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Equity (Notes)
9 Months Ended
Sep. 30, 2011
Stockholders' Equity Note [Abstract] 
Equity [Text Block]
Equity

Stock Repurchase Activities

In February 2010, the Company’s Board of Directors (the “Board”) approved a stock repurchase program (the “2010 Stock Repurchase Program”) which authorized the Company to repurchase up to $1.0 billion of its common stock. This authorization was in addition to the stock repurchase program approved by the Board in March 2008 (the “2008 Stock Repurchase Program”), which also enabled the Company to repurchase up to $1.0 billion of the Company’s common stock.

The Company repurchased and retired approximately 8.9 million shares of its common stock at an average price of $21.47 per share for an aggregate purchase price of $191.0 million during the three months ended September 30, 2011, and approximately 17.5 million shares of its common stock at an average price of $30.93 per share for an aggregate purchase price of $541.2 million during the nine months ended September 30, 2011, under its 2010 Stock Repurchase Program. The Company repurchased and retired approximately 5.0 million shares of its common stock at an average price of $26.81 per share for an aggregate purchase price of $134.9 million during the three months ended September 30, 2010, and approximately 14.3 million shares of its common stock at an average price of $27.09 for an aggregate purchase price of $386.7 million during the nine months ended September 30, 2010, under the two stock repurchase programs. There were no remaining authorized funds under the 2008 Stock Repurchase Program and $213.8 million remaining authorized funds under the 2010 Stock Repurchase Program as of September 30, 2011.

Comprehensive Income Attributable to Juniper Networks

Comprehensive income attributable to Juniper Networks consists of the following (in millions):

 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2011
 
2010
 
2011
 
2010
Consolidated net income
$
83.7

 
$
134.3

 
$
328.8

 
$
429.3

Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
Change in unrealized (loss) gain on investments, net of tax of nil
(8.7
)
 
8.7

 
(5.8
)
 
7.0

Change in foreign currency translation adjustment, net of tax of nil
(7.5
)
 
6.3

 
1.7

 
(1.2
)
Total other comprehensive income (loss), net of tax
(16.2
)
 
15.0

 
(4.1
)
 
5.8

Consolidated comprehensive income
67.5

 
149.3

 
324.7

 
435.1

Adjust for comprehensive loss (income) attributable to noncontrolling interest, net of tax
—

 
0.2

 
0.1

 
(1.1
)
Comprehensive income attributable to Juniper Networks
$
67.5

 
$
149.5

 
$
324.8

 
$
434.0



The following table summarizes equity activity for the three and nine months ended September 30, 2011 (in millions):

 
Common Stock
& Additional
Paid-in-Capital
 
Accumulated
Other
Comprehensive
Income (Loss)
 
Accumulated
Deficit
 
Non-
controlling
Interest
 
Total
Equity
Balance at December 31, 2010
$
9,717.8

 
$
(1.3
)
 
$
(3,108.3
)
 
$
0.6

 
$
6,608.8

Consolidated net income
—

 
—

 
129.8

 
(0.1
)
 
129.7

Change in unrealized gain on investments, net of tax of nil
—

 
4.4

 
—

 
—

 
4.4

Change in foreign currency translation adjustment, net of tax of nil
—

 
6.6

 
—

 
—

 
6.6

Issuance of shares in connection with Employee Stock Purchase Plan
23.7

 
—

 
—

 
—

 
23.7

Exercise of stock options by employees
241.7

 
—

 
—

 
—

 
241.7

Repurchase and retirement of common stock
(70.3
)
 
—

 
(129.9
)
 
—

 
(200.2
)
Repurchases related to net issuances
(1.8
)
 
—

 
(3.1
)
 
—

 
(4.9
)
Share-based compensation expense
47.6

 
—

 
—

 
—

 
47.6

Adjustment related to tax benefit from employee stock option plans
39.4

 
—

 
—

 
—

 
39.4

Balance at March 31, 2011
9,998.1

 
9.7

 
(3,111.5
)
 
0.5

 
6,896.8

Consolidated net income
—

 
—

 
115.6

 
(0.1
)
 
115.5

Change in unrealized loss on investments, net of tax of nil
—

 
(1.5
)
 
—

 
—

 
(1.5
)
Change in foreign currency translation adjustment, net of tax of nil
—

 
2.6

 
—

 
—

 
2.6

Exercise of stock options by employees
37.9

 
—

 
—

 
—

 
37.9

Repurchase and retirement of common stock
(55.2
)
 
—

 
(94.8
)
 
—

 
(150.0
)
Share-based compensation expense
58.6

 
—

 
—

 
—

 
58.6

Adjustment related to tax benefit from employee stock option plans
2.0

 
—

 
—

 
—

 
2.0

Balance at June 30, 2011
10,041.4

 
10.8

 
(3,090.7
)
 
0.4

 
6,961.9

Consolidated net income
—

 
—

 
83.7

 
—

 
83.7

Change in unrealized loss on investments, net of tax of nil
—

 
(8.7
)
 
—

 
—

 
(8.7
)
Change in foreign currency translation adjustment, net of tax of nil
—

 
(7.5
)
 
—

 
—

 
(7.5
)
Issuance of shares in connection with Employee Stock Purchase Plan
28.0

 
—

 
—

 
—

 
28.0

Exercise of stock options by employees
8.3

 
—

 
—

 
—

 
8.3

Repurchase and retirement of common stock
(130.7
)
 
—

 
(60.3
)
 
—

 
(191.0
)
Repurchases related to net issuances
(1.2
)
 
—

 
(1.2
)
 
—

 
(2.4
)
Share-based compensation expense
59.0

 
—

 
—

 
—

 
59.0

Adjustment related to tax benefit from employee stock option plans
6.9

 
—

 

 
—

 
6.9

Balance at September 30, 2011
$
10,011.7

 
$
(5.4
)
 
$
(3,068.5
)
 
$
0.4

 
$
6,938.2


The following table summarizes equity activity for the three and nine months ended September 30, 2010 (in millions):

 
Common Stock
& Additional
Paid-in-Capital
 
Accumulated
Other
Comprehensive Income (Loss)
 
Accumulated
Deficit
 
Non-
controlling
Interest
 
Total
Equity
Balance at December 31, 2009
$
9,060.1

 
$
(1.4
)
 
$
(3,236.5
)
 
$
2.6

 
$
5,824.8

Consolidated net income
—

 
—

 
163.1

 
1.5

 
164.6

Change in unrealized loss on investments, net of tax of nil
—

 
(0.4
)
 
—

 
—

 
(0.4
)
Change in foreign currency translation adjustment, net of tax of nil
—

 
(2.7
)
 
—

 
—

 
(2.7
)
Issuance of shares in connection with Employee Stock Purchase Plan
20.8

 
—

 
—

 
—

 
20.8

Exercise of stock options by employees
101.2

 
—

 
—

 
—

 
101.2

Return of capital to noncontrolling interest
—

 
—

 
—

 
(2.0
)
 
(2.0
)
Repurchase and retirement of common stock
(5.7
)
 
—

 
(68.7
)
 
—

 
(74.4
)
Repurchases related to net issuances
—

 
—

 
(1.8
)
 
—

 
(1.8
)
Share-based compensation expense
40.6

 
—

 
—

 
—

 
40.6

Adjustment related to tax benefit from employee stock option plans
50.6

 
—

 
—

 
—

 
50.6

Balance at March 31, 2010
9,267.6

 
(4.5
)
 
(3,143.9
)
 
2.1

 
6,121.3

Consolidated net income
—

 
—

 
130.5

 
(0.2
)
 
130.3

Change in unrealized loss on investments, net of tax of nil
—

 
(1.3
)
 
—

 
—

 
(1.3
)
Change in foreign currency translation adjustment, net of tax of nil
—

 
(4.8
)
 
—

 
—

 
(4.8
)
Exercise of stock options by employees
53.7

 
—

 
—

 
—

 
53.7

Return of capital to noncontrolling interest
—

 
—

 
—

 
(1.0
)
 
(1.0
)
Shares assumed in connection with business acquisition
2.3

 
—

 
—

 
—

 
2.3

Repurchase and retirement of common stock
(9.1
)
 
—

 
(168.3
)
 
—

 
(177.4
)
Share-based compensation expense
43.3

 
—

 
—

 
—

 
43.3

Adjustment related to tax benefit from employee stock option plans
5.4

 
—

 
—

 
—

 
5.4

Balance at June 30, 2010
9,363.2

 
(10.6
)
 
(3,181.7
)
 
0.9

 
6,171.8

Consolidated net income
—

 
—

 
134.5

 
(0.2
)
 
134.3

Change in unrealized loss on investments, net of tax of nil
—

 
8.7

 
—

 
—

 
8.7

Change in foreign currency translation adjustment, net of tax of nil
—

 
6.3

 
—

 
—

 
6.3

Issuance of shares in connection with Employee Stock Purchase Plan
21.0

 
—

 
—

 
—

 
21.0

Exercise of stock options by employees
62.4

 
—

 
—

 
—

 
62.4

Repurchase and retirement of common stock
(44.4
)
 
—

 
(90.5
)
 
—

 
(134.9
)
Repurchases related to net issuances
—

 
—

 
(0.1
)
 
—

 
(0.1
)
Share-based compensation expense
43.1

 
—

 
—

 
—

 
43.1

Adjustment related to tax benefit from employee stock option plans
4.3

 
—

 
—

 
—

 
4.3

Balance at September 30, 2010
$
9,449.6

 
$
4.4

 
$
(3,137.8
)
 
$
0.7

 
$
6,316.9