Derivatives And Hedging Transactions (Tables)

3 Months Ended

Mar. 31, 2012

Derivatives and Hedging Transactions

Fair value of the company's outstanding derivatives

	Asset Derivatives				Liability Derivatives
	March 31		December 31		March 31		December 31
(millions)	2012		2011		2012		2011
Derivatives designated as hedging instruments
Foreign currency forward contracts	$	1.7	$	3.8	$	2.4	$	1.2
Derivatives not designated as hedging instruments
Foreign currency forward contracts	8.1		6.6		10.8		2.1
Total	$	9.8	$	10.4	$	13.2	$	3.3

Impact on AOCI and earnings from derivative contracts qualified as cash flow hedges

		First Quarter Ended
		March 31
(millions)	Location	2012			2011
Unrealized gain (loss) recognized into AOCI (effective portion)
Foreign currency forward contracts	AOCI (equity)	$	(2.9	)	$	(4.2	)
Interest rate swap contracts	AOCI (equity)	—			0.9
Gain (loss) reclassified from AOCI into income (effective portion)
Foreign currency forward contracts	Sales	$	—		$	(0.1	)
	Cost of sales	0.5			(1.1		)
	SG&A	0.1			(0.3		)
		0.6			(1.5		)
Interest rate swap	Interest expense, net	(0.7		)	(0.1		)
		$	(0.1	)	$	(1.6	)
Loss recognized in income (ineffective portion)
Foreign currency forward contracts	Interest expense, net	$	(0.4	)	$	(0.4	)

Impact on earnings from derivative contracts not designated as hedging instruments

		First Quarter Ended
		March 31
(millions)	Location	2012			2011
Gain (loss) recognized in income
Foreign currency forward contracts	SG&A	$	(3.9	)	$	3.4
	Interest expense, net	(2.2		)	(1.5		)
		$	(6.1	)	$	1.9

Gains and losses on net investment hedge

	First Quarter Ended
	March 31
(millions)	2012		2011
Transaction gains (losses), net of tax	$	7.6	$	(16.9	)