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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income (Loss) $ (497,955) $ 217,423 $ 151,355
(Income) loss from discontinued operations, net of tax   (3,497) 12,812
Income (loss) from continuing operations (497,955) 213,926 164,167
Non-cash items included in net income:      
Depreciation and amortization 84,580 86,440 82,391
Drydock amortization 18,467 25,545 24,567
Equity in loss of unconsolidated affiliates 16,116 16,719 4,985
Gains on asset disposals (15,200) (405) (8,478)
Loss on asset impairments 84,482 0 5,488
Provision for deferred taxes (5,359) 3,847 1,650
Stock-based compensation charges 21,100 15,369 17,825
Restructuring charges 18,044    
Other non-cash items (3,463) 8,367 18,096
Changes in assets and liabilities, net of effects from acquisitions:      
Accounts receivable 30,156 (5,920) (152,840)
Net contracts in progress and advance billings on contracts 171,397 (351,604) (151,157)
Accounts payable (17,493) 84,430 71,291
Accrued and other current liabilities (22,155) 36,922 56,049
Income taxes (54,431) 22,832 17,138
Pension liability and accrued postretirement and employee benefits (30,828) 36,897 (83,263)
Other (54,069) 16,419 29,537
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES-CONTINUING OPERATIONS (256,611) 209,784 97,446
NET CASH USED IN OPERATING ACTIVITIES-DISCONTINUED OPERATIONS     (1,426)
TOTAL CASH PROVIDED BY OPERATING ACTIVITIES (256,611) 209,784 96,020
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (283,962) (286,310) (282,621)
(Increase) decrease in restricted cash and cash equivalents (5,536) 3,846 175,899
Purchases of available-for-sale securities (10,535) (95,964) (546,822)
Sales and maturities of available-for-sale securities 43,959 191,298 693,424
Investments in unconsolidated affiliates (9,354) (5,084) (1,058)
Proceeds from asset dispositions and other investing activities 34,273 3,291 9,943
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES-CONTINUING OPERATIONS (231,155) (188,923) 48,765
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES-DISCONTINUED OPERATIONS   60,671  
TOTAL CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES (231,155) (128,252) 48,765
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from debt 296,000 19,034 46,987
Payment of debt (310,146) (10,061) (8,606)
Purchase of treasury shares (1,106) (2,898) (10,092)
Distributions to noncontrolling interests (13,743) (20,135) (2,524)
Debt issuance costs and other financing activities (4,837) 267 (4,476)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES-CONTINUING OPERATIONS (33,832) (13,793) 21,289
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES-DISCONTINUED OPERATIONS     1,426
TOTAL CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (33,832) (13,793) 22,715
EFFECTS OF EXCHANGE RATE CHANGES ON CASH 153 1,554 (109)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (521,445) 69,293 167,391
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 640,147 570,854 403,463
CASH AND CASH EQUIVALENTS AT END OF PERIOD 118,702 640,147 570,854
Cash paid (received) during the period for:      
Income taxes (net of refunds) $ 105,444 $ 89,451 $ 67,970