Income Tax Expense

6 Months Ended

Jun. 30, 2017

Income Tax Disclosure [Abstract]

Income Tax Expense

NOTE 11. INCOME TAX EXPENSE

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2017			2016			2017			2016
Earnings from continuing operations before income taxes	$	70.1		$	41.3		$	125.5		$	46.2
Income tax expense		28.6			24.7			53.2			36.7
Effective tax rate		40.8	%		59.8	%		42.4	%		79.4	%

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

It is reasonably possible that the amount of unrecognized tax benefits could significantly increase or decrease within the next twelve months. However, an estimate of the range of reasonably possible outcomes cannot be made. Changes to unrecognized tax benefits could result from the completion of ongoing examinations, the expiration of the statute of limitations or other unforeseen circumstances.

As of June 30, 2017, we consider foreign unremitted earnings to be permanently reinvested.