Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 675,441	$ 545,678
Accounts receivable, net of allowance for expected credit losses of $79,059 and $80,013, respectively	976,739	881,869
Contract assets, net	298,906	280,228
Inventories	837,254	879,937
Prepaid expenses and other	116,157	116,065
Total current assets	2,904,497	2,703,777
Property, plant and equipment, net	539,703	506,158
Operating lease right-of-use assets, net	159,400	156,430
Goodwill	1,286,295	1,182,225
Deferred taxes	221,742	218,358
Other intangible assets, net	188,604	122,248
Other assets, net	200,580	219,523
Total assets	5,500,821	5,108,719
Current liabilities:
Accounts payable	545,310	547,824
Accrued liabilities	561,486	504,430
Contract liabilities	283,670	287,697
Debt due within one year	44,059	66,243
Operating lease liabilities	33,559	32,382
Total current liabilities	1,468,084	1,438,576
Long-term debt due after one year	1,460,132	1,167,307
Operating lease liabilities	149,838	138,665
Retirement obligations and other liabilities	371,055	389,120
Commitments and contingencies (See Note 16)
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	502,045	506,525
Retained earnings	4,025,750	3,854,717
Treasury shares, at cost — 45,688 and 45,885 shares, respectively	(2,007,869)	(2,014,474)
Deferred compensation obligation	8,172	7,942
Accumulated other comprehensive loss	(741,424)	(639,601)
Total Flowserve Corporation shareholders’ equity	2,007,665	1,936,100
Noncontrolling interests	44,047	38,951
Total equity	2,051,712	1,975,051
Total liabilities and equity	$ 5,500,821	$ 5,108,719