DERIVATIVES AND OTHER FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2012

DERIVATIVES AND OTHER FINANCIAL INSTRUMENTS

Schedule of fair value of outstanding derivatives

(In millions)	Balance Sheet Location	June 30, 2012			December 31, 2011
Cash flow hedges:
Foreign exchange contracts	Other assets	$	2.2		$	5.2
Foreign exchange contracts	Accrued expenses	(1.2		)	(0.1		)
Net asset/(liability) of derivatives designated as hedging instruments		$	1.0		$	5.1

Schedule of change in accumulated other comprehensive income (loss) and the impact on earnings from foreign exchange contracts

(In millions)	2012			2011
Balance—January 1:	$	4.3		$	(1.8	)
Derivatives qualifying as cash flow hedges deferred in other comprehensive income	(4.1		)	(5.8		)
Derivatives qualifying as cash flow hedges reclassified to cost of products sold (effective portion)	(0.5		)	3.4
Change in deferred taxes	1.4			0.7
Balance—June 30:	$	1.1		$	(3.5	)

Schedule of impact on earnings from interest rate swaps

	Three Months Ended June 30,						Six Months Ended June 30,
(In millions)	2012			2011			2012			2011
Recognized in interest expense	$	—		$	(2.9	)	$	—		$	(5.9	)
Amortization of basis adjustment for terminated interest rate swaps recognized in interest expense	(2.4		)	(0.5		)	(4.7		)	(1.0		)
Total increase (decrease) in interest expense	$	(2.4	)	$	(3.4	)	$	(4.7	)	$	(6.9	)