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FINANCIAL INSTRUMENTS (Tables)
6 Months Ended
Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value of Derivative Financial Instruments in Consolidated Balance Sheet
Fair Values of Derivative Financial Instruments in the Consolidated Balance Sheets:
 
Fair Values of Derivative Instruments
 
Assets
 
Liabilities
 
Balance Sheet
 
June 30,
2015
 
December 31,
2014
 
Balance Sheet
 
June 30,
2015
 
December 31,
2014
 
Classification
 
Fair Value
 
Fair Value
 
Classification
 
Fair Value
 
Fair Value
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
2013 Interest Rate Swap(i)
Prepaid expenses and other
 
$

 
$

 
Accrued expenses and other
 
$
4.2

 
$
2.1

 
Other assets
 

 

 
Other long-term liabilities
 
2.9

 
1.4

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
FX Contracts(ii)   
Prepaid expenses and other
 
$
0.7

 
$
0.2

 
Accrued Expenses
 
$
0.2

 
$


(i) The fair values of the 2013 Interest Rate Swap at June 30, 2015 and December 31, 2014 were measured based on the implied forward rates from the U.S. Dollar three-month LIBOR yield curve at June 30, 2015 and December 31, 2014, respectively.

(ii) The fair values of the FX Contracts at June 30, 2015 and December 31, 2014 were measured based on observable market transactions of spot and forward rates at June 30, 2015 and December 31, 2014, respectively.

Effects of Derivative Financial Instruments on Income and Other Comprehensive Income (Loss)
Effects of Derivative Financial Instruments on the Consolidated Statements of Income and Comprehensive Income for the three and six months ended June 30, 2015 and 2014:
 
Amount of Gain (Loss) Recognized in Other Comprehensive Income
Three Months Ended June 30,

Six Months Ended June 30,
2015

2014

2015

2014
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
2013 Interest Rate Swap, net of tax (a)
$
(0.1
)
 
$
(1.9
)
 
$
(2.0
)
 
$
(2.9
)
(a) 
Net of tax benefit of nil and $1.2 million for the three months ended June 30, 2015 and 2014, respectively, and $1.2 million and $1.8 million for the six month ended June 30, 2015 and 2014, respectively.
 
Income Statement Classification
Amount of Gain (Loss) Recognized in Net Income
Three Months Ended June 30,
 
Six Months Ended June 30,
2015
 
2014
 
2015
 
2014
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
2013 Interest Rate Swap
Interest Expense
$
(0.5
)
 
$

 
$
(0.5
)
 
$

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
FX Contracts
Foreign currency gain (loss), net
$
0.4

 
$
(1.2
)
 
$
0.9

 
$
(1.3
)