Income Taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income Tax Disclosure [Abstract]

Component of Income Taxes Expenses

	Years ended December 31,
	2018			2019			2020
	(In millions)
Pre-tax income (loss):
United States	$	(22.5	)	$	23.5		$	45.2
Non-U.S. subsidiaries		258.7			81.2			55.4
Total	$	236.2		$	104.7		$	100.6
Expected tax expense at U.S. federal statutory income tax rate of 21%	$	49.6		$	22.0		$	21.1
Non-U.S. tax rates		20.8			5.2			.5
Incremental net tax benefit on earnings and losses of   U.S. and non-U.S. tax group companies		(167.8	)		(4.5	)		(8.7	)
Valuation allowance		-			4.5			3.8
Transition tax		(2.1	)		-			-
Global intangible low-tax income, net		4.0			1.8			2.2
Tax rate changes		58.8			4.7			(.2	)
U.S. state income taxes, net		.6			(.3	)		.9
Adjustment to the reserve for uncertain tax   positions, net		4.1			(5.1	)		(3.8	)
Nondeductible expenses		3.0			1.5			1.0
Canada - Germany APA		(1.4	)		-			-
Refund of prior tax payments, net		-			(2.1	)		-
Other, net		(.3	)		(1.2	)		(.9	)
Income tax expense (benefit)	$	(30.7	)	$	26.5		$	15.9
Components of income tax expense (benefit):
Currently payable:
U.S. federal and state	$	34.1		$	4.3		$	13.3
Non-U.S.		51.1			22.0			14.9
Total		85.2			26.3			28.2
Deferred income taxes (benefit):
U.S. federal and state		(145.5	)		(4.1	)		(10.3	)
Non-U.S.		29.6			4.3			(2.0	)
Total		(115.9	)		.2			(12.3	)
Income tax expense (benefit)	$	(30.7	)	$	26.5		$	15.9
Comprehensive provision for income taxes (benefit)   allocable to:
Income (loss) from continuing operations	$	(30.7	)	$	26.5		$	15.9
Discontinued operations		23.7			-			.6
Retained earnings-change in accounting principle		1.1			-			-
Other comprehensive income (loss):
Currency translation		(4.2	)		(.2	)		1.6
Pension plans		(4.7	)		(15.6	)		(7.3	)
Other		(.4	)		(.5	)		(.4	)
Total	$	(15.2	)	$	10.2		$	10.4

Components of Net Deferred Tax Asset (Liability)

The components of the net deferred income taxes at December 31, 2019 and 2020 are summarized in the following table.  

	December 31,
	2019						2020
	Assets			Liabilities			Assets			Liabilities
	(In millions)
Tax effect of temporary differences related to:
Inventories	$	3.7		$	-		$	1.9		$	-
Property and equipment		-			(61.8	)		-			(67.2	)
Lease assets (liabilities)		5.9			(6.1	)		6.3			(6.5	)
Accrued OPEB costs		2.8			-			3.0			-
Accrued pension costs		80.6			-			100.5			-
Accrued environmental liabilities		33.8			-			31.0			-
Other deductible differences		8.3			-			9.2			-
Other taxable differences		-			(13.7	)		-			(13.1	)
Investments in subsidiaries and affiliates		2.6			(54.4	)		2.7			(48.1	)
Tax on unremitted earnings of non-U.S. subsidiaries		-			(10.8	)		-			(12.0	)
Tax loss and tax credit carryforwards		91.2			-			100.4			-
Valuation allowance		(14.2	)		-			(17.5	)		-
Adjusted gross deferred tax assets (liabilities)		214.7			(146.8	)		237.5			(146.9	)
Netting of items by tax jurisdiction		(108.7	)		108.7			(117.3	)		117.3
Net noncurrent deferred tax asset (liability)	$	106.0		$	(38.1	)	$	120.2		$	(29.6	)

Changes in Uncertain Tax Positions

	Years ended December 31,
	2018			2019			2020
	(In millions)
Unrecognized tax benefits:
Amount at beginning of year	$	17.1		$	21.0		$	13.8
Net increase (decrease):
Tax positions taken in prior periods		1.3			(5.6	)		(.3	)
Tax positions taken in current period		4.5			.7			.6
Lapse due to applicable statute of limitations		(1.8	)		-			(4.8	)
Settlement with taxing authorities		-			(2.2	)		-
Changes in currency exchange rates		(.1	)		(.1	)		.3
Amount at end of year	$	21.0		$	13.8		$	9.6