XML 52 R61.htm IDEA: XBRL DOCUMENT v2.4.1.9
Income Taxes - Reconciliation of Tax Provision for Continuing Operations (Detail)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Income Tax Disclosure [Abstract]      
Tax provision at U.S. statutory rate 35.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate 35.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate 35.00%us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
Valuation allowance on deferred tax assets 8.60%us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance (191.10%)us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance 27.70%us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
Tax exempt interest (10.30%)itt_EffectiveIncomeTaxRateReconciliationTaxBenefitFromForeignPermanentItems (17.50%)itt_EffectiveIncomeTaxRateReconciliationTaxBenefitFromForeignPermanentItems (19.70%)itt_EffectiveIncomeTaxRateReconciliationTaxBenefitFromForeignPermanentItems
Tax on undistributed foreign earnings (8.10%)itt_EffectiveIncomeTaxRateReconciliationTaxOnUndistributedOfForeignEarnings 6.10%itt_EffectiveIncomeTaxRateReconciliationTaxOnUndistributedOfForeignEarnings 1.30%itt_EffectiveIncomeTaxRateReconciliationTaxOnUndistributedOfForeignEarnings
Foreign tax rate differential (6.20%)us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential (4.80%)us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential (3.00%)us-gaap_EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
Audit settlements & unrecognized tax benefits 0.90%us-gaap_EffectiveIncomeTaxRateReconciliationTaxSettlements 3.80%us-gaap_EffectiveIncomeTaxRateReconciliationTaxSettlements (13.20%)us-gaap_EffectiveIncomeTaxRateReconciliationTaxSettlements
U.S. permanent items (1.00%)itt_EffectiveIncomeTaxRateOnPermanentItems (1.30%)itt_EffectiveIncomeTaxRateOnPermanentItems 0.50%itt_EffectiveIncomeTaxRateOnPermanentItems
U.S. tax on foreign earnings 9.30%itt_EffectiveIncomeTaxRateReconciliationTaxOnForeignEarnings (0.70%)itt_EffectiveIncomeTaxRateReconciliationTaxOnForeignEarnings 0.50%itt_EffectiveIncomeTaxRateReconciliationTaxOnForeignEarnings
Other adjustments (1.30%)us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments (0.60%)us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments (3.90%)us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments
Effective Income Tax Rate Reconciliation, Tax Holiday, Amount (1.30%)us-gaap_EffectiveIncomeTaxRateReconciliationDeductions (1.00%)us-gaap_EffectiveIncomeTaxRateReconciliationDeductions 0.00%us-gaap_EffectiveIncomeTaxRateReconciliationDeductions
State and local income tax 1.60%us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes 0.60%us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes 1.40%us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
Effective income tax rate 27.20%us-gaap_EffectiveIncomeTaxRateContinuingOperations (171.50%)us-gaap_EffectiveIncomeTaxRateContinuingOperations 26.60%us-gaap_EffectiveIncomeTaxRateContinuingOperations