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Fair Value of Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2013
Financial Instruments, Owned, at Fair Value [Abstract]  
Financial assets and liabilities accounted for at fair value on a recurring basis by level within the fair value hierarchy
The following tables set forth the company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2013 and December 31, 2012 by level within the fair value hierarchy.  Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.
 
Fair Value as of June 30, 2013
(in millions)
Level 1
 
Level 2
 
Level 3
 
Total
Current Assets:
 

 
 

 
 

 
 

Foreign currency exchange contracts
$

 
$
1.4

 
$

 
$
1.4

Marketable securities
2.7

 

 

 
2.7

Total current assets at fair value
$
2.7

 
$
1.4

 
$

 
$
4.1

Current Liabilities:
 

 
 

 
 

 
 

Foreign currency exchange contracts
$

 
$
2.9

 
$

 
$
2.9

Commodity contracts

 
1.4

 

 
1.4

Total current liabilities at fair value
$

 
$
4.3

 
$

 
$
4.3

 
 
 
 
 
 
 
 
Non-current Liabilities:
 
 
 
 
 
 
 
Interest rate swap contracts
$

 
$
8.4

 
$

 
$
8.4

Total Non-current liabilities at fair value
$

 
$
8.4

 
$

 
$
8.4

 
Fair Value as of December 31, 2012
(in millions)
Level 1
 
Level 2
 
Level 3
 
Total
Current Assets:
 

 
 

 
 

 
 

Foreign currency exchange contracts
$

 
$
2.9

 
$

 
$
2.9

Marketable securities
2.7

 

 

 
2.7

Total current assets at fair value
$
2.7

 
$
2.9

 
$

 
$
5.6

Current Liabilities:
 

 
 

 
 

 
 

Foreign currency exchange contracts
$

 
$
0.9

 
$

 
$
0.9

Commodity contracts

 
0.8

 

 
0.8

Interest rate swap contracts

 
0.3

 

 
0.3

Total current liabilities at fair value
$

 
$
2.0

 
$

 
$
2.0

Non-current Liabilities:
 

 
 

 
 

 
 

Interest rate swap contracts
$

 
$
1.1

 
$

 
$
1.1

Total non-current liabilities at fair value
$

 
$
1.1

 
$

 
$
1.1