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v3.24.0.1

Label | Element | Value
--- | --- | ---
GERMANY |  |
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount | us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount | $ 16,100,000
ITALY |  |
Tax Adjustments, Settlements, and Unusual Provisions | us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions | 14,200,000
UNITED STATES |  |
Tax Adjustments, Settlements, and Unusual Provisions | us-gaap_TaxAdjustmentsSettlementsAndUnusualProvisions | 4,900,000
ITT 2023 Employee Stock Purchase Plan [Member] |  |
Employee Stock Ownership Plan (ESOP), Compensation Expense | us-gaap_EmployeeStockOwnershipPlanESOPCompensationExpense | $ 0
Employee Stock Ownership Plan (ESOP), Shares in ESOP | us-gaap_EmployeeStockOwnershipPlanESOPSharesInESOP | 500,000
Svanehoj [Member] | Subsequent Event [Member] |  |
Subsequent Events [Text Block] | us-gaap_SubsequentEventsTextBlock | Subsequent Event On January 19, 2024, we completed the acquisition of 100% of the outstanding shares of privately held Svanehøj Group A/S (Svanehøj) for a purchase price of approximately $410, net of cash acquired. Svanehøj is a supplier of pumps and related aftermarket services with leading positions in cryogenic applications for the marine sector. Svanehøj is headquartered in Denmark and has additional operations in Singapore and France. Svanehøj employs around 400 employees and generated approximately $140 in sales in 2022. Upon closing of the transaction, Svanehøj became part of our IP segment.

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- Definition The amount of plan compensation cost recognized during the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480489/718-40-50-1 + Details
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- Definition Sum of the allocated, committed-to-be-released and suspense shares of the entity held by the plan. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480489/718-40-50-1 + Details
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483399/855-10-50-2 + Details
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- Definition Amount of increase (decrease) to previously recorded tax expense. Includes, but is not limited to, significant settlements of income tax disputes, and unusual tax positions or infrequent actions taken by the entity, including tax assessment reversal, and IRS tax settlement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 25 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482620/740-10-25-8 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 25 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482620/740-10-25-10 + Details
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- Definition Amount of increase (decrease) in the valuation allowance for a specified deferred tax asset. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-2 + Details
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