Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of Components of Income Tax Expense (Benefit)

The Company’s provision for income taxes from continuing operations consists of the following:



	Year Ended December 31,
	2015			2014			2013
Current:
United States federal	$	(21.3	)	$	33.8		$	(3.1	)
Foreign	25.3			45.6			10.2
State and local	—			1.1			1.5
Total current	4.0			80.5			8.6
Deferred:
United States federal	6.0			(42.4		)	30.7
Foreign	(4.3		)	(27.5		)	34.0
State and local	2.9			2.2			(0.8		)
Total deferred	4.6			(67.7		)	63.9
Total	$	8.6		$	12.8		$	72.5

Schedule of Effective Income Tax Rate Reconciliation

The following is a reconciliation of the statutory federal income tax rate with the effective tax rate from continuing operations for the tax expense in 2015, 2014 and 2013, respectively:



	Year Ended December 31,
	2015		2014		2013
U.S. federal statutory rate	35.0	%	35.0	%	35.0	%
Permanent differences	2.3		8.6		6.8
State and local income taxes, net of federal income tax	1.1		1.7		0.4
International rate differential, including tax holidays	(21.2	)	(29.8	)	(14.0	)
Foreign valuation allowances	1.0		2.3		—
Adjustments for uncertain tax positions	(12.9	)	1.2		2.3
Tax credits and other	0.6		(4.5	)	(10.4	)
Foreign repatriation, net of foreign tax credits	(1.0	)	(4.6	)	35.2
Effective rate	4.9	%	9.9	%	55.3	%

Schedule of Deferred Tax Assets and Liabilities

The components of deferred tax assets and liabilities are as follows:



	At December 31,
	2015			2014
Deferred tax assets:
Loss and credit carryforwards	$	91.8		$	104.7
Pension and employee benefits	37.7			44.7
Restructuring charges	0.3			1.3
Deferred revenue	3.2			2.9
Foreign currency hedges	16.2			11.4
Intercompany payables/receivables	62.0			48.3
Other	42.4			47.9
Valuation allowances	(36.2		)	(39.3		)
Total deferred tax assets	217.4			221.9
Deferred tax liabilities:
Depreciation and amortization	277.4			291.4
Deferred implementation costs	0.1			0.6
Contingent debt and accrued interest	77.9			67.7
Unremitted foreign earnings	15.8			15.7
Other	7.6			7.3
Total deferred tax liabilities	378.8			382.7
Net deferred tax liabilities	$	(161.4	)	$	(160.8	)

Deferred tax assets and liabilities in the preceding table, after netting by taxing jurisdiction, are in the following captions in the Consolidated Balance Sheets at December 31, 2015 and 2014.



	At December 31,
	2015			2014
Non-current deferred tax asset	$	14.6		$	15.0
Non-current deferred tax liability	176.0			175.8
Total deferred tax liability	$	(161.4	)	$	(160.8	)

Summary of Income Tax Contingencies

A reconciliation of the beginning and ending total amounts of unrecognized tax benefits (exclusive of interest and penalties) is as follows:



	2015			2014
Balance at January 1	$	37.1		$	32.6
Additions based on tax positions related to the current year	0.2			0.4
Additions for tax positions of prior years	6.1			—
Additions for tax positions of Stream on the date of acquisition	—			5.9
Settlements	(5.0		)	0.5
Reductions for tax positions of prior years	0.1			(0.7		)
Lapse of statutes	(16.9		)	(1.6		)
Balance at December 31	$	21.6		$	37.1