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CONSOLIDATED CONDENSED INCOME STATEMENTS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Income Statement [Abstract]    
Revenue $ 609.1 $ 588.7
Costs of revenue 413.8 389.7
Gross profit 195.3 199.0
General and administrative expenses 69.0 60.1
Sales and marketing expenses 43.3 47.3
Research and development expenses 19.2 18.3
Asbestos-related costs, net 12.8 15.4
Operating income 51.0 57.9
Interest and non-operating expenses, net 1.7 1.2
Income from continuing operations before income tax expense 49.3 56.7
Income tax expense 11.7 18.1
Income from continuing operations 37.6 38.6
(Loss) income from discontinued operations, net of tax (0.3) 3.4
Net income 37.3 42.0
Less: Loss attributable to noncontrolling interests (0.1) (0.1)
Net income attributable to ITT Corporation 37.4 42.1
Amounts attributable to ITT Corporation:    
Income from continuing operations, net of tax 37.7 38.7
(Loss) income from discontinued operations, net of tax (0.3) 3.4
Net income attributable to ITT Corporation $ 37.4 $ 42.1
Basic:    
Continuing operations $ 0.42 $ 0.42
Discontinued operations 0.00 0.04
Net income 0.42 0.46
Diluted:    
Continuing operations 0.42 0.42
Discontinued operations (0.01) 0.04
Net income $ 0.41 $ 0.46
Weighted average common shares – basic 89.6 90.6
Weighted average common shares – diluted 90.5 91.6
Cash dividends declared per common share $ 0.124 $ 0.1183