CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012		Dec. 31, 2011
Current assets:
Cash and cash equivalents	$ 423,947		$ 245,089
Current insurance receivable — asbestos	33,722		16,345
Accounts receivable, net	333,330		349,250
Inventories	352,725		360,689
Current deferred tax assets	21,618		46,664
Other current assets	15,179		14,195
Total current assets	1,180,521		1,032,232
Property, plant and equipment, net	268,283		284,146
Insurance receivable — asbestos	171,752		208,952
Long-term deferred tax assets	245,843		265,849
Other assets	83,774		85,301
Intangible assets, net	125,913		146,227
Goodwill	813,792		820,824
Total assets	2,889,878		2,843,531
Current liabilities:
Short-term borrowings	1,123		1,112
Accounts payable	182,731		194,158
Current asbestos liability	91,670		100,943
Accrued liabilities	220,678		226,717
U.S. and foreign taxes on income	15,686		10,165
Total current liabilities	511,888		533,095
Long-term debt	399,092		398,914
Accrued pension and postretirement benefits	233,603		178,382
Long-term deferred tax liability	36,853		41,668
Long-term asbestos liability	704,195		792,701
Other liabilities	76,871		76,715
Commitments and Contingencies (Note 11)
Equity:
Preferred shares, par value $.01; 5,000,000 shares authorized	0		0
Common shares, par value $1.00; 200,000,000 shares authorized; 72,426,139 shares issued; 57,106,172 shares outstanding (57,614,254 in 2011)	72,426		72,426
Capital surplus	204,472		189,294
Retained earnings	1,250,972		1,095,953
Accumulated other comprehensive loss	(128,077)	[1]	(93,512)	[1]
Treasury stock; 15,319,967 treasury shares (14,811,885 in 2011)	(481,410)		(450,608)
Total shareholders’ equity	918,383		813,553
Noncontrolling interest	8,993		8,503
Total equity	927,376		822,056
Total liabilities and equity	$ 2,889,878		$ 2,843,531

[1] Net of tax benefit of $89,540, $76,179, and $32,091 for 2012, 2011, and 2010, respectively.