Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Financial Instruments

Summary of financial assets and liabilities measured at fair value on a recurring basis

Assets and liabilities measured at fair value on a recurring basis as of December 31, 2013 and 2012 were as follows (in millions):

	December 31, 2013
	Fair Value Measurements Using
	Total		Quoted Prices in Active Markets for Identical Instruments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Prepaid Expenses and Other Assets:
Gasoline swaps	$	1.8	$	—	$	1.8	$	—
Interest rate caps	9.1		—		9.1		—
Foreign currency forward contracts	1.7		—		1.7		—
Foreign exchange options	0.1		—		0.1		—
Total	$	12.7	$	—	$	12.7	$	—
Accrued Liabilities:
Interest rate caps	$	8.9	$	—	$	8.9	$	—
Foreign currency forward contracts	5.3		—		5.3		—
Total	$	14.2	$	—	$	14.2	$	—

	December 31, 2012
	Fair Value Measurements Using
	Total		Quoted Prices in Active Markets for Identical Instruments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Prepaid Expenses and Other Assets:
Interest rate caps	$	0.9	$	—	$	0.9	$	—
Foreign currency forward contracts	3.4		—		3.4		—
Foreign exchange options	0.2		—		0.2		—
Total	$	4.5	$	—	$	4.5	$	—
Accrued Liabilities:
Gasoline swaps	$	0.1	$	—	$	0.1	$	—
Interest rate caps	0.9		—		0.9		—
Foreign currency forward contracts	4.5		—		4.5		—
Total	$	5.5	$	—	$	5.5	$	—

The following table summarizes the estimated fair value of derivatives (in millions of dollars):

	Fair Value of Derivative Instruments(1)
	Asset Derivatives(2)				Liability Derivatives(2)
	December 31, 2013		December 31, 2012		December 31, 2013		December 31, 2012
Derivatives not designated as hedging
instruments under ASC 815:
Gasoline swaps	$	1.8	$	—	$	—	$	0.1
Interest rate caps	9.1		0.9		8.9		0.9
Foreign exchange forward contracts	1.7		3.4		5.3		4.5
Foreign exchange options	0.1		0.2		—		—
Total derivatives not designated as hedging
instruments under ASC 815	$	12.7	$	4.5	$	14.2	$	5.5

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(1) All fair value measurements were primarily based upon significant observable (Level 2) inputs.

(2) All asset derivatives are recorded in "Prepaid expenses and other assets" and all liability derivatives are recorded in "Accrued liabilities" on our consolidated balance sheets.

Schedule of gain (loss) on derivative instruments not designated as hedges recognized in income

The following table summarizes the gains and (losses) of derivatives (in millions of dollars):

	Location of Gain or (Loss) Recognized on Derivatives	Amount of Gain or (Loss) Recognized in Income on Derivatives
		Years Ended December 31,
		2013			2012
Derivatives not designated as hedging
instruments under ASC 815:
Gasoline swaps	Direct operating	$	2.2		$	0.7
Interest rate caps	Selling, general and administrative	(0.5		)	(0.8		)
Foreign exchange forward contracts	Selling, general and administrative	(22.6		)	(15.4		)
Foreign exchange options	Selling, general and administrative	(0.2		)	—
Total		$	(21.1	)	$	(15.5	)