XML 32 R42.htm IDEA: XBRL DOCUMENT v2.4.0.6
Fair Value Measurements and Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2011
Fair Value Measurements and Fair Value of Financial Instruments Disclosure  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

       The following table presents information about the company's financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2011:

   December 31, Quoted Prices in Active Markets Significant Other Observable Inputs Significant Unobservable Inputs
(In millions) 2011 (Level 1) (Level 2) (Level 3)
               
Assets            
 Cash equivalents $ 377.1 $ 377.1 $ $
 Investments in mutual funds, unit trusts and other    similar instruments   35.6   35.6    
 Insurance contracts   56.7     56.7  
 Auction rate securities   4.3       4.3
 Derivative contracts   0.9     0.9  
               
  Total Assets $ 474.6 $ 412.7 $ 57.6 $ 4.3
               
Liabilities            
 Derivative contracts $ 1.2 $ $ 1.2 $
 Contingent consideration   1.7       1.7
               
  Total Liabilities $ 2.9 $ $ 1.2 $ 1.7

  The following table presents information about the company’s financial assets and liabilities measured at fair
value on a recurring basis as of December 31, 2010:
               
   December 31, Quoted Prices in Active Markets Significant Other Observable Inputs Significant Unobservable Inputs
(In millions) 2010 (Level 1) (Level 2) (Level 3)
               
Assets            
 Cash equivalents $ 301.6 $ 301.6 $ $
 Investments in mutual funds, unit trusts and other    similar instruments   36.3   36.3    
 Insurance contracts   42.6     42.6  
 Auction rate securities   4.6       4.6
 Derivative contracts   40.1     40.1  
               
  Total Assets $ 425.2 $ 337.9 $ 82.7 $ 4.6
               
Liabilities            
 Derivative contracts $ 3.5 $ $ 3.5 $
 Contingent consideration   28.7       28.7
               
  Total Liabilities $ 32.2 $ $ 3.5 $ 28.7
Available-for-sale Securities [Table Text Block]

The aggregate market value, cost basis and gross unrealized gains and losses of available-for-sale investments by major security type are as follows:

(In millions) Market Value Cost Basis Gross Unrealized Gains Gross Unrealized Losses
             
2011            
Mutual Fund and Unit Trust Investments $ 35.6 $ 25.2 $ 10.4 $
Auction Rate Securities   4.3   4.8     0.5
             
  $ 39.9 $ 30.0 $ 10.4 $ 0.5
             
2010            
Mutual Fund and Unit Trust Investments $ 32.0 $ 26.1 $ 5.9 $
Auction Rate Securities   4.6   5.3     0.7
             
  $ 36.6 $ 31.4 $ 5.9 $ 0.7
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
(In millions) 2011 2010
        
Auction Rate Securities      
 Beginning Balance $ 4.6 $ 5.4
 Sale of securities   (0.6)   (0.7)
 Total unrealized gains (losses) included in other comprehensive income   0.3   (0.1)
        
 Ending Balance $ 4.3 $ 4.6
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
(In millions) 2011 2010
        
Contingent Consideration      
 Beginning Balance $ 28.7 $ 0.6
 Additions   1.4   23.5
 Payments   (27.3)   (0.7)
 Change in fair value included in earnings   (1.2)   5.2
 Currency translation   0.1   0.1
        
 Ending Balance $ 1.7 $ 28.7
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
    Fair Value – Assets Fair Value – Liabilities
    December 31, December 31, December 31, December 31,
(In millions) 2011 2010 2011 2010
             
Derivatives Designated as Hedging Instruments            
 Interest rate swaps (a) $ $ 37.3 $ $
Derivatives Not Designated as Hedging Instruments            
 Foreign currency exchange contracts (b)   0.9   2.8   1.2   3.5
             
  Total derivatives $ 0.9 $ 40.1 $ 1.2 $ 3.5
               
(a)The fair value of the interest rate swaps is included in the consolidated balance sheet under the caption other assets.
(b)The fair value of the foreign currency exchange contracts is included in the consolidated balance sheet under the captions other current assets or other accrued expenses.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
      Gain Recognized
(In millions) 2011 2010
       
Derivatives Designated as Fair Value Hedges      
 Interest rate swaps $ 16.5 $ 20.3
Derivatives Not Designated as Fair Value Hedges      
 Foreign currency exchange contracts   47.2   35.8
Fair Value, by Balance Sheet Grouping [Table Text Block]

       The carrying amount and fair value of the company's notes receivable and debt obligations are as follows:

    December 31, 2011 December 31, 2010
    Carrying Fair Carrying Fair
(In millions) Value Value Value Value
             
Notes Receivable $ 6.5 $ 6.5 $ 7.4 $ 7.4
               
Debt Obligations:            
 Convertible obligations $ $ $ 327.9 $ 461.4
 Senior notes   6,093.0   6,454.6   1,784.9   1,806.3
 Commercial paper   900.0   900.0    
 Other   35.0   35.0   24.3   24.3
               
    $ 7,028.0 $ 7,389.6 $ 2,137.1 $ 2,292.0
               
  The fair value of debt obligations was determined based on quoted market prices and on borrowing rates
available to the company at the respective period ends.