XML 114 R36.htm IDEA: XBRL DOCUMENT v2.4.0.8
Derivative Instruments and Risk Management (Tables)
6 Months Ended
Jun. 30, 2013
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Summary of Commodity Swaps

The Company has hedged the cost of certain raw materials with commodity swaps which are summarized as follows:

 

     June 30, 2013      December 31, 2012  

(in millions)

   Carrying
Amount
     Fair
Value
     Carrying
Amount
     Fair
Value
 

Notional quantity—275 tonnes

         $ 0.1       $ 0.1   

Notional quantity—25 tonnes

   $ 0.0       $ 0.0         
Summary of Foreign Currency Forward Exchange Contracts Which Have Not Been Designated as Hedging Instruments, and Their Impact on the Income Statement

These foreign currency forward exchange contracts have not been designated as hedging instruments, and their impact on the income statement for the first six months of 2013 is summarized below:

 

(in millions)

   Location of Gain/(Loss)
Recognized in Income
   Amount of Gain/(Loss)
Recognized in Income
 

Foreign currency forward exchange contracts

   Other income/(expense)    $   1.0