Equity (Tables)

9 Months Ended

Sep. 30, 2013

Sep. 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	6.9
Repurchase of ordinary shares	(13.8	)
September 30, 2013	288.7

Components Of Shareholders Equity Rollforward

The components of Equity for the nine months ended September 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	571.1			29.0			600.1
Currency translation	(2.7		)	(2.8		)	(5.5		)
Change in value of marketable securities and derivatives qualifying as cash flow hedges, net of tax	18.6			—			18.6
Pension and OPEB adjustments, net of tax	32.0			—			32.0
Total comprehensive income	619.0			26.2			645.2
Share-based compensation	53.8			—			53.8
Dividends declared to noncontrolling interests	—			(15.8		)	(15.8		)
Dividends declared to ordinary shareholders	(123.0		)	—			(123.0		)
Shares issued under incentive plans, net	192.3			—			192.3
Repurchase of ordinary shares	(795.2		)	—			(795.2		)
Balance at September 30, 2013	$	7,094.7		$	91.9		$	7,186.6

The components of Equity for the nine months ended September 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	783.0			19.2			802.2
Currency translation	58.4			(10.3		)	48.1
Change in value of marketable securities and derivatives qualifying as cash flow hedges, net of tax	5.2			—			5.2
Pension and OPEB adjustments, net of tax	58.3			(1.3		)	57.0
Total comprehensive income	904.9			7.6			912.5
Share-based compensation	34.7			—			34.7
Settlement of Exchangeable Senior Notes	(4.5		)	—			(4.5		)
Acquisition/divestiture of noncontrolling interests	(1.2		)	0.8			(0.4		)
Dividends declared to noncontrolling interests	—			(12.3		)	(12.3		)
Dividends declared to ordinary shareholders	(98.5		)	—			(98.5		)
Accretion of Exchangeable Senior Notes from Temporary equity	3.3			—			3.3
Shares issued under incentive plans, net	57.7			—			57.7
Repurchase of ordinary shares	(374.9		)	—			(374.9		)
Balance at September 30, 2012	$	7,445.8		$	84.2		$	7,530.0

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

The changes in Accumulated other comprehensive income (loss) for the nine months ended September 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	9.4			(1.1		)	(2.7		)	5.6
Amounts reclassified from accumulated other comprehensive income	9.6			49.8			—			59.4
Tax (expense) benefit	(0.3		)	(16.7		)	—			(17.0		)
September 30, 2013	$	17.3		$	(932.2	)	$	441.9		$	(473.0	)

Disclosure of Reclassification Amount [Text Block]

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

	Amount Reclassified from Accumulated Other Comprehensive Income
In millions	Three months ended			Nine 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	$	0.6		$	2.2		Interest expense
Interest rate swaps	(0.2		)	(0.2		)	Interest expense
Foreign exchange contracts	2.3			7.6			Cost of goods sold
	2.7			9.6			Earnings before income taxes
	(0.2		)	(0.7		)	Provision for income taxes
	2.5			8.9
Defined benefit pension items:
Amortization of:
Prior-service (gains) costs	$	(1.5	)	$	(4.3	)	(a)
Actuarial (gains) losses	17.7			54.1			(a)
	16.2			49.8			Earnings before income taxes
	(5.2		)	(16.7		)	Provision for income taxes
	11.0			33.1
Total reclassifications for the period	$	13.5		$	42.0

(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)