XML 77 R113.htm IDEA: XBRL DOCUMENT v2.4.0.6
Long-Term Incentive Employee Compensation (Details Textual) (USD $)
In Millions, except Per Share data, unless otherwise specified
2 Months Ended 12 Months Ended 12 Months Ended 10 Months Ended 2 Months Ended 10 Months Ended 12 Months Ended 12 Months Ended
Dec. 31, 2011
Y
Dec. 31, 2009
Dec. 31, 2011
Y
Dec. 31, 2010
Dec. 31, 2009
Oct. 31, 2011
Dec. 31, 2011
Maximum [Member]
Dec. 31, 2011
Minimum [Member]
Oct. 31, 2011
Employee Stock Option [Member]
Dec. 31, 2011
Restricted Stock [Member]
Dec. 31, 2010
Restricted Stock [Member]
Oct. 31, 2011
Restricted Stock [Member]
Oct. 31, 2010
Restricted Stock [Member]
Oct. 31, 2009
Restricted Stock [Member]
Dec. 31, 2011
Restricted Stock [Member]
Dec. 31, 2011
TSR Plan Awards [Member]
Dec. 31, 2010
TSR Plan Awards [Member]
Dec. 31, 2009
TSR Plan Awards [Member]
Dec. 31, 2011
Options granted between 2004 and 2009 [Member]
Y
Dec. 31, 2011
Options granted prior to 2004, during 2010 and 2011 [Member]
Y
Dec. 31, 2011
Qualified Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]                                          
Number of shares initially available for awards under this Stock Option plan     4.6                                    
Share available for future grant under stock option 41.1   41.1                                    
Options granted awards with a contractual term                                     7 10  
Cash payments to settle awards                               0 18 21      
Granted , shares   0               0.4 0 0.3 0.3 0.3              
Share-based compensation, vesting period, minimum               7 years                          
Share-based compensation, vesting period, maximum             10 years                            
Converted and Cancelled to the employees of Exelis/Xylem, shares                 1.2     0.5                  
Share cancelled in connection with distribution                             0.5           1.2
Long-Term Incentive Employee Compensation (Textual) [Abstract]                                          
Unrecognized compensation cost related to unvested options and restricted stock $ 22   $ 22                                    
Unrecognized compensation cost weighted average amortization period (years)     3                                    
Transformation costs     13                                    
Non-qualified stock options exercisable period     seven or ten-year periods, except in certain instances of death, retirement or disability. Options granted between 2004 and 2009 were awarded with a contractual term of seven years. Options granted prior to 2004 and during 2010 and 2011 were awarded with a contractual term of ten years.                                    
Intrinsic value of options exercised     30 22 18                                
Cash received from the exercise of stock options     62 35 20                                
Tax benefit realized from stock options exercised     17   11                                
Tax benefit realized with lapses of restricted stock       14                                  
Excess Tax benefit from stock activity     7 6 3                                
ITT's closing stock price $ 19.33   $ 19.33                                    
Exercisable options out of the money     1.7                                    
Total number of stock option expected to vest 7.9   7.9                                    
Weighted average price of stock options expected to vest $ 16.65   $ 16.65                                    
Aggregate intrinsic value of stock options expected to vest 25   25                                    
Weighted average remaining contractual life stock option expected to vest 2.9   2.9                                    
Maturity date of contractual life of 0.2 options     2012-01-02                                    
Restricted Stock Outstanding Vested Shares Till Termination Of Service 0.1   0.1                                    
Performance period for measuring fair value of outstanding awards 3 years                                        
Total number of restricted Stock expected to vest 1.3   1.3                                    
Weighted-average grant date fair value     $ 95.14 $ 29.00 $ 19.20                                
Share-based compensation, vesting period     Over 3 Years                                    
Issuance of shares from treasury account related to equity compensation arrangements     0.8                                    
Target Payout percentage of unvested portion to settle via cash payment for modification of Awards 100.00%                                        
Cash payment to settle TSR modified awards     Less than $1                                    
Outstanding weighted average post exercise price $ 92.20   $ 92.20                                    
Incremental fair value (modification charge)           1                              
Charge after vested awards           9                              
Deferred compensation cost     $ 2                                    
Percentage of restricted stock units outstanding 63.00% 19.00% 63.00% 21.00% 19.00%