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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 420,918 $ 423,947
Accounts receivable, net 379,373 333,330
Current insurance receivable - asbestos 33,722 33,722
Inventories, net:    
Finished goods 119,430 113,872
Finished parts and subassemblies 37,372 37,517
Work in process 60,758 59,277
Raw materials 140,911 142,059
Inventories, net 358,471 352,725
Current deferred tax asset 23,980 21,618
Other current assets 14,689 15,179
Total current assets 1,231,153 1,180,521
Property, plant and equipment:    
Cost 794,041 796,377
Less: accumulated depreciation 536,248 528,094
Property, plant and equipment, net 257,793 268,283
Long-term insurance receivable - asbestos 154,025 171,752
Long-term deferred tax assets 230,266 245,843
Other assets 82,126 83,774
Intangible assets, net 114,590 125,913
Goodwill 802,447 813,792
Total assets 2,872,400 2,889,878
Current liabilities:    
Short-term borrowings 14,422 1,123
Accounts payable 168,191 182,731
Current asbestos liability 91,670 91,670
Accrued liabilities 186,437 220,678
U.S. and foreign taxes on income 1,954 15,686
Total current liabilities 462,674 511,888
Long-term debt 399,181 399,092
Accrued pension and postretirement benefits 217,817 233,603
Long-term deferred tax liability 34,722 36,853
Long-term asbestos liability 657,528 704,195
Other liabilities 74,533 76,871
Total liabilities 1,846,455 1,962,502
Commitments and contingencies (Note 9)      
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 214,901 204,472
Retained earnings 1,331,258 1,250,972
Accumulated other comprehensive loss (145,679) (128,077)
Treasury stock (456,501) (481,410)
Total shareholders' equity 1,016,405 918,383
Noncontrolling interests 9,540 8,993
Total equity 1,025,945 927,376
Total liabilities and equity $ 2,872,400 $ 2,889,878
Common stock issued 72,426,139 72,426,139
Less: Common stock held in treasury (14,402,173) (15,319,967)
Common stock outstanding 58,023,966 57,106,172