FAIR VALUE (Tables)

6 Months Ended

Jun. 30, 2014

Financial Instruments Carried at Fair Value on Recurring Basis

		Fair Value Measurement as of June 30, 2014
	Description	Balance		Level 1		Level 2		Level 3
Assets:
	Derivatives (a)	$	18.5	$	-	$	18.5	$	-
	Fixed maturity and open ended mutual funds (b)		44.6		44.6		-		-
	Total	$	63.1	$	44.6	$	18.5	$	-
Liabilities:
	Derivatives (a)	$	0.7	$	-	$	0.7	$	-
	Contingent consideration arising from acquisitions (c)		17.2		-		-		17.2
	Total	$	17.9	$	-	$	0.7	$	17.2
		Fair Value Measurement as of December 31, 2013
	Description	Balance		Level 1		Level 2		Level 3
Assets:
	Derivatives (a)	$	20.5	$	-	$	20.5	$	-
	Total	$	20.5	$	-	$	20.5	$	-
Liabilities:
	Derivatives (a)	$	1.7	$	-	$	1.7	$	-
	Contingent consideration arising from acquisitions (c)		17.5		-		-		17.5
	Total	$	19.2	$	-	$	1.7	$	17.5
(a) Represents interest rate swaps and FX forwards on certain assets and liabilities as well as on certain non-U.S. dollar net investments in certain foreign subsidiaries as more fully described in Note 6 to the financial statements.
(b) Represents investments in fixed maturity mutual funds and open ended mutual funds. These investments were acquired pursuant to the ICRA step-acquisition, more fully discussed in Note 7 to the financial statements. The remaining contractual maturities for the fixed maturity instruments range from one month to 11 months.
(c) Represents contingent consideration liabilities pursuant to the agreements for certain MA acquisitions.

Changes in Fair Value of Level Three Liabilities

	Contingent Consideration
	Six Months Ended
	June 30,
	2014		2013
Balance as of January 1	$	17.5	$	9.0
Contingent consideration payments		-		(2.5)
Total losses (gains) (realized and unrealized):
Included in earnings		(0.2)		4.1
Foreign currency translation adjustments		(0.1)		(0.1)
Balance as of June 30	$	17.2	$	10.5