Financial Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2011

Fair Values of Derivative Instruments Included on the Consolidated Balance Sheet

The following table presents the fair values of derivative instruments included on the Consolidated balance sheet:

	Derivative Assets					Derivative Liabilities
In millions	Balance Sheet Classification	June 30, 2011		December 31, 2010		Balance Sheet Classification	June 30, 2011			December 31, 2010
Derivatives designated as hedging instruments
Foreign currency	Prepaid expenses and other current assets	$	2.5	$	7.5	Accrued payroll and other liabilities	$	(2.6	)	$	(4.6	)
Interest rate	Prepaid expenses and other current assets		3.0		0.5
Foreign currency	Miscellaneous other assets		0.3
Interest rate	Miscellaneous other assets		56.5		72.1	Other long-term liabilities		(1.0	)		(0.3	)
Total derivatives designated as hedging instruments		$	62.3	$	80.1		$	(3.6	)	$	(4.9	)
Derivatives not designated as hedging instruments
Foreign currency	Prepaid expenses and other current assets	$	16.0	$	6.0	Accrued payroll and other liabilities	$	(12.2	)	$	(3.8	)
Equity	Prepaid expenses and other current assets		127.3		104.4
Foreign currency	Miscellaneous other assets		2.7		2.7
Total derivatives not designated as hedging instruments		$	146.0	$	113.1		$	(12.2	)	$	(3.8	)
Total derivatives1		$	208.3	$	193.2		$	(15.8	)	$	(8.7	)

⁽¹⁾ The fair value of derivatives is presented on a gross basis. Accordingly, the 2010 total asset and liability fair values do not agree with the values provided in the Fair Value Measurements note because that disclosure reflects netting adjustments related to specific counterparties of $0.3 million.

Derivatives Pretax Amounts Affecting Income and Other Comprehensive Income

The following table presents the pretax amounts affecting income and OCI for the six months ended June 30, 2011 and 2010, respectively:

In millions
Derivatives in Fair Value Hedging Relationships	(Gain) Loss Recognized in Income on Derivative					Hedged Items in Fair Value Hedging Relationships					(Gain) Loss Recognized in Income on Related Hedged Items
	2011		2010								2011			2010
Interest rate	$	13.8	$	(15.1	)		Fixed-rate debt				$	(13.8	)	$	15.1
Derivatives in Cash flow Hedging Relationships	(Gain) Loss Recognized in Accumulated OCI on Derivative (Effective Portion)					(Gain) Loss Reclassified from Accumulated OCI into Income (Effective Portion)					(Gain) Loss Recognized in Income on Derivative (Amount Excluded from Effectiveness Testing and Ineffective Portion)
		2011		2010			2011		2010			2011			2010
Foreign currency	$	5.4	$	(40.7	)		$                0.2		$                (6.4	)	$	6.8		$	15.4
Interest rate(1)							(1.1	)	(0.3	)					0.4
Total	$	5.4	$	(40.7	)		$                (0.9	)	$                 (6.7	)	$	6.8		$	15.8

Net Investment                 Hedging Relationships	(Gain) Loss Recognized in Accumulated OCI on Derivative (Effective portion)					(Gain) Loss Reclassified  from Accumulated OCI into Income (Effective Portion)				Derivatives Not Designated as Hedging Instruments	(Gain) Loss Recognized in Income on Derivative
	2011		2010			2011		2010			2011			2010
Foreign currency denominated debt	$	266.5	$	(225.7	)					Foreign currency	$	(0.1	)	$	(14.3	)
Foreign currency derivatives(2)		9.4		4.3		$	8.2			Equity(3)		(11.6	)		(5.5	)
Total	$	275.9	$	(221.4	)	$	8.2	$	-	Total	$	(11.7	)	$	(19.8	)

(Gains) losses recognized in income on derivatives are recorded in nonoperating (income) expense unless otherwise noted.

⁽¹⁾ The amount of (gain) loss reclassified from accumulated OCI into income is recorded in Interest expense.

⁽²⁾  The amount of (gain) loss reclassified from accumulated OCI into income is recorded in Impairment and other charges (credits), net.

⁽³⁾ The amount of (gain) loss recognized in income on the derivatives used to hedge the supplemental benefit plan liabilities is recorded in Selling, general & administrative expenses.