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Income Taxes (Tables)
3 Months Ended
Mar. 31, 2017
Income Tax Disclosure [Abstract]  
Component of Income Taxes Expenses

 

 

Three months ended
March 31,

 

 

2016

 

 

2017

 

 

(In millions)

Expected tax expense (benefit) at U.S. federal statutory income tax rate of 35%

$

(10.7

)

 

$

13.9

 

Incremental net tax on earnings and losses of non-U.S. and U.S. subsidiaries

 

2.4

 

 

 

11.2

 

Non-U.S. tax rates

 

.2

 

 

 

(2.4

)

Valuation allowance

 

 

 

 

(5.0

)

Adjustment to the reserve for uncertain tax positions, net

 

.2

 

 

 

.5

 

Nondeductible expenses

 

.1

 

 

 

.5

 

Domestic production activities deduction

 

(.3

)

 

 

(.6

)

U.S. state income taxes and other, net

 

(.5

)

 

 

(.1

)

Income tax expense (benefit)

$

(8.6

)

 

$

18.0

 

 

 

 

Comprehensive provision for income taxes allocable to:

 

 

Net income (loss)

$

(8.6

)

 

$

18.0

 

Other comprehensive income (loss):

 

 

 

 

 

 

 

Marketable securities

 

(.2

)

 

 

(.2

)

Currency translation

 

2.8

 

 

 

1.7

 

Interest rate swap

 

(2.1

)

 

 

.4

 

Pension plans

 

.8

 

 

 

.9

 

OPEB plans

 

(.2

)

 

 

(.1

)

Total

$

(7.5

)

 

$

20.7