Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 833,847	$ 675,441
Accounts receivable, net of allowance for expected credit losses of $89,606 and $79,059, respectively	1,049,798	976,739
Contract assets, net of allowance for expected credit losses of $4,915 and $3,404, respectively	344,446	298,906
Inventories	847,732	837,254
Prepaid expenses and other	89,002	116,157
Total current assets	3,164,825	2,904,497
Property, plant, and equipment, net of accumulated depreciation of $1,219,158 and $1,142,667, respectively	557,677	539,703
Operating lease right-of-use asset, net	170,075	159,400
Goodwill	1,343,417	1,286,295
Deferred taxes	185,116	221,742
Other intangible assets, net	177,533	188,604
Other assets, net of allowance for expected credit losses of $66,152 and $66,081, respectively	231,671	200,580
Total assets	5,830,314	5,500,821
Current liabilities:
Accounts payable	600,927	545,310
Accrued liabilities	542,705	561,486
Contract liabilities	279,760	283,670
Debt due within one year	46,350	44,059
Operating lease liabilities	35,085	33,559
Total current liabilities	1,504,827	1,468,084
Long-term debt due after one year	1,435,568	1,460,132
Operating lease liabilities	154,148	149,838
Retirement obligations and other liabilities	411,337	371,055
Contingencies (See Note 12)
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	496,356	502,045
Retained earnings	4,317,965	4,025,750
Treasury shares, at cost — 48,817 and 45,688 shares, respectively	(2,180,651)	(2,007,869)
Deferred compensation obligation	6,526	8,172
Accumulated other comprehensive loss	(596,990)	(741,424)
Total Flowserve Corporation shareholders' equity	2,264,197	2,007,665
Noncontrolling interests	60,237	44,047
Total equity	2,324,434	2,051,712
Total liabilities and equity	$ 5,830,314	$ 5,500,821