DERIVATIVE FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2011

Notional Amounts of Derivative Financial Instruments and Related Fair Values Measured on Recurring Basis

The notional amounts of derivative financial instruments and related fair values measured on a recurring basis and included in the condensed consolidated balance sheets were as follows:

	Notional Amounts				Fair Values
(in millions of U.S. Dollars)	September 30, 2011		December 31, 2010		September 30, 2011			December 31, 2010			Balance Sheet Location
Derivatives designated as cash flow hedging instruments:
Interest rate swap contract	$	186.3	$	300.0	$	(4.5	)	$	(4.6	)	Other non-current liabilities
Derivatives not receiving hedge accounting treatment:
Interest rate swap contract		180.0		—		(1.6	)		—		Accrued expenses
Foreign exchange contracts		12.6		11.4		(1.3	)		0.7		Accrued expenses/Prepaid expenses and other
Total derivative financial instruments	$	378.9	$	311.4	$	(7.4	)	$	(3.9	)

Impact of Derivative Financial Instruments on Condensed Consolidated Financial Statements

The following tables summarize the impact of derivative financial instruments on the condensed consolidated financial statements for the indicated periods:

	Three Months Ended September 30,
	2011			2010			2011			2010			2011		2010
(in millions of U.S. Dollars)	Amount of Pre-tax Gain (Loss) Recognized in Earnings*						Amount of Pre-tax Loss Recognized in OCI						Amount of Pre-tax Loss Reclassified from AOCI into Earnings*
Derivatives designated as cash flow hedging instruments:
Interest rate swap contract	$	—		$	—		$	(4.5	)	$	(1.5	)	$	—	$	—
Derivatives not receiving hedge accounting treatment:
Interest rate swap contracts	$	0.1		$	(0.4	)	$	—		$	—		$	—	$	(4.3	)
Foreign exchange contracts		(2.0	)		0.2			—			—			—		—
	$	(1.9	)	$	(0.2	)	$	(4.5	)	$	(1.5	)	$	—	$	(4.3	)
*  Amount recognized in earnings related to interest rate swap contracts included in Interest expense and amounts recognized in earnings related to foreign exchange contracts included in Cost of sales.

	Nine Months Ended September 30,
	2011			2010			2011			2010			2011			2010
(in millions of U.S. Dollars)	Amount of Pre-tax Gain (Loss) Recognized in Earnings*						Amount of Pre-tax Loss Recognized in OCI						Amount of Pre-tax Loss Reclassified from AOCI into Earnings*
Derivatives designated as cash flow hedging instruments:
Interest rate swap contract	$	—		$	—		$	(4.9	)	$	(5.3	)	$	(5.0	)	$	—
Derivatives not receiving hedge accounting treatment:
Interest rate swap contracts	$	—		$	(1.4	)	$	—		$	—		$	—		$	(13.2	)
Foreign exchange contracts		(2.0	)		—			—			—			—			—
	$	(2.0	)	$	(1.4	)	$	(4.9	)	$	(5.3	)	$	(5.0	)	$	(13.2	)
*       Amount recognized in earnings related to interest rate swap contracts included in Interest expense and amounts recognized in earnings related to foreign exchange contracts included in Cost of sales.