Asbestos Liability and Related Assets Net Current and Noncurrent

No definition available.

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- Definition

In the third quarter of each year, we conduct our asbestos remeasurement to review and update the underlying assumptions used in our asbestos liability and related asset estimates and to determine the cost the Company estimates will be incurred to resolve all pending claims, as well as unasserted claims estimated to be filed over the next 10 years. In each remeasurement, the underlying assumptions are updated based on actual experience since the previous annual remeasurement and we reassess the appropriate reference period of years of experience used in determining each assumption and our expectations regarding future conditions, including inflation.

+ References

No definition available.

+ Details

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- Definition

In addition to the charges associated with our annual measurement, we record a net asbestos charge each quarter to maintain a rolling 10-year forecast period.

+ References

No definition available.

+ Details

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- Definition

The payments made in the period which reduced asbestos loss contingency reserves, net of associated insurance reimbursements.

+ References

No definition available.

+ Details

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- Details

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- Definition

Amount of loss contingency liability expected to be resolved within one year or the normal operating cycle, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 450

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14326-108349

+ Details

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- Definition

Amount of loss contingency liability expected to be resolved after one year or beyond the normal operating cycle, if longer.

+ References

+ Details

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COMMITMENTS AND CONTINGENCIES Roll Forward of Asbestos Liability and Related Assets (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Net Asbestos Liability Rollforward [Line Items]
Asbestos Liability And Related Assets Net Current And Noncurrent - Beginning			$ (746.9)
Asbestos Provision For Liability And Related Assets Net	16.3	15.1	48.0	47.0
Asbestos Related Remeasurement Costs Before Tax	(58.8)	0.5	(58.8)	0.5
Increase Decrease Net Cash Activity			8.9
Asbestos Liability And Related Assets Net Current And Noncurrent - Ending	(727.2)		(727.2)
Asbestos-related liabilities	(1,118.1)		(1,118.1)		(1,179.6)
Liability [Member]
Net Asbestos Liability Rollforward [Line Items]
Asbestos Liability And Related Assets Net Current And Noncurrent - Beginning			(1,264.7)
Asbestos Provision For Liability And Related Assets Net			(55.5)
Asbestos Related Remeasurement Costs Before Tax			42.8
Increase Decrease Net Cash Activity			52.9
Asbestos Liability And Related Assets Net Current And Noncurrent - Ending	(1,224.5)		(1,224.5)
Loss Contingency, Accrual, Current	106.4		106.4
Asbestos-related liabilities	(1,118.1)		(1,118.1)
Asset [Member]
Net Asbestos Liability Rollforward [Line Items]
Asbestos Liability And Related Assets Net Current And Noncurrent - Beginning			517.8
Asbestos Provision For Liability And Related Assets Net			(7.5)
Asbestos Related Remeasurement Costs Before Tax			(16.0)
Increase Decrease Net Cash Activity			(44.0)
Asbestos Liability And Related Assets Net Current And Noncurrent - Ending	497.3		497.3
Loss Contingency, Accrual, Current	(100.1)		(100.1)
Asbestos-related liabilities	$ 397.2		$ 397.2