Notes Payable and Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2012

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

As of September 30, 2012 and December 31, 2011, the Company had short-term and long-term debt outstanding as follows:

	September 30,		December 31,
(millions of dollars)	2012		2011
Short-term debt
Short-term borrowings	$	151.0	$	116.3
Receivables securitization	80.0		80.0
Total short-term debt	$	231.0	$	196.3
Long-term debt
3.50% Convertible senior notes due 04/15/12	$	—	$	368.5
5.75% Senior notes due 11/01/16 ($150 million par value)	149.5		149.5
8.00% Senior notes due 10/01/19 ($134 million par value)	133.9		133.9
4.625% Senior notes due 09/15/20 ($250 million par value)	247.9		247.7
7.125% Senior notes due 02/15/29 ($121 million par value)	119.4		119.3
Multi-currency revolving credit facility	180.0		70.0
Term loan facilities and other	19.9		19.8
Unamortized portion of debt derivatives	21.2		24.1
Total long-term debt	871.8		1,132.8
Less: current portion	5.5		381.5
Long-term debt, net of current portion	$	866.3	$	751.3

Total interest expense related to the convertible notes in the Company's Consolidated Statement of Operations

The total interest expense related to the convertible senior notes in the Company’s Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2012 and 2011 was as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(millions of dollars)	2012		2011		2012		2011
Interest expense	$	—	$	8.3	$	9.0	$	24.6
Non-cash portion	$	—	$	5.0	$	5.3	$	14.8