MARKETABLE SECURITIES (Notes)

9 Months Ended

Sep. 30, 2013

Schedule of Trading Securities and Other Trading Assets [Line Items]

Marketable Securities [Table Text Block]

MARKETABLE SECURITIES

Cost basis for the Company’s equity securities is determined by the specific identification method. Realized and unrealized gains and losses on trading securities are included in other expenses/(income) - net in the Company’s consolidated statements of earnings.

During the three months ended September 30, 2013, the Company sold all of its investments in equity securities classified as trading securities. The Company recognized gains on trading securities of $4.0 million and $3.7 million for the three months and nine months ended September 30, 2013, respectively.