Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Schedule of Loss Contingencies by Number of Claims

Asbestos-related claims activity since December 31 is as follows:

	Three Months Ended
	March 31, 2023	April 1, 2022
	(Number of claims)
Claims unresolved, beginning of period	14,106	14,559
Claims filed(1)	986	1,065
Claims resolved(2)	(749)	(779)
Claims unresolved, end of period	14,343	14,845

(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 Consolidated Balance Sheet included the following amounts related to asbestos-related litigation:

	March 31, 2023		December 31, 2022
	(In thousands)
Long-term asbestos insurance asset(1)	$	202,318	$	215,112
Long-term asbestos insurance receivable(1)	18,648		17,231
Accrued asbestos liability(2)	29,002		30,108
Long-term asbestos liability(3)	215,780		230,581

(1) Included in Other assets in the Consolidated Balance Sheet.

(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 Consolidated Balance Sheet.

(3) Included in Other liabilities in the Consolidated Balance Sheet.