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Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]  
Activity Related to Asbestos Claims As of December 31, 2017, there were 26 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)
2017

 
2016

 
2015

Pending claims – Beginning
30

 
37

 
62

New claims
4

 
4

 
4

Settlements
(2
)
 
(1
)
 
(1
)
Dismissals
(6
)
 
(10
)
 
(28
)
Pending claims – Ending
26

 
30

 
37
Summary of Net Asbestos Charges The table below summarizes the total net asbestos charge for the years ended December 31, 2017, 2016 and 2015.
 
2017

 
2016

 
2015

Asbestos provision
$
56.5

 
$
59.0

 
$
63.0

Asbestos remeasurement, net
(76.4
)
 
(81.8
)
 
(44.8
)
Defense cost adjustment
—

 
(4.9
)
 
(100.7
)
Settlement agreements
—

 
2.1

 
(8.9
)
Asbestos-related benefit, net
$
(19.9
)
 
$
(25.6
)
 
$
(91.4
)
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, 2017 and 2016.
 
2017
 
2016
 
Liability

 
Asset

 
Net

 
Liability

 
Asset

 
Net

Balance as of January 1
$
954.3

 
$
380.6

 
$
573.7

 
$
1,042.8

 
$
412.0

 
$
630.8

Asbestos provision
67.1

 
10.6

 
56.5

 
68.8

 
9.8

 
59.0

Asbestos remeasurement
(66.4
)
 
10.0

 
(76.4
)
 
(75.9
)
 
5.9

 
(81.8
)
Settlement agreements
—

 
—

 
—

 
—

 
(2.1
)
 
2.1

Defense cost adjustment
—

 
—

 
—

 
(4.9
)
 
—

 
(4.9
)
Net cash activity and other
(77.8
)
 
(32.5
)
 
(45.3
)
 
(76.5
)
 
(45.0
)
 
(31.5
)
Balance as of December 31
$
877.2

 
$
368.7

 
$
508.5

 
$
954.3

 
$
380.6

 
$
573.7

Current portion
77.1

 
64.7

 
 
 
76.8

 
66.0

 
 
Noncurrent portion
800.1

 
304.0

 
 
 
877.5

 
314.6

 
 
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, 2017 and 2016.
 
2017

 
2016

Balance as of January 1
$
76.6

 
$
82.6

Changes in estimates for pre-existing accruals(a)
8.8

 
5.9

Net cash activity
(11.7
)
 
(11.9
)
Foreign currency
0.2

 
—

Balance as of December 31
$
73.9

 
$
76.6


(a)
Changes in estimates for pre-existing accruals includes environmental-related costs of $3.7 and a reversal of prior accruals of $0.7 reported within results of discontinued operations for the years ended December 31, 2017 and 2016, 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.
 
2017

 
2016

High end range
$
126.3

 
$
127.6

Number of active environmental investigation and remediation sites
36

 
39