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Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]  
Activity Related to Asbestos Claims As of December 31, 2018, there were 24 thousand pending active 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:
(in thousands)
2018

 
2017

 
2016

Pending claims – Beginning
26

 
30

 
37

New claims
4

 
4

 
4

Settlements
(1
)
 
(2
)
 
(1
)
Dismissals
(5
)
 
(6
)
 
(10
)
Pending claims – Ending
24

 
26

 
30
Summary of Net Asbestos Charges The table below summarizes the total net asbestos-related charge for the years ended December 31, 2018, 2017 and 2016.
 
2018

 
2017

 
2016

Asbestos provision, net(a)
$
53.8

 
$
56.5

 
$
59.0

Asbestos remeasurement, net
10.0

 
(76.4
)
 
(81.8
)
Settlement agreements and other
(58.9
)
 
—

 
(2.8
)
Asbestos-related expense (benefit), net
$
4.9

 
$
(19.9
)
 
$
(25.6
)
Roll Forward of Asbestos Liability and Related Assets The following table provides a rollforward of the estimated asbestos liability and related assets for the years ended December 31, 2018 and 2017.
 
2018
 
2017
 
Liability

 
Asset

 
Net

 
Liability

 
Asset

 
Net

Balance as of January 1
$
877.2

 
$
368.7

 
$
508.5

 
$
954.3

 
$
380.6

 
$
573.7

Asbestos provision(a)
66.1

 
12.3

 
53.8

 
67.1

 
10.6

 
56.5

Asbestos remeasurement
(5.8
)
 
(15.8
)
 
10.0

 
(66.4
)
 
10.0

 
(76.4
)
Settlement agreements
—

 
58.9

 
(58.9
)
 
—

 
—

 
—

Net cash activity and other(a)
(88.2
)
 
(47.4
)
 
(40.8
)
 
(77.8
)
 
(32.5
)
 
(45.3
)
Balance as of December 31
$
849.3

 
$
376.7

 
$
472.6

 
$
877.2

 
$
368.7

 
$
508.5

Current portion
74.2

 
67.1

 
 
 
77.1

 
64.7

 
 
Noncurrent portion
775.1

 
309.6

 
 
 
800.1

 
304.0

 
 

(a)
Includes certain administrative costs such as legal-related costs for insurance asset recoveries.
Rollforward of Environmental Liability and Related Assets Table The following table provides a rollforward of the estimated current and long-term environmental liability for the years ended December 31, 2018 and 2017.
 
2018

 
2017

Balance as of January 1
$
73.9

 
$
76.6

Changes in estimates for pre-existing accruals(a)
6.6

 
8.8

Accruals added during the period for new matters
2.0

 
—

Net cash activity(b)
(15.8
)
 
(11.7
)
Foreign currency
0.1

 
0.2

Balance as of December 31
$
66.8

 
$
73.9


(a)
Changes in estimates for pre-existing accruals includes environmental-related costs $3.7 reported within results of discontinued operations for the year ended December 31, 2017.
(b)
Includes cash payments the year ended December 31, 2018 and 2017 of $10.2 and $4.6, respectively, related to the sale of a former operating location.
Range of Environmental Liability and Number of Active Sites for Environmental Matters The following table illustrates the reasonably possible high range of estimated liability, and number of active sites for environmental matters.
 
2018

 
2017

High end range
$
115.9

 
$
126.3

Number of active environmental investigation and remediation sites
31

 
36