XML 61 R47.htm IDEA: XBRL DOCUMENT v3.10.0.1
Contingencies (Tables)
12 Months Ended
Dec. 31, 2018
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 is as follows:
 
2018
 
2017
 
2016
Open lawsuits, beginning of period
1,420

 
1,794

 
1,988

New lawsuits
369

 
398

 
379

Settled and dismissed lawsuits
(308
)
 
(772
)
 
(573
)
Open lawsuits, end of period
1,481

 
1,420

 
1,794


 
2018
 
2017
 
2016
Asserted claims, beginning of period
2,242

 
3,023

 
3,779

New claims
479

 
455

 
843

Settled and dismissed claims
(366
)
 
(1,236
)
 
(1,599
)
Asserted claims, end of period
2,355

 
2,242

 
3,023

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 is as follows:
(In millions)
 
2018
 
2017
Balance beginning of period
 
$
134.7

 
$
159.9

Additions
 
19.6

 
94.6

Collections, settlements converted to notes receivable and other adjustments
 
(82.6
)
 
(119.8
)
Balance end of period
 
$
71.7

 
$
134.7

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)
 
2018
 
2017
Balance beginning of period
 
$
76.9

 
$
67.3

Additions
 
1.7

 
35.1

Collections
 
(19.0
)
 
(25.5
)
Balance end of period
 
$
59.6

 
$
76.9

Schedule of Product Warranty Liability
The following table reconciles the changes in the Company's accrued warranty reserve:
 
 
December 31,
(In thousands)
 
2018
 
2017
 
2016
Beginning warranty reserve
 
$
14,753

 
$
11,821

 
$
10,296

Warranty payments
 
(9,955
)
 
(10,905
)
 
(12,524
)
Warranty claims
 
10,585

 
12,471

 
11,574

Provision for product warranties and other adjustments
 
(1,169
)
 
1,366

 
2,475

Ending warranty reserve
 
$
14,214

 
$
14,753

 
$
11,821