ITT Reports Solid Second Quarter and Forecasts Strong Operational Performance for the Full Year

 

ITT CORPORATION AND SUBSIDIARIES
CONSOLIDATED CONDENSED BALANCE SHEETS
(In millions)
(Unaudited)

         
June 30, December 31,
2010 2009
 
Assets
Current Assets:
Cash and cash equivalents

$

844

 

$

1,216

 

Receivables, net 1,829 1,754
Inventories, net 813 802
Current Assets of Discontinued Operations 137 141
Deferred income taxes 233 232
Other current assets (a)   237     206  
Total current assets 4,093 4,351
 
Plant, property and equipment, net 1,037 1,050
Deferred income taxes 504 583
Goodwill 3,953 3,788
Other intangible assets, net 616 501
Asbestos-related assets 579 604
Other non-current assets   233     252  
Total assets $ 11,015   $ 11,129  
 
Liabilities and Shareholders' Equity
Current Liabilities:
Accounts payable $ 1,208 $ 1,273
Accrued expenses (b) 985 1,020
Accrued taxes 13 103
Short-term debt and current maturities of long-term debt 106 75
Postretirement benefits 73 73
Current Liabilities of Discontinued Operations 47 44
Deferred income taxes   42     36  
Total current liabilities 2,474 2,624
 
Postretirement benefits 1,754 1,788
Long-term debt 1,363 1,431
Asbestos-related liabilities 864 867
Other non-current liabilities   538     541  
Total liabilities 6,993 7,251
 
Shareholders' equity   4,022     3,878  
Total liabilities and shareholders' equity $ 11,015   $ 11,129  
 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12  Next Page »



Review Article Be the first to review this article

Harris

Featured Video
Jobs
Product Manager for CHA Consulting, Inc. at Boston, Massachusetts
Software Developer for CHA Consulting, Inc. at Norwell, Massachusetts
GIS Data Analyst for CostQuest Associates, Inc. at Cincinnati, Ohio
Geospatial Analyst/Programmer for LANDIQ at Sacramento, California
Mechanical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Mid-Level Mechanical Engineer for Kiewit at lenexa, Kansas
Upcoming Events
Locate 2018 at Pier 27, The Embarcadero San Francisco CA - May 30 - 31, 2018
2nd WY UAV Symposium at UW Convention Center 2229 Grand Ave LARAMIE WY - May 30 - 31, 2018
GeoIntelligence Asia at NEW DELHI India - Jun 4 - 5, 2018
SPAR 3D & AEC Next Technology Expo + Conference at Anaheim Convention Center Anaheim CA - Jun 5 - 7, 2018
Teledyne Optech
Bentley: -YII 2018 Awards
Interdrone 2018



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise