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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2018
Income Tax Disclosure [Abstract] |
Component of Income Taxes Expenses |
|  | Years ended December 31, |
|  | 2016 |  |  | 2017 |  |  | 2018 |
|  | (In millions) |
Pre-tax income (loss): |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | (8.2 | ) |  | $ | 26.7 |  |  | $ | (22.5 | )
Non-U.S. subsidiaries |  |  | 47.8 |  |  |  | 265.1 |  |  |  | 258.7 |
Total |  | $ | 39.6 |  |  | $ | 291.8 |  |  | $ | 236.2 |
Expected tax expense (benefit) at U.S. federal statutory income tax rate of 35% in 2016 and 2017 and 21% in 2018 |  | $ | 13.8 |  |  | $ | 102.1 |  |  | $ | 49.6 |
Non-U.S. tax rates |  |  | (4.3 | ) |  |  | (13.1 | ) |  |  | 20.8 |
Incremental net tax expense (benefit) on earnings and losses of non-U.S. and non-tax group companies |  |  | 8.2 |  |  |  | 14.8 |  |  |  | (167.8 | )
Valuation allowance |  |  | (2.2 | ) |  |  | (205.4 | ) |  |  | — |
Transition tax |  |  | — |  |  |  | 76.2 |  |  |  | (2.1 | )
Global intangible low-tax income, net |  |  | — |  |  |  | — |  |  |  | 4.0 |
Change in federal tax rate |  |  | — |  |  |  | (77.1 | ) |  |  | 60.6 |
Change in state tax rate |  |  | — |  |  |  | — |  |  |  | (1.8 | )
U.S. state income taxes, net |  |  | 1.7 |  |  |  | 3.5 |  |  |  | .6 |
Adjustment to the reserve for uncertain tax positions, net |  |  | 7.2 |  |  |  | (18.2 | ) |  |  | 4.1 |
Nondeductible expenses |  |  | 1.9 |  |  |  | 2.2 |  |  |  | 3.0 |
Canada – Germany APA |  |  | — |  |  |  | — |  |  |  | (1.4 | )
U.S. – Canada APA |  |  | (3.4 | ) |  |  | — |  |  |  | — |
Domestic production activities deduction |  |  | (3.8 | ) |  |  | (3.8 | ) |  |  | — |
Other, net |  |  | (.5 | ) |  |  | (1.2 | ) |  |  | (.3 | )
Provision for income taxes (benefit) |  | $ | 18.6 |  |  | $ | (120.0 | ) |  | $ | (30.7 | )
Components of income tax expense (benefit): |  |  |  |  |  |  |  |  |  |  |  |
Currently payable (refundable): |  |  |  |  |  |  |  |  |  |  |  |
U.S. federal and state |  | $ | 35.5 |  |  | $ | 87.3 |  |  | $ | 34.1 |
Non-U.S. |  |  | 9.5 |  |  |  | 38.5 |  |  |  | 51.1 |
Total |  |  | 45.0 |  |  |  | 125.8 |  |  |  | 85.2 |
Deferred income taxes (benefit): |  |  |  |  |  |  |  |  |  |  |  |
U.S. federal and state |  |  | (29.1 | ) |  |  | (96.9 | ) |  |  | (145.5 | )
Non-U.S. |  |  | 2.7 |  |  |  | (148.9 | ) |  |  | 29.6 |
Total |  |  | (26.4 | ) |  |  | (245.8 | ) |  |  | (115.9 | )
Provision for income taxes (benefit) |  | $ | 18.6 |  |  | $ | (120.0 | ) |  | $ | (30.7 | )
Comprehensive provision for income taxes (benefit) allocable to: |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | 18.6 |  |  | $ | (120.0 | ) |  | $ | (30.7 | )
Discontinued operations |  |  | (12.6 | ) |  |  | (67.1 | ) |  |  | 23.7 |
Retained earnings-change in accounting principle |  |  | — |  |  |  | — |  |  |  | 1.1 |
Other comprehensive income (loss): |  |  |  |  |  |  |  |  |  |  |  |
Marketable securities |  |  | 2.1 |  |  |  | 2.8 |  |  |  | — |
Currency translation |  |  | (3.4 | ) |  |  | 31.1 |  |  |  | (4.2 | )
Pension plans |  |  | (5.0 | ) |  |  | 8.6 |  |  |  | (4.7 | )
Other |  |  | (.5 | ) |  |  | (.6 | ) |  |  | (.4 | )
Interest rate swap |  |  | .2 |  |  |  | 1.6 |  |  |  | — |
Total |  | $ | (.6 | ) |  | $ | (143.6 | ) |  | $ | (15.2 | )
Components of Net Deferred Tax Asset (Liability) | The components of the net deferred tax liability at December 31, 2017 and 2018 are summarized below.
|  | December 31, |
|  | 2017 |  |  | 2018 |
|  | Assets |  |  | Liabilities |  |  | Assets |  |  | Liabilities |
|  | (In millions) |
Tax effect of temporary differences related to: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Inventories |  | $ | 3.3 |  |  | $ | (.8 | ) |  | $ | 4.7 |  |  | $ | (3.3 | )
Marketable securities |  |  | — |  |  |  | (25.4 | ) |  |  | — |  |  |  | (.2 | )
Property and equipment |  |  | .1 |  |  |  | (71.8 | ) |  |  | — |  |  |  | (69.0 | )
Accrued OPEB costs |  |  | 3.0 |  |  |  | — |  |  |  | 2.8 |  |  |  | — |
Accrued pension costs |  |  | 70.9 |  |  |  | — |  |  |  | 75.5 |  |  |  | — |
Accrued environmental liabilities |  |  | 28.8 |  |  |  | — |  |  |  | 35.8 |  |  |  | — |
Other deductible differences |  |  | 11.7 |  |  |  | — |  |  |  | 10.3 |  |  |  | — |
Other taxable differences |  |  | — |  |  |  | (14.0 | ) |  |  | — |  |  |  | (13.2 | )
Investments in subsidiaries and affiliates |  |  | 2.7 |  |  |  | (175.8 | ) |  |  | 2.6 |  |  |  | (58.8 | )
Tax on unremitted earnings of non-U.S. subsidiaries |  |  | — |  |  |  | (9.5 | ) |  |  | — |  |  |  | (11.3 | )
Tax loss and tax credit carryforwards |  |  | 116.2 |  |  |  | — |  |  |  | 93.9 |  |  |  | — |
Valuation allowance |  |  | (2.8 | ) |  |  | — |  |  |  | (10.0 | ) |  |  | — |
Adjusted gross deferred tax assets (liabilities) |  |  | 233.9 |  |  |  | (297.3 | ) |  |  | 215.6 |  |  |  | (155.8 | )
Netting of items by tax jurisdiction |  |  | (114.1 | ) |  |  | (114.1 | ) |  |  | (114.6 | ) |  |  | (114.6 | )
Net noncurrent deferred tax asset (liability) |  | $ | 119.8 |  |  | $ | (183.2 | ) |  | $ | 101.0 |  |  | $ | (41.2 | )
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 2016, 2017 and 2018:
|  | Years ended December 31, |
|  | 2016 |  |  | 2017 |  |  | 2018 |
|  | (In millions) |
Unrecognized tax benefits: |  |  |  |  |  |  |  |  |  |  |  |
Amount beginning of year |  | $ | 28.8 |  |  | $ | 35.6 |  |  | $ | 17.1 |
Net increase (decrease): |  |  |  |  |  |  |  |  |  |  |  |
Tax positions taken in prior periods |  |  | (.6 | ) |  |  | (13.3 | ) |  |  | 1.3 |
Tax positions taken in current period |  |  | 11.0 |  |  |  | 4.5 |  |  |  | 4.5 |
Lapse due to applicable statute of limitations |  |  | (1.6 | ) |  |  | (8.1 | ) |  |  | (1.8 | )
Settlement with taxing authorities |  |  | (2.3 | ) |  |  | (2.3 | ) |  |  | — |
Changes in currency exchange rates |  |  | .3 |  |  |  | .7 |  |  |  | (.1 | )
Amount at end of year |  | $ | 35.6 |  |  | $ | 17.1 |  |  | $ | 21.0 |

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