XML 93 R82.htm IDEA: XBRL DOCUMENT
v3.10.0.1

COMMITMENTS AND CONTINGENCIES Roll Forward of Asbestos Liability and Related Assets (Detail) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2018 | Sep. 30, 2017 | Dec. 31, 2017
Net Asbestos Liability Rollforward [Line Items] |  |  |  |  |
Asbestos Liability And Related Assets Net Current And Noncurrent - Beginning |  |  | $ (508.5) | $ (573.7) |
Asbestos Related Costs, Provision to Maintain 10-Year Forecast Period | $ 13.4 | $ 13.6 | 39.3 | 43.4 |
Asbestos Related (Benefit) Costs, Annual Remeasurement | 7.2 | (76.4) | 7.2 | (76.4) |
Gain From Asbestos Insurance Settlement Agreement | (24.9) | 0.0 | (57.0) | 0.0 |
Cash Payments |  |  | (42.3) | (39.5) |
Asbestos Liability And Related Assets Net Current And Noncurrent - Ending | (455.7) | (501.2) | (455.7) | (501.2) |
Asbestos-related liabilities Current | 73.3 | 77.4 | 73.3 | 77.4 | $ 77.1
Asbestos-related liabilities Non-Current | 771.8 | 798.1 | 771.8 | 798.1 | 800.1
Asbestos-related assets Current | 67.1 | 64.7 | 67.1 | 64.7 | 64.7
Asbestos-related assets Non-Current | 322.3 | 309.6 | 322.3 | 309.6 | $ 304.0
Liability [Member] |  |  |  |  |
Net Asbestos Liability Rollforward [Line Items] |  |  |  |  |
Asbestos Liability And Related Assets Net Current And Noncurrent - Beginning |  |  | (877.2) | (954.3) |
Asbestos Related Costs, Provision to Maintain 10-Year Forecast Period |  |  | 48.5 | 51.1 |
Asbestos Related (Benefit) Costs, Annual Remeasurement | (8.6) |  | (8.6) | (66.4) |
Gain From Asbestos Insurance Settlement Agreement |  |  | 0.0 | 0.0 |
Cash Payments |  |  | (72.0) | (63.5) |
Asbestos Liability And Related Assets Net Current And Noncurrent - Ending | (845.1) | (875.5) | (845.1) | (875.5) |
Assets [Member] |  |  |  |  |
Net Asbestos Liability Rollforward [Line Items] |  |  |  |  |
Asbestos Liability And Related Assets Net Current And Noncurrent - Beginning |  |  | 368.7 | 380.6 |
Asbestos Related Costs, Provision to Maintain 10-Year Forecast Period |  |  | (9.2) | (7.7) |
Asbestos Related (Benefit) Costs, Annual Remeasurement | 15.8 |  | 15.8 | (10.0) |
Gain From Asbestos Insurance Settlement Agreement |  |  | (57.0) | 0.0 |
Cash Payments |  |  | 29.7 | 24.0 |
Asbestos Liability And Related Assets Net Current And Noncurrent - Ending | $ 389.4 | $ 374.3 | $ 389.4 | $ 374.3 |

X
- Definition Asbestos Liability and Related Assets Net Current and Noncurrent + References No definition available. + Details
Name: | itt_AsbestosLiabilityAndRelatedAssetsNetCurrentAndNoncurrent
Namespace Prefix: | itt_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Asbestos-related assets include both the probable insurance recoveries for the asbestos liabilities for pending claims, as well as unasserted claims to be filed over the next 10 years. + References No definition available. + Details
Name: | itt_AsbestosRelatedAssets
Namespace Prefix: | itt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition In the third quarter of each year, we conduct our asbestos remeasurement to review and update the underlying assumptions used in our asbestos liability and related asset estimates and to determine the cost the Company estimates will be incurred to resolve all pending claims, as well as unasserted claims estimated to be filed over the next 10 years. In each remeasurement, the underlying assumptions are updated based on actual experience since the previous annual remeasurement and we reassess the appropriate reference period of years of experience used in determining each assumption and our expectations regarding future conditions, including inflation. + References No definition available. + Details
Name: | itt_AsbestosRelatedCostsBenefitAnnualRemeasurement
Namespace Prefix: | itt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition In addition to the charges associated with our annual measurement, we record a net asbestos charge each quarter to maintain a rolling 10-year forecast period. + References No definition available. + Details
Name: | itt_AsbestosRelatedCostsBenefitProvisiontoMaintain10YearForecastPeriod
Namespace Prefix: | itt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition During 2013, ITT executed a final settlement agreement (the 2013 Settlement) with an insurer to settle responsibility for multiple categories of insured claims, including pending and future product liability claims. Under the terms of the 2013 Settlement, the insurer agreed to a specified series of payments over the course of the next five years, resulting in a one-time benefit of $31.0. + References No definition available. + Details
Name: | itt_AsbestosRelatedCostsBenefitSettlementAgreement
Namespace Prefix: | itt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Asbestos-related current assets. + References No definition available. + Details
Name: | itt_AsbestosRelatedCurrentAssets
Namespace Prefix: | itt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Asbestos related liability current. + References No definition available. + Details
Name: | itt_AsbestosRelatedLiabilityCurrent
Namespace Prefix: | itt_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The payments made in the period which reduced asbestos loss contingency reserves, net of associated insurance reimbursements. + References No definition available. + Details
Name: | itt_IncreaseDecreaseNetCashActivity
Namespace Prefix: | itt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition [Line Items] for Net Asbestos Liability Rollforward [Table] + References No definition available. + Details
Name: | itt_NetAsbestosLiabilityRollforwardLineItems
Namespace Prefix: | itt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of loss contingency liability expected to be resolved after one year or beyond the normal operating cycle, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 + Details
Name: | us-gaap_LossContingencyAccrualCarryingValueNoncurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_BalanceSheetLocationAxis=us-gaap_LiabilityMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BalanceSheetLocationAxis=us-gaap_AssetsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |