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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 28, 2012
Sep. 30, 2011
Sep. 28, 2012
Sep. 30, 2011
Income Statement [Abstract]        
Net sales $ 1,512.6 [1] $ 1,491.1 [1] $ 4,437.3 [1] $ 4,462.3 [1]
Cost of sales 1,347.2 [1] 1,347.4 [1] 3,949.1 [1] 3,986.2 [1]
Gross profit 165.4 [1] 143.7 [1] 488.2 [1] 476.1 [1]
Selling, general and administrative expenses 95.2 [1] 93.7 [1] 296.1 [1] 283.2 [1]
Operating income 70.2 [1] 50.0 [1] 192.1 [1] 192.9 [1]
Other income (expense) 9.3 [1] (31.5) [1] 2.6 [1] (28.4) [1]
Interest income (expense):        
Interest expense (25.0) [1] (25.4) [1] (74.9) [1] (73.0) [1]
Interest income 1.3 [1] 2.2 [1] 4.6 [1] 6.2 [1]
Interest income (expense), total (23.7) [1] (23.2) [1] (70.3) [1] (66.8) [1]
Income before income taxes 55.8 [1] (4.7) [1] 124.4 [1] 97.7 [1]
Income tax (provision) benefit (76.8) [1] (4.1) [1] (99.8) [1] (41.3) [1]
Equity in earnings of affiliated companies 0.5 [1] 0.8 [1] 1.0 [1] 2.2 [1]
Net income including non-controlling interest (20.5) [1] (8.0) [1] 25.6 [1] 58.6 [1]
Less: preferred stock dividends 0.1 [1] 0.1 [1] 0.3 [1] 0.3 [1]
Less: net income attributable to non-controlling interest 2.3 [1],[2] 0.3 [1],[2] 5.6 [1],[2] 0.6 [1],[2]
Net income (loss) attributable to Company common shareholders (22.9) [1],[3] (8.4) [1],[3] 19.7 [1],[3] 57.7 [1],[3]
Earnings per share        
Earnings (loss) per common share - basic $ (0.46) [4] $ (0.16) [1],[4] $ 0.40 [4] $ 1.11 [1],[4]
Weighted average common shares-basic 49.7 [5] 52.2 [1],[5] 49.8 [5] 52.2 [1],[5]
Earnings (loss) per common share - assuming dilution $ (0.46) [1] $ (0.16) [1] $ 0.39 [1] $ 1.07 [1]
Weighted average common shares - assuming dilution 49.7 [1],[5] 52.2 [1],[5] 51.2 [1],[5] 54.2 [1],[5]
Comprehensive income (loss):        
Net income (loss) (20.5) [1] (8.0) [1] 25.6 [1] 58.6 [1]
Currency translation gain (loss) 20.8 [1] (88.1) [1] 4.0 [1] (23.3) [1]
Defined benefit plan adjustments, net of tax of an immaterial amount in three and nine months ended September 28, 2012 and September 30, 2011 0 [1] 0 [1] (2.1) [1] 0 [1]
Change in fair value of derivatives, net of tax of $3.1 and $3.5 million in three and nine months ended September 28, 2012 and $16.8 and $19.0 million in three and nine months ended September 30, 2011 4.1 [1] (49.7) [1] 6.7 [1] (69.7) [1]
Comprehensive income (loss), net of tax 4.4 [1] (145.8) [1] 34.2 [1] (34.4) [1]
Comprehensive income (loss) attributable to non-controlling interest, net of tax 3.3 [1] (3.3) [1] 6.9 [1] (2.4) [1]
Comprehensive income (loss) attributable to Company common shareholders interest, net of tax $ 1.1 [1] $ (142.5) [1] $ 27.3 [1] $ (32.0) [1]
[1] See Note 23 - Restatement of Condensed Consolidated Financial Statements
[2] Net income before preferred stock dividend payments.
[3] Numerator
[4] Under the two-class method, earnings (loss) per share – basic reflects undistributed earnings per share for both common stock and unvested share-based payment awards (restricted stock).
[5] Denominator