XML 90 R75.htm IDEA: XBRL DOCUMENT v3.20.4
Income Taxes - Tax Provision (Benefit), Reconciliation, and Tax Rates (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Tax Disclosure [Abstract]        
United States $ 51.2 $ (59.1) $ (63.6)  
Foreign 110.5 296.4 248.5  
Income (loss) before income taxes 161.7 237.3 184.9  
Current:        
U.S. federal statutory tax 10.1 (4.0) 8.2  
State 2.6 1.6 (1.6)  
Foreign 42.9 35.9 46.3  
Total current income tax provision (benefit) 55.6 33.5 52.9  
Deferred:        
U.S. federal statutory tax 0.0 11.0 4.0  
State 0.0 4.6 (6.2)  
Foreign (14.4) (12.2) (1.0)  
Total deferred income (loss) before income taxes (14.4) 3.4 (3.2)  
Non-current tax expense (income) 10.9 19.3 6.2  
Income tax provision $ 52.1 $ 56.2 $ 55.9 $ 149.2
Reconciliation of U.S. federal statutory income tax rate to effective income tax rate        
U.S. federal statutory tax rate 21.00% 21.00% 21.00%  
Foreign earnings, net of foreign taxes (13.30%) (13.80%) (11.60%)  
State income taxes, net of U.S. federal income tax benefit 1.30% 2.20% (3.30%)  
U.S. tax on deemed dividends 0.00% 0.90% (0.40%)  
Tax Act - Transition Tax (0.007) 0.005 0.007  
Tax Reform - GILTI 0.50% 6.00% 9.70%  
Tax Reform - BEAT 1.40% 0.10% 2.80%  
Deferred tax impact on foreign unrepatriated earnings (0.90%) 0.50% (1.00%)  
Goodwill impairment 0.00% 0.00% 0.00%  
Uncertain tax positions 6.80% 8.20% 3.40%  
Foreign currency adjustments (2.10%) (6.10%) 2.20%  
Intercompany interest transfer pricing adjustment 2.00% 1.40% 1.50%  
Nontaxable interest income (3.00%) (2.30%) (2.70%)  
Nondeductible interest expense 1.90% 1.80% 0.00%  
Valuation allowance 10.60% 1.20% 3.00%  
Sale of Company 3.00% 0.00% 0.00%  
Non-deductible Officer Compensation 1.20% 0.50% 0.10%  
Other permanent differences 2.50% 1.60% 4.80%  
Effective income tax rate 32.20% 23.70% 30.20% (707.10%)