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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 28, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Revenue $ 885.2 $ 822.1 $ 2,701.7 $ 2,453.9
Cost of revenue 571.2 542.7 1,770.8 1,632.6
Gross profit 314.0 279.4 930.9 821.3
General and administrative expenses 74.8 66.9 223.1 210.8
Sales and marketing expenses 50.5 44.4 151.2 131.2
Research and development expenses 28.6 25.0 88.3 77.1
Gain on sale of business (47.8) 0.0 (47.8) (7.2)
Operating income 207.9 143.1 516.1 409.4
Interest expense 10.0 4.2 25.1 15.4
Interest income (1.6) (1.9) (5.0) (6.5)
Other non-operating income, net (0.2) (0.9) (1.9) (1.5)
Income before income tax expense 199.7 141.7 497.9 402.0
Income tax expense 37.8 29.9 103.6 80.6
Income from continuing operations 161.9 111.8 394.3 321.4
Net income 161.7 111.8 394.1 321.4
Less: Income attributable to noncontrolling interests 0.6 1.0 2.8 2.4
Net income attributable to ITT Inc. 161.1 110.8 391.3 319.0
Amounts attributable to ITT Inc.:        
Income from continuing operations 161.3 110.8 391.5 319.0
Loss from discontinued operations, net of tax (0.2) 0.0 (0.2) 0.0
Net income attributable to ITT Inc. $ 161.1 $ 110.8 $ 391.3 $ 319.0
Basic: [Abstract]        
Continuing operations $ 1.98 $ 1.35 $ 4.78 $ 3.87
Discontinued operations (0.01) 0 0 0
Net income 1.97 1.35 4.78 3.87
Diluted: [Abstract]        
Continuing operations 1.96 1.34 4.75 3.86
Discontinued operations 0 0 0 0
Net income $ 1.96 $ 1.34 $ 4.75 $ 3.86
Weighted average common shares – basic 81.6 82.1 81.9 82.4
Weighted average common shares – diluted 82.1 82.5 82.4 82.7