Everest Re Group, Ltd.’s net reserves for asbestos and environmental exposures amounted to US$517.4 million during the three months ended March 31, 2011, compared with US$600.2 million during the three months ended March 31, 2010.
The Company’s gross reserves for A&E…
Tyco Electronics Ltd., as of December 26, 2008, concluded that it was probable that it would incur remedial costs in the range of approximately $12 million to $24 million for environmental remediation matters at a number of sites.
The Company said…
Tyco International, Ltd. concluded that its best estimate in remedial costs amounts to about US$44.0 million. The Company’s range estimate was from US$38.0 million to US$77.0 million in remedial costs at December 26, 2008.
The Company reports that it is involved…
Covidien, Ltd., approximates that it would incur remedial costs in the range of US$113 million to US$252 million for the cleanup of all known sites, including the Orrington, Maine site.
One of the Company’s subsidiaries, Mallinckrodt LLC, owned and operated a…
Tyco International Ltd., as of Sept. 26, 2008, had estimated about US$43 million for environmental matters, of which US$10 million is included in accrued and other current liabilities and US$33 million in other liabilities on the Company’s consolidated balance sheet.
The…
Covidien Ltd., as of Sept. 26, 2008, recorded liabilities of about US$125 million for environmental contingencies.
Of the US$125 million, US$13 million was included in “accrued and other current liabilities” and US$112 million was included in “other liabilities” in the Company’s…
Covidien Ltd.’s subsidiary, Mallinckrodt LLC, still faces responsibility regarding mercury contamination of the Penobscot River and Bay.
In April 2000, the Natural Resources Defense Council and the Maine People’s Alliance sued Mallinckrodt and other prior owners in the U.S. District Court…
Covidien Ltd. expects to incur investigation and remedial costs, including asset retirement obligations, of about US$222 million for environmental matters, the Company disclosed in its Annual Report on Form 10-K for the year ended Sept. 26, 2008.
Of the US$222 million,…
Covidien Ltd.’s subsidiary, Mallinckrodt LLC, continues to await an implementation order from the Maine Department of Environmental Protection outlining MDEP’s preferred remedial action related to a chemical manufacturing facility in Orrington.
Mallinckrodt owned and operated the chemical manufacturing facility from 1967…
Covidien Ltd., at Sept. 26, 2008, accrued US$27 million for future investigation and remediation costs related to a chemical manufacturing facility in Orrington, Maine.
The Company’s subsidiary, Mallinckrodt LLC, owned and operated the Orrington facility from 1967 until 1982.
The accrual does…