Derivatives and Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2012

Derivatives and Fair Value Measurements [Abstract]

Summary of location and fair value amount of derivative instruments

	Asset Derivatives						Liability Derivatives
	June 30, 2012			December 31, 2011			June 30, 2012			December 31, 2011
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
	(In millions)
Derivatives not designated as hedging instruments under ASC 815
Foreign exchange contracts	—		—	—		—	Other accrued liabilities		—	Other accrued liabilities	$	0.1
Commodity contracts	Prepaid expenses and other current assets	$	—	Prepaid expenses and other current assets	$	0.1	Other accrued liabilities	$	1.0	Other accrued liabilities		1.0
Total derivatives		$	—		$	0.1		$	1.0		$	1.1

Summary of location and amount of gains and losses in statement of operations

		Amount of Gain/(Loss) Recognized in Income on  Derivatives
		Three Months Ended June 30,						Six Months Ended June 30,
Derivatives not designated as hedging instruments under ASC 815	Location of Gain/(Loss) Recognized in Income on Derivatives	2012			2011			2012			2011
		(In millions)
Foreign exchange contracts	Other income and (expense), net	$	0.1		$	0.1		$	0.1		$	—
Metal commodity contracts	Cost of materials sold		(0.2	)		(0.7	)		(0.1	)		(0.8	)
Natural gas commodity contracts	Warehousing, delivery, selling, general and administrative		—			—			—			(0.1	)
Total		$	(0.1	)	$	(0.6	)	$	—		$	(0.9	)

Summary of assets and liabilities measured and recorded at fair value

	At June 30, 2012
	Level 1		Level 2		Level 3
	(In millions)
Assets
Cash equivalents:
Commercial paper	$	8.2	$	—	$	—
Money market mutual fund		1.9		—		—
Total cash equivalents	$	10.1	$	—	$	—
Prepaid and other current assets:
Common stock—available-for-sale investment	$	11.7	$	—	$	—
Liabilities
Mark-to-market derivatives:
Commodity contracts	$	—	$	1.0	$	—

	At December 31, 2011
	Level 1		Level 2		Level 3
	(In millions)
Assets
Cash equivalents:
Commercial paper	$	13.1	$	—	$	—
Money market mutual fund		2.8		—		—
Total cash equivalents	$	15.9	$	—	$	—
Prepaid and other current assets:
Common stock—available-for-sale investment	$	10.4	$	—	$	—
Mark-to-market derivatives:
Commodity contracts	$	—	$	0.1	$	—
Liabilities
Mark-to-market derivatives:
Foreign exchange contracts	$	—	$	0.1	$	—
Commodity contracts		—		1.0		—
Total liability derivatives	$	—	$	1.1	$	—

Summary of carrying and estimated fair values of the Company's financial instruments

	At June 30, 2012				At December 31, 2011
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(In millions)
Cash and cash equivalents	$	33.5	$	33.5	$	61.3	$	61.3
Receivables less provision for allowances, claims and doubtful accounts		536.6		536.6		515.8		515.8
Accounts payable		282.4		282.4		245.0		245.0
Long-term debt, including current portion		1,017.4		1,017.0		1,023.6		1,020.0

Presentation of those assets that were measured and recorded at fair value on our Consolidated Balance Sheets on a non-recurring basis

	June 30, 2012
	Level 1		Level 2		Level 3
	(In millions)
Assets
Other current assets—assets held for sale	$	—	$	3.7	$	—

Summary of securities available-for-sale

	At June 30, 2012
	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In millions)
Common stock	$	14.8	$	—	$	(3.1	)	$	11.7

	At December 31, 2011
	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
	(In millions)
Common stock	$	14.8	$	—	$	(4.4	)	$	10.4