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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 65,424 $ 74,427
Less: Income from discontinued operations, net of tax 3,497 1,662
Income from continuing operations 61,927 72,765
Non-cash items included in net income:    
Depreciation and amortization 23,276 20,525
Equity in (income) loss of unconsolidated affiliates 3,683 (3,427)
Gain on asset disposals (226) (225)
Benefit for deferred taxes (4,131) (6,929)
Pension costs 579 6,153
Other non-cash items 3,224 4,368
Changes in assets and liabilities, net of effects from dispositions:    
Accounts receivable 50,017 17,045
Net contracts in progress and advance billings on contracts 65,363 (244,062)
Accounts payable (55,292) 23,947
Accrued and other current liabilities (10,040) 39,311
Pension liability and accrued postretirement and employee benefits 7,489 (41,546)
Other assets and liabilities 26,992 20,038
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES-CONTINUING OPERATIONS 172,861 (92,037)
NET CASH PROVIDED BY OPERATING ACTIVITIES-DISCONTINUED OPERATIONS   114
TOTAL CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 172,861 (91,923)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (44,751) [1] (63,986) [1]
Increase in restricted cash and cash equivalents (2,870) (8,493)
Purchases of available-for-sale securities (40,319) (298,169)
Sales and maturities of available-for-sale securities 94,380 258,361
Other investing activities (2,150) 218
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES-CONTINUING OPERATIONS 4,290 (112,069)
NET CASH PROVIDED BY INVESTING ACTIVITIES-DISCONTINUED OPERATIONS 60,671  
TOTAL CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 64,961 (112,069)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Increase in debt   11,837
Payment of debt (1,494) (2,158)
Distributions to noncontrolling interests (15,733)  
Other financing activities (1,784) 57
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES-CONTINUING OPERATIONS (19,011) 9,736
EFFECTS OF EXCHANGE RATE CHANGES ON CASH (700)  
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 218,111 (194,256)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 570,854 403,463
CASH AND CASH EQUIVALENTS AT END OF PERIOD-CONTINUING OPERATIONS 788,965 209,207
Cash paid during the period for:    
Income taxes (net of refunds) $ 16,036 $ 3,574
[1] Total capital expenditures exclude approximately $13 million and $4 million in accrued capital expenditures for the three months ended March 31, 2012 and 2011, respectively.