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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 250,274 $ 270,643
Accounts receivable, net 457,180 437,541
Current insurance receivable - asbestos 22,783 22,783
Inventories, net:    
Finished goods 124,917 108,409
Finished parts and subassemblies 36,840 36,645
Work in process 58,093 55,434
Raw materials 169,451 168,398
Inventories, net 389,301 368,886
Current deferred tax asset 31,834 31,651
Other current assets 18,713 17,588
Total current assets 1,170,085 1,149,092
Property, plant and equipment:    
Cost 843,618 841,231
Less: accumulated depreciation 539,840 536,176
Property, plant and equipment, net 303,778 305,055
Long-term insurance receivable - asbestos 143,044 148,222
Long-term deferred tax assets 179,992 186,734
Other assets 111,009 112,265
Intangible assets, net 398,337 408,923
Goodwill 1,247,100 1,249,316
Total assets 3,553,345 3,559,607
Current liabilities:    
Short-term borrowings 143,804 125,826
Accounts payable 214,108 229,828
Current asbestos liability 88,038 88,038
Accrued liabilities 233,504 223,148
U.S. and foreign taxes on income 1,519 2,062
Total current liabilities 680,973 668,902
Long-term debt 749,181 749,170
Accrued pension and postretirement benefits 146,352 151,133
Long-term deferred tax liability 50,907 76,041
Long-term asbestos liability 592,428 610,530
Other liabilities 74,059 89,158
Total liabilities 2,293,900 2,344,934
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 234,782 228,537
Retained earnings 1,434,270 1,403,202
Accumulated other comprehensive loss (49,654) (48,651)
Treasury stock (442,896) (451,195)
Total shareholders' equity 1,248,928 1,204,319
Noncontrolling interests 10,517 10,354
Total equity 1,259,445 1,214,673
Total liabilities and equity $ 3,553,345 $ 3,559,607
Common stock issued 72,426,139 72,426,139
Less: Common stock held in treasury (13,605,026) (14,240,852)
Common stock outstanding 58,821,113 58,185,287