Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2012

Derivative Instruments and Hedging Activities [Abstract]

Derivative instruments designated as fair value hedges

Derivative instruments designated as fair value hedges had the following effects on our condensed consolidated statements of earnings (in millions):

Derivative Instrument	Location on Statement of Earnings	Loss on Instrument						Gain on Hedged Item
		Three Months Ended March 31,						Three Months Ended March 31,
		2012			2011			2012		2011
Interest rate swaps	Interest expense	$	(3.2	)	$	(3.1	)	$	3.2	$	3.1

Gross unrealized losses from derivative instruments

Derivative Instrument	Amount of Gain / (Loss) Recognized in OCI					Location on Statement of Earnings	Amount of Gain / (Loss) Reclassified from OCI
	Three Months Ended March 31,						Three Months Ended March 31,
	2012		2011				2012			2011
Foreign exchange forward contracts	$	8.0	$	(58.1	)	Cost of products sold	$	(4.1	)	$	(5.2	)
Foreign exchange options		—		0.9		Cost of products sold		—			—
Cross-currency interest rate swaps		—		1.0		Interest expense		0.2			(3.0	)
	$	8.0	$	(56.2	)		$	(3.9	)	$	(8.2	)

Gains/(losses) from derivative instruments recognized in cost of products sold

The following losses from these derivative instruments were recognized on our condensed consolidated statements of earnings (in millions):

Derivative Instrument	Location on Statement of Earnings	Three Months Ended March 31,
		2012			2011
Foreign exchange forward contracts	Cost of products sold	$	(1.9	)	$	(15.0	)

Fair value of derivative instruments on gross basis

	March 31, 2012			December 31, 2011
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Asset Derivatives
Foreign exchange forward contracts	Other current assets	$	21.3	Other current assets	$	24.9
Foreign exchange options	Other current assets		1.5	Other current assets		1.4
Foreign exchange forward contracts	Other assets		15.5	Other assets		14.5
Foreign exchange options	Other assets		0.4	Other assets		1.0
Interest rate swaps	Other assets		24.6	Other assets		27.8
Total asset derivatives		$	63.3		$	69.6
Liability Derivatives
Foreign exchange forward contracts	Other current liabilities	$	26.1	Other current liabilities	$	35.6
Cross-currency interest rate swaps	Other current liabilities		—	Other current liabilities		8.2
Foreign exchange forward contracts	Other long-term liabilities		6.2	Other long-term liabilities		13.1
Total liability derivatives		$	32.3		$	56.9