ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)

12 Months Ended

Dec. 31, 2013

Equity [Abstract]

Changes in Components of Other Comprehensive Income, Net of Tax

The following table shows the changes in the components of OCI, net of tax (in millions):

	Foreign Currency Translation			Cash Flow Hedges			Unrealized Gains on Securities		Defined Benefit Plan Items
Balance December 31, 2012	$	445.5		$	4.1		$	0.4	$	(106.1	)
OCI before reclassifications		(44.4	)		33.4			0.1		30.6
Reclassifications		–			(4.4	)		–		7.9
Balance December 31, 2013	$	401.1		$	33.1		$	0.5	$	(67.6	)

Reclassification Adjustments from Accumulated Other Comprehensive Income

The following table shows the reclassification adjustments from OCI (in millions):

	Amount of Gain / (Loss) Reclassified from OCI									Location on Statement of Earnings
	For the Years Ended December 31,
Component of OCI	2013			2012			2011
Cash flow hedges
Foreign exchange forward contracts	$	8.0		$	(12.0	)	$	(32.9	)	Cost of products sold
Foreign exchange options		(0.2	)		(0.4	)		–		Cost of products sold
Cross-currency interest rate swaps		–			0.2			(8.3	)	Interest expense
		7.8			(12.2	)		(41.2	)	Total before tax
		3.4			(8.9	)		(16.7	)	Provision for income taxes
	$	4.4		$	(3.3	)	$	(24.5	)	Net of tax
Defined benefit plans
Prior service cost	$	3.9		$	2.9		$	0.8		*
Unrecognized actuarial (loss)		(16.6	)		(13.3	)		(7.4	)	*
		(12.7	)		(10.4	)		(6.6	)	Total before tax
		(4.8	)		(3.9	)		(2.6	)	Provision for income taxes
	$	(7.9	)	$	(6.5	)	$	(4.0	)	Net of tax
Total reclassifications	$	(3.5	)	$	(9.8	)	$	(28.5	)	Net of tax

Tax Effects on Each Component of Other Comprehensive Income Recognized in Statements of Comprehensive Income

The following table shows the tax effects on each component of OCI recognized in our consolidated statements of comprehensive income (in millions):

	Before Tax								Tax								Net of Tax
For the Years Ended December 31,	2013			2012		2011			2013			2012		2011			2013			2012		2011
Foreign currency cumulative translation adjustments	$	(44.4	)	$	46.1	$	4.6		$	–		$	–	$	–		$	(44.4	)	$	46.1	$	4.6
Unrealized cash flow hedge gains/(losses)		63.6			15.2		(34.9	)		30.2			4.3		(4.3	)		33.4			10.9		(30.6	)
Reclassification adjustments on foreign currency hedges		(7.8	)		12.2		41.2			(3.4	)		8.9		16.7			(4.4	)		3.3		24.5
Unrealized gains on securities		0.1			0.4		0.2			–			–		–			0.1			0.4		0.2
Adjustments to prior service cost and unrecognized actuarial assumptions		50.3			20.3		(71.3	)		11.8			8.5		(23.0	)		38.5			11.8		(48.3	)
Total Other Comprehensive Gain/(Loss)	$	61.8		$	94.2	$	(60.2	)	$	38.6		$	21.7	$	(10.6	)	$	23.2		$	72.5	$	(49.6	)