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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
Mar. 29, 2014
Sep. 28, 2013
Mar. 30, 2013
Net sales $ 1,725.2   $ 1,774.5
Cost of goods sold 1,146.9   1,250.7
Gross profit 578.3   523.8
Selling, general and administrative 368.4   416.0
Research and development 30.0   33.5
Operating income 179.9   74.3
Other (income) expense:      
Equity income of unconsolidated subsidiaries (0.4)   (0.2)
Loss (gain) on sale of businesses 8.0 (0.1) (16.7)
Net interest expense 15.7   17.0
Income before income taxes and noncontrolling interest 156.6   74.2
Provision for income taxes 38.0   20.9
Net income before noncontrolling interest 118.6   53.3
Noncontrolling interest 0   1.6
Net income attributable to Pentair Ltd. 118.6   51.7
Comprehensive income (loss), net of tax      
Net income before noncontrolling interest 118.6   53.3
Changes in cumulative translation adjustment (27.9)   (76.9)
Changes in market value of derivative financial instruments, net of $0.1 and $0.4 tax, respectively 0.2   0.7
Total comprehensive income (loss) 90.9   (22.9)
Less: Comprehensive income attributable to noncontrolling interest 0   0.7
Comprehensive income (loss) attributable to Pentair Ltd. $ 90.9   $ (23.6)
Earnings per common share attributable to Pentair Ltd.      
Basic (USD per share) $ 0.60   $ 0.25
Diluted (USD per share) $ 0.59   $ 0.25
Weighted average common shares outstanding      
Basic (shares) 196.2   204.8
Diluted (shares) 199.7   208.2