DERIVATIVE FINANCIAL INSTRUMENTS AND CERTAIN HEDGING ACTIVITIES (Tables)

12 Months Ended

Dec. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Net Notional Amounts of Forward Contracts Outstanding

At December 31, 2013 and 2012, the currency and net notional amounts of forward contracts outstanding translated into USD equivalent amounts were as follows:

December 31, 2013	Buy
Sell	U.S. Dollar		Euro		Chilean Peso		Mexican Peso		Pound Sterling		Norwegian Krone		Malaysian Ringgit		Thai Baht		Japanese Yen		Colombian Peso
U.S. Dollar	—		$	100.8	$	18.2	$	17.0	$	4.0	$	2.8	$	2.7	$	1.5	$	1.4	$	1.4
Pound Sterling	—		$	68.1	—		—		—		—		—		—		—		—
Chinese Yuan	$	17.1	—		—		—		—		—		—		—		—		—
Canadian Dollar	$	9.0	—		—		—		—		—		—		—		—		—
Brazilian Real	$	6.6	—		—		—		—		—		—		—		—		—
Australian Dollar	$	4.0	—		—		—		—		—		—		—		—		—
Thai Baht	—		$	6.4	—		—		—		—		—		—		—		—
Japanese Yen	—		$	1.6	—		—		—		—		—		—		—		—

December 31, 2012	Buy
Sell	U.S. Dollar		Euro		Canadian Dollar		Australian Dollar		Thai Baht		Chilean Peso		Mexican Peso		Malaysian Ringgit		Colombian Peso		Pound Sterling		Norwegian Krone
U.S. Dollar	—		$	73.3	$	66.9	—		$	8.7	$	20.2	$	17.3	$	3.0	$	1.0	$	0.1	—
Euro	—		—		—		—		—		—		—		—		—		—		$	1.6
Pound Sterling	—		$	152.9	—		$	46.6	$	15.5	—		—		—		—		—		—
Chinese Yuan	$	20.3	—		—		—		—		—		—		—		—		—		—
Brazilian Real	$	3.5	—		—		—		—		—		—		—		—		—		—
Japanese Yen	$	0.3	$	7.7	—		—		—		—		—		—		—		—		—

Impact of Derivative Instruments on Consolidated Balance Sheets

The following tables summarize the impact of derivative instruments on our consolidated balance sheets and consolidated statements of income:

Asset Derivatives

Liability Derivatives

Derivatives not designated as hedging instruments:

December 31, 2013

December 31, 2012

December 31, 2013

December 31, 2012

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

Foreign currency forwards

Other current assets

$

2.3

Other current assets

$

3.2

Accrued expenses

$

0.9

Accrued expenses

$

1.5

Summary of Derivative Hedges Gains (Losses) Recognized in Statement of Income

The following tables summarize the amounts and locations of our hedging derivatives’ gains or (losses) recognized for the years ended December 31, 2013 and 2012:

	Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion)				Location of Gain or (Loss) Recognized from Accumulated OCI into Income (Effective Portion)	Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)				Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Derivatives in net investment hedging relationships:	Year ended December 31,					Year ended December 31,					Year ended December 31,
	2013		2012			2013		2012			2013		2012
Cross currency swaps	$	—	$	7.8		$	—	$	—		$	—	$	—

Amount and Location of Gains (Losses) for Derivatives not Designated as Hedges

The following table summarizes the amount and location of gains or (losses) recognized in income for our derivatives not designated as hedges for the years ended December 31, 2013 and 2012:

	Location of Gain or (Loss) Recognized in Income on Derivative	Amount of Gain or (Loss) Recognized in Income on Derivative
Derivatives not designated as hedging instruments:		Year ended December 31,
		2013		2012
Foreign currency forwards	Other (expense) income, net	$	9.3	$	0.2

Derivative Instruments Measured at Fair Value

A summary of the fair value measurements for each major category of derivatives at December 31, 2013 is outlined in the table below:

Description	Significant Other Observable Inputs (Level 2)
Currency forwards	$	1.4