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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2016
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign
For financial reporting purposes, income before income taxes includes the following components (in millions):
 
Year Ended
 
Dec 31, 2016
 
Dec 31, 2015
 
Dec 31, 2014
United States
$
(72.4
)
 
$
(30.2
)
 
$
(5.1
)
Foreign
(25.7
)
 
(120.9
)
 
(631.0
)
Total
$
(98.1
)
 
$
(151.1
)
 
$
(636.1
)
Schedule of Components of Income Tax Expense (Benefit)
The provision (benefit) for income taxes consisted of the following (in millions):
 
Year Ended
 
Dec 31, 2016
 
Dec 31, 2015
 
Dec 31, 2014
Current tax expense (benefit):
 
 
 
 
 
Federal
$
0.6

 
$
(0.2
)
 
$
(7.4
)
State
(0.2
)
 
(1.1
)
 
0.5

Foreign
18.6

 
10.9

 
29.6

Deferred tax expense (benefit):
 
 
 
 
 
Federal
(26.9
)
 
(20.1
)
 
15.1

State
(1.0
)
 
(0.5
)
 
0.7

Foreign
5.2

 
(3.8
)
 
(30.2
)
Total
$
(3.7
)
 
$
(14.8
)
 
$
8.3

Schedule of Effective Income Tax Rate Reconciliation
The reconciliation of reported income tax expense (benefit) to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income is as follows (in millions):
 
Year Ended
 
Dec 31, 2016
 
Dec 31, 2015
 
Dec 31, 2014
Income tax expense (benefit) at Federal statutory tax rate
$
(34.3
)
 
$
(52.9
)
 
$
(222.6
)
Foreign tax rate differential
2.5

 
13.2

 
30.6

Nondeductible / nontaxable items(1)
1.5

 
2.8

 
96.4

Impact of divestitures and liquidations (net of valuation allowances)
(9.0
)
 
(14.2
)
 
3.9

Change in uncertain tax positions
9.0

 
(8.8
)
 
(10.0
)
Withholding tax and surcharges
3.0

 
4.3

 
5.8

Change in valuation allowance
26.8

 
39.0

 
98.1

Other (net)
(3.2
)
 
1.8

 
6.1

Total
$
(3.7
)
 
$
(14.8
)
 
$
8.3


(1) For the year ended December 31, 2014, the major components consist of $40.5 million for goodwill impairments, $8.4 million for the FCPA accrual and $78.1 million for non-deductible Venezuela devaluation and functional currency adjustments, partially offset by $32.9 million for Venezuela inflation adjustments.
Schedule of Deferred Tax Assets and Liabilities
The components of deferred tax assets and liabilities were as follows (in millions):
 
Dec 31, 2016
 
Dec 31, 2015
Deferred tax assets:
 
 
 
Net operating loss carryforwards
$
238.7

 
$
160.8

Pension and retiree benefits accruals
33.5

 
36.3

Inventory
9.4

 
8.2

Depreciation and fixed assets
11.7

 
12.9

Intangibles
3.3

 
2.8

Tax credit carryforwards
10.3

 
8.8

Equity compensation
16.2

 
21.5

Other
53.3

 
76.5

Valuation allowance
(177.1
)
 
(172.1
)
Total deferred tax assets
199.3

 
155.7

Deferred tax liabilities:
 
 
 
Convertible debt discount
247.0

 
209.2

Inventory
2.4

 
1.0

Depreciation and fixed assets
25.7

 
28.3

Intangibles
4.9

 
7.4

Other
25.6

 
24.4

Total deferred tax liabilities
305.6

 
270.3

Net deferred tax assets (liabilities)
$
(106.3
)
 
$
(114.6
)
Summary of Income Tax Examinations
As of December 31, 2016, the Company has recognized deferred tax assets of approximately $93.5 million for gross tax loss carryforwards in various taxing jurisdictions as follows (in millions):
 
 
Tax Loss
 
 
Jurisdiction
 
Carryforward
 
Expiration
United States
 
$
229.7

 
2033-2036
France
 
11.6

 
Indefinite
New Zealand
 
7.5

 
Indefinite
Angola
 
3.4

 
2018-2019
Others
 
0.9

 
Various
Total
 
$
253.1

 
 
Summary of Income Tax Contingencies
The following is a tabular reconciliation of the total amounts of unrecognized tax benefits for the year:
(in millions)
 
Dec 31, 2016
 
Dec 31, 2015
 
Dec 31, 2014
Unrecognized Tax Benefit — Beginning balance
 
$
25.1

 
$
31.9

 
$
57.7

Gross Increases — Tax Positions in Prior Period
 
1.6

 
2.1

 
1.6

Gross Decreases — Tax Positions in Prior Period
 
(0.4
)
 
(0.6
)
 
(0.7
)
Gross Increases — Tax Positions in Current Period
 
11.1

 
2.6

 
7.3

Dispositions
 

 
(2.2
)
 
(0.9
)
Settlements
 
(0.4
)
 

 
(0.4
)
Lapse of Statute of Limitations
 
(3.3
)
 
(5.3
)
 
(12.9
)
Foreign Currency Translation
 
(0.3
)
 
(3.4
)
 
(19.8
)
Unrecognized Tax Benefit — Ending Balance
 
$
33.4

 
$
25.1

 
$
31.9