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Derivatives (Tables)
12 Months Ended
Dec. 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 Consolidated Balance Sheets as of December 31, 2012 and 2011 (in millions):
 
 
 
 
Assets
 
 
 
Liabilities
Derivatives designated as hedging instruments
 
Balance Sheet Location
 
2012
 
2011
 
Balance Sheet Location
 
2012
 
2011
Interest rate swaps
 
Other assets
 
$
38.9

 
$
35.8

 
Other noncurrent liabilities
 
$
7.2

 
$

Foreign exchange contracts on inventory-related purchases
 
Prepaid expenses and other
 
0.5

 
1.9

 
Other accrued liabilities
 
0.2

 

Foreign exchange contracts on intercompany borrowings
 
Prepaid expenses and other
 

 
0.5

 
Other accrued liabilities
 
1.1

 

Total assets
 
 
 
$
39.4

 
$
38.2

 
Total liabilities
 
$
8.5

 
$

Schedule Of Pretax Effects Of Derivative Instruments Designated As Fair Value Hedges
The pretax effects of derivative instruments designated as fair value hedges on the Company’s Consolidated Statements of Operations for 2012, 2011 and 2010 were as follows (in millions):
Derivatives in fair value relationships
Location of gain (loss)
recognized in income
 
Amount of gain (loss) recognized in income
 
2012
 
2011
 
2010
Interest rate swaps
Interest expense, net
 
$
(4.0
)
 
$
16.2

 
$
23.9

Fixed-rate debt
Interest expense, net
 
$
4.0

 
$
(16.2
)
 
$
(23.9
)
Schedule Of Cash Flow Hedges Recognized In Accumulated Other Comprehensive Income
The pretax effects of derivative instruments designated as cash flow hedges on the Company’s Consolidated Statements of Operations and AOCI for 2012, 2011 and 2010 were as follows (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
 
2010
Foreign exchange contracts on inventory-related purchases
 
Cost of products sold
 
$
(0.1
)
 
$
(5.1
)
 
$
(1.8
)
Foreign exchange contracts on intercompany borrowings
 
Interest expense, net
 
(0.1
)
 
(0.7
)
 
0.5

Forward interest rate swaps
 
Interest expense, net
 
(0.1
)
 

 

Commodity swap
 
Cost of products sold
 
(2.9
)
 

 

 
 
 
 
$
(3.2
)
 
$
(5.8
)
 
$
(1.3
)
Derivatives in cash flow hedging relationships
 
Amount of gain (loss) recognized in AOCI
 
2012
 
2011
 
2010
Foreign exchange contracts on inventory-related purchases
 
$
(1.7
)
 
$
(2.8
)
 
$
(1.4
)
Foreign exchange contracts on intercompany borrowings
 
(2.1
)
 
1.8

 
4.3

Forward interest rate swaps
 
(2.5
)
 

 

Commodity swap
 
(2.9
)
 

 

 
 
$
(9.2
)
 
$
(1.0
)
 
$
2.9