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Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2014
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign
Domestic and Foreign Components of Income (Loss) Before Income Taxes
 
Successor
Predecessor
 
Year Ended December 31,
Period from
August 24,
2012 through
December 31,
Period from
January 1, 2013
through
January 31,
Year Ended
December 31,
 
2014
2013
2012
2013
2012
Domestic
$
(8.8
)
$
(153.8
)
$
—

$
(1.5
)
$
82.8

Foreign
45.6

(109.9
)
(29.0
)
17.1

310.2

Total
$
36.8

$
(263.7
)
$
(29.0
)
$
15.6

$
393.0
Schedule of Components of Income Tax Expense (Benefit)
Provision (Benefit) for Income Taxes
 
Successor
 
Year Ended December 31, 2014
Year Ended December 31, 2013
Period from August 24,
2012 through December 31, 2012
 
Current  
Deferred  
Total  
Current  
Deferred  
Total  
Current  
Deferred  
Total  
U.S. Federal
$
—

$
(2.1
)
$
(2.1
)
$
—

$
(43.7
)
$
(43.7
)
$
—

$
—

$
—

State
2.0

(2.9
)
(0.9
)
2.3

(2.5
)
(0.2
)
—

—

—

Foreign
38.3

(33.2
)
5.1

73.7

(74.6
)
(0.9
)
—

—

—

Total
$
40.3

$
(38.2
)
$
2.1

$
76.0

$
(120.8
)
$
(44.8
)
$
—

$
—

$
—

 
Predecessor
 
Period from January 1,2013 through January 31, 2013
Year Ended December 31, 2012
 
Current
Deferred
Total
Current
Deferred
Total
U.S. Federal
$
(8.8
)
$
7.0

$
(1.8
)
$
30.9

$
(4.5
)
$
26.4

State
0.1

(0.2
)
(0.1
)
6.6

(0.4
)
6.2

Foreign
6.7

2.3

9.0

98.6

14.0

112.6

Total
$
(2.0
)
$
9.1

$
7.1

$
136.1

$
9.1

$
145.2
Schedule of Effective Income Tax Rate Reconciliation
Reconciliation to US Statutory Rate
 
Successor
Predecessor
 
Year Ended December 31, 2014
Year Ended December 31, 2013
Period from
August 24,
2012 through
December 31,
2012
Period from
January 1
2013 through
January 31,
2013
Year Ended
December 31,
2012
Statutory U.S. federal income tax / rate(1)
$
12.9

35.0
 %
$
(92.3
)
35.0
 %
$
(10.1
)
35.0
 %
$
5.5

35.0
 %
$
137.6

35.0
 %
Foreign income taxed at rates other than 35%
(46.7
)
(127.0
)
(36.6
)
13.9

10.1

(35.0
)
1.0

6.6

(10.9
)
(2.8
)
Changes in valuation allowances
44.4

120.9

55.0

(20.9
)
—

—

1.4

8.9

9.8

2.5

Foreign exchange (gain) loss
8.7

23.7

8.7

(3.3
)
—

—

0.5

3.1

4.7

1.2

Unrecognized tax benefits(2)
(44.0
)
(119.7
)
35.1

(13.2
)
—

—

—

—

—

—

Withholding taxes, net
(0.3
)
(0.8
)
8.3

(3.2
)
—

—

—

—

—

—

Non-deductible interest
15.4

41.9

6.4

(2.4
)
—

—

—

—

—

—

Non-deductible expenses
14.2

38.6

19.4

(7.4
)
—

—

—

—

—

—

Tax credits
(3.6
)
(9.8
)
(1.0
)
0.4

—

—

—

—

—

—

Capital loss(3)
—

—

(46.7
)
17.7

—

—

—

—

—

—

Other - net
1.1

2.9

(1.1
)
0.4

—

—

(1.3
)
(8.0
)
4.0

1.1

Total income tax (benefit)/ effective tax rate
$
2.1

5.7
 %
$
(44.8
)
17.0
 %
$
—

—

$
7.1

45.6
 %
$
145.2

37.0
 %
(1)
The U.S. statutory rate has been used as management believes it is more meaningful to the Company.
(2)
Within this amount, the Company released and recorded an unrecognized tax benefit of $21.1 million related to non-deductible interest and debt acquisition costs in 2014 and 2013. These adjustments were fully offset by changes in the valuation allowance.
(3)
In 2013, the Company recognized a tax benefit of $46.7 million related to a capital loss, which is fully offset by a $46.7 million increase to the valuation allowance.
Schedule of Deferred Tax Assets and Liabilities
Deferred Tax Balances
Successor
 
Year Ended December 31,
 
2014
2013
Deferred tax asset
 
 
Tax loss and credit carryforwards
$
185.6

$
111.7

Goodwill and intangibles
90.8

89.4

Compensation & employee benefits
92.4

79.1

Accruals & other reserves
58.0

40.5

Interest expense
13.4

8.6

Total deferred tax assets
440.2

329.3

Less: Valuation allowance
(101.9
)
(63.4
)
Net, deferred tax assets
338.3

265.9

Deferred tax liabilities
 
 
Inventory
(3.0
)
(1.3
)
Property, Plant & Equipment
(215.0
)
(218.5
)
Accounts Receivable & Other Assets
(2.5
)
(8.4
)
Equity Investment & Other Securities
(2.2
)
(5.8
)
Unremitted earnings
(8.5
)
(15.9
)
Long-Term Debt
(8.1
)
—

Total deferred tax liabilities
(239.3
)
(249.9
)
Net deferred tax asset/(liability)
$
99.0

$
16.0

 
 
 
Current asset
$
64.5

$
30.0

Current liability
(7.3
)
(5.5
)
Non-current assets
250.0

271.9

Non-current liability
(208.2
)
(280.4
)
Net deferred tax asset
$
99.0

$
16.0
Schedule of Unrecognized Tax Benefits Roll Forward
Total Gross Unrecognized Tax Benefits
 
Successor
Predecessor
 
Year Ended December 31,
Period from
January 1
2013 through
January 31,
Period from
January 1
2013 through
January 31,
Year Ended
December 31,
 
2014
2013
2013
2013
2012
Balance at January 1
$
38.9

$
—

$
—

$
—

$
—

Increases related to acquisition
—

11.3

—

—

—

Increases related to positions taken on items from prior years
—

—

—

—

—

Decreases related to positions taken on items from prior years
(33.6
)
—

—

—

—

Increases related to positions taken in the current year
—

27.6

—

—

—

Settlement of uncertain tax positions with tax authorities
—

—

—

—

—

Decreases due to expiration of statutes of limitations
—

—

—

—

—

Balance at December 31
$
5.3

$
38.9

$
—

$
—

$
—