CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $) In Millions, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Operating Activities
Net income	$ 47.1	$ 20.0
Income (loss) from discontinued operations	2.8	(6.7)
Less: Income attributable to noncontrolling interests	0.5	0
Net income from continuing operations attributable to ITT Corporation	43.8	26.7
Adjustments to income (loss) from continuing operations:
Depreciation and amortization	44.6	32.8
Stock-based compensation	6.2	5.8
Asbestos-related costs, net	31.9	22.3
Asbestos-related payments, net	(11.7)	(16.3)
Contributions to pension plans	(1.7)	(32.8)
Changes in assets and liabilities:
Change in receivables	(64.2)	(60.2)
Change in inventories	(18.2)	(8.8)
Change in accounts payable	15.4	4.7
Change in accrued expenses	(5.0)	(39.2)
Change in accrued and deferred income taxes	17.3	134.3
Other, net	10.4	32.7
Net Cash - Operating activities	68.8	102.0
Investing Activities
Capital expenditures	(36.8)	(29.6)
Purchases of investments	(47.8)	0
Maturities of investments	49.9	0
Other, net	1.1	1.0
Net Cash - Investing activities	(33.6)	(28.6)
Financing Activities
Short-term debt, net	27.3	37.8
Long-term debt, repaid	(5.5)	(0.2)
Repurchase of common stock	(87.9)	(76.8)
Issuance of common stock	21.9	35.7
Dividends paid	(9.3)	(17.2)
Excess tax benefit from equity compensation activity	3.7	3.6
Other, net	(1.3)	2.7
Net Cash - Financing activities	(51.1)	(14.4)
Exchange rate effects on cash and cash equivalents	(7.2)	(10.3)
Discontinued operations:
Operating activities	(3.7)	1.6
Investing activities	0	(0.1)
Financing activities	0	(1.0)
Net Cash - Discontinued operations	(3.7)	0.5
Net change in cash and cash equivalents	(26.8)	49.2
Cash and cash equivalents – beginning of year	544.5	689.9
Cash and cash equivalents – end of period	517.7	739.1
Cash paid (received) during the year for:
Interest paid, net of interest received	0.4	0.7
Income taxes, net of refunds received	$ 5.0	$ (89.5)