OTHER CURRENT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2014

Summary of Other Current Liabilities

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

	As of December 31, 2014		As of December 31, 2013
Payroll and related costs	$	50.9	$	32.7
Sales allowances		25.5		26.9
Defense price reduction reserve		16.2		26.8
Vendor buyback obligation		13.2		11.8
Taxes payable		8.5		8.6
Accrued interest payable		5.2		11.2
Derivative liabilities		0.8		20.2
Other accruals		11.4		14.1
Total	$	131.7	$	152.3