Curtiss-Wright (CW) 10-Q 1 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	Apr. 30, 2014
Document And Entity Information [Abstract]	'	'
Entity Registrant Name	'Curtiss Wright Corporation	'
Entity Central Index Key	'0000026324	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Large Accelerated Filer	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Amendment Flag	'false	'
Entity common stock shares outstanding	'	48,188,704
Entity well known seasoned issuer	'Yes	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'Yes	'

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Net sales	'	'
Product sales	$526,354	$486,584
Service sales	115,058	106,103
Total net sales	641,412	592,687
Cost of sales	'	'
Cost of product sales	363,654	339,626
Cost of service sales	75,606	69,354
Total cost of sales	439,260	408,980
Gross profit	202,152	183,707
Research and development expenses	18,349	17,608
Selling expenses	39,638	36,796
General and administrative expenses	85,064	91,277
Operating income	59,101	38,026
Interest expense	-9,054	-8,659
Other income, net	65	474
Earnings before income taxes	50,112	29,841
Provision for income taxes	14,948	8,898
Net earnings	$35,164	$20,943
Earnings Per Share [Abstract]	'	'
Basic earnings per share (usd per share)	$0.73	$0.45
Diluted earnings per share (usd per share)	$0.72	$0.44
Dividends per share	$0.13	$0.09
Weighted average shares outstanding:	'	'
Basic (shares)	47,982	46,615
Diluted (shares)	49,130	47,483

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Statement of Comprehensive Income [Abstract]	'		'
Net earnings	$35,164		$20,943
Other comprehensive income	'		'
Foreign currency translation, net of tax (1)	-9,917	[1]	-31,805	[1]
Pension and postretirement adjustments, net of tax (2)	786	[2]	2,786	[2]
Other comprehensive income (loss), net of tax	-9,131		-29,019
Comprehensive income (loss)	$26,033		($8,076)
[1]	The tax benefit (expense) included in other comprehensive income for foreign currency translation adjustments for the three months ended, March 31, 2014 and 2013 were and ($0.3) million and $1.2 million, respectively.
[2]	The tax benefit (expense) included in other comprehensive income for pension and postretirement adjustments for the three months ended March 31, 2014 and 2013 were and ($0.5) million and ($1.5) million, respectively.

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parentheticals) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Statement of Comprehensive Income [Abstract]	'	'
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	($0.30)	$1.20
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax, Portion Attributable to Parent	($0.50)	($1.50)

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current Assets:	'	'
Cash and cash equivalents	$127,967	$175,294
Receivables, net	618,418	603,592
Inventories, net	467,708	452,087
Deferred tax assets, net	49,841	47,650
Other current assets	56,872	58,660
Total current assets	1,320,806	1,337,283
Property, plant, and equipment, net	515,811	515,718
Goodwill	1,125,605	1,110,429
Other intangible assets, net	470,967	471,379
Other assets	25,446	23,465
Total assets	3,458,635	3,458,274
Current liabilities:	'	'
Current portion of long-term debt and short-term debt	705	1,334
Accounts payable	173,708	186,941
Accrued expenses	125,020	142,935
Income taxes payable	2,832	789
Deferred revenue	155,430	164,343
Other current liabilities	41,930	38,251
Total current liabilities	499,625	534,593
Long-term debt	971,330	958,604
Deferred tax liabilities, net	128,227	123,644
Accrued pension and other postretirement benefit costs	134,288	138,904
Long-term portion of environmental reserves	14,874	15,498
Other liabilities	113,947	134,326
Total liabilities	1,862,291	1,905,569
Stockholders' Equity	'	'
Common stock, $1 par value,100,000,000 shares authorized at March 31, 2014 and December 31, 2013; 49,189,702 shares issued at March 31, 2014 and December 31,2013; outstanding shares were 48,272,665 at March 31, 2014 and 47,638,835 at December 31, 2013.	49,190	49,190
Additional paid in capital	155,017	150,618
Retained earnings	1,409,859	1,380,981
Accumulated other comprehensive loss	16,128	25,259
Common treasury stock, at cost (917,037 shares at March 31, 2014 and 1,550,867 shares at December 31, 2013)	-33,850	-53,343
Total stockholders' equity	1,596,344	1,552,705
Total liabilities and stockholders' equity	$3,458,635	$3,458,274

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
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	49,189,702	49,189,702
Common Stock, Shares, Outstanding	48,272,665	47,638,835
Treasury Stock, Shares	917,037	1,550,867

CONDENSED_CONSOLIDATED_STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities:	'	'
Net earnings	$35,164	$20,943
Adjustments to reconcile net earnings to net cash used by operating activities:	'	'
Depreciation and amortization	30,952	30,400
Net gain on sale of assets	-17	-87
Deferred income taxes	-2,940	512
Share-based compensation	2,402	2,670
Change in operating assets and liabilities, net of businesses acquired and divested:	'	'
Accounts receivable, net	-10,842	-3,959
Inventories, net	-14,515	-10,872
Progress payments	-4,777	-9,240
Accounts payable and accrued expenses	-42,490	-36,541
Deferred revenue	-8,913	77
Income taxes payable	10,871	-1,678
Net pension and postretirement liabilities	-4,154	4,934
Other current and long-term assets and liabilities	-5,334	1,761
Net cash used for operating activities	-14,593	-1,080
Cash flows from investing activities:	'	'
Proceeds from sales and disposals of long lived assets	429	559
Additions to property, plant, and equipment	-18,365	-15,010
Acquisition of businesses, net of cash acquired	-32,857	-98,492
Additional consideration of prior period acquisitions	-230	-1,771
Net cash used for investing activities	-51,023	-114,714
Cash flows from financing activities:	'	'
Borrowings under revolving credit facility	163,483	417,075
Borrowings on debt	0	400,000
Payment of revolving credit facility	-164,089	-699,120
Principal payments on debt	-80	0
Repurchases of common stock	-5,013	0
Proceeds from share-based compensation	21,135	7,333
Excess tax benefits from share-based compensation	5,409	0
Net cash provided by financing activities	20,845	125,288
Effect of exchange-rate changes on cash	-2,556	-2,720
Net increase (decrease) in cash and cash equivalents	-47,327	6,774
Cash and cash equivalents at beginning of period	175,294	112,023
Cash and cash equivalents at end of period	127,967	118,797
Supplemental disclosure of non-cash activities:	'	'
Capital expenditures incurred but not yet paid	1,160	2,191
Property and equipment acquired under build to suit transaction	$8,008	$0

CONDENSED_CONSOLIDATED_STATEME4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) (USD $)	Total	Common Stock Member	Additional Paid In Capital Member	Retained Earnings Member	Accumulated Other Comprehensive Income (Loss) Member	Treasury Stock Member
In Thousands, unless otherwise specified
Beginning Balance at Dec. 31, 2012	'	$49,190	$151,883	$1,261,377	($55,508)	($94,350)
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'
Net earnings	'	'	'	137,981	'	'
Other comprehensive income, net of tax	80,767	'	'	'	80,767	'
Dividends paid/declared	'	'	'	-18,377	'	'
Stock options exercised, net of tax	'	'	-5,728	'	'	34,451
Restricted stock	'	'	-2,127	'	'	5,796
Share-based compensation	'	'	6,920	'	'	430
Other	'	'	-330	'	'	330
Ending Balance at Dec. 31, 2013	1,552,705	49,190	150,618	1,380,981	25,259	-53,343
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'
Net earnings	35,164	'	'	35,164	'	'
Other comprehensive income, net of tax	-9,131	'	'	'	-9,131	'
Dividends paid/declared	'	'	'	-6,286	'	'
Stock options exercised, net of tax	'	0	4,649	'	'	20,752
Restricted stock	'	'	-2,052	'	'	3,154
Share-based compensation	'	'	2,179	'	'	223
Repurchases of common stock	'	'	'	'	'	-5,013
Other	'	'	-377	'	'	377
Ending Balance at Mar. 31, 2014	$1,596,344	$49,190	$155,017	$1,409,859	$16,128	($33,850)

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2014
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 diversified, multinational manufacturing and service company that designs, manufactures, and overhauls precision components and systems and provides highly engineered products and services to the commercial/industrial, defense, and energy 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 in conformity with accounting principles generally accepted in the United States of America, which requires management to make estimates and judgments that affect the reported amount of assets, liabilities, revenue, and expenses and disclosure of contingent assets and liabilities in the accompanying financial statements. Actual results may differ from these estimates. The most significant of these estimates includes the estimate of costs to complete long-term contracts under the percentage-of-completion accounting methods, the estimate of useful lives for property, plant, and equipment, cash flow estimates used for testing the recoverability of assets, pension plan and postretirement obligation assumptions, estimates for inventory obsolescence, estimates for the valuation and useful lives of intangible assets, 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. In the three month periods ended March 31, 2014 and 2013, there were no individual 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 2013 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.
	Changes in Segment Presentation
	As a result of certain organizational changes in 2014, the Corporation revised its reportable segments to align to the major markets it currently serves: Commercial/Industrial, Defense, and Energy. Prior period financial information has been reclassified to conform to the current period presentation. The change in reportable segments did not impact the Corporation's previously reported Condensed Consolidated Financial Statements. See Note 10 of the Notes to the Condensed Consolidated Financial Statements for more information on the Corporation's reportable segments.
	Corrections to Prior Years Amounts
	The presentation of net sales and cost of sales in the prior year's statement of earnings has been corrected to separately present the components of product and service revenues and costs of sales. This change in presentation did not affect total revenues, total cost of sales, total gross profit, operating income, or net earnings.

ACQUISITION

ACQUISITION	3 Months Ended
	Mar. 31, 2014
Business Combinations [Abstract]	'
ACQUISITION	'
	ACQUISITIONS
	The Corporation evaluates potential acquisitions that either strategically fit within the Corporation’s existing portfolio or expand the Corporation’s portfolio into new product lines or adjacent markets. The Corporation has completed a number of acquisitions that have been accounted for as business combinations and have resulted in the recognition of goodwill in the Corporation's financial statements. This goodwill arises because the purchase prices for these businesses reflect the future earnings and cash flow potential in excess of the earnings and cash flows attributable to the current product and customer set at the time of acquisition.  Thus, goodwill inherently includes the know-how of the assembled workforce, the ability of the workforce to further improve the technology and product offerings, and the expected cash flows resulting from these efforts.  Goodwill may also include expected synergies resulting from the complementary strategic fit these businesses bring to existing operations.
	The Corporation allocates the purchase price at the date of acquisition based upon its understanding of the fair value of the acquired assets and assumed liabilities. In the months after closing, as the Corporation obtains additional information about these assets and liabilities, including through tangible and intangible asset appraisals, and as the Corporation learns more about the newly acquired business, it is able to refine the estimates of fair value and more accurately allocate the purchase price.  Adjustments to the purchase price allocation are made only for those items identified as of the acquisition date and prior to completion of the measurement period.
	The Corporation acquired two businesses during the three months ended March 31, 2014, described in more detail below.
	The amounts of net sales and net loss included in the Corporation’s consolidated statement of earnings from the acquisition date to the period ended March 31, 2014 are $2.7 million and $0.3 million, respectively.
	COMMERCIAL/INDUSTRIAL
	Component Coating and Repair Services Limited
	On January 10, 2014, the Corporation acquired 100% of the issued and outstanding capital stock of Component Coating and Repair Services Limited (CCRS) for approximately £15 million ($25 million) in cash, net of cash acquired. The Share Purchase Agreement contains a purchase price adjustment mechanism and representations and warranties customary for a transaction of this type, including a portion of the purchase price deposited into escrow as security for potential indemnification claims against the sellers. CCRS operates out of two locations in Glasgow and Alfreton in the United Kingdom and will operate within the Corporation's Commercial/Industrial segment. CCRS is a provider of corrosion resistant coatings and precision airfoil repair services for aerospace and industrial turbine applications. Revenues were approximately £6.4 million in the latest fiscal year ending May 31, 2013.
	The purchase price of the acquisition has been allocated to the net tangible and intangible assets acquired with the remainder recorded as goodwill on the basis of estimated fair values, as follows:
	(In thousands)	CCRS
	Accounts receivable	$	2,984
	Inventory	64
	Property, plant, and equipment	1,987
	Other current and non-current assets	71
	Intangible assets	9,560
	Current and non-current liabilities	(1,754		)
	Due from Seller	248
	Deferred income taxes	(2,058		)
	Net tangible and intangible assets	11,102
	Purchase price	24,892
	Goodwill	$	13,790
	Amount of tax deductible goodwill	$	—
	ENERGY
	Nuclear Power Services Inc.
	On February 18, 2014, the Corporation acquired certain assets and assumed certain liabilities of Nuclear Power Services Inc. (NPSI) for approximately CAD 9 million (approximately $8.0 million) in cash. 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. NPSI is based in Ontario, Canada and will operate within the Corporation's Energy segment. NPSI provides qualified nuclear component sourcing, Equipment Qualification, Commercial Grade Dedication (CGD) services, and Instrumentation & Control component manufacturing primarily to the Canadian and International CANDU nuclear industry. NPSI generated revenues of approximately CAD 5 million for the year ended December 31, 2013.
	Supplemental Pro Forma Statements of Operations Data
	The assets, liabilities and results of operations of the businesses acquired in 2014 were not material to the Corporation’s consolidated financial position or results of operations and therefore pro forma financial information for the acquisitions are not presented.
	As it relates to the prior year, the following table presents unaudited consolidated pro forma financial information for the combined results of the Corporation and its completed business acquisitions during the year ended December 31, 2013 as if the acquisitions had occurred on January 1, 2013 for purposes of the financial information presented for the period ended March 31, 2013.
			Three Months Ended
			March 31,
	(In thousands, except per share data)		2013
	Net sales		$	621,219
	Net earnings		22,054
	Diluted earnings per share		0.46
	The unaudited pro forma consolidated results were prepared using the acquisition method of accounting and are based on historical financial information. The unaudited pro forma consolidated results are not necessarily indicative of what our consolidated results of operations actually would have been had we completed the acquisitions on January 1, 2013. In addition, the unaudited pro forma consolidated results do not purport to project the future results of operations of the combined company nor do they reflect the expected realization of any cost savings associated with the acquisition. The unaudited pro forma consolidated results reflect primarily the following pro forma pre-tax adjustments:
	•	Additional amortization expense related to the fair value of identifiable intangible assets acquired of approximately $1.6 million.
	•	Additional interest expense associated with the incremental borrowings that would have been incurred to acquire these companies as of January 1, 2013 of $1.8 million.

RECEIVABLES

RECEIVABLES	3 Months Ended
	Mar. 31, 2014
Receivables [Abstract]	'
RECEIVABLES	'
	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)
		March 31, 2014			December 31, 2013
	Billed receivables:
	Trade and other receivables	$	453,190		$	444,841
	Less: Allowance for doubtful accounts	(6,390		)	(6,857		)
	Net billed receivables	446,800			437,984
	Unbilled receivables:
	Recoverable costs and estimated earnings not billed	187,801			184,120
	Less: Progress payments applied	(16,183		)	(18,512		)
	Net unbilled receivables	171,618			165,608
	Receivables, net	$	618,418		$	603,592

INVENTORIES

INVENTORIES	3 Months Ended
	Mar. 31, 2014
Inventory, Net [Abstract]	'
INVENTORIES	'
	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)
		31-Mar-14			31-Dec-13
	Raw materials	$	245,619		$	231,219
	Work-in-process	113,974			114,372
	Finished goods and component parts	123,650			117,444
	Inventoried costs related to long-term contracts	51,490			58,796
	Gross inventories	534,733			521,831
	Less:  Inventory reserves	(54,129		)	(54,400		)
	Progress payments applied	(12,896		)	(15,344		)
	Inventories, net	$	467,708		$	452,087
	As of March 31, 2014 and December 31, 2013, inventory also includes capitalized contract development costs of $37.3 million and $37.1 million, respectively, related to certain aerospace and defense programs. These capitalized costs will be liquidated as production units are delivered to the customer. As of March 31, 2014 and December 31, 2013, $9.8 million and $13.8 million, respectively, are scheduled to be liquidated under existing firm orders.

GOODWILL

GOODWILL	3 Months Ended
	Mar. 31, 2014
Goodwill [Abstract]	'
GOODWILL	'
	GOODWILL
	In connection with the change in reportable segments discussed in Note 10, we reallocated the goodwill that existed as of December 31, 2013 to our new segments on a relative fair value basis.
	The changes in the carrying amount of goodwill for the three months ended March 31, 2014 are as follows:
		(In thousands)
		Commercial/ Industrial		Defense			Energy			Consolidated
	December 31, 2013	$	347,819	$	485,431		$	277,179		$	1,110,429
	Acquisitions	13,790		—			3,640			17,430
	Goodwill adjustments	—		(254		)	—			(254		)
	Foreign currency translation adjustment	453		(2,092		)	(361		)	(2,000		)
	March 31, 2014	$	362,062	$	483,085		$	280,458		$	1,125,605
	During the first quarter of 2014, the Corporation performed a goodwill impairment assessment as a result of the change in its reportable segments. The Corporation tests for goodwill impairment at the reporting unit level, which is one level below the operating segment. The Corporation allocated goodwill to each reporting unit based on its relative fair value and then compared the fair value of the reporting units to the reporting units carrying amount and determined that goodwill was not impaired since the fair values of each of the reporting units substantially exceeded their carrying amounts, with the exception of the Oil and Gas reporting unit, in the Energy segment. Based on the results of our impairment analysis, the Corporation does not believe that an impairment exists. For further discussion on the Corporation’s interim impairment analysis please refer to our Critical Accounting Policy section in Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

OTHER_INTANGIBLE_ASSETS_NET

OTHER INTANGIBLE ASSETS, NET	3 Months Ended
	Mar. 31, 2014
Intangible Assets, Net (Excluding Goodwill) [Abstract]	'
OTHER INTANGIBLE ASSETS, NET	'
	OTHER INTANGIBLE ASSETS, NET
	The following tables present the cumulative composition of the Corporation’s intangible assets:
		(In thousands)
	March 31, 2014	Gross		Accumulated Amortization			Net
	Technology	$	213,202	$	(91,628	)	$	121,574
	Customer related intangibles	452,118		(134,244		)	317,874
	Other intangible assets	56,988		(25,469		)	31,519
	Total	$	722,308	$	(251,341	)	$	470,967
		(In thousands)
	December 31, 2013	Gross		Accumulated Amortization			Net
	Technology	$	213,888	$	(88,644	)	$	125,244
	Customer related intangibles	430,604		(127,194		)	303,410
	Other intangible assets	66,436		(23,711		)	42,725
	Total	$	710,928	$	(239,549	)	$	471,379
	During the first three months of 2014, the Corporation acquired intangible assets of $13.0 million. The Corporation acquired Customer related intangibles of $12.8 million and Other intangibles of $0.2 million, which have a weighted average amortization period of 13.5 and 1.0 years, respectively.
	Total intangible amortization expense for the three months ended March 31, 2014 was $12.7 million as compared to $12.4 million in the prior year period.  The estimated amortization expense for the five years ending December 31, 2014 through 2018 is $48.5 million, $45.4 million, $44.1 million, $43.5 million, and $41.9 million, respectively.

FAIR_VALUE_OF_FINANCIAL_INSTRU

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2014
Fair Value Disclosures [Abstract]	'
FAIR VALUE OF FINANCIAL INSTRUMENTS	'
	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.
	For interest rate swaps designated as fair value hedges (i.e., hedges against the exposure to changes in the fair value of an asset or a liability or an identified portion thereof that is attributable to a particular risk), changes in the fair value of the interest rate swaps offset changes in the fair value of the fixed rate debt due to changes in market interest rates.
	The notional amounts of the Corporation’s outstanding interest rate swaps designated as fair value hedges were $400 million at March 31, 2014.
	The fair value accounting guidance requires that assets and liabilities carried at fair value be classified and disclosed in one of the following three categories:
	Level 1: Quoted market prices in active markets for identical assets or liabilities that the company has the ability to access.
	Level 2: Observable market based inputs or unobservable inputs that are corroborated by market data such as quoted prices, interest rates and yield curves.
	Level 3: Inputs are unobservable data points that are not corroborated by market data.
	Based upon the fair value hierarchy, all of the forward foreign exchange contracts and interest rate swaps are valued at a Level 2.
	Effects on Consolidated Balance Sheets
	The location and amounts of derivative instrument fair values in the condensed consolidated balance sheet are below.
		(In thousands)
		March 31, 2014				December 31, 2013
	Assets
	Undesignated for hedge accounting
	Forward exchange contracts	$	67			$	605
	Total asset derivatives (A)	$	67			$	605
	Liabilities
	Designated for hedge accounting
	Interest rate swaps	$	37,070			$	49,845
	Undesignated for hedge accounting
	Forward exchange contracts	$	193			$	277
	Total liability derivatives (B)	$	37,263			$	50,122
	(A)Forward exchange derivatives are included in Other current assets.
	(B)Forward exchange derivatives are included in Other current liabilities and interest rate swap liabilities are included in Other liabilities.
	Effects on Condensed Consolidated Statements of Earnings
	Fair value hedge
	The location and amount of gains or losses on the hedged fixed rate debt attributable to changes in the market interest rates and the offsetting gain (loss) on the related interest rate swaps for the three months ended March 31, were as follows:
			Gain/(Loss) on Swap								Gain/(Loss) on Borrowings
			Three Months Ended								Three Months Ended
	(In thousands)		March 31,								March 31,
	Income Statement Classification		2014				2013				2014				2013
	Other income, net		$	12,775			$	(10,950	)		$	(12,775	)		$	10,950
	Undesignated hedges
	The location and amount of gains and losses recognized in income on forward exchange derivative contracts not designated for hedge accounting for the three months ended March 31, were as follows:
			Three Months Ended
	(In thousands)		March 31,
	Derivatives not designated as hedging instrument		2014				2013
	Forward exchange contracts:
	General and administrative expenses		$	(2,950	)		$	(1,561	)
	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 issues as of March 31, 2014.  Accordingly, all of the Corporation’s debt is valued at a Level 2.  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.
	The carrying amount of the variable interest rate debt approximates fair value as the interest rates are reset periodically to reflect current market conditions.
		(In thousands)
		March 31, 2014								December 31, 2013
		Carrying Value				Estimated Fair Value				Carrying Value				Estimated Fair Value
	Industrial revenue bond, due 2023	$	8,400			$	8,400			$	8,400			$	8,400
	Revolving credit agreement, due 2017	50,000				50,000				50,000				50,000
	5.51% Senior notes due 2017	150,000				163,324				150,000				163,059
	3.84% Senior notes due 2021	99,027				99,027				98,632				98,632
	3.70% Senior notes due 2023	225,000				216,947				225,000				209,140
	3.85% Senior notes due 2025	91,564				91,564				88,555				88,555
	4.24% Senior notes due 2026	180,096				180,096				173,557				173,557
	4.05% Senior notes due 2028	67,243				67,243				64,411				64,411
	4.11% Senior notes due 2028	100,000				92,569				100,000				89,252
	Other debt	705				705				1,383				1,383
	Total debt	$	972,035			$	969,875			$	959,938			$	946,389

PENSION_AND_OTHER_POSTRETIREME

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS	3 Months Ended
	Mar. 31, 2014
General Discussion of Pension and Other Postretirement Benefits [Abstract]	'
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS	'
	PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS
	The following tables are consolidated disclosures of all domestic and foreign defined pension plans as described in the Corporation’s 2013Annual Report on Form 10-K.  The postretirement benefits information includes the domestic Curtiss-Wright Corporation, Williams, and EMD postretirement benefit plans, as there are no foreign postretirement benefit plans.
	Pension Plans
	The components of net periodic pension cost for the three months ended March 31, 2014 and 2013 are as follows:
		(In thousands)
		Three Months Ended
		March 31,
		2014			2013
	Service cost	$	6,370		$	10,819
	Interest cost	7,544			6,735
	Expected return on plan assets	(10,413		)	(8,886		)
	Amortization of prior service cost	158			300
	Amortization of unrecognized actuarial loss	1,483			4,272
	Net periodic benefit cost	$	5,142		$	13,240
	During the three months ended March 31, 2014, the Corporation made $7.8 million in contributions to the Curtiss-Wright Pension Plan, and expects to make total contributions of $40.0 million in 2014.  In addition, contributions of $0.7 million were made to the Corporation’s foreign benefit plans during the three months ended March 31, 2014.  Contributions to the foreign benefit plans are expected to be $3.4 million in 2014.
	Other Postretirement Benefit Plans
	The components of the Corporation's net postretirement benefit cost for the three months ended March 31, 2014 and 2013 are as follows:
		Three Months Ended
		March 31,
	(In thousands)	2014			2013
	Service cost	$	71		$	100
	Interest cost	219			208
	Amortization of prior service cost	(164		)	(157		)
	Amortization of unrecognized actuarial gain	(203		)	(160		)
	Net postretirement benefit cost (income)	$	(77	)	$	(9	)
	During the three months ended March 31, 2014, the Corporation paid $0.4 million to the postretirement plans. During 2014, the Corporation anticipates contributing $1.7 million to the postretirement plans.
	Defined Contribution Retirement Plan
	Effective January 1, 2014, all non-union employees who are 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 6% of eligible compensation.  During the three months ended March 31, 2014, the expense relating to the plan was $3.9 million.  The Corporation made $1.6 million in contributions to the plan for the first quarter, and expects to make total contributions of $7.0 million in 2014.

EARNINGS_PER_SHARE

EARNINGS PER SHARE	3 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
EARNINGS PER SHARE	'
	EARNINGS PER SHARE
	Diluted earnings per share were 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:
		(In thousands)
		Three Months Ended
		March 31,
		2014	2013
	Basic weighted-average shares outstanding	47,982	46,615
	Dilutive effect of stock options and deferred stock compensation	1,148	868
	Diluted weighted-average shares outstanding	49,130	47,483
	As of March 31, 2014, there were no stock options outstanding that were considered anti-dilutive. As of March 31, 2013, there were 622,000 stock options outstanding that could potentially dilute earnings per share in the future, which were excluded from the computation of diluted earnings per share, as they would be considered anti-dilutive.

SEGMENT_INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
SEGMENT INFORMATION	'
	SEGMENT INFORMATION
	Prior to the first quarter of 2014, the Corporation reported its results of operations through three segments: Flow Control, Controls, and Surface Technologies. Beginning in the first quarter of 2014, the Corporation realigned its reportable segments with its end markets to strengthen its ability to service customers and recognize certain organizational efficiencies. As result of this realignment the Corporation has three new reportable segments: Commercial/Industrial, Defense, and Energy. The Corporation's former Surface Technologies segment is consolidated within the new Commercial/Industrial segment. The commercial businesses which were in the former Controls segment form part of the new Commercial/Industrial segment. The Corporation's defense businesses, which were primarily in the Corporation’s former Controls segment and to a lesser extent in the former Flow Control segment, are now consolidated within the new Defense segment. The Corporation's Oil and Gas and Nuclear divisions, which were in the former Flow Control segment, form the new Energy segment.
	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 because 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 was as follows:
			(In thousands)
			Three Months Ended
			March 31,
			2014				2013
	Net sales
	Commercial/Industrial		$	266,925			$	220,966
	Defense		202,523				211,745
	Energy		173,844				167,742
	Less: Intersegment revenues		(1,880		)		(7,766		)
	Total consolidated		$	641,412			$	592,687
	Operating income (expense)
	Commercial/Industrial		$	32,960			$	20,651
	Defense		21,174				16,877
	Energy		12,552				10,796
	Corporate and eliminations (1)		(7,585		)		(10,298		)
	Total consolidated		$	59,101			$	38,026
	(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:
			(In thousands)
			Three Months Ended
			March 31,
			2014				2013
	Total operating income		$	59,101			$	38,026
	Interest expense		(9,054		)		(8,659		)
	Other income, net		65				474
	Earnings before income taxes		$	50,112			$	29,841
		(In thousands)
		31-Mar-14				31-Dec-13
	Identifiable assets
	Commercial/Industrial	$	1,360,283			$	1,310,521
	Defense	1,220,473				1,292,462
	Energy	813,985				798,028
	Corporate and Other	63,894				57,263
	Total consolidated	$	3,458,635			$	3,458,274

ACCUMULATED_OTHER_COMPREHENSIV

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	3 Months Ended
	Mar. 31, 2014
Stockholders' Equity Note [Abstract]	'
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	'
	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
	The cumulative balance of each component of accumulated other comprehensive income (loss), net of tax, is as follows:
		(In thousands)
		Foreign currency translation adjustments, net			Total pension and postretirement adjustments, net			Accumulated other comprehensive income (loss)
	December 31, 2012	$	65,722		$	(121,230	)	$	(55,508	)
	Current period other comprehensive income (loss)	(6,619		)	87,386			80,767
	December 31, 2013	$	59,103		$	(33,844	)	$	25,259
	Other comprehensive loss before reclassifications (1)	(9,917		)	(29		)	(9,946		)
	Amounts reclassified from accumulated other comprehensive loss (1)	—			815			815
	Net current period other comprehensive income (loss)	(9,917		)	786			(9,131		)
	March 31, 2014	$	49,186		$	(33,058	)	$	16,128
	-1	All amounts are after tax.
	Details of amounts reclassified from accumulated other comprehensive income (loss) are below:
		(In thousands)
		Amount reclassified from Accumulated other comprehensive income (loss)			Affected line item in the statement where net earnings is presented
	Defined benefit pension and other postretirement benefit plans
	Amortization of prior service costs	6			-1
	Amortization of actuarial losses	(1,280		)	-1
		(1,274		)	Total before tax
		459			Income tax
	Total reclassifications	$	(815	)	Net of tax
	-1	These items are included in the computation of net periodic pension cost.  See Note 8, Pension and Other Postretirement Benefit Plans.

CONTINGENCIES_AND_COMMITMENTS

CONTINGENCIES AND COMMITMENTS	3 Months Ended
	Mar. 31, 2014
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 and current operations and the relatively non-friable condition of asbestos in its 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 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. The Corporation is currently unable to estimate an amount, or range of potential losses, if any, from this matter. The Corporation believes 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.
	Environmental Matters
	The Corporation's aggregate environmental liability was $16.2 million at March 31, 2014 and $16.3 million at December 31, 2013.  All environmental reserves exclude any potential recovery from insurance carriers or third-party legal actions.
	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. At March 31, 2014 and December 31, 2013, there were $41.1 million and $47.2 million of stand-by letters of credit outstanding, respectively, and $20.3 million and $23.2 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 $52.9 million surety bond.
	AP1000 Program
	Within the Corporation’s Defense segment, our Electro-Mechanical Division 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 March 31, 2014, the Corporation has not met certain contractual delivery dates under its AP 1000 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 March 31, 2014.  The range of possible loss is $0 to $25 million.

BASIS_OF_PRESENTATION_Policies

BASIS OF PRESENTATION (Policies)	3 Months Ended
	Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Basis Of Accounting	'
	Curtiss-Wright Corporation and its subsidiaries (the Corporation or the Company) is a diversified, multinational manufacturing and service company that designs, manufactures, and overhauls precision components and systems and provides highly engineered products and services to the commercial/industrial, defense, and energy 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 in conformity with accounting principles generally accepted in the United States of America, which requires management to make estimates and judgments that affect the reported amount of assets, liabilities, revenue, and expenses and disclosure of contingent assets and liabilities in the accompanying financial statements. Actual results may differ from these estimates. The most significant of these estimates includes the estimate of costs to complete long-term contracts under the percentage-of-completion accounting methods, the estimate of useful lives for property, plant, and equipment, cash flow estimates used for testing the recoverability of assets, pension plan and postretirement obligation assumptions, estimates for inventory obsolescence, estimates for the valuation and useful lives of intangible assets, 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. In the three month periods ended March 31, 2014 and 2013, there were no individual 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 2013 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.
Reclassification, Policy [Policy Text Block]	'
	Changes in Segment Presentation
	As a result of certain organizational changes in 2014, the Corporation revised its reportable segments to align to the major markets it currently serves: Commercial/Industrial, Defense, and Energy. Prior period financial information has been reclassified to conform to the current period presentation. The change in reportable segments did not impact the Corporation's previously reported Condensed Consolidated Financial Statements. See Note 10 of the Notes to the Condensed Consolidated Financial Statements for more information on the Corporation's reportable segments.
	Corrections to Prior Years Amounts
	The presentation of net sales and cost of sales in the prior year's statement of earnings has been corrected to separately present the components of product and service revenues and costs of sales. This change in presentation did not affect total revenues, total cost of sales, total gross profit, operating income, or net earnings.

ACQUISITION_Table

ACQUISITION (Table)	3 Months Ended
	Mar. 31, 2014
Business Combinations [Abstract]	'
Schedule Of Business Acquisitions By Acquisition	'
	The purchase price of the acquisition has been allocated to the net tangible and intangible assets acquired with the remainder recorded as goodwill on the basis of estimated fair values, as follows:
	(In thousands)	CCRS
	Accounts receivable	$	2,984
	Inventory	64
	Property, plant, and equipment	1,987
	Other current and non-current assets	71
	Intangible assets	9,560
	Current and non-current liabilities	(1,754		)
	Due from Seller	248
	Deferred income taxes	(2,058		)
	Net tangible and intangible assets	11,102
	Purchase price	24,892
	Goodwill	$	13,790
	Amount of tax deductible goodwill	$	—
Business Acquisition Pro Forma Information	'
	he following table presents unaudited consolidated pro forma financial information for the combined results of the Corporation and its completed business acquisitions during the year ended December 31, 2013 as if the acquisitions had occurred on January 1, 2013 for purposes of the financial information presented for the period ended March 31, 2013.
			Three Months Ended
			March 31,
	(In thousands, except per share data)		2013
	Net sales		$	621,219
	Net earnings		22,054
	Diluted earnings per share		0.46

RECEIVABLES_Table

RECEIVABLES (Table)	3 Months Ended
	Mar. 31, 2014
Receivables [Abstract]	'
Schedule Of Accounts Notes Loans And Financing Receivable	'
	The composition of receivables is as follows:
		(In thousands)
		March 31, 2014			December 31, 2013
	Billed receivables:
	Trade and other receivables	$	453,190		$	444,841
	Less: Allowance for doubtful accounts	(6,390		)	(6,857		)
	Net billed receivables	446,800			437,984
	Unbilled receivables:
	Recoverable costs and estimated earnings not billed	187,801			184,120
	Less: Progress payments applied	(16,183		)	(18,512		)
	Net unbilled receivables	171,618			165,608
	Receivables, net	$	618,418		$	603,592

INVENTORIES_Table

INVENTORIES (Table)	3 Months Ended
	Mar. 31, 2014
Inventory, Net [Abstract]	'
Schedule Of Inventory	'
	The composition of inventories is as follows:
		(In thousands)
		31-Mar-14			31-Dec-13
	Raw materials	$	245,619		$	231,219
	Work-in-process	113,974			114,372
	Finished goods and component parts	123,650			117,444
	Inventoried costs related to long-term contracts	51,490			58,796
	Gross inventories	534,733			521,831
	Less:  Inventory reserves	(54,129		)	(54,400		)
	Progress payments applied	(12,896		)	(15,344		)
	Inventories, net	$	467,708		$	452,087

GOODWILL_Table

GOODWILL (Table)	3 Months Ended
	Mar. 31, 2014
Goodwill [Abstract]	'
Schedule Of Goodwill	'
	The changes in the carrying amount of goodwill for the three months ended March 31, 2014 are as follows:
		(In thousands)
		Commercial/ Industrial		Defense			Energy			Consolidated
	December 31, 2013	$	347,819	$	485,431		$	277,179		$	1,110,429
	Acquisitions	13,790		—			3,640			17,430
	Goodwill adjustments	—		(254		)	—			(254		)
	Foreign currency translation adjustment	453		(2,092		)	(361		)	(2,000		)
	March 31, 2014	$	362,062	$	483,085		$	280,458		$	1,125,605
	During the first quarter of 2014, the Corporation performed a goodwill impairment assessment as a result of the change in its reportable segments. The Corporation tests for goodwill impairment at the reporting unit level, which is one level below the operating segment. The Corporation allocated goodwill to each reporting unit based on its relative fair value and then compared the fair value of the reporting units to the reporting units carrying amount and determined that goodwill was not impaired since the fair values of each of the reporting units substantially exceeded their carrying amounts, with the exception of the Oil and Gas reporting unit, in the Energy segment. Based on the results of our impairment analysis, the Corporation does not believe that an impairment exists. For further discussion on the Corporation’s interim impairment analysis please refer to our Critical Accounting Policy section in Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

OTHER_INTANGIBLE_ASSETS_NET_Ta

OTHER INTANGIBLE ASSETS, NET (Table)	3 Months Ended
	Mar. 31, 2014
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:
		(In thousands)
	March 31, 2014	Gross		Accumulated Amortization			Net
	Technology	$	213,202	$	(91,628	)	$	121,574
	Customer related intangibles	452,118		(134,244		)	317,874
	Other intangible assets	56,988		(25,469		)	31,519
	Total	$	722,308	$	(251,341	)	$	470,967
		(In thousands)
	December 31, 2013	Gross		Accumulated Amortization			Net
	Technology	$	213,888	$	(88,644	)	$	125,244
	Customer related intangibles	430,604		(127,194		)	303,410
	Other intangible assets	66,436		(23,711		)	42,725
	Total	$	710,928	$	(239,549	)	$	471,379

FAIR_VALUE_OF_FINANCIAL_INSTRU1

FAIR VALUE OF FINANCIAL INSTRUMENTS (Table)	3 Months Ended
	Mar. 31, 2014
Fair Value Disclosures [Abstract]	'
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]	'
	The location and amounts of derivative instrument fair values in the condensed consolidated balance sheet are below.
		(In thousands)
		March 31, 2014				December 31, 2013
	Assets
	Undesignated for hedge accounting
	Forward exchange contracts	$	67			$	605
	Total asset derivatives (A)	$	67			$	605
	Liabilities
	Designated for hedge accounting
	Interest rate swaps	$	37,070			$	49,845
	Undesignated for hedge accounting
	Forward exchange contracts	$	193			$	277
	Total liability derivatives (B)	$	37,263			$	50,122
	(A)Forward exchange derivatives are included in Other current assets.
	(B)Forward exchange derivatives are included in Other current liabilities and interest rate swap liabilities are included in Other liabilities.
	The location and amount of gains or losses on the hedged fixed rate debt attributable to changes in the market interest rates and the offsetting gain (loss) on the related interest rate swaps for the three months ended March 31, were as follows:
			Gain/(Loss) on Swap								Gain/(Loss) on Borrowings
			Three Months Ended								Three Months Ended
	(In thousands)		March 31,								March 31,
	Income Statement Classification		2014				2013				2014				2013
	Other income, net		$	12,775			$	(10,950	)		$	(12,775	)		$	10,950
	Undesignated hedges
	The location and amount of gains and losses recognized in income on forward exchange derivative contracts not designated for hedge accounting for the three months ended March 31, were as follows:
			Three Months Ended
	(In thousands)		March 31,
	Derivatives not designated as hedging instrument		2014				2013
	Forward exchange contracts:
	General and administrative expenses		$	(2,950	)		$	(1,561	)
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	'
		(In thousands)
		March 31, 2014								December 31, 2013
		Carrying Value				Estimated Fair Value				Carrying Value				Estimated Fair Value
	Industrial revenue bond, due 2023	$	8,400			$	8,400			$	8,400			$	8,400
	Revolving credit agreement, due 2017	50,000				50,000				50,000				50,000
	5.51% Senior notes due 2017	150,000				163,324				150,000				163,059
	3.84% Senior notes due 2021	99,027				99,027				98,632				98,632
	3.70% Senior notes due 2023	225,000				216,947				225,000				209,140
	3.85% Senior notes due 2025	91,564				91,564				88,555				88,555
	4.24% Senior notes due 2026	180,096				180,096				173,557				173,557
	4.05% Senior notes due 2028	67,243				67,243				64,411				64,411
	4.11% Senior notes due 2028	100,000				92,569				100,000				89,252
	Other debt	705				705				1,383				1,383
	Total debt	$	972,035			$	969,875			$	959,938			$	946,389

PENSION_AND_OTHER_POSTRETIREME1

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Table)	3 Months Ended
	Mar. 31, 2014
General Discussion of Pension and Other Postretirement Benefits [Abstract]	'
Schedule Of Defined Benefit Plans Disclosures	'
	The components of net periodic pension cost for the three months ended March 31, 2014 and 2013 are as follows:
		(In thousands)
		Three Months Ended
		March 31,
		2014			2013
	Service cost	$	6,370		$	10,819
	Interest cost	7,544			6,735
	Expected return on plan assets	(10,413		)	(8,886		)
	Amortization of prior service cost	158			300
	Amortization of unrecognized actuarial loss	1,483			4,272
	Net periodic benefit cost	$	5,142		$	13,240
	The components of the Corporation's net postretirement benefit cost for the three months ended March 31, 2014 and 2013 are as follows:
		Three Months Ended
		March 31,
	(In thousands)	2014			2013
	Service cost	$	71		$	100
	Interest cost	219			208
	Amortization of prior service cost	(164		)	(157		)
	Amortization of unrecognized actuarial gain	(203		)	(160		)
	Net postretirement benefit cost (income)	$	(77	)	$	(9	)

EARNINGS_PER_SHARE_Table

EARNINGS PER SHARE (Table)	3 Months Ended
	Mar. 31, 2014
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:
		(In thousands)
		Three Months Ended
		March 31,
		2014	2013
	Basic weighted-average shares outstanding	47,982	46,615
	Dilutive effect of stock options and deferred stock compensation	1,148	868
	Diluted weighted-average shares outstanding	49,130	47,483

SEGMENT_INFORMATION_Table

SEGMENT INFORMATION (Table)	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Schedule Of Segment Reporting Information By Segment	'
			(In thousands)
			Three Months Ended
			March 31,
			2014				2013
	Net sales
	Commercial/Industrial		$	266,925			$	220,966
	Defense		202,523				211,745
	Energy		173,844				167,742
	Less: Intersegment revenues		(1,880		)		(7,766		)
	Total consolidated		$	641,412			$	592,687
	Operating income (expense)
	Commercial/Industrial		$	32,960			$	20,651
	Defense		21,174				16,877
	Energy		12,552				10,796
	Corporate and eliminations (1)		(7,585		)		(10,298		)
	Total consolidated		$	59,101			$	38,026
	(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	'
			(In thousands)
			Three Months Ended
			March 31,
			2014				2013
	Total operating income		$	59,101			$	38,026
	Interest expense		(9,054		)		(8,659		)
	Other income, net		65				474
	Earnings before income taxes		$	50,112			$	29,841
Reconciliation Of Assets From Segment To Consolidated	'
		(In thousands)
		31-Mar-14				31-Dec-13
	Identifiable assets
	Commercial/Industrial	$	1,360,283			$	1,310,521
	Defense	1,220,473				1,292,462
	Energy	813,985				798,028
	Corporate and Other	63,894				57,263
	Total consolidated	$	3,458,635			$	3,458,274

ACCUMULATED_OTHER_COMPREHENSIV1

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Table)	3 Months Ended
	Mar. 31, 2014
Stockholders' Equity Note [Abstract]	'
Schedule of Comprehensive Income (Loss)	'
	The cumulative balance of each component of accumulated other comprehensive income (loss), net of tax, is as follows:
		(In thousands)
		Foreign currency translation adjustments, net			Total pension and postretirement adjustments, net			Accumulated other comprehensive income (loss)
	December 31, 2012	$	65,722		$	(121,230	)	$	(55,508	)
	Current period other comprehensive income (loss)	(6,619		)	87,386			80,767
	December 31, 2013	$	59,103		$	(33,844	)	$	25,259
	Other comprehensive loss before reclassifications (1)	(9,917		)	(29		)	(9,946		)
	Amounts reclassified from accumulated other comprehensive loss (1)	—			815			815
	Net current period other comprehensive income (loss)	(9,917		)	786			(9,131		)
	March 31, 2014	$	49,186		$	(33,058	)	$	16,128
	-1	All amounts are after tax.
Reclassification out of Accumulated Other Comprehensive Income	'
	Details of amounts reclassified from accumulated other comprehensive income (loss) are below:
		(In thousands)
		Amount reclassified from Accumulated other comprehensive income (loss)			Affected line item in the statement where net earnings is presented
	Defined benefit pension and other postretirement benefit plans
	Amortization of prior service costs	6			-1
	Amortization of actuarial losses	(1,280		)	-1
		(1,274		)	Total before tax
		459			Income tax
	Total reclassifications	$	(815	)	Net of tax
	-1	These items are included in the computation of net periodic pension cost.  See Note 8, Pension and Other Postretirement Benefit Plans.

ACQUISITION_Narrative_Detail

ACQUISITION (Narrative) (Detail)	3 Months Ended	0 Months Ended		3 Months Ended	12 Months Ended	0 Months Ended		3 Months Ended	12 Months Ended
	Mar. 31, 2014	Jan. 10, 2014	Jan. 10, 2014	Mar. 31, 2014	31-May-13	Feb. 18, 2014	Feb. 18, 2014	Mar. 31, 2014	Dec. 31, 2013
	USD ($)	Component Coating and Repair Services [Member]	Component Coating and Repair Services [Member]	Component Coating and Repair Services [Member]	Component Coating and Repair Services [Member]	NPSI [Member]	NPSI [Member]	NPSI [Member]	NPSI [Member]
	NumberAcquisitions	Commercial Industrial [Member]	Commercial Industrial [Member]	Commercial Industrial [Member]	Commercial Industrial [Member]	Energy [Member]	Energy [Member]	Energy [Member]	Energy [Member]
		USD ($)	GBP (£)		GBP (£)	USD ($)	CAD		CAD
Business Acquisition [Line Items]	'	'	'	'	'	'	'	'	'
Number of Businesses Acquired	2	'	'	'	'	'	'	'	'
Effective date of acquisition	'	'	'	10-Jan-14	'	'	'	18-Feb-14	'
Business Acquisition, Percentage of Voting Interests Acquired	'	100.00%	100.00%	'	'	'	'	'	'
Purchase price net of cash acquired	'	$24,892,000	£ 15,000,000	'	'	$8,000,000	9,000,000	'	'
Revenue reported by acquiree in last reporting period	'	'	'	'	6,400,000	'	'	'	5,000,000
Actual pro forma Revenue by acquiree	2,700,000	'	'	'	'	'	'	'	'
Actual pro forma earnings of aquiree	($300,000)	'	'	'	'	'	'	'	'

ACQUISITION_Detail

ACQUISITION (Detail)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	Jan. 10, 2014	Jan. 10, 2014
In Thousands, unless otherwise specified	USD ($)	USD ($)	Commercial Industrial [Member]	Commercial Industrial [Member]	Component Coating and Repair Services [Member]	Component Coating and Repair Services [Member]
			USD ($)	USD ($)	Commercial Industrial [Member]	Commercial Industrial [Member]
					USD ($)	GBP (£)
Business Acquisition [Line Items]	'	'	'	'	'	'
Accounts receivable	'	'	'	'	$2,984	'
Inventory	'	'	'	'	64	'
Property, plant, and equipment	'	'	'	'	1,987	'
Other current and non-current assets	'	'	'	'	71	'
Intangible assets	'	'	'	'	9,560	'
Current and non-current liabilities	'	'	'	'	-1,754	'
Due from Seller	'	'	'	'	248	'
Deferred income taxes	'	'	'	'	-2,058	'
Net tangible and intangible assets	'	'	'	'	11,102	'
Purchase price	'	'	'	'	24,892	15,000
Goodwill	1,125,605	1,110,429	362,062	347,819	13,790	'
Amount of tax deductible goodwill	'	'	'	'	$0	'

ACQUISITION_Proforma_Detail

ACQUISITION (Proforma) (Detail) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2013
Business Combinations [Abstract]	'
Net sales	$621,219
Net earnings	$22,054
Diluted earnings per share from continuing operations (in usd per share)	$0.46

ACQUISITION_Proforma_Narrative

ACQUISITION (Proforma Narrative) (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2013
Business Acquisition [Line Items]	'
Additional amortization of intangible assets	$1.60
Additional interest expense	$1.80

RECEIVABLES_Detail

RECEIVABLES (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Billed receivables:	'	'
Trade and other receivables	$453,190	$444,841
Less: Allowance for doubtful accounts	-6,390	-6,857
Net billed receivables	446,800	437,984
Unbilled receivables:	'	'
Recoverable costs and estimated earnings not billed	187,801	184,120
Less: Progress payments applied	-16,183	-18,512
Net unbilled receivables	171,618	165,608
Receivables, net	$618,418	$603,592

INVENTORIES_Detail

INVENTORIES (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Inventory, Net [Abstract]	'	'
Raw material	$245,619	$231,219
Work-in-process	113,974	114,372
Finished goods and component parts	123,650	117,444
Inventoried costs related to long-term contracts	51,490	58,796
Gross inventories	534,733	521,831
Less: Inventory reserves	-54,129	-54,400
Progress payments applied	-12,896	-15,344
Inventories, net	$467,708	$452,087

INVENTORIES_Narrative_Detail

INVENTORIES (Narrative) (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Inventory, Net [Abstract]	'	'
Other inventory, capitalized costs	$37.30	$37.10
Other inventory, capitalized costs to be liquidated under firm orders	$9.80	$13.80

GOODWILL_Detail

GOODWILL (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014
Goodwill [Roll Forward]	'
31-Dec-13	$1,110,429
Acquisitions	17,430
Goodwill adjustments	-254
Foreign currency translation adjustment	-2,000
31-Mar-14	1,125,605
Commercial Industrial [Member]	'
Goodwill [Roll Forward]	'
31-Dec-13	347,819
Acquisitions	13,790
Goodwill adjustments	0
Foreign currency translation adjustment	453
31-Mar-14	362,062
Defense [Member]	'
Goodwill [Roll Forward]	'
31-Dec-13	485,431
Acquisitions	0
Goodwill adjustments	-254
Foreign currency translation adjustment	-2,092
31-Mar-14	483,085
Energy [Member]	'
Goodwill [Roll Forward]	'
31-Dec-13	277,179
Acquisitions	3,640
Goodwill adjustments	0
Foreign currency translation adjustment	-361
31-Mar-14	$280,458

OTHER_INTANGIBLE_ASSETS_NET_De

OTHER INTANGIBLE ASSETS, NET (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Finite Lived Intangible Assets [Line Items]	'	'
Gross	$722,308	$710,928
Accumulated Amortization	-251,341	-239,549
Net	470,967	471,379
Technology [Member]	'	'
Finite Lived Intangible Assets [Line Items]	'	'
Gross	213,202	213,888
Accumulated Amortization	-91,628	-88,644
Net	121,574	125,244
Customer Related Intangibles [Member]	'	'
Finite Lived Intangible Assets [Line Items]	'	'
Gross	452,118	430,604
Accumulated Amortization	-134,244	-127,194
Net	317,874	303,410
Other Intangible Assets [Member]	'	'
Finite Lived Intangible Assets [Line Items]	'	'
Gross	56,988	66,436
Accumulated Amortization	-25,469	-23,711
Net	$31,519	$42,725

OTHER_INTANGIBLE_ASSETS_NET_Na

OTHER INTANGIBLE ASSETS, NET (Narrative) (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Finite Lived Intangible Assets [Line Items]	'	'
Acquired intangible assets	$13	'
Amortization expense	12.7	12.4
Future amortization expense in remainder of fiscal year	48.5	'
Future amortization expense in year two	45.4	'
Future amortization expense in year three	44.1	'
Future amortization expense in year four	43.5	'
Future amortization expense in year five	41.9	'
Customer-Related Intangible Assets [Member]	'	'
Finite Lived Intangible Assets [Line Items]	'	'
Acquired intangible assets	12.8	'
Weighted average useful life	'13 years 6 months	'
Other Intangible Assets [Member]	'	'
Finite Lived Intangible Assets [Line Items]	'	'
Acquired intangible assets	$0.20	'
Weighted average useful life	'1 year	'

FAIR_VALUE_OF_FINANCIAL_INSTRU2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Interest Rate Swap) (Details) (Interest Rate Swap [Member], USD $)	Mar. 31, 2014
In Millions, unless otherwise specified
Interest Rate Swap [Member]	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'
Notional amount	$400

FAIR_VALUE_OF_FINANCIAL_INSTRU3

FAIR VALUE OF FINANCIAL INSTRUMENTS (Balance Sheet) (Detail) (USD $)	Mar. 31, 2014		Dec. 31, 2013
In Thousands, unless otherwise specified
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'		'
Assets	$67	[1]	$605	[1]
Liabilities	37,263	[2]	50,122	[2]
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]	'		'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'		'
Liabilities	37,070		49,845
Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member]	'		'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'		'
Assets	67		605
Liabilities	$193		$277
[1]	Forward exchange derivatives are included in Other current assets
[2]	Forward exchange derivatives are included in Other current liabilities and interest rate swap liabilities are included in Other liabilities.

FAIR_VALUE_OF_FINANCIAL_INSTRU4

FAIR VALUE OF FINANCIAL INSTRUMENTS (Income Loss) (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
General And Administrative Expense [Member]	'	'
Derivative Instruments Gain Loss [Line Items]	'	'
General and administrative expenses	($2,950)	($1,561)
Swap [Member] | Other Income [Member]	'	'
Derivative Instruments Gain Loss [Line Items]	'	'
Other income, net	12,775	-10,950
Borrowings [Member] | Other Income [Member]	'	'
Derivative Instruments Gain Loss [Line Items]	'	'
Other income, net	($12,775)	$10,950

FAIR_VALUE_OF_FINANCIAL_INSTRU5

FAIR VALUE OF FINANCIAL INSTRUMENTS (Debt) (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
5.51% Senior notes due 2017 [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Interest rate	5.51%	'
3.84% Senior notes due 2021 [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Interest rate	3.84%	'
3.70% Senior notes due 2023 [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Interest rate	3.70%	'
3.85% Senior notes due 2025 [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Interest rate	3.85%	'
4.24% Senior notes due 2026 [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Interest rate	4.24%	'
4.05% Senior notes due 2028 [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Interest rate	4.05%	'
4.11% Senior Notes [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Interest rate	4.11%	'
Reported Value Measurement [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Carrying Value	$972,035	$959,938
Reported Value Measurement [Member] | Industrial revenue bond, due 2023 [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Carrying Value	8,400	8,400
Reported Value Measurement [Member] | Revolving credit agreement, due 2017 [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Carrying Value	50,000	50,000
Reported Value Measurement [Member] | 5.51% Senior notes due 2017 [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Carrying Value	150,000	150,000
Reported Value Measurement [Member] | 3.84% Senior notes due 2021 [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Carrying Value	99,027	98,632
Reported Value Measurement [Member] | 3.70% Senior notes due 2023 [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Carrying Value	225,000	225,000
Reported Value Measurement [Member] | 3.85% Senior notes due 2025 [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Carrying Value	91,564	88,555
Reported Value Measurement [Member] | 4.24% Senior notes due 2026 [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Carrying Value	180,096	173,557
Reported Value Measurement [Member] | 4.05% Senior notes due 2028 [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Carrying Value	67,243	64,411
Reported Value Measurement [Member] | 4.11% Senior Notes [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Carrying Value	100,000	100,000
Reported Value Measurement [Member] | Other debt [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Carrying Value	705	1,383
Estimate of Fair Value Measurement [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Estimated Fair Value	969,875	946,389
Estimate of Fair Value Measurement [Member] | Industrial revenue bond, due 2023 [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Estimated Fair Value	8,400	8,400
Estimate of Fair Value Measurement [Member] | Revolving credit agreement, due 2017 [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Estimated Fair Value	50,000	50,000
Estimate of Fair Value Measurement [Member] | 5.51% Senior notes due 2017 [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Estimated Fair Value	163,324	163,059
Estimate of Fair Value Measurement [Member] | 3.84% Senior notes due 2021 [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Estimated Fair Value	99,027	98,632
Estimate of Fair Value Measurement [Member] | 3.70% Senior notes due 2023 [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Estimated Fair Value	216,947	209,140
Estimate of Fair Value Measurement [Member] | 3.85% Senior notes due 2025 [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Estimated Fair Value	91,564	88,555
Estimate of Fair Value Measurement [Member] | 4.24% Senior notes due 2026 [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Estimated Fair Value	180,096	173,557
Estimate of Fair Value Measurement [Member] | 4.05% Senior notes due 2028 [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Estimated Fair Value	67,243	64,411
Estimate of Fair Value Measurement [Member] | 4.11% Senior Notes [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Estimated Fair Value	92,569	89,252
Estimate of Fair Value Measurement [Member] | Other debt [Member]	'	'
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]	'	'
Estimated Fair Value	$705	$1,383

PENSION_AND_OTHER_POSTRETIREME2

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Pension Plans Defined Benefit [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Service cost	$6,370	$10,819
Interest cost	7,544	6,735
Expected return on plan assets	-10,413	-8,886
Amortization of prior service cost	158	300
Amortization of unrecognized actuarial loss	1,483	4,272
Net postretirement benefit cost (income)	5,142	13,240
Other Postretirement Benefit Plan, Defined Benefit [Member]	'	'
Defined Benefit Plan Disclosure [Line Items]	'	'
Service cost	71	100
Interest cost	219	208
Amortization of prior service cost	-164	-157
Amortization of unrecognized actuarial loss	-203	-160
Net postretirement benefit cost (income)	($77)	($9)

PENSION_AND_OTHER_POSTRETIREME3

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Additional) (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
Defined Benefit Plan Disclosure [Line Items]	'
Defined contribution plan, employer contribution, maximum percentage	6.00%
Defined contribution plan, expense relating to the plan	$3.90
Contributions made by the corporation to the plan	1.6
Estimated future contributions for the current fiscal year	7
Domestic Defined Benefit Plan [Member]	'
Defined Benefit Plan Disclosure [Line Items]	'
Contributions by employer	7.8
Future employer contributions	40
Foreign Defined Benefit [Member]	'
Defined Benefit Plan Disclosure [Line Items]	'
Contributions by employer	0.7
Future employer contributions	3.4
Other Postretirement Benefit Plan, Defined Benefit [Member]	'
Defined Benefit Plan Disclosure [Line Items]	'
Contributions by employer	0.4
Future employer contributions	$1.70

EARNINGS_PER_SHARE_Detail

EARNINGS PER SHARE (Detail)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Earnings Per Share Reconciliation [Abstract]	'	'
Basic weighted-average shares outstanding (shares)	47,982	46,615
Dilutive effect of stock options and deferred stock compensation (shares)	1,148	868
Diluted weighted-average shares outstanding (shares)	49,130	47,483

EARNINGS_PER_SHARE_AntiDilutiv

EARNINGS PER SHARE (AntiDilutive) (Detail)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Earnings Per Share [Abstract]	'	'
Antidilutive securities excluded from computation of earnings per share, amount	0	622,000

SEGMENT_INFORMATION_Detail

SEGMENT INFORMATION (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013		Dec. 31, 2013
	segment
Segment Reporting Information [Line Items]	'		'		'
Number of operating segments	3		'		'
Net sales	$641,412		$592,687		'
Operating income (expense)	59,101		38,026		'
Identifiable assets	3,458,635		'		3,458,274
Commercial Industrial [Member]	'		'		'
Segment Reporting Information [Line Items]	'		'		'
Net sales	266,925		220,966		'
Operating income (expense)	32,960		20,651		'
Identifiable assets	1,360,283		'		1,310,521
Defense [Member]	'		'		'
Segment Reporting Information [Line Items]	'		'		'
Net sales	202,523		211,745		'
Operating income (expense)	21,174		16,877		'
Identifiable assets	1,220,473		'		1,292,462
Energy [Member]	'		'		'
Segment Reporting Information [Line Items]	'		'		'
Net sales	173,844		167,742		'
Operating income (expense)	12,552		10,796		'
Identifiable assets	813,985		'		798,028
Intersegment Eliminations [Member]	'		'		'
Segment Reporting Information [Line Items]	'		'		'
Net sales	-1,880		-7,766		'
Corporate and Eliminations [Member]	'		'		'
Segment Reporting Information [Line Items]	'		'		'
Operating income (expense)	-7,585	[1]	-10,298	[1]	'
Corporate and Other [Member]	'		'		'
Segment Reporting Information [Line Items]	'		'		'
Identifiable assets	$63,894		'		$57,263
[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.

SEGMENT_INFORMATION_Reconcilia

SEGMENT INFORMATION (Reconciliation) (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Segment Reporting [Abstract]	'	'
Total operating income	$59,101	$38,026
Interest expense	-9,054	-8,659
Other income, net	65	474
Earnings before income taxes	$50,112	$29,841

ACCUMULATED_OTHER_COMPREHENSIV2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Detail) (USD $)	3 Months Ended			12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Roll Forward]	'		'	'
Beginning balance	$25,259		($55,508)	($55,508)
Other comprehensive income (loss) before reclassifications	-9,946	[1]	'	'
Amounts reclassified from accumulated other comprehensive loss	815	[1]	'	'
Other comprehensive income (loss), net of tax	-9,131		-29,019	80,767
Ending balance	16,128		'	25,259
Foreign Currency Translation Adjustments, Net [Member]	'		'	'
Accumulated Other Comprehensive Income (Loss) [Roll Forward]	'		'	'
Beginning balance	59,103		65,722	65,722
Other comprehensive income (loss) before reclassifications	-9,917	[1]	'	'
Amounts reclassified from accumulated other comprehensive loss	0	[1]	'	'
Other comprehensive income (loss), net of tax	-9,917		'	-6,619
Ending balance	49,186		'	59,103
Total Pension and Postretirment Adjustments, Net [Member]	'		'	'
Accumulated Other Comprehensive Income (Loss) [Roll Forward]	'		'	'
Beginning balance	-33,844		-121,230	-121,230
Other comprehensive income (loss) before reclassifications	-29	[1]	'	'
Amounts reclassified from accumulated other comprehensive loss	815	[1]	'	'
Other comprehensive income (loss), net of tax	786		'	87,386
Ending balance	($33,058)		'	($33,844)
[1]	All amounts are after tax.

ACCUMULATED_OTHER_COMPREHENSIV3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Reclass) (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]	'		'
Earnings before income taxes	$50,112		$29,841
Income tax	-14,948		-8,898
Net earnings	35,164		20,943
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	6	[1]	'
Amortization of actuarial losses	-1,280	[1]	'
Earnings before income taxes	-1,274		'
Income tax	459		'
Net earnings	($815)		'
[1]	These items are included in the computation of net periodic pension cost. See Note 8, Pension and Other Postretirement Benefit Plans.

CONTINGENCIES_AND_COMMITMENTS_

CONTINGENCIES AND COMMITMENTS (Detail) (USD $)	Mar. 31, 2014	Mar. 31, 2014	Oct. 10, 2013	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2013
		Scenario, Forecast [Member]	Failure to Meet Contractual Obligations [Member]	Environmental Matters [Member]	Environmental Matters [Member]	Standby Letters Of Credit [Member]	Standby Letters Of Credit [Member]	FinancialStandbyLetterOfCreditMember	FinancialStandbyLetterOfCreditMember
Loss Contingencies [Line Items]	'	'	'	'	'	'	'	'	'
Accrual for environmental loss contingencies	'	'	'	$16,200,000	$16,300,000	'	'	'	'
Letters of credit, outstanding	'	'	'	'	'	41,100,000	47,200,000	20,300,000	23,200,000
Surety Bond Outstanding	52,900,000	'	'	'	'	'	'	'	'
Damages sought	'	1,000,000,000	25,000,000	'	'	'	'	'	'
Range of possible loss, minimum	'	0	'	'	'	'	'	'	'
Range of possible loss, maximum	'	$25,000,000	'	'	'	'	'	'	'