CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Operating Activities
Net income	$ 42.0	$ 33.2
Less: Income (loss) from discontinued operations	3.4	(1.0)
Less: (Loss) income attributable to noncontrolling interests	(0.1)	1.0
Income from continuing operations attributable to ITT Corporation	38.7	33.2
Adjustments to income from continuing operations:
Depreciation and amortization	20.7	21.1
Stock-based compensation	3.1	3.3
Asbestos-related costs, net	15.4	15.8
Asbestos-related payments, net	(3.9)	(2.5)
Changes in assets and liabilities:
Change in receivables	(56.7)	(100.0)
Change in inventories	3.6	25.6
Change in accounts payable	(0.5)	1.8
Change in accrued expenses	(21.3)	(9.5)
Change in accrued and deferred income taxes	17.2	(1.7)
Other, net	(8.1)	(0.3)
Net Cash – Operating activities	8.2	(13.2)
Investing Activities
Capital expenditures	(30.2)	(19.0)
Purchases of investments	(15.3)	(49.0)
Maturities of investments	5.3	97.2
Other, net	0.2	(2.7)
Net Cash – Investing activities	(40.0)	26.5
Financing Activities
Short-term debt, net	113.5	(11.0)
Long-term debt, repaid	(0.2)	(0.3)
Repurchase of common stock	(82.8)	(4.8)
Proceeds from issuance of common stock	2.0	9.0
Excess tax benefit from equity compensation activity	1.8	5.2
Other, net	(0.3)	(1.5)
Net Cash – Financing activities	34.0	(3.4)
Exchange rate effects on cash and cash equivalents	(15.8)	(1.7)
Net Cash – Operating activities of discontinued operations	(0.3)	(0.4)
Net change in cash and cash equivalents	(13.9)	7.8
Cash and cash equivalents – beginning of year	584.0	507.3
Cash and cash equivalents – end of period	570.1	515.1
Cash paid during the year for:
Interest	0	0.1
Income taxes, net of refunds received	$ (1.0)	$ 8.7