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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Income from continuing operations attributable to ITT Inc. $ 138.2 $ 170.8
Adjustments to income from continuing operations:    
Depreciation and amortization 53.0 55.2
Equity-based compensation 8.4 10.2
Asbestos-related costs (benefit), net 24.4 (6.2)
Other non-cash charges, net 15.3 4.3
Asbestos-related payments, net (15.8) (30.8)
Changes in assets and liabilities:    
Change in receivables (52.9) (15.2)
Change in inventories (27.4) (22.8)
Change in accounts payable 11.4 (14.2)
Change in accrued expenses (28.1) (23.0)
Change in income taxes 3.7 (11.7)
Other, net (29.1) 2.7
Net Cash – Operating activities 101.1 119.3
Investing Activities    
Capital expenditures (45.8) (46.3)
Acquisitions, net of cash acquired (87.3) 0.0
Other, net 0.8 0.9
Net Cash – Investing activities (132.3) (45.4)
Financing Activities    
Commercial paper, net repayments 33.7 (162.4)
Short-term revolving loans, borrowings 0.0 246.5
Short-term revolving loans, repayments 0.0 (23.5)
Long-term debt, issued 7.1 0.0
Long-term debt, repayments (2.0) (1.9)
Repurchase of common stock (20.0) (55.4)
Proceeds from issuance of common stock 8.3 4.7
Dividends paid (26.1) (12.0)
Other, net (0.6) (0.1)
Net Cash – Financing activities 0.4 (4.1)
Exchange rate effects on cash and cash equivalents 0.6 (8.6)
Net Cash – Operating activities of discontinued operations 1.2 (1.4)
Net change in cash and cash equivalents (29.0) 59.8
Cash and cash equivalents – beginning of year (includes restricted cash of $1.0 and $1.2, respectively) 562.2 391.0
Cash and cash equivalents – end of period (includes restricted cash of $1.3 and $1.2, respectively) 533.2 450.8
Cash paid during the year for:    
Interest 1.7 1.1
Income taxes, net of refunds received $ 33.7 $ 23.2