Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2019 shares
Cover page.
Security Exchange Name	NYSE
Title of 12(b) Security	Common Stock
Entity Interactive Data Current	Yes
City Area Code	704
Entity Address, Address Line One	130 Harbour Place Drive, Suite 300
Entity Address, City or Town	Davidson,
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28036
Entity Incorporation, State or Country Code	DE
Entity File Number	1-134
Entity Registrant Name	CURTISS WRIGHT CORP
Entity Central Index Key	0000026324
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity common stock shares outstanding	42,689,253
Trading Symbol	CW
Entity Current Reporting Status	Yes
Emerging Company	false
Small Business	false
Entity Tax Identification Number	13-0612970
Local Phone Number	869-4600
Entity Shell Company	false

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net Sales
Net sales	$ 614,880	$ 595,393	$ 1,832,190	$ 1,763,213
Total net sales	614,880	595,393	1,832,190	1,763,213
Cost of sales
Total cost of sales	388,804	372,875	1,179,197	1,133,004
Gross profit	226,076	222,518	652,993	630,209
Research and development expenses	18,362	14,239	54,503	45,234
Selling expenses	28,133	30,361	90,303	94,546
General and administrative expenses	74,012	80,871	224,888	226,808
Operating income	105,569	97,047	283,299	263,621
Interest expense	(7,951)	(7,949)	(23,183)	(25,719)
Other income, net	6,355	3,843	17,704	12,497
Earnings from continuing operations before income taxes	103,973	92,941	277,820	250,399
Provision for income taxes	(21,463)	(18,458)	(59,645)	(57,485)
Net earnings	$ 82,510	$ 74,483	$ 218,175	$ 192,914
Basic earnings per share
Basic earnings per share (usd per share)	$ 1.93	$ 1.70	$ 5.10	$ 4.38
Diluted earnings per share
Diluted earnings per share (usd per share)	1.92	1.68	5.07	4.33
Dividends per share	$ 0.17	$ 0.15	$ 0.49	$ 0.45
Weighted average shares outstanding:
Basic (shares)	42,709	43,892	42,755	44,060
Diluted (shares)	42,995	44,334	43,025	44,513
Product [Member]
Product sales	$ 516,760	$ 495,197	$ 1,520,612	$ 1,451,560
Cost of sales
Cost of Goods and Services Sold	331,793	312,702	986,475	936,197
Service [Member]
Net Sales
Net sales	98,120	100,196	311,578	311,653
Cost of sales
Cost of Goods and Services Sold	$ 57,011	$ 60,173	$ 192,722	$ 196,807

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

3 Months Ended

9 Months Ended

Sep. 30, 2019

Sep. 30, 2018

Sep. 30, 2019

Sep. 30, 2018

Statement of Comprehensive Income [Abstract]

Net earnings

$ 82,510

$ 74,483

$ 218,175

$ 192,914

Other comprehensive income

Foreign currency translation, net of tax

^[1]

(24,734)

(2,230)

(15,952)

(30,590)

Pension and postretirement adjustments, net of tax

^[2]

1,311

3,458

4,743

9,142

Other comprehensive income (loss), net of tax

(23,423)

1,228

(11,209)

(21,448)

Comprehensive income

$ 59,087

$ 75,711

$ 206,966

$ 171,466

[1]

The tax benefit included in other comprehensive loss for foreign currency translation adjustments for both the three and nine months ended September 30, 2019 was $0.6 million. The tax benefit included in other comprehensive loss for foreign currency translation adjustments for the three and nine months ended September 30, 2018 was $0.5 million and $1.7 million, respectively.

[2]

The tax expense included in other comprehensive income for pension and postretirement adjustments for the three and nine months ended September 30, 2019 was $0.4 million and $1.5 million, respectively. The tax expense included in other comprehensive income for pension and postretirement adjustments for the three and nine months ended September 30, 2018 was $1.1 million and $2.9 million, respectively.

- Definition

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

+ References + Details

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parentheticals) - USD ($)
$ in Millions

3 Months Ended

9 Months Ended

Sep. 30, 2019

Sep. 30, 2018

Sep. 30, 2019

Sep. 30, 2018

Statement of Comprehensive Income [Abstract]

Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax

^[1]

$ (0.6)

$ (0.5)

$ (0.6)

$ (1.7)

Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax, Attributable to Parent

^[2]

$ 0.4

$ 1.1

$ 1.5

$ 2.9

[1]

The tax benefit included in other comprehensive loss for foreign currency translation adjustments for both the three and nine months ended September 30, 2019 was $0.6 million. The tax benefit included in other comprehensive loss for foreign currency translation adjustments for the three and nine months ended September 30, 2018 was $0.5 million and $1.7 million, respectively.

[2]

The tax expense included in other comprehensive income for pension and postretirement adjustments for the three and nine months ended September 30, 2019 was $0.4 million and $1.5 million, respectively. The tax expense included in other comprehensive income for pension and postretirement adjustments for the three and nine months ended September 30, 2018 was $1.1 million and $2.9 million, respectively.

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current Assets:
Cash and cash equivalents	$ 297,712	$ 276,066
Receivables, net	644,150	593,755
Inventories, net	430,086	423,426
Other current assets	44,338	50,719
Total current assets	1,416,286	1,343,966
Property, plant, and equipment, net	373,718	374,660
Goodwill	1,104,796	1,088,032
Other intangible assets, net	420,458	429,567
Operating Lease, Right-of-Use Asset	134,286	0
Other assets	32,765	19,160
Total assets	3,482,309	3,255,385
Current liabilities:
Current portion of long-term debt and short-term debt	80	243
Accounts payable	169,413	232,983
Accrued expenses	140,589	166,954
Income taxes payable	8,347	5,811
Deferred revenue	256,327	236,508
Other current liabilities	73,349	44,829
Total current liabilities	648,105	687,328
Long-term debt	761,057	762,313
Deferred tax liabilities, net	48,809	47,121
Accrued pension and other postretirement benefit costs	94,629	101,227
Long-term operating lease liability	116,652	0
Long-term portion of environmental reserves	15,923	15,777
Other liabilities	95,994	110,838
Total liabilities	1,781,169	1,724,604
Stockholders' Equity
Common stock, $1 par value,100,000,000 shares authorized as of September 30, 2019 and December 31, 2018; 49,187,378 shares issued as of September 30, 2019 and December 31, 2018; outstanding shares were 42,689,253 as of September 30, 2019 and 42,772,417 as of December 31, 2018	49,187	49,187
Additional paid in capital	120,219	118,234
Retained earnings	2,414,956	2,191,471
Accumulated other comprehensive loss	(325,913)	(288,447)
Common treasury stock, at cost (6,498,125 shares as of September 30, 2019 and 6,414,961 shares as of December 31, 2018)	(557,309)	(539,664)
Total stockholders' equity	1,701,140	1,530,781
Total liabilities and stockholders' equity	$ 3,482,309	$ 3,255,385

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Common stock, par value (usd per share)	$ 1	$ 1
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	49,187,378	49,187,378
Common Stock, Shares, Outstanding	42,689,253	42,772,417
Treasury Stock, Shares	6,498,125	6,414,961

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net earnings	$ 218,175	$ 192,914
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation and amortization	76,998	77,146
Gain (Loss) on Disposition of Business	0	(2,149)
Gain on fixed asset disposals	(6,295)	(531)
Deferred income taxes	652	4,942
Share-based compensation	11,262	11,846
Change in operating assets and liabilities, net of businesses acquired and divested:
Accounts receivable, net	(44,788)	(79,372)
Inventories, net	(8,587)	(50,463)
Progress payments	(4,955)	764
Accounts payable and accrued expenses	(86,900)	(32,389)
Deferred revenue	18,750	11,643
Income taxes payable	2,676	(7,620)
Net pension and postretirement liabilities	(928)	(46,320)
Other current and long-term assets and liabilities	(17,045)	18,564
Net cash provided by operating activities	159,015	98,975
Cash flows from investing activities:
Proceeds from sales and disposals of long lived assets	10,099	5,495
Proceeds from Divestiture of Businesses		(268)
Payments to Acquire Intangible Assets	(157)	(1,500)
Additions to property, plant, and equipment	(49,919)	(30,287)
Acquisition of businesses, net of cash acquired	(50,075)	(210,167)
Payments for (Proceeds from) Previous Acquisition		(460)
Net cash used for investing activities	(90,052)	(237,187)
Cash flows from financing activities:
Borrowings under revolving credit facility	35,387	370,595
Payment of revolving credit facility	(35,550)	(369,721)
Repurchases of common stock	(37,864)	(78,898)
Proceeds from share-based compensation	10,943	11,135
Dividends paid	(13,683)	(13,223)
Proceeds from (Payments for) Other Financing Activities	(600)	(557)
Net cash used for financing activities	(41,367)	(80,669)
Effect of exchange-rate changes on cash	(5,950)	(10,322)
Net increase (decrease) in cash and cash equivalents	21,646	(229,203)
Cash and cash equivalents at beginning of period	276,066	475,120
Cash and cash equivalents at end of period	297,712	245,917
Supplemental disclosure of non-cash activities:
Capital expenditures incurred but not yet paid	$ 88	$ 684

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Stock Member	Additional Paid In Capital Member	Retained Earnings Member	Accumulated Other Comprehensive Loss Member	Treasury Stock Member
Beginning Balance at Dec. 31, 2017		$ 49,187	$ 120,609	$ 1,944,324	$ (216,840)	$ (369,480)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	$ 192,914
Other Comprehensive Income (Loss), Net of Tax	(21,448)				(21,448)
Dividends paid/declared				(19,798)
Restricted stock			(7,159)			7,159
Stock options exercised			(1,163)			12,298
Other			(725)			725
Share-based compensation			11,631			215
Repurchases of common stock						(78,898)
Ending Balance at Sep. 30, 2018		49,187	123,193	2,115,166	(238,288)	(427,981)
Beginning Balance at Dec. 31, 2017		49,187	120,609	1,944,324	(216,840)	(369,480)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings				192,914
Other Comprehensive Income (Loss), Net of Tax	(71,607)
Ending Balance at Dec. 31, 2018	1,530,781	49,187	118,234	2,191,471	(288,447)	(539,664)
Beginning Balance at Jun. 30, 2018		49,187	119,025	2,047,250	(239,516)	(399,850)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	74,483			74,483
Other Comprehensive Income (Loss), Net of Tax	1,228				1,228
Dividends paid/declared				(6,567)
Restricted stock			(236)			236
Stock options exercised			372			4,402
Share-based compensation			4,032			14
Repurchases of common stock						(32,783)
Ending Balance at Sep. 30, 2018		49,187	123,193	2,115,166	(238,288)	(427,981)
Cumulative Effect of New Accounting Principle in Period of Adoption \| Accounting Standards Update 2014-09 [Member]				(2,274)
Beginning Balance at Dec. 31, 2018	1,530,781	49,187	118,234	2,191,471	(288,447)	(539,664)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	218,175			218,175
Other Comprehensive Income (Loss), Net of Tax	(11,209)				(11,209)
Dividends paid/declared				(20,947)
Restricted stock			(5,491)			5,491
Stock options exercised			(2,720)			13,662
Other			(661)			661
Share-based compensation			10,857			405
Repurchases of common stock						(37,864)
Ending Balance at Sep. 30, 2019	1,701,140	49,187	120,219	2,414,956	(325,913)	(557,309)
Beginning Balance at Jun. 30, 2019		49,187	116,835	2,339,703	(302,490)	(550,939)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	82,510			82,510
Other Comprehensive Income (Loss), Net of Tax	(23,423)				(23,423)
Dividends paid/declared				(7,257)
Stock options exercised			(898)			6,429
Share-based compensation			4,282			0
Repurchases of common stock						(12,799)
Ending Balance at Sep. 30, 2019	$ 1,701,140	$ 49,187	$ 120,219	2,414,956	(325,913)	$ (557,309)
Cumulative Effect of New Accounting Principle in Period of Adoption \| Accounting Standards Update 2018-02 [Member]				$ 26,257	$ (26,257)

BASIS OF PRESENTATION	9 Months Ended
BASIS OF PRESENTATION	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION 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, power generation, and general industrial markets. The unaudited condensed consolidated financial statements include the accounts of Curtiss-Wright and its majority-owned subsidiaries. All intercompany transactions and accounts have been eliminated. The unaudited condensed consolidated financial statements of the Corporation have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in annual financial statements have been condensed or omitted as permitted by such rules and regulations. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments necessary for a fair presentation of these financial statements. Management is required 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. Actual results may differ from these estimates. The most significant of these estimates includes the estimate of costs to complete using the over-time revenue recognition accounting method, 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, fair value estimates around assets and assumed liabilities from acquisitions, estimates for the valuation and useful lives of intangible assets, legal reserves, and the estimate of future environmental costs. Changes in estimates of contract sales, costs, and profits are recognized using the cumulative catch-up method of accounting. This method recognizes in the current period the cumulative effect of the changes on current and prior periods. Accordingly, the effect of the changes on future periods of contract performance is recognized as if the revised estimate had been the original estimate. During the three and nine months ended September 30, 2019 and 2018, there were no significant changes in estimated contract costs. In the opinion of management, all adjustments considered necessary for a fair presentation have been reflected in these financial statements. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Corporation’s 2018 Annual Report on Form 10-K. The results of operations for interim periods are not necessarily indicative of trends or of the operating results for a full year. Recent accounting pronouncements adopted ASU 2016-02 - Leases - On January 1, 2019, the Corporation adopted ASC 842, Leases, using the optional transition method of adoption which permits the entity to continue presenting all periods prior to January 1, 2019 under previous lease accounting guidance. In conjunction with the adoption, the Corporation elected 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 made 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 resulted in an increase of approximately $151 million in both total assets and total liabilities in the Corporation’s Condensed Consolidated Balance Sheet as of January 1, 2019. ASU 2018-02 - Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income - On January 1, 2019, the Corporation adopted ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, which 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 Tax Act). The adoption of this standard resulted in a reclassification of $26 million from accumulated other comprehensive loss to retained earnings in the Corporation’s Condensed Consolidated Balance Sheet as of January 1, 2019.

REVENUE (Notes)

9 Months Ended

Sep. 30, 2019

Revenue from Contract with Customer [Abstract]

Revenue from Contract with Customer [Text Block]

REVENUE

The Corporation recognizes revenue when control of a promised good and/or service is transferred to a customer in an amount 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.

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 three months and nine months ended September 30, 2019 accounted for approximately 47% and 48%, respectively, of total net sales. Revenue recognized on an over-time basis for the three months and nine months ended September 30, 2018 accounted for approximately 49% and 46%, respectively, 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. Revenue recognized at a point-in-time for the three months and nine months ended September 30, 2019 accounted for approximately 53% and 52%, respectively, of total net sales. Revenue recognized at a point-in-time for the three months and nine months ended September 30, 2018 accounted for approximately 51% and 54%, respectively, of total net sales. Revenue for these types of arrangements is recognized at the point in time in which control is transferred to the customer, typically based upon the terms of delivery.

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 $2.2 billion as of September 30, 2019, of which the Corporation expects to recognize approximately 92% 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	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In thousands)	2019		2018		2019		2018
Defense
Aerospace	$	110,742	$	94,002	$	293,955	$	272,809
Ground	22,231		25,167		69,383		68,463
Naval	143,430		116,620		424,371		352,456
Total Defense Customers	$	276,403	$	235,789	$	787,709	$	693,728

Commercial
Aerospace	$	109,015	$	101,872	$	320,237	$	305,893
Power Generation	88,543		106,842		278,194		307,477
General Industrial	140,919		150,890		446,050		456,115
Total Commercial Customers	$	338,477	$	359,604	$	1,044,481	$	1,069,485

Total	$	614,880	$	595,393	$	1,832,190	$	1,763,213

Note: Certain amounts in the prior year have been reclassed to conform to the current year presentation.

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 Condensed 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 during the three and nine months ended September 30, 2019 and 2018 included in the contract liabilities balance at the beginning of the year was approximately $26 million and $159 million, respectively, and $30 million and $144 million, respectively. Contract assets and contract liabilities are reported in the "Receivables, net" and "Deferred revenue" lines, respectively, within the Condensed Consolidated Balance Sheet.

ACQUISITIONS

9 Months Ended

Sep. 30, 2019

Business Combinations [Abstract]

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 acquisition purchase price reflects 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 nine months ended September 30, 2019, the Corporation acquired one business for an aggregate purchase price of $50 million, which is described in more detail below. During the nine months ended September 30, 2018, the Corporation acquired one business for an aggregate purchase price of $210 million, which is described in more detail below.

The Condensed Consolidated Statement of Earnings for the nine months ended September 30, 2019 includes $8 million of total net sales and immaterial net earnings from the Corporation's 2019 acquisition. The Condensed Consolidated Statement of Earnings for the nine months ended September 30, 2018 includes $41 million of total net sales and $2 million of net losses from the Corporation's 2018 acquisition.

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 the nine months ended September 30, 2019 and 2018.


(In thousands)	2019		2018
Accounts receivable	$	2,300	$	24,385
Inventory	322		31,875
Property, plant, and equipment	648		3,206
Other current and non-current assets	479		47
Intangible assets	26,000		146,100
Operating lease right-of-use assets, net	1,393		—
Current and non-current liabilities	(3,252)		(5,374)
Net tangible and intangible assets	27,890		200,239
Purchase price, net of cash acquired	50,075		210,167
Goodwill	$	22,185	$	9,928

Goodwill deductible for tax purposes	$	22,635	$	15,108

2019 Acquisition

Tactical Communications Group (TCG)

On March 15, 2019, the Corporation acquired 100% of the membership interest of TCG for $50.1 million, net of cash acquired. The 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. TCG is a designer and manufacturer of tactical data link software solutions for critical military communications systems. The acquired business operates within the Defense segment. The acquisition is subject to post-closing adjustments with the purchase price allocation not yet complete.

2018 Acquisition

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 after giving effect to certain post-closing adjustments pursuant to the Asset Purchase Agreement. The Asset Purchase Agreement contains 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 Corporation's Power segment.

RECEIVABLES

9 Months Ended

Sep. 30, 2019

Receivables [Abstract]

RECEIVABLES

Receivables primarily include amounts billed to customers, unbilled charges on long-term contracts consisting of amounts recognized as sales but not billed, and other receivables. Substantially all amounts of unbilled receivables are expected to be billed and collected within one 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.

The composition of receivables is as follows:


(In thousands)	September 30, 2019		December 31, 2018
Billed receivables:
Trade and other receivables	$	415,681	$	390,306
Less: Allowance for doubtful accounts	(8,034)		(7,436)
Net billed receivables	407,647		382,870
Unbilled receivables (contract assets):
Recoverable costs and estimated earnings not billed	245,805		225,810
Less: Progress payments applied	(9,302)		(14,925)
Net unbilled receivables	236,503		210,885
Receivables, net	$	644,150	$	593,755

INVENTORIES

9 Months Ended

Sep. 30, 2019

Inventory, Net [Abstract]

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 is as follows:


(In thousands)	September 30, 2019		December 31, 2018
Raw materials	$	189,296	$	214,442
Work-in-process	91,356		74,536
Finished goods	143,773		143,016
Inventoried costs related to U.S. Government and other long-term contracts	68,666		54,195
Gross inventories	493,091		486,189
Less: Inventory reserves	(55,471)		(55,776)
Progress payments applied	(7,534)		(6,987)
Inventories, net	$	430,086	$	423,426

Inventoried costs related to long-term contracts include capitalized contract development costs related to certain aerospace and defense programs of $41.2 million and $44.4 million as of September 30, 2019 and December 31, 2018, respectively. These capitalized costs will be liquidated as units are produced. As of September 30, 2019 and December 31, 2018, $29.1 million and $18.7 million, respectively, are scheduled to be liquidated under existing firm orders.

GOODWILL

9 Months Ended

Sep. 30, 2019

Goodwill [Abstract]

GOODWILL

The changes in the carrying amount of goodwill for the nine months ended September 30, 2019 are as follows:


(In thousands)	Commercial/Industrial		Defense		Power		Consolidated
December 31, 2018	$	442,015	$	448,871	$	197,146	$	1,088,032
Acquisitions	—		22,185		—		22,185
Adjustments	—		(208)		—		(208)
Foreign currency translation adjustment	(3,555)		(1,746)		88		(5,213)
September 30, 2019	$	438,460	$	469,102	$	197,234	$	1,104,796

OTHER INTANGIBLE ASSETS, NET

9 Months Ended

Sep. 30, 2019

Intangible Assets, Net (Excluding Goodwill) [Abstract]

OTHER INTANGIBLE ASSETS, NET

The following tables present the cumulative composition of the Corporation’s intangible assets:


	September 30, 2019										December 31, 2018
(In thousands)	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Technology	$	243,782	$	(134,274)	$	109,508	$	238,212	$	(123,156)	$	115,056
Customer related intangibles	375,218		(207,806)		167,412		358,832		(193,455)		165,377
Programs ⁽¹⁾	144,000		(10,800)		133,200		144,000		(5,400)		138,600
Other intangible assets	41,274		(30,936)		10,338		40,340		(29,806)		10,534
Total	$	804,274	$	(383,816)	$	420,458	$	781,384	$	(351,817)	$	429,567

⁽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 nine months ended September 30, 2019, the Corporation acquired intangible assets of $26.0 million. The Corporation acquired Customer-related intangibles of $18.9 million, Technology of $6.3 million, and Other intangible assets of $0.8 million, which have a weighted average amortization period of 14.6 years, 15.0 years, and 8.0 years, respectively.

Total intangible amortization expense for the nine months ended September 30, 2019 was $34 million as compared to $33 million in the comparable prior year period. The estimated amortization expense for the five years ending December 31, 2019 through 2023 is $45 million, $43 million, $41 million, $39 million, and $35 million, respectively.

LEASES LEASES

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

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. Our leases have remaining lease terms of 1 year to 25 years, some of which include options for renewals, escalations, or terminations.

The components of lease expense were as follows:


	Three Months Ended		Nine Months Ended
(In thousands)	September 30, 2019		September 30, 2019
Operating lease cost	$	9,078	$	24,436

Finance lease cost:
Amortization of right-of-use assets	$	203	$	599
Interest on lease liabilities	124		377
Total finance lease cost	$	327	$	976

Supplemental cash flow information related to leases was as follows:


	Nine Months Ended
(In thousands)	September 30, 2019
Cash used for operating activities:
Operating cash flows used for operating leases	$	(22,721)
Operating cash flows used for finance leases	(377)
Non-cash activity:
Right-of-use assets obtained in exchange for operating lease obligations	$	3,047

Supplemental balance sheet information related to leases was as follows:


(In thousands, except lease term and discount rate)	As of September 30, 2019
Operating Leases
Operating lease right-of-use assets, net	$	134,286

Other current liabilities	$	24,199
Long-term operating lease liability	116,652
Total operating lease liabilities	$	140,851

Finance Leases
Property, plant, and equipment	$	15,561
Accumulated depreciation	(5,273)
Property, plant, and equipment, net	$	10,288

Other current liabilities	$	790
Other liabilities	11,211
Total finance lease liabilities	$	12,001

Weighted average remaining lease term
Operating leases	7.9 years
Finance leases	9.9 years
Weighted average discount rate
Operating leases	3.82		%
Finance leases	4.05		%

Maturities of lease liabilities were as follows:


	As of September 30, 2019
(In thousands)	Operating Leases		Finance Leases
2019	$	7,339	$	333
2020	28,517		1,342
2021	25,607		1,375
2022	19,468		1,410
2023	17,625		1,445
Thereafter	65,173		8,892
Total lease payments	163,729		14,797
Less: imputed interest	(22,878)		(2,796)
Total	$	140,851	$	12,001

In November 2018, the Corporation entered into a build-to-suit lease of approximately $27 million for the construction of a new facility for DRG in Charleston, South Carolina. The lease has not been reflected in the Corporation’s condensed consolidated financial statements as of September 30, 2019 as the Corporation has not yet obtained the right to control the use of the facility.

FAIR VALUE OF FINANCIAL INSTRUMENTS

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

FAIR VALUE OF FINANCIAL INSTRUMENTS

Forward Foreign Exchange and Currency Option Contracts

The Corporation has foreign currency exposure primarily in the United Kingdom, Europe, and Canada. 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 Condensed Consolidated Balance Sheets based upon quoted market prices for comparable instruments.

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.

Effects on Condensed Consolidated Balance Sheets

As of September 30, 2019 and December 31, 2018, the fair values of the asset and liability derivative instruments were immaterial.

Effects on Condensed Consolidated Statements of Earnings

Undesignated hedges

For the three and nine months ended September 30, 2019 and 2018, the gains or losses recognized in income on forward exchange derivative contracts not designated for hedge accounting were immaterial.

Debt

The estimated fair value amounts were determined by the Corporation using available market information that is primarily based on quoted market prices for the same or similar issuances as of September 30, 2019. Accordingly, all of the Corporation’s debt is valued as a Level 2 financial instrument. The fair values described below 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.


	September 30, 2019						December 31, 2018
(In thousands)	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
3.84% Senior notes due 2021	$	100,000	$	102,547	$	100,000	$	100,359
3.70% Senior notes due 2023	202,500		209,491		202,500		201,813
3.85% Senior notes due 2025	90,000		95,166		90,000		89,711
4.24% Senior notes due 2026	200,000		217,580		200,000		202,288
4.05% Senior notes due 2028	67,500		72,962		67,500		66,942
4.11% Senior notes due 2028	90,000		98,065		90,000		89,647
Other debt	80		80		243		243
Total debt	750,080		795,891		750,243		751,003
Debt issuance costs, net	(624)		(624)		(714)		(714)
Unamortized interest rate swap proceeds	11,681		11,681		13,027		13,027
Total debt, net	$	761,137	$	806,948	$	762,556	$	763,316

- 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

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS

9 Months Ended

Sep. 30, 2019

Retirement Benefits, Description [Abstract]

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS

PENSION PLANS

Defined Benefit Pension Plans

The following table is a consolidated disclosure of all domestic and foreign defined pension plans as described in the Corporation’s 2018 Annual Report on Form 10-K.

The components of net periodic pension cost for the three and nine months ended September 30, 2019 and 2018 were as follows:


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In thousands)	2019		2018		2019		2018
Service cost	$	6,096	$	7,344	$	17,747	$	20,345
Interest cost	7,045		6,574		21,788		19,629
Expected return on plan assets	(14,645)		(14,598)		(44,411)		(44,009)
Amortization of prior service cost	170		(105)		29		(230)
Amortization of unrecognized actuarial loss	1,557		4,843		6,741		12,652
Net periodic pension cost	$	223	$	4,058	$	1,894	$	8,387

The Corporation does not expect to make any contributions to the Curtiss-Wright Pension Plan in 2019. Contributions to the foreign benefit plans are not expected to be material in 2019. During the nine months ended September 30, 2018, the Corporation made a $50 million voluntary contribution to the Curtiss-Wright Pension Plan.

Defined Contribution Retirement Plan

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. The employer contributions include both employer match and non-elective contribution components. Effective January 1, 2019, the Corporation increased the employer match opportunity, raising the maximum employer contribution from 6% to 7% of eligible compensation. During the three and nine months ended September 30, 2019, the expense relating to the plan was $4.2 million and $13.8 million, respectively. During the three and nine months ended September 30, 2018, the expense relating to the plan was $3.5 million and $10.9 million, respectively. The Corporation made $15.1 million in contributions to the plan during the nine months ended September 30, 2019, and expects to make total contributions of $17.0 million in 2019.

EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

EARNINGS PER SHARE

Diluted earnings per share was computed based on the weighted-average number of shares outstanding plus all potentially dilutive common shares. A reconciliation of basic to diluted shares used in the earnings per share calculation is as follows:


	Three Months Ended			Nine Months Ended
	September 30,			September 30,
(In thousands)	2019	2018	2019	2018
Basic weighted-average shares outstanding	42,709	43,892	42,755	44,060
Dilutive effect of stock options and deferred stock compensation	286	442	270	453
Diluted weighted-average shares outstanding	42,995	44,334	43,025	44,513

For the three and nine months ended September 30, 2019 and 2018, there were no anti-dilutive equity-based awards.

SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

SEGMENT INFORMATION

The Corporation manages and evaluates its operations based on end markets to strengthen its ability to service customers and recognize certain organizational efficiencies. Based on this approach, the Corporation has three reportable segments: Commercial/Industrial, Defense, and Power.

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 were as follows:


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In thousands)	2019		2018		2019		2018
Net sales
Commercial/Industrial	$	304,914	$	295,448	$	917,236	$	904,806
Defense	150,098		138,433		417,166		407,401
Power	160,943		162,176		501,672		456,383
Less: Intersegment revenues	(1,075)		(664)		(3,884)		(5,377)
Total consolidated	$	614,880	$	595,393	$	1,832,190	$	1,763,213

Operating income (expense)
Commercial/Industrial	$	48,086	$	44,786	$	143,768	$	135,747
Defense	38,210		33,615		85,524		91,984
Power	26,362		28,249		80,650		62,792
Corporate and eliminations ⁽¹⁾	(7,089)		(9,603)		(26,643)		(26,902)
Total consolidated	$	105,569	$	97,047	$	283,299	$	263,621

⁽¹⁾ Corporate and eliminations includes pension and other postretirement benefit expense, certain environmental costs related to remediation at legacy sites, foreign currency transactional gains and losses, and certain other expenses.

Adjustments to reconcile operating income to earnings before income taxes are as follows:


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In thousands)	2019		2018		2019		2018
Total operating income	$	105,569	$	97,047	$	283,299	$	263,621
Interest expense	7,951		7,949		23,183		25,719
Other income, net	6,355		3,843		17,704		12,497
Earnings before income taxes	$	103,973	$	92,941	$	277,820	$	250,399


(In thousands)	September 30, 2019		December 31, 2018
Identifiable assets
Commercial/Industrial	$	1,462,833	$	1,398,601
Defense	1,080,148		961,298
Power	765,630		720,073
Corporate and Other	173,698		175,413
Total consolidated	$	3,482,309	$	3,255,385

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Sep. 30, 2019

Stockholders' Equity Note [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The cumulative balance of each component of accumulated other comprehensive income (AOCI), 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, 2017	$	(94,708)	$	(122,132)	$	(216,840)
Other comprehensive income (loss) before reclassifications⁽¹⁾	(52,440)		(31,380)		(83,820)
Amounts reclassified from accumulated other comprehensive loss ⁽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)
Other comprehensive income (loss) before reclassifications ⁽¹⁾	(15,952)		117		(15,835)
Amounts reclassified from accumulated other comprehensive income (loss) ⁽¹⁾	—		4,626		4,626
Net current period other comprehensive income (loss)	(15,952)		4,743		(11,209)
Cumulative effect from adoption of ASU 2018-02⁽²⁾	(1,318)		(24,939)		(26,257)
September 30, 2019	$	(164,418)	$	(161,495)	$	(325,913)

⁽¹⁾ All amounts are after tax.

⁽²⁾ Reclassification to retained earnings due to adoption of ASU No. 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. See Note 1 for additional information.

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


(In thousands)	Amount reclassified from AOCI		Affected line item in the statement where net earnings is presented
Defined benefit pension and other postretirement benefit plans
Amortization of prior service costs	$	463	(1)
Amortization of actuarial losses	(6,593)		(1)
	(6,130)		Total before tax
	1,504		Income tax
Total reclassifications	$	(4,626)	Net of tax

⁽¹⁾These items are included in the computation of net periodic pension cost. See Note 10, Pension Plans.

CONTINGENCIES AND COMMITMENTS	9 Months Ended
CONTINGENCIES AND COMMITMENTS	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES AND COMMITMENTS	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 as well as its acquired businesses’ operations and the relatively non-friable condition of asbestos in its historical products makes it unlikely that it will face material liability in any asbestos litigation, whether individually or in the aggregate. The Corporation maintains insurance coverage and indemnification agreements 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 us. All parties have agreed in principle to participate in a formal mediation in November 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. In addition to the CNRL litigation, 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. Letters of Credit and Other Financial 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 September 30, 2019 and December 31, 2018, there were $29.1 million and $21.7 million of stand-by letters of credit outstanding, respectively, and $10.2 million and $11.7 million of bank guarantees outstanding, respectively. In addition, 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 The Electro-Mechanical Division, which is within the Corporation’s Power segment, is the reactor coolant pump (RCP) supplier for the Westinghouse AP1000 nuclear power plants under construction in China and the United States. The terms of the AP1000 China and United States contracts include liquidated damage penalty provisions for failure to meet contractual delivery dates if the Corporation caused the delay and the delay was not excusable. On October 10, 2013, the Corporation received a letter from Westinghouse stating entitlements to the maximum amount of liquidated damages allowable under the AP1000 China contract from Westinghouse of approximately $25 million. The Corporation would be liable for liquidated damages under the contract if certain contractual delivery dates were not met and if the Corporation was deemed responsible for the delay. As of September 30, 2019, the Corporation has not met certain contractual delivery dates under its AP 1000 China and U.S. contracts; however there are significant 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 September 30, 2019. As of September 30, 2019, the range of possible loss is $0 to $31 million for the AP1000 U.S. contract, for a total range of possible loss of $0 to $55.5 million. Earlier this year, the Corporation was notified of a RCP fault at the Sanmen 2 AP1000 nuclear reactor in China. The root cause investigation of the fault was concluded during the current period, with the matter limited to a single part on one RCP. Remediation of the fault is not expected to have a material impact on the Corporation's financial condition or results of operations.

BASIS OF PRESENTATION (Policies)	9 Months Ended
BASIS OF PRESENTATION (Policies)	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis Of Accounting	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, power generation, and general industrial markets. The unaudited condensed consolidated financial statements include the accounts of Curtiss-Wright and its majority-owned subsidiaries. All intercompany transactions and accounts have been eliminated. The unaudited condensed consolidated financial statements of the Corporation have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in annual financial statements have been condensed or omitted as permitted by such rules and regulations. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments necessary for a fair presentation of these financial statements. Management is required 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. Actual results may differ from these estimates. The most significant of these estimates includes the estimate of costs to complete using the over-time revenue recognition accounting method, 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, fair value estimates around assets and assumed liabilities from acquisitions, estimates for the valuation and useful lives of intangible assets, legal reserves, and the estimate of future environmental costs. Changes in estimates of contract sales, costs, and profits are recognized using the cumulative catch-up method of accounting. This method recognizes in the current period the cumulative effect of the changes on current and prior periods. Accordingly, the effect of the changes on future periods of contract performance is recognized as if the revised estimate had been the original estimate. During the three and nine months ended September 30, 2019 and 2018, there were no significant changes in estimated contract costs. In the opinion of management, all adjustments considered necessary for a fair presentation have been reflected in these financial statements. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Corporation’s 2018 Annual Report on Form 10-K. The results of operations for interim periods are not necessarily indicative of trends or of the operating results for a full year.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent accounting pronouncements adopted ASU 2016-02 - Leases - On January 1, 2019, the Corporation adopted ASC 842, Leases, using the optional transition method of adoption which permits the entity to continue presenting all periods prior to January 1, 2019 under previous lease accounting guidance. In conjunction with the adoption, the Corporation elected 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 made 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 resulted in an increase of approximately $151 million in both total assets and total liabilities in the Corporation’s Condensed Consolidated Balance Sheet as of January 1, 2019. ASU 2018-02 - Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income - On January 1, 2019, the Corporation adopted ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, which 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 Tax Act). The adoption of this standard resulted in a reclassification of $26 million from accumulated other comprehensive loss to retained earnings in the Corporation’s Condensed Consolidated Balance Sheet as of January 1, 2019.

BASIS OF PRESENTATION Tables (Tables)	9 Months Ended
BASIS OF PRESENTATION Tables (Tables)	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	Recent accounting pronouncements adopted

REVENUE (Tables)

9 Months Ended

Sep. 30, 2019

Revenue from Contract with Customer [Abstract]

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	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In thousands)	2019		2018		2019		2018
Defense
Aerospace	$	110,742	$	94,002	$	293,955	$	272,809
Ground	22,231		25,167		69,383		68,463
Naval	143,430		116,620		424,371		352,456
Total Defense Customers	$	276,403	$	235,789	$	787,709	$	693,728

Commercial
Aerospace	$	109,015	$	101,872	$	320,237	$	305,893
Power Generation	88,543		106,842		278,194		307,477
General Industrial	140,919		150,890		446,050		456,115
Total Commercial Customers	$	338,477	$	359,604	$	1,044,481	$	1,069,485

Total	$	614,880	$	595,393	$	1,832,190	$	1,763,213

Note: Certain amounts in the prior year have been reclassed to conform to the current year presentation.

ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2019

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]


(In thousands)	2019		2018
Accounts receivable	$	2,300	$	24,385
Inventory	322		31,875
Property, plant, and equipment	648		3,206
Other current and non-current assets	479		47
Intangible assets	26,000		146,100
Operating lease right-of-use assets, net	1,393		—
Current and non-current liabilities	(3,252)		(5,374)
Net tangible and intangible assets	27,890		200,239
Purchase price, net of cash acquired	50,075		210,167
Goodwill	$	22,185	$	9,928

Goodwill deductible for tax purposes	$	22,635	$	15,108

RECEIVABLES (Table)

9 Months Ended

Sep. 30, 2019

Receivables [Abstract]

Schedule Of Accounts Notes Loans And Financing Receivable

The composition of receivables is as follows:


(In thousands)	September 30, 2019		December 31, 2018
Billed receivables:
Trade and other receivables	$	415,681	$	390,306
Less: Allowance for doubtful accounts	(8,034)		(7,436)
Net billed receivables	407,647		382,870
Unbilled receivables (contract assets):
Recoverable costs and estimated earnings not billed	245,805		225,810
Less: Progress payments applied	(9,302)		(14,925)
Net unbilled receivables	236,503		210,885
Receivables, net	$	644,150	$	593,755

INVENTORIES (Table)

9 Months Ended

Sep. 30, 2019

Inventory, Net [Abstract]

Schedule Of Inventory


(In thousands)	September 30, 2019		December 31, 2018
Raw materials	$	189,296	$	214,442
Work-in-process	91,356		74,536
Finished goods	143,773		143,016
Inventoried costs related to U.S. Government and other long-term contracts	68,666		54,195
Gross inventories	493,091		486,189
Less: Inventory reserves	(55,471)		(55,776)
Progress payments applied	(7,534)		(6,987)
Inventories, net	$	430,086	$	423,426

GOODWILL (Table)

9 Months Ended

Sep. 30, 2019

Goodwill [Abstract]

Schedule Of Goodwill

The changes in the carrying amount of goodwill for the nine months ended September 30, 2019 are as follows:


(In thousands)	Commercial/Industrial		Defense		Power		Consolidated
December 31, 2018	$	442,015	$	448,871	$	197,146	$	1,088,032
Acquisitions	—		22,185		—		22,185
Adjustments	—		(208)		—		(208)
Foreign currency translation adjustment	(3,555)		(1,746)		88		(5,213)
September 30, 2019	$	438,460	$	469,102	$	197,234	$	1,104,796

OTHER INTANGIBLE ASSETS, NET (Table)

9 Months Ended

Sep. 30, 2019

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule Of Intangible Assets By Major Class

The following tables present the cumulative composition of the Corporation’s intangible assets:


	September 30, 2019										December 31, 2018
(In thousands)	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Technology	$	243,782	$	(134,274)	$	109,508	$	238,212	$	(123,156)	$	115,056
Customer related intangibles	375,218		(207,806)		167,412		358,832		(193,455)		165,377
Programs ⁽¹⁾	144,000		(10,800)		133,200		144,000		(5,400)		138,600
Other intangible assets	41,274		(30,936)		10,338		40,340		(29,806)		10,534
Total	$	804,274	$	(383,816)	$	420,458	$	781,384	$	(351,817)	$	429,567

LEASES LEASES (Tables)

9 Months Ended

Sep. 30, 2019

Leases [Abstract]

Lease, Cost

The components of lease expense were as follows:


	Three Months Ended		Nine Months Ended
(In thousands)	September 30, 2019		September 30, 2019
Operating lease cost	$	9,078	$	24,436

Finance lease cost:
Amortization of right-of-use assets	$	203	$	599
Interest on lease liabilities	124		377
Total finance lease cost	$	327	$	976

Supplemental cash flow information related to leases was as follows:


	Nine Months Ended
(In thousands)	September 30, 2019
Cash used for operating activities:
Operating cash flows used for operating leases	$	(22,721)
Operating cash flows used for finance leases	(377)
Non-cash activity:
Right-of-use assets obtained in exchange for operating lease obligations	$	3,047

Assets And Liabilities, Lessee

Supplemental balance sheet information related to leases was as follows:


(In thousands, except lease term and discount rate)	As of September 30, 2019
Operating Leases
Operating lease right-of-use assets, net	$	134,286

Other current liabilities	$	24,199
Long-term operating lease liability	116,652
Total operating lease liabilities	$	140,851

Finance Leases
Property, plant, and equipment	$	15,561
Accumulated depreciation	(5,273)
Property, plant, and equipment, net	$	10,288

Other current liabilities	$	790
Other liabilities	11,211
Total finance lease liabilities	$	12,001

Weighted average remaining lease term
Operating leases	7.9 years
Finance leases	9.9 years
Weighted average discount rate
Operating leases	3.82		%
Finance leases	4.05		%

Lessee, Operating Lease, Liability, Maturity

Maturities of lease liabilities were as follows:


	As of September 30, 2019
(In thousands)	Operating Leases		Finance Leases
2019	$	7,339	$	333
2020	28,517		1,342
2021	25,607		1,375
2022	19,468		1,410
2023	17,625		1,445
Thereafter	65,173		8,892
Total lease payments	163,729		14,797
Less: imputed interest	(22,878)		(2,796)
Total	$	140,851	$	12,001

Finance Lease, Liability, Maturity

Maturities of lease liabilities were as follows:


	As of September 30, 2019
(In thousands)	Operating Leases		Finance Leases
2019	$	7,339	$	333
2020	28,517		1,342
2021	25,607		1,375
2022	19,468		1,410
2023	17,625		1,445
Thereafter	65,173		8,892
Total lease payments	163,729		14,797
Less: imputed interest	(22,878)		(2,796)
Total	$	140,851	$	12,001

FAIR VALUE OF FINANCIAL INSTRUMENTS (Table)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Derivatives Not Designated as Hedging Instruments [Table Text Block]

Undesignated hedges

For the three and nine months ended September 30, 2019 and 2018, the gains or losses recognized in income on forward exchange derivative contracts not designated for hedge accounting were immaterial.

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]


	September 30, 2019						December 31, 2018
(In thousands)	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
3.84% Senior notes due 2021	$	100,000	$	102,547	$	100,000	$	100,359
3.70% Senior notes due 2023	202,500		209,491		202,500		201,813
3.85% Senior notes due 2025	90,000		95,166		90,000		89,711
4.24% Senior notes due 2026	200,000		217,580		200,000		202,288
4.05% Senior notes due 2028	67,500		72,962		67,500		66,942
4.11% Senior notes due 2028	90,000		98,065		90,000		89,647
Other debt	80		80		243		243
Total debt	750,080		795,891		750,243		751,003
Debt issuance costs, net	(624)		(624)		(714)		(714)
Unamortized interest rate swap proceeds	11,681		11,681		13,027		13,027
Total debt, net	$	761,137	$	806,948	$	762,556	$	763,316

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Table)

9 Months Ended

Sep. 30, 2019

Pension Plans Defined Benefit [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule Of Defined Benefit Plans Disclosures

The components of net periodic pension cost for the three and nine months ended September 30, 2019 and 2018 were as follows:


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In thousands)	2019		2018		2019		2018
Service cost	$	6,096	$	7,344	$	17,747	$	20,345
Interest cost	7,045		6,574		21,788		19,629
Expected return on plan assets	(14,645)		(14,598)		(44,411)		(44,009)
Amortization of prior service cost	170		(105)		29		(230)
Amortization of unrecognized actuarial loss	1,557		4,843		6,741		12,652
Net periodic pension cost	$	223	$	4,058	$	1,894	$	8,387

EARNINGS PER SHARE (Table)

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Schedule of Earnings Per Share Reconciliation

A reconciliation of basic to diluted shares used in the earnings per share calculation is as follows:


	Three Months Ended			Nine Months Ended
	September 30,			September 30,
(In thousands)	2019	2018	2019	2018
Basic weighted-average shares outstanding	42,709	43,892	42,755	44,060
Dilutive effect of stock options and deferred stock compensation	286	442	270	453
Diluted weighted-average shares outstanding	42,995	44,334	43,025	44,513

SEGMENT INFORMATION (Table)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Schedule Of Segment Reporting Information By Segment


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In thousands)	2019		2018		2019		2018
Net sales
Commercial/Industrial	$	304,914	$	295,448	$	917,236	$	904,806
Defense	150,098		138,433		417,166		407,401
Power	160,943		162,176		501,672		456,383
Less: Intersegment revenues	(1,075)		(664)		(3,884)		(5,377)
Total consolidated	$	614,880	$	595,393	$	1,832,190	$	1,763,213

Operating income (expense)
Commercial/Industrial	$	48,086	$	44,786	$	143,768	$	135,747
Defense	38,210		33,615		85,524		91,984
Power	26,362		28,249		80,650		62,792
Corporate and eliminations ⁽¹⁾	(7,089)		(9,603)		(26,643)		(26,902)
Total consolidated	$	105,569	$	97,047	$	283,299	$	263,621

⁽¹⁾ Corporate and eliminations includes pension and other postretirement benefit expense, certain environmental costs related to remediation at legacy sites, foreign currency transactional gains and losses, and certain other expenses.

Reconciliation of Operating Profit (Loss) from Segments to Consolidated


	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In thousands)	2019		2018		2019		2018
Total operating income	$	105,569	$	97,047	$	283,299	$	263,621
Interest expense	7,951		7,949		23,183		25,719
Other income, net	6,355		3,843		17,704		12,497
Earnings before income taxes	$	103,973	$	92,941	$	277,820	$	250,399

Reconciliation Of Assets From Segment To Consolidated


(In thousands)	September 30, 2019		December 31, 2018
Identifiable assets
Commercial/Industrial	$	1,462,833	$	1,398,601
Defense	1,080,148		961,298
Power	765,630		720,073
Corporate and Other	173,698		175,413
Total consolidated	$	3,482,309	$	3,255,385

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Table)

9 Months Ended

Sep. 30, 2019

Stockholders' Equity Note [Abstract]

Schedule of Comprehensive Income (Loss)

The cumulative balance of each component of accumulated other comprehensive income (AOCI), 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, 2017	$	(94,708)	$	(122,132)	$	(216,840)
Other comprehensive income (loss) before reclassifications⁽¹⁾	(52,440)		(31,380)		(83,820)
Amounts reclassified from accumulated other comprehensive loss ⁽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)
Other comprehensive income (loss) before reclassifications ⁽¹⁾	(15,952)		117		(15,835)
Amounts reclassified from accumulated other comprehensive income (loss) ⁽¹⁾	—		4,626		4,626
Net current period other comprehensive income (loss)	(15,952)		4,743		(11,209)
Cumulative effect from adoption of ASU 2018-02⁽²⁾	(1,318)		(24,939)		(26,257)
September 30, 2019	$	(164,418)	$	(161,495)	$	(325,913)

Reclassification out of Accumulated Other Comprehensive Income

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


(In thousands)	Amount reclassified from AOCI		Affected line item in the statement where net earnings is presented
Defined benefit pension and other postretirement benefit plans
Amortization of prior service costs	$	463	(1)
Amortization of actuarial losses	(6,593)		(1)
	(6,130)		Total before tax
	1,504		Income tax
Total reclassifications	$	(4,626)	Net of tax

⁽¹⁾These items are included in the computation of net periodic pension cost. See Note 10, Pension Plans.

RECLASSIFICATIONS FOR ACCOUNTING PRONOUNCEMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jan. 01, 2019	Dec. 31, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease, Right-of-Use Asset	$ 134,286		$ 0
Operating Lease, Liability	140,851
Retained earnings	2,414,956		2,191,471
Accumulated other comprehensive loss	(325,913)		$ (288,447)	$ (216,840)
Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating Lease, Right-of-Use Asset	151,000
Operating Lease, Liability	151,000
Accounting Standards Update 2018-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings		$ 26,000
Accumulated other comprehensive loss	$ (26,257)	$ (26,000)

REVENUE DISAGGREGATION OF REVENUE (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Net sales	$ 614,880	$ 595,393	$ 1,832,190	$ 1,763,213
Defense [Member]
Disaggregation of Revenue [Line Items]
Net sales	276,403	235,789	787,709	693,728
Commercial [Member]
Disaggregation of Revenue [Line Items]
Net sales	338,477	359,604	1,044,481	1,069,485
Defense Aerospace [Member] \| Defense [Member]
Disaggregation of Revenue [Line Items]
Net sales	110,742	94,002	293,955	272,809
Defense Ground [Member] \| Defense [Member]
Disaggregation of Revenue [Line Items]
Net sales	22,231	25,167	69,383	68,463
Naval [Member] \| Defense [Member]
Disaggregation of Revenue [Line Items]
Net sales	143,430	116,620	424,371	352,456
Commercial Aerospace [Member] \| Commercial [Member]
Disaggregation of Revenue [Line Items]
Net sales	109,015	101,872	320,237	305,893
Power Generation [Member] \| Commercial [Member]
Disaggregation of Revenue [Line Items]
Net sales	88,543	106,842	278,194	307,477
General Industrial [Member] \| Commercial [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 140,919	$ 150,890	$ 446,050	$ 456,115
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Net Sales, Net, Percent	47.00%	49.00%	48.00%	46.00%
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Net Sales, Net, Percent	53.00%	51.00%	52.00%	54.00%

REVENUE ADDITIONAL DETAILS (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability, Revenue Recognized	$ 26	$ 30	$ 159	$ 144
Revenue, Remaining Performance Obligation, Amount	$ 2,200		$ 2,200
Revenue, Remaining Performance Obligation, Percentage	92.00%		92.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Explanation			12-36 months

ACQUISITIONS (Details) - USD ($) $ in Thousands	9 Months Ended
ACQUISITIONS (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross	$ 50,075	$ 210,167
Goodwill	1,104,796		$ 1,088,032
2018 acquisitions [Member]
Business Acquisition [Line Items]
Accounts Receivable		24,385
Inventory		31,875
Property, Plant, and Equipment		3,206
Other Current and Non-current Assets		47
Intangible Assets, Other than Goodwill		146,100
Current and Non-current Liabilities		(5,374)
Net Tangible and Intangible Assets		200,239
Payments to Acquire Businesses, Gross		210,167
Goodwill		9,928
Goodwill, Expected Tax Deductible Amount		$ 15,108
2019 acquisitions [Member]
Business Acquisition [Line Items]
Accounts Receivable	2,300
Inventory	322
Property, Plant, and Equipment	648
Other Current and Non-current Assets	479
Intangible Assets, Other than Goodwill	26,000
Right of Use Assets	1,393
Current and Non-current Liabilities	(3,252)
Net Tangible and Intangible Assets	27,890
Purchase Price, Net of Cash Acquired	50,075
Goodwill	22,185
Goodwill, Expected Tax Deductible Amount	$ 22,635

ACQUISITIONS Narrative (Details) $ in Thousands			9 Months Ended
ACQUISITIONS Narrative (Details) $ in Thousands	Mar. 15, 2019	Apr. 02, 2018	Sep. 30, 2019 USD ($) NumberAcquisitions	Sep. 30, 2018 USD ($) NumberAcquisitions
Business Acquisition [Line Items]
Number of Businesses Acquired \| NumberAcquisitions			1	1
Payments to Acquire Businesses, Gross			$ 50,075	$ 210,167
Revenue of Acquiree since Acquisition Date, Actual			8,000	41,000
Earnings or Loss of Acquiree since Acquisition Date, Actual			0	(2,000)
2019 acquisitions [Member]
Business Acquisition [Line Items]
Purchase Price, Net of Cash Acquired			50,075
2018 acquisitions [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross				210,167
Power [Member] \| Dresser-Rand Government Business (DRG) [Member]
Business Acquisition [Line Items]
Effective Date of Acquisition		Apr. 02, 2018
Payments to Acquire Businesses, Gross				$ 210,200
Defense [Member] \| Tactical Communications Group (TCG) [Member]
Business Acquisition [Line Items]
Effective Date of Acquisition	Mar. 15, 2019
Purchase Price, Net of Cash Acquired			$ 50,100

RECEIVABLES (Detail) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Billed receivables:
Trade and other receivables	$ 415,681	$ 390,306
Less: Allowance for doubtful accounts	(8,034)	(7,436)
Net billed receivables	407,647	382,870
Unbilled receivables:
Recoverable costs and estimated earnings not billed	245,805	225,810
Less: Progress payments applied	(9,302)	(14,925)
Net unbilled receivables	236,503	210,885
Receivables, net	$ 644,150	$ 593,755

INVENTORIES (Detail) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Inventory, Net [Abstract]
Raw material	$ 189,296	$ 214,442
Work-in-process	91,356	74,536
Finished goods and component parts	143,773	143,016
Inventoried costs related to U.S. Government and other long-term contracts	68,666	54,195
Gross inventories	493,091	486,189
Less: Inventory reserves	55,471	55,776
Progress payments applied	(7,534)	(6,987)
Inventories, net	$ 430,086	$ 423,426

INVENTORIES (Narrative) (Detail) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Inventory, Net [Abstract]
Other inventory, capitalized costs	$ 41.2	$ 44.4
Other inventory, capitalized costs to be liquidated under firm orders	$ 29.1	$ 18.7

GOODWILL (Detail) $ in Thousands	9 Months Ended
GOODWILL (Detail) $ in Thousands	Sep. 30, 2019 USD ($)
Goodwill [Roll Forward]
December 31, 2018	$ 1,088,032
Goodwill, Acquired During Period	22,185
Goodwill, Period Increase (Decrease)	208
Foreign currency translation adjustment	(5,213)
September 30, 2019	1,104,796
Commercial Industrial [Member]
Goodwill [Roll Forward]
December 31, 2018	442,015
Foreign currency translation adjustment	(3,555)
September 30, 2019	438,460
Defense [Member]
Goodwill [Roll Forward]
December 31, 2018	448,871
Goodwill, Acquired During Period	22,185
Goodwill, Period Increase (Decrease)	208
Foreign currency translation adjustment	(1,746)
September 30, 2019	469,102
Power [Member]
Goodwill [Roll Forward]
December 31, 2018	197,146
Foreign currency translation adjustment	88
September 30, 2019	$ 197,234

OTHER INTANGIBLE ASSETS, NET (Detail) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Finite Lived Intangible Assets [Line Items]
Gross	$ 804,274	$ 781,384
Accumulated Amortization	(383,816)	(351,817)
Net	420,458	429,567
Technology [Member]
Finite Lived Intangible Assets [Line Items]
Gross	243,782	238,212
Accumulated Amortization	(134,274)	(123,156)
Net	109,508	115,056
Customer Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Gross	375,218	358,832
Accumulated Amortization	(207,806)	(193,455)
Net	167,412	165,377
Contract and Program Intangible Assets [Member]
Finite Lived Intangible Assets [Line Items]
Gross	144,000	144,000
Accumulated Amortization	(10,800)	(5,400)
Net	133,200	138,600
Other Intangible Assets [Member]
Finite Lived Intangible Assets [Line Items]
Gross	41,274	40,340
Accumulated Amortization	(30,936)	(29,806)
Net	$ 10,338	$ 10,534

OTHER INTANGIBLE ASSETS, NET (Narrative) (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Finite Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 26.0
Amortization expense	34.0	$ 33.0
Future amortization expense in remainder of fiscal year	45.0
Future amortization expense in year two	43.0
Future amortization expense in year three	41.0
Future amortization expense in year four	39.0
Future amortization expense in year five	35.0
Technology [Member]
Finite Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 6.3
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	15 years
Customer Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 18.9
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	14 years 7 months 6 days
Other Intangible Assets [Member]
Finite Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 0.8
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	8 years

LEASES LEASES - Schedule of Lease Expenses (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Leases [Abstract]
Operating lease cost	$ 9,078	$ 24,436
Amortization of finance right-of-use assets	203	599
Interest on finance lease liabilities	124	377
Total finance lease cost	$ 327	$ 976

LEASES LEASES - Supplemental Cash Flows (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019 USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ (22,721)
Operating cash flows from finance leases	(377)
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 3,047

LEASES LEASES - Supplemental Balance Sheet (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Leases [Abstract]
Operating lease right-of-use asset	$ 134,286	$ 0
Current operating lease liability	24,199
Long-term operating lease liability	116,652	$ 0
Total operating lease liabilities	140,851
Property, plant and equipment	15,561
Accumulated depreciation	(5,273)
Property, plant and equipment, net	10,288
Current finance lease liability	790
Long-term finance lease liability	11,211
Total finance lease liabilities	$ 12,001
Operating Lease, Weighted Average Remaining Lease Term	7 years 10 months 24 days
Finance Lease, Weighted Average Remaining Lease Term	9 years 10 months 24 days
Operating Lease, Weighted Average Discount Rate, Percent	3.82%
Finance Lease, Weighted Average Discount Rate, Percent	4.05%

LEASES LEASES - Schedule of Maturities (Details) $ in Thousands	Sep. 30, 2019 USD ($)
Operating Lease [Abstract]
Lease payments due remainder of fiscal year	$ 7,339
Lease payments due year two	28,517
Lease payments due year three	25,607
Lease payments due year four	19,468
Lease payments due year five	17,625
Lease payments due after year five	65,173
Total lease payments	163,729
Less: imputed interest	22,878
Total operating lease liabilities	140,851
Finance Lease [Abstract]
Lease payments due remainder of fiscal year	333
Lease payments due year two	1,342
Lease payments due year three	1,375
Lease payments due year four	1,410
Lease payments due year five	1,445
Lease payments due after year five	8,892
Total lease payments	14,797
Less: imputed interest	2,796
Total finance lease liabilities	$ 12,001

LEASES LEASES - Narrative (Details) $ in Millions	Sep. 30, 2019 USD ($)
Operating Leased Assets [Line Items]
Operating lease not yet commenced	$ 27
Minimum [Member]
Operating Leased Assets [Line Items]
Term of Contract	1 year
Maximum [Member]
Operating Leased Assets [Line Items]
Term of Contract	25 years

FAIR VALUE OF FINANCIAL INSTRUMENTS (Debt) (Detail) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 761,137	$ 762,556
Estimated Fair Value	806,948	763,316
Long-term Debt, Gross	750,080	750,243
Debt Issuance Costs, Net	(624)	(714)
Deferred Gain (Loss) on Discontinuation of Interest Rate Fair Value Hedge	11,681	13,027
3.84% Senior notes due 2021 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	100,000	100,000
Estimated Fair Value	$ 102,547	100,359
Debt Instrument, Interest Rate, Stated Percentage	3.84%
3.70% Senior notes due 2023 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 202,500	202,500
Estimated Fair Value	$ 209,491	201,813
Debt Instrument, Interest Rate, Stated Percentage	3.70%
3.85% Senior notes due 2025 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 90,000	90,000
Estimated Fair Value	$ 95,166	89,711
Debt Instrument, Interest Rate, Stated Percentage	3.85%
4.24% Senior notes due 2026 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 200,000	200,000
Estimated Fair Value	$ 217,580	202,288
Debt Instrument, Interest Rate, Stated Percentage	4.24%
4.05% Senior notes due 2028 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 67,500	67,500
Estimated Fair Value	$ 72,962	66,942
Debt Instrument, Interest Rate, Stated Percentage	4.05%
4.11% Senior Notes [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 90,000	90,000
Estimated Fair Value	$ 98,065	89,647
Debt Instrument, Interest Rate, Stated Percentage	4.11%
Other debt [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 80	243
Estimated Fair Value	80	243
Long-term Debt, gross [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Estimated Fair Value	$ 795,891	$ 751,003

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Detail) - Pension Plans Defined Benefit [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 6,096	$ 7,344	$ 17,747	$ 20,345
Interest cost	7,045	6,574	21,788	19,629
Expected return on plan assets	(14,645)	(14,598)	(44,411)	(44,009)
Amortization of prior service cost	170	(105)	29	(230)
Amortization of unrecognized actuarial loss	1,557	4,843	6,741	12,652
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Total	$ 223	$ 4,058	$ 1,894	8,387
Defined Benefit Plan, Plan Assets, Contributions by Employer				$ 50,000

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Additional) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2019
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Contribution, Percentage, Maximum			7.00%	6.00%
Defined Contribution Plan, Cost	$ 4.2	$ 3.5	$ 13.8	$ 10.9
Defined Contribution Plan, Employer Discretionary Contribution Amount			$ 15.1
Forecast [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Discretionary Contribution Amount					$ 17.0

EARNINGS PER SHARE (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
EARNINGS PER SHARE (Detail) - shares shares in Thousands	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings Per Share Reconciliation [Abstract]
Basic weighted-average shares outstanding (shares)	42,709	43,892	42,755	44,060
Dilutive effect of stock options and deferred stock compensation (shares)	286	442	270	453
Diluted weighted-average shares outstanding (shares)	42,995	44,334	43,025	44,513

EARNINGS PER SHARE EARNINGS PER SHARE (Anti-dilutive) (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	0	0

SEGMENT INFORMATION (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
SEGMENT INFORMATION (Detail) - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Segment Reporting Information [Line Items]
Net sales	$ 614,880	$ 595,393	$ 1,832,190	$ 1,763,213
Operating income (expense)	105,569	97,047	283,299	263,621
Identifiable assets	3,482,309		3,482,309		$ 3,255,385
Commercial Industrial [Member]
Segment Reporting Information [Line Items]
Net sales	304,914	295,448	917,236	904,806
Operating income (expense)	48,086	44,786	143,768	135,747
Identifiable assets	1,462,833		1,462,833		1,398,601
Defense [Member]
Segment Reporting Information [Line Items]
Net sales	150,098	138,433	417,166	407,401
Operating income (expense)	38,210	33,615	85,524	91,984
Identifiable assets	1,080,148		1,080,148		961,298
Power [Member]
Segment Reporting Information [Line Items]
Net sales	160,943	162,176	501,672	456,383
Operating income (expense)	26,362	28,249	80,650	62,792
Identifiable assets	765,630		765,630		720,073
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Operating income (expense)	(7,089)	(9,603)	(26,643)	(26,902)
Identifiable assets	173,698		173,698		$ 175,413
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	$ (1,075)	$ (664)	$ (3,884)	$ (5,377)

SEGMENT INFORMATION (Reconciliation) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Segment Reporting [Abstract]
Total operating income	$ 105,569	$ 97,047	$ 283,299	$ 263,621
Interest expense	(7,951)	(7,949)	(23,183)	(25,719)
Other income, net	6,355	3,843	17,704	12,497
Earnings before income taxes	$ 103,973	$ 92,941	$ 277,820	$ 250,399

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			$ (288,447)	$ (216,840)	$ (216,840)
Other comprehensive income (loss) before reclassifications			(15,835)		(83,820)
Amounts reclassified from accumulated other comprehensive loss			4,626		12,213
Other comprehensive income (loss), net of tax	$ (23,423)	$ 1,228	(11,209)	(21,448)	(71,607)
Ending balance	(325,913)		(325,913)		(288,447)
Foreign Currency Translation Adjustments, Net [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(147,148)	(94,708)	(94,708)
Other comprehensive income (loss) before reclassifications			(15,952)		(52,440)
Amounts reclassified from accumulated other comprehensive loss			0		0
Other comprehensive income (loss), net of tax			(15,952)		(52,440)
Ending balance	(164,418)		(164,418)		(147,148)
Total Pension and Postretirment Adjustments, Net [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(141,299)	$ (122,132)	(122,132)
Other comprehensive income (loss) before reclassifications			117		(31,380)
Amounts reclassified from accumulated other comprehensive loss			4,626		12,213
Other comprehensive income (loss), net of tax			4,743		(19,167)
Ending balance	(161,495)		(161,495)		$ (141,299)
Accounting Standards Update 2018-02 [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Ending balance	(26,257)		(26,257)
Accounting Standards Update 2018-02 [Member] \| Foreign Currency Translation Adjustments, Net [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Ending balance	(1,318)		(1,318)
Accounting Standards Update 2018-02 [Member] \| Total Pension and Postretirment Adjustments, Net [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Ending balance	$ (24,939)		$ (24,939)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Reclass) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Earnings from continuing operations before income taxes	$ 103,973	$ 92,941	$ 277,820	$ 250,399
Reclassification out of Accumulated Other Comprehensive Income [Member] \| Total Pension and Postretirment Adjustments, Net [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amortization of prior service costs			463
Amortization of actuarial losses			(6,593)
Earnings from continuing operations before income taxes			(6,130)
Income tax			1,504
Net earnings			$ (4,626)

CONTINGENCIES AND COMMITMENTS (Detail) - USD ($)		9 Months Ended
CONTINGENCIES AND COMMITMENTS (Detail) - USD ($)	Oct. 10, 2013	Sep. 30, 2019	Dec. 31, 2018
Loss Contingencies [Line Items]
Malpractice Loss Contingency, Claims Incurred in Period		$ 400,000,000
Standby Letters Of Credit [Member]
Loss Contingencies [Line Items]
Letters of credit, outstanding		29,100,000	$ 21,700,000
FinancialStandbyLetterOfCreditMember
Loss Contingencies [Line Items]
Letters of credit, outstanding		10,200,000	$ 11,700,000
Failure to Meet Contractual Obligations [Member]
Loss Contingencies [Line Items]
Damages sought	$ 25,000,000
Surety Bond [Member]
Loss Contingencies [Line Items]
Surety Bond Outstanding		45,600,000
Damage from Fire, Explosion or Other Hazard [Member]
Loss Contingencies [Line Items]
Estimated Litigation Liability		1,000,000,000
Minimum [Member]
Loss Contingencies [Line Items]
Range of possible loss		0
Maximum [Member]
Loss Contingencies [Line Items]
Range of possible loss		55,500,000
AP1000 US [Member] \| Minimum [Member]
Loss Contingencies [Line Items]
Range of possible loss		0
AP1000 US [Member] \| Maximum [Member]
Loss Contingencies [Line Items]
Range of possible loss		$ 31,000,000