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Commitments and Contingencies (Tables) | 6 Months Ended
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Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract] |
Schedule of Liability for Unpaid Claims and Claims Adjustment Expense | The following table summarizes the change in number of asbestos claims outstanding during the six months ended June 30, 2018:
| Asbestos Claims
Claims outstanding at December 31, 2017 | 687 |
New claims filed | 126 |
Pending claims concluded | (127 | )
Claims outstanding at June 30, 2018 | 686 |

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- Definition Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 40 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=99382578&loc=d3e14764-158437 + Details
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