ITT INC
For the period ended Mar 30, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 30, 2024 · Filed May 2, 2024
ITT$216.37-0.8%Stored close · as of Nov 10, 2026
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Consolidated Condensed Statements of Comprehensive Income
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)
(IN MILLIONS)
| For the Three Months Ended | March 30,2024 | April 1,2023 |
|---|---|---|
| Net income | $112.0 | $100.7 |
| Other comprehensive (loss) income: | ||
| Net foreign currency translation adjustment | (32.1) | 6.0 |
| Net change in postretirement benefit plans, net of tax impacts of 0.3, 1.8, respectively | (1.0) | 0.4 |
| Other comprehensive (loss) income | (33.1) | 6.4 |
| Comprehensive income | 78.9 | 107.1 |
| Less: Comprehensive income attributable to noncontrolling interests | 1.0 | 0.7 |
| Comprehensive income attributable to ITT Inc. | $77.9 | $106.4 |
| Disclosure of reclassification adjustments and other adjustments to postretirement benefit plans: | ||
| Amortization of prior service benefit, net of tax expense of $0.3, $0.3, respectively | $(1.1) | $(1.2) |
| Amortization of net actuarial loss, net of tax benefit of $0.0, $0.0, respectively | 0.1 | 0.1 |
| Other adjustments to postretirement benefit plans: | ||
| Deferred tax asset valuation allowance reversal | — | 1.5 |
| Net change in postretirement benefit plans, net of tax | $(1.0) | $0.4 |
The accompanying Notes to the Consolidated Condensed Financial Statements are an integral part of the Statements of Comprehensive Income.
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