Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Tax Expense (Benefit) [Abstract]

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets (liabilities) resulting from temporary differences in the recognition of income and expense for tax and financial reporting purposes at December 31 consisted of the following:

	2012			2011
Deferred tax assets:
Accrued expenses and reserves	$	273.9		$	261.5
Pension and postretirement benefits	195.6			166.0
Asset revaluations	39.4			39.5
Capitalized expenses	131.8			105.8
Intangible assets	142.3			74.7
Share-based compensation	62.2			54.9
Restructuring initiatives	26.4			18.0
Postemployment benefits	14.0			18.4
Tax loss carryforwards	648.3			576.8
Foreign tax credit carryforwards	356.0			282.1
Minimum tax and business credit carryforwards	47.5			47.0
All other	65.5			66.0
Valuation allowance	(627.4		)	(546.1		)
Total deferred tax assets	1,375.5			1,164.6
Deferred tax liabilities:
Depreciation and amortization	(44.3		)	(48.6		)
Unremitted foreign earnings	(224.8		)	(46.8		)
Prepaid expenses	(10.0		)	(7.9		)
Capitalized interest	(10.2		)	(10.1		)
All other	(18.8		)	(16.5		)
Total deferred tax liabilities	(308.1		)	(129.9		)
Net deferred tax assets	$	1,067.4		$	1,034.7

Deferred Tax Assets (Liabilities) Classification

Deferred tax assets (liabilities) at December 31 were classified as follows:

	2012			2011
Deferred tax assets:
Prepaid expenses and other	$	273.5		$	319.0
Other assets	827.2			759.5
Total deferred tax assets	1,100.7			1,078.5
Deferred tax liabilities:
Income taxes	(6.1		)	(19.3		)
Long-term income taxes	(27.2		)	(24.5		)
Total deferred tax liabilities	(33.3		)	(43.8		)
Net deferred tax assets	$	1,067.4		$	1,034.7

Income from Continuing Operations before Taxes

Income from continuing operations, before taxes for the years ended December 31 was as follows:

	2012			2011			2010
United States	$	(436.5	)	$	(395.1	)	$	(228.7	)
Foreign	655.1			1,137.7			1,174.1
Total	$	218.6		$	742.6		$	945.4

Provision for Income Taxes

The provision for income taxes for the years ended December 31 was as follows:

	2012			2011			2010
Federal:
Current	$	38.8		$	41.7		$	40.1
Deferred	(183.9		)	(176.6		)	(117.2		)
	(145.1		)	(134.9		)	(77.1		)
Foreign:
Current	266.0			372.6			409.6
Deferred	144.5			(12.9		)	22.4
	410.5			359.7			432.0
State and other:
Current	1.2			(1.5		)	3.6
Deferred	(9.8		)	(7.1		)	(8.3		)
	(8.6		)	(8.6		)	(4.7		)
Total	$	256.8		$	216.2		$	350.2

Effective Tax Rate

The effective tax rate for the years ended December 31 was as follows:

	2012		2011		2010
Statutory federal rate	35.0	%	35.0	%	35.0	%
State and local taxes, net of federal tax benefit	(2.5	)	(.4	)	(.4	)
Taxes on foreign income, including translation	(3.9	)	(4.4	)	(2.4	)
Audit settlements, statute expirations and amended returns	(4.2	)	(4.3	)	(2.5	)
Additional tax on unremitted prior year foreign earnings	77.0		—		—
Reserves for uncertain tax positions	5.8		1.6		.8
China goodwill impairment	7.0		—		—
Net change in valuation allowances	2.9		.1		(.2	)
Venezuela devaluation and highly inflationary accounting	—		—		6.0
Other	.4		1.5		.7
Effective tax rate	117.5	%	29.1	%	37.0	%

Reconciliation of Beginning and Ending Amount of Unrecognized tax benefits

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

Balance at December 31, 2009	$	113.4
Additions based on tax positions related to the current year	7.5
Additions for tax positions of prior years	6.4
Reductions for tax positions of prior years	(14.4		)
Reductions due to lapse of statute of limitations	(5.3		)
Reductions due to settlements with tax authorities	(23.3		)
Balance at December 31, 2010	84.3
Additions based on tax positions related to the current year	1.2
Additions for tax positions of prior years	9.3
Reductions for tax positions of prior years	(20.0		)
Reductions due to lapse of statute of limitations	(6.7		)
Reductions due to settlements with tax authorities	(32.1		)
Balance at December 31, 2011	36.0
Additions based on tax positions related to the current year	7.4
Additions for tax positions of prior years	9.3
Reductions for tax positions of prior years	(3.7		)
Reductions due to lapse of statute of limitations	(6.4		)
Reductions due to settlements with tax authorities	(6.6		)
Balance at December 31, 2012	$	36.0

Tax Years Remaining

We file income tax returns in the U.S. federal jurisdiction, and various state and foreign jurisdictions. As of December 31, 2012, the tax years that remained subject to examination by major tax jurisdiction for our most significant subsidiaries were as follows:

Jurisdiction	Open Years
Brazil	2007-2012
China	2007-2012
Mexico	2007-2012
Poland	2007-2012
Russia	2011-2012
United States	2012