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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 504.9 $ 584.0
Receivables, net 567.8 500.1
Inventories, net 299.7 302.3
Total current assets 198.7 249.8
Total current assets 1,571.1 1,636.2
Plant, property and equipment, net 414.4 443.9
Goodwill 622.7 632.1
Other intangible assets, net 106.6 91.4
Asbestos-related assets 342.4 374.0
Deferred income taxes 272.5 304.1
Other non-current assets 148.6 149.8
Total non-current assets 1,907.2 1,995.3
Total assets 3,478.3 3,631.5 [1]
Current liabilities:    
Commercial paper 10.5 0.0
Accounts payable 291.9 309.6
Accrued liabilities 414.8 465.8
Total current liabilities 717.2 775.4
Asbestos-related liabilities 961.2 1,116.6
Postretirement benefits 238.8 249.7
Other non-current liabilities 194.2 269.5
Total non-current liabilities 1,394.2 1,635.8
Total liabilities 2,111.4 2,411.2
Shareholders’ equity:    
Outstanding – 89.5 shares and 91.0 shares, respectively 89.5 91.0
Retained earnings 1,665.3 1,445.1
Total accumulated other comprehensive loss (391.5) (321.2)
Total ITT Corporation shareholders' equity 1,363.3 1,214.9
Noncontrolling interests 3.6 5.4
Total shareholders’ equity 1,366.9 1,220.3
Total liabilities and shareholders’ equity $ 3,478.3 $ 3,631.5
[1] Amounts reflect balances as of December 31, 2014.