XML 49 R39.htm IDEA: XBRL DOCUMENT

Income Taxes (Tables)

6 Months Ended

Jun. 30, 2018

Income Tax Disclosure [Abstract]

Component of Income Taxes Expenses

	Three months ended June 30,								Six months ended June 30,
	2017				2018				2017				2018
	(In millions)
Expected tax expense, at U.S. federal statutory income tax rate of 35% in 2017 and 21% in 2018	$	21.9			$	8.8			$	36.6			$	31.2
Incremental net tax on earnings and losses of non-U.S., U.S. and non-tax group companies		37.1				4.9				48.3				9.0
Non-U.S. tax rates		(2.3	)			7.9				(4.7	)			14.9
Valuation allowance		(157.6	)			1.7				(162.6	)			2.0
Adjustment to the reserve for uncertain tax positions, net		.6				.3				1.1				1.9
Canada – Germany APA		—				—				—				(1.4	)
Nondeductible expenses		.3				.3				.7				.7
Domestic production activities deduction		(1.5	)			—				(2.1	)			—
U.S. state income taxes and other, net		.7				(1.9	)			.6				(.1	)
Income tax expense (benefit)	$	(100.8	)		$	22.0			$	(82.2	)		$	58.2

Comprehensive provision for income taxes (benefit) allocable to:
Income from continuing operations	$	(100.8	)		$	22.0			$	(82.2	)		$	58.2
Discontinued operations		(66.4	)			(.4	)			(67.2	)			19.8
Retained earnings – change in accounting principle		—				—				—				1.1
Other comprehensive income (loss):
Currency translation		16.3				(3.3	)			18.1				(1.9	)
Pension plans		2.2				1.5				3.1				3.0
OPEB plans		(.1	)			(.1	)			(.2	)			(.2	)
Marketable securities		(.4	)			—				(.5	)			—
Interest rate swap		(.3	)			—				.1				—
Total	$	(149.5	)		$	19.7			$	(128.8	)		$	80.0