XML 67 R64.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidating Statement of Operations and Comprehensive Income (Detail) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 30, 2013
Mar. 31, 2012
Condensed Financial Statements, Captions [Line Items]    
Net sales $ 1,774 $ 858
Cost of goods sold 1,250 577
Gross profit 524 281
Selling, general and administrative 416 174
Research and development 34 21
Operating income (loss) 74 86
Other (income) expense:    
Gain on sale of business (17)  
Net interest expense 17 15
Income before income taxes and noncontrolling interest 74 73
Provision for income taxes 21 10
Net income (loss) before noncontrolling interest 53 63
Noncontrolling interest 1 1
Net income (loss) attributable to Pentair Ltd. 52 62
Comprehensive income (loss), net of tax    
Net income (loss) before noncontrolling interest 53 63
Changes in cumulative translation adjustment (76) 40
Changes in market value of derivative financial instruments 1  
Total comprehensive income (loss) (22) 105
Less: Comprehensive income attributable to noncontrolling interest 1 2
Comprehensive income (loss) attributable to Pentair Ltd. (23) 103
Parent Company Guarantor
   
Condensed Financial Statements, Captions [Line Items]    
Selling, general and administrative (1)  
Operating income (loss) 1  
Loss (earnings) from investment in subsidiaries (51)  
Other (income) expense:    
Income before income taxes and noncontrolling interest 52  
Net income (loss) before noncontrolling interest 52  
Net income (loss) attributable to Pentair Ltd. 52  
Comprehensive income (loss), net of tax    
Net income (loss) before noncontrolling interest 52  
Changes in cumulative translation adjustment (76)  
Changes in market value of derivative financial instruments 1  
Total comprehensive income (loss) (23)  
Comprehensive income (loss) attributable to Pentair Ltd. (23)  
Subsidiary Issuer
   
Condensed Financial Statements, Captions [Line Items]    
Selling, general and administrative 3  
Operating income (loss) (3)  
Loss (earnings) from investment in subsidiaries (55)  
Other (income) expense:    
Net interest expense 3  
Income before income taxes and noncontrolling interest 49  
Net income (loss) before noncontrolling interest 49  
Net income (loss) attributable to Pentair Ltd. 49  
Comprehensive income (loss), net of tax    
Net income (loss) before noncontrolling interest 49  
Changes in cumulative translation adjustment (76)  
Changes in market value of derivative financial instruments 1  
Total comprehensive income (loss) (26)  
Comprehensive income (loss) attributable to Pentair Ltd. (26)  
Non-Guarantor Subsidiaries
   
Condensed Financial Statements, Captions [Line Items]    
Net sales 1,774  
Cost of goods sold 1,250  
Gross profit 524  
Selling, general and administrative 414  
Research and development 34  
Operating income (loss) 76  
Other (income) expense:    
Gain on sale of business (17)  
Net interest expense 14  
Income before income taxes and noncontrolling interest 79  
Provision for income taxes 21  
Net income (loss) before noncontrolling interest 58  
Noncontrolling interest 1  
Net income (loss) attributable to Pentair Ltd. 57  
Comprehensive income (loss), net of tax    
Net income (loss) before noncontrolling interest 58  
Changes in cumulative translation adjustment (76)  
Changes in market value of derivative financial instruments 1  
Total comprehensive income (loss) (17)  
Less: Comprehensive income attributable to noncontrolling interest 1  
Comprehensive income (loss) attributable to Pentair Ltd. (18)  
Eliminations
   
Condensed Financial Statements, Captions [Line Items]    
Loss (earnings) from investment in subsidiaries 106  
Other (income) expense:    
Income before income taxes and noncontrolling interest (106)  
Net income (loss) before noncontrolling interest (106)  
Net income (loss) attributable to Pentair Ltd. (106)  
Comprehensive income (loss), net of tax    
Net income (loss) before noncontrolling interest (106)  
Changes in cumulative translation adjustment 152  
Changes in market value of derivative financial instruments (2)  
Total comprehensive income (loss) 44  
Comprehensive income (loss) attributable to Pentair Ltd. $ 44