10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 10-Q

x   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2012

OR

o    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______________ to _______________

Commission File Number 0-16211

DENTSPLY International Inc.

(Exact name of registrant as specified in its charter)

Delaware	39-1434669
(State or other jurisdiction of	(I.R.S. Employer
incorporation or organization)	Identification No.)

221 West Philadelphia Street, York, PA	17405-0872
(Address of principal executive offices)	(Zip Code)

(717) 845-7511

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes   x No   o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes   x No   o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “large accelerated filer” and “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer  x Accelerated filer  o Non-accelerated filer  o Smaller reporting company  o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).   

Yes   o No   x

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:  At October 22, 2012, DENTSPLY International Inc. had 141,928,671 shares of Common Stock outstanding, with a par value of $.01 per share.

DENTSPLY International Inc.

TABLE OF CONTENTS

		Page
PART I	FINANCIAL INFORMATION
Item 1	Financial Statements (unaudited)	3
	Consolidated Statements of Operations	3
	Consolidated Statements of Comprehensive Income	4
	Consolidated Balance Sheets	5
	Consolidated Statements of Cash Flows	6
	Consolidated Statements of Changes in Equity	7
	Notes to Unaudited Interim Consolidated Financial Statements	8
Item 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	32
Item 3	Quantitative and Qualitative Disclosures About Market Risk	47
Item 4	Controls and Procedures	47
PART II	OTHER INFORMATION
Item 1	Legal Proceedings	48
Item 1A	Risk Factors	48
Item 2	Unregistered Sales of Securities and Use of Proceeds	48
Item 4	Submission of Matters to a Vote of Security Holders	48
Item 6	Exhibits	49
	Signatures	49

2

PART I – FINANCIAL INFORMATION

Item 1 – Financial Statements

DENTSPLY INTERNATIONAL INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share amounts)

(unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
Net sales	$	695,734		$	619,759		$	2,175,141		$	1,799,705
Cost of products sold	331,619			322,111			1,010,807			887,222
Gross profit	364,115			297,648			1,164,334			912,483
Selling, general and administrative expenses	260,352			231,493			860,740			643,244
Restructuring and other costs	15,097			26,353			18,862			33,849
Operating income	88,666			39,802			284,732			235,390
Other income and expenses:
Interest expense	14,488			16,062			44,854			27,975
Interest income	(2,342		)	(2,418		)	(6,650		)	(6,676		)
Other expense (income), net	739			7,182			1,969			8,686
Income before income taxes	75,781			18,976			244,559			205,405
Provision for (benefit from) income taxes	18,960			(40,627		)	48,550			1,042
Equity in net (loss) earnings of unconsolidated affiliated company	(2,529		)	1,597			(5,448		)	1,690
Net income	54,292			61,200			190,561			206,053
Less: Net income attributable to noncontrolling interests	928			603			3,148			2,136
Net income attributable to DENTSPLY International	$	53,364		$	60,597		$	187,413		$	203,917
Earnings per common share:
Basic	$	0.38		$	0.43		$	1.32		$	1.44
Diluted	$	0.37		$	0.42		$	1.30		$	1.42
Weighted average common shares outstanding:
Basic	141,843			141,349			141,767			141,337
Diluted	143,884			143,395			143,885			143,578

See accompanying Notes to Unaudited Interim Consolidated Financial Statements.

3

DENTSPLY INTERNATIONAL INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands)

(unaudited)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012		2011
Net income	$	54,292		$	61,200		$	190,561	$	206,053
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	104,168			(279,384		)	58,893		(126,617		)
Net (loss) gain on derivative financial instruments	(11,214		)	33,115			3,743		(30,288		)
Net unrealized holding gain (loss) on available-for-sale securities	15,373			(9,136		)	30,419		(11,167		)
Pension liability adjustments	44			2,370			1,710		337
Total other comprehensive income (loss)	108,371			(253,035		)	94,765		(167,735		)
Total comprehensive income (loss)	162,663			(191,835		)	285,326		38,318
Less: Comprehensive income (loss) attributable
to noncontrolling interests	1,366			(4,098		)	2,722		3,378
Comprehensive income (loss) attributable to
DENTSPLY International	$	161,297		$	(187,737	)	282,604		34,940

See accompanying Notes to Unaudited Interim Consolidated Financial Statements.

4

DENTSPLY INTERNATIONAL INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(In thousands, except per share amounts)

(unaudited)

	September 30, 2012			December 31, 2011
Assets
Current Assets:
Cash and cash equivalents	$	56,075		$	77,128
Accounts and notes receivables-trade, net	467,296			427,709
Inventories, net	415,922			361,762
Prepaid expenses and other current assets	189,685			146,304
Total Current Assets	1,128,978			1,012,903
Property, plant and equipment, net	602,670			591,445
Identifiable intangible assets, net	841,751			791,100
Goodwill, net	2,207,413			2,190,063
Other noncurrent assets, net	196,610			169,887
Total Assets	$	4,977,422		$	4,755,398
Liabilities and Equity
Current Liabilities:
Accounts payable	$	137,669		$	149,117
Accrued liabilities	373,005			289,201
Income taxes payable	18,206			9,054
Notes payable and current portion of long-term debt	411,840			276,701
Total Current Liabilities	940,720			724,073
Long-term debt	1,237,244			1,490,010
Deferred income taxes	319,834			249,822
Other noncurrent liabilities	318,757			407,342
Total Liabilities	2,816,555			2,871,247
Commitments and contingencies
Equity:
Preferred stock, $.01 par value; .25 million shares authorized; no shares issued	—			—
Common stock, $.01 par value; 200.0 million shares authorized; 162.8 million shares issued at September 30, 2012 and December 31, 2011.	1,628			1,628
Capital in excess of par value	241,844			229,687
Retained earnings	2,699,546			2,535,709
Accumulated other comprehensive loss	(95,779		)	(190,970		)
Treasury stock, at cost, 20.8 million and 21.1 million shares at September 30, 2012 and December 31, 2011, respectively.	(725,168		)	(727,977		)
Total DENTSPLY International Equity	2,122,071			1,848,077
Noncontrolling interests	38,796			36,074
Total Equity	2,160,867			1,884,151
Total Liabilities and Equity	$	4,977,422		$	4,755,398

See accompanying Notes to Unaudited Interim Consolidated Financial Statements.

5

DENTSPLY INTERNATIONAL INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(unaudited)

	Nine Months Ended September 30,
	2012			2011
Cash flows from operating activities:
Net income	$	190,561		$	206,053
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	59,509			47,058
Amortization	37,289			16,830
Amortization of deferred financing costs	5,749			—
Deferred income taxes	(2,702		)	(28,953		)
Share-based compensation expense	17,248			15,659
Restructuring and other costs - noncash	14,207			725
Stock option income tax benefit	(11,201		)	(6,704		)
Net interest expense on derivatives with an other-than-insignificant financing element	1,229			2,687
Equity in earnings from unconsolidated affiliates	5,448			(1,690		)
Other non-cash expense	(8,354		)	3,266
Changes in operating assets and liabilities, net of acquisitions:
Accounts and notes receivable-trade, net	(41,943		)	(27,005		)
Inventories, net	(54,329		)	(2,609		)
Prepaid expenses and other current assets	(21,781		)	(8,016		)
Other noncurrent assets, net	(2,743		)	(308		)
Accounts payable	(11,557		)	4,668
Accrued liabilities	6,242			34,959
Income taxes payable	17,802			(4,701		)
Other noncurrent liabilities	1,391			2,913
Net cash provided by operating activities	202,065			254,832
Cash flows from investing activities:
Capital expenditures	(64,859		)	(45,458		)
Cash paid for acquisitions of businesses, net of cash acquired	—			(1,797,919		)
Payments on settlements of net investment hedges	(14,221		)	(2,462		)
Expenditures for identifiable intangible assets	(196		)	(337		)
Purchase of Company-owned life insurance policies	(1,577		)	—
Proceeds from sale of property, plant and equipment, net	553			593
Net cash used by investing activities	(80,300		)	(1,845,583		)
Cash flows from financing activities:
Net change in short-term borrowings	(115,468		)	413
Cash paid for treasury stock	(38,839		)	(79,500		)
Cash dividends paid	(23,561		)	(21,512		)
Cash paid for contingent consideration on prior acquisitions	(2,519		)	(1,780		)
Cash paid for acquisition of noncontrolling interests of consolidated subsidiaries	—			(16,431		)
Proceeds from long-term borrowings	—			1,446,414
Repayments of long-term borrowings	—			(251,336		)
Payment on terminated derivative instruments	—			(34,628		)
Proceeds from exercise of stock options	24,830			36,293
Excess tax benefits from share-based compensation	11,201			6,704
Net interest payments on derivatives with an other-than-insignificant financing element	(1,229		)	(2,687		)
Net cash (used) provided by financing activities	(145,585		)	1,081,950
Effect of exchange rate changes on cash and cash equivalents	2,767			50,629
Net decrease in cash and cash equivalents	(21,053		)	(458,172		)
Cash and cash equivalents at beginning of period	77,128			540,038
Cash and cash equivalents at end of period	$	56,075		$	81,866

See accompanying Notes to Unaudited Interim Consolidated Financial Statements.

6

DENTSPLY INTERNATIONAL INC. AND SUBSIDIARIES

CONSOLIDATED STATMENTS OF CHANGES IN EQUITY

(In thousands)

(unaudited)

	Common Stock		Capital in Excess of Par Value			Retained Earnings			Accumulated Other Comprehensive Loss			Treasury Stock			Total DENTSPLY International Equity			Noncontrolling Interests			Total Equity
Balance at December 31, 2010	$	1,628	$	204,902		$	2,320,350		$	24,156		$	(711,650	)	$	1,839,386		$	70,526		$	1,909,912
Net income	—		—			203,917			—			—			203,917			2,136			206,053
Other comprehensive income									(168,977		)				(168,977		)	1,242			(167,735		)
Acquisition of noncontrolling interest	—		22,439			—			(1,862		)	—			20,577			(37,008		)	(16,431		)
Exercise of stock options	—		(12,439		)	—			—			48,982			36,543			—			36,543
Tax benefit from stock options exercised	—		6,704			—			—			—			6,704			—			6,704
Share based compensation expense	—		15,410			—			—			—			15,410			—			15,410
Funding of Employee Stock Ownership Plan	—		379			—			—			2,595			2,974			—			2,974
Treasury shares purchased	—		—			—			—			(79,500		)	(79,500		)	—			(79,500		)
Dividends paid by noncontrolling interest	—		—			—			—			—			—			(174		)	(174		)
RSU distributions	—		(5,707		)	—			—			3,550			(2,157		)	—			(2,157		)
RSU dividends	—		137			(137		)	—			—			—			—			—
Cash dividends ($0.15 per share)	—		—			(21,185		)	—			—			(21,185		)	—			(21,185		)
Balance at September 30, 2011	$	1,628	$	231,825		$	2,502,945		$	(146,683	)	$	(736,023	)	$	1,853,692		$	36,722		$	1,890,414

	Common Stock		Capital in Excess of Par Value			Retained Earnings			Accumulated Other Comprehensive Loss			Treasury Stock			Total DENTSPLY International Equity			Noncontrolling Interests			Total Equity
Balance at December 31, 2011	$	1,628	$	229,687		$	2,535,709		$	(190,970	)	$	(727,977	)	$	1,848,077		$	36,074		$	1,884,151
Net income	—		—			187,413			—			—			187,413			3,148			190,561
Other comprehensive loss	—		—			—			95,191			—			95,191			(426		)	94,765
Exercise of stock options	—		(8,449		)	—			—			33,279			24,830			—			24,830
Tax benefit from stock options exercised	—		11,201			—			—			—			11,201			—			11,201
Share based compensation expense	—		17,248			—			—			—			17,248			—			17,248
Funding of Employee Stock Ownership Plan	—		370			—			—			3,272			3,642			—			3,642
Treasury shares purchased	—		—			—			—			(38,839		)	(38,839		)	—			(38,839		)
RSU distributions	—		(8,386		)	—			—			5,097			(3,289		)	—			(3,289		)
RSU dividends	—		173			(173		)	—			—			—			—			—
Cash dividends ($0.165 per share)	—		—			(23,403		)	—			—			(23,403		)	—			(23,403		)
Balance at September 30, 2012	$	1,628	$	241,844		$	2,699,546		$	(95,779	)	$	(725,168	)	$	2,122,071		$	38,796		$	2,160,867

See accompanying Notes to Unaudited Interim Consolidated Financial Statements.

7

DENTSPLY International Inc. and Subsidiaries

NOTES TO UNAUDITED INTERIM CONSOLIDATED FINANCIAL STATEMENTS

The accompanying unaudited interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and the rules of the United States Securities and Exchange Commission (“SEC”).  The year-end consolidated balance sheet data was derived from audited financial statements, but does not include all disclosures required by US GAAP. In the opinion of management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair statement of the results for interim periods have been included. Results for interim periods should not be considered indicative of results for a full year. These financial statements and related notes contain the accounts of DENTSPLY International Inc. and Subsidiaries (“DENTSPLY” or the “Company”) on a consolidated basis and should be read in conjunction with the consolidated financial statements and notes included in the Company’s most recent Form 10-K for the year ended December 31, 2011.

NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES

The accounting policies of the Company, as applied in the interim consolidated financial statements presented herein are substantially the same as presented in the Company’s Form 10-K for the year ended December 31, 2011, except as may be indicated below:

Accounts and Notes Receivable

The Company sells dental and certain healthcare products through a worldwide network of distributors and directly to end users.  For customers on credit terms, the Company performs ongoing credit evaluations of those customers' financial condition and generally does not require collateral from them.  The Company establishes allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments based on historical averages of aged receivable balances and the Company’s experience in collecting those balances, customer specific circumstances, as well as changes in the economic and political environments.  The Company records a provision for doubtful accounts, which is included in “Selling, general and administrative expenses.”

Accounts and notes receivables – trade, net are stated net of allowances for doubtful accounts and trade discounts, which was $16.3 million at September 30, 2012 and $15.8 million at December 31, 2011.

Marketable Securities

The Company’s marketable securities consist of corporate convertible bonds that are classified as available-for-sale in “Other noncurrent assets, net” on the consolidated balance sheets as the instruments mature in December 2015. The Company determined the appropriate classification at the time of purchase and will re-evaluate such designation as of each balance sheet date. In addition, the Company reviews the securities each quarter for indications of possible impairment. If an impairment is identified, the determination of whether the impairment is temporary or other-than-temporary requires significant judgment. The primary factors that the Company considers in making this judgment include the extent and time the fair value of each investment has been below cost and the existence of a credit loss. If a decline in fair value is judged other-than-temporary, the basis of the securities is written down to fair value and the amount of the write-down is included as a realized loss in the consolidated statement of operations. Changes in fair value are reported in accumulated other comprehensive income (“AOCI”).

 The convertible feature of the bonds has not been bifurcated from the underlying bonds as the feature does not contain a net-settlement feature, nor would the Company be able to achieve a hypothetical net-settlement that would substantially place the Company in a comparable cash settlement position.  As such, the derivative is not accounted for separately from the bond.  The cash paid by the Company was equal to the face value of the bonds issued, and therefore, the Company has not recorded any bond premium or discount on acquiring the bonds.  The fair value of the bonds was $91.2 million and $47.8 million at September 30, 2012 and December 31, 2011, respectively.  At September 30, 2012 and December 31, 2011, an unrealized holding gain of $29.9 million and a unrealized holding loss of $0.5 million, respectively, on available-for-sale securities, net of tax, had been recorded in AOCI. 

New Accounting Pronouncements

In June 2011, the Financial Accounting Standards Board (“FASB”) amended its rules regarding the presentation of comprehensive income.  The objective of this amendment is to improve the comparability, consistency and transparency of financial reporting and to increase the prominence of items reported in other comprehensive income.  Specifically, this amendment requires

8

that all non-owner changes in shareholders' equity be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements.  The new rules became effective during interim and annual periods beginning after December 15, 2011, with the exception of the requirement to present reclassification adjustments from other comprehensive income to net income on the face of the financial statements, which has been deferred pending further deliberation by the FASB.  Because the standard only impacts the presentation of comprehensive income and does not impact what is included in comprehensive income, the standard does not have a significant impact on the Company's consolidated financial statements. The Company adopted this accounting standard during the quarter ended March 31, 2012.

In September 2011, the FASB issued Accounting Standards Update ("ASU") No. 2011-08, “Intangibles – Goodwill and Other (Topic 350): Testing Goodwill for Impairment”. This newly issued accounting standard is intended to reduce the cost and complexity of the annual goodwill impairment test by providing entities an option to perform a "qualitative" assessment to determine whether further impairment testing is necessary. Under the revised standard, an entity has the option to first assess qualitative factors to determine whether it is necessary to perform the current two-step impairment test. If an entity believes, as a result of its qualitative assessment, that it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount, the quantitative impairment test is required; otherwise, no further testing is required. Prior to the issuance of the revised standard, an entity was required to perform step one of the impairment test at least annually by calculating and comparing the fair value of a reporting unit to its carrying amount. Under the revised standard, if an entity determines that step one is necessary and the fair value of the reporting unit is less than its carrying amount, then step two of the test will continue to be required to measure the amount of the impairment loss, if any. These amendments do not change the current guidance for testing other indefinite-lived intangible assets for impairment. This ASU is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. The Company adopted this standard for the quarter ended June 30, 2012 and it did not impact the Company’s financial position or results from operations.

In July 2012, the FASB issued ASU No. 2012-02, "Intangibles - Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment". This newly issued accounting standard is intended to reduce the cost and complexity of the annual indefinite-lived intangible asset impairment test by providing entities an option to perform a qualitative assessment to determine whether further impairment testing is necessary. Under the revised standard, an entity has the option to first assess qualitative factors to determine whether it is necessary to perform the current two-step impairment test. If an entity believes, as a result of its qualitative assessment, that it is more-likely-than-not that an indefinite-lived intangible asset is less than its carrying amount, the quantitative impairment test is required; otherwise, no further testing is required. Prior to the issuance of the revised standard, an entity was required to perform step one of the impairment test at least annually by calculating and comparing the fair value of an indefinite-lived intangible asset to its carrying amount. Under the revised standard, if an entity determines that step one is necessary and the indefinite-lived intangible asset is less than its carrying amount, then step two of the test will continue to be required to measure the amount of the impairment loss, if any. This ASU is effective for annual and interim indefinite-lived intangible asset impairment tests performed for fiscal years beginning after September 15, 2012. The Company expects to adopt this standard for the quarter ended March 31, 2013. The adoption of this standard will not impact the Company's financial position or results of operations.

NOTE 2 – STOCK COMPENSATION

The following table represents total stock based compensation expense for non-qualified stock options, restricted stock units (“RSU”) and the tax related benefit for the three and nine months ended September 30, 2012 and 2011:

	Three Months Ended				Nine Months Ended
(in thousands)	2012		2011		2012		2011
Stock option expense	$	3,027	$	2,833	$	8,706	$	8,206
RSU expense	2,839		2,204		7,480		6,551
Total stock based compensation expense	$	5,866	$	5,037	$	16,186	$	14,757
Total related tax benefit	$	1,692	$	1,430	$	4,406	$	4,302

At September 30, 2012, the remaining unamortized compensation cost related to non-qualified stock options is $16.3 million, which will be expensed over the weighted average remaining vesting period of the options, or 1.6 years. At September 30, 2012, the unamortized compensation cost related to RSU is $17.8 million, which will be expensed over the remaining restricted period of the RSU, or 1.5 years.

9

The following table reflects the non-qualified stock option transactions from December 31, 2011 through September 30, 2012:

	Outstanding						Exercisable
(in thousands, except per share data)	Shares		Weighted Average Exercise Price		Aggregate Intrinsic Value		Shares	Weighted Average Exercise Price		Aggregate Intrinsic Value
December 31, 2011	10,148		$	31.23	$	51,402	8,049	$	30.06	$	50,365
Granted	1,343		38.63
Exercised	(1,047	)	23.72
Cancelled	(35	)	41.84
Forfeited	(63	)	36.43
September 30, 2012	10,346		$	32.88	$	62,151	7,546	$	31.32	$	58,445

At September 30, 2012, the weighted average remaining contractual term of all outstanding options is 5.8 years and the weighted average remaining contractual term of exercisable options is 4.8 years.

The following table summarizes the unvested RSU transactions from December 31, 2011 through September 30, 2012:

(in thousands, except per share data)	Shares		Weighted Average Grant Date Fair Value
December 31, 2011	897		$	32.50
Granted	422		38.66
Vested	(245	)	26.33
Forfeited	(34	)	35.87
September 30, 2012	1,040		$	36.34

NOTE 3 – COMPREHENSIVE INCOME

During the quarter ended September 30, 2012, foreign currency translation adjustments included currency translation gains of $106.5 million and losses on the Company’s loans designated as hedges of net investments of $2.8 million.  During the quarter ended September 30, 2011, foreign currency translation adjustments included currency translation losses of $256.1 million and losses of $21.9 million on the Company’s loans designated as hedges of net investments.  During the nine months ended September 30, 2012, foreign currency translation adjustments included currency translation gains of $58.0 million and gains on the Company's loans designated as hedges of net investments of $1.3 million. During the nine months ended September 30, 2011, foreign currency translation adjustments included currency translation losses of $115.4 million and losses on the Company's loans designated as hedges as investments of $11.2 million. These foreign currency translation adjustments were offset by movements on derivative financial instruments, which are discussed in Note 10, Financial Instruments and Derivatives.

The balances included in AOCI, net of tax, in the consolidated balance sheets are as follows:

(in thousands)	September 30, 2012			December 31, 2011
Foreign currency translation adjustments	$	20,241		$	(39,078	)
Net loss on derivative financial instruments	(113,647		)	(117,390		)
Net unrealized holding gains (losses) on available-for-sale securities	29,903			(516		)
Pension liability adjustments	(32,276		)	(33,986		)
	$	(95,779	)	$	(190,970	)

10

The cumulative foreign currency translation adjustments included translation gains of $154.4 million and $96.3 million at September 30, 2012 and December 31, 2011, respectively, was offset by losses of $132.3 million and $133.5 million, respectively, on loans designated as hedges of net investments.  These foreign currency translation adjustments were partially offset by movements on derivatives financial instruments, which are discussed in Note 10, Financial Instruments and Derivatives.

NOTE 4 – EARNINGS PER COMMON SHARE

The dilutive effect of outstanding non-qualified stock options and RSU is reflected in diluted earnings per share by application of the treasury stock method. The following table sets forth the computation of basic and diluted earnings per common share for the three and nine months ended September 30, 2012 and 2011:

Basic Earnings Per Common Share Computation	Three Months Ended				Nine Months Ended
(in thousands, except per share amounts)	2012		2011		2012		2011
Net income attributable to DENTSPLY International	$	53,364	$	60,597	$	187,413	$	203,917
Common shares outstanding	141,843		141,349		141,767		141,337
Earnings per common share - basic	$	0.38	$	0.43	$	1.32	$	1.44
Diluted Earnings Per Common Share Computation
(in thousands, except per share amounts)
Net income attributable to DENTSPLY International	$	53,364	$	60,597	$	187,413	$	203,917
Common shares outstanding	141,843		141,349		141,767		141,337
Incremental shares from assumed exercise of dilutive options from stock-based compensation awards	2,041		2,046		2,118		2,241
Total shares	143,884		143,395		143,885		143,578
Earnings per common share - diluted	$	0.37	$	0.42	$	1.30	$	1.42

Options to purchase 3.8 million and 4.1 million shares of common stock that were outstanding during the three and nine months ended September 30, 2012, respectively, were not included in the computation of diluted earnings per share since the exercise prices for these options was greater than the average market price of the common shares and, therefore, the effect would be antidilutive.  There were 3.2 million and 3.5 million antidilutive shares of common stock outstanding during the three and nine months ended September 30, 2011, respectively.

NOTE 5 – BUSINESS ACQUISITIONS

On August 31, 2011, the Company acquired 100% of the outstanding common shares of Astra Tech, a leading developer, manufacturer and marketer of dental implants, customized implant abutments and consumable medical devices in the urology and surgery market segments. The acquisition was recorded in accordance with the business combinations provisions of US GAAP.  

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The following table summarizes the final fair value of identifiable assets and liabilities assumed at the date of the acquisition. This table has been updated during the first nine months of 2012 to reflect the final fair value. The final valuation change resulted in increases to identifiable intangible assets relating mostly to customer relationships and deferred tax liabilities with a decrease to goodwill. The Company determined that it was not necessary to retroactively revise prior period financial statements as the changes were not material to the Company's consolidated financial statements.

(in thousands)
Inventory	$	84,659
Other Current assets	141,261
Property, plant and equipment	178,495
Identifiable intangible assets	844,100
Goodwill	947,150
Other long-term assets	14,963
Total assets	2,210,628
Current liabilities	107,243
Long-term liabilities	312,595
Total liabilities	419,838
Net assets	$	1,790,790

Other current assets consist primarily of trade accounts receivable of $101.9 million.  Current liabilities assumed are primarily comprised of accrued and other current liabilities of $80.1 million and trade accounts payable of $27.1 million.  Long-term liabilities assumed are primarily comprised of noncurrent deferred tax liabilities of $263.3 million and pension obligations of $49.3 million.

Inventory held by Astra Tech includes a fair value adjustment of $32.8 million.  The Company expensed this amount by December 31, 2011 as the acquired inventory was sold.

The valuation of tangible assets was derived using the combination of the income approach, the market approach and the cost approach. Significant judgments used in valuing tangible assets include estimated reproduction or replacement cost, useful lives of assets, estimated selling prices, costs to complete and reasonable profit.

Property, plant and equipment includes a fair value adjustment of $28.7 million and consists of land, buildings, plant and equipment.  Depreciable lives are estimated at 40 years for buildings and range from 5 to 15 years for plant and equipment.

The fair values assigned to identifiable intangible assets were determined through the use of the income approach, specifically the relief from royalty method and the multi-period excess earnings method. Both valuation methods rely on management’s judgments, including expected future cash flows resulting from existing customer relationships, customer attrition rates, contributory effects of other assets utilized in the business, peer group cost of capital and royalty rates as well as other factors.

Useful lives for identifiable intangible assets were determined based upon the remaining useful economic lives of the identifiable intangible assets that are expected to contribute to future cash flows.  The acquired identifiable intangible assets are being amortized on a straight-line basis over their expected useful lives.

Identifiable intangible assets acquired consist of the following:

(in thousands, except for useful life)	Amount		Useful Life (in years)
Customer relationships	$	494,700	15 - 18
Developed technology and patents	116,500		10
Trade names and trademarks	229,100		Indefinite
In-process research and development	3,800		—
Total	$	844,100

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The $947.2 million of goodwill is attributable to the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired and liabilities assumed. The goodwill recognized is primarily attributable to cost savings and other synergies that the Company expects to realize through operational efficiencies.  All of the goodwill has been assigned to the Company's Implants/Endodontics/Healthcare/Pacific Rim segment and is not deductible for tax purposes.

The following unaudited pro forma financial information reflects the consolidated results of operations of the Company had the Astra Tech acquisition occurred on January 1, 2010.  These amounts were calculated after conversion to US GAAP, applying the Company’s accounting policies and adjusting Astra Tech’s results to reflect the additional depreciation and amortization that would have been charged assuming the fair value adjustments to property, plant and equipment, inventory and intangible assets had been applied from January 1, 2010, together with the consequential tax effects at the statutory rate.  These adjustments also reflect the additional interest expense incurred on the debt to finance the acquisition.

	Three Months Ended September 30,		Nine Months Ended September 30,
(in thousands, except per share data)	2011		2011
Net sales	$	707,683	$	2,184,998
Net income attributable to DENTSPLY	$	52,903	$	195,602
Diluted earnings per common share	$	0.37	$	1.36

The pro forma financial information is based on the Company's final assignment of purchase price of the fair value of identifiable assets acquired and liabilities assumed. The Astra Tech financial information has been compiled in a manner consistent with the accounting policies adopted by DENTSPLY. Pro forma results do not include any anticipated synergies or other anticipated benefits of the acquisition. Accordingly, the unaudited pro forma financial information is not necessarily indicative of either future results of operations or results that might have been achieved had the acquisition occurred on January 1, 2010.  While the Company completed other transactions during the pro forma periods presented above, these transactions were immaterial to the Company’s net sales and net income attributable to DENTSPLY.

NOTE 6 - SEGMENT INFORMATION

The Company has numerous operating businesses covering a wide range of dental and certain healthcare products and geographic regions, primarily serving the professional dental market. Professional dental products represented approximately 88% and 93% of sales for the three months ended September 30, 2012 and 2011, respectively, and 89% and 95% of sales for the nine months ended September 30, 2012 and 2011, respectively.

The operating businesses are combined into operating groups, which have overlapping product offerings, geographical presence, customer bases, distribution channels, and regulatory oversight. These operating groups are considered the Company’s reportable segments as the Company’s chief operating decision-maker regularly reviews financial results at the operating group level and uses this information to manage the Company’s operations. The accounting policies of the groups are consistent with those described in the Company’s most recently filed Form 10-K in the summary of significant accounting policies.  The Company measures segment income for reporting purposes as operating income before restructuring and other costs, interest expense, interest income, other income and expenses and income taxes.

During the first quarter of 2012, the Company realigned reporting responsibilities for multiple locations as a result of changes to the management structure. These changes also helped the Company gain operating efficiencies and effectiveness. The segment information below reflects the revised structure for all periods shown.

Dental Consumable and Laboratory Businesses

This business group includes responsibility for the design, manufacturing, sales and distribution of certain small equipment and chairside consumable products in the United States, Germany and certain other European regions.  It also has responsibility for the sales and distribution of certain Endodontic products in Germany. This business group also includes the responsibility for the design, manufacture, sales and distribution of most dental laboratory products, excluding certain countries. This business group is also responsible for most of the Company’s non-dental business excluding healthcare products.

Orthodontics/Canada/Mexico/Japan

  This business group is responsible for the world-wide manufacturing, sales and distribution of the Company’s Orthodontic

13

products. It also has responsibility for the sales and distribution of most of the Company’s dental products sold in Japan, Canada and Mexico.

Select Distribution Businesses

This business group includes responsibility for the sales and distribution for most of the Company's dental products sold in France, United Kingdom, Italy, Austria and certain other European countries, Middle Eastern countries, India and Africa.

Implants/Endodontics/Healthcare/Pacific Rim

This business group includes the responsibility for the design, manufacture, sales and distribution of most of the Company’s dental implant and related products. This business group also includes the responsibility for the design and manufacturing of Endodontic products and is responsible for the sales and distribution of the Company’s Endodontic products in the United States, Switzerland, and locations not covered by other selling divisions.  In addition, this business group is also responsible for sales and distribution of certain Endodontic products in Germany, Asia and other parts of the world. Additionally, this business group is responsible for the design and manufacture of certain dental consumables and dental laboratory products and the sales and distribution of most dental products sold in Brazil, Latin America (excluding Mexico), Australia and most of Asia (excluding India and Japan). This business group is also responsible for the world-wide design, manufacturing, sales and distribution of the Company's healthcare products (non-dental) throughout most of the world.

Significant interdependencies exist among the Company’s operations in certain geographic areas. Inter-group sales are at prices intended to provide a reasonable profit to the manufacturing unit after recovery of all manufacturing costs and to provide a reasonable profit for purchasing locations after coverage of marketing and general and administrative costs.

Generally, the Company evaluates performance of the operating groups based on the groups’ operating income, excluding restructuring and other costs, and net third party sales, excluding precious metal content.

The following tables set forth information about the Company’s operating groups for the three and nine months ended September 30, 2012 and 2011:

Third Party Net Sales

	Three Months Ended						Nine Months Ended
(in thousands)	2012			2011			2012			2011
Dental Consumable and Laboratory Businesses	$	236,473		$	245,682		$	742,190		$	722,864
Orthodontics/Canada/Mexico/Japan	81,390			71,377			240,609			245,550
Select Distribution Businesses	68,397			70,770			212,585			220,276
Implants/Endodontics/Healthcare/Pacific Rim	309,941			232,611			984,393			614,376
All Other (a)	(467		)	(681		)	(4,636		)	(3,361		)
Total	$	695,734		$	619,759		$	2,175,141		$	1,799,705

(a) Includes amounts recorded at Corporate headquarters.

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Third Party Net Sales, Excluding Precious Metal Content

	Three Months Ended						Nine Months Ended
(in thousands)	2012			2011			2012			2011
Dental Consumable and Laboratory Businesses	$	199,786		$	203,307		$	614,133		$	618,596
Orthodontics/Canada/Mexico/Japan	73,305			62,665			216,183			220,573
Select Distribution Businesses	66,644			68,648			207,930			213,627
Implants/Endodontics/Healthcare/Pacific Rim	307,853			229,812			977,617			605,312
All Other (a)	(467		)	(681		)	(4,637		)	(3,362		)
Total excluding precious metal content	647,121			563,751			2,011,226			1,654,746
Precious metal content	48,613			56,008			163,915			144,959
Total including precious metal content	$	695,734		$	619,759		$	2,175,141		$	1,799,705

(a) Includes amounts recorded at Corporate headquarters.

Inter-segment Net Sales

	Three Months Ended						Nine Months Ended
(in thousands)	2012			2011			2012			2011
Dental Consumable and Laboratory Businesses	$	55,093		$	53,637		$	167,980		$	164,643
Orthodontics/Canada/Mexico/Japan	989			972			3,221			2,909
Select Distribution Businesses	2,608			4,432			8,899			11,909
Implants/Endodontics/Healthcare/Pacific Rim	35,468			37,597			116,216			119,395
All Other (a)	52,809			51,325			163,118			158,160
Eliminations	(146,967		)	(147,963		)	(459,434		)	(457,016		)
Total	$	—		$	—		$	—		$	—

(a) Includes amounts recorded at Corporate headquarters and one distribution warehouse not managed by named segments.

Segment Operating Income

	Three Months Ended						Nine Months Ended
(in thousands)	2012			2011			2012			2011
Dental Consumable and Laboratory Businesses	$	59,721		$	54,191		$	184,486		$	171,710
Orthodontics/Canada/Mexico/Japan	5,268			(1,437		)	9,531			12,156
Select Distribution Businesses	83			1,145			(797		)	1,503
Implants/Endodontics/Healthcare/Pacific Rim	63,337			38,593			206,750			156,293
All Other (a)	(24,646		)	(26,337		)	(96,376		)	(72,423		)
Segment operating income	103,763			66,155			303,594			269,239
Reconciling Items:
Restructuring and other costs	15,097			26,353			18,862			33,849
Interest expense	14,488			16,062			44,854			27,975
Interest income	(2,342		)	(2,418		)	(6,650		)	(6,676		)
Other expense (income), net	739			7,182			1,969			8,686
Income before income taxes	$	75,781		$	18,976		$	244,559		$	205,405

(a) Includes the results of Corporate headquarters, inter-segment eliminations and one distribution warehouse not managed by named segments.

15

Assets
(in thousands)	September 30, 2012		December 31, 2011
Dental Consumable and Laboratory Businesses	$	1,032,321	$	1,180,001
Orthodontics/Canada/Mexico/Japan	297,524		328,376
Select Distribution Businesses	205,985		168,500
Implants/Endodontics/Healthcare/Pacific Rim	3,179,994		2,881,591
All Other (a)	261,598		196,930
Total	$	4,977,422	$	4,755,398

(a) Includes the assets of Corporate headquarters, inter-segment eliminations and one distribution warehouse not managed by named segments.

NOTE 7 - INVENTORIES

Inventories are stated at the lower of cost or market.  At September 30, 2012 and December 31, 2011, inventories with a cost of $8.6 million, or 2.1% and $7.1 million, or 2.1%, respectively, were determined using the last-in, first-out (“LIFO”) method. The cost of the remaining inventories was determined using the first-in, first-out (“FIFO”) or average cost methods. If the FIFO method had been used to determine the cost of LIFO inventories, the amounts at which net inventories are stated would be higher than reported at September 30, 2012 and December 31, 2011 by $5.6 million and $5.6 million, respectively.

The Company establishes reserves for inventory in order to present inventories at net realizable value.  The inventory valuation reserves were $34.7 million and $35.1 million at September 30, 2012 and December 31, 2011, respectively.

Inventories, net of inventory valuation reserves, consist of the following:

(in thousands)	September 30, 2012		December 31, 2011
Finished goods	$	259,263	$	218,814
Work-in-process	69,264		66,952
Raw materials and supplies	87,395		75,996
	$	415,922	$	361,762

NOTE 8 - BENEFIT PLANS

The following sets forth the components of net periodic benefit cost of the Company’s defined benefit plans and for the Company’s other postretirement employee benefit plans for the three and nine months endedSeptember 30, 2012 and 2011:

Defined Benefit Plans	Three Months Ended						Nine Months Ended
(in thousands)	2012			2011			2012			2011
Service cost	$	3,004		$	2,799		$	9,014		$	7,811
Interest cost	2,608			2,453			7,926			6,945
Expected return on plan assets	(1,180		)	(1,350		)	(3,594		)	(3,856		)
Amortization of prior service cost	(34		)	20			(104		)	61
Amortization of net loss	486			407			1,478			1,195
Net periodic benefit cost	$	4,884		$	4,329		$	14,720		$	12,156

16

Other Postretirement Plans	Three Months Ended				Nine Months Ended
(in thousands)	2012		2011		2012		2011
Service cost	$	18	$	16	$	55	$	48
Interest cost	117		137		352		414
Amortization of net loss	58		49		173		147
Net periodic benefit cost	$	193	$	202	$	580	$	609

The following sets forth the information related to the contributions to the Company’s benefit plans for 2012:

(in thousands)	Pension Benefits		Other Postretirement Benefits
Actual contributions through September 30, 2012	$	9,451	$	630
Projected for the remainder of the year	3,221		348
Total projected contributions	$	12,672	$	978

NOTE 9 – RESTRUCTURING AND OTHER COSTS

Restructuring Costs

During the three and nine months ended September 30, 2012, the Company recorded restructuring costs of $10.0 million and $13.4 million, respectively. During 2012, the Company initiated several restructuring plans primarily related to the integration, reorganization and closure or consolidation of certain production and selling facilities in order to better leverage the Company’s resources by minimizing costs and obtaining operational efficiencies. During the three and nine months ended September 30, 2011, the Company recorded restructuring costs of $0.8 million and $1.5 million, respectively, related to employee severance costs.  These costs are recorded in “Restructuring and other costs” in the consolidated statements of operations and the associated liabilities are recorded in "Accrued liabilities" in the consolidated balance sheets.

At September 30, 2012, the Company’s restructuring accruals were as follows:

	Severance
(in thousands)	2010 and Prior Plans			2011 Plans			2012 Plans			Total
Balance at December 31, 2011	$	3,380		$	1,281		$	—		$	4,661
Provisions and adjustments	—			564			11,847			12,411
Amounts applied	(1,000		)	(982		)	(2,414		)	(4,396		)
Balance at September 30, 2012	$	2,380		$	863		$	9,433		$	12,676

	Lease/Contract Terminations
(in thousands)	2010 and Prior Plans			2012 Plans			Total
Balance at December 31, 2011	$	1,011		$	—		$	1,011
Provisions and adjustments	—			296			296
Amounts applied	(189		)	(127		)	(316		)
Balance at September 30, 2012	$	822		$	169		$	991

17

	Other Restructuring Costs
(in thousands)	2010 and Prior Plans		2012 Plans			Total
Balance at December 31, 2011	$	34	$	—		$	34
Provisions and adjustments	—		728			728
Amounts applied	—		(722		)	(722		)
Balance at September 30, 2012	$	34	$	6		$	40

The following table provides the year-to-date changes in the restructuring accruals by segment:

(in thousands)	December 31, 2011		Provisions and Adjustments		Amounts Applied			September 30, 2012
Dental Consumable and Laboratory Businesses	$	3,601	$	8,938	$	(1,389	)	$	11,150
Orthodontics/Canada/Mexico/Japan	240		1,118		(951		)	407
Implants/Endodontics/Healthcare/Pacific Rim	1,865		3,379		(3,094		)	2,150
	$	5,706	$	13,435	$	(5,434	)	$	13,707

Other Costs

Other costs for the three and nine months ended September 30, 2012, were $5.1 million and $5.5 million, respectively. The other costs included impairments of certain previously acquired technologies, the impact of the U.S. presidential executive order updating trade sanctions and settlement of legal matters. On October 9, 2012, President Obama issued an executive order making it illegal for non-U.S. subsidiaries of U.S. companies to engage in certain transactions involving Iran without a license.  The Company has reserved appropriate allowances against accounts receivable of its controlled foreign subsidiaries and have discontinued such sales.  There can be no assurance as to when such sales may be resumed to this region. During the three and nine months ended September 30, 2011, the Company recorded other costs of $25.5 million and $32.3 million, respectively, which were related to the Astra Tech acquisition, legal settlement costs and impairments of certain previously acquired technology.

NOTE 10 – FINANCIAL INSTRUMENTS AND DERIVATIVES

Derivative Instruments and Hedging Activities

The Company's activities expose it to a variety of market risks, which primarily include the risks related to the effects of changes in foreign currency exchange rates, interest rates and commodity prices. These financial exposures are monitored and managed by the Company as part of its overall risk management program. The objective of this risk management program is to reduce the volatility that these market risks may have on the Company's operating results and equity. The Company employs derivative financial instruments to hedge certain anticipated transactions, firm commitments, or assets and liabilities denominated in foreign currencies. Additionally, the Company utilizes interest rate swaps to convert variable rate debt to fixed rate debt and to convert fixed rate debt to variable rate debt, cross currency basis swaps to convert debt denominated in one currency to another currency and commodity swaps to fix certain variable raw material costs.

Derivative Instruments Not Designated as Hedging

The Company enters into derivative financial instruments to hedge the foreign exchange revaluation risk associated with recorded assets and liabilities that are denominated in a non-functional currency. The gains and losses on these derivative transactions offset the gains and losses generated by the revaluation of the underlying non-functional currency balances and are recorded in “Other expense (income), net” on the consolidated statements of operations. The Company primarily uses forward foreign exchange contracts and cross currency basis swaps to hedge these risks. The Company's significant contracts outstanding as of September 30, 2012 are summarized in the tables that follow.

The Company wrote DIO equity option contracts ("equity options") to the original sellers of the DIO investment for the remaining DIO common shares held by the sellers. The equity options provide the sellers the ability to require the Company to purchase their remaining shares on hand at a price based on an agreed-upon formula at specific time frames in the future. The sellers are also allowed to sell their remaining shares on the open market. Changes in the fair value of the equity options are reported in “Other expense (income), net” on the consolidated statements of operations. This derivative is further discussed in Note 11, Fair Value Measurement.

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Cash Flow Hedges

Foreign Exchange Risk Management

The Company uses a layered hedging program to hedge select anticipated foreign currency cash flows to reduce volatility in both cash flows and reported earnings of the consolidated Company. The Company accounts for the foreign exchange forward contracts as cash flow hedges. As a result, the Company records the fair value of the contracts primarily through AOCI based on the tested effectiveness of the foreign exchange forward contracts. The Company measures the effectiveness of cash flow hedges of anticipated transactions on a spot-to-spot basis rather than on a forward-to-forward basis. Accordingly, the spot-to-spot change in the derivative fair value will be deferred in AOCI and released and recorded on the consolidated statements of operations in the same period that the hedged transaction is recorded. The time value component of the fair value of the derivative is deemed ineffective and is reported currently in “Other expense (income), net” on the consolidated statements of operations in the period which it is applicable. Any cash flows associated with these instruments are included in cash from operations in accordance with the Company's policy of classifying the cash flows from these instruments in the same category as the cash flows from the items being hedged.

These foreign exchange forward contracts generally have maturities up to eighteen months and the counterparties to the transactions are typically large international financial institutions. The Company's significant contracts outstanding as of September 30, 2012 are summarized in the tables that follow.

Interest Rate Risk Management

The Company uses interest rate swaps to convert a portion of its variable interest rate debt to fixed interest rate debt. As of September 30, 2012, the Company has two groups of significant interest rate swaps. One of the groups of swaps has notional amounts totaling 12.6 billion Japanese yen, and effectively converts the underlying variable interest rates to an average fixed interest rate of 0.2% for a term of three years, ending in September 2014. Another swap has a notional amount of 65.0 million Swiss francs, and effectively converts the underlying variable interest rates to a fixed interest rate of 0.7% for a term of five years, ending in September 2016.

The Company enters into interest rate swap contracts infrequently as they are only used to manage interest rate risk on long-term debt instruments and not for speculative purposes. The Company's significant contracts outstanding as of September 30, 2012 are summarized in the tables that follow.

Commodity Risk Management

The Company selectively enters into commodity swaps to effectively fix certain variable raw material costs. These swaps are used purely to stabilize the cost of components used in the production of certain of the Company's products. The Company generally accounts for the commodity swaps as cash flow hedges. As a result, the Company records the fair value of the contracts primarily through AOCI based on the tested effectiveness of the commodity swaps. The Company measures the effectiveness of cash flow hedges of anticipated transactions on a spot-to-spot basis rather than on a forward-to-forward basis. Accordingly, the spot-to-spot change in the derivative fair value will be deferred in AOCI and released and recorded on the consolidated statements of operations in the same period that the hedged transaction is recorded. The time value component of the fair value of the derivative is deemed ineffective and is reported currently in “Interest expense” on the consolidated statements of operations in the period which it is applicable. Any cash flows associated with these instruments are included in cash from operations in accordance with the Company's policy of classifying the cash flows from these instruments in the same category as the cash flows from the items being hedged.

At September 30, 2012, the Company had swaps in place to purchase 550 troy ounces of platinum bullion for use in production at an average fixed rate of $1,466 per troy ounce.  In addition, the Company had swaps in place to purchase 48,170 troy ounces of silver bullion for use in production at an average fixed rate of $28 per troy ounce.

19

The following tables summarize the notional amounts and fair value of the Company's cash flow hedges and non-designated derivatives at September 30, 2012:

Foreign Exchange Forward Contracts	Notional Amounts Maturing in the Year									Fair Value Net Asset (Liability)
(in thousands)	2012			2013			2014			September 30, 2012
Forward sale, 10.5 million Australian dollars	$	4,293		$	5,410		$	754		$	(229	)
Forward purchase, 6.6 million British pounds	(10,404		)	(199		)	—			18
Forward sale, 44.4 million Canadian dollars	13,856			26,851			4,022			(650		)
Forward purchase, 21.1 million Danish kroner	(3,646		)	—			—			(33		)
Forward sale, 238.0 million euros	141,636			142,656			22,067			(3,205		)
Forward purchase, 0.1 billion Japanese yen	11,742			(11,768		)	(1,744		)	170
Forward sale, 162.6 million Mexican pesos	12,643			—			—			(229		)
Forward purchase, 2.3 million Norwegian kroner	(399		)	—			—			2
Forward sale, 3.9 million Polish zlotys	1,231			—			—			2
Forward sale, 2.9 million Singapore dollars	2,391			—			—			(13		)
Forward sale, 5.5 billion South Korean won	4,947			—			—			(49		)
Forward purchase, 1.0 billion Swedish kronor	(43,974		)	(86,327		)	(12,911		)	6,055
Forward purchase, 38.4 million Swiss francs	(67,306		)	23,753			3,403			838
Forward sale, 32.6 million Taiwanese dollars	1,113			—			—			(8		)
Total foreign exchange forward contracts	$	68,123		$	100,376		$	15,591		$	2,669

Interest Rate Swaps	Notional Amounts Maturing in the Year										Fair Value Net Asset (Liability)
(in thousands)	2012		2013		2014		2015		2016 and Beyond		September 30, 2012
Euro	$	303	$	1,214	$	928	$	928	$	2,088	$	(554	)
Japanese yen	—		—		160,981		—		—		148
Swiss francs	—		—		—		—		69,134		(1,405		)
Total interest rate swaps	$	303	$	1,214	$	161,909	$	928	$	71,222	$	(1,811	)

Commodity Swap Contracts	Notional Amounts Maturing in the Year				Fair Value Net  Asset (Liability)
(in thousands)	2012		2013		September 30, 2012
Silver swap - U.S. dollar	$	955	$	719	$	312
Platinum swap - U.S. dollar	546		374		112
Total commodity swap contracts	$	1,501	$	1,093	$	424

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Cross Currency Basis Swap	Notional Amounts Maturing in the Year		Fair Value Net Asset (Liability)
(in thousands)	2014		September 30, 2012
Euro 449.8 million @ $1.45  pay USD 3 mth. LIBOR receive EUR 3 mth. EURIBOR	$	578,083	$	(71,067	)
Total cross currency basis swap	$	578,083	$	(71,067	)

At September 30, 2012, deferred net gains on derivative instruments of $3.6 million, which were recorded in AOCI, are expected to be reclassified to current earnings during the next twelve months. This reclassification is primarily due to the sale of inventory that includes hedged purchases and recognized interest expense on interest rate swaps. The maximum term over which the Company is hedging exposures to variability of cash flows (for all forecasted transactions, excluding interest payments on variable interest rate debt) is eighteen months. Overall, the derivatives designated as cash flow hedges are highly effective. Any cash flows associated with these instruments are included in cash from operations in accordance with the Company's policy of classifying the cash flows from these instruments in the same category as the cash flows from the items being hedged.

Hedges of Net Investments in Foreign Operations

The Company has numerous investments in foreign subsidiaries. The net assets of these subsidiaries are exposed to volatility in currency exchange rates. Currently, the Company uses both non-derivative financial instruments, including foreign currency denominated debt held at the parent company level and derivative financial instruments to hedge some of this exposure. Translation gains and losses related to the net assets of the foreign subsidiaries are offset by gains and losses in the non-derivative and derivative financial instruments designated as hedges of net investments, which are included in AOCI.

At September 30, 2012 and December 31, 2011, the Company had Swiss franc-denominated and Japanese yen-denominated debt and cross currency basis swaps denominated in euro and Swiss franc to hedge the currency exposure related to a designated portion of the net assets of its European, Swiss and Japanese subsidiaries. The fair value of the cross currency interest rate swap agreements is the estimated amount the Company would (pay) receive at the reporting date, taking into account the effective interest rates and foreign exchange rates. At September 30, 2012 and December 31, 2011, the estimated net fair values of the cross currency interest rate swap agreements was a liability of $92.5 million and a liability of $111.9 million, respectively, which are recorded in AOCI, net of tax effects. At September 30, 2012 and December 31, 2011, the accumulated translation gain (loss) on investments in foreign subsidiaries, primarily denominated in euros, Swiss francs, Japanese yen and Swedish krona, net of these net investment hedges, were $81.1 million in losses and $143.7 million in losses, respectively, which were included in AOCI, net of tax effects.

The following tables summarize the notional amounts and fair value of the Company's cross currency basis swaps that are designated as hedges of net investments in foreign operations at September 30, 2012:

Cross Currency Basis Swaps	Notional Amounts Maturing in the Year							Fair Value Net Asset (Liability)
(in thousands)		2013		2014		2015		September 30, 2012
Swiss franc 592.5 million @ 1.09 pay CHF 3 mth. LIBOR receive USD 3 mth. LIBOR		$	484,471	$	85,514	$	60,200	$	(85,201	)
Euro 618.0 million @ $1.27 pay EUR 3 mth. EURIBOR receive USD 3 mth. LIBOR		794,315		—		—		(7,264		)
Total cross currency basis swaps		$	1,278,786	$	85,514	$	60,200	$	(92,465	)

Fair Value Hedges

Effective April 4, 2011, the Company entered into a group of U.S. dollar denominated interest rate swaps with an initial total notional value of $150.0 million to effectively convert the underlying fixed interest rate of 4.1% on the Company's $250.0 million Private Placement Notes ("PPN") to variable rate for a term of five years, ending February 2016. The notional value of the swaps will decline proportionately as portions of the PPN mature. These interest rate swaps are designated as fair value hedges of the interest rate risk associated with the hedged portion of the fixed rate PPN. Accordingly, the Company will carry the portion of the hedged debt at fair value, with the change in debt and swaps offsetting each other in the income statement. At September 30,

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2012, the estimated net fair value of these interest rate swaps was an asset of $5.1 million.

The following tables summarize the notional amounts and fair value of the Company's fair value hedges at September 30, 2012:

Interest Rate Swap	Notional Amounts Maturing in the Year						Fair Value Net Asset (Liability)
(in thousands)	2014		2015		2016 and Beyond		September 30, 2012
U.S. dollars	$	45,000	$	60,000	$	45,000	$	5,070
Total interest rate swap	$	45,000	$	60,000	$	45,000	$	5,070

The following tables summarize the fair value and consolidated balance sheet location of the Company's derivatives at September 30, 2012 and December 31, 2011:

	September 30, 2012
(in thousands)	Prepaid Expenses and Other Current Assets		Other Noncurrent Assets, Net		Accrued Liabilities		Other Noncurrent Liabilities
Designated as Hedges
Foreign exchange forward contracts	$	4,983	$	788	$	1,169	$	477
Commodity contracts	424		—		—		—
Interest rate swaps	2,591		3,125		—		1,903
Cross currency basis swaps	—		23,044		87,556		27,953
Total	$	7,998	$	26,957	$	88,725	$	30,333
Not Designated as Hedges
Foreign exchange forward contracts	$	3,107	$	—	$	4,563	$	—
DIO equity option contracts	—		—		—		191
Interest rate swaps	—		—		114		440
Cross currency basis swaps	—		—		—		71,067
Total	$	3,107	$	—	$	4,677	$	71,698

	December 31, 2011
(in thousands)	Prepaid Expenses and Other Current Assets		Other Noncurrent Assets, Net		Accrued Liabilities		Other Noncurrent Liabilities
Designated as Hedges
Foreign exchange forward contracts	$	5,464	$	896	$	641	$	107
Commodity contracts	—		15		257		2
Interest rate swaps	2,539		3,160		—		1,050
Cross currency basis swaps	—		19,838		13,790		117,974
Total	$	8,003	$	23,909	$	14,688	$	119,133
Not Designated as Hedges
Foreign exchange forward contracts	$	1,943	$	—	$	3,150	$	—
DIO equity option contracts	—		—		—		419
Interest rate swaps	—		—		105		476
Cross currency basis swaps	—		—		—		67,690
Total	$	1,943	$	—	$	3,255	$	68,585

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The following tables summarize the statements of operations impact of the Company's cash flow hedges for the three and nine months ended September 30, 2012 and 2011:

Three Months Ended September 30, 2012
Derivatives in Cash Flow Hedging
(in thousands)	Gain (Loss) in AOCI			Classification of Gains (Losses)	Effective Portion Reclassified from AOCI into Income
Interest rate contracts	$	(448	)	Interest expense	$	(899	)
Foreign exchange forward contracts	1,603			Cost of products sold	1,976
Foreign exchange forward contracts	(47		)	SG&A expenses	264
Commodity contracts	572			Cost of products sold	40
Total	$	1,680			$	1,381

Derivatives in Cash Flow Hedging
	Classification of Gains (Losses)	Ineffective portion Recognized in Income
(in thousands)
Foreign exchange forward contracts	Other expense (income), net	$	114
Commodity contracts	Interest expense	(14		)
Total		$	100

Three Months Ended September 30, 2011
Derivatives in Cash Flow Hedging
(in thousands)	Gain (Loss) in AOCI			Classification of Gains (Losses)	Effective Portion Reclassified from AOCI into Income
Interest rate swaps	$	(38,639	)	Interest expense	$	(1,415	)
Foreign exchange forward contracts	3,106			Cost of products sold	451
Foreign exchange forward contracts	501			SG&A expenses	(51		)
Commodity contracts	(98		)	Cost of products sold	11
Total	$	(35,130	)		$	(1,004	)

Derivatives in Cash Flow Hedging
(in thousands)	Classification of Gains (Losses)	Ineffective Portion Recognized in Income
Interest rate swaps	Other expense (income), net	$	(6,318	)
Foreign exchange forward contracts	Other expense (income), net	(351		)
Commodity contracts	Interest expense	3
Total		$	(6,666	)

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Nine Months Ended September 30, 2012
Derivatives in Cash Flow Hedging
(in thousands)	Gain (Loss) in AOCI			Classification of Gains (Losses)	Effective Portion Reclassified from AOCI into Income
Interest rate swaps	$	(1,848	)	Interest expense	$	(2,701	)
Foreign exchange forward contracts	4,955			Cost of products sold	4,968
Foreign exchange forward contracts	255			SG&A expenses	721
Commodity contracts	829			Cost of products sold	90
Total	$	4,191			$	3,078

Derivatives in Cash Flow Hedging
(in thousands)	Classification of Gains (Losses)	Ineffective Portion Recognized in Income
Foreign exchange forward contracts	Other expense (income), net	$	592
Commodity contracts	Interest expense	(20		)
Total		$	572

Nine Months Ended September 30, 2011
Derivatives in Cash Flow Hedging
(in thousands)	Gain (Loss) in AOCI			Classification of Gains (Losses)	Effective Portion Reclassified from AOCI into Income
Interest rate swaps	$	(29,042	)	Interest expense	$	(3,984	)
Foreign exchange forward contracts	2,412			Cost of products sold	1,304
Foreign exchange forward contracts	40			SG&A expenses	(41		)
Commodity contracts	(42		)	Cost of products sold	208
Total	$	(26,632	)		$	(2,513	)

Derivatives in Cash Flow Hedging
(in thousands)	Classification of Gains (Losses)	Ineffective Portion Recognized in Income
Interest rate swaps	Other expense (income), net	$	(6,151	)
Foreign exchange forward contracts	Interest expense	(403		)
Foreign exchange forward contracts	Other expense (income), net	(538		)
Commodity contracts	Interest expense	2
Total		$	(7,090	)

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The following tables summarize the statements of operations impact of the Company's hedges of net investments for the three and nine months ended September 30, 2012 and 2011:

Three Months Ended September 30, 2012
Derivatives in Net Investment Hedging
(in thousands)	Gain (Loss) in AOCI			Classification of Gains (Losses)	Gain (Loss) Recognized in Income
Cross currency basis swaps	$	(18,055	)	Interest income	$	1,167
				Interest expense	(182		)
Total	$	(18,055	)		$	985

Three Months Ended September 30, 2011
Derivatives in Net Investment Hedging
(in thousands)	Gain (Loss) in AOCI		Classification of Gains (Losses)	Gain (Loss) Recognized in Income
Cross currency basis swaps	$	87,695	Interest income	$	177
			Interest expense	(1,592		)
Total	$	87,695		$	(1,415	)

Nine Months Ended September 30, 2012
Derivatives in Net Investment Hedging
(in thousands)	Gain (Loss) in AOCI		Classification of Gains (Losses)	Gain (Loss) Recognized in Income
Cross currency basis swaps	$	5,360	Interest income	$	2,800
			Interest expense	(1,800		)
Total	$	5,360		$	1,000

Nine Months Ended September 30, 2011
Derivatives in Net Investment Hedging
(in thousands)	Gain (Loss) in AOCI			Classification of Gains (Losses)	Gain (Loss) Recognized in Income
Cross currency basis swaps	$	(25,009	)	Interest income	$	546
				Interest expense	(3,883		)
Total	$	(25,009	)		$	(3,337	)

The following tables summarize the statements of operations impact of the Company's hedges of fair value for the three and nine months ended September 30, 2012 and 2011:

Derivatives in Fair Value Hedging
	Classification	Three Months Ended September 30,
(in thousands)	of Gains (Losses)	2012		2011
Interest rate swaps	Interest expense	$	789	$	3,207
Total		$	789	$	3,207

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Derivatives in Fair Value Hedging
	Classification	Nine Months Ended September 30,
(in thousands)	of Gains (Losses)	2012		2011
Interest rate swaps	Interest expense	$	2,274	$	6,651
Total		$	2,274	$	6,651

The following table summarizes the statements of operations impact of the Company's hedges not designated as hedging for the three and nine months ended September 30, 2012 and 2011:

Derivatives Not Designated as Hedging
	Classification	Three Months Ended September 30,
(in thousands)	of Gains (Losses)	2012			2011
Foreign exchange forward contracts	Other expense (income), net	$	(5,033	)	$	(503	)
DIO equity option contracts	Other expense (income), net	406			366
Interest rate swaps	Interest expense	(49		)	(189		)
Cross currency basis swaps (a)	Other expense (income), net	8,815			(46,438		)
Cross currency basis swaps	Interest expense	(540		)	—
Cross currency basis swaps	Interest income	—			328
Total		$	3,599		$	(46,436	)

Derivatives Not Designated as Hedging
	Classification	Nine Months Ended September 30,
(in thousands)	of Gains (Losses)	2012			2011
Foreign exchange forward contracts	Other expense (income), net	$	(4,727	)	$	806
DIO equity option contracts	Other expense (income), net	229			392
Interest rate swaps	Interest expense	(136		)	(137		)
Cross currency basis swaps (a)	Other expense (income), net	(3,486		)	(46,438		)
Cross currency basis swaps	Interest expense	(801		)	—
Cross currency basis swaps	Interest income	446			328
Total		$	(8,475	)	$	(45,049	)

(a) The gains and losses on these derivative transactions offset the gains and losses generated by the revaluation of the underlying intercompany loans which are recorded in “Other expense (income), net” on the consolidated statements of operations.

Amounts recorded in AOCI related to cash flow hedging instruments at:

	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands, net of tax)	2012			2011			2012			2011
Beginning balance	$	(12,157	)	$	4,329		$	(12,737	)	$	(1,468	)
Changes in fair value of derivatives	1,253			(21,734		)	3,530			(17,446		)
Reclassifications to earnings from equity	(1,381		)	1,004			(3,078		)	2,513
Total activity	(128		)	(20,730		)	452			(14,933		)
Ending balance	$	(12,285	)	$	(16,401	)	$	(12,285	)	$	(16,401	)

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Amounts recorded in AOCI related to hedges of net investments in foreign operations at:

	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands, net of tax)	2012			2011			2012			2011
Beginning balance	$	(173,764	)	$	123,042		$	(143,730	)	$	45,417
Foreign currency translation adjustment	106,541			(271,029		)	58,068			(118,532		)
Changes in fair value of:
Foreign currency debt	(2,811		)	(5,517		)	1,251			(11,189		)
Derivative hedge instruments	(11,086		)	55,356			3,291			(13,844		)
Total activity	92,644			(221,190		)	62,610			(143,565		)
Ending balance	$	(81,120	)	$	(98,148	)	$	(81,120	)	$	(98,148	)

NOTE 11 – FAIR VALUE MEASUREMENT

The Company records financial instruments at fair value with unrealized gains and losses related to certain financial instruments reflected in AOCI on the consolidated balance sheets.  In addition, the Company recognizes certain liabilities at fair value.  The Company applies the market approach for recurring fair value measurements.  Accordingly, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs.

The fair value of financial instruments is determined by reference to various market data and other valuation techniques as appropriate. The Company believes the carrying amounts of cash and cash equivalents, accounts receivable (net of allowance for doubtful accounts), prepaid expenses and other current assets, accounts payable, accrued liabilities, income taxes payable and notes payable approximate fair value due to the short-term nature of these instruments.  The Company estimated the fair value and carrying value of total long-term debt, including the current portion, was $1,523.9 million and $1,488.3 million, respectively, at September 30, 2012.   At December 31, 2011, the Company estimated the fair value and carrying value, including the current portion, was $1,512.5 million and $1,491.4 million respectively.  The interest rate on the $450.0 million Senior Notes, the $300.0 million Senior Notes, and the $250.0 million PPN are fixed rates of 4.1%, 2.8% and 4.1%, respectively, and their fair value is based on the interest rates as of September 30, 2012. The interest rates on variable rate term loan debt and commercial paper are consistent with current market conditions, therefore the fair value of these instruments approximates their carrying values.

The following tables set forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis at September 30, 2012 and December 31, 2011, which are classified as “Cash and cash equivalents,” “Prepaid expenses and other current assets,” “Other noncurrent assets, net,” “Accrued liabilities,” and “Other noncurrent liabilities” in the consolidated balance sheets.  Financial assets and liabilities that are recorded at fair value as of the balance sheet date are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

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	September 30, 2012
(in thousands)	Total		Level 1		Level 2		Level 3
Assets
Interest rate swaps	$	5,716	$	—	$	5,716	$	—
Commodity contracts	424		—		424		—
Cross currency basis swaps	23,044		—		23,044		—
Foreign exchange forward contracts	8,878		—		8,878		—
Corporate convertible bonds	91,171		—		—		91,171
Total assets	$	129,233	$	—	$	38,062	$	91,171
Liabilities
Interest rate swaps	$	2,457	$	—	$	2,457	$	—
Cross currency basis swaps	186,576		—		186,576		—
Foreign exchange forward contracts	6,209		—		6,209		—
Long term debt	155,131		—		155,131		—
DIO equity option contracts	191		—		—		191
Total liabilities	$	350,564	$	—	$	350,373	$	191

	December 31, 2011
(in thousands)	Total		Level 1		Level 2		Level 3
Assets
Money market funds	$	10,516	$	10,516	$	—	$	—
Interest rate swaps	5,699		—		5,699		—
Commodity contracts	15		—		15		—
Cross currency basis swaps	19,838		—		19,838		—
Foreign exchange forward contracts	8,303		—		8,303		—
Corporate convertible bonds	47,850		—		—		47,850
Total assets	$	92,221	$	10,516	$	33,855	$	47,850
Liabilities
Interest rate swaps	$	1,631	$	—	$	1,631	$	—
Commodity contracts	259		—		259		—
Cross currency basis swaps	199,454		—		199,454		—
Foreign exchange forward contracts	3,898		—		3,898		—
Long term debt	154,512		—		154,512		—
Contingent considerations on acquisitions	2,917		—		—		2,917
DIO equity option contracts	419		—		—		419
Total liabilities	$	363,090	$	—	$	359,754	$	3,336

Derivative valuations are based on observable inputs to the valuation model including interest rates, foreign currency exchange rates, future commodities prices and credit risks.  The commodity contracts, certain interest rate swaps and foreign exchange forward contracts are considered cash flow hedges and certain cross currency interest rate swaps are considered hedges of net investments in foreign operations as discussed in Note 10, Financial Instruments and Derivatives.

The Company uses the income method valuation technique to estimate the fair value of the DIO corporate bonds.  The significant unobservable inputs for valuing the corporate bonds are DIO Corporation’s stock volatility factor of approximately 40% and corporate bond rating which implies an approximately 15% discount rate on the valuation model.  Significant observable inputs used to value the corporate bonds include foreign exchange rates and DIO Corporation’s period-ending market stock price.

The Company has valued the DIO equity option contracts using a Monte Carlo simulation which uses several estimates and

28

probability assumptions by management including the future stock price, the stock price as a multiple of DIO earnings and the probability of the sellers to reduce their shares held by selling into the open market.  The fair value of equity option contracts are reported in “Other noncurrent liabilities,” on the consolidated balance sheets and changes in the fair value are reported in “Other expense (income), net” in the consolidated statements of operations.

Certain purchase agreements for acquisitions completed after January 1, 2009 contain provisions where the seller could receive additional consideration based on the future operating performance of the acquired business.  In accordance with US GAAP, the Company has recorded the fair value of these additional payments on the acquisition date. The fair value was based on a probability-weighted average payout discounted using a market rate of approximately 5%.  The fair value is subject to management’s estimates at the time of the acquisition and is based upon Level 3 inputs.  The fair values of these additional payments are reported in “Other noncurrent liabilities,” in the consolidated balance sheets. 

The following table presents a reconciliation of the Company’s Level 3 holdings measured at fair value on a recurring basis using unobservable inputs:

(in thousands)	DIO Corporate Convertible Bonds			DIO Equity Options Contracts			Contingent Considerations
Balance at December 31, 2011	$	47,850		$	(424	)	$	2,917
Payments, gross	—			—			(2,493		)
Adjustments:
Reported in selling, general and administrative expense	—			—			(412		)
Unrealized gain:
Reported in AOCI	43,871			—			—
Unrealized loss:
Reported in other expense (income), net	—			229			—
Effects of exchange rate changes	(550		)	2			(12		)
Balance at September 30, 2012	$	91,171		$	(193	)	$	—

For the nine months ended September 30, 2012, there were no purchases, issuances or transfers of Level 3 financial instruments. The Company paid $2.5 million of contingent considerations during the nine months ended September 30, 2012.

NOTE 12 – INCOME TAXES

Uncertainties in Income Taxes

The Company recognizes in the consolidated financial statements, the impact of a tax position, if that position is more likely than not of being sustained on audit, based on the technical merits of the position.

It is reasonably possible that certain amounts of unrecognized tax benefits will significantly increase or decrease within twelve months of the reporting date of the Company’s consolidated financial statements. Final settlement and resolution of outstanding tax matters in various jurisdictions during the next twelve months could include unrecognized tax benefits of approximately $1.3 million.  In addition, expiration of statutes of limitation in various jurisdictions during the next twelve months could include unrecognized tax benefits of approximately $0.3 million.

Other Tax Matters

During the third quarter of 2011, and in conjunction with the Company's acquisition of Astra Tech, there was a return to profitability of a loss generating subsidiary. Accordingly, the Company recorded a tax benefit from the release of a valuation allowance on previously unrecognized tax loss carryforwards of approximately $47.7 million.

NOTE 13 - FINANCING ARRANGEMENTS

The Company let expire its 364-day $250.0 million revolving credit agreement which matured August 29, 2012, as the Company believes it has adequate liquidity. There were no outstanding borrowings under this facility.

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NOTE 14 - GOODWILL AND INTANGIBLE ASSETS

A reconciliation of changes in the Company’s goodwill is as follows:

(in thousands)	Dental Consumable and Laboratory Businesses		Orthodontics/Canada/Mexico/Japan		Select Distribution Businesses			Implants/Endodontics/Healthcare/Pacific Rim			Total
Balance at December 31, 2011	$	484,779	$	102,950	$	108,566		$	1,493,768		$	2,190,063
Adjustment of provisional amounts on prior acquisition	—		—		—			(122,130		)	(122,130		)
Business unit transfer	—		—		(336		)	336			—
Effects of exchange rate changes	3,278		776		(5,627		)	141,053			139,480
Balance at September 30, 2012	$	488,057	$	103,726	$	102,603		$	1,513,027		$	2,207,413

Identifiable definite-lived and indefinite-lived intangible assets consist of the following:

	September 30, 2012							December 31, 2011
(in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Patents	$	152,268	$	(42,887	)	$	109,381	$	131,252	$	(17,393	)	$	113,859
Trademarks	70,678		(26,517		)	44,161		73,413		(23,885		)	49,528
Licensing agreements	30,507		(18,511		)	11,996		30,444		(17,277		)	13,167
Customer relationships	592,742		(143,687		)	449,055		411,626		(19,066		)	392,560
Total definite-lived	$	846,195	$	(231,602	)	$	614,593	$	646,735	$	(77,621	)	$	569,114
Trademarks and In-process R&D	$	227,158	$	—		$	227,158	$	221,986	$	—		$	221,986
Total identifiable intangible assets	$	1,073,353	$	(231,602	)	$	841,751	$	868,721	$	(77,621	)	$	791,100

NOTE 15 - COMMITMENTS AND CONTINGENCIES

Litigation

On June 18, 2004, Marvin Weinstat, DDS and Richard Nathan, DDS filed a class action suit in San Francisco County, California alleging that the Company misrepresented that its Cavitron® ultrasonic scalers are suitable for use in oral surgical procedures. The Complaint seeks a recall of the product and refund of its purchase price to dentists who have purchased it for use in oral surgery. The Court certified the case as a class action in June 2006 with respect to the breach of warranty and unfair business practices claims. The class that was certified is defined as California dental professionals who, at any time during the period beginning June 18, 2000 through September 14, 2012, purchased and used one or more Cavitron® ultrasonic scalers for the performance of oral surgical procedures on their patients, which Cavitrons® were accompanied at sale by Directions for Use that “Indicated” Cavitron® use for “periodontal debridement for all types of periodontal disease.” The case is pending in the San Francisco County Court. A Class Notice was mailed beginning September 14, 2012.

On December 12, 2006, a Complaint was filed by Carole Hildebrand, DDS and Robert Jaffin, DDS in the Eastern District of Pennsylvania (the Plaintiffs subsequently added Dr. Mitchell Goldman as a named class representative).  The case was filed by

30

the same law firm that filed the Weinstat case in California.  The Complaint asserts putative class action claims on behalf of dentists located in New Jersey and Pennsylvania. The Complaint seeks damages and asserts that the Company's Cavitron® ultrasonic scaler was negligently designed and sold in breach of contract and warranty arising from misrepresentations about the potential uses of the product because it cannot assure the delivery of potable or sterile water. Following dismissal of the case for lack of jurisdiction, the plaintiffs filed a second complaint under the name of Dr. Hildebrand's corporate practice. The Company's motion to dismiss this new complaint was denied and the case will now proceed under the name “Center City Periodontists.”

The Company does not believe a loss is probable related to the above litigation. Further a reasonable estimate of a possible range of loss cannot be made.   In the event that one or more of these matters is unfavorably resolved, it is possible the Company's results from operations could be materially impacted.

The Company has received a subpoena from the United States Attorney's Office for the Southern District of Indiana (the “USAO”) and from the Office of Foreign Assets Control of the United States Department of the Treasury (“OFAC”) requesting documents and information related to compliance with export controls and economic sanctions regulations by certain of its subsidiaries. The Company has voluntarily contacted OFAC and the Bureau of Industry and Security of the United States Department of Commerce (“BIS”), in connection with these matters as well as regarding compliance with export controls and economic sanctions regulations by certain other business units of the Company identified in connection with an ongoing internal review by the Company. The Company is cooperating fully with the USAO, OFAC and BIS with respect to these matters.

At this stage of the inquiries, the Company is unable to predict the ultimate outcome of these matters or what impact, if any, the outcome of these matters might have on the Company's consolidated financial position, results of operations or cash flows. Violations of export control or economic sanctions laws or regulations may result in a range of possible penalties; however, at this time, no claims have been made against the Company.

In addition to the matters disclosed above, the Company is, from time to time, subject to a variety of litigation and similar proceedings incidental to its business.  These legal matters primarily involve claims for damages arising out of the use of the Company's products and services and claims relating to intellectual property matters, employment matters, tax matters, commercial disputes, competition and sales and trading practices, personal injury and insurance coverage.  The Company may also become subject to lawsuits as a result of past or future acquisitions or as a result of liabilities retained from, or representations, warranties or indemnities provided in connection with, divested businesses.  Some of these lawsuits may include claims for punitive and consequential, as well as compensatory damages.  Based upon the Company's experience, current information and applicable law, it does not believe that these proceedings and claims will have a material adverse effect on its consolidated results of operations, financial position or liquidity. However, in the event of unexpected further developments, it is possible that the ultimate resolution of these matters, or other similar matters, if unfavorable, may be materially adverse to the Company's business, financial condition, results of operations or liquidity.

While the Company maintains general, products, property, workers' compensation, automobile, cargo, aviation, crime, fiduciary and directors' and officers' liability insurance up to certain limits that cover certain of these claims, this insurance may be insufficient or unavailable to cover such losses.  In addition, while the Company believes it is entitled to indemnification from third parties for some of these claims, these rights may also be insufficient or unavailable to cover such losses.

Purchase Commitments

From time to time, the Company enters into long-term inventory purchase commitments with minimum purchase requirements for raw materials and finished goods to ensure the availability of products for production and distribution.  These commitments may have a significant impact on levels of inventory maintained by the Company.

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DENTSPLY International Inc. and Subsidiaries

Item 2 - Management’s Discussion and Analysis of Financial Condition and Results of Operations

This report contains information that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Generally, the use of terms such as “may,” “could,” “expect,” “intend,” “believe,” “plan,” “estimate,” “forecast,” “project,” “anticipate,” and similar expressions identify forward-looking statements. All statements that address operating performance, events or developments that DENTSPLY International Inc. (“DENTSPLY” or the “Company”) expects or anticipates will occur in the future are forward-looking statements. Forward-looking statements are based on management's current expectations and beliefs, and are inherently susceptible to uncertainty, risks, and changes in circumstances that could cause actual results to differ materially from the Company's historical experience and our present expectations or projections. These risks and uncertainties include, but are not limited to, those described in Part I, Item 1A (“Risk Factors”) of the Company's Form 10-K for the year ended December 31, 2011 and those described from time to time in our future reports filed with the Securities and Exchange Commission. The Company undertakes no duty and has no obligation to update forward-looking statements as a result of future events or developments.

OVERVIEW

Quarter Highlights

• DENTSPLY International achieved a record third quarter of sales. For the three months ended September 30, 2012, sales grew by 12.3% on a US GAAP reported basis and grew 14.8%, excluding precious metal content. The sales growth excluding precious metal content was driven by acquisition growth of 15.4%, while internal growth added 4.7%, and currency translation was negative 5.3%. This internal growth was comprised of growth in the United States of 3.9%, while Europe reported 5.2% and rest of world had 5.1%. Internal growth excluding Orthodontics and businesses in Japan was 2.8%.

• The Company is proceeding well with its integration plans for the Astra Tech acquisition. The Company expects to continue integration activities especially within several countries throughout Europe during the remaining quarter in 2012 and throughout much of 2013. Further integration of the Implant business will allow DENTSPLY to offer a complete product line of all implant choices and solutions throughout most of the world under the DENTSPLY Implants platform.

• The Company's Orthodontics recovery plan is also proceeding well. The Company is consistently receiving product and has removed all allocation restrictions to customers. The impact on year-over-year earnings was $0.02 positive in the third quarter and a negative $0.02 per diluted share in the first nine months of 2012. The earnings impact is expected to be slightly positive on a year-over-year basis for the full year of 2012.

• The strengthening of the U.S. dollar has negatively impacted top-line sales growth and earnings per share and is expected to still have a negative impact, although to a lesser extent, for the remainder of 2012 at current exchange rates.

Company Profile

DENTSPLY International Inc. is a leading manufacturer and distributor of dental and other healthcare products.  The Company believes it is the world's largest manufacturer of professional dental products.  For over 110 years, DENTSPLY's commitment to innovation and professional collaboration has enhanced its portfolio of branded consumables and small equipment.  Headquartered in the United States, the Company has global operations with sales in more than 120 countries. The Company also has strategically located distribution centers to enable it to better serve its customers and increase its operating efficiency. While the United States and Europe are the Company's largest markets, the Company serves all major markets worldwide.

Principal Products

The Company has four main product categories: 1) Dental Consumable Products; 2) Dental Laboratory Products; 3) Dental Specialty Products; and 4) Consumable Medical Device Products.

Dental consumable products consist of dental sundries and small equipment used in dental offices by general practitioners in the treatment of patients. The Company manufactures a wide variety of different dental sundry consumable products marketed under more than one hundred brand names.  DENTSPLY’s dental sundry products within this category include dental anesthetics, prophylaxis paste, dental sealants, impression materials, restorative materials, tooth whiteners and topical fluoride.  Small equipment products in the dental consumable category consist of various durable goods used in dental offices for treatment of

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patients.  DENTSPLY’s small equipment products include high and low speed handpieces, intraoral curing light systems, dental diagnostic systems, and ultrasonic scalers and polishers.

Dental laboratory products are used in the preparation of dental appliances by dental laboratories.  DENTSPLY’s products within this category include dental prosthetics, artificial teeth, precious metal dental alloys, dental ceramics, and crown and bridge materials.  This category also includes fabricated dental appliances, computer aided design software and centralized manufacturing of frameworks. Equipment in this category includes computer aided machining ceramic systems and porcelain furnaces.

Dental specialty products are specialized treatment products used within the dental office and laboratory settings.  DENTSPLY’s products within this category include endodontic instruments and materials, implants and related products, bone grafting materials, 3D digital implantology, dental lasers and orthodontic appliances and accessories.

Consumable medical device products consist mainly of urological products including catheters, certain surgical products, medical drills and other non-medical products.

Principal Measurements

The principal measurements used by the Company in evaluating its business are: (1) internal growth by geographic region; (2) constant currency growth by geographic region; (3) operating margins of each reportable segment including product pricing and cost controls; (4) the development, introduction and contribution of innovative new products; and (5) growth through acquisition.

The Company defines “internal growth” as the increase or decrease in net sales from period to period, excluding (1) precious metal content; (2) the impact of changes in currency exchange rates; and (3) net acquisition growth. The Company defines “net acquisition growth” as the net sales for a period of twelve months following the transaction date of businesses that have been acquired, less the net sales for a period of twelve months prior to the transaction date of businesses that have been divested. The Company defines “constant currency growth” as internal growth plus net acquisition growth.

Management believes that an average internal growth rate of 4% to 6% is a long-term targeted rate for the Company. The internal growth rate may vary outside of this range based on weaker or stronger economic conditions.  Management believes the Company may operate below this range for 2012 primarily due to the economic uncertainty in Europe and impact on the global economies.  There can be no assurance that the Company’s assumptions concerning the growth rates in its markets will continue in the future.  If such rates are less than expected, the Company’s projected growth rates and results of operations may be adversely affected.

Price changes, other marketing and promotional programs offered to customers from time to time, the management of inventory levels by distributors and the implementation of strategic initiatives may impact sales and inventory levels in a given period.

The Company has always maintained a focus on minimizing costs and achieving operational efficiencies. Management continues to evaluate the consolidation of operations or functions to reduce costs. In addition, the Company remains focused on enhancing efficiency through expanded use of technology and process improvement initiatives. The Company believes that the benefits from these initiatives will improve the cost structure and help offset areas of rising costs such as energy, employee benefits and regulatory oversight and compliance.

Product innovation is a key component of the Company's overall growth strategy. New advances in technology are anticipated to have a significant influence on future products in dentistry. As a result, the Company continues to pursue research and development initiatives to support technological development, including collaborations with various research institutions and dental schools. In addition, the Company licenses and purchases technologies developed by third parties. Although the Company believes these activities will lead to new innovative dental products, they involve new technologies and there can be no assurance that commercialized products will be developed.

The Company will continue to pursue opportunities to expand the Company's product offerings through acquisitions. Although the professional dental and the consumable medical device markets in which the Company operates has experienced consolidation, it is still a fragmented industry. Management believes that there will continue to be adequate opportunities to participate as a consolidator in the industry for the foreseeable future, however it will be very focused in the near-term on the integration of recent acquisitions and associated debt reduction.

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Impact of the Natural Disaster in Japan

 The Company's Orthodontic and Japanese businesses have been negatively impacted as a result of the natural disaster that occurred in Japan in March of 2011. The Company's Orthodontic business has a key supplier located in Japan whose manufacturing was substantially curtailed as a result. The supplier is currently operating at a new location and providing consistent supply of product. As a result, the Company's sales of orthodontic products increased by 38.8% for the three months ended September 30, 2012 as compared with the three months ended September 30, 2011, resulting in a positive $0.02 impact to the period's year-over-year earnings per diluted share. Sales were down approximately 2.0% for the first nine months of 2012 as compared with the same period of 2011, resulting in a negative impact on earnings of approximately $0.02 per diluted share on a year-over-year basis.

Impact of Foreign Currencies

Due to the international nature of DENTSPLY's business, movements in foreign exchange rates may impact the consolidated statements of operations. With over 68% of the Company's sales located in regions outside the United States, the Company's consolidated net sales are impacted negatively by the strengthening or positively by the weakening of the U.S. dollar. Additionally, movements in certain foreign exchange rates may unfavorably or favorably impact the Company's results of operations, financial condition and liquidity.

RESULTS OF OPERATIONS, QUARTER ENDED SEPTEMBER 30, 2012 COMPARED TO QUARTER ENDED SEPTEMBER 30, 2011

Net Sales

Management believes that the presentation of net sales, excluding precious metal content, provides useful information to investors because a significant portion of DENTSPLY’s net sales is comprised of sales of precious metals generated through sales of the Company’s precious metal dental alloy products, which are used by third parties to construct crown and bridge materials.  Due to the fluctuations of precious metal prices and because the precious metal content of the Company’s sales is largely a pass-through to customers and has minimal effect on earnings, DENTSPLY reports net sales both with and without precious metal content to show the Company’s performance independent of precious metal price volatility and to enhance comparability of performance between periods.  The Company uses its cost of precious metal purchased as a proxy for the precious metal content of sales, as the precious metal content of sales is not separately tracked and invoiced to customers.  The Company believes that it is reasonable to use the cost of precious metal content purchased in this manner since precious metal dental alloy sale prices are typically adjusted when the prices of underlying precious metals change.

The presentation of net sales, excluding precious metal content, is considered a measure not calculated in accordance with the generally accepted accounting principles in the United States (“US GAAP”), and is therefore considered a non-US GAAP measure.  The Company provides the following reconciliation of net sales to net sales, excluding precious metal content.  The Company’s definitions and calculations of net sales, excluding precious metal content, and other operating measures derived using net sales, excluding precious metal content, may not necessarily be the same as those used by other companies.

	Three Months Ended
	September 30,
(in millions)	2012		2011		$ Change			% Change
Net sales	$	695.7	$	619.8	$	75.9		12.3	%
Less: precious metal content of sales	48.6		56.0		(7.4		)	(13.2	)%
Net sales, excluding precious metal content	$	647.1	$	563.8	$	83.3		14.8	%

Net sales, excluding precious metal content, for the three months ended September 30, 2012 was $647.1 million, an increase of 14.8% over the third quarter of 2011.  The change in net sales, excluding precious metal content, was primarily a result of the acquisition growth of $86.8 million, or 15.4%.  Foreign currency translation negatively impacted sales growth by 5.3%.   Internal growth was 4.7%. Excluding sales in the Japanese market and Orthodontic businesses, internal growth was 2.8%.

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Constant Currency and Internal Sales Growth

The following table includes growth rates for net sales, excluding precious metal content, for the three months ended September 30, 2012 compared with the three months ended September 30, 2011.

	Three Months Ended September 30, 2012
	United States		Europe		All Other Regions		Worldwide
Internal sales growth	3.9	%	5.2	%	5.1	%	4.7	%
Acquisition sales growth	9.9	%	24.9	%	7.5	%	15.4	%
Constant currency sales growth	13.8	%	30.1	%	12.6	%	20.1	%

United States

Net sales, excluding precious metal content, increased by 13.8% for the third quarter of 2012 as compared to the third quarter of 2011 on a constant currency basis, including 9.9% of acquisition growth and 3.9% of internal sales growth.  The internal growth rate was a result of growth in dental specialty and dental consumable products.

Europe

Net sales, excluding precious metal content, increased by 30.1% in the third quarter of 2012 on a constant currency basis, including 24.9% of acquisition growth and 5.2% of internal sales growth. The internal growth was driven by the increased demand for dental specialty and dental consumables products, partially offset by decreased sales of precious metal alloy products in the dental laboratory products.

All Other Regions

Net sales, excluding precious metal content, in the other regions of the world increased by 12.6% on a constant currency basis, which includes 5.1% of internal sales growth for the third quarter of 2012.  Internal growth was positive in dental specialty, dental consumables and dental laboratory products.

Gross Profit

	Three Months Ended
	September 30,
(in millions)	2012			2011			$ Change		% Change
Gross profit	$	364.1		$	297.6		$	66.5	22.3	%
Gross profit as a percentage of net sales, including precious metal content	52.3		%	48.0		%
Gross profit as a percentage of net sales, excluding precious metal content	56.3		%	52.8		%

Gross profit as a percentage of net sales, excluding precious metal content, increased by 3.5% percentage points for the three months ended September 30, 2012 compared to the same quarter of 2011.  The margin rate was primarily impacted by improved product pricing, positive foreign currency translation rates, favorable product mix, including the higher mix of endodontic products and recent acquisitions offset somewhat by negative manufacturing variances.

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Operating Expenses

	Three Months Ended
	September 30,
(in millions)	2012			2011			$ Change			% Change
Selling, general and administrative expenses (“SG&A”)	$	260.4		$	231.5		$	28.9		12.5	%
Restructuring and other costs	$	15.1		$	26.4		$	(11.3	)	NM
SG&A as a percentage of net sales, including precious metal content	37.4		%	37.4		%
SG&A as a percentage of net sales, excluding precious metal content	40.2		%	41.1		%

NM – Not meaningful

SG&A Expenses

SG&A expenses as a percentage of net sales, excluding precious metal content, decreased in the quarter ended September 30, 2012 by 0.9 percentage points when compared to the same quarter of 2011.  Decreased SG&A expenses as a percent of net sales, excluding precious metal content, over the prior year is primarily a result of savings from the integration of recent acquisitions offset by $5.2 million of amortization primarily associated with intangible assets from 2011 acquisitions. The third quarter of 2012 also includes a net benefit of $1.9 million related to acquisition activities. The third quarter of 2011 included $3.4 million of amortization expense related to acquired intangible assets and $2.2 million of expense related to contingent considerations on recent acquisitions. 

Restructuring and Other Costs

During the three months ended September 30, 2012, the Company recorded restructuring and other costs of $15.1 million.   In the same period of 2011, the Company incurred costs of $26.4 million. (See also Note 9, Restructuring and Other Costs, of the Notes to Unaudited Interim Consolidated Financial Statements).

Other Income and Expense

	Three Months Ended September 30,
(in millions)	2012		2011		Change
Net interest expense	$	12.1	$	13.6	$	(1.5	)
Other expense (income), net	0.8		7.2		(6.4		)
Net interest and other expense	$	12.9	$	20.8	$	(7.9	)

Net Interest Expense

Net interest expense for the three months ended September 30, 2012 was $1.5 million lower compared to the three months ended September 30, 2011. The decrease is a result of higher one-time financing fees in the prior year quarter to support recent acquisitions.

Other Expense (Income), Net

Other expense (income), net in the three months ended September 30, 2012 was $0.8 million, which was primarily currency transaction losses. Other expense (income), net in the three months ended September 30, 2011 was $7.2 million, including $3.8 million of expense on the ineffective portion of a Treasury Rate Lock (“T-Lock”) to hedge the then planned 10-year bond issuance, $2.9 million of expenses related to terminations of two interest rate swaps and $0.6 million of currency transaction losses.

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Income Taxes and Net Income

	Three Months Ended September 30,
(in millions, except per share data)	2012			2011		$ Change
Effective income tax rates	25.0		%	NM
Equity in net (loss) income of unconsolidated affiliated company	$	(2.5	)	$	1.6	$	(4.1	)
Net income attributable to noncontrolling interests	$	0.9		$	0.6	$	0.3
Net income attributable to DENTSPLY International	$	53.4		$	60.6	$	(7.2	)
Earnings per common share - diluted	$	0.37		$	0.42

NM – Not meaningful

Provision for Income Taxes

The Company's effective tax rate for the third quarter of 2012 was 25.0%. During the third quarter of 2011 the Company recorded a tax benefit from the release of a valuation allowance on previously unrecognized tax loss carryforwards of approximately $47.7 million.

The Company’s effective income tax rate for 2012 included the impact of amortization on purchased intangibles assets, integration and restructuring and other costs and various income tax adjustments which impacted income before income taxes and the provision for income taxes by $22.6 million and $3.8 million, respectively.  In 2011, the Company’s effective income tax rate included the impact of acquisition related activity, restructuring and other costs, amortization on purchased intangibles assets, income related to a credit risk adjustment on outstanding derivatives and various income tax adjustments which impacted income before income taxes and the provision for income taxes by $68.8 million and $61.5 million, respectively.

Equity in net (loss) income of unconsolidated affiliated company

The Company’s 17% ownership investment of DIO Corporation resulted in a loss of $2.5 million on an after-tax basis for the three months ended September 30, 2012.  The net loss of DIO includes the result of a negative fair value adjustment related to the convertible bonds issued by DIO to DENTSPLY.  The fair value adjustments related to the convertible bonds reported by DIO are primarily impacted by changes in the DIO share price.  The impact of changes in the DIO share price on the fair value adjustment for the three months ended September 30, 2012 and 2011 was an unrealized loss of approximately $2.0 million and unrealized income of $1.5 million, respectively.

Net Income attributable to DENTSPLY International

In addition to the results reported in accordance with US GAAP, the Company provides adjusted net income attributable to DENTSPLY International and adjusted earnings per diluted common share.  These adjusted amounts consist of US GAAP amounts excluding, net of tax (1) acquisition related costs, (2) restructuring and other costs, (3) amortization of purchased intangible assets, (4) Orthodontic business continuity costs, (5) income related to credit risk adjustments, (6) certain fair value adjustments at an unconsolidated affiliated company, and (7) income tax related adjustments. Adjusted earnings per diluted common share is calculated by dividing adjusted net income attributable to DENTSPLY International by diluted weighted-average common shares outstanding. Adjusted net income attributable to DENTSPLY International and adjusted earnings per diluted common share are considered measures not calculated in accordance with US GAAP, and therefore are non-US GAAP measures.  These non-US GAAP measures may differ from other companies. Income tax related adjustments may include the impact to adjust the interim effective income tax rate to the expected annual effective tax rate.

The Company believes that the presentation of adjusted net income attributable to DENTSPLY International and adjusted earnings per diluted common share provides important supplemental information to management and investors seeking to understand the Company's financial condition and results of operations.  The non-US GAAP financial information should not be considered in isolation from, or as a substitute for, measures of financial performance prepared in accordance with US GAAP.

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	Three Months Ended September 30, 2012
(in thousands, except per share amounts)	Income (Expense)			Per Diluted Common Share
Net income attributable to DENTSPLY International	$	53,364		$	0.37
Restructuring and other costs, net of tax	10,909			0.08
Amortization of purchased intangible assets, net of tax	5,159			0.04
Income tax related adjustments	4,039			0.03
Loss on fair value adjustments at an unconsolidated affiliated company, net of tax	1,687			0.01
Orthodontics business continuity costs, net of tax	70			—
Acquisition related activities, net of tax	(1,161		)	(0.01		)
Rounding	—			(0.01		)
Adjusted non-US GAAP earnings	$	74,067		$	0.51

	Three Months Ended September 30, 2011
(in thousands, except per share amounts)	Income (Expense)			Per Diluted Common Share
Net income attributable to DENTSPLY International	$	60,597		$	0.42
Acquisition related activities, net of tax	36,122			0.25
Restructuring and other costs, net of tax	9,530			0.07
Amortization of purchased intangible assets, net of tax	3,838			0.03
Orthodontics business continuity costs, net of tax	866			—
Gain on fair value adjustments at an unconsolidated affiliated company, net of tax	(1,800		)	(0.01		)
Income tax related adjustments	(42,950		)	(0.30		)
Adjusted non-US GAAP earnings	$	66,203		$	0.46

Operating Segment Results

Third Party Net Sales, Excluding Precious Metal Content

	Three Months Ended
	September 30,
(in millions)	2012		2011		$ Change			% Change
Dental Consumable and Laboratory Businesses	$	199.8	$	203.3	$	(3.5	)	(1.7	)%
Orthodontics/Canada/Mexico/Japan	$	73.3	$	62.7	$	10.6		16.9	%
Select Distribution Businesses	$	66.6	$	68.6	$	(2.0	)	(2.9	)%
Implants/Endodontics/Healthcare/Pacific Rim	$	307.9	$	229.8	$	78.1		34.0	%

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Segment Operating Income

	Three Months Ended
	September 30,
(in millions)	2012		2011			$ Change			% Change
Dental Consumable and Laboratory Businesses	$	59.7	$	54.2		$	5.5		10.1	%
Orthodontics/Canada/Mexico/Japan	$	5.3	$	(1.4	)	$	6.7		NM
Select Distribution Businesses	$	0.1	$	1.1		$	(1.0	)	NM
Implants/Endodontics/Healthcare/Pacific Rim	$	63.3	$	38.6		$	24.7		64.0	%

NM – Not meaningful

Dental Consumable and Laboratory Businesses

Net sales, excluding precious metal content, decreased $3.5 million, or 1.7%, during the three months ended September 30, 2012 compared to 2011.  On a constant currency basis, net sales, excluding precious metal content, increased 2.0%.  This increase was primarily the result of higher demand in dental consumables businesses partially offset by lower sales in the dental laboratory businesses.

Operating income increased by 10.1% during the three months ended September 30, 2012 compared to 2011 despite a negative impact of $1.0 million of unfavorable currency translation. Gross profit increased by $1.9 million including unfavorable currency translation of $4.3 million. SG&A expenses decreased by $3.6 million primarily due to the favorable impact of currency translation.

Orthodontics/Canada/Mexico/Japan

Net sales, excluding precious metal content, increased by $10.6 million, or 16.9% during the three months ended September 30, 2012 compared to 2011. On a constant currency basis, net sales, excluding precious metal content, increased 19.8% due to stronger dental specialty product sales primarily due to the relaunch of the orthodontic businesses.

Operating income increased by $6.7 million compared to the same year ago period. The same period in 2011 was impacted by Orthodontic business continuity costs of $1.3 million.

Select Distribution Businesses

Net sales, excluding precious metal content, decreased $2.0 million, or 2.9%, during the three months ended September 30, 2012 compared to 2011.  On a constant currency basis, net sales, excluding precious metal content, increased 8.7% when compared to the same period of 2011.  The growth was primarily related to increased sales of dental specialty and dental consumable products.

Operating income decreased $1.0 million during the three months ended September 30, 2012 compared to 2011.  Gross profit decreased $1.9 million, as a result of unfavorable currency translation.  SG&A expenses were $0.9 million lower during the three months ended September 30, 2012 compared to 2011, due to the results of favorable currency translation.

Implants/Endodontics/Healthcare/Pacific Rim

Net sales, excluding precious metal content, increased $78.1 million, or 34.0%, during the three months ended September 30, 2012 compared to 2011.  On a constant currency basis, net sales, excluding precious metal content, increased 39.5% primarily driven by acquisitions and strong internal growth in endodontics and Pacific Rim.

Operating income for the three months ended September 30, 2012 increased $24.7 million or 64.0%, compared to 2011. Gross profit increased $61.7 million primarily due to acquisitions, partially offset by the unfavorable impact of currency translation of $14.0 million. SG&A expenses increased $36.9 million primarily due to acquisitions partially offset by $7.3 million of favorable currency translation.

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RESULTS OF OPERATIONS, NINE MONTHS ENDED SEPEMBER 30, 2012 COMPARED TO NINE MONTHS ENDED SEPTEMBER 30, 2011

Net Sales

The following is a reconciliation of net sales to net sales, excluding precious metals content.

	Nine Months Ended
	September 30,
(in millions)	2012		2011		$ Change		% Change
Net sales	$	2,175.1	$	1,799.7	$	375.4	20.9	%
Less: precious metal content of sales	163.9		145.0		18.9		13.0	%
Net sales, excluding precious metal content	$	2,011.2	$	1,654.7	$	356.5	21.5	%

Net sales, excluding precious metal content, for the nine months ended September 30, 2012 was $2,011.2 million, an increase of 21.5% over the same period of 2011. The change in net sales, excluding precious metal content, was the result of constant currency growth of 26.1% and acquisition growth of 22.9%. The constant currency sales growth included internal growth of 3.2%. Excluding the Japanese market and the Orthodontic business, the internal growth rate was 3.7%.

Constant Currency and Internal Sales Growth

The following table includes growth rates for net sales, excluding precious metal content for the nine months ended September 30, 2012 compared with the nine months ended September 30, 2011.

	Nine Months Ended September 30, 2012
	United States		Europe		All Other Regions		Worldwide
Internal sales growth	2.8	%	2.4	%	5.2	%	3.2	%
Acquisition sales growth	13.6	%	36.9	%	12.2	%	22.9	%
Constant currency sales growth	16.4	%	39.3	%	17.4	%	26.1	%

United States

Net sales, excluding precious metal content, increased by 16.4% for the nine months ended September 30, 2012 compared to the same period of 2011 on a constant currency basis, including acquisition growth of 13.6%. The internal growth rate was 2.8%, primarily due to increases in dental laboratory and dental consumable product sales partially offset by a decrease in orthodontic product sales.

Europe

Net sales, excluding precious metal content, increased by 39.3% for the nine months ended September 30, 2012 on a constant currency basis, including acquisition growth of 36.9%. Internal growth rate was 2.4% and was primarily driven by growth in dental specialty and dental consumables products, partially offset by lower demand for precious metal alloy products in the dental laboratory products.

All Other Regions

Net sales, excluding precious metal content, in the other regions of the world increased by 17.4% on a constant currency basis, which includes 12.2% of acquisition growth. Internal growth was 5.2% driven primarily by growth in dental specialty products, with slight increases in demand for dental consumables and dental laboratory products.

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Gross Profit

	Nine Months Ended
	September 30,						$		%
(in millions)	2012			2011			Change		Change
Gross profit	$	1,164.3		$	912.5		$	251.8	27.6	%
Gross profit as a percentage of net sales, including precious metal content	53.5		%	50.7		%
Gross profit as a percentage of net sales, excluding precious metal content	57.9		%	55.1		%

Gross profit as a percentage of net sales, excluding precious metal content, increased by 2.8 percentage points for the nine months ended September 30, 2012 compared to the same period in 2011. The margin rate was primarily impacted by favorable mix associated with strong endodontic sales, recent acquisitions as well as a favorable rate impact from changes in foreign currency translation rates.

Operating Expenses

	Nine Months Ended
	September 30,						$			%
(in millions)	2012			2011			Change			Change
Selling, general and administrative expenses (“SG&A”)	$	860.7		$	643.2		$	217.5		33.8	%
Restructuring and other costs	$	18.9		$	33.8		$	(14.9	)	NM
SG&A as a percentage of net sales, including precious metal content	39.6		%	35.7		%
SG&A as a percentage of net sales, excluding precious metal content	42.8		%	38.9		%

NM – Not meaningful

SG&A Expenses

SG&A expenses as a percentage of net sales, excluding precious metal content, increased for the nine months ended September 30, 2012 by 3.9 percentage points when compared to the same period of 2011. Increased expenses as a percent of net sales, excluding precious metal content, over the prior year is primarily a result of the higher expense rate of the Astra Tech business and $25.4 million of amortization primarily associated with intangibles from 2011 acquisitions as well as additional expenses associated with key global marketing events. The for the nine months ended 2012 also included $12.1 million for expenses related to integration costs. For the nine months ended 2011 included $4.9 million of amortization expense related to acquired intangible assets. 

Restructuring and Other Costs

During the nine months ended September 30, 2012 and 2011, the Company recorded restructuring and other costs of $18.9 million and $33.8 million, respectively. (See also Note 9, Restructuring and Other Costs, of the Notes to Unaudited Interim Consolidated Financial Statements).

Other Income and Expense

	Nine Months Ended September 30,
(in millions)	2012		2011		Change
Net interest expense	$	38.2	$	21.3	$	16.9
Other expense (income), net	2.0		8.7		(6.7		)
Net interest and other expense	$	40.2	$	30.0	$	10.2

41

Net Interest Expense

Net interest expense for the nine months ended September 30, 2012 was $16.9 million higher compared to the nine months ended September 30, 2011. The increase is due to increased interest expense as a result of higher overall debt in support of recent acquisitions.

Other Expense (Income), Net

Other expense (income), net in the nine months ended September 30, 2012 was $2.0 million, including $1.7 million of currency transaction losses and $0.3 million of non-operating expenses. Other expenses (income), net in the nine months ended September 30, 2011 was $8.7 million, including $3.8 million of expense on the ineffective portion of a Treasury Rate Lock ("T-Lock") to hedge the then planned 10 year bond issuance, $2.9 million of expenses related to terminations of two interest rate swaps and $1.4 million of currency transaction losses.

Income Taxes and Net Income

	Nine Months Ended September 30,
(in millions, except per share data)	2012			2011			$ Change
Effective income tax rates	19.9		%	0.5		%
Equity in net (loss) earnings of unconsolidated affiliated company	$	(5.4	)	$	1.7		$	(7.1	)
Net income attributable to noncontrolling interests	$	3.1		$	2.1		$	1.0
Net income attributable to DENTSPLY International	$	187.4		$	203.9		$	(16.5	)
Earnings per common share - diluted	$	1.30		$	1.42

Provision for Income Taxes

The Company's effective income tax rates for the first nine months of 2012 and 2011 were 19.9% and 0.5%, respectively. During the nine months ended September 30, 2011 the Company recorded a tax benefit from the release of a valuation allowance on previously unrecognized tax loss carryforwards of approximately $47.7 million.

The Company's effective income tax rate for 2012 included the impact of amortization on purchased intangibles assets, integration and restructuring and other costs and various income tax adjustments which impacted income before income taxes and the provision for income taxes by $68.8 million and $23.8 million, respectively. The Company's effective income tax rate for 2011 included the impact of acquisition related activity, restructuring and other costs, amortization on purchased intangibles and the release of the valuation allowance and various income tax adjustments which impacted income before income taxes and the provision for income tax by $80.7 million and $64.8 million, respectively.

Equity in net (loss) income of unconsolidated affiliated company

The Company's 17% ownership investment of DIO Corporation resulted in a net loss of $5.4 million on an after-tax basis for the nine months ended September 30, 2012. The net loss of DIO includes the result of a negative fair value adjustment related to the convertible bonds issued by DIO to DENTSPLY. The fair value adjustments related to the convertible bonds reported by DIO are primarily impacted by the changing DIO share price. The impact of the changing DIO share price on the fair value adjustment and the Company's portion of DIO's net loss for the nine months ended September 30, 2012 and 2011 was a unrealized loss of approximately $5.4 million and unrealized income of $1.8 million, respectively.

Net Income attributable to DENTSPLY International

In addition to the results reported in accordance with US GAAP, the Company provides adjusted net income attributable to DENTSPLY International and adjusted earnings per diluted common share.  These adjusted amounts consist of US GAAP amounts

42

excluding, net of tax (1) acquisition related costs, (2) restructuring and other costs, (3) amortization of purchased intangible assets, (4) Orthodontic business continuity costs, (5) income related to credit risk adjustments, (6) certain fair value adjustments at an unconsolidated affiliated company, and (7) income tax related adjustments. Adjusted earnings per diluted common share is calculated by dividing adjusted net income attributable to DENTSPLY International by diluted weighted-average common shares outstanding. Adjusted net income attributable to DENTSPLY International and adjusted earnings per diluted common share are considered measures not calculated in accordance with US GAAP, and therefore are non-US GAAP measures.  These non-US GAAP measures may differ from other companies. Income tax related adjustments may include the impact to adjust the interim effective income tax rate to the expected annual effective tax rate.

The Company believes that the presentation of adjusted net income attributable to DENTSPLY International and adjusted earnings per diluted common share provides important supplemental information to management and investors seeking to understand the Company's financial condition and results of operations.  The non-US GAAP financial information should not be considered in isolation from, or as a substitute for, measures of financial performance prepared in accordance with US GAAP.

	Nine Months Ended September 30, 2012
(in thousands, except per share amounts)	Income (Expense)			Per Diluted Common Share
Net income attributable to DENTSPLY International	$	187,413		$	1.30
Amortization of purchased intangible assets, net of tax	25,148			0.17
Restructuring and other costs, net of tax	14,063			0.10
Acquisition related activities, net of tax	6,630			0.05
Loss on fair value adjustments at an unconsolidated affiliated company, net of tax	5,280			0.04
Orthodontics business continuity costs, net of tax	692			—
Income tax related adjustments	(1,375		)	(0.01		)
Adjusted non-US GAAP earnings	$	237,851		$	1.65

	Nine Months Ended September 30, 2011
(in thousands, except per share amounts)	Income (Expense)			Per Diluted Common Share
Net income attributable to DENTSPLY International	$	203,917		$	1.42
Acquisition related activities, net of tax and noncontrolling interests	42,363			0.30
Restructuring and other costs, net of tax  and noncontrolling interests	10,403			0.07
Amortization of purchased intangible assets, net of tax	6,844			0.05
Orthodontics business continuity costs, net of tax	1,308			0.01
Credit risk adjustment to outstanding derivatives, net of tax	(783		)	(0.01		)
Gain on fair value adjustments at an unconsolidated affliliated company, net of tax	(2,059		)	(0.01		)
Income tax related adjustments	(43,733		)	(0.31		)
Adjusted non-US GAAP earnings	$	218,260		$	1.52

43

Operating Segment Results

Third Party Net Sales, Excluding Precious Metal Content

	Nine Months Ended
	September 30,
(in millions)	2012		2011		$ Change			% Change
Dental Consumable and Laboratory Businesses	$	614.1	$	618.6	$	(4.5	)	(0.7	)%
Orthodontics/Canada/Mexico/Japan	$	216.2	$	220.6	$	(4.4	)	(2.0	)%
Select Distribution Businesses	$	207.9	$	213.6	$	(5.7	)	(2.7	)%
Implants/Endodontics/Healthcare/Pacific Rim	$	977.6	$	605.3	$	372.3		61.5	%

Segment Operating Income

	Nine Months Ended
	September 30,
(in millions)	2012			2011		$ Change			% Change
Dental Consumable and Laboratory Businesses	$	184.5		$	171.7	$	12.8		7.5	%
Orthodontics/Canada/Mexico/Japan	$	9.5		$	12.2	$	(2.7	)	(22.1	)%
Select Distribution Businesses	$	(0.8	)	$	1.5	$	(2.3	)	NM
Implants/Endodontics/Healthcare/Pacific Rim	$	206.8		$	156.3	$	50.5		32.3	%

NM – Not meaningful

Dental Consumable and Laboratory Businesses

Net sales, excluding precious metal content, decreased $4.5 million during the nine months ended September 30, 2012 compared to 2011. On a constant currency basis, net sales, excluding precious metal content, increased 2.7% which was primarily driven by increased demand in dental consumable products.

Operating income increased $12.8 million during the nine months ended September 30, 2012 compared to 2011. This was due to a decrease in the selling, general and administrative expenses within the segment of $9.2 million, primarily due to favorable foreign currency translation, and an increase in gross profit of $3.5 million that includes $12.0 million of unfavorable foreign currency translation.

Orthodontics/Canada/Mexico/Japan

Net sales, excluding precious metal content decreased $4.4 million during the nine months ended September 30, 2012 compared to 2011. The decrease was due to unfavorable currency translation.

Operating income decreased $2.7 million during the nine months ended September 30, 2012 compared to 2011. This was due to the impact of natural disaster in Japan as previously discussed.

Select Distribution Businesses

Net sales, excluding precious metal content, decreased $5.7 million, or 2.7%, during the nine months ended September 30, 2012 compared to 2011. On a constant currency basis, net sales, excluding precious metal content, increased 7.1% when compared to the same period in 2011 as a result of increased demand in all dental product categories.

44

Operating income decreased $2.3 million during the nine months ended September 30, 2012 compared to 2011. The decline was attributable to a lower gross profit of $5.9 million, which was the result of unfavorable currency translation. Selling, general and administrative expenses decreased $3.6 million in the same period compared to 2011 due to favorable currency translation.

Implants/Endodontics/Healthcare/Pacific Rim

Net sales, excluding precious metal content, increased $372.3 million, or 61.5%, during the nine months ended September 30, 2012 compared to 2011. On a constant currency basis, net sales, excluding precious metal content, increased 66.3% primarily driven by acquisitions.

Operating income for the nine months ended September 30, 2012 increased $50.5 million compared to 2011. Gross profit increased $266.1 million as a result of acquisitions partially offset by $37.0 million of unfavorable foreign currency translation. Selling, general and administrative expenses increased by $215.6 millionprimarily due to acquisitions, partially offset by favorable currency translation.

CRITICAL ACCOUNTING POLICIES

Except as noted below, there have been no other significant material changes to the critical accounting policies as disclosed in the Company’s Form 10-K for the year ended December 31, 2011.

The Company has a note receivable from a borrower with a carrying value of $5.6 million, recorded as a component of other noncurrent assets, where the borrower has experienced recent financial deterioration.  A significant downturn or further deterioration in the creditworthiness of the borrower may negatively affect the Company's carrying value of the note receivable.

Annual Goodwill Impairment Testing

Goodwill is not amortized; instead, it is tested for impairment annually or more frequently if indicators of impairment exist or if a decision is made to sell a business. The valuation date for annual impairment testing is April 30. A significant amount of judgment is involved in determining if an indicator of impairment has occurred. Such indicators may include a decline in expected cash flows, a significant adverse change in legal factors or in the business climate, unanticipated competition or slower growth rates, among others. It is important to note that fair values that could be realized in an actual transaction may differ from those used to evaluate the impairment of goodwill.

Goodwill is allocated among and evaluated for impairment at the reporting unit level, which is defined as an operating segment or one level below an operating segment. The Company has several reporting units contained within each operating segment.

The evaluation of impairment involves comparing the current fair value of each reporting unit to its net book value, including goodwill. The Company uses a discounted cash flow model ("DCF model") to estimate the current fair value of its reporting units when testing for impairment, as management believes forecasted operating cash flows are the best indicator of such fair value. A number of significant assumptions and estimates are involved in the application of the DCF model to forecast operating cash flows, including future sales growth, operating margin growth, benefits from restructuring initiatives, tax rates, capital spending, business initiatives, and working capital changes. These assumptions may vary significantly among the reporting units. Operating cash flow forecasts are based on approved business-unit operating plans for the early years and historical relationships and projections in later years. The weighted average cost of capital ("WACC") rate is estimated for geographic regions and applied to the reporting units located within the regions. The Company has not materially changed its methodology for goodwill impairment testing for the years presented. Due to the many variables inherent in the estimation of a reporting unit's fair value and the relative size of the Company's recorded goodwill, differences in assumptions may have a material effect on the results of the Company's impairment analysis.

The performance of the Company's 2012 annual impairment tests did not result in any impairment of the Company's goodwill. The WACC rates utilized in the 2012 analysis ranged from 8.5% to 10.5%. Excluding the Company's Healthcare reporting unit discussed below, if the fair value of each of the Company's other reporting units been hypothetically reduced by 5% at April 30, 2012 the fair value of those reporting units would still exceed their net book value. If the fair value of each of the Company's reporting units been hypothetically reduced by 10% at April 30, 2012, one reporting unit within the Implants/Endodontics/Healthcare/Pacific Rim segment would have a net book value exceeding its fair value by less than $1.0 million. Goodwill for this reporting unit totals $24.1 million. Had the WACC rate of each of the Company's reporting units been hypothetically increased by 50 basis points at April 30, 2012, the fair value of all reporting units except for the Company's Healthcare reporting unit wouldstill exceed their net book value. The Company's Healthcare reporting unit, a component of the Implants/Endodontics/Healthcare/Pacific Rim operating segment, was created as a part of the Astra Tech acquisition on August 31, 2011. At the date of acquisition,

45

the fair value of the business equaled book value with goodwill for the reporting unit totaling $279.0 million. Given the limited time since the acquisition date, the reporting unit fair value approximates the book value of the reporting unit.

Should the Company's analysis in the future indicate an increase in discount rates or a degradation in the overall markets served by these reporting units, it could result in impairment of the carrying value of goodwill to its implied fair value. There can be no assurance that the Company's future goodwill impairment testing will not result in a charge to earnings.

LIQUIDITY AND CAPITAL RESOURCES

Nine months ended September 30, 2012

Cash flow from operating activities during the nine months ended September 30, 2012 was $202.1 million compared to $254.8 million during the nine months ended September 30, 2011. Net income decreased by $15.5 million to $190.6 million in the period ended September 30, 2012. Depreciation and amortization expense for the nine months was $38.7 million higher than the prior year period. Working capital investments in inventory, accounts receivable and lower accrued liabilities net of higher income taxes payable totaled $109.6 million. On a constant currency basis, as of September 30, 2012, reported days for inventory increased by 11 days to 111days and accounts receivable increased by 6 days to 60 days, respectively, as compared to December 31, 2011, both calculations include recent acquisitions.

Investing activities during the first nine months of 2012 include capital expenditures of $64.9 million.

At September 30, 2012, the Company had authorization to maintain up to 34.0 million shares of treasury stock under the stock repurchase program as approved by the Board of Directors. Under this program, the Company purchased 1.0 million shares for $38.8 million during the first nine months of 2012 at an average price of $38.90. As of September 30, 2012, the Company held 20.8 million shares of treasury stock. The Company also received proceeds of $24.8 million as a result of the exercise of 1.0 million of stock options during the nine months ended September 30, 2012.

The Company's total borrowings decreased by a net of $117.6 million during the nine months ended September 30, 2012. This change included net reduction of $115.6 million during the first nine months and a decrease of $2.0 million due to exchange rate fluctuations on debt denominated in foreign currencies. At September 30, 2012, the Company's ratio of total debt to total capitalization was 43.3% compared to 48.4% at December 31, 2011. Also in that same period, the Company's cash and cash equivalents have decreased from $77.1 million to $56.1 million.

The Company let expire its 364 day $250.0 million revolving credit agreement which matured August 29, 2012, as management believes the Company has adequate liquidity.

Under its five-year revolving credit agreement, the Company is able to borrow up to $500.0 million through July 27, 2016. The facility is unsecured and contains certain affirmative and negative covenants relating to the operations and financial condition of the Company. The most restrictive of these covenants pertain to asset dispositions and prescribed ratios of indebtedness to total capital and operating income plus depreciation and amortization to interest expense. At September 30, 2012, the Company was in compliance with these covenants. The Company also has available an aggregate $500.0 million under a U.S. dollar commercial paper facility. The five-year revolving credit agreement serves as a back-up to the commercial paper facility, thus the total available credit under the commercial paper facility and the multi-currency revolving credit facility in the aggregate is $500.0 million. At September 30, 2012 outstanding borrowings were $151.5 million under the five-year revolving credit facility.

The Company also has access to $74.9 million in uncommitted short-term financing under lines of credit from various financial institutions. The lines of credit have no major restrictions and are provided under demand notes between the Company and the lending institutions. At September 30, 2012, the Company had $9.2 million outstanding under these short-term lines of credit. At September 30, 2012, the Company had total unused lines of credit related to the revolving credit agreement and the uncommitted short-term lines of credit of $414.2 million.

At September 30, 2012, the Company held $136.3 million of precious metals on consignment from several financial institutions. The consignment agreements allow the Company to acquire the precious metal at market rates at a point in time which is approximately the same time and for the same price as alloys are sold to the Company's customers. In the event that the financial institutions would discontinue offering these consignment arrangements, and if the Company could not obtain other comparable arrangements, the Company may be required to obtain third party financing to fund an ownership position in the required precious metal inventory levels.

46

There have been no material changes to the Company's scheduled contractual cash obligations disclosed in its Form 10-K for the year ended December 31, 2011.

At September 30, 2012, the majority of the Company's cash and cash equivalents were held outside of the United States. Foreign cash repatriation of approximately $71 million can occur without incremental taxes. However, under current law, repatriation of future foreign cash flow in excess of this amount would potentially be subject to U.S. federal income tax, less applicable foreign tax credits. Historically, the Company has generated more than sufficient operating cash flows in the United States to fund domestic operations. Further, the Company expects on an ongoing basis, to be able to finance domestic and international cash requirements, including capital expenditures, stock repurchases, debt service, operating leases and potential future acquisitions, from the funds generated from operations and amounts available under its existing credit facilities.

NEW ACCOUNTING PRONOUNCEMENTS

Refer to Part 1, Item 1, Note 1, Significant Accounting Policies, to the Unaudited Interim Consolidated Financial Statements for a discussion of recent accounting standards and pronouncements.

Item 3 - Quantitative and Qualitative Disclosures about Market Risk

There have been no significant material changes to the market risks as disclosed in the Company’s Form 10-K for the year ended December 31, 2011.

Item 4 - Controls and Procedures

Conclusion Regarding the Effectiveness of Disclosure Controls and Procedures

The Company’s management, with the participation of the Company’s Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of the Company’s disclosure controls and procedures as of the end of the period covered by this report.  Based on that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities and Exchange Act of 1934, as amended) as of the end of the period covered by this report were effective to provide reasonable assurance that the information required to be disclosed by the Company in reports filed under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that it is accumulated and communicated to management, including the Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Control Over Financial Reporting

There have been no changes in the Company’s internal controls over financial reporting that occurred during the most recent quarter to which this report relates that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

47

PART II – OTHER INFORMATION

Item 1 - Legal Proceedings

Reference to Part I, Item 1, Note 15, Commitments and Contingencies, to the Unaudited Interim Consolidated Financial Statements.

Item 1A – Risk Factors

There have been no significant material changes to the risk factors as disclosed in the Company’s Form 10-K for the year ended December 31, 2011.

Item 2 - Unregistered Sales of Securities and Use of Proceeds

At September 30, 2012, the Company had authorization to maintain up to 34.0 million shares of treasury stock under the stock repurchase program as approved by the Board of Directors.  During the quarter ended September 30, 2012, the Company had the following activity with respect to this repurchase program:

(in thousands, except per share amounts)
Period	Total Number of Shares Purchased	Average Price Paid Per Share		Total Cost of Shares Purchased		Number of Shares that May be Purchased Under the Share Repurchase Program
July 1, 2012 to July 31, 2012	—	$	—	$	—	13,029.9
August 1, 2012 to August 31, 2012	—	—		—		13,103.8
September 1, 2012 to September 30, 2012	—	—		—		13,183.2
	—	$	—	$	—

Item 4 - Submission of Matters to Vote of Security Holders

Reserved.

48

Item 6 - Exhibits

Exhibit Number	Description
31	Section 302 Certification Statements
32	Section 906 Certification Statements
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	XBRL Extension Labels Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

DENTSPLY International Inc.

/s/	Bret W. Wise	October 25, 2012
	Bret W. Wise	Date
	Chairman of the Board and
	Chief Executive Officer

/s/	William R. Jellison	October 25, 2012
	William R. Jellison	Date
	Senior Vice President and
	Chief Financial Officer

49

EX-31.1

Exhibit 31.1

Section 302 Certifications Statement

I, Bret W. Wise, certify that:

1. I have reviewed this Form 10-Q of DENTSPLY International Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: October 25, 2012

/s/	Bret W. Wise
	Bret W. Wise
	Chairman of the Board and
	Chief Executive Officer

Exhibit 31.2

Section 302 Certifications Statement

I, William R. Jellison, certify that:

1. I have reviewed this Form 10-Q of DENTSPLY International Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: October 25, 2012

/s/	William R. Jellison
	William R. Jellison
	Senior Vice President and
	Chief Financial Officer

EX-32.1

Exhibit 32

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of DENTSPLY International Inc. (the “Company”) on Form 10-Q for the period ending September 30, 2012 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), We, Bret W. Wise, Chairman of the Board of Directors and Chief Executive Officer of the Company and William R. Jellison, Senior Vice President and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of our knowledge and belief:

(1) The Report fully complies with the requirements of Sections 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company as of the date of the Report.

/s/	Bret W. Wise
	Bret W. Wise
	Chairman of the Board and
	Chief Executive Officer

/s/	William R. Jellison
	William R. Jellison
	Senior Vice President and
	Chief Financial Officer

October 25, 2012

XML

STOCK COMPENSATION Non-Qualified Stock Option Transactions (Details) (Nonqualified Stock Options Member, USD $) In Thousands, except Per Share data, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Dec. 31, 2011
Nonqualified Stock Options Member
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning balance (in shares)	10,148
Granted (in shares)	1,343
Exercised (in shares)	(1,047)
Cancelled (in shares)	(35)
Forfeitured (in shares)	(63)
Outstanding, ending balance (in shares)	10,346
Outstanding Weighted Average Exercise Price (in dollars per share)	$ 32.88	$ 31.23
Outstanding Weighted Average Exercise Price, Granted (in dollars per share)	$ 38.63
Outstanding Weighted Average Exercise Price, Exercised (in dollars per share)	$ 23.72
Outstanding Weighted Average Exercise Price, Cancelled (in dollars per share)	$ 41.84
Outstanding Weighted Average Exercise Price, Forfeited (in dollars per share)	$ 36.43
Outstanding Aggregate Intrinsic Value	$ 62,151	$ 51,402
Exercisable options (in shares)	7,546	8,049
Exercisable weighted average exercise price (in dollars per share)	$ 31.32	$ 30.06
Exercisable Aggregate Intrinsic Value	$ 58,445	$ 50,365

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SEGMENT INFORMATION Assets (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012		Dec. 31, 2011
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ 4,977,422		$ 4,755,398
Dental Consumable and Laboratrory Businesses [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	1,032,321		1,180,001
Orthodontics/Canada/Mexico/Japan [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	297,524		328,376
Select Distribution Businesses [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	205,985		168,500
Implants/Endodontics/Healthcare/Pacific Rim [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	3,179,994		2,881,591
All Other
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ 261,598	[1]	$ 196,930	[1]

[1] (a) Includes the assets of Corporate headquarters, inter-segment eliminations and one distribution warehouse not managed by named segments.

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BUSINESS ACQUISITIONS Unaudited Financial Information had the Astra Tech Acquisition Occurred (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2011
Business Acquisitions And Investments In Affiliates Abstract [Abstract]
Net sales	$ 707,683	$ 2,184,998
Net income attributable to DENTSPLY	$ 52,903	$ 195,602
Diluted earnings per common share	$ 0.37	$ 1.36

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FINANCIAL INSTRUMENTS AND DERIVATIVES Impact of the Company's Hedges Not Designated as Hedging (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended			9 Months Ended
	Sep. 30, 2012		Sep. 30, 2011	Sep. 30, 2012		Sep. 30, 2011
Derivative [Line Items]
Derivatives Not Designated as Hedging, Gains (Losses)	$ 3,599		$ (46,436)	$ (8,475)		$ (45,049)
Foreign Exchange Forward | Other Expense
Derivative [Line Items]
Derivatives Not Designated as Hedging, Gains (Losses)	(5,033)		(503)	(4,727)		806
DIO Corporation | Other Expense
Derivative [Line Items]
Derivatives Not Designated as Hedging, Gains (Losses)	406		366	229		392
Interest Rate Contract | Other Expense
Derivative [Line Items]
Derivatives Not Designated as Hedging, Gains (Losses)			(46,438)	(3,486)	[1]	(46,438)
Interest Rate Contract | Interest Expense
Derivative [Line Items]
Derivatives Not Designated as Hedging, Gains (Losses)	(49)		(189)	(136)		(137)
Interest Rate Contract | Interest Income
Derivative [Line Items]
Derivatives Not Designated as Hedging, Gains (Losses)			328	446		328
Cross Currency Interest Rate Contract [Member] | Other Expense
Derivative [Line Items]
Derivatives Not Designated as Hedging, Gains (Losses)	8,815	[1]
Cross Currency Interest Rate Contract [Member] | Interest Expense
Derivative [Line Items]
Derivatives Not Designated as Hedging, Gains (Losses)	(540)		0	(801)		0
Cross Currency Interest Rate Contract [Member] | Interest Income
Derivative [Line Items]
Derivatives Not Designated as Hedging, Gains (Losses)	$ 0

[1] (a) The gains and losses on these derivative transactions offset the gains and losses generated by the revaluation of the underlying intercompany loans which are recorded in “Other expense (income), net” on the consolidated statements of operations.

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INVENTORIES Additional Information (Detail) (USD $) In Millions, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Disclosure - Inventories, Net - Additional Information [Abstract]
LIFO inventory amount	$ 8.6	$ 7.1
Percentage of LIFO inventory	2.10%	2.10%
Inventory, LIFO reserve	5.6	5.6
Inventory valuation reserve	$ 34.7	$ 35.1

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GOODWILL AND INTANGIBLE ASSETS Identifiable Definite-Lived Intangible Assets (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 846,195	$ 646,735
Accumulated Amortization	(231,602)	(77,621)
Net Carrying Amount	614,593	569,114
Identifiable Intangible Assets Gross	1,073,353	868,721
Intangible Assets, Net (Excluding Goodwill)	841,751	791,100
Patents
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	152,268	131,252
Accumulated Amortization	(42,887)	(17,393)
Net Carrying Amount	109,381	113,859
Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	70,678	73,413
Accumulated Amortization	(26,517)	(23,885)
Net Carrying Amount	44,161	49,528
Licensing Agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	30,507	30,444
Accumulated Amortization	(18,511)	(17,277)
Net Carrying Amount	11,996	13,167
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	592,742	411,626
Accumulated Amortization	(143,687)	(19,066)
Net Carrying Amount	449,055	392,560
Trademarks
Finite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$ 227,158	$ 221,986

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BUSINESS ACQUISITIONS Aggregate Purchase Price Allocation for Acquisitions Based on Final Estimates of Fair Value (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012
Disclosure - Aggregate Purchase Price Allocation for Acquisitions Based on Final Estimates of Fair Value [Abstract]
Inventory	$ 84,659
Other Current assets	141,261
Property, plant and equipment	178,495
Identifiable intangible assets	844,100
Goodwill	947,150
Other long-term assets	14,963
Total assets	2,210,628
Current liabilities	107,243
Long-term liabilities	312,595
Total liabilities	419,838
Net assets	$ 1,790,790

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FINANCIAL INSTRUMENTS AND DERIVATIVES (Tables)

9 Months Ended

Sep. 30, 2012

Fair Value and Consolidated Balance Sheet Location of the Company's Derivatives

The following tables summarize the fair value and consolidated balance sheet location of the Company's derivatives at September 30, 2012 and December 31, 2011:

	September 30, 2012
(in thousands)	Prepaid Expenses and Other Current Assets		Other Noncurrent Assets, Net		Accrued Liabilities		Other Noncurrent Liabilities
Designated as Hedges
Foreign exchange forward contracts	$	4,983	$	788	$	1,169	$	477
Commodity contracts	424		—		—		—
Interest rate swaps	2,591		3,125		—		1,903
Cross currency basis swaps	—		23,044		87,556		27,953
Total	$	7,998	$	26,957	$	88,725	$	30,333
Not Designated as Hedges
Foreign exchange forward contracts	$	3,107	$	—	$	4,563	$	—
DIO equity option contracts	—		—		—		191
Interest rate swaps	—		—		114		440
Cross currency basis swaps	—		—		—		71,067
Total	$	3,107	$	—	$	4,677	$	71,698

	December 31, 2011
(in thousands)	Prepaid Expenses and Other Current Assets		Other Noncurrent Assets, Net		Accrued Liabilities		Other Noncurrent Liabilities
Designated as Hedges
Foreign exchange forward contracts	$	5,464	$	896	$	641	$	107
Commodity contracts	—		15		257		2
Interest rate swaps	2,539		3,160		—		1,050
Cross currency basis swaps	—		19,838		13,790		117,974
Total	$	8,003	$	23,909	$	14,688	$	119,133
Not Designated as Hedges
Foreign exchange forward contracts	$	1,943	$	—	$	3,150	$	—
DIO equity option contracts	—		—		—		419
Interest rate swaps	—		—		105		476
Cross currency basis swaps	—		—		—		67,690
Total	$	1,943	$	—	$	3,255	$	68,585

Cash Flow Hedging

Summary of Notional Amounts and Fair Value of the Company's Hedges

The following tables summarize the notional amounts and fair value of the Company's cash flow hedges and non-designated derivatives at September 30, 2012:

Foreign Exchange Forward Contracts	Notional Amounts Maturing in the Year									Fair Value Net Asset (Liability)
(in thousands)	2012			2013			2014			September 30, 2012
Forward sale, 10.5 million Australian dollars	$	4,293		$	5,410		$	754		$	(229	)
Forward purchase, 6.6 million British pounds	(10,404		)	(199		)	—			18
Forward sale, 44.4 million Canadian dollars	13,856			26,851			4,022			(650		)
Forward purchase, 21.1 million Danish kroner	(3,646		)	—			—			(33		)
Forward sale, 238.0 million euros	141,636			142,656			22,067			(3,205		)
Forward purchase, 0.1 billion Japanese yen	11,742			(11,768		)	(1,744		)	170
Forward sale, 162.6 million Mexican pesos	12,643			—			—			(229		)
Forward purchase, 2.3 million Norwegian kroner	(399		)	—			—			2
Forward sale, 3.9 million Polish zlotys	1,231			—			—			2
Forward sale, 2.9 million Singapore dollars	2,391			—			—			(13		)
Forward sale, 5.5 billion South Korean won	4,947			—			—			(49		)
Forward purchase, 1.0 billion Swedish kronor	(43,974		)	(86,327		)	(12,911		)	6,055
Forward purchase, 38.4 million Swiss francs	(67,306		)	23,753			3,403			838
Forward sale, 32.6 million Taiwanese dollars	1,113			—			—			(8		)
Total foreign exchange forward contracts	$	68,123		$	100,376		$	15,591		$	2,669

Interest Rate Swaps	Notional Amounts Maturing in the Year										Fair Value Net Asset (Liability)
(in thousands)	2012		2013		2014		2015		2016 and Beyond		September 30, 2012
Euro	$	303	$	1,214	$	928	$	928	$	2,088	$	(554	)
Japanese yen	—		—		160,981		—		—		148
Swiss francs	—		—		—		—		69,134		(1,405		)
Total interest rate swaps	$	303	$	1,214	$	161,909	$	928	$	71,222	$	(1,811	)

Commodity Swap Contracts	Notional Amounts Maturing in the Year				Fair Value Net  Asset (Liability)
(in thousands)	2012		2013		September 30, 2012
Silver swap - U.S. dollar	$	955	$	719	$	312
Platinum swap - U.S. dollar	546		374		112
Total commodity swap contracts	$	1,501	$	1,093	$	424

Cross Currency Basis Swap	Notional Amounts Maturing in the Year		Fair Value Net Asset (Liability)
(in thousands)	2014		September 30, 2012
Euro 449.8 million @ $1.45  pay USD 3 mth. LIBOR receive EUR 3 mth. EURIBOR	$	578,083	$	(71,067	)
Total cross currency basis swap	$	578,083	$	(71,067	)

Fair Value and Consolidated Balance Sheet Location of the Company's Derivatives

The following tables summarize the statements of operations impact of the Company's cash flow hedges for the three and nine months ended September 30, 2012 and 2011:

Three Months Ended September 30, 2012
Derivatives in Cash Flow Hedging
(in thousands)	Gain (Loss) in AOCI			Classification of Gains (Losses)	Effective Portion Reclassified from AOCI into Income
Interest rate contracts	$	(448	)	Interest expense	$	(899	)
Foreign exchange forward contracts	1,603			Cost of products sold	1,976
Foreign exchange forward contracts	(47		)	SG&A expenses	264
Commodity contracts	572			Cost of products sold	40
Total	$	1,680			$	1,381

Derivatives in Cash Flow Hedging
	Classification of Gains (Losses)	Ineffective portion Recognized in Income
(in thousands)
Foreign exchange forward contracts	Other expense (income), net	$	114
Commodity contracts	Interest expense	(14		)
Total		$	100

Three Months Ended September 30, 2011
Derivatives in Cash Flow Hedging
(in thousands)	Gain (Loss) in AOCI			Classification of Gains (Losses)	Effective Portion Reclassified from AOCI into Income
Interest rate swaps	$	(38,639	)	Interest expense	$	(1,415	)
Foreign exchange forward contracts	3,106			Cost of products sold	451
Foreign exchange forward contracts	501			SG&A expenses	(51		)
Commodity contracts	(98		)	Cost of products sold	11
Total	$	(35,130	)		$	(1,004	)

Derivatives in Cash Flow Hedging
(in thousands)	Classification of Gains (Losses)	Ineffective Portion Recognized in Income
Interest rate swaps	Other expense (income), net	$	(6,318	)
Foreign exchange forward contracts	Other expense (income), net	(351		)
Commodity contracts	Interest expense	3
Total		$	(6,666	)

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The following tables summarize the statements of operations impact of the Company's hedges of net investments for the three and nine months ended September 30, 2012 and 2011:

Three Months Ended September 30, 2012
Derivatives in Net Investment Hedging
(in thousands)	Gain (Loss) in AOCI			Classification of Gains (Losses)	Gain (Loss) Recognized in Income
Cross currency basis swaps	$	(18,055	)	Interest income	$	1,167
				Interest expense	(182		)
Total	$	(18,055	)		$	985

Three Months Ended September 30, 2011
Derivatives in Net Investment Hedging
(in thousands)	Gain (Loss) in AOCI		Classification of Gains (Losses)	Gain (Loss) Recognized in Income
Cross currency basis swaps	$	87,695	Interest income	$	177
			Interest expense	(1,592		)
Total	$	87,695		$	(1,415	)

Net Investment Hedging [Member]

Summary of Notional Amounts and Fair Value of the Company's Hedges

The following tables summarize the notional amounts and fair value of the Company's cross currency basis swaps that are designated as hedges of net investments in foreign operations at September 30, 2012:

Cross Currency Basis Swaps	Notional Amounts Maturing in the Year							Fair Value Net Asset (Liability)
(in thousands)		2013		2014		2015		September 30, 2012
Swiss franc 592.5 million @ 1.09 pay CHF 3 mth. LIBOR receive USD 3 mth. LIBOR		$	484,471	$	85,514	$	60,200	$	(85,201	)
Euro 618.0 million @ $1.27 pay EUR 3 mth. EURIBOR receive USD 3 mth. LIBOR		794,315		—		—		(7,264		)
Total cross currency basis swaps		$	1,278,786	$	85,514	$	60,200	$	(92,465	)

Fair Value Hedging

Summary of Notional Amounts and Fair Value of the Company's Hedges

The following tables summarize the notional amounts and fair value of the Company's fair value hedges at September 30, 2012:

Interest Rate Swap	Notional Amounts Maturing in the Year						Fair Value Net Asset (Liability)
(in thousands)	2014		2015		2016 and Beyond		September 30, 2012
U.S. dollars	$	45,000	$	60,000	$	45,000	$	5,070
Total interest rate swap	$	45,000	$	60,000	$	45,000	$	5,070

The following tables summarize the statements of operations impact of the Company's hedges of fair value for the three and nine months ended September 30, 2012 and 2011:

Derivatives in Fair Value Hedging
	Classification	Three Months Ended September 30,
(in thousands)	of Gains (Losses)	2012		2011
Interest rate swaps	Interest expense	$	789	$	3,207
Total		$	789	$	3,207

Not Designated as Hedging Instrument [Member]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The following table summarizes the statements of operations impact of the Company's hedges not designated as hedging for the three and nine months ended September 30, 2012 and 2011:

Derivatives Not Designated as Hedging
	Classification	Three Months Ended September 30,
(in thousands)	of Gains (Losses)	2012			2011
Foreign exchange forward contracts	Other expense (income), net	$	(5,033	)	$	(503	)
DIO equity option contracts	Other expense (income), net	406			366
Interest rate swaps	Interest expense	(49		)	(189		)
Cross currency basis swaps (a)	Other expense (income), net	8,815			(46,438		)
Cross currency basis swaps	Interest expense	(540		)	—
Cross currency basis swaps	Interest income	—			328
Total		$	3,599		$	(46,436	)

Derivatives Not Designated as Hedging
	Classification	Nine Months Ended September 30,
(in thousands)	of Gains (Losses)	2012			2011
Foreign exchange forward contracts	Other expense (income), net	$	(4,727	)	$	806
DIO equity option contracts	Other expense (income), net	229			392
Interest rate swaps	Interest expense	(136		)	(137		)
Cross currency basis swaps (a)	Other expense (income), net	(3,486		)	(46,438		)
Cross currency basis swaps	Interest expense	(801		)	—
Cross currency basis swaps	Interest income	446			328
Total		$	(8,475	)	$	(45,049	)

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Commitments and Contingencies - Additional Information (Detail)	1 Months Ended
	Jun. 30, 2004 San Francisco County, California	Dec. 31, 2006 Eastern District of Pennsylvania
Commitments and Contingencies Disclosure [Line Items]
Lawsuit filing date	June 18, 2004	December 12, 2006
Name of plaintiff(s)	Marvin Weinstat, DDS and Richard Nathan, DDS	Carole Hildebrand, DDS and Robert Jaffin, DDS and Dr. Mitchell Goldman
Class action law suit filed	On June 18, 2004, Marvin Weinstat, DDS and Richard Nathan, DDS filed a class action suit in San Francisco County, California alleging that the Company misrepresented that its Cavitron® ultrasonic scalers are suitable for use in oral surgical procedures.	On December 12, 2006, a Complaint was filed by Carole Hildebrand, DDS and Robert Jaffin, DDS in the Eastern District of Pennsylvania (the Plaintiffs subsequently added Dr. Mitchell Goldman as a named class representative).  The case was filed by the same law firm that filed the Weinstat case in California.  The Complaint asserts putative class action claims on behalf of dentists located in New Jersey and Pennsylvania.

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FAIR VALUE MEASUREMENT Reconciliation Assets Measured at Fair Value on a Recurring Basis Using Unobservable Inputs (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Cash Paid For Contingent Consideration	$ 2,519	$ 1,780
Corporate Bond Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	47,850
Unrealized Loss Reported in AOCI	43,871
Effect of exchange rate changes	(550)
Ending Balance	91,171
Dio Equity Option Contracts
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	(424)
Unrealized Gain Reported in other expense (income), net	229
Effect of exchange rate changes	2
Ending Balance	(193)
Contingent Considerations On Acquisitions
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	2,917
Cash Paid For Contingent Consideration	(2,493)
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases, Sales, Issuances, Settlements	(412)
Effect of exchange rate changes	(12)
Ending Balance	$ 0

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BENEFIT PLANS Components of Net Periodic Benefit Cost (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Pension Plans, Defined Benefit
Service cost	$ 3,004	$ 2,799	$ 9,014	$ 7,811
Interest cost	2,608	2,453	7,926	6,945
Expected return on plan assets	(1,180)	(1,350)	(3,594)	(3,856)
Amortization of prior service cost	(34)	20	(104)	61
Amortization of net loss	486	407	1,478	1,195
Net periodic benefit cost	4,884	4,329	14,720	12,156
Other Postretirement Benefit Plans, Defined Benefit
Service cost	18	16	55	48
Interest cost	117	137	352	414
Amortization of net loss	58	49	173	147
Net periodic benefit cost	$ 193	$ 202	$ 580	$ 609

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FINANCING ARRANGEMENTS Long-Term Borrowings (Detail) (Line of Credit Facility, Lender A [Member], USD $) In Millions, unless otherwise specified	Aug. 29, 2012
Line of Credit Facility, Lender A [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 250.0

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GOODWILL AND INTANGIBLE ASSETS Reconciliation of Changes in Goodwill (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012
Goodwill [Roll Forward]
Balance, beginning of the year	$ 2,190,063
Revision of provisional amounts on prior acquistion	(122,130)
Goodwill, Other Changes	0
Goodwill, Translation Adjustments	139,480
Balance, end of the year	2,207,413
Dental Consumable and Laboratrory Businesses [Member]
Goodwill [Roll Forward]
Balance, beginning of the year	484,779
Goodwill, Translation Adjustments	3,278
Balance, end of the year	488,057
Orthodontics/Canada/Mexico/Japan [Member]
Goodwill [Roll Forward]
Balance, beginning of the year	102,950
Goodwill, Translation Adjustments	776
Balance, end of the year	103,726
Select Distribution Businesses [Member]
Goodwill [Roll Forward]
Balance, beginning of the year	108,566
Goodwill, Other Changes	(336)
Goodwill, Translation Adjustments	(5,627)
Balance, end of the year	102,603
Implants/Endodontics/Healthcare/Pacific Rim [Member]
Goodwill [Roll Forward]
Balance, beginning of the year	1,493,768
Revision of provisional amounts on prior acquistion	(122,130)
Goodwill, Other Changes	336
Goodwill, Translation Adjustments	141,053
Balance, end of the year	$ 1,513,027

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FINANCIAL INSTRUMENTS AND DERIVATIVES Amounts recorded in AOCI related to cash flow hedging instruments (Detail) (USD $) In Thousands, unless otherwise specified			3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended
	Sep. 30, 2012	Dec. 31, 2011	Sep. 30, 2012 Net Investment Hedging [Member]	Sep. 30, 2011 Net Investment Hedging [Member]	Sep. 30, 2012 Net Investment Hedging [Member]	Sep. 30, 2011 Net Investment Hedging [Member]	Sep. 30, 2012 Cash Flow Hedging	Sep. 30, 2011 Cash Flow Hedging	Sep. 30, 2012 Cash Flow Hedging	Sep. 30, 2011 Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Beginning balance	$ (113,647)	$ (117,390)	$ (173,764)	$ 123,042	$ (143,730)	$ 45,417	$ (12,157)	$ 4,329	$ (12,737)	$ (1,468)
Foreign currency translation adjustment			106,541	(271,029)	58,068	(118,532)
Changes in fair value of derivatives							1,253	(21,734)	3,530	(17,446)
Changes in fair value of foreign currency debt			(2,811)	(5,517)	1,251	(11,189)
Reclassifications to earnings from equity							(1,381)	1,004	(3,078)	2,513
Changes in fair value of derivative hedge instruments			(11,086)	55,356	3,291	(13,844)
Total activity			92,644	(221,190)	62,610	(143,565)	(128)	(20,730)	452	(14,933)
Ending balance	$ (113,647)	$ (117,390)	$ (81,120)	$ (98,148)	$ (81,120)	$ (98,148)	$ (12,285)	$ (16,401)	$ (12,285)	$ (16,401)

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STOCK COMPENSATION Stock Compensation (Tables)

9 Months Ended

Sep. 30, 2012

STOCK COMPENSATION [Abstract]

Schedule of Stock Based Compensation

The following table represents total stock based compensation expense for non-qualified stock options, restricted stock units (“RSU”) and the tax related benefit for the three and nine months ended September 30, 2012 and 2011:

	Three Months Ended				Nine Months Ended
(in thousands)	2012		2011		2012		2011
Stock option expense	$	3,027	$	2,833	$	8,706	$	8,206
RSU expense	2,839		2,204		7,480		6,551
Total stock based compensation expense	$	5,866	$	5,037	$	16,186	$	14,757
Total related tax benefit	$	1,692	$	1,430	$	4,406	$	4,302

Schedule of Share-based Compensation, Stock Options, Activity

he following table reflects the non-qualified stock option transactions from December 31, 2011 through September 30, 2012:

	Outstanding						Exercisable
(in thousands, except per share data)	Shares		Weighted Average Exercise Price		Aggregate Intrinsic Value		Shares	Weighted Average Exercise Price		Aggregate Intrinsic Value
December 31, 2011	10,148		$	31.23	$	51,402	8,049	$	30.06	$	50,365
Granted	1,343		38.63
Exercised	(1,047	)	23.72
Cancelled	(35	)	41.84
Forfeited	(63	)	36.43
September 30, 2012	10,346		$	32.88	$	62,151	7,546	$	31.32	$	58,445

Schedule of Nonvested Share Activity

The following table summarizes the unvested RSU transactions from December 31, 2011 through September 30, 2012:

(in thousands, except per share data)	Shares		Weighted Average Grant Date Fair Value
December 31, 2011	897		$	32.50
Granted	422		38.66
Vested	(245	)	26.33
Forfeited	(34	)	35.87
September 30, 2012	1,040		$	36.34

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SEGMENT INFORMATION Net Sales (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 30, 2012		Sep. 30, 2011		Sep. 30, 2012		Sep. 30, 2011
Net sales	$ 695,734		$ 619,759		$ 2,175,141		$ 1,799,705
Dental Consumable and Laboratrory Businesses [Member]
Net sales	236,473		245,682		742,190		722,864
Orthodontics/Canada/Mexico/Japan [Member]
Net sales	81,390		71,377		240,609		245,550
Select Distribution Businesses [Member]
Net sales	68,397		70,770		212,585		220,276
Implants/Endodontics/Healthcare/Pacific Rim [Member]
Net sales	309,941		232,611		984,393		614,376
All Other
Net sales	$ (467)	[1]	$ (681)	[1]	$ (4,636)	[1]	$ (3,361)	[1]

[1] (a) Includes amounts recorded at Corporate headquarters

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COMPREHENSIVE INCOME Balances included in AOCI, Net of Tax, in the Consolidated Balance Sheets (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency translation adjustments	$ 20,241	$ (39,078)
Net loss on derivative financial instruments	(113,647)	(117,390)
Net unrealized holding gains (losses) on available for-sale securities	29,903	(516)
Pension liability adjustments	(32,276)	(33,986)
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (95,779)	$ (190,970)

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INCOME TAXES Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2012
Income Taxes [Line Items]
Unrecognized tax benefits, final settlement and resolution of outstanding tax		$ 1.3
Unrecognized Tax Benefits, Increases Resulting from Prior Period Tax Positions	47.7
Future Period Member
Income Taxes [Line Items]
Unrecognized tax benefits, expiration of statues of limitation		$ 0.3

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STOCK COMPENSATION Stock Compensation (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2012 Y
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average remaining contractual term (in years)	5.8
Exercisable options, weighted average remaining contractual term (in years)	4.8
Nonqualified Stock Options Member
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized compensation cost	16.3
Weighted average remaining contractual term (in years)	1.6
Performance Based Restricted Stock and Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized compensation cost	17.8
Weighted average remaining contractual term (in years)	1.5

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SEGMENT INFORMATION Intersegment Net Sales (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 30, 2012		Sep. 30, 2011		Sep. 30, 2012		Sep. 30, 2011
Segment Reporting, Revenue Reconciling Item [Line Items]
Eliminations	$ (146,967)		$ (147,963)		$ (459,434)		$ (457,016)
Total	0		0		0		0
Dental Consumable and Laboratrory Businesses [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Intersegment net sales	55,093		53,637		167,980		164,643
Orthodontics/Canada/Mexico/Japan [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Intersegment net sales	989		972		3,221		2,909
Select Distribution Businesses [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Intersegment net sales	2,608		4,432		8,899		11,909
Implants/Endodontics/Healthcare/Pacific Rim [Member]
Segment Reporting, Revenue Reconciling Item [Line Items]
Intersegment net sales	35,468		37,597		116,216		119,395
All Other
Segment Reporting, Revenue Reconciling Item [Line Items]
Intersegment net sales	$ 52,809	[1]	$ 51,325	[1]	$ 163,118	[1]	$ 158,160	[1]

[1] (a) Includes amounts recorded at Corporate headquarters and one distribution warehouse not managed by named segments.

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FINANCIAL INSTRUMENTS AND DERIVATIVES Impact of the Company's Cash Flow Hedges (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Gain (Loss) in AOCI	$ (18,055)	$ 87,695	$ 5,360	$ (25,009)
Cash Flow Hedging
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Effective Portion Reclassified from AOCI into Income	1,381	(1,004)	3,078	(2,513)
Gain (Loss) in AOCI	1,680	(35,130)	4,191	(26,632)
Ineffective portion Recognized in Income	100	(6,666)	572	(7,090)
Cash Flow Hedging | Interest Rate Contract | Interest Rate Contract
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Effective Portion Reclassified from AOCI into Income	(899)	(1,415)	(2,701)	(3,984)
Gain (Loss) in AOCI	(448)	(38,639)	(1,848)	(29,042)
Cash Flow Hedging | Interest Rate Contract | Other Expense
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Ineffective portion Recognized in Income		(6,318)		(6,151)
Cash Flow Hedging | Foreign Exchange Forward | Interest Expense
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Ineffective portion Recognized in Income		(351)	592	(403)
Cash Flow Hedging | Foreign Exchange Forward | Cost of Sales
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Effective Portion Reclassified from AOCI into Income	1,976	451	4,968	1,304
Gain (Loss) in AOCI	1,603	3,106	4,955	2,412
Cash Flow Hedging | Foreign Exchange Forward | Selling, General And Administrative Expense
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Effective Portion Reclassified from AOCI into Income	264	(51)	721	(41)
Gain (Loss) in AOCI	(47)	501	255	40
Cash Flow Hedging | Foreign Exchange Forward | Other Expense
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Ineffective portion Recognized in Income	114			(538)
Cash Flow Hedging | Commodity Forward Purchase Contracts | Interest Expense
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Ineffective portion Recognized in Income	(14)	3	(20)	2
Cash Flow Hedging | Commodity Forward Purchase Contracts | Cost of Sales
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Effective Portion Reclassified from AOCI into Income	40	11	90	208
Gain (Loss) in AOCI	$ 572	$ (98)	$ 829	$ (42)

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RESTRUCTURING AND OTHER COSTS Provisions and Adjustments and Amounts Applied for All Plans by Segment (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012
Restructuring Reserve [Roll Forward]
Beginning Balance	$ 5,706
Provisions and adjustments	13,435
Amounts applied	(5,434)
Ending Balance	13,707
Dental Consumable and Laboratrory Businesses [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	3,601
Provisions and adjustments	8,938
Amounts applied	(1,389)
Ending Balance	11,150
Orthodontics/Canada/Mexico/Japan [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	240
Provisions and adjustments	1,118
Amounts applied	(951)
Ending Balance	407
Implants/Endodontics/Healthcare/Pacific Rim [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	1,865
Provisions and adjustments	3,379
Amounts applied	(3,094)
Ending Balance	2,150
Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	4,661
Provisions and adjustments	12,411
Amounts applied	(4,396)
Ending Balance	12,676
Restructuring Fiscal 2011 Plan [Member] | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	1,281
Provisions and adjustments	564
Amounts applied	(982)
Ending Balance	863
Restructuring Fiscal 2012 Plan [Member] | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	0
Provisions and adjustments	11,847
Amounts applied	(2,414)
Ending Balance	9,433
Restructuring Fiscal 2010 and Prior Plans [Member] | Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	3,380
Provisions and adjustments	0
Amounts applied	(1,000)
Ending Balance	$ 2,380

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BUSINESS ACQUISITIONS Intangible Asset Acquired (Details) (USD $) In Thousands, unless otherwise specified				3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2012 Tradenames and Trademarks [Member]	Sep. 30, 2012 In-process research and development	Sep. 30, 2012 Customer Relationships	Sep. 30, 2012 Patents and developed technology Year	Sep. 30, 2012 Tradenames and Trademarks [Member]	Sep. 30, 2012 Minimum [Member] Customer Relationships Year	Sep. 30, 2012 Maximum [Member] Customer Relationships Year
Acquired Finite and Infinite Lived Intangible Assets [Line Items]
Finite-lived intangible asset acquired				$ 494,700	$ 116,500
Finite-Lived Intangible Assets, Useful Life				15 - 18		Indefinite
Infinite-lived intangible asset acquired		229,100	3,800
Acquired finite and infinite-lived intangible assets	$ 844,100
Useful Life (in years)					10		10	18

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SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements [Abstract]

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES

The accounting policies of the Company, as applied in the interim consolidated financial statements presented herein are substantially the same as presented in the Company’s Form 10-K for the year ended December 31, 2011, except as may be indicated below:

Accounts and Notes Receivable

The Company sells dental and certain healthcare products through a worldwide network of distributors and directly to end users.  For customers on credit terms, the Company performs ongoing credit evaluations of those customers' financial condition and generally does not require collateral from them.  The Company establishes allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments based on historical averages of aged receivable balances and the Company’s experience in collecting those balances, customer specific circumstances, as well as changes in the economic and political environments.  The Company records a provision for doubtful accounts, which is included in “Selling, general and administrative expenses.”

Accounts and notes receivables – trade, net are stated net of allowances for doubtful accounts and trade discounts, which was $16.3 million at September 30, 2012 and $15.8 million at December 31, 2011.

Marketable Securities

The Company’s marketable securities consist of corporate convertible bonds that are classified as available-for-sale in “Other noncurrent assets, net” on the consolidated balance sheets as the instruments mature in December 2015. The Company determined the appropriate classification at the time of purchase and will re-evaluate such designation as of each balance sheet date. In addition, the Company reviews the securities each quarter for indications of possible impairment. If an impairment is identified, the determination of whether the impairment is temporary or other-than-temporary requires significant judgment. The primary factors that the Company considers in making this judgment include the extent and time the fair value of each investment has been below cost and the existence of a credit loss. If a decline in fair value is judged other-than-temporary, the basis of the securities is written down to fair value and the amount of the write-down is included as a realized loss in the consolidated statement of operations. Changes in fair value are reported in accumulated other comprehensive income (“AOCI”).

 The convertible feature of the bonds has not been bifurcated from the underlying bonds as the feature does not contain a net-settlement feature, nor would the Company be able to achieve a hypothetical net-settlement that would substantially place the Company in a comparable cash settlement position.  As such, the derivative is not accounted for separately from the bond.  The cash paid by the Company was equal to the face value of the bonds issued, and therefore, the Company has not recorded any bond premium or discount on acquiring the bonds.  The fair value of the bonds was $91.2 million and $47.8 million at September 30, 2012 and December 31, 2011, respectively.  At September 30, 2012 and December 31, 2011, an unrealized holding gain of $29.9 million and a unrealized holding loss of $0.5 million, respectively, on available-for-sale securities, net of tax, had been recorded in AOCI. 

New Accounting Pronouncements

In June 2011, the Financial Accounting Standards Board (“FASB”) amended its rules regarding the presentation of comprehensive income.  The objective of this amendment is to improve the comparability, consistency and transparency of financial reporting and to increase the prominence of items reported in other comprehensive income.  Specifically, this amendment requires that all non-owner changes in shareholders' equity be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements.  The new rules became effective during interim and annual periods beginning after December 15, 2011, with the exception of the requirement to present reclassification adjustments from other comprehensive income to net income on the face of the financial statements, which has been deferred pending further deliberation by the FASB.  Because the standard only impacts the presentation of comprehensive income and does not impact what is included in comprehensive income, the standard does not have a significant impact on the Company's consolidated financial statements. The Company adopted this accounting standard during the quarter ended March 31, 2012.

In September 2011, the FASB issued Accounting Standards Update ("ASU") No. 2011-08, “Intangibles – Goodwill and Other (Topic 350): Testing Goodwill for Impairment”. This newly issued accounting standard is intended to reduce the cost and complexity of the annual goodwill impairment test by providing entities an option to perform a "qualitative" assessment to determine whether further impairment testing is necessary. Under the revised standard, an entity has the option to first assess qualitative factors to determine whether it is necessary to perform the current two-step impairment test. If an entity believes, as a result of its qualitative assessment, that it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount, the quantitative impairment test is required; otherwise, no further testing is required. Prior to the issuance of the revised standard, an entity was required to perform step one of the impairment test at least annually by calculating and comparing the fair value of a reporting unit to its carrying amount. Under the revised standard, if an entity determines that step one is necessary and the fair value of the reporting unit is less than its carrying amount, then step two of the test will continue to be required to measure the amount of the impairment loss, if any. These amendments do not change the current guidance for testing other indefinite-lived intangible assets for impairment. This ASU is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. The Company adopted this standard for the quarter ended June 30, 2012 and it did not impact the Company’s financial position or results from operations.

In July 2012, the FASB issued ASU No. 2012-02, "Intangibles - Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment". This newly issued accounting standard is intended to reduce the cost and complexity of the annual indefinite-lived intangible asset impairment test by providing entities an option to perform a qualitative assessment to determine whether further impairment testing is necessary. Under the revised standard, an entity has the option to first assess qualitative factors to determine whether it is necessary to perform the current two-step impairment test. If an entity believes, as a result of its qualitative assessment, that it is more-likely-than-not that an indefinite-lived intangible asset is less than its carrying amount, the quantitative impairment test is required; otherwise, no further testing is required. Prior to the issuance of the revised standard, an entity was required to perform step one of the impairment test at least annually by calculating and comparing the fair value of an indefinite-lived intangible asset to its carrying amount. Under the revised standard, if an entity determines that step one is necessary and the indefinite-lived intangible asset is less than its carrying amount, then step two of the test will continue to be required to measure the amount of the impairment loss, if any. This ASU is effective for annual and interim indefinite-lived intangible asset impairment tests performed for fiscal years beginning after September 15, 2012. The Company expects to adopt this standard for the quarter ended March 31, 2013. The adoption of this standard will not impact the Company's financial position or results of operations.

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FINANCIAL INSTRUMENTS AND DERIVATIVES Additional Information (Detail)	9 Months Ended												9 Months Ended				9 Months Ended
	Sep. 30, 2012 USD ($) group	Dec. 31, 2011 USD ($)	Sep. 30, 2012 Fair Value Hedging USD ($)	Apr. 04, 2011 Fair Value Hedging USD ($)	Sep. 30, 2012 International Subsidiaries USD ($)	Dec. 31, 2011 International Subsidiaries USD ($)	Sep. 30, 2012 Interest Rate Swap Currency, Japanese Yen	Sep. 30, 2012 Interest Rate Swap Currency, Swiss Franc	Sep. 30, 2012 Interest Rate Swap Cash Flow Hedging CHF	Sep. 30, 2012 Interest Rate Swap Cash Flow Hedging JPY (¥)	Sep. 30, 2012 Interest Rate Swap Cash Flow Hedging Currency, Japanese Yen	Sep. 30, 2012 Interest Rate Swap Cash Flow Hedging Currency, Swiss Franc	Sep. 30, 2012 Commodity Forward Purchase Contracts Cash Flow Hedging Platinum Bullion	Sep. 30, 2012 Commodity Forward Purchase Contracts Cash Flow Hedging Silver Bullion	Sep. 30, 2012 Cross Currency Interest Rate Swaps USD ($)	Dec. 31, 2011 Cross Currency Interest Rate Swaps USD ($)	Sep. 30, 2012 Private Placement Notes Fair Value Hedging	Feb. 28, 2010 Private Placement Notes Fair Value Hedging USD ($)	Sep. 30, 2012 Unsecured Senior Notes Tranche C USD ($)
Derivative [Line Items]
Maximum Length of Time Hedged in Interest Rate Cash Flow Hedge	18 months
Interest Rate Derivatives, at Fair Value, Net			$ 5,100,000
Maximum term over which the Company is hedging exposures to variablilty of cash flows related to all forecasted transactions	3,600,000
Notional amounts				150,000,000					65,000,000	12,600,000,000
Average fixed interest rate											0.20%	0.70%
Description of derivative activity													swaps in place to purchase 550 troy ounces	swaps in place to purchase 48,170 troy ounces
Average fixed rate price													1,466	28
Fixed interest rate				4.10%
Debt Instrument, Face Amount																		250,000,000	450,000,000
Number of groups of significant interest rate swaps (in groups)	2
Average fixed interest rate, term (in years)							3 years	5 years
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	(113,647,000)	(117,390,000)													92,500,000	111,900,000
Accumulated translation gains on investments	$ (20,241,000)	$ 39,078,000			$ 81,100,000	$ 143,700,000
Debt, maturity term (in years)																	5 years

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EARNINGS PER COMMON SHARE Additional Information (Detail) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Disclosure - Earnings per Common Share - Additional Information [Abstract]
Antidilutive common stock options not included in the computation of diluted earnings per common share (in shares)	3.8		4.1
Antidilutive shares of common stock outstanding (in shares)		3.2		3.5

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SEGMENT AND GEOGRAPHIC INFORMATION (Tables)

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements [Abstract]

Net Sales

The following tables set forth information about the Company’s operating groups for the three and nine months ended September 30, 2012 and 2011:

Third Party Net Sales

	Three Months Ended						Nine Months Ended
(in thousands)	2012			2011			2012			2011
Dental Consumable and Laboratory Businesses	$	236,473		$	245,682		$	742,190		$	722,864
Orthodontics/Canada/Mexico/Japan	81,390			71,377			240,609			245,550
Select Distribution Businesses	68,397			70,770			212,585			220,276
Implants/Endodontics/Healthcare/Pacific Rim	309,941			232,611			984,393			614,376
All Other (a)	(467		)	(681		)	(4,636		)	(3,361		)
Total	$	695,734		$	619,759		$	2,175,141		$	1,799,705

(a) Includes amounts recorded at Corporate headquarters

Net Sales, Excluding Precious Metal Content

Third Party Net Sales, Excluding Precious Metal Content

	Three Months Ended						Nine Months Ended
(in thousands)	2012			2011			2012			2011
Dental Consumable and Laboratory Businesses	$	199,786		$	203,307		$	614,133		$	618,596
Orthodontics/Canada/Mexico/Japan	73,305			62,665			216,183			220,573
Select Distribution Businesses	66,644			68,648			207,930			213,627
Implants/Endodontics/Healthcare/Pacific Rim	307,853			229,812			977,617			605,312
All Other (a)	(467		)	(681		)	(4,637		)	(3,362		)
Total excluding precious metal content	647,121			563,751			2,011,226			1,654,746
Precious metal content	48,613			56,008			163,915			144,959
Total including precious metal content	$	695,734		$	619,759		$	2,175,141		$	1,799,705

(a) Includes amounts recorded at Corporate headquarters

Intersegment Net Sales

Inter-segment Net Sales

	Three Months Ended						Nine Months Ended
(in thousands)	2012			2011			2012			2011
Dental Consumable and Laboratory Businesses	$	55,093		$	53,637		$	167,980		$	164,643
Orthodontics/Canada/Mexico/Japan	989			972			3,221			2,909
Select Distribution Businesses	2,608			4,432			8,899			11,909
Implants/Endodontics/Healthcare/Pacific Rim	35,468			37,597			116,216			119,395
All Other (a)	52,809			51,325			163,118			158,160
Eliminations	(146,967		)	(147,963		)	(459,434		)	(457,016		)
Total	$	—		$	—		$	—		$	—

(a) Includes amounts recorded at Corporate headquarters and one distribution warehouse not managed by named segments.

Segment Operating Income

Segment Operating Income

	Three Months Ended						Nine Months Ended
(in thousands)	2012			2011			2012			2011
Dental Consumable and Laboratory Businesses	$	59,721		$	54,191		$	184,486		$	171,710
Orthodontics/Canada/Mexico/Japan	5,268			(1,437		)	9,531			12,156
Select Distribution Businesses	83			1,145			(797		)	1,503
Implants/Endodontics/Healthcare/Pacific Rim	63,337			38,593			206,750			156,293
All Other (a)	(24,646		)	(26,337		)	(96,376		)	(72,423		)
Segment operating income	103,763			66,155			303,594			269,239
Reconciling Items:
Restructuring and other costs	15,097			26,353			18,862			33,849
Interest expense	14,488			16,062			44,854			27,975
Interest income	(2,342		)	(2,418		)	(6,650		)	(6,676		)
Other expense (income), net	739			7,182			1,969			8,686
Income before income taxes	$	75,781		$	18,976		$	244,559		$	205,405

(a) Includes the results of Corporate headquarters, inter-segment eliminations and one distribution warehouse not managed by named segments.

Assets

Assets
(in thousands)	September 30, 2012		December 31, 2011
Dental Consumable and Laboratory Businesses	$	1,032,321	$	1,180,001
Orthodontics/Canada/Mexico/Japan	297,524		328,376
Select Distribution Businesses	205,985		168,500
Implants/Endodontics/Healthcare/Pacific Rim	3,179,994		2,881,591
All Other (a)	261,598		196,930
Total	$	4,977,422	$	4,755,398

(a) Includes the assets of Corporate headquarters, inter-segment eliminations and one distribution warehouse not managed by named segments.

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BUSINESS ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements [Abstract]

Preliminary Fair Values Of Assets Acquired And Liabilities Assumed Related To Acquisition

The following table summarizes the final fair value of identifiable assets and liabilities assumed at the date of the acquisition. This table has been updated during the first nine months of 2012 to reflect the final fair value. The final valuation change resulted in increases to identifiable intangible assets relating mostly to customer relationships and deferred tax liabilities with a decrease to goodwill. The Company determined that it was not necessary to retroactively revise prior period financial statements as the changes were not material to the Company's consolidated financial statements.

(in thousands)
Inventory	$	84,659
Other Current assets	141,261
Property, plant and equipment	178,495
Identifiable intangible assets	844,100
Goodwill	947,150
Other long-term assets	14,963
Total assets	2,210,628
Current liabilities	107,243
Long-term liabilities	312,595
Total liabilities	419,838
Net assets	$	1,790,790

Intangible Assets Acquired

ntangible assets acquired consist of the following:

(in thousands, except for useful life)	Amount		Useful Life (in years)
Customer relationships	$	494,700	15 - 18
Developed technology and patents	116,500		10
Trade names and trademarks	229,100		Indefinite
In-process research and development	3,800		—
Total	$	844,100

Pro forma Unaudited Financial Information

The following unaudited pro forma financial information reflects the consolidated results of operations of the Company had the Astra Tech acquisition occurred on January 1, 2010.  These amounts were calculated after conversion to US GAAP, applying the Company’s accounting policies and adjusting Astra Tech’s results to reflect the additional depreciation and amortization that would have been charged assuming the fair value adjustments to property, plant and equipment, inventory and intangible assets had been applied from January 1, 2010, together with the consequential tax effects at the statutory rate.  These adjustments also reflect the additional interest expense incurred on the debt to finance the acquisition.

	Three Months Ended September 30,		Nine Months Ended September 30,
(in thousands, except per share data)	2011		2011
Net sales	$	707,683	$	2,184,998
Net income attributable to DENTSPLY	$	52,903	$	195,602
Diluted earnings per common share	$	0.37	$	1.36

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INVENTORIES Inventories (Detail) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Disclosure - Inventories, Net [Abstract]
Finished goods	$ 259,263	$ 218,814
Work-in-process	69,264	66,952
Raw materials and supplies	87,395	75,996
Inventory, net	$ 415,922	$ 361,762

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EARNINGS PER COMMON SHARE Computation of Basic and Diluted Earnings Per Common Share (Detail) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Disclosure - Computation of Basic and Diluted Earnings Per Common Share [Abstract]
Net income attributable to DENTSPLY International	$ 53,364	$ 60,597	$ 187,413	$ 203,917
Shares
Basic (in shares)	141,843	141,349	141,767	141,337
Incremental shares from assumed exercise of dilutive options from stock-based compensation awards (in shares)	2,041	2,046	2,118	2,241
Diluted (in shares)	143,884	143,395	143,885	143,578
Earnings per common share
Basic (in dollars per share)	$ 0.38	$ 0.43	$ 1.32	$ 1.44
Diluted (in dollars per share)	$ 0.37	$ 0.42	$ 1.30	$ 1.42

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INVENTORIES (Tables)

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements [Abstract]

Inventories, net

Inventories, net of inventory valuation reserves, consist of the following:

(in thousands)	September 30, 2012		December 31, 2011
Finished goods	$	259,263	$	218,814
Work-in-process	69,264		66,952
Raw materials and supplies	87,395		75,996
	$	415,922	$	361,762

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BENEFIT PLANS (Tables)

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements [Abstract]

Components of Net Periodic Benefit Cost

The following sets forth the components of net periodic benefit cost of the Company’s defined benefit plans and for the Company’s other postretirement employee benefit plans for the three and nine months endedSeptember 30, 2012 and 2011:

Defined Benefit Plans	Three Months Ended						Nine Months Ended
(in thousands)	2012			2011			2012			2011
Service cost	$	3,004		$	2,799		$	9,014		$	7,811
Interest cost	2,608			2,453			7,926			6,945
Expected return on plan assets	(1,180		)	(1,350		)	(3,594		)	(3,856		)
Amortization of prior service cost	(34		)	20			(104		)	61
Amortization of net loss	486			407			1,478			1,195
Net periodic benefit cost	$	4,884		$	4,329		$	14,720		$	12,156

Other Postretirement Plans	Three Months Ended				Nine Months Ended
(in thousands)	2012		2011		2012		2011
Service cost	$	18	$	16	$	55	$	48
Interest cost	117		137		352		414
Amortization of net loss	58		49		173		147
Net periodic benefit cost	$	193	$	202	$	580	$	609

Information Related to the Contributions to the Compnay's Benefit Plans

The following sets forth the information related to the contributions to the Company’s benefit plans for 2012:

(in thousands)	Pension Benefits		Other Postretirement Benefits
Actual contributions through September 30, 2012	$	9,451	$	630
Projected for the remainder of the year	3,221		348
Total projected contributions	$	12,672	$	978

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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (Parenthetical) (USD $)	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Statement of Stockholders' Equity [Abstract]
Cash dividends, per share	$ 0.165	$ 0.15

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RESTRUCTURING AND OTHER COSTS (Tables)

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements [Abstract]

Restructuring Accruals

At September 30, 2012, the Company’s restructuring accruals were as follows:

	Severance
(in thousands)	2010 and Prior Plans			2011 Plans			2012 Plans			Total
Balance at December 31, 2011	$	3,380		$	1,281		$	—		$	4,661
Provisions and adjustments	—			564			11,847			12,411
Amounts applied	(1,000		)	(982		)	(2,414		)	(4,396		)
Balance at September 30, 2012	$	2,380		$	863		$	9,433		$	12,676

	Lease/Contract Terminations
(in thousands)	2010 and Prior Plans			2012 Plans			Total
Balance at December 31, 2011	$	1,011		$	—		$	1,011
Provisions and adjustments	—			296			296
Amounts applied	(189		)	(127		)	(316		)
Balance at September 30, 2012	$	822		$	169		$	991

	Other Restructuring Costs
(in thousands)	2010 and Prior Plans		2012 Plans			Total
Balance at December 31, 2011	$	34	$	—		$	34
Provisions and adjustments	—		728			728
Amounts applied	—		(722		)	(722		)
Balance at September 30, 2012	$	34	$	6		$	40

Cumulative Amounts for the Provisions and Adjustments and Amounts Applied for All the Plans by Segment

The following table provides the year-to-date changes in the restructuring accruals by segment:

(in thousands)	December 31, 2011		Provisions and Adjustments		Amounts Applied			September 30, 2012
Dental Consumable and Laboratory Businesses	$	3,601	$	8,938	$	(1,389	)	$	11,150
Orthodontics/Canada/Mexico/Japan	240		1,118		(951		)	407
Implants/Endodontics/Healthcare/Pacific Rim	1,865		3,379		(3,094		)	2,150
	$	5,706	$	13,435	$	(5,434	)	$	13,707

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STOCK COMPENSATION Unvested RSU Transactions (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Dec. 31, 2011
Number of Shares [Roll Forward]
Unvested beginning balance (in shares)	897
Granted (in shares)	422
Vested (in shares)	(245)
Forfeited (in shares)	(34)
Unvested ending balance (in shares)	1,040
Weighted Average Grant Date Fair Value
Unvested beginning balance (in dollars per share)	$ 36.34	$ 32.50
Granted (in dollars per share)	$ 38.66
Vested (in dollars per share)	$ 26.33
Forfeited (in dollars per share)	$ 35.87

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SEGMENT INFORMATION Segment Operating Income (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 30, 2012		Sep. 30, 2011		Sep. 30, 2012		Sep. 30, 2011
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment operating income	$ 88,666		$ 39,802		$ 284,732		$ 235,390
Restructuring and other costs	15,097		26,353		18,862		33,849
Interest expense	14,488		16,062		44,854		27,975
Interest income	(2,342)		(2,418)		(6,650)		(6,676)
Other expense (income), net	739		7,182		1,969		8,686
Income before income taxes	75,781		18,976		244,559		205,405
Operating Segments [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment operating income	103,763		66,155		303,594		269,239
Dental Consumable and Laboratrory Businesses [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment operating income	59,721		54,191		184,486		171,710
Orthodontics/Canada/Mexico/Japan [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment operating income	5,268		(1,437)		9,531		12,156
Select Distribution Businesses [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment operating income	83		1,145		(797)		1,503
Implants/Endodontics/Healthcare/Pacific Rim [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment operating income	63,337		38,593		206,750		156,293
All Other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment operating income	$ (24,646)	[1]	$ (26,337)	[1]	$ (96,376)	[1]	$ (72,423)	[1]

[1] (a) Includes the results of Corporate headquarters, inter-segment eliminations and one distribution warehouse not managed by named segments.

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FAIR VALUE MEASUREMENT Financial Assets and Liabilities that are Recorded at Fair Value and Classified Based on the Lowest Level of Input (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011
Cash Paid For Contingent Consideration	$ 2,519	$ 1,780
Assets	129,233		92,221
Liabilities	350,564		363,090
Money Market Funds
Assets			10,516
Interest Rate Swap
Assets	5,716		5,699
Liabilities	2,457		1,631
Commodity Forward Purchase Contracts
Assets	424		15
Liabilities			259
Cross Currency Interest Rate Swaps
Assets	23,044		19,838
Liabilities	186,576		199,454
Foreign Exchange Forward
Assets	8,878		8,303
Liabilities	6,209		3,898
Long-term Debt
Liabilities	155,131		154,512
Corporate Bond Securities
Assets	91,171		47,850
Contingent Considerations On Acquisitions
Liabilities			2,917
Dio Equity Option Contracts
Liabilities	191		419
Fair Value, Inputs, Level 1
Assets	0		10,516
Liabilities	0		0
Fair Value, Inputs, Level 1 | Money Market Funds
Assets			10,516
Fair Value, Inputs, Level 2
Assets	38,062		33,855
Liabilities	350,373		359,754
Fair Value, Inputs, Level 2 | Interest Rate Swap
Assets	5,716		5,699
Liabilities	2,457		1,631
Fair Value, Inputs, Level 2 | Commodity Forward Purchase Contracts
Assets	424		15
Liabilities			259
Fair Value, Inputs, Level 2 | Cross Currency Interest Rate Swaps
Assets	23,044		19,838
Liabilities	186,576		199,454
Fair Value, Inputs, Level 2 | Foreign Exchange Forward
Assets	8,878		8,303
Liabilities	6,209		3,898
Fair Value, Inputs, Level 2 | Long-term Debt
Liabilities	155,131		154,512
Fair Value, Inputs, Level 3
Assets	91,171		47,850
Liabilities	191		3,336
Fair Value, Inputs, Level 3 | Corporate Bond Securities
Assets	91,171		47,850
Fair Value, Inputs, Level 3 | Contingent Considerations On Acquisitions
Liabilities			2,917
Fair Value, Inputs, Level 3 | Dio Equity Option Contracts
Liabilities	191		419
Contingent Considerations On Acquisitions
Cash Paid For Contingent Consideration	$ (2,493)

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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Net sales	$ 695,734	$ 619,759	$ 2,175,141	$ 1,799,705
Cost of products sold	331,619	322,111	1,010,807	887,222
Gross profit	364,115	297,648	1,164,334	912,483
Selling, general and administrative expenses	260,352	231,493	860,740	643,244
Restructuring and other costs	15,097	26,353	18,862	33,849
Operating income	88,666	39,802	284,732	235,390
Other income and expenses:
Interest expense	14,488	16,062	44,854	27,975
Interest income	(2,342)	(2,418)	(6,650)	(6,676)
Other expense (income), net	739	7,182	1,969	8,686
Income before income taxes	75,781	18,976	244,559	205,405
Provision for income taxes	18,960	(40,627)	48,550	1,042
Equity in net earnings (loss) of unconsolidated affilated company	(2,529)	1,597	(5,448)	1,690
Net income	54,292	61,200	190,561	206,053
Less: Net income attributable to noncontrolling interests	928	603	3,148	2,136
Net income attributable to DENTSPLY International	$ 53,364	$ 60,597	$ 187,413	$ 203,917
Earnings per common share:
Basic (in dollars per share)	$ 0.38	$ 0.43	$ 1.32	$ 1.44
Diluted (in dollars per share)	$ 0.37	$ 0.42	$ 1.30	$ 1.42
Weighted average common shares outstanding:
Basic (in shares)	141,843	141,349	141,767	141,337
Diluted (in shares)	143,884	143,395	143,885	143,578

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BUSINESS ACQUISITIONS Additional Information (Detail) (USD $)		1 Months Ended		9 Months Ended
	Sep. 30, 2012	Aug. 31, 2011 Astra Tech [Member]	Sep. 30, 2012 Astra Tech [Member]	Sep. 30, 2012 Building Y	Sep. 30, 2012 Machinery and equipment Y
Business Acquisition [Line Items]
Percentage of interests acquired, common shares		100.00%
Goodwill	$ 947,150,000		$ 947,200,000
Trade accounts receivable	101,900,000
Accrued and other current liabilities	80,100,000
Trade accounts payable	27,100,000
Noncurrent deferred tax liabilities	263,300,000
Pension obligaitons	49,300,000
Inventory fair value adjustment			32,800,000
Property, plant and equipment fair value adjustment			$ 28,700,000
Depreciable lives (in years)				40
Depreciable lives range, minimum (in years)					5
Depreciable lives range, maximum (in years)					15

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Cash flows from operating activities:
Net income	$ 190,561	$ 206,053
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	59,509	47,058
Amortization	37,289	16,830
Amortization of deferred financing costs	5,749	0
Deferred income taxes	(2,702)	(28,953)
Share based compensation expense	17,248	15,659
Restructuring and other costs - non-cash	14,207	725
Stock option income tax benefit	(11,201)	(6,704)
Net interest expense on derivatives with an other-than-insignificant financing element	1,229	2,687
Equity in earnings from unconsolidated affiliates	5,448	(1,690)
Other non-cash expense	(8,354)	3,266
Changes in operating assets and liabilities, net of acquisitions:
Accounts and notes receivable-trade, net	(41,943)	(27,005)
Inventories, net	(54,329)	(2,609)
Prepaid expenses and other current assets	(21,781)	(8,016)
Other noncurrent assets, net	(2,743)	(308)
Accounts payable	(11,557)	4,668
Accrued liabilities	6,242	34,959
Income taxes payable	17,802	(4,701)
Other noncurrent liabilities	1,391	2,913
Net cash provided by operating activities	202,065	254,832
Cash flows from investing activities:
Capital expenditures	(64,859)	(45,458)
Cash paid for acquisitions of businesses, net of cash acquired	0	(1,797,919)
Payments on settlement of net investment hedges	(14,221)	(2,462)
Expenditures for identifiable intangible assets	(196)	(337)
Purchase of Company-owned life insurance policies	(1,577)	0
Proceeds from sale of property, plant and equipment, net	553	593
Net cash used in investing activities	(80,300)	(1,845,583)
Cash flows from financing activities:
Net change in short-term borrowings	(115,468)	413
Cash paid for treasury stock	(38,839)	(79,500)
Cash dividends paid	(23,561)	(21,512)
Cash paid for contingent consideration on prior acquisitions	(2,519)	(1,780)
Cash paid for acquisition of noncontrolling interests of consolidated subsidiaries	0	(16,431)
Proceeds from long-term borrowings	0	1,446,414
Repayments on long-term borrowings	0	(251,336)
Payments on terminated derivative instruments	0	(34,628)
Proceeds from exercise of stock options	24,830	36,293
Excess tax benefits from share based compensation	11,201	6,704
Net interest payments on derivatives with an other-than-insignificant financing element	(1,229)	(2,687)
Net cash used in financing activities	(145,585)	1,081,950
Effect of exchange rate changes on cash and cash equivalents	2,767	50,629
Net (decrease) increase in cash and cash equivalents	(21,053)	(458,172)
Cash and cash equivalents at beginning of period	77,128	540,038
Cash and cash equivalents at end of period	$ 56,075	$ 81,866

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RESTRUCTURING AND OTHER COSTS Additional Information (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Restructuring Cost and Reserve [Line Items]
Settlements of legal matters and impairment of an intangible asset	$ 5.1	$ 25.5	$ 5.5	$ 32.3
Severance Costs	10.0		13.4
Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Severance Costs	$ 0.8			$ 1.5

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GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements [Abstract]

Changes In Goodwill Table Text Block

A reconciliation of changes in the Company’s goodwill is as follows:

(in thousands)	Dental Consumable and Laboratory Businesses		Orthodontics/Canada/Mexico/Japan		Select Distribution Businesses			Implants/Endodontics/Healthcare/Pacific Rim			Total
Balance at December 31, 2011	$	484,779	$	102,950	$	108,566		$	1,493,768		$	2,190,063
Adjustment of provisional amounts on prior acquisition	—		—		—			(122,130		)	(122,130		)
Business unit transfer	—		—		(336		)	336			—
Effects of exchange rate changes	3,278		776		(5,627		)	141,053			139,480
Balance at September 30, 2012	$	488,057	$	103,726	$	102,603		$	1,513,027		$	2,207,413

Reconciliation of Changes in the Company's Goodwill

Identifiable definite-lived and indefinite-lived intangible assets consist of the following:

	September 30, 2012							December 31, 2011
(in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Patents	$	152,268	$	(42,887	)	$	109,381	$	131,252	$	(17,393	)	$	113,859
Trademarks	70,678		(26,517		)	44,161		73,413		(23,885		)	49,528
Licensing agreements	30,507		(18,511		)	11,996		30,444		(17,277		)	13,167
Customer relationships	592,742		(143,687		)	449,055		411,626		(19,066		)	392,560
Total definite-lived	$	846,195	$	(231,602	)	$	614,593	$	646,735	$	(77,621	)	$	569,114
Trademarks and In-process R&D	$	227,158	$	—		$	227,158	$	221,986	$	—		$	221,986
Total identifiable intangible assets	$	1,073,353	$	(231,602	)	$	841,751	$	868,721	$	(77,621	)	$	791,100

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FINANCIAL INSTRUMENTS AND DERIVATIVES Summary of Notional Amounts and Fair Value of the Company's Fair Value Hedges (Details) (USD $)	Sep. 30, 2012
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	$ (92,465,000)
Interest Rate Contract
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	5,070,000
Interest Rate Contract | More than Two and within Three Years from Balance Sheet Date [Member]
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Notional Amount of Interest Rate Derivatives	45,000,000
Interest Rate Contract | More than Three and within Four Years from Balance Sheet Date [Member]
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Notional Amount of Interest Rate Derivatives	60,000,000
Interest Rate Contract | More than Five Years from Balance Sheet Date and Thereafter
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Notional Amount of Interest Rate Derivatives	45,000,000
Us Dollar Denominated [Member] | Interest Rate Contract
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Derivative Assets (Liabilities), at Fair Value, Net	5,070,000
Us Dollar Denominated [Member] | Interest Rate Contract | More than Two and within Three Years from Balance Sheet Date [Member]
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Notional Amount of Interest Rate Derivatives	45,000,000
Us Dollar Denominated [Member] | Interest Rate Contract | More than Three and within Four Years from Balance Sheet Date [Member]
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Notional Amount of Interest Rate Derivatives	60,000,000
Us Dollar Denominated [Member] | Interest Rate Contract | More than Five Years from Balance Sheet Date and Thereafter
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Notional Amount of Interest Rate Derivatives	45,000,000
Fair Value Hedging [Member]
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Interest Rate Derivatives, at Fair Value, Net	$ 5,100,000

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GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements [Abstract]

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS

A reconciliation of changes in the Company’s goodwill is as follows:

(in thousands)	Dental Consumable and Laboratory Businesses		Orthodontics/Canada/Mexico/Japan		Select Distribution Businesses			Implants/Endodontics/Healthcare/Pacific Rim			Total
Balance at December 31, 2011	$	484,779	$	102,950	$	108,566		$	1,493,768		$	2,190,063
Adjustment of provisional amounts on prior acquisition	—		—		—			(122,130		)	(122,130		)
Business unit transfer	—		—		(336		)	336			—
Effects of exchange rate changes	3,278		776		(5,627		)	141,053			139,480
Balance at September 30, 2012	$	488,057	$	103,726	$	102,603		$	1,513,027		$	2,207,413

Identifiable definite-lived and indefinite-lived intangible assets consist of the following:

	September 30, 2012							December 31, 2011
(in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Patents	$	152,268	$	(42,887	)	$	109,381	$	131,252	$	(17,393	)	$	113,859
Trademarks	70,678		(26,517		)	44,161		73,413		(23,885		)	49,528
Licensing agreements	30,507		(18,511		)	11,996		30,444		(17,277		)	13,167
Customer relationships	592,742		(143,687		)	449,055		411,626		(19,066		)	392,560
Total definite-lived	$	846,195	$	(231,602	)	$	614,593	$	646,735	$	(77,621	)	$	569,114
Trademarks and In-process R&D	$	227,158	$	—		$	227,158	$	221,986	$	—		$	221,986
Total identifiable intangible assets	$	1,073,353	$	(231,602	)	$	841,751	$	868,721	$	(77,621	)	$	791,100

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SIGNIFICANT ACCOUNTING POLICIES Additional Information (Details) (USD $)	Sep. 30, 2012	Dec. 31, 2011
Significant Accounting Policies [Line Items]
Net unrealized holding gains on available for-sale securities	$ 29,903,000	$ (516,000)
Trade Accounts Receivable
Significant Accounting Policies [Line Items]
Allowance for doubtful accounts	16,300,000	15,800,000
Noncurrent Assets Member
Significant Accounting Policies [Line Items]
Available-for-sale securities, fair value of DIO bond	91,200,000	47,800,000
Net unrealized holding gains on available for-sale securities	$ 29,900,000	$ 500,000

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SIGNIFICANT ACCOUNTING POLICIES (Policies)

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements [Abstract]

Accounts and Notes Receivable-Trade

Accounts and Notes Receivable

The Company sells dental and certain healthcare products through a worldwide network of distributors and directly to end users.  For customers on credit terms, the Company performs ongoing credit evaluations of those customers' financial condition and generally does not require collateral from them.  The Company establishes allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments based on historical averages of aged receivable balances and the Company’s experience in collecting those balances, customer specific circumstances, as well as changes in the economic and political environments.  The Company records a provision for doubtful accounts, which is included in “Selling, general and administrative expenses.”

Marketable Security

Marketable Securities

The Company’s marketable securities consist of corporate convertible bonds that are classified as available-for-sale in “Other noncurrent assets, net” on the consolidated balance sheets as the instruments mature in December 2015. The Company determined the appropriate classification at the time of purchase and will re-evaluate such designation as of each balance sheet date. In addition, the Company reviews the securities each quarter for indications of possible impairment. If an impairment is identified, the determination of whether the impairment is temporary or other-than-temporary requires significant judgment. The primary factors that the Company considers in making this judgment include the extent and time the fair value of each investment has been below cost and the existence of a credit loss. If a decline in fair value is judged other-than-temporary, the basis of the securities is written down to fair value and the amount of the write-down is included as a realized loss in the consolidated statement of operations. Changes in fair value are reported in accumulated other comprehensive income (“AOCI”).

 The convertible feature of the bonds has not been bifurcated from the underlying bonds as the feature does not contain a net-settlement feature, nor would the Company be able to achieve a hypothetical net-settlement that would substantially place the Company in a comparable cash settlement position.  As such, the derivative is not accounted for separately from the bond.  The cash paid by the Company was equal to the face value of the bonds issued, and therefore, the Company has not recorded any bond premium or discount on acquiring the bonds. 

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES

The accounting policies of the Company, as applied in the interim consolidated financial statements presented herein are substantially the same as presented in the Company’s Form 10-K for the year ended December 31, 2011, except as may be indicated below:

Accounts and Notes Receivable

The Company sells dental and certain healthcare products through a worldwide network of distributors and directly to end users.  For customers on credit terms, the Company performs ongoing credit evaluations of those customers' financial condition and generally does not require collateral from them.  The Company establishes allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments based on historical averages of aged receivable balances and the Company’s experience in collecting those balances, customer specific circumstances, as well as changes in the economic and political environments.  The Company records a provision for doubtful accounts, which is included in “Selling, general and administrative expenses.”

Accounts and notes receivables – trade, net are stated net of allowances for doubtful accounts and trade discounts, which was $16.3 million at September 30, 2012 and $15.8 million at December 31, 2011.

Marketable Securities

The Company’s marketable securities consist of corporate convertible bonds that are classified as available-for-sale in “Other noncurrent assets, net” on the consolidated balance sheets as the instruments mature in December 2015. The Company determined the appropriate classification at the time of purchase and will re-evaluate such designation as of each balance sheet date. In addition, the Company reviews the securities each quarter for indications of possible impairment. If an impairment is identified, the determination of whether the impairment is temporary or other-than-temporary requires significant judgment. The primary factors that the Company considers in making this judgment include the extent and time the fair value of each investment has been below cost and the existence of a credit loss. If a decline in fair value is judged other-than-temporary, the basis of the securities is written down to fair value and the amount of the write-down is included as a realized loss in the consolidated statement of operations. Changes in fair value are reported in accumulated other comprehensive income (“AOCI”).

 The convertible feature of the bonds has not been bifurcated from the underlying bonds as the feature does not contain a net-settlement feature, nor would the Company be able to achieve a hypothetical net-settlement that would substantially place the Company in a comparable cash settlement position.  As such, the derivative is not accounted for separately from the bond.  The cash paid by the Company was equal to the face value of the bonds issued, and therefore, the Company has not recorded any bond premium or discount on acquiring the bonds.  The fair value of the bonds was $91.2 million and $47.8 million at September 30, 2012 and December 31, 2011, respectively.  At September 30, 2012 and December 31, 2011, an unrealized holding gain of $29.9 million and a unrealized holding loss of $0.5 million, respectively, on available-for-sale securities, net of tax, had been recorded in AOCI. 

New Accounting Pronouncements

In June 2011, the Financial Accounting Standards Board (“FASB”) amended its rules regarding the presentation of comprehensive income.  The objective of this amendment is to improve the comparability, consistency and transparency of financial reporting and to increase the prominence of items reported in other comprehensive income.  Specifically, this amendment requires that all non-owner changes in shareholders' equity be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements.  The new rules became effective during interim and annual periods beginning after December 15, 2011, with the exception of the requirement to present reclassification adjustments from other comprehensive income to net income on the face of the financial statements, which has been deferred pending further deliberation by the FASB.  Because the standard only impacts the presentation of comprehensive income and does not impact what is included in comprehensive income, the standard does not have a significant impact on the Company's consolidated financial statements. The Company adopted this accounting standard during the quarter ended March 31, 2012.

In September 2011, the FASB issued Accounting Standards Update ("ASU") No. 2011-08, “Intangibles – Goodwill and Other (Topic 350): Testing Goodwill for Impairment”. This newly issued accounting standard is intended to reduce the cost and complexity of the annual goodwill impairment test by providing entities an option to perform a "qualitative" assessment to determine whether further impairment testing is necessary. Under the revised standard, an entity has the option to first assess qualitative factors to determine whether it is necessary to perform the current two-step impairment test. If an entity believes, as a result of its qualitative assessment, that it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount, the quantitative impairment test is required; otherwise, no further testing is required. Prior to the issuance of the revised standard, an entity was required to perform step one of the impairment test at least annually by calculating and comparing the fair value of a reporting unit to its carrying amount. Under the revised standard, if an entity determines that step one is necessary and the fair value of the reporting unit is less than its carrying amount, then step two of the test will continue to be required to measure the amount of the impairment loss, if any. These amendments do not change the current guidance for testing other indefinite-lived intangible assets for impairment. This ASU is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. The Company adopted this standard for the quarter ended June 30, 2012 and it did not impact the Company’s financial position or results from operations.

In July 2012, the FASB issued ASU No. 2012-02, "Intangibles - Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment". This newly issued accounting standard is intended to reduce the cost and complexity of the annual indefinite-lived intangible asset impairment test by providing entities an option to perform a qualitative assessment to determine whether further impairment testing is necessary. Under the revised standard, an entity has the option to first assess qualitative factors to determine whether it is necessary to perform the current two-step impairment test. If an entity believes, as a result of its qualitative assessment, that it is more-likely-than-not that an indefinite-lived intangible asset is less than its carrying amount, the quantitative impairment test is required; otherwise, no further testing is required. Prior to the issuance of the revised standard, an entity was required to perform step one of the impairment test at least annually by calculating and comparing the fair value of an indefinite-lived intangible asset to its carrying amount. Under the revised standard, if an entity determines that step one is necessary and the indefinite-lived intangible asset is less than its carrying amount, then step two of the test will continue to be required to measure the amount of the impairment loss, if any. This ASU is effective for annual and interim indefinite-lived intangible asset impairment tests performed for fiscal years beginning after September 15, 2012. The Company expects to adopt this standard for the quarter ended March 31, 2013. The adoption of this standard will not impact the Company's financial position or results of operations.

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FINANCIAL INSTRUMENTS AND DERIVATIVES Impact of the Companys Fair Value Hedges (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	$ 985	$ (1,415)	$ 1,000	$ (3,337)
Cash Flow Hedging | Interest Expense
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	789	3,207	2,274	6,651
Interest Rate Contract | Cash Flow Hedging | Interest Expense
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	$ 789	$ 3,207	$ 2,274	$ 6,651

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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (USD $) In Thousands, unless otherwise specified	Total	Common Stock	Capital in Excess of Par Value	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Total DENTSPLY International Equity	Noncontrolling Interests
Beginning Balance at Dec. 31, 2010	$ 1,909,912	$ 1,628	$ 204,902	$ 2,320,350	$ 24,156	$ (711,650)	$ 1,839,386	$ 70,526
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	206,053			203,917			203,917	2,136
Other comprehensive income (loss)	(167,735)				(168,977)		(168,977)	1,242
Acquisition of noncontrolling interest	(16,431)		22,439				20,577	(37,008)
Exercise of stock options	36,543		(12,439)			48,982	36,543
Tax benefit from stock options exercised	6,704		6,704				6,704
Share based compensation expense	15,410		15,410				15,410
Funding of Employee Stock Ownership Plan	2,974		379			2,595	2,974
Treasury shares purchased	(79,500)					(79,500)	(79,500)
Dividends paid by noncontrolling interest	174
RSU distributions	(2,157)		(5,707)			3,550	(2,157)
RSU dividends			137	(137)
Cash dividends ($0.165 in 2012, $0.15 in 2011 per share)	(21,185)			(21,185)			(21,185)
Ending Balance at Sep. 30, 2011	1,890,414	1,628	231,825	2,502,945	(146,683)	(736,023)	1,853,692	36,722
Beginning Balance at Dec. 31, 2011	1,884,151	1,628	229,687	2,535,709	(190,970)	(727,977)	1,848,077	36,074
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	190,561			187,413			187,413	3,148
Other comprehensive income (loss)	94,765				95,191		95,191	(426)
Exercise of stock options	24,830		(8,449)			33,279	24,830
Tax benefit from stock options exercised	11,201		11,201				11,201
Share based compensation expense	17,248		17,248				17,248
Funding of Employee Stock Ownership Plan	3,642		370			3,272	3,642
Treasury shares purchased	(38,839)					(38,839)	(38,839)
RSU distributions	(3,289)		(8,386)			5,097	(3,289)
RSU dividends			173	(173)
Cash dividends ($0.165 in 2012, $0.15 in 2011 per share)	(23,403)			(23,403)			(23,403)
Ending Balance at Sep. 30, 2012	$ 2,160,867	$ 1,628	$ 241,844	$ 2,699,546	$ (95,779)	$ (725,168)	$ 2,122,071	$ 38,796

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Net income	$ 54,292	$ 61,200	$ 190,561	$ 206,053
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	104,168	(279,384)	58,893	(126,617)
Net gain (loss) on derivative financial instruments	(11,214)	33,115	3,743	(30,288)
Net unrealized holding (loss) gain on available-for-sale securities	15,373	(9,136)	30,419	(11,167)
Pension liability adjustments	44	2,370	1,710	337
Total other comprehensive (loss) income	108,371	(253,035)	94,765	(167,735)
Total comprehensive (loss) income	162,663	(191,835)	285,326	38,318
Less: Comprehensive (loss) income attributable to noncontrolling interests	1,366	(4,098)	2,722	3,378
Comprehensive (loss) income attributable to DENTSPLY International	$ 161,297	$ (187,737)	$ 282,604	$ 34,940

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RESTRUCTURING AND OTHER COSTS

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements [Abstract]

RESTRUCTURING AND OTHER COSTS

RESTRUCTURING AND OTHER COSTS

Restructuring Costs

During the three and nine months ended September 30, 2012, the Company recorded restructuring costs of $10.0 million and $13.4 million, respectively. During 2012, the Company initiated several restructuring plans primarily related to the integration, reorganization and closure or consolidation of certain production and selling facilities in order to better leverage the Company’s resources by minimizing costs and obtaining operational efficiencies. During the three and nine months ended September 30, 2011, the Company recorded restructuring costs of $0.8 million and $1.5 million, respectively, related to employee severance costs.  These costs are recorded in “Restructuring and other costs” in the consolidated statements of operations and the associated liabilities are recorded in "Accrued liabilities" in the consolidated balance sheets.

At September 30, 2012, the Company’s restructuring accruals were as follows:

	Severance
(in thousands)	2010 and Prior Plans			2011 Plans			2012 Plans			Total
Balance at December 31, 2011	$	3,380		$	1,281		$	—		$	4,661
Provisions and adjustments	—			564			11,847			12,411
Amounts applied	(1,000		)	(982		)	(2,414		)	(4,396		)
Balance at September 30, 2012	$	2,380		$	863		$	9,433		$	12,676

	Lease/Contract Terminations
(in thousands)	2010 and Prior Plans			2012 Plans			Total
Balance at December 31, 2011	$	1,011		$	—		$	1,011
Provisions and adjustments	—			296			296
Amounts applied	(189		)	(127		)	(316		)
Balance at September 30, 2012	$	822		$	169		$	991

	Other Restructuring Costs
(in thousands)	2010 and Prior Plans		2012 Plans			Total
Balance at December 31, 2011	$	34	$	—		$	34
Provisions and adjustments	—		728			728
Amounts applied	—		(722		)	(722		)
Balance at September 30, 2012	$	34	$	6		$	40

The following table provides the year-to-date changes in the restructuring accruals by segment:

(in thousands)	December 31, 2011		Provisions and Adjustments		Amounts Applied			September 30, 2012
Dental Consumable and Laboratory Businesses	$	3,601	$	8,938	$	(1,389	)	$	11,150
Orthodontics/Canada/Mexico/Japan	240		1,118		(951		)	407
Implants/Endodontics/Healthcare/Pacific Rim	1,865		3,379		(3,094		)	2,150
	$	5,706	$	13,435	$	(5,434	)	$	13,707

Other Costs

Other costs for the three and nine months ended September 30, 2012, were $5.1 million and $5.5 million, respectively. The other costs included impairments of certain previously acquired technologies, the impact of the U.S. presidential executive order updating trade sanctions and settlement of legal matters. On October 9, 2012, President Obama issued an executive order making it illegal for non-U.S. subsidiaries of U.S. companies to engage in certain transactions involving Iran without a license.  The Company has reserved appropriate allowances against accounts receivable of its controlled foreign subsidiaries and have discontinued such sales.  There can be no assurance as to when such sales may be resumed to this region. During the three and nine months ended September 30, 2011, the Company recorded other costs of $25.5 million and $32.3 million, respectively, which were related to the Astra Tech acquisition, legal settlement costs and impairments of certain previously acquired technology.

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Document and Entity Information	9 Months Ended
	Sep. 30, 2012	Oct. 22, 2012
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2012
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q3
Trading Symbol	XRAY
Entity Registrant Name	DENTSPLY INTERNATIONAL INC /DE/
Entity Central Index Key	0000818479
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		141,928,671

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FINANCIAL INSTRUMENTS AND DERIVATIVES

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements [Abstract]

FINANCIAL INSTRUMENTS AND DERIVATIVES

FINANCIAL INSTRUMENTS AND DERIVATIVES

Derivative Instruments and Hedging Activities

The Company's activities expose it to a variety of market risks, which primarily include the risks related to the effects of changes in foreign currency exchange rates, interest rates and commodity prices. These financial exposures are monitored and managed by the Company as part of its overall risk management program. The objective of this risk management program is to reduce the volatility that these market risks may have on the Company's operating results and equity. The Company employs derivative financial instruments to hedge certain anticipated transactions, firm commitments, or assets and liabilities denominated in foreign currencies. Additionally, the Company utilizes interest rate swaps to convert variable rate debt to fixed rate debt and to convert fixed rate debt to variable rate debt, cross currency basis swaps to convert debt denominated in one currency to another currency and commodity swaps to fix certain variable raw material costs.

Derivative Instruments Not Designated as Hedging

The Company enters into derivative financial instruments to hedge the foreign exchange revaluation risk associated with recorded assets and liabilities that are denominated in a non-functional currency. The gains and losses on these derivative transactions offset the gains and losses generated by the revaluation of the underlying non-functional currency balances and are recorded in “Other expense (income), net” on the consolidated statements of operations. The Company primarily uses forward foreign exchange contracts and cross currency basis swaps to hedge these risks. The Company's significant contracts outstanding as of September 30, 2012 are summarized in the tables that follow.

The Company wrote DIO equity option contracts ("equity options") to the original sellers of the DIO investment for the remaining DIO common shares held by the sellers. The equity options provide the sellers the ability to require the Company to purchase their remaining shares on hand at a price based on an agreed-upon formula at specific time frames in the future. The sellers are also allowed to sell their remaining shares on the open market. Changes in the fair value of the equity options are reported in “Other expense (income), net” on the consolidated statements of operations. This derivative is further discussed in Note 11, Fair Value Measurement.

Cash Flow Hedges

Foreign Exchange Risk Management

The Company uses a layered hedging program to hedge select anticipated foreign currency cash flows to reduce volatility in both cash flows and reported earnings of the consolidated Company. The Company accounts for the foreign exchange forward contracts as cash flow hedges. As a result, the Company records the fair value of the contracts primarily through AOCI based on the tested effectiveness of the foreign exchange forward contracts. The Company measures the effectiveness of cash flow hedges of anticipated transactions on a spot-to-spot basis rather than on a forward-to-forward basis. Accordingly, the spot-to-spot change in the derivative fair value will be deferred in AOCI and released and recorded on the consolidated statements of operations in the same period that the hedged transaction is recorded. The time value component of the fair value of the derivative is deemed ineffective and is reported currently in “Other expense (income), net” on the consolidated statements of operations in the period which it is applicable. Any cash flows associated with these instruments are included in cash from operations in accordance with the Company's policy of classifying the cash flows from these instruments in the same category as the cash flows from the items being hedged.

These foreign exchange forward contracts generally have maturities up to eighteen months and the counterparties to the transactions are typically large international financial institutions. The Company's significant contracts outstanding as of September 30, 2012 are summarized in the tables that follow.

Interest Rate Risk Management

The Company uses interest rate swaps to convert a portion of its variable interest rate debt to fixed interest rate debt. As of September 30, 2012, the Company has two groups of significant interest rate swaps. One of the groups of swaps has notional amounts totaling 12.6 billion Japanese yen, and effectively converts the underlying variable interest rates to an average fixed interest rate of 0.2% for a term of three years, ending in September 2014. Another swap has a notional amount of 65.0 million Swiss francs, and effectively converts the underlying variable interest rates to a fixed interest rate of 0.7% for a term of five years, ending in September 2016.

The Company enters into interest rate swap contracts infrequently as they are only used to manage interest rate risk on long-term debt instruments and not for speculative purposes. The Company's significant contracts outstanding as of September 30, 2012 are summarized in the tables that follow.

Commodity Risk Management

The Company selectively enters into commodity swaps to effectively fix certain variable raw material costs. These swaps are used purely to stabilize the cost of components used in the production of certain of the Company's products. The Company generally accounts for the commodity swaps as cash flow hedges. As a result, the Company records the fair value of the contracts primarily through AOCI based on the tested effectiveness of the commodity swaps. The Company measures the effectiveness of cash flow hedges of anticipated transactions on a spot-to-spot basis rather than on a forward-to-forward basis. Accordingly, the spot-to-spot change in the derivative fair value will be deferred in AOCI and released and recorded on the consolidated statements of operations in the same period that the hedged transaction is recorded. The time value component of the fair value of the derivative is deemed ineffective and is reported currently in “Interest expense” on the consolidated statements of operations in the period which it is applicable. Any cash flows associated with these instruments are included in cash from operations in accordance with the Company's policy of classifying the cash flows from these instruments in the same category as the cash flows from the items being hedged.

At September 30, 2012, the Company had swaps in place to purchase 550 troy ounces of platinum bullion for use in production at an average fixed rate of $1,466 per troy ounce.  In addition, the Company had swaps in place to purchase 48,170 troy ounces of silver bullion for use in production at an average fixed rate of $28 per troy ounce.

The following tables summarize the notional amounts and fair value of the Company's cash flow hedges and non-designated derivatives at September 30, 2012:

Foreign Exchange Forward Contracts	Notional Amounts Maturing in the Year									Fair Value Net Asset (Liability)
(in thousands)	2012			2013			2014			September 30, 2012
Forward sale, 10.5 million Australian dollars	$	4,293		$	5,410		$	754		$	(229	)
Forward purchase, 6.6 million British pounds	(10,404		)	(199		)	—			18
Forward sale, 44.4 million Canadian dollars	13,856			26,851			4,022			(650		)
Forward purchase, 21.1 million Danish kroner	(3,646		)	—			—			(33		)
Forward sale, 238.0 million euros	141,636			142,656			22,067			(3,205		)
Forward purchase, 0.1 billion Japanese yen	11,742			(11,768		)	(1,744		)	170
Forward sale, 162.6 million Mexican pesos	12,643			—			—			(229		)
Forward purchase, 2.3 million Norwegian kroner	(399		)	—			—			2
Forward sale, 3.9 million Polish zlotys	1,231			—			—			2
Forward sale, 2.9 million Singapore dollars	2,391			—			—			(13		)
Forward sale, 5.5 billion South Korean won	4,947			—			—			(49		)
Forward purchase, 1.0 billion Swedish kronor	(43,974		)	(86,327		)	(12,911		)	6,055
Forward purchase, 38.4 million Swiss francs	(67,306		)	23,753			3,403			838
Forward sale, 32.6 million Taiwanese dollars	1,113			—			—			(8		)
Total foreign exchange forward contracts	$	68,123		$	100,376		$	15,591		$	2,669

Interest Rate Swaps	Notional Amounts Maturing in the Year										Fair Value Net Asset (Liability)
(in thousands)	2012		2013		2014		2015		2016 and Beyond		September 30, 2012
Euro	$	303	$	1,214	$	928	$	928	$	2,088	$	(554	)
Japanese yen	—		—		160,981		—		—		148
Swiss francs	—		—		—		—		69,134		(1,405		)
Total interest rate swaps	$	303	$	1,214	$	161,909	$	928	$	71,222	$	(1,811	)

Commodity Swap Contracts	Notional Amounts Maturing in the Year				Fair Value Net  Asset (Liability)
(in thousands)	2012		2013		September 30, 2012
Silver swap - U.S. dollar	$	955	$	719	$	312
Platinum swap - U.S. dollar	546		374		112
Total commodity swap contracts	$	1,501	$	1,093	$	424

Cross Currency Basis Swap	Notional Amounts Maturing in the Year		Fair Value Net Asset (Liability)
(in thousands)	2014		September 30, 2012
Euro 449.8 million @ $1.45  pay USD 3 mth. LIBOR receive EUR 3 mth. EURIBOR	$	578,083	$	(71,067	)
Total cross currency basis swap	$	578,083	$	(71,067	)

At September 30, 2012, deferred net gains on derivative instruments of $3.6 million, which were recorded in AOCI, are expected to be reclassified to current earnings during the next twelve months. This reclassification is primarily due to the sale of inventory that includes hedged purchases and recognized interest expense on interest rate swaps. The maximum term over which the Company is hedging exposures to variability of cash flows (for all forecasted transactions, excluding interest payments on variable interest rate debt) is eighteen months. Overall, the derivatives designated as cash flow hedges are highly effective. Any cash flows associated with these instruments are included in cash from operations in accordance with the Company's policy of classifying the cash flows from these instruments in the same category as the cash flows from the items being hedged.

Hedges of Net Investments in Foreign Operations

The Company has numerous investments in foreign subsidiaries. The net assets of these subsidiaries are exposed to volatility in currency exchange rates. Currently, the Company uses both non-derivative financial instruments, including foreign currency denominated debt held at the parent company level and derivative financial instruments to hedge some of this exposure. Translation gains and losses related to the net assets of the foreign subsidiaries are offset by gains and losses in the non-derivative and derivative financial instruments designated as hedges of net investments, which are included in AOCI.

At September 30, 2012 and December 31, 2011, the Company had Swiss franc-denominated and Japanese yen-denominated debt and cross currency basis swaps denominated in euro and Swiss franc to hedge the currency exposure related to a designated portion of the net assets of its European, Swiss and Japanese subsidiaries. The fair value of the cross currency interest rate swap agreements is the estimated amount the Company would (pay) receive at the reporting date, taking into account the effective interest rates and foreign exchange rates. At September 30, 2012 and December 31, 2011, the estimated net fair values of the cross currency interest rate swap agreements was a liability of $92.5 million and a liability of $111.9 million, respectively, which are recorded in AOCI, net of tax effects. At September 30, 2012 and December 31, 2011, the accumulated translation gain (loss) on investments in foreign subsidiaries, primarily denominated in euros, Swiss francs, Japanese yen and Swedish krona, net of these net investment hedges, were $81.1 million in losses and $143.7 million in losses, respectively, which were included in AOCI, net of tax effects.

The following tables summarize the notional amounts and fair value of the Company's cross currency basis swaps that are designated as hedges of net investments in foreign operations at September 30, 2012:

Cross Currency Basis Swaps	Notional Amounts Maturing in the Year							Fair Value Net Asset (Liability)
(in thousands)		2013		2014		2015		September 30, 2012
Swiss franc 592.5 million @ 1.09 pay CHF 3 mth. LIBOR receive USD 3 mth. LIBOR		$	484,471	$	85,514	$	60,200	$	(85,201	)
Euro 618.0 million @ $1.27 pay EUR 3 mth. EURIBOR receive USD 3 mth. LIBOR		794,315		—		—		(7,264		)
Total cross currency basis swaps		$	1,278,786	$	85,514	$	60,200	$	(92,465	)

Fair Value Hedges

Effective April 4, 2011, the Company entered into a group of U.S. dollar denominated interest rate swaps with an initial total notional value of $150.0 million to effectively convert the underlying fixed interest rate of 4.1% on the Company's $250.0 million Private Placement Notes ("PPN") to variable rate for a term of five years, ending February 2016. The notional value of the swaps will decline proportionately as portions of the PPN mature. These interest rate swaps are designated as fair value hedges of the interest rate risk associated with the hedged portion of the fixed rate PPN. Accordingly, the Company will carry the portion of the hedged debt at fair value, with the change in debt and swaps offsetting each other in the income statement. At September 30, 2012, the estimated net fair value of these interest rate swaps was an asset of $5.1 million.

The following tables summarize the notional amounts and fair value of the Company's fair value hedges at September 30, 2012:

Interest Rate Swap	Notional Amounts Maturing in the Year						Fair Value Net Asset (Liability)
(in thousands)	2014		2015		2016 and Beyond		September 30, 2012
U.S. dollars	$	45,000	$	60,000	$	45,000	$	5,070
Total interest rate swap	$	45,000	$	60,000	$	45,000	$	5,070

The following tables summarize the fair value and consolidated balance sheet location of the Company's derivatives at September 30, 2012 and December 31, 2011:

	September 30, 2012
(in thousands)	Prepaid Expenses and Other Current Assets		Other Noncurrent Assets, Net		Accrued Liabilities		Other Noncurrent Liabilities
Designated as Hedges
Foreign exchange forward contracts	$	4,983	$	788	$	1,169	$	477
Commodity contracts	424		—		—		—
Interest rate swaps	2,591		3,125		—		1,903
Cross currency basis swaps	—		23,044		87,556		27,953
Total	$	7,998	$	26,957	$	88,725	$	30,333
Not Designated as Hedges
Foreign exchange forward contracts	$	3,107	$	—	$	4,563	$	—
DIO equity option contracts	—		—		—		191
Interest rate swaps	—		—		114		440
Cross currency basis swaps	—		—		—		71,067
Total	$	3,107	$	—	$	4,677	$	71,698

	December 31, 2011
(in thousands)	Prepaid Expenses and Other Current Assets		Other Noncurrent Assets, Net		Accrued Liabilities		Other Noncurrent Liabilities
Designated as Hedges
Foreign exchange forward contracts	$	5,464	$	896	$	641	$	107
Commodity contracts	—		15		257		2
Interest rate swaps	2,539		3,160		—		1,050
Cross currency basis swaps	—		19,838		13,790		117,974
Total	$	8,003	$	23,909	$	14,688	$	119,133
Not Designated as Hedges
Foreign exchange forward contracts	$	1,943	$	—	$	3,150	$	—
DIO equity option contracts	—		—		—		419
Interest rate swaps	—		—		105		476
Cross currency basis swaps	—		—		—		67,690
Total	$	1,943	$	—	$	3,255	$	68,585

The following tables summarize the statements of operations impact of the Company's cash flow hedges for the three and nine months ended September 30, 2012 and 2011:

Three Months Ended September 30, 2012
Derivatives in Cash Flow Hedging
(in thousands)	Gain (Loss) in AOCI			Classification of Gains (Losses)	Effective Portion Reclassified from AOCI into Income
Interest rate contracts	$	(448	)	Interest expense	$	(899	)
Foreign exchange forward contracts	1,603			Cost of products sold	1,976
Foreign exchange forward contracts	(47		)	SG&A expenses	264
Commodity contracts	572			Cost of products sold	40
Total	$	1,680			$	1,381

Derivatives in Cash Flow Hedging
	Classification of Gains (Losses)	Ineffective portion Recognized in Income
(in thousands)
Foreign exchange forward contracts	Other expense (income), net	$	114
Commodity contracts	Interest expense	(14		)
Total		$	100

Three Months Ended September 30, 2011
Derivatives in Cash Flow Hedging
(in thousands)	Gain (Loss) in AOCI			Classification of Gains (Losses)	Effective Portion Reclassified from AOCI into Income
Interest rate swaps	$	(38,639	)	Interest expense	$	(1,415	)
Foreign exchange forward contracts	3,106			Cost of products sold	451
Foreign exchange forward contracts	501			SG&A expenses	(51		)
Commodity contracts	(98		)	Cost of products sold	11
Total	$	(35,130	)		$	(1,004	)

Derivatives in Cash Flow Hedging
(in thousands)	Classification of Gains (Losses)	Ineffective Portion Recognized in Income
Interest rate swaps	Other expense (income), net	$	(6,318	)
Foreign exchange forward contracts	Other expense (income), net	(351		)
Commodity contracts	Interest expense	3
Total		$	(6,666	)

Nine Months Ended September 30, 2012
Derivatives in Cash Flow Hedging
(in thousands)	Gain (Loss) in AOCI			Classification of Gains (Losses)	Effective Portion Reclassified from AOCI into Income
Interest rate swaps	$	(1,848	)	Interest expense	$	(2,701	)
Foreign exchange forward contracts	4,955			Cost of products sold	4,968
Foreign exchange forward contracts	255			SG&A expenses	721
Commodity contracts	829			Cost of products sold	90
Total	$	4,191			$	3,078

Derivatives in Cash Flow Hedging
(in thousands)	Classification of Gains (Losses)	Ineffective Portion Recognized in Income
Foreign exchange forward contracts	Other expense (income), net	$	592
Commodity contracts	Interest expense	(20		)
Total		$	572

Nine Months Ended September 30, 2011
Derivatives in Cash Flow Hedging
(in thousands)	Gain (Loss) in AOCI			Classification of Gains (Losses)	Effective Portion Reclassified from AOCI into Income
Interest rate swaps	$	(29,042	)	Interest expense	$	(3,984	)
Foreign exchange forward contracts	2,412			Cost of products sold	1,304
Foreign exchange forward contracts	40			SG&A expenses	(41		)
Commodity contracts	(42		)	Cost of products sold	208
Total	$	(26,632	)		$	(2,513	)

Derivatives in Cash Flow Hedging
(in thousands)	Classification of Gains (Losses)	Ineffective Portion Recognized in Income
Interest rate swaps	Other expense (income), net	$	(6,151	)
Foreign exchange forward contracts	Interest expense	(403		)
Foreign exchange forward contracts	Other expense (income), net	(538		)
Commodity contracts	Interest expense	2
Total		$	(7,090	)

The following tables summarize the statements of operations impact of the Company's hedges of net investments for the three and nine months ended September 30, 2012 and 2011:

Three Months Ended September 30, 2012
Derivatives in Net Investment Hedging
(in thousands)	Gain (Loss) in AOCI			Classification of Gains (Losses)	Gain (Loss) Recognized in Income
Cross currency basis swaps	$	(18,055	)	Interest income	$	1,167
				Interest expense	(182		)
Total	$	(18,055	)		$	985

Three Months Ended September 30, 2011
Derivatives in Net Investment Hedging
(in thousands)	Gain (Loss) in AOCI		Classification of Gains (Losses)	Gain (Loss) Recognized in Income
Cross currency basis swaps	$	87,695	Interest income	$	177
			Interest expense	(1,592		)
Total	$	87,695		$	(1,415	)

Nine Months Ended September 30, 2012
Derivatives in Net Investment Hedging
(in thousands)	Gain (Loss) in AOCI		Classification of Gains (Losses)	Gain (Loss) Recognized in Income
Cross currency basis swaps	$	5,360	Interest income	$	2,800
			Interest expense	(1,800		)
Total	$	5,360		$	1,000

Nine Months Ended September 30, 2011
Derivatives in Net Investment Hedging
(in thousands)	Gain (Loss) in AOCI			Classification of Gains (Losses)	Gain (Loss) Recognized in Income
Cross currency basis swaps	$	(25,009	)	Interest income	$	546
				Interest expense	(3,883		)
Total	$	(25,009	)		$	(3,337	)

The following tables summarize the statements of operations impact of the Company's hedges of fair value for the three and nine months ended September 30, 2012 and 2011:

Derivatives in Fair Value Hedging
	Classification	Three Months Ended September 30,
(in thousands)	of Gains (Losses)	2012		2011
Interest rate swaps	Interest expense	$	789	$	3,207
Total		$	789	$	3,207

Derivatives in Fair Value Hedging
	Classification	Nine Months Ended September 30,
(in thousands)	of Gains (Losses)	2012		2011
Interest rate swaps	Interest expense	$	2,274	$	6,651
Total		$	2,274	$	6,651

The following table summarizes the statements of operations impact of the Company's hedges not designated as hedging for the three and nine months ended September 30, 2012 and 2011:

Derivatives Not Designated as Hedging
	Classification	Three Months Ended September 30,
(in thousands)	of Gains (Losses)	2012			2011
Foreign exchange forward contracts	Other expense (income), net	$	(5,033	)	$	(503	)
DIO equity option contracts	Other expense (income), net	406			366
Interest rate swaps	Interest expense	(49		)	(189		)
Cross currency basis swaps (a)	Other expense (income), net	8,815			(46,438		)
Cross currency basis swaps	Interest expense	(540		)	—
Cross currency basis swaps	Interest income	—			328
Total		$	3,599		$	(46,436	)

Derivatives Not Designated as Hedging
	Classification	Nine Months Ended September 30,
(in thousands)	of Gains (Losses)	2012			2011
Foreign exchange forward contracts	Other expense (income), net	$	(4,727	)	$	806
DIO equity option contracts	Other expense (income), net	229			392
Interest rate swaps	Interest expense	(136		)	(137		)
Cross currency basis swaps (a)	Other expense (income), net	(3,486		)	(46,438		)
Cross currency basis swaps	Interest expense	(801		)	—
Cross currency basis swaps	Interest income	446			328
Total		$	(8,475	)	$	(45,049	)

(a) The gains and losses on these derivative transactions offset the gains and losses generated by the revaluation of the underlying intercompany loans which are recorded in “Other expense (income), net” on the consolidated statements of operations.

Amounts recorded in AOCI related to cash flow hedging instruments at:

	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands, net of tax)	2012			2011			2012			2011
Beginning balance	$	(12,157	)	$	4,329		$	(12,737	)	$	(1,468	)
Changes in fair value of derivatives	1,253			(21,734		)	3,530			(17,446		)
Reclassifications to earnings from equity	(1,381		)	1,004			(3,078		)	2,513
Total activity	(128		)	(20,730		)	452			(14,933		)
Ending balance	$	(12,285	)	$	(16,401	)	$	(12,285	)	$	(16,401	)

Amounts recorded in AOCI related to hedges of net investments in foreign operations at:

	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands, net of tax)	2012			2011			2012			2011
Beginning balance	$	(173,764	)	$	123,042		$	(143,730	)	$	45,417
Foreign currency translation adjustment	106,541			(271,029		)	58,068			(118,532		)
Changes in fair value of:
Foreign currency debt	(2,811		)	(5,517		)	1,251			(11,189		)
Derivative hedge instruments	(11,086		)	55,356			3,291			(13,844		)
Total activity	92,644			(221,190		)	62,610			(143,565		)
Ending balance	$	(81,120	)	$	(98,148	)	$	(81,120	)	$	(98,148	)

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CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Current Assets:
Cash and cash equivalents	$ 56,075	$ 77,128
Accounts and notes receivable-trade, net	467,296	427,709
Inventories, net	415,922	361,762
Prepaid expenses and other current assets	189,685	146,304
Total Current Assets	1,128,978	1,012,903
Property, plant and equipment, net	602,670	591,445
Identifiable intangible assets, net	841,751	791,100
Goodwill, net	2,207,413	2,190,063
Other noncurrent assets, net	196,610	169,887
Total Assets	4,977,422	4,755,398
Current Liabilities:
Accounts payable	137,669	149,117
Accrued liabilities	373,005	289,201
Income taxes payable	18,206	9,054
Notes payable and current portion of long-term debt	411,840	276,701
Total Current Liabilities	940,720	724,073
Long-term debt	1,237,244	1,490,010
Deferred income taxes	319,834	249,822
Other noncurrent liabilities	318,757	407,342
Total Liabilities	2,816,555	2,871,247
Commitments and contingencies
Equity:
Preferred stock, $.01 par value; .25 million shares authorized; no shares issued	0	0
Common stock, $.01 par value; 200.0 million shares authorized; 162.8 million shares issued at September 30, 2012 and December 31, 2011	1,628	1,628
Capital in excess of par value	241,844	229,687
Retained earnings	2,699,546	2,535,709
Accumulated other comprehensive loss	(95,779)	(190,970)
Treasury stock, at cost, 20.8 million and 21.1 million shares at September 30, 2012 and December 31, 2011, respectively	(725,168)	(727,977)
Total DENTSPLY International Equity	2,122,071	1,848,077
Noncontrolling Interests	38,796	36,074
Total Equity	2,160,867	1,884,151
Total Liabilities and Equity	$ 4,977,422	$ 4,755,398

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EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements [Abstract]

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE

The dilutive effect of outstanding non-qualified stock options and RSU is reflected in diluted earnings per share by application of the treasury stock method. The following table sets forth the computation of basic and diluted earnings per common share for the three and nine months ended September 30, 2012 and 2011:

Basic Earnings Per Common Share Computation	Three Months Ended				Nine Months Ended
(in thousands, except per share amounts)	2012		2011		2012		2011
Net income attributable to DENTSPLY International	$	53,364	$	60,597	$	187,413	$	203,917
Common shares outstanding	141,843		141,349		141,767		141,337
Earnings per common share - basic	$	0.38	$	0.43	$	1.32	$	1.44
Diluted Earnings Per Common Share Computation
(in thousands, except per share amounts)
Net income attributable to DENTSPLY International	$	53,364	$	60,597	$	187,413	$	203,917
Common shares outstanding	141,843		141,349		141,767		141,337
Incremental shares from assumed exercise of dilutive options from stock-based compensation awards	2,041		2,046		2,118		2,241
Total shares	143,884		143,395		143,885		143,578
Earnings per common share - diluted	$	0.37	$	0.42	$	1.30	$	1.42

Options to purchase 3.8 million and 4.1 million shares of common stock that were outstanding during the three and nine months ended September 30, 2012, respectively, were not included in the computation of diluted earnings per share since the exercise prices for these options was greater than the average market price of the common shares and, therefore, the effect would be antidilutive.  There were 3.2 million and 3.5 million antidilutive shares of common stock outstanding during the three and nine months ended September 30, 2011, respectively.

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COMPREHENSIVE INCOME

9 Months Ended

Sep. 30, 2012

COMPREHENSIVE INCOME [Abstract]

Comprehensive Income

COMPREHENSIVE INCOME

During the quarter ended September 30, 2012, foreign currency translation adjustments included currency translation gains of $106.5 million and losses on the Company’s loans designated as hedges of net investments of $2.8 million.  During the quarter ended September 30, 2011, foreign currency translation adjustments included currency translation losses of $256.1 million and losses of $21.9 million on the Company’s loans designated as hedges of net investments.  During the nine months ended September 30, 2012, foreign currency translation adjustments included currency translation gains of $58.0 million and gains on the Company's loans designated as hedges of net investments of $1.3 million. During the nine months ended September 30, 2011, foreign currency translation adjustments included currency translation losses of $115.4 million and losses on the Company's loans designated as hedges as investments of $11.2 million. These foreign currency translation adjustments were offset by movements on derivative financial instruments, which are discussed in Note 10, Financial Instruments and Derivatives.

The balances included in AOCI, net of tax, in the consolidated balance sheets are as follows:

(in thousands)	September 30, 2012			December 31, 2011
Foreign currency translation adjustments	$	20,241		$	(39,078	)
Net loss on derivative financial instruments	(113,647		)	(117,390		)
Net unrealized holding gains (losses) on available-for-sale securities	29,903			(516		)
Pension liability adjustments	(32,276		)	(33,986		)
	$	(95,779	)	$	(190,970	)

The cumulative foreign currency translation adjustments included translation gains of $154.4 million and $96.3 million at September 30, 2012 and December 31, 2011, respectively, was offset by losses of $132.3 million and $133.5 million, respectively, on loans designated as hedges of net investments.  These foreign currency translation adjustments were partially offset by movements on derivatives financial instruments, which are discussed in Note 10, Financial Instruments and Derivatives.

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COMMITMENTS AND CONTINGENCIES

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements [Abstract]

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

Litigation

On June 18, 2004, Marvin Weinstat, DDS and Richard Nathan, DDS filed a class action suit in San Francisco County, California alleging that the Company misrepresented that its Cavitron® ultrasonic scalers are suitable for use in oral surgical procedures. The Complaint seeks a recall of the product and refund of its purchase price to dentists who have purchased it for use in oral surgery. The Court certified the case as a class action in June 2006 with respect to the breach of warranty and unfair business practices claims. The class that was certified is defined as California dental professionals who, at any time during the period beginning June 18, 2000 through September 14, 2012, purchased and used one or more Cavitron® ultrasonic scalers for the performance of oral surgical procedures on their patients, which Cavitrons® were accompanied at sale by Directions for Use that “Indicated” Cavitron® use for “periodontal debridement for all types of periodontal disease.” The case is pending in the San Francisco County Court. A Class Notice was mailed beginning September 14, 2012.

On December 12, 2006, a Complaint was filed by Carole Hildebrand, DDS and Robert Jaffin, DDS in the Eastern District of Pennsylvania (the Plaintiffs subsequently added Dr. Mitchell Goldman as a named class representative).  The case was filed by the same law firm that filed the Weinstat case in California.  The Complaint asserts putative class action claims on behalf of dentists located in New Jersey and Pennsylvania. The Complaint seeks damages and asserts that the Company's Cavitron® ultrasonic scaler was negligently designed and sold in breach of contract and warranty arising from misrepresentations about the potential uses of the product because it cannot assure the delivery of potable or sterile water. Following dismissal of the case for lack of jurisdiction, the plaintiffs filed a second complaint under the name of Dr. Hildebrand's corporate practice. The Company's motion to dismiss this new complaint was denied and the case will now proceed under the name “Center City Periodontists.”

The Company does not believe a loss is probable related to the above litigation. Further a reasonable estimate of a possible range of loss cannot be made.   In the event that one or more of these matters is unfavorably resolved, it is possible the Company's results from operations could be materially impacted.

The Company has received a subpoena from the United States Attorney's Office for the Southern District of Indiana (the “USAO”) and from the Office of Foreign Assets Control of the United States Department of the Treasury (“OFAC”) requesting documents and information related to compliance with export controls and economic sanctions regulations by certain of its subsidiaries. The Company has voluntarily contacted OFAC and the Bureau of Industry and Security of the United States Department of Commerce (“BIS”), in connection with these matters as well as regarding compliance with export controls and economic sanctions regulations by certain other business units of the Company identified in connection with an ongoing internal review by the Company. The Company is cooperating fully with the USAO, OFAC and BIS with respect to these matters.

At this stage of the inquiries, the Company is unable to predict the ultimate outcome of these matters or what impact, if any, the outcome of these matters might have on the Company's consolidated financial position, results of operations or cash flows. Violations of export control or economic sanctions laws or regulations may result in a range of possible penalties; however, at this time, no claims have been made against the Company.

In addition to the matters disclosed above, the Company is, from time to time, subject to a variety of litigation and similar proceedings incidental to its business.  These legal matters primarily involve claims for damages arising out of the use of the Company's products and services and claims relating to intellectual property matters, employment matters, tax matters, commercial disputes, competition and sales and trading practices, personal injury and insurance coverage.  The Company may also become subject to lawsuits as a result of past or future acquisitions or as a result of liabilities retained from, or representations, warranties or indemnities provided in connection with, divested businesses.  Some of these lawsuits may include claims for punitive and consequential, as well as compensatory damages.  Based upon the Company's experience, current information and applicable law, it does not believe that these proceedings and claims will have a material adverse effect on its consolidated results of operations, financial position or liquidity. However, in the event of unexpected further developments, it is possible that the ultimate resolution of these matters, or other similar matters, if unfavorable, may be materially adverse to the Company's business, financial condition, results of operations or liquidity.

While the Company maintains general, products, property, workers' compensation, automobile, cargo, aviation, crime, fiduciary and directors' and officers' liability insurance up to certain limits that cover certain of these claims, this insurance may be insufficient or unavailable to cover such losses.  In addition, while the Company believes it is entitled to indemnification from third parties for some of these claims, these rights may also be insufficient or unavailable to cover such losses.

Purchase Commitments

From time to time, the Company enters into long-term inventory purchase commitments with minimum purchase requirements for raw materials and finished goods to ensure the availability of products for production and distribution.  These commitments may have a significant impact on levels of inventory maintained by the Company.

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FAIR VALUE MEASUREMENT

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements [Abstract]

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT

The Company records financial instruments at fair value with unrealized gains and losses related to certain financial instruments reflected in AOCI on the consolidated balance sheets.  In addition, the Company recognizes certain liabilities at fair value.  The Company applies the market approach for recurring fair value measurements.  Accordingly, the Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs.

The fair value of financial instruments is determined by reference to various market data and other valuation techniques as appropriate. The Company believes the carrying amounts of cash and cash equivalents, accounts receivable (net of allowance for doubtful accounts), prepaid expenses and other current assets, accounts payable, accrued liabilities, income taxes payable and notes payable approximate fair value due to the short-term nature of these instruments.  The Company estimated the fair value and carrying value of total long-term debt, including the current portion, was $1,523.9 million and $1,488.3 million, respectively, at September 30, 2012.   At December 31, 2011, the Company estimated the fair value and carrying value, including the current portion, was $1,512.5 million and $1,491.4 million respectively.  The interest rate on the $450.0 million Senior Notes, the $300.0 million Senior Notes, and the $250.0 million PPN are fixed rates of 4.1%, 2.8% and 4.1%, respectively, and their fair value is based on the interest rates as of September 30, 2012. The interest rates on variable rate term loan debt and commercial paper are consistent with current market conditions, therefore the fair value of these instruments approximates their carrying values.

The following tables set forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis at September 30, 2012 and December 31, 2011, which are classified as “Cash and cash equivalents,” “Prepaid expenses and other current assets,” “Other noncurrent assets, net,” “Accrued liabilities,” and “Other noncurrent liabilities” in the consolidated balance sheets.  Financial assets and liabilities that are recorded at fair value as of the balance sheet date are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

	September 30, 2012
(in thousands)	Total		Level 1		Level 2		Level 3
Assets
Interest rate swaps	$	5,716	$	—	$	5,716	$	—
Commodity contracts	424		—		424		—
Cross currency basis swaps	23,044		—		23,044		—
Foreign exchange forward contracts	8,878		—		8,878		—
Corporate convertible bonds	91,171		—		—		91,171
Total assets	$	129,233	$	—	$	38,062	$	91,171
Liabilities
Interest rate swaps	$	2,457	$	—	$	2,457	$	—
Cross currency basis swaps	186,576		—		186,576		—
Foreign exchange forward contracts	6,209		—		6,209		—
Long term debt	155,131		—		155,131		—
DIO equity option contracts	191		—		—		191
Total liabilities	$	350,564	$	—	$	350,373	$	191

	December 31, 2011
(in thousands)	Total		Level 1		Level 2		Level 3
Assets
Money market funds	$	10,516	$	10,516	$	—	$	—
Interest rate swaps	5,699		—		5,699		—
Commodity contracts	15		—		15		—
Cross currency basis swaps	19,838		—		19,838		—
Foreign exchange forward contracts	8,303		—		8,303		—
Corporate convertible bonds	47,850		—		—		47,850
Total assets	$	92,221	$	10,516	$	33,855	$	47,850
Liabilities
Interest rate swaps	$	1,631	$	—	$	1,631	$	—
Commodity contracts	259		—		259		—
Cross currency basis swaps	199,454		—		199,454		—
Foreign exchange forward contracts	3,898		—		3,898		—
Long term debt	154,512		—		154,512		—
Contingent considerations on acquisitions	2,917		—		—		2,917
DIO equity option contracts	419		—		—		419
Total liabilities	$	363,090	$	—	$	359,754	$	3,336

Derivative valuations are based on observable inputs to the valuation model including interest rates, foreign currency exchange rates, future commodities prices and credit risks.  The commodity contracts, certain interest rate swaps and foreign exchange forward contracts are considered cash flow hedges and certain cross currency interest rate swaps are considered hedges of net investments in foreign operations as discussed in Note 10, Financial Instruments and Derivatives.

The Company uses the income method valuation technique to estimate the fair value of the DIO corporate bonds.  The significant unobservable inputs for valuing the corporate bonds are DIO Corporation’s stock volatility factor of approximately 40% and corporate bond rating which implies an approximately 15% discount rate on the valuation model.  Significant observable inputs used to value the corporate bonds include foreign exchange rates and DIO Corporation’s period-ending market stock price.

The Company has valued the DIO equity option contracts using a Monte Carlo simulation which uses several estimates and probability assumptions by management including the future stock price, the stock price as a multiple of DIO earnings and the probability of the sellers to reduce their shares held by selling into the open market.  The fair value of equity option contracts are reported in “Other noncurrent liabilities,” on the consolidated balance sheets and changes in the fair value are reported in “Other expense (income), net” in the consolidated statements of operations.

Certain purchase agreements for acquisitions completed after January 1, 2009 contain provisions where the seller could receive additional consideration based on the future operating performance of the acquired business.  In accordance with US GAAP, the Company has recorded the fair value of these additional payments on the acquisition date. The fair value was based on a probability-weighted average payout discounted using a market rate of approximately 5%.  The fair value is subject to management’s estimates at the time of the acquisition and is based upon Level 3 inputs.  The fair values of these additional payments are reported in “Other noncurrent liabilities,” in the consolidated balance sheets. 

The following table presents a reconciliation of the Company’s Level 3 holdings measured at fair value on a recurring basis using unobservable inputs:

(in thousands)	DIO Corporate Convertible Bonds			DIO Equity Options Contracts			Contingent Considerations
Balance at December 31, 2011	$	47,850		$	(424	)	$	2,917
Payments, gross	—			—			(2,493		)
Adjustments:
Reported in selling, general and administrative expense	—			—			(412		)
Unrealized gain:
Reported in AOCI	43,871			—			—
Unrealized loss:
Reported in other expense (income), net	—			229			—
Effects of exchange rate changes	(550		)	2			(12		)
Balance at September 30, 2012	$	91,171		$	(193	)	$	—

For the nine months ended September 30, 2012, there were no purchases, issuances or transfers of Level 3 financial instruments. The Company paid $2.5 million of contingent considerations during the nine months ended September 30, 2012.

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INVENTORIES

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements [Abstract]

INVENTORIES

INVENTORIES

Inventories are stated at the lower of cost or market.  At September 30, 2012 and December 31, 2011, inventories with a cost of $8.6 million, or 2.1% and $7.1 million, or 2.1%, respectively, were determined using the last-in, first-out (“LIFO”) method. The cost of the remaining inventories was determined using the first-in, first-out (“FIFO”) or average cost methods. If the FIFO method had been used to determine the cost of LIFO inventories, the amounts at which net inventories are stated would be higher than reported at September 30, 2012 and December 31, 2011 by $5.6 million and $5.6 million, respectively.

The Company establishes reserves for inventory in order to present inventories at net realizable value.  The inventory valuation reserves were $34.7 million and $35.1 million at September 30, 2012 and December 31, 2011, respectively.

Inventories, net of inventory valuation reserves, consist of the following:

(in thousands)	September 30, 2012		December 31, 2011
Finished goods	$	259,263	$	218,814
Work-in-process	69,264		66,952
Raw materials and supplies	87,395		75,996
	$	415,922	$	361,762

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RESTRUCTURING AND OTHER COSTS Restructuring Accruals (Detail) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012
Restructuring Reserve [Roll Forward]
Beginning Balance	$ 5,706
Provisions and adjustments	13,435
Amounts applied	(5,434)
Ending Balance	13,707
Employee Severance [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	4,661
Provisions and adjustments	12,411
Amounts applied	(4,396)
Ending Balance	12,676
Employee Severance [Member] | Restructuring Fiscal 2010 and Prior Plans [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	3,380
Provisions and adjustments	0
Amounts applied	(1,000)
Ending Balance	2,380
Employee Severance [Member] | Restructuring Fiscal 2012 Plan [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	0
Provisions and adjustments	11,847
Amounts applied	(2,414)
Ending Balance	9,433
Contract Termination
Restructuring Reserve [Roll Forward]
Beginning Balance	1,011
Provisions and adjustments	296
Amounts applied	(316)
Ending Balance	991
Contract Termination | Restructuring Fiscal 2010 and Prior Plans [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	1,011
Provisions and adjustments	0
Amounts applied	(189)
Ending Balance	822
Contract Termination | Restructuring Fiscal 2012 Plan [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	0
Provisions and adjustments	296
Amounts applied	(127)
Ending Balance	169
Other Restructuring
Restructuring Reserve [Roll Forward]
Beginning Balance	34
Provisions and adjustments	728
Amounts applied	(722)
Ending Balance	40
Other Restructuring | Restructuring Fiscal 2010 and Prior Plans [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	34
Provisions and adjustments	0
Amounts applied	0
Ending Balance	34
Other Restructuring | Restructuring Fiscal 2012 Plan [Member]
Restructuring Reserve [Roll Forward]
Beginning Balance	0
Provisions and adjustments	728
Amounts applied	(722)
Ending Balance	$ 6

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BUSINESS ACQUISITIONS

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements [Abstract]

BUSINESS ACQUISITIONS

BUSINESS ACQUISITIONS

On August 31, 2011, the Company acquired 100% of the outstanding common shares of Astra Tech, a leading developer, manufacturer and marketer of dental implants, customized implant abutments and consumable medical devices in the urology and surgery market segments. The acquisition was recorded in accordance with the business combinations provisions of US GAAP.  

The following table summarizes the final fair value of identifiable assets and liabilities assumed at the date of the acquisition. This table has been updated during the first nine months of 2012 to reflect the final fair value. The final valuation change resulted in increases to identifiable intangible assets relating mostly to customer relationships and deferred tax liabilities with a decrease to goodwill. The Company determined that it was not necessary to retroactively revise prior period financial statements as the changes were not material to the Company's consolidated financial statements.

(in thousands)
Inventory	$	84,659
Other Current assets	141,261
Property, plant and equipment	178,495
Identifiable intangible assets	844,100
Goodwill	947,150
Other long-term assets	14,963
Total assets	2,210,628
Current liabilities	107,243
Long-term liabilities	312,595
Total liabilities	419,838
Net assets	$	1,790,790

Other current assets consist primarily of trade accounts receivable of $101.9 million.  Current liabilities assumed are primarily comprised of accrued and other current liabilities of $80.1 million and trade accounts payable of $27.1 million.  Long-term liabilities assumed are primarily comprised of noncurrent deferred tax liabilities of $263.3 million and pension obligations of $49.3 million.

Inventory held by Astra Tech includes a fair value adjustment of $32.8 million.  The Company expensed this amount by December 31, 2011 as the acquired inventory was sold.

The valuation of tangible assets was derived using the combination of the income approach, the market approach and the cost approach. Significant judgments used in valuing tangible assets include estimated reproduction or replacement cost, useful lives of assets, estimated selling prices, costs to complete and reasonable profit.

Property, plant and equipment includes a fair value adjustment of $28.7 million and consists of land, buildings, plant and equipment.  Depreciable lives are estimated at 40 years for buildings and range from 5 to 15 years for plant and equipment.

The fair values assigned to identifiable intangible assets were determined through the use of the income approach, specifically the relief from royalty method and the multi-period excess earnings method. Both valuation methods rely on management’s judgments, including expected future cash flows resulting from existing customer relationships, customer attrition rates, contributory effects of other assets utilized in the business, peer group cost of capital and royalty rates as well as other factors.

Useful lives for identifiable intangible assets were determined based upon the remaining useful economic lives of the identifiable intangible assets that are expected to contribute to future cash flows.  The acquired identifiable intangible assets are being amortized on a straight-line basis over their expected useful lives.

Identifiable intangible assets acquired consist of the following:

(in thousands, except for useful life)	Amount		Useful Life (in years)
Customer relationships	$	494,700	15 - 18
Developed technology and patents	116,500		10
Trade names and trademarks	229,100		Indefinite
In-process research and development	3,800		—
Total	$	844,100

The $947.2 million of goodwill is attributable to the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired and liabilities assumed. The goodwill recognized is primarily attributable to cost savings and other synergies that the Company expects to realize through operational efficiencies.  All of the goodwill has been assigned to the Company's Implants/Endodontics/Healthcare/Pacific Rim segment and is not deductible for tax purposes.

The following unaudited pro forma financial information reflects the consolidated results of operations of the Company had the Astra Tech acquisition occurred on January 1, 2010.  These amounts were calculated after conversion to US GAAP, applying the Company’s accounting policies and adjusting Astra Tech’s results to reflect the additional depreciation and amortization that would have been charged assuming the fair value adjustments to property, plant and equipment, inventory and intangible assets had been applied from January 1, 2010, together with the consequential tax effects at the statutory rate.  These adjustments also reflect the additional interest expense incurred on the debt to finance the acquisition.

	Three Months Ended September 30,		Nine Months Ended September 30,
(in thousands, except per share data)	2011		2011
Net sales	$	707,683	$	2,184,998
Net income attributable to DENTSPLY	$	52,903	$	195,602
Diluted earnings per common share	$	0.37	$	1.36

The pro forma financial information is based on the Company's final assignment of purchase price of the fair value of identifiable assets acquired and liabilities assumed. The Astra Tech financial information has been compiled in a manner consistent with the accounting policies adopted by DENTSPLY. Pro forma results do not include any anticipated synergies or other anticipated benefits of the acquisition. Accordingly, the unaudited pro forma financial information is not necessarily indicative of either future results of operations or results that might have been achieved had the acquisition occurred on January 1, 2010.  While the Company completed other transactions during the pro forma periods presented above, these transactions were immaterial to the Company’s net sales and net income attributable to DENTSPLY.

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SEGMENT AND GEOGRAPHIC INFORMATION

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements [Abstract]

SEGMENT INFORMATION

SEGMENT INFORMATION

The Company has numerous operating businesses covering a wide range of dental and certain healthcare products and geographic regions, primarily serving the professional dental market. Professional dental products represented approximately 88% and 93% of sales for the three months ended September 30, 2012 and 2011, respectively, and 89% and 95% of sales for the nine months ended September 30, 2012 and 2011, respectively.

The operating businesses are combined into operating groups, which have overlapping product offerings, geographical presence, customer bases, distribution channels, and regulatory oversight. These operating groups are considered the Company’s reportable segments as the Company’s chief operating decision-maker regularly reviews financial results at the operating group level and uses this information to manage the Company’s operations. The accounting policies of the groups are consistent with those described in the Company’s most recently filed Form 10-K in the summary of significant accounting policies.  The Company measures segment income for reporting purposes as operating income before restructuring and other costs, interest expense, interest income, other income and expenses and income taxes.

During the first quarter of 2012, the Company realigned reporting responsibilities for multiple locations as a result of changes to the management structure. These changes also helped the Company gain operating efficiencies and effectiveness. The segment information below reflects the revised structure for all periods shown.

Dental Consumable and Laboratory Businesses

This business group includes responsibility for the design, manufacturing, sales and distribution of certain small equipment and chairside consumable products in the United States, Germany and certain other European regions.  It also has responsibility for the sales and distribution of certain Endodontic products in Germany. This business group also includes the responsibility for the design, manufacture, sales and distribution of most dental laboratory products, excluding certain countries. This business group is also responsible for most of the Company’s non-dental business excluding healthcare products.

Orthodontics/Canada/Mexico/Japan

  This business group is responsible for the world-wide manufacturing, sales and distribution of the Company’s Orthodontic products. It also has responsibility for the sales and distribution of most of the Company’s dental products sold in Japan, Canada and Mexico.

Select Distribution Businesses

This business group includes responsibility for the sales and distribution for most of the Company's dental products sold in France, United Kingdom, Italy, Austria and certain other European countries, Middle Eastern countries, India and Africa.

Implants/Endodontics/Healthcare/Pacific Rim

This business group includes the responsibility for the design, manufacture, sales and distribution of most of the Company’s dental implant and related products. This business group also includes the responsibility for the design and manufacturing of Endodontic products and is responsible for the sales and distribution of the Company’s Endodontic products in the United States, Switzerland, and locations not covered by other selling divisions.  In addition, this business group is also responsible for sales and distribution of certain Endodontic products in Germany, Asia and other parts of the world. Additionally, this business group is responsible for the design and manufacture of certain dental consumables and dental laboratory products and the sales and distribution of most dental products sold in Brazil, Latin America (excluding Mexico), Australia and most of Asia (excluding India and Japan). This business group is also responsible for the world-wide design, manufacturing, sales and distribution of the Company's healthcare products (non-dental) throughout most of the world.

Significant interdependencies exist among the Company’s operations in certain geographic areas. Inter-group sales are at prices intended to provide a reasonable profit to the manufacturing unit after recovery of all manufacturing costs and to provide a reasonable profit for purchasing locations after coverage of marketing and general and administrative costs.

Generally, the Company evaluates performance of the operating groups based on the groups’ operating income, excluding restructuring and other costs, and net third party sales, excluding precious metal content.

The following tables set forth information about the Company’s operating groups for the three and nine months ended September 30, 2012 and 2011:

Third Party Net Sales

	Three Months Ended						Nine Months Ended
(in thousands)	2012			2011			2012			2011
Dental Consumable and Laboratory Businesses	$	236,473		$	245,682		$	742,190		$	722,864
Orthodontics/Canada/Mexico/Japan	81,390			71,377			240,609			245,550
Select Distribution Businesses	68,397			70,770			212,585			220,276
Implants/Endodontics/Healthcare/Pacific Rim	309,941			232,611			984,393			614,376
All Other (a)	(467		)	(681		)	(4,636		)	(3,361		)
Total	$	695,734		$	619,759		$	2,175,141		$	1,799,705

(a) Includes amounts recorded at Corporate headquarters.

Third Party Net Sales, Excluding Precious Metal Content

	Three Months Ended						Nine Months Ended
(in thousands)	2012			2011			2012			2011
Dental Consumable and Laboratory Businesses	$	199,786		$	203,307		$	614,133		$	618,596
Orthodontics/Canada/Mexico/Japan	73,305			62,665			216,183			220,573
Select Distribution Businesses	66,644			68,648			207,930			213,627
Implants/Endodontics/Healthcare/Pacific Rim	307,853			229,812			977,617			605,312
All Other (a)	(467		)	(681		)	(4,637		)	(3,362		)
Total excluding precious metal content	647,121			563,751			2,011,226			1,654,746
Precious metal content	48,613			56,008			163,915			144,959
Total including precious metal content	$	695,734		$	619,759		$	2,175,141		$	1,799,705

(a) Includes amounts recorded at Corporate headquarters.

Inter-segment Net Sales

	Three Months Ended						Nine Months Ended
(in thousands)	2012			2011			2012			2011
Dental Consumable and Laboratory Businesses	$	55,093		$	53,637		$	167,980		$	164,643
Orthodontics/Canada/Mexico/Japan	989			972			3,221			2,909
Select Distribution Businesses	2,608			4,432			8,899			11,909
Implants/Endodontics/Healthcare/Pacific Rim	35,468			37,597			116,216			119,395
All Other (a)	52,809			51,325			163,118			158,160
Eliminations	(146,967		)	(147,963		)	(459,434		)	(457,016		)
Total	$	—		$	—		$	—		$	—

(a) Includes amounts recorded at Corporate headquarters and one distribution warehouse not managed by named segments.

Segment Operating Income

	Three Months Ended						Nine Months Ended
(in thousands)	2012			2011			2012			2011
Dental Consumable and Laboratory Businesses	$	59,721		$	54,191		$	184,486		$	171,710
Orthodontics/Canada/Mexico/Japan	5,268			(1,437		)	9,531			12,156
Select Distribution Businesses	83			1,145			(797		)	1,503
Implants/Endodontics/Healthcare/Pacific Rim	63,337			38,593			206,750			156,293
All Other (a)	(24,646		)	(26,337		)	(96,376		)	(72,423		)
Segment operating income	103,763			66,155			303,594			269,239
Reconciling Items:
Restructuring and other costs	15,097			26,353			18,862			33,849
Interest expense	14,488			16,062			44,854			27,975
Interest income	(2,342		)	(2,418		)	(6,650		)	(6,676		)
Other expense (income), net	739			7,182			1,969			8,686
Income before income taxes	$	75,781		$	18,976		$	244,559		$	205,405

(a) Includes the results of Corporate headquarters, inter-segment eliminations and one distribution warehouse not managed by named segments.

Assets
(in thousands)	September 30, 2012		December 31, 2011
Dental Consumable and Laboratory Businesses	$	1,032,321	$	1,180,001
Orthodontics/Canada/Mexico/Japan	297,524		328,376
Select Distribution Businesses	205,985		168,500
Implants/Endodontics/Healthcare/Pacific Rim	3,179,994		2,881,591
All Other (a)	261,598		196,930
Total	$	4,977,422	$	4,755,398

(a) Includes the assets of Corporate headquarters, inter-segment eliminations and one distribution warehouse not managed by named segments.

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BENEFIT PLANS

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements [Abstract]

BENEFIT PLANS

BENEFIT PLANS

The following sets forth the components of net periodic benefit cost of the Company’s defined benefit plans and for the Company’s other postretirement employee benefit plans for the three and nine months endedSeptember 30, 2012 and 2011:

Defined Benefit Plans	Three Months Ended						Nine Months Ended
(in thousands)	2012			2011			2012			2011
Service cost	$	3,004		$	2,799		$	9,014		$	7,811
Interest cost	2,608			2,453			7,926			6,945
Expected return on plan assets	(1,180		)	(1,350		)	(3,594		)	(3,856		)
Amortization of prior service cost	(34		)	20			(104		)	61
Amortization of net loss	486			407			1,478			1,195
Net periodic benefit cost	$	4,884		$	4,329		$	14,720		$	12,156

Other Postretirement Plans	Three Months Ended				Nine Months Ended
(in thousands)	2012		2011		2012		2011
Service cost	$	18	$	16	$	55	$	48
Interest cost	117		137		352		414
Amortization of net loss	58		49		173		147
Net periodic benefit cost	$	193	$	202	$	580	$	609

The following sets forth the information related to the contributions to the Company’s benefit plans for 2012:

(in thousands)	Pension Benefits		Other Postretirement Benefits
Actual contributions through September 30, 2012	$	9,451	$	630
Projected for the remainder of the year	3,221		348
Total projected contributions	$	12,672	$	978

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FINANCIAL INSTRUMENTS AND DERIVATIVES Fair Value of Cross Currency Basis Swaps that are Designated as Hedges of Net Investments in Foreign Operations (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Jun. 30, 2012	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Dec. 31, 2010
Derivative Instruments, Gain (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	$ (113,647)		$ (117,390)
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	20,241		(39,078)
Fair Value Net Asset (Liability)	(92,465)
Cross Currency Interest Rate Swaps Member
Derivative Instruments, Gain (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	92,500		111,900
Cross Currency Basis Swaps Member
Derivative Instruments, Gain (Loss) [Line Items]
Fair Value Net Asset (Liability)	(71,067)
Swiss franc 592.5 million @ $1.12 pay CHF 3mo. LIBOR rec. USD 3mo. LIBOR
Derivative Instruments, Gain (Loss) [Line Items]
Notional amounts	60,200
Fair Value Net Asset (Liability)	(85,201)
Euros 618.0 Million 1.27 Pay EUR 3 Month EURIBOR Rec USD 3 Month LIBOR
Derivative Instruments, Gain (Loss) [Line Items]
Fair Value Net Asset (Liability)	(7,264)
Euros 618.0 Million 1.27 Pay EUR 3 Month EURIBOR Rec USD 3 Month LIBOR | Cross Currency Basis Swaps Member
Derivative Instruments, Gain (Loss) [Line Items]
Fair Value Net Asset (Liability)	(71,067)
More than One and within Two Years from Balance Sheet Date [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional amounts	1,278,786
More than One and within Two Years from Balance Sheet Date [Member] | Swiss franc 592.5 million @ $1.12 pay CHF 3mo. LIBOR rec. USD 3mo. LIBOR
Derivative Instruments, Gain (Loss) [Line Items]
Notional amounts	484,471
More than One and within Two Years from Balance Sheet Date [Member] | Euros 618.0 Million 1.27 Pay EUR 3 Month EURIBOR Rec USD 3 Month LIBOR
Derivative Instruments, Gain (Loss) [Line Items]
Notional amounts	794,315
More than Two and within Three Years from Balance Sheet Date [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Notional amounts	85,514
More than Two and within Three Years from Balance Sheet Date [Member] | Cross Currency Basis Swaps Member
Derivative Instruments, Gain (Loss) [Line Items]
Notional amounts	578,083
More than Two and within Three Years from Balance Sheet Date [Member] | Swiss franc 592.5 million @ $1.12 pay CHF 3mo. LIBOR rec. USD 3mo. LIBOR
Derivative Instruments, Gain (Loss) [Line Items]
Notional amounts	85,514
More than Two and within Three Years from Balance Sheet Date [Member] | Euros 618.0 Million 1.27 Pay EUR 3 Month EURIBOR Rec USD 3 Month LIBOR
Derivative Instruments, Gain (Loss) [Line Items]
Notional amounts	0
More than Two and within Three Years from Balance Sheet Date [Member] | Euros 618.0 Million 1.27 Pay EUR 3 Month EURIBOR Rec USD 3 Month LIBOR | Cross Currency Basis Swaps Member
Derivative Instruments, Gain (Loss) [Line Items]
Notional amounts	578,083
More than Three and within Four Years from Balance Sheet Date [Member] | Swiss franc 592.5 million @ $1.12 pay CHF 3mo. LIBOR rec. USD 3mo. LIBOR
Derivative Instruments, Gain (Loss) [Line Items]
Notional amounts	60,200
More than Three and within Four Years from Balance Sheet Date [Member] | Euros 618.0 Million 1.27 Pay EUR 3 Month EURIBOR Rec USD 3 Month LIBOR
Derivative Instruments, Gain (Loss) [Line Items]
Notional amounts	0
International Subsidiaries Member
Derivative Instruments, Gain (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	(81,100)		(143,700)
Net Investment Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	$ (81,120)	$ (173,764)	$ (143,730)	$ (98,148)	$ 123,042	$ 45,417

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FINANCIAL INSTRUMENTS AND DERIVATIVES Fair value and Location on the Consolidated Balance Sheets (Details) (USD $) In Thousands, unless otherwise specified	Sep. 30, 2012	Dec. 31, 2011
Prepaid Expenses and Other Current Assets
Derivatives, Fair Value [Line Items]
Derivative Assets Designated as Hedges	$ 7,998	$ 8,003
Derivative Assets Not Designated as Hedges	3,107	1,943
Other Noncurrent Assets
Derivatives, Fair Value [Line Items]
Derivative Assets Designated as Hedges	26,957	23,909
Derivative Assets Not Designated as Hedges	0	0
Accrued Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities Designated as Hedges	88,725	14,688
Derivative Liabilities Not Designated as Hedges	4,677	3,255
Other Noncurrent Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities Designated as Hedges	30,333	119,133
Derivative Liabilities Not Designated as Hedges	71,698	68,585
Foreign Exchange Forward | Prepaid Expenses and Other Current Assets
Derivatives, Fair Value [Line Items]
Derivative Assets Designated as Hedges	4,983	5,464
Derivative Assets Not Designated as Hedges	3,107	1,943
Foreign Exchange Forward | Other Noncurrent Assets
Derivatives, Fair Value [Line Items]
Derivative Assets Designated as Hedges	788	896
Derivative Assets Not Designated as Hedges	0	0
Foreign Exchange Forward | Accrued Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities Designated as Hedges	1,169	641
Derivative Liabilities Not Designated as Hedges	4,563	3,150
Foreign Exchange Forward | Other Noncurrent Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities Designated as Hedges	477	107
Derivative Liabilities Not Designated as Hedges	0	0
Commodity Forward Purchase Contracts | Prepaid Expenses and Other Current Assets
Derivatives, Fair Value [Line Items]
Derivative Assets Designated as Hedges	424	0
Commodity Forward Purchase Contracts | Other Noncurrent Assets
Derivatives, Fair Value [Line Items]
Derivative Assets Designated as Hedges	0	15
Commodity Forward Purchase Contracts | Accrued Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities Designated as Hedges	0	257
Commodity Forward Purchase Contracts | Other Noncurrent Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities Designated as Hedges	0	2
Interest Rate Swap | Prepaid Expenses and Other Current Assets
Derivatives, Fair Value [Line Items]
Derivative Assets Designated as Hedges	2,591	2,539
Derivative Assets Not Designated as Hedges	0	0
Interest Rate Swap | Other Noncurrent Assets
Derivatives, Fair Value [Line Items]
Derivative Assets Designated as Hedges	3,125	3,160
Derivative Assets Not Designated as Hedges	0	0
Interest Rate Swap | Accrued Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities Designated as Hedges	0	0
Derivative Liabilities Not Designated as Hedges	114	105
Interest Rate Swap | Other Noncurrent Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities Designated as Hedges	1,903	1,050
Derivative Liabilities Not Designated as Hedges	440	476
Cross Currency Basis Swaps | Prepaid Expenses and Other Current Assets
Derivatives, Fair Value [Line Items]
Derivative Assets Designated as Hedges	0	0
Derivative Assets Not Designated as Hedges	0	0
Cross Currency Basis Swaps | Other Noncurrent Assets
Derivatives, Fair Value [Line Items]
Derivative Assets Designated as Hedges	23,044	19,838
Derivative Assets Not Designated as Hedges	0	0
Cross Currency Basis Swaps | Accrued Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities Designated as Hedges	87,556	13,790
Derivative Liabilities Not Designated as Hedges	0	0
Cross Currency Basis Swaps | Other Noncurrent Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities Designated as Hedges	27,953	117,974
Derivative Liabilities Not Designated as Hedges	71,067	67,690
Dio Equity Option Contracts | Prepaid Expenses and Other Current Assets
Derivatives, Fair Value [Line Items]
Derivative Assets Not Designated as Hedges	0	0
Dio Equity Option Contracts | Other Noncurrent Assets
Derivatives, Fair Value [Line Items]
Derivative Assets Not Designated as Hedges	0	0
Dio Equity Option Contracts | Accrued Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities Not Designated as Hedges	0	0
Dio Equity Option Contracts | Other Noncurrent Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liabilities Not Designated as Hedges	$ 191	$ 419

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FINANCIAL INSTRUMENTS AND DERIVATIVES Summary of Notional Amounts and Fair Value of the Company's Cash Flow Hedges (Detail)	Sep. 30, 2012 USD ($)	Sep. 30, 2012 Foreign Exchange Forward USD ($)	Sep. 30, 2012 Foreign Exchange Forward Derivatives Sold Currency, Australian Dollar USD ($)	Sep. 30, 2012 Foreign Exchange Forward Derivatives Sold Currency, Canadian Dollar USD ($)	Sep. 30, 2012 Foreign Exchange Forward Derivatives Sold Currency, Euro USD ($)	Sep. 30, 2012 Foreign Exchange Forward Derivatives Sold Currency, Japanese Yen USD ($)	Sep. 30, 2012 Foreign Exchange Forward Derivatives Sold Currency, Mexican Pesos USD ($)	Sep. 30, 2012 Foreign Exchange Forward Derivatives Sold Currency, Polish Zlotys USD ($)	Sep. 30, 2012 Foreign Exchange Forward Derivatives Sold Currency, Singapore Dollar USD ($)	Sep. 30, 2012 Foreign Exchange Forward Derivatives Sold Currency, South Korean Won USD ($)	Sep. 30, 2012 Foreign Exchange Forward Derivatives Sold Currency, Swiss Franc USD ($)	Sep. 30, 2012 Foreign Exchange Forward Derivatives Sold Currency, Taiwanese Dollars USD ($)	Sep. 30, 2012 Foreign Exchange Forward Derivative Purchased Currency, British Pound Sterling USD ($)	Sep. 30, 2012 Foreign Exchange Forward Derivative Purchased Currency, Danish Krone USD ($)	Sep. 30, 2012 Foreign Exchange Forward Derivative Purchased Currency, Norwegian Kroner USD ($)	Sep. 30, 2012 Foreign Exchange Forward Derivative Purchased Currency, Swedish Kronor USD ($)	Sep. 30, 2012 Interest Rate Swap USD ($)	Sep. 30, 2012 Interest Rate Swap Currency, Euro USD ($)	Sep. 30, 2012 Interest Rate Swap Currency, Japanese Yen USD ($)	Sep. 30, 2012 Interest Rate Swap Currency, Swiss Franc USD ($)	Sep. 30, 2012 Interest Rate Swap One Year from Balance Sheet Date USD ($)	Sep. 30, 2012 Interest Rate Swap One Year from Balance Sheet Date Currency, Euro USD ($)	Sep. 30, 2012 Interest Rate Swap More than One and within Two Years from Balance Sheet Date [Member] USD ($)	Sep. 30, 2012 Interest Rate Swap More than One and within Two Years from Balance Sheet Date [Member] Currency, Euro USD ($)	Sep. 30, 2012 Interest Rate Swap More than One and within Two Years from Balance Sheet Date [Member] Currency, Japanese Yen USD ($)	Sep. 30, 2012 Interest Rate Swap More than One and within Two Years from Balance Sheet Date [Member] Currency, Swiss Franc USD ($)	Sep. 30, 2012 Interest Rate Swap More than Two and within Three Years from Balance Sheet Date [Member] USD ($)	Sep. 30, 2012 Interest Rate Swap More than Two and within Three Years from Balance Sheet Date [Member] Currency, Euro USD ($)	Sep. 30, 2012 Interest Rate Swap More than Two and within Three Years from Balance Sheet Date [Member] Currency, Japanese Yen USD ($)	Sep. 30, 2012 Interest Rate Swap More than Three and within Four Years from Balance Sheet Date [Member] USD ($)	Sep. 30, 2012 Interest Rate Swap More than Three and within Four Years from Balance Sheet Date [Member] Currency, Euro USD ($)	Sep. 30, 2012 Interest Rate Swap More than Five Years from Balance Sheet Date and Thereafter USD ($)	Sep. 30, 2012 Interest Rate Swap More than Five Years from Balance Sheet Date and Thereafter Currency, Euro USD ($)	Sep. 30, 2012 Interest Rate Swap More than Five Years from Balance Sheet Date and Thereafter Currency, Swiss Franc USD ($)	Sep. 30, 2012 Commodity Forward Purchase Contracts USD ($)	Sep. 30, 2012 Commodity Forward Purchase Contracts Silver Bullion Swap USD ($)	Sep. 30, 2012 Commodity Forward Purchase Contracts Platinum Bullion Swap USD ($)	Sep. 30, 2012 Commodity Forward Purchase Contracts One Year from Balance Sheet Date USD ($)	Sep. 30, 2012 Commodity Forward Purchase Contracts One Year from Balance Sheet Date Silver Bullion Swap USD ($)	Sep. 30, 2012 Commodity Forward Purchase Contracts One Year from Balance Sheet Date Platinum Bullion Swap USD ($)	Sep. 30, 2012 Commodity Forward Purchase Contracts More than One and within Two Years from Balance Sheet Date [Member] USD ($)	Sep. 30, 2012 Commodity Forward Purchase Contracts More than One and within Two Years from Balance Sheet Date [Member] Silver Bullion Swap USD ($)	Sep. 30, 2012 Commodity Forward Purchase Contracts More than One and within Two Years from Balance Sheet Date [Member] Platinum Bullion Swap USD ($)	Sep. 30, 2012 More than One and within Two Years from Balance Sheet Date [Member] Foreign Exchange Forward Derivatives Sold Currency, Australian Dollar USD ($)	Sep. 30, 2012 More than One and within Two Years from Balance Sheet Date [Member] Foreign Exchange Forward Derivatives Sold Currency, Canadian Dollar USD ($)	Sep. 30, 2012 More than One and within Two Years from Balance Sheet Date [Member] Foreign Exchange Forward Derivatives Sold Currency, Euro USD ($)	Sep. 30, 2012 More than One and within Two Years from Balance Sheet Date [Member] Foreign Exchange Forward Derivatives Sold Currency, Japanese Yen USD ($)	Sep. 30, 2012 More than One and within Two Years from Balance Sheet Date [Member] Foreign Exchange Forward Derivatives Sold Currency, Mexican Pesos USD ($)	Sep. 30, 2012 More than One and within Two Years from Balance Sheet Date [Member] Foreign Exchange Forward Derivatives Sold Currency, Polish Zlotys USD ($)	Sep. 30, 2012 More than One and within Two Years from Balance Sheet Date [Member] Foreign Exchange Forward Derivatives Sold Currency, Singapore Dollar USD ($)	Sep. 30, 2012 More than One and within Two Years from Balance Sheet Date [Member] Foreign Exchange Forward Derivatives Sold Currency, South Korean Won USD ($)	Sep. 30, 2012 More than One and within Two Years from Balance Sheet Date [Member] Foreign Exchange Forward Derivatives Sold Currency, Swiss Franc USD ($)	Sep. 30, 2012 More than One and within Two Years from Balance Sheet Date [Member] Foreign Exchange Forward Derivatives Sold Currency, Taiwanese Dollars USD ($)	Sep. 30, 2012 More than One and within Two Years from Balance Sheet Date [Member] Foreign Exchange Forward Derivative Purchased Currency, British Pound Sterling USD ($)	Sep. 30, 2012 More than One and within Two Years from Balance Sheet Date [Member] Foreign Exchange Forward Derivative Purchased Currency, Danish Krone USD ($)	Sep. 30, 2012 More than One and within Two Years from Balance Sheet Date [Member] Foreign Exchange Forward Derivative Purchased Currency, Norwegian Kroner USD ($)	Sep. 30, 2012 More than One and within Two Years from Balance Sheet Date [Member] Foreign Exchange Forward Derivative Purchased Currency, Swedish Kronor USD ($)	Sep. 30, 2012 More than Two and within Three Years from Balance Sheet Date [Member] Foreign Exchange Forward USD ($)	Sep. 30, 2012 Current year Foreign Exchange Forward USD ($)	Sep. 30, 2012 Current year Foreign Exchange Forward Derivatives Sold Currency, Australian Dollar USD ($)	Sep. 30, 2012 Current year Foreign Exchange Forward Derivatives Sold Currency, Canadian Dollar USD ($)	Sep. 30, 2012 Current year Foreign Exchange Forward Derivatives Sold Currency, Euro USD ($)	Sep. 30, 2012 Current year Foreign Exchange Forward Derivatives Sold Currency, Japanese Yen USD ($)	Sep. 30, 2012 Current year Foreign Exchange Forward Derivatives Sold Currency, Mexican Pesos USD ($)	Sep. 30, 2012 Current year Foreign Exchange Forward Derivatives Sold Currency, Polish Zlotys USD ($)	Sep. 30, 2012 Current year Foreign Exchange Forward Derivatives Sold Currency, Singapore Dollar USD ($)	Sep. 30, 2012 Current year Foreign Exchange Forward Derivatives Sold Currency, South Korean Won USD ($)	Sep. 30, 2012 Current year Foreign Exchange Forward Derivatives Sold Currency, Swiss Franc USD ($)	Sep. 30, 2012 Current year Foreign Exchange Forward Derivatives Sold Currency, Taiwanese Dollars USD ($)	Sep. 30, 2012 Current year Foreign Exchange Forward Derivative Purchased Currency, British Pound Sterling USD ($)	Sep. 30, 2012 Current year Foreign Exchange Forward Derivative Purchased Currency, Danish Krone USD ($)	Sep. 30, 2012 Current year Foreign Exchange Forward Derivative Purchased Currency, Norwegian Kroner USD ($)	Sep. 30, 2012 Current year Foreign Exchange Forward Derivative Purchased Currency, Swedish Kronor USD ($)	Sep. 30, 2012 One Year from Balance Sheet Date Foreign Exchange Forward USD ($)	Sep. 30, 2012 One Year from Balance Sheet Date Foreign Exchange Forward Derivatives Sold Currency, Australian Dollar USD ($)	Sep. 30, 2012 One Year from Balance Sheet Date Foreign Exchange Forward Derivatives Sold Currency, Canadian Dollar USD ($)	Sep. 30, 2012 One Year from Balance Sheet Date Foreign Exchange Forward Derivatives Sold Currency, Euro USD ($)	Sep. 30, 2012 One Year from Balance Sheet Date Foreign Exchange Forward Derivatives Sold Currency, Japanese Yen USD ($)	Sep. 30, 2012 One Year from Balance Sheet Date Foreign Exchange Forward Derivatives Sold Currency, Mexican Pesos USD ($)	Sep. 30, 2012 One Year from Balance Sheet Date Foreign Exchange Forward Derivatives Sold Currency, Polish Zlotys USD ($)	Sep. 30, 2012 One Year from Balance Sheet Date Foreign Exchange Forward Derivatives Sold Currency, Singapore Dollar USD ($)	Sep. 30, 2012 One Year from Balance Sheet Date Foreign Exchange Forward Derivatives Sold Currency, South Korean Won USD ($)	Sep. 30, 2012 One Year from Balance Sheet Date Foreign Exchange Forward Derivatives Sold Currency, Swiss Franc USD ($)	Sep. 30, 2012 One Year from Balance Sheet Date Foreign Exchange Forward Derivatives Sold Currency, Taiwanese Dollars USD ($)	Sep. 30, 2012 One Year from Balance Sheet Date Foreign Exchange Forward Derivative Purchased Currency, British Pound Sterling USD ($)	Sep. 30, 2012 One Year from Balance Sheet Date Foreign Exchange Forward Derivative Purchased Currency, Danish Krone USD ($)	Sep. 30, 2012 One Year from Balance Sheet Date Foreign Exchange Forward Derivative Purchased Currency, Norwegian Kroner USD ($)	Sep. 30, 2012 One Year from Balance Sheet Date Foreign Exchange Forward Derivative Purchased Currency, Swedish Kronor USD ($)	Sep. 30, 2012 Foreign Exchange Contract [Member] Cash Flow Hedging AUD	Sep. 30, 2012 Foreign Exchange Contract [Member] Cash Flow Hedging CAD	Sep. 30, 2012 Foreign Exchange Contract [Member] Cash Flow Hedging CHF	Sep. 30, 2012 Foreign Exchange Contract [Member] Cash Flow Hedging DKK	Sep. 30, 2012 Foreign Exchange Contract [Member] Cash Flow Hedging EUR (€)	Sep. 30, 2012 Foreign Exchange Contract [Member] Cash Flow Hedging GBP (£)	Sep. 30, 2012 Foreign Exchange Contract [Member] Cash Flow Hedging JPY (¥)	Sep. 30, 2012 Foreign Exchange Contract [Member] Cash Flow Hedging KRW	Sep. 30, 2012 Foreign Exchange Contract [Member] Cash Flow Hedging MXN	Sep. 30, 2012 Foreign Exchange Contract [Member] Cash Flow Hedging NOK	Sep. 30, 2012 Foreign Exchange Contract [Member] Cash Flow Hedging PLN	Sep. 30, 2012 Foreign Exchange Contract [Member] Cash Flow Hedging SEK	Sep. 30, 2012 Foreign Exchange Contract [Member] Cash Flow Hedging SGD	Sep. 30, 2012 Foreign Exchange Contract [Member] Cash Flow Hedging TWD
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Notional Amount																					$ 303,000	$ 303,000	$ 1,214,000	$ 1,214,000	$ 0	$ 0	$ 161,909,000	$ 928,000	$ 160,981,000	$ 928,000	$ 928,000	$ 71,222,000	$ 2,088,000	$ 69,134,000				$ 1,501,000	$ 955,000	$ 546,000	$ 1,093,000	$ 719,000	$ 374,000	$ 754,000	$ 4,022,000	$ 22,067,000	$ (1,744,000)	$ 0	$ 0	$ 0	$ 0	$ 3,403,000	$ 0	$ 0	$ 0	$ 0	$ (12,911,000)	$ 15,591,000	$ 68,123,000	$ 4,293,000	$ 13,856,000	$ 141,636,000	$ 11,742,000	$ 12,643,000	$ 1,231,000	$ 2,391,000	$ 4,947,000	$ (67,306,000)	$ 1,113,000	$ (10,404,000)	$ (3,646,000)	$ (399,000)	$ (43,974,000)	$ 100,376,000	$ 5,410,000	$ 26,851,000	$ 142,656,000	$ (11,768,000)	$ 0	$ 0	$ 0	$ 0	$ 23,753,000	$ 0	$ (199,000)	$ 0	$ 0	$ (86,327,000)
Fair Value Net Asset (Liability)	(92,465,000)	2,669,000	(229,000)	(650,000)	(3,205,000)	170,000	(229,000)	2,000	(13,000)	(49,000)	838,000	(8,000)	18,000	(33,000)	2,000	6,055,000	(1,811,000)	(554,000)	148,000	(1,405,000)															424,000	312,000	112,000
Forward sale																																																																																									10,500,000	44,400,000	38,400,000		238,000,000			5,500,000,000	162,600,000		3,900,000		2,900,000	32,600,000
Forward purchase																																																																																												21,100,000		£ 6,600,000	¥ 100,000,000			2,300,000		1,000,000,000

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FAIR VALUE MEASUREMENT (Tables)

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements [Abstract]

Financial Assets and Liabilities that are Recorded at Fair Value and Classified Based on the Lowest Level of Input

The following tables set forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis at September 30, 2012 and December 31, 2011, which are classified as “Cash and cash equivalents,” “Prepaid expenses and other current assets,” “Other noncurrent assets, net,” “Accrued liabilities,” and “Other noncurrent liabilities” in the consolidated balance sheets.  Financial assets and liabilities that are recorded at fair value as of the balance sheet date are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

	September 30, 2012
(in thousands)	Total		Level 1		Level 2		Level 3
Assets
Interest rate swaps	$	5,716	$	—	$	5,716	$	—
Commodity contracts	424		—		424		—
Cross currency basis swaps	23,044		—		23,044		—
Foreign exchange forward contracts	8,878		—		8,878		—
Corporate convertible bonds	91,171		—		—		91,171
Total assets	$	129,233	$	—	$	38,062	$	91,171
Liabilities
Interest rate swaps	$	2,457	$	—	$	2,457	$	—
Cross currency basis swaps	186,576		—		186,576		—
Foreign exchange forward contracts	6,209		—		6,209		—
Long term debt	155,131		—		155,131		—
DIO equity option contracts	191		—		—		191
Total liabilities	$	350,564	$	—	$	350,373	$	191

	December 31, 2011
(in thousands)	Total		Level 1		Level 2		Level 3
Assets
Money market funds	$	10,516	$	10,516	$	—	$	—
Interest rate swaps	5,699		—		5,699		—
Commodity contracts	15		—		15		—
Cross currency basis swaps	19,838		—		19,838		—
Foreign exchange forward contracts	8,303		—		8,303		—
Corporate convertible bonds	47,850		—		—		47,850
Total assets	$	92,221	$	10,516	$	33,855	$	47,850
Liabilities
Interest rate swaps	$	1,631	$	—	$	1,631	$	—
Commodity contracts	259		—		259		—
Cross currency basis swaps	199,454		—		199,454		—
Foreign exchange forward contracts	3,898		—		3,898		—
Long term debt	154,512		—		154,512		—
Contingent considerations on acquisitions	2,917		—		—		2,917
DIO equity option contracts	419		—		—		419
Total liabilities	$	363,090	$	—	$	359,754	$	3,336

Reconciliation of the Company's Assets Measured at Fair Value on a Recurring Basis Using Unobservable Inputs (Level 3):

The following table presents a reconciliation of the Company’s Level 3 holdings measured at fair value on a recurring basis using unobservable inputs:

(in thousands)	DIO Corporate Convertible Bonds			DIO Equity Options Contracts			Contingent Considerations
Balance at December 31, 2011	$	47,850		$	(424	)	$	2,917
Payments, gross	—			—			(2,493		)
Adjustments:
Reported in selling, general and administrative expense	—			—			(412		)
Unrealized gain:
Reported in AOCI	43,871			—			—
Unrealized loss:
Reported in other expense (income), net	—			229			—
Effects of exchange rate changes	(550		)	2			(12		)
Balance at September 30, 2012	$	91,171		$	(193	)	$	—

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SEGMENT INFORMATION Net Sales, Excluding Precious Metal Content (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 30, 2012		Sep. 30, 2011		Sep. 30, 2012		Sep. 30, 2011
Statement [Line Items]
Net Sales, excluding precious metal content	$ 647,121		$ 563,751		$ 2,011,226		$ 1,654,746
Precious metal content of sales	48,613		56,008		163,915		144,959
Net Sales, including precious metal content	695,734		619,759		2,175,141		1,799,705
Dental Consumable and Laboratrory Businesses [Member]
Statement [Line Items]
Net Sales, excluding precious metal content	199,786		203,307		614,133		618,596
Net Sales, including precious metal content	236,473		245,682		742,190		722,864
Orthodontics/Canada/Mexico/Japan [Member]
Statement [Line Items]
Net Sales, excluding precious metal content	73,305		62,665		216,183		220,573
Net Sales, including precious metal content	81,390		71,377		240,609		245,550
Select Distribution Businesses [Member]
Statement [Line Items]
Net Sales, excluding precious metal content	66,644		68,648		207,930		213,627
Net Sales, including precious metal content	68,397		70,770		212,585		220,276
Implants/Endodontics/Healthcare/Pacific Rim [Member]
Statement [Line Items]
Net Sales, excluding precious metal content	307,853		229,812		977,617		605,312
Net Sales, including precious metal content	309,941		232,611		984,393		614,376
All Other
Statement [Line Items]
Net Sales, excluding precious metal content	(467)	[1]	(681)	[1]	(4,637)	[1]	(3,362)	[1]
Net Sales, including precious metal content	$ (467)	[1]	$ (681)	[1]	$ (4,636)	[1]	$ (3,361)	[1]

[1] (a) Includes amounts recorded at Corporate headquarters

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FINANCING ARRANGEMENTS

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements [Abstract]

FINANCING ARRANGEMENTS

FINANCING ARRANGEMENTS

The Company let expire its 364-day $250.0 million revolving credit agreement which matured August 29, 2012, as the Company believes it has adequate liquidity. There were no outstanding borrowings under this facility.

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COMPREHENSIVE INCOME Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2012

COMPREHENSIVE INCOME [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)

The balances included in AOCI, net of tax, in the consolidated balance sheets are as follows:

(in thousands)	September 30, 2012			December 31, 2011
Foreign currency translation adjustments	$	20,241		$	(39,078	)
Net loss on derivative financial instruments	(113,647		)	(117,390		)
Net unrealized holding gains (losses) on available-for-sale securities	29,903			(516		)
Pension liability adjustments	(32,276		)	(33,986		)
	$	(95,779	)	$	(190,970	)

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SEGMENT INFORMATION Additional Information (Detail) (Dental Products)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Dental Products
Segment Reporting Information [Line Items]
Percentage of sales, professional dental products	88.00%	93.00%	89.00%	95.00%

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COMPREHENSIVE INCOME Comprehensive Income - Additional Information (Details) (USD $) In Millions, unless otherwise specified			3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended
	Sep. 30, 2012	Dec. 31, 2011	Sep. 30, 2012 Foreign Currency Translation Adjustment Gain (Loss)	Sep. 30, 2011 Foreign Currency Translation Adjustment Gain (Loss)	Sep. 30, 2012 Foreign Currency Translation Adjustment Gain (Loss)	Sep. 30, 2011 Foreign Currency Translation Adjustment Gain (Loss)	Sep. 30, 2012 Net Investment Hedging [Member]	Sep. 30, 2011 Net Investment Hedging [Member]	Sep. 30, 2012 Net Investment Hedging [Member]	Sep. 30, 2011 Net Investment Hedging [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
OCI - Foreign currency translation adjustments, gains (losses)			$ 106.5	$ 256.1	$ 58.0	$ 115.4	$ 2.8	$ 21.9	$ 1.3	$ 11.2
AOCI - Foreign currency translation adjustments, gains	154.4	96.3
AOCI - Foreign currency translation adjustments, losses	$ 132.3	$ 133.5

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CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2012	Dec. 31, 2011
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	250,000	250,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	162,800,000	162,800,000
Treasury stock, shares	20,800,000	21,100,000

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STOCK COMPENSATION

9 Months Ended

Sep. 30, 2012

STOCK COMPENSATION [Abstract]

Stock Compensation

STOCK COMPENSATION

The following table represents total stock based compensation expense for non-qualified stock options, restricted stock units (“RSU”) and the tax related benefit for the three and nine months ended September 30, 2012 and 2011:

	Three Months Ended				Nine Months Ended
(in thousands)	2012		2011		2012		2011
Stock option expense	$	3,027	$	2,833	$	8,706	$	8,206
RSU expense	2,839		2,204		7,480		6,551
Total stock based compensation expense	$	5,866	$	5,037	$	16,186	$	14,757
Total related tax benefit	$	1,692	$	1,430	$	4,406	$	4,302

At September 30, 2012, the remaining unamortized compensation cost related to non-qualified stock options is $16.3 million, which will be expensed over the weighted average remaining vesting period of the options, or 1.6 years. At September 30, 2012, the unamortized compensation cost related to RSU is $17.8 million, which will be expensed over the remaining restricted period of the RSU, or 1.5 years.

The following table reflects the non-qualified stock option transactions from December 31, 2011 through September 30, 2012:

	Outstanding						Exercisable
(in thousands, except per share data)	Shares		Weighted Average Exercise Price		Aggregate Intrinsic Value		Shares	Weighted Average Exercise Price		Aggregate Intrinsic Value
December 31, 2011	10,148		$	31.23	$	51,402	8,049	$	30.06	$	50,365
Granted	1,343		38.63
Exercised	(1,047	)	23.72
Cancelled	(35	)	41.84
Forfeited	(63	)	36.43
September 30, 2012	10,346		$	32.88	$	62,151	7,546	$	31.32	$	58,445

At September 30, 2012, the weighted average remaining contractual term of all outstanding options is 5.8 years and the weighted average remaining contractual term of exercisable options is 4.8 years.

The following table summarizes the unvested RSU transactions from December 31, 2011 through September 30, 2012:

(in thousands, except per share data)	Shares		Weighted Average Grant Date Fair Value
December 31, 2011	897		$	32.50
Granted	422		38.66
Vested	(245	)	26.33
Forfeited	(34	)	35.87
September 30, 2012	1,040		$	36.34

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BENEFIT PLANS Information Related to the Contributions to the Company's Benefit Plans (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2012
Pension Plans, Defined Benefit [Member]
Schedule of Employee Benefit Plans [Line Items]
Actual contributions through June 30, 2012	$ 9,451
Projected for the remainder of the year	3,221
Total for year	12,672
Other Postretirement Benefit Plans, Defined Benefit [Member]
Schedule of Employee Benefit Plans [Line Items]
Actual contributions through June 30, 2012	630
Projected for the remainder of the year	348
Total for year	$ 978

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FINANCIAL INSTRUMENTS AND DERIVATIVES Impact of the Company's Hedges of Net Investments (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	$ 20,241		$ 20,241		$ (39,078)
Gain (Loss) Recognized in Income	985	(1,415)	1,000	(3,337)
Gain (Loss) in AOCI	(18,055)	87,695	5,360	(25,009)
Net Investment Hedging [Member] | Interest Income
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Gain (Loss) Recognized in Income	1,167	177	2,800	546
Net Investment Hedging [Member] | Interest Expense
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Gain (Loss) Recognized in Income	(182)	(1,592)	(1,800)	(3,883)
Net Investment Hedging [Member] | Cross Currency Interest Rate Swaps
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Gain (Loss) in AOCI	(18,055)	87,695	5,360	(25,009)
International Subsidiaries Member
Derivative Instruments and Hedging Activities Disclosure [Line Items]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	$ (81,100)		$ (81,100)		$ (143,700)

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EARNINGS PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements [Abstract]

Computation of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for the three and nine months ended September 30, 2012 and 2011:

Basic Earnings Per Common Share Computation	Three Months Ended				Nine Months Ended
(in thousands, except per share amounts)	2012		2011		2012		2011
Net income attributable to DENTSPLY International	$	53,364	$	60,597	$	187,413	$	203,917
Common shares outstanding	141,843		141,349		141,767		141,337
Earnings per common share - basic	$	0.38	$	0.43	$	1.32	$	1.44
Diluted Earnings Per Common Share Computation
(in thousands, except per share amounts)
Net income attributable to DENTSPLY International	$	53,364	$	60,597	$	187,413	$	203,917
Common shares outstanding	141,843		141,349		141,767		141,337
Incremental shares from assumed exercise of dilutive options from stock-based compensation awards	2,041		2,046		2,118		2,241
Total shares	143,884		143,395		143,885		143,578
Earnings per common share - diluted	$	0.37	$	0.42	$	1.30	$	1.42

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FAIR VALUE MEASUREMENT Additional Information (Detail) (USD $)	9 Months Ended													9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012 Corporate Bond Securities	Sep. 30, 2012 Fixed rate senior notes $450 million due August 2021	Sep. 30, 2012 Estimate of Fair Value, Fair Value Disclosure	Dec. 31, 2011 Estimate of Fair Value, Fair Value Disclosure	Sep. 30, 2012 Carrying (Reported) Amount, Fair Value Disclosure	Dec. 31, 2011 Carrying (Reported) Amount, Fair Value Disclosure	Sep. 30, 2012 Tranche C Unsecured Senior Notes	Sep. 30, 2012 Tranche B Unsecured Senior Notes	Sep. 30, 2012 Tranche A Unsecured Senior Notes	Sep. 30, 2012 Private Placement Notes U.S. Dollar Denominated Expiring March 2016	Sep. 30, 2012 Fixed Rate Senior Notes U.S. Dollar Denominated Due August 2016	Sep. 30, 2012 Contingent Considerations On Acquisitions [Member]
Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate			40.00%
Long-term debt					$ 1,523,900,000	$ 1,512,500,000	$ 1,488,300,000	$ 1,491,400,000
Senior Notes									450,000,000	300,000,000	250,000,000
Debt, fixed rate				4.10%								4.10%	2.80%
Discount rate			15.00%
Probability-weighted average payout discount using market rate	5.00%
Cash Paid For Contingent Consideration	$ 2,519,000	$ 1,780,000												$ (2,493,000)

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STOCK COMPENSATION Total Stock Based Compensation Expense and the Tax Related Benefit (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
STOCK COMPENSATION [Abstract]
Stock option expense	$ 3,027	$ 2,833	$ 8,706	$ 8,206
RSU expense	2,839	2,204	7,480	6,551
Total stock based compensation expense	5,866	5,037	16,186	14,757
Total related tax benefit	$ 1,692	$ 1,430	$ 4,406	$ 4,302

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INCOME TAXES

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements [Abstract]

INCOME TAXES

INCOME TAXES

Uncertainties in Income Taxes

The Company recognizes in the consolidated financial statements, the impact of a tax position, if that position is more likely than not of being sustained on audit, based on the technical merits of the position.

It is reasonably possible that certain amounts of unrecognized tax benefits will significantly increase or decrease within twelve months of the reporting date of the Company’s consolidated financial statements. Final settlement and resolution of outstanding tax matters in various jurisdictions during the next twelve months could include unrecognized tax benefits of approximately $1.3 million.  In addition, expiration of statutes of limitation in various jurisdictions during the next twelve months could include unrecognized tax benefits of approximately $0.3 million.

Other Tax Matters

During the third quarter of 2011, and in conjunction with the Company's acquisition of Astra Tech, there was a return to profitability of a loss generating subsidiary. Accordingly, the Company recorded a tax benefit from the release of a valuation allowance on previously unrecognized tax loss carryforwards of approximately $47.7 million.