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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2011
Fair Value of Financial Instruments  
Financial assets and liabilities accounted for at fair value on a recurring basis by level within the fair value hierarchy

 

 

 

 

Fair Value as of June 30, 2011

 

(in millions)

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

 

 

 

 

 

 

 

 

Current Assets:

 

 

 

 

 

 

 

 

 

Foreign currency exchange contracts

 

$

4.7

 

$

 

$

 

$

4.7

 

Forward commodity contracts

 

 

0.7

 

 

0.7

 

Marketable securities

 

2.7

 

 

 

2.7

 

Total current assets at fair value

 

$

7.4

 

$

0.7

 

$

 

$

8.1

 

 

 

 

 

 

 

 

 

 

 

Current Liabilities:

 

 

 

 

 

 

 

 

 

Foreign currency exchange contracts

 

$

2.7

 

$

 

$

 

$

2.7

 

Forward commodity contracts

 

 

0.4

 

 

0.4

 

Total current liabilities at fair value

 

$

2.7

 

$

0.4

 

$

 

$

3.1

 

 

 

 

 

 

 

 

 

 

 

Non-current Liabilities:

 

 

 

 

 

 

 

 

 

Interest rate swap contracts

 

$

 

$

24.4

 

$

 

$

24.4

 

Total non-current liabilities at fair value

 

$

 

$

24.4

 

$

 

$

24.4

 

 

 

 

Fair Value as of December 31, 2010

 

(in millions)

 

Level 1

 

Level 2

 

Level 3

 

Total

 

 

 

 

 

 

 

 

 

 

 

Current Assets:

 

 

 

 

 

 

 

 

 

Foreign currency exchange contracts

 

$

2.3

 

$

 

$

 

$

2.3

 

Forward commodity contracts

 

 

1.1

 

 

1.1

 

Marketable securities

 

2.7

 

 

 

2.7

 

Total current assets at fair value

 

$

5.0

 

$

1.1

 

$

 

$

6.1

 

 

 

 

 

 

 

 

 

 

 

Current Liabilities:

 

 

 

 

 

 

 

 

 

Foreign currency exchange contracts

 

$

0.6

 

$

 

$

 

$

0.6

 

Forward commodity contracts

 

 

0.3

 

 

0.3

 

Total current liabilities at fair value

 

$

0.6

 

$

0.3

 

$

 

$

0.9

 

 

 

 

 

 

 

 

 

 

 

Non-current Liabilities:

 

 

 

 

 

 

 

 

 

Interest rate swap contracts

 

$

 

$

38.4

 

$

 

$

38.4

 

Total non-current liabilities at fair value

 

$

 

$

38.4

 

$

 

$

38.4