FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2012

Fair Value Measurements - Schedule of Fair Values of Financial Assets and Liabilities

As of December 31, 2012, the fair values of the Company’s financial assets and liabilities, namely its FX Contracts are categorized in the table below:

	Total		Level 1		Level 2		Level 3
Assets
Derivatives:
FX Contracts(a)	$	0.1	$	0	$	0.1	$	0
Total assets at fair value	$	0.1	$	0	$	0.1	$	0
Liabilities
Derivatives:
FX Contracts(a)	$	0.4	$	0	$	0.4	$	0
Total liabilities at fair value	$	0.4	$	0	$	0.4	$	0

As of December 31, 2011, the fair values of the Company’s financial assets and liabilities, namely its FX Contracts and the Change of Control Amount (as hereinafter defined) associated with the Preferred Stock, are categorized in the table below:

	Total		Level 1		Level 2		Level 3
Assets
Derivatives:
FX Contracts(a)	$	0.2	$	—	$	0.2	$	—
Total assets at fair value	$	0.2	$	—	$	0.2	$	—
Liabilities
Derivatives:
FX Contracts(a)	$	0.8	$	—	$	0.8	$	—
Redeemable Preferred Stock (Change of Control Amount)(b)		0.2		—		—		0.2
Total liabilities at fair value	$	1.0	$	—	$	0.8	$	0.2

^(a)  The fair value of the Company’s FX Contracts was measured based on observable market transactions of spot and forward rates at December 31, 2012 and 2011. (See Note 12, “Financial Instruments.”)

^(b)  Holders of the Preferred Stock were entitled to receive upon a change of control transaction (as defined in the certificate of designation of the Preferred Stock) through October 8, 2012, a pro rata portion of the equity value received in such transaction, capped at an amount that would provide aggregate cash payments of $12.00 per share over the term of the Preferred Stock (the calculation of such payments being the “Change of Control Amount”). As of December 31, 2011, the fair value of the Change of Control Amount of the Preferred Stock, which was deemed to be a Level 3 liability was based on the Company’s assessment of the likelihood of the occurrence of specified change of control transactions within three years of the consummation of the 2009 Exchange Offer. As of October 8, 2012, holders of the Preferred Stock are no longer entitled to receive the Change of Control Amount as three years have passed without the occurrence of a change of control transaction. Accordingly, the Company reversed the liability for the Change of Control Amount of $0.2 million, which was included as income in miscellaneous, net in the Company’s Consolidated Statements of Income and Comprehensive Income for the year ended December 31, 2012 (see Note 10, “Long-Term Debt and Redeemable Preferred Stock”).

Fair Value Measurements - Schedule of Fair Values of Financial Liabilities

As of December 31, 2012, the fair values and carrying values of the Company’s long-term debt, including the current portion of long-term debt, and Preferred Stock, are categorized in the table below:

	Fair Value								Carrying Value
	Level 1		Level 2		Level 3		Total
Liabilities:
Long-term debt, including current portion	$	—	$	1,196.7	$	—	$	1,196.7	$	1,167.3
Preferred Stock ..		—		49.2		—		49.2		48.4
	$	—	$	1,245.9	$	—	$	1,245.9	$	1,215.7