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CONSOLIDATED CONDENSED INCOME STATEMENTS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Revenue $ 657.1 $ 634.0 $ 1,994.6 $ 1,851.4
Costs of revenue 437.2 431.1 1,345.1 1,260.2
Gross profit 219.9 202.9 649.5 591.2
Sales and marketing expenses 53.5 52.7 165.1 162.0
General and administrative expenses 69.1 72.5 216.3 208.2
Research and development expenses 20.1 16.1 56.4 48.9
Asbestos-related (benefit) costs, net (42.5) (15.4) (10.8) 16.5
Operating income 119.7 77.0 222.5 155.6
Interest and non-operating expenses (income), net 0.7 (2.3) 2.3 2.6
Income from continuing operations before income tax expense (benefit) 119.0 79.3 220.2 153.0
Income tax expense (benefit) 38.0 (354.4) 63.4 (325.0)
Income from continuing operations 81.0 433.7 156.8 478.0
(Loss) income from discontinued operations, including tax expense (benefit) (0.3) (2.3) (4.2) 0.5
Net income 80.7 431.4 152.6 478.5
Less: Income attributable to noncontrolling interests 0.4 0.7 1.8 1.2
Net income attributable to ITT Corporation 80.3 430.7 150.8 477.3
Amounts attributable to ITT Corporation:        
Income from continuing operations, net of tax 80.6 433.0 155.0 476.8
(Loss) income from discontinued operations, including tax expense (benefit) (0.3) (2.3) (4.2) 0.5
Net income attributable to ITT Corporation $ 80.3 $ 430.7 $ 150.8 $ 477.3
Basic:        
Continuing operations (usd per share) $ 0.88 $ 4.79 $ 1.69 $ 5.24
Discontinued operations (usd per share) $ 0.00 $ (0.03) $ (0.04) $ 0.01
Net income (usd per share) $ 0.88 $ 4.76 $ 1.65 $ 5.25
Diluted:        
Continuing operations (usd per share) $ 0.87 $ 4.71 $ 1.67 $ 5.17
Discontinued operations (usd per share) $ (0.01) $ (0.02) $ (0.05) $ 0.00
Net income (usd per share) $ 0.86 $ 4.69 $ 1.62 $ 5.17
Weighted average common shares - basic 91.6 90.4 91.5 91.0
Weighted average common shares - diluted 92.9 91.9 92.9 92.3
Cash dividends declared per common share $ 0.11 $ 0.1 $ 0.33 $ 0.3