Fair Value Measurements and Risk (Tables)

6 Months Ended

Jun. 30, 2013

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

The following tables present the fair value hierarchy for financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2013, and December 31, 2012:



	Fair Value Measurements at June 30, 2013 Using
Items Measured at Fair Value on a Recurring Basis (In millions)	Total		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Currency derivatives	$	2.0	$	—	$	2.0	$	—
Commodity derivatives	—		—		—		—
Total Assets	$	2.0	$	—	$	2.0	$	—
Liabilities
Currency derivatives	$	1.2	$	—	$	1.2	$	—
Commodity derivatives	0.7		—		0.7		—
Total Liabilities	$	1.9	$	—	$	1.9	$	—



	Fair Value Measurements at December 31, 2012 Using
Items Measured at Fair Value on a Recurring Basis (In millions)	Total		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets
Currency derivatives	$	1.2	$	—	$	1.2	$	—
Commodity derivatives	0.2		—		0.2		—
Total Assets	$	1.4	$	—	$	1.4	$	—
Liabilities
Currency derivatives	$	5.1	$	—	$	5.1	$	—
Commodity derivatives	0.4		—		0.4		—
Total Liabilities	$	5.5	$	—	$	5.5	$	—

Schedule of the location and fair values of derivative instruments included in the Consolidated Balance Sheets

The following tables present the location and fair values of derivative instruments included in the Consolidated Balance Sheets as of June 30, 2013, and December 31, 2012:



	Asset Derivatives			Liability Derivatives
Fair Values of Derivative Instruments at June 30, 2013 (In millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments under ASC 815:
Commodity contracts	Other current assets	$	—	Other current liabilities	$	0.7
Currency contracts	Other current assets	0.8		Other current liabilities	0.4
Currency contracts	Other assets	1.2		Other liabilities	—
Derivatives not designated as hedging instruments under ASC 815:
Currency contracts	Other current assets	—		Other current liabilities	0.8
Total derivatives		$	2.0		$	1.9



	Asset Derivatives			Liability Derivatives
Fair Values of Derivative Instruments at December 31, 2012 (In millions)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments under ASC 815:
Commodity contracts	Other current assets	$	0.2	Other current liabilities	$	0.4
Currency contracts	Other current assets	1.2		Other current liabilities	0.2
Derivatives not designated as hedging instruments under ASC 815:
Currency contracts	Other current assets	—		Other current liabilities	4.9
Total derivatives		$	1.4		$	5.5

Schedule of the location and amount of gains and losses on derivative instruments included in the Consolidated Statements of Operations, or initially recognized in other comprehensive income (loss) ("OCI"), when applicable

The following tables present the location and amount of gains and losses on derivative instruments included in the Consolidated Statements of Operations or, when applicable, gains and losses initially recognized in other comprehensive income (loss) ("OCI") for the three and six months ended June 30, 2013 and 2012:



The Effect of Derivative Instruments on the Consolidated Statement of Operations for the Three Months Ended June 30, 2013 (In millions)	Amount of Gain or (Loss) Recognized in OCI on Derivatives (Effective Portion)			Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)
Derivatives in ASC 815 cash flow hedging relationships:
Currency contracts	$	1.0		Other income (expense)	$	1.0
Currency contracts	—			Cost of goods sold	(0.2		)
Commodity contracts	(1.0		)	Cost of goods sold	0.5
Total derivatives	$	—			$	1.3

				Location of Gain or (Loss) Recognized in Income on Derivatives	Amount of Gain or (Loss) Recognized in Income on Derivatives
Derivatives not designated as hedging instruments under ASC 815:
Currency contracts				Other income (expense)	$	(3.6	)



The Effect of Derivative Instruments on the Consolidated Statement of Operations for the Six Months Ended June 30, 2013 (In millions)	Amount of Gain or (Loss) Recognized in OCI on Derivatives (Effective Portion)			Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)
Derivatives in ASC 815 cash flow hedging relationships:
Currency contracts	$	0.7		Other income (expense)	$	0.8
Currency contracts	(0.2		)	Cost of goods sold	(0.1		)
Commodity contracts	(0.3		)	Cost of goods sold	0.2
Total derivatives	$	0.2			$	0.9

				Location of Gain or (Loss) Recognized in Income on Derivatives	Amount of Gain or (Loss) Recognized in Income on Derivatives
Derivatives not designated as hedging instruments under ASC 815:
Currency contracts				Other income (expense)	$	4.1



The Effect of Derivative Instruments on the Consolidated Statement of Operations for the Three Months Ended June 30, 2012 (In millions)	Amount of Gain or (Loss) Recognized in OCI on Derivatives (Effective Portion)			Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)
Derivatives in ASC 815 cash flow hedging relationships:
Currency contracts	$	(0.2	)	Cost of goods sold	$	—
Commodity contracts	0.5			Cost of goods sold	(2.2		)
Total derivatives	$	0.3			$	(2.2	)

				Location of Gain or (Loss) Recognized in Income on Derivatives	Amount of Gain or (Loss) Recognized in Income on Derivatives
Derivatives not designated as hedging instruments under ASC 815:
Currency contracts				Other income (expense)	$	16.7



The Effect of Derivative Instruments on the Consolidated Statement of Operations for the Six Months Ended June 30, 2012 (In millions)	Amount of Gain or (Loss) Recognized in OCI on Derivatives (Effective Portion)			Location of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)	Amount of Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)
Derivatives in ASC 815 cash flow hedging relationships:
Currency contracts	$	—		Cost of goods sold	$	(0.2	)
Commodity contracts	(2.3		)	Cost of goods sold	(4.4		)
Total derivatives	$	(2.3	)		$	(4.6	)

				Location of Gain or (Loss) Recognized in Income on Derivatives	Amount of Gain or (Loss) Recognized in Income on Derivatives
Derivatives not designated as hedging instruments under ASC 815:
Currency contracts				Other income (expense)	$	7.8

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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