CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Operating Activities
Net income	$ 33.2	$ 21.2
Income (loss) from discontinued operations	(1.0)	1.7
Less: Income attributable to noncontrolling interests	1.0	0.4
Net income from continuing operations attributable to ITT Corporation	33.2	19.1
Adjustments to income (loss) from continuing operations:
Depreciation and amortization	21.1	24.5
Stock-based compensation	3.3	3.0
Asbestos-related costs, net	15.8	16.0
Asbestos-related payments, net	(2.5)	(3.4)
Changes in assets and liabilities:
Change in receivables	(100.0)	(72.5)
Change in inventories	25.6	(15.4)
Change in accounts payable	1.8	0.9
Change in accrued expenses	(9.5)	(2.0)
Change in accrued and deferred income taxes	(1.7)	12.4
Other, net	(0.3)	5.1
Net Cash - Operating activities	(13.2)	(12.3)
Investing Activities
Capital expenditures	(19.0)	(16.7)
Purchases of investments	(49.0)	(31.7)
Maturities of investments	97.2	13.2
Other, net	(2.7)	0.5
Net Cash - Investing activities	26.5	(34.7)
Financing Activities
Short-term debt, net	(11.0)	28.3
Long-term debt, repaid	(0.3)	(2.6)
Repurchase of common stock	(4.8)	(48.2)
Issuance of common stock	9.0	14.0
Excess tax benefit from equity compensation activity	5.2	2.4
Other, net	(1.5)	(1.8)
Net Cash - Financing activities	(3.4)	(7.9)
Exchange rate effects on cash and cash equivalents	(1.7)	(6.1)
Discontinued operations:
Net Cash - Discontinued operations	(0.4)	(0.4)
Net change in cash and cash equivalents	7.8	(61.4)
Cash and cash equivalents – beginning of year	507.3	544.5
Cash and cash equivalents – end of period	515.1	483.1
Cash paid (received) during the year for:
Interest paid, net of interest received	0.1	0.2
Income taxes, net of refunds received	$ 8.7	$ (0.6)