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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Operating Activities    
Income from continuing operations attributable to ITT Inc. $ 108.4 $ 111.5
Adjustments to income from continuing operations:    
Depreciation and amortization 37.2 33.6
Equity-based compensation 7.9 7.0
Other non-cash charges, net 6.3 8.1
Changes in assets and liabilities:    
Change in receivables (43.2) (67.7)
Change in inventories (5.6) (1.7)
Change in contract assets (6.6) (13.5)
Change in contract liabilities 15.9 3.3
Change in accounts payable 16.5 15.0
Change in accrued expenses (31.7) (44.5)
Change in income taxes 11.8 10.3
Other, net (3.5) (3.6)
Net Cash – Operating Activities 113.4 57.8
Investing Activities    
Capital expenditures (36.8) (27.7)
Acquisitions, net of cash acquired (1.9) (407.6)
Other, net (2.0) 0.0
Net Cash – Investing Activities (40.7) (435.3)
Financing Activities    
Commercial paper, net borrowings 291.8 134.7
Long-term debt issued, net of debt issuance costs 0.0 299.1
Long-term debt repayments (229.3) (70.5)
Share repurchases under repurchase plan (100.0) 0.0
Payments for taxes related to net share settlement of stock incentive plans (13.0) (12.5)
Dividends paid (28.7) (26.5)
Other, net (0.7) (0.9)
Net Cash – Financing Activities (79.9) 323.4
Exchange rate effects on cash and cash equivalents 7.9 (12.0)
Net cash – operating activities of discontinued operations 0.0 (0.1)
Net change in cash and cash equivalents 0.7 (66.2)
Cash and cash equivalents – beginning of year (includes restricted cash of $0.7 and $0.7, respectively) 440.0 489.9
Cash and Cash Equivalents – End of Period (includes restricted cash of $0.9 and $0.7, respectively) 440.7 423.7
Supplemental Disclosures of Cash Flow and Non-Cash Information:    
Cash paid for interest 9.1 3.7
Cash paid for income taxes, net of refunds received 17.6 16.3
Capital expenditures included in current liabilities $ 13.9 $ 17.5