Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Taxes

Schedule of income taxes and provision for income taxes

(In millions)	2013		2012		2011
Income before income taxes:
U.S.	$	149.8	$	137.4	$	106.3
International	112.8		100.3		69.2
Total income before income taxes	$	262.6	$	237.7	$	175.5
Provision for income taxes:
Current:
U.S.	$	30.5	$	36.9	$	10.6
International	29.2		20.7		7.6
Current provision for income taxes	59.7		57.6		18.2
Deferred:
U.S.	13.1		10.4		24.4
International	3.2		6.1		(1.0		)
Deferred provision for income taxes	16.3		16.5		23.4
Total provision for income taxes	$	76.0	$	74.1	$	41.6

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)	2013			2012			2011
Provision for taxes at U.S. federal statutory rate	$	91.9		$	83.2		$	61.5
State and local taxes, net of federal benefit	2.0			2.2			2.2
Foreign effective rate differential	(12.5		)	(10.3		)	(8.4		)
Research and Development tax credits	(2.8		)	(0.7		)	(2.0		)
Other	(2.6		)	0.5			(0.2		)
Tax Settlement	—			0.2			(5.5		)
Change in valuation allowance	—			(1.0		)	(6.0		)
Total provision for income taxes	$	76.0		$	74.1		$	41.6

Schedule of deferred income taxes

(In millions)	2013			2012
Assets
Net operating loss carryforwards	$	63.6		$	56.2
Unfunded pension liability and other postretirement obligations	16.0			15.3
Advanced payments from foreign affiliates	28.9			22.3
Tax credit carryforwards	11.2			35.4
Stock based compensation	14.4			12.6
Other comprehensive income	6.0			14.0
Reserves and other	18.9			14.7
Subtotal	159.0			170.5
Valuation allowance	(62.3		)	(49.4		)
Total assets	$	96.7		$	121.1
Liabilities
Accelerated depreciation	(63.4		)	(50.1		)
Accelerated amortization	(9.2		)	(8.2		)
Other	(0.8		)	(0.2		)
Total liabilities	$	(73.4	)	$	(58.5	)
Net deferred tax asset	$	23.3		$	62.6

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

(In millions)	2013			2012
Current deferred tax assets, net	$	63.3		$	62.5
Current deferred tax liability, net	(1.4		)	(0.2		)
Long-term deferred tax assets, net	10.3			15.4
Long-term deferred tax liability, net	(48.9		)	(15.1		)
Net deferred tax assets	$	23.3		$	62.6

Schedule of unrecognized tax benefits

	Unrecognized Tax Benefits
(In millions)	2013			2012			2011
Balance as of January 1,	$	32.6		$	12.5		$	20.1
Additions based on tax positions related to the current year	5.2			1.7			1.5
Additions/(reductions) for tax positions of prior years	5.7			19.0			(1.1		)
Decreases relating to settlements with tax authorities	—			—			(6.7		)
Expiration of the statute of limitations for the assessment of taxes	(1.3		)	(0.8		)	(1.6		)
Other, including currency translation	0.5			0.2			0.3
Balance as of December 31,	$	42.7		$	32.6		$	12.5