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COMMITMENTS AND CONTINGENCIES (Tables) | 6 Months Ended
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Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract] |
Product Liability Contingencies [Table Text Block] | As of June 30, 2020, there were approximately 24 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:
Pending claims – Beginning | 24 |  |  |
New claims | 2 |  |  |
Settlements | (1) |  |  |
Dismissals | (1) |  |  |
Pending claims – Ending | 24 |  |  |
Roll Forward of Asbestos Liability and Related Assets | he following table provides a rollforward of the estimated asbestos liability and related assets for the six months ended June 30, 2020 and 2019.
| 2020 |  |  |  |  |  | 2019 |  |  |  |
For the Six Months Ended June 30 | Liability |  | Asset |  | Net |  | Liability |  | Asset |  | Net
Beginning balance | $ | 817.6 |  |  | $ | 386.8 |  |  | $ | 430.8 |  |  | $ | 849.3 |  |  | $ | 376.7 |  |  | $ | 472.6 |
Asbestos provision(a) | 28.9 |  |  | 5.3 |  |  | 23.6 |  |  | 30.6 |  |  | 6.2 |  |  | 24.4 |
Insurance settlement agreements | — |  |  | 48.3 |  |  | (48.3) |  |  | — |  |  | — |  |  | — |
Net cash activity(a) | (42.7) |  |  | (35.1) |  |  | (7.6) |  |  | (44.1) |  |  | (28.3) |  |  | (15.8) |
Ending balance | $ | 803.8 |  |  | $ | 405.3 |  |  | $ | 398.5 |  |  | $ | 835.8 |  |  | $ | 354.6 |  |  | $ | 481.2 |
Current portion | $ | 85.9 |  |  | $ | 85.9 |  |  |  |  | $ | 72.6 |  |  | $ | 67.1 |  |  |
Noncurrent portion | $ | 717.9 |  |  | $ | 319.4 |  |  |  |  | $ | 763.2 |  |  | $ | 287.5 |  |  |
(a)Includes certain administrative costs such as legal-related costs for insurance asset recoveries.
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, 2020 and 2019.
For the Six Months Ended June 30 | 2020 |  | 2019
Environmental liability - beginning balance | $ | 61.9 |  |  | $ | 66.8 |
Change in estimates for pre-existing accruals: |  |  |
Continuing operations | 1.4 |  |  | 0.3 |
Discontinued operations | (1.6) |  |  | — |
Payments | (2.3) |  |  | (3.6) |
Foreign currency | (0.1) |  |  | — |
Environmental liability - ending balance | $ | 59.3 |  |  | $ | 63.5 |

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