2018 Q4 Form 10-K Financial Statement

#000021622819000006 Filed on February 22, 2019

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q1 2017 Q4
Revenue $678.4M $689.3M $683.6M
YoY Change -0.76% 10.15% 16.18%
Cost Of Revenue $467.9M $465.1M $473.5M
YoY Change -1.18% 10.03% 14.84%
Gross Profit $210.5M $224.2M $210.1M
YoY Change 0.19% 10.39% 19.31%
Gross Profit Margin 31.03% 32.53% 30.73%
Selling, General & Admin $101.6M $108.6M $90.30M
YoY Change 12.51% -0.18% -6.81%
% of Gross Profit 48.27% 48.44% 42.98%
Research & Development $23.70M $24.70M $25.30M
YoY Change -6.32% 10.27% 17.13%
% of Gross Profit 11.26% 11.02% 12.04%
Depreciation & Amortization $26.90M $27.60M $27.70M
YoY Change -2.89% 11.29% 8.63%
% of Gross Profit 12.78% 12.31% 13.18%
Operating Expenses $125.3M $133.3M $115.6M
YoY Change 8.39% 1.6% -2.45%
Operating Profit $85.20M $110.6M $94.50M
YoY Change -9.84% 94.04% 64.06%
Interest Expense -$2.300M -$1.800M -$9.800M
YoY Change -76.53% 125.0% -41.32%
% of Operating Profit -2.7% -1.63% -10.37%
Other Income/Expense, Net -$1.800M
YoY Change -18.18%
Pretax Income $66.30M $108.8M $68.40M
YoY Change -3.07% 98.54% 178.05%
Income Tax $18.20M $7.600M $5.100M
% Of Pretax Income 27.45% 6.99% 7.46%
Net Earnings $51.90M $101.2M -$67.20M
YoY Change -177.23% 120.0% -360.47%
Net Earnings / Revenue 7.65% 14.68% -9.83%
Basic Earnings Per Share $1.15
Diluted Earnings Per Share $585.1K $1.14 -$761.0K
COMMON SHARES
Basic Shares Outstanding 87.60M shares 88.00M shares 88.00M shares
Diluted Shares Outstanding 89.00M shares

Balance Sheet

Concept 2018 Q4 2018 Q1 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $561.0M $439.0M $390.0M
YoY Change 43.85% 10.3% -15.4%
Cash & Equivalents $561.2M $438.7M $389.8M
Short-Term Investments
Other Short-Term Assets $163.4M $173.0M $147.4M
YoY Change 10.85% 21.83% 20.82%
Inventory $380.5M $404.9M $311.9M
Prepaid Expenses $44.50M $50.90M
Receivables $535.0M $581.0M $585.0M
Other Receivables $27.00M $26.00M $45.00M
Total Short-Term Assets $1.645B $1.598B $1.479B
YoY Change 11.25% 15.89% 5.49%
LONG-TERM ASSETS
Property, Plant & Equipment $518.8M $526.6M $521.7M
YoY Change -0.56% 9.37% 12.31%
Goodwill $875.9M $895.7M $886.8M
YoY Change -1.23% 3.47% 14.47%
Intangibles $136.1M $151.8M $156.2M
YoY Change -12.87% -3.13% -2.56%
Long-Term Investments $7.700M $7.400M $6.700M
YoY Change 14.93% 19.64%
Other Assets $196.8M $202.8M $202.9M
YoY Change -3.01% 8.97% 7.7%
Total Long-Term Assets $2.202B $2.274B $2.222B
YoY Change -0.89% -0.79% 0.98%
TOTAL ASSETS
Total Short-Term Assets $1.645B $1.598B $1.479B
Total Long-Term Assets $2.202B $2.274B $2.222B
Total Assets $3.847B $3.872B $3.700B
YoY Change 3.96% 5.48% 2.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $339.2M $367.0M $351.4M
YoY Change -3.47% 17.03% 16.47%
Accrued Expenses $416.7M $394.2M $384.4M
YoY Change 8.4% 9.77% 9.77%
Deferred Revenue $61.00M $61.70M
YoY Change
Short-Term Debt $116.2M $246.5M $163.6M
YoY Change -28.97% 146.5% -23.66%
Long-Term Debt Due $1.800M $1.400M $900.0K
YoY Change 100.0% 27.27% 50.0%
Total Short-Term Liabilities $872.1M $1.009B $899.4M
YoY Change -3.04% 13.92% 3.83%
LONG-TERM LIABILITIES
Long-Term Debt $8.800M $8.000M $8.200M
YoY Change 7.32% 355.56%
Other Long-Term Liabilities $166.5M $181.4M $175.6M
YoY Change -5.18% 4.19% -2.98%
Total Long-Term Liabilities $1.150B $1.202B $1.203B
YoY Change -4.42% -7.02% -7.96%
TOTAL LIABILITIES
Total Short-Term Liabilities $872.1M $1.009B $899.4M
Total Long-Term Liabilities $1.150B $1.202B $1.203B
Total Liabilities $2.022B $2.211B $2.102B
YoY Change -3.83% 1.5% -3.26%
SHAREHOLDERS EQUITY
Retained Earnings $2.110B $1.892B $1.856B
YoY Change 13.7% 3.23% 3.74%
Common Stock $87.60M $87.40M $88.20M
YoY Change -0.68% -1.47% -0.23%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.822B $1.659B $1.596B
YoY Change
Total Liabilities & Shareholders Equity $3.847B $3.872B $3.700B
YoY Change 3.96% 5.48% 2.73%

Cashflow Statement

Concept 2018 Q4 2018 Q1 2017 Q4
OPERATING ACTIVITIES
Net Income $51.90M $101.2M -$67.20M
YoY Change -177.23% 120.0% -360.47%
Depreciation, Depletion And Amortization $26.90M $27.60M $27.70M
YoY Change -2.89% 11.29% 8.63%
Cash From Operating Activities $122.9M $41.20M $67.80M
YoY Change 81.27% 56.65% -32.67%
INVESTING ACTIVITIES
Capital Expenditures -$31.70M -$28.70M -$34.10M
YoY Change -7.04% -21.8% -21.25%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $500.0K -$500.0K $200.0K
YoY Change 150.0% 66.67% -98.25%
Cash From Investing Activities -$31.20M -$28.20M -$33.90M
YoY Change -7.96% -81.21% 6.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $54.70M
YoY Change -1619.44%
Debt Paid & Issued, Net $1.500M
YoY Change 400.0%
Cash From Financing Activities -52.60M 27.70M -37.20M
YoY Change 41.4% 648.65% -41.42%
NET CHANGE
Cash From Operating Activities 122.9M 41.20M 67.80M
Cash From Investing Activities -31.20M -28.20M -33.90M
Cash From Financing Activities -52.60M 27.70M -37.20M
Net Change In Cash 39.10M 40.70M -3.300M
YoY Change -1284.85% -133.89% -162.26%
FREE CASH FLOW
Cash From Operating Activities $122.9M $41.20M $67.80M
Capital Expenditures -$31.70M -$28.70M -$34.10M
Free Cash Flow $154.6M $69.90M $101.9M
YoY Change 51.72% 10.95% -29.24%

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CY2017 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
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CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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CY2018 itt Other Comprehensive Income Loss Amortization Adjustmentfrom Aoci Pensionand Other Postretirement Benefit Plansfor Curtailment Cost Credit Netof Tax
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0 USD
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0 USD
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0 USD
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1000000.0 USD
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500000 USD
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CY2016 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2018 itt Asbestos Related Costs Net
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CY2018 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2017 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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CY2017 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2016 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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171200000 USD
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CY2016 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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45000000.0 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
391000000.0 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
461900000 USD
CY2015Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
416900000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
562200000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
391000000.0 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
461900000 USD
CY2018 us-gaap Interest Paid Net
InterestPaidNet
3300000 USD
CY2017 us-gaap Interest Paid Net
InterestPaidNet
3800000 USD
CY2016 us-gaap Interest Paid Net
InterestPaidNet
4500000 USD
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
53500000 USD
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
62000000.0 USD
CY2016 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
56100000 USD
CY2015Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
89500000 shares
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1696700000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1365500000 USD
CY2016 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
28100000 USD
CY2016 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
77800000 USD
CY2016 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
186600000 USD
CY2016 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
44600000 USD
CY2016 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1900000 USD
CY2016 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
400000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-27200000 USD
CY2016 itt Chane In Equity From Noncontrolling Interest Attributable To Other
ChaneInEquityFromNoncontrollingInterestAttributableToOther
100000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1428400000 USD
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
30600000 USD
CY2017 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
32900000 USD
CY2017 us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
1000000.0 USD
CY2017 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
113300000 USD
CY2017 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
45500000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
103000000.0 USD
CY2017 itt Chane In Equity From Noncontrolling Interest Attributable To Other
ChaneInEquityFromNoncontrollingInterestAttributableToOther
-100000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1597800000 USD
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
27500000 USD
CY2018 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
56100000 USD
CY2018 us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
-4100000 USD
CY2018 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
334600000 USD
CY2018 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
47400000 USD
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-27300000 USD
CY2018 itt Chane In Equity From Noncontrolling Interest Attributable To Other
ChaneInEquityFromNoncontrollingInterestAttributableToOther
-100000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1824900000 USD
CY2018 itt Measurement Period For Expected Return On Plan Assets
MeasurementPeriodForExpectedReturnOnPlanAssets
P5Y
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1000000.0 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1200000 USD
CY2018 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Concentrations of Credit Risk<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;">Financial instruments that potentially subject ITT to significant concentrations of credit risk consist principally of cash and cash equivalents, accounts receivable from trade customers, investments and derivatives. We maintain cash and cash equivalents with various financial institutions located in different geographical regions, and our policy is designed to limit exposure to any individual counterparty. As part of our risk management processes, we perform periodic evaluations of the relative credit standing of the financial institutions. We have not sustained any material credit losses during the previous three years from financial instruments held at financial institutions.</span></div><span style="font-family:Arial;font-size:10pt;">Credit risk with respect to accounts receivable is generally diversified due to the large number of entities comprising ITT’s customer base and their dispersion across many different industries and geographic regions. However, our largest customer represents approximately </span><span style="font-family:Arial;font-size:10pt;"><span>12%</span></span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;"><span>11%</span></span><span style="font-family:Arial;font-size:10pt;"> of the </span><span style="font-family:Arial;font-size:10pt;">December 31, 2018</span><span style="font-family:Arial;font-size:10pt;"> and </span><span style="font-family:Arial;font-size:10pt;">2017</span> outstanding trade accounts receivable balance, respectively. ITT performs ongoing credit evaluations of the financial condition of its third-party distributors, resellers and other customers and requires collateral, such as letters of credit and bank guarantees, in certain circumstances.
CY2018Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.139
CY2017Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.121
CY2018Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
11000000.0 USD
CY2017Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
9600000 USD
CY2018 us-gaap Maturities Of Time Deposits Description
MaturitiesOfTimeDepositsDescription
original maturity exceeding three months at the time of purchase, referred to as short-term time deposits, are classified as held-to-maturity and are recorded at amortized cost, which approximates fair value.
CY2018Q4 us-gaap Short Term Investments
ShortTermInvestments
0 USD
CY2018Q4 itt Investments In Corporate Owned Life Insurance
InvestmentsInCorporateOwnedLifeInsurance
104400000 USD
CY2017Q4 itt Investments In Corporate Owned Life Insurance
InvestmentsInCorporateOwnedLifeInsurance
102800000 USD
CY2018 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
2800000 USD
CY2017 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
3800000 USD
CY2016 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
3000000.0 USD
CY2018 itt Corporate Owned Life Insurance Policy Redemption
CorporateOwnedLifeInsurancePolicyRedemption
1200000 USD
CY2018Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
11900000 USD
CY2017Q4 us-gaap Deferred Compensation Liability Current And Noncurrent
DeferredCompensationLiabilityCurrentAndNoncurrent
12500000 USD
CY2018 itt Maximum Measurement Period To Record Fair Value Changes As Adjustment To Associated Goodwill From Date Of Acquisition
MaximumMeasurementPeriodToRecordFairValueChangesAsAdjustmentToAssociatedGoodwillFromDateOfAcquisition
P12M
CY2018 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1200000 USD
CY2017 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
12400000 USD
CY2016 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1000000.0 USD
CY2018 us-gaap Revenues
Revenues
2745100000 USD
CY2018 us-gaap Cost Of Revenue
CostOfRevenue
1857900000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
57700000 USD
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
334600000 USD
CY2018Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
540000000.0 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
380500000 USD
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
163400000 USD
CY2018Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
DeferredTaxAssetsLiabilitiesNetNoncurrent
164500000 USD
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
416700000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
166500000 USD
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2110300000 USD
CY2017 us-gaap Cost Of Revenue
CostOfRevenue
1765400000 USD
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
258400000 USD
CY2017 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
169500000 USD
CY2017 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
93500000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
319300000 USD
CY2017 itt Interest And Non Operating Expenses Net
InterestAndNonOperatingExpensesNet
9900000 USD
CY2016 us-gaap Cost Of Revenue
CostOfRevenue
1644500000 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
260500000 USD
CY2016 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
169800000 USD
CY2016 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
80500000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
276600000 USD
CY2016 itt Interest And Non Operating Expenses Net
InterestAndNonOperatingExpensesNet
18200000 USD
CY2017 itt Reclassof Previously Reported Generaland Administrative Expenses
ReclassofPreviouslyReportedGeneralandAdministrativeExpenses
900000 USD
CY2018 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
2200000 USD
CY2017 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
2700000 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
3200000 USD
CY2018 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
Accounting Pronouncements Not Yet Adopted<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. Upon adoption on January 1, 2019, we expect the right-of-use asset and corresponding lease liability to approximate </span><span style="font-family:Arial;font-size:10pt;"><span>$85</span></span>. However, the Company does not expect the adoption to have a material impact to its Consolidated Statements of Operations or Consolidated Statements of Cash Flows.
CY2018Q4 itt Expected Rightof Use Assetand Lease Liability
ExpectedRightofUseAssetandLeaseLiability
85000000 USD
CY2018 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 Segment
CY2018 us-gaap Revenues
Revenues
2745100000 USD
CY2017 us-gaap Revenues
Revenues
2585300000 USD
CY2016 us-gaap Revenues
Revenues
2405400000 USD
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
397300000 USD
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
319300000 USD
CY2016 us-gaap Operating Income Loss
OperatingIncomeLoss
276600000 USD
CY2018 itt Operating Margin
OperatingMargin
0.145
CY2017 itt Operating Margin
OperatingMargin
0.124
CY2016 itt Operating Margin
OperatingMargin
0.115
CY2018Q4 us-gaap Assets
Assets
3846800000 USD
CY2017Q4 us-gaap Assets
Assets
3700200000 USD
CY2018 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
95500000 USD
CY2017 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
113300000 USD
CY2016 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
111400000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
109400000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
105300000 USD
CY2016 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
102000000.0 USD
CY2018 us-gaap Revenues
Revenues
2745100000 USD
CY2017 us-gaap Revenues
Revenues
2585300000 USD
CY2016 us-gaap Revenues
Revenues
2405400000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
518800000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
521700000 USD
CY2018 us-gaap Revenues
Revenues
2745100000 USD
CY2017 us-gaap Revenues
Revenues
2585300000 USD
CY2016 us-gaap Revenues
Revenues
2405400000 USD
CY2018 itt Maximum Percentage Of Revenue For Which Individual Customer Accounts For
MaximumPercentageOfRevenueForWhichIndividualCustomerAccountsFor
0.107
CY2017 itt Maximum Percentage Of Revenue For Which Individual Customer Accounts For
MaximumPercentageOfRevenueForWhichIndividualCustomerAccountsFor
0.111
CY2016 itt Maximum Percentage Of Revenue For Which Individual Customer Accounts For
MaximumPercentageOfRevenueForWhichIndividualCustomerAccountsFor
0.105
CY2018 itt Serviceand Repair Revenue Percentageof Total
ServiceandRepairRevenuePercentageofTotal
0.03
CY2018Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
21800000 USD
CY2018Q1 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
43200000 USD
CY2018 itt Current Contract Assets Percentage Changefrom Prior Period
CurrentContractAssetsPercentageChangefromPriorPeriod
-0.495
CY2018Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
700000 USD
CY2018Q1 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
0 USD
CY2018 itt Noncurrent Contract Assets Percentage Changefrom Prior Period
NoncurrentContractAssetsPercentageChangefromPriorPeriod
1.000
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
61000000.0 USD
CY2018Q1 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
61700000 USD
CY2018 itt Current Contract Liabilities Percentage Changefrom Prior Period
CurrentContractLiabilitiesPercentageChangefromPriorPeriod
-0.011
CY2018Q4 itt Net Contract Liabilities
NetContractLiabilities
-38500000 USD
CY2018Q1 itt Net Contract Liabilities
NetContractLiabilities
-18500000 USD
CY2018 itt Net Contract Liability Percentage Changefrom Prior Period
NetContractLiabilityPercentageChangefromPriorPeriod
1.081
CY2018 itt Net Contract Liability Changefrom Prior Year
NetContractLiabilityChangefromPriorYear
-20000000.0 USD
CY2018 itt Net Contract Liability Percentage Changefrom Prior Period
NetContractLiabilityPercentageChangefromPriorPeriod
1.081
CY2018 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
52700000 USD
CY2018Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
50600000 USD
CY2018Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
6900000 USD
CY2018 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
700000 USD
CY2018 us-gaap Severance Costs1
SeveranceCosts1
4200000 USD
CY2017 us-gaap Severance Costs1
SeveranceCosts1
9500000 USD
CY2016 us-gaap Severance Costs1
SeveranceCosts1
24300000 USD
CY2018 itt Restructuring Reserve Asset Write Off
RestructuringReserveAssetWriteOff
0 USD
CY2017 itt Restructuring Reserve Asset Write Off
RestructuringReserveAssetWriteOff
1900000 USD
CY2016 itt Restructuring Reserve Asset Write Off
RestructuringReserveAssetWriteOff
700000 USD
CY2018 us-gaap Other Restructuring Costs
OtherRestructuringCosts
1000000.0 USD
CY2017 us-gaap Other Restructuring Costs
OtherRestructuringCosts
1700000 USD
CY2016 us-gaap Other Restructuring Costs
OtherRestructuringCosts
1300000 USD
CY2018 us-gaap Restructuring Charges
RestructuringCharges
5200000 USD
CY2017 us-gaap Restructuring Charges
RestructuringCharges
13100000 USD
CY2016 us-gaap Restructuring Charges
RestructuringCharges
26300000 USD
CY2017Q4 us-gaap Restructuring Reserve
RestructuringReserve
8900000 USD
CY2016Q4 us-gaap Restructuring Reserve
RestructuringReserve
14600000 USD
CY2018 us-gaap Restructuring Charges
RestructuringCharges
5200000 USD
CY2017 us-gaap Restructuring Charges
RestructuringCharges
13100000 USD
CY2018 us-gaap Payments For Restructuring
PaymentsForRestructuring
8200000 USD
CY2017 us-gaap Payments For Restructuring
PaymentsForRestructuring
17800000 USD
CY2018 itt Restructuring Reserve Asset Write Off
RestructuringReserveAssetWriteOff
0 USD
CY2017 itt Restructuring Reserve Asset Write Off
RestructuringReserveAssetWriteOff
1900000 USD
CY2018 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
800000 USD
CY2017 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
900000 USD
CY2018Q4 us-gaap Restructuring Reserve
RestructuringReserve
6700000 USD
CY2017Q4 us-gaap Restructuring Reserve
RestructuringReserve
8900000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
114400000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
89200000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
87500000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
276600000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
220200000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
170900000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
391000000.0 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
309400000 USD
CY2016 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
258400000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
6300000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
7700000 USD
CY2016 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
4300000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
7900000 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
4400000 USD
CY2016 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2100000 USD
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-21900000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
7400000 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
105900000 USD
CY2016 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
26400000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-200000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1300000 USD
CY2016 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-300000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
58200000 USD
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
38600000 USD
CY2016 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
51100000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
72400000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
47600000 USD
CY2016 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
55100000 USD
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
36700000 USD
CY2016 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-3400000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-14700000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
147000000.0 USD
CY2016 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
20900000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
57700000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
194600000 USD
CY2016 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
76000000.0 USD
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.148
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.629
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.294
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 Rate
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 Rate
CY2016 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 Rate
CY2018 itt Effective Income Tax Rate Reconciliation Tax Benefit From Foreign Permanent Items
EffectiveIncomeTaxRateReconciliationTaxBenefitFromForeignPermanentItems
-0.058 Rate
CY2017 itt Effective Income Tax Rate Reconciliation Tax Benefit From Foreign Permanent Items
EffectiveIncomeTaxRateReconciliationTaxBenefitFromForeignPermanentItems
-0.078 Rate
CY2016 itt Effective Income Tax Rate Reconciliation Tax Benefit From Foreign Permanent Items
EffectiveIncomeTaxRateReconciliationTaxBenefitFromForeignPermanentItems
-0.052 Rate
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.027 Rate
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.086 Rate
CY2016 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.035 Rate
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.024 Rate
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.072 Rate
CY2016 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.014 Rate
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.015 Rate
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.003 Rate
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CY2018 itt Effective Income Tax Rate Reconciliation Tax On Undistributed Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationTaxOnUndistributedOfForeignEarnings
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CY2017 itt Effective Income Tax Rate Reconciliation Tax On Undistributed Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationTaxOnUndistributedOfForeignEarnings
-0.048 Rate
CY2016 itt Effective Income Tax Rate Reconciliation Tax On Undistributed Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationTaxOnUndistributedOfForeignEarnings
0.049 Rate
CY2018 itt Effective Income Tax Rate Reconciliation Changein Enacted Tax Rate One Time Taxon Foreign Earnings Percent
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-0.010 Rate
CY2017 itt Effective Income Tax Rate Reconciliation Changein Enacted Tax Rate One Time Taxon Foreign Earnings Percent
EffectiveIncomeTaxRateReconciliationChangeinEnactedTaxRateOneTimeTaxonForeignEarningsPercent
0.188 Rate
CY2016 itt Effective Income Tax Rate Reconciliation Changein Enacted Tax Rate One Time Taxon Foreign Earnings Percent
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0 Rate
CY2018 itt Federaldeferredtaxesremeasurement Tax Act
FederaldeferredtaxesremeasurementTaxAct
0.004 Rate
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FederaldeferredtaxesremeasurementTaxAct
0.278 Rate
CY2016 itt Federaldeferredtaxesremeasurement Tax Act
FederaldeferredtaxesremeasurementTaxAct
0 Rate
CY2018 itt Effective Income Tax Rate Reconciliation Tax On Foreign Earnings
EffectiveIncomeTaxRateReconciliationTaxOnForeignEarnings
0.005 Rate
CY2017 itt Effective Income Tax Rate Reconciliation Tax On Foreign Earnings
EffectiveIncomeTaxRateReconciliationTaxOnForeignEarnings
0.003 Rate
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EffectiveIncomeTaxRateReconciliationTaxOnForeignEarnings
0.047 Rate
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
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CY2018 itt Effective Income Tax Rate On Permanent Items
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-0.002 Rate
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CY2018 itt Effective Income Tax Reconciliation Non U.S.Prior Year Income Taxes Italian Patent Box
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0 Rate
CY2017 itt Effective Income Tax Reconciliation Non U.S.Prior Year Income Taxes Italian Patent Box
EffectiveIncomeTaxReconciliationNonU.S.PriorYearIncomeTaxesItalianPatentBox
-0.011 Rate
CY2016 itt Effective Income Tax Reconciliation Non U.S.Prior Year Income Taxes Italian Patent Box
EffectiveIncomeTaxReconciliationNonU.S.PriorYearIncomeTaxesItalianPatentBox
0 Rate
CY2018 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2017 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2016 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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CY2018 us-gaap Effective Income Tax Rate Continuing Operations
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0.148 Rate
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.629 Rate
CY2016 us-gaap Effective Income Tax Rate Continuing Operations
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0.294 Rate
CY2017 itt Aggregate Net Tax Expensefrom Us Tax Reform
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129200000 USD
CY2018 itt Aggregate Net Tax Expensefrom Us Tax Reform
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CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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157000000.0 USD
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
165500000 USD
CY2018Q4 itt Deferred Tax Assets Asbestos
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108700000 USD
CY2017Q4 itt Deferred Tax Assets Asbestos
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118700000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
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64900000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
70800000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
47700000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
51300000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
2200000 USD
CY2017Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
5700000 USD
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DeferredTaxAssetsOther
22500000 USD
CY2017Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
23100000 USD
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DeferredTaxAssetsGross
403000000.0 USD
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435100000 USD
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170000000.0 USD
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262000000.0 USD
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DeferredTaxAssetsNet
265100000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
43500000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
45400000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
28200000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
39000000.0 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
27200000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
31800000 USD
CY2018Q4 itt Deferred Tax Liabilities Investment
DeferredTaxLiabilitiesInvestment
200000 USD
CY2017Q4 itt Deferred Tax Liabilities Investment
DeferredTaxLiabilitiesInvestment
200000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
99100000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
116400000 USD
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DeferredTaxAssetsLiabilitiesNet
162900000 USD
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DeferredTaxAssetsLiabilitiesNet
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CY2018Q4 us-gaap Deferred Tax Assets Net Noncurrent
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164500000 USD
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149900000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Noncurrent
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1600000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
1200000 USD
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162900000 USD
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DeferredTaxAssetsValuationAllowance
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DeferredTaxAssetValuationAllowanceChangeinAssessment
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DeferredTaxAssetValuationAllowanceCurrentYearOperations
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CY2016Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
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DeferredTaxAssetValuationAllowanceChangeinAssessment
0 USD
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DeferredTaxAssetValuationAllowanceCurrentYearOperations
56700000 USD
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
170000000.0 USD
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DeferredTaxAssetValuationAllowanceChangeinAssessment
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DeferredTaxAssetValuationAllowanceCurrentYearOperations
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CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
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265900000 USD
CY2018 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
2200000 USD
CY2017 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
2700000 USD
CY2016 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
3200000 USD
CY2018 us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
The tax benefits recognized in the Consolidated Financial Statements from such positions are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement.
CY2017Q4 us-gaap Unrecognized Tax Benefits
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51900000 USD
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UnrecognizedTaxBenefits
69500000 USD
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UnrecognizedTaxBenefits
87600000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1500000 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1100000 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1200000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2017 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
0 USD
CY2016 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
200000 USD
CY2018 itt Reconciliation Uncertain Tax Position Purchase Accounting
ReconciliationUncertainTaxPositionPurchaseAccounting
0 USD
CY2017 itt Reconciliation Uncertain Tax Position Purchase Accounting
ReconciliationUncertainTaxPositionPurchaseAccounting
0 USD
CY2016 itt Reconciliation Uncertain Tax Position Purchase Accounting
ReconciliationUncertainTaxPositionPurchaseAccounting
200000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
200000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
12700000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
3800000 USD
CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1900000 USD
CY2017 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
5800000 USD
CY2016 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
5000000.0 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
5500000 USD
CY2017 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
200000 USD
CY2016 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
10900000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
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45800000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
51900000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits
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69500000 USD
CY2018Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
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9000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
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CY2017 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
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CY2016 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
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CY2018Q4 us-gaap Income Tax Examination Interest Accrued
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3200000 USD
CY2017Q4 us-gaap Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
4100000 USD
CY2016Q4 us-gaap Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
6800000 USD
CY2016 itt Tax Matters Agreement Collection
TaxMattersAgreementCollection
14800000 USD
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TaxMattersAgreementAdditionalCollection
1500000 USD
CY2018Q4 itt Tax Matters Agreement Receivable Total
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2100000 USD
CY2018 us-gaap Weighted Average Number Of Shares Outstanding Basic
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87700000 shares
CY2017 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2016 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2018 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2017 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2016 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2018 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2017 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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89000000.0 shares
CY2016 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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89900000 shares
CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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0 shares
CY2017 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
300000 shares
CY2016 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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700000 shares
CY2017 itt Average Exercise Price Of Anti Dilutive Stock Options
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42.43
CY2016 itt Average Exercise Price Of Anti Dilutive Stock Options
AverageExercisePriceOfAntiDilutiveStockOptions
38.34
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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15400000 USD
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CY2018Q4 us-gaap Notes And Loans Receivable Gross Current
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3700000 USD
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3900000 USD
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22900000 USD
CY2017Q4 us-gaap Other Receivables
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558300000 USD
CY2017Q4 itt Receivables Gross Current
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645700000 USD
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18300000 USD
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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16100000 USD
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540000000.0 USD
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629600000 USD
CY2018Q4 us-gaap Insurance Settlements Receivable
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19000000 USD
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16100000 USD
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2015Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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CY2018 us-gaap Provision For Doubtful Accounts
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CY2017 us-gaap Provision For Doubtful Accounts
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3600000 USD
CY2016 us-gaap Provision For Doubtful Accounts
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1500000 USD
CY2018 us-gaap Allowance For Loan And Lease Losses Write Offs
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CY2017 us-gaap Allowance For Loan And Lease Losses Write Offs
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4400000 USD
CY2016 us-gaap Allowance For Loan And Lease Losses Write Offs
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1500000 USD
CY2018 us-gaap Allowance For Loan And Lease Losses Foreign Currency Translation
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CY2017 us-gaap Allowance For Loan And Lease Losses Foreign Currency Translation
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1500000 USD
CY2016 us-gaap Allowance For Loan And Lease Losses Foreign Currency Translation
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18300000 USD
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CY2017Q4 us-gaap Inventory Gross
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CY2017Q4 us-gaap Inventory Finished Goods
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55900000 USD
CY2018Q4 us-gaap Inventory Work In Process
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CY2017Q4 us-gaap Inventory Work In Process
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54800000 USD
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206000000.0 USD
CY2017Q4 us-gaap Inventory Raw Materials And Supplies
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184400000 USD
CY2018Q4 us-gaap Inventory For Long Term Contracts Or Programs
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45700000 USD
CY2018Q4 us-gaap Progress Payments Netted Against Inventory For Long Term Contracts Or Programs
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0 USD
CY2017Q4 us-gaap Progress Payments Netted Against Inventory For Long Term Contracts Or Programs
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21300000 USD
CY2018Q4 us-gaap Inventory Net
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380500000 USD
CY2017Q4 us-gaap Inventory Net
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311900000 USD
CY2018Q4 itt Asbestos Related Current Assets
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67100000 USD
CY2017Q4 itt Asbestos Related Current Assets
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64700000 USD
CY2018Q4 us-gaap Prepaid Expense Current
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44500000 USD
CY2017Q4 us-gaap Prepaid Expense Current
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50900000 USD
CY2018Q4 us-gaap Contract With Customer Asset Net Current
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21800000 USD
CY2017Q4 us-gaap Contract With Customer Asset Net Current
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0 USD
CY2018Q4 us-gaap Prepaid Taxes
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19600000 USD
CY2017Q4 us-gaap Prepaid Taxes
PrepaidTaxes
30300000 USD
CY2018Q4 us-gaap Other Assets Miscellaneous Current
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10400000 USD
CY2017Q4 us-gaap Other Assets Miscellaneous Current
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1500000 USD
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
163400000 USD
CY2017Q4 us-gaap Other Assets Current
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147400000 USD
CY2018Q4 itt Other Employee Benefit Related Assets
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104700000 USD
CY2017Q4 itt Other Employee Benefit Related Assets
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111300000 USD
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35300000 USD
CY2017Q4 us-gaap Capitalized Computer Software Net
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41900000 USD
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23400000 USD
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24500000 USD
CY2018Q4 us-gaap Equity Method Investments
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7700000 USD
CY2017Q4 us-gaap Equity Method Investments
EquityMethodInvestments
6700000 USD
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25700000 USD
CY2017Q4 us-gaap Other Assets Miscellaneous Noncurrent
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18500000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
196800000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
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202900000 USD
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1056900000 USD
CY2017Q4 us-gaap Machinery And Equipment Gross
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1039900000 USD
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265300000 USD
CY2017Q4 us-gaap Buildings And Improvements Gross
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262500000 USD
CY2018Q4 us-gaap Furniture And Fixtures Gross
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69100000 USD
CY2017Q4 us-gaap Furniture And Fixtures Gross
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74500000 USD
CY2018Q4 us-gaap Construction In Progress Gross
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67900000 USD
CY2017Q4 us-gaap Construction In Progress Gross
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58400000 USD
CY2018Q4 us-gaap Land
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27800000 USD
CY2017Q4 us-gaap Land
Land
28700000 USD
CY2018Q4 us-gaap Property Plant And Equipment Other
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10300000 USD
CY2017Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
10900000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
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1497300000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1474900000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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978500000 USD
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
953200000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
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518800000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
521700000 USD
CY2018 us-gaap Depreciation
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82800000 USD
CY2017 us-gaap Depreciation
Depreciation
78300000 USD
CY2016 us-gaap Depreciation
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74100000 USD
CY2018 us-gaap Proceeds From Sale Of Property Held For Sale
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40000000 USD
CY2016Q4 us-gaap Goodwill
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774700000 USD
CY2017 us-gaap Goodwill Acquired During Period
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91200000 USD
CY2017 us-gaap Goodwill Purchase Accounting Adjustments
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CY2017 us-gaap Goodwill Foreign Currency Translation Gain Loss
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29100000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
886800000 USD
CY2018 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
3300000 USD
CY2018 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-14200000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
875900000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
230100000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
121200000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
108900000 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
CY2018Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
27200000 USD
CY2018Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
27200000 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
CY2018Q4 itt Finite And Infinite Lived Intangible Assets Gross
FiniteAndInfiniteLivedIntangibleAssetsGross
257300000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
121200000 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
136100000 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
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17600000 USD
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
18900000 USD
CY2016 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20100000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
17600000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
17500000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
17500000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
16300000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
12700000 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
27300000 USD
CY2018Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
152200000 USD
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
147200000 USD
CY2018Q4 itt Asbestos Related Liability Current
AsbestosRelatedLiabilityCurrent
74200000 USD
CY2017Q4 itt Asbestos Related Liability Current
AsbestosRelatedLiabilityCurrent
77100000 USD
CY2018Q4 itt Customer Related Liabilities
CustomerRelatedLiabilities
82200000 USD
CY2017Q4 itt Customer Related Liabilities
CustomerRelatedLiabilities
45500000 USD
CY2018Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
33700000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
116300000 USD
CY2017Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
36100000 USD
CY2018Q4 itt Accrued Environmental And Litigation Liabilities Current
AccruedEnvironmentalAndLitigationLiabilitiesCurrent
24000000.0 USD
CY2017Q4 itt Accrued Environmental And Litigation Liabilities Current
AccruedEnvironmentalAndLitigationLiabilitiesCurrent
22800000 USD
CY2018Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
16200000 USD
CY2017Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
17000000.0 USD
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
34200000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
38700000 USD
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
416700000 USD
CY2017Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
384400000 USD
CY2018Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
59500000 USD
CY2017Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
63600000 USD
CY2018Q4 itt Compensation And Other Employee Related Liabilities Noncurrent
CompensationAndOtherEmployeeRelatedLiabilitiesNoncurrent
34200000 USD
CY2017Q4 itt Compensation And Other Employee Related Liabilities Noncurrent
CompensationAndOtherEmployeeRelatedLiabilitiesNoncurrent
36400000 USD
CY2018Q4 us-gaap Deferred Income Taxes And Other Tax Liabilities Noncurrent
DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent
25000000.0 USD
CY2017Q4 us-gaap Deferred Income Taxes And Other Tax Liabilities Noncurrent
DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent
19300000 USD
CY2018Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
47800000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
56300000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
166500000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
175600000 USD
CY2018 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
25100000 USD
CY2017 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
25400000 USD
CY2016 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
21100000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
22200000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
16800000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
12600000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
10200000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
8100000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
46400000 USD
CY2018Q4 us-gaap Commercial Paper
CommercialPaper
114400000 USD
CY2017Q4 us-gaap Commercial Paper
CommercialPaper
162400000 USD
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1700000 USD
CY2017Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
900000 USD
CY2018Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
100000 USD
CY2017Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
300000 USD
CY2018Q4 us-gaap Debt Current
DebtCurrent
116200000 USD
CY2017Q4 us-gaap Debt Current
DebtCurrent
163600000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
8800000 USD
CY2017Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
8200000 USD
CY2018Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
0 USD
CY2017Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
100000 USD
CY2018Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
8800000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
8300000 USD
CY2018Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
125000000.0 USD
CY2017Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
171900000 USD
CY2018Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
0 USD
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
16500000 USD
CY2017 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
16700000 USD
CY2016 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
17300000 USD
CY2018Q4 itt Sharesof Itt Stock Heldin Defined Contribution Plan
SharesofITTStockHeldinDefinedContributionPlan
200000 shares
CY2018 itt Active Participants In Numerous Defined Benefit Pension Plans
ActiveParticipantsInNumerousDefinedBenefitPensionPlans
1900 Participant
CY2018Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
281300000 USD
CY2017Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
326700000 USD
CY2018Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
499800000 USD
CY2017Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
557100000 USD
CY2018Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-218500000 USD
CY2017Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-230400000 USD
CY2018Q4 itt Pensionand Other Postretirement Defined Benefit Plans Assets Noncurrent
PensionandOtherPostretirementDefinedBenefitPlansAssetsNoncurrent
1700000 USD
CY2017Q4 itt Pensionand Other Postretirement Defined Benefit Plans Assets Noncurrent
PensionandOtherPostretirementDefinedBenefitPlansAssetsNoncurrent
10300000 USD
CY2018Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
12000000.0 USD
CY2017 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
46400000 USD
CY2018 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
11200000 USD
CY2017 us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
45000000.0 USD
CY2018 itt Defined Benefit Plan Benefits And Expenses Paid
DefinedBenefitPlanBenefitsAndExpensesPaid
33400000 USD
CY2017Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
227300000 USD
CY2017Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
13400000 USD
CY2018Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
208200000 USD
CY2018Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-185400000 USD
CY2017Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax
-197400000 USD
CY2018Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
-37900000 USD
CY2017Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax
-42300000 USD
CY2018Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
147500000 USD
CY2017Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax
155100000 USD
CY2017Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
557100000 USD
CY2016Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
531000000.0 USD
CY2018 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
2600000 USD
CY2017 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
3700000 USD
CY2018 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
16000000.0 USD
CY2017 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
16500000 USD
CY2018 us-gaap Defined Benefit Plan Plan Amendments
DefinedBenefitPlanPlanAmendments
100000 USD
CY2017 us-gaap Defined Benefit Plan Plan Amendments
DefinedBenefitPlanPlanAmendments
-2000000.0 USD
CY2018 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
-33800000 USD
CY2017 us-gaap Defined Benefit Plan Actuarial Gain Loss
DefinedBenefitPlanActuarialGainLoss
20700000 USD
CY2018 itt Defined Benefit Plan Benefits And Expenses Paid Including Unfunded Portion
DefinedBenefitPlanBenefitsAndExpensesPaidIncludingUnfundedPortion
31700000 USD
CY2017 itt Defined Benefit Plan Benefits And Expenses Paid Including Unfunded Portion
DefinedBenefitPlanBenefitsAndExpensesPaidIncludingUnfundedPortion
30500000 USD
CY2018 us-gaap Defined Benefit Plan Business Combinations And Acquisitions Benefit Obligation
DefinedBenefitPlanBusinessCombinationsAndAcquisitionsBenefitObligation
0 USD
CY2017 us-gaap Defined Benefit Plan Business Combinations And Acquisitions Benefit Obligation
DefinedBenefitPlanBusinessCombinationsAndAcquisitionsBenefitObligation
3500000 USD
CY2018 us-gaap Defined Benefit Plan Settlements Benefit Obligation
DefinedBenefitPlanSettlementsBenefitObligation
6300000 USD
CY2017 us-gaap Defined Benefit Plan Settlements Benefit Obligation
DefinedBenefitPlanSettlementsBenefitObligation
400000 USD
CY2018 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
4000000.0 USD
CY2017 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation
-10600000 USD
CY2018Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
499800000 USD
CY2017Q4 us-gaap Defined Benefit Plan Benefit Obligation
DefinedBenefitPlanBenefitObligation
557100000 USD
CY2017Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
326700000 USD
CY2016Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
269200000 USD
CY2018 us-gaap Defined Benefit Plan Actual Return On Plan Assets
DefinedBenefitPlanActualReturnOnPlanAssets
-16900000 USD
CY2017 itt Defined Benefit Plan Benefits And Expenses Paid
DefinedBenefitPlanBenefitsAndExpensesPaid
33600000 USD
CY2018 us-gaap Defined Benefit Plan Settlements Plan Assets
DefinedBenefitPlanSettlementsPlanAssets
6300000 USD
CY2017 us-gaap Defined Benefit Plan Settlements Plan Assets
DefinedBenefitPlanSettlementsPlanAssets
400000 USD
CY2018 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
DefinedBenefitPlanPlanAssetsForeignCurrencyTranslationGainLoss
0 USD
CY2017 us-gaap Defined Benefit Plan Plan Assets Foreign Currency Translation Gain Loss
DefinedBenefitPlanPlanAssetsForeignCurrencyTranslationGainLoss
100000 USD
CY2018Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
281300000 USD
CY2017Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
326700000 USD
CY2018Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-218500000 USD
CY2017Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
DefinedBenefitPlanFundedStatusOfPlan
-230400000 USD
CY2018Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
379100000 USD
CY2017Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
416700000 USD
CY2018Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
233200000 USD
CY2017Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
107800000 USD
CY2018Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
231000000.0 USD
CY2017Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
105400000 USD
CY2018Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
128600000 USD
CY2017Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
0 USD
CY2017 us-gaap Defined Benefit Plan Administration Expenses
DefinedBenefitPlanAdministrationExpenses
3100000 USD
CY2016 us-gaap Defined Benefit Plan Administration Expenses
DefinedBenefitPlanAdministrationExpenses
2500000 USD
CY2016 itt Numberof Employees Offereda Pension Settlement
NumberofEmployeesOfferedaPensionSettlement
1100 Employees
CY2018Q4 us-gaap Defined Benefit Plan Expected Amortization Of Gain Loss Next Fiscal Year
DefinedBenefitPlanExpectedAmortizationOfGainLossNextFiscalYear
-7500000 USD
CY2018Q4 us-gaap Defined Benefit Plan Expected Amortization Of Prior Service Cost Credit Next Fiscal Year
DefinedBenefitPlanExpectedAmortizationOfPriorServiceCostCreditNextFiscalYear
-4600000 USD
CY2018Q4 us-gaap Defined Benefit Plan Expected Amortization Next Fiscal Year
DefinedBenefitPlanExpectedAmortizationNextFiscalYear
2900000 USD
CY2018Q4 us-gaap Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
0.045
CY2018 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Accumulated Postretirement Benefit Obligation
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligation
5200000 USD
CY2018 us-gaap Defined Benefit Plan Effect Of One Percentage Point Increase On Service And Interest Cost Components
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnServiceAndInterestCostComponents
200000 USD
CY2018 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Accumulated Postretirement Benefit Obligation1
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnAccumulatedPostretirementBenefitObligation1
4500000 USD
CY2018 us-gaap Defined Benefit Plan Effect Of One Percentage Point Decrease On Service And Interest Cost Components1
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnServiceAndInterestCostComponents1
200000 USD
CY2018 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.060
CY2017 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.070
CY2016 us-gaap Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets
0.072
CY2018 itt Actual Rate Of Return On Plan Assets
ActualRateOfReturnOnPlanAssets
-0.054
CY2017 itt Actual Rate Of Return On Plan Assets
ActualRateOfReturnOnPlanAssets
0.180
CY2016 itt Actual Rate Of Return On Plan Assets
ActualRateOfReturnOnPlanAssets
0.092
CY2017 itt Changeto Target Allocation Reductionto Equity Investments Increaseto Fixed Income
ChangetoTargetAllocationReductiontoEquityInvestmentsIncreasetoFixedIncome
0.20
CY2018 itt Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Returnon Assets Estimatefor Next Year
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnonAssetsEstimateforNextYear
0.060
CY2018 itt Share Based Compensation Arrangement By Share Based Payment Award Initially Available Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardInitiallyAvailableNumberOfShares
4600000 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
38000000.0 shares
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21600000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18100000 USD
CY2016 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12600000 USD
CY2018 itt Sharebasedcompensationcostsliabilitybasedawards
Sharebasedcompensationcostsliabilitybasedawards
1500000 USD
CY2017 itt Sharebasedcompensationcostsliabilitybasedawards
Sharebasedcompensationcostsliabilitybasedawards
2800000 USD
CY2016 itt Sharebasedcompensationcostsliabilitybasedawards
Sharebasedcompensationcostsliabilitybasedawards
1800000 USD
CY2018 itt Sharebasedcompensationcosts Total
SharebasedcompensationcostsTotal
23100000 USD
CY2017 itt Sharebasedcompensationcosts Total
SharebasedcompensationcostsTotal
20900000 USD
CY2016 itt Sharebasedcompensationcosts Total
SharebasedcompensationcostsTotal
14400000 USD
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
900000 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
34.07
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1400000 shares
CY2016Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
30.57
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1700000 shares
CY2015Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
27.10
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2016 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
400000 shares
CY2016 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
33.01
CY2018 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
200000 shares
CY2018 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
30.52
CY2017 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
500000 shares
CY2017 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
22.95
CY2016 us-gaap Stock Issued During Period Shares Stock Options Exercised
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18300000 USD

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