Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of income before income tax

Income (loss) before income taxes for the Company’s U.S. and non-U.S. operations was as follows:

(In millions)	2017			2016			2015
U.S.	$	(119.8	)	$	(782.1	)	$	(534.6	)
Non-U.S.	33.3			48.1			56.6
Loss before income taxes	$	(86.5	)	$	(734.0	)	$	(478.0	)

Schedule income tax provision (benefit)

The income tax provision (benefit) was as follows:

(in millions)	2017			2016			2015
Current:
Federal	$	(0.8	)	$	0.5		$	(60.7	)
State	(1.3		)	(1.5		)	(0.4		)
Foreign	6.2			14.4			9.4
Total	4.1			13.4			(51.7		)
Deferred:
Federal	2.4			(115.8		)	(90.9		)
State	(14.4		)	(3.5		)	30.4
Foreign	1.1			(1.0		)	0.1
Total	(10.9		)	(120.3		)	(60.4		)
Income tax benefit	$	(6.8	)	$	(106.9	)	$	(112.1	)

Schedule of effective income tax rate reconciliation

The following is a reconciliation of income taxes computed at the statutory U.S. Federal income tax rate to the actual effective income tax benefit:

(In millions)	2017			2016			2015
Taxes computed at the federal rate	$	(30.3	)	$	(256.9	)	$	(167.3	)
Goodwill impairment	36.6			—			—
State and local income taxes, net of federal tax benefit	—			(26.8		)	(20.6		)
Valuation allowance	(14.5		)	171.5			74.5
Repatriation of foreign earnings	14.2			2.1			13.4
Change in federal tax rate and law change	(4.1		)	—			—
Foreign earnings taxed at different rate	(7.2		)	(5.3		)	(11.2		)
Adjustment to prior years’ taxes	(5.2		)	3.4			(5.4		)
Foreign exchange differences	2.6			—			—
Withholding taxes	2.2			—			—
Other	(1.1		)	5.1			4.5
Income tax benefit	$	(6.8	)	$	(106.9	)	$	(112.1	)

Schedule of income taxes paid

Income taxes paid and amounts received as refunds were as follows:

(In millions)	2017			2016			2015
Income taxes paid	$	10.4		$	8.6		$	10.8
Income tax refunds received	(7.1		)	(10.5		)	(63.3		)
Income taxes paid (received), net	$	3.3		$	(1.9	)	$	(52.5	)

Schedule of deferred tax assets and liabilities

The categories of assets and liabilities that have resulted in differences in the timing of the recognition of income and expense at December 31, 2017 and 2016 were as follows:

(in millions)	2017			2016
Deferred income tax assets
Pensions	$	158.0		$	294.9
Postretirement benefits other than pensions	86.5			129.5
Net operating loss tax carryovers	336.1			407.8
Tax credits	92.6			56.7
Deferred compensation and other benefit plans	13.8			25.7
Other items	55.9			107.4
Gross deferred income tax assets	742.9			1,022.0
Valuation allowance for deferred tax assets	(274.0		)	(291.4		)
Total deferred income tax assets	468.9			730.6
Deferred income tax liabilities
Bases of property, plant and equipment	375.3			547.1
Inventory valuation	50.0			77.6
Bases of amortizable intangible assets	38.7			65.6
Other items	7.0			43.9
Total deferred tax liabilities	471.0			734.2
Net deferred tax liability	$	(2.1	)	$	(3.6	)

Schedule of changes in unrecognized income tax benefits

The changes in the liability for unrecognized income tax benefits for the years ended December 31, 2017, 2016 and 2015 were as follows:

(in millions)	2017			2016			2015
Balance at beginning of year	$	22.7		$	19.6		$	76.8
Increases in prior period tax positions	—			7.9			4.3
Decreases in prior period tax positions	(0.7		)	(0.1		)	(0.2		)
Increases in current period tax positions	0.7			0.6			1.3
Expiration of the statute of limitations	(0.4		)	(1.1		)	(0.5		)
Settlements	(7.6		)	(4.2		)	(62.1		)
Balance at end of year	$	14.7		$	22.7		$	19.6

Summary of income tax examinations

A summary of tax years that remain subject to examination, by major tax jurisdiction, is as follows:

Jurisdiction	Earliest Year Open to Examination
U.S. Federal	2016
States:
Pennsylvania	2014
Foreign:
China	2014
Poland	2011
United Kingdom	2015

Schedule of NOL's and tax credits

The following summarizes the carryforward periods for the tax attributes related to net operating losses (NOL) and credits by jurisdiction.

($ in millions)
Jurisdiction	Attribute	Amount	Expiration Period	Amount expiring within 5 years	Amount expiring in 5-20 years
U.S.	NOL	$980	20 years	$—	$980
U.S.	Foreign Tax Credit	$65	10 years	$19	$46
U.S.	Research and Development Credit	$11	20 years	$—	$11
State	NOL	$168	Various	$19	$149
State	Credits	$23	Various	$5	$18
U.K.	NOL	$6	Indefinite	$—	$—
Luxembourg	NOL	$19	Indefinite	$—	$—
Poland	Economic Zone Credit	$12	9 years	$—	$12