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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Operating Activities    
Income from continuing operations attributable to ITT Inc. $ 230.2 $ 208.2
Adjustments to income from continuing operations:    
Depreciation and amortization 66.0 53.8
Equity-based compensation 13.7 10.1
Gain on sale of business 0.0 (7.2)
Other non-cash charges, net 15.7 16.6
Changes in assets and liabilities:    
Change in receivables (60.4) (58.6)
Change in inventories (5.1) (31.4)
Change in contract assets (20.7) (2.9)
Change in contract liabilities 15.5 12.0
Change in accounts payable 8.2 8.9
Change in accrued expenses (26.1) 15.5
Change in income taxes (13.6) (8.1)
Other, net (7.9) (19.1)
Net Cash – Operating Activities 215.5 197.8
Investing Activities    
Capital expenditures (50.9) (46.3)
Proceeds from sale of business 0.0 10.5
Acquisitions, net of cash acquired (407.5) (79.3)
Other, net (2.2) (4.7)
Net Cash – Investing Activities (460.6) (119.8)
Financing Activities    
Commercial paper, net borrowings 169.5 (61.0)
Long-term debt issued, net of debt issuance costs 299.1 0.0
Long-term debt, repayments (109.3) (1.1)
Share repurchases under repurchase plan (79.0) (60.0)
Payments for taxes related to net share settlement of stock incentive plans (12.8) (6.4)
Dividends paid (52.6) (48.1)
Other, net (1.1) 0.3
Net Cash – Financing Activities 213.8 (176.3)
Exchange rate effects on cash and cash equivalents (17.2) (0.4)
Net cash – operating activities of discontinued operations (0.1) (0.2)
Net change in cash and cash equivalents (48.6) (98.9)
Less: Cash classified within current assets held for sale (14.9)  
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 $0.9 and $0.9, respectively) 426.4 463.0
Supplemental Disclosures of Cash Flow and Non-Cash Information:    
Cash paid for interest 13.7 8.5
Cash paid for income taxes, net of refunds received 69.8 52.8
Capital expenditures included in accounts payable $ 22.4 $ 14.0