XML 89 R35.htm IDEA: XBRL DOCUMENT

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2013

				Fair Value of Derivative Instruments
					Balance Sheet Location		December 31, 2013		December 31, 2012
Assets:
Derivatives designated as accounting hedges:
		Interest rate swaps			Other assets	$	10.3	$	13.8
		FX forwards on net investment in certain foreign subsidiaries			Other current assets		9.3		-
	Total derivatives designated as accounting hedges						19.6		13.8
Derivatives not designated as accounting hedges:
		FX forwards on certain assets and liabilities			Other current assets		0.9		1.4
Total						$	20.5	$	15.2
Liabilities:
Derivatives designated as accounting hedges:
		Interest rate swaps			Accounts payable and accrued liabilities	$	-	$	0.7
		FX forwards on net investment in certain foreign subsidiaries			Accounts payable and accrued liabilities		1.0		1.0
	Total derivatives designated as accounting hedges						1.0		1.7
Derivatives not designated as accounting hedges:
			FX forwards on certain assets and liabilities		Accounts payable and accrued liabilities		0.7		0.7

Total						$	1.7	$	2.4

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

		Amount of Gain (Loss) Recognized in consolidated statement of operations
		Year Ended December 31,
Derivatives designated as accounting hedges	Location on Consolidated Statements of Operations		2013		2012	2011
Interest rate swaps	Interest Expense (expense), net	$	4.2	$	3.6	4.1
Derivatives not designated as accounting hedges
Foreign exchange forwards	Other non-operating (expense) income	$	2.1	$	0.9	(1.4)

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

		Gains (Losses), net of tax
		December 31, 2013		December 31, 2012
		December 31, 2013		December 31, 2012
FX forwards on net investment hedges		$	1.5	$	(2.2)
Interest rate swaps			-		(0.7)
	Total	$	1.5	$	(2.9)

Cash Flow Hedging

Gains and Losses on Derivatives Designated as Hedging Instruments

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,
	2013		2012		2011			2013		2012		2011			2013		2012		2011
FX options	$	-	$	-	$	-	Revenue	$	-	$	-	$	(0.2)	Revenue	$	-	$	-	$	-
Interest rate swaps		-		(0.1)		(0.6)	Interest income(expense), net		(0.7)		(2.4)		(3.0)	N/A		-		-		-
Total	$	-	$	(0.1)	$	(0.6)		$	(0.7)	$	(2.4)	$	(3.2)		$	-	$	-	$	-

Net Investment Hedging

Summary of Notional Amounts of Outstanding Foreign Exchange Forwards

	December 31,		December 31,
	2013		2012
Notional amount of Currency Pair:
Contracts to sell euros for USD	€	50.0	€	50.0
Contracts to sell Japanese yen for USD	¥	19,700	¥	-

Gains and Losses on Derivatives Designated as Hedging Instruments

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,
	2013		2012			2013		2012			2013		2012
FX forwards	$	3.7	$	(2.2)	N/A	$	-	$	-	N/A	$	-	$	-
Total	$	3.7	$	(2.2)		$	-	$	-		$	-	$	-

Nondesignated [Member]

Summary of Notional Amounts of Outstanding Foreign Exchange Forwards

	December 31,		December 31,
	2013		2012
Notional amount of Currency Pair:
Contracts to purchase USD with euros	$	14.2	$	34.3
Contracts to sell USD for euros	$	53.2	$	48.4
Contracts to purchase USD with GBP	$	-	$	2.1
Contracts to sell USD for GBP	$	-	$	1.7
Contracts to purchase USD with other foreign currencies	$	-	$	6.7
Contracts to sell USD for other foreign currencies	$	-	$	5.1
Contracts to purchase euros with other foreign currencies	€	13.1	€	14.4
Contracts to purchase euros with GBP	€	22.1	€	-
Contracts to sell euros for GBP	€	-	€	8.9

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References+ Details

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References+ Details