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Entity Information shares in Millions, $ in Millions	6 Months Ended
Entity Information shares in Millions, $ in Millions	Jun. 30, 2009 USD ($) shares
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2009
Entity Information [Line Items]
Entity Registrant Name	ITT Corporation
Entity Central Index Key	0000216228
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float \| $	$ 8,119.0
Entity Listings [Line Items]
Entity Common Stock, Shares Outstanding \| shares	182.4

- USD ($) $ / shares in Units, shares in Millions	3 Months Ended		6 Months Ended
- USD ($) $ / shares in Units, shares in Millions	Jun. 30, 2009	Jun. 30, 2008	Jun. 30, 2009	Jun. 30, 2008
Statement [Line Items]
Product Sales	$ 2,129,300,000	$ 2,420,100,000	$ 4,095,000,000	$ 4,642,900,000
Service Revenues	650,700,000	644,000,000	1,242,100,000	1,227,600,000
Total Sales and Revenues	2,780,000,000	3,064,100,000	5,337,100,000	5,870,500,000
Costs of Product Sales	1,438,100,000	1,636,900,000	2,808,900,000	3,171,200,000
Costs of Service Revenues	563,100,000	560,100,000	1,080,300,000	1,071,300,000
Total Costs of Sales and Revenues	2,001,200,000	2,197,000,000	3,889,200,000	4,242,500,000
Gross Profit	778,800,000	867,100,000	1,447,900,000	1,628,000,000
Selling, General and Administrative Expenses	393,900,000	445,800,000	777,900,000	866,400,000
Research and Development Expenses	57,300,000	59,200,000	110,200,000	111,800,000
Restructuring and Asset Impairment Charges, Net	20,400,000	7,300,000	31,100,000	10,900,000
Operating Income (Loss)	307,200,000	354,800,000	528,700,000	638,900,000
Interest Expense	22,900,000	31,400,000	49,300,000	72,000,000
Interest Income	3,800,000	7,900,000	8,100,000	16,300,000
Miscellaneous Expense, Net	2,500,000	3,700,000	5,400,000	6,700,000
Income (Loss) from Continuing Operations Before Income Tax Expense	285,600,000	327,600,000	482,100,000	576,500,000
Income Tax Expense (Benefit)	83,000,000	103,300,000	93,000,000	181,300,000
Income (Loss) from Continuing Operations	202,600,000	224,300,000	389,100,000	395,200,000
Income (Loss) from Discontinued Operations, Net of Tax	(1,200,000)	(3,300,000)	(3,600,000)	(2,300,000)
Net Income (Loss)	$ 201,400,000	$ 221,000,000	$ 385,500,000	$ 392,900,000
Earnings Per Share - Basic:
Income (Loss) from Continuing Operations, Per Basic Share	$ 1.11	$ 1.23	$ 2.13	$ 2.17
Income (Loss) from Discontinued Operations, Net of Tax, Per Basic Share	(0.01)	(0.02)	(0.02)	(0.01)
Net Income, Per Basic Share	1.1	1.21	2.11	2.16
Earnings Per Share - Diluted:
Income (Loss) from Continuing Operations, Per Diluted Share	1.1	1.21	2.12	2.14
Income (Loss) from Discontinued Operations, Net of Tax, Per Diluted Share	0	(0.02)	(0.02)	(0.01)
Net Income, Per Diluted Share	$ 1.1	$ 1.19	$ 2.1	$ 2.13
Cash Dividends Declared Per Common Share	$ 0.2125	$ 0.175	$ 0.425	$ 0.35
Average Common Shares Outstanding, Basic	182.5	182.3	182.3	182.0
Average Common Shares Outstanding, Diluted	183.6	184.9	183.4	184.6

- USD ($)
$ in Millions

Jun. 30, 2009

Dec. 31, 2008

Assets

Cash and Cash Equivalents

$ 1,019.0

$ 964.9

Receivables, Net

1,900.3

1,961.1

Inventory, Net

858.0

803.8

Current Deferred Tax Assets

204.3

203.4

Other Current Assets

151.7

131.0

Total Current Assets

4,133.3

4,064.2

Property, Plant and Equipment, Net

984.5

993.9

Non-Current Deferred Tax Assets

590.1

608.5

Goodwill

3,847.8

3,831.3

Other Intangible Assets, Net

574.9

616.5

Other Assets

421.3

365.8

Total Non-Current Assets

6,418.6

6,416.0

Total Assets

10,551.9

10,480.2

Liabilities and Shareholders' Equity

Accounts Payable

1,316.4

1,234.6

Accrued Expenses

945.8

991.2

Accrued Taxes

67.3

30.2

Short-Term Debt and Current Maturities of Long-Term Debt

355.3

1,679.0

Pension and Postretirement Benefits

68.8

Current Deferred Tax Liabilities

27.2

26.7

Total Current Liabilities

2,780.8

4,030.5

Pension Benefits

1,694.4

1,689.9

Postretirement Benefits Other Than Pensions

447.7

451.7

Long-Term Debt

1,456.4

467.9

Other Liabilities

713.6

780.3

Total Non-Current Liabilities

4,312.1

3,389.8

Total Liabilities

7,092.9

7,420.3

Shareholders' Equity:

Common Stock

^[1]

181.1

180.6

Retained Earnings

4,533.3

4,203.0

Accumulated Other Comprehensive Income (Loss):

Pension and Other Benefits

(1,514.1)

(1,534.1)

Cumulative Translation Adjustments

258.0

209.8

Unrealized Gain on Investment Securities

0.7

0.6

Total Accumulated Other Comprehensive Income (Loss)

(1,255.4)

(1,323.7)

Total Shareholders' Equity

3,459.0

3,059.9

Total Liabilities and Shareholders' Equity

$ 10,551.9

$ 10,480.2

[1]	Shares outstanding include unvested restricted common stock of 1.3 and 1.1 at June 30, 2009 and December 31, 2008, respectively.

- USD ($) $ in Millions	3 Months Ended		6 Months Ended
- USD ($) $ in Millions	Jun. 30, 2009	Jun. 30, 2008	Jun. 30, 2009	Jun. 30, 2008
Operating Activities
Net Income	$ 201.4	$ 221.0	$ 385.5	$ 392.9
Income (Loss) from Discontinued Operations, Net of Tax	(1.2)	(3.3)	(3.6)	(2.3)
Income (Loss) from Continuing Operations	$ 202.6	$ 224.3	389.1	395.2
Adjustments to Income from Continuing Operations:
Depreciation and Amortization			142.8	148.6
Stock-based Compensation			15.8	15.0
Restructuring and Asset Impairment Charges, Net			31.1	10.9
Payments for Restructuring			(46.0)	(28.7)
Change in Receivables			67.3	(68.4)
Change in Inventories			(49.5)	(15.0)
Change in Accounts Payable			59.9	23.6
Change in Accrued Liabilities			(9.3)	11.2
Change in Accrued and Deferred Taxes			(11.5)	16.5
Change in Other Current and Noncurrent Assets			(48.8)	(29.1)
Change in Other Current and Noncurrent Liabilities			(1.0)	5.4
Other Operating Activities, Net			8.9	5.0
Increase (Decrease) in over (under) Energy Recovery [Abstract]
Net Cash - Operating Activities			548.8	490.2
Investing Activities
Capital Expenditures			(87.2)	(79.4)
Acquisitions, Net of Cash			(34.6)	(229.0)
Proceeds from Sale of Assets and Businesses			13.9	2.3
Other Investing Activities, Net			4.1	(0.9)
Net Cash - Investing Activities			(103.8)	(307.0)
Financing Activities
Short-term Debt, Net			(1,322.6)	(1,143.5)
Long-term Debt Repaid			(3.8)	(14.5)
Long-term Debt Issued			992.1	0.5
Proceeds from Issuance of Common Stock			1.6	22.0
Dividends Paid			(70.4)	(57.2)
Tax Impact from Stock Option Exercises and Restricted Stock Lapses			(0.7)	3.5
Other Financing Activities, Net			(0.3)	(2.7)
Net Cash - Financing Activities			(404.1)	(1,191.9)
Exhange Rate Effects on Cash and Cash Equivalents			14.5	54.8
Net Cash from Discontinued Operations			(1.3)	(8.4)
Net Cash - Discontinued Operations:
Net Change in Cash and Cash Equivalents			54.1	(962.3)
Cash and Cash Equivalents, Beginning of Period			964.9	1,840.0
Cash and Cash Equivalents, End of Period			1,019.0	877.7
Supplemental Disclosures of Cash Flow Information
Cash Paid During the Year for Interest			42.2	64.3
Cash Paid During the Year for Income Taxes			$ 105.1	$ 161.3

Recent Accounting Pronouncements

6 Months Ended

Jun. 30, 2009

Recent Accounting Pronouncements [Abstract]

Recent Accounting Pronouncements [Text Block]

2) Recent Accounting Pronouncements

Pronouncements Not Yet Adopted

In June 2009, the Financial Accounting Standards Board (“FASB”) issued Statement of Financial Accounting Standards (“SFAS”) No. 168, “The FASB Accounting Standards CodificationTM and the Hierarchy of Generally Accepted Accounting Principles, a replacement of FASB Statement No. 162” (“SFAS 168”), which establishes the FASB Accounting Standards Codification as the source of authoritative GAAP in the United States. SFAS 168 is effective for financial statements issued for interim or annual periods ending after September 15, 2009. The adoption of SFAS 168 will not have a material impact on our consolidated financial statements.

In June 2009, the FASB issued SFAS No. 167, “Amendments to FASB Interpretation No. 46(R)” (“SFAS 167”). SFAS 167 amends FIN 46(R), “Consolidation of Variable Interest Entities (revised December 2003)—an interpretation of ARB No. 51”, to require an enterprise to perform ongoing reassessments to determine whether the enterprise’s variable interest or interests give it a controlling financial interest in a variable interest entity (“VIE”). The primary beneficiary of a variable interest entity is defined as one with the power to direct the activities of a VIE that most significantly impact the entity’s economic performance and the obligation to absorb losses of the entity that could potentially be significant to the variable interest. SFAS 167 is effective on January 1, 2010. We are currently evaluating the potential impact, if any, that the adoption of SFAS 167 will have on our consolidated financial statements.

In December 2008, the FASB issued FASB Staff Position (“FSP”) No. FAS 132(R)-1, “Employers’ Disclosure about Postretirement Benefit Plan Assets,”(“FSP 132(R)-1”), which amends SFAS No. 132(R), “Employers’ Disclosure about Pensions and Other Postretirement Plans,” to require more disclosures about employers’ plan assets of a defined benefit pension or other postretirement plan, including employers’ investing strategies, major categories of plan assets, concentrations of risk within plan assets, information about fair value measurements of plan assets that are similar to the disclosures about fair value measurements required by SFAS No. 157, “Fair Value Measurements” (“SFAS 157”), and valuation techniques used to measure the fair value of plan assets. FSP 132(R)-1 is effective for fiscal years ending after December 15, 2009 with early application permitted. FSP 132(R)-1 will not have an impact to our financial results as the pronouncement is disclosure only in nature.

Recently Adopted Accounting Pronouncements

In May 2009, the FASB issued SFAS No. 165, “Subsequent Events” (“SFAS 165”), which sets forth the general standards of accounting for, and the disclosure of, events that occur after the balance sheet date but before financial statements are issued or available to be issued. SFAS 165 defines the period after the balance sheet date during which management of a reporting entity should evaluate events or transactions that may occur for potential recognition in the financial statements, identifies the circumstances under which an entity should recognize events or transactions occurring after the balance sheet date in its financial statements and the disclosures that should be made about events or transactions that occur after the balance sheet date. We adopted SFAS 165 in the second quarter of 2009 and evaluated subsequent events after the balance sheet date through August 3, 2009.

In April 2009, the FASB issued FSP No. FAS 157-4, “Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly” (“FSP 157-4”). FSP 157-4 provides additional guidance on determining fair value when the volume and level of activity for an asset or liability have significantly decreased. FSP 157-4 also includes guidance on identifying circumstances that indicate a transaction is not orderly. FSP 157-4 requires the disclosure of the inputs and valuation technique(s) used to measure fair value and a discussion of changes in valuation techniques and related inputs, if any, during the period. The adoption of FSP 157-4 during the second quarter of 2009 did not have a material impact on our consolidated financial statements.

In April 2009, the FASB issued FSP No. FAS 107-1 and APB 28-1, “Interim Disclosures About Fair Value of Financial Instruments”, which requires quarterly disclosure of information about the fair value of financial instruments within the scope of SFAS No. 107, “Disclosures about Fair Value of Financial Instruments.” The adoption of FSP FAS 107-1 and APB 28-1 during the second quarter of 2009 did not have an impact on our consolidated financial results as it is disclosure only in nature.

In June 2008, the FASB issued FSP No. EITF 03-6-1, “Determining Whether Instruments Granted in Share-Based Payment Transactions are Participating Securities” (“FSP 03-6-1”). FSP 03-6-1 concluded that all outstanding unvested share-based payment awards that contain rights to nonforfeitable dividends participate in undistributed earnings with common shareholders and therefore are considered participating securities for purposes of computing earnings per share. Entities that have participating securities that are not convertible into common stock are required to use the “two-class” method of computing earnings per share. The two-class method is an earnings allocation formula that determines earnings per share for each class of common stock and participating security according to dividends declared (or accumulated) and participation rights in undistributed earnings. The adoption of FSP 03-6-1 on January 1, 2009 did not have a material effect on our financial statements. For comparability purposes, prior period earnings per share amounts have been adjusted to reflect the impact of adoption as follows:

	Three Months Ended — 2008				Full Year
	March 31	June 30	September 30	December 31	2008
Earnings Per Share — As Reported
Basic earnings per share from continuing operations	$ 0.94	$ 1.24	$ 1.13	$ 0.97	$ 4.29
Basic earnings per share from net income	$ 0.95	$ 1.22	$ 1.20	$ 1.03	$ 4.40
Average common shares outstanding – Basic	180.7	181.0	180.6	180.5	180.7

Diluted earnings per share from continuing operations	$ 0.93	$ 1.22	$ 1.11	$ 0.96	$ 4.23
Diluted earnings per share from net income	$ 0.94	$ 1.20	$ 1.18	$ 1.02	$ 4.33
Average common shares outstanding – Diluted	183.4	184.3	183.8	182.4	183.4

Earnings Per Share — As Adjusted
Basic earnings per share from continuing operations	$ 0.94	$ 1.23	$ 1.12	$ 0.97	$ 4.26
Basic earnings per share from net income	$ 0.95	$ 1.21	$ 1.19	$ 1.02	$ 4.37
Average common shares outstanding – Basic	181.8	182.3	181.9	181.7	181.9

Diluted earnings per share from continuing operations	$ 0.93	$ 1.21	$ 1.11	$ 0.96	$ 4.21
Diluted earnings per share from net income	$ 0.93	$ 1.19	$ 1.17	$ 1.01	$ 4.32
Average common shares outstanding – Diluted	184.0	184.9	184.4	182.9	184.0

In December 2007, the FASB issued SFAS No. 141 (revised 2007), “Business Combinations” (“SFAS 141(R)”), which replaced SFAS No. 141, “Business Combinations” (“SFAS 141”). SFAS 141(R) retains the fundamental requirements in SFAS 141 that the acquisition method of accounting be used for all business combinations and for an acquirer to be identified for each business combination. However, SFAS 141(R) changes the method of applying the acquisition method of accounting in a number of significant areas, including that acquisition costs will generally be expensed as incurred; noncontrolling interests will be valued at fair value at the acquisition date; in-process research and development will be recorded at fair value as an indefinite-lived intangible asset at the acquisition date; restructuring costs associated with a business combination will generally be expensed subsequent to the acquisition date; and changes in deferred tax asset valuation allowances and income tax uncertainties after the acquisition date generally will affect income tax expense. We adopted SFAS 141(R) on a prospective basis for all business combinations for which the acquisition date was on or after January 1, 2009, with the exception of the accounting for valuation allowances on deferred taxes and acquired tax contingencies. SFAS 141(R) amended SFAS No. 109, “Accounting for Income Taxes,” such that adjustments made to valuation allowances on deferred taxes and acquired tax contingencies associated with acquisitions that closed prior to the effective date of SFAS 141(R) would also apply the provisions of SFAS 141(R). See Note 6, “Income Taxes,” in the Notes to Consolidated Financial Statements of the 2008 Annual Report on Form 10-K for further discussion. While SFAS 141(R) did not have a material impact on our financial statements upon adoption, the effects on future periods will depend upon the nature and significance of future business combinations.

In December 2007, the FASB issued SFAS No. 160, “Noncontrolling Interests in Consolidated Financial Statements — an amendment of ARB No. 51” (“SFAS 160”), which requires the recognition of a noncontrolling interest (minority interest) as a separate component within equity within the consolidated balance sheet. SFAS 160 also requires the amount of consolidated net income attributable to the parent and the noncontrolling interest be clearly identified and presented within the consolidated statement of income. SFAS 160 also amends certain of the consolidation procedures in ARB No. 51, “Consolidated Financial Statements” to make them consistent with the requirements of SFAS 141(R). Adoption of SFAS 160 on January 1, 2009 did not have a material effect on our financial statements.

In September 2006, the FASB issued SFAS 157 which defines fair value, establishes a framework for measuring fair value and expands the related disclosure requirements and, as issued, was effective for fiscal years beginning after November 15, 2007. In February 2008, the FASB issued FSP 157-2, “Effective Date of FASB Statement No. 157” (“FSP 157-2”), which delayed the effective date of SFAS 157 for all nonfinancial assets and nonfinancial liabilities, except those that are recognized or disclosed at fair value in the financial statements on a recurring basis, until fiscal years beginning after November 15, 2008. We adopted SFAS 157 in the first quarter of 2008, except for items within the scope of FSP 157-2. We applied the provisions for items within the scope of FSP 157-2 in first quarter of 2009. In October 2008, the FASB issued FSP No. 157-3, “Determining the Fair Value of a Financial Asset When the Market for That Asset is Not Active” (“FSP 157-3”), which clarified the application of SFAS 157 in a market that is not active and provides an example of how to determine the fair value of a financial asset in an inactive market. FSP 157-3 was adopted in the third quarter of 2008. The adoption of SFAS 157, as amended by FSP 157-2 and FSP 157-3, did not have a material effect on our financial statements.

Restructuring and Asset Impairment Charges

6 Months Ended

Jun. 30, 2009

Restructuring and Asset Impairment Charges [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

4) Restructuring and Asset Impairment Charges

Second Quarter 2009 Restructuring Activities

During the second quarter of 2009, we recorded a net restructuring charge of $20.4, reflecting costs of $13.4 related to new actions and $7.5 related to prior actions, as well as the reversal of $0.5 of restructuring accruals that management determined would not be required. The charges associated with actions announced during the second quarter of 2009 primarily represent severance costs associated with headcount reductions within the Fluid Technology and Motion & Flow Control business segments. Planned position eliminations relating to current quarter actions total 375, including 211 factory workers, 160 office workers and four management employees. The costs recognized during the quarter for previous actions reflect additional severance and lease cancellation costs.

	2009 Actions— Three Months Ended June 30
Components of Charge	Severance	Other Employee Related Costs	Asset Write-offs	Total	Planned Position Eliminations	Prior Actions Additional Costs	Reversal of Accruals
Fluid Technology	$ 6.9	$ —	$ —	$ 6.9	138	$ 4.2	$ (0.1)
Motion & Flow Control	4.5	0.3	0.4	5.2	191	0.8	(0.2)
Defense Electronics & Services	0.6	—	—	0.6	39	2.5	—
Corporate and Other	0.5	0.2	—	0.7	7	—	(0.2)
	$ 12.5	$ 0.5	$ 0.4	$ 13.4	375	$ 7.5	$ (0.5)

First Six Months 2009 Restructuring Activities

During the first six months of 2009, we recorded a net restructuring charge of $31.1, reflecting costs of $22.7 related to new actions and $9.1 related to prior years’ plans, as well as the reversal of $0.7 of restructuring accruals that management determined would not be required. The charges associated with actions announced during the first six months of 2009 primarily represent severance costs associated with reductions in headcount within the Fluid Technology and Motion & Flow Control business segments. Planned position eliminations relating to this period total 526, including 222 factory workers, 287 office workers and 17 management employees. The costs recognized during the first half of 2009 related to prior years’ plans of $9.1 primarily reflect additional severance and lease cancellation costs.

	2009 Actions— Six Months Ended June 30
Components of Charge	Severance	Other Employee Related Costs	Lease Cancellation & Other Costs	Asset Write-offs	Total	Planned Position Eliminations	Prior Years’ Plans Additional Costs	Reversal of Accruals
Fluid Technology	$ 14.0	$ 0.2	$ 0.9	$ 0.3	$ 15.4	253	$ 3.8	$ (0.3)
Motion & Flow Control	5.2	0.3	—	0.4	5.9	223	2.5	(0.2)
Defense Electronics & Services	0.6	—	—	—	0.6	39	2.8	—
Corporate and Other	0.6	0.2	—	—	0.8	11	—	(0.2)
	$ 20.4	$ 0.7	$ 0.9	$ 0.7	$ 22.7	526	$ 9.1	$ (0.7)

Second Quarter 2008 Restructuring Activities

During the second quarter of 2008, we recorded a net restructuring charge of $7.3, reflecting costs of $4.1 related to new actions and $4.2 related to prior actions, as well as the reversal of $1.0 of restructuring accruals that management determined would not be required. The charges associated with actions announced during the second quarter of 2008 represented a reduction of structural costs. Planned position eliminations totaled 49, including 13 factory workers, 32 office workers and four management employees. The costs associated with prior actions primarily reflected additional severance costs, as well as move related and lease cancellation costs.

	2008 Actions — Three Months Ended June 30
Components of Charge	Severance	Lease Cancellation & Other Costs	Total	Planned Position Eliminations	Prior Actions Additional Costs	Reversal of Accruals
Fluid Technology	$ 2.2	$ —	$ 2.2	27	$ 1.8	$ (0.6)
Motion & Flow Control	0.3	—	0.3	9	2.2	(0.2)
Defense Electronics & Services	1.3	0.3	1.6	13	0.1	(0.2)
Corporate and Other	—	—	—	—	0.1	—
	$ 3.8	$ 0.3	$ 4.1	49	$ 4.2	$ (1.0)

First Six Months 2008 Restructuring Activities

During the first six months of 2008, we recorded a net restructuring charge of $10.9, reflecting costs of $6.3 related to new actions and $5.8 related to prior year plans, as well as the reversal of $1.2 of restructuring accruals that management determined would not be required. The charges associated with actions announced during the first six months of 2008 represented a reduction of structural costs. Planned position eliminations totaled 74, including 13 factory workers, 51 office workers and 10 management employees. The costs associated with prior years’ plans primarily reflected severance costs, as well as move related and lease cancellation costs.

	2008 Actions — Six Months Ended June 30
Components of Charge	Severance	Other Employee Related Costs	Lease Cancellation & Other Costs	Total	Planned Position Eliminations	Prior Years’ Plans Additional Costs	Reversal of Accruals
Fluid Technology	$ 3.2	$ 0.2	$ 0.3	$ 3.7	50	$ 2.7	$ (0.6)
Motion & Flow Control	0.4	—	—	0.4	10	3.0	(0.4)
Defense Electronics & Services	1.3	—	0.3	1.6	13	0.1	(0.2)
Corporate and Other	0.5	—	0.1	0.6	1	—	—
	$ 5.4	$ 0.2	$ 0.7	$ 6.3	74	$ 5.8	$ (1.2)

The restructuring accrual balance as of June 30, 2009 of $42.2, presented on our Consolidated Condensed Balance Sheet within current accrued liabilities, includes $36.3 for accrued severance and $5.9 for accrued facility carrying costs and other. The following table displays a rollforward of the restructuring accruals for the six months ended June 30, 2009.

	Fluid Technology	Defense Electronics & Services	Motion & Flow Control	Corporate and Other	Total
Balance December 31, 2008	$ 25.9	$ 10.5	$ 20.3	$ 1.7	$ 58.4
Additional charges for prior years’ plans	3.8	2.8	2.5	—	9.1
Reversals of prior year charges	(0.3)	—	(0.2)	(0.2)	(0.7)
Cash payments and other related to prior years’ plans	(20.9)	(6.5)	(11.9)	(0.8)	(40.1)
Charges for 2009 actions	15.4	0.6	5.9	0.8	22.7
Cash payments and other related to 2009 actions	(3.7)	(1.0)	(1.6)	(0.2)	(6.5)
Asset write-offs	(0.3)	—	(0.4)	—	(0.7)
Balance June 30, 2009	$ 19.9	$ 6.4	$ 14.6	$ 1.3	$ 42.2

The following table displays a rollforward of employee positions eliminated associated with restructuring activities through June 30, 2009.

Planned reductions as of December 31, 2008	510
Planned reductions from 2009 actions	526
Actual reductions, January 1 — June 30, 2009	(768)
Planned reductions as of June 30, 2009	268

As of June 30, 2009, all announced planned facility closures have been completed.

Employee Benefit Plans

6 Months Ended

Jun. 30, 2009

Employee Benefit Plans [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

5) Employee Benefit Plans

Components of net periodic benefit cost were as follows:

	Pension				Other Benefits
	Three Months Ended June 30		Six Months Ended June 30		Three Months Ended June 30		Six Months Ended June 30
	2009	2008	2009	2008	2009	2008	2009	2008
Service cost	$ 25.6	$ 24.2	$ 51.2	$ 48.4	$ 2.0	$ 2.1	$ 4.0	$ 4.2
Interest cost	81.6	81.6	163.2	163.3	10.6	10.7	21.2	21.4
Expected return on plan assets	(108.4)	(110.4)	(216.8)	(220.7)	(4.5)	(6.9)	(9.0)	(13.8)
Amortization of prior service cost	0.9	0.8	1.8	1.6	0.9	0.9	1.8	1.8
Amortization of actuarial loss	10.4	3.7	20.8	7.5	3.8	1.2	7.6	2.3
Total net periodic benefit cost	$ 10.1	$ (0.1)	$ 20.2	$ 0.1	$ 12.8	$ 8.0	$ 25.6	$ 15.9

ITT contributed approximately $5.2 and $10.6 to its various plans during the second quarter and first six months of 2009, respectively. Additional contributions ranging between $38.0 and $43.0 are expected over the balance of 2009. See Note 16, “Employee Benefit Plans,” in the Notes to Consolidated Financial Statements of the 2008 Annual Report on Form 10-K for additional details.

Goodwill and Other Intangible Assets, Net

6 Months Ended

Jun. 30, 2009

Goodwill and Other Intangible Assets, Net [Abstract]

Goodwill and Other Intangible Assets, Net [Text Block]

11) Goodwill and Other Intangible Assets, Net

Changes in the carrying amount of goodwill for the six months ended June 30, 2009 by business segment are as follows:

	Defense Electronics & Services	Fluid Technology	Motion & Flow Control	Corporate and Other	Total
Balance as of January 1, 2009	$ 2,210.6	$ 1,122.3	$ 493.4	$ 5.0	$ 3,831.3
Goodwill acquired during the period	—	15.5	—	—	15.5
Adjustments to purchase price allocations	—	(0.8)	—	—	(0.8)
Other — net, including foreign currency translation	(2.2)	12.8	(8.8)	—	1.8
Balance as of June 30, 2009	$ 2,208.4	$ 1,149.8	$ 484.6	$ 5.0	$ 3,847.8

Information regarding other intangible assets is as follows:

	June 30, 2009			December 31, 2008
	Gross Carrying Amount	Accumulated Amortization	Other Intangibles Net	Gross Carrying Amount	Accumulated Amortization	Other Intangibles Net
Finite-lived intangibles:
Customer relationships	$ 642.4	$ (194.1)	$ 448.3	$ 643.7	$ (149.9)	$ 493.8
Proprietary technology	67.7	(17.8)	49.9	68.4	(20.2)	48.2
Trademarks	33.2	(6.0)	27.2	32.1	(4.9)	27.2
Patents and other	58.4	(27.2)	31.2	54.7	(25.7)	29.0
Indefinite-lived intangibles:
Brands and trademarks	18.3	—	18.3	18.3	—	18.3
	$ 820.0	$ (245.1)	$ 574.9	$ 817.2	$ (200.7)	$ 616.5

Amortization expense related to intangible assets for the six month periods ending June 30, 2009 and 2008 was $50.9 and $56.0, respectively. Estimated amortization expense for intangible assets is $78.1, $68.6, $59.1, $43.1 and $38.3 for each year from 2010 to 2014, respectively.

Commitments and Contingencies

6 Months Ended

Jun. 30, 2009

Commitments and Contingencies [Abstract]

Commitments and Contingencies Disclosure [Text Block]

16) Commitments and Contingencies

ITT Corporation and its subsidiaries from time to time are involved in legal proceedings that are incidental to the operation of their businesses. Some of these proceedings allege damages relating to environmental liabilities, intellectual property matters, copyright infringement, personal injury claims, employment and pension matters, government contract issues and commercial or contractual disputes, sometimes related to acquisitions or divestitures. ITT will continue to vigorously defend itself against all claims. Although the ultimate outcome of any legal matter cannot be predicted with certainty, based on present information including our assessment of the merits of the particular claim, as well as our current reserves and insurance coverage, we do not expect that such legal proceedings will have any material adverse impact on the cash flow, results of operations, or financial condition of ITT on a consolidated basis in the foreseeable future, unless otherwise noted below.

See “Critical Accounting Estimates” within Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations, of the ITT 2008 Annual Report on Form 10-K, for a discussion of contingent liabilities, including the related estimates, assumptions, uncertainties, and potential financial statement impact from revisions to our estimates.

Environmental

In the ordinary course of business, ITT is subject to federal, state, local, and foreign environmental laws and regulations. ITT is responsible, or is alleged to be responsible, for ongoing environmental investigation and remediation of sites in various countries. These sites are in various stages of investigation and/or remediation and in many of these proceedings ITT’s liability is considered de minimis. ITT has received notification from the U.S. Environmental Protection Agency, and from similar state and foreign environmental agencies, that a number of sites formerly or currently owned and/or operated by ITT, and other properties impacted from those operations, contain disposed or recycled materials or wastes and require environmental investigation and/or remediation. These sites include instances where ITT has been identified as a potentially responsible party under federal and state environmental laws and regulations.

Accruals for environmental matters are recorded on a site by site basis when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated, based on current law and existing technologies. ITT’s accrued liabilities for these environmental matters represent the best estimates related to the investigation and remediation of environmental media such as water, soil, soil vapor, air and structures, as well as related legal fees. These estimates, and related accruals, are reviewed periodically and updated for progress of investigation and remediation efforts and changes in facts and legal circumstances. Liabilities for these environmental expenditures are recorded on an undiscounted basis.

It is difficult to estimate the final total costs of investigation and remediation due to various factors, including incomplete information regarding particular sites and other potentially responsible parties, uncertainty regarding the extent of investigation or remediation and our share, if any, of liability for such conditions, the selection of alternative remedial approaches, and changes in environmental standards and regulatory requirements. In management’s opinion, the total amount accrued is appropriate based on existing facts and circumstances. Management does not anticipate that these liabilities will have a material adverse effect on the consolidated financial position, results of operations or cash flows.

The following table illustrates the activity related to ITT’s accrued liabilities for these environmental matters.

	2009
Beginning balance January 1	$ 135.0
Change in estimates for pre-existing accruals, foreign exchange and other	10.1
Payments	(8.1)
Ending balance June 30	$ 137.0

The following table illustrates the low- and high-end range of estimated liability, and number of active sites for these environmental matters as of June 30, 2009.

	June 30, 2009
Low-end range	$ 109.5
High-end range	$ 246.7
Number of active environmental investigation and remediation sites	98

In a suit filed in 1991, in the California Superior Court, Los Angeles County, ITT Corporation, et al. v. Pacific Indemnity Corporation et al., against our insurers, we are seeking recovery of costs incurred in connection with certain environmental liabilities. Discovery, procedural matters, changes in California law, and various appeals have prolonged this case. For several years, the case had been on appeal before the California Court of Appeals from a decision by the California Superior Court dismissing certain claims made by ITT. The dismissed claims were claims where the costs incurred were solely due to administrative (versus judicial) actions. However, in April 2007, the Superior Court vacated its earlier ruling, dismissing the claims based on the California Supreme Court’s decision in Powerine Oil Co. v. Superior Court. As a result, the Court of Appeals dismissed the appeal as moot. The case is now back before the Superior Court and the parties are engaged in further discovery. During the course of the litigation, we have negotiated settlements with certain defendant insurance companies and are prepared to pursue legal remedies where reasonable negotiations are not productive.

Product Liability and Other Matters

ITT, including its subsidiary Goulds Pumps, Inc. (“Goulds”), has been joined as a defendant with numerous other companies in product liability lawsuits alleging injury due to asbestos. These claims allege that our products sold prior to 1985 contained a part manufactured by a third party, e.g., a gasket, which contained asbestos. The asbestos was encapsulated in the gasket (or other) material and was non-friable. In certain other cases, it is alleged that former ITT companies were distributors for other manufacturers’ products that may have contained asbestos.

As of June 30, 2009, there were 102,227 open claims against ITT. Frequently, the plaintiffs are unable to demonstrate any injury or do not identify any ITT or Goulds product as a source of asbestos exposure. During the first six months of 2009, we resolved 2,970 claims. Most of these claims were dismissed, with settlement on a modest percentage of claims. The average amount of settlement per claim has been nominal. Additionally, a large majority of all defense and settlement costs have been covered by insurance. Within the past several years, we have negotiated coverage-in-place agreements with our more significant insurance carriers. We are continuing to seek payment for our net exposure to these costs from our other insurers.

Our estimated accrued costs, net of expected insurance recoveries, for the resolution of all pending claims, were $29.4 and $27.6 as of June 30, 2009 and December 31, 2008, respectively.

The table below provides additional information regarding asbestos-related claims filed against ITT.

	2009
Open claims — January 1	103,006
New claims filed	2,191
Claims closed	(2,970)
Open claims — June 30	102,227

Although it is impossible to predict the ultimate outcome of current open claims, based on current information, our experience in handling these matters, and our substantial insurance program, we do not believe that these claims will have a material adverse effect on our consolidated financial position, results of operations or cash flows.

While it is probable that we will incur additional costs for claims to be filed in the future, these additional costs are not reasonably estimable at this time. As part of the coverage-in-place agreements, we have assumed the primary responsibility for administering our asbestos-related claims. Prior to these agreements, the asbestos claims were administered and paid by our primary insurance carriers and, as a result, we only have limited information about those claims. We have engaged an outside consultant to construct a comprehensive database of existing claims. The database is expected to provide additional information about the nature of the claims and will allow us to re-assess whether a reasonable estimate of future claims and associated costs can be developed. This effort is anticipated to be completed in the second half of 2009. It is possible that the estimated costs of these future claims, net of expected insurance recoveries, may be material to our results of operations in the period when recorded.

We provide an indemnity to U.S. Silica Company for silica personal injury suits filed prior to September 12, 2005 against our former subsidiary Pennsylvania Glass Sand (“PGS”). ITT sold the stock of PGS to U.S. Silica Company in 1985. Over the past several years, the majority of the silica cases involving PGS have been dismissed without payment. Currently there are less than 4,000 cases pending against PGS. The Company expects that the majority of the remaining cases will also be dismissed. Our indemnity had been paid in part by our historic product liability carrier, however, in September 2005, the carrier communicated to us that it would no longer provide insurance for these claims. On October 4, 2005, we filed a suit against the insurer, ITT v. Pacific Employers Insurance Co., CA No. 05CV 5223, in the Superior Court for Los Angeles, CA, seeking defense costs and indemnity from the insurance carrier for Pennsylvania Glass Sand product liabilities. In April 2007, the Court granted our motion for summary judgment on the carrier’s duty to defend the silica cases; however, that decision was overturned on appeal. The matter was returned to the Superior Court in part for determination of several factual issues. We will continue to seek past and future defense costs for these cases from this carrier. We believe that these matters will not have a material adverse effect on our consolidated financial position, results of operations or cash flows. All silica-related costs, net of insurance recoveries, are shared pursuant to the Distribution Agreement. Further information on the Distribution Agreement is provided within the “Business – Company History and Certain Relationships” section of our 2008 Annual Report of Form 10-K.

On October 25, 2006, Fencourt Reinsurance Company (“Fencourt”), a subsidiary of The Hartford, filed a contribution claim against ITT for losses incurred by Fencourt as a result of a reinsurance contract obligation it owes to Century Indemnity Company, in the U.S. District Court for the Eastern District of Pennsylvania, Fencourt Reinsurance Co., Ltd. v. ITT Industries, Inc. (C.A. No. 06-4786 U.S. D.Ct E.D.PA). Century Indemnity Company was an insurer of ITT’s Domestic Casualty Program from 1978 through 1992. Fencourt, formed in 1978, was a captive insurer of the predecessor ITT Corporation and provided reinsurance to Century for certain ITT self-insured losses. Fencourt was transferred to The Hartford in the demerger of ITT in 1995. This matter is covered by the 1995 Distribution Agreement and that agreement contains clear language that The Hartford agreed to assume the liabilities of Fencourt and indemnify ITT against all claims against Fencourt. The case is stayed pending the resolution of an arbitration proceeding pending before the American Arbitration Association in New Jersey. On January 20, 2009, the arbitrator issued a favorable decision that ITT is not liable for the losses incurred by Fencourt. The parties have asked the arbitrator to resolve several other issues related to the interpretation of the Distribution Agreement. Management believes that this matter will not have a material adverse effect on our consolidated financial position, results of operations or cash flows.

In December 2005, the Company received an anonymous complaint regarding the possible payment of commissions to foreign government officials by employees of our Nanjing Goulds Pumps company, in Nanjing, China. Such commission payments may violate the Foreign Corrupt Practices Act. The Company conducted an investigation utilizing internal and external resources and voluntarily disclosed the results of the investigation to the United States Department of Justice and the SEC. On February 11, 2009, the Company entered into a settlement with the SEC in which the Company, without admitting or denying liability, has paid $1.7 in total related to disgorged profits, prejudgment interest and a civil penalty. The settlement also restrains and enjoins the Company from violating Sections 13(b)(2)(A and B) of the Securities and Exchange Act of 1934.

On March 27, 2007, we reached a settlement relating to an investigation of our ITT Night Vision Division’s compliance with the International Traffic in Arms Regulations (“ITAR”) pursuant to which we pled guilty to two violations based on the export of defense articles without a license and the omission of material facts in required export reports. The Company was assessed a total of $50.0 in fines, forfeitures and penalties, which was accrued for fully as of December 31, 2006. We also entered into a Deferred Prosecution Agreement with the U.S. Government which deferred action regarding a third count of violations related to ITAR pending our implementation of a remedial action plan, including the appointment of an independent monitor. ITT was also assessed a deferred prosecution monetary penalty of $50.0 which ITT will reduce for monies spent over the five years following the date of the Plea Agreement, to accelerate and further the development and fielding of advanced night vision technology. On October 11, 2007, ITT and the Department of Defense finalized an Administrative Compliance Agreement wherein we agreed to take certain remedial actions including implementing compliance programs and appointing an independent monitor for the oversight of our compliance programs. On December 28, 2007, we finalized a Consent Agreement with the Department of State wherein we agreed to undertake certain remedial actions, including appointment of a Special Compliance Official. The Company continues to perform under the terms of the agreements. Management believes that these matters will not have a material adverse effect on our consolidated financial position, results of operations or cash flows.

On April 17, 2007, ITT’s Board of Directors received a letter on behalf of a shareholder requesting that the Board take appropriate action against the employees responsible for the violations at our Night Vision facility described above, which were disclosed on Form 8-K filed on March 30, 2007. The Board of Directors appointed a Special Litigation Committee to evaluate the request. The Special Litigation Committee conducted an investigation with the assistance of independent counsel and concluded that no legal actions should be brought by ITT.

During 2007 and 2008, the Company received notice of four shareholder derivative actions each filed in the U.S. District Court for the Southern District of New York, known variously as, Sylvia Piven trustee under trust agreement dated April 3, 1973 f/b/o Sylvia B. Piven, derivatively on behalf of ITT Corporation v. Steve Loranger et al. and ITT Corporation (the “Piven” action), Norman Levy, derivatively on behalf of ITT Industries, Inc. v. Steven R. Loranger et al. and ITT Industries, Inc., Anthony Reale v. Steven R. Loranger et al. and ITT Company [sic], and Robert Wilkinson v. Steven R. Loranger et al. and ITT Corporation. Each case alleges that the ITT’s Board of Directors breached their fiduciary duties by failing to properly oversee ITT’s compliance programs at its Night Vision business. The Complaints seeks compensatory and punitive damages for ITT from its Directors, the removal of the Directors, and the election of new directors. The four cases were consolidated into one action In Re ITT Corporation Derivative Litigation, CA No. 07-CV-2878 (CLB). On motion by the Company, the Piven action was dismissed for lack of diversity. On April 10, 2008, the Court denied the Company’s Motion to Dismiss the consolidated Complaint. ITT filed a Motion for Reconsideration and on November 25, 2008, the Court granted the Motion and dismissed the matter without prejudice. The Court provided the plaintiffs the opportunity to refile the case upon the development of certain additional facts. The plaintiffs refiled the case on December 23, 2008. The Company has filed another Motion to Dismiss which is currently before the Court. The Defendants have also filed a Motion to Dismiss based on the Special Litigation Committee’s report referenced above which is also currently before the Court. Management believes that these derivative suits will not have a material adverse effect on our consolidated financial position, results of operations or cash flows.

Guarantees, Indemnities and Warranties

6 Months Ended

Jun. 30, 2009

Guarantees, Indemnities and Warranties [Abstract]

Guarantees, Indemnities and Warranties [Text Block]

17) Guarantees, Indemnities and Warranties

Guarantees & Indemnities

Since ITT’s incorporation in 1920, we have acquired and disposed of numerous entities. The related acquisition and disposition agreements contain various representation and warranty clauses and may provide indemnities for a misrepresentation or breach of the representations and warranties by either party. The indemnities address a variety of subjects; the term and monetary amounts of each such indemnity are defined in the specific agreements and may be affected by various conditions and external factors. Many of the indemnities have expired either by operation of law or as a result of the terms of the agreement. We do not have a liability recorded for the historic indemnifications and are not aware of any claims or other information that would give rise to material payments under such indemnities.

In December of 2007, we entered into a sale leaseback type agreement for our corporate aircraft, with the aircraft leased back under a five-year operating lease. We have provided, under the lease, a residual value guarantee to the counterparty in the amount of $50.2, which is the maximum amount of undiscounted future payments. We are obligated to make payments under the residual value guarantee to the extent the fair value of the aircraft is less than the residual value guarantee upon termination of the agreement. Currently, we project the fair value of the aircraft to be less than the residual value guarantee. Accordingly, we recorded a loss contingency of $5.1 during the first quarter of 2009, which represents the excess of the projected loss over a deferred gain of $5.4 recorded in connection with the sale leaseback transaction.

ITT has a number of individually immaterial guarantees outstanding at June 30, 2009, that may be affected by various conditions and external forces, some of which could require that payments be made under such guarantees. We do not believe these payments will have any material adverse impact on the financial position, results of operations or cash flow on a consolidated basis in the foreseeable future.

Product Warranties

ITT warrants numerous products, the terms of which vary widely. In general, ITT warrants its products against defect and specific non-performance. In the automotive businesses, liability for product defects could extend beyond the selling price of the product and could be significant if the defect interrupts production or results in a recall. Changes in the product warranty accrual for the six months ended June 30, 2009 were as follows:

	2009
Beginning balance January 1	$ 57.4
Accruals for product warranties issued in the period	13.7
Changes in pre-existing warranties(1)	(1.5)
Payments	(13.3)
Ending balance June 30	$ 56.3

(1) Includes changes in estimates and foreign currency translation adjustments

Business Segment Information

6 Months Ended

Jun. 30, 2009

Business Segment Information [Abstract]

Segment Reporting Disclosure [Text Block]

18) Business Segment Information

	Three Months Ended June 30, 2009
	Defense Electronics & Services	Fluid Technology	Motion & Flow Control	Corporate and Other	Eliminations	Total
Product sales	$ 997.8	$ 826.7	$ 306.2	$ —	$ (1.4)	$ 2,129.3
Service revenues	606.3	42.4	2.0	—	—	650.7
Total sales and revenues	$ 1,604.1	$ 869.1	$ 308.2	$ —	$ (1.4)	$ 2,780.0
Operating income (loss)	$ 201.3	$ 111.6	$ 33.2	$ (38.9)	$ —	$ 307.2
Operating margin	12.5%	12.8%	10.8%	—	—	11.1%
Total assets	$ 4,372.5	$ 2,942.4	$ 1,343.7	$ 1,893.3	$ —	$ 10,551.9

	Three Months Ended June 30, 2008
	Defense Electronics & Services	Fluid Technology	Motion & Flow Control	Corporate and Other	Eliminations	Total
Product sales	$ 991.8	$ 989.4	$ 442.1	$ —	$ (3.2)	$ 2,420.1
Service revenues	607.4	36.2	0.4	—	—	644.0
Total sales and revenues	$ 1,599.2	$ 1,025.6	$ 442.5	$ —	$ (3.2)	$ 3,064.1
Operating income (loss)	$ 199.0	$ 138.8	$ 71.3	$ (54.3)	$ —	$ 354.8
Operating margin	12.4%	13.5%	16.1%	—	—	11.6%
Total assets(1)	$ 4,464.5	$ 2,878.3	$ 1,357.8	$ 1,779.6	$ —	$ 10,480.2

	Six Months Ended June 30, 2009
	Defense Electronics & Services	Fluid Technology	Motion & Flow Control	Corporate and Other	Eliminations	Total
Product sales	$ 1,946.4	$ 1,541.5	$ 610.1	$ —	$ (3.0)	$ 4,095.0
Service revenues	1,166.2	71.9	4.0	—	—	1,242.1
Total sales and revenues	$ 3,112.6	$ 1,613.4	$ 614.1	$ —	$ (3.0)	$ 5,337.1
Operating income (loss)	$ 365.6	$ 180.4	$ 61.1	$ (78.4)	$ —	$ 528.7
Operating margin	11.7%	11.2%	9.9%	—	—	9.9%
Total assets	$ 4,372.5	$ 2,942.4	$ 1,343.7	$ 1,893.3	$ —	$ 10,551.9

	Six Months Ended June 30, 2008
	Defense Electronics & Services	Fluid Technology	Motion & Flow Control	Corporate and Other	Eliminations	Total
Product sales	$ 1,953.9	$ 1,833.0	$ 862.3	$ —	$ (6.3)	$ 4,642.9
Service revenues	1,152.9	74.0	0.7	—	—	1,227.6
Total sales and revenues	$ 3,106.8	$ 1,907.0	$ 863.0	$ —	$ (6.3)	$ 5,870.5
Operating income (loss)	$ 351.7	$ 240.8	$ 139.4	$ (93.0)	$ —	$ 638.9
Operating margin	11.3%	12.6%	16.2%	—	—	10.9%
Total assets(1)	$ 4,464.5	$ 2,878.3	$ 1,357.8	$ 1,779.6	$ —	$ 10,480.2

(1)	As of December 31, 2008

- USD ($) shares in Millions	Jun. 30, 2009	Dec. 31, 2008
Common Stock Parenthetical Information:
Common Stock, Par or Stated Value Per Share	$ 1	$ 1
Common Stock, Shares Authorized	500.0	500.0
Common Stock, Shares, Outstanding	182.4	181.7

Basis of Presentation	6 Months Ended
Basis of Presentation	Jun. 30, 2009
Basis of Presentation [Abstract]
Basis of Presentation [Text Block]	1) Basis of Presentation The unaudited consolidated condensed financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and, in the opinion of management, reflect all adjustments (which include normal recurring adjustments) necessary for a fair presentation of the financial position, results of operations, and cash flows for the periods presented. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to such SEC rules. Unless the context otherwise indicates, references herein to “ITT,” “the Company,” and such words as “we,” “us,” and “our” include ITT Corporation and its subsidiaries. ITT believes that the disclosures made are adequate to make the information presented not misleading. ITT consistently applied the accounting policies described in ITT’s 2008 Annual Report on Form 10-K in preparing these unaudited financial statements, with exception to accounting pronouncements adopted during 2009 as described within Note 2, Recent Accounting Pronouncements. The preparation of these financial statements requires management to make certain estimates and assumptions that affect the amounts reported, and such estimates could differ from actual results. These financial statements should be read in conjunction with the financial statements and notes thereto included in ITT’s 2008 Annual Report on Form 10-K. ITT’s 2009 and 2008 quarterly financial periods end on the Saturday closest to the last day of the quarter, except for the last quarterly period of the fiscal year, which ends on December 31st. For simplicity of presentation, the quarterly financial statements included herein are presented as ending on the last day of the quarter.

Uncertain Tax Positions	6 Months Ended
Uncertain Tax Positions	Jun. 30, 2009
Uncertain Tax Positions [Abstract]
Summary of Income Tax Contingencies [Text Block]	15) Uncertain Tax Positions In accordance with the FASB Interpretation No. 48, “Accounting for Uncertainty in Income Taxes — an interpretation of FASB Statement No. 109” (“FIN 48”), we recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. As of June 30, 2009 and December 31, 2008, we had $143.8 and $144.9, respectively, of total unrecognized tax benefits. The amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate is $75.8 and $76.9, as of June 30, 2009 and December 31, 2008, respectively. We do not believe that the total amount of unrecognized tax benefits will significantly change within twelve months of the reporting date. We classify interest relating to tax matters as a component of interest expense and tax penalties as a component of income tax expense in our Consolidated Condensed Income Statement. We have accrued $22.1 and $28.1 for payment of interest and penalties as of June 30, 2009 and December 31, 2008, respectively.