Income Taxes (Tables)

9 Months Ended

Sep. 30, 2017

Income Taxes

Reconciliation Between U.S. Corporate Income Tax Rate and Effective Income Tax Rate from Continuing Operations (Table)

	For the three months ended		For the nine months ended
	September 30,		September 30,
	2017	2016	2017	2016
U.S. corporate income tax rate	35  %	35%	35  %	35%
Dividends received deduction	(4)	(11)	(7)	(10)
Tax credits	(2)	(4)	(2)	(2)
Impact of equity method presentation	(1)	(3)	(2)	(3)
Local country permanent tax adjustments	(1)	(2)	(1)	(1)
Interest exclusion from taxable income	(1)	(2)	(1)	(1)
Impact of noncontrolling interest presentation	—	(2)	—	(1)
State income taxes	4	—	2	—
Other	—	1	—	(2)
Effective income tax rate	30  %	12%	24  %	15%

Changes in Unrecognized Tax Benefits (Table)

	For the nine months ended		For the year ended
	September 30, 2017		December 31, 2016
	(in millions)
Balance at beginning of period	$	207.8	$	219.0
Additions based on tax positions related to the current year	7.0		0.8
Additions for tax positions of prior years	19.3		0.8
Reductions for tax positions related to the current year	(0.3)		(12.6)
Reductions for tax positions of prior years	(0.5)		(0.2)
Settlements	(36.7)		—
Balance at end of period (1)	$	196.6	$	207.8

(1) Of this amount, $44.4 million, if recognized, would reduce the 2017 effective income tax rate. We recognize interest and penalties related to uncertain tax positions in operating expenses.