Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 629,203	$ 675,441
Accounts receivable, net of allowance for expected credit losses of $91,911 and $79,059, respectively	1,049,817	976,739
Contract assets, net of allowance for expected credit losses of $4,577 and $3,404, respectively	339,355	298,906
Inventories	864,532	837,254
Prepaid expenses and other	121,121	116,157
Total current assets	3,004,028	2,904,497
Property, plant, and equipment, net of accumulated depreciation of $1,223,841 and $1,142,667, respectively	558,345	539,703
Operating lease right-of-use asset, net	163,171	159,400
Goodwill	1,337,747	1,286,295
Deferred taxes	224,017	221,742
Other intangible assets, net	182,489	188,604
Other assets, net of allowance for expected credit losses of $65,830 and $66,081, respectively	212,728	200,580
Total assets	5,682,525	5,500,821
Current liabilities:
Accounts payable	573,433	545,310
Accrued liabilities	495,425	561,486
Contract liabilities	283,181	283,670
Debt due within one year	44,870	44,059
Operating lease liabilities	33,473	33,559
Total current liabilities	1,430,382	1,468,084
Long-term debt due after one year	1,440,676	1,460,132
Operating lease liabilities	148,806	149,838
Retirement obligations and other liabilities	383,659	371,055
Contingencies (See Note 13)
Shareholders’ equity:
Preferred shares, $1.00 par value	0	0
Common shares, $1.25 par value, Shares authorized - 305,000, Shares issued - 176,793	220,991	220,991
Capital in excess of par value	489,530	502,045
Retained earnings	4,125,669	4,025,750
Treasury shares, at cost — 46,233 and 45,688 shares, respectively	(2,036,348)	(2,007,869)
Deferred compensation obligation	6,413	8,172
Accumulated other comprehensive loss	(583,204)	(741,424)
Total Flowserve Corporation shareholders' equity	2,223,051	2,007,665
Noncontrolling interests	55,951	44,047
Total equity	2,279,002	2,051,712
Total liabilities and equity	$ 5,682,525	$ 5,500,821