XML 1077 R72.htm IDEA: XBRL DOCUMENT v2.4.0.8
Income Taxes (Details 3) (USD $)
In Millions, unless otherwise specified
1 Months Ended 12 Months Ended
Feb. 28, 2014
Nov. 30, 2011
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Income Tax Disclosure [Abstract]            
Amount of unrecognized tax benefits     $ 84.4 $ 88.6 $ 69.3  
Amount of unrecognized tax benefits, excluding interest and penalties     80.3 83.1 62.4  
Roll forward of uncertain tax positions            
Additions for current year tax positions     6.3 3.4 0.6  
Additions for prior year tax positions     6.4 22.0 0.5  
Reductions for prior year tax positions and reclassifications   (10.6) (9.6) (0.8) [1],[2] (17.8) [3],[4]  
Settlements       (1.0) (0.1) [4]  
Reductions for expirations of statute of limitations     (5.9) (2.9)    
Balance at the end of the period     80.3 83.1 62.4 79.2
Amount of uncertain tax position reversed   (10.6) (9.6) (0.8) [1],[2] (17.8) [3],[4]  
Material change to aggregate recorded liabilities for uncertain tax positions in the next twelve months            
Change in Federal Deferred Tax Assets, Year Over Year     123.8      
Amount of Uncertain Tax Position Reclassified to Income Taxes Payable         6.7  
Period in Which Liability for Unrecognized Tax Benefits Could Decrease     0 years 12 months      
Net Operating Losses From Emergence 670          
Unrecognized tax benefits, net of indemnification     79.5 82.1    
Indemnification assets that would be indemnified by a third party     0.8 1.0    
Accrued interest and penalties related to uncertain tax positions     4.1 5.5 6.9  
US Federal Income Tax Deduction Upon Settlement of Warrant Held by Asbestos Trusts     490      
US Federal Income Tax Deduction Upon Payment of Deferred Payment Obligations     1,580      
Change in Net Deferred Tax Assets, Year Over Year     98.1      
Examination issues and settlements with U.S. federal, state, and foreign tax authorities
           
Material change to aggregate recorded liabilities for uncertain tax positions in the next twelve months            
Decrease in unrecognized tax benefits during the next 12 months     $ 68      
[1] In 2012, $1.0 million of uncertain tax positions representing withholding taxes due were paid as a result of the completion of Grace's Canadian audit for the years 2002, 2003, and 2004.
[2] In 2013, $9.6 million of uncertain tax positions representing agreed adjustments resulting from the 2007-2009 IRS examination were reclassified to income taxes payable.
[3] On November 3, 2011, Grace received notice from the Canadian Revenue Agency that they had completed a review of Grace's Canadian transfer pricing for the years 2002, 2003, and 2004. As a result, Grace reversed $10.6 million of uncertain tax positions because they were effectively settled pursuant to ASC 740-10-25. A tax matter is effectively settled through examination when the taxing authority has completed an examination; the entity does not intend to appeal or litigate any aspect of a particular tax position for the completed examination; and based on a tax authority's widely understood policy, the entity considers it remote that the taxing authority would subsequently examine or reexamine any of the positions once the examination process is completed.
[4] In 2011, $6.7 million of uncertain tax positions representing pre-petition federal and state settlements were reclassified to income taxes payable.