XML 93 R3.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Statement of Partners' Capital [Abstract]      
Net income (loss) $ 490.9 $ 125.4 $ (129.5)
Other comprehensive income (loss):      
Net foreign currency translation adjustment 10.9 4.7 (38.8)
Net change in postretirement benefit plans, net of tax impacts of ($38.8), $0, and $399.0, respectively 66.3 (42.3) (508.5)
Net change in unrealized loss on investment securities, net of tax impacts of $0, $1.0, and $7.8, respectively 0 1.0 (12.8)
Other comprehensive income (loss) 77.2 (36.6) (560.1)
Comprehensive income (loss) 568.1 88.8 (689.6)
Less: Comprehensive income attributable to noncontrolling interests 2.4 0 0
Comprehensive income (loss) attributable to ITT Corporation 565.7 88.8 (689.6)
Disclosure of reclassification adjustments and other adjustments to postretirement benefit plans      
Amortization of prior service costs, net of tax benefit of $(0.1), $0, and $(1.0), respectively (See Note 17) 0.3 0.8 1.6
Amortization of net actuarial loss, net of tax benefit of $(4.8), $0, and $(42.1), respectively (See Note 17) 8.5 10.9 68.7
Prior service credit, net of tax expense of $(7.1), $0, and $(1.0), respectively 11.9 3.1 2.0
Net actuarial gain (loss), net of tax (expense) benefit of $(26.8), $0, and $443.1, respectively 46.1 (56.7) (580.8)
Unrealized change from foreign currency translation (0.5) (0.4) 0
Net change in postretirement benefit plans, net of tax impacts of ($38.8), $0, and $399.0, respectively 66.3 (42.3) (508.5)
Disclosure of reclassification adjustments and other adjustments to unrealized loss on investment securities      
Realized losses (gains) arising during the period, net of tax expense of $0, $1.0, and $6.1, respectively(a) 0 1.0 (10.0) [1]
Unrealized holding losses arising during period, net of tax benefit of $0, $0, and $1.7, respectively 0 0 (2.8)
Net change in unrealized loss on investment securities, net of tax impacts of $0, $1.0, and $7.8, respectively $ 0 $ 1.0 $ (12.8)
[1] The reclassification adjustment related to the realized gains from investment securities during 2011 was presented within general and administrative expenses.