Affiliated Companies

12 Months Ended

Dec. 31, 2012

Equity Method Investments and Joint Ventures [Abstract]

Affiliated Companies

Affiliated Companies

At December 31, 2012, the following affiliated companies were accounted for under the equity method:

	Location	Ownership interest
The West Company Mexico, S.A. de C.V.	Mexico	49%
Aluplast S.A. de C.V.	Mexico	49%
Pharma Tap S.A. de C.V.	Mexico	49%
Pharma Rubber S.A. de C.V.	Mexico	49%
Daikyo Seiko, Ltd.	Japan	25%

Unremitted income of affiliated companies included in consolidated retained earnings amounted to $41.9 million, $37.5 million and $31.5 million at December 31, 2012, 2011 and 2010, respectively. Dividends received from affiliated companies were $0.4 million in 2012, $0.3 million in 2011 and $0.3 million in 2010.

Our equity in unrealized gains of Daikyo's investment in securities available-for-sale and derivative instruments, included in accumulated other comprehensive loss was $(0.8) million, $(0.4) million and $(0.1) million at December 31, 2012, 2011 and 2010, respectively.

Our purchases from and royalty payments made to affiliates totaled $75.2 million, $66.4 million and $49.3 million, respectively, in 2012, 2011 and 2010, of which $10.6 million and $9.2 million was due and payable as of December 31, 2012 and 2011, respectively. The majority of these transactions relate to a distributorship agreement allowing us to purchase and re-sell Daikyo products. Sales to affiliates were $3.5 million, $4.5 million and $2.4 million, respectively, in 2012, 2011 and 2010, of which $0.6 million and $1.3 million was receivable as of December 31, 2012 and 2011, respectively.

At December 31, 2012 and 2011, the aggregate carrying amount of investments in equity method affiliates was $59.8 million and $56.2 million, respectively.