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ITT Corp's quarterly accounts payable & accrued expense increased from Sep. 2015 ($707 Mil) to Dec. 2015 ($707 Mil) but then declined from Dec. 2015 ($707 Mil) to Mar. 2016 ($679 Mil).
ITT Corp's annual accounts payable & accrued expense increased from Dec. 2012 ($610 Mil) to Dec. 2013 ($614 Mil) and increased from Dec. 2013 ($614 Mil) to Dec. 2014 ($774 Mil).
Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.
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
|Accounts Payable & Accrued Expense||1,874||2,365||2,325||2,431||2,722||832||610||614||774||707|
ITT Corp Quarterly Data
|Accounts Payable & Accrued Expense||614||805||816||814||774||721||747||707||707||679|