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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 29, 2013
Jun. 30, 2012
Jun. 29, 2013
Jun. 30, 2012
Net sales $ 1,963.7 $ 941.5 $ 3,738.2 $ 1,799.7
Cost of goods sold 1,296.3 629.4 2,547.0 1,206.9
Gross profit 667.4 312.1 1,191.2 592.8
Selling, general and administrative 409.4 172.0 825.4 345.4
Research and development 32.1 20.8 65.6 41.6
Operating income 225.9 119.3 300.2 205.8
Other (income) expense:        
Equity income of unconsolidated subsidiaries (0.9) (0.6) (1.1) (1.7)
Gain on sale of business 0 0 (16.7) 0
Net interest expense 18.4 16.1 35.4 30.9
Income before income taxes and noncontrolling interest 208.4 103.8 282.6 176.6
Provision for income taxes 53.0 29.4 73.9 39.1
Net income before noncontrolling interest 155.4 74.4 208.7 137.5
Noncontrolling interest 1.3 1.7 2.9 3.0
Net income attributable to Pentair Ltd. 154.1 72.7 205.8 134.5
Comprehensive income (loss), net of tax        
Net income before noncontrolling interest 155.4 74.4 208.7 137.5
Changes in cumulative translation adjustment (41.2) (85.3) (118.2) (45.0)
Changes in market value of derivative financial instruments (0.4) 1.3 0.3 3.1
Total comprehensive income (loss) 113.8 (9.6) 90.8 95.6
Less: Comprehensive income (loss) attributable to noncontrolling interest 1.8 (0.2) 2.4 2.0
Comprehensive income (loss) attributable to Pentair Ltd. $ 112.0 $ (9.4) $ 88.4 $ 93.6
Earnings per common share attributable to Pentair Ltd.        
Basic (USD per share) $ 0.76 $ 0.73 $ 1.01 $ 1.36
Diluted (USD per share) $ 0.75 $ 0.72 $ 0.99 $ 1.33
Weighted average common shares outstanding        
Basic (shares) 202.1 99.0 203.5 98.9
Diluted (shares) 205.5 101.2 206.9 100.8
Cash dividends paid per common share (USD per share) $ 0.23 $ 0.22 $ 0.46 $ 0.44