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FINANCIAL INSTRUMENTS (Tables)
12 Months Ended
Dec. 31, 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
 
December 31,
2015
 
December 31,
2014
 
Balance Sheet
 
December 31,
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
 
$
4.0

 
$
2.1

 
Other assets
 

 

 
Other long-term liabilities
 
2.5

 
1.4

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
FX Contracts(ii)   
Prepaid expenses and other
 
$
2.0

 
$
0.2

 
Accrued Expenses
 
$
0.6

 
$


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

(ii) The fair values of the FX Contracts at December 31, 2015 and December 31, 2014 were measured based on observable market transactions of spot and forward rates at December 31, 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 (Loss) for each of 2015, 2014 and 2013:
 
Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss)
Year Ended December 31,
2015

2014

2013
Derivatives designated as hedging instruments:
 
 
 
 
 
2013 Interest Rate Swap, net of tax (a)
$
(1.6
)
 
$
(3.7
)
 
$
1.5

(a) 
Net of tax (benefit) expense of $(1.0) million, $(2.3) million and $1.0 million for each of 2015, 2014 and 2013, respectively.
 
Income Statement Classification
Amount of Gain (Loss) Recognized in Net Income
Year Ended December 31,
2015
 
2014
 
2013
Derivatives designated as hedging instruments:
 
 
 
 
 
2013 Interest Rate Swap
Interest Expense
$
(2.6
)
 
$

 
$

Derivatives not designated as hedging instruments:
 
 
 
 
 
FX Contracts
Foreign currency gain, net
$
3.8

 
$
0.5

 
$
2.2