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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 27, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Loss Contingencies by Number of Claims
Asbestos-related claims activity since December 31 is as follows:
Nine Months Ended
September 27, 2024September 29, 2023
(Number of claims)
Claims unresolved, beginning of period13,648 14,106 
Claims filed(1)
3,782 3,353 
Claims resolved(2)
(3,978)(4,095)
Claims unresolved, end of period13,452 13,364 
(1) Claims filed include all asbestos claims for which notification have been received or a file has been opened.
(2) Claims resolved include all asbestos claims that have been settled, dismissed or that are in the process of being settled or dismissed based upon agreements or understandings in place with counsel for the claimants.
Schedule of Asbestos Related Litigation
The Company’s Consolidated and Condensed Balance Sheets included the following amounts related to asbestos-related litigation:
September 27, 2024December 31, 2023
(In thousands)
Long-term asbestos insurance asset(1)
$191,805 $221,489 
Long-term asbestos insurance receivable(1)
18,924 17,868 
Accrued asbestos liability(2)
34,757 32,908 
Long-term asbestos liability(3)
196,772 234,796 
(1) Included in Other assets in the Consolidated and Condensed Balance Sheets.
(2) Represents current accruals for probable and reasonably estimable asbestos-related liability costs that the Company believes the subsidiaries will pay and unpaid legal costs related to defending themselves against asbestos-related liability claims and legal action against the Company’s insurers, which is included in Accrued liabilities in the Consolidated and Condensed Balance Sheets.
(3) Included in Other liabilities in the Consolidated and Condensed Balance Sheets.