Income Taxes (Tables)

6 Months Ended

Jun. 30, 2017

Income Taxes [Abstract]

Income Tax Disclosure [Text Block]

Note 17 - Income Taxes

The Company's provision for income taxes in interim periods is computed by applying the estimated annual effective tax rates to income or loss before income taxes for the period. In addition, non-recurring or discrete items, including interest on prior year tax liabilities, are recorded during the period(s) in which they occur.

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Provision for income taxes	$	(8.1	)	$	21.5		$	7.4		$	50.6
Effective tax rate	(11.0		)%	30.8		%	5.8		%	30.7		%

For the second quarter of 2017, the Company recorded an income tax benefit of $8.1 million (effective rate of negative 11.0%) compared with income tax expense of $21.5 million (effective tax rate of 30.8%) for the comparable period in 2016. For the six months ended June 30, 2017, the Company recorded income tax expense of $7.4 million (effective tax rate of 5.8%) compared with expense of $50.6 million (effective tax rate of 30.7%) for the comparable period in 2016. The income tax expense for the second quarter and first six months of 2017 was calculated using the forecasted multi-jurisdictional annual effective tax rates to determine a blended annual effective tax rate. The effective tax rate differs from the U.S. federal statutory rate of 35% primarily due to a $34 million reversal of accruals for uncertain tax positions (including related interest) based on the expiration of various statutes of limitation, the projected mix of earnings in international jurisdictions with relatively lower tax rates and tax benefits related to foreign tax credits, which are partially offset by losses in jurisdictions with no tax benefit due to valuation allowances and other discrete tax items.

The following table reconciles the Company's total gross unrecognized tax benefits for the six months ended June 30, 2017:

	June 30, 2017
Beginning balance, January 1	$	39.1
Tax positions related to the prior years:
Additions	1.5
Reductions	(1.3		)
Lapses in statues of limitation	(26.3		)
Ending Balance	$	13.0

Income tax expense for the second quarter and first six months of 2017 is lower than the same periods from the prior year primarily as a result of the release of accruals for uncertain tax positions, tax benefits related to foreign tax credits and earnings in certain international jurisdictions with relatively lower tax rates.

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

The Company's provision for income taxes in interim periods is computed by applying the estimated annual effective tax rates to income or loss before income taxes for the period. In addition, non-recurring or discrete items, including interest on prior year tax liabilities, are recorded during the period(s) in which they occur.

	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Provision for income taxes	$	(8.1	)	$	21.5		$	7.4		$	50.6
Effective tax rate	(11.0		)%	30.8		%	5.8		%	30.7		%