2022 Q1 Form 10-K Financial Statement

#000021622822000006 Filed on February 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q4 2021
Revenue $689.6M $2.765B
YoY Change -2.68% 11.59%
Cost Of Revenue $467.6M $1.866B
YoY Change -4.57% 10.02%
Gross Profit $222.0M $899.5M
YoY Change 1.56% 15.0%
Gross Profit Margin 32.19% 32.53%
Selling, General & Admin $93.30M $365.1M
YoY Change 6.39% 5.76%
% of Gross Profit 42.03% 40.59%
Research & Development $22.50M $94.90M
YoY Change -4.66% 11.78%
% of Gross Profit 10.14% 10.55%
Depreciation & Amortization $21.30M $113.1M
YoY Change -29.47% 0.8%
% of Gross Profit 9.59% 12.57%
Operating Expenses $115.8M $460.0M
YoY Change 4.04% 6.95%
Operating Profit $101.7M $504.3M
YoY Change -5.22% 122.65%
Interest Expense -$500.0K $1.100M
YoY Change -110.64% 10.0%
% of Operating Profit -0.49% 0.22%
Other Income/Expense, Net -$500.0K $2.400M
YoY Change -99.65% 9.09%
Pretax Income $101.2M $199.4M
YoY Change 362.1% -260.42%
Income Tax $14.10M $189.6M
% Of Pretax Income 13.93% 95.09%
Net Earnings $87.50M $316.3M
YoY Change -748.15% 336.28%
Net Earnings / Revenue 12.69% 11.44%
Basic Earnings Per Share $1.02 $3.68
Diluted Earnings Per Share $1.01 $3.66
COMMON SHARES
Basic Shares Outstanding 85.30M shares 85.90M shares 86.00M shares
Diluted Shares Outstanding 86.30M shares 86.50M shares

Balance Sheet

Concept 2022 Q1 2021 Q4 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $585.8M $647.5M
YoY Change -31.88% -24.71%
Cash & Equivalents $647.5M $647.5M
Short-Term Investments
Other Short-Term Assets $88.60M $68.00M
YoY Change -53.25% -60.23%
Inventory $430.9M $430.9M
Prepaid Expenses $44.10M
Receivables $542.6M $539.0M
Other Receivables $35.20M $36.70M
Total Short-Term Assets $1.722B $1.722B
YoY Change -10.18% -10.17%
LONG-TERM ASSETS
Property, Plant & Equipment $509.1M $587.1M
YoY Change -3.05% -4.07%
Goodwill $924.3M
YoY Change -2.17%
Intangibles $85.70M
YoY Change -19.45%
Long-Term Investments $14.50M $14.50M
YoY Change 23.93% 20.83%
Other Assets $324.2M $215.0M
YoY Change 19.19% -67.47%
Total Long-Term Assets $1.843B $1.843B
YoY Change -21.9% -21.93%
TOTAL ASSETS
Total Short-Term Assets $1.722B $1.722B
Total Long-Term Assets $1.843B $1.843B
Total Assets $3.565B $3.565B
YoY Change -16.65% -16.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $373.4M $373.4M
YoY Change 21.71% 21.63%
Accrued Expenses $357.3M $241.1M
YoY Change -21.88% 2.16%
Deferred Revenue $46.60M
YoY Change -17.08%
Short-Term Debt $0.00 $195.4M
YoY Change -100.0% 87.88%
Long-Term Debt Due $2.200M $2.200M
YoY Change -12.0% -26.67%
Total Short-Term Liabilities $928.3M $928.3M
YoY Change 6.58% 6.58%
LONG-TERM LIABILITIES
Long-Term Debt $9.900M $9.900M
YoY Change -23.85% -23.85%
Other Long-Term Liabilities $206.5M $367.5M
YoY Change -1.95% -70.69%
Total Long-Term Liabilities $406.4M $377.4M
YoY Change -68.22% -70.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $928.3M $928.3M
Total Long-Term Liabilities $406.4M $377.4M
Total Liabilities $1.335B $1.340B
YoY Change -37.91% -37.72%
SHAREHOLDERS EQUITY
Retained Earnings $2.462B
YoY Change 6.14%
Common Stock $85.50M
YoY Change -1.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.226B $2.226B
YoY Change
Total Liabilities & Shareholders Equity $3.565B $3.565B
YoY Change -16.65% -16.66%

Cashflow Statement

Concept 2022 Q1 2021 Q4 2021
OPERATING ACTIVITIES
Net Income $87.50M $316.3M
YoY Change -748.15% 336.28%
Depreciation, Depletion And Amortization $21.30M $113.1M
YoY Change -29.47% 0.8%
Cash From Operating Activities $104.6M -$7.600M
YoY Change -11.8% -101.74%
INVESTING ACTIVITIES
Capital Expenditures -$17.50M -$88.40M
YoY Change 8.7% 38.78%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$1.700M $1.900M
YoY Change -342.86% -311.11%
Cash From Investing Activities -$19.20M -$82.30M
YoY Change 24.68% 25.08%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $115.3M
YoY Change 44.31%
Debt Paid & Issued, Net $2.400M
YoY Change -4.0%
Cash From Financing Activities -69.10M -$99.80M
YoY Change 41.89% -37.07%
NET CHANGE
Cash From Operating Activities 104.6M -7.600M
Cash From Investing Activities -19.20M -$82.30M
Cash From Financing Activities -69.10M -$99.80M
Net Change In Cash 16.30M -$212.3M
YoY Change -70.09% -185.71%
FREE CASH FLOW
Cash From Operating Activities $104.6M -$7.600M
Capital Expenditures -$17.50M -$88.40M
Free Cash Flow $122.1M $80.80M
YoY Change -9.35% -83.86%

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CY2019 itt Other Comprehensive Income Loss Amortization Adjustmentfrom Aoci Pensionand Other Postretirement Benefit Plansfor Settlement Cost Credit Tax Benefit Expense
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0.0 USD
CY2021 itt Other Comprehensive Income Loss Amortization Adjustmentfrom Aoci Pensionand Other Postretirement Benefit Plansfor Settlement Cost Credit Netof Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentfromAOCIPensionandOtherPostretirementBenefitPlansforSettlementCostCreditNetofTax
0 USD
CY2020 itt Other Comprehensive Income Loss Amortization Adjustmentfrom Aoci Pensionand Other Postretirement Benefit Plansfor Settlement Cost Credit Netof Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentfromAOCIPensionandOtherPostretirementBenefitPlansforSettlementCostCreditNetofTax
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CY2019 itt Other Comprehensive Income Loss Amortization Adjustmentfrom Aoci Pensionand Other Postretirement Benefit Plansfor Settlement Cost Credit Netof Tax
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0 USD
CY2021 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBenefitPlanImprovementTaxEffect
0.0 USD
CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBenefitPlanImprovementTaxEffect
0.0 USD
CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBenefitPlanImprovementTaxEffect
400000 USD
CY2021 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
0 USD
CY2020 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
0 USD
CY2019 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
1300000 USD
CY2021 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
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CY2020 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
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CY2019 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
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CY2021 itt Other Comprehensive Income Defined Benefit Plan Unrealized Foreign Currency Gain Loss Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanUnrealizedForeignCurrencyGainLossNetOfTax
2700000 USD
CY2020 itt Other Comprehensive Income Defined Benefit Plan Unrealized Foreign Currency Gain Loss Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanUnrealizedForeignCurrencyGainLossNetOfTax
-2900000 USD
CY2019 itt Other Comprehensive Income Defined Benefit Plan Unrealized Foreign Currency Gain Loss Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanUnrealizedForeignCurrencyGainLossNetOfTax
300000 USD
CY2020Q4 us-gaap Other Assets Current
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CY2021 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
12600000 USD
CY2020 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
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CY2019 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
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CY2021 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
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CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2020Q4 us-gaap Inventory Net
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CY2021Q4 us-gaap Goodwill
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CY2020Q4 us-gaap Goodwill
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CY2020Q4 us-gaap Assets Current
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CY2021Q4 us-gaap Property Plant And Equipment Net
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509100000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
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CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2021Q4 itt Asbestos Related Assets
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CY2020Q4 itt Asbestos Related Assets
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CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net Noncurrent
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CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
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CY2021Q4 us-gaap Assets Noncurrent
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CY2020Q4 us-gaap Assets Noncurrent
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CY2021Q4 us-gaap Assets
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CY2020Q4 us-gaap Accrued Liabilities Current
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CY2021Q4 us-gaap Liabilities Current
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CY2020Q4 us-gaap Liabilities Current
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CY2020Q4 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
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CY2020Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
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CY2020Q4 us-gaap Other Liabilities Noncurrent
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CY2021Q4 us-gaap Liabilities Noncurrent
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CY2021Q4 us-gaap Liabilities
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CY2020Q4 us-gaap Liabilities
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CY2019 itt Asbestos Related Costs Net
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CY2021 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
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CY2021Q4 us-gaap Common Stock Shares Issued
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CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
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40800000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
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CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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CY2020Q4 us-gaap Stockholders Equity
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CY2020Q4 us-gaap Minority Interest
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2019 us-gaap Income Loss From Continuing Operations
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CY2019 us-gaap Depreciation Depletion And Amortization
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CY2021 us-gaap Share Based Compensation
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CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2019 us-gaap Share Based Compensation
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CY2021 itt Asbestos Related Costs Net
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CY2020 itt Asbestos Related Costs Net
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CY2020 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
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CY2019 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
30900000 USD
CY2021 us-gaap Asset Impairment Charges
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CY2020 us-gaap Asset Impairment Charges
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CY2019 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2021 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2020 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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CY2019 us-gaap Other Noncash Income Expense
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CY2021 itt Asbestos Related Payments
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14900000 USD
CY2020 itt Asbestos Related Payments
AsbestosRelatedPayments
9800000 USD
CY2019 itt Asbestos Related Payments
AsbestosRelatedPayments
21600000 USD
CY2021 us-gaap Pension Contributions
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CY2020 us-gaap Pension Contributions
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CY2019 us-gaap Pension Contributions
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22900000 USD
CY2021 itt Contribution To Divest Asbestos Related Assets And Liabilities
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398000000.0 USD
CY2020 itt Contribution To Divest Asbestos Related Assets And Liabilities
ContributionToDivestAsbestosRelatedAssetsAndLiabilities
0 USD
CY2019 itt Contribution To Divest Asbestos Related Assets And Liabilities
ContributionToDivestAsbestosRelatedAssetsAndLiabilities
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CY2021 us-gaap Increase Decrease In Receivables
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62200000 USD
CY2020 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
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CY2019 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
40600000 USD
CY2021 us-gaap Increase Decrease In Inventories
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82700000 USD
CY2020 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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CY2021 us-gaap Increase Decrease In Contract With Customer Asset
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2500000 USD
CY2020 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
1000000.0 USD
CY2019 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
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CY2020 us-gaap Increase Decrease In Contract With Customer Liability
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CY2019 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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CY2021 us-gaap Increase Decrease In Accounts Payable
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CY2020 us-gaap Increase Decrease In Accounts Payable
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CY2019 us-gaap Increase Decrease In Accounts Payable
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CY2021 us-gaap Increase Decrease In Accrued Liabilities
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CY2020 us-gaap Increase Decrease In Accrued Liabilities
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CY2019 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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CY2021 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2020 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2019 us-gaap Increase Decrease In Accrued Income Taxes Payable
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CY2019 us-gaap Increase Decrease In Other Operating Capital Net
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CY2020 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2019 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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CY2021 us-gaap Payments To Acquire Productive Assets
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CY2020 us-gaap Payments To Acquire Productive Assets
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CY2019 us-gaap Payments To Acquire Productive Assets
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CY2021 us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
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CY2020 us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
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CY2019 us-gaap Proceeds From Divestiture Of Businesses And Interests In Affiliates
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CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2020 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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CY2019 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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CY2020 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Proceeds From Repayments Of Commercial Paper
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CY2021 us-gaap Proceeds From Repayments Of Commercial Paper
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CY2020 us-gaap Proceeds From Repayments Of Commercial Paper
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CY2020 us-gaap Proceeds From Lines Of Credit
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CY2019 us-gaap Proceeds From Lines Of Credit
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CY2020 us-gaap Repayments Of Lines Of Credit
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CY2019 us-gaap Repayments Of Lines Of Credit
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CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2020 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2019 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2020 us-gaap Repayments Of Long Term Debt
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CY2019 us-gaap Payments For Repurchase Of Common Stock
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CY2020 us-gaap Payments Of Dividends Common Stock
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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648300000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
860600000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
612900000 USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
3300000 USD
CY2019 us-gaap Interest Paid Net
InterestPaidNet
2500000 USD
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
61300000 USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
61100000 USD
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
63400000 USD
CY2018Q4 us-gaap Common Stock Shares Issued
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87600000 shares
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2110300000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1824900000 USD
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
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30600000 USD
CY2019 us-gaap Stock Repurchased During Period Value
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41400000 USD
CY2019 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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326200000 USD
CY2019 us-gaap Common Stock Dividends Per Share Declared
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0.588
CY2019 us-gaap Dividends Common Stock Cash
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52000000.0 USD
CY2019 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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700000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-9800000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2077800000 USD
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
17700000 USD
CY2020 us-gaap Stock Repurchased During Period Value
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84200000 USD
CY2020 itt Cumulative Effect Of Change In Accounting Principle
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-1200000 USD
CY2020 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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73900000 USD
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.676
CY2020 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
58900000 USD
CY2020 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
900000 USD
CY2020 us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
2200000 USD
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
105900000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2127900000 USD
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
17700000 USD
CY2021 us-gaap Stock Repurchased During Period Value
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116500000 USD
CY2021 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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321000000.0 USD
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.88
CY2021 us-gaap Dividends Common Stock Cash
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76200000 USD
CY2021 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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1400000 USD
CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
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-41900000 USD
CY2021 us-gaap Stockholders Equity Other
StockholdersEquityOther
-100000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2230700000 USD
CY2021 itt Measurement Period For Expected Return On Plan Assets
MeasurementPeriodForExpectedReturnOnPlanAssets
P5Y
CY2020 itt Research And Development Expense Percentage Of Sales
ResearchAndDevelopmentExpensePercentageOfSales
0.034
CY2021 itt Research And Development Expense Percentage Of Sales
ResearchAndDevelopmentExpensePercentageOfSales
0.034
CY2019 itt Research And Development Expense Percentage Of Sales
ResearchAndDevelopmentExpensePercentageOfSales
0.034
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
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800000 USD
CY2021 us-gaap Concentration Risk Credit Risk
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<div><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Concentrations of Credit Risk</span></div><div style="margin-bottom:6pt;margin-top:3pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject ITT to significant concentrations of credit risk consist principally of cash and cash equivalents, accounts and notes receivables 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. Derivative financial instruments are transacted with multiple highly reputable financial institutions. As part of our risk management processes, we perform periodic evaluations of the relative credit standing of the financial institutions with which we transact. We have not sustained any material credit losses during the previous three years with respect to financial instruments held at financial institutions.</span></div><div style="margin-bottom:6pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 11% and 12% of the December 31, 2021 and 2020 outstanding trade accounts receivable balance, respectively. Occasionally, we enter into notes receivables with certain of our customers. These notes receivables have maturities of six to 12 months and are guaranteed by reputable banks. 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.</span></div>
CY2021Q4 us-gaap Percentage Of Lifo Inventory
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0.134
CY2020Q4 us-gaap Percentage Of Lifo Inventory
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0.125
CY2021Q4 us-gaap Inventory Lifo Reserve
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14100000 USD
CY2020Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
12000000.0 USD
CY2021Q4 itt Carrying Value Of Tangible Asset Written Down To Estimated Fair Value
CarryingValueOfTangibleAssetWrittenDownToEstimatedFairValue
100000 USD
CY2021 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.
CY2021Q4 us-gaap Short Term Investments
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0 USD
CY2021Q4 itt Investments In Corporate Owned Life Insurance
InvestmentsInCorporateOwnedLifeInsurance
118200000 USD
CY2020Q4 itt Investments In Corporate Owned Life Insurance
InvestmentsInCorporateOwnedLifeInsurance
113700000 USD
CY2021 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
3900000 USD
CY2020 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
4300000 USD
CY2019 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
LifeInsuranceCorporateOrBankOwnedChangeInValue
4800000 USD
CY2021 us-gaap Proceeds From Life Insurance Policies
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0.0 USD
CY2020 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
900000 USD
CY2019 us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
1700000 USD
CY2021 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
4000000.0 USD
CY2021 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
12300000 USD
CY2021 itt Maximum Measurement Period To Record Fair Value Changes As Adjustment To Associated Goodwill From Date Of Acquisition
MaximumMeasurementPeriodToRecordFairValueChangesAsAdjustmentToAssociatedGoodwillFromDateOfAcquisition
P12M
CY2021 us-gaap Related Party Costs
RelatedPartyCosts
200000 USD
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1900000 USD
CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-7600000 USD
CY2019 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2700000 USD
CY2020 itt Impact Of Adoption Of Asu201613 Net Of Tax
ImpactOfAdoptionOfASU201613NetOfTax
1200000 USD
CY2021 us-gaap Number Of Reportable Segments
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3 Segment
CY2021 us-gaap Revenues
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2765000000 USD
CY2020 us-gaap Revenues
Revenues
2477800000 USD
CY2019 us-gaap Revenues
Revenues
2846400000 USD
CY2021 us-gaap Revenues
Revenues
2765000000 USD
CY2020 us-gaap Revenues
Revenues
2477800000 USD
CY2019 us-gaap Revenues
Revenues
2846400000 USD
CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
504300000 USD
CY2020 us-gaap Operating Income Loss
OperatingIncomeLoss
226500000 USD
CY2019 us-gaap Operating Income Loss
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411400000 USD
CY2021 itt Operating Margin
OperatingMargin
0.182
CY2020 itt Operating Margin
OperatingMargin
0.091
CY2019 itt Operating Margin
OperatingMargin
0.145
CY2021Q4 us-gaap Assets
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3565400000 USD
CY2020Q4 us-gaap Assets
Assets
4277600000 USD
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
88400000 USD
CY2020 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
63700000 USD
CY2019 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
91400000 USD
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
113100000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
112200000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
113400000 USD
CY2021 us-gaap Revenues
Revenues
2765000000 USD
CY2020 us-gaap Revenues
Revenues
2477800000 USD
CY2019 us-gaap Revenues
Revenues
2846400000 USD
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
509100000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
525100000 USD
CY2021 us-gaap Revenues
Revenues
2765000000 USD
CY2020 us-gaap Revenues
Revenues
2477800000 USD
CY2019 us-gaap Revenues
Revenues
2846400000 USD
CY2021 itt Maximum Percentage Of Revenue For Which Individual Customer Accounts For
MaximumPercentageOfRevenueForWhichIndividualCustomerAccountsFor
0.098
CY2020 itt Maximum Percentage Of Revenue For Which Individual Customer Accounts For
MaximumPercentageOfRevenueForWhichIndividualCustomerAccountsFor
0.091
CY2019 itt Maximum Percentage Of Revenue For Which Individual Customer Accounts For
MaximumPercentageOfRevenueForWhichIndividualCustomerAccountsFor
0.098
CY2021 itt Serviceand Repair Revenue Percentageof Total
ServiceandRepairRevenuePercentageofTotal
0.03
CY2020 itt Serviceand Repair Revenue Percentageof Total
ServiceandRepairRevenuePercentageofTotal
0.04
CY2019 itt Serviceand Repair Revenue Percentageof Total
ServiceandRepairRevenuePercentageofTotal
0.04
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
20600000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
19100000 USD
CY2021 itt Current Contract Assets Percentage Changefrom Prior Period
CurrentContractAssetsPercentageChangefromPriorPeriod
0.079
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
46600000 USD
CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
56200000 USD
CY2021 itt Current Contract Liabilities Percentage Changefrom Prior Period
CurrentContractLiabilitiesPercentageChangefromPriorPeriod
-0.171
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
30100000 USD
CY2020Q4 itt Net Contract Liabilities
NetContractLiabilities
37200000 USD
CY2021 itt Net Contract Liability Percentage Changefrom Prior Period
NetContractLiabilityPercentageChangefromPriorPeriod
-0.191
CY2021 itt Net Contract Liability Changefrom Prior Year
NetContractLiabilityChangefromPriorYear
7100000 USD
CY2021 itt Net Contract Liability Percentage Changefrom Prior Period
NetContractLiabilityPercentageChangefromPriorPeriod
-0.191
CY2021 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
48500000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
891300000 USD
CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
5500000 USD
CY2020Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
6500000 USD
CY2021 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
900000 USD
CY2020 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1600000 USD
CY2021 us-gaap Severance Costs1
SeveranceCosts1
8000000.0 USD
CY2020 us-gaap Severance Costs1
SeveranceCosts1
41500000 USD
CY2019 us-gaap Severance Costs1
SeveranceCosts1
12400000 USD
CY2021 itt Restructuring Reserve Asset Write Off
RestructuringReserveAssetWriteOff
600000 USD
CY2020 itt Restructuring Reserve Asset Write Off
RestructuringReserveAssetWriteOff
0 USD
CY2019 itt Restructuring Reserve Asset Write Off
RestructuringReserveAssetWriteOff
0 USD
CY2021 us-gaap Other Restructuring Costs
OtherRestructuringCosts
1000000.0 USD
CY2020 us-gaap Other Restructuring Costs
OtherRestructuringCosts
1500000 USD
CY2019 us-gaap Other Restructuring Costs
OtherRestructuringCosts
400000 USD
CY2021 us-gaap Restructuring Charges
RestructuringCharges
9600000 USD
CY2020 us-gaap Restructuring Charges
RestructuringCharges
43000000.0 USD
CY2019 us-gaap Restructuring Charges
RestructuringCharges
12800000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
19100000 USD
CY2019Q4 us-gaap Restructuring Reserve
RestructuringReserve
7500000 USD
CY2021 itt Restructuring Costs Gross Before Prior Accrual Adjustments
RestructuringCostsGrossBeforePriorAccrualAdjustments
11700000 USD
CY2020 itt Restructuring Costs Gross Before Prior Accrual Adjustments
RestructuringCostsGrossBeforePriorAccrualAdjustments
44100000 USD
CY2021 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-2100000 USD
CY2020 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-1100000 USD
CY2021 us-gaap Payments For Restructuring
PaymentsForRestructuring
16500000 USD
CY2020 us-gaap Payments For Restructuring
PaymentsForRestructuring
33000000.0 USD
CY2021 itt Restructuring Reserve Asset Write Offs
RestructuringReserveAssetWriteOffs
600000 USD
CY2020 itt Restructuring Reserve Asset Write Offs
RestructuringReserveAssetWriteOffs
0 USD
CY2021 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
-600000 USD
CY2020 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
1600000 USD
CY2021Q4 us-gaap Restructuring Reserve
RestructuringReserve
11000000.0 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
19100000 USD
CY2021Q4 us-gaap Restructuring And Related Cost Cost Incurred To Date1
RestructuringAndRelatedCostCostIncurredToDate1
46600000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
199400000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-124300000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
143900000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
309700000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
209500000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
270500000 USD
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
509100000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
85200000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
414400000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
21100000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9900000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9400000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2600000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-1500000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
500000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
50200000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
50800000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
49100000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
73900000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
59200000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
59000000.0 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
96900000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-36600000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
10100000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
15500000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-4800000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
1500000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
3300000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-2500000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
19300000 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
115700000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-43900000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
30900000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
189600000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15300000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
89900000 USD
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.372 Rate
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.180 Rate
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 Rate
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.217 Rate
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 Rate
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 Rate
CY2021 itt Effective Income Tax Rate Reconciliation Tax On Asbestos Divestiture
EffectiveIncomeTaxRateReconciliationTaxOnAsbestosDivestiture
0.189 Rate
CY2020 itt Effective Income Tax Rate Reconciliation Tax On Asbestos Divestiture
EffectiveIncomeTaxRateReconciliationTaxOnAsbestosDivestiture
0
CY2019 itt Effective Income Tax Rate Reconciliation Tax On Asbestos Divestiture
EffectiveIncomeTaxRateReconciliationTaxOnAsbestosDivestiture
0
CY2021 itt Effective Income Tax Rate Reconciliation Tax On Undistributed Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationTaxOnUndistributedOfForeignEarnings
0.008 Rate
CY2020 itt Effective Income Tax Rate Reconciliation Tax On Undistributed Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationTaxOnUndistributedOfForeignEarnings
0.074 Rate
CY2019 itt Effective Income Tax Rate Reconciliation Tax On Undistributed Of Foreign Earnings
EffectiveIncomeTaxRateReconciliationTaxOnUndistributedOfForeignEarnings
0.018 Rate
CY2021 itt Effective Income Tax Reconciliation Pension Settlement Aoci Expense
EffectiveIncomeTaxReconciliationPensionSettlementAOCIExpense
0 Rate
CY2020 itt Effective Income Tax Reconciliation Pension Settlement Aoci Expense
EffectiveIncomeTaxReconciliationPensionSettlementAOCIExpense
0.059 Rate
CY2019 itt Effective Income Tax Reconciliation Pension Settlement Aoci Expense
EffectiveIncomeTaxReconciliationPensionSettlementAOCIExpense
0 Rate
CY2021 itt Effective Income Tax Reconciliation Non U.S.Prior Year Income Taxes Italian Patent Box
EffectiveIncomeTaxReconciliationNonU.S.PriorYearIncomeTaxesItalianPatentBox
-0.013 Rate
CY2020 itt Effective Income Tax Reconciliation Non U.S.Prior Year Income Taxes Italian Patent Box
EffectiveIncomeTaxReconciliationNonU.S.PriorYearIncomeTaxesItalianPatentBox
-0.056 Rate
CY2019 itt Effective Income Tax Reconciliation Non U.S.Prior Year Income Taxes Italian Patent Box
EffectiveIncomeTaxReconciliationNonU.S.PriorYearIncomeTaxesItalianPatentBox
-0.012 Rate
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
-0.010 Rate
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
-0.054 Rate
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
0.001 Rate
CY2021 itt Effective Income Tax Reconciliation Non U.S.Prior Year Income Taxes Italian Patent Box Descrete Benefit Relatingto Prior Years
EffectiveIncomeTaxReconciliationNonU.S.PriorYearIncomeTaxesItalianPatentBoxDescreteBenefitRelatingtoPriorYears
-0.006 Rate
CY2020 itt Effective Income Tax Reconciliation Non U.S.Prior Year Income Taxes Italian Patent Box Descrete Benefit Relatingto Prior Years
EffectiveIncomeTaxReconciliationNonU.S.PriorYearIncomeTaxesItalianPatentBoxDescreteBenefitRelatingtoPriorYears
-0.036 Rate
CY2019 itt Effective Income Tax Reconciliation Non U.S.Prior Year Income Taxes Italian Patent Box Descrete Benefit Relatingto Prior Years
EffectiveIncomeTaxReconciliationNonU.S.PriorYearIncomeTaxesItalianPatentBoxDescreteBenefitRelatingtoPriorYears
-0.011 Rate
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.006 Rate
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.024 Rate
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.007 Rate
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.002 Rate
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.016 Rate
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.028 Rate
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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-0.004 Rate
CY2020 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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18900000 USD
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20400000 USD
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20800000 USD
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91000000.0 USD
CY2021Q4 us-gaap Loss Contingency Accrual Carrying Value Noncurrent
LossContingencyAccrualCarryingValueNoncurrent
0 USD
CY2021Q4 itt Asbestos Related Assets
AsbestosRelatedAssets
0 USD
CY2020Q4 itt Asbestos Related Assets
AsbestosRelatedAssets
353700000 USD
CY2021Q4 us-gaap Recorded Third Party Environmental Recoveries Amount
RecordedThirdPartyEnvironmentalRecoveriesAmount
12500000 USD
CY2020Q4 us-gaap Recorded Third Party Environmental Recoveries Amount
RecordedThirdPartyEnvironmentalRecoveriesAmount
18600000 USD
CY2021Q4 itt Guarantees Letters Of Credit And Similar Arrangements Outstanding
GuaranteesLettersOfCreditAndSimilarArrangementsOutstanding
129400000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
25400000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
20500000 USD
CY2021 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
4600000 USD
CY2020 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
12300000 USD
CY2021 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
8800000 USD
CY2020 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
8200000 USD
CY2021 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-1100000 USD
CY2020 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
800000 USD
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
20100000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
25400000 USD
CY2021Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
24200000 USD
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
1900000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
0 USD
CY2021 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
1400000 USD
CY2020 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
1400000 USD

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