XML 52 R39.htm IDEA: XBRL DOCUMENT
v3.22.1

RECEIVABLES, NET (Tables) | 3 Months Ended
--- | ---
Apr. 02, 2022
Receivables [Abstract] |
Receivables, Net by Type Table | The following table summarizes our receivables and associated allowance for credit losses.
| April 2, 2022 |  | December 31, 2021
Trade accounts receivable |  | $ | 597.3 |  |  |  |  | $ | 530.4 |  |
Notes receivable |  | 18.4 |  |  |  |  | 19.2 |  |
Other |  | 15.5 |  |  |  |  | 17.5 |  |
Receivables, gross |  | 631.2 |  |  |  |  | 567.1 |  |
Less: Allowance for credit losses - receivables(a) |  | (15.4) |  |  |  |  | (12.0) |  |
Receivables, net |  | $ | 615.8 |  |  |  |  | $ | 555.1 |  |
Allowance for Credit Losses Table | The following table displays our allowance for credit losses for receivables and contract assets.
| April 2, 2022 |  | December 31, 2021
Allowance for credit losses - receivables(a) |  | $ | 15.4 |  |  |  |  | $ | 12.0 |  |
Allowance for credit losses - contract assets |  | 0.5 |  |  |  |  | 0.5 |  |
Total allowance for credit losses |  | $ | 15.9 |  |  |  |  | $ | 12.5 |  |
Allowance for Credit Losses Rollforward Table | The following table displays a rollforward of our total allowance for credit losses.
| April 2, 2022 | April 3, 2021
Total allowance for credit losses - January 1 |  | $ | 12.5 |  |  |  | $ | 15.6 |  |
Charges (recoveries) to income(a) |  | 3.8 |  |  |  | (0.2) |  |
Write-offs |  | (0.3) |  |  |  | (0.1) |  |
Foreign currency and other |  | (0.1) |  |  |  | (0.1) |  |
Total allowance for credit losses - ending balance |  | $ | 15.9 |  |  |  | $ | 15.2 |  |

X
- Definition Allowance for Credit Losses Rollforward [Table Text Block] + References No definition available. + Details
Name: | itt_AllowanceforCreditLossesRollforwardTableTextBlock
Namespace Prefix: | itt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
Name: | us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration