PENSION AND OTHER RETIREMENT BENEFITS (Tables)

12 Months Ended

Dec. 31, 2013

Summary of Changes in Benefit Obligations and Fair Value of Plan Assets for Post-Retirement Plans

			Pension Plans					Other Retirement Plans
			2013			2012			2013		2012
Change in benefit obligation:
	Benefit obligation, beginning of the period			$	(356.3)	$	(298.8)		$	(21.8)	$	(20.2)
		Service cost			(19.8)		(18.9)			(1.7)		(1.5)
		Interest cost			(13.5)		(13.1)			(0.8)		(0.7)
		Plan participants’ contributions			-		-			(0.3)		(0.3)
		Benefits paid			5.3		5.7			0.6		1.0
		Actuarial gain (loss)			(0.7)		(11.0)			1.0		1.1
		Assumption changes			37.9		(20.2)			2.3		(1.2)

	Benefit obligation, end of the period				(347.1)		(356.3)			(20.7)		(21.8)

Change in plan assets:
	Fair value of plan assets, beginning of the period				167.6		133.0			-		-
		Actual return on plan assets			23.0		19.0			-		-
		Benefits paid			(5.3)		(5.7)			(0.6)		(1.0)
		Employer contributions			19.3		21.3			0.3		0.7
		Plan participants' contributions			-		-			0.3		0.3

	Benefit obligation, end of the period				204.6		167.6			-		-

Funded Status of the plans					(142.5)		(188.7)			(20.7)		(21.8)

Amounts recorded on the consolidated balance sheets:
	Pension and retirement benefits liability - current				(6.2)		(3.6)			(0.8)		(0.8)
	Pension and retirement benefits liability - non current				(136.3)		(185.1)			(19.9)		(21.0)

Net amount recognized				$	(142.5)	$	(188.7)		$	(20.7)	$	(21.8)

Accumulated benefit obligation, end of the period				$	(298.5)	$	(298.4)

Accumulated Benefit Obligation in Excess of Plan Assets

	December 31,
	2013		2012
Aggregate projected benefit obligation	$	347.1	$	356.3
Aggregate accumulated benefit obligation	$	298.5	$	298.4
Aggregate fair value of plan assets	$	204.6	$	167.6

Summary of Pre-Tax Net Actuarial Losses and Prior Service Cost Recognized in Accumulated Other Comprehensive Income (Loss)

	Pension Plans				Other Retirement Plans
	2013		2012		2013		2012
Net actuarial losses	$	(84.6)	$	(142.7)	$	(2.4)	$	(6.0)
Net prior service costs		(3.3)		(4.0)		-		-

Total recognized in AOCI- pretax	$	(87.9)	$	(146.7)	$	(2.4)	$	(6.0)

Summary of Post-Retirement Plans to Amortize from Accumulated Other Comprehensive Income (Loss) as Net Periodic Expense

Net Periodic Benefit Expenses Recognized for Post-Retirement Plans

	Pension Plans						Other Retirement Plans
	2013		2012		2011		2013		2012		2011
Components of net periodic expense
Service cost	$	19.8	$	18.9	$	15.1	$	1.7	$	1.5	$	1.1
Interest cost		13.5		13.1		13.1		0.8		0.7		0.8
Expected return on plan assets		(12.9)		(12.5)		(11.9)		-		-		-
Amortization of net actuarial loss from earlier periods		10.8		9.1		5.0		0.3		0.3		0.3
Amortization of net prior service costs from earlier periods		0.6		0.7		0.6		-		-		-
Settlement charges		-		-		1.6		-		-		-

Net periodic expense	$	31.8	$	29.3	$	23.5	$	2.8	$	2.5	$	2.2

Summary of Pre-Tax Amounts Recorded in Other Comprehensive Income


	Pension Plans				Other Retirement Plans
	2013		2012		2013		2012
Amortization of net actuarial losses	$	10.8	$	9.1	$	0.3	$	0.3
Amortization of prior service costs		0.6		0.7		-		-
Net actuarial loss arising during the period		47.3		(24.7)		3.3		(0.2)

Total recognized in OCI – pre-tax	$	58.7	$	(14.9)	$	3.6	$	0.1

Weighted-Average Assumptions Used to Determine Benefit Obligations

	Pension Plans		Other Retirement Plans
	2013	2012	2013	2012
Discount rate	4.71%	3.82%	4.45%	3.55%
Rate of compensation increase	4.00%	4.00%	-	-

Weighted-Average Assumptions Used to Determine Net Periodic Benefit Expense

	Pension Plans			Other Retirement Plans
	2013	2012	2011	2013	2012	2011
Discount rate	3.82%	4.25%	5.39%	3.55%	4.05%	5.15%
Expected return on plan assets	7.30%	7.85%	8.35%	-	-	-
Rate of compensation increase	4.00%	4.00%	4.00%	-	-	-

Assumed Healthcare Cost Trend Rates

	2013			2012		2011
	Pre-age 65		Post-age 65	Pre-age 65	Post-age 65	Pre-age 65	Post-age 65
Healthcare cost trend rate assumed	8.2%		7.3%	6.9%	7.9%	7.4%	8.4%
for the following year

Ultimate rate to which the cost trend	5.0%			5.0%		5.0%
rate is assumed to decline (ultimate
trend rate)

Year that the rate reaches the ultimate trend rate	2028	2026		2020		2020

Summary of Pension Plan Assets by Category Based on Hierarchy of Fair Value Measurements

		Fair Value Measurement as of December 31, 2013
Asset Category		Balance			Level 1			Level 2			Level 3		% of total assets
Cash and cash equivalent		$	0.4		$	-		$	0.4		$	-	-
Emerging markets equity fund			14.6		$	14.6		$	-			-	7%
Common/collective trust funds - equity securities
	U.S. large-cap		44.5			-			44.5			-	22%
	U.S. small and mid-cap		15.3			-			15.3			-	7%
	International		58.2			-			58.2			-	29%
Total equity investments			132.6	-	-	14.6	-		118.0	-		-	65%
Common/collective trust funds - fixed income securities
	Long-term government/treasury bonds		13.7			-			13.7			-	7%
	Long-term investment grade corporate bonds		15.4			-			15.4			-	7%
	U.S. Treasury Inflation-Protected Securities (TIPs)		8.7			-			8.7			-	4%
	Emerging markets bonds		5.8			-			5.8			-	3%
	High yield bonds		6.1			-			6.1			-	3%
Total fixed-income investments			49.7	-		-	-		49.7	-		-	24%
Common/collective trust funds - convertible securities			6.3			-			6.3			-	3%
Private real estate fund			15.6			-			-			15.6	8%
Total other investment			21.9	-		-	-		6.3	-		15.6	11%
Total Assets		$	204.6	-	$	14.6	-	$	174.4	-	$	15.6	100%

		Fair Value Measurement as of December 31, 2012
Asset Category		Balance			Level 1			Level 2			Level 3		% of total assets
Cash and cash equivalent		$	0.2		$	-		$	0.2		$	-	-
Emerging markets equity fund			13.3		$	13.3		$	-			-	8%
Common/collective trust funds - equity securities
	U.S. large-cap		32.0			-			32.0			-	19%
	U.S. small and mid-cap		10.7			-			10.7			-	6%
	International		44.1			-			44.1			-	27%
Total equity investments			100.1			13.3			86.8			-	60%
Common/collective trust funds - fixed income securities
	Long-term government/treasury bonds		13.8			-			13.8			-	8%
	Long-term investment grade corporate bonds		17.5			-			17.5			-	11%
	U.S. Treasury Inflation-Protected Securities (TIPs)		8.5			-			8.5			-	5%
	Emerging markets bonds		5.4			-			5.4			-	3%
	High yield bonds		5.2			-			5.2			-	3%
Total fixed-income investments			50.4			-			50.4			-	30%
Common/collective trust funds - convertible securities			4.8			-			4.8			-	3%
Private real estate fund			12.1			-			-			12.1	7%
Total other investment			16.9			-			4.8			12.1	10%
Total Assets		$	167.6		$	13.3		$	142.2		$	12.1	100%

Summary of Changes in Fair Value of Plan's Level Three Assets

Real estate investment fund:
Balance as of December 31, 2012	$	12.1
Return on plan assets related to assets held as of December 31, 2013		1.5
Purchases (sales), net		2.0

Balance as of December 31, 2013	$	15.6

Estimated Future Benefits Payments for Retirement Plans

Year Ending December 31,	Pension Plans		Other Retirement Plans
Year Ending December 31,	Pension Plans		Other Retirement Plans
2014	$	9.5	$	0.8
2015		7.6		1.0
2016		10.5		1.1
2017		10.9		1.2
2018		35.4		1.3
2019 – 2023	$	96.8	$	8.8

Pension Plans

Other Retirement Plans

Net actuarial losses

Net prior service costs

Total to be recognized as components of net periodic expense