$ITT
ITT INC.

2021 Q4 Form 10-Q Financial Statement

#000021622821000049 Filed on November 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2020 Q4 2020 Q3
Revenue $689.6M $708.6M $591.2M
YoY Change -2.68% -1.46% -16.95%
Cost Of Revenue $467.6M $490.0M $400.6M
YoY Change -4.57% -0.22% -16.65%
Gross Profit $222.0M $218.6M $190.6M
YoY Change 1.56% -4.12% -17.6%
Gross Profit Margin 32.19% 30.85% 32.24%
Selling, General & Admin $93.30M $87.70M $80.50M
YoY Change 6.39% -18.8% -22.22%
% of Gross Profit 42.03% 40.12% 42.24%
Research & Development $22.50M $23.60M $19.70M
YoY Change -4.66% -4.84% -17.23%
% of Gross Profit 10.14% 10.8% 10.34%
Depreciation & Amortization $21.30M $30.20M $21.00M
YoY Change -29.47% -6.5% 1.45%
% of Gross Profit 9.59% 13.82% 11.02%
Operating Expenses $115.8M $111.3M $100.2M
YoY Change 4.04% -16.19% -21.29%
Operating Profit $101.7M $107.3M -$62.50M
YoY Change -5.22% 12.71% -140.98%
Interest Expense -$500.0K $4.700M -$1.200M
YoY Change -110.64% 176.47% -400.0%
% of Operating Profit -0.49% 4.38%
Other Income/Expense, Net -$500.0K -$142.0M -$1.200M
YoY Change -99.65% -400.0%
Pretax Income $101.2M $21.90M -$63.70M
YoY Change 362.1% -73.93% -141.66%
Income Tax $14.10M $36.80M -$16.20M
% Of Pretax Income 13.93% 168.04%
Net Earnings $87.50M -$13.50M -$46.80M
YoY Change -748.15% -119.74% -139.46%
Net Earnings / Revenue 12.69% -1.91% -7.92%
Basic Earnings Per Share $1.02 -$0.54
Diluted Earnings Per Share $1.01 -$156.3K -$0.54
COMMON SHARES
Basic Shares Outstanding 85.90M shares 86.40M shares 86.40M shares
Diluted Shares Outstanding 86.30M shares 86.40M shares

Balance Sheet

Concept 2021 Q4 2020 Q4 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $585.8M $860.0M $782.0M
YoY Change -31.88% 40.52% 40.65%
Cash & Equivalents $647.5M $859.8M $782.3M
Short-Term Investments
Other Short-Term Assets $88.60M $189.5M $171.8M
YoY Change -53.25% 23.53% 6.25%
Inventory $430.9M $360.5M $378.5M
Prepaid Expenses $44.10M $39.60M
Receivables $542.6M $497.0M $476.0M
Other Receivables $35.20M $30.00M $32.00M
Total Short-Term Assets $1.722B $1.917B $1.823B
YoY Change -10.18% 10.39% 6.83%
LONG-TERM ASSETS
Property, Plant & Equipment $509.1M $525.1M $505.7M
YoY Change -3.05% -1.2% -3.07%
Goodwill $924.3M $944.8M $928.9M
YoY Change -2.17% 1.9% 2.1%
Intangibles $85.70M $106.4M $112.2M
YoY Change -19.45% -22.9% -24.04%
Long-Term Investments $14.50M $11.70M $10.00M
YoY Change 23.93% 19.39% 6.38%
Other Assets $324.2M $272.0M $306.1M
YoY Change 19.19% -14.06% 2.17%
Total Long-Term Assets $1.843B $2.360B $2.354B
YoY Change -21.9% -0.45% -0.18%
TOTAL ASSETS
Total Short-Term Assets $1.722B $1.917B $1.823B
Total Long-Term Assets $1.843B $2.360B $2.354B
Total Assets $3.565B $4.278B $4.176B
YoY Change -16.65% 4.14% 2.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $373.4M $306.8M $300.5M
YoY Change 21.71% -7.7% -11.72%
Accrued Expenses $357.3M $457.4M $446.8M
YoY Change -21.88% 6.17% 4.96%
Deferred Revenue $46.60M $56.20M
YoY Change -17.08% -2.09%
Short-Term Debt $0.00 $106.8M $0.00
YoY Change -100.0% 23.47% -100.0%
Long-Term Debt Due $2.200M $2.500M $2.400M
YoY Change -12.0% 8.7% 0.0%
Total Short-Term Liabilities $928.3M $871.0M $866.0M
YoY Change 6.58% 2.51% -2.57%
LONG-TERM LIABILITIES
Long-Term Debt $9.900M $13.00M $14.00M
YoY Change -23.85% 0.78% 7.69%
Other Long-Term Liabilities $206.5M $210.6M $215.3M
YoY Change -1.95% -10.27% -9.42%
Total Long-Term Liabilities $406.4M $1.279B $1.286B
YoY Change -68.22% 8.35% 9.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $928.3M $871.0M $866.0M
Total Long-Term Liabilities $406.4M $1.279B $1.286B
Total Liabilities $1.335B $2.150B $2.152B
YoY Change -37.91% 5.9% 4.24%
SHAREHOLDERS EQUITY
Retained Earnings $2.462B $2.319B $2.342B
YoY Change 6.14% -2.24% 1.22%
Common Stock $85.50M $86.50M $86.40M
YoY Change -1.16% -1.48% -1.37%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.226B $2.126B $2.021B
YoY Change
Total Liabilities & Shareholders Equity $3.565B $4.278B $4.176B
YoY Change -16.65% 4.14% 2.76%

Cashflow Statement

Concept 2021 Q4 2020 Q4 2020 Q3
OPERATING ACTIVITIES
Net Income $87.50M -$13.50M -$46.80M
YoY Change -748.15% -119.74% -139.46%
Depreciation, Depletion And Amortization $21.30M $30.20M $21.00M
YoY Change -29.47% -6.5% 1.45%
Cash From Operating Activities $104.6M $118.6M $115.1M
YoY Change -11.8% -12.67% -4.48%
INVESTING ACTIVITIES
Capital Expenditures -$17.50M -$16.10M -$13.30M
YoY Change 8.7% -27.15% -43.4%
Acquisitions
YoY Change
Other Investing Activities -$1.700M $700.0K $0.00
YoY Change -342.86% -240.0% -100.0%
Cash From Investing Activities -$19.20M -$15.40M -$13.30M
YoY Change 24.68% -31.86% -72.58%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -69.10M -48.70M -151.1M
YoY Change 41.89% -24.61% 305.09%
NET CHANGE
Cash From Operating Activities 104.6M 118.6M 115.1M
Cash From Investing Activities -19.20M -15.40M -13.30M
Cash From Financing Activities -69.10M -48.70M -151.1M
Net Change In Cash 16.30M 54.50M -49.30M
YoY Change -70.09% 12.14% -242.07%
FREE CASH FLOW
Cash From Operating Activities $104.6M $118.6M $115.1M
Capital Expenditures -$17.50M -$16.10M -$13.30M
Free Cash Flow $122.1M $134.7M $128.4M
YoY Change -9.35% -14.69% -10.83%

Facts In Submission

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dei Current Fiscal Year End Date
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dei Entity Incorporation State Country Code
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dei Document Type
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ITT INC.
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dei Security12b Title
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CY2020Q3 us-gaap Stockholders Equity Other
StockholdersEquityOther
-100000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2024500000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2077800000 USD
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
86800000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
11400000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
83900000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.507
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
44200000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-22100000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2024500000 USD
us-gaap Basis Of Accounting
BasisOfAccounting
<div style="margin-top:6pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Basis of Presentation</span></div><div style="margin-top:6pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 known adjustments (which consist primarily of normal, recurring accruals, estimates and assumptions) necessary to state fairly the financial position, results of operations, and cash flows for the periods presented. The Consolidated Condensed Balance Sheet as of December 31, 2020, presented herein, has been derived from our audited balance sheet included in our Annual Report on Form 10-K (</span><span style="color:#0000ff;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/216228/000021622821000005/itt-20201231.htm" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">2020 Annual Report</a></span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">) for the year ended December 31, 2020 but does not include all disclosures required by GAAP. We consistently applied the accounting policies described in the 2020 Annual Report in preparing these unaudited financial statements. These financial statements should be read in conjunction with the financial statements and notes thereto included in our 2020 Annual Report.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 and may be impacted by the duration and severity of the COVID-19 pandemic. Estimates and assumptions are used for, but not limited to, 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 and assets, allowance for credit losses and inventory valuation. Actual results could differ from these estimates.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Effective July 1, 2021, the Company divested the entity holding legacy asbestos-related assets and liabilities to a third-party. As a result of the transaction, all associated asbestos-related assets and liabilities were removed from the Company’s consolidated balance sheet. See Note 19, </span><span style="color:#0000ff;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline"><a href="#idffbde49403d493c9f86e9b529f2e8be_109" style="color:#0000ff;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Commitments and Contingencies</a></span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">, for further information.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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. ITT’s third quarter for 2021 and 2020 ended on October 2, 2021 and September 26, 2020, respectively, and were both thirteen-week periods.</span></div><div style="margin-top:6pt;text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain prior year amounts have been reclassified to conform to the current year presentation.</span></div>
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 Segment
CY2021Q4 us-gaap Revenues
Revenues
689600000 USD
CY2020Q3 us-gaap Revenues
Revenues
591200000 USD
CY2021Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
101700000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-62500000 USD
CY2021Q4 itt Operating Margin
OperatingMargin
0.147
CY2020Q3 itt Operating Margin
OperatingMargin
-0.106
us-gaap Revenues
Revenues
2079600000 USD
us-gaap Revenues
Revenues
1769200000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
391200000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
67300000 USD
itt Operating Margin
OperatingMargin
0.188
itt Operating Margin
OperatingMargin
0.038
itt Pre Tax Gain On Divestiture Of Asbestos Liability
PreTaxGainOnDivestitureOfAsbestosLiability
88800000 USD
CY2021Q4 us-gaap Assets
Assets
3454200000 USD
CY2020Q4 us-gaap Assets
Assets
4277600000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
52600000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
591200000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
47600000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
85300000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
82000000.0 USD
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
689600000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2079600000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1769200000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
17600000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
19100000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
300000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
0 USD
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
39900000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
56200000 USD
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
4400000 USD
CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
100000 USD
CY2021Q4 itt Net Contract Liabilities
NetContractLiabilities
26400000 USD
CY2020Q4 itt Net Contract Liabilities
NetContractLiabilities
37200000 USD
CY2021Q4 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
8300000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
46000000.0 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
861600000 USD
CY2021Q4 us-gaap Severance Costs1
SeveranceCosts1
4300000 USD
CY2020Q3 us-gaap Severance Costs1
SeveranceCosts1
10900000 USD
us-gaap Severance Costs1
SeveranceCosts1
6700000 USD
us-gaap Severance Costs1
SeveranceCosts1
41800000 USD
CY2021Q4 itt Restructuring And Related Cost Asset Impairment Cost
RestructuringAndRelatedCostAssetImpairmentCost
0 USD
CY2020Q3 itt Restructuring And Related Cost Asset Impairment Cost
RestructuringAndRelatedCostAssetImpairmentCost
0 USD
itt Restructuring And Related Cost Asset Impairment Cost
RestructuringAndRelatedCostAssetImpairmentCost
600000 USD
itt Restructuring And Related Cost Asset Impairment Cost
RestructuringAndRelatedCostAssetImpairmentCost
0 USD
CY2021Q4 us-gaap Other Restructuring Costs
OtherRestructuringCosts
200000 USD
CY2020Q3 us-gaap Other Restructuring Costs
OtherRestructuringCosts
600000 USD
us-gaap Other Restructuring Costs
OtherRestructuringCosts
900000 USD
us-gaap Other Restructuring Costs
OtherRestructuringCosts
700000 USD
CY2021Q4 us-gaap Restructuring Charges
RestructuringCharges
4500000 USD
CY2020Q3 us-gaap Restructuring Charges
RestructuringCharges
11500000 USD
us-gaap Restructuring Charges
RestructuringCharges
8200000 USD
us-gaap Restructuring Charges
RestructuringCharges
42500000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
19100000 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
7500000 USD
us-gaap Restructuring Costs
RestructuringCosts
9900000 USD
us-gaap Restructuring Costs
RestructuringCosts
43300000 USD
us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-1700000 USD
us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-800000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
11300000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
24500000 USD
itt Restructuring And Related Cost Asset Impairment Cost
RestructuringAndRelatedCostAssetImpairmentCost
600000 USD
itt Restructuring And Related Cost Asset Impairment Cost
RestructuringAndRelatedCostAssetImpairmentCost
0 USD
us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
700000 USD
us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
-700000 USD
CY2021Q4 us-gaap Restructuring Reserve
RestructuringReserve
14700000 USD
CY2020Q3 us-gaap Restructuring Reserve
RestructuringReserve
26200000 USD
CY2021Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14100000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-16200000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
182700000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-19600000 USD
CY2021Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.139
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.254
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.462
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
600000 shares
CY2021Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85900000 shares
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
86400000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
86100000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
86800000 shares
CY2021Q4 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
400000 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
500000 shares
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.310
itt Tax Impact On Divestiture Of Asbestos Liability
TaxImpactOnDivestitureOfAsbestosLiability
116900000 USD
itt Asbestos Remeasurement Charge
AsbestosRemeasurementCharge
135900000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsIncreasesResultingFromSettlementsWithTaxingAuthorities
3200000 USD
itt American Rescue Plan Act Amount
AmericanRescuePlanActAmount
1900000000000 USD
CY2021Q4 itt Payroll Tax Benefit From Cares Act
PayrollTaxBenefitFromCARESAct
900000 USD
itt Payroll Tax Benefit From Cares Act
PayrollTaxBenefitFromCARESAct
5000000.0 USD
CY2020Q3 itt Payroll Tax Benefit From Cares Act
PayrollTaxBenefitFromCARESAct
1800000 USD
itt Payroll Tax Benefit From Cares Act
PayrollTaxBenefitFromCARESAct
8700000 USD
CY2021Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
17000000 USD
CY2021Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86300000 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86400000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86600000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
87400000 shares
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
500000 shares
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
536500000 USD
CY2020Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
492500000 USD
CY2021Q4 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
20500000 USD
CY2020Q4 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
11000000.0 USD
CY2021Q4 us-gaap Other Receivables
OtherReceivables
14700000 USD
CY2020Q4 us-gaap Other Receivables
OtherReceivables
19100000 USD
CY2021Q4 itt Receivables Gross Current
ReceivablesGrossCurrent
571700000 USD
CY2020Q4 itt Receivables Gross Current
ReceivablesGrossCurrent
522600000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
11500000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
15100000 USD
CY2021Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
560200000 USD
CY2020Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
507500000 USD
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
11500000 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
15100000 USD
CY2021Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
500000 USD
CY2020Q4 us-gaap Contract With Customer Asset Accumulated Allowance For Credit Loss
ContractWithCustomerAssetAccumulatedAllowanceForCreditLoss
500000 USD
CY2021Q4 itt Total Allowancefor Credit Losses
TotalAllowanceforCreditLosses
12000000.0 USD
CY2020Q4 itt Total Allowancefor Credit Losses
TotalAllowanceforCreditLosses
15600000 USD
CY2020Q4 itt Total Allowancefor Credit Losses
TotalAllowanceforCreditLosses
15600000 USD
CY2019Q4 itt Total Allowancefor Credit Losses
TotalAllowanceforCreditLosses
12800000 USD
itt Impactof Adoptionof Asu201613
ImpactofAdoptionofASU201613
0 USD
itt Impactof Adoptionof Asu201613
ImpactofAdoptionofASU201613
1700000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-2700000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
9200000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
800000 USD
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
5100000 USD
itt Allowancefor Credit Loss Foreign Currencyand Other
AllowanceforCreditLossForeignCurrencyandOther
-100000 USD
itt Allowancefor Credit Loss Foreign Currencyand Other
AllowanceforCreditLossForeignCurrencyandOther
100000 USD
CY2021Q4 itt Total Allowancefor Credit Losses
TotalAllowanceforCreditLosses
12000000.0 USD
CY2020Q3 itt Total Allowancefor Credit Losses
TotalAllowanceforCreditLosses
18700000 USD
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
73500000 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
63100000 USD
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
84900000 USD
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
77500000 USD
CY2021Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
255300000 USD
CY2020Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
219900000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
413700000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
360500000 USD
CY2021Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
35900000 USD
CY2020Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
39600000 USD
CY2021Q4 us-gaap Prepaid Taxes
PrepaidTaxes
19700000 USD
CY2020Q4 us-gaap Prepaid Taxes
PrepaidTaxes
29000000.0 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
17600000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
19100000 USD
CY2021Q4 itt Asbestos Related Current Assets
AsbestosRelatedCurrentAssets
0 USD
CY2020Q4 itt Asbestos Related Current Assets
AsbestosRelatedCurrentAssets
91000000.0 USD
CY2021Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
8900000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
10800000 USD
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
82100000 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
189500000 USD
CY2021Q4 itt Other Employee Benefit Related Assets
OtherEmployeeBenefitRelatedAssets
117400000 USD
CY2020Q4 itt Other Employee Benefit Related Assets
OtherEmployeeBenefitRelatedAssets
113900000 USD
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
76400000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
87300000 USD
CY2021Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
18600000 USD
CY2020Q4 us-gaap Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
23900000 USD
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
14200000 USD
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
11700000 USD
CY2021Q4 itt Estimated Environmental Related Assets Noncurrent
EstimatedEnvironmentalRelatedAssetsNoncurrent
8900000 USD
CY2020Q4 itt Estimated Environmental Related Assets Noncurrent
EstimatedEnvironmentalRelatedAssetsNoncurrent
10600000 USD
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
25400000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
24600000 USD
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
260900000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
272000000.0 USD
CY2021Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
1210100000 USD
CY2020Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
1205700000 USD
CY2021Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
267500000 USD
CY2020Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
273900000 USD
CY2021Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
80700000 USD
CY2020Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
82000000.0 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
16800000 USD
CY2021Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
40000000.0 USD
CY2020Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
44700000 USD
CY2021Q4 us-gaap Land
Land
32900000 USD
CY2020Q4 us-gaap Land
Land
34600000 USD
CY2021Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
4900000 USD
CY2020Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
5000000.0 USD
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1636100000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1645900000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1141400000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1120800000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
494700000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
525100000 USD
CY2021Q4 us-gaap Depreciation
Depreciation
21300000 USD
us-gaap Depreciation
Depreciation
64200000 USD
CY2020Q3 us-gaap Depreciation
Depreciation
21000000.0 USD
us-gaap Depreciation
Depreciation
62200000 USD
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
4000000.0 USD
CY2019Q4 itt Carrying Valueof Tangible Assets Written Downto Estimated Fair Value
CarryingValueofTangibleAssetsWrittenDowntoEstimatedFairValue
14000000.0 USD
CY2020Q3 itt Fair Valueof Impaired Tangible Assets
FairValueofImpairedTangibleAssets
10000000.0 USD
CY2021Q4 itt Finite And Infinite Lived Intangible Assets Gross
FiniteAndInfiniteLivedIntangibleAssetsGross
241400000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
150600000 USD
CY2020Q4 us-gaap Goodwill
Goodwill
944800000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
15700000 USD
CY2021Q4 us-gaap Goodwill
Goodwill
929100000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
224900000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
150600000 USD
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
74300000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
226200000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
136600000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
89600000 USD
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
16500000 USD
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
16500000 USD
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
16800000 USD
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
90800000 USD
CY2020Q4 itt Finite And Infinite Lived Intangible Assets Gross
FiniteAndInfiniteLivedIntangibleAssetsGross
243000000.0 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
136600000 USD
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
106400000 USD
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
12300000 USD
CY2021Q4 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4700000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14700000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4400000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13400000 USD
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
153000000.0 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
137300000 USD
CY2021Q4 itt Contract Liabilitiesand Other Customer Related Liabilities
ContractLiabilitiesandOtherCustomerRelatedLiabilities
59300000 USD
CY2020Q4 itt Contract Liabilitiesand Other Customer Related Liabilities
ContractLiabilitiesandOtherCustomerRelatedLiabilities
73700000 USD
CY2021Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
37300000 USD
CY2020Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
36900000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
72400000 USD
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
20600000 USD
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
23100000 USD
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
19200000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
19800000 USD
CY2021Q4 itt Accrued Environmental And Litigation Liabilities Current
AccruedEnvironmentalAndLitigationLiabilitiesCurrent
14500000 USD
CY2020Q4 itt Accrued Environmental And Litigation Liabilities Current
AccruedEnvironmentalAndLitigationLiabilitiesCurrent
19100000 USD
CY2021Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
14700000 USD
CY2020Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
19100000 USD
CY2020Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
19100000 USD
CY2021Q4 itt Asbestos Related Liability Current
AsbestosRelatedLiabilityCurrent
0 USD
CY2020Q4 itt Asbestos Related Liability Current
AsbestosRelatedLiabilityCurrent
91400000 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
40000000.0 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
37000000.0 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
358600000 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
457400000 USD
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
62600000 USD
CY2021Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
47700000 USD
CY2020Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
50100000 USD
CY2021Q4 itt Compensation And Other Employee Related Liabilities Noncurrent
CompensationAndOtherEmployeeRelatedLiabilitiesNoncurrent
29000000.0 USD
CY2020Q4 itt Compensation And Other Employee Related Liabilities Noncurrent
CompensationAndOtherEmployeeRelatedLiabilitiesNoncurrent
29400000 USD
CY2020Q4 itt Compensation And Other Employee Related Liabilities Noncurrent
CompensationAndOtherEmployeeRelatedLiabilitiesNoncurrent
29400000 USD
CY2021Q4 us-gaap Deferred Income Taxes And Other Tax Liabilities Noncurrent
DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent
12100000 USD
CY2020Q4 us-gaap Deferred Income Taxes And Other Tax Liabilities Noncurrent
DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent
11900000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
11300000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
13000000.0 USD
CY2021Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
32200000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Noncurrent
OtherAccruedLiabilitiesNoncurrent
33800000 USD
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
194900000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
210600000 USD
CY2020Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
3000000.0 USD
CY2021Q4 us-gaap Commercial Paper
CommercialPaper
196400000 USD
CY2020Q4 us-gaap Commercial Paper
CommercialPaper
104300000 USD
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2200000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2500000 USD
CY2021Q4 us-gaap Debt Current
DebtCurrent
198600000 USD
CY2020Q4 us-gaap Debt Current
DebtCurrent
106800000 USD
CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
11300000 USD
CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
13000000.0 USD
CY2021Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
209900000 USD
CY2020Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
119800000 USD
CY2021Q4 us-gaap Commercial Paper
CommercialPaper
196400000 USD
CY2021Q4 itt Lineof Credit Facility Interest Margin Above Libor
LineofCreditFacilityInterestMarginAboveLIBOR
0.011
CY2021Q4 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
600000 USD
CY2020Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
600000 USD
CY2021Q4 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
700000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-3300000 USD
CY2021Q4 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
0 USD
CY2020Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
2200000 USD
CY2021Q4 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-900000 USD
CY2020Q3 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-1300000 USD
CY2021Q4 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-1000000.0 USD
CY2020Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-2400000 USD
CY2021Q4 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
1400000 USD
CY2020Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
2500000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1700000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
1600000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
2100000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
9000000.0 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
0 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
6500000 USD
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-3400000 USD
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-3800000 USD
CY2020Q3 itt Shares Repurchased Aggregate Value Under Settlement Of Employee Tax Withholding Obligations
SharesRepurchasedAggregateValueUnderSettlementOfEmployeeTaxWithholdingObligations
200000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-7300000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
3700000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
7600000 USD
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
8100000 USD
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
7200000 USD
CY2021Q4 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
200000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
200000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
800000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax
2600000 USD
CY2021Q4 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4400000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3900000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11800000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9700000 USD
CY2021Q4 itt Sharebasedcompensationcostsliabilitybasedawards
Sharebasedcompensationcostsliabilitybasedawards
200000 USD
itt Shares Repurchased Aggregate Value Under Settlement Of Employee Tax Withholding Obligations
SharesRepurchasedAggregateValueUnderSettlementOfEmployeeTaxWithholdingObligations
11700000 USD
itt Number Of Shares Repurchased Under Settlement Of Employee Tax Withholding Obligations
NumberOfSharesRepurchasedUnderSettlementOfEmployeeTaxWithholdingObligations
200000 shares
CY2020Q3 itt Sharebasedcompensationcostsliabilitybasedawards
Sharebasedcompensationcostsliabilitybasedawards
300000 USD
itt Sharebasedcompensationcostsliabilitybasedawards
Sharebasedcompensationcostsliabilitybasedawards
1300000 USD
itt Sharebasedcompensationcostsliabilitybasedawards
Sharebasedcompensationcostsliabilitybasedawards
200000 USD
CY2021Q4 itt Sharebasedcompensationcosts Total
SharebasedcompensationcostsTotal
4600000 USD
CY2020Q3 itt Sharebasedcompensationcosts Total
SharebasedcompensationcostsTotal
4200000 USD
itt Sharebasedcompensationcosts Total
SharebasedcompensationcostsTotal
13100000 USD
itt Sharebasedcompensationcosts Total
SharebasedcompensationcostsTotal
9900000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1100000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1700000 USD
CY2021Q4 itt Number Of Shares Repurchased Under Settlement Of Employee Tax Withholding Obligations
NumberOfSharesRepurchasedUnderSettlementOfEmployeeTaxWithholdingObligations
100000 shares
itt Number Of Shares Repurchased Under Settlement Of Employee Tax Withholding Obligations
NumberOfSharesRepurchasedUnderSettlementOfEmployeeTaxWithholdingObligations
200000 shares
CY2021Q4 itt Shares Repurchased Aggregate Value Under Settlement Of Employee Tax Withholding Obligations
SharesRepurchasedAggregateValueUnderSettlementOfEmployeeTaxWithholdingObligations
300000 USD
itt Shares Repurchased Aggregate Value Under Settlement Of Employee Tax Withholding Obligations
SharesRepurchasedAggregateValueUnderSettlementOfEmployeeTaxWithholdingObligations
10700000 USD
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
55900000 USD
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-245100000 USD
CY2021Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-301000000.0 USD
CY2021Q4 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3100000 USD
CY2021Q4 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3100000 USD
CY2021Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-21500000 USD
CY2021Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-21500000 USD
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
52800000 USD
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-266600000 USD
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-319400000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
55900000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-223500000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-279400000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3100000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3100000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-43100000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-43100000 USD
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
52800000 USD
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-266600000 USD
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-319400000 USD
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
131500000 USD
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-301200000 USD
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-432700000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1800000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1800000 USD
CY2020Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
23500000 USD
CY2020Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
23500000 USD
CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
129700000 USD
CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-277700000 USD
CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-407400000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
133300000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-252000000.0 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-385300000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3600000 USD
CY2021Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent
797000000.0 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3600000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-25700000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-25700000 USD
CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
129700000 USD
CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-277700000 USD
CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-407400000 USD
itt Deconsolidation Gain Or Loss Amount Before Tax
DeconsolidationGainOrLossAmountBeforeTax
88800000 USD
itt Deconsolidation Gain Or Loss Amount Tax Amount
DeconsolidationGainOrLossAmountTaxAmount
116900000 USD
us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
-28100000 USD
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
398000000.0 USD
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Other Current Assets
DisposalGroupIncludingDiscontinuedOperationOtherCurrentAssets
91000000.0 USD
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Other Noncurrent Assets
DisposalGroupIncludingDiscontinuedOperationOtherNoncurrentAssets
310400000 USD
CY2021Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
91200000 USD
itt Deconsolidation Gain Or Loss Amount Before Tax
DeconsolidationGainOrLossAmountBeforeTax
88800000 USD
itt Deconsolidation Gain Or Loss Amount Tax Amount
DeconsolidationGainOrLossAmountTaxAmount
116900000 USD
us-gaap Deconsolidation Gain Or Loss Amount
DeconsolidationGainOrLossAmount
-28100000 USD
CY2021Q4 itt Asbestos Related Cost Provision Before Tax
AsbestosRelatedCostProvisionBeforeTax
0 USD
CY2020Q3 itt Asbestos Related Cost Provision Before Tax
AsbestosRelatedCostProvisionBeforeTax
5500000 USD
itt Asbestos Related Cost Provision Before Tax
AsbestosRelatedCostProvisionBeforeTax
14400000 USD
itt Asbestos Related Cost Provision Before Tax
AsbestosRelatedCostProvisionBeforeTax
29100000 USD
CY2021Q4 itt Gain On Divestiture Of Asbestos Before Tax
GainOnDivestitureOfAsbestosBeforeTax
0 USD
CY2020Q3 itt Gain On Divestiture Of Asbestos Before Tax
GainOnDivestitureOfAsbestosBeforeTax
0 USD
itt Gain On Divestiture Of Asbestos Before Tax
GainOnDivestitureOfAsbestosBeforeTax
88800000 USD
itt Gain On Divestiture Of Asbestos Before Tax
GainOnDivestitureOfAsbestosBeforeTax
0 USD
CY2021Q4 itt Asbestos Remeasurement Charge
AsbestosRemeasurementCharge
0 USD
CY2020Q3 itt Asbestos Remeasurement Charge
AsbestosRemeasurementCharge
135900000 USD
itt Asbestos Remeasurement Charge
AsbestosRemeasurementCharge
0 USD
itt Asbestos Remeasurement Charge
AsbestosRemeasurementCharge
135900000 USD
CY2021Q4 itt Asbestos Related Costs Benefit Settlement Agreement
AsbestosRelatedCostsBenefitSettlementAgreement
0 USD
CY2020Q3 itt Asbestos Related Costs Benefit Settlement Agreement
AsbestosRelatedCostsBenefitSettlementAgreement
0 USD
itt Asbestos Related Costs Benefit Settlement Agreement
AsbestosRelatedCostsBenefitSettlementAgreement
0 USD
itt Asbestos Related Costs Benefit Settlement Agreement
AsbestosRelatedCostsBenefitSettlementAgreement
-48300000 USD
CY2021Q4 itt Asbestos Related Costs Net
AsbestosRelatedCostsNet
0 USD
CY2020Q3 itt Asbestos Related Costs Net
AsbestosRelatedCostsNet
141400000 USD
itt Asbestos Related Costs Net
AsbestosRelatedCostsNet
-74400000 USD
itt Asbestos Related Costs Net
AsbestosRelatedCostsNet
116700000 USD
CY2020Q4 itt Asbestos Liability And Related Assets Net Current And Noncurrent
AsbestosLiabilityAndRelatedAssetsNetCurrentAndNoncurrent
487300000 USD
CY2019Q4 itt Asbestos Liability And Related Assets Net Current And Noncurrent
AsbestosLiabilityAndRelatedAssetsNetCurrentAndNoncurrent
430800000 USD
itt Asbestos Related Costs Benefit Provisionto Maintain10 Year Forecast Period
AsbestosRelatedCostsBenefitProvisiontoMaintain10YearForecastPeriod
14400000 USD
itt Asbestos Related Costs Benefit Provisionto Maintain10 Year Forecast Period
AsbestosRelatedCostsBenefitProvisiontoMaintain10YearForecastPeriod
29100000 USD
itt Asbestos Remeasurement Charge
AsbestosRemeasurementCharge
0 USD
itt Asbestos Remeasurement Charge
AsbestosRemeasurementCharge
135900000 USD
itt Asbestos Related Costs Benefit Settlement Agreement
AsbestosRelatedCostsBenefitSettlementAgreement
0 USD
itt Asbestos Related Costs Benefit Settlement Agreement
AsbestosRelatedCostsBenefitSettlementAgreement
-48300000 USD
itt Increase Decrease Net Cash Activity
IncreaseDecreaseNetCashActivity
-14900000 USD
itt Increase Decrease Net Cash Activity
IncreaseDecreaseNetCashActivity
-8900000 USD
itt Divestiture Of Asbestos Liabilities
DivestitureOfAsbestosLiabilities
-888200000 USD
itt Divestiture Of Asbestos Related Assets
DivestitureOfAsbestosRelatedAssets
-401400000 USD
itt Divestiture Of Asbestos Related Assets And Liabilities Net
DivestitureOfAsbestosRelatedAssetsAndLiabilitiesNet
-486800000 USD
CY2021Q4 itt Asbestos Liability And Related Assets Net Current And Noncurrent
AsbestosLiabilityAndRelatedAssetsNetCurrentAndNoncurrent
0 USD
CY2020Q3 itt Asbestos Liability And Related Assets Net Current And Noncurrent
AsbestosLiabilityAndRelatedAssetsNetCurrentAndNoncurrent
538600000 USD
CY2021Q4 itt Asbestos Related Liability Current
AsbestosRelatedLiabilityCurrent
0 USD
CY2021Q4 itt Asbestos Related Current Assets
AsbestosRelatedCurrentAssets
0 USD
CY2020Q3 itt Asbestos Related Liability Current
AsbestosRelatedLiabilityCurrent
91300000 USD
CY2020Q3 itt Asbestos Related Current Assets
AsbestosRelatedCurrentAssets
91000000.0 USD
CY2021Q4 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
0 USD
CY2021Q4 itt Asbestos Related Assets
AsbestosRelatedAssets
0 USD
CY2020Q3 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
856700000 USD
CY2020Q3 itt Asbestos Related Assets
AsbestosRelatedAssets
318400000 USD
CY2020Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
58300000 USD
CY2019Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
61900000 USD
us-gaap Accrual For Environmental Loss Contingencies Period Increase Decrease
AccrualForEnvironmentalLossContingenciesPeriodIncreaseDecrease
1000000.0 USD
us-gaap Accrual For Environmental Loss Contingencies Period Increase Decrease
AccrualForEnvironmentalLossContingenciesPeriodIncreaseDecrease
0 USD
us-gaap Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
7200000 USD
us-gaap Accrual For Environmental Loss Contingencies Payments1
AccrualForEnvironmentalLossContingenciesPayments1
2900000 USD
itt Foreignexchangetranslation
Foreignexchangetranslation
-200000 USD
itt Foreignexchangetranslation
Foreignexchangetranslation
0 USD
CY2021Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
51800000 USD
CY2020Q3 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
58600000 USD
CY2021Q4 itt Estimated Environmental Related Assets
EstimatedEnvironmentalRelatedAssets
12900000 USD
CY2020Q3 itt Estimated Environmental Related Assets
EstimatedEnvironmentalRelatedAssets
19600000 USD
CY2021Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
60300000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
2600000 USD
CY2021Q4 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
1100000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
3300000 USD
CY2020Q3 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
100000 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
3700000 USD

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