ITT INC
For the period ended Dec 31, 2023. Filed Feb 12, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 12, 2024
ITT$216.37-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
| (IN MILLIONS, EXCEPT PER SHARE AMOUNTS)DECEMBER 31 | 2023 | 2022 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $489.2 | $561.2 |
| Receivables, net | 675.2 | 628.8 |
| Inventories | 575.4 | 533.9 |
| Other current assets | 117.9 | 112.9 |
| Total current assets | 1,857.7 | 1,836.8 |
| Non-current assets: | ||
| Plant, property and equipment, net | 561.0 | 526.8 |
| Goodwill | 1,016.3 | 964.8 |
| Other intangible assets, net | 116.6 | 112.8 |
| Other non-current assets | 381.0 | 339.1 |
| Total non-current assets | 2,074.9 | 1,943.5 |
| Total assets | $3,932.6 | $3,780.3 |
| Liabilities and Shareholders’ Equity | ||
| Current liabilities: | ||
| Short-term borrowings | $187.7 | $451.0 |
| Accounts payable | 437.0 | 401.1 |
| Accrued and other current liabilities | 413.1 | 333.4 |
| Total current liabilities | 1,037.8 | 1,185.5 |
| Non-current liabilities: | ||
| Postretirement benefits | 138.7 | 137.2 |
| Other non-current liabilities | 217.0 | 200.2 |
| Total non-current liabilities | 355.7 | 337.4 |
| Total liabilities | 1,393.5 | 1,522.9 |
| Shareholders’ equity: | ||
| Common stock: | ||
| Authorized – 250.0 shares, $1 par value per share | ||
| Issued and Outstanding – 82.1 and 82.7 shares, respectively | 82.1 | 82.7 |
| Retained earnings | 2,778.0 | 2,509.7 |
| Accumulated other comprehensive loss: | ||
| Postretirement benefits | (1.6) | 3.6 |
| Cumulative translation adjustments | (330.3) | (347.9) |
| Total accumulated other comprehensive loss | (331.9) | (344.3) |
| Total ITT Inc. shareholders' equity | 2,528.2 | 2,248.1 |
| Noncontrolling interests | 10.9 | 9.3 |
| Total shareholders’ equity | 2,539.1 | 2,257.4 |
| Total liabilities and shareholders’ equity | $3,932.6 | $3,780.3 |
The accompanying Notes to the Consolidated Financial Statements are an integral part of the above Consolidated Balance Sheets.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.