v2.3.0.15
Derivative Instruments (Tables)
9 Months Ended
Sep. 30, 2011
Derivative Instruments [Abstract] 
Schedule Of Derivatives At Fair Value
                 Derivative Assets                                 Derivative Liabilities        
 
September 30,
        2011       
  December 31, 
             2010        
        September 30,
                    2011       
December 31,
       2010      
                             
Derivatives Designated as Hedging Instruments      
Foreign currency forward contracts - current(1)
  $1.3         $16.8        $7.8        $0.6      
Foreign currency forward contracts - non-current(2)
 --         0.1        0.5        0.1      
 
1.3        
16.9       
8.3       
0.7      
         
Derivatives Not Designated as Hedging Instruments      
Foreign currency forward contracts - current(1)
--        
0.2       
0.1       
--      
 
--        
0.2       
0.1       
--      
Total
$1.3        
$17.1       
$8.4       
$0.7      
 
 
 (1)
Derivative assets and liabilities that have maturity dates equal to or less than twelve months from the respective balance sheet date were included in other current assets and accrued liabilities and other, respectively, on our condensed consolidated balance sheets.
     
 
 (2)
Derivative assets and liabilities that have maturity dates greater than twelve months from the respective balance sheet date were included in other assets, net, and other liabilities, respectively, on our condensed consolidated balance sheets.
Gains And Losses On Derivatives Designated As Cash Flow Hedges
Three Months Ended September 30, 2011 and 2010
 
Derivatives Designated
   as Cash Flow Hedges   
Gain (Loss)
Recognized in
Other Comprehensive
Income ("OCI")
  (Effective Portion)  
 Gain (Loss)
 Reclassified from
Accumulated Other
Comprehensive Income
("AOCI") into Income
      (Effective Portion)    
  
Gain (Loss)
Recognized in Income on
Derivatives (Ineffective
Portion and Amount
Excluded from
Effectiveness Testing)(1)
   
2011
    
2010
    
2011   
 
  2010    
    
2011  
 
  2010      
                             
Interest rate lock contracts(2)
  
$   --
 
$  --
    
$(.1)   
  
$(.2)   
   
$  --    
  
$ --       
Foreign currency forward contracts(3)
  
(7.6
 ) 
8.7
    
.6    
  
--    
    
(.2)   
  
.1       
Total
  
$(7.6
 ) 
$8.7
    
$ .5    
  
$(.2)   
    
$(.2)   
    
$ .1       
 
 
Nine Months Ended September 30, 2011 and 2010
 
Derivatives Designated
   as Cash Flow Hedges   
Gain (Loss)
Recognized in OCI
(Effective Portion)
   Gain (Loss)
   Reclassified from
   AOCI into Income
     (Effective Portion)   
  
Gain (Loss) Recognized
in Income on
Derivatives (Ineffective
Portion and Amount
Excluded from
Effectiveness Testing)(1)
   
2011
  
2010
    
2011   
   
2010     
    
2011  
 
    2010        
                             
Interest rate lock contracts(2)
  
$   --
 
$  --
   
$(.4)   
  
$(.5)     
   
$ --   
  
$  --         
Foreign currency forward contracts(3)
  
(1.6
 ) 
5.7
   
3.2    
  
1.8     
    
.5   
 
(.1)        
Total
  
$(1.6
 )
$5.7
    
$2.8    
 
$1.3     
    
$ .5   
 
$(.1)        
 
 
 (1)
Gains and losses recognized in income for ineffectiveness and amounts excluded from effectiveness testing were included in other, net, in our condensed consolidated statements of income.
     
 
 (2)
Losses on derivatives reclassified from AOCI into income (effective portion) were included in interest expense in our condensed consolidated statements of income.
     
 
 (3)
Gains and losses on derivatives reclassified from AOCI into income (effective portion) were included in contract drilling expense in our condensed consolidated statements of income.