Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2011

Commitments and Contingencies [Abstract]

Roll forward of asbestos claims

	2011(a)
Pending claims – 12/31		103,575
New claims		4,220
Settlements		(1,009	)
Dismissals		(2,071	)
Pending claims – 9/30		104,715

(a) In September 2010, ITT executed an amended cost-sharing agreement related to a business we disposed of a number of years ago. The amended agreement provides for a sharing of costs for claims resolved between 2010 and 2019 naming ITT or the entity which acquired the disposed business. Claim activity associated with the amended cost-sharing agreement for claims that were not filed against ITT are excluded from the table above.

Net Asbestos Charges

	Three Months						Nine Months
	2011			2010			2011			2010
Continuing operations	$	59		$	341		$	91		$	368
Discontinued operations		(9	)		(10	)		(6	)		(10	)
Total	$	50		$	331		$	85		$	358

Roll forward of asbestos liability and related assets

	Liability			Asset			Net
Balance — 12/31	$	1,676		$	1,035		$	641
Changes in estimate during the period:
Continuing operations		102			11			91
Discontinued operations		(62	)		(56	)		(6	)
Net cash activity		(56	)		(40	)		(16	)
Balance — 9/30	$	1,660		$	950		$	710