XML 121 R51.htm IDEA: XBRL DOCUMENT v2.4.0.8
Derivative Instruments and Risk Management (Tables)
 12 Months Ended
Dec. 31, 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:

 

     December 31,
2013		      December 31,
2012		  

(in millions)

    Carrying
Amount		      Fair
Value		      Carrying
Amount		      Fair
Value		  

Notional quantity – 275 tonnes

          $ 0.1       $ 0.1   

Notional quantity – 0 tonnes

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

These foreign currency forward exchange contracts have not been designated as hedging instruments, and their impact on the income statement in 2013, 2012 and 2011 is summarized below:

 

    

Location of Gain/(Loss)
Recognized in Income

    Amount of Gain/(Loss)
Recognized in Income		  

(in millions)

         2013         2012          2011    

Foreign currency forward exchange contracts

    Other income/(expense)    $ (1.5 )    $ 1.2       $ 1.3