CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Operating Activities
Net income	$ 152.6	$ 478.5
Less: (Loss) income from discontinued operations, including tax expense (benefit)	(4.2)	0.5
Less: Income attributable to noncontrolling interests	1.8	1.2
Net income from continuing operations attributable to ITT Corporation	155.0	476.8
Adjustments to income (loss) from continuing operations:
Depreciation and amortization	64.2	66.5
Stock-based compensation	10.8	9.7
Asbestos-related (benefit) costs, net	(10.8)	16.5
Asbestos-related payments, net	(8.9)	(19.2)
Changes in assets and liabilities:
Change in receivables	(93.5)	(106.5)
Change in inventories	(6.3)	7.4
Change in accounts payable	1.2	4.4
Change in accrued expenses	4.1	(3.5)
Change in accrued and deferred income taxes	5.0	(340.1)
Other, net	11.1	(13.4)
Net Cash - Operating activities	131.9	98.6
Investing Activities
Capital expenditures	(74.4)	(58.2)
Purchases of investments	(165.1)	(147.2)
Maturities of investments	207.0	84.8
Other, net	0	1.8
Net Cash - Investing activities	(32.5)	(118.8)
Financing Activities
Short-term debt, net	(38.0)	53.5
Long-term debt, repaid	(1.2)	(6.0)
Repurchase of common stock	(25.5)	(87.9)
Issuance of common stock	14.3	28.0
Dividends paid	(20.4)	(18.3)
Excess tax benefit from equity compensation activity	8.4	5.3
Other, net	(1.5)	1.2
Net Cash - Financing activities	(63.9)	(24.2)
Exchange rate effects on cash and cash equivalents	(15.1)	(1.1)
Discontinued operations:
Net Cash - Operating activities of discontinued operations	(5.1)	(18.4)
Net change in cash and cash equivalents	15.3	(63.9)
Cash and cash equivalents – beginning of year	507.3	544.5
Cash and cash equivalents – end of period	522.6	480.6
Cash paid during the year for:
Interest paid	1.1	0.9
Income taxes, net of refunds received	$ 47.8	$ 11.9