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Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Basic and diluted loss per share

		2011					2010					2009
Loss from continuing operations			$	(578	)			$	(132	)			$	(111	)
Weighted average common shares outstanding				92.2					91.2					90.5
Add: Weighted average restricted stock awards outstanding(a)				0.6					0.8					0.8
Basic weighted average common shares outstanding				92.8					92.0					91.3
Add: Dilutive impact of stock options				N/A					N/A					N/A
Diluted weighted average common shares outstanding				92.8					92.0					91.3
Basic and diluted loss per share			$	(6.23	)			$	(1.44	)			$	(1.21	)

(a) Restricted stock awards containing rights to non-forfeitable dividends which participate in undistributed earnings with common shareholders are considered participating securities for purposes of computing earnings per share.

Number of shares underlying stock options excluded from the computation of diluted loss

		2011					2010					2009
Anti-dilutive stock options				2.1					1.7					1.5
Average exercise price(b)			$	16.70				$	85.08				$	80.58
Years of expiration				2012- 2021					2012- 2020					2012- 2016

(b) The decrease in average exercise price of anti-dilutive stock options from 2010 to 2011 resulted from the change in stock price of ITT common stock following the Distribution.

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 128

-Paragraph 40

-Subparagraph c

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations.

+ References

No definition available.

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