Income Taxes (Tables)

3 Months Ended

Mar. 31, 2014

Income Tax Disclosure [Abstract]

Reconciliation of Statutory Federal Income Tax Rate to Effective Income Tax Rate

The statutory federal income tax rate is reconciled to our effective income tax rate below:

Effective tax rate	Three months ended
	March 31, 2014		March 31, 2013
Federal rate	35.0	%	35.0	%
State and local income taxes, net of federal income tax benefit	(0.7	)	1.7
Tax-exempt income	(2.8	)	(3.0	)
Foreign operations	(4.6	)	(4.9	)
Tax credits	(0.8	)	(4.1	)
Tax litigation	—		103.5
Other – net	(1.0	)	0.5
Effective tax rate	25.1	%	128.7	%