XML 40 R62.htm IDEA: XBRL DOCUMENT v2.4.0.6
Income Taxes (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Jurisdictions
Dec. 31, 2009
Income before income taxes:      
U.S. $ 106.3 $ 54.3 $ 63.6
International 69.2 45.5 14.0
Total income before income taxes 175.5 99.8 77.6
Current:      
U.S. 10.6 1.1 1.5
International 7.6 5.7 0.9
Current provision for income taxes 18.2 6.8 2.4
Deferred:      
U.S. 24.4 15.1 23.8
International (1.0) 1.0 (4.2)
Deferred provision (benefit) for income taxes 23.4 16.1 19.6
Total provision for income taxes 41.6 22.9 22.0
U.S. federal statutory income tax rate (as a percent) 35.00%    
Reconciliation of provision for income taxes at U.S. federal statutory income tax rate to effective income tax rate      
Provision for taxes at U.S. federal statutory rate 61.5 34.9 27.1
State and local taxes, net of federal benefit 2.2 1.8 1.6
Foreign effective rate differential (8.4) (7.3) (7.4)
Other 1.3 1.4 (0.7)
Foreign Tax Credit Carryforward (2.4) (3.2) 1.4
U.S. Research & Development Tax Credits (1.0) (1.3) (2.0)
Wind Energy Tax Credit (0.1) (3.5)  
Tax Settlement (5.5)    
Change in valuation allowance (6.0) 0.1 2.0
Total provision for income taxes 41.6 22.9 22.0
Number of foreign jurisdictions in which provision reflects the favorable impact of a tax audit settlement   1  
Assets      
Net operating loss carryforwards 64.2 61.8  
Unfunded pension liability and other postretirement obligations 13.8 14.5  
Accelerated amortization   7.4  
Advanced payments from foreign affiliates 18.8    
Tax credit carryforwards 21.0 34.4  
Stock based compensation 11.3 9.0  
Other comprehensive income 13.4 8.8  
Reserves and other 14.7 15.4  
Subtotal 157.2 151.3  
Valuation allowance (39.4) (36.5)  
Total assets 117.8 114.8  
Liabilities      
Accelerated depreciation (39.4) (29.0)  
Accelerated amortization (1.2)    
Other (0.4) (0.8)  
Total liabilities (41.0) (29.8)  
Net deferred tax assets 76.8 85.0  
Deferred tax assets and deferred tax liabilities as presented in consolidated balance sheets      
Current deferred tax assets, net 45.1 23.3  
Current deferred tax liability, net (0.1) (0.1)  
Long-term deferred tax assets, net 33.0 63.6  
Long-term deferred tax liability, net (1.2) (1.8)  
Net deferred tax assets $ 76.8 $ 85.0