Investments

3 Months Ended

Mar. 31, 2015

Investments, Debt and Equity Securities [Abstract]

INVESTMENTS

Investments

The Company’s investments, primarily in Brazil, consist of certificates of deposit which are classified as available-for-sale and stated at fair value based upon quoted market prices. Unrealized gains and losses are recorded in AOCI. Realized gains and losses are recognized in investment income and are determined using the specific identification method. Realized gains from the sale of securities and proceeds from the sale of available-for-sale securities were $0.1 and $0.3 during the three months ended March 31, 2014, respectively. There were no realized gains from the sale of securities and proceeds from the sale of available-for-sale securities for the three months ended March 31, 2015.

The Company’s investments, excluding cash surrender value of insurance contracts of $72.7 and $73.8 as of March 31, 2015 and December 31, 2014, respectively, consisted of the following:

	Cost Basis		Unrealized Gain		Fair Value
As of March 31, 2015
Short-term investments
Certificates of deposit	$	114.4	$	—	$	114.4
Long-term investments
Assets held in a rabbi trust	$	9.1	$	0.7	$	9.8
As of December 31, 2014
Short-term investments
Certificates of deposit	$	136.7	$	—	$	136.7
Long-term investments
Assets held in a rabbi trust	$	9.3	$	0.5	$	9.8