Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Components of Loss Before Income Taxes and Income Tax Provision from Continuing Operations

The significant components of income/(loss) before income taxes and the income tax provision/(benefit) from continuing operations are as follows (in millions):

	Year Ended December 31, 2019			Year Ended December 31, 2018			Year Ended December 31, 2017
United States	$	(38.6	)	$	(65.6	)	$	(231.4	)
Other countries	81.4			(145.2		)	(110.4		)
Income/(loss) before income tax	$	42.8		$	(210.8	)	$	(341.8	)

	Year Ended December 31, 2019			Year Ended December 31, 2018			Year Ended December 31, 2017
United States federal:
Current	$	17.4		$	(3.2	)	$	1.4
Deferred	(14.6		)	(47.8		)	(180.4		)
Total United States federal income taxes	2.8			(51.0		)	(179.0		)
United States state and local:
Current	13.4			(0.2		)	17.1
Deferred	(19.5		)	(1.1		)	4.6
Total United States state and local income taxes	(6.1		)	(1.3		)	21.7
All other countries:
Current	57.9			37.1			44.4
Deferred	(12.0		)	(9.8		)	(7.6		)
Total all other countries income taxes	45.9			27.3			36.8
Total income tax provision/(benefit)	$	42.6		$	(25.0	)	$	(120.5	)

Schedule of Reconciliation of Effective Tax Rate

Differences between income tax expense reported for financial reporting purposes and tax expense computed based upon the application of the United States federal tax rate to the reported income/(loss) before income taxes are as follows (in millions):

	Year Ended December 31, 2019			Year Ended December 31, 2018			Year Ended December 31, 2017
Reconciliation of effective tax rate
Income/(loss) before income taxes	$	42.8		$	(210.8	)	$	(341.8	)
Taxes at the statutory rate	9.0			(44.9		)	(119.7		)
Adjusted for:
State taxes, net of the federal benefit	(2.9		)	(1.2		)	8.7
Other permanent adjustments	19.3			11.3			(5.3		)
Foreign tax rate differential	0.3			0.5			13.3
Change in valuation allowance	(9.7		)	41.1			30.5
Impact of repatriation	12.0			(0.7		)	7.7
Uncertain tax positions	4.3			0.7			11.3
Transfer pricing	—			—			(13.1		)
Deferred tax inventory	4.5			—			—
Impact of restructuring	6.0			—			—
Other, net	(0.2		)	(2.6		)	7.0
Impact of US tax reform	—			(29.2		)	(60.9		)
Income tax expense/(benefit)	$	42.6		$	(25.0	)	$	(120.5	)

Schedule of Deferred Tax Assets and Liabilities

The tax effect of temporary differences that gave rise to deferred tax assets and liabilities are as follows (in millions):

	As of December 31, 2019			As of December 31, 2018
Deferred tax assets
Liabilities	$	204.0		$	107.8
Deferred expenditures	78.9			73.6
Employee benefits	82.4			45.5
Tax losses / credits	152.7			199.2
Intangible assets	17.7			18.5
Other	3.7			10.8
	539.4			455.4
Less: valuation allowance	(183.5		)	(206.6		)
Total deferred tax assets	$	355.9		$	248.8
Deferred tax liabilities
Property, plant and equipment	$	(14.7	)	$	(25.2	)
Intangible assets	(253.5		)	(259.7		)
Income recognition	(14.4		)	(16.3		)
Right-of-use asset	(96.7		)	—
Total deferred tax liabilities	(379.3		)	(301.2		)
Total net deferred tax liabilities	$	(23.4	)	$	(52.4	)

Schedule of Unrecognized Tax Benefits

Changes in the Company’s unrecognized tax benefits are (in millions):

	Year Ended December 31, 2019			Year Ended December 31, 2018			Year Ended December 31, 2017
Beginning of year	$	23.5		$	26.3		$	21.1
Increases from prior period tax positions	5.4			1.3			7.6
Decreases from prior period tax positions	(0.8		)	(3.0		)	(0.7		)
Increases from current period tax positions	4.7			0.2			4.4
Decreases relating to settlements with taxing authorities	(5.9		)	(1.3		)	(6.1		)
End of year	$	26.9		$	23.5		$	26.3

Summary of Operating Loss Carryforwards

The jurisdictional location of the operating loss carryforward is broken out as follows:

	As of December 31, 2019		Range of expiration dates
United States	$	23.0	2020 - Indefinite
All other countries	126.5		2020 - Indefinite
Total	$	149.5