XML 93 R69.htm IDEA: XBRL DOCUMENT v3.8.0.1
Income Taxes - Tax Provision (Benefit), Reconciliation, and Tax Rates (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
U.S. and foreign income before income taxes        
United States $ (152.3) $ (85.4) $ 3.5  
Foreign 131.2 227.5 214.2  
Income (loss) before income taxes (21.1) 142.1 217.7  
Current:        
U.S. federal statutory tax 94.6 7.5 (9.9)  
State 5.6 0.8 0.7  
Foreign 34.2 30.4 27.0  
Total current income tax provision (benefit) 134.4 38.7 17.8  
Deferred:        
U.S. federal statutory tax 15.1 (29.3) 4.6  
State 8.9 (4.2) 3.0  
Foreign (10.0) (2.5) (2.3)  
Total deferred income (loss) before income taxes 13.9 (36.0) 5.3  
Non-current tax expense (income) 0.9 13.0 24.1  
Income tax provision $ 149.2 $ 15.7 $ 47.2 $ 53.6
Reconciliation of U.S. federal statutory income tax rate to effective income tax rate        
U.S. federal statutory tax rate 35.00% 35.00% 35.00%  
Foreign earnings, net of foreign taxes 245.40% (42.40%) (28.30%)  
State income taxes, net of U.S. federal income tax benefit (51.80%) (1.50%) 1.10%  
U.S. tax on deemed dividends (14.00%) 1.30% 1.70%  
Tax Act impact (704.30%) 0.00% 0.00%  
Deferred tax impact on foreign unrepatriated earnings (65.50%) 0.00% 0.00%  
Goodwill impairment (81.50%) 0.00% 0.00%  
Sale of subsidiary 0.00% 3.80% 0.00%  
Uncertain tax positions (4.10%) 9.20% 10.30%  
Tax authority settlements (10.00%) 0.00% 0.00%  
Nontaxable interest income 36.90% 0.00% 0.00%  
Nondeductible interest expense (12.60%) 0.00% 0.00%  
Valuation allowance (19.60%) 2.00% 0.30%  
Other permanent differences (61.00%) 3.60% 1.60%  
Effective income tax rate (707.10%) 11.00% 21.70% 19.50%
Effective income tax rate (707.10%) 11.00% 21.70% 19.50%
Provision for income taxes $ 149.2 $ 15.7 $ 47.2 $ 53.6
Transition tax toll charge on historic accumulated foreign earnings 143.7      
Provisional undistributed accumulated earnings of foreign subsidiary 725.0      
Accumulated foreign earnings deemed repatriated 1,700.0      
Provisional estimate of the associated foreign withholding and state income tax effects $ 13.8      
Without transition tax toll charge        
Reconciliation of U.S. federal statutory income tax rate to effective income tax rate        
Effective income tax rate (25.90%)      
Effective income tax rate (25.90%)