Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of income (loss) from continuing operations before income taxes

	Years Ended December 31,
(In millions)	2015			2014		2013
Income (loss) from continuing operations before income taxes
U.S.	$	(23.2	)	(79.4	)	(58.1	)
Foreign	64.3			30.4		197.7
Income (loss) from continuing operations before income taxes	$	41.1		(49.0	)	139.6

Schedule of Components of Income Tax Expense Benefit

Provision (benefit) for income taxes from continuing operations
Current tax expense (benefit)
U.S. federal	$	(1.0	)	(3.8	)	0.5
State	(0.2		)	(0.8	)	1.5
Foreign	60.6			69.7		81.9
Current tax expense	59.4			65.1		83.9
Deferred tax expense (benefit)
U.S. federal	7.7			(7.6	)	(20.6	)
State	—			(1.9	)	(1.9	)
Foreign	(0.6		)	(18.9	)	(12.1	)
Deferred tax benefit	7.1			(28.4	)	(34.6	)
Provision (benefit) for income taxes of continuing operations	$	66.5		36.7		49.3

Comprehensive provision (benefit) for income taxes allocation

	Years Ended December 31,
(In millions)	2015			2014		2013
Comprehensive provision (benefit) for income taxes allocable to
Continuing operations	$	66.5		36.7		49.3
Discontinued operations	(1.0		)	0.4		7.4
Other comprehensive income (loss)	(0.7		)	(43.0	)	141.0
Equity	1.8			0.6		2.8
Comprehensive provision (benefit) for income taxes	$	66.6		(5.3	)	200.5

Schedule of Effective Income Tax Rate Reconciliation

The following table reconciles the difference between the actual tax rate on continuing operations and the statutory U.S. federal income tax rate of 35%.

	Years Ended December 31,
(In percentages)	2015		2014		2013
U.S. federal tax rate	35.0	%	35.0	%	35.0	%
Increases (reductions) in taxes due to:
Venezuela devaluation	61.3		(86.3	)	—
Tax on accelerated U.S. income(a)	57.3		—		—
Adjustments to valuation allowances	18.9		(16.9	)	4.2
Foreign income taxes	(18.2	)	(0.7	)	(6.7	)
Medicare subsidy for retirement plans	—		—		(1.1	)
French business tax	8.9		(9.0	)	3.2
Taxes on undistributed earnings of foreign affiliates	(1.2	)	(3.7	)	(0.1	)
State income taxes, net	(4.1	)	5.2		(0.1	)
Other	3.9		1.5		0.9
Actual income tax rate on continuing operations	161.8	%	(74.9	)%	35.3	%

(a) In the fourth quarter of 2015, we recognized a $23.5 million increase to current tax expense related to a transaction that accelerated U.S. taxable income.

Schedule of Deferred Tax Assets and Liabilities

Components of Deferred Tax Assets and Liabilities

	December 31,
(In millions)	2015			2014
Deferred tax assets
Pension liabilities	$	76.4		74.2
Retirement benefits other than pensions	79.4			77.8
Workers’ compensation and other claims	41.2			42.4
Property and equipment, net	2.5			4.1
Other assets and liabilities	120.6			135.2
Net operating loss carryforwards	37.1			47.4
Alternative minimum and other tax credits(a)	47.5			46.7
Subtotal	404.7			427.8
Valuation allowances	(45.7		)	(40.1	)
Total deferred tax assets	359.0			387.7
Deferred tax liabilities
Retirement benefits other than pensions	1.0			—
Other assets and miscellaneous	36.3			38.9
Deferred tax liabilities	37.3			38.9
Net deferred tax asset	$	321.7		348.8
Included in:
Current assets	$	—		71.9
Noncurrent assets	329.8			289.5
Current liabilities	—			(1.8	)
Noncurrent liabilities	(8.1		)	(10.8	)
Net deferred tax asset	$	321.7		348.8

(a) U.S. alternative minimum tax credits of $32.5 million have an unlimited carryforward period, U.S. foreign tax credits of $12.3 million have a 10 year carryforward period and the remaining credits of $2.7 million have various carryforward periods.  The U.S. foreign tax credits have a $10.4 million valuation allowance.

Summary of Valuation Allowance

Based on our analysis of positive and negative evidence including historical and expected future taxable earnings, and a consideration of available tax-planning strategies, we believe it is more likely than not that we will realize the benefit of the existing deferred tax assets, net of valuation allowances, at December 31, 2015.

	Years Ended December 31,
(In millions)	2015			2014		2013
Valuation allowances:
Beginning of year	$	40.1		32.4		47.4
Expiring tax credits	(0.3		)	(0.5	)	(1.8	)
Acquisitions and dispositions	—			(1.0	)	(32.7	)
Changes in judgment about deferred tax assets(a)	1.5			1.9		(0.2	)
Other changes in deferred tax assets, charged to:
Income from continuing operations	8.4			6.3		6.1
Income from discontinued operations	—			3.3		12.6
Other comprehensive income (loss)	0.3			0.6		—
Foreign currency exchange effects	(4.3		)	(2.9	)	1.0
End of year	$	45.7		40.1		32.4

(a) Changes in judgment about valuation allowances are based on a recognition threshold of “more-likely-than-not.” Amounts are based on beginning-of-year balances of deferred tax assets that could potentially be realized in future years.   Amounts are recognized in income from continuing operations.

Net Operating Losses

The tax benefit of net operating loss carryforwards, before valuation allowances, as of December 31, 2015, was $37.1 million, and expires as follows:

(In millions)	Federal		State	Foreign	Total
Years of expiration
2016-2020	$	—	0.1	3.0	3.1
2021-2025	—		0.3	12.5	12.8
2026 and thereafter	—		12.3	0.8	13.1
No expiration	—		—	8.1	8.1
	$	—	12.7	24.4	37.1

Uncertain Tax Positions

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

	Years Ended December 31,
(In millions)	2015			2014		2013
Uncertain tax positions:
Beginning of year	$	7.2		10.8		11.8
Increases related to prior-year tax positions	—			0.4		0.1
Decreases related to prior-year tax positions	(0.3		)	—		—
Increases related to current-year tax positions	1.1			1.1		2.3
Settlements	—			—		(0.7	)
Effect of the expiration of statutes of limitation	(0.7		)	(1.3	)	(3.4	)
Decrease related to dispositions	—			(1.0	)	—
Foreign currency exchange effects	(0.4		)	(2.8	)	0.7
End of year	$	6.9		7.2		10.8