CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating Activities
Net income	$ 70.3	$ 184.4
Less: Income from discontinued operations	0.2	5.1
Less: Income attributable to noncontrolling interests	0.1	0.0
Income from continuing operations attributable to ITT Inc.	70.0	179.3
Adjustments to income from continuing operations:
Depreciation and amortization	51.1	41.9
Stock-based compensation	5.9	6.9
Asbestos-related costs (benefit), net	27.8	(69.4)
Asbestos-related payments, net	(11.5)	(6.5)
Changes in assets and liabilities:
Change in receivables	(45.6)	(71.8)
Change in inventories	(3.7)	2.0
Change in accounts payable	(4.3)	4.5
Change in accrued expenses	(28.1)	(19.6)
Change in Accrued and Deferred Income Taxes	9.7	30.4
Other, net	0.3	(8.2)
Net Cash – Operating activities	71.6	89.5
Investing Activities
Capital expenditures	(46.1)	(46.0)
Acquisitions, net of cash acquired	(0.2)	(53.5)
Purchases of investments	(60.6)	(73.0)
Maturities of investments	108.7	20.6
Proceeds from sale of businesses and other assets	1.2	8.9
Proceeds from insurance recovery	0.0	2.5
Other, net	0.2	0.3
Net Cash – Investing activities	3.2	(140.2)
Financing Activities
Commercial paper, net borrowings	23.5	68.7
Short-term revolving loans, borrowings	27.7	0.0
Short-term revolving loans, repayments	(78.3)	0.0
Long-term debt, repayments	(0.6)	(1.9)
Repurchase of common stock	(27.5)	(83.7)
Proceeds from issuance of common stock	8.8	5.3
Dividends paid	(22.5)	(11.0)
Excess tax benefit from equity compensation activity	3.4	3.0
Other, net	(2.3)	0.0
Net Cash – Financing activities	(67.8)	(19.6)
Exchange rate effects on cash and cash equivalents	4.0	(14.0)
Net Cash – Operating activities of discontinued operations	6.6	(2.3)
Net change in cash and cash equivalents	17.6	(86.6)
Cash and cash equivalents – beginning of year	415.7	584.0
Cash and cash equivalents – end of period	433.3	497.4
Cash paid during the year for:
Interest	2.4	0.5
Income taxes, net of refunds received	$ 15.2	$ 6.7