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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2019
Income Tax Disclosure [Abstract] |
Summary of Income (Loss) from Continuing Operations Before Income Taxes | Income (loss) from continuing operations before income taxes for the years ended December 31, 2019, 2018 and 2017 is summarized as follows:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Income (loss) from continuing operations before income taxes: |  |  |  |  |  |  |  |  |  |  |  |
U.S. |  | $ | (10.0 | ) |  | $ | (76.4 | ) |  | $ | (98.5 | )
Non-U.S. |  |  | 69.0 |  |  |  | 4.7 |  |  |  | 59.0 |
Total |  | $ | 59.0 |  |  | $ | (71.7 | ) |  | $ | (39.5 | )
Schedule of Income Tax Expense (Benefit) | Income tax provision (benefit) for the years ended December 31, 2019, 2018 and 2017 is summarized as follows:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Current: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Federal and state |  | $ | (0.7 | ) |  | $ | (7.3 | ) |  | $ | (12.8 | )
Non-U.S. |  |  | 11.6 |  |  |  | 13.6 |  |  |  | 7.4 |
Total current |  | $ | 10.9 |  |  | $ | 6.3 |  |  | $ | (5.4 | )
Deferred: |  |  |  |  |  |  |  |  |  |  |  |
U.S. Federal and state |  | $ | 0.2 |  |  | $ | (6.2 | ) |  | $ | (7.0 | )
Non-U.S. |  |  | 1.3 |  |  |  | (4.9 | ) |  |  | (37.1 | )
Total deferred |  | $ | 1.5 |  |  | $ | (11.1 | ) |  | $ | (44.1 | )
Income tax provision (benefit) |  | $ | 12.4 |  |  | $ | (4.8 | ) |  | $ | (49.5 | )
Reconciliation of the U.S. Federal Statutory Income Tax Rate to the Company's Effective Income Tax Rate for Continuing Operations | The U.S. federal statutory income tax rate is reconciled to the Company’s effective income tax rate for continuing operations for the years ended December 31, 2019, 2018 and 2017 as follows:
|  | 2019 |  |  | 2018 |  |  | 2017 |
U.S. federal income tax at statutory rate |  |  | 21.0 | % |  |  | 21.0 | % |  |  | 35.0 | %
U.S. state income tax provision |  |  | (0.2 | ) |  |  | 4.3 |  |  |  | 16.3 |
Manufacturing & research incentives |  |  | (5.2 | ) |  |  | 2.4 |  |  |  | 7.9 |
Taxes on non-U.S. income which differ from the U.S. statutory rate |  |  | (4.4 | ) |  |  | (3.2 | ) |  |  | 41.5 |
Adjustments for unrecognized tax benefits |  |  | (2.2 | ) |  |  | 9.6 |  |  |  | 0.5 |
Adjustments for valuation allowances |  |  | 7.6 |  |  |  | (1.8 | ) |  |  | 287.7 |
U.S. Tax Reform |  |  | 6.9 |  |  |  | 2.5 |  |  |  | (228.3 | )
Goodwill impairment |  |  | — |  |  |  | (24.6 | ) |  |  | — |
Other items |  |  | (2.5 | ) |  |  | (3.6 | ) |  |  | (35.4 | )
Effective income tax rate |  |  | 21.0 | % |  |  | 6.6 | % |  |  | 125.2 | %
Schedules of Deferred Tax Assets (Liabilities) | Temporary differences and carryforwards that give rise to deferred tax assets and liabilities include the following items:
|  | 2019 |  |  | 2018 |
Non-current deferred income tax assets (liabilities): |  |  |  |  |  |  |  |
Inventories |  | $ | 24.3 |  |  | $ | 22.7 |
Accounts receivable |  |  | (3.7 | ) |  |  | (4.2 | )
Property, plant and equipment |  |  | (8.2 | ) |  |  | (14.0 | )
Intangible assets |  |  | (34.1 | ) |  |  | (34.8 | )
Deferred employee benefits |  |  | 39.8 |  |  |  | 40.7 |
Product warranty reserves |  |  | 8.6 |  |  |  | 6.6 |
Product liability reserves |  |  | 3.0 |  |  |  | 4.0 |
Tax credits |  |  | 5.4 |  |  |  | 7.1 |
Loss and other tax attribute carryforwards |  |  | 125.7 |  |  |  | 137.8 |
Deferred revenue |  |  | 5.8 |  |  |  | 5.1 |
Other |  |  | 11.9 |  |  |  | 4.2 |
Total non-current deferred income tax assets |  |  | 178.5 |  |  |  | 175.2 |
Less valuation allowance |  |  | (157.1 | ) |  |  | (153.1 | )
Net deferred income tax assets, non-current |  | $ | 21.4 |  |  | $ | 22.1 |
The net deferred tax assets are reflected in the Consolidated Balance Sheets for the years ended December 31, 2019 and 2018 as follows:
|  | 2019 |  |  | 2018 |
Long-term income tax assets, included in other non-current assets |  | $ | 26.9 |  |  | $ | 27.8 |
Long-term deferred income tax liability |  |  | (5.5 | ) |  |  | (5.7 | )
Net deferred income tax asset |  | $ | 21.4 |  |  | $ | 22.1 |
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, U.S. state and non-U.S. 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 |  | 2016 — 2019
China |  | 2009 — 2019
France |  | 2016 — 2019
Germany |  | 2015 — 2019
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, 2019, 2018 and 2017 is as follows:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Balance at beginning of year |  | $ | 12.8 |  |  | $ | 19.5 |  |  | $ | 21.5 |
Additions based on tax positions related to the current year |  |  | 0.5 |  |  |  | 0.3 |  |  |  | 0.9 |
Additions for tax positions of prior years |  |  | 0.3 |  |  |  | 0.5 |  |  |  | 4.9 |
Reductions for tax positions of prior years |  |  | — |  |  |  | (1.7 | ) |  |  | (0.5 | )
Reductions based on settlements with taxing authorities |  |  | (0.6 | ) |  |  | (0.6 | ) |  |  | (6.7 | )
Reductions for lapse of statute |  |  | (1.5 | ) |  |  | (5.2 | ) |  |  | (0.6 | )
Balance at end of year |  | $ | 11.5 |  |  | $ | 12.8 |  |  | $ | 19.5 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319 + Details
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