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Contingent Liabilities (Tables)
12 Months Ended
Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]  
Reconciliation of Product Liability Reserve

Balance Sheet Roll-forward for Product Liability Reserve

Cash Payments

Balance

Beginning

of Year (a)

Accrued

Legal

Expense

(Income)

(b)

Legal Fees

(c)

Settlements

(d)

Balance

End of

Year (a)

 

2018

$

819

731

(183

)

(195

)

$

1,172

 

2019

$

1,172

(37

)

(240

)

(77

)

$

818

 

2020

$

818

300

8

$

1,126

Schedule of Product Liability Expense

Income Statement Detail for Product Liability Expense

Accrued

Legal

Expense (b)

Insurance

Premium

Expense (e)

Total

Product

Liability

Expense

 

2018

$

731

783

$

1,514

 

2019

$

(37

)

755

$

718

 

2020

$

300

839

$

1,139

Notes

 

(a)

The beginning and ending liability balances represent accrued legal fees only. Settlements and administrative costs are expensed as incurred. Only in rare instances is an accrual established for settlements.

 

(b)

The expense accrued in the liability is for legal fees only. In 2019, the costs incurred related to cases that were settled or dismissed were less than the amounts accrued for these cases in prior years.

 

(c)

Legal fees represent payments to outside counsel related to product liability matters.

 

(d)

Settlements represent payments made to plaintiffs or allegedly injured parties in exchange for a full and complete release of liability.

 

(e)

Insurance expense represents the cost of insurance premiums.