CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 270,643	$ 423,947
Current insurance receivable — asbestos	22,783	33,722
Accounts receivable, net	437,541	333,330
Inventories	368,886	352,725
Current deferred tax assets	31,651	21,618
Other current assets	17,588	15,179
Total current assets	1,149,092	1,180,521
Property, plant and equipment, net	305,055	268,283
Insurance receivable — asbestos	148,222	171,752
Long-term deferred tax assets	186,734	245,843
Other assets	112,265	83,774
Intangible assets, net	408,923	125,913
Goodwill	1,249,316	813,792
Total assets	3,559,607	2,889,878
Current liabilities:
Short-term borrowings	125,826	1,123
Accounts payable	229,828	182,731
Current asbestos liability	88,038	91,670
Accrued liabilities	223,148	220,678
U.S. and foreign taxes on income	2,062	15,686
Total current liabilities	668,902	511,888
Long-term debt	749,170	399,092
Accrued pension and postretirement benefits	151,133	233,603
Long-term deferred tax liability	76,041	36,853
Long-term asbestos liability	610,530	704,195
Other liabilities	89,158	76,871
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; 58,185,287 shares outstanding (57,106,172 in 2012)	72,426	72,426
Capital surplus	228,537	204,472
Retained earnings	1,403,202	1,250,972
Accumulated other comprehensive loss	(48,651)	(128,077)
Treasury stock; 14,240,852 treasury shares (15,319,967 in 2012)	(451,195)	(481,410)
Total shareholders’ equity	1,204,319	918,383
Noncontrolling interest	10,354	8,993
Total equity	1,214,673	927,376
Total liabilities and equity	$ 3,559,607	$ 2,889,878