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Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2012
Income Taxes |
Schedule of income tax provision attributable to controlling interests and to non-controlling interests |
|  | For the Years Ended December 31, |
--- | --- | --- | ---
|  | 2010 |  | 2011 |  | 2012 |
Controlling Interests: |  |  |  |  |  |  |  |  |  |
Current tax |  | $ | 42.1 |  | $ | 45.0 |  | $ | 61.0 |
Intangible related deferred taxes |  |  | 47.5 |  |  | 43.2 |  |  | 22.7 |
Other deferred taxes |  |  | (9.3 | ) |  | (4.0 | ) |  | (12.1 | )
Total controlling interests |  |  | 80.3 |  |  | 84.2 |  |  | 71.6 |
Non-controlling Interests: |  |  |  |  |  |  |  |  |  |
Current tax |  | $ | 14.0 |  | $ | 12.9 |  | $ | 11.7 |
Deferred taxes |  |  | (2.8 | ) |  | (4.0 | ) |  | 0.5 |
Total non-controlling interests |  |  | 11.2 |  |  | 8.9 |  |  | 12.2 |
Provision for income taxes |  | $ | 91.5 |  | $ | 93.1 |  | $ | 83.8 |
Income before income taxes (controlling interest) |  | $ | 218.9 |  | $ | 249.1 |  | $ | 245.6 |
Effective tax rate attributable to controlling interests(1) |  |  | 36.7 | % |  | 33.8 | % |  | 29.2 | %
(1) Taxes attributable to the controlling interest divided by Income before income taxes (controlling interest).
Schedule of consolidated provision for income taxes |
|  | For the Years Ended December 31, |
--- | --- | --- | ---
|  | 2010 |  | 2011 |  | 2012 |
Current: |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 12.8 |  | $ | 7.7 |  | $ | 19.4 |
State |  |  | 9.9 |  |  | 9.7 |  |  | 11.3 |
Foreign |  |  | 33.4 |  |  | 40.5 |  |  | 42.0 |
Total current |  |  | 56.1 |  |  | 57.9 |  |  | 72.7 |
Deferred: |  |  |  |  |  |  |  |  |  |
Federal |  |  | 43.2 |  |  | 47.4 |  |  | 19.4 |
State |  |  | 2.7 |  |  | 4.4 |  |  | 3.0 |
Foreign |  |  | (10.5 | ) |  | (16.6 | ) |  | (11.3 | )
Total deferred |  |  | 35.4 |  |  | 35.2 |  |  | 11.1 |
Provision for income taxes |  | $ | 91.5 |  | $ | 93.1 |  | $ | 83.8 |
Schedule of components of income before income taxes |
|  | For the Years Ended December 31, |
--- | --- | --- | ---
|  | 2010 |  | 2011 |  | 2012 |
Domestic |  | $ | 186.3 |  | $ | 243.8 |  | $ | 238.6 |
International |  |  | 192.6 |  |  | 208.9 |  |  | 256.6 |
|  | $ | 378.9 |  | $ | 452.7 |  | $ | 495.2 |
Schedule of effective income tax rate computed by using income before income taxes and applying U.S. federal income tax rate |
|  | For the Years Ended December 31, |
--- | --- | --- | ---
|  | 2010 |  | 2011 |  | 2012 |
Tax at U.S. federal income tax rate |  |  | 35.0 | % |  | 35.0 | % |  | 35.0 | %
State income taxes, net of federal benefit |  |  | 2.0 |  |  | 2.4 |  |  | 4.6 |
Non-deductible expenses |  |  | 0.1 |  |  | 0.5 |  |  | 0.8 |
Valuation allowance |  |  | 1.0 |  |  | (1.1 | ) |  | (5.9 | )
Effect of foreign operations |  |  | 0.5 |  |  | — |  |  | (2.9 | )
Foreign basis differences |  |  | (0.7 | ) |  | (0.9 | ) |  | (0.4 | )
Effect of changes in tax law, rates |  |  | (1.2 | ) |  | (2.1 | ) |  | (2.0 | )
Effect of income from non-controlling interests |  |  | (12.5 | ) |  | (13.2 | ) |  | (12.2 | )
|  |  | 24.2 | % |  | 20.6 | % |  | 17.0 | %
Schedule of components of deferred tax assets and liabilities |
|  | December 31, |
--- | --- | --- | ---
|  | 2011 |  | 2012 |
Deferred Tax Assets |  |  |  |  |  |  |
State net operating loss carryforwards |  | $ | 26.5 |  | $ | 23.9 |
Deferred compensation |  |  | 17.5 |  |  | 23.9 |
Foreign tax credit carryforwards |  |  | 15.1 |  |  | 20.1 |
Tax benefit of uncertain tax positions |  |  | 11.6 |  |  | 17.6 |
Accrued expenses |  |  | 11.6 |  |  | 6.0 |
Capital loss carryforwards |  |  | 1.5 |  |  | 1.5 |
Total deferred tax assets |  |  | 83.8 |  |  | 93.0 |
Valuation allowance |  |  | (35.6 | ) |  | (21.3 | )
Deferred tax assets, net of valuation allowance |  | $ | 48.2 |  | $ | 71.7 |
Deferred Tax Liabilities |  |  |  |  |  |  |
Intangible asset amortization |  | $ | (247.1 | ) | $ | (238.2 | )
Convertible securities interest |  |  | (171.1 | ) |  | (189.2 | )
Non-deductible intangible amortization |  |  | (127.2 | ) |  | (120.1 | )
Deferred revenue |  |  | (5.6 | ) |  | (18.5 | )
Other |  |  | (3.2 | ) |  | (2.8 | )
Total deferred tax liabilities |  |  | (554.2 | ) |  | (568.8 | )
Net deferred tax liability |  | $ | (506.0 | ) | $ | (497.1 | )
Schedule of reconciliation of beginning and ending amount of unrecognized tax benefits |
|  | For the Years Ended December 31, |
--- | --- | --- | ---
|  | 2010 |  | 2011 |  | 2012 |
Balance, as of January 1 |  | $ | 21.9 |  | $ | 24.6 |  | $ | 21.2 |
Additions based on current year tax positions |  |  | 7.0 |  |  | 4.8 |  |  | 5.9 |
Additions based on prior years' tax positions |  |  | — |  |  | — |  |  | 5.2 |
Reductions for prior years' tax provisions |  |  | (1.2 | ) |  | — |  |  | (5.4 | )
Settlements |  |  | — |  |  | (1.2 | ) |  | — |
Reductions related to lapses of statutes of limitations |  |  | (3.4 | ) |  | (6.7 | ) |  | (4.6 | )
Additions (reductions) related to foreign exchange rates |  |  | 0.3 |  |  | (0.3 | ) |  | 0.3 |
Balance, as of December 31 |  | $ | 24.6 |  | $ | 21.2 |  | $ | 22.6 |

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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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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Interpretation (FIN) -Number 48 -Paragraph 21 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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