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Contingencies (Tables)
9 Months Ended
Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]  
Summary of Cumulative Trauma Product Liability Claims Activity
A summary of cumulative trauma product liability lawsuits and asserted claims activity follows:
 
 
Nine Months Ended September 30, 2017
 
Year Ended December 31, 2016
Open lawsuits, beginning of period
 
1,794

 
1,988

New lawsuits
 
304

 
379

Settled and dismissed lawsuits
 
(663
)
 
(573
)
Open lawsuits, end of period
 
1,435

 
1,794


 
 
Nine Months Ended September 30, 2017
 
Year Ended December 31, 2016
Asserted claims, beginning of period
 
3,023

 
3,779

New claims
 
349

 
843

Settled and dismissed claims
 
(1,101
)
 
(1,599
)
Asserted claims, end of period
 
2,271

 
3,023

Summary of Insurance Receivable Balances and Activity Related to Cumulative Trauma Product Liability Losses
A summary of insurance receivable balances and activity related to cumulative trauma product liability losses follows:
(In millions)
 
Nine Months Ended September 30, 2017
 
Year Ended December 31, 2016
Balance beginning of period
 
$
159.9

 
$
229.5

Additions
 
68.4

 
29.2

Collections and settlements converted to notes receivable
 
(119.6
)
 
(98.8
)
Balance end of period
 
$
108.7

 
$
159.9

Schedule of Notes Receivable Balances from Insurance Companies
A summary of notes receivable balances from insurance companies is as follows:
(In millions)
 
Nine Months Ended September 30, 2017
 
Year Ended December 31, 2016
Balance beginning of period
 
$
67.3

 
$
8.7

Additions
 
34.6

 
95.6

Collections
 
(23.5
)
 
(37.0
)
Balance end of period
 
$
78.4

 
$
67.3