Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2011

Assets and liabilities measured at fair value [Text Block]



			Basis of fair value measurements
	Balance at December 31, 2011		Quoted prices in active markets for identical items (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Valuation technique
(millions of dollars)	Balance at December 31, 2011				Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Valuation technique
Assets:
Foreign currency contracts	$	2.7	$	—	$	2.7	$	—	A
Other non-current assets (insurance settlement agreement note receivable)	$	21.3	$	—	$	21.3	$	—	C
Liabilities:
Foreign currency contracts	$	2.9	$	—	$	2.9	$	—	A
Net investment hedge contracts	$	85.0	$	—	$	85.0	$	—	A

The following table classifies the assets and liabilities measured at fair value on a recurring basis as of December 31, 2010:



			Basis of fair value measurements
	Balance at December 31, 2010		Quoted prices in active markets for identical items (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Valuation technique
(millions of dollars)	Balance at December 31, 2010				Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Valuation technique
Assets:
Foreign currency contracts	$	2.7	$	—	$	2.7	$	—	A
Liabilities:
Foreign currency contracts	$	6.4	$	—	$	6.4	$	—	A
Net investment hedge contracts	$	75.7	$	—	$	75.7	$	—	A

Fair value defined benefit plan assets measured at recurring and non-recurring basis [Text Block]

The following tables classify the Company's defined benefit plan assets measured at fair value on a recurring basis as of December 31, 2011:



			Basis of fair value measurements
	Balance at December 31, 2011		Quoted prices in active markets for identical items (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Valuation technique
(millions of dollars)	Balance at December 31, 2011				Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Valuation technique
U.S. Plans:
Fixed income securities	$	158.2	$	—	$	158.2	$	—	A
Equity securities	101.5		49.6		51.9		—		A
Real estate and other	30.7		—		30.7		—		A
	$	290.4	$	49.6	$	240.8	$	—
Non-U.S. Plans:
Fixed income securities	$	63.5	$	—	$	63.5	$	—	A
Equity securities	78.3		—		78.3		—		A
Real estate and other	13.1		—		13.1		—		A
	$	154.9	$	—	$	154.9	$	—

The following tables classify the Company's defined benefit plan assets measured at fair value on a recurring basis as of December 31, 2010:



			Basis of fair value measurements
	Balance at December 31, 2010		Quoted prices in active markets for identical items (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Valuation technique
(millions of dollars)	Balance at December 31, 2010				Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)		Valuation technique
U.S. Plans:
Fixed income securities	$	113.7	$	—	$	113.7	$	—	A
Equity securities	140.5		48.5		92.0		—		A
Real estate and other	33.0		—		33.0		—		A
	$	287.2	$	48.5	$	238.7	$	—
Non-U.S. Plans:
Fixed income securities	$	59.6	$	—	$	59.6	$	—	A
Equity securities	88.4		—		88.4		—		A
Real estate and other	6.6		—		6.6		—		A
	$	154.6	$	—	$	154.6	$	—

- Definition

Tabular disclosure of the fair value measurement of assets and liabilities which includes [financial] instruments measured at fair value that are classified in stockholders' equity. Such assets and liabilities may be measured on a recurring or nonrecurring basis. The disclosures which may be required or desired include: (1) for assets and liabilities measured on a recurring basis, disclosure may include: (a) the fair value measurements at the reporting date; (b) the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3); (c) for fair value measurements using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (i) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (ii) purchases, sales, issuances, and settlements (net); (iii) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs); (d) the amount of the total gains or losses for the period in subparagraph (c) (i) above included in earnings (or changes in net assets) that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date and a description of where those unrealized gains or losses are reported in the statement of income (or activities); (e) the valuation technique(s) used to measure fair value and a discussion of changes in valuation techniques, if any, during the period and (2) for assets and liabilities that are measured at fair value on a nonrecurring basis (for example, impaired assets) disclosure may include, in addition to (a) above: (a) the reasons for the fair value measurements recorded; (b) the same as (b) above; (c) for fair value measurements using significant unobservable inputs (Level 3), a description of the inputs and the information used to develop the inputs; and (d) the valuation technique(s) used to measure fair value and a discussion of changes, if any, in the valuation technique(s) used to measure similar assets and/or liabilities in prior periods. Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ References

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-Publisher FASB

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

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-Publisher FASB

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- Definition

Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans.

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