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Commitments and Contingent Liabilities (Tables) | 9 Months Ended
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Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract] |
Summary of Recent Approximate Asbestos Claims Activity | A summary of recent approximate asbestos claims activity follows. Because claims are often filed and disposed of by settlement or dismissal in large numbers, the amount and timing of filings, settlements and dismissals and the number of open claims during a particular period can fluctuate significantly.
|  | Nine Months Ended |  |  | Year Ended |
(Dollars in millions) |  | September 30, 2023 |  |  | December 31, 2022 |
Pending claims, beginning of period |  |  | 37,200 |  |  |  | 38,200 |
New claims filed |  |  | 700 |  |  |  | 900 |
Claims settled/dismissed |  |  | (1,500 | ) |  |  | (1,900 | )
Pending claims, end of period |  |  | 36,400 |  |  |  | 37,200 |
Payments(1) |  | $ | 12 |  |  | $ | 16 |
(1) Represents cash payments made during the period by us and our insurers for asbestos litigation defense and claim resolution.

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