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STOCKHOLDERS' EQUITY
 9 Months Ended
Sep. 30, 2014
Equity [Abstract]  
STOCKHOLDERS' EQUITY
STOCKHOLDERS’ EQUITY
Share Repurchase Program

On May 2, 2014, the Company entered into an accelerated share repurchase program (the “ASR Program”) with Goldman, Sachs & Co. (“Goldman”) to repurchase $1.0 billion of the Company’s common stock under the stock repurchase program approved by the Company’s Board of Directors in 2009 (the “Repurchase Program”). As of September 30, 2014, the Company had used all amounts authorized for stock repurchase under the Repurchase Program.
During the three months ended June 30, 2014, the Company made an up-front payment of $1.0 billion pursuant to the ASR Program and received and retired 2.5 million shares of the Company’s common stock. It was accounted for as a reduction of common stock and additional paid-in capital by an aggregate of $89.6 million and a reduction of retained earnings by $815.5 million. The remaining $94.9 million was recorded as a forward contract as a reduction to additional paid-in capital.
On September 19, 2014, Goldman exercised its early termination option under the ASR Program and the pricing period was closed. No additional shares were received by the Company. At the completion of the ASR program, the Company reclassified $94.9 million related to the forward contract out of additional paid-in-capital as a reduction to retained earnings.
The following table provides the share repurchase activities during the three and nine months ended September 30, 2014, and 2013 (in millions, except per share amounts):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Shares repurchased
—

 
1.8

 
2.5

 
2.6

Average price per share
$
—

 
$
398.87

 
$
397.52

 
$
429.09

Value of shares repurchased
$
—

 
$
693.8

 
$
1,000.0

 
$
1,109.2




Accumulated Other Comprehensive Income
The components of accumulated other comprehensive income (loss), net of tax, for the three and nine months ended September 30, 2014, and 2013, are as follows (in millions):
 
Three Months Ended September 30, 2014
 
Gains (Losses)
on Hedge
Instruments
 
Unrealized Gains
(Losses) on Securities
 
Foreign
Currency
Translation
Gains (Losses)
 
Employee Benefit Plans
 
Total
Beginning balance
$
(0.1
)
 
$
2.5

 
$
0.7

 
$
(2.5
)
 
$
0.6

Other comprehensive income before reclassifications
6.4

 
(2.9
)
 
(1.0
)
 
—

 
2.5

Reclassified from accumulated other comprehensive income
(1.7
)
 
(0.1
)
 
—

 
0.1

 
(1.7
)
Net current-period other comprehensive income
4.7

 
(3.0
)
 
(1.0
)
 
0.1

 
0.8

Ending balance
$
4.6

 
$
(0.5
)
 
$
(0.3
)
 
$
(2.4
)
 
$
1.4

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2013
 
Gains (Losses)
on Hedge
Instruments
 
Unrealized Gains
(Losses) on Securities
 
Foreign
Currency
Translation
Gains (Losses)
 
Employee Benefit Plans
 
Total
Beginning balance
$
0.6

 
$
(2.8
)
 
$
0.1

 
$
—

 
$
(2.1
)
Other comprehensive income before reclassifications
(3.0
)
 
3.9

 
0.5

 
—

 
1.4

Reclassified from accumulated other comprehensive income
0.5

 
0.6

 
—

 
—

 
1.1

Net current-period other comprehensive income
(2.5
)
 
4.5

 
0.5

 
—

 
2.5

Ending balance
$
(1.9
)
 
$
1.7

 
$
0.6

 
$
—

 
$
0.4

 
Nine Months Ended September 30, 2014
 
Gains (Losses)
on Hedge
Instruments
 
Unrealized Gains
(Losses) on Securities
 
Foreign
Currency
Translation
Gains (Losses)
 
Employee Benefit Plans
 
Total
Beginning balance
$
—

 
$
1.7

 
$
0.4

 
$
—

 
$
2.1

Other comprehensive income before reclassifications
6.8

 
(1.5
)
 
(0.7
)
 
(2.6
)
 
2.0

Reclassified from accumulated other comprehensive income
(2.2
)
 
(0.7
)
 
—

 
0.2

 
(2.7
)
Net current-period other comprehensive loss
4.6

 
(2.2
)
 
(0.7
)
 
(2.4
)
 
(0.7
)
Ending balance
$
4.6

 
$
(0.5
)
 
$
(0.3
)
 
$
(2.4
)
 
$
1.4

 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2013
 
Gains (Losses)
on Hedge
Instruments
 
Unrealized Gains
(Losses) on Securities
 
Foreign
Currency
Translation
Gains (Losses)
 
Employee Benefit Plans
 
Total
Beginning balance
$
—

 
$
6.2

 
$
0.4

 
$
—

 
$
6.6

Other comprehensive income before reclassifications
(1.4
)
 
(5.4
)
 
0.2

 
—

 
(6.6
)
Reclassified from accumulated other comprehensive income
(0.5
)
 
0.9

 
—

 
—

 
0.4

Net current-period other comprehensive loss
(1.9
)
 
(4.5
)
 
0.2

 
—

 
(6.2
)
Ending balance
$
(1.9
)
 
$
1.7

 
$
0.6

 
$
—

 
$
0.4