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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2012
Fair Value Measurements [Abstract]  
Carrying amount and fair values of the Company's assets and liabilities measured on a recurring basis
                                 
    December 31, 2012     December 31, 2011  

(in millions)

  Carrying
Amount
    Fair
Value
    Carrying
Amount
    Fair
Value
 

Assets

                               

Non-derivatives:

                               

Cash and cash equivalents

  $ 22.4     $ 22.4     $ 76.2     $ 76.2  

Short-term investments

    5.1       5.1       4.8       4.8  

Non-financial assets (Level 3 measurement):

                               

Goodwill – Octane Additives

    1.3       1.3       2.6       2.6  

Derivatives (Level 1 measurement):

                               

Other non-current assets:

                               

Commodity swaps

    0.1       0.1       0.2       0.2  

Foreign currency forward exchange contracts

    0.8       0.8       0.0       0.0  
         

Liabilities

                               

Non-derivatives:

                               

Long-term debt (including current portion)

    30.0       30.0       35.0       35.0  

Non-financial liabilities (Level 3 measurement):

                               

Acquisition-related contingent consideration

    4.3       4.3       0.0       0.0  

Derivatives (Level 1 measurement):

                               

Other non-current liabilities:

                               

Interest rate swaps

    0.0       0.0       0.1       0.1  

Foreign currency forward exchange contracts

  $ 0.0     $ 0.0     $ 0.5     $ 0.5  
Summary of cumulative gains and losses on the interest rate swaps and commodity swaps
                 

(in millions)

  2012     2011  

Balance at January 1

  $ 0.1     $ 1.2  

Change in fair value

    0.0       (1.1
   

 

 

   

 

 

 

Balance at December 31

  $ 0.1     $ 0.1