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

 

 

Three months ended

 

 

March 31,

 

 

2020

 

 

2021

 

 

(In millions)

 

Expected tax expense, at U.S. federal statutory

   income tax rate of 21%

$

10.3

 

 

$

6.8

 

Incremental net tax benefit on earnings and losses of

non-U.S., U.S. and non-tax group companies

 

(1.8

)

 

 

(1.1

)

Non-U.S. tax rates

 

.9

 

 

 

.8

 

Valuation allowance

 

(.2

)

 

 

1.2

 

Adjustment to the reserve for uncertain tax positions, net

 

.6

 

 

 

(.4

)

Global intangible low-tax income, net

 

1.2

 

 

 

.5

 

U.S. state income taxes and other, net

 

.4

 

 

 

.2

 

Income tax expense

$

11.4

 

 

$

8.0

 

Comprehensive provision for income taxes allocable to:

 

 

 

 

 

 

 

Net income

$

11.4

 

 

$

8.0

 

Other comprehensive income (loss):

 

 

 

 

 

 

 

Currency translation

 

(4.7

)

 

 

.2

 

Pension plans

 

1.8

 

 

 

2.1

 

Other

 

(.2

)

 

 

(.1

)

Total

$

8.3

 

 

$

10.2