Income Taxes (Tables)

12 Months Ended

Sep. 30, 2017

Income Tax Disclosure [Abstract]

Income of U.S. and Foreign Operations Before Taxes

The following table summarizes the income of U.S. and foreign operations before taxes:

	Year Ended September 30,
	2017		2016		2015
(In millions)
Income Before Taxes
United States	$	28.8	$	61.6	$	41.7
Foreign	223.9		217.1		181.2
Total	$	252.7	$	278.7	$	222.9

Components of the Provision for Income Taxes

The following table shows the components of the provision for income taxes:

	Year Ended September 30,
	2017		2016			2015
(In millions)
Current Tax Provision
Federal	$	2.4	$	—		$	—
State	0.6		0.6			0.5
Foreign	47.0		58.3			31.6
	50.0		58.9			32.1
Deferred Tax Provision
Federal	1.1		1.3			1.4
State	0.1		0.1			0.1
Foreign	1.6		(1.5		)	(1.9		)
	2.8		(0.1		)	(0.4		)
Income Tax Provision	$	52.8	$	58.8		$	31.7

Reconciliation of the Differences Between the United States Federal Statutory Tax Rate and the Effective Tax Rate

ncome tax expense (benefit) differs from the expected amounts based on the statutory U.S. federal tax rate for the years ended September 30, 2017, 2016 and 2015 as follows:

	Year Ended September 30,
	2017			2016			2015
(In millions)
U.S. federal tax	$	88.4		$	97.5		$	78.0
State taxes, net of federal benefit	0.5			2.2			1.3
Foreign tax differentials	(34.7		)	(30.7		)	(37.4		)
U.S. taxes on foreign earnings	(0.3		)	4.7			(2.0		)
Other credit and incentives	(0.8		)	(0.8		)	(0.7		)
Valuation allowance	0.9			(19.2		)	(6.2		)
Other	(1.2		)	5.1			(1.3		)
Income Tax Expense (Benefit)	$	52.8		$	58.8		$	31.7

Significant Components of Deferred Tax Assets and Liabilities

The significant components of deferred tax assets and liabilities are as follows:

	September 30,
	2017			2016
(In millions)
Gross Deferred Tax Assets
Tax loss carryforwards	$	0.5		$	13.2
Tax credit carryforwards	0.9			64.2
Retirement benefits and compensation accruals	10.9			7.6
Reserves and accruals	1.6			8.4
Other	1.5			3.3
Valuation allowance	(0.9		)	(55.6		)
Deferred Tax Assets	14.5			41.1
Gross Deferred Tax Liabilities
Intangible assets	9.1			41.0
Plant and equipment	22.9			22.2
Unremitted earnings of foreign entities	0.7			2.3
Partnership investments	0.8			1.3
Other	0.2			6.3
Deferred Tax Liabilities	33.7			73.1
Net Deferred Income Tax Liability	$	19.2		$	32.0

Deferred tax assets and liabilities are included within the Annual Consolidated Financial Statements as follows:

	September 30,
	2017		2016
(In millions)
Other non-current assets	$	18.1	$	10.8
Deferred tax liabilities	37.3		42.8
Net Deferred Income Tax Liability	$	19.2	$	32.0

Reconciliation of the Beginning and Ending Amounts of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of the unrecognized tax benefits is as follows:

	Year Ended September 30,
(In millions)	2017			2016			2015
Unrecognized Tax Benefits
Balance at beginning of year	$	12.9		$	10.3		$	16.0
Additions for tax positions for the current year	2.1			1.9			1.6
Additions for tax positions of prior years	5.2			1.0			0.1
Reductions for tax positions of prior years	(0.2		)	(0.1		)	(4.7		)
Statute of limitations expiration	(0.1		)	(0.2		)	(2.7		)
Balance at End of Year	$	19.9		$	12.9		$	10.3

Major Tax Jurisdictions

We generally remain subject to examination in the following major tax jurisdictions for the years indicated below:

	Open Tax Years
Major Tax Jurisdiction
United States	2017
China	2007-2017
South Korea	2010-2017
Taiwan	2012-2017