10-Q

10-Q

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

(Mark One)

þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarter ended September 30, 2011

OR

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                                          to                                          

Commission File Number 1-31330

Cooper Industries plc

(Exact name of registrant as specified in its charter)

Ireland	98-0632292
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

5 Fitzwilliam Square	Dublin 2, Ireland
(Address of principal executive offices)	(Zip Code)

(713) 209-8400
(Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report.)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes þ       No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes þ       No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer þ Accelerated Filer o Non-Accelerated Filer o Smaller Reporting Company o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes o       No þ

Number of registrant’s common shares outstanding as of September 30, 2011 was 158,101,261.

TABLE OF CONTENTS

PART I — FINANCIAL INFORMATION
	Item 1. Financial Statements
	Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
	Item 4. Controls and Procedures
PART II — OTHER INFORMATION
	Item 1. Legal Proceedings
	Item 1A. Risk Factors
	Item 2. Changes in Securities, Use of Proceeds and Issuer Purchases of Equity Securities
	Item 3. Defaults Upon Senior Securities
	Item 6. Exhibits
Signatures
Exhibit Index
EX-12
EX-31.1
EX-31.2
EX-32.1
EX-32.2
EX-101 INSTANCE DOCUMENT
EX-101 SCHEMA DOCUMENT
EX-101 CALCULATION LINKBASE DOCUMENT
EX-101 LABELS LINKBASE DOCUMENT
EX-101 PRESENTATION LINKBASE DOCUMENT
EX-101 DEFINITION LINKBASE DOCUMENT

PART I – FINANCIAL INFORMATION

Item 1. Financial Statements

COOPER INDUSTRIES PLC
CONSOLIDATED INCOME STATEMENTS
(unaudited)

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2011			2010			2011			2010
				(in millions, except per share data)
Revenues	$	1,389.7		$	1,240.7		$	4,036.3		$	3,806.0
Cost of sales		931.2			821.6			2,682.0			2,537.7
Selling and administrative expenses		269.2			236.7			779.8			737.1
Equity in (income) of Apex Tool Group, LLC		(16.0	)		(10.5	)		(44.9	)		(10.5	)
Loss related to contribution of net assets to Apex Tool Group, LLC		—			—			—			134.5
Restructuring charges		—			1.5			—			8.0
Operating earnings		205.3			191.4			619.4			399.2
Interest expense, net		16.4			12.3			49.8			36.2
Income from continuing operations before income taxes		188.9			179.1			569.6			363.0
Income taxes expense		28.7			37.4			92.2			61.1
Income from continuing operations		160.2			141.7			477.4			301.9
Income related to discontinued operations, net of income taxes		—			—			190.3			—
Net income	$	160.2		$	141.7		$	667.7		$	301.9
Income per common share:
Basic:
Income from continuing operations	$	.99		$	.86		$	2.91		$	1.81
Income from discontinued operations		—			—			1.16			—
Net income	$	.99		$	.86		$	4.07		$	1.81
Diluted:
Income from continuing operations	$	.98		$	.85		$	2.87		$	1.79
Income from discontinued operations		—			—			1.14			—
Net income	$	.98		$	.85		$	4.01		$	1.79
Cash dividends declared per common share	$	.29		$	.27		$	.87		$	.81

The accompanying notes are an integral part of these statements.

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COOPER INDUSTRIES PLC
CONSOLIDATED BALANCE SHEETS
(unaudited)

	September 30,			December 31,
	2011			2010
	(in millions)
ASSETS
Cash and cash equivalents	$	430.6		$	1,035.3
Receivables, less allowances		942.3			795.9
Inventories		506.3			438.9
Current discontinued operations receivable		3.8			13.0
Other current assets		225.8			207.5
Total current assets		2,108.8			2,490.6
Property, plant and equipment, less accumulated depreciation		615.7			608.3
Investment in Apex Tool Group, LLC		531.2			511.3
Goodwill		2,513.6			2,356.5
Other intangible assets, less accumulated amortization		372.6			333.6
Long-term discontinued operations receivable		5.1			150.6
Other noncurrent assets		175.0			217.7
Total assets	$	6,322.0		$	6,668.6
LIABILITIES AND SHAREHOLDERS’ EQUITY
Short-term debt	$	6.2		$	7.7
Accounts payable		465.4			462.6
Accrued liabilities		527.7			510.1
Current discontinued operations liability		9.4			45.4
Current maturities of long-term debt		0.7			0.6
Total current liabilities		1,009.4			1,026.4
Long-term debt		1,420.9			1,420.4
Long-term discontinued operations liability		40.5			701.7
Other long-term liabilities		398.2			314.0
Total liabilities		2,869.0			3,462.5
Common stock, $.01 par value		1.7			1.7
Retained earnings		4,288.9			3,658.7
Treasury stock		(671.6	)		(288.6	)
Accumulated other nonowner changes in equity		(166.0	)		(165.7	)
Total shareholders’ equity		3,453.0			3,206.1
Total liabilities and shareholders’ equity	$	6,322.0		$	6,668.6

The accompanying notes are an integral part of these statements.

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COOPER INDUSTRIES PLC
CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited)

	Nine Months Ended
	September 30,
	2011			2010
	(in millions)
Cash flows from operating activities:
Net income	$	667.7		$	301.9
(Income) related to discontinued operations		(190.3	)		—
Income from continuing operations		477.4			301.9
Adjustments to reconcile to net cash provided by operating activities:
Depreciation and amortization		96.7			107.7
Deferred income taxes		53.1			(35.6	)
Excess tax benefits from stock options and awards		(13.3	)		(4.8	)
Distribution of earnings from Apex Tool Group, LLC		20.9			—
Equity in (income) of Apex Tool Group, LLC		(44.9	)		(10.5	)
Loss related to contribution of net assets to Apex Tool Group, LLC		—			134.5
Restructuring charges		—			8.0
Changes in assets and liabilities: (1)
Receivables		(115.5	)		(150.7	)
Inventories		(37.3	)		(61.4	)
Accounts payable and accrued liabilities		(5.5	)		91.2
Discontinued operations assets and liabilities, net		(246.6	)		(10.2	)
Other assets and liabilities, net		(8.0	)		26.9
Net cash provided by operating activities		177.0			397.0
Cash flows from investing activities:
Capital expenditures		(84.8	)		(57.9	)
Cash paid for acquired businesses		(250.1	)		(21.6	)
Cash restricted for business acquisition		—			(34.9	)
Proceeds from sales of property, plant and equipment and other		15.8			(4.6	)
Net cash used in investing activities		(319.1	)		(119.0	)
Cash flows from financing activities:
Short-term debt, net		(4.6	)		(2.3	)
Debt issuance costs		(1.0	)		—
Dividends		(141.4	)		(132.7	)
Purchases of treasury shares		(383.0	)		(276.0	)
Excess tax benefits from stock options and awards		13.3			4.8
Proceeds from exercise of stock options and other		54.8			34.5
Net cash used in financing activities		(461.9	)		(371.7	)
Effect of exchange rate changes on cash and cash equivalents		(0.7	)		8.1
Decrease in cash and cash equivalents		(604.7	)		(85.6	)
Cash and cash equivalents, beginning of period		1,035.3			381.6
Cash and cash equivalents, end of period	$	430.6		$	296.0

⁽¹⁾  Net of the effects of acquisitions and translation.

The accompanying notes are an integral part of these statements.

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COOPER INDUSTRIES PLC

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

Note 1. Accounting Policies

     Basis of Presentation - The consolidated financial statements of Cooper Industries plc, an Irish company (“Cooper”), have been prepared in accordance with generally accepted accounting principles in the United States. The financial information presented as of any date other than December 31 has been prepared from the books and records without audit. Financial information as of December 31 has been derived from Cooper’s audited financial statements, but does not include all disclosures required by generally accepted accounting principles. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the financial information for the periods indicated, have been included. For further information regarding Cooper’s accounting policies, refer to the Consolidated Financial Statements and related notes for the year ended December 31, 2010 included in Part IV of Cooper’s 2010 Annual Report on Form 10-K.

     On March 26, 2010, Cooper announced that it entered into a Framework Agreement with Danaher Corporation to create a joint venture combining Cooper’s Tools business with certain Tools businesses from Danaher’s Tools and Components Segment (the “Joint Venture”). On July 6, 2010, Cooper announced the completion of the Joint Venture, named Apex Tool Group, LLC. Cooper and Danaher each own a 50% interest in the Joint Venture, have equal representation on its Board of Directors and have a 50% voting interest in the Joint Venture. At completion of the transaction in July 2010 Cooper deconsolidated the Tools business assets and liabilities contributed to the Joint Venture and recognized Cooper’s 50% ownership interest as an equity investment. Recording the investment at its fair value of $480 million resulted in a pretax loss of $134.5 million related to the transaction, which was recognized in the second quarter of 2010. Beginning in the third quarter of 2010, Cooper recognizes its proportionate share of the Joint Venture’s operating results using the equity method.

     New Accounting Pronouncements – In June 2011 the Financial Accounting Standards Board issued revised guidance on the presentation of comprehensive income that will be effective for Cooper beginning in 2012. This guidance eliminates the option to present the components of comprehensive income as part of the statement of shareholders’ equity and also requires presentation of reclassification adjustments from other comprehensive income to net income on the face of the financial statements. The implementation of this revised guidance in 2012 will change the presentation of our financial statements but will not have any impact on our consolidated financial condition, results of operations or cash flows.

Note 2. Acquisitions

     Cooper has completed a number of acquisitions that were selected because of their strategic fit with existing Cooper businesses or were new strategic lines that were complementary to Cooper’s operations. In the nine month period ended September 30, 2011, Cooper completed four acquisitions, two in the Energy and Safety Solutions segment (including Gitiesse srl, a manufacturer of marine and oil and gas communications systems specializing in the manufacture of digital integrated multimedia communications systems for vessels worldwide) and two in the Electrical Products Group (including Martek Power, a manufacturer of power electronic components specializing in the manufacture of highly specialized power management devices for the military, heavy-duty transportation, aerospace, medical, telecom and hybrid/electrical vehicle markets), and also acquired certain other intangible assets in the Electrical Products Group. In 2010 Cooper completed five acquisitions, four in the Energy and Safety Solutions segment and one in the Electrical Products Group, and also acquired certain other intangible assets in the Electrical Products Group.

     The acquisition date fair value of the total consideration for the 2011 transactions was approximately $263.3 million and resulted in the preliminary recognition of aggregate goodwill of $154.4 million, substantially all of which is not expected to be deductible for tax purposes. The goodwill arising from the

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2011 transactions includes $116.4 million related to the Electrical Products Group segment and $38.0 million related to the Energy and Safety Solutions segment. The goodwill arises because the purchase price reflects a number of factors including the future earnings and cash flow potential of these businesses and the complimentary strategic fit and resulting synergies these businesses bring to existing operations. The transactions consummated in 2011 also resulted in the preliminary recognition of $57.0 million in other intangible assets consisting primarily of customer relationships, technology and trademarks. All of the other intangibles are finite-lived intangible assets that are preliminarily expected to be amortized over periods of 3 to 15 years with a weighted average amortization period of approximately 10 years.

     The following table summarizes the preliminary aggregate estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for the acquisitions consummated during the nine months ended September 30, 2011:

	(in millions)
Receivables	$	30.4
Inventories		33.2
Property, plant and equipment		6.9
Goodwill		154.4
Other intangible assets		57.0
Accounts payable		(18.8	)
Debt		(2.7	)
Other assets and liabilities, net		(10.3	)
Net cash consideration	$	250.1

     The unaudited pro forma information for the periods set forth below gives effect to all prior acquisitions as if they had occurred at the beginning of the period. This data is presented for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved had the acquisitions been consummated as of that time.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2011		2010		2011		2010
	(in millions)
Revenues	$	1,399.7	$	1,287.2	$	4,124.4	$	3,946.2
Income from continuing operations		160.7		144.5		481.7		310.0
Diluted earnings per share from continuing operations	$	.98	$	.87	$	2.89	$	1.84

Note 3. Inventories

	September 30,			December 31,
	2011			2010
	(in millions)
Raw materials	$	206.5		$	168.6
Work-in-process		118.9			97.9
Finished goods		314.4			288.5
Perishable tooling and supplies		7.2			7.6
		647.0			562.6
Allowance for excess and obsolete inventory		(63.9	)		(57.8	)
Excess of FIFO costs over LIFO costs		(76.8	)		(65.9	)
Net inventories	$	506.3		$	438.9

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Note 4. Goodwill

     Cooper has goodwill of $2.51 billion and $2.36 billion at September 30, 2011 and December 31, 2010, respectively. Cooper completed its annual impairment tests for each reporting unit’s goodwill as of January 1, 2011. The results of step one of the goodwill impairment tests did not require the completion of step two of the test for any reporting unit.

Note 5. Contingencies

     Cooper and its subsidiaries are defendants or otherwise involved in a number of lawsuits in the ordinary course of business. Cooper records its best estimate of a loss when the loss is considered probable. When a liability is probable and there is a range of estimated loss with no best estimate in the range, Cooper records the minimum estimated liability related to the lawsuits or claims. As additional information becomes available, Cooper assesses the potential liability related to pending litigation and claims and revises its estimates. Due to uncertainties related to the resolution of lawsuits and claims, the ultimate outcome may differ from the estimates. In the opinion of management and based on liability accruals provided, the ultimate exposure with respect to these pending lawsuits and claims is not expected to have a material adverse effect on Cooper’s consolidated financial position or cash flows, although they could have a material adverse effect on the results of operations for a particular reporting period.

     The U.S. Federal Government has enacted legislation intended to deny certain federal funding and government contracts to U.S. companies that reincorporate outside the United States, including Section 745 of the Consolidated Appropriations Act, 2008 (Public Law 110-161), Section 724(c) of the Transportation, Treasury, Housing and Urban Development, the Judiciary, and Independent Agencies Appropriations Act, 2006 (Public Law 109-115), and 6 U.S.C. 395(b) of The Homeland Security Act. Cooper has self-reported to the Department of Defense certain transactions aggregating approximately $8 million with U.S. government entities which may be subject to the legislation. At the time of this filing, it is not possible to determine whether any fines or penalties may be assessed against Cooper.

     In connection with laws and regulations pertaining to the protection of the environment, Cooper and its subsidiaries are party to several environmental proceedings and remediation investigations and cleanups and, along with other companies, have been named a potentially responsible party (PRP) for certain sites at which hazardous substances have been released into the environment (“Superfund sites”).

     Each of these matters is subject to various uncertainties and it is possible that some of these matters will be decided unfavorably against Cooper. The resolution of these matters often spans several years and frequently involves regulatory oversight or adjudication. Additionally, many remediation requirements are not fixed and are likely to be affected by future technological, site and regulatory developments. Consequently, the ultimate liability with respect to such matters, as well as the timing of cash disbursements cannot be determined with certainty.

     Environmental remediation costs are accrued based on estimates of known environmental remediation exposures. Such accruals are adjusted as information develops or circumstances change. The environmental liability accrual includes amounts related to sites owned by Cooper, retained environmental liabilities related to sites previously owned by Cooper and third-party sites where Cooper was a potentially responsible party. Third-party sites usually involve multiple contributors where Cooper’s liability will be determined based on an estimate of Cooper’s proportionate responsibility for the total cleanup. The amount actually accrued for such sites is based on these estimates as well as an assessment of the financial capacity of the other potentially responsible parties. At September 30, 2011, Cooper had an accrual of $29.7 million with respect to potential environmental liabilities, including $8.8 million classified as a long-term liability. Cooper has not utilized any form of discounting in establishing its environmental liability accruals.

     In the first quarter of 2010 Cooper received two notices of potential liability under Section 107(a) of the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) from the

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United States Environmental Protection Agency with respect to the release or threatened release of hazardous substances, pollutants, and contaminants into the 17-mile stretch of the river known as the Lower Passaic River Study Area, which is part of the Diamond Alkali Superfund Site located in Newark, New Jersey. The EPA sent notices to over 125 companies. The notices to Cooper identified three former sites in the Newark area owned by the former Thomas A. Edison, Inc. and McGraw-Edison Company. The notice alleges that as the successor to Thomas A. Edison, Inc. and the McGraw-Edison Company, the former owners and operators of the facilities, Cooper may be potentially liable for response costs and clean up of the site. Although the notices do not state an amount of potential liability, Cooper has included a provision for this claim in its environmental accrual assessment based on Cooper’s current estimate of the most likely amount of losses that it believes will be incurred.

Note 6. Debt

     On May 26, 2011, Cooper entered into a credit agreement that provides a $500 million five-year committed bank credit facility that replaced Cooper’s previous credit facility that was to mature in August 2012. The agreement for the credit facility requires that Cooper maintains a prescribed limit on debt as a percentage of total capitalization. Retained earnings are unrestricted as to the payment of dividends, except to the extent that payment would cause a violation of the prescribed limit on the debt-to-total capitalization ratio. The credit agreement is not subject to termination based upon a decrease in Cooper’s debt ratings or a material adverse change. At September 30, 2011, Cooper has $500 million available under this credit facility.

     At September 30, 2011, Cooper has $6.2 million of short-term debt and has no commercial paper borrowings outstanding.

Note 7. Shareholders’ Equity

     Cooper Industries plc has common shares, $.01 par value outstanding of 158,101,261 (net of 14,325,562 treasury shares) and 164,130,802 (net of 6,537,900 treasury shares) at September 30, 2011 and December 31, 2010, respectively. During the first nine months of 2011, Cooper purchased 7,787,662 shares of treasury stock at an average price of $49.18 per share under the Board of Directors authorizations discussed below. During the first nine months of 2011, Cooper issued 1,758,121 common shares primarily in connection with employee incentive and benefit plans and Cooper’s dividend reinvestment program.

     On February 9, 2009, Cooper’s Board of Directors authorized the purchase of 10 million shares of common stock. Cooper’s Board has also authorized the repurchase of shares issued from time to time under its equity compensation plans, matched savings plan and dividend reinvestment plan in order to offset the dilution that results from issuing shares under these plans. For 2011 Cooper’s current estimate is that 3 million shares would be issued under equity compensation plans. Cooper may continue to repurchase shares under these authorizations from time to time during 2011. The decision whether to do so will depend on the favorability of market conditions, as well as potential cash requirements for acquisitions and debt repayments. As of September 30, 2011, 3,941,073 shares remain available to be repurchased under the authorizations by the Board of Directors. On November 1, 2011, Cooper’s Board of Directors increased the share repurchase authorization by 10 million shares.

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Note 8. Segment Information

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2011			2010			2011			2010
	(in millions)
Segment Revenues
Energy and Safety Solutions	$	752.2		$	655.7		$	2,184.1		$	1,840.0
Electrical Products Group		637.5			585.0			1,852.2			1,654.8
Total Electrical segments		1,389.7			1,240.7			4,036.3			3,494.8
Tools		—			—			—			311.2
Total segment revenues	$	1,389.7		$	1,240.7		$	4,036.3		$	3,806.0
Segment Operating Earnings
Energy and Safety Solutions	$	125.6		$	111.1		$	375.4		$	310.9
Electrical Products Group		88.3			94.2			270.0			250.3
Total Electrical segments		213.9			205.3			645.4			561.2
Tools		—			—			—			33.1
Total segment operating earnings		213.9			205.3			645.4			594.3
General Corporate expense		24.6			22.9			70.9			63.1
Equity in (income) of Apex Tool Group, LLC		(16.0	)		(10.5	)		(44.9	)		(10.5	)
Loss related to contribution of net assets to Apex Tool Group, LLC		—			—			—			134.5
Restructuring charges		—			1.5			—			8.0
Interest expense, net		16.4			12.3			49.8			36.2
Income from continuing operations before income taxes	$	188.9		$	179.1		$	569.6		$	363.0

Note 9. Stock-Based Compensation

     Cooper had a share-based compensation plan known as the Amended and Restated Stock Incentive Plan (the “Prior Stock Plan”). The Prior Stock Plan provided for the granting of stock options, performance-based share awards and restricted stock units. Since the Prior Stock Plan’s original inception in 1996 the aggregate number of shares authorized under the Prior Stock Plan was 41 million. On May 2, 2011, Cooper shareholders approved the Cooper Industries plc 2011 Omnibus Incentive Compensation Plan (the “2011 Incentive Plan”) which replaced the Prior Stock Plan and the Management Annual Incentive Plan (the “Bonus Plan”). The 2011 Incentive Plan is intended to promote our long-term success and achievement of both our short- and long-term business objectives and increase shareholder value by attracting, motivating, and retaining non-employee directors, officers and employees. The 2011 Incentive Plan provides for the granting of stock options, stock appreciation rights, restricted stock awards, restricted stock units, performance unit awards, performance share awards, other stock-based awards, cash-based awards and dividend equivalents to eligible participants. At the time of approval of the 2011 Incentive Plan, there were 10.6 million shares available for future grants, including approximately 4.0 million shares that were available for future grants under the Prior Stock Plan and the Bonus Plan which were transferred to and are now available for issuance under the 2011 Incentive Plan. Shares that are subject to outstanding awards under the Prior Stock Plan that are forfeited or are otherwise settled or terminated without a distribution of shares will be transferred to and available for issuance under the 2011 Incentive Plan. At May 2, 2011, Cooper had approximately 9.4 million stock awards outstanding under the Prior Stock Plan.

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     During the nine month period ended September 30, 2011, Cooper granted 1,316,090 stock option awards, 402,778 performance-based shares and 223,503 restricted stock units. As of September 30, 2011, 10,824,883 shares were available for future grants under the 2011 Incentive Plan. Total compensation expense for all share-based compensation arrangements was $28.1 million and $24.1 million for the nine month periods ended September 30, 2011 and 2010, respectively. The total income tax benefit recognized in the income statement for all share-based compensation arrangements was $10.3 million and $8.7 million for the nine month periods ended September 30, 2011 and 2010, respectively.

Note 10. Income Taxes

     The effective tax rate for continuing operations was 16.2% for the nine months ended September 30, 2011 and 16.8% for the nine months ended September 30, 2010. Income tax expense for continuing operations was reduced by $9.7 million during the nine months ended September 30, 2011 for discrete tax adjustments related to the settlement of the discontinued operations asbestos liability that was required under accounting principles to be classified in continuing operations. During the nine months ended September 30, 2010 Cooper reduced income tax expense for continuing operations by $40.8 million to recognize the discrete tax effects related to the contribution of net assets to the Tools joint venture. Excluding these discrete tax adjustments, Cooper’s effective tax rate for continuing operations was 17.9% for the nine months ended September 30, 2011 and 20.5% for the nine months ended September 30, 2010.

     Net deferred taxes recognized in the balance sheet consist of:

	September			December
	30, 2011			31, 2010
	(in millions)
Other current assets	$	91.4		$	76.0
Other noncurrent assets		—			42.1
Other long-term liabilities		(114.2	)		—
Net deferred tax assets (liabilities)	$	(22.8	)	$	118.1

     The decrease during 2011 in the net deferred tax assets recognized was primarily related to the settlement of the discontinued operations asbestos liability as further discussed in Note 15 of the Notes to the Consolidated Financial Statements.

     The Internal Revenue Service (IRS) completed its examinations of Cooper’s 2007 and 2008 Federal Tax Returns and issued notices of assessment in the amounts of $16 million and $14 million, respectively, primarily by challenging Cooper’s intercompany pricing with a foreign affiliate. During the first quarter of 2011 the IRS and Cooper finalized a settlement regarding these matters. After consideration of the related liability Cooper had recorded, the settlement had no significant effect on Cooper’s consolidated financial statements.

     In June 2008 the German Tax Authorities issued a proposed audit finding related to a 2004 reorganization that was treated as a non-taxable event. In December 2009 at Cooper’s request, the German taxing authorities finalized and issued a notice of assessment for €62.8 million, inclusive of €5.7 million of interest, related to this matter. To continue to challenge the German tax authorities finding, Cooper paid the assessment in December 2009 for approximately $90 million and filed a suit to challenge the notice of assessment. Cooper continues to believe that the reorganization was properly reflected on its German income tax returns in accordance with applicable tax laws and regulations in effect during the period involved and will challenge the assessment vigorously. Although the outcome of the proceedings with the German Tax Authorities cannot be predicted with certainty, management believes that it is more likely than not that its tax position related to the 2004 reorganization will prevail. As such, Cooper has recognized the €62.8 million tax payment, including interest, in other noncurrent assets in the accompanying balance sheets.

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The German tax payment has been included in Cooper’s foreign tax credit calculations in the United States, which would be amended upon successful defense of the German reorganization.

     Cooper is under examination by various United States State and Local taxing authorities, as well as various taxing authorities in other countries. Cooper is no longer subject to U.S. Federal income tax examinations by tax authorities for years prior to 2010 and, with few exceptions, Cooper is no longer subject to State and Local, or non-U.S. income tax examinations by tax authorities for years before 2000. Cooper fully cooperates with all audits, but defends existing positions vigorously. These audits are in various stages of completion. To provide for potential tax exposures, Cooper maintains a liability for unrecognized tax benefits, which management believes is adequate. The results of future audit assessments, if any, could have a material effect on Cooper’s cash flows as these audits are completed.

     At September 30, 2011 and December 31, 2010, Cooper has a foreign deferred tax asset of approximately $1.1 billion and $1.1 billion, respectively, relating to a net operating loss carryforward that was approved by a foreign jurisdiction in September 2009. Although this net operating loss carryforward has an indefinite life, a corresponding valuation allowance for the same amount was recognized because management believes at this time it is more likely than not that the deferred tax asset will not be realized.

     Cooper has unrecognized gross tax benefits of $14.2 million at September 30, 2011. Approximately $9.2 million of the unrecognized tax benefits would favorably impact the effective tax rate if recognized. Cooper believes it is reasonably possible that additional tax benefits in the range of approximately $1 to $6 million could be recognized during the next 12 months as audits close and statutes expire.

Note 11. Pension and Other Postretirement Benefits

	Pension Benefits
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2011			2010			2011			2010
	(in millions)
Components of net periodic benefit cost:
Service cost	$	0.6		$	0.7		$	1.8		$	2.5
Interest cost		8.4			9.1			25.2			28.6
Expected return on plan assets		(10.9	)		(10.6	)		(32.7	)		(32.1	)
Amortization of prior service cost		(0.6	)		(0.7	)		(2.0	)		(2.0	)
Recognized actuarial loss		5.4			5.2			15.3			15.9
Net periodic benefit cost	$	2.9		$	3.7		$	7.6		$	12.9

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	Other Postretirement Benefits
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2011			2010			2011			2010
	(in millions)
Components of net periodic benefit cost:
Interest cost	$	0.9		$	1.1		$	2.7		$	3.5
Amortization of prior service cost		(0.5	)		(0.5	)		(1.5	)		(1.5	)
Recognized actuarial gain		(0.8	)		(0.5	)		(2.4	)		(1.5	)
Net periodic benefit cost (gain)	$	(0.4	)	$	0.1		$	(1.2	)	$	0.5

Note 12. Net Income Per Common Share

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2011		2010		2011		2010
	(in millions)
Basic:
Income from continuing operations	$	160.2	$	141.7	$	477.4	$	301.9
Income from discontinued operations		—		—		190.3		—
Net income applicable to common stock	$	160.2	$	141.7	$	667.7	$	301.9
Weighted average common shares outstanding		162.3		165.3		164.3		166.9
Diluted:
Income from continuing operations	$	160.2	$	141.7	$	477.4	$	301.9
Income from discontinued operations		—		—		190.3		—
Net income applicable to common stock	$	160.2	$	141.7	$	667.7	$	301.9
Weighted average common shares outstanding		162.3		165.3		164.3		166.9
Incremental shares from assumed conversions:
Options, performance-based stock awards and other employee awards		1.7		1.8		2.2		1.9
Weighted average common shares and common share equivalents		164.0		167.1		166.5		168.8

     Options and employee awards are not included as common stock equivalents in the calculations if the effect would be anti-dilutive. Anti-dilutive options and employee awards of 1.5 million and 2.6 million shares were excluded from the calculations during the nine month periods ended September 30, 2011 and 2010 respectively.

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Note 13. Net Income and Other Nonowner Changes in Equity

     The components of net income and other nonowner changes in equity, net of taxes, were as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2011			2010			2011			2010
	(in millions)
Net income	$	160.2		$	141.7		$	667.7		$	301.9
Foreign currency translation1		(54.2	)		67.1			(10.5	)		99.3
Change in fair value of derivatives		4.6			(3.3	)		4.3			(5.8	)
Pension and postretirement benefit plans2		2.2			3.1			5.9			7.6
Net income and other nonowner changes in equity	$	112.8		$	208.6		$	667.4		$	403.0

1

Foreign currency translation gains included in net income and other nonowner changes in equity for the nine month period ended September 30, 2010 includes a gain from the reclassification from equity of $159.3 million ($103.5 million net of the associated tax affect) of previously deferred currency translation losses that were recognized in net income as part of the loss related to the contribution of net assets to the Tools joint venture.

2

The change in pension and postretirement benefit plans included in net income and other nonowner changes in equity for the nine month period ended September 30, 2010 includes a gain from the reclassification from equity of $1.7 million ($0.9 million net of the associated tax affect) of previously deferred pension plan losses that were recognized in net income as part of the loss related to the contribution of net assets to the Tools joint venture.

Note 14. Financial Instruments and Hedging Activities, Concentrations of Credit Risk and Fair Value of Financial Instruments

Derivative Instruments and Hedging Activities

     As a result of having sales, purchases and certain intercompany transactions denominated in currencies other than the functional currencies of Cooper’s businesses, Cooper is exposed to the effect of currency exchange rate changes on its cash flows and earnings. Cooper enters into currency forward exchange contracts to hedge significant non-functional currency denominated transactions for periods consistent with the terms of the underlying transactions. Contracts generally have maturities that do not exceed one year.

     Currency forward exchange contracts executed to hedge forecasted transactions are accounted for as cash flow hedges. Currency forward exchange contracts executed to hedge a recognized asset, liability or firm commitment are accounted for as fair value hedges. Cooper sometimes enters into certain currency forward exchange contracts that are not designated as hedges. These contracts are intended to reduce cash flow volatility generally related to short-term intercompany financing transactions. Cooper also enters into commodity swaps to reduce the volatility of price fluctuations on a portion of up to eighteen months of forecasted material purchases. These instruments are designated as cash flow hedges. Cooper does not enter into speculative derivative transactions.

     During October 2005 Cooper entered into cross-currency swaps designated as cash flow hedges to effectively convert its newly issued $325 million, 5.25% fixed-rate debt maturing in November 2012 to €272.6 million of 3.55% fixed-rate debt. The $325 million debt issuance proceeds were swapped to €272.6 million and lent through an intercompany loan to a non-U.S. subsidiary to partially fund repayment of the 300 million Euro bond debt that matured on October 25, 2005. The cross-currency swaps mature in November 2012.

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     Assets and liabilities measured on a recurring basis at fair value using Level 2 inputs and a market approach are as follows:

	September 30, 2011					December 31, 2010
	Assets		Liabilities			Assets		Liabilities
	(in millions)
Short-term currency forward exchange contracts	$	17.4	$	(23.2	)	$	23.9	$	(24.7	)
Long-term currency forward exchange contracts		59.5		(24.4	)		63.3		(26.4	)
Short-term commodity swaps		—		(3.3	)		2.9		—
Long-term cross-currency swaps		—		(35.2	)		—		(30.2	)

     Except as discussed below, the currency forward exchange contracts and commodity swaps in the above table are designated as hedging instruments. Currency forward exchange contracts representing assets of approximately $38.8 and $48.7 million and liabilities of $28.0 and $38.3 million at September 30, 2011 and December 31, 2010, respectively are not designated as hedging instruments.

     There were no changes in the valuation techniques used to measure asset or liability fair values on a recurring basis in 2011 or 2010.

     Gains or losses on derivative instruments are reported in the same line item as the underlying hedged transaction in the consolidated statements of income. The net gain or loss on currency forward exchange contracts was not material in the nine month periods ended September 30, 2011 and 2010. For commodity swaps, Cooper recognized, in cost of sales, a net gain of $1.4 and $1.9 million in the nine month periods ended September 30, 2011 and 2010, respectively. At September 30, 2011, Cooper estimates that approximately $3.6 million of net gains on derivative instruments designated as cash flow hedges will be reclassified from accumulated other nonowner changes in equity to earnings during the next twelve months. The amount of discontinued cash flow hedges in the nine month periods ended September 30, 2011 and 2010 was not material.

     The table below summarizes the U. S. dollar equivalent contractual amounts of Cooper’s forward exchange contracts at September 30, 2011 and December 31, 2010.

	September 30,		December 31,
	2011		2010
	(in millions)
U.S. Dollar	$	579.4	$	894.8
Euro		411.7		335.4
British Pound Sterling		153.2		143.9
Canadian Dollar		—		370.6
Other		23.9		32.3
	$	1,168.2	$	1,777.0

     The contractual amounts of Cooper’s commodity swap contracts at September 30, 2011 and December 31, 2010 was approximately $19 million and $14 million, respectively.

Other Instruments

     In the normal course of business, Cooper executes stand-by letters of credit, performance bonds and other guarantees that ensure Cooper’s performance or payment to third parties that are not reflected in the consolidated balance sheets. The aggregate notional value of these instruments was $119.7 million and $108.7 million at September 30, 2011 and December 31, 2010, respectively. In the past, no significant claims have been made against these financial instruments. Management believes the likelihood of demand

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for payment under these instruments is minimal and expects no material losses to occur in connection with these instruments.

Concentrations of Credit Risk

     Concentrations of credit risk with respect to trade receivables are limited due to the wide variety of customers as well as their dispersion across many different geographic areas with no one customer receivable exceeding 4.6% of accounts receivable at September 30, 2011 (5.0% at December 31, 2010). At September 30, 2011, Cooper has approximately 32% of its cash and cash equivalents held at two financial institutions. Cooper believes these financial institutions to be financially stable.

Fair Value of Financial Instruments Other than Derivatives

     Cooper’s financial instruments other than derivative instruments consist primarily of cash and cash equivalents, trade receivables, trade payables and debt instruments. The book values of cash and cash equivalents, trade receivables, and trade payables are considered to be representative of their respective fair values. Cooper had a book value of approximately $1.43 billion and $1.43 billion for debt instruments at September 30, 2011 and December 31, 2010, respectively. The fair value of these debt instruments, as represented primarily by quoted market prices, was approximately $1.55 billion and $1.52 billion at September 30, 2011 and December 31, 2010, respectively.

Note 15. Discontinued Operations Receivable and Liability

     In October 1998 Cooper sold its Automotive Products business to Federal-Mogul Corporation (“Federal-Mogul”). These discontinued businesses (including the Abex Friction product line obtained from Pneumo-Abex Corporation (“Pneumo”) in 1994) were operated through subsidiary companies, and the stock of those subsidiaries was sold to Federal-Mogul pursuant to a Purchase and Sale Agreement dated August 17, 1998 (“1998 Agreement”). In conjunction with the sale, Federal-Mogul indemnified Cooper for certain liabilities of these subsidiary companies, including liabilities related to the Abex Friction product line and any potential liability that Cooper may have to Pneumo pursuant to a 1994 Mutual Guaranty Agreement (the “Mutual Guaranty”) between Cooper and Pneumo. On October 1, 2001, Federal-Mogul and several of its affiliates filed a Chapter 11 bankruptcy petition. The Bankruptcy Court for the District of Delaware confirmed Federal-Mogul’s plan of reorganization and Federal-Mogul emerged from bankruptcy in December 2007. As part of Federal-Mogul’s Plan of Reorganization, Cooper and Federal-Mogul reached a settlement agreement that was subject to approval by the Bankruptcy Court resolving Federal-Mogul’s indemnification obligations to Cooper. On September 30, 2008, the Bankruptcy Court issued its final ruling denying Cooper’s participation in the proposed Federal-Mogul 524(g) trust resulting in Cooper implementing the previously approved Plan B Settlement, where Cooper continued to resolve through the tort system the asbestos related claims arising from the Abex Friction product line that it had sold to Federal-Mogul in 1998. As discussed further below, on February 1, 2011, Cooper entered into a settlement agreement that closed on April 5, 2011 resolving Cooper’s liability under the Mutual Guaranty with Pneumo.

     In December 2005 Cooper reached an initial agreement in negotiations with the representatives of Federal-Mogul, its bankruptcy committees and the future claimants (the “Representatives”) regarding Cooper’s participation in Federal Mogul’s proposed 524(g) asbestos trust. By participating in this trust, Cooper would have resolved its liability for asbestos claims arising from Cooper’s former Abex Friction Products business. The proposed settlement agreement was subject to court approval and certain other approvals. Future claims would have been resolved through the bankruptcy trust. While the details of the proposed settlement agreement evolved during the on-going negotiations throughout 2006 and 2007, the underlying principles of the proposed settlement arrangements being negotiated principally included fixed payments to a 524(g) trust over 25 years that were subject to reduction for insurance proceeds received in the future. Although the final determination of whether Cooper would participate in the Federal-Mogul 524(g) trust was unknown, Cooper’s management concluded that the most likely outcome in the range of potential outcomes was a settlement approximating the then current settlement proposals. Accordingly, the accrual for potential liabilities related to the Automotive Products sale and the Federal-Mogul bankruptcy during this

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time included estimated payments to a 524(g) trust over 25 years that were undiscounted, and included insurance recoveries where insurance in place agreements, settlements or policy recoveries were probable.

     The U.S. Bankruptcy Court for the District of Delaware confirmed Federal-Mogul’s plan of reorganization on November 8, 2007, and the U.S. District Court for the District of Delaware affirmed the Bankruptcy Court’s order on November 14, 2007. As part of its ruling, the Bankruptcy Court approved the Plan B Settlement between Cooper and Federal-Mogul, which would require payment of $138 million to Cooper in the event Cooper’s participation in the Federal-Mogul 524(g) trust was not approved for any reason, or if Cooper elected not to participate or to pursue participation in the trust. In an effort to continue working towards approval of Cooper’s participation in the trust and to address certain legal issues identified by the Court, Cooper, Pneumo-Abex, Federal-Mogul, and other plan supporters filed the Modified Plan A Settlement Documents on December 13, 2007. The Modified Plan A Settlement Documents would have required Cooper to make an initial payment of $248.5 million in cash to the Federal-Mogul trust upon implementation of Plan A with additional annual payments of up to $20 million each due over 25 years. On September 30, 2008, the Bankruptcy Court issued its ruling denying the Modified Plan A Settlement resulting in Cooper not participating in the Federal-Mogul 524(g) trust and instead proceeding with the Plan B Settlement that had previously been approved by the Bankruptcy Court. As a result of the Plan B Settlement, Cooper received the $138 million payment, plus interest of $3 million, in October 2008 from the Federal-Mogul Bankruptcy estate and continued to resolve through the tort system the asbestos related claims arising from the Abex Friction product line that it had sold to Federal-Mogul in 1998. Additionally, under Plan B, Cooper continued to have access to Abex insurance policies. As a result of the September 30, 2008 Bankruptcy Court ruling discussed above, Cooper adjusted its accounting in the third quarter of 2008 to reflect the separate assets and liabilities related to the on-going activities to resolve the potential asbestos related claims through the tort system. Cooper recorded income from discontinued operations of $16.6 million, net of a $9.4 million income tax expense, in the third quarter of 2008 to reflect the Plan B Settlement. During 2009 Cooper recognized after tax gains from discontinued operations of $25.5 million, which is net of a $16.2 million income tax expense, from negotiated insurance settlements consummated in 2009 that were not previously recognized. At December 31, 2010, 2009 and 2008, Cooper had a discontinued operations accrual of $747.1 million, $784.5 million and $815.1 million, respectively, and had related insurance receivables of $163.6 million, $179.3 million and $192.3 million, respectively.

     The amounts recognized by Cooper for its asbestos liability and related insurance receivables under the Plan B settlement were not discounted and relied on assumptions that were based on currently known facts and strategy. The value of the liability on a discounted basis net of the amount of insurance recoveries likely to materialize in the future would have been significantly lower than the net amounts recognized in the balance sheet. Prior to the first quarter 2011 adjustment for the April 5, 2011 settlement agreement with Pneumo discussed below, Cooper estimated that the liability for pending and future indemnity and defense costs for the next 45 years was $736.3 million. This estimated liability was before any tax benefit and was not discounted as the timing of the actual payments on resolution of claims through the tort system was not reasonably predictable. The methodology used to project Cooper’s liability estimate relied upon a number of assumptions including Cooper’s recent claims experience and declining future asbestos spending based on past trends and publicly available epidemiological data, changes in various jurisdictions, management’s judgment about the current and future litigation environment, and the availability to claimants of other payment sources. Under the Plan B settlement, Cooper, through Pneumo-Abex LLC, had access to Abex insurance policies with remaining limits on policies with solvent insurers in excess of $660 million. Insurance recoveries reflected as receivables in the balance sheet included recoveries where insurance-in-place agreements, settlements or policy recoveries were considered probable. Prior to the first quarter 2011 adjustment for the April 5, 2011 settlement agreement with Pneumo discussed below, Cooper’s receivable for recoveries of costs from insurers amounted to $151.9 million.

     On February 1, 2011, Cooper entered into a settlement agreement that following satisfaction of various closing conditions closed on April 5, 2011. The settlement agreement terminated the Mutual Guaranty between Cooper and Pneumo and created a Settlement Trust. As a result of the April 2011 settlement the Company and its subsidiaries have no further obligations under the Mutual Guaranty. Under the settlement agreement, a subsidiary of Cooper will make payments to the Settlement Trust totaling $307.5

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million ($250 million was paid at closing and the remainder is due in installments over four years, subject to certain adjustments). Cooper made the $250 million initial payment to the Settlement Trust on April 5, 2011. Other payments due under the settlement agreement total approximately $49.6 million, after certain reductions for indemnity and defense payments made by Cooper subsequent to the February 1, 2011 settlement agreement and prior to the closing on April 5, 2011. At September 30, 2011, the remaining payments are due in installments in April of each year as follows: $9.1 million in 2012, $17.0 million in 2013, and $11.75 million in each of 2014 and 2015.

     As discussed above, the Company had previously recorded an estimated accrual on an undiscounted basis for pending and future indemnity and defense costs under the Mutual Guaranty. In addition, the Company had recorded receivables for related insurance recoveries where insurance-in-place agreements, settlements or policy recoveries were considered probable. As a result of the settlement agreement, in the first quarter of 2011 Cooper adjusted its previously recorded net liability for its obligations under the Mutual Guaranty to the amounts payable under the settlement agreement and related unpaid legal expenses resulting in the recognition of an after-tax gain from discontinued operations of $190.3 million, which is net of a $105.6 million income tax expense. Cooper also has approximately $8.9 million in receivables for non-Abex related insurance recoveries remaining on the balance sheet at September 30, 2011 due through 2014 under previously recognized insurance settlements.

     The following table presents the cash activity related to these discontinued operations assets and liabilities through September 30, 2011.

	Nine Months Ended
	September 30,
	2011			2010
	(in millions)
Cash Flow:
Indemnity and defense payments	$	(10.5	)	$	(23.0	)
Insurance recoveries		14.9			14.5
Payment to Pneumo Settlement Trust		(250.0	)		—
Other		(1.0	)		(1.7	)
Net cash flow related to discontinued operations assets and liabilities	$	(246.6	)	$	(10.2	)

Note 16. Consolidating Financial Information

     Cooper Industries plc along with Cooper Industries, Ltd. and certain of Cooper’s principal operating subsidiaries (the “Guarantors”) fully and unconditionally guarantee, on a joint and several basis, the registered debt securities of Cooper US, Inc. The following condensed consolidating financial information is included so that the separate financial statements of Cooper US, Inc. or the Guarantors are not required to be filed with the Securities and Exchange Commission. The consolidating financial statements present investments in subsidiaries using the equity method of accounting.

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Consolidating Income Statements
Three Months Ended September 30, 2011
(in millions)

	Cooper
	Industries			Cooper						Other			Consolidating
	plc			US, Inc.			Guarantors			Subsidiaries			Adjustments			Total
Revenues	$	—		$	—		$	886.5		$	688.3		$	(185.1	)	$	1,389.7
Cost of sales		—			(0.9	)		621.9			495.3			(185.1	)		931.2
Selling and administrative expenses		0.2			18.5			134.1			120.7			(4.3	)		269.2
Equity in (income) of Apex Tool Group, LLC		—			—			—			(16.0	)		—			(16.0	)
Interest expense, net		—			16.3			—			0.1			—			16.4
Equity in earnings of subsidiaries, net of tax		156.4			88.7			139.3			207.2			(591.6	)		—
Intercompany income (expense)		(0.3	)		(13.8	)		(37.2	)		51.3			—			—
Income (loss) before income taxes		155.9			41.0			232.6			346.7			(587.3	)		188.9
Income tax expense (benefit)		—			(20.6	)		33.7			15.6			—			28.7
Net income	$	155.9		$	61.6		$	198.9		$	331.1		$	(587.3	)	$	160.2

Consolidating Income Statements
Three Months Ended September 30, 2010
(in millions)

	Cooper
	Industries			Cooper						Other			Consolidating
	plc			US, Inc.			Guarantors			Subsidiaries			Adjustments			Total
Revenues	$	—		$	—		$	820.1		$	596.5		$	(175.9	)	$	1,240.7
Cost of sales		—			(0.9	)		579.4			419.0			(175.9	)		821.6
Selling and administrative expenses		0.5			17.7			124.5			96.3			(2.3	)		236.7
Equity in (income) of Apex Tool Group, LLC		—			—			—			(10.5	)		—			(10.5	)
Loss related to contribution of net assets to Apex Tool Group, LLC		—			—			—			(0.5	)		0.5			—
Restructuring charges		—			—			2.0			(0.5	)		—			1.5
Interest expense, net		—			12.3			—			—			—			12.3
Equity in earnings of subsidiaries, net of tax		73.1			74.5			139.6			42.2			(329.4	)		—
Intercompany income (expense)		(0.3	)		(19.2	)		(44.7	)		60.4			3.8			—
Income (loss) before income taxes		72.3			26.2			209.1			195.3			(323.8	)		179.1
Income tax expense (benefit)		—			(16.1	)		33.4			20.1			—			37.4
Net income	$	72.3		$	42.3		$	175.7		$	175.2		$	(323.8	)	$	141.7

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Consolidating Income Statements
Nine Months Ended September 30, 2011
(in millions)

	Cooper
	Industries			Cooper						Other			Consolidating
	plc			US, Inc.			Guarantors			Subsidiaries			Adjustments			Total
Revenues	$	—		$	—		$	2,600.4		$	1,987.5		$	(551.6	)	$	4,036.3
Cost of sales		—			(2.7	)		1,822.5			1,413.8			(551.6	)		2,682.0
Selling and administrative expenses		—			92.4			389.7			342.8			(45.1	)		779.8
Equity in (income) of Apex Tool Group, LLC		—			—			—			(44.9	)		—			(44.9	)
Interest expense, net		—			50.0			—			(0.2	)		—			49.8
Equity in earnings of subsidiaries, net of tax		623.3			457.2			602.5			480.6			(2,163.6	)		—
Intercompany income (expense)		(1.0	)		(54.6	)		(121.5	)		176.8			0.3			—
Income (loss) from continuing operations before income taxes		622.3			262.9			869.2			933.4			(2,118.2	)		569.6
Income tax expense (benefit)		—			(72.1	)		105.5			58.8			—			92.2
Income from continuing operations		622.3			335.0			763.7			874.6			(2,118.2	)		477.4
Income from discontinued operations, net of tax		—			—			—			190.3			—			190.3
Net income	$	622.3		$	335.0		$	763.7		$	1,064.9		$	(2,118.2	)	$	667.7

Consolidating Income Statements
Nine Months Ended September 30, 2010
(in millions)

	Cooper
	Industries		Cooper						Other			Consolidating
	plc		US, Inc.			Guarantors			Subsidiaries			Adjustments			Total
Revenues	$	—	$	—		$	2,292.6		$	2,007.3		$	(493.9	)	$	3,806.0
Cost of sales		—		(0.7	)		1,626.2			1,406.1			(493.9	)		2,537.7
Selling and administrative expenses		2.6		80.1			352.8			334.8			(33.2	)		737.1
Equity in (income) of Apex Tool Group, LLC		—		—			—			(10.5	)		—			(10.5	)
Loss related to contribution of net assets to Apex Tool Group, LLC		—		2.4			—			131.6			0.5			134.5
Restructuring charges		—		—			3.8			4.2			—			8.0
Interest expense, net		—		36.7			—			(0.5	)		—			36.2
Equity in earnings of subsidiaries, net of tax		143.9		133.8			301.4			8.7			(587.8	)		—
Intercompany income (expense)		0.1		(60.2	)		(120.5	)		176.8			3.8			—
Income (loss) before income taxes		141.4		(44.9	)		490.7			327.1			(551.3	)		363.0
Income tax expense (benefit)		—		(53.7	)		84.5			30.3			—			61.1
Net income	$	141.4	$	8.8		$	406.2		$	296.8		$	(551.3	)	$	301.9

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Consolidating Balance Sheets
September 30, 2011
(in millions)

	Cooper
	Industries			Cooper						Other			Consolidating
	plc			US, Inc.			Guarantors			Subsidiaries			Adjustments			Total
Cash and cash equivalents	$	78.0		$	118.6		$	8.1		$	225.9		$	—		$	430.6
Receivables, less allowances		0.2			0.5			266.8			674.8			—			942.3
Inventories		—			—			257.9			248.4			—			506.3
Current discontinued operations receivable		—			—			—			3.8			—			3.8
Other current assets		0.9			73.6			38.0			113.3			—			225.8
Total current assets		79.1			192.7			570.8			1,266.2			—			2,108.8
Property, plant and equipment, less accumulated depreciation		—			38.8			320.8			256.1			—			615.7
Investment in Apex Tool Group, LLC		—			—			—			531.2			—			531.2
Investment in subsidiaries		990.3			3,371.5			5,244.8			4,865.0			(14,471.6	)		—
Investment in parent		—			3,428.0			—			312.7			(3,740.7	)		—
Intercompany accounts receivable		81.4			—			1,102.3			983.4			(2,167.1	)		—
Intercompany notes receivable		9,564.5			564.9			6,956.3			4,003.6			(21,089.3	)		—
Goodwill		—			—			1,288.3			1,225.3			—			2,513.6
Other intangible assets, less accumulated amortization		—			—			85.3			287.3			—			372.6
Long-term discontinued operations receivable		—			—			—			5.1			—			5.1
Other noncurrent assets		0.5			(3.9	)		1.5			176.9			—			175.0
Total assets	$	10,715.8		$	7,592.0		$	15,570.1		$	13,912.8		$	(41,468.7	)	$	6,322.0
Short-term debt	$	—		$	—		$	—		$	6.2		$	—		$	6.2
Accounts payable		46.6			23.9			173.1			221.8			—			465.4
Accrued liabilities		1.3			59.8			212.6			255.6			(1.6	)		527.7
Current discontinued operations liability		—			—			—			9.4			—			9.4
Current maturities of long- term debt		—			—			—			0.7			—			0.7
Total current liabilities		47.9			83.7			385.7			493.7			(1.6	)		1,009.4
Long-term debt		—			1,419.4			—			1.5			—			1,420.9
Intercompany accounts payable		—			2,167.1			—			—			(2,167.1	)		—
Intercompany notes payable		419.1			1,815.1			1,849.0			17,006.1			(21,089.3	)		—
Long-term discontinued operations liability		—			—			—			40.5			—			40.5
Other long-term liabilities		—			34.8			203.2			160.2			—			398.2
Total liabilities		467.0			5,520.1			2,437.9			17,702.0			(23,258.0	)		2,869.0
Common stock		1.7			—			—			—			—			1.7
Subsidiary preferred stock		—			—			2,872.0			335.1			(3,207.1	)		—
Subsidiary common stock		—			—			9.2			257.8			(267.0	)		—
Capital in excess of par value		10,251.5			820.9			6,300.5			(8,320.4	)		(9,052.5	)		—
Retained earnings		624.2			1,377.9			4,089.5			4,106.6			(5,909.3	)		4,288.9
Treasury stock		(671.6	)		—			—			—			—			(671.6	)
Accumulated other non- owner changes in equity		43.0			(126.9	)		(139.0	)		(168.3	)		225.2			(166.0	)
Total shareholders’ equity		10,248.8			2,071.9			13,132.2			(3,789.2	)		(18,210.7	)		3,453.0
Total liabilities and shareholders’ equity	$	10,715.8		$	7,592.0		$	15,570.1		$	13,912.8		$	(41,468.7	)	$	6,322.0

-20-

Consolidating Balance Sheets
December 31, 2010
(in millions)

	Cooper
	Industries			Cooper						Other			Consolidating
	plc			US, Inc.			Guarantors			Subsidiaries			Adjustments			Total
Cash and cash equivalents	$	63.2		$	36.8		$	2.6		$	932.7		$	—		$	1,035.3
Receivables, less allowances		—			2.5			218.7			574.7			—			795.9
Inventories		—			—			234.7			204.2			—			438.9
Current discontinued operations receivable		—			—			—			13.0			—			13.0
Other current assets		0.6			72.4			30.7			103.8			—			207.5
Total current assets		63.8			111.7			486.7			1,828.4			—			2,490.6
Property, plant and equipment, less accumulated depreciation		—			42.1			316.8			249.4			—			608.3
Investment in Apex Tool Group, LLC		—			—			—			511.3			—			511.3
Investment in subsidiaries		3,035.5			2,923.6			4,608.9			741.6			(11,309.6	)		—
Investment in parent		—			3,428.1			—			312.7			(3,740.8	)		—
Intercompany accounts receivable		71.9			—			1,974.1			1,244.2			(3,290.2	)		—
Intercompany notes receivable		40.0			1,674.8			3,348.3			5,394.7			(10,457.8	)		—
Goodwill		—			—			1,288.3			1,068.2			—			2,356.5
Other intangible assets, less accumulated amortization		—			—			85.7			247.9			—			333.6
Long-term discontinued operations receivable		—			—			—			150.6			—			150.6
Other noncurrent assets		—			13.1			(178.2	)		382.8			—			217.7
Total assets	$	3,211.2		$	8,193.4		$	11,930.6		$	12,131.8		$	(28,798.4	)	$	6,668.6
Short-term debt	$	—		$	—		$	—		$	7.7		$	—		$	7.7
Accounts payable		44.7			20.3			201.8			195.8			—			462.6
Accrued liabilities		1.2			66.3			210.4			233.6			(1.4	)		510.1
Current discontinued operations liability		—			—			—			45.4			—			45.4
Current maturities of long-term debt		—			—			—			0.6			—			0.6
Total current liabilities		45.9			86.6			412.2			483.1			(1.4	)		1,026.4
Long-term debt		—			1,418.5			—			1.9			—			1,420.4
Intercompany accounts payable		—			3,290.2			—			—			(3,290.2	)		—
Intercompany notes payable		419.7			1,587.2			4,436.2			4,014.7			(10,457.8	)		—
Long-term discontinued operations liability		—			—			—			701.7			—			701.7
Other long-term liabilities.		—			103.6			54.5			155.9			—			314.0
Total liabilities		465.6			6,486.1			4,902.9			5,357.3			(13,749.4	)		3,462.5
Common stock		1.7			—			—			—			—			1.7
Subsidiary preferred stock		—			—			2,872.1			335.1			(3,207.2	)		—
Subsidiary common stock		—			—			9.2			257.8			(267.0	)		—
Capital in excess of par value		2,811.0			770.4			1,936.7			2,106.3			(7,624.4	)		—
Retained earnings		145.0			1,049.4			2,288.5			4,133.5			(3,957.7	)		3,658.7
Treasury stock		(288.6	)		—			—			—			—			(288.6	)
Accumulated other non- owner changes in equity		76.5			(112.5	)		(78.8	)		(58.2	)		7.3			(165.7	)
Total shareholders’ equity		2,745.6			1,707.3			7,027.7			6,774.5			(15,049.0	)		3,206.1
Total liabilities and shareholders’ equity	$	3,211.2		$	8,193.4		$	11,930.6		$	12,131.8		$	(28,798.4	)	$	6,668.6

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Consolidating Statements of Cash Flows
Nine Months Ended September 30, 2011
(in millions)

	Cooper
	Industries			Cooper						Other			Consolidating
	plc			US, Inc.			Guarantors			Subsidiaries			Adjustments			Total
Net cash provided by (used in) operating activities	$	1.8		$	(94.9	)	$	83.9		$	186.2		$	—		$	177.0
Cash flows from investing activities:
Capital expenditures		—			(8.9	)		(51.3	)		(24.6	)		—			(84.8	)
Cash paid for acquired businesses		—			—			(3.5	)		(246.6	)		—			(250.1	)
Loans to affiliates		—			—			—			(1,275.2	)		1,275.2			—
Repayments of loans from affiliates		—			1,118.4			—			634.9			(1,753.3	)		—
Dividends from affiliates		—			22.0			18.8			—			(40.8	)		—
Proceeds from sales of property, plant and equipment and other		—			—			—			15.8			—			15.8
Net cash provided by (used in) investing activities		—			1,131.5			(36.0	)		(895.7	)		(518.9	)		(319.1	)
Cash flows from financing activities:
Short-term debt, net		—			—			—			(4.6	)		—			(4.6	)
Debt issuance costs		(0.5	)		(0.5	)		—			—			—			(1.0	)
Borrowings from affiliates		455.2			820.0			—			—			(1,275.2	)		—
Repayments of loans to affiliates		(42.8	)		(592.1	)		(1,045.0	)		(73.4	)		1,753.3			—
Other intercompany financing activities		70.7			(1,195.5	)		1,002.6			122.2			—			—
Dividends		(141.4	)		—			—			—			—			(141.4	)
Dividends paid to affiliates		—			—			—			(40.8	)		40.8			—
Purchases of treasury shares		(383.0	)		—			—			—			—			(383.0	)
Excess tax benefits from stock options and awards		—			13.3			—			—			—			13.3
Proceeds from exercise of stock options and other		54.8			—			—			—			—			54.8
Net cash provided by (used in) financing activities		13.0			(954.8	)		(42.4	)		3.4			518.9			(461.9	)
Effect of exchange rate changes on cash and cash equivalents		—			—			—			(0.7	)		—			(0.7	)
Increase (decrease) in cash and cash equivalents		14.8			81.8			5.5			(706.8	)		—			(604.7	)
Cash and cash equivalents, beginning of period		63.2			36.8			2.6			932.7			—			1,035.3
Cash and cash equivalents, end of period	$	78.0		$	118.6		$	8.1		$	225.9		$	—		$	430.6

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Consolidating Statements of Cash Flows
Nine Months Ended September 30, 2010
(in millions)

	Cooper
	Industries			Cooper						Other			Consolidating
	plc			US, Inc.			Guarantors			Subsidiaries			Adjustments			Total
Net cash provided by (used in) operating activities	$	1.2		$	(68.1	)	$	230.8		$	233.1		$	—		$	397.0
Cash flows from investing activities:
Capital expenditures		—			(3.6	)		(26.7	)		(27.6	)		—			(57.9	)
Cash paid for acquired businesses		—			—			—			(21.6	)		—			(21.6	)
Cash restricted for business acquisition		—			—			—			(34.9	)		—			(34.9	)
Investments in affiliates		(1.9	)		(44.0	)		—			(67.9	)		113.8			—
Loans to affiliates		(40.0	)		(604.1	)		—			(1,752.7	)		2,396.8			—
Repayments of loans from affiliates		—			447.3			5.0			1,112.5			(1,564.8	)		—
Dividends from affiliates		—			1.9			13.3			270.4			(285.6	)		—
Proceeds from sales of property, plant and equipment and other		—			—			—			(4.6	)		—			(4.6	)
Net cash provided by (used in) investing activities		(41.9	)		(202.5	)		(8.4	)		(526.4	)		660.2			(119.0	)
Cash flows from financing activities:
Short-term debt, net		—			—			—			(2.3	)		—			(2.3	)
Borrowings from affiliates		419.1			600.4			909.2			468.1			(2,396.8	)		—
Repayments of loans to affiliates		(154.9	)		(162.0	)		(1,239.6	)		(8.3	)		1,564.8			—
Other intercompany financing activities		63.5			129.2			109.1			(301.8	)		—			—
Dividends		(132.7	)		—			—			—			—			(132.7	)
Dividends paid to affiliates		—			(270.4	)		—			(15.2	)		285.6			—
Purchases of treasury shares		(276.0	)		—			—			—			—			(276.0	)
Excess tax benefits from stock options and awards		—			4.8			—			—			—			4.8
Issuance of stock to affiliates		—			—			—			113.8			(113.8	)		—
Proceeds from exercise of stock options and other		34.5			—			—			—			—			34.5
Net cash provided by (used in) financing activities		(46.5	)		302.0			(221.3	)		254.3			(660.2	)		(371.7	)
Effect of exchange rate changes on cash and cash equivalents		—			—			—			8.1			—			8.1
Increase (decrease) in cash and cash equivalents		(87.2	)		31.4			1.1			(30.9	)		—			(85.6	)
Cash and cash equivalents, beginning of period		146.0			27.9			0.3			207.4			—			381.6
Cash and cash equivalents, end of period	$	58.8		$	59.3		$	1.4		$	176.5		$	—		$	296.0

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Forward-Looking Statements

     We often discuss expectations regarding our future markets, demand for our products and services, and our performance in our annual and quarterly reports, press releases, and other written and oral statements. Statements that relate to matters that are not historical facts are “forward-looking statements” within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act. These “forward-looking statements” are based on an analysis of currently available competitive, financial and economic data and our operating plans. They are inherently uncertain and investors should recognize that events and actual results could turn out to be significantly different from our expectations. By way of illustration, when used in this document, words such as “anticipate,” “believe,” “expect,” “plan,” “intend,” “estimate,” “project,” “will,” “should,” “could,” “may,” “predict” and similar expressions are intended to identify forward-looking statements.

     This Quarterly Report on Form 10-Q, including Management’s Discussion and Analysis of Financial Condition and Results of Operations, includes forward-looking statements. Forward-looking statements include, but are not limited to, any statements regarding future revenues, costs and expenses, earnings, earnings per share, margins, cash flows, dividends and capital expenditures. Important factors which may affect the actual results include, but are not limited to, political developments, market and economic conditions, changes in raw material, transportation and energy costs, industry competition, the ability to execute and realize the expected benefits from strategic initiatives including revenue growth plans and cost control and productivity improvement programs, the ability to develop and introduce new products, the magnitude of any disruptions from manufacturing rationalizations, changes in mix of products sold, mergers and acquisitions and their integration into Cooper, the timing and amount of any stock repurchases by Cooper, changes in financial markets including currency exchange rate fluctuations, changing legislation and regulations including changes in tax law, tax treaties or tax regulations.

     The above description of risks and uncertainties is by no means all-inclusive, but is designed to highlight what we believe are important factors to consider. For a more detailed description of risk factors, please see Part I — Item 1A. — Risk Factors.

     Unless the context requires otherwise, references in this Quarterly Report on Form 10-Q to “we,” “us,” “our,” “the Company,” or “Cooper” means Cooper Industries plc and, where the context requires, includes our subsidiaries.

Results of Operations

     On March 26, 2010, Cooper announced that it entered into a Framework Agreement with Danaher Corporation to create a joint venture combining Cooper’s Tools business with certain Tools businesses from Danaher’s Tools and Components Segment (the “Joint Venture”). On July 6, 2010, Cooper announced the completion of the Joint Venture, named Apex Tool Group, LLC. Cooper and Danaher each own a 50% interest in the Joint Venture, have equal representation on its Board of Directors and have a 50% voting interest in the Joint Venture. At completion of the transaction in July 2010 Cooper deconsolidated the Tools business assets and liabilities contributed to the Joint Venture and recognized Cooper’s 50% ownership interest as an equity investment. Recording the investment at its fair value of $480 million resulted in a pretax loss of $134.5 million related to the transaction, which was recognized in the second quarter 2010. Beginning in the third quarter of 2010 Cooper recognizes its proportionate share of the Joint Venture’s operating results using the equity method.

Three Months Ended September 30, 2011 Compared With Three Months Ended September 30, 2010

     Net income for the third quarter of 2011 was $160.2 million on revenues of $1,389.7 million compared with 2010 third quarter net income of $141.7 million on revenues of $1,240.7 million. Third

-24-

quarter diluted earnings per share was $.98 in 2011 compared to $.85 in 2010. The 2010 third quarter included restructuring charges of $1.5 million or $.01 per share.

Revenues:

     Revenues for the third quarter of 2011 increased 12.0% compared to the third quarter of 2010. Core revenues in the third quarter of 2011 were 7.1% higher than the prior year. Currency translation increased revenues in the third quarter of 2011 by 1.6% with acquisitions increasing reported revenues by approximately 3.3%.

     Energy & Safety Solutions segment revenues for the third quarter of 2011 increased 14.7% compared to the third quarter of 2010. Core revenues were 9.3% higher in the third quarter of 2011 primarily related to continued demand for utility products with solid demand from global industrial and energy markets. Favorable currency translation increased reported revenues by approximately 2.5% with acquisitions adding 2.9% to reported revenues in the quarter.

     Electrical Products Group segment revenues increased 9.0% compared to the third quarter of 2010. Core revenues in the third quarter of 2011 were 4.6% higher than the prior year’s quarter with acquisitions increasing reported revenues by approximately 3.7% and favorable currency translation adding 0.7%. Core revenue growth was driven primarily by demand for energy efficiency products and broad industrial demand offset partially by slowing demand for electronic components and the already weak residential and non-residential construction markets.

Costs and Expenses:

     Cost of sales, as a percentage of revenues, was 67.0% for the third quarter of 2011 compared to 66.2% for the comparable 2010 quarter. The increase in the cost of sales percentage resulted from the impact of material and manufacturing cost inflation not being fully offset by pricing actions during the quarter and investments made in resources to accelerate new product development. This unfavorable impact was mitigated by higher production volumes and the positive impact of Cooper’s activities to improve overall cost productivity.

     Energy & Safety Solutions segment costs of sales, as a percentage of revenues, was 66.9% for the third quarter of 2011 compared to 66.9% for the third quarter of 2010. Cost of sales as a percentage of revenues remained unchanged with the favorable impact of higher production volumes for selected markets and the positive impact of Cooper’s activities to improve overall cost productivity being substantially offset by investments made in resources to accelerate new product development.

     Electrical Products Group segment cost of sales, as a percentage of revenues, was 67.2% for the third quarter of 2011 compared to 65.3% for the third quarter of 2010. Pricing actions taken in the third quarter of 2011 in selected construction related markets was not sufficient to offset material inflation and additional investments made in resources to accelerate new product development. This unfavorable impact was partially offset by favorable leverage of fixed costs from improved demand due to the recovery in selected global markets and the favorable impact of actions taken to adjust operating costs.

     Selling and administrative expenses, as a percentage of revenues, for the third quarter of 2011 was 19.4% compared to 19.1% for the third quarter of 2010. The increase in percentage is reflective of the favorable impact of higher revenue levels offset by expenses associated with global growth initiatives and increases in certain environmental, legal and acquisition related expenses.

     Energy & Safety Solutions segment selling and administrative expenses, as a percentage of revenues for the third quarter of 2011, was 16.4% compared to 16.2% for the third quarter of 2010. The increase in percentage reflects the impact of almost 15% higher comparable revenue levels for the third quarter 2011 being offset by increases in certain environmental and legal expenses and investments in resources designed to improve global growth.

-25-

     Electrical Products Group segment selling and administrative expenses, as a percentage of revenues for the third quarter of 2011, was 18.9% compared to 18.6% for the third quarter of 2010. The increase in percentage reflects the investment in sales and marketing resources focused on driving improved global demand for products and acquisition related expenses partially offset by the impact of 9% higher comparable revenue levels for the third quarter of 2011.

     Net interest expense in the third quarter of 2011 increased $4.1 million from the 2010 third quarter, primarily as a result of the December 7, 2010 issuances of $250 million of 2.375% fixed rate senior unsecured notes due in 2016 and $250 million of 3.875% fixed rate senior unsecured notes due in 2020. Average debt balances were $1.42 billion and $0.93 billion and average interest rates were 4.69% and 5.09% for the third quarter of 2011 and 2010, respectively.

Operating Earnings:

     Energy & Safety Solutions third quarter 2011 segment operating earnings increased 13.1% to $125.6 million from $111.1 million for the same quarter of last year. The increase resulted from the favorable impact of higher production volumes partially offset by higher environmental and legal costs. The Energy & Safety Solutions segment continues its investment in productivity initiatives which includes manufacturing productivity improvements, product redesign and investment in developing markets to increase global revenues.

     Electrical Products Group third quarter 2011 segment operating earnings decreased 6.3% to $88.3 million from $94.2 million for the same quarter of last year. The decrease resulted from the investment in developing markets to increase global revenues and material price inflation encountered not fully recovered through pricing actions taken during the third quarter of 2011. These higher costs were partially offset by the higher production volumes resulting from improved demand in most global markets. The Electrical Products Group segment continues its investment in productivity initiatives which includes manufacturing productivity improvements and product redesign.

     Equity income from Apex Tool Group was $16.0 million in the third quarter of 2011 compared to $10.5 million in the third quarter of 2010. The increase in equity income resulted from the favorable impact of higher production volumes and the positive impact of Apex’s activities to improve overall cost productivity.

     General Corporate expense increased $1.7 million to $24.6 million during the third quarter of 2011 compared to $22.9 million during the same period of 2010. The increase in General Corporate expense in the third quarter of 2011 primarily relates to higher costs for environmental matters related to previously divested businesses.

Income Taxes:

     The effective tax rate was 15.2% for the third quarter of 2011 compared to 20.9% for the same period in 2010. The decrease in the effective tax rate in the third quarter 2011 is primarily related to an increase in tax benefits without a corresponding relative increase in earnings and the favorable impact from finalization of prior year tax benefits.

Nine Months Ended September 30, 2011 Compared With Nine Months Ended September 30, 2010

     Income from continuing operations for the nine months ended September 30, 2011 was $477.4 million on revenues of $4,036.3 million compared with income from continuing operations in the nine months ended September 30, 2010 of $301.9 million on revenues of $3,806.0 million. Diluted earnings per share from continuing operations was $2.87 in the nine months ended September 30, 2011 compared to $1.79 in the same period of 2010. Reported net income in the nine months ended September 30, 2010 was reduced by the non-cash after-tax charge of $93.7 million or $.55 per share related to the formation of the Tools Joint

-26-

Venture and included restructuring charges of $8.0 million or $.04 per share. Reported income from continuing operations for the nine months ended September 30, 2011 was increased by $9.7 million or $.06 per share for discrete tax adjustments related to the settlement of the discontinued operations asbestos liability that was required under accounting principles to be classified in continuing operations.

Revenues:

     Revenues for the nine months ended September 30, 2011 increased 6.1% compared to the nine months ended September 30, 2010. Excluding the impact of the revenues from the now deconsolidated Tools segment, comparable revenues increased 15.5% in the nine months ended September 30, 2011 compared to the same period in 2010. Core revenues for the combined Electrical Segments in the nine months ended September 30, 2011 were 11.7% higher than the prior year. Acquisitions increased comparable revenues in the nine months ended September 30, 2011 by 2.2% with currency translation also increasing reported revenues by approximately 1.6%.

     Energy & Safety Solutions segment revenues for the nine months ended September 30, 2011 increased 18.7% compared to the same period in 2010. Core revenues were 13.5% higher in the nine months ended September 30, 2011 as a result of strong demand in utility markets and improving demand from energy and industrial markets. Favorable currency translation increased reported revenues by approximately 2.3% with acquisitions adding 2.9% to reported revenues in 2011.

     Electrical Products Group segment revenues in 2011 increased 11.9% compared to the nine months ended September 30, 2010. Core revenues in the nine months ended September 30, 2011 were 9.7% higher than the same period in the prior year with acquisitions increasing reported revenues by approximately 1.5% and favorable currency translation adding 0.7%. Strong demand from our Industrial and Electrical markets with added demand for energy-efficient technologies such as LED products improved results from the non-residential markets partially offset by slowing demand for Electronic products in the Asian market.

Costs and Expenses:

     Cost of sales, as a percentage of revenues, was 66.4% for the nine months ended September 30, 2011 compared to 66.7% for the comparable 2010 period. The decrease in the cost of sales percentage resulted from favorable impact of higher production volumes and the positive impact of Cooper’s activities to improve overall cost productivity. This favorable impact was partially offset by material price inflation not fully recovered by pricing actions taken in 2011 and investments made in resources to accelerate new product development.

     Energy & Safety Solutions segment cost of sales, as a percentage of revenues, was 66.5% for the nine months ended September 30, 2011 compared to 66.7% for the same period in 2010. The decrease in the cost of sales percentage resulted from the favorable impact of higher production volumes for selected markets and the positive impact of Cooper’s activities to improve overall cost productivity. Material price inflation was fully covered by pricing actions taken in 2011 with investments made in resources to accelerate new product development partially offsetting the favorable volume leverage.

     Electrical Products Group segment cost of sales, as a percentage of revenues, was 66.4% for the for the nine months ended September 30, 2011 compared to 66.1% for the same period in 2010. The increase in cost of sales as a percentage of revenues in comparison to the prior year period was due to the favorable leverage of fixed costs from improved demand due to the recovery in selected global markets and the favorable impact of actions taken to adjust operating costs being more than offset by material price inflation not fully covered by pricing actions taken in 2011 and investments made in resources to accelerate new product development.

     Selling and administrative expenses, as a percentage of revenues, for the nine months ended September 30, 2011 was 19.3% compared to 19.4% for the comparable period in 2010. The decrease in percentage is reflective of the favorable impact of higher revenue levels and the benefit from the higher

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percentage of selling and administrative expenses associated with the now deconsolidated Tools segment included in the first half of 2010, nearly offset by expenses associated with global growth initiatives and higher environmental and legal expenses.

     Energy & Safety Solutions segment selling and administrative expenses, as a percentage of revenues for the nine months ended September 30, 2011 was 16.3% compared to 16.4% for the same period in 2010. The decrease in percentage reflects the impact of cost leverage on the almost 19% higher comparable revenue levels in 2011 that was offset by investments in resources designed to improve global growth and higher environmental and legal expenses.

     Electrical Products Group segment selling and administrative expenses, as a percentage of revenues was 19.0% for the nine months ended September 30, 2011 compared to 18.7% for the nine months ended September 30, 2010. The increase in percentage reflects the investment in sales and marketing resources focused on driving improved global demand for products partially offset by the impact of 12% higher comparable revenue levels in 2011.

     Net interest expense for the nine months ended September 30, 2011 increased $13.6 million from the same period in 2010, primarily as a result of the December 7, 2010 issuances of $250 million of 2.375% fixed rate senior unsecured notes due in 2016 and $250 million of 3.875% fixed rate senior unsecured notes due in 2020. Average debt balances were $1.42 billion and $0.93 billion and average interest rates were 4.79% and 5.30% in the nine months ended September 30, 2011 and 2010, respectively.

Operating Earnings:

     Energy & Safety Solutions segment operating earnings for the nine months ended September 30, 2011 increased 20.7% to $375.4 million from $310.9 million for the same period of last year. The increase resulted from the improved demand for industrial and utility products and included material price inflation that was fully recovered through pricing actions taken during 2011 partially offset by higher environmental and legal costs. The Energy & Safety Solutions segment continues its investment in productivity initiatives which includes manufacturing productivity improvements, product redesign and investment in developing markets to increase global revenues.

     Electrical Products Group segment operating earnings for the nine months ended September 30, 2011 increased 7.9% to $270.0 million from $250.3 million for the same period in 2010. The increase resulted from the improvement in demand from most global markets and the continuing favorable impact of restructuring actions offset partially by material price inflation that was not fully recovered through pricing actions taken during 2011. The Electrical Products Group segment continues its investment in productivity initiatives which includes manufacturing productivity improvements, product redesign and investment in developing markets to increase global revenues.

     Equity income from the Apex Tool Group joint venture is included in operating earnings commencing in the third quarter of 2010. Reported equity income from Apex Tool Group was $44.9 million in the nine months ended September 30, 2011 compared to equity income from Apex Tool Group of $10.5 million in the third quarter of 2010 and operating earnings reported from the Tools segment of $33.1 million in the first half of 2010.

     General Corporate expense increased $7.8 million to $70.9 million during the nine months ended September 30, 2011 compared to $63.1 million during the same period of 2010. The increase in General Corporate expense in 2011 primarily includes approximately $6 million for environmental costs related to previously divested businesses, higher legal expenses and incremental costs associated with acquisition activities.

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Income Taxes:

     The effective tax rate for continuing operations was 16.2% for the nine months ended September 30, 2011 and 16.8% for the nine months ended September 30, 2010. Income tax expense from continuing operations was reduced by $9.7 million during the first quarter of 2011 for discrete tax adjustments related to the settlement of the discontinued operations asbestos liability that was required under accounting principles to be classified in continuing operations. During the second quarter of 2010 Cooper reduced income tax expense by $40.8 million to recognize the discrete tax affects related to the contribution of net assets to the Tools Joint Venture. Excluding the discrete tax items and the loss related to the contribution of net assets to the Tools joint venture, Cooper’s effective tax rate was 17.9% for the nine months ended September 30, 2011 and 20.5% for the nine months ended September 30, 2010. The decrease in the effective tax rate in 2011 is primarily related to an increase in tax benefits without a corresponding relative increase in earnings and the favorable impact from finalization of prior year tax benefits.

Income Related to Discontinued Operations:

     As discussed in Note 15 of the Notes to the Consolidated Financial Statements, on February 1, 2011, Cooper entered into a settlement agreement that closed on April 5, 2011 related to its asbestos liability regarding the Automotive Products segment, which was sold in 1998. The settlement terminates the 1994 Mutual Guaranty Agreement between Cooper and Pneumo and creates a Settlement Trust. After the closing of the settlement in April 2011 the Company and its subsidiaries have no further obligations under the Mutual Guaranty Agreement. Under the settlement agreement, a subsidiary of Cooper will make payments to the Settlement Trust totaling $307.5 million ($250 million was paid at closing and the remainder is due in installments over four years, subject to certain adjustments). Cooper made the $250 million initial payment to the Settlement Trust on April 5, 2011. Other payments due under the settlement agreement total approximately $49.6 million, after certain reductions for indemnity and defense payments made by Cooper subsequent to the February 1, 2011 settlement agreement and prior to the closing on April 5, 2011. The remaining payments are due in installments at the anniversary of the closing over the next four years.

     As discussed in Note 15 of the Notes to the Consolidated Financial Statements, the Company had previously recorded an estimated accrual on an undiscounted basis for pending and future indemnity and defense costs under the Mutual Guaranty. In addition, the Company had recorded receivables for related insurance recoveries where insurance-in-place agreements, settlements or policy recoveries were considered probable. As a result of the settlement agreement, Cooper adjusted is previously recorded net liability for its obligations under the Mutual Guaranty agreement to the amounts payable under the settlement agreement and related unpaid legal expenses as of March 31, 2011 resulting in the recognition in the first quarter of 2011of an after tax gain from discontinued operations of $190.3 million, which is net of a $105.6 million income tax expense.

Liquidity and Capital Resources

Liquidity:

     Cooper’s operating working capital (defined as receivables and inventories less accounts payable) increased $211.0 million during the nine months ended September 30, 2011 reflecting working capital investments to support revenue growth and global growth initiatives, including acquisitions. A $146.4 million increase in receivables and a $67.4 million increase in inventories were partially offset by a $2.8 million increase in accounts payable. Operating working capital turnover (defined as annualized quarterly revenues divided by average quarterly operating working capital) for the third quarter of 2011 was 5.8 turns as compared to 5.8 turns in the third quarter of 2010, exclusive of the Tools business contributed to Apex Tool Group in July 2010, reflecting efficient working capital utilization.

     As discussed above and in Note 15 of the Notes to Consolidated Financial Statements, Cooper’s contingent liabilities related to the Automotive Products sale to Federal-Mogul in 1998 were resolved on April 5, 2011 with the closing of a settlement agreement with Pneumo Abex LLC. The settlement agreement

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terminated the 1994 Mutual Guaranty Agreement between Cooper and Pneumo and requires Cooper to make payments totaling $307.5 million, subject to certain reductions, to a settlement trust. Cooper used existing cash on hand to make the $250 million initial payment to the settlement trust at the closing of the settlement agreement in April 2011 with the remaining payments due in installments over four years.

     Cash provided by operating activities was $177.0 million during the nine months ended September 30, 2011, inclusive of the $250 million asbestos settlement trust payment discussed above. This cash, plus an additional $604.7 million of cash and cash equivalents and $54.8 million of cash received from stock option exercises, was primarily used to fund share purchases of $383.0 million, acquisitions of $250.1 million, dividends of $141.4 million and capital expenditures of $84.8 million.

     Cash provided by operating activities was $397.0 million during the nine months ended September 30, 2010. This cash, plus an additional $85.6 million of cash and cash equivalents and $34.5 million of cash received from stock option exercises, was primarily used to fund share purchases of $276.0 million, dividends of $132.7 million, capital expenditures of $57.9 million, acquisitions of $21.6 million and $34.9 million to place funds in an escrow account related to an acquisition that closed in the fourth quarter of 2010.

Capital Resources:

     Cooper targets a 30% to 40% debt-to-total capitalization ratio. Excess cash flows are utilized to fund acquisitions or to purchase shares of Cooper common stock. Cooper’s debt-to-total capitalization ratio was 29.3% at September 30, 2011, 30.8% at December 31, 2010 and 23.5% at September 30, 2010.

     At September 30, 2011 and December 31, 2010, Cooper had cash and cash equivalents of $430.6 million and $1.0 billion, respectively. Cooper had short-term debt of $6.2 million and $7.7 million at September 30, 2011 and December 31, 2010, respectively. Cooper’s practice is to back up its short-term debt balance with a combination of cash, cash equivalents, and committed credit facilities.

     On May 26, 2011, Cooper entered into a credit agreement that provides a $500 million five-year committed bank credit facility that replaced Cooper’s previous credit facility that was to mature in August 2012. The credit facility agreement is not subject to termination based on a decrease in Cooper’s debt ratings or a material adverse change clause. The only financial covenant in the agreement limits Cooper’s debt-to-total capitalization ratio to 60%. Cooper is in compliance with all covenants set forth in the credit facility agreement. At September 30, 2011, Cooper has $500 million available under this credit facility.

     Cooper’s access to the commercial paper market could be adversely affected by a change in the credit ratings assigned to its commercial paper. Should Cooper’s access to the commercial paper market be adversely affected due to a change in its credit ratings, Cooper would rely on a combination of available cash and its committed credit facility to provide short-term funding. The committed credit facility does not contain any provision which makes its availability to Cooper dependent on Cooper’s credit ratings.

     Cooper believes our internal cash generation together with existing cash and cash equivalent balances and availability under the committed credit facility is sufficient to fund current operations, projected capital expenditures, scheduled debt repayments, the current rate of cash dividends, and anticipated common stock repurchases. Cooper evaluates opportunities to expand through acquisitions as well as through the growth of our current businesses. While a significant acquisition may require additional debt and/or equity financing, Cooper believes its conservative financial structure and access to capital markets provides the strength and flexibility to support the liquidity needs to achieve its strategic objectives.

Critical Accounting Estimates and Recently Issued Accounting Standards

     We disclosed our critical accounting policies in our Annual Report on Form 10-K for the year ended December 31, 2010 and no significant change has occurred to those policies.

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Off-Balance Sheet Arrangements and Aggregate Contractual Obligations

     As of September 30, 2011, there have been no material changes to Cooper’s off-balance sheet arrangements and contractual obligations as described in its Annual Report on Form 10-K for the year ended December 31, 2010.

Backlog

     Sales backlog represents the dollar amount of all firm open orders for which all terms and conditions pertaining to the sale have been approved such that a future sale is reasonably expected. Sales backlog by segment was as follows:

	September 30,
	2011		2010
	(in millions)
Energy & Safety Solutions	$	531.3	$	470.7
Electrical Products Group		201.4		210.3
	$	732.7	$	681.0

Item 4. Controls and Procedures

     The Company’s management, with the participation of the Company’s Chairman and Chief Executive Officer and Senior Vice President and Chief Financial Officer, has evaluated the effectiveness of the Company’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of the end of the period covered by this report. Based on such evaluation, the Company’s Chairman and Chief Executive Officer and Senior Vice President and Chief Financial Officer have concluded that, as of the end of such period, the Company’s disclosure controls and procedures are effective, at the reasonable assurance level, in recording, processing, summarizing and reporting, on a timely basis, information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act and are effective, at the reasonable assurance level, in ensuring that information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the Company’s management, including the Company’s Chairman and Chief Executive Officer and Senior Vice President and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

     There have not been any changes in the Company’s internal control over financial reporting (identified in connection with the evaluation required by paragraph (d) in Rules 13a-15 and 15d-15 under the Exchange Act) during the most recently completed fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

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PART II — OTHER INFORMATION

Item 1. Legal Proceedings

Discontinued Operations Liability

     Information regarding the discontinued operations liability is incorporated by reference to Note 15 of the Notes to Consolidated Financial Statements included in Part I of this Form 10-Q.

Other Matters

     Information regarding other matters is incorporated by reference to Note 5 of the Notes to Consolidated Financial Statements included in Part I of this Form 10-Q.

Item 1A. Risk Factors

     There have been no material changes in the risk factors previously disclosed in Cooper’s Annual Report on Form 10-K for the fiscal year ended December 31, 2010.

Item 2. Changes in Securities, Use of Proceeds and Issuer Purchases of Equity Securities

     The following table reflects activity related to equity securities purchased by Cooper during the three months ended September 30, 2011:

Purchases of Equity Securities

					Total Number of
					Shares Purchased as
					Part of Publicly		Maximum Number of Shares
	Total Number of		Average Price Paid		Announced Plans or		that May Yet Be Purchased
Period	Shares Purchased		per Share		Programs (1)		Under the Plans or Programs (1)
As of 6/30/11								11,083,462
7/01/11 — 7/31/11		—	$	—		—		11,083,462
8/01/11 — 8/31/11		5,592,389	$	48.49		5,592,389		5,491,073
9/01/11 — 9/30/11		1,550,000	$	46.06		1,550,000		3,941,073	(2)
Total		7,142,389	$	47.96		7,142,389

(1)

On February 9, 2009, Cooper’s Board of Directors authorized the repurchase of 10 million shares of Cooper common stock. Cooper’s Board has also authorized the repurchase of shares issued from time to time under its equity compensation plans, matched savings plan and dividend reinvestment plan in order to offset the dilution that results from issuing shares under these plans. For 2011, Cooper’s current estimate is that 3 million shares would be issued under equity compensation plans, which is reflected in the above table. On November 1, 2011, Cooper’s Board of Directors increased the share repurchase authorization by 10 million shares, which is not reflected in the above table.

(2)

During the nine months ended September 30, 2011, Cooper had repurchased the 3 million shares intended to offset the dilution from share issuances under equity compensation plans, as well as 4.8 million additional shares under the Board of Directors authorizations discussed above. Cooper may continue to repurchase shares under these authorizations from time to time during 2011. The decision whether to do so will depend on the favorability of market conditions, as well as potential cash requirements for acquisitions and debt repayments.

Item 3. Defaults Upon Senior Securities

     Not applicable

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Item 6. Exhibits

10.1	Amendment to Second Amended and Restated Rights Agreement dated as of September 2, 2011 between Cooper Industries plc and Computershare Trust Company, N.A. as Rights Agent (incorporated by reference to Exhibit 4.1 to Cooper’s Current Report on Form 8-K filed September 2, 2011).
12.	Computation of Ratios of Earnings to Fixed Charges for the Calendar Years 2006 through 2010 and the Nine Months Ended September 30, 2011 and 2010.
31.1	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101.INS	XBRL Instance Document
101.SCH	XBRL Schema Document
101.CAL	XBRL Calculation Linkbase Document
101.LAB	XBRL Label Linkbase Document
101.PRE	XBRL Presentation Linkbase Document
101.DEF	XBRL Definition Linkbase Document

Signatures

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	Cooper Industries plc
	(Registrant)
Date: November 3, 2011	/s/ David A. Barta
	David A. Barta, Senior Vice President and Chief Financial Officer
Date: November 3, 2011	/s/ Rick L. Johnson
	Rick L. Johnson, Vice President, Controller and Chief Accounting Officer

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Exhibit Index

Exhibit No.

10.1	Amendment to Second Amended and Restated Rights Agreement dated as of September 2, 2011 between Cooper Industries plc and Computershare Trust Company, N.A. as Rights Agent (incorporated by reference to Exhibit 4.1 to Cooper’s Current Report on Form 8-K filed September 2, 2011).
12.	Computation of Ratios of Earnings to Fixed Charges for the Calendar Years 2006 through 2010 and the Nine Months ended September 30, 2011 and 2010.
31.1	Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2	Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101.INS	XBRL Instance Document
101.SCH	XBRL Schema Document
101.CAL	XBRL Calculation Linkbase Document
101.LAB	XBRL Label Linkbase Document
101.PRE	XBRL Presentation Linkbase Document
101.DEF	XBRL Definition Linkbase Document

EX-12

Exhibit 12

COOPER INDUSTRIES PLC
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Dollar Amounts in Thousands)
(Unaudited)

	Nine Months Ended
	September 30,						Year Ended December 31,
	2011			2010			2010			2009		2008		2007			2006
Interest Expense	$	52,420		$	37,600		$	51,450		$	64,200	$	70,400	$	51,000		$	51,500
Estimated Interest Portion of Rent Expense		10,344			11,186			14,800			14,284		14,058		12,132			10,168
Fixed Charges	$	62,764		$	48,786		$	66,250		$	78,484	$	84,458	$	63,132		$	61,668
Income From Continuing Operations Before Income Taxes	$	569,600		$	363,000		$	530,100		$	482,700	$	807,200	$	826,200		$	647,700
Add: Fixed Charges		62,764			48,786			66,250			78,484		84,458		63,132			61,668
Distributed income of Equity Investees		20,866			—			—			—		—		—			—
Less: Equity in (Income)/Losses of Equity Investees		(44,926	)		(10,540	)		(22,768	)		—		7,765		(265	)		(724	)
Earnings Before Fixed Charges	$	608,304		$	401,246		$	573,582		$	561,184	$	899,423	$	889,067		$	708,644
Ratio of Earnings to Fixed Charges		9.7x			8.2x			8.7x			7.2x		10.6x		14.1x			11.5x

EX-31.1

Exhibit 31.1

Certification

I, Kirk S. Hachigian, certify that:

1.	I have reviewed this report on Form 10-Q of Cooper Industries plc;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13(a)-15(f) and 15(d)-15(f)) for the registrant and have:

a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 3, 2011	/s/ Kirk S. Hachigian
	Kirk S. Hachigian
	Chairman, President and Chief Executive Officer

EX-31.2

Exhibit 31.2

Certification

I, David A. Barta, certify that:

1.	I have reviewed this report on Form 10-Q of Cooper Industries plc;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13(a)-15(f) and 15(d)-15(f)) for the registrant and have:

a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)	Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)	Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 3, 2011	/s/ David A. Barta
	David A. Barta
	Senior Vice President and Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350
AS ADOPTED PURSUANT TO SECTION 906 OF THE
SARBANES—OXLEY ACT OF 2002

In connection with the Quarterly Report of Cooper Industries plc (the “Company”) on Form 10-Q for the period ended September 30, 2011 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Kirk S. Hachigian, Chairman, President and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

(1)	The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Kirk S. Hachigian  

Kirk S. Hachigian 

Chairman, President and Chief Executive Officer 

November 3, 2011

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350
AS ADOPTED PURSUANT TO SECTION 906 OF THE
SARBANES—OXLEY ACT OF 2002

In connection with the Quarterly Report of Cooper Industries plc (the “Company”) on Form 10-Q for the period ended September 30, 2011 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, David A. Barta, Senior Vice President and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

(1)	The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ David A. Barta  

David A. Barta 

Senior Vice President and Chief Financial Officer 

November 3, 2011

XML

Financial Instruments and Hedging Activities, Concentrations of Credit Risk and Fair Value of Financial Instruments (Details 1) (USD $) In Millions	Sep. 30, 2011	Dec. 31, 2010
U. S. dollar equivalent contractual amounts of Cooper's forward exchange contracts
Total Contractual amounts of forward exchange contracts	$ 1,168.2	$ 1,777.0
United States of America, Dollars [Member]
U. S. dollar equivalent contractual amounts of Cooper's forward exchange contracts
Total Contractual amounts of forward exchange contracts	579.4	894.8
Euro Member Countries, Euro [Member]
U. S. dollar equivalent contractual amounts of Cooper's forward exchange contracts
Total Contractual amounts of forward exchange contracts	411.7	335.4
United Kingdom, Pounds [Member]
U. S. dollar equivalent contractual amounts of Cooper's forward exchange contracts
Total Contractual amounts of forward exchange contracts	153.2	143.9
Canada, Dollars [Member]
U. S. dollar equivalent contractual amounts of Cooper's forward exchange contracts
Total Contractual amounts of forward exchange contracts	0	370.6
Other Currencies [Member]
U. S. dollar equivalent contractual amounts of Cooper's forward exchange contracts
Total Contractual amounts of forward exchange contracts	$ 23.9	$ 32.3

XML

Consolidated Balance Sheets (Unaudited) (USD $) In Millions	Sep. 30, 2011	Dec. 31, 2010	Sep. 30, 2010	Dec. 31, 2009
ASSETS
Cash and cash equivalents	$ 430.6	$ 1,035.3	$ 296.0	$ 381.6
Receivables, less allowances	942.3	795.9
Inventories	506.3	438.9
Current discontinued operations receivable	3.8	13.0
Other current assets	225.8	207.5
Total current assets	2,108.8	2,490.6
Property, plant and equipment, less accumulated depreciation	615.7	608.3
Investment in Apex Tool Group, LLC	531.2	511.3
Goodwill	2,513.6	2,356.5
Other intangible assets, less accumulated amortization	372.6	333.6
Long-term discontinued operations receivable	5.1	150.6
Other noncurrent assets	175.0	217.7
Total assets	6,322.0	6,668.6
LIABILITIES AND SHAREHOLDERS' EQUITY
Short-term debt	6.2	7.7
Accounts payable	465.4	462.6
Accrued liabilities	527.7	510.1
Current discontinued operations liability	9.4	45.4
Current maturities of long-term debt	0.7	0.6
Total current liabilities	1,009.4	1,026.4
Long-term debt	1,420.9	1,420.4
Long-term discontinued operations liability	40.5	701.7
Other long-term liabilities	398.2	314.0
Total liabilities	2,869.0	3,462.5
Common stock, $.01 par value	1.7	1.7
Retained earnings	4,288.9	3,658.7
Treasury stock	(671.6)	(288.6)
Accumulated other nonowner changes in equity	(166.0)	(165.7)
Total shareholders' equity	3,453.0	3,206.1
Total liabilities and shareholders' equity	$ 6,322.0	$ 6,668.6

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Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	Sep. 30, 2011	Dec. 31, 2010
LIABILITIES AND SHAREHOLDERS' EQUITY
Common stock, par value	$ 0.01	$ 0.01

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Discontinued Operations Receivable and Liability - Cash Activity Related to Discontinued Operations Assets and Liabilties (Details Textual) (USD $) In Millions	3 Months Ended			9 Months Ended	12 Months Ended
	Dec. 31, 2008	Sep. 30, 2008	Dec. 31, 2007	Sep. 30, 2011	Dec. 31, 2009	Apr. 05, 2011	Dec. 31, 2010
Discontinued Operations Receivable and Liability (Textual)
Potential payment to be received under third party bankruptcy settlement			$ 138
Actual payment received under third party bankruptcy settlement	138
Potential additional settlement payment in future years			20
Interest received related to third party bankruptcy settlement payment	3
Initial payment to settlement trust required under potential third party bankruptcy settlement			248.5
Tax expense (benefit) related to Income from discontinued operations		9.4		105.6	16.2
Estimated undiscounted liability for asbestos claims related to discontinued operations	815.1				784.5	736.3	747.1
Access to Abex insurance policies with remaining limits, minimum						660
Estimated insurance recoveries for asbestos claims related to discontinued operations	192.3				179.3	151.9	163.6
Total amount of payments due under settlement agreement						307.5
Amount of payment due at closing under settlement agreement						250.0
Remaining amount of payments due under settlement agreement						49.6
Payment due under settlement agreement, 2012				9.1
Payment due under settlement agreement, 2013				17.0
Payment due under settlement agreement, 2014				11.75
Payment due under settlement agreement, 2015				11.75
Income related to discontinued operations, net of income taxes		16.6		190.3	25.5
Receivable for Non-Abex asbestos related insurance settlements				$ 8.9

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Acquisitions (Tables)

9 Months Ended

Sep. 30, 2011

Acquisitions [Abstract]

Aggregate estimated fair values of assets acquired and liabilities assumed

	(in millions)
Receivables	$	30.4
Inventories		33.2
Property, plant and equipment		6.9
Goodwill		154.4
Other intangible assets		57.0
Accounts payable		(18.8	)
Debt		(2.7	)
Other assets and liabilities, net		(10.3	)
Net cash consideration	$	250.1

Unaudited pro forma information that gives effect to all prior acquisitions

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2011		2010		2011		2010
	(in millions)
Revenues	$	1,399.7	$	1,287.2	$	4,124.4	$	3,946.2
Income from continuing operations		160.7		144.5		481.7		310.0
Diluted earnings per share from continuing operations	$	.98	$	.87	$	2.89	$	1.84

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Document and Entity Information	9 Months Ended
	Sep. 30, 2011
Document and Entity Information [Abstract]
Entity Registrant Name	Cooper Industries plc
Entity Central Index Key	0001141982
Document Type	10-Q
Document Period End Date	Sep. 30, 2011
Amendment Flag	false
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	158,101,261

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Net Income and Other Nonowner Changes in Equity (Details) (USD $) In Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
The components of net income and other nonowner changes in equity, net of related taxes
Net income	$ 160.2	$ 141.7	$ 667.7	$ 301.9
Foreign currency translation	(54.2)	67.1	(10.5)	99.3
Change in fair value of derivatives	4.6	(3.3)	4.3	(5.8)
Pension and postretirement benefit plans	2.2	3.1	5.9	7.6
Net income and other nonowner changes in equity	112.8	208.6	667.4	403.0
Net Income and Other Nonowner Changes in Equity (Textual) [Abstract]
Write-off of recognized cumulative currency translation losses related to contribution of net assets to Tools Joint Venture				159.3
Net of Tax Write-off of recognized cumulative currency translation losses related to contribution of net assets to Tools Joint Venture				103.5
Pension and postretirement benefit plans loss related to contribution of net assets to Tools Joint Venture				1.7
Net of Tax pension and postretirement benefit plans loss related to contribution of net assets to Tools Joint Venture				$ 0.9

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Income Taxes (Tables)

9 Months Ended

Sep. 30, 2011

Income Taxes [Abstract]

Net Deferred Taxes Recognized in the Balance Sheet

	September			December
	30, 2011			31, 2010
	(in millions)
Other current assets	$	91.4		$	76.0
Other noncurrent assets		—			42.1
Other long-term liabilities		(114.2	)		—
Net deferred tax assets (liabilities)	$	(22.8	)	$	118.1

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Net Income Per Common Share (Details Textual) In Millions	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010
Net Income Per Common Share (Textual) [Abstract]
Anti-dilutive options and employee awards	1.5	2.6

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Shareholders' Equity

9 Months Ended

Sep. 30, 2011

Shareholders' Equity [Abstract]

Shareholders' Equity

Note 7. Shareholders’ Equity

     Cooper Industries plc has common shares, $.01 par value outstanding of 158,101,261 (net of 14,325,562 treasury shares) and 164,130,802 (net of 6,537,900 treasury shares) at September 30, 2011 and December 31, 2010, respectively. During the first nine months of 2011, Cooper purchased 7,787,662 shares of treasury stock at an average price of $49.18 per share under the Board of Directors authorizations discussed below. During the first nine months of 2011, Cooper issued 1,758,121 common shares primarily in connection with employee incentive and benefit plans and Cooper’s dividend reinvestment program.

     On February 9, 2009, Cooper’s Board of Directors authorized the purchase of 10 million shares of common stock. Cooper’s Board has also authorized the repurchase of shares issued from time to time under its equity compensation plans, matched savings plan and dividend reinvestment plan in order to offset the dilution that results from issuing shares under these plans. For 2011 Cooper’s current estimate is that 3 million shares would be issued under equity compensation plans. Cooper may continue to repurchase shares under these authorizations from time to time during 2011. The decision whether to do so will depend on the favorability of market conditions, as well as potential cash requirements for acquisitions and debt repayments. As of September 30, 2011, 3,941,073 shares remain available to be repurchased under the authorizations by the Board of Directors. On November 1, 2011, Cooper’s Board of Directors increased the share repurchase authorization by 10 million shares.

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Pension and Other Postretirement Benefits (Tables)

9 Months Ended

Sep. 30, 2011

Pension and Other Postretirement Benefits [Abstract]

Components of net periodic benefit cost

	Pension Benefits
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2011			2010			2011			2010
	(in millions)
Components of net periodic benefit cost:
Service cost	$	0.6		$	0.7		$	1.8		$	2.5
Interest cost		8.4			9.1			25.2			28.6
Expected return on plan assets		(10.9	)		(10.6	)		(32.7	)		(32.1	)
Amortization of prior service cost		(0.6	)		(0.7	)		(2.0	)		(2.0	)
Recognized actuarial loss		5.4			5.2			15.3			15.9
Net periodic benefit cost	$	2.9		$	3.7		$	7.6		$	12.9

	Other Postretirement Benefits
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2011			2010			2011			2010
	(in millions)
Components of net periodic benefit cost:
Interest cost	$	0.9		$	1.1		$	2.7		$	3.5
Amortization of prior service cost		(0.5	)		(0.5	)		(1.5	)		(1.5	)
Recognized actuarial gain		(0.8	)		(0.5	)		(2.4	)		(1.5	)
Net periodic benefit cost (gain)	$	(0.4	)	$	0.1		$	(1.2	)	$	0.5

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Income Taxes (Details) (USD $) In Millions	Sep. 30, 2011	Dec. 31, 2010
Net Deferred Taxes Recognized in Balance Sheet
Other current assets	$ 91.4	$ 76.0
Other noncurrent assets	0	42.1
Other long-term liabilities	(114.2)	0
Net Total Deferred Tax Assets	$ (22.8)	$ 118.1

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Contingencies (Details) (USD $) In Millions	Sep. 30, 2011
Contingencies (Textual) [Abstract]
Transactions related to legislation with U.S. government entities self-reported to Department of Defense	$ 8
Accrual of potential environmental liabilities	29.7
Long term potential environmental liabilities	$ 8.8

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Segment Information (Tables)

9 Months Ended

Sep. 30, 2011

Segment Information [Abstract]

Segment Information

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2011			2010			2011			2010
	(in millions)
Segment Revenues
Energy and Safety Solutions	$	752.2		$	655.7		$	2,184.1		$	1,840.0
Electrical Products Group		637.5			585.0			1,852.2			1,654.8
Total Electrical segments		1,389.7			1,240.7			4,036.3			3,494.8
Tools		—			—			—			311.2
Total segment revenues	$	1,389.7		$	1,240.7		$	4,036.3		$	3,806.0
Segment Operating Earnings
Energy and Safety Solutions	$	125.6		$	111.1		$	375.4		$	310.9
Electrical Products Group		88.3			94.2			270.0			250.3
Total Electrical segments		213.9			205.3			645.4			561.2
Tools		—			—			—			33.1
Total segment operating earnings		213.9			205.3			645.4			594.3
General Corporate expense		24.6			22.9			70.9			63.1
Equity in (income) of Apex Tool Group, LLC		(16.0	)		(10.5	)		(44.9	)		(10.5	)
Loss related to contribution of net assets to Apex Tool Group, LLC		—			—			—			134.5
Restructuring charges		—			1.5			—			8.0
Interest expense, net		16.4			12.3			49.8			36.2
Income from continuing operations before income taxes	$	188.9		$	179.1		$	569.6		$	363.0

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Net Income Per Common Share

9 Months Ended

Sep. 30, 2011

Net Income Per Common Share [Abstract]

Net Income Per Common Share

Note 12. Net Income Per Common Share

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2011		2010		2011		2010
	(in millions)
Basic:
Income from continuing operations	$	160.2	$	141.7	$	477.4	$	301.9
Income from discontinued operations		—		—		190.3		—
Net income applicable to common stock	$	160.2	$	141.7	$	667.7	$	301.9
Weighted average common shares outstanding		162.3		165.3		164.3		166.9
Diluted:
Income from continuing operations	$	160.2	$	141.7	$	477.4	$	301.9
Income from discontinued operations		—		—		190.3		—
Net income applicable to common stock	$	160.2	$	141.7	$	667.7	$	301.9
Weighted average common shares outstanding		162.3		165.3		164.3		166.9
Incremental shares from assumed conversions:
Options, performance-based stock awards and other employee awards		1.7		1.8		2.2		1.9
Weighted average common shares and common share equivalents		164.0		167.1		166.5		168.8

     Options and employee awards are not included as common stock equivalents in the calculations if the effect would be anti-dilutive. Anti-dilutive options and employee awards of 1.5 million and 2.6 million shares were excluded from the calculations during the nine month periods ended September 30, 2011 and 2010 respectively.

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Inventories

9 Months Ended

Sep. 30, 2011

Inventories [Abstract]

Inventories

Note 3. Inventories

	September 30,			December 31,
	2011			2010
	(in millions)
Raw materials	$	206.5		$	168.6
Work-in-process		118.9			97.9
Finished goods		314.4			288.5
Perishable tooling and supplies		7.2			7.6
		647.0			562.6
Allowance for excess and obsolete inventory		(63.9	)		(57.8	)
Excess of FIFO costs over LIFO costs		(76.8	)		(65.9	)
Net inventories	$	506.3		$	438.9

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Acquisitions (Details Textual) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2011 Year Acquisition	Sep. 30, 2010 Acquisition
Acquisitions (Textual) [Abstract]
Number of Businesses Acquired	4	5
Recognition of preliminary estimated aggregate goodwill	$ 154.4
Additional Acquisitions (Textual) [Abstract]
Fair value of the total consideration for acquisitions	263.3
Goodwill	154.4
Percentage of goodwill expected to be deductible for tax purposes	0.00%
Recognition of other intangible assets	57.0
Expected minimum amortization periods of finite lived other intangible assets	3
Expected maximum amortization periods of finite lived other intangible assets	15
Weighted average amortization period of finite lived intangible assets expected to be amortized	10
Energy and Safety Solutions [Member]
Acquisitions (Textual) [Abstract]
Number of Businesses Acquired	2	4
Recognition of preliminary estimated aggregate goodwill	38.0
Additional Acquisitions (Textual) [Abstract]
Goodwill	38.0
Electrical Products Group [Member]
Acquisitions (Textual) [Abstract]
Number of Businesses Acquired	2	1
Recognition of preliminary estimated aggregate goodwill	116.4
Additional Acquisitions (Textual) [Abstract]
Goodwill	$ 116.4

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Stock-Based Compensation

9 Months Ended

Sep. 30, 2011

Stock-Based Compensation [Abstract]

Stock-Based Compensation

Note 9. Stock-Based Compensation

     Cooper had a share-based compensation plan known as the Amended and Restated Stock Incentive Plan (the “Prior Stock Plan”). The Prior Stock Plan provided for the granting of stock options, performance-based share awards and restricted stock units. Since the Prior Stock Plan’s original inception in 1996 the aggregate number of shares authorized under the Prior Stock Plan was 41 million. On May 2, 2011, Cooper shareholders approved the Cooper Industries plc 2011 Omnibus Incentive Compensation Plan (the “2011 Incentive Plan”) which replaced the Prior Stock Plan and the Management Annual Incentive Plan (the “Bonus Plan”). The 2011 Incentive Plan is intended to promote our long-term success and achievement of both our short- and long-term business objectives and increase shareholder value by attracting, motivating, and retaining non-employee directors, officers and employees. The 2011 Incentive Plan provides for the granting of stock options, stock appreciation rights, restricted stock awards, restricted stock units, performance unit awards, performance share awards, other stock-based awards, cash-based awards and dividend equivalents to eligible participants. At the time of approval of the 2011 Incentive Plan, there were 10.6 million shares available for future grants, including approximately 4.0 million shares that were available for future grants under the Prior Stock Plan and the Bonus Plan which were transferred to and are now available for issuance under the 2011 Incentive Plan. Shares that are subject to outstanding awards under the Prior Stock Plan that are forfeited or are otherwise settled or terminated without a distribution of shares will be transferred to and available for issuance under the 2011 Incentive Plan. At May 2, 2011, Cooper had approximately 9.4 million stock awards outstanding under the Prior Stock Plan.

     During the nine month period ended September 30, 2011, Cooper granted 1,316,090 stock option awards, 402,778 performance-based shares and 223,503 restricted stock units. As of September 30, 2011, 10,824,883 shares were available for future grants under the 2011 Incentive Plan. Total compensation expense for all share-based compensation arrangements was $28.1 million and $24.1 million for the nine month periods ended September 30, 2011 and 2010, respectively. The total income tax benefit recognized in the income statement for all share-based compensation arrangements was $10.3 million and $8.7 million for the nine month periods ended September 30, 2011 and 2010, respectively.

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Financial Instruments and Hedging Activities, Concentrations of Credit Risk and Fair Value of Financial Instruments

9 Months Ended

Sep. 30, 2011

Financial Instruments and Hedging Activities, Concentrations of Credit Risk and Fair Value of Financial Instruments [Abstract]

Financial Instruments and Hedging Activities, Concentrations of Credit Risk and Fair Value of Financial Instruments

Note 14. Financial Instruments and Hedging Activities, Concentrations of Credit Risk and Fair Value of Financial Instruments

Derivative Instruments and Hedging Activities

     As a result of having sales, purchases and certain intercompany transactions denominated in currencies other than the functional currencies of Cooper’s businesses, Cooper is exposed to the effect of currency exchange rate changes on its cash flows and earnings. Cooper enters into currency forward exchange contracts to hedge significant non-functional currency denominated transactions for periods consistent with the terms of the underlying transactions. Contracts generally have maturities that do not exceed one year.

     Currency forward exchange contracts executed to hedge forecasted transactions are accounted for as cash flow hedges. Currency forward exchange contracts executed to hedge a recognized asset, liability or firm commitment are accounted for as fair value hedges. Cooper sometimes enters into certain currency forward exchange contracts that are not designated as hedges. These contracts are intended to reduce cash flow volatility generally related to short-term intercompany financing transactions. Cooper also enters into commodity swaps to reduce the volatility of price fluctuations on a portion of up to eighteen months of forecasted material purchases. These instruments are designated as cash flow hedges. Cooper does not enter into speculative derivative transactions.

     During October 2005 Cooper entered into cross-currency swaps designated as cash flow hedges to effectively convert its newly issued $325 million, 5.25% fixed-rate debt maturing in November 2012 to €272.6 million of 3.55% fixed-rate debt. The $325 million debt issuance proceeds were swapped to €272.6 million and lent through an intercompany loan to a non-U.S. subsidiary to partially fund repayment of the 300 million Euro bond debt that matured on October 25, 2005. The cross-currency swaps mature in November 2012.

     Assets and liabilities measured on a recurring basis at fair value using Level 2 inputs and a market approach are as follows:

	September 30, 2011					December 31, 2010
	Assets		Liabilities			Assets		Liabilities
	(in millions)
Short-term currency forward exchange contracts	$	17.4	$	(23.2	)	$	23.9	$	(24.7	)
Long-term currency forward exchange contracts		59.5		(24.4	)		63.3		(26.4	)
Short-term commodity swaps		—		(3.3	)		2.9		—
Long-term cross-currency swaps		—		(35.2	)		—		(30.2	)

     Except as discussed below, the currency forward exchange contracts and commodity swaps in the above table are designated as hedging instruments. Currency forward exchange contracts representing assets of approximately $38.8 and $48.7 million and liabilities of $28.0 and $38.3 million at September 30, 2011 and December 31, 2010, respectively are not designated as hedging instruments.

     There were no changes in the valuation techniques used to measure asset or liability fair values on a recurring basis in 2011 or 2010.

     Gains or losses on derivative instruments are reported in the same line item as the underlying hedged transaction in the consolidated statements of income. The net gain or loss on currency forward exchange contracts was not material in the nine month periods ended September 30, 2011 and 2010. For commodity swaps, Cooper recognized, in cost of sales, a net gain of $1.4 and $1.9 million in the nine month periods ended September 30, 2011 and 2010, respectively. At September 30, 2011, Cooper estimates that approximately $3.6 million of net gains on derivative instruments designated as cash flow hedges will be reclassified from accumulated other nonowner changes in equity to earnings during the next twelve months. The amount of discontinued cash flow hedges in the nine month periods ended September 30, 2011 and 2010 was not material.

     The table below summarizes the U. S. dollar equivalent contractual amounts of Cooper’s forward exchange contracts at September 30, 2011 and December 31, 2010.

	September 30,		December 31,
	2011		2010
	(in millions)
U.S. Dollar	$	579.4	$	894.8
Euro		411.7		335.4
British Pound Sterling		153.2		143.9
Canadian Dollar		—		370.6
Other		23.9		32.3
	$	1,168.2	$	1,777.0

     The contractual amounts of Cooper’s commodity swap contracts at September 30, 2011 and December 31, 2010 was approximately $19 million and $14 million, respectively.

Other Instruments

     In the normal course of business, Cooper executes stand-by letters of credit, performance bonds and other guarantees that ensure Cooper’s performance or payment to third parties that are not reflected in the consolidated balance sheets. The aggregate notional value of these instruments was $119.7 million and $108.7 million at September 30, 2011 and December 31, 2010, respectively. In the past, no significant claims have been made against these financial instruments. Management believes the likelihood of demand for payment under these instruments is minimal and expects no material losses to occur in connection with these instruments.

Concentrations of Credit Risk

     Concentrations of credit risk with respect to trade receivables are limited due to the wide variety of customers as well as their dispersion across many different geographic areas with no one customer receivable exceeding 4.6% of accounts receivable at September 30, 2011 (5.0% at December 31, 2010). At September 30, 2011, Cooper has approximately 32% of its cash and cash equivalents held at two financial institutions. Cooper believes these financial institutions to be financially stable.

Fair Value of Financial Instruments Other than Derivatives

     Cooper’s financial instruments other than derivative instruments consist primarily of cash and cash equivalents, trade receivables, trade payables and debt instruments. The book values of cash and cash equivalents, trade receivables, and trade payables are considered to be representative of their respective fair values. Cooper had a book value of approximately $1.43 billion and $1.43 billion for debt instruments at September 30, 2011 and December 31, 2010, respectively. The fair value of these debt instruments, as represented primarily by quoted market prices, was approximately $1.55 billion and $1.52 billion at September 30, 2011 and December 31, 2010, respectively.

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Income Taxes

9 Months Ended

Sep. 30, 2011

Income Taxes [Abstract]

Income Taxes

Note 10. Income Taxes

     The effective tax rate for continuing operations was 16.2% for the nine months ended September 30, 2011 and 16.8% for the nine months ended September 30, 2010. Income tax expense for continuing operations was reduced by $9.7 million during the nine months ended September 30, 2011 for discrete tax adjustments related to the settlement of the discontinued operations asbestos liability that was required under accounting principles to be classified in continuing operations. During the nine months ended September 30, 2010 Cooper reduced income tax expense for continuing operations by $40.8 million to recognize the discrete tax effects related to the contribution of net assets to the Tools joint venture. Excluding these discrete tax adjustments, Cooper’s effective tax rate for continuing operations was 17.9% for the nine months ended September 30, 2011 and 20.5% for the nine months ended September 30, 2010.

     Net deferred taxes recognized in the balance sheet consist of:

	September			December
	30, 2011			31, 2010
	(in millions)
Other current assets	$	91.4		$	76.0
Other noncurrent assets		—			42.1
Other long-term liabilities		(114.2	)		—
Net deferred tax assets (liabilities)	$	(22.8	)	$	118.1

     The decrease during 2011 in the net deferred tax assets recognized was primarily related to the settlement of the discontinued operations asbestos liability as further discussed in Note 15 of the Notes to the Consolidated Financial Statements.

     The Internal Revenue Service (IRS) completed its examinations of Cooper’s 2007 and 2008 Federal Tax Returns and issued notices of assessment in the amounts of $16 million and $14 million, respectively, primarily by challenging Cooper’s intercompany pricing with a foreign affiliate. During the first quarter of 2011 the IRS and Cooper finalized a settlement regarding these matters. After consideration of the related liability Cooper had recorded, the settlement had no significant effect on Cooper’s consolidated financial statements.

     In June 2008 the German Tax Authorities issued a proposed audit finding related to a 2004 reorganization that was treated as a non-taxable event. In December 2009 at Cooper’s request, the German taxing authorities finalized and issued a notice of assessment for €62.8 million, inclusive of €5.7 million of interest, related to this matter. To continue to challenge the German tax authorities finding, Cooper paid the assessment in December 2009 for approximately $90 million and filed a suit to challenge the notice of assessment. Cooper continues to believe that the reorganization was properly reflected on its German income tax returns in accordance with applicable tax laws and regulations in effect during the period involved and will challenge the assessment vigorously. Although the outcome of the proceedings with the German Tax Authorities cannot be predicted with certainty, management believes that it is more likely than not that its tax position related to the 2004 reorganization will prevail. As such, Cooper has recognized the €62.8 million tax payment, including interest, in other noncurrent assets in the accompanying balance sheets.

The German tax payment has been included in Cooper’s foreign tax credit calculations in the United States, which would be amended upon successful defense of the German reorganization.

     Cooper is under examination by various United States State and Local taxing authorities, as well as various taxing authorities in other countries. Cooper is no longer subject to U.S. Federal income tax examinations by tax authorities for years prior to 2010 and, with few exceptions, Cooper is no longer subject to State and Local, or non-U.S. income tax examinations by tax authorities for years before 2000. Cooper fully cooperates with all audits, but defends existing positions vigorously. These audits are in various stages of completion. To provide for potential tax exposures, Cooper maintains a liability for unrecognized tax benefits, which management believes is adequate. The results of future audit assessments, if any, could have a material effect on Cooper’s cash flows as these audits are completed.

     At September 30, 2011 and December 31, 2010, Cooper has a foreign deferred tax asset of approximately $1.1 billion and $1.1 billion, respectively, relating to a net operating loss carryforward that was approved by a foreign jurisdiction in September 2009. Although this net operating loss carryforward has an indefinite life, a corresponding valuation allowance for the same amount was recognized because management believes at this time it is more likely than not that the deferred tax asset will not be realized.

     Cooper has unrecognized gross tax benefits of $14.2 million at September 30, 2011. Approximately $9.2 million of the unrecognized tax benefits would favorably impact the effective tax rate if recognized. Cooper believes it is reasonably possible that additional tax benefits in the range of approximately $1 to $6 million could be recognized during the next 12 months as audits close and statutes expire.

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Accounting Policies (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended	9 Months Ended
	Jun. 30, 2010	Sep. 30, 2010	Jul. 06, 2010
Accounting Policies (Textual) [Abstract]
Equity method Investment Fair Value			$ 480
Loss related to contribution of net assets to Apex Tool Group, LLC	$ 134.5	$ 134.5
Apex Tool Group Equity Method Investment, Ownership Percentage			50.00%
Apex Tool Group Equity Method Investment, Voting Percentage			50.00%

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Segment Information

9 Months Ended

Sep. 30, 2011

Segment Information [Abstract]

Segment Information

Note 8. Segment Information

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2011			2010			2011			2010
	(in millions)
Segment Revenues
Energy and Safety Solutions	$	752.2		$	655.7		$	2,184.1		$	1,840.0
Electrical Products Group		637.5			585.0			1,852.2			1,654.8
Total Electrical segments		1,389.7			1,240.7			4,036.3			3,494.8
Tools		—			—			—			311.2
Total segment revenues	$	1,389.7		$	1,240.7		$	4,036.3		$	3,806.0
Segment Operating Earnings
Energy and Safety Solutions	$	125.6		$	111.1		$	375.4		$	310.9
Electrical Products Group		88.3			94.2			270.0			250.3
Total Electrical segments		213.9			205.3			645.4			561.2
Tools		—			—			—			33.1
Total segment operating earnings		213.9			205.3			645.4			594.3
General Corporate expense		24.6			22.9			70.9			63.1
Equity in (income) of Apex Tool Group, LLC		(16.0	)		(10.5	)		(44.9	)		(10.5	)
Loss related to contribution of net assets to Apex Tool Group, LLC		—			—			—			134.5
Restructuring charges		—			1.5			—			8.0
Interest expense, net		16.4			12.3			49.8			36.2
Income from continuing operations before income taxes	$	188.9		$	179.1		$	569.6		$	363.0

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Discontinued Operations Receivable and Liability - Cash Activity Related to Discontinued Operations Assets and Liabilties (Details) (USD $) In Millions	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010
Net cash flow related to discontinued operations assets and liabilities
Indemnity and defense payments	$ (10.5)	$ (23.0)
Insurance recoveries	14.9	14.5
Payment to Pneumo Settlement Trust	(250.0)
Other	(1.0)	(1.7)
Net cash flow related to discontinued operations assets and liabilities	$ (246.6)	$ (10.2)

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Accounting Policies

9 Months Ended

Sep. 30, 2011

Accounting Policies [Abstract]

Accounting Policies

Note 1. Accounting Policies

     Basis of Presentation - The consolidated financial statements of Cooper Industries plc, an Irish company (“Cooper”), have been prepared in accordance with generally accepted accounting principles in the United States. The financial information presented as of any date other than December 31 has been prepared from the books and records without audit. Financial information as of December 31 has been derived from Cooper’s audited financial statements, but does not include all disclosures required by generally accepted accounting principles. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the financial information for the periods indicated, have been included. For further information regarding Cooper’s accounting policies, refer to the Consolidated Financial Statements and related notes for the year ended December 31, 2010 included in Part IV of Cooper’s 2010 Annual Report on Form 10-K.

     On March 26, 2010, Cooper announced that it entered into a Framework Agreement with Danaher Corporation to create a joint venture combining Cooper’s Tools business with certain Tools businesses from Danaher’s Tools and Components Segment (the “Joint Venture”). On July 6, 2010, Cooper announced the completion of the Joint Venture, named Apex Tool Group, LLC. Cooper and Danaher each own a 50% interest in the Joint Venture, have equal representation on its Board of Directors and have a 50% voting interest in the Joint Venture. At completion of the transaction in July 2010 Cooper deconsolidated the Tools business assets and liabilities contributed to the Joint Venture and recognized Cooper’s 50% ownership interest as an equity investment. Recording the investment at its fair value of $480 million resulted in a pretax loss of $134.5 million related to the transaction, which was recognized in the second quarter of 2010. Beginning in the third quarter of 2010, Cooper recognizes its proportionate share of the Joint Venture’s operating results using the equity method.

     New Accounting Pronouncements – In June 2011 the Financial Accounting Standards Board issued revised guidance on the presentation of comprehensive income that will be effective for Cooper beginning in 2012. This guidance eliminates the option to present the components of comprehensive income as part of the statement of shareholders’ equity and also requires presentation of reclassification adjustments from other comprehensive income to net income on the face of the financial statements. The implementation of this revised guidance in 2012 will change the presentation of our financial statements but will not have any impact on our consolidated financial condition, results of operations or cash flows.

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Goodwill

9 Months Ended

Sep. 30, 2011

Goodwill [Abstract]

Goodwill

Note 4. Goodwill

     Cooper has goodwill of $2.51 billion and $2.36 billion at September 30, 2011 and December 31, 2010, respectively. Cooper completed its annual impairment tests for each reporting unit’s goodwill as of January 1, 2011. The results of step one of the goodwill impairment tests did not require the completion of step two of the test for any reporting unit.

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Shareholders Equity (Details) (USD $)	9 Months Ended
	Sep. 30, 2011	Nov. 01, 2011	Dec. 31, 2010	Feb. 09, 2009
Shareholders Equity (Textual) [Abstract]
Par value of ordinary Common shares	$ 0.01		$ 0.01
Number of common shares outstanding	158,101,261		164,130,802
Number of shares held in treasury	14,325,562		6,537,900
Common shares issued for employee incentive, benefit plans and dividend reinvestment program	1,758,121
Treasury shares purchased	7,787,662
Treasury shares purchased, average cost per share	$ 49.18
Number of Common Stock Authorized for Purchase		10,000,000		10,000,000
Number of shares expected to be repurchased to offset dilution from share issuances under equity compensation plans	3,000,000
Number of shares authorized for repurchase	3,941,073

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Discontinued Operations Receivable and Liability (Tables)

9 Months Ended

Sep. 30, 2011

Discontinued Operations Receivable and Liability [Abstract]

Cash activity related to discontinued operations assets and liabilities

	Nine Months Ended
	September 30,
	2011			2010
	(in millions)
Cash Flow:
Indemnity and defense payments	$	(10.5	)	$	(23.0	)
Insurance recoveries		14.9			14.5
Payment to Pneumo Settlement Trust		(250.0	)		—
Other		(1.0	)		(1.7	)
Net cash flow related to discontinued operations assets and liabilities	$	(246.6	)	$	(10.2	)

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Financial Instruments and Hedging Activities, Concentrations of Credit Risk and Fair Value of Financial Instruments (Details Textual)	9 Months Ended				1 Months Ended
	Sep. 30, 2011 USD ($)	Sep. 30, 2010 USD ($)	Dec. 31, 2010 USD ($)	Oct. 25, 2005 EUR (€)	Oct. 31, 2005 Fixed-rate debt maturing in November 2012 USD [Member] USD ($)	Oct. 31, 2005 Fixed-rate debt maturing in November 2012 EUR [Member] EUR (€)	Sep. 30, 2011 Carrying (Reported) Amount, Fair Value Disclosure [Member] USD ($)	Dec. 31, 2010 Carrying (Reported) Amount, Fair Value Disclosure [Member] USD ($)	Sep. 30, 2011 Estimate of Fair Value, Fair Value Disclosure [Member] USD ($)	Dec. 31, 2010 Estimate of Fair Value, Fair Value Disclosure [Member] USD ($)
Debt Instrument [Line Items]
Fixed Interest rate on Hedged Debt					5.25%	3.55%
Long term debt					$ 325,000,000	€ 272,600,000
Proceeds from long term debt issuance					325,000,000	272,600,000
Fair Value of Financial Instruments Other than Derivatives (Textual) [Abstract]
Total Debt							1,430,000,000	1,430,000,000	1,550,000,000	1,520,000,000
Financial Instruments and Hedging Activities, Concentrations of Credit Risk and Fair Value of Financial Instruments (Textual) [Abstract]
Partially fund repayment of debt				300,000,000
Currency forward exchange contracts representing assets	38,800,000		48,700,000
Currency forward exchange contracts representing liabilities	28,000,000		38,300,000
Recognized net gain for commodity swaps	1,400,000	1,900,000
Net gains on derivatives designated as cash flow hedges to be reclassified during next 12 months	3,600,000
Contractual amount of commodity swap contracts	19,000,000		14,000,000
Aggregate notional value of other instruments	$ 119,700,000		$ 108,700,000
Concentration of Risk, Accounts Receivable	4.60%		5.00%
Percentage of cash and cash equivalents held at two financial institutions	32.00%

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Contingencies

9 Months Ended

Sep. 30, 2011

Contingencies [Abstract]

Contingencies

Note 5. Contingencies

     Cooper and its subsidiaries are defendants or otherwise involved in a number of lawsuits in the ordinary course of business. Cooper records its best estimate of a loss when the loss is considered probable. When a liability is probable and there is a range of estimated loss with no best estimate in the range, Cooper records the minimum estimated liability related to the lawsuits or claims. As additional information becomes available, Cooper assesses the potential liability related to pending litigation and claims and revises its estimates. Due to uncertainties related to the resolution of lawsuits and claims, the ultimate outcome may differ from the estimates. In the opinion of management and based on liability accruals provided, the ultimate exposure with respect to these pending lawsuits and claims is not expected to have a material adverse effect on Cooper’s consolidated financial position or cash flows, although they could have a material adverse effect on the results of operations for a particular reporting period.

     The U.S. Federal Government has enacted legislation intended to deny certain federal funding and government contracts to U.S. companies that reincorporate outside the United States, including Section 745 of the Consolidated Appropriations Act, 2008 (Public Law 110-161), Section 724(c) of the Transportation, Treasury, Housing and Urban Development, the Judiciary, and Independent Agencies Appropriations Act, 2006 (Public Law 109-115), and 6 U.S.C. 395(b) of The Homeland Security Act. Cooper has self-reported to the Department of Defense certain transactions aggregating approximately $8 million with U.S. government entities which may be subject to the legislation. At the time of this filing, it is not possible to determine whether any fines or penalties may be assessed against Cooper.

     In connection with laws and regulations pertaining to the protection of the environment, Cooper and its subsidiaries are party to several environmental proceedings and remediation investigations and cleanups and, along with other companies, have been named a potentially responsible party (PRP) for certain sites at which hazardous substances have been released into the environment (“Superfund sites”).

     Each of these matters is subject to various uncertainties and it is possible that some of these matters will be decided unfavorably against Cooper. The resolution of these matters often spans several years and frequently involves regulatory oversight or adjudication. Additionally, many remediation requirements are not fixed and are likely to be affected by future technological, site and regulatory developments. Consequently, the ultimate liability with respect to such matters, as well as the timing of cash disbursements cannot be determined with certainty.

     Environmental remediation costs are accrued based on estimates of known environmental remediation exposures. Such accruals are adjusted as information develops or circumstances change. The environmental liability accrual includes amounts related to sites owned by Cooper, retained environmental liabilities related to sites previously owned by Cooper and third-party sites where Cooper was a potentially responsible party. Third-party sites usually involve multiple contributors where Cooper’s liability will be determined based on an estimate of Cooper’s proportionate responsibility for the total cleanup. The amount actually accrued for such sites is based on these estimates as well as an assessment of the financial capacity of the other potentially responsible parties. At September 30, 2011, Cooper had an accrual of $29.7 million with respect to potential environmental liabilities, including $8.8 million classified as a long-term liability. Cooper has not utilized any form of discounting in establishing its environmental liability accruals.

     In the first quarter of 2010 Cooper received two notices of potential liability under Section 107(a) of the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) from the United States Environmental Protection Agency with respect to the release or threatened release of hazardous substances, pollutants, and contaminants into the 17-mile stretch of the river known as the Lower Passaic River Study Area, which is part of the Diamond Alkali Superfund Site located in Newark, New Jersey. The EPA sent notices to over 125 companies. The notices to Cooper identified three former sites in the Newark area owned by the former Thomas A. Edison, Inc. and McGraw-Edison Company. The notice alleges that as the successor to Thomas A. Edison, Inc. and the McGraw-Edison Company, the former owners and operators of the facilities, Cooper may be potentially liable for response costs and clean up of the site. Although the notices do not state an amount of potential liability, Cooper has included a provision for this claim in its environmental accrual assessment based on Cooper’s current estimate of the most likely amount of losses that it believes will be incurred.

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Stock-Based Compensation (Details Textual) (USD $) In Millions, except Share data	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011 Restricted Stock [Member]	Sep. 30, 2011 Performance Based Shares [Member]	May 02, 2011 Prior Stock Plan [Member]	May 02, 2011 2011 Incentive Plan [Member]
Additional Stock-Based Compensation (Textual) [Abstract]
Granted Shares			223,503	402,778
Aggregate number of shares authorized under the Prior Stock Plan					41,000,000
Shares available for future grants	10,824,883					10,600,000
Portion of shares available for future grants under Incentive Plan transferred from prior plans						4,000,000
Total stock awards outstanding					9,400,000
Stock-Based Compensation (Textual) [Abstract]
Total share based compensation expense	$ 28.1	$ 24.1
Total Income tax benefit related to share-based compensation	$ 10.3	$ 8.7
Total stock options granted	1,316,090

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Net Income Per Common Share (Tables)

9 Months Ended

Sep. 30, 2011

Net Income Per Common Share [Abstract]

Net income per common share basic and diluted

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2011		2010		2011		2010
	(in millions)
Basic:
Income from continuing operations	$	160.2	$	141.7	$	477.4	$	301.9
Income from discontinued operations		—		—		190.3		—
Net income applicable to common stock	$	160.2	$	141.7	$	667.7	$	301.9
Weighted average common shares outstanding		162.3		165.3		164.3		166.9
Diluted:
Income from continuing operations	$	160.2	$	141.7	$	477.4	$	301.9
Income from discontinued operations		—		—		190.3		—
Net income applicable to common stock	$	160.2	$	141.7	$	667.7	$	301.9
Weighted average common shares outstanding		162.3		165.3		164.3		166.9
Incremental shares from assumed conversions:
Options, performance-based stock awards and other employee awards		1.7		1.8		2.2		1.9
Weighted average common shares and common share equivalents		164.0		167.1		166.5		168.8

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Acquisitions (Details) (USD $) In Millions	Sep. 30, 2011
Aggregate estimated fair values of assets acquired and liabilities assumed
Receivables	$ 30.4
Inventories	33.2
Property, plant and equipment	6.9
Goodwill	154.4
Other intangible assets	57.0
Accounts payable	(18.8)
Debt	(2.7)
Other assets and liabilities, net	(10.3)
Net cash consideration	$ 250.1

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Segment Information (Details) (USD $) In Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Jun. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Segment Information
Total revenues	$ 1,389.7	$ 1,240.7		$ 4,036.3	$ 3,806.0
Operating earnings	205.3	191.4		619.4	399.2
Equity in (income) of Apex Tool Group, LLC	(16.0)	(10.5)		(44.9)	(10.5)
Loss related to contribution of net assets to Apex Tool Group, LLC			134.5		134.5
Restructuring charges		1.5			8.0
Interest expense, net	16.4	12.3		49.8	36.2
Income from continuing operations before income taxes	188.9	179.1		569.6	363.0
Operating Segments [Member]
Segment Information
Operating earnings	213.9	205.3		645.4	594.3
Energy and Safety Solutions [Member]
Segment Information
Total revenues	752.2	655.7		2,184.1	1,840.0
Operating earnings	125.6	111.1		375.4	310.9
Electrical Products Group [Member]
Segment Information
Total revenues	637.5	585.0		1,852.2	1,654.8
Operating earnings	88.3	94.2		270.0	250.3
Total Electrical Segments [Member]
Segment Information
Total revenues	1,389.7	1,240.7		4,036.3	3,494.8
Operating earnings	213.9	205.3		645.4	561.2
Tools [Member]
Segment Information
Total revenues					311.2
Operating earnings					33.1
Unallocated Amounts to Segments [Member]
Segment Information
General Corporate expense	24.6	22.9		70.9	63.1
Equity in (income) of Apex Tool Group, LLC	(16.0)	(10.5)		(44.9)	(10.5)
Loss related to contribution of net assets to Apex Tool Group, LLC					134.5
Restructuring charges		1.5			8.0
Interest expense, net	16.4	12.3		49.8	36.2
Income from continuing operations before income taxes	$ 188.9	$ 179.1		$ 569.6	$ 363.0

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Financial Instruments and Hedging Activities, Concentrations of Credit Risk and Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2011

Financial Instruments and Hedging Activities, Concentrations of Credit Risk and Fair Value of Financial Instruments [Abstract]

Assets and liabilities measured at fair value

	September 30, 2011					December 31, 2010
	Assets		Liabilities			Assets		Liabilities
	(in millions)
Short-term currency forward exchange contracts	$	17.4	$	(23.2	)	$	23.9	$	(24.7	)
Long-term currency forward exchange contracts		59.5		(24.4	)		63.3		(26.4	)
Short-term commodity swaps		—		(3.3	)		2.9		—
Long-term cross-currency swaps		—		(35.2	)		—		(30.2	)

U. S. dollar equivalent contractual amount of forward exchange contracts

	September 30,		December 31,
	2011		2010
	(in millions)
U.S. Dollar	$	579.4	$	894.8
Euro		411.7		335.4
British Pound Sterling		153.2		143.9
Canadian Dollar		—		370.6
Other		23.9		32.3
	$	1,168.2	$	1,777.0

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Net Income and Other Nonowner Changes in Equity

9 Months Ended

Sep. 30, 2011

Shareholders' Equity [Abstract]

Net Income and Other Nonowner Changes in Equity

Note 13. Net Income and Other Nonowner Changes in Equity

     The components of net income and other nonowner changes in equity, net of taxes, were as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2011			2010			2011			2010
	(in millions)
Net income	$	160.2		$	141.7		$	667.7		$	301.9
Foreign currency translation1		(54.2	)		67.1			(10.5	)		99.3
Change in fair value of derivatives		4.6			(3.3	)		4.3			(5.8	)
Pension and postretirement benefit plans2		2.2			3.1			5.9			7.6
Net income and other nonowner changes in equity	$	112.8		$	208.6		$	667.4		$	403.0

1

Foreign currency translation gains included in net income and other nonowner changes in equity for the nine month period ended September 30, 2010 includes a gain from the reclassification from equity of $159.3 million ($103.5 million net of the associated tax affect) of previously deferred currency translation losses that were recognized in net income as part of the loss related to the contribution of net assets to the Tools joint venture.

2

The change in pension and postretirement benefit plans included in net income and other nonowner changes in equity for the nine month period ended September 30, 2010 includes a gain from the reclassification from equity of $1.7 million ($0.9 million net of the associated tax affect) of previously deferred pension plan losses that were recognized in net income as part of the loss related to the contribution of net assets to the Tools joint venture.

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Consolidating Financial Information - Consolidating Statements of Cash Flows (Details 2) (USD $) In Millions	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010
Consolidated Statements of Cash Flows
Net cash provided by (used in) operating activities	$ 177.0	$ 397.0
Cash flows from investing activities:
Capital expenditures	(84.8)	(57.9)
Cash paid for acquired businesses	(250.1)	(21.6)
Cash restricted for business acquisition		(34.9)
Proceeds from sales of property, plant and equipment and other	15.8	(4.6)
Net cash provided by (used in) investing activities	(319.1)	(119.0)
Cash flows from financing activities:
Short-term debt, net	(4.6)	(2.3)
Debt issuance costs	(1.0)
Dividends	(141.4)	(132.7)
Purchases of treasury shares	(383.0)	(276.0)
Excess tax benefits from stock options and awards	13.3	4.8
Proceeds from exercise of stock options and other	54.8	34.5
Net cash provided by (used in) financing activities	(461.9)	(371.7)
Effect of exchange rate changes on cash and cash equivalents	(0.7)	8.1
Increase (decrease) in cash and cash equivalents	(604.7)	(85.6)
Cash and cash equivalents, beginning of period	1,035.3	381.6
Cash and cash equivalents, end of period	430.6	296.0
Cooper Industries plc [Member]
Consolidated Statements of Cash Flows
Net cash provided by (used in) operating activities	1.8	1.2
Cash flows from investing activities:
Investments in affiliates		(1.9)
Loans to affiliates		(40.0)
Net cash provided by (used in) investing activities		(41.9)
Cash flows from financing activities:
Debt issuance costs	(0.5)
Borrowings from affiliates	455.2	419.1
Repayments of loans to affiliates	(42.8)	(154.9)
Other intercompany financing activities	70.7	63.5
Dividends	(141.4)	(132.7)
Purchases of treasury shares	(383.0)	(276.0)
Proceeds from exercise of stock options and other	54.8	34.5
Net cash provided by (used in) financing activities	13.0	(46.5)
Increase (decrease) in cash and cash equivalents	14.8	(87.2)
Cash and cash equivalents, beginning of period	63.2	146.0
Cash and cash equivalents, end of period	78.0	58.8
Cooper US, Inc. [Member]
Consolidated Statements of Cash Flows
Net cash provided by (used in) operating activities	(94.9)	(68.1)
Cash flows from investing activities:
Capital expenditures	(8.9)	(3.6)
Investments in affiliates		(44.0)
Loans to affiliates		(604.1)
Repayments of loans from affiliates	1,118.4	447.3
Dividends from affiliates	22.0	1.9
Net cash provided by (used in) investing activities	1,131.5	(202.5)
Cash flows from financing activities:
Debt issuance costs	(0.5)
Borrowings from affiliates	820.0	600.4
Repayments of loans to affiliates	(592.1)	(162.0)
Other intercompany financing activities	(1,195.1)	129.2
Dividends paid to affiliates		(270.4)
Excess tax benefits from stock options and awards	13.3	4.8
Net cash provided by (used in) financing activities	(954.8)	302.0
Increase (decrease) in cash and cash equivalents	81.8	31.4
Cash and cash equivalents, beginning of period	36.8	27.9
Cash and cash equivalents, end of period	118.6	59.3
Guarantors [Member]
Consolidated Statements of Cash Flows
Net cash provided by (used in) operating activities	83.9	230.8
Cash flows from investing activities:
Capital expenditures	(51.3)	(26.7)
Cash paid for acquired businesses	(3.5)
Repayments of loans from affiliates		5.0
Dividends from affiliates	18.8	13.3
Net cash provided by (used in) investing activities	(36.0)	(8.4)
Cash flows from financing activities:
Borrowings from affiliates		909.2
Repayments of loans to affiliates	(1,045.0)	(1,239.6)
Other intercompany financing activities	1,002.6	109.1
Net cash provided by (used in) financing activities	(42.4)	(221.3)
Increase (decrease) in cash and cash equivalents	5.5	1.1
Cash and cash equivalents, beginning of period	2.6	0.3
Cash and cash equivalents, end of period	8.1	1.4
Other Subsidiaries [Member]
Consolidated Statements of Cash Flows
Net cash provided by (used in) operating activities	186.2	233.1
Cash flows from investing activities:
Capital expenditures	(24.6)	(27.6)
Cash paid for acquired businesses	(246.6)	(21.6)
Cash restricted for business acquisition		(34.9)
Investments in affiliates		(67.9)
Loans to affiliates	(1,275.2)	(1,752.7)
Repayments of loans from affiliates	634.9	1,112.5
Dividends from affiliates		270.4
Proceeds from sales of property, plant and equipment and other	15.8	(4.6)
Net cash provided by (used in) investing activities	(895.7)	(526.4)
Cash flows from financing activities:
Short-term debt, net	(4.6)	(2.3)
Borrowings from affiliates		468.1
Repayments of loans to affiliates	(73.4)	(8.3)
Other intercompany financing activities	122.2	(301.8)
Dividends paid to affiliates	(40.8)	(15.2)
Issuance of stock to affiliates		113.8
Net cash provided by (used in) financing activities	3.4	254.3
Effect of exchange rate changes on cash and cash equivalents	(0.7)	8.1
Increase (decrease) in cash and cash equivalents	(706.8)	(30.9)
Cash and cash equivalents, beginning of period	932.7	207.4
Cash and cash equivalents, end of period	225.9	176.5
Consolidating Adjustments [Member]
Cash flows from investing activities:
Investments in affiliates		113.8
Loans to affiliates	1,275.2	2,396.8
Repayments of loans from affiliates	(1,753.3)	(1,564.8)
Dividends from affiliates	(40.8)	(285.6)
Net cash provided by (used in) investing activities	(518.9)	660.2
Cash flows from financing activities:
Borrowings from affiliates	(1,275.2)	(2,396.8)
Repayments of loans to affiliates	1,753.3	1,564.8
Dividends paid to affiliates	40.8	285.6
Issuance of stock to affiliates		(113.8)
Net cash provided by (used in) financing activities	518.9	(660.2)
Cash and cash equivalents, beginning of period	0	0
Cash and cash equivalents, end of period	$ 0	$ 0

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Debt

9 Months Ended

Sep. 30, 2011

Debt [Abstract]

Debt

Note 6. Debt

     On May 26, 2011, Cooper entered into a credit agreement that provides a $500 million five-year committed bank credit facility that replaced Cooper’s previous credit facility that was to mature in August 2012. The agreement for the credit facility requires that Cooper maintains a prescribed limit on debt as a percentage of total capitalization. Retained earnings are unrestricted as to the payment of dividends, except to the extent that payment would cause a violation of the prescribed limit on the debt-to-total capitalization ratio. The credit agreement is not subject to termination based upon a decrease in Cooper’s debt ratings or a material adverse change. At September 30, 2011, Cooper has $500 million available under this credit facility.

     At September 30, 2011, Cooper has $6.2 million of short-term debt and has no commercial paper borrowings outstanding.

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Consolidating Financial Information

9 Months Ended

Sep. 30, 2011

Consolidating Financial Information [Abstract]

Consolidating Financial Information

Note 16. Consolidating Financial Information

     Cooper Industries plc along with Cooper Industries, Ltd. and certain of Cooper’s principal operating subsidiaries (the “Guarantors”) fully and unconditionally guarantee, on a joint and several basis, the registered debt securities of Cooper US, Inc. The following condensed consolidating financial information is included so that the separate financial statements of Cooper US, Inc. or the Guarantors are not required to be filed with the Securities and Exchange Commission. The consolidating financial statements present investments in subsidiaries using the equity method of accounting.

Consolidating Income Statements
Three Months Ended September 30, 2011
(in millions)

	Cooper
	Industries			Cooper						Other			Consolidating
	plc			US, Inc.			Guarantors			Subsidiaries			Adjustments			Total
Revenues	$	—		$	—		$	886.5		$	688.3		$	(185.1	)	$	1,389.7
Cost of sales		—			(0.9	)		621.9			495.3			(185.1	)		931.2
Selling and administrative expenses		0.2			18.5			134.1			120.7			(4.3	)		269.2
Equity in (income) of Apex Tool Group, LLC		—			—			—			(16.0	)		—			(16.0	)
Interest expense, net		—			16.3			—			0.1			—			16.4
Equity in earnings of subsidiaries, net of tax		156.4			88.7			139.3			207.2			(591.6	)		—
Intercompany income (expense)		(0.3	)		(13.8	)		(37.2	)		51.3			—			—
Income (loss) before income taxes		155.9			41.0			232.6			346.7			(587.3	)		188.9
Income tax expense (benefit)		—			(20.6	)		33.7			15.6			—			28.7
Net income	$	155.9		$	61.6		$	198.9		$	331.1		$	(587.3	)	$	160.2

Consolidating Income Statements
Three Months Ended September 30, 2010
(in millions)

	Cooper
	Industries			Cooper						Other			Consolidating
	plc			US, Inc.			Guarantors			Subsidiaries			Adjustments			Total
Revenues	$	—		$	—		$	820.1		$	596.5		$	(175.9	)	$	1,240.7
Cost of sales		—			(0.9	)		579.4			419.0			(175.9	)		821.6
Selling and administrative expenses		0.5			17.7			124.5			96.3			(2.3	)		236.7
Equity in (income) of Apex Tool Group, LLC		—			—			—			(10.5	)		—			(10.5	)
Loss related to contribution of net assets to Apex Tool Group, LLC		—			—			—			(0.5	)		0.5			—
Restructuring charges		—			—			2.0			(0.5	)		—			1.5
Interest expense, net		—			12.3			—			—			—			12.3
Equity in earnings of subsidiaries, net of tax		73.1			74.5			139.6			42.2			(329.4	)		—
Intercompany income (expense)		(0.3	)		(19.2	)		(44.7	)		60.4			3.8			—
Income (loss) before income taxes		72.3			26.2			209.1			195.3			(323.8	)		179.1
Income tax expense (benefit)		—			(16.1	)		33.4			20.1			—			37.4
Net income	$	72.3		$	42.3		$	175.7		$	175.2		$	(323.8	)	$	141.7

Consolidating Income Statements
Nine Months Ended September 30, 2011
(in millions)

	Cooper
	Industries			Cooper						Other			Consolidating
	plc			US, Inc.			Guarantors			Subsidiaries			Adjustments			Total
Revenues	$	—		$	—		$	2,600.4		$	1,987.5		$	(551.6	)	$	4,036.3
Cost of sales		—			(2.7	)		1,822.5			1,413.8			(551.6	)		2,682.0
Selling and administrative expenses		—			92.4			389.7			342.8			(45.1	)		779.8
Equity in (income) of Apex Tool Group, LLC		—			—			—			(44.9	)		—			(44.9	)
Interest expense, net		—			50.0			—			(0.2	)		—			49.8
Equity in earnings of subsidiaries, net of tax		623.3			457.2			602.5			480.6			(2,163.6	)		—
Intercompany income (expense)		(1.0	)		(54.6	)		(121.5	)		176.8			0.3			—
Income (loss) from continuing operations before income taxes		622.3			262.9			869.2			933.4			(2,118.2	)		569.6
Income tax expense (benefit)		—			(72.1	)		105.5			58.8			—			92.2
Income from continuing operations		622.3			335.0			763.7			874.6			(2,118.2	)		477.4
Income from discontinued operations, net of tax		—			—			—			190.3			—			190.3
Net income	$	622.3		$	335.0		$	763.7		$	1,064.9		$	(2,118.2	)	$	667.7

Consolidating Income Statements
Nine Months Ended September 30, 2010
(in millions)

	Cooper
	Industries		Cooper						Other			Consolidating
	plc		US, Inc.			Guarantors			Subsidiaries			Adjustments			Total
Revenues	$	—	$	—		$	2,292.6		$	2,007.3		$	(493.9	)	$	3,806.0
Cost of sales		—		(0.7	)		1,626.2			1,406.1			(493.9	)		2,537.7
Selling and administrative expenses		2.6		80.1			352.8			334.8			(33.2	)		737.1
Equity in (income) of Apex Tool Group, LLC		—		—			—			(10.5	)		—			(10.5	)
Loss related to contribution of net assets to Apex Tool Group, LLC		—		2.4			—			131.6			0.5			134.5
Restructuring charges		—		—			3.8			4.2			—			8.0
Interest expense, net		—		36.7			—			(0.5	)		—			36.2
Equity in earnings of subsidiaries, net of tax		143.9		133.8			301.4			8.7			(587.8	)		—
Intercompany income (expense)		0.1		(60.2	)		(120.5	)		176.8			3.8			—
Income (loss) before income taxes		141.4		(44.9	)		490.7			327.1			(551.3	)		363.0
Income tax expense (benefit)		—		(53.7	)		84.5			30.3			—			61.1
Net income	$	141.4	$	8.8		$	406.2		$	296.8		$	(551.3	)	$	301.9

Consolidating Balance Sheets
September 30, 2011
(in millions)

	Cooper
	Industries			Cooper						Other			Consolidating
	plc			US, Inc.			Guarantors			Subsidiaries			Adjustments			Total
Cash and cash equivalents	$	78.0		$	118.6		$	8.1		$	225.9		$	—		$	430.6
Receivables, less allowances		0.2			0.5			266.8			674.8			—			942.3
Inventories		—			—			257.9			248.4			—			506.3
Current discontinued operations receivable		—			—			—			3.8			—			3.8
Other current assets		0.9			73.6			38.0			113.3			—			225.8
Total current assets		79.1			192.7			570.8			1,266.2			—			2,108.8
Property, plant and equipment, less accumulated depreciation		—			38.8			320.8			256.1			—			615.7
Investment in Apex Tool Group, LLC		—			—			—			531.2			—			531.2
Investment in subsidiaries		990.3			3,371.5			5,244.8			4,865.0			(14,471.6	)		—
Investment in parent		—			3,428.0			—			312.7			(3,740.7	)		—
Intercompany accounts receivable		81.4			—			1,102.3			983.4			(2,167.1	)		—
Intercompany notes receivable		9,564.5			564.9			6,956.3			4,003.6			(21,089.3	)		—
Goodwill		—			—			1,288.3			1,225.3			—			2,513.6
Other intangible assets, less accumulated amortization		—			—			85.3			287.3			—			372.6
Long-term discontinued operations receivable		—			—			—			5.1			—			5.1
Other noncurrent assets		0.5			(3.9	)		1.5			176.9			—			175.0
Total assets	$	10,715.8		$	7,592.0		$	15,570.1		$	13,912.8		$	(41,468.7	)	$	6,322.0
Short-term debt	$	—		$	—		$	—		$	6.2		$	—		$	6.2
Accounts payable		46.6			23.9			173.1			221.8			—			465.4
Accrued liabilities		1.3			59.8			212.6			255.6			(1.6	)		527.7
Current discontinued operations liability		—			—			—			9.4			—			9.4
Current maturities of long- term debt		—			—			—			0.7			—			0.7
Total current liabilities		47.9			83.7			385.7			493.7			(1.6	)		1,009.4
Long-term debt		—			1,419.4			—			1.5			—			1,420.9
Intercompany accounts payable		—			2,167.1			—			—			(2,167.1	)		—
Intercompany notes payable		419.1			1,815.1			1,849.0			17,006.1			(21,089.3	)		—
Long-term discontinued operations liability		—			—			—			40.5			—			40.5
Other long-term liabilities		—			34.8			203.2			160.2			—			398.2
Total liabilities		467.0			5,520.1			2,437.9			17,702.0			(23,258.0	)		2,869.0
Common stock		1.7			—			—			—			—			1.7
Subsidiary preferred stock		—			—			2,872.0			335.1			(3,207.1	)		—
Subsidiary common stock		—			—			9.2			257.8			(267.0	)		—
Capital in excess of par value		10,251.5			820.9			6,300.5			(8,320.4	)		(9,052.5	)		—
Retained earnings		624.2			1,377.9			4,089.5			4,106.6			(5,909.3	)		4,288.9
Treasury stock		(671.6	)		—			—			—			—			(671.6	)
Accumulated other non- owner changes in equity		43.0			(126.9	)		(139.0	)		(168.3	)		225.2			(166.0	)
Total shareholders’ equity		10,248.8			2,071.9			13,132.2			(3,789.2	)		(18,210.7	)		3,453.0
Total liabilities and shareholders’ equity	$	10,715.8		$	7,592.0		$	15,570.1		$	13,912.8		$	(41,468.7	)	$	6,322.0

Consolidating Balance Sheets
December 31, 2010
(in millions)

	Cooper
	Industries			Cooper						Other			Consolidating
	plc			US, Inc.			Guarantors			Subsidiaries			Adjustments			Total
Cash and cash equivalents	$	63.2		$	36.8		$	2.6		$	932.7		$	—		$	1,035.3
Receivables, less allowances		—			2.5			218.7			574.7			—			795.9
Inventories		—			—			234.7			204.2			—			438.9
Current discontinued operations receivable		—			—			—			13.0			—			13.0
Other current assets		0.6			72.4			30.7			103.8			—			207.5
Total current assets		63.8			111.7			486.7			1,828.4			—			2,490.6
Property, plant and equipment, less accumulated depreciation		—			42.1			316.8			249.4			—			608.3
Investment in Apex Tool Group, LLC		—			—			—			511.3			—			511.3
Investment in subsidiaries		3,035.5			2,923.6			4,608.9			741.6			(11,309.6	)		—
Investment in parent		—			3,428.1			—			312.7			(3,740.8	)		—
Intercompany accounts receivable		71.9			—			1,974.1			1,244.2			(3,290.2	)		—
Intercompany notes receivable		40.0			1,674.8			3,348.3			5,394.7			(10,457.8	)		—
Goodwill		—			—			1,288.3			1,068.2			—			2,356.5
Other intangible assets, less accumulated amortization		—			—			85.7			247.9			—			333.6
Long-term discontinued operations receivable		—			—			—			150.6			—			150.6
Other noncurrent assets		—			13.1			(178.2	)		382.8			—			217.7
Total assets	$	3,211.2		$	8,193.4		$	11,930.6		$	12,131.8		$	(28,798.4	)	$	6,668.6
Short-term debt	$	—		$	—		$	—		$	7.7		$	—		$	7.7
Accounts payable		44.7			20.3			201.8			195.8			—			462.6
Accrued liabilities		1.2			66.3			210.4			233.6			(1.4	)		510.1
Current discontinued operations liability		—			—			—			45.4			—			45.4
Current maturities of long-term debt		—			—			—			0.6			—			0.6
Total current liabilities		45.9			86.6			412.2			483.1			(1.4	)		1,026.4
Long-term debt		—			1,418.5			—			1.9			—			1,420.4
Intercompany accounts payable		—			3,290.2			—			—			(3,290.2	)		—
Intercompany notes payable		419.7			1,587.2			4,436.2			4,014.7			(10,457.8	)		—
Long-term discontinued operations liability		—			—			—			701.7			—			701.7
Other long-term liabilities.		—			103.6			54.5			155.9			—			314.0
Total liabilities		465.6			6,486.1			4,902.9			5,357.3			(13,749.4	)		3,462.5
Common stock		1.7			—			—			—			—			1.7
Subsidiary preferred stock		—			—			2,872.1			335.1			(3,207.2	)		—
Subsidiary common stock		—			—			9.2			257.8			(267.0	)		—
Capital in excess of par value		2,811.0			770.4			1,936.7			2,106.3			(7,624.4	)		—
Retained earnings		145.0			1,049.4			2,288.5			4,133.5			(3,957.7	)		3,658.7
Treasury stock		(288.6	)		—			—			—			—			(288.6	)
Accumulated other non- owner changes in equity		76.5			(112.5	)		(78.8	)		(58.2	)		7.3			(165.7	)
Total shareholders’ equity		2,745.6			1,707.3			7,027.7			6,774.5			(15,049.0	)		3,206.1
Total liabilities and shareholders’ equity	$	3,211.2		$	8,193.4		$	11,930.6		$	12,131.8		$	(28,798.4	)	$	6,668.6

Consolidating Statements of Cash Flows
Nine Months Ended September 30, 2011
(in millions)

	Cooper
	Industries			Cooper						Other			Consolidating
	plc			US, Inc.			Guarantors			Subsidiaries			Adjustments			Total
Net cash provided by (used in) operating activities	$	1.8		$	(94.9	)	$	83.9		$	186.2		$	—		$	177.0
Cash flows from investing activities:
Capital expenditures		—			(8.9	)		(51.3	)		(24.6	)		—			(84.8	)
Cash paid for acquired businesses		—			—			(3.5	)		(246.6	)		—			(250.1	)
Loans to affiliates		—			—			—			(1,275.2	)		1,275.2			—
Repayments of loans from affiliates		—			1,118.4			—			634.9			(1,753.3	)		—
Dividends from affiliates		—			22.0			18.8			—			(40.8	)		—
Proceeds from sales of property, plant and equipment and other		—			—			—			15.8			—			15.8
Net cash provided by (used in) investing activities		—			1,131.5			(36.0	)		(895.7	)		(518.9	)		(319.1	)
Cash flows from financing activities:
Short-term debt, net		—			—			—			(4.6	)		—			(4.6	)
Debt issuance costs		(0.5	)		(0.5	)		—			—			—			(1.0	)
Borrowings from affiliates		455.2			820.0			—			—			(1,275.2	)		—
Repayments of loans to affiliates		(42.8	)		(592.1	)		(1,045.0	)		(73.4	)		1,753.3			—
Other intercompany financing activities		70.7			(1,195.5	)		1,002.6			122.2			—			—
Dividends		(141.4	)		—			—			—			—			(141.4	)
Dividends paid to affiliates		—			—			—			(40.8	)		40.8			—
Purchases of treasury shares		(383.0	)		—			—			—			—			(383.0	)
Excess tax benefits from stock options and awards		—			13.3			—			—			—			13.3
Proceeds from exercise of stock options and other		54.8			—			—			—			—			54.8
Net cash provided by (used in) financing activities		13.0			(954.8	)		(42.4	)		3.4			518.9			(461.9	)
Effect of exchange rate changes on cash and cash equivalents		—			—			—			(0.7	)		—			(0.7	)
Increase (decrease) in cash and cash equivalents		14.8			81.8			5.5			(706.8	)		—			(604.7	)
Cash and cash equivalents, beginning of period		63.2			36.8			2.6			932.7			—			1,035.3
Cash and cash equivalents, end of period	$	78.0		$	118.6		$	8.1		$	225.9		$	—		$	430.6

Consolidating Statements of Cash Flows
Nine Months Ended September 30, 2010
(in millions)

	Cooper
	Industries			Cooper						Other			Consolidating
	plc			US, Inc.			Guarantors			Subsidiaries			Adjustments			Total
Net cash provided by (used in) operating activities	$	1.2		$	(68.1	)	$	230.8		$	233.1		$	—		$	397.0
Cash flows from investing activities:
Capital expenditures		—			(3.6	)		(26.7	)		(27.6	)		—			(57.9	)
Cash paid for acquired businesses		—			—			—			(21.6	)		—			(21.6	)
Cash restricted for business acquisition		—			—			—			(34.9	)		—			(34.9	)
Investments in affiliates		(1.9	)		(44.0	)		—			(67.9	)		113.8			—
Loans to affiliates		(40.0	)		(604.1	)		—			(1,752.7	)		2,396.8			—
Repayments of loans from affiliates		—			447.3			5.0			1,112.5			(1,564.8	)		—
Dividends from affiliates		—			1.9			13.3			270.4			(285.6	)		—
Proceeds from sales of property, plant and equipment and other		—			—			—			(4.6	)		—			(4.6	)
Net cash provided by (used in) investing activities		(41.9	)		(202.5	)		(8.4	)		(526.4	)		660.2			(119.0	)
Cash flows from financing activities:
Short-term debt, net		—			—			—			(2.3	)		—			(2.3	)
Borrowings from affiliates		419.1			600.4			909.2			468.1			(2,396.8	)		—
Repayments of loans to affiliates		(154.9	)		(162.0	)		(1,239.6	)		(8.3	)		1,564.8			—
Other intercompany financing activities		63.5			129.2			109.1			(301.8	)		—			—
Dividends		(132.7	)		—			—			—			—			(132.7	)
Dividends paid to affiliates		—			(270.4	)		—			(15.2	)		285.6			—
Purchases of treasury shares		(276.0	)		—			—			—			—			(276.0	)
Excess tax benefits from stock options and awards		—			4.8			—			—			—			4.8
Issuance of stock to affiliates		—			—			—			113.8			(113.8	)		—
Proceeds from exercise of stock options and other		34.5			—			—			—			—			34.5
Net cash provided by (used in) financing activities		(46.5	)		302.0			(221.3	)		254.3			(660.2	)		(371.7	)
Effect of exchange rate changes on cash and cash equivalents		—			—			—			8.1			—			8.1
Increase (decrease) in cash and cash equivalents		(87.2	)		31.4			1.1			(30.9	)		—			(85.6	)
Cash and cash equivalents, beginning of period		146.0			27.9			0.3			207.4			—			381.6
Cash and cash equivalents, end of period	$	58.8		$	59.3		$	1.4		$	176.5		$	—		$	296.0

XML

Debt (Details Textual) (USD $) In Millions	Sep. 30, 2011	May 26, 2011	Dec. 31, 2010
Debt (Textual) [Abstract]
Five year committed bank credit facility credit agreement	$ 500	$ 500
Short-term debt	6.2		7.7
Commercial paper borrowings outstanding	$ 0

XML

Net Income and Other Nonowner Changes In Equity (Tables)

9 Months Ended

Sep. 30, 2011

Shareholders' Equity [Abstract]

The components of net income and other nonowner changes in equity, net of related taxes

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2011			2010			2011			2010
	(in millions)
Net income	$	160.2		$	141.7		$	667.7		$	301.9
Foreign currency translation1		(54.2	)		67.1			(10.5	)		99.3
Change in fair value of derivatives		4.6			(3.3	)		4.3			(5.8	)
Pension and postretirement benefit plans2		2.2			3.1			5.9			7.6
Net income and other nonowner changes in equity	$	112.8		$	208.6		$	667.4		$	403.0

1

Foreign currency translation gains included in net income and other nonowner changes in equity for the nine month period ended September 30, 2010 includes a gain from the reclassification from equity of $159.3 million ($103.5 million net of the associated tax affect) of previously deferred currency translation losses that were recognized in net income as part of the loss related to the contribution of net assets to the Tools joint venture.

2

The change in pension and postretirement benefit plans included in net income and other nonowner changes in equity for the nine month period ended September 30, 2010 includes a gain from the reclassification from equity of $1.7 million ($0.9 million net of the associated tax affect) of previously deferred pension plan losses that were recognized in net income as part of the loss related to the contribution of net assets to the Tools joint venture.

XML

Consolidated Statements of Cash Flows (Unaudited) (USD $) In Millions	9 Months Ended
	Sep. 30, 2011		Sep. 30, 2010
Cash flows from operating activities:
Net income	$ 667.7		$ 301.9
(Income) related to discontinued operations	(190.3)
Income from continuing operations	477.4		301.9
Adjustments to reconcile to net cash provided by operating activities:
Depreciation and amortization	96.7		107.7
Deferred income taxes	53.1		(35.6)
Excess tax benefits from stock options and awards	(13.3)		(4.8)
Distribution of earnings from Apex Tool Group, LLC	20.9
Equity in (income) of Apex Tool Group, LLC	(44.9)		(10.5)
Loss related to contribution of net assets to Apex Tool Group, LLC			134.5
Restructuring charges			8.0
Changes in assets and liabilities:
Receivables	(115.5)	[1]	(150.7)	[1]
Inventories	(37.3)	[1]	(61.4)	[1]
Accounts payable and accrued liabilities	(5.5)	[1]	91.2	[1]
Discontinued operations assets and liabilities, net	(246.6)	[1]	(10.2)	[1]
Other assets and liabilities, net	(8.0)	[1]	26.9	[1]
Net cash provided by operating activities	177.0		397.0
Cash flows from investing activities:
Capital expenditures	(84.8)		(57.9)
Cash paid for acquired businesses	(250.1)		(21.6)
Cash restricted for business acquisition			(34.9)
Proceeds from sales of property, plant and equipment and other	15.8		(4.6)
Net cash used in investing activities	(319.1)		(119.0)
Cash flows from financing activities:
Short-term debt, net	(4.6)		(2.3)
Debt issuance costs	(1.0)
Dividends	(141.4)		(132.7)
Purchases of treasury shares	(383.0)		(276.0)
Excess tax benefits from stock options and awards	13.3		4.8
Proceeds from exercise of stock options and other	54.8		34.5
Net cash used in financing activities	(461.9)		(371.7)
Effect of exchange rate changes on cash and cash equivalents	(0.7)		8.1
Decrease in cash and cash equivalents	(604.7)		(85.6)
Cash and cash equivalents, beginning of period	1,035.3		381.6
Cash and cash equivalents, end of period	$ 430.6		$ 296.0

[1] Net of the effects of acquisitions and translation.

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Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2011

Accounting Policies [Abstract]

Basis of Presentation

     Basis of Presentation - The consolidated financial statements of Cooper Industries plc, an Irish company (“Cooper”), have been prepared in accordance with generally accepted accounting principles in the United States. The financial information presented as of any date other than December 31 has been prepared from the books and records without audit. Financial information as of December 31 has been derived from Cooper’s audited financial statements, but does not include all disclosures required by generally accepted accounting principles. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the financial information for the periods indicated, have been included. For further information regarding Cooper’s accounting policies, refer to the Consolidated Financial Statements and related notes for the year ended December 31, 2010 included in Part IV of Cooper’s 2010 Annual Report on Form 10-K.

New Accounting Pronouncements

     New Accounting Pronouncements – In June 2011 the Financial Accounting Standards Board issued revised guidance on the presentation of comprehensive income that will be effective for Cooper beginning in 2012. This guidance eliminates the option to present the components of comprehensive income as part of the statement of shareholders’ equity and also requires presentation of reclassification adjustments from other comprehensive income to net income on the face of the financial statements. The implementation of this revised guidance in 2012 will change the presentation of our financial statements but will not have any impact on our consolidated financial condition, results of operations or cash flows.

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Income Taxes (Details Textual)	1 Months Ended		9 Months Ended
	Dec. 31, 2009 USD ($)	Dec. 31, 2009 EUR (€)	Sep. 30, 2011 USD ($)	Sep. 30, 2010 USD ($)	Dec. 31, 2010 USD ($)	Dec. 31, 2010 Internal Revenue Service (IRS) [Member] 2007 Federal Tax Return [Member] USD ($)	Dec. 31, 2010 Internal Revenue Service (IRS) [Member] 2008 Federal Tax Return [Member] USD ($)	Sep. 30, 2011 Foreign Country [Member] EUR (€)
Additional Income Taxes (Textual) [Abstract]
Contingent taxes payable						$ 16,000,000	$ 14,000,000
Noncurrent receivable - foreign tax payment								62,800,000
Income Taxes (Textual) [Abstract]
Range of reasonably possible estimated tax benefits to be recognized during the next 12 months, Minimum			1,000,000
Range of reasonably possible estimated tax benefits to be recognized during the next 12 months, Maximum			6,000,000
Effective tax rate			16.20%	16.80%
Payment of income tax, including interest, on assessment	90,000,000	62,800,000
Interest on income tax assessment		5,700,000
Foreign deferred tax asset (approx)			1,100,000,000		1,100,000,000
Foreign deferred tax asset - Valuation allowance			1,100,000,000		1,100,000,000
Unrecognized gross tax benefits			14,200,000
Unrecognized tax benefits if recognized that would impact the effective tax rate			9,200,000
Reduction in income tax expense for discrete items			$ 9,700,000	$ 40,800,000
Effective tax rate after excluding impact of discrete items			17.90%	20.50%

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Inventories (Tables)

9 Months Ended

Sep. 30, 2011

Inventories [Abstract]

Components of net inventories

	September 30,			December 31,
	2011			2010
	(in millions)
Raw materials	$	206.5		$	168.6
Work-in-process		118.9			97.9
Finished goods		314.4			288.5
Perishable tooling and supplies		7.2			7.6
		647.0			562.6
Allowance for excess and obsolete inventory		(63.9	)		(57.8	)
Excess of FIFO costs over LIFO costs		(76.8	)		(65.9	)
Net inventories	$	506.3		$	438.9

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Acquisitions

9 Months Ended

Sep. 30, 2011

Acquisitions [Abstract]

Acquisitions

Note 2. Acquisitions

     Cooper has completed a number of acquisitions that were selected because of their strategic fit with existing Cooper businesses or were new strategic lines that were complementary to Cooper’s operations. In the nine month period ended September 30, 2011, Cooper completed four acquisitions, two in the Energy and Safety Solutions segment (including Gitiesse srl, a manufacturer of marine and oil and gas communications systems specializing in the manufacture of digital integrated multimedia communications systems for vessels worldwide) and two in the Electrical Products Group (including Martek Power, a manufacturer of power electronic components specializing in the manufacture of highly specialized power management devices for the military, heavy-duty transportation, aerospace, medical, telecom and hybrid/electrical vehicle markets), and also acquired certain other intangible assets in the Electrical Products Group. In 2010 Cooper completed five acquisitions, four in the Energy and Safety Solutions segment and one in the Electrical Products Group, and also acquired certain other intangible assets in the Electrical Products Group.

     The acquisition date fair value of the total consideration for the 2011 transactions was approximately $263.3 million and resulted in the preliminary recognition of aggregate goodwill of $154.4 million, substantially all of which is not expected to be deductible for tax purposes. The goodwill arising from the 2011 transactions includes $116.4 million related to the Electrical Products Group segment and $38.0 million related to the Energy and Safety Solutions segment. The goodwill arises because the purchase price reflects a number of factors including the future earnings and cash flow potential of these businesses and the complimentary strategic fit and resulting synergies these businesses bring to existing operations. The transactions consummated in 2011 also resulted in the preliminary recognition of $57.0 million in other intangible assets consisting primarily of customer relationships, technology and trademarks. All of the other intangibles are finite-lived intangible assets that are preliminarily expected to be amortized over periods of 3 to 15 years with a weighted average amortization period of approximately 10 years.

     The following table summarizes the preliminary aggregate estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for the acquisitions consummated during the nine months ended September 30, 2011:

	(in millions)
Receivables	$	30.4
Inventories		33.2
Property, plant and equipment		6.9
Goodwill		154.4
Other intangible assets		57.0
Accounts payable		(18.8	)
Debt		(2.7	)
Other assets and liabilities, net		(10.3	)
Net cash consideration	$	250.1

     The unaudited pro forma information for the periods set forth below gives effect to all prior acquisitions as if they had occurred at the beginning of the period. This data is presented for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved had the acquisitions been consummated as of that time.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2011		2010		2011		2010
	(in millions)
Revenues	$	1,399.7	$	1,287.2	$	4,124.4	$	3,946.2
Income from continuing operations		160.7		144.5		481.7		310.0
Diluted earnings per share from continuing operations	$	.98	$	.87	$	2.89	$	1.84

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Pension and Other Postretirement Benefits

9 Months Ended

Sep. 30, 2011

Pension and Other Postretirement Benefits [Abstract]

Pension and Other Postretirement Benefits

Note 11. Pension and Other Postretirement Benefits

	Pension Benefits
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2011			2010			2011			2010
	(in millions)
Components of net periodic benefit cost:
Service cost	$	0.6		$	0.7		$	1.8		$	2.5
Interest cost		8.4			9.1			25.2			28.6
Expected return on plan assets		(10.9	)		(10.6	)		(32.7	)		(32.1	)
Amortization of prior service cost		(0.6	)		(0.7	)		(2.0	)		(2.0	)
Recognized actuarial loss		5.4			5.2			15.3			15.9
Net periodic benefit cost	$	2.9		$	3.7		$	7.6		$	12.9

	Other Postretirement Benefits
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2011			2010			2011			2010
	(in millions)
Components of net periodic benefit cost:
Interest cost	$	0.9		$	1.1		$	2.7		$	3.5
Amortization of prior service cost		(0.5	)		(0.5	)		(1.5	)		(1.5	)
Recognized actuarial gain		(0.8	)		(0.5	)		(2.4	)		(1.5	)
Net periodic benefit cost (gain)	$	(0.4	)	$	0.1		$	(1.2	)	$	0.5

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Consolidating Financial Information - Consolidating Balance Sheets (Details 1) (USD $) In Millions	Sep. 30, 2011	Dec. 31, 2010	Sep. 30, 2010	Dec. 31, 2009
Consolidated Balance Sheets
Cash and cash equivalents	$ 430.6	$ 1,035.3	$ 296.0	$ 381.6
Receivables, less allowances	942.3	795.9
Inventories	506.3	438.9
Current discontinued operations receivable	3.8	13.0
Other current assets	225.8	207.5
Total current assets	2,108.8	2,490.6
Property, plant and equipment, less accumulated depreciation	615.7	608.3
Investment in Apex Tool Group, LLC	531.2	511.3
Investment in subsidiaries	0	0
Investment in parent	0	0
Intercompany accounts receivable	0	0
Intercompany notes receivable	0	0
Goodwill	2,513.6	2,356.5
Other intangible assets, less accumulated amortization	372.6	333.6
Long-term discontinued operations receivable	5.1	150.6
Other noncurrent assets	175.0	217.7
Total assets	6,322.0	6,668.6
Short-term debt	6.2	7.7
Accounts payable	465.4	462.6
Accrued liabilities	527.7	510.1
Current discontinued operations liability	9.4	45.4
Current maturities of long-term debt	0.7	0.6
Total current liabilities	1,009.4	1,026.4
Long-term debt	1,420.9	1,420.4
Intercompany accounts payable	0	0
Intercompany notes payable	0	0
Long-term discontinued operations liability	40.5	701.7
Other long-term liabilities	398.2	314.0
Total liabilities	2,869.0	3,462.5
Common stock	1.7	1.7
Subsidiary preferred stock	0	0
Subsidiary common stock	0	0
Capital in excess of par value	0	0
Retained earnings	4,288.9	3,658.7
Treasury stock	(671.6)	(288.6)
Accumulated other nonowner changes in equity	(166.0)	(165.7)
Total shareholders' equity	3,453.0	3,206.1
Total liabilities and shareholders' equity	6,322.0	6,668.6
Cooper Industries plc [Member]
Consolidated Balance Sheets
Cash and cash equivalents	78.0	63.2	58.8	146.0
Receivables, less allowances	0.2	0
Inventories	0	0
Current discontinued operations receivable	0	0
Other current assets	0.9	0.6
Total current assets	79.1	63.8
Property, plant and equipment, less accumulated depreciation	0	0
Investment in Apex Tool Group, LLC	0	0
Investment in subsidiaries	990.3	3,035.5
Investment in parent	0	0
Intercompany accounts receivable	81.4	71.9
Intercompany notes receivable	9,564.5	40.0
Goodwill	0	0
Other intangible assets, less accumulated amortization	0	0
Long-term discontinued operations receivable	0	0
Other noncurrent assets	0.5	0
Total assets	10,715.8	3,211.2
Short-term debt	0	0
Accounts payable	46.6	44.7
Accrued liabilities	1.3	1.2
Current discontinued operations liability	0	0
Current maturities of long-term debt	0	0
Total current liabilities	47.9	45.9
Long-term debt	0	0
Intercompany accounts payable	0	0
Intercompany notes payable	419.1	419.7
Long-term discontinued operations liability	0	0
Other long-term liabilities	0	0
Total liabilities	467.0	465.6
Common stock	1.7	1.7
Subsidiary preferred stock	0	0
Subsidiary common stock	0	0
Capital in excess of par value	10,251.5	2,811.0
Retained earnings	624.2	145.0
Treasury stock	(671.6)	(288.6)
Accumulated other nonowner changes in equity	43.0	76.5
Total shareholders' equity	10,248.8	2,745.6
Total liabilities and shareholders' equity	10,715.8	3,211.2
Cooper US, Inc. [Member]
Consolidated Balance Sheets
Cash and cash equivalents	118.6	36.8	59.3	27.9
Receivables, less allowances	0.5	2.5
Inventories	0	0
Current discontinued operations receivable	0	0
Other current assets	73.6	72.4
Total current assets	192.7	111.7
Property, plant and equipment, less accumulated depreciation	38.8	42.1
Investment in Apex Tool Group, LLC	0	0
Investment in subsidiaries	3,371.5	2,923.6
Investment in parent	3,428.0	3,428.1
Intercompany accounts receivable	0	0
Intercompany notes receivable	564.9	1,674.8
Goodwill	0	0
Other intangible assets, less accumulated amortization	0	0
Long-term discontinued operations receivable	0	0
Other noncurrent assets	(3.9)	13.1
Total assets	7,592.0	8,193.4
Short-term debt	0	0
Accounts payable	23.9	20.3
Accrued liabilities	59.8	66.3
Current discontinued operations liability	0	0
Current maturities of long-term debt	0	0
Total current liabilities	83.7	86.6
Long-term debt	1,419.4	1,418.5
Intercompany accounts payable	2,167.1	3,290.2
Intercompany notes payable	1,815.1	1,587.2
Long-term discontinued operations liability	0	0
Other long-term liabilities	34.8	103.6
Total liabilities	5,520.1	6,486.1
Common stock	0	0
Subsidiary preferred stock	0	0
Subsidiary common stock	0	0
Capital in excess of par value	820.9	770.4
Retained earnings	1,377.9	1,049.4
Treasury stock	0	0
Accumulated other nonowner changes in equity	(126.9)	(112.5)
Total shareholders' equity	2,071.9	1,707.3
Total liabilities and shareholders' equity	7,592.0	8,193.4
Guarantors [Member]
Consolidated Balance Sheets
Cash and cash equivalents	8.1	2.6	1.4	0.3
Receivables, less allowances	266.8	218.7
Inventories	257.9	234.7
Current discontinued operations receivable	0	0
Other current assets	38.0	30.7
Total current assets	570.8	486.7
Property, plant and equipment, less accumulated depreciation	320.8	316.8
Investment in Apex Tool Group, LLC	0	0
Investment in subsidiaries	5,244.8	4,608.9
Investment in parent	0	0
Intercompany accounts receivable	1,102.3	1,974.1
Intercompany notes receivable	6,956.3	3,348.3
Goodwill	1,288.3	1,288.3
Other intangible assets, less accumulated amortization	85.3	85.7
Long-term discontinued operations receivable	0	0
Other noncurrent assets	1.5	(178.2)
Total assets	15,570.1	11,930.6
Short-term debt	0	0
Accounts payable	173.1	201.8
Accrued liabilities	212.6	210.4
Current discontinued operations liability	0	0
Current maturities of long-term debt	0	0
Total current liabilities	385.7	412.2
Long-term debt	0	0
Intercompany accounts payable	0	0
Intercompany notes payable	1,849.0	4,436.2
Long-term discontinued operations liability	0	0
Other long-term liabilities	203.2	54.5
Total liabilities	2,437.9	4,902.9
Common stock	0	0
Subsidiary preferred stock	2,872.0	2,872.1
Subsidiary common stock	9.2	9.2
Capital in excess of par value	6,300.5	1,936.7
Retained earnings	4,089.5	2,288.5
Treasury stock	0	0
Accumulated other nonowner changes in equity	(139.0)	(78.8)
Total shareholders' equity	13,132.2	7,027.7
Total liabilities and shareholders' equity	15,570.1	11,930.6
Other Subsidiaries [Member]
Consolidated Balance Sheets
Cash and cash equivalents	225.9	932.7	176.5	207.4
Receivables, less allowances	674.8	574.7
Inventories	248.4	204.2
Current discontinued operations receivable	3.8	13.0
Other current assets	113.3	103.8
Total current assets	1,266.2	1,828.4
Property, plant and equipment, less accumulated depreciation	256.1	249.4
Investment in Apex Tool Group, LLC	531.2	511.3
Investment in subsidiaries	4,865.0	741.6
Investment in parent	312.7	312.7
Intercompany accounts receivable	983.4	1,244.2
Intercompany notes receivable	4,003.6	5,394.7
Goodwill	1,225.3	1,068.2
Other intangible assets, less accumulated amortization	287.3	247.9
Long-term discontinued operations receivable	5.1	150.6
Other noncurrent assets	176.9	382.8
Total assets	13,912.8	12,131.8
Short-term debt	6.2	7.7
Accounts payable	221.8	195.8
Accrued liabilities	255.6	233.6
Current discontinued operations liability	9.4	45.4
Current maturities of long-term debt	0.7	0.6
Total current liabilities	493.7	483.1
Long-term debt	1.5	1.9
Intercompany accounts payable	0	0
Intercompany notes payable	17,006.1	4,014.7
Long-term discontinued operations liability	40.5	701.7
Other long-term liabilities	160.2	155.9
Total liabilities	17,702.0	5,357.3
Common stock	0	0
Subsidiary preferred stock	335.1	335.1
Subsidiary common stock	257.8	257.8
Capital in excess of par value	(8,320.4)	2,106.3
Retained earnings	4,106.6	4,133.5
Treasury stock	0	0
Accumulated other nonowner changes in equity	(168.3)	(58.2)
Total shareholders' equity	(3,789.2)	6,774.5
Total liabilities and shareholders' equity	13,912.8	12,131.8
Consolidating Adjustments [Member]
Consolidated Balance Sheets
Cash and cash equivalents	0	0	0	0
Receivables, less allowances	0	0
Inventories	0	0
Current discontinued operations receivable	0	0
Other current assets	0	0
Total current assets	0	0
Property, plant and equipment, less accumulated depreciation	0	0
Investment in Apex Tool Group, LLC	0	0
Investment in subsidiaries	(14,471.6)	(11,309.6)
Investment in parent	(3,740.7)	(3,740.8)
Intercompany accounts receivable	(2,167.1)	(3,290.2)
Intercompany notes receivable	(21,089.3)	(10,457.8)
Goodwill	0	0
Other intangible assets, less accumulated amortization	0	0
Long-term discontinued operations receivable	0	0
Other noncurrent assets	0	0
Total assets	(41,468.7)	(28,798.4)
Short-term debt	0	0
Accounts payable	0	0
Accrued liabilities	(1.6)	(1.4)
Current discontinued operations liability	0	0
Current maturities of long-term debt	0	0
Total current liabilities	(1.6)	(1.4)
Long-term debt	0	0
Intercompany accounts payable	(2,167.1)	(3,290.2)
Intercompany notes payable	(21,089.3)	(10,457.8)
Long-term discontinued operations liability	0	0
Other long-term liabilities	0	0
Total liabilities	(23,258.0)	(13,749.4)
Common stock	0	0
Subsidiary preferred stock	(3,207.1)	(3,207.2)
Subsidiary common stock	(267.0)	(267.0)
Capital in excess of par value	(9,052.5)	(7,624.4)
Retained earnings	(5,909.3)	(3,957.7)
Treasury stock	0	0
Accumulated other nonowner changes in equity	225.2	7.3
Total shareholders' equity	(18,210.7)	(15,049.0)
Total liabilities and shareholders' equity	$ (41,468.7)	$ (28,798.4)

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Acquisitions (Details 1) (USD $) In Millions, except Per Share data	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Unaudited pro forma information that gives effect to all prior acquisitions
Revenues	$ 1,399.7	$ 1,287.2	$ 4,124.4	$ 3,946.2
Income from continuing operations	$ 160.7	$ 144.5	$ 481.7	$ 310.0
Diluted earnings per share from continuing operations	$ 0.98	$ 0.87	$ 2.89	$ 1.84

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Discontinued Operations Receivable and Liability

9 Months Ended

Sep. 30, 2011

Discontinued Operations Receivable and Liability [Abstract]

Discontinued Operations Receivable and Liability

Note 15. Discontinued Operations Receivable and Liability

     In October 1998 Cooper sold its Automotive Products business to Federal-Mogul Corporation (“Federal-Mogul”). These discontinued businesses (including the Abex Friction product line obtained from Pneumo-Abex Corporation (“Pneumo”) in 1994) were operated through subsidiary companies, and the stock of those subsidiaries was sold to Federal-Mogul pursuant to a Purchase and Sale Agreement dated August 17, 1998 (“1998 Agreement”). In conjunction with the sale, Federal-Mogul indemnified Cooper for certain liabilities of these subsidiary companies, including liabilities related to the Abex Friction product line and any potential liability that Cooper may have to Pneumo pursuant to a 1994 Mutual Guaranty Agreement (the “Mutual Guaranty”) between Cooper and Pneumo. On October 1, 2001, Federal-Mogul and several of its affiliates filed a Chapter 11 bankruptcy petition. The Bankruptcy Court for the District of Delaware confirmed Federal-Mogul’s plan of reorganization and Federal-Mogul emerged from bankruptcy in December 2007. As part of Federal-Mogul’s Plan of Reorganization, Cooper and Federal-Mogul reached a settlement agreement that was subject to approval by the Bankruptcy Court resolving Federal-Mogul’s indemnification obligations to Cooper. On September 30, 2008, the Bankruptcy Court issued its final ruling denying Cooper’s participation in the proposed Federal-Mogul 524(g) trust resulting in Cooper implementing the previously approved Plan B Settlement, where Cooper continued to resolve through the tort system the asbestos related claims arising from the Abex Friction product line that it had sold to Federal-Mogul in 1998. As discussed further below, on February 1, 2011, Cooper entered into a settlement agreement that closed on April 5, 2011 resolving Cooper’s liability under the Mutual Guaranty with Pneumo.

     In December 2005 Cooper reached an initial agreement in negotiations with the representatives of Federal-Mogul, its bankruptcy committees and the future claimants (the “Representatives”) regarding Cooper’s participation in Federal Mogul’s proposed 524(g) asbestos trust. By participating in this trust, Cooper would have resolved its liability for asbestos claims arising from Cooper’s former Abex Friction Products business. The proposed settlement agreement was subject to court approval and certain other approvals. Future claims would have been resolved through the bankruptcy trust. While the details of the proposed settlement agreement evolved during the on-going negotiations throughout 2006 and 2007, the underlying principles of the proposed settlement arrangements being negotiated principally included fixed payments to a 524(g) trust over 25 years that were subject to reduction for insurance proceeds received in the future. Although the final determination of whether Cooper would participate in the Federal-Mogul 524(g) trust was unknown, Cooper’s management concluded that the most likely outcome in the range of potential outcomes was a settlement approximating the then current settlement proposals. Accordingly, the accrual for potential liabilities related to the Automotive Products sale and the Federal-Mogul bankruptcy during this time included estimated payments to a 524(g) trust over 25 years that were undiscounted, and included insurance recoveries where insurance in place agreements, settlements or policy recoveries were probable.

     The U.S. Bankruptcy Court for the District of Delaware confirmed Federal-Mogul’s plan of reorganization on November 8, 2007, and the U.S. District Court for the District of Delaware affirmed the Bankruptcy Court’s order on November 14, 2007. As part of its ruling, the Bankruptcy Court approved the Plan B Settlement between Cooper and Federal-Mogul, which would require payment of $138 million to Cooper in the event Cooper’s participation in the Federal-Mogul 524(g) trust was not approved for any reason, or if Cooper elected not to participate or to pursue participation in the trust. In an effort to continue working towards approval of Cooper’s participation in the trust and to address certain legal issues identified by the Court, Cooper, Pneumo-Abex, Federal-Mogul, and other plan supporters filed the Modified Plan A Settlement Documents on December 13, 2007. The Modified Plan A Settlement Documents would have required Cooper to make an initial payment of $248.5 million in cash to the Federal-Mogul trust upon implementation of Plan A with additional annual payments of up to $20 million each due over 25 years. On September 30, 2008, the Bankruptcy Court issued its ruling denying the Modified Plan A Settlement resulting in Cooper not participating in the Federal-Mogul 524(g) trust and instead proceeding with the Plan B Settlement that had previously been approved by the Bankruptcy Court. As a result of the Plan B Settlement, Cooper received the $138 million payment, plus interest of $3 million, in October 2008 from the Federal-Mogul Bankruptcy estate and continued to resolve through the tort system the asbestos related claims arising from the Abex Friction product line that it had sold to Federal-Mogul in 1998. Additionally, under Plan B, Cooper continued to have access to Abex insurance policies. As a result of the September 30, 2008 Bankruptcy Court ruling discussed above, Cooper adjusted its accounting in the third quarter of 2008 to reflect the separate assets and liabilities related to the on-going activities to resolve the potential asbestos related claims through the tort system. Cooper recorded income from discontinued operations of $16.6 million, net of a $9.4 million income tax expense, in the third quarter of 2008 to reflect the Plan B Settlement. During 2009 Cooper recognized after tax gains from discontinued operations of $25.5 million, which is net of a $16.2 million income tax expense, from negotiated insurance settlements consummated in 2009 that were not previously recognized. At December 31, 2010, 2009 and 2008, Cooper had a discontinued operations accrual of $747.1 million, $784.5 million and $815.1 million, respectively, and had related insurance receivables of $163.6 million, $179.3 million and $192.3 million, respectively.

     The amounts recognized by Cooper for its asbestos liability and related insurance receivables under the Plan B settlement were not discounted and relied on assumptions that were based on currently known facts and strategy. The value of the liability on a discounted basis net of the amount of insurance recoveries likely to materialize in the future would have been significantly lower than the net amounts recognized in the balance sheet. Prior to the first quarter 2011 adjustment for the April 5, 2011 settlement agreement with Pneumo discussed below, Cooper estimated that the liability for pending and future indemnity and defense costs for the next 45 years was $736.3 million. This estimated liability was before any tax benefit and was not discounted as the timing of the actual payments on resolution of claims through the tort system was not reasonably predictable. The methodology used to project Cooper’s liability estimate relied upon a number of assumptions including Cooper’s recent claims experience and declining future asbestos spending based on past trends and publicly available epidemiological data, changes in various jurisdictions, management’s judgment about the current and future litigation environment, and the availability to claimants of other payment sources. Under the Plan B settlement, Cooper, through Pneumo-Abex LLC, had access to Abex insurance policies with remaining limits on policies with solvent insurers in excess of $660 million. Insurance recoveries reflected as receivables in the balance sheet included recoveries where insurance-in-place agreements, settlements or policy recoveries were considered probable. Prior to the first quarter 2011 adjustment for the April 5, 2011 settlement agreement with Pneumo discussed below, Cooper’s receivable for recoveries of costs from insurers amounted to $151.9 million.

     On February 1, 2011, Cooper entered into a settlement agreement that following satisfaction of various closing conditions closed on April 5, 2011. The settlement agreement terminated the Mutual Guaranty between Cooper and Pneumo and created a Settlement Trust. As a result of the April 2011 settlement the Company and its subsidiaries have no further obligations under the Mutual Guaranty. Under the settlement agreement, a subsidiary of Cooper will make payments to the Settlement Trust totaling $307.5 million ($250 million was paid at closing and the remainder is due in installments over four years, subject to certain adjustments). Cooper made the $250 million initial payment to the Settlement Trust on April 5, 2011. Other payments due under the settlement agreement total approximately $49.6 million, after certain reductions for indemnity and defense payments made by Cooper subsequent to the February 1, 2011 settlement agreement and prior to the closing on April 5, 2011. At September 30, 2011, the remaining payments are due in installments in April of each year as follows: $9.1 million in 2012, $17.0 million in 2013, and $11.75 million in each of 2014 and 2015.

     As discussed above, the Company had previously recorded an estimated accrual on an undiscounted basis for pending and future indemnity and defense costs under the Mutual Guaranty. In addition, the Company had recorded receivables for related insurance recoveries where insurance-in-place agreements, settlements or policy recoveries were considered probable. As a result of the settlement agreement, in the first quarter of 2011 Cooper adjusted its previously recorded net liability for its obligations under the Mutual Guaranty to the amounts payable under the settlement agreement and related unpaid legal expenses resulting in the recognition of an after-tax gain from discontinued operations of $190.3 million, which is net of a $105.6 million income tax expense. Cooper also has approximately $8.9 million in receivables for non-Abex related insurance recoveries remaining on the balance sheet at September 30, 2011 due through 2014 under previously recognized insurance settlements.

     The following table presents the cash activity related to these discontinued operations assets and liabilities through September 30, 2011.

	Nine Months Ended
	September 30,
	2011			2010
	(in millions)
Cash Flow:
Indemnity and defense payments	$	(10.5	)	$	(23.0	)
Insurance recoveries		14.9			14.5
Payment to Pneumo Settlement Trust		(250.0	)		—
Other		(1.0	)		(1.7	)
Net cash flow related to discontinued operations assets and liabilities	$	(246.6	)	$	(10.2	)

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Consolidated Income Statements (Unaudited) (USD $) In Millions, except Per Share data	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Consolidated Income Statements [Abstract]
Revenues	$ 1,389.7	$ 1,240.7	$ 4,036.3	$ 3,806.0
Cost of sales	931.2	821.6	2,682.0	2,537.7
Selling and administrative expenses	269.2	236.7	779.8	737.1
Equity in (income) of Apex Tool Group, LLC	(16.0)	(10.5)	(44.9)	(10.5)
Loss related to contribution of net assets to Apex Tool Group, LLC				134.5
Restructuring charges		1.5		8.0
Operating earnings	205.3	191.4	619.4	399.2
Interest expense, net	16.4	12.3	49.8	36.2
Income from continuing operations before income taxes	188.9	179.1	569.6	363.0
Income tax expense	28.7	37.4	92.2	61.1
Income from continuing operations	160.2	141.7	477.4	301.9
Income related to discontinued operations, net of income taxes			190.3
Net income	$ 160.2	$ 141.7	$ 667.7	$ 301.9
Basic:
Income from continuing operations	$ 0.99	$ 0.86	$ 2.91	$ 1.81
Income from discontinued operations			$ 1.16
Net income	$ 0.99	$ 0.86	$ 4.07	$ 1.81
Diluted:
Income from continuing operations	$ 0.98	$ 0.85	$ 2.87	$ 1.79
Income from discontinued operations			$ 1.14
Net income	$ 0.98	$ 0.85	$ 4.01	$ 1.79
Cash dividends declared per common share	$ 0.29	$ 0.27	$ 0.87	$ 0.81

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Inventories (Details) (USD $) In Millions	Sep. 30, 2011	Dec. 31, 2010
Components of net inventories
Raw materials	$ 206.5	$ 168.6
Work-in-process	118.9	97.9
Finished goods	314.4	288.5
Perishable tooling and supplies	7.2	7.6
Gross Inventories	647.0	562.6
Allowance for excess and obsolete inventory	(63.9)	(57.8)
Excess of FIFO costs over LIFO costs	(76.8)	(65.9)
Net inventories	$ 506.3	$ 438.9

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Financial Instruments and Hedging Activities, Concentrations of Credit Risk and Fair Value of Financial Instruments (Details) (Significant other observable inputs (Level 2) [Member], USD $) In Millions	Sep. 30, 2011	Dec. 31, 2010
Currency Forward Exchange Contracts [Member]
Assets and liabilities measured at fair value
Derivative Assets, Current	$ 17.4	$ 23.9
Derivative Assets, Noncurrent	59.5	63.3
Derivative Liabilities, Current	(23.2)	(24.7)
Derivative Liabilities, Noncurrent	(24.4)	(26.4)
Short-term commodity swaps [Member]
Assets and liabilities measured at fair value
Derivative Assets, Current	0	2.9
Derivative Liabilities, Current	(3.3)	0
Long-term cross-currency swaps [Member]
Assets and liabilities measured at fair value
Derivative Assets, Noncurrent	0	0
Derivative Liabilities, Noncurrent	$ (35.2)	$ (30.2)

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Pension and Other Postretirement Benefits (Details) (USD $) In Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Pension Benefits [Member]
Components of net periodic benefit cost
Service cost	$ 0.6	$ 0.7	$ 1.8	$ 2.5
Interest cost	8.4	9.1	25.2	28.6
Expected return on plan assets	(10.9)	(10.6)	(32.7)	(32.1)
Amortization of prior service cost	(0.6)	(0.7)	(2.0)	(2.0)
Recognized actuarial (gain) loss	5.4	5.2	15.3	15.9
Net periodic benefit cost (gain)	2.9	3.7	7.6	12.9
Other Postretirement Benefits [Member]
Components of net periodic benefit cost
Interest cost	0.9	1.1	2.7	3.5
Amortization of prior service cost	(0.5)	(0.5)	(1.5)	(1.5)
Recognized actuarial (gain) loss	(0.8)	(0.5)	(2.4)	(1.5)
Net periodic benefit cost (gain)	$ (0.4)	$ 0.1	$ (1.2)	$ 0.5

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Net Income Per Common Share (Details) (USD $) In Millions	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2008	Sep. 30, 2011	Sep. 30, 2010	Dec. 31, 2009
Basic:
Income from continuing operations	$ 160.2	$ 141.7		$ 477.4	$ 301.9
Income from discontinued operations			16.6	190.3		25.5
Net income applicable to common stock	160.2	141.7		667.7	301.9
Weighted average common shares outstanding	162.3	165.3		164.3	166.9
Diluted:
Income from continuing operations	160.2	141.7		477.4	301.9
Income from discontinued operations			16.6	190.3		25.5
Net income applicable to common stock	$ 160.2	$ 141.7		$ 667.7	$ 301.9
Weighted average common shares outstanding	162.3	165.3		164.3	166.9
Incremental shares from assumed conversions:
Options, performance-based stock awards and other employee awards	1.7	1.8		2.2	1.9
Weighted average common shares and common share equivalents	164.0	167.1		166.5	168.8

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Consolidating Financial Information - Consolidating Income Statements (Details) (USD $) In Millions	3 Months Ended				9 Months Ended		12 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Jun. 30, 2010	Sep. 30, 2008	Sep. 30, 2011	Sep. 30, 2010	Dec. 31, 2009
Consolidated Income Statements
Revenues	$ 1,389.7	$ 1,240.7			$ 4,036.3	$ 3,806.0
Cost of sales	931.2	821.6			2,682.0	2,537.7
Selling and administrative expenses	269.2	236.7			779.8	737.1
Equity in (income) of Apex Tool Group, LLC	(16.0)	(10.5)			(44.9)	(10.5)
Loss related to contribution of net assets to Apex Tool Group, LLC			134.5			134.5
Restructuring charges		1.5				8.0
Interest expense, net	16.4	12.3			49.8	36.2
Income (loss) before income taxes	188.9	179.1			569.6	363.0
Income tax expense (benefit)	28.7	37.4			92.2	61.1
Income from continuing operations	160.2	141.7			477.4	301.9
Income related to discontinued operations, net of income taxes				16.6	190.3		25.5
Net income	160.2	141.7			667.7	301.9
Cooper Industries plc [Member]
Consolidated Income Statements
Selling and administrative expenses	0.2	0.5			0	2.6
Equity in earnings of consolidated subsidiaries, net of tax	156.4	73.1			623.3	143.9
Intercompany income (expense)	(0.3)	(0.3)			(1.0)	0.1
Income (loss) before income taxes	155.9	72.3			622.3	141.4
Income from continuing operations					622.3
Net income	155.9	72.3			622.3	141.4
Cooper US, Inc. [Member]
Consolidated Income Statements
Cost of sales	(0.9)	(0.9)			(2.7)	(0.7)
Selling and administrative expenses	18.5	17.7			92.4	80.1
Loss related to contribution of net assets to Apex Tool Group, LLC						2.4
Interest expense, net	16.3	12.3			50.0	36.7
Equity in earnings of consolidated subsidiaries, net of tax	88.7	74.5			457.2	133.8
Intercompany income (expense)	(13.8)	(19.2)			(54.6)	(60.2)
Income (loss) before income taxes	41.0	26.2			262.9	(44.9)
Income tax expense (benefit)	(20.6)	(16.1)			(72.1)	(53.7)
Income from continuing operations					335.0
Net income	61.6	42.3			335.0	8.8
Guarantors [Member]
Consolidated Income Statements
Revenues	886.5	820.1			2,600.4	2,292.6
Cost of sales	621.9	579.4			1,822.5	1,626.2
Selling and administrative expenses	134.1	124.5			389.7	352.8
Restructuring charges		2.0				3.8
Equity in earnings of consolidated subsidiaries, net of tax	139.3	139.6			602.5	301.4
Intercompany income (expense)	(37.2)	(44.7)			(121.5)	(120.5)
Income (loss) before income taxes	232.6	209.1			869.2	490.7
Income tax expense (benefit)	33.7	33.4			105.5	84.5
Income from continuing operations					763.7
Net income	198.9	175.7			763.7	406.2
Other Subsidiaries [Member]
Consolidated Income Statements
Revenues	688.3	596.5			1,987.5	2,007.3
Cost of sales	495.3	419.0			1,413.8	1,406.1
Selling and administrative expenses	120.7	96.3			342.8	334.8
Equity in (income) of Apex Tool Group, LLC	(16.0)	(10.5)			(44.9)	(10.5)
Loss related to contribution of net assets to Apex Tool Group, LLC		(0.5)				131.6
Restructuring charges		(0.5)				4.2
Interest expense, net	0.1				(0.2)	(0.5)
Equity in earnings of consolidated subsidiaries, net of tax	207.2	42.2			480.6	8.7
Intercompany income (expense)	51.3	60.4			176.8	176.8
Income (loss) before income taxes	346.7	195.3			933.4	327.1
Income tax expense (benefit)	15.6	20.1			58.8	30.3
Income from continuing operations					874.6
Income related to discontinued operations, net of income taxes					190.3
Net income	331.1	175.2			1,064.9	296.8
Consolidating Adjustments [Member]
Consolidated Income Statements
Revenues	(185.1)	(175.9)			(551.6)	(493.9)
Cost of sales	(185.1)	(175.9)			(551.6)	(493.9)
Selling and administrative expenses	(4.3)	(2.3)			(45.1)	(33.2)
Loss related to contribution of net assets to Apex Tool Group, LLC		0.5				0.5
Equity in earnings of consolidated subsidiaries, net of tax	(591.6)	(329.4)			(2,163.6)	(587.8)
Intercompany income (expense)		3.8			0.3	3.8
Income (loss) before income taxes	587.3	(323.8)			(2,118.2)	(551.3)
Income from continuing operations					(2,118.2)
Net income	$ 587.3	$ (323.8)			$ (2,118.2)	$ (551.3)

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Goodwill (Details) (USD $) In Millions	Sep. 30, 2011	Dec. 31, 2010
Goodwill (Textual) [Abstract]
Goodwill	$ 2,513.6	$ 2,356.5