Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Taxes

Schedule of income taxes and provision for income taxes

(In millions)	2012		2011			2010
Income before income taxes:
U.S.	$	137.4	$	106.3		$	54.3
International	100.3		69.2			45.5
Total income before income taxes	$	237.7	$	175.5		$	99.8
Provision for income taxes:
Current:
U.S.	$	36.9	$	10.6		$	1.1
International	20.7		7.6			5.7
Current provision for income taxes	57.6		18.2			6.8
Deferred:
U.S.	10.4		24.4			15.1
International	6.1		(1.0		)	1.0
Deferred provision for income taxes	16.5		23.4			16.1
Total provision for income taxes	$	74.1	$	41.6		$	22.9

Schedule of a reconciliation of the provision for income taxes at the U.S. federal statutory income tax rate to the actual income tax provision

(In millions)	2012			2011			2010
Provision for taxes at U.S. federal statutory rate	$	83.2		$	61.5		$	34.9
State and local taxes, net of federal benefit	2.2			2.2			1.8
Foreign effective rate differential	(10.3		)	(8.4		)	(7.3		)
Other	—			1.3			1.4
Foreign Tax Credit Carryforwards	(0.7		)	(2.4		)	(3.2		)
U.S. Research & Development Tax Credits	0.5			(1.0		)	(1.3		)
Tax Settlement	0.2			(5.5		)	—
Wind Energy Tax Credit	—			(0.1		)	(3.5		)
Change in valuation allowance	(1.0		)	(6.0		)	0.1
Total provision for income taxes	$	74.1		$	41.6		$	22.9

Schedule of deferred income taxes

(In millions)	2012			2011
Assets
Net operating loss carryforwards	$	56.2		$	64.2
Unfunded pension liability and other postretirement obligations	15.3			13.8
Advanced payments from foreign affiliates	22.3			18.8
Tax credit carryforwards	35.4			21.0
Stock based compensation	12.6			11.3
Other comprehensive income	14.0			13.4
Reserves and other	14.7			14.7
Subtotal	170.5			157.2
Valuation allowance	(49.4		)	(39.4		)
Total assets	$	121.1		$	117.8
Liabilities
Accelerated depreciation	(50.1		)	(39.4		)
Accelerated amortization	(8.2		)	(1.2		)
Other	(0.2		)	(0.4		)
Total liabilities	$	(58.5	)	$	(41.0	)
Net deferred tax asset	$	62.6		$	76.8

Schedule of classification of deferred tax assets and deferred tax liabilities in consolidated balance sheets

(In millions)	2012			2011
Current deferred tax assets, net	$	62.5		$	45.1
Current deferred tax liability, net	(0.2		)	(0.1		)
Long-term deferred tax assets, net	15.4			33.0
Long-term deferred tax liability, net	(15.1		)	(1.2		)
Net deferred tax assets	$	62.6		$	76.8

Schedule of unrecognized tax benefits

	Unrecognized Tax Benefits
(In millions)	2012			2011			2010
Balance as of January 1,	$	12.5		$	20.1		$	19.4
Additions based on tax positions related to the current year	1.7			1.5			2.6
Additions/(Reductions) for tax positions of prior years	19.0			(1.1		)	—
Decreases relating to settlements with tax authorities	—			(6.7		)	—
Expiration of the statute of limitations for the assessment of taxes	(0.8		)	(1.6		)	(0.5		)
Other, including currency translation	0.2			0.3			(1.4		)
Balance as of December 31,	$	32.6		$	12.5		$	20.1