XML 45 R33.htm IDEA: XBRL DOCUMENT v3.10.0.1
Litigation, Claims and Contingencies (Tables)
 9 Months Ended
Jun. 30, 2018
Loss Contingencies [Line Items]  
Reconciliation of Changes in the Environmental Contingencies and Asset Retirement Obligations Reserve

The following table provides a reconciliation of the changes in the environmental remediation reserves during the nine months ended June 30, 2018 and 2017.

 

 

Nine months ended

 

 

June 30

 

(In millions)

2018

 

 

2017

 

Reserve - beginning of period

$

163

 

 

$

177

 

Disbursements

 

(26

)

 

 

(22

)

Revised obligation estimates and accretion

 

55

 

 

 

18

 

Reserve - end of period

$

192

 

 

$

173

 

 
Components of Environmental Remediation Expense

Components of environmental remediation expense included within the selling, general and administrative expense caption of the Statements of Consolidated Comprehensive Income (Loss) are presented in the following table for the three and nine months ended June 30, 2018 and 2017.

 

Three months ended

 

 

Nine months ended

 

 

June 30

 

 

June 30

 

(In millions)

2018

 

 

2017

 

 

2018

 

 

2017

 

Environmental expense

$

37

 

 

$

11

 

 

$

54

 

 

$

16

 

Accretion

 

—

 

 

 

2

 

 

 

1

 

 

 

2

 

Legal expense

 

1

 

 

 

1

 

 

 

4

 

 

 

6

 

Total expense

 

38

 

 

 

14

 

 

 

59

 

 

 

24

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance receivable (a)

 

(1

)

 

 

(2

)

 

 

(2

)

 

 

(2

)

Total expense, net of receivable activity (b)

$

37

 

 

$

12

 

 

$

57

 

 

$

22

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

Activity of $0 denotes value less than $1 million.

 

 

(b)

Net expense of $3 million and $4 million for the three and nine months ended June 30, 2018, respectively, and $1 million and $3 million for the three and nine months ended June 30, 2017, respectively, relates to divested businesses which qualified for treatment as discontinued operations and for which certain environmental liabilities were retained by Ashland.  These amounts are classified within the income from discontinued operations caption of the Statements of Consolidated Comprehensive Income (Loss).  

 
Ashland [Member]  
Loss Contingencies [Line Items]  
Summary of Asbestos Claims Activity

A summary of Ashland asbestos claims activity, excluding Hercules claims, follows.

 

 

Nine months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30

 

 

Years ended September 30

 

(In thousands)

2018

 

 

2017

 

 

2017

 

 

2016

 

 

2015

 

Open claims - beginning of year

 

54

 

 

 

57

 

 

 

57

 

 

 

60

 

 

 

65

 

New claims filed

 

2

 

 

 

2

 

 

 

2

 

 

 

2

 

 

 

2

 

Claims settled

 

(1

)

 

 

(1

)

 

 

(1

)

 

 

—

 

 

 

—

 

Claims dismissed

 

(2

)

 

 

(3

)

 

 

(4

)

 

 

(5

)

 

 

(7

)

Open claims - end of period

 

53

 

 

 

55

 

 

 

54

 

 

 

57

 

 

 

60

 

 
Progression of Activity in the Asbestos Reserve Accounts

A progression of activity in the asbestos reserve is presented in the following table.

 

 

Nine months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30

 

 

Years ended September 30

 

(In millions)

2018

 

 

2017

 

 

2017

 

 

2016

 

 

2015

 

Asbestos reserve - beginning of year

$

419

 

 

$

415

 

 

$

415

 

 

$

409

 

 

$

438

 

Reserve adjustment

 

(8

)

 

 

36

 

 

 

36

 

 

 

37

 

 

 

—

 

Amounts paid

 

(26

)

 

 

(27

)

 

 

(32

)

 

 

(31

)

 

 

(29

)

Asbestos reserve - end of period (a)

$

385

 

 

$

424

 

 

$

419

 

 

$

415

 

 

$

409

 

 

(a)

Included $31 million and $34 million classified in accrued expenses and other liabilities on the Condensed Consolidated Balance Sheets as of June 30, 2018 and September 30, 2017, respectively.

 
Progression of Insurance Receivable

A progression of activity in the Ashland insurance receivable is presented in the following table.

 

 

Nine months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30

 

 

Years ended September 30

 

(In millions)

2018

 

 

2017

 

 

2017

 

 

2016

 

 

2015

 

Insurance receivable - beginning of year

$

155

 

 

$

151

 

 

$

151

 

 

$

150

 

 

$

402

 

Receivable adjustment

 

(5

)

 

 

15

 

 

 

15

 

 

 

16

 

 

 

(3

)

Insurance settlement

 

—

 

 

 

(5

)

 

 

(5

)

 

 

(4

)

 

 

(227

)

Amounts collected

 

(8

)

 

 

(5

)

 

 

(6

)

 

 

(11

)

 

 

(22

)

Insurance receivable - end of period (a)

$

142

 

 

$

156

 

 

$

155

 

 

$

151

 

 

$

150

 

 

(a)

Included $15 million and $14 million classified in accounts receivable on the Condensed Consolidated Balance Sheets as of June 30, 2018 and September 30, 2017, respectively.

 
Hercules [Member]  
Loss Contingencies [Line Items]  
Summary of Asbestos Claims Activity

A summary of Hercules’ asbestos claims activity follows.

 

 

Nine months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30

 

 

Years ended September 30

 

(In thousands)

2018

 

 

2017

 

 

2017

 

 

2016

 

 

2015

 

Open claims - beginning of year

 

12

 

 

 

15

 

 

 

15

 

 

 

20

 

 

 

21

 

New claims filed

 

1

 

 

 

1

 

 

 

1

 

 

 

1

 

 

 

1

 

Claims dismissed

 

(1

)

 

 

(4

)

 

 

(4

)

 

 

(6

)

 

 

(2

)

Open claims - end of period

 

12

 

 

 

12

 

 

 

12

 

 

 

15

 

 

 

20

 

 
Progression of Activity in the Asbestos Reserve Accounts

A progression of activity in the asbestos reserve is presented in the following table.

 

 

Nine months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30

 

 

Years ended September 30

 

(In millions)

2018

 

 

2017

 

 

2017

 

 

2016

 

 

2015

 

Asbestos reserve - beginning of year

$

323

 

 

$

321

 

 

$

321

 

 

$

311

 

 

$

329

 

Reserve adjustments

 

(19

)

 

 

16

 

 

 

16

 

 

 

25

 

 

 

4

 

Amounts paid

 

(15

)

 

 

(9

)

 

 

(14

)

 

 

(15

)

 

 

(22

)

Asbestos reserve - end of period (a)

$

289

 

 

$

328

 

 

$

323

 

 

$

321

 

 

$

311

 

 

 

(a)

Included $12 million and $14 million classified in accrued expenses and other liabilities on the Condensed Consolidated Balance Sheets as of June 30, 2018 and September 30, 2017, respectively.

 
Progression of Insurance Receivable

A progression of activity in the Hercules insurance receivable is presented in the following table.

 

 

Nine months ended

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30

 

 

Years ended September 30

 

(In millions)

2018

 

 

2017

 

 

2017

 

 

2016

 

 

2015

 

Insurance receivable - beginning of year

$

68

 

 

$

63

 

 

$

63

 

 

$

56

 

 

$

77

 

Receivable adjustment

 

(14

)

 

 

5

 

 

 

5

 

 

 

7

 

 

 

1

 

Insurance settlement

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(22

)

Insurance receivable - end of period

$

54

 

 

$

68

 

 

$

68

 

 

$

63

 

 

$

56