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Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Liability for Unpaid Claims and Claims Adjustment Expense
The following table summarizes the change in number of asbestos claims outstanding during 2019 and 2018:
 
2019
 
2018
Claims outstanding as of January 1
745

 
687

New claims filed
251

 
275

Pending claims concluded*
(404
)
 
(217
)
Claims outstanding as of December 31
592

 
745

* For the year ended December 31, 2019, 373 claims were dismissed and 31 claims were settled. For the year ended December 31, 2018, 192 claims were dismissed and 25 claims were settled. Settlements totaled approximately $5.0 million for the year ended December 31, 2019, compared to $7.1 million for the year ended December 31, 2018.
Schedule of Loss Contingencies by Contingency
Our projected asbestos-related claims and insurance receivables were as follows:
 
As of December 31,
(Dollars in millions)
2019
 
2018
Asbestos-related liabilities
$
85.9

 
$
70.3

Asbestos-related insurance receivables
$
78.3

 
$
63.8