Derivative Financial Instruments and Hedging (Tables)

6 Months Ended

Jun. 30, 2013

General Discussion of Derivative Instruments and Hedging Activities [Abstract]

Schedule Of Derivative Instruments In Statement Of Financial Position Fair Value Text Block

(in millions):		June 30,		December 31,
Asset derivatives	Balance sheet location	2013		2012
Derivatives designated as hedging instruments:
Foreign exchange contracts	Prepaid expenses and other current assets	$	5.0	$	2.9
Nickel and other raw material contracts	Prepaid expenses and other current assets		-		0.6
Natural gas contracts	Prepaid expenses and other current assets		0.2		0.4
Foreign exchange contracts	Other assets		5.5		0.9
Nickel and other raw material contracts	Other assets		-		0.3
Natural gas contracts	Other assets		0.1		0.7
Total derivatives designated as hedging instruments:			10.8		5.8
Derivatives not designated as hedging instruments:
Foreign exchange contracts	Prepaid expenses and other current assets		0.2		0.4
Total derivatives not designated as hedging instruments:			0.2		0.4
Total asset derivatives		$	11.0	$	6.2
Liability derivatives	Balance sheet location
Derivatives designated as hedging instruments:
Natural gas contracts	Accrued liabilities	$	2.9	$	4.4
Nickel and other raw material contracts	Accrued liabilities		11.2		1.1
Foreign exchange contracts	Accrued liabilities		-		1.7
Electricity contracts	Accrued liabilities		0.2		0.3
Natural gas contracts	Other long-term liabilities		0.5		0.6
Electricity contracts	Other long-term liabilities		0.2		0.4
Foreign exchange contracts	Other long-term liabilities		-		1.4
Nickel and other raw material contracts	Other long-term liabilities		1.9		0.3
Total derivatives designated as hedging instruments:			16.9		10.2
Derivatives not designated as hedging instruments:
Foreign exchange contracts	Accrued liabilities		0.7		1.6
Total derivatives not designated as hedging instruments:			0.7		1.6
Total liability derivatives		$	17.6	$	11.8

Schedule Of Derivative Instruments Gain Loss In Statement Of Financial Performance Text Block

										Amount of Gain (Loss)
						Amount of Gain (Loss)				Recognized in Income
		Amount of Gain (Loss)				Reclassified from				on Derivatives (Ineffective
		Recognized in OCI on				Accumulated OCI				Portion and Amount
		Derivatives				into Income				Excluded from
		(Effective Portion)				(Effective Portion) (a)				Effectiveness Testing) (b)
		Three months ended				Three months ended				Three months ended
Derivatives in Cash Flow		June 30,				June 30,				June 30,
Hedging Relationships		2013		2012		2013		2012		2013		2012
Nickel and other raw		$	(7.4)	$	(3.1)	$	(1.1)	$	(0.7)	$	-	$	-
	material contracts
Natural gas contracts			(1.9)		1.2		0.1		(2.4)		-		-
Electricity contracts			(0.1)		(0.1)		-		(0.4)		-		-
Foreign exchange contracts			(0.4)		11.8		0.6		3.2		-		-
Total		$	(9.8)	$	9.8	$	(0.4)	$	(0.3)	$	-	$	-

										Amount of Gain (Loss)
						Amount of Gain (Loss)				Recognized in Income
		Amount of Gain (Loss)				Reclassified from				on Derivatives (Ineffective
		Recognized in OCI on				Accumulated OCI				Portion and Amount
		Derivatives				into Income				Excluded from
		(Effective Portion)				(Effective Portion) (a)				Effectiveness Testing) (b)
		Six Months Ended				Six Months Ended				Six Months Ended
Derivatives in Cash Flow		June 30,				June 30,				June 30,
Hedging Relationships		2013		2012		2013		2012		2013		2012
Nickel and other raw		$	(8.8)	$	(4.7)	$	(1.0)	$	(0.8)	$	-	$	-
	material contracts
Natural gas contracts			(0.3)		(3.3)		(0.9)		(5.0)		-		-
Electricity contracts			-		(1.1)		(0.2)		(1.1)		-		-
Foreign exchange contracts			7.3		7.7		1.3		5.1		-		-
Total		$	(1.8)	$	(1.4)	$	(0.8)	$	(1.8)	$	-	$	-

Schedule Of Derivative Instruments Included In Trading Activities Text Block

In millions	Amount of Gain (Loss) Recognized
	in Income on Derivatives
		Three Months Ended				Six Months Ended
Derivatives Not Designated		June 30,				June 30,
as Hedging Instruments		2013		2012		2013		2012
Foreign exchange contracts	$	(0.4)	$	1.3	$	0.4	$	(0.1)