Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2018	Jan. 01, 2019	Jun. 30, 2017
Document And Entity Information [Abstract]
Document Type	10-K
Document Period End Date	Dec. 31, 2018
Amendment Flag	false
Entity Registrant Name	Curtiss Wright Corporation
Entity Central Index Key	0000026324
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding		42,789,265
Entity Public Float			$ 4,500,000,000
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Trading Symbol	cw
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Small Business	false

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Net Sales
Net Sales	$ 2,411,835	$ 2,271,026	$ 2,108,931
Total net sales	2,411,835	2,271,026	2,108,931
Cost of Revenue [Abstract]
Total cost of sales	1,540,574	1,470,241	1,374,240
Gross profit	871,261	800,785	734,691
Research and development expenses	(64,525)	(61,393)	(59,424)
Selling expenses	(126,641)	(121,873)	(113,164)
General and administrative expenses	(306,469)	(292,399)	(265,584)
Operating income	373,626	325,120	296,519
Interest expense	(33,983)	(41,471)	(41,248)
Other income, net	16,596	15,970	12,690
Earnings before income taxes	356,239	299,619	267,961
Provision for income taxes	(80,490)	(84,728)	(78,579)
Earnings from continuing operations	275,749	214,891	189,382
Discontinued operations, net of taxes
Loss from discontinued operations, net of taxes	0	0	2,053
Net earnings	$ 275,749	$ 214,891	$ 187,329
Basic earnings per share
Earnings from continuing operations	$ 6.28	$ 4.86	$ 4.27
Earnings from discontinued operations	0.00	0.00	(0.05)
Total	6.28	4.86	4.22
Diluted earnings per share
Earnings from continuing operations	6.22	4.80	4.20
Earnings from discontinued operations	0.00	0.00	(0.05)
Total	6.22	4.80	4.15
Dividends per share	$ 0.60	$ 0.56	$ 0.52
Weighted average shares outstanding:
Basic	43,892	44,182	44,389
Diluted	44,316	44,761	45,045
Product [Member]
Net Sales
Net Sales	$ 1,993,249	$ 1,854,216	$ 1,714,358
Cost of Revenue [Abstract]
Cost of Goods and Services Sold	1,272,599	1,198,881	1,113,078
Service [Member]
Net Sales
Net Sales	418,586	416,810	394,573
Cost of Revenue [Abstract]
Cost of Goods and Services Sold	$ 267,975	$ 271,360	$ 261,162

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Statement of Comprehensive Income [Abstract]

Net earnings

$ 275,749

$ 214,891

$ 187,329

Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]

Foreign currency translation, net of tax

^[1]

(52,440)

77,942

(64,840)

Pension and postretirement adjustments, net of tax

^[2]

(19,167)

(3,026)

(988)

Other Comprehensive Income (Loss), Net of Tax

(71,607)

74,916

(65,828)

Comprehensive Income

$ 204,142

$ 289,807

$ 121,501

[1]	The tax benefit (expense) included in other comprehensive income for foreign currency translation adjustments for 2018, 2017, and 2016 were $0.8 million, ($1.9) million, and $1.7 million, respectively.
[2]	The tax benefit (expense) included in other comprehensive income for pension and postretirement adjustments for 2018, 2017, and 2016 were $7.0 million, $2.8 million, and ($1.7) million, respectively.

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Statement - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	$ 0.8	$ (1.9)	$ 1.7
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax	$ 7.0	$ 2.8	$ (1.7)

CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Current Assets:
Cash and cash equivalents	$ 276,066	$ 475,120
Receivables, net	593,755	494,923
Inventories, net	423,426	378,866
Other current assets	50,719	52,951
Total current assets	1,343,966	1,401,860
Property, plant, and equipment, net	374,660	390,235
Goodwill	1,088,032	1,096,329
Other intangible assets, net	429,567	329,668
Other assets	19,160	18,229
Total assets	3,255,385	3,236,321
Current liabilities:
Current portion of long-term debt and short-term debt	243	150
Accounts payable	232,983	185,176
Accrued expenses	166,954	150,406
Income taxes payable	5,811	4,564
Deferred revenue	236,508	214,891
Other current liabilities	44,829	35,810
Total current liabilities	687,328	590,997
Long-term debt	762,313	813,989
Deferred tax liabilities, net	47,121	49,360
Accrued pension and other postretirement benefit costs	101,227	121,043
Long-term portion of environmental reserves	15,777	14,546
Other liabilities	110,838	118,586
Total liabilities	1,724,604	1,708,521
Stockholders' Equity
Common stock, $1 par value,100,000,000 shares authorized as of December 31, 2018 and December 31, 2017; 49,187,378 shares issued as of December 31, 2018 and December 31, 2017; outstanding shares were 42,772,417 as of December 31, 2018 and 44,123,519 as of December 31, 2017	49,187	49,187
Additional paid in capital	118,234	120,609
Retained earnings	2,191,471	1,944,324
Accumulated other comprehensive loss	(288,447)	(216,840)
Common treasury stock, at cost (6,414,961 shares as of December 31, 2018 and 5,063,859 shares as of December 31, 2017)	(539,664)	(369,480)
Total stockholders' equity	1,530,781	1,527,800
Total liabilities and stockholders' equity	$ 3,255,385	$ 3,236,321

CONSOLIDATED BALANCE SHEETS PARENTHETICAL - $ / shares	Dec. 31, 2018	Dec. 31, 2017
Common Stock Par Value	$ 1	$ 1
Common stock authorized	100,000,000	100,000,000
CommonStockSharesIssued	49,187,378	49,187,378
CommonStockSharesOutstanding	42,772,417	44,123,519
TreasuryStockShares	6,414,961	5,063,859

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Statement of Cash Flows [Abstract]
Net earnings	$ 275,749	$ 214,891	$ 187,329
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	102,949	99,995	96,008
(Gain) loss on sale of businesses	(1,735)	(875)	(845)
(Gain) loss on fixed asset disposals	(1,120)	29	(2,069)
Deferred income taxes	8,562	(5,782)	1,224
Share-based compensation	14,094	11,572	9,478
Change in operating assets and liabilities, net of businesses acquired and divested:
Accounts receivable, net	(57,492)	(16,388)	91,692
Inventories, net	(41,197)	19,711	4,391
Progress payments	(11,121)	(774)	2,583
Accounts payable and accrued expenses	48,930	4,323	4,125
Deferred revenue	23,082	36,898	(11,084)
Income taxes	(8,847)	(5,479)	11,797
Net pension and postretirement liabilities	(43,759)	3,481	3,405
Other Operating Activities, Cash Flow Statement	0	0	20,405
Increase (Decrease) in Other Noncurrent Liabilities	23,357	25,686	11,474
Other current and long-term assets and liabilities	4,821	1,424	(6,716)
Net cash provided by operating activities	336,273	388,712	423,197
Cash flows from investing activities:
Proceeds from sales and disposals of long-lived assets	9,117	6,769	3,674
Proceeds from divestiture	958	6,973	1,027
Payments to Acquire Intangible Assets	(1,547)	0	0
Additions to property, plant, and equipment	(53,417)	(52,705)	(46,776)
Acquisition of businesses, net of cash acquired	(210,167)	(232,630)	(295)
Additional consideration of prior period acquisitions	(460)	(735)	(564)
Net cash used for investing activities	(255,516)	(272,328)	(42,934)
Cash flows from financing activities:
Borrowings under revolving credit facility	372,980	7,658	7,839
Payment of revolving credit facilities	(372,887)	(8,176)	(8,430)
Principal payments on debt	(50,000)	(150,000)	0
Repurchases of common stock	(198,592)	(52,127)	(105,249)
Proceeds from share-based compensation	11,940	14,179	22,300
Dividends paid	(26,328)	(24,740)	(23,067)
Proceeds from (Payments for) Other Financing Activities	(752)	(692)	(635)
Excess tax benefits from share-based compensation	0	0	11,101
Net cash provided by financing activities	(263,639)	(213,898)	(96,141)
Effect of exchange-rate changes on cash	(16,172)	18,786	(18,971)
Net increase (decrease) in cash and cash equivalents	(199,054)	(78,728)	265,151
Cash and cash equivalents at beginning of period	475,120	553,848	288,697
Cash and cash equivalents at end of period	276,066	475,120	553,848
Supplemental disclosure of non-cash investing activities:
Capital Expenditures Incurred but Not yet Paid	$ 2,193	$ 976	$ 2,512

STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock Member	Additional Paid In Capital Member	Retained Earnings Member	Accumulated Other Comprehensive Income Member	Treasury Stock Member
Beginning Balance at Dec. 31, 2015		$ 49,190	$ 144,923	$ 1,590,645	$ (225,928)	$ (303,407)
Net earnings	$ 187,329			187,329
Other Comprehensive Income (Loss), Net of Tax	(65,828)				(65,828)
Dividends paid				(23,067)
Restricted Stock			(12,086)			17,275
Stock options exercised, net			(11,271)			39,483
Other		(3)	(1,104)			811
Share-based compensation			9,021			457
Repurchase of common stock						(105,249)
Ending Balance at Dec. 31, 2016		49,187	129,483	1,754,907	(291,756)	(350,630)
Net earnings	214,891			214,891
Other Comprehensive Income (Loss), Net of Tax	74,916				74,916
Dividends paid				(24,740)
Restricted Stock			(12,104)			12,105
Stock options exercised, net			(5,724)			19,902
Other			(2,237)	(734)		889
Share-based compensation			11,191			381
Repurchase of common stock						(52,127)
Ending Balance at Dec. 31, 2017	1,527,800	49,187	120,609	1,944,324	(216,840)	(369,480)
Net earnings	275,749
Net earnings \| Accounting Standards Update 2014-09 [Member]	(3,972)
Other Comprehensive Income (Loss), Net of Tax	(71,607)				(71,607)
Dividends paid				(26,328)
Restricted Stock			(13,134)			13,134
Stock options exercised, net			(2,355)			14,294
Other			(752)			752
Share-based compensation			13,866			228
Repurchase of common stock						(198,592)
Ending Balance at Dec. 31, 2018	$ 1,530,781	$ 49,187	$ 118,234	2,191,471	$ (288,447)	$ (539,664)
Cumulative Effect of New Accounting Principle in Period of Adoption \| Accounting Standards Update 2014-09 [Member]				$ (2,274)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

Significant Accounting Policies

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Operations

Curtiss-Wright Corporation and its subsidiaries (the Corporation or the Company) is a global, diversified manufacturing and service company that designs, manufactures, and overhauls precision components and provides highly engineered products and services to the aerospace, defense, general industrial, and power generation markets.

Principles of Consolidation

The consolidated financial statements include the accounts of the Corporation and its majority-owned subsidiaries. All intercompany transactions and accounts have been eliminated.

Use of Estimates

The financial statements of the Corporation have been prepared in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP), which requires management to make estimates and judgments that affect the reported amount of assets, liabilities, revenue, and expenses and disclosure of contingent assets and liabilities in the accompanying financial statements. The most significant of these estimates includes the estimate of costs to complete long-term contracts, the estimate of useful lives for property, plant, and equipment, cash flow estimates used for testing the recoverability of assets, pension plan and postretirement obligation assumptions, estimates for inventory obsolescence, estimates for the valuation and useful lives of intangible assets and legal reserves. Actual results may differ from these estimates.

Cash and Cash Equivalents

Cash equivalents consist of money market funds and commercial paper that are readily convertible into cash, all with original maturity dates of three months or less.

Inventory

Inventories are stated at lower of cost or net realizable value. Production costs are comprised of direct material and labor and applicable manufacturing overhead.

Progress Payments

Certain long-term contracts provide for interim billings as costs are incurred on the respective contracts. Pursuant to contract provisions, agencies of the U.S. Government and other customers obtain control of promised goods or services to the extent that progress payments are received. Accordingly, these receipts have been reported as a reduction of unbilled receivables as presented in Note 5 to the Consolidated Financial Statements. In the event that progress payments received exceed revenue recognized to date on a specific contract, a contract liability has been established with such amount reported in the "Deferred revenue" line within the Consolidated Balance Sheet.

The Corporation also receives progress payments on development contracts related to certain aerospace and defense programs. Progress payments received on partially funded development contracts have been reported as a reduction of inventories, as presented in Note 6 to the Consolidated Financial Statements.

Property, Plant, and Equipment

Property, plant, and equipment are carried at cost less accumulated depreciation. Major renewals and betterments are capitalized, while maintenance and repairs that do not improve or extend the life of the asset are expensed in the period that they are incurred. Depreciation is computed using the straight-line method based over the estimated useful lives of the respective assets.

Average useful lives for property, plant, and equipment are as follows:



Buildings and improvements	5 to 40 years
Machinery, equipment, and other	3 to 15 years

Intangible Assets

Intangible assets are generally the result of acquisitions and consist primarily of purchased technology, customer related intangibles, trademarks, and technology licenses. Intangible assets are amortized on a straight-line basis over their estimated useful lives, which range from 1 to 20 years. See Note 9 to the Consolidated Financial Statements for further information on other intangible assets.

Impairment of Long-Lived Assets

The Corporation reviews the recoverability of all long-lived assets, including the related useful lives, whenever events or changes in circumstances indicate that the carrying amount of a long-lived asset might not be recoverable. If required, the Corporation compares the estimated fair value determined by either the undiscounted future net cash flows or appraised value to the related asset’s carrying value to determine whether there has been an impairment. If an asset is considered impaired, the asset is written down to fair value in the period in which the impairment becomes known. The Corporation recognized no significant impairment charges on assets held in use during the years ended December 31, 2018, 2017, and 2016.

Goodwill

Goodwill results from business acquisitions. The Corporation accounts for business acquisitions by allocating the purchase price to the tangible and intangible assets acquired and liabilities assumed. Assets acquired and liabilities assumed are recorded at their fair values, and the excess of the purchase price over the amounts allocated is recorded as goodwill. The recoverability of goodwill is subject to an annual impairment test or whenever an event occurs or circumstances change that would more likely than not result in an impairment. The impairment test is based on the estimated fair value of the underlying businesses. The Corporation’s goodwill impairment test is performed annually in the fourth quarter of each year. See Note 8 to the Consolidated Financial Statements for further information on goodwill.

Fair Value of Financial Instruments

Accounting guidance requires certain disclosures regarding the fair value of financial instruments. Due to the short maturities of cash and cash equivalents, accounts receivable, accounts payable, and accrued expenses, the net book value of these financial instruments is deemed to approximate fair value. See Notes 10 and 13 to the Consolidated Financial Statements for further information on the Corporation's financial instruments.

Research and Development

The Corporation funds research and development programs for commercial products and independent research and development and bid and proposal work related to government contracts. Development costs include engineering and field support for new customer requirements. Corporation-sponsored research and development costs are expensed as incurred.

Research and development costs associated with customer-sponsored programs are capitalized to inventory and are recorded in cost of sales when products are delivered or services performed. Funds received under shared development contracts are a reduction of the total development expenditures under the shared contract and are shown net as research and development costs.

Accounting for Share-Based Payments

The Corporation follows the fair value based method of accounting for share-based employee compensation, which requires the Corporation to expense all share-based employee compensation. Share-based employee compensation is a non-cash expense since the Corporation settles these obligations by issuing the shares of Curtiss-Wright Corporation instead of settling such obligations with cash payments.

Compensation expense for non-qualified share options, performance shares, and time-based restricted stock is recognized over the requisite service period for the entire award based on the grant date fair value.

Income Taxes

The Corporation accounts for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. The effect on deferred tax assets and liabilities of a change in tax laws is recognized in the results of operations in the period the new laws are enacted. A valuation allowance is recorded to reduce the carrying amounts of deferred tax assets unless it is more likely than not that such assets will be realized.

The Corporation records amounts related to uncertain income tax positions by 1) prescribing a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements and 2) the measurement of the income tax benefits recognized from such positions. The Corporation’s accounting policy is to classify uncertain income tax positions that are not expected to be resolved in one year as a non-current income tax liability and to classify interest and penalties as a component of Interest expense and General and administrative expenses, respectively. See Note 12 to the Consolidated Financial Statements for further information.

Foreign Currency

For operations outside the United States of America that prepare financial statements in currencies other than the U.S. dollar, the Corporation translates assets and liabilities at period-end exchange rates and income statement amounts using weighted-average exchange rates for the period. The cumulative effect of translation adjustments is presented as a component of accumulated other comprehensive income (loss) within stockholders’ equity. This balance is affected by foreign currency exchange rate fluctuations and by the acquisition of foreign entities. (Gains) and losses from foreign currency transactions are included in General and administrative expenses in the Consolidated Statement of Earnings, which amounted to ($4.5) million, $5.4 million, and ($8.9) million for the years ended December 31, 2018, 2017, and 2016, respectively.

Derivatives

Forward Foreign Exchange and Currency Option Contracts

The Corporation uses financial instruments, such as forward exchange and currency option contracts, to hedge a portion of existing and anticipated foreign currency denominated transactions. The purpose of the Corporation’s foreign currency risk management program is to reduce volatility in earnings caused by exchange rate fluctuations. All of the derivative financial instruments are recorded at fair value based upon quoted market prices for comparable instruments, with the gain or loss on these transactions recorded into earnings in the period in which they occur. These (gains) and losses are classified as General and administrative expenses in the Consolidated Statement of Earnings and amounted to $6.6 million, ($0.3) million, and $11.5 million for the years ended December 31, 2018, 2017, and 2016, respectively. The Corporation does not use derivative financial instruments for trading or speculative purposes.

Interest Rate Risks and Related Strategies

The Corporation’s primary interest rate exposure results from changes in U.S. dollar interest rates. The Corporation’s policy is to manage interest cost using a mix of fixed and variable rate debt. The Corporation periodically uses interest rate swaps to manage such exposures. Under these interest rate swaps, the Corporation exchanges, at specified intervals, the difference between fixed and floating interest amounts calculated by reference to an agreed-upon notional principal amount.

For interest rate swaps designated as fair value hedges (i.e., hedges against the exposure to changes in the fair value of an asset or a liability or an identified portion thereof that is attributable to a particular risk), changes in the fair value of the interest rate swaps offset changes in the fair value of the fixed rate debt due to changes in market interest rates.

Recently Issued Accounting Standards

Recent accounting standards adopted

ASU 2014-09 - Revenue from Contracts with Customers - On January 1, 2018, the Corporation adopted ASC 606, Revenue from Contracts with Customers, and the related amendments (“new revenue standard”) using the modified retrospective method. The Corporation recognized the cumulative effect of initially applying the new revenue standard as an adjustment to the retained earnings balance as of January 1, 2018. Comparative information for prior periods has not been restated and continues to be reported under the accounting standard in effect for those respective periods.

The cumulative effect from the adoption of the new revenue standard as of January 1, 2018 was as follows:



Balance Sheet (In thousands)	As of December 31, 2017		Adjustments due to ASU 2014-09			As of January 1, 2018
Receivables, net	$	494,923	$	18,363		$	513,286
Inventories, net	378,866		(23,555		)	355,311
Other assets	18,229		878			19,107
Deferred revenue	214,891		(2,040		)	212,851
Retained earnings	1,944,324		(2,274		)	1,942,050

The impact of adoption on the Corporation's Consolidated Statement of Earnings and Consolidated Balance Sheet was as follows:



	Year Ended December 31, 2018
Statement of Earnings (In thousands)	As Reported			Adjustments Increase/(Decrease)			Balances Without Adoption of ASC 606
Product sales	$	1,993,249		$	(5,668	)	$	1,987,581
Cost of product sales	1,272,599			(383		)	1,272,216
Provision for income taxes	(80,490		)	1,313			(79,177		)
Net earnings	$	275,749		$	(3,972	)	$	271,777



	As of December 31, 2018
Balance Sheet (In thousands)	As Reported		Adjustments Increase/(Decrease)			Balances Without Adoption of ASC 606
Receivables, net	$	593,755	$	(22,378	)	$	571,377
Inventories, net	423,426		24,235			447,661
Other assets	19,160		(879		)	18,281
Income taxes payable	5,811		(1,296		)	4,515
Deferred revenue	236,508		3,972			240,480
Retained earnings	2,191,471		(1,698		)	2,189,773

ASU 2017-07, Retirement Benefits - Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost - On January 1, 2018, the Corporation adopted the amendments to ASC 715 that improve the presentation of net periodic pension and postretirement benefit costs. The Corporation retrospectively adopted the presentation of service cost separate from the other components of net periodic costs and included it as a component of employee compensation cost in operating income. The interest cost, expected return on assets, amortization of prior service costs, and net actuarial gain/loss components of net periodic benefit costs have been reclassified from operating income to other income, net. Additionally, the Corporation elected to apply the practical expedient which allows it to reclassify amounts previously disclosed in Note 15 of the Corporation's 2017 Annual Report on Form 10-K as the basis for applying retrospective presentation for comparative periods.

The effect of the retrospective change on the Corporation's Consolidated Statement of Earnings for the year ended December 31, 2017 and 2016 was as follows:



	Year Ended December 31, 2017
Statement of Earnings (In thousands)	Previously Reported		Adjustments Increase/(Decrease)			As Revised
Cost of product sales	$	1,184,358	$	14,523		$	1,198,881
Cost of service sales	268,073		3,287			271,360
Research and development expenses	60,308		1,085			61,393
Selling expenses	120,002		1,871			121,873
General and administrative expenses	298,542		(6,143		)	292,399
Other income, net	1,347		14,623			15,970



	Year Ended December 31, 2016
Statement of Earnings (In thousands)	Previously Reported		Adjustments Increase/(Decrease)			As Revised
Cost of product sales	$	1,100,287	$	12,791		$	1,113,078
Cost of service sales	258,161		3,001			261,162
Research and development expenses	58,592		832			59,424
Selling expenses	111,228		1,936			113,164
General and administrative expenses	272,565		(6,981		)	265,584
Other income, net	1,111		11,579			12,690

ASU 2017-01, Business Combinations - Clarifying the Definition of a Business. On January 1, 2018, the Corporation adopted the amendments to ASC 805 which clarifies the definition of a business. The standard introduces a screen for determining when assets acquired are not a business and clarifies that a business must include, at a minimum, an input and a substantive process that contribute to an output. The adoption of this standard did not have a financial impact on the Consolidated Financial Statements.

Recent accounting standards to be adopted



Standard	Description	Effect on the consolidated financial statements
ASU 2016-02 Leases	In February 2016, the FASB issued final guidance that will require lessees to record both right-of-use assets and lease liabilities for most leases on their balance sheets but recognize expenses on their income statements in a manner similar to today’s accounting.	The Corporation will apply the optional transition method of adoption as of January 1, 2019, which permits the entity to continue presenting all periods prior to January 1, 2019 under previous lease accounting guidance. In conjunction with adoption, the Corporation plans to elect the package of practical expedients which permits the entity to forgo reassessment of conclusions reached regarding lease existence and lease classification under previous guidance, as well as the practical expedient to not separate non-lease components. Further, the Corporation will make an accounting policy election to account for short-term leases in a manner consistent with the methodology applied under previous guidance. The adoption of this standard is expected to result in an increase of approximately $175 million to $185 million in total assets and total liabilities in the Corporation’s Consolidated Balance Sheet as of January 1, 2019. However, the standard is not expected to have a material impact on the Corporation’s cash flows or statement of earnings.
Date of adoption: January 1, 2019
ASU 2018-02 Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income	In February 2018, the FASB issued ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. This ASU permits the reclassification of tax effects stranded in accumulated other comprehensive income to retained earnings as a result of the 2017 Tax Cuts and Jobs Act. The standard will be effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years, with early adoption permitted.	The adoption is expected to result in a reclassification of approximately $25 million from accumulated other comprehensive loss to retained earnings in the Corporation’s Consolidated Balance Sheet as of January 1, 2019.
Date of adoption: January 1, 2019
ASU 2018-07 Improvements to Nonemployee Share-Based Payment Accounting	In June 2018, the FASB issued ASU 2018-07, Improvements to Nonemployee Share-Based Payment Accounting. The ASU simplifies the accounting for share-based payments to nonemployees by aligning it with the accounting for share-based payments to employees, with certain exceptions. The standard will be effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years, with early adoption permitted.	The Corporation does not expect the adoption of this standard to have a material impact on its Consolidated Financial Statements.
Date of adoption: January 1, 2019

REVENUE (Notes)

12 Months Ended

Dec. 31, 2018

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

2. REVENUE

The Corporation accounts for revenues in accordance with ASC 606, Revenue from Contracts with Customers, which was adopted as of January 1, 2018 on a modified retrospective basis. Under ASC 606, revenue is recognized when control of a promised good and/or service is transferred to a customer at a transaction price that reflects the consideration that the Corporation expects to be entitled to in exchange for that good and/or service.

Performance Obligations

The Corporation identifies a performance obligation for each promise in a contract to transfer a distinct good or service to the customer. As part of its assessment, the Corporation considers all goods and/or services promised in the contract, regardless of whether they are explicitly stated or implied by customary business practices. The Corporation’s contracts may contain either a single performance obligation, including the promise to transfer individual goods or services that are not separately distinct within the context of the respective contracts, or multiple performance obligations. For contracts with multiple performance obligations, the Corporation allocates the overall transaction price to each performance obligation using standalone selling prices, where available, or utilizes estimates for each distinct good or service in the contract where standalone prices are not available. In certain instances, the transaction price may include estimated amounts of variable consideration including but not limited to incentives, awards, price escalations, liquidated damages, and penalties, only to the extent that it is probable that a significant reversal of cumulative revenue recognized to date around such variable consideration will not occur. The Corporation estimates variable consideration to be included in the transaction price using either the expected value method or most likely amount method, contingent upon the facts and circumstances of the specific arrangement. Variable consideration associated with the Corporation’s respective arrangements is not typically constrained.

The Corporation’s performance obligations are satisfied either at a point-in-time or on an over-time basis. Revenue recognized on an over-time basis for the year ended December 31, 2018 accounted for approximately 46% of total net sales. Typically, over-time revenue recognition is based on the utilization of an input measure used to measure progress, such as costs incurred to date relative to total estimated costs. Changes in total estimated costs are recognized using the cumulative catch-up method of accounting which recognizes the cumulative effect of the changes on current and prior periods in the current period. Accordingly, the effect of the changes on future periods of contract performance is recognized as if the revised estimate had been the original estimate. A significant change in an estimate on more or more contracts could have a material effect on the Corporation's consolidated financial position, results or operations, or cash flows. However, there were no significant changes in estimated contract costs during 2018, 2017, or 2016.

If a performance obligation does not qualify for over-time revenue recognition, revenue is then recognized at the point-in-time in which control of the distinct good or service is transferred to the customer, typically based upon the terms of delivery. Revenue recognized at a point-in-time for the year ended December 31, 2018 accounted for approximately 54% of total net sales.

Contract backlog represents the remaining performance obligations that have not yet been recognized as revenue. Backlog includes deferred revenue and amounts that will be invoiced and recognized as revenue in future periods. Total backlog was approximately $2.0 billion as of December 31, 2018, of which the Corporation expects to recognize approximately 94% as net sales over the next 12 -36 months. The remainder will be recognized thereafter.

Disaggregation of Revenue

The following table presents the Corporation’s total net sales disaggregated by end market and customer type:



Total Net Sales by End Market and Customer Type	Year Ended December 31,
(In thousands)	2018		2017		2016
Defense
Aerospace	$	376,951	$	372,678	$	303,430
Ground	97,131		96,042		86,139
Naval	486,476		408,221		403,343
Total Defense Customers	$	960,558	$	876,941	$	792,912

Commercial
Aerospace	$	414,422	$	409,384	$	397,327
Power Generation	431,793		423,747		409,201
General Industrial	605,062		560,954		509,491
Total Commercial Customers	$	1,451,277	$	1,394,085	$	1,316,019

Total	$	2,411,835	$	2,271,026	$	2,108,931

Contract Balances

Timing of revenue recognition and cash collection may result in billed receivables, unbilled receivables (contract assets), and deferred revenue (contract liabilities) on the Consolidated Balance Sheet. The Corporation’s contract assets primarily relate to its rights to consideration for work completed but not billed as of the reporting date. Contract assets are transferred to billed receivables when the rights to consideration become unconditional. This is typical in situations where amounts are billed as work progresses in accordance with agreed-upon contractual terms or upon achievement of contractual milestones. The Corporation’s contract liabilities primarily consist of customer advances received prior to revenue being earned. Revenue recognized for the year ended December 31, 2018 included in the contract liabilities balance at the beginning of the year was approximately $164 million. Changes in contract assets and contract liabilities as of December 31, 2018, were not materially impacted by any other factors. Contract assets and contract liabilities are reported in the "Receivables, net" and "Deferred revenue" lines, respectively, within the Consolidated Balance Sheet.

Pre-adoption of ASC 606

As the Corporation adopted ASC 606 using the modified retrospective method, the Consolidated Financial Statements for the years ended December 31, 2017 and 2016 were not retrospectively adjusted. For the years ended December 31, 2017 and 2016, revenue was recognized when the earnings process was considered substantially complete with all of the following criteria met: 1) persuasive evidence of an arrangement existed; 2) delivery occurred or services were rendered; 3) the Corporation's price to its customer was fixed or determinable; and 4) collectability was reasonably assured. The Corporation determined the appropriate revenue recognition method by analyzing the terms and conditions of each contract. Revenue was recognized on product sales as production units were shipped and title and risk of loss was transferred. Revenue was recognized on service-type contracts as services were rendered. The significant estimates made in recognizing revenue were primarily for long-term contracts, which were generally accounted for using the cost-to-cost method of percentage of completion accounting. Under the cost-to-cost percentage of completion accounting, profits were recorded pro-rata, based upon estimates of direct and indirect costs to complete such contracts. Any changes in estimates of contract sales, costs, or profits were recognized using the cumulative catch-up method of accounting.

DISCONTINUED OPERATIONS

12 Months Ended

Dec. 31, 2018

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations and Assets Held for Sale

3. DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE

As part of a strategic portfolio review conducted in 2014, the Corporation identified certain businesses it considered non-core.

The Corporation considers businesses non-core when their products or services do not complement existing businesses and where the long-term growth and profitability prospects are below the Corporation’s expectations. As part of this initiative, the Corporation divested all five businesses during 2015 that were classified as held for sale as of December 31, 2014. The results of operations of these businesses are reported as discontinued operations within our Consolidated Statement of Earnings.

The aggregate financial results of all discontinued operations for the years ended December 31 were as follows:



(In thousands)	2018		2017		2016
Net sales	$	—	$	—	$	—
Loss from discontinued operations before income taxes	—		—		—
Income tax benefit / (expense)	—		—		(2,053		)	⁽¹⁾
Loss on sale of businesses	—		—		—
Loss from discontinued operations	$	—	$	—	$	(2,053	)

⁽¹⁾Amount represents finalization of the income tax provision related to discontinued operations for the year ended December 31, 2015.

ACQUISITIONS

12 Months Ended

Dec. 31, 2018

Acquisitions [Abstract]

ACQUISITIONS

4. ACQUISITIONS

The Corporation continually evaluates potential acquisitions that either strategically fit within the Corporation’s existing portfolio or expand the Corporation’s portfolio into new product lines or adjacent markets. The Corporation has completed a number of acquisitions that have been accounted for as business combinations and have resulted in the recognition of goodwill in the Corporation's financial statements. This goodwill arises because the purchase prices for these businesses reflect the future earnings and cash flow potential in excess of the earnings and cash flows attributable to the current product and customer set at the time of acquisition. Thus, goodwill inherently includes the know-how of the assembled workforce, the ability of the workforce to further improve the technology and product offerings, and the expected cash flows resulting from these efforts. Goodwill may also include expected synergies resulting from the complementary strategic fit these businesses bring to existing operations.

The Corporation allocates the purchase price at the date of acquisition based upon its understanding of the fair value of the acquired assets and assumed liabilities. In the months after closing, as the Corporation obtains additional information about these assets and liabilities, including through tangible and intangible asset appraisals, and as the Corporation learns more about the newly acquired business, it is able to refine the estimates of fair value and more accurately allocate the purchase price. Only items identified as of the acquisition date are considered for subsequent adjustment. The Corporation will make appropriate adjustments to the purchase price allocation prior to completion of the measurement period, as required.

During the twelve months ended December 31, 2018, the Corporation acquired one business for an aggregate purchase price of $210 million. During the twelve months ended December 31, 2017, the Corporation acquired two businesses for an aggregate purchase price of $233 million, net of cash acquired. These acquisitions are described in more detail below.

For the year ended December 31, 2018 and 2017, included within the Consolidated Statement of Earnings, the Corporation's acquisitions contributed $64 million and $71 million of total net sales, respectively, and $1 million and $5 million of net earnings, respectively.

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for all acquisitions consummated during 2018 and 2017:



(In thousands)	2018			2017
Accounts receivable	$	24,385		$	4,994
Inventory	31,875			22,702
Property, plant, and equipment	3,206			4,598
Intangible assets	146,100			88,900
Other current and non-current assets	47			2,816
Current and non-current liabilities	(5,374		)	(6,730		)
Due to seller	—			(804		)
Net tangible and intangible assets	200,239			116,476
Purchase price	210,167			232,630
Goodwill	$	9,928		$	116,154

Goodwill deductible for tax purposes	$	9,928		$	115,532

2018 Acquisitions

Dresser-Rand Government Business (DRG)

On April 2, 2018, the Corporation acquired certain assets and assumed certain liabilities of DRG for $210.2 million in cash. The Asset Purchase Agreement contains a purchase price adjustment mechanism and representations and warranties customary for a transaction of this type. DRG is a designer and manufacturer of mission-critical, high-speed rotating equipment solutions and also acts as the sole supplier of steam turbines and main engine guard valves on all aircraft carrier programs. The acquired business operates within the Power segment.

2017 Acquisitions

Teletronics Technology Corporation (TTC)

On January 3, 2017, the Corporation acquired 100% of the issued and outstanding capital stock of TTC for $226.0 million, net of cash acquired. The Share Purchase Agreement contains a purchase price adjustment mechanism and representations and warranties customary for a transaction of this type, including a portion of the purchase price deposited in escrow as security for potential indemnification claims against the seller. TTC is a designer and manufacturer of high-technology data acquisition and comprehensive flight test instrumentation systems for critical aerospace and defense applications. The acquired business operates within the Defense segment.

Para Tech Coating, Inc. (Para Tech)

On February 8, 2017, the Corporation acquired certain assets and assumed certain liabilities of Para Tech for $6.6 million in cash. The Asset Purchase Agreement contains a purchase price adjustment mechanism and representations and warranties customary for a transaction of this type, including a portion of the purchase price held back as security for potential indemnification claims against the seller. Para Tech is a provider of parylene conformal coating services for aerospace & defense electronic components as well as critical medical devices. The acquired business operates within the Commercial/Industrial segment.

RECEIVABLES

12 Months Ended

Dec. 31, 2018

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

RECEIVABLES

5. RECEIVABLES

Receivables include current notes, amounts billed to customers, claims, other receivables, and unbilled revenue on long-term contracts, which consists of amounts recognized as sales but not billed. Substantially all amounts of unbilled receivables are expected to be billed and collected in the subsequent year. An immaterial amount of unbilled receivables are subject to retainage provisions. The amount of claims and unapproved change orders within our receivables balances are immaterial.

Credit risk is diversified due to the large number of entities comprising the Corporation’s customer base and their geographic dispersion. The Corporation is either a prime contractor or subcontractor to various agencies of the U.S. Government. Revenues derived directly and indirectly from government sources (primarily the U.S. Government) were 40% and 39% of total net sales in 2018 and 2017, respectively. Total receivables due primarily from the U.S Government were $329.1 million and $208.4 million as of December 31, 2018 and 2017, respectively. Government (primarily the U.S. Government) unbilled receivables, net of progress payments, were $180.0 million and $89.3 million as of December 31, 2018 and 2017, respectively.

The composition of receivables as of December 31 is as follows:



(In thousands)	2018			2017
Billed receivables:
Trade and other receivables	$	390,306		$	363,234
Less: Allowance for doubtful accounts	(7,436		)	(7,486		)
Net billed receivables	382,870			355,748
Unbilled receivables:
Recoverable costs and estimated earnings not billed	225,810			160,727
Less: Progress payments applied	(14,925		)	(21,552		)
Net unbilled receivables	210,885			139,175
Receivables, net	$	593,755		$	494,923

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details

INVENTORIES

12 Months Ended

Dec. 31, 2018

Inventory, Net [Abstract]

INVENTORIES

6. INVENTORIES

Inventoried costs contain amounts relating to long-term contracts and programs with long production cycles, a portion of which will not be realized within one year. Long term contract inventory includes an immaterial amount of claims or other similar items subject to uncertainty concerning their determination or realization. Inventories are valued at the lower of cost or market.

The composition of inventories as of December 31 is as follows:



(In thousands)	2018			2017
Raw material	$	214,442		$	191,855
Work-in-process	74,536			73,937
Finished goods	143,016			114,307
Inventoried costs related to U.S. Government and other long-term contracts	54,195			65,150
Gross inventories	486,189			445,249
Less: Inventory reserves	(55,776		)	(54,638		)
Progress payments applied	(6,987		)	(11,745		)
Inventories, net	$	423,426		$	378,866

As of December 31, 2018 and 2017, inventory also includes capitalized development costs of $44.4 million and $35.0 million, respectively, related to certain aerospace and defense programs. These capitalized costs will be liquidated as units are produced under contract. As of December 31, 2018 and 2017, $18.7 million and $5.4 million, respectively, are scheduled to be liquidated under existing firm orders.

PROPERTY, PLANT, AND EQUIPMENT

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT, AND EQUIPMENT

7. PROPERTY, PLANT, AND EQUIPMENT

The composition of property, plant, and equipment as of December 31 is as follows:



(In thousands)	2018			2017
Land	$	18,548		$	19,947
Buildings and improvements	226,743			234,539
Machinery, equipment, and other	801,169			783,430
Property, plant, and equipment, at cost	1,046,460			1,037,916
Less: Accumulated depreciation	(671,800		)	(647,681		)
Property, plant, and equipment, net	$	374,660		$	390,235

Depreciation expense from continuing operations for the years ended December 31, 2018, 2017, and 2016 was $59.4 million, $61.6 million, and $62.6 million, respectively.

GOODWILL

12 Months Ended

Dec. 31, 2018

Goodwill [Abstract]

GOODWILL

8. GOODWILL

The changes in the carrying amount of goodwill for 2018 and 2017 are as follows:



(In thousands)	Commercial/Industrial			Defense			Power			Consolidated
December 31, 2016	$	436,141		$	327,655		$	187,261		$	951,057
Acquisitions	2,677			113,477			—			116,154
Divestitures	(1,168		)	(647		)	—			(1,815		)
Foreign currency translation adjustment	10,881			19,847			205			30,933
December 31, 2017	$	448,531		$	460,332		$	187,466		$	1,096,329
Acquisitions	—			—			9,928			9,928
Divestitures	(111		)	(1,594		)	—			(1,705		)
Foreign currency translation adjustment	(6,405		)	(9,867		)	(248		)	(16,520		)
December 31, 2018	$	442,015		$	448,871		$	197,146		$	1,088,032

The purchase price allocations relating to the businesses acquired are initially based on estimates. The Corporation adjusts these estimates based upon final analysis, including input from third party appraisals when deemed appropriate. The determination of fair value is finalized no later than twelve months from acquisition. Goodwill adjustments represent subsequent adjustments to the purchase price allocation for acquisitions.

The Corporation completed its annual goodwill impairment testing as of October 31, 2018, 2017, and 2016 and concluded that there was no impairment of goodwill. The estimated fair value of each respective reporting unit substantially exceeded its recorded book value.

OTHER INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2018

Intangible Assets, Net (Excluding Goodwill) [Abstract]

OTHER INTANGIBLE ASSETS, NET

9. OTHER INTANGIBLE ASSETS, NET

Intangible assets are generally the result of acquisitions and consist primarily of purchased technology, customer related intangibles, and trademarks. Intangible assets are amortized over useful lives that generally range between 1 and 20 years.

The following tables present the cumulative composition of the Corporation’s intangible assets as of December 31, 2018 and December 31, 2017, respectively.



	2018							2017
(In thousands)	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Technology	$	238,212	$	(123,156	)	$	115,056	$	243,440	$	(114,036	)	$	129,404
Customer related intangibles	358,832		(193,455		)	165,377		367,230		(180,580		)	186,650
Programs ⁽¹⁾	144,000		(5,400		)	138,600		—		—			—
Other intangible assets	40,340		(29,806		)	10,534		40,640		(27,026		)	13,614
Total	$	781,384	$	(351,817	)	$	429,567	$	651,310	$	(321,642	)	$	329,668

⁽¹⁾ Programs include values assigned to major programs of acquired businesses and represent the aggregate value associated with the customer relationships, contracts, technology, and trademarks underlying the associated program.

During the year ended December 31, 2018, the Corporation acquired intangible assets of $146.1 million which included Programs of $144.0 million, Customer-related intangibles of $1.8 million, and Other intangible assets of $0.3 million. The weighted average amortization periods for these aforementioned intangible assets are 20.0 years, 10.4 years, and 8.0 years, respectively.

Amortization expense from continuing operations for the years ended December 31, 2018, 2017, and 2016 was $43.6 million, $38.4 million, and $33.4 million, respectively. The estimated future amortization expense of intangible assets over the next five years is as follows:



(In thousands)
2019	$	43,488
2020	41,576
2021	39,826
2022	37,312
2023	33,641

FAIR VALUE OF FINANCIAL INSTRUMENTS

12 Months Ended

Dec. 31, 2018

Fair Value Of Financial Instruments [Abstract]

FAIR VALUE OF FINANCIAL INSTRUMENTS

10. FAIR VALUE OF FINANCIAL INSTRUMENTS

Forward Foreign Exchange and Currency Option Contracts

The Corporation has foreign currency exposure primarily in the United Kingdom, Canada, and Europe. The Corporation uses financial instruments, such as forward and option contracts, to hedge a portion of existing and anticipated foreign currency denominated transactions. The purpose of the Corporation’s foreign currency risk management program is to reduce volatility in earnings caused by exchange rate fluctuations. Guidance on accounting for derivative instruments and hedging activities requires companies to recognize all of the derivative financial instruments as either assets or liabilities at fair value in the Consolidated Balance Sheets.

Interest Rate Risks and Related Strategies

The Corporation’s primary interest rate exposure results from changes in U.S. dollar interest rates. The Corporation’s policy is to manage interest cost using a mix of fixed and variable rate debt. The Corporation periodically uses interest rate swaps to manage such exposures. Under these interest rate swaps, the Corporation exchanges, at specified intervals, the difference between fixed and floating interest amounts calculated by reference to an agreed-upon notional principal amount. The Corporation’s foreign exchange contracts and interest rate swaps are considered Level 2 instruments which are based on market based inputs or unobservable inputs and corroborated by market data such as quoted prices, interest rates, or yield curves.

For interest rate swaps designated as fair value hedges (i.e., hedges against the exposure to changes in the fair value of an asset or a liability or an identified portion thereof that is attributable to a particular risk), changes in the fair value of the interest rate swaps offset changes in the fair value of the fixed rate debt due to changes in market interest rates.

Effects on Consolidated Balance Sheet

As of December 31, 2018 and December 31, 2017, the fair values of the asset and liability derivative instruments are immaterial.

Effects on Consolidated Statement of Earnings

Undesignated hedges

The location and amount of (gains) and losses recognized in income on forward exchange derivative contracts not designated for hedge accounting for the years ended December 31, were as follows:



(In thousands)	2018		2017			2016
Forward exchange contracts:
General and administrative expenses	$	6,643	$	(346	)	$	11,510

Debt

The estimated fair value amounts were determined by the Corporation using available market information, which is primarily based on quoted market prices for the same or similar issues as of December 31, 2018. The fair value of our debt instruments are characterized as a Level 2 measurement which are based on market based inputs or unobservable inputs and corroborated by market data such as quoted prices, interest rates, or yield curves. The estimated fair values of the Corporation’s fixed rate debt instruments as of December 31, 2018, net of debt issuance costs, totaled $750 million compared to a carrying value, net of debt issuance costs, of $749 million. The estimated fair values of the Corporation’s fixed rate debt instruments as of December 31, 2017, net of debt issuance costs, totaled $822 million compared to a carrying value, net of debt issuance costs, of $799 million.

The fair values described above may not be indicative of net realizable value or reflective of future fair values. Furthermore, the use of different methodologies to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

12 Months Ended

Dec. 31, 2018

Accrued Liabilities, Current [Abstract]

Accrued Expenses And Other Current Liabilities

11. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses consist of the following as of December 31:



(In thousands)	2018		2017
Accrued compensation	$	118,479	$	108,268
Accrued commissions	7,769		6,296
Accrued interest	8,944		9,894
Accrued insurance	6,951		7,015
Other	24,811		18,933
Total accrued expenses	$	166,954	$	150,406

Other current liabilities consist of the following as of December 31:



(In thousands)	2018		2017
Warranty reserves	$	17,293	$	14,212
Additional amounts due to sellers on acquisitions	233		1,941
Reserves on loss contracts	2,487		1,418
Pension and other postretirement liabilities	6,528		5,060
Other	18,288		13,179
Total other current liabilities	$	44,829	$	35,810

INCOME TAXES

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

INCOME TAXES

12. INCOME TAXES

2017 Tax Cuts and Jobs Act

On December 22, 2017, the 2017 Tax Cuts and Jobs Act (the Tax Act) was enacted into law. The new legislation contained several key tax provisions, including a one-time mandatory transition tax on accumulated foreign earnings and a reduction of the U.S. corporate income tax rate to 21%. The Corporation will also generally be eligible for a 100% dividends received exemption on its foreign earnings. The Tax Act subjects a U.S. shareholder to tax on global intangible low-taxed income (“GILTI”) earned by certain foreign subsidiaries. The Corporation has applied an accounting policy election to provide for the tax expense related to GILTI in the year in which the tax is incurred.

The Corporation has summarized the most significant impacts from the Tax Act below:

Reduction of the U.S. Corporate Income Tax Rate

The Corporation measures deferred tax assets and liabilities using enacted tax rates that are applicable in the years in which the temporary differences are expected to be recovered or paid. Accordingly, the Corporation’s deferred tax assets and liabilities were remeasured to reflect the reduction of the U.S. corporate income tax rate from 35 percent to 21 percent, resulting in a provisional $13.4 million decrease in income tax expense for the year ended December 31, 2017 and a corresponding $13.4 million decrease in net deferred tax liabilities as of December 31, 2017.

Transition Tax on Foreign Earnings

The Corporation recorded provisional income tax expense of $18.2 million for the year ended December 31, 2017 related to the one-time transition tax on certain foreign earnings. Prior to assessing the impact of the Tax Act, the Corporation had a deferred tax liability of $5.5 million for certain foreign subsidiaries whose earnings were not considered permanently reinvested. As of December 31, 2017, the Corporation’s provisional income tax liability related to the transition tax was $23.7 million. The finalized transition tax of $23.6 million was to be paid over eight years pursuant to the Tax Act, with $1.9 million paid in 2018. An additional $12.7 million carryforward from the 2017 income tax return further reduced the transition tax liability to $9.0 million, which will be paid in 2024 and 2025. Given that foreign undistributed earnings are no longer considered permanently reinvested, the Corporation also recorded provisional income tax expense of $3.8 million for the year ended December 31, 2017 for withholding taxes that would arise upon distribution of the Corporation’s foreign undistributed earnings.

During the year ended December 31, 2018, the Corporation recorded additional tax expense of $9.3 million for foreign withholding taxes associated with the Tax Act, $6.5 million of which related to the prior period. The Corporation is considered permanently reinvested to the extent of any outside basis differences in its foreign subsidiaries in excess of the amount of undistributed earnings.

Earnings before income taxes for the years ended December 31 consist of:



(In thousands)	2018		2017		2016
Domestic	$	217,374	$	179,006	$	154,571
Foreign	138,865		120,613		113,390
	$	356,239	$	299,619	$	267,961

The provision for income taxes for the years ended December 31 consists of:



(In thousands)	2018			2017			2016
Current:
Federal	$	37,648		$	54,963		$	45,523
State	9,228			2,648			8,002
Foreign	25,285			23,162			20,861
Total current	72,161			80,773			74,386

Deferred:
Federal	8,518			2,595			4,267
State	(1,047		)	4,282			73
Foreign	858			(2,922		)	(147		)
Total deferred	8,329			3,955			4,193
Provision for income taxes	$	80,490		$	84,728		$	78,579

The effective tax rate varies from the U.S. federal statutory tax rate for the years ended December 31, principally:



	2018		2017		2016
U.S. federal statutory tax rate	21.0	%	35.0	%	35.0	%
Add (deduct):
State and local taxes, net of federal benefit	2.2		1.8		1.1
R&D tax credits	(1.0	)	(1.3	)	(0.9	)
Foreign earnings ⁽¹⁾	0.9		(6.0	)	(5.8	)
Stock compensation - excess tax benefits	(1.3	)	(2.6	)	—
Impacts related to the Tax Act	1.8		3.4		—
All other, net	(1.0	)	(2.0	)	(0.1	)
Effective tax rate	22.6	%	28.3	%	29.3	%

⁽¹⁾ Foreign earnings primarily include the net impact of differences between local statutory rates and the U.S. Federal statutory rate, the cost of repatriating foreign earnings, and the impact of changes to foreign valuation allowances.

The components of the Corporation’s deferred tax assets and liabilities as of December 31 are as follows:



(In thousands)	2018		2017
Deferred tax assets:
Pension plans	$	28,020	$	18,903
Environmental reserves	8,613		7,109
Inventories	14,154		15,116
Postretirement/postemployment benefits	7,636		8,241
Incentive compensation	8,472		7,721
Net operating loss	9,868		10,908
Capital loss carryover	6,972		7,047
Other	27,795		28,775
Total deferred tax assets	111,530		103,820
Deferred tax liabilities:
Depreciation	24,983		19,586
Goodwill amortization	70,850		67,779
Other intangible amortization	33,600		38,252
Withholding taxes	10,300		3,800
Other	5,345		8,836
Total deferred tax liabilities	145,078		138,253
Valuation allowance	11,646		12,322
Net deferred tax liabilities	$	45,194	$	46,755

Deferred tax assets and liabilities are reflected on the Corporation’s consolidated balance sheet as of December 31 as follows:



(In thousands)	2018		2017
Net noncurrent deferred tax assets	1,927		2,605
Net noncurrent deferred tax liabilities	47,121		49,360
Net deferred tax liabilities	$	45,194	$	46,755

The Corporation has income tax net operating loss carryforwards related to international operations of $19.2 million, of which $16.4 million have an indefinite life and $2.8 million which expire through 2027. The Corporation has federal and state income tax net loss carryforwards of $102.2 million, of which $71.1 million are net operating losses which expire through 2037 and $31.1 million are capital loss carryforwards which expire through 2020. The Corporation has recorded a deferred tax asset of $16.8 million reflecting the benefit of the loss carryforwards.

Management assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to utilize the existing deferred tax assets. A significant piece of objective negative evidence evaluated was the cumulative loss incurred over the three-year period ended December 31, 2018 in certain of the Corporation’s foreign locations. Such objective evidence limits the ability to consider other subjective evidence such as projections for future growth. The Corporation provisionally decreased its valuation allowance by $0.7 million to $11.6 million, as of December 31, 2018, in order to measure only the portion of the deferred tax asset that more likely than not will be realized. The amount of the deferred tax asset considered realizable, however, could be adjusted if estimates of future taxable income during the carryforward period are reduced or if objective negative evidence in the form of cumulative losses is no longer present and additional weight may be given to subjective evidence such as projections for growth.

Income tax payments, net of refunds, of $79.1 million, $92.1 million, and $54.5 million were made in 2018, 2017, and 2016, respectively.

The Corporation has recognized a liability in Other liabilities for interest of $3.2 million and penalties of $1.7 million as of December 31, 2018.

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:



(In thousands)	2018			2017			2016
Balance as of January 1,	$	13,174		$	11,454		$	12,414
Additions for tax positions of prior periods	88			1,069			32
Reductions for tax positions of prior periods	(290		)	(194		)	(1,679		)
Additions for tax positions related to the current year	1,036			1,273			789
Settlements	(445		)	(428		)	(102		)
Balance as of December 31,	$	13,563		$	13,174		$	11,454

In many cases, the Corporation’s uncertain tax positions are related to tax years that remain subject to examination by tax authorities.

The following describes the open tax years, by major tax jurisdiction, as of December 31, 2018:



United States (Federal)	2015	-	present
United States (Various states)	2007	-	present
United Kingdom	2011	-	present
Canada	2012	-	present

The Corporation does not expect any significant changes to the estimated amount of liability associated with its uncertain tax positions through the next twelve months. Included in total unrecognized tax benefits as of December 31, 2018, 2017, and 2016 is $11.0 million, $10.1 million, and $7.7 million, respectively, which if recognized, would favorably impact the effective income tax rate.

DEBT

12 Months Ended

Dec. 31, 2018

Debt Instruments [Abstract]

DEBT

13. DEBT

Debt consists of the following as of December 31:



(In thousands)	2018			2018			2017			2017
	Carrying Value			Estimated Fair Value			Carrying Value			Estimated Fair Value
3.84% Senior notes due 2021	100,000			100,359			100,000			102,472
3.70% Senior notes due 2023	202,500			201,813			225,000			228,783
3.85% Senior notes due 2025	90,000			89,711			100,000			102,164
4.24% Senior notes due 2026	200,000			202,288			200,000			208,873
4.05% Senior notes due 2028	67,500			66,942			75,000			76,997
4.11% Senior notes due 2028	90,000			89,647			100,000			103,226
Other debt	243			243			150			150
Total debt	750,243			751,003			800,150			822,665
Debt issuance costs, net	(714		)	(714		)	(831		)	(831		)
Unamortized interest rate swap proceeds	13,027			13,027			14,820			14,820
Total debt, net	762,556			763,316			814,139			836,654
Less: current portion of long-term debt and short-term debt	243			243			150			150
Total long-term debt	$	762,313		$	763,073		$	813,989		$	836,504

The weighted-average interest rate of the Corporation's Revolving Credit Agreement was 3.2% in 2018. The Corporation did not have any borrowings against the Revolving Credit Agreement in 2017.

The Corporation's total debt outstanding had weighted-average interest rates of 3.7% and 3.9% in 2018 and 2017, respectively.

Aggregate maturities of debt are as follows:



(In thousands)
2019	$	243
2020	—
2021	100,000
2022	—
2023	202,500
Thereafter	447,500
Total	$	750,243

Interest payments of $32 million, $39 million, and $38 million were made in 2018, 2017, and 2016, respectively.

Revolving Credit Agreement

In October 2018, the Corporation amended the terms of its existing Credit Agreement (Credit Agreement) with a syndicate of financial institutions, led by Bank of America N.A., Wells Fargo, N.A., and JP Morgan Chase Bank, N.A.. The amended agreement, which provides the Corporation with a borrowing capacity of $500 million, extended the maturity date from November 2019 to October 2023 and expanded the accordion feature from $100 million to $200 million. The proceeds available under the Credit Agreement are to be used for working capital, internal growth initiatives, funding of future acquisitions, and general corporate purposes. As of December 31, 2018, the Corporation had $22 million in letters of credit supported by the credit facility and no borrowings outstanding under the credit facility. The unused credit available under the credit facility as of December 31, 2018 was $478 million, which the Corporation had the ability to borrow in full without violating its debt to capitalization covenant.

The Credit Agreement contains covenants that the Corporation considers usual and customary for an agreement of this type for comparable commercial borrowers, including a maximum consolidated debt to capitalization ratio of 60%. The Credit Agreement has customary events of default, such as non-payment of principal when due; nonpayment of interest, fees, or other amounts; cross-payment default and cross-acceleration.

Borrowings under the credit agreement will accrue interest based on (i) Libor or (ii) a base rate of the highest of (a) the federal funds rate plus 0.5%, (b) BofA’s announced prime rate, or (c) the Eurocurrency rate plus 1%, plus a margin. The interest rate and level of facility fees are dependent on certain financial ratios, as defined in the Credit Agreement. The Credit Agreement also provides customary fees, including administrative agent and commitment fees. In connection with the Credit Agreement, the Corporation paid customary transaction fees that have been deferred and are being amortized over the term of the Credit Agreement.

Senior Notes

On February 26, 2013, the Corporation issued $500 million of Senior Notes (the “2013 Notes”). The 2013 Notes consist of $225 million of 3.70% Senior Notes that mature on February 26, 2023, $100 million of 3.85% Senior Notes that mature on February 26, 2025, and $75 million of 4.05% Senior Notes that mature on February 26, 2028. $100 million of additional 4.11% Senior Notes were deferred and subsequently issued on September 26, 2013 that mature on September 26, 2028. On October 15, 2018, the Corporation made a discretionary $50 million prepayment on the $500 million 2013 Notes. The 2013 Notes are senior unsecured obligations, equal in right of payment to the Corporation’s existing senior indebtedness. The Corporation, at its option, can prepay at any time all or any part of the 2013 Notes, subject to a make-whole payment in accordance with the terms of the Note Purchase Agreement. In connection with the issuance of the 2013 Notes, the Corporation paid customary fees that have been deferred and are being amortized over the term of the 2013 Notes. Under the terms of the Note Purchase Agreement, the Corporation is required to maintain certain financial ratios, the most restrictive of which is a debt to capitalization limit of 60%. The debt to capitalization ratio (as defined per the Notes Purchase Agreement and Credit Agreement) is calculated using the same formula for all of the Corporation’s debt agreements and is a measure of the Corporation’s indebtedness to capitalization, where capitalization equals debt plus equity. As of December 31, 2018, the Corporation had the ability to borrow additional debt of $1.4 billion without violating our debt to capitalization covenant. The 2013 Notes also contain a cross default provision with respect to the Corporation’s other senior indebtedness.

On December 8, 2011, the Corporation issued $300 million of Senior Notes (the “2011 Notes”). The 2011 Notes consist of $100 million of 3.84% Senior Notes that mature on December 1, 2021 and $200 million of 4.24% Senior Series Notes that mature on December 1, 2026. The 2011 Notes are senior unsecured obligations, equal in right of payment to our existing senior indebtedness. The Corporation, at its option, can prepay at any time all or any part of our 2011 Notes, subject to a make-whole payment in accordance with the terms of the Note Purchase Agreement. In connection with our 2011 Notes, the Corporation paid customary fees that have been deferred and are being amortized over the term of our 2011 Notes. Under the Note Purchase Agreement, the Corporation is required to maintain certain financial ratios, the most restrictive of which is a debt to capitalization limit of 60%. The 2011 Notes also contain a cross default provision with our other senior indebtedness.

Interest Rate Swaps

On February 5, 2016, the Corporation terminated its fixed-to floating interest rate swap agreements on the 3.85% and 4.24% Senior Notes. As a result of the termination, the Corporation received a cash payment of $20.4 million, representing the fair value of the interest rate swaps on the date of termination. In connection with the termination, the Corporation and the counterparties released each other from all obligations under the interest rate swaps agreement, including, without limitation, the obligation to make periodic payments under such agreements. The gain on termination is reflected as a bond premium to the carrying value of the respective Senior Notes and will be amortized into interest expense over the remaining terms of the notes.

EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2018

Earnings Per Share [Abstract]

EARNINGS PER SHARE

14. EARNINGS PER SHARE

The Corporation is required to report both basic earnings per share (EPS), based on the weighted-average number of common shares outstanding, and diluted earnings per share, based on the basic EPS adjusted for all potentially dilutive shares issuable.

As of December 31, 2018, 2017, and 2016, there were no options outstanding that were considered anti-dilutive.

Earnings per share calculations for the years ended December 31, 2018, 2017, and 2016, are as follows:



(In thousands, except per share data)	Earnings from continuing operations		Weighted- Average Shares Outstanding	Earnings per share from continuing operations
2018
Basic earnings per share from continuing operations	$	275,749	43,892	$	6.28
Dilutive effect of stock options and deferred stock compensation			424
Diluted earnings per share from continuing operations	$	275,749	44,316	$	6.22
2017
Basic earnings per share from continuing operations	$	214,891	44,182	$	4.86
Dilutive effect of stock options and deferred stock compensation			579
Diluted earnings per share from continuing operations	$	214,891	44,761	$	4.80
2016
Basic earnings per share from continuing operations	$	189,382	44,389	$	4.27
Dilutive effect of stock options and deferred stock compensation			656
Diluted earnings per share from continuing operations	$	189,382	45,045	$	4.20

SHARE-BASED COMPENSATION PLANS

12 Months Ended

Dec. 31, 2018

Share-based Compensation [Abstract]

SHARE-BASED COMPENSATION PLANS

15. SHARE-BASED COMPENSATION PLANS

In May 2014, the Corporation adopted the Curtiss-Wright 2014 Omnibus Incentive Plan (the “2014 Omnibus Plan”). The plan replaced the Corporation's existing 2005 Long Term Incentive Plan and the 2005 Stock Plan for Non-Employee Directors (collectively the “2005 Stock Plans”). Beginning in May 2014, all awards were granted under the 2014 Omnibus Plan. The maximum aggregate number of shares of common stock that may be issued under the 2014 Omnibus Plan are 2,400,000 less one share of common stock for every one share of common stock granted under any prior plan after December 31, 2013 and prior to the effective date of the 2014 Omnibus Plan. In addition, any awards that were previously granted under any prior plan that terminate without issuance of shares, shall be eligible for issuance under the 2014 Omnibus Plan. Awards under the 2014 Omnibus Plan may be in the form of stock options, stock appreciation rights, restricted stock, restricted stock units (RSU), other stock-based awards, performance share units (PSU), or cash-based performance units (PU).

During 2018, the Corporation granted awards in the form of RSUs, PSUs, and restricted stock. Previous grants under the 2005 Stock Plans included non-qualified stock options. Under our employee benefit program, the Corporation also provides an Employee Stock Purchase Plan (ESPP) to most active employees. Certain awards provide for accelerated vesting if there is a change in control.

The compensation cost for employee and non-employee director share-based compensation programs during 2018, 2017, and 2016 is as follows:



(In thousands)	2018		2017		2016
Employee Stock Purchase Plan	1,435		1,207		1,184
Performance Share Units	4,746		4,340		3,910
Restricted Share Units	7,026		4,931		3,426
Other share-based payments	887		1,094		958
Total share-based compensation expense before income taxes	$	14,094	$	11,572	$	9,478

Other share-based grants include service-based restricted stock awards to non-employee directors, who are treated as employees as prescribed by the accounting guidance on share-based payments. The compensation cost recognized follows the cost of the employee, which is primarily reflected as General and administrative expenses in the Consolidated Statement of Earnings. No share-based compensation costs were capitalized during 2018, 2017, or 2016.

The following table summarizes the cash received from share-based awards on share-based compensation:



(In thousands)	2018		2017		2016
Cash received from share-based awards	$	11,940	$	14,179	$	22,300

A summary of employee stock option activity is as follows:



	Shares (000’s)		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term in Years	Aggregate Intrinsic Value (000’s)
Outstanding as of December 31, 2017	264		$	30.30
Exercised	(105	)	30.23
Forfeited	(1	)	30.12
Outstanding as of December 31, 2018	158		$	30.34	1.5	$	11,345
Exercisable as of December 31, 2018	158		$	30.34	1.5	$	11,345

The total intrinsic value of stock options exercised during 2018, 2017, and 2016 was $10.1 million, $12.7 million, and $20.6 million, respectively.

Performance Share Units

The Corporation has granted performance share units to certain employees, whose three year cliff vesting is contingent upon the Corporation's total shareholder return over the three-year term of the awards compared to a self-constructed peer group. The non-vested shares are subject to forfeiture if established performance goals are not met or employment is terminated other than due to death, disability, or retirement. Share plans are denominated in share-based units based on the fair market value of the Corporation’s common stock on the date of grant. The performance share unit’s compensation cost is amortized to expense on a straight-line basis over the three-year requisite service period.

Restricted Share Units

Restricted share units cliff vest at the end of the awards’ vesting period. The restricted share units are service-based and thus compensation cost is amortized to expense on a straight-line basis over the requisite service period, which is typically three years. The non-vested restricted units are subject to forfeiture if employment is terminated other than due to death, disability, or retirement.

A summary of the Corporation’s 2018 activity related to performance share units and restricted share units are as follows:



	Performance Share Units (PSUs)				Restricted Share Units (RSUs)
	Shares/Units (000’s)		Weighted- Average Fair Value		Shares/Units (000’s)		Weighted- Average Fair Value
Nonvested as of December 31, 2017	135		$	75.51	169		$	75.19
Granted	75		126.46		47		135.46
Vested	(93	)	83.52		(77	)	147.26
Forfeited	—		—		(2	)	95.92
Nonvested as of December 31, 2018	117		$	101.70	137		$	54.66
Expected to vest as of December 31, 2018	117		$	101.70	137		$	54.66

Nonvested PSUs had an intrinsic value of $12.0 million and unrecognized compensation costs of $6.8 million as of December 31, 2018. Nonvested RSUs had an intrinsic value of $14.0 million and unrecognized compensation costs of $6.7 million as of December 31, 2018. Unrecognized compensation costs related to PSUs and RSUs are expected to be recognized over periods of 1.3-1.9 years.

Employee Stock Purchase Plan

The Corporation’s ESPP enables eligible employees to purchase the Corporation’s common stock at a price per share equal to 85% of the fair market value at the end of each offering period. Each offering period of the ESPP lasts six months, commencing on January 1st and July 1st of each year. Compensation cost is recognized on a straight-line basis over the six-month vesting period during which employees perform related services.

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS

12 Months Ended

Dec. 31, 2018

Retirement Benefits, Description [Abstract]

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS

16. PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS

The Corporation maintains ten separate and distinct pension and other post-retirement defined benefit plans, consisting of three domestic plans and seven separate foreign pension plans. The domestic plans include a qualified pension plan, a non-qualified pension plan, and a postretirement health-benefits plan. The foreign plans consist of one defined benefit pension plan each in the United Kingdom, Canada, and Switzerland, two in Germany, and two in Mexico.

Domestic Plans

Qualified Pension Plan

The Corporation maintains a defined benefit pension plan (the “CW Pension Plan”) covering certain employee populations under six benefit formulas: a non-contributory non-union and union formula for certain Curtiss-Wright (CW) employees, a contributory union and non-union benefit formula for employees at the EMD business unit, and two benefit formulas providing annuity benefits for participants in the former Williams Controls salaried and union plans.

CW non-union employees hired prior to February 1, 2010 receive a “traditional” benefit based on years of credited service, using the five highest consecutive years’ compensation during the last ten years of service. These employees became participants under the CW Pension Plan after one year of service and were vested after three years of service. CW non-union employees hired on or after the effective date were eligible for a cash balance benefit through December 31, 2013, and were transitioned to the new defined contribution plan, further described below. CW union employees who have negotiated a benefit under the CW Pension Plan are entitled to a benefit based on years of service multiplied by a monthly pension rate.

The formula for EMD employees covers both union and non-union employees and is designed to satisfy the requirements of relevant collective bargaining agreements. Employee contributions are withheld each pay period and are equal to 1.5% of salary. The benefits for the EMD employees are based on years of service and compensation. On December 31, 2012, the Corporation amended the CW Pension Plan to close the benefit to EMD employees hired after January 1, 2014.

Participants of the former Williams Controls Retirement Income Plan for salaried employees are either deferred vested participants or currently receiving benefits, as benefit accruals under the plan were frozen to future accruals effective January 1, 2003. Benefits in the salaried plan are based on average compensation and years of service.

Participants of the former Williams Controls UAW Local 492 Plan for union employees are entitled to a benefit based on years of service multiplied by a monthly pension rate, and may be eligible for supplemental benefits based upon attainment of certain age and service requirements.

Effective January 1, 2014, all active non-union employees participating in the final and career average pay formulas in the defined benefit plan will cease accruals 15 years from the effective date of the amendment. In addition to the sunset provision, the “cash balance” benefit for non-union participants ceased as of January 1, 2014. Non-Union employees who were not currently receiving final or career average pay benefits became eligible to participate in a new defined contribution plan which provides both employer match and non-elective contribution components. The amendment did not affect CW employees that are subject to collective bargaining agreements.

As of December 31, 2018 and 2017, the Corporation had a noncurrent pension liability of $26.6 million and $45.1 million, respectively. This decrease was driven by a $50 million pension contribution to the Curtiss-Wright Pension Plan in February 2018 and an increase in the discount rate as of December 31, 2018, partially offset by unfavorable asset experience during 2018.

Due to the aforementioned discretionary pension contribution of $50 million, the Corporation does not expect to make any required contributions through 2023.

Nonqualified Pension Plan

The Corporation also maintains a non-qualified restoration plan (the “CW Restoration Plan”) covering those employees of CW and EMD whose compensation or benefits exceed the IRS limitation for pension benefits. Benefits under the CW Restoration Plan are not funded, and, as such, the Corporation had an accrued pension liability of $52.8 million and $48.7 million as of December 31, 2018 and 2017, respectively. The Corporation’s contributions to the CW Restoration Plan are expected to be $4.6 million in 2019.

Other Post-Employment Benefits (OPEB) Plan

The Corporation provides post-employment benefits consisting of retiree health and life insurance to three distinct groups of employees/retirees: the CW Grandfathered plan, and plans assumed in the acquisitions of EMD and Williams Controls.

The Corporation also provides retiree health and life insurance benefits for substantially all of the Curtiss-Wright EMD employees. The plan provides basic health and welfare coverage for pre-65 participants based on years of service and are subject to certain caps. Effective January 1, 2011, the Corporation modified the benefit design for post-65 retirees by introducing Retiree Reimbursement Accounts (RRA’s) to participants in lieu of the traditional benefit delivery. Participant accounts are funded a set amount annually that can be used to purchase supplemental coverage on the open market, effectively capping the benefit.

The plan also provides retiree health and life insurance benefits for certain retirees of the Williams Controls salaried and union pension plans. Effective August 31, 2013, the Corporation modified the benefit design for post-65 retirees by introducing Retiree Reimbursement Accounts (RRA’s) to align with the EMD delivery model.

The Corporation had an accrued postretirement benefit liability as of December 31, 2018 and 2017 of $22.0 million and $25.0 million, respectively. The Corporation expects to contribute $1.6 million to the plan during 2019.

Foreign Plans

As of December 31, 2018 and 2017, the total projected benefit obligation related to all foreign plans was $83.5 million and $97.4 million, respectively. As of December 31, 2018 and 2017, the Corporation had a net pension asset of $2.7 million and $1.5 million, respectively. The Corporation's contributions to the foreign plans are expected to be $2.3 million in 2019.

Components of net periodic benefit expense

The net pension and net postretirement benefit costs (income) consisted of the following:



	Pension Benefits									Postretirement Benefits
(In thousands)	2018			2017			2016			2018			2017			2016
Service cost	$	27,116		$	25,093		$	25,100		$	490		$	435		$	338
Interest cost	26,149			25,895			30,495			719			762			996
Expected return on plan assets	(58,641		)	(53,552		)	(54,101		)	—			—			—
Amortization of prior service cost	(252		)	(100		)	(46		)	(656		)	(656		)	(657		)
Recognized net actuarial loss/(gain)	16,867			12,925			12,029			(131		)	(223		)	(296		)
Cost of settlements/curtailments	337			327			—			—			—			—
Net periodic benefit cost (income)	$	11,576		$	10,588		$	13,477		$	422		$	318		$	381

The cost of settlements/curtailments indicated above represents events that are accounted for under guidance on employers’ accounting for settlements and curtailments of defined benefit pension plans. In 2018, a settlement charge was incurred in connection with a restructuring in Switzerland. In 2017, there were settlement charges incurred in both the U.K. and Switzerland.

The following table outlines the Corporation's consolidated disclosure of the pension benefits and postretirement benefits information described previously. The Corporation had no foreign postretirement plans. All plans were valued using a December 31, 2018 measurement date.



	Pension Benefits						Postretirement Benefits
(In thousands)	2018			2017			2018			2017
Change in benefit obligation:
Beginning of year	$	868,887		$	798,605		$	25,035		$	24,436
Service cost	27,116			25,093			490			435
Interest cost	26,149			25,895			719			762
Plan participants’ contributions	1,402			1,655			319			253
Actuarial (gain) loss	(58,913		)	56,727			(1,982		)	2,056
Benefits paid	(41,962		)	(41,233		)	(2,521		)	(2,907		)
Actual expenses	(1,371		)	(1,301		)	—			—
Settlements	(2,228		)	(4,151		)	—			—
Currency translation adjustments	(4,186		)	7,597			—			—
End of year	$	814,894		$	868,887		$	22,060		$	25,035



Change in plan assets:
Beginning of year	$	776,482		$	714,608		$	—		$	—
Actual return on plan assets	(44,876		)	94,960			—			—
Employer contribution	55,311			4,561			2,203			2,654
Plan participants’ contributions	1,402			1,655			319			253
Benefits paid	(44,190		)	(45,384		)	(2,522		)	(2,907		)
Actual Expenses	(1,371		)	(1,301		)	—			—
Currency translation adjustments	(4,462		)	7,383			—			—
End of year	$	738,296		$	776,482		$	—		$	—

Funded status	$	(76,598	)	$	(92,405	)	$	(22,060	)	$	(25,035	)



	Pension Benefits						Postretirement Benefits
(In thousands)	2018			2017			2018			2017
Amounts recognized on the balance sheet
Noncurrent assets	$	9,098		$	8,663		$	—		$	—
Current liabilities	(4,905		)	(3,374		)	(1,623		)	(1,686		)
Noncurrent liabilities	(80,791		)	(97,694		)	(20,437		)	(23,349		)
Total	$	(76,598	)	$	(92,405	)	$	(22,060	)	$	(25,035	)
Amounts recognized in accumulated other comprehensive income (AOCI)
Net actuarial loss (gain)	$	228,430		$	201,390		$	(4,751	)	$	(2,899	)
Prior service cost	(1,225		)	(1,461		)	(2,060		)	(2,718		)
Total	$	227,205		$	199,929		$	(6,811	)	$	(5,617	)
Amounts in AOCI expected to be recognized in net periodic cost in the coming year:
Loss (gain) recognition	$	10,368		$	15,615		$	131		$	(29	)
Prior service cost recognition	$	(284	)	$	(250	)	$	(657	)	$	(657	)
Accumulated benefit obligation	$	784,205		$	834,745		N/A			N/A
Information for pension plans with an accumulated benefit obligation in excess of plan assets:
Projected benefit obligation	$	743,632		$	785,039		N/A			N/A
Accumulated benefit obligation	714,146			752,371			N/A			N/A
Fair value of plan assets	658,327			684,756			N/A			N/A

Plan Assumptions



	Pension Benefits				Postretirement Benefits
	2018		2017		2018		2017
Weighted-average assumptions in determination of benefit obligation:
Discount rate	4.09	%	3.46	%	4.20	%	3.54	%
Rate of compensation increase	3.50	%	3.55	%	N/A		N/A
Health care cost trends:
Rate assumed for subsequent year	N/A		N/A		7.85	%	8.30	%
Ultimate rate reached in 2026	N/A		N/A		4.50	%	4.50	%
Weighted-average assumptions in determination of net periodic benefit cost:
Discount rate	3.46	%	3.93	%	3.54	%	4.02	%
Expected return on plan assets	7.47	%	7.47	%	N/A		N/A
Rate of compensation increase	3.50	%	3.54	%	N/A		N/A
Health care cost trends:
Rate assumed for subsequent year	N/A		N/A		8.30	%	8.25	%
Ultimate rate reached in 2026	N/A		N/A		4.50	%	4.50	%

Effective December 31, 2016, the Corporation adopted the spot rate, or full yield curve, approach for developing discount rates. The discount rate for each plan's past service liabilities and service cost is determined by discounting the plan’s expected future benefit payments using a yield curve developed from high quality bonds that are rated Aa or better by Moody’s as of the measurement date. The yield curve calculation matches the notional cash inflows of the hypothetical bond portfolio with the expected benefit payments to arrive at one effective rate for these components. Interest cost is determined by applying the spot rate from the full yield curve to each anticipated benefit payment, based on the anticipated optional form elections.

The overall expected return on assets assumption is based on a combination of historical performance of the pension fund and expectations of future performance. Expected future performance is determined by weighting the expected returns for each asset class by the plan’s asset allocation. The expected returns are based on long-term capital market assumptions utilizing a ten-year time horizon through consultation with investment advisors. While consideration is given to recent performance and historical returns, the assumption represents a long-term prospective return.

The effect on the Other Post-Employment Benefits plan of a 1% change in the health care cost trend is as follows:



(In thousands)	1% Increase		1% Decrease
Total service and interest cost components	$	29	$	(23	)
Postretirement benefit obligation	$	331	$	(272	)

Pension Plan Assets

The overall objective for plan assets is to earn a rate of return over time to meet anticipated benefit payments in accordance with plan provisions. The long-term investment objective of the domestic retirement plans is to achieve a total rate of return, net of fees, which exceeds the actuarial overall expected return on asset assumptions used for funding purposes and which provides an appropriate premium over inflation. The intermediate-term objective of the domestic retirement plans, defined as three to five years, is to outperform each of the capital markets in which assets are invested, net of fees. During periods of extreme market volatility, preservation of capital takes a higher precedence than outperforming the capital markets.

The Finance Committee of the Corporation’s Board of Directors is responsible for formulating investment policies, developing investment manager guidelines and objectives, and approving and managing qualified advisors and investment managers. The guidelines established define permitted investments within each asset class and apply certain restrictions such as limits on concentrated holdings, and prohibits selling securities short, buying on margin, and the purchase of any securities issued by the Corporation.

The Corporation maintains the funds of the CW Pension Plan under a trust that is diversified across investment classes and among investment managers to achieve an optimal balance between risk and return. As a part of its diversification strategy, the Corporation has established target allocations for each of the following assets classes: domestic equity securities, international equity securities, and debt securities. Below are the Corporation’s actual and established target allocations for the CW Pension Plan, representing 88% of consolidated assets:



	As of December 31,		Target	Expected
	2018	2017	Exposure	Range
Asset class
Domestic equities	48%	52%	50%	40%-60%
International equities	15%	15%	15%	10%-20%
Total equity	63%	67%	65%	55%-75%
Fixed income	37%	33%	35%	25%-45%

As of December 31, 2018 and 2017, cash funds in the CW Pension Plan represented approximately 6% of portfolio assets in both periods.

Foreign plan assets represent 12% of consolidated plan assets, with the majority of the assets supporting the U.K. plan. Generally, the foreign plans follow a similar asset allocation strategy and are more heavily weighted in fixed income resulting in a weighted expected return on assets assumption of 4.50% for all foreign plans.

The Corporation may from time to time require the reallocation of assets in order to bring the retirement plans into conformity with these ranges. The Corporation may also authorize alterations or deviations from these ranges where appropriate for achieving the objectives of the retirement plans.

Fair Value Measurements

The following table presents consolidated plan assets (in thousands) as of December 31, 2018 using the fair value hierarchy, as described in Note 10 to the Consolidated Financial Statements.



Asset Category	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash and cash equivalents	$	42,374	$	12,551	$	29,823	$	—
Equity securities- Mutual funds⁽¹⁾	504,633		455,175		49,458		—
Bond funds ⁽²⁾	216,372		150,265		66,107		—
Insurance Contracts ⁽³⁾	10,912		—		—		10,912
Other ⁽⁴⁾	2,191		—		—		2,191
December 31, 2017	$	776,482	$	617,991	$	145,388	$	13,103
Cash and cash equivalents	$	42,261	$	20,034	$	22,227	$	—
Equity securities- Mutual funds ⁽¹⁾	446,434		404,509		41,925		—
Bond funds ⁽²⁾	238,880		177,731		61,149		—
Insurance Contracts⁽³⁾	8,408		—		—		8,408
Other ⁽⁴⁾	2,313		—		—		2,313
December 31, 2018	$	738,296	$	602,274	$	125,301	$	10,721

(1)This category consists of domestic and international equity securities. It is comprised of U.S. securities benchmarked against the S&P 500 index and Russell 2000 index, international mutual funds benchmarked against the MSCI EAFE index, global equity index mutual funds associated with our U.K. based pension plans and balanced funds associated with the U.K. and Canadian based pension plans.

(2)This category consists of domestic and international bonds. The domestic fixed income securities are benchmarked against the Bloomberg Barclays Capital Aggregate Bond index, actively-managed bond mutual funds comprised of domestic investment grade debt, fixed income derivatives, and below investment-grade issues, U.S. mortgage backed securities, asset backed securities, municipal bonds, and convertible debt. International bonds consist of bond mutual funds for institutional investors associated with the CW Pension Plan, Switzerland, and U.K. based pension plans.

(3)This category consists of a guaranteed investment contract (GIC) in Switzerland. Amounts contributed to the plan are guaranteed by a foundation for occupational benefits that in turn entered into a group insurance contract and the foundation pays a guaranteed rate of interest that is reset annually.

(4)This category consists primarily of real estate investment trusts in Switzerland.

Valuation

Equity securities and exchange-traded equity and bond mutual funds are valued using a market approach based on the quoted market prices of identical instruments. Pooled institutional funds are valued at their net asset values and are calculated by the sponsor of the fund.

Fixed income securities are primarily valued using a market approach utilizing various underlying pricing sources and methodologies. Real estate investment trusts are priced at net asset value based on valuations of the underlying real estate holdings using inputs such as discounted cash flows, independent appraisals, and market-based comparable data.

Cash balances in the United States are held in a pooled fund and classified as a Level 2 asset. Non-U.S. cash is valued using a market approach based on quoted market prices of identical instruments.

The following table presents a reconciliation of Level 3 assets held during the years ended December 31, 2018 and 2017:



(In thousands)	Insurance Contracts			Other			Total
December 31, 2016	$	10,760		$	1,618		$	12,378
Actual return on plan assets:
Relating to assets still held at the reporting date	167			58			226
Purchases, sales, and settlements	(503		)	436			(68		)
Foreign currency translation adjustment	488			79			567
December 31, 2017	$	10,912		$	2,191		$	13,103
Actual return on plan assets:
Relating to assets still held at the reporting date	163			(13		)	150
Purchases, sales, and settlements	(2,595		)	152			(2,443		)
Foreign currency translation adjustment	(72		)	(17		)	(89		)
December 31, 2018	$	8,408		$	2,313		$	10,721

Benefit Payments

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid from the plans:



(In thousands)	Pension Plans		Postretirement Plans		Total
2019	$	48,806	$	1,623	$	50,429
2020	48,976		1,630		50,606
2021	50,691		1,616		52,307
2022	51,360		1,615		52,975
2023	52,418		1,619		54,037
2024 — 2028	275,736		7,611		283,347

Defined Contribution Retirement Plans

The Corporation offers all of its domestic employees the opportunity to participate in a defined contribution plan. Costs incurred by the Corporation in the administration and record keeping of the defined contribution plan are paid for by the Corporation and are not considered material.

Effective January 1, 2014, all non-union employees who were not currently receiving final or career average pay benefits became eligible to receive employer contributions in the Corporation's sponsored 401(k) plan, including both employer match and non-elective contribution components. Effective January 1, 2019, the employer contribution was increased to a maximum of 7% of eligible compensation from 6% previously. During the year ended December 31, 2018, the expense relating to the plan was $14.4 million, consisting of $6.3 million in matching contributions to the plan in 2018, and $8.1 million in non-elective contributions paid in January 2019. Cumulative contributions of approximately $81 million are expected to be made from 2019 through 2023.

In addition, the Corporation had foreign pension costs under various defined contribution plans of $5.3 million, $4.2 million, and $4.2 million in 2018, 2017, and 2016, respectively.

LEASES

12 Months Ended

Dec. 31, 2018

Leases [Abstract]

LEASES

17. LEASES

The Corporation conducts a portion of its operations from leased facilities, which include manufacturing and service facilities, administrative offices, and warehouses. In addition, the Corporation leases vehicles, machinery, and office equipment under operating leases. The leases expire at various dates and may include renewals and escalations. Rental expenses for all operating leases amounted to $38.4 million, $37.1 million, and $35.3 million in 2018, 2017, and 2016, respectively.

As of December 31, 2018, the approximate future minimum rental commitments under operating leases that have initial or remaining non-cancelable lease terms in excess of one year are as follows:



(In thousands)	Rental Commitments
2019	$	29,562
2020	28,514
2021	24,501
2022	19,996
2023	19,778
Thereafter	93,974
Total	$	216,325

SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

SEGMENT INFORMATION

18. SEGMENT INFORMATION

The Corporation’s segments are composed of similar product groupings that serve the same or similar end markets. Based on this approach, the Corporation has three reportable segments: Commercial/Industrial, Defense, and Power, as described below in further detail.

The Commercial/Industrial reportable segment is comprised of businesses that provide a diversified offering of highly engineered products and services supporting critical applications primarily across the commercial aerospace and general industrial markets. The products offered include electronic throttle control devices and transmission shifters, electro-mechanical actuation control components, valves, and surface technology services such as shot peening, laser peening, coatings, and advanced testing.

The Defense reportable segment is comprised of businesses that primarily provide products to the defense markets and to a lesser extent the commercial aerospace market. The products offered include commercial off-the-shelf (COTS) embedded computing board level modules, integrated subsystems, turret aiming and stabilization products, weapons handling systems, avionics and electronics, flight test equipment, and aircraft data management solutions.

The Power segment is comprised of businesses that primarily provide products to the power generation markets and to a lesser extent the naval defense market. The products offered include main coolant pumps, power-dense compact motors, generators, secondary propulsion systems, pumps, pump seals, control rod drive mechanisms, fastening systems, specialized containment doors, airlock hatches, spent fuel management products, and fluid sealing products.

The Corporation’s measure of segment profit or loss is operating income. Interest expense and income taxes are not reported on an operating segment basis as they are not considered in the segments’ performance evaluation by the Corporation’s chief operating decision-maker, its Chief Executive Officer.

Net sales and operating income by reportable segment are as follows:



	Year Ended December 31,
(In thousands)	2018			2017			2016
Net sales
Commercial/Industrial	$	1,209,943		$	1,163,510		$	1,120,326
Defense	559,058			557,954			469,796
Power	649,754			554,048			524,967
Less: Intersegment Revenues	(6,920		)	(4,486		)	(6,158		)
Total Consolidated	$	2,411,835		$	2,271,026		$	2,108,931



(In thousands)	2018			2017			2016
Operating income (expense)
Commercial/Industrial	$	182,669		$	168,146		$	156,084
Defense	128,446			109,338			98,182
Power	98,858			81,119			74,360
Corporate and Eliminations ⁽¹⁾	(36,347		)	(33,483		)	(32,107		)
Total Consolidated	$	373,626		$	325,120		$	296,519



Depreciation and amortization expense
Commercial/Industrial	$	50,690	$	53,180	$	53,970
Defense	20,578		20,702		14,488
Power	27,737		22,019		23,032
Corporate	3,944		4,094		4,518
Total Consolidated	$	102,949	$	99,995	$	96,008



Segment assets
Commercial/Industrial	$	1,398,601	$	1,444,097	$	1,391,040
Defense	961,298		1,044,776		751,859
Power	720,073		482,753		516,321
Corporate	175,413		264,695		378,561
Total Consolidated	$	3,255,385	$	3,236,321	$	3,037,781



Capital expenditures
Commercial/Industrial	$	30,411	$	29,028	$	30,145
Defense	5,793		9,276		5,870
Power	11,350		10,039		6,653
Corporate	5,863		4,362		4,108
Total Consolidated	$	53,417	$	52,705	$	46,776

⁽¹⁾ Corporate and Eliminations includes pension expense, environmental remediation and administrative expenses, legal, foreign currency transactional gains and losses, and other expenses.

Reconciliations



	Year Ended December 31,
(In thousands)	2018			2017			2016
Earnings before taxes:
Total segment operating income	$	409,973		$	358,603		$	328,626
Corporate and Eliminations	(36,347		)	(33,483		)	(32,107		)
Interest expense	33,983			41,471			41,248
Other income, net	16,596			15,970			12,690
Total consolidated earnings before tax	$	356,239		$	299,619		$	267,961



	As of December 31,
(In thousands)	2018		2017		2016
Assets:
Total assets for reportable segments	$	3,079,972	$	2,971,626	$	2,659,220
Non-segment cash	138,053		204,664		357,021
Other assets	37,360		60,031		21,540
Total consolidated assets	$	3,255,385	$	3,236,321	$	3,037,781

Geographic Information



	Year Ended December 31,
(In thousands)	2018		2017		2016
Revenues
United States of America	$	1,623,511	$	1,562,180	$	1,472,241
United Kingdom	126,439		118,350		114,752
Other foreign countries	661,885		590,496		521,938
Consolidated total	$	2,411,835	$	2,271,026	$	2,108,931



	As of December 31,
(In thousands)	2018		2017		2016
Long-Lived Assets
United States of America	$	258,504	$	264,829	$	272,826
United Kingdom	34,649		41,100		39,014
Other foreign countries	81,507		84,306		77,063
Consolidated total	$	374,660	$	390,235	$	388,903

Net sales by product line



	Year Ended December 31,
(In thousands)	2018		2017		2016
Net sales
Flow Control	$	1,008,262	$	899,705	$	883,735
Motion Control	1,090,703		1,075,218		940,162
Surface Technologies	312,870		296,103		285,034
Consolidated total	$	2,411,835	$	2,271,026	$	2,108,931

The Flow Control products include valves, pumps, motors, generators, and instrumentation that manage the flow of liquids and gases, generate power, and monitor or provide critical functions. Motion Control's products include turret aiming and stabilization products, embedded computing board level modules, electronic throttle control devices, transmission shifters, and electro-mechanical actuation control components. Surface Technologies include shot peening, laser peening, and coatings services that enhance the durability, extend the life, and prevent premature fatigue and failure on customer-supplied metal components.

CONTINGENCIES AND COMMITMENTS	12 Months Ended
CONTINGENCIES AND COMMITMENTS	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES AND COMMITMENTS	19. CONTINGENCIES AND COMMITMENTS Legal Proceedings The Corporation has been named in a number of lawsuits that allege injury from exposure to asbestos. To date, the Corporation has not been found liable for or paid any material sum of money in settlement in any case. The Corporation believes its minimal use of asbestos in its past operations and the relatively non-friable condition of asbestos in its products make it unlikely that it will face material liability in any asbestos litigation, whether individually or in the aggregate. The Corporation maintains insurance coverage for these potential liabilities and believes adequate coverage exists to cover any unanticipated asbestos liability. In December 2013, the Corporation, along with other unaffiliated parties, received a claim from Canadian Natural Resources Limited (CNRL) filed in the Court of Queen's Bench of Alberta, Judicial District of Calgary. The claim pertains to a January 2011 fire and explosion at a delayed coker unit at its Fort McMurray refinery that resulted in the injury of five CNRL employees, damage to property and equipment, and various forms of consequential loss such as loss of profit, lost opportunities, and business interruption. The fire and explosion occurred when a CNRL employee bypassed certain safety controls and opened an operating coker unit. The total quantum of alleged damages arising from the incident has not been finalized, but is estimated to meet or exceed $1 billion. The Corporation maintains various forms of commercial, property and casualty, product liability, and other forms of insurance; however, such insurance may not be adequate to cover the costs associated with a judgment against it. All parties have agreed in principle to participate in a formal mediation in 2019 with the intention of settling this claim. In an effort to induce the parties to participate in the formal mediation, CNRL agreed to reduce its claim to approximately $400 million, which reflects the monetary amount of property damage incurred as a result of the fire and explosion. The Corporation is currently unable to estimate an amount, or range of potential losses, if any, from this matter. The Corporation believes that it has adequate legal defenses and intends to defend this matter vigorously. The Corporation's financial condition, results of operations, and cash flows could be materially affected during a future fiscal quarter or fiscal year by unfavorable developments or outcome regarding this claim. The Corporation is party to a number of other legal actions and claims, none of which individually or in the aggregate, in the opinion of management, are expected to have a material effect on the Corporation’s results of operations or financial position. WEC Bankruptcy On March 29, 2017, WEC filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District of New York, Case No. 17-10751. The Bankruptcy Court overseeing the Bankruptcy Case approved, on an interim basis, an $800 million Debtor-in-Possession Financing Facility to help WEC finance its business operations during the reorganization process. On January 4, 2018, WEC announced that it had agreed to be acquired by Brookfield Business Partners L.P for approximately $4.6 billion. The acquisition, which was completed on August 1, 2018, is not expected to have a material impact on the Corporation’s financial condition or results of operations as WEC plans to continue operating in the ordinary course of business under existing senior management. On January 18, 2019, the Corporation executed an agreement to settle substantially all of its general unsecured claims with WEC, including its pre-petition billings. As it relates to post-petition work, the Corporation will continue to honor its executory contracts and expects to collect all amounts due. The Corporation will continue to monitor and evaluate the status of the WEC bankruptcy for potential impacts on its business. Letters of Credit and Other Arrangements The Corporation enters into standby letters of credit agreements and guarantees with financial institutions and customers primarily relating to guarantees of repayment, future performance on certain contracts to provide products and services, and to secure advance payments from certain international customers. As of December 31, 2018 and 2017, there were $21.7 million and $21.3 million of stand-by letters of credit outstanding, respectively, and $11.7 million and $14.6 million of bank guarantees outstanding, respectively. The Corporation, through its Electro-Mechanical Division (EMD) business unit, has three Pennsylvania Department of Environmental Protection (PADEP) radioactive materials licenses that are utilized in the continued operation of the EMD business. In connection with these licenses, the Corporation has known conditional asset retirement obligations related to asset decommissioning activities to be performed in the future, when the Corporation terminates these licenses. For two of the three licenses, the Corporation has recorded an asset retirement obligation of approximately $7.2 million. For its third license, the Corporation has not recorded an asset retirement obligation as it is not reasonably estimable due to insufficient information about the timing and method of settlement of the obligation. Accordingly, this obligation has not been recorded in the Consolidated Financial Statements. A liability for this obligation will be recorded in the period when sufficient information regarding timing and method of settlement becomes available to make a reasonable estimate of the liability’s fair value. The Corporation is required to provide the Nuclear Regulatory Commission financial assurance demonstrating its ability to cover the cost of decommissioning its Cheswick, Pennsylvania facility upon closure, though the Corporation does not intend to close this facility. The Corporation has provided this financial assurance in the form of a $45.6 million surety bond. AP1000 Program Within the Corporation’s Power segment, the Electro-Mechanical Division is the RCP supplier for the WEC AP1000 nuclear power plants under construction in China and the United States. The terms of the AP1000 China and U.S. contracts include liquidated damage provisions for failure to meet contractual delivery dates if the Corporation caused the delay and the delay was not excusable. The Corporation would be liable for liquidated damages if the Corporation was deemed responsible for not meeting the delivery dates. On October 10, 2013, the Corporation received a letter from WEC stating entitlements to the maximum amount of liquidated damages allowable under the AP1000 China contract from WEC of approximately $25 million. As of December 31, 2018, the Corporation has not met certain contractual delivery dates under its AP1000 U.S. and China contracts; however, there are significant counterclaims and uncertainties as to which parties are responsible for the delays. The Corporation believes it has adequate legal defenses and intends to vigorously defend this matter. Given the uncertainties surrounding the responsibility for the delays, no accrual has been made for this matter as of December 31, 2018. As of December 31, 2018, the range of possible loss is $0 million to $31 million for the AP1000 U.S. contract, for a total range of possible loss of $0 to $55.5 million.

ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS

12 Months Ended

Dec. 31, 2018

Comprehensive Income [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS

20. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The total cumulative balance of each component of accumulated other comprehensive income (loss), net of tax, is as follows:



(In thousands)	Foreign currency translation adjustments, net			Total pension and postretirement adjustments, net			Accumulated other comprehensive income (loss)
December 31, 2016	$	(172,650	)	$	(119,106	)	$	(291,756	)
Other comprehensive loss before reclassifications ⁽¹⁾	77,942			(10,831		)	67,111
Amounts reclassified from accumulated other comprehensive income ⁽¹⁾	—			7,805			7,805
Net current period other comprehensive income (loss)	77,942			(3,026		)	74,916
December 31, 2017	$	(94,708	)	$	(122,132	)	$	(216,840	)
Other comprehensive loss before reclassifications ⁽¹⁾	(52,440		)	(31,380		)	(83,820		)
Amounts reclassified from accumulated other comprehensive income ⁽¹⁾	—			12,213			12,213
Net current period other comprehensive loss	(52,440		)	(19,167		)	(71,607		)
December 31, 2018	$	(147,148	)	$	(141,299	)	$	(288,447	)


⁽¹⁾	All amounts are after tax.

Details of amounts reclassified from accumulated other comprehensive income (loss) are below:



	Amount reclassified from Accumulated other comprehensive income (loss)						Affected line item in the statement where net earnings is presented
(In thousands)	2018			2017
Defined benefit pension and postretirement plans
Amortization of prior service costs	908			756			⁽¹⁾
Amortization of net actuarial losses	(16,736		)	(12,702		)	⁽¹⁾
Settlements	(337		)	(327		)	⁽¹⁾
	(16,165		)	(12,273		)	Total before tax
	3,952			4,468			Income tax effect
Total reclassifications	$	(12,213	)	$	(7,805	)	Net of tax


⁽¹⁾	These items are included in the computation of net periodic pension cost. See Note 16, Pension and Other Postretirement Benefit Plans.

QUARTERLY RESULTS OF OPERATIONS

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY RESULTS OF OPERATIONS

21. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

The following tables set forth selected unaudited quarterly Consolidated Statements of Earnings information for the fiscal years ended December 31, 2018 and 2017.



(In thousands, except per share data)	First		Second		Third		Fourth
2018
Net sales	$	547,522	$	620,298	$	595,393	$	648,622
Gross profit	181,191		226,500		222,518		241,052
Net earnings	43,643		74,788		74,483		82,835

Net earnings per share
Basic earnings per share	$	0.99	$	1.69	$	1.70	$	1.91
Diluted earnings per share	$	0.98	$	1.68	$	1.68	$	1.89

2017
Net sales	$	523,591	$	567,653	$	567,901	$	611,881
Gross profit	166,935		195,010		207,496		231,344
Net earnings	32,547		50,650		63,944		67,750

Net earnings per share
Basic earnings per share	$	0.74	$	1.15	$	1.45	$	1.54
Diluted earnings per share	$	0.73	$	1.13	$	1.43	$	1.52

Note: Certain amounts may not add due to rounding.

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2018

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS

CURTISS-WRIGHT CORPORATION and SUBSIDIARIES

SCHEDULE II – VALUATION and QUALIFYING ACCOUNTS

for the years ended December 31, 2018, 2017, and 2016

(In thousands)



			Additions
Description	Balance at Beginning of Period		Charged to Costs and Expenses		Charged to Other Accounts				Deductions			Balance at End of Period

Deducted from assets to which they apply:
December 31, 2018
Tax valuation allowance	12,322		108		17			⁽¹⁾	801			11,646
Total	$	12,322	$	108	$	17			$	801		$	11,646
December 31, 2017
Tax valuation allowance	17,776		1,471		125			⁽¹⁾	7,050		⁽³⁾	12,322
Total	$	17,776	$	1,471	$	125			$	7,050		$	12,322
December 31, 2016
Tax valuation allowance	17,895		1,951		(181		)	⁽¹⁾	1,889		⁽²⁾	17,776
Total	$	17,895	$	1,951	$	(181	)		$	1,889		$	17,776

⁽¹⁾ Primarily foreign currency translation adjustments.

⁽²⁾ Capital loss on sale of upstream oil and gas business.

⁽³⁾ $4.3 million relates to the reduction of the U.S. corporate income tax rate due to the Tax Act.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

ConsolidationPolicy

Principles of Consolidation

The consolidated financial statements include the accounts of the Corporation and its majority-owned subsidiaries. All intercompany transactions and accounts have been eliminated.

UseOfEstimates

Use of Estimates

The financial statements of the Corporation have been prepared in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP), which requires management to make estimates and judgments that affect the reported amount of assets, liabilities, revenue, and expenses and disclosure of contingent assets and liabilities in the accompanying financial statements. The most significant of these estimates includes the estimate of costs to complete long-term contracts, the estimate of useful lives for property, plant, and equipment, cash flow estimates used for testing the recoverability of assets, pension plan and postretirement obligation assumptions, estimates for inventory obsolescence, estimates for the valuation and useful lives of intangible assets and legal reserves. Actual results may differ from these estimates.

RevenueRecognitionPolicyTextBlock

CashAndCashEquivalentsPolicyTextBlock

Cash and Cash Equivalents

Cash equivalents consist of money market funds and commercial paper that are readily convertible into cash, all with original maturity dates of three months or less.

InventoryPolicyTextBlock

Inventory

Inventories are stated at lower of cost or net realizable value. Production costs are comprised of direct material and labor and applicable manufacturing overhead.

GovernmentContractorsContractsInProgressPolicyPolicyTextBlock

Progress Payments

Certain long-term contracts provide for interim billings as costs are incurred on the respective contracts. Pursuant to contract provisions, agencies of the U.S. Government and other customers obtain control of promised goods or services to the extent that progress payments are received. Accordingly, these receipts have been reported as a reduction of unbilled receivables as presented in Note 5 to the Consolidated Financial Statements.

PropertyPlantAndEquipmentPolicyTextBlock

Property, Plant, and Equipment

Property, plant, and equipment are carried at cost less accumulated depreciation. Major renewals and betterments are capitalized, while maintenance and repairs that do not improve or extend the life of the asset are expensed in the period that they are incurred. Depreciation is computed using the straight-line method based over the estimated useful lives of the respective assets.

Average useful lives for property, plant, and equipment are as follows:



Buildings and improvements	5 to 40 years
Machinery, equipment, and other	3 to 15 years

GoodwillAndIntangibleAssetsIntangibleAssetsPolicy

Intangible Assets

Intangible assets are generally the result of acquisitions and consist primarily of purchased technology, customer related intangibles, trademarks, and technology licenses. Intangible assets are amortized on a straight-line basis over their estimated useful lives, which range from 1 to 20 years. See Note 9 to the Consolidated Financial Statements for further information on other intangible assets.

ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock

Impairment of Long-Lived Assets

The Corporation reviews the recoverability of all long-lived assets, including the related useful lives, whenever events or changes in circumstances indicate that the carrying amount of a long-lived asset might not be recoverable. If required, the Corporation compares the estimated fair value determined by either the undiscounted future net cash flows or appraised value to the related asset’s carrying value to determine whether there has been an impairment. If an asset is considered impaired, the asset is written down to fair value in the period in which the impairment becomes known. The Corporation recognized no significant impairment charges on assets held in use during the years ended December 31, 2018, 2017, and 2016.

Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]

Goodwill

Goodwill results from business acquisitions. The Corporation accounts for business acquisitions by allocating the purchase price to the tangible and intangible assets acquired and liabilities assumed. Assets acquired and liabilities assumed are recorded at their fair values, and the excess of the purchase price over the amounts allocated is recorded as goodwill. The recoverability of goodwill is subject to an annual impairment test or whenever an event occurs or circumstances change that would more likely than not result in an impairment. The impairment test is based on the estimated fair value of the underlying businesses. The Corporation’s goodwill impairment test is performed annually in the fourth quarter of each year. See Note 8 to the Consolidated Financial Statements for further information on goodwill.

FairValueOfFinancialInstrumentsPolicy

Fair Value of Financial Instruments

Accounting guidance requires certain disclosures regarding the fair value of financial instruments. Due to the short maturities of cash and cash equivalents, accounts receivable, accounts payable, and accrued expenses, the net book value of these financial instruments is deemed to approximate fair value. See Notes 10 and 13 to the Consolidated Financial Statements for further information on the Corporation's financial instruments.

ResearchAndDevelopmentExpensePolicy

Research and Development

The Corporation funds research and development programs for commercial products and independent research and development and bid and proposal work related to government contracts. Development costs include engineering and field support for new customer requirements. Corporation-sponsored research and development costs are expensed as incurred.

Research and development costs associated with customer-sponsored programs are capitalized to inventory and are recorded in cost of sales when products are delivered or services performed. Funds received under shared development contracts are a reduction of the total development expenditures under the shared contract and are shown net as research and development costs.

ShareBasedCompensationOptionAndIncentivePlansPolicy

Accounting for Share-Based Payments

The Corporation follows the fair value based method of accounting for share-based employee compensation, which requires the Corporation to expense all share-based employee compensation. Share-based employee compensation is a non-cash expense since the Corporation settles these obligations by issuing the shares of Curtiss-Wright Corporation instead of settling such obligations with cash payments.

Compensation expense for non-qualified share options, performance shares, and time-based restricted stock is recognized over the requisite service period for the entire award based on the grant date fair value.

IncomeTaxPolicyTextBlock

Income Taxes

The Corporation accounts for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. The effect on deferred tax assets and liabilities of a change in tax laws is recognized in the results of operations in the period the new laws are enacted. A valuation allowance is recorded to reduce the carrying amounts of deferred tax assets unless it is more likely than not that such assets will be realized.

The Corporation records amounts related to uncertain income tax positions by 1) prescribing a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements and 2) the measurement of the income tax benefits recognized from such positions. The Corporation’s accounting policy is to classify uncertain income tax positions that are not expected to be resolved in one year as a non-current income tax liability and to classify interest and penalties as a component of Interest expense and General and administrative expenses, respectively. See Note 12 to the Consolidated Financial Statements for further information.

ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock

Foreign Currency

For operations outside the United States of America that prepare financial statements in currencies other than the U.S. dollar, the Corporation translates assets and liabilities at period-end exchange rates and income statement amounts using weighted-average exchange rates for the period. The cumulative effect of translation adjustments is presented as a component of accumulated other comprehensive income (loss) within stockholders’ equity. This balance is affected by foreign currency exchange rate fluctuations and by the acquisition of foreign entities. (Gains) and losses from foreign currency transactions are included in General and administrative expenses in the Consolidated Statement of Earnings, which amounted to ($4.5) million, $5.4 million, and ($8.9) million for the years ended December 31, 2018, 2017, and 2016, respectively.

DerivativesPolicyTextBlock

Derivatives

Forward Foreign Exchange and Currency Option Contracts

The Corporation uses financial instruments, such as forward exchange and currency option contracts, to hedge a portion of existing and anticipated foreign currency denominated transactions. The purpose of the Corporation’s foreign currency risk management program is to reduce volatility in earnings caused by exchange rate fluctuations. All of the derivative financial instruments are recorded at fair value based upon quoted market prices for comparable instruments, with the gain or loss on these transactions recorded into earnings in the period in which they occur. These (gains) and losses are classified as General and administrative expenses in the Consolidated Statement of Earnings and amounted to $6.6 million, ($0.3) million, and $11.5 million for the years ended December 31, 2018, 2017, and 2016, respectively. The Corporation does not use derivative financial instruments for trading or speculative purposes.

Interest Rate Risks and Related Strategies

The Corporation’s primary interest rate exposure results from changes in U.S. dollar interest rates. The Corporation’s policy is to manage interest cost using a mix of fixed and variable rate debt. The Corporation periodically uses interest rate swaps to manage such exposures. Under these interest rate swaps, the Corporation exchanges, at specified intervals, the difference between fixed and floating interest amounts calculated by reference to an agreed-upon notional principal amount.

For interest rate swaps designated as fair value hedges (i.e., hedges against the exposure to changes in the fair value of an asset or a liability or an identified portion thereof that is attributable to a particular risk), changes in the fair value of the interest rate swaps offset changes in the fair value of the fixed rate debt due to changes in market interest rates.

New Accounting Pronouncements, Policy [Policy Text Block]

Recently Issued Accounting Standards

Recent accounting standards adopted

ASU 2014-09 - Revenue from Contracts with Customers - On January 1, 2018, the Corporation adopted ASC 606, Revenue from Contracts with Customers, and the related amendments (“new revenue standard”) using the modified retrospective method. The Corporation recognized the cumulative effect of initially applying the new revenue standard as an adjustment to the retained earnings balance as of January 1, 2018. Comparative information for prior periods has not been restated and continues to be reported under the accounting standard in effect for those respective periods.

The cumulative effect from the adoption of the new revenue standard as of January 1, 2018 was as follows:



Balance Sheet (In thousands)	As of December 31, 2017		Adjustments due to ASU 2014-09			As of January 1, 2018
Receivables, net	$	494,923	$	18,363		$	513,286
Inventories, net	378,866		(23,555		)	355,311
Other assets	18,229		878			19,107
Deferred revenue	214,891		(2,040		)	212,851
Retained earnings	1,944,324		(2,274		)	1,942,050

The impact of adoption on the Corporation's Consolidated Statement of Earnings and Consolidated Balance Sheet was as follows:



	Year Ended December 31, 2018
Statement of Earnings (In thousands)	As Reported			Adjustments Increase/(Decrease)			Balances Without Adoption of ASC 606
Product sales	$	1,993,249		$	(5,668	)	$	1,987,581
Cost of product sales	1,272,599			(383		)	1,272,216
Provision for income taxes	(80,490		)	1,313			(79,177		)
Net earnings	$	275,749		$	(3,972	)	$	271,777



	As of December 31, 2018
Balance Sheet (In thousands)	As Reported		Adjustments Increase/(Decrease)			Balances Without Adoption of ASC 606
Receivables, net	$	593,755	$	(22,378	)	$	571,377
Inventories, net	423,426		24,235			447,661
Other assets	19,160		(879		)	18,281
Income taxes payable	5,811		(1,296		)	4,515
Deferred revenue	236,508		3,972			240,480
Retained earnings	2,191,471		(1,698		)	2,189,773

ASU 2017-07, Retirement Benefits - Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost - On January 1, 2018, the Corporation adopted the amendments to ASC 715 that improve the presentation of net periodic pension and postretirement benefit costs. The Corporation retrospectively adopted the presentation of service cost separate from the other components of net periodic costs and included it as a component of employee compensation cost in operating income. The interest cost, expected return on assets, amortization of prior service costs, and net actuarial gain/loss components of net periodic benefit costs have been reclassified from operating income to other income, net. Additionally, the Corporation elected to apply the practical expedient which allows it to reclassify amounts previously disclosed in Note 15 of the Corporation's 2017 Annual Report on Form 10-K as the basis for applying retrospective presentation for comparative periods.

The effect of the retrospective change on the Corporation's Consolidated Statement of Earnings for the year ended December 31, 2017 and 2016 was as follows:



	Year Ended December 31, 2017
Statement of Earnings (In thousands)	Previously Reported		Adjustments Increase/(Decrease)			As Revised
Cost of product sales	$	1,184,358	$	14,523		$	1,198,881
Cost of service sales	268,073		3,287			271,360
Research and development expenses	60,308		1,085			61,393
Selling expenses	120,002		1,871			121,873
General and administrative expenses	298,542		(6,143		)	292,399
Other income, net	1,347		14,623			15,970



	Year Ended December 31, 2016
Statement of Earnings (In thousands)	Previously Reported		Adjustments Increase/(Decrease)			As Revised
Cost of product sales	$	1,100,287	$	12,791		$	1,113,078
Cost of service sales	258,161		3,001			261,162
Research and development expenses	58,592		832			59,424
Selling expenses	111,228		1,936			113,164
General and administrative expenses	272,565		(6,981		)	265,584
Other income, net	1,111		11,579			12,690

ASU 2017-01, Business Combinations - Clarifying the Definition of a Business. On January 1, 2018, the Corporation adopted the amendments to ASC 805 which clarifies the definition of a business. The standard introduces a screen for determining when assets acquired are not a business and clarifies that a business must include, at a minimum, an input and a substantive process that contribute to an output. The adoption of this standard did not have a financial impact on the Consolidated Financial Statements.

Recent accounting standards to be adopted



Standard	Description	Effect on the consolidated financial statements
ASU 2016-02 Leases	In February 2016, the FASB issued final guidance that will require lessees to record both right-of-use assets and lease liabilities for most leases on their balance sheets but recognize expenses on their income statements in a manner similar to today’s accounting.	The Corporation will apply the optional transition method of adoption as of January 1, 2019, which permits the entity to continue presenting all periods prior to January 1, 2019 under previous lease accounting guidance. In conjunction with adoption, the Corporation plans to elect the package of practical expedients which permits the entity to forgo reassessment of conclusions reached regarding lease existence and lease classification under previous guidance, as well as the practical expedient to not separate non-lease components. Further, the Corporation will make an accounting policy election to account for short-term leases in a manner consistent with the methodology applied under previous guidance. The adoption of this standard is expected to result in an increase of approximately $175 million to $185 million in total assets and total liabilities in the Corporation’s Consolidated Balance Sheet as of January 1, 2019. However, the standard is not expected to have a material impact on the Corporation’s cash flows or statement of earnings.
Date of adoption: January 1, 2019
ASU 2018-02 Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income	In February 2018, the FASB issued ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. This ASU permits the reclassification of tax effects stranded in accumulated other comprehensive income to retained earnings as a result of the 2017 Tax Cuts and Jobs Act. The standard will be effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years, with early adoption permitted.	The adoption is expected to result in a reclassification of approximately $25 million from accumulated other comprehensive loss to retained earnings in the Corporation’s Consolidated Balance Sheet as of January 1, 2019.
Date of adoption: January 1, 2019
ASU 2018-07 Improvements to Nonemployee Share-Based Payment Accounting	In June 2018, the FASB issued ASU 2018-07, Improvements to Nonemployee Share-Based Payment Accounting. The ASU simplifies the accounting for share-based payments to nonemployees by aligning it with the accounting for share-based payments to employees, with certain exceptions. The standard will be effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years, with early adoption permitted.	The Corporation does not expect the adoption of this standard to have a material impact on its Consolidated Financial Statements.
Date of adoption: January 1, 2019

REVENUE (Table)

12 Months Ended

Dec. 31, 2018

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]



Total Net Sales by End Market and Customer Type	Year Ended December 31,
(In thousands)	2018		2017		2016
Defense
Aerospace	$	376,951	$	372,678	$	303,430
Ground	97,131		96,042		86,139
Naval	486,476		408,221		403,343
Total Defense Customers	$	960,558	$	876,941	$	792,912

Commercial
Aerospace	$	414,422	$	409,384	$	397,327
Power Generation	431,793		423,747		409,201
General Industrial	605,062		560,954		509,491
Total Commercial Customers	$	1,451,277	$	1,394,085	$	1,316,019

Total	$	2,411,835	$	2,271,026	$	2,108,931

DISCONTINUED OPERATIONS (Table)

12 Months Ended

Dec. 31, 2018

Discontinued Operations and Disposal Groups [Abstract]

Summary of Aggregate Financial Results of Discontinued Operations

The aggregate financial results of all discontinued operations for the years ended December 31 were as follows:



(In thousands)	2018		2017		2016
Net sales	$	—	$	—	$	—
Loss from discontinued operations before income taxes	—		—		—
Income tax benefit / (expense)	—		—		(2,053		)	⁽¹⁾
Loss on sale of businesses	—		—		—
Loss from discontinued operations	$	—	$	—	$	(2,053	)

⁽¹⁾

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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+ Details

ACQUISITIONS (Table)

12 Months Ended

Dec. 31, 2018

Business Acquisition [Line Items]

ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock



(In thousands)	2018			2017
Accounts receivable	$	24,385		$	4,994
Inventory	31,875			22,702
Property, plant, and equipment	3,206			4,598
Intangible assets	146,100			88,900
Other current and non-current assets	47			2,816
Current and non-current liabilities	(5,374		)	(6,730		)
Due to seller	—			(804		)
Net tangible and intangible assets	200,239			116,476
Purchase price	210,167			232,630
Goodwill	$	9,928		$	116,154

Goodwill deductible for tax purposes	$	9,928		$	115,532

RECEIVABLES (Table)

12 Months Ended

Dec. 31, 2018

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

Schedule Of Accounts Notes Loans And Financing Receivable [Text Block]



(In thousands)	2018			2017
Billed receivables:
Trade and other receivables	$	390,306		$	363,234
Less: Allowance for doubtful accounts	(7,436		)	(7,486		)
Net billed receivables	382,870			355,748
Unbilled receivables:
Recoverable costs and estimated earnings not billed	225,810			160,727
Less: Progress payments applied	(14,925		)	(21,552		)
Net unbilled receivables	210,885			139,175
Receivables, net	$	593,755		$	494,923

INVENTORIES (Table)

12 Months Ended

Dec. 31, 2018

Inventory, Net [Abstract]

Schedule Of Inventory [Text Block]



(In thousands)	2018			2017
Raw material	$	214,442		$	191,855
Work-in-process	74,536			73,937
Finished goods	143,016			114,307
Inventoried costs related to U.S. Government and other long-term contracts	54,195			65,150
Gross inventories	486,189			445,249
Less: Inventory reserves	(55,776		)	(54,638		)
Progress payments applied	(6,987		)	(11,745		)
Inventories, net	$	423,426		$	378,866

PROPERTY, PLANT, AND EQUIPMENT (Table)

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]



(In thousands)	2018			2017
Land	$	18,548		$	19,947
Buildings and improvements	226,743			234,539
Machinery, equipment, and other	801,169			783,430
Property, plant, and equipment, at cost	1,046,460			1,037,916
Less: Accumulated depreciation	(671,800		)	(647,681		)
Property, plant, and equipment, net	$	374,660		$	390,235

GOODWILL (Table)

12 Months Ended

Dec. 31, 2018

Goodwill [Abstract]

Schedule Of Goodwill [Text Block]



(In thousands)	Commercial/Industrial			Defense			Power			Consolidated
December 31, 2016	$	436,141		$	327,655		$	187,261		$	951,057
Acquisitions	2,677			113,477			—			116,154
Divestitures	(1,168		)	(647		)	—			(1,815		)
Foreign currency translation adjustment	10,881			19,847			205			30,933
December 31, 2017	$	448,531		$	460,332		$	187,466		$	1,096,329
Acquisitions	—			—			9,928			9,928
Divestitures	(111		)	(1,594		)	—			(1,705		)
Foreign currency translation adjustment	(6,405		)	(9,867		)	(248		)	(16,520		)
December 31, 2018	$	442,015		$	448,871		$	197,146		$	1,088,032

OTHER INTANGIBLE ASSETS, NET (Table)

12 Months Ended

Dec. 31, 2018

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule of Finite-Lived Intangible Assets [Table Text Block]



	2018							2017
(In thousands)	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Technology	$	238,212	$	(123,156	)	$	115,056	$	243,440	$	(114,036	)	$	129,404
Customer related intangibles	358,832		(193,455		)	165,377		367,230		(180,580		)	186,650
Programs ⁽¹⁾	144,000		(5,400		)	138,600		—		—			—
Other intangible assets	40,340		(29,806		)	10,534		40,640		(27,026		)	13,614
Total	$	781,384	$	(351,817	)	$	429,567	$	651,310	$	(321,642	)	$	329,668

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]



(In thousands)
2019	$	43,488
2020	41,576
2021	39,826
2022	37,312
2023	33,641

FAIR VALUE OF FINANCIAL INSTRUMENTS (Table)

12 Months Ended

Dec. 31, 2018

Fair Value Of Financial Instruments [Abstract]

Derivatives Not Designated as Hedging Instruments [Table Text Block]



(In thousands)	2018		2017			2016
Forward exchange contracts:
General and administrative expenses	$	6,643	$	(346	)	$	11,510

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Table)

12 Months Ended

Dec. 31, 2018

Accrued Liabilities, Current [Abstract]

ScheduleOfAccruedLiabilitiesTableTextBlock



(In thousands)	2018		2017
Accrued compensation	$	118,479	$	108,268
Accrued commissions	7,769		6,296
Accrued interest	8,944		9,894
Accrued insurance	6,951		7,015
Other	24,811		18,933
Total accrued expenses	$	166,954	$	150,406

Schedule Of Other Liabilities [Table Text Block]



(In thousands)	2018		2017
Warranty reserves	$	17,293	$	14,212
Additional amounts due to sellers on acquisitions	233		1,941
Reserves on loss contracts	2,487		1,418
Pension and other postretirement liabilities	6,528		5,060
Other	18,288		13,179
Total other current liabilities	$	44,829	$	35,810

INCOME TAXES (Table)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule Of Income Before Income Tax, Domestic and Foreign [Table Text Block]



(In thousands)	2018		2017		2016
Domestic	$	217,374	$	179,006	$	154,571
Foreign	138,865		120,613		113,390
	$	356,239	$	299,619	$	267,961

Schedule Of Provision For Income Taxes [Table Text Block]



(In thousands)	2018			2017			2016
Current:
Federal	$	37,648		$	54,963		$	45,523
State	9,228			2,648			8,002
Foreign	25,285			23,162			20,861
Total current	72,161			80,773			74,386

Deferred:
Federal	8,518			2,595			4,267
State	(1,047		)	4,282			73
Foreign	858			(2,922		)	(147		)
Total deferred	8,329			3,955			4,193
Provision for income taxes	$	80,490		$	84,728		$	78,579

Schedule Of Effective Income Tax Rate Reconciliation [Table Text Block]



	2018		2017		2016
U.S. federal statutory tax rate	21.0	%	35.0	%	35.0	%
Add (deduct):
State and local taxes, net of federal benefit	2.2		1.8		1.1
R&D tax credits	(1.0	)	(1.3	)	(0.9	)
Foreign earnings ⁽¹⁾	0.9		(6.0	)	(5.8	)
Stock compensation - excess tax benefits	(1.3	)	(2.6	)	—
Impacts related to the Tax Act	1.8		3.4		—
All other, net	(1.0	)	(2.0	)	(0.1	)
Effective tax rate	22.6	%	28.3	%	29.3	%

⁽¹⁾ Foreign earnings primarily include the net impact of differences between local statutory rates and the U.S. Federal statutory rate, the cost of repatriating foreign earnings, and the impact of changes to foreign valuation allowances.

Schedule Of Deferred Tax Assets And Liabilities [Table Text Block]

The components of the Corporation’s deferred tax assets and liabilities as of December 31 are as follows:



(In thousands)	2018		2017
Deferred tax assets:
Pension plans	$	28,020	$	18,903
Environmental reserves	8,613		7,109
Inventories	14,154		15,116
Postretirement/postemployment benefits	7,636		8,241
Incentive compensation	8,472		7,721
Net operating loss	9,868		10,908
Capital loss carryover	6,972		7,047
Other	27,795		28,775
Total deferred tax assets	111,530		103,820
Deferred tax liabilities:
Depreciation	24,983		19,586
Goodwill amortization	70,850		67,779
Other intangible amortization	33,600		38,252
Withholding taxes	10,300		3,800
Other	5,345		8,836
Total deferred tax liabilities	145,078		138,253
Valuation allowance	11,646		12,322
Net deferred tax liabilities	$	45,194	$	46,755

Deferred tax assets and liabilities are reflected on the Corporation’s consolidated balance sheet as of December 31 as follows:



(In thousands)	2018		2017
Net noncurrent deferred tax assets	1,927		2,605
Net noncurrent deferred tax liabilities	47,121		49,360
Net deferred tax liabilities	$	45,194	$	46,755

Summary Of Unrecognized Tax Benefits [Table Text Block]



(In thousands)	2018			2017			2016
Balance as of January 1,	$	13,174		$	11,454		$	12,414
Additions for tax positions of prior periods	88			1,069			32
Reductions for tax positions of prior periods	(290		)	(194		)	(1,679		)
Additions for tax positions related to the current year	1,036			1,273			789
Settlements	(445		)	(428		)	(102		)
Balance as of December 31,	$	13,563		$	13,174		$	11,454

Summary Of Open Tax Years [Table Text Block]



United States (Federal)	2015	-	present
United States (Various states)	2007	-	present
United Kingdom	2011	-	present
Canada	2012	-	present

DEBT (Table)

12 Months Ended

Dec. 31, 2018

Debt Instruments [Abstract]

Summary of Debt

Debt consists of the following as of December 31:



(In thousands)	2018			2018			2017			2017
	Carrying Value			Estimated Fair Value			Carrying Value			Estimated Fair Value
3.84% Senior notes due 2021	100,000			100,359			100,000			102,472
3.70% Senior notes due 2023	202,500			201,813			225,000			228,783
3.85% Senior notes due 2025	90,000			89,711			100,000			102,164
4.24% Senior notes due 2026	200,000			202,288			200,000			208,873
4.05% Senior notes due 2028	67,500			66,942			75,000			76,997
4.11% Senior notes due 2028	90,000			89,647			100,000			103,226
Other debt	243			243			150			150
Total debt	750,243			751,003			800,150			822,665
Debt issuance costs, net	(714		)	(714		)	(831		)	(831		)
Unamortized interest rate swap proceeds	13,027			13,027			14,820			14,820
Total debt, net	762,556			763,316			814,139			836,654
Less: current portion of long-term debt and short-term debt	243			243			150			150
Total long-term debt	$	762,313		$	763,073		$	813,989		$	836,504

Aggregate Maturities of Debt

Aggregate maturities of debt are as follows:



(In thousands)
2019	$	243
2020	—
2021	100,000
2022	—
2023	202,500
Thereafter	447,500
Total	$	750,243

EARNINGS PER SHARE (Table)

12 Months Ended

Dec. 31, 2018

Earnings Per Share [Abstract]

Schedule of Earnings Per Share Reconciliation [Table Text Block]



(In thousands, except per share data)	Earnings from continuing operations		Weighted- Average Shares Outstanding	Earnings per share from continuing operations
2018
Basic earnings per share from continuing operations	$	275,749	43,892	$	6.28
Dilutive effect of stock options and deferred stock compensation			424
Diluted earnings per share from continuing operations	$	275,749	44,316	$	6.22
2017
Basic earnings per share from continuing operations	$	214,891	44,182	$	4.86
Dilutive effect of stock options and deferred stock compensation			579
Diluted earnings per share from continuing operations	$	214,891	44,761	$	4.80
2016
Basic earnings per share from continuing operations	$	189,382	44,389	$	4.27
Dilutive effect of stock options and deferred stock compensation			656
Diluted earnings per share from continuing operations	$	189,382	45,045	$	4.20

SHARE-BASED COMPENSATION PLANS (Table)

12 Months Ended

Dec. 31, 2018

Share-based Compensation [Abstract]

Schedule Of Compensation Cost For Share Based Payment Arrangements Allocation Of Share Based Compensation Costs By Plan [Table Text Block]



(In thousands)	2018		2017		2016
Employee Stock Purchase Plan	1,435		1,207		1,184
Performance Share Units	4,746		4,340		3,910
Restricted Share Units	7,026		4,931		3,426
Other share-based payments	887		1,094		958
Total share-based compensation expense before income taxes	$	14,094	$	11,572	$	9,478

Schedule of Cash Proceeds Received from Share-based Payment Awards [Table Text Block]



(In thousands)	2018		2017		2016
Cash received from share-based awards	$	11,940	$	14,179	$	22,300

Share-based Compensation, Stock Options, Activity [Table Text Block]



	Shares (000’s)		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term in Years	Aggregate Intrinsic Value (000’s)
Outstanding as of December 31, 2017	264		$	30.30
Exercised	(105	)	30.23
Forfeited	(1	)	30.12
Outstanding as of December 31, 2018	158		$	30.34	1.5	$	11,345
Exercisable as of December 31, 2018	158		$	30.34	1.5	$	11,345

Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]



	Performance Share Units (PSUs)				Restricted Share Units (RSUs)
	Shares/Units (000’s)		Weighted- Average Fair Value		Shares/Units (000’s)		Weighted- Average Fair Value
Nonvested as of December 31, 2017	135		$	75.51	169		$	75.19
Granted	75		126.46		47		135.46
Vested	(93	)	83.52		(77	)	147.26
Forfeited	—		—		(2	)	95.92
Nonvested as of December 31, 2018	117		$	101.70	137		$	54.66
Expected to vest as of December 31, 2018	117		$	101.70	137		$	54.66

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Table)

12 Months Ended

Dec. 31, 2018

Defined Benefit Plan Disclosure [Line Items]

ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock



Asset Category	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Cash and cash equivalents	$	42,374	$	12,551	$	29,823	$	—
Equity securities- Mutual funds⁽¹⁾	504,633		455,175		49,458		—
Bond funds ⁽²⁾	216,372		150,265		66,107		—
Insurance Contracts ⁽³⁾	10,912		—		—		10,912
Other ⁽⁴⁾	2,191		—		—		2,191
December 31, 2017	$	776,482	$	617,991	$	145,388	$	13,103
Cash and cash equivalents	$	42,261	$	20,034	$	22,227	$	—
Equity securities- Mutual funds ⁽¹⁾	446,434		404,509		41,925		—
Bond funds ⁽²⁾	238,880		177,731		61,149		—
Insurance Contracts⁽³⁾	8,408		—		—		8,408
Other ⁽⁴⁾	2,313		—		—		2,313
December 31, 2018	$	738,296	$	602,274	$	125,301	$	10,721

Schedule of Net Benefit Costs [Table Text Block]



	Pension Benefits									Postretirement Benefits
(In thousands)	2018			2017			2016			2018			2017			2016
Service cost	$	27,116		$	25,093		$	25,100		$	490		$	435		$	338
Interest cost	26,149			25,895			30,495			719			762			996
Expected return on plan assets	(58,641		)	(53,552		)	(54,101		)	—			—			—
Amortization of prior service cost	(252		)	(100		)	(46		)	(656		)	(656		)	(657		)
Recognized net actuarial loss/(gain)	16,867			12,925			12,029			(131		)	(223		)	(296		)
Cost of settlements/curtailments	337			327			—			—			—			—
Net periodic benefit cost (income)	$	11,576		$	10,588		$	13,477		$	422		$	318		$	381

ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock



	Pension Benefits						Postretirement Benefits
(In thousands)	2018			2017			2018			2017
Change in benefit obligation:
Beginning of year	$	868,887		$	798,605		$	25,035		$	24,436
Service cost	27,116			25,093			490			435
Interest cost	26,149			25,895			719			762
Plan participants’ contributions	1,402			1,655			319			253
Actuarial (gain) loss	(58,913		)	56,727			(1,982		)	2,056
Benefits paid	(41,962		)	(41,233		)	(2,521		)	(2,907		)
Actual expenses	(1,371		)	(1,301		)	—			—
Settlements	(2,228		)	(4,151		)	—			—
Currency translation adjustments	(4,186		)	7,597			—			—
End of year	$	814,894		$	868,887		$	22,060		$	25,035



Change in plan assets:
Beginning of year	$	776,482		$	714,608		$	—		$	—
Actual return on plan assets	(44,876		)	94,960			—			—
Employer contribution	55,311			4,561			2,203			2,654
Plan participants’ contributions	1,402			1,655			319			253
Benefits paid	(44,190		)	(45,384		)	(2,522		)	(2,907		)
Actual Expenses	(1,371		)	(1,301		)	—			—
Currency translation adjustments	(4,462		)	7,383			—			—
End of year	$	738,296		$	776,482		$	—		$	—

Funded status	$	(76,598	)	$	(92,405	)	$	(22,060	)	$	(25,035	)



	Pension Benefits						Postretirement Benefits
(In thousands)	2018			2017			2018			2017
Amounts recognized on the balance sheet
Noncurrent assets	$	9,098		$	8,663		$	—		$	—
Current liabilities	(4,905		)	(3,374		)	(1,623		)	(1,686		)
Noncurrent liabilities	(80,791		)	(97,694		)	(20,437		)	(23,349		)
Total	$	(76,598	)	$	(92,405	)	$	(22,060	)	$	(25,035	)
Amounts recognized in accumulated other comprehensive income (AOCI)
Net actuarial loss (gain)	$	228,430		$	201,390		$	(4,751	)	$	(2,899	)
Prior service cost	(1,225		)	(1,461		)	(2,060		)	(2,718		)
Total	$	227,205		$	199,929		$	(6,811	)	$	(5,617	)
Amounts in AOCI expected to be recognized in net periodic cost in the coming year:
Loss (gain) recognition	$	10,368		$	15,615		$	131		$	(29	)
Prior service cost recognition	$	(284	)	$	(250	)	$	(657	)	$	(657	)
Accumulated benefit obligation	$	784,205		$	834,745		N/A			N/A
Information for pension plans with an accumulated benefit obligation in excess of plan assets:
Projected benefit obligation	$	743,632		$	785,039		N/A			N/A
Accumulated benefit obligation	714,146			752,371			N/A			N/A
Fair value of plan assets	658,327			684,756			N/A			N/A

ScheduleOfAssumptionsUsedTableTextBlock



	Pension Benefits				Postretirement Benefits
	2018		2017		2018		2017
Weighted-average assumptions in determination of benefit obligation:
Discount rate	4.09	%	3.46	%	4.20	%	3.54	%
Rate of compensation increase	3.50	%	3.55	%	N/A		N/A
Health care cost trends:
Rate assumed for subsequent year	N/A		N/A		7.85	%	8.30	%
Ultimate rate reached in 2026	N/A		N/A		4.50	%	4.50	%
Weighted-average assumptions in determination of net periodic benefit cost:
Discount rate	3.46	%	3.93	%	3.54	%	4.02	%
Expected return on plan assets	7.47	%	7.47	%	N/A		N/A
Rate of compensation increase	3.50	%	3.54	%	N/A		N/A
Health care cost trends:
Rate assumed for subsequent year	N/A		N/A		8.30	%	8.25	%
Ultimate rate reached in 2026	N/A		N/A		4.50	%	4.50	%

ScheduleOfEffectOfOnePercentagePointChangeInAssumedHealthCareCostTrendRatesTableTextBlock



(In thousands)	1% Increase		1% Decrease
Total service and interest cost components	$	29	$	(23	)
Postretirement benefit obligation	$	331	$	(272	)

ScheduleOfAllocationOfPlanAssetsTableTextBlock



	As of December 31,		Target	Expected
	2018	2017	Exposure	Range
Asset class
Domestic equities	48%	52%	50%	40%-60%
International equities	15%	15%	15%	10%-20%
Total equity	63%	67%	65%	55%-75%
Fixed income	37%	33%	35%	25%-45%

ScheduleOfExpectedBenefitPaymentsTableTextBlock



(In thousands)	Pension Plans		Postretirement Plans		Total
2019	$	48,806	$	1,623	$	50,429
2020	48,976		1,630		50,606
2021	50,691		1,616		52,307
2022	51,360		1,615		52,975
2023	52,418		1,619		54,037
2024 — 2028	275,736		7,611		283,347

Level 3

Defined Benefit Plan Disclosure [Line Items]

ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock



(In thousands)	Insurance Contracts			Other			Total
December 31, 2016	$	10,760		$	1,618		$	12,378
Actual return on plan assets:
Relating to assets still held at the reporting date	167			58			226
Purchases, sales, and settlements	(503		)	436			(68		)
Foreign currency translation adjustment	488			79			567
December 31, 2017	$	10,912		$	2,191		$	13,103
Actual return on plan assets:
Relating to assets still held at the reporting date	163			(13		)	150
Purchases, sales, and settlements	(2,595		)	152			(2,443		)
Foreign currency translation adjustment	(72		)	(17		)	(89		)
December 31, 2018	$	8,408		$	2,313		$	10,721

LEASES (Table)

12 Months Ended

Dec. 31, 2018

Leases [Abstract]

ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock



(In thousands)	Rental Commitments
2019	$	29,562
2020	28,514
2021	24,501
2022	19,996
2023	19,778
Thereafter	93,974
Total	$	216,325

SEGMENT INFORMATION (Table)

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Schedule Of Segment Reporting Information By Segment [Text Block]



Depreciation and amortization expense
Commercial/Industrial	$	50,690	$	53,180	$	53,970
Defense	20,578		20,702		14,488
Power	27,737		22,019		23,032
Corporate	3,944		4,094		4,518
Total Consolidated	$	102,949	$	99,995	$	96,008



	Year Ended December 31,
(In thousands)	2018			2017			2016
Earnings before taxes:
Total segment operating income	$	409,973		$	358,603		$	328,626
Corporate and Eliminations	(36,347		)	(33,483		)	(32,107		)
Interest expense	33,983			41,471			41,248
Other income, net	16,596			15,970			12,690
Total consolidated earnings before tax	$	356,239		$	299,619		$	267,961



	Year Ended December 31,
(In thousands)	2018			2017			2016
Net sales
Commercial/Industrial	$	1,209,943		$	1,163,510		$	1,120,326
Defense	559,058			557,954			469,796
Power	649,754			554,048			524,967
Less: Intersegment Revenues	(6,920		)	(4,486		)	(6,158		)
Total Consolidated	$	2,411,835		$	2,271,026		$	2,108,931



Capital expenditures
Commercial/Industrial	$	30,411	$	29,028	$	30,145
Defense	5,793		9,276		5,870
Power	11,350		10,039		6,653
Corporate	5,863		4,362		4,108
Total Consolidated	$	53,417	$	52,705	$	46,776

Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]



(In thousands)	2018			2017			2016
Operating income (expense)
Commercial/Industrial	$	182,669		$	168,146		$	156,084
Defense	128,446			109,338			98,182
Power	98,858			81,119			74,360
Corporate and Eliminations ⁽¹⁾	(36,347		)	(33,483		)	(32,107		)
Total Consolidated	$	373,626		$	325,120		$	296,519

Reconciliation Of Assets From Segment To Consolidated [Text Block]



Segment assets
Commercial/Industrial	$	1,398,601	$	1,444,097	$	1,391,040
Defense	961,298		1,044,776		751,859
Power	720,073		482,753		516,321
Corporate	175,413		264,695		378,561
Total Consolidated	$	3,255,385	$	3,236,321	$	3,037,781



	As of December 31,
(In thousands)	2018		2017		2016
Assets:
Total assets for reportable segments	$	3,079,972	$	2,971,626	$	2,659,220
Non-segment cash	138,053		204,664		357,021
Other assets	37,360		60,031		21,540
Total consolidated assets	$	3,255,385	$	3,236,321	$	3,037,781

ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock



	Year Ended December 31,
(In thousands)	2018		2017		2016
Revenues
United States of America	$	1,623,511	$	1,562,180	$	1,472,241
United Kingdom	126,439		118,350		114,752
Other foreign countries	661,885		590,496		521,938
Consolidated total	$	2,411,835	$	2,271,026	$	2,108,931

ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock



	As of December 31,
(In thousands)	2018		2017		2016
Long-Lived Assets
United States of America	$	258,504	$	264,829	$	272,826
United Kingdom	34,649		41,100		39,014
Other foreign countries	81,507		84,306		77,063
Consolidated total	$	374,660	$	390,235	$	388,903

Revenue from External Customers by Products and Services [Table Text Block]



	Year Ended December 31,
(In thousands)	2018		2017		2016
Net sales
Flow Control	$	1,008,262	$	899,705	$	883,735
Motion Control	1,090,703		1,075,218		940,162
Surface Technologies	312,870		296,103		285,034
Consolidated total	$	2,411,835	$	2,271,026	$	2,108,931

ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS (Table)

12 Months Ended

Dec. 31, 2018

Comprehensive Income [Abstract]

Schedule of Comprehensive Income (Loss) [Table Text Block]



(In thousands)	Foreign currency translation adjustments, net			Total pension and postretirement adjustments, net			Accumulated other comprehensive income (loss)
December 31, 2016	$	(172,650	)	$	(119,106	)	$	(291,756	)
Other comprehensive loss before reclassifications ⁽¹⁾	77,942			(10,831		)	67,111
Amounts reclassified from accumulated other comprehensive income ⁽¹⁾	—			7,805			7,805
Net current period other comprehensive income (loss)	77,942			(3,026		)	74,916
December 31, 2017	$	(94,708	)	$	(122,132	)	$	(216,840	)
Other comprehensive loss before reclassifications ⁽¹⁾	(52,440		)	(31,380		)	(83,820		)
Amounts reclassified from accumulated other comprehensive income ⁽¹⁾	—			12,213			12,213
Net current period other comprehensive loss	(52,440		)	(19,167		)	(71,607		)
December 31, 2018	$	(147,148	)	$	(141,299	)	$	(288,447	)



	Amount reclassified from Accumulated other comprehensive income (loss)						Affected line item in the statement where net earnings is presented
(In thousands)	2018			2017
Defined benefit pension and postretirement plans
Amortization of prior service costs	908			756			⁽¹⁾
Amortization of net actuarial losses	(16,736		)	(12,702		)	⁽¹⁾
Settlements	(337		)	(327		)	⁽¹⁾
	(16,165		)	(12,273		)	Total before tax
	3,952			4,468			Income tax effect
Total reclassifications	$	(12,213	)	$	(7,805	)	Net of tax

QUARTERLY RESULTS OF OPERATIONS (Table)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

ScheduleOfQuarterlyFinancialInformationTableTextBlock



(In thousands, except per share data)	First		Second		Third		Fourth
2018
Net sales	$	547,522	$	620,298	$	595,393	$	648,622
Gross profit	181,191		226,500		222,518		241,052
Net earnings	43,643		74,788		74,483		82,835

Net earnings per share
Basic earnings per share	$	0.99	$	1.69	$	1.70	$	1.91
Diluted earnings per share	$	0.98	$	1.68	$	1.68	$	1.89

2017
Net sales	$	523,591	$	567,653	$	567,901	$	611,881
Gross profit	166,935		195,010		207,496		231,344
Net earnings	32,547		50,650		63,944		67,750

Net earnings per share
Basic earnings per share	$	0.74	$	1.15	$	1.45	$	1.54
Diluted earnings per share	$	0.73	$	1.13	$	1.43	$	1.52

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (Table)

12 Months Ended

Dec. 31, 2018

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

SummaryOfValuationAllowanceTextBlock



			Additions
Description	Balance at Beginning of Period		Charged to Costs and Expenses		Charged to Other Accounts				Deductions			Balance at End of Period

Deducted from assets to which they apply:
December 31, 2018
Tax valuation allowance	12,322		108		17			⁽¹⁾	801			11,646
Total	$	12,322	$	108	$	17			$	801		$	11,646
December 31, 2017
Tax valuation allowance	17,776		1,471		125			⁽¹⁾	7,050		⁽³⁾	12,322
Total	$	17,776	$	1,471	$	125			$	7,050		$	12,322
December 31, 2016
Tax valuation allowance	17,895		1,951		(181		)	⁽¹⁾	1,889		⁽²⁾	17,776
Total	$	17,895	$	1,951	$	(181	)		$	1,889		$	17,776

⁽¹⁾ Primarily foreign currency translation adjustments.

⁽²⁾ Capital loss on sale of upstream oil and gas business.

⁽³⁾ $4.3 million relates to the reduction of the U.S. corporate income tax rate due to the Tax Act.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Property Plant And Equipment) (Details)	12 Months Ended
	Dec. 31, 2018
Building [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Building [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	15 years

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Intangible Assets) (Details)	12 Months Ended
	Dec. 31, 2018
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	1 year
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Foreign Currency) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Foreign Currency [Abstract]
Foreign Currency Transaction Gain (Loss), Realized	$ 4.5	$ 5.4	$ (8.9)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Derivatives) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
General and Administrative Expense [Member]
Derivatives, Fair Value [Line Items]
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	$ (6,643)	$ 346	$ (11,510)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES RECLASSIFICATIONS FOR ACCOUNTING PRONOUNCEMENTS (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net Sales	$ 648,622	$ 595,393	$ 620,298	$ 547,522	$ 611,881	$ 567,901	$ 567,653	$ 523,591	$ 2,411,835	$ 2,271,026	$ 2,108,931
Research and Development Expense									64,525	61,393	59,424
Selling Expense									126,641	121,873	113,164
General and Administrative Expense									306,469	292,399	265,584
Other income, net									16,596	15,970	12,690
Provision for income taxes									(80,490)	(84,728)	(78,579)
Earnings from continuing operations									275,749	214,891	189,382
Net earnings	82,835	$ 74,483	$ 74,788	$ 43,643	67,750	$ 63,944	$ 50,650	$ 32,547	275,749	214,891	187,329
Receivables, net	593,755				494,923				593,755	494,923
Inventories, net	423,426				378,866				423,426	378,866
Other assets	19,160				18,229				19,160	18,229
Income taxes payable	5,811				4,564				5,811	4,564
Deferred revenue	236,508				214,891				236,508	214,891
Retained earnings	2,191,471				1,944,324				2,191,471	1,944,324
Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net Sales									(5,668)
Provision for income taxes									1,313
Net earnings									(3,972)
Receivables, net	(22,378)				18,363				(22,378)	18,363
Inventories, net	24,235				(23,555)				24,235	(23,555)
Other assets	(879)				878				(879)	878
Income taxes payable	(1,296)								(1,296)
Deferred revenue	3,972				(2,040)				3,972	(2,040)
Retained earnings	(1,698)				(2,274)				(1,698)	(2,274)
Accounting Standards Update 2017-07 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Research and Development Expense										1,085	832
Selling Expense										1,871	1,936
General and Administrative Expense										(6,143)	(6,981)
Other income, net										14,623	11,579
Accounting Standards Update 2018-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Effect of Adoption, Quantification									25,000
Restatement Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net Sales									1,987,581
Provision for income taxes									(79,177)
Net earnings									271,777
Receivables, net	571,377				513,286				571,377	513,286
Inventories, net	447,661				355,311				447,661	355,311
Other assets	18,281				19,107				18,281	19,107
Income taxes payable	4,515								4,515
Deferred revenue	240,480				212,851				240,480	212,851
Retained earnings	$ 2,189,773				$ 1,942,050				2,189,773	1,942,050
Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Research and Development Expense										60,308	58,592
Selling Expense										120,002	111,228
General and Administrative Expense										298,542	272,565
Other income, net										1,347	1,111
Product [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net Sales									1,993,249	1,854,216	1,714,358
Cost of Goods and Services Sold									1,272,599	1,198,881	1,113,078
Product [Member] \| Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of Goods and Services Sold									(383)
Product [Member] \| Accounting Standards Update 2017-07 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of Goods and Services Sold										14,523	12,791
Product [Member] \| Restatement Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of Goods and Services Sold									1,272,216
Product [Member] \| Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of Goods and Services Sold										1,184,358	1,100,287
Service [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net Sales									418,586	416,810	394,573
Cost of Goods and Services Sold									267,975	271,360	261,162
Service [Member] \| Accounting Standards Update 2017-07 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of Goods and Services Sold										3,287	3,001
Service [Member] \| Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of Goods and Services Sold										$ 268,073	$ 258,161
Minimum [Member] \| Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Effect of Adoption, Quantification									175,000
Maximum [Member] \| Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Effect of Adoption, Quantification									$ 185,000

REVENUE DISAGGREGATION OF REVENUE (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disaggregation of Revenue [Line Items]
Net Sales	$ 648,622	$ 595,393	$ 620,298	$ 547,522	$ 611,881	$ 567,901	$ 567,653	$ 523,591	$ 2,411,835	$ 2,271,026	$ 2,108,931
Defense
Disaggregation of Revenue [Line Items]
Net Sales									960,558	876,941	792,912
Commercial [Member]
Disaggregation of Revenue [Line Items]
Net Sales									$ 1,451,277	1,394,085	1,316,019
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net, Percent									46.00%
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net, Percent									54.00%
Defense Aerospace [Member] \| Defense
Disaggregation of Revenue [Line Items]
Net Sales									$ 376,951	372,678	303,430
Defense Ground [Member] \| Defense
Disaggregation of Revenue [Line Items]
Net Sales									97,131	96,042	86,139
Naval [Member] \| Defense
Disaggregation of Revenue [Line Items]
Net Sales									486,476	408,221	403,343
Commercial Aerospace [Member] \| Commercial [Member]
Disaggregation of Revenue [Line Items]
Net Sales									414,422	409,384	397,327
Power Generation [Member] \| Commercial [Member]
Disaggregation of Revenue [Line Items]
Net Sales									431,793	423,747	409,201
General Industrial [Member] \| Commercial [Member]
Disaggregation of Revenue [Line Items]
Net Sales									$ 605,062	$ 560,954	$ 509,491

REVENUE ADDTIONAL DETAILS (Details) $ in Millions	12 Months Ended
REVENUE ADDTIONAL DETAILS (Details) $ in Millions	Dec. 31, 2018 USD ($)
Revenue from Contract with Customer [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 2,000
Revenue, Remaining Performance Obligation, Percentage	94.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Explanation	12 -36 months
Contract with Customer, Liability, Revenue Recognized	$ 164

DISCONTINUED OPERATIONS - Aggregate Financial Results (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2016 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income tax benefit / (expense)	$ (2,053)
Loss from discontinued operations	$ (2,053)

- Definition

Amount of tax expense (benefit) related to a discontinued operation. Includes, but is not limited to, tax expense (benefit) related to income (loss) from operations during the phase-out period, tax expense (benefit) related to gain (loss) on disposal, tax expense (benefit) related to gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and tax expense (benefit) related to adjustments of a prior period gain (loss) on disposal.

+ References + Details

- Definition

Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.

+ References + Details

ACQUISITIONS (Detail) - USD ($) $ in Thousands	12 Months Ended
ACQUISITIONS (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Business Acquisition [Line Items]
Goodwill	$ 1,088,032	$ 1,096,329	$ 951,057
2017 acquisitions [Member]
Business Acquisition [Line Items]
Accounts receivable		4,994
Inventory		22,702
Property, plant, and equipment		4,598
Intangible assets		2,816
Other Current and Non-current Assets		88,900
Current and non-current liabilities		(6,730)
Due to seller		(804)
Assets Acquired and Liabilities Assumed, Net		116,476
Purchase price		232,630
Goodwill		116,154
Business Acquisition, Goodwill, Expected Tax Deductible Amount		$ 115,532
2018 acquisitions [Member]
Business Acquisition [Line Items]
Accounts receivable	24,385
Inventory	31,875
Property, plant, and equipment	3,206
Intangible assets	146,100
Other Current and Non-current Assets	47
Current and non-current liabilities	(5,374)
Assets Acquired and Liabilities Assumed, Net	200,239
Purchase price	210,167
Goodwill	9,928
Business Acquisition, Goodwill, Expected Tax Deductible Amount	$ 9,928

ACQUISITIONS (Narrative) (Detail) $ in Thousands				12 Months Ended
ACQUISITIONS (Narrative) (Detail) $ in Thousands	Apr. 02, 2018	Feb. 08, 2017	Jan. 03, 2017	Dec. 31, 2018 USD ($) NumberAcquisitions	Dec. 31, 2017 USD ($) NumberAcquisitions	Dec. 31, 2016 USD ($)
Business Acquisition [Line Items]
Number of Businesses Acquired \| NumberAcquisitions				1	2
Business Combination, Pro Forma Information, Revenue of Acquiree since Acquisition Date, Actual				$ 64,000	$ 71,000
Business Combination, Pro Forma Information, Earnings or Loss of Acquiree since Acquisition Date, Actual				1,000	5,000
Payments to Acquire Businesses, Gross				210,167	232,630	$ 295
2018 acquisitions [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired				210,167
2017 acquisitions [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired					232,630
Dresser-Rand Government Business (DRG) [Member] \| Power
Business Acquisition [Line Items]
Effective date of acquisition	Apr. 02, 2018
Payments to Acquire Businesses, Net of Cash Acquired				$ 210,200
Teletronics Technology Corporation (TTC) [Member] \| Defense
Business Acquisition [Line Items]
Effective date of acquisition			Jan. 03, 2017
Payments to Acquire Businesses, Net of Cash Acquired					226,000
Para Tech Coating, Inc (Para Tech) [Member] \| Commercial/Industrial
Business Acquisition [Line Items]
Effective date of acquisition		Feb. 08, 2017
Payments to Acquire Businesses, Gross					$ 6,600

RECEIVABLES (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Billed receivables:
Trade and other receivables	$ 390,306	$ 363,234
Less: Allowance for doubtful accounts	(7,436)	(7,486)
Net billed receivables	382,870	355,748
Unbilled receivables:
Recoverable costs and estimated earnings not billed	225,810	160,727
Less: Progress payments applied	(14,925)	(21,552)
Net unbilled receivables	210,885	139,175
Receivables, net	$ 593,755	$ 494,923

RECEIVABLES (Narrative) (Detail) - USD ($) $ in Thousands	12 Months Ended
RECEIVABLES (Narrative) (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
ConcentrationRiskLineItems
Unbilled Receivables, Not Billable	$ 210,885	$ 139,175
GovernmentContractsConcentrationRiskMember
ConcentrationRiskLineItems
Accounts Receivable, Gross	$ 329,100	$ 208,400
ConcentrationRiskPercentage	40.00%	39.00%
Unbilled Receivables, Not Billable	$ 180,000	$ 89,300

INVENTORIES (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Inventory, Net [Abstract]
Raw material	$ 214,442	$ 191,855
Work-in-process	74,536	73,937
Finished goods and component parts	143,016	114,307
Inventory costs related to U.S. Government and other long-term contracts	54,195	65,150
Gross inventories	486,189	445,249
Less: Inventory reserves	(55,776)	(54,638)
Progress payments applied, principally related to long-term contracts	(6,987)	(11,745)
Inventories, net	$ 423,426	$ 378,866

INVENTORIES (Narrative) (Detail) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Inventory, Net [Abstract]
Other Inventory, Capitalized Costs	$ 44.4	$ 35.0
Other Inventory Capitalized Costs To Be Liquidated Under Firm Orders	$ 18.7	$ 5.4

PROPERTY, PLANT, AND EQUIPMENT (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
land	$ 18,548	$ 19,947
BuildingsAndImprovementsGross	226,743	234,539
MachineryAndEquipmentGross	801,169	783,430
Property, Plant and Equipment, Gross, Total	1,046,460	1,037,916
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	(671,800)	(647,681)
Property, plant, and equipment, net	$ 374,660	$ 390,235	$ 388,903

PROPERTY, PLANT, AND EQUIPMENT (Narrative) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Depreciation	$ 59.4	$ 61.6	$ 62.6

GOODWILL (Detail) - USD ($) $ in Thousands	12 Months Ended
GOODWILL (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Goodwill [Line Items]
Goodwill	$ 1,096,329	$ 951,057
Acquisitions	(9,928)	(116,154)
Divestitures	(1,705)	(1,815)
Goodwill, Translation Adjustments	(16,520)	30,933
Goodwill	1,088,032	1,096,329
Commercial/Industrial
Goodwill [Line Items]
Goodwill	448,531	436,141
Acquisitions		(2,677)
Divestitures	(111)	(1,168)
Goodwill, Translation Adjustments	(6,405)	10,881
Goodwill	442,015	448,531
Defense
Goodwill [Line Items]
Goodwill	460,332	327,655
Acquisitions		113,477
Divestitures	(1,594)	(647)
Goodwill, Translation Adjustments	(9,867)	19,847
Goodwill	448,871	460,332
Power
Goodwill [Line Items]
Goodwill	187,466	187,261
Acquisitions	9,928
Goodwill, Translation Adjustments	(248)	205
Goodwill	$ 197,146	$ 187,466

OTHER INTANGIBLE ASSETS, NET (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Finite Lived Intangible Assets Gross	$ 781,384	$ 651,310
Finite Lived Intangible Assets Accumulated Amortization	(351,817)	(321,642)
Other intangible assets, net	429,567	329,668
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Finite Lived Intangible Assets Gross	238,212	243,440
Finite Lived Intangible Assets Accumulated Amortization	(123,156)	(114,036)
Other intangible assets, net	115,056	129,404
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite Lived Intangible Assets Gross	358,832	367,230
Finite Lived Intangible Assets Accumulated Amortization	(193,455)	(180,580)
Other intangible assets, net	165,377	186,650
Contract and Program Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite Lived Intangible Assets Gross	144,000
Finite Lived Intangible Assets Accumulated Amortization	(5,400)
Other intangible assets, net	138,600
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite Lived Intangible Assets Gross	40,340	40,640
Finite Lived Intangible Assets Accumulated Amortization	(29,806)	(27,026)
Other intangible assets, net	$ 10,534	$ 13,614

OTHER INTANGIBLE ASSETS, NET (Amort) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 43,600	$ 38,400	$ 33,400
Future Amortization Expense Year One	43,488
Future Amortization Expense Year Two	41,576
Future Amortization Expense Year Three	39,826
Future Amortization Expense Year Four	37,312
Future Amortization Expense Year Five	$ 33,641

OTHER INTANGIBLE ASSETS, NET OTHER INTANGIBLE ASSETS, NET (Narrative) (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2018 USD ($)
Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 146.1
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	1 year
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 1.8
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 years 4 months 27 days
Contract and Program Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 144.0
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	20 years
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 0.3
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	8 years

FAIR VALUE OF FINANCIAL INSTRUMENTS (Income Loss) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
General and Administrative Expense [Member]
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	$ 6,643	$ (346)	$ 11,510

FAIR VALUE OF FINANCIAL INSTRUMENTS (Debt Narrative) (Detail) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Estimated Fair Value
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Amount	$ 750	$ 822
Carrying Value
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Amount	$ 749	$ 799

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Accrued Expenses) (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Accrued Liabilities, Current [Abstract]
Accrued compensation	$ 118,479	$ 108,268
Accrued commissions	7,769	6,296
Accrued interest	8,944	9,894
Accrued insurance	6,951	7,015
Other Accrued Liabilities, Current	24,811	18,933
Accrued expenses	$ 166,954	$ 150,406

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Other Current Liabilities) (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Accrued Liabilities, Current [Abstract]
Warranty	$ 17,293	$ 14,212
Additional amounts due to sellers on acquisitions	233	1,941
Reserves on loss contracts	2,487	1,418
Pension and other postretirement liabilities	6,528	5,060
Other Sundry Liabilities, Current	18,288	13,179
Other current liabilities	$ 44,829	$ 35,810

INCOME TAXES INCOME TAXES (Tax Cuts and Jobs Act) (Detail) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)
Income Tax Disclosure [Abstract]
Provision for income taxes		$ 13.4
Net deferred tax liabilities		13.4
Transition tax on foreign earnings		18.2
Deferred tax liabilities prior to tax assessment		5.5
Income tax liability on transition tax			$ 23.7
Finalized transition tax due to TCJA		23.6
Period of finalized transition tax	8
Amount of taxes paid due to TCJA		1.9
Operating loss carryforwards			12.7
Transition tax liability due to operating loss carryforward			9.0
Provisional undistributed income tax expense		3.8
Additional tax expense on foreign withholding taxes		$ 9.3	$ 6.5

INCOME TAXES (Income Before Income Tax) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Domestic	$ 217,374	$ 179,006	$ 154,571
Foreign	138,865	120,613	113,390
Earnings before income taxes	$ 356,239	$ 299,619	$ 267,961

INCOME TAXES (Provision for Income Taxes) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Federal	$ 37,648	$ 54,963	$ 45,523
State	9,228	2,648	8,002
Foreign	25,285	23,162	20,861
Current Income Tax Expense (Benefit), Total	72,161	80,773	74,386
Federal	8,518	2,595	4,267
State	(1,047)	4,282	73
Foreign	858	(2,922)	(147)
Deferred Income Tax Expense (Benefit), Total	8,329	3,955	4,193
Provision for income taxes	$ 80,490	$ 84,728	$ 78,579

INCOME TAXES (Effective Income Tax Rate Reconciliation) (Detail)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
U.S. federal statutory tax rate	21.00%	35.00%	35.00%
State and local taxes, net of federal benefit	2.20%	1.80%	1.10%
R&D tax credits	(1.00%)	(1.30%)	(0.90%)
Foreign rate differential	0.90%	(6.00%)	(5.80%)
Share-based Compensation Cost	(1.30%)	(2.60%)
Tax Cuts & Jobs Act	1.80%	3.40%
All other, net	(1.00%)	(2.00%)	(0.10%)
Effective tax rate	22.60%	28.30%	29.30%

INCOME TAXES (Deferred Tax Assets and Liabilties) (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Deferred tax assets:
Pension plans	$ 28,020	$ 18,903
Environmental reserves	8,613	7,109
Inventory	14,154	15,116
Postretirement/postemployment benefits	7,636	8,241
Incentive compensation	8,472	7,721
Net operating loss	9,868	10,908
Capital Loss Carryforwards	6,972	7,047
Other	27,795	28,775
Total deferred tax assets	111,530	103,820
Deferred tax liabilities:
Depreciation	24,983	19,586
Goodwill amortization	70,850	67,779
Other intangible amortization	33,600	38,252
Withholding Taxes	10,300	3,800
Other	5,345	8,836
Total deferred tax liabilities	145,078	138,253
Valuation allowance	11,646	12,322
Deferred Tax Liabilities, Net	$ 45,194	$ 46,755

INCOME TAXES (Net Deferred Tax Assets and Liabilities) (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Net noncurrent deferred tax assets	$ 1,927	$ 2,605
Net noncurrent deferred tax liabilities	47,121	49,360
Deferred Tax Liabilities, Net	$ 45,194	$ 46,755

INCOME TAXES (Unrecognized Tax Benefits) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits (beginning balance)	$ 13,174	$ 11,454	$ 12,414
Additions for tax positions of prior periods	88	1,069	32
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions	(290)	(194)	(1,679)
Additions for tax positions related to the current year	1,036	1,273	789
Settlements	(445)	(428)	(102)
Unrecognized tax benefits (ending balance)	$ 13,563	$ 13,174	$ 11,454

INCOME TAXES (Open Tax Years) (Detail)	12 Months Ended
INCOME TAXES (Open Tax Years) (Detail)	Dec. 31, 2018
United States (Various states)
IncomeTaxContingencyLineItems
Open Tax Year	2007
Internal Revenue Service (IRS) \| United States (Federal)
IncomeTaxContingencyLineItems
Open Tax Year	2015
United Kingdom \| Foreign Tax Authority
IncomeTaxContingencyLineItems
Open Tax Year	2011
Canada \| Foreign Tax Authority
IncomeTaxContingencyLineItems
Open Tax Year	2012

INCOME TAXES (Narrative) (Detail) - USD ($) $ in Thousands	12 Months Ended
INCOME TAXES (Narrative) (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
OperatingLossCarryforwardsLineItems
Operating loss carryforward	$ 16,800
Valuation allowance increase	(676)
Valuation allowance	11,646	$ 12,322
Income tax payments	79,100	92,100	$ 54,500
Unrecognized tax benefits that would affect the effective income tax rate	11,000	$ 10,100	$ 7,700
Foreign Tax Authority
OperatingLossCarryforwardsLineItems
Operating loss carryforwards related to international operations	19,200
Indefinite lived operating loss carryforwards,	16,400
Operating loss carryforwards subject to expiration	$ 2,800
Operating loss carryforward, expiration date	Dec. 31, 2027
State And Local Jurisdiction [Member]
OperatingLossCarryforwardsLineItems
Operating loss carryforwards subject to expiration	$ 71,100
Operating loss carryforward, expiration date	Dec. 31, 2037
Operating loss carryforwards state and local	$ 102,200
Capital Loss Carryforward [Member]
OperatingLossCarryforwardsLineItems
Tax Credit Carryforward, Amount	$ 31,100
Capital loss carryforwards expiration date	Dec. 31, 2020
Other Liabilities [Member]
OperatingLossCarryforwardsLineItems
Interest on income taxes accrued	$ 3,200
Income tax penalties accrued	$ 1,700

DEBT (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Long-term Debt	$ 762,556	$ 814,139
Long Term Debt Fair Value	763,316	836,654
Long-term Debt, Gross	750,243	800,150
Debt issuance costs, net	(714)	(831)
Unamortized interest rate swap proceeds	13,027	14,820
Less: current portion of long-term debt and short-term debt	243	150
Total long-term debt	762,313	813,989
Long-term Debt, gross [Member]
Debt Instrument [Line Items]
Long Term Debt Fair Value	751,003	822,665
Carrying Value
Debt Instrument [Line Items]
Less: current portion of long-term debt and short-term debt	243	150
Total long-term debt	762,313	813,989
Carrying Value \| 3.84% Senior notes due 2021
Debt Instrument [Line Items]
Long-term Debt	100,000	100,000
Carrying Value \| 3.70% Senior notes due 2023
Debt Instrument [Line Items]
Long-term Debt	202,500	225,000
Carrying Value \| 3.85% Senior notes due 2025
Debt Instrument [Line Items]
Long-term Debt	90,000	100,000
Carrying Value \| 4.24% Senior notes due 2026
Debt Instrument [Line Items]
Long-term Debt	200,000	200,000
Carrying Value \| 4.05% Senior notes due 2028
Debt Instrument [Line Items]
Long-term Debt	67,500	75,000
Carrying Value \| 4.11% Senior notes due 2028
Debt Instrument [Line Items]
Long-term Debt	90,000	100,000
Carrying Value \| Other debt
Debt Instrument [Line Items]
Long-term Debt	243	150
Estimated Fair Value
Debt Instrument [Line Items]
Less: current portion of long-term debt and short-term debt	243	150
Total long-term debt	763,073	836,504
Estimated Fair Value \| 3.84% Senior notes due 2021
Debt Instrument [Line Items]
Long Term Debt Fair Value	100,359	102,472
Estimated Fair Value \| 3.70% Senior notes due 2023
Debt Instrument [Line Items]
Long Term Debt Fair Value	201,813	228,783
Estimated Fair Value \| 3.85% Senior notes due 2025
Debt Instrument [Line Items]
Long Term Debt Fair Value	89,711	102,164
Estimated Fair Value \| 4.24% Senior notes due 2026
Debt Instrument [Line Items]
Long Term Debt Fair Value	202,288	208,873
Estimated Fair Value \| 4.05% Senior notes due 2028
Debt Instrument [Line Items]
Long Term Debt Fair Value	66,942	76,997
Estimated Fair Value \| 4.11% Senior notes due 2028
Debt Instrument [Line Items]
Long Term Debt Fair Value	89,647	103,226
Estimated Fair Value \| Other debt
Debt Instrument [Line Items]
Long Term Debt Fair Value	$ 243	$ 150

DEBT (Maturity) (Detail) $ in Thousands	Dec. 31, 2018 USD ($)
Debt Instruments [Abstract]
Repayments of Principal in Next Twelve Months	$ 243
Repayments of Principal in Year Two	0
Repayments of Principal in Year Three	100,000
Repayments of Principal in Year Four	0
Repayments of Principal in Year Five	202,500
Repayments of Principal Thereafter	447,500
Total	$ 750,243

DEBT (Narrative) (Detail) - USD ($) $ in Thousands	12 Months Ended
DEBT (Narrative) (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Sep. 26, 2013	Feb. 26, 2013	Dec. 08, 2011
Debt Instrument [Line Items]
Interest payments made	$ 32,000	$ 39,000	$ 38,000
Interest rate description	Borrowings under the credit agreement will accrue interest based on (i) Libor or (ii) a base rate of the highest of (a) the federal funds rate plus 0.5%, (b) BofA’s announced prime rate, or (c) the Eurocurrency rate plus 1%, plus a margin. The interest rate and level of facility fees are dependent on certain financial ratios, as defined in the Credit Agreement. The Credit Agreement also provides customary fees, including administrative agent and commitment fees. In connection with the Credit Agreement, the Corporation paid customary transaction fees that have been deferred and are being amortized over the term of the Credit Agreement.
Repayments of Long-term Debt	$ 50,000	150,000	0
Debt to capitalization limit	60.00%
Other Operating Activities, Cash Flow Statement	$ 0	0	$ 20,405
2013 Senior Notes
Debt Instrument [Line Items]
Date of issuance	Feb. 26, 2013
Issued amount of debt					$ 500,000
Repayments of Long-term Debt	$ 50,000
3.70% Senior notes due 2023
Debt Instrument [Line Items]
Issued amount of debt					$ 225,000
Date of maturity	Feb. 26, 2023
Stated interest rate					3.70%
3.85% Senior notes due 2025
Debt Instrument [Line Items]
Issued amount of debt					$ 100,000
Date of maturity	Feb. 26, 2025
Stated interest rate					3.85%
4.05% Senior notes due 2028
Debt Instrument [Line Items]
Issued amount of debt					$ 75,000
Date of maturity	Feb. 26, 2028
Stated interest rate					4.05%
4.11% Senior notes due 2028
Debt Instrument [Line Items]
Date of issuance	Sep. 26, 2013
Issued amount of debt				$ 100,000
Date of maturity	Sep. 26, 2028
Stated interest rate				4.11%
2011 Notes
Debt Instrument [Line Items]
Date of issuance	Dec. 08, 2011
Issued amount of debt						$ 300,000
3.84% Senior notes due 2021
Debt Instrument [Line Items]
Issued amount of debt						$ 100,000
Date of maturity	Dec. 01, 2021
Stated interest rate						3.84%
4.24% Senior notes due 2026
Debt Instrument [Line Items]
Issued amount of debt						$ 200,000
Date of maturity	Dec. 01, 2026
Stated interest rate						4.24%
Revolving credit facility
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 500,000
Line Of Credit Facility Additional Borrowing Capacity	200,000	100,000
Standby letters of credit
Debt Instrument [Line Items]
Letters of credit	$ 21,700	$ 21,300
Revolving credit facility
Debt Instrument [Line Items]
Weighted-average interest rate	3.20%
Unused credit available under the credit facility	$ 478,000
Long-term debt
Debt Instrument [Line Items]
Weighted-average interest rate	3.70%	3.90%
Unused credit available under the credit facility	$ 1,400,000

EARNINGS PER SHARE (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Earnings Per Share Reconciliation [Abstract]
Basic	43,892	44,182	44,389
Dilutive effect of stock options and deferred stock compensation	424	579	656
Diluted	44,316	44,761	45,045
Earnings from continuing operations	$ 6.28	$ 4.86	$ 4.27
Earnings from continuing operations	$ 6.22	$ 4.80	$ 4.20
Earnings from continuing operations	$ 275,749	$ 214,891	$ 189,382

- Definition

The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period.

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+ Details

- Definition

The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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+ Details

EARNINGS PER SHARE (AntiDilutive) (Detail) - shares	12 Months Ended
EARNINGS PER SHARE (AntiDilutive) (Detail) - shares	Dec. 31, 2018	Dec. 31, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount	0	0

SHARE-BASED COMPENSATION PLANS (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation [Abstract]
Employee Stock Purchase Plan	$ 1,435	$ 1,207	$ 1,184
Performance Share Units	4,746	4,340	3,910
Restricted Share Units	7,026	4,931	3,426
Other share-based payments	887	1,094	958
Total share-based compensation expense before income taxes	$ 14,094	$ 11,572	$ 9,478

SHARE-BASED COMPENSATION PLANS (Cash Proceeds and Tax Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation [Abstract]
Cash received from share-based awards	$ 11,940	$ 14,179	$ 22,300

SHARE-BASED COMPENSATION PLANS (LTI) (Detail) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2018 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding (in shares) \| shares	264
Exercised (in shares) \| shares	(105)
Outstanding (in shares) \| shares	158
Forfeited (in shares) \| shares	(1)
Exercisable (in shares) \| shares	158
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding (in dollars per share) \| $ / shares	$ 30.30
Exercised (in dollars per share) \| $ / shares	30.23
Forfeited (in dollars per shares) \| $ / shares	30.12
Outstanding (in dollars per share) \| $ / shares	30.34
Exercisable (in dollars per share) \| $ / shares	$ 30.34
Outstanding, weighted-average remaining contractual term in years	1 year 5 months 15 days
Exercisable. weighted-average remaining contractual term in years	1 year 5 months 15 days
Outstanding, aggregate intrinsic value \| $	$ 11,345
Exercisable, aggregate intrinsic value \| $	$ 11,345

SHARE-BASED COMPENSATION PLANS (Restricted Units) (Detail) shares in Thousands	12 Months Ended
	Dec. 31, 2018 $ / shares shares
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding (in shares) \| shares	169
Granted (in shares) \| shares	47
Vested (in shares) \| shares	(77)
Forfeited (in shares) \| shares	(2)
Outstanding (in shares) \| shares	137
Expected to vest (in shares) \| shares	137
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding (in dollars per share) \| $ / shares	$ 75.19
Granted (in dollars per share) \| $ / shares	135.46
Vested (in dollars per share) \| $ / shares	147.26
Forfeited (in dollars per share) \| $ / shares	95.92
Outstanding (in dollars per share) \| $ / shares	54.66
Expected to vest (in dollars per share) \| $ / shares	$ 54.66
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding (in shares) \| shares	135
Granted (in shares) \| shares	75
Vested (in shares) \| shares	(93)
Outstanding (in shares) \| shares	117
Expected to vest (in shares) \| shares	117
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding (in dollars per share) \| $ / shares	$ 75.51
Granted (in dollars per share) \| $ / shares	126.46
Vested (in dollars per share) \| $ / shares	83.52
Outstanding (in dollars per share) \| $ / shares	101.70
Expected to vest (in dollars per share) \| $ / shares	$ 101.70

SHARE-BASED COMPENSATION PLANS (Narrative) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock authorized	100,000,000	100,000,000
2014 Omnibus Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock authorized	2,400,000
Non Qualfied Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of stock options exercised	$ 10.1	$ 12.7	$ 20.6
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding	12.0
Unrecognized compensation cost	$ 6.8
Unrecognized compensation expense, period of recognition	1 year 4 months 1 day
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding	$ 14.0
Requisite service period	3 years
Unrecognized compensation cost	$ 6.7
Unrecognized compensation expense, period of recognition	1 year 10 months 10 days
Employee Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Purchase price percentage of fair market value	85.00%

PENSION AND POSTRETIREMENT BENEFITS (Narrative) (Detail) $ in Thousands		12 Months Ended
	Feb. 13, 2018 USD ($)	Dec. 31, 2019	Dec. 31, 2018 USD ($) pension_plan	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Number of pension and other post retirement defined benefit plans \| pension_plan			10
Domestic plans \| pension_plan			3
Foreign plans \| pension_plan			7
Domestic Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Funded percentage			88.00%
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Total projected benefit obligation			$ 814,894	$ 868,887	$ 798,605
Contributions made by employer			$ 55,311	$ 4,561
Discount rate			4.09%	3.46%
Curtailment charge			$ 337	$ 327	0
Expected return on assets assumption			7.47%	7.47%
Pension Plan [Member] \| Domestic Plan [Member] \| Cash And Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets as a percentage of consolidated assets			6.00%
Pension Plan [Member] \| Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets as a percentage of consolidated assets			12.00%
Expected return on assets assumption			4.50%
Pension Plan [Member] \| Foreign Plan [Member] \| United Kingdom [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of pension and other post retirement defined benefit plans \| pension_plan			1
Pension Plan [Member] \| Foreign Plan [Member] \| Germany [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of pension and other post retirement defined benefit plans \| pension_plan			2
EMD [Member]
Defined Benefit Plan Disclosure [Line Items]
Percent of employees' gross pay withheld			1.50%
Parent Company's Retirement Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of years of service			1 year
Period after which accruals will cease			15 years
Vesting period			3 years
Parent Company's Retirement Benefit Plan [Member] \| Domestic Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions			$ 1,600
Liability, Other Retirement Benefits, Noncurrent			(22,000)	$ (25,000)
Parent Company's Retirement Benefit Plan [Member] \| Other Pension, Postretirement and Supplemental Plans [Member] \| United States [Member]
Defined Benefit Plan Disclosure [Line Items]
Expense relating to the defined contribution plan			14,400
Defined Contribution Plan, Employer Discretionary Contribution Amount			6,300
Defined Contribution Plans, Non-Elective Estimated Future Employer Contributions in Next Fiscal Year			8,100
Defined Contribution Plans, Estimated Future Employer Contributions in Next Fiscal Year			81,000
Parent Company's Retirement Benefit Plan [Member] \| Other Pension, Postretirement and Supplemental Plans [Member] \| Non-US [Member]
Defined Benefit Plan Disclosure [Line Items]
Pension Cost (Reversal of Cost)			5,300	4,200	$ 4,200
Parent Company's Retirement Benefit Plan [Member] \| Other Pension Plan [Member] \| Domestic Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Noncurrent pension liability				48,700
Foreign Company's Retirement Benefit Plan [Member] \| Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions			2,300
Total projected benefit obligation			83,500	97,400
Other Assets, Noncurrent			$ 2,700
Liability, Other Retirement Benefits, Noncurrent				(1,500)
Other Pension Plan [Member] \| Foreign Plan [Member] \| Switzerland [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of pension and other post retirement defined benefit plans \| pension_plan			1
Other Pension Plan [Member] \| Parent Company's Retirement Benefit Plan [Member] \| Domestic Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions				4,600
Noncurrent pension liability			$ 52,800
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Contributions made by employer	$ 50,000
Pension Plan [Member] \| Foreign Plan [Member] \| Mexico [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of pension and other post retirement defined benefit plans \| pension_plan			2
Pension Plan [Member] \| Foreign Plan [Member] \| Switzerland [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of pension and other post retirement defined benefit plans \| pension_plan			1
Pension Plan [Member] \| Foreign Plan [Member] \| Canada [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of pension and other post retirement defined benefit plans \| pension_plan			1
Pension Plan [Member] \| Parent Company's Retirement Benefit Plan [Member] \| Domestic Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Noncurrent pension liability			$ 26,600	$ 45,100
Subsequent Event [Member] \| Parent Company's Retirement Benefit Plan [Member] \| Other Pension, Postretirement and Supplemental Plans [Member] \| Maximum [Member] \| United States [Member]
Defined Benefit Plan Disclosure [Line Items]
Maximum employer contribution match percentage		7.00%

PENSION PLANS (Detail) - USD ($) $ in Thousands	12 Months Ended
PENSION PLANS (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 27,116	$ 25,093	$ 25,100
Interest cost	26,149	25,895	30,495
Expected return on plan assets	(58,641)	(53,552)	(54,101)
Prior service cost	(252)	(100)	(46)
Recognized net actuarial loss	16,867	12,925	12,029
Curtailment charge	337	327	0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	11,576	10,588	13,477
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	490	435	338
Interest cost	719	762	996
Prior service cost	(656)	(656)	(657)
Recognized net actuarial loss	(131)	(223)	(296)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	$ 422	$ 318	$ 381

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
DefinedBenefitPlanChangeInBenefitObligationRollForward
Defined Benefit Plan, Benefit Obligation, (Increase) Decrease for Settlement	$ (2,228)	$ (4,151)
Pension Plan [Member]
DefinedBenefitPlanChangeInBenefitObligationRollForward
Defined Benefit Plan, Benefit Obligation, Beginning Balance	868,887	798,605
Service cost	27,116	25,093	$ 25,100
Interest cost	26,149	25,895	30,495
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	(58,641)	(53,552)	(54,101)
Prior service cost	(252)	(100)	(46)
Defined Benefit Plan, Amortization of Gain (Loss)	16,867	12,925	12,029
Curtailment charge	337	327	0
DefinedBenefitPlanContributionsByPlanParticipants	1,402	1,655
DefinedBenefitPlanActuarialGainLoss	58,913	(56,727)
DefinedBenefitPlanBenefitsPaid	(41,962)	(41,233)
Defined Benefit Plan, Actual Expense	(1,371)	(1,301)
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation	(4,186)	7,597
Defined Benefit Plan, Benefit Obligation, Ending Balance	814,894	868,887	798,605
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	11,576	10,588	13,477
Other Postretirement Benefits Plan [Member]
DefinedBenefitPlanChangeInBenefitObligationRollForward
Defined Benefit Plan, Benefit Obligation, Beginning Balance	25,035	24,436
Service cost	490	435	338
Interest cost	719	762	996
Prior service cost	(656)	(656)	(657)
Defined Benefit Plan, Amortization of Gain (Loss)	(131)	(223)	(296)
DefinedBenefitPlanContributionsByPlanParticipants	319	253
DefinedBenefitPlanActuarialGainLoss	1,982	(2,056)
DefinedBenefitPlanBenefitsPaid	(2,521)	(2,907)
Defined Benefit Plan, Benefit Obligation, Ending Balance	22,060	25,035	24,436
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	$ 422	$ 318	$ 381

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Plan Asset) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
DefinedBenefitPlanChangeInFairValueOfPlanAssetsRollForward
Defined Benefit Plan, Fair Value of Plan Assets, Beginning Balance	$ (776,482)
Defined Benefit Plan, Fair Value of Plan Assets, Ending Balance	738,296	$ 776,482
DefinedBenefitPlanAmountsRecognizedInBalanceSheetAbstract
Pension and other postretirement liabilities	(6,528)	(5,060)
Accrued pension and other postretirement benefit costs	(101,227)	(121,043)
Pension Plan [Member]
DefinedBenefitPlanChangeInFairValueOfPlanAssetsRollForward
Defined Benefit Plan, Fair Value of Plan Assets, Beginning Balance	(776,482)	(714,608)
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Actual Return (Loss)	(44,876)	94,960
Contributions made by employer	55,311	4,561
DefinedBenefitPlanContributionsByPlanParticipants	1,402	1,655
DefinedBenefitPlanBenefitsPaid	(44,190)	(45,384)
DefinedBenefitPlanSettlementsPlanAssets	(1,371)	(1,301)
DefinedBenefitPlanForeignCurrencyExchangeRateChangesPlanAssets	(4,462)	7,383
Defined Benefit Plan, Fair Value of Plan Assets, Ending Balance	738,296	776,482
DefinedBenefitPlanFundedStatusOfPlan	(76,598)	(92,405)
DefinedBenefitPlanAmountsRecognizedInBalanceSheetAbstract
Assets for Plan Benefits, Defined Benefit Plan	9,098	8,663
Pension and other postretirement liabilities	(4,905)	(3,374)
Accrued pension and other postretirement benefit costs	(80,791)	(97,694)
DefinedBenefitPlanAmountsRecognizedInBalanceSheet	(76,598)	(92,405)
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTaxAbstract
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax	228,430	201,390
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax	(1,225)	(1,461)
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax	227,205	199,929
DefinedBenefitPlanAmountsThatWillBeAmortizedFromAccumulatedOtherComprehensiveIncomeLossInNextFiscalYearAbstract
DefinedBenefitPlanAmortizationOfNetGainsLosses	10,368	15,615
DefinedBenefitPlanAmortizationOfNetPriorServiceCostCredit	(284)	(250)
DefinedBenefitPlanAccumulatedBenefitObligation	784,205	834,745
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAbstract
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation	743,632	785,039
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation	714,146	752,371
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets	658,327	684,756
Assets for Plan Benefits, Defined Benefit Plan	9,098	8,663
Other Postretirement Benefits Plan [Member]
DefinedBenefitPlanChangeInFairValueOfPlanAssetsRollForward
Contributions made by employer	2,203	2,654
DefinedBenefitPlanContributionsByPlanParticipants	319	253
DefinedBenefitPlanBenefitsPaid	(2,522)	(2,907)
DefinedBenefitPlanFundedStatusOfPlan	(22,060)	(25,035)
DefinedBenefitPlanAmountsRecognizedInBalanceSheetAbstract
Pension and other postretirement liabilities	(1,623)	(1,686)
Accrued pension and other postretirement benefit costs	(20,437)	(23,349)
DefinedBenefitPlanAmountsRecognizedInBalanceSheet	(22,060)	(25,035)
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTaxAbstract
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax	(4,751)	(2,899)
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax	(2,060)	(2,718)
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax	(6,811)	(5,617)
DefinedBenefitPlanAmountsThatWillBeAmortizedFromAccumulatedOtherComprehensiveIncomeLossInNextFiscalYearAbstract
DefinedBenefitPlanAmortizationOfNetGainsLosses	131	(29)
DefinedBenefitPlanAmortizationOfNetPriorServiceCostCredit	$ (657)	$ (657)

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Plan Assumptions) (Detail)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Pension Plan [Member]
DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingBenefitObligationAbstract
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	4.09%	3.46%
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease	3.50%	3.55%
DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingNetPeriodicBenefitCostAbstract
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate	3.46%	3.93%
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets	7.47%	7.47%
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease	3.50%	3.54%
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate Net Periodic	2026	2026
DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingBenefitObligationAbstract
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	4.20%	3.54%
DefinedBenefitPlanAssumedHealthCareCostTrendRatesAbstract
DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYear	7.85%	8.30%
DefinedBenefitPlanUltimateHealthCareCostTrendRate	4.50%	4.50%
DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingNetPeriodicBenefitCostAbstract
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate	3.54%	4.02%
Defined Benefit Plan Assumed Health Care Cost Trend Rates Net Periodic [Abstract]
Defined Benefit Plan Health Care Cost Trend Rate Assumed for Next Fiscal Year Net Periodic	8.30%	8.25%
Defined Benefit Plan Ultimate Health Care Cost Trend Rate Net Periodic	4.50%	4.50%

PENSION (Percentage) (Detail) $ in Thousands	12 Months Ended
PENSION (Percentage) (Detail) $ in Thousands	Dec. 31, 2018 USD ($)
Defined Benefit Plan, Effect of One-Percentage Point Change in Assumed Health Care Cost Trend Rate [Abstract]
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnServiceAndInterestCostComponents	$ 29
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnServiceAndInterestCostComponents	(23)
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligation	331
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnAccumulatedPostretirementBenefitObligation	$ (272)

PENSION (Asset Class) (Detail)	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
DefinedBenefitPlanTargetPlanAssetAllocations	15.00%
Domestic Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
DefinedBenefitPlanWeightedAverageAssetAllocations	48.00%	52.00%
DefinedBenefitPlanTargetPlanAssetAllocations	50.00%
International Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
DefinedBenefitPlanWeightedAverageAssetAllocations	15.00%	15.00%
EquitySecuritiesMember
Defined Benefit Plan Disclosure [Line Items]
DefinedBenefitPlanWeightedAverageAssetAllocations	63.00%	67.00%
DefinedBenefitPlanTargetPlanAssetAllocations	65.00%
FixedIncomeFundsMember
Defined Benefit Plan Disclosure [Line Items]
DefinedBenefitPlanWeightedAverageAssetAllocations	37.00%	33.00%
DefinedBenefitPlanTargetPlanAssetAllocations	35.00%
Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
DefinedBenefitPlanTargetPlanAssetAllocations	10.00%
Minimum [Member] \| Domestic Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
DefinedBenefitPlanTargetPlanAssetAllocations	40.00%
Minimum [Member] \| EquitySecuritiesMember
Defined Benefit Plan Disclosure [Line Items]
DefinedBenefitPlanTargetPlanAssetAllocations	55.00%
Minimum [Member] \| FixedIncomeFundsMember
Defined Benefit Plan Disclosure [Line Items]
DefinedBenefitPlanTargetPlanAssetAllocations	25.00%
Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
DefinedBenefitPlanTargetPlanAssetAllocations	20.00%
Maximum [Member] \| Domestic Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
DefinedBenefitPlanTargetPlanAssetAllocations	60.00%
Maximum [Member] \| EquitySecuritiesMember
Defined Benefit Plan Disclosure [Line Items]
DefinedBenefitPlanTargetPlanAssetAllocations	75.00%
Maximum [Member] \| FixedIncomeFundsMember
Defined Benefit Plan Disclosure [Line Items]
DefinedBenefitPlanTargetPlanAssetAllocations	45.00%

PENSION (Fair Value) (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	$ 738,296	$ 776,482
Cash And Cash Equivalents [Member]
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	42,261	42,374
EquitySecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	446,434	504,633
DebtSecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	238,880	216,372
Alternative Investments [Member]
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	8,408	10,912
Other Assets [Member]
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	2,313	2,191
FairValueInputsLevel1Member
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	602,274	617,991
FairValueInputsLevel1Member \| Cash And Cash Equivalents [Member]
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	20,034	12,551
FairValueInputsLevel1Member \| EquitySecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	404,509	455,175
FairValueInputsLevel1Member \| DebtSecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	177,731	150,265
FairValueInputsLevel2Member
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	125,301	145,388
FairValueInputsLevel2Member \| Cash And Cash Equivalents [Member]
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	22,227	29,823
FairValueInputsLevel2Member \| EquitySecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	41,925	49,458
FairValueInputsLevel2Member \| DebtSecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	61,149	66,107
FairValueInputsLevel3Member
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	10,721	13,103	$ 12,378
FairValueInputsLevel3Member \| Alternative Investments [Member]
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	8,408	10,912
FairValueInputsLevel3Member \| Insurance Contracts [Member]
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	8,408	10,912	10,760
FairValueInputsLevel3Member \| Other Assets [Member]
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	$ 2,313	$ 2,191	$ 1,618

PENSION (Plan Assets) (Detail) - USD ($) $ in Thousands	12 Months Ended
PENSION (Plan Assets) (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems
Defined Benefit Plan, Fair Value of Plan Assets, Beginning Balance	$ (776,482)
Defined Benefit Plan, Fair Value of Plan Assets, Ending Balance	738,296	$ 776,482
FairValueInputsLevel3Member
FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems
Defined Benefit Plan, Fair Value of Plan Assets, Beginning Balance	(13,103)	(12,378)
DefinedBenefitPlanActualReturnOnPlanAssetsStillHeld	150	226
DefinedBenefitPlanPurchasesSalesAndSettlements	(2,443)	(68)
DefinedBenefitPlanForeignCurrencyExchangeRateChangesPlanAssets	(89)	567
Defined Benefit Plan, Fair Value of Plan Assets, Ending Balance	10,721	13,103
Insurance Contracts [Member] \| FairValueInputsLevel3Member
FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems
Defined Benefit Plan, Fair Value of Plan Assets, Beginning Balance	(10,912)	(10,760)
DefinedBenefitPlanActualReturnOnPlanAssetsStillHeld	163	167
DefinedBenefitPlanPurchasesSalesAndSettlements	(2,595)	(503)
DefinedBenefitPlanForeignCurrencyExchangeRateChangesPlanAssets	(72)	488
Defined Benefit Plan, Fair Value of Plan Assets, Ending Balance	8,408	10,912
Other Assets [Member]
FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems
Defined Benefit Plan, Fair Value of Plan Assets, Beginning Balance	(2,191)
Defined Benefit Plan, Fair Value of Plan Assets, Ending Balance	2,313	2,191
Other Assets [Member] \| FairValueInputsLevel3Member
FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems
Defined Benefit Plan, Fair Value of Plan Assets, Beginning Balance	(2,191)	(1,618)
DefinedBenefitPlanActualReturnOnPlanAssetsStillHeld	(13)	58
DefinedBenefitPlanPurchasesSalesAndSettlements	152	436
DefinedBenefitPlanForeignCurrencyExchangeRateChangesPlanAssets	(17)	79
Defined Benefit Plan, Fair Value of Plan Assets, Ending Balance	$ 2,313	$ 2,191

PENSION (Future Service) (Detail) $ in Thousands	Dec. 31, 2018 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Benefit Payment, Next Twelve Months	$ 50,429
Defined Benefit Plan, Expected Future Benefit Payment, Year Two	50,606
Defined Benefit Plan, Expected Future Benefit Payment, Year Three	52,307
Defined Benefit Plan, Expected Future Benefit Payment, Year Four	52,975
Defined Benefit Plan, Expected Future Benefit Payment, Year Five	54,037
Defined Benefit Plan, Expected Future Benefit Payment, Five Fiscal Years Thereafter	283,347
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Benefit Payment, Next Twelve Months	48,806
Defined Benefit Plan, Expected Future Benefit Payment, Year Two	48,976
Defined Benefit Plan, Expected Future Benefit Payment, Year Three	50,691
Defined Benefit Plan, Expected Future Benefit Payment, Year Four	51,360
Defined Benefit Plan, Expected Future Benefit Payment, Year Five	52,418
Defined Benefit Plan, Expected Future Benefit Payment, Five Fiscal Years Thereafter	275,736
Domestic Plan [Member] \| Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Benefit Payment, Next Twelve Months	1,623
Defined Benefit Plan, Expected Future Benefit Payment, Year Two	1,630
Defined Benefit Plan, Expected Future Benefit Payment, Year Three	1,616
Defined Benefit Plan, Expected Future Benefit Payment, Year Four	1,615
Defined Benefit Plan, Expected Future Benefit Payment, Year Five	1,619
Defined Benefit Plan, Expected Future Benefit Payment, Five Fiscal Years Thereafter	$ 7,611

LEASES (Detail) $ in Thousands	Dec. 31, 2018 USD ($)
Leases [Abstract]
OperatingLeasesFutureMinimumPaymentsDueCurrent	$ 29,562
OperatingLeasesFutureMinimumPaymentsDueInTwoYears	28,514
OperatingLeasesFutureMinimumPaymentsDueInThreeYears	24,501
OperatingLeasesFutureMinimumPaymentsDueInFourYears	19,996
OperatingLeasesFutureMinimumPaymentsDueInFiveYears	19,778
OperatingLeasesFutureMinimumPaymentsDueThereafter	93,974
OperatingLeasesFutureMinimumPaymentsDue	$ 216,325

LEASES (Narrative) (Detail) - USD ($) $ in Millions	12 Months Ended
LEASES (Narrative) (Detail) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Operating Leased Assets [Line Items]
OperatingLeasesRentExpenseNet	$ 38.4	$ 37.1	$ 35.3

SEGMENT INFORMATION (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
SEGMENT INFORMATION (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Total net sales									$ 2,411,835	$ 2,271,026	$ 2,108,931
Net Sales	$ 648,622	$ 595,393	$ 620,298	$ 547,522	$ 611,881	$ 567,901	$ 567,653	$ 523,591	2,411,835	2,271,026	2,108,931
Operating income									373,626	325,120	296,519
Depreciation and amortization									102,949	99,995	96,008
Total assets	3,255,385				3,236,321				3,255,385	3,236,321	3,037,781
Corporate And Other [Member]
Segment Reporting Information [Line Items]
Operating income									(36,347)	(33,483)	(32,107)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Net Sales									2,411,835	2,271,026	2,108,931
Operating income									373,626	325,120	296,519
Depreciation and amortization									102,949	99,995	96,008
Total assets	3,255,385				3,236,321				3,255,385	3,236,321	3,037,781
PropertyPlantAndEquipmentAdditions									53,417	52,705	46,776
Operating Segments [Member] \| Commercial/Industrial
Segment Reporting Information [Line Items]
Total net sales									1,209,943	1,163,510	1,120,326
Operating income									182,669	168,146	156,084
Depreciation and amortization									50,690	53,180	53,970
Total assets	1,398,601				1,444,097				1,398,601	1,444,097	1,391,040
PropertyPlantAndEquipmentAdditions									30,411	29,028	30,145
Operating Segments [Member] \| Defense
Segment Reporting Information [Line Items]
Total net sales									559,058	557,954	469,796
Operating income									128,446	109,338	98,182
Depreciation and amortization									20,578	20,702	14,488
Total assets	961,298				1,044,776				961,298	1,044,776	751,859
PropertyPlantAndEquipmentAdditions									5,793	9,276	5,870
Operating Segments [Member] \| Power
Segment Reporting Information [Line Items]
Total net sales									649,754	554,048	524,967
Operating income									98,858	81,119	74,360
Depreciation and amortization									27,737	22,019	23,032
Total assets	720,073				482,753				720,073	482,753	516,321
PropertyPlantAndEquipmentAdditions									11,350	10,039	6,653
Operating Segments [Member] \| Corporate And Other [Member]
Segment Reporting Information [Line Items]
Operating income									(36,347)	(33,483)	(32,107)
Depreciation and amortization									3,944	4,094	4,518
Total assets	$ 175,413				$ 264,695				175,413	264,695	378,561
PropertyPlantAndEquipmentAdditions									5,863	4,362	4,108
Operating Segments [Member] \| Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Total net sales									$ (6,920)	$ (4,486)	$ (6,158)

SEGMENT INFORMATION (Reconciliation) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Operating income	$ 373,626	$ 325,120	$ 296,519
Interest expense	(33,983)	(41,471)	(41,248)
Other income, net	16,596	15,970	12,690
Earnings before income taxes	356,239	299,619	267,961
Assets
Total assets	3,255,385	3,236,321	3,037,781
Non Segment Cash [Member]
Assets
Total assets	138,053	204,664	357,021
Non Segment Other Assets [Member]
Assets
Total assets	37,360	60,031	21,540
Corporate And Other [Member]
Segment Reporting Information [Line Items]
Operating income	(36,347)	(33,483)	(32,107)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating income	409,973	358,603	328,626
Assets
Total assets	3,079,972	2,971,626	2,659,220
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating income	373,626	325,120	296,519
Assets
Total assets	3,255,385	3,236,321	3,037,781
Operating Segments [Member] \| Corporate And Other [Member]
Segment Reporting Information [Line Items]
Operating income	(36,347)	(33,483)	(32,107)
Assets
Total assets	$ 175,413	$ 264,695	$ 378,561

SEGMENT INFORMATION (Geographic) (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
RevenuesFromExternalCustomersAndLongLivedAssetsLineItems
Net Sales	$ 648,622	$ 595,393	$ 620,298	$ 547,522	$ 611,881	$ 567,901	$ 567,653	$ 523,591	$ 2,411,835	$ 2,271,026	$ 2,108,931
Property, plant, and equipment, net	374,660				390,235				374,660	390,235	388,903
United States [Member]
RevenuesFromExternalCustomersAndLongLivedAssetsLineItems
Net Sales									1,623,511	1,562,180	1,472,241
Property, plant, and equipment, net	258,504				264,829				258,504	264,829	272,826
United Kingdom [Member]
RevenuesFromExternalCustomersAndLongLivedAssetsLineItems
Net Sales									126,439	118,350	114,752
Property, plant, and equipment, net	34,649				41,100				34,649	41,100	39,014
Other Foreign Countries [Member]
RevenuesFromExternalCustomersAndLongLivedAssetsLineItems
Net Sales									661,885	590,496	521,938
Property, plant, and equipment, net	$ 81,507				$ 84,306				$ 81,507	$ 84,306	$ 77,063

SEGMENT INFORMATION SEGMENT INFORMATION (Product Line) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Net Sales	$ 648,622	$ 595,393	$ 620,298	$ 547,522	$ 611,881	$ 567,901	$ 567,653	$ 523,591	$ 2,411,835	$ 2,271,026	$ 2,108,931
Flow Control [Member]
Segment Reporting Information [Line Items]
Net Sales									1,008,262	899,705	883,735
Controls [Member]
Segment Reporting Information [Line Items]
Net Sales									1,090,703	1,075,218	940,162
Surface Technologies [Member]
Segment Reporting Information [Line Items]
Net Sales									$ 312,870	$ 296,103	$ 285,034

CONTINGENCIES AND COMMITMENTS (Detail) - USD ($)		1 Months Ended	12 Months Ended
CONTINGENCIES AND COMMITMENTS (Detail) - USD ($)	Jan. 04, 2018	Oct. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Mar. 29, 2017
Loss Contingencies [Line Items]
Asset Retirement Obligation			$ 7,200,000
Surety Bond Outstanding			45,600,000
Loss Contingency, Damages Sought, Value			1,000,000,000
Loss Contingency, Actions Taken by Plaintiff		$ 400,000,000
Standby letters of credit
Loss Contingencies [Line Items]
Letters of credit			21,700,000	$ 21,300,000
Financial Standby Letter of Credit [Member]
Loss Contingencies [Line Items]
Letters of credit			11,700,000	$ 14,600,000
Failure to Meet Contractual Obligations [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value			25,000,000
Minimum [Member] \| Failure to Meet Contractual Obligations [Member]
Loss Contingencies [Line Items]
Loss Contingency, Range of Possible Loss, Minimum			0
Maximum [Member] \| Failure to Meet Contractual Obligations [Member]
Loss Contingencies [Line Items]
Loss Contingency, Range of Possible Loss, Minimum			55,500,000
Pending Litigation [Member] \| Westinghouse Electric Company (WEC) [Member]
Loss Contingencies [Line Items]
Debtor-in-Possession Financing, Amount Arranged					$ 800,000,000
AP1000 US [Member] \| Minimum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Range of Possible Loss, Minimum			0
AP1000 US [Member] \| Maximum [Member]
Loss Contingencies [Line Items]
Loss Contingency, Range of Possible Loss, Minimum			$ 31,000,000
Westinghouse Electric Company (WEC) [Member]
Loss Contingencies [Line Items]
Business Combination, Consideration Transferred	$ 4,600,000,000

ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (216,840)	$ (291,756)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(83,820)	67,111
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	12,213	7,805
Other Comprehensive Income (Loss), Net of Tax	(71,607)	74,916	$ (65,828)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(288,447)	(216,840)	(291,756)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(94,708)	(172,650)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(52,440)	77,942
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0
Other Comprehensive Income (Loss), Net of Tax	(52,440)	77,942
Accumulated Other Comprehensive Income (Loss), Net of Tax	(147,148)	(94,708)	(172,650)
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(122,132)	(119,106)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(31,380)	(10,831)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	12,213	7,805
Other Comprehensive Income (Loss), Net of Tax	(19,167)	(3,026)
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (141,299)	$ (122,132)	$ (119,106)

ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Reclass) (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2018

Sep. 30, 2018

Jun. 30, 2018

Mar. 31, 2018

Dec. 31, 2017

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Accumulated Other Comprehensive Income (Loss) [Line Items]

Earnings before income taxes

$ 356,239

$ 299,619

$ 267,961

Provision for income taxes

(80,490)

(84,728)

(78,579)

Net earnings

$ 82,835

$ 74,483

$ 74,788

$ 43,643

$ 67,750

$ 63,944

$ 50,650

$ 32,547

275,749

214,891

$ 187,329

Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, before Tax

^[1]

908

756

Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax

^[1]

(16,736)

(12,702)

Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Curtailments, before Tax

(337)

(327)

Earnings before income taxes

(16,165)

(12,273)

Provision for income taxes

3,952

4,468

Net earnings

$ (12,213)

$ (7,805)

[1]	These items are included in the computation of net periodic pension cost. See Note 16, Pension and Other Postretirement Benefit Plans.

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

QUARTERLY RESULTS OF OPERATIONS (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Net Sales	$ 648,622	$ 595,393	$ 620,298	$ 547,522	$ 611,881	$ 567,901	$ 567,653	$ 523,591	$ 2,411,835	$ 2,271,026	$ 2,108,931
Gross Profit	241,052	222,518	226,500	181,191	231,344	207,496	195,010	166,935	871,261	800,785	734,691
Earnings from continuing operations									275,749	214,891	189,382
Earnings from discontinued operations									0	0	(2,053)
Net earnings	$ 82,835	$ 74,483	$ 74,788	$ 43,643	$ 67,750	$ 63,944	$ 50,650	$ 32,547	$ 275,749	$ 214,891	$ 187,329
Basic earnings per share
Earnings from continuing operations									$ 6.28	$ 4.86	$ 4.27
Earnings from discontinued operations									0.00	0.00	(0.05)
Total	$ 1.91	$ 1.70	$ 1.69	$ 0.99	$ 1.54	$ 1.45	$ 1.15	$ 0.74	6.28	4.86	4.22
Diluted earnings per share
Earnings from continuing operations									6.22	4.80	4.20
Earnings from discontinued operations									0.00	0.00	(0.05)
Total	$ 1.89	$ 1.68	$ 1.68	$ 0.98	$ 1.52	$ 1.43	$ 1.13	$ 0.73	$ 6.22	$ 4.80	$ 4.15

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
ValuationAndQualifyingAccountsDisclosureLineItems
Valuation Allowances and Reserves, Balance, Beginning Balance	$ 12,322	$ 17,776	$ 17,895
ValuationAllowancesAndReservesChargedToCostAndExpense	108	1,471	1,951
ValuationAllowancesAndReservesChargedToOtherAccounts	17	125	(181)
ValuationAllowancesAndReservesDeductions	801	7,050	1,889
Valuation Allowances and Reserves, Balance, Ending Balance	11,646	12,322	17,776
Reduction of US corporate income tax rate		4,300
ValuationAllowanceOfDeferredTaxAssetsMember
ValuationAndQualifyingAccountsDisclosureLineItems
Valuation Allowances and Reserves, Balance, Beginning Balance	12,322	17,776	17,895
ValuationAllowancesAndReservesChargedToCostAndExpense	108	1,471	1,951
ValuationAllowancesAndReservesChargedToOtherAccounts	17	125	(181)
ValuationAllowancesAndReservesDeductions	801	7,050	1,889
Valuation Allowances and Reserves, Balance, Ending Balance	$ 11,646	$ 12,322	$ 17,776