Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 517,442	$ 703,445
Accounts receivable, net of allowance for doubtful accounts of $57,281 and $59,113, respectively	815,708	856,711
Contract assets, net	257,224	0
Inventories, net	675,325	884,273
Prepaid expenses and other	107,292	114,316
Total current assets	2,372,991	2,558,745
Property, plant and equipment, net of accumulated depreciation of $983,074 and $968,033, respectively	625,979	671,796
Goodwill	1,206,877	1,218,188
Deferred taxes	54,576	51,974
Other intangible assets, net	200,253	210,049
Other assets, net	189,946	199,722
Total assets	4,650,622	4,910,474
Current liabilities:
Accounts payable	428,835	443,113
Accrued liabilities	382,157	724,196
Contract liabilities	171,940	0
Debt due within one year	69,923	75,599
Total current liabilities	1,052,855	1,242,908
Long-term debt due after one year	1,454,947	1,499,658
Retirement obligations and other liabilities	501,269	496,954
Shareholders’ equity:
Common shares, $1.25 par value, Shares authorized - 305,000, Shares issued - 176,793	220,991	220,991
Capital in excess of par value	483,477	488,326
Retained earnings	3,502,006	3,503,947
Treasury shares, at cost – 46,241and 46,471 shares, respectively	(2,049,549)	(2,059,558)
Deferred compensation obligation	6,933	6,354
Accumulated other comprehensive loss	(542,198)	(505,473)
Total Flowserve Corporation shareholders’ equity	1,621,660	1,654,587
Noncontrolling interests	19,891	16,367
Total equity	1,641,551	1,670,954
Total liabilities and equity	$ 4,650,622	$ 4,910,474