XML 31 R25.htm IDEA: XBRL DOCUMENT

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

3 Months Ended

Mar. 31, 2014

	Fair Value of Derivative Instruments
Derivatives Instruments	Balance Sheet Location	March 31, 2014		December 31, 2013
Assets:
Derivatives designated as accounting hedges:
Interest rate swaps	Other assets	$	5.8	$	10.3
FX forwards on net investment in certain foreign subsidiaries	Other current assets		5.6		9.3
Total derivatives designated as accounting hedges			11.4		19.6
Derivatives not designated as accounting hedges:
FX forwards on certain assets and liabilities	Other current assets		0.5		0.9
Total assets		$	11.9	$	20.5

Liabilities:
Derivatives designated as accounting hedges:
FX forwards on net investment in certain foreign subsidiaries	Accounts payable and accrued liabilities		0.5		1.0
Derivatives not designated as accounting hedges:
FX forwards on certain assets and liabilities	Accounts payable and accrued liabilities		1.0		0.7
Total liabilities		$	1.5	$	1.7

Gains and Losses on Derivatives Designated as Hedging Instruments

			Amount of gain (loss) recognized in the consolidated statements of operations
			Three Months Ended
			March 31,
Derivatives designated as fair value accounting hedges	Location on Statement of Operations		2014		2013
Interest rate swaps	Interest income(expense), net	$	(1.5)	$	1.1

Derivatives not designated as accounting hedges
Foreign exchange forwards	Other non-operating income (expense), net	$	(0.4)	$	(1.1)

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

		Losses, net of tax
		March 31,		December 31,
		2014		2013
FX forwards on net investment hedges		$	(0.6)	$	1.5
	Total	$	(0.6)	$	1.5

Cash Flow Hedging [Member]

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)	Gain/(Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
	Three Months Ended					Three Months Ended					Three Months Ended
	March 31,					March 31,					March 31,
	2014		2013			2014		2013			2014		2013
Interest rate swaps		-		-	Interest income (expense), net		-		(0.4)	N/A		-		-

Net Investment Hedging [Member]

Summary of Notional Amounts of Outstanding Foreign Exchange Forwards

	March 31,		December 31,
	2014		2013
Notional amount of currency pair:
Contracts to sell euros for USD	€	50.0	€	50.0
Contracts to sell Japanese yen for USD	￥	19,700	￥	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)	Gain/(Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
	Three Months Ended					Three Months Ended					Three Months Ended
	March 31,					March 31,					March 31,
	2014		2013			2014		2013			2014		2013
FX forwards	$	(2.1)	$	0.8	N/A	$	-	$	-	N/A	$	-	$	-

Nondesignated [Member]

Summary of Notional Amounts of Outstanding Foreign Exchange Forwards

	March 31,		December 31,
	2014		2013
Notional amount of currency pair:
Contracts to purchase USD with euros	$	80.2	$	14.2
Contracts to sell USD for euros	$	54.3	$	53.2
Contracts to purchase USD with GBP	$	7.1	$	-
Contracts to purchase USD with other foreign currencies	$	2.4	$	-
Contracts to purchase euros with other foreign currencies	€	13.1	€	13.1
Contracts to purchase euros with GBP	€	22.7	€	22.1
Contracts to sell euros for GBP	€	51.2	€	-

- 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