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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

The provision for (benefit from) income taxes from continuing operations consisted of the following:

	Year ended December 31
In thousands	2019			2018			2017
Current taxes
Federal	$	(419	)	$	—		$	(1,323	)
State		134			442			107
Foreign		14,014			14,985			14,292
		13,729			15,427			13,076
Deferred taxes and other
Federal		(20,448	)		(9,242	)		5,375
State		(4,105	)		251			2,652
Foreign		1,582			1,287			3,976
		(22,971	)		(7,704	)		12,003
Income tax provision (benefit)	$	(9,242	)	$	7,723		$	25,079

The following are the domestic and foreign components of pretax income (loss) from continuing operations:

The following table sets forth a reconciliation of the statutory federal income tax rate to our actual effective tax rate for continuing operations.

	Year ended December 31
	2019			2018			2017
Federal income tax provision at statutory rate		21.0	%		21.0	%		35.0	%
State income taxes, net of federal income tax benefit		3.7			(15.9	)		(1.8	)
Foreign income tax rate differential		2.0			(18.9	)		(58.0	)
Tax effect of tax credits		8.2			1.3			(20.1	)
Provision for (resolution of) tax matters		(8.0	)		46.5			27.8
Rate changes due to enacted legislation		0.1			7.2			(1.3	)
State benefit due to enacted legislation		—			—			(8.2	)
Effect of U.S. tax law change ⁽¹⁾		—			(7.5	)		107.5
Global Intangible Low-taxed Income		(9.4	)		33.8			—
Stock-based compensation		(1.0	)		10.0			(0.2	)
Nondeductible officer's compensation		(0.7	)		5.2			—
Valuation allowance		4.3			15.7			47.0
Pension termination, settlement and related		5.0
Other		1.6			7.8			1.1
Actual tax rate		26.8	%		106.2	%		128.8	%

The sources of deferred income taxes were as follows at December 31:

In thousands	2019			2018
Reserves	$	991		$	3,720
Environmental		5,696			10,795
Compensation		3,287			3,957
Post-retirement benefits		1,619			2,133
Research & development expenses	6,439				—
Inventories		(91	)		(35	)
Tax carryforwards		25,227			21,843
Other		1,117			3,506
Deferred tax assets		44,285			45,919
Valuation allowance		(28,485	)		(30,029	)
Net deferred tax assets		15,800			15,890
Property		(65,027	)		(66,426	)
Intangible assets		(19,355	)		(22,231	)
Pension		(6,198	)		(3,890	)
Other		(1,577	)		(1,935	)
Deferred tax liabilities		(92,157	)		(94,482	)
Net deferred tax liabilities	$	(76,357	)	$	(78,592	)

Non-current deferred tax assets and liabilities are included in the following balance sheet captions:

A reconciliation of the beginning and ending balances of the total amounts of gross unrecognized tax benefits is as follows:

In millions	2019			2018			2017
Balance at January 1	$	29.6		$	26.9		$	14.2
Increases in tax positions for prior years		2.8			0.3			1.7
Decreases in tax positions for prior years		(2.9	)		(1.0	)		—
Acquisition related:
Purchase Accounting		—			0.3			—
Increases in tax positions for current year		4.6			4.0			11.9
Settlements		(0.3	)		(0.2	)		—
Lapse in statutes of limitation		(3.3	)		(0.7	)		(0.9	)
Balance at December 31	$	30.5		$	29.6		$	26.9

The following table summarizes tax years that remain subject to examination by major jurisdiction:

	Open Tax Years
Jurisdiction	Examinations not yet initiated	Examination in progress
United States
Federal	2016 - 2019	N/A
State	2015 - 2019	2015 - 2018
Canada⁽¹⁾	2012 - 2019	N/A
Germany⁽¹⁾	2016 - 2019	N/A
France	2018 - 2019	N/A
United Kingdom	2018 - 2019	N/A
Philippines	2019	2016 - 2018

(1)	Includes provincial or similar local jurisdictions, as applicable.

The following table summarizes information related to interest and penalties on uncertain tax positions:

	As of or for the year ended December 31,
In millions	2019			2018		2017
Accrued interest payable	$	0.4		$	1.1	$	0.8
Interest expense (income)		(0.7	)		0.3		0.3
Penalties	–			–		–