2.2.0.7 false Contribution of Tools Business Assets and Liabilities to Joint Venture 0202 - Disclosure - Contribution of Tools Business Assets and Liabilities to Joint Venture true false false false 1 USD false false Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 Pure Standard http://www.xbrl.org/2003/instance pure xbrli 0 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 Contribution of Tools Business Assets and Liabilities to Joint Venture [Abstract] 0 cbe_ContributionOfToolsBusinessAssetsAndLiabilitiesToJointVentureAbstract cbe false na duration 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 xbrli:stringItemType string Contribution of Tools Business Assets and Liabilities to Joint Venture Abstract. false 3 Contribution of Tools Business Assets and Liabilities to Joint Venture 1 cbe_ContributionOfToolsBusinessAssetsAndLiabilitiesToJointVentureTextBlock cbe false na duration Description of assets and liabilities of Tools Business that are held for sale in connection with the formation of a Joint... false false false false false false false false false false false verboselabel false 1 false false false false 0 0   <div align="left" style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 12pt"><b>Note 2. 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 that it entered 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”). On July 6, 2010, Cooper announced the completion of the Joint Venture, named Apex Tool Group, LLC. Cooper and Danaher each own a 50 percent interest in the Joint Venture, have equal representation on its Board of Directors and have a 50% voting interest in the Joint Venture. At completion of the transaction in July, Cooper will deconsolidate the Tools business assets and liabilities contributed to the Joint Venture and recognize Cooper’s 50% ownership interest as an equity investment. Subsequently, Cooper will recognize its proportionate share of the Joint Venture’s operating results using the equity method. Recording the investment at its fair value of $480 million will result in a pretax loss of $134.5 million related to the transaction. The pretax loss related to the formation of the Joint Venture will include a $26.5 million gain from the contribution of the Tools business net assets resulting from the difference in the fair value of the equity investment and the carrying value of the net assets being contributed and transaction related costs. This gain will be offset by the write-off of approximately $161.0 million from recognition of the accumulated other nonowner changes in equity related to the Tools business, primarily related to cumulative currency translation losses. Due to the loss of Cooper’s controlling financial interest in the Tools business net assets from the formation of the Joint Venture, these previously deferred currency translation losses included in equity are required to be included in the overall loss calculation on the transaction. The Tools business assets and liabilities contributed to the Joint Venture in July 2010 have been reclassified to separate lines in the accompanying consolidated balance sheets. In the second quarter of 2010, Cooper recognized the $134.5 million loss related to the contribution of the Tools business assets and liabilities to the Joint Venture by recognizing $126.1 million of the cumulative currency translation losses included in other nonowner changes in equity (approximately $82.0 million net of the associated tax affect) and transaction related costs. As a result, Cooper does not expect any material impact to the income statement in the third quarter of 2010 upon deconsolidation of the Tools business assets and liabilities contributed to the Joint Venture. </div>   </div>  <div style="font-family: 'Times New Roman',Times,serif"> <div style="font-family: 'Times New Roman',Times,serif"> <div align="left" style="font-size: 10pt; margin-top: 6pt">     The following table reflects the components of the Tools business assets and liabilities as of June 30, 2010 and December 31, 2009. </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="76%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> <td width="5%"> </td> <td width="1%"> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">June 30,</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2">December 31,</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2010</td> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="2" style="border-bottom: 1px solid #000000">2009</td> <td> </td> </tr> <tr style="font-size: 8pt" valign="bottom"> <td> </td> <td> </td> <td nowrap="nowrap" align="center" colspan="6">(in millions)</td> <td> </td> </tr>   <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Receivables, less allowances </div></td> <td> </td> <td align="left">$</td> <td align="right">111.4</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">100.0</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Inventories </div></td> <td> </td> <td> </td> <td align="right">64.7</td> <td> </td> <td> </td> <td> </td> <td align="right">60.0</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other current assets </div></td> <td> </td> <td> </td> <td align="right">12.5</td> <td> </td> <td> </td> <td> </td> <td align="right">15.6</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Property, plant and equipment, less accumulated depreciation </div></td> <td> </td> <td> </td> <td align="right">85.0</td> <td> </td> <td> </td> <td> </td> <td align="right">92.7</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Goodwill </div></td> <td> </td> <td> </td> <td align="right">303.8</td> <td> </td> <td> </td> <td> </td> <td align="right">304.9</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Other intangible assets, less accumulated amortization </div></td> <td> </td> <td> </td> <td align="right">0.6</td> <td> </td> <td> </td> <td> </td> <td align="right">0.7</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other noncurrent assets </div></td> <td> </td> <td> </td> <td align="right">12.8</td> <td> </td> <td> </td> <td> </td> <td align="right">15.0</td> <td> </td> </tr> <tr style="font-size: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td> <td> </td> <td> </td> <td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Assets to be contributed to Tools joint venture </div></td> <td> </td> <td align="left">$</td> <td align="right">590.8</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">588.9</td> <td> </td> </tr> <tr style="font-size: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td> <td> </td> <td> </td> <td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Accounts payable </div></td> <td> </td> <td> </td> <td align="right">48.2</td> <td> </td> <td> </td> <td> </td> <td align="right">36.9</td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:15px; text-indent:-15px">Accrued liabilities </div></td> <td> </td> <td> </td> <td align="right">55.9</td> <td> </td> <td> </td> <td> </td> <td align="right">54.6</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Other long-term liabilities </div></td> <td> </td> <td> </td> <td align="right">41.6</td> <td> </td> <td> </td> <td> </td> <td align="right">48.6</td> <td> </td> </tr> <tr style="font-size: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td> <td> </td> <td> </td> <td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Liabilities to be contributed to Tools joint venture </div></td> <td> </td> <td align="left">$</td> <td align="right">145.7</td> <td> </td> <td> </td> <td align="left">$</td> <td align="right">140.1</td> <td> </td> </tr> <tr style="font-size: 1px"> <td> <div style="margin-left:15px; text-indent:-15px">  </div></td> <td> </td> <td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td> <td> </td> <td> </td> <td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td> <td> </td> </tr>  </table> </div> </div> </div>  <!-- Begin Block Tagged Note false false false xbrli:normalizedStringItemType normalizedstring Description of assets and liabilities of Tools Business that are held for sale in connection with the formation of a Joint Venture. No authoritative reference available. false 1 2 false UnKnown UnKnown UnKnown false true