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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash Flows From Operating Activities:    
Net income $ 119,353 $ 145,863
Less: Income from discontinued operations, net of tax 3,497 5,272
Income from continuing operations 115,856 140,591
Non-cash items included in net income:    
Depreciation and amortization 45,874 40,099
Equity in (income) loss of unconsolidated affiliates 6,334 (1,551)
Gain on asset disposals and impairments-net (197) (296)
Provision (benefit) from deferred taxes 1,194 (11,648)
Pension costs 768 11,588
Other non-cash items 10,090 10,369
Changes in assets and liabilities, net of effects from dispositions:    
Accounts receivable 36,237 (54,481)
Net contracts in progress and advance billings on contracts (150,712) (257,381)
Accounts payable 4,074 27,589
Accrued and other current liabilities 10,145 40,505
Pension liability and accrued postretirement and employee benefits 15,426 (42,067)
Other assets and liabilities (3,902) 24,907
Net Cash Provided By (Used In) Operating Activities-Continuing Operations 91,187 (71,776)
Net Cash Provided By Operating Activities-Discontinued Operations   62
Total Cash Provided By (Used In) Operating Activities 91,187 (71,714)
Cash Flows From Investing Activities:    
Purchases of property, plant and equipment (131,661) [1] (141,682) [1]
(Increase) decrease in restricted cash and cash equivalents (2,062) 39,950
Purchases of available-for-sale securities (66,266) (377,018)
Sales and maturities of available-for-sale securities 125,895 424,452
Other investing activities, net (2,071) 303
Net Cash Used In Investing Activities-Continuing Operations (76,165) (53,995)
Net Cash Provided By Investing Activities-Discontinued Operations 60,671  
Total Cash Used In Investing Activities (15,494) (53,995)
Cash Flows From Financing Activities:    
Increase in debt 19,033 30,745
Payment of debt (2,988) (4,288)
Distributions to noncontrolling interests (15,726)  
Other financing activities, net (2,638) (2,361)
Net Cash Provided By (Used In) Financing Activities-Continuing Operations (2,319) 24,096
Effects of exchange rate changes on cash and cash equivalents (168) 45
Net increase (decrease) in cash and cash equivalents 73,206 (101,568)
Cash and cash equivalents at beginning of period 570,854 403,463
Cash and cash equivalents at end of period-Continuing Operations 644,060 301,895
Cash paid during the period for:    
Income taxes (net of refunds) $ 47,403 $ 25,534
[1] Total capital expenditures exclude approximately $1.3 million and $6.9 million in accrued capital expenditures for the six months ended June 30, 2012 and 2011, respectively.