DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2015

Gains and Losses on Derivatives Designated as Hedging Instruments

		Amount of Income Recognized in the consolidated statements of operations
		Year Ended December 31,
			2015		2014		2013
Derivatives designated as Fair Value accounting hedges	Location on Consolidated Statement of Operations
Interest rate swaps	Interest expense, net	$	15.2	$	11.7	$	4.2

Amount of Gain/(Loss) Recognized in AOCI on Derivative Net Investment Hedging Relationships (Effectiveness Portion)

		Amount of Gain (Loss) Recognized in AOCI on Derivative (Effective Portion), net of tax
Derivatives and non-derivatives in net investment hedging relationships		Year Ended December 31,
		2015		2014		2013
FX forwards		$	13.4		19.4		3.7
Long-term debt			4.7		-		-
	Total	$	18.1		19.4		3.7
		Amount of Gain (Loss) Recognized in AOCI on Derivative (Effective Portion), net of tax
Derivatives in cash flow hedging relationships		Year Ended December 31,
		2015		2014		2013
Treasury rate lock		$	(1.1)		-		-
		$	(1.1)		-		-

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

		Gains (Losses), net of tax
		December 31,		December 31,
		2015		2014
Net investment hedges
	FX forwards	$	34.3	$	20.9
	Long-term debt		4.7		-
	Total net investment hedges	$	39.0	$	20.9
Cash flow hedges
	Treasury rate lock		(1.1)		-
Total		$	37.9		20.9

Gains and Losses Recognized in Consolidated Statement of Operations on Derivatives Not Designated as Hedging Instruments

				Year Ended
				December 31,
Derivatives not designated as accounting hedges		Location on Statement of Operations		2015		2014		2013
Cross-currency swap		Other non-operating income, net	$	(9.0)	$	-	$	-
Foreign exchange forwards		Other non-operating income, net		(2.8)		(2.0)		(2.1)
	Total		$	(11.8)	$	(2.0)	$	(2.1)

Fair Value of Derivative Instruments

		Derivative and Non-derivative Instruments
		Balance Sheet Location	December 31, 2015		December 31, 2014
Assets:
Derivatives designated as accounting hedges:
	FX forwards on net investment in certain foreign subsidiaries	Other current assets	$	0.4	$	18.8
	Interest rate swaps	Other assets		12.1		17.4
	Total derivatives designated as accounting hedges			12.5		36.2
Derivatives not designated as accounting hedges:
	FX forwards on certain assets and liabilities	Other current assets		0.1		5.6
Total assets			$	12.6	$	41.8
Liabilities:
Derivatives designated as accounting hedge:
	FX forwards on net investment in certain foreign subsidiaries	Accounts payable and accrued liabilities	$	1.2	$	-
	Interest rate swaps	Other non-current liabilities		0.3		-
	Total derivatives designated as accounting hedges			1.5		-
Non-derivative instrument designated as accounting hedge:
	Long-term debt designated as net investment hedge	Long-term debt		434.5		-
Derivatives not designated as accounting hedges:
	Cross-currency swap	Other non-current liabilities		9.0		-
	FX forwards on certain assets and liabilities	Accounts payable and accrued liabilities		1.9		2.1
Total liabilities			$	446.9	$	2.1

Net Investment Hedging [Member]

Summary of Notional Amounts of Outstanding Derivative Positions

	December 31,		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	£	21.2	£	-
Contracts to sell Japanese yen for USD	￥	19,400.0	￥	19,400.0

Foreign Exchange Forwards [Member]

Summary of Notional Amounts of Outstanding Derivative Positions

	December 31,		December 31,
	2015		2014
Notional amount of currency pair:
Contracts to purchase USD with euros	$	-	$	38.5
Contracts to sell USD for euros	$	70.1	$	51.1
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	€	35.5	€	34.0
Contracts to sell euros for other foreign currencies	€	1.4	€	-
Contracts to purchase euros with GBP	€	-	€	25.0
Contracts to sell euros for GBP	€	23.1	€	38.2