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DISCONTINUED OPERATIONS (Tables) | 9 Months Ended
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Sep. 30, 2012
Results of Discontinued Operations | The tables below provide the results of discontinued operations through the date of disposal or distribution and certain transformation costs that were incurred by ITT but qualified for classification within discontinued operations.
Three Months Ended September 30, 2011 |  | Exelis |  |  | Xylem |  |  | Other(a) |  |  | Total |
Revenue |  | $ | 1,522.4 |  |  | $ | 939.0 |  |  | $ | — |  |  | $ | 2,461.4 |
Transformation costs |  |  | 11.0 |  |  |  | 45.8 |  |  |  | 56.2 |  |  |  | 113.0 |
Earnings (loss) before income taxes |  |  | 152.5 |  |  |  | 72.4 |  |  |  | (45.7 | ) |  |  | 179.2 |
Income tax expense (benefit) |  |  | 52.7 |  |  |  | 17.5 |  |  |  | (29.0 | ) |  |  | 41.2 |
Income (loss) from discontinued operations |  |  | 99.8 |  |  |  | 54.9 |  |  |  | (16.7 | ) |  |  | 138.0 |
Nine Months Ended September 30, 2011 |  | Exelis |  |  | Xylem |  |  | Other(a) |  |  | Total |
Revenue |  | $ | 4,354.5 |  |  | $ | 2,800.2 |  |  | $ | — |  |  | $ | 7,154.7 |
Transformation costs |  |  | 23.4 |  |  |  | 66.7 |  |  |  | 105.1 |  |  |  | 195.2 |
Earnings (loss) before income taxes |  |  | 409.1 |  |  |  | 294.2 |  |  |  | (98.7 | ) |  |  | 604.6 |
Income tax expense (benefit) |  |  | 142.4 |  |  |  | 74.3 |  |  |  | (43.9 | ) |  |  | 172.8 |
Income (loss) from discontinued operations |  |  | 266.7 |  |  |  | 219.9 |  |  |  | (54.8 | ) |  |  | 431.8 |
| (a) | Amounts presented in the “Other” column in the tables above relate to various divested ITT businesses accounted for as discontinued operations in the year of divestiture for which legacy liabilities remain, as well as certain transformation costs which were directly related to the Distribution that provide no future benefit to the Company. See Note 3, “Company Transformation” for further information.

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- Definition The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 144 -Paragraph 43-48 -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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759 + Details
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