v3.4.0.3
Asbestos Litigation (Details 1) - USD ($)
$ in Thousands
Apr. 01, 2016
Dec. 31, 2015
Current asbestos insurance asset(1) [1] $ 29,283 $ 28,872
Long-term asbestos insurance asset(2) [2] 276,757 284,095
Long-term asbestos insurance receivable(2) [2] 104,764 96,007
Accrued asbestos liability(3) [3] 50,623 48,780
Long-term asbestos liability(4) [4] $ 340,772 $ 350,394
[1] Included in Other current assets in the Condensed Consolidated Balance Sheets.
[2] Included in Other assets in the Condensed Consolidated Balance Sheets.
[3] Represents current reserves for probable and reasonably estimable asbestos-related liability cost that the Company believes its 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 Condensed Consolidated Balance Sheets.
[4] Included in Other liabilities in the Condensed Consolidated Balance Sheets.