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ITT Corp's quarterly accounts payable declined from Jun. 2013 ($842 Mil) to Sep. 2013 ($712 Mil) and declined from Sep. 2013 ($712 Mil) to Dec. 2013 ($614 Mil).
ITT Corp's annual accounts payable declined from Dec. 2011 ($614 Mil) to Dec. 2012 ($603 Mil) but then increased from Dec. 2012 ($603 Mil) to Dec. 2013 ($614 Mil).
Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.
It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.
* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.
ITT Corp Annual Data
ITT Corp Quarterly Data