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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 $ 48   $ 458 $ 1,465 $ (38) $ 1,933 $ 114
Beginning Balance (in shares) at Dec. 31, 2011   98.6            
Net income (loss) 63       62   62 1
Change in cumulative translation adjustment 40         39 39 1
Changes in market value of derivative financial instruments, net of $0 and $1 tax for the three months ended March 30, 2013 and March 31, 2012 respectively 2         2 2  
Dividends declared (22)       (22)   (22)  
Exercise of options, net of shares tendered for payment (in shares)   0.3            
Exercise of options, net of shares tendered for payment 10     10     10  
Issuance of restricted shares, net of cancellations (in shares)   0.2            
Issuance of restricted shares, net of cancellations 4     4     4  
Shares surrendered by employees to pay taxes (in shares)   (0.1)            
Shares surrendered by employees to pay taxes (2)     (2)     (2)  
Share-based compensation 2     2     2  
Ending Balance at Mar. 31, 2012 2,144 48   472 1,505 3 2,028 116
Ending Balance (in shares) at Mar. 31, 2012   99.0            
Beginning Balance at Dec. 31, 2012 6,479 113 (315) 5,285 1,292 (12) 6,363 116
Beginning Balance (in shares) at Dec. 31, 2012   213.0 (6.9)          
Net income (loss) 53       52   52 1
Change in cumulative translation adjustment (76)         (76) (76)  
Changes in market value of derivative financial instruments, net of $0 and $1 tax for the three months ended March 30, 2013 and March 31, 2012 respectively 1         1 1  
Tax benefits of share-based compensation 6     6     6  
Dividends declared 1     1     1  
Distribution to noncontrolling interest (2)             (2)
Share repurchase (in shares)     (2.7)          
Share repurchase (140)   (140)       (140)  
Exercise of options, net of shares tendered for payment (in shares)     0.8          
Exercise of options, net of shares tendered for payment 23   34 (11)     23  
Issuance of restricted shares, net of cancellations (in shares)     0.5          
Issuance of restricted shares, net of cancellations     24 (24)        
Shares surrendered by employees to pay taxes (in shares)     (0.2)          
Shares surrendered by employees to pay taxes (12)   (9) (3)     (12)  
Share-based compensation 10     10     10  
Ending Balance at Mar. 30, 2013 $ 6,343 $ 113 $ (406) $ 5,264 $ 1,344 $ (87) $ 6,228 $ 115
Ending Balance (in shares) at Mar. 30, 2013   213.0 (8.5)