INCOME TAXES	3 Months Ended
Mar. 31, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company's provision for income taxes represents federal, foreign, state and local income taxes. The Company's effective tax rate differs from the applicable federal statutory rate due to the effect of state and local income taxes, tax rates and income in foreign jurisdictions, foreign earnings taxable in the U.S., non-deductible expenses and other items. The Company’s tax provision changes quarterly based on various factors including, but not limited to, the geographical mix of earnings, enacted tax legislation, foreign, state and local income taxes, tax audit settlements and the interaction of various global tax strategies. The Company recorded a $38.9 million benefit from income taxes in the first quarter of 2017 and a $5.8 million expense for income taxes in the first quarter of 2016. The $44.7 million decrease in the provision for income taxes was primarily due to the pretax loss from continuing operations in the first quarter of 2017. The Company's effective tax rate for the three months ended March 31, 2017 was higher than the federal statutory rate of 35% as a result of foreign dividends and earnings taxable in the U.S., state and local taxes, as well as the effect of certain favorable discrete items. The Company's effective tax rate for the three months ended March 31, 2016 was approximately equal to the federal statutory rate of 35% as a result of foreign dividends and earnings taxable in the U.S., as well as state and local taxes that were largely offset by the effect of certain favorable discrete items.

INCOME TAXES

3 Months Ended

Mar. 31, 2017

The Company's provision for income taxes represents federal, foreign, state and local income taxes. The Company's effective tax rate differs from the applicable federal statutory rate due to the effect of state and local income taxes, tax rates and income in foreign jurisdictions, foreign earnings taxable in the U.S., non-deductible expenses and other items. The Company’s tax provision changes quarterly based on various factors including, but not limited to, the geographical mix of earnings, enacted tax legislation, foreign, state and local income taxes, tax audit settlements and the interaction of various global tax strategies.

The Company recorded a $38.9 million benefit from income taxes in the first quarter of 2017 and a $5.8 million expense for income taxes in the first quarter of 2016. The $44.7 million decrease in the provision for income taxes was primarily due to the pretax loss from continuing operations in the first quarter of 2017.

The Company's effective tax rate for the three months ended March 31, 2017 was higher than the federal statutory rate of 35% as a result of foreign dividends and earnings taxable in the U.S., state and local taxes, as well as the effect of certain favorable discrete items.

The Company's effective tax rate for the three months ended March 31, 2016 was approximately equal to the federal statutory rate of 35% as a result of foreign dividends and earnings taxable in the U.S., as well as state and local taxes that were largely offset by the effect of certain favorable discrete items.