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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 301,672 $ 270,643
Accounts receivable, net 442,535 437,541
Current insurance receivable - asbestos 22,783 22,783
Inventories, net:    
Finished goods 127,585 108,409
Finished parts and subassemblies 38,601 36,645
Work in process 62,497 55,434
Raw materials 180,361 168,398
Inventories, net 409,044 368,886
Current deferred tax asset 32,460 31,651
Other current assets 17,590 17,588
Total current assets 1,226,084 1,149,092
Property, plant and equipment:    
Cost 838,417 841,231
Less: accumulated depreciation 543,655 536,176
Property, plant and equipment, net 294,762 305,055
Long-term insurance receivable - asbestos 132,427 148,222
Long-term deferred tax assets 175,470 186,734
Other assets 130,142 112,265
Intangible assets, net 371,567 408,923
Goodwill 1,223,653 1,249,316
Total assets 3,554,105 3,559,607
Current liabilities:    
Short-term borrowings 114,814 125,826
Accounts payable 224,791 229,828
Current asbestos liability 88,038 88,038
Accrued liabilities 220,744 223,148
U.S. and foreign taxes on income 9,523 2,062
Total current liabilities 657,910 668,902
Long-term debt 749,202 749,170
Accrued pension and postretirement benefits 121,372 151,133
Long-term deferred tax liability 71,894 76,041
Long-term asbestos liability 548,542 610,530
Other liabilities 133,355 89,158
Total liabilities 2,282,275 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 244,584 228,537
Retained earnings 1,484,903 1,403,202
Accumulated other comprehensive loss (106,168) (48,651)
Treasury stock (434,682) (451,195)
Total shareholders' equity 1,261,063 1,204,319
Noncontrolling interests 10,767 10,354
Total equity 1,271,830 1,214,673
Total liabilities and equity $ 3,554,105 $ 3,559,607
Common stock issued 72,426,139 72,426,139
Less: Common stock held in treasury (13,443,528) (14,240,852)
Common stock outstanding 58,982,611 58,185,287