XML 44 R31.htm IDEA: XBRL DOCUMENT v3.19.1
ACQUISITIONS Acquisitions (Notes)
3 Months Ended
Mar. 31, 2019
Acquisitions [Abstract]  
Business Combination Disclosure [Text Block] ACQUISITIONS On April 30, 2019, we completed the acquisition of 100% of the privately held stock of Rheinhütte Pumpen Group (Rheinhütte) for a purchase price of €81 euros, net of cash acquired. The transaction was funded from ITT’s cash and European commercial paper program. The purchase price is subject to change based on customary net working capital adjustments. Rheinhütte, with 2018 revenue of approximately €61.5 euros and approximately 430 employees operates in three main manufacturing locations. Rheinhütte is a designer and manufacturer of highly engineered pumps suited for harsh and corrosive environments for the industrial market. Rheinhütte will be reported within the Industrial Process segment.