Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 351,870	$ 658,452
Accounts receivable, net of allowance for expected credit losses of $82,101 and $74,336, respectively	770,152	739,210
Contract assets, net of allowance for expected credit losses of $3,999 and $2,393, respectively	205,236	195,598
Inventories, net	779,449	678,287
Prepaid expenses and other	117,077	117,130
Total current assets	2,223,784	2,388,677
Property, plant and equipment, net of accumulated depreciation of $1,135,437 and $1,191,823, respectively	473,224	515,927
Operating lease right-of-use assets, net	173,442	193,863
Goodwill	1,135,538	1,196,479
Deferred taxes	44,833	44,049
Other intangible assets, net	134,105	152,463
Other assets, net of allowance for expected credit losses of $66,210 and $67,696, respectively	321,062	258,310
Total assets	4,505,988	4,749,768
Current liabilities:
Accounts payable	414,372	410,062
Accrued liabilities	382,535	445,092
Contract liabilities	216,094	202,965
Debt due within one year	47,962	41,058
Operating lease liabilities	30,723	32,628
Total current liabilities	1,091,686	1,131,805
Long-term debt due after one year	1,232,248	1,261,770
Operating lease liabilities	155,328	166,786
Retirement obligations and other liabilities	334,967	352,062
Commitments and contingencies (See Note 10)
Shareholders’ equity:
Common shares, $1.25 par value, Shares authorized - 305,000, Shares issued - 176,793	220,991	220,991
Capital in excess of par value	506,744	506,386
Retained earnings	3,678,817	3,691,023
Treasury shares, at cost – 46,376 and 46,794 shares, respectively	(2,037,758)	(2,057,706)
Deferred compensation obligation	6,950	7,214
Accumulated other comprehensive loss	(718,619)	(563,589)
Total Flowserve Corporation shareholders’ equity	1,657,125	1,804,319
Noncontrolling interests	34,634	33,026
Total equity	1,691,759	1,837,345
Total liabilities and equity	$ 4,505,988	$ 4,749,768