Basis of Presentation (Tables)

6 Months Ended

Jun. 30, 2012

Accounting Policies [Abstract]

Schedule of Reclassifications

In August 2011, the Company completed the acquisition of VAC and formed the Magnetic Technologies segment for that business. In the Fourth Quarter of 2012, the Company, as a result of enhancing its financial planning and analysis efforts, discovered that a portion of Magnetic Technologies' Cost of goods sold were misclassified in Selling, general and administrative expenses since the acquisition when the business converted the basis of its financial reporting from International Financial Reporting Standards to US GAAP. The Company is correcting the classification of these expenses by restating its Quarterly Reports on Form 10-Q filed during 2012. The reclassification has no impact on previously-reported net sales, operating profit, net income, or net income per share on the Company's Condensed Statements of Consolidated Operations, nor does it have any effect on the Company's previously-reported Condensed Consolidated Balance Sheets, Statements of Consolidated Comprehensive Income (Loss), Condensed Statements of Consolidated Cash Flows, Condensed Statements of Consolidated Total Equity or segment net sales and operating profit. The line items that have been amended and restated are set forth below.

	Reported		Restated		Reported		Restated
(in millions)	Three Months Ended June 30, 2012		Three Months Ended June 30, 2012		Six Months Ended June 30, 2012		Six Months Ended June 30, 2012
Cost of products sold	$	380.3	$	393.3	$	733.7	$	760.2
Gross profit	56.2		43.1		169.0		142.4
SG&A expenses	78.3		65.3		156.7		130.2