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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
6 Months Ended
Jun. 30, 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:

Fair Value as of
Liability Derivatives
Balance Sheet Location
June 30, 2013
December 31, 2012
Derivatives designated as hedging instruments:
Interest rate swaps
Other long-term liabilities
$
(6.1
)
$
(8.4
)
Interest rate swaps
Accrued liabilities
(0.6
)
-
Summary of cash flow hedges
Cash flow hedges

Derivatives in Cash Flow Hedging Relationships
Amount of Gain or (Loss) Recognized in Other Comprehensive
Income on Derivatives
(Effective Portion)
 
Six Months Ended June 30,
 
Three Months Ended June 30,
 
2013
 
2012
 
2013
 
2012
 
Interest rate swaps, net of tax
 
$
1.2
  
$
-
  
$
0.8
  
$
(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:
 
Location of
Amount of Gain or (Loss) Recognized in Income on Derivatives
 
Gain or (Loss) Recognized in
Six Months Ended June 30,
 
Three Months Ended June 30,
 
Derivatives Not Designated as Hedging Instruments
Income on
Derivatives
2013
 
2012
 
2013
 
2012
 
Foreign currency exchange contracts
Other, net
 
$
(0.9
)
 
$
0.3
  
$
(1.0
)
 
$
0.7