Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Taxes [Abstract]

Income Before Income Taxes [Table Text Block]

Income before income taxes for the three years ended December 31, 2012 was (in millions):

	2012		2011		2010
Domestic	$	683.5	$	581.0	$	573.2
International	976.1		968.0		777.2
	$	1,659.6	$	1,549.0	$	1,350.4

Income Tax Expense [Table Text Block]

Income tax expense (benefit) for the three years ended December 31, 2012 was (in millions):

	2012			2011		2010
Current:
Federal	$	163.3		$	158.6	$	107.2
State and local	40.1			14.4		11.7
International	298.3			239.5		233.1
	501.7			412.5		352.0
Deferred:
Federal	41.7			83.6		98.9
State and local	4.7			4.9		3.6
International	(21.0		)	4.8		5.7
	25.4			93.3		108.2
	$	527.1		$	505.8	$	460.2

Reconciliation from the Statutory U.S. Federal Income Tax Rate to Effective Tax Rate [Table Text Block]

A reconciliation from the statutory U.S. federal income tax rate to our effective tax rate is:

	2012		2011		2010
Statutory U.S. federal income tax rate	35.0	%	35.0	%	35.0	%
State and local income taxes, net of federal income tax benefit	1.7		0.8		0.7
Reduction of tax on unremitted foreign earnings due to     legal reorganization	(1.3	)	—		—
Remeasurement gain Clemenger Group, tax rate differential	—		(2.6	)	—
International tax rate differentials	(3.3	)	(1.4	)	(2.1	)
Other	(0.3	)	0.9		0.5
Effective tax rate	31.8	%	32.7	%	34.1	%

Components of Deferred Tax Assest and Liabilities [Table Text Block]

The components of deferred tax assets and liabilities at December 31, 2012 and 2011 were (in millions):

	2012			2011
Deferred tax assets:
Compensation and severance	$	283.0		$	291.5
Tax loss and credit carryforwards	176.1			156.3
Basis differences from acquisitions	20.7			37.2
Basis differences from short-term assets and liabilities	31.8			33.6
Other	44.2			19.8
Deferred tax assets	555.8			538.4
Valuation allowance	(47.8		)	(24.9		)
Net deferred tax assets	$	508.0		$	513.5
Deferred tax liabilities:
Goodwill and intangible assets	$	635.2		$	577.4
Financial instruments	508.7			480.3
Unremitted foreign earnings	124.7			143.2
Basis differences from investments	12.2			11.1
Deferred tax liabilities	$	1,280.8		$	1,212.0
Net deferred tax assets (liabilities)	$	(772.8	)	$	(698.5	)

Net Deferred Tax Assets and (Liabilities) as Classified in the Balance Sheet [Table Text Block]

ur net deferred tax assets and (liabilities) at December 31, 2012 and 2011, were classified as follows (in millions):

	2012			2011
Other current assets - Deferred taxes	$	160.2		$	169.1
Long-term deferred tax liabilities	(933.0		)	(867.6		)
	$	(772.8	)	$	(698.5	)

Reconciliation of Unrecognized Tax Benefits [Table Text Block]

A reconciliation of our unrecognized tax benefits at December 31, 2012 and 2011 is (in millions):

	2012			2011
Balance January 1	$	157.8		$	165.1
Additions:
Current year tax positions	17.1			12.2
Prior year tax positions	27.3			12.5
Reduction of prior year tax positions	(7.9		)	(14.8		)
Settlements	(0.2		)	(16.7		)
Lapse of statute of limitations	(6.0		)	—
Foreign currency translation	0.5			(0.5		)
Balance December 31	$	188.6		$	157.8