CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 497.4	$ 584.0
Receivables, net	558.0	500.1
Inventories, net	294.9	302.3
Total current assets	283.1	249.8
Total current assets	1,633.4	1,636.2
Plant, property and equipment, net	421.4	443.9
Goodwill	625.6	632.1
Other intangible assets, net	110.1	91.4
Asbestos-related assets	331.9	374.0
Deferred income taxes	300.1	304.1
Other non-current assets	153.2	149.8
Total non-current assets	1,942.3	1,995.3
Total assets	3,575.7	3,631.5	[1]
Current liabilities:
Commercial paper	68.7	0.0
Accounts payable	299.2	309.6
Accrued liabilities	448.1	465.8
Total current liabilities	816.0	775.4
Asbestos-related liabilities	999.5	1,116.6
Postretirement benefits	240.9	249.7
Other non-current liabilities	251.5	269.5
Total non-current liabilities	1,491.9	1,635.8
Total liabilities	2,307.9	2,411.2
Shareholders’ equity:
Outstanding – 89.4 shares and 91.0 shares, respectively	89.4	91.0
Retained earnings	1,540.9	1,445.1
Total accumulated other comprehensive loss	(367.9)	(321.2)
Total ITT Corporation shareholders' equity	1,262.4	1,214.9
Noncontrolling interests	5.4	5.4
Total shareholders’ equity	1,267.8	1,220.3
Total liabilities and shareholders’ equity	$ 3,575.7	$ 3,631.5

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