XML 67 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Statement of Comprehensive Income [Abstract]    
Net income $ 42.0us-gaap_ProfitLoss $ 33.2us-gaap_ProfitLoss
Other comprehensive income:    
Net foreign currency translation adjustment (60.9)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax (2.5)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
Net change in postretirement benefit plans, net of tax impacts of $0.3 and $0.4, respectively 0.5us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax 0.6us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
Other comprehensive (loss) income (60.4)us-gaap_OtherComprehensiveIncomeLossNetOfTax (1.9)us-gaap_OtherComprehensiveIncomeLossNetOfTax
Comprehensive (loss) income (18.4)us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest 31.3us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
Less: Comprehensive (loss) income attributable to noncontrolling interests (0.1)us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest 1.0us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
Comprehensive (loss) income attributable to ITT Corporation (18.3)us-gaap_ComprehensiveIncomeNetOfTax 30.3us-gaap_ComprehensiveIncomeNetOfTax
Reclassification adjustments (see Note 14):    
Amortization of prior service benefit, net of tax expense of $(0.9) and $(0.5), respectively (1.6)us-gaap_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax (0.8)us-gaap_OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
Amortization of net actuarial loss, net of tax benefits of $1.2 and $0.9, respectively 2.1us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax 1.4us-gaap_OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
Net change in postretirement benefit plans, net of tax impacts of $0.3 and $0.4, respectively $ 0.5us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $ 0.6us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax