ITT (ITT) 10-Q 29 Oct 24 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares shares in Millions	9 Months Ended
	Sep. 28, 2024	Oct. 28, 2024
Cover [Abstract]
Entity Registrant Name	ITT INC.
Document Type	10-Q
Document Period End Date	Sep. 28, 2024
Document Quarterly Report	true
Document Transition Report	false
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity File Number	001-05672
Entity Central Index Key	0000216228
Entity Incorporation, State or Country Code	IN
Entity Tax Identification Number	81-1197930
Entity Address, Address Line One	100 Washington Boulevard
Entity Address, Address Line Two	6th Floor
Entity Address, City or Town	Stamford
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06902
City Area Code	(914)
Local Phone Number	641-2000
Title of 12(b) Security	Common Stock, par value $1.00 per share
Trading Symbol	ITT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		81.5

CONSOLIDATED CONDENSED STATEMEN

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Income Statement [Abstract]
Revenue	$ 885.2	$ 822.1	$ 2,701.7	$ 2,453.9
Cost of revenue	571.2	542.7	1,770.8	1,632.6
Gross profit	314	279.4	930.9	821.3
General and administrative expenses	74.8	66.9	223.1	210.8
Sales and marketing expenses	50.5	44.4	151.2	131.2
Research and development expenses	28.6	25	88.3	77.1
Gain on sale of business	(47.8)	0	(47.8)	(7.2)
Operating income	207.9	143.1	516.1	409.4
Interest expense	10	4.2	25.1	15.4
Interest income	(1.6)	(1.9)	(5)	(6.5)
Other non-operating income, net	(0.2)	(0.9)	(1.9)	(1.5)
Income before income tax expense	199.7	141.7	497.9	402
Income tax expense	37.8	29.9	103.6	80.6
Income from continuing operations	161.9	111.8	394.3	321.4
Net income	161.7	111.8	394.1	321.4
Less: Income attributable to noncontrolling interests	0.6	1	2.8	2.4
Net income attributable to ITT Inc.	161.1	110.8	391.3	319
Amounts attributable to ITT Inc.:
Income from continuing operations	161.3	110.8	391.5	319
Loss from discontinued operations, net of tax	(0.2)	0	(0.2)	0
Net income attributable to ITT Inc.	$ 161.1	$ 110.8	$ 391.3	$ 319
Basic: [Abstract]
Continuing operations	$ 1.98	$ 1.35	$ 4.78	$ 3.87
Discontinued operations	(0.01)	0	0	0
Net income	1.97	1.35	4.78	3.87
Diluted: [Abstract]
Continuing operations	1.96	1.34	4.75	3.86
Discontinued operations	0	0	0	0
Net income	$ 1.96	$ 1.34	$ 4.75	$ 3.86
Weighted average common shares – basic	81.6	82.1	81.9	82.4
Weighted average common shares – diluted	82.1	82.5	82.4	82.7

CONSOLIDATED CONDENSED STATEM_2

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Income Statement [Abstract]
Tax Benefit (Expense) of Discontinued Operations	$ 0	$ 0	$ 0	$ 0

CONSOLIDATED CONDENSED STATEM_3

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 161.7	$ 111.8	$ 394.1	$ 321.4
Other comprehensive income (loss):
Net foreign currency translation adjustment	59.2	(30.5)	10	(34.7)
Net change in postretirement benefit plans, net of tax impacts of $0.6, $(0.3), $1.2, and $1.8, respectively	(1.9)	0.9	(3.6)	0.2
Other comprehensive income (loss)	57.3	(29.6)	6.4	(34.5)
Comprehensive income	219	82.2	400.5	286.9
Less: Comprehensive income attributable to noncontrolling interests	0.6	1	2.8	2.4
Comprehensive income attributable to ITT Inc.	218.4	81.2	397.7	284.5
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax [Abstract]
Amortization of prior service benefit, net of tax expense of $0.3, $0.4, $1.0, and $1.1, respectively	(1)	(1.1)	(3.2)	(3.4)
Amortization of net actuarial loss, net of tax benefit of $—, $(0.1), $—, and $(0.1), respectively	0.2	(0.2)	0.3	0
Gain on plan settlement due to divestiture, net of tax expense of $0.2, $—, $0.2, and $—	(0.8)	0	(0.8)	0
Other adjustments to postretirement benefit plans:
Net actuarial gain, net of tax expense of $0.1, $(0.6), $—, and $(0.6), respectively	(0.3)	2.2	0.1	2.2
Deferred tax asset valuation allowance reversal	0	0	0	1.4
Net change in postretirement benefit plans, net of tax	$ 1.9	$ (0.9)	$ 3.6	$ (0.2)

CONSOLIDATED CONDENSED STATEM_4

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical)) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax, Attributable to Parent	$ 0.6	$ (0.3)	$ 1.2	$ 1.8
Disclosure of reclassification adjustments and other adjustments to postretirement benefit plans: [Abstract]
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, Tax	0.3	0.4	1	1.1
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, Tax	0	(0.1)	0	(0.1)
Other Comprehensive Income (Loss), Defined Benefit Plan, Adjustment for Settlement or Curtailment Gain (Loss), Tax	0.2	0	0.2	0
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Tax	$ 0.1	$ (0.6)	$ 0	$ (0.6)

CONSOLIDATED CONDENSED BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Sep. 28, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 460.9	$ 489.2
Receivables, net	802	675.2
Inventories	620.5	575.4
Other current assets	127.4	117.9
Total current assets	2,010.8	1,857.7
Non-current assets:
Plant, property and equipment, net	578.8	561
Goodwill	1,498.3	1,016.3
Other intangible assets, net	462.9	116.6
Other non-current assets	393.7	381
Total non-current assets	2,933.7	2,074.9
Total assets	4,944.5	3,932.6
Current liabilities:
Short-term borrowings	362.6	187.7
Accounts payable	460.4	437
Accrued and other current liabilities	451.7	413.1
Total current liabilities	1,274.7	1,037.8
Non-current liabilities:
Long-term debt	467.8	5.7
Postretirement benefits	135	138.7
Other non-current liabilities	311.3	211.3
Total non-current liabilities	914.1	355.7
Total liabilities	2,188.8	1,393.5
Common stock: [Abstract]
Issued and outstanding – 81.5 shares and 82.1 shares, respectively	81.5	82.1
Retained earnings	2,993.2	2,778
Accumulated other comprehensive loss:
Postretirement benefits	5.2	1.6
Cumulative translation adjustments	(320.3)	(330.3)
Total accumulated other comprehensive loss	(325.5)	(331.9)
Total ITT Inc. shareholders’ equity	2,749.2	2,528.2
Noncontrolling interests	6.5	10.9
Total shareholders’ equity	2,755.7	2,539.1
Total liabilities and shareholders’ equity	$ 4,944.5	$ 3,932.6

CONSOLIDATED CONDENSED BALANC_2

CONSOLIDATED CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares shares in Millions	Sep. 28, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Authorized – 250 shares, $1 par value per share	250
Common stock, par value	$ 1
Issued and outstanding – 81.5 shares and 82.1 shares, respectively	81.5	82.1
Common stock, shares outstanding	81.5	82.1

CONSOLIDATED CONDENSED STATEM_5

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
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)	0.5
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)	(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)
Financing Activities
Commercial paper, net borrowings	174.7	(204.3)
Long-term debt issued, net of debt issuance costs	762.4	0
Long-term debt repayments	(301.3)	(1.2)
Share repurchases under repurchase plan	(104)	(60)
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	(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)	(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
Capital expenditures included in current liabilities	$ 23	$ 16.3

CONSOLIDATED CONDENSED STATEM_6

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 31, 2023	Sep. 30, 2023	Dec. 31, 2022
Restricted Cash	$ 1	$ 0.7	$ 0.9	$ 0.7

CONSOLIDATED CONDENSED STATEM_7

CONSOLIDATED CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY CONSOLIDATED CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) shares in Millions, $ in Millions	Total	Common Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]
Common Stock Outstanding, Beginning Balance at Dec. 31, 2022		82.7
Common Stock, Shares [Abstract]
Activity from stock incentive plans, shares		0.2
Share repuchases, shares		(0.7)
Share repurchases from net settlement of employee stock incentive plans, shares		(0.1)
Common Stock Outstanding, Ending Balance at Sep. 30, 2023		82.1
Common Stock, Shares [Abstract]
Activity from stock incentive plans, shares		0.2
Share repuchases, shares		(0.7)
Share repurchases from net settlement of employee stock incentive plans, shares		(0.1)
Total shareholders' equity, Beginning Balance at Dec. 31, 2022	$ 2,257.4		$ 2,509.7	$ (344.3)	$ 9.3
Shareholders' Equity, Dollars [Abstract]
Net income	321.4		319		2.4
Shares issued and activity from stock incentive plans	15.7	$ 0.2	15.5
Shares repurchased under repurchase plan	(60.5)	(0.7)	(59.8)
Shares withheld related to net share settlement of stock incentive plans	(6.7)	(0.1)	(6.6)
Dividends Declared	(72)		(72)
Dividends to noncontrolling interest	(1.7)				(1.7)
Net change in postretirement benefit plans, net of tax impacts of $0.6, $(0.3), $1.2, and $1.8, respectively	0.2			0.2
Net foreign currency translation adjustment	(34.7)			(34.7)
Other	0.1				0.1
Total shareholders' equity, Ending Balance at Sep. 30, 2023	2,419.2	82.1	2,705.8	(378.8)	10.1
Shareholders' Equity, Dollars [Abstract]
Net income	321.4		319		2.4
Shares issued and activity from stock incentive plans	15.7	0.2	15.5
Shares repurchased under repurchase plan	(60.5)	(0.7)	(59.8)
Shares withheld related to net share settlement of stock incentive plans	(6.7)	$ (0.1)	(6.6)
Dividends Declared	(72)		(72)
Dividends to noncontrolling interest	(1.7)				(1.7)
Net change in postretirement benefit plans, net of tax impacts of $0.6, $(0.3), $1.2, and $1.8, respectively	0.2			0.2
Net foreign currency translation adjustment	(34.7)			(34.7)
Other	0.1				0.1
Common Stock Outstanding, Beginning Balance at Jul. 01, 2023		82.1
Common Stock Outstanding, Ending Balance at Sep. 30, 2023		82.1
Total shareholders' equity, Beginning Balance at Jul. 01, 2023	2,357.6	$ 82.1	2,614	(349.2)	10.7
Shareholders' Equity, Dollars [Abstract]
Net income	111.8		110.8		1
Shares issued and activity from stock incentive plans	5.2		5.2
Shares withheld related to net share settlement of stock incentive plans	(0.3)		(0.3)
Dividends Declared	(23.9)		(23.9)
Dividends to noncontrolling interest	(1.6)				(1.6)
Net change in postretirement benefit plans, net of tax impacts of $0.6, $(0.3), $1.2, and $1.8, respectively	0.9			(0.9)
Net foreign currency translation adjustment	(30.5)			(30.5)
Total shareholders' equity, Ending Balance at Sep. 30, 2023	2,419.2	$ 82.1	2,705.8	(378.8)	10.1
Shareholders' Equity, Dollars [Abstract]
Net income	111.8		110.8		1
Shares issued and activity from stock incentive plans	5.2		5.2
Shares withheld related to net share settlement of stock incentive plans	(0.3)		(0.3)
Dividends Declared	(23.9)		(23.9)
Dividends to noncontrolling interest	(1.6)				(1.6)
Net change in postretirement benefit plans, net of tax impacts of $0.6, $(0.3), $1.2, and $1.8, respectively	0.9			(0.9)
Net foreign currency translation adjustment	$ (30.5)			(30.5)
Common Stock Outstanding, Beginning Balance at Dec. 31, 2023	82.1	82.1
Common Stock, Shares [Abstract]
Activity from stock incentive plans, shares		0.3
Share repuchases, shares		(0.8)
Share repurchases from net settlement of employee stock incentive plans, shares		(0.1)
Common Stock Outstanding, Ending Balance at Sep. 28, 2024	81.5	81.5
Common Stock, Shares [Abstract]
Activity from stock incentive plans, shares		0.3
Share repuchases, shares		(0.8)
Share repurchases from net settlement of employee stock incentive plans, shares		(0.1)
Total shareholders' equity, Beginning Balance at Dec. 31, 2023	$ 2,539.1	$ 82.1	2,778		10.9
Shareholders' Equity, Dollars [Abstract]
Net income	394.1		391.3		2.8
Shares issued and activity from stock incentive plans	20.1	0.3	19.8
Shares repurchased under repurchase plan	(104.9)	(0.8)	(104.1)
Shares withheld related to net share settlement of stock incentive plans	(13.2)	(0.1)	(13.1)
Dividends Declared	(78.6)		(78.6)
Dividends to noncontrolling interest	(2.3)				(2.3)
Purchase of noncontrolling interest	(5)		(0.1)		(4.9)
Net change in postretirement benefit plans, net of tax impacts of $0.6, $(0.3), $1.2, and $1.8, respectively	(3.6)			(3.6)
Net foreign currency translation adjustment	10			10
Total shareholders' equity, Ending Balance at Sep. 28, 2024	2,755.7	81.5	2,993.2	(325.5)	6.5
Shareholders' Equity, Dollars [Abstract]
Net income	394.1		391.3		2.8
Shares issued and activity from stock incentive plans	20.1	0.3	19.8
Shares repurchased under repurchase plan	(104.9)	(0.8)	(104.1)
Shares withheld related to net share settlement of stock incentive plans	(13.2)	$ (0.1)	(13.1)
Dividends Declared	(78.6)		(78.6)
Dividends to noncontrolling interest	(2.3)				(2.3)
Purchase of noncontrolling interest	(5)		(0.1)		(4.9)
Net change in postretirement benefit plans, net of tax impacts of $0.6, $(0.3), $1.2, and $1.8, respectively	(3.6)			(3.6)
Net foreign currency translation adjustment	$ 10			10
Common Stock Outstanding, Beginning Balance at Jun. 29, 2024		81.7
Common Stock, Shares [Abstract]
Share repuchases, shares		(0.2)
Common Stock Outstanding, Ending Balance at Sep. 28, 2024	81.5	81.5
Common Stock, Shares [Abstract]
Share repuchases, shares		(0.2)
Total shareholders' equity, Beginning Balance at Jun. 29, 2024	$ 2,589.2	$ 81.7	2,877.7	(382.8)	12.6
Shareholders' Equity, Dollars [Abstract]
Net income	161.7		161.1		0.6
Shares issued and activity from stock incentive plans	6.1		6.1
Shares repurchased under repurchase plan	(25.3)	(0.2)	(25.1)
Shares withheld related to net share settlement of stock incentive plans	(0.4)		(0.4)
Dividends Declared	(26.1)		(26.1)
Dividends to noncontrolling interest	(1.8)				(1.8)
Purchase of noncontrolling interest	(5)		(0.1)		(4.9)
Net change in postretirement benefit plans, net of tax impacts of $0.6, $(0.3), $1.2, and $1.8, respectively	(1.9)			1.9
Net foreign currency translation adjustment	59.2			59.2
Total shareholders' equity, Ending Balance at Sep. 28, 2024	2,755.7	81.5	2,993.2	(325.5)	6.5
Shareholders' Equity, Dollars [Abstract]
Net income	161.7		161.1		0.6
Shares issued and activity from stock incentive plans	6.1		6.1
Shares repurchased under repurchase plan	(25.3)	$ (0.2)	(25.1)
Shares withheld related to net share settlement of stock incentive plans	(0.4)		(0.4)
Dividends Declared	(26.1)		(26.1)
Dividends to noncontrolling interest	(1.8)				(1.8)
Purchase of noncontrolling interest	(5)		$ (0.1)		$ (4.9)
Net change in postretirement benefit plans, net of tax impacts of $0.6, $(0.3), $1.2, and $1.8, respectively	(1.9)			1.9
Net foreign currency translation adjustment	$ 59.2			$ 59.2

CONSOLIDATED CONDENSED STATEM_8

CONSOLIDATED CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY CONSOLIDATED CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Dividends declared per share	$ 0.319	$ 0.290	$ 0.957	$ 0.870

OTHER CURRENT AND NON-CURRENT A

OTHER CURRENT AND NON-CURRENT ASSETS - Components of Other Current and Non-Current Assets - USD ($) $ in Millions	Sep. 28, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Advance payments and other prepaid expenses	$ 47.3	$ 55.3
Current contract assets	34.4	25.8
Prepaid income taxes	27.9	16.9
Other	17.8	19.9
Other current assets	127.4	117.9
Other employee benefit-related assets	134.6	128.6
Operating lease right-of-use assets	93.5	87.4
Deferred income taxes	77.7	76
Equity-method and other investments	47.8	46.6
Capitalized software costs	6.1	7.9
Environmental-related assets	7.6	6
Other	26.4	28.5
Other non-current assets	$ 393.7	$ 381

LONG-TERM INCENTIVE EMPLOYEE CO

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION - Employee Compensation Costs - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Payment Arrangement, Expense	$ 6.8	$ 5.4	$ 21.8	$ 16.3
Equity Based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Payment Arrangement, Expense	6.1	5	19.8	15.1
Liability Based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-Based Payment Arrangement, Expense	$ 0.7	$ 0.4	$ 2	$ 1.2

CAPITAL STOCK - Additional Info

CAPITAL STOCK - Additional Information $ in Thousands	Sep. 28, 2024 USD ($)
2019 Share Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Share repurchase program	$ 500,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount	975,000
2023 Share Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Share repurchase program	$ 1,000,000

DESCRIPTION OF BUSINESS, BASIS

DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND UPDATES TO SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 28, 2024
Accounting Policies [Abstract]
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Description of Business ITT Inc. is a diversified manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and energy markets. Unless the context otherwise indicates, references herein to “ITT,” “the Company,” and such words as “we,” “us,” and “our” include ITT Inc. and its subsidiaries. ITT operates through three reportable segments: Motion Technologies (MT), consisting of friction and shock and vibration equipment; Industrial Process (IP), consisting of industrial flow equipment and services; and Connect & Control Technologies (CCT), consisting of electronic connectors, fluid handling, motion control, composite materials and noise and energy absorption products. Financial information for our segments is presented in Note 3, Segment Information . Business Combinations and Divestitures On January 19, 2024, we completed the acquisition of Svanehøj Group A/S (Svanehøj) for a purchase price of $407.6, net of cash acquired. Subsequent to the acquisition, Svanehøj’s results are reported within our IP segment. On September 12, 2024, we completed the acquisition of kSARIA Parent, Inc. (kSARIA) for a preliminary purchase price of $461.9, net of cash acquired. The final price is subject to a customary working capital adjustment. Subsequent to the acquisition, kSARIA’s results are reported within our CCT segment. On July 22, 2024, the Company completed the sale of its Wolverine Advanced Materials (Wolverine) business, part of the MT segment prior to the divestiture, to an unrelated third party for a preliminary price of $171 . The final price is subject to a customary working capital adjustment. The Company evaluates all disposal transactions to determine whether such disposal qualifies as discontinued operations in accordance with Accounting Standards Codification (ASC) 205-20, Discontinued Operations . We concluded that the divestiture does not qualify as a discontinued operation. On December 29, 2023, we completed the sale of our Matrix business, an aerospace and defense components manufacturer within our CCT segment, to a third party for total cash proceeds of $1.0. Refer to Note 18, Acquisitions and Divestitures , for more information. Basis of Presentation The unaudited consolidated condensed financial statements have been prepared pursuant to the rules and regulations of the SEC and, in the opinion of management, reflect all known adjustments (which consist primarily of normal, recurring accruals, estimates and assumptions) necessary to state fairly the financial position, results of operations, and cash flows for the periods presented. The Consolidated Condensed Balance Sheet as of December 31, 2023, presented herein, has been derived from our audited balance sheet included in our Annual Report on Form 10-K ( 2023 Annual Report ) for the year ended December 31, 2023, but does not include all disclosures required by accounting principles generally accepted in the United States (GAAP). We consistently applied the accounting policies described in the 2023 Annual Report in preparing these unaudited financial statements. These financial statements should be read in conjunction with the financial statements and notes thereto included in our 2023 Annual Report. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Estimates are revised as additional information becomes available. Estimates and assumptions are used for, but not limited to, revenue recognition, unrecognized tax benefits, deferred tax valuation allowances, projected benefit obligations for postretirement plans, accounting for business combinations, goodwill and other intangible asset impairment testing, environmental liabilities and assets, allowance for credit losses, inventory valuation, and assets held for sale. Actual results could differ from these estimates. ITT’s quarterly financial periods end on the Saturday that is closest to the last day of the calendar quarter, except for the last quarterly period of the fiscal year, which ends on December 31 st . ITT’s third quarter for 2024 and 2023 ended on September 28, 2024 and September 30, 2023, respectively. Certain prior year amounts have been reclassified to conform to the current year presentation.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 28, 2024
Recent Accounting Pronouncements [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS From time to time, the Financial Accounting Standards Board (FASB) or other standards setting bodies issue new accounting pronouncements. Updates to the FASB's accounting standards are communicated through issuance of an Accounting Standards Update (ASU). The Company considers the applicability and impact of all ASUs on our business and financial results. Recently issued accounting pronouncements not yet adopted In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This ASU updates reportable segment disclosure requirements by requiring disclosures of significant reportable segment expenses that are regularly provided to the Chief Operating Decision Maker (CODM) and included within each reported measure of a segment's profit or loss. This ASU also requires disclosure of the title and position of the individual identified as the CODM and an explanation of how the CODM uses the reported measures of a segment’s profit or loss in assessing segment performance and deciding how to allocate resources. This ASU is effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Adoption of the ASU should be applied retrospectively to all prior periods presented in the financial statements. We are currently evaluating the impact that this guidance will have on the disclosures within our financial statements, and will adopt this ASU for the year ending December 31, 2024. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This ASU requires disclosure of specific categories in the rate reconciliation and additional information for reconciling items that meet a quantitative threshold. The amendment also includes other changes to improve the effectiveness of income tax disclosures, including further disaggregation of income taxes paid for individually significant jurisdictions. This ASU is effective for annual periods beginning after December 15, 2024. Adoption of this ASU should be applied on a prospective basis. Early adoption is permitted. We are currently evaluating the impact that this guidance will have on the disclosures within our financial statements, and expect to adopt this ASU for the year ending December 31, 2025. During 2024, there were no other new accounting standards issued, or that are pending issuance, which are expected to have a material impact on our consolidated condensed financial statements upon adoption.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 28, 2024
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Company’s segments are reported on the same basis used by our Chief Executive Officer, who is also our CODM, for evaluating performance and for allocating resources. Our three reportable segments are referred to as Motion Technologies, Industrial Process, and Connect & Control Technologies. Motion Technologies manufactures brake components, shock absorbers and damping technologies primarily for the global automotive and rail transportation markets. Industrial Process manufactures engineered fluid process equipment serving a diversified mix of customers in global industries such as chemical, energy, marine, mining, and other industrial process markets and is a provider of plant optimization and efficiency solutions and aftermarket services and parts. Connect & Control Technologies manufactures harsh-environment connector solutions, cable assemblies, critical energy absorption, flow control components, and composite materials for the aerospace and defense, general industrial, medical, and energy markets. Assets of our reportable segments exclude general corporate assets, which principally consist of cash, investments, deferred taxes, and certain property, plant and equipment. These assets are included within Corporate and Other, which is described further below. Corporate and Other consists of corporate office expenses including compensation, benefits, occupancy, depreciation, and other administrative costs, as well as charges related to certain matters, including environmental liabilities, that are managed at a corporate level and are not included in segment results when evaluating performance or allocating resources. In addition, Corporate and Other includes research and development-related expenses associated with a subsidiary that does not constitute a reportable segment. The following table presents our revenue for each segment and reconciles our total segment revenue to total consolidated revenue. Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, Motion Technologies $ 344.9 $ 359.5 $ 1,121.8 $ 1,093.1 Industrial Process 333.8 279.8 998.4 839.9 Connect & Control Technologies 207.2 184.0 584.1 523.8 Total segment revenue 885.9 823.3 2,704.3 2,456.8 Eliminations (0.7) (1.2) (2.6) (2.9) Total consolidated revenue $ 885.2 $ 822.1 $ 2,701.7 $ 2,453.9 The following table presents our operating income for each segment and reconciles our total segment operating income to income from continuing operations before income tax. Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, Motion Technologies $ 110.0 $ 59.4 $ 251.8 $ 170.5 Industrial Process 69.8 64.7 199.4 186.4 Connect & Control Technologies 38.1 33.2 106.2 91.0 Total segment operating income 217.9 157.3 557.4 447.9 Other corporate costs (10.0) (14.2) (41.3) (38.5) Interest and non-operating expense, net (8.2) (1.4) (18.2) (7.4) Income from continuing operations before income tax $ 199.7 $ 141.7 $ 497.9 $ 402.0 The following table presents our operating margin for each segment. Segment operating margin is calculated as segment operating income divided by segment revenue . Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, Motion Technologies 31.9 % 16.5 % 22.4 % 15.6 % Industrial Process 20.9 % 23.1 % 20.0 % 22.2 % Connect & Control Technologies 18.4 % 18.0 % 18.2 % 17.4 % The following table presents our total assets, capital expenditures, and depreciation & amortization expense for each segment. As of and for the Nine Months Ended Total Assets Capital Depreciation & September 28, December 31, September 28, September 30, September 28, September 30, Motion Technologies $ 1,271.1 $ 1,366.6 $ 53.7 $ 44.9 $ 46.8 $ 49.3 Industrial Process 1,897.5 1,323.2 24.5 10.6 34.9 16.7 Connect & Control Technologies 1,367.0 834.6 8.6 11.7 17.1 14.9 Corporate and Other 408.9 408.2 0.7 1.3 1.9 1.9 Total $ 4,944.5 $ 3,932.6 $ 87.5 $ 68.5 $ 100.7 $ 82.8

REVENUE REVENUE

REVENUE REVENUE	9 Months Ended
	Sep. 28, 2024
Revenue from Contract with Customer [Abstract]
Revenue Footnote	REVENUE The following tables present our revenue disaggregated by end market. For the Three Months Ended September 28, 2024 Motion Technologies Industrial Process Connect & Control Technologies Eliminations Total Auto and rail $ 341.0 $ — $ — $ 0.1 $ 341.1 Chemical and industrial pumps — 226.4 — — 226.4 Energy — 107.4 14.3 — 121.7 Aerospace and defense 1.9 — 128.0 — 129.9 General industrial 1.9 — 65.0 (0.8) 66.1 Total $ 344.8 $ 333.8 $ 207.3 $ (0.7) $ 885.2 For the Nine Months Ended September 28, 2024 Auto and rail $ 1,100.8 $ — $ — $ — $ 1,100.8 Chemical and industrial pumps — 675.7 — — 675.7 Energy — 322.7 40.8 — 363.5 Aerospace and defense 5.6 — 346.8 — 352.4 General industrial 15.3 — 196.6 (2.6) 209.3 Total $ 1,121.7 $ 998.4 $ 584.2 $ (2.6) $ 2,701.7 For the Three Months Ended September 30, 2023 Motion Technologies Industrial Process Connect & Control Technologies Eliminations Total Auto and rail $ 351.5 $ — $ — $ — $ 351.5 Chemical and industrial pumps — 219.7 — (0.1) 219.6 Energy — 60.1 13.6 — 73.7 Aerospace and defense 2.0 — 99.2 — 101.2 General industrial 6.0 — 71.2 (1.1) 76.1 Total $ 359.5 $ 279.8 $ 184.0 $ (1.2) $ 822.1 For the Nine Months Ended September 30, 2023 Auto and rail $ 1,067.5 $ — $ — $ — $ 1,067.5 Chemical and industrial pumps — 664.2 — (0.1) 664.1 Energy — 175.7 37.7 — 213.4 Aerospace and defense 5.9 — 280.2 — 286.1 General industrial 19.7 — 205.9 (2.8) 222.8 Total $ 1,093.1 $ 839.9 $ 523.8 $ (2.9) $ 2,453.9 Contract Assets and Liabilities Contract assets consist of unbilled amounts where revenue recognized exceeds customer billings, net of allowances for credit losses. Contract assets are included in other current assets and other non-current assets in our Consolidated Condensed Balance Sheets. Contract liabilities consist of advance customer payments and billings in excess of revenue recognized. Contract liabilities are included in accrued liabilities and other non-current liabilities in our Consolidated Condensed Balance Sheets. The following table represents our net contract assets and liabilities. As of the Period Ended September 28, December 31, Current contract assets $ 34.4 $ 25.8 Non-current contract assets 1.4 1.6 Current contract liabilities (a) (126.0) (95.9) Non-current contract liabilities (4.4) (4.5) Net contract liabilities $ (94.6) $ (73.0) (a) The increase in current contract liabilities from December 31, 2023 to September 28, 2024 was primarily driven by the acquisition of Svanehøj. Refer to Note 18, Acquisitions and Divestitures , for further information. During the three and nine months ended September 28, 2024, we recognized revenue of $20.0 and $70.1, related to contract liabilities as of December 31, 2023, respectively. The aggregate amount of the transaction price allocated to unsatisfied or partially satisfied performance obligations as of September 28, 2024 was $1,661.3. Of this amount, we expect to recognize approximately $640 to $660 of revenue during the remainder of 2024.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 28, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The following table summarizes our income tax expense and effective tax rate (ETR). Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, Income tax expense $ 37.8 $ 29.9 $ 103.6 $ 80.6 Effective tax rate 18.9 % 21.1 % 20.8 % 20.0 % The decrease in the ETR for the three months ended September 28, 2024 was primarily due to a benefit recognized on the sale of our Wolverine business. The increase in the ETR for the nine months ended September 28, 2024 was due to prior year benefits of $16.3 from the valuation allowance reversal on deferred tax assets in Germany and $4.9 from filing an amended 2017 consolidated federal tax return. These benefits were partially offset by a prior year expense of $14.3 relating to an Italian tax audit settlement covering tax years 2016-2022. In October 2021, more than 135 countries and jurisdictions agreed to participate in a “two-pillar” international tax approach developed by the Organisation for Economic Co-operation and Development (OECD), which includes establishing a global minimum corporate tax rate of 15 percent. The OECD published Tax Challenges Arising from the Digitalisation of the Economy — Global Anti-Base Erosion Model Rules (Pillar Two) in December 2021 and subsequently issued additional commentary and administrative guidance clarifying several aspects of the model rules. Since the model rules have been released, many countries have enacted Pillar Two-related laws, some of which became effective January 1, 2024, and it is anticipated that many more will follow suit throughout 2024 and 2025. As of September 28, 2024, the Company does not expect Pillar Two taxes to have a significant impact on its 2024 financial statements. The Company operates in various tax jurisdictions and is subject to examination by tax authorities in these jurisdictions. The Company is currently under examination in several jurisdictions including China, Czechia, Germany, India, Italy, and the U.S. The estimated tax liability calculation for unrecognized tax benefits considers uncertainties in the application of complex tax laws and regulations in various tax jurisdictions. Due to the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is materially different from the current estimate of the unrecognized tax benefit. Over the next 12 months, the net amount of the tax liability for unrecognized tax benefits in foreign and domestic jurisdictions could decrease by approximately $0.5 due to changes in audit status, expiration of statutes of limitations and other events.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Sep. 28, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE DATA The following table provides a reconciliation of the data used in the calculation of basic and diluted earnings per share from continuing operations attributable to ITT. Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, Basic weighted average common shares outstanding 81.6 82.1 81.9 82.4 Add: Dilutive impact of outstanding equity awards 0.5 0.4 0.5 0.3 Diluted weighted average common shares outstanding 82.1 82.5 82.4 82.7 Anti-dilutive shares (a) — — 0.1 0.1 (a) Anti-dilutive shares related to equity stock unit awards excluded from the computation of diluted earnings per share.

RECEIVABLES, NET

RECEIVABLES, NET	9 Months Ended
	Sep. 28, 2024
Receivables [Abstract]
RECEIVABLES, NET	RECEIVABLES, NET The following table summarizes our receivables and associated allowance for credit losses. As of the Period Ended September 28, December 31, Trade accounts receivable $ 754.2 $ 641.3 Notes receivable 19.7 25.5 Other (a) 44.6 22.6 Receivables, gross 818.5 689.4 Less: Allowance for credit losses (16.5) (14.2) Receivables, net $ 802.0 $ 675.2 (a) Other receivables as of September 28, 2024 include $17.0 estimated working capital recovery related to the sale of the Wolverine business. The following table displays a rollforward of our total allowance for credit losses. September 28, September 30, Total allowance for credit losses - January 1 $ 14.2 $ 12.2 Charges to income 4.5 3.4 Write-offs (2.6) (1.2) Foreign currency and other 0.4 (0.1) Total allowance for credit losses - ending balance $ 16.5 $ 14.3

INVENTORIES, NET

INVENTORIES, NET	9 Months Ended
	Sep. 28, 2024
Inventory Disclosure [Abstract]
INVENTORIES, NET	INVENTORIES The following table summarizes our inventories. As of the Period Ended September 28, December 31, Raw materials $ 402.5 $ 366.6 Work in process 121.3 111.8 Finished goods 96.7 97.0 Inventories $ 620.5 $ 575.4 Government Assistance (ASU 2021-10) ASU 2021-10 requires entities to provide information about the nature of transactions, related policies and effect of government grants on an entity’s financial statements. In particular, to qualify for an energy subsidy in Italy, a company must apply for and receive a certificate attesting that the company is an "energy and gas consuming company" (high energy consumption connected to the production cycle). The amount of subsidies granted is calculated based on a percentage of actual consumption, ranging from 25% to 40%. One of our Italian subsidiaries within our MT segment obtained this certificate and was granted energy subsidies from the Italian government beginning in April 2022. This program concluded in the second quarter of 2023. Accordingly, no energy subsidies were granted for the three or nine months ended September 28, 2024, or the three months ended September 30, 2023. For the nine months ended September 30, 2023, we recognized a benefit of $6.3 related to energy subsidies, which we recorded within Costs of revenue in our Consolidated Condensed Statements of Operations. There was no other material government assistance received by the Company or any of our subsidiaries during the periods.

OTHER CURRENT AND NON-CURRENT_2

OTHER CURRENT AND NON-CURRENT ASSETS	9 Months Ended
	Sep. 28, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER CURRENT AND NON-CURRENT ASSETS	OTHER CURRENT AND NON-CURRENT ASSETS The following table summarizes our other current and non-current assets. As of the Period Ended September 28, December 31, Advance payments and other prepaid expenses $ 47.3 $ 55.3 Current contract assets, net 34.4 25.8 Prepaid income taxes 27.9 16.9 Other 17.8 19.9 Other current assets $ 127.4 $ 117.9 Other employee benefit-related assets $ 134.6 $ 128.6 Operating lease right-of-use assets 93.5 87.4 Deferred income taxes 77.7 76.0 Equity-method and other investments 47.8 46.6 Environmental-related assets 7.6 6.0 Capitalized software costs 6.1 7.9 Other 26.4 28.5 Other non-current assets $ 393.7 $ 381.0

PLANT, PROPERTY AND EQUIPMENT,

PLANT, PROPERTY AND EQUIPMENT, NET	9 Months Ended
	Sep. 28, 2024
Property, Plant and Equipment [Abstract]
PLANT, PROPERTY AND EQUIPMENT, NET	PLANT, PROPERTY AND EQUIPMENT, NET The following table summarizes our property, plant, and equipment, net of accumulated depreciation. Useful life September 28, December 31, Machinery and equipment 2 - 10 $ 1,326.7 $ 1,317.9 Buildings and improvements 5 - 40 316.9 298.4 Furniture, fixtures and office equipment 3 - 7 84.3 83.7 Construction work in progress 96.8 78.1 Land and improvements 26.9 29.5 Other 2.1 1.7 Plant, property and equipment, gross 1,853.7 1,809.3 Less: Accumulated depreciation (1,274.9) (1,248.3) Plant, property and equipment, net $ 578.8 $ 561.0 The following table summarizes our depreciation expense. Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, Depreciation expense $ 21.6 $ 21.8 $ 65.9 $ 62.9

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS, NET	9 Months Ended
	Sep. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS, NET	GOODWILL AND OTHER INTANGIBLE ASSETS, NET Goodwill The following table provides a rollforward of the carrying amount of goodwill by segment. Motion Industrial Connect & Control Total Goodwill - December 31, 2023 $ 292.3 $ 403.0 $ 321.0 $ 1,016.3 Acquired (a) — 215.6 276.0 491.6 Adjustments to purchase price allocations — — 0.6 0.6 Allocated to divestiture (16.0) — — (16.0) Foreign exchange translation 1.3 4.3 0.2 5.8 Goodwill - September 28, 2024 $ 277.6 $ 622.9 $ 597.8 $ 1,498.3 (a) Goodwill acquired for our IP and CCT segments is related to our acquisitions of Svanehøj and kSARIA, respectively, representing the preliminary calculation of the excess purchase price over the net assets acquired. Refer to Note 18, Acquisitions and Divestitures , for further information. Other Intangible Assets, Net The following table summarizes our other intangible assets, net of accumulated amortization. September 28, 2024 December 31, 2023 Gross Accumulated Amortization Net Intangibles Gross Accumulated Amortization Net Intangibles Customer relationships $ 367.5 $ (88.3) $ 279.2 $ 202.4 $ (138.4) $ 64.0 Developed technology 110.5 (22.8) 87.7 61.5 (32.5) 29.0 Patents and other 65.3 (30.0) 35.3 22.0 (17.5) 4.5 Finite-lived intangible total 543.3 (141.1) 402.2 285.9 (188.4) 97.5 Indefinite-lived intangibles 60.7 — 60.7 19.1 — 19.1 Other intangible assets $ 604.0 $ (141.1) $ 462.9 $ 305.0 $ (188.4) $ 116.6 The preliminary fair values of intangible assets acquired in connection with the purchase of Svanehøj total $212.6 and consist of the following: Useful life Fair value Customer relationships 16 $ 107.0 Developed technology 17 65.0 Trade name Indefinite 23.0 Backlog 1.25 17.0 Other 10 0.6 Total intangible assets acquired $ 212.6 The preliminary fair values of intangible assets acquired in connection with the purchase of kSARIA total $166.0, inclusive of customer relationships, backlog and trade names. Refer to Note 18, Acquisitions and Divestitures , for further information. The following table summarizes our amortization expense related to finite-lived intangible assets. Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, Amortization expense $ 10.6 $ 5.6 $ 28.7 $ 15.4 E stimated amortization expense for each of the five succeeding years and thereafter is as follows: 2024 $ 18.6 2025 55.3 2026 29.0 2027 27.0 2028 27.0 Thereafter $ 245.3

ACCRUED AND OTHER CURRENT LIABI

ACCRUED AND OTHER CURRENT LIABILITIES AND OTHER NON-CURRENT LIABILITIES	9 Months Ended
	Sep. 28, 2024
Payables and Accruals [Abstract]
ACCRUED AND OTHER CURRENT LIABILITIES AND OTHER NON-CURRENT LIABILITIES	ACCOUNTS PAYABLE, ACCRUED LIABILITIES AND OTHER NON-CURRENT LIABILITIES The following table summarizes our accrued liabilities and other non-current liabilities. As of the Period Ended September 28, December 31, Compensation and other employee-related benefits $ 151.8 $ 165.5 Contract liabilities and other customer-related liabilities 169.9 133.6 Accrued income taxes and other tax-related liabilities 36.2 30.7 Operating lease liabilities 21.8 19.5 Accrued warranty costs 16.8 14.0 Environmental liabilities and other legal matters 4.6 5.8 Accrued restructuring costs 2.9 4.8 Other 47.7 39.2 Accrued and other current liabilities $ 451.7 $ 413.1 Deferred income taxes and other tax-related liabilities (a) $ 104.4 $ 25.0 Operating lease liabilities 76.9 72.3 Environmental liabilities 49.9 52.0 Compensation and other employee-related benefits 39.3 38.0 Other 40.8 24.0 Other non-current liabilities $ 311.3 $ 211.3 (a) The increase in deferred income taxes and other tax-related liabilities primarily relates to deferred tax liabilities recognized in connection with the acquisitions of Svanehøj and kSARIA. Supply Chain Financing The Company has supply chain financing (SCF) programs in place under which participating suppliers may elect to obtain payment from an intermediary. The Company confirms the validity of invoices from participating suppliers and agrees to pay the intermediary an amount based on invoice totals. The majority of amounts payable under these programs are due within 90 to 180 days and are considered commercially reasonable. There are no assets pledged as security or other forms of guarantees provided for the committed payments. As of September 28, 2024 and December 31, 2023 , there w ere $24.4 and $19.7, r espectively, of outstanding amounts payable to suppliers who have elected to participate in these SCF programs. These amounts were recorded within Accounts payable in our Consolidated Condensed Balance Sheets.

DEBT Debt (Notes)

DEBT Debt (Notes)	9 Months Ended
	Sep. 28, 2024
Debt Disclosure [Abstract]
Debt [Text Block]	DEBT The following table summarizes our outstanding debt obligations. As of the Period Ended September 28, December 31, Commercial paper (a) $ 359.6 $ 184.9 Current maturities of long-term debt 2.5 2.3 Short-term loans 0.5 0.5 Total short-term borrowings 362.6 187.7 Non-current maturities of long-term debt (b) 467.8 5.7 Total debt and finance leases $ 830.4 $ 193.4 (a) The associated weighted average interest rates as of September 28, 2024 and December 31, 2023 were 5.12% and 5.61%, respectively. Outstanding commercial paper for both periods had maturity terms less than three months from the date of issuance. (b) Long-term debt is primarily related to a term loan that the Company entered into in September 2024 in connection with the acquisition of kSARIA. See additional details in section titled, “ U.S. Term Loan ”, below. U.S. Term Loan On September 12, 2024, the Company entered into a credit agreement (the kSARIA Credit Agreement) among the Company, as borrower, each lender from time to time party thereto, and U.S. Bank National Association, as the administrative agent, sole lead arranger and sole bookrunner. The kSARIA Credit Agreement has a maturity of three years (September 2027) and provides for a term loan of $464, which had been borrowed and was used to finance the Company’s acquisition of kSARIA on September 12, 2024. Debt issuance costs were $0.9 and will be amortized over the term of the debt. Borrowings under the kSARIA Credit Agreement bear interest at an annual rate equal to, at the Company’s option, either (i) term secured overnight financing rate (Term SOFR) (subject to a 0.10% “credit spread adjustment”) plus a margin ranging from 0.875% to 1.500%, or (ii) an alternate base rate plus a margin ranging from 0.0% to 0.5%, with the applicable margin determined by reference to the Company’s debt ratings set forth in the kSARIA Credit Agreement. The annual interest rate as of September 28, 2024 was 6.26%. The loans under the kSARIA Credit Agreement may be prepaid by the Company at any time, in whole or in part, without penalty or premium, subject to certain conditions. The kSARIA Credit Agreement contains customary affirmative and negative covenants, as well as financial covenants (e.g., leverage ratio), that are similar to those contained in our 2021 Revolving Credit Agreement, as described below. As of September 28, 2024, the Company was in compliance with all covenants. The following table provides the future maturities related to the outstanding balance as of September 28, 2024. 2024 $ — 2025 — 2026 — September 2027 464.0 Total maturities $ 464.0 Italian Term Loan On January 12, 2024, ITT Italia S.r.l. (ITT Italia), an indirect wholly owned subsidiary of the Company, entered into a facility agreement (the ITT Italia Credit Agreement), among the Company, as a guarantor, ITT Italia, as borrower, and BNP Paribas, Italian Branch, as bookrunner, sole underwriter and global coordinator, mandated lead arranger and agent. The ITT Italia Credit Agreement had an initial maturity of three years (January 2027) and provided for term loan borrowings in an aggregate principal amount of €300 (or $328.9), €275 (or $301.5) of which had been borrowed and were used to finance the Company’s acquisition of Svanehøj, which closed on January 19, 2024. During the third quarter of 2024, ITT Italia repaid €175, representing the remaining outstanding balance on the ITT Italia Credit Agreement. Year-to-date repayments of the facility agreement totaled €275. Debt issuance costs totaled $1.8, which were fully amortized as of September 28, 2024. The interest rate per annum on the ITT Italia Credit Agreement was based on the EURIBOR rate for Euros, plus a margin of 1.00%. The ITT Italia Credit Agreement contained customary affirmative and negative covenants, as well as financial covenants (e.g., leverage ratio), that were similar to those contained in our 2021 Revolving Credit Agreement, as described below. The Company was in compliance with all covenants during the period outstanding. Revolving Credit Agreement On August 5, 2021, the Company entered into a revolving credit facility agreement with a syndicate of third party lenders including Bank of America, N.A., as administrative agent (the 2021 Revolving Credit Agreement). Upon its effectiveness, this agreement replaced our existing $500 revolving credit facility due November 2022. The 2021 Revolving Credit Agreement matures in August 2026 and provides for an aggregate principal amount of up to $700. The 2021 Revolving Credit Agreement provides for a potential increase of commitments of up to $350 for a possible maximum of $1,050 in aggregate commitments at the request of the Company and with the consent of the institutions providing such increase of commitments. On May 10, 2023, the Company entered into the First Amendment (the Amendment) to the Company’s 2021 Revolving Credit Agreement. In connection with the phase out of LIBOR as a reference interest rate, the Amendment replaced LIBOR as a benchmark for United States Dollar revolving borrowings with the term SOFR, and replaced LIBOR as a benchmark for Euro swing line borrowings with the Euro overnight short-term rate (ESTR). The Amendment did not have a significant impact on the Company’s consolidated condensed financial statements. Since the Amendment, the interest rate per annum on the 2021 Revolving Credit Agreement is based on the term SOFR of the currency we borrow in, plus a margin of 1.1%. As of September 28, 2024 and December 31, 2023, we had no outstanding borrowings under the 2021 Revolving Credit Agreement. There is a 0.15% fee per annum applicable to the commitments under the 2021 Revolving Credit Agreement. The margin and fees are subject to adjustment should the Company’s credit ratings change. The 2021 Revolving Credit Agreement contains customary affirmative and negative covenants that, among other things, will limit or restrict our ability to: incur additional debt or issue guarantees; create certain liens; merge or consolidate with another person; sell, transfer, lease or otherwise dispose of assets; liquidate or dissolve; and enter into restrictive covenants. Additionally, the 2021 Revolving Credit Agreement requires us not to permit the ratio of consolidated total indebtedness to consolidated earnings before interest, taxes, depreciation, amortization, and other special, extraordinary, unusual, or non-recurring items (adjusted consolidated EBITDA) (leverage ratio) to exceed 3.50 to 1.00, with a qualified acquisition step up immediately following such qualified acquisition of 4.00 to 1.00 for four quarters, 3.75 to 1.00 for two quarters thereafter, and returning to 3.50 to 1.00 thereafter. As of September 28, 2024, all financial covenants (e.g., leverage ratio) associated with the 2021 Revolving Credit Agreement were within the prescribed thresholds.

LONG-TERM INCENTIVE EMPLOYEE _2

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION	9 Months Ended
	Sep. 28, 2024
Share-Based Payment Arrangement [Abstract]
LONG-TERM INCENTIVE EMPLOYEE COMPENSATION	LONG-TERM INCENTIVE EMPLOYEE COMPENSATION Our long-term incentive plan (LTIP) costs are primarily recorded within general and administrative expenses in our Consolidated Condensed Statements of Operations. The following table summarizes our LTIP costs. Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, Equity-based awards $ 6.1 $ 5.0 $ 19.8 $ 15.1 Liability-based awards 0.7 0.4 2.0 1.2 Total share-based compensation expense $ 6.8 $ 5.4 $ 21.8 $ 16.3 As of September 28, 2024, there was $38.4 of total unrecognized compensation cost related to non-vested equity awards. This cost is expected to be recognized ratably over a weighted-average period of 1.9 years. Additionally, unrecognized compensation cost related to liability-based awards was $3.9, which is expected to be recognized ratably over a weighted-average period of 2 years. Year-to-Date 2024 LTIP Activity (Equity-based Awards) The majority of our LTIP awards are granted during the first quarter of each year and have three-year service periods. The majority of these awards either vest equally each year or at the completion of the three-year service period. During the nine months ended September 28, 2024, we granted the following LTIP awards as provided in the table below: # of Awards Granted Weighted Average Grant Date Fair Value Per Share Restricted stock units (RSUs) 0.2 $ 129.26 Performance stock units (PSUs) 0.1 $ 143.20 During the nine months ended September 28, 2024 and September 30, 2023, a nominal amount of non-qualified stock options were exercised resulting in proceeds of $0.2 and $0.6, respectively. During the nine months ended September 28, 2024 and September 30, 2023, RSUs of 0.1 and 0.1, respectively, vested and were issued. During the nine months ended September 28, 2024 and September 30, 2023, PSUs of 0.1 and 0.1 that vested on December 31, 2023 and 2022, respectively, were issued.

CAPITAL STOCK

CAPITAL STOCK	9 Months Ended
	Sep. 28, 2024
Equity [Abstract]
CAPITAL STOCK	CAPITAL STOCK On October 30, 2019, the Board of Directors approved an indefinite term $500 open-market share repurchase program (the 2019 Plan). On October 4, 2023, the Board of Directors approved an indefinite term $1,000 open-market share repurchase program (the 2023 Plan). The following table summarizes our share repurchase activity during the three and nine months ended September 28, 2024 and September 30, 2023, respectively. Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, Shares repurchased and retired 0.2 — 0.8 0.7 Cost of share repurchases $ 25.0 $ — $ 104.0 $ 60.5 During the second quarter of 2024, we exhausted the remaining capacity under the 2019 Plan. There was $975 of remaining capacity left under the 2023 Plan as of September 28, 2024. Separate from the open-market share repurchase program, the Company withholds shares of common stock in settlement of employee tax withholding obligations due upon the vesting of equity-based compensation awards. The following table summarizes Company share withholdings related to net shares settlement of stock incentive plans. Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, Shares withheld for taxes related to net share settlement of stock incentive plans — — 0.1 0.1 Payments for taxes related to net share settlement of stock incentive plans $ 0.3 $ 0.3 $ 13.2 $ 6.7

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 28, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES From time to time, we are involved in litigation, claims, government inquiries, investigations and proceedings, including but not limited to those relating to environmental exposures, intellectual property matters, personal injury claims, product liabilities, regulatory matters, commercial and government contract issues, employment and employee benefit matters, commercial or contractual disputes, and securities matters. Although the ultimate outcome of any legal matter cannot be predicted with certainty, based on present information, including our assessment of the merits of the particular claim, as well as our current reserves and insurance coverage, we do not expect that such legal proceedings will have any material adverse impact on our financial statements, unless otherwise noted below. However, there can be no assurance that an adverse outcome in any of the proceedings described below will not result in material fines, penalties or damages, changes to the Company's business practices, loss of (or litigation with) customers or a material adverse effect on our financial statements. Environmental Matters In the ordinary course of business, we are subject to federal, state, local, and foreign environmental laws and regulations. We are responsible, or are alleged to be responsible, for ongoing environmental investigation and site remediation. These sites are in various stages of investigation or remediation and in many of these proceedings our liability is considered de minimis. We have received notification from the U.S. Environmental Protection Agency, and from similar state and foreign environmental agencies, that a number of sites formerly or currently owned or operated by ITT, and other properties or water supplies that may be or have been impacted from those operations, contain disposed or recycled materials or wastes and require environmental investigation or remediation. These sites include instances where we have been identified as a potentially responsible party under federal and state environmental laws and regulations. The following table provides a rollforward of our estimated environmental liability. For the Nine Months Ended September 28, September 30, Environmental liability - beginning balance $ 56.0 $ 57.1 Change in estimates for pre-existing accruals: Continuing operations 0.3 0.8 Discontinued operations 0.3 — Payments (2.7) (2.9) Foreign currency — (0.1) Environmental liability - ending balance $ 53.9 $ 54.9 Environmental-related assets, including estimated recoveries from insurance providers and other third parties, were $8.1 and $10.0 as of September 28, 2024 and December 31, 2023, respectively. The following table illustrates the reasonably possible high range of estimated liability and number of active sites. As of the Period Ended September 28, December 31, High-end estimate of environmental liability $ 94.7 $ 98.2 Number of open environmental sites 26 26 As actual costs incurred at identified sites in future periods may vary from our current estimates given the inherent uncertainties in evaluating environmental exposures, management believes it is possible that the outcome of these uncertainties may have a material adverse effect on our financial statements.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 28, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Fair Value	DERIVATIVE FINANCIAL INSTRUMENTS The Company is exposed to various market risks relating to its ongoing business operations. From time to time, we use derivative financial instruments to mitigate our exposure to certain of these risks, including foreign exchange rate fluctuations. By using derivatives, the Company is further exposed to credit risk. Our exposure to credit risk includes the counterparty’s failure to fulfill its financial obligations under the terms of the derivative contract. The Company attempts to minimize its exposure by avoiding concentration risk among its counterparties and by entering into transactions with creditworthy counterparties. Foreign Currency Derivative Contracts The Company enters into foreign currency forward or option contracts to mitigate foreign currency risk associated with transacting with international customers, suppliers, and subsidiaries. The notional amounts and fair values of our outstanding foreign currency derivative contracts, which are recorded within Other current assets in our Consolidated Condensed Balance Sheets, were as follows: As of the Period Ended September 28, December 31, Notional amount (U.S. dollar equivalent) (a) $ 89.5 $ 258.4 Fair value of foreign currency derivative contracts (b) $ 0.5 $ 3.8 (a) The higher notional balance as of December 31, 2023 relates to a foreign currency derivative contract related to the purchase price of Svanehøj, which closed in January 2024. (b) Our foreign currency derivative contracts are classified within Level 2 of the fair value hierarchy because these contracts are not actively traded and the valuation inputs are based on market observable data of similar instruments. Gains or losses arising from changes in fair value of our foreign currency derivative contracts are recorded within General and administrative expenses in our Consolidated Condensed Statements of Operations, and were as follows: Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, Loss on foreign currency derivative contracts (a) $ (1.8) $ (1.4) $ (5.2) $ (4.6) (a) None of our derivative contracts were designated as hedging instruments under ASC 815 - Derivatives & Hedging . The cash flow impact upon settlement of our foreign currency derivative contracts is included in operating activities in our Consolidated Condensed Statements of Cash Flows. During the nine months ended September 28, 2024 and September 30, 2023, net cash (outflows)/inflows from foreign currency derivative contracts were $(3.4) and $2.4, respectively.

ACQUISITIONS Acquisitions (Note

ACQUISITIONS Acquisitions (Notes)	9 Months Ended
	Sep. 28, 2024
Acquisitions [Abstract]
Business Combination Disclosure [Text Block]	ACQUISITIONS AND DIVESTITURES Acquisitions On September 12, 2024, we completed the acquisition of 100% of the privately held stock of kSARIA for a preliminary purchase price of $461.9, net of cash acquired and including deferred consideration of $4.5 expected to be paid in 2025. The final price is subject to a customary working capital adjustment. kSARIA is a leading manufacturer of mission-critical cable assembly and networking application solutions primarily for the aerospace and defense market. kSARIA is headquartered in New Hampshire, with approximately 1,000 employees across five manufacturing sites in the U.S. and one in Mexico. kSARIA and its acquired subsidiaries generated sales of approximately $175 in 2023. Subsequent to the acquisition, kSARIA’s financial results are reported within our CCT segment. On January 19, 2024, the Company completed the acquisition of 100% of the privately held stock of Svanehøj for a purchase price of $407.6, net of cash acquired of $28.0. Svanehøj is a Denmark-based supplier of pumps and related aftermarket services with leading positions in cryogenic applications for the marine sector. Svanehøj employs approximately 400 employees and has operations in Denmark, Singapore and France. Svanehøj had sales of approximately $148 in 2023. Subsequent to the acquisition, Svanehøj’s financial results are reported within our IP segment. The primary areas of the purchase price allocations that are not yet finalized for kSARIA and Svanehøj relate to the valuation of certain tangible and intangible assets, liabilities, income tax, and residual goodwill, which represents the excess of the purchase price over the fair value of the net tangible and other intangible assets acquired. The Company expects to obtain the information necessary to finalize the fair value of the net assets and liabilities during the measurement periods, not to exceed one year from respective the acquisition dates. Changes to the preliminary estimates of the fair value during the measurement period will be recorded as adjustments to those assets and liabilities with a corresponding adjustment to goodwill in the period they occur. On May 2, 2023, the Company completed the acquisition of 100% of the privately held stock of Micro-Mode for a purchase price of $79.0, net of cash acquired. Micro-Mode is a specialty designer and manufacturer of high-bandwidth radio frequency (RF) connectors for harsh environment defense and space applications. Micro-Mode has a single manufacturing site near San Diego, California. Subsequent to the acquisition, Micro-Mode’s financial results are reported within our CCT segment. As of September 28, 2024, the allocation of the purchase price to the assets acquired and liabilities assumed was finalized related to our acquisition of Micro-Mode. The assets acquired and liabilities assumed for kSARIA, Svanehøj and Micro-Mode acquisitions were recorded at fair value and are shown in the table below. Allocation of Purchase Price kSARIA Svanehøj (Preliminary) Micro-Mode (Final) Receivables $ 28.1 $ 22.4 $ 2.7 Inventory 50.6 39.5 5.3 Plant, property and equipment 5.8 19.1 6.1 Goodwill (a) 276.0 215.6 44.9 Other intangible assets 166.0 212.6 28.7 Other assets 8.9 9.0 0.2 Accounts payable and accrued liabilities (27.9) (28.0) (2.6) Other liabilities (42.6) (52.8) (6.3) Contract liabilities (3.0) (29.8) — Net assets acquired $ 461.9 $ 407.6 $ 79.0 (a) Goodwill acquired with kSARIA is primarily attributable to the complementary nature of its product portfolio to ITT’s existing connectors portfolio. Goodwill related to the acquisition of Svanehøj is primarily attributable to future economic benefits expected from our entrance into the marine sector, our expanded presence in the energy market, and geographic expansion. Goodwill arising from acquisitions is not expected to be deductible for income tax purposes. Pro forma results of operations have not been presented because the acquisitions were not deemed significant as of the acquisition date. Divestiture of Wolverine Business On July 22, 2024, the Company completed the sale of its Wolverine business, part of the MT segment prior to the divestiture, to an unrelated third party for a preliminary price of $171. The final sale price is subject to a customary working capital adjustment. The transaction resulted in a pre-tax gain of $47.8 , including an estimated working capital recovery of $17.0. In connection with the divestiture, cumulative translation losses of $3.6 were reclassified out of Accumulated Other Comprehensive Loss and included in the gain on sale.

DESCRIPTION OF BUSINESS AND BAS

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION (Policies)	9 Months Ended
	Sep. 28, 2024
Accounting Policies [Abstract]
Description of Business	Description of Business ITT Inc. is a diversified manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and energy markets. Unless the context otherwise indicates, references herein to “ITT,” “the Company,” and such words as “we,” “us,” and “our” include ITT Inc. and its subsidiaries. ITT operates through three reportable segments: Motion Technologies (MT), consisting of friction and shock and vibration equipment; Industrial Process (IP), consisting of industrial flow equipment and services; and Connect & Control Technologies (CCT), consisting of electronic connectors, fluid handling, motion control, composite materials and noise and energy absorption products. Financial information for our segments is presented in Note 3, Segment Information . Business Combinations and Divestitures On January 19, 2024, we completed the acquisition of Svanehøj Group A/S (Svanehøj) for a purchase price of $407.6, net of cash acquired. Subsequent to the acquisition, Svanehøj’s results are reported within our IP segment. On September 12, 2024, we completed the acquisition of kSARIA Parent, Inc. (kSARIA) for a preliminary purchase price of $461.9, net of cash acquired. The final price is subject to a customary working capital adjustment. Subsequent to the acquisition, kSARIA’s results are reported within our CCT segment. On July 22, 2024, the Company completed the sale of its Wolverine Advanced Materials (Wolverine) business, part of the MT segment prior to the divestiture, to an unrelated third party for a preliminary price of $171 . The final price is subject to a customary working capital adjustment. The Company evaluates all disposal transactions to determine whether such disposal qualifies as discontinued operations in accordance with Accounting Standards Codification (ASC) 205-20, Discontinued Operations . We concluded that the divestiture does not qualify as a discontinued operation. On December 29, 2023, we completed the sale of our Matrix business, an aerospace and defense components manufacturer within our CCT segment, to a third party for total cash proceeds of $1.0. Refer to Note 18, Acquisitions and Divestitures , for more information.
Basis of Accounting	Basis of Presentation The unaudited consolidated condensed financial statements have been prepared pursuant to the rules and regulations of the SEC and, in the opinion of management, reflect all known adjustments (which consist primarily of normal, recurring accruals, estimates and assumptions) necessary to state fairly the financial position, results of operations, and cash flows for the periods presented. The Consolidated Condensed Balance Sheet as of December 31, 2023, presented herein, has been derived from our audited balance sheet included in our Annual Report on Form 10-K ( 2023 Annual Report ) for the year ended December 31, 2023, but does not include all disclosures required by accounting principles generally accepted in the United States (GAAP). We consistently applied the accounting policies described in the 2023 Annual Report in preparing these unaudited financial statements. These financial statements should be read in conjunction with the financial statements and notes thereto included in our 2023 Annual Report. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Estimates are revised as additional information becomes available. Estimates and assumptions are used for, but not limited to, revenue recognition, unrecognized tax benefits, deferred tax valuation allowances, projected benefit obligations for postretirement plans, accounting for business combinations, goodwill and other intangible asset impairment testing, environmental liabilities and assets, allowance for credit losses, inventory valuation, and assets held for sale. Actual results could differ from these estimates. ITT’s quarterly financial periods end on the Saturday that is closest to the last day of the calendar quarter, except for the last quarterly period of the fiscal year, which ends on December 31 st . ITT’s third quarter for 2024 and 2023 ended on September 28, 2024 and September 30, 2023, respectively. Certain prior year amounts have been reclassified to conform to the current year presentation.

RECENT ACCOUNTING PRONOUNCEME_2

RECENT ACCOUNTING PRONOUNCEMENTS Recent Accounting Pronouncements (Policies)	3 Months Ended
	Sep. 28, 2024
Recent Acconting Pronouncements [Abstract]
Recently Adopted Accounting Pronouncements	In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This ASU updates reportable segment disclosure requirements by requiring disclosures of significant reportable segment expenses that are regularly provided to the Chief Operating Decision Maker (CODM) and included within each reported measure of a segment's profit or loss. This ASU also requires disclosure of the title and position of the individual identified as the CODM and an explanation of how the CODM uses the reported measures of a segment’s profit or loss in assessing segment performance and deciding how to allocate resources. This ASU is effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Adoption of the ASU should be applied retrospectively to all prior periods presented in the financial statements. We are currently evaluating the impact that this guidance will have on the disclosures within our financial statements, and will adopt this ASU for the year ending December 31, 2024. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This ASU requires disclosure of specific categories in the rate reconciliation and additional information for reconciling items that meet a quantitative threshold. The amendment also includes other changes to improve the effectiveness of income tax disclosures, including further disaggregation of income taxes paid for individually significant jurisdictions. This ASU is effective for annual periods beginning after December 15, 2024. Adoption of this ASU should be applied on a prospective basis. Early adoption is permitted. We are currently evaluating the impact that this guidance will have on the disclosures within our financial statements, and expect to adopt this ASU for the year ending December 31, 2025.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 28, 2024
Segment Reporting [Abstract]
Reconciliation of Segment to Consolidated Results Table	The following table presents our revenue for each segment and reconciles our total segment revenue to total consolidated revenue. Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, Motion Technologies $ 344.9 $ 359.5 $ 1,121.8 $ 1,093.1 Industrial Process 333.8 279.8 998.4 839.9 Connect & Control Technologies 207.2 184.0 584.1 523.8 Total segment revenue 885.9 823.3 2,704.3 2,456.8 Eliminations (0.7) (1.2) (2.6) (2.9) Total consolidated revenue $ 885.2 $ 822.1 $ 2,701.7 $ 2,453.9
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	The following table presents our operating income for each segment and reconciles our total segment operating income to income from continuing operations before income tax. Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, Motion Technologies $ 110.0 $ 59.4 $ 251.8 $ 170.5 Industrial Process 69.8 64.7 199.4 186.4 Connect & Control Technologies 38.1 33.2 106.2 91.0 Total segment operating income 217.9 157.3 557.4 447.9 Other corporate costs (10.0) (14.2) (41.3) (38.5) Interest and non-operating expense, net (8.2) (1.4) (18.2) (7.4) Income from continuing operations before income tax $ 199.7 $ 141.7 $ 497.9 $ 402.0
Segment Operating Margin	The following table presents our operating margin for each segment. Segment operating margin is calculated as segment operating income divided by segment revenue . Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, Motion Technologies 31.9 % 16.5 % 22.4 % 15.6 % Industrial Process 20.9 % 23.1 % 20.0 % 22.2 % Connect & Control Technologies 18.4 % 18.0 % 18.2 % 17.4 %
Schedule of Segment Reporting Information	The following table presents our total assets, capital expenditures, and depreciation & amortization expense for each segment. As of and for the Nine Months Ended Total Assets Capital Depreciation & September 28, December 31, September 28, September 30, September 28, September 30, Motion Technologies $ 1,271.1 $ 1,366.6 $ 53.7 $ 44.9 $ 46.8 $ 49.3 Industrial Process 1,897.5 1,323.2 24.5 10.6 34.9 16.7 Connect & Control Technologies 1,367.0 834.6 8.6 11.7 17.1 14.9 Corporate and Other 408.9 408.2 0.7 1.3 1.9 1.9 Total $ 4,944.5 $ 3,932.6 $ 87.5 $ 68.5 $ 100.7 $ 82.8

REVENUE Revenue (Tables)

REVENUE Revenue (Tables)	9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue by End Market Table	The following tables present our revenue disaggregated by end market. For the Three Months Ended September 28, 2024 Motion Technologies Industrial Process Connect & Control Technologies Eliminations Total Auto and rail $ 341.0 $ — $ — $ 0.1 $ 341.1 Chemical and industrial pumps — 226.4 — — 226.4 Energy — 107.4 14.3 — 121.7 Aerospace and defense 1.9 — 128.0 — 129.9 General industrial 1.9 — 65.0 (0.8) 66.1 Total $ 344.8 $ 333.8 $ 207.3 $ (0.7) $ 885.2 For the Nine Months Ended September 28, 2024 Auto and rail $ 1,100.8 $ — $ — $ — $ 1,100.8 Chemical and industrial pumps — 675.7 — — 675.7 Energy — 322.7 40.8 — 363.5 Aerospace and defense 5.6 — 346.8 — 352.4 General industrial 15.3 — 196.6 (2.6) 209.3 Total $ 1,121.7 $ 998.4 $ 584.2 $ (2.6) $ 2,701.7	For the Three Months Ended September 30, 2023 Motion Technologies Industrial Process Connect & Control Technologies Eliminations Total Auto and rail $ 351.5 $ — $ — $ — $ 351.5 Chemical and industrial pumps — 219.7 — (0.1) 219.6 Energy — 60.1 13.6 — 73.7 Aerospace and defense 2.0 — 99.2 — 101.2 General industrial 6.0 — 71.2 (1.1) 76.1 Total $ 359.5 $ 279.8 $ 184.0 $ (1.2) $ 822.1 For the Nine Months Ended September 30, 2023 Auto and rail $ 1,067.5 $ — $ — $ — $ 1,067.5 Chemical and industrial pumps — 664.2 — (0.1) 664.1 Energy — 175.7 37.7 — 213.4 Aerospace and defense 5.9 — 280.2 — 286.1 General industrial 19.7 — 205.9 (2.8) 222.8 Total $ 1,093.1 $ 839.9 $ 523.8 $ (2.9) $ 2,453.9
Net Contract Assets and Liabilities Table	The following table represents our net contract assets and liabilities. As of the Period Ended September 28, December 31, Current contract assets $ 34.4 $ 25.8 Non-current contract assets 1.4 1.6 Current contract liabilities (a) (126.0) (95.9) Non-current contract liabilities (4.4) (4.5) Net contract liabilities $ (94.6) $ (73.0) (a) The increase in current contract liabilities from December 31, 2023 to September 28, 2024 was primarily driven by the acquisition of Svanehøj. Refer to Note 18, Acquisitions and Divestitures , for further information.

INCOME TAXES Income Tax Expense

INCOME TAXES Income Tax Expense (Tables)	9 Months Ended
	Sep. 28, 2024
Income Tax Disclosure [Abstract]
Inome Tax Expense (Benefit) Table	The following table summarizes our income tax expense and effective tax rate (ETR). Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, Income tax expense $ 37.8 $ 29.9 $ 103.6 $ 80.6 Effective tax rate 18.9 % 21.1 % 20.8 % 20.0 %

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 28, 2024
Earnings Per Share [Abstract]
Basic and Diluted Earnings Per Share Table	The following table provides a reconciliation of the data used in the calculation of basic and diluted earnings per share from continuing operations attributable to ITT. Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, Basic weighted average common shares outstanding 81.6 82.1 81.9 82.4 Add: Dilutive impact of outstanding equity awards 0.5 0.4 0.5 0.3 Diluted weighted average common shares outstanding 82.1 82.5 82.4 82.7 Anti-dilutive shares (a) — — 0.1 0.1 (a) Anti-dilutive shares related to equity stock unit awards excluded from the computation of diluted earnings per share.

RECEIVABLES, NET (Tables)

RECEIVABLES, NET (Tables)	9 Months Ended
	Sep. 28, 2024
Receivables [Abstract]
Receivables, Net by Type Table	The following table summarizes our receivables and associated allowance for credit losses. As of the Period Ended September 28, December 31, Trade accounts receivable $ 754.2 $ 641.3 Notes receivable 19.7 25.5 Other (a) 44.6 22.6 Receivables, gross 818.5 689.4 Less: Allowance for credit losses (16.5) (14.2) Receivables, net $ 802.0 $ 675.2
Allowance for Credit Losses Rollforward Table	The following table displays a rollforward of our total allowance for credit losses. September 28, September 30, Total allowance for credit losses - January 1 $ 14.2 $ 12.2 Charges to income 4.5 3.4 Write-offs (2.6) (1.2) Foreign currency and other 0.4 (0.1) Total allowance for credit losses - ending balance $ 16.5 $ 14.3

INVENTORIES, NET (Tables)

INVENTORIES, NET (Tables)	9 Months Ended
	Sep. 28, 2024
Inventory Disclosure [Abstract]
Inventories, Net Table	The following table summarizes our inventories. As of the Period Ended September 28, December 31, Raw materials $ 402.5 $ 366.6 Work in process 121.3 111.8 Finished goods 96.7 97.0 Inventories $ 620.5 $ 575.4

OTHER CURRENT AND NON-CURRENT_3

OTHER CURRENT AND NON-CURRENT ASSETS (Tables)	9 Months Ended
	Sep. 28, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Current and Non Current Assets Table	The following table summarizes our other current and non-current assets. As of the Period Ended September 28, December 31, Advance payments and other prepaid expenses $ 47.3 $ 55.3 Current contract assets, net 34.4 25.8 Prepaid income taxes 27.9 16.9 Other 17.8 19.9 Other current assets $ 127.4 $ 117.9 Other employee benefit-related assets $ 134.6 $ 128.6 Operating lease right-of-use assets 93.5 87.4 Deferred income taxes 77.7 76.0 Equity-method and other investments 47.8 46.6 Environmental-related assets 7.6 6.0 Capitalized software costs 6.1 7.9 Other 26.4 28.5 Other non-current assets $ 393.7 $ 381.0

PLANT, PROPERTY AND EQUIPMENT_2

PLANT, PROPERTY AND EQUIPMENT, NET (Tables)	9 Months Ended
	Sep. 28, 2024
Property, Plant and Equipment [Abstract]
Plant, Property and Equipment, Net Table	The following table summarizes our property, plant, and equipment, net of accumulated depreciation. Useful life September 28, December 31, Machinery and equipment 2 - 10 $ 1,326.7 $ 1,317.9 Buildings and improvements 5 - 40 316.9 298.4 Furniture, fixtures and office equipment 3 - 7 84.3 83.7 Construction work in progress 96.8 78.1 Land and improvements 26.9 29.5 Other 2.1 1.7 Plant, property and equipment, gross 1,853.7 1,809.3 Less: Accumulated depreciation (1,274.9) (1,248.3) Plant, property and equipment, net $ 578.8 $ 561.0 The following table summarizes our depreciation expense. Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, Depreciation expense $ 21.6 $ 21.8 $ 65.9 $ 62.9

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables)	9 Months Ended
	Sep. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in the Carrying Amount of Goodwill Table	The following table provides a rollforward of the carrying amount of goodwill by segment. Motion Industrial Connect & Control Total Goodwill - December 31, 2023 $ 292.3 $ 403.0 $ 321.0 $ 1,016.3 Acquired (a) — 215.6 276.0 491.6 Adjustments to purchase price allocations — — 0.6 0.6 Allocated to divestiture (16.0) — — (16.0) Foreign exchange translation 1.3 4.3 0.2 5.8 Goodwill - September 28, 2024 $ 277.6 $ 622.9 $ 597.8 $ 1,498.3 (a) Goodwill acquired for our IP and CCT segments is related to our acquisitions of Svanehøj and kSARIA, respectively, representing the preliminary calculation of the excess purchase price over the net assets acquired. Refer to Note 18, Acquisitions and Divestitures , for further information.
Other Intangible Assets Table	Other Intangible Assets, Net The following table summarizes our other intangible assets, net of accumulated amortization. September 28, 2024 December 31, 2023 Gross Accumulated Amortization Net Intangibles Gross Accumulated Amortization Net Intangibles Customer relationships $ 367.5 $ (88.3) $ 279.2 $ 202.4 $ (138.4) $ 64.0 Developed technology 110.5 (22.8) 87.7 61.5 (32.5) 29.0 Patents and other 65.3 (30.0) 35.3 22.0 (17.5) 4.5 Finite-lived intangible total 543.3 (141.1) 402.2 285.9 (188.4) 97.5 Indefinite-lived intangibles 60.7 — 60.7 19.1 — 19.1 Other intangible assets $ 604.0 $ (141.1) $ 462.9 $ 305.0 $ (188.4) $ 116.6
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination	The preliminary fair values of intangible assets acquired in connection with the purchase of Svanehøj total $212.6 and consist of the following: Useful life Fair value Customer relationships 16 $ 107.0 Developed technology 17 65.0 Trade name Indefinite 23.0 Backlog 1.25 17.0 Other 10 0.6 Total intangible assets acquired $ 212.6 The preliminary fair values of intangible assets acquired in connection with the purchase of kSARIA total $166.0, inclusive of customer relationships, backlog and trade names. Refer to Note 18, Acquisitions and Divestitures , for further information.
Finite-Lived Intangible Assets Amortization Expense	The following table summarizes our amortization expense related to finite-lived intangible assets. Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, Amortization expense $ 10.6 $ 5.6 $ 28.7 $ 15.4
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	E stimated amortization expense for each of the five succeeding years and thereafter is as follows: 2024 $ 18.6 2025 55.3 2026 29.0 2027 27.0 2028 27.0 Thereafter $ 245.3

ACCRUED AND OTHER CURRENT LIA_2

ACCRUED AND OTHER CURRENT LIABILITIES AND OTHER NON-CURRENT LIABILITIES (Tables)	9 Months Ended
	Sep. 28, 2024
Payables and Accruals [Abstract]
Accrued Liabilities and Other Non-Current Liabilities	The following table summarizes our accrued liabilities and other non-current liabilities. As of the Period Ended September 28, December 31, Compensation and other employee-related benefits $ 151.8 $ 165.5 Contract liabilities and other customer-related liabilities 169.9 133.6 Accrued income taxes and other tax-related liabilities 36.2 30.7 Operating lease liabilities 21.8 19.5 Accrued warranty costs 16.8 14.0 Environmental liabilities and other legal matters 4.6 5.8 Accrued restructuring costs 2.9 4.8 Other 47.7 39.2 Accrued and other current liabilities $ 451.7 $ 413.1 Deferred income taxes and other tax-related liabilities (a) $ 104.4 $ 25.0 Operating lease liabilities 76.9 72.3 Environmental liabilities 49.9 52.0 Compensation and other employee-related benefits 39.3 38.0 Other 40.8 24.0 Other non-current liabilities $ 311.3 $ 211.3 (a) The increase in deferred income taxes and other tax-related liabilities primarily relates to deferred tax liabilities recognized in connection with the acquisitions of Svanehøj and kSARIA.

DEBT Debt (Tables)

DEBT Debt (Tables)	9 Months Ended
	Sep. 28, 2024
Debt Disclosure [Abstract]
Schedule of Debt Table	The following table summarizes our outstanding debt obligations. As of the Period Ended September 28, December 31, Commercial paper (a) $ 359.6 $ 184.9 Current maturities of long-term debt 2.5 2.3 Short-term loans 0.5 0.5 Total short-term borrowings 362.6 187.7 Non-current maturities of long-term debt (b) 467.8 5.7 Total debt and finance leases $ 830.4 $ 193.4 (a) The associated weighted average interest rates as of September 28, 2024 and December 31, 2023 were 5.12% and 5.61%, respectively. Outstanding commercial paper for both periods had maturity terms less than three months from the date of issuance. (b) Long-term debt is primarily related to a term loan that the Company entered into in September 2024 in connection with the acquisition of kSARIA. See additional details in section titled, “ U.S. Term Loan ”, below.
Schedule of Maturities of Long-Term Debt	The following table provides the future maturities related to the outstanding balance as of September 28, 2024. 2024 $ — 2025 — 2026 — September 2027 464.0 Total maturities $ 464.0

LONG-TERM INCENTIVE EMPLOYEE _3

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION (Tables)	9 Months Ended
	Sep. 28, 2024
Share-Based Payment Arrangement [Abstract]
Long-Term Incentive Employee Compensation Costs Table	The following table summarizes our LTIP costs. Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, Equity-based awards $ 6.1 $ 5.0 $ 19.8 $ 15.1 Liability-based awards 0.7 0.4 2.0 1.2 Total share-based compensation expense $ 6.8 $ 5.4 $ 21.8 $ 16.3
Summary of Long-Term Incentive Plan Award Grants Table	During the nine months ended September 28, 2024, we granted the following LTIP awards as provided in the table below: # of Awards Granted Weighted Average Grant Date Fair Value Per Share Restricted stock units (RSUs) 0.2 $ 129.26 Performance stock units (PSUs) 0.1 $ 143.20

Capital Stock (Tables)

Capital Stock (Tables)	9 Months Ended
	Sep. 28, 2024
Equity [Abstract]
LTIP Net Share Settlement of Stock Incentive Plans	The following table summarizes Company share withholdings related to net shares settlement of stock incentive plans. Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, Shares withheld for taxes related to net share settlement of stock incentive plans — — 0.1 0.1 Payments for taxes related to net share settlement of stock incentive plans $ 0.3 $ 0.3 $ 13.2 $ 6.7
Schedule of Repurchase Agreements	Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, Shares repurchased and retired 0.2 — 0.8 0.7 Cost of share repurchases $ 25.0 $ — $ 104.0 $ 60.5

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 28, 2024
Commitments and Contingencies Disclosure [Abstract]
Rollforward of Environmental Liability and Related Assets Table	The following table provides a rollforward of our estimated environmental liability. For the Nine Months Ended September 28, September 30, Environmental liability - beginning balance $ 56.0 $ 57.1 Change in estimates for pre-existing accruals: Continuing operations 0.3 0.8 Discontinued operations 0.3 — Payments (2.7) (2.9) Foreign currency — (0.1) Environmental liability - ending balance $ 53.9 $ 54.9
Range of Environmental Liability and Number of Sites	The following table illustrates the reasonably possible high range of estimated liability and number of active sites. As of the Period Ended September 28, December 31, High-end estimate of environmental liability $ 94.7 $ 98.2 Number of open environmental sites 26 26

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 28, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Open Forward Foreign Currency Contract	The notional amounts and fair values of our outstanding foreign currency derivative contracts, which are recorded within Other current assets in our Consolidated Condensed Balance Sheets, were as follows: As of the Period Ended September 28, December 31, Notional amount (U.S. dollar equivalent) (a) $ 89.5 $ 258.4 Fair value of foreign currency derivative contracts (b) $ 0.5 $ 3.8 (a) The higher notional balance as of December 31, 2023 relates to a foreign currency derivative contract related to the purchase price of Svanehøj, which closed in January 2024. (b) Our foreign currency derivative contracts are classified within Level 2 of the fair value hierarchy because these contracts are not actively traded and the valuation inputs are based on market observable data of similar instruments. Gains or losses arising from changes in fair value of our foreign currency derivative contracts are recorded within General and administrative expenses in our Consolidated Condensed Statements of Operations, and were as follows: Three Months Ended Nine Months Ended September 28, September 30, September 28, September 30, Loss on foreign currency derivative contracts (a) $ (1.8) $ (1.4) $ (5.2) $ (4.6) (a) None of our derivative contracts were designated as hedging instruments under ASC 815 - Derivatives & Hedging .

ACQUISITIONS Acquisitions (Tabl

ACQUISITIONS Acquisitions (Tables)	9 Months Ended
	Sep. 28, 2024
Acquisitions [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The assets acquired and liabilities assumed for kSARIA, Svanehøj and Micro-Mode acquisitions were recorded at fair value and are shown in the table below. Allocation of Purchase Price kSARIA Svanehøj (Preliminary) Micro-Mode (Final) Receivables $ 28.1 $ 22.4 $ 2.7 Inventory 50.6 39.5 5.3 Plant, property and equipment 5.8 19.1 6.1 Goodwill (a) 276.0 215.6 44.9 Other intangible assets 166.0 212.6 28.7 Other assets 8.9 9.0 0.2 Accounts payable and accrued liabilities (27.9) (28.0) (2.6) Other liabilities (42.6) (52.8) (6.3) Contract liabilities (3.0) (29.8) — Net assets acquired $ 461.9 $ 407.6 $ 79.0 (a) Goodwill acquired with kSARIA is primarily attributable to the complementary nature of its product portfolio to ITT’s existing connectors portfolio. Goodwill related to the acquisition of Svanehøj is primarily attributable to future economic benefits expected from our entrance into the marine sector, our expanded presence in the energy market, and geographic expansion. Goodwill arising from acquisitions is not expected to be deductible for income tax purposes.

DESCRIPTION OF BUSINESS AND B_2

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Additional Information (Details) - USD ($) $ in Millions					9 Months Ended
	Sep. 12, 2024	Jul. 22, 2024	Jan. 19, 2024	Dec. 29, 2023	Sep. 28, 2024	Sep. 30, 2023
Business Combination [Abstract]
Acquisitions, net of cash acquired					$ 864.8	$ 79.3
Wolverine
Business Combination [Abstract]
Proceeds from Divestiture of Businesses		$ 171
Matrix
Business Combination [Abstract]
Proceeds from Divestiture of Businesses				$ 1
Svanehoj
Business Combination [Abstract]
Acquisitions, net of cash acquired			$ 407.6
kSARIA
Business Combination [Abstract]
Acquisitions, net of cash acquired	$ 461.9

SEGMENT INFORMATION - Segment R

SEGMENT INFORMATION - Segment Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Revenues	$ 885.2	$ 822.1	$ 2,701.7	$ 2,453.9
Segment Results [Member]
Segment Reporting Information [Line Items]
Revenues	885.9	823.3	2,704.3	2,456.8
Motion Technologies
Segment Reporting Information [Line Items]
Revenues	344.9	359.5	1,121.8	1,093.1
Industrial Process
Segment Reporting Information [Line Items]
Revenues	333.8	279.8	998.4	839.9
Connect & Control Technologies
Segment Reporting Information [Line Items]
Revenues	207.2	184	584.1	523.8
Eliminations
Segment Reporting Information [Line Items]
Revenues	$ (0.7)	$ (1.2)	$ (2.6)	$ (2.9)

SEGMENT INFORMATION - Segment O

SEGMENT INFORMATION - Segment Operating Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Operating income	$ 207.9	$ 143.1	$ 516.1	$ 409.4
Interest and non-operating expense, net	(8.2)	(1.4)	(18.2)	(7.4)
Income from continuing operations before income tax	199.7	141.7	497.9	402
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating income	217.9	157.3	557.4	447.9
Motion Technologies
Segment Reporting Information [Line Items]
Operating income	110	59.4	251.8	170.5
Industrial Process
Segment Reporting Information [Line Items]
Operating income	69.8	64.7	199.4	186.4
Connect & Control Technologies
Segment Reporting Information [Line Items]
Operating income	38.1	33.2	106.2	91
Other corporate costs
Segment Reporting Information [Line Items]
Operating income	$ (10)	$ (14.2)	$ (41.3)	$ (38.5)

SEGMENT INFORMATION - Segment_2

SEGMENT INFORMATION - Segment Operating Margin (Details)	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Motion Technologies
Segment Reporting Information [Line Items]
Operating Margin	31.90%	16.50%	22.40%	15.60%
Industrial Process
Segment Reporting Information [Line Items]
Operating Margin	20.90%	23.10%	20%	22.20%
Connect & Control Technologies
Segment Reporting Information [Line Items]
Operating Margin	18.40%	18%	18.20%	17.40%

SEGMENT INFORMATION - Schedule

SEGMENT INFORMATION - Schedule of Segment Reporting Information by Segment Assets (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total Assets	$ 4,944.5		$ 3,932.6
Capital Expenditures	87.5	$ 68.5
Depreciation & Amortization	100.7	82.8
Motion Technologies
Segment Reporting Information [Line Items]
Total Assets	1,271.1		1,366.6
Capital Expenditures	53.7	44.9
Depreciation & Amortization	46.8	49.3
Industrial Process
Segment Reporting Information [Line Items]
Total Assets	1,897.5		1,323.2
Capital Expenditures	24.5	10.6
Depreciation & Amortization	34.9	16.7
Connect & Control Technologies
Segment Reporting Information [Line Items]
Total Assets	1,367		834.6
Capital Expenditures	8.6	11.7
Depreciation & Amortization	17.1	14.9
Corporate and Other
Segment Reporting Information [Line Items]
Total Assets	408.9		$ 408.2
Capital Expenditures	0.7	1.3
Depreciation & Amortization	$ 1.9	$ 1.9

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) $ in Millions	9 Months Ended
	Sep. 28, 2024 Segment	Sep. 30, 2023 USD ($)
Segment Reporting [Abstract]
Number of Reportable Segments | Segment	3
Italian Government Energy Subsidy Grant | $		$ 6.3

REVENUE Revenue (Details)

REVENUE Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 885.2	$ 822.1	$ 2,701.7	$ 2,453.9
Auto and rail
Disaggregation of Revenue [Line Items]
Revenue		351.5	1,100.8	1,067.5
Chemical and industrial pumps
Disaggregation of Revenue [Line Items]
Revenue		219.6	675.7	664.1
Energy
Disaggregation of Revenue [Line Items]
Revenue		73.7	363.5	213.4
Aerospace and defense
Disaggregation of Revenue [Line Items]
Revenue		101.2	352.4	286.1
General industrial
Disaggregation of Revenue [Line Items]
Revenue		76.1	209.3	222.8
Eliminations
Disaggregation of Revenue [Line Items]
Revenue	(0.7)	(1.2)	(2.6)	(2.9)
Eliminations | Auto and rail
Disaggregation of Revenue [Line Items]
Revenue	0.1	0	0	0
Eliminations | Chemical and industrial pumps
Disaggregation of Revenue [Line Items]
Revenue	0	(0.1)	0	(0.1)
Eliminations | Energy
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Eliminations | Aerospace and defense
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Eliminations | General industrial
Disaggregation of Revenue [Line Items]
Revenue	(0.8)	(1.1)	(2.6)	(2.8)
Motion Technologies
Disaggregation of Revenue [Line Items]
Revenue	344.8	359.5	1,121.7	1,093.1
Motion Technologies | Auto and rail
Disaggregation of Revenue [Line Items]
Revenue	341	351.5	1,100.8	1,067.5
Motion Technologies | Chemical and industrial pumps
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Motion Technologies | Energy
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Motion Technologies | Aerospace and defense
Disaggregation of Revenue [Line Items]
Revenue	1.9	2	5.6	5.9
Motion Technologies | General industrial
Disaggregation of Revenue [Line Items]
Revenue	1.9	6	15.3	19.7
Industrial Process
Disaggregation of Revenue [Line Items]
Revenue	333.8	279.8	998.4	839.9
Industrial Process | Auto and rail
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Industrial Process | Chemical and industrial pumps
Disaggregation of Revenue [Line Items]
Revenue	226.4	219.7	675.7	664.2
Industrial Process | Energy
Disaggregation of Revenue [Line Items]
Revenue	107.4	60.1	322.7	175.7
Industrial Process | Aerospace and defense
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Industrial Process | General industrial
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Connect & Control Technologies
Disaggregation of Revenue [Line Items]
Revenue	207.3	184	584.2	523.8
Connect & Control Technologies | Auto and rail
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Connect & Control Technologies | Chemical and industrial pumps
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Connect & Control Technologies | Energy
Disaggregation of Revenue [Line Items]
Revenue	14.3	13.6	40.8	37.7
Connect & Control Technologies | Aerospace and defense
Disaggregation of Revenue [Line Items]
Revenue	128	99.2	346.8	280.2
Connect & Control Technologies | General industrial
Disaggregation of Revenue [Line Items]
Revenue	$ 65	$ 71.2	$ 196.6	$ 205.9

REVENUE Contract Assets and Lia

REVENUE Contract Assets and Liabilities (Details) - USD ($) $ in Millions	Sep. 28, 2024		Dec. 31, 2023
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Abstract]
Current contract assets	$ 34.4		$ 25.8
Non-current contract assets	1.4		1.6
Current contract liabilities(a)	(126)	[1]	(95.9)
Non-current contract liabilities	(4.4)		(4.5)
Net contract liabilities	$ 94.6		$ 73
[1] The increase in current contract liabilities from December 31, 2023 to September 28, 2024 was primarily driven by the acquisition of Svanehøj. Refer to Note 18, Acquisitions and Divestitures

REVENUE Revenue Textuals (Detai

REVENUE Revenue Textuals (Details) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 28, 2024 USD ($)	Sep. 28, 2024 USD ($)
Contract with Customer, Liability, Revenue Recognized	$ 20	$ 70.1
Revenue, Remaining Performance Obligation, Amount	1,661.3	1,661.3
Remaining Current Fiscal Year [Member] | Minimum [Member]
Revenue, Remaining Performance Obligation, Amount	640	640
Remaining Current Fiscal Year [Member] | Maximum [Member]
Revenue, Remaining Performance Obligation, Amount	$ 660	$ 660

INCOME TAXES Income Tax Expen_2

INCOME TAXES Income Tax Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income tax expense	$ 37.8	$ 29.9	$ 103.6	$ 80.6
Effective tax rate	18.90%	21.10%	20.80%	20%
Deferred tax asset valuation allowance reversal	$ 0	$ 0	$ 0	$ 1.4
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ 0.5		$ 0.5

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Valuation Allowance [Line Items]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 0	$ 0	$ 0	$ (1.4)
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ 0.5		$ 0.5
ITALY
Valuation Allowance [Line Items]
Tax Adjustments, Settlements, and Unusual Provisions				14.3
GERMANY
Valuation Allowance [Line Items]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount		$ (16.3)
UNITED STATES
Valuation Allowance [Line Items]
Tax Adjustments, Settlements, and Unusual Provisions				$ 4.9

EARNINGS PER SHARE DATA - Basic

EARNINGS PER SHARE DATA - Basic and Diluted Loss Per Share (Detail) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Weighted average common shares – basic	81.6	82.1	81.9	82.4
Add: Dilutive impact of outstanding equity awards	0.5	0.4	0.5	0.3
Diluted weighted average common shares outstanding	82.1	82.5	82.4	82.7

EARNINGS PER SHARE DATA - Anti-

EARNINGS PER SHARE DATA - Anti-Dilutive Equity Award Units Excluded from the Computation of Diluted Earnings (Loss) (Detail) - shares shares in Millions		3 Months Ended		9 Months Ended
		Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	[1]	0	0	0.1	0.1
[1] (a) Anti-dilutive shares related to equity stock unit awards excluded from the computation of diluted earnings per share.

RECEIVABLES, NET - (Detail)

RECEIVABLES, NET - (Detail) - USD ($) $ in Millions	Sep. 28, 2024		Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade accounts receivable	$ 754.2		$ 641.3
Notes receivable	19.7		25.5
Other (a)	44.6	[1]	22.6
Receivables, gross	818.5		689.4
Less: Allowance for credit losses	(16.5)		(14.2)
Receivables, net	$ 802		$ 675.2
[1]Other receivables as of September 28, 2024 include $17.0 estimated working capital recovery related to the sale of the Wolverine business.

RECEIVABLES, NET Allowance for

RECEIVABLES, NET Allowance for Credit Losses Rollforward (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023
Credit Loss [Abstract]
Total allowance for credit losses - January 1	$ 14.2	$ 12.2
Charges to income	4.5	3.4
Write-offs	(2.6)	(1.2)
Foreign currency and other	0.4	(0.1)
Total allowance for credit losses - ending balance	$ 16.5	$ 14.3

RECEIVABLES, NET Textuals (Deta

RECEIVABLES, NET Textuals (Details) $ in Millions	Sep. 28, 2024 USD ($)
Wolverine
Working Capital Recovery Related to Divestiture	$ 17

INVENTORIES, NET - Components o

INVENTORIES, NET - Components of Inventories, Net (Detail) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 402.5	$ 366.6
Work in process	121.3	111.8
Finished goods	96.7	97
Inventories	$ 620.5	$ 575.4

INVENTORIES, NET Textuals (Deta

INVENTORIES, NET Textuals (Details) $ in Millions	9 Months Ended
	Sep. 30, 2023 USD ($)
Inventory Disclosure [Abstract]
Italian Government Energy Subsidy Grant	$ 6.3

PLANT, PROPERTY AND EQUIPMENT_3

PLANT, PROPERTY AND EQUIPMENT, NET - Components of Plant, Property and Equipment, Net (Detail) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Machinery and equipment	$ 1,326.7	$ 1,317.9
Buildings and improvements	316.9	298.4
Furniture, fixtures and office equipment	84.3	83.7
Construction work in progress	96.8	78.1
Land and improvements	26.9	29.5
Other	2.1	1.7
Plant, property and equipment, gross	1,853.7	1,809.3
Less: Accumulated depreciation	(1,274.9)	(1,248.3)
Plant, property and equipment, net	$ 578.8	$ 561

PLANT, PROPERTY AND EQUIPMENT_4

PLANT, PROPERTY AND EQUIPMENT, NET (Details) - Estimated Useful Lives	Sep. 28, 2024
Minimum [Member] | Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	2 years
Minimum [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Minimum [Member] | Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Maximum [Member] | Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Maximum [Member] | Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Maximum [Member] | Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	7 years

PLANT, PROPERTY AND EQUIPMENT_5

PLANT, PROPERTY AND EQUIPMENT, NET - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 21.6	$ 21.8	$ 65.9	$ 62.9

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS, NET - Changes in the Carrying Amount of Goodwill (Detail) $ in Millions	9 Months Ended
	Sep. 28, 2024 USD ($)
Goodwill [Roll Forward]
Goodwill - December 31, 2023	$ 1,016.3
Acquired(a)	491.6	[1]
Adjustments to purchase price allocations	0.6
Allocated to divestiture	(16)
Foreign exchange translation	5.8
Goodwill - September 28, 2024	1,498.3
Motion Technologies
Goodwill [Roll Forward]
Goodwill - December 31, 2023	292.3
Acquired(a)	0
Adjustments to purchase price allocations	0
Allocated to divestiture	(16)
Foreign exchange translation	1.3
Goodwill - September 28, 2024	277.6
Industrial Process
Goodwill [Roll Forward]
Goodwill - December 31, 2023	403
Acquired(a)	215.6	[1]
Adjustments to purchase price allocations	0
Allocated to divestiture	0
Foreign exchange translation	4.3
Goodwill - September 28, 2024	622.9
Connect & Control Technologies
Goodwill [Roll Forward]
Goodwill - December 31, 2023	321
Acquired(a)	276	[1]
Adjustments to purchase price allocations	0.6
Allocated to divestiture	0
Foreign exchange translation	0.2
Goodwill - September 28, 2024	$ 597.8
[1] (a) Goodwill acquired for our IP and CCT segments is related to our acquisitions of Svanehøj and kSARIA, respectively, representing the preliminary calculation of the excess purchase price over the net assets acquired. Refer to Note 18, Acquisitions and Divestitures , for further information.

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS, NET Other Intangible Assets (Detail) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 31, 2023
Intangible Assets, Gross (Excluding Goodwill) [Abstract]
Finite-lived intangible total	$ 543.3	$ 285.9
Indefinite-lived intangibles	60.7	19.1
Other intangible assets	604	305
Accumulated Amortization	(141.1)	(188.4)
Finite-live intangible asset, net of accumulated amortization	402.2	97.5
Other intangible assets	462.9	116.6
Customer relationships
Intangible Assets, Gross (Excluding Goodwill) [Abstract]
Customer relationships	367.5	202.4
Accumulated Amortization	(88.3)	(138.4)
Finite-live intangible asset, net of accumulated amortization	279.2	64
Developed technology
Intangible Assets, Gross (Excluding Goodwill) [Abstract]
Developed technology	110.5	61.5
Accumulated Amortization	(22.8)	(32.5)
Finite-live intangible asset, net of accumulated amortization	87.7	29
Patents and other
Intangible Assets, Gross (Excluding Goodwill) [Abstract]
Patents and other	65.3	22
Accumulated Amortization	(30)	(17.5)
Finite-live intangible asset, net of accumulated amortization	$ 35.3	$ 4.5

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS, NET - ACQUISITION (Details) - Svanehoj $ in Millions	Jan. 19, 2024 USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Total intangible assets acquired	$ 212.6
Trade name
Acquired Finite-Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets Acquired	$ 23
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	16 years
Total intangible assets acquired	$ 107
Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	17 years
Total intangible assets acquired	$ 65
Backlog
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	1 year 3 months
Total intangible assets acquired	$ 17
Other
Acquired Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	10 years
Total intangible assets acquired	$ 0.6

GOODWILL AND OTHER INTANGIBLE_6

GOODWILL AND OTHER INTANGIBLE ASSETS, NET Schedule of Estimated Future Intangible Amortization by Year (Details) $ in Millions	Sep. 28, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 18.6
2025	55.3
2026	29
2027	27
2028	27
Thereafter	$ 245.3

GOODWILL AND OTHER INTANGIBLE_7

GOODWILL AND OTHER INTANGIBLE ASSETS, NET Intangibles Textuals (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023	Sep. 12, 2024	Jan. 19, 2024
Amortization of Intangible Assets	$ 10.6	$ 5.6	$ 28.7	$ 15.4
Svanehoj
Other intangible assets						$ 212.6
kSARIA
Other intangible assets					$ 166

ACCRUED AND OTHER CURRENT LIA_3

ACCRUED AND OTHER CURRENT LIABILITIES AND OTHER NON-CURRENT LIABILITIES - (Detail) - USD ($) $ in Millions	Sep. 28, 2024		Dec. 31, 2023
Payables and Accruals [Abstract]
Compensation and other employee-related benefits	$ 151.8		$ 165.5
Contract liabilities and other customer-related liabilities	169.9		133.6
Accrued income taxes and other tax-related liabilities	36.2		30.7
Operating lease liabilities	21.8		19.5
Accrued warranty costs	16.8		14
Environmental liabilities and other legal matters	4.6		5.8
Accrued restructuring costs	2.9		4.8
Other	47.7		39.2
Accrued and other current liabilities	451.7		413.1
Deferred income taxes and other tax-related liabilities(a)	104.4	[1]	25
Operating lease liabilities	76.9		72.3
Environmental liabilities	49.9		52
Compensation and other employee-related benefits	39.3		38
Other	40.8		24
Other non-current liabilities	$ 311.3		$ 211.3
[1]The increase in deferred income taxes and other tax-related liabilities primarily relates to deferred tax liabilities recognized in connection with the acquisitions of Svanehøj and kSARIA.

Supply Chain Financing (Details

Supply Chain Financing (Details) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 31, 2023
Supply Chain Financing Program
Accounts Payable, Other, Current	$ 24.4	$ 19.7

DEBT Debt (Details)

DEBT Debt (Details) - USD ($) $ in Millions		Sep. 28, 2024		Dec. 31, 2023
Debt Disclosure [Abstract]
Commercial paper(a)	[1]	$ 359.6		$ 184.9
Current maturities of long-term debt		2.5		2.3
Short-term loans		0.5		0.5
Total short-term borrowings		362.6		187.7
Non-current maturities of long-term debt(b)		467.8	[2]	5.7
Total debt and finance leases		$ 830.4		$ 193.4
UNITED STATES
Line of Credit Facility [Line Items]
Weighted Average Interest Rate		5.12%		5.61%
[1]The associated weighted average interest rates as of September 28, 2024 and December 31, 2023 were 5.12% and 5.61%, respectively. Outstanding commercial paper for both periods had maturity terms less than three months from the date of issuance.[2]Long-term debt is primarily related to a term loan that the Company entered into in September 2024 in connection with the acquisition of kSARIA. See additional details in section titled, “ U.S. Term Loan ”, below.

DEBT US Term Loan (Details)

DEBT US Term Loan (Details) - USD ($) $ in Millions	Sep. 28, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term debt	$ 467.8	$ 5.7
Term Loan
Debt Instrument [Line Items]
2024	0
2025	0
2026	0
September 2027	464
Total maturities	464
Long-term debt	464
Debt Issuance Costs, Net	$ 0.9
Long-Term Debt, Percentage Bearing Variable Interest, Percentage Rate	6.26%

DEBT Italian Term Loan (Details

DEBT Italian Term Loan (Details) - Italian Term Loan $ in Millions	3 Months Ended	9 Months Ended
	Sep. 28, 2024 USD ($)	Sep. 28, 2024 USD ($)
Debt Instrument [Line Items]
Proceeds from Issuance of Debt	$ 301.5
Repayments of Debt	175	$ 275
Debt Issuance Costs, Gross	$ 1.8	$ 1.8

DEBT Short-term Loans (Details)

DEBT Short-term Loans (Details) $ in Millions	9 Months Ended
	Sep. 28, 2024 USD ($)
2014 Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Aggregate Borrowing Capacity	$ 500
2021 Revolving Credit Facility Member
Line of Credit Facility [Line Items]
Line of Credit Facility, Aggregate Borrowing Capacity	700
Line of Credit Facility, Incremental Borrowing Capacity Maximum	350
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,050
Line of Credit Facility, Interest Margin Above LIBOR	1.10%
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.15%

LONG-TERM INCENTIVE EMPLOYEE _4

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION - Summary of Long-Term Incentive Plan Awards (Detail) shares in Millions	9 Months Ended
	Sep. 28, 2024 $ / shares shares
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Awards Granted | shares	0.2
Grant Date Fair Value | $ / shares	$ 129.26
Performance Stock Unit [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Awards Granted | shares	0.1
Grant Date Fair Value | $ / shares	$ 143.20

LONG-TERM INCENTIVE EMPLOYEE _5

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION - Additional Information (Detail) - USD ($) shares in Millions, $ in Millions	9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proceeds from the exercise of stock options	$ 0.2	$ 0.6
Equity Based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 38.4
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	1 year 10 months 24 days
Liability Based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 3.9
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	2 years
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock vested during period	0.1	0.1
Performance Stock Unit [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock vested during period	0.1	0.1

CAPITAL STOCK Repurchase Progra

CAPITAL STOCK Repurchase Program (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Cost of share repurchases	$ 25.3		$ 104.9	$ 60.5
Share Repurchase Program
Shares repurchased and retired	0.2	0	0.8	0.7
Cost of share repurchases	$ 25	$ 0	$ 104	$ 60.5

CAPITAL STOCK Net Settlement of

CAPITAL STOCK Net Settlement of LTIP (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Equity [Abstract]
Number of shares repurchased under settlement of employee tax withholding obligations	0	0	0.1	0.1
Shares repurchased aggregate value under settlement of employee tax withholding obligations	$ 0.3	$ 0.3	$ 13.2	$ 6.7

COMMITMENTS AND CONTINGENCIES R

COMMITMENTS AND CONTINGENCIES Rollforward of Environmental Liability and Related Assets (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 28, 2024	Sep. 30, 2023
Loss Contingency Accrual [Roll Forward]
Environmental liability - beginning balance	$ 56	$ 57.1
Payments	(2.7)	(2.9)
Foreign currency	0	(0.1)
Environmental liability - ending balance	53.9	54.9
Continuing operations
Loss Contingency Accrual [Roll Forward]
Change in estimates for pre-existing accruals:	0.3	0.8
Discontinued operations
Loss Contingency Accrual [Roll Forward]
Change in estimates for pre-existing accruals:	$ 0.3	$ 0

COMMITMENTS AND CONTINGENCIES E

COMMITMENTS AND CONTINGENCIES Environmental Matters Textuals (Details) $ in Millions	Sep. 28, 2024 USD ($) site	Sep. 30, 2023 USD ($) site
Site Contingency [Line Items]
Environmental-related assets	$ 8.1	$ 10
Environmental Related Matters [Member]
Site Contingency [Line Items]
Number Of Active Environmental Investigation And Remediation Sites | site	26	26
Maximum [Member] | Environmental Related Matters [Member]
Site Contingency [Line Items]
Loss Contingency, Range of Possible Loss, Maximum	$ 94.7	$ 98.2

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Notional amount (U.S. dollar equivalent)(a)		$ 89.5		$ 89.5		$ 258.4
Fair value of foreign currency derivative contracts(b)	[1]	0.5		0.5		$ 3.8
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	[2]	$ (1.8)	$ (1.4)	(5.2)	$ (4.6)
Cash inflow (outflow) from settlement of foreign currency derivative contracts				$ (3.4)	$ 2.4
[1]Our foreign currency derivative contracts are classified within Level 2 of the fair value hierarchy because these contracts are not actively traded and the valuation inputs are based on market observable data of similar instruments.[2]None of our derivative contracts were designated as hedging instruments under ASC 815 - Derivatives & Hedging .

ACQUISITIONS Allocation of Purc

ACQUISITIONS Allocation of Purchase Price Table (Details) - USD ($) $ in Millions		Sep. 28, 2024	Sep. 12, 2024	Jan. 19, 2024	Dec. 31, 2023	May 02, 2023
Business Acquisition [Line Items]
Goodwill		$ 1,498.3			$ 1,016.3
kSARIA
Business Acquisition [Line Items]
Receivables			$ 28.1
Inventory			50.6
Plant, property and equipment			5.8
Goodwill	[1]		276
Other intangible assets			166
Other assets			8.9
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities			(27.9)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other			(42.6)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Deferred Revenue			(3)
Net assets acquired			$ 461.9
Svanehoj
Business Acquisition [Line Items]
Receivables				$ 22.4
Inventory				39.5
Plant, property and equipment				19.1
Goodwill	[1]			215.6
Other intangible assets				212.6
Other assets				9
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities				(28)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other				(52.8)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Deferred Revenue				(29.8)
Net assets acquired				$ 407.6
Micro-Mode
Business Acquisition [Line Items]
Receivables						$ 2.7
Inventory						5.3
Plant, property and equipment						6.1
Goodwill						44.9
Other intangible assets						28.7
Other assets						0.2
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities						(2.6)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other						(6.3)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Deferred Revenue						0
Net assets acquired						$ 79
[1]Goodwill acquired with kSARIA is primarily attributable to the complementary nature of its product portfolio to ITT’s existing connectors portfolio. Goodwill related to the acquisition of Svanehøj is primarily attributable to future economic benefits expected from our entrance into the marine sector, our expanded presence in the energy market, and geographic expansion. Goodwill arising from acquisitions is not expected to be deductible for income tax purposes.

ACQUISITIONS Acquisitions Textu

ACQUISITIONS Acquisitions Textuals (Details) - USD ($) $ in Millions			9 Months Ended
	Sep. 12, 2024	Jan. 19, 2024	Sep. 28, 2024	Sep. 30, 2023
Business Acquisition [Line Items]
Acquisitions, net of cash acquired			$ 864.8	$ 79.3
Svanehoj
Business Acquisition [Line Items]
Acquisitions, net of cash acquired		$ 407.6
Revenue of Acquired Entity for Last Annual Period		148
Cash Acquired in Excess of Payments to Acquire Business		$ 28
kSARIA
Business Acquisition [Line Items]
Acquisitions, net of cash acquired	$ 461.9
Revenue of Acquired Entity for Last Annual Period	175
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	$ 4.5

DIVESTITURE - Wolverine (Detail

DIVESTITURE - Wolverine (Details) - USD ($) $ in Millions			3 Months Ended		9 Months Ended
	Sep. 12, 2024	Jul. 22, 2024	Sep. 28, 2024	Sep. 30, 2023	Sep. 28, 2024	Sep. 30, 2023
Divestiture of Wolverine [Line Items]
Gain (Loss) on Disposition of Business			$ 47.8	$ 0	$ 47.8	$ 7.2
Wolverine
Divestiture of Wolverine [Line Items]
Proceeds from Divestiture of Businesses		$ 171
Gain (Loss) on Disposition of Business		47.8
Working Capital Recovery Related to Divestiture		17
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Tax		$ 3.6
kSARIA
Divestiture of Wolverine [Line Items]
Revenue of Acquired Entity for Last Annual Period	$ 175