XML 24 R9.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDER'S EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Loss [Member]
Noncontrolling Interest [Member]
Common stock, beginning balance at Dec. 31, 2012   91.9      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Activity from stock incentive plans   2.3      
Share repurchases (3.1) (3.2)      
Common stock, ending balance at Dec. 31, 2013   91.0      
Common stock, beginning balance at Dec. 31, 2012   $ 91.9      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Activity from stock incentive plans   2.3 $ 54.4    
Share repurchases $ (85.2) (3.2) (84.7)    
Common stock, ending balance at Dec. 31, 2013   91.0      
Retained earnings, beginning balance at Dec. 31, 2012     898.8    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income attributable to ITT Corporation 488.5   488.5    
Dividends declared     (36.7)    
Activity from stock incentive plans   2.3 54.4    
Share repurchases (85.2) $ (3.2) (84.7)    
Purchase of noncontrolling interest     0.0    
Retained earnings, ending balance at Dec. 31, 2013     1,320.3    
Postretirement benefit plans, beginning balance at Dec. 31, 2012       $ (195.5)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net change in postretirement benefit plans 66.3     66.3  
Postretirement benefit plans, ending balance at Dec. 31, 2013       (129.2)  
Cumulative translation adjustment, beginning balance at Dec. 31, 2012       (91.7)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net cumulative translation adjustment       10.9  
Cumulative translation adjustments, ending balance at Dec. 31, 2013       (80.8)  
Unrealized (loss) gain on investment securities, beginning balance at Dec. 31, 2012       (0.3)  
Unrealized (loss) gain on investment securities, ending balance at Dec. 31, 2013       (0.3)  
Noncontrolling interests, beginning balance at Dec. 31, 2012         $ 0.0
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
(Loss) income attributable to noncontrolling interests (2.4)       2.4
Dividend to noncontrolling interest shareholders         0.0
Noncontrolling interest acquired         0.0
Purchase of noncontrolling interests         0.0
Reclassification of noncontrolling interests         3.9
Other         (0.4)
Noncontrolling interests, ending balance at Dec. 31, 2013         5.9
Total shareholders’ equity, beginning balance at Dec. 31, 2012 703.2        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net change in common stock (0.9)        
Net change in retained earnings 421.5        
Net change in accumulated other comprehensive loss 77.2        
Net change in noncontrolling interests 5.9        
Total shareholders’ equity, ending balance at Dec. 31, 2013 $ 1,206.9        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Total accumulated other comprehensive loss       (210.3)  
Activity from stock incentive plans   1.4      
Share repurchases (1.1) (1.4)      
Common stock, ending balance at Dec. 31, 2014 104.3 91.0      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Activity from stock incentive plans   $ 1.4 38.2    
Share repurchases $ (50.0) (1.4) (58.8)    
Common stock, ending balance at Dec. 31, 2014 91.0 91.0      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income attributable to ITT Corporation 184.5   184.5    
Dividends declared     (40.6)    
Activity from stock incentive plans   1.4 38.2    
Share repurchases (50.0) $ (1.4) (58.8)    
Purchase of noncontrolling interest     1.5    
Retained earnings, ending balance at Dec. 31, 2014 1,445.1   1,445.1    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net change in postretirement benefit plans (15.0)     (15.0)  
Postretirement benefit plans, ending balance at Dec. 31, 2014 (144.2)     (144.2)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net cumulative translation adjustment       (95.9)  
Cumulative translation adjustments, ending balance at Dec. 31, 2014 (176.7)     (176.7)  
Unrealized (loss) gain on investment securities, ending balance at Dec. 31, 2014 (0.3)     (0.3)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
(Loss) income attributable to noncontrolling interests (2.3)       2.3
Dividend to noncontrolling interest shareholders         0.0
Noncontrolling interest acquired         0.0
Purchase of noncontrolling interests         (2.9)
Reclassification of noncontrolling interests         0.0
Other         0.1
Noncontrolling interests, ending balance at Dec. 31, 2014 5.4       5.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net change in common stock 0.0        
Net change in retained earnings 124.8        
Net change in accumulated other comprehensive loss (110.9)        
Net change in noncontrolling interests (0.5)        
Total shareholders’ equity, ending balance at Dec. 31, 2014 $ 1,220.3        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Total accumulated other comprehensive loss       (321.2)  
Activity from stock incentive plans   0.6      
Share repurchases (2.0) (2.1)      
Common stock, ending balance at Dec. 31, 2015 104.5 89.5      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Activity from stock incentive plans   $ 0.6 24.5    
Share repurchases $ (80.0) (2.1) (81.9)    
Common stock, ending balance at Dec. 31, 2015 89.5 89.5      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income attributable to ITT Corporation 351.8        
Dividends declared     (42.8)    
Activity from stock incentive plans   0.6 24.5    
Share repurchases (80.0) $ (2.1) (81.9)    
Purchase of noncontrolling interest     $ 0.0    
Retained earnings, ending balance at Dec. 31, 2015 1,696.7        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net change in postretirement benefit plans (9.5)     (9.5)  
Postretirement benefit plans, ending balance at Dec. 31, 2015 (153.7)     (153.7)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net cumulative translation adjustment       (93.4)  
Cumulative translation adjustments, ending balance at Dec. 31, 2015 (270.1)     (270.1)  
Unrealized (loss) gain on investment securities, ending balance at Dec. 31, 2015 (0.3)     (0.3)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
(Loss) income attributable to noncontrolling interests 0.2       0.2
Dividend to noncontrolling interest shareholders         (3.3)
Noncontrolling interest acquired         1.4
Purchase of noncontrolling interests         0.0
Reclassification of noncontrolling interests         0.0
Other         $ 0.0
Noncontrolling interests, ending balance at Dec. 31, 2015 3.3        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net change in common stock (1.5)        
Net change in retained earnings 251.6        
Net change in accumulated other comprehensive loss (102.9)        
Net change in noncontrolling interests (2.1)        
Total shareholders’ equity, ending balance at Dec. 31, 2015 $ 1,365.4        
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Total accumulated other comprehensive loss       $ (424.1)