2.0.0.10 false Pending Contribution of Tools Business Assets and Liabilities to Joint Venture 0202 - Disclosure - Pending Contribution of Tools Business Assets and Liabilities to Joint Venture true false false false 1 usd $ false false USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 USDEPS Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares xbrli 0 2 Pending Contribution of Tools Business Assets and Liabilities to Joint Venture [Abstract] 0 cbe_PendingContributionOfToolsBusinessAssetsAndLiabilitiesToJointVentureAbstract cbe false na duration string Pending Contribution of Tools Business Assets and Liabilities to Joint Venture Abstract. false false false false false true false false false false false false 1 false false false false 0 0 false false false Pending Contribution of Tools Business Assets and Liabilities to Joint Venture Abstract. false 3 Pending Contribution of Tools Business Assets and Liabilities to Joint Venture 1 us-gaap_BusinessCombinationDisclosureTextBlock us-gaap true na duration string No definition available. false false false false false false false false false false false verboselabel false 1 false false false false 0 0   <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 2. Pending Contribution of Tools Business Assets and Liabilities to Joint Venture</b> </div> <div align="left" style="font-size: 10pt; margin-top: 6pt">     On March 26, 2010, Cooper announced entering into a Framework Agreement with Danaher Corporation to create a joint venture combining Cooper’s Tools business with certain Tools businesses from Danaher’s Tools and Components Segment (the “Joint Venture”). Cooper and Danaher will each own a 50 percent interest in the Joint Venture. Cooper and Danaher will each have a 50% voting interest in the Joint Venture and an equal number of representatives on its Board of Directors. Closing of the transaction is subject to the Joint Venture obtaining a credit facility and term debt financing in an amount not less than $190 million, obtaining regulatory approvals and other closing conditions. Cooper currently anticipates that the Joint Venture will be completed in the second quarter of 2010. Upon completion of the Joint Venture, Cooper will deconsolidate the Tools assets and liabilities to be contributed to the Joint Venture, including related amounts of accumulated other nonowner changes in equity (primarily related to cumulative translation adjustments) and recognize Cooper’s 50% ownership interest in the Joint Venture at fair value as an equity investment. It is anticipated that Cooper will recognize a net after-tax loss on the transaction currently estimated at approximately $100 million, which will include an after-tax gain from the contribution of the Tools net assets to the Joint Venture, an after-tax non-cash loss of approximately $100 million from recognition of the Tools related accumulated other nonowner changes in equity, and the recognition of incremental deferred income taxes on the difference between the fair value of the equity investment and Cooper’s income tax basis in the Tools assets and liabilities. The actual net after tax loss will be determined at the completion of the Joint Venture and may be significantly different than the $100 million currently estimated due to changes in the underlying net assets of the Tools business, the related tax basis, the related accumulated other nonowner changes in equity, or the fair value of the equity investment. </div> </div>  <!-- Begin Block Tagged Note false false false Description of a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. This element may be used as a single block of text to encapsulate the entire disclosure (including data and tables) regarding business combinations, including leverage buyout transactions (as applicable). Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 51, 52 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number 88-16 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph 67-73 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph F4 -Subparagraph e -Appendix F false false 1 2 false UnKnown UnKnown UnKnown false true