XML 101 R77.htm IDEA: XBRL DOCUMENT v3.3.1.900
INCOME TAXES (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2015
Dec. 31, 2014
Pre-tax income [Abstract]          
Domestic $ 599.6 $ 758.6 $ 844.2    
Foreign 132.5 68.1 71.4    
Total pre-tax income 732.1 826.7 915.6    
Current:          
Federal 218.3 233.6 231.6    
State 39.8 30.1 29.9    
Foreign 69.4 22.7 22.5    
Total current income taxes 327.5 286.4 284.0    
Deferred Federal Income Tax Expense (Benefit) (14.1) 29.1 55.2    
Deferred:          
Federal 3.9        
State (4.2) 3.7 6.1    
Foreign (15.1) (5.1) (5.1)    
Total deferred income taxes (33.4) 27.7 56.2    
Total income tax provision 294.1 314.1 340.2    
Tax benefit associated with option exercises from stock plans $ 13.1 $ 5.9 $ 10.6    
Federal statutory tax rate reconciliation [Abstract]          
Statutory federal rate 35.00% 35.00% 35.00%    
State and local income taxes, net of federal income tax effect 3.20% 2.70% 2.60%    
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent (1.80%) 0.00% 0.00%    
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Restructuring Charges, Percent 2.70% 0.00% 0.00%    
Other 1.10% 0.30% (0.40%)    
Effective rate 40.20% 38.00% 37.20%    
Deferred tax assets:          
Accounts receivable       $ 13.4 $ 12.9
Employee compensation and benefits       140.6 110.7
Self insurance reserves       36.9 27.6
Postretirement benefit obligation       7.5 10.2
Acquisition and restructuring reserves       24.5 20.1
Tax loss carryforwards       98.3 69.1
Other       4.3 2.4
Total deferred tax assets       325.5 253.0
Less: valuation allowance       (15.1) (17.1)
Net deferred tax assets       310.4 235.9
Deferred tax liabilities:          
Deferred earnings       (189.5) (15.8)
Intangible assets       (979.2) (496.3)
Property, plant and equipment       (211.9) (93.5)
Zero-coupon subordinated notes       (87.4) (92.8)
Currency translation adjustment       (47.3) (48.7)
Total gross deferred tax liabilities       (1,204.9) (511.2)
Deferred Tax Liabilities, Gross       1,515.3 747.1
Foreign tax loss carryovers       39.5  
Foreign Tax Loss Carryover with Valuation Allowance $ 27.4        
Federal tax loss carryovers       245.0  
Federal tax loss carryovers, expiration dates Dec. 31, 2035        
Capital loss carryover       6.8  
Gross unrecognized income tax benefits $ 16.7 $ 25.6 $ 36.4 24.2 16.7
Accrued interest and penalties related to unrecognized income tax benefits       12.7 8.2
Interest and penalties expense related to unrecognized income tax benefits 1.8 2.2 2.4    
Interest and penalties benefit related to unrecognized income tax benefits 2.2 3.3 2.9    
Reconciliation of unrecognized tax benefits [Roll Forward]          
Balance as of January 1 16.7 25.6 36.4    
Increase in reserve for tax positions taken in the current year 4.1 0.0 1.9    
Increase in reserve as a result of acquisition (8.5) 0.0 0.0    
Decrease in reserve as a result of settlements reached with tax authorities 0.0 0.0 (4.4)    
Decrease in reserve as a result of lapses in the statute of limitations (5.1) (8.9) (8.3)    
Balance as of December 31 $ 24.2 $ 16.7 $ 25.6    
Unrecognized income tax benefits that would impact effective tax rate       24.2 $ 16.7
Undistributed Earnings of Foreign Subsidiaries       $ 662.0