CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 1,742.9	$ 439.3
Receivables, net	756.1	703.0
Inventories	671.9	612.3
Other current assets	183.4	131.2
Total current assets	3,354.3	1,885.8
Non-current assets:
Plant, property and equipment, net	627.0	577.2
Goodwill(a)	1,511.2	1,430.1
Other intangible assets, net	432.6	454.1
Other non-current assets	385.3	384.1
Total non-current assets	2,956.1	2,845.5
Total assets	6,310.4	4,731.3
Current liabilities:
Short-term borrowings	261.3	427.6
Accounts payable	465.0	458.4
Accrued and other current liabilities	572.0	447.2
Total current liabilities	1,298.3	1,333.2
Non-current liabilities:
Non-current maturities of long-term debt	521.5	232.6
Postretirement benefits	120.0	119.0
Other non-current liabilities	279.3	260.7
Total non-current liabilities	920.8	612.3
Total liabilities	2,219.1	1,945.5
Shareholders’ equity:
Common Stock: Authorized 250.0 shares, $1 par value per share, Issued and Outstanding 85.9 and 81.5, respectively	85.9	81.5
Capital in excess of par value	1,313.9	0.0
Retained earnings	2,987.1	3,115.6
Accumulated other comprehensive loss:
Postretirement benefits	0.0	3.2
Cumulative translation adjustments	(302.5)	(421.5)
Total accumulated other comprehensive loss	(302.5)	(418.3)
Total ITT Inc. shareholders' equity	4,084.4	2,778.8
Noncontrolling interests	6.9	7.0
Total shareholders’ equity	4,091.3	2,785.8
Total liabilities and shareholders’ equity	$ 6,310.4	$ 4,731.3

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).