ACQUISITIONS Acquisitions (Tables)

3 Months Ended

Apr. 04, 2026

Acquisitions [Abstract]

Business Combination, Consideration Transferred, Equity Interest

The following table summarizes the preliminary purchase consideration transferred in connection with the acquisition:

Cash, net of cash acquired	$	3,532.7
ITT equity value of shares issued(a)	777.2
Total purchase consideration	$	4,309.9

(a)Fair value of shares issued is based on 3.8 shares issued at a price of $202.41 per share.

Business Combination, Recognized Asset Acquired and Liability Assumed

The assets acquired and liabilities assumed for the SPX FLOW acquisition were recorded at fair value and are shown in the table below.

Allocation of Purchase Price	Preliminary
Receivables	$	210.6
Inventory	264.3
Plant, property and equipment	186.3
Goodwill(a)	2,313.3
Other intangible assets	2,835.0
Other assets	134.3
Accounts payable and accrued liabilities	(280.8)
Contract liabilities	(96.2)
Deferred tax liability	(616.6)
Long-term debt	(531.3)
Other liabilities	(109.0)
Net assets acquired	$	4,309.9

(a)    Goodwill acquired with SPX FLOW is primarily attributable to the complementary nature of SPX FLOW’s product portfolio to ITT’s existing industrial flow equipment and services portfolio and our ITT’s expansion in the health and nutrition sector. Goodwill is not expected to be deductible for income tax purposes

Business Combination, Pro Forma Information

The following table summarizes the condensed combined results of operations of the Company for the three months ended on April 4, 2026 and March 29, 2025, assuming the SPX FLOW acquisition had occurred on January 1, 2025.

For the Three Months Ended	April 4, 2026		March 29, 2025
Revenue	$	1,397.6	$	1,206.9
Net Income attributable to the combined entities	$	72.9	$	(11.1)