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Financial Instrument, Risk Management and Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2013
Financial Instruments Risk Management And Fair Value Measurements [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
The following table provides the gross fair value and net balance sheet presentation of our derivative instruments as of March 31, 2013 and December 31, 2012.
 
March 31, 2013
 
Gross Amount of Derivatives
 
 
 
 
 
 
(in Millions)
Designated as Cash Flow Hedges
 
Not Designated as Hedging Instruments
 
Total Gross Amounts
 
Gross Amounts Offset in the Consolidated Balance Sheet (3)
 
Net Amounts
Derivatives
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
$
10.1

 
$
2.0

 
$
12.1

 
$
(6.1
)
 
$
6.0

Energy contracts
2.9

 
—

 
2.9

 
(0.1
)
 
2.8

Other contracts
0.2

 
—

 
0.2

 
—

 
0.2

Total Derivative Assets (1)
$
13.2

 
$
2.0

 
$
15.2

 
$
(6.2
)
 
$
9.0

 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
$
(4.4
)
 
$
(2.6
)
 
$
(7.0
)
 
$
6.1

 
$
(0.9
)
Energy contracts
(0.4
)
 
—

 
(0.4
)
 
0.1

 
(0.3
)
Total Derivative Liabilities (2)
$
(4.8
)
 
$
(2.6
)
 
$
(7.4
)
 
$
6.2

 
$
(1.2
)
 
 
 
 
 
 
 
 
 
 
Net Derivative Assets/(Liabilities)
$
8.4

 
$
(0.6
)
 
$
7.8

 
$
—

 
$
7.8

 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
Gross Amount of Derivatives
 
 
(in Millions)
Designated as Cash Flow Hedges
 
Not Designated as Hedging Instruments
 
Gross Amounts
 
Gross Amounts Offset in the Consolidated Balance Sheet (3)
 
Net Amounts
Derivatives
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
$
5.7

 
$
—

 
$
5.7

 
$
(4.2
)
 
$
1.5

Energy contracts
0.2

 
—

 
0.2

 
(0.2
)
 
—

Other contracts
0.2

 
—

 
0.2

 
—

 
0.2

Total Derivative Assets (1)
$
6.1

 
$
—

 
$
6.1

 
$
(4.4
)
 
$
1.7

 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
$
(4.7
)
 
$
(1.9
)
 
$
(6.6
)
 
$
4.2

 
$
(2.4
)
Energy contracts
(1.7
)
 
—

 
(1.7
)
 
0.2

 
(1.5
)
Total Derivative Liabilities (2)
$
(6.4
)
 
$
(1.9
)
 
$
(8.3
)
 
$
4.4

 
$
(3.9
)
 
 
 
 
 
 
 
 
 
 
Net Derivative Assets/(Liabilities)
$
(0.3
)
 
$
(1.9
)
 
$
(2.2
)
 
$
—

 
$
(2.2
)
____________________
(1)
Net balance is included in “Prepaid and other current assets” in the condensed consolidated balance sheets.
(2)
Net balance is included in “Accrued and other liabilities” in the condensed consolidated balance sheets.
(3)
Represents net derivatives positions subject to master netting arrangements.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]
The tables below summarizes the gains or losses related to our cash flow hedges and derivatives not designated as hedging instruments for the three months ended March 31, 2013 and 2012.

Derivatives in Cash Flow Hedging Relationships

 
Three Months Ended March 31
 
Contracts
 
 
 
 
 
Foreign exchange
 
Energy
 
Other
 
Total
(in Millions)
2013
 
2012
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
Unrealized hedging gains (losses) and other, net of tax
$
3.8

 
$
3.3

 
$
2.4

 
$
(2.5
)
 
$
—

 
$
—

 
$
6.2

 
$
0.8

Reclassification of deferred hedging (gains) losses, net of tax (1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Effective Portion
(0.8
)
 
(1.1
)
 
0.2

 
1.6

 
—

 
—

 
(0.6
)
 
0.5

Ineffective Portion
(0.1
)
 
(0.1
)
 
—

 
—

 
—

 
—

 
(0.1
)
 
(0.1
)
Total derivative instrument impact on comprehensive income
$
2.9

 
$
2.1

 
$
2.6

 
$
(0.9
)
 
$
—

 
$
—

 
$
5.5

 
$
1.2

____________________
(1)
See Note 14 for classification of amounts within 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 March 31
(in Millions)
 
2013
 
2012
Foreign Exchange contracts
Cost of Sales and Services
$
(1.9
)
 
$
3.4

Total
 
$
(1.9
)
 
$
3.4
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
(in Millions)
March 31, 2013
 
Quoted
Prices
in  Active
Markets  for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Assets
 
 
 
 
 
 
 
Derivatives – Commodities (1):
 
 
 
 
 
 
 
Energy contracts
$
2.8

 
$
—

 
$
2.8

 
$
—

Other contracts
0.2

 
—

 
0.2

 
—

Derivatives – Foreign Exchange (1)
6.0

 
—

 
6.0

 
—

Other (2)
36.1

 
36.1

 
—

 
—

Total Assets
$
45.1

 
$
36.1

 
$
9.0

 
$
—

 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
Derivatives – Commodities (1):
 
 
 
 
 
 
 
Energy contracts
$
0.3

 
$
—

 
$
0.3

 
$
—

Derivatives – Foreign Exchange (1)
0.9

 
—

 
0.9

 
—

Acquisition (3)
1.0

 
—

 
—

 
1.0

Other (4)
42.5

 
42.5

 
—

 
—

Total Liabilities
$
44.7

 
$
42.5

 
$
1.2

 
$
1.0

 
(in Millions)
December 31, 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 (1):
 
 
 
 
 
 
 
Energy contracts
$
—

 
$
—

 
$
—

 
$
—

Other contracts
0.2

 
—

 
0.2

 
—

Derivatives – Foreign Exchange
1.5

 
—

 
1.5

 
—

Other (2)
33.0

 
33.0

 
—

 
—

Total Assets
$
34.7

 
$
33.0

 
$
1.7

 
$
—

 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
Derivatives – Commodities (1):
 
 
 
 
 
 
 
Energy contracts
$
1.5

 
$
—

 
$
1.5

 
$
—

Derivatives – Foreign Exchange (1)
2.4

 
—

 
2.4

 
—

Acquisition (3)
1.0

 
—

 
—

 
1.0

Other (4)
39.8

 
39.8

 
—

 
—

Total Liabilities
$
44.7

 
$
39.8

 
$
3.9

 
$
1.0

____________________
(1)
See the Fair Value of Derivative Instruments table within this Note for classification on our condensed consolidated balance sheet.
(2)
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.
(3)
Represents contingent consideration associated with acquisitions completed during 2011. See Note 3 for more information. The changes in this Level 3 liability represented payments made against the liability.
(4)
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.
Fair Value Measurements, Nonrecurring [Table Text Block]
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 three months ended March 31, 2013 and the year ended December 31, 2012.
(in Millions)
Three months ended March 31, 2013
 
Quoted
Prices
in Active
Markets  for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
 
Total Gains (Losses) (Three Months Ended March, 2013)
Assets
 
 
 
 
 
 
 
 
 
Long-lived assets to be abandoned (1)
$
—

 
$
—


$
—


$
—


$
(1.0
)
Total Assets
$
—

 
$
—

 
$
—

 
$
—

 
$
(1.0
)
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
Liabilities associated with exit activities (2)
$
4.8

 
$
—

 
$
4.8

 
$
—

 
$
(4.8
)
Total Liabilities
$
4.8

 
$
—

 
$
4.8

 
$
—

 
$
(4.8
)
____________________
(1)
We recorded charges to write down the value of certain long-lived assets to be abandoned within our Specialty Chemicals segment, related to our Lithium restructuring, to their salvage value of zero as these long-lived assets have no future use and are anticipated to be demolished.
(2)
This amount represents severance liabilities associated with the Lithium restructuring as further described in Note 7.

(in Millions)
Year ended December 31, 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)
(Year Ended
December 31,
2012)
Assets
 
 
 
 
 
 
 
 
 
Long-lived assets to be abandoned (1)
$
3.1

 
$
—

 
$
—

 
$
3.1

 
$
(15.9
)
Total Assets
$
3.1

 
$
—

 
$
—

 
$
3.1

 
$
(15.9
)
 
 
 
 
 
 
 
 
 
 
Liabilities
 
 
 
 
 
 
 
 
 
Liabilities associated with exit activities (2)
5.6

 
—

 
5.6

 
—

 
(5.6
)
Total Liabilities
$
5.6

 
$
—

 
$
5.6

 
$
—

 
$
(5.6
)
____________________
(1)
We recorded charges to write down the value of certain long-lived assets to be abandoned within our Agricultural Products and Specialty Chemicals segments to zero and in our Industrial Chemicals segments to their salvage value of $3.1 million, respectively. 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.