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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 389.8 $ 460.7
Receivables, net 629.6 523.9
Inventories, net 311.9 295.2
Other current assets 147.4 122.0
Total current assets 1,478.7 1,401.8
Plant, property and equipment, net 521.7 464.5
Goodwill 886.8 774.7
Other intangible assets, net 156.2 160.3
Asbestos-related assets 304.0 314.6
Deferred income taxes 149.9 297.4
Other non-current assets 202.9 188.4
Total non-current assets 2,221.5 2,199.9
Total assets 3,700.2 3,601.7
Current liabilities:    
Short-term loans and current maturities of long-term debt 163.6 214.3
Accounts payable 351.4 301.7
Accrued liabilities 384.4 350.2
Total current liabilities 899.4 866.2
Asbestos-related liabilities 800.1 877.5
Postretirement benefits 227.3 248.6
Other non-current liabilities 175.6 181.0
Total non-current liabilities 1,203.0 1,307.1
Total liabilities 2,102.4 2,173.3
Shareholders’ equity:    
Common stock: authorized – 250 shares, $1 par value per share; issued and outstanding 88.2 and 88.4, respectively 88.2 88.4
Retained earnings 1,856.1 1,789.2
Accumulated other comprehensive loss:    
Postretirement benefit plans (137.6) (145.2)
Cumulative translation adjustments (210.6) (306.0)
Total ITT Inc. shareholders' equity 1,596.1 1,426.4
Noncontrolling interests 1.7 2.0
Total shareholders’ equity 1,597.8 1,428.4
Total liabilities and shareholders’ equity $ 3,700.2 3,601.7
Retained Earnings [Member]    
Shareholders’ equity:    
Retained earnings   1,789.2
Noncontrolling Interest [Member]    
Accumulated other comprehensive loss:    
Noncontrolling interests   $ 2.0