INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Income before Income Tax, Domestic and Foreign

The sources of income before taxes, classified between domestic and foreign entities are as follows:



Pre-tax income	2013		2012		2011
Domestic	$	844.2	$	909.0	$	834.0
Foreign	71.4		35.2		32.1
Total pre-tax income	$	915.6	$	944.2	$	866.1

Provision for Income Tax Expense (Benefit)

The provisions for income taxes in the accompanying consolidated statements of operations consist of the following:



	Years Ended December 31,
	2013			2012			2011
Current:
Federal	$	231.6		$	254.1		$	269.7
State	29.9			35.1			54.3
Foreign	22.5			16.9			6.8
	$	284.0		$	306.1		$	330.8
Deferred:
Federal	$	55.2		$	58.3		$	5.0
State	6.1			0.4			(4.4		)
Foreign	(5.1		)	(5.4		)	1.6
	56.2			53.3			2.2
	$	340.2		$	359.4		$	333.0

Schedule of Effective Income Tax Rate Reconciliation

The effective tax rates on earnings before income taxes are reconciled to statutory federal income tax rates as follows:



	Years Ended December 31,
	2013		2012		2011
Statutory federal rate	35.0	%	35.0	%	35.0	%
State and local income taxes, net of federal income tax effect	2.6		2.4		3.7
Other	(0.4	)	0.7		(0.3	)
Effective rate	37.2	%	38.1	%	38.4	%

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are as follows:



	December 31, 2013			December 31, 2012
Deferred tax assets:
Accounts receivable	$	20.2		$	25.0
Employee compensation and benefits	83.4			114.4
Self insurance reserves	17.8			17.0
Postretirement benefit obligation	23.2			23.3
Acquisition and restructuring reserves	20.6			18.5
Tax loss carryforwards	58.0			66.3
Other	3.8			2.1
	227.0			266.6
Less: valuation allowance	(16.5		)	(18.4		)
Net deferred tax assets	$	210.5		$	248.2

Deferred tax liabilities:
Deferred earnings	$	(15.1	)	$	(17.9	)
Intangible assets	(463.4		)	(434.1		)
Property, plant and equipment	(86.4		)	(73.8		)
Zero-coupon subordinated notes	(106.7		)	(110.5		)
Currency translation adjustment	(77.9		)	(101.0		)
Total gross deferred tax liabilities	(749.5		)	(737.3		)
Net deferred tax liabilities	$	(539.0	)	$	(489.1	)

Reconciliation of Unrecognized Tax Benefits from Uncertain Tax Positions

The following table shows a reconciliation of the unrecognized income tax benefits from uncertain tax positions for the years ended December 31, 2013, 2012 and 2011:



	2013			2012			2011
Balance as of January 1	$	36.4		$	52.7		$	53.6
Increase in reserve for tax positions taken in the current year	1.9			0.4			8.6
Increase (decrease) in reserve for tax positions taken in a prior period	—			(8.0		)	—
Decrease in reserve as a result of settlements reached with tax authorities	(4.4		)	(0.1		)	(0.2		)
Decrease in reserve as a result of lapses in the statute of limitations	(8.3		)	(8.6		)	(9.3		)
Balance as of December 31	$	25.6		$	36.4		$	52.7