CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Operating Activities
Net income	$ 37.3	$ 42.0
Less: (Loss) income from discontinued operations	(0.3)	3.4
Less: Loss attributable to noncontrolling interests	(0.1)	(0.1)
Income from continuing operations attributable to ITT Corporation	37.7	38.7
Adjustments to income from continuing operations:
Depreciation and amortization	25.3	20.7
Stock-based compensation	2.9	3.1
Asbestos-related costs, net	12.8	15.4
Asbestos-related payments, net	(4.3)	(3.9)
Changes in assets and liabilities:
Change in receivables	(21.0)	(56.7)
Change in inventories	(4.0)	3.6
Change in accounts payable	(14.8)	(0.5)
Change in accrued expenses	(28.8)	(21.3)
Change in Accrued and Deferred Income Taxes	3.4	17.2
Other, net	(3.5)	(8.1)
Net Cash – Operating activities	5.7	8.2
Investing Activities
Capital expenditures	(21.0)	(30.2)
Acquisitions, net of cash acquired	(0.2)	0.0
Purchases of investments	(40.0)	(15.3)
Maturities of investments	36.3	5.3
Other, net	0.1	0.2
Net Cash – Investing activities	(24.8)	(40.0)
Financing Activities
Commercial paper, net borrowings	28.5	113.5
Short-term revolving loans, borrowings	27.7	0.0
Short-term revolving loans, repayments	(27.7)	0.0
Repurchase of common stock	(6.9)	(82.8)
Proceeds from issuance of common stock	6.1	2.0
Dividends paid	(11.4)	(0.3)
Excess tax benefit from equity compensation activity	3.0	1.8
Other, net	(2.4)	(0.2)
Net Cash – Financing activities	16.9	34.0
Exchange rate effects on cash and cash equivalents	9.9	(15.8)
Net Cash – Operating activities of discontinued operations	7.5	(0.3)
Net change in cash and cash equivalents	15.2	(13.9)
Cash and cash equivalents – beginning of year	415.7	584.0
Cash and cash equivalents – end of period	430.9	570.1
Cash paid during the year for:
Interest	1.4	0.0
Income taxes, net of refunds received	$ 5.0	$ (1.0)