Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2013

Derivative Instruments and Hedging Activities

Notional amounts outstanding under foreign currency contracts

The Company had the following notional amounts outstanding under foreign currency contracts (in millions):

Buy	Notional Amount in Buy Currency	Sell	Maturity	Notional Amount in U.S. Dollars		Fair Value of Assets		Fair Value of Liabilities
March 31, 2013:
Euro	0.8	Australian Dollars	May 2013 to October 2013	$	1.0	$	—	$	0.1
Euro	54.3	U.S. Dollars	April 2013 to January 2014	72.4		—		2.8
Swiss Francs	24.0	U.S. Dollars	April 2013	25.9		—		0.6
U.S. Dollars	0.5	Euro	April 2013	0.5		—		—
U.S. Dollars	0.8	Mexican Pesos	May 2013	0.8		—		—
				$	100.6	$	—	$	3.5
December 31, 2012:
Euro	1.2	Australian Dollars	January 2013 to April 2013	$	1.6	$	—	$	—
Euro	49.3	U.S. Dollars	January 2013 to October 2013	64.0		1.2		—
Swiss Francs	26.1	U.S. Dollars	January 2013	27.9		0.6		—
U.S. Dollars	0.8	Mexican Pesos	January 2013	0.8		—		—
				$	94.3	$	1.8	$	—

Fair value and balance sheet location of derivative instruments

The fair value of the derivative instruments described above is recorded in the consolidated balance sheets for the periods as follows (in millions):

		March 31,		December 31,
	Balance Sheet Location	2013		2012
Derivative assets:
Foreign exchange contracts	Other current assets	$	—	$	1.8
Embedded derivatives in purchase and delivery contracts	Other current assets	0.8		0.3
Derivative liabilities:
Foreign exchange contracts	Other current liabilities	$	3.5	$	—
Embedded derivatives in purchase and delivery contracts	Other current liabilities	0.1		0.3
Fixed price commodity contracts	Other current liabilities	0.2		0.2

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

The impact on net income of changes in the fair value of derivative instruments not designated as hedging instruments are as follows (in millions):

	Three Months Ended March 31,
	2013			2012
Foreign exchange contracts	$	(5.3	)	$	7.2
Embedded derivatives	0.7			(0.5		)
Income (expense), net	$	(4.6	)	$	6.7