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CONSOLIDATED CONDENSED INCOME STATEMENTS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]    
Revenue $ 625.8 $ 609.1
Costs of revenue 423.5 413.8
Gross profit 202.3 195.3
General and administrative expenses 66.2 69.0
Sales and marketing expenses 43.1 43.3
Research and development expenses 22.5 19.2
Asbestos-related costs, net 14.9 12.8
Operating income 55.6 51.0
Interest and non-operating expenses, net 0.8 1.7
Income from continuing operations before income tax expense 54.8 49.3
Income tax expense 9.1 11.7
Income from continuing operations 45.7 37.6
Loss from discontinued operations, net of tax (0.1) (0.3)
Net income 45.6 37.3
Less: Loss attributable to noncontrolling interests (0.4) (0.1)
Net income attributable to ITT Inc. 46.0 37.4
Amounts attributable to ITT Inc.:    
Income from continuing operations, net of tax 46.1 37.7
Loss from discontinued operations, net of tax (0.1) (0.3)
Net income attributable to ITT Inc. $ 46.0 $ 37.4
Basic:    
Continuing operations $ 0.52 $ 0.42
Discontinued operations 0 0
Net income 0.52 0.42
Diluted:    
Continuing operations 0.52 0.42
Discontinued operations 0 (0.01)
Net income $ 0.52 $ 0.41
Weighted average common shares – diluted 89.2 90.5
Cash dividends declared per common share $ 0.128 $ 0.124