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Derivatives and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2011
Derivatives and Hedging Activities [Abstract]  
Fair Value of Derivative Instruments
                                 
    Fair Value of Asset
Derivatives(1)		     Fair Value of (Liability)
Derivatives(1)		  
    December 31,
2011		     December 31,
2010		     December 31,
2011		     December 31,
2010		  

Derivatives designated as hedging instruments:

                                

Foreign currency forward contracts (cash flow hedges)

   $ 0.5     $ 0.1     $ (0.6 )    $ —    

Interest rate swaps (fair value hedges)

     2.1       6.0       —         (0.2 ) 

Derivatives not designated as hedging instruments:

                                

Foreign currency forward contracts

     18.0       0.5       (3.0 )      (0.8 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

Total

   $ 20.6     $ 6.6     $ (3.6 )    $ (1.0 ) 
   

 

 

    

 

 

    

 

 

    

 

 

  

 

(1) Asset derivatives were included in other assets for the foreign currency forward contracts and for the interest rate swaps. Liability derivatives were included in other liabilities for foreign currency forward contracts and for the interest rate swaps.
Effect of derivative instruments on condensed consolidated statement of operations
                 
    Amount of
Gain (Loss)
Recognized in
Earnings on
Derivatives(1)
Year Ended
December 31,		  
    2011     2010  

Derivatives designated as hedging instruments:

                

Interest rate swaps

   $ 4.1     $     4.5  

Foreign currency forward contracts(2)

     0.4       0.5  

Derivatives not designated as hedging instruments:

                

Foreign currency forward contracts(2)

     5.3       (6.0 ) 
   

 

 

    

 

 

  

Total

   $     9.8     $ (1.0 ) 
   

 

 

    

 

 

  

 

(1) Amounts recognized on the foreign currency forward contracts were included in other expense, net. Amounts recognized on the interest rate swaps were included in interest expense and do not include the gain recognized from the termination of interest rate swaps in connection with the partial redemption of the 12% Senior Notes in 2010.

 

(2) The net gains and (losses) included above were substantially offset by the net (losses) and gains resulting from the remeasurement of the underlying foreign currency denominated items, which are included in other expense, net, on the consolidated statement of operations. The underlying foreign currency denominated items include receivables and payables and interest-bearing intercompany loans and receivables and payables. See "Foreign Currency Forward Contracts Not Designated as Hedges" above for further information.