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CONSOLIDATED CONDENSED INCOME STATEMENTS (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Income Statement [Abstract]        
Revenue $ 609.2 $ 557.9 $ 1,217.4 $ 1,126.0
Costs of revenue 411.4 387.5 829.1 785.4
Gross profit 197.8 170.4 388.3 340.6
Sales and marketing expenses 57.5 45.8 109.3 92.9
General and administrative expenses 66.6 41.3 135.7 99.0
Research and development expenses 16.4 16.6 32.8 32.7
Asbestos Related Costs Net 15.9 9.7 31.9 22.3
Operating income (loss) 41.4 57.0 78.6 93.7
Interest and non-operating (income) expenses, net 2.2 3.4 4.9 5.0
Income (loss) from continuing operations before income tax (benefit) expense 39.2 53.6 73.7 88.7
Income tax expense 14.4 37.4 29.4 62.0
Income (loss) from continuing operations 24.8 16.2 44.3 26.7
Income (loss) from discontinued operations, including tax expense (benefit) of $0.3, $(1.2), $(0.2), and $0, respectively 1.1 0.6 2.8 (6.7)
Net income 25.9 16.8 47.1 20.0
Less: Income attributable to noncontrolling interests 0.1 0 0.5 0
Net income attributable to ITT Corporation 25.8 16.8 46.6 20.0
Amounts attributable to ITT Corporation:        
Income from continuing operations, net of tax 24.7 16.2 43.8 26.7
Income (loss) from discontinued operations, including tax expense (benefit) of $0.3, $(1.2), $(0.2), and $0, respectively 1.1 0.6 2.8 (6.7)
Net income attributable to ITT Corporation $ 25.8 $ 16.8 $ 46.6 $ 20.0
Basic:        
Continuing operations (usd per share) $ 0.27 $ 0.17 $ 0.48 $ 0.29
Discontinued operations (usd per share) $ 0.02 $ 0.01 $ 0.03 $ (0.08)
Net income (usd per share) $ 0.29 $ 0.18 $ 0.51 $ 0.21
Diluted:        
Continuing operations (usd per share) $ 0.27 $ 0.17 $ 0.47 $ 0.28
Discontinued operations (usd per share) $ 0.01 $ 0.01 $ 0.03 $ (0.07)
Net income (usd per share) $ 0.28 $ 0.18 $ 0.50 $ 0.21
Weighted average common shares - basic 90.4 92.8 91.2 93.4
Weighted average common shares - diluted 91.6 93.9 92.4 94.7
Cash dividends declared per common share $ 0.1 $ 0.091 $ 0.2 $ 0.182