XML 55 R45.htm IDEA: XBRL DOCUMENT
v3.23.3

DEBT Debt (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Debt Table | The following table summarizes our outstanding debt obligations.
As of the Period Ended | September 30, 2023 |  | December 31, 2022
Commercial paper | $ | 242.7 |  |  | $ | 448.3 |
Current maturities of long-term debt and finance leases | 2.2 |  |  | 2.2 |
Other short-term notes payable | 0.5 |  |  | 0.5 |
Commercial paper and current maturities of long-term debt | 245.4 |  |  | 451.0 |
Non-current maturities of long-term debt(a) | 6.5 |  |  | 7.7 |
Total debt and finance leases | $ | 251.9 |  |  | $ | 458.7 |
(a) Our long-term debt is primarily related to outstanding Italian government loans.
Schedule of Outstanding Commercial Paper | The following table presents our outstanding commercial paper borrowings and associated weighted average interest rates as of September 30, 2023 and December 31, 2022.
As of the Period Ended | September 30, 2023 |  | December 31, 2022
Commercial Paper Outstanding - U.S. Program | $ | 5.0 |  |  | $ | 299.2 |
Commercial Paper Outstanding - Euro Program | 237.7 |  |  | 149.1 |
Total Commercial Paper Outstanding | $ | 242.7 |  |  | $ | 448.3 |
Weighted Average Interest Rate - U.S. Program | 5.53 | % |  | 4.92 | %
Weighted Average Interest Rate - Euro Program | 4.25 | % |  | 2.31 | %

X
- Definition Schedule of Outstanding Commercial Paper + References No definition available. + Details
Name: | itt_ScheduleOfOutstandingCommercialPaperTableTextBlock
Namespace Prefix: | itt_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration