XML 63 R27.htm IDEA: XBRL DOCUMENT v2.4.0.6
Derivative Instruments and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 2012
Derivative Instruments and Hedging Activities [Abstract]  
Derivative instruments designated as fair value hedges
                                                                         
          Gain on Instrument     Loss on Hedged Item  
    Location on
Statement of Earnings
    Three Months
Ended
June 30,
    Six Months
Ended
June 30,
    Three Months
Ended
June 30,
    Six Months
Ended
June 30,
 

Derivative Instrument

        2012             2011             2012             2011             2012             2011             2012             2011      

Interest rate swaps

    Interest expense     $ 8.3     $ 7.1     $ 5.1     $ 4.0     $ (8.3   $ (7.1   $ (5.1   $ (4.0
Gross unrealized losses from derivative instruments
                                                                     
    Amount of
Gain / (Loss)
Recognized in OCI
   

Location on
Statement of Earnings

  Amount of
Gain / (Loss)
Reclassified from OCI
 
    Three Months
Ended
June 30,
    Six Months
Ended
June 30,
      Three Months
Ended
June 30,
    Six Months
Ended

June 30,
 

Derivative Instrument

  2012     2011     2012     2011       2012     2011     2012     2011  

Foreign exchange forward contracts

  $ 23.8     $ (16.0   $ 31.8     $ (74.1   Cost of products sold   $ (3.7   $ (12.2   $ (7.8   $ (17.4

Foreign exchange options

    (1.1     2.8       (1.1     3.7     Cost of products sold     (0.1           (0.1      

Cross-currency interest rate swaps

          (0.8           0.2     Interest expense           (0.5     0.2       (3.5
   

 

 

   

 

 

   

 

 

   

 

 

       

 

 

   

 

 

   

 

 

   

 

 

 
    $ 22.7     $ (14.0   $ 30.7     $ (70.2       $ (3.8   $ (12.7   $ (7.7   $ (20.9
   

 

 

   

 

 

   

 

 

   

 

 

       

 

 

   

 

 

   

 

 

   

 

 

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

Location on
Statement of Earnings

  Three Months Ended
June 30,
    Six Months Ended
June 30,
 

Derivative Instrument

        2012             2011             2012             2011      

Foreign exchange forward contracts

  Cost of products sold   $ 10.5     $ 1.3     $ 8.6     $ (13.7
Fair value of derivative instruments on gross basis
                         
   

June 30, 2012

   

December 31, 2011

 
   

Balance

Sheet

Location

  Fair
Value
   

Balance

Sheet

Location

  Fair
Value
 

Asset Derivatives

                       

Foreign exchange forward contracts

  Other current assets   $ 37.3     Other current assets   $ 24.9  

Foreign exchange options

  Other current assets     0.9     Other current assets     1.4  

Foreign exchange forward contracts

  Other assets     23.3     Other assets     14.5  

Foreign exchange options

  Other assets         Other assets     1.0  

Interest rate swaps

  Other assets     32.9     Other assets     27.8  
       

 

 

       

 

 

 

Total asset derivatives

      $ 94.4         $ 69.6  
       

 

 

       

 

 

 

Liability Derivatives

                       

Foreign exchange forward contracts

  Other current liabilities   $ 22.9     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     8.1     Other long-term liabilities     13.1  
       

 

 

       

 

 

 

Total liability derivatives

      $ 31.0         $ 56.9