ARCH CHEMICALS INC
CIK:0001072343|SEC Filings
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Discontinued Operations
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6 Months Ended |
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Jun. 30, 2011
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| Discontinued Operations | |
| Discontinued Operations | 6. Discontinued Operations On March 31, 2010, the Company completed the sale of its industrial coatings business to The Sherwin-Williams Company. Gross proceeds from the sale, before expenses and the final working capital adjustment, were €39.9 million (approximately $54 million). As a result of the sale, the Company recorded an after-tax gain of $6.0 million, which included $27.7 million of net cumulative historical foreign currency translation gains that were recognized at the time of the sale. $5.6 million of the gain was recorded during the six months ended June 30, 2010. Proceeds from the sale are being used for general corporate purposes. The business had sales for the three months ended March 31, 2010 of $34.5 million. |
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Derivative Instruments and Hedging (Derivative Instruments Designated as Cash Flow Hedges on Financial Statements) (Details) (USD $)
In Millions |
3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | ||||||||
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Jun. 30, 2011
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Dec. 31, 2010
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Jun. 30, 2011
Cash Flow Hedges [Member]
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Jun. 30, 2010
Cash Flow Hedges [Member]
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Jun. 30, 2011
Cash Flow Hedges [Member]
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Jun. 30, 2010
Cash Flow Hedges [Member]
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Jun. 30, 2011
Cash Flow Hedges [Member]
Interest Rate Swap Agreement [Member]
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Jun. 30, 2010
Cash Flow Hedges [Member]
Interest Rate Swap Agreement [Member]
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Jun. 30, 2011
Cash Flow Hedges [Member]
Interest Rate Swap Agreement [Member]
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Jun. 30, 2010
Cash Flow Hedges [Member]
Interest Rate Swap Agreement [Member]
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Jun. 30, 2011
Cash Flow Hedges [Member]
Foreign Currency Forward Contracts [Member]
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Jun. 30, 2010
Cash Flow Hedges [Member]
Foreign Currency Forward Contracts [Member]
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Jun. 30, 2011
Cash Flow Hedges [Member]
Foreign Currency Forward Contracts [Member]
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Jun. 30, 2010
Cash Flow Hedges [Member]
Foreign Currency Forward Contracts [Member]
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| Accumulated Other Comprehensive Loss ("AOCL") | $ (180.8) | $ (193.2) | $ 1.5 | $ 1.1 | $ 0.8 | $ 0.7 | $ 0.4 | $ 0.8 | $ 0.6 | $ 0.8 | $ 1.1 | $ 0.3 | $ 0.2 | $ (0.1) |
| Effective Portion Recorded in AOCL | 0.4 | (0.1) | 1.3 | 0.4 | 0 | 0.1 | 0 | 0.3 | 0.4 | (0.2) | 1.3 | 0.1 | ||
| Effective Portion Reclassified from AOCL to Selling and administration | (0.6) | (0.2) | (0.6) | (0.1) | 0 | 0 | 0 | 0 | (0.6) | (0.2) | (0.6) | (0.1) | ||
| Effective Portion Reclassified from AOCL to Interest expense | (0.1) | (0.2) | (0.3) | (0.4) | (0.1) | (0.2) | (0.3) | (0.4) | 0 | 0 | 0 | 0 | ||
| AOCL Balance | $ (180.8) | $ (193.2) | $ 1.2 | $ 0.6 | $ 1.2 | $ 0.6 | $ 0.3 | $ 0.7 | $ 0.3 | $ 0.7 | $ 0.9 | $ (0.1) | $ 0.9 | $ (0.1) |