Rendering

Component: (Network and Table)
Network
2310301 - Disclosure - Income Taxes (Tables)
(http://www.mylan.com/role/IncomeTaxesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001623613 (http://www.sec.gov/CIK)
Income Tax Disclosure [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Income Tax Disclosure [Abstract]
 
Schedule of Components of Income Tax Provision
Income tax provision consisted of the following components:
 
Year Ended December 31,
(In millions)
2016
 
2015
 
2014
U.S. Federal:
 
 
 
 
 
Current
$
86.8

 
$
13.7

 
$
218.1

Deferred
(303.8
)
 
(35.8
)
 
(147.5
)
 
(217.0
)
 
(22.1
)
 
70.6

U.S. State:
 
 
 
 
 
Current
13.8

 
8.1

 
33.8

Deferred
(14.8
)
 
(11.9
)
 
(1.6
)
 
(1.0
)
 
(3.8
)
 
32.2

Non-U.S.:
 
 
 
 
 
Current
150.6

 
161.8

 
104.6

Deferred
(290.9
)
 
(68.2
)
 
(166.0
)
 
(140.3
)
 
93.6

 
(61.4
)
Income tax provision
$
(358.3
)
 
$
67.7

 
$
41.4

Earnings before income taxes and noncontrolling interest:
 
 
 
 
 
United Kingdom
$
(129.4
)
 
$
(189.6
)
 
$
14.2

United States
(187.4
)
 
474.4

 
679.2

Foreign - Other
438.5

 
630.6

 
281.1

Total earnings before income taxes and noncontrolling interest
$
121.7

 
$
915.4

 
$
974.5

  
Schedule of Deferred Tax Assets and Liabilities
Temporary differences and carryforwards that result in deferred tax assets and liabilities were as follows:
(In millions)
December 31, 2016
 
December 31, 2015
Deferred tax assets:
 
 
 
Employee benefits
$
265.2

 
$
202.4

Litigation reserves
239.9

 
20.7

Accounts receivable allowances
396.0

 
224.9

Tax credit and loss carryforwards
634.0

 
463.7

Intangible assets
96.7

 
65.3

Other
283.5

 
168.7

 
1,915.3

 
1,145.7

Less: Valuation allowance
(460.7
)
 
(355.7
)
Total deferred tax assets
1,454.6

 
790.0

Deferred tax liabilities:
 
 
 
Plant and equipment
183.9

 
184.4

Intangible assets and goodwill
2,601.6

 
827.0

Other
42.3

 
39.1

Total deferred tax liabilities
2,827.8

 
1,050.5

Deferred tax liabilities, net
$
(1,373.2
)
 
$
(260.5
)
  
Statutory Tax Rate to Effective Tax Rate Reconciliation
reconciliation of the statutory tax rate to the effective tax rate is as follows:
 
Year Ended December 31,
 
2016
 
2015
 
2014
Statutory tax rate
20.0
 %
 
20.0
 %
 
35.0
 %
 
 
 
 
 
 
United States Operations
 
 
 
 
 
Clean energy and research credits
(85.9
)%
 
(13.0
)%
 
(9.6
)%
U.S. rate differential
(36.9
)%
 
4.6
 %
 
—
 %
Other U.S. items
3.5
 %
 
—
 %
 
(2.2
)%
Foreign tax credits, net
—
 %
 
—
 %
 
(0.6
)%
State income taxes and credits
(3.7
)%
 
—
 %
 
2.2
 %
Other Foreign Operations
 
 
 
 
 
Luxembourg
(54.1
)%
 
1.7
 %
 
11.6
 %
Luxembourg — U.S. Branch
(28.8
)%
 
(11.2
)%
 
—
 %
Gibraltar
(49.2
)%
 
(4.9
)%
 
(21.3
)%
India
(13.0
)%
 
(0.6
)%
 
(0.1
)%
Ireland
(7.3
)%
 
(1.9
)%
 
(1.3
)%
Other
(5.2
)%
 
1.7
 %
 
(0.8
)%
Uncertain tax positions
0.8
 %
 
(0.3
)%
 
1.6
 %
Valuation allowance
79.9
 %
 
6.5
 %
 
0.9
 %
Merger of foreign subsidiaries
(123.5
)%
 
—
 %
 
(15.2
)%
Other foreign items
9.0
 %
 
4.8
 %
 
4.0
 %
Effective tax rate
(294.4
)%
 
7.4
 %
 
4.2
 %

  
Schedule of Unrecognized Tax Benefits
A reconciliation of the unrecognized tax benefits is as follows:
 
Year Ended December 31,
(In millions)
2016
 
2015
 
2014
Unrecognized tax benefit — beginning of year
$
174.1

 
$
191.2

 
$
174.7

Additions for current year tax positions
2.1

 
1.2

 
21.9

Additions for prior year tax positions
—

 
—

 
6.3

Reductions for prior year tax positions
(1.8
)
 
(9.0
)
 
(5.1
)
Settlements
—

 
(1.5
)
 
(1.5
)
Reductions due to expirations of statute of limitations
(7.7
)
 
(7.8
)
 
(5.1
)
Addition due to acquisition
24.2

 
—

 
—

Unrecognized tax benefit — end of year
$
190.9

 
$
174.1

 
$
191.2