Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Taxes

Schedule of income from continuing operations before income taxes by geographic region

	Year Ended December 31,
	2017		2016		2015
U.S.	$	375.4	$	316.7	$	309.4
Non-U.S.		172.8		191.4		182.5
Income from continuing operations before income taxes	$	548.2	$	508.1	$	491.9

Schedule of income taxes relating to income from continuing operations

	Year Ended December 31,
	2017		2016		2015
Current:
Federal	$	(3.5)	$	(47.2)	$	61.8
State and local		4.2		4.7		11.5
Foreign		43.2		41.0		40.1
Total current	$	43.9	$	(1.5)	$	113.4
Deferred:
Federal		(150.5)		140.6		40.1
State and local		47.2		22.3		8.4
Foreign		(5.4)		(0.7)		(3.9)
Total deferred	$	(108.7)	$	162.2	$	44.6
Income taxes	$	(64.8)	$	160.7	$	158.0

Schedule of reconciliation of income taxes from continuing operations at federal statutory rate

	Year Ended December 31,
	2017		2016		2015
Income taxes at federal statutory rate of 35%	$	191.9	$	177.8	$	172.2
State and local income taxes, net of federal taxes		13.7		14.7		13.3
Non-U.S. income taxed at other rates		(25.2)		(26.8)		(27.4)
Revaluation of U.S. deferreds		(301.6)		—		—
Deemed mandatory repatriation		54.8		—		—
Other		1.6		(5.0)		(0.1)
Income taxes	$	(64.8)	$	160.7	$	158.0

Schedule of components of deferred tax assets and liabilities

	December 31,
	2017		2016
Deferred Tax Assets
Accrued liabilities	$	53.6	$	71.4
Net operating loss and credit carryforwards		131.0		32.4
Other		24.0		18.7
Total deferred tax assets		208.6		122.5
Valuation allowance		(36.6)		(17.2)
Net deferred tax assets	$	172.0	$	105.3
Deferred Tax Liabilities
Depreciation and amortization		(178.1)		(210.9)
Partnership investments		(469.5)		(448.1)
Convertible notes		(1.5)		(5.0)
Other		(4.4)		(5.9)
Total deferred tax liabilities		(653.5)		(669.9)
Net deferred tax liabilities	$	(481.5)	$	(564.6)

Schedule of movement in uncertain tax positions

	Year Ended December 31,
	2017		2016		2015
Uncertain tax positions — January 1	$	3.4	$	12.8	$	13.1
Gross increase — tax position in prior periods		0.2		0.2		0.2
Gross decrease — tax position in prior periods		(0.1)		(0.3)		—
Gross increase — current period tax position		—		—		—
Settlements		—		(7.8)		—
Lapse in statute of limitations		—		—		—
Foreign exchange		—		(1.5)		(0.5)
Uncertain tax positions — December 31	$	3.5	$	3.4	$	12.8