v2.3.0.15

Derivatives Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2011

Derivative Instruments and Hedging Activities

Schedule of Fair Values of Derivatives Designated as Hedging Instruments

		Asset Derivatives								Liability Derivatives
(in thousands)		Balance Sheet Location		September 30, 2011			December 31, 2010			Balance Sheet Location		September 30, 2011			December 31, 2010
Commodity swaps		Other current assets		$	3,402		$	3,675		Other accrued liabilities		$	—		$	32
Foreign currency forwards		Other current assets		17,173			731			Other accrued liabilities		8,636			2,527
Commodity swaps		Other assets		291			1,463			Noncurrent liabilities		65			32
Total derivatives				$	20,866		$	5,869				$	8,701		$	2,591

Schedule of Effect of Derivative Instruments on Earnings

				Three Months Ended September 30,						Nine Months Ended September 30,
Fair Value Hedges (in thousands)		Location of Gain (Loss)		2011			2010			2011			2010
Foreign currency forwards		Total cost of revenue		$	—		$	(959	)	$	—		$	3,226
Foreign currency forwards		Corporate general and administrative expense		10,836			7,274			15,147			5,673
Total				$	10,836		$	6,315		$	15,147		$	8,899

The amount of gain (loss) recorded in OCI associated with the derivative instruments designated as cash flow hedges was as follows:

		Three Months Ended September 30,						Nine Months Ended September 30,
Cash Flow Hedges (in thousands)		2011			2010			2011			2010
Commodity swaps		$	525		$	(423	)	$	3,639		$	(2,511	)
Foreign currency forwards		(1,222		)	(675		)	(1,089		)	(82		)
Treasury rate lock agreements		(10,512		)	—			(10,512		)	—
Total		$	(11,209	)	$	(1,098	)	$	(7,962	)	$	(2,593	)

The amount of gain (loss) reclassified from OCI into earnings associated with the derivative instruments designated as cash flow hedges was as follows:

				Three Months Ended September 30,						Nine Months Ended September 30,
Cash Flow Hedges (in thousands)		Location of Gain (Loss)		2011			2010			2011			2010
Commodity swaps		Total cost of revenue		$	2,512		$	(1,774	)	$	4,996		$	(2,392	)
Foreign currency forwards		Total cost of revenue		(129		)	739			(1,061		)	524
Treasury rate lock agreements		Interest Expense		(70		)	—			(70		)	—
Total				$	2,313		$	(1,035	)	$	3,865		$	(1,868	)

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- Definition

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.

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-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

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-Name Statement of Financial Accounting Standard (FAS)

-Number 133

-Paragraph 44C

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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 Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4B

-URI http://asc.fasb.org/extlink&oid=6935481&loc=SL5624163-113959



Reference 2: 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 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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