Significant Accounting Policies

6 Months Ended

Jun. 30, 2011

Significant Accounting Policies [Abstract]

Significant Accounting Policies

2.   Significant Accounting Policies

Special Items — We recognize expenses resulting directly from our business combinations, employee termination benefits, certain contract terminations and asset impairment charges connected with global restructuring and transformation initiatives, and other items as “Special items” in our condensed consolidated statement of earnings. “Special items” included (in millions):

	Three Months					Six Months
	Ended					Ended
	June 30,					June 30,
	2011		2010			2011		2010
Impairment/loss on disposal of assets	$	0.4	$	7.7		$	2.9	$	8.1
Consulting and professional fees		4.9		0.9			8.4		1.9
Employee severance and retention		3.6		2.3			19.8		2.2
Information technology integration		—		—			—		0.1
Facility and employee relocation		0.6		0.5			0.9		0.5
Distributor acquisitions		0.5		—			1.1		—
Certain litigation matters		—		(0.5	)		0.1		(1.3	)
Contract terminations		1.7		0.6			2.7		2.6
Other		1.8		—			3.1		—
Special items	$	13.5	$	11.5		$	39.0	$	14.1

In the first six months of 2011 we terminated employees as part of a reduction of management layers, expansion of management spans of control, and changes in our organizational structure. Approximately 500 employees from across the globe were affected by these actions. As a result, we incurred expenses related to severance benefits, share-based compensation acceleration and other employee termination-related costs. The vast majority of these termination benefits were provided in accordance with our existing or local government policies and are considered ongoing benefits. These costs were accrued when they became probable and estimable and were recorded as part of other current liabilities. The majority of these costs have been paid or will be paid by the end of 2011.

Recent Accounting Pronouncements — There are no recently issued accounting pronouncements that we have not yet adopted that are expected to have a material effect on our financial position, results of operations or cash flows.