Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Schedule of Change in Number of Asbestos Claims Outstanding

The following table summarizes the change in number of asbestos claims outstanding during 2023 and 2022:

	2023	2022
Claims outstanding as of January 1	537	543
New claims filed	136	129
Pending claims concluded(1)	(167)	(135)
Claims outstanding as of December 31	506	537

(1) For the year ended December 31, 2023, 155 claims were dismissed and 12 claims were settled. For the year ended December 31, 2022, 119 claims were dismissed and 16 claims were settled. Settlements totaled approximately $4.5 million for the year ended December 31, 2023, compared to $2.4 million for the year ended December 31, 2022.

Schedule of Asbestos-Related Claims and Insurance Receivables

Our projected asbestos-related claims and insurance receivables were as follows:

	As of December 31,
(Dollars in millions)	2023		2022
Asbestos-related liabilities	$	61.5	$	65.1
Asbestos-related insurance receivables	$	56.5	$	59.8