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Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2012
Derivative [Line Items]  
Schedule of Fair Values Of Derivative Instruments
Fair values of derivative instruments as of June 30, 2012 and December 31, 2011 were (in millions):

 
June 30, 2012
 
Prepaid
Expenses
 
Other
Noncurrent
Assets
 
Hedging
Obligations
(current)
 
Hedging
Obligations
Designated as hedging instruments:
 
 
 
 
 
 
 
Interest rate swap contracts
$
—

 
$
—

 
$
—

 
$
39.5

Foreign exchange contracts
3.1

 
2.8

 
8.0

 
3.7

Commodity contracts
2.2

 
0.1

 
4.8

 
0.3

Not designated as hedging instruments:
 
 
 
 
 
 
 
Commodity contracts
0.3

 
—

 
0.7

 
—

Total Derivatives
$
5.6

 
$
2.9

 
$
13.5

 
$
43.5

 
 
December 31, 2011
 
Prepaid
Expenses
 
Other
Noncurrent
Assets
 
Hedging
Obligations
(current)
 
Hedging
Obligations
Designated as hedging instruments:
 
 
 
 
 
 
 
Interest rate swap contracts
$
—

 
$
—

 
$
—

 
$
42.0

Foreign exchange contracts
0.4

 
0.1

 
13.6

 
11.7

Commodity contracts
2.1

 
1.0

 
12.2

 
1.4

Not designated as hedging instruments:
 
 
 
 
 
 
 
Foreign exchange contracts
0.1

 
—

 
—

 
—

Commodity contracts
0.2

 
—

 
0.3

 
—

Total Derivatives
$
2.8

 
$
1.1

 
$
26.1

 
$
55.1
Commodity Forward Contracts [Member]
  
Derivative [Line Items]  
Schedule of Notional Amounts Of Forward Contracts
As of June 30, 2012, the Company had outstanding the following commodity forward contracts (with maturities extending through September 2013) to hedge forecasted purchases of commodities (notional amounts expressed in terms of the dollar value of the hedged item in millions):

 
Notional
Amount
Copper
$
141.0

Aluminum
8.7
Currency Forward Contracts [Member]
  
Derivative [Line Items]  
Schedule of Notional Amounts Of Forward Contracts
As of June 30, 2012, the Company had outstanding the following currency forward contracts (with maturities extending through December 2014) to hedge forecasted foreign currency cash flows (in millions):

 
Notional
Amount
Mexican Peso
$
216.2

Chinese Renminbi
156.4

Indian Rupee
45.5

Thai Baht
12.3
Derivative Designated As Cash Flow Hedging Instruments [Member]
  
Derivative [Line Items]  
Schedule of Cash Flow Hedging Instruments
The effect of derivative instruments on the Condensed Consolidated Statements of Equity and Comprehensive Income for the three and six months ended June 30, 2012 and July 2, 2011, was (in millions):






Derivatives Designated as Cash Flow Hedging Instruments
 
 
Three Months Ended
 
June 30, 2012
 
July 2, 2011
 
Commodity
Forwards
 
Currency
Forwards
 
Interest
Rate
Swaps
 
Total
 
Commodity
Forwards
 
Currency
Forwards
 
Interest
Rate
Swaps
 
Total
Gain (Loss) recognized in Other Comprehensive Income (Loss)
$
(11.5
)
 
$
(26.3
)
 
$
(3.0
)
 
$
(40.8
)
 
$
1.7

 
$
3.3

 
$
(6.4
)
 
$
(1.4
)
Amounts reclassified from Other Comprehensive Income (Loss):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gain (Loss) recognized in Net Sales
—

 
(0.7
)
 
—

 
(0.7
)
 
—

 
0.2

 
—

 
0.2

Gain (Loss) recognized in Cost of Sales
(0.7
)
 
(0.5
)
 
—

 
(1.2
)
 
8.9

 
2.4

 
—

 
11.3

Loss recognized in Interest Expense
—

 
—

 
(3.4
)
 
(3.4
)
 
—

 
—

 
(3.2
)
 
(3.2
)

 
Six Months Ended
 
June 30, 2012
 
July 2, 2011
 
Commodity
Forwards
 
Currency
Forwards
 
Interest
Rate
Swaps
 
Total
 
Commodity
Forwards
 
Currency
Forwards
 
Interest
Rate
Swaps
 
Total
Gain (Loss) recognized in Other Comprehensive Income (Loss)
$
3.8

 
$
15.1

 
$
(4.2
)
 
$
14.7

 
$
(0.2
)
 
$
8.6

 
$
(5.7
)
 
$
2.7

Amounts reclassified from Other Comprehensive Income (Loss):
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gain (Loss) recognized in Net Sales
—

 
(1.0
)
 
—

 
(1.0
)
 
—

 
0.4

 
—

 
0.4

Gain (Loss) recognized in Cost of Sales
(6.5
)
 
(0.4
)
 
—

 
(6.9
)
 
17.1

 
2.9

 
—

 
20.0

Loss recognized in Interest Expense
—

 
—

 
(6.8
)
 
(6.8
)
 
—

 
—

 
(6.4
)
 
(6.4
)
Derivative Not Designated As Cash Flow Hedging Instruments [Member]
  
Derivative [Line Items]  
Schedule of Cash Flow Hedging Instruments
Derivatives Not Designated as Cash Flow Hedging Instruments
 
Three Months Ended
 
Six Months Ended
 
June 30, 2012
 
July 2, 2011
 
June 30, 2012
 
July 2, 2011
 
Commodity Forwards
 
Currency Forwards
 
Commodity Forwards
 
Currency Forwards
 
Commodity Forwards
 
Currency Forwards
 
Commodity Forwards
 
Currency Forwards
Gain recognized in Net Sales
$
—

 
$
0.3

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

Gain (Loss) recognized in Cost of Sales
(0.3
)
 
0.5

 
(2.0
)
 
(6.0
)
 
(0.3
)
 
0.6

 
(0.2
)
 
(0.9
)