Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 450,350	$ 363,804
Accounts receivable, net	1,082,447us-gaap_AccountsReceivableNetCurrent	1,155,327us-gaap_AccountsReceivableNetCurrent
Inventories, net	995,564us-gaap_InventoryNet	1,060,670us-gaap_InventoryNet
Deferred taxes	158,912us-gaap_DeferredTaxAssetsNetCurrent	157,448us-gaap_DeferredTaxAssetsNetCurrent
Prepaid expenses and other	106,890	110,133
Total current assets	2,794,163us-gaap_AssetsCurrent	2,847,382us-gaap_AssetsCurrent
Property, plant and equipment, net	693,881us-gaap_PropertyPlantAndEquipmentNet	716,289us-gaap_PropertyPlantAndEquipmentNet
Goodwill	1,067,255us-gaap_Goodwill	1,107,551us-gaap_Goodwill
Deferred taxes	31,419us-gaap_DeferredTaxAssetsNetNoncurrent	19,533us-gaap_DeferredTaxAssetsNetNoncurrent
Other intangible assets, net	146,337	160,548
Other assets, net	234,965us-gaap_OtherAssetsNoncurrent	185,430us-gaap_OtherAssetsNoncurrent
Total assets	4,968,020us-gaap_Assets	5,036,733us-gaap_Assets
Current liabilities:
Accounts payable	611,715us-gaap_AccountsPayableCurrent	612,092us-gaap_AccountsPayableCurrent
Accrued liabilities	794,072us-gaap_AccruedLiabilitiesCurrent	861,010us-gaap_AccruedLiabilitiesCurrent
Debt due within one year	53,131us-gaap_DebtCurrent	72,678us-gaap_DebtCurrent
Deferred taxes	12,957us-gaap_DeferredTaxLiabilitiesCurrent	12,319us-gaap_DeferredTaxLiabilitiesCurrent
Total current liabilities	1,471,875us-gaap_LiabilitiesCurrent	1,558,099us-gaap_LiabilitiesCurrent
Long-term debt due after one year	1,101,791us-gaap_LongTermDebtNoncurrent	1,127,619us-gaap_LongTermDebtNoncurrent
Retirement obligations and other liabilities	452,511	473,894
Commitments and contingencies (See Note 13)
Shareholders’ equity:
Common shares, $1.25 par value, Shares authorized - 305,000, Shares issued - 176,793 and 176,793, respectively	220,991us-gaap_CommonStockValue	220,991us-gaap_CommonStockValue
Capital in excess of par value	495,600	476,218
Retained earnings	3,415,738	2,985,391
Treasury shares, at cost — 42,444 and 39,630 shares, respectively	(1,830,919)us-gaap_TreasuryStockValue	(1,600,266)us-gaap_TreasuryStockValue
Deferred compensation obligation	10,558us-gaap_DeferredCompensationEquity	9,522us-gaap_DeferredCompensationEquity
Accumulated other comprehensive loss	(380,406)	(221,477)
Total Flowserve Corporation shareholders’ equity	1,931,562us-gaap_StockholdersEquity	1,870,379us-gaap_StockholdersEquity
Noncontrolling interests	10,281us-gaap_MinorityInterest	6,742us-gaap_MinorityInterest
Total equity	1,941,843	1,877,121
Total liabilities and equity	$ 4,968,020	$ 5,036,733

For a classified balance sheet, the carrying amount as of the balance sheet date of the portion of the obligations recognized for the various post employment and postretirement benefits provided to former or inactive employees, their beneficiaries, and covered dependents that is payable after one year (or beyond the operating cycle if longer. Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet due to materiality considerations. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer).

No definition available.