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DISCONTINUED OPERATIONS (Tables) | 9 Months Ended
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Sep. 30, 2013
Discontinued Operations and Disposal Groups [Abstract] |
Results of Discontinued Operations | Income from discontinued operations for the three and nine months ended September 30, 2012 also includes benefits from a third quarter 2012 asbestos-related settlement agreement related to a business we disposed of a number of years ago and changes in unrecognized tax benefits related to a legacy business. The nine month period also includes certain costs to create the revised organizational structure (referred to as transformation costs) following the spin-offs of Exelis Inc. and Xylem Inc. in the fourth quarter of 2011. Transformation costs included in discontinued operations provide no future benefit to the Company. The table below provides the results of discontinued operations:
Three Months Ended September 30, 2012 |  | Shape Cutting Businesses |  | Other(a) |  | Total
Revenue |  | $ | 8.3 |  |  | $ | — |  |  | $ | 8.3 |
Transformation costs |  | — |  |  | (0.4 | ) |  | (0.4 | )
Earnings before income taxes |  | 0.2 |  |  | 10.4 |  |  | 10.6 |
Income tax benefit |  | — |  |  | (1.7 | ) |  | (1.7 | )
Income from discontinued operations |  | 0.2 |  |  | 12.1 |  |  | 12.3 |
Nine Months Ended September 30, 2012 |  | Shape Cutting Businesses |  | Other(a) |  | Total
Revenue |  | $ | 26.8 |  |  | $ | — |  |  | $ | 26.8 |
Transformation costs |  | — |  |  | 7.8 |  |  | 7.8 |
Earnings before income taxes |  | 0.7 |  |  | 3.2 |  |  | 3.9 |
Income tax expense (benefit) |  | 0.4 |  |  | (2.1 | ) |  | (1.7 | )
Income from discontinued operations |  | 0.3 |  |  | 5.3 |  |  | 5.6 |
(a) | Amounts presented in the “Other” column relate to various divested ITT businesses accounted for as discontinued operations in the year of divestiture for which legacy liabilities remain, as well as transformation costs.

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- Definition Tabular disclosure of disposal groups, which may include 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 classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. + References Reference 1: 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 2: 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 3: 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 4: 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 5: 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 + Details
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