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COMMITMENTS AND CONTINGENCIES (Tables) | 6 Months Ended
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Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract] |
Product Liability Contingencies [Table Text Block] | As of June 30, 2016, there were 35 thousand pending claims against ITT subsidiaries, 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 Six Months Ended June 30 (in thousands) | 2016
Pending claims – Beginning | 37 |
New claims | 2 |
Dismissals | (4 | )
Pending claims – Ending | 35 |
Roll Forward of Asbestos Liability and Related Assets | Changes in Financial Position The following table provides a rollforward of the estimated asbestos liability and related assets for the six months ended June 30, 2016 and 2015.
| 2016 |  | 2015
For the Six Months Ended June 30 | Liability |  | Asset |  | Net |  | Liability |  | Asset |  | Net
Beginning balance | $ | 1,042.8 |  |  | $ | 412.0 |  |  | $ | 630.8 |  |  | $ | 1,223.2 |  |  | $ | 476.4 |  |  | $ | 746.8 |
Asbestos provision | 35.4 |  |  | 4.8 |  |  | 30.6 |  |  | 36.6 |  |  | 5.3 |  |  | 31.3 |
Defense costs adjustment | (4.9 | ) |  | — |  |  | (4.9 | ) |  | (124.2 | ) |  | (23.5 | ) |  | (100.7 | )
Settlement agreements | — |  |  | (2.1 | ) |  | 2.1 |  |  | — |  |  | — |  |  | — |
Net cash activity | (35.3 | ) |  | (23.8 | ) |  | (11.5 | ) |  | (30.4 | ) |  | (23.9 | ) |  | (6.5 | )
Ending balance | $ | 1,038.0 |  |  | $ | 390.9 |  |  | $ | 647.1 |  |  | $ | 1,105.2 |  |  | $ | 434.3 |  |  | $ | 670.9 |
Current portion | $ | 87.4 |  |  | $ | 74.5 |  |  |  |  | $ | 105.7 |  |  | $ | 102.4 |  |  |
Noncurrent portion | $ | 950.6 |  |  | $ | 316.4 |  |  |  |  |  | $ | 999.5 |  |  | $ | 331.9 |  |  |
Rollforward of Environmental Liability and Related Assets | The following table provides a rollforward of the estimated environmental liability for the six months ended June 30, 2016 and 2015.
For the Six Months Ended June 30 | 2016 |  | 2015
Environmental liability - beginning balance | $ | 82.6 |  |  | $ | 89.9 |
Change in estimates for pre-existing accruals |  |  |
Continuing operations | 1.6 |  |  | 1.1 |
Discontinued operations | 0.3 |  |  | (2.8 | )
Net cash activity | (7.7 | ) |  | (7.2 | )
Foreign currency | — |  |  | (0.3 | )
Environmental liability - ending balance | $ | 76.8 |  |  | $ | 80.7 |

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- Definition Tabular disclosure of exposure to material amount of loss arising from allegations of damages pertaining to and arising from one or more of the entity's products. + 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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14453-108349 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14394-108349 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14557-108349 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14435-108349 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.Y.Q2) -URI http://asc.fasb.org/extlink&oid=27011672&loc=d3e149879-122751 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14472-108349 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section Y -Paragraph Question 2 + Details
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