Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Income before Income Tax, Related to Domestic and Foreign

A summary of income (loss) before taxes related to U.S. and non U.S. operations are as follows:



	Year Ended December 31,
(Dollars in millions)	2015			2014			2013
Operations
U.S. domestic	$	(305.7	)	$	(87.2	)	$	(69.2	)
Foreign	23.2			(2.5		)	(1.8		)
Total pre-tax loss	$	(282.5	)	$	(89.7	)	$	(71.0	)

Schedule of Components of Income Tax Expense (Benefit)

The components of the income tax benefit consist of the following:



	Year Ended December 31,
(Dollars in millions)	2015			2014			2013
Current
Federal	$	(34.2	)	$	—		$	—
State and local	8.8			3.4			0.3
Foreign	26.4			0.5			(0.1		)
	1.0			3.9			0.2
Deferred
Federal	(58.1		)	(27.8		)	(22.1		)
State and local	(18.2		)	(2.7		)	(0.6		)
Foreign	(15.6		)	0.5			—
	(91.9		)	(30.0		)	(22.7		)
Total income tax benefit	$	(90.9	)	$	(26.1	)	$	(22.5	)

Schedule of Effective Income Tax Rate Reconciliation

The provision for income taxes is different from that which would be obtained by applying the statutory federal income tax rate to income before income taxes. The items causing this difference are as follows:



	Year Ended December 31,
	2015		2014		2013
U.S. Federal statutory tax rate	35.0	%	35.0	%	34.0	%
State and local taxes, net	2.2	%	0.7	%	0.6	%
Transaction expense	(3.7	)%	(1.7	)%	(1.1	)%
Loss on convertible debt	(0.6	)%	(2.1	)%	(1.1	)%
Change in valuation allowance	(3.2	)%	(1.4	)%	(0.6	)%
Nontaxable purchase price adjustment	2.2	%	—	%	—	%
Fuel and employment tax credits	2.0	%	—	%	—	%
Change in uncertain tax position provision	0.5	%	0.4	%	0.3	%
U.S. taxation of foreign earnings	(2.4	)%	—	%	—	%
Loss on remeasurement of foreign activities	2.6	%	—	%	—	%
Foreign tax rate differences	—	%	(0.5	)%	(0.2	)%
All other non-deductible items	(2.4	)%	(1.3	)%	(0.2	)%
Net effective tax rate	32.2	%	29.1	%	31.7	%

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the noncurrent deferred tax asset and deferred tax liability are as follows:



	Year Ended December 31,
(Dollars in millions)	2015			2014
Deferred tax assets
Net operating loss and other tax attribute carryforwards	$	242.0		$	74.3
Accrued expenses	125.4			13.2
Pension and other retirement obligations	70.3			—
Other	65.2			13.4
Total deferred tax asset	502.9			100.9
Valuation allowance	(67.6		)	(7.1		)
Total deferred tax asset, net	435.3			93.8
Deferred tax liabilities
Intangible assets	(655.0		)	(110.5		)
Property & equipment	(541.7		)	(41.9		)
Other	(58.3		)	(6.7		)
Total deferred tax liability	(1,255.0		)	(159.1		)
Net deferred tax liability	$	(819.7	)	$	(65.3	)

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding interest and penalties, is as follows:



	Year Ended December 31,
(Dollars in millions)	2015			2014
Uncertain tax positions, beginning of the year	$	6.2		$	0.8
Additions for tax positions of prior years	0.2			—
Additions for tax positions from acquisitions	6.1			5.8
Additions for tax positions taken during the current period	0.5			—
Reductions due to the statute of limitations	(1.5		)	(0.4		)
Uncertain tax positions, end of the year	$	11.5		$	6.2