$ITT
ITT INC. Stock $itt

$itt Overview Financials Valuation SEC Filings Company Website

2013 Q1 Form 10-Q Financial Statement

#000119312513195730 Filed on May 02, 2013

Income Statement

Concept	2013 Q1	2012 Q1
Revenue	$608.2M	$568.1M
YoY Change	7.06%	6.57%
Cost Of Revenue	$417.7M	$397.9M
YoY Change	4.98%	9.01%
Gross Profit	$190.5M	$170.2M
YoY Change	11.93%	1.25%
Gross Profit Margin	31.32%	29.96%
Selling, General & Admin	$120.9M	$104.8M
YoY Change	15.36%	24.02%
% of Gross Profit	63.46%	61.57%
Research & Development	$16.40M	$16.10M
YoY Change	1.86%	-2.42%
% of Gross Profit	8.61%	9.46%
Depreciation & Amortization	$24.50M	$16.20M
YoY Change	51.23%	-10.0%
% of Gross Profit	12.86%	9.52%
Operating Expenses	$137.3M	$120.9M
YoY Change	13.56%	19.7%
Operating Profit	$37.20M	$36.70M
YoY Change	1.36%	-45.31%
Interest Expense	-$2.700M	-$1.600M
YoY Change	68.75%	-93.36%
% of Operating Profit	-7.26%	-4.36%
Other Income/Expense, Net
YoY Change
Pretax Income	$34.50M	$35.10M
YoY Change	-1.71%	-200.0%
Income Tax	$15.00M	$24.60M
% Of Pretax Income	43.48%	70.09%
Net Earnings	$20.80M	$3.200M
YoY Change	550.0%	-97.36%
Net Earnings / Revenue	3.42%	0.56%
Basic Earnings Per Share	$0.23	$0.03
Diluted Earnings Per Share	$0.22	$0.03
COMMON SHARES
Basic Shares Outstanding	92.00M shares	94.30M shares
Diluted Shares Outstanding	93.20M shares	95.70M shares

Balance Sheet

Concept	2013 Q1	2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$540.0M	$728.0M
YoY Change	-25.82%	-32.22%
Cash & Equivalents	$483.1M	$728.1M
Short-Term Investments	$57.00M
Other Short-Term Assets	$265.6M	$389.0M
YoY Change	-31.72%	-36.33%
Inventory	$314.9M	$268.0M
Prepaid Expenses
Receivables	$457.0M	$424.0M
Other Receivables	$49.00M	$50.00M
Total Short-Term Assets	$1.570B	$1.859B
YoY Change	-15.56%	-60.53%
LONG-TERM ASSETS
Property, Plant & Equipment	$365.1M	$328.0M
YoY Change	11.31%	-72.83%
Goodwill	$644.0M
YoY Change
Intangibles	$114.2M
YoY Change
Long-Term Investments	$8.400M
YoY Change
Other Assets	$176.4M	$951.0M
YoY Change	-81.45%	-42.85%
Total Long-Term Assets	$1.804B	$1.890B
YoY Change	-4.56%	-76.42%
TOTAL ASSETS
Total Short-Term Assets	$1.570B	$1.859B
Total Long-Term Assets	$1.804B	$1.890B
Total Assets	$3.374B	$3.749B
YoY Change	-10.01%	-70.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$350.7M	$450.0M
YoY Change	-22.07%	-54.13%
Accrued Expenses	$492.2M	$70.00M
YoY Change	603.14%	-93.48%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change		-100.0%
Long-Term Debt Due	$900.0K	$23.00M
YoY Change	-96.09%
Total Short-Term Liabilities	$842.9M	$925.0M
YoY Change	-8.88%	-66.59%
LONG-TERM LIABILITIES
Long-Term Debt	$8.400M	$0.00
YoY Change		-100.0%
Other Long-Term Liabilities	$287.0M	$1.960B
YoY Change	-85.36%	-46.29%
Total Long-Term Liabilities	$1.864B	$1.960B
YoY Change	-4.91%	-60.82%
TOTAL LIABILITIES
Total Short-Term Liabilities	$842.9M	$925.0M
Total Long-Term Liabilities	$1.864B	$1.960B
Total Liabilities	$2.707B	$3.026B
YoY Change	-10.56%	-61.98%
SHAREHOLDERS EQUITY
Retained Earnings	$882.2M
YoY Change
Common Stock	$91.20M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$662.7M	$723.0M
YoY Change
Total Liabilities & Shareholders Equity	$3.374B	$3.749B
YoY Change	-10.01%	-70.54%

Cashflow Statement

Concept	2013 Q1	2012 Q1
OPERATING ACTIVITIES
Net Income	$20.80M	$3.200M
YoY Change	550.0%	-97.36%
Depreciation, Depletion And Amortization	$24.50M	$16.20M
YoY Change	51.23%	-10.0%
Cash From Operating Activities	-$12.70M	$16.70M
YoY Change	-176.05%	-87.05%
INVESTING ACTIVITIES
Capital Expenditures	-$16.70M	-$13.00M
YoY Change	28.46%	-13.33%
Acquisitions
YoY Change
Other Investing Activities	-$500.0K	-$1.400M
YoY Change	-64.29%	-95.17%
Cash From Investing Activities	-$34.70M	-$11.70M
YoY Change	196.58%	-73.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$34.20M	$2.500M
YoY Change	1268.0%	-91.07%
Debt Paid & Issued, Net	$2.600M
YoY Change
Cash From Financing Activities	-7.900M	14.40M
YoY Change	-154.86%	-130.0%
NET CHANGE
Cash From Operating Activities	-12.70M	16.70M
Cash From Investing Activities	-34.70M	-11.70M
Cash From Financing Activities	-7.900M	14.40M
Net Change In Cash	-55.30M	19.40M
YoY Change	-385.05%	-47.57%
FREE CASH FLOW
Cash From Operating Activities	-$12.70M	$16.70M
Capital Expenditures	-$16.70M	-$13.00M
Free Cash Flow	$4.000M	$29.70M
YoY Change	-86.53%	-79.38%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2013Q1	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	27500000
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CY2013Q1	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	141400000
CY2013Q1	us-gaap	Inventory Gross InventoryGross	265200000
CY2013Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-310700000
CY2013Q1	us-gaap	Liabilities Current LiabilitiesCurrent	842900000
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CY2013Q1	us-gaap	Inventory Work In Process InventoryWorkInProcess	75200000
CY2013Q1	us-gaap	Long Term Debt And Capital Lease Obligations LongTermDebtAndCapitalLeaseObligations	10200000
CY2013Q1	us-gaap	Deferred Tax Assets Net Noncurrent DeferredTaxAssetsNetNoncurrent	21300000
CY2013Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	882200000
CY2013Q1	us-gaap	Assets Assets	3373600000
CY2013Q1	us-gaap	Commercial Paper CommercialPaper	43500000
CY2013Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	483100000
CY2013Q1	us-gaap	Furniture And Fixtures Gross FurnitureAndFixturesGross	70300000
CY2013Q1	us-gaap	Accounts Receivable Gross Current AccountsReceivableGrossCurrent	467200000
CY2013Q1	us-gaap	Loss Contingency Accrual Carrying Value Noncurrent LossContingencyAccrualCarryingValueNoncurrent	1246600000
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CY2013Q1	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	184700000
CY2013Q1	us-gaap	Inventory Net InventoryNet	314900000
CY2013Q1	us-gaap	Minority Interest MinorityInterest	4300000
CY2013Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	9400000
CY2013Q1	us-gaap	Other Accrued Liabilities Noncurrent OtherAccruedLiabilitiesNoncurrent	27400000
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CY2013Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	10700000
CY2013Q1	us-gaap	Equity Method Investments EquityMethodInvestments	8400000
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CY2013Q1	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	42100000
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CY2013Q1	us-gaap	Other Short Term Borrowings OtherShortTermBorrowings
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CY2013Q1	us-gaap	Land Land	17600000
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CY2013Q1	us-gaap	Progress Payments Netted Against Inventory For Long Term Contracts Or Programs ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms	41700000
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CY2013Q1	itt	Future Amortization Expense Year Five And After FutureAmortizationExpenseYearFiveAndAfter	37600000
CY2013Q1	itt	Income Taxes Receivable And Prepaid Income Taxes Current IncomeTaxesReceivableAndPrepaidIncomeTaxesCurrent	58500000
CY2013Q1	itt	Accrued Environmental And Litigation Liabilities Current AccruedEnvironmentalAndLitigationLiabilitiesCurrent	38100000
CY2013Q1	itt	Customer Related Liabilities CustomerRelatedLiabilities	58600000
CY2013Q1	itt	Compensation And Other Employee Related Liabilities Noncurrent CompensationAndOtherEmployeeRelatedLiabilitiesNoncurrent	39400000
CY2013Q1	itt	Asbestos Related Assets AsbestosRelatedAssets	504100000
CY2013Q1	itt	Asbestos Related Current Assets AsbestosRelatedCurrentAssets	82500000
CY2013Q1	itt	Asbestos Related Liability Current AsbestosRelatedLiabilityCurrent	92100000
CY2013Q1	itt	Inventoried Costs Related To Long Term Contracts Net InventoriedCostsRelatedToLongTermContractsNet	49700000
CY2013Q1	itt	Future Amortization Expense Current Year FutureAmortizationExpenseCurrentYear	10600000
CY2013Q1	itt	Estimated Environmental Related Assets EstimatedEnvironmentalRelatedAssets	12200000
CY2013Q1	itt	Other Employee Benefit Related Assets OtherEmployeeBenefitRelatedAssets	88700000
CY2013Q1	itt	Finite And Infinite Lived Intangible Assets Gross FiniteAndInfiniteLivedIntangibleAssetsGross	155900000
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CY2012Q4	itt	Income Taxes Receivable And Prepaid Income Taxes Current IncomeTaxesReceivableAndPrepaidIncomeTaxesCurrent	66700000
CY2012Q4	itt	Accrued Environmental And Litigation Liabilities Current AccruedEnvironmentalAndLitigationLiabilitiesCurrent	38600000
CY2012Q4	itt	Customer Related Liabilities CustomerRelatedLiabilities	54600000
CY2012Q4	itt	Compensation And Other Employee Related Liabilities Noncurrent CompensationAndOtherEmployeeRelatedLiabilitiesNoncurrent	41300000
CY2012Q4	itt	Asbestos Related Assets AsbestosRelatedAssets	525300000
CY2012Q4	itt	Asbestos Related Current Assets AsbestosRelatedCurrentAssets	82600000
CY2012Q4	itt	Asbestos Related Liability Current AsbestosRelatedLiabilityCurrent	92400000
CY2012Q4	itt	Inventoried Costs Related To Long Term Contracts Net InventoriedCostsRelatedToLongTermContractsNet	43000000
CY2012Q4	itt	Estimated Environmental Related Assets EstimatedEnvironmentalRelatedAssets	12300000
CY2012Q4	itt	Other Employee Benefit Related Assets OtherEmployeeBenefitRelatedAssets	87700000
CY2012Q4	itt	Unvested Restricted Common Stock Included In Shares Issued And Outstanding UnvestedRestrictedCommonStockIncludedInSharesIssuedAndOutstanding	200000	shares
CY2012Q4	itt	Finite And Infinite Lived Intangible Assets Gross FiniteAndInfiniteLivedIntangibleAssetsGross	159600000
CY2006Q4	us-gaap	Stock Repurchase Program Authorized Amount StockRepurchaseProgramAuthorizedAmount	1000000000
CY2006Q4	itt	Original Term Of Repurchase Program OriginalTermOfRepurchaseProgram	P3Y
CY2013Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2013Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2013
CY2013Q1	dei	Document Type DocumentType	10-Q
CY2013Q1	dei	Document Period End Date DocumentPeriodEndDate	2013-03-31
CY2013Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000216228
CY2013Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2013Q1	dei	Trading Symbol TradingSymbol	ITT
CY2013Q1	dei	Entity Registrant Name EntityRegistrantName	ITT Corporation
CY2013Q1	dei	Amendment Flag AmendmentFlag	false
CY2013Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
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CY2013Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	800000	shares
CY2013Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	24500000
CY2013Q1	us-gaap	Net Cash Provided By Used In Discontinued Operations NetCashProvidedByUsedInDiscontinuedOperations	-400000
CY2013Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	2600000
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CY2013Q1	us-gaap	Profit Loss ProfitLoss	21200000
CY2013Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-2800000
CY2013Q1	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	91900000	shares
CY2013Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	14000000
CY2013Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	16400000
CY2013Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	92000000	shares
CY2013Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	4	Segment
CY2013Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare	0.02
CY2013Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	6000000
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CY2013Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P6Y4M24D
CY2013Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-26000000
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CY2013Q1	us-gaap	Defined Benefit Plan Net Periodic Benefit Cost DefinedBenefitPlanNetPeriodicBenefitCost	7000000
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CY2013Q1	us-gaap	Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax	-1000000
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CY2013Q1	us-gaap	Goodwill Translation Adjustments GoodwillTranslationAdjustments	-7400000
CY2013Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	45600000
CY2013Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1200000	shares
CY2013Q1	us-gaap	Defined Benefit Plan Amortization Of Gains Losses DefinedBenefitPlanAmortizationOfGainsLosses	-3700000
CY2013Q1	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	28300000
CY2013Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-61400000
CY2013Q1	us-gaap	Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost Recognized In Net Periodic Pension Cost Net Of Tax OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicPensionCostNetOfTax	-100000
CY2013Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	51800000
CY2013Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-34700000
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CY2013Q1	us-gaap	Other Comprehensive Income Amortization Of Defined Benefit Plan Net Prior Service Cost Recognized In Net Periodic Pension Cost Tax OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostRecognizedInNetPeriodicPensionCostTax	0
CY2013Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.23
CY2013Q1	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	19500000
CY2013Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-15400000
CY2013Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax	0
CY2013Q1	us-gaap	Proceeds From Sale Maturity And Collections Of Investments ProceedsFromSaleMaturityAndCollectionsOfInvestments	13200000
CY2013Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-7900000
CY2013Q1	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	-72500000
CY2013Q1	us-gaap	Other Comprehensive Income Loss Reclassification Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Tax OtherComprehensiveIncomeLossReclassificationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostTax	0
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.011	pure
CY2013Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-1800000
CY2013Q1	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	400000
CY2013Q1	us-gaap	Minority Interest Period Increase Decrease MinorityInterestPeriodIncreaseDecrease	4300000
CY2013Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.22
CY2013Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.100
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CY2013Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	69100000
CY2013Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	93200000	shares
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.299	pure
CY2013Q1	us-gaap	Gross Profit GrossProfit	190500000
CY2013Q1	us-gaap	Defined Benefit Plan Service Cost DefinedBenefitPlanServiceCost	2500000
CY2013Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-2000000
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	300000	shares
CY2013Q1	us-gaap	Defined Benefit Plan Contributions By Employer DefinedBenefitPlanContributionsByEmployer	900000
CY2013Q1	us-gaap	Revenues Revenues	608200000
CY2013Q1	us-gaap	Pension Contributions PensionContributions	-900000
CY2013Q1	us-gaap	Interest Paid Net InterestPaidNet	200000
CY2013Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	15000000
CY2013Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-6100000
CY2013Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	400000
CY2013Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	16700000
CY2013Q1	us-gaap	Defined Benefit Plan Expected Return On Plan Assets DefinedBenefitPlanExpectedReturnOnPlanAssets	5000000
CY2013Q1	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	2400000
CY2013Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	20800000
CY2013Q1	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	0.20
CY2013Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	7600000
CY2013Q1	us-gaap	Cash Provided By Used In Operating Activities Discontinued Operations CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations	-400000
CY2013Q1	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	1700000	shares
CY2013Q1	us-gaap	Depreciation Depreciation	15600000
CY2013Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-600000
CY2013Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-500000
CY2013Q1	us-gaap	Defined Benefit Plan Amortization Of Prior Service Cost Credit DefinedBenefitPlanAmortizationOfPriorServiceCostCredit	100000
CY2013Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	3000000
CY2013Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	0.4	shares
CY2013Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	-2400000
CY2013Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-2000000
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	6.62
CY2013Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	12400000
CY2013Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-23200000
CY2013Q1	itt	Number Of Shares Repurchased Under Settlement Of Employee Tax Withholding Obligations NumberOfSharesRepurchasedUnderSettlementOfEmployeeTaxWithholdingObligations	100000	shares
CY2013Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	900000
CY2013Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	14000000
CY2013Q1	us-gaap	Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights	100000	shares
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0.015	pure
CY2013Q1	us-gaap	Discontinued Operation Tax Effect Of Discontinued Operation DiscontinuedOperationTaxEffectOfDiscontinuedOperation	500000
CY2013Q1	us-gaap	Defined Benefit Plan Interest Cost DefinedBenefitPlanInterestCost	5700000
CY2013Q1	us-gaap	Cost Of Revenue CostOfRevenue	417700000
CY2013Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	0.21
CY2013Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax	1700000
CY2013Q1	itt	Operating Margin OperatingMargin	0.061	pure
CY2013Q1	itt	Compensation Costs Benefits On Liability Based Awards CompensationCostsBenefitsOnLiabilityBasedAwards	900000
CY2013Q1	itt	Common Stock Period Increase Decrease CommonStockPeriodIncreaseDecrease	-700000
CY2013Q1	itt	Asbestos Related Costs Net AsbestosRelatedCostsNet	16000000
CY2013Q1	itt	Asbestos Related Payments AsbestosRelatedPayments	-3400000
CY2013Q1	itt	Interest And Non Operating Expenses Net InterestAndNonOperatingExpensesNet	2700000
CY2013Q1	itt	Shares Repurchased Aggregate Value Under Settlement Of Employee Tax Withholding Obligations SharesRepurchasedAggregateValueUnderSettlementOfEmployeeTaxWithholdingObligations	2600000
CY2013Q1	itt	Tax Expense Benefit Of Amortization Of Net Actuarial Loss TaxExpenseBenefitOfAmortizationOfNetActuarialLoss	0
CY2013Q1	itt	Retained Earnings Period Increase Decrease RetainedEarningsPeriodIncreaseDecrease	-16600000
CY2013Q1	itt	Pre Tax Compensation Cost PreTaxCompensationCost	3900000
CY2013Q1	itt	Average Exercise Price Of Anti Dilutive Stock Options AverageExercisePriceOfAntiDilutiveStockOptions	23.81
CY2012Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	16100000
CY2012Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	94300000	shares
CY2013Q1	itt	Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost And Actuarial Gain Loss Recognized In Net Periodic Pension Cost Net Of Tax OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostAndActuarialGainLossRecognizedInNetPeriodicPensionCostNetOfTax	3800000
CY2012Q1	us-gaap	Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Net Of Tax OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax	2500000
CY2012Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	2200000	shares
CY2012Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	16200000
CY2012Q1	us-gaap	Net Cash Provided By Used In Discontinued Operations NetCashProvidedByUsedInDiscontinuedOperations	-1200000
CY2012Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare	-0.08
CY2012Q1	us-gaap	Profit Loss ProfitLoss	3200000
CY2012Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-11500000
CY2012Q1	us-gaap	Weighted Average Number Of Shares Issued Basic WeightedAverageNumberOfSharesIssuedBasic	93900000	shares
CY2012Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	35000000
CY2012Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare	-0.08
CY2012Q1	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	13100000
CY2012Q1	us-gaap	Cash Provided By Used In Financing Activities Discontinued Operations CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations	600000
CY2012Q1	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.701	pure
CY2012Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	30000000
CY2012Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	35100000
CY2012Q1	us-gaap	Defined Benefit Plan Net Periodic Benefit Cost DefinedBenefitPlanNetPeriodicBenefitCost	6200000
CY2012Q1	us-gaap	Income Loss From Continuing Operations IncomeLossFromContinuingOperations	10500000
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CY2012Q1	us-gaap	Share Based Compensation ShareBasedCompensation	2800000
CY2012Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	18400000
CY2012Q1	us-gaap	Stock Repurchased During Period Value StockRepurchasedDuringPeriodValue	49000000
CY2012Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	1400000	shares
CY2012Q1	us-gaap	Defined Benefit Plan Amortization Of Gains Losses DefinedBenefitPlanAmortizationOfGainsLosses	-2500000
CY2012Q1	us-gaap	Proceeds From Repayments Of Short Term Debt ProceedsFromRepaymentsOfShortTermDebt	20800000
CY2012Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	38200000
CY2012Q1	us-gaap	Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost Recognized In Net Periodic Pension Cost Net Of Tax OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicPensionCostNetOfTax	-200000
CY2012Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	47100000
CY2012Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-11600000
CY2012Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	36700000
CY2012Q1	us-gaap	Cash Provided By Used In Investing Activities Discontinued Operations CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations	-100000
CY2012Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.03
CY2012Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-10600000
CY2012Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax	0
CY2012Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	13800000
CY2012Q1	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	-58800000
CY2012Q1	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	800000
CY2012Q1	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	10500000
CY2012Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.03
CY2012Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.091
CY2012Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	37500000
CY2012Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	57700000
CY2012Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	95700000	shares
CY2012Q1	us-gaap	Gross Profit GrossProfit	170200000
CY2012Q1	us-gaap	Defined Benefit Plan Service Cost DefinedBenefitPlanServiceCost	1900000
CY2012Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod	300000	shares
CY2012Q1	us-gaap	Defined Benefit Plan Contributions By Employer DefinedBenefitPlanContributionsByEmployer	32200000
CY2012Q1	us-gaap	Revenues Revenues	568100000
CY2012Q1	us-gaap	Pension Contributions PensionContributions	-32200000
CY2012Q1	us-gaap	Interest Paid Net InterestPaidNet	500000
CY2012Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	24600000
CY2012Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	18800000
CY2012Q1	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	13000000
CY2012Q1	us-gaap	Defined Benefit Plan Expected Return On Plan Assets DefinedBenefitPlanExpectedReturnOnPlanAssets	4300000
CY2012Q1	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	3600000
CY2012Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	3200000
CY2012Q1	us-gaap	Income Loss From Continuing Operations Per Diluted Share IncomeLossFromContinuingOperationsPerDilutedShare	0.11
CY2012Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1900000
CY2012Q1	us-gaap	Cash Provided By Used In Operating Activities Discontinued Operations CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations	-1700000
CY2012Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	8900000
CY2012Q1	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	2150000	shares
CY2012Q1	us-gaap	Depreciation Depreciation	12800000
CY2012Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	-99700000
CY2012Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-1400000
CY2012Q1	us-gaap	Defined Benefit Plan Amortization Of Prior Service Cost Credit DefinedBenefitPlanAmortizationOfPriorServiceCostCredit	200000
CY2012Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	2800000
CY2012Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1.3	shares
CY2012Q1	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	44700000
CY2012Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-38300000
CY2012Q1	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	107700000
CY2012Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	41500000
CY2012Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	11100000
CY2012Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	35000000
CY2012Q1	us-gaap	Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights	400000	shares
CY2012Q1	us-gaap	Discontinued Operation Tax Effect Of Discontinued Operation DiscontinuedOperationTaxEffectOfDiscontinuedOperation	-1200000
CY2012Q1	us-gaap	Defined Benefit Plan Interest Cost DefinedBenefitPlanInterestCost	5900000
CY2012Q1	us-gaap	Cost Of Revenue CostOfRevenue	397900000
CY2012Q1	us-gaap	Income Loss From Continuing Operations Per Basic Share IncomeLossFromContinuingOperationsPerBasicShare	0.11
CY2012Q1	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax	-7300000
CY2012Q1	itt	Operating Margin OperatingMargin	0.065	pure
CY2012Q1	itt	Compensation Costs Benefits On Liability Based Awards CompensationCostsBenefitsOnLiabilityBasedAwards	500000
CY2012Q1	itt	Common Stock Period Increase Decrease CommonStockPeriodIncreaseDecrease	300000
CY2012Q1	itt	Asbestos Related Costs Net AsbestosRelatedCostsNet	12600000
CY2012Q1	itt	Asbestos Related Payments AsbestosRelatedPayments	-15700000
CY2012Q1	itt	Interest And Non Operating Expenses Net InterestAndNonOperatingExpensesNet	1600000
CY2012Q1	itt	Shares Repurchased Aggregate Value Under Settlement Of Employee Tax Withholding Obligations SharesRepurchasedAggregateValueUnderSettlementOfEmployeeTaxWithholdingObligations	2200000
CY2012Q1	itt	Retained Earnings Period Increase Decrease RetainedEarningsPeriodIncreaseDecrease	-13000000
CY2012Q1	itt	Pre Tax Compensation Cost PreTaxCompensationCost	3300000
CY2012Q1	itt	Average Exercise Price Of Anti Dilutive Stock Options AverageExercisePriceOfAntiDilutiveStockOptions	21.16
CY2012Q1	itt	Number Of Shares Repurchased Under Settlement Of Employee Tax Withholding Obligations NumberOfSharesRepurchasedUnderSettlementOfEmployeeTaxWithholdingObligations	100000	shares
CY2012Q1	itt	Other Comprehensive Income Defined Benefit Plan Unrealized Foreign Currency Gain Loss Net Of Tax OtherComprehensiveIncomeDefinedBenefitPlanUnrealizedForeignCurrencyGainLossNetOfTax	-400000
CY2012Q1	itt	Other Comprehensive Income Loss Amortization Pension And Other Postretirement Benefit Plans Net Prior Service Cost And Actuarial Gain Loss Recognized In Net Periodic Pension Cost Net Of Tax OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostAndActuarialGainLossRecognizedInNetPeriodicPensionCostNetOfTax	2700000

Files In Submission

Name	View Source	Status
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d508519d10q.htm	Edgar Link	pending
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$ITT
ITT INC. Stock $itt

2013 Q1 Form 10-Q Financial Statement

#000119312513195730 Filed on May 02, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ITT ITT INC. Stock $itt

2013 Q1 Form 10-Q Financial Statement

#000119312513195730 Filed on May 02, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ITT
ITT INC. Stock $itt