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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 525.8 $ 389.8
Receivables, net 562.9 629.6
Inventories, net 391.4 311.9
Total current assets 151.8 147.4
Total current assets 1,631.9 1,478.7
Plant, property and equipment, net 500.6 521.7
Goodwill 879.5 886.8
Other intangible assets, net 141.0 156.2
Asbestos-related assets 322.3 304.0
Deferred income taxes 163.6 149.9
Other non-current assets 205.8 202.9
Total non-current assets 2,212.8 2,221.5
Total assets 3,844.7 3,700.2 [1]
Current liabilities:    
Short-term loans and current maturities of long-term debt 146.3 163.6
Accounts payable 334.5 351.4
Accrued liabilities 416.9 384.4
Total current liabilities 897.7 899.4
Asbestos-related liabilities 771.8 800.1
Postretirement benefits 221.9 227.3
Other non-current liabilities 165.5 175.6
Total non-current liabilities 1,159.2 1,203.0
Total liabilities 2,056.9 2,102.4
Shareholders’ equity:    
Issued and outstanding – 87.6 shares and 88.2 shares, respectively 87.6 88.2
Retained earnings 2,065.7 1,856.1
Total accumulated other comprehensive loss (367.7) (348.2)
Total ITT Inc. shareholders’ equity 1,785.6 1,596.1
Noncontrolling interests 2.2 1.7
Total shareholders’ equity 1,787.8 1,597.8
Total liabilities and shareholders’ equity $ 3,844.7 $ 3,700.2
[1] (b)Amounts reflect balances as of December 31, 2017.