INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2016

Provision for Income Taxes

			Year Ended December 31,
			2016		2015		2014
Current:
	Federal		$	292.9	$	278.2	$	252.8
	State and Local			39.5		40.1		70.2
	Non-U.S.			102.9		93.6		102.1
		Total current		435.3		411.9		425.1
Deferred:
	Federal			(125.8)		14.7		0.9
	State and Local			(20.3)		7.6		4.9
	Non-U.S.			(7.0)		(4.2)		24.1
		Total deferred		(153.1)		18.1		29.9
Total provision for income taxes			$	282.2	$	430.0	$	455.0

Reconciliation of United States Federal Statutory Tax Rate to Effective Tax Rate on Income before Provision for Income Taxes

	Year Ended December 31,
	2016		2015	2014
U.S. statutory tax rate		35.0%	35.0%		35.0%
State and local taxes, net of federal tax benefit		2.2	3.0		3.6
Benefit of foreign operations		(13.3)	(5.8)		(7.4)
Settlement charge		27.4	-		-
Legacy tax items		(0.1)	(0.2)		(0.2)
Other		(0.6)	(0.8)		0.1
Effective tax rate		50.6%	31.2%		31.1%
Income tax paid	$	355.7	397.4	$	369.4

Source of Income before Provision for Income Taxes

	Year Ended December 31,
	2016		2015		2014
United States	$	37.2	$	913.9	$	912.6
International		520.8		465.7		548.4
Income before provision for income taxes	$	558.0	$	1,379.6	$	1,461.0

Components of Deferred Tax Assets and Liabilities

				December 31,
				2016		2015
Deferred tax assets:
	Current:
		Account receivable allowances		$	-	$	6.6
		Accrued compensation and benefits			-		12.5
		Deferred revenue			-		8.0
		Legal and professional fees			-		10.7
		Restructuring			-		1.2
		Other			-		3.0
			Total current		-		42.0
	Non-current:
		Account receivable allowances			6.0		-
		Accumulated depreciation and amortization			1.3		0.9
		Stock-based compensation			54.4		56.1
		Accrued compensation and benefits			119.3		101.6
		Deferred rent and construction allowance			30.1		28.5
		Deferred revenue			46.2		35.8
		Foreign net operating loss (1)			3.7		3.7
		Settlement Charge			163.2		-
		Legal and professional fees			4.2		-
		Restructuring			2.2		-
		Uncertain tax positions			37.3		38.2
		Self-insured related reserves			15.1		22.7
		Other			4.5		4.4
			Total non-current		487.5		291.9
Total deferred tax assets				$	487.5	$	333.9
Deferred tax liabilities:
	Current:
		Compensation and benefits		$	-	$	(3.0)
		Unrealized gain on net investment hedges - OCI			-		(24.2)
		Other			-		(1.5)
			Total Current		-		(28.7)
	Non-current:
		Accumulated depreciation and amortization of intangible assets and capitalized software		$	(189.8)	$	(178.3)
		Foreign earnings to be repatriated			(7.5)		(2.9)
		Capital Gains			(24.1)		(24.7)
		Self-insured related income			(15.1)		(22.7)
		Stock based compensation			(2.9)		-
		Unrealized gain on net investment hedges - OCI			(21.0)		-
		Other liabilities			(12.1)		(5.8)
			Total non-current		(272.5)		(234.4)
Total deferred tax liabilities					(272.5)		(263.1)
Net deferred tax asset					215.0		70.8
Valuation allowance					(3.2)		(4.3)
Total net deferred tax assets				$	211.8	$	66.5
(1) Amounts are primarily set to expire beginning in 2018, if unused.

Reconciliation of Uncertain Tax Positions

	Year Ended December 31,
	2016		2015		2014
Balance as of January 1	$	203.4	$	220.3	$	195.6
Additions for tax positions related to the current year		21.9		24.1		52.5
Additions for tax positions of prior years		12.4		14.0		8.7
Reductions for tax positions of prior years		(27.6)		(41.6)		(31.4)
Settlements with taxing authorities		(8.3)		(7.8)		(1.8)
Lapse of statute of limitations		(2.0)		(5.6)		(3.3)
Balance as of December 31	$	199.8	$	203.4	$	220.3