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COMMITMENTS AND CONTINGENCIES (Tables)
 9 Months Ended
Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]  
Summary of Net Asbestos Charges [Table Text Block] The table below summarizes the total net asbestos charges for the three and nine months ended September 30, 2018 and 2017.
 
Three Months
 
Nine Months
For the Periods Ended September 30
2018
 
2017
 
2018
 
2017
Asbestos provision
$
13.4

 
$
13.6

 
$
39.3

 
$
43.4

Net asbestos remeasurement cost (benefit)
7.2

 
(76.4
)
 
7.2

 
(76.4
)
Insurance settlement agreement
(24.9
)
 
—

 
(57.0
)
 
—

Asbestos-related benefit, net
$
(4.3
)
 
$
(62.8
)
 
$
(10.5
)
 
$
(33.0
)
Product Liability Contingencies [Table Text Block] As of September 30, 2018, there were approximately 25 thousand pending claims against ITT subsidiaries, including Goulds Pumps LLC, 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 Nine Months Ended September 30 (in thousands)
2018
Pending claims – Beginning
26

New claims
3

Settlements
(1
)
Dismissals
(3
)
Pending claims – Ending
25
Roll Forward of Asbestos Liability and Related Assets The following table provides a rollforward of the estimated asbestos liability and related assets for the nine months ended September 30, 2018 and 2017.
 
2018
 
2017
For the Nine Months Ended September 30
Liability
 
Asset
 
Net
 
Liability
 
Asset
 
Net
Beginning balance
$
877.2


$
368.7


$
508.5

 
$
954.3

 
$
380.6

 
$
573.7

Asbestos provision
48.5


9.2


39.3

 
51.1

 
7.7

 
43.4

Asbestos remeasurement
(8.6
)
 
(15.8
)
 
7.2

 
(66.4
)
 
10.0

 
(76.4
)
Insurance settlement agreement
—

 
57.0

 
(57.0
)
 
—

 
—

 
—

Net cash activity
(72.0
)

(29.7
)

(42.3
)
 
(63.5
)
 
(24.0
)
 
(39.5
)
Ending balance
$
845.1


$
389.4


$
455.7

 
$
875.5

 
$
374.3

 
$
501.2

Current portion
$
73.3


$
67.1



 
$
77.4

 
$
64.7

 
 
Noncurrent portion
$
771.8


$
322.3




 
$
798.1

 
$
309.6

 
 
Rollforward of Environmental Liability and Related Assets The following table provides a rollforward of the estimated environmental liability for the nine months ended September 30, 2018 and 2017.
For the Nine Months Ended September 30
2018
 
2017
Environmental liability - beginning balance
$
73.9

 
$
76.6

Change in estimates for pre-existing accruals
3.4

 
2.4

Accruals added during the period for new matters
2.0

 
—

Payments
(14.6
)
 
(7.4
)
Foreign currency
0.1

 
0.1

Environmental liability - ending balance
$
64.8

 
$
71.7