CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Operating Activities
Net income	$ 71.9	$ 47.1
Income (loss) from discontinued operations	(3.9)	2.8
Less: Income attributable to noncontrolling interests	1.4	0.5
Net income from continuing operations attributable to ITT Corporation	74.4	43.8
Adjustments to income (loss) from continuing operations:
Depreciation and amortization	42.2	44.6
Stock-based compensation	6.8	6.2
Asbestos-related costs, net	31.7	31.9
Asbestos-related payments, net	(6.9)	(11.7)
Changes in assets and liabilities:
Change in receivables	(79.3)	(64.2)
Change in inventories	5.8	(18.2)
Change in accounts payable	(0.4)	15.4
Change in accrued expenses	(3.5)	(5.0)
Change in accrued and deferred income taxes	0.2	17.3
Other, net	13.3	8.7
Net Cash - Operating activities	84.3	68.8
Investing Activities
Capital expenditures	(45.7)	(36.8)
Purchases of investments	(120.6)	(47.8)
Maturities of investments	135.8	49.9
Other, net	(2.1)	1.1
Net Cash - Investing activities	(32.6)	(33.6)
Financing Activities
Short-term debt, net	(15.5)	27.3
Long-term debt, repaid	(0.7)	(5.5)
Repurchase of common stock	(14.9)	(87.9)
Issuance of common stock	11.4	21.9
Payments of Ordinary Dividends, Common Stock	(10.3)	(9.3)
Excess tax benefit from equity compensation activity	6.4	3.7
Other, net	(1.6)	(1.3)
Net Cash - Financing activities	(25.2)	(51.1)
Exchange rate effects on cash and cash equivalents	(1.6)	(7.2)
Discontinued operations:
Net Cash - Discontinued operations	(4.5)	(3.7)
Net change in cash and cash equivalents	20.4	(26.8)
Cash and cash equivalents – beginning of year	507.3	544.5
Cash and cash equivalents – end of period	527.7	517.7
Cash paid (received) during the year for:
Interest paid, net of interest received	0.1	0.4
Income taxes, net of refunds received	$ 16.8	$ 5.0