DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2012

Fair Value of Derivative Instruments

The table below shows the classification between assets and liabilities on the Company’s consolidated balance sheets for the fair value of the derivative instruments:

	Fair Value of Derivative Instruments
	Balance Sheet Location	December 31, 2012		December 31, 2011
Assets:
Derivatives designated as accounting hedges:
Interest rate swaps	Other assets	$	13.8	$	11.5
Total derivatives designated as accounting hedges			13.8		11.5
Derivatives not designated as accounting hedges:
FX forwards on certain assets and liabilities	Other current assets		1.4		1.1
Total		$	15.2	$	12.6
Liabilities:
Derivatives designated as accounting hedges:
Interest rate swaps	Accounts payable and accrued liabilities	$	0.7	$	4.5
FX forwards on net investment in certain foreign subsidiaries	Accounts payable and accrued liabilities		1.0		—
Total derivatives designated as accounting hedges			1.7		4.5
Derivatives not designated as accounting hedges:
FX forwards on certain assets and liabilities	Accounts payable and accrued liabilities		0.7		2.3
Total		$	2.4	$	6.8

Summary of Net Gain (Loss) on Foreign Exchange Forwards Not Designated as Hedging Instruments and on Interest Rate Swaps Designated as Fair Value Hedges

The following table summarizes the net gain (loss) on the Company’s foreign exchange forwards which are not designated as hedging instruments as well as the gain (loss) on the interest rate swaps designated as fair value hedges:

		Amount of Gain (Loss) Recognized in consolidated statement of operations
		Year Ended December 31,
		2012		2011			2010
Derivatives designated as accounting hedges	Location on Consolidated Statements of Operations
Interest rate swaps	Interest Expense, net	$	3.6	$	4.1			—
Derivatives not designated as accounting hedges
Foreign exchange forwards	Other non-operating (expense) income	$	0.9	$	(1.4	)		(2.2	)

Cumulative Amount of Unrecognized Hedge Losses Recorded in Accumulated Other Comprehensive Income

The cumulative amount of unrecognized hedge losses recorded in AOCI is as follows:

	Unrecognized Losses, net of tax
	December 31, 2012			December 31, 2011
FX forwards on net investment hedges	$	(2.2	)	$	—
Interest rate swaps (1)		(0.7	)		(3.0	)
Total	$	(2.9	)	$	(3.0	)

⁽¹⁾ The unrecognized hedge losses relating to the cash flow hedge on the 2008 Term Loan are expected to be reclassified into earnings within the next five months as the underlying hedge ends with the full repayment of the 2008 Term Loan in the first half of 2013.

Cash Flow Hedging

Summary of Notional Amounts of Outstanding Foreign Exchange Forwards

The following table summarizes the notional amounts of the Company’s outstanding foreign exchange forwards:

	December 31, 2012		December 31, 2011
Notional amount of Currency Pair:
Contracts to purchase USD with euros	$	34.3	$	27.5
Contracts to sell USD for euros	$	48.4	$	47.7
Contracts to purchase USD with GBP	$	2.1	$	2.4
Contracts to sell USD for GBP	$	1.7	$	17.6
Contracts to purchase USD with other foreign currencies	$	6.7	$	3.2
Contracts to sell USD for other foreign currencies	$	5.1	$	7.6
Contracts to purchase euros with other foreign currencies	€	14.4	€	13.6
Contracts to purchase euros with GBP	€	—	€	1.6
Contracts to sell euros for GBP	€	8.9	€	7.2

Gains and Losses on Derivatives Designated as Hedging Instruments

The following table provides information on gains (losses) on the company’s cash flow hedges:

Derivatives in Cash Flow Hedging Relationships	Amount of Gain/(Loss) Recognized in AOCI on Derivative (Effective Portion)						Location of Gain/(Loss) Reclassified from AOCI into Income (Effective Portion)	Amount of Gain/(Loss) Reclassified from AOCI into Income (Effective Portion)						Location of Gain/(Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain/(Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
	Year Ended December 31,							Year Ended December 31,							Year Ended December 31,
	2012		2011		2010			2012		2011		2010			2012		2011		2010
FX options	$	—	$	—	$	—	Revenue	$	—	$	(0.2)	$	(1.0)	Revenue	$	—	$	—	$	—
Interest rate swaps		(0.1)		(0.6)		(3.1)	Interest income (expense), net		(2.4)		(3.0)		(2.8)	N/A		—		—		—
Total	$	(0.1)	$	(0.6)	$	(3.1)		$	(2.4)	$	(3.2)	$	(3.8)		$	—	$	—	$	—

Net Investment Hedging

Summary of Notional Amounts of Outstanding Foreign Exchange Forwards

The following table summarizes the notional amounts of the Company’s outstanding foreign exchange forward contracts that are designated as net investment hedges:

	December 31, 2012		December 31, 2011
Notional amount of Currency Pair:
Contracts to sell euros for USD	€	50.0		N/A

Gains and Losses on Derivatives Designated as Hedging Instruments

The following table provides information on gains (losses) on the Company’s net investment hedges:

Derivatives in Net Investment Hedging Relationships	Amount of Gain/(Loss) Recognized in AOCI on Derivative (Effective Portion)					Location of Gain/(Loss) Reclassified from AOCI into Income (Effective Portion)	Amount of Gain/(Loss) Reclassified from AOCI into Income (Effective Portion)				Location of Gain/(Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain/(Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
	Year Ended December 31,						Year Ended December 31,					Year Ended December 31,
	2012			2011			2012		2011			2012		2011
FX forwards	$	(2.2	)	$	—	N/A	$	—	$	—	N/A	$	—	$	—
Total	$	(2.2	)	$	—		$	—	$	—		$	—	$	—