ITT INC
For the period ended Jun 29, 2024. Filed Aug 1, 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.
Jun 29, 2024 · Filed Aug 1, 2024
ITT$216.37-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Condensed Statements of Comprehensive Income
CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)
(IN MILLIONS)
| Three Months Ended | Six Months Ended | |||
|---|---|---|---|---|
| June 29,2024 | July 1,2023 | June 29,2024 | July 1,2023 | |
| Net income | $120.4 | $108.9 | $232.4 | $209.6 |
| Other comprehensive (loss): | ||||
| Net foreign currency translation adjustment | (17.1) | (10.2) | (49.2) | (4.2) |
| Net change in postretirement benefit plans, net of tax impacts of $0.3, $0.3, $0.6, and $2.1, respectively | (0.7) | (1.1) | (1.7) | (0.7) |
| Other comprehensive (loss) | (17.8) | (11.3) | (50.9) | (4.9) |
| Comprehensive income | 102.6 | 97.6 | 181.5 | 204.7 |
| Less: Comprehensive income attributable to noncontrolling interests | 1.2 | 0.7 | 2.2 | 1.4 |
| Comprehensive income attributable to ITT Inc. | $101.4 | $96.9 | $179.3 | $203.3 |
| Disclosure of reclassification adjustments and other adjustments to postretirement benefit plans: | ||||
| Amortization of prior service benefit, net of tax expense of $0.4, $0.4, $0.7, and $0.7, respectively | $(1.1) | $(1.1) | $(2.2) | $(2.3) |
| Amortization of net actuarial loss, net of tax benefit of $—, $—, $—, and $—, respectively | — | 0.1 | 0.1 | 0.2 |
| Other adjustments to postretirement benefit plans: | ||||
| Net actuarial gain, net of tax expense of $(0.1), $—, $(0.1), and $—, respectively | 0.4 | — | 0.4 | — |
| Deferred tax asset valuation allowance reversal | — | (0.1) | — | 1.4 |
| Net change in postretirement benefit plans, net of tax | $(0.7) | $(1.1) | $(1.7) | $(0.7) |
The accompanying Notes to the Consolidated Condensed Financial Statements are an integral part of the Statements of Comprehensive Income.
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