CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions		Jul. 01, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents		$ 462.1	$ 561.2
Receivables, net		689.3	628.8
Inventories	[1]	573.2	533.9
Other current assets		104.6	112.9
Total current assets		1,829.2	1,836.8
Non-current assets:
Plant, property and equipment, net		528.7	526.8
Goodwill		1,009.3	964.8
Other intangible assets, net		136.2	112.8
Other non-current assets		382.0	339.1
Total non-current assets		2,056.2	1,943.5
Total assets		3,885.4	3,780.3
Current liabilities:
Commercial paper and current maturities of long-term debt		396.5	451.0
Accounts payable		406.3	401.1
Accrued and other current liabilities		371.3	333.4
Total current liabilities		1,174.1	1,185.5
Non-current liabilities:
Postretirement benefits		137.5	137.2
Other non-current liabilities		216.2	200.2
Total non-current liabilities		353.7	337.4
Total liabilities		1,527.8	1,522.9
Common stock: [Abstract]
Issued and outstanding – 82.1 shares and 82.7 shares, respectively		82.1	82.7
Retained earnings		2,614.0	2,509.7
Accumulated other comprehensive income (loss): [Abstract]
Postretirement benefits		2.9	3.6
Cumulative translation adjustments		(352.1)	(347.9)
Accumulated other comprehensive income (loss):		(349.2)	(344.3)
Total ITT Inc. shareholders’ equity		2,346.9	2,248.1
Noncontrolling interests		10.7	9.3
Total shareholders’ equity		2,357.6	2,257.4
Total liabilities and shareholders’ equity		$ 3,885.4	$ 3,780.3

[1] We recorded inventory write-downs of $1.2 and $5.7 related to inventories held by entities impacted by the Russia-Ukraine war during the six months ended July 1, 2023 and July 2, 2022, respectively. See Note 1, Description of Business and Basis of Presentation, for further information.