XML 76 R57.htm IDEA: XBRL DOCUMENT v2.3.0.15
Financial Instruments and Risk Management (Details)
In Millions, except Share data, unless otherwise specified
9 Months Ended9 Months Ended9 Months Ended
Oct. 02, 2011
USD ($)
method
Ratio
Dec. 31, 2010
USD ($)
Oct. 02, 2011
Commodity contracts
USD ($)
Dec. 31, 2010
Commodity contracts
USD ($)
Oct. 02, 2011
Interest rate swap agreements
USD ($)
Oct. 02, 2011
Inflation option contracts
USD ($)
Oct. 02, 2011
Inflation option contracts
EUR (€)
Oct. 02, 2011
Foreign exchange forward contracts and option collar contracts
USD ($)
Oct. 02, 2011
Equity contracts
USD ($)
Oct. 02, 2011
Total return swaps outstanding until March 2012
swap
Oct. 02, 2011
Total return swaps outstanding until September 2012
Financial Instruments and Risk Management           
Number of methods through which entity manages commodity price risk in connection with market price fluctuations of aluminum ingot2          
Financial Instruments and Risk Management           
Notional amount of derivatives  $ 700$ 1,000$ 303$ 154€ 115$ 434   
Period within which derivative will expire  four years four yearstwo yearstwo yearstwo years   
Loss on derivatives included in accumulated other comprehensive earnings (loss), net of tax  9.1 0.3  0.9   
Net loss expected to be recognized in the consolidated statement of earnings during the next 12 months  9.9 0.3  0.9   
Change in company's stock price (in dollars per share)        $ 1  
Impact of change in the company's stock price on pretax earnings        1.8  
Notional value of the swap (in shares)         1,000,000500,000
Number of swaps         1 
Fair value of the swap at loss        0.5  
Aggregate fair value derivative instruments with credit-risk-related contingent features that were in a net liability position$ 58.2$ 26.3