Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 540,804	$ 675,441
Accounts receivable, net of allowance for expected credit losses of $85,444 and $79,059, respectively	1,043,707	976,739
Contract assets, net of allowance for expected credit losses of $3,997 and $3,404, respectively	312,154	298,906
Inventories	841,546	837,254
Prepaid expenses and other	126,696	116,157
Total current assets	2,864,907	2,904,497
Property, plant and equipment, net of accumulated depreciation of $1,173,858 and $1,142,667, respectively	542,490	539,703
Operating lease right-of-use assets, net	161,743	159,400
Goodwill	1,303,111	1,286,295
Deferred taxes	219,849	221,742
Other intangible assets, net	184,689	188,604
Other assets, net of allowance for expected credit losses of $65,940 and $66,081, respectively	206,509	200,580
Total assets	5,483,298	5,500,821
Current liabilities:
Accounts payable	537,827	545,310
Accrued liabilities	481,888	561,486
Contract liabilities	284,697	283,670
Debt due within one year	44,197	44,059
Operating lease liabilities	33,689	33,559
Total current liabilities	1,382,298	1,468,084
Long-term debt due after one year	1,451,214	1,460,132
Operating lease liabilities	150,825	149,838
Retirement obligations and other liabilities	369,696	371,055
Contingencies (See Note 12)
Shareholders’ equity:
Preferred shares, $1.00 par value	0	0
Common shares, $1.25 par value	220,991	220,991
Capital in excess of par value	482,529	502,045
Retained earnings	4,071,710	4,025,750
Treasury shares, at cost – 45,616 and 45,688 shares, respectively	(2,010,045)	(2,007,869)
Deferred compensation obligation	8,114	8,172
Accumulated other comprehensive loss	(693,528)	(741,424)
Total Flowserve Corporation shareholders’ equity	2,079,771	2,007,665
Noncontrolling interests	49,494	44,047
Total equity	2,129,265	2,051,712
Total liabilities and equity	$ 5,483,298	$ 5,500,821