v3.7.0.1

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

		2016				2015				2014
		(In millions)
Income (loss) before income taxes:
Domestic		$	53.5				97.8				(8.8	)
Foreign			81.8				76.1				63.0
		$	135.3				173.9				54.2
Provision (benefit) for income taxes:
Currently payable:
Federal		$	21.9				31.7				43.8
Foreign			27.5				23.6				18.8
State and local			2.9				8.4				7.0
			52.3				63.7				69.6
Deferred:
Federal			(9.3	)			(14.3	)			(81.5	)
Foreign			(4.5	)			4.0				(0.4	)
State and local			(0.1	)			(5.3	)			(6.8	)
			(13.9	)			(15.6	)			(88.7	)
Total income tax expense (benefit)		$	38.4				48.1				(19.1	)

Components of Deferred Taxes

The components of deferred taxes as of December 31 were as follows:

		2016				2015
		(In millions)
Deferred tax assets:
Inventories		$	4.3				4.6
Property and equipment			3.1				3.0
Accrued liabilities and other long-term liabilities			14.1				13.0
Net operating losses			17.9				12.9
Capitalized transactions costs			7.0				5.5
Defined benefit pension plans			11.9				6.6
Stock-based compensation			14.2				14.2
Other			6.0				11.2
			78.5				71.0
Valuation allowance			(15.3	)			(11.8	)
			63.2				59.2
Deferred tax liabilities:
Property and equipment			90.1				91.2
Intangible assets			169.6				181.7
Investments in foreign subsidiaries			3.9				2.2
Debt issuance costs			2.0				5.0
Other			13.9				8.7
			279.5				288.8
Net deferred tax liability		$	216.3				229.6

The balance sheet presentation of net deferred tax liability follows:

		2016				2015
		(In millions)
Assets:
Deferred income taxes		$	7.4				1.7
Liabilities:
Deferred income taxes			223.7				231.3
Net deferred tax liability		$	216.3				229.6

Reconciliation of Tax Computed at Statutory Rate to Provision for Income Taxes Allocated to Income from Continuing Operations

The following is a reconciliation of tax computed at the U.S. federal statutory rate to the provision for income taxes allocated to income from continuing operations:

		2016				2015				2014
		(In millions)
U.S. federal statutory rate			35	%			35	%			35	%
Tax at U.S. federal statutory rate		$	47.3				60.9				19.0
Lower effective foreign tax rate			(7.7	)			(6.9	)			(6.1	)
Change in valuation allowance			3.6				2.4				4.8
Nondeductible transaction/other expenses			3.1				1.7				3.6
Non-taxable income			(2.8	)			(2.6	)			(2.9	)
Foreign tax credit - net			(2.6	)			—				—
Tax holidays, credits and incentives			(2.5	)			(1.4	)			(4.7	)
Domestic production activities deduction			(2.3	)			(3.6	)			(2.3	)
Changes in unrecognized tax benefits			(1.9	)			0.6				(2.2	)
Deferred tax on outside basis of foreign shares			1.8				(3.0	)			(31.6	)
State and local taxes, net of federal tax benefit			1.1				4.3				(1.4	)
Changes in prior-year estimates			0.4				(4.2	)			2.6
Other, net			0.9				(0.1	)			(2.2	)
Goodwill impairment			—				—				4.3
Income tax expense (benefit)		$	38.4				48.1				(19.1	)

Reconciliation of Total Amounts of Unrecognized Tax Benefits

A reconciliation of the total amounts of unrecognized tax benefits for the years ended December 31 follows:

		2016				2015				2014
		(In millions)
Beginning balance		$	7.2				7.4				9.6
Additions to tax positions related to the current period			0.5				0.3				0.3
Additions to tax positions related to the prior period			0.2				0.4				0.3
Reductions in tax positions resulting from settlements    with taxing authorities			(3.5	)			—				(1.3	)
Reductions in tax positions resulting from a lapse of the    statute of limitations			(0.1	)			—				(0.2	)
Other			(0.2	)			(0.9	)			(1.3	)
Ending balance		$	4.1				7.2				7.4

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 55
-Paragraph 217
-URI http://asc.fasb.org/extlink&oid=75116239&loc=d3e36027-109320

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15A
-URI http://asc.fasb.org/extlink&oid=65882285&loc=SL6600010-109319

+ Details

Name:	us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration