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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]      
Revenue $ 2,485.6 $ 2,654.6 $ 2,496.9
Costs of revenue 1,676.5 1,788.2 1,697.1
Gross profit 809.1 866.4 799.8
Sales and marketing expenses 183.2 219.4 216.2
General and administrative expenses 258.3 300.1 299.9
Research and development expenses 78.9 76.6 67.3
Asbestos-related (benefit) costs, net (91.4) 3.9 32.8
Operating income 380.1 266.4 183.6
Interest and non-operating (income) expenses, net (2.2) 4.4 3.1
Income from continuing operations before income tax 382.3 262.0 180.5
Income tax expense (benefit) 70.1 71.3 (309.6)
Income from continuing operations 312.2 190.7 490.1
Income (loss) from discontinued operations, including tax benefit of $24.5, $4.8, and $0.2, respectively 39.4 (3.9) 0.8
Net income 351.6 186.8 490.9
Less: (Loss) income attributable to noncontrolling interests (0.2) 2.3 2.4
Net income attributable to ITT Corporation 351.8 184.5 488.5
Amounts attributable to ITT Corporation:      
Income from continuing operations, net of tax 312.4 188.4 487.7
Income (loss) from discontinued operations, including tax benefit of $24.5, $4.8, and $0.2, respectively 39.4 (3.9) 0.8
Net income attributable to ITT Corporation $ 351.8 $ 184.5 $ 488.5
Basic Earnings Per Share:      
Continuing operations $ 3.48 $ 2.06 $ 5.36
Discontinued operations 0.44 (0.04) 0.01
Net income 3.92 2.02 5.37
Diluted Earnings Per Share:      
Continuing operations 3.44 2.03 5.28
Discontinued operations 0.44 (0.04) 0.01
Net income $ 3.88 $ 1.99 $ 5.29
Weighted average common shares – basic 89.8 91.5 91.0
Weighted average common shares – diluted 90.7 92.8 92.3
Cash dividends declared per common share $ 0.4732 $ 0.44 $ 0.4