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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]      
Revenue $ 2,585.3 $ 2,405.4 $ 2,485.6
Costs of revenue 1,768.1 1,647.2 1,676.5
Gross profit 817.2 758.2 809.1
General and administrative expenses 264.0 274.1 258.3
Sales and marketing expenses 169.7 170.0 183.2
Research and development expenses 93.7 80.8 78.9
Asbestos-related benefit, net (19.9) (25.6) (91.4)
Operating income 309.7 258.9 380.1
Interest and non-operating expenses (income), net 0.3 0.5 (2.2)
Income from continuing operations before income tax 309.4 258.4 382.3
Income tax expense 194.6 76.0 70.1
Income from continuing operations 114.8 182.4 312.2
(Loss) income from discontinued operations, including tax benefit (expense) of $1.9, $(0.3), and $24.5, respectively (1.5) 4.2 39.4
Net income 113.3 186.6 351.6
Less: (Loss) income attributable to noncontrolling interests (0.2) 0.5 (0.2)
Net income attributable to ITT Inc. 113.5 186.1 351.8
Amounts attributable to ITT Inc.:      
Income from continuing operations, net of tax 115.0 181.9 312.4
(Loss) income from discontinued operations, including tax benefit (expense) of $1.9, $(0.3), and $24.5, respectively (1.5) 4.2 39.4
Net income attributable to ITT Inc. $ 113.5 $ 186.1 $ 351.8
Basic earnings per share:      
Continuing operations $ 1.30 $ 2.04 $ 3.48
Discontinued operations (0.01) 0.05 0.44
Net income 1.29 2.09 3.92
Diluted earnings per share:      
Continuing operations 1.29 2.02 3.44
Discontinued operations (0.01) 0.05 0.44
Net income $ 1.28 $ 2.07 $ 3.88
Weighted average common shares – basic 88.3 89.2 89.8
Weighted average common shares – diluted 89.0 89.9 90.7
Cash dividends declared per common share $ 0.512 $ 0.496 $ 0.4732