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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Operating Activities    
Income from continuing operations attributable to ITT Inc. $ 391.5 $ 319.0
Adjustments to income from continuing operations:    
Depreciation and amortization 100.7 82.8
Equity-based compensation 19.8 15.1
Gain on sale of business (47.8) (7.2)
Other non-cash charges, net 23.8 22.5
Changes in assets and liabilities:    
Change in receivables (93.5) (54.7)
Change in inventories (2.6) (40.9)
Change in contract assets (5.0) 0.5
Change in contract liabilities (1.6) 11.1
Change in accounts payable (11.4) 16.5
Change in accrued expenses (14.1) 29.4
Change in income taxes (15.4) (2.1)
Other, net (5.0) (24.4)
Net Cash – Operating Activities 339.4 367.6
Investing Activities    
Capital expenditures (87.5) (68.5)
Proceeds from sale of business, net of cash divested 162.4 10.5
Acquisitions, net of cash acquired (864.8) (79.3)
Other, net (4.7) (4.7)
Net Cash – Investing Activities (794.6) (142.0)
Financing Activities    
Commercial paper, net borrowings 174.7 (204.3)
Long-term debt issued, net of debt issuance costs 762.4 0.0
Long-term debt repayments (301.3) (1.2)
Share repurchases under repurchase plan (104.0) (60.0)
Payments for taxes related to net share settlement of stock incentive plans (13.2) (6.7)
Dividends paid (78.7) (71.9)
Other, net (7.9) (1.1)
Net Cash – Financing Activities 432.0 (345.2)
Exchange rate effects on cash and cash equivalents (4.4) (10.4)
Net cash – operating activities of discontinued operations (0.4) (0.2)
Net change in cash and cash equivalents (28.0) (130.2)
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 $1.0 and $0.9, respectively) 461.9 431.7
Supplemental Disclosures of Cash Flow and Non-Cash Information:    
Cash paid for interest 21.3 12.3
Cash paid for income taxes, net of refunds received 106.8 72.0
Capital expenditures included in current liabilities $ 23.0 $ 16.3