ITT INC
For the period ended Dec 31, 2024. Filed Feb 10, 2025.
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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.
FY2024 · Filed Feb 10, 2025
ITT$218.21+6.2%Stored close · as of Nov 9, 2026
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Item 16. Form 10-K Summary
Not Applicable.
INDEX TO CONSOLIDATED FINANCIAL STATEMENTS
| ITEM | PAGE |
|---|---|
| Report of Independent Registered Public Accounting Firm (PCAOB ID No. 34) | 52 |
| Consolidated Statements of Operations for the years ended December 31, 2024, 2023 and 2022 | 54 |
| Consolidated Statements of Comprehensive Income for the years ended December 31, 2024, 2023 and 2022 | 55 |
| Consolidated Balance Sheets as of December 31, 2024 and 2023 | 56 |
| Consolidated Statements of Cash Flows for the years ended December 31, 2024, 2023 and 2022 | 57 |
| Consolidated Statements of Changes in Shareholders’ Equity for the years ended December 31, 2024, 2023 and 2022 | 58 |
| Notes to the Consolidated Financial Statements: | 59 |
| Note 1 – Description of Business, Basis of Presentation and Summary of Significant Accounting Policies | 59 |
| Note 2 – Recent Accounting Pronouncements | 66 |
| Note 3 – Segment Information | 67 |
| Note 4 – Revenue | 70 |
| Note 5 – Income Taxes | 72 |
| Note 6 – Earnings Per Share Data | 75 |
| Note 7 – Receivables, Net | 75 |
| Note 8 – Inventories | 76 |
| Note 9 – Other Current and Non-Current Assets | 76 |
| Note 10 – Plant, Property and Equipment, Net | 77 |
| Note 11 – Goodwill and Other Intangible Assets, Net | 77 |
| Note 12 – Accounts Payable, Accrued Liabilities and Other Non-Current Liabilities | 79 |
| Note 13 – Leases | 80 |
| Note 14 – Debt | 81 |
| Note 15 – Postretirement Benefit Plans | 83 |
| Note 16 – Long-Term Incentive Employee Compensation | 87 |
| Note 17 – Capital Stock | 89 |
| Note 18 – Commitments and Contingencies | 90 |
| Note 19 – Guarantees, Indemnities and Warranties | 91 |
| Note 20 – Derivative Financial Instruments | 92 |
| Note 21 – Acquisitions, Investments, and Divestitures | 93 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.