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Debt (Tables)
9 Months Ended
Sep. 30, 2012
Debt [Abstract]  
Short-term borrowings

Short-term borrowings consisted of the following:

 

                 
($ in millions)   September 30,
2012
    December 31,
2011
 

Non-U.S. lines of credit

  $ 2.0     $ 9.0  
   

 

 

   

 

 

 

Total short-term borrowings

  $ 2.0     $ 9.0  
   

 

 

   

 

 

 
Long-term borrowings

Long-term borrowings consisted of the following:

 

                 
($ in millions)   September 30,
2012
    December 31,
2011
 

Revolving Credit Facility

  $ —       $ 180.0  

ABL Facility

    6.9       —    

Term Loan

    149.1       —    
     

12.98% private placement note due 2012

    —         27.3  
     

Private placement note, floating rate (8.85% at December 31, 2011)

    —         6.2  

Capital lease obligations

    1.9       0.5  
   

 

 

   

 

 

 
      157.9       214.0  

Unamortized balance of terminated fair value interest rate swaps

    —         0.1  
   

 

 

   

 

 

 
      157.9       214.1  

Less current maturities

    (5.7     —    

Less current capital lease obligations

    (0.4     (0.1

Less financial services activities — borrowings (included in discontinued operations)

    —         (0.9
   

 

 

   

 

 

 

Total long-term borrowings and capital lease obligations, net

  $ 151.8     $ 213.1