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Fair Value (Tables)
6 Months Ended
Jun. 30, 2012
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets And Liabilities at Fair Value
The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2012 and December 31, 2011 (in millions):
 
 
June 30,
2012
 
December 31,
2011
 
Classification
Assets:
 
 
 
 
 
Prepaid Expenses and Other Current Assets:
 
 
 
 
 
Derivative Currency Contracts
$
3.1

 
$
0.5

 
Level 2
Derivative Commodity Contracts
2.5

 
2.6

 
Level 2
Other Noncurrent Assets:
 
 
 
 
 
Derivative Currency Contracts
2.8

 
0.1

 
Level 2
Derivative Commodity Contracts
0.1

 
1.0

 
Level 2
Liabilities:
 
 
 
 
 
Other Accrued Expenses:
 
 
 
 
 
Deferred Contingent Purchase Price
$
3.1

 
$
2.0

 
Level 3
Hedging Obligations Current:
 
 
 
 
 
Derivative Currency Contracts
8.0

 
13.6

 
Level 2
Derivative Commodity Contracts
5.5

 
12.5

 
Level 2
Hedging Obligations:
 
 
 
 
 
Interest Rate Swap
39.5

 
42.0

 
Level 2
Derivative Currency Contracts
3.7

 
11.7

 
Level 2
Derivative Commodity Contracts
0.3

 
1.4

 
Level 2
Other Noncurrent Liabilities:
 
 
 
 
 
Deferred Contingent Purchase Price
20.1

 
21.5

 
Level 3
Summary of Changes In Fair Market Value of Company's Level 3 Liabilities
The table below sets forth a summary of changes in fair market value of the Company’s Level 3 liabilities for the three and six months ended June 30, 2012 and July 2, 2011 (in millions):

 
Three Months Ended
 
Six Months Ended
 
June 30,
2012
 
July 2,
2011
 
June 30,
2012
 
July 2,
2011
Beginning Balance
$
23.8

 
$
9.2

 
$
23.5

 
$
11.0

Valuation Adjustments
0.3

 

 
0.6

 
(1.8
)
Acquisitions

 
16.7

 

 
16.7

Payments
(0.9
)
 

 
(0.9
)
 

Ending Balance
$
23.2

 
$
25.9

 
$
23.2

 
$
25.9