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Commitments and Contingencies (Tables) | 12 Months Ended
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Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract] |
Summary of Net Asbestos Charges | The table below summarizes our total net asbestos-related (benefit) costs.
For the Year Ended December 31 | 2023 |  | 2022 |  | 2021
Asbestos provision, net(a) | $ | — |  |  | $ | — |  |  | $ | 14.4 |
Gain on divestiture before income tax | — |  |  | — |  |  | (88.8) |
Asbestos-related (benefit) costs, net | $ | — |  |  | $ | — |  |  | $ | (74.4) |
(a)2021 includes costs related to the divestiture of InTelCo as well as certain administrative costs such as legal-related costs for insurance asset recoveries.
Rollforward of Environmental Liability and Related Assets Table | The following table provides a rollforward of the estimated current and long-term environmental liability.
| 2023 |  | 2022
Balance as of January 1 | $ | 57.1 |  |  | $ | 54.1 |
Changes in estimates for pre-existing accruals: |  |  |
Continuing operations | 2.6 |  |  | 1.7 |
Discontinued operations(a) | — |  |  | 5.4 |
Accruals added during the period for new matters | — |  |  | 0.1 |
Cash payments | (3.9) |  |  | (4.0) |
Foreign currency | 0.2 |  |  | (0.2) |
Balance as of December 31 | $ | 56.0 |  |  | $ | 57.1 |
(a)During 2022, we increased the estimated environmental liability for a former site of ITT by $5.4 and recognized an insurance-related asset of $4.3. The resulting net pre-tax expense of $1.1 has been presented as a loss from discontinued operations within our Consolidated Statements of Operations.
Range of Environmental Liability and Number of Active Sites for Environmental Matters | The following table illustrates the reasonably possible high range of estimated liability and number of active sites for environmental matters.
As of December 31 | 2023 |  | 2022
High-end estimate of environmental liability | $ | 98.2 |  |  | $ | 93.5 |
Number of open environmental sites | 26 |  |  | 28 |

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