DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Interest Rate Swap

Hedged Item	Nature of Swap		Notional AmountAs of December 31,			Floating Interest Rate
			2016		2015
$500M fixed-rate 2010 Senior Notes due 2020	Pay Floating/Receive Fixed	$	500.0	$	500.0	3-month LIBOR
$450M fixed-rate 2014 Senior Notes due 2019	Pay Floating/Receive Fixed	$	450.0	$	450.0	3-month LIBOR
$500M fixed-rate 2012 Senior Notes due 2022	Pay Floating/Receive Fixed	$	80.0	$		3-month LIBOR

Gains and Losses on Derivatives Designated as Hedging Instruments

		Amount of Income Recognized in the Consolidated Statements of Operations
		Year Ended December 31,
Derivatives Designated as Fair Value Accounting Hedges	Location on Consolidated Statement of Operations		2016		2015		2014
Interest rate swaps	Interest expense, net	$	11.2	$	15.2	$	11.7

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							Amount of Gain/(Loss) Reclassified from AOCI into Income (Effective Portion),net of tax
	Derivatives and Non-Derivative Instruments in Net Investment Hedging Relationships	Year Ended December 31,							Year Ended December 31,
		2016		2015		2014			2016			2015		2014
	FX forwards	$	(12.0)	$	13.4	$	19.4		$	-		$	-	$	-
	Long-term debt		7.8		4.7		-			-			-		-
	Total net investment hedges	$	(4.2)	$	18.1	$	19.4		$	-		$	-	$	-
		Year Ended December 31,							Year Ended December 31,
	Derivatives in Cash Flow Hedging Relationships
		2016		2015		2014			2016			2015		2014
	Cross currency swap	$	(0.9)	$	-	$	-		$	(3.7)	*	$	-	$	-
	Treasury rate lock		-		(1.1)		-			-			-		-
	Total cash flow hedges		(0.9)		(1.1)		-			(3.7)			-		-
Total		$	(5.1)	$	17.0	$	19.4	Total	$	(3.7)		$	-	$	-
	* Reflects $6 million in losses recorded in other non-operating income, net and $2.3 million relating to the tax effect of the aforementioned item.

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

		Cumulative Gains/(Losses), net of tax
		December 31,		December 31,
		2016		2015
Net investment hedges
	FX forwards	$	22.3	$	34.3
	Long-term debt		12.5		4.7
	Total net investment hedges	$	34.8	$	39.0
Cash flow hedges
	Treasury rate lock		(1.1)		(1.1)
	Cross currency swap		2.8		-
	Total losses on cash flow hedges		1.7		(1.1)
Total net gains in AOCI		$	36.5	$	37.9

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	2016			2015		2014
Foreign exchange forwards	Other non-operating income, net	$	(7.2)	$	(2.8)	$	(2.0)

Fair Value of Derivative Instruments

		Derivative and Non-derivative Instruments
		Balance Sheet Location	December 31, 2016		December 31, 2015
Assets:
Derivatives designated as accounting hedges:
	FX forwards on net investment in certain foreign subsidiaries	Other current assets	$	0.6	$	0.4
	Interest rate swaps	Other assets		7.0		12.1
	Total derivatives designated as accounting hedges			7.6		12.5
Derivatives not designated as accounting hedges:
	FX forwards on certain assets and liabilities	Other current assets		-		0.1
Total assets			$	7.6	$	12.6
Liabilities:
Derivatives designated as accounting hedges:
	FX forwards on net investment in certain foreign subsidiaries	Accounts payable and accrued liabilities	$	-	$	1.2
	Interest rate swaps	Other non-current liabilities		0.8		0.3
	Total derivatives designated as accounting hedges			0.8		1.5
Non-derivative instrument designated as accounting hedge:
	Long-term debt designated as net investment hedge	Long-term debt		421.9		434.5
Derivatives not designated as accounting hedges:
	Cross-currency swap	Other non-current liabilities		3.8		7.0
	FX forwards on certain assets and liabilities	Accounts payable and accrued liabilities		0.8		1.9
Total liabilities			$	427.3	$	444.9

Cash Flow Hedging [Member]

Summary of Notional Amounts of Outstanding Derivative Positions

	December 31,				December 31,
	2016				2015
Notional amount of net investment hedges:		Sell		Buy		Sell		Buy
Contracts to sell GBP for euros	£	22.1	€	26.4	£	21.2	€	29.1
Contracts to sell Japanese yen for USD	¥	-	$	-	¥	19,400.0	$	161.8

Foreign Exchange Forwards [Member]

Summary of Notional Amounts of Outstanding Derivative Positions

	December 31,				December 31,
	2016				2015
Notional Amount of Currency Pair:		Sell		Buy		Sell		Buy
Contracts to sell USD for euros	$	-	€	-	$	70.1	€	63.4
Contracts to purchase euros with Singapore dollars	S$	55.5	€	36.0	S$	55.2	€	35.5
Contracts to sell euros for Singapore dollars	€	-	S$	-	€	1.4	S$	2.2
Contracts to sell euros for GBP	€	31.0	£	25.9	€	23.1	£	16.7
NOTE: € = Euro, £ = British pound, S$ = Singapore dollar, $ = U.S. dollar