CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Oct. 01, 2022		Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 514.5		$ 647.5
Receivables, net	628.9		555.1
Inventories	525.1	[1]	430.9
Other current assets	117.1		88.6
Total current assets	1,785.6		1,722.1
Non-current assets:
Plant, property and equipment, net	491.5		509.1
Goodwill	947.6		924.3
Other intangible assets, net	116.3		85.7
Other non-current assets	349.2		324.2
Total non-current assets	1,904.6		1,843.3
Total assets	3,690.2		3,565.4
Current liabilities:
Commercial paper and current maturities of long-term debt	541.4		197.6
Accounts payable	390.7		373.4
Accrued liabilities	337.0		357.3
Total current liabilities	1,269.1		928.3
Non-current liabilities:
Postretirement benefits	170.2		199.9
Other non-current liabilities	185.4		206.5
Total non-current liabilities	355.6		406.4
Total liabilities	1,624.7		1,334.7
Shareholders’ equity:
Issued and outstanding – 82.7 shares and 85.5 shares, respectively	82.7		85.5
Retained earnings	2,411.8		2,461.6
Total accumulated other comprehensive loss	(437.5)		(321.3)
Noncontrolling interests	8.5		4.9
Total shareholders’ equity	2,065.5		2,230.7
Total ITT Inc. shareholders’ equity	2,057.0		2,225.8
Total liabilities and shareholders’ equity	$ 3,690.2		$ 3,565.4

[1] During the nine months ended October 1, 2022, we recorded inventory write-downs of $5.6 related to inventories held by entities impacted by the Russia-Ukraine war. See Note 1, Description of Business and Basis of Presentation, for further information.