Asbestos Liability and Related Assets Net Current and Noncurrent

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- Definition

Asbestos Liability Measurement Periods for Claims Pending and Estimated to be Filed

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No definition available.

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- Definition

Asbestos Related Contingencies [Line Items]

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- 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.

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- 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.

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No definition available.

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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.

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- Definition

Number of pending claims pertaining to a loss contingency.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=82911808&loc=d3e14435-108349

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COMMITMENTS AND CONTINGENCIES Asbestos Matters Textuals (Details) Claim in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018 USD ($) Claim	Sep. 30, 2017 USD ($)	Sep. 30, 2018 USD ($) Claim	Sep. 30, 2017 USD ($)	Dec. 31, 2017 USD ($) Claim	Dec. 31, 2016 USD ($)
Asbestos Related Contingencies [Line Items]
Asbestos Liability Measurement Periods for Claims Pending and Estimated to be Filed			10 years
Asbestos Related Costs, Provision to Maintain 10-Year Forecast Period	$ 13.4	$ 13.6	$ 39.3	$ 43.4
Gain From Asbestos Insurance Settlement Agreement	24.9	0.0	57.0	0.0
Asbestos Liability And Related Assets Net Current And Noncurrent	455.7	501.2	455.7	501.2	$ 508.5	$ 573.7
Asbestos Related (Benefit) Costs, Annual Remeasurement	$ 7.2	(76.4)	$ 7.2	(76.4)
Asbestos Issue [Member]
Asbestos Related Contingencies [Line Items]
Pending Asbestos Claims \| Claim	25		25		26
Liability [Member]
Asbestos Related Contingencies [Line Items]
Asbestos Related Costs, Provision to Maintain 10-Year Forecast Period			$ 48.5	51.1
Gain From Asbestos Insurance Settlement Agreement			0.0	0.0
Asbestos Liability And Related Assets Net Current And Noncurrent	$ 845.1	875.5	845.1	875.5	$ 877.2	954.3
Asbestos Related (Benefit) Costs, Annual Remeasurement	(8.6)		(8.6)	(66.4)
Assets [Member]
Asbestos Related Contingencies [Line Items]
Asbestos Related Costs, Provision to Maintain 10-Year Forecast Period			(9.2)	(7.7)
Gain From Asbestos Insurance Settlement Agreement			57.0	0.0
Asbestos Liability And Related Assets Net Current And Noncurrent	(389.4)	$ (374.3)	(389.4)	(374.3)	$ (368.7)	$ (380.6)
Asbestos Related (Benefit) Costs, Annual Remeasurement	$ 15.8		$ 15.8	$ (10.0)