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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2021
Income Tax Disclosure [Abstract]  
Component of Income Taxes Expenses

​

​

​

​

​

​

​

​

​

​

​

​

​

Years ended December 31, 

​

    

2019

    

2020

    

2021

​

(In millions)

Pre-tax income:

 

​

  

 

​

  

 

​

  

United States

​

$

23.5

​

$

45.2

​

$

131.4

Non-U.S. subsidiaries

​

 

81.2

​

 

55.4

​

 

126.4

Total

​

$

104.7

​

$

100.6

​

$

257.8

Expected tax expense at U.S. federal statutory income tax
  rate of 21%

  

$

22.0

​

$

21.1

​

$

54.1

Non-U.S. tax rates

​

 

5.2

​

 

.5

​

 

4.5

Incremental net tax benefit on earnings and losses of U.S.
  and non-U.S. tax group companies

​

 

(4.5)

​

 

(8.7)

​

 

(2.0)

Valuation allowance

​

 

4.5

​

 

3.8

​

 

.9

Global intangible low-tax income, net

​

 

1.8

​

 

2.2

​

 

2.8

Tax rate changes

​

 

4.7

​

 

(.2)

​

 

—

U.S. state income taxes, net

​

 

(.3)

​

 

.9

​

 

1.5

Adjustment to the reserve for uncertain tax positions, net

​

 

(5.1)

​

 

(3.8)

​

 

(2.6)

Nondeductible expenses

​

 

1.5

​

 

1.0

​

 

1.1

Assessment (refund) of prior tax payments, net

​

 

(2.1)

​

 

—

​

 

.1

Other, net

​

 

(1.2)

​

 

(.9)

​

 

(.3)

Income tax expense

​

$

26.5

​

$

15.9

​

$

60.1

​

​

​

​

​

​

​

​

​

​

Components of income tax expense:

​

 

  

​

 

  

​

 

  

Currently payable:

​

 

  

​

 

  

​

 

  

U.S. federal and state

​

$

4.3

​

$

13.3

​

$

29.7

Non-U.S.

​

 

22.0

​

 

14.9

​

 

21.5

Total

​

 

26.3

​

 

28.2

​

 

51.2

Deferred income taxes (benefit):

​

 

  

​

 

  

​

 

  

U.S. federal and state

​

 

(4.1)

​

 

(10.3)

​

 

(1.7)

Non-U.S.

​

 

4.3

​

 

(2.0)

​

 

10.6

Total

​

 

.2

​

 

(12.3)

​

 

8.9

Income tax expense

​

$

26.5

​

$

15.9

​

$

60.1

​

​

​

​

​

​

​

​

​

​

Comprehensive provision for income taxes
  allocable to:

​

 

  

​

 

  

​

 

  

Income from continuing operations

​

$

26.5

​

$

15.9

​

$

60.1

Discontinued operations

​

 

—

​

 

.6

​

 

—

Other comprehensive income (loss):

​

 

  

​

 

  

​

 

​

Currency translation

​

 

(.2)

​

 

1.6

​

 

(.8)

Pension plans

​

 

(15.6)

​

 

(7.3)

​

 

29.7

Other

​

 

(.5)

​

 

(.4)

​

 

—

Total

​

$

10.2

​

$

10.4

​

$

89.0

Components of Net Deferred Tax Asset (Liability)

The components of the net deferred income taxes at December 31, 2020 and 2021 are summarized in the following table.

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 

​

    

2020

​

2021

​

​

Assets

​

Liabilities

​

Assets

​

Liabilities

​

 

​

(In millions)

Tax effect of temporary differences related to:

 

​

  

 

​

  

 

​

  

 

​

  

Inventories

​

$

1.9

​

$

—

​

$

—

​

$

(2.5)

Property and equipment

​

 

—

​

 

(67.2)

​

 

—

​

 

(70.4)

Lease assets (liabilities)

​

 

6.3

​

 

(6.5)

​

 

5.0

​

 

(5.1)

Accrued OPEB costs

​

 

3.0

​

 

—

​

 

2.8

​

 

—

Accrued pension costs

​

 

100.5

​

 

—

​

 

74.1

​

 

—

Accrued environmental liabilities

​

 

31.0

​

 

—

​

 

28.5

​

 

—

Other deductible differences

​

 

9.2

​

 

—

​

 

9.3

​

 

—

Other taxable differences

​

 

—

​

 

(13.1)

​

 

—

​

 

(15.5)

Investments in subsidiaries and affiliates

​

 

2.7

​

 

(48.1)

​

 

7.3

​

 

(52.7)

Tax on unremitted earnings of non-U.S. subsidiaries

​

 

—

​

 

(12.0)

​

 

—

​

 

(11.2)

Tax loss and tax credit carryforwards

​

 

100.4

​

 

—

​

 

89.4

​

 

—

Valuation allowance

​

 

(17.5)

​

 

—

​

 

(18.4)

​

 

—

Adjusted gross deferred tax assets (liabilities)

​

 

237.5

​

 

(146.9)

​

 

198.0

​

 

(157.4)

Netting of items by tax jurisdiction

​

 

(117.3)

​

 

117.3

​

 

(111.2)

​

 

111.2

Net noncurrent deferred tax asset (liability)

​

$

120.2

​

$

(29.6)

​

$

86.8

​

$

(46.2)

Changes in Uncertain Tax Positions

​

​

​

​

​

​

​

​

​

​

​

​

​

Years ended December 31, 

​

    

2019

    

2020

​

2021

​

 

​

(In millions)

Unrecognized tax benefits:

 

​

  

 

​

  

​

 

  

Amount at beginning of year

​

$

21.0

​

$

13.8

​

$

9.6

Net increase (decrease):

​

 

  

​

 

  

​

 

  

Tax positions taken in prior periods

​

 

(5.6)

​

 

(.3)

​

 

—

Tax positions taken in current period

​

 

.7

​

 

.6

​

 

.6

Lapse due to applicable statute of limitations

​

 

—

​

 

(4.8)

​

 

(3.6)

Settlement with taxing authorities

​

 

(2.2)

​

 

—

​

 

—

Changes in currency exchange rates

​

 

(.1)

​

 

.3

​

 

(.2)

Amount at end of year

​

$

13.8

​

$

9.6

​

$

6.4