Government Grants

12 Months Ended

Dec. 31, 2012

Government Grants [Abstract]

Government Grants [Text Block]

11. Government Grants

We received grants in the form of government funding for a portion of the site construction and other specific capital asset cost at our Kinston, North Carolina and Subang, Malaysia sites. Deferred grant income is being amortized as a reduction to production cost. This amortization is based on specific terms associated with the different grants. In North Carolina, the deferred grant income related to the capital investment criteria, which represents half of the grant, is being amortized over the lives of the assets purchased to satisfy the capital investment performance criteria. The other half of the deferred grant income is being amortized over a ten-year period in a manner consistent with the job performance criteria. In Malaysia, the deferred grant income is being amortized based on the lives of the eligible assets constructed with the grant funds as there are no performance criteria. The value recorded within property, plant and equipment prior to amortization, including foreign exchange rate changes,related to the use of grant funds in North CarolinaandMalaysiawas $148.7 and $143.6 as of December 31, 2012 and December 31, 2011, respectively.

Deferred grant income liability consists of the following:

		2012		2011
Balance, January 1		$	127.9	$	133.5
Grant income recognized			(6.1)		(5.4)
Exchange rate			1.7		(0.2)
	Total deferred grant income liability, December 31	$	123.5	$	127.9

The asset related to the deferred grant income consists of the following:

		2012		2011
Beginning Balance, January 1		$	128.3	$	133.4
Depreciation			(5.1)		(5.1)
Exchange rate			1.7		0.0
	Total asset value related to deferred grant income, December 31	$	124.9	$	128.3