Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 760,183	$ 675,441
Accounts receivable, net of allowance for expected credit losses of $83,094 and $79,059, respectively	1,029,095	976,739
Contract assets, net	322,472	298,906
Inventories	789,898	837,254
Prepaid expenses and other	141,237	116,157
Total current assets	3,042,885	2,904,497
Property, plant and equipment, net	566,751	539,703
Operating lease right-of-use asset, net	166,031	159,400
Goodwill	1,391,988	1,286,295
Deferred taxes	156,250	221,742
Other intangible assets, net	198,475	188,604
Other assets, net	185,820	200,580
Total assets	5,708,200	5,500,821
Current liabilities:
Accounts payable	554,243	545,310
Accrued liabilities	587,475	561,486
Contract liabilities	274,669	283,670
Debt due within one year	49,868	44,059
Operating lease liabilities	35,630	33,559
Total current liabilities	1,501,885	1,468,084
Long-term debt due after one year	1,525,210	1,460,132
Operating lease liabilities	149,565	149,838
Retirement obligations and other liabilities	277,216	371,055
Shareholders’ equity:
Preferred shares, $1.00 par value	0	0
Common shares, $1.25 par value	220,991	220,991
Shares authorized — 305,000	508,890	502,045
Retained earnings	4,261,977	4,025,750
Treasury shares, at cost — 49,763 and 45,688 shares, respectively	(2,231,685)	(2,007,869)
Deferred compensation obligation	6,629	8,172
Accumulated other comprehensive loss	(575,405)	(741,424)
Total Flowserve Corporation shareholders' equity	2,191,397	2,007,665
Noncontrolling interests	62,927	44,047
Total equity	2,254,324	2,051,712
Total liabilities and equity	$ 5,708,200	$ 5,500,821