Equity and Redeemable Noncontrolling Interests (Tables)

3 Months Ended

Mar. 31, 2012

Equity And Redeemable Noncontrolling Interests Tables Abstract

A summary of the changes in total equity for the quarters ended March 31, 2012 and 2011 is provided below:

(Millions of dollars)
	Quarter Ended March 31,
	2012			2011

	Praxair, Inc.			Praxair, Inc.
	Shareholders'	Noncontrolling		Shareholders'	Noncontrolling
Activity	Equity	Interests	Total Equity	Equity	Interests	Total Equity

Balance, beginning of period	$5,488	$309	$5,797	$5,792	$353	$6,145
Net Income (b)	419	8	427	398	11	409
Translation Adjustments	266	6	272	220	10	230
Derivative Instruments, net of $1 million taxes in 2012 and net of less than $1 million 2011	1	-	1	1	-	1
Funded Status - retirement obligations, net of $4 million in 2012 and $1 million taxes in 2011	7	-	7	3	-	3
Comprehensive income (loss)	693	14	707	622	21	643
Dividends and other capital reductions to noncontrolling interests	-	4	4	-	(3)	(3)
Additions (Reductions) to noncontrolling interests (a)	-	-	-	-	1	1
Redemption value adjustment to redeemable noncontrolling interests	(4)	-	(4)	-	-	-
Dividends to Praxair, Inc. common stock holders ($0.55 per share in 2012 and $0.50 per share in 2011)	(164)	-	(164)	(152)	-	(152)
Issuances of common stock:
For the dividend reinvestment and stock purchase plan	3	-	3	2	-	2
For employee savings and incentive plans	58	-	58	77	-	77
Purchases of common stock	(182)	-	(182)	(210)	-	(210)
Tax benefit from share-based compensation	31	-	31	20	-	20
Share-based compensation	17	-	17	14	-	14
Balance, end of period	$5,940	$327	$6,267	$6,165	$372	$6,537

Praxair increased (decreased) its ownership in certain consolidated subsidiaries. The difference between the purchase price and the related noncontrolling interests was recorded as a decrease in Praxair's additional paid-in-capital.
In 2012, Net income for noncontrolling interests excludes Net income related to redeemable noncontrolling interests of $5 million, which is not part of total equity (see below).There were no redeemable noncontrolling interests recorded at March 31, 2011.

Components of AOCI Table

The components of AOCI are as follows:

	March 31,	December 31,
(Millions of dollars)	2012	2011

Cumulative translation adjustments (CTA)	$(785)	$(1,057)
Derivative instruments	(4)	(5)
Funded status - retirement obligations	(677)	(684)
	(1,466)	(1,746)
Less: noncontrolling interests (CTA)	6	-
AOCI - Praxair, Inc.	$(1,472)	$(1,746)

Redeemable Noncontrolling Interest [Table Text Block]

The following is a summary of redeemable noncontrolling interests for the quarter ended March 31, 2012:

(Millions of dollars)
Balance, December 31, 2011		$ 220
Net income		5
Distributions to noncontrolling interest		(2)
Redemption value adjustment/accretion		4
Foreign currency translation and other		5
Balance, March 31, 2012		$ 232

- Definition

Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number D-98

-Paragraph 43

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number D-98

-Paragraph 44

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number D-98

-Paragraph 40

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 51

-Paragraph 25

-Appendix A

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number D-98

-Paragraph 41

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number D-98

-Paragraph 42

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details