XML 58 R42.htm IDEA: XBRL DOCUMENT v3.8.0.1
Asbestos-Related Liabilities (Tables)
12 Months Ended
Dec. 31, 2017
Liability for Asbestos and Environmental Claims [Abstract]  
Summary of Claims Activity
The Company's approximate claims activity for the years ended 2017, 2016 and 2015 were as follows:
 
2017
 
2016
 
2015
Beginning claims
55,500

 
54,500

 
54,000

New claims
2,500

 
2,500

 
2,500

Settlements or dismissals
(2,500
)
 
(1,500
)
 
(2,000
)
Ending claims
55,500

 
55,500

 
54,500

Schedule of Asbestos Claims Cash Payments
The Company's cash payments during the years ended 2017, 2016, and 2015 were as follows:
 
2017
 
2016
 
2015
Asbestos-related payments
$
30

 
$
30

 
$
30

Settled claims payments (included in asbestos-related payments above)
24

 
23

 
22


Summary of Outstanding Asbestos Claims by Year of Exposure and State Filed
In the fourth quarter of each year, the Company performs an analysis of outstanding claims and categorizes by year of exposure and state filed. As of December 31, 2017 and December 31, 2016, the Company's outstanding claims were:
 
2017
 
2016
Claimants alleging first exposure after 1964
16,500

 
16,000

Claimants alleging first exposure before or during 1964 filed in:
 
 
 
Texas
13,000

 
13,000

Pennsylvania
1,500

 
2,000

Other states that have enacted asbestos legislation
6,000

 
6,000

Other states
18,500

 
18,500

Total claims outstanding
55,500

 
55,500

Summary of Percentage of Outstanding Claims Related to Claimants Alleging Serious Diseases
As of December 31, the percentage of outstanding claims related to claimants alleging serious diseases (primarily mesothelioma and other malignancies) were as follows:
 
2017
 
2016
 
2015
Total claims
22
%
 
22
%
 
22
%
Pre-1964 claims in states without asbestos legislation
41
%
 
41
%
 
41
%