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Fair Value Measurements (Tables)
6 Months Ended
Jun. 29, 2012
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]  
Financial Assets And Liabilities Carried At Fair Value
A summary of financial assets and liabilities that are measured at fair value on a recurring basis as of June 29, 2012 and December 31, 2011 were as follows ($ in millions):
 
 
Quoted Prices
in Active
Market
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total
June 29, 2012:
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Available-for-sale securities
$
365.7

 

 

 
$
365.7

Liabilities:
 
 
 
 
 
 
 
Deferred compensation plans

 
$
61.4

 

 
61.4

Currency swap agreement

 
41.8

 

 
41.8

December 31, 2011:
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Available-for-sale securities
287.0

 

 

 
287.0

Liabilities:
 
 
 
 
 
 
 
Deferred compensation plans

 
58.2

 

 
58.2

Currency swap agreement

 
53.9

 

 
53.9

Carrying Amounts And Fair Values Of Financial Instruments
The fair values and carrying amounts of financial instruments as of June 29, 2012 and December 31, 2011 were as follows ($ in millions):
 
 
June 29, 2012
 
December 31, 2011
 
Carrying
Amount
 
Fair Value
(1)
 
Carrying
Amount
 
Fair Value
Assets:
 
 
 
 
 
 
 
Available-for-sale securities
$
365.7

 
$
365.7

 
$
287.0

 
$
287.0

Liabilities:
 
 
 
 
 
 
 
Short-term borrowings
55.4

 
55.4

 
98.4

 
98.4

Long-term borrowings
4,847.6

 
5,478.5

 
5,206.8

 
5,790.1

Currency swap agreement
41.8

 
41.8

 
53.9

 
53.9

 
(1)
Effective January 1, 2012, the Company is required to disclose, on a prospective basis, the level within the fair value hierarchy at which the fair values of the financial instruments are categorized. As of June 29, 2012, available-for-sale securities and short and long-term borrowings were categorized as level 1, while the currency swap agreement was categorized as level 2.