|
Bankrupt Entity
|
Date of Filing
|
Assets
(In Billions)
|
Available Insurance
(In Millions)
|
Projected Total
Reorg. Costs
(In Millions)2
|
Estimated Trust Fund
(In Billions)
|
|
A.P. Green Industries
|
02/14/2002
|
N/A
|
$664
|
$22.55
|
$.05
|
|
1 Armstrong World Industries
|
12/06/2000
|
$4.164
|
$236
|
$145.37
|
$1.5
|
|
1 Babcock & Wilcox
|
02/22/2000
|
$.840
|
$1,015
|
$229.19
|
$1.5
|
|
Combustion Engineering
|
02/17/2003
|
N/A
|
N/A
|
N/A
|
N/A
|
|
DII Industries (Halliburton)
|
12/16/2003
|
$4.225
|
$1,600
|
$31.92
|
$2.0
|
|
1 Federal Mogul
|
10/01/2001
|
$10.15
|
$771
|
$345.24
|
$2.0
|
|
Kaiser Aluminum
|
06/09/2000
|
$ 3.364
|
$501
|
N/A
|
$1.0
|
|
NARCO/Honeywell
|
01/04/2002
|
$1.4
|
$1,400
|
N/A
|
$2.5
|
|
1 Owens Corning
|
10/05/2000
|
$6.494
|
$59
|
$353.82
|
$3.4
|
|
Pittsburgh Corning
|
04/01/2000
|
$.108
|
$700
|
N/A
|
$3.0
|
|
1 U.S. Gypsum
|
06/25/2001
|
$3.2
|
$76
|
$100.82
|
$1.2
|
|
1 W.R. Grace Co.
|
04/02/2001
|
$2.493
|
$360
|
$114.79
|
$1.1
|
|
|
Totals
|
$36.438B
|
$7,382M
|
$1,343.67M
|
$19.250B
|
1 These six debtors have, collectively, almost
$30 billion in assets plus roughly $6
billion in insurance available to pay asbestos claims.
2 Please see chart below for detailed Projected Chapter 11
Reorganizations Costs.
Note: Value of Trust Fund is based on company cash
contributions, available insurance, bank notes and the sale of new
common stock
Chapter 11 Asbestos Reorganization Costs (2001-2003) For
Six Debtors
(Numbers in Millions of Dollars)
|
Company
|
2001
|
2002
|
2003
|
Yearly Avg.*
|
Projected Total Cost**
|
|
Armstrong World Industries
|
$25.5
|
$28.1
|
$25.7
|
$26.43
|
$145.37
|
|
Babcock & Wilcox
|
0
|
$86.0
|
$39.0
|
$41.67
|
$229.19
|
|
Federal Mogul
|
$44.8
|
$73.1
|
$70.4
|
$62.77
|
$345.24
|
|
Owens Corning
|
$63.0
|
$ 70.0
|
$60.0
|
$64.33
|
$353.82
|
|
U.S. Gypsum
|
$14.0
|
$22.0
|
$19.0
|
$18.33
|
$100.82
|
|
W.R. Grace
|
$16.6
|
$30.6
|
$15.4
|
$20.87
|
$114.79
|
|
Totals
|
$163.9
|
$309.8
|
$229.5
|
$234.40
|
$1289.23[if supportFields]>
|
|