Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

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,
	2013			2012			2011
	(In millions)
U.S.	$	(25.2	)	$	(266.1	)	$	(57.1	)
International	2.2			(57.3		)	26.9
Total	$	(23.0	)	$	(323.4	)	$	(30.2	)

Schedule of Components of Income Tax Expense (Benefit)

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



	Years Ended December 31,
	2013			2012			2011
	(In millions)
Current
Federal	$	(0.7	)	$	(11.5	)	$	2.2
State	—			—			—
International	5.9			6.3			6.0
Deferred
Federal	—			8.8			—
State	—			—			—
International	(3.8		)	(2.2		)	(3.2		)
Total	$	1.4		$	1.4		$	5.0

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,
	2013			2012			2011
	(In millions)
Tax at statutory U.S. tax rate	$	(8.1	)	$	(113.2	)	$	(10.6	)
State income taxes, net of federal benefit	(0.2		)	(6.3		)	(1.9		)
Net effect of international operations	3.1			25.0			(0.8		)
Settlement of UK pension plan	(2.3		)	—			—
Valuation allowances	(3.2		)	89.2			11.6
U.S. tax on foreign earnings	6.2			3.9			4.8
Stock-based compensation	3.1			2.4			1.6
Uncertain tax positions	2.2			0.3			0.2
Other	0.6			0.1			0.1
Income tax provision	$	1.4		$	1.4		$	5.0

Schedule of Deferred Tax Assets and Liabilities

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



	As of December 31,
	2013			2012
	(In millions)
Accounts receivable allowances	$	3.0		$	6.9
Inventories	9.1			12.9
Compensation and employee benefits	8.0			11.2
Tax credit carryforwards	35.8			39.2
Net operating loss carryforwards	115.2			83.5
Accrued liabilities and other reserves	9.0			9.3
Pension	6.0			9.4
Property, plant and equipment	8.9			—
Intangible assets, net	55.3			76.9
Other, net	1.8			2.7
Gross deferred tax assets	252.1			252.0
Valuation allowance	(239.4		)	(239.1		)
Deferred tax assets	12.7			12.9

Property, plant and equipment	—			(1.3		)
Deferred tax liabilities	—			(1.3		)
Net deferred tax assets	$	12.7		$	11.6

Components of Deferred Tax Balances

The table below shows the components of our deferred tax balances after the results of that netting process as they are recorded on our Consolidated Balance Sheets:



	As of December 31
	2013			2012
	(In millions)
Deferred tax asset - current	$	4.6		$	4.7
Deferred tax asset - non-current	9.5			9.3
Deferred tax liability - current	(0.4		)	(0.3		)
Deferred tax liability - non-current	(1.0		)	(2.1		)
Total	$	12.7		$	11.6

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, 2010	$	14.9
Additions:
Tax positions of current years	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
Additions:
Tax positions of current year	0.3
Tax positions of prior years	1.1
Reductions:
Tax positions of prior years	(0.4		)
Settlements with taxing authorities	—
Lapse of statute of limitations	(0.1		)
Balance at December 31, 2013	$	5.3