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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Oct. 02, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 585.8 $ 859.8
Receivables, net 560.2 507.5
Inventories, net 413.7 360.5
Other current assets 82.1 189.5
Total current assets 1,641.8 1,917.3
Plant, property and equipment, net 494.7 525.1
Goodwill 929.1 944.8
Other intangible assets, net 90.8 106.4
Asbestos-related assets 0.0 353.7
Deferred income taxes 36.9 158.3
Other non-current assets 260.9 272.0
Total non-current assets 1,812.4 2,360.3
Total assets 3,454.2 4,277.6
Current liabilities:    
Commercial paper and current maturities of long-term debt 198.6 106.8
Accounts payable 342.0 306.8
Accrued liabilities 358.6 457.4
Total current liabilities 899.2 871.0
Asbestos-related liabilities 0.0 840.6
Postretirement benefits 215.1 227.5
Other non-current liabilities 194.9 210.6
Total non-current liabilities 410.0 1,278.7
Total liabilities $ 1,309.2 $ 2,149.7
Common stock, par value $ 1 $ 1
Shareholders’ equity:    
Issued and outstanding – 85.6 shares and 86.5 shares, respectively $ 85.6 $ 86.5
Retained earnings 2,376.8 2,319.3
Total accumulated other comprehensive loss (319.4) (279.4)
Total ITT Inc. shareholders’ equity 2,143.0 2,126.4
Noncontrolling interests 2.0 1.5
Total shareholders’ equity 2,145.0 2,127.9
Total liabilities and shareholders’ equity $ 3,454.2 $ 4,277.6