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Commitments and Contingent Liabilities (Tables)
6 Months Ended
Jun. 30, 2023
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 settlement or dismissal in large numbers, the amount and timing of filings, settlements and dismissals and the number of open claims during a particular period can fluctuate significantly.

 

 

 

Six Months Ended

 

 

Year Ended

 

(Dollars in millions)

 

June 30, 2023

 

 

December 31, 2022

 

Pending claims, beginning of period

 

 

37,200

 

 

 

38,200

 

New claims filed

 

 

400

 

 

 

900

 

Claims settled/dismissed

 

 

(600

)

 

 

(1,900

)

Pending claims, end of period

 

 

37,000

 

 

 

37,200

 

Payments(1)

 

$

9

 

 

$

16

 

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