Derivatives (Tables)

12 Months Ended

Dec. 31, 2013

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, 2013 and 2012 (in millions):

		Assets					Liabilities
Derivatives designated as hedging instruments	Balance Sheet Location	2013		2012		Balance Sheet Location	2013		2012
Interest rate swaps	Other assets	$	23.1	$	38.9	Other noncurrent liabilities	$	35.5	$	7.2
Foreign exchange contracts on inventory-related purchases	Prepaid expenses and other	2.9		0.5		Other accrued liabilities	1.2		0.2
Foreign exchange contracts on intercompany borrowings	Prepaid expenses and other	—		—		Other accrued liabilities	0.2		1.1
Total assets		$	26.0	$	39.4	Total liabilities	$	36.9	$	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 2013, 2012 and 2011 were as follows (in millions):

Derivatives in fair value relationships	Location of gain (loss) recognized in income	Amount of gain (loss) recognized in income
		2013			2012			2011
Interest rate swaps	Interest expense, net	$	(44.1	)	$	(4.0	)	$	16.2
Fixed-rate debt	Interest expense, net	$	44.1		$	4.0		$	(16.2	)

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 2013, 2012 and 2011 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
		2013			2012			2011
Foreign exchange contracts on inventory-related purchases	Cost of products sold	$	3.8		$	(0.1	)	$	(5.1	)
Foreign exchange contracts on intercompany borrowings	Interest expense, net	—			(0.1		)	(0.7		)
Forward interest rate swaps	Interest expense, net	(0.7		)	(0.1		)	—
Commodity swap	Cost of products sold	—			(2.9		)	—
		$	3.1		$	(3.2	)	$	(5.8	)

Derivatives in cash flow hedging relationships	Amount of gain (loss) recognized in AOCI
	2013			2012			2011
Foreign exchange contracts on inventory-related purchases	$	5.2		$	(1.7	)	$	(2.8	)
Foreign exchange contracts on intercompany borrowings	(0.6		)	(2.1		)	1.8
Forward interest rate swaps	—			(2.5		)	—
Commodity swap	—			(2.9		)	—
	$	4.6		$	(9.2	)	$	(1.0	)