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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]      
Revenue $ 2,405.4 $ 2,485.6 $ 2,654.6
Costs of revenue 1,647.2 1,676.5 1,788.2
Gross profit 758.2 809.1 866.4
General and administrative expenses 274.1 258.3 300.1
Sales and marketing expenses 170.0 183.2 219.4
Research and development expenses 80.8 78.9 76.6
Asbestos-related (benefit) costs, net (25.6) (91.4) 3.9
Operating income 258.9 380.1 266.4
Interest and non-operating expenses (income), net 0.5 (2.2) 4.4
Income from continuing operations before income tax 258.4 382.3 262.0
Income tax expense 76.0 70.1 71.3
Income from continuing operations 182.4 312.2 190.7
Income (loss) from discontinued operations, including tax (expense) benefit of $(0.3), $24.5, and $4.8, respectively 4.2 39.4 (3.9)
Net income 186.6 351.6 186.8
Less: Income (loss) attributable to noncontrolling interests 0.5 (0.2) 2.3
Net income attributable to ITT Inc. 186.1 351.8 184.5
Amounts attributable to ITT Inc.:      
Income from continuing operations, net of tax 181.9 312.4 188.4
Income (loss) from discontinued operations, including tax (expense) benefit of $(0.3), $24.5, and $4.8, respectively 4.2 39.4 (3.9)
Net income attributable to ITT Inc. $ 186.1 $ 351.8 $ 184.5
Basic earnings per share:      
Continuing operations $ 2.04 $ 3.48 $ 2.06
Discontinued operations 0.05 0.44 (0.04)
Net income 2.09 3.92 2.02
Diluted earnings per share:      
Continuing operations 2.02 3.44 2.03
Discontinued operations 0.05 0.44 (0.04)
Net income $ 2.07 $ 3.88 $ 1.99
Weighted average common shares – basic 89.2 89.8 91.5
Weighted average common shares – diluted 89.9 90.7 92.8
Cash dividends declared per common share $ 0.496 $ 0.4732 $ 0.44