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ACQUISITIONS Allocation of Purchase Price Table (Details) - USD ($)
$ in Millions
Sep. 28, 2024
Sep. 12, 2024
Jan. 19, 2024
Dec. 31, 2023
May 02, 2023
Business Acquisition [Line Items]          
Goodwill $ 1,498.3     $ 1,016.3  
kSARIA          
Business Acquisition [Line Items]          
Receivables   $ 28.1      
Inventory   50.6      
Plant, property and equipment   5.8      
Goodwill [1]   276.0      
Other intangible assets   166.0      
Other assets   8.9      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities   (27.9)      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other   (42.6)      
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Deferred Revenue   (3.0)      
Net assets acquired   $ 461.9      
Svanehoj          
Business Acquisition [Line Items]          
Receivables     $ 22.4    
Inventory     39.5    
Plant, property and equipment     19.1    
Goodwill [1]     215.6    
Other intangible assets     212.6    
Other assets     9.0    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities     (28.0)    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other     (52.8)    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Deferred Revenue     (29.8)    
Net assets acquired     $ 407.6    
Micro-Mode          
Business Acquisition [Line Items]          
Receivables         $ 2.7
Inventory         5.3
Plant, property and equipment         6.1
Goodwill         44.9
Other intangible assets         28.7
Other assets         0.2
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities         (2.6)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Other         (6.3)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Deferred Revenue         0.0
Net assets acquired         $ 79.0
[1] Goodwill acquired with kSARIA is primarily attributable to the complementary nature of its product portfolio to ITT’s existing connectors portfolio. Goodwill related to the acquisition of Svanehøj is primarily attributable to future economic benefits expected from our entrance into the marine sector, our expanded presence in the energy market, and geographic expansion. Goodwill arising from acquisitions is not expected to be deductible for income tax purposes.