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Document and Entity Information - shares shares in Millions	6 Months Ended
Document and Entity Information - shares shares in Millions	Jun. 30, 2019	Jul. 31, 2019
Cover page.
Entity Registrant Name	ITT INC.
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity File Number	001-05672
Entity Central Index Key	0000216228
Entity Incorporation, State or Country Code	IN
Entity Tax Identification Number	81-1197930
Entity Address, Address Line One	1133 Westchester Avenue
Entity Address, City or Town	White Plains
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10604
City Area Code	(914)
Local Phone Number	641-2000
Title of 12(b) Security	Common Stock, par value $1 per share
Trading Symbol	ITT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		88.0

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Revenue	$ 719.9	$ 696.8	$ 1,415.4	$ 1,386.1
Costs of revenue	487.9	470.8	964.6	935.9
Gross profit	232.0	226.0	450.8	450.2
General and administrative expenses	65.7	63.0	117.6	128.1
Sales and marketing expenses	42.7	43.4	82.9	86.9
Research and development expenses	25.8	25.8	49.3	50.5
Asbestos-related costs (benefit), net	11.8	13.5	24.4	(6.2)
Operating income	86.0	80.3	176.6	190.9
Interest and non-operating (income) expenses, net	(0.4)	1.5	(0.9)	3.3
Income from continuing operations before income tax expense	86.4	78.8	177.5	187.6
Income tax expense	19.3	8.9	39.0	16.5
Income from continuing operations	67.1	69.9	138.5	171.1
(Loss) income from discontinued operations, net of tax	(0.1)	0.0	(0.1)	0.1
Net income	67.0	69.9	138.4	171.2
Less: Income attributable to noncontrolling interests	0.2	0.2	0.3	0.3
Net income attributable to ITT Inc.	66.8	69.7	138.1	170.9
Amounts attributable to ITT Inc.:
Income from continuing operations, net of tax	66.9	69.7	138.2	170.8
(Loss) income from discontinued operations, net of tax	(0.1)	0.0	(0.1)	0.1
Net income attributable to ITT Inc.	$ 66.8	$ 69.7	$ 138.1	$ 170.9
Basic:
Continuing operations	$ 0.76	$ 0.80	$ 1.58	$ 1.95
Net income	0.76	0.80	1.58	1.95
Diluted:
Continuing operations	0.75	0.79	1.56	1.93
Net income	$ 0.75	$ 0.79	$ 1.56	$ 1.93
Weighted average common shares – basic	87.8	87.5	87.7	87.8
Weighted average common shares – diluted	88.7	88.4	88.6	88.7

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Tax benefit on income from discontinued operations	$ 0.0	$ 0.1	$ 0.0	$ 0.0

- Definition

Amount of tax expense (benefit) related to a discontinued operation. Includes, but is not limited to, tax expense (benefit) related to income (loss) from operations during the phase-out period, tax expense (benefit) related to gain (loss) on disposal, tax expense (benefit) related to gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and tax expense (benefit) related to adjustments of a prior period gain (loss) on disposal.

+ References + Details

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 67.0	$ 69.9	$ 138.4	$ 171.2
Other comprehensive income (loss):
Net foreign currency translation adjustment	5.3	(47.1)	2.9	(20.6)
Net change in postretirement benefit plans, net of tax benefits of $0.2, $0.4, $0.4 and $0.8, respectively	0.5	1.1	1.1	2.2
Other comprehensive income (loss)	5.8	(46.0)	4.0	(18.4)
Comprehensive income	72.8	23.9	142.4	152.8
Less: Comprehensive income attributable to noncontrolling interests	0.2	0.2	0.3	0.3
Comprehensive income attributable to ITT Inc.	72.6	23.7	142.1	152.5
Reclassification adjustments (see Note 15):
Amortization of prior service benefit, net of tax expense of $(0.2), $(0.3), $(0.5) and $(0.5), respectively	(0.9)	(0.8)	(1.7)	(1.7)
Amortization of net actuarial loss, net of tax benefits of $0.4, $0.7, $0.9 and $1.3, respectively	1.4	1.9	2.8	3.9
Net change in postretirement benefit plans, net of tax benefits of $0.2, $0.4, $0.4 and $0.8, respectively	$ 0.5	$ 1.1	$ 1.1	$ 2.2

CONSOLIDATED CONDENSED STATEMENT OF COMPREHENSIVE INCOME (Parenthetical) (Parentheticals) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Net change in postretirement benefit plans, Tax Benefits	$ 0.2	$ 0.4	$ 0.4	$ 0.8
Amortization of prior service costs, Tax (Expense) Benefit	(0.2)	(0.3)	(0.5)	(0.5)
Amortization of net actuarial loss, Tax Benefits	$ 0.4	$ 0.7	$ 0.9	$ 1.3

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Millions

Jun. 30, 2019

Dec. 31, 2018

Current assets:

Cash and cash equivalents

$ 531.9

$ 561.2

Receivables, net

600.0

540.0

Inventories, net

421.4

380.5

Total current assets

149.1

163.4

Total current assets

1,702.4

1,645.1

Plant, property and equipment, net

534.1

518.8

Goodwill

931.0

875.9

Other intangible assets, net

128.1

136.1

Asbestos-related assets

287.5

309.6

Deferred income taxes

162.9

164.5

Other non-current assets

295.4

196.8

Total non-current assets

2,339.0

2,201.7

Total assets

4,041.4

3,846.8

^[1]

Current liabilities:

Commercial paper and current maturities of long-term debt

149.4

116.2

Accounts payable

347.4

339.2

Accrued liabilities

395.6

416.7

Total current liabilities

892.4

872.1

Asbestos-related liabilities

763.2

775.1

Postretirement benefits

204.0

208.2

Other non-current liabilities

244.4

166.5

Total non-current liabilities

1,211.6

1,149.8

Total liabilities

2,104.0

2,021.9

Shareholders’ equity:

Issued and outstanding – 87.9 shares and 87.6 shares, respectively

87.9

87.6

Retained earnings

2,218.8

2,110.3

Total accumulated other comprehensive loss

(371.5)

(375.5)

Total ITT Inc. shareholders’ equity

1,935.2

1,822.4

Noncontrolling interests

2.2

2.5

Total shareholders’ equity

1,937.4

1,824.9

Total liabilities and shareholders’ equity

$ 4,041.4

$ 3,846.8

[1]	Amounts reflect balances as of December 31, 2018.

CONSOLIDATED CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares shares in Millions	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Common stock, shares authorized	250.0	250.0
Common stock, par value	$ 1	$ 1
Common stock, shares issued	87.9	87.6
Common stock, shares outstanding	87.9	87.6

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Operating Activities
Income from continuing operations attributable to ITT Inc.	$ 138.2	$ 170.8
Adjustments to income from continuing operations:
Depreciation and amortization	53.0	55.2
Equity-based compensation	8.4	10.2
Asbestos-related costs (benefit), net	24.4	(6.2)
Other non-cash charges, net	15.3	4.3
Asbestos-related payments, net	(15.8)	(30.8)
Changes in assets and liabilities:
Change in receivables	(52.9)	(15.2)
Change in inventories	(27.4)	(22.8)
Change in accounts payable	11.4	(14.2)
Change in accrued expenses	(28.1)	(23.0)
Change in income taxes	3.7	(11.7)
Other, net	(29.1)	2.7
Net Cash – Operating activities	101.1	119.3
Investing Activities
Capital expenditures	(45.8)	(46.3)
Acquisitions, net of cash acquired	(87.3)	0.0
Other, net	0.8	0.9
Net Cash – Investing activities	(132.3)	(45.4)
Financing Activities
Commercial paper, net repayments	33.7	(162.4)
Short-term revolving loans, borrowings	0.0	246.5
Short-term revolving loans, repayments	0.0	(23.5)
Long-term debt, issued	7.1	0.0
Long-term debt, repayments	(2.0)	(1.9)
Repurchase of common stock	(20.0)	(55.4)
Proceeds from issuance of common stock	8.3	4.7
Dividends paid	(26.1)	(12.0)
Other, net	(0.6)	(0.1)
Net Cash – Financing activities	0.4	(4.1)
Exchange rate effects on cash and cash equivalents	0.6	(8.6)
Net Cash – Operating activities of discontinued operations	1.2	(1.4)
Net change in cash and cash equivalents	(29.0)	59.8
Cash and cash equivalents – beginning of year (includes restricted cash of $1.0 and $1.2, respectively)	562.2	391.0
Cash and cash equivalents – end of period (includes restricted cash of $1.3 and $1.2, respectively)	533.2	450.8
Cash paid during the year for:
Interest	1.7	1.1
Income taxes, net of refunds received	$ 33.7	$ 23.2

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Restricted Cash	$ 1.3	$ 1.0	$ 1.2	$ 1.2

CONSOLIDATED CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY CONSOLIDATED CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) shares in Millions, $ in Millions	Total	Common Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]
Common stock, shares issued	88.2
Issued and outstanding – 87.9 shares and 87.6 shares, respectively		$ 88.2
Retained earnings	$ 1,856.1
Total accumulated other comprehensive loss	(348.2)			$ (348.2)
Noncontrolling interests					$ 1.7
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	1,597.8
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	101.3	$ 0.0		0.0
Less: Income attributable to noncontrolling interests					0.1
Net Income (Loss) Attributable to Parent			$ 101.2
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture		0.3
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	5.0	$ 0.3	4.7	0.0	0.0
Repurchase of shares of common stock		(1.1)
Stock Repurchased During Period, Value	(55.3)	$ (1.1)	(54.2)	0.0	0.0
Cumulative Effect on Retained Earnings, Net of Tax	(4.1)	0.0	(4.1)	0.0	0.0
Dividends, Common Stock, Cash	(11.9)	0.0	(11.9)	0.0	0.0
Other Comprehensive Income (Loss), Net of Tax	27.6	0.0	0.0	27.6	0.0
Chane In Equity From Noncontrolling Interest Attributable To Other	0.1	0.0	0.0	0.0	0.1
Less: Income attributable to noncontrolling interests	(0.3)
Net Income (Loss) Attributable to Parent	170.9
Other Comprehensive Income (Loss), Net of Tax	$ (18.4)
Common stock, shares issued	87.4
Issued and outstanding – 87.9 shares and 87.6 shares, respectively		87.4
Retained earnings	$ 1,891.8
Total accumulated other comprehensive loss	(320.6)			(320.6)
Noncontrolling interests					1.9
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	1,660.5
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	69.9	$ 0.0		0.0
Less: Income attributable to noncontrolling interests	(0.2)				(0.2)
Net Income (Loss) Attributable to Parent	69.7		69.7
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture		0.2
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	9.9	$ 0.2	9.7	0.0	0.0
Repurchase of shares of common stock		0.0
Stock Repurchased During Period, Value	(0.1)	$ 0.0	(0.1)	0.0	0.0
Dividends, Common Stock, Cash	(11.8)	0.0	(11.8)	0.0	0.0
Other Comprehensive Income (Loss), Net of Tax	(46.0)	0.0	0.0	(46.0)	0.0
Chane In Equity From Noncontrolling Interest Attributable To Other	$ (0.1)	0.0	0.0	0.0	(0.1)
Common stock, shares issued	87.6
Issued and outstanding – 87.9 shares and 87.6 shares, respectively		87.6
Retained earnings	$ 1,959.3
Total accumulated other comprehensive loss	(366.6)			(366.6)
Noncontrolling interests					2.0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 1,682.3
Common stock, shares issued	87.6
Issued and outstanding – 87.9 shares and 87.6 shares, respectively	$ 87.6	87.6
Retained earnings	2,110.3
Total accumulated other comprehensive loss	(375.5)			(375.5)
Noncontrolling interests	2.5				2.5
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	1,824.9
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	71.4	$ 0.0		0.0
Less: Income attributable to noncontrolling interests					0.1
Net Income (Loss) Attributable to Parent			71.3
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture		0.6
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	9.5	$ 0.6	8.9	0.0	0.0
Repurchase of shares of common stock		(0.4)
Stock Repurchased During Period, Value	(19.9)	$ (0.4)	(19.5)	0.0	0.0
Dividends, Common Stock, Cash	(12.9)	0.0	(12.9)	0.0	0.0
Other Comprehensive Income (Loss), Net of Tax	(1.8)	0.0	0.0	(1.8)	0.0
Chane In Equity From Noncontrolling Interest Attributable To Other	0.1	0.0	0.0	0.0	0.1
Less: Income attributable to noncontrolling interests	(0.3)
Net Income (Loss) Attributable to Parent	138.1
Other Comprehensive Income (Loss), Net of Tax	$ 4.0
Common stock, shares issued	87.8
Issued and outstanding – 87.9 shares and 87.6 shares, respectively		87.8
Retained earnings	$ 2,158.1
Total accumulated other comprehensive loss	(377.3)			(377.3)
Noncontrolling interests					2.7
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	1,871.3
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	67.0	$ 0.0		0.0
Less: Income attributable to noncontrolling interests	(0.2)				(0.2)
Net Income (Loss) Attributable to Parent	66.8		66.8
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture		0.1
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	7.2	$ 0.1	7.1	0.0	0.0
Repurchase of shares of common stock		0.0
Stock Repurchased During Period, Value	(0.1)	$ 0.0	(0.1)	0.0	0.0
Dividends, Common Stock, Cash	(13.1)	0.0	(13.1)	0.0	0.0
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders	(0.7)	0.0	0.0	0.0	(0.7)
Other Comprehensive Income (Loss), Net of Tax	$ 5.8	0.0	$ 0.0	5.8	0.0
Common stock, shares issued	87.9
Issued and outstanding – 87.9 shares and 87.6 shares, respectively	$ 87.9	$ 87.9
Retained earnings	2,218.8
Total accumulated other comprehensive loss	(371.5)			$ (371.5)
Noncontrolling interests	2.2				$ 2.2
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ 1,937.4

CONSOLIDATED CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY CONSOLIDATED CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018
Dividends declared per share	$ 0.147	$ 0.147	$ 0.134	$ 0.134

DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND UPDATES TO SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Description of Business ITT Inc. is a diversified manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and oil and gas markets. Unless the context otherwise indicates, references herein to “ITT,” “the Company,” and such words as “we,” “us,” and “our” include ITT Inc. and its subsidiaries. ITT operates through three segments: Motion Technologies, consisting of friction and shock and vibration equipment; Industrial Process, consisting of industrial flow equipment and services; and Connect & Control Technologies, consisting of electronic connectors, fluid handling, motion control and noise and energy absorption products. Financial information for our segments is presented in Note 3, Segment Information. Basis of Presentation The unaudited consolidated condensed financial statements have been prepared pursuant to the rules and regulations of the SEC and, in the opinion of management, reflect all known adjustments (which consist primarily of normal, recurring accruals, estimates and assumptions) necessary to present fairly the financial position, results of operations, and cash flows for the periods presented. The Consolidated Condensed Balance Sheet as of December 31, 2018, presented herein, has been derived from our audited balance sheet included in our Annual Report on Form 10-K (the 2018 Annual Report) for the year ended December 31, 2018 but does not include all disclosures required by GAAP. We consistently applied the accounting policies described in the 2018 Annual Report in preparing these unaudited financial statements, other than those related to new accounting standards adopted during the period. Refer to Note 2, Recent Accounting Pronouncements for further information. These financial statements should be read in conjunction with the financial statements and notes thereto included in our 2018 Annual Report. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Estimates are revised as additional information becomes available. Estimates and assumptions are used for, but not limited to, asbestos-related liabilities and recoveries from insurers, revenue recognition, unrecognized tax benefits, deferred tax valuation allowances, projected benefit obligations for postretirement plans, accounting for business combinations, goodwill and other intangible asset impairment testing, environmental liabilities and assets, allowance for doubtful accounts and inventory valuation. Actual results could differ from these estimates. ITT’s quarterly financial periods end on the Saturday that is closest to the last day of the calendar quarter, except for the last quarterly period of the fiscal year, which ends on December 31st. For ease of presentation, the quarterly financial statements included herein are described as ending on the last day of the calendar quarter. Certain prior year amounts have been reclassified to conform to the current year presentation.

RECENT ACCOUNTING PRONOUNCEMENTS

6 Months Ended

Jun. 30, 2019

Recent Accounting Pronouncements [Abstract]

RECENT ACCOUNTING PRONOUNCEMENTS

The Company considers the applicability and impact of all accounting standard updates (ASUs). ASUs not listed below were assessed and determined to be either not applicable or are expected to have minimal impact on our consolidated financial position or results of operations.

Accounting Pronouncements Recently Adopted

Leases (ASU 2016-02)

In February 2016, the Financial Accounting Standards Board (FASB) issued new guidance which updated the accounting for leases in order to increase transparency and comparability of organizations by requiring balance sheet presentation of leased assets and increased financial statement disclosure of leasing arrangements. The new standard requires entities to recognize a liability for their lease obligations and a corresponding right-of-use asset, initially measured at the present value of the lease payments. Subsequent accounting depends on whether

the agreement is deemed to be a financing or operating lease. For operating leases, a lessee recognizes its total lease expense as an operating expense over the lease term. For financing leases, a lessee recognizes amortization of the right-of-use asset as an operating expense over the lease term separately from interest on the lease liability. The ASU requires that assets and liabilities be presented and disclosed separately and the liabilities must be classified appropriately as current and noncurrent. The ASU further requires additional disclosure of certain qualitative and quantitative information related to lease agreements. The ASU was effective for the Company beginning on January 1, 2019, at which time we adopted the new standard using the modified retrospective approach as of the date of adoption. The Company elected to not reassess certain lease characteristics including whether expired or certain existing contracts contain leases, the lease classification prior to adoption, and initial direct costs. Upon adoption, we recognized a right-of-use asset of $80.0 (net of deferred rent of $3.4 previously included within Accrued liabilities and Other non-current liabilities) and a lease liability of $83.4 related to existing leases of real estate, vehicles, and other equipment that are classified as operating leases, and have terms greater than 12 months. The right-of-use asset is included within Other non-current assets and the lease liabilities are included within Accrued liabilities and Other non-current liabilities on the Consolidated Balance Sheet. A summary of the impact to our Consolidated Balance Sheet on January 1, 2019 is as follows:



	December 31, 2018		Effect of Change		January 1, 2019
Other non-current assets	$	196.8	$	80.0	$	276.8
Accrued liabilities	416.7		18.7		435.4
Other non-current liabilities	166.5		61.3		227.8

Targeted Improvements to Accounting for Hedging Activities (ASU 2017-12)

In August 2017, the FASB issued amended guidance that simplifies the requirements of hedge accounting. The ASU enables companies to more accurately present the economic effects of risk management activities in the financial statements. The guidance requires the presentation of all items that affect earnings in the same income statement line as the hedged item and is effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years with early adoption permitted. The Company adopted the provisions of ASU 2017-12 on January 1, 2019. The adoption did not result in an impact to our financial results since the Company did not have any derivatives outstanding at the time of adoption. As of June 30, 2019, the U.S. dollar equivalent notional value of the Company’s outstanding foreign currency forward contracts designated for hedge accounting was $9.1 and the fair value was nominal.

Reclassification of Certain Tax Effects From Accumulated Other Comprehensive Income (ASU 2018-02)

In February 2018, the FASB issued guidance related to the U.S. Tax Cuts and Jobs Act of 2017 (the Tax Act), which permits an optional reclassification of residual tax effects that are included within accumulated other comprehensive loss, to retained earnings. The reclassification represents the difference between the amount recorded in other comprehensive loss at the historical U.S. federal tax rate at the time the Tax Act became effective, and the amount that would have been recorded at the newly enacted rate. This guidance became effective during the first quarter of 2019, however we did not elect to make the optional reclassification.

Accounting Pronouncements Not Yet Adopted

Measurement of Credit Losses on Financial Instruments (ASU 2016-13)

In June 2016, the FASB issued updated guidance that requires entities to use a current expected credit loss model to measure credit-related impairments for financial instruments held at amortized cost, including trade receivables. The current expected credit loss model is based on relevant information about past events, including historical experience, current conditions and reasonable and supportable forecasts that affect collectability. Current expected credit losses, and subsequent adjustments, represent an estimate of lifetime expected credit losses that are recorded as an allowance deducted from the amortized cost of the financial instrument. The updated guidance also amends the other-than-temporary impairment model for available-for-sale debt securities by requiring the recognition of impairments for credit-related losses through an allowance and eliminating the length of time a security has been in an unrealized loss position as a consideration in the determination of whether a credit loss exists. The updated guidance is effective for the Company beginning on January 1, 2020 and will be adopted using a modified retrospective transition approach for the provisions related to application of the current expected credit loss model to financial instruments and using a prospective transition approach for the provisions related to credit losses on available-for-sale debt securities. The Company is currently evaluating the effect of adoption on our financial statements.

SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

SEGMENT INFORMATION

The Company’s segments are reported on the same basis used by our Chief Executive Officer, who is also our chief operating decision maker, for evaluating performance and for allocating resources. Our three reportable segments are referred to as: Motion Technologies, Industrial Process, and Connect & Control Technologies.

Motion Technologies manufactures brake components and specialized sealing solutions, shock absorbers and damping technologies primarily for the global automotive, truck and trailer, bus and rail transportation markets.

Industrial Process manufactures engineered fluid process equipment serving a diversified mix of customers in global industries such as chemical, oil and gas, mining, and other industrial process markets and is a provider of plant optimization and efficiency solutions and aftermarket services and parts.

Connect & Control Technologies manufactures harsh-environment connector solutions and critical energy absorption and flow control components for the aerospace and defense, general industrial, medical, and oil and gas markets.

Corporate and Other consists of corporate office expenses including compensation, benefits, occupancy, depreciation and other administrative costs, as well as charges related to certain matters, such as asbestos and environmental liabilities, that are managed at a corporate level and are not included in segment results when evaluating performance or allocating resources. Assets of the segments exclude general corporate assets, which principally consist of cash, investments, asbestos-related receivables, environmental-related assets, deferred taxes, and certain property, plant and equipment.



	Revenue						Operating Income						Operating Margin
For the Three Months Ended June 30	2019			2018			2019			2018			2019		2018
Motion Technologies	$	317.7		$	330.3		$	52.0		$	55.5		16.4	%	16.8	%
Industrial Process	232.6			203.2			26.0			23.4			11.2	%	11.5	%
Connect & Control Technologies	170.2			164.1			29.6			27.3			17.4	%	16.6	%
Total segment results	720.5			697.6			107.6			106.2			14.9	%	15.2	%
Asbestos-related costs, net	—			—			(11.8		)	(13.5		)	—		—
Eliminations / Other corporate costs	(0.6		)	(0.8		)	(9.8		)	(12.4		)	—		—
Total Eliminations / Corporate and Other costs	(0.6		)	(0.8		)	(21.6		)	(25.9		)	—		—
Total	$	719.9		$	696.8		$	86.0		$	80.3		11.9	%	11.5	%


	Revenue						Operating Income						Operating Margin
For the Six Months Ended June 30	2019			2018			2019			2018			2019		2018
Motion Technologies	$	632.9		$	672.5		$	112.9		$	117.4		17.8	%	17.5	%
Industrial Process	448.3			393.0			48.2			40.3			10.8	%	10.3	%
Connect & Control Technologies	335.2			322.0			57.0			50.3			17.0	%	15.6	%
Total segment results	1,416.4			1,387.5			218.1			208.0			15.4	%	15.0	%
Asbestos-related (costs) benefit, net	—			—			(24.4		)	6.2			—		—
Eliminations / Corporate and other costs	(1.0		)	(1.4		)	(17.1		)	(23.3		)	—		—
Total Eliminations / Corporate and Other costs	(1.0		)	(1.4		)	(41.5		)	(17.1		)	—		—
Total	$	1,415.4		$	1,386.1		$	176.6		$	190.9		12.5	%	13.8	%



	Total Assets				Capital Expenditures				Depreciation & Amortization
For the Six Months Ended June 30	2019		2018^(a)		2019		2018		2019		2018
Motion Technologies	$	1,215.0	$	1,147.2	$	30.1	$	40.0	$	28.5	$	28.7
Industrial Process	1,137.6		1,000.1		5.6		1.8		12.6		13.7
Connect & Control Technologies	741.4		694.0		8.5		4.3		10.3		10.7
Corporate and Other	947.4		1,005.5		1.6		0.2		1.6		2.1
Total	$	4,041.4	$	3,846.8	$	45.8	$	46.3	$	53.0	$	55.2

(a)

Amounts reflect balances as of December 31, 2018.

REVENUE REVENUE

6 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

REVENUE

The following table represents our revenue disaggregated by end market for the three and six months ended June 30, 2019 and 2018.



For the Three Months Ended June 30, 2019	Motion Technologies			Industrial Process			Connect & Control Technologies			Eliminations				Total
Automotive and rail		$	312.1		$	—		$	—		$	(0.1	)		$	312.0
Chemical and industrial pumps		—			168.7			—			—				168.7
Aerospace and defense		2.8			—			105.3			—				108.1
Oil and gas		—			63.9			10.1			—				74.0
General industrial		2.8			—			54.8			(0.5		)		57.1
Total		$	317.7		$	232.6		$	170.2		$	(0.6	)		$	719.9

For the Six Months Ended June 30, 2019
Automotive and rail		$	622.1		$	—		$	—		$	(0.1	)		$	622.0
Chemical and industrial pumps		—			330.2			—			—				330.2
Aerospace and defense		5.1			—			204.8			—				209.9
Oil and gas		—			118.1			18.6			—				136.7
General industrial		5.7			—			111.8			(0.9		)		116.6
Total		$	632.9		$	448.3		$	335.2		$	(1.0	)		$	1,415.4



For the Three Months Ended June 30, 2018	Motion Technologies			Industrial Process			Connect & Control Technologies			Eliminations				Total
Automotive and rail		$	322.5		$	—		$	—		$	(0.1	)		$	322.4
Chemical and industrial pumps		—			153.2			—			—				153.2
Aerospace and defense		2.7			—			96.1			—				98.8
Oil and gas		—			50.0			10.1			—				60.1
General industrial		5.1			—			57.9			(0.7		)		62.3
Total		$	330.3		$	203.2		$	164.1		$	(0.8	)		$	696.8

For the Six Months Ended June 30, 2018
Automotive and rail		$	661.1		$	—		$	—		$	(0.1	)		$	661.0
Chemical and industrial pumps		—			294.7			—			—				294.7
Aerospace and defense		4.5			—			183.7			—				188.2
Oil and gas		—			98.3			19.1			—				117.4
General industrial		6.9			—			119.2			(1.3		)		124.8
Total		$	672.5		$	393.0		$	322.0		$	(1.4	)		$	1,386.1

Contract Assets and Liabilities

Contract assets consist of unbilled amounts where revenue recognized exceeds customer billings. Contract liabilities consist of advance payments and billings in excess of revenue recognized. The following table represents our net contract assets and liabilities as of June 30, 2019 and December 31, 2018.



	June 30, 2019				December 31, 2018				Change
Current contract assets		$	28.3			$	21.8			29.8	%
Non-current contract assets		—				0.7				(100.0	)%
Current contract liabilities		(55.8		)		(61.0		)		(8.5	)%
Net contract liabilities		$	(27.5	)		$	(38.5	)		(28.6	)%

During the three and six months ended June 30, 2019, we recognized revenue of $10.6 and $32.4, related to contract liabilities as of December 31, 2018.

Remaining Performance Obligations

For contracts greater than one year, the aggregate amount of the transaction price allocated to unsatisfied or partially satisfied performance obligations as of June 30, 2019 was $65.0. Of this amount, we expect to recognize approximately $26 to $31 of revenue during 2019, and the remainder in 2020.

INCOME TAXES

6 Months Ended

Jun. 30, 2019

Income Tax Disclosure [Abstract]

INCOME TAXES



	Three Months								Six Months
For the Periods Ended June 30	2019			2018			Change		2019			2018			Change
Income tax expense	$	19.3		$	8.9		116.9	%	$	39.0		$	16.5		136.4	%
Effective tax rate	22.3		%	11.3		%	1100bp		22.0		%	8.8		%	1320bp

The higher effective tax rate during the second quarter of 2019 was primarily due to an $11.3 reduction of a deferred tax liability in 2018 associated with unremitted foreign earnings. The higher effective tax rate during the year to date period is primarily due to tax benefits of $21.6 in 2018 from German valuation allowance reversals on deferred tax assets and a $4.5 reduction to the provisional one-time tax charge associated with the Tax Act.

The Company operates in various tax jurisdictions and is subject to examination by tax authorities in these jurisdictions. The Company is currently under examination in several jurisdictions including the Czech Republic, Germany, Hong Kong, India, Italy, Japan, Mexico, the U.S. and Venezuela. The estimated tax liability calculation for unrecognized tax benefits considers uncertainties in the application of complex tax laws and regulations in various tax jurisdictions. Due to the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is materially different from the current estimate of the unrecognized tax benefit. Over the next 12 months, the net amount of the tax liability for unrecognized tax benefits in foreign and domestic jurisdictions could change by approximately $14 due to changes in audit status, expiration of statutes of limitations and other events. In addition, the settlement of any future examinations relating to the 2011 and prior tax years could result in changes in amounts attributable to the Company under its Tax Matters Agreement with Exelis Inc. and Xylem Inc. relating to the Company’s 2011 spin-off of those businesses.

EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

EARNINGS PER SHARE

EARNINGS PER SHARE DATA

The following table provides a reconciliation of the data used in the calculation of basic and diluted earnings per share from continuing operations attributable to ITT for the three and six months ended June 30, 2019 and 2018.



	Three Months		Six Months
For the Periods Ended June 30	2019	2018	2019	2018
Basic weighted average common shares outstanding	87.8	87.5	87.7	87.8
Add: Dilutive impact of outstanding equity awards	0.9	0.9	0.9	0.9
Diluted weighted average common shares outstanding	88.7	88.4	88.6	88.7

There were no anti-dilutive shares underlying stock options excluded from the computation of diluted earnings per share for the three and six months ended June 30, 2019 and 2018. During the three and six months ended June 30, 2018, 0.1 of outstanding performance stock awards were excluded from the computation of diluted earnings per share as the necessary performance conditions had not yet been satisfied.

RECEIVABLES, NET

6 Months Ended

Jun. 30, 2019

Receivables [Abstract]

RECEIVABLES, NET



	June 30, 2019				December 31, 2018
Trade accounts receivable		$	585.0			$	531.7
Notes receivable		6.6				3.7
Other		20.5				22.9
Receivables, gross		612.1				558.3
Less: Allowance for doubtful accounts		(12.1		)		(18.3		)
Receivables, net		$	600.0			$	540.0

INVENTORIES, NET

6 Months Ended

Jun. 30, 2019

Inventory Disclosure [Abstract]

INVENTORIES, NET



	June 30, 2019			December 31, 2018
Finished goods		$	68.3		$	64.2
Work in process		103.2			83.1
Raw materials		249.9			233.2
Inventories, net		$	421.4		$	380.5

Inventory related to long-term contracts of $45.7 as of December 31, 2018 has been reclassified to the respective inventory categories to conform with the current year presentation.

OTHER CURRENT AND NON-CURRENT ASSETS

6 Months Ended

Jun. 30, 2019

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

OTHER CURRENT AND NON-CURRENT ASSETS



	June 30, 2019			December 31, 2018
Asbestos-related assets		$	67.1		$	67.1
Advance payments and other prepaid expenses		37.9			44.5
Current contract assets		28.3			21.8
Prepaid income taxes		13.5			19.6
Other		2.3			10.4
Other current assets		$	149.1		$	163.4
Other employee benefit-related assets		$	109.8		$	104.7
Operating lease right-of-use assets (see Note 2)		93.6			—
Capitalized software costs		32.3			35.3
Environmental-related assets		23.6			23.4
Equity method investments		8.8			7.7
Other		27.3			25.7
Other non-current assets		$	295.4		$	196.8

PLANT, PROPERTY AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2019

Property, Plant and Equipment [Abstract]

PLANT, PROPERTY AND EQUIPMENT, NET



	Useful life (in years)	June 30, 2019				December 31, 2018
Machinery and equipment	2 - 10		$	1,096.6			$	1,056.9
Buildings and improvements	5 - 40		284.1				265.3
Furniture, fixtures and office equipment	3 - 7		81.1				69.1
Construction work in progress			65.0				67.9
Land and improvements			29.7				27.8
Other			10.3				10.3
Plant, property and equipment, gross			1,566.8				1,497.3
Less: Accumulated depreciation			(1,032.7		)		(978.5		)
Plant, property and equipment, net			$	534.1			$	518.8

Depreciation expense of $20.5 and $21.0, and $40.7 and $41.7 was recognized in the three and six months ended June 30, 2019 and 2018, respectively.

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Goodwill

The following table provides a rollforward of the carrying amount of goodwill for the six months ended June 30, 2019 by segment.



	Motion Technologies			Industrial Process			Connect & Control Technologies				Total
Goodwill - December 31, 2018		$	294.5		$	315.8		$	265.6		$	875.9
Acquired		—			54.6			—			54.6
Foreign exchange translation		0.1			0.6			(0.2		)	0.5
Goodwill - June 30, 2019		$	294.6		$	371.0		$	265.4		$	931.0

Goodwill acquired is related to our acquisition of Rheinhütte Pumpen Group (Rheinhütte) in the second quarter of 2019, and represents the preliminary calculation of the excess of the purchase price over the net assets acquired, the valuation of which is pending completion. Upon completion of the valuation, goodwill acquired will be adjusted to reflect the final fair value of the net assets acquired. Refer to Note 20, Acquisitions, for additional information.

Other Intangible Assets, Net

Information regarding our other intangible assets is as follows:



	June 30, 2019										December 31, 2018
	Gross Carrying Amount			Accumulated Amortization				Net Intangibles			Gross Carrying Amount			Accumulated Amortization				Net Intangibles
Customer relationships		$	164.2		$	(92.8	)		$	71.4		$	164.1		$	(86.2	)		$	77.9
Proprietary technology		53.6			(27.2		)		26.4			53.7			(25.6		)		28.1
Patents and other		12.8			(9.7		)		3.1			12.3			(9.4		)		2.9
Finite-lived intangible total		230.6			(129.7		)		100.9			230.1			(121.2		)		108.9
Indefinite-lived intangibles		27.2			—				27.2			27.2			—				27.2
Other intangible assets		$	257.8		$	(129.7	)		$	128.1		$	257.3		$	(121.2	)		$	136.1

Amortization expense related to finite-lived intangible assets was $4.0 and $4.3, and $8.0 and $8.9 for the three and six months ended June 30, 2019 and 2018, respectively.

ACCRUED AND OTHER CURRENT LIABILITIES AND OTHER NON-CURRENT LIABILITIES

6 Months Ended

Jun. 30, 2019

Payables and Accruals [Abstract]

ACCRUED AND OTHER CURRENT LIABILITIES AND OTHER NON-CURRENT LIABILITIES

ACCRUED LIABILITIES AND OTHER NON-CURRENT LIABILITIES



	June 30, 2019			December 31, 2018
Compensation and other employee-related benefits		$	136.3		$	152.2
Contract liabilities and other customer-related liabilities		76.6			82.2
Asbestos-related liability		72.6			74.2
Accrued income taxes and other tax-related liabilities		25.7			33.7
Operating lease liabilities (see Note 2)		19.3			—
Accrued warranty costs		16.2			16.2
Environmental liabilities and other legal matters		15.0			24.0
Other		33.9			34.2
Accrued liabilities		$	395.6		$	416.7
Environmental liabilities		$	56.2		$	59.5
Operating lease liabilities (see Note 2)		78.5			—
Compensation and other employee-related benefits		35.1			34.2
Deferred income taxes and other tax-related accruals		23.8			25.0
Other		50.8			47.8
Other non-current liabilities		$	244.4		$	166.5

LEASES Leases (Notes)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Leases Disclosure [Text Block]

LEASES

The Company’s lease portfolio primarily relates to real estate, which may be used for manufacturing or non-manufacturing purposes, and contains lease terms generally ranging between one and 18 years. Our lease portfolio also includes vehicles and other equipment such as forklifts. Substantially all of our leases are classified as operating leases. For leases with terms greater than 12 months, we record a right-of-use asset and lease liability equal to the present value of the lease payments. In determining the discount rate used to measure the right-of-use asset and lease liability, we utilize the Company’s incremental borrowing rate and consider the term of the lease, as well as the geographic location of the leased asset.

Where options to renew a lease are available, they are included in the lease term and capitalized on the balance sheet to the extent there would be a significant economic penalty not to elect the option. Certain real estate leases are subject to periodic changes in an index or market rate. While lease liabilities are not remeasured as a result of changes to an index or rate, these changes are treated as variable lease payments and recognized in the period in which the obligation for those payments is incurred. Variable lease expense also includes property tax and property insurance costs.

For the three and six months ended June 30, 2019, operating lease costs were $6.7 and $12.3, respectively. Short-term lease costs, variable lease costs, and sublease income are not considered material.

Future operating lease payments under non-cancellable operating leases with an initial term in excess of 12 months as of June 30, 2019 are shown below.



2019	$	11.6
2020	19.5
2021	15.3
2022	12.6
2023	10.0
2024 and thereafter	60.7
Total lease payments	129.7
Less: amount of lease payments representing interest	(31.9		)
Present value of future lease payments	$	97.8

Short-term lease liability	$	19.3
Long-term lease liability	78.5
Present value of future lease payments	$	97.8

Future minimum operating lease payments under non-cancellable operating leases with an initial term in excess of 12 months as of December 31, 2018 are shown below.



2019	$	22.2
2020	16.8
2021	12.6
2022	10.2
2023	8.1
2024 and thereafter	46.4
Total minimum lease payments	$	116.3

Our lease portfolio has a weighted average remaining lease term of 13.8 years, and the weighted average discount rate is 3.2%. During the six months ended June 30, 2019, we recognized non-cash right-of-use assets of $22.8 for new leases entered into during the period, primarily related to the lease renewal of a key manufacturing site in our Connect & Control segment. Operating cash outflows from operating leases during the six months ended June 30, 2019 were $10.9.

DEBT Debt (Notes)

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Debt [Text Block]

DEBT



	June 30, 2019			December 31, 2018
Commercial paper		$	148.0		$	114.4
Current maturities of long-term debt and finance leases		1.4			1.8
Commercial paper and current maturities of long-term debt		149.4			116.2
Long-term debt and finance leases		14.3			8.8
Total debt and finance leases		$	163.7		$	125.0

Commercial Paper

Commercial paper outstanding as of June 30, 2019 and December 31, 2018 was issued entirely through the Company’s euro program and had an associated weighted average interest rate of 0.09% and 0.06%, respectively. The outstanding commercial paper for both periods had maturity terms less than three months from the date of issuance.

Refer to the Liquidity section within “Item 2. Management’s Discussion and Analysis,” for additional information on our overall funding and liquidity strategy.

POSTRETIREMENT BENEFIT PLANS

6 Months Ended

Jun. 30, 2019

Retirement Benefits [Abstract]

POSTRETIREMENT BENEFIT PLANS

The following table provides the components of net periodic benefit cost for pension plans and other employee-related benefit plans for the three and six months ended June 30, 2019 and 2018.



	2019												2018
For the Three Months Ended June 30	Pension				Other Benefits				Total				Pension				Other Benefits				Total
Service cost		$	0.3			$	0.1			$	0.4			$	0.4			$	0.2			$	0.6
Interest cost		3.2				1.0				4.2				2.8				1.1				3.9
Expected return on plan assets		(3.4		)		—				(3.4		)		(3.4		)		(0.1		)		(3.5		)
Amortization of prior service cost (benefit)		0.2				(1.3		)		(1.1		)		0.2				(1.3		)		(1.1		)
Amortization of net actuarial loss		1.3				0.5				1.8				1.5				1.1				2.6
Total net periodic benefit cost		$	1.6			$	0.3			$	1.9			$	1.5			$	1.0			$	2.5

	2019												2018
For the Six Months Ended June 30	Pension				Other Benefits				Total				Pension				Other Benefits				Total
Service cost		$	0.7			$	0.3			$	1.0			$	0.8			$	0.4			$	1.2
Interest cost		6.3				2.0				8.3				5.6				2.2				7.8
Expected return on plan assets		(7.2		)		—				(7.2		)		(6.8		)		(0.2		)		(7.0		)
Amortization of prior service cost (benefit)		0.4				(2.6		)		(2.2		)		0.4				(2.6		)		(2.2		)
Amortization of net actuarial loss		2.6				1.1				3.7				3.0				2.2				5.2
Total net periodic benefit cost		$	2.8			$	0.8			$	3.6			$	3.0			$	2.0			$	5.0

We made contributions to our global postretirement plans of $7.1 and $6.8 during the six months ended June 30, 2019 and 2018, respectively. We expect to make contributions of approximately $7 to $9 during the remainder of 2019, principally related to our other employee-related benefit plans.

Amortization from accumulated other comprehensive income into earnings related to prior service cost and net actuarial loss was $0.5 and $1.1, and $1.1 and $2.2, net of tax, during the three and six months ended June 30, 2019 and 2018, respectively. No other reclassifications from accumulated other comprehensive income into earnings were recognized during any of the presented periods.

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION

6 Months Ended

Jun. 30, 2019

Share-based Payment Arrangement [Abstract]

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION

Our long-term incentive plan (LTIP) costs are primarily recorded within general and administrative expenses. The following table provides the components of LTIP costs for the three and six months ended June 30, 2019 and 2018.



	Three Months				Six Months
For the Periods Ended June 30	2019		2018		2019		2018
Equity-based awards	$	3.9	$	5.7	$	8.4	$	10.2
Liability-based awards	0.7		0.7		1.4		0.8
Total share-based compensation expense	$	4.6	$	6.4	$	9.8	$	11.0

At June 30, 2019, there was $24.4 of total unrecognized compensation cost related to non-vested equity awards. This cost is expected to be recognized ratably over a weighted-average period of 2.1 years. Additionally, unrecognized compensation cost related to liability-based awards was $2.5, which is expected to be recognized ratably over a weighted-average period of 1.7 years.

Year-to-Date 2019 LTIP Activity

The majority of our LTIP awards are granted during the first quarter of each year and vest on the completion of a three-year service period. During the six months ended June 30, 2019, we granted the following LTIP awards as provided in the table below:

During the six months ended June 30, 2019 and 2018, 0.3 and 0.2 of non-qualified stock options were exercised resulting in proceeds of $8.3 and $4.7, respectively. During the six months ended June 30, 2019 and 2018, RSUs of 0.2 vested and were issued. During the six months ended June 30, 2019 and 2018, PSUs of 0.2 and 0.1 that vested on December 31, 2018 and 2017, respectively, were issued.

CAPITAL STOCK	6 Months Ended
CAPITAL STOCK	Jun. 30, 2019
Equity [Abstract]
CAPITAL STOCK	CAPITAL STOCK On October 27, 2006, a three-year $1 billion share repurchase program (the Share Repurchase Program) was approved by the Board of Directors. On December 16, 2008, the provisions of the Share Repurchase Program were modified by the Board of Directors to replace the original three-year term with an indefinite term. During the six months ended June 30, 2019 and 2018, we repurchased and retired 0.2 and 1.0 shares of common stock for $10.5 and $50.0, respectively, under this program. To date, the Company has repurchased 22.4 shares for $919.9 under the Share Repurchase Program. Separate from the Share Repurchase Program, the Company repurchased 0.2 and 0.1 shares during the six months ended June 30, 2019 and 2018, respectively, for an aggregate price of $9.5 and $5.4, respectively, in settlement of employee tax withholding obligations due upon the vesting of RSUs and PSUs.

ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated Other Comprehensive Loss (Notes)

6 Months Ended

Jun. 30, 2019

Statement of Other Comprehensive Income [Abstract]

Accumulated Other Comprehensive Loss [Text Block]

ACCUMULATED OTHER COMPREHENSIVE LOSS



	Postretirement Benefit Plans			Cumulative Translation Adjustment			Accumulated Other Comprehensive Loss
December 31, 2018	$	(131.6	)	$	(243.9	)	$	(375.5	)

Net change during period	0.6			(2.4		)	(1.8		)
March 31, 2019	(131.0		)	(246.3		)	(377.3		)

Net change during period	0.5			5.3			5.8
June 30, 2019	$	(130.5	)	$	(241.0	)	$	(371.5	)

	Postretirement Benefit Plans			Cumulative Translation Adjustment			Accumulated Other Comprehensive Loss
December 31, 2017	$	(137.6	)	$	(210.6	)	$	(348.2	)

Net change during period	1.1			26.5			27.6
March 31, 2018	(136.5		)	(184.1		)	(320.6		)

Net change during period	1.1			(47.1		)	(46.0		)
June 30, 2018	$	(135.4	)	$	(231.2	)	$	(366.6	)

COMMITMENTS AND CONTINGENCIES

6 Months Ended

Jun. 30, 2019

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

From time to time, we are involved in legal proceedings that are incidental to the operation of our businesses. Some of these proceedings allege damages relating to asbestos and environmental exposures, intellectual property matters, copyright infringement, personal injury claims, employment and employee benefit matters, government contract issues and commercial or contractual disputes and acquisitions or divestitures. We will continue to defend vigorously against all claims. Although the ultimate outcome of any legal matter cannot be predicted with certainty, based on present information, including our assessment of the merits of the particular claim, as well as our current reserves and insurance coverage, we do not expect that such legal proceedings will have a material adverse impact on our financial statements, unless otherwise noted below.

Asbestos Matters

Subsidiaries of ITT, including ITT LLC and Goulds Pumps LLC, have been sued, along with many other companies in product liability lawsuits alleging personal injury due to asbestos exposure. These claims generally allege that certain products sold by our subsidiaries prior to 1985 contained a part manufactured by a third party (e.g., a gasket) which contained asbestos. To the extent these third-party parts may have contained asbestos, it was encapsulated in the gasket (or other) material and was non-friable. As of June 30, 2019, there were approximately 24 thousand pending 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:



Pending claims – Beginning	24
New claims	2
Settlements	(1	)
Dismissals	(1	)
Pending claims – Ending	24

Frequently, plaintiffs are unable to identify any ITT LLC or Goulds Pumps LLC products as a source of asbestos exposure. Our experience to date is that a majority of resolved claims are dismissed without any payment from ITT subsidiaries. Management believes that a large majority of the pending claims have little or no value. In addition, because claims are sometimes dismissed in large groups, the average cost per resolved claim can fluctuate significantly from period to period. ITT expects more asbestos-related suits will be filed in the future, and ITT will continue to aggressively defend or seek a reasonable resolution, as appropriate.

Asbestos litigation is a unique form of litigation. Frequently, the plaintiff sues a large number of defendants and does not state a specific claim amount. After filing a complaint, the plaintiff engages defendants in settlement negotiations to establish a settlement value based on certain criteria, including the number of defendants in the case. Rarely do the plaintiffs seek to collect all damages from one defendant. Rather, they seek to spread the liability, and thus the payments, among many defendants. As a result of this and other factors, the Company is unable to estimate the maximum potential exposure to pending claims and claims estimated to be filed over the next 10 years.

Estimating our exposure to pending asbestos claims and those that may be filed in the future is subject to significant uncertainty and risk as there are multiple variables that can affect the timing, severity, quality, quantity and resolution of claims. Any predictions with respect to the variables impacting the estimate of the asbestos liability and related asset are subject to even greater uncertainty as the projection period lengthens. In light of the variables and uncertainties inherent in the long-term projection of the Company’s asbestos exposures, while it is probable that the Company will incur additional costs for asbestos claims filed beyond the next 10 years, which additional costs may be material, we do not believe there is a reasonable basis for estimating those costs at this time.

The asbestos liability and related receivables reflect management’s best estimate of future events. However, future events affecting the key factors and other variables for either the asbestos liability or the related receivables could cause actual costs or recoveries to be materially higher or lower than currently estimated. Due to these uncertainties, as well as our inability to reasonably estimate any additional asbestos liability for claims which may be filed beyond the next 10 years, it is difficult to predict the ultimate cost of resolving all pending and unasserted asbestos claims. We believe it is possible that future events affecting the key factors and other variables within the next 10 years, as well as the cost of asbestos claims filed beyond the next 10 years, net of expected recoveries, could have a material adverse effect on our financial statements.

Asbestos-Related Costs, Net

As part of our ongoing review of our net asbestos exposure, each quarter we assess the most recent qualitative and quantitative data available for the key inputs and assumptions, comparing the data to expectations on which the most recent annual liability and asset estimates were calculated. Based on this evaluation, the Company determined that no change in the estimate was warranted for the quarter ended June 30, 2019 other than the incremental accrual to maintain a rolling 10-year forecast period.

The following table provides a rollforward of the estimated asbestos liability and related assets for the six months ended June 30, 2019 and 2018.



	2019									2018
For the Six Months Ended June 30	Liability			Asset			Net			Liability			Asset			Net
Beginning balance	$	849.3		$	376.7		$	472.6		$	877.2		$	368.7		$	508.5
Asbestos provision^(a)	30.6			6.2			24.4			32.0			6.1			25.9
Insurance settlement agreement	—			—			—			—			32.1			(32.1		)
Net cash activity^(a)	(44.1		)	(28.3		)	(15.8		)	(50.4		)	(19.6		)	(30.8		)
Ending balance	$	835.8		$	354.6		$	481.2		$	858.8		$	387.3		$	471.5
Current portion	$	72.6		$	67.1					$	77.2		$	64.7
Noncurrent portion	$	763.2		$	287.5					$	781.6		$	322.6


(a)	Includes certain administrative costs such as legal-related costs for insurance asset recoveries.

Environmental Matters

In the ordinary course of business, we are subject to federal, state, local, and foreign environmental laws and regulations. We are responsible, or are alleged to be responsible, for ongoing environmental investigation and site remediation. These sites are in various stages of investigation or remediation and in many of these proceedings our liability is considered de minimis. We have received notification from the U.S. Environmental Protection Agency, and from similar state and foreign environmental agencies, that a number of sites formerly or currently owned or operated by ITT, and other properties or water supplies that may be or have been impacted from those operations, contain disposed or recycled materials or wastes and require environmental investigation or remediation. These sites include instances where we have been identified as a potentially responsible party under federal and state environmental laws and regulations.

The following table provides a rollforward of the estimated environmental liability for the six months ended June 30, 2019 and 2018.



For the Six Months Ended June 30	2019			2018
Environmental liability - beginning balance	$	66.8		$	73.9
Change in estimates for pre-existing accruals	0.3			3.3
Accruals added during the period for new matters	—			2.0
Payments ^(a)	(3.6		)	(12.2		)
Foreign currency	—			0.1
Environmental liability - ending balance	$	63.5		$	67.1


(a)	Includes cash payments of $7.9 for the six months ended June 30, 2018 related to the sale of a former operating location.

Environmental-related assets, representing estimated recoveries from insurance providers and other third parties, were $23.6 and $23.3 as of June 30, 2019 and 2018, respectively.

We are currently involved with 30 active environmental investigation and remediation sites. At June 30, 2019, we have estimated the potential high-end liability range of environmental-related matters to be $110.5.

As actual costs incurred at identified sites in future periods may vary from our current estimates given the inherent uncertainties in evaluating environmental exposures, management believes it is possible that the outcome of these uncertainties may have a material adverse effect on our financial statements.

Other Matters

In the second quarter of 2019, the Company settled a civil matter with the U.S. Department of Justice (DOJ) related to an investigation that began in 2015 involving certain connector products manufactured by the Company’s Connect & Control Technologies segment that are purchased or used by the U.S. government. The Company paid $11 to DOJ, acting on behalf of the U.S. government, to settle this matter and avoid the expense and uncertainty of litigation. The Company also received a related insurance recovery of $1.

ACQUISITIONS Acquisitions (Notes)

6 Months Ended

Jun. 30, 2019

Acquisitions [Abstract]

Business Combination Disclosure [Text Block]

ACQUISITIONS

Rheinhütte Pumpen Group (Rheinhütte)

On April 30, 2019, we completed the acquisition of 100% of the privately held stock of Rheinhütte for a purchase price of €81 euros, net of cash acquired. The transaction was funded from the Company’s cash and European commercial paper program. The purchase price is subject to change based on customary net working capital adjustments. Rheinhütte, with 2018 revenue of approximately €61.5 euros and approximately 430 employees, has manufacturing locations in Germany and Brazil. Rheinhütte is a designer and manufacturer of highly engineered pumps suited for harsh and corrosive environments for the industrial market. Rheinhütte is reported within the Industrial Process segment.

The purchase price for Rheinhütte was allocated to net tangible assets acquired and liabilities assumed based on their preliminary fair values as of April 30, 2019, with the excess of the purchase price of $54.6 recorded as goodwill. The primary areas of the purchase price allocation that are not yet finalized relate to the valuation of certain tangible and intangible assets, liabilities, income tax, and residual goodwill. We expect to obtain the information necessary to finalize the fair value of the net assets and liabilities during the measurement period, not to exceed one year from the acquisition date. Changes to the preliminary estimates of the fair value during the measurement period will be recorded as adjustments to those assets and liabilities with a corresponding adjustment to goodwill in the period they occur. The goodwill arising from this acquisition is not expected to be deductible for income tax purposes.

Preliminary Allocation of Purchase Price for Rheinhütte



Cash	$	4.7
Receivables	9.7
Inventory	13.3
Plant, property and equipment	21.5
Goodwill	54.6
Other assets	3.2
Accounts payable and accrued liabilities	(6.7		)
Other liabilities	(5.3		)
Net assets acquired	$	95.0

Pro forma results of operations have not been presented because the acquisition was not deemed material at the acquisition date.

Matrix Composites, Inc. (Matrix)

On July 3, 2019, we completed the acquisition of 100% of the privately held stock of Matrix for a purchase price of $29 funded from the Company’s cash. The purchase price includes an earn-out of $3 and is subject to change based on customary net working capital adjustments. Matrix, a manufacturer of precision composite components within the aerospace and defense market, had 2018 revenue of approximately $12 with growth expected due to a ramp up in production on several next-generation aircraft engine platforms. Matrix has approximately 115 employees and will be reported within the Connect & Control Technologies segment.

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Description of Business	Description of Business ITT Inc. is a diversified manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and oil and gas markets. Unless the context otherwise indicates, references herein to “ITT,” “the Company,” and such words as “we,” “us,” and “our” include ITT Inc. and its subsidiaries. ITT operates through three segments: Motion Technologies, consisting of friction and shock and vibration equipment; Industrial Process, consisting of industrial flow equipment and services; and Connect & Control Technologies, consisting of electronic connectors, fluid handling, motion control and noise and energy absorption products. Financial information for our segments is presented in Note 3, Segment Information.
Basis of Accounting	Basis of Presentation The unaudited consolidated condensed financial statements have been prepared pursuant to the rules and regulations of the SEC and, in the opinion of management, reflect all known adjustments (which consist primarily of normal, recurring accruals, estimates and assumptions) necessary to present fairly the financial position, results of operations, and cash flows for the periods presented. The Consolidated Condensed Balance Sheet as of December 31, 2018, presented herein, has been derived from our audited balance sheet included in our Annual Report on Form 10-K (the 2018 Annual Report) for the year ended December 31, 2018 but does not include all disclosures required by GAAP. We consistently applied the accounting policies described in the 2018 Annual Report in preparing these unaudited financial statements, other than those related to new accounting standards adopted during the period. Refer to Note 2, Recent Accounting Pronouncements for further information. These financial statements should be read in conjunction with the financial statements and notes thereto included in our 2018 Annual Report. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Estimates are revised as additional information becomes available. Estimates and assumptions are used for, but not limited to, asbestos-related liabilities and recoveries from insurers, revenue recognition, unrecognized tax benefits, deferred tax valuation allowances, projected benefit obligations for postretirement plans, accounting for business combinations, goodwill and other intangible asset impairment testing, environmental liabilities and assets, allowance for doubtful accounts and inventory valuation. Actual results could differ from these estimates. ITT’s quarterly financial periods end on the Saturday that is closest to the last day of the calendar quarter, except for the last quarterly period of the fiscal year, which ends on December 31st. For ease of presentation, the quarterly financial statements included herein are described as ending on the last day of the calendar quarter. Certain prior year amounts have been reclassified to conform to the current year presentation.

RECENT ACCOUNTING PRONOUNCEMENTS Recent Accounting Pronouncements (Policies)

6 Months Ended

Jun. 30, 2019

Recent Acconting Pronouncements [Abstract]

Accounting Pronouncements Recently Adopted

Leases (ASU 2016-02)



	December 31, 2018		Effect of Change		January 1, 2019
Other non-current assets	$	196.8	$	80.0	$	276.8
Accrued liabilities	416.7		18.7		435.4
Other non-current liabilities	166.5		61.3		227.8

Targeted Improvements to Accounting for Hedging Activities (ASU 2017-12)

Reclassification of Certain Tax Effects From Accumulated Other Comprehensive Income (ASU 2018-02)

Description of New Accounting Pronouncements Not yet Adopted [Text Block]

Accounting Pronouncements Not Yet Adopted

Measurement of Credit Losses on Financial Instruments (ASU 2016-13)

RECENT ACCOUNTING PRONOUNCEMENTS Recent Accounting Pronouncements (Tables)

6 Months Ended

Jun. 30, 2019

Modified Retrospective Adoption of New Accounting Pronouncements [Member]

New Accounting Pronouncements or Change in Accounting Principle [Line Items]

Adoption of ASU 2016-02, Cumulative Effect Adjustments Due to Open Contracts [Table Text Block]

A summary of the impact to our Consolidated Balance Sheet on January 1, 2019 is as follows:



	December 31, 2018		Effect of Change		January 1, 2019
Other non-current assets	$	196.8	$	80.0	$	276.8
Accrued liabilities	416.7		18.7		435.4
Other non-current liabilities	166.5		61.3		227.8

SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Reconciliation of Revenue from Segments to Consolidated [Table Text Block]



	Revenue						Operating Income						Operating Margin
For the Three Months Ended June 30	2019			2018			2019			2018			2019		2018
Motion Technologies	$	317.7		$	330.3		$	52.0		$	55.5		16.4	%	16.8	%
Industrial Process	232.6			203.2			26.0			23.4			11.2	%	11.5	%
Connect & Control Technologies	170.2			164.1			29.6			27.3			17.4	%	16.6	%
Total segment results	720.5			697.6			107.6			106.2			14.9	%	15.2	%
Asbestos-related costs, net	—			—			(11.8		)	(13.5		)	—		—
Eliminations / Other corporate costs	(0.6		)	(0.8		)	(9.8		)	(12.4		)	—		—
Total Eliminations / Corporate and Other costs	(0.6		)	(0.8		)	(21.6		)	(25.9		)	—		—
Total	$	719.9		$	696.8		$	86.0		$	80.3		11.9	%	11.5	%


	Revenue						Operating Income						Operating Margin
For the Six Months Ended June 30	2019			2018			2019			2018			2019		2018
Motion Technologies	$	632.9		$	672.5		$	112.9		$	117.4		17.8	%	17.5	%
Industrial Process	448.3			393.0			48.2			40.3			10.8	%	10.3	%
Connect & Control Technologies	335.2			322.0			57.0			50.3			17.0	%	15.6	%
Total segment results	1,416.4			1,387.5			218.1			208.0			15.4	%	15.0	%
Asbestos-related (costs) benefit, net	—			—			(24.4		)	6.2			—		—
Eliminations / Corporate and other costs	(1.0		)	(1.4		)	(17.1		)	(23.3		)	—		—
Total Eliminations / Corporate and Other costs	(1.0		)	(1.4		)	(41.5		)	(17.1		)	—		—
Total	$	1,415.4		$	1,386.1		$	176.6		$	190.9		12.5	%	13.8	%

Schedule of Segment Reporting Information, by Segment [Table Text Block]



	Total Assets				Capital Expenditures				Depreciation & Amortization
For the Six Months Ended June 30	2019		2018^(a)		2019		2018		2019		2018
Motion Technologies	$	1,215.0	$	1,147.2	$	30.1	$	40.0	$	28.5	$	28.7
Industrial Process	1,137.6		1,000.1		5.6		1.8		12.6		13.7
Connect & Control Technologies	741.4		694.0		8.5		4.3		10.3		10.7
Corporate and Other	947.4		1,005.5		1.6		0.2		1.6		2.1
Total	$	4,041.4	$	3,846.8	$	45.8	$	46.3	$	53.0	$	55.2

REVENUE Revenue (Tables)

6 Months Ended

Jun. 30, 2019

Jun. 30, 2018

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

The following table represents our revenue disaggregated by end market for the three and six months ended June 30, 2019 and 2018.



For the Three Months Ended June 30, 2019	Motion Technologies			Industrial Process			Connect & Control Technologies			Eliminations				Total
Automotive and rail		$	312.1		$	—		$	—		$	(0.1	)		$	312.0
Chemical and industrial pumps		—			168.7			—			—				168.7
Aerospace and defense		2.8			—			105.3			—				108.1
Oil and gas		—			63.9			10.1			—				74.0
General industrial		2.8			—			54.8			(0.5		)		57.1
Total		$	317.7		$	232.6		$	170.2		$	(0.6	)		$	719.9

For the Six Months Ended June 30, 2019
Automotive and rail		$	622.1		$	—		$	—		$	(0.1	)		$	622.0
Chemical and industrial pumps		—			330.2			—			—				330.2
Aerospace and defense		5.1			—			204.8			—				209.9
Oil and gas		—			118.1			18.6			—				136.7
General industrial		5.7			—			111.8			(0.9		)		116.6
Total		$	632.9		$	448.3		$	335.2		$	(1.0	)		$	1,415.4



For the Three Months Ended June 30, 2018	Motion Technologies			Industrial Process			Connect & Control Technologies			Eliminations				Total
Automotive and rail		$	322.5		$	—		$	—		$	(0.1	)		$	322.4
Chemical and industrial pumps		—			153.2			—			—				153.2
Aerospace and defense		2.7			—			96.1			—				98.8
Oil and gas		—			50.0			10.1			—				60.1
General industrial		5.1			—			57.9			(0.7		)		62.3
Total		$	330.3		$	203.2		$	164.1		$	(0.8	)		$	696.8

For the Six Months Ended June 30, 2018
Automotive and rail		$	661.1		$	—		$	—		$	(0.1	)		$	661.0
Chemical and industrial pumps		—			294.7			—			—				294.7
Aerospace and defense		4.5			—			183.7			—				188.2
Oil and gas		—			98.3			19.1			—				117.4
General industrial		6.9			—			119.2			(1.3		)		124.8
Total		$	672.5		$	393.0		$	322.0		$	(1.4	)		$	1,386.1

Contract with Customer, Asset and Liability [Table Text Block]

The following table represents our net contract assets and liabilities as of June 30, 2019 and December 31, 2018.



	June 30, 2019				December 31, 2018				Change
Current contract assets		$	28.3			$	21.8			29.8	%
Non-current contract assets		—				0.7				(100.0	)%
Current contract liabilities		(55.8		)		(61.0		)		(8.5	)%
Net contract liabilities		$	(27.5	)		$	(38.5	)		(28.6	)%

INCOME TAXES Income Tax Expense (Tables)

6 Months Ended

Jun. 30, 2019

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]



	Three Months								Six Months
For the Periods Ended June 30	2019			2018			Change		2019			2018			Change
Income tax expense	$	19.3		$	8.9		116.9	%	$	39.0		$	16.5		136.4	%
Effective tax rate	22.3		%	11.3		%	1100bp		22.0		%	8.8		%	1320bp

EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Basic and Diluted Loss Per Share



	Three Months		Six Months
For the Periods Ended June 30	2019	2018	2019	2018
Basic weighted average common shares outstanding	87.8	87.5	87.7	87.8
Add: Dilutive impact of outstanding equity awards	0.9	0.9	0.9	0.9
Diluted weighted average common shares outstanding	88.7	88.4	88.6	88.7

RECEIVABLES, NET (Tables)

6 Months Ended

Jun. 30, 2019

Receivables [Abstract]

RECEIVABLES, NET



	June 30, 2019				December 31, 2018
Trade accounts receivable		$	585.0			$	531.7
Notes receivable		6.6				3.7
Other		20.5				22.9
Receivables, gross		612.1				558.3
Less: Allowance for doubtful accounts		(12.1		)		(18.3		)
Receivables, net		$	600.0			$	540.0

INVENTORIES, NET (Tables)

6 Months Ended

Jun. 30, 2019

Inventory Disclosure [Abstract]

Inventories, Net



	June 30, 2019			December 31, 2018
Finished goods		$	68.3		$	64.2
Work in process		103.2			83.1
Raw materials		249.9			233.2
Inventories, net		$	421.4		$	380.5

OTHER CURRENT AND NON-CURRENT ASSETS (Tables)

6 Months Ended

Jun. 30, 2019

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Current and Non Current Assets



	June 30, 2019			December 31, 2018
Asbestos-related assets		$	67.1		$	67.1
Advance payments and other prepaid expenses		37.9			44.5
Current contract assets		28.3			21.8
Prepaid income taxes		13.5			19.6
Other		2.3			10.4
Other current assets		$	149.1		$	163.4
Other employee benefit-related assets		$	109.8		$	104.7
Operating lease right-of-use assets (see Note 2)		93.6			—
Capitalized software costs		32.3			35.3
Environmental-related assets		23.6			23.4
Equity method investments		8.8			7.7
Other		27.3			25.7
Other non-current assets		$	295.4		$	196.8

PLANT, PROPERTY AND EQUIPMENT, NET (Tables)

6 Months Ended

Jun. 30, 2019

Property, Plant and Equipment [Abstract]

Plant, Property and Equipment, Net



	Useful life (in years)	June 30, 2019				December 31, 2018
Machinery and equipment	2 - 10		$	1,096.6			$	1,056.9
Buildings and improvements	5 - 40		284.1				265.3
Furniture, fixtures and office equipment	3 - 7		81.1				69.1
Construction work in progress			65.0				67.9
Land and improvements			29.7				27.8
Other			10.3				10.3
Plant, property and equipment, gross			1,566.8				1,497.3
Less: Accumulated depreciation			(1,032.7		)		(978.5		)
Plant, property and equipment, net			$	534.1			$	518.8

GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables)

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the Carrying Amount of Goodwill

Goodwill

The following table provides a rollforward of the carrying amount of goodwill for the six months ended June 30, 2019 by segment.



	Motion Technologies			Industrial Process			Connect & Control Technologies				Total
Goodwill - December 31, 2018		$	294.5		$	315.8		$	265.6		$	875.9
Acquired		—			54.6			—			54.6
Foreign exchange translation		0.1			0.6			(0.2		)	0.5
Goodwill - June 30, 2019		$	294.6		$	371.0		$	265.4		$	931.0

Other Intangible Assets

Other Intangible Assets, Net

Information regarding our other intangible assets is as follows:



	June 30, 2019										December 31, 2018
	Gross Carrying Amount			Accumulated Amortization				Net Intangibles			Gross Carrying Amount			Accumulated Amortization				Net Intangibles
Customer relationships		$	164.2		$	(92.8	)		$	71.4		$	164.1		$	(86.2	)		$	77.9
Proprietary technology		53.6			(27.2		)		26.4			53.7			(25.6		)		28.1
Patents and other		12.8			(9.7		)		3.1			12.3			(9.4		)		2.9
Finite-lived intangible total		230.6			(129.7		)		100.9			230.1			(121.2		)		108.9
Indefinite-lived intangibles		27.2			—				27.2			27.2			—				27.2
Other intangible assets		$	257.8		$	(129.7	)		$	128.1		$	257.3		$	(121.2	)		$	136.1

ACCRUED AND OTHER CURRENT LIABILITIES AND OTHER NON-CURRENT LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2019

Payables and Accruals [Abstract]

Accrued Liabilities and Other Non-Current Liabilities



	June 30, 2019			December 31, 2018
Compensation and other employee-related benefits		$	136.3		$	152.2
Contract liabilities and other customer-related liabilities		76.6			82.2
Asbestos-related liability		72.6			74.2
Accrued income taxes and other tax-related liabilities		25.7			33.7
Operating lease liabilities (see Note 2)		19.3			—
Accrued warranty costs		16.2			16.2
Environmental liabilities and other legal matters		15.0			24.0
Other		33.9			34.2
Accrued liabilities		$	395.6		$	416.7
Environmental liabilities		$	56.2		$	59.5
Operating lease liabilities (see Note 2)		78.5			—
Compensation and other employee-related benefits		35.1			34.2
Deferred income taxes and other tax-related accruals		23.8			25.0
Other		50.8			47.8
Other non-current liabilities		$	244.4		$	166.5

LEASES Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

Future operating lease payments under non-cancellable operating leases with an initial term in excess of 12 months as of June 30, 2019 are shown below.



2019	$	11.6
2020	19.5
2021	15.3
2022	12.6
2023	10.0
2024 and thereafter	60.7
Total lease payments	129.7
Less: amount of lease payments representing interest	(31.9		)
Present value of future lease payments	$	97.8

Short-term lease liability	$	19.3
Long-term lease liability	78.5
Present value of future lease payments	$	97.8

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

Future minimum operating lease payments under non-cancellable operating leases with an initial term in excess of 12 months as of December 31, 2018 are shown below.



2019	$	22.2
2020	16.8
2021	12.6
2022	10.2
2023	8.1
2024 and thereafter	46.4
Total minimum lease payments	$	116.3

DEBT Debt (Tables)

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]



	June 30, 2019			December 31, 2018
Commercial paper		$	148.0		$	114.4
Current maturities of long-term debt and finance leases		1.4			1.8
Commercial paper and current maturities of long-term debt		149.4			116.2
Long-term debt and finance leases		14.3			8.8
Total debt and finance leases		$	163.7		$	125.0

POSTRETIREMENT BENEFIT PLANS (Tables)

6 Months Ended

Jun. 30, 2019

Retirement Benefits [Abstract]

Net Periodic Benefit Cost of Pension Plans and Other Employee Related Benefit Plans

The following table provides the components of net periodic benefit cost for pension plans and other employee-related benefit plans for the three and six months ended June 30, 2019 and 2018.



	2019												2018
For the Three Months Ended June 30	Pension				Other Benefits				Total				Pension				Other Benefits				Total
Service cost		$	0.3			$	0.1			$	0.4			$	0.4			$	0.2			$	0.6
Interest cost		3.2				1.0				4.2				2.8				1.1				3.9
Expected return on plan assets		(3.4		)		—				(3.4		)		(3.4		)		(0.1		)		(3.5		)
Amortization of prior service cost (benefit)		0.2				(1.3		)		(1.1		)		0.2				(1.3		)		(1.1		)
Amortization of net actuarial loss		1.3				0.5				1.8				1.5				1.1				2.6
Total net periodic benefit cost		$	1.6			$	0.3			$	1.9			$	1.5			$	1.0			$	2.5

	2019												2018
For the Six Months Ended June 30	Pension				Other Benefits				Total				Pension				Other Benefits				Total
Service cost		$	0.7			$	0.3			$	1.0			$	0.8			$	0.4			$	1.2
Interest cost		6.3				2.0				8.3				5.6				2.2				7.8
Expected return on plan assets		(7.2		)		—				(7.2		)		(6.8		)		(0.2		)		(7.0		)
Amortization of prior service cost (benefit)		0.4				(2.6		)		(2.2		)		0.4				(2.6		)		(2.2		)
Amortization of net actuarial loss		2.6				1.1				3.7				3.0				2.2				5.2
Total net periodic benefit cost		$	2.8			$	0.8			$	3.6			$	3.0			$	2.0			$	5.0

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2019

Share-based Payment Arrangement [Abstract]

Long-Term Incentive Employee Compensation Costs

The following table provides the components of LTIP costs for the three and six months ended June 30, 2019 and 2018.



	Three Months				Six Months
For the Periods Ended June 30	2019		2018		2019		2018
Equity-based awards	$	3.9	$	5.7	$	8.4	$	10.2
Liability-based awards	0.7		0.7		1.4		0.8
Total share-based compensation expense	$	4.6	$	6.4	$	9.8	$	11.0

Summary of Long-Term Incentive Plan Award Grants during year

During the six months ended June 30, 2019, we granted the following LTIP awards as provided in the table below:

ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 30, 2019

Statement of Other Comprehensive Income [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]



	Postretirement Benefit Plans			Cumulative Translation Adjustment			Accumulated Other Comprehensive Loss
December 31, 2018	$	(131.6	)	$	(243.9	)	$	(375.5	)

Net change during period	0.6			(2.4		)	(1.8		)
March 31, 2019	(131.0		)	(246.3		)	(377.3		)

Net change during period	0.5			5.3			5.8
June 30, 2019	$	(130.5	)	$	(241.0	)	$	(371.5	)

	Postretirement Benefit Plans			Cumulative Translation Adjustment			Accumulated Other Comprehensive Loss
December 31, 2017	$	(137.6	)	$	(210.6	)	$	(348.2	)

Net change during period	1.1			26.5			27.6
March 31, 2018	(136.5		)	(184.1		)	(320.6		)

Net change during period	1.1			(47.1		)	(46.0		)
June 30, 2018	$	(135.4	)	$	(231.2	)	$	(366.6	)

COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Jun. 30, 2019

Commitments and Contingencies Disclosure [Abstract]

Product Liability Contingencies [Table Text Block]

As of June 30, 2019, there were approximately 24 thousand pending 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:



Pending claims – Beginning	24
New claims	2
Settlements	(1	)
Dismissals	(1	)
Pending claims – Ending	24

Roll Forward of Asbestos Liability and Related Assets

he following table provides a rollforward of the estimated asbestos liability and related assets for the six months ended June 30, 2019 and 2018.



	2019									2018
For the Six Months Ended June 30	Liability			Asset			Net			Liability			Asset			Net
Beginning balance	$	849.3		$	376.7		$	472.6		$	877.2		$	368.7		$	508.5
Asbestos provision^(a)	30.6			6.2			24.4			32.0			6.1			25.9
Insurance settlement agreement	—			—			—			—			32.1			(32.1		)
Net cash activity^(a)	(44.1		)	(28.3		)	(15.8		)	(50.4		)	(19.6		)	(30.8		)
Ending balance	$	835.8		$	354.6		$	481.2		$	858.8		$	387.3		$	471.5
Current portion	$	72.6		$	67.1					$	77.2		$	64.7
Noncurrent portion	$	763.2		$	287.5					$	781.6		$	322.6


(a)	Includes certain administrative costs such as legal-related costs for insurance asset recoveries.

Rollforward of Environmental Liability and Related Assets

The following table provides a rollforward of the estimated environmental liability for the six months ended June 30, 2019 and 2018.



For the Six Months Ended June 30	2019			2018
Environmental liability - beginning balance	$	66.8		$	73.9
Change in estimates for pre-existing accruals	0.3			3.3
Accruals added during the period for new matters	—			2.0
Payments ^(a)	(3.6		)	(12.2		)
Foreign currency	—			0.1
Environmental liability - ending balance	$	63.5		$	67.1

(a)

Includes cash payments of $7.9 for the six months ended June 30, 2018 related to the sale of a former operating location.

- Definition

Tabular disclosure of the loss contingencies that were reported in the period or disclosed as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
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-URI http://asc.fasb.org/extlink&oid=118942415&loc=d3e14472-108349

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
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-URI http://asc.fasb.org/extlink&oid=118942415&loc=d3e14326-108349

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
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-URI http://asc.fasb.org/extlink&oid=118942415&loc=d3e14453-108349

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=118942415&loc=d3e14615-108349

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=118943654&loc=d3e12021-110248

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
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-URI http://asc.fasb.org/extlink&oid=118942415&loc=d3e14394-108349

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
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-URI http://asc.fasb.org/extlink&oid=118942415&loc=d3e14435-108349

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
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-URI http://asc.fasb.org/extlink&oid=118942415&loc=d3e14557-108349

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=118943654&loc=d3e12053-110248

+ Details

RECENT ACCOUNTING PRONOUNCEMENTS Adoption of ASU 2016-02: Opening Balance Sheet Cumulative Effect Adjustments (Details) - Accounting Standards Update 2016-02 [Member] - USD ($) $ in Millions	Jan. 01, 2019	Dec. 31, 2018
Other Noncurrent Assets [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance as of December 31, 2017 - Prior to Adoption of ASU 2014-09		$ 196.8
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	$ 80.0
Balance as of January 1, 2018 - Subsequent to Adoption of ASU 2014-09	276.8
Accrued Liabilities [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance as of December 31, 2017 - Prior to Adoption of ASU 2014-09		(416.7)
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	(18.7)
Balance as of January 1, 2018 - Subsequent to Adoption of ASU 2014-09	(435.4)
Other Noncurrent Liabilities [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance as of December 31, 2017 - Prior to Adoption of ASU 2014-09		$ (166.5)
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	(61.3)
Balance as of January 1, 2018 - Subsequent to Adoption of ASU 2014-09	$ (227.8)

RECENT ACCOUNTING PRONOUNCEMENTS Adoption of ASU 2016-02: Textuals (Details) $ in Millions	Jan. 01, 2019 USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right of Use Asset	$ 80.0
Deferred Rent Credit	3.4
Operating and Finance Lease Liability	$ 83.4

RECENT ACCOUNTING PRONOUNCEMENTS Adoption of 2017-12: Textuals (Details) $ in Millions	Jun. 30, 2019 USD ($)
Foreign Exchange Forward [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Derivative, Notional Amount	$ 9.1

SEGMENT INFORMATION - Schedule of Segment Reporting Information by Segment Revenue (Detail) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019 USD ($)	Jun. 30, 2018 USD ($)	Jun. 30, 2019 USD ($) Segment	Jun. 30, 2018 USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments \| Segment			3
Revenue	$ 719.9	$ 696.8	$ 1,415.4	$ 1,386.1
Operating income	$ 86.0	$ 80.3	$ 176.6	$ 190.9
Operating Margin	11.90%	11.50%	12.50%	13.80%
Total Segment Results [Member]
Segment Reporting Information [Line Items]
Revenue	$ 720.5	$ 697.6	$ 1,416.4	$ 1,387.5
Operating income	$ 107.6	$ 106.2	$ 218.1	$ 208.0
Operating Margin	14.90%	15.20%	15.40%	15.00%
Motion Technologies [Member]
Segment Reporting Information [Line Items]
Revenue	$ 317.7	$ 330.3	$ 632.9	$ 672.5
Operating income	$ 52.0	$ 55.5	$ 112.9	$ 117.4
Operating Margin	16.40%	16.80%	17.80%	17.50%
Industrial Process [Member]
Segment Reporting Information [Line Items]
Revenue	$ 232.6	$ 203.2	$ 448.3	$ 393.0
Operating income	$ 26.0	$ 23.4	$ 48.2	$ 40.3
Operating Margin	11.20%	11.50%	10.80%	10.30%
Connect & Control Technologies [Member]
Segment Reporting Information [Line Items]
Revenue	$ 170.2	$ 164.1	$ 335.2	$ 322.0
Operating income	$ 29.6	$ 27.3	$ 57.0	$ 50.3
Operating Margin	17.40%	16.60%	17.00%	15.60%
Total Eliminations / Corporate and Other costs
Segment Reporting Information [Line Items]
Revenue	$ (0.6)	$ (0.8)	$ (1.0)	$ (1.4)
Operating income	$ (21.6)	$ (25.9)	$ (41.5)	$ (17.1)
Operating Margin	0.00%	0.00%	0.00%	0.00%
Asbestos-related (costs) benefit, net
Segment Reporting Information [Line Items]
Revenue	$ 0.0	$ 0.0	$ 0.0	$ 0.0
Operating income	$ (11.8)	$ (13.5)	$ (24.4)	$ 6.2
Operating Margin	0.00%	0.00%	0.00%	0.00%
Eliminations / Corporate and other costs
Segment Reporting Information [Line Items]
Revenue	$ (0.6)	$ (0.8)	$ (1.0)	$ (1.4)
Operating income	$ (9.8)	$ (12.4)	$ (17.1)	$ (23.3)
Operating Margin	0.00%	0.00%	0.00%	0.00%

SEGMENT INFORMATION - Schedule of Segment Reporting Information by Segment Assets (Detail) - USD ($)
$ in Millions

6 Months Ended

Jun. 30, 2019

Jun. 30, 2018

Dec. 31, 2018

^[1]

Segment Reporting Information [Line Items]

Total Assets

$ 4,041.4

$ 3,846.8

Capital Expenditures

45.8

$ 46.3

Depreciation & Amortization

53.0

55.2

Motion Technologies [Member]

Segment Reporting Information [Line Items]

Total Assets

1,215.0

1,147.2

Capital Expenditures

30.1

40.0

Depreciation & Amortization

28.5

28.7

Industrial Process [Member]

Segment Reporting Information [Line Items]

Total Assets

1,137.6

1,000.1

Capital Expenditures

5.6

1.8

Depreciation & Amortization

12.6

13.7

Connect & Control Technologies [Member]

Segment Reporting Information [Line Items]

Total Assets

741.4

694.0

Capital Expenditures

8.5

4.3

Depreciation & Amortization

10.3

10.7

Corporate and Other [Member]

Segment Reporting Information [Line Items]

Total Assets

947.4

$ 1,005.5

Capital Expenditures

1.6

0.2

Depreciation & Amortization

$ 1.6

$ 2.1

[1]	Amounts reflect balances as of December 31, 2018.

REVENUE Revenue (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
REVENUE Revenue (Details) - USD ($) $ in Millions	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Revenue	$ 719.9	$ 696.8	$ 1,415.4	$ 1,386.1
Automotive and rail [Member]
Disaggregation of Revenue [Line Items]
Revenue	312.0	322.4	622.0	661.0
Chemical and industrial pumps [Member]
Disaggregation of Revenue [Line Items]
Revenue	168.7	153.2	330.2	294.7
Aerospace and defense [Member]
Disaggregation of Revenue [Line Items]
Revenue	108.1	98.8	209.9	188.2
Oil and Gas [Member]
Disaggregation of Revenue [Line Items]
Revenue	74.0	60.1	136.7	117.4
General industrial [Member]
Disaggregation of Revenue [Line Items]
Revenue	57.1	62.3	116.6	124.8
Motion Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue	232.6	203.2	632.9	672.5
Motion Technologies [Member] \| Automotive and rail [Member]
Disaggregation of Revenue [Line Items]
Revenue	312.1	322.5	622.1	661.1
Motion Technologies [Member] \| Chemical and industrial pumps [Member]
Disaggregation of Revenue [Line Items]
Revenue	0.0	0.0	0.0	0.0
Motion Technologies [Member] \| Aerospace and defense [Member]
Disaggregation of Revenue [Line Items]
Revenue	0.0	0.0	5.1	4.5
Motion Technologies [Member] \| Oil and Gas [Member]
Disaggregation of Revenue [Line Items]
Revenue	0.0	0.0	0.0	0.0
Motion Technologies [Member] \| General industrial [Member]
Disaggregation of Revenue [Line Items]
Revenue	2.8	5.1	5.7	6.9
Industrial Process [Member]
Disaggregation of Revenue [Line Items]
Revenue	317.7	330.3	448.3	393.0
Industrial Process [Member] \| Automotive and rail [Member]
Disaggregation of Revenue [Line Items]
Revenue	0.0	0.0	0.0	0.0
Industrial Process [Member] \| Chemical and industrial pumps [Member]
Disaggregation of Revenue [Line Items]
Revenue	168.7	153.2	330.2	294.7
Industrial Process [Member] \| Aerospace and defense [Member]
Disaggregation of Revenue [Line Items]
Revenue	2.8	2.7	0.0	0.0
Industrial Process [Member] \| Oil and Gas [Member]
Disaggregation of Revenue [Line Items]
Revenue	63.9	50.0	118.1	98.3
Industrial Process [Member] \| General industrial [Member]
Disaggregation of Revenue [Line Items]
Revenue	0.0	0.0	0.0	0.0
Connect & Control Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue	170.2	164.1	335.2	322.0
Connect & Control Technologies [Member] \| Automotive and rail [Member]
Disaggregation of Revenue [Line Items]
Revenue	0.0	0.0	0.0	0.0
Connect & Control Technologies [Member] \| Chemical and industrial pumps [Member]
Disaggregation of Revenue [Line Items]
Revenue	0.0	0.0	0.0	0.0
Connect & Control Technologies [Member] \| Aerospace and defense [Member]
Disaggregation of Revenue [Line Items]
Revenue	105.3	96.1	204.8	183.7
Connect & Control Technologies [Member] \| Oil and Gas [Member]
Disaggregation of Revenue [Line Items]
Revenue	10.1	10.1	18.6	19.1
Connect & Control Technologies [Member] \| General industrial [Member]
Disaggregation of Revenue [Line Items]
Revenue	54.8	57.9	111.8	119.2
Consolidation, Eliminations [Member]
Disaggregation of Revenue [Line Items]
Revenue	(0.6)	(0.8)	(1.0)	(1.4)
Consolidation, Eliminations [Member] \| Automotive and rail [Member]
Disaggregation of Revenue [Line Items]
Revenue	(0.1)	(0.1)	(0.1)	(0.1)
Consolidation, Eliminations [Member] \| Chemical and industrial pumps [Member]
Disaggregation of Revenue [Line Items]
Revenue	0.0	0.0	0.0	0.0
Consolidation, Eliminations [Member] \| Aerospace and defense [Member]
Disaggregation of Revenue [Line Items]
Revenue	0.0	0.0	0.0	0.0
Consolidation, Eliminations [Member] \| Oil and Gas [Member]
Disaggregation of Revenue [Line Items]
Revenue	0.0	0.0	0.0	0.0
Consolidation, Eliminations [Member] \| General industrial [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ (0.5)	$ (0.7)	$ (0.9)	$ (1.3)

REVENUE Contract Assets and Liabilities (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Contract with Customer, Asset and Liability [Abstract]
Current contract assets	$ 28.3	$ 21.8
Current Contract Assets, Percentage Change from Prior Period	29.80%
Contract with Customer, Asset, Net, Noncurrent	$ 0.0	0.7
Noncurrent Contract Assets, Percentage Change from Prior Period	(100.00%)
Contract with Customer, Liability	$ (55.8)	(61.0)
Current Contract Liabilities, Percentage Change from Prior Period	(8.50%)
Net Contract Liabilities	$ 27.5	$ 38.5
Net Contract Liability, Percentage Change from Prior Period	(28.60%)

REVENUE Revenue Textuals (Details) $ in Millions	3 Months Ended	6 Months Ended
REVENUE Revenue Textuals (Details) $ in Millions	Jun. 30, 2019 USD ($)	Jun. 30, 2019 USD ($)
Contract with Customer, Liability, Revenue Recognized	$ 10.6	$ 32.4
Long-term Contract with Customer [Member]
Revenue, Remaining Performance Obligation, Amount	65.0	65.0
Long-term Contract with Customer [Member] \| Minimum [Member]
Revenue, Remaining Performance Obligation, Amount	26.0	26.0
Long-term Contract with Customer [Member] \| Maximum [Member]
Revenue, Remaining Performance Obligation, Amount	$ 31.0	$ 31.0

INCOME TAXES Income Tax Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income tax expense	$ 19.3	$ 8.9	$ 39.0	$ 16.5
Income Tax Expense, Increase from Prior Year, Percent Change	116.90%		136.40%
Effective income tax rate	22.30%	11.30%	22.00%	8.80%
Effective Tax Rate, Increase from Prior Year, Basis Point Change	1,100		1,320

INCOME TAXES - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2019
Tax Expense (Benefit) for Change in Deferred Tax Liability for Unremitted Foreign Earnings	$ 11.3
Change to Provisional One-Time US Tax Expense on Post 1986 Foreign Earnings	4.5
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit		$ 14.0
German Deferred Tax Assets [Member]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 21.6

EARNINGS PER SHARE DATA - Basic and Diluted Loss Per Share (Detail) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Abstract]
Weighted average common shares – basic	87.8	87.5	87.7	87.8
Add: Dilutive impact of outstanding equity awards	0.9	0.9	0.9	0.9
Diluted weighted average common shares outstanding	88.7	88.4	88.6	88.7

EARNINGS PER SHARE DATA - Number of Shares Underlying Stock Options Excluded from the Computation of Diluted Earnings (Loss) (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	0	0
Number of PSU Awards Excluded from Diluted Shares Outstanding		100,000		100,000

RECEIVABLES, NET - (Detail) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade accounts receivable	$ 585.0	$ 531.7
Notes receivable	6.6	3.7
Other	20.5	22.9
Receivables, gross	612.1	558.3
Less: Allowance for doubtful accounts	(12.1)	(18.3)
Receivables, net	$ 600.0	$ 540.0

INVENTORIES, NET - Components of Inventories, Net (Detail) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Finished goods	$ 68.3	$ 64.2
Work in process	103.2	83.1
Raw materials	249.9	233.2
Inventories, net	$ 421.4	$ 380.5

INVENTORIES, NET Inventory Textuals (Details)	Dec. 31, 2018 USD ($)
Inventory [Line Items]
Inventory for Long-term Contracts or Programs, Gross	$ 45.7

OTHER CURRENT AND NON-CURRENT ASSETS - Components of Other Current and Non-Current Assets (Detail) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Asbestos-related assets	$ 67.1	$ 67.1	$ 64.7
Advance payments and other prepaid expenses	37.9	44.5
Current contract assets	28.3	21.8
Prepaid income taxes	13.5	19.6
Other	2.3	10.4
Other current assets	149.1	163.4
Other employee benefit-related assets	109.8	104.7
Operating lease right-of-use assets (see Note 2)	93.6	0.0
Capitalized software costs	32.3	35.3
Environmental-related assets	23.6	23.4	$ 23.3
Equity method investments	8.8	7.7
Other	27.3	25.7
Other non-current assets	$ 295.4	$ 196.8

PLANT, PROPERTY AND EQUIPMENT, NET - Components of Plant, Property and Equipment, Net (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Machinery and equipment	$ 1,096.6	$ 1,056.9
Buildings and improvements	284.1	265.3
Furniture, fixtures and office equipment	81.1	69.1
Construction work in progress	65.0	67.9
Land and improvements	29.7	27.8
Other	10.3	10.3
Plant, property and equipment, gross	1,566.8	1,497.3
Less: Accumulated depreciation	(1,032.7)	(978.5)
Plant, property and equipment, net	$ 534.1	$ 518.8
Machinery and Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	2 years
Machinery and Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Building and Building Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Building and Building Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Furniture and Fixtures [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Furniture and Fixtures [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	7 years

PLANT, PROPERTY AND EQUIPMENT, NET - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 20.5	$ 21.0	$ 40.7	$ 41.7

GOODWILL AND OTHER INTANGIBLE ASSETS, NET - Changes in the Carrying Amount of Goodwill (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2019 USD ($)
Goodwill [Roll Forward]
Goodwill - Beginning Balance	$ 875.9
Goodwill, Acquired During Period	54.6
Foreign exchange translation	0.5
Goodwill - Ending Balance	931.0
Industrial Process [Member]
Goodwill [Roll Forward]
Goodwill - Beginning Balance	315.8
Goodwill, Acquired During Period	54.6
Foreign exchange translation	0.6
Goodwill - Ending Balance	371.0
Motion Technologies [Member]
Goodwill [Roll Forward]
Goodwill - Beginning Balance	294.5
Goodwill, Acquired During Period	0.0
Foreign exchange translation	0.1
Goodwill - Ending Balance	294.6
Connect & Control Technologies [Member]
Goodwill [Roll Forward]
Goodwill - Beginning Balance	265.6
Goodwill, Acquired During Period	0.0
Foreign exchange translation	(0.2)
Goodwill - Ending Balance	$ 265.4

GOODWILL AND OTHER INTANGIBLE ASSETS, NET Other Intangible Assets (Detail) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 230.6	$ 230.1
Indefinite-lived intangible assets, Gross/Net Carrying Amount	27.2	27.2
Other Intangible Assets, Gross Carrying Amount	257.8	257.3
Accumulated Amortization	(129.7)	(121.2)
Finite-live intangible asset, net of accumulated amortization	100.9	108.9
Other intangible assets, net	128.1	136.1
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Customer Relationships, Gross Carrying Amount	164.2	164.1
Accumulated Amortization	(92.8)	(86.2)
Finite-live intangible asset, net of accumulated amortization	71.4	77.9
Proprietary Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Proprietary Technology, Gross Carrying Amount	53.6	53.7
Accumulated Amortization	(27.2)	(25.6)
Finite-live intangible asset, net of accumulated amortization	26.4	28.1
Patents and other [Member]
Finite-Lived Intangible Assets [Line Items]
Patents and Other, Gross Carrying Amount	12.8	12.3
Accumulated Amortization	(9.7)	(9.4)
Finite-live intangible asset, net of accumulated amortization	$ 3.1	$ 2.9

GOODWILL AND OTHER INTANGIBLE ASSETS, NET Intangibles Textuals (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Amortization of Intangible Assets	$ 4.0	$ 4.3	$ 8.0	$ 8.9

ACCRUED AND OTHER CURRENT LIABILITIES AND OTHER NON-CURRENT LIABILITIES - (Detail) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Payables and Accruals [Abstract]
Compensation and other employee-related benefits	$ 136.3	$ 152.2
Contract liabilities and other customer-related liabilities	76.6	82.2
Asbestos-related liability	72.6	74.2	$ 77.2
Accrued income taxes and other tax-related liabilities	25.7	33.7
Environmental liabilities and other legal matters	15.0	24.0
Operating lease liabilities (see Note 2)	19.3	0.0
Accrued warranty costs	16.2	16.2
Other accrued liabilities	33.9	34.2
Accrued liabilities	395.6	416.7
Environmental liabilities	56.2	59.5
Operating lease liabilities (see Note 2)	78.5	0.0
Compensation and other employee-related benefits	35.1	34.2
Deferred income taxes and other tax-related accruals	23.8	25.0
Other	50.8	47.8
Other non-current liabilities	$ 244.4	$ 166.5

LEASES Lease Costs (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
LEASES Lease Costs (Details) - USD ($) $ in Millions	Jun. 30, 2019	Jun. 30, 2019
Leases [Abstract]
Operating lease cost	$ 6.7	$ 12.3

LEASES Total Minimum Lease Payments as of June 30, 2019 (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Leases [Abstract]
2019	$ 11.6	$ 22.2
2020	19.5	16.8
2021	15.3	12.6
2022	12.6	10.2
2023	10.0	8.1
2024 and thereafter	60.7	46.4
Total minimum lease payments	129.7	116.3
Less: amount of lease payments representing interest	(31.9)
Present value of future lease payments	97.8
Short-term lease liability	19.3	0.0
Long-term lease liability	$ 78.5	$ 0.0

LEASES Total Minimum Lease Payments as of December 31, 2018 (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Leases [Abstract]
2019	$ 11.6	$ 22.2
2020	19.5	16.8
2021	15.3	12.6
2022	12.6	10.2
2023	10.0	8.1
2024 and thereafter	60.7	46.4
Total minimum lease payments	$ 129.7	$ 116.3

LEASES Leases Textuals (Details) $ in Millions	3 Months Ended	6 Months Ended
LEASES Leases Textuals (Details) $ in Millions	Jun. 30, 2019 USD ($)	Jun. 30, 2019 USD ($)
Leases [Abstract]
Operating Lease, Cost	$ 6.7	$ 12.3
Operating Lease, Weighted Average Remaining Lease Term	13 years 9 months 18 days	13 years 9 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent	3.20%	3.20%
Capitalized Right of Use Assets during the Period		$ 22.8
Operating Lease, Payments		$ 10.9

DEBT Debt (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Debt [Line Items]
Commercial paper	$ 148.0	$ 114.4
Current maturities of long-term debt and finance leases	1.4	1.8
Commercial paper and current maturities of long-term debt	149.4	116.2
Long-term debt and finance leases	14.3	8.8
Total debt and finance leases	$ 163.7	$ 125.0
Commercial Paper [Member]
Debt [Line Items]
Weighted Average Interest Rate	0.09%	0.06%

POSTRETIREMENT BENEFIT PLANS - Net Periodic Benefit Cost of Pension Plans and Other Employee Related Benefit Plans (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0.4	$ 0.6	$ 1.0	$ 1.2
Interest cost	4.2	3.9	8.3	7.8
Expected return on plan assets	(3.4)	(3.5)	(7.2)	(7.0)
Amortization of prior service cost (benefit)	(1.1)	(1.1)	(2.2)	(2.2)
Amortization of net actuarial loss	1.8	2.6	3.7	5.2
Total net periodic benefit cost	1.9	2.5	3.6	5.0
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.3	0.4	0.7	0.8
Interest cost	3.2	2.8	6.3	5.6
Expected return on plan assets	(3.4)	(3.4)	(7.2)	(6.8)
Amortization of prior service cost (benefit)	0.2	0.2	0.4	0.4
Amortization of net actuarial loss	1.3	1.5	2.6	3.0
Total net periodic benefit cost	1.6	1.5	2.8	3.0
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.1	0.2	0.3	0.4
Interest cost	1.0	1.1	2.0	2.2
Expected return on plan assets	0.0	(0.1)	0.0	(0.2)
Amortization of prior service cost (benefit)	(1.3)	(1.3)	(2.6)	(2.6)
Amortization of net actuarial loss	0.5	1.1	1.1	2.2
Total net periodic benefit cost	$ 0.3	$ 1.0	$ 0.8	$ 2.0

POSTRETIREMENT BENEFIT PLANS Postretirement Textuals (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Defined Benefit Plan, Plan Assets, Contributions by Employer			$ 7.1	$ 6.8
Reclassification of Postretirement Costs from AOCI, Net of Tax	$ 0.5	$ 1.1	1.1	$ 2.2
Minimum [Member]
Defined Benefit Plan, Expected Future Employer Contributions, Remainder of Fiscal Year	7.0		7.0
Maximum [Member]
Defined Benefit Plan, Expected Future Employer Contributions, Remainder of Fiscal Year	$ 9.0		$ 9.0

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION - Employee Compensation Costs (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share-based Payment Arrangement [Abstract]
Share-based compensation expense, equity-based awards	$ 3.9	$ 5.7	$ 8.4	$ 10.2
Share-based compensation expense, liability-based awards	0.7	0.7	1.4	0.8
Total share-based compensation expense in operating income (loss)	$ 4.6	$ 6.4	$ 9.8	$ 11.0

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION - Summary of Long-Term Incentive Plan Awards (Detail) shares in Millions	6 Months Ended
	Jun. 30, 2019 $ / shares shares
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Awards Granted \| shares	0.2
Grant Date Fair Value \| $ / shares	$ 58.35
Performance Stock Unit [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Awards Granted \| shares	0.1
Grant Date Fair Value \| $ / shares	$ 65.28

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION - Additional Information (Detail) - USD ($) shares in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options exercised	0.3	0.2
Proceeds from the exercise of stock options	$ 8.3	$ 4.7
Equity Based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 24.4
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	2 years 1 month 6 days
Liability Based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 2.5
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	1 year 8 months 12 days
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock vested during period	0.2	0.2
Performance Stock Unit [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock vested during period	0.2	0.1

CAPITAL STOCK - Additional Information (Detail) - USD ($) shares in Millions, $ in Millions	3 Months Ended				6 Months Ended		152 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019
Equity, Class of Treasury Stock [Line Items]
Aggregate cost of repurchase	$ 0.1	$ 19.9	$ 0.1	$ 55.3
Number of shares repurchased under settlement of employee tax withholding obligations					0.2	0.1
Shares repurchased aggregate value under settlement of employee tax withholding obligations					$ 9.5	$ 5.4
2006 Share Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Share repurchase program	$ 1,000.0				$ 1,000.0		$ 1,000.0
Repurchase of shares of common stock					0.2	1.0	22.4
Aggregate cost of repurchase					$ 10.5	$ 50.0	$ 919.9

ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax	$ (130.5)	$ (131.0)	$ 135.4	$ 136.5	$ (130.5)	$ 135.4	$ (131.6)	$ (137.6)
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	(241.0)	(246.3)	(231.2)	(184.1)	(241.0)	(231.2)	(243.9)	(210.6)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	0.5	0.6	1.1	1.1	1.1	2.2
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	5.3	(2.4)	(47.1)	26.5
Other Comprehensive Income (Loss), Net of Tax	5.8	(1.8)	(46.0)	27.6	4.0	(18.4)
Total accumulated other comprehensive loss	$ (371.5)	$ (377.3)	$ (366.6)	$ (320.6)	$ (371.5)	$ (366.6)	$ (375.5)	$ (348.2)

- Definition

Accumulated adjustment, net of tax, that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency from the functional currency of the reporting entity, net of reclassification of realized foreign currency translation gains or losses.

+ References + Details

COMMITMENTS AND CONTINGENCIES Rollforward of Asbestos Claims (Detail) - Asbestos Issue [Member] Claim in Thousands	6 Months Ended
	Jun. 30, 2019 Claim
Asbestos Claims [Rollforward]
Pending claims – Beginning	24
New claims	2
Settlements	(1)
Dismissals	(1)
Pending claims – Ending	24

COMMITMENTS AND CONTINGENCIES Summary of Net Asbestos Charges (Details) - USD ($)
$ in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2019

Jun. 30, 2018

Jun. 30, 2019

Jun. 30, 2018

^[1]

$ 24.4

$ 25.9

0.0

(32.1)

Asbestos-related costs (benefit), net

$ 11.8

$ 13.5

24.4

(6.2)

Liability [Member]

^[1]

30.6

32.0

$ 0.0

[1]	(a) Includes certain administrative costs such as legal-related costs for insurance asset recoveries.

COMMITMENTS AND CONTINGENCIES Roll Forward of Asbestos Liability and Related Assets (Detail) - USD ($)
$ in Millions

6 Months Ended

Jun. 30, 2019

Jun. 30, 2018

Dec. 31, 2018

Net Asbestos Liability Rollforward [Line Items]

Asbestos Liability And Related Assets Net Current And Noncurrent - Beginning

$ (472.6)

$ (508.5)

^[1]

24.4

25.9

Gain From Asbestos Insurance Settlement Agreement

0.0

(32.1)

Cash Payments

^[1]

(15.8)

(30.8)

Asbestos Liability And Related Assets Net Current And Noncurrent - Ending

(481.2)

(471.5)

Asbestos-related liabilities Current

72.6

77.2

$ 74.2

763.2

781.6

775.1

Asbestos-related assets Current

67.1

64.7

67.1

Asbestos-related assets Non-Current

287.5

322.6

$ 309.6

Liability [Member]

Net Asbestos Liability Rollforward [Line Items]

Asbestos Liability And Related Assets Net Current And Noncurrent - Beginning

(849.3)

(877.2)

^[1]

30.6

32.0

Gain From Asbestos Insurance Settlement Agreement

0.0

Cash Payments

^[1]

(44.1)

(50.4)

Asbestos Liability And Related Assets Net Current And Noncurrent - Ending

(835.8)

(858.8)

Assets [Member]

Net Asbestos Liability Rollforward [Line Items]

Asbestos Liability And Related Assets Net Current And Noncurrent - Beginning

376.7

368.7

(6.2)

(6.1)

Gain From Asbestos Insurance Settlement Agreement

0.0

(32.1)

Cash Payments

28.3

19.6

Asbestos Liability And Related Assets Net Current And Noncurrent - Ending

$ 354.6

$ 387.3

[1]	(a) Includes certain administrative costs such as legal-related costs for insurance asset recoveries.

COMMITMENTS AND CONTINGENCIES Asbestos Matters Textuals (Details) - Claim Claim in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Asbestos Related Contingencies [Line Items]
Asbestos Liability Measurement Periods for Claims Pending and Estimated to be Filed	10 years
Asbestos Issue [Member]
Asbestos Related Contingencies [Line Items]
Pending Asbestos Claims	24	24

COMMITMENTS AND CONTINGENCIES Rollforward of Environmental Liability and Related Assets (Detail) - Liability [Member] - USD ($)
$ in Millions

6 Months Ended

Jun. 30, 2019

Jun. 30, 2018

Loss Contingency Accrual [Roll Forward]

Environmental liability - Beginning balance

$ 66.8

$ 73.9

Accruals added during the period for new matters

0.0

2.0

Net Cash Activity

(3.6)

(12.2)

^[1]

Foreign exchange translation

0.0

0.1

Environmental liability - Ending balance

63.5

67.1

Continuing Operations [Member]

Loss Contingency Accrual [Roll Forward]

Changes In Pre-Existing Environmental Accruals

$ 0.3

$ 3.3

[1]	(a) Includes cash payments of $7.9 for the six months ended June 30, 2018 related to the sale of a former operating location.

COMMITMENTS AND CONTINGENCIES Environmental Matters Textuals (Details) $ in Millions	6 Months Ended
	Jun. 30, 2018 USD ($)	Jun. 30, 2019 USD ($) site	Dec. 31, 2018 USD ($)
Site Contingency [Line Items]
Payments to Prepare Former Operation Location for Sale	$ 7.9
Environmental-related assets	$ 23.3	$ 23.6	$ 23.4
Environmental Related Matters [Member]
Site Contingency [Line Items]
Number Of Active Environmental Investigation And Remediation Sites \| site		30
Maximum [Member] \| Environmental Related Matters [Member]
Site Contingency [Line Items]
Loss Contingency, Range of Possible Loss, Maximum		$ 110.5

COMMITMENTS AND CONTINGENCIES Other Matters (Details) $ in Millions	6 Months Ended
	Jun. 30, 2019 USD ($)
Other Matters [Abstract]
Litigation Settlement, Amount Awarded to Other Party	$ 11
Insurance Settlement [Member]
Gain Contingencies [Line Items]
Loss Contingency, Receivable, Proceeds	$ 1

ACQUISITIONS Acquisitions (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Goodwill	$ 931.0	$ 875.9
Rheinhutte Pumpen Group [Member]
Business Acquisition [Line Items]
Cash	4.7
Receivables	9.7
Inventory	13.3
Plant, property and equipment	21.5
Goodwill	54.6
Other assets	3.2
Accounts payable and accrued liabilities	(6.7)
Other liabilities	(5.3)
Net assets acquired	$ 95.0

ACQUISITIONS Acquisitions Textuals (Details) € in Millions, $ in Millions		6 Months Ended			12 Months Ended
	Jul. 03, 2019 USD ($) Employees	Jun. 30, 2019 USD ($) Employees	Jun. 30, 2019 EUR (€)	Jun. 30, 2018 USD ($)	Dec. 31, 2018 EUR (€)	Dec. 31, 2018 USD ($)
Business Acquisition [Line Items]
Acquisitions, net of cash acquired		$ 87.3		$ 0.0
Goodwill		$ 931.0				$ 875.9
Rheinhutte Pumpen Group [Member]
Business Acquisition [Line Items]
Business Acquisition, Effective Date of Acquisition		Apr. 30, 2019	Apr. 30, 2019
Business Acquisition, Name of Acquired Entity		Rheinhütte Pumpen Group	Rheinhütte Pumpen Group
Acquisitions, net of cash acquired \| €			€ 81.0
Revenue of Acquired Entity for Last Annual Period \| €					€ 61.5
Number of Employees at Entity to be Acquired \| Employees		430
Goodwill		$ 54.6
Subsequent Event [Member] \| Matrix Composites [Member]
Business Acquisition [Line Items]
Business Acquisition, Effective Date of Acquisition	Jul. 03, 2019
Business Acquisition, Name of Acquired Entity	Matrix Composites, Inc.
Acquisitions, net of cash acquired	$ 29.0
Business Combination, Contingent Consideration, Liability	3.0
Revenue of Acquired Entity for Last Annual Period	$ 12.0
Number of Employees at Entity to be Acquired \| Employees	115