Long-Term Debt (Tables)

6 Months Ended

Jun. 29, 2012

Schedule of Long-Term-Debt

(in millions)	June 29, 2012			December 31, 2011
North America
Subordinated Convertible Notes due 2029	$	429.5		$	429.5
Debt discount on Subordinated Convertible Notes due 2029	(263.7		)	(264.4		)
1.00% Senior Convertible Notes due 2012	10.6			10.6
Debt discount on 1.00% Senior Convertible Notes due 2012	(0.2		)	(0.5		)
0.875% Convertible Notes due 2013	355.0			355.0
Debt discount on 0.875% Convertible Notes due 2013	(30.7		)	(40.6		)
7.125% Senior Notes due 2017	200.0			200.0
Senior Floating Rate Notes	125.0			125.0
Revolving Credit Facility	61.3			34.9
Other	9.0			9.0
Europe and Mediterranean
Spanish Term Loans	22.4			31.4
Credit facilities	30.3			27.4
Uncommitted accounts receivable facilities	—			2.1
Other	11.7			11.5
Rest of World (“ROW”)
Credit facilities	186.7			118.0
Total debt	1,146.9			1,048.9
Less current maturities	228.7			156.3
Long-term debt	$	918.2		$	892.6

Convertible Debt [Member]

Schedule of Long-Term-Debt

The Company’s convertible debt instruments outstanding as of June 29, 2012 and December 31, 2011 are as follows:

	Subordinated Convertible Notes						1.00% Senior Convertible Notes						0.875% Convertible Notes
(in millions)	June 29, 2012			December 31, 2011			June 29, 2012			December 31, 2011			June 29, 2012			December 31, 2011
Face value	$	429.5		$	429.5		$	10.6		$	10.6		$	355.0		$	355.0
Debt discount	(263.7		)	(264.4		)	(0.2		)	(0.5		)	(30.7		)	(40.6		)
Book value	165.8			165.1			10.4			10.1			324.3			314.4
Fair value	422.8			412.3			10.6			9.8			339.7			329.7
Maturity date	Nov 2029						Oct 2012						Nov 2013
Stated annual interest rate	4.50% until Nov 2019 2.25% until Nov 2029						1.00% until Oct 2012						0.875% until Nov 2013
Interest payments	Semi-annually: May 15 & Nov 15						Semi-annually: Apr 15 & Oct 15						Semi-annually: May 15 & Nov 15

7.125% Senior Notes and Senior Floating Rate Notes [Member]

Schedule of Long-Term-Debt

An exchange offer commenced on June 11, 2007 and was completed on July 26, 2007 to replace the unregistered Notes with registered Notes with like terms pursuant to an effective Registration Statement on Form S-4.

	7.125% Senior Notes						Senior Floating Rate Notes
(in millions)	June 29, 2012			December 31, 2011			June 29, 2012			December 31, 2011
Face value	$	200.0		$	200.0		$	125.0		$	125.0
Fair value	204.5			198.5			117.2			117.5
Interest rate	7.125		%	7.125		%	2.8		%	3.0		%
Interest payment	Semi-annually: Apr 1 & Oct 1						3-month LIBOR rate plus 2.375% Quarterly: Jan 1, Apr 1, Jul 1 & Oct 1
Maturity date	Apr 2017						Jul 2015
Guarantee	Jointly and severally guaranteed by the Company’s wholly-owned U.S. and Canadian  subsidiaries
Call Option(1)	Beginning Date			Percentage			Beginning Date			Percentage
	April 1, 2012			103.563		%	April 1, 2009			102.0		%
	April 1, 2013			102.375		%	April 1, 2010			101.0		%
	April 1, 2014			101.188		%	April 1, 2011			100.0		%
	April 1, 2015			100.000		%

(1) The Company may, at its option, redeem the Notes on or after the stated beginning dates at percentages noted above (plus interest due)

Spanish Term Loan [Member]

Schedule of Long-Term-Debt

The proceeds from the Spanish Term Loans were used to partially fund the acquisition of Enica Biskra and for general working capital purposes. There is no remaining availability under these Spanish Term Loans.

	Spanish Term Loans (1)
(in millions)	June 29, 2012			December 31, 2011
Outstanding borrowings	$	22.4		$	31.4
Fair value	22.6			32.0
Interest rate – weighted average (2)	3.7		%	3.7		%

(1)  The terms of the Spanish Term Loans are as follows:

(in millions)	Original Amount		Issuance Date	Maturity Date	Interest Rate	Loan and Interest Payable	Interest Rate Swap (2)
Term Loan 1	€	20.0	Feb 2008	Feb 2013	Euribor +0.5%	Semi-annual: Aug & Feb	4.2	%
Term Loan 2	€	10.0	Apr 2008	Apr 2013	Euribor +0.75%	Semi-annual: Apr & Oct	4.58	%
Term Loan 3	€	21.0	Jun 2008	Jun 2013	Euribor +0.75%	Quarterly: Mar, Jun, Sept & Dec	4.48	%
Term Loan 4	€	15.0	Sep 2009	Aug 2014	Euribor +2.0%	Quarterly: Mar, Jun, Sept & Dec Principal payments: Feb & Aug	1.54	%

(2) The Company entered into fixed interest rate swaps to coincide with the terms and conditions of the term loans that will effectively hedge the variable interest rate with a fixed interest rate.

Asset Based Revolving Credit Facility [Member]

Schedule Of Credit Facilities

The Company’s Revolving Credit Facility is summarized in the table below:

	Revolving Credit Facility
(in millions)	June 29, 2012			December 31, 2011
Outstanding borrowings	$	61.3		$	34.9
Undrawn availability	301.3			336.0
Interest rate	1.8		%	2.9		%
Outstanding letters of credit	$	18.9		$	20.2
Original issuance	Jul 2011
Maturity date	Jul 2016

Europe And Mediterranean Credit Facilities [Member]

Schedule Of Credit Facilities

The Company’s Europe and Mediterranean credit facilities are summarized in the table below:

	Europe and Mediterranean Credit Facilities
(in millions)	June 29, 2012			December 31, 2011
Outstanding borrowings	$	30.3		$	27.4
Undrawn availability	95.7			108.8
Interest rate – weighted average	5.3		%	5.2		%
Maturity date	Various

Europe And Mediterranean Uncommitted Accounts Receivable Facilities [Member]

Schedule Of Credit Facilities

The Company’s Europe and Mediterranean uncommitted accounts receivable facilities are summarized in the table below:

	Uncommitted Accounts Receivable Facilities
(in millions)	June 29, 2012		December 31, 2011
Outstanding borrowings	$	—	$	2.1
Undrawn availability	76.6		69.2
Interest rate – weighted average	—		2.0		%
Maturity date	Various

Rest Of World Row Credit Facilities [Member]

Schedule Of Credit Facilities

The Company’s ROW credit facilities are summarized in the table below:

	ROW Credit Facilities
(in millions)	June 29, 2012			December 31, 2011
Outstanding borrowings	$	186.7		$	118.0
Undrawn availability	270.5			270.1
Interest rate – weighted average	4.1		%	3.8		%
Maturity date	Various