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OTHER CURRENT AND NON-CURRENT ASSETS
9 Months Ended
Sep. 30, 2013
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
OTHER CURRENT AND NON-CURRENT ASSETS
OTHER CURRENT AND NON-CURRENT ASSETS 
 
September 30,
2013
 
December 31,
2012
Short-term investments
$
102.4

 
$
38.2

Asbestos-related current assets
84.5

 
82.6

Prepaid income taxes
62.0

 
66.7

Current deferred income taxes
58.9

 
19.9

Other
62.4

 
44.0

Other current assets
$
370.2

 
$
251.4

Other employee benefit-related assets
$
106.6

 
$
87.7

Capitalized software costs
15.2

 
13.4

Environmental-related assets
11.7

 
12.3

Equity method investments
8.3

 
8.6

Other
18.5

 
29.2

Other non-current assets
$
160.3

 
$
151.2



Short-term investments are comprised of time deposits having an original maturity exceeding three months at time of purchase. These investments mature within six months of the balance sheet date. These investments have been classified as held-to-maturity and are recorded at amortized cost, which approximates fair value.