$ITT
ITT INC.

2017 Q1 Form 10-Q Financial Statement

#000021622817000017 Filed on May 08, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $625.8M $609.1M
YoY Change 2.74% 3.47%
Cost Of Revenue $422.7M $413.8M
YoY Change 2.15% 6.18%
Gross Profit $203.1M $195.3M
YoY Change 3.99% -1.86%
Gross Profit Margin 32.45% 32.06%
Selling, General & Admin $108.8M $112.3M
YoY Change -3.12% 4.56%
% of Gross Profit 53.57% 57.5%
Research & Development $22.40M $19.20M
YoY Change 16.67% 4.92%
% of Gross Profit 11.03% 9.83%
Depreciation & Amortization $24.80M $25.30M
YoY Change -1.98% 22.22%
% of Gross Profit 12.21% 12.95%
Operating Expenses $131.2M $131.5M
YoY Change -0.23% 4.61%
Operating Profit $57.00M $51.00M
YoY Change 11.76% -11.92%
Interest Expense -$800.0K -$1.700M
YoY Change -52.94% 41.67%
% of Operating Profit -1.4% -3.33%
Other Income/Expense, Net -$2.200M -$1.700M
YoY Change 29.41% 41.67%
Pretax Income $54.80M $49.30M
YoY Change 11.16% -13.05%
Income Tax $9.100M $11.70M
% Of Pretax Income 16.61% 23.73%
Net Earnings $46.00M $37.40M
YoY Change 22.99% -11.16%
Net Earnings / Revenue 7.35% 6.14%
Basic Earnings Per Share $0.52 $0.42
Diluted Earnings Per Share $0.52 $0.41
COMMON SHARES
Basic Shares Outstanding 88.50M shares 89.60M shares
Diluted Shares Outstanding 89.20M shares 90.50M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $398.0M $499.0M
YoY Change -20.24% -14.7%
Cash & Equivalents $348.5M $430.9M
Short-Term Investments $49.00M $69.00M
Other Short-Term Assets $142.0M $227.0M
YoY Change -37.44% -6.89%
Inventory $311.5M $301.3M
Prepaid Expenses
Receivables $550.0M $571.0M
Other Receivables $27.00M $36.00M
Total Short-Term Assets $1.379B $1.566B
YoY Change -11.96% -4.42%
LONG-TERM ASSETS
Property, Plant & Equipment $481.5M $443.0M
YoY Change 8.69% 5.65%
Goodwill $865.7M $787.6M
YoY Change 9.92% 28.97%
Intangibles $156.7M $181.2M
YoY Change -13.52% 112.18%
Long-Term Investments
YoY Change
Other Assets $186.1M $177.3M
YoY Change 4.96% 17.18%
Total Long-Term Assets $2.292B $2.243B
YoY Change 2.16% 15.98%
TOTAL ASSETS
Total Short-Term Assets $1.379B $1.566B
Total Long-Term Assets $2.292B $2.243B
Total Assets $3.670B $3.809B
YoY Change -3.64% 6.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $313.6M $293.5M
YoY Change 6.85% 2.02%
Accrued Expenses $359.1M $385.3M
YoY Change -6.8% -11.08%
Deferred Revenue
YoY Change
Short-Term Debt $100.0M $151.1M
YoY Change -33.82% 32.54%
Long-Term Debt Due $1.100M $1.100M
YoY Change 0.0%
Total Short-Term Liabilities $885.8M $954.0M
YoY Change -7.15% 14.32%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $174.1M $214.7M
YoY Change -18.91% -17.68%
Total Long-Term Liabilities $1.293B $1.432B
YoY Change -9.75% -11.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $885.8M $954.0M
Total Long-Term Liabilities $1.293B $1.432B
Total Liabilities $2.178B $2.386B
YoY Change -8.71% -2.92%
SHAREHOLDERS EQUITY
Retained Earnings $1.833B $1.727B
YoY Change 6.1% 23.22%
Common Stock $88.70M $90.00M
YoY Change -1.44% 0.9%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.490B $1.421B
YoY Change
Total Liabilities & Shareholders Equity $3.670B $3.809B
YoY Change -3.64% 6.62%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $46.00M $37.40M
YoY Change 22.99% -11.16%
Depreciation, Depletion And Amortization $24.80M $25.30M
YoY Change -1.98% 22.22%
Cash From Operating Activities $26.30M $13.20M
YoY Change 99.24% 67.09%
INVESTING ACTIVITIES
Capital Expenditures -$36.70M -$21.00M
YoY Change 74.76% -30.46%
Acquisitions $113.7M $200.0K
YoY Change 56750.0%
Other Investing Activities -$300.0K -$100.0K
YoY Change 200.0% -50.0%
Cash From Investing Activities -$150.1M -$24.80M
YoY Change 505.24% -38.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$3.600M $800.0K
YoY Change -550.0% -99.01%
Debt Paid & Issued, Net $300.0K $300.0K
YoY Change 0.0% 50.0%
Cash From Financing Activities 3.700M 16.90M
YoY Change -78.11% -50.29%
NET CHANGE
Cash From Operating Activities 26.30M 13.20M
Cash From Investing Activities -150.1M -24.80M
Cash From Financing Activities 3.700M 16.90M
Net Change In Cash -120.1M 5.300M
YoY Change -2366.04% 178.95%
FREE CASH FLOW
Cash From Operating Activities $26.30M $13.20M
Capital Expenditures -$36.70M -$21.00M
Free Cash Flow $63.00M $34.20M
YoY Change 84.21% -10.24%

Facts In Submission

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IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-100000 USD
CY2016Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-300000 USD
CY2017Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-400000 USD
CY2016Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-100000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
46100000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
37700000 USD
CY2017Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
24800000 USD
CY2016Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
25300000 USD
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3700000 USD
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2900000 USD
CY2017Q1 itt Asbestos Related Costs Net
AsbestosRelatedCostsNet
14900000 USD
CY2016Q1 itt Asbestos Related Costs Net
AsbestosRelatedCostsNet
12800000 USD
CY2017Q1 itt Asbestos Related Payments
AsbestosRelatedPayments
13000000.0 USD
CY2016Q1 itt Asbestos Related Payments
AsbestosRelatedPayments
4300000 USD
CY2017Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
34700000 USD
CY2016Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
21000000.0 USD
CY2017Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1600000 USD
CY2016Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4000000.0 USD
CY2017Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2500000 USD
CY2016Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-14800000 USD
CY2017Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-3500000 USD
CY2016Q1 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-28800000 USD
CY2017Q1 itt Increase Decreasein Accruedand Deferred Income Taxes
IncreaseDecreaseinAccruedandDeferredIncomeTaxes
-4600000 USD
CY2016Q1 itt Increase Decreasein Accruedand Deferred Income Taxes
IncreaseDecreaseinAccruedandDeferredIncomeTaxes
3400000 USD
CY2017Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
7500000 USD
CY2016Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
3500000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
27100000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
5700000 USD
CY2017Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
36700000 USD
CY2016Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
21000000.0 USD
CY2017Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
113700000 USD
CY2016Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
200000 USD
CY2017Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
CY2016Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
40000000.0 USD
CY2017Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
0 USD
CY2016Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
36300000 USD
CY2017Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-300000 USD
CY2016Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-100000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-150100000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-24800000 USD
CY2017Q1 us-gaap Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
-1500000 USD
CY2016Q1 us-gaap Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
28500000 USD
CY2017Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
0 USD
CY2016Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
27700000 USD
CY2017Q1 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
0 USD
CY2016Q1 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
27700000 USD
CY2017Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2100000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2017Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
300000 USD
CY2016Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
300000 USD
CY2017Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2300000 USD
CY2016Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
6900000 USD
CY2017Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
5900000 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
6100000 USD
CY2017Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
200000 USD
CY2016Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
11400000 USD
CY2017Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
0 USD
CY2016Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
3000000.0 USD
CY2017Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2016Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-2100000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
3700000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
16900000 USD
CY2017Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
7900000 USD
CY2016Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
9900000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-800000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
7500000 USD
CY2017Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-112200000 USD
CY2016Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
15200000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
460700000 USD
CY2015Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
415700000 USD
CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
348500000 USD
CY2016Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
430900000 USD
CY2017Q1 us-gaap Interest Paid Net
InterestPaidNet
1000000.0 USD
CY2016Q1 us-gaap Interest Paid Net
InterestPaidNet
1400000 USD
CY2017Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
13200000 USD
CY2016Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5000000.0 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1428400000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1365400000 USD
CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1492000000.0 USD
CY2016Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1422900000 USD
CY2017Q1 us-gaap Basis Of Accounting
BasisOfAccounting
Basis of Presentation<div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:16px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The unaudited consolidated condensed financial statements have been prepared pursuant to the rules and regulations of the SEC and, in the opinion of management, reflect all adjustments (which include normal recurring adjustments) necessary for a fair presentation of the financial position, results of operations, and cash flows for the periods presented. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) have been condensed or omitted pursuant to such SEC rules. We believe that the disclosures made are adequate to make the information presented not misleading. We consistently applied the accounting policies described in ITT's Annual Report on Form 10-K for the year ended December 31, </span><span style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">2016</span><span style="font-family:Arial;font-size:10pt;"> (</span><span style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">2016</span><span style="font-family:Arial;font-size:10pt;"> Annual Report) in preparing these unaudited financial statements. These financial statements should be read in conjunction with the financial statements and notes thereto included in our </span><span style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">2016</span><span style="font-family:Arial;font-size:10pt;"> Annual Report. </span></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:16px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Estimates are revised as additional information becomes available. Estimates and assumptions are used for, but not limited to, asbestos-related liabilities and recoveries from insurers, revenue recognition, unrecognized tax benefits, deferred tax valuation allowances, projected benefit obligations for postretirement plans, accounting for business combinations, goodwill and other intangible asset impairment testing, environmental liabilities, allowance for doubtful accounts and inventory valuation. Actual results could differ from these estimates. </span></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:16px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">ITT's quarterly financial periods end on the Saturday that is generally closest to the last day of the calendar quarter, except for the last quarterly period of the fiscal year, which ends on December 31st. For ease of presentation, the quarterly financial statements included herein are described as ending on the last day of the calendar quarter.</span></div>Certain prior year amounts have been reclassified to conform to the current year presentation.
CY2017Q1 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
Accounting Pronouncements Not Yet Adopted<div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">In March 2017, the FASB issued ASU 2017-07 which amends the Statement of Operations presentation for the components of net periodic benefit cost for entities that sponsor defined benefit pension and other postretirement plans. Under the ASU, entities are now required to disaggregate the service cost component and present it with other current compensation costs for the related employees. All other components of net periodic benefit cost will no longer be classified as an operating expense. In addition, only the service cost component will be eligible for capitalization on the balance sheet. The ASU requires a retrospective transition method to adopt the requirement to present service costs separately from the other components of net periodic benefit cost in the statements of operations and a prospective transition method to adopt the requirement that prohibits capitalization of all components of net periodic benefit cost on the balance sheet except service costs. The ASU is effective for the Company beginning in the first quarter of 2018, at which time we expect to adopt the new standard. We are currently assessing the impact of this amendment on our financial statements.</span></div><div style="line-height:120%;padding-bottom:8px;text-align:justify;text-indent:24px;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02 impacting the accounting for leases intending to increase transparency and comparability of organizations by requiring balance sheet presentation of leased assets and increased financial statement disclosure of leasing arrangements. The revised standard will require entities to recognize a liability for their lease obligations and a corresponding asset representing the right to use the underlying asset over the lease term. Lease obligations are to be measured at the present value of lease payments and accounted for using the effective interest method. The accounting for the leased asset will differ slightly depending on whether the agreement is deemed to be a financing or operating lease. For finance leases, the leased asset is depreciated on a straight-line basis and recorded separately from the interest expense in the statements of operations, resulting in higher expense in the earlier part of the lease term. For operating leases, the depreciation and interest expense components are combined, recognized evenly over the term of the lease, and presented as a reduction to operating income. The ASU requires that assets and liabilities be presented or disclosed separately and classified appropriately as current and noncurrent. The ASU further requires additional disclosure of certain qualitative and quantitative information related to lease agreements. The ASU is effective for the Company beginning in the first quarter 2019, at which time we expect to adopt the new standard. We are currently assessing our existing lease agreements and related financial disclosures to evaluate the impact of these amendments on our financial statements.</span></div>In May 2014, the FASB issued ASU 2014-09 amending the existing accounting standards for revenue recognition. The amendments are based on the principle that revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. The new guidance will be effective for the Company beginning in its first quarter of 2018. Based on our assessment to date, we have not identified any material changes to the timing of revenue recognition under the new standard. Therefore, at this time, we expect to adopt the new standard using a modified retrospective approach with the cumulative effect recognized as of the date of initial application.
CY2017Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 Segment
CY2017Q1 us-gaap Revenues
Revenues
625800000 USD
CY2016Q1 us-gaap Revenues
Revenues
609100000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
55600000 USD
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
51000000.0 USD
CY2017Q1 itt Operating Margin
OperatingMargin
0.089
CY2016Q1 itt Operating Margin
OperatingMargin
0.084
CY2017Q1 us-gaap Assets
Assets
3670400000 USD
CY2016Q4 us-gaap Assets
Assets
3601700000 USD
CY2017Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
36700000 USD
CY2016Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
21000000.0 USD
CY2017Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
24800000 USD
CY2016Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
25300000 USD
CY2017Q1 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
2600000 USD
CY2016Q1 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
5500000 USD
CY2016Q4 us-gaap Restructuring Reserve
RestructuringReserve
14600000 USD
CY2015Q4 us-gaap Restructuring Reserve
RestructuringReserve
20000000.0 USD
CY2017Q1 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
2600000 USD
CY2016Q1 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
5500000 USD
CY2017Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
5400000 USD
CY2016Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
6500000 USD
CY2017Q1 itt Asset Write Offs
AssetWriteOffs
0 USD
CY2016Q1 itt Asset Write Offs
AssetWriteOffs
200000 USD
CY2017Q1 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
1000000.0 USD
CY2016Q1 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
-100000 USD
CY2017Q1 us-gaap Restructuring Reserve
RestructuringReserve
12800000 USD
CY2016Q1 us-gaap Restructuring Reserve
RestructuringReserve
18700000 USD
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9100000 USD
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11700000 USD
CY2017Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.166
CY2016Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.237
CY2017Q1 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
19000000 USD
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88500000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
89600000 shares
CY2017Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
700000 shares
CY2016Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
900000 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
89200000 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
90500000 shares
CY2017Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
400000 shares
CY2016Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
600000 shares
CY2017Q1 itt Average Exercise Price Of Anti Dilutive Stock Options
AverageExercisePriceOfAntiDilutiveStockOptions
42.40
CY2016Q1 itt Average Exercise Price Of Anti Dilutive Stock Options
AverageExercisePriceOfAntiDilutiveStockOptions
39.74
CY2017Q1 itt Numberof Roic Awards Excludedfrom Diluted Shares Outstanding
NumberofROICAwardsExcludedfromDilutedSharesOutstanding
200000 shares
CY2017Q1 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
49000000.0 USD
CY2016Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
48400000 USD
CY2017Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
564200000 USD
CY2016Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
513500000 USD
CY2017Q1 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
3700000 USD
CY2016Q4 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
4200000 USD
CY2017Q1 us-gaap Other Receivables
OtherReceivables
23100000 USD
CY2016Q4 us-gaap Other Receivables
OtherReceivables
21600000 USD
CY2017Q1 itt Receivables Gross Current
ReceivablesGrossCurrent
591000000.0 USD
CY2016Q4 itt Receivables Gross Current
ReceivablesGrossCurrent
539300000 USD
CY2017Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
14100000 USD
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
15400000 USD
CY2017Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
576900000 USD
CY2016Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
523900000 USD
CY2017Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
51800000 USD
CY2016Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
53000000.0 USD
CY2017Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
63200000 USD
CY2016Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
60500000 USD
CY2017Q1 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
171400000 USD
CY2016Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
166000000.0 USD
CY2017Q1 us-gaap Inventory For Long Term Contracts Or Programs
InventoryForLongTermContractsOrPrograms
43600000 USD
CY2016Q4 us-gaap Inventory For Long Term Contracts Or Programs
InventoryForLongTermContractsOrPrograms
33500000 USD
CY2017Q1 itt Totalinventorybeforeprogresspayments
Totalinventorybeforeprogresspayments
330000000.0 USD
CY2016Q4 itt Totalinventorybeforeprogresspayments
Totalinventorybeforeprogresspayments
313000000.0 USD
CY2017Q1 us-gaap Progress Payments Netted Against Inventory For Long Term Contracts Or Programs
ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms
18500000 USD
CY2016Q4 us-gaap Progress Payments Netted Against Inventory For Long Term Contracts Or Programs
ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms
17800000 USD
CY2017Q1 us-gaap Inventory Net
InventoryNet
311500000 USD
CY2016Q4 us-gaap Inventory Net
InventoryNet
295200000 USD
CY2017Q1 itt Asbestos Related Current Assets
AsbestosRelatedCurrentAssets
66000000.0 USD
CY2017Q1 us-gaap Prepaid Taxes
PrepaidTaxes
27000000.0 USD
CY2016Q4 us-gaap Prepaid Taxes
PrepaidTaxes
7600000 USD
CY2016Q4 itt Asbestos Related Current Assets
AsbestosRelatedCurrentAssets
66000000.0 USD
CY2017Q1 us-gaap Other Assets Current
OtherAssetsCurrent
142000000.0 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1313200000 USD
CY2017Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
876400000 USD
CY2016Q4 us-gaap Other Assets Current
OtherAssetsCurrent
122000000.0 USD
CY2017Q1 itt Other Employee Benefit Related Assets
OtherEmployeeBenefitRelatedAssets
98200000 USD
CY2016Q4 itt Other Employee Benefit Related Assets
OtherEmployeeBenefitRelatedAssets
96500000 USD
CY2017Q1 itt Estimated Environmental Related Assets
EstimatedEnvironmentalRelatedAssets
24300000 USD
CY2016Q4 itt Estimated Environmental Related Assets
EstimatedEnvironmentalRelatedAssets
33400000 USD
CY2017Q1 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
42000000.0 USD
CY2016Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
38100000 USD
CY2017Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
21600000 USD
CY2016Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
20400000 USD
CY2017Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
186100000 USD
CY2016Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
188400000 USD
CY2017Q1 us-gaap Land
Land
28600000 USD
CY2016Q4 us-gaap Land
Land
28200000 USD
CY2017Q1 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
932700000 USD
CY2016Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
898600000 USD
CY2017Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
239100000 USD
CY2016Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
244600000 USD
CY2017Q1 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
70200000 USD
CY2016Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
68000000.0 USD
CY2017Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
77100000 USD
CY2016Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
68500000 USD
CY2017Q1 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
10200000 USD
CY2016Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
5300000 USD
CY2016Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
848700000 USD
CY2017Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
481500000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
464500000 USD
CY2017Q1 us-gaap Depreciation
Depreciation
18300000 USD
CY2017Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1357900000 USD
CY2016Q1 us-gaap Depreciation
Depreciation
18100000 USD
CY2016Q4 us-gaap Goodwill
Goodwill
774700000 USD
CY2017Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
89000000.0 USD
CY2017Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-2000000.0 USD
CY2017Q1 us-gaap Goodwill
Goodwill
865700000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
219300000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
89400000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
129900000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
217300000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
83700000 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
133600000 USD
CY2017Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
26800000 USD
CY2017Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
26800000 USD
CY2016Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
26700000 USD
CY2016Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
26700000 USD
CY2017Q1 itt Finite And Infinite Lived Intangible Assets Gross
FiniteAndInfiniteLivedIntangibleAssetsGross
246100000 USD
CY2017Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
89400000 USD
CY2017Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
156700000 USD
CY2016Q4 itt Finite And Infinite Lived Intangible Assets Gross
FiniteAndInfiniteLivedIntangibleAssetsGross
244000000.0 USD
CY2016Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
83700000 USD
CY2016Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
160300000 USD
CY2017Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4600000 USD
CY2016Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5400000 USD
CY2017Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
118900000 USD
CY2016Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
120500000 USD
CY2017Q1 itt Asbestos Related Liability Current
AsbestosRelatedLiabilityCurrent
76300000 USD
CY2016Q4 itt Asbestos Related Liability Current
AsbestosRelatedLiabilityCurrent
76800000 USD
CY2016Q4 itt Customer Related Liabilities
CustomerRelatedLiabilities
39900000 USD
CY2017Q1 itt Customer Related Liabilities
CustomerRelatedLiabilities
44300000 USD
CY2017Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
38800000 USD
CY2016Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
31000000.0 USD
CY2017Q1 itt Accrued Environmental And Litigation Liabilities Current
AccruedEnvironmentalAndLitigationLiabilitiesCurrent
26200000 USD
CY2016Q4 itt Accrued Environmental And Litigation Liabilities Current
AccruedEnvironmentalAndLitigationLiabilitiesCurrent
25100000 USD
CY2017Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
18200000 USD
CY2016Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
17400000 USD
CY2017Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
36400000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
39500000 USD
CY2017Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
359100000 USD
CY2016Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
350200000 USD
CY2017Q1 us-gaap Deferred Income Taxes And Other Tax Liabilities Noncurrent
DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent
26200000 USD
CY2016Q4 us-gaap Deferred Income Taxes And Other Tax Liabilities Noncurrent
DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent
24900000 USD
CY2017Q1 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
59100000 USD
CY2016Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
63200000 USD
CY2017Q1 itt Compensation And Other Employee Related Liabilities Noncurrent
CompensationAndOtherEmployeeRelatedLiabilitiesNoncurrent
33600000 USD
CY2016Q4 itt Compensation And Other Employee Related Liabilities Noncurrent
CompensationAndOtherEmployeeRelatedLiabilitiesNoncurrent
33000000.0 USD
CY2017Q1 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
55200000 USD
CY2016Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
59900000 USD
CY2017Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
174100000 USD
CY2016Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
181000000.0 USD
CY2017Q1 us-gaap Commercial Paper
CommercialPaper
112000000.0 USD
CY2016Q4 us-gaap Commercial Paper
CommercialPaper
113500000 USD
CY2017Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
100000000.0 USD
CY2016Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
100000000.0 USD
CY2017Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
1100000 USD
CY2016Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
800000 USD
CY2017Q1 us-gaap Debt Current
DebtCurrent
213100000 USD
CY2016Q4 us-gaap Debt Current
DebtCurrent
214300000 USD
CY2017Q1 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
4000000.0 USD
CY2016Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
2000000.0 USD
CY2017Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
217100000 USD
CY2016Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
216300000 USD
CY2017Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1600000 USD
CY2016Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1400000 USD
CY2017Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
4100000 USD
CY2016Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
4600000 USD
CY2017Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
4700000 USD
CY2016Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
5200000 USD
CY2017Q1 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-1200000 USD
CY2016Q1 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-1400000 USD
CY2017Q1 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-2800000 USD
CY2016Q1 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-3100000 USD
CY2017Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
2600000 USD
CY2016Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
2500000 USD
CY2017Q1 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
3500000 USD
CY2016Q1 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
3300000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
1100000 USD
CY2017Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3700000 USD
CY2016Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2900000 USD
CY2017Q1 itt Sharebasedcompensationcostsliabilitybasedawards
Sharebasedcompensationcostsliabilitybasedawards
500000 USD
CY2016Q1 itt Sharebasedcompensationcostsliabilitybasedawards
Sharebasedcompensationcostsliabilitybasedawards
500000 USD
CY2017Q1 itt Sharebasedcompensationcosts Total
SharebasedcompensationcostsTotal
4200000 USD
CY2016Q1 itt Sharebasedcompensationcosts Total
SharebasedcompensationcostsTotal
3400000 USD
CY2017Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
300000 shares
CY2017Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5900000 USD
CY2016Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6100000 USD
CY2017Q1 itt Number Of Shares Repurchased Under Settlement Of Employee Tax Withholding Obligations
NumberOfSharesRepurchasedUnderSettlementOfEmployeeTaxWithholdingObligations
100000 shares
CY2016Q1 itt Number Of Shares Repurchased Under Settlement Of Employee Tax Withholding Obligations
NumberOfSharesRepurchasedUnderSettlementOfEmployeeTaxWithholdingObligations
200000 shares
CY2017Q1 itt Shares Repurchased Aggregate Value Under Settlement Of Employee Tax Withholding Obligations
SharesRepurchasedAggregateValueUnderSettlementOfEmployeeTaxWithholdingObligations
2300000 USD
CY2016Q1 itt Shares Repurchased Aggregate Value Under Settlement Of Employee Tax Withholding Obligations
SharesRepurchasedAggregateValueUnderSettlementOfEmployeeTaxWithholdingObligations
6900000 USD
CY2017Q1 itt Asbestos Related Costs Benefit Provisionto Maintain10 Year Forecast Period
AsbestosRelatedCostsBenefitProvisiontoMaintain10YearForecastPeriod
14900000 USD
CY2016Q1 itt Asbestos Related Costs Benefit Provisionto Maintain10 Year Forecast Period
AsbestosRelatedCostsBenefitProvisiontoMaintain10YearForecastPeriod
15400000 USD
CY2016Q1 itt Asbestos Related Costs Benefit Settlement Agreement
AsbestosRelatedCostsBenefitSettlementAgreement
-2600000 USD
CY2017Q1 itt Asbestos Liability And Related Assets Net Current And Noncurrent
AsbestosLiabilityAndRelatedAssetsNetCurrentAndNoncurrent
575600000 USD
CY2016Q4 itt Asbestos Liability And Related Assets Net Current And Noncurrent
AsbestosLiabilityAndRelatedAssetsNetCurrentAndNoncurrent
573700000 USD
CY2016Q4 itt Asbestos Liability And Related Assets Net Current And Noncurrent
AsbestosLiabilityAndRelatedAssetsNetCurrentAndNoncurrent
573700000 USD
CY2015Q4 itt Asbestos Liability And Related Assets Net Current And Noncurrent
AsbestosLiabilityAndRelatedAssetsNetCurrentAndNoncurrent
630800000 USD
CY2017Q1 itt Asbestos Related Costs Benefit Provisionto Maintain10 Year Forecast Period
AsbestosRelatedCostsBenefitProvisiontoMaintain10YearForecastPeriod
14900000 USD
CY2016Q1 itt Asbestos Related Costs Benefit Provisionto Maintain10 Year Forecast Period
AsbestosRelatedCostsBenefitProvisiontoMaintain10YearForecastPeriod
15400000 USD
CY2017Q1 itt Asbestos Related Costs Benefit Settlement Agreement
AsbestosRelatedCostsBenefitSettlementAgreement
0 USD
CY2016Q1 itt Asbestos Related Costs Benefit Settlement Agreement
AsbestosRelatedCostsBenefitSettlementAgreement
-2600000 USD
CY2017Q1 itt Increase Decrease Net Cash Activity
IncreaseDecreaseNetCashActivity
-13000000.0 USD
CY2016Q1 itt Increase Decrease Net Cash Activity
IncreaseDecreaseNetCashActivity
-4300000 USD
CY2017Q1 itt Asbestos Liability And Related Assets Net Current And Noncurrent
AsbestosLiabilityAndRelatedAssetsNetCurrentAndNoncurrent
575600000 USD
CY2016Q1 itt Asbestos Liability And Related Assets Net Current And Noncurrent
AsbestosLiabilityAndRelatedAssetsNetCurrentAndNoncurrent
639300000 USD
CY2017Q1 itt Asbestos Related Liability Current
AsbestosRelatedLiabilityCurrent
76300000 USD
CY2017Q1 itt Asbestos Related Current Assets
AsbestosRelatedCurrentAssets
66000000.0 USD
CY2016Q1 itt Asbestos Related Liability Current
AsbestosRelatedLiabilityCurrent
88100000 USD
CY2016Q1 itt Asbestos Related Current Assets
AsbestosRelatedCurrentAssets
74500000 USD
CY2017Q1 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
866600000 USD
CY2017Q1 itt Asbestos Related Assets
AsbestosRelatedAssets
301300000 USD
CY2016Q1 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
957000000.0 USD
CY2016Q1 itt Asbestos Related Assets
AsbestosRelatedAssets
331300000 USD
CY2017Q1 itt Reductionto Environmental Qsf Assetdueto Settlement Agreement
ReductiontoEnvironmentalQSFAssetduetoSettlementAgreement
5200000 USD
CY2017Q1 itt Estimated Environmental Related Assets
EstimatedEnvironmentalRelatedAssets
24300000 USD
CY2016Q4 itt Estimated Environmental Related Assets
EstimatedEnvironmentalRelatedAssets
33400000 USD

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