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CONSOLIDATED CONDENSED INCOME STATEMENTS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Revenue $ 630.9 $ 626.2 $ 1,256.7 $ 1,235.3
Costs of revenue 426.5 420.6 850.0 834.4
Gross profit 204.4 205.6 406.7 400.9
General and administrative expenses 65.3 74.0 131.5 143.0
Sales and marketing expenses 43.9 46.0 87.0 89.3
Research and development expenses 22.6 21.1 45.1 40.3
Asbestos-related costs, net 14.9 15.0 29.8 27.8
Operating income 57.7 49.5 113.3 100.5
Interest and non-operating (income) expenses, net (0.9) (0.5) (0.1) 1.2
Income from continuing operations before income tax expense 58.6 50.0 113.4 99.3
Income tax expense 10.6 17.5 19.7 29.2
Income from continuing operations 48.0 32.5 93.7 70.1
(Loss) income from discontinued operations, net of tax (0.1) 0.5 (0.2) 0.2
Net income 47.9 33.0 93.5 70.3
Less: Income (loss) attributable to noncontrolling interests 0.1 0.2 (0.3) 0.1
Net income attributable to ITT Inc. 47.8 32.8 93.8 70.2
Amounts attributable to ITT Inc.:        
Income from continuing operations, net of tax 47.9 32.3 94.0 70.0
(Loss) income from discontinued operations, net of tax (0.1) 0.5 (0.2) 0.2
Net income attributable to ITT Inc. $ 47.8 $ 32.8 $ 93.8 $ 70.2
Basic:        
Continuing operations $ 0.54 $ 0.36 $ 1.06 $ 0.78
Discontinued operations 0.00 0.00 0.00 0.00
Net income 0.54 0.36 1.06 0.78
Diluted:        
Continuing operations 0.54 0.36 1.05 0.78
Discontinued operations 0.00 0.00 0.00 0.00
Net income $ 0.54 $ 0.36 $ 1.05 $ 0.78
Weighted average common shares – basic 88.5 89.8 88.4 89.7
Weighted average common shares – diluted 89.0 90.4 89.1 90.4
Cash dividends declared per common share $ 0.128 $ 0.124 $ 0.256 $ 0.248