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INCOME TAXES INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2017
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | The components of income (loss) from continuing operations before income taxes are as follows (in millions):
|  | Year Ended December 31,
|  | 2017 |  | 2016 |  | 2015
United States |  | $ | (36.3 | ) |  | $ | (29.9 | ) |  | $ | 212.2 |
Foreign |  | 148.3 |  |  | (240.8 | ) |  | (16.5 | )
Income (loss) from continuing operations before income taxes |  | $ | 112.0 |  |  | $ | (270.7 | ) |  | $ | 195.7 |
Schedule of Components of Income Tax Expense (Benefit) | The major components of the Company’s provision for (benefit from) income taxes on continuing operations before income taxes are summarized below (in millions):
|  | Year Ended December 31,
|  | 2017 |  | 2016 |  | 2015
Current: |  |  |  |  |  |  |  |  |
Federal |  | $ | (14.5 | ) |  | $ | 31.5 |  |  | $ | 49.2 |
State |  | 2.0 |  |  | 6.2 |  |  | 3.1 |
Foreign |  | 26.8 |  |  | 38.2 |  |  | 15.6 |
Current income tax provision (benefit) |  | 14.3 |  |  | 75.9 |  |  | 67.9 |
Deferred: |  |  |  |  |  |  |  |  |
Federal |  | 37.4 |  |  | (27.0 | ) |  | (3.7 | )
State |  | (0.5 | ) |  | (1.4 | ) |  | — |
Foreign |  | 0.8 |  |  | (124.9 | ) |  | 3.3 |
Deferred income tax (benefit) provision |  | 37.7 |  |  | (153.3 | ) |  | (0.4 | )
Total provision for (benefit from) income taxes |  | $ | 52.0 |  |  | $ | (77.4 | ) |  | $ | 67.5 |
Schedule of Deferred Tax Assets and Liabilities | The tax effects of the basis differences and loss carry forwards as of December 31, 2017 and 2016 for continuing operations are summarized below for major balance sheet captions (in millions):
|  | 2017 |  | 2016
Property, plant and equipment |  | $ | (8.8 | ) |  | $ | (16.8 | )
Intangibles |  | (5.7 | ) |  | (7.3 | )
Inventories |  | 13.9 |  |  | 18.1 |
Accrued warranties and product liability |  | 7.8 |  |  | 15.1 |
Loss carry forwards |  | 218.4 |  |  | 214.3 |
Retirement plans |  | 21.5 |  |  | 32.5 |
Accrued compensation and benefits |  | 28.9 |  |  | 40.1 |
Investments |  | (2.0 | ) |  | 2.3 |
Currency translation adjustments |  | 0.1 |  |  | (0.6 | )
Credit carry forwards |  | 4.5 |  |  | 11.9 |
Other |  | 18.5 |  |  | 20.8 |
Deferred tax assets valuation allowance |  | (136.4 | ) |  | (148.6 | )
Net deferred tax assets (liabilities) |  | $ | 160.7 |  |  | $ | 181.8 |
Schedule of Effective Income Tax Rate Reconciliation | The Company’s Provision for (benefit from) income taxes is different from the amount that would be provided by applying the statutory federal income tax rate to the Company’s Income (loss) from continuing operations before income taxes. The reasons for the difference are summarized as follows (in millions):
|  | Year Ended December 31,
|  | 2017 |  | 2016 |  | 2015
Tax at statutory federal income tax rate |  | $ | 39.2 |  |  | $ | (94.7 | ) |  | $ | 68.5 |
State taxes |  | 1.0 |  |  | 3.1 |  |  | 2.0 |
Change in valuation allowance |  | (2.8 | ) |  | (47.7 | ) |  | (22.3 | )
Foreign tax differential on income/losses of foreign subsidiaries |  | (20.1 | ) |  | (37.5 | ) |  | 12.2 |
U.S. tax on multi-national operations |  | 11.1 |  |  | 41.9 |  |  | 3.7 |
Change in foreign statutory rates |  | — |  |  | 1.9 |  |  | 7.7 |
U.S. manufacturing and export incentives |  | — |  |  | (2.0 | ) |  | (4.3 | )
Tax effect of dispositions |  | (27.2 | ) |  | 2.1 |  |  | — |
2017 Federal Tax Act (1) |  | 46.9 |  |  | — |  |  | — |
Impairment loss on goodwill and intangible assets |  | — |  |  | 52.4 |  |  | — |
Expired stock awards |  | 2.4 |  |  | — |  |  | — |
Other |  | 1.5 |  |  | 3.1 |  |  | — |
Total provision for (benefit from) income taxes |  | $ | 52.0 |  |  | $ | (77.4 | ) |  | $ | 67.5 |
(1) The total impact of the 2017 Federal Tax Act is $50.4 million. Impacts of $1.3 million and $2.1 million are included in State taxes and Change in valuation allowance, respectively.
Summary of Income Tax Contingencies | The following table summarizes the activity related to the Company’s total (including discontinued operations) unrecognized tax benefits (in millions). Amounts in 2015 have been adjusted to eliminate the impact of offsets, which are immaterial:
Balance as of January 1, 2015 | $ | 78.1 |
Additions for current year tax positions | — |
Additions for prior year tax positions | 1.7 |
Reductions for prior year tax positions | (9.3 | )
Reductions for current year tax positions | — |
Reductions for expiration of statute of limitations | (1.1 | )
Settlements | — |
Acquired balances | — |
Balance as of December 31, 2015 | 69.4 |
Additions for current year tax positions | — |
Additions for prior year tax positions | 6.3 |
Reductions for prior year tax positions | (3.1 | )
Reductions for current year tax positions | — |
Reductions for expiration of statute of limitations | (5.0 | )
Settlements | (7.8 | )
Acquired balances | — |
Balance as of December 31, 2016 | 59.8 |
Additions for current year tax positions | — |
Additions for prior year tax positions | 12.3 |
Reductions for prior year tax positions | (29.9 | )
Reductions for current year tax positions | — |
Reductions for expiration of statute of limitations | (1.3 | )
Settlements | (6.8 | )
Acquired balances | — |
Balance as of December 31, 2017 | $ | 34.1 |

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- Definition 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 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=65882285&loc=SL6600010-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32718-109319 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32840-109319 + Details
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