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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Revenue $ 719.9 $ 696.8 $ 1,415.4 $ 1,386.1
Costs of revenue 487.9 470.8 964.6 935.9
Gross profit 232.0 226.0 450.8 450.2
General and administrative expenses 65.7 63.0 117.6 128.1
Sales and marketing expenses 42.7 43.4 82.9 86.9
Research and development expenses 25.8 25.8 49.3 50.5
Asbestos-related costs (benefit), net 11.8 13.5 24.4 (6.2)
Operating income 86.0 80.3 176.6 190.9
Interest and non-operating (income) expenses, net (0.4) 1.5 (0.9) 3.3
Income from continuing operations before income tax expense 86.4 78.8 177.5 187.6
Income tax expense 19.3 8.9 39.0 16.5
Income from continuing operations 67.1 69.9 138.5 171.1
(Loss) income from discontinued operations, net of tax (0.1) 0.0 (0.1) 0.1
Net income 67.0 69.9 138.4 171.2
Less: Income attributable to noncontrolling interests 0.2 0.2 0.3 0.3
Net income attributable to ITT Inc. 66.8 69.7 138.1 170.9
Amounts attributable to ITT Inc.:        
Income from continuing operations, net of tax 66.9 69.7 138.2 170.8
(Loss) income from discontinued operations, net of tax (0.1) 0.0 (0.1) 0.1
Net income attributable to ITT Inc. $ 66.8 $ 69.7 $ 138.1 $ 170.9
Basic:        
Continuing operations $ 0.76 $ 0.80 $ 1.58 $ 1.95
Net income 0.76 0.80 1.58 1.95
Diluted:        
Continuing operations 0.75 0.79 1.56 1.93
Net income $ 0.75 $ 0.79 $ 1.56 $ 1.93
Weighted average common shares – basic 87.8 87.5 87.7 87.8
Weighted average common shares – diluted 88.7 88.4 88.6 88.7