Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 367,162	$ 366,444
Accounts receivable, net	894,749	988,391
Inventories, net	919,251	995,565
Prepaid expenses and other	150,199	125,410
Total current assets	2,331,361	2,475,810
Property, plant and equipment, net	723,628	758,427
Goodwill	1,205,054	1,223,986
Deferred taxes	87,178	69,327
Other intangible assets, net	214,527	228,777
Other assets, net	181,014	224,330
Total assets	4,742,762	4,980,657
Current liabilities:
Accounts payable	412,087	491,378
Accrued liabilities	680,689	796,764
Debt due within one year	85,365	60,434
Total current liabilities	1,178,141	1,348,576
Long-term debt due after one year	1,485,258	1,560,562
Retirement obligations and other liabilities	410,168	387,786
Commitments and contingencies (See Note 12)
Shareholders’ equity:
Common shares, $1.25 par value, Shares authorized - 305,000, Shares issued - 176,793 and 176,793, respectively	220,991	220,991
Capital in excess of par value	491,848	494,961
Retained earnings	3,632,163	3,587,120
Treasury shares, at cost — 46,980 and 47,703 shares, respectively	(2,078,527)	(2,106,785)
Deferred compensation obligation	8,507	10,233
Accumulated other comprehensive loss	(626,748)	(540,043)
Total Flowserve Corporation shareholders’ equity	1,648,234	1,666,477
Noncontrolling interests	20,961	17,256
Total equity	1,669,195	1,683,733
Total liabilities and equity	$ 4,742,762	$ 4,980,657