v3.21.1
Commitments and Contingencies (Tables)
3 Months Ended
Apr. 02, 2021
Commitments and Contingencies Disclosure [Abstract]  
Schedule Of Loss Contingencies By Claims Quantities
Asbestos-related claims activity since December 31 is as follows:
Three Months Ended
April 2, 2021April 3, 2020
(Number of claims)
Claims unresolved, beginning of period14,809 16,299 
Claims filed(1)
1,067 1,043 
Claims resolved(2)
(581)(600)
Claims unresolved, end of period15,295 16,742 
(1) Claims filed include all asbestos claims for which notification has been received or a file has been opened.
(2) Claims resolved include all asbestos claims that have been settled, dismissed or that are in the process of being settled or dismissed based upon agreements or understandings in place with counsel for the claimants.
Schedule Of Asbestos Related Litigation
The Company’s Condensed Consolidated Balance Sheets included the following amounts related to asbestos-related litigation:
April 2, 2021December 31, 2020
(In thousands)
Long-term asbestos insurance asset(1)
$229,879 $232,712 
Long-term asbestos insurance receivable(1)
27,868 31,815 
Accrued asbestos liability(2)
42,411 41,626 
Long-term asbestos liability(3)
248,669 253,144 
(1) Included in Other assets in the Condensed Consolidated Balance Sheets.
(2) Represents current accruals for probable and reasonably estimable asbestos-related liability costs that the Company believes the subsidiaries will pay, 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.
(3) Included in Other liabilities in the Condensed Consolidated Balance Sheets.