CONTINGENT LIABILITIES AND OTHER MATTERS (Tables)

9 Months Ended

Oct. 01, 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 October 1, 2022 and December 31, 2021:

	October 1, 2022		December 31, 2021
Insurance recovery assets (1)	$	479.8	$	526.2
Liabilities for claims (2)	574.6		616.5

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(1)Of these amounts, $424.2 and $473.6 are included in “Other assets” at October 1, 2022 and December 31, 2021, respectively, while the remainder is included in “Other current assets.”

(2)Of these amounts, $520.4 and $561.4 are included in “Other long-term liabilities” at October 1, 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 nine months ended October 1, 2022 and October 2, 2021:

	Nine months ended
	October 1, 2022	October 2, 2021
Pending claims, beginning of period	10,065	9,782
Claims filed	2,249	2,044
Claims resolved	(1,733)	(1,797)
Pending claims, end of period	10,581	10,029