XML 61 R47.htm IDEA: XBRL DOCUMENT v3.8.0.1
Contingencies (Tables)
12 Months Ended
Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]  
Summary of Cumulative Trauma Product Liability Claims Activity
A summary of cumulative trauma product liability lawsuits and asserted cumulative trauma product liability claims activity follows:
 
2017
 
2016
 
2015
Open lawsuits, January 1
1,794

 
1,988

 
2,326

New lawsuits
398

 
379

 
340

Settled and dismissed lawsuits
(772
)
 
(573
)
 
(678
)
Open lawsuits, December 31
1,420

 
1,794

 
1,988


 
2017
 
2016
 
2015
Asserted claims, January 1
3,023

 
3,779

 
5,539

New claims
455

 
843

 
465

Settled and dismissed claims
(1,236
)
 
(1,599
)
 
(2,225
)
Asserted claims, December 31
2,242

 
3,023

 
3,779

Summary of Insurance Receivable Balances and Activity Related to Cumulative Trauma Product Liability Losses
A summary of Insurance receivable balances and activity related to cumulative trauma product liability losses follows:
(In millions)
 
2017
 
2016
Balance beginning of period
 
$
159.9

 
$
229.5

Additions
 
94.6

 
29.2

Collections and settlements converted to notes receivable
 
(119.8
)
 
(98.8
)
Balance end of period
 
$
134.7

 
$
159.9

Summary of Notes Receivable from Insurance Companies Activity During the Year [Table Text Block]
A summary of Notes receivable, insurance companies, balances is as follows:
 
 
December 31,
(In millions)
 
2017
 
2016
Balance beginning of period
 
$
67.3

 
$
8.7

Additions
 
35.1

 
95.6

Collections
 
(25.5
)
 
(37.0
)
Balance end of period
 
$
76.9

 
$
67.3

Schedule of Product Warranty Liability
The following table reconciles the changes in the Company's accrued warranty reserve:
 
 
December 31,
(In millions)
 
2017
 
2016
 
2015
Beginning accrued warranty reserve
 
$
11,821

 
$
10,296

 
$
9,438

Warranty claims
 
1,566

 
(950
)
 
1,203

Provision for product warranties
 
1,366

 
2,475

 
(345
)
Ending accrued warranty reserve
 
$
14,753

 
$
11,821

 
$
10,296