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INCOME TAXES
3 Months Ended
Mar. 31, 2014
Income Tax Disclosure [Abstract]  
INCOME TAXES
INCOME TAXES
The effective tax rate for continuing operations for the three months ended March 31, 2014 was a tax provision of 24.1%, or $17.7, compared to a tax benefit of 31.8%, or $2.1, for the three months ended March 31, 2013. The effective tax rate for the three months ended March 31, 2014 was favorably impacted by a tax benefit of $5.4 attributable to the reversal of certain tax reserves due to the settlement of tax audits and the expiration of the statute of limitations for the U.S. and other international jurisdictions.
As of March 31, 2014, the amount of gross unrecognized tax benefits for continuing operations is $10.9 (excluding interest) of which $10.5 would impact our effective tax rate, if recognized. The amount of gross unrecognized tax benefits at December 31, 2013 for continuing operations was $16.7 (excluding interest), of which $15.4 would impact our effective tax rate, if recognized.
We recognize interest and penalties related to unrecognized tax benefits in income tax expense in the consolidated statements of income. We had recorded a liability for the payment of interest and penalties (gross) for continuing operations, of approximately $1.7 as of December 31, 2013. Activity for the three months ended March 31, 2014 included a $0.1 increase for additional accruals, which was offset by $0.7 due to settlements and foreign exchange, thus resulting in a liability for the payment of interest of $1.1 as of March 31, 2014.