INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Components of Earnings Before Incomes Taxes

	Year Ended December 31,
	2014		2013		2012
Earnings/(loss) from continuing operations before income taxes
United States	$	(216.6)	$	65.9	$	(43.8)
Foreign		226.4		173.6		130.5
Earnings before income taxes	$	9.8	$	239.5	$	86.7

Components of Income Tax Expense

	Year Ended December 31,
	2014		2013		2012
Current:
Federal	$	(83.8)	$	19.5	$	(38.1)
State		-		-		-
Foreign		39.4		30.4		20.7
	$	(44.4)	$	49.9	$	(17.4)
Deferred:
Federal		(6.6)		(6.1)		22.7
State		1.6		(1.1)		(0.7)
Foreign		1.5		1.9		2.5
		(3.5)		(5.3)		24.5
Total income tax (benefit)/expense	$	(47.9)	$	44.6	$	7.1

Difference Between Income Tax Expense and Amount Computed by Applying Statutory United States Federal Income Tax Rate to Pre-Tax Earnings

	Year Ended December 31,
	2014		2013		2012
Statutory federal income tax expense	$	3.4	$	83.8	$	30.3
U.S. state income taxes		(7.6)		2.3		(1.5)
Foreign tax rate differential		(39.9)		(30.6)		(28.6)
Non-deductible charges/losses and other		8.9		3.0		8.5
Research and development credit		(12.7)		(13.9)		(1.6)
	$	(47.9)	$	44.6	$	7.1

Tax Effects of Temporary Differences and Carryforwards that Give Rise to Deferred Income Tax Assets and Liabilities

	December 31,
	2014		2013
Deferred tax assets:
Inventory reserves	$	11.4	$	20.8
Warranty reserves		16.6		14.1
Accrued liabilities		27.9		31.0
Net operating loss carryforward		2.8		24.0
Research and development credit carry forward		34.4		7.3
Alternative minimum tax credit carryforward		5.0		5.0
Other		2.4		10.0
	$	100.5	$	112.2
Deferred tax liabilities:
Book to tax revenue differences		(4.3)		(13.4)
Intangible assets		(160.9)		(168.4)
Depreciation		(14.9)		(34.4)
Other		(8.7)		-
Software development costs		(0.1)		(0.7)
		(188.9)		(216.9)
Deferred tax liability before valuation allowance		(88.4)		(104.7)
Valuation allowance		(12.9)		(31.1)
Net deferred tax liability	$	(101.3)	$	(135.8)

Reconciliation of Beginning and Ending Amounts of Gross Uncertain Tax Positions

	2014		2013		2012
Balance, beginning of the period	$	47.5	$	34.6	$	21.7
Additions for current year tax positions		38.1		10.8		10.6
Additions for tax positions of prior years		1.6		2.1		2.3
Impact of Spin-off		(11.2)		--		--
Currency fluctuations		(0.3)		--		--
Balance, end of the period	$	75.7	$	47.5	$	34.6