Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2020

Commitments and Contingencies Disclosure [Abstract]

Activity Related to Asbestos Claims

(in thousands)	2020	2019	2018
Pending claims – Beginning	24	24	26
New claims	4	4	4
Settlements	(1)	(1)	(1)
Dismissals	(2)	(3)	(5)
Pending claims – Ending	25	24	24

Summary of Net Asbestos Charges

The table below summarizes the total net asbestos-related charge for the years ended December 31, 2020, 2019 and 2018.

	2020		2019		2018
Asbestos provision, net(a)	$	30.8	$	47.9	$	53.8
Asbestos remeasurement, net(b)	135.9		(68.1)		10.0
Settlement agreements and other	(100.4)		—		(58.9)
Asbestos-related costs (benefit), net	$	66.3	$	(20.2)	$	4.9

Roll Forward of Asbestos Liability and Related Assets

The following table provides a rollforward of the estimated asbestos liability and related assets for the years ended December 31, 2020 and 2019.

	2020						2019
	Liability		Asset		Net		Liability		Asset		Net
Balance as of January 1	$	817.6	$	386.8	$	430.8	$	849.3	$	376.7	$	472.6
Asbestos provision(a)	37.1		6.3		30.8		59.4		11.5		47.9
Asbestos remeasurement(b)	155.7		19.8		135.9		(4.5)		63.6		(68.1)
Settlement agreements	—		100.4		(100.4)		—		—		—
Net cash activity and other(a)	(78.4)		(68.6)		(9.8)		(86.6)		(65.0)		(21.6)
Balance as of December 31	$	932.0	$	444.7	487.3		$	817.6	$	386.8	$	430.8
Current portion	91.4		91.0				86.0		67.2
Noncurrent portion	840.6		353.7				731.6		319.6

(a)Includes certain administrative costs such as legal-related costs for insurance asset recoveries. The asbestos provision includes amounts to maintain a rolling 10-year provision prior to the transition in the third quarter of 2020 to full horizon.

(b)In the third quarter of 2020, we extended our projection to include pending claims and claims expected to be filed through 2052, reflecting the full time period over which we expect asbestos-related claims to be filed against us.

Rollforward of Environmental Liability and Related Assets Table

The following table provides a rollforward of the estimated current and long-term environmental liability for the years ended December 31, 2020 and 2019.

	2020		2019
Balance as of January 1	$	61.9	$	66.8
Changes in estimates for pre-existing accruals:
Continuing operations	1.4		0.4
Discontinued operations	(1.5)		0.1
Net cash activity	(3.7)		(5.4)
Foreign currency	0.2		—
Balance as of December 31	$	58.3	$	61.9

Range of Environmental Liability and Number of Active Sites for Environmental Matters

The following table illustrates the reasonably possible high range of estimated liability, and number of active sites for environmental matters.

	2020		2019
High end range	$	97.6	$	108.4
Number of active environmental investigation and remediation sites	27		28