DETAIL OF CERTAIN BALANCE SHEET INFORMATION

12 Months Ended

Dec. 31, 2016

DETAIL OF CERTAIN BALANCE SHEET INFORMATION

NOTE 11 DETAIL OF CERTAIN BALANCE SHEET INFORMATION

The following tables contain additional detail related to certain balance sheet captions:

		December 31,
		2016		2015
Other current assets:
	Prepaid taxes	$	47.0	$	83.3
	Prepaid expenses		65.7		66.9
	Other		28.1		29.4
	Total other current assets	$	140.8	$	179.6
		December 31,
		2016		2015
Other assets:
	Investments in joint ventures	$	26.3	$	28.7
	Deposits for real-estate leases		10.8		11.4
	Indemnification assets related to acquisitions		16.5		19.2
	Mutual funds and fixed deposits		32.7		55.0
	Other		25.9		26.1
	Total other assets	$	112.2	$	140.4
		December 31,
		2016		2015
Accounts payable and accrued liabilities:
	Salaries and benefits	$	89.3	$	83.0
	Incentive compensation		151.1		137.2
	Accrued settlement charge		863.8		-
	Customer credits, advanced payments and advanced billings		28.4		24.6
	Self-insurance reserves		11.1		19.7
	Dividends		78.5		78.2
	Professional service fees		40.4		54.5
	Interest accrued on debt		59.2		59.4
	Accounts payable		28.4		22.2
	Income taxes (see Note 15)		16.8		11.5
	Restructuring (see Note 9)		6.3		-
	Pension and other retirement employee benefits (see Note 13)		6.1		6.2
	Other		64.9		70.1
	Total accounts payable and accrued liabilities	$	1,444.3	$	566.6
		December 31,
		2016		2015
Other liabilities:
	Pension and other retirement employee benefits (see Note 13)	$	264.1	$	261.7
	Deferred rent-non-current portion		98.3		98.4
	Interest accrued on UTPs		34.1		27.9
	Legacy and other tax matters		1.2		1.7
	Other		27.5		27.5
	Total other liabilities	$	425.2	$	417.2

Changes in the Company’s self-insurance reserves for claims insured by the Company’s wholly-owned insurance subsidiary, which primarily relate to legal defense costs for claims from prior years, are as follows:

		Year Ended December 31,
		2016		2015		2014
Balance January 1,		$	19.7	$	21.5	$	27.6
	Accruals (reversals), net		12.1		22.2		5.8
	Payments		(20.7)		(24.0)		(11.9)
Balance December 31,		$	11.1	$	19.7	$	21.5

Redeemable Noncontrolling Interest:

In connection with the acquisition of Copal, the Company and the non-controlling shareholders entered into a put/call option agreement whereby the Company had the option to purchase from the non-controlling shareholders and the non-controlling shareholders had the option to sell to the Company the remaining 33% ownership interest of Copal Partners Limited based on a strike price to be calculated on pre-determined formulas using a combination of revenue and EBITDA multiples when exercised. The value of the estimated put/call option strike price on the date of acquisition was based on a Monte Carlo simulation model. This model contemplated multiple scenarios which simulated certain of Copal’s revenue, EBITDA margins and equity values to estimate the present value of the expected strike price of the option. In connection with the acquisition of Amba in December 2013, which was combined with Copal to form the Copal Amba operating segment and reporting unit, the aforementioned revenue and EBITDA multiples set forth in the put/call option agreement were modified to include the results of Amba. The option was subject to a minimum exercise price of $46million. There was no limit as to the maximum amount of the strike price on the put/call option.

In the fourth quarter of 2014, the Company exercised its call option to acquire the remaining interest of Copal Amba.

The following table shows changes in the redeemable noncontrolling interest related to the acquisition of Copal Amba:

		Year Ended December 31,
		2014
		Redeemable Noncontrolling Interest
Balance January 1,		$	80.0
	Net earnings		9.3
	Dividends		(4.9)
	Redemption of noncontrolling interest		(183.8)
	Adjustment to redemption value (1)		99.4
Balance December 31,		$	-
	(1) The adjustment to the redemption value in the year ended December 31, 2014 reflects the aforementioned revisions to the revenue and EBITDA multiples pursuant to the amendment of the put/call agreement which occurred contemporaneously with the acquisition of Amba coupled with growth in the Copal Amba reporting unit. These adjustments were recorded with a corresponding reduction to capital surplus.