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Change in Accounting Principle (Tables) | 12 Months Ended
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Dec. 31, 2012
Results Under Our Historical Method and Our Results Had We Applied New Methods | The following table presents our results under our historical method and our results had we applied these new methods for the periods presented:
In thousands, except per-share data |  | Computed under previous method |  |  | Recognized under new method |  |  | Effect of Change |
As of and for the year ended December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |
Statement of Operations and Comprehensive Income (Loss) |  |  |  |  |  |  |  |  |  |  |  |
Selling, general and administrative |  | $ | 1,016,698 |  |  | $ | 1,158,436 |  |  | $ | 141,738 |
Provision (benefit) for income taxes |  |  | (24,076 | ) |  |  | (79,353 | ) |  |  | (55,277 | )
Income (loss) from continuing operations |  |  | (18,151 | ) |  |  | (104,612 | ) |  |  | (86,461 | )
Net income (loss) attributable to Pentair Ltd. |  |  | (20,725 | ) |  |  | (107,186 | ) |  |  | (86,461 | )
Amortization of pension and other post-retirement prior service cost and transition obligation |  |  | (86,714 | ) |  |  | (253 | ) |  |  | 86,461 |
Basic earnings (loss) per share attributable to Pentair Ltd. |  | $ | (0.16 | ) |  | $ | (0.84 | ) |  | $ | (0.68 | )
Diluted earnings (loss) per share attributable to Pentair Ltd. |  |  | (0.16 | ) |  |  | (0.84 | ) |  |  | (0.68 | )
Balance Sheet |  |  |  |  |  |  |  |  |  |  |  |
Retained earnings |  | $ | 1,492,258 |  |  | $ | 1,292,288 |  |  | $ | (199,970 | )
Accumulated other comprehensive income (loss) |  |  | (207,168 | ) |  |  | (7,198 | ) |  |  | 199,970 |
Statement of Cash Flows |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) before noncontrolling interest |  | $ | (18,151 | ) |  | $ | (104,612 | ) |  | $ | (86,461 | )
Pension and other post-retirement expense |  |  | 25,798 |  |  |  | 167,536 |  |  |  | 141,738 |
Other current liabilities |  |  | 82,455 |  |  |  | 27,178 |  |  |  | (55,277 | )
|  | Previously Reported |  |  | Adjusted |  |  | Effect of Change |
As of and for the year ended December 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |
Statement of Operations and Comprehensive Income (Loss) |  |  |  |  |  |  |  |  |  |  |  |
Selling, general and administrative |  | $ | 626,527 |  |  | $ | 694,841 |  |  | $ | 68,314 |
Provision for income taxes |  |  | 73,059 |  |  |  | 46,417 |  |  |  | (26,642 | )
Income (loss) from continuing operations |  |  | 38,521 |  |  |  | (3,151 | ) |  |  | (41,672 | )
Net income (loss) attributable to Pentair Ltd. |  |  | 34,222 |  |  |  | (7,450 | ) |  |  | (41,672 | )
Amortization of pension and other post-retirement prior service cost and transition obligation |  |  | (41,683 | ) |  |  | (11 | ) |  |  | 41,672 |
Basic earnings (loss) per share attributable to Pentair Ltd. |  | $ | 0.35 |  |  | $ | (0.08 | ) |  | $ | (0.43 | )
Diluted earnings (loss) per share attributable to Pentair Ltd. |  |  | 0.34 |  |  |  | (0.08 | ) |  |  | (0.42 | )
Balance Sheet |  |  |  |  |  |  |  |  |  |  |  |
Retained earnings |  | $ | 1,579,290 |  |  | $ | 1,465,780 |  |  | $ | (113,510 | )
Accumulated other comprehensive income (loss) |  |  | (151,241 | ) |  |  | (37,731 | ) |  |  | 113,510 |
Statement of Cash Flows |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) before noncontrolling interest |  | $ | 38,521 |  |  | $ | (3,151 | ) |  | $ | (41,672 | )
Pension and other post-retirement expense |  |  | 16,031 |  |  |  | 84,345 |  |  |  | 68,314 |
Other current liabilities |  |  | 18,688 |  |  |  | (7,954 | ) |  |  | (26,642 | )
|  | Previously Reported |  |  | Adjusted |  |  | Effect of Change |
For the year ended December 31, 2010 |  |  |  |  |  |  |  |  |  |  |  |
Statement of Operations and Comprehensive Income (Loss) |  |  |  |  |  |  |  |  |  |  |  |
Selling, general and administrative |  | $ | 529,329 |  |  | $ | 550,501 |  |  | $ | 21,172 |
Provision for income taxes |  |  | 97,200 |  |  |  | 88,943 |  |  |  | (8,257 | )
Income from continuing operations |  |  | 202,947 |  |  |  | 190,032 |  |  |  | (12,915 | )
Net income attributable to Pentair Ltd. |  |  | 197,828 |  |  |  | 184,913 |  |  |  | (12,915 | )
Amortization of pension and other post-retirement prior service cost and transition obligation |  |  | (12,762 | ) |  |  | 153 |  |  |  | 12,915 |
Basic earnings per share attributable to Pentair Ltd. |  | $ | 2.01 |  |  | $ | 1.88 |  |  | $ | (0.13 | )
Diluted earnings per share attributable to Pentair Ltd. |  |  | 1.99 |  |  |  | 1.86 |  |  |  | (0.13 | )
Statement of Cash Flows |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) before noncontrolling interest |  | $ | 202,321 |  |  | $ | 189,406 |  |  | $ | (12,915 | )
Pension and other post-retirement expense |  |  | 12,926 |  |  |  | 34,098 |  |  |  | 21,172 |
Other current liabilities |  |  | 7,462 |  |  |  | (795 | ) |  |  | (8,257 | )

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- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.10-01.(b)(6)) -URI http://asc.fasb.org/extlink&oid=6958853&loc=d3e46468-122699 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 01 -Paragraph b -Subparagraph 6 -Article 10 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22580-107794 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 154 -Paragraph 2, 17, 18 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Accounting Change -URI http://asc.fasb.org/extlink&oid=6503790 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Retrospective Application -URI http://asc.fasb.org/extlink&oid=6523989 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22499-107794 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22583-107794 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Indirect Effects of a Change in Accounting Principle -URI http://asc.fasb.org/extlink&oid=6515603 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Direct Effects of a Change in Accounting Principle -URI http://asc.fasb.org/extlink&oid=6510796 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Change in Accounting Principle -URI http://asc.fasb.org/extlink&oid=6507316 + Details
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