XML 48 R52.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Immaterial Corrections (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2011
Immaterial Corrections [Abstract] |
Immaterial Corrections Income Statement |
YEAR ENDED DECEMBER 31, 2010 |  | As Previously Reported with Reclassification For Discontinued Operations (Note 4) |  | Adjustments |  | As Adjusted and with Reclassification For Discontinued Operations
General and administrative expenses |  |  | $ | 179 |  |  |  | $ | (3 | ) |  |  | $ | 176 |
Operating loss |  |  |  | (187 | ) |  |  |  | 3 |  |  |  |  | (184 | )
Loss from continuing operations before income tax expense |  |  |  | (279 | ) |  |  |  | 3 |  |  |  |  | (276 | )
Loss from continuing operations |  |  |  | (135 | ) |  |  |  | 3 |  |  |  |  | (132 | )
Income from discontinued operations |  |  |  | 933 |  |  |  |  | 3 |  |  |  |  | 936 |
Net income |  |  | $ | 798 |  |  |  | $ | 6 |  |  |  | $ | 804 |
Income Statement as of December 31, 2009
YEAR ENDED DECEMBER 31, 2009 |  | As Previously Reported with Reclassification For Discontinued Operations (Note 4) |  | Adjustments |  | As Adjusted and with Reclassification For Discontinued Operations
General and administrative expenses |  |  | $ | 195 |  |  |  | $ | 6 |  |  |  | $ | 201 |
Operating loss |  |  |  | (115 | ) |  |  |  | (6 | ) |  |  |  | (121 | )
Loss from continuing operations before income tax expense |  |  |  | (202 | ) |  |  |  | (6 | ) |  |  |  | (208 | )
Income tax expense |  |  |  | (98 | ) |  |  |  | 1 |  |  |  |  | (97 | )
Loss from continuing operations |  |  |  | (104 | ) |  |  |  | (7 | ) |  |  |  | (111 | )
Income from discontinued operations |  |  |  | 748 |  |  |  |  | (8 | ) |  |  |  | 740 |
Net income |  |  | $ | 644 |  |  |  | $ | (15 | ) |  |  | $ | 629 |
Immaterial Corrections Balance Sheet |
DECEMBER 31, 2010 |  | As Previously Reported with Reclassification For Discontinued Operations (Note 4) |  | Adjustments |  | As Adjusted and with Reclassification For Discontinued Operations
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets of discontinued operations |  |  | $ | 3,459 |  |  |  | $ | (2 | ) |  |  | $ | 3,457 |
Total current assets |  |  |  | 4,426 |  |  |  |  | (2 | ) |  |  |  | 4,424 |
Deferred income taxes (noncurrent) |  |  |  | 339 |  |  |  |  | (19 | ) |  |  |  | 320 |
Noncurrent assets of discontinued operations |  |  |  | 5,871 |  |  |  |  | (6 | ) |  |  |  | 5,865 |
Total non-current assets |  |  |  | 8,216 |  |  |  |  | (25 | ) |  |  |  | 8,191 |
Total assets |  |  |  | 12,642 |  |  |  |  | (27 | ) |  |  |  | 12,615 |
Liabilities and Shareholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accrued liabilities |  |  |  | 408 |  |  |  |  | (11 | ) |  |  |  | 397 |
Current liabilities of discontinued operations |  |  |  | 1,883 |  |  |  |  | 9 |  |  |  |  | 1,892 |
Total current liabilities |  |  |  | 2,743 |  |  |  |  | (2 | ) |  |  |  | 2,741 |
Other non-current liabilities |  |  |  | 322 |  |  |  |  | 3 |  |  |  |  | 325 |
Noncurrent liabilities of discontinued operations |  |  |  | 1,902 |  |  |  |  | 15 |  |  |  |  | 1,917 |
Total noncurrent liabilities |  |  |  | 5,395 |  |  |  |  | 18 |  |  |  |  | 5,413 |
Total liabilities |  |  |  | 8,138 |  |  |  |  | 16 |  |  |  |  | 8,154 |
Shareholders’ Equity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retained earnings |  |  |  | 5,499 |  |  |  |  | (58 | ) |  |  |  | 5,441 |
Postretirement benefit plans |  |  |  | (1,360 | ) |  |  |  | 1 |  |  |  |  | (1,359 | )
Cumulative translation adjustments |  |  |  | 262 |  |  |  |  | 14 |  |  |  |  | 276 |
Total shareholders’ equity |  |  |  | 4,504 |  |  |  |  | (43 | ) |  |  |  | 4,461 |
Total liabilities and shareholders’ equity |  |  | $ | 12,642 |  |  |  | $ | (27 | ) |  |  | $ | 12,615 |

X
- Details
Name: | itt_ImmaterialCorrectionsAbstract
Namespace Prefix: | itt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Immaterial corrections balance sheet. + References No definition available. + Details
Name: | itt_ImmaterialCorrectionsBalanceSheetTableTextBlock
Namespace Prefix: | itt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Immaterial corrections income statement. + References No definition available. + Details
Name: | itt_ImmaterialCorrectionsIncomeStatementTableTextBlock
Namespace Prefix: | itt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration