$ITT
ITT INC. Stock $itt

$itt Overview Financials Valuation SEC Filings Company Website

2015 Q1 Form 10-Q Financial Statement

#000021622815000024 Filed on May 01, 2015

Income Statement

Concept	2015 Q1	2014 Q1
Revenue	$588.7M	$674.5M
YoY Change	-12.72%	10.9%
Cost Of Revenue	$389.7M	$459.7M
YoY Change	-15.23%	10.06%
Gross Profit	$199.0M	$214.8M
YoY Change	-7.36%	12.76%
Gross Profit Margin	33.8%	31.85%
Selling, General & Admin	$107.4M	$133.0M
YoY Change	-19.25%	10.01%
% of Gross Profit	53.97%	61.92%
Research & Development	$18.30M	$17.70M
YoY Change	3.39%	7.93%
% of Gross Profit	9.2%	8.24%
Depreciation & Amortization	$20.70M	$21.10M
YoY Change	-1.9%	-13.88%
% of Gross Profit	10.4%	9.82%
Operating Expenses	$125.7M	$150.7M
YoY Change	-16.59%	9.76%
Operating Profit	$57.90M	$48.30M
YoY Change	19.88%	29.84%
Interest Expense	-$1.200M	-$1.100M
YoY Change	9.09%	-59.26%
% of Operating Profit	-2.07%	-2.28%
Other Income/Expense, Net	-$1.200M	-$1.100M
YoY Change	9.09%
Pretax Income	$56.70M	$47.20M
YoY Change	20.13%	36.81%
Income Tax	$18.10M	$13.00M
% Of Pretax Income	31.92%	27.54%
Net Earnings	$42.10M	$32.20M
YoY Change	30.75%	54.81%
Net Earnings / Revenue	7.15%	4.77%
Basic Earnings Per Share	$0.46	$0.35
Diluted Earnings Per Share	$0.46	$0.35
COMMON SHARES
Basic Shares Outstanding	90.60M shares	91.40M shares
Diluted Shares Outstanding	91.60M shares	92.80M shares

Balance Sheet

Concept	2015 Q1	2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$585.0M	$579.0M
YoY Change	1.04%	7.22%
Cash & Equivalents	$570.1M	$515.1M
Short-Term Investments	$15.00M	$64.00M
Other Short-Term Assets	$243.8M	$312.0M
YoY Change	-21.86%	17.47%
Inventory	$287.6M	$289.8M
Prepaid Expenses
Receivables	$502.0M	$559.0M
Other Receivables	$35.00M	$39.00M
Total Short-Term Assets	$1.639B	$1.714B
YoY Change	-4.42%	9.21%
LONG-TERM ASSETS
Property, Plant & Equipment	$419.3M	$434.6M
YoY Change	-3.52%	19.04%
Goodwill	$610.7M	$660.7M
YoY Change	-7.57%	2.59%
Intangibles	$85.40M	$104.8M
YoY Change	-18.51%	-8.23%
Long-Term Investments		$4.700M
YoY Change		-44.05%
Other Assets	$151.3M	$144.9M
YoY Change	4.42%	-17.86%
Total Long-Term Assets	$1.934B	$2.069B
YoY Change	-6.54%	14.72%
TOTAL ASSETS
Total Short-Term Assets	$1.639B	$1.714B
Total Long-Term Assets	$1.934B	$2.069B
Total Assets	$3.573B	$3.784B
YoY Change	-5.58%	12.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$287.7M	$344.2M
YoY Change	-16.41%	-1.85%
Accrued Expenses	$433.3M	$489.9M
YoY Change	-11.55%	-0.47%
Deferred Revenue
YoY Change
Short-Term Debt	$114.0M	$27.00M
YoY Change	322.22%
Long-Term Debt Due		$1.300M
YoY Change		44.44%
Total Short-Term Liabilities	$834.5M	$834.1M
YoY Change	0.05%	-1.04%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$7.400M
YoY Change	-100.0%	-11.9%
Other Long-Term Liabilities	$260.8M	$282.2M
YoY Change	-7.58%	-1.67%
Total Long-Term Liabilities	$1.624B	$1.710B
YoY Change	-5.06%	-8.25%
TOTAL LIABILITIES
Total Short-Term Liabilities	$834.5M	$834.1M
Total Long-Term Liabilities	$1.624B	$1.710B
Total Liabilities	$2.458B	$2.544B
YoY Change	-3.38%	-6.0%
SHAREHOLDERS EQUITY
Retained Earnings	$1.402B	$1.356B
YoY Change	3.36%	53.72%
Common Stock	$89.20M	$91.70M
YoY Change	-2.73%	0.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.109B	$1.236B
YoY Change
Total Liabilities & Shareholders Equity	$3.573B	$3.784B
YoY Change	-5.58%	12.16%

Cashflow Statement

Concept	2015 Q1	2014 Q1
OPERATING ACTIVITIES
Net Income	$42.10M	$32.20M
YoY Change	30.75%	54.81%
Depreciation, Depletion And Amortization	$20.70M	$21.10M
YoY Change	-1.9%	-13.88%
Cash From Operating Activities	$7.900M	-$13.60M
YoY Change	-158.09%	7.09%
INVESTING ACTIVITIES
Capital Expenditures	-$30.20M	-$19.00M
YoY Change	58.95%	13.77%
Acquisitions	$0.00
YoY Change
Other Investing Activities	-$200.0K	$2.700M
YoY Change	-107.41%	-640.0%
Cash From Investing Activities	-$40.00M	$26.50M
YoY Change	-250.94%	-176.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$80.80M	-$4.200M
YoY Change	-2023.81%	-112.28%
Debt Paid & Issued, Net	$200.0K	$300.0K
YoY Change	-33.33%	-88.46%
Cash From Financing Activities	34.00M	-3.400M
YoY Change	-1100.0%	-56.96%
NET CHANGE
Cash From Operating Activities	7.900M	-13.60M
Cash From Investing Activities	-40.00M	26.50M
Cash From Financing Activities	34.00M	-3.400M
Net Change In Cash	1.900M	9.500M
YoY Change	-80.0%	-117.18%
FREE CASH FLOW
Cash From Operating Activities	$7.900M	-$13.60M
Capital Expenditures	-$30.20M	-$19.00M
Free Cash Flow	$38.10M	$5.400M
YoY Change	605.56%	35.0%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2015Q1	dei	Amendment Flag AmendmentFlag	false
CY2015Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2015Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2015Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2015
CY2015Q1	dei	Document Period End Date DocumentPeriodEndDate	2015-03-31
CY2015Q1	dei	Document Type DocumentType	10-Q
CY2015Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000216228
CY2015Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	89200000	shares
CY2015Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2015Q1	dei	Entity Registrant Name EntityRegistrantName	ITT Corporation
CY2015Q1	dei	Trading Symbol TradingSymbol	ITT
CY2014Q4	itt	Accrued Environmental And Litigation Liabilities Current AccruedEnvironmentalAndLitigationLiabilitiesCurrent	31600000	USD
CY2015Q1	itt	Accrued Environmental And Litigation Liabilities Current AccruedEnvironmentalAndLitigationLiabilitiesCurrent	29800000	USD
CY2014Q4	itt	Asbestos Liability And Related Assets Net Current And Noncurrent AsbestosLiabilityAndRelatedAssetsNetCurrentAndNoncurrent	746800000	USD
CY2015Q1	itt	Asbestos Liability And Related Assets Net Current And Noncurrent AsbestosLiabilityAndRelatedAssetsNetCurrentAndNoncurrent	758300000	USD
CY2015Q1	itt	Asbestos Liability Measurement Periodsfor Claims Pendingand Estimatedtobe Filed AsbestosLiabilityMeasurementPeriodsforClaimsPendingandEstimatedtobeFiled	P10Y
CY2014Q4	itt	Asbestos Related Assets AsbestosRelatedAssets	374000000	USD
CY2015Q1	itt	Asbestos Related Assets AsbestosRelatedAssets	365800000	USD
CY2014Q1	itt	Asbestos Related Costs Net AsbestosRelatedCostsNet	15800000	USD
CY2015Q1	itt	Asbestos Related Costs Net AsbestosRelatedCostsNet	15400000	USD
CY2014Q4	itt	Asbestos Related Current Assets AsbestosRelatedCurrentAssets	102400000	USD
CY2015Q1	itt	Asbestos Related Current Assets AsbestosRelatedCurrentAssets	102300000	USD
CY2014Q4	itt	Asbestos Related Liability Current AsbestosRelatedLiabilityCurrent	106600000	USD
CY2015Q1	itt	Asbestos Related Liability Current AsbestosRelatedLiabilityCurrent	105700000	USD
CY2014Q1	itt	Asbestos Related Payments AsbestosRelatedPayments	2500000	USD
CY2015Q1	itt	Asbestos Related Payments AsbestosRelatedPayments	3900000	USD
CY2014Q1	itt	Average Exercise Price Of Anti Dilutive Stock Options AverageExercisePriceOfAntiDilutiveStockOptions	43.52
CY2015Q1	itt	Average Exercise Price Of Anti Dilutive Stock Options AverageExercisePriceOfAntiDilutiveStockOptions	42.90
CY2014Q4	itt	Compensation And Other Employee Related Liabilities Noncurrent CompensationAndOtherEmployeeRelatedLiabilitiesNoncurrent	38600000	USD
CY2015Q1	itt	Compensation And Other Employee Related Liabilities Noncurrent CompensationAndOtherEmployeeRelatedLiabilitiesNoncurrent	34900000	USD
CY2014Q4	itt	Customer Related Liabilities CustomerRelatedLiabilities	41300000	USD
CY2015Q1	itt	Customer Related Liabilities CustomerRelatedLiabilities	45200000	USD
CY2014Q4	itt	Finite And Infinite Lived Intangible Assets Gross FiniteAndInfiniteLivedIntangibleAssetsGross	152700000	USD
CY2015Q1	itt	Finite And Infinite Lived Intangible Assets Gross FiniteAndInfiniteLivedIntangibleAssetsGross	146900000	USD
CY2015Q1	itt	Foreignexchangetranslation Foreignexchangetranslation	-300000	USD
CY2015Q1	itt	Increase Decrease Net Cash Activity IncreaseDecreaseNetCashActivity	-3900000	USD
CY2014Q1	itt	Number Of Shares Repurchased Under Settlement Of Employee Tax Withholding Obligations NumberOfSharesRepurchasedUnderSettlementOfEmployeeTaxWithholdingObligations	100000	shares
CY2015Q1	itt	Number Of Shares Repurchased Under Settlement Of Employee Tax Withholding Obligations NumberOfSharesRepurchasedUnderSettlementOfEmployeeTaxWithholdingObligations	100000	shares
CY2014Q1	itt	Numberof Roic Awards Excludedfrom Diluted Shares Outstanding NumberofROICAwardsExcludedfromDilutedSharesOutstanding	200000	shares
CY2015Q1	itt	Numberof Roic Awards Excludedfrom Diluted Shares Outstanding NumberofROICAwardsExcludedfromDilutedSharesOutstanding	200000	shares
CY2014Q1	itt	Operating Margin OperatingMargin	0.072
CY2015Q1	itt	Operating Margin OperatingMargin	0.098
CY2014Q4	itt	Other Employee Benefit Related Assets OtherEmployeeBenefitRelatedAssets	93000000	USD
CY2015Q1	itt	Other Employee Benefit Related Assets OtherEmployeeBenefitRelatedAssets	91400000	USD
CY2014Q4	itt	Receivables Gross Current ReceivablesGrossCurrent	513400000	USD
CY2015Q1	itt	Receivables Gross Current ReceivablesGrossCurrent	549000000	USD
CY2014Q1	itt	Sharebasedcompensationcosts Total SharebasedcompensationcostsTotal	3400000	USD
CY2015Q1	itt	Sharebasedcompensationcosts Total SharebasedcompensationcostsTotal	3300000	USD
CY2014Q1	itt	Sharebasedcompensationcostsliabilitybasedawards Sharebasedcompensationcostsliabilitybasedawards	100000	USD
CY2015Q1	itt	Sharebasedcompensationcostsliabilitybasedawards Sharebasedcompensationcostsliabilitybasedawards	200000	USD
CY2014Q1	itt	Shares Repurchased Aggregate Value Under Settlement Of Employee Tax Withholding Obligations SharesRepurchasedAggregateValueUnderSettlementOfEmployeeTaxWithholdingObligations	4800000	USD
CY2015Q1	itt	Shares Repurchased Aggregate Value Under Settlement Of Employee Tax Withholding Obligations SharesRepurchasedAggregateValueUnderSettlementOfEmployeeTaxWithholdingObligations	3600000	USD
CY2014Q4	itt	Totalinventorybeforeprogresspayments Totalinventorybeforeprogresspayments	340300000	USD
CY2015Q1	itt	Totalinventorybeforeprogresspayments Totalinventorybeforeprogresspayments	324400000	USD
CY2014Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	309600000	USD
CY2015Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	287700000	USD
CY2014Q4	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	476800000	USD
CY2015Q1	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	513300000	USD
CY2014Q4	us-gaap	Accrual For Environmental Loss Contingencies AccrualForEnvironmentalLossContingencies	82200000	USD
CY2015Q1	us-gaap	Accrual For Environmental Loss Contingencies AccrualForEnvironmentalLossContingencies	77900000	USD
CY2015Q1	us-gaap	Accrual For Environmental Loss Contingencies Payments AccrualForEnvironmentalLossContingenciesPayments	4200000	USD
CY2014Q4	us-gaap	Accrued Environmental Loss Contingencies Noncurrent AccruedEnvironmentalLossContingenciesNoncurrent	80200000	USD
CY2015Q1	us-gaap	Accrued Environmental Loss Contingencies Noncurrent AccruedEnvironmentalLossContingenciesNoncurrent	75800000	USD
CY2014Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	28000000	USD
CY2014Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-321200000	USD
CY2015Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-381600000	USD
CY2015Q1	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	31400000	USD
CY2014Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	465800000	USD
CY2015Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	433300000	USD
CY2014Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	797300000	USD
CY2015Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	767900000	USD
CY2014Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	3300000	USD
CY2015Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	3100000	USD
CY2014Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	13300000	USD
CY2015Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	11800000	USD
CY2014Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	3000000	USD
CY2015Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2200000	USD
CY2014Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	200000	shares
CY2015Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	300000	shares
CY2014Q4	us-gaap	Assets Assets	3631500000	USD
CY2015Q1	us-gaap	Assets Assets	3572600000	USD
CY2014Q4	us-gaap	Assets Current AssetsCurrent	1636200000	USD
CY2015Q1	us-gaap	Assets Current AssetsCurrent	1638700000	USD
CY2014Q4	us-gaap	Assets Noncurrent AssetsNoncurrent	1995300000	USD
CY2015Q1	us-gaap	Assets Noncurrent AssetsNoncurrent	1933900000	USD
CY2014Q4	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	228800000	USD
CY2015Q1	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	221500000	USD
CY2014Q4	us-gaap	Capitalized Computer Software Net CapitalizedComputerSoftwareNet	26800000	USD
CY2015Q1	us-gaap	Capitalized Computer Software Net CapitalizedComputerSoftwareNet	29700000	USD
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	507300000	USD
CY2014Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	515100000	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	584000000	USD
CY2015Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	570100000	USD
CY2014Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	7800000	USD
CY2015Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-13900000	USD
CY2014Q4	us-gaap	Commercial Paper CommercialPaper	0	USD
CY2015Q1	us-gaap	Commercial Paper CommercialPaper	113500000	USD
CY2014Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.11
CY2015Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.1183
CY2014Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	1
CY2015Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	1
CY2014Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	250000000	shares
CY2015Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	250000000	shares
CY2014Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	104300000	shares
CY2015Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	104500000	shares
CY2014Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	91000000	shares
CY2015Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	89200000	shares
CY2014Q4	us-gaap	Common Stock Value CommonStockValue	91000000	USD
CY2015Q1	us-gaap	Common Stock Value CommonStockValue	89200000	USD
CY2014Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	30300000	USD
CY2015Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-18300000	USD
CY2014Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	1000000	USD
CY2015Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	-100000	USD
CY2014Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	31300000	USD
CY2015Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-18400000	USD
CY2014Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	44500000	USD
CY2015Q1	us-gaap	Construction In Progress Gross ConstructionInProgressGross	36100000	USD
CY2014Q1	us-gaap	Cost Of Revenue CostOfRevenue	459700000	USD
CY2015Q1	us-gaap	Cost Of Revenue CostOfRevenue	389700000	USD
CY2014Q4	us-gaap	Deferred Income Taxes And Other Tax Liabilities Noncurrent DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent	112200000	USD
CY2015Q1	us-gaap	Deferred Income Taxes And Other Tax Liabilities Noncurrent DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent	113500000	USD
CY2014Q4	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	56200000	USD
CY2015Q1	us-gaap	Deferred Tax Assets Net Current DeferredTaxAssetsNetCurrent	53000000	USD
CY2014Q4	us-gaap	Deferred Tax Assets Net Noncurrent DeferredTaxAssetsNetNoncurrent	304100000	USD
CY2015Q1	us-gaap	Deferred Tax Assets Net Noncurrent DeferredTaxAssetsNetNoncurrent	301400000	USD
CY2014Q1	us-gaap	Defined Benefit Plan Amortization Of Gains Losses DefinedBenefitPlanAmortizationOfGainsLosses	-2300000	USD
CY2015Q1	us-gaap	Defined Benefit Plan Amortization Of Gains Losses DefinedBenefitPlanAmortizationOfGainsLosses	-3200000	USD
CY2014Q1	us-gaap	Defined Benefit Plan Amortization Of Prior Service Cost Credit DefinedBenefitPlanAmortizationOfPriorServiceCostCredit	-1300000	USD
CY2015Q1	us-gaap	Defined Benefit Plan Amortization Of Prior Service Cost Credit DefinedBenefitPlanAmortizationOfPriorServiceCostCredit	-2500000	USD
CY2014Q1	us-gaap	Defined Benefit Plan Contributions By Employer DefinedBenefitPlanContributionsByEmployer	2100000	USD
CY2015Q1	us-gaap	Defined Benefit Plan Contributions By Employer DefinedBenefitPlanContributionsByEmployer	2600000	USD
CY2014Q1	us-gaap	Defined Benefit Plan Expected Return On Plan Assets DefinedBenefitPlanExpectedReturnOnPlanAssets	5400000	USD
CY2015Q1	us-gaap	Defined Benefit Plan Expected Return On Plan Assets DefinedBenefitPlanExpectedReturnOnPlanAssets	5300000	USD
CY2014Q1	us-gaap	Defined Benefit Plan Interest Cost DefinedBenefitPlanInterestCost	5900000	USD
CY2015Q1	us-gaap	Defined Benefit Plan Interest Cost DefinedBenefitPlanInterestCost	4800000	USD
CY2014Q1	us-gaap	Defined Benefit Plan Net Periodic Benefit Cost DefinedBenefitPlanNetPeriodicBenefitCost	3200000	USD
CY2015Q1	us-gaap	Defined Benefit Plan Net Periodic Benefit Cost DefinedBenefitPlanNetPeriodicBenefitCost	1700000	USD
CY2014Q1	us-gaap	Defined Benefit Plan Service Cost DefinedBenefitPlanServiceCost	1700000	USD
CY2015Q1	us-gaap	Defined Benefit Plan Service Cost DefinedBenefitPlanServiceCost	1500000	USD
CY2014Q1	us-gaap	Depreciation Depreciation	17000000	USD
CY2015Q1	us-gaap	Depreciation Depreciation	17500000	USD
CY2014Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	21100000	USD
CY2015Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	20700000	USD
CY2014Q1	us-gaap	Discontinued Operation Tax Effect Of Discontinued Operation DiscontinuedOperationTaxEffectOfDiscontinuedOperation	-500000	USD
CY2015Q1	us-gaap	Discontinued Operation Tax Effect Of Discontinued Operation DiscontinuedOperationTaxEffectOfDiscontinuedOperation	-3500000	USD
CY2014Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.35
CY2015Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.46
CY2014Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.35
CY2015Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.46
CY2014Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-1700000	USD
CY2015Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-15800000	USD
CY2014Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.275
CY2015Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.319
CY2014Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	176500000	USD
CY2015Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	143000000	USD
CY2014Q1	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	5200000	USD
CY2015Q1	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	1800000	USD
CY2014Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	61300000	USD
CY2015Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	61500000	USD
CY2014Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	126400000	USD
CY2015Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	121700000	USD
CY2014Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	65100000	USD
CY2015Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	60200000	USD
CY2014Q4	us-gaap	Furniture And Fixtures Gross FurnitureAndFixturesGross	65800000	USD
CY2015Q1	us-gaap	Furniture And Fixtures Gross FurnitureAndFixturesGross	62900000	USD
CY2014Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	77700000	USD
CY2015Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	60100000	USD
CY2014Q4	us-gaap	Goodwill Goodwill	632100000	USD
CY2015Q1	us-gaap	Goodwill Goodwill	610700000	USD
CY2015Q1	us-gaap	Goodwill Translation Adjustments GoodwillTranslationAdjustments	-21400000	USD
CY2014Q1	us-gaap	Gross Profit GrossProfit	214800000	USD
CY2015Q1	us-gaap	Gross Profit GrossProfit	199000000	USD
CY2014Q1	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	33200000	USD
CY2015Q1	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	38700000	USD
CY2014Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	47200000	USD
CY2015Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	56700000	USD
CY2014Q1	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	34200000	USD
CY2015Q1	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	38600000	USD
CY2014Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	0.36
CY2015Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	0.42
CY2014Q1	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	0.36
CY2015Q1	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	0.42
CY2014Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	-1000000	USD
CY2015Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity	3400000	USD
CY2014Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare	-0.01
CY2015Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare	0.04
CY2014Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare	-0.01
CY2015Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare	0.04
CY2014Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	13000000	USD
CY2015Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	18100000	USD
CY2014Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	8700000	USD
CY2015Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-1000000	USD
CY2014Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	1800000	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-500000	USD
CY2014Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	-1700000	USD
CY2015Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	17200000	USD
CY2014Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-9500000	USD
CY2015Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-21300000	USD
CY2014Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-25600000	USD
CY2015Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-3600000	USD
CY2014Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	300000	USD
CY2015Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	8100000	USD
CY2014Q1	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	100000000	USD
CY2015Q1	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	56700000	USD
CY2014Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1400000	shares
CY2015Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1000000	shares
CY2014Q4	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	26300000	USD
CY2015Q1	us-gaap	Indefinite Lived Intangible Assets Excluding Goodwill IndefiniteLivedIntangibleAssetsExcludingGoodwill	25200000	USD
CY2014Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	91400000	USD
CY2015Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	85400000	USD
CY2014Q1	us-gaap	Interest Paid Net InterestPaidNet	100000	USD
CY2015Q1	us-gaap	Interest Paid Net InterestPaidNet	0	USD
CY2014Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	70500000	USD
CY2015Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	52000000	USD
CY2014Q4	us-gaap	Inventory For Long Term Contracts Or Programs InventoryForLongTermContractsOrPrograms	61400000	USD
CY2015Q1	us-gaap	Inventory For Long Term Contracts Or Programs InventoryForLongTermContractsOrPrograms	53300000	USD
CY2014Q4	us-gaap	Inventory Net InventoryNet	302300000	USD
CY2015Q1	us-gaap	Inventory Net InventoryNet	287600000	USD
CY2014Q4	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	148500000	USD
CY2015Q1	us-gaap	Inventory Raw Materials And Supplies InventoryRawMaterialsAndSupplies	151600000	USD
CY2014Q4	us-gaap	Inventory Work In Process InventoryWorkInProcess	59900000	USD
CY2015Q1	us-gaap	Inventory Work In Process InventoryWorkInProcess	67500000	USD
CY2014Q4	us-gaap	Land Land	24000000	USD
CY2015Q1	us-gaap	Land Land	23200000	USD
CY2014Q4	us-gaap	Liabilities Liabilities	2411200000	USD
CY2015Q1	us-gaap	Liabilities Liabilities	2458000000	USD
CY2014Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	3631500000	USD
CY2015Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	3572600000	USD
CY2014Q4	us-gaap	Liabilities Current LiabilitiesCurrent	775400000	USD
CY2015Q1	us-gaap	Liabilities Current LiabilitiesCurrent	834500000	USD
CY2014Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	1635800000	USD
CY2015Q1	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	1623500000	USD
CY2014Q4	us-gaap	Loss Contingency Accrual Carrying Value Noncurrent LossContingencyAccrualCarryingValueNoncurrent	1116600000	USD
CY2015Q1	us-gaap	Loss Contingency Accrual Carrying Value Noncurrent LossContingencyAccrualCarryingValueNoncurrent	1120700000	USD
CY2014Q4	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	870300000	USD
CY2015Q1	us-gaap	Machinery And Equipment Gross MachineryAndEquipmentGross	836700000	USD
CY2014Q4	us-gaap	Minority Interest MinorityInterest	5400000	USD
CY2015Q1	us-gaap	Minority Interest MinorityInterest	5300000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Discontinued Operations NetCashProvidedByUsedInDiscontinuedOperations	-400000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Discontinued Operations NetCashProvidedByUsedInDiscontinuedOperations	-300000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-3400000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	34000000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	26500000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-40000000	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-13200000	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	8200000	USD
CY2014Q1	us-gaap	Net Income Loss NetIncomeLoss	32200000	USD
CY2015Q1	us-gaap	Net Income Loss NetIncomeLoss	42100000	USD
CY2014Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	1000000	USD
CY2015Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-100000	USD
CY2014Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-1100000	USD
CY2015Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-1200000	USD
CY2014Q4	us-gaap	Notes And Loans Receivable Gross Current NotesAndLoansReceivableGrossCurrent	6100000	USD
CY2015Q1	us-gaap	Notes And Loans Receivable Gross Current NotesAndLoansReceivableGrossCurrent	4000000	USD
CY2015Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	4	Segment
CY2014Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	48300000	USD
CY2015Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	57900000	USD
CY2014Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	30500000	USD
CY2015Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	30600000	USD
CY2014Q4	us-gaap	Other Accrued Liabilities Noncurrent OtherAccruedLiabilitiesNoncurrent	38500000	USD
CY2015Q1	us-gaap	Other Accrued Liabilities Noncurrent OtherAccruedLiabilitiesNoncurrent	36600000	USD
CY2014Q4	us-gaap	Other Assets Current OtherAssetsCurrent	249800000	USD
CY2015Q1	us-gaap	Other Assets Current OtherAssetsCurrent	243800000	USD
CY2014Q4	us-gaap	Other Assets Miscellaneous Current OtherAssetsMiscellaneousCurrent	59900000	USD
CY2015Q1	us-gaap	Other Assets Miscellaneous Current OtherAssetsMiscellaneousCurrent	52600000	USD
CY2014Q4	us-gaap	Other Assets Miscellaneous Noncurrent OtherAssetsMiscellaneousNoncurrent	30000000	USD
CY2015Q1	us-gaap	Other Assets Miscellaneous Noncurrent OtherAssetsMiscellaneousNoncurrent	30200000	USD
CY2014Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	149800000	USD
CY2015Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	151300000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent	400000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent	300000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax	-800000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax	-1600000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax	500000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax	900000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-2500000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-60900000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-1900000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-60400000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-600000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-500000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax	-1400000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax	-2100000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax	900000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax	1200000	USD
CY2014Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax	600000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax	500000	USD
CY2014Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	269500000	USD
CY2015Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	260800000	USD
CY2014Q4	us-gaap	Other Receivables OtherReceivables	30500000	USD
CY2015Q1	us-gaap	Other Receivables OtherReceivables	31700000	USD
CY2014Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	2700000	USD
CY2015Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-200000	USD
CY2014Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	4800000	USD
CY2015Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	82800000	USD
CY2014Q1	us-gaap	Payments For Restructuring PaymentsForRestructuring	5800000	USD
CY2015Q1	us-gaap	Payments For Restructuring PaymentsForRestructuring	6600000	USD
CY2014Q1	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	49000000	USD
CY2015Q1	us-gaap	Payments To Acquire Investments PaymentsToAcquireInvestments	15300000	USD
CY2014Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	19000000	USD
CY2015Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	30200000	USD
CY2014Q4	us-gaap	Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent	249700000	USD
CY2015Q1	us-gaap	Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent	242000000	USD
CY2014Q4	us-gaap	Prepaid Taxes PrepaidTaxes	25900000	USD
CY2015Q1	us-gaap	Prepaid Taxes PrepaidTaxes	20600000	USD
CY2014Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	9000000	USD
CY2015Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	2000000	USD
CY2014Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-1500000	USD
CY2015Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-300000	USD
CY2014Q1	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	-11000000	USD
CY2015Q1	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	113500000	USD
CY2014Q1	us-gaap	Proceeds From Sale Maturity And Collections Of Investments ProceedsFromSaleMaturityAndCollectionsOfInvestments	97200000	USD
CY2015Q1	us-gaap	Proceeds From Sale Maturity And Collections Of Investments ProceedsFromSaleMaturityAndCollectionsOfInvestments	5300000	USD
CY2014Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	9000000	USD
CY2015Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	2000000	USD
CY2014Q4	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	29400000	USD
CY2015Q1	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	23400000	USD
CY2014Q1	us-gaap	Profit Loss ProfitLoss	33200000	USD
CY2015Q1	us-gaap	Profit Loss ProfitLoss	42000000	USD
CY2014Q4	us-gaap	Progress Payments Netted Against Inventory For Long Term Contracts Or Programs ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms	38000000	USD
CY2015Q1	us-gaap	Progress Payments Netted Against Inventory For Long Term Contracts Or Programs ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms	36800000	USD
CY2014Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	1241200000	USD
CY2015Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	1187200000	USD
CY2014Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	443900000	USD
CY2015Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	419300000	USD
CY2014Q4	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	7800000	USD
CY2015Q1	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	6800000	USD
CY2014Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	500100000	USD
CY2015Q1	us-gaap	Receivables Net Current ReceivablesNetCurrent	537200000	USD
CY2014Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	300000	USD
CY2015Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	200000	USD
CY2014Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	17700000	USD
CY2015Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	18300000	USD
CY2014Q1	us-gaap	Restructuring And Related Cost Incurred Cost RestructuringAndRelatedCostIncurredCost	15300000	USD
CY2015Q1	us-gaap	Restructuring And Related Cost Incurred Cost RestructuringAndRelatedCostIncurredCost	9300000	USD
CY2013Q4	us-gaap	Restructuring Reserve RestructuringReserve	14700000	USD
CY2014Q1	us-gaap	Restructuring Reserve RestructuringReserve	24100000	USD
CY2014Q4	us-gaap	Restructuring Reserve RestructuringReserve	21900000	USD
CY2015Q1	us-gaap	Restructuring Reserve RestructuringReserve	24200000	USD
CY2014Q1	us-gaap	Restructuring Reserve Translation Adjustment RestructuringReserveTranslationAdjustment	100000	USD
CY2015Q1	us-gaap	Restructuring Reserve Translation Adjustment RestructuringReserveTranslationAdjustment	400000	USD
CY2014Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1445100000	USD
CY2015Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	1401700000	USD
CY2014Q1	us-gaap	Revenues Revenues	674500000	USD
CY2015Q1	us-gaap	Revenues Revenues	588700000	USD
CY2014Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	55300000	USD
CY2015Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	47300000	USD
CY2014Q1	us-gaap	Share Based Compensation ShareBasedCompensation	3300000	USD
CY2015Q1	us-gaap	Share Based Compensation ShareBasedCompensation	3100000	USD
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1 ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1	P3Y
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	11.23
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	200000	shares
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0.011
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.294
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.017
CY2015Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod	P10Y
CY2015Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P5Y10M1D
CY2015Q1	us-gaap	Short Term Debt Weighted Average Interest Rate ShortTermDebtWeightedAverageInterestRate	0.0067	Rate
CY2014Q4	us-gaap	Short Term Investments ShortTermInvestments	5400000	USD
CY2015Q1	us-gaap	Short Term Investments ShortTermInvestments	15300000	USD
CY2015Q1	us-gaap	Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit	86600000	USD
CY2014Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	500000	shares
CY2015Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	100000	shares
CY2015Q1	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	1000000000	USD
CY2015Q1	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	2000000	shares
CY2015Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	80000000	USD
CY2014Q4	us-gaap	Stockholders Equity StockholdersEquity	1214900000	USD
CY2015Q1	us-gaap	Stockholders Equity StockholdersEquity	1109300000	USD
CY2013Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1206900000	USD
CY2014Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1239600000	USD
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1220300000	USD
CY2015Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1114600000	USD
CY2014Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	92800000	shares
CY2015Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	91600000	shares
CY2014Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	91400000	shares
CY2015Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	90600000	shares
CY2015Q1	us-gaap	Basis Of Accounting BasisOfAccounting	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;font-weight:bold;">Basis of Presentation</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:16px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The unaudited consolidated condensed financial statements have been prepared pursuant to the rules and regulations of the U.S. 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 Annual Report on Form 10-K for the year ended December 31, </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">2014</font><font style="font-family:Arial;font-size:10pt;"> (</font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">2014</font><font style="font-family:Arial;font-size:10pt;"> Annual Report) in preparing these unaudited financial statements. These financial statements should be read in conjunction with the financial statements and notes thereto included in our </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">2014</font><font style="font-family:Arial;font-size:10pt;"> Annual Report. </font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:16px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">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, revenue recognition, unrecognized tax benefits, deferred tax valuation allowances, projected benefit obligations for postretirement plans, accounting for business combinations, goodwill and other intangible asset impairment testing, environmental liabilities and recoveries from insurers, allowance for doubtful accounts and inventory valuation. Actual results could differ from these estimates. </font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:16px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">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. </font></div></div>
CY2015Q1	us-gaap	Description Of New Accounting Pronouncements Not Yet Adopted DescriptionOfNewAccountingPronouncementsNotYetAdopted	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-style:italic;">Accounting Pronouncements Not Yet Adopted</font></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">In May 2014, the Financial Accounting Standards Board (FASB) amended the existing accounting standards for revenue recognition. The amendments are based on the principle that revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. In April 2015, the FASB voted to propose a one-year deferral of the effective date of the new revenue standard. Under the proposal, the new guidance will be effective for the Company beginning in its first quarter of 2018. The amendments may be applied retrospectively to each prior period presented or with the cumulative effect recognized as of the date of initial application. ITT is currently evaluating the impact of these amendments and the transition alternatives on ITT's financial statements.</font></div></div>

Files In Submission

Name	View Source	Status
0000216228-15-000024-index-headers.html	Edgar Link	pending
0000216228-15-000024-index.html	Edgar Link	pending
0000216228-15-000024.txt	Edgar Link	pending
0000216228-15-000024-xbrl.zip	Edgar Link	pending
a10012015performanceunitaw.htm	Edgar Link	pending
a10022015stockoptionawarda.htm	Edgar Link	pending
a10032015restrictedstockun.htm	Edgar Link	pending
exhibit31133115.htm	Edgar Link	pending
exhibit31233115.htm	Edgar Link	pending
exhibit32133115.htm	Edgar Link	pending
exhibit32233115.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
itt-20150331.xml	Edgar Link	completed
itt-20150331.xsd	Edgar Link	pending
itt-20150331_cal.xml	Edgar Link	unprocessable
itt-20150331_def.xml	Edgar Link	unprocessable
itt-20150331_lab.xml	Edgar Link	unprocessable
itt-20150331_pre.xml	Edgar Link	unprocessable
itt3311510-q.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R51.htm	Edgar Link	pending
R52.htm	Edgar Link	pending
R53.htm	Edgar Link	pending
R54.htm	Edgar Link	pending
R55.htm	Edgar Link	pending
R56.htm	Edgar Link	pending
R57.htm	Edgar Link	pending
R58.htm	Edgar Link	pending
R59.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R60.htm	Edgar Link	pending
R61.htm	Edgar Link	pending
R62.htm	Edgar Link	pending
R63.htm	Edgar Link	pending
R64.htm	Edgar Link	pending
R65.htm	Edgar Link	pending
R66.htm	Edgar Link	pending
R67.htm	Edgar Link	pending
R68.htm	Edgar Link	pending
R69.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R70.htm	Edgar Link	pending
R71.htm	Edgar Link	pending
R72.htm	Edgar Link	pending
R73.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$ITT
ITT INC. Stock $itt

2015 Q1 Form 10-Q Financial Statement

#000021622815000024 Filed on May 01, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ITT ITT INC. Stock $itt

2015 Q1 Form 10-Q Financial Statement

#000021622815000024 Filed on May 01, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ITT
ITT INC. Stock $itt