CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 348.5	$ 460.7
Receivables, net	576.9	523.9
Inventories, net	311.5	295.2
Total current assets	142.0	122.0
Total current assets	1,378.9	1,401.8
Plant, property and equipment, net	481.5	464.5
Goodwill	865.7	774.7
Other intangible assets, net	156.7	160.3
Asbestos-related assets	301.3	314.6
Deferred income taxes	300.2	297.4
Other non-current assets	186.1	188.4
Total non-current assets	2,291.5	2,199.9
Total assets	3,670.4	3,601.7	[1]
Current liabilities:
Short-term loans and current maturities of long-term debt	213.1	214.3
Accounts payable	313.6	301.7
Accrued liabilities	359.1	350.2
Total current liabilities	885.8	866.2
Asbestos-related liabilities	866.6	877.5
Postretirement benefits	251.9	248.6
Other non-current liabilities	174.1	181.0
Total non-current liabilities	1,292.6	1,307.1
Total liabilities	2,178.4	2,173.3
Shareholders’ equity:
Issued and Outstanding – 88.7 shares and 88.4 shares, respectively	88.7	88.4
Retained earnings	1,832.6	1,789.2
Total accumulated other comprehensive loss	(430.9)	(451.2)
Total ITT Inc. shareholders' equity	1,490.4	1,426.4
Noncontrolling interests	1.6	2.0
Total shareholders’ equity	1,492.0	1,428.4
Total liabilities and shareholders’ equity	$ 3,670.4	$ 3,601.7

[1] Amounts reflect balances as of December 31, 2016.