ITT (ITT) 10-Q 4 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares shares in Millions	6 Months Ended
	Jun. 30, 2016	Aug. 03, 2016
Document Documentand Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	ITT
Entity Registrant Name	ITT Inc.
Entity Central Index Key	216,228
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		89.6

CONSOLIDATED CONDENSED INCOME S

CONSOLIDATED CONDENSED INCOME STATEMENTS - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Revenue	$ 626.2	$ 628.2	$ 1,235.3	$ 1,216.9
Costs of revenue	420.6	414.3	834.4	804
Gross profit	205.6	213.9	400.9	412.9
General and administrative expenses	74	66.5	143	126.6
Sales and marketing expenses	46	48.8	89.3	96.1
Research and development expenses	21.1	18.9	40.3	37.2
Asbestos-related costs (benefit), net	15	(84.8)	27.8	(69.4)
Operating income	49.5	164.5	100.5	222.4
Interest and non-operating (income) expenses, net	(0.5)	0.3	1.2	1.5
Income from continuing operations before income tax expense	50	164.2	99.3	220.9
Income tax expense	17.5	23.5	29.2	41.6
Income from continuing operations	32.5	140.7	70.1	179.3
Income from discontinued operations, net of tax	0.5	1.7	0.2	5.1
Net income	33	142.4	70.3	184.4
Less: Income attributable to noncontrolling interests	0.2	0.1	0.1	0
Net income attributable to ITT Inc.	32.8	142.3	70.2	184.4
Amounts attributable to ITT Inc.:
Income from continuing operations, net of tax	32.3	140.6	70	179.3
Income from discontinued operations, net of tax	0.5	1.7	0.2	5.1
Net income attributable to ITT Inc.	$ 32.8	$ 142.3	$ 70.2	$ 184.4
Basic:
Continuing operations	$ 0.36	$ 1.57	$ 0.78	$ 1.99
Discontinued operations	0	0.02	0	0.06
Net income	0.36	1.59	0.78	2.05
Diluted:
Continuing operations	0.36	1.56	0.78	1.97
Discontinued operations	0	0.02	0	0.06
Net income	$ 0.36	$ 1.58	$ 0.78	$ 2.03
Weighted average common shares – basic	89.8	89.3	89.7	90
Weighted average common shares – diluted	90.4	90.2	90.4	91
Cash dividends declared per common share	$ 0.124	$ 0.1183	$ 0.248	$ 0.2366

CONSOLIDATED CONDENSED INCOME 3

CONSOLIDATED CONDENSED INCOME STATEMENTS (Parenthetical) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Tax (expense) benefit on income from discontinued operations	$ (0.1)	$ 0.5	$ 0.2	$ 4

CONSOLIDATED CONDENSED STATEMEN

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 33	$ 142.4	$ 70.3	$ 184.4
Other comprehensive (loss) income:
Net foreign currency translation adjustment	(14.4)	13.1	12.8	(47.8)
Net change in postretirement benefit plans, net of tax impacts of $0.5, $0.1, $1.1 and $0.4, respectively	1.2	0.6	2.3	1.1
Other comprehensive (loss) income	(13.2)	13.7	15.1	(46.7)
Comprehensive income	19.8	156.1	85.4	137.7
Less: Comprehensive income attributable to noncontrolling interests	0.2	0.1	0.1	0
Comprehensive income attributable to ITT Inc.	19.6	156	85.3	137.7
Reclassification adjustments (see Note 14):
Amortization of prior service benefit, net of tax expense of $(0.5), $(0.9), $(1.0) and $(1.8), respectively	(0.9)	(1.6)	(1.8)	(3.2)
Amortization of net actuarial loss, net of tax benefits of $1.0, $1.0, $2.1 and $2.2, respectively	2.1	2.2	4.1	4.3
Net change in postretirement benefit plans, net of tax impacts of $0.5, $0.1, $1.1 and $0.4, respectively	$ 1.2	$ 0.6	$ 2.3	$ 1.1

CONSOLIDATED CONDENSED STATEME5

CONSOLIDATED CONDENSED STATEMENT OF COMPREHENSIVE INCOME (Parenthetical) (Parentheticals) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax, Portion Attributable to Parent	$ 0.5	$ 0.1	$ 1.1	$ 0.4
Other Comprehensive Income (Loss), Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service (Cost) Credit, Tax	(0.5)	(0.9)	(1)	(1.8)
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net (Gain) Loss, Tax	$ 1	$ 1	$ 2.1	$ 2.2

CONSOLIDATED CONDENSED BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 433.3	$ 415.7
Receivables, net	625.1	584.9
Inventories, net	299.3	292.7
Total current assets	170.1	204.4
Total current assets	1,527.8	1,497.7
Plant, property and equipment, net	437.9	443.5
Goodwill	788.3	778.3
Other intangible assets, net	171.8	187.2
Asbestos-related assets	316.4	337.5
Deferred income taxes	326.2	326.1
Other non-current assets	181.9	153.3
Total non-current assets	2,222.5	2,225.9
Total assets	3,750.3	3,723.6	[1]
Current liabilities:
Short-term loans and current maturities of long-term debt	219	245.7
Accounts payable	310	314.7
Accrued liabilities	387.3	392.7
Total current liabilities	916.3	953.1
Asbestos-related liabilities	950.6	954.8
Postretirement benefits	257.3	260.4
Other non-current liabilities	209.3	189.9
Total non-current liabilities	1,417.2	1,405.1
Total liabilities	2,333.5	2,358.2
Shareholders’ equity:
Outstanding – 89.6 shares and 89.5 shares, respectively	89.6	89.5
Retained earnings	1,734.6	1,696.7
Total accumulated other comprehensive loss	(409)	(424.1)
Total ITT Inc. shareholders' equity	1,415.2	1,362.1
Noncontrolling interests	1.6	3.3
Total shareholders’ equity	1,416.8	1,365.4
Total liabilities and shareholders’ equity	$ 3,750.3	$ 3,723.6
[1]	Amounts reflect balances as of December 31, 2015.

CONSOLIDATED CONDENSED BALANCE7

CONSOLIDATED CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares shares in Millions	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Common stock, shares authorized	250	250
Common stock, par value	$ 1	$ 1
Common stock, shares issued	89.6	104.5
Common stock, shares outstanding	89.6	89.5

CONSOLIDATED CONDENSED STATEME8

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Operating Activities
Net income	$ 70.3	$ 184.4
Less: Income from discontinued operations	0.2	5.1
Less: Income attributable to noncontrolling interests	0.1	0
Income from continuing operations attributable to ITT Inc.	70	179.3
Adjustments to income from continuing operations:
Depreciation and amortization	51.1	41.9
Stock-based compensation	5.9	6.9
Asbestos-related costs (benefit), net	27.8	(69.4)
Asbestos-related payments, net	(11.5)	(6.5)
Changes in assets and liabilities:
Change in receivables	(45.6)	(71.8)
Change in inventories	(3.7)	2
Change in accounts payable	(4.3)	4.5
Change in accrued expenses	(28.1)	(19.6)
Change in Accrued and Deferred Income Taxes	9.7	30.4
Other, net	0.3	(8.2)
Net Cash – Operating activities	71.6	89.5
Investing Activities
Capital expenditures	(46.1)	(46)
Acquisitions, net of cash acquired	(0.2)	(53.5)
Purchases of investments	(60.6)	(73)
Maturities of investments	108.7	20.6
Proceeds from sale of businesses and other assets	1.2	8.9
Proceeds from insurance recovery	0	2.5
Other, net	0.2	0.3
Net Cash – Investing activities	3.2	(140.2)
Financing Activities
Commercial paper, net borrowings	23.5	68.7
Short-term revolving loans, borrowings	27.7	0
Short-term revolving loans, repayments	(78.3)	0
Long-term debt, repayments	(0.6)	(1.9)
Repurchase of common stock	(27.5)	(83.7)
Proceeds from issuance of common stock	8.8	5.3
Dividends paid	(22.5)	(11)
Excess tax benefit from equity compensation activity	3.4	3
Other, net	(2.3)	0
Net Cash – Financing activities	(67.8)	(19.6)
Exchange rate effects on cash and cash equivalents	4	(14)
Net Cash – Operating activities of discontinued operations	6.6	(2.3)
Net change in cash and cash equivalents	17.6	(86.6)
Cash and cash equivalents – beginning of year	415.7	584
Cash and cash equivalents – end of period	433.3	497.4
Cash paid during the year for:
Interest	2.4	0.5
Income taxes, net of refunds received	$ 15.2	$ 6.7

CONSOLIDATED CONDENSED STATEME9

CONSOLIDATED CONDENSED STATEMENTS OF CHANGES IN SHAREDHOLDERS' EQUITY - USD ($) $ in Millions	Total	Common Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest [Member]
Total shareholders' equity, beginning balance at Dec. 31, 2014	$ 1,220.3	$ 91	$ 1,445.1		$ 5.4
Postretirement benefit plans, beginning balance at Dec. 31, 2014				$ (144.2)
Cumulative translation adjustment, beginning balance at Dec. 31, 2014				(176.7)
Unrealized loss on investment securities, beginning balance at Dec. 31, 2014				(0.3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Activity from stock incentive plans		0.5
Net income attributable to ITT Inc.	184.4		184.4
Dividends declared			(21.5)
Activity from stock incentive plans			14.5
Share repurchases		(2.1)	(81.6)
Net change in postretirement benefit plans	1.1			1.1
Net cumulative translation adjustment				(47.8)
Income attributable to noncontrolling interests	0				0
Dividend to noncontrolling interest shareholders					0
Change In Equity From Noncontrolling Interest Attributable To Other					0
Postretirement benefit plans, ending balance at Jun. 30, 2015				(143.1)
Cumulative translation adjustment, ending balance at Jun. 30, 2015				(224.5)
Unrealized loss on investment securities, ending balance at Jun. 30, 2015				(0.3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net change in common stock		(1.6)
Net change in retained earnings			95.8
Net change in accumulated other comprehensive loss				(46.7)
Net change in noncontrolling interests					0
Total shareholders' equity, ending balance at Jun. 30, 2015	1,267.8	89.4	1,540.9	(367.9)	5.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests			0
Total shareholders' equity, beginning balance at Mar. 31, 2015	1,114.6	89.2	1,401.7		5.3
Postretirement benefit plans, beginning balance at Mar. 31, 2015				(143.7)
Cumulative translation adjustment, beginning balance at Mar. 31, 2015				(237.6)
Unrealized loss on investment securities, beginning balance at Mar. 31, 2015				(0.3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Activity from stock incentive plans		0.2
Net income attributable to ITT Inc.	142.3		142.3
Dividends declared			(11)
Activity from stock incentive plans			8
Share repurchases		0	(0.1)
Net change in postretirement benefit plans	0.6			0.6
Net cumulative translation adjustment				13.1
Income attributable to noncontrolling interests	(0.1)				0.1
Dividend to noncontrolling interest shareholders					0
Change In Equity From Noncontrolling Interest Attributable To Other					0
Postretirement benefit plans, ending balance at Jun. 30, 2015				(143.1)
Cumulative translation adjustment, ending balance at Jun. 30, 2015				(224.5)
Unrealized loss on investment securities, ending balance at Jun. 30, 2015				(0.3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net change in common stock		0.2
Net change in retained earnings			139.2
Net change in accumulated other comprehensive loss				13.7
Net change in noncontrolling interests					0.1
Total shareholders' equity, ending balance at Jun. 30, 2015	1,267.8	89.4	1,540.9	(367.9)	5.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests			0
Total shareholders' equity, beginning balance at Dec. 31, 2015	1,365.4	89.5	1,696.7		3.3
Postretirement benefit plans, beginning balance at Dec. 31, 2015				(153.7)
Cumulative translation adjustment, beginning balance at Dec. 31, 2015				(270.1)
Unrealized loss on investment securities, beginning balance at Dec. 31, 2015				(0.3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Activity from stock incentive plans		0.9
Net income attributable to ITT Inc.	70.2		70.2
Dividends declared			(22.4)
Activity from stock incentive plans			17.2
Share repurchases		(0.8)	(26.7)
Net change in postretirement benefit plans	2.3			2.3
Net cumulative translation adjustment				12.8
Income attributable to noncontrolling interests	(0.1)				0.1
Dividend to noncontrolling interest shareholders					(1.9)
Change In Equity From Noncontrolling Interest Attributable To Other					0.1
Postretirement benefit plans, ending balance at Jun. 30, 2016				(151.4)
Cumulative translation adjustment, ending balance at Jun. 30, 2016				(257.3)
Unrealized loss on investment securities, ending balance at Jun. 30, 2016				(0.3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net change in common stock		0.1
Net change in retained earnings			37.9
Net change in accumulated other comprehensive loss				15.1
Net change in noncontrolling interests					(1.7)
Total shareholders' equity, ending balance at Jun. 30, 2016	1,416.8	89.6	1,734.6	(409)	1.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests			0.4
Total shareholders' equity, beginning balance at Mar. 31, 2016	1,422.9	90	1,727.2		1.5
Postretirement benefit plans, beginning balance at Mar. 31, 2016				(152.6)
Cumulative translation adjustment, beginning balance at Mar. 31, 2016				(242.9)
Unrealized loss on investment securities, beginning balance at Mar. 31, 2016				(0.3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Activity from stock incentive plans		0.2
Net income attributable to ITT Inc.	32.8		32.8
Dividends declared			(11.3)
Activity from stock incentive plans			5.9
Share repurchases		(0.6)	(20)
Net change in postretirement benefit plans	1.2			1.2
Net cumulative translation adjustment				(14.4)
Income attributable to noncontrolling interests	(0.2)				0.2
Dividend to noncontrolling interest shareholders					0
Change In Equity From Noncontrolling Interest Attributable To Other					(0.1)
Postretirement benefit plans, ending balance at Jun. 30, 2016				(151.4)
Cumulative translation adjustment, ending balance at Jun. 30, 2016				(257.3)
Unrealized loss on investment securities, ending balance at Jun. 30, 2016				(0.3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net change in common stock		(0.4)
Net change in retained earnings			7.4
Net change in accumulated other comprehensive loss				(13.2)
Net change in noncontrolling interests					0.1
Total shareholders' equity, ending balance at Jun. 30, 2016	$ 1,416.8	$ 89.6	1,734.6	$ (409)	$ 1.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests			$ 0

DESCRIPTION OF BUSINESS AND BAS

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2016
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 energy, transportation, and industrial 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 four segments: Industrial Process, consisting of industrial pumping and complementary equipment; Motion Technologies, consisting of friction and shock and vibration equipment; Interconnect Solutions, consisting of electronic connectors; and Control Technologies, consisting of fluid handling, motion control, and noise and energy absorption products. Financial information for our segments is presented in Note 3, "Segment Information." On May 16, 2016, we consummated a corporate reorganization into a holding company structure. As a result of the reorganization ITT Inc., an Indiana corporation that was previously a wholly owned subsidiary of ITT Corporation, became the publicly traded holding company of ITT Corporation and its subsidiaries and the successor issuer to ITT Corporation under Rule 12g-3(a) under the Securities Exchange Act of 1934 (Exchange Act). As the successor issuer, ITT Inc. common stock was deemed to be registered under Section 12(b) of the Exchange Act and ITT Inc. succeeded to ITT Corporation’s obligation to file reports, proxy statements and other information required by the Exchange Act with the SEC. For additional information regarding the holding company reorganization, please refer to our Current Report on Form 8-K that we filed with the SEC on May 16, 2016. On October 31, 2011, ITT completed the tax-free spin-off of its Defense and Information Solutions business, Exelis Inc. (Exelis), and its water-related business, Xylem Inc. (Xylem) by way of a distribution of all of the issued and outstanding shares of Exelis common stock and Xylem common stock, on a pro rata basis, to ITT shareholders of record on October 17, 2011. This transaction is referred to in this Report as the "2011 spin-off." On May 29, 2015, Harris Corporation acquired Exelis. 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 adjustments (which include normal recurring adjustments) necessary for a fair presentation of the financial position, results of operations, and cash flows for the periods presented. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) have been condensed or omitted pursuant to such SEC rules. We believe that the disclosures made are adequate to make the information presented not misleading. We consistently applied the accounting policies described in ITT's Annual Report on Form 10-K for the year ended December 31, 2015 ( 2015 Annual Report) in preparing these unaudited financial statements. These financial statements should be read in conjunction with the financial statements and notes thereto included in our 2015 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, 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 generally 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.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 2016
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	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 Not Yet Adopted In March 2016, the Financial Accounting Standards Board (FASB) issued ASU 2016-09 to simplify several aspects of the accounting for employee share-based payment transactions standard, including the classification of excess tax benefits and deficiencies and the accounting for employee forfeitures. The guidance is effective for the Company beginning in the first quarter of 2017. The updates to the accounting standard include the following: • Excess tax benefits and deficiencies will no longer be recognized as a change in additional paid-in-capital in the equity section of the balance sheet, instead they are to be recognized in the income statement as a tax expense or benefit. In the statement of cash flows, excess tax benefits and deficiencies will no longer be classified as a financing activity, instead they will be classified as an operating activity. • Entities will have the option to continue to reduce share-based compensation expense during the vesting period of outstanding awards for estimated future employee forfeitures or they may elect to recognize the impact of forfeitures as they actually occur. • The ASU also provides new guidance to other areas of the standard including minimum statutory tax withholding rules and the calculation of diluted common shares outstanding. The updates are to be applied using a modified retrospective approach as a cumulative adjustment to retained earnings and early adoption is permitted. We have yet to finalize the evaluation of the potential impact of this ASU on our financial statements, however we do not expect these changes to have a material impact. In February 2016, the FASB issued ASU 2016-02 impacting the accounting for leases intended to increase transparency and comparability of organizations by requiring balance sheet presentation of leased assets and increased financial statement disclosure of leasing arrangements. The revised standard will require entities to recognize a liability for its lease obligations and a corresponding asset representing the right to use the underlying asset over the lease term. Lease obligations are to be measured at the present value of lease payments and accounted for using the effective interest method. The accounting for the leased asset will differ slightly depending on whether the agreement is deemed to be a financing or operating lease. For finance leases, the leased asset is depreciated on a straight-line basis and recorded separately from the interest expense in the income statement resulting in higher expense in the earlier part of the lease term. For operating leases, the depreciation and interest expense components are combined, recognized evenly over the term of the lease, and presented as a reduction to operating income. The ASU requires that assets and liabilities be presented or disclosed separately and classified appropriately as current and noncurrent. The ASU further requires additional disclosure of certain qualitative and quantitative information related to lease agreements. The new standard is effective for the Company beginning in the first quarter 2019 and early adoption is permitted. We are currently evaluating the impact of these amendments on our financial statements. In May 2014, the FASB issued ASU 2014-09 amending the existing accounting standards for revenue recognition. The amendments are based on the principle that revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. The new guidance will be effective for the Company beginning in its first quarter of 2018. The amendments may be applied retrospectively to each prior period presented or with the cumulative effect recognized as of the date of initial application. We are currently evaluating the impact of these amendments and the transition alternatives on our financial statements.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Company's segments are reported on the same basis used internally for evaluating performance and for allocating resources. Our four reportable segments are referred to as: Industrial Process, Motion Technologies, Interconnect Solutions and Control Technologies. 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. Motion Technologies manufactures brake components and specialized sealing solutions, shock absorbers and damping technologies primarily for the global automotive, truck and trailer, public bus and rail transportation markets. Interconnect Solutions manufactures and designs a wide range of highly engineered harsh environment connector solutions that make it possible to transfer signal and power between electronic devices which service global customers for the aerospace and defense, industrial and transportation, oil and gas, and medical markets. Control Technologies manufactures specialized equipment, including actuation, fuel management, noise and energy absorption, and environmental control system components, for the aerospace and defense, and industrial 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 assets and certain property, plant and equipment. Revenue Operating Income (Loss) Operating Margin For the Three Months Ended June 30 2016 2015 2016 2015 2016 2015 Industrial Process $ 214.2 $ 287.5 $ 6.3 $ 41.5 2.9 % 14.4 % Motion Technologies 259.6 184.4 48.9 37.0 18.8 % 20.1 % Interconnect Solutions 78.8 82.7 4.8 (0.8 ) 6.1 % (1.0 )% Control Technologies 74.8 74.5 12.0 12.2 16.0 % 16.4 % Total segment results 627.4 629.1 72.0 89.9 11.5 % 14.3 % Asbestos-related (costs) benefit, net — — (15.0 ) 84.8 — — Eliminations / Other corporate costs (1.2 ) (0.9 ) (7.5 ) (10.2 ) — — Total Eliminations / Corporate and Other costs (1.2 ) (0.9 ) (22.5 ) 74.6 — — Total $ 626.2 $ 628.2 $ 49.5 $ 164.5 7.9 % 26.2 % Revenue Operating Operating Margin For the Six Months Ended June 30 2016 2015 2016 2015 2016 2015 Industrial Process $ 423.0 $ 543.1 $ 15.3 $ 61.9 3.6 % 11.4 % Motion Technologies 516.6 375.6 99.6 78.0 19.3 % 20.8 % Interconnect Solutions 151.2 160.2 6.8 4.0 4.5 % 2.5 % Control Technologies 146.7 140.3 22.4 26.5 15.3 % 18.9 % Total segment results 1,237.5 1,219.2 144.1 170.4 11.7 % 14.0 % Asbestos-related (costs) benefit, net — — (27.8 ) 69.4 — — Eliminations / Other corporate costs (2.2 ) (2.3 ) (15.8 ) (17.4 ) — — Total Eliminations / Corporate and Other costs (2.2 ) (2.3 ) (43.6 ) 52.0 — — Total $ 1,235.3 $ 1,216.9 $ 100.5 $ 222.4 8.1 % 18.3 % Total Assets Capital Expenditures Depreciation & Amortization For the Six Months Ended June 30 2016 2015 (a) 2016 2015 2016 2015 Industrial Process $ 1,071.9 $ 1,097.5 $ 11.2 $ 9.1 $ 14.3 $ 14.2 Motion Technologies 837.3 779.8 29.3 19.9 21.2 13.8 Interconnect Solutions 315.3 303.2 2.5 12.0 6.0 4.7 Control Technologies 380.2 370.6 2.9 3.1 6.4 5.9 Corporate and Other 1,145.6 1,172.5 0.2 1.9 3.2 3.3 Total $ 3,750.3 $ 3,723.6 $ 46.1 $ 46.0 $ 51.1 $ 41.9 (a) Amounts reflect balances as of December 31, 2015 .

RESTRUCTURING ACTIONS RESTRUCTU

RESTRUCTURING ACTIONS RESTRUCTURING ACTIONS	6 Months Ended
	Jun. 30, 2016
Restructuring and Related Activities [Abstract]
RESTRUCTURING ACTIONS	RESTRUCTURING ACTIONS The table below summarizes the restructuring costs presented within general and administrative expenses in our Consolidated Condensed Income Statements for the three and six months ended June 30, 2016 and 2015 . Three Months Six Months For the Periods Ended June 30 2016 2015 2016 2015 Severance costs $ 13.8 $ 6.2 $ 18.9 $ 15.1 Asset write-offs — — 0.2 — Other restructuring costs 0.5 0.5 0.7 0.9 Total restructuring costs $ 14.3 $ 6.7 $ 19.8 $ 16.0 By segment: Industrial Process $ 13.8 $ 1.1 $ 17.0 $ 10.0 Motion Technologies — — 1.4 — Interconnect Solutions — 5.5 — 5.3 Control Technologies — — 0.9 0.5 Corporate and Other 0.5 0.1 0.5 0.2 The following table displays a rollforward of the restructuring accruals, presented on our Consolidated Condensed Balance Sheet within accrued liabilities, for the six months ended June 30, 2016 and 2015 . For the Periods Ended June 30 2016 2015 Restructuring accruals - beginning balance $ 20.0 $ 21.9 Restructuring costs 19.8 16.0 Cash payments (15.5 ) (13.1 ) Asset write-offs (0.2 ) — Foreign exchange translation and other 0.1 (0.3 ) Restructuring accrual - ending balance $ 24.2 $ 24.5 By accrual type: Severance accrual $ 23.9 $ 23.3 Facility carrying and other costs accrual 0.3 1.2 We have initiated various restructuring activities throughout our businesses during the past two years, of which only those noted below are considered to be individually significant. Other less significant restructuring actions taken during 2016 and 2015 included various reduction in force initiatives and the consolidation of two sites within our Control Technologies segment to an existing lower cost location. Industrial Process Restructuring Actions Beginning in early 2015, we have been executing a series of restructuring actions focused on achieving efficiencies and reducing the overall cost structure of the Industrial Process segment. During the first six months of 2016, we continued to progress these objectives and we recognized $17.0 of restructuring costs primarily related to severance for approximately 350 employees. During 2015, we recognized restructuring costs of $12.2 for these actions, with $10.0 recognized during the first half of 2015. Total restructuring costs under these actions through June 30, 2016 are $29.2 mainly related to severance for approximately 550 employees. These actions are expected to be substantially complete during the next six months. However, we will be continuing to monitor and evaluate the need for any additional restructuring actions. The following table provides a rollforward of the restructuring accruals associated with the Industrial Process restructuring actions. For the Six Months Ended June 30 2016 2015 Restructuring accruals - beginning balance $ 4.9 $ — Restructuring costs 17.0 10.0 Cash payments (8.0 ) (2.0 ) Asset write-offs (0.2 ) — Foreign exchange translation 0.3 — Restructuring accruals - ending balance $ 14.0 $ 8.0 Interconnect Solutions Restructuring Actions Beginning in 2013, we initiated a series of restructuring actions to improve the overall cost structure of our ICS segment. These actions included headcount reductions of approximately 500 employees and the transition of certain production lines from one location to another existing lower cost manufacturing site. Payments related to these actions have been substantially completed. In May 2015, we initiated a separate restructuring action designed to further reduce the cost structure of the ICS segment primarily through additional headcount reductions of approximately 100 employees, for which the Company recognized costs of $6.5 during 2015. Payments related to the remaining accrual for this action are expected to be substantially completed in 2016. The following table provides a rollforward of the restructuring accrual associated with the Interconnect Solutions restructuring actions. For the Six Months Ended June 30 2016 2015 Restructuring accruals - beginning balance $ 9.4 $ 17.1 Restructuring costs — 5.3 Cash payments (5.9 ) (7.3 ) Foreign exchange translation — (0.2 ) Restructuring accruals - ending balance $ 3.5 $ 14.9

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES For the three months ended June 30, 2016 and 2015 , the Company recognized income tax expense of $17.5 and $23.5 with an effective tax rate of 35.0% and 14.3% , respectively. For the six months ended June 30, 2016 and 2015 , the Company recognized income tax expense of $29.2 and $41.6 with an effective tax rate of 29.4% and 18.8% , respectively. The higher effective tax rate in 2016 compared to 2015 was due to tax benefits recorded in the second quarter of 2015 for the reduction in a deferred tax liability on foreign earnings which are not considered indefinitely reinvested, releases of valuation allowances and uncertain tax positions. The Company continues to benefit from earnings eligible for a tax holiday in South Korea, as well as a larger mix of earnings in non-U.S. jurisdictions with favorable tax rates. 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 Canada, Germany, Hong Kong, Italy, Mexico, South Korea, the U.S. and Venezuela. The estimated tax liability calculation for unrecognized tax benefits includes dealing with uncertainties in the application of complex tax laws and regulations in various tax jurisdictions. Due to the complexity of some 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 $18 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 existing Tax Matters Agreement with Exelis and Xylem.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2016
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, 2016 and 2015 . Three Months Six Months For the Periods Ended June 30 2016 2015 2016 2015 Basic weighted average common shares outstanding 89.8 89.3 89.7 90.0 Add: Dilutive impact of outstanding equity awards 0.6 0.9 0.7 1.0 Diluted weighted average common shares outstanding 90.4 90.2 90.4 91.0 The following table provides the number of shares underlying stock options excluded from the computation of diluted earnings per share for the three and six months ended June 30, 2016 and 2015 because they were anti-dilutive. Three Months Six Months For the Periods Ended June 30 2016 2015 2016 2015 Anti-dilutive stock options 0.8 0.4 0.7 0.4 Weighted average exercise price per share $ 38.02 $ 42.42 $ 38.74 $ 42.61 Year(s) of expiration 2024 - 2026 2024 - 2025 2024 - 2026 2024 - 2025 In addition, 0.2 of outstanding return on invested capital (ROIC) awards were excluded from the computation of diluted earnings per share for the three and six months ended June 30, 2016 and 2015 respectively, as the necessary performance conditions had not yet been satisfied.

RECEIVABLES, NET

RECEIVABLES, NET	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
RECEIVABLES, NET	RECEIVABLES, NET June 30, December 31, Trade accounts receivable $ 601.4 $ 554.0 Notes receivable 2.5 3.9 Other 37.3 43.1 Receivables, gross 641.2 601.0 Less: Allowance for doubtful accounts (16.1 ) (16.1 ) Receivables, net $ 625.1 $ 584.9

INVENTORIES, NET

INVENTORIES, NET	6 Months Ended
	Jun. 30, 2016
Inventory Disclosure [Abstract]
INVENTORIES, NET	INVENTORIES, NET June 30, December 31, Finished goods $ 49.5 $ 60.9 Work in process 61.0 56.0 Raw materials 170.4 162.9 Inventoried costs related to long-term contracts 44.1 43.0 Total inventory before progress payments 325.0 322.8 Less: Progress payments (25.7 ) (30.1 ) Inventories, net $ 299.3 $ 292.7

OTHER CURRENT AND NON-CURRENT A

OTHER CURRENT AND NON-CURRENT ASSETS	6 Months Ended
	Jun. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER CURRENT AND NON-CURRENT ASSETS	OTHER CURRENT AND NON-CURRENT ASSETS June 30, December 31, Asbestos-related assets $ 74.5 $ 74.5 Short-term investments 20.1 64.9 Prepaid income taxes 26.6 14.3 Other 48.9 50.7 Other current assets $ 170.1 $ 204.4 Other employee benefit-related assets $ 95.1 $ 92.9 Environmental-related assets (a) 34.2 10.8 Capitalized software costs 32.5 28.2 Other 20.1 21.4 Other non-current assets $ 181.9 $ 153.3 (a) Environmental-related assets increased $23.4 primarily related to a settlement agreement and establishment of a Qualified Settlement Fund (QSF), which can be drawn upon to pay certain future environmental expenses associated with environmental remediation sites covered under the settlement agreement. See Note 17 , Commitments and Contingencies, to the Consolidated Condensed Financial Statements for further information on environmental-related matters.

PLANT, PROPERTY AND EQUIPMENT,

PLANT, PROPERTY AND EQUIPMENT, NET	6 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
PLANT, PROPERTY AND EQUIPMENT, NET	PLANT, PROPERTY AND EQUIPMENT, NET June 30, December 31, Land and improvements $ 28.4 $ 25.4 Machinery and equipment 923.8 909.3 Buildings and improvements 244.2 242.0 Furniture, fixtures and office equipment 69.2 66.3 Construction work in progress 32.0 42.3 Other 5.1 6.7 Plant, property and equipment, gross 1,302.7 1,292.0 Less: Accumulated depreciation (864.8 ) (848.5 ) Plant, property and equipment, net $ 437.9 $ 443.5 Depreciation expense of $19.3 and $37.4 and $16.5 and $34.0 was recognized in the three and six months ended June 30, 2016 and 2015 , respectively.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS, NET	6 Months Ended
	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS, NET	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, 2016 by segment. Industrial Process Motion Technologies Interconnect Solutions Control Technologies Total Goodwill - December 31, 2015 $ 312.6 $ 201.0 $ 69.0 $ 195.7 $ 778.3 Adjustments to purchase price allocations — 5.3 — — 5.3 Foreign currency 3.3 0.9 0.1 0.4 4.7 Goodwill - June 30, 2016 $ 315.9 $ 207.2 $ 69.1 $ 196.1 $ 788.3 Other Intangible Assets, Net Information regarding our other intangible assets is as follows: June 30, 2016 December 31, 2015 Gross Carrying Amount Accumulated Amortization Net Intangibles Gross Carrying Amount Accumulated Amortization Net Intangibles Customer relationships $ 158.1 $ (52.9 ) $ 105.2 $ 157.4 $ (45.3 ) $ 112.1 Proprietary technology 53.3 (15.0 ) 38.3 54.9 (12.7 ) 42.2 Patents and other 8.7 (7.5 ) 1.2 8.6 (6.6 ) 2.0 Finite-lived intangible total 220.1 (75.4 ) 144.7 220.9 (64.6 ) 156.3 Indefinite-lived intangibles 27.1 — 27.1 30.9 — 30.9 Other intangible assets $ 247.2 $ (75.4 ) $ 171.8 $ 251.8 $ (64.6 ) $ 187.2 Amortization expense related to finite-lived intangible assets was $4.7 and $10.1 and $3.5 and $5.7 for the three and six months ended June 30, 2016 and 2015 , respectively. During the second quarter of 2016, we recognized an impairment loss of $4.1 , within general and administrative expenses, related to indefinite-lived trade names within our Industrial Process segment. The impairment loss was the result of the challenging economic conditions within the upstream oil and gas market.

ACCRUED AND OTHER CURRENT LIABI

ACCRUED AND OTHER CURRENT LIABILITIES AND OTHER NON-CURRENT LIABILITIES	6 Months Ended
	Jun. 30, 2016
Payables and Accruals [Abstract]
ACCRUED AND OTHER CURRENT LIABILITIES AND OTHER NON-CURRENT LIABILITIES	ACCRUED LIABILITIES AND OTHER NON-CURRENT LIABILITIES June 30, December 31, Compensation and other employee-related benefits $ 117.2 $ 138.6 Asbestos-related liabilities 87.4 88.0 Customer-related liabilities 38.3 38.0 Accrued income taxes and other tax-related liabilities 48.6 30.9 Environmental liabilities and other legal matters 25.1 24.0 Accrued warranty costs 19.7 21.7 Other accrued liabilities 51.0 51.5 Accrued liabilities $ 387.3 $ 392.7 Deferred income taxes and other tax-related accruals $ 40.9 $ 44.5 Environmental liabilities 66.3 72.0 Compensation and other employee-related benefits 37.0 35.6 Other (a) 65.1 37.8 Other non-current liabilities $ 209.3 $ 189.9 (a) Increase primarily driven by deferred income associated with an insurance settlement agreement and establishment of a QSF related to our environmental liability. The deferred income will be reduced as costs for remediation sites covered under the settlement agreement are incurred. See Note 17 , Commitments and Contingencies, to the Consolidated Condensed Financial Statements for further information.

DEBT Debt (Notes)

DEBT Debt (Notes)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Debt [Text Block]	NOTE 13 DEBT June 30, December 31, Commercial paper $ 117.9 $ 94.5 Short-term loans 100.0 150.0 Current maturities of long-term debt and capital leases 1.1 1.2 Short-term loans and current maturities of long-term debt 219.0 245.7 Long-term debt and capital leases 2.4 2.8 Total debt and capital leases $ 221.4 $ 248.5 Commercial Paper Commercial paper outstanding was $117.9 and $94.5 , had an associated weighted average interest rate of 0.93% and 1.04% and maturity terms less than one month from the date of issuance as of June 30, 2016 and December 31, 2015 , respectively. Short-term Loans As of June 30, 2016 and December 31, 2015 , we had $100.0 and $150.0 in outstanding borrowings under our $500 revolving credit facility, respectively, with an associated weighted average interest rate of 1.57% and 1.55% , respectively. Please refer to the Liquidity section within "Item 2. Management's Discussion and Analysis," for additional information on the revolving credit facility as well as our overall funding and liquidity strategy.

POSTRETIREMENT BENEFIT PLANS

POSTRETIREMENT BENEFIT PLANS	6 Months Ended
	Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]
POSTRETIREMENT BENEFIT PLANS	POSTRETIREMENT BENEFIT PLANS The following tables provide 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, 2016 and 2015 . 2016 2015 For the Three Months Ended June 30 Pension Other Benefits Total Pension Other Benefits Total Service cost $ 1.3 $ 0.2 $ 1.5 $ 1.3 $ 0.2 $ 1.5 Interest cost 3.5 1.2 4.7 3.6 1.2 4.8 Expected return on plan assets (5.1 ) (0.1 ) (5.2 ) (5.1 ) (0.2 ) (5.3 ) Amortization of prior service cost (benefit) 0.3 (1.7 ) (1.4 ) 0.2 (2.7 ) (2.5 ) Amortization of net actuarial loss 1.8 1.2 3.0 2.1 1.1 3.2 Total net periodic benefit cost (benefit) $ 1.8 $ 0.8 $ 2.6 $ 2.1 $ (0.4 ) $ 1.7 2016 2015 For the Six Months Ended June 30 Pension Other Total Pension Other Total Service cost $ 2.5 $ 0.4 $ 2.9 $ 2.6 $ 0.4 $ 3.0 Interest cost 6.9 2.4 9.3 7.1 2.4 9.5 Expected return on plan assets (10.1 ) (0.3 ) (10.4 ) (10.2 ) (0.4 ) (10.6 ) Amortization of prior service cost (benefit) 0.5 (3.3 ) (2.8 ) 0.5 (5.5 ) (5.0 ) Amortization of net actuarial loss 3.7 2.4 6.1 4.3 2.2 6.5 Total net periodic benefit cost (benefit) $ 3.5 $ 1.6 $ 5.1 $ 4.3 $ (0.9 ) $ 3.4 We made contributions to our global postretirement plans of $7.4 and $5.2 during the six months ended June 30, 2016 and 2015 , respectively. We expect to make contributions of approximately $5 to $10 during the remainder of 2016 , principally related to our other postretirement employee benefit plans. Amortization from accumulated other comprehensive income into earnings related to prior service cost and net actuarial loss was $1.2 and $2.3 and $0.6 and $1.1 , net of tax, for the three and six months ended June 30, 2016 and June 30, 2015 , respectively. No other reclassifications from accumulated other comprehensive income into earnings were recognized during any of the presented periods.

LONG-TERM INCENTIVE EMPLOYEE CO

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
LONG-TERM INCENTIVE EMPLOYEE COMPENSATION	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, 2016 and 2015 . Three Months Six Months For the Periods Ended June 30 2016 2015 2016 2015 Equity based awards $ 3.0 $ 3.8 $ 5.9 $ 6.9 Liability-based awards 0.3 0.7 0.8 0.9 Total share-based compensation expense $ 3.3 $ 4.5 $ 6.7 $ 7.8 As of June 30, 2016 , there was estimated unrecognized compensation cost of $29.0 related to unvested equity-based awards that is expected to be recognized ratably over a weighted-average period of 2.0 years, and $3.0 related to unvested liability-based awards that are expected to be recognized ratably over a weighted-average period of 2.2 years. Year-to-Date 2016 LTIP Activity The majority of our LTIP activity occurs during the first quarter of each year. During the six months ended June 30, 2016 , we granted the following LTIP awards as provided in the table below: # of Awards Granted Weighted Average Grant Date Fair Value Per Share Non-qualified stock options (NQOs) 0.4 $ 9.16 Restricted stock units (RSUs) 0.3 $ 33.28 Performance stock units (PSUs) 0.2 $ 33.27 The NQOs vest either on the completion of a three-year service period or annually in three equal installments, as determined by employee level, and have a ten-year expiration period. RSUs and PSUs vest on the completion of a three-year service period. During the six months ended June 30, 2016 and 2015 , 0.4 and 0.3 NQOs were exercised resulting in proceeds of $8.8 and $5.3 , respectively. RSUs of 0.3 and 0.2 vested and were issued during the six months ended June 30, 2016 and 2015 , respectively. In addition, PSUs of 0.2 were issued during the six months ended June 30, 2016 that vested on December 31, 2015. The fair value of each NQO grant was estimated on the date of grant using a binomial lattice pricing model that incorporates multiple and variable assumptions over time, including assumptions such as employee exercise patterns, stock price volatility and changes in dividends. The following table details the weighted average assumptions used to measure fair value and the resulting grant date fair value for the first quarter 2016 NQO grants. Dividend yield 1.5% Expected volatility 32.2% Expected life 6.0 years Risk-free rates 1.5% Weighted average grant date fair value per share $9.16

CAPITAL STOCK

CAPITAL STOCK	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
CAPITAL STOCK	CAPITAL STOCK On October 27, 2006, a three-year $1 billion share repurchase program was approved by the Board of Directors (2006 Share Repurchase Program). On December 16, 2008, the provisions of the 2006 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, 2016 and 2015 , we repurchased 0.6 and 2.0 shares of common stock for $20.0 and $80.0 , respectively, under this program. To date, under the 2006 Share Repurchase Program, the Company has repurchased 19.0 shares for $779.3 . On May 16, 2016, we canceled all 15.0 shares in our treasury account. Shares repurchased after May 16, 2016 were canceled following the repurchase. Separate from the 2006 Share Repurchase Program, the Company repurchased 0.2 shares and 0.1 shares for an aggregate price of $7.5 and $3.7 , during the six months ended June 30, 2016 and 2015 , respectively, in settlement of employee tax withholding obligations due upon the vesting of RSUs and PSUs.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	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 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 (f/k/a ITT Corporation) and Goulds Pumps LLC (f/k/a Goulds Pumps, Inc.), have been sued, along with many other legacy 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, 2016 , there were 35 thousand pending claims against ITT subsidiaries, 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: For the Six Months Ended June 30 (in thousands) 2016 Pending claims – Beginning 37 New claims 2 Dismissals (4 ) Pending claims – Ending 35 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 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 uncertainties and variables inherent in the long-term projection of the Company's asbestos exposures, although 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. Income Statement Charges 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, 2016 other than the incremental accrual to maintain a rolling 10-year forecast period. A net asbestos charge of $15.2 and $30.6 was recognized in the three and six months ended June 30, 2016 and $15.9 and $31.3 in the three and six months June 30, 2015 , respectively, to maintain the 10-year forecast period. During the first quarter of 2016, we entered into a settlement agreement with an insurer to settle responsibility for multiple insurance claims, resulting in a benefit of $2.6 . During the second quarter of 2016, ITT entered into a settlement agreement (Settlement) with an insurer to settle responsibility for multiple insurance claims. Under the terms of the Settlement, the insurer agreed to a specified series of payments over the course of the next five years to a Qualified Settlement Fund, resulting in a loss of $4.7 . During the second quarter of 2015, the Company changed its asbestos defense strategy and retained a single firm to defend the Company in all asbestos litigation. This long-term strategy streamlined the Company’s management of cases and significantly reduced defense costs. Our agreement with the defense firm was initially limited to a certain set of claims and the remaining claims were expected to transition within the next four years; however, in connection with the Settlement, ITT was able to transition the remaining claims during the second quarter of 2016. Based on the terms of the agreement, the Company adjusted its asbestos liability and related assets and recognized a net benefit of $4.9 and $100.7 during the three months ended June 30, 2016 and June 30, 2015 for the revised estimate of the cost to defend pending claims and claims expected to be filed over the next 10 years. Changes in Financial Position The following table provides a rollforward of the estimated asbestos liability and related assets for the six months ended June 30, 2016 and 2015. 2016 2015 For the Six Months Ended June 30 Liability Asset Net Liability Asset Net Beginning balance $ 1,042.8 $ 412.0 $ 630.8 $ 1,223.2 $ 476.4 $ 746.8 Asbestos provision 35.4 4.8 30.6 36.6 5.3 31.3 Defense costs adjustment (4.9 ) — (4.9 ) (124.2 ) (23.5 ) (100.7 ) Settlement agreements — (2.1 ) 2.1 — — — Net cash activity (35.3 ) (23.8 ) (11.5 ) (30.4 ) (23.9 ) (6.5 ) Ending balance $ 1,038.0 $ 390.9 $ 647.1 $ 1,105.2 $ 434.3 $ 670.9 Current portion $ 87.4 $ 74.5 $ 105.7 $ 102.4 Noncurrent portion $ 950.6 $ 316.4 $ 999.5 $ 331.9 Environmental 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 and/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 and/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 and/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, 2016 and 2015 . For the Six Months Ended June 30 2016 2015 Environmental liability - beginning balance $ 82.6 $ 89.9 Change in estimates for pre-existing accruals Continuing operations 1.6 1.1 Discontinued operations 0.3 (2.8 ) Net cash activity (7.7 ) (7.2 ) Foreign currency — (0.3 ) Environmental liability - ending balance $ 76.8 $ 80.7 In the fourth quarter of 2015, ITT entered into a settlement agreement with one of our insurance providers whereby the provider agreed to pay the net present value of the remaining limits of the policy amounting to approximately $34.2 . In the first quarter of 2016, the Company received $2.0 in cash and $32.2 was deposited into a QSF which can be drawn upon only to pay certain future environmental expenses associated with remediation sites covered under the policy, including sites owned by a former subsidiary of the Company. The Company recorded $23.0 of deferred income related to the settlement representing the excess of QSF monies over the probable liabilities associated with the covered remediation sites. In addition to the QSF asset, there is a receivable of $2.0 from other third parties for reimbursement of environmental costs, resulting in a total environmental-related asset of $34.2 as of June 30, 2016 . The environmental-related asset as of December 31, 2015 was $12.8 . We are currently involved with 40 active environmental investigation and remediation sites. At June 30, 2016 , we have estimated the potential high-end liability range of environmental-related matters to be $130 . 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 The Company is responding to a civil subpoena from the Department of Defense, Office of the Inspector General, which was issued in the second quarter of 2015 as part of an investigation being led by the Civil Division of the U.S. Department of Justice. The subpoena and related investigation involve certain products manufactured by the Company’s Interconnect Solutions segment that are purchased or used by the U.S. government. The Company is cooperating with the government and is unable to estimate the timing or outcome of this matter.

ACQUISITIONS (Notes)

ACQUISITIONS (Notes)	6 Months Ended
	Jun. 30, 2016
Acquisitions [Abstract]
Business Combination Disclosure [Text Block]	ACQUISITIONS Wolverine Automotive Holdings On October 5, 2015 , we completed the acquisition of Wolverine Automotive Holdings Inc. , the parent company of Wolverine Advanced Materials LLC (Wolverine). Wolverine is a manufacturer of customized technologies for automotive braking systems and specialized sealing solutions for harsh operating environments across a range of industries. The purchase price of $306.8 , net of cash acquired, was funded through a combination of cash and borrowings from our revolving credit facility. Wolverine has approximately 690 employees globally as of June 30, 2016. Wolverine reported 2014 revenues of $154 , including $17 of sales to ITT. The allocation of the purchase price is based on the fair value of assets acquired, liabilities assumed and non-controlling interests in Wolverine as of October 5, 2015. Our assessment of fair value is preliminary, and may be adjusted for information that is currently not available to us, including but not limited to, the valuation of intangible assets, postretirement obligations, environmental liabilities, deferred tax matters, real estate, and residual goodwill. The purchase price allocation presented below represents the effect of recording preliminary estimates for the fair value of assets acquired, liabilities assumed, and non-controlling interests in Wolverine and related deferred income taxes. We expect to obtain the information necessary to finalize the fair value of the net assets acquired at the acquisition date during the measurement period. Changes to the preliminary estimates of the fair value of the net assets acquired during the measurement period will be recorded as adjustments to those assets and liabilities with a corresponding adjustment to goodwill. The goodwill of $166.9 , which has been assigned to the Motion Technologies segment, is not deductible for income tax purposes. Other intangibles acquired include existing customer relationships, proprietary technology, and trade names. Allocation of Purchase Price for Wolverine Cash $ 8.5 Receivables 31.6 Inventory 35.0 Plant, property and equipment 22.8 Goodwill 166.9 Other intangible assets 87.0 Other assets 11.8 Accounts payable and accrued liabilities (21.2 ) Postretirement liabilities (14.6 ) Other liabilities (12.5 ) Net assets acquired $ 315.3 Pro forma results of operations have not been presented because the acquisition was not deemed material at the acquisition date.

DESCRIPTION OF BUSINESS AND B28

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION (Policies)	6 Months Ended
	Jun. 30, 2016
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 energy, transportation, and industrial 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 four segments: Industrial Process, consisting of industrial pumping and complementary equipment; Motion Technologies, consisting of friction and shock and vibration equipment; Interconnect Solutions, consisting of electronic connectors; and Control Technologies, consisting of fluid handling, motion control, and noise and energy absorption products. Financial information for our segments is presented in Note 3, "Segment Information." On May 16, 2016, we consummated a corporate reorganization into a holding company structure. As a result of the reorganization ITT Inc., an Indiana corporation that was previously a wholly owned subsidiary of ITT Corporation, became the publicly traded holding company of ITT Corporation and its subsidiaries and the successor issuer to ITT Corporation under Rule 12g-3(a) under the Securities Exchange Act of 1934 (Exchange Act). As the successor issuer, ITT Inc. common stock was deemed to be registered under Section 12(b) of the Exchange Act and ITT Inc. succeeded to ITT Corporation’s obligation to file reports, proxy statements and other information required by the Exchange Act with the SEC. For additional information regarding the holding company reorganization, please refer to our Current Report on Form 8-K that we filed with the SEC on May 16, 2016. On October 31, 2011, ITT completed the tax-free spin-off of its Defense and Information Solutions business, Exelis Inc. (Exelis), and its water-related business, Xylem Inc. (Xylem) by way of a distribution of all of the issued and outstanding shares of Exelis common stock and Xylem common stock, on a pro rata basis, to ITT shareholders of record on October 17, 2011. This transaction is referred to in this Report as the "2011 spin-off." On May 29, 2015, Harris Corporation acquired Exelis.
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 adjustments (which include normal recurring adjustments) necessary for a fair presentation of the financial position, results of operations, and cash flows for the periods presented. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) have been condensed or omitted pursuant to such SEC rules. We believe that the disclosures made are adequate to make the information presented not misleading. We consistently applied the accounting policies described in ITT's Annual Report on Form 10-K for the year ended December 31, 2015 ( 2015 Annual Report) in preparing these unaudited financial statements. These financial statements should be read in conjunction with the financial statements and notes thereto included in our 2015 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, 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 generally 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.

RECENT ACCOUNTING PRONOUNCEME29

RECENT ACCOUNTING PRONOUNCEMENTS Recent Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2016
Recent Acconting Pronouncements [Abstract]
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	Accounting Pronouncements Not Yet Adopted In March 2016, the Financial Accounting Standards Board (FASB) issued ASU 2016-09 to simplify several aspects of the accounting for employee share-based payment transactions standard, including the classification of excess tax benefits and deficiencies and the accounting for employee forfeitures. The guidance is effective for the Company beginning in the first quarter of 2017. The updates to the accounting standard include the following: • Excess tax benefits and deficiencies will no longer be recognized as a change in additional paid-in-capital in the equity section of the balance sheet, instead they are to be recognized in the income statement as a tax expense or benefit. In the statement of cash flows, excess tax benefits and deficiencies will no longer be classified as a financing activity, instead they will be classified as an operating activity. • Entities will have the option to continue to reduce share-based compensation expense during the vesting period of outstanding awards for estimated future employee forfeitures or they may elect to recognize the impact of forfeitures as they actually occur. • The ASU also provides new guidance to other areas of the standard including minimum statutory tax withholding rules and the calculation of diluted common shares outstanding. The updates are to be applied using a modified retrospective approach as a cumulative adjustment to retained earnings and early adoption is permitted. We have yet to finalize the evaluation of the potential impact of this ASU on our financial statements, however we do not expect these changes to have a material impact. In February 2016, the FASB issued ASU 2016-02 impacting the accounting for leases intended to increase transparency and comparability of organizations by requiring balance sheet presentation of leased assets and increased financial statement disclosure of leasing arrangements. The revised standard will require entities to recognize a liability for its lease obligations and a corresponding asset representing the right to use the underlying asset over the lease term. Lease obligations are to be measured at the present value of lease payments and accounted for using the effective interest method. The accounting for the leased asset will differ slightly depending on whether the agreement is deemed to be a financing or operating lease. For finance leases, the leased asset is depreciated on a straight-line basis and recorded separately from the interest expense in the income statement resulting in higher expense in the earlier part of the lease term. For operating leases, the depreciation and interest expense components are combined, recognized evenly over the term of the lease, and presented as a reduction to operating income. The ASU requires that assets and liabilities be presented or disclosed separately and classified appropriately as current and noncurrent. The ASU further requires additional disclosure of certain qualitative and quantitative information related to lease agreements. The new standard is effective for the Company beginning in the first quarter 2019 and early adoption is permitted. We are currently evaluating the impact of these amendments on our financial statements. In May 2014, the FASB issued ASU 2014-09 amending the existing accounting standards for revenue recognition. The amendments are based on the principle that revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. The new guidance will be effective for the Company beginning in its first quarter of 2018. The amendments may be applied retrospectively to each prior period presented or with the cumulative effect recognized as of the date of initial application. We are currently evaluating the impact of these amendments and the transition alternatives on our financial statements.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Revenue Operating Income (Loss) Operating Margin For the Three Months Ended June 30 2016 2015 2016 2015 2016 2015 Industrial Process $ 214.2 $ 287.5 $ 6.3 $ 41.5 2.9 % 14.4 % Motion Technologies 259.6 184.4 48.9 37.0 18.8 % 20.1 % Interconnect Solutions 78.8 82.7 4.8 (0.8 ) 6.1 % (1.0 )% Control Technologies 74.8 74.5 12.0 12.2 16.0 % 16.4 % Total segment results 627.4 629.1 72.0 89.9 11.5 % 14.3 % Asbestos-related (costs) benefit, net — — (15.0 ) 84.8 — — Eliminations / Other corporate costs (1.2 ) (0.9 ) (7.5 ) (10.2 ) — — Total Eliminations / Corporate and Other costs (1.2 ) (0.9 ) (22.5 ) 74.6 — — Total $ 626.2 $ 628.2 $ 49.5 $ 164.5 7.9 % 26.2 % Revenue Operating Operating Margin For the Six Months Ended June 30 2016 2015 2016 2015 2016 2015 Industrial Process $ 423.0 $ 543.1 $ 15.3 $ 61.9 3.6 % 11.4 % Motion Technologies 516.6 375.6 99.6 78.0 19.3 % 20.8 % Interconnect Solutions 151.2 160.2 6.8 4.0 4.5 % 2.5 % Control Technologies 146.7 140.3 22.4 26.5 15.3 % 18.9 % Total segment results 1,237.5 1,219.2 144.1 170.4 11.7 % 14.0 % Asbestos-related (costs) benefit, net — — (27.8 ) 69.4 — — Eliminations / Other corporate costs (2.2 ) (2.3 ) (15.8 ) (17.4 ) — — Total Eliminations / Corporate and Other costs (2.2 ) (2.3 ) (43.6 ) 52.0 — — Total $ 1,235.3 $ 1,216.9 $ 100.5 $ 222.4 8.1 % 18.3 % Total Assets Capital Expenditures Depreciation & Amortization For the Six Months Ended June 30 2016 2015 (a) 2016 2015 2016 2015 Industrial Process $ 1,071.9 $ 1,097.5 $ 11.2 $ 9.1 $ 14.3 $ 14.2 Motion Technologies 837.3 779.8 29.3 19.9 21.2 13.8 Interconnect Solutions 315.3 303.2 2.5 12.0 6.0 4.7 Control Technologies 380.2 370.6 2.9 3.1 6.4 5.9 Corporate and Other 1,145.6 1,172.5 0.2 1.9 3.2 3.3 Total $ 3,750.3 $ 3,723.6 $ 46.1 $ 46.0 $ 51.1 $ 41.9

RESTRUCTURING ACTIONS RESTRUC31

RESTRUCTURING ACTIONS RESTRUCTURING ACTIONS (Tables)	6 Months Ended
	Jun. 30, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Costs [Table Text Block]	The table below summarizes the restructuring costs presented within general and administrative expenses in our Consolidated Condensed Income Statements for the three and six months ended June 30, 2016 and 2015 . Three Months Six Months For the Periods Ended June 30 2016 2015 2016 2015 Severance costs $ 13.8 $ 6.2 $ 18.9 $ 15.1 Asset write-offs — — 0.2 — Other restructuring costs 0.5 0.5 0.7 0.9 Total restructuring costs $ 14.3 $ 6.7 $ 19.8 $ 16.0 By segment: Industrial Process $ 13.8 $ 1.1 $ 17.0 $ 10.0 Motion Technologies — — 1.4 — Interconnect Solutions — 5.5 — 5.3 Control Technologies — — 0.9 0.5 Corporate and Other 0.5 0.1 0.5 0.2
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	The following table displays a rollforward of the restructuring accruals, presented on our Consolidated Condensed Balance Sheet within accrued liabilities, for the six months ended June 30, 2016 and 2015 . For the Periods Ended June 30 2016 2015 Restructuring accruals - beginning balance $ 20.0 $ 21.9 Restructuring costs 19.8 16.0 Cash payments (15.5 ) (13.1 ) Asset write-offs (0.2 ) — Foreign exchange translation and other 0.1 (0.3 ) Restructuring accrual - ending balance $ 24.2 $ 24.5 By accrual type: Severance accrual $ 23.9 $ 23.3 Facility carrying and other costs accrual 0.3 1.2
2015 Interconnect Solutions Restructuring Actions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Costs [Table Text Block]	Interconnect Solutions Restructuring Actions Beginning in 2013, we initiated a series of restructuring actions to improve the overall cost structure of our ICS segment. These actions included headcount reductions of approximately 500 employees and the transition of certain production lines from one location to another existing lower cost manufacturing site. Payments related to these actions have been substantially completed. In May 2015, we initiated a separate restructuring action designed to further reduce the cost structure of the ICS segment primarily through additional headcount reductions of approximately 100 employees, for which the Company recognized costs of $6.5 during 2015. Payments related to the remaining accrual for this action are expected to be substantially completed in 2016. The following table provides a rollforward of the restructuring accrual associated with the Interconnect Solutions restructuring actions. For the Six Months Ended June 30 2016 2015 Restructuring accruals - beginning balance $ 9.4 $ 17.1 Restructuring costs — 5.3 Cash payments (5.9 ) (7.3 ) Foreign exchange translation — (0.2 ) Restructuring accruals - ending balance $ 3.5 $ 14.9
2015 Industrial Process Restructuring Action [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Costs [Table Text Block]	Industrial Process Restructuring Actions Beginning in early 2015, we have been executing a series of restructuring actions focused on achieving efficiencies and reducing the overall cost structure of the Industrial Process segment. During the first six months of 2016, we continued to progress these objectives and we recognized $17.0 of restructuring costs primarily related to severance for approximately 350 employees. During 2015, we recognized restructuring costs of $12.2 for these actions, with $10.0 recognized during the first half of 2015. Total restructuring costs under these actions through June 30, 2016 are $29.2 mainly related to severance for approximately 550 employees. These actions are expected to be substantially complete during the next six months. However, we will be continuing to monitor and evaluate the need for any additional restructuring actions. The following table provides a rollforward of the restructuring accruals associated with the Industrial Process restructuring actions. For the Six Months Ended June 30 2016 2015 Restructuring accruals - beginning balance $ 4.9 $ — Restructuring costs 17.0 10.0 Cash payments (8.0 ) (2.0 ) Asset write-offs (0.2 ) — Foreign exchange translation 0.3 — Restructuring accruals - ending balance $ 14.0 $ 8.0

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Basic and Diluted Loss Per Share	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, 2016 and 2015 . Three Months Six Months For the Periods Ended June 30 2016 2015 2016 2015 Basic weighted average common shares outstanding 89.8 89.3 89.7 90.0 Add: Dilutive impact of outstanding equity awards 0.6 0.9 0.7 1.0 Diluted weighted average common shares outstanding 90.4 90.2 90.4 91.0
Number of Shares Underlying Stock Options Excluded from the Computation of Diluted Earnings	The following table provides the number of shares underlying stock options excluded from the computation of diluted earnings per share for the three and six months ended June 30, 2016 and 2015 because they were anti-dilutive. Three Months Six Months For the Periods Ended June 30 2016 2015 2016 2015 Anti-dilutive stock options 0.8 0.4 0.7 0.4 Weighted average exercise price per share $ 38.02 $ 42.42 $ 38.74 $ 42.61 Year(s) of expiration 2024 - 2026 2024 - 2025 2024 - 2026 2024 - 2025

RECEIVABLES, NET (Tables)

RECEIVABLES, NET (Tables)	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
RECEIVABLES, NET	June 30, December 31, Trade accounts receivable $ 601.4 $ 554.0 Notes receivable 2.5 3.9 Other 37.3 43.1 Receivables, gross 641.2 601.0 Less: Allowance for doubtful accounts (16.1 ) (16.1 ) Receivables, net $ 625.1 $ 584.9

INVENTORIES, NET (Tables)

INVENTORIES, NET (Tables)	6 Months Ended
	Jun. 30, 2016
Inventory Disclosure [Abstract]
Inventories, Net	June 30, December 31, Finished goods $ 49.5 $ 60.9 Work in process 61.0 56.0 Raw materials 170.4 162.9 Inventoried costs related to long-term contracts 44.1 43.0 Total inventory before progress payments 325.0 322.8 Less: Progress payments (25.7 ) (30.1 ) Inventories, net $ 299.3 $ 292.7

OTHER CURRENT AND NON-CURRENT35

OTHER CURRENT AND NON-CURRENT ASSETS (Tables)	6 Months Ended
	Jun. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Current and Non Current Assets	June 30, December 31, Asbestos-related assets $ 74.5 $ 74.5 Short-term investments 20.1 64.9 Prepaid income taxes 26.6 14.3 Other 48.9 50.7 Other current assets $ 170.1 $ 204.4 Other employee benefit-related assets $ 95.1 $ 92.9 Environmental-related assets (a) 34.2 10.8 Capitalized software costs 32.5 28.2 Other 20.1 21.4 Other non-current assets $ 181.9 $ 153.3 (a) Environmental-related assets increased $23.4 primarily related to a settlement agreement and establishment of a Qualified Settlement Fund (QSF), which can be drawn upon to pay certain future environmental expenses associated with environmental remediation sites covered under the settlement agreement. See Note 17 , Commitments and Contingencies, to the Consolidated Condensed Financial Statements for further information on environmental-related matters.

PLANT, PROPERTY AND EQUIPMENT36

PLANT, PROPERTY AND EQUIPMENT, NET (Tables)	6 Months Ended
	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
Plant, Property and Equipment, Net	June 30, December 31, Land and improvements $ 28.4 $ 25.4 Machinery and equipment 923.8 909.3 Buildings and improvements 244.2 242.0 Furniture, fixtures and office equipment 69.2 66.3 Construction work in progress 32.0 42.3 Other 5.1 6.7 Plant, property and equipment, gross 1,302.7 1,292.0 Less: Accumulated depreciation (864.8 ) (848.5 ) Plant, property and equipment, net $ 437.9 $ 443.5

GOODWILL AND OTHER INTANGIBLE37

GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables)	6 Months Ended
	Jun. 30, 2016
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, 2016 by segment. Industrial Process Motion Technologies Interconnect Solutions Control Technologies Total Goodwill - December 31, 2015 $ 312.6 $ 201.0 $ 69.0 $ 195.7 $ 778.3 Adjustments to purchase price allocations — 5.3 — — 5.3 Foreign currency 3.3 0.9 0.1 0.4 4.7 Goodwill - June 30, 2016 $ 315.9 $ 207.2 $ 69.1 $ 196.1 $ 788.3
Other Intangible Assets	Other Intangible Assets, Net Information regarding our other intangible assets is as follows: June 30, 2016 December 31, 2015 Gross Carrying Amount Accumulated Amortization Net Intangibles Gross Carrying Amount Accumulated Amortization Net Intangibles Customer relationships $ 158.1 $ (52.9 ) $ 105.2 $ 157.4 $ (45.3 ) $ 112.1 Proprietary technology 53.3 (15.0 ) 38.3 54.9 (12.7 ) 42.2 Patents and other 8.7 (7.5 ) 1.2 8.6 (6.6 ) 2.0 Finite-lived intangible total 220.1 (75.4 ) 144.7 220.9 (64.6 ) 156.3 Indefinite-lived intangibles 27.1 — 27.1 30.9 — 30.9 Other intangible assets $ 247.2 $ (75.4 ) $ 171.8 $ 251.8 $ (64.6 ) $ 187.2

ACCRUED AND OTHER CURRENT LIA38

ACCRUED AND OTHER CURRENT LIABILITIES AND OTHER NON-CURRENT LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2016
Payables and Accruals [Abstract]
Accrued Liabilities and Other Non-Current Liabilities	June 30, December 31, Compensation and other employee-related benefits $ 117.2 $ 138.6 Asbestos-related liabilities 87.4 88.0 Customer-related liabilities 38.3 38.0 Accrued income taxes and other tax-related liabilities 48.6 30.9 Environmental liabilities and other legal matters 25.1 24.0 Accrued warranty costs 19.7 21.7 Other accrued liabilities 51.0 51.5 Accrued liabilities $ 387.3 $ 392.7 Deferred income taxes and other tax-related accruals $ 40.9 $ 44.5 Environmental liabilities 66.3 72.0 Compensation and other employee-related benefits 37.0 35.6 Other (a) 65.1 37.8 Other non-current liabilities $ 209.3 $ 189.9 (a) Increase primarily driven by deferred income associated with an insurance settlement agreement and establishment of a QSF related to our environmental liability. The deferred income will be reduced as costs for remediation sites covered under the settlement agreement are incurred. See Note 17 , Commitments and Contingencies, to the Consolidated Condensed Financial Statements for further information.

DEBT Debt (Tables)

DEBT Debt (Tables)	6 Months Ended
	Jun. 30, 2016
Debt [Line Items]
Schedule of Debt [Table Text Block]	June 30, December 31, Commercial paper $ 117.9 $ 94.5 Short-term loans 100.0 150.0 Current maturities of long-term debt and capital leases 1.1 1.2 Short-term loans and current maturities of long-term debt 219.0 245.7 Long-term debt and capital leases 2.4 2.8 Total debt and capital leases $ 221.4 $ 248.5

POSTRETIREMENT BENEFIT PLANS (T

POSTRETIREMENT BENEFIT PLANS (Tables)	6 Months Ended
	Jun. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Net Periodic Benefit Cost of Pension Plans and Other Employee Related Benefit Plans	The following tables provide 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, 2016 and 2015 . 2016 2015 For the Three Months Ended June 30 Pension Other Benefits Total Pension Other Benefits Total Service cost $ 1.3 $ 0.2 $ 1.5 $ 1.3 $ 0.2 $ 1.5 Interest cost 3.5 1.2 4.7 3.6 1.2 4.8 Expected return on plan assets (5.1 ) (0.1 ) (5.2 ) (5.1 ) (0.2 ) (5.3 ) Amortization of prior service cost (benefit) 0.3 (1.7 ) (1.4 ) 0.2 (2.7 ) (2.5 ) Amortization of net actuarial loss 1.8 1.2 3.0 2.1 1.1 3.2 Total net periodic benefit cost (benefit) $ 1.8 $ 0.8 $ 2.6 $ 2.1 $ (0.4 ) $ 1.7 2016 2015 For the Six Months Ended June 30 Pension Other Total Pension Other Total Service cost $ 2.5 $ 0.4 $ 2.9 $ 2.6 $ 0.4 $ 3.0 Interest cost 6.9 2.4 9.3 7.1 2.4 9.5 Expected return on plan assets (10.1 ) (0.3 ) (10.4 ) (10.2 ) (0.4 ) (10.6 ) Amortization of prior service cost (benefit) 0.5 (3.3 ) (2.8 ) 0.5 (5.5 ) (5.0 ) Amortization of net actuarial loss 3.7 2.4 6.1 4.3 2.2 6.5 Total net periodic benefit cost (benefit) $ 3.5 $ 1.6 $ 5.1 $ 4.3 $ (0.9 ) $ 3.4

LONG-TERM INCENTIVE EMPLOYEE 41

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [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, 2016 and 2015 . Three Months Six Months For the Periods Ended June 30 2016 2015 2016 2015 Equity based awards $ 3.0 $ 3.8 $ 5.9 $ 6.9 Liability-based awards 0.3 0.7 0.8 0.9 Total share-based compensation expense $ 3.3 $ 4.5 $ 6.7 $ 7.8
Summary of Long-Term Incentive Plan Award Grants during year	# of Awards Granted Weighted Average Grant Date Fair Value Per Share Non-qualified stock options (NQOs) 0.4 $ 9.16 Restricted stock units (RSUs) 0.3 $ 33.28 Performance stock units (PSUs) 0.2 $ 33.27
Weighted Average Grant Date Fair Value Assumptions for NQOs	The fair value of each NQO grant was estimated on the date of grant using a binomial lattice pricing model that incorporates multiple and variable assumptions over time, including assumptions such as employee exercise patterns, stock price volatility and changes in dividends. The following table details the weighted average assumptions used to measure fair value and the resulting grant date fair value for the first quarter 2016 NQO grants. Dividend yield 1.5% Expected volatility 32.2% Expected life 6.0 years Risk-free rates 1.5% Weighted average grant date fair value per share $9.16

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Product Liability Contingencies [Table Text Block]	As of June 30, 2016 , there were 35 thousand pending claims against ITT subsidiaries, 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: For the Six Months Ended June 30 (in thousands) 2016 Pending claims – Beginning 37 New claims 2 Dismissals (4 ) Pending claims – Ending 35
Roll Forward of Asbestos Liability and Related Assets	Changes in Financial Position The following table provides a rollforward of the estimated asbestos liability and related assets for the six months ended June 30, 2016 and 2015. 2016 2015 For the Six Months Ended June 30 Liability Asset Net Liability Asset Net Beginning balance $ 1,042.8 $ 412.0 $ 630.8 $ 1,223.2 $ 476.4 $ 746.8 Asbestos provision 35.4 4.8 30.6 36.6 5.3 31.3 Defense costs adjustment (4.9 ) — (4.9 ) (124.2 ) (23.5 ) (100.7 ) Settlement agreements — (2.1 ) 2.1 — — — Net cash activity (35.3 ) (23.8 ) (11.5 ) (30.4 ) (23.9 ) (6.5 ) Ending balance $ 1,038.0 $ 390.9 $ 647.1 $ 1,105.2 $ 434.3 $ 670.9 Current portion $ 87.4 $ 74.5 $ 105.7 $ 102.4 Noncurrent portion $ 950.6 $ 316.4 $ 999.5 $ 331.9
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, 2016 and 2015 . For the Six Months Ended June 30 2016 2015 Environmental liability - beginning balance $ 82.6 $ 89.9 Change in estimates for pre-existing accruals Continuing operations 1.6 1.1 Discontinued operations 0.3 (2.8 ) Net cash activity (7.7 ) (7.2 ) Foreign currency — (0.3 ) Environmental liability - ending balance $ 76.8 $ 80.7

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	6 Months Ended
	Jun. 30, 2016
Wolverine Advanced Materials Acquisition [Member]
Business Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	Allocation of Purchase Price for Wolverine Cash $ 8.5 Receivables 31.6 Inventory 35.0 Plant, property and equipment 22.8 Goodwill 166.9 Other intangible assets 87.0 Other assets 11.8 Accounts payable and accrued liabilities (21.2 ) Postretirement liabilities (14.6 ) Other liabilities (12.5 ) Net assets acquired $ 315.3

SEGMENT INFORMATION - Schedule

SEGMENT INFORMATION - Schedule of Segment Reporting Information by Segment Revenue (Detail) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)Segment	Jun. 30, 2015USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments | Segment			4
Revenue	$ 626.2	$ 628.2	$ 1,235.3	$ 1,216.9
Operating Income	$ 49.5	$ 164.5	$ 100.5	$ 222.4
Operating Margin	7.90%	26.20%	8.10%	18.30%
Total Segment Results [Member]
Segment Reporting Information [Line Items]
Revenue	$ 627.4	$ 629.1	$ 1,237.5	$ 1,219.2
Operating Income	$ 72	$ 89.9	$ 144.1	$ 170.4
Operating Margin	11.50%	14.30%	11.70%	14.00%
Industrial Process [Member]
Segment Reporting Information [Line Items]
Revenue	$ 214.2	$ 287.5	$ 423	$ 543.1
Operating Income	$ 6.3	$ 41.5	$ 15.3	$ 61.9
Operating Margin	2.90%	14.40%	3.60%	11.40%
Motion Technologies [Member]
Segment Reporting Information [Line Items]
Revenue	$ 259.6	$ 184.4	$ 516.6	$ 375.6
Operating Income	$ 48.9	$ 37	$ 99.6	$ 78
Operating Margin	18.80%	20.10%	19.30%	20.80%
Interconnect Solutions [Member]
Segment Reporting Information [Line Items]
Revenue	$ 78.8	$ 82.7	$ 151.2	$ 160.2
Operating Income	$ 4.8	$ (0.8)	$ 6.8	$ 4
Operating Margin	6.10%	(1.00%)	4.50%	2.50%
Control Technologies [Member]
Segment Reporting Information [Line Items]
Revenue	$ 74.8	$ 74.5	$ 146.7	$ 140.3
Operating Income	$ 12	$ 12.2	$ 22.4	$ 26.5
Operating Margin	16.00%	16.40%	15.30%	18.90%
Total Eliminations / Corporate and Other costs
Segment Reporting Information [Line Items]
Revenue	$ (1.2)	$ (0.9)	$ (2.2)	$ (2.3)
Operating Income	$ (22.5)	$ 74.6	$ (43.6)	$ 52
Operating Margin	0.00%	0.00%	0.00%	0.00%
Asbestos-related costs, net
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 0	$ 0	$ 0
Operating Income	$ (15)	$ 84.8	$ (27.8)	$ 69.4
Operating Margin	0.00%	0.00%	0.00%	0.00%
Eliminations / Other corporate costs
Segment Reporting Information [Line Items]
Revenue	$ (1.2)	$ (0.9)	$ (2.2)	$ (2.3)
Operating Income	$ (7.5)	$ (10.2)	$ (15.8)	$ (17.4)
Operating Margin	0.00%	0.00%	0.00%	0.00%

SEGMENT INFORMATION - Schedul45

SEGMENT INFORMATION - Schedule of Segment Reporting Information by Segment Assets (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	[1]
Segment Reporting Information [Line Items]
Total Assets	$ 3,750.3		$ 3,723.6
Capital Expenditures	46.1	$ 46
Depreciation & Amortization	51.1	41.9
Industrial Process [Member]
Segment Reporting Information [Line Items]
Total Assets	1,071.9		1,097.5
Capital Expenditures	11.2	9.1
Depreciation & Amortization	14.3	14.2
Motion Technologies [Member]
Segment Reporting Information [Line Items]
Total Assets	837.3		779.8
Capital Expenditures	29.3	19.9
Depreciation & Amortization	21.2	13.8
Interconnect Solutions [Member]
Segment Reporting Information [Line Items]
Total Assets	315.3		303.2
Capital Expenditures	2.5	12
Depreciation & Amortization	6	4.7
Control Technologies [Member]
Segment Reporting Information [Line Items]
Total Assets	380.2		370.6
Capital Expenditures	2.9	3.1
Depreciation & Amortization	6.4	5.9
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Total Assets	1,145.6		$ 1,172.5
Capital Expenditures	0.2	1.9
Depreciation & Amortization	$ 3.2	$ 3.3
[1]	Amounts reflect balances as of December 31, 2015.

RESTRUCTURING ACTIONS Restruc46

RESTRUCTURING ACTIONS Restructuring Costs (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 14.3	$ 6.7	$ 19.8	$ 16
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	13.8	6.2	18.9	15.1
Restructuring Asset Write-Off [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0	0	0.2	0
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0.5	0.5	0.7	0.9
Industrial Process [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	13.8	1.1	17	10
Motion Technologies [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0	0	1.4	0
Interconnect Solutions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0	5.5	0	5.3
Control Technologies [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0	0	0.9	0.5
Corporate and Other [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 0.5	$ 0.1	$ 0.5	$ 0.2

RESTRUCTURING ACTIONS Restruc47

RESTRUCTURING ACTIONS Restructuring Accrual Rollforward (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended	18 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Jun. 30, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Beginning Balance			$ 20	$ 21.9	$ 21.9	$ 21.9
Restructuring costs	$ 14.3	$ 6.7	19.8	16
Payments for Restructuring			(15.5)	(13.1)
Asset Write-Offs			(0.2)	0
Restructuring Reserve, Translation Adjustment			0.1	(0.3)
Restructuring Reserve - Ending Balance	24.2	24.5	24.2	24.5	20	24.2
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	13.8	6.2	18.9	15.1
Restructuring Reserve - Ending Balance	23.9	23.3	23.9	23.3		23.9
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0.5	0.5	0.7	0.9
Restructuring Reserve - Ending Balance	0.3	1.2	0.3	1.2		0.3
Industrial Process [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	13.8	1.1	17	10
Interconnect Solutions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0	5.5	0	5.3
2015 Industrial Process Restructuring Action [Member] | Industrial Process [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Beginning Balance			4.9	0	0	0
Restructuring costs			17	10	12.2	29.2
Payments for Restructuring			(8)	(2)
Asset Write-Offs			(0.2)	0
Restructuring Reserve, Translation Adjustment			0.3	0
Restructuring Reserve - Ending Balance	14	8	14	8	4.9	14
2015 Interconnect Solutions Restructuring Actions [Member] | Interconnect Solutions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Beginning Balance			9.4	17.1	17.1	17.1
Restructuring costs			0	5.3	6.5
Payments for Restructuring			(5.9)	(7.3)
Restructuring Reserve, Translation Adjustment			0	(0.2)
Restructuring Reserve - Ending Balance	$ 3.5	$ 14.9	$ 3.5	$ 14.9	$ 9.4	$ 3.5

RESTRUCTURING ACTIONS Restruc48

RESTRUCTURING ACTIONS Restructuring Textuals (Details) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended	18 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)Employees	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)Employees	Jun. 30, 2016USD ($)Employees	Dec. 31, 2014USD ($)
Restructuring Cost and Reserve [Line Items]
Payments for Restructuring			$ 15.5	$ 13.1
Accrued restructuring	$ 24.2	$ 24.5	24.2	24.5	$ 20	$ 24.2	$ 21.9
Restructuring costs	14.3	6.7	19.8	16
Industrial Process [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	13.8	1.1	17	10
Interconnect Solutions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0	5.5	0	5.3
2015 Interconnect Solutions Restructuring Actions [Member] | Interconnect Solutions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated | Employees					100
Payments for Restructuring			5.9	7.3
Accrued restructuring	3.5	14.9	3.5	14.9	$ 9.4	$ 3.5	17.1
Restructuring costs			$ 0	5.3	6.5
2015 Industrial Process Restructuring Action [Member] | Industrial Process [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated | Employees			350			550
Payments for Restructuring			$ 8	2
Accrued restructuring	$ 14	$ 8	14	8	4.9	$ 14	$ 0
Restructuring costs			$ 17	$ 10	$ 12.2	$ 29.2

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income tax expense	$ 17.5	$ 23.5	$ 29.2	$ 41.6
Effective income tax rate	35.00%	14.30%	29.40%	18.80%
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ 18		$ 18

EARNINGS PER SHARE DATA - Basic

EARNINGS PER SHARE DATA - Basic and Diluted Loss Per Share (Detail) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share [Abstract]
Weighted average common shares – basic	89.8	89.3	89.7	90
Add: Dilutive impact of outstanding equity awards	0.6	0.9	0.7	1
Diluted weighted average common shares outstanding	90.4	90.2	90.4	91

EARNINGS PER SHARE DATA - Numbe

EARNINGS PER SHARE DATA - Number of Shares Underlying Stock Options Excluded from the Computation of Diluted Earnings (Loss) (Detail) - $ / shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of ROIC Awards Excluded from Diluted Shares Outstanding			0.2	0.2
Anti-dilutive stock options	0.8	0.4	0.7	0.4
Average exercise price	$ 38.02	$ 42.42	$ 38.74	$ 42.61
Minimum [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Years of expiration			2,024	2,024
Maximum [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Years of expiration			2,026	2,025

RECEIVABLES, NET - (Detail)

RECEIVABLES, NET - (Detail) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade accounts receivable	$ 601.4	$ 554
Notes receivable	2.5	3.9
Other	37.3	43.1
Receivables, gross	641.2	601
Less: Allowance for doubtful accounts	(16.1)	(16.1)
Receivables, net	$ 625.1	$ 584.9

INVENTORIES, NET - Components o

INVENTORIES, NET - Components of Inventories, Net (Detail) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Finished goods	$ 49.5	$ 60.9
Work in process	61	56
Raw materials	170.4	162.9
Inventoried costs related to long-term contracts	44.1	43
Total inventory before progress payments	325	322.8
Less: Progress payments	(25.7)	(30.1)
Inventories, net	$ 299.3	$ 292.7

OTHER CURRENT AND NON-CURRENT54

OTHER CURRENT AND NON-CURRENT ASSETS - Components of Other Current and Non-Current Assets (Detail) - USD ($) $ in Millions		Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Asbestos-related assets		$ 74.5	$ 74.5	$ 102.4
Short-term investments		20.1	64.9
Prepaid income taxes		26.6	14.3
Other		48.9	50.7
Other current assets		170.1	204.4
Other employee benefit-related assets		95.1	92.9
Environmental-related assets(a)	[1]	34.2	10.8
Capitalized software costs		32.5	28.2
Other		20.1	21.4
Other non-current assets		$ 181.9	$ 153.3
[1]	(a)Environmental-related assets increased $23.4 primarily related to a settlement agreement and establishment of a Qualified Settlement Fund (QSF), which can be drawn upon to pay certain future environmental expenses associated with environmental remediation sites covered under the settlement agreement. See Note 17, Commitments and Contingencies, to the Consolidated Condensed Financial Statements for further information on environmental-related matters.

PLANT, PROPERTY AND EQUIPMENT55

PLANT, PROPERTY AND EQUIPMENT, NET - Components of Plant, Property and Equipment, Net (Detail) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Land and improvements	$ 28.4	$ 25.4
Machinery and equipment	923.8	909.3
Buildings and improvements	244.2	242
Furniture, fixtures and office equipment	69.2	66.3
Construction work in progress	32	42.3
Other	5.1	6.7
Plant, property and equipment, gross	1,302.7	1,292
Less: Accumulated depreciation	(864.8)	(848.5)
Plant, property and equipment, net	$ 437.9	$ 443.5

PLANT, PROPERTY AND EQUIPMENT56

PLANT, PROPERTY AND EQUIPMENT, NET - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 19.3	$ 16.5	$ 37.4	$ 34

GOODWILL AND OTHER INTANGIBLE57

GOODWILL AND OTHER INTANGIBLE ASSETS, NET - Changes in the Carrying Amount of Goodwill (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2016USD ($)
Goodwill [Roll Forward]
Goodwill - Beginning Balance	$ 778.3
Adjustments to Purchase Price Allocations	5.3
Foreign currency	4.7
Goodwill - Ending Balance	788.3
Industrial Process [Member]
Goodwill [Roll Forward]
Goodwill - Beginning Balance	312.6
Adjustments to Purchase Price Allocations	0
Foreign currency	3.3
Goodwill - Ending Balance	315.9
Motion Technologies [Member]
Goodwill [Roll Forward]
Goodwill - Beginning Balance	201
Adjustments to Purchase Price Allocations	5.3
Foreign currency	0.9
Goodwill - Ending Balance	207.2
Interconnect Solutions [Member]
Goodwill [Roll Forward]
Goodwill - Beginning Balance	69
Adjustments to Purchase Price Allocations	0
Foreign currency	0.1
Goodwill - Ending Balance	69.1
Control Technologies [Member]
Goodwill [Roll Forward]
Goodwill - Beginning Balance	195.7
Adjustments to Purchase Price Allocations	0
Foreign currency	0.4
Goodwill - Ending Balance	$ 196.1

GOODWILL AND OTHER INTANGIBLE58

GOODWILL AND OTHER INTANGIBLE ASSETS, NET Other Intangible Assets (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 220.1		$ 220.1		$ 220.9
Indefinite-lived intangible assets, Gross/Net Carrying Amount	27.1		27.1		30.9
Other Intangible Assets, Gross Carrying Amount	247.2		247.2		251.8
Accumulated Amortization	(75.4)		(75.4)		(64.6)
Finite-live intangible asset, net of accumulated amortization	144.7		144.7		156.3
Other intangible assets, net	171.8		171.8		187.2
Amortization of Intangible Assets	4.7	$ 3.5	10.1	$ 5.7
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	4.1
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Customer Relationships, Gross Carrying Amount	158.1		158.1		157.4
Accumulated Amortization	(52.9)		(52.9)		(45.3)
Finite-live intangible asset, net of accumulated amortization	105.2		105.2		112.1
Proprietary Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Proprietary Technology, Gross Carrying Amount	53.3		53.3		54.9
Accumulated Amortization	(15)		(15)		(12.7)
Finite-live intangible asset, net of accumulated amortization	38.3		38.3		42.2
Patents and other [Member]
Finite-Lived Intangible Assets [Line Items]
Patents and Other, Gross Carrying Amount	8.7		8.7		8.6
Accumulated Amortization	(7.5)		(7.5)		(6.6)
Finite-live intangible asset, net of accumulated amortization	$ 1.2		$ 1.2		$ 2

ACCRUED AND OTHER CURRENT LIA59

ACCRUED AND OTHER CURRENT LIABILITIES AND OTHER NON-CURRENT LIABILITIES - (Detail) - USD ($) $ in Millions		Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015
Payables and Accruals [Abstract]
Compensation and other employee-related benefits		$ 117.2	$ 138.6
Asbestos-related liabilities		87.4	88	$ 105.7
Customer-related liabilities		38.3	38
Accrued income taxes and other tax-related liabilities		48.6	30.9
Environmental liabilities and other legal matters		25.1	24
Accrued warranty costs		19.7	21.7
Other accrued liabilities		51	51.5
Accrued liabilities		387.3	392.7
Deferred income taxes and other tax-related accruals		40.9	44.5
Environmental liabilities		66.3	72
Compensation and other employee-related benefits		37	35.6
Other(a)	[1]	65.1	37.8
Other non-current liabilities		$ 209.3	$ 189.9
[1]	(a)Increase primarily driven by deferred income associated with an insurance settlement agreement and establishment of a QSF related to our environmental liability. The deferred income will be reduced as costs for remediation sites covered under the settlement agreement are incurred. See Note 17, Commitments and Contingencies, to the Consolidated Condensed Financial Statements for further information.

DEBT Debt (Details)

DEBT Debt (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Debt [Line Items]
Commercial paper	$ 117.9	$ 94.5
Short-term loans	100	150
Current maturities of long-term debt and capital leases	1.1	1.2
Short-term loans and current maturities of long-term debt	219	245.7
Long-term debt and capital leases	2.4	2.8
Total debt and capital leases	$ 221.4	$ 248.5
Commercial Paper [Member]
Debt [Line Items]
Weighted Average Interest Rate	0.93%	1.04%
Line of Credit [Member]
Debt [Line Items]
Weighted Average Interest Rate	1.57%	1.55%

POSTRETIREMENT BENEFIT PLANS -

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, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1.5	$ 1.5	$ 2.9	$ 3
Interest cost	4.7	4.8	9.3	9.5
Expected return on plan assets	(5.2)	(5.3)	(10.4)	(10.6)
Amortization of prior service cost (benefit)	(1.4)	(2.5)	(2.8)	(5)
Amortization of net actuarial loss	3	3.2	6.1	6.5
Total net periodic benefit cost (benefit)	2.6	1.7	5.1	3.4
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	1.3	1.3	2.5	2.6
Interest cost	3.5	3.6	6.9	7.1
Expected return on plan assets	(5.1)	(5.1)	(10.1)	(10.2)
Amortization of prior service cost (benefit)	0.3	0.2	0.5	0.5
Amortization of net actuarial loss	1.8	2.1	3.7	4.3
Total net periodic benefit cost (benefit)	1.8	2.1	3.5	4.3
Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.2	0.2	0.4	0.4
Interest cost	1.2	1.2	2.4	2.4
Expected return on plan assets	(0.1)	(0.2)	(0.3)	(0.4)
Amortization of prior service cost (benefit)	(1.7)	(2.7)	(3.3)	(5.5)
Amortization of net actuarial loss	1.2	1.1	2.4	2.2
Total net periodic benefit cost (benefit)	$ 0.8	$ (0.4)	$ 1.6	$ (0.9)

POSTRETIREMENT BENEFIT PLANS Po

POSTRETIREMENT BENEFIT PLANS Postretirement Textuals (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Defined Benefit Plan, Contributions by Employer			$ 7.4	$ 5.2
Reclassification of Postretirement Costs from AOCI, Net of Tax	$ 1.2	$ 0.6	2.3	$ 1.1
Minimum [Member]
Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year			5
Maximum [Member]
Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year			$ 10

LONG-TERM INCENTIVE EMPLOYEE 63

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION - Employee Compensation Costs (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based compensation expense, equity-based awards	$ 3	$ 3.8	$ 5.9	$ 6.9
Share-based compensation expense, liability-based awards	0.3	0.7	0.8	0.9
Total share-based compensation expense in operating income (loss)	$ 3.3	$ 4.5	$ 6.7	$ 7.8

LONG-TERM INCENTIVE EMPLOYEE 64

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION - Additional Information (Detail) - USD ($) shares in Millions, $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date	10 years
Stock options exercised		0.4	0.3
Proceeds from the exercise of stock options		$ 8.8	$ 5.3
Restricted stock vested during period		0.3	0.2
Equity Based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost not yet recognized	$ 29	$ 29
Unrecognized compensation cost weighted-average period		2 years 3 days
Liability Based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost not yet recognized	$ 3	$ 3
Unrecognized compensation cost weighted-average period		2 years 1 month 27 days
Performance Stock Unit [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock vested during period		0.2

LONG-TERM INCENTIVE EMPLOYEE 65

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION - Summary of Long-Term Incentive Plan Awards (Detail) shares in Millions	6 Months Ended
	Jun. 30, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant Date Fair Value	$ 9.16
NQOs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Awards Granted | shares	0.4
Grant Date Fair Value	$ 9.16
Restricted Stock Unit [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Awards Granted | shares	0.3
Grant Date Fair Value	$ 33.28
PSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Awards Granted | shares	0.2
Grant Date Fair Value	$ 33.27

LONG-TERM INCENTIVE EMPLOYEE 66

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION - Weighted Average Assumptions (Detail)	6 Months Ended
	Jun. 30, 2016$ / shares
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Dividend yield	1.50%
Expected volatility	32.20%
Expected life (in years)	6 years 13 days
Risk-free rates	1.50%
Grant Date Fair Value	$ 9.16

CAPITAL STOCK - Additional Info

CAPITAL STOCK - Additional Information (Detail) - USD ($) shares in Millions, $ in Millions	3 Months Ended	6 Months Ended		116 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016
Equity, Class of Treasury Stock [Line Items]
Share repurchase program	$ 1,000	$ 1,000		$ 1,000
Repurchase of shares of common stock		0.6	2
Aggregate cost of repurchase		$ 20	$ 80
Treasury Stock, Shares, Retired	15
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		$ 7.5	$ 3.7
2006 Share Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchase of shares of common stock				19
Aggregate cost of repurchase				$ 779.3

COMMITMENTS AND CONTINGENCIES R

COMMITMENTS AND CONTINGENCIES Rollforward of Asbestos Claims (Detail) - Asbestos Issue [Member] Claim in Thousands	6 Months Ended
	Jun. 30, 2016Claim
Asbestos Claims [Rollforward]
Pending claims – Beginning	37
New claims	2
Dismissals	(4)
Pending claims – Ending	35
Active [Member]
Asbestos Claims [Rollforward]
Pending claims – Ending	35

COMMITMENTS AND CONTINGENCIES A

COMMITMENTS AND CONTINGENCIES Asbestos Related Expenses (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Asbestos Related Contingencies [Line Items]
Asbestos Related Costs (Benefit), Provision to Maintain 10-Year Forecast Period	$ 15.2		$ 15.9	$ 30.6	$ 31.3
Loss (Gain) From Asbestos Insurance Settlement Agreement	$ 4.7	$ (2.6)		2.1	0
Liability [Member]
Asbestos Related Contingencies [Line Items]
Asbestos Related Costs (Benefit), Provision to Maintain 10-Year Forecast Period				35.4	36.6
Loss (Gain) From Asbestos Insurance Settlement Agreement				0	0
Assets [Member]
Asbestos Related Contingencies [Line Items]
Asbestos Related Costs (Benefit), Provision to Maintain 10-Year Forecast Period				(4.8)	(5.3)
Loss (Gain) From Asbestos Insurance Settlement Agreement				$ 2.1	$ 0

COMMITMENTS AND CONTINGENCIES70

COMMITMENTS AND CONTINGENCIES Roll Forward of Asbestos Liability and Related Assets (Detail) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Net Asbestos Liability Rollforward [Line Items]
Asbestos Liability And Related Assets Net Current And Noncurrent - Beginning		$ (630.8)		$ (630.8)	$ (746.8)
Asbestos Related Costs (Benefit), Provision to Maintain 10-Year Forecast Period	$ (15.2)		$ (15.9)	(30.6)	(31.3)
Change in Defense Cost Estimate for Asbestos Matters				4.9	100.7
Loss (Gain) From Asbestos Insurance Settlement Agreement	(4.7)	2.6		(2.1)	0
Increase Decrease Net Cash Activity				11.5	6.5
Asbestos Liability And Related Assets Net Current And Noncurrent - Ending	(647.1)		(670.9)	(647.1)	(670.9)
Asbestos-related liabilities Current	87.4		105.7	87.4	105.7	$ 88
Asbestos-related liabilities Non-Current	950.6		999.5	950.6	999.5	954.8
Asbestos-related assets Current	74.5		102.4	74.5	102.4	74.5
Asbestos-related assets Non-Current	316.4		331.9	316.4	331.9	$ 337.5
Liability [Member]
Net Asbestos Liability Rollforward [Line Items]
Asbestos Liability And Related Assets Net Current And Noncurrent - Beginning		(1,042.8)		(1,042.8)	(1,223.2)
Asbestos Related Costs (Benefit), Provision to Maintain 10-Year Forecast Period				(35.4)	(36.6)
Change in Defense Cost Estimate for Asbestos Matters				4.9	124.2
Loss (Gain) From Asbestos Insurance Settlement Agreement				0	0
Increase Decrease Net Cash Activity				35.3	30.4
Asbestos Liability And Related Assets Net Current And Noncurrent - Ending	(1,038)		(1,105.2)	(1,038)	(1,105.2)
Assets [Member]
Net Asbestos Liability Rollforward [Line Items]
Asbestos Liability And Related Assets Net Current And Noncurrent - Beginning		$ 412		412	476.4
Asbestos Related Costs (Benefit), Provision to Maintain 10-Year Forecast Period				4.8	5.3
Change in Defense Cost Estimate for Asbestos Matters				0	(23.5)
Loss (Gain) From Asbestos Insurance Settlement Agreement				(2.1)	0
Increase Decrease Net Cash Activity				(23.8)	(23.9)
Asbestos Liability And Related Assets Net Current And Noncurrent - Ending	$ 390.9		$ 434.3	$ 390.9	$ 434.3

COMMITMENTS AND CONTINGENCIES71

COMMITMENTS AND CONTINGENCIES Asbestos Matters Textuals (Details) Claim in Thousands, $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2016USD ($)Claim	Mar. 31, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)Claim	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)Claim	Dec. 31, 2014USD ($)
Asbestos Related Contingencies [Line Items]
Asbestos Liability Measurement Periods for Claims Pending and Estimated to be Filed				10 years
Asbestos Related Costs (Benefit), Provision to Maintain 10-Year Forecast Period	$ 15.2		$ 15.9	$ 30.6	$ 31.3
Loss (Gain) From Asbestos Insurance Settlement Agreement	(4.7)	$ 2.6		(2.1)	0
Change in Defense Cost Estimate for Asbestos Matters				(4.9)	(100.7)
Asbestos Liability And Related Assets Net Current And Noncurrent	$ 647.1		670.9	$ 647.1	670.9	$ 630.8	$ 746.8
Asbestos Issue [Member]
Asbestos Related Contingencies [Line Items]
Pending Asbestos Claims | Claim	35			35		37
Asbestos Issue [Member] | Active [Member]
Asbestos Related Contingencies [Line Items]
Pending Asbestos Claims | Claim	35			35
Liability [Member]
Asbestos Related Contingencies [Line Items]
Asbestos Related Costs (Benefit), Provision to Maintain 10-Year Forecast Period				$ 35.4	36.6
Loss (Gain) From Asbestos Insurance Settlement Agreement				0	0
Change in Defense Cost Estimate for Asbestos Matters				(4.9)	(124.2)
Asbestos Liability And Related Assets Net Current And Noncurrent	$ 1,038		1,105.2	1,038	1,105.2	$ 1,042.8	1,223.2
Assets [Member]
Asbestos Related Contingencies [Line Items]
Asbestos Related Costs (Benefit), Provision to Maintain 10-Year Forecast Period				(4.8)	(5.3)
Loss (Gain) From Asbestos Insurance Settlement Agreement				(2.1)	0
Change in Defense Cost Estimate for Asbestos Matters				0	23.5
Asbestos Liability And Related Assets Net Current And Noncurrent	$ (390.9)		$ (434.3)	$ (390.9)	$ (434.3)	$ (412)	$ (476.4)

COMMITMENTS AND CONTINGENCIES72

COMMITMENTS AND CONTINGENCIES Rollforward of Environmental Liability and Related Assets (Detail) - Liability [Member] - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Loss Contingency Accrual [Roll Forward]
Environmental liability - Beginning balance	$ 82.6	$ 89.9
Net Cash Activity	(7.7)	(7.2)
Foreign exchange translation	0	(0.3)
Environmental liability - Ending balance	76.8	80.7
Continuing Operations [Member]
Loss Contingency Accrual [Roll Forward]
Changes In Pre-Existing Environmental Accruals	1.6	1.1
Discontinued Operations [Member]
Loss Contingency Accrual [Roll Forward]
Changes In Pre-Existing Environmental Accruals	$ 0.3	$ (2.8)

COMMITMENTS AND CONTINGENCIES73

COMMITMENTS AND CONTINGENCIES Range of Environmental Liability and Number of Active Sites (Details) $ in Millions	3 Months Ended	6 Months Ended
	Dec. 31, 2015USD ($)	Jun. 30, 2016USD ($)site
Site Contingency [Line Items]
Environmental-Related Receivable from Other Third Parties		$ 2
Recorded Third-Party Environmental Recoveries Receivable	$ 12.8	34.2
Environmental Related Matters [Member]
Site Contingency [Line Items]
Settlement Agreement with Insurer, Total Amount Received	$ 34.2
Settlement Agreement with Insurer, Amount Received in Cash		2
Settlement Agreement with Insurer, Amount Deposited in Qualified Settlement Fund		32.2
Settlement Agreement with Insurer, Deferred Income		$ 23
Number Of Active Environmental Investigation And Remediation Sites | site		40
Loss Contingency, Range of Possible Loss, Maximum		$ 130

ACQUISITIONS (Details)

ACQUISITIONS (Details) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Goodwill	$ 788.3	$ 778.3
Wolverine Advanced Materials Acquisition [Member]
Business Acquisition [Line Items]
Cash	8.5
Receivables	31.6
Inventory	35
Plant, property and equipment	22.8
Goodwill	166.9
Other intangible assets	87
Other assets	11.8
Accounts payable and accrued liabilities	(21.2)
Postretirement liabilities	14.6
Other liabilities	(12.5)
Net assets acquired	$ 315.3

ACQUISITIONS Acquisitions Textu

ACQUISITIONS Acquisitions Textuals (Details) $ in Millions	Oct. 05, 2015	Jun. 30, 2016USD ($)Employees	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)Employees	Dec. 31, 2014USD ($)	Dec. 31, 2015USD ($)
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired		$ 0.2	$ 53.5
Goodwill		$ 788.3		$ 788.3		$ 778.3
Wolverine Advanced Materials Acquisition [Member]
Business Acquisition [Line Items]
Business Acquisition, Effective Date of Acquisition	Oct. 5, 2015
Business Acquisition, Name of Acquired Entity	Wolverine Automotive Holdings Inc.
Payments to Acquire Businesses, Net of Cash Acquired				$ 306.8
Number of Employees at Acquired Entity | Employees		690		690
Revenue of Acquired Entity for Last Annual Period					$ 154
Revenue of Acquired Entity from ITT					$ 17
Goodwill		$ 166.9		$ 166.9