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Income Taxes (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2012
Income Taxes |
Schedule of income tax provision attributable to controlling interests and to non-controlling interests |
|  | For the Three Months Ended September 30, |  | For the Nine Months Ended September 30, |
--- | --- | --- | --- | --- | ---
|  | 2011 |  | 2012 |  | 2011 |  | 2012 |
Controlling Interests: |  |  |  |  |  |  |  |  |  |  |  |  |
Current tax |  | $ | 1.9 |  | $ | 8.8 |  | $ | 31.9 |  | $ | 31.1 |
Intangible related deferred taxes |  |  | 10.4 |  |  | 11.7 |  |  | 36.2 |  |  | 0.1 |
Other deferred taxes |  |  | 6.2 |  |  | (1.2 | ) |  | (1.6 | ) |  | 4.9 |
Total controlling interests |  |  | 18.5 |  |  | 19.3 |  |  | 66.5 |  |  | 36.1 |
Non-Controlling Interests: |  |  |  |  |  |  |  |  |  |  |  |  |
Current tax |  |  | 3.1 |  |  | 2.8 |  |  | 9.5 |  |  | 9.1 |
Deferred taxes |  |  | (1.8 | ) |  | (2.7 | ) |  | (2.8 | ) |  | 0.8 |
Total non-controlling interests |  |  | 1.3 |  |  | 0.1 |  |  | 6.7 |  |  | 9.9 |
Provision for income taxes |  | $ | 19.8 |  | $ | 19.4 |  | $ | 73.2 |  | $ | 46.0 |
Income before income taxes (controlling interest) |  | $ | 58.6 |  | $ | 74.2 |  | $ | 191.1 |  | $ | 135.0 |
Effective tax rate attributable to controlling interests(1) |  |  | 31.6 | % |  | 26.0 | % |  | 34.8 | % |  | 26.7 | %
(1) Taxes attributable to the controlling interest divided by Income before income taxes (controlling interest).
Schedule of consolidated provision for income taxes |
|  | For the Three Months Ended September 30, |  | For the Nine Months Ended September 30, |
--- | --- | --- | --- | --- | ---
|  | 2011 |  | 2012 |  | 2011 |  | 2012 |
Current: |  |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | (7.6 | ) | $ | 0.8 |  | $ | 5.6 |  | $ | 3.2 |
State |  |  | 1.6 |  |  | 3.0 |  |  | 6.5 |  |  | 8.1 |
Foreign |  |  | 11.0 |  |  | 7.8 |  |  | 29.3 |  |  | 28.9 |
Total current |  |  | 5.0 |  |  | 11.6 |  |  | 41.4 |  |  | 40.2 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | 17.9 |  |  | 15.5 |  |  | 38.4 |  |  | 13.2 |
State |  |  | 0.5 |  |  | 1.6 |  |  | 1.7 |  |  | 1.8 |
Foreign |  |  | (3.6 | ) |  | (9.2 | ) |  | (8.3 | ) |  | (9.2 | )
Total deferred |  |  | 14.8 |  |  | 7.9 |  |  | 31.8 |  |  | 5.8 |
Provision for income taxes |  | $ | 19.8 |  | $ | 19.4 |  | $ | 73.2 |  | $ | 46.0 |
Schedule of components of deferred tax assets and liabilities |
|  | December 31, 2011 |  | September 30, 2012 |
--- | --- | --- | --- | --- | ---
Deferred Tax Assets |  |  |  |  |  |  |
State net operating loss carryforwards |  | $ | 26.5 |  | $ | 25.6 |
Foreign tax credit carryforwards |  |  | 15.1 |  |  | 13.2 |
Deferred compensation |  |  | 17.5 |  |  | 21.5 |
Tax benefit of uncertain tax positions |  |  | 11.6 |  |  | 17.3 |
Accrued expenses |  |  | 11.6 |  |  | 4.8 |
Capital loss carryforwards |  |  | 1.5 |  |  | 1.6 |
Total deferred tax assets |  |  | 83.8 |  |  | 84.0 |
Valuation allowance |  |  | (35.6 | ) |  | (27.3 | )
Deferred tax assets, net of valuation allowance |  |  | 48.2 |  |  | 56.7 |
Deferred Tax Liabilities |  |  |  |  |  |  |
Intangible asset amortization |  |  | (247.1 | ) | $ | (263.7 | )
Convertible securities interest |  |  | (171.1 | ) |  | (184.5 | )
Non-deductible intangible amortization |  |  | (127.2 | ) |  | (121.7 | )
Deferred revenue |  |  | (5.6 | ) |  | (5.3 | )
Other |  |  | (3.2 | ) |  | (2.9 | )
Total deferred tax liabilities |  |  | (554.2 | ) |  | (578.1 | )
Net deferred tax liability |  | $ | (506.0 | ) | $ | (521.4 | )

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- Definition Tabular disclosure of the components of income tax expense attributable to controlling and non-controlling interests for each year presented including, income before income taxes and effective tax rate attributable to controlling interests. + References No definition available. + Details
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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
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