CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 647.5	$ 859.8
Receivables, net	555.1	507.5
Inventories, net	430.9	360.5
Other current assets	88.6	189.5
Total current assets	1,722.1	1,917.3
Plant, property and equipment, net	509.1	525.1
Goodwill	924.3	944.8
Other intangible assets, net	85.7	106.4
Asbestos-related assets	0.0	353.7
Deferred income taxes	63.4	158.3
Other non-current assets	260.8	272.0
Total non-current assets	1,843.3	2,360.3
Total assets	3,565.4	4,277.6
Current liabilities:
Commercial paper and current maturities of long-term debt	197.6	106.8
Accounts payable	373.4	306.8
Accrued liabilities	357.3	457.4
Total current liabilities	928.3	871.0
Asbestos-related liabilities	0.0	840.6
Postretirement benefits	199.9	227.5
Other non-current liabilities	206.5	210.6
Total non-current liabilities	406.4	1,278.7
Total liabilities	1,334.7	2,149.7
Shareholders’ equity:
Common Stock: Authorized 250.0 shares, $1 par value per share, Issued and Outstanding 85.5 and 86.5, respectively	85.5	86.5
Retained earnings	2,461.6	2,319.3
Accumulated other comprehensive loss:
Postretirement benefit plans	(40.8)	(55.9)
Cumulative translation adjustments	(280.5)	(223.5)
Total ITT Inc. shareholders' equity	2,225.8	2,126.4
Noncontrolling interests	4.9	1.5
Total shareholders’ equity	2,230.7	2,127.9
Total liabilities and shareholders’ equity	$ 3,565.4	$ 4,277.6