Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Location and Fair Value of Derivative Instruments Designated as Hedging Instruments

The location and fair value of derivative instruments that are designated as hedging instruments recognized in the consolidated balance sheets at December 31, are as follows:

	Balance Sheet Location	Fair Value of Derivatives
Derivatives Designated as Hedging Instruments		2013		2012
(dollars in millions)
Forward currency contracts	Other current assets	$	1.2	$	1.4
Option currency contracts	Other current assets		1.3		0.6
Interest rate swap contract	Other assets		8.9		13.3
		$	11.4	$	15.3
Forward currency contracts	Accrued expenses	$	0.5	$	0.4
		$	0.5	$	0.4

Location and Amounts of Gains and Losses on Derivative Instruments Designated as Cash Flow Hedges

The location and amounts of gains and losses on derivative instruments designated as cash flow hedges and the impact on shareholders’ investment for the years ended December 31, are as follows:

	Gain/(Loss) Recognized in Other Comprehensive Income (Loss)									Location of Gain/(Loss) Reclassified from Accumulated Other Comp. Loss into Income	Gain/(Loss) Reclassified from Accumulated Other Comp. Loss into Income
(dollars in millions)	2013			2012			2011				2013			2012			2011
Forward currency contracts	$	4.2		$	4.0		$	(4.2	)	Cost of goods sold	$	3.0		$	(1.3	)	$	3.0
Option currency contracts		(1.7	)		(0.5	)		0.1		Cost of goods sold		(1.8	)		2.5			(1.0	)
	$	2.5		$	3.5		$	(4.1	)		$	1.2		$	1.2		$	2.0

Location and Amounts of Gains and Losses on Derivative Instrument Designated as Fair Value Hedge

The location and amounts of gains and losses on the derivative instrument designated as a fair value hedge for the years ended December 31, are as follows:

			(Loss)/Gain Recognized on Swap							Gain/(Loss) Recognized on Long-Term Debt
(dollars in millions)	Income Statement Location		2013			2012		2011		2013		2012			2011
Interest rate swap contract		Interest expense	$	(4.4	)	$	1.2	$	11.4	$	4.4	$	(1.2	)	$	(11.4	)

Location and Amounts of Gains on Derivative Instruments Not Designated as Hedging Instruments

The location and amounts of gains and losses on derivative instruments not designated as hedging instruments for the years ended December 31, are as follows:

		Gain Recognized in Earnings
(dollars in millions)	Income Statement Location	2013		2012		2011
Forward currency contracts(A)	Other (income) expense, net	$	—	$	3.0	$	2.0

^(A) These derivative contracts mitigate changes in the value of remeasured foreign currency denominated intercompany loans attributable to changes in foreign currency exchange rates.

Financial Instrument Assets and (Liabilities) Measured at Fair Value on Recurring Basis

The following table summarizes certain financial instrument assets measured at fair value on a recurring basis at December 31:

	2013		2012
(dollars in millions)
Forward currency contracts	$	0.7	$	1.0
Option currency contracts		1.3		0.6
Interest rate swap contract		8.9		13.3

Accounts Receivable, Net of Allowances

At December 31, 2013, the company’s accounts receivable, net of allowances, from the national healthcare systems in these countries and amounts past due greater than 365 days are as follows:

	Accounts Receivable, net		Greater Than 365 Days Past Due
(dollars in millions)
Spain	$	25.5	$	7.2
Italy		21.6		2.0
Greece		10.7		3.6
Portugal		4.4		1.9
	$	62.2	$	14.7