Water in the transmission...

Many years ago I had a fri
Seems like it was run with water/coolant in fluid. Should not be emulsified (pink Pepto bizmo). Simple water intrusion would remain separate from oil. If run with water it is now in converter and will need to be addressed.
Many years ago I had a friend with a failed chev trans. It was brought to a trans shop for full overhaul. When he got the car back, it ran fine for about a week and the trans failed again. It was brought back to the same shop under warranty, the built it again and it lasted about a week.
As it turns out, the radiator was leaking antifreeze into the lower trans cooler and mixing together.
Apparently the glue that is used to bond the friction materials to the clutch plates dissolves with glycol. It is not the water, but the antifreeze that causes the problem. If it was just water it should be fine. If it was coolant I would change all the friction materials.