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COMMITMENTS AND CONTINGENCIES (Tables) | 3 Months Ended
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Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract] |
Product Liability Contingencies [Table Text Block] | As of March 31, 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 Three Months Ended March 31 (in thousands) | 2018
Pending claims – Beginning | 26 |
New claims | 1 |
Settlements | — |
Dismissals | (2 | )
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 three months ended March 31, 2018 and 2017.
| 2018 |  | 2017
For the Three Months Ended March 31 | Liability |  | Asset |  | Net |  | Liability |  | Asset |  | Net
Beginning balance | $ | 877.2 |  |  | $ | 368.7 |  |  | $ | 508.5 |  |  | $ | 954.3 |  |  | $ | 380.6 |  |  | $ | 573.7 |
Asbestos provision | 15.3 |  |  | 2.9 |  |  | 12.4 |  |  | 17.4 |  |  | 2.5 |  |  | 14.9 |
Insurance settlement agreements | — |  |  | 32.1 |  |  | (32.1 | ) |  | — |  |  | — |  |  | — |
Net cash activity | (22.2 | ) |  | (9.4 | ) |  | (12.8 | ) |  | (28.8 | ) |  | (15.8 | ) |  | (13.0 | )
Ending balance | $ | 870.3 |  |  | $ | 394.3 |  |  | $ | 476.0 |  |  | $ | 942.9 |  |  | $ | 367.3 |  |  | $ | 575.6 |
Current portion | $ | 77.4 |  |  | $ | 64.7 |  |  |  |  | $ | 76.3 |  |  | $ | 66.0 |  |  |
Noncurrent portion | $ | 792.9 |  |  | $ | 329.6 |  |  |  |  |  | $ | 866.6 |  |  | $ | 301.3 |  |  |
Rollforward of Environmental Liability and Related Assets | The following table provides a rollforward of the estimated environmental liability for the three months ended March 31, 2018 and 2017.
For the Three Months Ended March 31 | 2018 |  | 2017
Environmental liability - beginning balance | $ | 73.9 |  |  | $ | 76.6 |
Change in estimates for pre-existing accruals | 2.6 |  |  | (0.7 | )
Accruals added during the period for new matters | 2.0 |  |  | — |
Net cash activity | (10.0 | ) |  | (3.4 | )
Environmental liability - ending balance | $ | 68.5 |  |  | $ | 72.5 |

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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=82911808&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=82911808&loc=d3e14453-108349 Reference 3: 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 4: 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=82911808&loc=d3e14394-108349 Reference 5: 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=82911808&loc=d3e14557-108349 Reference 6: 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=82911808&loc=d3e14435-108349 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=82911808&loc=d3e14472-108349 + Details
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