v3.5.0.2
Asbestos Litigation (Details 1) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Current asbestos insurance asset(1) [1] $ 27,259 $ 28,872
Long-term asbestos insurance asset(2) [2] 274,106 284,095
Long-term asbestos insurance receivable(2) [2] 110,254 96,007
Accrued asbestos liability(3) [3] 53,181 48,780
Long-term asbestos liability(4) [4] $ 339,514 $ 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 the current portion of 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.