Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2020	Jul. 31, 2020
Cover [Abstract]
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	Jun. 30, 2020
Document Transition Report	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity common stock shares outstanding		41,576,986
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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Net Sales
Net sales	$ 550,047	$ 638,996	$ 1,151,278	$ 1,217,310
Total net sales	550,047	638,996	1,151,278	1,217,310
Cost of sales
Total cost of sales	364,021	408,952	764,673	790,393
Gross profit	186,026	230,044	386,605	426,917
Research and development expenses	18,269	18,900	36,576	36,141
Selling expenses	25,193	30,693	56,781	62,170
General and administrative expenses	76,606	74,766	153,264	150,876
Restructuring Charges	10,609	0	12,189	0
Operating income	55,349	105,685	127,795	177,730
Interest expense	(8,515)	(7,960)	(16,004)	(15,232)
Other income (expense), net	(4,105)	5,871	1,427	11,349
Earnings from continuing operations before income taxes	42,729	103,596	113,218	173,847
Provision for income taxes	(11,711)	(23,524)	(30,439)	(38,182)
Net earnings	$ 31,018	$ 80,072	$ 82,779	$ 135,665
Basic earnings per share
Basic earnings per share (usd per share)	$ 0.75	$ 1.87	$ 1.97	$ 3.17
Diluted earnings per share
Diluted earnings per share (usd per share)	0.74	1.86	1.95	3.15
Dividends per share	$ 0.17	$ 0.17	$ 0.34	$ 0.32
Weighted average shares outstanding:
Basic (shares)	41,629	42,758	42,092	42,776
Diluted (shares)	41,855	43,024	42,362	43,038
Product [Member]
Product sales	$ 466,445	$ 532,253	$ 964,374	$ 1,003,852
Cost of sales
Cost of Goods and Services Sold	309,152	342,726	639,965	654,682
Service [Member]
Net Sales
Net sales	83,602	106,743	186,904	213,458
Cost of sales
Cost of Goods and Services Sold	$ 54,869	$ 66,226	$ 124,708	$ 135,711

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

3 Months Ended

6 Months Ended

Jun. 30, 2020

Jun. 30, 2019

Jun. 30, 2020

Jun. 30, 2019

Statement of Comprehensive Income [Abstract]

Net earnings

$ 31,018

$ 80,072

$ 82,779

$ 135,665

Other comprehensive income

Foreign currency translation, net of tax

^[1]

24,185

540

(26,090)

8,782

Pension and postretirement adjustments, net of tax

^[2]

4,002

1,749

8,683

3,432

Other comprehensive income (loss), net of tax

28,187

2,289

(17,407)

12,214

Comprehensive income

$ 59,205

$ 82,361

$ 65,372

$ 147,879

[1]	The tax benefit included in other comprehensive income (loss) for foreign currency translation adjustments for the three and six months ended June 30, 2020 and June 30, 2019 was immaterial.
[2]	The tax expense included in other comprehensive income for pension and postretirement adjustments for the three and six months ended June 30, 2020 was $1.3 million and $2.7 million, respectively. The tax expense included in other comprehensive income for pension and postretirement adjustments for the three and six months ended June 30, 2019 was $0.6 million and $1.1 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

6 Months Ended

Jun. 30, 2020

Jun. 30, 2019

Jun. 30, 2020

Jun. 30, 2019

Statement of Comprehensive Income [Abstract]

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

^[1]

$ 1.3

$ 0.6

$ 2.7

$ 1.1

[1]

The tax expense included in other comprehensive income for pension and postretirement adjustments for the three and six months ended June 30, 2020 was $1.3 million and $2.7 million, respectively. The tax expense included in other comprehensive income for pension and postretirement adjustments for the three and six months ended June 30, 2019 was $0.6 million and $1.1 million, respectively.

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current Assets:
Cash and cash equivalents	$ 155,383	$ 391,033
Receivables, net	598,340	632,194
Inventories, net	461,902	424,835
Other current assets	51,584	81,729
Total current assets	1,267,209	1,529,791
Property, plant, and equipment, net	381,226	385,593
Goodwill	1,197,194	1,166,680
Other intangible assets, net	489,208	479,907
Operating Lease, Right-of-Use Asset	157,526	165,490
Assets for Plan Benefits, Defined Benefit Plan	123,695	0
Other assets	26,613	36,800
Total assets	3,642,671	3,764,261
Current liabilities:
Accounts payable	171,842	222,000
Accrued expenses	128,800	164,744
Income taxes payable	7,177	7,670
Deferred revenue	263,110	276,115
Other current liabilities	91,049	74,202
Total current liabilities	661,978	744,731
Long-term debt	834,802	760,639
Deferred Income Tax Liabilities, Net	92,941	80,159
Accrued pension and other postretirement benefit costs	90,004	138,635
Long-term operating lease liability	137,213	145,124
Long-term portion of environmental reserves	15,271	15,026
Other liabilities	97,167	105,575
Total liabilities	1,929,376	1,989,889
Stockholders' Equity
Common stock, $1 par value,100,000,000 shares authorized as of June 30, 2020 and December 31, 2019; 49,187,378 shares issued as of June 30, 2020 and December 31, 2019; outstanding shares were 41,565,240 as of June 30, 2020 and 42,680,215 as of December 31, 2019	49,187	49,187
Additional paid in capital	118,467	116,070
Retained earnings	2,565,727	2,497,111
Accumulated other comprehensive loss	(342,681)	(325,274)
Common treasury stock, at cost (7,622,138 shares as of June 30, 2020 and 6,507,163 shares as of December 31, 2019)	(677,405)	(562,722)
Total stockholders' equity	1,713,295	1,774,372
Total liabilities and stockholders' equity	$ 3,642,671	$ 3,764,261

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
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	42,680,215	41,565,240
Treasury Stock, Shares	7,622,138	6,507,163

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net earnings	$ 82,779	$ 135,665
Adjustments to reconcile net earnings to net cash provided by (used for) operating activities
Depreciation and amortization	56,568	51,600
Gain on fixed asset disposals	(373)	(6,080)
Deferred income taxes	4,208	1,450
Share-based compensation	7,140	6,980
Foreign exchange loss on substantial liquidation of subsidiary	9,550	0
Inventory Write-down	9,015	0
Change in operating assets and liabilities, net of businesses acquired and divested:
Accounts receivable, net	31,898	(37,621)
Inventories, net	(40,691)	(11,080)
Progress Payments	(470)	(356)
Accounts payable and accrued expenses	(81,848)	(87,430)
Deferred revenue	(12,622)	5,278
Income taxes payable	26,042	2,872
Net pension and postretirement liabilities	(149,514)	311
Other current and long-term assets and liabilities	6,109	(21,203)
Net cash provided by (used for) operating activities	(52,209)	40,386
Cash flows from investing activities:
Proceeds from sales and disposals of long lived assets	2,411	8,920
Payments to Acquire Intangible Assets	0	(147)
Additions to property, plant, and equipment	(29,324)	(33,471)
Acquisition of businesses, net of cash acquired	82,003	50,075
Net cash used for investing activities	(108,916)	(74,773)
Cash flows from financing activities:
Borrowings under revolving credit facility	306,797	7,318
Payment of revolving credit facility	(231,797)	(7,561)
Repurchases of common stock	(124,613)	(25,065)
Proceeds from share-based compensation	5,189	5,411
Dividends paid	(7,089)	(6,420)
Proceeds from (Payments for) Other Financing Activities	(429)	(395)
Net cash used for financing activities	(51,942)	(26,712)
Effect of exchange-rate changes on cash	(22,583)	1,377
Net decrease in cash and cash equivalents	(235,650)	(59,722)
Cash and cash equivalents at beginning of period	391,033	276,066
Cash and cash equivalents at end of period	155,383	216,344
Supplemental disclosure of non-cash activities:
Capital expenditures incurred but not yet paid	$ 152	$ 85

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, 2018		$ 49,187	$ 118,234	$ 2,191,471	$ (288,447)	$ (539,664)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	$ 135,665			135,665
Other Comprehensive Income (Loss), Net of Tax	12,214				12,214
Dividends paid/declared				(13,690)
Restricted stock			(5,491)			5,491
Stock options exercised			(1,822)			7,233
Other			(661)			661
Share-based compensation			6,575			405
Repurchases of common stock						(25,065)
Ending Balance at Jun. 30, 2019		49,187	116,835	2,339,703	(302,490)	(550,939)
Beginning Balance at Dec. 31, 2018		49,187	118,234	2,191,471	(288,447)	(539,664)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other Comprehensive Income (Loss), Net of Tax	(10,570)
Ending Balance at Dec. 31, 2019	1,774,372	49,187	116,070	2,497,111	(325,274)	(562,722)
Beginning Balance at Mar. 31, 2019		49,187	114,696	2,266,902	(304,779)	(540,426)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	80,072			80,072
Other Comprehensive Income (Loss), Net of Tax	2,289				2,289
Dividends paid/declared				(7,271)
Stock options exercised			(1,303)			2,038
Share-based compensation			3,442			43
Repurchases of common stock						(12,594)
Ending Balance at Jun. 30, 2019		49,187	116,835	2,339,703	(302,490)	(550,939)
Cumulative Effect of New Accounting Principle in Period of Adoption \| Accounting Standards Update 2018-02 [Member]				26,257	(26,257)
Beginning Balance at Dec. 31, 2019	1,774,372	49,187	116,070	2,497,111	(325,274)	(562,722)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	82,779			82,779
Other Comprehensive Income (Loss), Net of Tax	(17,407)				(17,407)
Dividends paid/declared				(14,163)
Restricted stock			(4,115)			4,115
Stock options exercised			106			5,081
Other			(517)			517
Share-based compensation			6,923			217
Repurchases of common stock						(124,613)
Ending Balance at Jun. 30, 2020	1,713,295	49,187	118,467	2,565,727	(342,681)	(677,405)
Beginning Balance at Mar. 31, 2020		49,187	114,911	2,541,777	(370,868)	(665,170)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings	31,018			31,018
Other Comprehensive Income (Loss), Net of Tax	28,187				28,187
Dividends paid/declared				(7,068)
Stock options exercised			(244)			365
Share-based compensation			3,800			0
Repurchases of common stock						(12,600)
Ending Balance at Jun. 30, 2020	$ 1,713,295	$ 49,187	$ 118,467	$ 2,565,727	$ (342,681)	$ (677,405)

BASIS OF PRESENTATION	6 Months Ended
BASIS OF PRESENTATION	Jun. 30, 2020
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 on contracts using the over-time revenue recognition accounting method, 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 six months ended June 30, 2020 and 2019, there were no significant changes in estimated contract costs. 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 2019 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. On January 1, 2020, the Corporation implemented an organizational change to align its reportable segments more closely with its current business structure. This change resulted in the transfer of two business units, one from the Commercial/Industrial segment to the Defense segment and the other from the Defense segment to the Power segment. While this organizational change resulted in the recasting of previously reported amounts across all reportable segments, it did not impact the Corporation’s previously reported consolidated financial statements. Recent accounting pronouncements adopted ASU 2016-13 -Financial Instruments—Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments. On January 1, 2020, the Company adopted ASU 2016-13 -Financial Instruments—Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments. This ASU added a current expected credit loss impairment model to U.S. GAAP based on expected losses rather than incurred losses. As the Corporation is not subject to material trade credit risk, the adoption of this standard did not result in any impact to its allowance for doubtful accounts balance as of January 1, 2020. As a result of adoption, the Corporation will utilize current and historical collection data as well as assess current economic conditions in order to determine expected trade credit losses on a prospective basis.

REVENUE (Notes)

6 Months Ended

Jun. 30, 2020

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 and six months ended June 30, 2020 accounted for approximately 54% and 53%, respectively, of total net sales. Revenue recognized on an over-time basis for both the three and six months ended June 30, 2019 accounted for approximately 48% 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 and six months ended June 30, 2020 accounted for approximately 46% and 47%, respectively, of total net sales. Revenue recognized at a point-in-time for both the three and six months ended June 30, 2019 accounted for approximately 52% 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 June 30, 2020, of which the Corporation expects to recognize approximately 89% 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						Six Months Ended
	June 30,						June 30,
(In thousands)	2020		2019		2020		2019
Defense
Aerospace	$	109,305	$	104,426	$	211,133	$	183,213
Ground	20,029		26,394		42,686		47,151
Naval	164,941		149,853		330,633		280,941
Total Defense Customers	$	294,275	$	280,673	$	584,452	$	511,305

Commercial
Aerospace	$	71,084	$	108,000	$	171,765	$	211,222
Power Generation	76,202		93,171		160,550		189,652
General Industrial	108,486		157,152		234,511		305,131
Total Commercial Customers	$	255,772	$	358,323	$	566,826	$	706,005

Total	$	550,047	$	638,996	$	1,151,278	$	1,217,310

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 six months ended June 30, 2020 included in the contract liabilities balance as

of January 1, 2020 was approximately $71 million and $160 million, respectively. Revenue recognized during the three and six months ended June 30, 2019 included in the contract liabilities balance as of January 1, 2019 was approximately $54 million and $133 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

6 Months Ended

Jun. 30, 2020

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 six months ended June 30, 2020, the Corporation acquired two businesses for an aggregate purchase price of $90 million, which are described in more detail below. During the six months ended June 30, 2019, the Corporation acquired one business for an aggregate purchase price of $50 million, which is described in more detail below.

The Condensed Consolidated Statement of Earnings for the six months ended June 30, 2020 includes $7 million of total net sales and $1 million of net losses from the Corporation's 2020 acquisitions. The Condensed Consolidated Statement of Earnings for the six months ended June 30, 2019 includes $4 million of total net sales and $1 million of net losses from the Corporation's 2019 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 six months ended June 30, 2020 and 2019.


(In thousands)	2020		2019
Accounts receivable	$	3,204	$	2,300
Inventory	10,233		322
Property, plant, and equipment	1,332		648
Other current and non-current assets	188		479
Intangible assets	39,384		26,000
Operating lease right-of-use assets, net	1,992		1,393
Current and non-current liabilities	(10,590)		(3,252)
Net tangible and intangible assets	45,743		27,890
Goodwill	43,862		22,185
Total purchase price	$	89,605	$	50,075

Cash paid to date, net of cash acquired	$	82,003	$	50,075
Due to seller	7,602		—
Total purchase price	$	89,605	$	50,075

Goodwill deductible for tax purposes	$	38,469	$	22,185

2020 Acquisitions

Integrated Air Defense System (IADS)

On April 20, 2020, the Corporation acquired the IADS product line for approximately $29 million. The Asset Purchase Agreement contains representations and warranties customary for a transaction of this type. IADS is a real-time display and post-test analysis product for flight tests. The acquired product line operates within the Defense segment. The acquisition is subject to post-closing adjustments with the purchase price allocation not yet complete.

Dyna-Flo Control Valve Services Ltd. (Dyna-Flo)

On February 26, 2020, the Corporation acquired 100% of the issued and outstanding share capital of Dyna-Flo for approximately $60 million, net of cash acquired. The Asset Purchase Agreement contains representations and warranties customary for a transaction of this type, including a portion of the purchase price held back as security for potential indemnification claims against the seller. Dyna-Flo specializes in control valves, actuators, and control systems for the chemical, petrochemical, and oil and gas markets. The acquired business operates within the Commercial/Industrial segment. The acquisition is subject to post-closing adjustments with the purchase price allocation not yet complete.

2019 Acquisition

Tactical Communications Group (TCG)

On March 15, 2019, the Corporation acquired 100% of the membership interests of TCG for $50 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.

RECEIVABLES

6 Months Ended

Jun. 30, 2020

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)	June 30, 2020		December 31, 2019
Billed receivables:
Trade and other receivables	$	361,749	$	418,968
Less: Allowance for doubtful accounts	(11,066)		(8,733)
Net billed receivables	350,683		410,235
Unbilled receivables (contract assets):
Recoverable costs and estimated earnings not billed	257,185		231,067
Less: Progress payments applied	(9,528)		(9,108)
Net unbilled receivables	247,657		221,959
Receivables, net	$	598,340	$	632,194

INVENTORIES

6 Months Ended

Jun. 30, 2020

Inventory, Net [Abstract]

INVENTORIES

INVENTORIESInventoried 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 net realizable value.

The composition of inventories is as follows:


(In thousands)	June 30, 2020		December 31, 2019
Raw materials	$	177,200	$	153,876
Work-in-process	107,566		100,359
Finished goods	124,698		108,329
Inventoried costs related to U.S. Government and other long-term contracts ⁽¹⁾	59,773		70,414
Inventories, net of reserves	469,237		432,978
Less: Progress payments applied	(7,335)		(8,143)
Inventories, net	$	461,902	$	424,835

⁽¹⁾As of June 30, 2020 and December 31, 2019, this caption also includes capitalized contract development costs of $32.4 million and $39.1 million, respectively, related to certain aerospace and defense programs. These capitalized costs will be liquidated as units are produced under contract. As of June 30, 2020 and December 31, 2019, capitalized development costs of $16.5 million and $23.7 million, respectively, are not currently supported by existing firm orders.

GOODWILL

6 Months Ended

Jun. 30, 2020

Goodwill [Abstract]

GOODWILL

The changes in the carrying amount of goodwill for the six months ended June 30, 2020 are as follows:


(In thousands)	Commercial/Industrial		Defense		Power		Consolidated
December 31, 2019	$	431,082	$	526,955	$	208,643	$	1,166,680
Acquisitions	29,233		14,629		—		43,862
Adjustments	—		(1,386)		—		(1,386)
Foreign currency translation adjustment	(5,334)		(5,942)		(686)		(11,962)
June 30, 2020	$	454,981	$	534,256	$	207,957	$	1,197,194

OTHER INTANGIBLE ASSETS, NET

6 Months Ended

Jun. 30, 2020

Intangible Assets, Net (Excluding Goodwill) [Abstract]

OTHER INTANGIBLE ASSETS, NET

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


	June 30, 2020										December 31, 2019
(In thousands)	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Technology	$	262,861	$	(145,060)	$	117,801	$	257,676	$	(140,390)	$	117,286
Customer related intangibles	459,417		(229,179)		230,238		434,492		(215,855)		218,637
Programs ⁽¹⁾	144,000		(16,200)		127,800		144,000		(12,600)		131,400
Other intangible assets	45,902		(32,533)		13,369		43,729		(31,145)		12,584
Total	$	912,180	$	(422,972)	$	489,208	$	879,897	$	(399,990)	$	479,907

⁽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 six months ended June 30, 2020, the Corporation acquired intangible assets of $39.4 million. The Corporation acquired Customer-related intangibles of $28.9 million, Technology of $8.1 million, and Other intangible assets of $2.4 million, which have weighted average amortization periods of 19.4 years, 15.0 years, and 7.5 years, respectively.

Total intangible amortization expense for the six months ended June 30, 2020 was $28.7 million, as compared to $22.6 million in the comparable prior year period. The estimated amortization expense for the five years ending December 31, 2020 through 2024 is $58 million, $48 million, $45 million, $41 million, and $38 million, respectively.

FAIR VALUE OF FINANCIAL INSTRUMENTS

6 Months Ended

Jun. 30, 2020

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 June 30, 2020 and December 31, 2019, 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 six months ended June 30, 2020 and 2019, the gains or (losses) recognized in income on forward exchange derivative contracts not designated for hedge accounting were as follows:


	Three Months Ended						Six Months Ended
(In thousands)	June 30,						June 30,
Derivatives not designated as hedging instrument	2020		2019		2020		2019
Forward exchange contracts:
General and administrative expenses	$	700	$	(2,158)	$	(7,432)	$	1,431

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 June 30, 2020. 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.


	June 30, 2020						December 31, 2019
(In thousands)	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
Revolving credit agreement, due 2024	$	75,000	$	75,000	$	—	$	—
3.84% Senior notes due 2021	100,000		102,137		100,000		102,079
3.70% Senior notes due 2023	202,500		209,416		202,500		207,882
3.85% Senior notes due 2025	90,000		95,028		90,000		93,838
4.24% Senior notes due 2026	200,000		217,026		200,000		213,126
4.05% Senior notes due 2028	67,500		72,655		67,500		71,260
4.11% Senior notes due 2028	90,000		97,159		90,000		95,607
Total debt	825,000		868,421		750,000		783,792
Debt issuance costs, net	(534)		(534)		(594)		(594)
Unamortized interest rate swap proceeds	10,336		10,336		11,233		11,233
Total debt, net	$	834,802	$	878,223	$	760,639	$	794,431

- 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

6 Months Ended

Jun. 30, 2020

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 2019 Annual Report on Form 10-K.

The components of net periodic pension cost for the three and six months ended June 30, 2020 and 2019 were as follows:


	Three Months Ended						Six Months Ended
	June 30,						June 30,
(In thousands)	2020		2019		2020		2019
Service cost	$	6,611	$	5,825	$	13,222	$	11,651
Interest cost	6,058		7,371		12,116		14,743
Expected return on plan assets	(16,896)		(14,882)		(33,792)		(29,766)
Amortization of prior service cost	(71)		(70)		(142)		(141)
Amortization of unrecognized actuarial loss	5,750		2,592		11,499		5,184
Net periodic pension cost	$	1,452	$	836	$	2,903	$	1,671

During the six months ended June 30, 2020, the Corporation made a $150 million voluntary contribution to the Curtiss-Wright Pension Plan. The Corporation does not expect to make any further contributions to the Curtiss-Wright Pension Plan in 2020. Contributions to the foreign benefit plans are not expected to be material in 2020.

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 up to a maximum employer contribution of 7% of eligible compensation. During the three and six months ended June 30, 2020, the expense relating to the plan was $4.3 million and $10.3 million, respectively. During the three and six months ended June 30, 2019, the expense relating to the plan was $4.2 million and $9.6 million, respectively. The Corporation made $14.0 million in contributions to the plan during the six months ended June 30, 2020, and expects to make total contributions of $18.3 million in 2020.

EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2020

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			Six Months Ended
	June 30,			June 30,
(In thousands)	2020	2019	2020	2019
Basic weighted-average shares outstanding	41,629	42,758	42,092	42,776
Dilutive effect of stock options and deferred stock compensation	226	266	270	262
Diluted weighted-average shares outstanding	41,855	43,024	42,362	43,038

For the three and six months ended June 30, 2020 and 2019, there were no anti-dilutive equity-based awards.

SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2020

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						Six Months Ended
	June 30,						June 30,
(In thousands)	2020		2019		2020		2019
Net sales
Commercial/Industrial	$	213,814	$	293,149	$	478,314	$	563,309
Defense	170,025		158,629		336,176		292,538
Power	166,684		188,419		337,688		363,454
Less: Intersegment revenues	(476)		(1,201)		(900)		(1,991)
Total consolidated	$	550,047	$	638,996	$	1,151,278	$	1,217,310

Operating income (expense)
Commercial/Industrial	$	14,366	$	51,376	$	49,353	$	86,581
Defense	27,872		32,607		56,576		53,339
Power	21,259		31,983		41,881		57,364
Corporate and eliminations ⁽¹⁾	(8,148)		(10,281)		(20,015)		(19,554)
Total consolidated	$	55,349	$	105,685	$	127,795	$	177,730

⁽¹⁾ Corporate and eliminations includes service costs related to pension and other postretirement benefits, 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						Six Months Ended
	June 30,						June 30,
(In thousands)	2020		2019		2020		2019
Total operating income	$	55,349	$	105,685	$	127,795	$	177,730
Interest expense	8,515		7,960		16,004		15,232
Other income (expense), net	(4,105)		5,871		1,427		11,349
Earnings before income taxes	$	42,729	$	103,596	$	113,218	$	173,847


(In thousands)	June 30, 2020		December 31, 2019
Identifiable assets
Commercial/Industrial	$	1,385,177	$	1,363,592
Defense	1,198,054		1,209,706
Power	885,353		885,727
Corporate and Other	174,087		305,236
Total consolidated	$	3,642,671	$	3,764,261

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jun. 30, 2020

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, 2018	$	(147,148)	$	(141,299)	$	(288,447)
Other comprehensive income (loss) before reclassifications	18,447		(35,212)		(16,765)
Amounts reclassified from accumulated other comprehensive loss	—		6,195		6,195
Net current period other comprehensive loss	18,447		(29,017)		(10,570)
Cumulative effect from adoption of ASU 2018-02	$	(1,318)	$	(24,939)	$	(26,257)
December 31, 2019	$	(130,019)	$	(195,255)	$	(325,274)
Other comprehensive income (loss) before reclassifications	(26,090)		316		(25,774)
Amounts reclassified from accumulated other comprehensive income (loss)	—		8,367		8,367
Net current period other comprehensive income (loss)	(26,090)		8,683		(17,407)
June 30, 2020	$	(156,109)	$	(186,572)	$	(342,681)

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	$	470	Other income (expense), net
Amortization of actuarial losses	(11,497)		Other income (expense), net
	(11,027)		Earnings before income taxes
	2,660		Provision for income taxes
Total reclassifications	$	(8,367)	Net earnings

CONTINGENCIES AND COMMITMENTS	6 Months Ended
CONTINGENCIES AND COMMITMENTS	Jun. 30, 2020
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 asbestos-related 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. 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 June 30, 2020 and December 31, 2019, there were $21.8 million and $32.6 million of stand-by letters of credit outstanding, respectively, and $6.4 million and $10.8 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 June 30, 2020, 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 June 30, 2020. As of June 30, 2020, 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.

RESTRUCTURING COSTS

6 Months Ended

Jun. 30, 2020

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure

RESTRUCTURING COSTS

During the three and six months ended June 30, 2020, the Corporation executed restructuring activities across all of its segments to support its ongoing effort of improving capacity utilization and operating efficiency. These restructuring activities, which include workforce reductions and consolidation of facilities, resulted in $15 million and $17 million of pre-tax charges for the three and six months ended June 30, 2020. Included in the aforementioned amounts for the three and six months ended June 30, 2020 were approximately $6 million and $7 million of non-cash charges, respectively, related to inventory write-downs and impairments of property, plant, and equipment and operating lease right-of-use assets. Inventory write-downs and asset impairments are reported in "Cost of product sales" and "Restructuring expenses," respectively, within the Condensed Consolidated Statement of Earnings. Pre-tax restructuring charges for the year ending December 31, 2020 are expected to be $35 million. The Company anticipates that these actions, which are expected to be substantially completed by the end of 2020, will result in total cost savings of approximately $40 million annually.

The following tables summarize the respective accrual balances related to these restructuring activities:


In thousands	Restructuring Accrual as of December 31, 2019		Provision		Cash Payments		Restructuring Accrual as of June 30, 2020
Commercial/Industrial
Severance	$	—	$	4,319	$	(1,083)	$	3,236
Facility closure and other exit costs	—		1,102		(1,102)		—
Total Commercial/Industrial	$	—	$	5,421	$	(2,185)	$	3,236

Defense
Severance	$	—	$	2,431	$	(1,896)	$	535
Facility closure and other exit costs	—		40		(40)		—
Total Defense	$	—	$	2,471	$	(1,936)	$	535

Power
Severance	$	—	$	2,553	$	(464)	$	2,089
Facility closure and other exit costs	—		156		(156)		—
Total Power	$	—	$	2,709	$	(620)	$	2,089

Consolidated
Severance	$	—	$	9,303	$	(3,443)	$	5,860
Facility closure and other exit costs	—		1,298		(1,298)		—
Total consolidated	$	—	$	10,601	$	(4,741)	$	5,860

BASIS OF PRESENTATION (Policies)	6 Months Ended
BASIS OF PRESENTATION (Policies)	Jun. 30, 2020
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 on contracts using the over-time revenue recognition accounting method, 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 six months ended June 30, 2020 and 2019, there were no significant changes in estimated contract costs. 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 2019 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. On January 1, 2020, the Corporation implemented an organizational change to align its reportable segments more closely with its current business structure. This change resulted in the transfer of two business units, one from the Commercial/Industrial segment to the Defense segment and the other from the Defense segment to the Power segment. While this organizational change resulted in the recasting of previously reported amounts across all reportable segments, it did not impact the Corporation’s previously reported consolidated financial statements.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent accounting pronouncements adoptedASU 2016-13 -Financial Instruments—Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments. On January 1, 2020, the Company adopted ASU 2016-13 -Financial Instruments—Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments. This ASU added a current expected credit loss impairment model to U.S. GAAP based on expected losses rather than incurred losses. As the Corporation is not subject to material trade credit risk, the adoption of this standard did not result in any impact to its allowance for doubtful accounts balance as of January 1, 2020. As a result of adoption, the Corporation will utilize current and historical collection data as well as assess current economic conditions in order to determine expected trade credit losses on a prospective basis.

REVENUE (Tables)

6 Months Ended

Jun. 30, 2020

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						Six Months Ended
	June 30,						June 30,
(In thousands)	2020		2019		2020		2019
Defense
Aerospace	$	109,305	$	104,426	$	211,133	$	183,213
Ground	20,029		26,394		42,686		47,151
Naval	164,941		149,853		330,633		280,941
Total Defense Customers	$	294,275	$	280,673	$	584,452	$	511,305

Commercial
Aerospace	$	71,084	$	108,000	$	171,765	$	211,222
Power Generation	76,202		93,171		160,550		189,652
General Industrial	108,486		157,152		234,511		305,131
Total Commercial Customers	$	255,772	$	358,323	$	566,826	$	706,005

Total	$	550,047	$	638,996	$	1,151,278	$	1,217,310

ACQUISITIONS (Tables)

6 Months Ended

Jun. 30, 2020

Business Combinations [Abstract]

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


(In thousands)	2020		2019
Accounts receivable	$	3,204	$	2,300
Inventory	10,233		322
Property, plant, and equipment	1,332		648
Other current and non-current assets	188		479
Intangible assets	39,384		26,000
Operating lease right-of-use assets, net	1,992		1,393
Current and non-current liabilities	(10,590)		(3,252)
Net tangible and intangible assets	45,743		27,890
Goodwill	43,862		22,185
Total purchase price	$	89,605	$	50,075

Cash paid to date, net of cash acquired	$	82,003	$	50,075
Due to seller	7,602		—
Total purchase price	$	89,605	$	50,075

Goodwill deductible for tax purposes	$	38,469	$	22,185

RECEIVABLES (Table)

6 Months Ended

Jun. 30, 2020

Receivables [Abstract]

Schedule Of Accounts Notes Loans And Financing Receivable

The composition of receivables is as follows:


(In thousands)	June 30, 2020		December 31, 2019
Billed receivables:
Trade and other receivables	$	361,749	$	418,968
Less: Allowance for doubtful accounts	(11,066)		(8,733)
Net billed receivables	350,683		410,235
Unbilled receivables (contract assets):
Recoverable costs and estimated earnings not billed	257,185		231,067
Less: Progress payments applied	(9,528)		(9,108)
Net unbilled receivables	247,657		221,959
Receivables, net	$	598,340	$	632,194

INVENTORIES (Table)

6 Months Ended

Jun. 30, 2020

Inventory, Net [Abstract]

Schedule Of Inventory


(In thousands)	June 30, 2020		December 31, 2019
Raw materials	$	177,200	$	153,876
Work-in-process	107,566		100,359
Finished goods	124,698		108,329
Inventoried costs related to U.S. Government and other long-term contracts ⁽¹⁾	59,773		70,414
Inventories, net of reserves	469,237		432,978
Less: Progress payments applied	(7,335)		(8,143)
Inventories, net	$	461,902	$	424,835

GOODWILL (Table)

6 Months Ended

Jun. 30, 2020

Goodwill [Abstract]

Schedule Of Goodwill

The changes in the carrying amount of goodwill for the six months ended June 30, 2020 are as follows:


(In thousands)	Commercial/Industrial		Defense		Power		Consolidated
December 31, 2019	$	431,082	$	526,955	$	208,643	$	1,166,680
Acquisitions	29,233		14,629		—		43,862
Adjustments	—		(1,386)		—		(1,386)
Foreign currency translation adjustment	(5,334)		(5,942)		(686)		(11,962)
June 30, 2020	$	454,981	$	534,256	$	207,957	$	1,197,194

OTHER INTANGIBLE ASSETS, NET (Table)

6 Months Ended

Jun. 30, 2020

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:


	June 30, 2020										December 31, 2019
(In thousands)	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Technology	$	262,861	$	(145,060)	$	117,801	$	257,676	$	(140,390)	$	117,286
Customer related intangibles	459,417		(229,179)		230,238		434,492		(215,855)		218,637
Programs ⁽¹⁾	144,000		(16,200)		127,800		144,000		(12,600)		131,400
Other intangible assets	45,902		(32,533)		13,369		43,729		(31,145)		12,584
Total	$	912,180	$	(422,972)	$	489,208	$	879,897	$	(399,990)	$	479,907

FAIR VALUE OF FINANCIAL INSTRUMENTS (Table)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Derivatives Not Designated as Hedging Instruments [Table Text Block]

Undesignated hedges

For the three and six months ended June 30, 2020 and 2019, the gains or (losses) recognized in income on forward exchange derivative contracts not designated for hedge accounting were as follows:


	Three Months Ended						Six Months Ended
(In thousands)	June 30,						June 30,
Derivatives not designated as hedging instrument	2020		2019		2020		2019
Forward exchange contracts:
General and administrative expenses	$	700	$	(2,158)	$	(7,432)	$	1,431

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


	June 30, 2020						December 31, 2019
(In thousands)	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
Revolving credit agreement, due 2024	$	75,000	$	75,000	$	—	$	—
3.84% Senior notes due 2021	100,000		102,137		100,000		102,079
3.70% Senior notes due 2023	202,500		209,416		202,500		207,882
3.85% Senior notes due 2025	90,000		95,028		90,000		93,838
4.24% Senior notes due 2026	200,000		217,026		200,000		213,126
4.05% Senior notes due 2028	67,500		72,655		67,500		71,260
4.11% Senior notes due 2028	90,000		97,159		90,000		95,607
Total debt	825,000		868,421		750,000		783,792
Debt issuance costs, net	(534)		(534)		(594)		(594)
Unamortized interest rate swap proceeds	10,336		10,336		11,233		11,233
Total debt, net	$	834,802	$	878,223	$	760,639	$	794,431

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Table)

6 Months Ended

Jun. 30, 2020

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 six months ended June 30, 2020 and 2019 were as follows:


	Three Months Ended						Six Months Ended
	June 30,						June 30,
(In thousands)	2020		2019		2020		2019
Service cost	$	6,611	$	5,825	$	13,222	$	11,651
Interest cost	6,058		7,371		12,116		14,743
Expected return on plan assets	(16,896)		(14,882)		(33,792)		(29,766)
Amortization of prior service cost	(71)		(70)		(142)		(141)
Amortization of unrecognized actuarial loss	5,750		2,592		11,499		5,184
Net periodic pension cost	$	1,452	$	836	$	2,903	$	1,671

EARNINGS PER SHARE (Table)

6 Months Ended

Jun. 30, 2020

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			Six Months Ended
	June 30,			June 30,
(In thousands)	2020	2019	2020	2019
Basic weighted-average shares outstanding	41,629	42,758	42,092	42,776
Dilutive effect of stock options and deferred stock compensation	226	266	270	262
Diluted weighted-average shares outstanding	41,855	43,024	42,362	43,038

SEGMENT INFORMATION (Table)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule Of Segment Reporting Information By Segment


	Three Months Ended						Six Months Ended
	June 30,						June 30,
(In thousands)	2020		2019		2020		2019
Net sales
Commercial/Industrial	$	213,814	$	293,149	$	478,314	$	563,309
Defense	170,025		158,629		336,176		292,538
Power	166,684		188,419		337,688		363,454
Less: Intersegment revenues	(476)		(1,201)		(900)		(1,991)
Total consolidated	$	550,047	$	638,996	$	1,151,278	$	1,217,310

Operating income (expense)
Commercial/Industrial	$	14,366	$	51,376	$	49,353	$	86,581
Defense	27,872		32,607		56,576		53,339
Power	21,259		31,983		41,881		57,364
Corporate and eliminations ⁽¹⁾	(8,148)		(10,281)		(20,015)		(19,554)
Total consolidated	$	55,349	$	105,685	$	127,795	$	177,730

⁽¹⁾ Corporate and eliminations includes service costs related to pension and other postretirement benefits, 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						Six Months Ended
	June 30,						June 30,
(In thousands)	2020		2019		2020		2019
Total operating income	$	55,349	$	105,685	$	127,795	$	177,730
Interest expense	8,515		7,960		16,004		15,232
Other income (expense), net	(4,105)		5,871		1,427		11,349
Earnings before income taxes	$	42,729	$	103,596	$	113,218	$	173,847

Reconciliation Of Assets From Segment To Consolidated


(In thousands)	June 30, 2020		December 31, 2019
Identifiable assets
Commercial/Industrial	$	1,385,177	$	1,363,592
Defense	1,198,054		1,209,706
Power	885,353		885,727
Corporate and Other	174,087		305,236
Total consolidated	$	3,642,671	$	3,764,261

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Table)

6 Months Ended

Jun. 30, 2020

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, 2018	$	(147,148)	$	(141,299)	$	(288,447)
Other comprehensive income (loss) before reclassifications	18,447		(35,212)		(16,765)
Amounts reclassified from accumulated other comprehensive loss	—		6,195		6,195
Net current period other comprehensive loss	18,447		(29,017)		(10,570)
Cumulative effect from adoption of ASU 2018-02	$	(1,318)	$	(24,939)	$	(26,257)
December 31, 2019	$	(130,019)	$	(195,255)	$	(325,274)
Other comprehensive income (loss) before reclassifications	(26,090)		316		(25,774)
Amounts reclassified from accumulated other comprehensive income (loss)	—		8,367		8,367
Net current period other comprehensive income (loss)	(26,090)		8,683		(17,407)
June 30, 2020	$	(156,109)	$	(186,572)	$	(342,681)

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	$	470	Other income (expense), net
Amortization of actuarial losses	(11,497)		Other income (expense), net
	(11,027)		Earnings before income taxes
	2,660		Provision for income taxes
Total reclassifications	$	(8,367)	Net earnings

RESTRUCTURING COSTS (Tables)

6 Months Ended

Jun. 30, 2020

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs

The following tables summarize the respective accrual balances related to these restructuring activities:


In thousands	Restructuring Accrual as of December 31, 2019		Provision		Cash Payments		Restructuring Accrual as of June 30, 2020
Commercial/Industrial
Severance	$	—	$	4,319	$	(1,083)	$	3,236
Facility closure and other exit costs	—		1,102		(1,102)		—
Total Commercial/Industrial	$	—	$	5,421	$	(2,185)	$	3,236

Defense
Severance	$	—	$	2,431	$	(1,896)	$	535
Facility closure and other exit costs	—		40		(40)		—
Total Defense	$	—	$	2,471	$	(1,936)	$	535

Power
Severance	$	—	$	2,553	$	(464)	$	2,089
Facility closure and other exit costs	—		156		(156)		—
Total Power	$	—	$	2,709	$	(620)	$	2,089

Consolidated
Severance	$	—	$	9,303	$	(3,443)	$	5,860
Facility closure and other exit costs	—		1,298		(1,298)		—
Total consolidated	$	—	$	10,601	$	(4,741)	$	5,860

REVENUE DISAGGREGATION OF REVENUE (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Net sales	$ 550,047	$ 638,996	$ 1,151,278	$ 1,217,310
Defense [Member]
Disaggregation of Revenue [Line Items]
Net sales	294,275	280,673	584,452	511,305
Commercial [Member]
Disaggregation of Revenue [Line Items]
Net sales	255,772	358,323	566,826	706,005
Defense Aerospace [Member] \| Defense [Member]
Disaggregation of Revenue [Line Items]
Net sales	109,305	104,426	211,133	183,213
Defense Ground [Member] \| Defense [Member]
Disaggregation of Revenue [Line Items]
Net sales	20,029	26,394	42,686	47,151
Naval [Member] \| Defense [Member]
Disaggregation of Revenue [Line Items]
Net sales	164,941	149,853	330,633	280,941
Commercial Aerospace [Member] \| Commercial [Member]
Disaggregation of Revenue [Line Items]
Net sales	71,084	108,000	171,765	211,222
Power Generation [Member] \| Commercial [Member]
Disaggregation of Revenue [Line Items]
Net sales	76,202	93,171	160,550	189,652
General Industrial [Member] \| Commercial [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 108,486	$ 157,152	$ 234,511	$ 305,131
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Net Sales, Net, Percent	54.00%	48.00%	53.00%	48.00%
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Net Sales, Net, Percent	46.00%	52.00%	47.00%	52.00%

REVENUE ADDITIONAL DETAILS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability, Revenue Recognized	$ 71	$ 54	$ 160	$ 133
Revenue, Remaining Performance Obligation, Amount	$ 2,200		$ 2,200
Revenue, Remaining Performance Obligation, Percentage	89.00%		89.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Explanation			12-36 months

ACQUISITIONS (Details) - USD ($) $ in Thousands	6 Months Ended
ACQUISITIONS (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill	$ 1,197,194		$ 1,166,680
Acquisition of businesses, net of cash acquired	82,003	$ 50,075
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 Assets Acquired (Liabilities) Assumed		27,890
Goodwill		22,185
Net Tangible and Intangible Assets		50,075
Acquisition of businesses, net of cash acquired		50,075
Business Combination, Consideration Transferred		50,075
Goodwill, Expected Tax Deductible Amount		$ 22,185
2020 acquisitions [Member]
Business Acquisition [Line Items]
Accounts Receivable	3,204
Inventory	10,233
Property, Plant, and Equipment	1,332
Other Current and Non-current Assets	188
Intangible Assets, Other than Goodwill	39,384
Right of Use Assets	1,992
Current and Non-current Liabilities	(10,590)
Net Tangible Assets Acquired (Liabilities) Assumed	45,743
Goodwill	43,862
Net Tangible and Intangible Assets	89,605
Cash paid to date, net of cash acquired	82,003
Payments To Acquire Business, Remaining To Be Paid	7,602
Business Combination, Consideration Transferred	89,605
Goodwill, Expected Tax Deductible Amount	$ 38,469

ACQUISITIONS Narrative (Details) $ in Thousands				6 Months Ended
ACQUISITIONS Narrative (Details) $ in Thousands	Apr. 20, 2020	Feb. 26, 2020	Mar. 15, 2019	Jun. 30, 2020 USD ($) NumberAcquisitions	Jun. 30, 2019 USD ($) NumberAcquisitions
Business Acquisition [Line Items]
Number of Businesses Acquired \| NumberAcquisitions				2	1
Revenue of Acquiree since Acquisition Date, Actual				$ 7,000	$ 4,000
Earnings or Loss of Acquiree since Acquisition Date, Actual				(1,000)	(1,000)
Acquisition of businesses, net of cash acquired				82,003	50,075
2019 acquisitions [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net					50,075
Acquisition of businesses, net of cash acquired					50,075
Defense [Member] \| Tactical Communications Group (TCG) [Member]
Business Acquisition [Line Items]
Effective Date of Acquisition			Mar. 15, 2019
Acquisition of businesses, net of cash acquired					$ 50,000
Defense [Member] \| Integrated Air Defense System (IADS) [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net				29,000
Effective Date of Acquisition	Apr. 20, 2020
Commercial Industrial [Member] \| Dyna-Flo Valve Services Ltd. (Dyna-Flo) [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net				$ 60,000
Effective Date of Acquisition		Feb. 26, 2020

RECEIVABLES (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Billed receivables:
Trade and other receivables	$ 361,749	$ 418,968
Less: Allowance for doubtful accounts	(11,066)	(8,733)
Net billed receivables	350,683	410,235
Unbilled receivables:
Recoverable costs and estimated earnings not billed	257,185	231,067
Less: Progress payments applied	(9,528)	(9,108)
Net unbilled receivables	247,657	221,959
Receivables, net	$ 598,340	$ 632,194

INVENTORIES (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Inventory, Net [Abstract]
Inventory, Raw Materials, Net of Reserves	$ 177,200	$ 153,876
Inventory, Work in Process, Net of Reserves	107,566	100,359
Inventory, Finished Goods, Net of Reserves	124,698	108,329
Inventory For Long-term Contracts Or Programs, Net Of Reserves	59,773	70,414
Inventories, Net of Reserves	469,237	432,978
Less: Progress payments applied	(7,335)	(8,143)
Inventories, net	$ 461,902	$ 424,835

INVENTORIES (Narrative) (Detail) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Inventory, Net [Abstract]
Other inventory, capitalized costs	$ 32.4	$ 39.1
Other Inventory Capitalized Costs Not Supported By Existing Firm Orders	$ 16.5	$ 23.7

GOODWILL (Detail) $ in Thousands	6 Months Ended
GOODWILL (Detail) $ in Thousands	Jun. 30, 2020 USD ($)
Goodwill [Roll Forward]
December 31, 2019	$ 1,166,680
Goodwill, Acquired During Period	43,862
Goodwill, Other Increase (Decrease)	(1,386)
Foreign currency translation adjustment	(11,962)
June 30, 2020	1,197,194
Commercial Industrial [Member]
Goodwill [Roll Forward]
December 31, 2019	431,082
Goodwill, Acquired During Period	29,233
Foreign currency translation adjustment	(5,334)
June 30, 2020	454,981
Defense [Member]
Goodwill [Roll Forward]
December 31, 2019	526,955
Goodwill, Acquired During Period	14,629
Goodwill, Other Increase (Decrease)	(1,386)
Foreign currency translation adjustment	(5,942)
June 30, 2020	534,256
Power [Member]
Goodwill [Roll Forward]
December 31, 2019	208,643
Foreign currency translation adjustment	(686)
June 30, 2020	$ 207,957

OTHER INTANGIBLE ASSETS, NET (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Finite Lived Intangible Assets [Line Items]
Gross	$ 912,180	$ 879,897
Accumulated Amortization	(422,972)	(399,990)
Net	489,208	479,907
Technology [Member]
Finite Lived Intangible Assets [Line Items]
Gross	262,861	257,676
Accumulated Amortization	(145,060)	(140,390)
Net	117,801	117,286
Customer Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Gross	459,417	434,492
Accumulated Amortization	(229,179)	(215,855)
Net	230,238	218,637
Contract and Program Intangible Assets [Member]
Finite Lived Intangible Assets [Line Items]
Gross	144,000	144,000
Accumulated Amortization	(16,200)	(12,600)
Net	127,800	131,400
Other Intangible Assets [Member]
Finite Lived Intangible Assets [Line Items]
Gross	45,902	43,729
Accumulated Amortization	(32,533)	(31,145)
Net	$ 13,369	$ 12,584

OTHER INTANGIBLE ASSETS, NET (Narrative) (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Finite Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 39.4
Amortization expense	28.7	$ 22.6
Future amortization expense in remainder of fiscal year	58.0
Future amortization expense in year two	48.0
Future amortization expense in year three	45.0
Future amortization expense in year four	41.0
Future amortization expense in year five	38.0
Technology [Member]
Finite Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 8.1
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	$ 28.9
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	19 years 4 months 24 days
Other Intangible Assets [Member]
Finite Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 2.4
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years 6 months

FAIR VALUE OF FINANCIAL INSTRUMENTS (Income Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
General and Administrative Expense [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	$ 700	$ (2,158)	$ (7,432)	$ 1,431

FAIR VALUE OF FINANCIAL INSTRUMENTS (Debt) (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 834,802	$ 760,639
Estimated Fair Value	878,223	794,431
Long-term Debt, Gross	825,000	750,000
Debt Issuance Costs, Net	(534)	(594)
Deferred Gain (Loss) on Discontinuation of Interest Rate Fair Value Hedge	10,336	11,233
Revolving Credit Facility [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	75,000
Estimated Fair Value	75,000
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	$ 102,137	102,079
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	$ 209,416	207,882
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	$ 95,028	93,838
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	$ 217,026	213,126
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	$ 72,655	71,260
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	$ 97,159	95,607
Debt Instrument, Interest Rate, Stated Percentage	4.11%
Long-term Debt, gross [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Estimated Fair Value	$ 868,421	$ 783,792

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Detail) - Pension Plans Defined Benefit [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 6,611	$ 5,825	$ 13,222	$ 11,651
Interest cost	6,058	7,371	12,116	14,743
Expected return on plan assets	(16,896)	(14,882)	(33,792)	(29,766)
Amortization of prior service cost	(71)	(70)	(142)	(141)
Amortization of unrecognized actuarial loss	5,750	2,592	11,499	5,184
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Total	$ 1,452	$ 836	2,903	$ 1,671
Defined Benefit Plan, Plan Assets, Contributions by Employer			$ 150,000

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Additional) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2020
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Contribution, Percentage, Maximum			7.00%
Defined Contribution Plan, Cost	$ 4.3	$ 4.2	$ 10.3	$ 9.6
Defined Contribution Plan, Employer Discretionary Contribution Amount			$ 14.0
Forecast [Member]
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Discretionary Contribution Amount					$ 18.3

EARNINGS PER SHARE (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
EARNINGS PER SHARE (Detail) - shares shares in Thousands	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share Reconciliation [Abstract]
Basic weighted-average shares outstanding (shares)	41,629	42,758	42,092	42,776
Dilutive effect of stock options and deferred stock compensation (shares)	226	266	270	262
Diluted weighted-average shares outstanding (shares)	41,855	43,024	42,362	43,038

EARNINGS PER SHARE EARNINGS PER SHARE (Anti-dilutive) (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
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		6 Months Ended
SEGMENT INFORMATION (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Net sales	$ 550,047	$ 638,996	$ 1,151,278	$ 1,217,310
Operating income (expense)	55,349	105,685	127,795	177,730
Identifiable assets	3,642,671		3,642,671		$ 3,764,261
Commercial Industrial [Member]
Segment Reporting Information [Line Items]
Net sales	213,814	293,149	478,314	563,309
Operating income (expense)	14,366	51,376	49,353	86,581
Identifiable assets	1,385,177		1,385,177		1,363,592
Defense [Member]
Segment Reporting Information [Line Items]
Net sales	170,025	158,629	336,176	292,538
Operating income (expense)	27,872	32,607	56,576	53,339
Identifiable assets	1,198,054		1,198,054		1,209,706
Power [Member]
Segment Reporting Information [Line Items]
Net sales	166,684	188,419	337,688	363,454
Operating income (expense)	21,259	31,983	41,881	57,364
Identifiable assets	885,353		885,353		885,727
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Operating income (expense)	(8,148)	(10,281)	(20,015)	(19,554)
Identifiable assets	174,087		174,087		$ 305,236
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	$ (476)	$ (1,201)	$ (900)	$ (1,991)

SEGMENT INFORMATION (Reconciliation) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting [Abstract]
Total operating income	$ 55,349	$ 105,685	$ 127,795	$ 177,730
Interest expense	(8,515)	(7,960)	(16,004)	(15,232)
Other income (expense), net	(4,105)	5,871	1,427	11,349
Earnings before income taxes	$ 42,729	$ 103,596	$ 113,218	$ 173,847

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			$ (325,274)	$ (288,447)	$ (288,447)
Other comprehensive income (loss) before reclassifications			(25,774)		(16,765)
Amounts reclassified from accumulated other comprehensive loss			8,367		6,195
Other comprehensive income (loss), net of tax	$ 28,187	$ 2,289	(17,407)	12,214	(10,570)
Ending balance	(342,681)		(342,681)		(325,274)
Foreign Currency Translation Adjustments, Net [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(130,019)	(147,148)	(147,148)
Other comprehensive income (loss) before reclassifications			(26,090)		18,447
Amounts reclassified from accumulated other comprehensive loss			0		0
Other comprehensive income (loss), net of tax			(26,090)		18,447
Ending balance	(156,109)		(156,109)		(130,019)
Total Pension and Postretirment Adjustments, Net [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(195,255)	$ (141,299)	(141,299)
Other comprehensive income (loss) before reclassifications			316		(35,212)
Amounts reclassified from accumulated other comprehensive loss			8,367		6,195
Other comprehensive income (loss), net of tax			8,683		(29,017)
Ending balance	$ (186,572)		(186,572)		(195,255)
Accounting Standards Update 2018-02 [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(26,257)
Ending balance					(26,257)
Accounting Standards Update 2018-02 [Member] \| Foreign Currency Translation Adjustments, Net [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(1,318)
Ending balance					(1,318)
Accounting Standards Update 2018-02 [Member] \| Total Pension and Postretirment Adjustments, Net [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			$ (24,939)
Ending balance					$ (24,939)

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Reclass) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Earnings from continuing operations before income taxes	$ 42,729	$ 103,596	$ 113,218	$ 173,847
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			470
Amortization of actuarial losses			(11,497)
Earnings from continuing operations before income taxes			(11,027)
Provision for income taxes			2,660
Net earnings			$ (8,367)

CONTINGENCIES AND COMMITMENTS (Detail) - USD ($)	Oct. 10, 2013	Jun. 30, 2020	Dec. 31, 2019
Standby Letters Of Credit [Member]
Loss Contingencies [Line Items]
Letters of credit, outstanding		$ 21,800,000	$ 32,600,000
FinancialStandbyLetterOfCreditMember
Loss Contingencies [Line Items]
Letters of credit, outstanding		6,400,000	$ 10,800,000
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
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

RESTRUCTURING COSTS - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Restructuring Cost and Reserve [Line Items]
Restructuring Costs	$ 15	$ 17
Restructuring and Related Cost, Expected Cost Through End Of Current Year		35
Effect on Future Earnings, Amount		40
Write-down and impairments [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Costs	$ 6	$ 7

RESTRUCTURING COSTS - Schedule of Restructuring Accrual (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	$ 5,860	$ 0
Increase (Decrease) in Restructuring Reserve	10,601
Payments for Restructuring	4,741
Commercial Industrial [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	3,236	0
Increase (Decrease) in Restructuring Reserve	5,421
Payments for Restructuring	2,185
Defense [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	535	0
Increase (Decrease) in Restructuring Reserve	2,471
Payments for Restructuring	1,936
Power [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	2,089	0
Increase (Decrease) in Restructuring Reserve	2,709
Payments for Restructuring	620
Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	5,860	0
Increase (Decrease) in Restructuring Reserve	9,303
Payments for Restructuring	3,443
Employee Severance [Member] \| Commercial Industrial [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	3,236	0
Increase (Decrease) in Restructuring Reserve	4,319
Payments for Restructuring	1,083
Employee Severance [Member] \| Defense [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	535	0
Increase (Decrease) in Restructuring Reserve	2,431
Payments for Restructuring	1,896
Employee Severance [Member] \| Power [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	2,089	0
Increase (Decrease) in Restructuring Reserve	2,553
Payments for Restructuring	464
Facility Closing [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	0	0
Increase (Decrease) in Restructuring Reserve	1,298
Payments for Restructuring	1,298
Facility Closing [Member] \| Commercial Industrial [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	0	0
Increase (Decrease) in Restructuring Reserve	1,102
Payments for Restructuring	1,102
Facility Closing [Member] \| Defense [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	0	0
Increase (Decrease) in Restructuring Reserve	40
Payments for Restructuring	40
Facility Closing [Member] \| Power [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	0	$ 0
Increase (Decrease) in Restructuring Reserve	156
Payments for Restructuring	$ 156