XML 36 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Changes in Equity (USD $)
In Millions
Total
Common shares
Treasury shares
Capital contribution reserve
Retained earnings
Accumulated other comprehensive income (loss)
Total Pentair Ltd.
Noncontrolling interest
Beginning Balance at Dec. 31, 2011 $ 2,047.4 $ 47.5   $ 457.7 $ 1,465.8 $ (37.7) $ 1,933.3 $ 114.1
Beginning Balance (in shares) at Dec. 31, 2011   98.6            
Net income 170.1       165.9   165.9 4.2
Changes in cumulative translation adjustment (3.8)         (3.7) (3.7) (0.1)
Changes in market value of derivative financial instruments, net of $0.5 and $2.6 tax for the nine months ended September 28, 2013 and September 29, 2012, respectively (5.3)         (5.3) (5.3)  
Dividends declared (209.2)     (143.0) (66.2)   (209.2)  
Conversion of Stock, Shares Issued   113.6 (2.7)          
Conversion of Stock, Amount Issued 4,931.7 65.5 (119.6) 4,985.8     4,931.7  
Exercise of options, net of shares tendered for payment 20.8 0.4 0.2 20.2     20.8  
Exercise of options, net of shares tendered for payment (in shares)   0.7 0          
Issuance of restricted shares, net of cancellations 18.9 0.1 0 18.8     18.9  
Issuance of restricted shares, net of cancellations (in shares)   0.2 0          
Shares surrendered by employees to pay taxes (2.7) 0 0 (2.7)     (2.7)  
Shares surrendered by employees to pay taxes (in shares)   (0.1) 0          
Share-based compensation 28.5     28.5     28.5  
Ending Balance at Sep. 29, 2012 6,996.4 113.5 (119.4) 5,365.3 1,565.5 (46.7) 6,878.2 118.2
Ending Balance (in shares) at Sep. 29, 2012   213.0 (2.7)          
Beginning Balance at Dec. 31, 2012 6,487.8 113.5 (315.5) 5,292.4 1,292.5 (11.6) 6,371.3 116.5
Beginning Balance (in shares) at Dec. 31, 2012   213.0 (6.9)          
Net income 382.9       378.6   378.6 4.3
Changes in cumulative translation adjustment (29.1)         (29.8) (29.8) 0.7
Changes in market value of derivative financial instruments, net of $0.5 and $2.6 tax for the nine months ended September 28, 2013 and September 29, 2012, respectively (0.3)         (0.3) (0.3)  
Tax benefits of share-based compensation 6.2     6.2     6.2  
Dividends declared (199.6)     (199.6)     (199.6)  
Distribution to noncontrolling interest (2.0)             (2.0)
Share repurchase (540.3)   (540.3)       (540.3)  
Share repurchase (in shares)     (9.7)          
Exercise of options, net of shares tendered for payment 83.2   109.8 (26.6)     83.2  
Exercise of options, net of shares tendered for payment (in shares)     2.5          
Issuance of restricted shares, net of cancellations     28.9 (28.9)        
Issuance of restricted shares, net of cancellations (in shares)     0.6          
Shares surrendered by employees to pay taxes (12.4)   (10.1) (2.3)     (12.4)  
Shares surrendered by employees to pay taxes (in shares)     (0.2)          
Share-based compensation 25.3     25.3     25.3  
Ending Balance at Sep. 28, 2013 $ 6,201.7 $ 113.5 $ (727.2) $ 5,066.5 $ 1,671.1 $ (41.7) $ 6,082.2 $ 119.5
Ending Balance (in shares) at Sep. 28, 2013   213.0 (13.7)