DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Sep. 30, 2015

Gains and Losses on Derivatives Designated as Hedging Instruments

			Amount of income/(expense) recognized in the consolidated statements of operations
			Three Months Ended				Nine Months Ended
			September 30,				September 30,
Derivatives designated as fair value accounting hedges	Location on Statement of Operations		2015		2014		2015		2014
Interest rate swaps	Interest income(expense), net	$	3.9	$	7.8	$	11.5	$	8.3

Fair Value of Derivative Instruments

	Derivative Instruments
	Balance Sheet Location	September 30, 2015		December 31, 2014
Assets:
Derivatives designated as accounting hedges:
FX forwards on net investment in certain foreign subsidiaries	Other current assets	$	17.7	$	18.8
Interest rate swaps	Other assets		25.5		17.4
Total derivatives designated as accounting hedges			43.2		36.2
Derivatives not designated as accounting hedges:
FX forwards on certain assets and liabilities	Other current assets		1.7		5.6
Total assets		$	44.9	$	41.8
Liabilities:
Non-derivative instrument designated as accounting hedge:
Long-term debt designated as net investment hedge	Long-term debt	$	446.5	$	-
Derivatives not designated as accounting hedges:
Cross-currency swap	Other non-current liabilities		5.6		-
FX forwards on certain assets and liabilities	Accounts payable and accrued liabilities		1.0		2.1
Total liabilities		$	453.1	$	2.1

Net Investment Hedging [Member]

Gains and Losses on Derivatives Designated as Hedging Instruments

		Gains/(Losses), net of tax
		September 30,		December 31,
		2015		2014
FX forwards		$	33.6	$	20.9
Long-term debt			(2.7)		-
	Total gains on net investment hedges	$	30.9	$	20.9

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

		Gains/(Losses), net of tax
		September 30,		December 31,
		2015		2014
FX forwards		$	33.6	$	20.9
Long-term debt			(2.7)		-
	Total gains on net investment hedges	$	30.9	$	20.9

Summary of Notional Amounts of Outstanding Foreign Exchange Forwards

	September 30,		December 31,
	2015		2014
Notional amount of net investment hedges:
Long-term debt designated as net investment hedge	€	400.0	€	-
Contracts to sell euros for USD	€	-	€	50.0
Contracts to sell GBP for euros	£	20.4	£	-
Contracts to sell Japanese yen for USD	￥	19,400	￥	19,400

Nondesignated [Member]

Gains and Losses on Derivatives Designated as Hedging Instruments

			Three Months Ended
			September 30,
Derivatives not designated as accounting hedges	Location on Statement of Operations		2015		2014
Cross-currency swap	Other non-operating income (expense), net	$	(1.7)	$	-
Foreign exchange forwards	Other non-operating income (expense), net		0.6		(4.8)
Total		$	(1.1)	$	(4.8)
			Nine Months Ended
			September 30,
Derivatives not designated as accounting hedges	Location on Statement of Operations		2015		2014
Cross-currency swap	Other non-operating income (expense), net	$	(7.0)	$	-
Foreign exchange forwards	Other non-operating income (expense), net		(1.3)		(3.9)
Total		$	(8.3)	$	(3.9)

Summary of Notional Amounts of Outstanding Foreign Exchange Forwards

	September 30,		December 31,
	2015		2014
Notional amount of currency pair:
Contracts to purchase USD with euros	$	-	$	38.5
Contracts to sell USD for euros	$	48.3	$	51.5
Contracts to purchase USD with GBP	$	-	$	0.2
Contracts to purchase USD with other foreign currencies	$	-	$	1.2
Contracts to purchase euros with other foreign currencies	€	36.0	€	34.0
Contracts to purchase euros with GBP	€	-	€	25.0
Contracts to sell euros for GBP	€	27.3	€	38.2