XML 161 R58.htm IDEA: XBRL DOCUMENT v2.4.0.6
Derivative Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2012
Derivative Financial Instruments [Abstract]  
Summary Of The Fair Value Of Derivative Instruments On The Consolidated Balance Sheet

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset Derivatives

 

Derivative Liabilities

 

 

 

Fair Value

 

 

Fair Value

 

 

Balance Sheet   Location

December 31, 2012

 

December 31, 2011

 

Balance Sheet   Location

December 31, 2012

 

December 31, 2011

 

Derivatives designated as hedging instruments

 

 

 

 

 

 

 

 

 

Natural gas commodity contracts

Other current assets

 -

 

 -

 

Accounts payable and accrued expenses

$
2.7 

 

$
7.2 

 

Natural gas commodity contracts

Other non-current assets

 -

 

 -

 

Other long-term liabilities

 -

 

2.1 

 

Foreign exchange contracts

Other current assets

$
0.3 

 

$
2.4 

 

Accounts payable and accrued expenses

2.1 

 

1.3 

 

Interest rate swap contracts

Other current assets

 -

 

 -

 

Other long-term liabilities

25.7 

 

14.0 

 

Total derivatives designated as hedging instruments

 

$
0.3 

 

$
2.4 

 

 

$
30.5 

 

$
24.6 

 

 

Summary Of The Amount Of (Loss) Recognized In Accumulated Other Comprehensive Income

 

 

 

 

 

 

 

 

 

Amount of Gain (Loss) Recognized in Accumulated Other Comprehensive Income (“AOCI”) (Effective Portion)(a)

Location of (Loss) Reclassified from AOCI into Income (Effective Portion)

(Loss) Reclassified from AOCI into Income (Effective Portion)

 

2012

 

2011

 

2012

 

2011

Derivatives in Cash Flow Hedging Relationships

 

 

 

 

 

 

 

Natural gas commodity contracts

($2.7)

 

($9.1)

Cost of goods sold

($8.8)

 

($6.7)

Foreign exchange contracts – purchases and sales

(1.7)

 

1.0 

Cost of goods sold

(1.9)

 

(3.5)

Interest rate swap contracts

(25.7)

 

(14.0)

Interest Expense

 -

 

 -

Total

($30.1)

 

($22.1)

 

($10.7)

 

($10.2)

(a)

As of December 31, 2012 the amount of existing losses in Accumulated OCI expected to be recognized in earnings over the next twelve months is $4.3 million.

Summary Of Location Of Cash Flow Hedging Gain (Loss) Recognized In Income

 

 

 

 

 

 

 

Location of Gain (Loss) Recognized in Income on Derivative (Ineffective Portion) (a)

 

Derivatives in Cash Flow Hedging Relationships

 

 

Natural gas commodity contracts

Cost of goods sold

 

Foreign exchange contracts – purchases and sales

SG&A expense

 

Interest rate swap contracts

Interest expense

 

 

(a)

The amount recognized in income related to the ineffective portion of the hedging relationships was immaterial in 2012 and 2011.  No gains or losses are excluded from the assessment of the hedge effectiveness.