$PNR
PENTAIR plc Stock $pnr

$pnr Overview Financials Valuation SEC Filings Company Website

2012 Q3 Form 10-Q Financial Statement

#000119312512445897 Filed on November 01, 2012

Income Statement

Concept	2012 Q3	2011 Q4
Revenue	$865.5M	$865.7M
YoY Change	-4.91%	11.88%
Cost Of Revenue	$587.4M	$618.5M
YoY Change	-5.63%	15.13%
Gross Profit	$278.1M	$272.1M
YoY Change	-3.35%	15.02%
Gross Profit Margin	32.13%	31.43%
Selling, General & Admin	$203.1M	$159.1M
YoY Change	28.19%	23.45%
% of Gross Profit	73.03%	58.47%
Research & Development	$19.80M	$20.09M
YoY Change	-0.41%	19.13%
% of Gross Profit	7.12%	7.38%
Depreciation & Amortization	$25.60M	$29.00M
YoY Change	-9.54%	41.46%
% of Gross Profit	9.21%	10.66%
Operating Expenses	$222.9M	$179.2M
YoY Change	25.0%	22.95%
Operating Profit	$55.20M	-$186.2M
YoY Change	-49.22%	-304.99%
Interest Expense	-$18.00M	-$16.80M
YoY Change	29.5%	95.35%
% of Operating Profit	-32.61%
Other Income/Expense, Net
YoY Change
Pretax Income	$37.20M	$76.10M
YoY Change	-61.04%	-7.44%
Income Tax	$4.600M	$24.05M
% Of Pretax Income	12.37%	31.6%
Net Earnings	$31.40M	$50.65M
YoY Change	-52.63%	-8.0%
Net Earnings / Revenue	3.63%	5.85%
Basic Earnings Per Share	$0.31	-$1.77
Diluted Earnings Per Share	$0.31	$0.50
COMMON SHARES
Basic Shares Outstanding	100.4M shares	98.47M shares
Diluted Shares Outstanding	102.9M shares	99.80M shares

Balance Sheet

Concept	2012 Q3	2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$643.0M	$53.00M
YoY Change	831.88%	-7.02%
Cash & Equivalents	$642.6M	$50.10M
Short-Term Investments
Other Short-Term Assets	$399.0M	$168.7M
YoY Change	114.52%	68.69%
Inventory	$1.380B	$449.9M
Prepaid Expenses		$42.83M
Receivables	$1.320B	$557.0M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$3.740B	$1.238B
YoY Change	180.26%	15.76%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.156B	$387.5M
YoY Change	181.66%	17.63%
Goodwill	$4.767B	$2.274B
YoY Change	85.22%	10.06%
Intangibles	$1.955B	$592.3M
YoY Change	198.44%	30.58%
Long-Term Investments		$6.000M
YoY Change
Other Assets	$354.5M	$94.75M
YoY Change	349.98%	71.69%
Total Long-Term Assets	$8.232B	$3.348B
YoY Change	121.43%	30.05%
TOTAL ASSETS
Total Short-Term Assets	$3.740B	$1.238B
Total Long-Term Assets	$8.232B	$3.348B
Total Assets	$11.97B	$4.586B
YoY Change	136.97%	15.42%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$602.7M	$294.9M
YoY Change	91.09%	12.39%
Accrued Expenses	$522.0M	$207.0M
YoY Change	162.31%	15.0%
Deferred Revenue
YoY Change
Short-Term Debt	$17.00K	$29.71M
YoY Change	-99.92%	502.17%
Long-Term Debt Due	$501.4M	$1.194M
YoY Change	38796.43%	6533.33%
Total Short-Term Liabilities	$2.132B	$641.8M
YoY Change	199.68%	17.38%
LONG-TERM LIABILITIES
Long-Term Debt	$1.495B	$1.304B
YoY Change	8.03%	93.79%
Other Long-Term Liabilities	$279.1M	$123.5M
YoY Change	225.87%	-66.25%
Total Long-Term Liabilities	$1.775B	$1.428B
YoY Change	20.73%	37.41%
TOTAL LIABILITIES
Total Short-Term Liabilities	$2.132B	$641.8M
Total Long-Term Liabilities	$1.775B	$1.428B
Total Liabilities	$4.906B	$2.539B
YoY Change	82.69%	43.56%
SHAREHOLDERS EQUITY
Retained Earnings	$1.676B	$1.466B
YoY Change	-1.52%	-9.78%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)	$119.4M
YoY Change
Treasury Stock Shares	2.708M shares
Shareholders Equity	$6.848B	$1.933B
YoY Change
Total Liabilities & Shareholders Equity	$11.97B	$4.586B
YoY Change	136.97%	15.42%

Cashflow Statement

Concept	2012 Q3	2011 Q4
OPERATING ACTIVITIES
Net Income	$31.40M	$50.65M
YoY Change	-52.63%	-8.0%
Depreciation, Depletion And Amortization	$25.60M	$29.00M
YoY Change	-9.54%	41.46%
Cash From Operating Activities	$80.60M	$88.00M
YoY Change	-59.86%	-5.17%
INVESTING ACTIVITIES
Capital Expenditures	-$18.60M	-$17.90M
YoY Change	-15.07%	26.95%
Acquisitions
YoY Change
Other Investing Activities	$691.9M	-$500.0K
YoY Change	-196.35%	-600.0%
Cash From Investing Activities	$673.3M	-$18.40M
YoY Change	-190.97%	32.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-173.3M	-81.40M
YoY Change	-131.09%	13.53%
NET CHANGE
Cash From Operating Activities	80.60M	88.00M
Cash From Investing Activities	673.3M	-18.40M
Cash From Financing Activities	-173.3M	-81.40M
Net Change In Cash	580.6M	-11.80M
YoY Change	3107.73%	-263.89%
FREE CASH FLOW
Cash From Operating Activities	$80.60M	$88.00M
Capital Expenditures	-$18.60M	-$17.90M
Free Cash Flow	$99.20M	$105.9M
YoY Change	-55.46%	-0.94%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2012Q3	us-gaap	Share Price SharePrice	43.39
CY2010Q4	us-gaap	Goodwill Goodwill	2066044000
CY2010Q4	us-gaap	Restructuring Reserve RestructuringReserve	3994000
CY2010Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2205032000
CY2010Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	30050000
CY2010Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	46056000
CY2011Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	107792000
CY2011Q4	us-gaap	Goodwill Goodwill	2273918000
CY2011Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	1018538000
CY2011Q4	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	60899000
CY2011Q4	us-gaap	Debt Longterm And Shortterm Combined Amount DebtLongtermAndShorttermCombinedAmount	1309087000
CY2011Q4	us-gaap	Pension And Other Postretirement Defined Benefit Plans Current Liabilities PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities	9052000
CY2011Q4	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	42630000
CY2011Q4	us-gaap	Restructuring Reserve RestructuringReserve	12805000
CY2011Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	94750000
CY2011Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	3694000
CY2011Q4	us-gaap	Goodwill Impaired Accumulated Impairment Loss GoodwillImpairedAccumulatedImpairmentLoss	200500000
CY2011Q4	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	692930000
CY2011Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2011Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	40251000
CY2011Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	129522000
CY2011Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2047392000
CY2011Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	250000000	shares
CY2011Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	14547000
CY2011Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	109361000
CY2011Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	98622564	shares
CY2011Q4	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	219487000
CY2011Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	47707000
CY2011Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	29355000
CY2011Q4	us-gaap	Liabilities Liabilities	2538921000
CY2011Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	294858000
CY2011Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	26500000
CY2011Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	97039000
CY2011Q4	us-gaap	Accrued Income Taxes Noncurrent AccruedIncomeTaxesNoncurrent	26470000
CY2011Q4	us-gaap	Common Stock Value Outstanding CommonStockValueOutstanding	47526000
CY2011Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1579290000
CY2011Q4	us-gaap	Assets Assets	4586313000
CY2011Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	188957000
CY2011Q4	us-gaap	Inventory Net InventoryNet	449863000
CY2011Q4	us-gaap	Accounts And Notes Receivable Net AccountsAndNotesReceivableNet	569204000
CY2011Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	4586313000
CY2011Q4	us-gaap	Minority Interest MinorityInterest	114063000
CY2011Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	50077000
CY2011Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	98622564	shares
CY2011Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	592285000
CY2011Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-151241000
CY2011Q4	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	136200000
CY2011Q4	us-gaap	Liabilities Current LiabilitiesCurrent	641841000
CY2011Q4	us-gaap	Land And Land Improvements LandAndLandImprovements	41111000
CY2011Q4	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	252034000
CY2011Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	39111000
CY2011Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	154411000
CY2011Q4	us-gaap	Assets Current AssetsCurrent	1237835000
CY2011Q4	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	248615000
CY2011Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	182669000
CY2011Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	631013000
CY2011Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	387525000
CY2011Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	1168000
CY2011Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	457754000
CY2011Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1304225000
CY2011Q4	pnr	Building And Leasehold Improvements Gross BuildingAndLeaseholdImprovementsGross	244246000
CY2011Q4	pnr	Total Other Assets TotalOtherAssets	2960953000
CY2011Q4	pnr	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	746696000
CY2011Q4	pnr	Indefinite Lived Intangible Assets Gross Excluding Goodwill IndefiniteLivedIntangibleAssetsGrossExcludingGoodwill	252034000
CY2011Q4	pnr	Accrued Rebates And Sales Incentives AccruedRebatesAndSalesIncentives	37009000
CY2011Q4	pnr	Environmental Reserve Other Accrued Costs EnvironmentalReserveOtherAccruedCosts	1500000
CY2011Q4	pnr	Post Retirement Medical And Other Benefits Noncurrent PostRetirementMedicalAndOtherBenefitsNoncurrent	31774000
CY2011Q4	pnr	Indefinite Lived Intangible Assets Accumulated Amortization IndefiniteLivedIntangibleAssetsAccumulatedAmortization
CY2011Q4	pnr	Liability Reserve For Insurance Claims LiabilityReserveForInsuranceClaims	0
CY2011Q4	pnr	Liability For Claims And Contingencies LiabilityForClaimsAndContingencies	600000
CY2011Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	147568000
CY2011Q4	us-gaap	Goodwill Goodwill	2516692000
CY2011Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	1022282000
CY2011Q4	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	61411000
CY2011Q4	us-gaap	Debt Longterm And Shortterm Combined Amount DebtLongtermAndShorttermCombinedAmount	1348353000
CY2011Q4	us-gaap	Pension And Other Postretirement Defined Benefit Plans Current Liabilities PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities	8733000
CY2011Q4	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	43920000
CY2011Q4	us-gaap	Restructuring Reserve RestructuringReserve	2720000
CY2011Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	73319000
CY2011Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	29705000
CY2011Q4	us-gaap	Goodwill Impaired Accumulated Impairment Loss GoodwillImpairedAccumulatedImpairmentLoss	0
CY2011Q4	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	690617000
CY2011Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2011Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	42723000
CY2011Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	163550000
CY2011Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2298116000
CY2011Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	250000000	shares
CY2011Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	26283000
CY2011Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	117538000
CY2011Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	98566023	shares
CY2011Q4	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	236159000
CY2011Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	49393000
CY2011Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	31685000
CY2011Q4	us-gaap	Liabilities Liabilities	2584327000
CY2011Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	281448000
CY2011Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	24600000
CY2011Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	79489000
CY2011Q4	us-gaap	Accrued Income Taxes Noncurrent AccruedIncomeTaxesNoncurrent	23891000
CY2011Q4	us-gaap	Common Stock Value Outstanding CommonStockValueOutstanding	47496000
CY2011Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1733281000
CY2011Q4	us-gaap	Assets Assets	4882443000
CY2011Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	228737000
CY2011Q4	us-gaap	Inventory Net InventoryNet	459916000
CY2011Q4	us-gaap	Accounts And Notes Receivable Net AccountsAndNotesReceivableNet	556688000
CY2011Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	4882443000
CY2011Q4	us-gaap	Minority Interest MinorityInterest	115419000
CY2011Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	52665000
CY2011Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	98566023	shares
CY2011Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	619262000
CY2011Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-48039000
CY2011Q4	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	146200000
CY2011Q4	us-gaap	Liabilities Current LiabilitiesCurrent	717602000
CY2011Q4	us-gaap	Land And Land Improvements LandAndLandImprovements	41808000
CY2011Q4	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	257741000
CY2011Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	42436000
CY2011Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	144421000
CY2011Q4	us-gaap	Assets Current AssetsCurrent	1278248000
CY2011Q4	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	190221000
CY2011Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	174364000
CY2011Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	627360000
CY2011Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	394922000
CY2011Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	1194000
CY2011Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	449959000
CY2011Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1317454000
CY2011Q4	pnr	Building And Leasehold Improvements Gross BuildingAndLeaseholdImprovementsGross	247134000
CY2011Q4	pnr	Total Other Assets TotalOtherAssets	3209273000
CY2011Q4	pnr	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	763683000
CY2011Q4	pnr	Indefinite Lived Intangible Assets Gross Excluding Goodwill IndefiniteLivedIntangibleAssetsGrossExcludingGoodwill	257741000
CY2011Q4	pnr	Accrued Rebates And Sales Incentives AccruedRebatesAndSalesIncentives	45231000
CY2011Q4	pnr	Environmental Reserve Other Accrued Costs EnvironmentalReserveOtherAccruedCosts	1400000
CY2011Q4	pnr	Post Retirement Medical And Other Benefits Noncurrent PostRetirementMedicalAndOtherBenefitsNoncurrent	26933000
CY2011Q4	pnr	Indefinite Lived Intangible Assets Accumulated Amortization IndefiniteLivedIntangibleAssetsAccumulatedAmortization
CY2011Q4	pnr	Liability Reserve For Insurance Claims LiabilityReserveForInsuranceClaims	0
CY2011Q4	pnr	Liability For Claims And Contingencies LiabilityForClaimsAndContingencies	600000
CY2012Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	210292400	shares
CY2012Q3	pnr	Debt Maturities Repayments Of Principal In Year Three DebtMaturitiesRepaymentsOfPrincipalInYearThree	2669000
CY2012Q3	pnr	Debt Maturities Repayments Of Principal In Year Four DebtMaturitiesRepaymentsOfPrincipalInYearFour	13209000
CY2012Q3	pnr	Debt Maturities Repayments Of Principal In Year Five DebtMaturitiesRepaymentsOfPrincipalInYearFive	409131000
CY2012Q3	pnr	Debt Maturities Repayments Of Principal After Year Five DebtMaturitiesRepaymentsOfPrincipalAfterYearFive	1064672000
CY2012Q3	pnr	Indefinite Lived Intangible Assets Gross Excluding Goodwill IndefiniteLivedIntangibleAssetsGrossExcludingGoodwill	641693000
CY2012Q3	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	304029000
CY2012Q3	us-gaap	Treasury Stock Shares TreasuryStockShares	2707600	shares
CY2012Q3	us-gaap	Minority Interest Ownership Percentage By Noncontrolling Owners MinorityInterestOwnershipPercentageByNoncontrollingOwners	0.25	pure
CY2012Q3	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	29456000
CY2012Q3	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	599255000
CY2012Q3	us-gaap	Inventory Work In Process InventoryWorkInProcess	221153000
CY2012Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	266813000
CY2012Q3	us-gaap	Goodwill Goodwill	4766519000
CY2012Q3	us-gaap	Operating Leases Future Minimum Payments Due Current OperatingLeasesFutureMinimumPaymentsDueCurrent	49566000
CY2012Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	1835899000
CY2012Q3	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	131531000
CY2012Q3	us-gaap	Debt Longterm And Shortterm Combined Amount DebtLongtermAndShorttermCombinedAmount	1996761000
CY2012Q3	us-gaap	Pension And Other Postretirement Defined Benefit Plans Current Liabilities PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities	14790000
CY2012Q3	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	64498000
CY2012Q3	us-gaap	Restructuring Reserve RestructuringReserve	27985000
CY2012Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	354531000
CY2012Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	126176000
CY2012Q3	us-gaap	Short Term Borrowings ShortTermBorrowings	17000
CY2012Q3	us-gaap	Goodwill Impaired Accumulated Impairment Loss GoodwillImpairedAccumulatedImpairmentLoss	200500000
CY2012Q3	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	21634000
CY2012Q3	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	994346000
CY2012Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2012Q3	us-gaap	Construction In Progress Gross ConstructionInProgressGross	133046000
CY2012Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	347889000
CY2012Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	6966241000
CY2012Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	213000000	shares
CY2012Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	123630000
CY2012Q3	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	39940000
CY2012Q3	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	50223000
CY2012Q3	us-gaap	Liabilities Liabilities	4906094000
CY2012Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	602707000
CY2012Q3	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	49100000
CY2012Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	186821000
CY2012Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	279140000
CY2012Q3	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	19500000
CY2012Q3	us-gaap	Accrued Income Taxes Noncurrent AccruedIncomeTaxesNoncurrent	49041000
CY2012Q3	us-gaap	Common Stock Value Outstanding CommonStockValueOutstanding	113454000
CY2012Q3	us-gaap	Capital Leases Future Minimum Payments Due CapitalLeasesFutureMinimumPaymentsDue	32400000
CY2012Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1676199000
CY2012Q3	us-gaap	Assets Assets	11972335000
CY2012Q3	us-gaap	Defined Benefit Plan Benefit Obligation DefinedBenefitPlanBenefitObligation	347500000
CY2012Q3	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	539451000
CY2012Q3	us-gaap	Redeemable Noncontrolling Interest Equity Carrying Amount RedeemableNoncontrollingInterestEquityCarryingAmount	100000000
CY2012Q3	us-gaap	Inventory Net InventoryNet	1379971000
CY2012Q3	us-gaap	Accounts And Notes Receivable Net AccountsAndNotesReceivableNet	1319561000
CY2012Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	11972335000
CY2012Q3	us-gaap	Minority Interest MinorityInterest	118186000
CY2012Q3	us-gaap	Treasury Stock Value TreasuryStockValue	119405000
CY2012Q3	us-gaap	Commercial Paper CommercialPaper	100000000
CY2012Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	642570000
CY2012Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	231000000	shares
CY2012Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	1954512000
CY2012Q3	us-gaap	Operating Leases Future Minimum Payments Due Thereafter OperatingLeasesFutureMinimumPaymentsDueThereafter	29256000
CY2012Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-160134000
CY2012Q3	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	461900000
CY2012Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	125241000
CY2012Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	171463000
CY2012Q3	us-gaap	Liabilities Current LiabilitiesCurrent	2131949000
CY2012Q3	us-gaap	Land And Land Improvements LandAndLandImprovements	159119000
CY2012Q3	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	641693000
CY2012Q3	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	33097000
CY2012Q3	us-gaap	Dividends Payable Amount Per Share DividendsPayableAmountPerShare	0.68
CY2012Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.50
CY2012Q3	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	183268000
CY2012Q3	us-gaap	Assets Current AssetsCurrent	3740446000
CY2012Q3	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	382181000
CY2012Q3	us-gaap	Inventory Finished Goods InventoryFinishedGoods	559563000
CY2012Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	46558000
CY2012Q3	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	203350000
CY2012Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	679572000
CY2012Q3	us-gaap	Dividends Payable Current DividendsPayableCurrent	142999000
CY2012Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1156327000
CY2012Q3	us-gaap	Long Term Debt Current LongTermDebtCurrent	501375000
CY2012Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	5337941000
CY2012Q3	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1495369000
CY2012Q3	us-gaap	Unrecorded Unconditional Purchase Obligation Imputed Interest UnrecordedUnconditionalPurchaseObligationImputedInterest	2600000
CY2012Q3	pnr	Building And Leasehold Improvements Gross BuildingAndLeaseholdImprovementsGross	549388000
CY2012Q3	pnr	Total Other Assets TotalOtherAssets	7075562000
CY2012Q3	pnr	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	2137780000
CY2012Q3	pnr	Debt Instrument Proceeds Used To Repay Amounts Of Other Debt DebtInstrumentProceedsUsedToRepayAmountsOfOtherDebt	435000000
CY2012Q3	pnr	Debt Maturities Repayments Of Principal In Next Twelve Months DebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	3379000
CY2012Q3	pnr	Debt Maturities Repayments Of Principal In Year Two DebtMaturitiesRepaymentsOfPrincipalInYearTwo	3383000
CY2012Q3	pnr	Accrued Rebates And Sales Incentives AccruedRebatesAndSalesIncentives	153645000
CY2012Q3	pnr	Debt Maturities Repayments Of Principal Within Remainder Of Year DebtMaturitiesRepaymentsOfPrincipalWithinRemainderOfYear	500318000
CY2012Q3	pnr	Environmental Reserve Other Accrued Costs EnvironmentalReserveOtherAccruedCosts	14100000
CY2012Q3	pnr	Post Retirement Medical And Other Benefits Noncurrent PostRetirementMedicalAndOtherBenefitsNoncurrent	28963000
CY2012Q3	pnr	Indefinite Lived Intangible Assets Accumulated Amortization IndefiniteLivedIntangibleAssetsAccumulatedAmortization
CY2012Q3	pnr	Maximum Annual Authorized Share Increase MaximumAnnualAuthorizedShareIncrease	106500000	shares
CY2012Q3	pnr	Operating Leases Future Minimum Payments Due Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsDueRemainderOfFiscalYear	13998000
CY2012Q3	pnr	Liability Reserve For Insurance Claims LiabilityReserveForInsuranceClaims	50300000
CY2012Q3	pnr	Liability For Claims And Contingencies LiabilityForClaimsAndContingencies	68200000
	dei	Trading Symbol TradingSymbol	PNR
	dei	Entity Registrant Name EntityRegistrantName	PENTAIR LTD
	dei	Amendment Flag AmendmentFlag	false
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2012
	dei	Document Type DocumentType	10-Q
	dei	Document Period End Date DocumentPeriodEndDate	2012-09-29
	dei	Entity Central Index Key EntityCentralIndexKey	0000077360
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	us-gaap	Description Of Location Of Interest Rate Cash Flow Hedge Derivative On Balance Sheet DescriptionOfLocationOfInterestRateCashFlowHedgeDerivativeOnBalanceSheet	Derivative gains and losses included in AOCI
	us-gaap	Operating Income Loss OperatingIncomeLoss	256421000
	us-gaap	Debt Instrument Covenant Compliance DebtInstrumentCovenantCompliance	We were in compliance with all financial covenants in our debt agreements.
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	4227000
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-30673000
	us-gaap	Increase Decrease In Other Employee Related Liabilities IncreaseDecreaseInOtherEmployeeRelatedLiabilities	-14944000
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	-671797000
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	723443000
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	9894000
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	154169000
	us-gaap	Restructuring And Related Cost Number Of Positions Eliminated RestructuringAndRelatedCostNumberOfPositionsEliminated	153	Person
	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	18633000
	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	4123000
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0.0212	pure
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	16263000
	us-gaap	Share Based Compensation ShareBasedCompensation	28527000
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.60
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	5130000
	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	39029000
	us-gaap	Profit Loss ProfitLoss	167289000
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.201	pure
	us-gaap	Product Warranty Accrual Additions From Business Acquisition ProductWarrantyAccrualAdditionsFromBusinessAcquisition	18591000
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	247351000
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	623911000
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	3122000
	us-gaap	Dividends Common Stock DividendsCommonStock	142999000
	us-gaap	Product Warranty Expense ProductWarrantyExpense	41337000
	us-gaap	Product Warranty Accrual Currency Translation Increase Decrease ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease	-31000
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	49942000
	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	-3683000
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	592493000
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	500860000
	us-gaap	Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness GainLossOnInterestRateCashFlowHedgeIneffectiveness	4900000
	us-gaap	Restructuring Charges RestructuringCharges	11200000
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	66153000
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	4478000
	us-gaap	Pension And Other Postretirement Benefit Expense PensionAndOtherPostretirementBenefitExpense	-20062000
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	13.18
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	101708000	shares
	us-gaap	Conversion Of Stock Amount Issued1 ConversionOfStockAmountIssued1	4904254000
	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	20702000
	us-gaap	Sales Revenue Net SalesRevenueNet	2665214000
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-27301000
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-3765000
	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	66153000
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.64
	us-gaap	Nature Of Operations NatureOfOperations	<div> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="5%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"><b>1.</b></font></td> <td valign="top" align="left"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Background and Nature of Operations</b></font></td> </tr> </table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Pentair Ltd., formerly known as Tyco Flow Control International Ltd. (as used prior to the Merger (as defined below), “Flow Control”), is a company organized under the laws of Switzerland. In these notes, the terms “us, “we” or “our” refer to Pentair Ltd. and its consolidated subsidiaries. Our business took its current form on September 28, 2012 as a result of a spin-off of Flow Control from its parent, Tyco International Ltd. (“Tyco”), and a reverse acquisition involving Pentair, Inc.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Prior to the spin-off, Tyco engaged in an internal restructuring whereby it transferred to Flow Control certain assets related to the flow control business of Tyco, and Flow Control assumed from Tyco certain liabilities related to the flow control business of Tyco. On September 28, 2012 prior to the Merger (as defined below), Tyco effected a spin-off of Flow Control through the pro-rata distribution of 100% of the outstanding common shares of Flow Control to Tyco’s shareholders (the “Distribution”), resulting in the distribution of 110,898,934 of our common shares to Tyco’s shareholders. Immediately following the Distribution, an indirect, wholly-owned subsidiary of ours merged with and into Pentair, Inc., with Pentair, Inc. surviving as an indirect, wholly-owned subsidiary of ours (the “Merger”). At the effective time of the Merger, each Pentair, Inc. common share was converted into the right to receive one of our common shares, resulting in 99,388,463 of our common shares being issued to Pentair, Inc. shareholders. The Merger is intended to be tax-free for U.S. federal income tax purposes. After the Merger, our common shares are traded on the New York Stock Exchange under the symbol PNR. Tyco equity-based awards held by Flow Control employees and certain Tyco employees and directors outstanding prior to the completion of the Distribution were converted in connection with the Distribution into equity-based awards with respect to our common shares and were assumed by us. Pentair, Inc. equity-based awards outstanding prior to the completion of the Merger were converted upon completion of the Merger into equity-based awards with respect to our common shares and were assumed by us.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The Merger is accounted for as a reverse acquisition under the purchase method of accounting with Pentair, Inc. treated as the acquirer, reflecting the control maintained by the executive management and board of directors of Pentair, Inc. after the Merger. As such, on the acquisition date of September 28, 2012, the assets and liabilities of Flow Control have been assessed at fair value and the assets and liabilities of Pentair, Inc. are carried over at the historical cost. For periods prior to September 28, 2012, the consolidated statements of income and consolidated statements of cash flows include the historical results of Pentair, Inc. For all reporting periods following the consummation of the Merger, the consolidated financial statements will include the results of Flow Control. The revenues and expenses of Flow Control for the period from the date of the Merger to September 29, 2012 were not material.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Our common share balances prior to the Merger have been adjusted to reflect the one-for-one conversion of the Pentair, Inc. shares to Pentair Ltd. shares, with the difference in par value being adjusted in <i>Capital contribution reserve</i>. Total stockholders’ equity in periods prior to the Merger was unchanged.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Based on the price of Pentair, Inc. common stock and our common shares issued on the date of the Merger, the purchase price was composed of the following:</font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px">  </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="LINE-HEIGHT: 0pt; VISIBILITY: hidden; COLOR: white"> <td width="89%"></td> <td valign="bottom" width="3%"></td> <td></td> <td nowrap="nowrap"><font size="2">                              </font></td> <td></td> </tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><i>(in thousands)</i></font></td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom" colspan="2"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom" colspan="4"> <p style="BORDER-TOP: #000000 2px solid"> </p> </td> <td> </td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Value of common shares issued to Tyco shareholders (1)</font></p> </td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4,811,363 </font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Cash paid to Tyco shareholders in lieu of fractional common shares (2)</font></p> </td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">542 </font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Value of replacement equity-based awards to holders of Tyco equity-based awards (3)</font></p> </td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">92,349 </font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom" colspan="4"> <p style="BORDER-TOP: #000000 1px solid"> </p> </td> <td> </td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Purchase Price</b></font></p> </td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4,904,254 </font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom" colspan="4"> <p style="BORDER-TOP: #000000 3px double"> </p> </td> <td> </td> </tr> </table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px">  </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="3%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">(1)</font></td> <td valign="top" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Equals 110,886,444 Pentair Ltd. shares distributed to Tyco shareholders multiplied by the Merger date share price of $43.39.</font></td> </tr> </table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px">  </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="3%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">(2)</font></td> <td valign="top" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">Equals cash paid to Tyco shareholders in lieu of 12,490 Pentair Ltd. fractional shares multiplied by the Merger date share price of $43.39.</font></td> </tr> </table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px">  </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="3%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">(3)</font></td> <td valign="top" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">In accordance with applicable accounting guidance, the fair value of replacement equity-based awards attributable to pre-combination service is recorded as part of the consideration transferred in the Merger, while the fair value of replacement equity-based awards attributable to post-combination service is recorded separately from the business combination and recognized as compensation cost in the post-acquisition period over the remaining service period. The fair value of our equivalent stock options was estimated using the Black-Scholes valuation model utilizing various assumptions.</font></td> </tr> </table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px; FONT-SIZE: 1px">  </p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The purchase price has been preliminarily allocated based on the estimated fair value of net assets acquired and liabilities assumed at the date of the Merger. We have retained third-party valuation advisors to conduct analyses of the assets acquired and liabilities assumed in order to assist in the determination of the purchase price allocation. The preliminary purchase price allocation is subject to further refinement and may require significant adjustments to arrive at the final purchase price allocation. These changes will primarily relate to the fair value of tangible and intangible assets acquired and liabilities assumed. We expect the purchase price allocation to be completed in the second quarter of 2013. There can be no assurance that such finalization will not result in material changes from the preliminary purchase price allocation.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The following table summarizes our preliminary estimates of the fair values of the assets acquired and liabilities assumed in the Merger:</font></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 12px">  </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr style="LINE-HEIGHT: 0pt; VISIBILITY: hidden; COLOR: white"> <td width="89%"></td> <td valign="bottom" width="3%"></td> <td></td> <td nowrap="nowrap"><font size="2">                              </font></td> <td></td> </tr> <tr> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"><i>(in thousands)</i></font></td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom" colspan="2"><font size="1"> </font></td> <td valign="bottom"><font size="1"> </font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom" colspan="4"> <p style="BORDER-TOP: #000000 2px solid"> </p> </td> <td> </td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Cash</font></p> </td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">691,702 </font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Accounts receivable</font></p> </td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">774,277 </font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Inventories</font></p> </td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">926,699 </font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Other current assets</font></p> </td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">120,448 </font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Property, plant and equipment</font></p> </td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">766,948 </font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Identifiable intangible assets</font></p> </td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">1,385,000 </font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Other non-current assets</font></p> </td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">247,210 </font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Goodwill</font></p> </td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">2,487,552 </font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Current liabilities</font></p> </td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(823,833)</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">  </font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Long-term debt</font></p> </td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(914,530)</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">  </font></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Deferred income taxes, including current</font></p> </td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(272,265)</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">  </font></td> </tr> <tr> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2">Other liabilities and redeemable noncontrolling interest</font></p> </td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">(484,954)</font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2">  </font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom" colspan="4"> <p style="BORDER-TOP: #000000 1px solid"> </p> </td> <td> </td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> <p style="TEXT-INDENT: -1em; MARGIN-LEFT: 1em"><font style="FONT-FAMILY: Times New Roman" size="2"><b>Purchase price</b></font></p> </td> <td valign="bottom"><font size="1">  </font></td> <td valign="bottom"><font style="FONT-FAMILY: Times New Roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="FONT-FAMILY: Times New Roman" size="2">4,904,254 </font></td> <td valign="bottom" nowrap="nowrap"><font style="FONT-FAMILY: Times New Roman" size="2"> </font></td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom" colspan="4"> <p style="BORDER-TOP: #000000 3px double"> </p> </td> <td> </td> </tr> </table> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">The excess of purchase price over tangible net assets and identified intangible assets acquired has been preliminarily allocated to goodwill in the amount of $2.5 billion. Goodwill recognized from the Merger has not yet been allocated to reporting segments. Goodwill reflects the value of future income resulting from synergies of our combined operations. None of the goodwill recognized is expected to be deductible for income tax purposes.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">Flow Control is a global leader in the industrial flow control market, specializing in the design, manufacture and servicing of highly engineered valves, actuation & controls, electric heat management solutions and water transmission and distribution products. Flow Control’s broad portfolio of products and services serves flow control needs primarily across the general process, oil & gas, water, power generation and mining industries. Sales are conducted through multiple channels based on local market conditions and demand. A global customer base is served through major manufacturing and after-market service centers around the world. Flow Control, through its valves & controls business, is one of the world’s largest manufacturers of valves, actuators and controls, with leading products, services and solutions to address many of the most challenging flow applications in the general process, oil & gas, power generation and mining industries. Through its thermal management business, Flow Control is a leading provider of complete electric heat management solutions, primarily for the oil & gas, general process and power generation industries. Additionally, Flow Control’s water & environmental systems business is a leading provider of large-scale water transmission and distribution products and water/wastewater systems in the Pacific and Southeast Asia regions.</font></p> <p style="MARGIN-TOP: 12px; MARGIN-BOTTOM: 0px"><font style="FONT-FAMILY: Times New Roman" size="2">We believe the Merger combines two complementary leaders in water and fluid solutions, valves and controls and technical solutions, providing us with the ability to achieve operational and tax synergies and increase global revenue. Following the Merger, we are a diversified industrial manufacturing company comprising three reporting segments: Water & Fluid Solutions, Valves & Controls and Technical Solutions. Water & Fluid Solutions designs, manufactures, installs and services products and systems used in the movement, storage and treatment of water. Valves & Controls designs, manufactures and markets valves, actuators and controls throughout the energy and process industries. Technical Solutions designs, manufactures and markets heat management solutions and enclosures that house and protect sensitive electronics and electrical components.</font></p> </div>
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	61383000
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-271424000
	us-gaap	Gain Loss On Sale Of Other Assets GainLossOnSaleOfOtherAssets	3271000
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-49467000
	us-gaap	Restructuring And Related Cost Incurred Cost RestructuringAndRelatedCostIncurredCost	10490000
	us-gaap	Product Warranty Accrual Period Increase Decrease ProductWarrantyAccrualPeriodIncreaseDecrease	2220000
	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	2145000
	us-gaap	Restructuring Reserve Settled With Cash RestructuringReserveSettledWithCash	12372000
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.330	pure
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	99484000	shares
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	600000
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	2224000	shares
	us-gaap	Adjustment For Amortization AdjustmentForAmortization	29394000
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	2301000
	us-gaap	Cost Of Goods Sold CostOfGoodsSold	1794290000
	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent	2582000
	us-gaap	Depreciation Depreciation	48590000
	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.66
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	3074000
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	28500000
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	41966000
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-7345000
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	158292000
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1366000	shares
	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent	-5232000
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	209255000
	us-gaap	Gross Profit GrossProfit	870924000
	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	18985000
	us-gaap	Net Income Loss NetIncomeLoss	163062000
	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	4039000
	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	2145000
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	553120000
	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	47414000
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	29400000
	us-gaap	Discussion Of Method Of Measuring Fair Value Of Interest Rate Derivatives DiscussionOfMethodOfMeasuringFairValueOfInterestRateDerivatives	Our interest rate swaps are carried at fair value measured on a recurring basis. Fair values are determined through the use of models that consider various assumptions, including time value, yield curves, as well as other relevant economic measures, which are inputs that are classified as Level 2 in the valuation hierarchy defined by the accounting guidance.
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-12686000
	pnr	Goodwill Acquisitions And Divestitures GoodwillAcquisitionsAndDivestitures	2496320000
	pnr	Goodwill Currency And Other GoodwillCurrencyAndOther	-3719000
	pnr	Shares Surrendered By Employees SharesSurrenderedByEmployees	2759000
	pnr	Employee Service Sharebased Compensation Cash Received From Exercise Of Stock Options Net Of Shares Withheld EmployeeServiceSharebasedCompensationCashReceivedFromExerciseOfStockOptionsNetOfSharesWithheld	21972000
	pnr	Number Of Lawsuits NumberOfLawsuits	1900	LegalMatter
	pnr	Redeemable Noncontrolling Interest Percentage RedeemableNoncontrollingInterestPercentage	0.75	pure
	pnr	Acquisition Dated Fair Value Of Redeemable Non Controlling Interest AcquisitionDatedFairValueOfRedeemableNonControllingInterest	100000000
	pnr	Defined Benefit Plan Additional Fair Value Of Plan Assets DefinedBenefitPlanAdditionalFairValueOfPlanAssets	229500000
	pnr	Number Of Claims In Lawsuit NumberOfClaimsInLawsuit	2400	LegalMatter
	pnr	Restructuring Reserve Adjustment To Acquisition Integration Costs RestructuringReserveAdjustmentToAcquisitionIntegrationCosts	-17062000
	pnr	Percentage Of Tax Liabilities Under Tax Sharing Agreement PercentageOfTaxLiabilitiesUnderTaxSharingAgreement	0.20	pure
	pnr	Tax Sharing Description TaxSharingDescription	Costs and expenses associated with the management of Shared Tax Liabilities, Distribution Taxes and BHS Tax Liabilities will generally be shared 20% by us, 27.5% by ADT and 52.5% by Tyco.
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0184	pure
	us-gaap	Operating Income Loss OperatingIncomeLoss	288502000
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	3880000
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-45759000
	us-gaap	Increase Decrease In Other Employee Related Liabilities IncreaseDecreaseInOtherEmployeeRelatedLiabilities	-12334000
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	733105000
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	771793000
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	6759000
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	142648000
	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	3540000
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0.0206	pure
	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	743000
	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	21041000
	us-gaap	Share Based Compensation ShareBasedCompensation	14695000
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	1.69
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	139000
	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	40611000
	us-gaap	Profit Loss ProfitLoss	172225000
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	12785000
	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	12785000
	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.307	pure
	us-gaap	Product Warranty Accrual Additions From Business Acquisition ProductWarrantyAccrualAdditionsFromBusinessAcquisition	3551000
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P5Y6M
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	240559000
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-786470000
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	8973000
	us-gaap	Product Warranty Expense ProductWarrantyExpense	38892000
	us-gaap	Product Warranty Accrual Currency Translation Increase Decrease ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease	-197000
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	53063000
	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	24772000
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	6609000
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	1370423000
	us-gaap	Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness GainLossOnInterestRateCashFlowHedgeIneffectiveness	7000000
	us-gaap	Restructuring Charges RestructuringCharges
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	59669000
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	26380000
	us-gaap	Pension And Other Postretirement Benefit Expense PensionAndOtherPostretirementBenefitExpense	-23636000
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	10.00
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	99759000	shares
	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	13191000
	us-gaap	Sales Revenue Net SalesRevenueNet	2590994000
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-22657000
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-29603000
	us-gaap	Dividends Common Stock Cash DividendsCommonStockCash	59669000
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	1.71
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	58095000
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	556900000
	us-gaap	Gain Loss On Sale Of Other Assets GainLossOnSaleOfOtherAssets	-702000
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-41311000
	us-gaap	Product Warranty Accrual Period Increase Decrease ProductWarrantyAccrualPeriodIncreaseDecrease	115000
	us-gaap	Excess Tax Benefit From Share Based Compensation Operating Activities ExcessTaxBenefitFromShareBasedCompensationOperatingActivities	3137000
	us-gaap	Restructuring Reserve Settled With Cash RestructuringReserveSettledWithCash	1274000
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.355	pure
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	98228000	shares
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-15633000
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1531000	shares
	us-gaap	Adjustment For Amortization AdjustmentForAmortization	29807000
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	1481000
	us-gaap	Cost Of Goods Sold CostOfGoodsSold	1782137000
	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent	2303000
	us-gaap	Depreciation Depreciation	49079000
	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.60
	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	441000
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	14700000
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	248672000
	us-gaap	Gross Profit GrossProfit	808857000
CY2011	us-gaap	Restructuring Reserve Settled With Cash RestructuringReserveSettledWithCash	2689000
CY2011	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	53937000
CY2011	us-gaap	Product Warranty Accrual Additions From Business Acquisition ProductWarrantyAccrualAdditionsFromBusinessAcquisition	3575000
CY2011	us-gaap	Product Warranty Expense ProductWarrantyExpense	50096000
CY2011	us-gaap	Product Warranty Accrual Currency Translation Increase Decrease ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease	-429000
CY2011	us-gaap	Restructuring And Related Cost Incurred Cost RestructuringAndRelatedCostIncurredCost	11500000
CY2011Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	92903000
CY2011Q4	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	962000
CY2011Q4	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-38850000
CY2011Q4	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-2081000
CY2011Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.51
CY2011Q4	us-gaap	Profit Loss ProfitLoss	52054000
	us-gaap	Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures	1422000
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2143000	shares
	us-gaap	Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent	3566000
	us-gaap	Net Income Loss NetIncomeLoss	168345000
	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	4445000
	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	3137000
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	462260000
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	76447000
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-4380000
	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	146188000
	us-gaap	Increase Decrease In Other Current Liabilities IncreaseDecreaseInOtherCurrentLiabilities	46924000
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	29800000
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	18045000
	pnr	Goodwill Acquisitions And Divestitures GoodwillAcquisitionsAndDivestitures	466182000
	pnr	Goodwill Currency And Other GoodwillCurrencyAndOther	-15534000
	pnr	Shares Surrendered By Employees SharesSurrenderedByEmployees	2765000
	pnr	Employee Service Sharebased Compensation Cash Received From Exercise Of Stock Options Net Of Shares Withheld EmployeeServiceSharebasedCompensationCashReceivedFromExerciseOfStockOptionsNetOfSharesWithheld	11788000
CY2012Q3	us-gaap	Conversion Of Stock Description ConversionOfStockDescription	At the effective time of the Merger, each Pentair, Inc. common share was converted into the right to receive one of our common shares, resulting in 99,388,463 of our common shares being issued to Pentair, Inc. shareholders.
CY2012Q3	us-gaap	Stock Issued During Period Shares Acquisitions StockIssuedDuringPeriodSharesAcquisitions	110886444	shares
CY2012Q3	us-gaap	Conversion Of Stock Shares Issued1 ConversionOfStockSharesIssued1	99388463	shares
CY2012Q3	us-gaap	Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued	12490	shares
CY2011	us-gaap	Restructuring And Related Cost Number Of Positions Eliminated RestructuringAndRelatedCostNumberOfPositionsEliminated	210	Person
CY2011Q4	us-gaap	Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness GainLossOnInterestRateCashFlowHedgeIneffectiveness	2300000
CY2011Q4	us-gaap	Restructuring Charges RestructuringCharges
CY2011Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	99802000	shares
CY2011Q4	us-gaap	Sales Revenue Net SalesRevenueNet	890546000
CY2011Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.52
CY2011Q4	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	20091000
CY2011Q4	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-17373000
CY2012Q3	us-gaap	Cost Of Goods Sold CostOfGoodsSold	587435000
CY2012Q3	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.22
CY2012Q3	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	18400000
CY2011Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	98472000	shares
CY2011Q4	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1330000	shares
CY2011Q4	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	574000
CY2011Q4	us-gaap	Cost Of Goods Sold CostOfGoodsSold	618484000
CY2011Q4	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.20
CY2011Q4	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	4200000
CY2011Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	76104000
CY2011Q4	us-gaap	Gross Profit GrossProfit	272062000
CY2011Q4	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	3078000	shares
CY2011Q4	us-gaap	Net Income Loss NetIncomeLoss	51092000
CY2011Q4	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	159068000
CY2011Q4	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	24050000
CY2011Q4	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-40931000
CY2011Q4	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	12600000
CY2012Q3	us-gaap	Description Of Location Of Interest Rate Cash Flow Hedge Derivative On Balance Sheet DescriptionOfLocationOfInterestRateCashFlowHedgeDerivativeOnBalanceSheet	Derivative gains and losses included in AOCI
CY2012Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	53677000
CY2012Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1232000
CY2012Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	62381000
CY2012Q3	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	2103000
CY2012Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.30
CY2012Q3	us-gaap	Profit Loss ProfitLoss	31650000
CY2012Q3	us-gaap	Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness GainLossOnInterestRateCashFlowHedgeIneffectiveness	1000000
CY2012Q3	us-gaap	Restructuring Charges RestructuringCharges	830000
CY2012Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	102910000	shares
CY2012Q3	us-gaap	Sales Revenue Net SalesRevenueNet	865512000
CY2012Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.30
CY2012Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	19735000
CY2012Q3	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-18620000
CY2012Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	100445000	shares
CY2012Q3	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	2465000	shares
CY2012Q3	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	616000
CY2012Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	35673000
CY2012Q3	us-gaap	Gross Profit GrossProfit	278077000
CY2012Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	254000	shares
CY2012Q3	us-gaap	Net Income Loss NetIncomeLoss	30418000
CY2012Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	204665000
CY2012Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	4023000
CY2012Q3	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	64484000
CY2012Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	9700000

Files In Submission

Name	View Source	Status
R42.htm	Edgar Link	pending
0001193125-12-445897-index-headers.html	Edgar Link	pending
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Financial_Report.xls	Edgar Link	pending
pnr-20120929.xml	Edgar Link	completed
pnr-20120929.xsd	Edgar Link	pending
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pnr-20120929_def.xml	Edgar Link	unprocessable
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$PNR
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2012 Q3 Form 10-Q Financial Statement

#000119312512445897 Filed on November 01, 2012

Income Statement

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$PNR PENTAIR plc Stock $pnr

2012 Q3 Form 10-Q Financial Statement

#000119312512445897 Filed on November 01, 2012

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PNR
PENTAIR plc Stock $pnr