XML 18 R6.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Jul. 03, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 578.8 $ 859.8
Receivables, net 553.4 507.5
Inventories, net 406.2 360.5
Other current assets 88.8 189.5
Total current assets 1,627.2 1,917.3
Plant, property and equipment, net 502.7 525.1
Goodwill 936.3 944.8
Other intangible assets, net 95.8 106.4
Asbestos-related assets 0.0 353.7
Deferred income taxes 37.3 158.3
Other non-current assets 263.0 272.0
Total non-current assets 1,835.1 2,360.3
Total assets 3,462.3 4,277.6
Current liabilities:    
Commercial paper and current maturities of long-term debt 199.7 106.8
Accounts payable 337.8 306.8
Accrued liabilities 362.5 457.4
Total current liabilities 900.0 871.0
Asbestos-related liabilities 0.0 840.6
Postretirement benefits 222.0 227.5
Other non-current liabilities 200.0 210.6
Total non-current liabilities 422.0 1,278.7
Total liabilities $ 1,322.0 $ 2,149.7
Common stock, par value $ 1 $ 1
Shareholders’ equity:    
Issued and outstanding – 86.1 shares and 86.5 shares, respectively $ 86.1 $ 86.5
Retained earnings 2,353.1 2,319.3
Total accumulated other comprehensive loss (301.0) (279.4)
Total ITT Inc. shareholders’ equity 2,138.2 2,126.4
Noncontrolling interests 2.1 1.5
Total shareholders’ equity 2,140.3 2,127.9
Total liabilities and shareholders’ equity $ 3,462.3 $ 4,277.6