Financial Instruments and Hedging Activities (Tables)

The following table presents the fair values of derivative instruments included on the Consolidated balance sheet:


	Derivative Assets					Derivative Liabilities
In millions	Balance Sheet Classification	June 30, 2012		December 31, 2011		Balance Sheet Classification	June 30, 2012			December 31, 2011
Derivatives designated as hedging instruments
Foreign currency	Prepaid expenses and other current assets	$	8.6	$	6.7	Accrued payroll and other liabilities	$	(0.8	)	$	(0.3	)
Interest rate	Prepaid expenses and other current assets		20.0		9.4
Commodity	Miscellaneous other assets		3.1		—
Foreign currency	Miscellaneous other assets		6.0		0.7	Other long-term liabilities		(5.0	)		(0.3	)
Interest rate	Miscellaneous other assets		26.9		46.0	Other long-term liabilities		—			(14.0	)
Total derivatives designated as hedging instruments		$	64.6	$	62.8		$	(5.8	)	$	(14.6	)
Derivatives not designated as hedging instruments
Foreign currency	Prepaid expenses and other current assets	$	6.9	$	8.3	Accrued payroll and other liabilities	$	(4.4	)	$	(1.0	)
Equity	Miscellaneous other assets		137.3		154.5
Total derivatives not designated as hedging instruments		$	144.2	$	162.8		$	(4.4	)	$	(1.0	)
Total derivatives		$	208.8	$	225.6		$	(10.2	)	$	(15.6	)

The following table presents the pretax amounts affecting income and OCI for the six months ended June 30, 2012 and 2011, respectively:


In millions
Derivatives in Fair Value Hedging Relationships	Gain (Loss) Recognized in Income on Derivative						Hedged Items in Fair Value Hedging Relationships						Gain (Loss) Recognized in Income on Related Hedged Items
Derivatives in Fair Value Hedging Relationships	2012			2011			Hedged Items in Fair Value Hedging Relationships						2012			2011

Interest rate	$	(8.5	)	$	(13.8	)		Fixed-rate debt					$	8.5		$	13.8

Derivatives in Cash flow Hedging Relationships	Gain (Loss) Recognized in Accumulated OCI on Derivative (Effective Portion)						Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)						Gain (Loss) Recognized in Income on Derivative (Amount Excluded from Effectiveness Testing and Ineffective Portion)
Derivatives in Cash flow Hedging Relationships		2012			2011			2012			2011			2012			2011


Commodity	$	3.1		$	—		$	—		$	—		$	—		$	—
Foreign currency		8.3			(5.4	)		(4.7	)		(0.2	)		(4.6	)		(6.8	)
Interest rate⁽¹⁾		(4.6	)		—			0.3			1.1			—			—
Total	$	6.8		$	(5.4	)	$	(4.4	)	$	0.9		$	(4.6	)	$	(6.8	)



Net Investment Hedging Relationships	Gain (Loss) Recognized in Accumulated OCI on Derivative (Effective portion)						Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion)					Derivatives Not Designated as Hedging Instruments	Gain (Loss) Recognized in Income on Derivative
Net Investment Hedging Relationships		2012			2011			2012		2011		Derivatives Not Designated as Hedging Instruments		2012			2011


Foreign currency denominated debt	$	66.0		$	(266.5	)	$	—	$	—		Foreign Currency	$	(0.6	)	$	0.1
Foreign currency derivatives		(4.8	)		(9.4	)		—		(8.2	)	Equity⁽²⁾		(17.2	)		11.6
Total	$	61.2		$	(275.9	)	$	—	$	(8.2	)	Total	$	(17.8	)	$	11.7

Gains (losses) recognized in income on derivatives are recorded in “Nonoperating (income) expense, net” unless otherwise noted.

(1)	The amount of gain (loss) reclassified from accumulated OCI into income is recorded in Interest expense.

(2)	The amount of gain (loss) recognized in income on the derivatives used to hedge the supplemental benefit plan liabilities is recorded in Selling, general & administrative expenses.

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

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- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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