CONTINGENT LIABILITIES AND OTHER MATTERS (Tables)

6 Months Ended

Jul. 02, 2022

Commitments and Contingencies Disclosure [Abstract]

Schedule of Asbestos Product Liability Matters

Our recorded assets and liabilities related to asbestos-related claims were as follows at July 2, 2022 and December 31, 2021:

	July 2, 2022		December 31, 2021
Insurance recovery assets (1)	$	510.6	$	526.2
Liabilities for claims (2)	592.5		616.5

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(1)Of these amounts, $456.6 and $473.6 are included in “Other assets” at July 2, 2022 and December 31, 2021, respectively, while the remainder is included in “Other current assets.”

(2)Of these amounts, $536.9 and $561.4 are included in “Other long-term liabilities” at July 2, 2022 and December 31, 2021, respectively, while the remainder is included in “Accrued expenses.”

The following table presents information regarding activity for the asbestos-related claims for the six months ended July 2, 2022 and July 3, 2021:

	Six months ended
	July 2, 2022	July 3, 2021
Pending claims, beginning of period	10,065	9,782
Claims filed	1,547	1,253
Claims resolved	(1,216)	(1,104)
Pending claims, end of period	10,396	9,931