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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 555.7 $ 561.2
Receivables, net 574.3 540.0
Inventories, net 414.6 380.5
Other current assets 161.7 163.4
Total current assets 1,706.3 1,645.1
Plant, property and equipment, net 521.7 518.8
Goodwill 909.8 875.9
Other intangible assets, net 147.7 136.1
Asbestos-related assets 330.0 309.6
Deferred income taxes 149.1 164.5
Other non-current assets 299.6 196.8
Total non-current assets 2,357.9 2,201.7
Total assets 4,064.2 3,846.8 [1]
Current liabilities:    
Commercial paper and current maturities of long-term debt 122.7 116.2
Accounts payable 340.4 339.2
Accrued liabilities 425.7 416.7
Total current liabilities 888.8 872.1
Asbestos-related liabilities 741.6 775.1
Postretirement benefits 196.2 208.2
Other non-current liabilities 237.7 166.5
Total non-current liabilities 1,175.5 1,149.8
Total liabilities 2,064.3 2,021.9
Shareholders’ equity:    
Issued and outstanding – 87.6 shares and 87.6 shares, respectively 87.6 87.6
Retained earnings 2,313.6 2,110.3
Total accumulated other comprehensive loss (403.6) (375.5)
Total ITT Inc. shareholders’ equity 1,997.6 1,822.4
Noncontrolling interests 2.3 2.5
Total shareholders’ equity 1,999.9 1,824.9
Total liabilities and shareholders’ equity $ 4,064.2 $ 3,846.8
[1]
Amounts reflect balances as of December 31, 2018.