2012 Q4 Form 10-K Financial Statement

#000104746913001513 Filed on February 22, 2013

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2012 Q2
Revenue $1.366B $1.177B $1.182B
YoY Change 8.58% 3.75% 20.38%
Cost Of Revenue $975.0M $858.9M $908.6M
YoY Change 15.74% 4.44% 31.28%
Gross Profit $382.0M $320.8M $319.8M
YoY Change 10.44% 2.2% 9.52%
Gross Profit Margin 27.96% 27.26% 27.06%
Selling, General & Admin $380.3M $226.0M $246.5M
YoY Change 70.92% -2.54% 1.69%
% of Gross Profit 99.55% 70.45% 77.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $22.40M $28.40M $29.30M
YoY Change 2.28% 34.6% 38.86%
% of Gross Profit 5.86% 8.85% 9.16%
Operating Expenses $388.0M $226.0M $246.5M
YoY Change 74.38% -4.88% -0.6%
Operating Profit -$6.000M $76.60M $69.00M
YoY Change -106.8% 0.39% 56.82%
Interest Expense -$14.00M $28.70M $27.80M
YoY Change -158.82% -265.9% -300.0%
% of Operating Profit 37.47% 40.29%
Other Income/Expense, Net -$5.000M $0.00 -$2.800M
YoY Change -85.16% -100.0% -193.33%
Pretax Income -$308.1M $58.10M $46.90M
YoY Change -883.97% 95.62% 48.89%
Income Tax -$48.30M $9.600M $9.000M
% Of Pretax Income 16.52% 19.19%
Net Earnings $140.5M $57.80M $47.40M
YoY Change 124.8% 68.51% 105.19%
Net Earnings / Revenue 10.29% 4.91% 4.01%
Basic Earnings Per Share $0.91 $1.27 $1.06
Diluted Earnings Per Share $0.91 $1.27 $1.04
COMMON SHARES
Basic Shares Outstanding 50.81M shares 49.96M shares 49.95M shares
Diluted Shares Outstanding 50.04M shares 50.91M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $984.1M $346.3M $327.5M
YoY Change 148.38% -12.35% -11.96%
Cash & Equivalents $984.1M $346.3M $327.5M
Short-Term Investments
Other Short-Term Assets $148.7M $152.7M $161.5M
YoY Change 12.82% -23.99% -36.34%
Inventory $522.9M $629.0M $613.1M
Prepaid Expenses
Receivables $1.312B $1.356B $1.305B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.203B $3.288B $3.233B
YoY Change -2.63% 28.29% 32.57%
LONG-TERM ASSETS
Property, Plant & Equipment $728.8M $656.9M $644.3M
YoY Change 12.21% 15.41% 16.59%
Goodwill $1.510B $1.811B $1.776B
YoY Change -11.6%
Intangibles $955.3M $967.1M $950.8M
YoY Change -1.73%
Long-Term Investments
YoY Change
Other Assets $733.7M $746.0M $739.1M
YoY Change 3.47% 8.95% 9.79%
Total Long-Term Assets $3.928B $4.181B $4.111B
YoY Change -4.27% 13.46% 12.17%
TOTAL ASSETS
Total Short-Term Assets $3.203B $3.288B $3.233B
Total Long-Term Assets $3.928B $4.181B $4.111B
Total Assets $7.130B $7.469B $7.344B
YoY Change -3.54% 19.55% 20.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $553.1M $534.2M $535.1M
YoY Change -13.69% -16.27% -4.6%
Accrued Expenses $980.0M $1.015B $1.006B
YoY Change 0.28% 0.54% -0.93%
Deferred Revenue
YoY Change
Short-Term Debt $33.40M $223.8M $237.4M
YoY Change -53.16% 66.02% 169.16%
Long-Term Debt Due $8.700M $331.1M $331.6M
YoY Change 107.14% 25369.23% 1360.79%
Total Short-Term Liabilities $1.783B $2.326B $2.344B
YoY Change -9.13% 29.74% 37.62%
LONG-TERM LIABILITIES
Long-Term Debt $1.650B $1.594B $1.595B
YoY Change 48.0% 43.54% 43.52%
Other Long-Term Liabilities $1.213B $1.069B $1.085B
YoY Change 6.75% 10.12% 11.11%
Total Long-Term Liabilities $3.112B $2.831B $2.825B
YoY Change -2.53% 36.02% 35.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.783B $2.326B $2.344B
Total Long-Term Liabilities $3.112B $2.831B $2.825B
Total Liabilities $4.895B $5.157B $5.169B
YoY Change -5.04% 30.21% 33.01%
SHAREHOLDERS EQUITY
Retained Earnings $2.138B $2.569B $2.524B
YoY Change 6.45%
Common Stock $1.554B $1.550B $2.537B
YoY Change -37.75%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.752B $2.583B $2.583B
YoY Change 9.61%
Treasury Stock Shares 51.15M shares 48.58M shares 48.58M shares
Shareholders Equity $2.224B $2.300B $2.165B
YoY Change
Total Liabilities & Shareholders Equity $7.130B $7.469B $7.344B
YoY Change -3.54% 19.55% 20.32%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2012 Q2
OPERATING ACTIVITIES
Net Income $140.5M $57.80M $47.40M
YoY Change 124.8% 68.51% 105.19%
Depreciation, Depletion And Amortization $22.40M $28.40M $29.30M
YoY Change 2.28% 34.6% 38.86%
Cash From Operating Activities $223.0M $67.90M $16.00M
YoY Change 101.45% 45.4% -144.2%
INVESTING ACTIVITIES
Capital Expenditures -$22.90M -$21.70M -$15.40M
YoY Change -18.51% -25.68% 1.32%
Acquisitions
YoY Change
Other Investing Activities $1.135B -$100.0K $2.000M
YoY Change -47370.83% -98.84% -104.04%
Cash From Investing Activities $1.112B -$21.80M -$13.40M
YoY Change -3744.59% -42.33% -79.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -706.3M -28.10M 900.0K
YoY Change 1030.08% -859.46% -79.55%
NET CHANGE
Cash From Operating Activities 223.0M 67.90M 16.00M
Cash From Investing Activities 1.112B -21.80M -13.40M
Cash From Financing Activities -706.3M -28.10M 900.0K
Net Change In Cash 628.3M 18.00M 3.500M
YoY Change 3449.72% 42.86% -103.63%
FREE CASH FLOW
Cash From Operating Activities $223.0M $67.90M $16.00M
Capital Expenditures -$22.90M -$21.70M -$15.40M
Free Cash Flow $245.9M $89.60M $31.40M
YoY Change 77.16% 18.05% -249.52%

Facts In Submission

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35100000 USD
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23300000 USD
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20700000 USD
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285900000 USD
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28300000 USD
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1700000 USD
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25600000 USD
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38600000 USD
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155600000 USD
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178000000 USD
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27000000 USD
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29700000 USD
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13100000 USD
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313400000 USD
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300000 USD
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11700000 USD
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262000000 USD
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185600000 USD
CY2010 us-gaap Profit Loss
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202800000 USD
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2800000 USD
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5000000 USD
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259200000 USD
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180600000 USD
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205600000 USD
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180800000 USD
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340400000 USD
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30000000 USD
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24800000 USD
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1100000 USD
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2.98
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3.64
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2200000 USD
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3.58
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0.49
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50499000 shares
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49718000 shares
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512200000 USD
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476100000 USD
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95600000 USD
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28900000 USD
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17400000 USD
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6100000 USD
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224100000 USD
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4900000 USD
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ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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ComprehensiveIncomeNetOfTax
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CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
126700000 USD
CY2010 us-gaap Comprehensive Income Net Of Tax
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226600000 USD
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44200000 USD
CY2011 us-gaap Other Comprehensive Income Defined Benefit Plans Tax
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7700000 USD
CY2010 us-gaap Other Comprehensive Income Defined Benefit Plans Tax
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CY2011 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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700000 USD
CY2010 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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CY2009Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1881500000 USD
CY2010Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2104000000 USD
CY2010 us-gaap Dividends Common Stock Cash
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50000000 USD
CY2011 us-gaap Dividends Common Stock Cash
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50900000 USD
CY2012 us-gaap Dividends Common Stock Cash
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50900000 USD
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31400000 USD
CY2011 spw Stock Issued During Period Value Share Based Compensation Plans Net Of Tax
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29000000 USD
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25500000 USD
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31100000 USD
CY2011 spw Amortization Of Restricted Stock And Restricted Stock Unit Grants Recorded To Discontinued Operations
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41400000 USD
CY2012 spw Amortization Of Restricted Stock And Restricted Stock Unit Grants Recorded To Discontinued Operations
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40400000 USD
CY2010 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
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-12200000 USD
CY2011 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
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-16600000 USD
CY2012 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
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-4800000 USD
CY2012 us-gaap Treasury Stock Value Acquired Cost Method
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245600000 USD
CY2010 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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2600000 USD
CY2011 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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4100000 USD
CY2012 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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700000 USD
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1100000 USD
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700000 USD
CY2012 us-gaap Common Stock Dividends Per Share Declared
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1.00
CY2011 us-gaap Common Stock Dividends Per Share Declared
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1.00
CY2010 us-gaap Common Stock Dividends Per Share Declared
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1.00
CY2012 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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500000 USD
CY2011 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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1100000 USD
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2900000 USD
CY2012 spw Pension And Other Employee Benefits
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58300000 USD
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-1400000 USD
CY2010 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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3200000 USD
CY2010 us-gaap Increase Decrease In Restricted Cash
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-3200000 USD
CY2012 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
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211600000 USD
CY2011 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
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14500000 USD
CY2012Q4 us-gaap Price Risk Cash Flow Hedge Unrealized Gain Loss To Be Reclassified During Next12 Months
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-1900000 USD
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0.08
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20800000 USD
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2500000 USD
CY2011Q4 spw Other Comprehensive Income Derivatives Qualifying As Hedges Tax Effect
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2900000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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-3100000 USD
CY2011Q2 us-gaap Profit Loss
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24800000 USD
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520600000 USD
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318500000 USD
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28600000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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20400000 USD
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13600000 USD
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9500000 USD
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62300000 USD
CY2011 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
47100000 USD
CY2010 us-gaap Lease And Rental Expense
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48800000 USD
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9000000 USD
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8500000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
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6800000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
6600000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
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60300000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Due
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103200000 USD
CY2012Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
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20900000 USD
CY2012Q4 us-gaap Capital Lease Obligations
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82300000 USD
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99000000 USD
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548600000 USD
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558300000 USD
CY2012Q4 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
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497000000 USD
CY2011Q4 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
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491800000 USD
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274300000 USD
CY2011 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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447000 shares
CY2010 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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629000 shares
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25500000 USD
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
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9500000 USD
CY2011Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
4000000 USD
CY2011Q2 us-gaap Net Income Loss
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23100000 USD
CY2011Q3 us-gaap Profit Loss
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35000000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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298100000 USD
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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199700000 USD
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700000 USD
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440300000 USD
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2400000 USD
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2800000 USD
CY2011 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
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5000000 USD
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57800000 USD
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4700000 USD
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981900000 USD
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292000000 USD
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1700000 USD
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0.38
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0.46
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0.08
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0.45
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0.19
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.68
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0.97
CY2011Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.23
CY2011Q4 us-gaap Earnings Per Share Basic
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1.20
CY2011Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2011Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.10
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1.24
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CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.19
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0.67
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0.22
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1.19
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1.13
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CY2011Q4 us-gaap Earnings Per Share Diluted
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1.23
CY2011Q4 us-gaap Sales Revenue Net
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CY2011Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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50800000 USD
CY2011Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
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11500000 USD
CY2011Q4 us-gaap Profit Loss
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1600000 USD
CY2011Q4 us-gaap Net Income Loss
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58500000 USD
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335100000 USD
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54100000 USD
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38500000 USD
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800000 USD
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CY2012Q2 spw Number Of Days In Quarter
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91
CY2011Q3 spw Income Tax Examination Expense Benefit From Settlement With Taxing Authority Foreign
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CY2011Q4 spw Income Tax Benefit Reversal Of Tax Credit Carryforward Valuation Allowance
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27800000 USD
CY2011Q4 spw Income Tax Expense Benefit Repatriation Of Foreign Earnings
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6900000 USD
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1435700000 USD
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402500000 USD
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300000 USD
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0.27
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0.17
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0.09
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0.26
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0.75
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0.20
CY2012Q2 us-gaap Earnings Per Share Basic
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0.95
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CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.19
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CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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0.13
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1.16
CY2012Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2012Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2012Q4 us-gaap Earnings Per Share Basic
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CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.83
CY2012Q1 us-gaap Restructuring Charges
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CY2012Q2 us-gaap Restructuring Charges
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8400000 USD
CY2012Q3 us-gaap Restructuring Charges
RestructuringCharges
7100000 USD
CY2012Q4 us-gaap Restructuring Charges
RestructuringCharges
6200000 USD
CY2011Q2 us-gaap Restructuring Charges
RestructuringCharges
2400000 USD
CY2011Q3 us-gaap Restructuring Charges
RestructuringCharges
4200000 USD
CY2011Q4 us-gaap Restructuring Charges
RestructuringCharges
7200000 USD
CY2011Q4 us-gaap Restructuring Charges
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11500000 USD
CY2011Q2 spw Effect Of Foreign Currency Transactions Including Aggregate Impact Of Foreign Currency Derivatives On Earnings
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CY2011Q3 spw Effect Of Foreign Currency Transactions Including Aggregate Impact Of Foreign Currency Derivatives On Earnings
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CY2011Q4 spw Effect Of Foreign Currency Transactions Including Aggregate Impact Of Foreign Currency Derivatives On Earnings
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-30900000 USD
CY2011Q4 spw Effect Of Foreign Currency Transactions Including Aggregate Impact Of Foreign Currency Derivatives On Earnings
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-4800000 USD
CY2012Q1 spw Effect Of Foreign Currency Transactions Including Aggregate Impact Of Foreign Currency Derivatives On Earnings
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-5200000 USD
CY2012Q2 spw Effect Of Foreign Currency Transactions Including Aggregate Impact Of Foreign Currency Derivatives On Earnings
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-1900000 USD
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-3200000 USD
CY2012Q4 spw Effect Of Foreign Currency Transactions Including Aggregate Impact Of Foreign Currency Derivatives On Earnings
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-2100000 USD
CY2011Q2 spw Tax Benefit Recognized Amount
TaxBenefitRecognizedAmount
800000 USD
CY2011Q3 spw Tax Benefit Recognized Amount
TaxBenefitRecognizedAmount
900000 USD
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TaxBenefitRecognizedAmount
2000000 USD
CY2011Q4 spw Tax Benefit Recognized Amount
TaxBenefitRecognizedAmount
4000000 USD
CY2011Q4 spw Loss Contingency Insolvent Insurance Carrier
LossContingencyInsolventInsuranceCarrier
19400000 USD
CY2011Q4 spw Loss Contingency Accrual Product Liability Gross Charged To Other Expense Net
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18200000 USD
CY2011Q4 spw Loss Contingency Accrual Product Liability Gross Charged To Gain Loss On Disposition Including Discontinued Operations Net Of Tax
LossContingencyAccrualProductLiabilityGrossChargedToGainLossOnDispositionIncludingDiscontinuedOperationsNetOfTax
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CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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CY2011 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
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354000 shares
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1
CY2010 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
420000 shares
CY2012 us-gaap Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
396000 shares
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CY2010 us-gaap Stock Issued During Period Shares Other
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63600000 USD
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P3Y
CY2012 spw Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Amortization Period
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three years
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15300000 USD
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39400000 USD
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CY2011 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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52300000 USD
CY2012 us-gaap Payments Of Financing Costs
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200000 USD
CY2012 us-gaap Liabilities Assumed1
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61500000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Current
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12000000 USD
CY2011 us-gaap Liabilities Assumed1
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19900000 USD
CY2010 us-gaap Liabilities Assumed1
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3900000 USD
CY2012Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.0044 pure
CY2011Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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CY2012Q1 spw Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumption Total Shareholder Return Correlation
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0.7365
CY2011Q1 spw Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumption Total Shareholder Return Correlation
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionTotalShareholderReturnCorrelation
0.7559
CY2012 spw Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Period Based On Historical Volatility
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityPeriodBasedOnHistoricalVolatility
three-year
CY2012 spw Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Calculation Period Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateCalculationPeriodMinimum
one-year
CY2012 spw Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Calculation Period Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateCalculationPeriodMaximum
three-year
CY2012Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3000000 shares
CY2012 spw Period Within Which Asset Will Be Sold
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1
CY2012 spw Period Within Which Liabilities Will Be Settled
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1
CY2012 us-gaap Other Comprehensive Income Available For Sale Securities Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeAvailableForSaleSecuritiesAdjustmentNetOfTaxPeriodIncreaseDecrease
-1600000 USD
CY2012 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
99000000 USD
CY2012 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3400000 USD
CY2010 us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
167100000 USD
CY2012 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-196800000 USD
CY2012 us-gaap Payments For Restructuring
PaymentsForRestructuring
20100000 USD
CY2012 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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34300000 USD
CY2012 us-gaap Payments To Acquire Productive Assets
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84300000 USD
CY2012Q4 spw Net Billings In Excess Of Billings After Acquisition
NetBillingsInExcessOfBillingsAfterAcquisition
-101100000 USD
CY2011Q4 spw Net Billings In Excess Of Billings After Acquisition
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CY2012 spw Repayments Under Trade Receivables Agreement
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127300000 USD
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CY2012 spw Borrowings Under Senior Credit Facilities
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CY2011 spw Borrowings Under Senior Credit Facilities
BorrowingsUnderSeniorCreditFacilities
1881100000 USD
CY2010 spw Borrowings Under Senior Credit Facilities
BorrowingsUnderSeniorCreditFacilities
164000000 USD
CY2012 spw Repayments Under Senior Credit Facilities
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1421900000 USD
CY2011 spw Payments Of Dividends Including Noncontrolling Interest Dividends
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53400000 USD
CY2012Q1 us-gaap Deconsolidation Gain Or Loss Amount
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20500000 USD
CY2012Q1 spw Income Tax Expense Benefit On Deconsolidation Of Foreign Business Unit
IncomeTaxExpenseBenefitOnDeconsolidationOfForeignBusinessUnit
6100000 USD
CY2011Q4 spw Net Billings In Excess Of Costs And Estimated Earnings
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CY2011Q4 us-gaap Product Warranty Accrual Noncurrent
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10100000 USD
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8500000 USD
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19100000 USD
CY2012 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-1900000 USD
CY2012 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Impairment Losses
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseImpairmentLosses
-1.615 pure
CY2012 spw Minimum Tax Withholdings Paid On Behalf Of Employees For Net Share Settlements Net Of Proceeds From The Exercise Of Employee Stock Options And Other
MinimumTaxWithholdingsPaidOnBehalfOfEmployeesForNetShareSettlementsNetOfProceedsFromTheExerciseOfEmployeeStockOptionsAndOther
-5300000 USD
CY2011 spw Minimum Tax Withholdings Paid On Behalf Of Employees For Net Share Settlements Net Of Proceeds From The Exercise Of Employee Stock Options And Other
MinimumTaxWithholdingsPaidOnBehalfOfEmployeesForNetShareSettlementsNetOfProceedsFromTheExerciseOfEmployeeStockOptionsAndOther
-100000 USD
CY2010 spw Minimum Tax Withholdings Paid On Behalf Of Employees For Net Share Settlements Net Of Proceeds From The Exercise Of Employee Stock Options And Other
MinimumTaxWithholdingsPaidOnBehalfOfEmployeesForNetShareSettlementsNetOfProceedsFromTheExerciseOfEmployeeStockOptionsAndOther
-3500000 USD
CY2012 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-8400000 USD
CY2012Q4 spw Income Tax Expense Benefit Valuation Allowances Recorded Againstdeferred Income Tax Assets
IncomeTaxExpenseBenefitValuationAllowancesRecordedAgainstdeferredIncomeTaxAssets
6300000 USD
CY2012Q4 spw Increase In Share Based Compensation
IncreaseInShareBasedCompensation
20600000 USD
CY2012 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
3606000 shares
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3000000 shares
CY2010Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3000000 shares
CY2012 spw Defined Benefit Plan Amortization Period Of Plant Assets
DefinedBenefitPlanAmortizationPeriodOfPlantAssets
P5Y
CY2012 spw Adjustments To Additional Paid In Capital Amortization Of Restricted Stock And Restricted Stock Unit Grants Discontinued Operations
AdjustmentsToAdditionalPaidInCapitalAmortizationOfRestrictedStockAndRestrictedStockUnitGrantsDiscontinuedOperations
1000000 USD
CY2012 spw Deferred Income Tax Expense Benefit And Uncertain Tax Positions
DeferredIncomeTaxExpenseBenefitAndUncertainTaxPositions
11000000 USD
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
40400000 USD
CY2012 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-29400000 USD
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
11000000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
38600000 USD
CY2012Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
146700000 USD
CY2012Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
8700000 USD
CY2012Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
73600000 USD
CY2012Q4 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
8100000 USD
CY2012Q4 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
CapitalLeasesBalanceSheetAssetsByMajorClassNet
90900000 USD
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0000088205
CY2012 dei Entity Registrant Name
EntityRegistrantName
SPX CORP
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-12-31
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012Q2 dei Entity Public Float
EntityPublicFloat
3235230700 USD
CY2013Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
46985608 shares
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012 us-gaap Deconsolidation Gain Or Loss Amount
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20500000 USD
CY2012 spw Sales Revenue Percentage From Emerging Market
SalesRevenuePercentageFromEmergingMarket
0.30 pure
CY2012 spw Number Of Operating Segments
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2 item
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012 spw Other Cash Costs Recoveries Net
OtherCashCostsRecoveriesNet
-4400000 USD
CY2011 spw Other Cash Costs Recoveries Net
OtherCashCostsRecoveriesNet
100000 USD
CY2010 spw Other Cash Costs Recoveries Net
OtherCashCostsRecoveriesNet
1500000 USD
CY2012 spw Undistributed Foreign Earnings
UndistributedForeignEarnings
1580000000 USD
CY2012 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
259600000 USD
CY2012 us-gaap Income Tax Expense Benefit Intraperiod Tax Allocation
IncomeTaxExpenseBenefitIntraperiodTaxAllocation
100800000 USD
CY2012 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
281400000 USD
CY2012 spw Income Tax Expense Benefit Valuation Allowances Recorded Againstdeferred Income Tax Assets
IncomeTaxExpenseBenefitValuationAllowancesRecordedAgainstdeferredIncomeTaxAssets
5400000 USD
CY2012 spw Income Tax Expense Benefit On Deconsolidation Of Foreign Business Unit
IncomeTaxExpenseBenefitOnDeconsolidationOfForeignBusinessUnit
6100000 USD
CY2012 spw Income Tax Expense Benefit From Audit Settlements And Statute Expiration
IncomeTaxExpenseBenefitFromAuditSettlementsAndStatuteExpiration
23700000 USD
CY2012 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
270400000 USD
CY2012Q4 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
270400000 USD
CY2011Q3 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
24700000 USD
CY2011Q4 us-gaap Capital Leases Lessee Balance Sheet Assets By Major Class Accumulated Deprecation
CapitalLeasesLesseeBalanceSheetAssetsByMajorClassAccumulatedDeprecation
9700000 USD
CY2011Q4 us-gaap Capital Leases Balance Sheet Assets By Major Class Net
CapitalLeasesBalanceSheetAssetsByMajorClassNet
27300000 USD
CY2011Q4 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
37000000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
8700000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
581400000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
106000000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
304600000 USD
CY2012Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
604500000 USD
CY2011Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
4200000 USD
CY2011Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
21800000 USD
CY2012Q4 spw Income Tax Expense Benefit Foreign Dividends And Undistributed Foreign Earnings
IncomeTaxExpenseBenefitForeignDividendsAndUndistributedForeignEarnings
15400000 USD
CY2012 spw Income Tax Expense Benefit Foreign Dividends And Undistributed Foreign Earnings
IncomeTaxExpenseBenefitForeignDividendsAndUndistributedForeignEarnings
15400000 USD
CY2012 spw Income Tax Expense Benefit Recorded To Discontinued Operations Intraperiod Tax Allocation
IncomeTaxExpenseBenefitRecordedToDiscontinuedOperationsIntraperiodTaxAllocation
91800000 USD
CY2012 spw Future Amortization Expense First Full Fiscal Year
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36900000 USD
CY2012 spw Future Amortization Expense Second Full Fiscal Year
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30600000 USD
CY2012 spw Future Amortization Expense Third Full Fiscal Year
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30200000 USD
CY2012 spw Future Amortization Expense Fourth Full Fiscal Year
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29900000 USD
CY2012 spw Future Amortization Expense Fifth Full Fiscal Year
FutureAmortizationExpenseFifthFullFiscalYear
29900000 USD

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