DERIVATIVES AND OTHER FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair value of outstanding derivatives

(In millions)	Balance Sheet Location	September 30, 2012			December 31, 2011
Cash flow hedges:
Foreign exchange contracts	Other assets	$	0.3		$	5.2
Foreign exchange contracts	Accrued expenses	(4.0		)	(0.1		)
Net asset/(liability) of derivatives designated as hedging instruments		$	(3.7	)	$	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	(9.5		)	5.9
Derivatives qualifying as cash flow hedges reclassified to cost of products sold (effective portion)	(0.9		)	5.4
Change in deferred taxes	3.1			(3.3		)
Balance—September 30	$	(3.0	)	$	6.2

Schedule of impact on earnings from interest rate swaps

	Three Months Ended September 30,						Nine Months Ended September 30,
(In millions)	2012			2011			2012			2011
Recognized in interest expense	$	—		$	(0.4	)	$	—		$	(6.3	)
Amortization of basis adjustment for terminated interest rate swaps recognized in interest expense	(2.3		)	(2.1		)	(7.0		)	(3.1		)
Total increase (decrease) in interest expense	$	(2.3	)	$	(2.5	)	$	(7.0	)	$	(9.4	)