Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Income from Continuing Operations before Taxes

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

	2019		2018		2017
United States	$	(108.3)	$	39.3	$	(147.6)
Foreign	246.7		68.8		268.3
Total	$	138.4	$	108.1	$	120.7

Schedule of Provision for Income Taxes

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

	2019		2018		2017
Federal:
Current	$	(9.0)	$	(6.1)	$	—
Deferred	8.5		3.7		(34.0)
Total Federal	(0.5)		(2.4)		(34.0)
Foreign:
Current	79.0		182.3		130.6
Deferred	28.9		(53.0)		3.8
Total Foreign	107.9		129.3		134.4
State and Local:
Current	(4.3)		3.0		.3
Deferred	—		—		—
Total State and other	(4.3)		3.0		.3
Total	$	103.1	$	129.9	$	100.7

Schedule of Effective Tax Rate

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

	2019		2018		2017
Statutory federal rate	21.0	%	21.0	%	35.0	%
State and local taxes, net of federal tax benefit	(2.7)		2.2		.2
U.S. Tax Reform	—		—		(24.7)
Tax on foreign income	62.1		(16.2)		6.0
Tax on uncertain tax positions - Brazil	8.1		67.4		—
Tax on uncertain tax positions - Rest of World	8.5		8.5		(3.6)
Reorganizations	185.6		(91.3)		—
Net change in valuation allowances	(208.0)		128.3		62.4
Imputed royalties and associated non-deductible expenses	—		.6		9.5
Research credits	(.9)		(1.3)		(1.3)
Other	.8		1.0		(.1)
Effective tax rate	74.5	%	120.2	%	83.4	%

Schedule of Deferred Tax Assets and Liabilities

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

	2019		2018
Deferred tax assets:
Tax loss and deduction carryforwards	$	2,111.5	$	2,144.3
Tax credit carryforwards	658.3		830.5
All other future deductions	485.5		560.8
Valuation allowance	(2,960.0)		(3,257.5)
Total deferred tax assets	295.3		278.1
Deferred tax liabilities	$	(142.2)	$	(85.1)
Net deferred tax assets	$	153.1	$	193.0

Schedule of Deferred Tax Assets (Liabilities) Classification

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

	2019		2018
Deferred tax assets:
Other assets	$	161.2	$	212.6
Total deferred tax assets	161.2		212.6
Deferred tax liabilities:
Long-term income taxes	$	(8.1)	$	(19.6)
Total deferred tax liabilities	(8.1)		(19.6)
Net deferred tax assets	$	153.1	$	193.0

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, 2016	$	58.7
Additions based on tax positions related to the current year	1.3
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	43.5
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
Additions based on tax positions related to the current year	13.3
Additions for tax positions of prior years	186.6
Reductions for tax positions of prior years	(3.0)
Reductions due to lapse of statute of limitations	(.6)
Reductions due to settlements with tax authorities	(2.2)
Balance at December 31, 2019	$	331.7

Tax Years Remaining

As of December 31, 2019, the tax years that remained subject to examination by major tax jurisdiction for our most significant subsidiaries were as follows:

Jurisdiction	Open Years
Brazil	2014-2019
Mexico	2014-2019
Philippines	2016-2019
Poland	2014-2019
Russia	2017-2019
United Kingdom	2017-2019
United States (Federal)	2017-2019