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Commitments And Contingencies (Tables) | 12 Months Ended
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Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract] |
Summary of Divestiture of Asbestos-Related Assets and Liabilities | The following is a summary of the loss on divestiture of asbestos-related assets and liabilities:
(in millions) |
Cash | $ | (550.0) |
Current insurance receivable | (13.8) |
Long-term insurance receivable | (49.4) |
Deferred tax asset | (107.9) |
Current asbestos liability | 62.5 |
Long-term asbestos liability | 509.7 |
Loss on divestiture of asbestos-related assets and liabilities, before transaction costs | (148.9) |
Transaction costs | (13.5) |
Loss on divestiture of asbestos-related assets and liabilities | $ | (162.4) |
Schedule Of Gross Settlement And Defense Costs | Detailed below are the comparable amounts for the periods indicated.
(in millions) |  |  |
For the year ended December 31, | 2022 |  | 2021 |  | 2020
Settlement / indemnity costs incurred (a) | $ | 29.4 |  |  | $ | 40.6 |  |  | $ | 35.3 |
Defense costs incurred (a) | 6.4 |  |  | 14.6 |  |  | 15.6 |
Total costs incurred | $ | 35.8 |  |  | $ | 55.2 |  |  | $ | 50.9 |
Settlement / indemnity payments | $ | 33.8 |  |  | $ | 42.6 |  |  | $ | 24.7 |
Defense payments | 6.1 |  |  | 15.4 |  |  | 16.7 |
Insurance receipts | (10.6) |  |  | (13.1) |  |  | (10.3) |
Pre-tax cash payments, net | $ | 29.3 |  |  | $ | 44.9 |  |  | $ | 31.1 |
(a) | Before insurance recoveries and tax effects.

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