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Commitments and Contingencies (Tables)
9 Months Ended
Sep. 30, 2012
Schedule Of Activity Related To Asbestos Claims
Activity related to asbestos claims during the periods indicated was as follows:
 
 
Three Months Ended
 
Nine Months Ended
 
Year Ended
 
September 30,
 
September 30,
 
December 31,
 
2012
 
2011
 
2012
 
2011
 
2011
Beginning claims
57,559

 
56,403

 
58,658

 
64,839

 
64,839

New claims
933

 
1,088

 
2,720

 
2,946

 
3,748

Settlements
(253
)
 
(283
)
 
(800
)
 
(886
)
 
(1,117
)
Dismissals
(1,467
)
 
(849
)
 
(3,983
)
 
(10,539
)
 
(11,059
)
MARDOC claims*
1

 
2,213

 
178

 
2,212

 
2,247

Ending claims
56,773

 
58,572

 
56,773

 
58,572

 
58,658

* As of January 1, 2010, the Company was named in 36,448 maritime actions which had been administratively dismissed by the United States District Court for the Eastern District of Pennsylvania (“MARDOC claims”), and therefore were not included in “Beginning claims”. As of September 30, 2012, pursuant to an ongoing review process initiated by the Court, 26,575 claims were permanently dismissed, and 3,378 claims remain active (and have been added to “Ending claims”). In addition, the Company was named in 8 new maritime actions in 2010 (not included in “Beginning claims”). The Company expects that more of the remaining 6,503 maritime actions will be activated, or permanently dismissed, as the Court’s review process continues.
Schedule Of Settlement And Defense Costs
Detailed below are the comparable amounts for the periods indicated.
 
 
Three Months Ended
 
Nine Months Ended
 
Year Ended
(in millions)
September 30,
 
September 30,
 
December 31,
 
2012
 
2011
 
2012
 
2011
 
2011
Settlement / indemnity costs incurred (1)
$
8.4

 
$
12.0

 
$
29.3

 
$
42.1

 
$
50.2

Defense costs incurred (1)
15.3

 
14.7

 
44.2

 
40.8

 
55.3

Total costs incurred
$
23.8

 
$
26.7

 
$
73.5

 
$
82.9

 
$
105.5

 
 
 
 
 
 
 
 
 
 
Settlement / indemnity payments
$
9.8

 
$
20.2

 
$
27.8

 
$
41.7

 
$
55.0

Defense payments
13.9

 
14.0

 
41.9

 
41.4

 
56.5

Insurance receipts
(2.8
)
 
(10.6
)
 
(9.7
)
 
(23.9
)
 
(32.2
)
Pre-tax cash payments
$
20.8

 
$
23.6

 
$
60.1

 
$
59.2

 
$
79.3