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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Income Statement [Abstract]      
Revenue $ 2,496.9 $ 2,227.8 $ 2,085.6
Costs of revenue 1,697.1 1,547.6 1,440.6
Gross profit 799.8 680.2 645.0
Sales and marketing expenses 216.2 180.4 163.6
General and administrative expenses 297.7 221.7 166.3
Research and development expenses 67.3 62.7 63.5
Asbestos-related costs, net 32.8 50.9 100.4
Transformation costs 2.2 13.0 396.1
Operating income (loss) 183.6 151.5 (244.9)
Interest expense 6.3 0.1 76.4
Interest income 5.0 2.8 4.1
Miscellaneous expense (income), net 1.8 5.1 (1.3)
Income (loss) from continuing operations before income tax 180.5 149.1 (315.9)
Income tax (benefit) expense (309.6) 39.6 260.6
Income (loss) from continuing operations 490.1 109.5 (576.5)
Earnings from discontinued operations, net of tax 0.8 15.9 447.0
Net income (loss) 490.9 125.4 (129.5)
Less: income attributable to noncontrolling interests 2.4 0 0
Net income (loss) attributable to ITT Corporation 488.5 125.4 (129.5)
Amounts attributable to ITT Corporation:      
Income (loss) from continuing operations, net of tax 487.7 109.5 (576.5)
Earnings from discontinued operations, net of tax 0.8 15.9 447.0
Net income (loss) attributable to ITT Corporation $ 488.5 $ 125.4 $ (129.5)
Basic Earnings Per Share:      
Continuing operations (usd per share) $ 5.36 $ 1.18 $ (6.22)
Discontinued operations (usd per share) $ 0.01 $ 0.17 $ 4.82
Net income (loss) (usd per share) $ 5.37 $ 1.35 $ (1.40)
Diluted Earnings Per Share:      
Continuing operations (usd per share) $ 5.28 $ 1.16 $ (6.22)
Discontinued operations (usd per share) $ 0.01 $ 0.17 $ 4.82
Net income (loss) (usd per share) $ 5.29 $ 1.33 $ (1.40)
Weighted average common shares - basic 91.0 93.0 92.8
Weighted average common shares - diluted 92.3 94.1 92.8
Cash dividends declared per common share $ 0.40 $ 0.364 $ 1.591