Fair Value Measurements and Other Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2012

The following table details the fair value hierarchy of our financial instruments.


September 30, 2012	Total Fair Value		Level 1		Level 2		Level 3
Cash equivalents	$	11.0	$	—	$	11.0	$	—

Derivative financial instruments net asset:
Foreign currency forward contracts	$	6.0	$	—	$	6.0	$	—


December 31, 2011	Total Fair Value		Level 1		Level 2		Level 3
Cash equivalents	$	148.9	$	—	$	148.9	$	—

Derivative financial instruments net asset:
Interest rate swaps	$	2.1	$	—	$	2.1	$	—

Foreign currency forward contracts	$	15.0	$	—	$	15.0	$	—

Carrying Amount and Estimated Fair Values of Debt

The table below shows the carrying amounts and estimated fair values of our total debt:


	September 30, 2012				December 31, 2011
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
5.625% Senior Notes due July 2013(1)	$	400.5	$	409.2	$	401.0	$	414.1
12% Senior Notes due February 2014(1)		154.2		172.6		156.3		179.8
Term Loan A Facility due October 2016(2)		875.1		875.1		945.7		945.7
7.875% Senior Notes due June 2017		394.3		430.4		393.5		426.0
Term Loan B Facility due October 2018(2)		1,111.2		1,111.2		1,118.8		1,118.8
8.125% Senior Notes due September 2019		750.0		830.4		750.0		824.5
8.375% Senior Notes due September 2021		750.0		841.2		750.0		826.9
6.875% Senior Notes due July 2033		448.6		425.2		448.6		389.3
Other foreign loans		52.8		52.2		37.8		37.4
Other domestic loans		0.6		0.6		1.4		1.3

Total debt	$	4,937.3	$	5,148.1	$	5,003.1	$	5,163.8

(1)	The carrying value of such debt includes adjustments due to interest rate swaps. The fair value of such debt includes adjustments due to outstanding interest rate swaps. See Note 12, “Derivatives and Hedging Activities.”

(2)	Includes non-U.S. dollar tranches.

- Definition

The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19279-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 33

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 6

-Footnote 4

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details