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Acquisitions Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2024
Acquisitions [Abstract] |
Schedule Of Recognized Identified Assets Acquired And Liabilities Assumed with Adjustments Table Text Block | The assets acquired and liabilities assumed for the kSARIA acquisition were recorded at fair value and are shown in the table below, including adjustments to the preliminary purchase price as of September 28, 2024, and during the fourth quarter of 2024. The impact to the current period income statement resulting from the adjustments was not material.
kSARIA - Allocation of Purchase Price | Preliminary 9/28/2024 | Q4 2024 Adjustments | Preliminary 12/31/2024
Receivables | $ | 28.1 |  | $ | (1.4) |  | $ | 26.7 |
Inventory | 50.6 |  | (2.6) |  | 48.0 |
Plant, property and equipment | 5.8 |  | 3.6 |  | 9.4 |
Goodwill(a) | 276.0 |  | (31.7) |  | 244.3 |
Other intangible assets | 166.0 |  | 19.1 |  | 185.1 |
Other assets | 8.9 |  | 1.4 |  | 10.3 |
Accounts payable and accrued liabilities | (27.9) |  | (0.6) |  | (28.5) |
Other liabilities | (42.6) |  | 12.1 |  | (30.5) |
Contract liabilities | (3.0) |  | — |  | (3.0) |
Net assets acquired | $ | 461.9 |  | $ | (0.1) |  | $ | 461.8 |
(a) Goodwill acquired with kSARIA is primarily attributable to the complementary nature of its product portfolio to ITT’s existing connectors portfolio. Goodwill arising from the acquisition is not expected to be deductible for income tax purposes.
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The assets acquired and liabilities assumed for Svanehøj and Micro-Mode acquisitions were recorded at fair value and are shown in the table below.
Allocation of Purchase Price | Svanehøj (Final)(b) | Micro-Mode (Final)
Receivables | $ | 22.4 |  | $ | 2.7 |
Inventory | 39.5 |  | 5.3 |
Plant, property and equipment | 19.1 |  | 6.1 |
Goodwill(a) | 215.6 |  | 44.9 |
Other intangible assets | 212.6 |  | 28.7 |
Other assets | 9.0 |  | 0.2 |
Accounts payable and accrued liabilities | (28.0) |  | (2.6) |
Other liabilities | (52.8) |  | (6.3) |
Contract liabilities | (29.8) |  | — |
Net assets acquired | $ | 407.6 |  | $ | 79.0 |
(a) 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. (b) The purchase price allocation of Svanehøj was updated subsequent to the preliminary allocation in Q1 2024, including an increase to goodwill of $13.7 and a decrease to intangible assets, other liabilities and inventory of $13.4, $1.5 and $1.1, respectively. There was no material impact to the income statement for any period resulting from the change.

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- Definition Schedule Of Recognized Identified Assets Acquired And Liabilities Assumed with Adjustments Table Text Block + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
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