ITT INC
For the period ended Sep 28, 2024. Filed Oct 29, 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.
Sep 28, 2024 · Filed Oct 29, 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 | Nine Months Ended | |||
|---|---|---|---|---|
| September 28,2024 | September 30,2023 | September 28,2024 | September 30,2023 | |
| Net income | $161.7 | $111.8 | $394.1 | $321.4 |
| Other comprehensive income (loss): | ||||
| Net foreign currency translation adjustment | 59.2 | (30.5) | 10.0 | (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 | 219.0 | 82.2 | 400.5 | 286.9 |
| Less: Comprehensive income attributable to noncontrolling interests | 0.6 | 1.0 | 2.8 | 2.4 |
| Comprehensive income attributable to ITT Inc. | $218.4 | $81.2 | $397.7 | $284.5 |
| Disclosure of reclassification adjustments and other adjustments to postretirement benefit plans: | ||||
| Amortization of prior service benefit, net of tax expense of $0.3, $0.4, $1.0, and $1.1, respectively | $(1.0) | $(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 | — |
| Gain on plan settlement due to divestiture, net of tax expense of $0.2, $—, $0.2, and $— | (0.8) | — | (0.8) | — |
| 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 | — | — | — | 1.4 |
| Net change in postretirement benefit plans, net of tax | $(1.9) | $0.9 | $(3.6) | $0.2 |
The accompanying Notes to the Consolidated Condensed Financial Statements are an integral part of the Statements of Comprehensive Income.
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