CONSOLIDATED CONDENSED BALANCE SHEETS (USD $) In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 570.1	$ 584.0
Receivables, net	537.2	500.1
Inventories, net	287.6	302.3
Total current assets	243.8	249.8
Total current assets	1,638.7	1,636.2
Plant, property and equipment, net	419.3	443.9
Goodwill	610.7	632.1
Other intangible assets, net	85.4	91.4
Asbestos-related assets	365.8	374.0
Deferred income taxes	301.4	304.1
Other non-current assets	151.3	149.8
Total non-current assets	1,933.9	1,995.3
Total assets	3,572.6	3,631.5	[1]
Current liabilities:
Commercial paper	113.5	0
Accounts payable	287.7	309.6
Accrued liabilities	433.3	465.8
Total current liabilities	834.5	775.4
Asbestos-related liabilities	1,120.7	1,116.6
Postretirement benefits	242.0	249.7
Other non-current liabilities	260.8	269.5
Total non-current liabilities	1,623.5	1,635.8
Total liabilities	2,458.0	2,411.2
Shareholders’ equity:
Outstanding – 89.2 shares and 91.0 shares, respectively	89.2	91.0
Retained earnings	1,401.7	1,445.1
Total accumulated other comprehensive loss	(381.6)	(321.2)
Total ITT Corporation shareholders' equity	1,109.3	1,214.9
Noncontrolling interests	5.3	5.4
Total shareholders’ equity	1,114.6	1,220.3
Total liabilities and shareholders’ equity	$ 3,572.6	$ 3,631.5

[1] Amounts reflect balances as of December 31, 2014.