CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating Activities
Net income	$ 184.4	$ 71.9
Less: Income (loss) from discontinued operations	5.1	(3.9)
Less: Income attributable to noncontrolling interests	0.0	1.4
Income from continuing operations attributable to ITT Corporation	179.3	74.4
Adjustments to income from continuing operations:
Depreciation and amortization	41.9	42.2
Stock-based compensation	6.9	6.8
Asbestos-related (benefit) costs, net	(69.4)	31.7
Asbestos-related payments, net	(6.5)	(6.9)
Changes in assets and liabilities:
Change in receivables	(71.8)	(79.3)
Change in inventories	2.0	5.8
Change in accounts payable	4.5	(0.4)
Change in accrued expenses	(19.6)	(3.5)
Change in accrued and deferred income taxes	30.4	0.2
Other, net	(8.2)	13.3
Net Cash – Operating activities	89.5	84.3
Investing Activities
Capital expenditures	(46.0)	(45.7)
Acquisitions, net of cash acquired	(53.5)	(2.8)
Purchases of investments	(73.0)	(120.6)
Maturities of investments	20.6	135.8
Proceeds from sale of businesses and other assets	8.9	1.3
Proceeds from insurance recovery	2.5	0.0
Other, net	0.3	(0.6)
Net Cash – Investing activities	(140.2)	(32.6)
Financing Activities
Short-term debt, net	68.7	(15.5)
Long-term debt, repaid	(1.9)	(0.7)
Repurchase of common stock	(83.7)	(14.9)
Proceeds from issuance of common stock	5.3	11.4
Dividends paid	(11.0)	(10.3)
Excess tax benefit from equity compensation activity	3.0	6.4
Other, net	0.0	(1.6)
Net Cash – Financing activities	(19.6)	(25.2)
Exchange rate effects on cash and cash equivalents	(14.0)	(1.6)
Net Cash – Operating activities of discontinued operations	(2.3)	(4.5)
Net change in cash and cash equivalents	(86.6)	20.4
Cash and cash equivalents – beginning of year	584.0	507.3
Cash and cash equivalents – end of period	497.4	527.7
Cash paid during the year for:
Interest	0.5	0.1
Income taxes, net of refunds received	$ 6.7	$ 16.8