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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Oct. 02, 2021
Sep. 26, 2020
Operating Activities    
Income from continuing operations attributable to ITT Inc. $ 211.8 $ 82.1
Adjustments to income from continuing operations:    
Depreciation and amortization 85.3 82.0
Equity-based compensation 11.8 9.7
Asbestos-related costs (benefit), net (74.4) 116.7
Asset impairment charges 0.0 16.3
Other non-cash charges, net 17.9 33.5
Asbestos-related payments, net (14.9) (8.9)
Divestiture of asbestos-related assets and liabilities (398.0) 0.0
Changes in assets and liabilities:    
Change in receivables (63.0) 77.8
Change in inventories (62.6) 13.8
Change in accounts payable 48.1 (34.8)
Change in accrued expenses 9.5 17.3
Change in income taxes 129.4 (63.9)
Other, net (28.8) (23.5)
Net Cash – Operating Activities (127.9) 318.1
Investing Activities    
Capital expenditures (52.6) (47.6)
Other, net (1.3) (2.8)
Net Cash – Investing Activities (53.9) (50.4)
Financing Activities    
Commercial paper, net borrowings 95.4 30.7
Short-term revolving loans, borrowings 0.0 495.8
Short-term revolving loans, repayments 0.0 (524.7)
Long-term debt, issued 0.0 1.5
Long-term debt, repayments (1.3) (1.3)
Repurchase of common stock (111.7) (83.9)
Dividends paid (57.0) (29.7)
Other, net 0.4 1.7
Net Cash – Financing Activities (74.2) (109.9)
Exchange rate effects on cash and cash equivalents (18.5) 12.2
Net cash – operating activities of discontinued operations 0.7 0.2
Net change in cash and cash equivalents (273.8) 170.2
Cash and cash equivalents – beginning of year (includes restricted cash of $0.8 and $0.8, respectively) 860.6 612.9
Cash and Cash Equivalents – End of Period (includes restricted cash of $1.0 and $0.8, respectively) 586.8 783.1
Cash paid during the year for:    
Interest 3.3 2.6
Income taxes, net of refunds received $ 50.2 $ 40.9