Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments and Hedging Activities (Tables)

v2.4.0.8
Derivative Instruments and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2013
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Gains (Losses) Relating to Derivative Instruments Recorded in Other Comprehensive Income (Loss)

The following table summarizes gains (losses) relating to derivative instruments recorded in other comprehensive income (loss) during the three and nine months ended September 30, 2013 and 2012:

 

     Amount of Gain (Loss) Recognized
in Other Comprehensive Income (Loss) 		 
     For the Three Months Ended     For the Nine Months Ended  
     September 30, 2013      September 30, 2012     September 30, 2013      September 30, 2012  
     (In millions)  

Derivatives designated as hedging instruments:

           

Foreign exchange currency contracts relating to inventory and intercompany management fee hedges

    $ 0.2       $ (2.8 )    $ 3.2       $ (3.0 ) 

Interest rate swaps

      —         $ (0.2 )      —         $ (0.6 ) 
Gains (Losses) Relating to Derivative Instruments Recorded to Income

The following table summarizes gains (losses) relating to derivative instruments recorded to income during the three and nine months ended September 30, 2013 and 2012:

 

    Location of  Gain
(Loss)
Recognized in Income 		  Amount of Gain (Loss)
Recognized in Income 		 
      For the Three Months Ended     For the Nine Months Ended  
      September 30, 2013     September 30, 2012     September 30, 2013     September 30, 2012  
        (In millions)  

Derivatives designated as hedging instruments:

          

Foreign exchange currency contracts relating to inventory hedges and intercompany management fee
hedges(1)

   Selling, general and

administrative expenses

   $ (1.4 )    $ (0.7 )    $ (4.0 )    $ (0.6 ) 

Derivatives not designated as hedging instruments:

          

Foreign exchange currency contracts

   Selling, general and

administrative expenses

   $ 8.8      $ (0.8 )    $ 3.6      $ (11.6 ) 

 

(1) For foreign exchange contracts designated as hedging instruments, the amounts recognized in income (loss) represent the amounts excluded from the assessment of hedge effectiveness. There were no ineffective amounts recorded for derivatives designated as hedging instruments.
Gains (Losses) Relating to Derivative Instruments Reclassified from Accumulated Other Comprehensive Loss into Income Effective Portion

The following table summarizes gains (losses) relating to derivative instruments reclassified from accumulated other comprehensive loss into income during the three and nine months ended September 30, 2013 and 2012:

 

     Location of  Gain
(Loss)
Reclassified
from  Accumulated
Other Comprehensive
Loss into Income
(Effective Portion) 		   Amount of Gain (Loss) Reclassified
from Accumulated
Other Comprehensive
Loss into Income 		 
        For the Three Months Ended     For the Nine Months Ended  
        September 30, 2013     September 30, 2012     September 30, 2013     September 30, 2012  
          (In millions)  

Derivatives designated as hedging instruments:

            

Foreign exchange currency contracts relating to inventory hedges

    Cost of sales    $ (1.1 )    $ 0.2      $ (3.2 )    $ 0.4   

Foreign exchange currency contracts relating to intercompany management fee hedges

    Selling, general and

administrative expenses

    $ (0.2 )    $ 1.5      $ (0.3 )    $ 4.0   

Interest rate swaps

    Interest expense, net    $ (0.2 )    $ (0.9 )    $ (2.0 )    $ (2.7 )