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Income Taxes
6 Months Ended
Jun. 30, 2015
Income Tax Disclosure [Abstract]  
Income Taxes
Income Taxes
The consolidated income tax provision includes taxes attributable to the controlling interest and, to a lesser extent, taxes attributable to non-controlling interests as follows:
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2014
 
2015
 
2014
 
2015
Controlling interests:
 
 
 
 
 
 
 
Current tax
$
42.3

 
$
43.4

 
$
72.6

 
$
75.4

Intangible-related deferred taxes
18.4

 
20.7

 
35.3

 
41.1

Other deferred taxes
(3.0
)
 
5.1

 
(4.6
)
 
18.9

Total controlling interests
57.7

 
69.2

 
103.3

 
135.4

Non-controlling interests:
 
 
 
 
 
 
 
Current tax
$
3.6

 
$
3.1

 
$
7.1

 
$
6.6

Deferred taxes
(0.2
)
 
(0.2
)
 
(0.4
)
 
(0.3
)
Total non-controlling interests
3.4

 
2.9

 
6.7

 
6.3

Provision for income taxes
$
61.1

 
$
72.1

 
$
110.0

 
$
141.7

Income before income taxes (controlling interest)
$
156.8

 
$
197.9

 
$
279.5

 
$
392.1

Effective tax rate attributable to controlling interest(1)
36.8
%
 
35.0
%
 
37.0
%
 
34.5
%
__________________________

(1) 
Taxes attributable to the controlling interest divided by Income before income taxes (controlling interest).
The Effective tax rate attributable to controlling interest was 36.8% and 37.0% for the three and six months ended June 30, 2014, respectively, as compared to 35.0% and 34.5% for the three and six months ended June 30, 2015, respectively. The decrease resulted primarily from an indefinite reinvestment of $6.3 million and $12.5 million of non-U.S. earnings in the three and six months ended June 30, 2015, respectively.
As of June 30, 2015, the Company carried a liability for uncertain tax positions of $27.6 million, including $1.9 million for interest and related charges. At June 30, 2015, this liability also included $25.5 million for tax positions that, if recognized, would affect the Company’s effective tax rate.
The Company periodically has tax examinations in the U.S. and foreign jurisdictions. Examination outcomes, and any related settlements, are subject to significant uncertainty. The completion of examinations may result in the payment of additional taxes and/or the recognition of tax benefits.