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Derivative Instruments (Tables)
6 Months Ended
Jun. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair values for derivatives
The fair values, balance sheet presentation, and the hedge designation status of derivative instruments at June 30, 2013 and December 31, 2012 are presented in the table below: 
 
 
 
 
Fair Value (Level 2) as of
(in millions)
 
Balance Sheet Location
 
June 30, 2013
 
December 31, 2012
Asset Derivatives
 
 
 
 

 
 

Interest rate swaps — designated as hedge
 
Deferred charges and other assets
 
$

 
$
17.0

Liability Derivatives
 
 
 
 
 
 
Interest rate swaps — designated as hedge
 
Other liabilities and deferred credits
 
11.2

 

Income statement impact of derivative instruments not designated as hedging instruments
The income statement impact of derivatives are presented in the table below:
 
 
 
 
Amount of Gain (Loss) Recognized in Income on Derivatives
 
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(in millions)
 
Location of Gain (Loss) Recognized in Income on Derivatives
 
2013
 
2012
 
2013
 
2012
Designated as hedges
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
Interest expense
 
$
2.0

 
$
1.6

 
$
4.0

 
$
3.3

Not designated as hedges
 
 
 
 
 
 
 
 
 
 
Forward exchange contracts
 
Other operating (income) expense, net
 
0.1

 
0.4

 
0.2

 
0.9

Total
 
 
 
$
2.1

 
$
2.0

 
$
4.2

 
$
4.2