ITT (ITT) 10-Q 1 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares shares in Millions	9 Months Ended
	Sep. 30, 2019	Oct. 30, 2019
Cover page.
Entity Registrant Name	ITT INC.
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity File Number	001-05672
Entity Central Index Key	0000216228
Entity Incorporation, State or Country Code	IN
Entity Tax Identification Number	81-1197930
Entity Address, Address Line One	1133 Westchester Avenue
Entity Address, City or Town	White Plains
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10604
City Area Code	(914)
Local Phone Number	641-2000
Title of 12(b) Security	Common Stock, par value $1 per share
Trading Symbol	ITT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		87.7

CONSOLIDATED CONDENSED STATEMEN

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Statement [Abstract]
Revenue	$ 711.9	$ 680.6	$ 2,127.3	$ 2,066.7
Costs of revenue	480.6	454.1	1,445.2	1,390
Gross profit	231.3	226.5	682.1	676.7
General and administrative expenses	69.5	68	187.5	196.6
Sales and marketing expenses	41.6	40.8	124.5	127.7
Research and development expenses	23.8	24.2	73.1	74.7
Gain on sale of long-lived assets	(0.1)	40	0.3	40.5
Asbestos-related benefit, net	(56.2)	(4.3)	(31.8)	(10.5)
Operating income	152.5	137.8	329.1	328.7
Interest and non-operating (income) expenses, net	(0.4)	0.7	(1.3)	4
Income from continuing operations before income tax expense	152.9	137.1	330.4	324.7
Income tax expense	34.1	25.9	73.1	42.4
Income from continuing operations	118.8	111.2	257.3	282.3
Loss from discontinued operations, net of tax	(0.1)	(0.1)	(0.2)	0
Net income	118.7	111.1	257.1	282.3
Less: Income attributable to noncontrolling interests	0.1	0.2	0.4	0.5
Net income attributable to ITT Inc.	118.6	110.9	256.7	281.8
Amounts attributable to ITT Inc.:
Income from continuing operations, net of tax	118.7	111	256.9	281.8
Loss from discontinued operations, net of tax	(0.1)	(0.1)	(0.2)	0
Net income attributable to ITT Inc.	$ 118.6	$ 110.9	$ 256.7	$ 281.8
Basic:
Continuing operations	$ 1.35	$ 1.27	$ 2.93	$ 3.21
Net income	1.35	1.27	2.93	3.21
Diluted:
Continuing operations	1.34	1.25	2.90	3.18
Net income	$ 1.34	$ 1.25	$ 2.90	$ 3.18
Weighted average common shares – basic	87.8	87.6	87.7	87.7
Weighted average common shares – diluted	88.7	88.7	88.6	88.7

CONSOLIDATED CONDENSED STATEM_2

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Tax benefit on income from discontinued operations	$ 0.1	$ 0	$ 0.1	$ 0

CONSOLIDATED CONDENSED STATEM_3

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 118.7	$ 111.1	$ 257.1	$ 282.3
Other comprehensive loss:
Net foreign currency translation adjustment	(34.4)	(5)	(31.5)	(25.6)
Net change in postretirement benefit plans, net of tax benefits of $0.7, $1.2, $1.1 and $2.0, respectively	2.3	3.9	3.4	6.1
Other comprehensive loss	(32.1)	(1.1)	(28.1)	(19.5)
Comprehensive income	86.6	110	229	262.8
Less: Comprehensive income attributable to noncontrolling interests	0.1	0.2	0.4	0.5
Comprehensive income attributable to ITT Inc.	86.5	109.8	228.6	262.3
Reclassification adjustments (see Note 16):
Amortization of prior service benefit, net of tax expense of $(0.3), $(0.3), $(0.8) and $(0.8), respectively	(0.8)	(0.8)	(2.5)	(2.5)
Amortization of net actuarial loss, net of tax benefits of $0.5, $0.6, $1.4 and $1.9, respectively	1.4	1.8	4.2	5.7
Loss from plan settlement, net of tax benefit of $0.0, $0.3, $0.0 and $0.3, respectively	0	1.1	0	1.1
Net actuarial gain, net of tax expense of $0.5, $0.6, $0.5 and $0.6, respectively	1.7	1.8	1.7	1.8
Net change in postretirement benefit plans, net of tax benefits of $0.7, $1.2, $1.1 and $2.0, respectively	$ 2.3	$ 3.9	$ 3.4	$ 6.1

CONSOLIDATED CONDENSED STATEM_4

CONSOLIDATED CONDENSED STATEMENT OF COMPREHENSIVE INCOME (Parenthetical) (Parentheticals) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net change in postretirement benefit plans, Tax Benefits	$ 0.7	$ 1.2	$ 1.1	$ 2
Amortization of prior service costs, Tax (Expense) Benefit	(0.3)	(0.3)	(0.8)	(0.8)
Amortization of net actuarial loss, Tax Benefits	0.5	0.6	1.4	1.9
Loss from plan settlement or curtailment, Tax Benefit	0	0.3	0	0.3
Unrealized change in net actuarial gain, Tax Expense	$ 0.5	$ 0.6	$ 0.5	$ 0.6

CONSOLIDATED CONDENSED BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 555.7	$ 561.2
Receivables, net	574.3	540
Inventories, net	414.6	380.5
Other current assets	161.7	163.4
Total current assets	1,706.3	1,645.1
Plant, property and equipment, net	521.7	518.8
Goodwill	909.8	875.9
Other intangible assets, net	147.7	136.1
Asbestos-related assets	330	309.6
Deferred income taxes	149.1	164.5
Other non-current assets	299.6	196.8
Total non-current assets	2,357.9	2,201.7
Total assets	4,064.2	3,846.8	[1]
Current liabilities:
Commercial paper and current maturities of long-term debt	122.7	116.2
Accounts payable	340.4	339.2
Accrued liabilities	425.7	416.7
Total current liabilities	888.8	872.1
Asbestos-related liabilities	741.6	775.1
Postretirement benefits	196.2	208.2
Other non-current liabilities	237.7	166.5
Total non-current liabilities	1,175.5	1,149.8
Total liabilities	2,064.3	2,021.9
Shareholders’ equity:
Issued and outstanding – 87.6 shares and 87.6 shares, respectively	87.6	87.6
Retained earnings	2,313.6	2,110.3
Total accumulated other comprehensive loss	(403.6)	(375.5)
Total ITT Inc. shareholders’ equity	1,997.6	1,822.4
Noncontrolling interests	2.3	2.5
Total shareholders’ equity	1,999.9	1,824.9
Total liabilities and shareholders’ equity	$ 4,064.2	$ 3,846.8
[1]	Amounts reflect balances as of December 31, 2018 .

CONSOLIDATED CONDENSED BALANC_2

CONSOLIDATED CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares shares in Millions	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Common stock, shares authorized	250	250
Common stock, par value	$ 1	$ 1
Common stock, shares issued	87.6	87.6
Common stock, shares outstanding	87.6	87.6

CONSOLIDATED CONDENSED STATEM_5

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Operating Activities
Income from continuing operations attributable to ITT Inc.	$ 256.9	$ 281.8
Adjustments to income from continuing operations:
Depreciation and amortization	81.1	82.5
Equity-based compensation	12.3	16.9
Gain on sale of long-lived assets	0.3	40.5
Asbestos-related benefit, net	(31.8)	(10.5)
Other non-cash charges, net	25.8	10.1
Asbestos-related payments, net	(20.1)	(42.3)
Contributions to postretirement plans	19.7	9.7
Changes in assets and liabilities:
Change in receivables	(41.9)	(23.5)
Change in inventories	(28.2)	(22.2)
Change in contract assets	(13.4)	19.7
Change in contract liabilities	(9.1)	1.7
Change in accounts payable	3.6	(10.3)
Change in accrued expenses	(7.2)	(7.3)
Change in income taxes	23.3	6
Other, net	(9.6)	(5.8)
Net Cash – Operating activities	221.7	246.6
Investing Activities
Capital expenditures	(69.3)	(63.8)
Proceeds from sale of long-lived assets	1.4	42.7
Acquisitions, net of cash acquired	(113.1)	0
Other, net	0.2	0
Net Cash – Investing activities	(180.8)	(21.1)
Financing Activities
Commercial paper, net borrowings (repayments)	11.5	(16)
Short-term revolving loans, borrowings	0	246.5
Short-term revolving loans, repayments	0	(233.8)
Long-term debt, issued	7.1	3.2
Long-term debt, repayments	(2.1)	(2.1)
Repurchase of common stock	(38.3)	(55.8)
Proceeds from issuance of common stock	11.6	5.8
Dividends paid	(26.1)	(23.9)
Other, net	(0.6)	(0.1)
Net Cash – Financing activities	(36.9)	(76.2)
Exchange rate effects on cash and cash equivalents	(10.6)	(11.4)
Net Cash – Operating activities of discontinued operations	1.1	(1.9)
Net change in cash and cash equivalents	(5.5)	136
Cash and cash equivalents – beginning of year (includes restricted cash of $1.0 and $1.2, respectively)	562.2	391
Cash and cash equivalents – end of period (includes restricted cash of $1.0 and $1.2, respectively)	556.7	527
Cash paid during the year for:
Interest	2.2	1
Income taxes, net of refunds received	$ 47.9	$ 31

CONSOLIDATED CONDENSED STATEM_6

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017
Restricted Cash	$ 1	$ 1	$ 1.2	$ 1.2

CONSOLIDATED CONDENSED STATEM_7

CONSOLIDATED CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY CONSOLIDATED CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) shares in Millions, $ in Millions	Total	Common Stock [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]
Common Stock Outstanding (Shares)	88.2
Common Stock Outstanding (Dollars)		$ 88.2
Retained earnings	$ 1,856.1
Total accumulated other comprehensive loss	(348.2)			$ (348.2)
Noncontrolling interests					$ 1.7
Total shareholders' equity	1,597.8
Net Income	101.3	$ 0	$ 101.2	0	(0.1)
Activity from stock incentive plans, shares		0.3
Activity from stock incentive plans	5	$ 0.3	4.7	0	0
Share repuchases, shares		(1.1)
Share repuchases	(55.3)	$ (1.1)	(54.2)	0	0
Cumulative adjustment for accounting change	(4.1)	0	(4.1)	0	0
Dividends declared	(11.9)	0	(11.9)	0	0
Other Comprehensive Income (Loss), Net of Tax	27.6	0	0	27.6	0
Other	0.1	0	0	0	0.1
Other Comprehensive Income (Loss), Net of Tax	$ (19.5)
Common Stock Outstanding (Shares)	87.4
Common Stock Outstanding (Dollars)		87.4
Retained earnings	$ 1,891.8
Total accumulated other comprehensive loss	(320.6)			(320.6)
Noncontrolling interests					1.9
Total shareholders' equity	1,660.5
Net Income	69.9	$ 0	69.7	0	(0.2)
Activity from stock incentive plans, shares		0.2
Activity from stock incentive plans	9.9	$ 0.2	9.7	0	0
Share repuchases, shares		0
Share repuchases	(0.1)	$ 0	(0.1)	0	0
Dividends declared	(11.8)	0	(11.8)	0	0
Other Comprehensive Income (Loss), Net of Tax	(46)	0	0	(46)	0
Other	$ (0.1)	0	0	0	(0.1)
Common Stock Outstanding (Shares)	87.6
Common Stock Outstanding (Dollars)		87.6
Retained earnings	$ 1,959.3
Total accumulated other comprehensive loss	(366.6)			(366.6)
Noncontrolling interests					2
Total shareholders' equity	1,682.3
Net Income	111.1	$ 0	110.9	0	(0.2)
Activity from stock incentive plans, shares		0
Activity from stock incentive plans	7.8	$ 0	7.8	0	0
Share repuchases, shares		0
Share repuchases	(0.4)	$ 0	(0.4)	0	0
Dividends declared	(11.9)	0	(11.9)	0	0
Other Comprehensive Income (Loss), Net of Tax	$ (1.1)	0	0	(1.1)	0
Common Stock Outstanding (Shares)	87.6
Common Stock Outstanding (Dollars)		87.6
Retained earnings	$ 2,065.7
Total accumulated other comprehensive loss	(367.7)			(367.7)
Noncontrolling interests					2.2
Total shareholders' equity	$ 1,787.8
Common Stock Outstanding (Shares)	87.6
Common Stock Outstanding (Dollars)	$ 87.6	87.6
Retained earnings	2,110.3
Total accumulated other comprehensive loss	(375.5)			(375.5)
Noncontrolling interests	2.5				2.5
Total shareholders' equity	1,824.9
Net Income	71.4	$ 0	71.3	0	(0.1)
Activity from stock incentive plans, shares		0.6
Activity from stock incentive plans	9.5	$ 0.6	8.9	0	0
Share repuchases, shares		(0.4)
Share repuchases	(19.9)	$ (0.4)	(19.5)	0	0
Dividends declared	(12.9)	0	(12.9)	0	0
Other Comprehensive Income (Loss), Net of Tax	(1.8)	0	0	(1.8)	0
Other	0.1	0	0	0	0.1
Other Comprehensive Income (Loss), Net of Tax	$ (28.1)
Common Stock Outstanding (Shares)	87.8
Common Stock Outstanding (Dollars)		87.8
Retained earnings	$ 2,158.1
Total accumulated other comprehensive loss	(377.3)			(377.3)
Noncontrolling interests					2.7
Total shareholders' equity	1,871.3
Net Income	67	$ 0	66.8	0	0.2
Activity from stock incentive plans, shares		0.1
Activity from stock incentive plans	7.2	$ 0.1	7.1	0	0
Share repuchases, shares		0
Share repuchases	(0.1)	$ 0	(0.1)	0	0
Dividends declared	(13.1)	0	(13.1)	0	0
Dividend to noncontrolling interest	(0.7)	0	0	0	(0.7)
Other Comprehensive Income (Loss), Net of Tax	$ 5.8	0	0	5.8	0
Common Stock Outstanding (Shares)	87.9
Common Stock Outstanding (Dollars)		87.9
Retained earnings	$ 2,218.8
Total accumulated other comprehensive loss	(371.5)			(371.5)
Noncontrolling interests					2.2
Total shareholders' equity	1,937.4
Net Income	118.7	$ 0	118.6	0	0.1
Activity from stock incentive plans, shares		0
Activity from stock incentive plans	7.2	$ 0	7.2	0	0
Share repuchases, shares		(0.3)
Share repuchases	(18.3)	$ (0.3)	(18)	0	0
Dividends declared	(13)	0	(13)	0	0
Other Comprehensive Income (Loss), Net of Tax	$ (32.1)	0	$ 0	(32.1)	0
Common Stock Outstanding (Shares)	87.6
Common Stock Outstanding (Dollars)	$ 87.6	$ 87.6
Retained earnings	2,313.6
Total accumulated other comprehensive loss	(403.6)			$ (403.6)
Noncontrolling interests	2.3				$ 2.3
Total shareholders' equity	$ 1,999.9

CONSOLIDATED CONDENSED STATEM_8

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

DESCRIPTION OF BUSINESS, BASIS

DESCRIPTION OF BUSINESS, BASIS OF PRESENTATION AND UPDATES TO SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Description of Business ITT Inc. is a diversified manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and oil and gas markets. Unless the context otherwise indicates, references herein to “ITT,” “the Company,” and such words as “we,” “us,” and “our” include ITT Inc. and its subsidiaries. ITT operates through three segments: Motion Technologies, consisting of friction, shock and vibration equipment; Industrial Process, consisting of industrial flow equipment and services; and Connect & Control Technologies, consisting of electronic connectors, fluid handling, motion control and noise and energy absorption products. Financial information for our segments is presented in Note 3 , Segment Information . Basis of Presentation The unaudited consolidated condensed financial statements have been prepared pursuant to the rules and regulations of the SEC and, in the opinion of management, reflect all known adjustments (which consist primarily of normal, recurring accruals, estimates and assumptions) necessary to state fairly the financial position, results of operations, and cash flows for the periods presented. The Consolidated Condensed Balance Sheet as of December 31, 2018 , presented herein, has been derived from our audited balance sheet included in our Annual Report on Form 10-K (the 2018 Annual Report) for the year ended December 31, 2018 but does not include all disclosures required by GAAP. We consistently applied the accounting policies described in the 2018 Annual Report in preparing these unaudited financial statements, other than those related to new accounting standards adopted during the period. Refer to Note 2 , Recent Accounting Pronouncements for further information. These financial statements should be read in conjunction with the financial statements and notes thereto included in our 2018 Annual Report. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Estimates are revised as additional information becomes available. Estimates and assumptions are used for, but not limited to, asbestos-related liabilities and recoveries from insurers, revenue recognition, unrecognized tax benefits, deferred tax valuation allowances, projected benefit obligations for postretirement plans, accounting for business combinations, goodwill and other intangible asset impairment testing, environmental liabilities and assets, allowance for doubtful accounts and inventory valuation. Actual results could differ from these estimates. ITT’s quarterly financial periods end on the Saturday that is closest to the last day of the calendar quarter, except for the last quarterly period of the fiscal year, which ends on December 31st. For ease of presentation, the quarterly financial statements included herein are described as ending on the last day of the calendar quarter. Certain prior year amounts have been reclassified to conform to the current year presentation.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2019
Recent Accounting Pronouncements [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 Recently Adopted Leases (ASU 2016-02) In February 2016, the Financial Accounting Standards Board (FASB) issued new guidance which updated the accounting for leases in order to increase transparency and comparability of organizations by requiring balance sheet presentation of leased assets and increased financial statement disclosure of leasing arrangements. The new standard requires entities to recognize a liability for their lease obligations and a corresponding right-of-use asset, initially measured at the present value of the lease payments. Subsequent accounting depends on whether the agreement is deemed to be a financing or operating lease. For operating leases, a lessee recognizes its total lease expense as an operating expense over the lease term. For financing leases, a lessee recognizes amortization of the right-of-use asset as an operating expense over the lease term separately from interest on the lease liability. The ASU requires that assets and liabilities be presented and disclosed separately and the liabilities must be classified appropriately as current and noncurrent. The ASU further requires additional disclosure of certain qualitative and quantitative information related to lease agreements. The ASU was effective for the Company beginning on January 1, 2019, at which time we adopted the new standard using the modified retrospective approach as of the date of adoption. The Company elected to not reassess certain lease characteristics including whether expired or certain existing contracts contain leases, the lease classification prior to adoption, and initial direct costs. Upon adoption, we recognized a right-of-use asset of $80.0 (net of deferred rent of $3.4 previously included within Accrued liabilities and Other non-current liabilities) and a lease liability of $83.4 related to existing leases of real estate, vehicles, and other equipment that are classified as operating leases, and have terms greater than 12 months. The right-of-use asset is included within Other non-current assets and the lease liabilities are included within Accrued liabilities and Other non-current liabilities on the Consolidated Balance Sheet. A summary of the impact to our Consolidated Balance Sheet on January 1, 2019 is as follows: December 31, Effect of Change January 1, Other non-current assets $ 196.8 $ 80.0 $ 276.8 Accrued liabilities 416.7 18.7 435.4 Other non-current liabilities 166.5 61.3 227.8 Targeted Improvements to Accounting for Hedging Activities (ASU 2017-12) In August 2017, the FASB issued amended guidance that simplifies the requirements of hedge accounting. The ASU enables companies to more accurately present the economic effects of risk management activities in the financial statements. The guidance requires the presentation of all items that affect earnings in the same income statement line as the hedged item and is effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years with early adoption permitted. The Company adopted the provisions of ASU 2017-12 on January 1, 2019. The adoption did not result in an impact to our financial results since the Company did not have any derivatives outstanding at the time of adoption. As of September 30, 2019 , the U.S. dollar equivalent notional value of the Company’s outstanding foreign currency forward contracts designated for hedge accounting was $4.7 and the fair value was nominal. Reclassification of Certain Tax Effects From Accumulated Other Comprehensive Income (ASU 2018-02) In February 2018, the FASB issued guidance related to the U.S. Tax Cuts and Jobs Act of 2017 (the Tax Act), which permits an optional reclassification of residual tax effects that are included within accumulated other comprehensive loss, to retained earnings. The reclassification represents the difference between the amount recorded in other comprehensive loss at the historical U.S. federal tax rate at the time the Tax Act became effective, and the amount that would have been recorded at the newly enacted rate. This guidance became effective during the first quarter of 2019, however we did not elect to make the optional reclassification. Accounting Pronouncements Not Yet Adopted Measurement of Credit Losses on Financial Instruments (ASU 2016-13) In June 2016, the FASB issued updated guidance that requires entities to use a current expected credit loss model to measure credit-related impairments for financial instruments held at amortized cost, including trade receivables. The current expected credit loss model is based on relevant information about past events, including historical experience, current conditions and reasonable and supportable forecasts that affect collectability. Current expected credit losses, and subsequent adjustments, represent an estimate of lifetime expected credit losses that are recorded as an allowance deducted from the amortized cost of the financial instrument. The updated guidance is effective for the Company beginning on January 1, 2020 and will be adopted using a modified retrospective transition approach. The Company is currently evaluating the effect of adoption on our financial statements.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Company’s segments are reported on the same basis used by our Chief Executive Officer, who is also our chief operating decision maker, for evaluating performance and for allocating resources. Our three reportable segments are referred to as: Motion Technologies, Industrial Process, and Connect & Control Technologies. Motion Technologies manufactures brake components and specialized sealing solutions, shock absorbers and damping technologies primarily for the global automotive, truck and trailer, bus and rail transportation markets. Industrial Process manufactures engineered fluid process equipment serving a diversified mix of customers in global industries such as chemical, oil and gas, mining, and other industrial process markets and is a provider of plant optimization and efficiency solutions and aftermarket services and parts. Connect & Control Technologies manufactures harsh-environment connector solutions and critical energy absorption and flow control components for the aerospace and defense, general industrial, medical, and oil and gas markets. Corporate and Other consists of corporate office expenses including compensation, benefits, occupancy, depreciation and other administrative costs, as well as charges related to certain matters, such as asbestos and environmental liabilities, that are managed at a corporate level and are not included in segment results when evaluating performance or allocating resources. Assets of the segments exclude general corporate assets, which principally consist of cash, investments, asbestos-related receivables, environmental-related assets, deferred taxes, and certain property, plant and equipment. Revenue Operating Income Operating Margin For the Three Months Ended September 30 2019 2018 2019 2018 2019 2018 Motion Technologies $ 304.5 $ 310.3 $ 56.7 $ 58.5 18.6 % 18.9 % Industrial Process 240.3 205.0 22.0 23.7 9.2 % 11.6 % Connect & Control Technologies 167.9 166.0 28.4 26.0 16.9 % 15.7 % Total segment results 712.7 681.3 107.1 108.2 15.0 % 15.9 % Asbestos-related benefit, net — — 56.2 4.3 — — Gain on sale of long-lived assets — — — 38.0 — — Eliminations / Other corporate costs (0.8 ) (0.7 ) (10.8 ) (12.7 ) — — Total Eliminations / Corporate and Other costs (0.8 ) (0.7 ) 45.4 29.6 — — Total $ 711.9 $ 680.6 $ 152.5 $ 137.8 21.4 % 20.2 % Revenue Operating Income Operating Margin For the Nine Months Ended September 30 2019 2018 2019 2018 2019 2018 Motion Technologies $ 937.4 $ 982.8 $ 169.6 $ 175.9 18.1 % 17.9 % Industrial Process 688.6 598.0 70.2 64.0 10.2 % 10.7 % Connect & Control Technologies 503.1 488.0 85.4 76.3 17.0 % 15.6 % Total segment results 2,129.1 2,068.8 325.2 316.2 15.3 % 15.3 % Asbestos-related benefit, net — — 31.8 10.5 — — Gain on sale of long-lived assets — — 0.5 38.0 — — Eliminations / Corporate and other costs (1.8 ) (2.1 ) (28.4 ) (36.0 ) — — Total Eliminations / Corporate and Other costs (1.8 ) (2.1 ) 3.9 12.5 — — Total $ 2,127.3 $ 2,066.7 $ 329.1 $ 328.7 15.5 % 15.9 % Total Assets Capital Expenditures Depreciation & Amortization As of and for the Nine Months Ended September 30 2019 2018 (a) 2019 2018 2019 2018 Motion Technologies $ 1,188.2 $ 1,147.2 $ 44.8 $ 54.1 $ 42.9 $ 42.8 Industrial Process 1,115.2 1,000.1 8.5 3.5 19.8 20.5 Connect & Control Technologies 756.0 694.0 13.4 6.0 15.9 16.2 Corporate and Other 1,004.8 1,005.5 2.6 0.2 2.5 3.0 Total $ 4,064.2 $ 3,846.8 $ 69.3 $ 63.8 $ 81.1 $ 82.5 (a) Amounts reflect balances as of December 31, 2018 .

REVENUE REVENUE

REVENUE REVENUE	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	REVENUE The following table represents our revenue disaggregated by end market for the three and nine months ended September 30, 2019 and 2018 . For the Three Months Ended September 30, 2019 Motion Technologies Industrial Process Connect & Control Technologies Eliminations Total Automotive and rail $ 301.1 $ — $ — $ — $ 301.1 Chemical and industrial pumps — 185.7 — — 185.7 Aerospace and defense 1.1 — 104.0 — 105.1 Oil and gas — 54.6 11.4 — 66.0 General industrial 2.3 — 52.5 (0.8 ) 54.0 Total $ 304.5 $ 240.3 $ 167.9 $ (0.8 ) $ 711.9 For the Nine Months Ended September 30, 2019 Automotive and rail $ 923.2 $ — $ — $ (0.1 ) $ 923.1 Chemical and industrial pumps — 515.9 — — 515.9 Aerospace and defense 6.2 — 308.8 — 315.0 Oil and gas — 172.7 30.0 — 202.7 General industrial 8.0 — 164.3 (1.7 ) 170.6 Total $ 937.4 $ 688.6 $ 503.1 $ (1.8 ) $ 2,127.3 For the Three Months Ended September 30, 2018 Motion Technologies Industrial Process Connect & Control Technologies Eliminations Total Automotive and rail $ 305.4 $ — $ — $ — $ 305.4 Chemical and industrial pumps — 145.6 — — 145.6 Aerospace and defense 1.3 — 92.9 — 94.2 Oil and gas — 59.4 12.5 — 71.9 General industrial 3.6 — 60.6 (0.7 ) 63.5 Total $ 310.3 $ 205.0 $ 166.0 $ (0.7 ) $ 680.6 For the Nine Months Ended September 30, 2018 Automotive and rail $ 966.5 $ — $ — $ (0.1 ) $ 966.4 Chemical and industrial pumps — 440.3 — — 440.3 Aerospace and defense 5.8 — 276.6 — 282.4 Oil and gas — 157.7 31.6 — 189.3 General industrial 10.5 — 179.8 (2.0 ) 188.3 Total $ 982.8 $ 598.0 $ 488.0 $ (2.1 ) $ 2,066.7 Contract Assets and Liabilities Contract assets consist of unbilled amounts where revenue recognized exceeds customer billings. Contract liabilities consist of advance payments and billings in excess of revenue recognized. The following table represents our net contract assets and liabilities as of September 30, 2019 and December 31, 2018 . September 30, December 31, Change Current contract assets $ 33.6 $ 21.8 54.1 % Non-current contract assets — 0.7 (100.0 )% Current contract liabilities (52.7 ) (61.0 ) (13.6 )% Net contract liabilities $ (19.1 ) $ (38.5 ) (50.4 )% During the three and nine months ended September 30, 2019 , we recognized revenue of $9.2 and $41.6 , related to contract liabilities as of December 31, 2018 . Remaining Performance Obligations For contracts greater than one year, the aggregate amount of the transaction price allocated to unsatisfied or partially satisfied performance obligations as of September 30, 2019 was $98.9 . Of this amount, we expect to recognize approximately $15 to $20 of revenue during 2019, approximately $65 to $75 in 2020, and the remainder thereafter.

RESTRUCTURING ACTIONS RESTRUCTU

RESTRUCTURING ACTIONS RESTRUCTURING ACTIONS	9 Months Ended
	Sep. 30, 2019
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 Statements of Operations for the three and nine months ended September 30, 2019 and 2018 . We have initiated various restructuring activities throughout our businesses during the past two years, however there were no restructuring activities considered individually significant. Three Months Nine Months For the Periods Ended September 30 2019 2018 2019 2018 Severance and other employee-related $ 6.5 $ 0.8 $ 10.5 $ 2.4 Other 0.2 0.1 0.4 0.6 Total restructuring costs $ 6.7 $ 0.9 $ 10.9 $ 3.0 By segment: Motion Technologies 0.7 0.4 $ 4.5 $ 1.7 Industrial Process 5.1 — 5.5 — Connect & Control Technologies 0.9 0.5 0.8 1.3 Corporate and Other — — 0.1 — The following table displays a rollforward of the restructuring accruals, presented on our Consolidated Condensed Balance Sheet within accrued liabilities, for the nine months ended September 30, 2019 and 2018 . For the Periods Ended September 30 2019 2018 Restructuring accruals - beginning balance $ 6.7 $ 8.9 Restructuring costs 10.9 3.0 Cash payments (7.8 ) (5.9 ) Foreign exchange translation and other (0.4 ) 0.8 Restructuring accrual - ending balance $ 9.4 $ 6.8 By accrual type: Severance and other employee-related $ 9.1 $ 6.0 Other 0.3 0.8

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Three Months Nine Months For the Periods Ended September 30 2019 2018 Change 2019 2018 Change Income tax expense $ 34.1 $ 25.9 31.7 % $ 73.1 $ 42.4 72.4 % Effective tax rate 22.3 % 18.9 % 340bp 22.1 % 13.1 % 900bp The higher effective tax rate during the third quarter of 2019 was primarily due to the 2018 release of unrecognized tax benefits of $3.4 related to audit closures and tax benefits of $1.8 in 2018 from valuation allowance reversals on deferred tax assets. The higher effective tax rate during the year-to-date period was primarily due to tax benefits of $21.6 in 2018 from German valuation allowance reversals on deferred tax assets. The Company operates in various tax jurisdictions and is subject to examination by tax authorities in these jurisdictions. The Company is currently under examination in several jurisdictions including the Czech Republic, Germany, Hong Kong, India, Italy, Japan, Mexico, the U.S. and Venezuela. The estimated tax liability calculation for unrecognized tax benefits considers uncertainties in the application of complex tax laws and regulations in various tax jurisdictions. Due to the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is materially different from the current estimate of the unrecognized tax benefit. Over the next 12 months, the net amount of the tax liability for unrecognized tax benefits in foreign and domestic jurisdictions could change by approximately $14

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE DATA The following table provides a reconciliation of the data used in the calculation of basic and diluted earnings per share from continuing operations attributable to ITT for the three and nine months ended September 30, 2019 and 2018 . Three Months Nine Months For the Periods Ended September 30 2019 2018 2019 2018 Basic weighted average common shares outstanding 87.8 87.6 87.7 87.7 Add: Dilutive impact of outstanding equity awards 0.9 1.1 0.9 1.0 Diluted weighted average common shares outstanding 88.7 88.7 88.6 88.7 There were no anti-dilutive shares underlying stock options excluded from the computation of diluted earnings per share for the three and nine months ended September 30, 2019 and 2018 .

RECEIVABLES, NET

RECEIVABLES, NET	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
RECEIVABLES, NET	RECEIVABLES, NET September 30, December 31, Trade accounts receivable $ 556.8 $ 531.7 Notes receivable 7.6 3.7 Other 21.3 22.9 Receivables, gross 585.7 558.3 Less: Allowance for doubtful accounts (11.4 ) (18.3 ) Receivables, net $ 574.3 $ 540.0

INVENTORIES, NET

INVENTORIES, NET	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
INVENTORIES, NET	INVENTORIES, NET September 30, December 31, Finished goods $ 60.8 $ 64.2 Work in process 101.9 83.1 Raw materials 251.9 233.2 Inventories, net $ 414.6 $ 380.5 Inventory related to long-term contracts of $45.7 as of December 31, 2018 has been reclassified to the respective inventory categories to conform with the current year presentation.

OTHER CURRENT AND NON-CURRENT A

OTHER CURRENT AND NON-CURRENT ASSETS	9 Months Ended
	Sep. 30, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER CURRENT AND NON-CURRENT ASSETS	OTHER CURRENT AND NON-CURRENT ASSETS September 30, December 31, Asbestos-related assets $ 77.1 $ 67.1 Advance payments and other prepaid expenses 34.4 44.5 Current contract assets 33.6 21.8 Prepaid income taxes 15.0 19.6 Other 1.6 10.4 Other current assets $ 161.7 $ 163.4 Other employee benefit-related assets $ 119.1 $ 104.7 Operating lease right-of-use assets (see Note 2) 88.9 — Capitalized software costs 31.0 35.3 Environmental-related assets 22.1 23.4 Equity method investments 9.4 7.7 Other 29.1 25.7 Other non-current assets $ 299.6 $ 196.8

PLANT, PROPERTY AND EQUIPMENT,

PLANT, PROPERTY AND EQUIPMENT, NET	9 Months Ended
	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
PLANT, PROPERTY AND EQUIPMENT, NET	PLANT, PROPERTY AND EQUIPMENT, NET Useful life (in years) September 30, December 31, Machinery and equipment 2 - 10 $ 1,080.9 $ 1,056.9 Buildings and improvements 5 - 40 272.2 265.3 Furniture, fixtures and office equipment 3 - 7 78.7 69.1 Construction work in progress 66.4 67.9 Land and improvements 32.6 27.8 Other 9.8 10.3 Plant, property and equipment, gross 1,540.6 1,497.3 Less: Accumulated depreciation (1,018.9 ) (978.5 ) Plant, property and equipment, net $ 521.7 $ 518.8 Depreciation expense of $20.7 and $20.7 , and $61.4 and $62.4 was recognized in the three and nine months ended September 30, 2019 and 2018 , respectively.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS, NET	9 Months Ended
	Sep. 30, 2019
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 nine months ended September 30, 2019 by segment. Motion Industrial Process Connect & Control Technologies Total Goodwill - December 31, 2018 $ 294.5 $ 315.8 $ 265.6 $ 875.9 Acquired — 36.6 8.7 45.3 Foreign exchange translation (3.6 ) (6.8 ) (1.0 ) (11.4 ) Goodwill - September 30, 2019 $ 290.9 $ 345.6 $ 273.3 $ 909.8 Goodwill acquired is related to our acquisitions of Rheinhütte Pumpen Group (Rheinhütte) and Matrix Composites, Inc. (Matrix) in the second and third quarters of 2019, respectively. Goodwill acquired represents the preliminary calculation of the excess of the purchase price over the net assets acquired, the valuation of which is pending completion. Upon completion of the valuation, goodwill acquired will be adjusted to reflect the final fair value of the net assets acquired. Refer to Note 21 , Acquisitions , for additional information. Other Intangible Assets, Net Information regarding our other intangible assets is as follows: September 30, 2019 December 31, 2018 Gross Carrying Amount Accumulated Amortization Net Intangibles Gross Carrying Amount Accumulated Amortization Net Intangibles Customer relationships $ 179.3 $ (95.7 ) $ 83.6 $ 164.1 $ (86.2 ) $ 77.9 Proprietary technology 57.9 (26.8 ) 31.1 53.7 (25.6 ) 28.1 Patents and other 12.6 (9.7 ) 2.9 12.3 (9.4 ) 2.9 Finite-lived intangible total 249.8 (132.2 ) 117.6 230.1 (121.2 ) 108.9 Indefinite-lived intangibles 30.1 — 30.1 27.2 — 27.2 Other intangible assets $ 279.9 $ (132.2 ) $ 147.7 $ 257.3 $ (121.2 ) $ 136.1 Amortization expense related to finite-lived intangible assets was $5.3 and $4.4 , and $13.3 and $13.3 for the three and nine months ended September 30, 2019 and 2018 , respectively. The preliminary fair value of intangible assets acquired in connection with the purchase of Rheinhütte includes $7.4 of proprietary technology with a useful life of 7 years, $4.5 of customer relationships with a useful life of 9 years, and $3.3 for a trade name with an indefinite life. As of September 30, 2019, intangible assets acquired in connection with the purchase of Matrix have been estimated to have a preliminary fair value of $12

ACCRUED AND OTHER CURRENT LIABI

ACCRUED AND OTHER CURRENT LIABILITIES AND OTHER NON-CURRENT LIABILITIES	9 Months Ended
	Sep. 30, 2019
Payables and Accruals [Abstract]
ACCRUED AND OTHER CURRENT LIABILITIES AND OTHER NON-CURRENT LIABILITIES	ACCRUED LIABILITIES AND OTHER NON-CURRENT LIABILITIES September 30, December 31, Compensation and other employee-related benefits $ 149.2 $ 152.2 Contract liabilities and other customer-related liabilities 72.2 82.2 Asbestos-related liability 86.2 74.2 Accrued income taxes and other tax-related liabilities 28.6 33.7 Operating lease liabilities (see Note 2) 18.2 — Accrued warranty costs 17.2 16.2 Environmental liabilities and other legal matters 17.1 24.0 Other 37.0 34.2 Accrued liabilities $ 425.7 $ 416.7 Environmental liabilities $ 55.3 $ 59.5 Operating lease liabilities (see Note 2) 74.4 — Compensation and other employee-related benefits 34.4 34.2 Deferred income taxes and other tax-related accruals 24.4 25.0 Other 49.2 47.8 Other non-current liabilities $ 237.7 $ 166.5

LEASES Leases (Notes)

LEASES Leases (Notes)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Leases Disclosure [Text Block]	LEASES The Company’s lease portfolio primarily relates to real estate, which may be used for manufacturing or non-manufacturing purposes, and contains lease terms generally ranging between one and 18 years. Our lease portfolio also includes vehicles and other equipment such as forklifts. Substantially all of our leases are classified as operating leases. For leases with terms greater than 12 months, we record a right-of-use asset and lease liability equal to the present value of the lease payments. In determining the discount rate used to measure the right-of-use asset and lease liability, we utilize the Company’s incremental borrowing rate and consider the term of the lease, as well as the geographic location of the leased asset. Where options to renew a lease are available, they are included in the lease term and capitalized on the balance sheet to the extent there would be a significant economic penalty not to elect the option. Certain real estate leases are subject to periodic changes in an index or market rate. While lease liabilities are not remeasured as a result of changes to an index or rate, these changes are treated as variable lease payments and recognized in the period in which the obligation for those payments is incurred. Variable lease expense also includes property tax and property insurance costs. For the three and nine months ended September 30, 2019 , operating lease costs were $6.3 and $18.6 , respectively. Short-term lease costs, variable lease costs, and sublease income are not considered material. Future operating lease payments under non-cancellable operating leases with an initial term in excess of 12 months as of September 30, 2019 are shown below. 2019 $ 5.6 2020 20.3 2021 16.2 2022 13.1 2023 10.4 2024 and thereafter 58.6 Total lease payments 124.2 Less: amount of lease payments representing interest (31.6 ) Present value of future lease payments $ 92.6 Short-term lease liability $ 18.2 Long-term lease liability 74.4 Present value of future lease payments $ 92.6 Future minimum operating lease payments under non-cancellable operating leases with an initial term in excess of 12 months as of December 31, 2018 are shown below. 2019 $ 22.2 2020 16.8 2021 12.6 2022 10.2 2023 8.1 2024 and thereafter 46.4 Total minimum lease payments $ 116.3 Our lease portfolio has a weighted average remaining lease term of 13.7 years, and the weighted average discount rate is 3.2% . During the nine months ended September 30, 2019 , we recognized non-cash right-of-use assets of $25.8 for new leases entered into during the period, primarily related to the lease renewal of a key manufacturing site in our Connect & Control segment. Operating cash outflows from operating leases during the nine months ended September 30, 2019 were $16.8 .

DEBT Debt (Notes)

DEBT Debt (Notes)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Debt [Text Block]	DEBT September 30, December 31, Commercial paper $ 120.3 $ 114.4 Current maturities of long-term debt and finance leases 2.4 1.8 Commercial paper and current maturities of long-term debt 122.7 116.2 Long-term debt and finance leases 12.6 8.8 Total debt and finance leases $ 135.3 $ 125.0 Commercial Paper Commercial paper outstanding as of September 30, 2019 and December 31, 2018 was issued entirely through the Company’s euro program and had an associated weighted average interest rate of 0.05% and 0.06% , respectively. The outstanding commercial paper for both periods had maturity terms less than three months from the date of issuance. Refer to the Liquidity section within “Item 2. Management’s Discussion and Analysis,” for additional information on our overall funding and liquidity strategy.

POSTRETIREMENT BENEFIT PLANS

POSTRETIREMENT BENEFIT PLANS	9 Months Ended
	Sep. 30, 2019
Retirement Benefits [Abstract]
POSTRETIREMENT BENEFIT PLANS	POSTRETIREMENT BENEFIT PLANS The following table provides the components of net periodic benefit cost for pension plans and other employee-related benefit plans for the three and nine months ended September 30, 2019 and 2018 . 2019 2018 For the Three Months Ended September 30 Pension Other Benefits Total Pension Other Benefits Total Service cost $ 0.4 $ 0.2 $ 0.6 $ 0.4 $ 0.2 $ 0.6 Interest cost 3.1 1.0 4.1 3.0 1.0 4.0 Expected return on plan assets (3.8 ) (0.1 ) (3.9 ) (4.4 ) — (4.4 ) Amortization of prior service cost (benefit) 0.2 (1.3 ) (1.1 ) 0.2 (1.3 ) (1.1 ) Amortization of net actuarial loss 1.3 0.6 1.9 1.5 0.9 2.4 Net periodic benefit cost 1.2 0.4 1.6 0.7 0.8 1.5 Loss from settlement or curtailment — — — 1.4 — 1.4 Total net periodic benefit cost $ 1.2 $ 0.4 $ 1.6 $ 2.1 $ 0.8 $ 2.9 2019 2018 For the Nine Months Ended September 30 Pension Other Total Pension Other Total Service cost $ 1.1 $ 0.5 $ 1.6 $ 1.2 $ 0.6 $ 1.8 Interest cost 9.4 3.0 12.4 8.6 3.2 11.8 Expected return on plan assets (11.0 ) (0.1 ) (11.1 ) (11.2 ) (0.2 ) (11.4 ) Amortization of prior service cost (benefit) 0.6 (3.9 ) (3.3 ) 0.6 (3.9 ) (3.3 ) Amortization of net actuarial loss 3.9 1.7 5.6 4.5 3.1 7.6 Net periodic benefit cost 4.0 1.2 5.2 3.7 2.8 6.5 Loss from settlement or curtailment — — — 1.4 — 1.4 Total net periodic benefit cost $ 4.0 $ 1.2 $ 5.2 $ 5.1 $ 2.8 $ 7.9 In the third quarter of 2018, we recorded a settlement loss of $1.4 related to retiree lump sum pension payments in our Industrial Process segment. We made contributions to our global postretirement plans of $19.7 and $9.7 during the nine months ended September 30, 2019 and 2018 , respectively, which included a discretionary contribution of $9 to our U.S. pension plan during 2019. We expect to make contributions of approximately $3 to $4 during the remainder of 2019 , principally related to our other employee-related benefit plans. Amortization from accumulated other comprehensive income into earnings related to prior service cost and net actuarial loss was $0.6 and $2.1 , and $1.7 and $4.3 , net of tax, during the three and nine months ended September 30, 2019 and 2018 , respectively. No other reclassifications from accumulated other comprehensive income into earnings were recognized during any of the presented periods.

LONG-TERM INCENTIVE EMPLOYEE CO

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [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 nine months ended September 30, 2019 and 2018 . Three Months Nine Months For the Periods Ended September 30 2019 2018 2019 2018 Equity-based awards $ 3.9 $ 6.7 $ 12.3 $ 16.9 Liability-based awards 0.3 0.9 1.7 1.7 Total share-based compensation expense $ 4.2 $ 7.6 $ 14.0 $ 18.6 At September 30, 2019 , there was $21.3 of total unrecognized compensation cost related to non-vested equity awards. This cost is expected to be recognized ratably over a weighted-average period of 1.9 years. Additionally, unrecognized compensation cost related to liability-based awards was $1.8 , which is expected to be recognized ratably over a weighted-average period of 1.5 years. Year-to-Date 2019 LTIP Activity The majority of our LTIP awards are granted during the first quarter of each year and vest on the completion of a three-year service period. During the nine months ended September 30, 2019 , we granted the following LTIP awards as provided in the table below: # of Awards Granted Weighted Average Grant Date Fair Value Per Share Restricted stock units (RSUs) 0.2 $ 58.75 Performance stock units (PSUs) 0.1 $ 65.28 During the nine months ended September 30, 2019 and 2018 , 0.3 and 0.2 of non-qualified stock options were exercised resulting in proceeds of $11.6 and $5.8 , respectively. During the nine months ended September 30, 2019 and 2018 , RSUs of 0.2 vested and were issued. During the nine months ended September 30, 2019 and 2018 , PSUs of 0.2 and 0.1 that vested on December 31, 2018 and 2017, respectively, were issued.

CAPITAL STOCK

CAPITAL STOCK	9 Months Ended
	Sep. 30, 2019
Equity [Abstract]
CAPITAL STOCK	CAPITAL STOCK On October 27, 2006, our Board of Directors approved a three-year, $1 billion share repurchase program, which it modified in 2008 to make the term indefinite. During the nine months ended September 30, 2019 and 2018 , we repurchased and retired 0.5 and 1.0 shares of common stock for $28.7 and $50.0 , respectively, under this program. To date, the Company has repurchased 22.7 shares for $938.1 under this program. On October 30, 2019, the Board of Directors approved a new $40 share repurchase authorization to effectively close out the current share repurchase program and approved a new indefinite term $500 share repurchase program. Separate from the share repurchase program, the Company repurchased 0.2 and 0.1 shares during the nine months ended September 30, 2019 and 2018 , respectively, for an aggregate price of $9.6 and $5.8 , respectively, in settlement of employee tax withholding obligations due upon the vesting of RSUs and PSUs.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated Other Comprehensive Loss (Notes)	9 Months Ended
	Sep. 30, 2019
Statement of Other Comprehensive Income [Abstract]
Accumulated Other Comprehensive Loss [Text Block]	ACCUMULATED OTHER COMPREHENSIVE LOSS Postretirement Benefit Plans Cumulative Translation Adjustment Accumulated Other Comprehensive Loss December 31, 2018 $ (131.6 ) $ (243.9 ) $ (375.5 ) Net change during period 0.6 (2.4 ) (1.8 ) March 31, 2019 (131.0 ) (246.3 ) (377.3 ) Net change during period 0.5 5.3 5.8 June 30, 2019 (130.5 ) (241.0 ) (371.5 ) Net change during period 2.3 (34.4 ) (32.1 ) September 30, 2019 $ (128.2 ) $ (275.4 ) $ (403.6 ) Postretirement Benefit Plans Cumulative Translation Adjustment Accumulated Other Comprehensive Loss December 31, 2017 $ (137.6 ) $ (210.6 ) $ (348.2 ) Net change during period 1.1 26.5 27.6 March 31, 2018 (136.5 ) (184.1 ) (320.6 ) Net change during period 1.1 (47.1 ) (46.0 ) June 30, 2018 (135.4 ) (231.2 ) (366.6 ) Net change during period 3.9 (5.0 ) (1.1 ) September 30, 2018 $ (131.5 ) $ (236.2 ) $ (367.7 )

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2019
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 asbestos and environmental exposures, intellectual property matters, copyright infringement, personal injury claims, employment and employee benefit matters, government contract issues and commercial or contractual disputes and acquisitions or divestitures. We will continue to defend vigorously against all claims. Although the ultimate outcome of any legal matter cannot be predicted with certainty, based on present information, including our assessment of the merits of the particular claim, as well as our current reserves and insurance coverage, we do not expect that such legal proceedings will have a material adverse impact on our financial statements, unless otherwise noted below. Asbestos Matters Subsidiaries of ITT, including ITT LLC and Goulds Pumps LLC, have been sued, along with many other companies in product liability lawsuits alleging personal injury due to asbestos exposure. These claims generally allege that certain products sold by our subsidiaries prior to 1985 contained a part manufactured by a third party ( e.g. , a gasket) which contained asbestos. To the extent these third-party parts may have contained asbestos, it was encapsulated in the gasket (or other) material and was non-friable. As of September 30, 2019 , there were approximately 24 thousand pending claims against ITT subsidiaries, including Goulds Pumps LLC, filed in various state and federal courts alleging injury as a result of exposure to asbestos. Activity related to these asserted asbestos claims during the period was as follows: Pending claims – Beginning 24 New claims 3 Settlements (1 ) Dismissals (2 ) Pending claims – Ending 24 Frequently, plaintiffs are unable to identify any ITT LLC or Goulds Pumps LLC products as a source of asbestos exposure. Our experience to date is that a majority of resolved claims are dismissed without any payment from ITT subsidiaries. Management believes that a large majority of the pending claims have little or no value. In addition, because claims are sometimes dismissed in large groups, the average cost per resolved claim can fluctuate significantly from period to period. ITT expects more asbestos-related suits will be filed in the future, and ITT will continue to aggressively defend or seek a reasonable resolution, as appropriate. Asbestos litigation is a unique form of litigation. Frequently, the plaintiff sues a large number of defendants and does not state a specific claim amount. After filing a complaint, the plaintiff engages defendants in settlement negotiations to establish a settlement value based on certain criteria, including the number of defendants in the case. Rarely do the plaintiffs seek to collect all damages from one defendant. Rather, they seek to spread the liability, and thus the payments, among many defendants. As a result of this and other factors, the Company is unable to estimate the maximum potential exposure to pending claims and claims estimated to be filed over the next 10 years. Estimating our exposure to pending asbestos claims and those that may be filed in the future is subject to significant uncertainty and risk as there are multiple variables that can affect the timing, severity, quality, quantity and resolution of claims. Any predictions with respect to the variables impacting the estimate of the asbestos liability and related asset are subject to even greater uncertainty as the projection period lengthens. In light of the variables and uncertainties inherent in the long-term projection of the Company’s asbestos exposures, while it is probable that the Company will incur additional costs for asbestos claims filed beyond the next 10 years, which additional costs may be material, we do not believe there is a reasonable basis for estimating those costs at this time. The asbestos liability and related receivables reflect management’s best estimate of future events. However, future events affecting the key factors and other variables for either the asbestos liability or the related receivables could cause actual costs or recoveries to be materially higher or lower than currently estimated. Due to these uncertainties, as well as our inability to reasonably estimate any additional asbestos liability for claims which may be filed beyond the next 10 years, it is difficult to predict the ultimate cost of resolving all pending and unasserted asbestos claims. We believe it is possible that future events affecting the key factors and other variables within the next 10 years, as well as the cost of asbestos claims filed beyond the next 10 years, net of expected recoveries, could have a material adverse effect on our financial statements. Income Statement Costs/Benefit In the third quarter of each year, we conduct our annual remeasurement with the assistance of outside consultants in order to review and update the underlying assumptions used in our asbestos liability and related asset estimates. In each remeasurement, the underlying assumptions are updated based on our actual experience since our previous annual remeasurement, and we reassess the appropriate reference period used in determining each assumption and our expectations regarding future conditions, including inflation. Based on the results of this study, in the third quarter of 2019, we decreased our estimated undiscounted asbestos liability, including legal fees, by $4.5 , reflecting a decrease in costs the company estimates will be incurred to resolve all pending claims, as well as unasserted claims estimated to be filed over the next 10 years. The decrease in our estimated liability is a result of several developments, primarily favorable experience in dismissal rates and a decrease in the number of cases expected to be adjudicated, partially offset by an increase in settlement values. Further, in the third quarter of 2019, the Company increased its estimated asbestos-related assets by $63.6 , primarily due to an increase in insurance recoveries since a recent favorable court ruling. In addition to the charges associated with our annual remeasurement, we record a net asbestos charge each quarter to maintain a rolling 10-year forecast period. The table below summarizes the total net asbestos charges for the three and nine months ended September 30, 2019 and 2018. Three Months Nine Months For the Periods Ended September 30 2019 2018 2019 2018 Asbestos provision $ 11.9 $ 13.4 $ 36.3 $ 39.3 Net asbestos remeasurement (benefit) cost (68.1 ) 7.2 (68.1 ) 7.2 Insurance settlement agreements (a) — (24.9 ) — (57.0 ) Asbestos-related benefit, net $ (56.2 ) $ (4.3 ) $ (31.8 ) $ (10.5 ) (a) During 2018, we entered into a settlement agreement and a settlement-in-principle with insurers to settle responsibility for multiple insurance claims. Under the terms of the agreements, the insurers agreed to upfront payments to a Qualified Settlement Fund for past costs in addition to providing coverage for certain future asbestos claims on specified terms and conditions. Changes in Financial Position The Company's estimated asbestos exposure, net of expected recoveries for the resolution of all pending claims and claims estimated to be filed in the next 10 years was $420.7 and $472.6 as of September 30, 2019 and December 31, 2018. The following table provides a rollforward of the estimated asbestos liability and related assets for the nine months ended September 30, 2019 and 2018 . 2019 2018 For the Nine Months Ended September 30 Liability Asset Net Liability Asset Net Beginning balance $ 849.3 $ 376.7 $ 472.6 $ 877.2 $ 368.7 $ 508.5 Asbestos provision (a) 45.1 8.8 36.3 48.5 9.2 39.3 Asbestos remeasurement (4.5 ) 63.6 (68.1 ) (8.6 ) (15.8 ) 7.2 Insurance settlement agreement — — — — 57.0 (57.0 ) Net cash activity (a) (62.1 ) (42.0 ) (20.1 ) (72.0 ) (29.7 ) (42.3 ) Ending balance $ 827.8 $ 407.1 $ 420.7 $ 845.1 $ 389.4 $ 455.7 Current portion $ 86.2 $ 77.1 $ 73.3 $ 67.1 Noncurrent portion $ 741.6 $ 330.0 $ 771.8 $ 322.3 (a) Includes certain administrative costs such as legal-related costs for insurance asset recoveries. Environmental Matters In the ordinary course of business, we are subject to federal, state, local, and foreign environmental laws and regulations. We are responsible, or are alleged to be responsible, for ongoing environmental investigation and site remediation. These sites are in various stages of investigation or remediation and in many of these proceedings our liability is considered de minimis. We have received notification from the U.S. Environmental Protection Agency, and from similar state and foreign environmental agencies, that a number of sites formerly or currently owned or operated by ITT, and other properties or water supplies that may be or have been impacted from those operations, contain disposed or recycled materials or wastes and require environmental investigation or remediation. These sites include instances where we have been identified as a potentially responsible party under federal and state environmental laws and regulations. The following table provides a rollforward of the estimated environmental liability for the nine months ended September 30, 2019 and 2018 . For the Nine Months Ended September 30 2019 2018 Environmental liability - beginning balance $ 66.8 $ 73.9 Change in estimates for pre-existing accruals 0.2 3.4 Accruals added during the period for new matters — 2.0 Payments (a) (4.4 ) (14.6 ) Foreign currency (0.2 ) 0.1 Environmental liability - ending balance $ 62.4 $ 64.8 (a) Includes cash payments of $9.7 for the nine months ended September 30, 2018 related to the sale of a former operating location. Environmental-related assets, representing estimated recoveries from insurance providers and other third parties, were $22.1 and $23.3 as of September 30, 2019 and 2018 , respectively. We are currently involved with 29 active environmental investigation and remediation sites. At September 30, 2019 , we have estimated the potential high-end liability range of environmental-related matters to be $109.0 . As actual costs incurred at identified sites in future periods may vary from our current estimates given the inherent uncertainties in evaluating environmental exposures, management believes it is possible that the outcome of these uncertainties may have a material adverse effect on our financial statements. Other Matters In the second quarter of 2019, the Company settled a civil matter with the U.S. Department of Justice (DOJ) related to an investigation that began in 2015 involving certain connector products manufactured by the Company’s Connect & Control Technologies segment that are purchased or used by the U.S. government. The Company paid $11 to DOJ, acting on behalf of the U.S. government, to settle this matter and avoid the expense and uncertainty of litigation. The Company also received a related insurance recovery of $1 .

ACQUISITIONS Acquisitions (Note

ACQUISITIONS Acquisitions (Notes)	9 Months Ended
	Sep. 30, 2019
Acquisitions [Abstract]
Business Combination Disclosure [Text Block]	ACQUISITIONS Rheinhütte Pumpen Group (Rheinhütte) On April 30, 2019 , we completed the acquisition of 100% of the privately held stock of Rheinhütte for a purchase price of €81 euros, net of cash acquired. The transaction was funded from the Company’s cash and European commercial paper program. The purchase price is subject to change based on customary net working capital adjustments. Rheinhütte, with 2018 revenue of approximately €61.5 euros and approximately 430 employees, has manufacturing locations in Germany and Brazil. Rheinhütte is a designer and manufacturer of highly engineered pumps suited for harsh and corrosive environments for the industrial market. Rheinhütte is reported within the Industrial Process segment. Matrix Composites, Inc. (Matrix) On July 3, 2019 , we completed the acquisition of 100% of the privately held stock of Matrix for a purchase price of $25.8 , net of cash acquired, that is subject to change based on customary net working capital adjustments. The transaction was funded from the Company’s cash. Matrix, a manufacturer of precision composite components within the aerospace and defense market, had 2018 revenue of approximately $12 with growth expected due to a ramp up in production on several next-generation aircraft engine platforms. Matrix has approximately 115 employees and is reported within the Connect & Control Technologies segment. The purchase prices for Rheinhütte and Matrix were allocated to net assets acquired and liabilities assumed based on their preliminary fair values as of the respective acquisition date, with the excess of the purchase price of $36.6 and $8.7 recorded as goodwill, respectively. Other intangibles identified for Rheinhütte include customer relationships, proprietary technology and trade names. Preliminary intangible assets for Matrix consist of customer relationships. The primary areas of the purchase price allocations that are not yet finalized relate to the valuation of certain tangible and intangible assets, liabilities, income tax, and residual goodwill. For each acquisition, we expect to obtain the information necessary to finalize the fair value of the net assets and liabilities during the measurement period, not to exceed one year from the relevant acquisition date. Changes to the preliminary estimates of the fair value during the measurement period will be recorded as adjustments to those assets and liabilities with a corresponding adjustment to goodwill in the period they occur. The goodwill arising from these acquisitions is not expected to be deductible for income tax purposes. Preliminary Allocations of Purchase Price Rheinhütte Matrix Cash $ 4.7 $ 0.5 Receivables 9.7 1.1 Inventory 15.2 1.8 Plant, property and equipment 22.2 2.9 Goodwill 36.6 8.7 Other intangible assets 15.2 12.0 Other assets 3.4 1.9 Accounts payable and accrued liabilities (6.7 ) (2.0 ) Other liabilities (5.3 ) (0.6 ) Net assets acquired $ 95.0 $ 26.3 Pro forma results of operations have not been presented because the acquisitions were not deemed material as of the acquisition dates.

DESCRIPTION OF BUSINESS AND BAS

DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Description of Business	Description of Business ITT Inc. is a diversified manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and oil and gas markets. Unless the context otherwise indicates, references herein to “ITT,” “the Company,” and such words as “we,” “us,” and “our” include ITT Inc. and its subsidiaries. ITT operates through three segments: Motion Technologies, consisting of friction, shock and vibration equipment; Industrial Process, consisting of industrial flow equipment and services; and Connect & Control Technologies, consisting of electronic connectors, fluid handling, motion control and noise and energy absorption products. Financial information for our segments is presented in Note 3 , Segment Information .
Basis of Accounting	Basis of Presentation The unaudited consolidated condensed financial statements have been prepared pursuant to the rules and regulations of the SEC and, in the opinion of management, reflect all known adjustments (which consist primarily of normal, recurring accruals, estimates and assumptions) necessary to state fairly the financial position, results of operations, and cash flows for the periods presented. The Consolidated Condensed Balance Sheet as of December 31, 2018 , presented herein, has been derived from our audited balance sheet included in our Annual Report on Form 10-K (the 2018 Annual Report) for the year ended December 31, 2018 but does not include all disclosures required by GAAP. We consistently applied the accounting policies described in the 2018 Annual Report in preparing these unaudited financial statements, other than those related to new accounting standards adopted during the period. Refer to Note 2 , Recent Accounting Pronouncements for further information. These financial statements should be read in conjunction with the financial statements and notes thereto included in our 2018 Annual Report. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Estimates are revised as additional information becomes available. Estimates and assumptions are used for, but not limited to, asbestos-related liabilities and recoveries from insurers, revenue recognition, unrecognized tax benefits, deferred tax valuation allowances, projected benefit obligations for postretirement plans, accounting for business combinations, goodwill and other intangible asset impairment testing, environmental liabilities and assets, allowance for doubtful accounts and inventory valuation. Actual results could differ from these estimates. ITT’s quarterly financial periods end on the Saturday that is closest to the last day of the calendar quarter, except for the last quarterly period of the fiscal year, which ends on December 31st. For ease of presentation, the quarterly financial statements included herein are described as ending on the last day of the calendar quarter. Certain prior year amounts have been reclassified to conform to the current year presentation.

RECENT ACCOUNTING PRONOUNCEME_2

RECENT ACCOUNTING PRONOUNCEMENTS Recent Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2019
Recent Acconting Pronouncements [Abstract]
Accounting Pronouncements Recently Adopted	Accounting Pronouncements Recently Adopted Leases (ASU 2016-02) In February 2016, the Financial Accounting Standards Board (FASB) issued new guidance which updated the accounting for leases in order to increase transparency and comparability of organizations by requiring balance sheet presentation of leased assets and increased financial statement disclosure of leasing arrangements. The new standard requires entities to recognize a liability for their lease obligations and a corresponding right-of-use asset, initially measured at the present value of the lease payments. Subsequent accounting depends on whether the agreement is deemed to be a financing or operating lease. For operating leases, a lessee recognizes its total lease expense as an operating expense over the lease term. For financing leases, a lessee recognizes amortization of the right-of-use asset as an operating expense over the lease term separately from interest on the lease liability. The ASU requires that assets and liabilities be presented and disclosed separately and the liabilities must be classified appropriately as current and noncurrent. The ASU further requires additional disclosure of certain qualitative and quantitative information related to lease agreements. The ASU was effective for the Company beginning on January 1, 2019, at which time we adopted the new standard using the modified retrospective approach as of the date of adoption. The Company elected to not reassess certain lease characteristics including whether expired or certain existing contracts contain leases, the lease classification prior to adoption, and initial direct costs. Upon adoption, we recognized a right-of-use asset of $80.0 (net of deferred rent of $3.4 previously included within Accrued liabilities and Other non-current liabilities) and a lease liability of $83.4 related to existing leases of real estate, vehicles, and other equipment that are classified as operating leases, and have terms greater than 12 months. The right-of-use asset is included within Other non-current assets and the lease liabilities are included within Accrued liabilities and Other non-current liabilities on the Consolidated Balance Sheet. A summary of the impact to our Consolidated Balance Sheet on January 1, 2019 is as follows: December 31, Effect of Change January 1, Other non-current assets $ 196.8 $ 80.0 $ 276.8 Accrued liabilities 416.7 18.7 435.4 Other non-current liabilities 166.5 61.3 227.8 Targeted Improvements to Accounting for Hedging Activities (ASU 2017-12) In August 2017, the FASB issued amended guidance that simplifies the requirements of hedge accounting. The ASU enables companies to more accurately present the economic effects of risk management activities in the financial statements. The guidance requires the presentation of all items that affect earnings in the same income statement line as the hedged item and is effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years with early adoption permitted. The Company adopted the provisions of ASU 2017-12 on January 1, 2019. The adoption did not result in an impact to our financial results since the Company did not have any derivatives outstanding at the time of adoption. As of September 30, 2019 , the U.S. dollar equivalent notional value of the Company’s outstanding foreign currency forward contracts designated for hedge accounting was $4.7 and the fair value was nominal. Reclassification of Certain Tax Effects From Accumulated Other Comprehensive Income (ASU 2018-02) In February 2018, the FASB issued guidance related to the U.S. Tax Cuts and Jobs Act of 2017 (the Tax Act), which permits an optional reclassification of residual tax effects that are included within accumulated other comprehensive loss, to retained earnings. The reclassification represents the difference between the amount recorded in other comprehensive loss at the historical U.S. federal tax rate at the time the Tax Act became effective, and the amount that would have been recorded at the newly enacted rate. This guidance became effective during the first quarter of 2019, however we did not elect to make the optional reclassification.
Description of New Accounting Pronouncements Not yet Adopted [Text Block]	Accounting Pronouncements Not Yet Adopted Measurement of Credit Losses on Financial Instruments (ASU 2016-13) In June 2016, the FASB issued updated guidance that requires entities to use a current expected credit loss model to measure credit-related impairments for financial instruments held at amortized cost, including trade receivables. The current expected credit loss model is based on relevant information about past events, including historical experience, current conditions and reasonable and supportable forecasts that affect collectability. Current expected credit losses, and subsequent adjustments, represent an estimate of lifetime expected credit losses that are recorded as an allowance deducted from the amortized cost of the financial instrument. The updated guidance is effective for the Company beginning on January 1, 2020 and will be adopted using a modified retrospective transition approach. The Company is currently evaluating the effect of adoption on our financial statements.

RECENT ACCOUNTING PRONOUNCEME_3

RECENT ACCOUNTING PRONOUNCEMENTS Recent Accounting Pronouncements (Tables)	9 Months Ended
	Sep. 30, 2019
Modified Retrospective Adoption of New Accounting Pronouncements [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Adoption of ASU 2016-02, Cumulative Effect Adjustments Due to Open Contracts [Table Text Block]	A summary of the impact to our Consolidated Balance Sheet on January 1, 2019 is as follows: December 31, Effect of Change January 1, Other non-current assets $ 196.8 $ 80.0 $ 276.8 Accrued liabilities 416.7 18.7 435.4 Other non-current liabilities 166.5 61.3 227.8

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Revenue Operating Income Operating Margin For the Three Months Ended September 30 2019 2018 2019 2018 2019 2018 Motion Technologies $ 304.5 $ 310.3 $ 56.7 $ 58.5 18.6 % 18.9 % Industrial Process 240.3 205.0 22.0 23.7 9.2 % 11.6 % Connect & Control Technologies 167.9 166.0 28.4 26.0 16.9 % 15.7 % Total segment results 712.7 681.3 107.1 108.2 15.0 % 15.9 % Asbestos-related benefit, net — — 56.2 4.3 — — Gain on sale of long-lived assets — — — 38.0 — — Eliminations / Other corporate costs (0.8 ) (0.7 ) (10.8 ) (12.7 ) — — Total Eliminations / Corporate and Other costs (0.8 ) (0.7 ) 45.4 29.6 — — Total $ 711.9 $ 680.6 $ 152.5 $ 137.8 21.4 % 20.2 % Revenue Operating Income Operating Margin For the Nine Months Ended September 30 2019 2018 2019 2018 2019 2018 Motion Technologies $ 937.4 $ 982.8 $ 169.6 $ 175.9 18.1 % 17.9 % Industrial Process 688.6 598.0 70.2 64.0 10.2 % 10.7 % Connect & Control Technologies 503.1 488.0 85.4 76.3 17.0 % 15.6 % Total segment results 2,129.1 2,068.8 325.2 316.2 15.3 % 15.3 % Asbestos-related benefit, net — — 31.8 10.5 — — Gain on sale of long-lived assets — — 0.5 38.0 — — Eliminations / Corporate and other costs (1.8 ) (2.1 ) (28.4 ) (36.0 ) — — Total Eliminations / Corporate and Other costs (1.8 ) (2.1 ) 3.9 12.5 — — Total $ 2,127.3 $ 2,066.7 $ 329.1 $ 328.7 15.5 % 15.9 %
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Total Assets Capital Expenditures Depreciation & Amortization As of and for the Nine Months Ended September 30 2019 2018 (a) 2019 2018 2019 2018 Motion Technologies $ 1,188.2 $ 1,147.2 $ 44.8 $ 54.1 $ 42.9 $ 42.8 Industrial Process 1,115.2 1,000.1 8.5 3.5 19.8 20.5 Connect & Control Technologies 756.0 694.0 13.4 6.0 15.9 16.2 Corporate and Other 1,004.8 1,005.5 2.6 0.2 2.5 3.0 Total $ 4,064.2 $ 3,846.8 $ 69.3 $ 63.8 $ 81.1 $ 82.5

REVENUE Revenue (Tables)

REVENUE Revenue (Tables)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue [Table Text Block]	The following table represents our revenue disaggregated by end market for the three and nine months ended September 30, 2019 and 2018 . For the Three Months Ended September 30, 2019 Motion Technologies Industrial Process Connect & Control Technologies Eliminations Total Automotive and rail $ 301.1 $ — $ — $ — $ 301.1 Chemical and industrial pumps — 185.7 — — 185.7 Aerospace and defense 1.1 — 104.0 — 105.1 Oil and gas — 54.6 11.4 — 66.0 General industrial 2.3 — 52.5 (0.8 ) 54.0 Total $ 304.5 $ 240.3 $ 167.9 $ (0.8 ) $ 711.9 For the Nine Months Ended September 30, 2019 Automotive and rail $ 923.2 $ — $ — $ (0.1 ) $ 923.1 Chemical and industrial pumps — 515.9 — — 515.9 Aerospace and defense 6.2 — 308.8 — 315.0 Oil and gas — 172.7 30.0 — 202.7 General industrial 8.0 — 164.3 (1.7 ) 170.6 Total $ 937.4 $ 688.6 $ 503.1 $ (1.8 ) $ 2,127.3	For the Three Months Ended September 30, 2018 Motion Technologies Industrial Process Connect & Control Technologies Eliminations Total Automotive and rail $ 305.4 $ — $ — $ — $ 305.4 Chemical and industrial pumps — 145.6 — — 145.6 Aerospace and defense 1.3 — 92.9 — 94.2 Oil and gas — 59.4 12.5 — 71.9 General industrial 3.6 — 60.6 (0.7 ) 63.5 Total $ 310.3 $ 205.0 $ 166.0 $ (0.7 ) $ 680.6 For the Nine Months Ended September 30, 2018 Automotive and rail $ 966.5 $ — $ — $ (0.1 ) $ 966.4 Chemical and industrial pumps — 440.3 — — 440.3 Aerospace and defense 5.8 — 276.6 — 282.4 Oil and gas — 157.7 31.6 — 189.3 General industrial 10.5 — 179.8 (2.0 ) 188.3 Total $ 982.8 $ 598.0 $ 488.0 $ (2.1 ) $ 2,066.7
Contract with Customer, Asset and Liability [Table Text Block]	The following table represents our net contract assets and liabilities as of September 30, 2019 and December 31, 2018 . September 30, December 31, Change Current contract assets $ 33.6 $ 21.8 54.1 % Non-current contract assets — 0.7 (100.0 )% Current contract liabilities (52.7 ) (61.0 ) (13.6 )% Net contract liabilities $ (19.1 ) $ (38.5 ) (50.4 )%

RESTRUCTURING ACTIONS RESTRUC_2

RESTRUCTURING ACTIONS RESTRUCTURING ACTIONS (Tables)	9 Months Ended
	Sep. 30, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Costs [Table Text Block]	Three Months Nine Months For the Periods Ended September 30 2019 2018 2019 2018 Severance and other employee-related $ 6.5 $ 0.8 $ 10.5 $ 2.4 Other 0.2 0.1 0.4 0.6 Total restructuring costs $ 6.7 $ 0.9 $ 10.9 $ 3.0 By segment: Motion Technologies 0.7 0.4 $ 4.5 $ 1.7 Industrial Process 5.1 — 5.5 — Connect & Control Technologies 0.9 0.5 0.8 1.3 Corporate and Other — — 0.1 —
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 nine months ended September 30, 2019 and 2018 . For the Periods Ended September 30 2019 2018 Restructuring accruals - beginning balance $ 6.7 $ 8.9 Restructuring costs 10.9 3.0 Cash payments (7.8 ) (5.9 ) Foreign exchange translation and other (0.4 ) 0.8 Restructuring accrual - ending balance $ 9.4 $ 6.8 By accrual type: Severance and other employee-related $ 9.1 $ 6.0 Other 0.3 0.8

INCOME TAXES Income Tax Expense

INCOME TAXES Income Tax Expense (Tables)	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Three Months Nine Months For the Periods Ended September 30 2019 2018 Change 2019 2018 Change Income tax expense $ 34.1 $ 25.9 31.7 % $ 73.1 $ 42.4 72.4 % Effective tax rate 22.3 % 18.9 % 340bp 22.1 % 13.1 % 900bp

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2019
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 nine months ended September 30, 2019 and 2018 . Three Months Nine Months For the Periods Ended September 30 2019 2018 2019 2018 Basic weighted average common shares outstanding 87.8 87.6 87.7 87.7 Add: Dilutive impact of outstanding equity awards 0.9 1.1 0.9 1.0 Diluted weighted average common shares outstanding 88.7 88.7 88.6 88.7

RECEIVABLES, NET (Tables)

RECEIVABLES, NET (Tables)	9 Months Ended
	Sep. 30, 2019
Receivables [Abstract]
RECEIVABLES, NET	September 30, December 31, Trade accounts receivable $ 556.8 $ 531.7 Notes receivable 7.6 3.7 Other 21.3 22.9 Receivables, gross 585.7 558.3 Less: Allowance for doubtful accounts (11.4 ) (18.3 ) Receivables, net $ 574.3 $ 540.0

INVENTORIES, NET (Tables)

INVENTORIES, NET (Tables)	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
Inventories, Net	September 30, December 31, Finished goods $ 60.8 $ 64.2 Work in process 101.9 83.1 Raw materials 251.9 233.2 Inventories, net $ 414.6 $ 380.5

OTHER CURRENT AND NON-CURRENT_2

OTHER CURRENT AND NON-CURRENT ASSETS (Tables)	9 Months Ended
	Sep. 30, 2019
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Current and Non Current Assets	September 30, December 31, Asbestos-related assets $ 77.1 $ 67.1 Advance payments and other prepaid expenses 34.4 44.5 Current contract assets 33.6 21.8 Prepaid income taxes 15.0 19.6 Other 1.6 10.4 Other current assets $ 161.7 $ 163.4 Other employee benefit-related assets $ 119.1 $ 104.7 Operating lease right-of-use assets (see Note 2) 88.9 — Capitalized software costs 31.0 35.3 Environmental-related assets 22.1 23.4 Equity method investments 9.4 7.7 Other 29.1 25.7 Other non-current assets $ 299.6 $ 196.8

PLANT, PROPERTY AND EQUIPMENT_2

PLANT, PROPERTY AND EQUIPMENT, NET (Tables)	9 Months Ended
	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Plant, Property and Equipment, Net	Useful life (in years) September 30, December 31, Machinery and equipment 2 - 10 $ 1,080.9 $ 1,056.9 Buildings and improvements 5 - 40 272.2 265.3 Furniture, fixtures and office equipment 3 - 7 78.7 69.1 Construction work in progress 66.4 67.9 Land and improvements 32.6 27.8 Other 9.8 10.3 Plant, property and equipment, gross 1,540.6 1,497.3 Less: Accumulated depreciation (1,018.9 ) (978.5 ) Plant, property and equipment, net $ 521.7 $ 518.8

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS, NET (Tables)	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in the Carrying Amount of Goodwill	Goodwill The following table provides a rollforward of the carrying amount of goodwill for the nine months ended September 30, 2019 by segment. Motion Industrial Process Connect & Control Technologies Total Goodwill - December 31, 2018 $ 294.5 $ 315.8 $ 265.6 $ 875.9 Acquired — 36.6 8.7 45.3 Foreign exchange translation (3.6 ) (6.8 ) (1.0 ) (11.4 ) Goodwill - September 30, 2019 $ 290.9 $ 345.6 $ 273.3 $ 909.8
Other Intangible Assets	Other Intangible Assets, Net Information regarding our other intangible assets is as follows: September 30, 2019 December 31, 2018 Gross Carrying Amount Accumulated Amortization Net Intangibles Gross Carrying Amount Accumulated Amortization Net Intangibles Customer relationships $ 179.3 $ (95.7 ) $ 83.6 $ 164.1 $ (86.2 ) $ 77.9 Proprietary technology 57.9 (26.8 ) 31.1 53.7 (25.6 ) 28.1 Patents and other 12.6 (9.7 ) 2.9 12.3 (9.4 ) 2.9 Finite-lived intangible total 249.8 (132.2 ) 117.6 230.1 (121.2 ) 108.9 Indefinite-lived intangibles 30.1 — 30.1 27.2 — 27.2 Other intangible assets $ 279.9 $ (132.2 ) $ 147.7 $ 257.3 $ (121.2 ) $ 136.1

ACCRUED AND OTHER CURRENT LIA_2

ACCRUED AND OTHER CURRENT LIABILITIES AND OTHER NON-CURRENT LIABILITIES (Tables)	9 Months Ended
	Sep. 30, 2019
Payables and Accruals [Abstract]
Accrued Liabilities and Other Non-Current Liabilities	September 30, December 31, Compensation and other employee-related benefits $ 149.2 $ 152.2 Contract liabilities and other customer-related liabilities 72.2 82.2 Asbestos-related liability 86.2 74.2 Accrued income taxes and other tax-related liabilities 28.6 33.7 Operating lease liabilities (see Note 2) 18.2 — Accrued warranty costs 17.2 16.2 Environmental liabilities and other legal matters 17.1 24.0 Other 37.0 34.2 Accrued liabilities $ 425.7 $ 416.7 Environmental liabilities $ 55.3 $ 59.5 Operating lease liabilities (see Note 2) 74.4 — Compensation and other employee-related benefits 34.4 34.2 Deferred income taxes and other tax-related accruals 24.4 25.0 Other 49.2 47.8 Other non-current liabilities $ 237.7 $ 166.5

LEASES Leases (Tables)

LEASES Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Future operating lease payments under non-cancellable operating leases with an initial term in excess of 12 months as of September 30, 2019 are shown below. 2019 $ 5.6 2020 20.3 2021 16.2 2022 13.1 2023 10.4 2024 and thereafter 58.6 Total lease payments 124.2 Less: amount of lease payments representing interest (31.6 ) Present value of future lease payments $ 92.6 Short-term lease liability $ 18.2 Long-term lease liability 74.4 Present value of future lease payments $ 92.6
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Future minimum operating lease payments under non-cancellable operating leases with an initial term in excess of 12 months as of December 31, 2018 are shown below. 2019 $ 22.2 2020 16.8 2021 12.6 2022 10.2 2023 8.1 2024 and thereafter 46.4 Total minimum lease payments $ 116.3

DEBT Debt (Tables)

DEBT Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	September 30, December 31, Commercial paper $ 120.3 $ 114.4 Current maturities of long-term debt and finance leases 2.4 1.8 Commercial paper and current maturities of long-term debt 122.7 116.2 Long-term debt and finance leases 12.6 8.8 Total debt and finance leases $ 135.3 $ 125.0

POSTRETIREMENT BENEFIT PLANS (T

POSTRETIREMENT BENEFIT PLANS (Tables)	9 Months Ended
	Sep. 30, 2019
Retirement Benefits [Abstract]
Net Periodic Benefit Cost of Pension Plans and Other Employee Related Benefit Plans	The following table provides the components of net periodic benefit cost for pension plans and other employee-related benefit plans for the three and nine months ended September 30, 2019 and 2018 . 2019 2018 For the Three Months Ended September 30 Pension Other Benefits Total Pension Other Benefits Total Service cost $ 0.4 $ 0.2 $ 0.6 $ 0.4 $ 0.2 $ 0.6 Interest cost 3.1 1.0 4.1 3.0 1.0 4.0 Expected return on plan assets (3.8 ) (0.1 ) (3.9 ) (4.4 ) — (4.4 ) Amortization of prior service cost (benefit) 0.2 (1.3 ) (1.1 ) 0.2 (1.3 ) (1.1 ) Amortization of net actuarial loss 1.3 0.6 1.9 1.5 0.9 2.4 Net periodic benefit cost 1.2 0.4 1.6 0.7 0.8 1.5 Loss from settlement or curtailment — — — 1.4 — 1.4 Total net periodic benefit cost $ 1.2 $ 0.4 $ 1.6 $ 2.1 $ 0.8 $ 2.9 2019 2018 For the Nine Months Ended September 30 Pension Other Total Pension Other Total Service cost $ 1.1 $ 0.5 $ 1.6 $ 1.2 $ 0.6 $ 1.8 Interest cost 9.4 3.0 12.4 8.6 3.2 11.8 Expected return on plan assets (11.0 ) (0.1 ) (11.1 ) (11.2 ) (0.2 ) (11.4 ) Amortization of prior service cost (benefit) 0.6 (3.9 ) (3.3 ) 0.6 (3.9 ) (3.3 ) Amortization of net actuarial loss 3.9 1.7 5.6 4.5 3.1 7.6 Net periodic benefit cost 4.0 1.2 5.2 3.7 2.8 6.5 Loss from settlement or curtailment — — — 1.4 — 1.4 Total net periodic benefit cost $ 4.0 $ 1.2 $ 5.2 $ 5.1 $ 2.8 $ 7.9

LONG-TERM INCENTIVE EMPLOYEE _2

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2019
Share-based Payment Arrangement [Abstract]
Long-Term Incentive Employee Compensation Costs	The following table provides the components of LTIP costs for the three and nine months ended September 30, 2019 and 2018 . Three Months Nine Months For the Periods Ended September 30 2019 2018 2019 2018 Equity-based awards $ 3.9 $ 6.7 $ 12.3 $ 16.9 Liability-based awards 0.3 0.9 1.7 1.7 Total share-based compensation expense $ 4.2 $ 7.6 $ 14.0 $ 18.6
Summary of Long-Term Incentive Plan Award Grants during year	During the nine months ended September 30, 2019 , we granted the following LTIP awards as provided in the table below: # of Awards Granted Weighted Average Grant Date Fair Value Per Share Restricted stock units (RSUs) 0.2 $ 58.75 Performance stock units (PSUs) 0.1 $ 65.28

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2019
Statement of Other Comprehensive Income [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Postretirement Benefit Plans Cumulative Translation Adjustment Accumulated Other Comprehensive Loss December 31, 2018 $ (131.6 ) $ (243.9 ) $ (375.5 ) Net change during period 0.6 (2.4 ) (1.8 ) March 31, 2019 (131.0 ) (246.3 ) (377.3 ) Net change during period 0.5 5.3 5.8 June 30, 2019 (130.5 ) (241.0 ) (371.5 ) Net change during period 2.3 (34.4 ) (32.1 ) September 30, 2019 $ (128.2 ) $ (275.4 ) $ (403.6 ) Postretirement Benefit Plans Cumulative Translation Adjustment Accumulated Other Comprehensive Loss December 31, 2017 $ (137.6 ) $ (210.6 ) $ (348.2 ) Net change during period 1.1 26.5 27.6 March 31, 2018 (136.5 ) (184.1 ) (320.6 ) Net change during period 1.1 (47.1 ) (46.0 ) June 30, 2018 (135.4 ) (231.2 ) (366.6 ) Net change during period 3.9 (5.0 ) (1.1 ) September 30, 2018 $ (131.5 ) $ (236.2 ) $ (367.7 )

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Product Liability Contingencies [Table Text Block]	As of September 30, 2019 , there were approximately 24 thousand pending claims against ITT subsidiaries, including Goulds Pumps LLC, filed in various state and federal courts alleging injury as a result of exposure to asbestos. Activity related to these asserted asbestos claims during the period was as follows: Pending claims – Beginning 24 New claims 3 Settlements (1 ) Dismissals (2 ) Pending claims – Ending 24
Net Asbestos Charges [Table Text Block]	The table below summarizes the total net asbestos charges for the three and nine months ended September 30, 2019 and 2018. Three Months Nine Months For the Periods Ended September 30 2019 2018 2019 2018 Asbestos provision $ 11.9 $ 13.4 $ 36.3 $ 39.3 Net asbestos remeasurement (benefit) cost (68.1 ) 7.2 (68.1 ) 7.2 Insurance settlement agreements (a) — (24.9 ) — (57.0 ) Asbestos-related benefit, net $ (56.2 ) $ (4.3 ) $ (31.8 ) $ (10.5 ) (a) During 2018, we entered into a settlement agreement and a settlement-in-principle with insurers to settle responsibility for multiple insurance claims. Under the terms of the agreements, the insurers agreed to upfront payments to a Qualified Settlement Fund for past costs in addition to providing coverage for certain future asbestos claims on specified terms and conditions.
Roll Forward of Asbestos Liability and Related Assets	he following table provides a rollforward of the estimated asbestos liability and related assets for the nine months ended September 30, 2019 and 2018 . 2019 2018 For the Nine Months Ended September 30 Liability Asset Net Liability Asset Net Beginning balance $ 849.3 $ 376.7 $ 472.6 $ 877.2 $ 368.7 $ 508.5 Asbestos provision (a) 45.1 8.8 36.3 48.5 9.2 39.3 Asbestos remeasurement (4.5 ) 63.6 (68.1 ) (8.6 ) (15.8 ) 7.2 Insurance settlement agreement — — — — 57.0 (57.0 ) Net cash activity (a) (62.1 ) (42.0 ) (20.1 ) (72.0 ) (29.7 ) (42.3 ) Ending balance $ 827.8 $ 407.1 $ 420.7 $ 845.1 $ 389.4 $ 455.7 Current portion $ 86.2 $ 77.1 $ 73.3 $ 67.1 Noncurrent portion $ 741.6 $ 330.0 $ 771.8 $ 322.3 (a) Includes certain administrative costs such as legal-related costs for insurance asset recoveries.
Rollforward of Environmental Liability and Related Assets	The following table provides a rollforward of the estimated environmental liability for the nine months ended September 30, 2019 and 2018 . For the Nine Months Ended September 30 2019 2018 Environmental liability - beginning balance $ 66.8 $ 73.9 Change in estimates for pre-existing accruals 0.2 3.4 Accruals added during the period for new matters — 2.0 Payments (a) (4.4 ) (14.6 ) Foreign currency (0.2 ) 0.1 Environmental liability - ending balance $ 62.4 $ 64.8 (a) Includes cash payments of $9.7 for the nine months ended September 30, 2018 related to the sale of a former operating location.

ACQUISITIONS Acquisitions (Tabl

ACQUISITIONS Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2019
Acquisitions [Abstract]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	Preliminary Allocations of Purchase Price Rheinhütte Matrix Cash $ 4.7 $ 0.5 Receivables 9.7 1.1 Inventory 15.2 1.8 Plant, property and equipment 22.2 2.9 Goodwill 36.6 8.7 Other intangible assets 15.2 12.0 Other assets 3.4 1.9 Accounts payable and accrued liabilities (6.7 ) (2.0 ) Other liabilities (5.3 ) (0.6 ) Net assets acquired $ 95.0 $ 26.3

RECENT ACCOUNTING PRONOUNCEME_4

RECENT ACCOUNTING PRONOUNCEMENTS Adoption of ASU 2016-02: Opening Balance Sheet Cumulative Effect Adjustments (Details) - Accounting Standards Update 2016-02 [Member] - USD ($) $ in Millions	Jan. 01, 2019	Dec. 31, 2018
Other Noncurrent Assets [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance as of December 31, 2017 - Prior to Adoption of ASU 2014-09		$ 196.8
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	$ 80
Balance as of January 1, 2018 - Subsequent to Adoption of ASU 2014-09	276.8
Accrued Liabilities [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance as of December 31, 2017 - Prior to Adoption of ASU 2014-09		(416.7)
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	(18.7)
Balance as of January 1, 2018 - Subsequent to Adoption of ASU 2014-09	(435.4)
Other Noncurrent Liabilities [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Balance as of December 31, 2017 - Prior to Adoption of ASU 2014-09		$ (166.5)
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	(61.3)
Balance as of January 1, 2018 - Subsequent to Adoption of ASU 2014-09	$ (227.8)

RECENT ACCOUNTING PRONOUNCEME_5

RECENT ACCOUNTING PRONOUNCEMENTS Adoption of ASU 2016-02: Textuals (Details) $ in Millions	Jan. 01, 2019USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right of Use Asset	$ 80
Deferred Rent Credit	3.4
Operating and Finance Lease Liability	$ 83.4

RECENT ACCOUNTING PRONOUNCEME_6

RECENT ACCOUNTING PRONOUNCEMENTS Adoption of 2017-12: Textuals (Details) $ in Millions	Sep. 30, 2019USD ($)
Foreign Exchange Forward [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Derivative, Notional Amount	$ 4.7

SEGMENT INFORMATION - Schedule

SEGMENT INFORMATION - Schedule of Segment Reporting Information by Segment Revenue (Detail) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)Segment	Sep. 30, 2018USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments | Segment			3
Revenue	$ 711.9	$ 680.6	$ 2,127.3	$ 2,066.7
Operating income	$ 152.5	$ 137.8	$ 329.1	$ 328.7
Operating Margin	21.40%	20.20%	15.50%	15.90%
Total Segment Results [Member]
Segment Reporting Information [Line Items]
Revenue	$ 712.7	$ 681.3	$ 2,129.1	$ 2,068.8
Operating income	$ 107.1	$ 108.2	$ 325.2	$ 316.2
Operating Margin	15.00%	15.90%	15.30%	15.30%
Motion Technologies [Member]
Segment Reporting Information [Line Items]
Revenue	$ 304.5	$ 310.3	$ 937.4	$ 982.8
Operating income	$ 56.7	$ 58.5	$ 169.6	$ 175.9
Operating Margin	18.60%	18.90%	18.10%	17.90%
Industrial Process [Member]
Segment Reporting Information [Line Items]
Revenue	$ 240.3	$ 205	$ 688.6	$ 598
Operating income	$ 22	$ 23.7	$ 70.2	$ 64
Operating Margin	9.20%	11.60%	10.20%	10.70%
Connect & Control Technologies [Member]
Segment Reporting Information [Line Items]
Revenue	$ 167.9	$ 166	$ 503.1	$ 488
Operating income	$ 28.4	$ 26	$ 85.4	$ 76.3
Operating Margin	16.90%	15.70%	17.00%	15.60%
Total Eliminations / Corporate and Other costs
Segment Reporting Information [Line Items]
Revenue	$ (0.8)	$ (0.7)	$ (1.8)	$ (2.1)
Operating income	$ 45.4	$ 29.6	$ 3.9	$ 12.5
Operating Margin	0.00%	0.00%	0.00%	0.00%
Asbestos-related benefit, net
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 0	$ 0	$ 0
Operating income	$ 56.2	$ 4.3	$ 31.8	$ 10.5
Operating Margin	0.00%	0.00%	0.00%	0.00%
Gain on sale of long-lived assets
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 0	$ 0	$ 0
Operating income	$ 0	$ 38	$ 0.5	$ 38
Operating Margin	0.00%	0.00%	0.00%	0.00%
Eliminations / Corporate and other costs
Segment Reporting Information [Line Items]
Revenue	$ (0.8)	$ (0.7)	$ (1.8)	$ (2.1)
Operating income	$ (10.8)	$ (12.7)	$ (28.4)	$ (36)
Operating Margin	0.00%	0.00%	0.00%	0.00%

SEGMENT INFORMATION - Schedul_2

SEGMENT INFORMATION - Schedule of Segment Reporting Information by Segment Assets (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	[1]
Segment Reporting Information [Line Items]
Total Assets	$ 4,064.2		$ 3,846.8
Capital Expenditures	69.3	$ 63.8
Depreciation & Amortization	81.1	82.5
Motion Technologies [Member]
Segment Reporting Information [Line Items]
Total Assets	1,188.2		1,147.2
Capital Expenditures	44.8	54.1
Depreciation & Amortization	42.9	42.8
Industrial Process [Member]
Segment Reporting Information [Line Items]
Total Assets	1,115.2		1,000.1
Capital Expenditures	8.5	3.5
Depreciation & Amortization	19.8	20.5
Connect & Control Technologies [Member]
Segment Reporting Information [Line Items]
Total Assets	756		694
Capital Expenditures	13.4	6
Depreciation & Amortization	15.9	16.2
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Total Assets	1,004.8		$ 1,005.5
Capital Expenditures	2.6	0.2
Depreciation & Amortization	$ 2.5	$ 3
[1]	Amounts reflect balances as of December 31, 2018 .

REVENUE Revenue (Details)

REVENUE Revenue (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Revenue	$ 711.9	$ 680.6	$ 2,127.3	$ 2,066.7
Automotive and rail [Member]
Disaggregation of Revenue [Line Items]
Revenue	301.1	305.4	923.1	966.4
Chemical and industrial pumps [Member]
Disaggregation of Revenue [Line Items]
Revenue	185.7	145.6	515.9	440.3
Aerospace and defense [Member]
Disaggregation of Revenue [Line Items]
Revenue	105.1	94.2	315	282.4
Oil and Gas [Member]
Disaggregation of Revenue [Line Items]
Revenue	66	71.9	202.7	189.3
General industrial [Member]
Disaggregation of Revenue [Line Items]
Revenue	54	63.5	170.6	188.3
Motion Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue	240.3	205	937.4	982.8
Motion Technologies [Member] | Automotive and rail [Member]
Disaggregation of Revenue [Line Items]
Revenue	301.1	305.4	923.2	966.5
Motion Technologies [Member] | Chemical and industrial pumps [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Motion Technologies [Member] | Aerospace and defense [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	6.2	5.8
Motion Technologies [Member] | Oil and Gas [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Motion Technologies [Member] | General industrial [Member]
Disaggregation of Revenue [Line Items]
Revenue	2.3	3.6	8	10.5
Industrial Process [Member]
Disaggregation of Revenue [Line Items]
Revenue	304.5	310.3	688.6	598
Industrial Process [Member] | Automotive and rail [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Industrial Process [Member] | Chemical and industrial pumps [Member]
Disaggregation of Revenue [Line Items]
Revenue	185.7	145.6	515.9	440.3
Industrial Process [Member] | Aerospace and defense [Member]
Disaggregation of Revenue [Line Items]
Revenue	1.1	1.3	0	0
Industrial Process [Member] | Oil and Gas [Member]
Disaggregation of Revenue [Line Items]
Revenue	54.6	59.4	172.7	157.7
Industrial Process [Member] | General industrial [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Connect & Control Technologies [Member]
Disaggregation of Revenue [Line Items]
Revenue	167.9	166	503.1	488
Connect & Control Technologies [Member] | Automotive and rail [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Connect & Control Technologies [Member] | Chemical and industrial pumps [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Connect & Control Technologies [Member] | Aerospace and defense [Member]
Disaggregation of Revenue [Line Items]
Revenue	104	92.9	308.8	276.6
Connect & Control Technologies [Member] | Oil and Gas [Member]
Disaggregation of Revenue [Line Items]
Revenue	11.4	12.5	30	31.6
Connect & Control Technologies [Member] | General industrial [Member]
Disaggregation of Revenue [Line Items]
Revenue	52.5	60.6	164.3	179.8
Consolidation, Eliminations [Member]
Disaggregation of Revenue [Line Items]
Revenue	(0.8)	(0.7)	(1.8)	(2.1)
Consolidation, Eliminations [Member] | Automotive and rail [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	(0.1)	(0.1)
Consolidation, Eliminations [Member] | Chemical and industrial pumps [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Consolidation, Eliminations [Member] | Aerospace and defense [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Consolidation, Eliminations [Member] | Oil and Gas [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Consolidation, Eliminations [Member] | General industrial [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ (0.8)	$ (0.7)	$ (1.7)	$ (2)

REVENUE Contract Assets and Lia

REVENUE Contract Assets and Liabilities (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Contract with Customer, Asset and Liability [Abstract]
Current contract assets	$ 33.6	$ 21.8
Current Contract Assets, Percentage Change from Prior Period	54.10%
Contract with Customer, Asset, Net, Noncurrent	$ 0	0.7
Noncurrent Contract Assets, Percentage Change from Prior Period	(100.00%)
Contract with Customer, Liability	$ (52.7)	(61)
Current Contract Liabilities, Percentage Change from Prior Period	(13.60%)
Net Contract Liabilities	$ 19.1	$ 38.5
Net Contract Liability, Percentage Change from Prior Period	(50.40%)

REVENUE Revenue Textuals (Detai

REVENUE Revenue Textuals (Details) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Contract with Customer, Liability, Revenue Recognized	$ 9.2	$ 41.6
Long-term Contract with Customer [Member]
Revenue, Remaining Performance Obligation, Amount	98.9	98.9
Remaining Current Fiscal Year [Member] | Long-term Contract with Customer [Member] | Minimum [Member]
Revenue, Remaining Performance Obligation, Amount	15	15
Remaining Current Fiscal Year [Member] | Long-term Contract with Customer [Member] | Maximum [Member]
Revenue, Remaining Performance Obligation, Amount	20	20
Next Fiscal Year [Member] | Long-term Contract with Customer [Member] | Minimum [Member]
Revenue, Remaining Performance Obligation, Amount	65	65
Next Fiscal Year [Member] | Long-term Contract with Customer [Member] | Maximum [Member]
Revenue, Remaining Performance Obligation, Amount	$ 75	$ 75

RESTRUCTURING ACTIONS Restruc_3

RESTRUCTURING ACTIONS Restructuring Costs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 6.7	$ 0.9	$ 10.9	$ 3
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	6.5	0.8	10.5	2.4
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0.2	0.1	0.4	0.6
Motion Technologies [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0.7	0.4	4.5	1.7
Industrial Process [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	5.1	0	5.5	0
Connect & Control Technologies [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	0.9	0.5	0.8	1.3
Corporate and Other [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring costs	$ 0	$ 0	$ 0.1	$ 0

RESTRUCTURING ACTIONS Restruc_4

RESTRUCTURING ACTIONS Restructuring Accrual Rollforward (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Beginning Balance			$ 6.7	$ 8.9
Restructuring costs	$ 6.7	$ 0.9	10.9	3
Cash payments			(7.8)	(5.9)
Foreign exchange translation and other			(0.4)	0.8
Restructuring Reserve - Ending Balance	9.4	6.8	9.4	6.8
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Beginning Balance			6
Restructuring costs	6.5	0.8	10.5	2.4
Restructuring Reserve - Ending Balance	9.1		9.1
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve - Beginning Balance			0.8
Restructuring costs	0.2	$ 0.1	0.4	$ 0.6
Restructuring Reserve - Ending Balance	$ 0.3		$ 0.3

INCOME TAXES Income Tax Expen_2

INCOME TAXES Income Tax Expense (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income tax expense	$ 34.1	$ 25.9	$ 73.1	$ 42.4
Income Tax Expense, Increase from Prior Year, Percent Change	31.70%		72.40%
Effective income tax rate	22.30%	18.90%	22.10%	13.10%
Effective Tax Rate, Increase from Prior Year, Basis Point Change	340		900

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions	$ 3.4
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	14
UK Deferred Tax Assets [Member]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 1.8
German Deferred Tax Assets [Member]
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount		$ 21.6

EARNINGS PER SHARE DATA - Basic

EARNINGS PER SHARE DATA - Basic and Diluted Loss Per Share (Detail) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share [Abstract]
Weighted average common shares – basic	87.8	87.6	87.7	87.7
Add: Dilutive impact of outstanding equity awards	0.9	1.1	0.9	1
Diluted weighted average common shares outstanding	88.7	88.7	88.6	88.7

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	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	0	0

RECEIVABLES, NET - (Detail)

RECEIVABLES, NET - (Detail) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade accounts receivable	$ 556.8	$ 531.7
Notes receivable	7.6	3.7
Other	21.3	22.9
Receivables, gross	585.7	558.3
Less: Allowance for doubtful accounts	(11.4)	(18.3)
Receivables, net	$ 574.3	$ 540

INVENTORIES, NET - Components o

INVENTORIES, NET - Components of Inventories, Net (Detail) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Finished goods	$ 60.8	$ 64.2
Work in process	101.9	83.1
Raw materials	251.9	233.2
Inventories, net	$ 414.6	$ 380.5

INVENTORIES, NET Inventory Text

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

OTHER CURRENT AND NON-CURRENT_3

OTHER CURRENT AND NON-CURRENT ASSETS - Components of Other Current and Non-Current Assets (Detail) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Asbestos-related assets	$ 77.1	$ 67.1	$ 67.1
Advance payments and other prepaid expenses	34.4	44.5
Current contract assets	33.6	21.8
Prepaid income taxes	15	19.6
Other	1.6	10.4
Other current assets	161.7	163.4
Other employee benefit-related assets	119.1	104.7
Operating lease right-of-use assets (see Note 2)	88.9	0
Capitalized software costs	31	35.3
Environmental-related assets	22.1	23.4	$ 23.3
Equity method investments	9.4	7.7
Other	29.1	25.7
Other non-current assets	$ 299.6	$ 196.8

PLANT, PROPERTY AND EQUIPMENT_3

PLANT, PROPERTY AND EQUIPMENT, NET - Components of Plant, Property and Equipment, Net (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Machinery and equipment	$ 1,080.9	$ 1,056.9
Buildings and improvements	272.2	265.3
Furniture, fixtures and office equipment	78.7	69.1
Construction work in progress	66.4	67.9
Land and improvements	32.6	27.8
Other	9.8	10.3
Plant, property and equipment, gross	1,540.6	1,497.3
Less: Accumulated depreciation	(1,018.9)	(978.5)
Plant, property and equipment, net	$ 521.7	$ 518.8
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	2 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Building and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	7 years

PLANT, PROPERTY AND EQUIPMENT_4

PLANT, PROPERTY AND EQUIPMENT, NET - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 20.7	$ 20.7	$ 61.4	$ 62.4

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS, NET - Changes in the Carrying Amount of Goodwill (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Goodwill [Roll Forward]
Goodwill - Beginning Balance	$ 875.9
Goodwill, Acquired During Period	45.3
Foreign exchange translation	(11.4)
Goodwill - Ending Balance	909.8
Motion Technologies [Member]
Goodwill [Roll Forward]
Goodwill - Beginning Balance	294.5
Goodwill, Acquired During Period	0
Foreign exchange translation	(3.6)
Goodwill - Ending Balance	290.9
Industrial Process [Member]
Goodwill [Roll Forward]
Goodwill - Beginning Balance	315.8
Goodwill, Acquired During Period	36.6
Foreign exchange translation	(6.8)
Goodwill - Ending Balance	345.6
Connect & Control Technologies [Member]
Goodwill [Roll Forward]
Goodwill - Beginning Balance	265.6
Goodwill, Acquired During Period	8.7
Foreign exchange translation	(1)
Goodwill - Ending Balance	$ 273.3

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS, NET Other Intangible Assets (Detail) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 249.8	$ 230.1
Indefinite-lived intangible assets, Gross/Net Carrying Amount	30.1	27.2
Other Intangible Assets, Gross Carrying Amount	279.9	257.3
Accumulated Amortization	(132.2)	(121.2)
Finite-live intangible asset, net of accumulated amortization	117.6	108.9
Other intangible assets, net	147.7	136.1
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Customer Relationships, Gross Carrying Amount	179.3	164.1
Accumulated Amortization	(95.7)	(86.2)
Finite-live intangible asset, net of accumulated amortization	83.6	77.9
Proprietary Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Proprietary Technology, Gross Carrying Amount	57.9	53.7
Accumulated Amortization	(26.8)	(25.6)
Finite-live intangible asset, net of accumulated amortization	31.1	28.1
Patents and other [Member]
Finite-Lived Intangible Assets [Line Items]
Patents and Other, Gross Carrying Amount	12.6	12.3
Accumulated Amortization	(9.7)	(9.4)
Finite-live intangible asset, net of accumulated amortization	$ 2.9	$ 2.9

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS, NET Intangibles Textuals (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Amortization of Intangible Assets	$ 5.3	$ 4.4	$ 13.3	$ 13.3
Indefinite-lived Intangible Assets (Excluding Goodwill)	30.1		30.1		$ 27.2
Finite And Infinite Lived Intangible Assets Gross	279.9		279.9		257.3
Proprietary Technology [Member]
Other Finite-Lived Intangible Assets, Gross	57.9		57.9		53.7
Customer Relationships [Member]
Finite-Lived Customer Relationships, Gross	179.3		179.3		$ 164.1
Rheinhutte Pumpen Group [Member]
Indefinite-lived Intangible Assets (Excluding Goodwill)	3.3		3.3
Rheinhutte Pumpen Group [Member] | Proprietary Technology [Member]
Other Finite-Lived Intangible Assets, Gross	7.4		$ 7.4
Finite-Lived Intangible Asset, Useful Life			7 years
Rheinhutte Pumpen Group [Member] | Customer Relationships [Member]
Finite-Lived Intangible Asset, Useful Life			9 years
Finite-Lived Customer Relationships, Gross	4.5		$ 4.5
Matrix Composites [Member]
Finite And Infinite Lived Intangible Assets Gross	$ 12		$ 12

ACCRUED AND OTHER CURRENT LIA_3

ACCRUED AND OTHER CURRENT LIABILITIES AND OTHER NON-CURRENT LIABILITIES - (Detail) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Payables and Accruals [Abstract]
Compensation and other employee-related benefits	$ 149.2	$ 152.2
Contract liabilities and other customer-related liabilities	72.2	82.2
Asbestos-related liability	86.2	74.2	$ 73.3
Accrued income taxes and other tax-related liabilities	28.6	33.7
Environmental liabilities and other legal matters	17.1	24
Operating lease liabilities (see Note 2)	18.2	0
Accrued warranty costs	17.2	16.2
Other	37	34.2
Accrued liabilities	425.7	416.7
Environmental liabilities	55.3	59.5
Operating lease liabilities (see Note 2)	74.4	0
Compensation and other employee-related benefits	34.4	34.2
Deferred income taxes and other tax-related accruals	24.4	25
Other	49.2	47.8
Other non-current liabilities	$ 237.7	$ 166.5

LEASES Lease Costs (Details)

LEASES Lease Costs (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Leases [Abstract]
Operating lease cost	$ 6.3	$ 18.6

LEASES Total Minimum Lease Paym

LEASES Total Minimum Lease Payments as of September 30, 2019 (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Leases [Abstract]
2019	$ 5.6	$ 22.2
2020	20.3	16.8
2021	16.2	12.6
2022	13.1	10.2
2023	10.4	8.1
2024 and thereafter	58.6	46.4
Total minimum lease payments	124.2	116.3
Less: amount of lease payments representing interest	(31.6)
Present value of future lease payments	92.6
Short-term lease liability	18.2	0
Long-term lease liability	$ 74.4	$ 0

LEASES Total Minimum Lease Pa_2

LEASES Total Minimum Lease Payments as of December 31, 2018 (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Leases [Abstract]
2019	$ 5.6	$ 22.2
2020	20.3	16.8
2021	16.2	12.6
2022	13.1	10.2
2023	10.4	8.1
2024 and thereafter	58.6	46.4
Total minimum lease payments	$ 124.2	$ 116.3

LEASES Leases Textuals (Details

LEASES Leases Textuals (Details) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Leases [Abstract]
Operating Lease, Cost	$ 6.3	$ 18.6
Operating Lease, Weighted Average Remaining Lease Term	13 years 8 months 12 days	13 years 8 months 12 days
Operating Lease, Weighted Average Discount Rate, Percent	3.20%	3.20%
Capitalized Right of Use Assets during the Period		$ 25.8
Operating Lease, Payments		$ 16.8

DEBT Debt (Details)

DEBT Debt (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Debt [Line Items]
Commercial paper	$ 120.3	$ 114.4
Current maturities of long-term debt and finance leases	2.4	1.8
Commercial paper and current maturities of long-term debt	122.7	116.2
Long-term debt and finance leases	12.6	8.8
Total debt and finance leases	$ 135.3	$ 125
Commercial Paper [Member]
Debt [Line Items]
Weighted Average Interest Rate	0.05%	0.06%

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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0.6	$ 0.6	$ 1.6	$ 1.8
Interest cost	4.1	4	12.4	11.8
Expected return on plan assets	(3.9)	(4.4)	(11.1)	(11.4)
Amortization of prior service cost (benefit)	(1.1)	(1.1)	(3.3)	(3.3)
Amortization of net actuarial loss	1.9	2.4	5.6	7.6
Net periodic benefit cost	1.6	1.5	5.2	6.5
Loss from settlement or curtailment	0	(1.4)	0	(1.4)
Total net periodic benefit cost	1.6	2.9	5.2	7.9
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.4	0.4	1.1	1.2
Interest cost	3.1	3	9.4	8.6
Expected return on plan assets	(3.8)	(4.4)	(11)	(11.2)
Amortization of prior service cost (benefit)	0.2	0.2	0.6	0.6
Amortization of net actuarial loss	1.3	1.5	3.9	4.5
Net periodic benefit cost	1.2	0.7	4	3.7
Loss from settlement or curtailment	0	(1.4)	0	(1.4)
Total net periodic benefit cost	1.2	2.1	4	5.1
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	0.2	0.2	0.5	0.6
Interest cost	1	1	3	3.2
Expected return on plan assets	(0.1)	0	(0.1)	(0.2)
Amortization of prior service cost (benefit)	(1.3)	(1.3)	(3.9)	(3.9)
Amortization of net actuarial loss	0.6	0.9	1.7	3.1
Net periodic benefit cost	0.4	0.8	1.2	2.8
Loss from settlement or curtailment	0	0	0	0
Total net periodic benefit cost	$ 0.4	$ 0.8	$ 1.2	$ 2.8

POSTRETIREMENT BENEFIT PLANS Po

POSTRETIREMENT BENEFIT PLANS Postretirement Textuals (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement				$ 1.4
Defined Benefit Plan, Plan Assets, Contributions by Employer			$ 19.7	9.7
Reclassification of Postretirement Costs from AOCI, Net of Tax	$ 0.6	$ 2.1	1.7	4.3
Minimum [Member]
Defined Benefit Plan, Expected Future Employer Contributions, Remainder of Fiscal Year	3		3
Maximum [Member]
Defined Benefit Plan, Expected Future Employer Contributions, Remainder of Fiscal Year	$ 4		$ 4
Discretionary Contribution [Member]
Defined Benefit Plan, Plan Assets, Contributions by Employer				$ 9

LONG-TERM INCENTIVE EMPLOYEE _3

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION - Employee Compensation Costs (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Share-based Payment Arrangement [Abstract]
Equity-based awards	$ 3.9	$ 6.7	$ 12.3	$ 16.9
Liability-based awards	0.3	0.9	1.7	1.7
Total share-based compensation expense	$ 4.2	$ 7.6	$ 14	$ 18.6

LONG-TERM INCENTIVE EMPLOYEE _4

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION - Summary of Long-Term Incentive Plan Awards (Detail) shares in Millions	9 Months Ended
	Sep. 30, 2019$ / sharesshares
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Awards Granted | shares	0.2
Grant Date Fair Value | $ / shares	$ 58.75
Performance Stock Unit [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Awards Granted | shares	0.1
Grant Date Fair Value | $ / shares	$ 65.28

LONG-TERM INCENTIVE EMPLOYEE _5

LONG-TERM INCENTIVE EMPLOYEE COMPENSATION - Additional Information (Detail) - USD ($) shares in Millions, $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options exercised	0.3	0.2
Proceeds from the exercise of stock options	$ 11.6	$ 5.8
Equity Based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 21.3
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	1 year 10 months 24 days
Liability Based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 1.8
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	1 year 6 months
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock vested during period	0.2	0.2
Performance Stock Unit [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock vested during period	0.2	0.1

CAPITAL STOCK - Additional Info

CAPITAL STOCK - Additional Information (Detail) - USD ($) shares in Millions, $ in Millions	3 Months Ended						9 Months Ended		155 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Oct. 30, 2019
Equity, Class of Treasury Stock [Line Items]
Aggregate cost of repurchase	$ 18.3	$ 0.1	$ 19.9	$ 0.4	$ 0.1	$ 55.3
Number of shares repurchased under settlement of employee tax withholding obligations							0.2	0.1
Shares repurchased aggregate value under settlement of employee tax withholding obligations							$ 9.6	$ 5.8
2006 Share Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Share repurchase program	$ 1,000						$ 1,000		$ 1,000
Repurchase of shares of common stock							0.5	1	22.7
Aggregate cost of repurchase							$ 28.7	$ 50	$ 938.1
Subsequent Event [Member]
Equity, Class of Treasury Stock [Line Items]
Repurchase Authorization to Close Out 2006 Repurchase Program										$ 40
Subsequent Event [Member] | 2019 Share Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Share repurchase program										$ 500

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
AOCI - Postretirement Benefits	$ (128.2)	$ (130.5)	$ (131)	$ 131.5	$ (135.4)	$ 136.5	$ (128.2)	$ 131.5	$ (131.6)	$ (137.6)
AOCI - Cumulative Translation Adjustment	(275.4)	(241)	(246.3)	(236.2)	(231.2)	(184.1)	(275.4)	(236.2)	(243.9)	(210.6)
Net change during period - AOCI Postretirement Benefits	2.3	0.5	0.6	3.9	1.1	1.1	3.4	6.1
Net change during period - AOCI Cumulative Translation Adjustment	(34.4)	5.3	(2.4)	(5)	(47.1)	26.5
Total other comprehensive loss, net of tax	(32.1)	5.8	(1.8)	(1.1)	(46)	27.6	(28.1)	(19.5)
Total accumulated other comprehensive loss	$ (403.6)	$ (371.5)	$ (377.3)	$ (367.7)	$ (366.6)	$ (320.6)	$ (403.6)	$ (367.7)	$ (375.5)	$ (348.2)

COMMITMENTS AND CONTINGENCIES R

COMMITMENTS AND CONTINGENCIES Rollforward of Asbestos Claims (Detail) - Asbestos Issue [Member] Claim in Thousands	9 Months Ended
	Sep. 30, 2019Claim
Asbestos Claims [Rollforward]
Pending claims – Beginning	24
New claims	3
Settlements	(1)
Dismissals	(2)
Pending claims – Ending	24

COMMITMENTS AND CONTINGENCIES S

COMMITMENTS AND CONTINGENCIES Summary of Net Asbestos Charges (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018		Sep. 30, 2019		Sep. 30, 2018
Asbestos Related Costs (Benefit), Provision to Maintain 10-Year Forecast Period	$ 11.9	$ 13.4		$ 36.3	[1]	$ 39.3	[1]
Asbestos Related Costs (Benefit), Annual Remeasurement	(68.1)	7.2		(68.1)		7.2
Asbestos Related Costs (Benefit), Settlement Agreement	0	(24.9)	[2]	0		(57)	[2]
Asbestos-related benefit, net	$ (56.2)	$ (4.3)		$ (31.8)		$ (10.5)
[1]	(a) Includes certain administrative costs such as legal-related costs for insurance asset recoveries.
[2]	During 2018, we entered into a settlement agreement and a settlement-in-principle with insurers to settle responsibility for multiple insurance claims. Under the terms of the agreements, the insurers agreed to upfront payments to a Qualified Settlement Fund for past costs in addition to providing coverage for certain future asbestos claims on specified terms and conditions.

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES Roll Forward of Asbestos Liability and Related Assets (Detail) - USD ($) $ in Millions		3 Months Ended			9 Months Ended
		Sep. 30, 2019	Sep. 30, 2018		Sep. 30, 2019		Sep. 30, 2018		Dec. 31, 2018
Net Asbestos Liability Rollforward [Line Items]
Asbestos Liability And Related Assets Net Current And Noncurrent - Beginning					$ (472.6)		$ (508.5)
Asbestos Related Costs, Provision to Maintain 10-Year Forecast Period		$ 11.9	$ 13.4		36.3	[1]	39.3	[1]
Asbestos Related Costs (Benefit), Annual Remeasurement		(68.1)	7.2		(68.1)		7.2
Gain From Asbestos Insurance Settlement Agreement		0	(24.9)	[2]	0		(57)	[2]
Cash Payments	[1]				(20.1)		(42.3)
Asbestos Liability And Related Assets Net Current And Noncurrent - Ending		(420.7)	(455.7)		(420.7)		(455.7)
Asbestos-related liabilities Current		86.2	73.3		86.2		73.3		$ 74.2
Asbestos-related liabilities Non-Current		741.6	771.8		741.6		771.8		775.1
Asbestos-related assets Current		77.1	67.1		77.1		67.1		67.1
Asbestos-related assets Non-Current		330	322.3		330		322.3		$ 309.6
Liability [Member]
Net Asbestos Liability Rollforward [Line Items]
Asbestos Liability And Related Assets Net Current And Noncurrent - Beginning					(849.3)		(877.2)
Asbestos Related Costs, Provision to Maintain 10-Year Forecast Period	[1]				45.1		48.5
Asbestos Related Costs (Benefit), Annual Remeasurement					(4.5)		(8.6)
Gain From Asbestos Insurance Settlement Agreement					0		0
Cash Payments	[1]				(62.1)		(72)
Asbestos Liability And Related Assets Net Current And Noncurrent - Ending		(827.8)	(845.1)		(827.8)		(845.1)
Assets [Member]
Net Asbestos Liability Rollforward [Line Items]
Asbestos Liability And Related Assets Net Current And Noncurrent - Beginning					376.7		368.7
Asbestos Related Costs, Provision to Maintain 10-Year Forecast Period					(8.8)		(9.2)
Asbestos Related Costs (Benefit), Annual Remeasurement					(63.6)		15.8
Gain From Asbestos Insurance Settlement Agreement					0		(57)
Cash Payments					42		29.7
Asbestos Liability And Related Assets Net Current And Noncurrent - Ending		$ 407.1	$ 389.4		$ 407.1		$ 389.4
[1]	(a) Includes certain administrative costs such as legal-related costs for insurance asset recoveries.
[2]	During 2018, we entered into a settlement agreement and a settlement-in-principle with insurers to settle responsibility for multiple insurance claims. Under the terms of the agreements, the insurers agreed to upfront payments to a Qualified Settlement Fund for past costs in addition to providing coverage for certain future asbestos claims on specified terms and conditions.

COMMITMENTS AND CONTINGENCIES A

COMMITMENTS AND CONTINGENCIES Asbestos Matters Textuals (Details) Claim in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)Claim	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)Claim	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)Claim	Dec. 31, 2017USD ($)
Asbestos Related Contingencies [Line Items]
Asbestos Related Costs (Benefit), Annual Remeasurement	$ 68.1	$ (7.2)	$ 68.1	$ (7.2)
Asbestos Liability And Related Assets Net Current And Noncurrent	$ 420.7	455.7	$ 420.7	455.7	$ 472.6	$ 508.5
Asbestos Liability Measurement Periods for Claims Pending and Estimated to be Filed			10 years
Asbestos Issue [Member]
Asbestos Related Contingencies [Line Items]
Pending Asbestos Claims | Claim	24		24		24
Assets [Member]
Asbestos Related Contingencies [Line Items]
Asbestos Related Costs (Benefit), Annual Remeasurement			$ 63.6	(15.8)
Asbestos Liability And Related Assets Net Current And Noncurrent	$ (407.1)	(389.4)	(407.1)	(389.4)	$ (376.7)	(368.7)
Liability [Member]
Asbestos Related Contingencies [Line Items]
Asbestos Related Costs (Benefit), Annual Remeasurement			4.5	8.6
Asbestos Liability And Related Assets Net Current And Noncurrent	$ 827.8	$ 845.1	$ 827.8	$ 845.1	$ 849.3	$ 877.2

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES Rollforward of Environmental Liability and Related Assets (Detail) - Liability [Member] - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Loss Contingency Accrual [Roll Forward]
Environmental liability - Beginning balance	$ 66.8	$ 73.9
Changes In Pre-Existing Environmental Accruals	0.2	3.4
Accruals added during the period for new matters	0	2
Net Cash Activity	(4.4)	(14.6)	[1]
Foreign exchange translation	(0.2)	0.1
Environmental liability - Ending balance	$ 62.4	$ 64.8
[1]	(a) Includes cash payments of $9.7 for the nine months ended September 30, 2018 related to the sale of a former operating location.

COMMITMENTS AND CONTINGENCIES E

COMMITMENTS AND CONTINGENCIES Environmental Matters Textuals (Details) $ in Millions	9 Months Ended
	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)site	Dec. 31, 2018USD ($)
Site Contingency [Line Items]
Payments to Prepare Former Operation Location for Sale	$ 9.7
Environmental-related assets	$ 23.3	$ 22.1	$ 23.4
Environmental Related Matters [Member]
Site Contingency [Line Items]
Number Of Active Environmental Investigation And Remediation Sites | site		29
Maximum [Member] | Environmental Related Matters [Member]
Site Contingency [Line Items]
Loss Contingency, Range of Possible Loss, Maximum		$ 109

COMMITMENTS AND CONTINGENCIES O

COMMITMENTS AND CONTINGENCIES Other Matters (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Other Matters [Abstract]
Litigation Settlement, Amount Awarded to Other Party	$ 11
Insurance Settlement [Member]
Gain Contingencies [Line Items]
Loss Contingency, Receivable, Proceeds	$ 1

ACQUISITIONS Acquisitions (Deta

ACQUISITIONS Acquisitions (Details) - USD ($) $ in Millions	Sep. 30, 2019	Jul. 03, 2019	Apr. 30, 2019	Dec. 31, 2018
Business Acquisition [Line Items]
Goodwill	$ 909.8			$ 875.9
Rheinhutte Pumpen Group [Member]
Business Acquisition [Line Items]
Cash			$ 4.7
Receivables			9.7
Inventory			15.2
Plant, property and equipment			22.2
Goodwill	36.6		36.6
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill			15.2
Other assets			3.4
Accounts payable and accrued liabilities			(6.7)
Other liabilities			(5.3)
Net assets acquired			$ 95
Matrix Composites [Member]
Business Acquisition [Line Items]
Cash		$ 0.5
Receivables		1.1
Inventory		1.8
Plant, property and equipment		2.9
Goodwill	$ 8.7	8.7
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill		12
Other assets		1.9
Accounts payable and accrued liabilities		(2)
Other liabilities		(0.6)
Net assets acquired		$ 26.3

ACQUISITIONS Acquisitions Textu

ACQUISITIONS Acquisitions Textuals (Details) € in Millions, $ in Millions	Jul. 03, 2019USD ($)Employees	Sep. 30, 2019USD ($)Employees	Sep. 30, 2019EUR (€)	Sep. 30, 2018USD ($)	Dec. 31, 2018EUR (€)	Apr. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Business Acquisition [Line Items]
Acquisitions, net of cash acquired		$ 113.1		$ 0
Goodwill		$ 909.8					$ 875.9
Rheinhutte Pumpen Group [Member]
Business Acquisition [Line Items]
Business Acquisition, Effective Date of Acquisition		Apr. 30, 2019	Apr. 30, 2019
Business Acquisition, Name of Acquired Entity		Rheinhütte Pumpen Group	Rheinhütte Pumpen Group
Acquisitions, net of cash acquired | €			€ 81
Revenue of Acquired Entity for Last Annual Period | €					€ 61.5
Number of Employees at Entity to be Acquired | Employees		430
Goodwill		$ 36.6				$ 36.6
Matrix Composites [Member]
Business Acquisition [Line Items]
Business Acquisition, Effective Date of Acquisition	Jul. 3, 2019
Business Acquisition, Name of Acquired Entity	Matrix Composites, Inc.
Acquisitions, net of cash acquired	$ 25.8
Revenue of Acquired Entity for Last Annual Period	$ 12
Number of Employees at Entity to be Acquired | Employees	115
Goodwill	$ 8.7	$ 8.7