FAIR VALUES (Tables)

12 Months Ended

Dec. 31, 2012

FAIR VALUES [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

In accordance with the fair value hierarchy described above, the following table shows the fair value of our financial assets and liabilities that are required to be measured at fair value on a recurring basis at December 31, 2011 and 2012.

(In millions) Description	Classification	Total Value		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
December 31, 2011:
Rabbi Trust assets	Prepaid expenses and other current assets	$	7.5	$	7.5	$	-	$	-
Interest rate swaps	Other long-term assets		5.5		-		5.5		-
Interest rate cap	Other long-term assets		0.2		-		0.2		-
Canadian Dollar – U.S. Dollar forward contracts	Prepaid expenses and other current assets		0.1		-		0.1		-
Total assets		$	13.3	$	7.5	$	5.8	$	-
Rabbi Trust liabilities	Accrued employee compensation and benefits	$	7.5	$	7.5	$	-	$	-
Deferred director fees	Accrued expenses and other current liabilities		0.2		0.2		-		-
Acquisition consideration	Current portion of acquisition consideration payable		192.7		-		-		192.7
5.125% Senior Notes  due 2014	Long-term debt		263.0		-		263.0		-
Acquisition consideration	Acquisition consideration payable, net of current portion		17.7		-		-		17.7
Total liabilities		$	481.1	$	7.7	$	263.0	$	210.4
December 31, 2012:
Rabbi Trust assets	Prepaid expenses and other current assets	$	8.4	$	8.4	$	-	$	-
Interest rate cap	Other long-term assets		-		-		-		-
British Pound – U.S. Dollar forward contract	Prepaid expenses and other current assets		-		-		-		-
Canadian Dollar – U.S. Dollar forward contracts	Prepaid expenses and other current assets		0.2		-		0.2		-
Total assets		$	8.6	$	8.4	$	0.2	$	-
Rabbi Trust liabilities	Accrued employee compensation and benefits	$	8.4	$	8.4	$	-	$	-
Deferred director fees	Accrued expenses and other current liabilities		0.2		0.2		-		-
Acquisition consideration	Current portion of acquisition consideration payable		30.3		-		-		30.3
Acquisition consideration	Acquisition consideration payable, net of current portion		6.0		-		-		6.0
Total liabilities		$	44.9	$	8.6	$	-	$	36.3

Changes in Level 3 contingent consideration liability

The following table presents the changes in Level 3 acquisition consideration liabilities for 2011 and 2012.

(In millions)	Acquisition of Moda			Acquisition of SWH			Total Acquisition Consideration Payable
Balance, January 1, 2011	$	22.9		$	191.0		$	213.9
Payments		-			(15.4	)		(15.4	)
Total adjustments included in earnings		(8.1	)		20.0			11.9
Balance, December 31, 2011		14.8			195.6			210.4
Payments		(3.5	)		(255.0	)		(258.5	)
Total adjustments included in earnings		(3.9	)		88.3			84.4
Balance, December 31, 2012	$	7.4		$	28.9		$	36.3

Quantitative information about Level 3 contingent consideration liability measurements

The following table represents quantitative information about the Level 3 contingent consideration liability measurements at December 31, 2012.

(In millions)	Fair Value at December 31, 2012		Valuation technique	Unobservable inputs	Range (Weighted Average)
Acquisition of Moda	$	7.4	Discounted projection of financial results	Net sales growth Gross margin multiplier Discount rate	-30% - +10% (-2.7%) 1.50 - 1.63 (1.59) 11.7%
Acquisition of SWH	$	28.9	Discounted projection of financial results and future cash flow	EBITDA (1) multiplier Discount rate	9.0 11.7%

(1) – Adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA") as defined in the acquisition agreement.

Fair value of non-financial assets and liabilities

In accordance with the fair value hierarchy described above, the following table shows the fair value of our non-financial assets and liabilities that were measured at fair value on a nonrecurring basis during the years ended December 31, 2010, 2011 and 2012, and the total losses recorded as a result of the remeasurement process.

(In millions)			Fair Value Measurements Using
Description	Fair Value		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobserv-able inputs (Level 3)		Total losses recorded during year
For the year ended December 31, 2010:
Property and equipment	$	-	$	-	$	-	$	-	$	9.0
License agreement		-		-		-		-		2.6
Trademarks		107.2		-		-		107.2		37.6
For the year ended December 31, 2011:
Property and equipment		1.2		-		-		1.2		10.2
Transportation equipment		0.6		0.6		-		-		0.4
Trademarks		75.7		-		-		75.7		31.5
For the year ended December 31, 2012:
Property and equipment		0.1		-		-		0.1		1.1
Trademarks		43.6		-		-		43.6		21.5
Customer relationships		8.9		-		-		8.9		5.6
Goodwill		5.2		-		-		5.2		47.6

Estimated fair values of other financial instruments by balance sheet location

At December 31, 2012 and 2011, the fair values of cash and cash equivalents, receivables and accounts payable approximated their carrying values due to the short-term nature of these instruments.  The estimated fair values of other financial instruments subject to fair value disclosures were valued using market comparable inputs.  These inputs include broker quotes, quoted market prices, interest rates and exchange rates for the same or similar instruments.  The fair value and related carrying amounts for items not disclosed elsewhere are as follows.

December 31,	2012						2011
(In millions)	Fair Value Level		Carrying Amount		Fair Value		Carrying Amount		Fair Value
Senior Notes, including hedged items recorded at fair value		1	$	924.3	$	884.5	$	821.7	$	692.6
Other long-term debt, including current portion		2		10.2		9.3		9.8		8.2
Note receivable from GRI		2		-		-		10.0		10.0