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CONSOLIDATED CONDENSED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 517.7 $ 544.5
Receivables, net 499.3 440.3
Inventories, net 308.5 304.2
Other current assets 245.1 251.4
Total current assets 1,570.6 1,540.4
Plant, property and equipment, net 367.4 373.1
Goodwill 646.3 651.4
Other intangible assets, net 110.9 123.3
Asbestos-related assets 493.4 525.3
Other non-current assets 177.2 172.6
Total non-current assets 1,795.2 1,845.7
Total assets 3,365.8 3,386.1 [1]
Current liabilities:    
Accounts payable 364.1 347.0
Accrued and other current liabilities 477.4 458.3
Total current liabilities 841.5 805.3
Asbestos-related liabilities 1,243.3 1,255.0
Postretirement benefits 329.9 330.3
Other non-current liabilities 290.6 292.3
Total non-current liabilities 1,863.8 1,877.6
Total liabilities 2,705.3 2,682.9
Shareholders’ equity:    
Common stock 90.3 [2] 91.9 [2]
Retained earnings 872.6 898.8
Total accumulated other comprehensive loss (306.8) (287.5)
Total ITT Corporation shareholders' equity 656.1 703.2
Noncontrolling interests 4.4 0
Total shareholders' equity 660.5 703.2
Total liabilities and shareholders' equity $ 3,365.8 $ 3,386.1
[1] Amounts reflect balances as of December 31, 2012.
[2] Shares issued and outstanding include unvested restricted common stock of 0.2 at December 31, 2012. Shares issued and outstanding do not included any unvested restricted common stock as of June 30, 2013.