Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Taxes

Schedule of income (loss) from continuing operations before income taxes and (provision for) benefit from income taxes

	Year ended December 31,
	2014			2013			2012
Income (loss) from continuing operations:
United States	$	474.1		$	212.7		$	(223.6	)
Foreign		120.1			58.9			44.2
	$	594.2		$	271.6		$	(179.4	)
(Provision for) benefit from income taxes:
Current:
United States	$	(261.7	)	$	65.5		$	(1.4	)
Foreign		(34.1	)		(30.0	)		(20.9	)
Total current		(295.8	)		35.5			(22.3	)
Deferred and other:
United States		111.2			(123.9	)		1.2
Foreign		(29.5	)		28.1			35.3
Total deferred and other		81.7			(95.8	)		36.5
Total (provision) benefit	$	(214.1	)	$	(60.3	)	$	14.2

Schedule of reconciliation of income tax computed at the U.S. federal statutory tax rate to the effective income tax rate

	Year ended December 31,
	2014			2013			2012
Tax at U.S. federal statutory rate		35.0	%		35.0	%		35.0	%
State and local taxes, net of U.S. federal benefit		1.8			1.5			(0.5	)
U.S. credits and exemptions		(1.6	)		(3.9	)		2.8
Foreign earnings taxed at lower rates		(2.3	)		(10.7	)		14.0
Audit settlements with taxing authorities		(2.0	)		0.2			15.4
Adjustments to uncertain tax positions		(2.1	)		0.8			(3.0	)
Changes in valuation allowance		6.2			(0.2	)		(6.2	)
Tax on repatriation of foreign earnings		2.7			(0.5	)		(8.4	)
Goodwill impairment and basis adjustments		(1.0	)		—			(41.8	)
Other		(0.7	)		—			0.6
		36.0	%		22.2	%		7.9	%

Schedule of significant components of deferred tax assets and liabilities

	As of December 31,
	2014			2013
Deferred tax assets:
NOL and credit carryforwards	$	266.2		$	229.8
Pension, other postretirement and postemployment benefits		116.9			95.5
Payroll and compensation		67.5			63.5
Legal, environmental and self-insurance accruals		45.8			42.3
Working capital accruals		34.7			26.8
Other		47.5			45.1
Total deferred tax assets		578.6			503.0
Valuation allowance		(152.9	)		(149.3	)
Net deferred tax assets		425.7			353.7
Deferred tax liabilities:
Intangible assets recorded in acquisitions		277.3			285.9
Basis difference in affiliates		184.2			152.1
Accelerated depreciation		64.8			69.3
Other		36.5			25.8
Total deferred tax liabilities		562.8			533.1
	$	(137.1	)	$	(179.4	)

Schedule of changes in the balance of unrecognized tax benefits

	Year ended December 31,
	2014			2013			2012
Unrecognized tax benefit — opening balance	$	128.4		$	108.4		$	120.4
Gross increases — tax positions in prior period		3.7			0.5			20.6
Gross decreases — tax positions in prior period		(36.9	)		(2.3	)		(33.9	)
Gross increases — tax positions in current period		11.7			28.4			11.2
Settlements		(28.2	)		(1.1	)		(7.1	)
Lapse of statute of limitations		(14.7	)		(5.5	)		(2.7	)
Change due to foreign currency exchange rates		(0.7	)		—			(0.1	)
Unrecognized tax benefit — ending balance	$	63.3		$	128.4		$	108.4