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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
9 Months Ended
Sep. 30, 2012
Derivative Instruments and Hedging Activities [Abstract]  
Fair value of derivative instruments in the Balance Sheet
The following table sets forth the fair values of our derivative instruments and where they are recorded within our condensed consolidated balance sheet:

     
Fair Value as of
 
Liability Derivatives
Balance Sheet Location
 
September 30, 2012
  
December 31, 2011
 
Derivatives designated as hedging instruments:
        
          
Interest rate swaps
Other long-term liabilities
 $(8.9) $(9.0)

Summary of Cash Flow Hedges
Cash flow hedges

   
Amount of Gain or (Loss) Recognized in Other Comprehensive Income on Derivatives (Effective Portion)
 
Derivatives in Cash Flow Hedging Relationships
 
Nine Months Ended September 30,
  
Three Months Ended September 30,
 
   
2012
  
2011
  
2012
  
2011
 
Interest rate swaps, net of tax
 $-  $(1.6) $-  $(1.3)

Changes in fair value of foreign exchange contracts
We have not designated our foreign currency derivative contracts for hedge accounting treatment and therefore, changes in fair value of these contracts are recorded in earnings as follows:

     
Amount of Gain or (Loss) Recognized in Income on Derivatives
 
     
Nine Months Ended September 30,
  
Three Months Ended September 30,
 
Derivatives Not Designated as Hedging Instruments
Location of Gain or (Loss) Recognized in Income on Derivatives
 
2012
  
2011
  
2012
  
2011
 
Foreign currency exchange contracts
Other, net
 $-  $(0.8) $(0.3) $0.5