Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Income Taxes and Provision for Income Taxes

Income before income taxes and the provision for income taxes, for the three years ended December 31, 2017, were as follows:

(In millions)	2017			2016			2015
Income before income taxes:
U.S.	$	155.5		$	149.1		$	164.3
International		167.7			188.5			153.9
Total income before income taxes	$	323.2		$	337.6		$	318.2
Provision for income taxes:
Current:
U.S.	$	18.9		$	(9.5	)	$	(0.3	)
International		20.3			37.1			30.1
Current provision for income taxes		39.2			27.6			29.8
Deferred:
U.S.		(1.9	)		54.3			48.6
International		5.2			8.4			4.6
Deferred provision for income taxes		3.3			62.7			53.2
Total provision for income taxes	$	42.5		$	90.3		$	83.0

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

A reconciliation of the provision for income taxes at the U.S. federal statutory income tax rate of 35% to the effective income tax rate, for the three years ended December 31, 2017, is as follows:

(In millions)	2017			2016				2015
Provision for taxes at U.S. federal statutory rate	$	113.1		$		118.2		$		111.4
State and local taxes, net of federal benefit		0.2				3.1				2.5
Foreign effective rate differential		(14.4	)			(26.8	)			(22.6	)
Tax credits		(16.0	)			(10.1	)			(3.1	)
Change in Valuation Allowance		(9.1	)		10.4				3.1
Remeasurement of deferred taxes		(67.8	)		—				—
Transition Tax on undistributed foreign earnings		45.7			—				—
Excess Tax Benefits of Stock Based Compensation		(7.6	)			(2.8	)		—
Other		4.9				4.9				3.3
Release of reserves for uncertain tax positions		(6.5	)			(6.6	)			(11.6	)
Total provision for income taxes	$	42.5		$		90.3		$		83.0

Schedule of Deferred Income Taxes

Principal components of deferred income taxes as of December 31, 2017 and 2016 are: 

(In millions)	2017				2016
Assets
Net operating loss carryforwards	$	65.1			$	58.9
Unfunded pension liability and other postretirement obligations		0.5				5.6
Tax credit carryforwards		10.8					13.0
Stock based compensation		7.1				16.2
Other comprehensive income		0.2				4.6
Reserves and other		13.5				20.8
Subtotal		97.2				119.1
Valuation allowance			(54.9	)			(58.9	)
Total assets	$		42.3		$	60.2
Liabilities
Accelerated depreciation			(144.1	)			(160.6	)
Accelerated amortization			(11.3	)			(12.9	)
Other			(1.3	)			(0.4	)
Total liabilities	$		(156.7	)	$		(173.9	)
Net deferred tax liabilities	$		(114.4	)	$		(113.7	)

Schedule of Classification of Deferred Tax Assets and Deferred Tax Liabilities in Consolidated Balance Sheets

Deferred tax assets and deferred tax liabilities as presented in the consolidated balance sheets as of December 31, 2017 and 2016 are as follows and are recorded in prepaid expenses and other current assets, deferred tax assets, other accrued liabilities and other non-current liabilities in the consolidated balance sheets:

(In millions)	2017			2016
Long-term deferred tax assets, net		14.3			8.9
Long-term deferred tax liability, net		(128.7	)		(122.6	)
Net deferred tax liabilities	$	(114.4	)	$	(113.7	)

Schedule of Unrecognized Tax Benefits

The following table summarizes the activity related to our unrecognized tax benefits.

(In millions)	2017			2016			2015
Balance as of January 1,	$	16.7		$	25.3		$	43.1
Additions based on tax positions related to the current year		5.3			7.3			1.7
(Reductions) additions for tax positions of prior years		(6.1	)		(11.1	)		(16.6	)
Expiration of the statute of limitations for the assessment of taxes		(4.8	)		(4.2	)		(0.6	)
Other, including currency translation		1.2			(0.6	)		(2.3	)
Balance as of December 31,	$	12.3		$	16.7		$	25.3