XML 18 R33.htm IDEA: XBRL DOCUMENT v2.4.0.8
INCOME TAXES (Tables)
3 Months Ended
Mar. 31, 2014
Income Tax Disclosure [Abstract]  
Effective Tax Rate Reconciliation (Percent)
The following table accounts for the difference between the actual tax provision and the amounts obtained by applying the statutory U.S. federal income tax rate of 35.0% to income before taxes.

 
 
Three Months Ended
March 31,
Effective Tax Rate Reconciliation (Percent)
 
2014
 
2013
Statutory federal tax rate
 
35.0
 %
 
35.0
 %
Foreign rate differential
 
(0.1
)
 
(0.1
)
Domestic manufacturing/export tax incentive
 
(2.1
)
 
(1.1
)
Dividends paid to CEOP
 
(0.3
)
 
(0.4
)
Remeasurement of deferred taxes
 
(0.3
)
 

Change in valuation allowance
 
4.2

 

State income taxes, net
 
2.4

 
2.9

Other, net
 

 
0.2

Effective tax rate
 
38.8
 %
 
36.5
 %

Unrecognized Tax Benefits
amount of unrecognized tax benefits was as follows:
 
March 31,
 
2014
 
2013
 
($ in millions)
Balance at beginning of year
$
34.5

 
$
40.1

Settlement with taxing authorities
(0.2
)
 

Balance at end of period
$
34.3

 
$
40.1


As
Tax Returns Subject to Examination
 For our primary tax jurisdictions, the tax years that remain subject to examination are as follows:
 
Tax Years
U.S. federal income tax
2008; 2010 – 2013
U.S. state income tax
2006 – 2013
Canadian federal income tax
2009 – 2013
Canadian provincial income tax
2008 – 2013