CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Jul. 02, 2022		Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 525.7		$ 647.5
Receivables, net	605.7		555.1
Inventories, net	535.2	[1]	430.9
Other current assets	109.8		88.6
Total current assets	1,776.4		1,722.1
Non-current assets:
Plant, property and equipment, net	501.2		509.1
Goodwill	963.8		924.3
Other intangible assets, net	121.7		85.7
Other non-current assets	336.8		324.2
Total non-current assets	1,923.5		1,843.3
Total assets	3,699.9		3,565.4
Current liabilities:
Commercial paper and current maturities of long-term debt	551.4		197.6
Accounts payable	418.1		373.4
Accrued liabilities	333.9		357.3
Total current liabilities	1,303.4		928.3
Non-current liabilities:
Postretirement benefits	190.9		199.9
Other non-current liabilities	189.0		206.5
Total non-current liabilities	379.9		406.4
Total liabilities	1,683.3		1,334.7
Shareholders’ equity:
Issued and outstanding – 82.7 shares and 85.5 shares, respectively	82.7		85.5
Retained earnings	2,329.9		2,461.6
Total accumulated other comprehensive loss	(404.3)		(321.3)
Noncontrolling interests	8.3		4.9
Total shareholders’ equity	2,016.6		2,230.7
Total ITT Inc. shareholders’ equity	2,008.3		2,225.8
Total liabilities and shareholders’ equity	$ 3,699.9		$ 3,565.4

[1] During the six months ended July 2, 2022, we recorded inventory reserves of $5.7 related to inventories held by entities impacted by the Russia-Ukraine conflict. See Note 1, Description of Business and Basis of Presentation, for further information.