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Taxation
 3 Months Ended
Mar. 31, 2020
Income Tax Disclosure [Abstract]  
TAXATION TAXATION
On March 27, 2020, the United States enacted the Coronavirus Aid, Relief, and Economic Security (CARES) Act as a result of the Coronavirus pandemic, which contains among other things, numerous income tax provisions. Some of these tax provisions are expected to be effective retroactively for years ending before the date of enactment. The company has evaluated the current legislation and at this time, does not anticipate the CARES Act to have a material impact on its financial statements.
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
$ in millions
Gross Unrecognized Income Tax Benefits
Balance at December 31, 2019
69.9

Additions for tax positions related to the current year
0.7

Additions for tax positions related to prior years
1.0

Other reductions for tax positions related to prior years
(0.8
)
Reductions for statute closings
(9.3
)
Balance at March 31, 2020
61.5


At March 31, 2020, the total amount of gross unrecognized tax benefits was $61.5 million as compared to the December 31, 2019 total of $69.9 million. During the three months ended March 31, 2020 the company recognized a $9.3 million tax benefit that resulted primarily from the expiration of a state statute of limitations for a previously recorded position. The remainder of the movement is comprised of additions to existing positions net of other settlements and reductions. Of the total amount of gross unrecognized tax benefits, $47.8 million (net of tax benefits in other jurisdictions and the federal benefit of state taxes) represents the amount of unrecognized tax benefits that, if recognized, would favorably affect the effective tax rate in future periods.
As a result of potential legislative changes; settlements with taxing authorities and the expiration of statutes of limitations for certain jurisdictions, it is reasonably possible that the company's gross unrecognized tax benefits balance may change within the next twelve months by a range of $5.0 million to $10.0 million.