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Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]  
Activity Related to Asbestos Claims As of December 31, 2016, there were 30 thousand pending active claims against ITT subsidiaries, 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:
(in thousands)
2016

 
2015

 
2014

Pending claims – Beginning
37

 
62

 
79

New claims
4

 
4

 
4

Settlements
(1
)
 
(1
)
 
(2
)
Dismissals
(10
)
 
(28
)
 
(19
)
Pending claims – Ending
30

 
37

 
62

Pending inactive claims(a)
—

 
—

 
13

Pending active claims
30

 
37

 
49

(a)
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 of December 31, 2016, all inactive claims have been dismissed.
Summary of Net Asbestos Charges The table below summarizes the total net asbestos charge for the years ended December 31, 2016, 2015 and 2014.
 
2016

 
2015

 
2014

Asbestos provision
$
59.0

 
$
63.0

 
$
64.9

Asbestos remeasurement, net
(81.8
)
 
(44.8
)
 
(58.8
)
Defense cost adjustment
(4.9
)
 
(100.7
)
 
—

Settlement agreements
2.1

 
(8.9
)
 
(2.2
)
Net asbestos (benefit) charge, net
$
(25.6
)
 
$
(91.4
)
 
$
3.9
Roll Forward of Asbestos Liability and Related Assets The following table provides a rollforward of the estimated asbestos liability and related assets for the years ended December 31, 2016 and 2015.
 
2016
 
2015
 
Liability

 
Asset

 
Net

 
Liability

 
Asset

 
Net

Balance as of January 1
$
1,042.8

 
$
412.0

 
$
630.8

 
$
1,223.2

 
$
476.4

 
$
746.8

Asbestos provision
68.8

 
9.8

 
59.0

 
73.3

 
10.3

 
63.0

Asbestos remeasurement
(75.9
)
 
5.9

 
(81.8
)
 
(52.7
)
 
(7.9
)
 
(44.8
)
Settlement agreements
—

 
(2.1
)
 
2.1

 
—

 
8.9

 
(8.9
)
Defense cost adjustment
(4.9
)
 
—

 
(4.9
)
 
(124.2
)
 
(23.5
)
 
(100.7
)
Net cash activity and other
(76.5
)
 
(45.0
)
 
(31.5
)
 
(76.8
)
 
(52.2
)
 
(24.6
)
Balance as of December 31
$
954.3

 
$
380.6

 
$
573.7

 
$
1,042.8

 
$
412.0

 
$
630.8

Current portion
76.8

 
66.0

 
 
 
88.0

 
74.5

 
 
Noncurrent portion
877.5

 
314.6

 
 
 
954.8

 
337.5

 
 
Rollforward of Environmental Liability and Related Assets Table The following table provides a rollforward of the estimated current and long-term environmental liability for the years ended December 31, 2016 and 2015.
 
2016

 
2015

Balance as of January 1
$
82.6

 
$
89.9

Changes in estimates for pre-existing accruals(a):
 
 
 
Pre-existing accrual additions
6.6

 
11.0

Pre-existing accrual reversals
(0.7
)
 
(5.6
)
Net cash activity
(11.9
)
 
(12.1
)
Foreign currency
—

 
(0.6
)
Balance as of December 31
$
76.6

 
$
82.6


(a)
Changes in estimates for pre-existing accruals includes environmental-related costs of $0.7 and a reversal of prior accruals of $0.9 reported within results of discontinued operations for the years ended December 31, 2016 and 2015, respectively.
Range of Environmental Liability and Number of Active Sites for Environmental Matters The following table illustrates the reasonably possible high range of estimated liability, and number of active sites for environmental matters.
 
2016

 
2015

High end range
$
127.6

 
$
140.6

Number of active environmental investigation and remediation sites
39

 
49