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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2016
Income Tax Disclosure [Abstract]  
Summary of Earnings from Continuing Operations
from continuing operations are summarized below:
(in millions)
 
2016
 
2015
 
2014
(Loss) income from continuing operations before income taxes:
 
 

 
 

 
 

Domestic
 
$
(293.0
)
 
$
(184.0
)
 
$
(93.3
)
Foreign
 
24.9

 
73.0

 
72.9

Total
 
$
(268.1
)
 
$
(111.0
)
 
$
(20.4
)
Schedule of Income Tax Expense (Benefit) from Continuing Operations
Income tax provision (benefit) from continuing operations is summarized as follows:
(in millions)
 
2016
 
2015
 
2014
Current:
 
 

 
 

 
 

Federal and state
 
$
(13.0
)
 
$
(48.6
)
 
$
(41.0
)
Foreign
 
12.1

 
11.9

 
11.7

Total current
 
$
(0.9
)
 
$
(36.7
)
 
$
(29.3
)
Deferred:
 
 

 
 

 
 

Federal and state
 
$
98.7

 
$
(8.3
)
 
$
16.7

Foreign
 
2.7

 
3.9

 
(5.2
)
Total deferred
 
$
101.4

 
$
(4.4
)
 
$
11.5

Provision (benefit) for taxes on income
 
$
100.5

 
$
(41.1
)
 
$
(17.8
)
Reconciliation of the Federal Statutory Income Tax Rate to the Company's Effective Income Tax Rate for Continuing Operations
The federal statutory income tax rate is reconciled to the Company’s effective income tax rate for continuing operations for the years ended December 31, 2016, 2015 and 2014 as follows:
 
 
2016
 
2015
 
2014
Federal income tax at statutory rate
 
35.0
 %
 
35.0
 %
 
35.0
 %
State income provision (benefit)
 
2.3

 
5.7

 
16.5

Manufacturing & research incentives
 
2.0

 
(0.4
)
 
6.1

Taxes on foreign income which differ from the U.S. statutory rate
 
3.0

 
3.2

 
44.1

Adjustments for unrecognized tax benefits
 
(4.0
)
 
1.5

 
51.5

Adjustments for valuation allowances
 
(69.8
)
 
(8.5
)
 
(25.0
)
Spin-off tax costs
 
(1.3
)
 
(1.8
)
 
—

Change in assertion over permanently reinvest foreign earnings
 
—

 
—

 
(26.4
)
Other items
 
(4.7
)
 
2.3

 
(14.5
)
Effective tax rate
 
(37.5
)%
 
37.0
 %
 
87.3
 %
Schedules of Deferred Tax Assets (Liabilities)
(in millions)
 
2016
 
2015
Non-current deferred tax assets (liabilities):
 
 
 
 
   Inventories
 
$
14.2

 
$
16.2

   Accounts receivable
 
(4.6
)
 
(6.9
)
   Property, plant and equipment
 
19.0

 
(10.6
)
   Intangible assets
 
(35.9
)
 
(37.8
)
   Deferred employee benefits
 
71.8

 
77.2

   Product warranty reserves
 
6.1

 
6.9

   Product liability reserves
 
7.8

 
7.7

   Tax credits
 
4.9

 
0.4

   Loss carryforwards
 
145.4

 
102.1

   Deferred revenue
 
10.8

 
10.2

   Other
 
(1.7
)
 
(8.1
)
   Total non-current deferred tax liabilities
 
237.8

 
157.3

   Less valuation allowance
 
(269.6
)
 
(86.5
)
   Net deferred tax liabilities, non-current
 
$
(31.8
)
 
$
70.8


The net deferred tax assets (liabilities) are reflected in the Consolidated Balance Sheets for the years ended December 31, 2016 and December 31, 2015 as follows:
(in millions)
 
2016
 
2015
Long-term income tax assets, included in other non-current assets
 
$
4.8

 
$
96.4

Long-term deferred income tax liability
 
(36.6
)
 
(25.6
)
Net deferred income tax liability
 
$
(31.8
)
 
$
70.8
Schedule of Open Tax Years for Which the Company could be Subject to Income Tax Examination
The Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction, and various state and foreign jurisdictions. The following table provides the open tax years for which the Company could be subject to income tax examination by the tax authorities in its major jurisdictions:
Jurisdiction
 
Open Years
U.S. Federal
 
2012 — 2016
China
 
2007 — 2016
France
 
2013 — 2016
Germany
 
2011 — 2016
Reconciliation of the Beginning and Ending Amount of Unrecognized Tax Benefits
A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2016, 2015 and 2014 is as follows:
(in millions)
 
2016
 
2015
 
2014
Balance at beginning of year
 
$
19.4

 
$
20.8

 
$
29.5

Additions based on tax positions related to the current year
 
1.1

 
1.3

 
1.5

Additions for tax positions of prior years
 
5.0

 
0.2

 
3.2

Reductions for tax positions of prior years
 
(9.3
)
 
—

 
(2.7
)
Reductions based on settlements with taxing authorities
 
—

 
—

 
(5.0
)
Reductions for lapse of statute
 
(0.4
)
 
(2.9
)
 
(5.7
)
Balance at end of year
 
$
15.8

 
$
19.4

 
$
20.8