Financial Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2012

Fair Values of Derivative Instruments Included on Consolidated Balance Sheet

The following table presents the fair values of derivative instruments included on the Consolidated balance sheet:

	Derivative Assets					Derivative Liabilities
In millions	Balance Sheet Classification	March 31, 2012		December 31, 2011		Balance Sheet Classification	March 31, 2012			December 31, 2011
Derivatives designated as hedging instruments
Foreign currency	Prepaid expenses and other       current assets	$	5.3	$	6.7	Accrued payroll and other       liabilities	$	(0.2	)	$	(0.3	)
Interest rate	Prepaid expenses and other       current assets		21.2		9.4
Foreign currency	Miscellaneous other assets		1.1		0.7	Other long-term liabilities		(3.9	)		(0.3	)
Interest rate	Miscellaneous other assets		30.1		46.0	Other long-term liabilities		—			(14.0	)
Total derivatives designated as hedging instruments		$	57.7	$	62.8		$	(4.1	)	$	(14.6	)
Derivatives not designated as hedging instruments
Foreign currency	Prepaid expenses and other       current assets	$	5.6	$	8.3	Accrued payroll and other       liabilities	$	(2.9	)	$	(1.0	)
Equity	Miscellaneous other assets		151.7		154.5
Total derivatives not designated as hedging instruments		$	157.3	$	162.8		$	(2.9	)	$	(1.0	)
Total derivatives		$	215.0	$	225.6		$	(7.0	)	$	(15.6	)

Derivatives Pretax Amounts Affecting Income and Other Comprehensive Income

The following table presents the pretax amounts affecting income and OCI for the three months ended March 31, 2012 and 2011, respectively:

In millions
Derivatives in Fair Value Hedging Relationships	Gain (Loss) Recognized in Income on Derivative						Hedged Items in Fair Value Hedging Relationships					Gain (Loss) Recognized in Income on Related Hedged Items
	2012			2011								2012			2011
Interest rate	$	(4.1	)	$	(21.5	)		Fixed-rate debt				$	4.1		$	21.5
Derivatives in Cash flow Hedging Relationships	Gain (Loss) Recognized in Accumulated OCI on Derivative (Effective Portion)						Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)					Gain (Loss) Recognized in Income on Derivative (Amount Excluded from Effectiveness Testing and Ineffective Portion)
	2012			2011			2012			2011		2012			2011
Foreign currency	$	(5.2	)	$	(4.0	)	$	(4.7	)	$	0.9	$	(2.5	)	$	(4.5	)
Interest rate(1)		(4.6	)		—			0.3			0.6		—			—
Total	$	(9.8	)	$	(4.0	)	$	(4.4	)	$	1.5	$	(2.5	)	$	(4.5	)
Net Investment Hedging Relationships	Gain (Loss) Recognized in Accumulated OCI on Derivative (Effective portion)						Derivatives Not Designated as Hedging Instruments					Gain (Loss) Recognized in Income on Derivative
	2012			2011								2012			2011
Foreign currency denominated debt	$	(1.5	)	$	(112.5	)		Foreign Currency				$	(1.1	)	$	(2.0	)
Foreign currency derivatives		—			(7.4	)		Equity(2)					(2.7	)		(0.8	)
Total	$	(1.5	)	$	(119.9	)		Total				$	(3.8	)	$	(2.8	)

Gains (losses) recognized in income on derivatives are recorded in “Nonoperating (income) expense, net” unless otherwise noted.

⁽¹⁾  The amount of gain (loss) reclassified from accumulated OCI into income is recorded in Interest expense.

⁽²⁾  The amount of gain (loss) recognized in income on the derivatives used to hedge the supplemental benefit plan liabilities is recorded in Selling, general & administrative expenses.