DERIVATIVE FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2012

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)	September 30, 2012		December 31, 2011		September 30, 2012			December 31, 2011			Balance Sheet Location
Derivatives designated as cash flow hedging instruments:
Interest rate swap contract	$	183.4	$	186.3	$	(6.5	)	$	(4.6	)	Accrued expenses / Other non-current liabilities
Derivatives not receiving hedge accounting treatment:
Interest rate swap contract	—		140.0		—			(0.8		)	Accrued expenses
Foreign exchange contracts	7.9		11.7		0.4			(1.0		)	Prepaid expenses and other / Accrued expenses
Total derivative financial instruments	$	191.3	$	338.0	$	(6.1	)	$	(6.4	)

Impact of Derivative Financial Instruments on Condensed Consolidated Financial Statements

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

	Three Months Ended
	September 30,
	2012		2011			2012			2011			2012			2011
(in millions of U.S. Dollars)	Amount of Pre-tax Loss Recognized in Earnings*					Amount of Pre-tax 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	$	—	$	—		$	(1.0	)	$	(4.5	)	$	(0.7	)	$	—
Derivatives not receiving hedge accounting treatment:
Interest rate swap contracts	$	—	$	0.1		$	—		$	—		$	—		$	—
Foreign exchange contracts	0.5		(2.0		)	—			—			—			—
	$	0.5	$	(1.9	)	$	(1.0	)	$	(4.5	)	$	(0.7	)	$	—

	Nine Months Ended
	September 30,
	2012			2011			2012			2011			2012			2011
(in millions of U.S. Dollars)	Amount of Pre-tax Gain (Loss) Recognized in Earnings*						Amount of Pre-tax 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	$	—		$	—		$	(2.6	)	$	(4.9	)	$	(0.7	)	$	(5.0	)
Derivatives not receiving hedge accounting treatment:
Interest rate swap contracts	$	(0.1	)	$	—		$	—		$	—		$	—		$	—
Foreign exchange contracts	1.4			(2.0		)	—			—			—			—
	$	1.3		$	(2.0	)	$	(2.6	)	$	(4.9	)	$	(0.7	)	$	(5.0	)

 * 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.