Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments and Hedging Activities (Tables)

v2.3.0.15
Derivative Instruments and Hedging Activities (Tables)
 9 Months Ended
Sep. 30, 2011
Derivative Instruments and Hedging Activities [Abstract]  
Gains (losses) relating to derivative instruments recorded in other comprehensive income (loss)
                                 
    Amount of Gain (Loss) Recognized  
    in Other Comprehensive Income (Loss)  
    For the Three Months Ended     For the Nine Months Ended  
    September 30, 2011     September 30, 2010     September 30, 2011     September 30, 2010  
    (In millions)  
Derivatives designated as hedging instruments:
                               
Foreign exchange currency contracts relating to inventory and intercompany management fee hedges
  $ 3.5     $ (8.1 )   $ 1.0     $ 5.3  
Interest rate swaps
  $ (0.7 )   $ (2.4 )   $ (2.2 )   $ (8.2 )
Gains (losses) relating to derivative instruments recorded to income
                                   
      Amount of Gain (Loss)
    Location of Gain   Recognized in Income
    (Loss)   For the Three Months Ended   For the Nine Months Ended  
    Recognized in Income   September 30, 2011     September 30, 2010   September 30, 2011     September 30, 2010  
    (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   $ (0.3 )   $ 0.1   $ (0.3 )   $ —  
Derivatives not designated as hedging instruments:
                                 
Foreign exchange currency contracts
  Selling, general and administrative expenses   $ 2.7     $ 2.0   $ 3.8     $ (7.3 )
 
     
(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
                                     
    Location of Gain                                
    (Loss)   Amount of Gain (Loss) Reclassified  
    Reclassified   from Accumulated  
    from Accumulated   Other Comprehensive  
    Other Comprehensive   Loss into Income  
    Loss into Income   For the Three Months Ended     For the Nine Months Ended  
    (Effective Portion)   September 30, 2011     September 30, 2010     September 30, 2011     September 30, 2010  
    (In millions)  
Derivatives designated as hedging instruments:
                                   
Foreign exchange currency contracts relating to inventory hedges
  Cost of sales   $ —     $ 1.1     $ (0.3 )   $ 0.4  
Foreign exchange currency contracts relating to intercompany management fee hedges
  Selling, general and administrative expenses   $ (0.7 )   $ 1.9     $ (2.2 )   $ 6.5  
Interest rate contracts
  Interest expense, net   $ (0.9 )   $ (0.9 )   $ (2.7 )   $ (2.7 )