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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 839.9 $ 612.1
Receivables, net 573.9 578.4
Inventories, net 382.4 392.9
Other current assets 152.0 153.4
Total current assets 1,948.2 1,736.8
Plant, property and equipment, net 511.5 531.5
Goodwill 914.4 927.2
Other intangible assets, net 119.7 138.0
Asbestos-related assets 353.6 319.6
Deferred income taxes 124.8 138.1
Other non-current assets 304.4 316.5
Total non-current assets 2,328.4 2,370.9
Total assets 4,276.6 4,107.7
Current liabilities:    
Short-term debt and current maturities of long-term debt 386.8 86.5
Accounts payable 323.9 332.4
Accrued liabilities 396.3 430.8
Total current liabilities 1,107.0 849.7
Asbestos-related liabilities 718.5 731.6
Postretirement benefits 211.9 213.9
Other non-current liabilities 223.6 234.7
Total non-current liabilities 1,154.0 1,180.2
Total liabilities 2,261.0 2,029.9
Shareholders’ equity:    
Issued and outstanding – 86.3 shares and 87.8 shares, respectively 86.3 87.8
Retained earnings 2,361.8 2,372.4
Total accumulated other comprehensive loss (435.7) (385.3)
Total ITT Inc. shareholders’ equity 2,012.4 2,074.9
Noncontrolling interests 3.2 2.9
Total shareholders’ equity 2,015.6 2,077.8
Total liabilities and shareholders’ equity $ 4,276.6 $ 4,107.7