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Subsequent Events
12 Months Ended
Dec. 31, 2011
Subsequent Events [Abstract]  
Subsequent Events

Note 21—Subsequent Events

On January 17, 2012, the Company acquired certain assets of Trayal Korporacija in Krusevac, Serbia for approximately €13 million ($16.45 million). The assets purchased include land, building and machinery and equipment. In conjunction with the asset acquisition, the Company established Cooper Tire & Rubber Company Serbia d.o.o. (“Cooper Serbia”). Cooper Serbia will be comprised of the assets acquired from Trayal Korporacija, coupled with those assets acquired through additional capital spending. Once operational, Cooper Serbia’s tire-making operations will complement Cooper Europe’s operations and product offerings. The newly formed Serbian entity will be included in the International Tire Operations segment. This transaction is being accounted for as an asset acquisition by the Company.

The Company reached a tentative agreement with USW Local 207L at its facility in Findlay, Ohio. A ratification vote on this agreement was scheduled to occur on February 27, 2012; the outcome of this vote is not known at the time of this filing.