Quarterly report pursuant to Section 13 or 15(d)

Derivative Instruments and Hedging Activities (Tables)

 v2.3.0.11
Derivative Instruments and Hedging Activities (Tables)
6 Months Ended
Jun. 30, 2011
Derivative Instruments and Hedging Activities  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
    

(In Millions)

 
    

Derivative Assets

 
    

June 30, 2011

    

December 31, 2010

 

Derivative

Instrument

  

Balance Sheet

Location

   Fair
Value
    

Balance Sheet

Location

   Fair
Value
 

Derivatives designated as hedging instruments under ASC 815:

           

Foreign Exchange Contracts

   Derivative assets
(current)
     $ 8.9         Derivative assets
(current)
     $ 2.8     
                       

Total derivatives designated as hedging instruments under ASC 815

        $ 8.9              $ 2.8     
                       

Derivatives not designated as hedging instruments under ASC 815:

           

Foreign Exchange Contracts

   Derivative assets (current)      $ 21.5         Derivative assets (current)      $ 34.2     
  

Deposits and

miscellaneous

     -           Deposits and miscellaneous      2.0     

Customer Supply Agreements

   Derivative assets (current)      64.0         Derivative assets (current)      45.6     

Provisional Pricing Arrangements

   Derivative assets (current)      15.8              -       
  

Accounts Receivable

     14.1              -       
                       

Total derivatives not designated as hedging instruments under ASC 815

        $   115.4              $   81.8     
                       

Total derivatives

        $   124.3              $ 84.6     
                       
Derivatives Not Designated as Hedging Instruments Disclosure

(In Millions)

 

Derivative Not Designated as Hedging

                Instruments

  

Location of Gain/(Loss)

Recognized in Income on

Derivative

   Amount of Gain/(Loss) Recognized in Income on Derivative  
          Three Months Ended
June 30,
     Six Months Ended
June 30,
 
          2011      2010      2011      2010  

Foreign Exchange Contracts

   Product Revenues      $ 2.6           $ 2.2           $ 3.2           $ 5.0     

Foreign Exchange Contracts

   Other Income (Expense)      48.5           (10.0)          104.5           (7.7)    

Customer Supply Agreements

   Product Revenues      46.5           48.4           71.1           68.3     

Provisional Pricing Arrangements

   Product Revenues      289.4           389.3           309.4           731.5     
                                      

Total

        $       387.0           $       429.9           $       488.2           $       797.1