DERIVATIVE FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Dec. 31, 2011

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

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

	Notional Amounts				Fair Values
(in millions of U.S. Dollars)	December 31, 2011		December 31, 2010		December 31, 2011			December 31, 2010			Balance Sheet Location
Derivatives designated as cash flow hedging instruments:
Interest rate swap contract	$	186.3	$	300.0	$	(4.6	)	$	(4.6	)	Other non-current liabilities
Derivatives not receiving hedge accounting treatment:
Interest rate swap contract		140.0		—		(0.8	)		—		Accrued expenses
Foreign exchange contracts		11.7		11.4		(1.0	)		0.7		Accrued expenses/Prepaid expenses and other
Total derivative financial instruments	$	338.0	$	311.4	$	(6.4	)	$	(3.9	)

Impact of Derivative Instruments on Consolidated Financial Statements

The following table summarizes the impact of derivative instruments on the consolidated financial statements:

	Year Ended December 31,
	2011			2010			2009		2011			2010			2009			2011			2010			2009
(in millions of U.S. Dollars)	Amount of Pre-Tax Gain (Loss) Recognized in Earnings on Derivatives*								Amount of Pre-Tax Gain (Loss) Recognized in OCI on Derivatives									Amount of Pre-Tax Loss Reclassified from AOCI into Earnings*
Derivatives designated as cash flow hedging instruments:
Interest Rate Swap Contracts	$	—		$	—		$	—	$	(5.0	)	$	(5.4	)	$	0.8		$	(5.0	)	$	—		$	—
Foreign Exchange Contracts		—			—			—		—			—			—			—			—			(1.6	)
Total	$	—		$	—		$	—	$	(5.0	)	$	(5.4	)	$	0.8		$	(5.0	)	$	—		$	(1.6	)
Derivatives not receiving hedge accounting treatment:
Interest Rate Swap Contracts	$	—		$	(1.4	)	$	9.5	$	—		$	—		$	2.6	**	$	—		$	(17.3	)	$	(14.6	)
Foreign Exchange Contracts		(1.7	)		0.3			0.4		—			—			—			—			—			—
Total	$	(1.7	)	$	(1.1	)	$	9.9	$	—		$	—		$	2.6		$	—		$	(17.3	)	$	(14.6	)

* Amount recognized in earnings related to interest rate swap contracts is included in Interest expense and amounts recognized in earnings related to foreign exchange contracts is included in Cost of sales.

** Represents amount recognized in OCI during the first quarter of 2009 related to interest rate swaps for which hedge accounting was discontinued on April 1, 2009; however, these derivative financial instruments were effective as cash flow hedges until that date.