Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 622,299,000	$ 670,980,000
Accounts receivable, net of allowance for expected credit losses of $66,252 and $53,412, respectively	732,879,000	795,538,000
Contract assets, net of allowance for expected credit losses of $2,681 at March 31, 2020	275,927,000	272,914,000
Inventories, net	684,113,000	660,837,000
Prepaid expenses and other	110,296,000	105,101,000
Total current assets	2,425,514,000	2,505,370,000
Property, plant and equipment, net of accumulated depreciation of $1,007,261 and $1,013,207, respectively	550,853,000	572,175,000
Operating lease right-of-use assets, net	182,464,000	186,218,000
Goodwill	1,180,264,000	1,193,010,000
Deferred taxes	31,517,000	54,879,000
Other intangible assets, net	174,538,000	180,805,000
Other assets, net of allowance for expected credit losses of $100,887 and $101,439, respectively	216,924,000	227,185,000
Total assets	4,762,074,000	4,919,642,000
Current liabilities:
Accounts payable	425,795,000	447,582,000
Accrued liabilities	410,783,000	401,385,000
Contract liabilities	223,632,000	216,541,000
Debt due within one year	8,980,000	11,272,000
Operating lease liabilities	36,841,000	36,108,000
Total current liabilities	1,106,031,000	1,112,888,000
Long-term debt due after one year	1,357,108,000	1,365,977,000
Operating lease liabilities	147,031,000	151,523,000
Retirement obligations and other liabilities	466,479,000	473,295,000
Shareholders’ equity:
Common shares, $1.25 par value, Shares authorized - 305,000, Shares issued - 176,793	220,991,000	220,991,000
Capital in excess of par value	497,721,000	501,045,000
Retained earnings	3,661,579,000	3,695,862,000
Treasury shares, at cost – 47,002 and 46,262 shares, respectively	(2,069,063,000)	(2,051,583,000)
Deferred compensation obligation	8,324,000	8,334,000
Accumulated other comprehensive loss	(660,122,000)	(584,292,000)
Total Flowserve Corporation shareholders’ equity	1,659,430,000	1,790,357,000
Noncontrolling interests	25,995,000	25,602,000
Total equity	1,685,425,000	1,815,959,000
Total liabilities and equity	$ 4,762,074,000	$ 4,919,642,000