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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, except Share data, unless otherwise specified
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 252,299 $ 245,089
Accounts receivable, net 416,116 349,250
Current insurance receivable - asbestos 16,345 16,345
Inventories, net:    
Finished goods 116,113 105,442
Finished parts and subassemblies 36,186 35,100
Work in process 75,179 74,608
Raw materials 136,455 145,539
Inventories, net 363,933 360,689
Current deferred tax asset 48,312 46,664
Other current assets 17,046 14,195
Total current assets 1,114,051 1,032,232
Property, plant and equipment:    
Cost 795,058 802,057
Less: accumulated depreciation 521,418 517,911
Property, plant and equipment, net 273,640 284,146
Long-term insurance receivable - asbestos 202,107 208,952
Long-term deferred tax assets 245,443 265,849
Other assets 88,651 85,301
Intangible assets, net 131,466 146,227
Goodwill 806,170 820,824
Total assets 2,861,528 2,843,531
Current liabilities:    
Short-term borrowings 1,102 1,112
Accounts payable 180,809 194,158
Current asbestos liability 100,943 100,943
Accrued liabilities 209,680 226,717
U.S. and foreign taxes on income 27,407 10,165
Total current liabilities 519,941 533,095
Long-term debt 399,003 398,914
Accrued pension and postretirement benefits 179,026 178,382
Long-term deferred tax liability 41,546 41,668
Long-term asbestos liability 746,640 792,701
Other liabilities 70,869 76,715
Total liabilities 1,957,025 2,021,475
Commitments and contingencies (Note 9)      
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 195,425 189,294
Retained earnings 1,180,100 1,095,953
Accumulated other comprehensive loss (84,946) (93,512)
Treasury stock (467,263) (450,608)
Total shareholders' equity 895,742 813,553
Noncontrolling interests 8,761 8,503
Total equity 904,503 822,056
Total liabilities and equity $ 2,861,528 $ 2,843,531
Common stock issued 72,426,139 72,426,139
Less: Common stock held in treasury (15,074,267) (14,811,885)
Common stock outstanding 57,351,872 57,614,254