INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2014

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,	2014		2013		2012
U.S.	$	71.4	$	169.1	$	26.1
Non-U.S.	118.8		74.9		77.1
Total	$	190.2	$	244.0	$	103.2

Components Of Income Tax Provision

The components of the income tax provision are as follows:

Years ended December 31,	2014			2013			2012
Current:
U.S. Federal	$	22.7		$	26.6		$	32.4
Non-U.S.	29.3			21.7			32.8
Other, principally state	2.8			0.5			1.9
Total current	$	54.8		$	48.8		$	67.1
Deferred:
U.S. Federal	$	(7.7	)	$	25.1		$	(24.1	)
Non-U.S.	0.7			(3.5		)	(14.2		)
Other, principally state	(1.7		)	1.9			(1.3		)
Total deferred	$	(8.7	)	$	23.5		$	(39.6	)
Total income tax provision	$	46.1		$	72.3		$	27.5

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,	2014		2013		2012
Federal income tax rate	35.0	%	35.0	%	35.0	%
Research and development credit	(1.0	)%	(0.8	)%	—	%
Income subject to other than the federal income tax rate	(5.6	)%	(1.1	)%	(10.5	)%
Tax expense on unrepatriated earnings of international subsidiaries	—	%	(2.0	)%	7.3	%
Change in tax rates	(0.2	)%	(1.5	)%	0.5	%
State taxes, net of federal benefits	0.5	%	1.8	%	1.1	%
Valuation allowance	—	%	0.6	%	0.2	%
Tax law change	—	%	(1.1	)%	—	%
Favorable resolution of prior year audits	(2.9	)%	—	%	(8.6	)%
Domestic manufacturing deduction	(1.5	)%	(1.3	)%	(3.9	)%
Nondeductible transaction costs	—	%	—	%	2.6	%
Other charges, net	(0.1	)%	—	%	2.9	%
Effective tax rate	24.2	%	29.6	%	26.6	%

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,	2014			2013
Deferred tax assets:
Allowance for bad debts	$	0.3		$	0.3
Self-insurance accruals	16.1			16.6
Operating accruals	7.4			9.7
Environmental accruals	20.9			22.2
Pension and postretirement benefit liabilities	90.3			57.9
Employee benefit accruals	29.9			28.8
Tax credit carry forwards	48.6			60.1
Net operating losses	21.1			20.2
Inventory	—			8.5
Capital loss carryforward	95.0			104.9
Other	6.8			1.7
Gross deferred tax assets	$	336.4		$	330.9
Valuation allowance	(114.6		)	(125.9		)
Total net deferred tax assets	$	221.8		$	205.0
Deferred tax liabilities:
Inventory	(2.6		)	—
Plants, equipment and facilities	(65.9		)	(59.3		)
Insurance receivables	(7.1		)	(7.4		)
Intangibles	(108.5		)	(111.8		)
Other	(0.8		)	(0.9		)
Gross deferred tax liabilities	$	(184.9	)	$	(179.4	)
Net deferred tax assets	$	36.9		$	25.6

Roll-Forward Of Unrecognized Tax Benefits

Set forth below is the tabular roll-forward of our 2014 and 2013 unrecognized tax benefits from uncertain tax positions:

	2014			2013
Balance as of beginning of the year:	$	16.7		$	19.7
Increase due to Umeco Acquisition	—			0.8
Increase due to tax positions related to current periods	0.8			2.9
Increase due to tax positions related to prior periods	0.5			0.9
Decrease due to tax positions related to prior periods	(5.4		)	(3.0		)
Decrease due to lapse of Statute of Limitations	(2.2		)	(0.4		)
Settlements	(0.1		)	(3.9		)
Foreign exchange	(0.3		)	(0.3		)
Balance as of the end of the year:	$	10.0		$	16.7