v3.26.1
ACQUISITIONS Acquisitions (Tables)
 6 Months Ended
Jul. 04, 2026
Acquisitions [Abstract]  
Business Combination, Consideration Transferred, Equity Interest The following table summarizes the preliminary purchase consideration transferred in connection with the acquisition:
Cash, net of cash acquired
$3,534.1 
ITT equity value of shares issued(a)
777.2 
Total purchase consideration
$4,311.3 
(a)Fair value of shares issued is based on 3.8 shares issued at a price of $202.41 per share.
Business Combination, Recognized Asset Acquired and Liability Assumed
The assets acquired and liabilities assumed for the SPX FLOW acquisition were recorded at fair value and are shown in the table below.
Allocation of Purchase PricePreliminary 4/4/2026YTD 2026 AdjustmentPreliminary 7/4/2026
Receivables$210.6 $0.3 $210.9 
Inventory264.3 2.8 267.1 
Plant, property and equipment186.3 (1.2)185.1 
Goodwill(a)
2,313.3 77.7 2,391.0 
Other intangible assets2,835.0 (100.0)2,735.0 
Other assets134.3 (1.3)133.0 
Accounts payable and accrued liabilities(280.8)(0.5)(281.3)
Contract liabilities(96.2)— (96.2)
Deferred tax liability(616.6)23.6 (593.0)
Long-term debt(531.3)— (531.3)
Other liabilities(109.0)— (109.0)
Net assets acquired$4,309.9 $1.4 $4,311.3 
(a)    Goodwill acquired with SPX FLOW is primarily attributable to the complementary nature of SPX FLOW’s product portfolio to ITT’s existing industrial flow equipment and services portfolio and ITT’s expansion into the health and nutrition sector. Goodwill is not expected to be deductible for income tax purposes
Business Combination, Pro Forma Information
The following table summarizes the condensed combined results of operations of the Company for the three and six months ended on July 4, 2026 and June 28, 2025, assuming the SPX FLOW acquisition had occurred on January 1, 2025.
Three Months EndedSix Months Ended
July 4,
2026		June 28,
2025		July 4,
2026		June 28,
2025
Revenue
$1,473.1 $1,314.5 $2,870.7 $2,521.4 
Net Income attributable to the combined entities
$84.9 $99.9 $157.8 $88.9