Long-Term Debt (Tables)

9 Months Ended

Sep. 28, 2012

Schedule of Long-Term-Debt

(in millions)	September 28, 2012			December 31, 2011
North America
5.75% Senior Notes due 2022	$	600.0		$	—
Subordinated Convertible Notes due 2029	429.5			429.5
Debt discount on Subordinated Convertible Notes due 2029	(263.4		)	(264.4		)
1.00% Senior Convertible Notes due 2012	10.6			10.6
Debt discount on 1.00% Senior Convertible Notes due 2012	—			(0.5		)
0.875% Convertible Notes due 2013	355.0			355.0
Debt discount on 0.875% Convertible Notes due 2013	(25.5		)	(40.6		)
7.125% Senior Notes due 2017	200.0			200.0
Senior Floating Rate Notes	125.0			125.0
Revolving Credit Facility	—			34.9
Other	9.0			9.0
Europe and Mediterranean
Spanish Term Loans	16.9			31.4
Credit facilities	35.1			27.4
Uncommitted accounts receivable facilities	—			2.1
Other	12.2			11.5
Rest of World (“ROW”)
Credit facilities	192.7			118.0
Total debt	1,697.1			1,048.9
Less current maturities	231.3			156.3
Long-term debt	$	1,465.8		$	892.6

5.75% Senior Notes due 2022 [Member]

Schedule of Long-Term-Debt

The Company's 5.75% Senior Notes are summarized in the table below:

	5.75% Senior Notes
(in millions)	September 28, 2012		December 31, 2011
Face Value	$	600.0	$	—
Fair Value (Level 2)	610.5		—
Interest Rate	5.75%
Interest Payment	Semi-Annual: Apr 1 & Oct 1
Maturity Date	October 2022
Guarantee	Jointly and severally guaranteed by the Company's wholly owned U.S. and Canadian subsidiaries

		5.75% Senior Notes
	Beginning Date	Percentage
Call Option (1)	October 1, 2017	102.875	%
	October 1, 2018	101.917	%
	October 1, 2019	100.958	%
	October 1, 2020 and thereafter	100.000	%

(1) The Company may, at its option, redeem the 5.75% Senior Notes on or after the stated beginning dates at percentages noted above (plus accrued and unpaid interest). Additionally, the Company, may on or prior to October 1, 2015 redeem in the aggregate up to 35% of the aggregate principal amount of 5.75% Senior Notes issued with the cash proceeds from one or more equity offerings, at a redemption price in cash equal to 105.75% of the principal plus accrued and unpaid interest so long as (i) at least 65% of the aggregate principal amount of the 5.75% Senior Notes issued remains outstanding immediately after giving effect to any such redemption; and (ii) notice of any such redemption is given within 60 days after the date of the closing of any such equity offering. In addition, at any time prior to October 1, 2017, the Company may redeem some or all of the 5.75% Senior Notes at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest, plus a make whole premium.

Convertible Debt [Member]

Schedule of Long-Term-Debt

The Company’s convertible debt instruments outstanding as of September 28, 2012 and December 31, 2011 are as follows:

	Subordinated Convertible Notes						1.00% Senior Convertible Notes					0.875% Convertible Notes
(in millions)	September 28, 2012			December 31, 2011			September 28, 2012		December 31, 2011			September 28, 2012			December 31, 2011
Face value	$	429.5		$	429.5		$	10.6	$	10.6		$	355.0		$	355.0
Debt discount	(263.4		)	(264.4		)	—		(0.5		)	(25.5		)	(40.6		)
Book value	166.1			165.1			10.6		10.1			329.5			314.4
Fair value (Level 1)	461.7			412.3			10.6		9.8			351.9			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)	September 28, 2012			December 31, 2011			September 28, 2012			December 31, 2011
Face value	$	200.0		$	200.0		$	125.0		$	125.0
Fair value (Level 1)	207.3			198.5			122.5			117.5
Interest rate	7.125		%	7.125		%	2.7		%	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						Apr 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 accrued and unpaid interest.)

Spanish Term Loan [Member]

Schedule of Long-Term-Debt

The proceeds from the Spanish Term Loans were used to partially fund general working capital needs. There is no remaining availability under these Spanish Term Loans.

	Spanish Term Loans (1)
(in millions)	September 28, 2012			December 31, 2011
Outstanding borrowings	$	16.9		$	31.4
Fair value (Level 2)	17.2			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 and Feb	4.20	%
Term Loan 2	€	10.0	Apr 2008	Apr 2013	Euribor +0.75%	Semi-annual: Apr and Oct	4.58	%
Term Loan 3	€	21.0	Jun 2008	Jun 2013	Euribor +0.75%	Quarterly: Mar, Jun, Sept and Dec	4.48	%
Term Loan 4	€	15.0	Sep 2009	Aug 2014	Euribor +2.0%	Quarterly: Mar, Jun, Sept and Dec Principal payments: Feb and 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)	September 28, 2012		December 31, 2011
Outstanding borrowings	$	—	$	34.9
Undrawn availability	562.9		336.0
Interest rate	—		2.9		%
Outstanding letters of credit	$	18.7	$	20.2
Original issuance	Jul 2011
Maturity date	Jul 2017

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)	September 28, 2012			December 31, 2011
Outstanding borrowings	$	35.1		$	27.4
Undrawn availability	54.7			108.8
Interest rate – weighted average	4.3		%	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)	September 28, 2012		December 31, 2011
Outstanding borrowings	$	—	$	2.1
Undrawn availability	77.8		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)	September 28, 2012			December 31, 2011
Outstanding borrowings	$	192.7		$	118.0
Undrawn availability	269.2			270.1
Interest rate – weighted average	4.2		%	3.8		%
Maturity date	Various