Net Income and Other Nonowner Changes in Equity

9 Months Ended

Sep. 30, 2011

Shareholders' Equity [Abstract]

Net Income and Other Nonowner Changes in Equity

Note 13. Net Income and Other Nonowner Changes in Equity

     The components of net income and other nonowner changes in equity, net of taxes, were as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2011			2010			2011			2010
	(in millions)
Net income	$	160.2		$	141.7		$	667.7		$	301.9
Foreign currency translation1		(54.2	)		67.1			(10.5	)		99.3
Change in fair value of derivatives		4.6			(3.3	)		4.3			(5.8	)
Pension and postretirement benefit plans2		2.2			3.1			5.9			7.6
Net income and other nonowner changes in equity	$	112.8		$	208.6		$	667.4		$	403.0

1

Foreign currency translation gains included in net income and other nonowner changes in equity for the nine month period ended September 30, 2010 includes a gain from the reclassification from equity of $159.3 million ($103.5 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.

2

The change in pension and postretirement benefit plans included in net income and other nonowner changes in equity for the nine month period ended September 30, 2010 includes a gain from the reclassification from equity of $1.7 million ($0.9 million net of the associated tax affect) of previously deferred pension plan losses that were recognized in net income as part of the loss related to the contribution of net assets to the Tools joint venture.