Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The following table presents components of income (loss) from continuing operations before income taxes for the years ended December 31:

	2016			2015			2014
Domestic	$	(215.2	)	$	(56.6	)	$	(15.3	)
Foreign	(23.1		)	102.4			170.0
Total	$	(238.3	)	$	45.8		$	154.7

Schedule of Components of Income Tax Expense (Benefit)

The following table presents the components of income tax (benefit) expense from continuing operations for the years ended December 31:

	2016			2015			2014
Current
U.S. federal	$	(67.2	)	$	(2.0	)	$	0.3
Foreign	54.0			38.2			61.5
State and local	(10.6		)	(0.6		)	—
Total current	(23.8		)	35.6			61.8
Deferred
U.S. federal	3.6			(38.3		)	(2.6		)
Foreign	(50.2		)	(11.1		)	(9.4		)
State and local	2.8			0.1			(2.4		)
Total deferred	(43.8		)	(49.3		)	(14.4		)
Income tax (benefit) expense	$	(67.6	)	$	(13.7	)	$	47.4

Schedule of Effective Income Tax Rate Reconciliation

Income tax (benefit) expense attributable to income (loss) from continuing operations differed from the amounts computed by applying the U.S. federal income tax rate of 35 percent to pretax income (loss) from continuing operations. The following table presents these differences for the years ended December 31:

	2016			2015			2014
Statutory tax (benefit) expense	$	(83.4	)	$	16.0		$	54.1
Brazil non-taxable incentive	(5.8		)	(4.2		)	(15.5		)
Valuation allowance	14.9			(0.7		)	9.5
Brazil tax goodwill amortization	—			—			(1.5		)
Foreign tax rate differential	(10.0		)	(19.4		)	(14.9		)
Foreign subsidiary earnings	13.7			(9.1		)	14.6
Accrual adjustments	1.1			1.5			2.2
Business tax credits	(0.7		)	(1.4		)	(2.4		)
Non-deductible (non-taxable) items	2.3			4.2			—
Other	0.3			(0.6		)	1.3
Income tax (benefit) expense	$	(67.6	)	$	(13.7	)	$	47.4

Summary of Income Tax Contingencies

Details of the unrecognized tax benefits are as follows:

	2016			2015
Balance at January 1	$	13.1		$	15.0
Increases (decreases) related to prior year tax positions	34.8			(0.4		)
Increases related to current year tax positions	2.5			0.9
Settlements	(3.4		)	(0.2		)
Reduction due to lapse of applicable statute of limitations	(3.8		)	(2.2		)
Balance at December 31	$	43.2		$	13.1

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company's deferred tax assets and liabilities at December 31 are as follows:

	2016			2015
Deferred tax assets
Accrued expenses	$	74.5		$	40.8
Warranty accrual	19.7			22.0
Deferred compensation	16.2			14.0
Allowance for doubtful accounts	10.3			11.9
Inventories	26.1			12.7
Deferred revenue	19.1			20.1
Pension and post-retirement benefits	92.3			70.4
Tax credits	52.1			62.5
Net operating loss carryforwards	88.4			58.5
Capital loss carryforwards	1.8			1.9
State deferred taxes	17.1			16.3
Other	0.5			12.1
	418.1			343.2
Valuation allowance	(87.8		)	(63.9		)
Net deferred tax assets	$	330.3		$	279.3
Deferred tax liabilities
Property, plant and equipment	$	39.7		$	20.5
Goodwill and intangible assets	271.5			17.6
Partnership interest	3.7			7.7
Undistributed earnings	6.5			7.3
Net deferred tax liabilities	321.4			53.1
Net deferred tax asset	$	8.9		$	226.2

Schedule of Deferred Income Taxes by Balance Sheet Account

Deferred income taxes reported in the consolidated balance sheets as of December 31 are as follows:

	2016			2015
Deferred income taxes - current assets	$	—		$	168.8
Deferred income taxes - long-term assets	309.5			65.3
Other current liabilities	—			(6.0		)
Deferred income taxes - long-term liabilities	(300.6		)	(1.9		)
Net deferred tax asset	$	8.9		$	226.2