XML 58 R40.htm IDEA: XBRL DOCUMENT
v3.2.0.727

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule Of Derivative Instruments In Statement Of Financial Position, Fair Value | The following table presents the fair value of our derivative instruments and the classification of each in the Statements of Unaudited Condensed Consolidated Financial Position as of June 30, 2015 and December 31, 2014:
| (In Millions)
| Derivative Assets |  | Derivative Liabilities
| June 30, 2015 |  | December 31, 2014 |  | June 30, 2015 |  | December 31, 2014
Derivative Instrument | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value |  | Balance Sheet Location |  | Fair Value
Derivatives designated as hedging instruments under ASC 815: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign Exchange Contracts |  |  | $ | — |  |  |  |  | $ | — |  |  |  |  | $ | — |  |  | Other current liabilities |  | $ | 21.6 |
Total derivatives designated as hedging instruments under ASC 815 |  |  | $ | — |  |  |  |  | $ | — |  |  |  |  | $ | — |  |  |  |  | $ | 21.6 |
Derivatives not designated as hedging instruments under ASC 815: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign Exchange Contracts |  |  | $ | — |  |  |  |  | $ | — |  |  | Other current liabilities |  | $ | 3.3 |  |  | Other current liabilities |  | $ | 9.9 |
Customer Supply Agreement | Other current assets |  | 7.5 |  |  | Other current assets |  | 63.2 |  |  |  |  | — |  |  |  |  | — |
Provisional Pricing Arrangements | Other current assets |  | 0.2 |  |  |  |  | — |  |  | Other current liabilities |  | 8.0 |  |  | Other current liabilities |  | 9.5 |
Total derivatives not designated as hedging instruments under ASC 815 |  |  | $ | 7.7 |  |  |  |  | $ | 63.2 |  |  |  |  | $ | 11.3 |  |  |  |  | $ | 19.4 |
Total derivatives |  |  | $ | 7.7 |  |  |  |  | $ | 63.2 |  |  |  |  | $ | 11.3 |  |  |  |  | $ | 41.0 |
Schedule Of Derivative Gains (Losses) Recognized In Accumulated Other Comprehensive Income | The following summarizes the effect of our derivatives designated as cash flow hedging instruments, net of tax in Accumulated other comprehensive loss in the Statements of Unaudited Condensed Consolidated Operations for the three and six months ended June 30, 2015 and 2014:
| (In Millions)
Derivatives in Cash Flow Hedging Relationships | Amount of Gain (Loss) Recognized in OCI on Derivatives |  | Location of Gain (Loss) Reclassified from Accumulated OCI into Earnings |  | Amount of Gain (Loss) Reclassified from Accumulated OCI into Earnings
(Effective Portion) |  | (Effective Portion) |  | (Effective Portion)
| Three Months Ended June 30, |  |  |  | Three Months Ended June 30,
| 2015 |  | 2014 |  |  |  | 2015 |  | 2014
Australian Dollar Foreign Exchange Contracts (hedge designation) | $ | 0.5 |  |  | $ | 3.7 |  |  | Product revenues |  | $ | (1.0 | ) |  | $ | (3.7 | )
Australian Dollar Foreign Exchange Contracts (prior to de-designation) | — |  |  | — |  |  | Product revenues |  | (6.8 | ) |  | — |
Canadian Dollar Foreign Exchange Contracts (hedge designation) | — |  |  | 6.0 |  |  | Cost of goods sold and operating expenses |  | — |  |  | (2.7 | )
Canadian Dollar Foreign Exchange Contracts (prior to de-designation) | — |  |  | — |  |  | Cost of goods sold and operating expenses |  | — |  |  | (0.2 | )
Total | $ | 0.5 |  |  | $ | 9.7 |  |  |  |  | $ | (7.8 | ) |  | $ | (6.6 | )
| Six Months Ended June 30, |  |  |  | Six Months Ended June 30,
| 2015 |  | 2014 |  |  |  | 2015 |  | 2014
Australian Dollar Foreign Exchange Contracts (hedge designation) | $ | (2.1 | ) |  | $ | 9.2 |  |  | Product revenues |  | $ | (7.3 | ) |  | $ | (12.8 | )
Australian Dollar Foreign Exchange Contracts (prior to de-designation) | (4.5 | ) |  | — |  |  | Product revenues |  | (6.8 | ) |  | — |
Canadian Dollar Foreign Exchange Contracts (hedge designation) | — |  |  | (1.8 | ) |  | Cost of goods sold and operating expenses |  | — |  |  | (6.1 | )
Canadian Dollar Foreign Exchange Contracts (prior to de-designation) | — |  |  | — |  |  | Cost of goods sold and operating expenses |  | — |  |  | (0.5 | )
| $ | (6.6 | ) |  | $ | 7.4 |  |  |  |  | $ | (14.1 | ) |  | $ | (19.4 | )
Schedule Of Derivatives Not Designated As Hedging Instruments Statements Of Financial Performance Location Table | The following summarizes the effect of our derivatives that are not designated as hedging instruments in the Statements of Unaudited Condensed Consolidated Operations for the three and six months ended June 30, 2015 and 2014:
(In Millions)
Derivatives 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,
|  | 2015 |  | 2014 |  | 2015 |  | 2014
Foreign Exchange Contracts | Other non-operating income (expense) (1) | $ | (3.4 | ) |  | $ | (2.4 | ) |  | $ | 2.5 |  |  | $ | (3.3 | )
Foreign Exchange Contracts | Product revenues | (9.7 | ) |  | — |  |  | (9.7 | ) |  | — |
Commodity Contracts | Cost of goods sold and operating expenses | 0.2 |  |  | — |  |  | (3.4 | ) |  | — |
Customer Supply Agreement | Product revenues | 0.4 |  |  | 34.3 |  |  | 10.5 |  |  | 62.0 |
Provisional Pricing Arrangements | Product revenues | 8.4 |  |  | (17.5 | ) |  | (7.8 | ) |  | (20.2 | )
|  | $ | (4.1 | ) |  | $ | 14.4 |  |  | $ | (7.9 | ) |  | $ | 38.5 |
(1) | At June 30, 2014, the location of the Gain (Loss) Recognized in Income on Derivative for Foreign Exchange Contracts was Cost of goods sold and operating expenses.

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsEffectOnOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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=35706170&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for other derivative instruments not designated as hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the 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 4C -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration