---
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"
generated_at: "2026-06-30T08:12:59.179491+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# ITT divests legacy asbestos liabilities to Warburg Pincus affiliate; expects ~$27M after-tax loss

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000216228-21-000032
- JSON: https://secwatch.observer/filing/0000216228-21-000032.json
- Plain text: https://secwatch.observer/filing/0000216228-21-000032.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.