INCOME TAXES INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

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

The components of income (loss) from continuing operations before income taxes are as follows (in millions):

	Year Ended December 31,
	2014			2013			2012
United States	$	314.1		$	340.7		$	127.2
Foreign	(16.9		)	(49.4		)	(0.9		)
Income (loss) from continuing operations before income taxes	$	297.2		$	291.3		$	126.3

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

The major components of the Company’s provision for (benefit from) income taxes on continuing operations before income taxes are summarized below (in millions):

	Year Ended December 31,
	2014			2013			2012
Current:
Federal	$	6.8		$	49.3		$	29.7
State	7.6			5.4			3.8
Foreign	41.0			36.5			45.9
Current income tax provision (benefit)	55.4			91.2			79.4
Deferred:
Federal	7.1			22.2			(8.8		)
State	(0.7		)	1.3			(0.6		)
Foreign	(24.1		)	(27.3		)	(18.5		)
Deferred income tax (benefit) provision	(17.7		)	(3.8		)	(27.9		)
Total provision for (benefit from) income taxes	$	37.7		$	87.4		$	51.5

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

The tax effects of the basis differences and loss carry forwards as of December 31, 2014 and 2013 for continuing operations are summarized below for major balance sheet captions (in millions):

	2014			2013
Property, plant and equipment	$	(79.0	)	$	(76.2	)
Intangibles	(105.3		)	(140.2		)
Customer advances	(17.0		)	(9.8		)
Inventories	31.0			40.2
Accrued warranties and product liability	17.0			18.7
Loss carry forwards	241.8			210.7
Retirement plans	61.6			39.3
Accrued compensation and benefits	54.0			54.1
Investments	(10.4		)	(10.6		)
Currency translation adjustments	17.5			(3.2		)
Credit carry forwards	8.9			12.1
Other	61.9			50.1
Deferred tax assets valuation allowance	(229.1		)	(181.8		)
Net deferred tax assets (liabilities)	$	52.9		$	3.4

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

The Company’s Provision for (benefit from) income taxes is different from the amount that would be provided by applying the statutory federal income tax rate to the Company’s Income (loss) from continuing operations before income taxes.  The reasons for the difference are summarized as follows (in millions):

	Year Ended December 31,
	2014			2013			2012
Tax at statutory federal income tax rate	$	104.0		$	102.0		$	44.2
State taxes (net of Federal benefit)	4.5			4.4			2.0
Change in valuation allowance	27.4			6.9			14.2
Foreign tax differential on income/losses of foreign subsidiaries	(10.7		)	1.4			(7.8		)
U.S. tax on multi-national operations	4.4			(12.3		)	(0.4		)
Change in foreign statutory rates	2.5			3.6			3.2
U.S. manufacturing and export incentives	(6.0		)	(7.1		)	(4.0		)
Tax effect of dispositions	(84.9		)	(1.5		)	(6.3		)
Other	(3.5		)	(10.0		)	6.4
Total provision for (benefit from) income taxes	$	37.7		$	87.4		$	51.5

Summary of Income Tax Contingencies [Table Text Block]

The following table summarizes the activity related to the Company’s total (including discontinued operations) unrecognized tax benefits (in millions):

Balance as of January 1, 2012	$	169.6
Additions for current year tax positions	—
Additions for prior year tax positions	15.1
Reductions for prior year tax positions	(22.3		)
Reductions for tax positions related to current year	—
Reductions related to expiration of statute of limitations	(23.2		)
Settlements	(1.3		)
Acquired balances	10.7
Balance as of December 31, 2012	148.6
Additions for current year tax positions	—
Additions for prior year tax positions	10.6
Reductions for prior year tax positions	(17.0		)
Reductions for tax positions related to current year	—
Reductions related to expiration of statute of limitations	(42.7		)
Settlements	(15.8		)
Acquired balances	—
Balance as of December 31, 2013	83.7
Additions for current year tax positions	1.9
Additions for prior year tax positions	1.2
Reductions for prior year tax positions	(10.1		)
Reductions for tax positions related to current year	—
Reductions related to expiration of statute of limitations	(2.4		)
Settlements	(0.1		)
Acquired balances	—
Balance as of December 31, 2014	$	74.2