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		%

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⁽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.