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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 561.2 $ 389.8
Receivables, net 540.0 629.6
Inventories, net 380.5 311.9
Other current assets 163.4 147.4
Total current assets 1,645.1 1,478.7
Plant, property and equipment, net 518.8 521.7
Goodwill 875.9 886.8
Other intangible assets, net 136.1 156.2
Asbestos-related assets 309.6 304.0
Deferred income taxes 164.5 149.9
Other non-current assets 196.8 202.9
Total non-current assets 2,201.7 2,221.5
Total assets 3,846.8 3,700.2
Current liabilities:    
Short-term loans and current maturities of long-term debt 116.2 163.6
Accounts payable 339.2 351.4
Accrued liabilities 416.7 384.4
Total current liabilities 872.1 899.4
Asbestos-related liabilities 775.1 800.1
Postretirement benefits 208.2 227.3
Other non-current liabilities 166.5 175.6
Total non-current liabilities 1,149.8 1,203.0
Total liabilities 2,021.9 2,102.4
Shareholders’ equity:    
Common stock: authorized – 250 shares, $1 par value per share; issued and outstanding 88.2 and 88.4, respectively 87.6 88.2
Retained earnings 2,110.3 1,856.1
Accumulated other comprehensive loss:    
Postretirement benefit plans (131.6) (137.6)
Cumulative translation adjustments (243.9) (210.6)
Unrealized loss on investment securities 0.0 0.0
Total ITT Inc. shareholders' equity 1,822.4 1,596.1
Noncontrolling interests   1.7
Total shareholders’ equity 1,824.9 1,597.8
Total liabilities and shareholders’ equity 3,846.8 3,700.2
Retained Earnings [Member]    
Shareholders’ equity:    
Retained earnings 2,110.3 1,856.1
Noncontrolling Interest [Member]    
Accumulated other comprehensive loss:    
Noncontrolling interests $ 2.5 $ 1.7