Derivative and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2012

Derivative And Hedging Activities Tables [Abstract]

				Effective	Fair Value,
Notional Amount	Expires	Variable Rate	Fixed Rate ⁽¹⁾	Fixed Rate⁽²⁾	December 31, 2012
$50	March 2013	1 Month LIBOR	0.72%	N/A	$	(0.1)
$50	June 2013	1 Month LIBOR	0.84%	N/A	$	(0.1)
$225	July 2014	1 Month LIBOR	1.37%	N/A	$	(3.8)
				Total	$	(4.0)

________

(1) The fixed rate represents the rate at which interest is paid by the Company pursuant to the terms of its interest rate swap agreements.

(2) As of December 31, 2012 the interest rate swaps are no longer effective and therefore the effective fixed rate is not applicable.

Fair value of outstanding derivatives

				Fair Values of Derivative Instruments
			Other Asset Derivatives				Other Liability Derivatives
			December 31, 2012		December 31, 2011		December 31, 2012		December 31, 2011
Derivatives designated as hedging instruments
	Interest rate swaps
		Current	$	-	$	-	$	2.8	$	2.4
		Non-current		-		-		1.2		2.4
	Foreign currency hedge contracts
		Current		-		-		-		0.2
		Non-current		-		-		-		-
Total derivatives designated as hedging
instruments				-		-		4.0		5.0
Derivatives not designated as hedging instruments
	Foreign currency hedge contracts
		Current		-		0.6		-		0.7
		Non-current		-		0.6		-		0.7
Total derivatives not designated as hedging
instruments				-		1.2		-		1.4
Total derivatives			$	-	$	1.2	$	4.0	$	6.4

Effect of derivative instrument on statement of other comprehensive income

The impact on other comprehensive income (“OCI”) and earnings from cash flow hedges for the for the twelve months ended December 31, 2012 and December 31, 2011 was as follows:

	Derivatives in Cash Flow Hedging Relationships	Amount of Gain or (Loss) Recognized in OCI, net of tax, on Derivative (Effective Portion)				Location of (Gain) or Loss Reclassified from Accumulated OCI into Income (Effective Portion)	Amount of Loss Reclassified from Accumulated OCI into Income (Effective Portion)					Location of (Gain) or Loss Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)	Amount of Loss Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
		For the Twelve Months Ended					For the Twelve Months Ended						For the Twelve Months Ended
		December 31, 2012		December 31, 2011				December 31, 2012		December 31, 2011				December 31, 2012		December 31, 2011
		December 31, 2012		December 31, 2011				December 31, 2012		December 31, 2011				December 31, 2012		December 31, 2011
Interest rate						Interest						Other (income)/
swaps		$	-	$	(4.2)	expense		$	6.1	$	8.4	expense		$	-	$	-
Foreign currency						Sales/						Other
hedge contracts			-		0.5	Revenue			-		0.3	(income)/expense			-		-
Total		$	-	$	(3.7)			$	6.1	$	8.7			$	-	$	-

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References+ Details

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References+ Details