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Stockholders' Equity And Accumulated Other Comprehensive Income (Loss)
 3 Months Ended
Mar. 31, 2013
Stockholders' Equity Note [Abstract]  
Stockholders' Equity And Accumulated Other Comprehensive Income (Loss)
Stockholders’ Equity and Accumulated Other Comprehensive Loss
In August 2011, the Company announced a $300.0 million three-year share repurchase program (the "SRP"). Under the SRP, the Company may repurchase its own shares of common stock through a combination of a 10b5-1 automatic trading plan, discretionary market purchases or in privately negotiated transactions. The SRP is authorized to run for a period of three years ending in August 2014. During the three months ended March 31, 2013, the Company repurchased 1.4 million shares pursuant to the SRP for $33.8 million, and such shares were immediately retired. Since the commencement of the SRP through March 31, 2013, the Company has repurchased and retired 9.7 million shares at an aggregate cost of $171.4 million.

The following table displays the changes in accumulated other comprehensive loss by component for the three months ended March 31, 2013 (in millions):
 
Foreign Currency Translation Loss (1)
 
Unrecognized
Pension & Other
Postretirement
Costs, Net of Tax
 
Derivative Hedging Loss, Net of Tax
 
Accumulated Other    
Comprehensive Loss    
Balance at December 31, 2012
$
(166.5
)
 
$
(621.1
)
 
$
(1.4
)
 
$
(789.0
)
Other comprehensive (loss) income before reclassifications
(35.3
)
 
7.1

 
0.9

 
(27.3
)
Amounts reclassified to earnings
—

 
5.5

 
(0.2
)
 
5.3

Net current period other comprehensive (loss) income
(35.3
)
 
12.6

 
0.7

 
(22.0
)
Balance at March 31, 2013
$
(201.8
)
 
$
(608.5
)
 
$
(0.7
)
 
$
(811.0
)

(1) Includes foreign exchange losses of $10.7 million arising during the three months ended March 31, 2013, associated with intercompany loans designated as long-term.

The following table depicts reclassifications out of accumulated other comprehensive loss to earnings for the three months ended March 31, 2013 (in millions):
 
 
Amount Reclassified to Earnings as Expense (Benefit)
 
Affected Line Item in the Condensed Consolidated Statements of Operations
Unrecognized pension and other postretirement costs:
 
 
 
 
Prior service benefit
 
$
(0.2
)
 
(2) 
Actuarial loss
 
8.4

 
(2) 
Total before tax
 
8.2

 
 
Tax effect
 
(2.7
)
 
 
Net of tax
 
$
5.5

 
 
Derivatives:
 
 
 
 
Foreign exchange contracts on inventory-related purchases
 
$
(0.5
)
 
Cost of products sold
Forward interest rate swaps
 
0.2

 
Interest expense, net
Total before tax
 
(0.3
)
 
 
Tax effect
 
0.1

 
 
Net of tax
 
$
(0.2
)
 
 

(2) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and other postretirement benefit costs, which are recorded in the cost of products sold and selling, general and administrative expenses line-items in the Condensed Consolidated Statements of Operations for the three months ended March 31, 2013. See Footnote 8 for further details.