XML 45 R35.htm IDEA: XBRL DOCUMENT v3.21.2
Income Taxes (Tables)
6 Months Ended
Jun. 30, 2021
Income Tax Disclosure [Abstract]  
Component of Income Taxes Expenses

 

 

Three months ended

 

 

Six months ended

 

 

June 30,

 

 

June 30,

 

 

2020

 

 

2021

 

 

2020

 

 

2021

 

 

(In millions)

 

Expected tax expense, at U.S. federal statutory

   income tax rate of 21%

$

3.6

 

 

$

8.6

 

 

$

13.9

 

 

$

15.4

 

Incremental net tax benefit on earnings and losses of

   non-U.S., U.S. and non-tax group companies

 

(2.1

)

 

 

(.8

)

 

 

(3.9

)

 

 

(1.9

)

Non-U.S. tax rates

 

.1

 

 

 

1.0

 

 

 

1.0

 

 

 

1.8

 

Valuation allowance

 

7.2

 

 

 

.3

 

 

 

7.0

 

 

 

1.5

 

Adjustment to the reserve for uncertain tax positions, net

 

.6

 

 

 

.2

 

 

 

1.2

 

 

 

(.2

)

Global intangible low-tax income, net

 

11.9

 

 

 

.5

 

 

 

13.1

 

 

 

1.0

 

Nondeductible expenses

 

1.4

 

 

 

.2

 

 

 

1.8

 

 

 

.4

 

U.S. state income taxes and other, net

 

(1.5

)

 

 

.3

 

 

 

(1.5

)

 

 

.3

 

Income tax expense

$

21.2

 

 

$

10.3

 

 

$

32.6

 

 

$

18.3

 

Comprehensive provision for income taxes allocable to:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

21.2

 

 

$

10.3

 

 

$

32.6

 

 

$

18.3

 

Other comprehensive income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Currency translation

 

2.0

 

 

 

.2

 

 

 

(2.7

)

 

 

.4

 

Pension plans

 

1.8

 

 

 

2.1

 

 

 

3.6

 

 

 

4.2

 

Other

 

.1

 

 

 

-

 

 

 

(.1

)

 

 

(.1

)

Total

$

25.1

 

 

$

12.6

 

 

$

33.4

 

 

$

22.8