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Derivative Instruments and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2012
Derivative Instruments and Hedging Activities [Abstract]  
Schedule of Other Comprehensive Income and Earnings from Foreign Exchange Contracts
The impact on accumulated other comprehensive income (AOCI) and earnings from foreign exchange contracts that qualified as cash flow hedges, for the three and nine months ended September 30, 2012 and 2011 are as follows:
 
 
Three months ended
 
Nine months ended
 
September 30,
 
September 30,
 
2012
 
2011
 
2012
 
2011
Gain (loss) recognized in AOCI, net of tax
$
(10,873
)
 
$
17,569

 
$
7,025

 
$
4,252

Gain (loss) reclassified from AOCI to net product sales (effective portion)
$
4,810

 
$
(3,315
)
 
$
8,885

 
$
(5,391
)
Gain (loss) reclassified from AOCI to other income and expense (ineffective portion)
$
(501
)
 
$
222

 
$
(585
)
 
$
(864
)
Schedule of Fair Value of Outstanding Derivatives
The following tables summarize the fair value of outstanding derivatives at September 30, 2012 and December 31, 2011:
 

 
September 30, 2012
 
Asset Derivatives
 
Liability Derivatives
 
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
Foreign exchange forward contracts
Other current assets
 
$
13,289

 
Other current liabilities
 
$
3,888

Foreign exchange forward contracts
Other non-current assets
 
5,959

 
Other non-current liabilities
 
4,173

Derivatives not designated as hedging instruments:
 
 

 
 
 

Foreign exchange forward contracts
Other current assets
 
692

 
Other current liabilities
 
4,008

Total fair value of derivative instruments
 
 
$
19,940

 
 
 
$
12,069




 
December 31, 2011
 
Asset Derivatives
 
Liability Derivatives
 
Balance Sheet
Location
 
Fair
Value
 
Balance Sheet
Location
 
Fair
Value
Derivatives designated as hedging instruments:
 
 
 
 
 
 
 
Foreign exchange forward contracts
Other current assets
 
$
14,118

 
Other current liabilities
 
$
5,889

Foreign exchange forward contracts
Other non-current assets
 
6,465

 
Other non-current liabilities
 
2,552

Derivatives not designated as hedging instruments:
 
 
 
 
 
 
 
Foreign exchange forward contracts
Other current assets
 
4,745

 
Other current liabilities
 
2,033

Total fair value of derivative instruments
 
 
$
25,328

 
 
 
$
10,474