Derivatives (Tables)

6 Months Ended

Jun. 30, 2013

Fair Value of Derivatives Not Designated and Designated as Hedges

At June 30, 2013 and December31, 2012, the total fair value of the Company’s foreign exchange forward contracts, which were the only derivatives not designated as hedges, and fair value hedges, along with the accounts in the Condensed Consolidated Balance Sheets in which the fair value amounts were included, were as follows:

	June30,2013		December31,2012
Derivatives not designated as hedges
Prepaid expenses and other current assets	$	0.8	$	0.6
Accrued liabilities		10.3		24.0
Derivatives designated as fair value hedges
Prepaid expenses and other current assets	$	3.8	$	-
Other noncurrent assets		-		14.7
Other noncurrent liabilities		6.7		-

Gross and Net Amounts of Foreign Exchange Forward Contracts and Interest Rate Swaps

The gross and net amounts of foreign exchange forward contracts and interest rate swaps recognized in the Condensed Consolidated Balance Sheets as of June 30, 2013 and December31, 2012 were as follows:

June 30, 2013	GrossAmounts of Assets and Liabilities		Impactof Netting			NetAmountsofAssetsand Liabilities Presented in the Condensed Consolidated Balance Sheet		AllOtherAmounts Subject to Master NettingAgreements			PotentialNet AmountsofAssets andLiabilities
Assets
Foreign exchange forward contracts reported gross	$	0.8	$	-		$	0.8	$	(0.8	)	$	-
Foreign exchange forward contracts reported net		0.1		(0.1	)		-		-			-
Total foreign exchange forward contracts		0.9		(0.1	)		0.8		(0.8	)		-
Interest rate swaps		3.8		-			3.8		(0.7	)		3.1
Total	$	4.7	$	(0.1	)	$	4.6	$	(1.5	)	$	3.1
Liabilities
Foreign exchange forward contracts reported gross	$	6.2	$	-		$	6.2	$	(1.1	)	$	5.1
Foreign exchange forward contracts reported net		4.2		(0.1	)		4.1		-			4.1
Total foreign exchange forward contracts		10.4	$	(0.1	)	$	10.3	$	(1.1	)	$	9.2
Interest rate swaps		6.7		-			6.7		(0.4	)		6.3
Total	$	17.1		(0.1	)		17.0		(1.5	)		15.5

December31, 2012	GrossAmounts of Assets and Liabilities		Impactof Netting		NetAmountsofAssetsand LiabilitiesPresentedinthe Condensed Consolidated BalanceSheet		AllOtherAmounts SubjecttoMaster NettingAgreements			Potential Net AmountsofAssets andLiabilities
Assets
Foreign exchange forward contracts reported gross	$	0.6	$	—	$	0.6	$	(0.1	)	$	0.5
Interest rate swaps		14.7		—		14.7		(3.5	)		11.2
Total	$	15.3	$	—	$	15.3	$	(3.6	)	$	11.7
Liabilities
Foreign exchange forward contracts reported gross	$	24.0	$	—	$	24.0	$	(3.6	)	$	20.4

Pre-Tax Gains Related to Derivatives Not Designated as Hedges

The pre-tax (gains) losses related to derivatives not designated as hedges recognized in the Condensed Consolidated Statements of Operations for the three and six months ended June30, 2013 and 2012 were as follows:

	Classificationof(Gain) LossRecognizedinthe CondensedConsolidatedStatementsofOperations	ThreeMonthsEnded June30,				SixMonthsEnded June30,
		2013		2012		2013			2012
Derivatives not designated as hedges
Foreign exchange forward contracts	Selling, general and administrative expenses	$	7.3	$	3.1	$	(5.5	)	$	2.4

Schedule of Gains (Losses) for Derivatives Designated as Fair Value Hedges

For derivatives designated as fair value hedges, the pre-tax (gains) losses related to the hedged items, attributable to changes in the hedged benchmark interest rate and the offsetting gain or loss on the related interest rate swaps for the three and six months ended June 30, 2013 and 2012 were as follows:

	Classification of (Gain) Loss Recognized in the CondensedConsolidatedStatementsofOperations	ThreeMonthsEnded June 30,							SixMonthsEnded June 30,
		2013			2012			2013				2012
Fair Value Hedges
Interest rate swaps	Investment and other expense - net	$	13.3		$	(8.7	)	$		17.6		$	(3.5	)
Hedged items	Investment and other expense – net		(13.0	)		9.5				(16.7	)		3.3
Total (gain) loss recognized as ineffectiveness in the condensed consolidated statements of operations	Investment and other expense - net	$	0.3		$	0.8		$		0.9		$	(0.2	)