Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2013

Derivative Instruments And Hedging Activities Disclosure [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):

			Gain / (Loss) on Instrument										Gain / (Loss) on Hedged Item
			Three Months Ended					Six Months Ended					Three Months Ended					Six Months Ended
	Location on		June 30,					June 30,					June 30,					June 30,
Derivative Instrument	Statement of Earnings		2013			2012		2013			2012		2013		2012			2013		2012
Interest rate swaps		Interest expense	$	(10.8	)	$	8.3	$	(14.1	)	$	5.1	$	10.8	$	(8.3	)	$	14.1	$	(5.1	)

Gross Unrealized Losses from Derivative Instruments

Derivative instruments designated as cash flow hedges had the following effects, before taxes, on OCI and net earnings on our condensed consolidated statements of earnings, condensed consolidated statements of comprehensive income and condensed consolidated balance sheets (in millions):

	Amount of Gain / (Loss)												Amount of Gain / (Loss)
	Recognized in OCI												Reclassified from OCI
	Three Months Ended					Six Months Ended							Three Months Ended						Six Months Ended
	June 30,					June 30,						Location on	June 30,						June 30,
Derivative Instrument	2013		2012			2013			2012			Statement of Earnings	2013			2012			2013			2012
Foreign exchange forward contracts	$	22.7	$	23.8		$	68.0		$	31.8		Cost of products sold	$	3.7		$	(3.7	)	$	(1.7	)	$	(7.8	)
Foreign exchange options		0.2		(1.1	)		(0.3	)		(1.1	)	Cost of products sold		(0.1	)		(0.1	)		(0.2	)		(0.1	)
Cross-currency interest rate swaps		—		—			—			—		Interest expense		—			—			—			0.2
	$	22.9	$	22.7		$	67.7		$	30.7			$	3.6		$	(3.8	)	$	(1.9	)	$	(7.7	)

Gains/(Losses) from Derivative Instruments Recognized in Cost of Products Sold

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

			Three Months Ended					Six Months Ended
	Location on		June 30,					June 30,
Derivative Instrument	Statement of Earnings		2013			2012		2013		2012
Foreign exchange forward contracts		Cost of products sold	$	(0.3	)	$	10.5	$	7.6	$	8.6

Fair Value of Derivative Instruments on a Gross Basis

The fair value of derivative instruments on a gross basis is as follows (in millions):

	June 30, 2013			December 31, 2012
	Balance			Balance
	Sheet	Fair		Sheet	Fair
	Location	Value		Location	Value
Asset Derivatives
Foreign exchange forward contracts	Other current assets	$	55.2	Other current assets	$	29.7
Foreign exchange options	Other current assets		—	Other current assets		0.6
Foreign exchange forward contracts	Other assets		31.9	Other assets		19.8
Interest rate swaps	Other assets		19.8	Other assets		33.9
Total asset derivatives		$	106.9		$	84.0
Liability Derivatives
Foreign exchange forward contracts	Other current liabilities	$	9.6	Other current liabilities	$	20.2
Foreign exchange forward contracts	Other long-term liabilities		5.5	Other long-term liabilities		12.3
Total liability derivatives		$	15.1		$	32.5

Schedule of Effects of Master Netting Agreements on Condensed Consolidated Balance Sheets

The table below presents the effects of our master netting agreements on our condensed consolidated balance sheets (in millions):

		As of June 30, 2013						As of December 31, 2012
						Net Amount						Net Amount
		Gross				in Balance		Gross				in Balance
Description	Location	Amount		Offset		Sheet		Amount		Offset		Sheet
Asset Derivatives
Cash flow hedges	Other current assets	$	55.2	$	7.6	$	47.6	$	30.3	$	15.2	$	15.1
Cash flow hedges	Other assets		31.9		5.3		26.6		19.8		6.5		13.3
Liability Derivatives
Cash flow hedges	Other current liabilities		9.6		7.6		2.0		20.2		15.2		5.0
Cash flow hedges	Other long-term liabilities		5.5		5.3		0.2		12.3		6.5		5.8