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COMMITMENTS AND CONTINGENCIES Asbestos Matters Textuals (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Oct. 02, 2021 | Sep. 26, 2020 | Jun. 27, 2020 | Oct. 02, 2021 | Sep. 26, 2020
Asbestos Related Contingencies [Line Items] |  |  |  |  |  |
Deconsolidation Gain Or Loss Amount, Before Tax |  |  |  | $ 88.8 |  |
Deconsolidation Gain Or Loss Amount, Tax Amount |  |  |  | 116.9 |  |
Deconsolidation, Gain (Loss), Amount |  |  |  | (28.1) |  |
Insurance settlement agreements(c) | $ 0.0 | $ 0.0 |  | 0.0 | $ (48.3) | [1]
Payments for Divestiture of Asbestos Liabilities |  |  |  | 398.0 | 0.0 |
Assets [Member] |  |  |  |  |  |
Asbestos Related Contingencies [Line Items] |  |  |  |  |  |
Insurance settlement agreements(c) |  |  |  | 0.0 | (48.3) |
Liability [Member] |  |  |  |  |  |
Asbestos Related Contingencies [Line Items] |  |  |  |  |  |
Insurance settlement agreements(c) |  |  |  | 0.0 | 0.0 |
Asbestos Issue [Member] |  |  |  |  |  |
Asbestos Related Contingencies [Line Items] |  |  |  |  |  |
Asbestos Settlement Agreement Cash Proceeds |  |  |  |  | $ 66.4 |
Insurance settlement agreements(c) |  | $ 4.2 | $ 52.5 |  |  |
Payments for Divestiture of Asbestos Liabilities |  |  |  | $ 398.0 |  |
[1] | In March 2020, we finalized a settlement agreement with a group of insurers to settle responsibility for claims under certain insurance policies for a lump sum payment of $66.4, resulting in a benefit of $52.5. During June 2020, we entered into a settlement agreement with an insurer accelerating payments previously included in a buyout agreement, resulting in a loss of $4.2.

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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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- Definition Amount of gain (loss) from deconsolidation of subsidiary and derecognition of group of assets constituting transfer of business or nonprofit activity, excluding conveyance of oil and gas mineral rights and transfer of good or service in contract with customer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 1B -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109239629&loc=SL4582445-111684 + Details
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