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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 403,404 $ 423,947
Accounts receivable, net 382,348 333,330
Current insurance receivable - asbestos 33,722 33,722
Inventories, net:    
Finished goods 117,576 113,872
Finished parts and subassemblies 38,238 37,517
Work in process 61,723 59,277
Raw materials 143,489 142,059
Inventories, net 361,026 352,725
Current deferred tax asset 24,762 21,618
Other current assets 14,936 15,179
Total current assets 1,220,198 1,180,521
Property, plant and equipment:    
Cost 811,618 796,377
Less: accumulated depreciation 552,067 528,094
Property, plant and equipment, net 259,551 268,283
Long-term insurance receivable - asbestos 147,953 171,752
Long-term deferred tax assets 220,880 245,843
Other assets 83,498 83,774
Intangible assets, net 114,791 125,913
Goodwill 811,274 813,792
Total assets 2,858,145 2,889,878
Current liabilities:    
Short-term borrowings 124,672 1,123
Accounts payable 175,731 182,731
Current asbestos liability 91,670 91,670
Accrued liabilities 189,781 220,678
U.S. and foreign taxes on income 10,874 15,686
Total current liabilities 592,728 511,888
Long-term debt 199,220 399,092
Accrued pension and postretirement benefits 217,147 233,603
Long-term deferred tax liability 36,145 36,853
Long-term asbestos liability 632,081 704,195
Other liabilities 71,348 76,871
Total liabilities 1,748,669 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 221,584 204,472
Retained earnings 1,370,949 1,250,972
Accumulated other comprehensive loss (113,121) (128,077)
Treasury stock (452,329) (481,410)
Total shareholders’ equity 1,099,509 918,383
Noncontrolling interests 9,967 8,993
Total equity 1,109,476 927,376
Total liabilities and equity $ 2,858,145 $ 2,889,878
Common stock issued 72,426,139 72,426,139
Less: Common stock held in treasury (14,288,128) (15,319,967)
Common stock outstanding 58,138,011 57,106,172