INCOME TAXES INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

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

	Year Ended December 31,
	2018			2017			2016
United States	$	(57.0	)	$	(36.3	)	$	(29.9	)
Foreign	205.7			148.3			(240.8		)
Income (loss) from continuing operations before income taxes	$	148.7		$	112.0		$	(270.7	)

Schedule of Components of Income Tax Expense (Benefit)

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,
	2018			2017			2016
Current:
Federal	$	12.1		$	(14.5	)	$	31.5
State	1.4			2.0			6.2
Foreign	33.0			26.8			38.2
Current income tax provision (benefit)	46.5			14.3			75.9
Deferred:
Federal	(15.9		)	37.4			(27.0		)
State	1.2			(0.5		)	(1.4		)
Foreign	5.6			0.8			(124.9		)
Deferred income tax (benefit) provision	(9.1		)	37.7			(153.3		)
Total provision for (benefit from) income taxes	$	37.4		$	52.0		$	(77.4	)

Schedule of Deferred Tax Assets and Liabilities

The tax effects of the basis differences and loss carry forwards as of December 31, 2018 and 2017 for continuing operations are summarized below for major balance sheet captions (in millions):

	2018			2017
Property, plant and equipment	$	(4.6	)	$	(8.8	)
Intangibles	(5.0		)	(5.7		)
Inventories	10.0			13.9
Accrued warranties and product liability	9.0			7.8
Loss carry forwards	197.2			218.4
Retirement plans	18.1			21.5
Accrued compensation and benefits	34.0			28.9
Other	3.6			21.1
Deferred tax assets valuation allowance	(115.4		)	(136.4		)
Net deferred tax assets (liabilities)	$	146.9		$	160.7

Schedule of Effective Income Tax Rate Reconciliation

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,
	2018			2017				2016
Tax at statutory federal income tax rate	$	31.2		$	39.2			$	(94.7	)
State taxes	2.0			1.0				3.1
Change in valuation allowance	(15.0		)	(2.8		)		(47.7		)
Foreign tax differential on income/losses of foreign subsidiaries	5.2			(20.1		)		(37.5		)
U.S. tax on multi-national operations	16.6			11.1				41.9
Tax effect of dispositions	—			(27.2		)		2.1
2017 Federal Tax Act	5.5			46.9			(1)	—
Impairment loss on goodwill and intangible assets	—			—				52.4
Expired stock awards	—			2.4				—
Pension plan settlement	(9.3		)	—				—
Other	1.2			1.5				3.0
Total provision for (benefit from) income taxes	$	37.4		$	52.0			$	(77.4	)

Summary of Income Tax Contingencies

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, 2016	$	69.4
Additions for current year tax positions	—
Additions for prior year tax positions	6.3
Reductions for prior year tax positions	(3.1		)
Reductions for current year tax positions	—
Reductions for expiration of statute of limitations	(5.0		)
Settlements	(7.8		)
Balance as of December 31, 2016	59.8
Additions for current year tax positions	—
Additions for prior year tax positions	12.3
Reductions for prior year tax positions	(29.9		)
Reductions for current year tax positions	—
Reductions for expiration of statute of limitations	(1.3		)
Settlements	(6.8		)
Balance as of December 31, 2017	34.1
Additions for current year tax positions	—
Additions for prior year tax positions	6.1
Reductions for prior year tax positions	(14.8		)
Reductions for current year tax positions	—
Reductions for expiration of statute of limitations	(0.8		)
Settlements	(11.1		)
Balance as of December 31, 2018	$	13.5