{"schema_version":"secwatch.filing_event.v1","accession":"0000216228-21-000032","form_type":"8-K","ticker":"ITT","cik":"0000216228","company_name":"ITT INC.","filed_at":"2021-07-01T23:59:59+00:00","discovered_at":"2026-05-14T18:04:20.221073+00:00","generated_at":"2026-06-30T08:12:59.179491+00:00","sec_items":["1.01","2.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"ITT divests legacy asbestos liabilities to Warburg Pincus affiliate; expects ~$27M after-tax loss","bullets":["Transferred 100% of InTelCo equity to Delticus (Warburg Pincus portfolio) for $398M cash contribution; no asbestos liabilities retained.","Estimated one-time after-tax loss of ~$27M in Q2 2021, excluded from adjusted EPS; balance sheet removes $818.3M liabilities and $330.8M insurance assets.","Pro forma shows removal of ~$95M in annual asbestos-related costs (2020); $150M commercial paper borrowings at 21 bps partially funded deal.","Indemnification from Buyer for asbestos and product liabilities has no cap or time limit; solvency opinion confirmed InTelCo adequately capitalized post-sale."],"urls":{"canonical":"https://secwatch.observer/filing/0000216228-21-000032","json":"https://secwatch.observer/filing/0000216228-21-000032.json","markdown":"https://secwatch.observer/filing/0000216228-21-000032.md","text":"https://secwatch.observer/filing/0000216228-21-000032.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/216228/000021622821000032/0000216228-21-000032-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/216228/000021622821000032/itt-20210701.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-30T08:12:59.179491+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}