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Condensed Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified
Mar. 30, 2013
Dec. 31, 2012
Current assets    
Cash and cash equivalents $ 215 $ 261
Accounts and notes receivable, net of allowances of $42 and $37, respectively 1,404 1,295
Inventories 1,327 1,379
Other current assets 344 324
Total current assets 3,290 3,259
Property, plant and equipment, net 1,222 1,224
Other assets    
Goodwill 4,867 4,895
Intangibles, net 1,859 1,910
Other non-current assets 483 487
Total other assets 7,209 7,292
Total assets 11,721 11,775
Current liabilities    
Current maturities of long-term debt and short-term borrowings 6 3
Accounts payable 580 570
Employee compensation and benefits 264 294
Other current liabilities 633 672
Total current liabilities 1,483 1,539
Other liabilities    
Long-term debt 2,592 2,454
Pension and other post-retirement compensation and benefits 370 378
Deferred tax liabilities 481 488
Other non-current liabilities 452 437
Total liabilities 5,378 5,296
Equity    
Common shares CHF 0.50 par value, 213.0 authorized and issued at March 30, 2013 and December 31, 2012, respectively 113 113
Common shares held in treasury, 8.5 and 6.9 shares at March 30, 2013 and December 31, 2012, respectively (406) (315)
Capital contribution reserve 5,264 5,285
Retained earnings 1,344 1,292
Accumulated other comprehensive income (loss) (87) (12)
Shareholders' equity attributable to Pentair Ltd. 6,228 6,363
Noncontrolling interest 115 116
Total equity 6,343 6,479
Total liabilities and equity $ 11,721 $ 11,775