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DERIVATIVES AND OTHER FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of fair value of outstanding derivatives
 
 
 
December 31,
(In millions)
Balance Sheet Location
 
2012
 
2011
Cash flow hedges:
 
 
 

 
 

Foreign exchange contracts
Other assets
 
$
—

 
$
5.2

Foreign exchange contracts
Accrued expenses
 
(5.1
)
 
(0.1
)
Net asset/(liability) of derivatives designated as hedging instruments
 
 
$
(5.1
)
 
$
5.1
Schedule Of Outstanding Foreign Exchange Forward Contracts
(Dollars in millions)
 
Weighted-average
Forward Rate
 
Notional
Amount
 
Fair Value
Liability
 
Maturity
Foreign exchange contracts:
 
 
 
 
 
 
 
 
Cash flow hedges:
 
 
 
 
 
 
 
 
Canadian dollar
 
0.99
 
$
9.9

 
$
—

 
2013
Mexican peso
 
13.37
 
106.6

 
(2.7
)
 
2013
Malaysian ringgit
 
3.13
 
49.2

 
(0.9
)
 
2013
Philippine peso
 
42.28
 
41.5

 
(1.5
)
 
2013
Total foreign exchange contracts
 
 
 
$
207.2

 
$
(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
(12.7
)
 
5.8

Derivatives qualifying as cash flow hedges reclassified to cost of products sold (effective portion)
0.8

 
2.9

Change in deferred taxes
3.5

 
(2.6
)
Balance—December 31
$
(4.1
)
 
$
4.3
Schedule of impact on earnings from interest rate swaps

(Gain) Loss on Marked
to Market Swaps
 
(Gain) Loss on Marked
to Market of
Hedged Items
(In millions) 
2012
 
2011
 
2010
 
2012
 
2011
 
2010
Interest expense—net
$
—

 
$
(4.2
)
 
$
(20.1
)
 
$
—

 
$
4.2

 
$
20.1

        The impact on earnings from interest rate swaps that qualified as fair value hedges was as follows:
(In millions) 
2012
 
2011
 
2010
Recognized in interest expense
$
—

 
$
(6.3
)
 
$
(17.1
)
Amortization of basis adjustment for terminated interest rate swaps recognized in interest expense
(9.3
)
 
(5.5
)
 
(0.3
)
Total
$
(9.3
)
 
$
(11.8
)
 
$
(17.4
)
        See Note 15 for discussion on the Company’s long-term debt.