Significant Accounting Policies and Accounting Developments (Tables)

12 Months Ended

Dec. 31, 2024

The following table presents the above impacts of the Russia pre-tax charge for the year ended December 31, 2022:


	Year Ended December 31, 2022
(Amounts in thousands)		Flowserve Pumps Division		Flow Control Division		Consolidated Total
Sales		$	(9,330)	$	—	$	(9,330)
Cost of sales ("COS")		7,442		1,418		8,860
Gross loss		(16,772)		(1,418)		(18,190)
Selling, general and administrative expense ("SG&A")		13,977		1,720		15,697
Operating loss		$	(30,749)	$	(3,138)	$	(33,887)

Schedule of Estimated Useful Lives of Assets

Generally, the estimated useful lives of the assets are:


Buildings and improvements			10 to 40 years
Machinery, equipment and tooling			3 to 14 years
Software, furniture and fixtures and other			3 to 7 years

Schedule of Supplier Finance Program

The rollforward of our outstanding obligations confirmed as valid under the supplier finance programs for the year ended December 31, 2024 is as follows:


(Amounts in thousands)	2024
Obligations outstanding at the beginning of the year	$	13,527
Invoices confirmed	61,198
Confirmed invoices settled	66,154
Obligations outstanding at the end of the year	$	8,571