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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2011
Income Taxes [Abstract] |
Provision for Income Taxes | The Provision for income taxes was as follows:
Year Ended December 31 |  | 2011 |  |  | 2010 |  |  | 2009 |
Current |  |  |  |  |  |  |  |  |
United States |  |  |  |  |  |  |  |  |
Federal | $ | 24.2 |  | $ | 37.4 |  | $ | (31.8 | )
State |  | 2.8 |  |  | 3.2 |  |  | 6.8 |
Non-U.S. |  | 176.5 |  |  | 126.3 |  |  | 40.5 |
Total current |  | 203.5 |  |  | 166.9 |  |  | 15.5 |
Deferred |  |  |  |  |  |  |  |  |
United States |  |  |  |  |  |  |  |  |
Federal |  | (2.3 | ) |  | (81.1 | ) |  | (3.5 | )
State |  | 3.3 |  |  | (2.9 | ) |  | (4.6 | )
Non-U.S. |  | 23.8 |  |  | 15.5 |  |  | (21.1 | )
Total deferred |  | 24.8 |  |  | (68.5 | ) |  | (29.2 | )
Total provision | $ | 228.3 |  | $ | 98.4 |  | $ | (13.7 | )
Effective Income Tax Rate Reconciliation | A reconciliation between taxes computed at the U.S. Federal statutory rate of 35% and the consolidated effective tax rate was as follows:
Year Ended December 31 |  | 2011 |  |  | 2010 |  |  | 2009 |
Income tax based on statutory rate | $ | 168.0 |  | $ | (57.8 | ) | $ | (8.0 | )
Increase (decrease) resulting from: |  |  |  |  |  |  |  |  |
State income taxes, net of Federal benefit |  | 5.2 |  |  | (0.6 | ) |  | 2.9 |
Non-U.S. tax rate difference(1) |  | 40.6 |  |  | 38.7 |  |  | 3.3 |
Repatriation of non-U.S. earnings |  | 11.1 |  |  | (4.8 | ) |  | (37.2 | )
Change in valuation reserve |  | (3.3 | ) |  | 11.7 |  |  | 10.6 |
Non-deductible goodwill impairment charge |  | – |  |  | 109.1 |  |  | 21.4 |
Other, net |  | 6.7 |  |  | 2.1 |  |  | (4.9 | )
Non-deductible competition investigation in France |  | – |  |  | – |  |  | (1.8 | )
Tax provision | $ | 228.3 |  | $ | 98.4 |  | $ | (13.7 | )
(1) | Included above in the impact of the non-U.S. tax rate difference was the French business tax, which has been classified as a component of income tax beginning in January 2010, in accordance with the current accounting guidance on income taxes. Prior to January 2010, the French business tax had been presented as non-income tax and included as a component of Cost of services. The French government changed the business tax from an asset- based tax to an income-based tax, thereby requiring the classification of this tax as income tax effective January 1, 2010.
Components of Future Income Tax Benefits (Expense) | Deferred income taxes are recorded on temporary differences at the tax rate expected to be in effect when the temporary differences reverse. Temporary differences, which gave rise to the deferred taxes, were as follows:
Year Ended December 31 |  | 2011 |  |  | 2010 |
Current Future Income Tax Benefits (Expense) |  |  |  |  |  |
Accrued payroll taxes and insurance | $ | 10.7 |  | $ | 9.7 |
Employee compensation payable |  | 26.8 |  |  | 22.3 |
Pension and postretirement benefits |  | (5.6 | ) |  | (1.8 | )
Other |  | 22.0 |  |  | 29.5 |
Valuation allowance |  | (2.9 | ) |  | – |
|  | 51.0 |  |  | 59.7 |
Noncurrent Future Income Tax Benefits (Expense) |  |  |  |  |  |
Accrued payroll taxes and insurance |  | 22.5 |  |  | 20.4 |
Pension and postretirement benefits |  | 55.0 |  |  | 50.4 |
Intangible assets(1) |  | (126.4 | ) |  | (125.7 | )
Net operating losses(1) |  | 144.9 |  |  | 182.9 |
Other(1) |  | 103.5 |  |  | 105.7 |
Valuation allowance |  | (116.3 | ) |  | (123.2 | )
|  | 83.2 |  |  | 110.5 |
Total future tax benefits | $ | 134.2 |  | $ | 170.2 |
Current tax asset | $ | 52.4 |  | $ | 59.7 |
Current tax liability |  | (1.4 | ) |  | – |
Noncurrent tax asset |  | 102.7 |  |  | 128.1 |
Noncurrent tax liability |  | (19.5 | ) |  | (17.6 | )
Total future tax benefits | $ | 134.2 |  | $ | 170.2 |
(1) | The 2010 amounts originally presented above for Intangible assets, Net operating losses and Other have been revised by ($91.3), ($14.4) and $105.7, respectively, to correct the prior year presentation. This change did not affect the deferred tax assets and liabilities reported in the 2010 Consolidated Balance Sheet.
Net Operating Loss Carryforwards | The net operating loss carryforwards expire as follows:
|  | U.S. Federal and Non-U.S. |  |  | U.S. State |
2012 | $ | 0.9 |  | $ | – |
2013 |  | 2.0 |  |  | – |
2014 |  | 8.8 |  |  | – |
2015 |  | 5.7 |  |  | 0.1 |
2016 |  | 6.5 |  |  | 0.6 |
Thereafter |  | 171.5 |  |  | 143.4 |
No expirations |  | 290.5 |  |  | – |
Total net operating loss carryforwards | $ | 485.9 |  | $ | 144.1 |
Unrecognized Tax Benefit Activity | The following table summarizes the activity related to our unrecognized tax benefits during 2011, 2010 and 2009:
|  | 2011 |  |  | 2010 |  |  | 2009 |
Gross unrecognized tax benefits, beginning of year | $ | 25.0 |  | $ | 41.7 |  | $ | 49.3 |
Increases in prior year tax positions |  | 0.9 |  |  | 3.0 |  |  | 6.5 |
Decreases in prior year tax positions |  | (1.5 | ) |  | (2.0 | ) |  | (1.4 | )
Increases for current year tax positions |  | 2.5 |  |  | – |  |  | 1.7 |
Expiration of statute of limitations and audit settlements |  | (1.9 | ) |  | (17.7 | ) |  | (14.4 | )
Gross unrecognized tax benefits, end of year | $ | 25.0 |  | $ | 25.0 |  | $ | 41.7 |
Potential interest and penalties |  | 2.0 |  |  | 1.4 |  |  | 2.7 |
Balance, end of year | $ | 27.0 |  | $ | 26.4 |  | $ | 44.4 |

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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 -Topic 740 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph -Name Accounting Standards Codification -Paragraph 9 -Section 50 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 740 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph -Name Accounting Standards Codification -Paragraph 2 -Section 50 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + 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 -Topic 740 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph -Name Accounting Standards Codification -Paragraph 12 -Section 50 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure of 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 (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Interpretation (FIN) -Number 48 -Paragraph 21 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: 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 + Details
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