XML 43 R28.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Derivative Instruments and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 2011
Derivative Instruments and Hedging Activities  
Notional amounts outstanding under foreign currency contracts

 

 

Buy

 

Notional
Amount in Buy
Currency

 

Sell

 

Maturity

 

Notional
Amount in U.S.
Dollars

 

Fair Value of
Assets

 

Fair Value of
Liabilities

 

June 30, 2011:

 

 

 

 

 

 

 

 

 

 

 

 

 

Euro

 

1.5

 

Australian Dollars

 

September 2011

 

$

2.2

 

$

 

$

 

Euro

 

7.8

 

U.S. Dollars

 

August 2011 to May 2012

 

10.7

 

0.6

 

 

U.S. Dollars

 

3.7

 

Euro

 

August 2011 to January 2012

 

4.0

 

 

0.4

 

 

 

 

 

 

 

 

 

$

16.9

 

$

0.6

 

$

0.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2010:

 

 

 

 

 

 

 

 

 

 

 

 

 

Euro

 

1.5

 

Australian Dollars

 

January 2011

 

$

2.2

 

$

 

$

0.2

 

Euro

 

13.3

 

Swiss Francs

 

January 2011

 

19.3

 

 

1.1

 

Euro

 

14.5

 

U.S. Dollars

 

January 2011 to May 2012

 

19.6

 

0.1

 

0.4

 

Swiss Francs

 

13.6

 

U.S. Dollars

 

January 2011

 

13.9

 

0.7

 

 

Swiss Francs

 

18.0

 

Euro

 

January 2011

 

18.5

 

1.2

 

 

U.S. Dollars

 

8.9

 

Euro

 

January 2011 to January 2012

 

8.7

 

0.1

 

 

 

 

 

 

 

 

 

 

$

82.2

 

$

2.1

 

$

1.7

Fair value and balance sheet location of derivative instruments

 

 

 

 

 

 

June 30,

 

December 31,

 

 

 

Balance Sheet Location

 

2011

 

2010

 

Derivative assets:

 

 

 

 

 

 

 

Foreign exchange contracts

 

Other current assets

 

$

0.6

 

$

2.1

 

Embedded derivatives in purchase and delivery contracts

 

Other current assets

 

0.2

 

0.1

 

Commodity contracts

 

Other current assets

 

0.1

 

0.6

 

 

 

 

 

 

 

 

 

Derivative liabilities:

 

 

 

 

 

 

 

Interest rate swap contract

 

Other current liabilities

 

$

2.3

 

$

3.0

 

Foreign exchange contracts

 

Other current liabilities

 

0.4

 

1.7

 

Embedded derivatives in purchase and delivery contracts

 

Other current liabilities

 

1.1

 

1.5

 

Fixed price commodity contracts

 

Other current liabilities

 

0.1

 

0.6

Loss recognized in other comprehensive income related to the effective portion of the interest rate swap designated as a hedging instrument

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

Interest rate swap contract

 

$

(0.2

)

$

(0.6

)

$

(0.3

)

$

(1.5

)

Loss related to the effective portion of the interest rate swap designated as a hedging instrument that were reclassified from other comprehensive income and recognized in net income

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

Interest rate swap contract

 

$

(0.5

)

$

(0.7

)

$

(1.0

)

$

(1.4

)

Impact on net income of changes in the fair value of derivative instruments not designated as hedging instruments

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

 

 

2011

 

2010

 

2011

 

2010

 

Foreign exchange contracts

 

$

(0.1

)

$

(1.1

)

$

(0.2

)

$

(1.3

)

Embedded derivatives

 

(0.2

)

(1.6

)

0.5

 

(2.3

)

Income (expense), net

 

$

(0.3

)

$

(2.7

)

$

0.3

 

$

(3.6

)