XML 55 R40.htm IDEA: XBRL DOCUMENT v2.4.0.6
Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2012
Financial Instruments  
Summary of fair value of derivative instruments and the balance sheet classification

 

 

 
  December 31, 2012   December 31, 2011  
 
  Balance Sheet Classification   Fair Value   Balance Sheet Classification   Fair Value  

Derivative contracts designated as hedging instruments

                     

Commodity contracts

  Other current assets   $ 0.2   Other current assets   $  

FX forward contracts

  Other current assets     0.1   Other current assets      
                   

 

      $ 0.3       $  
                   

FX forward contracts

  Accrued expenses   $ (0.3 ) Accrued expenses   $ (0.4 )

Commodity contracts

  Accrued expenses       Accrued expenses     (0.8 )
                   

 

      $ (0.3 )     $ (1.2 )
                   

Derivative contracts not designated as hedging instruments

                     

FX forward contracts

  Other current assets   $ 0.1   Other current assets   $  

FX embedded derivatives

  Other current assets     0.3   Other current assets     1.2  
                   

 

      $ 0.4       $ 1.2  
                   

FX forward contracts

  Accrued expenses   $ (0.1 ) Accrued expenses   $ (0.4 )

FX embedded derivatives

  Accrued expenses     (0.9 ) Accrued expenses     (0.3 )

FX embedded derivatives

  Other long-term liabilities     (9.8 ) Other long-term liabilities     (14.8 )
                   

 

      $ (10.8 )     $ (15.5 )
                   
Schedule of effects on AOCI and the Statements of Operations of derivative financial instruments in cash flow hedging relationships

 

 

 
  Amount of gain (loss)
recognized in AOCI,
pre-tax(1)
   
  Amount of gain (loss)
reclassified from AOCI to
income, pre-tax(1)
 
 
  Classification of gain (loss) reclassified from AOCI  
 
  2012   2011   2010   2012   2011   2010  

Swaps

  $   $   $ (9.3 ) Interest Expense   $   $   $ (12.7 )

 

                    Loss on early extinguishment of interest rate protection agreements and term loan             (24.3 )

FX Forward contracts

    (0.4 )   (0.2 )   (4.9 ) Cost of products sold     (0.7 )   (0.8 )    

FX embedded derivatives

            2.3   Cost of products sold             1.8  

Commodity contracts

    0.4     (1.8 )   1.0   Cost of products sold     (0.8 )   0.6     0.7  
                               

 

  $   $ (2.0 ) $ (10.9 )     $ (1.5 ) $ (0.2 ) $ (34.5 )
                               

(1)
For the years ended December 31, 2012, 2011 and 2010, gains (losses) of $(0.4), $0.3 and $1.1, respectively, were recognized in "Other income (expense), net" relating to derivative ineffectiveness and amounts excluded from effectiveness testing.
Schedule of the effects on the Statement of Operations of derivative financial instruments not designated in cash flow hedging relationships

 

 

 
   
  Amount of gain (loss)
recognized in income
 
 
  Classification of gain (loss)
recognized in income
  2012   2011   2010  

FX forward contracts

  Other income (expense), net   $ 0.6   $ (38.5 ) $ 5.0  

FX embedded derivatives(1)

  Other income (expense), net     (0.4 )   1.2     (23.4 )
                   

 

      $ 0.2   $ (37.3 ) $ (18.4 )
                   

(1)
Includes $4.6 of losses reclassified from AOCI during the year ended December 31, 2010 resulting from the discontinuance of cash flow hedge accounting as the forecasted transactions were determined to no longer be probable.