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FINANCIAL INSTRUMENTS: (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2011
Fair value measurements recurring
Fair value as of the end of the period
Dec. 31, 2010
Fair value measurements recurring
Fair value as of the end of the period
Dec. 31, 2010
Fair value measurements recurring
Fair value as of the end of the period
Swap contracts
Dec. 31, 2011
Fair value measurements recurring
Fair value as of the end of the period
Zero cost collar contracts
Dec. 31, 2010
Fair value measurements recurring
Fair value as of the end of the period
Zero cost collar contracts
Dec. 31, 2011
Fair value measurements recurring
Fair value as of the end of the period
Copper
Dec. 31, 2010
Fair value measurements recurring
Fair value as of the end of the period
Copper
Dec. 31, 2011
Fair value measurements recurring
Fair value as of the end of the period
Molybdenum
Dec. 31, 2010
Fair value measurements recurring
Fair value as of the end of the period
Molybdenum
Dec. 31, 2011
Fair value measurements recurring
Fair value as of the end of the period
Corporate bonds
Dec. 31, 2010
Fair value measurements recurring
Fair value as of the end of the period
Corporate bonds
Dec. 31, 2010
Fair value measurements recurring
Fair value as of the end of the period
Asset backed obligations
Dec. 31, 2011
Fair value measurements recurring
Fair value as of the end of the period
Mortgage backed securities
Dec. 31, 2010
Fair value measurements recurring
Fair value as of the end of the period
Mortgage backed securities
Dec. 31, 2011
Fair value measurements recurring
Quoted prices in active markets for identical assets (Level 1)
Dec. 31, 2010
Fair value measurements recurring
Quoted prices in active markets for identical assets (Level 1)
Dec. 31, 2011
Fair value measurements recurring
Quoted prices in active markets for identical assets (Level 1)
Copper
Dec. 31, 2010
Fair value measurements recurring
Quoted prices in active markets for identical assets (Level 1)
Copper
Dec. 31, 2011
Fair value measurements recurring
Quoted prices in active markets for identical assets (Level 1)
Molybdenum
Dec. 31, 2010
Fair value measurements recurring
Quoted prices in active markets for identical assets (Level 1)
Molybdenum
Dec. 31, 2011
Fair value measurements recurring
Significant other observable inputs (Level 2)
Dec. 31, 2010
Fair value measurements recurring
Significant other observable inputs (Level 2)
Dec. 31, 2010
Fair value measurements recurring
Significant other observable inputs (Level 2)
Swap contracts
Dec. 31, 2011
Fair value measurements recurring
Significant other observable inputs (Level 2)
Zero cost collar contracts
Dec. 31, 2010
Fair value measurements recurring
Significant other observable inputs (Level 2)
Zero cost collar contracts
Dec. 31, 2011
Fair value measurements recurring
Significant other observable inputs (Level 2)
Corporate bonds
Dec. 31, 2010
Fair value measurements recurring
Significant other observable inputs (Level 2)
Corporate bonds
Dec. 31, 2010
Fair value measurements recurring
Significant other observable inputs (Level 2)
Asset backed obligations
Dec. 31, 2011
Fair value measurements recurring
Significant other observable inputs (Level 2)
Mortgage backed securities
Dec. 31, 2010
Fair value measurements recurring
Significant other observable inputs (Level 2)
Mortgage backed securities
Dec. 31, 2010
Fair value measurements recurring
Significant unobservable inputs (Level 3)
Dec. 31, 2010
Fair value measurements recurring
Significant unobservable inputs (Level 3)
Mortgage backed securities
Dec. 31, 2011
Mitsui loan
Liabilities:                                                                      
Long-term debt, Carrying Value $ 2,745.7 $ 2,760.4                                                                  
Long-term debt, Fair Value 2,974.9                                                                    
Fair values of assets and liabilities measured at fair value on a recurring basis                                                                      
Fair value calculation, present value based on cash flow discount rate, weighted average cost of capital                                                                     10.00%
Short term Investment:                                                                      
Trading securities investment     514.6 66.9                         514.6 66.9                                  
Available-for-sale debt securities:                                                                      
Available-for-sale debt securities                       0.5 0.4 0.3 6.8 8.6                       0.5 0.4 0.3 6.8 7.4   1.2  
Derivative:                                                                      
Derivatives - classified as cash flow hedges:           8.9                                       8.9                  
Provisionally priced sales               221.5 60.7 138.1 149.7               221.5 60.7 138.1 149.7                          
Total assets, fair value     890.4                           874.2           16.2                        
Other current liabilities:                                                                      
Liability derivatives Classified as cash flow hedges:         (124.4)   (72.6)                                   (124.4)   (72.6)                
Total       $ 89.6                           $ 277.3           $ (188.9)                 $ 1.2