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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
6 Months Ended
Jun. 30, 2014
Fair Value of Derivative Instruments
Fair Value of Derivative Instruments
Derivatives InstrumentsBalance Sheet LocationJune 30, 2014December 31, 2013
Assets:
Derivatives designated as accounting hedges:
Interest rate swapsOther assets$ 12.6$ 10.3
FX forwards on net investment in certain foreign subsidiariesOther current assets 2.5 9.3
Total derivatives designated as accounting hedges 15.1 19.6
Derivatives not designated as accounting hedges:
FX forwards on certain assets and liabilitiesOther current assets 3.4 0.9
Total assets$ 18.5$ 20.5
Liabilities:
Derivatives designated as accounting hedges:
FX forwards on net investment in certain foreign subsidiariesAccounts payable and accrued liabilities$ 0.5$ 1.0
Derivatives not designated as accounting hedges:
FX forwards on certain assets and liabilitiesAccounts payable and accrued liabilities 0.2 0.7
Total liabilities$ 0.7$ 1.7
Gains and Losses on Derivatives Designated as Hedging Instruments
Amount of gain (loss) recognized in the consolidated statements of operations
Three Months EndedSix Months Ended
June 30,June 30,
Derivatives designated as fair value accounting hedgesLocation on Statement of Operations2014201320142013
Interest rate swapsInterest income(expense), net$2.0$1.0$0.5$2.1
Derivatives not designated as accounting hedges
Foreign exchange forwardsOther non-operating income (expense), net$1.3$1.0$ 0.9$ (0.1)
Net Investment Hedging [Member]
 
Summary of Notional Amounts of Outstanding Foreign Exchange Forwards
June 30,December 31,
20142013
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
Nondesignated [Member]
 
Summary of Notional Amounts of Outstanding Foreign Exchange Forwards
June 30,December 31,
20142013
Notional amount of currency pair:
Contracts to purchase USD with euros$ 71.1$ 14.2
Contracts to sell USD for euros$ 54.7$ 53.2
Contracts to purchase USD with GBP$ 0.7$ -
Contracts to purchase USD with other foreign currencies$ 1.9$ -
Contracts to sell USD for other foreign currencies$ 20.1$ -
Contracts to purchase euros with other foreign currencies 53.8 13.1
Contracts to purchase euros with GBP 24.1 22.1
Contracts to sell euros for GBP 67.3 -