XML 35 R21.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Income Taxes | 6 Months Ended
--- | ---
Jun. 30, 2016
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,
| 2015 |  | 2016 |  | 2015 |  | 2016
Controlling interest: |  |  |  |  |  |  |
Current tax | $ | 43.4 |  |  | $ | 28.1 |  |  | $ | 75.4 |  |  | $ | 55.1 |
Intangible-related deferred taxes | 20.7 |  |  | 21.3 |  |  | 41.1 |  |  | 43.4 |
Other deferred taxes | 5.1 |  |  | 1.8 |  |  | 18.9 |  |  | 7.3 |
Total controlling interest | 69.2 |  |  | 51.2 |  |  | 135.4 |  |  | 105.8 |
Non-controlling interests: |  |  |  |  |  |  |
Current tax | $ | 3.1 |  |  | $ | 2.2 |  |  | $ | 6.6 |  |  | $ | 4.2 |
Deferred taxes | (0.2 | ) |  | (0.2 | ) |  | (0.3 | ) |  | (0.3 | )
Total non-controlling interests | 2.9 |  |  | 2.0 |  |  | 6.3 |  |  | 3.9 |
Provision for income taxes | $ | 72.1 |  |  | $ | 53.2 |  |  | $ | 141.7 |  |  | $ | 109.7 |
Income before income taxes (controlling interest) | $ | 197.9 |  |  | $ | 158.7 |  |  | $ | 392.1 |  |  | $ | 317.8 |
Effective tax rate attributable to controlling interest(1) | 35.0 | % |  | 32.3 | % |  | 34.5 | % |  | 33.3 | %
__________________________
(1) | Taxes attributable to the controlling interest divided by Income before income taxes (controlling interest).
The Effective tax rate attributable to the controlling interest was 35.0% and 34.5% for the three and six months ended June 30, 2015, respectively, as compared to 32.3% and 33.3% for the three and six months ended June 30, 2016, respectively. The decrease resulted primarily from a decrease in Income before income taxes attributable to the controlling interest as well as the effect of foreign operations. Income tax expense for the three months ended June 30, 2015 and 2016 each included the benefit of indefinite deferrals of foreign earnings of $6.3 million. Income tax expense for the six months ended June 30, 2015 and 2016 each included the benefit of indefinite deferrals of foreign earnings of $12.5 million. As of December 31, 2015 and June 30, 2016, the Company carried a liability for uncertain tax positions of $26.9 million and $26.6 million, respectively. Included in these amounts was $1.8 million and $1.6 million as of December 31, 2015 and June 30, 2016, respectively, for interest and related charges. At December 31, 2015 and June 30, 2016, this liability also included $25.3 million and $25.4 million, respectively, 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.

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 Reference 3: 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 4: 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 Reference 5: 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
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration