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Other Operating Income (Expense)
12 Months Ended
Dec. 31, 2019
Other Income And Expenses [Abstract]  
Other operating income (expense)

Note 13 - Other operating income (expense):

We have agreements with certain insurance carriers pursuant to which the carriers reimburse us for a portion of our past lead pigment and asbestos litigation defense costs.  Insurance recoveries include amounts we received from these insurance carriers.   

The agreements with certain of our insurance carriers also include reimbursement for a portion of our future litigation defense costs.  We are not able to determine how much we will ultimately recover from these carriers for defense costs incurred by us because of certain issues that arise regarding which defense costs qualify for reimbursement.  Accordingly, these insurance recoveries are recognized when the receipt is probable and the amount is determinable.  Insurance recoveries in 2019 primarily related to a single settlement we reached with one of our insurance carriers in which they agreed to reimburse us for a portion of our past and future litigation defense costs.  See Note 17.  

Other income, net in 2019 includes a gain of $4.4 million related to a sale of excess property in the third quarter.  In the fourth quarter we sold our insurance and risk management business for proceeds of $3.25 million and recognized a gain of $3.0 million on the sale.