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COMMITMENTS AND CONTINGENCIES (Tables)
 6 Months Ended
Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]  
Product Liability Contingencies [Table Text Block]
As of June 30, 2014, there were approximately 51 thousand pending active claims against ITT, including Goulds Pumps, filed in various state and federal courts alleging injury as a result of exposure to asbestos. Activity related to these asserted asbestos claims during the period was as follows: 
For the Six Months Ended June 30 (in thousands)
2014
 
2013
Pending claims – Beginning
79

 
96

New claims
2

 
2

Settlements
(2
)
 
(2
)
Dismissals(a)
(10
)
 
(19
)
Pending claims – Ending
69

 
77

Pending inactive claims(a)
18

 
18

Pending active claims
51

 
59

(a)
The 2013 dismissals reported in the table above include the dismissal of approximately 11 thousand claims that were considered pending inactive claims. No pending inactive claims were dismissed during the six months ended June 30, 2014. Inactive claims represent pending claims in Mississippi filed in 2004 or prior, which have been excluded from our asbestos measurement because the plaintiffs cannot demonstrate a significant compensable loss. As such, management believes these claims have little-to-no value.
Roll Forward of Asbestos Liability and Related Assets
Changes in Financial Position
The Company's estimated asbestos exposure, net of expected recoveries, for the resolution of all pending claims and claims estimated to be filed in the next 10 years was $774.3 and $746.9 as of June 30, 2014 and December 31, 2013, respectively. The following table provides a rollforward of the estimated asbestos liability and related assets for the six months ended June 30, 2014.
 
Liability
 
Asset
 
Net
Balance as of December 31, 2013
$
1,264.7

 
$
517.8

 
$
746.9

Asbestos provision
36.7

 
5.0

 
31.7

Net cash and other activity
(38.0
)
 
(33.7
)
 
(4.3
)
Balance as of June 30, 2014
$
1,263.4

 
$
489.1

 
$
774.3

Current portion
$
84.5

 
$
84.5

 
 
Noncurrent portion
$
1,178.9

 
$
404.6

 
 
Rollforward of Environmental Liability and Related Assets
The following table provides a rollforward of the estimated environmental liability and related assets for the six months ended June 30, 2014. 
 
Liability
 
Asset
 
Net
Balance as of December 31, 2013
$
94.6

 
$
11.7

 
$
82.9

Change in estimates for pre-existing accruals:
 
 
 
 
 
Continuing operations
2.8

 
—

 
2.8

Discontinued operations
0.9

 
—

 
0.9

Accruals added during the period for new matters
0.1

 
—

 
0.1

Net cash activity
(7.8
)
 
(0.1
)
 
(7.7
)
Foreign currency
0.1

 
—

 
0.1

Balance as of June 30, 2014
$
90.7

 
$
11.6

 
$
79.1
Range Of Liability And Number Of Active Sites For Environmental Matters Table [Table Text Block]
The following table illustrates the reasonably possible range of estimated liability, and number of active sites for environmental matters, at June 30, 2014. 
Low-end estimate
$
70.4

High end estimate
$
161.9

Number of active environmental investigation and remediation sites
55