Equity (Tables)

6 Months Ended

Jun. 30, 2013

Jun. 30, 2012

Stockholders' Equity Note [Abstract]

Reconciliation of Ordinary Shares

The reconciliation of Ordinary shares is as follows:

In millions	Total
December 31, 2012	295.6
Shares issued under incentive plans, net	4.8
Repurchase of ordinary shares	(8.5	)
June 30, 2013	291.9

Components Of Shareholders Equity Rollforward

The components of Equity for the six months ended June 30, 2013 were as follows:

In millions	IR-Ireland shareholders’ equity			Noncontrolling interests			Total equity
Balance at December 31, 2012	$	7,147.8		$	81.5		$	7,229.3
Net earnings	405.2			14.1			419.3
Currency translation	(128.6		)	(7.9		)	(136.5		)
Change in value of marketable securities and derivatives qualifying as cash flow hedges, net of tax	13.9			—			13.9
Pension and OPEB adjustments, net of tax	37.1			—			37.1
Total comprehensive income	327.6			6.2			333.8
Share-based compensation	40.1			—			40.1
Dividends declared to noncontrolling interests	—			(5.6		)	(5.6		)
Dividends declared to ordinary shareholders	(62.4		)	—			(62.4		)
Shares issued under incentive plans, net	118.6			—			118.6
Repurchase of ordinary shares	(477.6		)	—			(477.6		)
Balance at June 30, 2013	$	7,094.1		$	82.1		$	7,176.2

The components of Equity for the six months ended June 30, 2012 were as follows:

In millions	IR-Ireland shareholders’ equity			Noncontrolling interests			Total equity
Balance at December 31, 2011	$	6,924.3		$	88.1		$	7,012.4
Net earnings	461.4			13.7			475.1
Currency translation	(116.0		)	—			(116.0		)
Change in value of marketable securities and derivatives qualifying as cash flow hedges, net of tax	2.9			—			2.9
Pension and OPEB adjustments, net of tax	64.8			—			64.8
Total comprehensive income	413.1			13.7			426.8
Share-based compensation	19.3			—			19.3
Settlement of Exchangeable Senior Notes	(4.5		)	—			(4.5		)
Acquisition/divestiture of noncontrolling interests	—			(0.4		)	(0.4		)
Dividends declared to noncontrolling interests	—			(10.3		)	(10.3		)
Dividends declared to ordinary shareholders	(49.8		)	—			(49.8		)
Accretion of Exchangeable Senior Notes from Temporary equity	3.3			—			3.3
Shares issued under incentive plans, net	24.9			—			24.9
Repurchase of ordinary shares	(35.0		)	—			(35.0		)
Balance at June 30, 2012	$	7,295.6		$	91.1		$	7,386.7

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The changes in Accumulated other comprehensive income (loss) for the six months ended June 30, 2013 are as follows:

In millions	Cash flow hedges and marketable securities			Pension and OPEB Items			Foreign Currency Items			Total
December 31, 2012	$	(1.4	)	$	(964.2	)	$	444.6		$	(521.0	)
Other comprehensive income before reclassifications	7.5			15.0			(128.6		)	(106.1		)
Amounts reclassified from accumulated other comprehensive income	6.9			33.6			—			40.5
Tax (expense) benefit	(0.5		)	(11.5		)	—			(12.0		)
June 30, 2013	$	12.5		$	(927.1	)	$	316.0		$	(598.6	)

Disclosure of Reclassification Amount [Text Block]

The reclassifications out of Accumulated other comprehensive income (loss) for the three and six months ended June 30, 2013 were as follows:

	Amount Reclassified from Accumulated Other Comprehensive Income
In millions	Three months ended			Six months ended			Statement of Comprehensive Income Line Item
Reclasses below represent (Income) loss to the Statement of Comprehensive Income
Gains and losses on cash flow hedges:
Interest rate locks	$	0.8		$	1.7		Interest expense
Foreign exchange contracts	3.0			5.2			Cost of goods sold
	3.8			6.9			Earnings before income taxes
	(0.5		)	(0.5		)	Provision for income taxes
	3.3			6.4
Defined benefit pension items:
Amortization of:
Prior-service (gains) costs	$	(1.4	)	$	(2.8	)	(a)
Actuarial (gains) losses	18.2			36.4			(a)
	16.8			33.6			Earnings before income taxes
	(5.6		)	(11.5		)	Provision for income taxes
	11.2			22.1
Total reclassifications for the period	$	14.5		$	28.5

(a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost and net periodic postretirement benefit cost (see Note 9 for additional details)