XML 147 R131.htm IDEA: XBRL DOCUMENT v3.6.0.2
Income Taxes - Federal Statutory Corporate Tax Rate Reconciles to Our Effective Income Tax Rate (Detail) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Tax Disclosure [Abstract]      
Computed expected tax, amount $ 198.1 $ 149.1 $ 93.5
State income taxes, net of federal tax benefit, amount 10.3 5.2 (5.7)
Foreign earnings taxed at lower rates, amount (31.2) (21.8) (35.2)
U.S. tax on foreign earnings, amount 26.9 12.1 10.5
Foreign tax credits, amount (57.9) (54.4)  
Unremitted foreign earnings, amount (24.3) (86.0) (5.2)
Stock compensation, amount (16.6)    
Overall foreign loss recapture, amount   67.9  
Net change in valuation allowance, amount (35.5) (58.2) (13.2)
Net change in unrecognized tax benefits, amount (28.8) 56.8 (23.4)
Deferred tax asset adjustments 36.9 17.1  
Reorganization tax benefit, amount     (2.2)
Other, amount 1.6 2.7 (10.0)
Total income tax provision [1] $ 79.5 $ 90.5 $ 9.1
Computed expected tax, percentage 35.00% 35.00% 35.00%
State income taxes, net of federal tax benefit, percentage 1.80% 1.20% (2.10%)
Foreign earnings taxed at lower rates, percentage (5.50%) (5.10%) (13.20%)
U.S. tax on foreign earnings, percentage 4.80% 2.80% 3.90%
Foreign tax credits, percentage (10.20%) (12.80%)  
Unremitted foreign earnings, percentage (4.30%) (20.20%) (1.90%)
Stock compensation, percentage (2.90%)    
Overall foreign loss recapture, percentage   15.90%  
Net change in valuation allowance, percentage (6.40%) (13.70%) (4.90%)
Net change in unrecognized tax benefits, percentage (5.10%) 13.30% (8.80%)
Deferred tax asset adjustments 6.50% 4.00%  
Reorganization tax benefit, percentage     (0.90%)
Other, percentage 0.30% 0.60% (3.70%)
Effective income tax rate, percentage 14.00% 21.20% 3.40%
[1] Due to the ongoing challenging economic situation in Venezuela, the Company approved a program in the second quarter of 2016 to cease operations in the country. Refer to Note 2 “Summary of Significant Accounting Policies and Recently Issued Accounting Standards “ of the Notes to Consolidated Financial Statements for further details.