DERIVATIVE FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2013

Notional Amounts of Derivative Financial Instruments and Related Fair Values Measured on Recurring Basis

The notional amounts of derivative financial instruments and related fair values measured on a recurring basis and included in the condensed consolidated balance sheets were as follows:

	Notional Amounts				Fair Values
(in millions of U.S. dollars)	June 30, 2013		December 31, 2012		June 30, 2013			December 31, 2012			Balance Sheet Location
Derivatives designated as cash flow hedging instruments:
Interest rate swap contract	$	175.0	$	180.6	$	(4.3	)	$	(5.8	)	Accrued expenses / Other non-current liabilities
Foreign exchange contracts	9.8		6.4		0.1			0.1			Prepaid expenses
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts	—		4.7		—			0.3			Prepaid expenses
Total derivative financial instruments	$	184.8	$	191.7	$	(4.2	)	$	(5.4	)

Impact of Derivative Financial Instruments on Condensed Consolidated Financial Statements

The following tables summarize the impact of derivative financial instruments on the unaudited condensed consolidated financial statements for the indicated periods:

	Three Months Ended
	June 30,
	2013			2012			2013			2012			2013			2012
(in millions of U.S. Dollars)	Amount of Pre-tax Gain (Loss) Recognized in Earnings*						Amount of Pre-tax Gain (Loss) Recognized in OCI						Amount of Pre-tax Loss Reclassified from AOCI into Earnings*
Derivatives designated as cash flow hedging instruments:
Interest rate swap contract	$	—		$	—		$	0.1		$	(0.9	)	$	(0.7	)	$	—
Foreign exchange contracts	—			—			(0.3		)	—			—			—
Derivatives not receiving hedge accounting treatment:
Foreign exchange contracts	(0.2		)	(0.2		)	—			—			—			—
Total	$	(0.2	)	$	(0.2	)	$	(0.2	)	$	(0.9	)	$	(0.7	)	$	—
	Six Months Ended
	June 30,
	2013			2012			2013			2012			2013			2012
(in millions of U.S. Dollars)	Amount of Pre-tax Gain (Loss) Recognized in Earnings*						Amount of Pre-tax Gain (Loss) Recognized in OCI						Amount of Pre-tax Loss Reclassified from AOCI into Earnings*
Derivatives designated as cash flow hedging instruments:
Interest rate swap contract	$	—		$	—		$	0.1		$	(1.6	)	$	(1.4	)	$	—
Derivatives not receiving hedge accounting treatment:
Interest rate swap contracts	—			(0.1		)	—			—			—			—
Foreign exchange contracts	(0.3		)	0.9						—						—
Total	$	(0.3	)	$	0.8		$	0.1		$	(1.6	)	$	(1.4	)	$	—

* Amounts recognized in earnings related to interest rate swap contracts are included in interest expense in the unaudited condensed consolidated statements of income and amounts recognized in earnings related to foreign exchange contracts are included in cost of sales in the unaudited condensed consolidated statements of income.