Acquisitions and Divestitures	6 Months Ended
Jun. 28, 2014
Acquisitions and Divestitures	Acquisitions and Divestitures Acquisitions On January 30, 2014, we acquired, as part of Process Technologies, the remaining 19.9 percent ownership interest in a U.S. entity and an international entity (collectively, "Pentair Residential Filtration" or “PRF”), from GE Water & Process Technologies (a unit of General Electric Company) (“GE”) for $134.3 million in cash. Prior to the acquisition, we held an 80.1 percent ownership equity interest in PRF, representing our and GE's respective global water softener and residential water filtration businesses. There was no material pro forma impact from this acquisition as the results of PRF were consolidated into our financial statements prior to acquiring the remaining interest. Divestitures During the first quarter of 2014 we sold a business that was part of Flow Technologies resulting in a loss of $8.0 million. During the first quarter of 2013 we sold a business that was part of Technical Solutions for a cash purchase price of $30.0 million, net of transaction costs, resulting in a gain of $16.7 million. Goodwill of $5.3 million was included in the assets of the business sold. The sales price was subject to a working capital adjustment and we received an additional $0.1 million cash in the third quarter of 2013 as a result. On July 28, 2014, our Board of Directors approved a decision to exit our Water Transport business in Australia. We expect to dispose of the Water Transport business by early to mid-2015. In the third quarter of 2014, we expect to reclassify the approximately $500 million carrying value, including approximately $248 million of goodwill, of our Water Transport business to assets held for sale and treat Water Transport as a Discontinued Operation. We are evaluating the business for potential loss on sale, but have not yet determined if the loss is material and are currently unable to reasonably estimate in good faith the amount of the charge.

Acquisitions and Divestitures

Acquisitions

On January 30, 2014, we acquired, as part of Process Technologies, the remaining 19.9 percent ownership interest in a U.S. entity and an international entity (collectively, "Pentair Residential Filtration" or “PRF”), from GE Water & Process Technologies (a unit of General Electric Company) (“GE”) for $134.3 million in cash. Prior to the acquisition, we held an 80.1 percent ownership equity interest in PRF, representing our and GE's respective global water softener and residential water filtration businesses. There was no material pro forma impact from this acquisition as the results of PRF were consolidated into our financial statements prior to acquiring the remaining interest.

Divestitures

During the first quarter of 2014 we sold a business that was part of Flow Technologies resulting in a loss of $8.0 million.

During the first quarter of 2013 we sold a business that was part of Technical Solutions for a cash purchase price of $30.0 million, net of transaction costs, resulting in a gain of $16.7 million. Goodwill of $5.3 million was included in the assets of the business sold. The sales price was subject to a working capital adjustment and we received an additional $0.1 million cash in the third quarter of 2013 as a result.

On July 28, 2014, our Board of Directors approved a decision to exit our Water Transport business in Australia. We expect to dispose of the Water Transport business by early to mid-2015. In the third quarter of 2014, we expect to reclassify the approximately $500 million carrying value, including approximately $248 million of goodwill, of our Water Transport business to assets held for sale and treat Water Transport as a Discontinued Operation. We are evaluating the business for potential loss on sale, but have not yet determined if the loss is material and are currently unable to reasonably estimate in good faith the amount of the charge.