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COMMITMENTS AND CONTINGENCIES (Tables) | 6 Months Ended
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Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract] |
Product Liability Contingencies [Table Text Block] | As of June 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 Six Months Ended June 30 (in thousands) | 2018
Pending claims – Beginning | 26 |
New claims | 2 |
Settlements | — |
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 six months ended June 30, 2018 and 2017.
| 2018 |  | 2017
For the Six Months Ended June 30 | Liability |  | Asset |  | Net |  | Liability |  | Asset |  | Net
Beginning balance | $ | 877.2 |  |  | $ | 368.7 |  |  | $ | 508.5 |  |  | $ | 954.3 |  |  | $ | 380.6 |  |  | $ | 573.7 |
Asbestos provision | 32.0 |  |  | 6.1 |  |  | 25.9 |  |  | 34.8 |  |  | 5.0 |  |  | 29.8 |
Insurance settlement agreements | — |  |  | 32.1 |  |  | (32.1 | ) |  | — |  |  | — |  |  | — |
Net cash activity | (50.4 | ) |  | (19.6 | ) |  | (30.8 | ) |  | (46.5 | ) |  | (15.8 | ) |  | (30.7 | )
Ending balance | $ | 858.8 |  |  | $ | 387.3 |  |  | $ | 471.5 |  |  | $ | 942.6 |  |  | $ | 369.8 |  |  | $ | 572.8 |
Current portion | $ | 77.2 |  |  | $ | 64.7 |  |  |  |  | $ | 76.6 |  |  | $ | 66.0 |  |  |
Noncurrent portion | $ | 781.6 |  |  | $ | 322.6 |  |  |  |  |  | $ | 866.0 |  |  | $ | 303.8 |  |  |
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, 2018 and 2017.
For the Six Months Ended June 30 | 2018 |  | 2017
Environmental liability - beginning balance | $ | 73.9 |  |  | $ | 76.6 |
Change in estimates for pre-existing accruals | 3.3 |  |  | 1.7 |
Accruals added during the period for new matters | 2.0 |  |  | — |
Net cash activity | (12.2 | ) |  | (5.3 | )
Foreign currency | 0.1 |  |  | 0.1 |
Environmental liability - ending balance | $ | 67.1 |  |  | $ | 73.1 |

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