XML 22 R9.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Transactions
6 Months Ended
Jun. 30, 2011
Transactions [Abstract]  
TRANSACTIONS
NOTE 2 — TRANSACTIONS
Stainless Pipe and Fittings Australia Pty. Ltd.
On June 9, 2011, we acquired Stainless Pipe and Fittings Australia Pty. Ltd. (“MRC SPF”) for $37 million, before consideration of $2 million of cash acquired. MRC SPF, a distributor of stainless steel piping products, operates in seven locations across Australia, Korea, Italy, United Kingdom, and United Arab Emirates. Because the acquisition has recently been consummated, we have not yet determined the fair values of tangible and intangibles assets acquired or liabilities assumed.