COMMITMENTS AND CONTINGENCIES (Tables)
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3 Months Ended |
Mar. 31, 2019 |
Commitments and Contingencies Disclosure [Abstract] |
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Loss Contingency |
The following table summarizes information concerning our recorded liabilities for environmental costs: | | | | | December 31, 2018 | $ | 755 |
| Accruals for environmental matters deemed probable and reasonably estimable | 86 |
| Environmental liability payments | (28 | ) | Other | (1 | ) | March 31, 2019 | $ | 812 |
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Environmental liabilities are included in the following balance sheet accounts: |
Environmental liabilities are included in the following balance sheet accounts: | | | | | | | | | | March 31, 2019 | | December 31, 2018 | Accrued liabilities | $ | 175 |
| | $ | 175 |
| Other liabilities | 637 |
| | 580 |
| | $ | 812 |
| | $ | 755 |
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Asbestos Related Liabilities |
| | | | | | | | | | | | | Asbestos-Related Liabilities | | | | | | | Bendix | | NARCO | | Total | December 31, 2018 | $ | 1,623 |
| | $ | 891 |
| | $ | 2,514 |
| Accrual for update to estimated liability | 15 |
| | 6 |
| | 21 |
| Asbestos related liability payments | (44 | ) | | — |
| | (44 | ) | March 31, 2019 | $ | 1,594 |
| | $ | 897 |
| | $ | 2,491 |
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Insurance Recoveries for Asbestos Related Liabilities |
| | | | | | | | | | | | | Insurance Recoveries for Asbestos-Related Liabilities | |
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| | Bendix | | NARCO | | Total | December 31, 2018 | $ | 170 |
| | $ | 307 |
| | $ | 477 |
| Insurance receipts for asbestos related liabilities | (2 | ) | | (6 | ) | | (8 | ) | March 31, 2019 | $ | 168 |
| | $ | 301 |
| | $ | 469 |
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NARCO and Bendix asbestos related balances are included in the following balance sheet accounts |
NARCO and Bendix asbestos related balances are included in the following balance sheet accounts:
| | | | | | | | | | March 31, | | December 31, | | 2019 | | 2018 | Other current assets | $ | 40 |
| | $ | 40 |
| Insurance recoveries for asbestos related liabilities | 429 |
| | 437 |
| | $ | 469 |
| | $ | 477 |
| Accrued liabilities | $ | 245 |
| | $ | 245 |
| Asbestos related liabilities | 2,246 |
| | 2,269 |
| | $ | 2,491 |
| | $ | 2,514 |
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The following tables present information regarding Bendix related asbestos claims activity |
| | | | | | | | | | | Three Months Ended March 31, | | Years Ended December 31, | Claims Activity | 2019 | | 2018 | | 2017 | Claims unresolved at the beginning of period | 6,209 |
| | 6,280 |
| | 7,724 |
| Claims filed | 631 |
| | 2,430 |
| | 2,645 |
| Claims resolved | (626 | ) | | (2,501 | ) | | (4,089 | ) | Claims unresolved at the end of period | 6,214 |
| | 6,209 |
| | 6,280 |
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Disease distribution of claims |
| | | | | | | | | | Disease Distribution of Unresolved Claims | March 31, | | December 31, | | 2019 | | 2018 | | 2017 | Mesothelioma and other cancer claims | 3,028 |
| | 2,949 |
| | 3,062 |
| Nonmalignant claims | 3,186 |
| | 3,260 |
| | 3,218 |
| Total claims | 6,214 |
| | 6,209 |
| | 6,280 |
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Average resolution values per asbestos claim |
Honeywell has experienced average resolution values per claim excluding legal costs as follows | | | | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | 2018 | | 2017 | | 2016 | | 2015 | | 2014 | | (in whole dollars) | Malignant claims | $ | 55,300 |
| | $ | 56,000 |
| | $ | 44,000 |
| | $ | 44,000 |
| | $ | 53,500 |
| Nonmalignant claims | $ | 4,700 |
| | $ | 2,800 |
| | $ | 4,485 |
| | $ | 100 |
| | $ | 120 |
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