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Derivatives (Tables)
9 Months Ended
Sep. 30, 2011
Derivative Instruments and Hedges, Assets [Abstract] 
Schedule Of Derivative Instruments
The following table summarizes the Company’s outstanding derivative instruments and their effects on the Condensed Consolidated Balance Sheets as of September 30, 2011 and December 31, 2010 (in millions):
 
 
 
 
Assets
 
 
 
Liabilities
Derivatives designated as hedging instruments
 
Balance Sheet Location
 
September 30, 2011
 
December 31, 2010
 
Balance Sheet Location
 
September 30, 2011
 
December 31, 2010
Interest rate swaps
 
Other noncurrent
assets
 
$
35.4

 
$
42.3

 
Other noncurrent liabilities
 
$

 
$

Foreign exchange contracts on inventory-related purchases
 
Prepaid expenses and other
 
1.3

 
1.4

 
Other accrued liabilities
 

 
2.0

Foreign exchange contracts on intercompany borrowings
 
Prepaid expenses and other
 

 
1.2

 
Other accrued liabilities
 
0.5

 

Total assets
 
 
 
$
36.7

 
$
44.9

 
Total liabilities
 
$
0.5

 
$
2.0

Schedule Of Pretax Effects Of Derivative Instruments Designated As Fair Value Hedges
The following table presents the pretax effects of derivative instruments designated as fair value hedges on the Company’s Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2011 and 2010 (in millions):
Derivatives in fair value relationships
 
Location of gain (loss)
recognized in income
 
Amount of gain (loss) recognized in  income
Three Months Ended
 
    Nine Months Ended
September 30,
 
September 30,
2011
 
2010
 
2011
 
2010
Interest rate swaps
 
Interest expense, net
 
$
16.6

 
$
20.2

 
$
15.8

 
$
55.8

Fixed-rate debt
 
Interest expense, net
 
$
(16.6
)
 
$
(20.2
)
 
$
(15.8
)
 
$
(55.8
)
Schedule Of Cash Flow Hedges Recognized In Accumulated Other Comprehensive Income
The following table presents the pretax effects of derivative instruments designated as cash flow hedges on the Company’s Condensed Consolidated Statements of Operations and AOCI for the three and nine months ended September 30, 2011 and 2010 (in millions):
Derivatives in cash flow hedging relationships
Location of gain (loss)
recognized in income
 
Amount of gain (loss) reclassified from AOCI into income
Three Months Ended
 
Nine Months Ended
September 30,
 
September 30,
2011
 
2010
 
2011
 
2010
Foreign exchange contracts on inventory-related purchases
Cost of products sold
 
$
(1.5
)
 
$
(0.4
)
 
$
(6.2
)
 
$
(0.6
)
Foreign exchange contracts on intercompany borrowings
Interest expense, net
 
(0.3
)
 
0.2

 
(0.6
)
 
0.4

 
 
 
$
(1.8
)
 
$
(0.2
)
 
$
(6.8
)
 
$
(0.2
)
Derivatives in cash flow hedging relationships
 
Location of gain (loss)
recognized in income
 
Amount of gain (loss) recognized in AOCI
Three Months Ended
 
Nine Months Ended
September 30,
 
September 30,
2011
 
2010
 
2011
 
2010
Foreign exchange contracts on inventory-related purchases
 
Cost of products sold
 
$
2.5

 
$
(2.8
)
 
$
(4.5
)
 
$
(0.8
)
Foreign exchange contracts on intercompany borrowings
 
Interest expense, net
 
2.9

 
(3.8
)
 
0.8

 
2.3

 
 
 
 
$
5.4

 
$
(6.6
)
 
$
(3.7
)
 
$
1.5