2023 Q1 Form 10-K Financial Statement

#000021622823000004 Filed on February 15, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $753.6M $2.988B
YoY Change 9.28% 8.05%
Cost Of Revenue $520.2M $2.065B
YoY Change 11.25% 10.72%
Gross Profit $233.4M $922.3M
YoY Change 5.14% 2.53%
Gross Profit Margin 30.97% 30.87%
Selling, General & Admin $87.00M $368.5M
YoY Change -6.75% 0.93%
% of Gross Profit 37.28% 39.95%
Research & Development $24.40M $96.50M
YoY Change 8.44% 1.69%
% of Gross Profit 10.45% 10.46%
Depreciation & Amortization $19.40M $107.4M
YoY Change -8.92% -5.04%
% of Gross Profit 8.31% 11.64%
Operating Expenses $111.4M $465.0M
YoY Change -3.8% 1.09%
Operating Profit $122.0M $468.0M
YoY Change 19.96% -7.2%
Interest Expense -$2.300M -$6.400M
YoY Change 360.0% -681.82%
% of Operating Profit -1.89% -1.37%
Other Income/Expense, Net -$2.300M $1.300M
YoY Change 360.0% -45.83%
Pretax Income $119.7M $461.8M
YoY Change 18.28% 131.59%
Income Tax $16.40M $91.10M
% Of Pretax Income 13.7% 19.73%
Net Earnings $102.4M $367.0M
YoY Change 17.03% 16.03%
Net Earnings / Revenue 13.59% 12.28%
Basic Earnings Per Share $1.24 $4.40
Diluted Earnings Per Share $1.23 $4.38
COMMON SHARES
Basic Shares Outstanding 82.70M shares 82.70M shares 83.40M shares
Diluted Shares Outstanding 83.00M shares 83.70M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $514.5M $561.2M
YoY Change -12.17% -13.33%
Cash & Equivalents $514.5M $561.2M
Short-Term Investments
Other Short-Term Assets $117.1M $86.60M
YoY Change 32.17% 27.35%
Inventory $525.1M $533.9M
Prepaid Expenses $45.00M
Receivables $628.5M $628.6M
Other Receivables $33.50M $26.50M
Total Short-Term Assets $1.786B $1.837B
YoY Change 3.69% 6.66%
LONG-TERM ASSETS
Property, Plant & Equipment $491.5M $600.6M
YoY Change -3.46% 2.3%
Goodwill $947.6M
YoY Change 2.52%
Intangibles $116.3M
YoY Change 35.71%
Long-Term Investments $42.70M $42.90M
YoY Change 194.48% 195.86%
Other Assets $349.2M $210.0M
YoY Change 7.71% -2.33%
Total Long-Term Assets $1.905B $1.944B
YoY Change 3.33% 5.44%
TOTAL ASSETS
Total Short-Term Assets $1.786B $1.837B
Total Long-Term Assets $1.905B $1.944B
Total Assets $3.690B $3.780B
YoY Change 3.5% 6.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $390.7M $401.1M
YoY Change 4.63% 7.42%
Accrued Expenses $337.0M $208.4M
YoY Change -5.68% -13.56%
Deferred Revenue $67.90M
YoY Change 45.71%
Short-Term Debt $3.200M $448.3M
YoY Change 129.43%
Long-Term Debt Due $2.000M $2.700M
YoY Change -9.09% 22.73%
Total Short-Term Liabilities $1.269B $1.186B
YoY Change 36.71% 27.71%
LONG-TERM LIABILITIES
Long-Term Debt $8.200M $7.700M
YoY Change -17.17% -22.22%
Other Long-Term Liabilities $185.4M $298.6M
YoY Change -10.22% -18.75%
Total Long-Term Liabilities $355.6M $306.3M
YoY Change -12.5% -18.84%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.269B $1.186B
Total Long-Term Liabilities $355.6M $306.3M
Total Liabilities $1.625B $1.532B
YoY Change 21.73% 14.38%
SHAREHOLDERS EQUITY
Retained Earnings $2.412B
YoY Change -2.02%
Common Stock $82.70M
YoY Change -3.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.057B $2.248B
YoY Change
Total Liabilities & Shareholders Equity $3.690B $3.780B
YoY Change 3.5% 6.03%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $102.4M $367.0M
YoY Change 17.03% 16.03%
Depreciation, Depletion And Amortization $19.40M $107.4M
YoY Change -8.92% -5.04%
Cash From Operating Activities $60.90M $277.8M
YoY Change -41.78% -3755.26%
INVESTING ACTIVITIES
Capital Expenditures -$26.20M $103.9M
YoY Change 49.71% -217.53%
Acquisitions $146.9M
YoY Change
Other Investing Activities -$200.0K -$400.0K
YoY Change -88.24% -121.05%
Cash From Investing Activities -$26.40M -$255.1M
YoY Change 37.5% 209.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $245.3M
YoY Change 112.75%
Debt Paid & Issued, Net $2.100M
YoY Change -12.5%
Cash From Financing Activities -27.50M -$83.30M
YoY Change -60.2% -16.53%
NET CHANGE
Cash From Operating Activities 60.90M 277.8M
Cash From Investing Activities -26.40M -$255.1M
Cash From Financing Activities -27.50M -$83.30M
Net Change In Cash 7.000M -$86.40M
YoY Change -57.06% -59.3%
FREE CASH FLOW
Cash From Operating Activities $60.90M $277.8M
Capital Expenditures -$26.20M $103.9M
Free Cash Flow $87.10M $173.9M
YoY Change -28.67% 115.22%

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CY2021 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
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CY2020 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
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CY2021 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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CY2022 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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CY2021 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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CY2020 itt Other Comprehensive Income Loss Amortization Adjustmentfrom Aoci Pensionand Other Postretirement Benefit Plansfor Settlement Cost Credit Tax Benefit Expense
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CY2020 itt Other Comprehensive Income Loss Amortization Adjustmentfrom Aoci Pensionand Other Postretirement Benefit Plansfor Settlement Cost Credit Netof Tax
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CY2020 itt Asbestos Related Costs Net
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CY2020 us-gaap Proceeds From Payments For Other Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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35200000 usd
CY2022 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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100000 usd
CY2021 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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800000 usd
CY2020 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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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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CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
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CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
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CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
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800000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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612900000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
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700000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
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CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022 us-gaap Interest Paid Net
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CY2021 us-gaap Interest Paid Net
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CY2020 us-gaap Interest Paid Net
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CY2022 us-gaap Income Taxes Paid Net
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CY2021 us-gaap Income Taxes Paid Net
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CY2020 us-gaap Income Taxes Paid Net
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CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2020 us-gaap Stock Repurchased During Period Value
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CY2020 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2020 itt Cumulative Effect Of Change In Accounting Principle
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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
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0.676
CY2020 us-gaap Dividends Common Stock Cash
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58900000 usd
CY2020 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2020 us-gaap Minority Interest Decrease From Redemptions
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CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
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17700000 usd
CY2021 us-gaap Stock Repurchased During Period Value
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104800000 usd
CY2021 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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11700000 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
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0.880
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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CY2021 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2021 us-gaap Stockholders Equity Other
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2022 us-gaap Stock Repurchased During Period Value
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CY2022 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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8800000 usd
CY2022 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
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369400000 usd
CY2022 us-gaap Common Stock Dividends Per Share Declared
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1.056
CY2022 us-gaap Dividends Common Stock Cash
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87700000 usd
CY2022 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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500000 usd
CY2022 us-gaap Noncontrolling Interest Increase From Business Combination
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2700000 usd
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022 us-gaap Stockholders Equity Other
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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2257400000 usd
CY2022 us-gaap Proceeds From Life Insurance Policies
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400000 usd
CY2022 itt Measurement Period For Expected Return On Plan Assets
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P5Y
CY2022 itt Research And Development Expense Percentage Of Sales
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0.032
CY2021 itt Research And Development Expense Percentage Of Sales
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0.034
CY2020 itt Research And Development Expense Percentage Of Sales
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0.034
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
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700000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
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800000 usd
CY2022 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 derivative financial instruments. 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 10% and 11% of the December 31, 2022 and 2021 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>
CY2022Q4 us-gaap Percentage Of Lifo Inventory
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0.130
CY2021Q4 us-gaap Percentage Of Lifo Inventory
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CY2022Q4 us-gaap Inventory Lifo Reserve
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CY2021Q4 us-gaap Inventory Lifo Reserve
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CY2021Q4 us-gaap Short Term Investments
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CY2022Q4 us-gaap Short Term Investments
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CY2022Q4 itt Investments In Corporate Owned Life Insurance
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CY2021Q4 itt Investments In Corporate Owned Life Insurance
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CY2022 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
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CY2021 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
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CY2020 us-gaap Life Insurance Corporate Or Bank Owned Change In Value
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4300000 usd
CY2021 us-gaap Proceeds From Life Insurance Policies
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0.0 usd
CY2020 us-gaap Proceeds From Life Insurance Policies
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CY2020 us-gaap Tangible Asset Impairment Charges
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4000000.0 usd
CY2020 us-gaap Goodwill And Intangible Asset Impairment
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12300000 usd
CY2022 itt Maximum Measurement Period To Record Fair Value Changes As Adjustment To Associated Goodwill From Date Of Acquisition
MaximumMeasurementPeriodToRecordFairValueChangesAsAdjustmentToAssociatedGoodwillFromDateOfAcquisition
P12M
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2020 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2021 us-gaap Related Party Costs
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200000 usd
CY2022 us-gaap Number Of Reportable Segments
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3 segment
CY2022 us-gaap Revenues
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CY2021 us-gaap Revenues
Revenues
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CY2020 us-gaap Revenues
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CY2022 us-gaap Revenues
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CY2021 us-gaap Revenues
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CY2020 us-gaap Revenues
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2477800000 usd
CY2022 us-gaap Operating Income Loss
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468000000.0 usd
CY2021 us-gaap Operating Income Loss
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504300000 usd
CY2020 us-gaap Operating Income Loss
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226500000 usd
CY2022 itt Operating Margin
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0.157
CY2021 itt Operating Margin
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0.182
CY2020 itt Operating Margin
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CY2022Q4 us-gaap Assets
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CY2021Q4 us-gaap Assets
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CY2022 us-gaap Payments To Acquire Productive Assets
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CY2021 us-gaap Payments To Acquire Productive Assets
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CY2020 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
63700000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
107400000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
113100000 usd
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
112200000 usd
CY2022 itt Serviceand Repair Revenue Percentageof Total
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0.04
CY2022 us-gaap Revenues
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CY2021 us-gaap Revenues
Revenues
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CY2020 us-gaap Revenues
Revenues
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CY2022Q4 us-gaap Property Plant And Equipment Net
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CY2021Q4 us-gaap Property Plant And Equipment Net
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CY2022 us-gaap Revenues
Revenues
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CY2021 us-gaap Revenues
Revenues
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CY2020 us-gaap Revenues
Revenues
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CY2022 itt Maximum Percentage Of Revenue For Which Individual Customer Accounts For
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0.084
CY2021 itt Maximum Percentage Of Revenue For Which Individual Customer Accounts For
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0.098
CY2020 itt Maximum Percentage Of Revenue For Which Individual Customer Accounts For
MaximumPercentageOfRevenueForWhichIndividualCustomerAccountsFor
0.091
CY2021 itt Serviceand Repair Revenue Percentageof Total
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0.03
CY2020 itt Serviceand Repair Revenue Percentageof Total
ServiceandRepairRevenuePercentageofTotal
0.04
CY2022Q4 us-gaap Contract With Customer Asset Net Current
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26300000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
20600000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
1200000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net Noncurrent
ContractWithCustomerAssetNetNoncurrent
300000 usd
CY2022Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
70200000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
46600000 usd
CY2022Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
4400000 usd
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
4400000 usd
CY2022Q4 itt Net Contract Liabilities
NetContractLiabilities
47100000 usd
CY2021Q4 itt Net Contract Liabilities
NetContractLiabilities
30100000 usd
CY2022 itt Net Contract Liability Changefrom Prior Year
NetContractLiabilityChangefromPriorYear
-17000000.0 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
33700000 usd
CY2022Q4 us-gaap Revenue Remaining Performance Obligation
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1079400000 usd
CY2022Q4 us-gaap Capitalized Contract Cost Net
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4500000 usd
CY2021Q4 us-gaap Capitalized Contract Cost Net
CapitalizedContractCostNet
5500000 usd
CY2022 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
1000000.0 usd
CY2021 us-gaap Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
900000 usd
CY2022 us-gaap Severance Costs1
SeveranceCosts1
3500000 usd
CY2021 us-gaap Severance Costs1
SeveranceCosts1
8000000.0 usd
CY2020 us-gaap Severance Costs1
SeveranceCosts1
41500000 usd
CY2022 itt Restructuring Reserve Asset Write Off
RestructuringReserveAssetWriteOff
100000 usd
CY2021 itt Restructuring Reserve Asset Write Off
RestructuringReserveAssetWriteOff
600000 usd
CY2020 itt Restructuring Reserve Asset Write Off
RestructuringReserveAssetWriteOff
0 usd
CY2022 us-gaap Other Restructuring Costs
OtherRestructuringCosts
200000 usd
CY2021 us-gaap Other Restructuring Costs
OtherRestructuringCosts
1000000.0 usd
CY2020 us-gaap Other Restructuring Costs
OtherRestructuringCosts
1500000 usd
CY2022 us-gaap Restructuring Charges
RestructuringCharges
3800000 usd
CY2021 us-gaap Restructuring Charges
RestructuringCharges
9600000 usd
CY2020 us-gaap Restructuring Charges
RestructuringCharges
43000000.0 usd
CY2022 us-gaap Restructuring Charges
RestructuringCharges
3800000 usd
CY2021 us-gaap Restructuring Charges
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9600000 usd
CY2020 us-gaap Restructuring Charges
RestructuringCharges
43000000.0 usd
CY2021Q4 us-gaap Restructuring Reserve
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11000000.0 usd
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
19100000 usd
CY2022 itt Restructuring Costs Gross Before Prior Accrual Adjustments
RestructuringCostsGrossBeforePriorAccrualAdjustments
5100000 usd
CY2021 itt Restructuring Costs Gross Before Prior Accrual Adjustments
RestructuringCostsGrossBeforePriorAccrualAdjustments
11700000 usd
CY2022 us-gaap Restructuring Reserve Accrual Adjustment1
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-1300000 usd
CY2021 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-2100000 usd
CY2022 us-gaap Payments For Restructuring
PaymentsForRestructuring
10500000 usd
CY2021 us-gaap Payments For Restructuring
PaymentsForRestructuring
16500000 usd
CY2022 itt Restructuring Reserve Asset Write Offs
RestructuringReserveAssetWriteOffs
100000 usd
CY2021 itt Restructuring Reserve Asset Write Offs
RestructuringReserveAssetWriteOffs
600000 usd
CY2022 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
-300000 usd
CY2021 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
-600000 usd
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
3900000 usd
CY2021Q4 us-gaap Restructuring Reserve
RestructuringReserve
11000000.0 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
155700000 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
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
306100000 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
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
461800000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
509100000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
85200000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
32600000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
21100000 usd
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9900000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
1200000 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
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CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
54400000 usd
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
50200000 usd
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
50800000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
88200000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
73900000 usd
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
59200000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-200000 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
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
3100000 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
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CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
0 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
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2900000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
115700000 usd
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-43900000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
91100000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
189600000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15300000 usd
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.197 rate
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
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 rate
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 rate
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CY2021Q4 us-gaap Land
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CY2022Q4 us-gaap Construction In Progress Gross
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CY2021Q4 us-gaap Construction In Progress Gross
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CY2022Q4 us-gaap Property Plant And Equipment Other
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3300000 usd
CY2021Q4 us-gaap Property Plant And Equipment Other
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4300000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
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CY2021Q4 us-gaap Property Plant And Equipment Gross
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CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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1136300000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
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CY2021Q4 us-gaap Property Plant And Equipment Net
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CY2022 us-gaap Depreciation
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CY2021 us-gaap Depreciation
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CY2020 us-gaap Depreciation
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CY2020Q4 us-gaap Goodwill
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CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
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CY2021Q4 us-gaap Goodwill
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CY2022 us-gaap Goodwill Acquired During Period
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CY2022Q4 us-gaap Goodwill
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CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
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CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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154600000 usd
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CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2022Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
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CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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CY2022Q4 itt Finite And Infinite Lived Intangible Assets Gross
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287300000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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174500000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
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112800000 usd
CY2021Q4 itt Finite And Infinite Lived Intangible Assets Gross
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240300000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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154600000 usd
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2022 us-gaap Amortization Of Intangible Assets
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20800000 usd
CY2021 us-gaap Amortization Of Intangible Assets
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18900000 usd
CY2020 us-gaap Amortization Of Intangible Assets
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20400000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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19600000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
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CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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13300000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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9500000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
8100000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
29200000 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
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CY2021Q4 us-gaap Employee Related Liabilities Current
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155200000 usd
CY2022Q4 itt Customer Related Liabilities
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CY2021Q4 itt Customer Related Liabilities
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CY2022Q4 us-gaap Accrued Income Taxes Current
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27100000 usd
CY2021Q4 us-gaap Accrued Income Taxes Current
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33600000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
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CY2021Q4 us-gaap Operating Lease Liability Current
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CY2022Q4 us-gaap Product Warranty Accrual Classified Current
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14300000 usd
CY2021Q4 us-gaap Product Warranty Accrual Classified Current
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17700000 usd
CY2022Q4 itt Accrued Environmental And Litigation Liabilities Current
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5700000 usd
CY2021Q4 itt Accrued Environmental And Litigation Liabilities Current
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CY2022Q4 us-gaap Restructuring Reserve Current
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3900000 usd
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CY2022Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
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CY2021Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
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CY2022Q4 us-gaap Deferred Income Taxes And Other Tax Liabilities Noncurrent
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CY2022Q4 us-gaap Long Term Debt Noncurrent
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CY2021Q4 us-gaap Long Term Debt Noncurrent
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24400000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Noncurrent
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24300000 usd
CY2022Q4 us-gaap Other Liabilities Noncurrent
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200200000 usd
CY2021Q4 us-gaap Other Liabilities Noncurrent
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CY2022 us-gaap Operating Lease Cost
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26600000 usd
CY2021 us-gaap Operating Lease Cost
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
21600000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
15400000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
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CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2022 us-gaap Operating Lease Payments
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25900000 usd
CY2021 us-gaap Operating Lease Payments
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23400000 usd
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2022Q4 us-gaap Commercial Paper
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CY2021Q4 us-gaap Commercial Paper
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CY2022Q4 us-gaap Short Term Bank Loans And Notes Payable
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CY2021Q4 us-gaap Short Term Bank Loans And Notes Payable
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CY2022Q4 us-gaap Debt Current
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CY2021Q4 us-gaap Debt Current
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CY2022Q4 us-gaap Long Term Debt And Capital Lease Obligations
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CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
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CY2022Q4 us-gaap Debt And Capital Lease Obligations
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CY2021Q4 us-gaap Debt And Capital Lease Obligations
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CY2022Q4 us-gaap Commercial Paper
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CY2021Q4 us-gaap Commercial Paper
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CY2022Q4 us-gaap Longterm Debt Weighted Average Interest Rate
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CY2022 us-gaap Defined Contribution Plan Cost Recognized
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CY2021 us-gaap Defined Contribution Plan Cost Recognized
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CY2020 us-gaap Defined Contribution Plan Cost Recognized
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CY2022Q4 itt Sharesof Itt Stock Heldin Defined Contribution Plan
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CY2022 itt Active Participants In Numerous Defined Benefit Pension Plans
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CY2022 us-gaap Defined Benefit Plan Plan Amendments
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CY2022Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2021Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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CY2022Q4 us-gaap Defined Benefit Plan Benefit Obligation
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CY2021Q4 us-gaap Defined Benefit Plan Benefit Obligation
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CY2022Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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CY2021Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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PensionandOtherPostretirementDefinedBenefitPlansAssetsNoncurrent
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CY2021Q4 itt Pensionand Other Postretirement Defined Benefit Plans Assets Noncurrent
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CY2022Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
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CY2021Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
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CY2022Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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CY2021Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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CY2022Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
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CY2021Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses Before Tax
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CY2021Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit Before Tax
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CY2022Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
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CY2021Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Before Tax
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CY2021Q4 us-gaap Defined Benefit Plan Benefit Obligation
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CY2020Q4 us-gaap Defined Benefit Plan Benefit Obligation
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CY2022 us-gaap Defined Benefit Plan Service Cost
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CY2022 us-gaap Defined Benefit Plan Interest Cost
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CY2022 us-gaap Defined Benefit Plan Plan Amendments
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CY2022 us-gaap Defined Benefit Plan Actuarial Gain Loss
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CY2021 us-gaap Defined Benefit Plan Actuarial Gain Loss
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CY2022 itt Defined Benefit Plan Benefits And Expenses Paid Including Unfunded Portion
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CY2021 itt Defined Benefit Plan Benefits And Expenses Paid Including Unfunded Portion
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CY2022 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
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CY2021 us-gaap Defined Benefit Plan Foreign Currency Exchange Rate Changes Benefit Obligation
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CY2022Q4 us-gaap Defined Benefit Plan Benefit Obligation
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CY2022 itt Defined Benefit Plan Benefits And Expenses Paid
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CY2021 itt Defined Benefit Plan Benefits And Expenses Paid
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CY2022Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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CY2021Q4 us-gaap Defined Benefit Plan Funded Status Of Plan
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CY2021Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
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CY2022 us-gaap Allocated Share Based Compensation Expense
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CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2022 itt Sharebasedcompensationcostsliabilitybasedawards
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Sharebasedcompensationcostsliabilitybasedawards
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CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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100000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2020 us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2022 us-gaap Proceeds From Stock Options Exercised
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CY2021 us-gaap Proceeds From Stock Options Exercised
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CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4300000 usd
CY2022Q4 itt Aggregate Capital Stock Authorized
AggregateCapitalStockAuthorized
300000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.056
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.880
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.676
CY2022 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
87700000 usd
CY2021 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
76200000 usd
CY2020 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
58900000 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
CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-77400000 usd
CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-77400000 usd
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
28500000 usd
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
28500000 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
CY2021 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-15100000 usd
CY2021 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-15100000 usd
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-57000000.0 usd
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-57000000.0 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
40800000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-280500000 usd
CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-321300000 usd
CY2022 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-44400000 usd
CY2022 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-44400000 usd
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-67400000 usd
CY2022 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-67400000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
-3600000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
-347900000 usd
CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-344300000 usd
CY2020Q1 itt Asbestos Settlement Agreement Cash Proceeds
AsbestosSettlementAgreementCashProceeds
66400000 usd
CY2022 itt Environmental Loss Contingency Statement Of Financial Position Extensible Enumeration Not Disclosed Flag
EnvironmentalLossContingencyStatementOfFinancialPositionExtensibleEnumerationNotDisclosedFlag
estimated current and long-term environmental liability
CY2022Q4 itt Guarantees Letters Of Credit And Similar Arrangements Outstanding
GuaranteesLettersOfCreditAndSimilarArrangementsOutstanding
141700000 usd
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
20100000 usd
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
25400000 usd
CY2022 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
1800000 usd
CY2021 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
4600000 usd
CY2022 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
5200000 usd
CY2021 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
8800000 usd
CY2022 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-500000 usd
CY2021 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-1100000 usd
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
16200000 usd
CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
20100000 usd
CY2022Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
136500000 usd
CY2021Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
24200000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
1700000 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
1900000 usd

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