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Derivative Instruments And Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2012

Derivative Instruments and Hedges, Assets [Abstract]

Schedule Of Outstanding Interest Rate Derivatives

As of September 30, 2012, we had the following outstanding interest rate derivatives which were not designated as hedges of interest rate risk:

Interest Rate Derivative		Number of Instruments			Notional Amount
Interest Rate Cap		1			$	175.0	million
Interest Rate Swap (1)		1			$	500.0	million

(1) In October 2012, the interest rate swap matured and was settled.

Fair Value Of Derivative Financial Instruments And Their Classification In The Balance Sheet

The table below presents the fair value of our derivative financial instruments as well as their classification in the condensed consolidated balance sheets at September 30, 2012 and December 31, 2011 (in millions):

Fair Values of Derivative Instruments

Asset Derivatives

Liability Derivatives

September 30, 2012

December 31, 2011

September 30, 2012

December 31, 2011

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

Balance Sheet Location

Fair Value

Derivatives not designated as hedging instruments

Interest Rate Swap

Other Liabilities

$

0.2

Other Liabilities

$

16.6

Interest Rate Cap

Other Assets

$

—

Other Assets

$

0.1

Effect Of Derivative Financial Instruments On The Statements Of Income And Comprehensive Income

The tables below present the effect of our derivative financial instruments in the condensed consolidated statements of income and comprehensive income for the three and nine months ended September 30, 2012 and 2011 (in millions):

Effect of Derivative Instruments

Three Months Ended
September 30,
		Unrealized (Loss) Recognized in Other Comprehensive  Income (“OCI”) on  Derivative (Effective Portion)								Location of Loss Reclassified from Accumulated OCI into Income(Effective Portion)		Amount of Loss Reclassified from Accumulated OCI into Income (Effective Portion)								Location of Loss Recognized in  Statements of Income (Discontinuation, Ineffective  Portion and Amount  Excluded from Effectiveness Testing)		Amount of Loss Recognized in Statements of Income (Discontinuation, Ineffective Portion and Amount Excluded from Effectiveness Testing)
Derivatives in Cash Flow Hedging Relationships		2012				2011						2012				2011						2012				2011
Interest Rate Swaps (1)		$	—			$	—			Interest expense		$	—			$	0.1			Loss on discontinuation of hedging relationship		$	—			$	—

Derivatives not designated as hedging instruments		Location of Gain/(Loss) Recognized in Statements of Income		Amount of (Loss) Recognized in Statements of Income
				2012				2011
Interest Rate Cap		Other income/(loss)		$	—			$	(0.1	)
Interest Rate Swap		Other income/(loss)		$	—			$	(0.1	)

Nine Months Ended
September 30,
		Unrealized (Loss) Recognized in Other Comprehensive  Income (“OCI”) on  Derivative (Effective Portion)								Location of Loss Reclassified from Accumulated OCI into Income(Effective Portion)		Amount of Loss Reclassified from Accumulated OCI into Income (Effective Portion)								Location of Loss Recognized in  Statements of Income (Ineffective  Portion and Amount  Excluded from Effectiveness Testing)		Amount of Loss Recognized in Statements of Income (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Derivatives in Cash Flow Hedging Relationships		2012				2011						2012				2011						2012				2011
Interest Rate Swaps (1)		$	—			$	(2.7	)		Interest expense		$	—			$	9.9			Loss on discontinuation of hedging relationship		$	—			$	29.8

Derivatives not designated as hedging instruments		Location of Gain/(Loss) Recognized in Statements of Income		Amount of (Loss) Recognized in Statements of Income
				2012				2011
Interest Rate Cap		Other income/(loss)		$	(0.1	)		$	(0.1	)
Interest Rate Swap		Other income/(loss)		$	(0.7	)		$	(0.1	)

(1) The results include the interest rate swap gain (loss) prior to discontinuation in May 2011.

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Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References

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-Publisher FASB

-Name Accounting Standards Codification

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 133

-Paragraph 205G

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4B

-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 133

-Paragraph 44C

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

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