XML 68 R33.htm IDEA: XBRL DOCUMENT v2.4.0.8
Derivative Instruments and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Value, by Balance Sheet Grouping
The following table presents the fair value of our derivatives designated as hedging instruments in our Consolidated Balance Sheets as of September 30, 2013 and December 31, 2012: 
 
Asset (Liability) Derivatives
 
September 30, 2013
 
December 31, 2012
(in millions)
Financial
Position Location
 
Fair
Value
 
Financial
Position Location
 
Fair
Value
Derivatives designated as hedging instruments
 
 
 
 
 
 
 
Commodity derivatives contracts
Fair value of derivative asset
 
$
0.3

 
Fair value of derivative asset
 
$
0.3

Commodity derivatives contracts
Fair value of derivative
liability
 
—

 
Fair value of derivative
liability
 
—

Foreign currency derivatives
Fair value of derivative asset
 
—

 
Fair value of derivative asset
 
0.2

Foreign currency derivatives
Fair value of derivative
liability
 
(0.9
)
 
Fair value of derivative
liability
 
(0.7
)
Total
 
 
$
(0.6
)
 
 
 
$
(0.2
)
The following table presents the fair value of our derivatives that have been de-designated as hedging instruments in our Consolidated Balance Sheets as of September 30, 2013 and December 31, 2012: 
 
Asset (Liability) Derivatives
 
September 30, 2013
 
December 31, 2012
(in millions)
Financial
Position Location
 
Fair
Value
 
Financial
Position Location
 
Fair
Value
Derivatives de-designated as hedging instruments
 
 
 
 
 
 
 
Commodity derivatives contracts
Fair value of derivative asset
 
$
0.3

 
Fair value of derivative asset
 
$
0.1

Commodity derivatives contracts
Fair value of derivative
liability
 
(0.1
)
 
Fair value of derivative
liability
 
—

Foreign currency derivatives
Fair value of derivative asset
 
—

 
Fair value of derivative asset
 
0.1

Foreign currency derivatives
Fair value of derivative
liability
 
(1.1
)
 
Fair value of derivative
liability
 
(0.2
)
Total
 
 
$
(0.9
)
 
 
 
$
—
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
The following table presents the impact of derivatives designated as hedging instruments on our Consolidated Statements of Operations and AOCI for our derivatives designated as cash flow hedging instruments for the three and nine months ended: 
(in millions)
Amount of Gain
(Loss) Recognized in
AOCI (Effective
Portion)
 
Location of Gain
(Loss) Reclassified
from AOCI  into
Income (Effective
Portion)
 
Amount of Gain
(Loss) Reclassified
from AOCI into
Income
(Effective Portion)
 
Location of Gain
(Loss) Recognized in
Income  (Ineffective
Portion)
 
Amount of Gain
(Loss)
Recognized in
Income (Ineffective
Portion)
September 30,
 
 
September 30,
 
 
September 30,
Three Months Ended
2013
 
2012
 
 
2013
 
2012
 
 
2013
 
2012
Commodity
$
0.9

 
$
0.2

 
Cost of sales
 
$
0.1

 
$
(0.2
)
 
Cost of sales
 
$
—

 
$
—

Currency
(0.2
)
 
0.8

 
Cost of sales
 
(0.5
)
 
(3.5
)
 
Cost of sales
 
—

 
—

Total
$
0.7

 
$
1.0

 
 
 
$
(0.4
)
 
$
(3.7
)
 
 
 
$
—

 
$
—

Nine Months Ended
2013
 
2012
 
 
 
2013
 
2012
 
 
 
2013
 
2012
Commodity
$
0.3

 
$
1.6

 
Cost of sales
 
$
0.2

 
$
(2.0
)
 
Cost of sales
 
$
—

 
$
—

Currency
(1.4
)
 
1.2

 
Cost of sales
 
(1.0
)
 
(8.8
)
 
Cost of sales
 
—

 
—

Total
$
(1.1
)
 
$
2.8

 
 
 
$
(0.8
)
 
$
(10.8
)
 
 
 
$
—

 
$
—