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Acquisitions and Divestitures
6 Months Ended
Jun. 30, 2011
Acquisitions and Divestitures [Abstract]  
ACQUISITIONS AND DIVESTITURES
 
NOTE 4
ACQUISITIONS & DIVESTITURES
 
Acquisitions
 
 
We did not engage in any significant acquisitions during the first six months of 2011.
 
 
During the first six months of 2010, we spent $401 on acquisitions, net of cash acquired. The substantial majority of the aggregate purchase price pertained to the acquisition of Nova Analytics Corporation (Nova) on March 23, 2010 for $385 which broadened our Fluid segment’s portfolio of analytical instrumentation tools.
 
 
Additionally, in the third quarter of 2010, we completed the acquisitions of Godwin Pumps of America, Inc. and Godwin Holdings Limited (collectively referred to as Godwin) for $580, which expanded our Fluid segment’s presence within the dewatering market in the United States.
 
 
The results of operations and cash flows from our 2010 acquisitions have been included in our Consolidated Condensed Financial Statements prospectively from their date of acquisition. Pro forma results of operations for acquisitions completed in 2010 have not been presented because the assets, liabilities and results of operations for each business are not considered material to our Consolidated Condensed Financial Statements, either individually or in the aggregate.
 
Divestitures
 
 
We did not engage in any significant divestitures during the first six months of 2011 or 2010.
 
 
On September 8, 2010 we completed the sale of CAS, Inc. (CAS), a component of our Defense segment that was engaged in systems engineering and technical assistance for the U.S. Government. Subsequent to this divestiture, we do not have any significant continuing involvement in the operations of CAS, nor do we expect significant continuing cash flows from CAS. Accordingly, the financial position, results of operations and cash flows from CAS are reported as a discontinued operation. During the three and six months ended June 30, 2010, CAS provided third-party revenue of $57 and $114, and operating income of $5 and $9, respectively, included within discontinued operations.