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Condensed Consolidated Statements of Changes in Equity (USD $)
In Millions
Total
Common shares
Treasury shares
Capital contribution reserve
Retained earnings
Accumulated other comprehensive income (loss)
Total Pentair Ltd.
Noncontrolling interest
Beginning Balance at Dec. 31, 2011 $ 2,047.4 $ 47.5   $ 457.7 $ 1,465.8 $ (37.7) $ 1,933.3 $ 114.1
Beginning Balance (in shares) at Dec. 31, 2011   98.6            
Net income 137.5       134.5   134.5 3.0
Changes in cumulative translation adjustment (45.0)         (44.0) (44.0) (1.0)
Changes in market value of derivative financial instruments, net of $0.1 and $1.2 tax for the six months ended June 29, 2013 and June 30, 2012, respectively 3.1         3.1 3.1  
Dividends declared (44.1)       (44.1)   (44.1)  
Exercise of options, net of shares tendered for payment 15.1 0.2   14.9     15.1  
Exercise of options, net of shares tendered for payment (in shares)   0.5            
Issuance of restricted shares, net of cancellations 3.7 0.1   3.6     3.7  
Issuance of restricted shares, net of cancellations (in shares)   0.2            
Shares surrendered by employees to pay taxes (2.5) 0   (2.5)     (2.5)  
Shares surrendered by employees to pay taxes (in shares)   (0.1)            
Share-based compensation 4.6     4.6     4.6  
Ending Balance at Jun. 30, 2012 2,119.8 47.8   478.3 1,556.2 (78.6) 2,003.7 116.1
Ending Balance (in shares) at Jun. 30, 2012   99.2            
Beginning Balance at Dec. 31, 2012 6,479.2 113.5 (315.5) 5,283.8 1,292.5 (11.6) 6,362.7 116.5
Beginning Balance (in shares) at Dec. 31, 2012   213.0 (6.9)          
Net income 208.7       205.8   205.8 2.9
Changes in cumulative translation adjustment (118.2)         (117.7) (117.7) (0.5)
Changes in market value of derivative financial instruments, net of $0.1 and $1.2 tax for the six months ended June 29, 2013 and June 30, 2012, respectively 0.3         0.3 0.3  
Tax benefits of share-based compensation 6.2     6.2     6.2  
Dividends declared (199.2)     (199.2)     (199.2)  
Distribution to noncontrolling interest (2.0)             (2.0)
Share repurchase (490.3)   (490.3)       (490.3)  
Share repurchase (in shares)     (9.0)          
Exercise of options, net of shares tendered for payment 50.7   68.6 (17.9)     50.7  
Exercise of options, net of shares tendered for payment (in shares)     1.6          
Issuance of restricted shares, net of cancellations     24.8 (24.8)        
Issuance of restricted shares, net of cancellations (in shares)     0.7          
Shares surrendered by employees to pay taxes (10.6)   (8.7) (1.9)     (10.6)  
Shares surrendered by employees to pay taxes (in shares)     (0.2)          
Share-based compensation 18.1     18.1     18.1  
Ending Balance at Jun. 29, 2013 $ 5,942.9 $ 113.5 $ (721.1) $ 5,064.3 $ 1,498.3 $ (129.0) $ 5,826.0 $ 116.9
Ending Balance (in shares) at Jun. 29, 2013   213.0 (13.8)