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Condensed Consolidated Balance Sheets (USD $)
In Thousands, except Share data, unless otherwise specified
Mar. 31, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 195,860 $ 245,089
Accounts receivable, net 404,418 349,250
Current insurance receivable - asbestos 16,345 16,345
Inventories, net:    
Finished goods 113,375 105,442
Finished parts and subassemblies 36,350 35,100
Work in process 75,954 74,608
Raw materials 142,816 145,539
Inventories, net 368,495 360,689
Current deferred tax asset 48,578 46,664
Other current assets 15,514 14,195
Total current assets 1,049,210 1,032,232
Property, plant and equipment:    
Cost 815,619 802,057
Less: accumulated depreciation 531,330 517,911
Property, plant and equipment, net 284,289 284,146
Long-term insurance receivable - asbestos 204,929 208,952
Long-term deferred tax assets 254,104 265,849
Other assets 87,692 85,301
Intangible assets, net 143,472 146,227
Goodwill 826,717 820,824
Total assets 2,850,413 2,843,531
Current liabilities:    
Short-term borrowings 794 1,112
Accounts payable 184,319 194,158
Current asbestos liability 100,943 100,943
Accrued liabilities 187,006 226,717
U.S. and foreign taxes on income 14,745 10,165
Total current liabilities 487,807 533,095
Long-term debt 398,958 398,914
Accrued pension and postretirement benefits 180,770 178,382
Long-term deferred tax liability 42,664 41,668
Long-term asbestos liability 770,443 792,701
Other liabilities 73,915 76,715
Total liabilities 1,954,557 2,021,475
Commitments and Contingencies (Note 8)      
Equity:    
Preferred shares, par value $.01; 5,000,000 shares authorized 0 0
Common stock, par value $1.00; 200,000,000 shares authorized, 72,426,139 shares issued 72,426 72,426
Capital surplus 190,790 189,294
Retained earnings 1,132,524 1,095,953
Accumulated other comprehensive loss (70,721) (93,512)
Treasury stock (437,826) (450,608)
Total shareholders' equity 887,193 813,553
Noncontrolling interest 8,663 8,503
Total equity 895,856 822,056
Total liabilities and equity $ 2,850,413 $ 2,843,531
Common stock issued 72,426,139 72,426,139
Less: Common stock held in treasury (14,327,320) (14,811,885)
Common stock outstanding 58,098,819 57,614,254