\nThe forward-looking statements included in this release speak only as of the date hereof. We undertake no obligation (and expressly disclaim any obligation) to update any forward-looking statements, whether written or oral or as a result of new information, future events or otherwise.\n<\/p>\n
\n\n| \n CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)<\/b><\/p>\n<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n
\n| (IN MILLIONS, EXCEPT PER SHARE AMOUNTS)<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n
\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n |
\n | \nThree Months Ended<\/td>\n | | \n | \nFull Year<\/td>\n | | <\/tr>\n
\n | \nDecember 31,
2022<\/b><\/td>\n | December 31,
2021<\/td>\n | | \nDecember 31,
2022<\/b><\/td>\n | December 31,
2021<\/td>\n<\/tr>\n |
\n| Revenue<\/td>\n | $<\/b><\/td>\n | \n 774.6<\/b><\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n685.4\n<\/p>\n<\/td>\n | | \n | \n$<\/b><\/td>\n | \n 2,987.7<\/b><\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n2,765.0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Cost of revenue<\/td>\n | | \n\n 526.3<\/b><\/p>\n<\/td>\n | | \n | \n\n \n461.5\n<\/p>\n<\/td>\n | | \n | \n | \n\n 2,065.4<\/b><\/p>\n<\/td>\n | | \n | \n\n \n1,865.5\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Gross profit<\/td>\n | | \n\n 248.3<\/b><\/p>\n<\/td>\n | | \n | \n\n \n223.9\n<\/p>\n<\/td>\n | | \n | \n | \n\n 922.3<\/b><\/p>\n<\/td>\n | | \n | \n\n \n899.5\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| General and administrative expenses<\/td>\n | | \n\n 51.6<\/b><\/p>\n<\/td>\n | | \n | \n\n \n52.9\n<\/p>\n<\/td>\n | | \n | \n | \n\n 211.6<\/b><\/p>\n<\/td>\n | | \n | \n\n \n221.3\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Sales and marketing expenses<\/td>\n | | \n\n 38.6<\/b><\/p>\n<\/td>\n | | \n | \n\n \n38.4\n<\/p>\n<\/td>\n | | \n | \n | \n\n 156.9<\/b><\/p>\n<\/td>\n | | \n | \n\n \n150.8\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Research and development expenses<\/td>\n | | \n\n 22.8<\/b><\/p>\n<\/td>\n | | \n | \n\n \n24.9\n<\/p>\n<\/td>\n | | \n | \n | \n\n 96.5<\/b><\/p>\n<\/td>\n | | \n | \n\n \n94.9\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Gain on sale of long-lived assets<\/td>\n | | \n\n (15.9)<\/b><\/p>\n<\/td>\n | | \n | \n\n \n(6.8)\n<\/p>\n<\/td>\n | | \n | \n | \n\n (16.3)<\/b><\/p>\n<\/td>\n | | \n | \n\n \n(7.0)\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Asbestos-related benefit, net<\/td>\n | | \n\n –<\/b><\/p>\n<\/td>\n | | \n | \n\n \n–\n<\/p>\n<\/td>\n | | \n | \n | \n\n –<\/b><\/p>\n<\/td>\n | | \n | \n\n \n(74.4)\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Restructuring costs<\/td>\n | | \n\n 0.3<\/b><\/p>\n<\/td>\n | | \n | \n\n \n1.4\n<\/p>\n<\/td>\n | | \n | \n | \n\n 3.8<\/b><\/p>\n<\/td>\n | | \n | \n\n \n9.6\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Asset impairment charges<\/td>\n | | \n\n –<\/b><\/p>\n<\/td>\n | | \n | \n\n \n–\n<\/p>\n<\/td>\n | | \n | \n | \n\n 1.8<\/b><\/p>\n<\/td>\n | | \n | \n\n \n–\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Operating income<\/td>\n | | \n\n 150.9<\/b><\/p>\n<\/td>\n | | \n | \n\n \n113.1\n<\/p>\n<\/td>\n | | \n | \n | \n\n 468.0<\/b><\/p>\n<\/td>\n | | \n | \n\n \n504.3\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Interest expense (income), net<\/td>\n | | \n\n 3.1<\/b><\/p>\n<\/td>\n | | \n | \n\n \n(0.4)\n<\/p>\n<\/td>\n | | \n | \n | \n\n 6.4<\/b><\/p>\n<\/td>\n | | \n | \n\n \n(1.1)\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Non-operating postretirement costs (benefit), net<\/td>\n | | \n\n 0.1<\/b><\/p>\n<\/td>\n | | \n | \n\n \n(2.5)\n<\/p>\n<\/td>\n | | \n | \n | \n\n 1.1<\/b><\/p>\n<\/td>\n | | \n | \n\n \n(1.3)\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Miscellaneous expense (income), net<\/td>\n | | \n\n 0.4<\/b><\/p>\n<\/td>\n | | \n | \n\n \n2.4\n<\/p>\n<\/td>\n | | \n | \n | \n\n (1.3)<\/b><\/p>\n<\/td>\n | | \n | \n\n \n(2.4)\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Income from continuing operations before income tax expense<\/td>\n | | \n\n 147.3<\/b><\/p>\n<\/td>\n | | \n | \n\n \n113.6\n<\/p>\n<\/td>\n | | \n | \n | \n\n 461.8<\/b><\/p>\n<\/td>\n | | \n | \n\n \n509.1\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Income tax expense<\/td>\n | | \n\n 31.2<\/b><\/p>\n<\/td>\n | | \n | \n\n \n6.9\n<\/p>\n<\/td>\n | | \n | \n | \n\n 91.1<\/b><\/p>\n<\/td>\n | | \n | \n\n \n189.6\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Income from continuing operations<\/td>\n | | \n\n 116.1<\/b><\/p>\n<\/td>\n | | \n | \n\n \n106.7\n<\/p>\n<\/td>\n | | \n | \n | \n\n 370.7<\/b><\/p>\n<\/td>\n | | \n | \n\n \n319.5\n<\/p>\n<\/td>\n | | <\/tr>\n
\nIncome (loss) from discontinued operations, net of tax benefit
(expense) of $0.1, $(0.3), $0.4 and $0.2, respectively<\/td>\n | | \n\n –<\/b><\/p>\n<\/td>\n | | \n | \n\n \n0.6\n<\/p>\n<\/td>\n | | \n | \n | \n\n (1.3)<\/b><\/p>\n<\/td>\n | | \n | \n\n \n1.5\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Net income<\/td>\n | | \n\n 116.1<\/b><\/p>\n<\/td>\n | | \n | \n\n \n107.3\n<\/p>\n<\/td>\n | | \n | \n | \n\n 369.4<\/b><\/p>\n<\/td>\n | | \n | \n\n \n321.0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Less: Income attributable to noncontrolling interests<\/td>\n | | \n\n 0.9<\/b><\/p>\n<\/td>\n | | \n | \n\n \n3.7\n<\/p>\n<\/td>\n | | \n | \n | \n\n 2.4<\/b><\/p>\n<\/td>\n | | \n | \n\n \n4.7\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Net income attributable to ITT Inc.<\/td>\n | $<\/b><\/td>\n | \n 115.2<\/b><\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n103.6\n<\/p>\n<\/td>\n | | \n | \n$<\/b><\/td>\n | \n 367.0<\/b><\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n316.3\n<\/p>\n<\/td>\n | | <\/tr>\n
\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n |
\n| Amounts attributable to ITT Inc.:<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n
\n| Income from continuing operations<\/td>\n | $<\/b><\/td>\n | \n 115.2<\/b><\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n103.0\n<\/p>\n<\/td>\n | | \n | \n$<\/b><\/td>\n | \n 368.3<\/b><\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n314.8\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Income (loss) from discontinued operations, net of tax<\/td>\n | | \n\n –<\/b><\/p>\n<\/td>\n | | \n | \n\n \n0.6\n<\/p>\n<\/td>\n | | \n | \n | \n\n (1.3)<\/b><\/p>\n<\/td>\n | | \n | \n\n \n1.5\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Net income attributable to ITT Inc.<\/td>\n | $<\/b><\/td>\n | \n 115.2<\/b><\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n103.6\n<\/p>\n<\/td>\n | | \n | \n$<\/b><\/td>\n | \n 367.0<\/b><\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n316.3\n<\/p>\n<\/td>\n | | <\/tr>\n
\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n |
\n| Earnings (loss) per share attributable to ITT Inc.:<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n
\n| Basic:<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n
\n| Continuing operations<\/td>\n | $<\/b><\/td>\n | \n 1.39<\/b><\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n1.20\n<\/p>\n<\/td>\n | | \n | \n$<\/b><\/td>\n | \n 4.42<\/b><\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n3.66\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Discontinued operations<\/td>\n | | \n\n –<\/b><\/p>\n<\/td>\n | | \n | \n\n \n0.01\n<\/p>\n<\/td>\n | | \n | \n | \n\n (0.02)<\/b><\/p>\n<\/td>\n | | \n | \n\n \n0.02\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Net income<\/td>\n | $<\/b><\/td>\n | \n 1.39<\/b><\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n1.21\n<\/p>\n<\/td>\n | | \n | \n$<\/b><\/td>\n | \n 4.40<\/b><\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n3.68\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Diluted:<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n
\n| Continuing operations<\/td>\n | $<\/b><\/td>\n | \n 1.39<\/b><\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n1.20\n<\/p>\n<\/td>\n | | \n | \n$<\/b><\/td>\n | \n 4.40<\/b><\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n3.64\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Discontinued operations<\/td>\n | | \n\n –<\/b><\/p>\n<\/td>\n | | \n | \n\n \n–\n<\/p>\n<\/td>\n | | \n | \n | \n\n (0.02)<\/b><\/p>\n<\/td>\n | | \n | \n\n \n0.02\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Net income<\/td>\n | $<\/b><\/td>\n | \n 1.39<\/b><\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n1.20\n<\/p>\n<\/td>\n | | \n | \n$<\/b><\/td>\n | \n 4.38<\/b><\/p>\n<\/td>\n | | \n$<\/td>\n | \n \n3.66\n<\/p>\n<\/td>\n | | <\/tr>\n
\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n |
\n| Weighted average common shares \u2013 basic<\/td>\n | | \n\n 82.7<\/b><\/p>\n<\/td>\n | | \n | \n\n \n85.6\n<\/p>\n<\/td>\n | | \n | \n | \n\n 83.4<\/b><\/p>\n<\/td>\n | | \n | \n\n \n86.0\n<\/p>\n<\/td>\n | | <\/tr>\n
\n| Weighted average common shares \u2013 diluted<\/td>\n | | \n\n 83.1<\/b><\/p>\n<\/td>\n | | \n | \n\n \n86.1\n<\/p>\n<\/td>\n | | \n | \n | \n\n 83.7<\/b><\/p>\n<\/td>\n | | \n | \n\n \n86.5\n<\/p>\n<\/td>\n | | <\/tr>\n
\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n\n\nCONSOLIDATED BALANCE SHEETS (UNAUDITED)<\/b><\/td>\n<\/tr>\n\n| \n \n(IN MILLIONS, EXCEPT PER SHARE AMOUNTS)\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| As of the Period Ended<\/td>\n | \n December 31,
\n
2022<\/b><\/p>\n<\/td>\n | | \n\n \nDecember 31,
\n
2021\n<\/p>\n<\/td>\n<\/tr>\n | \n| Assets<\/b><\/td>\n | | \n | \n | <\/tr>\n \n| Current assets:<\/td>\n | | \n | \n | <\/tr>\n \n| Cash and cash equivalents<\/td>\n | $<\/b><\/td>\n | \n 561.2<\/b><\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n647.5\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Receivables, net<\/td>\n | | \n\n 628.8<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n555.1\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Inventories, net<\/td>\n | | \n\n 533.9<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n430.9\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Other current assets<\/td>\n | | \n\n 112.9<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n88.6\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Total current assets<\/td>\n | | \n\n 1,836.8<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n1,722.1\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Non-current assets:<\/td>\n | | \n | \n | <\/tr>\n \n| Plant, property and equipment, net<\/td>\n | | \n\n 526.8<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n509.1\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Goodwill<\/td>\n | | \n\n 964.8<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n924.3\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Other intangible assets, net<\/td>\n | | \n\n 112.8<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n85.7\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Other non-current assets<\/td>\n | | \n\n 339.1<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n324.2\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Total non-current assets<\/td>\n | | \n\n 1,943.5<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n1,843.3\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Total assets<\/td>\n | $<\/b><\/td>\n | \n 3,780.3<\/b><\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n3,565.4\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Liabilities and Shareholders\u2019 Equity<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Current liabilities:<\/td>\n | | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Commercial paper and current maturities of long-term debt<\/td>\n | $<\/b><\/td>\n | \n 451.0<\/b><\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n197.6\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Accounts payable<\/td>\n | | \n\n 401.1<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n373.4\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Accrued and other current liabilities<\/td>\n | | \n\n 333.4<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n357.3\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Total current liabilities<\/td>\n | | \n\n 1,185.5<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n928.3\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Non-current liabilities:<\/td>\n | | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Postretirement benefits<\/td>\n | | \n\n 137.2<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n199.9\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Other non-current liabilities<\/td>\n | | \n\n 200.2<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n206.5\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Total non-current liabilities<\/td>\n | | \n\n 337.4<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n406.4\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Total liabilities<\/td>\n | | \n\n 1,522.9<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n1,334.7\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Shareholders\u2019 equity:<\/td>\n | | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Common stock:<\/td>\n | | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Authorized \u2013 250.0 shares, $1 par value per share<\/td>\n | | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Issued and outstanding \u2013 82.7 shares and 85.5 shares, respectively<\/td>\n | | \n\n 82.7<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n85.5\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Retained earnings<\/td>\n | | \n\n 2,509.7<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n2,461.6\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Accumulated other comprehensive loss:<\/td>\n | | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Postretirement benefit plans<\/td>\n | | \n\n 3.6<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n(40.8)\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Cumulative translation adjustments<\/td>\n | | \n\n (347.9)<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n(280.5)\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Total ITT Inc. shareholders\u2019 equity<\/td>\n | | \n\n 2,248.1<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n2,225.8\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Noncontrolling interests<\/td>\n | | \n\n 9.3<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n4.9\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Total shareholders\u2019 equity<\/td>\n | | \n\n 2,257.4<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n2,230.7\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Total liabilities and shareholders\u2019 equity<\/td>\n | $<\/b><\/td>\n | \n 3,780.3<\/b><\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n3,565.4\n<\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n\n\n| CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| (IN MILLIONS)<\/td>\n | | \n | \n | \n | \n | \n | \n | <\/tr>\n \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| For the Year Ended<\/td>\n | December 31,
2022<\/b><\/td>\n | | \nDecember 31,
2021<\/td>\n<\/tr>\n | \n| Operating Activities<\/b><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| Income from continuing operations attributable to ITT Inc.<\/td>\n | $<\/b><\/td>\n | \n 368.3<\/b><\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n314.8\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Adjustments to income from continuing operations:<\/td>\n | | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Depreciation and amortization<\/td>\n | | \n\n 107.4<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n113.1\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Equity-based compensation<\/td>\n | | \n\n 18.1<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n16.5\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Asbestos-related benefit, net<\/td>\n | | \n\n –<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n(74.4)\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Deferred income tax expense<\/td>\n | | \n\n 2.9<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n115.7\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Gain on sale of long-lived assets<\/td>\n | | \n\n (16.3)<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n(7.0)\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Asset impairment charges<\/td>\n | | \n\n 1.8<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n–\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Other non-cash charges, net<\/td>\n | | \n\n 27.5<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n28.3\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Contibution to divest asbestos-related assets and liabilities<\/td>\n | | \n\n –<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n(398.0)\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Contribution to postretirement plans<\/td>\n | | \n\n (11.0)<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n(10.5)\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Changes in assets and liabilities:<\/td>\n | | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Change in receivables<\/td>\n | | \n\n (90.7)<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n(62.2)\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Change in inventories<\/td>\n | | \n\n (99.5)<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n(82.7)\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Change in contract assets<\/td>\n | | \n\n (7.4)<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n(2.5)\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Change in contract liabilities<\/td>\n | | \n\n 23.3<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n(3.6)\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Change in accounts payable<\/td>\n | | \n\n 39.4<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n77.6\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Change in accrued expenses<\/td>\n | | \n\n (36.9)<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n15.8\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Change in income taxes<\/td>\n | | \n\n (13.5)<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n8.2\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Other, net<\/td>\n | | \n\n (35.7)<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n(57.5)\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Net Cash \u2013 Operating Activities<\/td>\n | | \n\n 277.7<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n(8.4)\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Investing Activities<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Capital expenditures<\/td>\n | | \n\n (103.9)<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n(88.4)\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Proceeds from sale of long-lived assets<\/td>\n | | \n\n 20.9<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n8.0\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Acquisitions, net of cash acquired<\/td>\n | | \n\n (146.9)<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n–\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Payments to acquire interest in unconsolidated subsidiaries<\/td>\n | | \n\n (25.6)<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n(1.9)\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Other, net<\/td>\n | | \n\n 0.4<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n–\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Net Cash \u2013 Investing Activities<\/td>\n | | \n\n (255.1)<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n(82.3)\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Financing Activities<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Commercial paper, net borrowings<\/td>\n | | \n\n 259.7<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n95.4\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Long-term debt, repayments<\/td>\n | | \n\n (2.1)<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n(2.4)\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Share repurchases under repurchase plan<\/td>\n | | \n\n (245.3)<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n(104.8)\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Payments for taxes related to net share settlement of stock incentive plans<\/td>\n | | \n\n (8.8)<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n(11.7)\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Dividends paid<\/td>\n | | \n\n (87.9)<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n(75.8)\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Other, net<\/td>\n | | \n\n 1.1<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n(0.5)\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Net Cash \u2013 Financing Activities<\/td>\n | | \n\n (83.3)<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n(99.8)\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Exchange rate effects on cash and cash equivalents<\/td>\n | | \n\n (25.8)<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n(22.6)\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Net cash \u2013 operating activities of discontinued operations<\/td>\n | | \n\n 0.1<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n0.8\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Net change in cash and cash equivalents<\/td>\n | | \n\n (86.4)<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n(212.3)\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Cash and cash equivalents \u2013 beginning of year (includes restricted cash of $0.8 and $0.8, respectively)<\/td>\n | | \n\n 648.3<\/b><\/p>\n<\/td>\n | | \n | \n | \n\n \n860.6\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Cash and Cash Equivalents \u2013 end of year (includes restricted cash of $0.7 and $0.8, respectively)<\/td>\n | $<\/b><\/td>\n | \n 561.9<\/b><\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n648.3\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Supplemental Disclosures of Cash Flow Information<\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Cash paid during the year for:<\/td>\n | | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Interest<\/td>\n | $<\/b><\/td>\n | \n 10.8<\/b><\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n3.3\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Income taxes, net of refunds received<\/td>\n | $<\/b><\/td>\n | \n 92.7<\/b><\/p>\n<\/td>\n | | \n | \n$<\/td>\n | \n \n61.3\n<\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n\n\nKey Performance Indicators and Non-GAAP Measures<\/b><\/td>\n<\/tr>\n\n | <\/tr>\n \n| Management reviews a variety of key performance indicators including revenue, segment operating income and margins, earnings per share, order growth, and backlog, some of which are calculated on a non-GAAP basis. In addition, we consider certain measures to be useful to management and investors when evaluating our operating performance for the periods presented. These measures provide a tool for evaluating our ongoing operations and management of assets from period to period. This information can assist investors in assessing our financial performance and measures our ability to generate capital for deployment among competing strategic alternatives and initiatives, including, but not limited to, acquisitions, dividends, and share repurchases. Some of these metrics, however, are not measures of financial performance under accounting principles generally accepted in the United States of America (GAAP) and should not be considered a substitute for measures determined in accordance with GAAP. We consider the following non-GAAP measures, which may not be comparable to similarly titled measures reported by other companies, to be key performance indicators for purposes of our reconciliation tables.<\/td>\n<\/tr>\n | \n | <\/tr>\n \nOrganic Revenues<\/b> and Organic Orders<\/b> are defined, respectively, as revenue and orders, excluding the impacts of foreign currency fluctuations and acquisitions. The period-over-period change resulting from foreign currency fluctuations is estimated using a fixed exchange rate for both the current and prior periods. Management believes that reporting organic revenue and organic orders provides useful information to investors by helping identify underlying trends in our business and facilitating comparisons of our revenue performance with prior and future periods and to our peers.<\/td>\n<\/tr>\n\n | <\/tr>\n \nAdjusted Operating Income<\/b> and Adjusted Segment Operating Income<\/b> are defined, respectively, as total operating income and segment operating income, adjusted to exclude special items that include, but are not limited to, certain gain on sale of long-lived assets, restructuring, severance, certain asset impairment charges, certain acquisition-related impacts, unusual or infrequent operating items and, for 2021, asbestos-related impacts. Special items represent charges or credits that impact current results, which management views as unrelated to the Company’s ongoing operations and performance. Adjusted Operating Margin<\/b> and Adjusted Segment Operating Margin<\/b> are defined as adjusted operating income or adjusted segment operating income, respectively, divided by revenue. We believe these financial measures are useful to investors and other users of our financial statements in evaluating ongoing operating profitability, as well as in evaluating operating performance in relation to our competitors.<\/td>\n<\/tr>\n\n | <\/tr>\n \nAdjusted Income from Continuing Operations<\/b> is defined as income from continuing operations attributable to ITT Inc. adjusted to exclude special items that include, but are not limited to, certain gain on sale of long-lived assets, restructuring, severance, certain asset impairment charges, pension termination and settlement impacts, certain acquisition-related impacts, income tax settlements or adjustments, unusual or infrequent items and, for 2021, asbestos-related impacts. Special items represent charges or credits, on an after-tax basis, that impact current results, which management views as unrelated to the Company\u2019s ongoing operations and performance. The after-tax basis of each special item is determined using the jurisdictional tax rate of where the expense or benefit occurred. Adjusted income from continuing operations per diluted share (adjusted EPS)<\/b> is defined as adjusted income from continuing operations divided by diluted weighted average common shares outstanding. We believe that adjusted income from continuing operations and adjusted EPS are useful to investors and other users of our financial statements in evaluating ongoing operating profitability, as well as in evaluating operating performance in relation to our competitors.<\/td>\n<\/tr>\n\n | <\/tr>\n \nFree Cash Flow<\/b> is defined as net cash provided by operating activities less capital expenditures. Free Cash Flow Margin<\/b> is defined as free cash flow divided by revenue. We believe that free cash flow and free cash flow margin provides useful information to investors as it provides insight into a primary cash flow metric used by management to monitor and evaluate cash flows generated by our operations.<\/td>\n<\/tr>\n<\/table>\n\n\nITT Inc. Non-GAAP Reconciliation<\/b><\/td>\n<\/tr>\n\nReported vs. Organic Revenue \/ Orders<\/b><\/td>\n<\/tr>\n\nFourth Quarter 2022 & 2021<\/b><\/td>\n<\/tr>\n\n| (In Millions)<\/td>\n<\/tr>\n | \n| (all amounts unaudited)<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n(As Reported – GAAP)<\/b><\/td>\n | | \n(As Adjusted – Organic)<\/b><\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n(A)<\/td>\n | | \n(B)<\/td>\n | | \n(C)<\/td>\n | | \n | \n | \n(D)<\/td>\n | | \n(E)<\/td>\n | | \n(F) = A-D-E<\/td>\n | | \n(G) =C-D-E<\/td>\n | | \n(H) = G \/ B<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n$ Change<\/td>\n | | \n% Change<\/td>\n | | \n | \n | \n | \n | \nRevenue \/<\/td>\n | | \n$ Change<\/td>\n | | \n% Change<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n2022 vs.
2021<\/td>\n | | \n2022 vs.
2021<\/td>\n | | \nAcquisitions<\/td>\n | | \nFX Impact<\/td>\n | | \nOrders<\/td>\n | | \nAdj. 2022
vs. 2021<\/td>\n | | \nAdj. 2022
vs. 2021<\/td>\n | | <\/tr>\n \n | \nQ4 2022<\/td>\n | | \nQ4 2021<\/td>\n | | \n | \n | \nQ4 2022<\/td>\n | | \nQ4 2022<\/td>\n | | \nQ4 2022<\/td>\n | | \n | \n | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Revenue<\/span><\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| ITT Inc.<\/b><\/td>\n | \n $<\/b><\/p>\n<\/td>\n | \n 774.6<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 685.4<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 89.2<\/b><\/p>\n<\/td>\n | | \n\n 13.0<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 15.7<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (46.2<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 805.1<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 119.7<\/b><\/p>\n<\/td>\n | | \n\n 17.5<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Motion Technologies<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n330.4\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n323.6\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n6.8\n<\/p>\n<\/td>\n | | \n\n \n2.1\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(32.3\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n 362.7<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n39.1\n<\/p>\n<\/td>\n | | \n\n \n12.1\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Industrial Process<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n280.7\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n216.3\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n64.4\n<\/p>\n<\/td>\n | | \n\n \n29.8\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n15.7\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(9.0\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n 274.0<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n57.7\n<\/p>\n<\/td>\n | | \n\n \n26.7\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Connect & Control Technologies<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n164.6\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n145.8\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n18.8\n<\/p>\n<\/td>\n | | \n\n \n12.9\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(4.8\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n 169.4<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n23.6\n<\/p>\n<\/td>\n | | \n\n \n16.2\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Orders<\/span><\/b><\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| ITT Inc.<\/b><\/td>\n | \n $<\/b><\/p>\n<\/td>\n | \n 776.2<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 722.2<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 54.0<\/b><\/p>\n<\/td>\n | | \n\n 7.5<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 15.4<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n (47.3<\/b><\/p>\n<\/td>\n | \n )<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 808.1<\/b><\/p>\n<\/td>\n | | \n\n $<\/b><\/p>\n<\/td>\n | \n 85.9<\/b><\/p>\n<\/td>\n | | \n\n 11.9<\/b><\/p>\n<\/td>\n | \n %<\/b><\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Motion Technologies<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n337.4\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n325.2\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n12.2\n<\/p>\n<\/td>\n | | \n\n \n3.8\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(32.9\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n 370.3<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n45.1\n<\/p>\n<\/td>\n | | \n\n \n13.9\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Industrial Process<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n271.1\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n251.6\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n19.5\n<\/p>\n<\/td>\n | | \n\n \n7.8\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n15.4\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(9.8\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n 265.5<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n13.9\n<\/p>\n<\/td>\n | | \n\n \n5.5\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n | | <\/tr>\n \n| Connect & Control Technologies<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | \n \n168.6\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n145.9\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n22.7\n<\/p>\n<\/td>\n | | \n\n \n15.6\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(4.5\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n 173.1<\/b><\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n27.2\n<\/p>\n<\/td>\n | | \n\n \n18.6\n<\/p>\n<\/td>\n | \n \n%\n<\/p>\n<\/td>\n | | <\/tr>\n \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Note: Excludes intercompany eliminations<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n \n| Immaterial differences due to rounding<\/td>\n | | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | \n | <\/tr>\n<\/table>\n\n | | | | | | | | | | | |
![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20230209005034\/en\/1707372\/3\/243b9504-aef5-4b88-b7fb-0616dc158d60.jpg\")
<\/td>\n<\/tr>\n