Income Taxes

6 Months Ended

Jun. 30, 2019

Income Taxes [Abstract]

Income Taxes

Note 13. Income Taxes

The following table summarizes the Company’s provision for income taxes and effective income tax provision rate for the three and six month periods ended June 30, 2019 and 2018.

	For the Three Month Period Ended June 30,						For the Six Month Period Ended June 30,
	2019			2018			2019			2018
Income before income taxes	$	53.2		$	77.5		$	112.4		$	143.4
Provision for income taxes	$	8.3		$	17.2		$	20.3		$	40.7
Effective income tax provision rate		15.6	%		22.2	%		18.1	%		28.4	%

The decrease in the provision for income taxes and decrease in the effective income tax provision rate for the three month period ended June 30, 2019 when compared to the same three month period of 2018 is primarily due to a decrease in the amount of earnings generated in countries with higher statutory tax rates and an increase in windfall tax benefits.

The decrease in the provision for income taxes and decrease in the effective income tax provision rate for the six month period ended June 30, 2019 when compared to the same six month period of 2018 is primarily due to a decrease in the amount of earnings generated in countries with higher statutory rates, an increase in windfall tax benefits and the Transition tax imposed under the Tax Cuts and Jobs Act of 2017.