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Selected Quarterly Data (Tables)
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Information
The following table presents 2013 and 2012 quarterly financial information:
 
2013
In millions, except per-share data
First
Second
Third
Fourth
Year
Net sales
$
1,774.5

$
1,963.7

$
1,824.8

$
1,916.7

$
7,479.7

Gross profit
523.8

667.4

637.6

644.1

2,472.9

Operating income
74.3

225.9

240.0

233.8

774.0

Net income before noncontrolling interest
53.3

155.4

174.2

159.7

542.6

Net income attributable to Pentair Ltd.
51.7

154.1

172.8

158.2

536.8

Earnings per common share attributable to Pentair Ltd. (1)
 
 
 
 
 
Basic
$
0.25

$
0.76

$
0.87

$
0.80

$
2.67

Diluted
0.25

0.75

0.85

0.78

2.62


 
2012
In millions, except per-share data
First
Second
Third
Fourth
Year
Net sales
$
858.2

$
941.5

$
865.5

$
1,750.9

$
4,416.1

Gross profit
280.7

312.1

278.1

398.7

1,269.6

Operating income (loss)
86.5

119.3

55.2

(304.1
)
(43.1
)
Net income (loss) before noncontrolling interest
63.1

74.4

32.6

(274.7
)
(104.6
)
Net income (loss) attributable to Pentair Ltd.
61.7

72.8

31.4

(273.1
)
(107.2
)
Earnings (loss) per common share attributable to Pentair Ltd. (1)
 
 
 
 
 
Basic
$
0.63

$
0.73

$
0.31

$
(1.31
)
$
(0.84
)
Diluted
0.62

0.72

0.31

(1.31
)
(0.84
)
(1)
Amounts may not total to annual earnings because each quarter and year are calculated separately based on basic and diluted weighted-average common shares outstanding during that period.