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Financial Instrument, Risk Management and Fair Value Measurements (Tables) | 9 Months Ended
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Sep. 30, 2012
Financial Instruments Risk Management And Fair Value Measurements [Abstract] |
Schedule of derivative instruments fair value and balance sheet presentation | The following table provides the fair value and balance sheet presentation of our derivative instruments as of September 30, 2012 and December 31, 2011.
(in Millions) |  |  |  | September 30, 2012 |  | December 31, 2011
|  | Balance Sheet Location |  | Fair Value
Derivatives Designated as Cash Flow Hedges |  |  |  |  |  |
Foreign exchange contracts |  | Prepaid and other current assets |  | $ | 0.5 |  |  | $ | 8.4 |
Commodity contracts: |  |  |  |  |  |
Energy contracts |  | Prepaid and other current assets |  | 0.5 |  |  | 0.5 |
Other contracts |  | Prepaid and other current assets |  | 0.2 |  |  | — |
Total Derivative Assets |  |  |  | $ | 1.2 |  |  | $ | 8.9 |
Foreign exchange contracts |  | Accrued and other liabilities |  | (2.7 | ) |  | (10.3 | )
Commodity contracts: |  |  |  |  |  |
Energy contracts |  | Accrued and other liabilities |  | (0.7 | ) |  | (8.0 | )
Total Derivative Liabilities |  |  |  | $ | (3.4 | ) |  | $ | (18.3 | )
Net Derivative Assets/(Liabilities) |  |  |  | $ | (2.2 | ) |  | $ | (9.4 | )
Derivatives Not Designated as Hedging Instruments |  |  |  |  |  |
Foreign exchange contracts |  | Prepaid and other current assets |  | $ | 0.2 |  |  | $ | 3.5 |
Commodity contracts: |  |  |  |  |  |
Soybean contracts |  | Prepaid and other current assets |  | 0.5 |  |  | — |
Total Derivative Assets |  |  |  | $ | 0.7 |  |  | $ | 3.5 |
Foreign exchange contracts |  | Accrued and other liabilities |  | (0.9 | ) |  | — |
Commodity contracts: |  |  |  |  |  |
Soybean contracts |  | Accrued and other liabilities |  | (0.5 | ) |  | — |
Total Derivative Liabilities |  |  |  | $ | (1.4 | ) |  | $ | — |
Net Derivative Assets/(Liabilities) |  |  |  | $ | (0.7 | ) |  | $ | 3.5 |
The information included in the above chart is also presented in our fair value table included below
Schedule of derivative instruments, gain (loss) in condensed consolidated statements of income | The following tables provide the impact of derivative instruments and related hedged items on the condensed consolidated statements of income for the three and nine months ended September 30, 2012 and 2011. Derivatives in Cash Flow Hedging Relationships
(in Millions) |  | Amount of Gain or (Loss) Recognized in OCI on Derivatives, net of tax (Effective Portion) |  | Amount of Pre-tax Gain or (Loss) Reclassified from AOCI into Income (Effective Portion) (a) |  | Amount of Pre-tax Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) (a)
|  | Three Months Ended September 30 |  | Three Months Ended September 30 |  | Three Months Ended September 30
|  | 2012 |  | 2011 |  | 2012 |  | 2011 |  | 2012 |  | 2011
Foreign exchange contracts |  | $ | 1.1 |  |  | $ | (6.3 | ) |  | $ | (1.7 | ) |  | $ | 3.0 |  |  | $ | (0.3 | ) |  | $ | (0.3 | )
Commodity contracts: |  |  |  |  |  |  |  |  |  |  |  |
Energy contracts |  | 2.6 |  |  | (0.7 | ) |  | (2.3 | ) |  | (1.7 | ) |  | — |  |  | — |
Total |  | $ | 3.7 |  |  | $ | (7.0 | ) |  | $ | (4.0 | ) |  | $ | 1.3 |  |  | $ | (0.3 | ) |  | $ | (0.3 | )
(in Millions) |  | Amount of Gain or (Loss) Recognized in OCI on Derivatives, net of tax (Effective Portion) |  | Amount of Pre-tax Gain or (Loss) Reclassified from AOCI into Income (Effective Portion) (a) |  | Amount of Pre-tax Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) (a)
|  | Nine Months Ended September 30 |  | Nine Months Ended September 30 |  | Nine Months Ended September 30
|  | 2012 |  | 2011 |  | 2012 |  | 2011 |  | 2012 |  | 2011
Foreign exchange contracts |  | $ | — |  |  | $ | (4.5 | ) |  | $ | 2.0 |  |  | $ | 4.8 |  |  | $ | — |  |  | $ | (0.1 | )
Commodity contracts: |  |  |  |  |  |  |  |  |  |  |  |
Energy contracts |  | 4.5 |  |  | 1.1 |  |  | (8.7 | ) |  | (5.5 | ) |  | (0.1 | ) |  | — |
Other |  | 0.1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total |  | $ | 4.6 |  |  | $ | (3.4 | ) |  | $ | (6.7 | ) |  | $ | (0.7 | ) |  | $ | (0.1 | ) |  | $ | (0.1 | )
____________________
(a) | Amounts are included in “Cost of sales and services” on the condensed consolidated statements of income.
Derivatives Not Designated as Hedging Instruments
| Location of Gain or (Loss) Recognized in Income on Derivatives | Amount of Pre-tax Gain or (Loss) Recognized in Income on Derivatives
|  | Three Months Ended September 30 |  | Nine Months Ended September 30
(in Millions) |  | 2012 |  | 2011 |  | 2012 |  | 2011
Foreign Exchange contracts | Cost of Sales and Services | $ | (8.2 | ) |  | $ | (2.1 | ) |  | $ | 11.1 |  |  | $ | (4.6 | )
Commodity contracts: |  |  |  |  |  |  |  |
Energy contracts | Cost of Sales and Services | — |  |  | — |  |  | — |  |  | (0.2 | )
Total |  | $ | (8.2 | ) |  | $ | (2.1 | ) |  | $ | 11.1 |  |  | $ | (4.8 | )
Schedule of assets and liabilities measured at fair value on recurring basis | The following tables present our fair-value hierarchy for those assets and liabilities measured at fair-value on a recurring basis in our condensed consolidated balance sheets as of September 30, 2012 and December 31, 2011. During the periods presented there were no transfers between fair-value hierarchy levels.
(in Millions) | September 30, 2012 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Assets |  |  |  |  |  |  |
Derivatives – Commodities: (2) |  |  |  |  |  |  |
Energy contracts | 0.5 |  |  | — |  |  | 0.5 |  |  | — |
Other contracts | 0.7 |  |  | — |  |  | 0.7 |  |  | — |
Derivatives – Foreign Exchange (2) | 0.7 |  |  | — |  |  | 0.7 |  |  | — |
Deferred compensation arrangement (3) | 32.1 |  |  | 32.1 |  |  | — |  |  | — |
Total Assets | $ | 34.0 |  |  | $ | 32.1 |  |  | $ | 1.9 |  |  | $ | — |
Liabilities |  |  |  |  |  |  |
Derivatives – Commodities: (4) |  |  |  |  |  |  |
Energy contracts | $ | 0.7 |  |  | $ | — |  |  | $ | 0.7 |  |  | $ | — |
Other contracts | 0.5 |  |  | — |  |  | 0.5 |  |  | — |
Derivatives – Foreign Exchange (4) | 3.6 |  |  | — |  |  | 3.6 |  |  | — |
Acquisition (5) | 1.5 |  |  | — |  |  | — |  |  | 1.5 |
Deferred compensation arrangement (6) | 38.8 |  |  | 38.8 |  |  | — |  |  | — |
Total Liabilities | $ | 45.1 |  |  | $ | 38.8 |  |  | $ | 4.8 |  |  | $ | 1.5 |
(in Millions) | December 31, 2011 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
Assets |  |  |  |  |  |  |
Available-for-sale securities: |  |  |  |  |  |  |
Common Stock (1) | $ | 0.1 |  |  | $ | 0.1 |  |  | $ | — |  |  | $ | — |
Derivatives – Commodities: (2) |  |  |  |  |  |  |
Energy contracts | 0.5 |  |  | — |  |  | 0.5 |  |  | — |
Derivatives – Foreign Exchange (2) | 11.9 |  |  | — |  |  | 11.9 |  |  | — |
Other (3) | 20.9 |  |  | 20.9 |  |  | — |  |  | — |
Total Assets | $ | 33.4 |  |  | $ | 21.0 |  |  | $ | 12.4 |  |  | $ | — |
Liabilities |  |  |  |  |  |  |
Derivatives – Commodities: (4) |  |  |  |  |  |  |
Energy contracts | $ | 8.0 |  |  | $ | — |  |  | $ | 8.0 |  |  | $ | — |
Derivatives – Foreign Exchange (4) | 10.3 |  |  | — |  |  | 10.3 |  |  | — |
Acquisition (5) | 3.5 |  |  | — |  |  | — |  |  | 3.5 |
Other (6) | 31.8 |  |  | 31.8 |  |  | — |  |  | — |
Total Liabilities | $ | 53.6 |  |  | $ | 31.8 |  |  | $ | 18.3 |  |  | $ | 3.5 |
____________________
(1) | Amounts included in “Investments” in the condensed consolidated balance sheets.
(2) | Amounts included in “Prepaid and other current assets” in the condensed consolidated balance sheets.
(3) | Consists of a deferred compensation arrangement, through which we hold various investment securities, recognized on our balance sheet. Both the asset and liability are recorded at fair value. Asset amounts included in “Other assets” in the condensed consolidated balance sheets.
(4) | Amounts included in “Accrued and other liabilities” in the condensed consolidated balance sheets.
(5) | Represents contingent consideration associated with the acquisitions during 2011. See Note 3 for more information. The changes in this Level 3 liability represented payments made against the liability.
(6) | Consists of a deferred compensation arrangement recognized on our balance sheet. Both the asset and liability are recorded at fair value. Liability amounts included in “Other long-term liabilities” in the condensed consolidated balance sheets.
Schedule of assets and liabilities measured at fair value on non-recurring basis | The following tables present our fair value hierarchy for those assets and liabilities measured at fair value on a non-recurring basis in our condensed consolidated balance sheets during the nine months ended September 30, 2012 and the year ended December 31, 2011. See Note 3 for the assets and liabilities measured on a non-recurring basis at fair value associated with our acquisitions.
(in Millions) | Nine months ended September 30, 2012 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total Gains (Losses) (Nine Months Ended September 30, 2012)
Assets |  |  |  |  |  |  |  |  |
Long-lived assets to be abandoned (1) | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (1.8 | )
Total Assets | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (1.8 | )
Liabilities |  |  |  |  |  |  |  |  |
Liabilities associated with exit activities (2) | $ | 5.7 |  |  | $ | — |  |  | $ | 5.7 |  |  | $ | — |  |  | $ | (5.7 | )
Total Liabilities | $ | 5.7 |  |  | $ | — |  |  | $ | 5.7 |  |  | $ | — |  |  | $ | (5.7 | )
____________________
(1) | We recorded charges to write down the value of certain long-lived assets to be abandoned within our Agricultural Products segment to their salvage value of zero as the majority of these long-lived assets have no future use and are anticipated to be demolished. The loss noted in the above table represents the accelerated depreciation of these assets recorded during the period.
(2) | This amount represents severance liabilities associated with the Zeolites shutdown as further described in Note 8.
(in Millions) | Year ended December 31, 2011 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Total Gains (Losses) (Year Ended December 31, 2011)
Assets |  |  |  |  |  |  |  |  |
Long-lived assets to be abandoned (1) | $ | 2.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 2.3 |  |  | $ | (16.4 | )
Total Assets | $ | 2.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 2.3 |  |  | $ | (16.4 | )
Liabilities |  |  |  |  |  |  |  |  |
Liabilities associated with exit activities (2) | 5.5 |  |  | — |  |  | 5.5 |  |  | — |  |  | (5.5 | )
Total Liabilities | $ | 5.5 |  |  | $ | — |  |  | $ | 5.5 |  |  | $ | — |  |  | $ | (5.5 | )
____________________
(1) | In connection with the Sodium Percarbonate phase-out, we recorded charges to write down the value of the related long-lived assets to be abandoned to their salvage value of $0.7 million. We also recognized a $1.6 million charge to write down certain other assets to fair value in our Industrial Chemicals segment during the year ended December 31, 2011. The loss noted in the above table represents the accelerated depreciation and write-down of these assets recorded during the period.
(2) | This amount represents severance liabilities associated with the Sodium Percarbonate phase-out as further described in Note 8.

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 33 -Subparagraph a, b -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 820 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19296-110258 + Details
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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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959 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 b -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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959 + Details
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- 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 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. + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258 + Details
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