> Badco also got a funding agreement with Goodco, which gives Badco the right to be reimbursed by Goodco for any expenses incurred as a result of the talc liabilities, up to ~60 billion

From what I can tell from the source documents this is either a misreading or misleading.

Yes Badco can ask Goodco for up to $60B, however that is too cover administrative expenses and payments. However, payments will come from a trust fund decided with Badco in bankruptcy. From what I'm finding online, J&J has proposed to cap that trust fund at $2.5B. Meaning effectively they are trying to decide the max amount they will be held liable for across all cases.

So apparently not $60B, if I'm reading that correctly.