Income Tax Expense

3 Months Ended

Mar. 31, 2017

Income Tax Disclosure [Abstract]

Income Tax Expense

NOTE 11. INCOME TAX EXPENSE

	Three Months Ended
	March 31,
	2017			2016
Earnings from continuing operations before income taxes	$	55.4		$	4.9
Income tax expense		24.6			12.0
Effective tax rate		44.4	%		244.9	%

Excluding the impact of the increase in pre-tax income, the effective rate for the first quarter of 2017 was lower in comparison to the same period in 2016 as income tax expense in the first quarter of 2016 was negatively impacted by the separation of AFI.  

We do not expect to record any further material changes during 2017 to unrecognized tax benefits that were claimed on tax returns covering tax years ended on or before December 31, 2016.

As of March 31, 2017, we consider foreign unremitted earnings to be permanently reinvested.