CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 346,266	$ 270,643
Current insurance receivable — asbestos	20,500	22,783
Accounts receivable, net	410,852	437,541
Inventories	369,719	368,886
Current deferred tax assets	33,002	31,651
Other current assets	14,845	17,588
Total current assets	1,195,184	1,149,092
Property, plant and equipment, net	290,264	305,055
Insurance receivable — asbestos	126,750	148,222
Long-term deferred tax assets	196,245	186,734
Other assets	97,583	112,265
Intangible assets, net	353,454	408,923
Goodwill	1,191,305	1,249,316
Total assets	3,450,785	3,559,607
Current liabilities:
Short-term borrowings	100,806	125,826
Accounts payable	228,822	229,828
Current asbestos liability	79,000	88,038
Accrued liabilities	225,773	223,148
U.S. and foreign taxes on income	5,624	2,062
Total current liabilities	640,025	668,902
Long-term debt	749,213	749,170
Accrued pension and postretirement benefits	278,253	151,133
Long-term deferred tax liability	46,301	76,041
Long-term asbestos liability	534,515	610,530
Other liabilities	131,877	89,158
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; 58,121,791 shares outstanding (58,185,287 in 2013)	72,426	72,426
Capital surplus	249,190	228,537
Retained earnings	1,521,990	1,403,202
Accumulated other comprehensive loss	(298,751)	(48,651)
Treasury stock; 14,304,348 treasury shares (14,240,852 in 2013)	(485,103)	(451,195)
Total shareholders’ equity	1,059,752	1,204,319
Noncontrolling interest	10,849	10,354
Total equity	1,070,601	1,214,673
Total liabilities and equity	$ 3,450,785	$ 3,559,607