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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

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,
			2020						2019						2018
United States			$	29.1					$	60.0					$	55.8
Foreign			68.2						36.9						61.0
Total			$	97.3					$	96.9					$	116.8

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,
			2020						2019						2018
Current income taxes:
U.S. federal			$	7.3					$	8.1					$	(9.2)
U.S. state			1.5						0.8						0.8
Foreign			14.8						9.7						11.6
			23.6						18.6						3.2
Deferred income taxes:
U.S. federal			(5.3)						2.3						3.6
U.S. state			1.0						(1.9)						1.4
Foreign			(0.9)						(3.8)						2.5
			(5.2)						(3.4)						7.5
Total			$	18.4					$	15.2					$	10.7

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,
			2020												2019												2018
			Amount						Percent						Amount						Percent						Amount						Percent
Tax provision at U.S. statutory rate			$	20.4					21.0		%				$	20.3					21.0		%				$	24.5					21.0		%
Foreign income tax rate differential			2.7						2.7						0.6						0.5						2.5						2.2
Income from passthrough entities			2.3						2.3						1.7						1.6						0.7						0.6
Global intangible low tax inclusion			4.8						4.8						(0.1)						(0.1)						7.0						6.0
Foreign derived intangible income			(0.3)						(0.3)						(0.2)						(0.2)						(4.2)						(3.6)
State income tax, net of federal benefit			1.8						1.8						(0.2)						(0.2)						1.7						1.5
Adjustments to valuation allowances			(3.9)						(3.9)						(3.7)						(3.8)						(2.5)						(2.1)
Transition tax			—						—						(0.7)						(0.6)						(11.6)						(10.0)
Other tax credits			(0.8)						(0.8)						(2.0)						(2.1)						(2.6)						(2.3)
Foreign tax credits			(9.9)						(10.0)						(3.5)						(3.6)						(5.1)						(4.4)
Other foreign operational taxes			3.5						3.5						2.9						3.0						3.1						2.7
Remeasurement of deferred taxes due to tax law			0.4						0.4						0.9						1.0						(1.8)						(1.5)
Non-deductible compensation			0.4						0.4						1.1						1.1						0.4						0.3
Other, net			(3.0)						(3.0)						(1.9)						(1.9)						(1.4)						(1.2)
Provision for income taxes			$	18.4					18.9		%				$	15.2					15.7		%				$	10.7					9.2		%

Schedule of Deferred Tax Assets (Liabilities)

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

			December 31,
			2020						2019
Deferred Tax Assets
Receivable allowances			$	0.5					$	0.4
Postretirement and other employee benefits			21.0						19.0
Derivatives			2.5						0.1
Net operating loss and tax credit carryforwards			104.4						93.7
Capital loss carryforward			12.1						6.9
Accruals and other liabilities			0.7						—
Intangibles			37.6						45.7
Other			4.4						3.9
			183.2						169.7
Less: Valuation allowance			(166.6)						(157.4)
Net deferred income tax assets			$	16.6					$	12.3
Deferred Tax Liabilities
Net property, plant and equipment			$	(55.7)					$	(52.6)
Accruals and other liabilities			—						(0.6)
Investment in subsidiaries			(3.2)						(3.5)
Other			(0.3)						(0.1)
Net deferred income tax liabilities			$	(59.2)					$	(56.8)
Total net deferred income tax liabilities			$	(42.6)					$	(44.5)

Summary of Operating Loss Carryforwards

As of December 31, 2020, the Company had approximately $99.5 million of tax-effected operating loss carryforwards available to further reduce future taxable income in various jurisdictions which will expire on various dates as follows:

			2020
2021-2024			$	0.1
2025-2037			19.6
Indefinite			79.8
			$	99.5

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,
			2020						2019						2018
Uncertain tax position balance at beginning of year			$	1.7					$	1.1					$	1.0
Increases related to current year tax positions			0.3						0.6						0.6
Decreases related to prior year tax positions			—						—						(0.2)
Decreases related to expiration of statute of limitations			—						—						(0.3)
Uncertain tax position balance at end of year			$	2.0					$	1.7					$	1.1

Summary of Income Tax Examinations

Jurisdiction			Fiscal Years
Belgium			2019-2020
Brazil			2015-2020
Canada			2016-2020
China			2018-2020
France			2018-2020
Germany			2016-2020
Hong Kong			2014-2020
Luxembourg			2015-2020
Philippines			2017-2020
Poland			2015-2020
Spain			2016-2020
United Kingdom			2018-2020
United States
Federal			2016-2020
State			2014-2020

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