v3.3.1.900
Asbestos Litigation (Details 1) - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current asbestos insurance asset(1) [1] $ 28,872 $ 34,540
Long-term asbestos insurance asset(2) [2] 284,095 282,679
Long-term asbestos insurance receivable(2) [2] 96,007 82,340
Accrued asbestos liability(3) [3] 48,780 50,175
Long-term asbestos liability(4) [4] $ 350,394 $ 346,099
[1] Included in Other current assets in the Consolidated Balance Sheets.
[2] Included in Other assets in the Consolidated Balance Sheets.
[3] Represents current accruals for probable and reasonably estimable asbestos-related liability cost that the Company believes the subsidiaries will pay through the next 15 years, overpayments by certain insurers 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 Balance Sheets.
[4] Included in Other liabilities in the Consolidated Balance Sheets.