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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Revenue $ 698,400,000 $ 663,300,000
Costs of revenue 469,400,000 453,900,000
Gross profit 229,000,000.0 209,400,000
General and administrative expenses 52,100,000 57,100,000
Sales and marketing expenses 36,700,000 41,600,000
Research and development expenses 24,300,000 22,700,000
Asbestos-related costs (benefit), net 2,400,000 (40,700,000)
Restructuring costs 3,600,000 3,100,000
Asset impairment charges 0 16,300,000
Operating income 109,900,000 109,300,000
Interest and non-operating (income) expenses, net (1,300,000) 600,000
Income from continuing operations before income tax expense 111,200,000 108,700,000
Income tax expense 24,700,000 24,700,000
Income from continuing operations 86,500,000 84,000,000.0
Income from discontinued operations, net of tax 0 1,100,000
Net income 86,500,000 85,100,000
Less: Income attributable to noncontrolling interests 300,000 300,000
Net income attributable to ITT Inc. 86,200,000 84,800,000
Amounts attributable to ITT Inc.:    
Income from continuing operations, net of tax 86,200,000 83,700,000
Income from discontinued operations, net of tax 0 1,100,000
Net income attributable to ITT Inc. $ 86,200,000 $ 84,800,000
Basic earnings per share:    
Continuing operations $ 1.00 $ 0.96
Discontinued operations 0 0.01
Net income 1.00 0.97
Diluted earnings per share:    
Continuing operations 0.99 0.95
Discontinued operations 0 0.01
Net income $ 0.99 $ 0.96
Weighted average common shares – basic 86.3 87.4
Weighted average common shares – diluted 86.9 88.2