Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Taxes

Schedule of income taxes relating to income from continuing operations

	Year Ended December 31,
	2016		2015		2014
Current:
Federal	$	(47.2)	$	61.8	$	51.2
State and local		4.7		11.5		7.9
Foreign		41.0		40.1		43.5
Total current	$	(1.5)	$	113.4	$	102.6
Deferred:
Federal		140.6		40.1		42.9
State and local		22.3		8.4		9.3
Foreign		(0.7)		(3.9)		(1.7)
Total deferred	$	162.2	$	44.6	$	50.5
Income taxes relating to continuing operations	$	160.7	$	158.0	$	153.1

Schedule of reconciliation of income taxes from continuing operations at federal statutory rate

	Year Ended December 31,
	2016		2015		2014
Income taxes relating to continuing operations at federal statutory rate of 35%	$	177.8	$	172.2	$	160.3
State and local income taxes, net of federal taxes		14.7		13.3		11.0
Non-U.S. income taxed at other rates		(26.8)		(27.4)		(17.7)
Other		(5.0)		(0.1)		(0.5)
Income taxes relating to continuing operations	$	160.7	$	158.0	$	153.1

Schedule of components of deferred tax assets and liabilities

	2016		2015
Deferred Tax Assets
Accrued liabilities	$	71.4	$	67.5
Net operating loss carryforwards		32.4		17.9
Other		18.7		26.2
Total deferred tax assets		122.5		111.6
Valuation allowance		(17.2)		(17.3)
Net deferred tax assets		105.3		94.3
Deferred Tax Liabilities
Depreciation and amortization		(210.9)		(198.1)
Partnership investments		(448.1)		(285.5)
Convertible notes		(5.0)		(7.5)
Other		(5.9)		(6.1)
Total deferred tax liabilities		(669.9)		(497.2)
Net deferred tax liabilities	$	(564.6)	$	(402.9)

Schedule of movement in uncertain tax positions

	2016		2015		2014
Uncertain tax positions — January 1	$	12.8	$	13.1	$	14.0
Gross increase — tax position in prior periods		0.2		0.2		0.2
Gross decrease — tax position in prior periods		(0.3)		—		(0.6)
Gross increase — current period tax position		—		—		0.1
Settlements		(7.8)		—		—
Lapse in statute of limitations		—		—		—
Foreign exchange		(1.5)		(0.5)		(0.6)
Uncertain tax positions — December 31	$	3.4	$	12.8	$	13.1