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Derivatives (Tables)
3 Months Ended
Mar. 31, 2012
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 March 31, 2012 and December 31, 2011 (in millions):
 
 
 
 
Assets
 
 
 
Liabilities
Derivatives designated as hedging instruments
 
Balance Sheet Location
 
March 31, 2012
 
December 31, 2011
 
Balance Sheet Location
 
March 31, 2012
 
December 31, 2011
Interest rate swaps
 
Other assets
 
$
33.3

 
$
35.8

 
Other noncurrent liabilities
 
$

 
$

Foreign exchange contracts on inventory-related purchases
 
Prepaid expenses and other
 
0.4

 
1.9

 
Other accrued liabilities
 
0.4

 

Foreign exchange contracts on intercompany borrowings
 
Prepaid expenses and other
 
0.1

 
0.5

 
Other accrued liabilities
 
0.1

 

Total assets
 
 
 
$
33.8

 
$
38.2

 
Total liabilities
 
$
0.5

 
$

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 months ended March 31, (in millions):
Derivatives in fair value relationships
 
Location of gain (loss)
recognized in income
 
Amount of gain (loss) recognized in  income
2012
 
2011
Interest rate swaps
 
Interest expense, net
 
$
(2.5
)
 
$
(8.6
)
Fixed-rate debt
 
Interest expense, net
 
$
2.5

 
$
8.6

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 months ended March 31, (in millions):
Derivatives in cash flow hedging relationships
Location of gain (loss)
recognized in income
 
Amount of gain (loss) reclassified from AOCI into income
2012
 
2011
Foreign exchange contracts on inventory-related purchases
Cost of products sold
 
$
0.2

 
$
(1.6
)
Foreign exchange contracts on intercompany borrowings
Interest expense, net
 
(0.1
)
 
(0.1
)
 
 
 
$
0.1

 
$
(1.7
)
Derivatives in cash flow hedging relationships
 
Amount of gain (loss) recognized in AOCI
2012
 
2011
Foreign exchange contracts on inventory-related purchases
 
$
(1.7
)
 
$
(5.3
)
Foreign exchange contracts on intercompany borrowings
 
(1.3
)
 
(1.9
)
 
 
$
(3.0
)
 
$
(7.2
)