Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2011

Financial Instruments

Schedule of fair value of outstanding derivative contracts

	Asset Derivatives			Liability Derivatives
(in thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
December 31, 2011
Derivatives designated as hedging instruments:
Foreign currency forward exchange contracts	Other current assets	$	274	Other current liabilities	$	—
Cross currency interest rate swaps	Other assets		44,636	Noncurrent liabilities		1,792
Total derivatives designated as hedging instruments		$	44,910		$	1,792
Derivates not designated as hedging instruments:
Foreign currency forward exchange contracts	Other current assets	$	2,912	Other current liabilities	$	1,207

	Asset Derivatives			Liability Derivatives
(in thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
December 31, 2010
Derivatives designated as hedging instruments:
Foreign currency forward exchange contracts	Other current assets	$	—	Other current liabilities	$	29
Cross currency interest rate swaps	Other assets		31,803	Noncurrent liabilities		3,831
Total derivatives designated as hedging instruments		$	31,803		$	3,860
Derivates not designated as hedging instruments:
Foreign currency forward exchange contracts	Other current assets	$	2,787	Other current liabilities	$	1,042

Schedule of effect of derivative instruments

(In thousands)	Amount of Gain (Loss) Recognized in Other Comprehensive Income ("OCI") on Derivative—Effective Portion			Location of Gain (Loss) Reclassified from Accumulated OCI into Income—Effective Portion	Amount of Gain (Loss) Reclassified from Accumulated OCI into Income—Effective Portion		Location of Gain (Loss) Recognized in Income on Derivative—Ineffective Portion and Amount Excluded from Effectiveness Testing	Amount of Gain (Loss) Recognized in Income on Derivative—Ineffective Portion and Amount Excluded from Effectiveness Testing
For the twelve months ended December 31, 2011:
Foreign currency forward exchange contracts	$	887		Cost of services and products sold	$	83		$	—
Cross-currency interest rate swaps		7,230				—	Cost of services and products sold		7,642	(a)
	$	8,117			$	83		$	7,642
For the twelve months ended December 31 2010:
Foreign currency forward exchange contracts	$	32			$	—		$	—
Commodity contracts		20		Cost of services and products sold		20	Cost of services and products sold		10
Cross-currency interest rate swaps		(1,119	)			—	Cost of services and products sold		21,734	(a)
	$	(1,067	)		$	20		$	21,744
For the twelve months ended December 31 2009:
Foreign currency forward exchange contracts	$	(23	)		$	—		$	—
Commodity contracts		(3,352	)	Service revenues		1,025	Service revenues		(318	)
Cross-currency interest rate swap		(36,490	)			—	Cost of services and products sold		(5,586	)(a)
	$	(39,865	)		$	1,025		$	(5,904	)

(a)

These gains (losses) offset foreign currency fluctuation effects on the debt principal.

Derivatives Not Designated as Hedging Instruments

		Amount of Gain (Loss) Recognized in Income on Derivative for the Twelve Months Ended December 31(a)
	Location of Gain (Loss) Recognized in Income on Derivative
(In thousands)		2011		2010		2009
Foreign currency forward exchange contracts	Cost of services and products sold	$	7,238	$	1,483	$	(6,308	)

(a)

These gains (losses) offset amounts recognized in cost of service and products sold principally as a result of intercompany or third party foreign currency exposures.

Summary of foreign currency forward exchange contracts, by major currency

December 31, 2011

(In thousands)	Type	U.S. Dollar Equivalent		Maturity	Recognized Gain (Loss)
British pounds sterling	Sell	$	18,350	January 2012	$	(20	)
British pounds sterling	Buy		4,364	January 2012		(12	)
Euros	Sell		178,889	January 2012 through October 2012		2,345
Euros	Buy		105,247	January 2012 through April 2012		(878	)
Other currencies	Sell		2,957	January 2012 through March 2012		62
Other currencies	Buy		14,656	January 2012		235
Total		$	324,463		$	1,732

December 31, 2010

(In thousands)	Type	U.S. Dollar Equivalent		Maturity	Recognized Gain (Loss)
British pounds sterling	Sell	$	54,479	January 2011 through May 2011	$	1,806
British pounds sterling	Buy		208	January 2011 through May 2011		(2	)
Euros	Sell		93,831	January 2011 through February 2011		(104	)
Euros	Buy		44,571	January 2011 through February 2011		(338	)
Other currencies	Sell		5,314	January 2011 through November 2011		(86	)
Other currencies	Buy		15,748	January 2011		441
Total		$	214,151		$	1,717

Summary of notional amount of cross-currency interest rate swaps

			Interest Rates
	Contractual Amount
(In millions)			Receive	Pay
Maturing 2018	$	250.0	Fixed U.S. dollar rate	Fixed euro rate
Maturing 2020		220.0	Fixed U.S. dollar rate	Fixed British pound sterling rate
Maturing 2013		1.8	Floating U.S. dollar rate	Fixed rupee rate

Schedule of fair value of financial instruments

Level 2 Fair Value Measurements at December 31

(In thousands)	2011		2010
Assets
Foreign currency forward exchange contracts	$	3,186	$	2,787
Cross-currency interest rate swaps		44,636		31,803
Liabilities
Foreign currency forward exchange contracts		1,207		1,071
Cross-currency interest rate swaps		1,792		3,831

Level 3 Fair Value Measurements at December 31

(In thousands)	2011		2010
Liabilities
Contingent consideration for acquisitions	$	—	$	3,872

Reconciliation of liabilities measured on a recurring basis using unobservable inputs (Level 3)

Level 3 Liabilities—Contingent Consideration for the Twelve Months Ended December 31

(In thousands)	2011			2010
Balance at beginning of year	$	3,872		$	9,735
Acquisitions during the year		—			4,618
Fair value adjustments included in earnings		(3,966	)		(10,620	)
Effect of exchange rate changes		94			139
Balance at end of year	$	—		$	3,872