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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 280,536 $ 245,089
Accounts receivable, net 403,688 349,250
Current insurance receivable - asbestos 16,345 16,345
Inventories, net:    
Finished goods 121,905 105,442
Finished parts and subassemblies 35,688 35,100
Work in process 66,265 74,608
Raw materials 142,987 145,539
Inventories, net 366,845 360,689
Current deferred tax asset 47,690 46,664
Other current assets 17,373 14,195
Total current assets 1,132,477 1,032,232
Property, plant and equipment:    
Cost 802,711 802,057
Less: accumulated depreciation 531,327 517,911
Property, plant and equipment, net 271,384 284,146
Long-term insurance receivable - asbestos 199,264 208,952
Long-term deferred tax assets 236,083 265,849
Other assets 91,523 85,301
Intangible assets, net 129,328 146,227
Goodwill 812,453 820,824
Total assets 2,872,512 2,843,531
Current liabilities:    
Short-term borrowings 1,114 1,112
Accounts payable 173,328 194,158
Current asbestos liability 100,943 100,943
Accrued liabilities 217,261 226,717
U.S. and foreign taxes on income 28,618 10,165
Total current liabilities 521,264 533,095
Long-term debt 399,048 398,914
Accrued pension and postretirement benefits 180,368 178,382
Long-term deferred tax liability 42,545 41,668
Long-term asbestos liability 722,962 792,701
Other liabilities 73,573 76,715
Total liabilities 1,939,760 2,021,475
Equity:    
Preferred shares, par value $.01; 5,000,000 shares authorized 0 0
Common stock, par value $1.00; 200,000,000 shares authorized, 72,426,139 shares issued 72,426 72,426
Capital surplus 199,661 189,294
Retained earnings 1,221,304 1,095,953
Accumulated other comprehensive loss (82,311) (93,512)
Treasury stock (486,915) (450,608)
Total shareholders' equity 924,165 813,553
Noncontrolling interests 8,587 8,503
Total equity 932,752 822,056
Total liabilities and equity $ 2,872,512 $ 2,843,531
Common stock issued 72,426,139 72,426,139
Less: Common stock held in treasury (15,508,331) (14,811,885)
Common stock outstanding 56,917,808 57,614,254