Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Income before Income Tax, Domestic and Foreign

The components of loss from continuing operations before income taxes were as follows:



	Years Ended December 31,
	2012			2011			2010
	(In millions)
U.S.	$	(282.5	)	$	(67.0	)	$	(114.3	)
International	(58.6		)	24.1			37.9
Total	$	(341.1	)	$	(42.9	)	$	(76.4	)

Schedule of Components of Income Tax Expense (Benefit)

The components of the income tax provision (benefit) from continuing operations were as follows:



	Years Ended December 31,
	2012			2011			2010
	(In millions)
Current
Federal	$	(11.9	)	$	1.5		$	12.1
State	—			—			3.8
International	4.9			5.5			9.0
Deferred
Federal	8.8			—			44.7
State	—			—			8.6
International	(2.2		)	(3.2		)	3.7
Total	$	(0.4	)	$	3.8		$	81.9

Schedule of Effective Income Tax Rate Reconciliation

The income tax provision from continuing operations differs from the amount computed by applying the statutory United States income tax rate (35 percent) because of the following items:



	Years Ended December 31,
	2012			2011			2010
	(In millions)
Tax at statutory U.S. tax rate	$	(119.4	)	$	(15.0	)	$	(26.8	)
State income taxes, net of federal benefit	(6.8		)	(2.2		)	(3.7		)
Net effect of international operations	23.6			(1.3		)	(2.8		)
Valuation allowances	95.9			17.6			105.2
U.S. tax on foreign earnings	3.9			4.8			5.1
Uncertain tax positions	0.3			0.2			1.3
Other	2.1			(0.3		)	3.6
Income tax provision (benefit)	$	(0.4	)	$	3.8		$	81.9

Schedule of Deferred Tax Assets and Liabilities

The components of net deferred tax assets and liabilities were as follows:



	As of December 31,
	2012			2011
	(In millions)
Accounts receivable allowances	$	6.9		$	5.6
Inventories	12.9			12.3
Compensation and employee benefits	11.2			9.7
Tax credit carryforwards	39.2			35.0
Net operating loss carryforwards	83.5			49.5
Accrued liabilities and other reserves	9.3			16.3
Pension	9.4			8.7
Property, plant and equipment	—			14.0
Intangible assets	76.9			5.6
Other, net	2.7			5.5
Gross deferred tax assets	252.0			162.2
Valuation allowance	(239.1		)	(141.1		)
Deferred tax assets	12.9			21.1

Property, plant and equipment	(1.3		)	—
Deferred tax liabilities	(1.3		)	—
Net deferred tax assets	$	11.6		$	21.1

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:



	Amount
	(In Millions)
Balance at December 31, 2009	$	13.8
Additions:
Tax positions of current years	0.3
Tax positions of prior years	1.3
Reductions:
Settlements with taxing authorities	(0.2		)
Lapse of statute of limitations	(0.3		)
Balance at December 31, 2010	14.9
Additions:
Tax positions of current year	0.3
Tax positions of prior years	0.1
Reductions:
Settlements with taxing authorities	—
Lapse of statute of limitations	(0.2		)
Balance at December 31, 2011	15.1
Additions:
Tax positions of current year	0.3
Tax positions of prior years	0.6
Reductions:
Tax positions of prior years	(11.3		)
Settlements with taxing authorities	(0.2		)
Lapse of statute of limitations	(0.1		)
Balance at December 31, 2012	$	4.4