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CONSOLIDATED CONDENSED INCOME STATEMENTS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Income Statement [Abstract]        
Revenue $ 634.0 $ 547.5 $ 1,851.4 $ 1,673.5
Costs of revenue 431.1 381.3 1,260.2 1,166.7
Gross profit 202.9 166.2 591.2 506.8
Sales and marketing expenses 52.7 41.6 162.0 134.5
General and administrative expenses 72.5 60.0 208.2 159.0
Research and development expenses 16.1 15.1 48.9 47.8
Asbestos Related Costs Net (15.4) 12.8 16.5 35.1
Operating income (loss) 77.0 36.7 155.6 130.4
Interest and non-operating (income) expenses, net (2.3) (5.0) 2.6 0
Income (loss) from continuing operations before income tax (benefit) expense 79.3 41.7 153.0 130.4
Income tax expense (354.4) (19.0) (325.0) 43.0
Income (loss) from continuing operations 433.7 60.7 478.0 87.4
Income (loss) from discontinued operations, including tax expense (benefit) of $0.3, $(1.2), $(0.2), and $0, respectively (2.3) 12.3 0.5 5.6
Net income 431.4 73.0 478.5 93.0
Less: Income attributable to noncontrolling interests 0.7 0 1.2 0
Net income attributable to ITT Corporation 430.7 73.0 477.3 93.0
Amounts attributable to ITT Corporation:        
Income from continuing operations, net of tax 433.0 60.7 476.8 87.4
Income (loss) from discontinued operations, including tax expense (benefit) of $0.3, $(1.2), $(0.2), and $0, respectively (2.3) 12.3 0.5 5.6
Net income attributable to ITT Corporation $ 430.7 $ 73.0 $ 477.3 $ 93.0
Basic:        
Continuing operations (usd per share) $ 4.79 $ 0.65 $ 5.24 $ 0.94
Discontinued operations (usd per share) $ (0.03) $ 0.14 $ 0.01 $ 0.06
Net income (usd per share) $ 4.76 $ 0.79 $ 5.25 $ 1.00
Diluted:        
Continuing operations (usd per share) $ 4.71 $ 0.65 $ 5.17 $ 0.93
Discontinued operations (usd per share) $ (0.02) $ 0.13 $ 0.00 $ 0.06
Net income (usd per share) $ 4.69 $ 0.78 $ 5.17 $ 0.99
Weighted average common shares - basic 90.4 92.5 91.0 93.2
Weighted average common shares - diluted 91.9 93.5 92.3 94.3
Cash dividends declared per common share $ 0.1 $ 0.091 $ 0.3 $ 0.273