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Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2020
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 2020 and 2019:
20202019
Claims outstanding as of January 1592 745 
New claims filed115 251 
Pending claims concluded*(146)(404)
Claims outstanding as of December 31561 592 
* For the year ended December 31, 2020, 126 claims were dismissed and 20 claims were settled. For the year ended December 31, 2019, 373 claims were dismissed and 31 claims were settled. Settlements totaled approximately $5.4 million for the year ended December 31, 2020, compared to $5.0 million for the year ended December 31, 2019.
Schedule of Loss Contingencies by Contingency
Our projected asbestos-related claims and insurance receivables were as follows:
As of December 31,
(Dollars in millions)20202019
Asbestos-related liabilities$73.2 $85.9 
Asbestos-related insurance receivables$66.8 $78.3