DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Sep. 30, 2013

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Schedule of location and fair value amounts of derivative instruments reported in the consolidated condensed balance sheets

The following table presents the location and fair value amounts of derivative instruments reported in the consolidated condensed balance sheets (in millions):

		Fair Value
Derivatives designated as hedging instruments	Balance Sheet Location	September 30, 2013		December 31, 2012
Assets
Foreign currency contracts	Other current assets	$	13.2	$	5.7
Liabilities
Foreign currency contracts	Accrued liabilities	$	10.8	$	—

Schedule of effect of master-netting agreements and rights of offset on the consolidated condensed balance sheets

The following table presents the effect of master-netting agreements and rights of offset on the consolidated condensed balance sheets (in millions):

								Gross Amounts Not Offset in the Consolidated Balance Sheet
			Gross Amounts Offset in Consolidated Balance Sheet
						Net Amounts Presented in the Consolidated Balance Sheet
September 30, 2013	Gross Amounts(a)							Financial Instruments			Cash Collateral Received		Net Amount
Derivative Assets
Foreign currency contracts	$	13.2	$	—		$	13.2	$	(5.2	)	$	—	$	8.0
Derivative Liabilities
Foreign currency contracts	$	10.8	$	—		$	10.8	$	(5.2	)	$	—	$	5.6
December 31, 2012
Derivative Assets
Foreign currency contracts	$	10.9	$	(5.2	)	$	5.7	$	—		$	—	$	5.7
Derivative Liabilities
Foreign currency contracts	$	5.2	$	(5.2	)	$	—	$	—		$	—	$	—

(a)

The gross amounts presented as of December 31, 2012 do not include derivative assets of $3.8 million, and derivative liabilities of $3.8 million as these derivatives were not subject to a master-netting arrangement and did not have rights of offset.

Schedule of effect of derivative instruments on the consolidated condensed statements of operations and consolidated condensed statements of comprehensive income

The following tables present the effect of derivative instruments on the consolidated condensed statements of operations and consolidated condensed statements of comprehensive income (in millions):

	Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)							Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income
	Three Months Ended September 30,							Three Months Ended September 30,
							Location of Gain or (Loss) Reclassified from Accumulated OCI into Income
Derivatives in cash flow hedging relationships	2013			2012				2013		2012
Foreign currency contracts	$	(14.4	)	$	(9.5	)	Cost of goods sold	$	7.3	$	6.2

	Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)					Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income
	Nine Months Ended September 30,					Nine Months Ended September 30,
					Location of Gain or (Loss) Reclassified from Accumulated OCI into Income
Derivatives in cash flow hedging relationships	2013		2012			2013		2012
Foreign currency contracts	$	13.3	$	3.9	Cost of goods sold	$	18.3	$	3.5

		Amount of Gain or (Loss) Recognized in Income on Derivative
		Three Months Ended September 30,
	Location of Gain or (Loss) Recognized in Income on Derivative
Derivatives not designated as hedging instruments		2013			2012
Foreign currency contracts	Other expense, net	$	(0.3	)	$	(3.5	)

		Amount of Gain or (Loss) Recognized in Income on Derivative
		Nine Months Ended September 30,
	Location of Gain or (Loss) Recognized in Income on Derivative
Derivatives not designated as hedging instruments		2013		2012
Foreign currency contracts	Other expense, net	$	14.1	$	(3.0	)