Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2012

Discontinued Operations [Abstract]

Results of discontinued operations

The tables below provide the results of discontinued operations through the date of disposal or distribution and certain transformation costs that were incurred by ITT but qualified for classification within discontinued operations.

Three Months Ended June 30, 2011	Exelis		Xylem		Other (a)			Total
Revenue	$	1,484.7	$	970.8	$	—		$	2,455.5
Transformation costs		8.8		17.6		31.7			58.1
Earnings (loss) before income taxes		122.7		125.6		(32.8	)		215.5
Income tax expense (benefit)		45.1		26.7		(7.3	)		64.5
Income (loss) from discontinued operations		77.6		98.9		(25.5	)		151.0
Six Months Ended June 30, 2011	Exelis		Xylem		Other (a)			Total
Revenue	$	2,832.1	$	1,861.1	$	—		$	4,693.2
Transformation costs		12.4		20.9		48.9			82.2
Earnings (loss) before income taxes		256.6		221.8		(53.0	)		425.4
Income tax expense (benefit)		89.7		56.8		(14.9	)		131.6
Income (loss) from discontinued operations		166.9		164.9		(38.0	)		293.8

^(a) Amounts presented in the “Other” column in the tables above relate to various divested ITT businesses accounted for as discontinued operations in the year of divestiture for which legacy liabilities remain, as well as certain transformation costs which were directly related to the Distribution that provide no future benefit to the Company. See Note 3, “Company Transformation” for further information.