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Document and Entity Information - USD ($) shares in Millions, $ in Billions	9 Months Ended
	Sep. 30, 2011	Oct. 20, 2011	Jun. 30, 2010
Document and Entity Information [Abstract]
Entity Registrant Name	ITT CORP
Entity Central Index Key	0000216228
Document Type	10-Q
Document Period End Date	Sep. 30, 2011
Amendment Flag	false
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q3
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			$ 8.3
Entity Common Stock, Shares Outstanding		185.5

Consolidated Condensed Income Statements (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Consolidated Condensed Income Statements [Abstract]
Product revenue	$ 2,159	$ 2,052	$ 6,360	$ 6,133
Service revenue	822	591	2,405	1,827
Total revenue	2,981	2,643	8,765	7,960
Costs of product revenue	1,401	1,357	4,151	4,085
Costs of service revenue	726	518	2,135	1,608
Total costs of revenue	2,127	1,875	6,286	5,693
Gross profit	854	768	2,479	2,267
Selling, general and administrative expenses	445	396	1,304	1,149
Research and development expenses	64	60	195	183
Transformation costs	132	0	279	0
Asbestos-related costs, net	59	341	91	368
Restructuring and asset impairment charges, net	2	3	10	30
Operating income (loss)	152	(32)	600	537
Interest and non-operating expenses, net	22	16	51	61
Income (loss) from continuing operations before income tax expense	130	(48)	549	476
Income tax expense (benefit)	59	(60)	184	94
Income from continuing operations	71	12	365	382
Income from discontinued operations, net of tax expense (benefit) of $4, $1, $2 and $(6), respectively	7	133	5	147
Net income	$ 78	$ 145	$ 370	$ 529
Basic:
Continuing operations	$ 0.38	$ 0.07	$ 1.97	$ 2.08
Discontinued operations	0.04	0.72	0.03	0.80
Net income	0.42	0.79	2.00	2.88
Diluted:
Continuing operations	0.38	0.07	1.96	2.06
Discontinued operations	0.04	0.71	0.02	0.80
Net income	$ 0.42	$ 0.78	$ 1.98	$ 2.86
Weighted average common shares - basic	185.5	184.1	185.2	183.8
Weighted average common shares - diluted	186.5	185.3	186.6	185.2
Cash dividends declared per common share	$ 0.25	$ 0.25	$ 0.75	$ 0.75

Consolidated Condensed Income Statements (Parenthetical) (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Consolidated Condensed Income Statements [Abstract]
Tax expense (benefit) from discontinued operations	$ 4	$ 1	$ 2	$ (6)

- Definition

Tax effect allocated to a disposal group that is classified as a component of the entity reported as a separate component of income before extraordinary items. Includes the tax effects of the following: income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 43
-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 Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 47
-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 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 46
-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 740
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32672-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b),(c)
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 20
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6909487&loc=d3e38679-109324

+ Details

Consolidated Condensed Statements of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Consolidated Condensed Statements of Comprehensive Income [Abstract]
Net income	$ 78	$ 145	$ 370	$ 529
Other comprehensive income (loss):
Net foreign currency translation adjustment	(180)	184	(5)	(27)
Net change in postretirement benefit plans, net of tax benefit of $338, $9, $315 and $27, respectively	(585)	15	(545)	46
Net change in unrealized gains on investment securities, net of tax expense of $0, $3, $5 and $1, respectively	(1)	(3)	(12)	(1)
Other comprehensive income (loss)	(766)	196	(562)	18
Total comprehensive (loss) income	(688)	341	(192)	547
Net foreign currency translation adjustment:
Foreign currency translation loss	(194)	184	(19)	(27)
Foreign currency translation loss included in net income	14	0	14	0
Net foreign currency translation adjustment	(180)	184	(5)	(27)
Net change in postretirement benefit plans, net of tax:
Amortization of prior service costs, net of tax benefit of less than $1 for all periods presented	0	0	1	1
Amortization of net actuarial loss, net of tax benefit of $12, $9, $36 and $27, respectively	20	15	58	45
Prior service cost recognized from curtailment, net of tax benefit of $1	2	0	2	0
Net actuarial loss arising during the period , net of tax benefit of $353	(606)	0	(606)	0
Net change in postretirement benefit plans, net of tax	(585)	15	(545)	46
Net change in unrealized gains on investment securities, net of tax:
Unrealized (losses) gains arising during period, net of tax benefit (expense) of $0, $0, $1 and $(2), respectively	(1)	1	(2)	3
Gains realized during the period, net of tax expense of $0, $3, $6 and $3, respectively	0	(4)	(10)	(4)
Net change in unrealized gains on investment securities, net of tax	$ (1)	$ (3)	$ (12)	$ (1)

Consolidated Condensed Statements of Comprehensive Income (Parenthetical) (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Other comprehensive income (loss):
Tax benefit of change in postretirement benefit plans	$ 338	$ 9	$ 315	$ 27
Tax expense of net change in unrealized gains on investment securities	0	3	5	1
Net change in postretirement benefit plans, net of tax:
Tax benefit of amortization of prior service costs (approx.)	1	1	1	1
Tax benefit of amortization of net actuarial loss	12	9	36	27
Tax (expense) benefit of prior service gain from plan amendment	1	0	1	0
Tax (expense) benefit of net actuarial gain (loss) arising during the period	353	0	353	0
Net change in unrealized gains on investment securities, net of tax:
Tax benefit (expense) of unrealized holding (losses) gains arising during period	0	0	1	(2)
Tax expense of gains realized during the period	$ 0	$ 3	$ 6	$ 3

Consolidated Condensed Balance Sheets - USD ($)
$ in Millions

Sep. 30, 2011

Dec. 31, 2010

Current assets:

Cash and cash equivalents

$ 2,686

$ 1,032

Receivables, net

2,198

1,944

Inventories, net

1,011

856

Other current assets

652

562

Total current assets

6,547

4,394

Plant, property and equipment, net

1,214

1,205

Goodwill

4,471

4,277

Other intangible assets, net

829

766

Asbestos-related assets

819

930

Other non-current assets

1,208

866

Total non-current assets

8,541

8,044

Total assets

15,088

12,438

Current liabilities:

Accounts payable

1,116

1,020

Accrued and other current liabilities

1,755

1,714

Short-term borrowings and current maturities of long-term debt

1,305

Total current liabilities

4,176

2,745

Postretirement benefits

2,658

1,733

Long-term debt

1,868

1,354

Asbestos-related liabilities

1,522

1,559

Other non-current liabilities

619

542

Total non-current liabilities

6,667

5,188

Total liabilities

10,843

7,933

Common Stock:

Authorized - 500.0 shares, $1 par value per share Issued - 207.1 shares and 206.9 shares, respectively Outstanding - 185.4 shares and 184.0 shares, respectively

^[1]

185

183

Retained earnings

5,709

5,409

Total accumulated other comprehensive loss

(1,649)

(1,087)

Total shareholders' equity

4,245

4,505

Total liabilities and shareholders' equity

$ 15,088

$ 12,438

[1]	Shares outstanding include unvested restricted common stock of 0.9 and 1.0 at September 30, 2011 and December 31, 2010, respectively.

Consolidated Condensed Balance Sheets (Parenthetical) - $ / shares shares in Millions	Sep. 30, 2011	Dec. 31, 2010
Common Stock:
Common stock, shares authorized	500.0	500.0
Common stock, par value	$ 1	$ 1
Common Stock, shares issued	207.1	206.9
Common stock, shares outstanding	185.4	184.0
Common stock, unvested restricted common stock include in shares outstanding	0.9	1.0

Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010
Operating Activities
Net income	$ 370	$ 529
Less: Income from discontinued operations	5	147
Income from continuing operations	365	382
Non-cash adjustments to income from continuing operations:
Depreciation and amortization	257	214
Stock-based compensation	22	23
Non-cash transformation costs	64	0
Changes in assets and liabilities (net of acquisitions):
Change in receivables	(253)	(105)
Change in inventories	(146)	(40)
Change in accounts payable	137	39
Other, net	6	141
Net Cash - Operating activities	452	654
Investing Activities
Capital expenditures	(186)	(174)
Acquisitions, net of cash acquired	(309)	(994)
Proceeds from sale of assets and businesses	34	250
Other, net	0	1
Net Cash - Investing activities	(461)	(917)
Financing Activities
Short-term debt, net	18	206
Long-term debt issued	1,849	1
Long-term debt repaid	(68)	(71)
Issuance of common stock	48	17
Dividends paid	(184)	(176)
Other, net	6	7
Net Cash - Financing activities	1,669	(16)
Exchange rate effects on cash and cash equivalents	(5)	(27)
Net cash from discontinued operations	(1)	2
Net change in cash and cash equivalents	1,654	(304)
Cash and cash equivalents - beginning of year	1,032	1,216
Cash and Cash Equivalents - End of Period	2,686	912
Cash paid during the year for:
Interest	46	46
Income taxes (net of refunds received)	$ 169	$ 289

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Sep. 30, 2011
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation ITT Corporation is a global multi-industry leader in high-technology engineering and manufacturing, operating through three segments: Defense & Information Solutions (Defense segment), Fluid Technology (Fluid segment) and Motion & Flow Control (Motion & Flow segment). 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. 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. We believe that the disclosures made are adequate to make the information presented not misleading. We consistently applied the accounting policies described in ITT’s 2010 Annual Report on Form 10-K (2010 Annual Report) in preparing these unaudited financial statements, with the exception of accounting standard updates, described in Note 3, “Recent Accounting Pronouncements,” adopted on January 1, 2011. Certain prior year amounts have been reclassified to conform to current year presentation, as described within these Notes to the Consolidated Condensed Financial Statements. These financial statements should be read in conjunction with the financial statements and notes thereto included in our 2010 Annual Report. Foreign Currency Translation The national currencies of our foreign companies are generally the functional currencies. Balance sheet accounts are translated at the exchange rate in effect at the end of each period; income statement accounts are translated at the average rates of exchange prevailing during the period. Gains and losses on foreign currency translations are reflected in the cumulative translation adjustments component of shareholders’ equity. Net gains or losses from foreign currency transactions are reported currently in selling, general and administrative expenses, and in the third quarter of 2011 include $14 of losses generally pertaining to legacy transactions. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Estimates are revised as additional information becomes available. Estimates and assumptions are used for, but not limited to, asbestos-related liabilities and recoveries from insurers and other responsible parties, postretirement obligations and assets, revenue recognition, income tax contingency accruals and valuation allowances, goodwill impairment testing and contingent liabilities. Actual results could differ from these estimates. Financial Periods ITT’s quarterly financial periods end on the Saturday closest to the last day of the calendar quarter, except for the last quarterly period of the fiscal year, which ends on December 31st. For ease of presentation, the quarterly financial statements included herein are described as ending on the last day of the calendar quarter.

Company Transformation

9 Months Ended

Sep. 30, 2011

Company Transformation [Abstract]

COMPANY TRANSFORMATION

NOTE 2
COMPANY TRANSFORMATION

On January 12, 2011, the Company announced that its Board of Directors had unanimously approved a plan to separate the Company’s businesses into three independent, publicly traded companies (the Transformation). Under the Transformation, ITT will execute tax-free spinoffs to shareholders of its water-related businesses (Xylem) and its Defense segment (Exelis). Xylem will include the Water & Wastewater division, including its analytical instrumentation component, and the Residential & Commercial Water division, as well as the Flow Control division that is currently reported within the Motion & Flow segment. The Industrial Process division, which is currently reported within the Fluid segment, will continue to operate as a division of ITT. After completion of the Transformation, ITT shareholders will own shares in all three corporations. Following the Transformation, ITT will continue to trade on the New York Stock Exchange as an industrial company that supplies highly engineered solutions in the aerospace, transportation, energy and industrial markets.

On September 9, 2011, we received a private letter ruling from the Internal Revenue Service that ITT’s separation of the assets and liabilities constituting each of the Exelis business, the Xylem business and the new ITT business, as well as the planned distribution of the shares of Exelis and Xylem common stock to ITT shareholders, will qualify as a tax-free transaction for U.S. federal income tax purposes.

On October 5, 2011, the ITT Board of Directors declared a pro rata dividend of Exelis common stock and Xylem common stock (the Distribution), to be made on October 31, 2011, or such other date whereby conditions to the distribution are satisfied or waived, to ITT’s shareholders of record as of the close of business on October 17, 2011 (the Record Date). Each ITT shareholder will receive a dividend of one share of Exelis common stock and one share of Xylem common stock for every one share of ITT common stock held on the Record Date.

As a result of the Transformation, upon consummation of the spin, we will reorganize to a new management and segment reporting structure. As part of these organizational changes, we will assess new reporting units and perform valuations to determine the assignment of goodwill to any new reporting units based on their relative fair values. We will also test the recoverability of goodwill based on the identification of any new reporting units.

During the three and nine month periods ended September 30, 2011, we recognized pre-tax expenses of $132 and $279, respectively, related to the Transformation. The components of transformation costs incurred during these periods are presented below.


	Three			Nine
For the Periods Ended September 30, 2011	Months			Months
Transformation Costs:
Non-cash asset impairment	$	9		$	64
Advisory fees		32			75
IT costs		36			58
Lease termination and other real estate costs		10			13
Loss on early extinguishment of debt		3			3
Employee retention and other compensation costs		23			36
Other costs		19			30

Transformation costs in operating income		132			279
Tax-related separation (benefit) costs(a)		(4	)		10

Total transformation costs before tax benefit		128			289
Income tax benefit		(35	)		(87	)

Total transformation costs, net of tax impact	$	93		$	202


(a)		In the third quarter of 2011, we revised our estimate of certain costs to be incurred related to tax-related separation costs. This adjustment resulted in a $4 net credit (income) for tax-related separation costs during the third quarter of 2011.

The $64 million non-cash impairment charge includes a $55 impairment related to a decision to discontinue development of an information technology consolidation initiative and $9 of impairments to long-lived assets. The table included below provides a rollforward of the Transformation-related accrual for the nine months ended September 30, 2011.


Transformation accrual – 12/31	$	2
Charges actions during the period		289
Cash payments		(137	)
Pension curtailment		(5	)
Asset impairment		(64	)

Transformation accrual – 9/30	$	85

To complete the Transformation, we expect major areas of spending to include debt refinancing, tax-related separation costs, information technology investments to build out independent environments for the new companies, advisory fees, and other Transformation activities. Our estimate of the remaining after-tax expense for activities associated with the Transformation is expected to be approximately $275, of which $210 is expected to be incurred prior to completion of the Transformation, primarily related to the extinguishment of debt. In addition, the Company anticipates net after-tax cash outflows of approximately $130 following the Transformation, primarily consisting of additional tax impacts, employee-related costs, capital expenditures for information systems investments, and advisory fees.

Recent Accounting Pronouncements	9 Months Ended
Recent Accounting Pronouncements	Sep. 30, 2011
Recent Accounting Pronouncements [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE 3 RECENT ACCOUNTING PRONOUNCEMENTS Recently Adopted Accounting Pronouncements In December 2010, the Financial Accounting Standards Board (FASB) issued additional guidance applicable to the testing of goodwill for potential impairment. Specifically, for reporting units with zero or negative carrying amounts, an entity is required to perform the second step of the goodwill impairment test (a comparison between the carrying amount of a reporting unit’s goodwill to its implied fair value) if it is more likely than not that a goodwill impairment exists, considering any adverse qualitative factors. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2010. As of the date of our most recent goodwill impairment test, none of our reporting units would have been affected by the application of this guidance as each reporting unit had a carrying amount that exceeded zero. In April 2010, the FASB issued authoritative guidance permitting use of the milestone method of revenue recognition for research or development arrangements that contain payment provisions or consideration contingent on the achievement of specified events. On January 1, 2011, we adopted the new guidance on a prospective basis. The adoption of this guidance did not have a material impact on our financial condition, results of operations or cash flows. In October 2009, the FASB issued amended guidance on the accounting for revenue arrangements that contain multiple elements by eliminating the criteria that objective and reliable evidence of fair value for undelivered products or services needs to exist in order to be able to account separately for deliverables and eliminating the use of the residual method of allocating arrangement consideration. The amendments establish a hierarchy for determining the selling price of a deliverable and will allow for the separation of products and services in more instances than previously permitted. We adopted the new multiple element guidance effective January 1, 2011 for new arrangements entered into or arrangements materially modified on or after that date on a prospective basis. In connection with the adoption of the revised multiple element arrangement guidance, we revised our revenue recognition accounting policies. For multiple deliverable arrangements entered into or materially modified on or after January 1, 2011, we recognize revenue for a delivered element based on the relative selling price if the deliverable has stand-alone value to the customer and, in arrangements that include a general right of return relative to the delivered element, performance of the undelivered element is considered probable and substantially in the Company’s control. The selling price for a deliverable is based on vendor-specific objective evidence of selling price (VSOE), if available, third-party evidence of selling price (TPE), if VSOE is not available, or best estimated selling price (BESP), if neither VSOE nor TPE is available. The deliverables in our arrangements with multiple elements include various products and may include related services, such as installation and start-up services. For multiple element arrangements entered into or materially modified after adoption of the revised multiple element arrangement guidance, we allocate arrangement consideration based on the relative selling prices of the separate units of accounting determined in accordance with the hierarchy described above. For deliverables that are sold separately, we establish VSOE based on the price when the deliverable is sold separately. We establish TPE, generally for services, based on prices similarly situated customers pay for similar services from third party vendors. For those deliverables for which we are unable to establish VSOE or TPE, we estimate the selling price considering various factors including market and pricing trends, geography, product customization, and profit objectives. Revenue allocated to products and services is generally recognized as the products are delivered and the services are performed, provided all other revenue recognition criteria have been satisfied. The adoption of the new multiple element guidance did not result in a material change in either the units of accounting or the pattern or timing of revenue recognition. Additionally, the adoption of the revised multiple element arrangement guidance did not have a material impact on our financial condition, results of operations or cash flows. In October 2009, the FASB amended the accounting requirements for software revenue recognition. The objective of this update is to address the accounting for revenue arrangements that contain tangible products and software. Specifically, products that contain software that is “more than incidental” to the product as a whole will be removed from the scope of the software revenue recognition literature. The amendments align the accounting for these revenue transaction types with the amendments described for multiple element arrangements above. We adopted the provisions of this guidance for new or materially modified arrangements entered into on or after January 1, 2011 on a prospective basis. The adoption of this guidance did not have a material impact on our financial condition, results of operations or cash flows. Accounting Pronouncements Not Yet Adopted In September 2011, the FASB provided companies with the option to make an initial qualitative evaluation, based on the entity’s events and circumstances, to determine the likelihood of goodwill impairment. The result of this qualitative assessment determines whether it is necessary to perform the currently required two-step impairment test. If it is more likely than not that the fair value of a reporting unit is less than its carrying amount, a company would be required to perform the two-step impairment test. This guidance is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011, with early adoption permitted. The Company could elect to apply the option to any goodwill impairment test performed after December 31, 2011; however, the amendments are not expected to have a material effect on the Company’s Consolidated Condensed Financial Statements. In May 2011, the FASB issued guidance intended to achieve common fair value measurements and related disclosures between U.S. GAAP and international accounting standards. The amendments primarily clarify existing fair value guidance and are not intended to change the application of existing fair value measurement guidance. However, the amendments include certain instances where a particular principle or requirement for measuring fair value or disclosing information about fair value measurements has changed. This guidance is effective for the periods beginning after December 15, 2011 and early application is prohibited. We will adopt these amendments on January 1, 2012; however, the amendments are not expected to have a material effect on the Company’s Consolidated Condensed Financial Statements.

- Definition

The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period.

+ References + Details

Acquisitions and Divestitures	9 Months Ended
Acquisitions and Divestitures	Sep. 30, 2011
Acquisitions and Divestitures [Abstract]
ACQUISITIONS AND DIVESTITURES	NOTE 4 ACQUISITIONS & DIVESTITURES Acquisitions On September 1, 2011, we acquired 100% of the outstanding shares of YSI Incorporated (YSI) for a purchase price of $309, net of cash acquired. YSI, which reported 2010 revenues of $101, is a leading developer and manufacturer of sensors, instruments, software, and data collection platforms for environmental water monitoring. YSI employs 390 people at facilities in the United States, Europe and Asia. Our financial statements include YSI’s results of operations and cash flows prospectively from September 1, 2011; however, these results were not material for the three or nine months ended September 30, 2011 and accordingly, pro forma results of operations have not been presented. The purchase price for YSI was allocated to the net tangible and intangible assets acquired and liabilities assumed based on their preliminary fair values as of September 1, 2011. The excess of the purchase price over the preliminary assets acquired and liabilities assumed was recorded as goodwill. The purchase price allocation is based on a preliminary valuation and our estimates and assumptions are subject to change within the measurement period. The primary areas of the purchase price allocation that are not yet finalized relate to the fair values of certain environmental matters, intangible assets, income taxes, working capital balances and residual goodwill. We expect to obtain information to assist us in determining the fair value of the net assets acquired at the acquisition date during the measurement period. Of the $309 purchase price, the aggregate fair value of trademarks was $49, customer relationships was $40 and proprietary technology was $35. Other assets acquired and liabilities assumed as part of the acquisition were $56 primarily related to working capital balances and $61 primarily related to deferred tax liabilities, respectively. The excess of the preliminary purchase price over the fair value of net assets acquired was $190 (which is not expected to be deductible for income tax purposes). The goodwill arising from the acquisition consists largely of the planned expansion of the YSI footprint to new geographic markets, synergies and economies of scale. All of the goodwill has been assigned to the Fluid segment. During the first nine months of 2010, we spent $994 on acquisitions, net of cash acquired, primarily due to the acquisitions of Godwin Pumps of America, Inc. and Godwin Holdings Limited (collectively referred to as Godwin) on August 3, 2010 for $580, which expanded our Fluid segment’s presence within the dewatering market in the United States; and the acquisition of Nova Analytics Corporation (Nova) on March 23, 2010 for $385 which broadened our Fluid segment’s portfolio of analytical instrumentation tools. The results of operations and cash flows from our 2010 acquisitions have been included in our Consolidated Condensed Financial Statements prospectively from their date of acquisition. Pro forma results of operations for acquisitions completed in 2010 have not been presented because the assets, liabilities and results of operations for each business are not considered material to our Consolidated Condensed Financial Statements, either individually or in the aggregate. Divestitures On September 8, 2010 we completed the sale of CAS, Inc. (CAS), a component of our Defense segment that was engaged in systems engineering and technical assistance for the U.S. Government. The sale resulted in the recognition of a $130 after-tax gain reported as a component of income from discontinued operations within our Consolidated Condensed Income Statements. This transaction resulted in a tax benefit of $4 primarily due to the difference in the book and tax bases of CAS. Subsequent to this divestiture, we do not have any significant continuing involvement in the operations of CAS, nor do we expect significant continuing cash flows from CAS. Accordingly, the financial position, results of operations and cash flows from CAS are reported as a discontinued operation. During the three and nine months ended September 30, 2010, CAS provided third-party revenue of $46 and $160, and operating income of $4 and $13, respectively, included within discontinued operations.

Restructuring and Asset Impairment Charges

9 Months Ended

Sep. 30, 2011

Restructuring and Asset Impairment Charges [Abstract]

RESTRUCTURING AND ASSET IMPAIRMENT CHARGES

NOTE 5
RESTRUCTURING AND ASSET IMPAIRMENT CHARGES

During the three and nine months ended September 30, 2011, we recognized restructuring and asset impairment charges of $2 and $16, respectively. The year-to-date charge primarily relates to various reduction in force initiatives within our Defense segment. During the three and nine months ended September 30, 2010, we recognized restructuring charges of $6 and $42, respectively, primarily related to a strategic realignment of our Defense segment to enable better product portfolio integration, encourage a more coordinated market approach and provide reductions in overhead costs. The Defense segment was renamed ITT Defense & Information Solutions and the previous organizational structure, consisting of seven divisions, was consolidated into three larger divisions. This initiative was substantially completed during 2010.

The table provided below summarizes the presentation of restructuring and asset impairment charges within our Consolidated Condensed Income Statements for the three and nine month periods ended September 30, 2011 and 2010.


	Three Months				Nine Months
For the Periods Ended September 30	2011		2010		2011		2010
Restructuring costs presented in costs of revenue	$	—	$	3	$	6	$	12
Restructuring costs presented in operating expenses		—		3		7		30
Asset impairment		2		—		3		—

Total restructuring and asset impairment costs	$	2	$	6	$	16	$	42

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

+ References + Details

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2011
Income Taxes [Abstract]
INCOME TAXES	NOTE 6 INCOME TAXES Effective Tax Rate Our quarterly income tax expense is measured using an estimated annual effective tax rate, adjusted for discrete items within the period. The comparison of effective tax rates between periods is significantly affected by discrete items recognized during the periods, the level and mix of earnings by tax jurisdiction and permanent differences. The estimated annual effective tax rate for 2011 and 2010 was comparable before the impact of discrete items. For the quarter ended September 30, 2011, we recorded income tax expense of $59, compared to an income tax benefit of $60 for the comparable prior year period. The 2011 effective rate of 45.4% was increased by approximately 4.1% for costs related to the Transformation, 11.6% for deferred tax asset write-offs and reduced by 3.7% related to the effective settlement of a tax examination. The 2010 benefit is primarily attributable to an additional tax benefit of $46 related to change in mix of earnings by tax jurisdiction due to the increase in asbestos-related costs . The third quarter 2010 income tax also reflects a $27 benefit from the reversal of valuation allowances on certain capital loss carryforwards as it became more likely than not that these deferred tax assets would be realized. Income tax expense for the nine months ended September 30, 2011 and 2010 was $184 and $94, respectively, resulting in effective tax rates of 33.5% and 19.7%, respectively. The 2011 effective tax rate was increased by 0.8% for costs related to the Transformation and 2.8% for the write-off of certain historical deferred tax assets. The 2010 effective tax rate was increased by 1.5% due to the impact of the Medicare Part D subsidy reversal and reduced by 1.0% related to the closure of a tax examination. Uncertain Tax Positions As of September 30, 2011 and December 31, 2010, we had $161 and $192, respectively, of total unrecognized tax benefits recorded. The amount of unrecognized tax benefits that would affect the effective tax rate was $80 and $90, at September 30, 2011 and December 31, 2010, respectively. Uncertain tax positions are related to tax years that remain subject to examination by the relevant taxing authorities. We believe it is reasonably possible that the total amount of unrecognized tax benefits at September 30, 2011 could decrease by $8 within the next 12 months due to the reversal of a temporary difference. Discussion of Changes to Deferred Tax Assets Net deferred tax assets reflected in the Consolidated Condensed Balance Sheet at September 30, 2011 were $1,044, reflecting a $275 increase from the $769 December 31, 2010 balance. This increase primarily relates to the remeasurement of certain postretirement benefit plans, including the U.S. Salaried Retirement Plan (U.S. SRP), at September 30, 2011.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
-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 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43, 44, 45, 46, 47, 48, 49
-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 740
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

+ Details

Earnings Per Share

9 Months Ended

Sep. 30, 2011

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 7
EARNINGS PER SHARE

The following table provides a reconciliation of the data used in the calculation of basic and diluted earnings per share computations for income from continuing operations for the three and nine month periods ended September 30, 2011 and 2010.


	Three Months				Nine Months
For the Periods Ended September 30	2011		2010		2011		2010
Income from continuing operations	$	71	$	12	$	365	$	382

Weighted average common shares outstanding		184.4		182.5		184.0		182.2

Add: Weighted average restricted stock awards outstanding(a)		1.1		1.6		1.2		1.6

Basic weighted average common shares outstanding		185.5		184.1		185.2		183.8
Add: Dilutive impact of stock options		1.0		1.2		1.4		1.4

Diluted weighted average common shares outstanding		186.5		185.3		186.6		185.2
Basic earnings per share from continuing operations	$	0.38	$	0.07	$	1.97	$	2.08
Diluted earnings per share from continuing operations	$	0.38	$	0.07	$	1.96	$	2.06


(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.

The following table provides the number of shares underlying stock options excluded from the computation of diluted earnings per share for the three and nine month periods ended September 30, 2011 and 2010 because they were anti-dilutive.


	Three Months				Nine Months
For the Periods Ended September 30	2011		2010		2011		2010
Anti-dilutive stock options		2.6		2.2		1.8		2.1
Average exercise price	$	55.26	$	54.30	$	56.55	$	54.42

Receivables, Net

9 Months Ended

Sep. 30, 2011

Receivables, Net [Abstract]

RECEIVABLES, NET

NOTE 8
RECEIVABLES, NET


	September 30,
	2011			December 31, 2010
Trade accounts receivable	$	1,662		$	1,579
Unbilled contract receivables		543			367
Other		43			47

Receivables, gross		2,248			1,993
Allowance for doubtful accounts		(43	)		(42	)
Allowance for cash discounts		(7	)		(7	)

Receivables, net	$	2,198		$	1,944

Unbilled contract receivables represent revenue recognized on construction-type or production-type contracts that arise based on performance attainment which, by contract, though appropriately recognized, cannot be billed to the customer as of the balance sheet date. We expect to bill and collect substantially all of the September 30, 2011 unbilled contract receivables during the next twelve months as billing milestones are completed or units are delivered.

Our outstanding accounts receivable balance, including both trade and unbilled contract receivables from the U.S. Government, was $917 and $806 as of September 30, 2011 and December 31, 2010, respectively.

- Definition

The entire disclosure for claims held for amounts due a company. Examples include trade accounts receivables, notes receivables, loans receivables.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 3, 4
-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 7
-Article 9

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 01-6
-Paragraph 13
-Subparagraph d
-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 SEC
-Name Regulation S-X (SX)
-Number 210
-Article 4
-Section 08
-Paragraph k

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5074-111524

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5066-111524

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(k))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5162-111524

+ Details

Inventories, Net

9 Months Ended

Sep. 30, 2011

Inventories, Net [Abstract]

INVENTORIES, NET

NOTE 9
INVENTORIES, NET


	September 30,
	2011			December 31, 2010
Finished goods	$	247		$	231
Work in process		122			88
Raw materials		386			317

Total product inventory		755			636
Production costs of contracts in process		325			296
Less – progress payments		(69	)		(76	)

Production costs of contracts in process, net		256			220

Inventories, net	$	1,011		$	856

Other Current and Non-Current Assets

9 Months Ended

Sep. 30, 2011

Other Current and Non-Current Assets [Abstract]

OTHER CURRENT AND NON-CURRENT ASSETS

NOTE 10
OTHER CURRENT AND NON-CURRENT ASSETS


	September 30,
	2011		December 31, 2010
Current deferred income taxes	$	288	$	280
Asbestos-related current assets		131		105
Other		233		177

Other current assets	$	652	$	562

Deferred income tax	$	887	$	554
Other employee benefit-related assets		108		106
Capitalized software costs		72		118
Other		141		88

Other non-current assets	$	1,208	$	866

As described in Note 2, “Company Transformation,” during the first quarter of 2011 we discontinued the development of an information technology consolidation initiative and recorded a capitalized software impairment charge of $55.

Plant, Property and Equipment, Net

9 Months Ended

Sep. 30, 2011

Plant, Property and Equipment, Net [Abstract]

PLANT, PROPERTY AND EQUIPMENT, NET

NOTE 11
PLANT, PROPERTY AND EQUIPMENT, NET


	September 30,
	2011			December 31, 2010
Land and improvements	$	60		$	59
Buildings and improvements		700			642
Machinery and equipment		1,897			1,809
Equipment held for lease or rental		149			132
Furniture, fixtures and office equipment		238			231
Construction work in progress		132			160
Other		49			29

Plant, property and equipment, gross		3,225			3,062
Less – accumulated depreciation		(2,011	)		(1,857	)

Plant, property and equipment, net	$	1,214		$	1,205

Depreciation expense of $59 and $174 was recognized in the three and nine month periods ended September 30, 2011, respectively, and $48 and $135 for the three and nine month periods ended September 30, 2010, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References + Details

Goodwill and Other Intangible Assets, Net

9 Months Ended

Sep. 30, 2011

Goodwill and Other Intangible Assets, Net [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

NOTE 12
GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Goodwill

The following table provides a rollforward of the carrying amount of goodwill for the nine months ended September 30, 2011 by segment.


						MOTION &
	DEFENSE			FLUID		FLOW		TOTAL
Goodwill — 12/31	$	2,156		$	1,634	$	487	$	4,277
Foreign currency		—			2		1		3
Acquisitions		—			190		3		193
Other		(2	)		—		—		(2	)

Goodwill — 9/30	$	2,154		$	1,826	$	491	$	4,471

Other Intangible Assets, Net


	SEPTEMBER 30, 2011							DECEMBER 31, 2010
	GROSS							GROSS
	CARRYING		ACCUMULATED			NET		CARRYING		ACCUMULATED			NET
	AMOUNT		AMORTIZATION			INTANGIBLES		AMOUNT		AMORTIZATION			INTANGIBLES
Customer and distributor relationships	$	903	$	(368	)	$	535	$	855	$	(312	)	$	543
Proprietary technology		144		(42	)		102		109		(35	)		74
Trademarks		36		(13	)		23		35		(10	)		25
Patents and other		29		(20	)		9		32		(18	)		14
Indefinite-lived intangibles		160		—			160		110		—			110

Other Intangible Assets	$	1,272	$	(443	)	$	829	$	1,141	$	(375	)	$	766

Intangible assets related to the acquisition of YSI included $49 of trademarks, $40 of customer relationships and $35 of proprietary technology. The customer relationships are expected to be amortized over a weighted average period of 19 years and the proprietary technology is expected to be amortized over a weighted average period of 18 years. The trademarks have been assigned an indefinite life.

Amortization expense related to finite-lived intangible assets was $23 for both three month periods and $66 and $64 for the nine month periods ended September 30, 2011 and 2010, respectively. Estimated amortization expense for the remaining three months of 2011 and each of the five succeeding years is as follows:


Remaining 2011	$	23
2012		79
2013		64
2014		59
2015		55
2016		52

Total	$	332

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Accrued and Other Current Liabilities and Other Non-Current Liabilities

9 Months Ended

Sep. 30, 2011

Accrued and Other Current Liabilities And Other Non-Current Liabilities [Abstract]

ACCRUED AND OTHER CURRENT LIABILITIES AND OTHER NON-CURRENT LIABILITIES

NOTE 13

ACCRUED AND OTHER CURRENT LIABILITIES AND OTHER NON-CURRENT LIABILITIES


	September 30,		December 31,
	2011		2010
Compensation and other employee-related benefits	$	625	$	625
Customer advances and deferred revenue		470		478
Asbestos-related liability		139		117
Other accrued liabilities		521		494

Accrued and other current liabilities	$	1,755	$	1,714

Deferred income taxes and other tax-related accruals	$	250	$	179
Environmental		137		128
Compensation and other employee-related benefits		130		117
Product liability, guarantees and other legal matters		51		52
Other		51		66

Other non-current liabilities	$	619	$	542

During the first quarter of 2011, we corrected the presentation of amounts in the accompanying Consolidated Condensed Balance Sheets as of December 31, 2010, related to customer advances and deferred revenue by reclassifying $452 from accounts payable to accrued and other current liabilities. This reclassification had no impact on amounts reported in the 2010 Annual Report’s Consolidated Income Statements or net cash from operating activities within the Consolidated Statements of Cash Flows.

Debt

9 Months Ended

Sep. 30, 2011

Debt [Abstract]

DEBT

NOTE 14

DEBT


	September 30,			December 31,
	2011			2010
Short-term loans	$	17		$	1
Current maturities of long-term debt and other		1,251			10
Current deferred gain on interest rate swaps		43			—
Current unamortized discounts and debt issuance costs		(6	)		—

Short-term borrowings and current maturities of long-term debt		1,305			11

Non-current maturities of long-term debt		1,855			1,257
Non-current capital leases		16			60
Deferred gain on interest rate swaps		—			45
Unamortized discounts and debt issuance costs(a)		(3	)		(8	)

Long-term debt		1,868			1,354

Total debt	$	3,173		$	1,365


(a)		Debt issuance costs of $15 associated with the September 2011 issuance for Exelis and Xylem have been presented within Other Assets as of September 30, 2011.

Principal payments required per year on our outstanding long-term notes and debentures for the next five years and thereafter are $0, $2, $500, $0, $850 and $1,754, respectively, however we have classified $1,251 of the amounts due with maturity dates in excess of one year as a current maturity of long-term debt due to our extinguishment of this debt in October 2011.

The fair value of total debt, excluding the deferred gain on interest rate swaps, was $3,360 and $1,483 as of September 30, 2011 and December 31, 2010, respectively. Fair value was primarily determined using prices for the identical security obtained from an external pricing service. The table included below provides a summary of outstanding debt with associated maturity dates and interest rates.


				September 30,				December 31,
				2011				2010
	Interest			Carrying		Fair		Carrying		Fair
	Rate			Value		Value		Value		Value
MATURITY DATE:
May 2014		4.90	%	$	500	$	534	$	500	$	538
September 2016 (Xylem)		3.55	%		600		611		—		—
October 2016 (Exelis)		4.25	%		250		254		—		—
May 2019		6.125	%		500		572		500		553
October 2021 (Xylem)		4.875	%		600		604		—		—
October 2021 (Exelis)		5.55	%		400		406		—		—
November 2025		7.40	%		250		338		250		311
August 2048		(b	)		1		1		1		1
December 2010 - 2014		4.70	%		—		—		66		69
Various 2011 - 2022		(c	)		38		40		11		11

				$	3,139	$	3,360	$	1,328	$	1,483


(b)		Variable rate debt with an interest rate of 0.07% as of September 30, 2011 and 0.19% as of December 31, 2010.

(c)		Includes individually immaterial short-term loans, notes, bonds and capital leases. The weighted average interest rate was 3.73% and 4.86% at September 30, 2011 and December 31, 2010, respectively.

As of September 30, 2011, we were in compliance with all covenants under outstanding debt instruments.

Third Quarter 2011 Issuance of Senior Notes

On September 20, 2011, Exelis Inc. (Exelis), a wholly-owned subsidiary of the Company, issued $250 million aggregate principal amount of 4.25% senior notes due 2016 (the Exelis 2016 Notes) and $400 million aggregate principal amount of 5.55% senior notes due 2021 (the Exelis 2021 Notes and, together with the Exelis 2016 Notes, the Exelis Notes) in a private placement to qualified institutional buyers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Interest on the Exelis Notes accrues from September 20, 2011 and is payable on April 1 and October 1 of each year, commencing on April 1, 2012. Exelis capitalized debt issuance costs of $6, presented within Other Assets, associated with the issuance of the Exelis Notes. The public offering price of the Exelis Notes was 99.824% of the principal amount of the Exelis 2016 Notes and 99.762% of the principal amount of the Exelis 2021 Notes. Exelis used the net proceeds received from the offering of the Exelis Notes to pay a portion of a special cash dividend to the Company and for general corporate purposes.

On September 20, 2011, Xylem Inc. (Xylem), a wholly-owned subsidiary of the Company, issued $600 million aggregate principal amount of 3.550% senior notes due 2016 (the Xylem 2016 Notes) and $600 million aggregate principal amount of 4.875% senior notes due 2021 (the Xylem 2021 Notes and, together with the Xylem 2016 Notes, the Xylem Notes) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act. Interest on the Xylem Notes accrues from September 20, 2011. Interest on the Xylem 2016 Notes is payable on March 20 and September 20 of each year, commencing on March 20, 2012. Interest on the Xylem 2021 Notes is payable on April 1 and October 1 of each year, commencing on April 1, 2012. Xylem capitalized debt issuance costs of $9, presented within Other Assets, associated with the issuance of the Xylem Notes. The public offering price of the Xylem Notes was 99.809% of the principal amount of the Xylem 2016 Notes and 99.935% of the principal amount of the Xylem 2021 Notes. Xylem used the net proceeds received from the offering of the Xylem Notes to pay a special cash dividend to the Company, to repay indebtedness incurred to fund its acquisition of YSI, and for general corporate purposes.

The Exelis and Xylem Notes are initially guaranteed on a senior unsecured basis by ITT. The guarantee will terminate and be automatically and unconditionally released upon the distribution of the common stock of Exelis and Xylem to the holders of the Company’s common stock in connection with the spin-off of each of Exelis and Xylem from the Company.

The Exelis and Xylem Notes include covenants which restrict the ability of each of Exelis and Xylem, subject to exceptions, to incur debt secured by liens and engage in sale and lease-back transactions. The Exelis and Xylem Notes also provide for customary events of default. Each of Exelis and Xylem, as the case may be, may redeem each series of the Exelis Notes or the Xylem Notes, as applicable, in whole or in part, at any time at a redemption price equal to the principal amount of the Exelis Notes or the Xylem Notes, as applicable, to be redeemed, plus a make-whole premium. If a change of control triggering event occurs (as defined in the Notes), each of Exelis or Xylem will be required to make an offer to purchase the Exelis Notes or the Xylem Notes, as applicable, at a price equal to 101% of their principal amount plus accrued and unpaid interest to the date of repurchase.

On September 20, 2011, the Company and Exelis entered into a registration rights agreement with respect to the Exelis Notes (the Exelis Registration Rights Agreement) and the Company and Xylem entered into a registration rights agreement with respect to the Xylem Notes (the Xylem Registration Rights Agreement). The Company and Exelis agreed under the Exelis Registration Rights Agreement, and the Company and Xylem agreed under the Xylem Registration Rights Agreement, to (i) file a registration statement on an appropriate registration form with respect to a registered offer to exchange the Exelis Notes or Xylem Notes, as applicable, for new notes, with terms substantially identical in all material respects to the Exelis Notes or Xylem Notes, as applicable, and (ii) cause the registration statement to be declared effective under the Securities Act.

If the exchange offer is not completed within 365 days after the issue date of the Notes or, if required, Exelis and Xylem, as applicable, will use its reasonable best efforts to file and to have declared effective a shelf registration statement relating to the resales of the Exelis Notes and Xylem Notes, as applicable.

If Exelis or Xylem fails to satisfy this obligation (a registration default) under the Exelis Registration Rights Agreement or Xylem Registration Rights Agreement, respectively, the annual interest rate on the Exelis Notes and Xylem Notes, as applicable, will increase by 0.25%. The annual interest rate on the Exelis Notes and Xylem Notes, as applicable, will increase by an additional 0.25% for each subsequent 90-day period during which the registration default continues, up to a maximum additional interest rate of 1.00% per year. If the registration default is corrected, the applicable interest rate on such Exelis Notes or Xylem Notes, as applicable, will revert to the original level.

If Exelis or Xylem must pay additional interest, Exelis or Xylem will pay it to the holders of the Exelis Notes or the Xylem Notes, as applicable, in cash on the same dates that it makes other interest payments on the Exelis Notes and Xylem Notes, as applicable, until the registration default is corrected.

Termination of Capital Lease

During the second quarter of 2011, we notified the lessor of our intent to terminate a sale leaseback agreement entered into in 2004 by repurchasing the leased property. The leased property includes five manufacturing and office facilities. The repurchase occurred on September 28, 2011 when ITT paid the lessor $66 million related to the capital lease obligation. The termination of the capital lease resulted in a third quarter 2011 charge of $5 which is presented within Transformation Costs in our Consolidated Condensed Income Statements.

Call For Redemption of 4.90% Senior Notes due 2014 and 6.125% Senior Notes due 2019

On September 20, 2011, ITT called all of its 4.90% Senior Notes due May 2014 (the 2014 Notes) and all of its 6.125% Senior Notes due May 2019 (the 2019 Notes). The 2014 and 2019 Notes were redeemed on October 20, 2011. The redemption price for the 2014 Notes was $1,098 per $1,000 par value, plus accrued interest, and the redemption price for the 2019 Notes was $1,235 per $1,000 par value, plus accrued interest. The redemption will result in a loss on extinguishment of $167, plus incidental fees, which will be recorded in the fourth quarter as a Transformation Cost.

Tender Offer for 7.40% Debentures due 2025

On September 20, 2011, we commenced a cash tender offer to purchase up to $100 in principal of our 7.40% Debentures due November 2025 (the 2025 Notes) pursuant to the satisfaction and discharge provisions of the indenture relating to the 2025 Notes. On October 19, 2011, the tender period expired and, $88 of principal was tendered. The tender offer resulted in a loss on extinguishment of $51 which will be recorded in the fourth quarter of 2011 as a Transformation Cost.

Following the completion of the tender offer, on October 21, 2011, we defeased the remaining $162 of principal on the 2025 Notes pursuant to the satisfaction and discharge provisions in the indenture relating to the 2025 Notes. In order to defease the 2025 Notes, on October 20, 2011, we deposited $6 of cash and U.S. treasury securities with a aggregate purchase price of $263 in a trust account. As a result of the defeasance, the 2025 Notes have been extinguished for accounting purposes and are no longer expected to be presented in ITT’s consolidated financial statements. The defeasance resulted in a loss on extinguishment of approximately $107 which will be recorded in the fourth quarter of 2011 as a Transformation Cost.

Third Quarter 2011 Interest Rate Derivatives

Beginning on September 19, 2011, we entered into three forward-starting interest rate swaps and a treasury lock to hedge certain exposure associated with the our plan to extinguish the 2019 Notes and 2025 Notes. The aggregate notional amount of the four contracts is $350 and the contracts mature in October 2011. We did not attempt to qualify for hedge accounting on the contracts. Accordingly, we recognized a $2 gain from the change in fair value of the contracts from inception to September 30, 2011. This gain was recorded as a gain on extinguishment of debt within Transformation Costs. In October 2011, all four of the contracts matured and were settled in cash, resulting in a fourth quarter loss of $5 and an overall loss of $3 which will be recorded as a loss on extinguishment of debt within Transformation Costs.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References + Details

Postretirement Benefit Plans

9 Months Ended

Sep. 30, 2011

Postretirement Benefit Plans [Abstract]

POSTRETIREMENT BENEFIT PLANS

NOTE 15

POSTRETIREMENT BENEFIT PLANS

The following tables provide the components of net periodic benefit cost for pension plans, disaggregated by U.S. and international plans, and other employee-related benefit plans for the three and nine month periods ended September 30, 2011 and 2010.


	2011															2010
							Total			Other												Total			Other
Three Months Ended September 30	U.S.			Int’l			Pension			Benefits			Total			U.S.			Int’l			Pension			Benefits			Total
Net periodic benefit cost:
Service cost	$	30		$	6		$	36		$	1		$	37		$	27		$	4		$	31		$	1		$	32
Interest cost		76			8			84			10			94			77			7			84			10			94
Expected return on plan assets		(102	)		(7	)		(109	)		(6	)		(115	)		(104	)		(6	)		(110	)		(5	)		(115	)
Amortization of net actuarial loss		28			1			29			3			32			20			1			21			2			23
Amortization of prior service cost		1			—			1			—			1			1			—			1			—			1

Net periodic benefit cost		33			8			41			8			49			21			6			27			8			35
Loss from curtailment/special termination benefits		5			—			5			—			5			—			—			—			—			—

Total net periodic benefit cost		38			8			46			8			54			21			6			27			8			35

Other changes in plan assets and benefit obligations recognized in other comprehensive income
Net loss (gain)		949			10			959			—			959			—			—			—			—			—
Prior service cost recognized from curtailment		(3	)		—			(3	)		—			(3	)		—			—			—			—			—
Amortization of net actuarial loss		(28	)		(1	)		(29	)		(3	)		(32	)		(20	)		(1	)		(21	)		(2	)		(23	)
Amortization of prior service cost		(1	)		—			(1	)		—			(1	)		(1	)		—			(1	)		—			(1	)

Total change recognized in other comprehensive income		917			9			926			(3	)		923			(21	)		(1	)		(22	)		(2	)		(24	)

Total impact from net periodic benefit cost and changes in other comprehensive income	$	955		$	17		$	972		$	5		$	977		$	—		$	5		$	5		$	6		$	11


	2011															2010
							Total			Other												Total			Other
Nine Months Ended September 30	U.S.			Int’l			Pension			Benefits			Total			U.S.			Int’l			Pension			Benefits			Total
Net periodic benefit cost:
Service cost	$	87		$	14		$	101		$	5		$	106		$	81		$	12		$	93		$	5		$	98
Interest cost		225			24			249			28			277			230			21			251			30			281
Expected return on plan assets		(307	)		(20	)		(327	)		(17	)		(344	)		(311	)		(18	)		(329	)		(16	)		(345	)
Amortization of net actuarial loss		82			3			85			9			94			61			2			63			8			71
Amortization of prior service cost		3			—			3			(1	)		2			3			—			3			(1	)		2

Net periodic benefit cost		90			21			111			24			135			64			17			81			26			107
Loss from curtailment/special termination benefits		5			—			5			—			5			—			—			—			—			—

Total net periodic benefit cost		95			21			116			24			140			64			17			81			26			107

Other changes in plan assets and benefit obligations recognized in other comprehensive income
Net loss (gain)		949			10			959			—			959			—			—			—			—			—
Prior service cost recognized from curtailment		(3	)		—			(3	)		—			(3	)		—			—			—			—			—
Amortization of net actuarial loss		(82	)		(3	)		(85	)		(9	)		(94	)		(61	)		(2	)		(63	)		(8	)		(71	)
Amortization of prior service cost		(3	)		—			(3	)		1			(2	)		(3	)		—			(3	)		1			(2	)

Total change recognized in other comprehensive income		861			7			868			(8	)		860			(64	)		(2	)		(66	)		(7	)		(73	)

Total impact from net periodic benefit cost and changes in other comprehensive income	$	956		$	28		$	984		$	16		$	1,000		$	—		$	15		$	15		$	19		$	34

We contributed approximately $76 and $13 to our various plans during the nine months ended September 30, 2011 and 2010, respectively. Additional contributions ranging between $8 and $10 are expected during the remainder of 2011.

Plan Design Changes

Substantially all of ITT’s employees are covered under various defined benefit pension plans, defined contribution plans, or both, when they meet the eligibility requirements of the plans. During the third quarter of 2011, the Compensation Committee of ITT’s Board of Directors amended the U.S. retirement programs to more closely align to industry practice. The most significant amendment was to the U.S. Salaried Retirement Plan (U.S. SRP) which will be transferred to Exelis at the Distribution Date. These amendments will be effective on completion of the Distribution of Xylem and Exelis. The plan design changes include eliminating future benefit accruals for a significant portion of employees who will remain with ITT or who transfer to Xylem, accelerating vesting for certain plan participants as of the Distribution Date, and recognizing future services for eligibility purposes for a defined period of time. In addition, the U.S. SRP will no longer be offered to new U.S. hires. Employees remaining with ITT or transferring to Xylem and new hires at each company will be eligible for an enhanced employer contribution to their 401(k).

The Compensation Committee of ITT’s Board of Directors also approved changes in the U.S. SRP for employees transferring to Exelis. The plan design changes for employees transferring to Exelis include providing an irrevocable one-time election to either continue to participate in the U.S. SRP or to enroll in an enhanced 401(k) with greater matching contributions.

In addition, unrelated to the spinoff, we froze one of our international pension plans.

As a result of the third quarter 2011 changes, ITT remeasured its projected benefit obligations and plan assets for certain U.S. and international pension plans, including the U.S. SRP. These actions resulted in an increase to ITT’s net pension liability of $661, primarily related to the U.S. SRP. The deterioration in the funded status resulted from a decrease in the discount rate used to measure the projected benefit obligations and a decline in the fair value of plan assets during the nine months ended September 30, 2011. In addition, we recorded a curtailment loss of $5 during the third quarter of 2011. Substantially all of the deterioration in the funded status was recorded as an after-tax adjustment of $606 to unrecognized actuarial loss included in accumulated other comprehensive income. At September 30, 2011, in the aggregate, ITT’s net postretirement liability was $2,671.

The funded status at the end of 2011 will be remeasured for all postretirement benefit plans using the actual return on assets through December 31, 2011 and will utilize the discount rate at December 31, 2011. Depending on this remeasurement the funded status of our postretirement plans could change materially.

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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+ Details

Long-Term Incentive Employee Compensation

9 Months Ended

Sep. 30, 2011

Long-Term Incentive Employee Compensation [Abstract]

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION

NOTE 16

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION

Our long-term incentive awards program (LTIP) comprises three components: non-qualified stock options (NQOs), restricted stock (RS) and a target cash award (TSR). We account for NQOs and RS as equity-based compensation awards. TSR awards are cash settled and accounted for as liability-based compensation. LTIP employee compensation costs are primarily recorded within Selling, General and Administrative (SG&A) expenses, and are reduced by an estimated forfeiture rate. The following table provides the impact of these costs in our Consolidated Condensed Income Statements for the three and nine month periods ended September 30, 2011 and 2010.


	Three Months					Nine Months
For the Periods Ended September 30	2011		2010			2011		2010
Compensation costs on equity-based awards	$	8	$	7		$	22	$	23
Compensation costs on liability-based awards		2		(7	)		7		(7	)

Total compensation costs, pre-tax	$	10	$	—		$	29	$	16

Future tax benefit	$	3	$	—		$	9	$	4

At September 30, 2011, there was $56 of unrecognized compensation cost related to non-vested NQOs and RS. This cost is expected to be recognized ratably over a weighted-average period of 1.9 years.

Year-to-Date 2011 LTIP Activity

The majority of our LTIP activity occurs during the first quarter of each year. On March 3, 2011, we granted the 2011 LTIP awards. The grants comprised 0.7 NQOs, 0.5 units of RS and 10.8 TSR units with respective grant date fair values of $14.86, $57.68 and $1.00, respectively. The NQOs vest either on the completion of a three-year service period or annually in three equal installments, as determined by employee level, and have a ten-year expiration period. RS and TSR units vest on the completion of a three-year service period.

The fair value of RS corresponds to the closing price of ITT common stock on the date of grant. The fair value of each NQO grant was estimated on the date of grant, using a binomial lattice pricing model that incorporates multiple and variable assumptions over time, including assumptions such as employee exercise patterns, stock price volatility and changes in dividends. The following table details the assumptions utilized to measure fair value.


Dividend yield		1.73	%
Expected volatility		24.75	%
Expected life (in years)		7.0
Risk-free rates		3.06	%
Weighted-average grant date fair value	$	14.86

Expected volatilities are based on ITT’s realized historical stock price volatility and implied volatility derived from traded options on our stock. ITT uses historical data to estimate employee option exercise behavior within the valuation model. Employee groups and option characteristics are considered separately for valuation purposes. The expected life represents an estimate of the period of time options are expected to remain outstanding. The expected life provided above represents the weighted average of expected behavior for certain groups of employees who have historically exhibited different behavior. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of option grant.

The fair value of TSR units is measured on a quarterly basis and corresponds to ITT’s total shareholder return as compared to the total shareholder return of other industrial companies within the S&P 500 composite, subject to a multiplier which includes a 200% maximum and 0% minimum payout. The relative performance ranking calculated is adjusted to reflect expected volatility over the remaining term of the award using a Monte Carlo simulation.

During the first nine months of 2011, 1.3 stock options were exercised resulting in proceeds of $49. Restrictions on 0.4 shares of RS lapsed during the first nine months of 2011 resulting in the issuance of 0.2 shares of common stock. Typically, during the first quarter of each year, cash payments are made to settle TSR awards that vested on December 31st of the preceding year. However, no payments were made during the first quarter of 2011 as the TSR performance metric for the 2008 to 2010 performance period was less than the minimum stipulated in the TSR Award Agreement. During the first quarter of 2010, payments totaling $18 were made to settle the vested 2007 TSR award.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

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

Commitments and Contingencies

9 Months Ended

Sep. 30, 2011

Commitments and Contingencies [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 17

COMMITMENTS AND CONTINGENCIES

From time to time, we are involved in legal proceedings that are incidental to the operation of our businesses. Some of these proceedings allege damages relating to environmental exposures, 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. We will continue to defend vigorously 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 any asserted or unasserted legal claims or proceedings, individually or in the aggregate, will have a material adverse effect on our cash flow, results of operations, or financial condition, unless otherwise noted below.

Asbestos Matters

Background

ITT, including its subsidiary Goulds Pumps, Inc. (Goulds), has been joined as a defendant with numerous other companies in product liability lawsuits alleging personal injury due to asbestos exposure. These claims allege that certain products sold by us or our subsidiaries prior to 1985 contained a part manufactured by a third party (e.g., a gasket) which contained asbestos. To the extent these third-party parts may have contained asbestos, it 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.

Activity related to open claims filed against ITT in various state and federal courts alleging injury as a result of exposure to asbestos during the nine-month period was as follows:


	2011^(a)
Pending claims – 12/31		103,575
New claims		4,220
Settlements		(1,009	)
Dismissals		(2,071	)

Pending claims – 9/30		104,715


(a)		In September 2010, ITT executed an amended cost-sharing agreement related to a business we disposed of a number of years ago. The amended agreement provides for a sharing of costs for claims resolved between 2010 and 2019 naming ITT or the entity which acquired the disposed business. Claim activity associated with the amended cost-sharing agreement for claims that were not filed against ITT are excluded from the table above.

Frequently, plaintiffs are unable to identify any ITT or Goulds product as a source of asbestos exposure. In addition, in a large majority of claims pending against the Company, plaintiffs are unable to demonstrate any injury. Many of those claims have been placed on inactive dockets (including 39,680 claims in Mississippi). Our experience to date is that a substantial portion of resolved claims have been dismissed without payment by the Company. As a result, management believes that a large majority of the pending claims have little or no settlement value. Because claims are sometimes dismissed in large groups, the average cost per resolved claim as well as the number of open claims can fluctuate significantly from period to period.

The Company records an undiscounted asbestos liability, including legal fees, for costs that the Company is estimated to incur to resolve all pending claims, as well as unasserted claims estimated to be filed over the next 10 years. The Company has also recorded an asbestos asset, comprised predominantly of an insurance asset and expected recoveries from other responsible parties. The asbestos asset represents our best estimate of probable recoveries from third parties for pending claims, as well as unasserted claims estimated to be filed over the next 10 years. The timing and amount of reimbursements will vary due to differing policy terms and certain gaps in coverage as a result of possible insurer insolvencies.

The methodology used to estimate our total liability for pending and unasserted future asbestos claims relies on and includes the following key factors:


	n	interpretation of a widely accepted forecast of the population likely to have been occupationally exposed to asbestos;

	n	widely accepted epidemiological studies estimating the number of people likely to develop mesothelioma and lung cancer from exposure to asbestos;

	n	the Company’s historical experience with the filing of non-malignant claims against it and the historical relationship between non-malignant and malignant claims filed against the Company;

	n	analysis of the number of likely asbestos personal injury claims to be filed against the Company based on such epidemiological and historical data and the Company’s most recent claims experience history;

	n	an analysis of the Company’s pending cases, by disease type;

	n	an analysis of the Company’s most recent history to determine the average settlement and resolution value of claims, by disease type;


	n	an analysis of the Company’s defense costs in relation to its settlement costs and resolved claims;

	n	an adjustment for inflation in the future average settlement value of claims and defense costs; and

	n	an analysis of the time over which the Company is likely to resolve asbestos claims.

Our methodology determines a point estimate based upon our assessment of the value of each underlying assumption, rather than a range of estimates of reasonably possible outcomes. Projecting future asbestos costs is subject to numerous variables and uncertainties that are inherently difficult to predict. In addition to the uncertainties surrounding the key factors discussed above, other factors include the long latency period prior to the manifestation of the asbestos-related disease, costs of medical treatment, the impact of bankruptcies of other companies that are co-defendants, uncertainties surrounding the litigation process from jurisdiction to jurisdiction and from case to case, and the impact of potential legislative or judicial changes. Furthermore, any predictions with respect to the variables impacting the estimate of the asbestos liability are subject to even greater uncertainty as the projection period lengthens. In light of the uncertainties and variables inherent in the long-term projection of the Company’s asbestos liability, although it is probable that the Company will incur additional costs for asbestos claims filed beyond the next 10 years, we do not believe there is a reasonable basis for estimating those costs at this time.

We record an asset that represents our best estimate of probable recoveries from insurers and other responsible parties for the estimated asbestos liabilities. In developing this estimate, the Company considers coverage-in-place and other settlement agreements with its insurers and contractual agreements with other responsible parties, as well as a number of additional factors. These additional factors include current levels of recovery experience, the financial viability of the insurance carriers or other responsible parties, the method by which losses will be allocated to the various insurance policies and the years covered by those policies, and interpretation of the various policy and contract terms and limits and their interrelationships. The timing and amount of reimbursements will vary due to differing policy terms and certain gaps in coverage as a result of some insurer insolvencies. In addition, the Company retains an insurance consulting firm to assist management in estimating probable recoveries for pending asbestos claims and for claims estimated to be filed over the next 10 years based on the analysis of policy terms, the likelihood of recovery assuming the continued viability of those insurance carriers and other responsible parties which are currently solvent and incorporating risk mitigation judgments where policy terms or other factors were not certain.

In the third quarter each year, we conduct a detailed study with the assistance of outside consultants to review and update, as appropriate, the underlying assumptions used to estimate our asbestos liability and related assets. As part of our ongoing review of our net asbestos exposures, each quarter we assess most recent data available for the key inputs and assumptions, comparing the data to the expectations on which the most recent annual liability and asset estimate were based. Additionally, we periodically reassess the time horizon over which a reasonable estimate of unasserted claims can be projected.

Results of Operations

In the third quarter of 2011, we conducted our annual detailed study with the assistance of outside consultants to review and update the underlying assumptions used to estimate our asbestos liability and related assets. During this study, the underlying assumptions were updated based on our actual experience since our last detailed review in the third quarter of 2010, a reassessment of the appropriate reference period of years of experience used in determining each assumption and our expectations regarding future conditions, including inflation. Based on the results of this study, we decreased our estimated undiscounted asbestos liability, including legal fees, by $44 to $1,660, reflecting costs that the Company is estimated to incur to resolve all pending claims, as well as unasserted claims estimated to be filed over the next 10 years. The decrease in our estimated liability is a result of several developments, including a reduction in the assumed rate of increase in future average settlement costs and an expectation of lower defense costs relative to indemnities paid. These favorable factors were offset in part by increased activity in several higher-cost jurisdictions, increasing the number of cases expected to be adjudicated.

Further, in the third quarter of 2011, the Company reduced its estimated asbestos-related assets by $76 to $950, based on the results of this study. These assets comprise an insurance asset, as well as receivables from other responsible parties. The decrease in our asbestos-related assets is a result of the decrease in the estimated liability and reductions in expected recovery rates from certain insurers. See discontinued operations discussion below for further information about receivables from parties other than insurers.

The table provided below summarizes the pre-tax asbestos charge for the three and nine month periods ended September 30, 2011 and 2010.


	Three Months						Nine Months
	2011			2010			2011			2010
Continuing operations	$	59		$	341		$	91		$	368
Discontinued operations		(9	)		(10	)		(6	)		(10	)

Total	$	50		$	331		$	85		$	358

Changes in Financial Position

The Company’s estimated asbestos exposure, net of expected recoveries from insurers and other responsible parties, for the resolution of all pending and unasserted asbestos claims estimated to be filed in the next 10 years was $710 and $641 as of September 30, 2011 and December 31, 2010, respectively. The following table provides a rollforward of the estimated total asbestos liability and related assets for the nine months ended September 30, 2011.


	Liability			Asset			Net
Balance — 12/31	$	1,676		$	1,035		$	641
Changes in estimate during the period:
Continuing operations		102			11			91
Discontinued operations		(62	)		(56	)		(6	)
Net cash activity		(56	)		(40	)		(16	)

Balance — 9/30	$	1,660		$	950		$	710

The total asbestos liability as of September 30, 2011 and December 31, 2010 include $139 and $117 presented within accrued liabilities, respectively and related assets of $131 and $105 represented within other current assets for the respective periods.

The asbestos liability and related receivables are based upon current, known information. However, future events affecting the key factors and other variables for either the asbestos liability or related receivables could cause the actual costs and recoveries to be materially higher or lower than currently estimated. Due to these uncertainties, as well as our inability to reasonably estimate any additional asbestos liability for claims which may be filed beyond the next 10 years, it is not possible to predict the ultimate outcome of the cost of resolving the pending and all unasserted asbestos claims. We believe it is possible that future events affecting the key factors and other variables within the next 10 years, as well as the cost of asbestos claims filed beyond the next 10 years, net of expected recoveries, could have a material adverse effect on our financial position, results of operations or cash flows.

Discontinued Operations:

At September 30, 2011 and December 31, 2010, $230 and $292 of the liability and $229 and $285 of the asset related to a business which we disposed of a number of years ago that is reported as a discontinued operation. In September 2010 we executed an amended cost sharing agreement with the entity that acquired the disposed business. The amended agreement provides for a sharing of the claims settled between 2010 and 2019 naming ITT or the entity which acquired the disposed business. In the future years, the liability for sharing the claims gradually transitions away from ITT such that ITT will have no responsibility for claims in 8 to 9 years. The amended cost sharing agreement also provides for the sharing of certain insurance policies.

Future Cash Flows:

We have estimated that we will be able to recover 65% of the asbestos costs (defense and settlement costs) for pending claims as well as unasserted claims estimated to be filed over the next 10 years from our insurers or other responsible parties. However, because there are gaps in our insurance coverage, reflecting the insolvency of certain insurers and prior insurance settlements, and we expect that certain policies from some of our insurers will exhaust within the next 10 years, the recovery percentage is expected to decline for potential additional asbestos liabilities. In the tenth year of our estimate of the asbestos claims liability, our insurance recoveries are currently projected to be approximately 20%. Future recoverability rates may also be impacted by other factors, such as future insurance settlements, insolvencies and judicial determinations relevant to our coverage program, which are difficult to predict. Subject to the qualifications regarding uncertainties previously described, it is expected that future annual cash payments, net of recoveries related to pending claims and unasserted claims to be filed within the next 10 years, will extend through approximately 2025 due to the time lag between the filing of a claim and its resolution. These annual net cash outflows are projected to average $20 over the next five years, as compared to an approximate average $10 per year over the past three years, and increase to an average of approximately $50 to $60 over the remainder of the projection period.

Other Matters

The Company is involved in coverage litigation with various insurers seeking recovery of costs incurred in connection with certain environmental and product liabilities. In a suit filed in 1991, ITT Corporation, et al. v. Pacific Indemnity Corporation et al, Sup. Ct., Los Angeles County, we are seeking recovery of costs related to environmental losses. Discovery, procedural matters, changes in California law, and various appeals have prolonged this case. For several years, the case was on appeal before the California Court of Appeals from a decision by the California Superior Court dismissing certain claims made by ITT. The case is now before the Superior Court, which has scheduled several trials on dispositive issues for early 2012.

On February 13, 2003, we commenced an action, Cannon Electric, Inc. v. Affiliated FM Ins. Co., Sup. Ct., Los Angeles County, seeking recovery of costs related to asbestos product liability losses described above. During this coverage litigation, we entered into coverage-in-place settlement agreements with ACE, Wausau and Utica Mutual dated April 2004, September 2004, and February 2007, respectively. These agreements provide specific coverage for the Company’s legacy asbestos liabilities. A trial on several insurers coverage obligations for Goulds Pumps, Inc., is scheduled for November 2011. We continue to negotiate coverage in place agreements with other insurers. Where those negotiations are not productive, we will request that a trial be scheduled.

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. We were assessed a total of $50 in fines, forfeitures and penalties. 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. We were also assessed a deferred prosecution monetary penalty of $50 which is being reduced for monies spent, during the five-year period following the date of the Plea Agreement, to accelerate and further the development and fielding of advanced night vision technology. On April 12, 2011, the Department of Justice dismissed the deferred third count of the Deferred Prosecution Agreement. This dismissal terminates any further obligation of the Company under the Deferred Prosecution Agreement with the exception of our obligation to pay $50 as identified above. Management believes that this matter will not have a material adverse effect on our consolidated condensed financial position, results of operations or cash flows.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Guarantees	9 Months Ended
Guarantees	Sep. 30, 2011
Guarantees [Abstract]
GUARANTEES	NOTE 18 GUARANTEES We have a number of guarantees outstanding at September 30, 2011, the substantial majority of which pertain to our performance under long-term sales contracts. We did not have any recorded loss contingencies under these performance guarantees as of September 30, 2011 or December 31, 2010 as the likelihood of nonperformance by ITT or ITT’s subsidiaries is considered remote. We also have certain third-party guarantees that may be affected by various conditions and external factors, some of which could require that payments be made under such guarantees. We do not consider the maximum exposure or current recorded liabilities under our third-party guarantees to be material either individually or in the aggregate. We do not believe such payments would have a material adverse impact on the financial position, results of operations or cash flows on a consolidated basis. In December 2007, we entered into a sale leaseback agreement for our corporate aircraft, with the aircraft leased to ITT under a five-year operating lease and provided a residual value guarantee to the lessor for the future value of the aircraft. During the second quarter of 2011, we purchased the aircraft from the lessor for $50, the price stated in the sale leaseback agreement, and as such the sale leaseback agreement and the associated residual value guarantee were terminated. In connection with the second quarter purchase transaction we settled the previously recorded $22 loss and recognized an additional charge of $3, presented within SG&A expenses. In the third quarter of 2011, we sold an aircraft that was classified as held for sale as of June 30, 2011. The sale resulted in proceeds of $26 and a pre-tax gain of $3 presented within the SG&A expenses of our Consolidated Condensed Income Statements.

Segment Information

9 Months Ended

Sep. 30, 2011

Segment Information [Abstract]

SEGMENT INFORMATION

NOTE 19

SEGMENT INFORMATION

The Company’s segments are reported on the same basis used internally for evaluating performance and for allocating resources. Our three reportable segments are referred to as: Defense & Information Solutions (Defense segment), Fluid Technology (Fluid segment), and Motion & Flow Control (Motion & Flow segment). Corporate and Other consists of corporate office expenses including compensation, benefits, occupancy, depreciation, and other administrative costs, as well as charges related to certain matters, such as the planned spinoff transaction, and asbestos and environmental matters, that are managed at a corporate level and are not included in the business segments in evaluating performance or allocating resources. Assets of the business segments exclude general corporate assets, which principally consist of cash, deferred tax assets, asbestos-related receivables, certain property, plant and equipment, and certain other assets.

Defense – The businesses in this segment are those that directly serve the military and government agencies with products and services. Products include tactical communications equipment, electronic warfare and force protection equipment, radar systems, integrated structures equipment and imaging and sensor equipment, which include night vision goggles, as well as weather, location, surveillance and other related technologies. Services include air traffic management, information and cyber solutions, large-scale systems engineering and integration and defense technologies. The U.S. Government accounted for approximately 88% of Defense segment revenue during the three and nine month periods ended September 30, 2011 and 2010.

Fluid – Our Fluid segment is a provider of water transport and wastewater treatment systems, pumps and related technologies, and other water and fluid control products with residential, commercial, and industrial applications.

Motion & Flow – Our Motion & Flow segment comprises a group of businesses providing products and services for the areas of transportation, defense, aerospace, industrial, computer, telecommunications, medical, marine, and food & beverage. The Motion & Flow businesses primarily serve the high end of their markets, with highly engineered products, high brand recognition, a focus on new product development and operational excellence.


Three Months Ended September 30	2011 – Revenue								2010 – Revenue
	Product			Service		Total			Product			Service		Total
Defense	$	744		$	785	$	1,529		$	810		$	556	$	1,366
Fluid		1,034			35		1,069			884			33		917
Motion & Flow		384			2		386			361			2		363
Eliminations		(3	)		—		(3	)		(3	)		—		(3	)

Total	$	2,159		$	822	$	2,981		$	2,052		$	591	$	2,643


Nine Months Ended September 30	2011 – Revenue								2010 – Revenue
	Product			Service		Total			Product			Service		Total
Defense	$	2,109		$	2,265	$	4,374		$	2,538		$	1,724	$	4,262
Fluid		3,035			134		3,169			2,498			96		2,594
Motion & Flow		1,224			6		1,230			1,106			7		1,113
Eliminations		(8	)		—		(8	)		(9	)		—		(9	)

Total	$	6,360		$	2,405	$	8,765		$	6,133		$	1,827	$	7,960


	Operating Income												Operating Margin
For the Periods Ended September 30	3M 2011			3M 2010			9M 2011			9M 2010			3M 2011			3M 2010			9M 2011			9M 2010
Defense	$	178		$	178		$	456		$	513			11.6	%		13.0	%		10.4	%		12.0	%
Fluid		144			115			430			336			13.5	%		12.5	%		13.6	%		13.0	%
Motion & Flow		49			46			170			144			12.7	%		12.7	%		13.8	%		12.9	%
Corporate and Other		(219	)		(371	)		(456	)		(456	)		—			—			—			—

Total	$	152		$	(32	)	$	600		$	537			5.1	%		(1.2	)%		6.8	%		6.7	%


					Plant, Property &				Capital				Depreciation &
	Total Assets				Equipment, Net				Expenditures				Amortization
Nine Months Ended September 30	2011		2010^(a)		2011		2010^(a)		2011		2010		2011		2010
Defense	$	4,415	$	4,149	$	459	$	434	$	55	$	73	$	100	$	99
Fluid		4,763		4,055		502		518		83		50		109		69
Motion & Flow		1,490		1,372		227		230		31		26		42		39
Corporate and Other		4,420		2,862		26		23		17		25		6		7

Total	$	15,088	$	12,438	$	1,214	$	1,205	$	186	$	174	$	257	$	214


^(a)		Amounts reflect balances as of December 31, 2010.

The operations from one of our subsidiaries reported within the Fluid segment as of December 31, 2010 was reclassified during the first quarter of 2011 and is now reported within the Motion & Flow segment. Prior periods presented in the tables above have been retrospectively adjusted to reflect this change.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
-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.

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+ Details

Subsequent Events	9 Months Ended
Subsequent Events	Sep. 30, 2011
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 20 SUBSEQUENT EVENTS *Board Approval for Distribution of Exelis Inc. and Xylem Inc. Common Stock* On October 5, 2011, the ITT Board of Directors declared a pro rata dividend of Exelis Common Stock and Xylem Common Stock, to be made on October 31, 2011, or such other date whereby conditions to the Distribution are satisfied or waived, to ITT’s shareholders of record as of the close of business on October 17, 2011. Each ITT stockholder will receive a dividend of one share of Exelis Common Stock and one share of Xylem Common Stock for every one share of ITT Common Stock that they hold on the Record Date. *Board Approval for ITT Common Stock Reverse Stock Split* On October 5, 2011, the ITT Board of Directors approved a reverse stock split of ITT Common Stock at a ratio of one share for every two shares held. The reverse stock split will be affected after market close on October 31,2011. The effect of the reverse stock split has not been reflected in these financial statements. *Board Declares ITT Fourth Quarter 2011 Dividend* On October 5, 2011, the Board declared a quarterly dividend in respect of the fourth quarter, after giving effect to the reverse stock split, of 9.1 cents per share to shareholders of record on November 11, 2011 (equivalent to 4.55 cents per share on a pre-reverse stock split basis). The ITT cash dividend will be payable December 31, 2011. *New Revolving Credit Facilities* ITT Revolving Credit Facility On October 25, 2011, we entered into a competitive advance and revolving credit facility agreement (the ITT 2011 Revolving Credit Agreement) with a consortium of third party lenders including JP Morgan Chase Bank, N.A., as administrative agent, and Citibank, N.A. as syndication agent. Upon its effectiveness at the Distribution, this agreement replaced our existing $1,500 three-year revolving credit facility due August 2013. The ITT 2011 Revolving Credit Agreement provides for a four-year maturity with a one-year extension option upon satisfaction of certain conditions, and comprises an aggregate principal amount of up to $500 of (i) revolving extensions of credit (the revolving loans) outstanding at any time, (ii) competitive advance borrowing option which will be provided on an uncommitted competitive advance basis through an auction mechanism (the competitive advances), and (iii) letters of credit in a face amount up to $100 at any time outstanding. Subject to certain conditions, we are permitted to terminate permanently the total commitments and reduce commitments in minimum amounts of $10. We are also permitted, subject to certain conditions, to request that lenders increase the commitments under the facility by up to $200 for a maximum aggregate principal amount of $700. Voluntary prepayments are permitted in minimum amounts of $50. At our election, the interest rate per annum applicable to the competitive advances will be based on either (i) a Eurodollar rate determined by reference to LIBOR, plus an applicable margin offered by the lender making such loans and accepted by us or (ii) a fixed percentage rate per annum specified by the lender making such loans. At our election, interest rate per annum applicable to the revolving loans will be based on either (i) a Eurodollar rate determined by reference to LIBOR, adjusted for statutory reserve requirements, plus an applicable margin or (ii) a fluctuating rate of interest determined by reference to the greatest of (a) the prime rate of JPMorgan Chase Bank, N.A., (b) the federal funds effective rate plus one-half of 1% or (c) the 1-month LIBO rate, adjusted for statutory reserve requirements, plus 1%, in each case, plus an applicable margin. Our obligations under the credit facility will be unconditionally guaranteed by each of our direct or indirect domestic subsidiaries. The credit facility contains customary affirmative and negative covenants that, among other things, will limit or restrict our ability to: incur additional debt or issue guarantees; create liens; enter into certain sale and lease-back transactions; merge or consolidate with another person; sell, transfer, lease or otherwise dispose of assets; liquidate or dissolve; and enter into restrictive covenants. Additionally, the credit facility agreement requires us not to permit the ratio of consolidated total indebtedness to consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) (leverage ratio) to exceed 3.00 to 1.00 at any time, or the ratio of consolidated EBITDA to consolidated interest expense (interest coverage ratio) to be less than 3.00 to 1.00. Exelis & Xylem Revolving Credit Facilities On October 25, 2011, both Exelis and Xylem entered into separate four-year credit facility agreements with underlying terms and conditions similar to the ITT 2011 Revolving Credit Agreement described above. On its effectiveness, the Exelis credit facility will provide for a four-year maturity, with potential one year extension option, and comprises an aggregate principal amount of up to $600 million and a maximum principal amount of $800. On its effectiveness, the Xylem credit facility will provide for a four-year maturity, with potential one year extension option, and comprises an aggregate principal amount of up to $600 million and a maximum principal amount of $800. The Exelis and Xylem credit facilities require each company not to permit the ratio of consolidated total indebtedness to consolidated EBITDA (leverage ratio) to exceed 3.50 to 1.00 at any time. On October 28, 2011, Exelis borrowed $240 under the revolving credit facility. *Extinguishment of Debt* On October 20, 2011, we completed the early retirement of all debentures outstanding under the 4.90% May 2014 Senior Notes and 6.125% May 2019 Senior Notes. In addition, on October 19, 2011 we completed a tender offer for our 2025 Notes through which $88 of debentures was extinguished. In addition, on October 21, 2011 we defeased the remaining $162 of 2025 Notes that were not tendered pursuant to the satisfaction and discharge provisions of the indenture relating to the 2025 Notes. The early retirement of these debt instruments will result in a fourth quarter 2011 loss on the extinguishment of debt of $325, which will be offset in part by the realization of a deferred gain on interest rate swaps. See Note 14 to our Consolidated Condensed Financial Statements for further information regarding the extinguishment of debt. *Agreements with Exelis and Xylem Related to the Transformation* On October 25, 2011, ITT, Exelis, and Xylem executed the various agreements that will govern the ongoing relationships between the three companies after the Distribution and provide for the allocation of employee benefits, income taxes, and certain other liabilities and obligations attributable to periods prior to the Distribution. The executed agreements include the Distribution Agreement, Benefits and Compensation Matters Agreement, Tax Matters Agreement, and Master Transition Services Agreement and a number of on-going commercial relationships. The Distribution Agreement also provides for certain indemnifications and cross-indemnifications among ITT, Exelis, and Xylem. The indemnifications address a variety of subjects, including asserted and unasserted product liability matters (e.g., asbestos claims, product warranties), which relate to products sold prior to the Distribution Date. The indemnifications are absolute and indefinite. The indemnification associated with pending and future asbestos claims does not expire. Effective upon the Distribution, we intend for certain intercompany work orders and/or informal intercompany commercial arrangements to be converted into third-party contracts based on ITT’s standard terms and conditions.

Recent Accounting Pronouncements (Policies)	9 Months Ended
Recent Accounting Pronouncements (Policies)	Sep. 30, 2011
Recent Accounting Pronouncements [Abstract]
Basis of Presentation	ITT Corporation is a global multi-industry leader in high-technology engineering and manufacturing, operating through three segments: Defense & Information Solutions (Defense segment), Fluid Technology (Fluid segment) and Motion & Flow Control (Motion & Flow segment). 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. 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. We believe that the disclosures made are adequate to make the information presented not misleading. We consistently applied the accounting policies described in ITT’s 2010 Annual Report on Form 10-K (2010 Annual Report) in preparing these unaudited financial statements, with the exception of accounting standard updates, described in Note 3, “Recent Accounting Pronouncements,” adopted on January 1, 2011. Certain prior year amounts have been reclassified to conform to current year presentation, as described within these Notes to the Consolidated Condensed Financial Statements. These financial statements should be read in conjunction with the financial statements and notes thereto included in our 2010 Annual Report.
Foreign Currency Translation	The national currencies of our foreign companies are generally the functional currencies. Balance sheet accounts are translated at the exchange rate in effect at the end of each period; income statement accounts are translated at the average rates of exchange prevailing during the period. Gains and losses on foreign currency translations are reflected in the cumulative translation adjustments component of shareholders’ equity. Net gains or losses from foreign currency transactions are reported currently in selling, general and administrative expenses, and in the third quarter of 2011 include $14 of losses generally pertaining to legacy transactions.
Use of Estimates	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Estimates are revised as additional information becomes available. Estimates and assumptions are used for, but not limited to, asbestos-related liabilities and recoveries from insurers and other responsible parties, postretirement obligations and assets, revenue recognition, income tax contingency accruals and valuation allowances, goodwill impairment testing and contingent liabilities. Actual results could differ from these estimates.
Financial Periods	ITT’s quarterly financial periods end on the Saturday closest to the last day of the calendar quarter, except for the last quarterly period of the fiscal year, which ends on December 31st. For ease of presentation, the quarterly financial statements included herein are described as ending on the last day of the calendar quarter.
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent Accounting Pronouncements, Adopted	<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: ITT-20110930_note3_accounting_policy_table1 - us-gaap:NewAccountingPronouncementOrChangeInAccountingPrincipleDescription--> <div align="left" style="font-size: 1pt; font-family: Arial, Helvetica"> <div style="margin-left: 0%"> <div align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 2%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> In December 2010, the Financial Accounting Standards Board (FASB) issued additional guidance applicable to the testing of goodwill for potential impairment. Specifically, for reporting units with zero or negative carrying amounts, an entity is required to perform the second step of the goodwill impairment test (a comparison between the carrying amount of a reporting unit’s goodwill to its implied fair value) if it is more likely than not that a goodwill impairment exists, considering any adverse qualitative factors. This guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2010. As of the date of our most recent goodwill impairment test, none of our reporting units would have been affected by the application of this guidance as each reporting unit had a carrying amount that exceeded zero. </div> <div style="margin-top: 12pt; font-size: 1pt"> </div> <div align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 2%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> In April 2010, the FASB issued authoritative guidance permitting use of the milestone method of revenue recognition for research or development arrangements that contain payment provisions or consideration contingent on the achievement of specified events. On January 1, 2011, we adopted the new guidance on a prospective basis. The adoption of this guidance did not have a material impact on our financial condition, results of operations or cash flows. </div> <div style="margin-top: 12pt; font-size: 1pt"> </div> <div align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 2%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> In October 2009, the FASB issued amended guidance on the accounting for revenue arrangements that contain multiple elements by eliminating the criteria that objective and reliable evidence of fair value for undelivered products or services needs to exist in order to be able to account separately for deliverables and eliminating the use of the residual method of allocating arrangement consideration. The amendments establish a hierarchy for determining the selling price of a deliverable and will allow for the separation of products and services in more instances than previously permitted. </div> <div style="margin-top: 12pt; font-size: 1pt"> </div> <div align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 2%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> We adopted the new multiple element guidance effective January 1, 2011 for new arrangements entered into or arrangements materially modified on or after that date on a prospective basis. In connection with the adoption of the revised multiple element arrangement guidance, we revised our revenue recognition accounting policies. For multiple deliverable arrangements entered into or materially modified on or after January 1, 2011, we recognize revenue for a delivered element based on the relative selling price if the deliverable has stand-alone value to the customer and, in arrangements that include a general right of return relative to the delivered element, performance of the undelivered element is considered probable and substantially in the Company’s control. The selling price for a deliverable is based on vendor-specific objective evidence of selling price (VSOE), if available, third-party evidence of selling price (TPE), if VSOE is not available, or best estimated selling price (BESP), if neither VSOE nor TPE is available. </div> <div style="margin-top: 12pt; font-size: 1pt"> </div> <div align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 2%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> The deliverables in our arrangements with multiple elements include various products and may include related services, such as installation and <font style="white-space: nowrap">start-up</font> services. For multiple element arrangements entered into or materially modified after adoption of the revised multiple element arrangement guidance, we allocate arrangement consideration based on the relative selling prices of the separate units of accounting determined in accordance with the hierarchy described above. For deliverables that are sold separately, we establish VSOE based on the price when the deliverable is sold separately. We establish TPE, generally for services, based on prices similarly situated customers pay for similar services from third party vendors. For those deliverables for which we are unable to establish VSOE or TPE, we estimate the selling price considering various factors including market and pricing trends, geography, product customization, and profit objectives. Revenue allocated to products and services is generally recognized as the products are delivered and the services are performed, provided all other revenue recognition criteria have been satisfied. The adoption of the new multiple element guidance did not result in a material change in either the units of accounting or the pattern or timing of revenue recognition. Additionally, the adoption of the revised multiple element arrangement guidance did not have a material impact on our financial condition, results of operations or cash flows. </div> <div style="margin-top: 12pt; font-size: 1pt"> </div> <div align="left" style="margin-left: 0%; margin-right: 0%; text-indent: 2%; font-size: 10pt; font-family: Arial, Helvetica; color: #000000; background: transparent"> In October 2009, the FASB amended the accounting requirements for software revenue recognition. The objective of this update is to address the accounting for revenue arrangements that contain tangible products and software. Specifically, products that contain software that is “more than incidental” to the product as a whole will be removed from the scope of the software revenue recognition literature. The amendments align the accounting for these revenue transaction types with the amendments described for multiple element arrangements above. We adopted the provisions of this guidance for new or materially modified arrangements entered into on or after January 1, 2011 on a prospective basis. The adoption of this guidance did not have a material impact on our financial condition, results of operations or cash flows. </div> </div> </div>
Pronouncements Not Yet Adopted
Recent Accounting Pronouncements, Not Yet Adopted	In September 2011, the FASB provided companies with the option to make an initial qualitative evaluation, based on the entity’s events and circumstances, to determine the likelihood of goodwill impairment. The result of this qualitative assessment determines whether it is necessary to perform the currently required two-step impairment test. If it is more likely than not that the fair value of a reporting unit is less than its carrying amount, a company would be required to perform the two-step impairment test. This guidance is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011, with early adoption permitted. The Company could elect to apply the option to any goodwill impairment test performed after December 31, 2011; however, the amendments are not expected to have a material effect on the Company’s Consolidated Condensed Financial Statements. In May 2011, the FASB issued guidance intended to achieve common fair value measurements and related disclosures between U.S. GAAP and international accounting standards. The amendments primarily clarify existing fair value guidance and are not intended to change the application of existing fair value measurement guidance. However, the amendments include certain instances where a particular principle or requirement for measuring fair value or disclosing information about fair value measurements has changed. This guidance is effective for the periods beginning after December 15, 2011 and early application is prohibited. We will adopt these amendments on January 1, 2012; however, the amendments are not expected to have a material effect on the Company’s Consolidated Condensed Financial Statements.

- Definition

Disclosure related to a new accounting pronouncement or a change in accounting principle, including the nature and reason for the change and the effect of the change on prior periods and the current period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 154
-Paragraph 2, 17, 18
-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 AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 28
-Paragraph 23, 24
-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 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 01
-Paragraph b
-Subparagraph 6
-Article 10

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 11
-Section M

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22499-107794

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22580-107794

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Indirect Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6515603

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Accounting Change
-URI http://asc.fasb.org/extlink&oid=6503790

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6507316

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Direct Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6510796

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section S99
-Paragraph 5
-Subparagraph (SAB TOPIC 11.M)
-URI http://asc.fasb.org/extlink&oid=6369664&loc=d3e31137-122693

Reference 12: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22583-107794

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Retrospective Application
-URI http://asc.fasb.org/extlink&oid=6523989

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
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-Paragraph 12
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Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305

+ Details

Company Transformation (Tables)

9 Months Ended

Sep. 30, 2011

Company Transformation [Abstract]

Components of transformation costs


	Three			Nine
For the Periods Ended September 30, 2011	Months			Months
Transformation Costs:
Non-cash asset impairment	$	9		$	64
Advisory fees		32			75
IT costs		36			58
Lease termination and other real estate costs		10			13
Loss on early extinguishment of debt		3			3
Employee retention and other compensation costs		23			36
Other costs		19			30

Transformation costs in operating income		132			279
Tax-related separation (benefit) costs(a)		(4	)		10

Total transformation costs before tax benefit		128			289
Income tax benefit		(35	)		(87	)

Total transformation costs, net of tax impact	$	93		$	202


(a)		In the third quarter of 2011, we revised our estimate of certain costs to be incurred related to tax-related separation costs. This adjustment resulted in a $4 net credit (income) for tax-related separation costs during the third quarter of 2011.

Roll Forward of Transformational Accrual


Transformation accrual – 12/31	$	2
Charges actions during the period		289
Cash payments		(137	)
Pension curtailment		(5	)
Asset impairment		(64	)

Transformation accrual – 9/30	$	85

Restructuring and Asset Impairment Charges (Tables)

9 Months Ended

Sep. 30, 2011

Restructuring and Asset Impairment Charges [Abstract]

Restructuring and asset impairment charges


	Three Months				Nine Months
For the Periods Ended September 30	2011		2010		2011		2010
Restructuring costs presented in costs of revenue	$	—	$	3	$	6	$	12
Restructuring costs presented in operating expenses		—		3		7		30
Asset impairment		2		—		3		—

Total restructuring and asset impairment costs	$	2	$	6	$	16	$	42

Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2011

Earnings Per Share [Abstract]

Basic and diluted earnings per share


	Three Months				Nine Months
For the Periods Ended September 30	2011		2010		2011		2010
Income from continuing operations	$	71	$	12	$	365	$	382

Weighted average common shares outstanding		184.4		182.5		184.0		182.2

Add: Weighted average restricted stock awards outstanding(a)		1.1		1.6		1.2		1.6

Basic weighted average common shares outstanding		185.5		184.1		185.2		183.8
Add: Dilutive impact of stock options		1.0		1.2		1.4		1.4

Diluted weighted average common shares outstanding		186.5		185.3		186.6		185.2
Basic earnings per share from continuing operations	$	0.38	$	0.07	$	1.97	$	2.08
Diluted earnings per share from continuing operations	$	0.38	$	0.07	$	1.96	$	2.06


(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 earnings


	Three Months				Nine Months
For the Periods Ended September 30	2011		2010		2011		2010
Anti-dilutive stock options		2.6		2.2		1.8		2.1
Average exercise price	$	55.26	$	54.30	$	56.55	$	54.42

Receivables, Net (Tables)

9 Months Ended

Sep. 30, 2011

Receivables, Net [Abstract]

Receivables, Net


	September 30,
	2011			December 31, 2010
Trade accounts receivable	$	1,662		$	1,579
Unbilled contract receivables		543			367
Other		43			47

Receivables, gross		2,248			1,993
Allowance for doubtful accounts		(43	)		(42	)
Allowance for cash discounts		(7	)		(7	)

Receivables, net	$	2,198		$	1,944

Inventories, Net (Tables)

9 Months Ended

Sep. 30, 2011

Inventories, Net [Abstract]

Inventories, Net


	September 30,
	2011			December 31, 2010
Finished goods	$	247		$	231
Work in process		122			88
Raw materials		386			317

Total product inventory		755			636
Production costs of contracts in process		325			296
Less – progress payments		(69	)		(76	)

Production costs of contracts in process, net		256			220

Inventories, net	$	1,011		$	856

Other Current and Non-Current Assets (Tables)

9 Months Ended

Sep. 30, 2011

Other Current and Non-Current Assets [Abstract]

Other Current and Non Current Assets


	September 30,
	2011		December 31, 2010
Current deferred income taxes	$	288	$	280
Asbestos-related current assets		131		105
Other		233		177

Other current assets	$	652	$	562

Deferred income tax	$	887	$	554
Other employee benefit-related assets		108		106
Capitalized software costs		72		118
Other		141		88

Other non-current assets	$	1,208	$	866

Plant, Property and Equipment, Net (Tables)

9 Months Ended

Sep. 30, 2011

Plant, Property and Equipment, Net [Abstract]

Plant, Property and Equipment, Net


	September 30,
	2011			December 31, 2010
Land and improvements	$	60		$	59
Buildings and improvements		700			642
Machinery and equipment		1,897			1,809
Equipment held for lease or rental		149			132
Furniture, fixtures and office equipment		238			231
Construction work in progress		132			160
Other		49			29

Plant, property and equipment, gross		3,225			3,062
Less – accumulated depreciation		(2,011	)		(1,857	)

Plant, property and equipment, net	$	1,214		$	1,205

Goodwill and Other Intangible Assets, Net (Tables)

9 Months Ended

Sep. 30, 2011

Goodwill and Other Intangible Assets, Net [Abstract]

Changes in the carrying amount of goodwill


						MOTION &
	DEFENSE			FLUID		FLOW		TOTAL
Goodwill — 12/31	$	2,156		$	1,634	$	487	$	4,277
Foreign currency		—			2		1		3
Acquisitions		—			190		3		193
Other		(2	)		—		—		(2	)

Goodwill — 9/30	$	2,154		$	1,826	$	491	$	4,471

Other intangible assets, net


	SEPTEMBER 30, 2011							DECEMBER 31, 2010
	GROSS							GROSS
	CARRYING		ACCUMULATED			NET		CARRYING		ACCUMULATED			NET
	AMOUNT		AMORTIZATION			INTANGIBLES		AMOUNT		AMORTIZATION			INTANGIBLES
Customer and distributor relationships	$	903	$	(368	)	$	535	$	855	$	(312	)	$	543
Proprietary technology		144		(42	)		102		109		(35	)		74
Trademarks		36		(13	)		23		35		(10	)		25
Patents and other		29		(20	)		9		32		(18	)		14
Indefinite-lived intangibles		160		—			160		110		—			110

Other Intangible Assets	$	1,272	$	(443	)	$	829	$	1,141	$	(375	)	$	766

Estimated amortization expense related to intangible assets


Remaining 2011	$	23
2012		79
2013		64
2014		59
2015		55
2016		52

Total	$	332

- Definition

Tabular disclosure of goodwill by reportable segment and in total. Disclosure details may include, but are not limited to, the carrying amount of goodwill, goodwill acquired during the year, goodwill impairment losses recognized, goodwill written-off due to the sale of a business unit, goodwill not yet allocated, and any other changes to goodwill.

+ References + Details

Accrued and Other Current Liabilities and Other Non-Current Liabilities (Tables)

9 Months Ended

Sep. 30, 2011

Accrued and Other Current Liabilities And Other Non-Current Liabilities [Abstract]

Accrued Liabilities and Other Non-Current Liabilities, Net


	September 30,		December 31,
	2011		2010
Compensation and other employee-related benefits	$	625	$	625
Customer advances and deferred revenue		470		478
Asbestos-related liability		139		117
Other accrued liabilities		521		494

Accrued and other current liabilities	$	1,755	$	1,714

Deferred income taxes and other tax-related accruals	$	250	$	179
Environmental		137		128
Compensation and other employee-related benefits		130		117
Product liability, guarantees and other legal matters		51		52
Other		51		66

Other non-current liabilities	$	619	$	542

Debt (Tables)

9 Months Ended

Sep. 30, 2011

Debt [Abstract]

Debt


	September 30,			December 31,
	2011			2010
Short-term loans	$	17		$	1
Current maturities of long-term debt and other		1,251			10
Current deferred gain on interest rate swaps		43			—
Current unamortized discounts and debt issuance costs		(6	)		—

Short-term borrowings and current maturities of long-term debt		1,305			11

Non-current maturities of long-term debt		1,855			1,257
Non-current capital leases		16			60
Deferred gain on interest rate swaps		—			45
Unamortized discounts and debt issuance costs(a)		(3	)		(8	)

Long-term debt		1,868			1,354

Total debt	$	3,173		$	1,365


(a)		Debt issuance costs of $15 associated with the September 2011 issuance for Exelis and Xylem have been presented within Other Assets as of September 30, 2011.

Summary of outstanding debt


				September 30,				December 31,
				2011				2010
	Interest			Carrying		Fair		Carrying		Fair
	Rate			Value		Value		Value		Value
MATURITY DATE:
May 2014		4.90	%	$	500	$	534	$	500	$	538
September 2016 (Xylem)		3.55	%		600		611		—		—
October 2016 (Exelis)		4.25	%		250		254		—		—
May 2019		6.125	%		500		572		500		553
October 2021 (Xylem)		4.875	%		600		604		—		—
October 2021 (Exelis)		5.55	%		400		406		—		—
November 2025		7.40	%		250		338		250		311
August 2048		(b	)		1		1		1		1
December 2010 - 2014		4.70	%		—		—		66		69
Various 2011 - 2022		(c	)		38		40		11		11

				$	3,139	$	3,360	$	1,328	$	1,483


(b)		Variable rate debt with an interest rate of 0.07% as of September 30, 2011 and 0.19% as of December 31, 2010.

(c)		Includes individually immaterial short-term loans, notes, bonds and capital leases. The weighted average interest rate was 3.73% and 4.86% at September 30, 2011 and December 31, 2010, respectively.

Postretirement Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2011

Postretirement Benefit Plans [Abstract]

Net periodic benefit cost and other amounts recognized in other comprehensive income (loss) of pension plans and other employee related benefit plans


	2011															2010
							Total			Other												Total			Other
Three Months Ended September 30	U.S.			Int’l			Pension			Benefits			Total			U.S.			Int’l			Pension			Benefits			Total
Net periodic benefit cost:
Service cost	$	30		$	6		$	36		$	1		$	37		$	27		$	4		$	31		$	1		$	32
Interest cost		76			8			84			10			94			77			7			84			10			94
Expected return on plan assets		(102	)		(7	)		(109	)		(6	)		(115	)		(104	)		(6	)		(110	)		(5	)		(115	)
Amortization of net actuarial loss		28			1			29			3			32			20			1			21			2			23
Amortization of prior service cost		1			—			1			—			1			1			—			1			—			1

Net periodic benefit cost		33			8			41			8			49			21			6			27			8			35
Loss from curtailment/special termination benefits		5			—			5			—			5			—			—			—			—			—

Total net periodic benefit cost		38			8			46			8			54			21			6			27			8			35

Other changes in plan assets and benefit obligations recognized in other comprehensive income
Net loss (gain)		949			10			959			—			959			—			—			—			—			—
Prior service cost recognized from curtailment		(3	)		—			(3	)		—			(3	)		—			—			—			—			—
Amortization of net actuarial loss		(28	)		(1	)		(29	)		(3	)		(32	)		(20	)		(1	)		(21	)		(2	)		(23	)
Amortization of prior service cost		(1	)		—			(1	)		—			(1	)		(1	)		—			(1	)		—			(1	)

Total change recognized in other comprehensive income		917			9			926			(3	)		923			(21	)		(1	)		(22	)		(2	)		(24	)

Total impact from net periodic benefit cost and changes in other comprehensive income	$	955		$	17		$	972		$	5		$	977		$	—		$	5		$	5		$	6		$	11


	2011															2010
							Total			Other												Total			Other
Nine Months Ended September 30	U.S.			Int’l			Pension			Benefits			Total			U.S.			Int’l			Pension			Benefits			Total
Net periodic benefit cost:
Service cost	$	87		$	14		$	101		$	5		$	106		$	81		$	12		$	93		$	5		$	98
Interest cost		225			24			249			28			277			230			21			251			30			281
Expected return on plan assets		(307	)		(20	)		(327	)		(17	)		(344	)		(311	)		(18	)		(329	)		(16	)		(345	)
Amortization of net actuarial loss		82			3			85			9			94			61			2			63			8			71
Amortization of prior service cost		3			—			3			(1	)		2			3			—			3			(1	)		2

Net periodic benefit cost		90			21			111			24			135			64			17			81			26			107
Loss from curtailment/special termination benefits		5			—			5			—			5			—			—			—			—			—

Total net periodic benefit cost		95			21			116			24			140			64			17			81			26			107

Other changes in plan assets and benefit obligations recognized in other comprehensive income
Net loss (gain)		949			10			959			—			959			—			—			—			—			—
Prior service cost recognized from curtailment		(3	)		—			(3	)		—			(3	)		—			—			—			—			—
Amortization of net actuarial loss		(82	)		(3	)		(85	)		(9	)		(94	)		(61	)		(2	)		(63	)		(8	)		(71	)
Amortization of prior service cost		(3	)		—			(3	)		1			(2	)		(3	)		—			(3	)		1			(2	)

Total change recognized in other comprehensive income		861			7			868			(8	)		860			(64	)		(2	)		(66	)		(7	)		(73	)

Total impact from net periodic benefit cost and changes in other comprehensive income	$	956		$	28		$	984		$	16		$	1,000		$	—		$	15		$	15		$	19		$	34

Long-Term Incentive Employee Compensation (Tables)

9 Months Ended

Sep. 30, 2011

Long-Term Incentive Employee Compensation [Abstract]

Long-Term Incentive Employee Compensation


	Three Months					Nine Months
For the Periods Ended September 30	2011		2010			2011		2010
Compensation costs on equity-based awards	$	8	$	7		$	22	$	23
Compensation costs on liability-based awards		2		(7	)		7		(7	)

Total compensation costs, pre-tax	$	10	$	—		$	29	$	16

Future tax benefit	$	3	$	—		$	9	$	4

Assumptions utilized to measure fair value


Dividend yield		1.73	%
Expected volatility		24.75	%
Expected life (in years)		7.0
Risk-free rates		3.06	%
Weighted-average grant date fair value	$	14.86

Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2011

Commitments and Contingencies [Abstract]

Roll forward of asbestos claims


	2011^(a)
Pending claims – 12/31		103,575
New claims		4,220
Settlements		(1,009	)
Dismissals		(2,071	)

Pending claims – 9/30		104,715


(a)		In September 2010, ITT executed an amended cost-sharing agreement related to a business we disposed of a number of years ago. The amended agreement provides for a sharing of costs for claims resolved between 2010 and 2019 naming ITT or the entity which acquired the disposed business. Claim activity associated with the amended cost-sharing agreement for claims that were not filed against ITT are excluded from the table above.

Net Asbestos Charges


	Three Months						Nine Months
	2011			2010			2011			2010
Continuing operations	$	59		$	341		$	91		$	368
Discontinued operations		(9	)		(10	)		(6	)		(10	)

Total	$	50		$	331		$	85		$	358

Roll forward of asbestos liability and related assets


	Liability			Asset			Net
Balance — 12/31	$	1,676		$	1,035		$	641
Changes in estimate during the period:
Continuing operations		102			11			91
Discontinued operations		(62	)		(56	)		(6	)
Net cash activity		(56	)		(40	)		(16	)

Balance — 9/30	$	1,660		$	950		$	710

- Definition

Tabular disclosure of exposure to material amount of loss arising from allegations of damages pertaining to and arising from one or more of the entity's products.

+ References + Details

- Definition

Tabular disclosure of the loss contingencies that were reported in the period or disclosed as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9-12, 22-40
-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 450
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14326-108349

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Section 50
-Paragraph 6
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-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 3
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-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14453-108349

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6851643&loc=d3e12021-110248

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6851643&loc=d3e12053-110248

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14557-108349

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14615-108349

+ Details

Segment Information (Tables)

9 Months Ended

Sep. 30, 2011

Segment Information [Abstract]

Business Segment Information


Three Months Ended September 30	2011 – Revenue								2010 – Revenue
	Product			Service		Total			Product			Service		Total
Defense	$	744		$	785	$	1,529		$	810		$	556	$	1,366
Fluid		1,034			35		1,069			884			33		917
Motion & Flow		384			2		386			361			2		363
Eliminations		(3	)		—		(3	)		(3	)		—		(3	)

Total	$	2,159		$	822	$	2,981		$	2,052		$	591	$	2,643


Nine Months Ended September 30	2011 – Revenue								2010 – Revenue
	Product			Service		Total			Product			Service		Total
Defense	$	2,109		$	2,265	$	4,374		$	2,538		$	1,724	$	4,262
Fluid		3,035			134		3,169			2,498			96		2,594
Motion & Flow		1,224			6		1,230			1,106			7		1,113
Eliminations		(8	)		—		(8	)		(9	)		—		(9	)

Total	$	6,360		$	2,405	$	8,765		$	6,133		$	1,827	$	7,960


	Operating Income												Operating Margin
For the Periods Ended September 30	3M 2011			3M 2010			9M 2011			9M 2010			3M 2011			3M 2010			9M 2011			9M 2010
Defense	$	178		$	178		$	456		$	513			11.6	%		13.0	%		10.4	%		12.0	%
Fluid		144			115			430			336			13.5	%		12.5	%		13.6	%		13.0	%
Motion & Flow		49			46			170			144			12.7	%		12.7	%		13.8	%		12.9	%
Corporate and Other		(219	)		(371	)		(456	)		(456	)		—			—			—			—

Total	$	152		$	(32	)	$	600		$	537			5.1	%		(1.2	)%		6.8	%		6.7	%


					Plant, Property &				Capital				Depreciation &
	Total Assets				Equipment, Net				Expenditures				Amortization
Nine Months Ended September 30	2011		2010^(a)		2011		2010^(a)		2011		2010		2011		2010
Defense	$	4,415	$	4,149	$	459	$	434	$	55	$	73	$	100	$	99
Fluid		4,763		4,055		502		518		83		50		109		69
Motion & Flow		1,490		1,372		227		230		31		26		42		39
Corporate and Other		4,420		2,862		26		23		17		25		6		7

Total	$	15,088	$	12,438	$	1,214	$	1,205	$	186	$	174	$	257	$	214


^(a)		Amounts reflect balances as of December 31, 2010.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details

Summary of Significant Accounting Policies (Details) $ in Millions	3 Months Ended
	Sep. 30, 2011 USD ($)
Summary Of Significant Accounting Policies (Textuals) [Abstract]
Loss on foreign currency transaction	$ 14

- Definition

The aggregate foreign currency transaction gain (loss) (both realized and unrealized) included in determining net income for the reporting period. Excludes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements. For certain enterprises, primarily banks, that are dealers in foreign exchange, foreign currency transaction gains (losses) may be disclosed as dealer gains (losses).

+ References + Details

Company Transformation (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
Company Transformation (Details) - USD ($) $ in Millions	Oct. 31, 2011	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Components of transformation costs
Non-cash asset impairment		$ 9		$ 64
Advisory fees		32		75
IT Costs		36		58
Lease termination costs and other real estate costs		10		13
Loss on early extinguishment of debt	$ (325)	3		3
Employee retention and other compensation costs		23		36
Other costs		19		30
Transformation costs in operating income		132	$ 0	279	$ 0
Tax-related separation (benefit) cost		(4)		10
Total transformation costs before tax benefit		128		289
Income tax benefit		(35)		(87)
Total transformation costs, net of tax impact		$ 93		$ 202

Company Transformation (Details 1) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
Company Transformation (Details 1) - USD ($) $ in Millions	Sep. 30, 2011	Sep. 30, 2011
Roll Forward of Transformational Accrual
Transformation accrual -12/31		$ 2
Charges actions during the period	$ 128	289
Cash payments		(137)
Pension curtailment		(5)
Asset impairment	(9)	(64)
Transformation accrual -9/30	$ 85	$ 85

Company Transformation (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010	Oct. 17, 2011
Company transformation (Additional Textual) [Abstract]
Transformation costs	$ 132	$ 0	$ 279	$ 0
Non-cash asset impairment	9		64
Tax-related separation costs	$ 4		(10)
Estimated transformation after-tax cost			275
Estimated transformation cost after-tax prior to completion			210
Impairment related to a decision to discontinue development			55
Impairment of long-lived assets			9
Expected separation related cash outflows after-tax			$ 130
Exelis [Member]
Company Transformation (Textual) [Abstract]
Number of shares received as dividend by stockholders per share holding					1
Xylem [Member]
Company Transformation (Textual) [Abstract]
Number of shares received as dividend by stockholders per share holding					1

Acquisitions and Divestitures (Details) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
Acquisitions and Divestitures (Details) $ in Millions	Sep. 30, 2010 USD ($)	Sep. 30, 2011 USD ($)	Sep. 30, 2010 USD ($)	Sep. 30, 2011 USD ($)	Sep. 30, 2010 USD ($)	Dec. 31, 2010 USD ($)	Oct. 31, 2011 USD ($) Employee	Aug. 03, 2010 USD ($)	Mar. 23, 2010 USD ($)
Business Acquisition [Line Items]
Payments to acquire businesses, net of cash acquired				$ 309	$ 994
Acquisitions and Divestitures (Textual) [Abstract]
Revenue		$ 2,981	$ 2,643	$ 8,765	7,960	$ 101
Number of employees \| Employee							390
CAS [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue (third party)			46		160
Pre Tax Operating income			$ 4		13
After-tax gain from discontinued operations	$ 130
Tax benefit due to difference in book and tax bases of CAS					4
Nova Analytics Corporation [Member]
Business Acquisition [Line Items]
Aggregate purchase price									$ 385
Godwin [Member]
Business Acquisition [Line Items]
Aggregate purchase price								$ 580
Payments to acquire businesses, net of cash acquired					$ 994
YSI Incorporated [Member]
Business Acquisition [Line Items]
Percentage of shares acquired							100.00%
Aggregate purchase price							$ 309
Aggregate fair value of other assets acquired							56
Aggregate fair value of liabilities assumed							61
Goodwill acquired on acquisition							190
YSI Incorporated [Member] \| Trademarks [Member]
Business Acquisition [Line Items]
Aggregate fair value of finite-lived intangibles							49
YSI Incorporated [Member] \| Customer Relationships [Member]
Business Acquisition [Line Items]
Aggregate fair value of finite-lived intangibles							40
YSI Incorporated [Member] \| Proprietary technology [Member]
Business Acquisition [Line Items]
Aggregate fair value of finite-lived intangibles							$ 35

Restructuring and Asset Impairment Charges (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Restructuring and Asset Impairment Charge [Abstract]
Asset impairments	$ 2	$ 0	$ 3	$ 0
Total restructuring and asset impairment costs	2	6	16	42
Cost of revenue [Member]
Restructuring and Asset Impairment Charge [Abstract]
Restructuring costs	0	3	6	12
Operating Expenses [Member]
Restructuring and Asset Impairment Charge [Abstract]
Restructuring costs	$ 0	$ 3	$ 7	$ 30

- Definition

The aggregate amount of write-downs for impairments recognized during the period for long lived assets held for use (including those held for disposal by means other than sale).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 26
-Subparagraph b
-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 Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 7, 25
-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 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6390789&loc=d3e2420-110228

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 958
-SubTopic 225
-Section 45
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6743430&loc=d3e92212-112881

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Impairment
-URI http://asc.fasb.org/extlink&oid=6515133

+ Details

Restructuring and Asset Impairment Charges (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Restructuring and Asset Impairment Charges (Textual) [Abstract]
Restructuring and asset impairment charges	$ 2	$ 6	$ 16	$ 42
Defense [Member]
Restructuring and Asset Impairment Charges (Textual) [Abstract]
Restructuring and asset impairment charges	$ 2		$ 16
2010 Defense Segment Realignment Activities [Member]
Restructuring and Asset Impairment Charges (Textual) [Abstract]
Restructuring charge related strategic realignment of defense segment		$ 6		$ 42

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010	Dec. 31, 2010
Income Taxes [Abstract]
Income tax expense	$ 59	$ (60)	$ 184	$ 94	$ 46
Effective tax rate	45.40%		33.50%	19.70%
Increase in effective tax rate from transformation cost	4.10%		0.80%
Deferred tax valuation adjustments	11.60%		2.80%
Increase in effective tax rate due to impact of the Medicare Part D subsidy reversal				1.50%
Reduced effective tax rate related to the effective settlement of a tax examination	3.70%			1.00%
Benefit from reversal of valuation allowances on certain loss carryforwards		$ 27
Unrecognized tax benefits	$ 161		$ 161		192
Amount of unrecognized tax benefits that would affect the effective tax rate	80		80		90
Potential decrease in unrecognized tax benefits related to amortization of temporary tax differences	8		8
Deferred tax assets	$ 1,044		1,044		$ 769
Increase in deferred tax assets			$ 275

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Basic and diluted earnings per share [Abstract]
Income from continuing operations	$ 71	$ 12	$ 365	$ 382
Weighted average common shares outstanding	184.4	182.5	184.0	182.2
Add: Weighted average restricted stock awards outstanding	1.1	1.6	1.2	1.6
Basic weighted average common shares outstanding	185.5	184.1	185.2	183.8
Add: Dilutive impact of stock options	1.0	1.2	1.4	1.4
Diluted weighted average common shares outstanding	186.5	185.3	186.6	185.2
Basic earnings per share from continuing operations	$ 0.38	$ 0.07	$ 1.97	$ 2.08
Diluted earnings per share from continuing operations	$ 0.38	$ 0.07	$ 1.96	$ 2.06

- Definition

The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 36, 37, 38
-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 SEC
-Name Regulation S-X (SX)
-Number 210
-Article 5
-Section 03
-Paragraph 20

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 7
-Paragraph 18

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 21
-Article 9

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.21)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04.23)
-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-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.

+ Details

- Definition

The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 5
-Section 03
-Paragraph 20

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 7
-Paragraph 18

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 21
-Article 9

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph a
-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 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 11, 12, 36, 37, 38
-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 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.21)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-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.

+ Details

- Definition

This element represents nonvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid). Basic and dilutive earnings per share are generally disclosed for such shares using the two-class method.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 03-6
-Paragraph 8
-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 Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 60
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-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 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 61
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number EITF03-6-1
-Paragraph 6
-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 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60A
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 68B
-URI http://asc.fasb.org/extlink&oid=6920599&loc=SL5498026-109256

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Participating Security
-URI http://asc.fasb.org/extlink&oid=6519812

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 59A
-URI http://asc.fasb.org/extlink&oid=6920599&loc=SL5780131-109256

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
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-Paragraph 60B
-URI http://asc.fasb.org/extlink&oid=6920599&loc=SL5780133-109256

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 61A
-URI http://asc.fasb.org/extlink&oid=6920599&loc=SL5780137-109256

+ Details

- Definition

The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.

+ References + Details

- Definition

This element represents the weighted average total number of shares issued throughout the period including the first (beginning balance outstanding) and last (ending balance outstanding) day of the period before considering any reductions (for instance, shares held in treasury) to arrive at the weighted average number of shares outstanding. Weighted average relates to the portion of time within a reporting period that common shares have been issued and outstanding to the total time in that period. Such concept is used in determining the weighted average number of shares outstanding for purposes of calculating earnings per share (basic).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph a
-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 Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 8
-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 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 10
-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 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e2646-109256

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1448-109256

+ Details

- Definition

Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-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 Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph a
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 8
-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 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1448-109256

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Weighted-Average Number of Common Shares Outstanding
-URI http://asc.fasb.org/extlink&oid=6528421

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-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.

+ Details

Earnings Per Share (Details 1) - $ / shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Number of shares underlying stock options excluded from the computation of diluted earnings [Abstract]
Anti-dilutive stock options	2.6	2.2	1.8	2.1
Average exercise price	$ 55.26	$ 54.30	$ 56.55	$ 54.42

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-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 Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-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 3: 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 4: 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

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-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.

+ Details

Receivables, Net (Details) - USD ($) $ in Millions	Sep. 30, 2011	Dec. 31, 2010
Receivables, Net
Trade accounts receivable	$ 1,662	$ 1,579
Unbilled contract receivables	543	367
Other	43	47
Receivables, gross	2,248	1,993
Allowance for doubtful accounts	(43)	(42)
Allowance for cash discounts	(7)	(7)
Receivables, net	2,198	1,944
Government [Member]
Receivables, Net (Textual) [Abstract]
Outstanding accounts receivable balance from the U.S. Government	$ 917	$ 806

Inventories, Net (Details) - USD ($) $ in Millions	Sep. 30, 2011	Dec. 31, 2010
Inventories, Net
Finished goods	$ 247	$ 231
Work in process	122	88
Raw materials	386	317
Total product inventory	755	636
Production costs of contracts in process	325	296
Less - progress payments	(69)	(76)
Production costs of contracts in process, net	256	220
Inventories, net	$ 1,011	$ 856

Other Current and Non-Current Assets (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2011	Sep. 30, 2011	Dec. 31, 2010
Other Current and Non-Current Assets
Current deferred income taxes		$ 288	$ 280
Asbestos-related current assets		131	105
Other		233	177
Other current assets		652	562
Deferred income tax		887	554
Other employee benefit-related assets		108	106
Capitalized software costs		72	118
Other		141	88
Other non-current assets		$ 1,208	$ 866
Other Current and Non-Current Assets (Textual) [Abstract]
Capitalized software impairment charge	$ 55

Plant, Property and Equipment, Net (Details) - USD ($) $ in Millions	Sep. 30, 2011	Dec. 31, 2010
Plant, Property and Equipment, Net
Land and improvements	$ 60	$ 59
Buildings and improvements	700	642
Machinery and equipment	1,897	1,809
Equipment held for lease or rental	149	132
Furniture, fixtures and office equipment	238	231
Construction work in progress	132	160
Other	49	29
Plant, property and equipment, gross	3,225	3,062
Less - accumulated depreciation	(2,011)	(1,857)
Plant, property and equipment, net	$ 1,214	$ 1,205

Plant, Property and Equipment, Net (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Plant, Property and Equipment, Net [Abstract]
Recognized depreciation expense	$ 59	$ 48	$ 174	$ 135

Goodwill and Other Intangible Assets, Net (Details) $ in Millions	9 Months Ended
	Sep. 30, 2011 USD ($)
Changes in the carrying amount of goodwill
Goodwill - 12/31	$ 4,277
Foreign currency	3
Acquisitions	193
Other	(2)
Goodwill - 9/30	4,471
Defense [Member]
Changes in the carrying amount of goodwill
Goodwill - 12/31	2,156
Foreign currency	0
Acquisitions	0
Other	(2)
Goodwill - 9/30	2,154
Fluid [Member]
Changes in the carrying amount of goodwill
Goodwill - 12/31	1,634
Foreign currency	2
Acquisitions	190
Other	0
Goodwill - 9/30	1,826
Motion & Flow [Member]
Changes in the carrying amount of goodwill
Goodwill - 12/31	487
Foreign currency	1
Acquisitions	3
Other	0
Goodwill - 9/30	$ 491

- Definition

Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-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 Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 43
-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 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 68
-Subparagraph l
-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 350
-SubTopic 20
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6388280&loc=d3e13770-109266

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6905597&loc=d3e13816-109267

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 72
-Subparagraph d
-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 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-Clause 1
-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 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 34
-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.

+ Details

Goodwill and Other Intangible Assets, Net (Details 1) - USD ($) $ in Millions	Sep. 30, 2011	Dec. 31, 2010
Other Intangible Assets, Net
Finite-lived intangible assets, gross carrying amount	$ 1,272	$ 1,141
Accumulated Amortization	(443)	(375)
Indefinite-lived intangible assets, gross carrying amount	160	110
Indefinite-lived intangible assets, net intangibles	160	110
Other intangible assets, net	829	766
Customer and distributor relationships [Member]
Other Intangible Assets, Net
Finite-lived intangible assets, gross carrying amount	903	855
Accumulated Amortization	(368)	(312)
Finite-lived intangible assets, net intangibles	535	543
Proprietary technology [Member]
Other Intangible Assets, Net
Finite-lived intangible assets, gross carrying amount	144	109
Accumulated Amortization	(42)	(35)
Finite-lived intangible assets, net intangibles	102	74
Patents and other [Member]
Other Intangible Assets, Net
Finite-lived intangible assets, gross carrying amount	29	32
Accumulated Amortization	(20)	(18)
Finite-lived intangible assets, net intangibles	9	14
Trademarks [Member]
Other Intangible Assets, Net
Finite-lived intangible assets, gross carrying amount	36	35
Accumulated Amortization	(13)	(10)
Finite-lived intangible assets, net intangibles	$ 23	$ 25

Goodwill and Other Intangible Assets, Net (Details 2) $ in Millions	9 Months Ended
	Sep. 30, 2011 USD ($)
Estimated amortization expense related to intangible assets
Remaining 2011	$ 23
2012	79
2013	64
2014	59
2015	55
2016	52
Total	$ 332

Goodwill and Other Intangible Assets, Net (Details Textual) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011 USD ($)	Sep. 30, 2010 USD ($)	Sep. 30, 2011 USD ($) Year	Sep. 30, 2010 USD ($)
Goodwill and Other Intangible Assets, Net (Textual) [Abstract]
Amortization expense related to finite-lived intangible assets	$ 23	$ 23	$ 66	$ 64
Customer Relationships [Member] \| YSI Incorporated [Member]
Finite-Lived Intangible Assets [Line Items]
Aggregate fair value of finite-lived intangibles	40		$ 40
Weighted average period (in years) \| Year			19
Trademarks [Member] \| YSI Incorporated [Member]
Finite-Lived Intangible Assets [Line Items]
Aggregate fair value of finite-lived intangibles	49		$ 49
Proprietary technology [Member] \| YSI Incorporated [Member]
Finite-Lived Intangible Assets [Line Items]
Aggregate fair value of finite-lived intangibles	$ 35		$ 35
Weighted average period (in years) \| Year			18

Accrued and Other Current Liabilities and Other Non-Current Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2011	Mar. 31, 2011	Dec. 31, 2010
Accrued Liabilities and Other Non-Current Liabilities, Net
Compensation and other employee-related benefits	$ 625		$ 625
Customer advances and deferred revenue	470		478
Asbestos-related liability	139		117
Other accrued liabilities	521		494
Accrued and other current liabilities	1,755		1,714
Deferred income taxes and other tax-related accruals	250		179
Environmental	137		128
Compensation and other employee-related benefits	130		117
Product liability, guarantees and other legal matters	51		52
Other	51		66
Other non-current liabilities	$ 619		$ 542
Accrued and Other Current Liabilities and Other Non-Current Liabilities (Textual) [Abstract]
Reclassification of accounts payable to accrued and other current liabilities		$ 452

Debt (Details) - USD ($) $ in Millions	Sep. 30, 2011	Dec. 31, 2010
Debt
Short-term loans	$ 17	$ 1
Current maturities of long-term debt and other	1,251	10
Current deferred gain on interest rate swaps	43	0
Current unamortized discounts and debt issuance costs	(6)	0
Short-term borrowings and current maturities of long-term debt	1,305	11
Non-current maturities of long-term debt	1,855	1,257
Non-current capital leases	16	60
Deferred gain on interest rate swaps	0	45
Unamortized discounts and debt issuance costs	(3)	(8)
Long-term debt	1,868	1,354
Total debt	$ 3,173	$ 1,365

Debt (Details 1) - USD ($) $ in Millions	9 Months Ended
Debt (Details 1) - USD ($) $ in Millions	Sep. 30, 2011	Dec. 31, 2010
Carrying and Fair Value of Long Term Outstanding Notes and Debentures by Maturity
Carrying Value of Notes and debentures:	$ 3,139	$ 1,328
Fair Value of Notes and debentures:	$ 3,360	1,483
4.90% Notes and Debentures due May 2014 [Member]
Carrying and Fair Value of Long Term Outstanding Notes and Debentures by Maturity
Maturity Date of Notes and debentures:	May 2014
Interest Rate of Notes and debentures:	4.90%
Carrying Value of Notes and debentures:	$ 500	500
Fair Value of Notes and debentures:	$ 534	538
3.55% Notes and Debentures due September 2016 [Member]
Carrying and Fair Value of Long Term Outstanding Notes and Debentures by Maturity
Maturity Date of Notes and debentures:	September 2016
Interest Rate of Notes and debentures:	3.55%
Carrying Value of Notes and debentures:	$ 600	0
Fair Value of Notes and debentures:	$ 611	0
4.25% Notes and Debentures due October 2016 [Member]
Carrying and Fair Value of Long Term Outstanding Notes and Debentures by Maturity
Maturity Date of Notes and debentures:	October 2016
Interest Rate of Notes and debentures:	4.25%
Carrying Value of Notes and debentures:	$ 250	0
Fair Value of Notes and debentures:	$ 254	0
6.125% Notes and Debentures due May 2019 [Member]
Carrying and Fair Value of Long Term Outstanding Notes and Debentures by Maturity
Maturity Date of Notes and debentures:	May 2019
Interest Rate of Notes and debentures:	6.125%
Carrying Value of Notes and debentures:	$ 500	500
Fair Value of Notes and debentures:	$ 572	553
4.875% Notes and Debentures due October 2021 [Member]
Carrying and Fair Value of Long Term Outstanding Notes and Debentures by Maturity
Maturity Date of Notes and debentures:	October 2021
Interest Rate of Notes and debentures:	4.875%
Carrying Value of Notes and debentures:	$ 600	0
Fair Value of Notes and debentures:	$ 604	0
5.55% Notes and Debentures due October 2021
Carrying and Fair Value of Long Term Outstanding Notes and Debentures by Maturity
Maturity Date of Notes and debentures:	October 2021
Interest Rate of Notes and debentures:	5.55%
Carrying Value of Notes and debentures:	$ 400	0
Fair Value of Notes and debentures:	$ 406	0
7.40% Notes and Debentures due November 2025 [Member]
Carrying and Fair Value of Long Term Outstanding Notes and Debentures by Maturity
Maturity Date of Notes and debentures:	November 2025
Interest Rate of Notes and debentures:	7.40%
Carrying Value of Notes and debentures:	$ 250	250
Fair Value of Notes and debentures:	$ 338	311
Notes and Debentured due August 2048 [Member]
Carrying and Fair Value of Long Term Outstanding Notes and Debentures by Maturity
Maturity Date of Notes and debentures:	August 2048
Carrying Value of Notes and debentures:	$ 1	1
Fair Value of Notes and debentures:	$ 1	1
4.70% Notes and Debentures December 2010 - 2014 [Member]
Carrying and Fair Value of Long Term Outstanding Notes and Debentures by Maturity
Maturity Date of Notes and debentures:	December 2010 – 2014
Interest Rate of Notes and debentures:	4.70%
Carrying Value of Notes and debentures:	$ 0	66
Fair Value of Notes and debentures:	$ 0	69
Notes and Debentures Various 2011 - 2022 [Member]
Carrying and Fair Value of Long Term Outstanding Notes and Debentures by Maturity
Maturity Date of Notes and debentures:	Various 2011 – 2022
Carrying Value of Notes and debentures:	$ 38	11
Fair Value of Notes and debentures:	$ 40	$ 11

Debt (Details Textual) $ / shares in Units, $ in Millions	1 Months Ended		3 Months Ended	9 Months Ended
Debt (Details Textual) $ / shares in Units, $ in Millions	Oct. 31, 2011 USD ($)	Sep. 30, 2011 USD ($)	Sep. 30, 2011 USD ($) Office	Sep. 30, 2011 USD ($)	Oct. 21, 2011 USD ($)	Oct. 20, 2011 USD ($) $ / shares	Sep. 20, 2011 USD ($)	Dec. 31, 2010 USD ($)
Debt Instrument [Line Items]
Aggregate purchase price in a trust account						$ 263
Loss on early extinguishment of debt	$ 325		$ (3)	$ (3)
Fair value of total debt, excluding the deferred gain on interest rate swaps		$ 3,360	3,360	3,360				$ 1,483
Debt (Textual) [Abstract]
Debt issuance costs				15
Principal payments required in year one		0	0	0
Principal payments required in year two		2	2	2
Principal payments required in year three		500	500	500
Principal payments required in year four		0	0	0
Principal payments required in year five		850	850	850
Principal payments required after five years		1,754	1,754	1,754
Current maturities of long-term debt		1,251	$ 1,251	$ 1,251				10
Equivalent percentage price of the principal amount to be paid in case of change in control triggering event				101.00%
Period during the exchange offer is to be completed				365 days
Annual interest rate on the Exelis and Xylem notes				0.25%
Period during which the registration default continues				90 days
Maximum additional interest rate for the registration default annually				1.00%
Payment related to capital lease obligation		66
Leased property amount \| Office			5
Transformation costs due to termination of capital lease			$ 5
Loss on early extinguishment of debt	167
Aggregate notional amount of the four contracts		350	350	$ 350
Gain from change in fair value of the contracts				2
Exelis [Member]
Debt Instrument [Line Items]
Capitalized debt issuance costs			6
Xylem [Member]
Debt Instrument [Line Items]
Capitalized debt issuance costs				9
Interest Rate Swap [Member]
Debt Instrument [Line Items]
Loss on early extinguishment of debt	3
Loss on matured contracts	$ 5
4.90% Notes and Debentures due May 2014 [Member]
Debt Instrument [Line Items]
Redemption price of Notes \| $ / shares						$ 1,098
Debt instrument par value per share \| $ / shares						1,000
Fair value of total debt, excluding the deferred gain on interest rate swaps		534	534	534				538
3.55% Notes and Debentures due September 2016 [Member]
Debt Instrument [Line Items]
Public offering price as percentage of principal amount							99.809%
Fair value of total debt, excluding the deferred gain on interest rate swaps		611	611	611				0
4.25% Notes and Debentures due October 2016 [Member]
Debt Instrument [Line Items]
Public offering price as percentage of principal amount							99.824%
Fair value of total debt, excluding the deferred gain on interest rate swaps		254	254	254				0
4.875% Notes and Debentures due October 2021 [Member]
Debt Instrument [Line Items]
Public offering price as percentage of principal amount							99.935%
Fair value of total debt, excluding the deferred gain on interest rate swaps		604	604	604				0
5.55% Notes and Debentures due October 2021
Debt Instrument [Line Items]
Public offering price as percentage of principal amount							99.762%
Fair value of total debt, excluding the deferred gain on interest rate swaps		$ 406	$ 406	$ 406				$ 0
Notes and Debentured due August 2048 [Member]
Debt Instrument [Line Items]
Interest rate of variable rate debt		0.07%	0.07%	0.07%				0.19%
Fair value of total debt, excluding the deferred gain on interest rate swaps		$ 1	$ 1	$ 1				$ 1
Notes and Debentures Various 2011 - 2022 [Member]
Debt Instrument [Line Items]
Weighted average interest rate of other debt instruments		3.73%	3.73%	3.73%				4.86%
Fair value of total debt, excluding the deferred gain on interest rate swaps		$ 40	$ 40	$ 40				$ 11
6.125% Notes and Debentures due May 2019 [Member]
Debt Instrument [Line Items]
Redemption price of Notes \| $ / shares						1,235
Debt instrument par value per share \| $ / shares						$ 1,000
Fair value of total debt, excluding the deferred gain on interest rate swaps		572	572	572				553
7.40% Notes and Debentures due November 2025 [Member]
Debt Instrument [Line Items]
Maximum amount under cash tender offer to purchase debentures							$ 100
Principal amount of debenture tendered							$ 88
Remaining amount on 2025 notes					$ 162
Cash and US Treasury securities deposited in a trust account						$ 6
Loss on extinguishment of defeasance of tender offer						$ 107
Loss on extinguishment of Tender Offer				51
Fair value of total debt, excluding the deferred gain on interest rate swaps		$ 338	$ 338	$ 338				$ 311

Postretirement Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Net periodic benefit cost:
Service cost	$ 37	$ 32	$ 106	$ 98
Interest cost	94	94	277	281
Expected return on plan assets	(115)	(115)	(344)	(345)
Amortization of net actuarial loss	32	23	94	71
Amortization of prior service cost	1	1	2	2
Net periodic benefit cost	49	35	135	107
Loss from curtailment/special termination benefits	5	0	5	0
Total net periodic benefit cost	54	35	140	107
Other changes in plan assets and benefit obligations recognized in other comprehensive income
Net loss (gain)	59	0	959	0
Prior service cost recognized from curtailment	(3)	0	(3)	0
Amortization of net actuarial loss	(32)	(23)	(94)	(71)
Amortization of prior service cost	(1)	(1)	(2)	(2)
Total change recognized in other comprehensive income	923	(24)	860	(73)
Total impact from net periodic benefit cost and changes in other comprehensive income	977	11	1,000	34
U.S. Pension Plans [Member]
Net periodic benefit cost:
Service cost	30	27	87	81
Interest cost	76	77	225	230
Expected return on plan assets	(102)	(104)	(307)	(311)
Amortization of net actuarial loss	28	20	82	61
Amortization of prior service cost	1	1	3	3
Net periodic benefit cost	33	21	90	64
Loss from curtailment/special termination benefits	5	0	5	0
Total net periodic benefit cost	38	21	95	64
Other changes in plan assets and benefit obligations recognized in other comprehensive income
Net loss (gain)	49	0	949	0
Prior service cost recognized from curtailment	(3)	0	(3)	0
Amortization of net actuarial loss	(28)	(20)	(82)	(61)
Amortization of prior service cost	(1)	(1)	(3)	(3)
Total change recognized in other comprehensive income	917	(21)	861	(64)
Total impact from net periodic benefit cost and changes in other comprehensive income	955	0	956	0
International Pension Plan [Member]
Net periodic benefit cost:
Service cost	6	4	14	12
Interest cost	8	7	24	21
Expected return on plan assets	(7)	(6)	(20)	(18)
Amortization of net actuarial loss	1	1	3	2
Amortization of prior service cost	0	0	0	0
Net periodic benefit cost	8	6	21	17
Loss from curtailment/special termination benefits	0	0	0	0
Total net periodic benefit cost	8	6	21	17
Other changes in plan assets and benefit obligations recognized in other comprehensive income
Net loss (gain)	10	0	10	0
Prior service cost recognized from curtailment	0	0	0	0
Amortization of net actuarial loss	(1)	(1)	(3)	(2)
Amortization of prior service cost	0	0	0	0
Total change recognized in other comprehensive income	9	(1)	7	(2)
Total impact from net periodic benefit cost and changes in other comprehensive income	17	5	28	15
Total Pension Excluding Other Benefits (Member)
Net periodic benefit cost:
Service cost	36	31	101	93
Interest cost	84	84	249	251
Expected return on plan assets	(109)	(110)	(327)	(329)
Amortization of net actuarial loss	29	21	85	63
Amortization of prior service cost	1	1	3	3
Net periodic benefit cost	41	27	111	81
Loss from curtailment/special termination benefits	5	0	5	0
Total net periodic benefit cost	46	27	116	81
Other changes in plan assets and benefit obligations recognized in other comprehensive income
Net loss (gain)	59	0	959	0
Prior service cost recognized from curtailment	(3)	0	(3)	0
Amortization of net actuarial loss	(29)	(21)	(85)	(63)
Amortization of prior service cost	(1)	(1)	(3)	(3)
Total change recognized in other comprehensive income	926	(22)	868	(66)
Total impact from net periodic benefit cost and changes in other comprehensive income	972	5	984	15
Other Benefits [Member]
Net periodic benefit cost:
Service cost	1	1	5	5
Interest cost	10	10	28	30
Expected return on plan assets	(6)	(5)	(17)	(16)
Amortization of net actuarial loss	3	2	9	8
Amortization of prior service cost	0	0	(1)	(1)
Net periodic benefit cost	8	8	24	26
Loss from curtailment/special termination benefits	0	0	0	0
Total net periodic benefit cost	8	8	24	26
Other changes in plan assets and benefit obligations recognized in other comprehensive income
Net loss (gain)	0	0	0	0
Prior service cost recognized from curtailment	0	0	0	0
Amortization of net actuarial loss	(3)	(2)	(9)	(8)
Amortization of prior service cost	0	0	1	1
Total change recognized in other comprehensive income	(3)	(2)	(8)	(7)
Total impact from net periodic benefit cost and changes in other comprehensive income	$ 5	$ 6	$ 16	$ 19

Postretirement Benefit Plans (Details Textual) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2011	Sep. 30, 2010
Maximum [Member]
Employee Benefit Plans (Additional) (Textual) [Abstract]
Remaining current year expected contribution (range)	$ 10	$ 10
Minimum [Member]
Employee Benefit Plans (Additional) (Textual) [Abstract]
Remaining current year expected contribution (range)	8	8
Pension [Member]
Employee Benefit Plans (Additional) (Textual) [Abstract]
Contributions made to pension plans		76	$ 13
Reduction to the funded status due to remeasurement of pension liabilities and plan assets		661
Curtailment loss	5
Deterioration in the funded status recorded as an adjustment to unrecognized prior service cost	606	606
Funded status of postretirement benefit plans	$ (2,671)	$ (2,671)

Long-Term Incentive Employee Compensation (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Long-Term Incentive Employee Compensation Expense
Compensation costs on equity-based awards	$ 8	$ 7	$ 22	$ 23
Compensation costs on liability-based awards	2	(7)	7	(7)
Total compensation costs, pre-tax	10	0	29	16
Future tax benefit	$ 3	$ 0	$ 9	$ 4

- Definition

Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees.

+ References + Details

Long-Term Incentive Employee Compensation (Details 1)	9 Months Ended
Long-Term Incentive Employee Compensation (Details 1)	Sep. 30, 2011 Year $ / shares
Assumptions utilized to measure fair value
Dividend yield	1.73%
Expected volatility	24.75%
Expected life (in years) \| Year	7.0
Risk-free rates	3.06%
Weighted-average grant date fair value \| $ / shares	$ 14.86

Long-Term Incentive Employee Compensation (Details Textual) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended	9 Months Ended
	Mar. 31, 2011 $ / shares shares	Sep. 30, 2011 USD ($) Year shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to unvested options and restricted stock \| $		$ 56
Unrecognized compensation cost weighted average amortization period (years) \| Year		1.9
Long-Term Incentive Employee Compensation (Textual) [Abstract]
Stock options exercised		1.3
Proceeds from stock options exercised \| $		$ 49
Shares of RS on which restrictions lapsed		0.4
Issuances of shares from treasury account		0.2
Cash payments to settle awards \| $		$ 18
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of Payout		200.00%
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of Payout		0.00%
Non Qualified Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Plans Awards, Grants	0.7
Grant date fair value \| $ / shares	$ 14.86
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Plans Awards, Grants	0.5
Grant date fair value \| $ / shares	$ 57.68
TSR Plan Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Plans Awards, Grants	10.8
Grant date fair value \| $ / shares	$ 1.00

Commitments and Contingencies (Details) - Asbestos Issue [Member]	9 Months Ended
	Sep. 30, 2011 Claim
Activity related to asbestos claims
Pending claims - 12/31	103,575
New claims	4,220
Settlements	(1,009)
Dismissals	(2,071)
Pending claims - 9/30	104,715

Commitments and Contingencies (Details 1) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010
Net asbestos charges
Continuing operations	$ 59	$ 341	$ 91	$ 368
Discontinued operations	(9)	(10)	(6)	(10)
Total	$ 50	$ 331	$ 85	$ 358

Commitments and Contingencies (Details 2) $ in Millions	9 Months Ended
Commitments and Contingencies (Details 2) $ in Millions	Sep. 30, 2011 USD ($)
Asbestos Liability and Related Assets [Abstract]
Balance - 12/31	$ 641
Changes in estimate during the period:
Changes in estimates during the period continuing operations, Liabilities	102
Changes in estimates during the period continuing operations, Assets	11
Changes in estimates during period continuing operations, net	91
Changes in estimates during period discontinued operations, Liability	(62)
Changes in estimates during period discontinued operations, Assets	(56)
Changes in estimates during period discontinued operations, net	(6)
Net cash activity	(16)
Balance - 9/30	710
Asset [Member]
Asbestos Liability and Related Assets [Abstract]
Balance - 12/31, Asset	1,035
Changes in estimate during the period:
Net cash activity, Asset	(40)
Balance - 9/30, Asset	950
Liability [Member]
Asbestos Liability and Related Assets [Abstract]
Balance - 12/31, Liability	1,676
Changes in estimate during the period:
Net cash activity, Liability	(56)
Balance - 9/30, Liability	$ 1,660

Commitments and Contingencies (Details Textual) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2011 USD ($)	Mar. 31, 2011 USD ($)	Sep. 30, 2011 USD ($) Violation Claim	Dec. 31, 2010 USD ($)
Schedule of Activities Related to Claims Filed [Line Items]
Number of claims in Mississippi placed on inactive dockets \| Claim			39,680
Tenure to be used to file undiscounted Asbestos liability including legal fees and claims			Next 10 years
Estimated undiscounted asbestos liability, including legal fees	$ 44
Decreased amount of estimated undiscounted asbestos liability, including legal fees	1,660
Average annual net cash outflow projected in past three years			$ 10
Estimated asbestos exposure, net of expected recoveries from insurers and other responsible parties	710		710	$ 641
Liability related to disposal group including Discontinued operation	230		230	292
Asset related to disposal group including Discontinued operation	229		$ 229	285
Percentage of asbestos costs that can be recovered			65.00%
Percentage of projected insurance recoveries of asbestos claims liability current			20.00%
Average annual net cash outflow projected over the next five years			$ 20
Maximum [Member]
Schedule of Activities Related to Claims Filed [Line Items]
Decrease in asbestos-related assets		$ 950
Average annual net cash outflow projected over the remainder of the projection period			$ 60
Number of years during which no responsibility for claims			9 years
Minimum [Member]
Schedule of Activities Related to Claims Filed [Line Items]
Decrease in asbestos-related assets	76
Average annual net cash outflow projected over the remainder of the projection period			$ 50
Number of years during which no responsibility for claims			8 years
Asbestos Issue [Member]
Schedule of Activities Related to Claims Filed [Line Items]
Total asbestos liability, current	139		$ 139	117
Total asbestos asset, current	$ 131		$ 131	$ 105
Night Vision Matter [Member]
Schedule of Activities Related to Claims Filed [Line Items]
Number of Itar Violations Company Pled Guilty to \| Violation			2
Night Vision ITAR Violation Settlement; Fines, Forfeitures and Penalties			$ 50
Night Vision ITAR Violation Settlement; Deferred Prosecution Monetary Penalty			$ 50
Period for Deferred Prosecution Monetary Penalty			5 years
Night Vision ITAR Violation Settlement; Deferred Prosecution Monetary Penalty			$ 50
Period for Deferred Prosecution Monetary Penalty			5 years

Guarantees (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
Guarantees (Details) - USD ($) $ in Millions	Sep. 30, 2011	Sep. 30, 2011
Guarantees (Textual) [Abstract]
Aircraft purchase from the lessor		$ 50
Leaseback agreement and the associated residual value guarantee charge		3
Realization of previously recognized loss on leaseback agreement and the associated residual value guarantee charge		$ 22
Proceeds from sale of aircraft	$ 26
Pre tax gain on sale of aircraft	$ 3

Segment Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
Segment Information (Details) - USD ($) $ in Millions	Sep. 30, 2011	Sep. 30, 2010	Sep. 30, 2011	Sep. 30, 2010	Dec. 31, 2010
Business Segment Information
Product Revenue	$ 2,159	$ 2,052	$ 6,360	$ 6,133
Service revenue	822	591	2,405	1,827
Total Revenue	2,981	2,643	8,765	7,960	$ 101
Operating Income	$ 152	$ (32)	$ 600	$ 537
Operating Margin	5.10%	(1.20%)	6.80%	6.70%
Total Assets	$ 15,088		$ 15,088		12,438
Plant, Property & Equipment, Net	1,214		1,214		1,205
Capital expenditures			186	$ 174
Depreciation & Amortization			257	214
Defense [Member]
Business Segment Information
Product Revenue	744	$ 810	2,109	2,538
Service revenue	785	556	2,265	1,724
Total Revenue	1,529	1,366	4,374	4,262
Operating Income	$ 178	$ 178	$ 456	$ 513
Operating Margin	11.60%	13.00%	10.40%	12.00%
Total Assets	$ 4,415		$ 4,415		4,149
Plant, Property & Equipment, Net	$ 459		459		434
Capital expenditures			55	$ 73
Depreciation & Amortization			$ 100	$ 99
Segment Information (Textual) [Abstract]
Percentage of revenue generated from U.S. Government	88.00%	88.00%	88.00%	88.00%
Fluid [Member]
Business Segment Information
Product Revenue	$ 1,034	$ 884	$ 3,035	$ 2,498
Service revenue	35	33	134	96
Total Revenue	1,069	917	3,169	2,594
Operating Income	$ 144	$ 115	$ 430	$ 336
Operating Margin	13.50%	12.50%	13.60%	13.00%
Total Assets	$ 4,763		$ 4,763		4,055
Plant, Property & Equipment, Net	502		502		518
Capital expenditures			83	$ 50
Depreciation & Amortization			109	69
Motion & Flow [Member]
Business Segment Information
Product Revenue	384	$ 361	1,224	1,106
Service revenue	2	2	6	7
Total Revenue	386	363	1,230	1,113
Operating Income	$ 49	$ 46	$ 170	$ 144
Operating Margin	12.70%	12.70%	13.80%	12.90%
Total Assets	$ 1,490		$ 1,490		1,372
Plant, Property & Equipment, Net	227		227		230
Capital expenditures			31	$ 26
Depreciation & Amortization			42	39
Eliminations [Member]
Business Segment Information
Product Revenue	(3)	$ (3)	(8)	(9)
Service revenue	0	0	0	0
Total Revenue	(3)	(3)	(8)	(9)
Corporate and Other [Member]
Business Segment Information
Operating Income	$ (219)	$ (371)	$ (456)	$ (456)
Operating Margin	0.00%	0.00%	0.00%	0.00%
Total Assets	$ 4,420		$ 4,420		2,862
Plant, Property & Equipment, Net	$ 26		26		$ 23
Capital expenditures			17	$ 25
Depreciation & Amortization			$ 6	$ 7

Subsequent Events (Details Textual) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Oct. 31, 2011 USD ($) $ / shares	Sep. 30, 2011 USD ($) $ / shares	Sep. 30, 2010 $ / shares	Sep. 30, 2011 USD ($) $ / shares	Sep. 30, 2010 $ / shares	Oct. 28, 2011 USD ($)	Oct. 25, 2011 USD ($)	Oct. 21, 2011 USD ($)
Subsequent Events (Textual) [Abstract]
Ratio of reverse stock split	0.50
Effect to the reverse stock split \| $ / shares	$ 0.091	$ 0.25	$ 0.25	$ 0.75	$ 0.75
Amount of pre-reverse stock split basis \| $ / shares	$ 0.0455
Maturity period of new credit facility	4 years
Extension period of credit facility	1 year
Outstanding letter of credit							$ 100
Reduced minimum commitment amount							10
Interest rate per annum	The federal funds effective rate plus one-half of 1% or the 1-month LIBO rate, adjusted for statutory reserve requirements, plus 1%, in each case, plus an applicable margin.
Extinguishment of debentures through tender offer of 2025 Notes	$ 88
Loss on early extinguishment of debt	$ 325	$ (3)		$ (3)
Percentage to be added to effective federal funds rate under condition one				one-half of 1%
Percentage to be added to effective federal funds rate under condition two				1-month LIBOR rate
Percentage to be added to computed percentage under conditions one or two to compute interest rate				1.00%
7.40% Notes and Debentures due November 2025 [Member]
Debt Instrument [Line Items]
Interest Rate of Notes and debentures:		7.40%		7.40%
Subsequent Events (Textual) [Abstract]
Remaining amount on 2025 notes								$ 162
4.90% Notes and Debentures due May 2014 [Member]
Debt Instrument [Line Items]
Interest Rate of Notes and debentures:		4.90%		4.90%
6.125% Notes and Debentures due May 2019 [Member]
Debt Instrument [Line Items]
Interest Rate of Notes and debentures:		6.125%		6.125%
Maximum [Member]
Debt Instrument [Line Items]
Ratio of consolidated indebtedness to Ebitda	3.00
Ratio of consolidated Ebitda to interest expense	3.00
Minimum [Member]
Debt Instrument [Line Items]
Ratio of consolidated indebtedness to Ebitda	1.00
Ratio of consolidated Ebitda to interest expense	1.00
Exelis Notes [Member]
Debt Instrument [Line Items]
Aggregate Principal Amount	$ 600
Maximum aggregate principal amount under the facility							800
Borrowed from revolving credit facility						$ 240
Xylem Notes [Member]
Debt Instrument [Line Items]
Aggregate Principal Amount	600
Maximum aggregate principal amount under the facility							800
Three Year Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Three-year revolving credit facility due August 2013							1,500
Four Year Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Three-year revolving credit facility due August 2013							500
Maximum aggregate principal amount under the facility							700
Potential maximum increase in credit facility							$ 200
Voluntary prepayments permitted	$ 50
Exelis and Xylem Revolving Credit Facilities [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Ratio of consolidated indebtedness to Ebitda	3.00
Exelis and Xylem Revolving Credit Facilities [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Ratio of consolidated indebtedness to Ebitda	1.00