Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2012

Derivative [Line Items]

Derivatives Instruments in Statements of Financial Position

At September 30, 2012 and December 31, 2011, the following amounts were recorded in the Condensed Consolidated Balance Sheets as being payable to or receivable from counterparties under ASC Topic 815:

	Assets					Liabilities
(millions of dollars)	Location	September 30, 2012		December 31, 2011		Location	September 30, 2012		December 31, 2011
Foreign currency contracts	Prepayments and other current assets	$	6.9	$	2.6	Accounts payable and accrued expenses	$	0.4	$	2.4
	Other non-current assets	$	1.2	$	0.1	Other non-current liabilities	$	0.1	$	0.5
Commodity contracts	Prepayments and other current assets	$	—	$	—	Accounts payable and accrued expenses	$	—	$	—
Net investment hedge contracts	Other non-current assets	$	—	$	—	Other non-current liabilities	$	79.7	$	85.0

Deferred Losses Reported In Accumulated 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 within one year or less. The gain or loss expected to be reclassified to income in one year or less assumes no change in the current relationship of the hedged item at September 30, 2012 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, 2012			December 31, 2011
Foreign currency	$	6.3		$	(0.6	)	$	5.2
Commodity	—			—			—
Net investment hedges	(75.4		)	(78.9		)	—
Total	$	(69.1	)	$	(79.5	)	$	5.2

Derivatives Designated As Net Investment Hedges

Net investment hedges, designated under ASC Topic 815, held during the period resulted in the following gains or losses recorded in income:

		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, 2012		September 30, 2011		Location	September 30, 2012		September 30, 2011
Cross-currency swap	Interest expense	$	—	$	—	Interest expense	$	3.9	$	0.3

		Gain (loss) reclassified from AOCI to income (effective portion)					Gain (loss) recognized in income (ineffective portion)
(millions of dollars)		Nine Months Ended					Nine Months Ended
Contract Type	Location	September 30, 2012		September 30, 2011		Location	September 30, 2012		September 30, 2011
Cross-currency swap	Interest expense	$	—	$	—	Interest expense	$	1.7	$	2.1

Derivatives Designated As Cash Flow Hedging Instruments

Cash flow hedges, designated under ASC Topic 815, held during the period resulted in the following gains and losses recorded in income:

		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, 2012		September 30, 2011			Location	September 30, 2012		September 30, 2011
Foreign currency	Sales	$	2.4	$	(0.8	)	SG&A expense	$	—	$	—
Foreign currency	Cost of goods sold	1.4		(0.1		)	SG&A expense	—		—
Foreign currency	SG&A expense	—		0.4			SG&A expense	—		—
Commodity	Cost of goods sold	—		(0.1		)	Cost of goods sold	—		—

		Gain (loss) reclassified from AOCI to income (effective portion)						Gain (loss) recognized in income (ineffective portion)
(millions of dollars)		Nine Months Ended						Nine Months Ended
Contract Type	Location	September 30, 2012		September 30, 2011			Location	September 30, 2012		September 30, 2011
Foreign currency	Sales	$	3.9	$	(1.6	)	SG&A expense	$	—	$	—
Foreign currency	Cost of goods sold	2.5		(0.7		)	SG&A expense	—		—
Foreign currency	SG&A expense	—		1.0			SG&A expense	—		—
Commodity	Cost of goods sold	—		(0.1		)	Cost of goods sold	—		—

Net Investment Hedge [Member]

Derivative [Line Items]

Notional Amounts of Outstanding Derivative Positions

At September 30, 2012 and December 31, 2011, the following cross-currency swaps were outstanding:

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

Commodity Contract [Member]

Derivative [Line Items]

Notional Amounts of Outstanding Derivative Positions

At September 30, 2012 and December 31, 2011, the following commodity derivative contracts were outstanding:

	Commodity derivative contracts
Commodity	Volume hedged September 30, 2012	Volume hedged December 31, 2011	Units of measure	Duration
Natural gas	113,406	—	MMBtu	Dec - 12

Foreign Currency Contract [Member]

Derivative [Line Items]

Notional Amounts of Outstanding Derivative Positions

As of September 30, 2012 and December 31, 2011, the following foreign currency derivative contracts were outstanding:

Foreign currency derivatives (in millions)
Functional currency	Traded currency	Notional in traded currency September 30, 2012	Notional in traded currency December 31, 2011	Duration
British pound	Euro	37.8	64.8	Dec - 13
Euro	British pound	1.9	7.0	Dec - 12
Euro	Hungarian forint	10,650.0	5,400.0	Nov - 13
Euro	Japanese Yen	829.6	—	Dec - 13
Euro	Polish zloty	29.8	24.5	Dec - 12
Euro	US dollar	12.5	16.1	Dec - 13
Japanese yen	US dollar	2.0	7.4	Dec - 12
Korean won	Euro	38.0	34.5	Dec - 14
Korean won	US dollar	3.6	2.4	Dec - 12
Mexican peso	Euro	3.7	9.2	Dec - 12
Mexican peso	US dollar	28.0	40.7	Dec - 13
Swedish Krona	Euro	2.1	6.1	Dec - 12
US dollar	Euro	1.2	3.0	Dec - 12
US dollar	Indian Rupee	174.5	—	Dec - 13
US dollar	Japanese yen	3,000.0	3,000.0	Dec - 12