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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Operating Activities    
Income from continuing operations attributable to ITT Inc. $ 111.0 $ 100.0
Adjustments to income from continuing operations:    
Depreciation and amortization 33.6 26.7
Equity-based compensation 7.0 4.7
Other non-cash charges, net 8.1 7.5
Changes in assets and liabilities:    
Change in receivables (67.7) (34.7)
Change in inventories (1.0) (29.1)
Change in contract assets (13.5) (2.0)
Change in contract liabilities 3.3 2.9
Change in accounts payable 15.0 1.8
Change in accrued expenses (44.5) (10.8)
Change in income taxes 10.1 3.7
Other, net (3.6) (12.6)
Net Cash – Operating Activities 57.8 58.1
Investing Activities    
Capital expenditures (27.7) (28.7)
Acquisitions, net of cash acquired (407.6) 0.0
Other, net 0.0 0.2
Net Cash – Investing Activities (435.3) (28.5)
Financing Activities    
Commercial paper, net borrowings 134.7 (72.8)
Long-term debt issued, net of debt issuance costs 299.1 0.0
Long-term debt, repayments (70.5) 0.0
Share repurchases under repurchase plan 0.0 (30.0)
Payments for taxes related to net share settlement of stock incentive plans (12.5) (6.3)
Dividends paid (26.5) (24.2)
Other, net (0.9) 0.4
Net Cash – Financing Activities 323.4 (132.9)
Exchange rate effects on cash and cash equivalents (12.0) 4.3
Net cash – operating activities of discontinued operations (0.1) (0.1)
Net change in cash and cash equivalents (66.2) (99.1)
Cash and cash equivalents – beginning of year (includes restricted cash of $0.7 and $0.7, respectively) 489.9 561.9
Cash and Cash Equivalents – End of Period (includes restricted cash of $0.7 and $0.8, respectively) 423.7 462.8
Cash paid during the year for:    
Cash paid for interest 3.7 4.2
Cash paid for income taxes, net of refunds received 16.3 13.2
Capital Expenditures Incurred but Not yet Paid $ 17.5 $ 10.3