Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

Consolidated income (loss) from continuing operations before taxes consists of the following:



(in millions)	2013			2012			2011
U.S.	$	0.8		$	45.5		$	(22.4	)
Foreign	(27.5		)	(32.6		)	(49.8		)
Consolidated (loss) income from continuing operations before tax	$	(26.7	)	$	12.9		$	(72.2	)

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Provision for (benefit from) income taxes from continuing operations consists of the following:



(in millions)	2013			2012			2011
Current:
U.S. federal	$	—		$	(4.6	)	$	(1.2	)
State and local	—			(0.1		)	0.1
Foreign income and withholding taxes	0.6			(0.6		)	0.1
Total current:	$	0.6		$	(5.3	)	$	(1.0	)
Deferred:
U.S. federal	7.7			(4.8		)	—
State and local	—			—			—
Foreign	(0.6		)	(0.1		)	0.1
Total deferred:	7.1			(4.9		)	0.1
Provision for (benefit from) income taxes from continuing operations	$	7.7		$	(10.2	)	$	(0.9	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation between the actual income tax expense (benefit) and the income tax expense (benefit) computed by applying the statutory federal income tax rate of 35% to income before tax is as follows:



(in millions)	2013			2012			2011
Income taxes expense (benefit) at U.S. statutory rate	$	(9.3	)	$	4.5		$	(25.3	)
State and local income taxes, net of federal benefit	—			(0.1		)	0.1
Foreign tax rate differential	0.2			0.2			0.4
Valuation allowances	(2.1		)	(88.7		)	25.7
Tax attribute expiration	9.1			68.5			—
Intraperiod allocation	7.1			(4.8		)	—
Release of uncertain tax positions	—			(4.5		)	—
Tax refunds	(0.4		)	(1.0		)	(1.7		)
Deemed foreign dividend	—			15.7			—
Deferred tax adjustments	4.0			—			—
Transfer pricing	2.2			—			—
Tax exempt income	(5.8		)	—			—
Non-deductible expense	1.9			—			—
Other items, net	0.8			—			(0.1		)
Income tax expense (benefit) at effective worldwide tax rates	$	7.7		$	(10.2	)	$	(0.9	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Significant components of our deferred tax assets and liabilities as of December 31, were as follows:



(in millions)	2013			2012
Deferred tax assets:
Other postretirement liabilities	$	6.3		$	5.6
Product warranty and self-insured risks	0.3			2.7
Tax carry forwards	292.9			305.2
Other accruals and miscellaneous	22.6			26.9
Subtotal	322.1			340.4
Valuation allowance	(305.2		)	(307.3		)
Total deferred tax assets	$	16.9		$	33.1
Deferred tax liabilities:
Property, plant & equipment	$	7.8		$	14.0
Pension	—			13.9
Unrealized gains on securities	6.4			1.6
Other	2.6			3.5
Total deferred tax liabilities	16.8			33.0
Net deferred tax assets	$	0.1		$	0.1

Deferred tax balance sheet classification [Table Text Block]

Deferred tax details included in the Consolidated Balance Sheets at December 31, are as follows:



(in millions)	2013		2012
Deferred tax assets	$	1.9	$	0.3
Deferred tax liabilities	1.8		0.2
Total	$	0.1	$	0.1

Summary of Other Tax Carryforwards [Table Text Block]

At December 31, 2013, we had the following tax carry forwards:



(in millions)	Amounts		Expiration
U.S. Federal Net Operating Loss	$	184.5	2027 to 2033
U.S. State Net Operating Loss	16.9		2016 to 2033
Foreign Net Operating Losses	54.1		Unlimited
U.S. Tax Credits	37.1		2015 to 2031
U.S. Alternative Minimum Tax Credit	0.3		Unlimited
Total operating loss and tax credit carry forwards	$	292.9

Schedule of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns Roll Forward [Table Text Block]

The following reconciliation illustrates the unrecognized tax benefits for the years ended December 31:



(in millions)	2013		2012
Unrecognized tax benefits – beginning of period	$	—	$	5.5
Settlements	—		(5.5		)
Unrecognized tax benefits – end of period	$	—	$	—