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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2015
Income Tax Disclosure [Abstract] |
Schedule of provision for income taxes | The provision for income taxes was as follows:
Year Ended December 31 | 2015 |  | 2014 |  | 2013 |
Current |  |  |
United States |  |  |
Federal | $ | (8.4 | ) | $ | 44.8 |  | $ | (0.8 | )
State | — |  | 7.0 |  | 3.4 |
Non-United States | 158.7 |  | 148.2 |  | 167.9 |
Total current | 150.3 |  | 200.0 |  | 170.5 |
Deferred |  |  |
United States |  |  |
Federal | 92.9 |  | 53.2 |  | 21.0 |
State | 1.8 |  | (1.9 | ) | 0.9 |
Non-United States | (3.5 | ) | 2.7 |  | (4.9 | )
Total deferred | 91.2 |  | 54.0 |  | 17.0 |
Total provision | $ | 241.5 |  | $ | 254.0 |  | $ | 187.5 |
Schedule of effective income tax rate reconciliation | A reconciliation between taxes computed at the United States Federal statutory rate of 35% and the consolidated effective tax rate is as follows:
Year Ended December 31 | 2015 |  | 2014 |  | 2013 |
Income tax based on statutory rate | $ | 231.2 |  | $ | 238.6 |  | $ | 166.4 |
Increase (decrease) resulting from: |  |  |
Non-United States tax rate difference | 20.4 |  | 20.1 |  | 27.7 |
Repatriation of non-United States earnings | (16.9 | ) | (10.1 | ) | (20.5 | )
State income taxes, net of Federal benefit | 2.7 |  | 2.9 |  | 3.2 |
Change in valuation allowance | 3.3 |  | 5.0 |  | (0.5 | )
Other, net | 0.8 |  | (2.5 | ) | 11.2 |
Tax provision | $ | 241.5 |  | $ | 254.0 |  | $ | 187.5 |
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:
December 31 | 2015 |  | 2014 |
Future Income Tax (Expense) Benefits |  |
Accrued payroll taxes and insurance | $ | 31.5 |  | $ | 32.8 |
Employee compensation payable | 31.7 |  | 28.1 |
Pension and postretirement benefits | 57.5 |  | 60.5 |
Intangible assets | (144.7 | ) | (124.7 | )
Repatriation of non-United States earnings | (132.0 | ) | (53.1 | )
Intercompany loans denominated in foreign currencies | (61.2 | ) | (25.6 | )
Net operating losses | 106.5 |  | 129.7 |
Other | 133.1 |  | 119.7 |
Valuation allowance | (95.9 | ) | (107.9 | )
Total future tax (expense) benefits | $ | (73.5 | ) | $ | 59.5 |
Deferred tax asset | 83.9 |  | 106.2 |
Deferred tax liability | (157.4 | ) | (46.7 | )
Total future tax (expense) benefits | $ | (73.5 | ) | $ | 59.5 |
Summary of net operating loss carryforwards | The net operating loss carryforwards expire as follows:
| United States Federal and Non-United States |  | United States State |
2016 | $ | 3.6 |  | $ | 1.0 |
2017 | 3.4 |  | 7.5 |
2018 | 3.1 |  | 3.5 |
2019 | 7.9 |  | 4.5 |
2020 | 4.3 |  | — |
Thereafter | 27.4 |  | 240.3 |
No expirations | 328.8 |  | — |
Total net operating loss carryforwards | $ | 378.5 |  | $ | 256.8 |
Summary of unrecognized tax benefit activity | The following table summarizes the activity related to our unrecognized tax benefits during 2015, 2014 and 2013:
| 2015 |  | 2014 |  | 2013 |
Gross unrecognized tax benefits, beginning of year | $ | 23.0 |  | $ | 23.9 |  | $ | 26.4 |
Increases in prior year tax positions | 2.3 |  | 0.7 |  | 2.1 |
Decreases in prior year tax positions | (0.5 | ) | (1.2 | ) | (5.6 | )
Increases for current year tax positions | 3.1 |  | 2.2 |  | 3.4 |
Expiration of statute of limitations and audit settlements | (8.9 | ) | (2.6 | ) | (2.4 | )
Gross unrecognized tax benefits, end of year | $ | 19.0 |  | $ | 23.0 |  | $ | 23.9 |
Potential interest and penalties | 19.9 |  | 7.8 |  | 8.4 |
Balance, end of year | $ | 38.9 |  | $ | 30.8 |  | $ | 32.3 |

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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=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 -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -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 -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -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 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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