Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Income from Continuing Operations before Taxes

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

	2018		2017			2016
United States	$	39.3	$	(147.6	)	$	(403.0	)
Foreign	68.8		268.3			434.2
Total	$	108.1	$	120.7		$	31.2

Schedule of Provision for Income Taxes

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

	2018			2017			2016
Federal:
Current	$	(6.1	)	$	—		$	—
Deferred	3.7			(34.0		)	—
Total Federal	(2.4		)	(34.0		)	—
Foreign:
Current	182.3			130.6			128.5
Deferred	(53.0		)	3.8			(4.2		)
Total Foreign	129.3			134.4			124.3
State and Local:
Current	3.0			.3			.3
Deferred	—			—			—
Total State and other	3.0			.3			.3
Total	$	129.9		$	100.7		$	124.6

Schedule of Effective Tax Rate

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

	2018		2017		2016
Statutory federal rate	21.0	%	35.0	%	35.0	%
State and local taxes, net of federal tax benefit	2.2		.2		.6
U.S. Tax Reform	—		(24.7	)	—
Tax on foreign income	(16.2	)	6.0		(24.4	)
Tax on uncertain tax positions - Brazil	67.4		—		—
Tax on uncertain tax positions - Rest of World	8.5		(3.6	)	34.1
Reorganizations	(91.3	)	—		(93.6	)
Net change in valuation allowances	128.3		62.4		375.1
Venezuela deconsolidation, devaluation and highly inflationary accounting	—		—		23.9
Imputed royalties and associated non-deductible expenses	.6		9.5		50.3
Research credits	(1.3	)	(1.3	)	(5.4	)
Other	1.0		(.1	)	3.8
Effective tax rate	120.2	%	83.4	%	399.4	%

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets (liabilities) at December 31 consisted of the following:

	2018			2017
Deferred tax assets:
Tax loss and deduction carryforwards	$	2,144.3		$	2,022.1
Tax credit carryforwards	830.5			981.0
All other future deductions	560.8			471.0
Valuation allowance	(3,257.5		)	(3,217.7		)
Total deferred tax assets	278.1			256.4
Deferred tax liabilities	$	(85.1	)	$	(74.9	)
Net deferred tax assets	$	193.0		$	181.5

Schedule of Deferred Tax Assets (Liabilities) Classification

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

	2018			2017
Deferred tax assets:
Other assets	$	212.6		$	203.8
Total deferred tax assets	212.6			203.8
Deferred tax liabilities:
Long-term income taxes	$	(19.6	)	$	(22.3	)
Total deferred tax liabilities	(19.6		)	(22.3		)
Net deferred tax assets	$	193.0		$	181.5

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, 2015	$	53.0
Additions based on tax positions related to the current year	1.8
Additions for tax positions of prior years	9.4
Reductions for tax positions of prior years	(2.8		)
Reductions due to lapse of statute of limitations	(.7		)
Reductions due to settlements with tax authorities	(2.0		)
Balance at December 31, 2016	58.7
Additions based on tax positions related to the current year	1.4
Additions for tax positions of prior years	17.6
Reductions for tax positions of prior years	(7.9		)
Reductions due to lapse of statute of limitations	(3.1		)
Reductions due to settlements with tax authorities	(18.0		)
Balance at December 31, 2017	48.6
Additions based on tax positions related to the current year	43.6
Additions for tax positions of prior years	65.5
Reductions for tax positions of prior years	(3.7		)
Reductions due to lapse of statute of limitations	(.9		)
Reductions due to settlements with tax authorities	(15.4		)
Balance at December 31, 2018	$	137.6

Tax Years Remaining

As of December 31, 2018, the tax years that remained subject to examination by major tax jurisdiction for our most significant subsidiaries were as follows:

Jurisdiction	Open Years
Brazil	2013-2018
Mexico	2013-2018
Philippines	2014-2018
Poland	2013-2018
Russia	2017-2018
United Kingdom	2017-2018
United States (Federal)	2017-2018