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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2015
Income Tax Disclosure [Abstract] |
Component of Income Taxes Expenses |
|  | Years ended December 31, |
|  | 2013 |  |  | 2014 |  |  | 2015 |
|  | (In millions) |
Pre-tax income (loss): |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | (70.4 | ) |  | $ | 40.1 |  |  | $ | (35.3 | )
Non-U.S. subsidiaries |  |  | (147.5 | ) |  |  | 71.9 |  |  |  | (38.5 | )
Total |  | $ | (217.9 | ) |  | $ | 112.0 |  |  | $ | (73.8 | )
Expected tax expense (benefit) at U.S. federal statutory income tax rate of 35% |  | $ | (76.3 | ) |  | $ | 39.2 |  |  | $ | (25.8 | )
Non-U.S. tax rates |  |  | 4.3 |  |  |  | (4.1 | ) |  |  | .6 |
Incremental net benefit on earnings (losses) of non-U.S. and U.S. subsidiaries |  |  | (18.5 | ) |  |  | (2.2 | ) |  |  | (37.6 | )
Valuation allowance |  |  | — |  |  |  | — |  |  |  | 159.0 |
U.S. state income taxes, net |  |  | (3.4 | ) |  |  | 4.1 |  |  |  | (1.3 | )
Adjustment to the reserve for uncertain tax positions, net |  |  | 2.1 |  |  |  | (3.7 | ) |  |  | .8 |
Nondeductible expenses |  |  | 2.9 |  |  |  | 2.8 |  |  |  | 3.0 |
Tax rate changes |  |  | (.2 | ) |  |  | — |  |  |  | — |
Other, net |  |  | (1.9 | ) |  |  | (3.6 | ) |  |  | (1.4 | )
Provision for income taxes (benefit) |  | $ | (91.0 | ) |  | $ | 32.5 |  |  | $ | 97.3 |
Components of income tax expense (benefit): |  |  |  |  |  |  |  |  |  |  |  |
Currently payable (refundable): |  |  |  |  |  |  |  |  |  |  |  |
U.S. federal and state |  | $ | 9.1 |  |  | $ | 7.4 |  |  | $ | 7.6 |
Non-U.S. |  |  | (1.2 | ) |  |  | 15.2 |  |  |  | 3.3 |
Total |  |  | 7.9 |  |  |  | 22.6 |  |  |  | 10.9 |
Deferred income taxes (benefit): |  |  |  |  |  |  |  |  |  |  |  |
U.S. federal and state |  |  | (57.9 | ) |  |  | 3.8 |  |  |  | (58.5 | )
Non-U.S. |  |  | (41.0 | ) |  |  | 6.1 |  |  |  | 144.9 |
Total |  |  | (98.9 | ) |  |  | 9.9 |  |  |  | 86.4 |
Provision for income taxes (benefit) |  | $ | (91.0 | ) |  | $ | 32.5 |  |  | $ | 97.3 |
Comprehensive provision for income taxes (benefit) allocable to: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) |  | $ | (91.0 | ) |  | $ | 32.5 |  |  | $ | 97.3 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |
Marketable securities |  |  | 5.1 |  |  |  | (11.3 | ) |  |  | (4.1 | )
Currency translation |  |  | 5.5 |  |  |  | (16.9 | ) |  |  | (17.3 | )
Pension plans |  |  | 14.1 |  |  |  | (33.2 | ) |  |  | 4.1 |
OPEB plans |  |  | 1.0 |  |  |  | (1.2 | ) |  |  | (.4 | )
Interest rate swap |  |  | — |  |  |  | — |  |  |  | (1.7 | )
Total |  | $ | (65.3 | ) |  | $ | (30.1 | ) |  | $ | 77.9 |
Components of Net Deferred Tax Liability | The components of the net deferred tax liability at December 31, 2014 and 2015 are summarized below. See Note 20.
|  | December 31, |
|  | 2014 |  |  | 2015 |
|  | Assets |  |  | Liabilities |  |  | Assets |  |  | Liabilities |
|  | (In millions) |
Tax effect of temporary differences related to: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Inventories |  | $ | 5.4 |  |  | $ | (5.2 | ) |  | $ | 3.7 |  |  | $ | (3.7 | )
Marketable securities |  |  | — |  |  |  | (126.4 | ) |  |  | — |  |  |  | (98.2 | )
Property and equipment |  |  | — |  |  |  | (109.2 | ) |  |  | — |  |  |  | (96.6 | )
Accrued OPEB costs |  |  | 4.8 |  |  |  | — |  |  |  | 4.0 |  |  |  | — |
Accrued pension costs |  |  | 52.0 |  |  |  | — |  |  |  | 44.0 |  |  |  | — |
Currency revaluation on intercompany debt |  |  | 5.6 |  |  |  | — |  |  |  | 18.6 |  |  |  | — |
Accrued environmental liabilities |  |  | 38.8 |  |  |  | — |  |  |  | 39.9 |  |  |  | — |
Other deductible differences |  |  | 34.7 |  |  |  | — |  |  |  | 45.7 |  |  |  | — |
Other taxable differences |  |  | — |  |  |  | (21.6 | ) |  |  | — |  |  |  | (21.7 | )
Investments in subsidiaries and affiliates |  |  | — |  |  |  | (278.7 | ) |  |  | — |  |  |  | (238.8 | )
Tax on unremitted earnings of non-U.S. subsidiaries |  |  | — |  |  |  | (2.6 | ) |  |  | — |  |  |  | (2.0 | )
Tax loss and tax credit carryforwards |  |  | 163.6 |  |  |  | — |  |  |  | 154.3 |  |  |  | — |
Valuation allowance |  |  | (.1 | ) |  |  | — |  |  |  | (168.9 | ) |  |  | — |
Adjusted gross deferred tax assets (liabilities) |  |  | 304.8 |  |  |  | (543.7 | ) |  |  | 141.3 |  |  |  | (461.0 | )
Netting of items by tax jurisdiction |  |  | (143.9 | ) |  |  | 143.9 |  |  |  | (140.0 | ) |  |  | (140.0 | )
Net noncurrent deferred tax asset (liability) |  | $ | 160.9 |  |  | $ | (399.8 | ) |  | $ | 1.3 |  |  | $ | (321.0 | )
Changes in Uncertain Tax Positions | The following table shows the changes in the amount of our uncertain tax positions (exclusive of the effect of interest and penalties) during 2013, 2014 and 2015:
|  | Years ended December 31, |
|  | 2013 |  |  | 2014 |  |  | 2015 |
|  | (In millions) |
Unrecognized tax benefits: |  |  |  |  |  |  |  |  |  |  |  |
Amount beginning of year |  | $ | 33.4 |  |  | $ | 47.9 |  |  | $ | 30.1 |
Net increase (decrease): |  |  |  |  |  |  |  |  |  |  |  |
Tax positions taken in prior periods |  |  | .5 |  |  |  | (19.6 | ) |  |  | (.4 | )
Tax positions taken in current period |  |  | 11.3 |  |  |  | 3.6 |  |  |  | 6.4 |
Lapse due to applicable statute of limitations |  |  | 3.4 |  |  |  | (.7 | ) |  |  | (6.0 | )
Acquisition of BMI and LandWell |  |  | .1 |  |  |  | — |  |  |  | — |
Changes in currency exchange rates |  |  | (.8 | ) |  |  | (1.1 | ) |  |  | (1.3 | )
Amount at end of year |  | $ | 47.9 |  |  | $ | 30.1 |  |  | $ | 28.8 |

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