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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating Activities      
Net income (loss) $ 125.4 $ (129.5) $ 804.3
Less: Income from discontinued operations 15.9 447.0 934.7
Income (loss) from continuing operations 109.5 (576.5) (130.4)
Adjustments to loss from continuing operations      
Depreciation and Amortization 71.1 71.3 64.2
Stock-based compensation 12.4 11.5 13.7
Asbestos-related costs, net 50.9 100.4 384.8
Transformation costs 20.8 636.2  
Deferred income taxes 34.1 302.4 (110.4)
Asbestos-related payments, net (20.1) (22.0)  
Transformation-related payments (47.3) (355.0)  
Contributions to postretirement plans (71.0) (30.8) (13.7)
Changes in assets and liabilities (net of acquisitions):      
Change in receivables (17.7) (71.0) 1.9
Change in inventories (8.7) (37.0) (39.3)
Change in accounts payable (4.3) 3.3 82.6
Change in accrued expenses (10.1) 34.8 (56.6)
Change in accrued income taxes 84.1 (97.5) (255.8)
Other, net 51.2 (52.4) (15.2)
Net Cash - Operating activities 247.1 (322.4) (74.2)
Investing Activities      
Capital expenditures (83.8) (102.3) (126.3)
Acquisitions, net of cash acquired (193.2) (15.6) (9.5)
Proceeds from sale of discontinued operations and other assets 39.5 10.4 1.2
Purchases of investments (38.2)    
Other, net 1.0 1.0 (0.4)
Net Cash - Investing activities (274.7) (106.5) (135.0)
Financing Activities      
Short-term debt, net (24.8) 3.5 (56.0)
Long-term debt repaid (1.0) (1,318.7) (78.8)
Long-term debt issued 1.3   0.1
Proceeds from issuance of common stock 58.0 60.0 35.5
Repurchase of common stock (116.8) (6.6) (6.0)
Tax benefit from share-based compensation 6.4 7.2 6.0
Dividends paid (34.2) (193.0) (176.4)
Contributions from Exelis and Xylem, net   1,671.0  
Distributions of Exelis and Xylem, net   699.9 525.7
Other, net 3.1 (1.0)  
Net Cash - Financing activities (108.0) 922.3 248.1
Exchange rate effects on cash and cash equivalents (4.0) (9.4) (22.1)
Discontinued operations:      
Operating activities (3.2) 561.2 1,284.4
Investing activities (0.1) (467.3) (984.7)
Financing activities (2.4) (527.1) (503.8)
Exchange rate effects on cash and cash equivalents   6.7 4.0
Net Cash - Discontinued operations (5.7) (426.5) (200.1)
Net change in cash and cash equivalents (145.3) 57.5 (183.3)
Cash and cash equivalents - beginning of year 689.8 1,032.3 1,215.6
Cash and cash equivalents - end of year 544.5 689.8 1,032.3
Less: Cash and cash equivalents of discontinued operations - end of period     (826.3)
Less: Cash and cash equivalents distributed to Exelis and Xylem   (400.0)  
Cash and Cash Equivalents of Continuing Operations - End of Period 544.5 689.8 206.0
Cash paid (received) during the year for:      
Interest 2.3 80.2 91.7
Income taxes, net of refunds received (100.9) 140.0 342.6
Continuing Operations [Member]
     
Adjustments to loss from continuing operations      
Transformation costs $ 13.0 $ 396.1