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CONSOLIDATED CONDENSED INCOME STATEMENTS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Income Statement [Abstract]        
Revenue $ 663.0 $ 609.2 $ 1,337.5 $ 1,217.4
Costs of revenue 448.2 411.4 907.9 829.1
Gross profit 214.8 197.8 429.6 388.3
Sales and marketing expenses 56.3 57.5 111.6 109.3
General and administrative expenses 69.5 66.6 147.2 135.7
Research and development expenses 18.6 16.4 36.3 32.8
Asbestos Related Costs Net 15.9 15.9 31.7 31.9
Operating income 54.5 41.4 102.8 78.6
Interest and non-operating expenses, net 0.5 2.2 1.6 4.9
Income from continuing operations before income tax expense 54.0 39.2 101.2 73.7
Income tax expense 12.4 14.4 25.4 29.4
Income from continuing operations 41.6 24.8 75.8 44.3
Income (loss) from discontinued operations, including tax expense (benefit) of $0.5 and $(0.5), respectively (2.9) 1.1 (3.9) 2.8
Net income 38.7 25.9 71.9 47.1
Less: Income attributable to noncontrolling interests 0.4 0.1 1.4 0.5
Net income attributable to ITT Corporation 38.3 25.8 70.5 46.6
Amounts attributable to ITT Corporation:        
Income from continuing operations, net of tax 41.2 24.7 74.4 43.8
Income (loss) from discontinued operations, including tax expense (benefit) of $0.5 and $(0.5), respectively (2.9) 1.1 (3.9) 2.8
Net income attributable to ITT Corporation $ 38.3 $ 25.8 $ 70.5 $ 46.6
Basic:        
Continuing operations (usd per share) $ 0.45 $ 0.27 $ 0.81 $ 0.48
Discontinued operations (usd per share) $ (0.03) $ 0.02 $ (0.04) $ 0.03
Net income (usd per share) $ 0.42 $ 0.29 $ 0.77 $ 0.51
Diluted:        
Continuing operations (usd per share) $ 0.44 $ 0.27 $ 0.80 $ 0.47
Discontinued operations (usd per share) $ (0.03) $ 0.01 $ (0.04) $ 0.03
Net income (usd per share) $ 0.41 $ 0.28 $ 0.76 $ 0.50
Weighted average common shares - basic 91.7 90.4 91.5 91.2
Weighted average common shares - diluted 93.0 91.6 92.8 92.4
Cash dividends declared per common share $ 0.11 $ 0.1 $ 0.22 $ 0.2