LONG-TERM INCENTIVE EMPLOYEE COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Long-Term Incentive Employee Compensation Costs

The following table provides the components of LTIP costs for the three months ended March 31, 2016 and 2015.

For the Three Months Ended March 31	2016		2015
Equity based awards	$	2.9	$	3.1
Liability-based awards	0.5		0.2
Total share-based compensation expense	$	3.4	$	3.3

Summary of Long-Term Incentive Plan Award Grants during year

	# of Awards Granted	Grant Date Fair Value
Non-qualified stock options (NQOs)	0.4		$	9.16
Restricted stock units (RSUs)	0.3		$	33.01
Performance stock units (PSUs)	0.2		$	33.27

Weighted Average Grant Date Fair Value Assumptions for NQOs

The fair value of each NQO grant was estimated on the date of grant using a binomial lattice pricing model that incorporates multiple and variable assumptions over time, including assumptions such as employee exercise patterns, stock price volatility and changes in dividends. The following table details the weighted average assumptions used to measure fair value and the resulting grant date fair value for the first quarter 2016 NQO grants.

Dividend yield	1.5%
Expected volatility	32.2%
Expected life	6.0 years
Risk-free rates	1.5%
Grant date fair value	$9.16