INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Income Tax Provision Based On Earnings From Continuing Operations Before Income Taxes

 The income tax provision is based on earnings from continuing operations before income taxes:

Years ended December 31,	2013		2012		2011
U.S.	$	169.1	$	26.1	$	6.8
Non-U.S.	74.9		77.1		61.0
Total	$	244.0	$	103.2	$	67.8

Components Of Income Tax Provision

The components of the income tax provision are as follows:

Years ended December 31,	2013			2012			2011
Current:
U.S. Federal	$	26.6		$	32.4		$	(4.6	)
Non-U.S.	21.7			32.8			23.6
Other, principally state	0.5			1.9			1.2
	$	48.8		$	67.1		$	20.2
Deferred:
U.S. Federal	$	25.1		$	(24.1	)	$	6.4
Non-U.S.	(3.5		)	(14.2		)	(16.4		)
Other, principally state	1.9			(1.3		)	0.1
	$	23.5		$	(39.6	)	$	(9.9	)
Total income tax provision	$	72.3		$	27.5		$	10.3

Reconciliation Of Effective Tax Rate To The U.S. Federal Income Tax Rate

A reconciliation of our effective tax rate to the U.S. federal income tax rate is as follows:

Years ended December 31,	2013		2012		2011
Federal income tax rate	35.0	%	35.0	%	35.0	%
Research and development credit	(0.8	)%	—	%	(2.2	)%
Income subject to other than the federal income tax rate	(1.1	)%	(10.5	)%	(13.9	)%
Tax expense on unrepatriated earnings of international subsidiaries	(2.0	)%	7.3	%	—	%
Change in tax rates	(1.5	)%	0.5	%	(3.0	)%
State taxes, net of federal benefits	1.8	%	1.1	%	(0.3	)%
Valuation allowance	0.6	%	0.2	%	(2.1	)%
Tax law change	(1.1	)%	—	%	—	%
Favorable resolution of prior year audits	—	%	(8.6	)%	—	%
Other charges, net	(1.3	)%	1.6	%	1.7	%
Effective tax rate	29.6	%	26.6	%	15.2	%

Deferred Tax Asset And Liabilities

The temporary differences that give rise to a significant portion of deferred tax assets and liabilities are as follows:

December 31,	2013			2012
Deferred tax assets:
Allowance for bad debts	$	0.3		$	0.5
Self insurance accruals	16.6			17.9
Operating accruals	9.7			10.2
Environmental accruals	22.2			25.9
Pension and postretirement benefit liabilities	57.9			103.9
Employee benefit accruals	28.8			36.0
Tax credit carry forwards	60.1			44.9
Net operating losses	20.2			19.7
Inventory	8.5			2.6
Capital loss carryforward	104.9			—
Other	1.7			—
Gross deferred tax assets	$	330.9		$	261.6
Valuation allowance	(125.9		)	(21.0		)
Total net deferred tax assets	$	205.0		$	240.6
Deferred tax liabilities:
Plants, equipment and facilities	(59.3		)	(97.8		)
Insurance receivables	(7.4		)	(7.5		)
Intangibles	(111.8		)	(150.4		)
Other	(0.9		)	(9.1		)
Gross deferred tax liabilities	$	(179.4	)	$	(264.8	)
Net deferred tax assets/(liabilities)	$	25.6		$	(24.2	)

Roll-Forward Of Unrecognized Tax Benefits

Set forth below is the tabular roll-forward of our 2013 and 2012 unrecognized tax benefits from uncertain tax positions:

	2013			2012
Balance as of beginning of the year:	$	19.7		$	26.3
Increase due to Umeco Acquisition	0.8			11.1
Increase due to tax positions related to current periods	2.9			1.2
Increase due to tax positions related to prior periods	0.9			0.2
Decrease due to tax positions related to prior periods	(3.0		)	(15.6		)
Decrease due to lapse of Statute of Limitations	(0.4		)	(2.3		)
Settlements	(3.9		)	(1.6		)
Foreign exchange	(0.3		)	0.4
Balance as of the end of the year:	$	16.7		$	19.7