Restructuring and Asset Impairment Charges

9 Months Ended

Sep. 30, 2011

Restructuring and Asset Impairment Charges [Abstract]

RESTRUCTURING AND ASSET IMPAIRMENT CHARGES

NOTE 5
RESTRUCTURING AND ASSET IMPAIRMENT CHARGES

During the three and nine months ended September 30, 2011, we recognized restructuring and asset impairment charges of $2 and $16, respectively. The year-to-date charge primarily relates to various reduction in force initiatives within our Defense segment. During the three and nine months ended September 30, 2010, we recognized restructuring charges of $6 and $42, respectively, primarily related to a strategic realignment of our Defense segment to enable better product portfolio integration, encourage a more coordinated market approach and provide reductions in overhead costs. The Defense segment was renamed ITT Defense & Information Solutions and the previous organizational structure, consisting of seven divisions, was consolidated into three larger divisions. This initiative was substantially completed during 2010.

The table provided below summarizes the presentation of restructuring and asset impairment charges within our Consolidated Condensed Income Statements for the three and nine month periods ended September 30, 2011 and 2010.

	Three Months				Nine Months
For the Periods Ended September 30	2011		2010		2011		2010
Restructuring costs presented in costs of revenue	$	—	$	3	$	6	$	12
Restructuring costs presented in operating expenses		—		3		7		30
Asset impairment		2		—		3		—
Total restructuring and asset impairment costs	$	2	$	6	$	16	$	42