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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
3 Months Ended
Mar. 31, 2013
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract]  
Fair value of derivative instruments in the Balance Sheet
The following table sets forth the fair values of our derivative instruments and where they are recorded within our condensed consolidated balance sheet:
 
Liability Derivatives
Balance Sheet Location
 
Fair Value as of
 
   
 March 31, 2013
  
December 31, 2012
 
        
Derivatives designated as hedging instruments:
        
          
Interest rate swaps
Other long-term liabilities
 $(7.8) $(8.4)
          
Summary of cash flow hedges
Cash flow hedges
 
  
Amount of Gain or (Loss) Recognized in Other
Comprehensive Income on Derivatives
 
   
(Effective Portion)
 
Derivatives in Cash Flow Hedging Relationships
 
 
Three Months Ended March 31,
 
   
2013
  
2012
 
        
        
Interest rate swaps, net of tax
 $0.4  $0.2 
          
Changes in fair value of foreign exchange contracts
We have not designated our foreign currency derivative contracts for hedge accounting treatment and therefore, changes in fair value of these contracts are recorded in earnings as follows:
 
 
Derivatives Not Designated as Hedging Instruments
Location of Gain
or (Loss)
Recognized in
 
Amount of Gain or (Loss) Recognized
in Income on Derivatives
 
 
Income on
Derivatives
 
Three Months Ended March 31,
 
     
2013
  
2012
 
          
Foreign currency exchange contracts
Other, net
 $0.1  $(0.4)