CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 415.7	$ 584.0
Receivables, net	584.9	500.1
Inventories, net	292.7	302.3
Other current assets	204.4	249.8
Total current assets	1,497.7	1,636.2
Plant, property and equipment, net	443.5	443.9
Goodwill	778.3	632.1
Other intangible assets, net	187.2	91.4
Asbestos-related assets	337.5	374.0
Deferred income taxes	326.1	304.1
Other non-current assets	153.3	149.8
Total non-current assets	2,225.9	1,995.3
Total assets	3,723.6	3,631.5
Current liabilities:
Short-term loans and current maturities of long-term debt	245.7	1.5
Accounts payable	314.7	309.6
Accrued liabilities	392.7	464.3
Total current liabilities	953.1	775.4
Asbestos-related liabilities	954.8	1,116.6
Postretirement benefits	260.4	249.7
Other non-current liabilities	189.9	269.5
Total non-current liabilities	1,405.1	1,635.8
Total liabilities	2,358.2	2,411.2
Shareholders’ Equity:
Common stock: authorized – 250 shares, $1 par value per share; issued 104.5 and 104.3, respectively; outstanding 89.5 and 91.0, respectively	89.5	91.0
Retained earnings	1,696.7	1,445.1
Accumulated other comprehensive loss:
Postretirement benefit plans	(153.7)	(144.2)
Cumulative translation adjustments	(270.1)	(176.7)
Unrealized loss on investment securities	(0.3)	(0.3)
Total ITT Corporation shareholders' equity	1,362.1	1,214.9
Noncontrolling interests	3.3	5.4
Total shareholders’ equity	1,365.4	1,220.3
Total liabilities and shareholders’ equity	$ 3,723.6	3,631.5
Retained Earnings [Member]
Shareholders’ Equity:
Retained earnings		1,445.1
Noncontrolling Interest [Member]
Accumulated other comprehensive loss:
Noncontrolling interests		$ 5.4