DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of Interest Rate Swap

Hedged Item	Nature of Swap	Notional Amount				Floating Interest Rate
			As of March 31, 2018		As of December 31, 2017
2010 Senior Notes due 2020	Pay Floating/Receive Fixed	$	500.0	$	500.0	3-month LIBOR
2014 Senior Notes due 2019	Pay Floating/Receive Fixed	$	450.0	$	450.0	3-month LIBOR
2012 Senior Notes due 2022	Pay Floating/Receive Fixed	$	80.0	$	80.0	3-month LIBOR

Gains and Losses on Derivatives Designated as Hedging Instruments

			Amount of Income Recognized in the Consolidated Statements of Operations
			Three Months Ended March 31,
Derivatives Designated as Fair Value Accounting Hedges	Location on Consolidated Statement of Operations		2018		2017
Interest rate swaps	Interest expense, net	$	(0.1)	$	2.4

Summary of Notional Amounts of Outstanding Foreign Exchange Forwards

	March 31,				December 31,
	2018				2017
Notional amount of currency pair:		Sell		Buy		Sell		Buy
Contracts sell USD for GBP	$	708.7	£	512.9	$	484.7	£	362.3
Contracts to sell USD for Japanese Yen	$	24.9	¥	2,700.0	$	24.3	¥	2,700.0
Contracts to sell USD for Canadian dollars	$	51.7	C$	64.0	$	51.7	C$	64.0
Contracts to sell USD for Singapore dollars	$	-	S$	-	$	39.2	S$	53.0
Contracts to sell USD for Euros	$	74.8	€	60.0	$	465.2	€	390.0
NOTE: € = Euro, £ = British pound, $ = U.S. dollar, ¥ = Japanese Yen, C$ = Canadian dollar, S$= Singapore dollars

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						Amount of Gain/(Loss) Recognized Directly into Income (Ineffective Portion), net of tax
Non-Derivative Instruments in Net Investment Hedging Relationships		Three Months Ended				Three Months Ended						Three Months Ended
		March 31,				March 31,						March 31,
		2018		2017		2018			2017			2018			2017
Long-term debt		$	(10.9)	$	(3.6)	$	-		$	-		$	-		$	-
	Total net investment hedges	$	(10.9)	$	(3.6)	$	-		$	-		$	-		$	-
Derivatives in Cash Flow Hedging Relationships
Cross currency swap		$	1.5	$	(0.2)	$	0.1	*	$	1.0	*	$	(0.5)	**	$	-
Interest rate contracts			-		-		-			(0.1)			-			-
	Total cash flow hedges	$	1.5	$	(0.2)	$	0.1		$	0.9		$	(0.5)		$	-
Total		$	(9.4)	$	(3.8)	$	0.1		$	0.9		$	(0.5)		$	-
	* For the three months ended March, 31, 2018, reflects $0.1 million in gains recorded in other non-operating income (expense), net. For the three months ended March 31, 2017, reflects reflects $1.5 million in gains recorded in other non-operating income (expense), net and $0.5 million relating to the tax effect of the aforementioned item.
	** For the three months ended March, 31, 2018, reflects $0.7 million in losses recorded in other non-operating income (expense), net and $0.2 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
		March 31,		December 31,
Net investment hedges		2018		2017
FX forwards		$	23.5	$	23.5
Long-term debt			(35.6)		(24.7)
	Total net investment hedges	$	(12.1)	$	(1.2)
Cash flow hedges
Interest rate contracts		$	(0.4)	$	(0.4)
Cross currency swap			2.7		1.3
	Total cash flow hedges		2.3		0.9
Total net losses in AOCI		$	(9.8)	$	(0.3)

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

		Three Months Ended
		March 31,
Derivatives Not Designated as Accounting Hedges	Location on Statement of Operations	2018		2017
Foreign exchange forwards	Other non-operating income, net	$	27.6	$	(2.3)

Fair Value of Derivative Instruments

		Derivative and Non-Derivative Instruments
		Balance Sheet Location	March 31, 2018		December 31, 2017
Assets:
Derivatives designated as accounting hedges:
	Interest rate swaps	Other assets	$	-	$	0.5
	Total derivatives designated as accounting hedges			-		0.5
Derivatives not designated as accounting hedges:
	FX forwards on certain assets and liabilities	Other current assets		14.5		12.5
Total assets			$	14.5	$	13.0
Liabilities:
Derivatives designated as accounting hedges:
	Interest rate swaps	Other non-current liabilities	$	12.2	$	3.5
	Total derivatives designated as accounting hedges			12.2		3.5
Non-derivative instrument designated as accounting hedge
	Long-term debt designated as net investment hedge	Long-term debt		614.9		600.4
Derivatives not designated as accounting hedges:
	FX forwards on certain assets and liabilities	Accounts payable and accrued liabilities		4.1		2.0
Total liabilities			$	631.2	$	605.9