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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Oct. 01, 2022
Operating Activities    
Income from continuing operations attributable to ITT Inc. $ 319.0 $ 253.1
Adjustments to income from continuing operations:    
Depreciation and amortization 82.8 81.5
Equity-based compensation 15.1 13.6
Gain on sale of business (7.2) 0.0
Other non-cash charges, net 22.5 20.2
Changes in assets and liabilities:    
Change in receivables (54.7) (120.8)
Change in inventories (40.9) (111.3)
Change in contract assets 0.5 (15.6)
Change in contract liabilities 11.1 24.4
Change in accounts payable 16.5 54.0
Change in accrued expenses 29.4 (30.6)
Change in income taxes (2.1) (12.1)
Other, net (24.4) (41.2)
Net Cash – Operating Activities 367.6 115.2
Investing Activities    
Capital expenditures (68.5) (73.7)
Proceeds from Sales of Business, Affiliate and Productive Assets 10.5 0.0
Acquisitions, net of cash acquired (79.3) (146.9)
Payments to acquire interest in unconsolidated subsidiaries (1.4) (25.6)
Other, net (3.3) 1.4
Net Cash – Investing Activities (142.0) (244.8)
Financing Activities    
Commercial paper, net borrowings (204.3) 363.1
Share repurchases under repurchase plan (60.0) (245.6)
Payments for taxes related to net share settlement of stock incentive plans (6.7) (8.5)
Dividends paid (71.9) (66.1)
Other, net (2.3) 0.1
Net Cash – Financing Activities (345.2) 43.0
Exchange rate effects on cash and cash equivalents (10.4) (46.3)
Net cash – operating activities of discontinued operations (0.2) (0.1)
Net change in cash and cash equivalents (130.2) (133.0)
Cash and cash equivalents – beginning of year (includes restricted cash of $0.7 and $0.8, respectively) 561.9 648.3
Cash and Cash Equivalents – End of Period (includes restricted cash of $0.9 and $0.8, respectively) 431.7 515.3
Cash paid during the year for:    
Interest 12.3 5.7
Income taxes, net of refunds received $ 72.0 $ 63.5