CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 433.3	$ 415.7
Receivables, net	625.1	584.9
Inventories, net	299.3	292.7
Total current assets	170.1	204.4
Total current assets	1,527.8	1,497.7
Plant, property and equipment, net	437.9	443.5
Goodwill	788.3	778.3
Other intangible assets, net	171.8	187.2
Asbestos-related assets	316.4	337.5
Deferred income taxes	326.2	326.1
Other non-current assets	181.9	153.3
Total non-current assets	2,222.5	2,225.9
Total assets	3,750.3	3,723.6	[1]
Current liabilities:
Short-term loans and current maturities of long-term debt	219.0	245.7
Accounts payable	310.0	314.7
Accrued liabilities	387.3	392.7
Total current liabilities	916.3	953.1
Asbestos-related liabilities	950.6	954.8
Postretirement benefits	257.3	260.4
Other non-current liabilities	209.3	189.9
Total non-current liabilities	1,417.2	1,405.1
Total liabilities	2,333.5	2,358.2
Shareholders’ equity:
Outstanding – 89.6 shares and 89.5 shares, respectively	89.6	89.5
Retained earnings	1,734.6	1,696.7
Total accumulated other comprehensive loss	(409.0)	(424.1)
Total ITT Inc. shareholders' equity	1,415.2	1,362.1
Noncontrolling interests	1.6	3.3
Total shareholders’ equity	1,416.8	1,365.4
Total liabilities and shareholders’ equity	$ 3,750.3	$ 3,723.6

[1] Amounts reflect balances as of December 31, 2015.