Two of the world’s largest providers of products and services to the oil, gas, construction and engineering industries won court approval of a restructuring plan that allots a large chunk of money for asbestos-claims settlements, says Bloomberg.

Halliburton Co.’s DII Industries and Kellogg Brown & Root, which handles the engineering and construction services for Halliburton, were approved for a restructuring plan that includes a $4.2 billion settlement of asbestos claims.

U.S. Bankruptcy Judge Judith Fitzgerald of Pittsburgh approved the plan, along with the almost 400,000 claimants suing the company.

Most asbestos lawsuits against Halliburton stemmed from its 1998 $6.2 billion purchase of Dresser Industries, which was renamed DII, says Bloomberg.