XML 49 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED CONDENSED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 515.1 $ 507.3
Receivables, net 597.5 496.7
Inventories, net 289.8 315.9
Other current assets 312.0 345.6
Total current assets 1,714.4 1,665.5
Plant, property and equipment, net 434.6 426.2
Goodwill - December 31, 2013 660.7 659.8
Other intangible assets, net 104.8 106.9
Asbestos-related assets 425.0 433.3
Deferred income taxes 299.3 303.6
Other non-current assets 144.9 144.9
Total non-current assets 2,069.3 2,074.7
Total assets 3,783.7 3,740.2 [1]
Current liabilities:    
Accounts payable 344.2 332.7
Accrued and other current liabilities 489.9 499.9
Total current liabilities 834.1 832.6
Asbestos-related liabilities 1,185.0 1,179.6
Postretirement benefits 242.8 243.3
Other non-current liabilities 282.2 277.8
Total non-current liabilities 1,710.0 1,700.7
Total liabilities 2,544.1 2,533.3
Shareholders’ equity:    
Common stock 91.7 91.0
Retained earnings 1,356.1 1,320.3
Total accumulated other comprehensive loss (212.2) (210.3)
Total ITT Corporation shareholders' equity 1,235.6 1,201.0
Noncontrolling interests 4.0 5.9
Total shareholders' equity 1,239.6 1,206.9
Total liabilities and shareholders' equity $ 3,783.7 $ 3,740.2
[1] Amounts reflect balances as of December 31, 2013.