Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2011

Derivative Instruments and Hedging Activities Disclosure [Abstract]

At September 30, 2011 and December 31, 2010, the following cross-currency swaps were outstanding:



	Cross-Currency Swaps
	Notional		Notional
(in millions)	in USD		in Local Currency		Duration
Floating $ to floating €	$	75.0	€	58.5	Oct - 19
Floating $ to floating ¥	$	150.0	¥	17,581.5	Nov - 16

Commodity Derivative Contracts Outstanding

At September 30, 2011 and December 31, 2010, the following commodity derivative contracts were outstanding:



	Commodity Derivative Contracts
Commodity	Volume Hedged September 30, 2011	Volume Hedged December 31, 2010	Units of Measure	Duration
Natural gas	75,600	258,900	MMBtu	Dec - 11

Foreign Exchange Derivative Contracts Outstanding

As of September 30, 2011 and December 31, 2010, the following foreign currency derivative contracts were outstanding:



Foreign Currency Derivatives (in millions)
Functional Currency	Traded Currency	Notional in Traded Currency September 30, 2011	Notional in Traded Currency December 31, 2010	Duration
British pound	Euro	75.4	107.3	Dec - 13
Euro	British pound	1.4	—	Dec - 11
Euro	Hungarian forint	6,720.0	—	Dec - 12
Euro	Polish zloty	30.5	—	Dec - 12
Euro	US dollar	7.9	20.2	Dec - 11
Indian rupee	US dollar	0.5	1.9	Dec - 11
Japanese yen	US dollar	8.9	—	Dec - 12
Korean won	Euro	35.9	45.7	Dec - 12
Mexican peso	Euro	12.0	13.5	Dec - 11
Mexican peso	US dollar	50.6	—	Dec - 12
Swedish Krona	Euro	7.5	—	Dec - 12
US dollar	Indian rupee	33.8	141.5	Dec - 11
US dollar	Euro	—	1.7	Sep - 11

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

At September 30, 2011 and December 31, 2010, the following amounts were recorded in the Company’s Condensed Consolidated Balance Sheets as being payable to or receivable from counterparties under ASC Topic 815:



	Assets					Liabilities
(millions of dollars)	Location	September 30, 2011		December 31, 2010		Location	September 30, 2011		December 31, 2010
Foreign currency contracts	Prepayments and other current assets	$	2.3	$	2.7	Accounts payable and accrued expenses	$	7.3	$	3.3
	Other non-current assets	0.2		—		Other non-current liabilities	3.2		3.1
Commodity contracts	Prepayments and other current assets	—		—		Accounts payable and accrued expenses	0.1		—
Net investment hedge contracts	Other non-current assets	—		—		Other non-current liabilities	85.5		75.7

Deferred Losses Reported In Other Comprehensive Income Loss

The table below shows deferred gains and losses at the end of the period reported in AOCI and amounts expected to be reclassified to income or loss within the next twelve months. The gain or loss expected to be reclassified to income or loss in one year or less assumes no change in the current relationship of the hedged item at September 30, 2011 market rates.



(millions of dollars)	Deferred gain (loss) in AOCI at						Gain (Loss) expected to be reclassified to income in one year or less
Contract Type	September 30, 2011			December 31, 2010
Foreign currency	$	(8.3	)	$	(3.7	)	$	(5.4	)
Commodity	(0.1		)	1.6			(0.1		)
Net investment hedges	(81.1		)	(69.3		)	—
Total	$	(89.5	)	$	(71.4	)	$	(5.5	)

Derivatives Designated As Net Investment Hedges

Gain (Loss) reclassified

from AOCI to income

(effective portion)

Gain (Loss) recognized

in income

(ineffective portion)

(millions of dollars)

Three Months Ended

Contract Type

Location

September 30, 2011

September 30, 2010

Location

September 30, 2011

September 30, 2010

Cross-currency swap

Interest expense

—

Interest expense

0.3

(1.9

)

Derivatives Designated As Cash Flow Hedging Instruments



		Gain (Loss) reclassified from AOCI to income (effective portion)							Gain (Loss) recognized in income (ineffective portion)
(millions of dollars)		Three Months Ended							Three Months Ended
Contract Type	Location	September 30, 2011			September 30, 2010			Location	September 30, 2011		September 30, 2010
Foreign currency	Sales	$	(0.8	)	$	(0.4	)	SG&A expense	$	—	$	(0.4	)
Foreign currency	Cost of goods sold	(0.1		)	(0.4		)	SG&A expense	—		—
Foreign currency	SG&A expense	0.4			(0.2		)	SG&A expense	—		—
Commodity	Cost of goods sold	(0.1		)	2.2			Cost of goods sold	—		0.8