$ITT
ITT INC.

2018 Q4 Form 10-Q Financial Statement

#000021622818000043 Filed on November 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2017 Q3
Revenue $678.4M $680.6M $645.0M
YoY Change -0.76% 5.52% 10.88%
Cost Of Revenue $467.9M $454.1M $441.2M
YoY Change -1.18% 2.92% 10.91%
Gross Profit $210.5M $226.5M $203.8M
YoY Change 0.19% 11.14% 10.82%
Gross Profit Margin 31.03% 33.28% 31.6%
Selling, General & Admin $101.6M $108.8M $111.4M
YoY Change 12.51% -2.33% 12.98%
% of Gross Profit 48.27% 48.04% 54.66%
Research & Development $23.70M $24.20M $23.00M
YoY Change -6.32% 5.22% 23.66%
% of Gross Profit 11.26% 10.68% 11.29%
Depreciation & Amortization $26.90M $20.70M $19.70M
YoY Change -2.89% 5.08% 8.84%
% of Gross Profit 12.78% 9.14% 9.67%
Operating Expenses $125.3M $133.0M $134.4M
YoY Change 8.39% -1.04% 14.68%
Operating Profit $85.20M $137.8M $133.1M
YoY Change -9.84% 3.53% -1.26%
Interest Expense -$2.300M -$700.0K -$200.0K
YoY Change -76.53% 250.0% -33.33%
% of Operating Profit -2.7% -0.51% -0.15%
Other Income/Expense, Net -$700.0K -$5.500M
YoY Change -87.27% 1733.33%
Pretax Income $66.30M $137.1M $127.6M
YoY Change -3.07% 7.45% -5.13%
Income Tax $18.20M $25.90M $40.60M
% Of Pretax Income 27.45% 18.89% 31.82%
Net Earnings $51.90M $110.9M $86.90M
YoY Change -177.23% 27.62% -3.55%
Net Earnings / Revenue 7.65% 16.29% 13.47%
Basic Earnings Per Share $1.27 $0.99
Diluted Earnings Per Share $585.1K $1.25 $0.98
COMMON SHARES
Basic Shares Outstanding 87.60M shares 87.60M shares 88.00M shares
Diluted Shares Outstanding 88.70M shares 88.70M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $561.0M $526.0M $396.0M
YoY Change 43.85% 32.83% -19.35%
Cash & Equivalents $561.2M $525.8M $395.6M
Short-Term Investments
Other Short-Term Assets $163.4M $151.8M $130.1M
YoY Change 10.85% 16.68% -6.87%
Inventory $380.5M $391.4M $327.9M
Prepaid Expenses $44.50M
Receivables $535.0M $561.0M $586.0M
Other Receivables $27.00M $23.00M $26.00M
Total Short-Term Assets $1.645B $1.632B $1.465B
YoY Change 11.25% 11.38% -3.34%
LONG-TERM ASSETS
Property, Plant & Equipment $518.8M $500.6M $503.5M
YoY Change -0.56% -0.58% 11.81%
Goodwill $875.9M $879.5M $882.6M
YoY Change -1.23% -0.35% 12.46%
Intangibles $136.1M $141.0M $159.8M
YoY Change -12.87% -11.76% -3.97%
Long-Term Investments $7.700M $8.000M $6.600M
YoY Change 14.93% 21.21%
Other Assets $196.8M $205.8M $193.7M
YoY Change -3.01% 6.25% 3.97%
Total Long-Term Assets $2.202B $2.213B $2.335B
YoY Change -0.89% -5.23% 6.05%
TOTAL ASSETS
Total Short-Term Assets $1.645B $1.632B $1.465B
Total Long-Term Assets $2.202B $2.213B $2.335B
Total Assets $3.847B $3.845B $3.800B
YoY Change 3.96% 1.17% 2.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $339.2M $334.5M $334.7M
YoY Change -3.47% -0.06% 9.95%
Accrued Expenses $416.7M $416.9M $399.6M
YoY Change 8.4% 4.33% 4.44%
Deferred Revenue $61.00M
YoY Change
Short-Term Debt $116.2M $145.0M $59.10M
YoY Change -28.97% 145.35% -40.9%
Long-Term Debt Due $1.800M $1.400M $1.100M
YoY Change 100.0% 27.27% 22.22%
Total Short-Term Liabilities $872.1M $897.7M $925.4M
YoY Change -3.04% -2.99% -1.44%
LONG-TERM LIABILITIES
Long-Term Debt $8.800M $10.00M $6.000M
YoY Change 7.32% 66.67%
Other Long-Term Liabilities $166.5M $165.5M $172.1M
YoY Change -5.18% -3.83% -9.52%
Total Long-Term Liabilities $1.150B $1.159B $1.222B
YoY Change -4.42% -5.1% -7.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $872.1M $897.7M $925.4M
Total Long-Term Liabilities $1.150B $1.159B $1.222B
Total Liabilities $2.022B $2.057B $2.147B
YoY Change -3.83% -4.19% -5.0%
SHAREHOLDERS EQUITY
Retained Earnings $2.110B $2.066B $1.925B
YoY Change 13.7% 7.34% 8.66%
Common Stock $87.60M $87.60M $88.00M
YoY Change -0.68% -0.45% -0.34%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.822B $1.786B $1.652B
YoY Change
Total Liabilities & Shareholders Equity $3.847B $3.845B $3.800B
YoY Change 3.96% 1.17% 2.22%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $51.90M $110.9M $86.90M
YoY Change -177.23% 27.62% -3.55%
Depreciation, Depletion And Amortization $26.90M $20.70M $19.70M
YoY Change -2.89% 5.08% 8.84%
Cash From Operating Activities $122.9M $126.8M $85.40M
YoY Change 81.27% 48.48% 15.72%
INVESTING ACTIVITIES
Capital Expenditures -$31.70M -$17.50M -$25.90M
YoY Change -7.04% -32.43% 17.73%
Acquisitions
YoY Change
Other Investing Activities $500.0K $41.80M $1.100M
YoY Change 150.0% 3700.0% -129.73%
Cash From Investing Activities -$31.20M $24.30M -$24.80M
YoY Change -7.96% -197.98% -3.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -52.60M -72.10M -27.40M
YoY Change 41.4% 163.14% 158.49%
NET CHANGE
Cash From Operating Activities 122.9M 126.8M 85.40M
Cash From Investing Activities -31.20M 24.30M -24.80M
Cash From Financing Activities -52.60M -72.10M -27.40M
Net Change In Cash 39.10M 79.00M 33.20M
YoY Change -1284.85% 137.95% -11.47%
FREE CASH FLOW
Cash From Operating Activities $122.9M $126.8M $85.40M
Capital Expenditures -$31.70M -$17.50M -$25.90M
Free Cash Flow $154.6M $144.3M $111.3M
YoY Change 51.72% 29.65% 16.18%

Facts In Submission

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CY2017Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.25
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.98
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.18
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.03
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87600000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88000000.0 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87700000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88300000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
88700000 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
88700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
88700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
89000000.0 shares
CY2018Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.134
CY2017Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.128
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.402
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.384
CY2018Q3 us-gaap Profit Loss
ProfitLoss
111100000 USD
CY2017Q3 us-gaap Profit Loss
ProfitLoss
86900000 USD
us-gaap Profit Loss
ProfitLoss
282300000 USD
us-gaap Profit Loss
ProfitLoss
180400000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-5000000.0 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
22700000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-25600000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
84400000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3900000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3600000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-6100000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-5900000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1100000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
26300000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-19500000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
90300000 USD
CY2018Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
110000000.0 USD
CY2017Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
113200000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
262800000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
270700000 USD
CY2018Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
200000 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
156200000 USD
CY2017Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
0 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
500000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-300000 USD
CY2018Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
109800000 USD
CY2017Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
113200000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
262300000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
271000000.0 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-800000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-900000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-2500000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-2300000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-1800000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-2100000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-5700000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-5800000 USD
CY2018Q3 itt Other Comprehensive Income Loss Amortization Adjustmentfrom Aoci Pensionand Other Postretirement Benefit Plansfor Settlementand Curtailment Cost Credit Netof Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentfromAOCIPensionandOtherPostretirementBenefitPlansforSettlementandCurtailmentCostCreditNetofTax
-1100000 USD
CY2017Q3 itt Other Comprehensive Income Loss Amortization Adjustmentfrom Aoci Pensionand Other Postretirement Benefit Plansfor Settlementand Curtailment Cost Credit Netof Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentfromAOCIPensionandOtherPostretirementBenefitPlansforSettlementandCurtailmentCostCreditNetofTax
-2400000 USD
itt Other Comprehensive Income Loss Amortization Adjustmentfrom Aoci Pensionand Other Postretirement Benefit Plansfor Settlementand Curtailment Cost Credit Netof Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentfromAOCIPensionandOtherPostretirementBenefitPlansforSettlementandCurtailmentCostCreditNetofTax
-1100000 USD
itt Other Comprehensive Income Loss Amortization Adjustmentfrom Aoci Pensionand Other Postretirement Benefit Plansfor Settlementand Curtailment Cost Credit Netof Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentfromAOCIPensionandOtherPostretirementBenefitPlansforSettlementandCurtailmentCostCreditNetofTax
-2400000 USD
CY2018Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
1800000 USD
CY2017Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
0 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
1800000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
0 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3900000 USD
CY2017Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3600000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-6100000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-5900000 USD
CY2018Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
525800000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
389800000 USD
CY2018Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
562900000 USD
CY2017Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
629600000 USD
CY2018Q3 us-gaap Inventory Net
InventoryNet
391400000 USD
CY2017Q4 us-gaap Inventory Net
InventoryNet
311900000 USD
CY2018Q3 us-gaap Other Assets Current
OtherAssetsCurrent
151800000 USD
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
147400000 USD
CY2018Q3 us-gaap Assets Current
AssetsCurrent
1631900000 USD
CY2017Q4 us-gaap Assets Current
AssetsCurrent
1478700000 USD
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
500600000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
521700000 USD
CY2018Q3 us-gaap Goodwill
Goodwill
879500000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
886800000 USD
CY2018Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
141000000.0 USD
CY2018Q3 itt Asbestos Related Assets
AsbestosRelatedAssets
322300000 USD
CY2017Q4 itt Asbestos Related Assets
AsbestosRelatedAssets
304000000.0 USD
CY2018Q3 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
163600000 USD
CY2017Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
149900000 USD
CY2018Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
205800000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
202900000 USD
CY2018Q3 us-gaap Assets Noncurrent
AssetsNoncurrent
2212800000 USD
CY2017Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
2221500000 USD
CY2018Q3 us-gaap Assets
Assets
3844700000 USD
CY2017Q4 us-gaap Assets
Assets
3700200000 USD
CY2018Q3 us-gaap Debt Current
DebtCurrent
146300000 USD
CY2017Q4 us-gaap Debt Current
DebtCurrent
163600000 USD
CY2018Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
334500000 USD
CY2017Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
351400000 USD
CY2018Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
416900000 USD
CY2017Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
384400000 USD
CY2018Q3 us-gaap Liabilities Current
LiabilitiesCurrent
897700000 USD
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
899400000 USD
CY2018Q3 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
771800000 USD
CY2017Q4 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
800100000 USD
CY2018Q3 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
221900000 USD
CY2017Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
227300000 USD
CY2018Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
165500000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
175600000 USD
CY2018Q3 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
1159200000 USD
CY2017Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
1203000000.0 USD
CY2018Q3 us-gaap Liabilities
Liabilities
2056900000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
2102400000 USD
CY2018Q3 us-gaap Common Stock Value
CommonStockValue
87600000 USD
CY2017Q4 us-gaap Common Stock Value
CommonStockValue
88200000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2065700000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1856100000 USD
CY2018Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-367700000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-348200000 USD
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
1785600000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
1596100000 USD
CY2018Q3 us-gaap Minority Interest
MinorityInterest
2200000 USD
CY2017Q4 us-gaap Minority Interest
MinorityInterest
1700000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1787800000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1597800000 USD
CY2018Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3844700000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
281800000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3700200000 USD
us-gaap Profit Loss
ProfitLoss
282300000 USD
us-gaap Profit Loss
ProfitLoss
180400000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
-300000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
500000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-300000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
181000000.0 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
82500000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
77600000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
16900000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
12500000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
40500000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
900000 USD
itt Asbestos Related Costs Net
AsbestosRelatedCostsNet
-10500000 USD
itt Asbestos Related Costs Net
AsbestosRelatedCostsNet
-33000000.0 USD
itt Asbestos Related Payments
AsbestosRelatedPayments
42300000 USD
itt Asbestos Related Payments
AsbestosRelatedPayments
39500000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
23500000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
47200000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
22200000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
4200000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-10300000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3400000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-7300000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
18300000 USD
itt Increase Decreasein Accruedand Deferred Income Taxes
IncreaseDecreaseinAccruedandDeferredIncomeTaxes
6000000.0 USD
itt Increase Decreasein Accruedand Deferred Income Taxes
IncreaseDecreaseinAccruedandDeferredIncomeTaxes
19800000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-16000000.0 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
9500000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
246600000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
178300000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
63800000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
79200000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
42700000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3400000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
113700000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-200000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-21100000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-189300000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
123900000 USD
us-gaap Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
-16000000.0 USD
us-gaap Proceeds From Repayments Of Commercial Paper
ProceedsFromRepaymentsOfCommercialPaper
17500000 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
246500000 USD
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
77300000 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
233800000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3200000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3900000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2100000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1100000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
55800000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
32900000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
5800000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
6700000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
23900000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
22800000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-100000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-76200000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-75300000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-11400000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
22400000 USD
us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-1900000 USD
us-gaap Net Cash Provided By Used In Discontinued Operations
NetCashProvidedByUsedInDiscontinuedOperations
-1200000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
136000000.0 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-65100000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
391000000.0 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
461900000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
527000000.0 USD
CY2017Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
396800000 USD
us-gaap Interest Paid Net
InterestPaidNet
1000000.0 USD
us-gaap Interest Paid Net
InterestPaidNet
2800000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
31000000.0 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
39600000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1682300000 USD
CY2017Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1546000000.0 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1597800000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1428400000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1787800000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1653200000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1787800000 USD
CY2017Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1653200000 USD
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;">2017</span><span style="font-family:Arial;font-size:10pt;"> (the </span><span style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">2017</span><span style="font-family:Arial;font-size:10pt;"> Annual Report) in preparing these unaudited financial statements, other than those described below. 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;">2017</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 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><span style="font-family:Arial;font-size:10pt;">Certain prior year amounts have been reclassified or restated to conform to the current year presentation. For further information, refer to </span><span style="font-family:Arial;font-size:10pt;">Note 2</span><span style="font-family:Arial;font-size:10pt;">, </span><a href="#s8C931B2DACF553439B0A944E053998BD" style="font-family:Arial;font-size:10pt;"><span style="font-family:Arial;font-size:10pt;">Recent Accounting Pronouncements</span></a>.
CY2018Q3 us-gaap Revenues
Revenues
680600000 USD
us-gaap Revenues
Revenues
2066700000 USD
CY2018Q3 us-gaap Cost Of Revenue
CostOfRevenue
454100000 USD
us-gaap Cost Of Revenue
CostOfRevenue
1390000000.0 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25900000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
42400000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
111100000 USD
us-gaap Profit Loss
ProfitLoss
282300000 USD
CY2018Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
562900000 USD
CY2018Q3 us-gaap Inventory Net
InventoryNet
391400000 USD
CY2018Q3 us-gaap Other Assets Current
OtherAssetsCurrent
151800000 USD
CY2018Q3 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
163600000 USD
CY2018Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
416900000 USD
CY2018Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
165500000 USD
CY2018Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2065700000 USD
CY2017Q3 us-gaap Cost Of Revenue
CostOfRevenue
441200000 USD
CY2017Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
70100000 USD
CY2017Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
23000000.0 USD
CY2017Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-5500000 USD
us-gaap Cost Of Revenue
CostOfRevenue
1289800000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
200400000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
133100000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
128200000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
68000000.0 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
249200000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-8200000 USD
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
Accounting Pronouncements Not Yet AdoptedIn 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 financing 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 the liabilities must be 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 under the modified retrospective approach. We are currently assessing our existing lease agreements and related financial disclosures to evaluate the impact of these amendments on our financial statements.
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 Segment
CY2018Q3 us-gaap Revenues
Revenues
680600000 USD
CY2017Q3 us-gaap Revenues
Revenues
645000000.0 USD
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
137800000 USD
CY2017Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
133100000 USD
CY2018Q3 itt Operating Margin
OperatingMargin
0.202
CY2017Q3 itt Operating Margin
OperatingMargin
0.206
us-gaap Revenues
Revenues
2066700000 USD
us-gaap Revenues
Revenues
1901700000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
328700000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
249200000 USD
itt Operating Margin
OperatingMargin
0.159
itt Operating Margin
OperatingMargin
0.131
CY2018Q3 us-gaap Assets
Assets
3844700000 USD
CY2017Q4 us-gaap Assets
Assets
3700200000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
63800000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
79200000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
82500000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
77600000 USD
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
680600000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2066700000 USD
CY2018Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
21300000 USD
CY2018Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
43200000 USD
itt Current Contract Assets Percentage Changefrom Prior Period
CurrentContractAssetsPercentageChangefromPriorPeriod
-0.507
CY2018Q3 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
700000 USD
CY2018Q1 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
0 USD
itt Noncurrent Contract Assets Percentage Changefrom Prior Period
NoncurrentContractAssetsPercentageChangefromPriorPeriod
1.000
CY2018Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
63000000.0 USD
CY2018Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
61700000 USD
itt Current Contract Liabilities Percentage Changefrom Prior Period
CurrentContractLiabilitiesPercentageChangefromPriorPeriod
0.021
CY2018Q3 itt Net Contract Liabilities
NetContractLiabilities
41000000.0 USD
CY2018Q1 itt Net Contract Liabilities
NetContractLiabilities
18500000 USD
itt Net Contract Liability Percentage Changefrom Prior Period
NetContractLiabilityPercentageChangefromPriorPeriod
1.216
itt Net Contract Liability Changefrom Prior Year
NetContractLiabilityChangefromPriorYear
-22500000 USD
itt Net Contract Liability Percentage Changefrom Prior Period
NetContractLiabilityPercentageChangefromPriorPeriod
1.216
CY2018Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
12400000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
58500000 USD
CY2018Q3 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
7000000.0 USD
CY2018Q3 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
200000 USD
us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
600000 USD
CY2018Q3 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
900000 USD
CY2017Q3 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
4700000 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
3000000.0 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
9000000.0 USD
CY2017Q4 us-gaap Restructuring Reserve
RestructuringReserve
8900000 USD
CY2016Q4 us-gaap Restructuring Reserve
RestructuringReserve
14600000 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
3000000.0 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
9000000.0 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
5900000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
13800000 USD
itt Asset Write Offs
AssetWriteOffs
0 USD
itt Asset Write Offs
AssetWriteOffs
100000 USD
us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
800000 USD
us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
1400000 USD
CY2018Q3 us-gaap Restructuring Reserve
RestructuringReserve
6800000 USD
CY2017Q3 us-gaap Restructuring Reserve
RestructuringReserve
11100000 USD
CY2018Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
25900000 USD
CY2017Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
40600000 USD
CY2018Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.189
CY2017Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.318
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
42400000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
60300000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.131
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.250
itt Changeto Provisional One Time Us Tax Expenseon Post1986 Foreign Earnings
ChangetoProvisionalOneTimeUSTaxExpenseonPost1986ForeignEarnings
3100000 USD
itt One Time Provisional Us Tax Expenseon Post1986 Foreign Earnings
OneTimeProvisionalUSTaxExpenseonPost1986ForeignEarnings
54900000 USD
CY2017 itt One Time Provisional Us Tax Expenseon Post1986 Foreign Earnings
OneTimeProvisionalUSTaxExpenseonPost1986ForeignEarnings
58000000.0 USD
itt Write Offof Deferred Tax Assets Relatingto Officer Compensation
WriteOffofDeferredTaxAssetsRelatingtoOfficerCompensation
1700000 USD
CY2018Q3 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
10000000 USD
itt Existing Post1986 Foreign Earnings Subjectto One Time Us Tax
ExistingPost1986ForeignEarningsSubjecttoOneTimeUSTax
975000000 USD
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87600000 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88000000.0 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87700000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
88300000 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1100000 shares
CY2017Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
700000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000.0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
700000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
88700000 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
88700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
88700000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
89000000.0 shares
CY2017Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
300000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
400000 shares
CY2017Q3 itt Average Exercise Price Of Anti Dilutive Stock Options
AverageExercisePriceOfAntiDilutiveStockOptions
42.40
itt Average Exercise Price Of Anti Dilutive Stock Options
AverageExercisePriceOfAntiDilutiveStockOptions
42.41
itt Numberof Roic Awards Excludedfrom Diluted Shares Outstanding
NumberofROICAwardsExcludedfromDilutedSharesOutstanding
200000 shares
CY2018Q3 us-gaap Inventory For Long Term Contracts Or Programs
InventoryForLongTermContractsOrPrograms
40200000 USD
CY2018Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
557900000 USD
CY2017Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
601400000 USD
CY2018Q3 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
5700000 USD
CY2017Q4 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
3900000 USD
CY2018Q3 us-gaap Other Receivables
OtherReceivables
17500000 USD
CY2017Q4 us-gaap Other Receivables
OtherReceivables
40400000 USD
CY2018Q3 itt Receivables Gross Current
ReceivablesGrossCurrent
581100000 USD
CY2017Q4 itt Receivables Gross Current
ReceivablesGrossCurrent
645700000 USD
CY2018Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
18200000 USD
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
16100000 USD
CY2018Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
562900000 USD
CY2017Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
629600000 USD
CY2018Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
63900000 USD
CY2017Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
55900000 USD
CY2018Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
72400000 USD
CY2017Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
54800000 USD
CY2018Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
214900000 USD
CY2017Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
184400000 USD
CY2017Q4 us-gaap Inventory For Long Term Contracts Or Programs
InventoryForLongTermContractsOrPrograms
38100000 USD
CY2018Q3 itt Totalinventorybeforeprogresspayments
Totalinventorybeforeprogresspayments
391400000 USD
CY2017Q4 itt Totalinventorybeforeprogresspayments
Totalinventorybeforeprogresspayments
333200000 USD
CY2018Q3 us-gaap Progress Payments Netted Against Inventory For Long Term Contracts Or Programs
ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms
0 USD
CY2017Q4 us-gaap Progress Payments Netted Against Inventory For Long Term Contracts Or Programs
ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms
21300000 USD
CY2018Q3 us-gaap Inventory Net
InventoryNet
391400000 USD
CY2017Q4 us-gaap Inventory Net
InventoryNet
311900000 USD
CY2018Q3 itt Asbestos Related Current Assets
AsbestosRelatedCurrentAssets
67100000 USD
CY2017Q4 itt Asbestos Related Current Assets
AsbestosRelatedCurrentAssets
64700000 USD
CY2018Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
43400000 USD
CY2017Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
50900000 USD
CY2018Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
21300000 USD
CY2017Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
0 USD
CY2018Q3 us-gaap Prepaid Taxes
PrepaidTaxes
18800000 USD
CY2017Q4 us-gaap Prepaid Taxes
PrepaidTaxes
30300000 USD
CY2018Q3 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
1200000 USD
CY2017Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
1500000 USD
CY2018Q3 us-gaap Other Assets Current
OtherAssetsCurrent
151800000 USD
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
147400000 USD
CY2018Q3 itt Other Employee Benefit Related Assets
OtherEmployeeBenefitRelatedAssets
118800000 USD
CY2017Q4 itt Other Employee Benefit Related Assets
OtherEmployeeBenefitRelatedAssets
111300000 USD
CY2018Q3 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
35200000 USD
CY2017Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
41900000 USD
CY2018Q3 itt Estimated Environmental Related Assets
EstimatedEnvironmentalRelatedAssets
23300000 USD
CY2017Q4 itt Estimated Environmental Related Assets
EstimatedEnvironmentalRelatedAssets
24500000 USD
CY2018Q3 us-gaap Equity Method Investments
EquityMethodInvestments
8000000.0 USD
CY2017Q4 us-gaap Equity Method Investments
EquityMethodInvestments
6700000 USD
CY2018Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
20500000 USD
CY2017Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
18500000 USD
CY2018Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
205800000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
202900000 USD
CY2018Q3 us-gaap Land
Land
27800000 USD
CY2017Q4 us-gaap Land
Land
28700000 USD
CY2018Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
1049700000 USD
CY2017Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
1039900000 USD
CY2018Q3 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
266000000.0 USD
CY2017Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
262500000 USD
CY2018Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
73000000.0 USD
CY2017Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
74500000 USD
CY2018Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
48200000 USD
CY2017Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
58400000 USD
CY2018Q3 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
10500000 USD
CY2017Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
10900000 USD
CY2018Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1475200000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1474900000 USD
CY2018Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
974600000 USD
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
953200000 USD
CY2018Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
500600000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
521700000 USD
CY2018Q3 us-gaap Depreciation
Depreciation
20700000 USD
CY2017Q3 us-gaap Depreciation
Depreciation
19700000 USD
us-gaap Depreciation
Depreciation
62400000 USD
us-gaap Depreciation
Depreciation
57200000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
886800000 USD
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
3300000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
10600000 USD
CY2018Q3 us-gaap Goodwill
Goodwill
879500000 USD
CY2018Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
230900000 USD
CY2018Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
117200000 USD
CY2018Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
113700000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
234100000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
105400000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
128700000 USD
CY2018Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
27300000 USD
CY2018Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
27300000 USD
CY2017Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
27500000 USD
CY2017Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
27500000 USD
CY2018Q3 itt Finite And Infinite Lived Intangible Assets Gross
FiniteAndInfiniteLivedIntangibleAssetsGross
258200000 USD
CY2018Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
117200000 USD
CY2018Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
141000000.0 USD
CY2017Q4 itt Finite And Infinite Lived Intangible Assets Gross
FiniteAndInfiniteLivedIntangibleAssetsGross
261600000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
105400000 USD
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
156200000 USD
CY2018Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4400000 USD
CY2017Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
5200000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13300000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14400000 USD
CY2018Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
146700000 USD
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
147200000 USD
CY2018Q3 itt Contract Liabilitiesand Other Customer Related Liabilities
ContractLiabilitiesandOtherCustomerRelatedLiabilities
84400000 USD
CY2017Q4 itt Contract Liabilitiesand Other Customer Related Liabilities
ContractLiabilitiesandOtherCustomerRelatedLiabilities
45500000 USD
CY2018Q3 itt Asbestos Related Liability Current
AsbestosRelatedLiabilityCurrent
73300000 USD
CY2017Q4 itt Asbestos Related Liability Current
AsbestosRelatedLiabilityCurrent
77100000 USD
CY2018Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
39500000 USD
CY2017Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
36100000 USD
CY2018Q3 itt Accrued Environmental And Litigation Liabilities Current
AccruedEnvironmentalAndLitigationLiabilitiesCurrent
22400000 USD
CY2017Q4 itt Accrued Environmental And Litigation Liabilities Current
AccruedEnvironmentalAndLitigationLiabilitiesCurrent
22800000 USD
CY2018Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
16400000 USD
CY2017Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
17000000.0 USD
CY2018Q3 us-gaap Other Accrued Liabilities Current
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34200000 USD
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38700000 USD
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AccruedLiabilitiesCurrent
384400000 USD
CY2018Q3 us-gaap Accrued Environmental Loss Contingencies Noncurrent
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54500000 USD
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AccruedEnvironmentalLossContingenciesNoncurrent
63600000 USD
CY2018Q3 itt Compensation And Other Employee Related Liabilities Noncurrent
CompensationAndOtherEmployeeRelatedLiabilitiesNoncurrent
35600000 USD
CY2017Q4 itt Compensation And Other Employee Related Liabilities Noncurrent
CompensationAndOtherEmployeeRelatedLiabilitiesNoncurrent
36400000 USD
CY2018Q3 us-gaap Deferred Income Taxes And Other Tax Liabilities Noncurrent
DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent
26100000 USD
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DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent
19300000 USD
CY2018Q3 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
49300000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Noncurrent
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56300000 USD
CY2018Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
165500000 USD
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OtherLiabilitiesNoncurrent
175600000 USD
CY2018Q3 us-gaap Commercial Paper
CommercialPaper
144900000 USD
CY2017Q4 us-gaap Commercial Paper
CommercialPaper
162400000 USD
CY2018Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
1400000 USD
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LongTermDebtCurrent
1200000 USD
CY2018Q3 us-gaap Debt Current
DebtCurrent
146300000 USD
CY2017Q4 us-gaap Debt Current
DebtCurrent
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LongTermDebtAndCapitalLeaseObligations
9900000 USD
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LongTermDebtAndCapitalLeaseObligations
8300000 USD
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DebtAndCapitalLeaseObligations
156200000 USD
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DebtAndCapitalLeaseObligations
171900000 USD
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DefinedBenefitPlanServiceCost
600000 USD
CY2017Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1000000.0 USD
CY2018Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
4000000.0 USD
CY2017Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
4100000 USD
CY2018Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
4400000 USD
CY2017Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
4000000.0 USD
CY2018Q3 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-1100000 USD
CY2017Q3 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-1200000 USD
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DefinedBenefitPlanAmortizationOfGainsLosses
-2400000 USD
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DefinedBenefitPlanAmortizationOfGainsLosses
-3200000 USD
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NetPeriodicBenefitCost
1500000 USD
CY2017Q3 itt Net Periodic Benefit Cost
NetPeriodicBenefitCost
3100000 USD
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DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
-1400000 USD
CY2017Q3 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
-3700000 USD
CY2018Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
2900000 USD
CY2017Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
6800000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1800000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2600000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
11800000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
12400000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
11400000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
11700000 USD
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-3300000 USD
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-3600000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-7600000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-8800000 USD
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NetPeriodicBenefitCost
6500000 USD
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NetPeriodicBenefitCost
8500000 USD
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DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
-1400000 USD
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DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
-3700000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
7900000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
12200000 USD
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DefinedBenefitPlanAdministrationExpenses
700000 USD
us-gaap Defined Benefit Plan Administration Expenses
DefinedBenefitPlanAdministrationExpenses
2300000 USD
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
-1400000 USD
us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Curtailments
DefinedBenefitPlanRecognizedNetGainLossDueToCurtailments
-3700000 USD
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
9700000 USD
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DefinedBenefitPlanContributionsByEmployer
14300000 USD
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DefinedBenefitPlanEmployerDiscretionaryContributionAmount
5000000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
2100000 USD
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OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
3600000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
4300000 USD
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OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
5900000 USD
CY2018Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6700000 USD
CY2017Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5200000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16900000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12500000 USD
CY2018Q3 itt Asbestos Related Costs Benefit Provisionto Maintain10 Year Forecast Period
AsbestosRelatedCostsBenefitProvisiontoMaintain10YearForecastPeriod
13400000 USD
CY2018Q3 itt Sharebasedcompensationcostsliabilitybasedawards
Sharebasedcompensationcostsliabilitybasedawards
900000 USD
CY2017Q3 itt Sharebasedcompensationcostsliabilitybasedawards
Sharebasedcompensationcostsliabilitybasedawards
800000 USD
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Sharebasedcompensationcostsliabilitybasedawards
1700000 USD
itt Sharebasedcompensationcostsliabilitybasedawards
Sharebasedcompensationcostsliabilitybasedawards
1700000 USD
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SharebasedcompensationcostsTotal
7600000 USD
CY2017Q3 itt Sharebasedcompensationcosts Total
SharebasedcompensationcostsTotal
6000000.0 USD
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SharebasedcompensationcostsTotal
18600000 USD
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SharebasedcompensationcostsTotal
14200000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
200000 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
300000 shares
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
5800000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
6700000 USD
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NumberOfSharesRepurchasedUnderSettlementOfEmployeeTaxWithholdingObligations
100000 shares
itt Shares Repurchased Aggregate Value Under Settlement Of Employee Tax Withholding Obligations
SharesRepurchasedAggregateValueUnderSettlementOfEmployeeTaxWithholdingObligations
5800000 USD
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SharesRepurchasedAggregateValueUnderSettlementOfEmployeeTaxWithholdingObligations
2900000 USD
CY2017Q3 itt Asbestos Related Costs Benefit Provisionto Maintain10 Year Forecast Period
AsbestosRelatedCostsBenefitProvisiontoMaintain10YearForecastPeriod
13600000 USD
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AsbestosRelatedCostsBenefitProvisiontoMaintain10YearForecastPeriod
39300000 USD
itt Asbestos Related Costs Benefit Provisionto Maintain10 Year Forecast Period
AsbestosRelatedCostsBenefitProvisiontoMaintain10YearForecastPeriod
43400000 USD
CY2018Q3 itt Asbestos Related Costs Benefit Annual Remeasurement
AsbestosRelatedCostsBenefitAnnualRemeasurement
7200000 USD
CY2017Q3 itt Asbestos Related Costs Benefit Annual Remeasurement
AsbestosRelatedCostsBenefitAnnualRemeasurement
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AsbestosRelatedCostsBenefitAnnualRemeasurement
7200000 USD
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AsbestosRelatedCostsBenefitAnnualRemeasurement
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CY2018Q3 itt Asbestos Related Costs Benefit Settlement Agreement
AsbestosRelatedCostsBenefitSettlementAgreement
-24900000 USD
CY2017Q3 itt Asbestos Related Costs Benefit Settlement Agreement
AsbestosRelatedCostsBenefitSettlementAgreement
0 USD
itt Asbestos Related Costs Benefit Settlement Agreement
AsbestosRelatedCostsBenefitSettlementAgreement
-57000000.0 USD
itt Asbestos Related Costs Benefit Settlement Agreement
AsbestosRelatedCostsBenefitSettlementAgreement
0 USD
CY2018Q3 itt Asbestos Related Costs Net
AsbestosRelatedCostsNet
-4300000 USD
CY2017Q3 itt Asbestos Related Costs Net
AsbestosRelatedCostsNet
-62800000 USD
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AsbestosRelatedCostsNet
-10500000 USD
itt Asbestos Related Costs Net
AsbestosRelatedCostsNet
-33000000.0 USD
CY2018Q3 itt Asbestos Liability And Related Assets Net Current And Noncurrent
AsbestosLiabilityAndRelatedAssetsNetCurrentAndNoncurrent
455700000 USD
CY2017Q4 itt Asbestos Liability And Related Assets Net Current And Noncurrent
AsbestosLiabilityAndRelatedAssetsNetCurrentAndNoncurrent
508500000 USD
CY2017Q4 itt Asbestos Liability And Related Assets Net Current And Noncurrent
AsbestosLiabilityAndRelatedAssetsNetCurrentAndNoncurrent
508500000 USD
CY2016Q4 itt Asbestos Liability And Related Assets Net Current And Noncurrent
AsbestosLiabilityAndRelatedAssetsNetCurrentAndNoncurrent
573700000 USD
itt Asbestos Related Costs Benefit Provisionto Maintain10 Year Forecast Period
AsbestosRelatedCostsBenefitProvisiontoMaintain10YearForecastPeriod
39300000 USD
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AsbestosRelatedCostsBenefitProvisiontoMaintain10YearForecastPeriod
43400000 USD
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AsbestosRelatedCostsBenefitAnnualRemeasurement
7200000 USD
itt Asbestos Related Costs Benefit Annual Remeasurement
AsbestosRelatedCostsBenefitAnnualRemeasurement
-76400000 USD
itt Asbestos Related Costs Benefit Settlement Agreement
AsbestosRelatedCostsBenefitSettlementAgreement
-57000000.0 USD
itt Asbestos Related Costs Benefit Settlement Agreement
AsbestosRelatedCostsBenefitSettlementAgreement
0 USD
itt Increase Decrease Net Cash Activity
IncreaseDecreaseNetCashActivity
-42300000 USD
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IncreaseDecreaseNetCashActivity
-39500000 USD
CY2018Q3 itt Asbestos Liability And Related Assets Net Current And Noncurrent
AsbestosLiabilityAndRelatedAssetsNetCurrentAndNoncurrent
455700000 USD
CY2017Q3 itt Asbestos Liability And Related Assets Net Current And Noncurrent
AsbestosLiabilityAndRelatedAssetsNetCurrentAndNoncurrent
501200000 USD
CY2018Q3 itt Asbestos Related Liability Current
AsbestosRelatedLiabilityCurrent
73300000 USD
CY2018Q3 itt Asbestos Related Current Assets
AsbestosRelatedCurrentAssets
67100000 USD
CY2017Q3 itt Asbestos Related Liability Current
AsbestosRelatedLiabilityCurrent
77400000 USD
CY2017Q3 itt Asbestos Related Current Assets
AsbestosRelatedCurrentAssets
64700000 USD
CY2018Q3 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
771800000 USD
CY2018Q3 itt Asbestos Related Assets
AsbestosRelatedAssets
322300000 USD
CY2017Q3 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
798100000 USD
CY2017Q3 itt Asbestos Related Assets
AsbestosRelatedAssets
309600000 USD

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