Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Provision

ncome tax provision (benefit) consisted of the following components:

	Year Ended December 31,
(In millions)	2017			2016			2015
U.S. Federal:
Current	$	39.5		$	86.8		$	13.7
Deferred	28.2			(303.8		)	(35.8		)
	67.7			(217.0		)	(22.1		)
U.S. State:
Current	3.9			13.8			8.1
Deferred	(0.6		)	(14.8		)	(11.9		)
	3.3			(1.0		)	(3.8		)
Non-U.S.:
Current	275.0			150.6			161.8
Deferred	(139.0		)	(290.9		)	(68.2		)
	136.0			(140.3		)	93.6
Income tax provision	$	207.0		$	(358.3	)	$	67.7
Earnings before income taxes and noncontrolling interest:
United Kingdom	$	89.7		$	(129.4	)	$	(189.6	)
United States	(414.5		)	(187.4		)	474.4
Foreign - Other	1,227.8			438.5			630.6
Total earnings before income taxes and noncontrolling interest	$	903.0		$	121.7		$	915.4

Schedule of Deferred Tax Assets and Liabilities

Temporary differences and carryforwards that result in deferred tax assets and liabilities were as follows:

(In millions)	December 31, 2017			December 31, 2016
Deferred tax assets:
Employee benefits	$	215.0		$	265.2
Litigation reserves	45.3			239.9
Accounts receivable allowances	251.7			396.0
Tax credit and loss carryforwards	849.9			634.0
Interest expense	151.7			51.2
Intangible assets	114.9			96.7
Other	212.4			232.3
	1,840.9			1,915.3
Less: Valuation allowance	(662.8		)	(460.7		)
Total deferred tax assets	1,178.1			1,454.6
Deferred tax liabilities:
Plant and equipment	120.7			183.9
Intangible assets and goodwill	2,538.2			2,601.6
Other	34.8			42.3
Total deferred tax liabilities	2,693.7			2,827.8
Deferred tax liabilities, net	$	(1,515.6	)	$	(1,373.2	)

Statutory Tax Rate to Effective Tax Rate Reconciliation

reconciliation of the statutory tax rate to the effective tax rate is as follows:

	Year Ended December 31,
	2017		2016		2015
Statutory tax rate	19.0	%	20.0	%	20.0	%
United States Operations
Clean energy and research credits	(10.1	)%	(85.9	)%	(13.0	)%
U.S. rate differential	7.4	%	(36.9	)%	4.6	%
Tax Act - transition tax	6.8	%	—	%	—	%
Tax Act - deferred tax rate change	1.6	%	—	%	—	%
State income taxes and credits	(0.6	)%	(8.1	)%	(0.6	)%
Valuation allowance	10.3	%	4.4	%	0.6	%
Other U.S. items	1.2	%	3.5	%	—	%
Other Foreign Operations
Luxembourg	(10.7	)%	(54.1	)%	1.7	%
Luxembourg — U.S. Branch	—	%	(28.8	)%	(11.2	)%
Gibraltar	(6.5	)%	(49.2	)%	(4.9	)%
India	(0.5	)%	(13.0	)%	(0.6	)%
Ireland	(2.1	)%	(7.3	)%	(1.9	)%
Other	0.6	%	(5.2	)%	1.7	%
Uncertain tax positions	(0.9	)%	0.8	%	(0.3	)%
Valuation allowance	3.9	%	79.9	%	6.5	%
Merger of foreign subsidiaries	—	%	(123.5	)%	—	%
Other foreign items	3.5	%	9.0	%	4.8	%
Effective tax rate	22.9	%	(294.4	)%	7.4	%

Schedule of Unrecognized Tax Benefits

A reconciliation of the unrecognized tax benefits is as follows:

	Year Ended December 31,
(In millions)	2017			2016			2015
Unrecognized tax benefit — beginning of year	$	190.9		$	174.1		$	191.2
Additions for current year tax positions	4.4			2.1			1.2
Additions for prior year tax positions	5.5			—			—
Reductions for prior year tax positions	(0.8		)	(1.8		)	(9.0		)
Settlements	(0.4		)	—			(1.5		)
Reductions due to expirations of statute of limitations	(13.9		)	(7.7		)	(7.8		)
Addition due to acquisition	—			24.2			—
Unrecognized tax benefit — end of year	$	185.7		$	190.9		$	174.1