The amounts recorded in the Consolidated Balance Sheets related to the estimated future settlement of existing claims are as follows:
|
| | | | | | | |
| December 31, |
(millions of dollars) | 2013 | | 2012 |
Assets: | |
| | |
|
Other non-current assets | $ | 96.7 |
| | $ | 85.6 |
|
Total insurance assets | $ | 96.7 |
| | $ | 85.6 |
|
Liabilities: |
|
| | |
|
Accounts payable and accrued expenses | $ | 41.1 |
| | $ | 36.5 |
|
Other non-current liabilities | 55.6 |
| | 49.1 |
|
Total accrued liabilities | $ | 96.7 |
| | $ | 85.6 |
|
The 2013 increase in the accrued liability and associated insurance asset is primarily due to an expected higher rate of claim settlement based on recent claim activity.
