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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 314,192 $ 270,643
Accounts receivable, net 467,497 437,541
Current insurance receivable - asbestos 22,783 22,783
Inventories, net:    
Finished goods 128,183 108,409
Finished parts and subassemblies 37,569 36,645
Work in process 58,384 55,434
Raw materials 177,374 168,398
Inventories, net 401,510 368,886
Current deferred tax asset 36,646 31,651
Other current assets 18,465 17,588
Total current assets 1,261,093 1,149,092
Property, plant and equipment:    
Cost 862,589 841,231
Less: accumulated depreciation 556,908 536,176
Property, plant and equipment, net 305,681 305,055
Long-term insurance receivable - asbestos 139,197 148,222
Long-term deferred tax assets 169,895 186,734
Other assets 117,049 112,265
Intangible assets, net 392,524 408,923
Goodwill 1,247,324 1,249,316
Total assets 3,632,763 3,559,607
Current liabilities:    
Short-term borrowings 153,806 125,826
Accounts payable 237,549 229,828
Current asbestos liability 88,038 88,038
Accrued liabilities 217,270 223,148
U.S. and foreign taxes on income 2,127 2,062
Total current liabilities 698,790 668,902
Long-term debt 749,192 749,170
Accrued pension and postretirement benefits 137,481 151,133
Long-term deferred tax liability 76,812 76,041
Long-term asbestos liability 570,753 610,530
Other liabilities 74,008 89,158
Total liabilities 2,307,036 2,344,934
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 238,977 228,537
Retained earnings 1,476,291 1,403,202
Accumulated other comprehensive loss (37,011) (48,651)
Treasury stock (435,735) (451,195)
Total shareholders' equity 1,314,948 1,204,319
Noncontrolling interests 10,779 10,354
Total equity 1,325,727 1,214,673
Total liabilities and equity $ 3,632,763 $ 3,559,607
Common stock issued 72,426,139 72,426,139
Less: Common stock held in treasury (13,473,286) (14,240,852)
Common stock outstanding 58,952,853 58,185,287