Defendant Asbestos and Environmental Liabilities (Tables)

12 Months Ended

Dec. 31, 2019

Liability for Asbestos and Environmental Claims [Abstract]

Schedule Of Liability For Asbestos And Liability Claims

The carrying value of the asbestos and environmental liabilities, insurance recoveries, future estimated expenses and the fair value adjustments related to DCo and Morse TEC as of December 31, 2019 and 2018 was as follows:

	2019			2018
Defendant asbestos and environmental liabilities:
Defendant asbestos liabilities	$	1,100,593		$	265,975
Defendant environmental liabilities	10,279			2,152
Estimated future expenses	51,637			19,843
Fair value adjustments	(314,824		)	(84,650		)
Defendant asbestos and environmental liabilities	847,685			203,320
Insurance balances recoverable:
Insurance recoveries related to defendant asbestos and environmental liabilities	549,593			183,676
Fair value adjustments	(100,738		)	(47,868		)
Insurance balances recoverable	448,855			135,808
Net liabilities relating to defendant asbestos and environmental exposures	$	398,830		$	67,512

Reconciliation of Asbestos and Environmental Liabilities

The table below provides a consolidated reconciliation of the beginning and ending liability for defendant asbestos and environmental exposures for the years ended December 31, 2019, 2018 and 2017:

	2019		2018		2017
Balance as at January 1	203,320		219,164		234,020
Less: Insurance balances recoverable	135,808		122,326		133,032
Net balance as at January 1	67,512		96,838		100,988
Total net paid claims	(13,708	)	(6,351	)	(6,927	)
Amounts recorded in other income (expense):
Net change in actuarial estimates	(4,263	)	(23,221	)	2,800
Amortization of fair value adjustments	13,500		246		(23	)
Total other expense (income)	9,237		(22,975	)	2,777
Acquired on purchase of subsidiaries	335,789		—		—
Net balance as at December 31	398,830		67,512		96,838
Plus: Insurance balances recoverable	448,855		135,808		122,326
Balance as at December 31	847,685		203,320		219,164