Capital Stock	12 Months Ended
Dec. 31, 2015
Equity [Abstract]
Capital Stock	CAPITAL STOCK ITT has authority to issue an aggregate of 300 shares of capital stock, of which 250 shares have been designated as Common Stock having a par value of $1 per share and 50 shares have been designated as Preferred Stock not having any par or stated value. There was no Preferred Stock outstanding as of December 31, 2015 and 2014. The stockholders of ITT common stock are entitled to receive dividends when and as declared by ITT’s Board of Directors. Dividends are paid quarterly. Dividends declared were $0.4732, $0.44 and $0.40 per common share in 2015, 2014, and 2013, respectively. On October 27, 2006, a three-year $1 billion share repurchase program (2006 Share Repurchase Program) was approved by our Board of Directors. On December 16, 2008, the provisions of the share repurchase program were modified by our Board of Directors to replace the original three-year term with an indefinite term. During 2015, 2014, and 2013, we repurchased 2.0 shares, 1.1 shares, and 3.1 shares of common stock for $80.0, $50.0 and $85.2, respectively. Through December 2015, we had repurchased 18.4 shares for $759.3, including commissions, under the $1 billion share repurchase program. Separate from the 2006 Share Repurchase Program, the Company repurchased 0.1 shares, 0.2 shares, and 0.1 shares for an aggregate price of $4.0, $10.2, and $2.7, during 2015, 2014 and 2013, respectively, in settlement of employee tax withholding obligations due upon the vesting of restricted stock or stock units. We make shares available for the exercise of stock options and vesting of restricted stock by purchasing shares in the open market or by issuing shares from treasury stock. During 2015, 2014, and 2013, we issued 0.6 shares, 1.4 shares, and 2.3 shares, respectively, related to equity compensation arrangements. As of December 31, 2015 and 2014, 15.0 shares and 13.3 shares of Common Stock were held in our treasury account, respectively.

Capital Stock

12 Months Ended

Dec. 31, 2015

CAPITAL STOCK

ITT has authority to issue an aggregate of 300 shares of capital stock, of which 250 shares have been designated as Common Stock having a par value of $1 per share and 50 shares have been designated as Preferred Stock not having any par or stated value. There was no Preferred Stock outstanding as of December 31, 2015 and 2014.

The stockholders of ITT common stock are entitled to receive dividends when and as declared by ITT’s Board of Directors. Dividends are paid quarterly. Dividends declared were $0.4732, $0.44 and $0.40 per common share in 2015, 2014, and 2013, respectively.

On October 27, 2006, a three-year $1 billion share repurchase program (2006 Share Repurchase Program) was approved by our Board of Directors. On December 16, 2008, the provisions of the share repurchase program were modified by our Board of Directors to replace the original three-year term with an indefinite term. During 2015, 2014, and 2013, we repurchased 2.0 shares, 1.1 shares, and 3.1 shares of common stock for $80.0, $50.0 and $85.2, respectively. Through December 2015, we had repurchased 18.4 shares for $759.3, including commissions, under the $1 billion share repurchase program.

Separate from the 2006 Share Repurchase Program, the Company repurchased 0.1 shares, 0.2 shares, and 0.1 shares for an aggregate price of $4.0, $10.2, and $2.7, during 2015, 2014 and 2013, respectively, in settlement of employee tax withholding obligations due upon the vesting of restricted stock or stock units.

We make shares available for the exercise of stock options and vesting of restricted stock by purchasing shares in the open market or by issuing shares from treasury stock. During 2015, 2014, and 2013, we issued 0.6 shares, 1.4 shares, and 2.3 shares, respectively, related to equity compensation arrangements. As of December 31, 2015 and 2014, 15.0 shares and 13.3 shares of Common Stock were held in our treasury account, respectively.