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Summary of Significant Accounting Policies and Recently Issued Accounting Standards (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Recognition of Excess Tax Benefits in Provision for Income Taxes

The components of our income tax provision (benefit) were as follows:

		Year Ended December 31,
(In millions)		2016				2015				2014
Current tax expense (benefit):
Federal		$	31.3			$	6.3			$	(216.0	)
State and local			(1.3	)			7.3				0.2
Foreign			107.3				99.5				78.7
Total current expense (benefit)			137.3				113.1				(137.1	)
Deferred tax expense (benefit):
Federal			(42.4	)			(35.7	)			176.8
State and local			5.7				10.9				(27.2	)
Foreign			(21.1	)			2.2				(3.4	)
Total deferred tax expense (benefit)			(57.8	)			(22.6	)			146.2
Total income tax provision		$	79.5			$	90.5			$	9.1

Accounting Standards Update 2016-09 [Member]

Schedule of Recognition of Excess Tax Benefits in Provision for Income Taxes

The adoption resulted in the recognition of excess tax benefits in our provision for income taxes rather than in additional paid-in capital, as follows:

		Year Ended
		December 31,
(In millions)		2016
Excess tax benefit		$	18.1

Schedule of Diluted Weighted Average Number of Common Shares Outstanding

ASU 2016-09 also requires excess tax benefits to be prospectively excluded from assumed future proceeds in the calculation of diluted shares.  As a result of the above changes, it resulted in an increase in the Company’s diluted weighted average number of common shares outstanding as follows:

		Year Ended
		December 31,
		2016
Increase in diluted weighted average number of common    shares outstanding			446,747

Schedule of Changes in Earnings Per Share Basic and Diluted Effect of New Accounting Adoption

The changes resulted in an increase in basic and diluted EPS as follows:

		Year Ended
		December 31,
		2016
Basic EPS prior to adoption of ASU 2016-09		$	2.39
Basic EPS upon adoption of ASU 2016-09		$	2.49
Diluted EPS prior to adoption of ASU 2016-09		$	2.36
Diluted EPS upon adoption of ASU 2016-09		$	2.46

Schedule of Impact on Consolidated Statement of Cash Flows

. The retrospective impact on the Consolidated Statement of Cash Flows was as follows:

		Year Ended				Year Ended
		December 31,				December 31,
(In millions)		2016				2015
Impact on Net Cash provided by Operating Activities		$	6.8			$	13.1
Imapct on Net Cash used in Financing Activities		$	(6.8	)		$	(13.1	)

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Schedule of Changes in earnings per share basic and diluted effect of new accounting adoption.

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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
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Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit).

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
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