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ITT Corp's other long-term assets for the quarter that ended in Sep. 2014 was $807 Mil.
ITT Corp's quarterly other long-term assets declined from Mar. 2014 ($869 Mil) to Jun. 2014 ($851 Mil) and declined from Jun. 2014 ($851 Mil) to Sep. 2014 ($807 Mil).
ITT Corp's annual other long-term assets declined from Dec. 2011 ($1,001 Mil) to Dec. 2012 ($685 Mil) but then increased from Dec. 2012 ($685 Mil) to Dec. 2013 ($867 Mil).
Assets are presented on the balance sheet in order of their liquidity. If a company expects to sell or otherwise recognize the economic value of an asset within one year, the asset is generally classified as a current asset on the balance sheet. Cash on hand is a common current asset.
A long-term asset is an asset that a company expects to sell or otherwise recognize the economic value of after more than one year. Property, plant and equipment, and intangible assets are common long-term assets. Except those two items and current assets, the others we treated as "Other Long Term Assets".
ITT Corp Annual Data
|Other Long-Term Assets||1,212||981||699||1,053||974||1,439||1,796||1,001||685||867|
ITT Corp Quarterly Data
|Other Long-Term Assets||950||685||685||681||671||939||867||869||851||807|