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OTHER CURRENT LIABILITIES
9 Months Ended
Sep. 30, 2014
OTHER CURRENT LIABILITIES

NOTE K. OTHER CURRENT LIABILITIES

Other current liabilities consist of the following (dollars in millions):

 

     As of
September 30,
2014
     As of
December 31,
2013
 

Payroll and related costs

   $ 48.2       $ 37.6   

Sales allowances

     25.3         26.9   

Accrued interest payable

     13.9         11.2   

Vendor buyback obligation

     12.6         11.8   

Defense price reduction reserve

     12.0         26.8   

Taxes payable

     12.3         8.6   

Research and development payable

     1.7           

Derivative liabilities

     0.4         20.2   

Other accruals

     15.2         9.2   
  

 

 

    

 

 

 

Total

   $ 141.6       $ 152.3