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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Income Before Income Taxes

For financial reporting purposes, income before income taxes includes the following components ($ in millions):

	For the Years Ended December 31,
	2017				2016				2015
United States	$	42.6			$	27.7			$	41.6
Foreign	58.9				65.7				63.9
Total	$	101.5			$	93.4			$	105.5

Schedule of Components of Income Tax Expense (Benefit), Continuing Operations

An analysis of the provision (benefit) for income taxes from continuing operations follows ($ in millions):

	For the Years Ended December 31,
	2017				2016				2015
Current income taxes:
U.S. federal	$	53.2			$	14.3			$	13.0
U.S. state	0.6				0.1				1.1
Foreign	14.2				17.2				14.2
	68.0				31.6				28.3
Deferred income taxes:
U.S. federal	(1.3		)		(2.7		)		(5.8		)
U.S. state	2.9				(4.0		)		0.1
Foreign	—				(9.5		)		(1.0		)
	1.6				(16.2		)		(6.7		)
Total	$	69.6			$	15.4			$	21.6

Schedule of Reconciliation of Income Tax Rate

A reconciliation of income taxes computed at the U.S. Federal statutory income tax rate to the provision for income taxes is as follows ($ in millions): 

	For the Years Ended December 31,
	2017							2016							2015
	Amount				Percent			Amount				Percent			Amount				Percent
Tax provision at U.S. statutory rate	$	35.6			35.0	%		$	32.6			35.0	%		$	36.9			35.0	%
Foreign income tax rate differential	0.7				0.7			(9.0		)		(9.6	)		(16.2		)		(15.4	)
State income tax, net of federal benefit	2.7				2.6			(2.5		)		(2.7	)		1.1				1.1
Domestic production deduction	(2.4		)		(2.3	)		(0.9		)		(1.0	)		(1.5		)		(1.4	)
Remeasurement of deferred taxes for tax law change	(11.8		)		(11.7	)		(7.0		)		(7.5	)		—				—
Adjustments to valuation allowances	(2.8		)		(2.8	)		3.5				3.7			1.4				1.3
U.S. tax reform transition tax	51.4				50.6			—				—			—				—
Other, net	(3.8		)		(3.5	)		(1.3		)		(1.4	)		(0.1		)		(0.1	)
Provision for income taxes	$	69.6			68.6	%		$	15.4			16.5	%		$	21.6			20.5	%

Schedule of Deferred Tax Assets (Liabilities)

Net deferred income tax assets (liabilities) were comprised of the following ($ in millions):

	December 31,
	2017				2016
Deferred Tax Assets
Receivable allowances	$	0.4			$	0.2
Reserves and accruals	3.8				3.9
Inventory and other assets	0.7				2.3
Postretirement and other employee benefits	15.9				20.0
Net operating loss and tax credit carryforwards	94.1				104.8
Intangibles	73.6				76.6
Other	4.7				0.1
	193.2				207.9
Less: Valuation allowance	(182.5		)		(194.8		)
Net deferred income tax assets	$	10.7			$	13.1
Deferred Tax Liabilities
Net fixed assets	$	(40.5	)		$	(34.4	)
Investment in subsidiaries	(9.8		)		(4.1		)
Derivatives	(1.3		)		—
Other	(0.4		)		(0.7		)
Net deferred income tax liabilities	$	(52.0	)		$	(39.2	)
Total net deferred income tax liabilities	$	(41.3	)		$	(26.1	)

Summary of Operating Loss Carryforwards

As of December 31, 2017 the Company had approximately $92.8 million of tax affected operating loss carryforwards available to reduce future taxable income in various jurisdictions which will expire on various dates as follows:

	2017
2018-2022	$	3.4
2023-2034	12.7
Indefinite	76.7
	92.8

Schedule of Unrecognized Tax Benefits

The following table summarizes the activity related to the Company's unrecognized tax benefits related to income taxes ($ in millions):

	December 31,
	2017				2016				2015
Uncertain tax position balance at beginning of year	$	2.4			$	0.9			$	1.8
Increases related to current year tax positions	0.3				2.0				—
Increases related to prior year tax positions	0.4				—				—
Decreases related to prior year tax positions	(2.0		)		—				—
Decreases related to expiration of statute of limitations	(0.1		)		(0.5		)		(0.9		)
Uncertain tax position balance at end of year	$	1.0			$	2.4			$	0.9

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