XML 94 R69.htm IDEA: XBRL DOCUMENT v3.10.0.1
Income Taxes (Details) - USD ($)
$ in Millions
12 Months Ended 24 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2018
Income before income taxes:        
Domestic $ 82.2 $ 28.3 $ 72.7  
Foreign 162.7 182.6 93.3  
Income (loss) from continuing operations before income taxes 244.9 210.9 166.0  
Provision for income taxes:        
Federal-current (4.9)      
Federal-deferred (29.3) (144.6) (11.8)  
State and local-current 1.6 0.2 (0.7)  
State and local - deferred (3.5) (1.7) (17.7)  
Foreign-current (49.9) (50.8) (36.6)  
Foreign-deferred 7.9 (3.6) 7.8  
(Provision for) benefit from income taxes $ (78.1) $ (200.5) $ (59.0)  
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 21.00% 35.00% 35.00%  
Income tax provision analysis        
Tax provision at U.S. federal income tax rate $ (51.4) $ (73.8) $ (58.1)  
Effective Income Tax Rate Reconciliation, Tax Reform, Amount (17.1) 143.0 0.0 $ 125.9
Change in provision resulting from:        
Effective Income Tax Rate Reconciliation, GILTI, Amount (24.1) 0.0 0.0  
Effective Income Tax Rate Reconciliation, Tax Reform, Amount 17.1 (143.0) 0.0 (125.9)
Effect of tax rates in foreign jurisdictions (11.3) 13.3 6.8  
Research and development credit 9.4 5.1 0.0  
U.S. tax on foreign earnings (6.8) (1.2) (0.9)  
Decrease (increase) in valuation allowance (6.3) (0.3) (2.5)  
Effective Income Tax Rate Reconciliation, Tax Settlement, Domestic, Amount 5.7 0.0 0.0  
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount 2.8 4.5 (2.7)  
Effective income tax rate reconciliation, Limitation on executive compensation, Amount (2.7) (0.1) (0.4)  
State and local income taxes, net (1.9) (1.8) (4.7)  
Nontaxable income/non-deductible expenses (1.6) (2.6) (2.5)  
Stock option exercises (0.7) 2.8 6.7  
Other (6.3) (3.4) (0.7)  
(Provision for) benefit from income taxes (78.1) (200.5) $ (59.0)  
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability (4.9) 120.1   115.2
Income tax expense, repatriation of foreign earnings (9.5) 37.4   27.9
Income tax expense, state and foreign taxes on unremitted earnings 2.7 (4.9)   (2.2)
Deferred tax assets:        
Federal tax credit carryforwards 291.0 269.6   291.0
Pension liabilities 82.7 104.8   82.7
U.S. net operating loss carryforwards 44.3 89.5   44.3
State net operating loss carryforwards 52.9 58.2   52.9
Research and development 24.6 22.8   24.6
Prepaid royalties 3.0 21.4   3.0
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost 6.5 4.2   6.5
Deferred Tax Assets, Unrealized Currency Losses 12.8 0.0   12.8
Liability for environmental remediation 29.3 16.4   29.3
Reserves and allowances 22.8 15.2   22.8
Foreign net operating loss carryforwards 5.7 6.6   5.7
Other 6.5 10.3   6.5
Total deferred tax assets 582.1 619.0   582.1
Deferred tax liabilities:        
Properties and equipment (13.2) (32.0)   (13.2)
Intangible assets (24.9) (15.1)   (24.9)
Other (5.6) (11.3)   (5.6)
Total deferred tax liabilities (43.7) (58.4)   (43.7)
Valuation allowance:        
Decrease (Increase) in deferred tax assets 29.8      
Total valuation allowance (19.9) (12.3)   (19.9)
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount (7.6)      
Net deferred tax assets 518.5 548.3   518.5
State and Local Jurisdiction [Member]        
Valuation allowance:        
Total valuation allowance (6.6) (9.2)   (6.6)
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount 2.6      
Domestic Tax Authority [Member]        
Valuation allowance:        
Total valuation allowance (5.2) (0.3)   (5.2)
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount (4.9)      
Foreign Tax Authority- NOLs [Member]        
Valuation allowance:        
Total valuation allowance (4.2) (2.8)   (4.2)
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount (1.4)      
Foreign Tax Authority- Other Deferred Tax Assets [Member]        
Valuation allowance:        
Total valuation allowance (3.9)     (3.9)
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount (3.9)      
Deferred Tax Asset Deferred Federal Credits [Member]        
Valuation allowance:        
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount 0.0 17.4   17.4
Net Operating Loss [Member] | State and Local Jurisdiction [Member]        
Valuation allowance:        
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount $ 0.0 $ 2.0   $ 2.0