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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table summarizes the fair value of our derivative financial instruments as of June 30, 2013 and December 31, 2012, respectively: 
 
Fair Value of Derivative Instruments
 
Derivative Assets
 
Derivative Liabilities
(in millions of dollars)
Balance  Sheet
Location
 
Jun 30,
2013
 
Dec 31, 2012
 
Balance Sheet
Location
 
Jun 30,
2013
 
Dec 31, 2012
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
Other current assets
 
$
3.3

 
$
0.7

 
Other current liabilities
 
$
0.1

 
$
0.6

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
Other current assets
 
0.3

 
0.5

 
Other current liabilities
 
0.1

 
0.2

Total derivatives
 
 
$
3.6

 
$
1.2

 
 
 
$
0.2

 
$
0.8

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The following tables summarize the pre-tax effect of our derivative financial instruments on the condensed consolidated financial statements for the three and six months ended June 30, 2013 and 2012, respectively:
 
 
The Effect of Derivative Instruments in Cash Flow Hedging Relationships on the Condensed Consolidated Financial Statements
 
 
Amount of Gain (Loss) Recognized in OCI (Effective Portion)
 
Location of (Gain) Loss Reclassified from OCI to Income
 
Amount of (Gain) Loss
Reclassified from AOCI to Income (Effective Portion)
 
 
Three Months Ended June 30,
 
 
 
Three Months Ended June 30,
(in millions of dollars)
 
2013
 
2012
 
 
 
2013
 
2012
Cash flow hedges:
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
$
2.8

 
$
2.0

 
Cost of products sold
 
$
(1.2
)
 
$
(0.7
)
 
 
The Effect of Derivative Instruments in Cash Flow Hedging Relationships on the Condensed Consolidated Financial Statements
(in millions of dollars)
 
Amount of Gain (Loss) Recognized in OCI (Effective Portion)
 
Location of (Gain) Loss Reclassified from OCI to Income
 
Amount of (Gain) Loss
Reclassified from AOCI to Income (Effective Portion)
 
 
Six Months Ended June 30,
 
 
 
Six Months Ended June 30,
 
 
2013
 
2012
 
 
 
2013
 
2012
Cash flow hedges:
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
$
4.7

 
$
1.1

 
Cost of products sold
 
$
(1.7
)
 
$
(1.4
)
 
 
The Effect of Derivatives Not Designated as Hedging Instruments on the Condensed Consolidated Statements of Operations
 
 
 
 
 
Location of (Gain) Loss Recognized in
Income on Derivatives
 
Amount of (Gain) Loss
Recognized in Income
 
Amount of (Gain) Loss
Recognized in Income
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(in millions of dollars)
 
 
2013
 
2012
 
2013
 
2012
Foreign exchange contracts
Other expense, net
 
$
(1.3
)
 
$
2.3

 
$
(0.9
)
 
$
2.6