Net Income and Other Nonowner Changes In Equity (Tables)

6 Months Ended

Jun. 30, 2011

The components of net income and other nonowner changes in equity, net of related taxes


	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2011			2010		2011			2010
				(in millions)
Net income	$	161.4		$	41.6	$	507.5		$	160.2
Foreign currency translation gains¹		11.3			65.4		43.7			32.2
Change in fair value of derivatives		(2.2	)		0.1		(0.3	)		(2.5	)
Pension and postretirement benefit plans		1.9			2.3		3.7			4.5

Net income and other nonowner changes in equity	$	172.4		$	109.4	$	554.6		$	194.4


¹		Foreign currency translation gains included in net income and other nonowner changes in equity for the three and six month periods ended June 30, 2010 includes a gain from the reclassification from equity of $126.1 million ($82 million net of the associated tax affect) of previously deferred currency translation losses that were recognized in net income as part of the loss related to the contribution of net assets to the Tools joint venture.

- Definition

Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

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