Asbestos Liability and Related Assets Net Current and Noncurrent

No definition available.

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- Definition

In addition to the charges associated with our annual measurement, we record a net asbestos charge each quarter to maintain a rolling 10-year forecast period.

+ References

No definition available.

+ Details

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- Definition

Costs recognized during the period associated with the asbestos-related liability for both pending claims, as well as unasserted asbestos claims estimated to be filed over the next 10 years, net of estimated insurance and other recoveries.

+ References

No definition available.

+ Details

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- Definition

The payments made in the period which reduced asbestos loss contingency reserves, net of associated insurance reimbursements.

+ References

No definition available.

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- Details

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- Definition

Amount of loss contingency liability expected to be resolved within one year or the normal operating cycle, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 450

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14326-108349

+ Details

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- Definition

Amount of loss contingency liability expected to be resolved after one year or beyond the normal operating cycle, if longer.

+ References

+ Details

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COMMITMENTS AND CONTINGENCIES Roll Forward of Asbestos Liability and Related Assets (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Net Asbestos Liability Rollforward [Line Items]
Asbestos Liability And Related Assets Net Current And Noncurrent - Beginning	$ 746.8
Asbestos-related costs, net	15.4itt_AsbestosRelatedCostsNet	15.8itt_AsbestosRelatedCostsNet
Increase Decrease Net Cash Activity	3.9itt_IncreaseDecreaseNetCashActivity
Asbestos Liability And Related Assets Net Current And Noncurrent - Ending	758.3
Asbestos-related liabilities	1,120.7		1,116.6
Liability [Member]
Net Asbestos Liability Rollforward [Line Items]
Asbestos Liability And Related Assets Net Current And Noncurrent - Beginning	1,223.2
Asbestos Provision For Liability And Related Assets Net	(18.1)
Increase Decrease Net Cash Activity	14.9
Asbestos Liability And Related Assets Net Current And Noncurrent - Ending	1,226.4
Loss Contingency, Accrual, Current	(105.7)
Asbestos-related liabilities	1,120.7
Asset [Member]
Net Asbestos Liability Rollforward [Line Items]
Asbestos Liability And Related Assets Net Current And Noncurrent - Beginning	476.4
Asbestos Provision For Liability And Related Assets Net	2.7
Increase Decrease Net Cash Activity	(11.0)
Asbestos Liability And Related Assets Net Current And Noncurrent - Ending	468.1
Loss Contingency, Accrual, Current	102.3
Asbestos-related liabilities	$ 365.8