Income Taxes	6 Months Ended
Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Effective Income Tax Rate and Income Tax Provision Our effective income tax rate for the three months ended June 30, 2017 was 66.3% and for the six months ended June 30, 2017 was 115.1%. Our effective income tax rate is higher than the statutory rate primarily due to the impact of recording additional tax expense related to the repatriation strategy for foreign earnings and tax versus book basis differences which should be recovered upon the sale of Diversey of $17.8 million and a tax expense related to a settlement of a foreign position of $3.4 million. Our effective income tax rate for the three months ended June 30, 2016 was 97.1% and for the six months ended June 30, 2016 was 48.0%. The effective tax rate for the six months ended June 30, 2016 was negatively impacted by foreign currency exchange losses related to Venezuelan subsidiaries of approximately $47.3 million for which the Company will receive no tax benefits. As this loss was driven by the Company’s change to an alternative foreign exchange market, the tax impact of this loss was treated as a discrete item in the second quarter of 2016. In the second quarter of 2016, the Company recorded a net discrete income tax expense of $22.3 million related to an increase in valuation allowance on foreign tax credits, a net increase in unrecognized tax benefits and balance sheet adjustments. Unrecognized Tax Benefits During the six months ended June 30, 2017, we decreased our unrecognized tax benefits by $1.7 million primarily related to expiration of the statute of limitations and settlements of foreign positions. We have not changed our policy with regard to the reporting of penalties and interest related to unrecognized tax benefits.

Income Taxes

6 Months Ended

Jun. 30, 2017

Effective Income Tax Rate and Income Tax Provision

Our effective income tax rate for the three months ended June 30, 2017 was 66.3% and for the six months ended June 30, 2017 was 115.1%. Our effective income tax rate is higher than the statutory rate primarily due to the impact of recording additional tax expense related to the repatriation strategy for foreign earnings and tax versus book basis differences which should be recovered upon the sale of Diversey of $17.8 million and a tax expense related to a settlement of a foreign position of $3.4 million.

Our effective income tax rate for the three months ended June 30, 2016 was 97.1% and for the six months ended June 30, 2016 was 48.0%. The effective tax rate for the six months ended June 30, 2016 was negatively impacted by foreign currency exchange losses related to Venezuelan subsidiaries of approximately $47.3 million for which the Company will receive no tax benefits. As this loss was driven by the Company’s change to an alternative foreign exchange market, the tax impact of this loss was treated as a discrete item in the second quarter of 2016. In the second quarter of 2016, the Company recorded a net discrete income tax expense of $22.3 million related to an increase in valuation allowance on foreign tax credits, a net increase in unrecognized tax benefits and balance sheet adjustments.

Unrecognized Tax Benefits

During the six months ended June 30, 2017, we decreased our unrecognized tax benefits by $1.7 million primarily related to expiration of the statute of limitations and settlements of foreign positions. We have not changed our policy with regard to the reporting of penalties and interest related to unrecognized tax benefits.