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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Revenue $ 3,630.7 $ 3,283.0 $ 2,987.7
Costs of revenue 2,383.4 2,175.7 2,065.4
Gross profit 1,247.3 1,107.3 922.3
General and administrative expenses 296.6 294.5 217.2
Sales and marketing expenses 205.7 174.0 156.9
Research and development expenses 116.3 102.6 96.5
(Gain) loss on sale of businesses 47.8 (8.1) 0.0
Gain (Loss) on Disposition of Property Plant Equipment 0.5 (0.1) (16.3)
Operating income 676.0 528.2 468.0
Interest expense 36.6 19.2 10.9
Interest income 6.6 8.8 4.5
Other non-operating income, net (1.6) (1.7) (0.2)
Income from continuing operations before income tax 647.6 519.5 461.8
Income tax expense 125.8 104.8 91.1
Income from continuing operations 521.8 414.7 370.7
Loss from discontinued operations, net of tax benefit of $—, $0.3, and $0.4, respectively (0.1) (0.9) (1.3)
Net income 521.7 413.8 369.4
Less: Income attributable to noncontrolling interests 3.4 3.3 2.4
Net income attributable to ITT Inc. 518.3 410.5 367.0
Amounts attributable to ITT Inc.:      
Income from continuing operations, net of tax 518.4 411.4 368.3
Loss from discontinued operations, net of tax (0.1) (0.9) (1.3)
Net income attributable to ITT Inc. $ 518.3 $ 410.5 $ 367.0
Basic:      
Continuing operations $ 6.34 $ 5.00 $ 4.42
Discontinued operations 0 (0.01) (0.02)
Net income 6.34 4.99 4.40
Diluted:      
Continuing operations 6.30 4.97 4.40
Discontinued operations 0 (0.01) (0.02)
Net income $ 6.30 $ 4.96 $ 4.38
Weighted average common shares – basic 81.8 82.3 83.4
Weighted average common shares – diluted 82.3 82.7 83.7