Revision to Previously Reported Financial Information (Tables)

12 Months Ended

Dec. 31, 2021

Accounting Changes and Error Corrections [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

	December 31, 2020
(Amounts in thousands)	As Reported	Adjustments	As Revised
Retirement obligations and other liabilities	516,087	1,479	517,566
Retained earnings	3,656,449	14,094	3,670,543
Total Flowserve Corporation shareholders’ equity	1,732,470	(1,479)	1,730,991
Total equity	1,762,800	(1,479)	1,761,321

	Three Months Ended December 31, 2020
(Amounts in thousands)	As Reported		Adjustments		As Revised
Other income (expense), net	(17,811)		(931)		(18,742)
Earnings before income taxes	61,314		(931)		60,383
Provision for income taxes	(856)		89		(767)
Net earnings, including noncontrolling interests	60,458		(842)		59,616
Net earnings attributable to Flowserve Corporation	$	56,893	$	(842)	$	56,051
Basic	$	0.44	$	(0.01)	$	0.43
Diluted	0.43		—		0.43

	Three Months Ended December 31, 2020
(Amounts in thousands)	As Reported		Adjustments		As Revised
Net earnings, including noncontrolling interests	$	60,458	$	(842)	$	59,616
Other comprehensive income (loss):
Foreign currency translation adjustments, net of taxes	41,411		862		42,273
Other comprehensive income (loss)	24,803		862		25,665
Comprehensive income (loss), including noncontrolling interests	85,261		20		85,281
Comprehensive income (loss) attributable to Flowserve Corporation	$	81,698	$	20	$	81,718

	Year Ended December 31, 2020
(Amounts in thousands)	As Reported		Adjustments		As Revised
Other income (expense), net	(10,254)		15,480		5,226
Earnings before income taxes	186,812		15,480		202,292
Provision for income taxes	(60,031)		(1,386)		(61,417)
Net earnings, including noncontrolling interests	126,781		14,094		140,875
Net earnings attributable to Flowserve Corporation	$	116,326	$	14,094	$	130,420
Net earnings per share attributable to Flowserve Corporation common shareholders:
Basic	$	0.89	$	0.11	$	1.00
Diluted	0.89		0.11		1.00

	Year Ended December 31, 2020
(Amounts in thousands)	As Reported		Adjustments		As Revised
Net earnings, including noncontrolling interests	$	126,781	$	14,094	$	140,875
Other comprehensive income (loss):
Foreign currency translation adjustments, net of taxes	388		(15,573)		(15,185)
Other comprehensive income (loss)	(8,991)		(15,573)		(24,564)
Comprehensive income (loss), including noncontrolling interests	117,790		(1,479)		116,311
Comprehensive income (loss) attributable to Flowserve Corporation	$	106,565	$	(1,479)	$	105,086