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COMMITMENTS AND CONTINGENCIES Asbestos Matters Textuals (Details) Claim in Thousands, $ in Millions | 3 Months Ended | 9 Months Ended |  |
--- | --- | --- | --- | ---
Sep. 30, 2020 USD ($) Claim | Jun. 30, 2020 USD ($) | Sep. 30, 2019 USD ($) | Sep. 30, 2020 USD ($) Claim | Sep. 30, 2019 USD ($) | Dec. 31, 2019 USD ($) Claim | Dec. 31, 2018 USD ($)
Asbestos Related Contingencies [Line Items] |  |  |  |  |  |  |  |  |
Asbestos Related Costs (Benefit), Settlement Agreement | $ 0.0 |  | $ 0.0 | $ (48.3) |  | $ 0.0 |  |  |
Asbestos Liability And Related Assets Net Current And Noncurrent | 538.6 |  | 420.7 | 538.6 |  | $ 420.7 |  | $ 430.8 | $ 472.6
Asbestos Liability Measurement Periods for Claims Pending and Estimated to be Filed |  |  |  |  |  | 10 years |  |  |
Asbestos Remeasurement Charge | $ 135.9 |  | (68.1) | $ 135.9 | [1] | $ (68.1) | [1] |  |
Asbestos Insurance Coverage-In-Place and Buyout Agreements Relative to Total Asbestos-Related Asset | 59.00% |  |  | 59.00% |  |  |  |  |
Asbestos Issue [Member] |  |  |  |  |  |  |  |  |
Asbestos Related Contingencies [Line Items] |  |  |  |  |  |  |  |  |
Pending Asbestos Claims | Claim | 25 |  |  | 25 |  |  |  | 24 |
Assets [Member] |  |  |  |  |  |  |  |  |
Asbestos Related Contingencies [Line Items] |  |  |  |  |  |  |  |  |
Asbestos Related Costs (Benefit), Settlement Agreement |  |  |  | $ (48.3) |  | 0.0 |  |  |
Asbestos Liability And Related Assets Net Current And Noncurrent | $ (409.4) |  | (407.1) | (409.4) |  | (407.1) |  | $ (386.8) | (376.7)
Asbestos Remeasurement Charge |  |  |  | (19.8) |  | (63.6) |  |  |
Liability [Member] |  |  |  |  |  |  |  |  |
Asbestos Related Contingencies [Line Items] |  |  |  |  |  |  |  |  |
Asbestos Related Costs (Benefit), Settlement Agreement |  |  |  | 0.0 |  | 0.0 |  |  |
Asbestos Liability And Related Assets Net Current And Noncurrent | 948.0 |  | $ 827.8 | 948.0 |  | 827.8 |  | $ 817.6 | $ 849.3
Asbestos Remeasurement Charge |  |  |  | 155.7 |  | $ (4.5) |  |  |
Asbestos Related Matters [Member] |  |  |  |  |  |  |  |  |
Asbestos Related Contingencies [Line Items] |  |  |  |  |  |  |  |  |
Asbestos Settlement Agreement Cash Proceeds |  | $ 66.4 |  |  |  |  |  |  |
Asbestos Related Costs (Benefit), Settlement Agreement | 4.2 | $ 52.5 |  |  |  |  |  |  |
Loss Contingency Accrual | $ 948.0 |  |  | $ 948.0 |  |  |  |  |
[1] | In the third quarter of 2020, we extended our projection to include pending claims and claims expected to be filed through 2052, reflecting the full time period over which we expect asbestos-related claims to be filed against us

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- 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
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