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Contingent Liabilities (Tables)
12 Months Ended
Dec. 31, 2024
Contingent Liabilities [Abstract]  
Schedule of Roll-forward for 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)
 
                     
2022  $892    (417)   (167)   
   $308 
                          
2023  $308    500    (129)   
   $679 
                          
2024  $679    67    (254)   
   $492 
(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 2022, 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.
Schedule of Product Liability Expense

Income Statement Detail for Product Liability Expense

 

   Accrued
Legal
Expense
(b)
   Insurance
Premium
Expense
(e)
   Total
Product
Liability
Expense
 
             
2022  $(417)   1,524   $1,107 
                
2023  $500    1,226   $1,726 
                
2024  $67    908   $975 
(b)The expense accrued in the liability is for legal fees only. In 2022, the costs incurred related to cases that were settled or dismissed were less than the amounts accrued for these cases in prior years.
(e)Insurance expense represents the cost of insurance premiums.