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Commitments and Contingent Liabilities (Tables)
6 Months Ended
Jun. 30, 2021
Commitments And Contingencies Disclosure [Abstract]  
Summary of Recent Approximate Asbestos Claims Activity

A summary of recent approximate asbestos claims activity follows. Because claims are often filed and disposed of by dismissal or settlement in large numbers, the amount and timing of settlements and the number of open claims during a particular period can fluctuate significantly.

 

 

 

Six Months Ended

 

 

Year Ended

 

(Dollars in millions)

 

June 30, 2021

 

 

December 31, 2020

 

Pending claims, beginning of period

 

 

38,700

 

 

 

39,600

 

New claims filed

 

 

500

 

 

 

1,100

 

Claims settled/dismissed

 

 

(700

)

 

 

(2,000

)

Pending claims, end of period

 

 

38,500

 

 

 

38,700

 

Payments(1)

 

$

7

 

 

$

13

 

(1)
Represents cash payments made during the period by us and our insurers on asbestos litigation defense and claim resolution.