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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Income Statement [Abstract]    
Revenue $ 726.2 $ 698.4
Cost of revenue 507.8 469.4
Gross profit 218.4 229.0
General and administrative expenses 60.4 58.1
Sales and marketing expenses 38.4 36.7
Research and development expenses 25.0 24.3
Operating income 94.6 109.9
Interest and non-operating income, net (0.2) (1.3)
Income from continuing operations before income tax expense 94.8 111.2
Income tax expense 19.5 24.7
Net income 75.3 86.5
Less: Income attributable to noncontrolling interests 0.5 0.3
Net income attributable to ITT Inc. $ 74.8 $ 86.2
Basic    
Net income $ 0.88 $ 1.00
Diluted    
Net income $ 0.88 $ 0.99
Weighted average common shares – basic 84.8 86.3
Weighted average common shares – diluted 85.2 86.9