Curtiss-Wright (CW) 10-K 21 Feb 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Jan. 01, 2017	Jun. 30, 2016
Document And Entity Information [Abstract]
Document Type	10-K
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Entity Registrant Name	Curtiss Wright Corporation
Entity Central Index Key	26,324
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Well-known Seasoned Issuer	Yes
Entity Common Stock, Shares Outstanding		44,528,398
Entity Public Float			$ 3,300,000,000
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Trading Symbol	cw

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenue, Net [Abstract]
Product sales	$ 1,714,358	$ 1,796,802	$ 1,815,028
Service sales	394,573	408,881	428,098
Net sales	2,108,931	2,205,683	2,243,126
Cost of Revenue [Abstract]
Cost of product sales	1,100,287	1,156,596	1,190,714
Cost of service sales	258,161	265,832	275,896
Total cost of sales	1,358,448	1,422,428	1,466,610
Gross profit	750,483	783,255	776,516
Research and development expenses	(58,592)	(60,837)	(67,842)
Selling expenses	(111,228)	(121,482)	(128,005)
General and administrative expenses	(272,565)	(290,319)	(298,296)
Operating income	308,098	310,617	282,373
Interest expense	(41,248)	(36,038)	(35,794)
Other income, net	1,111	615	365
Earnings before income taxes	267,961	275,194	246,944
Provision for income taxes	(78,579)	(82,946)	(76,995)
Earnings from continuing operations	189,382	192,248	169,949
Discontinued operations, net of taxes
Loss from discontinued operations, net of taxes	2,053	46,787	56,611
Net earnings	$ 187,329	$ 145,461	$ 113,338
Basic earnings per share
Earnings from continuing operations	$ 4.27	$ 4.12	$ 3.54
Earnings from discontinued operations	(0.05)	(1)	(1.18)
Total	4.22	3.12	2.36
Diluted earnings per share
Earnings from continuing operations	4.20	4.04	3.46
Earnings from discontinued operations	(0.05)	(0.99)	(1.15)
Total	4.15	3.05	2.31
Dividends per share	$ 0.52	$ 0.52	$ 0.52
Weighted average shares outstanding:
Basic	44,389	46,624	48,019
Diluted	45,045	47,616	49,075

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Comprehensive Income [Abstract]
Net earnings		$ 187,329	$ 145,461	$ 113,338
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Foreign currency translation, net of tax	[1]	(64,840)	(87,527)	(79,386)
Pension and postretirement adjustments, net of tax	[2]	(988)	(9,990)	(74,284)
Other Comprehensive Income (Loss), Net of Tax		(65,828)	(97,517)	(153,670)
Comprehensive Income		$ 121,501	$ 47,944	$ (40,332)
[1]	The tax benefit included in other comprehensive income (loss) for foreign currency translation adjustments for 2016, 2015, and 2014 were $1.7 million, $2.7 million, and $2.1 million, respectively.
[2]	The tax benefit (expense) included in other comprehensive income (loss) for pension and postretirement adjustments for 2016, 2015, and 2014 were ($1.7) million, $9.5 million, and $41.3 million, respectively.

CONSOLIDATED STATEMENTS OF COM4

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Statement - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax	$ 1.7	$ 2.7	$ 2.1
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax	$ (1.7)	$ 9.5	$ 41.3

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current Assets:
Cash and cash equivalents	$ 553,848	$ 288,697
Receivables, net	463,062	566,289
Inventories, net	366,974	379,591
Other current assets	30,927	40,306
Total current assets	1,414,811	1,274,883
Property, plant, and equipment, net	388,903	413,644
Goodwill	951,057	972,606
Other intangible assets, net	271,461	310,763
Other assets	11,549	17,715
Total assets	3,037,781	2,989,611
Current liabilities:
Current portion of long-term debt and short-term debt	150,668	1,259
Accounts payable	177,911	163,286
Accrued expenses	130,239	131,863
Income taxes payable	18,274	7,956
Deferred revenue	170,143	181,671
Other current liabilities	28,027	37,190
Total current liabilities	675,262	523,225
Long-term debt	815,630	951,946
Deferred tax liabilities, net	49,722	54,447
Accrued pension and other postretirement benefit costs	107,151	103,723
Long-term portion of environmental reserves	14,024	14,017
Other liabilities	84,801	86,830
Total liabilities	1,746,590	1,734,188
Stockholders' Equity
Common stock, $1 par value,100,000,000 shares authorized at December 31, 2016 and 2015; 49,187,378 shares issued at December 31, 2016 and 49,189,702 at December 31, 2015; outstanding shares were 44,181,050 at December 31, 2016 and 44,621,348 at December 31, 2015.	49,187	49,190
Additional paid in capital	129,483	144,923
Retained earnings	1,754,907	1,590,645
Accumulated other comprehensive loss	(291,756)	(225,928)
Common treasury stock, at cost (5,006,328 shares at December 31, 2016 and 4,568,354 shares at December 31, 2015)	(350,630)	(303,407)
Total stockholders' equity	1,291,191	1,255,423
Total liabilities and stockholders' equity	$ 3,037,781	$ 2,989,611

CONSOLIDATED BALANCE SHEETS PAR

CONSOLIDATED BALANCE SHEETS PARENTHETICAL - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Common Stock Par Value	$ 1	$ 1
Common stock authorized	100,000,000	100,000,000
CommonStockSharesIssued	49,187,378	49,189,702
CommonStockSharesOutstanding	44,181,050	44,621,348
TreasuryStockShares	5,006,328	4,568,354

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Statement of Cash Flows [Abstract]
Net earnings	$ 187,329	$ 145,461	$ 113,338
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	96,008	100,810	118,931
(Gain) loss on sale of businesses	(845)	16,991	29,184
(Gain) loss on fixed asset disposals	(2,069)	(945)	632
Deferred income taxes	1,224	63,535	(27,241)
Share-based compensation	9,478	9,473	8,500
Impairment of assets	0	0	3,202
Impairment of assets held for sale	0	40,813	41,369
Change in operating assets and liabilities, net of businesses acquired and divested:
Accounts receivable, net	91,692	(77,106)	12,845
Inventories, net	4,391	(4,039)	(19,375)
Progress payments	2,583	3,680	(6,971)
Accounts payable and accrued expenses	4,125	(447)	16,147
Deferred revenue	(11,084)	4,839	24,471
Income taxes	11,797	(7,436)	38,946
Net pension and postretirement liabilities	3,405	(139,610)	(26,431)
Other Operating Activities, Cash Flow Statement	20,405
Other current and long-term assets and liabilities	4,758	6,460	4,219
Net cash provided by operating activities	423,197	162,479	331,766
Cash flows from investing activities:
Proceeds from sales and disposals of long-lived assets	3,674	2,277	594
Proceeds from divestiture	1,027	31,344	152,965
Proceeds from insurance	0	0	2,357
Additions to property, plant, and equipment	(46,776)	(35,512)	(67,115)
Acquisition of businesses, net of cash acquired	(295)	(13,228)	(34,364)
Additional consideration of prior period acquisitions	(564)	(457)	(989)
Net cash provided by (used for) investing activities	(42,934)	(15,576)	53,448
Cash flows from financing activities:
Borrowings under revolving credit facility	7,839	70,324	364,557
Payment of revolving credit facilities	(8,430)	(70,134)	(414,770)
Principal payments on debt	0	(8,400)	(80)
Repurchases of common stock	(105,249)	(294,130)	(65,220)
Proceeds from share-based compensation	22,300	28,706	38,182
Dividends paid	(23,067)	(24,122)	(25,013)
Proceeds from (Payments for) Other Financing Activities	(635)	(581)	296
Excess tax benefits from share-based compensation	11,101	9,119	9,610
Net cash provided by financing activities	(96,141)	(289,218)	(92,438)
Effect of exchange-rate changes on cash	(18,971)	(19,104)	(17,954)
Net increase (decrease) in cash and cash equivalents	265,151	(161,419)	274,822
Cash and cash equivalents at beginning of period	288,697	450,116	175,294
Cash and cash equivalents at end of period	553,848	288,697	450,116
Supplemental disclosure of non-cash investing activities:
Capital Expenditures Incurred but Not yet Paid	2,512	2,108	2,891
Property and equipment under build to suit transaction	$ 0	$ 0	$ 14,735

STATEMENT OF STOCKHOLDERS' EQUI

STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock Member	Additional Paid In Capital Member	Retained Earnings Member	Accumulated Other Comprehensive Income Member	Treasury Stock Member
Beginning Balance at Dec. 31, 2013		$ 49,190	$ 150,618	$ 1,380,981	$ 25,259	$ (53,343)
Net earnings	$ 113,338			113,338
Other Comprehensive Income (Loss), Net of Tax	(153,670)				(153,670)
Dividends paid				(25,013)
Restricted Stock			(722)			3,155
Stock options exercised, net		0	311			45,049
Other			(430)			430
Share-based compensation			8,266			234
Repurchase of common stock						(65,220)
Ending Balance at Dec. 31, 2014		49,190	158,043	1,469,306	(128,411)	(69,695)
Net earnings	145,461			145,461
Other Comprehensive Income (Loss), Net of Tax	(97,517)				(97,517)
Dividends paid				(24,122)
Restricted Stock			(10,303)			13,734
Stock options exercised, net			(11,349)			45,743
Other			(647)			647
Share-based compensation			9,179			294
Repurchase of common stock						(294,130)
Ending Balance at Dec. 31, 2015	1,255,423	49,190	144,923	1,590,645	(225,928)	(303,407)
Net earnings	187,329
Other Comprehensive Income (Loss), Net of Tax	(65,828)				(65,828)
Dividends paid				(23,067)
Restricted Stock			(12,086)			17,275
Stock options exercised, net			(11,271)			39,483
Other		(3)	(1,104)			811
Share-based compensation			9,021			457
Repurchase of common stock						(105,249)
Ending Balance at Dec. 31, 2016	$ 1,291,191	$ 49,187	$ 129,483	$ 1,754,907	$ (291,756)	$ (350,630)

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Significant Accounting Policies	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations Curtiss-Wright Corporation and its subsidiaries (the Corporation or the Company) is a diversified multinational 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. Principles of Consolidation The consolidated financial statements include the accounts of the Corporation and its majority-owned subsidiaries. All intercompany transactions and accounts have been eliminated. Use of Estimates The financial statements of the Corporation have been prepared in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP), which requires management to make estimates and judgments that affect the reported amount of assets, liabilities, revenue, and expenses and disclosure of contingent assets and liabilities in the accompanying financial statements. The most significant of these estimates includes the estimate of costs to complete long-term contracts 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 and legal reserves. Actual results may differ from these estimates. Revenue Recognition The realization of revenue refers to the timing of its recognition in the accounts of the Corporation and is generally considered realized or realizable and earned when the earnings process is substantially complete and all of the following criteria are met: 1) persuasive evidence of an arrangement exists; 2) delivery has occurred or services have been rendered; 3) the Corporation’s price to its customer is fixed or determinable; and 4) collectability is reasonably assured. We determine the appropriate method by which we recognize revenue by analyzing the terms and conditions of each contract or arrangement entered into with our customers. Revenue is recognized on product sales as production units are shipped and title and risk of loss have transferred. Revenue is recognized on service type contracts as services are rendered. The significant estimates we make in recognizing revenue are primarily for long-term contracts generally accounted for using the cost-to-cost method of percentage of completion accounting that are associated with the design, development and manufacture of highly engineered industrial products used in commercial and defense applications. Under the cost-to-cost percentage-of-completion method of accounting, profits are recorded pro rata, based upon current estimates of direct and indirect costs to complete such contracts. 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. The effect of the changes on future periods of contract performance is recognized as if the revised estimate had been the original estimate. A significant change in an estimate on one or more contracts could have a material effect on the Corporation’s consolidated financial position, results of operations, or cash flows. In 2015, the Corporation recorded additional costs of $11.5 million related to its long-term contract with Westinghouse to deliver reactor coolant pumps (RCPs) for the AP1000 nuclear power plants in China. The increase in costs is due to a change in estimate related to production modifications that are the result of engineering and endurance testing. There were no other individual significant changes in estimated contract costs at completion during 2016 , 2015 , or 2014 . Losses on contracts are provided for in the period in which the losses become determinable and the excess of billings over cost and estimated earnings on long-term contracts is included in deferred revenue. From time to time, we may enter into multiple-element arrangements in which a customer may purchase a combination of goods, services, or rights to intellectual property. We follow the multiple element accounting guidance within ASC 605-25 for such arrangements which require: (1) determining the separate units of accounting; (2) determining whether the separate units of accounting have stand-alone value; and (3) measuring and allocating the arrangement consideration. We allocate the arrangement consideration in accordance with the selling price hierarchy which requires: (1) the use of vendor-specific objective evidence (VSOE), if available (2) if VSOE is not available, the use of third-party evidence (TPE), and if TPE is not available (3) our best-estimate of selling price (BESP). Approximately 1% of the Company's 2015 net sales were the result of the sale of certain intellectual property licensing rights within a multiple-element arrangement with China for AP1000 reactor coolant pumps (China Direct order). The Company had no further performance obligations with regards to the sale of these perpetual rights. The remainder of the contract, related to the production of sixteen RCPs, is being recognized using percentage-of-completion accounting through 2021. Cash and Cash Equivalents Cash equivalents consist of money market funds and commercial paper that are readily convertible into cash, all with original maturity dates of three months or less. Inventory Inventories are stated at lower of cost or market. Production costs are comprised of direct material and labor and applicable manufacturing overhead. Progress Payments Certain long-term contracts provide for interim billings as costs are incurred on the respective contracts. Pursuant to contract provisions, agencies of the U.S. Government and other customers are granted title or a secured interest for materials and work-in-process included in inventory to the extent progress payments are received. Accordingly, these receipts have been reported as a reduction of unbilled receivables and inventories, as presented in Notes 4 and 5 to the Consolidated Financial Statements. Property, Plant, and Equipment Property, plant, and equipment are carried at cost less accumulated depreciation. Major renewals and betterments are capitalized, while maintenance and repairs that do not improve or extend the life of the asset are expensed in the period they are incurred. Depreciation is computed using the straight-line method based over the estimated useful lives of the respective assets. Average useful lives for property, plant, and equipment are as follows: Buildings and improvements 5 to 40 years Machinery, equipment, and other 3 to 15 years Intangible Assets Intangible assets are generally the result of acquisitions and consist primarily of purchased technology, customer related intangibles, trademarks, and technology licenses. Intangible assets are amortized on a straight-line basis over their estimated useful lives, which range from 1 to 20 years. See Note 8 to the Consolidated Financial Statements for further information on other intangible assets. Impairment of Long-Lived Assets The Corporation reviews the recoverability of all long-lived assets, including the related useful lives, whenever events or changes in circumstances indicate that the carrying amount of a long-lived asset might not be recoverable. If required, the Corporation compares the estimated fair value determined by either the undiscounted future net cash flows or appraised value to the related asset’s carrying value to determine whether there has been an impairment. If an asset is considered impaired, the asset is written down to fair value in the period in which the impairment becomes known. The Corporation recognized no significant impairment charges on assets held in use during the years ended December 31, 2016 , 2015 , and 2014 . For impairment charges on assets held for sale, see Note 2 to the Consolidated Financial Statements. Goodwill Goodwill results from business acquisitions. The Corporation accounts for business acquisitions by allocating the purchase price to the tangible and intangible assets acquired and liabilities assumed. Assets acquired and liabilities assumed are recorded at their fair values, and the excess of the purchase price over the amounts allocated is recorded as goodwill. The recoverability of goodwill is subject to an annual impairment test or whenever an event occurs or circumstances change that would more likely than not result in an impairment. The impairment test is based on the estimated fair value of the underlying businesses. The Corporation’s goodwill impairment test is performed annually in the fourth quarter of each year. See Note 7 to the Consolidated Financial Statements for further information on goodwill. Fair Value of Financial Instruments Accounting guidance requires certain disclosures regarding the fair value of financial instruments. Due to the short maturities of cash and cash equivalents, accounts receivable, accounts payable, and accrued expenses, the net book value of these financial instruments is deemed to approximate fair value. See Notes 9 and 12 to the Consolidated Financial Statements for further information on the Corporation's financial instruments. Research and Development The Corporation funds research and development programs for commercial products and independent research and development and bid and proposal work related to government contracts. Development costs include engineering and field support for new customer requirements. Corporation-sponsored research and development costs are expensed as incurred. Research and development costs associated with customer-sponsored programs are capitalized to inventory and are recorded in cost of sales when products are delivered or services performed. Funds received under shared development contracts are a reduction of the total development expenditures under the shared contract and are shown net as research and development costs. Accounting for Share-Based Payments The Corporation follows the fair value based method of accounting for share-based employee compensation, which requires the Corporation to expense all share-based employee compensation. Share-based employee compensation is a non-cash expense since the Corporation settles these obligations by issuing the shares of Curtiss-Wright Corporation instead of settling such obligations with cash payments. Compensation expense for non-qualified share options, performance shares, and time-based restricted stock is recognized over the requisite service period for the entire award based on the grant date fair value. Income Taxes The Corporation accounts for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. The effect on deferred tax assets and liabilities of a change in tax laws is recognized in the results of operations in the period the new laws are enacted. A valuation allowance is recorded to reduce the carrying amounts of deferred tax assets unless it is more likely than not that such assets will be realized. The Corporation records amounts related to uncertain income tax positions by 1) prescribing a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements and 2) the measurement of the income tax benefits recognized from such positions. The Corporation’s accounting policy is to classify uncertain income tax positions that are not expected to be resolved in one year as a non-current income tax liability and to classify interest and penalties as a component of Interest expense and General and administrative expenses, respectively. See Note 11 to the Consolidated Financial Statements for further information. Foreign Currency For operations outside the United States of America that prepare financial statements in currencies other than the U.S. dollar, the Corporation translates assets and liabilities at period-end exchange rates and income statement amounts using weighted-average exchange rates for the period. The cumulative effect of translation adjustments is presented as a component of accumulated other comprehensive income (loss) within stockholders’ equity. This balance is affected by foreign currency exchange rate fluctuations and by the acquisition of foreign entities. Gains from foreign currency transactions are included in General and administrative expenses within the results of operations, which amounted to $8.9 million , $8.3 million , and $2.9 million for the years ended December 31, 2016 , 2015 , and 2014 , respectively. Derivatives Forward Foreign Exchange and Currency Option Contracts The Corporation uses financial instruments, such as forward exchange and currency option contracts, to hedge a portion of existing and anticipated foreign currency denominated transactions. The purpose of the Corporation’s foreign currency risk management program is to reduce volatility in earnings caused by exchange rate fluctuations. All of the derivative financial instruments are recorded at fair value based upon quoted market prices for comparable instruments, with the gain or loss on these transactions recorded into earnings in the period in which they occur. These losses are classified as General and administrative expenses in the Consolidated Statements of Earnings and amounted to $11.5 million , $11.0 million , and $6.9 million for the years ended December 31, 2016 , 2015 , and 2014 , respectively. The Corporation does not use derivative financial instruments for trading or speculative purposes. Interest Rate Risks and Related Strategies The Corporation’s primary interest rate exposure results from changes in U.S. dollar interest rates. The Corporation’s policy is to manage interest cost using a mix of fixed and variable rate debt. The Corporation periodically uses interest rate swaps to manage such exposures. Under these interest rate swaps, the Corporation exchanges, at specified intervals, the difference between fixed and floating interest amounts calculated by reference to an agreed-upon notional principal amount. For interest rate swaps designated as fair value hedges (i.e., hedges against the exposure to changes in the fair value of an asset or a liability or an identified portion thereof that is attributable to a particular risk), changes in the fair value of the interest rate swaps offset changes in the fair value of the fixed rate debt due to changes in market interest rates. Recently Issued Accounting Standards Recent accounting pronouncements adopted Accounting pronouncement ASU 2015-17 - Balance Sheet Classification of Deferred Taxes was early adopted effective January 1, 2016 and accounting pronouncement ASU 2015-03 - Simplifying the Presentation of Debt Issuance Costs was adopted effective January 1, 2016. Both pronouncements were retrospectively adopted and, accordingly, certain amounts reported in the previous periods have been reclassified to conform to the current year presentation. A summary of the impact of the reclassifications as of December 31, 2015 is shown in the below table. Reclassifications December 31, 2015 as reported Deferred Taxes Debt Issuance Costs December 31, 2015 as reclassified Deferred tax assets. net $ 41,737 $ (41,737 ) $ — $ — Total current assets $ 1,316,620 $ (41,737 ) $ — $ 1,274,883 Other assets $ 15,745 $ 3,107 $ (1,137 ) $ 17,715 Total assets $ 3,029,378 $ (38,630 ) $ (1,137 ) $ 2,989,611 Other current liabilities $ 39,152 $ (1,962 ) $ — $ 37,190 Total current liabilities $ 525,187 $ (1,962 ) $ — $ 523,225 Long-term debt $ 953,083 $ — $ (1,137 ) $ 951,946 Deferred tax liabilities, net $ 91,115 $ (36,668 ) $ — $ 54,447 Total liabilities $ 1,773,955 $ (38,630 ) $ (1,137 ) $ 1,734,188 Total liabilities and stockholders' equity $ 3,029,378 $ (38,630 ) $ (1,137 ) $ 2,989,611 Standards Issued Not Yet Adopted Standard Description Effect on the financial statements ASU 2014-09 Revenue from Contracts with Customers In May 2014, the FASB issued a comprehensive new revenue recognition standard which will supersede previous existing revenue recognition guidance. The standard creates a five-step model for revenue recognition that requires companies to exercise judgment when considering contract terms and relevant facts and circumstances. The five-step model includes (1) identifying the contract, (2) identifying the separate performance obligations in the contract, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations and (5) recognizing revenue when each performance obligation has been satisfied. The standard also requires expanded disclosures surrounding revenue recognition. The standard is effective for fiscal periods beginning after December 15, 2017 and allows for either full retrospective or modified retrospective adoption. The Corporation is currently evaluating the impact of the adoption of this standard on its Consolidated Financial Statements, including the method of adoption as of January 1, 2018. Based on a preliminary review of our customer contracts, we do not believe that the standard will have a material impact on our Consolidated Financial Statements. Our assessment is still ongoing and not complete. While we anticipate some changes to revenue recognition, we do not currently believe that the standard will have a material impact on our Consolidated Financial Statements. The FASB, however, has issued, and may issue in the future, interpretive guidance which may cause our evaluation to change. Date of adoption: January 1, 2018 ASU 2016-02 Leases In February 2016, the FASB issued final guidance that will require lessees to put most leases on their balance sheets but recognize expenses on their income statements in a manner similar to today’s accounting. The guidance requires the use of a modified retrospective approach. The Corporation is currently evaluating the impact of the adoption of this standard on its Consolidated Financial Statements. Date of adoption: January 1, 2019 ASU 2016-09 Improvements to Employee Share-Based Payment Accounting In March 2016, the FASB issued ASU 2016-09, which simplifies several aspects of the accounting for employee share-based payment transactions for both public and nonpublic entities, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. Upon adoption in 2017, the Corporation expects to record a tax benefit which is contingent on the number of stock options, restricted share units, and performance share units exercised or vested during the period as well as the price of the Corporation’s common stock. Date of adoption: January 1, 2017 ASU 2017-04 Simplifying the Test for Goodwill Impairment In January 2017, the FASB issued ASU 2017-04, which eliminates the requirement to calculate the implied fair value of goodwill to measure a goodwill impairment charge. Instead, entities will record an impairment charge based on the excess of a reporting unit’s carrying amount over its fair value. The standard is effective for fiscal periods beginning after December 15, 2019. Early adoption is permitted for interim and annual goodwill impairment testing dates after January 1, 2017. The Corporation plans to early adopt this standard effective January 1, 2017. The standard would only impact the Corporation in the event of a goodwill impairment. Accordingly, we do not expect the adoption to have an impact on our Consolidated Financial Statements. Date of adoption: January 1, 2017

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
	Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations and Assets Held for Sale	. DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE As part of a strategic portfolio review conducted in 2014, the Corporation identified certain businesses it considered non-core. The Corporation considers businesses non-core when their products or services do not complement existing businesses and where the long-term growth and profitability prospects are below the Corporation’s expectations. As part of this initiative, during 2015, the Corporation divested all five businesses that were classified as held for sale as of December 31, 2014. The results of operations of these businesses are reported as discontinued operations within our Consolidated Statements of Earnings. The aggregate financial results of all discontinued operations for the years ended December 31 were as follows: (In thousands) 2016 2015 2014 Net sales $ — $ 57,992 $ 363,869 Loss from discontinued operations before income taxes (1) — (40,984 ) (48,519 ) Income tax benefit / (expense) (2,053 ) (3) 7,926 14,268 Loss on sale of businesses (2) — (13,729 ) (22,360 ) Loss from discontinued operations $ (2,053 ) $ (46,787 ) $ (56,611 ) (1) Loss from discontinued operations before income taxes includes approximately $40.8 million and $41.4 million of held for sale impairment expense in the year ended December 31, 2015 and December 31, 2014 , respectively. (2) In the year ended December 31, 2015 , the Corporation recognized aggregate after tax losses of $13.7 million on the sale of the Aviation Ground, Downstream Oil & Gas, Engineered Packaging and two surface technology businesses. In 2014 , the Corporation recognized aggregate after tax losses of $22.4 million on the sale of the Benshaw, 3D, Upstream Oil & Gas and Vessels business. (3) Amount represents finalization of income tax provision related to discontinued operations for the year ended December 31, 2015. 2015 Divestitures Surface Technologies - Domestic In October 2015 and July 2015 , the Corporation sold the assets and liabilities of two surface technology treatment facilities for an immaterial amount. The businesses were previously classified within assets held for sale and reported within the Commercial/Industrial segment. Engineered Packaging In July 2015 , the Corporation sold the assets and liabilities of its Engineered Packaging business for approximately $14 million and recognized a pre-tax gain of $2.3 million . The businesses were previously classified as assets held for sale and reported within the Defense segment. Downstream In May 2015 , the Corporation completed the divestiture of its Downstream oil and gas business for $19 million , net of transaction costs. During the fourth quarter of 2015, the Company paid a $4.8 million working capital adjustment. The business was previously classified within assets held for sale and was formerly reported in the Company's former Energy segment. During 2015, the Corporation recognized a pre-tax loss on divestiture, including impairment charges, of $59.5 million . During 2014, including impairment charges, the Corporation recognized a $33.1 million pre-tax loss on divestiture. The impairment charges were a result of the declining and volatile oil market. Aviation Ground In January 2015 , the Corporation sold the assets of its Aviation Ground support business for £3 million ( $4 million ). The business was previously classified within assets held for sale and reported within the Defense segment. 2014 Divestitures and facility closures Surface Technologies - International During the fourth quarter of 2014, the Corporation closed certain of its international surface technology manufacturing facilities located in Canada, Italy, and Austria. As a result of the facility closures, the Company incurred $5.3 million of pre-tax closure costs, including a $3.2 million impairment on fixed assets. The businesses were previously reported within the Commercial/Industrial segment. Benshaw On June 30, 2014 , the Corporation sold the assets of its Benshaw business, to Regal-Beloit Corporation for $49.7 million in cash, net of cash sold, and final working capital adjustments. The Corporation recognized a pre-tax loss on divestiture of $7.3 million . The Corporation recognized a tax benefit of $2.9 million in connection with the sale. The business was previously reported within the Defense segment. 3D Radar On April 30, 2014 , the Corporation sold the assets of the 3D Radar business, to Chemring Group PLC for $2.4 million in cash, net of final working capital adjustments. The disposal resulted in a $0.6 million pre-tax gain. The business was previously reported within the Defense segment. Upstream On December 17, 2014 , the Corporation completed the sale of its upstream oil and gas business, for $98 million in cash, net of cash sold, and final working capital adjustments. The Corporation recognized a pre-tax loss on divestiture of $13.7 million . The Corporation recognized a tax benefit of $0.6 million in connection with the sale. The business was previously reported within the former Energy segment. Vessels During the third quarter of 2014, the Corporation completed the sale of its Vessels business, for $2 million in cash, net of transaction costs. The Corporation recognized a pre-tax loss on divestiture of $8.6 million . The Corporation recognized a tax benefit of $3.2 million in connection with the sale. The business was previously reported within the former Energy segment.

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Dec. 31, 2016
Acquisitions [Abstract]
ACQUISITIONS	. ACQUISITIONS The Corporation continually evaluates potential acquisitions that either strategically fit within the Corporation’s existing portfolio or expand the Corporation’s portfolio into new product lines or adjacent markets. The Corporation has completed a number of acquisitions that have been accounted for as business combinations and have resulted in the recognition of goodwill in the Corporation's financial statements. This goodwill arises because the purchase prices for these businesses reflect the future earnings and cash flow potential in excess of the earnings and cash flows attributable to the current product and customer set at the time of acquisition. Thus, goodwill inherently includes the know-how of the assembled workforce, the ability of the workforce to further improve the technology and product offerings, and the expected cash flows resulting from these efforts. Goodwill may also include expected synergies resulting from the complementary strategic fit these businesses bring to existing operations. The Corporation allocates the purchase price at the date of acquisition based upon its understanding of the fair value of the acquired assets and assumed liabilities. In the months after closing, as the Corporation obtains additional information about these assets and liabilities, including through tangible and intangible asset appraisals, and as the Corporation learns more about the newly acquired business, it is able to refine the estimates of fair value and more accurately allocate the purchase price. Only items identified as of the acquisition date are considered for subsequent adjustment. The Corporation will make appropriate adjustments to the purchase price allocation prior to completion of the measurement period, as required. During 2016 , no acquisitions were made. In 2015 , the Corporation acquired one business for an aggregate purchase price of $13.2 million , net of cash acquired, which is described in more detail below. 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 2015 : (In thousands) 2016 2015 Accounts receivable $ — $ 996 Inventory — 152 Property, plant, and equipment — 1,463 Other current assets — 155 Intangible assets — 7,700 Current and non-current liabilities — (6 ) Due to seller — (1,470 ) Net tangible and intangible assets — 8,990 Purchase price — 13,228 Goodwill $ — $ 4,238 2015 Acquisitions COMMERCIAL/INDUSTRIAL Bolt’s Metallizing, Inc. On March 16, 2015 , the Corporation acquired certain assets and assumed certain liabilities of Bolt’s Metallizing, Inc. for $ 13.2 million in cash. The Asset Purchase Agreement contains a purchase price adjustment mechanism and representations and warranties customary for a transaction of this type, including a portion of the purchase price held back as security for potential indemnification claims against the seller. Bolt’s Metallizing is a provider of thermal spray coatings for critical aerospace applications, including high velocity oxygen fuel (HVOF) and plasma spray coating capabilities.

RECEIVABLES

RECEIVABLES	12 Months Ended
	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
RECEIVABLES	. RECEIVABLES Receivables include current notes, amounts billed to customers, claims, other receivables, and unbilled revenue on long-term contracts, which consists of amounts recognized as sales but not billed. Substantially all amounts of unbilled receivables are expected to be billed and collected in the subsequent year. An immaterial amount of unbilled receivables are subject to retainage provisions. The amount of claims and unapproved change orders within our receivables balances are immaterial. Credit risk is diversified due to the large number of entities comprising the Corporation’s customer base and their geographic dispersion. The Corporation is either a prime contractor or subcontractor to various agencies of the U.S. Government. Revenues derived directly and indirectly from government sources (primarily the U.S. Government) were 38% and 36% of consolidated revenues in 2016 and 2015 , respectively. Total receivables due primarily from the U.S Government were $183.6 million and $165.6 million at December 31, 2016 and 2015 , respectively. Government (primarily the U.S. Government) unbilled receivables, net of progress payments, were $83.2 million and $70.6 million at December 31, 2016 and 2015 , respectively. The composition of receivables as of December 31 is as follows: (In thousands) 2016 2015 Billed receivables: Trade and other receivables $ 340,091 $ 435,172 Less: Allowance for doubtful accounts (4,832 ) (5,664 ) Net billed receivables 335,259 429,508 Unbilled receivables: Recoverable costs and estimated earnings not billed 149,847 153,045 Less: Progress payments applied (22,044 ) (16,264 ) Net unbilled receivables 127,803 136,781 Receivables, net $ 463,062 $ 566,289

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2016
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 as of December 31 is as follows: (In thousands) 2016 2015 Raw material $ 189,228 $ 196,684 Work-in-process 73,843 79,406 Finished goods 112,478 114,931 Inventoried costs related to U.S. Government and other long-term contracts 57,516 51,774 Gross inventories 433,065 442,795 Less: Inventory reserves (54,988 ) (48,904 ) Progress payments applied, principally related to long-term contracts (11,103 ) (14,300 ) Inventories, net $ 366,974 $ 379,591 As of December 31, 2016 and 2015 , inventory also includes capitalized contract development costs of $28.8 million and $29.7 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 December 31, 2016 and 2015 , $3.9 million and $2.5 million , respectively, are scheduled to be liquidated under existing firm orders.

PROPERTY, PLANT, AND EQUIPMENT

PROPERTY, PLANT, AND EQUIPMENT	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT, AND EQUIPMENT	. PROPERTY, PLANT, AND EQUIPMENT The composition of property, plant, and equipment as of December 31 is as follows: (In thousands) 2016 2015 Land $ 19,511 $ 19,933 Buildings and improvements 215,221 218,016 Machinery, equipment, and other 752,356 739,965 Property, plant, and equipment, at cost 987,088 977,914 Less: Accumulated depreciation (598,185 ) (564,270 ) Property, plant, and equipment, net $ 388,903 $ 413,644 Depreciation expense from continuing operations for the years ended December 31, 2016 , 2015 , and 2014 was $62.6 million , $64.7 million , and $66.6 million , respectively.

GOODWILL

GOODWILL	12 Months Ended
	Dec. 31, 2016
Goodwill [Abstract]
GOODWILL	. GOODWILL The changes in the carrying amount of goodwill for 2016 and 2015 are as follows: (In thousands) Commercial/Industrial Defense Power Assets Held for Sale Consolidated December 31, 2014 $ 454,092 $ 356,689 $ 187,725 $ 42,395 $ 1,040,901 Acquisitions 4,238 — — — 4,238 Divestitures — — — (41,264 ) (41,264 ) Goodwill adjustments 21 1,131 — (1,131 ) 21 Foreign currency translation adjustment (10,523 ) (20,217 ) (550 ) — (31,290 ) December 31, 2015 $ 447,828 $ 337,603 $ 187,175 $ — $ 972,606 Divestitures — (452 ) — — (452 ) Foreign currency translation adjustment (11,687 ) (9,496 ) 86 — (21,097 ) December 31, 2016 $ 436,141 $ 327,655 $ 187,261 $ — $ 951,057 The purchase price allocations relating to the businesses acquired are initially based on estimates. The Corporation adjusts these estimates based upon final analysis including input from third party appraisals, when deemed appropriate. The determination of fair value is finalized no later than twelve months from acquisition. Goodwill adjustments represent subsequent adjustments to the purchase price allocation for acquisitions. The Corporation completed its annual goodwill impairment testing as of October 31, 2016 , 2015 , and 2014 and concluded that there was no impairment of value. The estimated fair value of the reporting units substantially exceeded the recorded book value.

OTHER INTANGIBLE ASSETS, NET

OTHER INTANGIBLE ASSETS, NET	12 Months Ended
	Dec. 31, 2016
Intangible Assets, Net (Excluding Goodwill) [Abstract]
OTHER INTANGIBLE ASSETS, NET	. OTHER INTANGIBLE ASSETS, NET Intangible assets are generally the result of acquisitions and consist primarily of purchased technology, customer related intangibles, and trademarks. Intangible assets are amortized over useful lives that generally range between 1 and 20 years. The following tables present the cumulative composition of the Corporation’s intangible assets as of December 31, 2016 and December 31, 2015 , respectively. 2016 2015 (In thousands) Gross Accumulated Amortization Net Gross Accumulated Net Technology $ 166,859 $ (98,266 ) $ 68,593 $ 171,382 $ (91,430 ) $ 79,952 Customer related intangibles 349,742 (157,154 ) 192,588 357,538 (140,816 ) 216,722 Other intangible assets 36,709 (26,429 ) 10,280 37,200 (23,111 ) 14,089 Total $ 553,310 $ (281,849 ) $ 271,461 $ 566,120 $ (255,357 ) $ 310,763 Amortization expense from continuing operations for the years ended December 31, 2016 , 2015 , and 2014 was $33.4 million , $34.8 million , and $38.3 million , respectively. The estimated future amortization expense of intangible assets over the next five years is as follows: (In thousands) 2017 $ 32,178 2018 31,100 2019 29,340 2020 27,470 2021 25,759

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2016
Fair Value Of Financial Instruments [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 Consolidated Balance Sheets. Interest Rate Risks and Related Strategies The Corporation’s primary interest rate exposure results from changes in U.S. dollar interest rates. The Corporation’s policy is to manage interest cost using a mix of fixed and variable rate debt. The Corporation periodically uses interest rate swaps to manage such exposures. Under these interest rate swaps, the Corporation exchanges, at specified intervals, the difference between fixed and floating interest amounts calculated by reference to an agreed-upon notional principal amount. 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. In March 2013, the Corporation entered into fixed-to-floating interest rate swap agreements to convert the interest payments of (i) the $100 million , 3.85% notes, due February 26, 2025 , from a fixed rate to a floating interest rate based on 1-Month LIBOR plus a 1.77% spread, and (ii) the $75 million , 4.05% notes, due February 26, 2028 , from a fixed rate to a floating interest rate based on 1-Month LIBOR plus a 1.73% spread. In January 2012, the Corporation entered into fixed-to-floating interest rate swap agreements to convert the interest payments of (i) the $200 million , 4.24% notes, due December 1, 2026 , from a fixed rate to a floating interest rate based on 1-Month LIBOR plus a 2.02% spread, and (ii) $25 million of the $100 million , 3.84% notes, due December 1, 2021 , from a fixed rate to a floating interest rate based on 1-Month LIBOR plus a 1.90% spread. On February 5, 2016, the Corporation terminated its March 2013 and January 2012 interest rate swap agreements. As a result of the termination, the Corporation received a cash payment of $20.4 million , representing the fair value of the interest rate swaps on the date of termination. In connection with the termination, the Corporation and the counterparties released each other from all obligations under the interest rate swaps agreement, including, without limitation, the obligation to make periodic payments under such agreements. The gain on termination is reflected as a bond premium to our notes' carrying value and will be amortized into interest expense over the remaining terms of the Senior Notes. 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 based on Level 2 inputs. Effects on Consolidated Balance Sheets The location and amounts of derivative instrument fair values in the consolidated balance sheet are below. December 31, (In thousands) 2016 2015 Assets Designated for hedge accounting Interest rate swaps $ — $ 3,083 Undesignated for hedge accounting Forward exchange contracts $ 142 $ 223 Total asset derivatives (1) $ 142 $ 3,306 Liabilities Undesignated for hedge accounting Forward exchange contracts $ 419 $ 673 Total liability derivatives (2) $ 419 $ 673 (1) Forward exchange derivatives are included in Other current assets and interest rate swap assets are included in Other assets. (2) Forward exchange derivatives are included in Other current liabilities. Effects on 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 years ended December 31, were as follows: Gain/(Loss) on Swap (In thousands) 2016 2015 2014 Other income, net Interest rate swaps $ — $ 8,204 $ 44,724 Hedged fixed rate debt $ — $ (8,204 ) $ (44,724 ) Total $ — $ — $ — Undesignated hedges The location and amount of losses recognized in income on forward exchange derivative contracts not designated for hedge accounting for the years ended December 31, were as follows: (In thousands) 2016 2015 2014 Forward exchange contracts: General and administrative expenses $ 11,510 $ 11,042 $ 6,880 Debt The estimated fair value amounts were determined by the Corporation using available market information, which is primarily based on quoted market prices for the same or similar issues as of December 31, 2016 . The fair value of our debt instruments are characterized as a Level 2 measurement in accordance with the fair value hierarchy. The estimated fair values of the Corporation’s fixed rate debt instruments at December 31, 2016 , net of debt issuance costs, aggregated $ 961 million compared to a carrying value, net of debt issuance costs, of $ 949 million . The estimated fair values of the Corporation’s fixed rate debt instruments at December 31, 2015 , net of debt issuance costs, aggregated $ 959 million compared to a carrying value, net of debt issuance costs, of $ 952 million . The fair values described above may not be indicative of net realizable value or reflective of future fair values. Furthermore, the use of different methodologies to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. Nonrecurring measurements As discussed in Note 2 to the Consolidated Financial Statements, the Corporation classified certain businesses as held for sale during 2014. In accordance with the provisions of the Impairment or Disposal of Long-Lived Assets guidance of FASB Codification Subtopic 360–10, the carrying amounts of the disposal groups were written down to their estimated fair value, less costs to sell, resulting in an impairment charge of $40.8 million , which was included in the loss from discontinued operations before income taxes for the year ended December 31, 2015. For the year ended December 31, 2014, an impairment charge of $41.4 million was recorded in the loss from discontinued operations before income taxes. The fair value of the disposal groups were determined primarily by using non-binding quotes. In accordance with the fair value hierarchy, the impairment charge is classified as a Level 3 measurement as it is based on significant other unobservable inputs.

ACCRUED EXPENSES AND OTHER CURR

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	12 Months Ended
	Dec. 31, 2016
Accrued Liabilities, Current [Abstract]
Accrued Expenses And Other Current Liabilities	. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses consist of the following as of December 31: (In thousands) 2016 2015 Accrued compensation $ 85,970 $ 86,497 Accrued commissions 5,189 7,250 Accrued interest 9,817 9,900 Accrued insurance 7,521 5,261 Other 21,742 22,955 Total accrued expenses $ 130,239 $ 131,863 Other current liabilities consist of the following as of December 31: (In thousands) 2016 2015 Warranty reserves $ 11,768 $ 15,053 Additional amounts due to sellers on acquisitions 1,985 2,883 Reserves on loss contracts 1,662 2,711 Pension and other postretirement liabilities 5,331 4,560 Other 7,281 11,983 Total other current liabilities $ 28,027 $ 37,190

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	. INCOME TAXES Earnings before income taxes for the years ended December 31 consist of: (In thousands) 2016 2015 2014 Domestic $ 154,571 $ 135,112 $ 120,563 Foreign 113,390 140,082 126,381 $ 267,961 $ 275,194 $ 246,944 The provision for income taxes for the years ended December 31 consists of: (In thousands) 2016 2015 2014 Current: Federal $ 45,523 $ (6,741 ) $ 70,609 State 8,002 6,175 9,065 Foreign 20,861 27,134 33,401 Total current 74,386 26,568 113,075 Deferred: Federal 4,267 49,060 (29,683 ) State 73 7,390 (1,247 ) Foreign (147 ) (72 ) (5,150 ) Total deferred 4,193 56,378 (36,080 ) Provision for income taxes $ 78,579 $ 82,946 $ 76,995 The effective tax rate varies from the U.S. federal statutory tax rate for the years ended December 31, principally: 2016 2015 2014 U.S. federal statutory tax rate 35.0 % 35.0 % 35.0 % Add (deduct): State and local taxes, net of federal benefit 1.1 4.3 2.4 R&D tax credits (0.9 ) (1.3 ) (1.3 ) Foreign earnings (1) (5.8 ) (6.2 ) (4.4 ) All other, net (0.1 ) (1.7 ) (0.5 ) Effective tax rate 29.3 % 30.1 % 31.2 % (1) Foreign earnings primarily include the net impact of differences between local statutory rates and the U.S. Federal statutory rate, the cost of repatriating foreign earnings, and the impact of changes to foreign valuation allowances. The components of the Corporation’s deferred tax assets and liabilities at December 31 are as follows: (In thousands) 2016 2015 Deferred tax assets: Pension plans $ 45,568 $ 40,102 Environmental reserves 9,871 9,561 Inventories 21,758 20,041 Postretirement/postemployment benefits 13,542 13,272 Incentive compensation 9,425 12,369 Net operating loss 10,345 9,043 Capital loss carryover 11,352 10,141 Other 39,977 38,226 Total deferred tax assets 161,838 152,755 Deferred tax liabilities: Depreciation 25,963 29,771 Goodwill amortization 97,667 89,276 Other intangible amortization 51,712 54,017 Other 16,225 12,280 Total deferred tax liabilities 191,567 185,344 Valuation allowance 17,776 17,895 Net deferred tax liabilities $ 47,505 $ 50,484 Deferred tax assets and liabilities are reflected on the Corporation’s consolidated balance sheet at December 31 as follows: (In thousands) 2016 2015 Net noncurrent deferred tax assets 2,217 3,963 Net noncurrent deferred tax liabilities 49,722 54,447 Net deferred tax liabilities $ 47,505 $ 50,484 The Corporation has income tax net operating loss carryforwards related to international operations of approximately $24.0 million of which $13.0 million have an indefinite life and $11.0 million expire through 2023 . The Corporation has federal and state income tax net loss carryforwards of approximately $97.6 million , of which $66.5 million are net operating losses which expire through 2036 and $31.1 million are capital loss carryforwards which expire in 2020 . The Corporation has recorded a deferred tax asset of $21.7 million reflecting the benefit of the loss carryforwards. Management assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to utilize the existing deferred tax assets. A significant piece of objective negative evidence evaluated was the cumulative loss incurred over the three-year period ended December 31, 2016 in certain of the Corporation’s foreign locations. Such objective evidence limits the ability to consider other subjective evidence such as projections for future growth. The Corporation decreased its valuation allowance by $0.1 million to $17.8 million , as of December 31, 2016 , in order to measure only the portion of the deferred tax asset that more likely than not will be realized. The amount of the deferred tax asset considered realizable, however, could be adjusted if estimates of future taxable income during the carryforward period are reduced or if objective negative evidence in the form of cumulative losses is no longer present and additional weight may be given to subjective evidence such as projections for growth. Income tax payments, net of refunds, of $54.5 million , $4.9 million , and $35.0 million were made in 2016 , 2015 , and 2014 , respectively. The amount of undistributed foreign subsidiaries earnings considered to be permanently reinvested for which no provision has been made for U.S. federal or foreign taxes at December 31, 2016 was $283.5 million . It is not practicable to estimate the amount of tax that would be payable if these amounts were repatriated to the United States; however, foreign tax credits may partiality offset any tax liability. The Corporation has recognized a liability in Other liabilities for interest of $1.8 million and penalties of $1.4 million as of December 31, 2016 . A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: (In thousands) 2016 2015 2014 Balance at January 1, $ 12,414 $ 11,560 $ 10,623 Additions for tax positions of prior periods 32 359 1,421 Reductions for tax positions of prior periods (1,679 ) — — Additions for tax positions related to the current year 789 2,026 1,738 Settlements (102 ) (1,414 ) (2,039 ) Lapses of statute of limitations — — (41 ) Foreign currency translation — (117 ) (142 ) Balance at December 31, $ 11,454 $ 12,414 $ 11,560 In many cases the Corporation’s uncertain tax positions are related to tax years that remain subject to examination by tax authorities. The following describes the open tax years, by major tax jurisdiction, as of December 31, 2016 : United States (Federal) 2013 - present United States (Various states) 2005 - present United Kingdom 2009 - present Canada 2010 - present The Corporation does not expect any significant changes to the estimated amount of liability associated with its uncertain tax positions through the next twelve months. Included in the total unrecognized tax benefits at December 31, 2016 , 2015 , and 2014 is $7.7 million , $8.3 million , and $8.0 million , respectively, which if recognized, would favorably affect the effective income tax rate.

DEBT

DEBT	12 Months Ended
	Dec. 31, 2016
Debt Instruments [Abstract]
DEBT	. DEBT Debt consists of the following as of December 31: (In thousands) 2016 2016 2015 2015 Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value 5.51% Senior notes due 2017 150,000 154,509 150,000 158,024 3.84% Senior notes due 2021 100,000 102,463 100,307 100,307 3.70% Senior notes due 2023 225,000 226,946 225,000 224,322 3.85% Senior notes due 2025 100,000 100,338 100,450 100,450 4.24% Senior notes due 2026 200,000 203,592 201,422 201,422 4.05% Senior notes due 2028 75,000 74,630 75,904 75,904 4.11% Senior notes due 2028 100,000 99,876 100,000 99,720 Other debt 668 668 1,259 1,259 Total debt 950,668 963,022 954,342 961,408 Debt issuance costs, net (984) (984) (1,137) (1,137) Unamortized interest rate swap proceeds 16,614 16,614 — — Total debt, net 966,298 978,652 953,205 960,271 Less: current portion of long-term debt and short-term debt 150,668 150,668 1,259 1,259 Total long-term debt $815,630 $827,984 $951,946 $959,012 The Corporation did not have any borrowings against the Revolving Credit Agreement in 2016 . The weighted-average interest rate of the Corporation’s Revolving Credit Agreement was 3.2% in 2015 . The debt outstanding had fixed and variable interest rates averaging 3.9% and 3.3% in 2016 and 2015 , respectively. Aggregate maturities of debt are as follows: (In thousands) 2017 $ 150,668 2018 — 2019 — 2020 — 2021 100,000 Thereafter 700,000 Total $ 950,668 Interest payments of $38 million , $33 million , and $33 million were made in 2016 , 2015 , and 2014 , respectively. Revolving Credit Agreement In August 2012 , the Corporation refinanced its existing credit facility by entering into a Third Amended and Restated Credit Agreement (Credit Agreement) with a syndicate of financial institutions, led by Bank of America N.A., Wells Fargo, N.A, and JP Morgan Chase Bank, N.A. The proceeds available under the Credit Agreement are to be used for working capital, internal growth initiatives, funding of future acquisitions, and general corporate purposes. Under the terms of the Credit Agreement, the Corporation has borrowing capacity of $500 million . In addition, the Credit Agreement provides an accordion feature which allows the Corporation to borrow an additional $100 million . As of December 31, 2016 , the Corporation had $47 million in letters of credit supported by the credit facility and no borrowings outstanding under the credit facility. The unused credit available under the credit facility at December 31, 2016 was $453 million , which we had the ability to borrow in full without violating our debt to capitalization covenant. In December 2014 , the Corporation amended its existing credit facility by entering into a Second Amendment to the Third Amended and Restated Credit Agreement (Credit Agreement) with a syndicate of financial institutions, led by Bank of America N.A., Wells Fargo, N.A, and JP Morgan Chase Bank, N.A. The amendment extends the maturity date of the agreement to November 2019 . No other material modifications were made to the 2012 Credit Agreement. The Credit Agreement contains covenants that the Corporation considers usual and customary for an agreement of this type for comparable commercial borrowers, including a maximum consolidated debt to capitalization ratio of 60%. The Credit Agreement has customary events of default, such as non-payment of principal when due; nonpayment of interest, fees, or other amounts; cross-payment default and cross-acceleration. Borrowings under the credit agreement will accrue interest based on (i) Libor or (ii) a base rate of the highest of (a) the federal funds rate plus 0.5%, (b) BofA’s announced prime rate, or (c) the Eurocurrency rate plus 1%, plus a margin. The interest rate and level of facility fees are dependent on certain financial ratios, as defined in the Credit Agreement. The Credit Agreement also provides customary fees, including administrative agent and commitment fees. In connection with the Credit Agreement, we paid customary transaction fees that have been deferred and are being amortized over the term of the Credit Agreement. Senior Notes On February 26, 2013 , the Corporation issued $500 million of Senior Notes (the “2013 Notes”). The 2013 Notes consist of $225 million of 3.70% Senior Notes that mature on February 26, 2023 , $100 million of 3.85% Senior Notes that mature on February 26, 2025 , and $75 million of 4.05% Senior Notes that mature on February 26, 2028 . $100 million of additional 4.11% Senior Notes were deferred and subsequently issued on September 26, 2013 that mature on September 26, 2028 . The 2013 Notes are senior unsecured obligations, equal in right of payment to the Corporation’s existing senior indebtedness. The Corporation, at its option, can prepay at any time all or any part of the 2013 Notes, subject to a make-whole payment in accordance with the terms of the Note Purchase Agreement. In connection with the issuance of the 2013 Notes, the Corporation paid customary fees that have been deferred and are being amortized over the term of the 2013 Notes. Under the terms of the Note Purchase Agreement, the Corporation is required to maintain certain financial ratios, the most restrictive of which is a debt to capitalization limit of 60% . The debt to capitalization ratio (as defined per the Notes Purchase Agreement and Credit Agreement) is calculated using the same formula for all of the Corporation’s debt agreements and is a measure of the Corporation’s indebtedness to capitalization, where capitalization equals debt plus equity. As of December 31, 2016 , the Corporation had the ability to borrow additional debt of $0.8 billion without violating our debt to capitalization covenant. The 2013 Notes also contain a cross default provision with respect to the Corporation’s other senior indebtedness. On December 8, 2011 , the Corporation issued $300 million of Senior Notes (the “2011 Notes”). The 2011 Notes consist of $100 million of 3.84% Senior Notes that mature on December 1, 2021 and $200 million of 4.24% Senior Series Notes that mature on December 1, 2026 . The 2011 Notes are senior unsecured obligations, equal in right of payment to our existing senior indebtedness. The Corporation, at its option, can prepay at any time all or any part of our 2011 Notes, subject to a make-whole payment in accordance with the terms of the Note Purchase Agreement. In connection with our 2011 Notes, the Corporation paid customary fees that have been deferred and are being amortized over the term of our 2011 Notes. Under the Note Purchase Agreement, the Corporation is required to maintain certain financial ratios, the most restrictive of which is a debt to capitalization limit of 60% . The 2011 Notes also contain a cross default provision with our other senior indebtedness. On December 1, 2005 , the Corporation issued $150 million of 5.51% Senior Notes (the “2005 Notes”). The 2005 Notes mature on December 1, 2017 . The Notes are senior unsecured obligations and are equal in right of payment to the Corporation’s existing senior indebtedness. The Corporation, at its option, can prepay at any time all or any part of the 2005 Notes, subject to a make-whole amount in accordance with the terms of the Note Purchase Agreement. In connection with the Notes, the Corporation paid customary fees that have been deferred and are being amortized over the terms of the Notes. The Corporation is required under the Note Purchase Agreement to maintain certain financial ratios, the most restrictive of which is a debt to capitalization limit of 60% . The 2005 Notes also contain a cross default provision with the Corporation’s other senior indebtedness.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
EARNINGS PER SHARE	. EARNINGS PER SHARE The Corporation is required to report both basic earnings per share (EPS), based on the weighted-average number of common shares outstanding, and diluted earnings per share, based on the basic EPS adjusted for all potentially dilutive shares issuable. As of December 31, 2016 , 2015 , and 2014 , there were no options outstanding that were considered anti-dilutive. Earnings per share calculations for the years ended December 31, 2016 , 2015 , and 2014 , are as follows: (In thousands, except per share data) Earnings from continuing operations Weighted- Average Shares Outstanding Earnings per share from continuing operations 2016 Basic earnings per share from continuing operations $ 189,382 44,389 $ 4.27 Dilutive effect of stock options and deferred stock compensation 656 Diluted earnings per share from continuing operations $ 189,382 45,045 $ 4.20 2015 Basic earnings per share from continuing operations $ 192,248 46,624 $ 4.12 Dilutive effect of stock options and deferred stock compensation 992 Diluted earnings per share from continuing operations $ 192,248 47,616 $ 4.04 2014 Basic earnings per share from continuing operations $ 169,949 48,019 $ 3.54 Dilutive effect of stock options and deferred stock compensation 1,056 Diluted earnings per share from continuing operations $ 169,949 49,075 $ 3.46

SHARE-BASED COMPENSATION PLANS

SHARE-BASED COMPENSATION PLANS	12 Months Ended
	Dec. 31, 2016
Share-based Compensation [Abstract]
SHARE-BASED COMPENSATION PLANS	. SHARE-BASED COMPENSATION PLANS In May 2014, the Corporation adopted the Curtiss Wright 2014 Omnibus Incentive Plan (the “2014 Omnibus Plan”). The plan replaced the Corporation's existing 2005 Long Term Incentive Plan and the 2005 Stock Plan for Non-Employee Directors (collectively the “2005 Stock Plans”). Beginning May 2014, all awards were granted under the 2014 Omnibus Plan. The maximum aggregate number of shares of common stock that may be issued under the 2014 Omnibus Plan will be 2,400,000 less one share of common stock for every one share of common stock granted under any Prior Plan after December 31, 2013 and prior to the effective date of the 2014 Omnibus Plan. In addition, any awards that were previously granted under any Prior Plan that terminate without issuance of shares, shall be eligible for issuance under the 2014 Omnibus Plan. Awards under the 2014 Omnibus Plan may be in the form of stock options, stock appreciation rights, restricted stock, restricted stock units (RSU), other stock-based awards, and performance share units (PSU) or cash based performance units (PU). During 2016 , the Corporation granted awards in the form of RSUs, PSUs, PUs, and restricted stock. Previous grants under the 2005 Stock Plans included non-qualified stock options. Under our employee benefit program, the Corporation also provides an Employee Stock Purchase Plan (ESPP) available to most active employees. Certain awards provide for accelerated vesting if there is a change in control. The compensation cost for employee and non-employee director share-based compensation programs during 2016 , 2015 , and 2014 is as follows: (In thousands) 2016 2015 2014 Employee Stock Purchase Plan 1,184 1,279 1,350 Performance Share Units 3,910 4,349 3,728 Restricted Share Units 3,426 3,015 2,655 Other share-based payments 958 830 767 Total share-based compensation expense before income taxes $ 9,478 $ 9,473 $ 8,500 Other share-based grants include service based restricted stock awards to non-employee directors, who are treated as employees as prescribed by the accounting guidance on share-based payments. The compensation cost recognized follows the cost of the employee, which is primarily reflected as General and administrative expenses in the Consolidated Statements of Earnings. No share-based compensation costs were capitalized during 2016 , 2015 , or 2014 . The following table summarizes the cash received from share-based awards and the Corporation's tax benefit recognized on share-based compensation: (In thousands) 2016 2015 2014 Cash received from share-based awards $ 22,300 $ 28,706 $ 38,183 Recognized tax benefit on awards $ 11,101 $ 9,119 $ 9,610 A summary of employee stock option activity is as follows: Shares (000’s) Weighted- Average Exercise Price Weighted- Average Remaining Contractual Term in Years Aggregate Intrinsic Value (000’s) Outstanding at December 31, 2015 852 $ 33.54 Exercised (408 ) 35.30 Forfeited (1 ) 36.73 Outstanding at December 31, 2016 443 $ 31.91 2.9 $ 29,421 Exercisable at December 31, 2016 443 $ 31.91 2.9 $ 29,421 The total intrinsic value of stock options exercised during 2016 , 2015 , and 2014 was $43.2 million , $36.8 million , and $28.3 million , respectively. Performance Share Units The Corporation has granted performance share units to certain employees, whose three year cliff vesting is contingent upon how the Corporation's total shareholder return over the three-year term of the awards compares to that of a self-constructed peer group. The non-vested shares are subject to forfeiture if established performance goals are not met or employment is terminated other than due to death, disability, or retirement. Share plans are denominated in share-based units based on the fair market value of the Corporation’s Common stock on the date of grant. The performance share unit’s compensation cost is amortized to expense on a straight-line basis over the three-year requisite service period. As forfeiture assumptions change, compensation cost will be adjusted on a cumulative basis in the period of the assumption change. Restricted Share Units Restricted share units cliff vest at the end of the awards’ vesting period. The restricted share units are service based and thus compensation cost is amortized to expense on a straight-line basis over the requisite service period, which is typically three years. The non-vested restricted units are subject to forfeiture if employment is terminated other than due to death, disability, or retirement. A summary of the Corporation’s 2016 activity related to performance share units and restricted share units are as follows: Performance Share Units (PSUs) Restricted Share Units (RSUs) Shares/Units (000’s) Weighted- Average Fair Value Shares/Units (000’s) Weighted- Average Fair Value Nonvested at December 31, 2015 286 $ 52.70 245 $ 55.98 Granted 38 124.83 63 98.64 Vested (108 ) 40.30 (93 ) 43.42 Forfeited (12 ) 77.27 (11 ) 66.48 Nonvested at December 31, 2016 204 $ 71.28 204 $ 74.38 Expected to vest at December 31, 2016 204 $ 71.28 204 $ 74.38 Nonvested PSUs had an intrinsic value of $ 20.0 million and unrecognized compensation costs of $8.9 million as of December 31, 2016 . Nonvested RSUs had an intrinsic value of $ 20.0 million and unrecognized compensation costs of $10.6 million as of December 31, 2016 . Unrecognized compensation costs related to PSUs and RSUs are expected to be recognized over periods of 2.4 - 2.5 years. Employee Stock Purchase Plan The Corporation’s ESPP enables eligible employees to purchase the Corporation’s common stock at a price per share equal to 85% of the fair market value at the end of each offering period. Each offering period of the ESPP lasts six months, commencing on January 1st and July 1st of each year. Compensation cost is recognized on a straight-line basis over the six-month vesting period during which employees perform related services.

PENSION AND OTHER POSTRETIREMEN

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS	12 Months Ended
	Dec. 31, 2016
General Discussion of Pension and Other Postretirement Benefits [Abstract]
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS	. PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS The Corporation maintains ten separate and distinct pension and other post-retirement defined benefit plans, consisting of three domestic plans and seven separate foreign pension plans. Effective May 1, 2016, the Corporation completed the merger of three frozen UK defined benefit pension schemes by merging the Metal Improvement Company Salaried Staff Pension Scheme and the Mechetronics Limited Retirement Benefits Scheme into the Curtiss-Wright Penny & Giles Pension Plan. The Penny & Giles Plan was then renamed the Curtiss-Wright UK Pension Plan. Effective December 31, 2014, the Corporation executed the following plan mergers: the two Williams Controls defined benefit pension plans were merged with the CW Pension Plan, resulting in one surviving domestic qualified plan, and the three domestic post-retirement health-benefits plans (CW, EMD, and Williams Controls) were merged into one . Post-merger, the Corporation maintains the following domestic plans: a qualified pension plan, a non-qualified pension plan, and a postretirement health-benefits plan. The foreign plans consist of one defined benefit pension plan each in the United Kingdom, Canada and Switzerland, two in Germany, and two in Mexico. Domestic Plans Qualified Pension Plan The Corporation maintains a defined benefit pension plan (the “CW Pension Plan”) covering certain employee populations under six benefit formulas: a non-contributory non-union and union formula for certain Curtiss-Wright (CW) employees, a contributory union and non-union benefit formula for employees at the EMD business unit, and two benefit formulas providing annuity benefits for participants in the former Williams Controls salaried and union plans. CW non-union employees hired prior to February 1, 2010 receive a “traditional” benefit based on years of credited service, using the five highest consecutive years’ compensation during the last ten years of service. These employees became participants under the CW Pension Plan after one year of service and were vested after three years of service. CW non-union employees hired on or after the effective date were eligible for a cash balance benefit through December 31, 2013, and were transitioned to the new defined contribution plan, further described below. CW union employees who have negotiated a benefit under the CW Pension Plan are entitled to a benefit based on years of service multiplied by a monthly pension rate. The formula for EMD employees covers both union and non-union employees and is designed to satisfy the requirements of relevant collective bargaining agreements. Employee contributions are withheld each pay period and are equal to 1.5% of salary. The benefits for the EMD employees are based on years of service and compensation. On December 31, 2012, the Corporation amended the CW Pension Plan to close the benefit to EMD employees hired after January 1, 2014. Participants of the former Williams Controls Retirement Income Plan for salaried employees are either deferred vested participants or currently receiving benefits, as benefit accruals under the plan were frozen to future accruals effective January 1, 2003. Benefits in the salaried plan are based on average compensation and years of service. Participants of the former Williams Controls UAW Local 492 Plan for union employees are entitled to a benefit based on years of service multiplied by a monthly pension rate, and may be eligible for supplemental benefits based upon attainment of certain age and service requirements. In May 2013, the Company’s Board of Directors approved an amendment to the CW Pension Plan. Effective January 1, 2014, all active non-union employees participating in the final and career average pay formulas in the defined benefit plan will cease accruals 15 years from the effective date of the amendment. In addition to the sunset provision, the “cash balance” benefit for non-union participants ceased as of January 1, 2014. Non-Union employees who are not currently receiving final or career average pay benefits became eligible to participate in a new defined contribution plan which provides both employer match and non-elective contribution components, up to a maximum employer contribution of 6% . The amendment does not affect CW employees that are subject to collective bargaining agreements. At December 31, 2016 and 2015 , the Corporation had a noncurrent pension liability of $40.4 million and $38.1 million , respectively. This increase was primarily driven by a decrease in market interest rates as of December 31, 2016, partially offset by favorable changes to assumed mortality and favorable liability and asset experience during 2016. Due to the large cash contribution in January 2015, the Corporation does not expect to make any further contributions through 2021 , but expects to make annual contributions to the defined contribution plan, as further described below. Nonqualified Pension Plan The Corporation also maintains a non-qualified restoration plan (the “CW Restoration Plan”) covering those employees of CW and EMD whose compensation or benefits exceed the IRS limitation for pension benefits. Benefits under the CW Restoration Plan are not funded, and, as such, the Corporation had an accrued pension liability of $40.4 million and $39.4 million as of December 31, 2016 and 2015 , respectively. The Corporation’s contributions to the CW Restoration Plan are expected to be $3.2 million in 2017 . Other Post-Employment Benefits (OPEB) Plan Under the plan merger effective December 31, 2014, the Corporation provides post-employment benefits consisting of retiree health and life insurance to three distinct groups of employees/retirees: the CW Grandfathered plan, and plans assumed in the acquisitions of EMD and Williams Controls. In 2002, the Corporation restructured the postemployment medical benefits for then-active CW employees, effectively freezing the plan. The plan continues to be maintained for certain retired CW employees. The Corporation also provides retiree health and life insurance benefits for substantially all of the Curtiss-Wright EMD employees. The plan provides basic health and welfare coverage for pre-65 participants based on years of service and are subject to certain caps. Effective January 1, 2011, the Corporation modified the benefit design for post-65 retirees by introducing Retiree Reimbursement Accounts (RRA’s) to participants in lieu of the traditional benefit delivery. Participant accounts are funded a set amount annually that can be used to purchase supplemental coverage on the open market, effectively capping the benefit. The plan also provides retiree health and life insurance benefits for certain retirees of the Williams Controls salaried and union pension plans. Benefits are available to those employees who retired prior to December 31, 1993 in the salaried plan, and prior to October 1, 2003 in the union plan. Effective August 31, 2013, the Corporation modified the benefit design for post-65 retirees by introducing Retiree Reimbursement Accounts (RRA’s) to align with the EMD delivery model. The Corporation had an accrued postretirement benefit liability at December 31, 2016 and 2015 of $24.4 million and $22.0 million , respectively. Pursuant to the EMD purchase agreement, the Corporation has a discounted receivable from Washington Group International to reimburse the Corporation for a portion of these post-retirement benefit costs. At December 31, 2016 and 2015 , the discounted receivable included in other assets was $0.4 million and $1.0 million , respectively. The Corporation expects to contribute $1.8 million to the plan during 2017 . Foreign Plans The foreign plans consist of one defined benefit pension plan each in the United Kingdom, Canada, and Switzerland, two in Germany, and two in Mexico. As of December 31, 2016 and 2015 , the total projected benefit obligation related to all foreign plans is $91.0 million and $87.8 million , respectively. As of December 31, 2016 and 2015 , the Corporation had a net accrued pension liability of $3.3 million and $5.1 million , respectively. The Corporation's contributions to the foreign plans are expected to be $2.6 million in 2017 . Components of net periodic benefit expense The net pension and net postretirement benefit costs (income) consisted of the following: Pension Benefits Postretirement Benefits (In thousands) 2016 2015 2014 2016 2015 2014 Service cost $ 25,100 $ 26,873 $ 25,262 $ 338 $ 286 $ 246 Interest cost 30,495 30,050 30,403 996 842 877 Expected return on plan assets (54,101 ) (54,629 ) (41,746 ) — — — Amortization of prior service cost (46 ) 618 662 (657 ) (657 ) (657 ) Recognized net actuarial loss/(gain) 12,029 16,890 6,827 (296 ) (551 ) (811 ) Cost of settlements/curtailments — 7,461 377 — — — Net periodic benefit cost (income) $ 13,477 $ 27,263 $ 21,785 $ 381 $ (80 ) $ (345 ) The cost of settlements/curtailments indicated above represents events that are accounted for under guidance on employers’ accounting for settlements and curtailments of defined benefit pension plans. In 2015, the settlement charge is primarily a result of the retirement of the Corporation’s former Chairman and his election to receive the nonqualified portion of his pension benefit as a single lump sum payout. In 2014, the charge was due to a settlement in the CWAT plan in Switzerland. The following table outlines the Corporation's consolidated disclosure of the pension benefits and postretirement benefits information described previously. The Corporation had no foreign postretirement plans. All plans were valued using a December 31, 2016 measurement date. Pension Benefits Postretirement Benefits (In thousands) 2016 2015 2016 2015 Change in benefit obligation: Beginning of year $ 774,710 $ 797,360 $ 21,980 $ 23,250 Service cost 25,100 26,873 338 286 Interest cost 30,495 30,050 996 842 Plan participants’ contributions 1,897 1,825 266 345 Amendments — (2,951 ) — — Actuarial loss (gain) 19,640 (10,803 ) 3,372 (1,133 ) Benefits paid (41,115 ) (60,662 ) (2,516 ) (1,610 ) Actual expenses (1,206 ) (1,787 ) — — Currency translation adjustments (10,916 ) (5,195 ) — — End of year $ 798,605 $ 774,710 $ 24,436 $ 21,980 Change in plan assets: Beginning of year $ 692,074 $ 595,829 $ — $ — Actual return on plan assets 65,872 (4,092 ) — — Employer contribution 8,210 165,575 2,250 1,265 Plan participants’ contributions 1,897 1,825 266 345 Benefits paid (41,115 ) (60,662 ) (2,516 ) (1,610 ) Actual Expenses (1,206 ) (1,787 ) — — Currency translation adjustments (11,124 ) (4,614 ) — — End of year $ 714,608 $ 692,074 $ — $ — Funded status $ (83,997 ) $ (82,636 ) $ (24,436 ) $ (21,980 ) Pension Benefits Postretirement Benefits (In thousands) 2016 2015 2016 2015 Amounts recognized on the balance sheet Noncurrent assets $ 4,049 $ 3,667 $ — $ — Current liabilities (3,498 ) (2,998 ) (1,833 ) (1,562 ) Noncurrent liabilities (84,548 ) (83,305 ) (22,603 ) (20,418 ) Total $ (83,997 ) $ (82,636 ) $ (24,436 ) $ (21,980 ) Amounts recognized in accumulated other comprehensive income (AOCI) Net actuarial loss (gain) $ 198,630 $ 203,729 $ (5,178 ) $ (8,846 ) Prior service cost (1,580 ) (1,635 ) (3,373 ) (4,030 ) Total $ 197,050 $ 202,094 $ (8,551 ) $ (12,876 ) Amounts in AOCI expected to be recognized in net periodic cost in the coming year: Loss (gain) recognition $ 11,793 $ 12,373 $ (203 ) $ (571 ) Prior service cost recognition $ (105 ) $ (50 ) $ (657 ) $ (657 ) Accumulated benefit obligation $ 767,461 $ 736,688 N/A N/A Information for pension plans with an accumulated benefit obligation in excess of plan assets: Projected benefit obligation $ 733,426 $ 721,626 N/A N/A Accumulated benefit obligation 702,282 683,605 N/A N/A Fair value of plan assets 645,380 635,323 N/A N/A Plan Assumptions Pension Benefits Postretirement Benefits 2016 2015 2016 2015 Weighted-average assumptions in determination of benefit obligation: Discount rate 3.88 % 4.11 % 4.00 % 4.25 % Rate of compensation increase 3.35 % 3.36 % N/A N/A Health care cost trends: Rate assumed for subsequent year N/A N/A 8.25 % 5.70 % Ultimate rate reached in 2026 N/A N/A 4.50 % 5.40 % Weighted-average assumptions in determination of net periodic benefit cost: Discount rate 4.12 % 3.88 % 4.25 % 3.75 % Expected return on plan assets 7.81 % 7.93 % N/A N/A Rate of compensation increase 3.35 % 3.37 % N/A N/A Health care cost trends: Rate assumed for subsequent year N/A N/A 8.75 % 5.50 % Ultimate rate reached in 2026 N/A N/A 4.50 % 4.59 % Effective December 31, 2016, the Corporation has adopted the spot rate, or full yield curve, approach for developing discount rates. The discount rate for each plan's past service liabilities and service cost is determined by discounting the plan’s expected future benefit payments using a yield curve developed from high quality bonds that are rated Aa or better by Moody’s as of the measurement date. The yield curve calculation matches the notional cash inflows of the hypothetical bond portfolio with the expected benefit payments to arrive at one effective rate for these components. Interest cost is determined by applying the spot rate from the full yield curve to each anticipated benefit payment, based on the anticipated optional form elections. The overall expected return on assets assumption is based on a combination of historical performance of the pension fund and expectations of future performance. Expected future performance is determined by weighting the expected returns for each asset class by the plan’s asset allocation. The expected returns are based on long-term capital market assumptions utilizing a ten-year time horizon through consultation with investment advisors. While consideration is given to recent performance and historical returns, the assumption represents a long-term prospective return. The effect on the Other Post-Employment Benefits plan of a 1% change in the health care cost trend is as follows: (In thousands) 1% Increase 1% Decrease Total service and interest cost components $ 30 $ (24 ) Postretirement benefit obligation $ 444 $ (371 ) Pension Plan Assets The overall objective for plan assets is to earn a rate of return over time to meet anticipated benefit payments in accordance with plan provisions. The long-term investment objective of the domestic retirement plans is to achieve a total rate of return, net of fees, which exceeds the actuarial overall expected return on asset assumptions used for funding purposes and which provides an appropriate premium over inflation. The intermediate-term objective of the domestic retirement plans, defined as three to five years, is to outperform each of the capital markets in which assets are invested, net of fees. During periods of extreme market volatility, preservation of capital takes a higher precedence than outperforming the capital markets. The Finance Committee of the Corporation’s Board of Directors is responsible for formulating investment policies, developing investment manager guidelines and objectives, and approving and managing qualified advisors and investment managers. The guidelines established define permitted investments within each asset class and apply certain restrictions such as limits on concentrated holdings, and prohibits selling securities short, buying on margin, and the purchase of any securities issued by the Corporation. The Corporation maintains the funds of the CW Pension Plan under a trust that is diversified across investment classes and among investment managers to achieve an optimal balance between risk and return. As a part of its diversification strategy, the Corporation has established target allocations for each of the following assets classes: domestic equity securities, international equity securities, and debt securities. Below are the Corporation’s actual and established target allocations for the CW Pension Plan, representing 88% of consolidated assets: As of December 31, Target Expected 2016 2015 Exposure Range Asset class Domestic equities 54% 51% 50% 40%-60% International equities 13% 14% 15% 10%-20% Total equity 67% 65% 65% 55%-75% Fixed income 33% 35% 35% 25%-45% As of December 31, 2016 and 2015 , cash funds in the CW Pension Plan represented approximately 3% of portfolio assets. Foreign plan assets represent 12% of consolidated plan assets, with the majority of the assets supporting the U.K. plans. Generally, the foreign plans follow a similar asset allocation strategy and are more heavily weighted in fixed income resulting in a weighted expected return on assets assumption of 3.70% for all foreign plans. The Corporation may from time to time require the reallocation of assets in order to bring the retirement plans into conformity with these ranges. The Corporation may also authorize alterations or deviations from these ranges where appropriate for achieving the objectives of the retirement plans. Fair Value Measurements The following table presents consolidated plan assets as of December 31, 2016 using the fair value hierarchy, as described in Note 9 to the Consolidated Financial Statements. Asset Category Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Cash and cash equivalents $ 26,251 $ 253 $ 25,998 $ — Equity securities- Mutual funds (1) 435,931 395,549 40,382 — Bond funds (2) 219,417 162,470 56,947 — Insurance Contracts (3) 9,720 — — 9,720 Other (4) 755 — — 755 December 31, 2015 $ 692,074 $ 558,272 $ 123,327 $ 10,475 Cash and cash equivalents $ 23,979 $ 4,893 $ 19,086 $ — Equity securities- Mutual funds (1) 459,002 418,390 40,612 — Bond funds (2) 219,249 155,120 64,129 — Insurance Contracts (3) 10,760 — — 10,760 Other (4) 1,618 — — 1,618 December 31, 2016 $ 714,608 $ 578,403 $ 123,827 $ 12,378 (1) This category consists of domestic and international equity securities. It is comprised of U.S. securities benchmarked against the S&P 500 index and Russell 2000 index, international mutual funds benchmarked against the MSCI EAFE index, global equity index mutual funds associated with our U.K. based pension plans and balanced funds associated with the U.K. and Canadian based pension plans. (2) This category consists of domestic and international bonds. The domestic fixed income securities are benchmarked against the Barclays Capital Aggregate Bond index, actively-managed bond mutual funds comprised of domestic investment grade debt, fixed income derivatives, and below investment-grade issues, U.S. mortgage backed securities, asset backed securities, municipal bonds, and convertible debt. International bonds consist of bond mutual funds for institutional investors associated with the CW Pension Plan, Switzerland, and U.K. based pension plans. (3) This category consists of a guaranteed investment contract (GIC) in Switzerland. Amounts contributed to the plan are guaranteed by a foundation for occupational benefits that in turn entered into a group insurance contract and the foundation pays a guaranteed rate of interest that is reset annually. (4) This category consists primarily of real estate investment trusts in Switzerland. Valuation Equity securities and exchange-traded equity and bond mutual funds are valued using a market approach based on the quoted market prices of identical instruments. Pooled institutional funds are valued at their net asset values and are calculated by the sponsor of the fund. Fixed income securities are primarily valued using a market approach utilizing various underlying pricing sources and methodologies. Real estate investment trusts are priced at net asset value based on valuations of the underlying real estate holdings using inputs such as discounted cash flows, independent appraisals, and market-based comparable data. Cash balances in the United States are held in a pooled fund and classified as a Level 2 asset. Non-U.S. cash is valued using a market approach based on quoted market prices of identical instruments. The following table presents a reconciliation of Level 3 assets held during the year ended December 31, 2016 and 2015 : (In thousands) Insurance Contracts Other Total December 31, 2014 $ 8,169 $ 771 $ 8,940 Actual return on plan assets: Relating to assets still held at the reporting date 127 37 164 Relating to assets sold during the period — 2 2 Purchases, sales, and settlements 1,554 (49 ) 1,505 Foreign currency translation adjustment (130 ) (6 ) (136 ) December 31, 2015 $ 9,720 $ 755 $ 10,475 Actual return on plan assets: Relating to assets still held at the reporting date 148 35 183 Purchases, sales, and settlements 1,095 871 1,966 Foreign currency translation adjustment (203 ) (43 ) (246 ) December 31, 2016 $ 10,760 $ 1,618 $ 12,378 Benefit Payments The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid from the plans: (In thousands) Pension Plans Postretirement Plans Total 2017 $ 49,513 $ 1,833 $ 51,346 2018 50,665 1,762 52,427 2019 54,154 1,733 55,887 2020 53,516 1,720 55,236 2021 52,950 1,711 54,661 2022 — 2026 273,753 8,211 281,964 Defined Contribution Retirement Plans The Corporation offers all of its domestic employees the opportunity to participate in a defined contribution plan. Costs incurred by the Corporation in the administration and record keeping of the defined contribution plan are paid for by the Corporation and are not considered material. Effective January 1, 2014, all non-union employees who were not currently receiving final or career average pay benefits became eligible to receive employer contributions in the Corporation's sponsored 401(k) plan. 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 year ended December 31, 2016 , the expense relating to the plan was $11.3 million , consisting of $4.8 million in matching contributions to the plan in 2016 , and $6.5 million in non-elective contributions paid in January 2017 . Cumulative contributions of approximately $64.0 million are expected to be made from 2017 through 2021 . In addition, the Corporation had foreign pension costs under various defined contribution plans of $ 4.2 million , $4.8 million , and $5.7 million in 2016 , 2015 , and 2014 , respectively.

LEASES

LEASES	12 Months Ended
	Dec. 31, 2016
Leases [Abstract]
LEASES	. LEASES The Corporation conducts a portion of its operations from leased facilities, which include manufacturing and service facilities, administrative offices, and warehouses. In addition, the Corporation leases vehicles, machinery, and office equipment under operating leases. The leases expire at various dates and may include renewals and escalations. Rental expenses for all operating leases amounted to $35.3 million , $37.0 million , and $38.0 million in 2016 , 2015 , and 2014 , respectively. At December 31, 2016 , the approximate future minimum rental commitments under operating leases that have initial or remaining non-cancelable lease terms in excess of one year are as follows: (In thousands) Rental Commitments 2017 $ 27,585 2018 23,587 2019 19,578 2020 16,202 2021 13,094 Thereafter 69,400 Total $ 169,446

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
SEGMENT INFORMATION	. SEGMENT INFORMATION The Corporation’s segments are composed of similar product groupings that serve the same or similar end markets. Based on this approach, the Corporation has three reportable segments: Commercial/Industrial, Defense, and Power, as described below in further detail. The Commercial/Industrial reportable segment is comprised of businesses that provide a diversified offering of highly engineered products and services supporting critical applications primarily across the commercial aerospace and general industrial markets. The products offered include electronic throttle control devices and transmission shifters, electro-mechanical actuation control components, valves, and surface technology services such as shot peening, laser peening, coatings, and advanced testing. The Defense reportable segment is comprised of businesses that primarily provide products to the defense markets and to a lesser extent the commercial aerospace market. The products offered include commercial off-the-shelf (COTS) embedded computing board level modules, integrated subsystems, turret aiming and stabilization products, weapons handling systems, avionics and electronics, flight test equipment, and aircraft data management solutions. The Power segment is comprised of businesses that primarily provide products to the power generation markets and to a lesser extent the naval defense market. The products offered include main coolant pumps, power-dense compact motors, generators, secondary propulsion systems, pumps, pump seals, control rod drive mechanisms, fastening systems, specialized containment doors, airlock hatches, spent fuel management products, and fluid sealing products. The Corporation’ s measure of segment profit or loss is operating income. Interest expense and income taxes are not reported on an operating segment basis as they are not considered in the segments’ performance evaluation by the Corporation’s chief operating decision-maker, its Chief Executive Officer. Net sales and operating income by reportable segment are as follows: December 31, (In thousands) 2016 2015 2014 Net sales Commercial/Industrial $ 1,120,326 $ 1,189,120 $ 1,232,696 Defense 469,796 479,528 492,094 Power 524,967 545,013 527,034 Less: Intersegment Revenues (6,158 ) (7,978 ) (8,698 ) Total Consolidated $ 2,108,931 $ 2,205,683 $ 2,243,126 (In thousands) 2016 2015 2014 Operating income (expense) Commercial/Industrial $ 156,550 $ 171,525 $ 178,684 Defense 98,291 98,895 82,552 Power 76,472 74,987 51,449 Corporate and Eliminations (1) (23,215 ) (34,790 ) (30,312 ) Total Consolidated $ 308,098 $ 310,617 $ 282,373 Depreciation and amortization expense Commercial/Industrial $ 53,970 $ 55,799 $ 58,276 Defense 14,488 15,965 19,530 Power 23,032 23,419 23,060 Corporate 4,518 4,292 4,059 Total Consolidated $ 96,008 $ 99,475 $ 104,925 Segment assets Commercial/Industrial $ 1,391,040 $ 1,480,052 $ 1,543,795 Defense 751,859 800,613 845,193 Power 516,321 629,612 579,736 Corporate 378,561 79,334 266,377 Assets held for sale — — 147,347 Total Consolidated $ 3,037,781 $ 2,989,611 $ 3,382,448 Capital expenditures Commercial/Industrial $ 30,145 $ 21,990 $ 37,329 Defense 5,870 3,834 5,175 Power 6,653 6,163 16,057 Corporate 4,108 3,525 8,554 Total Consolidated (2) $ 46,776 $ 35,512 $ 67,115 (1) Corporate and Eliminations includes pension expense, environmental remediation and administrative expenses, legal, foreign currency transactional gains and losses, and other expenses. (2) Total capital expenditures included $0.2 million and $4.9 million of expenditures related to discontinued operations for the years ended 2015 and 2014 , respectively. Reconciliations December 31, (In thousands) 2016 2015 2014 Earnings before taxes: Total segment operating income $ 331,313 $ 345,407 $ 312,685 Corporate and administrative (23,215 ) (34,790 ) (30,312 ) Interest expense 41,248 36,038 35,794 Other income, net 1,111 615 365 Total consolidated earnings before tax $ 267,961 $ 275,194 $ 246,944 December 31, (In thousands) 2016 2015 2014 Assets: Total assets for reportable segments $ 2,659,220 $ 2,910,277 $ 2,968,724 Assets held for sale — — 147,347 Non-segment cash 357,021 42,164 247,249 Other assets 21,540 37,170 19,128 Total consolidated assets $ 3,037,781 $ 2,989,611 $ 3,382,448 Geographic Information December 31, (In thousands) 2016 2015 2014 Revenues United States of America $ 1,472,241 $ 1,502,363 $ 1,521,034 United Kingdom 114,752 135,673 145,092 Other foreign countries 521,938 567,647 577,000 Consolidated total $ 2,108,931 $ 2,205,683 $ 2,243,126 December 31, (In thousands) 2016 2015 2014 Long-Lived Assets United States of America $ 272,826 $ 293,612 $ 323,937 United Kingdom 39,014 36,061 45,625 Other foreign countries 77,063 83,971 89,357 Consolidated total $ 388,903 $ 413,644 $ 458,919 Net sales by product line December 31, (In thousands) 2016 2015 2014 Net sales Flow Control $ 883,735 $ 949,657 $ 959,907 Motion Control 940,162 947,758 953,667 Surface Technologies 285,034 308,268 329,552 Consolidated total $ 2,108,931 $ 2,205,683 $ 2,243,126 The Flow Control products include valves, pumps, motors, generators, and instrumentation that manage the flow of liquids and gases, generate power and monitor or provide critical functions. Motion Control's products include turret aiming and stabilization products, embedded computing board level modules, electronic throttle control devices, transmission shifters, and electro-mechanical actuation control components. Surface Technologies include shot peening, laser peening, and coatings services that enhance the durability, extend the life, and prevent premature fatigue and failure on customer-supplied metal components.

CONTINGENCIES AND COMMITMENTS

CONTINGENCIES AND COMMITMENTS	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES AND COMMITMENTS	. CONTINGENCIES AND COMMITMENTS Legal Proceedings The Corporation has been named in a number of lawsuits that allege injury from exposure to asbestos. To date, the Corporation has not been found liable for or paid any material sum of money in settlement in any case. The Corporation believes its minimal use of asbestos in its past operations 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. The Corporation is party to a number of legal actions and claims, none of which individually or in the aggregate, in the opinion of management, are expected to have a material effect on the Corporation’s results of operations or financial position. Letters of Credit and Other 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 December 31, 2016 and 2015 , there were $47.2 million and $37.3 million of stand-by letters of credit outstanding, respectively, and $12.8 million and $14.7 million of bank guarantees outstanding, respectively. The Corporation, through its Electro-Mechanical Division (EMD) business unit, has three Pennsylvania Department of Environmental Protection (PADEP) radioactive materials licenses that are utilized in the continued operation of the EMD business. In connection with these licenses, the Corporation has known conditional asset retirement obligations related to asset decommissioning activities to be performed in the future, when the Corporation terminates these licenses. For two of the three licenses, the Corporation has recorded an asset retirement obligation of approximately $7.1 million . For its third license, the Corporation has not recorded an asset retirement obligation as it is not reasonably estimable due to insufficient information about the timing and method of settlement of the obligation. Accordingly, this obligation has not been recorded in the Consolidated Financial Statements. A liability for this obligation will be recorded in the period when sufficient information regarding timing and method of settlement becomes available to make a reasonable estimate of the liability’s fair value. The Corporation is required to provide the Nuclear Regulatory Commission financial assurance demonstrating its ability to cover the cost of decommissioning its Cheswick, Pennsylvania facility upon closure, though the Corporation does not intend to close this facility. The Corporation has provided this financial assurance in the form of a $56.0 million surety bond. AP1000 Program Within the Corporation’s Power segment, our Electro-Mechanical Division is the 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 provisions for failure to meet contractual delivery dates if the Corporation caused the delay and the delay was not excusable. The Corporation would be liable for liquidated damages if the Corporation was deemed responsible for not meeting the delivery dates. On October 10, 2013, the Corporation received a letter from Westinghouse stating entitlements to the maximum amount of liquidated damages allowable under the AP1000 China contract from Westinghouse of approximately $25 million . As of December 31, 2016 , the Corporation has not met certain contractual delivery dates under its AP1000 domestic and China contracts; however, there are significant counterclaims and uncertainties as to which parties are responsible for the delays. Given the uncertainties surrounding the parties responsible for the delays, no accrual has been made for this matter. As of December 31, 2016 , the range of possible loss for liquidated damages is $0 to $55.5 million .

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS	12 Months Ended
	Dec. 31, 2016
Comprehensive Income [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS	. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The total cumulative balance of each component of accumulated other comprehensive income (loss), net of tax, is as follows: (In thousands) Foreign currency translation adjustments, net Total pension and postretirement adjustments, net Accumulated other comprehensive income (loss) December 31, 2014 $ (20,283 ) $ (108,128 ) $ (128,411 ) Other comprehensive loss before reclassifications (1) (87,527 ) (24,823 ) (112,350 ) Amounts reclassified from accumulated other comprehensive income (1) — 14,833 14,833 Net current period other comprehensive loss (87,527 ) (9,990 ) (97,517 ) December 31, 2015 $ (107,810 ) $ (118,118 ) $ (225,928 ) Other comprehensive loss before reclassifications (1) (64,840 ) (7,892 ) (72,732 ) Amounts reclassified from accumulated other comprehensive income (1) — 6,904 6,904 Net current period other comprehensive loss (64,840 ) (988 ) (65,828 ) December 31, 2016 $ (172,650 ) $ (119,106 ) $ (291,756 ) (1) All amounts are after tax. Details of amounts reclassified from accumulated other comprehensive income (loss) are below: Amount reclassified from Accumulated other comprehensive income (loss) Affected line item in the statement where net earnings is presented (In thousands) 2016 2015 Defined benefit pension and postretirement plans Amortization of prior service costs 703 39 (1) Amortization of net actuarial losses (11,733 ) (16,339 ) (1) Settlements — (7,461 ) (1) (11,030 ) (23,761 ) Total before tax 4,126 8,928 Income tax effect Total reclassifications $ (6,904 ) $ (14,833 ) Net of tax (1) These items are included in the computation of net periodic pension cost. See Note 15 , Pension and Other Postretirement Benefit Plans.

QUARTERLY RESULTS OF OPERATIONS

QUARTERLY RESULTS OF OPERATIONS	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
QUARTERLY RESULTS OF OPERATIONS	. QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) The following tables set forth selected unaudited quarterly Consolidated Statements of Earnings information for the fiscal years ended December 31, 2016 and 2015 . (In thousands, except per share data) First Second Third Fourth 2016 Net sales $ 503,507 $ 532,766 $ 507,092 $ 565,566 Gross profit 171,903 185,379 184,476 208,725 Earnings from continuing operations 32,819 39,963 45,932 70,668 Loss from discontinued operations — — — (2,053 ) Net earnings 32,819 39,963 45,932 68,615 Basic earnings per share Earnings from continuing operations $ 0.74 $ 0.90 $ 1.04 $ 1.60 Loss from discontinued operations $ — $ — $ — $ (0.05 ) Total $ 0.74 $ 0.90 $ 1.04 $ 1.55 Diluted earnings per share Earnings from continuing operations $ 0.73 $ 0.88 $ 1.02 $ 1.58 Loss from discontinued operations $ — $ — $ — $ (0.05 ) Total $ 0.73 $ 0.88 $ 1.02 $ 1.53 2015 Net sales $ 546,199 $ 545,194 $ 525,535 $ 588,755 Gross profit 191,096 182,351 185,494 224,314 Earnings from continuing operations 43,223 40,121 38,142 70,762 Loss from discontinued operations (27,232 ) (14,384 ) (4,258 ) (913 ) Net earnings 15,991 25,737 33,884 69,849 Basic earnings per share Earnings from continuing operations $ 0.91 $ 0.85 $ 0.82 $ 1.56 Loss from discontinued operations (0.57 ) (0.31 ) (0.09 ) (0.02 ) Total $ 0.34 $ 0.54 $ 0.73 $ 1.54 Diluted earnings per share Earnings from continuing operations $ 0.89 $ 0.83 $ 0.80 $ 1.53 Loss from discontinued operations (0.56 ) (0.30 ) (0.09 ) (0.02 ) Total $ 0.33 $ 0.53 $ 0.71 $ 1.51 Note: Certain amounts may not add due to rounding.

SUBSEQUENT EVENTS SUBSEQUENT EV

SUBSEQUENT EVENTS SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	. SUBSEQUENT EVENTS On January 4, 2017, the Corporation completed the acquisition of Teletronics Technology Corporation (TTC) for $233 million in cash. TTC is a leading designer and manufacturer of high-technology data acquisition and comprehensive flight test instrumentation systems for critical aerospace and defense applications. For the year ended December 31, 2015, TTC generated sales of $58 million. The acquired business will operate within the Defense segment.

SCHEDULE II VALUATION AND QUALI

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Dec. 31, 2016
Valuation and Qualifying Accounts [Abstract]
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	CURTISS-WRIGHT CORPORATION and SUBSIDIARIES SCHEDULE II – VALUATION and QUALIFYING ACCOUNTS for the years ended December 31, 2016 , 2015 , and 2014 (In thousands) Additions Description Balance at Beginning of Period Charged to Costs and Expenses Charged to Other Accounts Deductions Balance at End of Period Deducted from assets to which they apply: December 31, 2016 Tax valuation allowance 17,895 1,951 (181 ) (1) 1,889 17,776 Total $ 17,895 $ 1,951 $ (181 ) $ 1,889 $ 17,776 December 31, 2015 Tax valuation allowance 23,478 2,605 (299 ) (1) 7,889 (2) 17,895 Total $ 23,478 $ 2,605 $ (299 ) $ 7,889 $ 17,895 December 31, 2014 Tax valuation allowance 6,321 18,535 (263 ) (1) 1,115 23,478 Total $ 6,321 $ 18,535 $ (263 ) $ 1,115 $ 23,478 (1) Primarily foreign currency translation adjustments. (2) Capital loss on sale of upstream oil and gas business.

SUMMARY OF SIGNIFICANT ACCOUN31

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
ConsolidationPolicy	Principles of Consolidation The consolidated financial statements include the accounts of the Corporation and its majority-owned subsidiaries. All intercompany transactions and accounts have been eliminated.
UseOfEstimates	Use of Estimates The financial statements of the Corporation have been prepared in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP), which requires management to make estimates and judgments that affect the reported amount of assets, liabilities, revenue, and expenses and disclosure of contingent assets and liabilities in the accompanying financial statements. The most significant of these estimates includes the estimate of costs to complete long-term contracts 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 and legal reserves. Actual results may differ from these estimates.
RevenueRecognitionPolicyTextBlock	Revenue Recognition The realization of revenue refers to the timing of its recognition in the accounts of the Corporation and is generally considered realized or realizable and earned when the earnings process is substantially complete and all of the following criteria are met: 1) persuasive evidence of an arrangement exists; 2) delivery has occurred or services have been rendered; 3) the Corporation’s price to its customer is fixed or determinable; and 4) collectability is reasonably assured. We determine the appropriate method by which we recognize revenue by analyzing the terms and conditions of each contract or arrangement entered into with our customers. Revenue is recognized on product sales as production units are shipped and title and risk of loss have transferred. Revenue is recognized on service type contracts as services are rendered. The significant estimates we make in recognizing revenue are primarily for long-term contracts generally accounted for using the cost-to-cost method of percentage of completion accounting that are associated with the design, development and manufacture of highly engineered industrial products used in commercial and defense applications. Under the cost-to-cost percentage-of-completion method of accounting, profits are recorded pro rata, based upon current estimates of direct and indirect costs to complete such contracts. 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. The effect of the changes on future periods of contract performance is recognized as if the revised estimate had been the original estimate. A significant change in an estimate on one or more contracts could have a material effect on the Corporation’s consolidated financial position, results of operations, or cash flows. In 2015, the Corporation recorded additional costs of $11.5 million related to its long-term contract with Westinghouse to deliver reactor coolant pumps (RCPs) for the AP1000 nuclear power plants in China. The increase in costs is due to a change in estimate related to production modifications that are the result of engineering and endurance testing. There were no other individual significant changes in estimated contract costs at completion during 2016 , 2015 , or 2014 . Losses on contracts are provided for in the period in which the losses become determinable and the excess of billings over cost and estimated earnings on long-term contracts is included in deferred revenue. From time to time, we may enter into multiple-element arrangements in which a customer may purchase a combination of goods, services, or rights to intellectual property. We follow the multiple element accounting guidance within ASC 605-25 for such arrangements which require: (1) determining the separate units of accounting; (2) determining whether the separate units of accounting have stand-alone value; and (3) measuring and allocating the arrangement consideration. We allocate the arrangement consideration in accordance with the selling price hierarchy which requires: (1) the use of vendor-specific objective evidence (VSOE), if available (2) if VSOE is not available, the use of third-party evidence (TPE), and if TPE is not available (3) our best-estimate of selling price (BESP). Approximately 1% of the Company's 2015 net sales were the result of the sale of certain intellectual property licensing rights within a multiple-element arrangement with China for AP1000 reactor coolant pumps (China Direct order). The Company had no further performance obligations with regards to the sale of these perpetual rights. The remainder of the contract, related to the production of sixteen RCPs, is being recognized using percentage-of-completion accounting through 2021.
CashAndCashEquivalentsPolicyTextBlock	Cash and Cash Equivalents Cash equivalents consist of money market funds and commercial paper that are readily convertible into cash, all with original maturity dates of three months or less.
InventoryPolicyTextBlock	Inventory Inventories are stated at lower of cost or market. Production costs are comprised of direct material and labor and applicable manufacturing overhead.
GovernmentContractorsContractsInProgressPolicyPolicyTextBlock	Progress Payments Certain long-term contracts provide for interim billings as costs are incurred on the respective contracts. Pursuant to contract provisions, agencies of the U.S. Government and other customers are granted title or a secured interest for materials and work-in-process included in inventory to the extent progress payments are received. Accordingly, these receipts have been reported as a reduction of unbilled receivables and inventories, as presented in Notes 4 and 5 to the Consolidated Financial Statements.
PropertyPlantAndEquipmentPolicyTextBlock	Property, Plant, and Equipment Property, plant, and equipment are carried at cost less accumulated depreciation. Major renewals and betterments are capitalized, while maintenance and repairs that do not improve or extend the life of the asset are expensed in the period they are incurred. Depreciation is computed using the straight-line method based over the estimated useful lives of the respective assets. Average useful lives for property, plant, and equipment are as follows: Buildings and improvements 5 to 40 years Machinery, equipment, and other 3 to 15 years
GoodwillAndIntangibleAssetsIntangibleAssetsPolicy	Intangible Assets Intangible assets are generally the result of acquisitions and consist primarily of purchased technology, customer related intangibles, trademarks, and technology licenses. Intangible assets are amortized on a straight-line basis over their estimated useful lives, which range from 1 to 20 years. See Note 8 to the Consolidated Financial Statements for further information on other intangible assets.
ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock	Impairment of Long-Lived Assets The Corporation reviews the recoverability of all long-lived assets, including the related useful lives, whenever events or changes in circumstances indicate that the carrying amount of a long-lived asset might not be recoverable. If required, the Corporation compares the estimated fair value determined by either the undiscounted future net cash flows or appraised value to the related asset’s carrying value to determine whether there has been an impairment. If an asset is considered impaired, the asset is written down to fair value in the period in which the impairment becomes known. The Corporation recognized no significant impairment charges on assets held in use during the years ended December 31, 2016 , 2015 , and 2014 . For impairment charges on assets held for sale, see Note 2 to the Consolidated Financial Statements.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill Goodwill results from business acquisitions. The Corporation accounts for business acquisitions by allocating the purchase price to the tangible and intangible assets acquired and liabilities assumed. Assets acquired and liabilities assumed are recorded at their fair values, and the excess of the purchase price over the amounts allocated is recorded as goodwill. The recoverability of goodwill is subject to an annual impairment test or whenever an event occurs or circumstances change that would more likely than not result in an impairment. The impairment test is based on the estimated fair value of the underlying businesses. The Corporation’s goodwill impairment test is performed annually in the fourth quarter of each year. See Note 7 to the Consolidated Financial Statements for further information on goodwill.
FairValueOfFinancialInstrumentsPolicy	Fair Value of Financial Instruments Accounting guidance requires certain disclosures regarding the fair value of financial instruments. Due to the short maturities of cash and cash equivalents, accounts receivable, accounts payable, and accrued expenses, the net book value of these financial instruments is deemed to approximate fair value. See Notes 9 and 12 to the Consolidated Financial Statements for further information on the Corporation's financial instruments.
ResearchAndDevelopmentExpensePolicy	Research and Development The Corporation funds research and development programs for commercial products and independent research and development and bid and proposal work related to government contracts. Development costs include engineering and field support for new customer requirements. Corporation-sponsored research and development costs are expensed as incurred. Research and development costs associated with customer-sponsored programs are capitalized to inventory and are recorded in cost of sales when products are delivered or services performed. Funds received under shared development contracts are a reduction of the total development expenditures under the shared contract and are shown net as research and development costs.
ShareBasedCompensationOptionAndIncentivePlansPolicy	Accounting for Share-Based Payments The Corporation follows the fair value based method of accounting for share-based employee compensation, which requires the Corporation to expense all share-based employee compensation. Share-based employee compensation is a non-cash expense since the Corporation settles these obligations by issuing the shares of Curtiss-Wright Corporation instead of settling such obligations with cash payments. Compensation expense for non-qualified share options, performance shares, and time-based restricted stock is recognized over the requisite service period for the entire award based on the grant date fair value.
IncomeTaxPolicyTextBlock	Income Taxes The Corporation accounts for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. The effect on deferred tax assets and liabilities of a change in tax laws is recognized in the results of operations in the period the new laws are enacted. A valuation allowance is recorded to reduce the carrying amounts of deferred tax assets unless it is more likely than not that such assets will be realized. The Corporation records amounts related to uncertain income tax positions by 1) prescribing a minimum recognition threshold a tax position is required to meet before being recognized in the financial statements and 2) the measurement of the income tax benefits recognized from such positions. The Corporation’s accounting policy is to classify uncertain income tax positions that are not expected to be resolved in one year as a non-current income tax liability and to classify interest and penalties as a component of Interest expense and General and administrative expenses, respectively. See Note 11 to the Consolidated Financial Statements for further information.
ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock	Foreign Currency For operations outside the United States of America that prepare financial statements in currencies other than the U.S. dollar, the Corporation translates assets and liabilities at period-end exchange rates and income statement amounts using weighted-average exchange rates for the period. The cumulative effect of translation adjustments is presented as a component of accumulated other comprehensive income (loss) within stockholders’ equity. This balance is affected by foreign currency exchange rate fluctuations and by the acquisition of foreign entities. Gains from foreign currency transactions are included in General and administrative expenses within the results of operations, which amounted to $8.9 million , $8.3 million , and $2.9 million for the years ended December 31, 2016 , 2015 , and 2014 , respectively.
DerivativesPolicyTextBlock	Derivatives Forward Foreign Exchange and Currency Option Contracts The Corporation uses financial instruments, such as forward exchange and currency option contracts, to hedge a portion of existing and anticipated foreign currency denominated transactions. The purpose of the Corporation’s foreign currency risk management program is to reduce volatility in earnings caused by exchange rate fluctuations. All of the derivative financial instruments are recorded at fair value based upon quoted market prices for comparable instruments, with the gain or loss on these transactions recorded into earnings in the period in which they occur. These losses are classified as General and administrative expenses in the Consolidated Statements of Earnings and amounted to $11.5 million , $11.0 million , and $6.9 million for the years ended December 31, 2016 , 2015 , and 2014 , respectively. The Corporation does not use derivative financial instruments for trading or speculative purposes. Interest Rate Risks and Related Strategies The Corporation’s primary interest rate exposure results from changes in U.S. dollar interest rates. The Corporation’s policy is to manage interest cost using a mix of fixed and variable rate debt. The Corporation periodically uses interest rate swaps to manage such exposures. Under these interest rate swaps, the Corporation exchanges, at specified intervals, the difference between fixed and floating interest amounts calculated by reference to an agreed-upon notional principal amount. For interest rate swaps designated as fair value hedges (i.e., hedges against the exposure to changes in the fair value of an asset or a liability or an identified portion thereof that is attributable to a particular risk), changes in the fair value of the interest rate swaps offset changes in the fair value of the fixed rate debt due to changes in market interest rates.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Standards Recent accounting pronouncements adopted Accounting pronouncement ASU 2015-17 - Balance Sheet Classification of Deferred Taxes was early adopted effective January 1, 2016 and accounting pronouncement ASU 2015-03 - Simplifying the Presentation of Debt Issuance Costs was adopted effective January 1, 2016. Both pronouncements were retrospectively adopted and, accordingly, certain amounts reported in the previous periods have been reclassified to conform to the current year presentation. A summary of the impact of the reclassifications as of December 31, 2015 is shown in the below table. Reclassifications December 31, 2015 as reported Deferred Taxes Debt Issuance Costs December 31, 2015 as reclassified Deferred tax assets. net $ 41,737 $ (41,737 ) $ — $ — Total current assets $ 1,316,620 $ (41,737 ) $ — $ 1,274,883 Other assets $ 15,745 $ 3,107 $ (1,137 ) $ 17,715 Total assets $ 3,029,378 $ (38,630 ) $ (1,137 ) $ 2,989,611 Other current liabilities $ 39,152 $ (1,962 ) $ — $ 37,190 Total current liabilities $ 525,187 $ (1,962 ) $ — $ 523,225 Long-term debt $ 953,083 $ — $ (1,137 ) $ 951,946 Deferred tax liabilities, net $ 91,115 $ (36,668 ) $ — $ 54,447 Total liabilities $ 1,773,955 $ (38,630 ) $ (1,137 ) $ 1,734,188 Total liabilities and stockholders' equity $ 3,029,378 $ (38,630 ) $ (1,137 ) $ 2,989,611 Standards Issued Not Yet Adopted Standard Description Effect on the financial statements ASU 2014-09 Revenue from Contracts with Customers In May 2014, the FASB issued a comprehensive new revenue recognition standard which will supersede previous existing revenue recognition guidance. The standard creates a five-step model for revenue recognition that requires companies to exercise judgment when considering contract terms and relevant facts and circumstances. The five-step model includes (1) identifying the contract, (2) identifying the separate performance obligations in the contract, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations and (5) recognizing revenue when each performance obligation has been satisfied. The standard also requires expanded disclosures surrounding revenue recognition. The standard is effective for fiscal periods beginning after December 15, 2017 and allows for either full retrospective or modified retrospective adoption. The Corporation is currently evaluating the impact of the adoption of this standard on its Consolidated Financial Statements, including the method of adoption as of January 1, 2018. Based on a preliminary review of our customer contracts, we do not believe that the standard will have a material impact on our Consolidated Financial Statements. Our assessment is still ongoing and not complete. While we anticipate some changes to revenue recognition, we do not currently believe that the standard will have a material impact on our Consolidated Financial Statements. The FASB, however, has issued, and may issue in the future, interpretive guidance which may cause our evaluation to change. Date of adoption: January 1, 2018 ASU 2016-02 Leases In February 2016, the FASB issued final guidance that will require lessees to put most leases on their balance sheets but recognize expenses on their income statements in a manner similar to today’s accounting. The guidance requires the use of a modified retrospective approach. The Corporation is currently evaluating the impact of the adoption of this standard on its Consolidated Financial Statements. Date of adoption: January 1, 2019 ASU 2016-09 Improvements to Employee Share-Based Payment Accounting In March 2016, the FASB issued ASU 2016-09, which simplifies several aspects of the accounting for employee share-based payment transactions for both public and nonpublic entities, including the accounting for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows. Upon adoption in 2017, the Corporation expects to record a tax benefit which is contingent on the number of stock options, restricted share units, and performance share units exercised or vested during the period as well as the price of the Corporation’s common stock. Date of adoption: January 1, 2017 ASU 2017-04 Simplifying the Test for Goodwill Impairment In January 2017, the FASB issued ASU 2017-04, which eliminates the requirement to calculate the implied fair value of goodwill to measure a goodwill impairment charge. Instead, entities will record an impairment charge based on the excess of a reporting unit’s carrying amount over its fair value. The standard is effective for fiscal periods beginning after December 15, 2019. Early adoption is permitted for interim and annual goodwill impairment testing dates after January 1, 2017. The Corporation plans to early adopt this standard effective January 1, 2017. The standard would only impact the Corporation in the event of a goodwill impairment. Accordingly, we do not expect the adoption to have an impact on our Consolidated Financial Statements. Date of adoption: January 1, 2017

DISCONTINUED OPERATIONS (Table)

DISCONTINUED OPERATIONS (Table)	12 Months Ended
	Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]
Summary of Aggregate Financial Results of Discontinued Operations	The aggregate financial results of all discontinued operations for the years ended December 31 were as follows: (In thousands) 2016 2015 2014 Net sales $ — $ 57,992 $ 363,869 Loss from discontinued operations before income taxes (1) — (40,984 ) (48,519 ) Income tax benefit / (expense) (2,053 ) (3) 7,926 14,268 Loss on sale of businesses (2) — (13,729 ) (22,360 ) Loss from discontinued operations $ (2,053 ) $ (46,787 ) $ (56,611 ) (1) Loss from discontinued operations before income taxes includes approximately $40.8 million and $41.4 million of held for sale impairment expense in the year ended December 31, 2015 and December 31, 2014 , respectively. (2) In the year ended December 31, 2015 , the Corporation recognized aggregate after tax losses of $13.7 million on the sale of the Aviation Ground, Downstream Oil & Gas, Engineered Packaging and two surface technology businesses. In 2014 , the Corporation recognized aggregate after tax losses of $22.4 million on the sale of the Benshaw, 3D, Upstream Oil & Gas and Vessels business.

ACQUISITIONS (Table)

ACQUISITIONS (Table)	12 Months Ended
	Dec. 31, 2016
Business Acquisition [Line Items]
ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock	(In thousands) 2016 2015 Accounts receivable $ — $ 996 Inventory — 152 Property, plant, and equipment — 1,463 Other current assets — 155 Intangible assets — 7,700 Current and non-current liabilities — (6 ) Due to seller — (1,470 ) Net tangible and intangible assets — 8,990 Purchase price — 13,228 Goodwill $ — $ 4,238

RECEIVABLES (Table)

RECEIVABLES (Table)	12 Months Ended
	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Schedule Of Accounts Notes Loans And Financing Receivable [Text Block]	(In thousands) 2016 2015 Billed receivables: Trade and other receivables $ 340,091 $ 435,172 Less: Allowance for doubtful accounts (4,832 ) (5,664 ) Net billed receivables 335,259 429,508 Unbilled receivables: Recoverable costs and estimated earnings not billed 149,847 153,045 Less: Progress payments applied (22,044 ) (16,264 ) Net unbilled receivables 127,803 136,781 Receivables, net $ 463,062 $ 566,289

INVENTORIES (Table)

INVENTORIES (Table)	12 Months Ended
	Dec. 31, 2016
Inventory, Net [Abstract]
Schedule Of Inventory [Text Block]	(In thousands) 2016 2015 Raw material $ 189,228 $ 196,684 Work-in-process 73,843 79,406 Finished goods 112,478 114,931 Inventoried costs related to U.S. Government and other long-term contracts 57,516 51,774 Gross inventories 433,065 442,795 Less: Inventory reserves (54,988 ) (48,904 ) Progress payments applied, principally related to long-term contracts (11,103 ) (14,300 ) Inventories, net $ 366,974 $ 379,591

PROPERTY, PLANT, AND EQUIPMENT

PROPERTY, PLANT, AND EQUIPMENT (Table)	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	(In thousands) 2016 2015 Land $ 19,511 $ 19,933 Buildings and improvements 215,221 218,016 Machinery, equipment, and other 752,356 739,965 Property, plant, and equipment, at cost 987,088 977,914 Less: Accumulated depreciation (598,185 ) (564,270 ) Property, plant, and equipment, net $ 388,903 $ 413,644

GOODWILL (Table)

GOODWILL (Table)	12 Months Ended
	Dec. 31, 2016
Goodwill [Abstract]
Schedule Of Goodwill [Text Block]	(In thousands) Commercial/Industrial Defense Power Assets Held for Sale Consolidated December 31, 2014 $ 454,092 $ 356,689 $ 187,725 $ 42,395 $ 1,040,901 Acquisitions 4,238 — — — 4,238 Divestitures — — — (41,264 ) (41,264 ) Goodwill adjustments 21 1,131 — (1,131 ) 21 Foreign currency translation adjustment (10,523 ) (20,217 ) (550 ) — (31,290 ) December 31, 2015 $ 447,828 $ 337,603 $ 187,175 $ — $ 972,606 Divestitures — (452 ) — — (452 ) Foreign currency translation adjustment (11,687 ) (9,496 ) 86 — (21,097 ) December 31, 2016 $ 436,141 $ 327,655 $ 187,261 $ — $ 951,057

OTHER INTANGIBLE ASSETS, NET (T

OTHER INTANGIBLE ASSETS, NET (Table)	12 Months Ended
	Dec. 31, 2016
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule of Finite-Lived Intangible Assets [Table Text Block]	2016 2015 (In thousands) Gross Accumulated Amortization Net Gross Accumulated Net Technology $ 166,859 $ (98,266 ) $ 68,593 $ 171,382 $ (91,430 ) $ 79,952 Customer related intangibles 349,742 (157,154 ) 192,588 357,538 (140,816 ) 216,722 Other intangible assets 36,709 (26,429 ) 10,280 37,200 (23,111 ) 14,089 Total $ 553,310 $ (281,849 ) $ 271,461 $ 566,120 $ (255,357 ) $ 310,763
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	(In thousands) 2017 $ 32,178 2018 31,100 2019 29,340 2020 27,470 2021 25,759

FAIR VALUE OF FINANCIAL INSTR39

FAIR VALUE OF FINANCIAL INSTRUMENTS (Table)	12 Months Ended
	Dec. 31, 2016
Fair Value Of Financial Instruments [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	December 31, (In thousands) 2016 2015 Assets Designated for hedge accounting Interest rate swaps $ — $ 3,083 Undesignated for hedge accounting Forward exchange contracts $ 142 $ 223 Total asset derivatives (1) $ 142 $ 3,306 Liabilities Undesignated for hedge accounting Forward exchange contracts $ 419 $ 673 Total liability derivatives (2) $ 419 $ 673
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]	Gain/(Loss) on Swap (In thousands) 2016 2015 2014 Other income, net Interest rate swaps $ — $ 8,204 $ 44,724 Hedged fixed rate debt $ — $ (8,204 ) $ (44,724 ) Total $ — $ — $ —
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]	(In thousands) 2016 2015 2014 Forward exchange contracts: General and administrative expenses $ 11,510 $ 11,042 $ 6,880

ACCRUED EXPENSES AND OTHER CU40

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Table)	12 Months Ended
	Dec. 31, 2016
Accrued Liabilities, Current [Abstract]
ScheduleOfAccruedLiabilitiesTableTextBlock	(In thousands) 2016 2015 Accrued compensation $ 85,970 $ 86,497 Accrued commissions 5,189 7,250 Accrued interest 9,817 9,900 Accrued insurance 7,521 5,261 Other 21,742 22,955 Total accrued expenses $ 130,239 $ 131,863
Schedule Of Other Liabilities [Table Text Block]	(In thousands) 2016 2015 Warranty reserves $ 11,768 $ 15,053 Additional amounts due to sellers on acquisitions 1,985 2,883 Reserves on loss contracts 1,662 2,711 Pension and other postretirement liabilities 5,331 4,560 Other 7,281 11,983 Total other current liabilities $ 28,027 $ 37,190

INCOME TAXES (Table)

INCOME TAXES (Table)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Schedule Of Income Before Income Tax, Domestic and Foreign [Table Text Block]	(In thousands) 2016 2015 2014 Domestic $ 154,571 $ 135,112 $ 120,563 Foreign 113,390 140,082 126,381 $ 267,961 $ 275,194 $ 246,944
Schedule Of Provision For Income Taxes [Table Text Block]	(In thousands) 2016 2015 2014 Current: Federal $ 45,523 $ (6,741 ) $ 70,609 State 8,002 6,175 9,065 Foreign 20,861 27,134 33,401 Total current 74,386 26,568 113,075 Deferred: Federal 4,267 49,060 (29,683 ) State 73 7,390 (1,247 ) Foreign (147 ) (72 ) (5,150 ) Total deferred 4,193 56,378 (36,080 ) Provision for income taxes $ 78,579 $ 82,946 $ 76,995
Schedule Of Effective Income Tax Rate Reconciliation [Table Text Block]	2016 2015 2014 U.S. federal statutory tax rate 35.0 % 35.0 % 35.0 % Add (deduct): State and local taxes, net of federal benefit 1.1 4.3 2.4 R&D tax credits (0.9 ) (1.3 ) (1.3 ) Foreign earnings (1) (5.8 ) (6.2 ) (4.4 ) All other, net (0.1 ) (1.7 ) (0.5 ) Effective tax rate 29.3 % 30.1 % 31.2 % (1) Foreign earnings primarily include the net impact of differences between local statutory rates and the U.S. Federal statutory rate, the cost of repatriating foreign earnings, and the impact of changes to foreign valuation allowances.
Schedule Of Deferred Tax Assets And Liabilities [Table Text Block]	The components of the Corporation’s deferred tax assets and liabilities at December 31 are as follows: (In thousands) 2016 2015 Deferred tax assets: Pension plans $ 45,568 $ 40,102 Environmental reserves 9,871 9,561 Inventories 21,758 20,041 Postretirement/postemployment benefits 13,542 13,272 Incentive compensation 9,425 12,369 Net operating loss 10,345 9,043 Capital loss carryover 11,352 10,141 Other 39,977 38,226 Total deferred tax assets 161,838 152,755 Deferred tax liabilities: Depreciation 25,963 29,771 Goodwill amortization 97,667 89,276 Other intangible amortization 51,712 54,017 Other 16,225 12,280 Total deferred tax liabilities 191,567 185,344 Valuation allowance 17,776 17,895 Net deferred tax liabilities $ 47,505 $ 50,484 Deferred tax assets and liabilities are reflected on the Corporation’s consolidated balance sheet at December 31 as follows: (In thousands) 2016 2015 Net noncurrent deferred tax assets 2,217 3,963 Net noncurrent deferred tax liabilities 49,722 54,447 Net deferred tax liabilities $ 47,505 $ 50,484
Summary Of Unrecognized Tax Benefits [Table Text Block]	(In thousands) 2016 2015 2014 Balance at January 1, $ 12,414 $ 11,560 $ 10,623 Additions for tax positions of prior periods 32 359 1,421 Reductions for tax positions of prior periods (1,679 ) — — Additions for tax positions related to the current year 789 2,026 1,738 Settlements (102 ) (1,414 ) (2,039 ) Lapses of statute of limitations — — (41 ) Foreign currency translation — (117 ) (142 ) Balance at December 31, $ 11,454 $ 12,414 $ 11,560
Summary Of Open Tax Years [Table Text Block]	United States (Federal) 2013 - present United States (Various states) 2005 - present United Kingdom 2009 - present Canada 2010 - present

DEBT (Table)

DEBT (Table)	12 Months Ended
	Dec. 31, 2016
Debt Instruments [Abstract]
Summary of Debt	Debt consists of the following as of December 31: (In thousands) 2016 2016 2015 2015 Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value 5.51% Senior notes due 2017 150,000 154,509 150,000 158,024 3.84% Senior notes due 2021 100,000 102,463 100,307 100,307 3.70% Senior notes due 2023 225,000 226,946 225,000 224,322 3.85% Senior notes due 2025 100,000 100,338 100,450 100,450 4.24% Senior notes due 2026 200,000 203,592 201,422 201,422 4.05% Senior notes due 2028 75,000 74,630 75,904 75,904 4.11% Senior notes due 2028 100,000 99,876 100,000 99,720 Other debt 668 668 1,259 1,259 Total debt 950,668 963,022 954,342 961,408 Debt issuance costs, net (984) (984) (1,137) (1,137) Unamortized interest rate swap proceeds 16,614 16,614 — — Total debt, net 966,298 978,652 953,205 960,271 Less: current portion of long-term debt and short-term debt 150,668 150,668 1,259 1,259 Total long-term debt $815,630 $827,984 $951,946 $959,012
Aggregate Maturities of Debt	Aggregate maturities of debt are as follows: (In thousands) 2017 $ 150,668 2018 — 2019 — 2020 — 2021 100,000 Thereafter 700,000 Total $ 950,668

EARNINGS PER SHARE (Table)

EARNINGS PER SHARE (Table)	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Reconciliation [Table Text Block]	(In thousands, except per share data) Earnings from continuing operations Weighted- Average Shares Outstanding Earnings per share from continuing operations 2016 Basic earnings per share from continuing operations $ 189,382 44,389 $ 4.27 Dilutive effect of stock options and deferred stock compensation 656 Diluted earnings per share from continuing operations $ 189,382 45,045 $ 4.20 2015 Basic earnings per share from continuing operations $ 192,248 46,624 $ 4.12 Dilutive effect of stock options and deferred stock compensation 992 Diluted earnings per share from continuing operations $ 192,248 47,616 $ 4.04 2014 Basic earnings per share from continuing operations $ 169,949 48,019 $ 3.54 Dilutive effect of stock options and deferred stock compensation 1,056 Diluted earnings per share from continuing operations $ 169,949 49,075 $ 3.46

SHARE-BASED COMPENSATION PLANS

SHARE-BASED COMPENSATION PLANS (Table)	12 Months Ended
	Dec. 31, 2016
Share-based Compensation [Abstract]
Schedule Of Compensation Cost For Share Based Payment Arrangements Allocation Of Share Based Compensation Costs By Plan [Table Text Block]	(In thousands) 2016 2015 2014 Employee Stock Purchase Plan 1,184 1,279 1,350 Performance Share Units 3,910 4,349 3,728 Restricted Share Units 3,426 3,015 2,655 Other share-based payments 958 830 767 Total share-based compensation expense before income taxes $ 9,478 $ 9,473 $ 8,500
Schedule of Cash Proceeds Received from Share-based Payment Awards [Table Text Block]	(In thousands) 2016 2015 2014 Cash received from share-based awards $ 22,300 $ 28,706 $ 38,183 Recognized tax benefit on awards $ 11,101 $ 9,119 $ 9,610
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Shares (000’s) Weighted- Average Exercise Price Weighted- Average Remaining Contractual Term in Years Aggregate Intrinsic Value (000’s) Outstanding at December 31, 2015 852 $ 33.54 Exercised (408 ) 35.30 Forfeited (1 ) 36.73 Outstanding at December 31, 2016 443 $ 31.91 2.9 $ 29,421 Exercisable at December 31, 2016 443 $ 31.91 2.9 $ 29,421
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]	Performance Share Units (PSUs) Restricted Share Units (RSUs) Shares/Units (000’s) Weighted- Average Fair Value Shares/Units (000’s) Weighted- Average Fair Value Nonvested at December 31, 2015 286 $ 52.70 245 $ 55.98 Granted 38 124.83 63 98.64 Vested (108 ) 40.30 (93 ) 43.42 Forfeited (12 ) 77.27 (11 ) 66.48 Nonvested at December 31, 2016 204 $ 71.28 204 $ 74.38 Expected to vest at December 31, 2016 204 $ 71.28 204 $ 74.38

PENSION AND OTHER POSTRETIREM45

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Table)	12 Months Ended
	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock	Asset Category Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Cash and cash equivalents $ 26,251 $ 253 $ 25,998 $ — Equity securities- Mutual funds (1) 435,931 395,549 40,382 — Bond funds (2) 219,417 162,470 56,947 — Insurance Contracts (3) 9,720 — — 9,720 Other (4) 755 — — 755 December 31, 2015 $ 692,074 $ 558,272 $ 123,327 $ 10,475 Cash and cash equivalents $ 23,979 $ 4,893 $ 19,086 $ — Equity securities- Mutual funds (1) 459,002 418,390 40,612 — Bond funds (2) 219,249 155,120 64,129 — Insurance Contracts (3) 10,760 — — 10,760 Other (4) 1,618 — — 1,618 December 31, 2016 $ 714,608 $ 578,403 $ 123,827 $ 12,378
Schedule of Net Benefit Costs [Table Text Block]	Pension Benefits Postretirement Benefits (In thousands) 2016 2015 2014 2016 2015 2014 Service cost $ 25,100 $ 26,873 $ 25,262 $ 338 $ 286 $ 246 Interest cost 30,495 30,050 30,403 996 842 877 Expected return on plan assets (54,101 ) (54,629 ) (41,746 ) — — — Amortization of prior service cost (46 ) 618 662 (657 ) (657 ) (657 ) Recognized net actuarial loss/(gain) 12,029 16,890 6,827 (296 ) (551 ) (811 ) Cost of settlements/curtailments — 7,461 377 — — — Net periodic benefit cost (income) $ 13,477 $ 27,263 $ 21,785 $ 381 $ (80 ) $ (345 )
ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock	Pension Benefits Postretirement Benefits (In thousands) 2016 2015 2016 2015 Change in benefit obligation: Beginning of year $ 774,710 $ 797,360 $ 21,980 $ 23,250 Service cost 25,100 26,873 338 286 Interest cost 30,495 30,050 996 842 Plan participants’ contributions 1,897 1,825 266 345 Amendments — (2,951 ) — — Actuarial loss (gain) 19,640 (10,803 ) 3,372 (1,133 ) Benefits paid (41,115 ) (60,662 ) (2,516 ) (1,610 ) Actual expenses (1,206 ) (1,787 ) — — Currency translation adjustments (10,916 ) (5,195 ) — — End of year $ 798,605 $ 774,710 $ 24,436 $ 21,980 Change in plan assets: Beginning of year $ 692,074 $ 595,829 $ — $ — Actual return on plan assets 65,872 (4,092 ) — — Employer contribution 8,210 165,575 2,250 1,265 Plan participants’ contributions 1,897 1,825 266 345 Benefits paid (41,115 ) (60,662 ) (2,516 ) (1,610 ) Actual Expenses (1,206 ) (1,787 ) — — Currency translation adjustments (11,124 ) (4,614 ) — — End of year $ 714,608 $ 692,074 $ — $ — Funded status $ (83,997 ) $ (82,636 ) $ (24,436 ) $ (21,980 ) Pension Benefits Postretirement Benefits (In thousands) 2016 2015 2016 2015 Amounts recognized on the balance sheet Noncurrent assets $ 4,049 $ 3,667 $ — $ — Current liabilities (3,498 ) (2,998 ) (1,833 ) (1,562 ) Noncurrent liabilities (84,548 ) (83,305 ) (22,603 ) (20,418 ) Total $ (83,997 ) $ (82,636 ) $ (24,436 ) $ (21,980 ) Amounts recognized in accumulated other comprehensive income (AOCI) Net actuarial loss (gain) $ 198,630 $ 203,729 $ (5,178 ) $ (8,846 ) Prior service cost (1,580 ) (1,635 ) (3,373 ) (4,030 ) Total $ 197,050 $ 202,094 $ (8,551 ) $ (12,876 ) Amounts in AOCI expected to be recognized in net periodic cost in the coming year: Loss (gain) recognition $ 11,793 $ 12,373 $ (203 ) $ (571 ) Prior service cost recognition $ (105 ) $ (50 ) $ (657 ) $ (657 ) Accumulated benefit obligation $ 767,461 $ 736,688 N/A N/A Information for pension plans with an accumulated benefit obligation in excess of plan assets: Projected benefit obligation $ 733,426 $ 721,626 N/A N/A Accumulated benefit obligation 702,282 683,605 N/A N/A Fair value of plan assets 645,380 635,323 N/A N/A
ScheduleOfAssumptionsUsedTableTextBlock	Pension Benefits Postretirement Benefits 2016 2015 2016 2015 Weighted-average assumptions in determination of benefit obligation: Discount rate 3.88 % 4.11 % 4.00 % 4.25 % Rate of compensation increase 3.35 % 3.36 % N/A N/A Health care cost trends: Rate assumed for subsequent year N/A N/A 8.25 % 5.70 % Ultimate rate reached in 2026 N/A N/A 4.50 % 5.40 % Weighted-average assumptions in determination of net periodic benefit cost: Discount rate 4.12 % 3.88 % 4.25 % 3.75 % Expected return on plan assets 7.81 % 7.93 % N/A N/A Rate of compensation increase 3.35 % 3.37 % N/A N/A Health care cost trends: Rate assumed for subsequent year N/A N/A 8.75 % 5.50 % Ultimate rate reached in 2026 N/A N/A 4.50 % 4.59 %
ScheduleOfEffectOfOnePercentagePointChangeInAssumedHealthCareCostTrendRatesTableTextBlock	(In thousands) 1% Increase 1% Decrease Total service and interest cost components $ 30 $ (24 ) Postretirement benefit obligation $ 444 $ (371 )
ScheduleOfAllocationOfPlanAssetsTableTextBlock	As of December 31, Target Expected 2016 2015 Exposure Range Asset class Domestic equities 54% 51% 50% 40%-60% International equities 13% 14% 15% 10%-20% Total equity 67% 65% 65% 55%-75% Fixed income 33% 35% 35% 25%-45%
ScheduleOfExpectedBenefitPaymentsTableTextBlock	(In thousands) Pension Plans Postretirement Plans Total 2017 $ 49,513 $ 1,833 $ 51,346 2018 50,665 1,762 52,427 2019 54,154 1,733 55,887 2020 53,516 1,720 55,236 2021 52,950 1,711 54,661 2022 — 2026 273,753 8,211 281,964
Level 3
Defined Benefit Plan Disclosure [Line Items]
ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock	(In thousands) Insurance Contracts Other Total December 31, 2014 $ 8,169 $ 771 $ 8,940 Actual return on plan assets: Relating to assets still held at the reporting date 127 37 164 Relating to assets sold during the period — 2 2 Purchases, sales, and settlements 1,554 (49 ) 1,505 Foreign currency translation adjustment (130 ) (6 ) (136 ) December 31, 2015 $ 9,720 $ 755 $ 10,475 Actual return on plan assets: Relating to assets still held at the reporting date 148 35 183 Purchases, sales, and settlements 1,095 871 1,966 Foreign currency translation adjustment (203 ) (43 ) (246 ) December 31, 2016 $ 10,760 $ 1,618 $ 12,378

LEASES (Table)

LEASES (Table)	12 Months Ended
	Dec. 31, 2016
Leases [Abstract]
ScheduleOfFutureMinimumRentalPaymentsForOperatingLeasesTableTextBlock	(In thousands) Rental Commitments 2017 $ 27,585 2018 23,587 2019 19,578 2020 16,202 2021 13,094 Thereafter 69,400 Total $ 169,446

SEGMENT INFORMATION (Table)

SEGMENT INFORMATION (Table)	12 Months Ended
	Dec. 31, 2016
Segment Reporting [Abstract]
Schedule Of Segment Reporting Information By Segment [Text Block]	Capital expenditures Commercial/Industrial $ 30,145 $ 21,990 $ 37,329 Defense 5,870 3,834 5,175 Power 6,653 6,163 16,057 Corporate 4,108 3,525 8,554 Total Consolidated (2) $ 46,776 $ 35,512 $ 67,115 Depreciation and amortization expense Commercial/Industrial $ 53,970 $ 55,799 $ 58,276 Defense 14,488 15,965 19,530 Power 23,032 23,419 23,060 Corporate 4,518 4,292 4,059 Total Consolidated $ 96,008 $ 99,475 $ 104,925 December 31, (In thousands) 2016 2015 2014 Net sales Commercial/Industrial $ 1,120,326 $ 1,189,120 $ 1,232,696 Defense 469,796 479,528 492,094 Power 524,967 545,013 527,034 Less: Intersegment Revenues (6,158 ) (7,978 ) (8,698 ) Total Consolidated $ 2,108,931 $ 2,205,683 $ 2,243,126 December 31, (In thousands) 2016 2015 2014 Earnings before taxes: Total segment operating income $ 331,313 $ 345,407 $ 312,685 Corporate and administrative (23,215 ) (34,790 ) (30,312 ) Interest expense 41,248 36,038 35,794 Other income, net 1,111 615 365 Total consolidated earnings before tax $ 267,961 $ 275,194 $ 246,944
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	(In thousands) 2016 2015 2014 Operating income (expense) Commercial/Industrial $ 156,550 $ 171,525 $ 178,684 Defense 98,291 98,895 82,552 Power 76,472 74,987 51,449 Corporate and Eliminations (1) (23,215 ) (34,790 ) (30,312 ) Total Consolidated $ 308,098 $ 310,617 $ 282,373
Reconciliation Of Assets From Segment To Consolidated [Text Block]	Segment assets Commercial/Industrial $ 1,391,040 $ 1,480,052 $ 1,543,795 Defense 751,859 800,613 845,193 Power 516,321 629,612 579,736 Corporate 378,561 79,334 266,377 Assets held for sale — — 147,347 Total Consolidated $ 3,037,781 $ 2,989,611 $ 3,382,448 December 31, (In thousands) 2016 2015 2014 Assets: Total assets for reportable segments $ 2,659,220 $ 2,910,277 $ 2,968,724 Assets held for sale — — 147,347 Non-segment cash 357,021 42,164 247,249 Other assets 21,540 37,170 19,128 Total consolidated assets $ 3,037,781 $ 2,989,611 $ 3,382,448
ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock	December 31, (In thousands) 2016 2015 2014 Revenues United States of America $ 1,472,241 $ 1,502,363 $ 1,521,034 United Kingdom 114,752 135,673 145,092 Other foreign countries 521,938 567,647 577,000 Consolidated total $ 2,108,931 $ 2,205,683 $ 2,243,126
ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock	December 31, (In thousands) 2016 2015 2014 Long-Lived Assets United States of America $ 272,826 $ 293,612 $ 323,937 United Kingdom 39,014 36,061 45,625 Other foreign countries 77,063 83,971 89,357 Consolidated total $ 388,903 $ 413,644 $ 458,919
Revenue from External Customers by Products and Services [Table Text Block]	December 31, (In thousands) 2016 2015 2014 Net sales Flow Control $ 883,735 $ 949,657 $ 959,907 Motion Control 940,162 947,758 953,667 Surface Technologies 285,034 308,268 329,552 Consolidated total $ 2,108,931 $ 2,205,683 $ 2,243,126

ACCUMULATED OTHER COMPREHENSI48

ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS (Table)	12 Months Ended
	Dec. 31, 2016
Comprehensive Income [Abstract]
Schedule of Comprehensive Income (Loss) [Table Text Block]	(In thousands) Foreign currency translation adjustments, net Total pension and postretirement adjustments, net Accumulated other comprehensive income (loss) December 31, 2014 $ (20,283 ) $ (108,128 ) $ (128,411 ) Other comprehensive loss before reclassifications (1) (87,527 ) (24,823 ) (112,350 ) Amounts reclassified from accumulated other comprehensive income (1) — 14,833 14,833 Net current period other comprehensive loss (87,527 ) (9,990 ) (97,517 ) December 31, 2015 $ (107,810 ) $ (118,118 ) $ (225,928 ) Other comprehensive loss before reclassifications (1) (64,840 ) (7,892 ) (72,732 ) Amounts reclassified from accumulated other comprehensive income (1) — 6,904 6,904 Net current period other comprehensive loss (64,840 ) (988 ) (65,828 ) December 31, 2016 $ (172,650 ) $ (119,106 ) $ (291,756 ) Amount reclassified from Accumulated other comprehensive income (loss) Affected line item in the statement where net earnings is presented (In thousands) 2016 2015 Defined benefit pension and postretirement plans Amortization of prior service costs 703 39 (1) Amortization of net actuarial losses (11,733 ) (16,339 ) (1) Settlements — (7,461 ) (1) (11,030 ) (23,761 ) Total before tax 4,126 8,928 Income tax effect Total reclassifications $ (6,904 ) $ (14,833 ) Net of tax

QUARTERLY RESULTS OF OPERATIO49

QUARTERLY RESULTS OF OPERATIONS (Table)	12 Months Ended
	Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
ScheduleOfQuarterlyFinancialInformationTableTextBlock	T

SCHEDULE II VALUATION AND QUA50

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (Table)	12 Months Ended
	Dec. 31, 2016
Valuation and Qualifying Accounts [Abstract]
SummaryOfValuationAllowanceTextBlock	Additions Description Balance at Beginning of Period Charged to Costs and Expenses Charged to Other Accounts Deductions Balance at End of Period Deducted from assets to which they apply: December 31, 2016 Tax valuation allowance 17,895 1,951 (181 ) (1) 1,889 17,776 Total $ 17,895 $ 1,951 $ (181 ) $ 1,889 $ 17,776 December 31, 2015 Tax valuation allowance 23,478 2,605 (299 ) (1) 7,889 (2) 17,895 Total $ 23,478 $ 2,605 $ (299 ) $ 7,889 $ 17,895 December 31, 2014 Tax valuation allowance 6,321 18,535 (263 ) (1) 1,115 23,478 Total $ 6,321 $ 18,535 $ (263 ) $ 1,115 $ 23,478 (1) Primarily foreign currency translation adjustments. (2) Capital loss on sale of upstream oil and gas business.

SUMMARY OF SIGNIFICANT ACCOUN51

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Revenue Recognition) (Details) $ in Millions	Dec. 31, 2015USD ($)
AP1000 [Member]
Revenue Recognition [Line Items]
Changes In Contract Estimates Leading Decrease In Earnings From Continuing Operations	$ 11.5

SUMMARY OF SIGNIFICANT ACCOUN52

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Property Plant And Equipment) (Details)	12 Months Ended
	Dec. 31, 2016
Building [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Building [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	15 years

SUMMARY OF SIGNIFICANT ACCOUN53

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Intangible Assets) (Details)	12 Months Ended
	Dec. 31, 2016
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	1 year
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years

SUMMARY OF SIGNIFICANT ACCOUN54

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Impairment of Long-Lived Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Impaired Long-Lived Assets Held and Used [Line Items]
Impairment of assets	$ 0	$ 0	$ 3,202

SUMMARY OF SIGNIFICANT ACCOUN55

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Foreign Currency) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Foreign Currency [Abstract]
Foreign Currency Transaction Gain (Loss), Realized	$ 8.9	$ 8.3	$ 2.9

SUMMARY OF SIGNIFICANT ACCOUN56

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Derivatives) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
General and Administrative Expense [Member]
Derivatives, Fair Value [Line Items]
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	$ (11,510)	$ (11,042)	$ (6,880)

SUMMARY OF SIGNIFICANT ACCOUN57

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Reclassifications for Accounting Pronouncements (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Assets, Current	$ 1,414,811	$ 1,274,883
Other assets	11,549	17,715
Total assets	3,037,781	2,989,611	$ 3,382,448
Other current liabilities	28,027	37,190
Liabilities, Current	675,262	523,225
Long-term debt	815,630	951,946
Deferred tax liabilities, net	49,722	54,447
Liabilities	1,746,590	1,734,188
Liabilities and Equity	$ 3,037,781	2,989,611
Accounting Standards Update 2015-17 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred Tax Assets, Net, Current		(41,737)
Assets, Current		(41,737)
Other assets		3,107
Total assets		(38,630)
Other current liabilities		(1,962)
Liabilities, Current		(1,962)
Deferred tax liabilities, net		(36,668)
Liabilities		(38,630)
Liabilities and Equity		(38,630)
Accounting Standards Update 2015-03 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other assets		(1,137)
Total assets		(1,137)
Long-term debt		(1,137)
Liabilities		(1,137)
Liabilities and Equity		(1,137)
Scenario, Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred Tax Assets, Net, Current		41,737
Assets, Current		1,316,620
Other assets		15,745
Total assets		3,029,378
Other current liabilities		39,152
Liabilities, Current		525,187
Long-term debt		953,083
Deferred tax liabilities, net		91,115
Liabilities		1,773,955
Liabilities and Equity		$ 3,029,378

DISCONTINUED OPERATIONS - Aggre

DISCONTINUED OPERATIONS - Aggregate Financial Results (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales		$ 57,992	$ 363,869
Loss from discontinued operations before income taxes		(40,984)	(48,519)
Income tax benefit / (expense)	$ (2,053)	7,926	14,268
Loss on sale of businesses		(13,729)	(22,360)
Loss from discontinued operations	(2,053)	(46,787)	(56,611)
Impairment of assets held for sale	$ 0	$ 40,813	$ 41,369

DISCONTINUED OPERATIONS - Narra

DISCONTINUED OPERATIONS - Narrative (Detail) $ in Thousands, £ in Millions

Dec. 17, 2014USD ($)

Jun. 30, 2014USD ($)

Apr. 30, 2014USD ($)

Oct. 31, 2015

Jul. 31, 2015USD ($)

May 31, 2015USD ($)

Jan. 31, 2015USD ($)

Jan. 31, 2015GBP (£)

Dec. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Sep. 30, 2014USD ($)

Dec. 31, 2016USD ($)facility

Dec. 31, 2015USD ($)facility

Dec. 31, 2014USD ($)

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Proceeds from divestiture

$ 1,027

$ 31,344

$ 152,965

Gain (loss) on divestiture

845

(16,991)

(29,184)

Impairment of assets

0

0

3,202

Income tax benefit / (expense)

$ 2,053

$ (7,926)

(14,268)

Held-for-sale [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Number of Operating Segments | facility

5

Surface Technologies [Member] | Commercial/Industrial

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Number of Facilities Sold | facility

2

Disposal Date

Oct. 31, 2015

Jul. 31, 2015

Engineered Packaging [Member] | Defense

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Proceeds from divestiture

$ 14,000

Gain (loss) on divestiture

$ 2,300

Disposal Date

Jul. 31, 2015

Downstream [Member] | Previously reported within Energy segment [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Proceeds from divestiture

$ 19,000

Discontinued Operation, Amount of Adjustment to Prior Period Gain (Loss) on Disposal, before Income Tax

$ 4,800

Gain (loss) on divestiture

$ (59,500)

$ (33,100)

Disposal Date

May 31, 2015

Aviation Ground Support [Member] | Defense

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Proceeds from divestiture

$ 4,000

£ 3

Disposal Date

Jan. 31, 2015

Jan. 31, 2015

Surface Technologies International [Member] | Discontinued Operations, Disposed of by Means Other than Sale, Abandonment [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Pre-tax closure costs

$ 5,300

Surface Technologies International [Member] | Discontinued Operations, Disposed of by Means Other than Sale, Abandonment [Member] | Machinery and Equipment [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Impairment of assets

$ 3,200

Benshaw [Member] | Previously reported within Defense segment [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Gain (loss) on divestiture

$ 7,300

Disposal Date

Jun. 30, 2014

Sale of assets of businesses

$ 49,700

Income tax benefit / (expense)

$ (2,900)

3D Radar [Member] | Defense

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Gain (loss) on divestiture

$ 600

Disposal Date

Apr. 30, 2014

Sale of assets of businesses

$ 2,400

Upstream [Member] | Previously reported within Energy segment [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Proceeds from divestiture

$ 98,000

Gain (loss) on divestiture

$ (13,700)

Disposal Date

Dec. 17, 2014

Income tax benefit / (expense)

$ (600)

Vessels [Member] | Previously reported within Energy segment [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Proceeds from divestiture

$ 2,000

Gain (loss) on divestiture

(8,600)

Income tax benefit / (expense)

$ (3,200)

ACQUISITIONS (Detail)

ACQUISITIONS (Detail) - USD ($) $ in Thousands	Mar. 16, 2015	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2014
Business Acquisition [Line Items]
Goodwill		$ 972,606	$ 951,057	$ 1,040,901
Commercial/Industrial
Business Acquisition [Line Items]
Goodwill		447,828	$ 436,141	$ 454,092
2015 acquisitions [Member]
Business Acquisition [Line Items]
Accounts receivable		996
Inventory		152
Property, plant, and equipment		1,463
Other current assets		155
Intangible assets		7,700
Current and non-current liabilities		(6)
Due to seller		(1,470)
Assets Acquired and Liabilities Assumed, Net		8,990
Purchase price		13,228
Goodwill		$ 4,238
Bolts Metallizing Inc [Member] | Commercial/Industrial
Business Acquisition [Line Items]
Purchase price	$ 13,000

ACQUISITIONS (Narrative) (Detai

ACQUISITIONS (Narrative) (Detail) $ in Thousands	Mar. 16, 2015USD ($)	Dec. 31, 2015USD ($)NumberAcquisitions	Dec. 31, 2016USD ($)	Dec. 31, 2014USD ($)
Business Acquisition [Line Items]
Number of Businesses Acquired | NumberAcquisitions		1
Goodwill		$ 972,606	$ 951,057	$ 1,040,901
Commercial/Industrial
Business Acquisition [Line Items]
Goodwill		447,828	436,141	454,092
Power
Business Acquisition [Line Items]
Goodwill		187,175	$ 187,261	$ 187,725
2015 acquisitions [Member]
Business Acquisition [Line Items]
Accounts receivable		996
Payments to acquire business		13,228
Inventory		152
Property, plant, and equipment		1,463
Other current assets		155
Intangible assets		7,700
Current And non-current Liabilities		6
Due to seller		1,470
Assets Acquired and Liabilities Assumed, Net		8,990
Goodwill		$ 4,238
Bolts Metallizing Inc [Member] | Commercial/Industrial
Business Acquisition [Line Items]
Payments to acquire business	$ 13,000
Effective date of acquisition	Mar. 16, 2015

RECEIVABLES (Detail)

RECEIVABLES (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Billed receivables:
Trade and other receivables	$ 340,091	$ 435,172
Less: Allowance for doubtful accounts	(4,832)	(5,664)
Net billed receivables	335,259	429,508
Unbilled receivables:
Recoverable costs and estimated earnings not billed	149,847	153,045
Less: Progress payments applied	(22,044)	(16,264)
Net unbilled receivables	127,803	136,781
Receivables, net	$ 463,062	$ 566,289

RECEIVABLES (Narrative) (Detail

RECEIVABLES (Narrative) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
ConcentrationRiskLineItems
Unbilled Receivables, Not Billable	$ 127,803	$ 136,781
GovernmentContractsConcentrationRiskMember
ConcentrationRiskLineItems
Accounts Receivable, Gross	$ 183,600	$ 165,600
ConcentrationRiskPercentage	38.00%	36.00%
Unbilled Receivables, Not Billable	$ 83,200	$ 70,600

INVENTORIES (Detail)

INVENTORIES (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Inventory, Net [Abstract]
Raw material	$ 189,228	$ 196,684
Work-in-process	73,843	79,406
Finished goods and component parts	112,478	114,931
Inventory costs related to U.S. Government and other long-term contracts	57,516	51,774
Gross inventories	433,065	442,795
Less: Inventory reserves	(54,988)	(48,904)
Progress payments applied, principally related to long-term contracts	(11,103)	(14,300)
Inventories, net	$ 366,974	$ 379,591

INVENTORIES (Narrative) (Detail

INVENTORIES (Narrative) (Detail) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Inventory, Net [Abstract]
Other Inventory, Capitalized Costs	$ 28.8	$ 29.7
Other Inventory Capitalized Costs To Be Liquidated Under Firm Orders	$ 3.9	$ 2.5

PROPERTY, PLANT, AND EQUIPMEN66

PROPERTY, PLANT, AND EQUIPMENT (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
land	$ 19,511	$ 19,933
BuildingsAndImprovementsGross	215,221	218,016
MachineryAndEquipmentGross	752,356	739,965
Property, Plant and Equipment, Gross, Total	987,088	977,914
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	(598,185)	(564,270)
Property, plant, and equipment, net	$ 388,903	$ 413,644	$ 458,919

PROPERTY, PLANT, AND EQUIPMEN67

PROPERTY, PLANT, AND EQUIPMENT (Narrative) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Depreciation	$ 62.6	$ 64.7	$ 66.6

GOODWILL (Detail)

GOODWILL (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Goodwill [Line Items]
Goodwill	$ 972,606	$ 1,040,901
Acquisitions		4,238
Divestitures	(452)	(41,264)
Goodwill adjustments		21
Goodwill, Translation Adjustments	(21,097)	(31,290)
Goodwill	951,057	972,606
Commercial/Industrial
Goodwill [Line Items]
Goodwill	447,828	454,092
Acquisitions		4,238
Goodwill adjustments		21
Goodwill, Translation Adjustments	(11,687)	(10,523)
Goodwill	436,141	447,828
Defense
Goodwill [Line Items]
Goodwill	337,603	356,689
Divestitures	(452)
Goodwill adjustments		1,131
Goodwill, Translation Adjustments	(9,496)	(20,217)
Goodwill	327,655	337,603
Power
Goodwill [Line Items]
Goodwill	187,175	187,725
Goodwill, Translation Adjustments	86	(550)
Goodwill	187,261	187,175
Assets Held for Sale
Goodwill [Line Items]
Goodwill	$ 0	42,395
Divestitures		(41,264)
Goodwill adjustments		(1,131)
Goodwill		$ 0

OTHER INTANGIBLE ASSETS, NET (D

OTHER INTANGIBLE ASSETS, NET (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Finite Lived Intangible Assets Gross	$ 553,310	$ 566,120
Finite Lived Intangible Assets Accumulated Amortization	(281,849)	(255,357)
Other intangible assets, net	271,461	310,763
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Finite Lived Intangible Assets Gross	166,859	171,382
Finite Lived Intangible Assets Accumulated Amortization	(98,266)	(91,430)
Other intangible assets, net	68,593	79,952
Customer Related Intangibles [Member]
Finite-Lived Intangible Assets [Line Items]
Finite Lived Intangible Assets Gross	349,742	357,538
Finite Lived Intangible Assets Accumulated Amortization	(157,154)	(140,816)
Other intangible assets, net	192,588	216,722
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite Lived Intangible Assets Gross	36,709	37,200
Finite Lived Intangible Assets Accumulated Amortization	(26,429)	(23,111)
Other intangible assets, net	$ 10,280	$ 14,089

OTHER INTANGIBLE ASSETS, NET (A

OTHER INTANGIBLE ASSETS, NET (Amort) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 33,400	$ 34,800	$ 38,300
Future Amortization Expense Year One	32,178
Future Amortization Expense Year Two	31,100
Future Amortization Expense Year Three	29,340
Future Amortization Expense Year Four	27,470
Future Amortization Expense Year Five	$ 25,759

OTHER INTANGIBLE ASSETS, NET OT

OTHER INTANGIBLE ASSETS, NET OTHER INTANGIBLE ASSETS, NET (Narrative) (Detail)	12 Months Ended
	Dec. 31, 2016
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	1 year
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years

FAIR VALUE (Detail)

FAIR VALUE (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 142	$ 3,306
Derivative Liability, Fair Value, Gross Liability	419	673
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Derivative Asset, Fair Value, Gross Asset		3,083
Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Derivative Asset, Fair Value, Gross Asset	142	223
Derivative Liability, Fair Value, Gross Liability	$ 419	$ 673

FAIR VALUE OF FINANCIAL INSTR73

FAIR VALUE OF FINANCIAL INSTRUMENTS (Income Loss) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
General and Administrative Expense [Member]
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	$ 11,510	$ 11,042	$ 6,880
Swap [Member] | Other Income [Member]
Derivative Instruments Gain Loss [Line Items]
Increase (Decrease) in Fair Value of Hedged Item in Interest Rate Fair Value Hedge		8,204	44,724
Borrowings [Member] | Other Income [Member]
Derivative Instruments Gain Loss [Line Items]
Increase (Decrease) in Fair Value of Hedged Item in Interest Rate Fair Value Hedge		$ (8,204)	$ (44,724)

FAIR VALUE OF FINANCIAL INSTR74

FAIR VALUE OF FINANCIAL INSTRUMENTS (Narrative) (Detail) - USD ($) $ in Thousands	1 Months Ended		12 Months Ended
	Mar. 31, 2013	Jan. 31, 2012	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Cash payment received			$ 20,405
3.85% Senior notes due 2025
Derivative [Line Items]
Notional amount	$ 100,000
Stated interest rate	3.85%
Date of maturity			Feb. 26, 2025
Description of variable rate basis	LIBOR
Basis spread	1.77%
4.05% Senior notes due 2028
Derivative [Line Items]
Notional amount	$ 75,000
Stated interest rate	4.05%
Date of maturity			Feb. 26, 2028
Description of variable rate basis	LIBOR
Basis spread	1.73%
4.24% Senior notes due 2026
Derivative [Line Items]
Notional amount		$ 200,000
Stated interest rate		4.24%
Date of maturity			Dec. 1, 2026
Description of variable rate basis		LIBOR
Basis spread		2.02%
Issued amount of debt		$ 200,000
3.84% Senior notes due 2021
Derivative [Line Items]
Notional amount		$ 25,000
Stated interest rate		3.84%
Date of maturity			Dec. 1, 2021
Description of variable rate basis		LIBOR
Basis spread		1.90%
Issued amount of debt		$ 100,000

FAIR VALUE OF FINANCIAL INSTR75

FAIR VALUE OF FINANCIAL INSTRUMENTS (Debt Narrative) (Detail) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Estimated Fair Value
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Amount	$ 961	$ 959
Carrying Value
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Amount	$ 949	$ 952

FAIR VALUE OF FINANCIAL INSTR76

FAIR VALUE OF FINANCIAL INSTRUMENTS (Nonrecurring) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Adjustment Disclosure [Abstract]
Impairment of Long-Lived Assets to be Disposed of	$ 0	$ 40,813	$ 41,369

ACCRUED EXPENSES AND OTHER CU77

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Accrued Expenses) (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Accrued Liabilities, Current [Abstract]
Accrued compensation	$ 85,970	$ 86,497
Accrued commissions	5,189	7,250
Accrued interest	9,817	9,900
Accrued insurance	7,521	5,261
Other Accrued Liabilities, Current	21,742	22,955
Accrued expenses	$ 130,239	$ 131,863

ACCRUED EXPENSES AND OTHER CU78

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Other Current Liabilities) (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Accrued Liabilities, Current [Abstract]
Warranty	$ 11,768	$ 15,053
Additional amounts due to sellers on acquisitions	1,985	2,883
Reserves on loss contracts	1,662	2,711
Pension and other postretirement liabilities	5,331	4,560
Other Sundry Liabilities, Current	7,281	11,983
Other current liabilities	$ 28,027	$ 37,190

INCOME TAXES (Income Before Inc

INCOME TAXES (Income Before Income Tax) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Domestic	$ 154,571	$ 135,112	$ 120,563
Foreign	113,390	140,082	126,381
Earnings before income taxes	$ 267,961	$ 275,194	$ 246,944

INCOME TAXES (Provision for Inc

INCOME TAXES (Provision for Income Taxes) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Federal	$ 45,523	$ (6,741)	$ 70,609
State	8,002	6,175	9,065
Foreign	20,861	27,134	33,401
Current Income Tax Expense (Benefit), Total	74,386	26,568	113,075
Federal	4,267	49,060	(29,683)
State	73	7,390	(1,247)
Foreign	(147)	(72)	(5,150)
Deferred Income Tax Expense (Benefit), Total	4,193	56,378	(36,080)
Provision for income taxes	$ 78,579	$ 82,946	$ 76,995

INCOME TAXES (Effective Income

INCOME TAXES (Effective Income Tax Rate Reconciliation) (Detail)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
U.S. federal statutory tax rate	35.00%	35.00%	35.00%
State and local taxes, net of federal benefit	1.10%	4.30%	2.40%
R&D tax credits	(0.90%)	(1.30%)	(1.30%)
Foreign rate differential	(5.80%)	(6.20%)	(4.40%)
All other, net	(0.10%)	(1.70%)	(0.50%)
Effective tax rate	29.30%	30.10%	31.20%

INCOME TAXES (Deferred Tax Asse

INCOME TAXES (Deferred Tax Assets and Liabilties) (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Deferred tax assets:
Pension plans	$ 45,568	$ 40,102
Environmental reserves	9,871	9,561
Inventory	21,758	20,041
Postretirement/postemployment benefits	13,542	13,272
Incentive compensation	9,425	12,369
Net operating loss	10,345	9,043
Capital Loss Carryforwards	11,352	10,141
Other	39,977	38,226
Total deferred tax assets	161,838	152,755
Deferred tax liabilities:
Undistributed foreign subsidiaries earnings	283,500
Depreciation	25,963	29,771
Goodwill amortization	97,667	89,276
Other intangible amortization	51,712	54,017
Other	16,225	12,280
Total deferred tax liabilities	191,567	185,344
Valuation allowance	17,776	17,895
Deferred Tax Liabilities, Net	$ 47,505	$ 50,484

INCOME TAXES (Net Deferred Tax

INCOME TAXES (Net Deferred Tax Assets and Liabilities) (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Net noncurrent deferred tax assets	$ 2,217	$ 3,963
Net noncurrent deferred tax liabilities	49,722	54,447
Deferred Tax Liabilities, Net	$ 47,505	$ 50,484

INCOME TAXES (Unrecognized Tax

INCOME TAXES (Unrecognized Tax Benefits) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits (beginning balance)	$ 12,414	$ 11,560	$ 10,623
Additions for tax positions of prior periods	32	359	1,421
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions	(1,679)
Additions for tax positions related to the current year	789	2,026	1,738
Settlements	(102)	(1,414)	(2,039)
Lapses of statute of limitations			(41)
Unrecognized tax benefits (ending balance)	$ 11,454	12,414	11,560
Unrecognized Tax Benefits, Decrease Resulting from Foreign Currency Translation		$ (117)	$ (142)

INCOME TAXES (Open Tax Years) (

INCOME TAXES (Open Tax Years) (Detail)	12 Months Ended
	Dec. 31, 2016
United States (Various states)
IncomeTaxContingencyLineItems
Open Tax Year	2,005
Internal Revenue Service (IRS) | United States (Federal)
IncomeTaxContingencyLineItems
Open Tax Year	2,013
United Kingdom | Foreign Tax Authority
IncomeTaxContingencyLineItems
Open Tax Year	2,009
Canada | Foreign Tax Authority
IncomeTaxContingencyLineItems
Open Tax Year	2,010

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
OperatingLossCarryforwardsLineItems
Operating loss carryforward	$ 21,700
Valuation allowance increase	(100)
Valuation allowance	17,776	$ 17,895
Income tax payments	54,500	4,900	$ 35,000
Undistributed foreign subsidiaries earnings	283,500
Unrecognized tax benefits that would affect the effective income tax rate	7,700	$ 8,300	$ 8,000
Foreign Tax Authority
OperatingLossCarryforwardsLineItems
Operating loss carryforwards related to international operations	24,000
Indefinite lived operating loss carryforwards,	13,000
Operating loss carryforwards subject to expiration	$ 11,000
Operating loss carryforward, expiration date	Dec. 31, 2023
State And Local Jurisdiction [Member]
OperatingLossCarryforwardsLineItems
Operating loss carryforwards subject to expiration	$ 66,500
Operating loss carryforward, expiration date	Dec. 31, 2036
Operating loss carryforwards state and local	$ 97,600
Capital Loss Carryforward [Member]
OperatingLossCarryforwardsLineItems
Tax credit carryforward amount	$ 31,100
Capital loss carryforwards expiration date	Dec. 31, 2020
Other Liabilities [Member]
OperatingLossCarryforwardsLineItems
Interest on income taxes accrued	$ 1,800
Income tax penalties accrued	$ 1,400

DEBT (Detail)

DEBT (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Long-term Debt	$ 966,298	$ 953,205
Long Term Debt Fair Value	978,652	960,271
Long-term Debt, Gross	950,668	954,342
Debt issuance costs, net	(984)	(1,137)
Unamortized interest rate swap proceeds	16,614
Less: current portion of long-term debt and short-term debt	150,668	1,259
Total long-term debt	815,630	951,946
Long-term Debt, gross [Member]
Debt Instrument [Line Items]
Long Term Debt Fair Value	963,022	961,408
Carrying Value
Debt Instrument [Line Items]
Less: current portion of long-term debt and short-term debt	150,668	1,259
Total long-term debt	815,630	951,946
Carrying Value | 5.51% Senior notes due 2017
Debt Instrument [Line Items]
Long-term Debt	150,000	150,000
Carrying Value | 3.84% Senior notes due 2021
Debt Instrument [Line Items]
Long-term Debt	100,000	100,307
Carrying Value | 3.70% Senior notes due 2023
Debt Instrument [Line Items]
Long-term Debt	225,000	225,000
Carrying Value | 3.85% Senior notes due 2025
Debt Instrument [Line Items]
Long-term Debt	100,000	100,450
Carrying Value | 4.24% Senior notes due 2026
Debt Instrument [Line Items]
Long-term Debt	200,000	201,422
Carrying Value | 4.05% Senior notes due 2028
Debt Instrument [Line Items]
Long-term Debt	75,000	75,904
Carrying Value | 4.11% Senior notes due 2028
Debt Instrument [Line Items]
Long-term Debt	100,000	100,000
Carrying Value | Other debt
Debt Instrument [Line Items]
Long-term Debt	668	1,259
Estimated Fair Value
Debt Instrument [Line Items]
Less: current portion of long-term debt and short-term debt	150,668	1,259
Total long-term debt	827,984	959,012
Estimated Fair Value | 5.51% Senior notes due 2017
Debt Instrument [Line Items]
Long Term Debt Fair Value	154,509	158,024
Estimated Fair Value | 3.84% Senior notes due 2021
Debt Instrument [Line Items]
Long Term Debt Fair Value	102,463	100,307
Estimated Fair Value | 3.70% Senior notes due 2023
Debt Instrument [Line Items]
Long Term Debt Fair Value	226,946	224,322
Estimated Fair Value | 3.85% Senior notes due 2025
Debt Instrument [Line Items]
Long Term Debt Fair Value	100,338	100,450
Estimated Fair Value | 4.24% Senior notes due 2026
Debt Instrument [Line Items]
Long Term Debt Fair Value	203,592	201,422
Estimated Fair Value | 4.05% Senior notes due 2028
Debt Instrument [Line Items]
Long Term Debt Fair Value	74,630	75,904
Estimated Fair Value | 4.11% Senior notes due 2028
Debt Instrument [Line Items]
Long Term Debt Fair Value	99,876	99,720
Estimated Fair Value | Other debt
Debt Instrument [Line Items]
Long Term Debt Fair Value	$ 668	$ 1,259

DEBT (Maturity) (Detail)

DEBT (Maturity) (Detail) $ in Thousands	Dec. 31, 2016USD ($)
Debt Instruments [Abstract]
2,017	$ 150,668
2,018	0
2,019	0
2,020	0
2,021	100,000
Thereafter	700,000
Total	$ 950,668

DEBT (Narrative) (Detail)

DEBT (Narrative) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Sep. 26, 2013	Feb. 26, 2013	Dec. 08, 2011	Dec. 01, 2005
Debt Instrument [Line Items]
Interest payments made	$ 38	$ 33	$ 33
Interest rate description	Borrowings under the credit agreement will accrue interest based on (i) Libor or (ii) a base rate of the highest of (a) the federal funds rate plus 0.5%, (b) BofA’s announced prime rate, or (c) the Eurocurrency rate plus 1%, plus a margin. The interest rate and level of facility fees are dependent on certain financial ratios, as defined in the Credit Agreement. The Credit Agreement also provides customary fees, including administrative agent and commitment fees. In connection with the Credit Agreement, we paid customary transaction fees that have been deferred and are being amortized over the term of the Credit Agreement.
Debt to capitalization limit	60.00%
Description of debt to capitalization limit	0.6
2013 Senior Notes
Debt Instrument [Line Items]
Date of issuance	Feb. 26, 2013
Issued amount of debt					$ 500
3.70% Senior notes due 2023
Debt Instrument [Line Items]
Issued amount of debt					$ 225
Date of maturity	Feb. 26, 2023
Stated interest rate					3.70%
3.85% Senior notes due 2025
Debt Instrument [Line Items]
Issued amount of debt					$ 100
Date of maturity	Feb. 26, 2025
Stated interest rate					3.85%
4.05% Senior notes due 2028
Debt Instrument [Line Items]
Issued amount of debt					$ 75
Date of maturity	Feb. 26, 2028
Stated interest rate					4.05%
4.11% Senior notes due 2028
Debt Instrument [Line Items]
Date of issuance	Sep. 26, 2013
Issued amount of debt				$ 100
Date of maturity	Sep. 26, 2028
Stated interest rate				4.11%
2011 Notes
Debt Instrument [Line Items]
Date of issuance	Dec. 8, 2011
Issued amount of debt						$ 300
3.84% Senior notes due 2021
Debt Instrument [Line Items]
Issued amount of debt						$ 100
Date of maturity	Dec. 1, 2021
Stated interest rate						3.84%
4.24% Senior notes due 2026
Debt Instrument [Line Items]
Issued amount of debt						$ 200
Date of maturity	Dec. 1, 2026
Stated interest rate						4.24%
2,005
Debt Instrument [Line Items]
Date of issuance	Dec. 1, 2005
Issued amount of debt							$ 150
Date of maturity	Dec. 1, 2017
Stated interest rate							5.51%
Revolving credit facility
Debt Instrument [Line Items]
Date of refinance	Aug. 31, 2012
Borrowing capacity	$ 500
Standby letters of credit
Debt Instrument [Line Items]
Letters of credit	47.2	$ 37.3
Revolving credit facility
Debt Instrument [Line Items]
Weighted-average interest rate		3.20%
Additional borrowing capacity allowed	100
Unused credit available under the credit facility	$ 453
Long-term debt
Debt Instrument [Line Items]
Weighted-average interest rate	3.90%	3.30%
Unused credit available under the credit facility	$ 800

EARNINGS PER SHARE (Detail)

EARNINGS PER SHARE (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Earnings Per Share Reconciliation [Abstract]
Basic									44,389	46,624	48,019
Dilutive effect of stock options and deferred stock compensation									656	992	1,056
Diluted									45,045	47,616	49,075
Earnings from continuing operations	$ 1.60	$ 1.04	$ 0.90	$ 0.74	$ 1.56	$ 0.82	$ 0.85	$ 0.91	$ 4.27	$ 4.12	$ 3.54
Earnings from continuing operations	$ 1.58	$ 1.02	$ 0.88	$ 0.73	$ 1.53	$ 0.80	$ 0.83	$ 0.89	$ 4.20	$ 4.04	$ 3.46
Earnings from continuing operations	$ 70,668	$ 45,932	$ 39,963	$ 32,819	$ 70,762	$ 38,142	$ 40,121	$ 43,223	$ 189,382	$ 192,248	$ 169,949

EARNINGS PER SHARE (AntiDilutiv

EARNINGS PER SHARE (AntiDilutive) (Detail) - shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount	0	0

SHARE-BASED COMPENSATION PLAN92

SHARE-BASED COMPENSATION PLANS (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation [Abstract]
Employee Stock Purchase Plan	$ 1,184	$ 1,279	$ 1,350
Performance Share Units	3,910	4,349	3,728
Restricted Share Units	3,426	3,015	2,655
Other share-based payments	958	830	767
Total share-based compensation expense before income taxes	$ 9,478	$ 9,473	$ 8,500

SHARE-BASED COMPENSATION PLAN93

SHARE-BASED COMPENSATION PLANS (Cash Proceeds and Tax Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation [Abstract]
Cash received from share-based awards	$ 22,300	$ 28,706	$ 38,183
Recognized tax benefit on awards	$ 11,101	$ 9,119	$ 9,610

SHARE-BASED COMPENSATION PLAN94

SHARE-BASED COMPENSATION PLANS (LTI) (Detail) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding (in shares) | shares	852
Exercised (in shares) | shares	(408)
Forfeited (in shares) | shares	1
Outstanding (in shares) | shares	443
Exercisable (in shares) | shares	443
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding (in dollars per share) | $ / shares	$ 33.54
Exercised (in dollars per share) | $ / shares	35.30
Forfeited (in dollars per share) | $ / shares	36.73
Outstanding (in dollars per share) | $ / shares	31.91
Exercisable (in dollars per share) | $ / shares	$ 31.91
Outstanding, weighted-average remaining contractual term in years	2 years 11 months 2 days
Exercisable. weighted-average remaining contractual term in years	2 years 11 months 2 days
Outstanding, aggregate intrinsic value | $	$ 29,421
Exercisable, aggregate intrinsic value | $	$ 29,421

SHARE-BASED COMPENSATION PLAN95

SHARE-BASED COMPENSATION PLANS (Restricted Units) (Detail) shares in Thousands	12 Months Ended
	Dec. 31, 2016$ / sharesshares
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding (in shares) | shares	245
Granted (in shares) | shares	63
Vested (in shares) | shares	(93)
Forfeited (in shares) | shares	(11)
Outstanding (in shares) | shares	204
Expected to vest (in shares) | shares	204
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding (in dollars per share) | $ / shares	$ 55.98
Granted (in dollars per share) | $ / shares	98.64
Vested (in dollars per share) | $ / shares	43.42
Forfeited (in dollars per share) | $ / shares	66.48
Outstanding (in dollars per share) | $ / shares	74.38
Expected to vest (in dollars per share) | $ / shares	$ 74.38
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding (in shares) | shares	286
Granted (in shares) | shares	38
Vested (in shares) | shares	(108)
Forfeited (in shares) | shares	(12)
Outstanding (in shares) | shares	204
Expected to vest (in shares) | shares	204
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding (in dollars per share) | $ / shares	$ 52.70
Granted (in dollars per share) | $ / shares	124.83
Vested (in dollars per share) | $ / shares	40.30
Forfeited (in dollars per share) | $ / shares	77.27
Outstanding (in dollars per share) | $ / shares	71.28
Expected to vest (in dollars per share) | $ / shares	$ 71.28

SHARE-BASED COMPENSATION PLAN96

SHARE-BASED COMPENSATION PLANS (Narrative) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock authorized	100,000,000	100,000,000
2014 Omnibus Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock authorized		2,400,000
Non Qualfied Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of stock options exercised	$ 43.2	$ 36.8	$ 28.3
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested intrinsic value	20
Unrecognized compensation cost	$ 8.9
Unrecognized compensation expense, period of recognition	2 years 5 months 1 day
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period	3 years
Nonvested intrinsic value	$ 20
Unrecognized compensation cost	$ 10.6
Unrecognized compensation expense, period of recognition	2 years 6 months 1 day
Employee Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Purchase price percentage of fair market value	85.00%

PENSION PLANS (Detail)

PENSION PLANS (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Pension Plans Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 25,100	$ 26,873	$ 25,262
Interest cost	30,495	30,050	30,403
Expected return on plan assets	(54,101)	(54,629)	(41,746)
Prior service cost	(46)	618	662
Recognized net actuarial loss	12,029	16,890	6,827
Curtailment charge		7,461	377
Defined Benefit Plan, Net Periodic Benefit Cost	13,477	27,263	21,785
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	338	286	246
Interest cost	996	842	877
Prior service cost	(657)	(657)	(657)
Recognized net actuarial loss	(296)	(551)	(811)
Defined Benefit Plan, Net Periodic Benefit Cost	$ 381	$ (80)	$ (345)

PENSION AND OTHER POSTRETIREM98

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Pension Plans Defined Benefit [Member]
DefinedBenefitPlanChangeInBenefitObligationRollForward
Defined Benefit Plan, Benefit Obligation, Beginning Balance	$ 774,710	$ 797,360
Service cost	25,100	26,873	$ 25,262
Interest cost	30,495	30,050	30,403
DefinedBenefitPlanContributionsByPlanParticipants	1,897	1,825
DefinedBenefitPlanPlanAmendments		(2,951)
DefinedBenefitPlanActuarialGainLoss	19,640	(10,803)
DefinedBenefitPlanBenefitsPaid	(41,115)	(60,662)
Defined Benefit Plan, Actual Expense	(1,206)	(1,787)
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation	(10,916)	(5,195)
Defined Benefit Plan, Benefit Obligation, Ending Balance	798,605	774,710	797,360
Other Postretirement Benefit Plans, Defined Benefit [Member]
DefinedBenefitPlanChangeInBenefitObligationRollForward
Defined Benefit Plan, Benefit Obligation, Beginning Balance	21,980	23,250
Service cost	338	286	246
Interest cost	996	842	877
DefinedBenefitPlanContributionsByPlanParticipants	266	345
DefinedBenefitPlanActuarialGainLoss	3,372	(1,133)
DefinedBenefitPlanBenefitsPaid	(2,516)	(1,610)
Defined Benefit Plan, Benefit Obligation, Ending Balance	$ 24,436	$ 21,980	$ 23,250

PENSION AND OTHER POSTRETIREM99

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Plan Asset) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
DefinedBenefitPlanChangeInFairValueOfPlanAssetsRollForward
Defined Benefit Plan, Fair Value of Plan Assets, Beginning Balance	$ (692,074)
Defined Benefit Plan, Fair Value of Plan Assets, Ending Balance	714,608	$ 692,074
DefinedBenefitPlanAmountsRecognizedInBalanceSheetAbstract
Pension and other postretirement liabilities	(5,331)	(4,560)
Accrued pension and other postretirement benefit costs	(107,151)	(103,723)
Pension Plans Defined Benefit [Member]
DefinedBenefitPlanChangeInFairValueOfPlanAssetsRollForward
Defined Benefit Plan, Fair Value of Plan Assets, Beginning Balance	(692,074)	(595,829)
Defined Benefit Plan, Actual Return on Plan Assets	65,872	(4,092)
Contributions made by employer	8,210	165,575
DefinedBenefitPlanContributionsByPlanParticipants	1,897	1,825
DefinedBenefitPlanBenefitsPaid	(41,115)	(60,662)
DefinedBenefitPlanSettlementsPlanAssets	(1,206)	(1,787)
DefinedBenefitPlanForeignCurrencyExchangeRateChangesPlanAssets	(11,124)	(4,614)
Defined Benefit Plan, Fair Value of Plan Assets, Ending Balance	714,608	692,074
DefinedBenefitPlanFundedStatusOfPlan	(83,997)	(82,636)
DefinedBenefitPlanAmountsRecognizedInBalanceSheetAbstract
Defined Benefit Plan, Assets for Plan Benefits, Noncurrent	4,049	3,667
Pension and other postretirement liabilities	(3,498)	(2,998)
Accrued pension and other postretirement benefit costs	(84,548)	(83,305)
DefinedBenefitPlanAmountsRecognizedInBalanceSheet	(83,997)	(82,636)
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTaxAbstract
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax	198,630	203,729
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax	(1,580)	(1,635)
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax	197,050	202,094
DefinedBenefitPlanAmountsThatWillBeAmortizedFromAccumulatedOtherComprehensiveIncomeLossInNextFiscalYearAbstract
DefinedBenefitPlanAmortizationOfNetGainsLosses	11,793	12,373
DefinedBenefitPlanAmortizationOfNetPriorServiceCostCredit	(105)	(50)
DefinedBenefitPlanAccumulatedBenefitObligation	767,461	736,688
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAbstract
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation	733,426	721,626
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation	702,282	683,605
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets	645,380	635,323
Defined Benefit Plan, Assets for Plan Benefits, Noncurrent	4,049	3,667
Domestic Other Post-Employment Benefits Plan
DefinedBenefitPlanChangeInFairValueOfPlanAssetsRollForward
Defined Benefit Plan, Fair Value of Plan Assets, Beginning Balance	0	0
Contributions made by employer	2,250	1,265
DefinedBenefitPlanContributionsByPlanParticipants	266	345
DefinedBenefitPlanBenefitsPaid	(2,516)	(1,610)
Defined Benefit Plan, Fair Value of Plan Assets, Ending Balance	0	0
DefinedBenefitPlanFundedStatusOfPlan	(24,436)	(21,980)
DefinedBenefitPlanAmountsRecognizedInBalanceSheetAbstract
Defined Benefit Plan, Assets for Plan Benefits, Noncurrent	0	0
Pension and other postretirement liabilities	(1,833)	(1,562)
Accrued pension and other postretirement benefit costs	(22,603)	(20,418)
DefinedBenefitPlanAmountsRecognizedInBalanceSheet	(24,436)	(21,980)
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTaxAbstract
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax	(5,178)	(8,846)
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax	(3,373)	(4,030)
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax	(8,551)	(12,876)
DefinedBenefitPlanAmountsThatWillBeAmortizedFromAccumulatedOtherComprehensiveIncomeLossInNextFiscalYearAbstract
DefinedBenefitPlanAmortizationOfNetGainsLosses	(203)	(571)
DefinedBenefitPlanAmortizationOfNetPriorServiceCostCredit	(657)	(657)
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAbstract
Defined Benefit Plan, Assets for Plan Benefits, Noncurrent	$ 0	$ 0

PENSION AND OTHER POSTRETIRE100

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Plan Assumptions) (Detail)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Pension Plans Defined Benefit [Member]
DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingBenefitObligationAbstract
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	3.88%	4.11%
DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationRateOfCompensationIncrease	3.35%	3.36%
DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingNetPeriodicBenefitCostAbstract
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate	4.12%	3.88%
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets	7.81%	7.93%
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostRateOfCompensationIncrease	3.35%	3.37%
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Year That Rate Reaches Ultimate Trend Rate Net Periodic	2,019	2,015
DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingBenefitObligationAbstract
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	4.00%	4.25%
DefinedBenefitPlanAssumedHealthCareCostTrendRatesAbstract
DefinedBenefitPlanHealthCareCostTrendRateAssumedForNextFiscalYear	8.25%	5.70%
DefinedBenefitPlanUltimateHealthCareCostTrendRate	4.50%	5.40%
DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingNetPeriodicBenefitCostAbstract
DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostDiscountRate	4.25%	3.75%
Defined Benefit Plan Assumed Health Care Cost Trend Rates Net Periodic [Abstract]
Defined Benefit Plan Health Care Cost Trend Rate Assumed for Next Fiscal Year Net Periodic	8.75%	5.50%
Defined Benefit Plan Ultimate Health Care Cost Trend Rate Net Periodic	4.50%	4.59%

PENSION (Percentage) (Detail)

PENSION (Percentage) (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Defined Benefit Plan, Effect of One-Percentage Point Change in Assumed Health Care Cost Trend Rates [Abstract]
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnServiceAndInterestCostComponents	$ 30
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnServiceAndInterestCostComponents	(24)
DefinedBenefitPlanEffectOfOnePercentagePointIncreaseOnAccumulatedPostretirementBenefitObligation	444
DefinedBenefitPlanEffectOfOnePercentagePointDecreaseOnAccumulatedPostretirementBenefitObligation	$ (371)

PENSION (Asset Class) (Detail)

PENSION (Asset Class) (Detail)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Domestic Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
DefinedBenefitPlanWeightedAverageAssetAllocations	54.00%	51.00%
DefinedBenefitPlanTargetPlanAssetAllocations	50.00%
DefinedBenefitPlanTargetPlanAssetAllocationsRangeMinimum		40.00%
DefinedBenefitPlanTargetPlanAssetAllocationsRangeMaximum		60.00%
International Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
DefinedBenefitPlanWeightedAverageAssetAllocations	13.00%	14.00%
DefinedBenefitPlanTargetPlanAssetAllocations	15.00%
DefinedBenefitPlanTargetPlanAssetAllocationsRangeMinimum		10.00%
DefinedBenefitPlanTargetPlanAssetAllocationsRangeMaximum		20.00%
EquitySecuritiesMember
Defined Benefit Plan Disclosure [Line Items]
DefinedBenefitPlanWeightedAverageAssetAllocations	67.00%	65.00%
DefinedBenefitPlanTargetPlanAssetAllocations	65.00%
DefinedBenefitPlanTargetPlanAssetAllocationsRangeMinimum		55.00%
DefinedBenefitPlanTargetPlanAssetAllocationsRangeMaximum		75.00%
FixedIncomeFundsMember
Defined Benefit Plan Disclosure [Line Items]
DefinedBenefitPlanWeightedAverageAssetAllocations	33.00%	35.00%
DefinedBenefitPlanTargetPlanAssetAllocations	35.00%
DefinedBenefitPlanTargetPlanAssetAllocationsRangeMinimum		25.00%
DefinedBenefitPlanTargetPlanAssetAllocationsRangeMaximum		45.00%

PENSION (Fair Value) (Detail)

PENSION (Fair Value) (Detail) - USD ($) $ in Thousands		Dec. 31, 2016		Dec. 31, 2015		Dec. 31, 2014
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets		$ 714,608		$ 692,074
CashAndCashEquivalentsMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets		23,979		26,251
EquitySecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	[1]	459,002		435,931
DebtSecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	[2]	219,249		219,417
Alternative Investments [Member]
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	[3]	10,760		9,720
Other Assets [Member]
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	[4]	1,618		755
FairValueInputsLevel1Member
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets		578,403		558,272
FairValueInputsLevel1Member | CashAndCashEquivalentsMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets		4,893		253
FairValueInputsLevel1Member | EquitySecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	[1]	418,390		395,549
FairValueInputsLevel1Member | DebtSecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	[2]	155,120		162,470
FairValueInputsLevel2Member
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets		123,827		123,327
FairValueInputsLevel2Member | CashAndCashEquivalentsMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets		19,086		25,998
FairValueInputsLevel2Member | EquitySecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	[1]	40,612		40,382
FairValueInputsLevel2Member | DebtSecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	[2]	64,129		56,947
FairValueInputsLevel3Member
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets		12,378		10,475		$ 8,940
FairValueInputsLevel3Member | Alternative Investments [Member]
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	[3]	10,760		9,720
FairValueInputsLevel3Member | Other Assets [Member]
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets		$ 1,618	[4]	$ 755	[4]	$ 771
[1]	This category consists of domestic and international equity securities. It is comprised of U.S. securities benchmarked against the S&P 500 index and Russell 2000 index, international mutual funds benchmarked against the MSCI EAFE index, global equity index mutual funds associated with our U.K. based pension plans and balanced funds associated with the U.K. and Canadian based pension plans.
[2]	This category consists of domestic and international equity securities. It is comprised of U.S. securities benchmarked against the S&P 500 index and Russell 2000 index, international mutual funds benchmarked against the MSCI EAFE index, global equity index mutual funds associated with our U.K. based pension plans and balanced funds associated with the U.K. and Canadian based pension plans.(2)This category consists of domestic and international bonds. The domestic fixed income securities are benchmarked against the Barclays Capital Aggregate Bond index,
[3]	This category consists of a guaranteed investment contract (GIC) in Switzerland. Amounts contributed to the plan are guaranteed by a foundation for occupational benefits that in turn entered into a group insurance contract and the foundation pays a guaranteed rate of interest that is reset annually.
[4]	This category consists primarily of real estate investment trusts in Switzerland.

PENSION (Plan Assets) (Detail)

PENSION (Plan Assets) (Detail) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2016		Dec. 31, 2015
FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems
Defined Benefit Plan, Fair Value of Plan Assets, Beginning Balance		$ (692,074)
Defined Benefit Plan, Fair Value of Plan Assets, Ending Balance		714,608		$ 692,074
FairValueInputsLevel3Member
FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems
Defined Benefit Plan, Fair Value of Plan Assets, Beginning Balance		(10,475)		(8,940)
DefinedBenefitPlanActualReturnOnPlanAssetsStillHeld		183		164
DefinedBenefitPlanActualReturnOnPlanAssetsSoldDuringPeriod				2
DefinedBenefitPlanPurchasesSalesAndSettlements		1,966		1,505
DefinedBenefitPlanForeignCurrencyExchangeRateChangesPlanAssets		(246)		(136)
Defined Benefit Plan, Fair Value of Plan Assets, Ending Balance		12,378		10,475
Insurance Contracts [Member] | FairValueInputsLevel3Member
FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems
Defined Benefit Plan, Fair Value of Plan Assets, Beginning Balance		(9,720)		(8,169)
DefinedBenefitPlanActualReturnOnPlanAssetsStillHeld		148		127
DefinedBenefitPlanPurchasesSalesAndSettlements		1,095		1,554
DefinedBenefitPlanForeignCurrencyExchangeRateChangesPlanAssets		(203)		(130)
Defined Benefit Plan, Fair Value of Plan Assets, Ending Balance		10,760		9,720
Other Assets [Member]
FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems
Defined Benefit Plan, Fair Value of Plan Assets, Beginning Balance	[1]	(755)
Defined Benefit Plan, Fair Value of Plan Assets, Ending Balance	[1]	1,618		755
Other Assets [Member] | FairValueInputsLevel3Member
FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationLineItems
Defined Benefit Plan, Fair Value of Plan Assets, Beginning Balance		(755)	[1]	(771)
DefinedBenefitPlanActualReturnOnPlanAssetsStillHeld		35		37
DefinedBenefitPlanActualReturnOnPlanAssetsSoldDuringPeriod				2
DefinedBenefitPlanPurchasesSalesAndSettlements		871		(49)
DefinedBenefitPlanForeignCurrencyExchangeRateChangesPlanAssets		(43)		(6)
Defined Benefit Plan, Fair Value of Plan Assets, Ending Balance	[1]	$ 1,618		$ 755
[1]	This category consists primarily of real estate investment trusts in Switzerland.

PENSION (Future Service) (Detai

PENSION (Future Service) (Detail) $ in Thousands	Dec. 31, 2016USD ($)
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Benefit Payments, Next Twelve Months	$ 51,346
Defined Benefit Plan, Expected Future Benefit Payments, Year Two	52,427
Defined Benefit Plan, Expected Future Benefit Payments, Year Three	55,887
Defined Benefit Plan, Expected Future Benefit Payments, Year Four	55,236
Defined Benefit Plan, Expected Future Benefit Payments, Year Five	54,661
Defined Benefit Plan, Expected Future Benefit Payments, Five Fiscal Years Thereafter	281,964
Pension Plans Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Benefit Payments, Next Twelve Months	49,513
Defined Benefit Plan, Expected Future Benefit Payments, Year Two	50,665
Defined Benefit Plan, Expected Future Benefit Payments, Year Three	54,154
Defined Benefit Plan, Expected Future Benefit Payments, Year Four	53,516
Defined Benefit Plan, Expected Future Benefit Payments, Year Five	52,950
Defined Benefit Plan, Expected Future Benefit Payments, Five Fiscal Years Thereafter	273,753
Domestic Other Post-Employment Benefits Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Benefit Payments, Next Twelve Months	1,833
Defined Benefit Plan, Expected Future Benefit Payments, Year Two	1,762
Defined Benefit Plan, Expected Future Benefit Payments, Year Three	1,733
Defined Benefit Plan, Expected Future Benefit Payments, Year Four	1,720
Defined Benefit Plan, Expected Future Benefit Payments, Year Five	1,711
Defined Benefit Plan, Expected Future Benefit Payments, Five Fiscal Years Thereafter	$ 8,211

PENSION AND OTHER POSTRETIRE106

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Defined Contribution Retirement Plan) (Narrative) (Details) - Curtiss-Wright [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Defined Contribution Retirement Plan [Member] | UNITED STATES
Defined Contribution Plan Disclosure [Line Items]
Expense relating to the defined contribution plan	$ 11.3
Employer contributions made to the defined contribution plan	4.8
Non-elective estimated employer contribution to the defined contribution plan	6.5
Expected cumulative employer contributions to the defined contribution plan	64
Defined Contribution Retirement Plan [Member] | Non-US [Member]
Defined Contribution Plan Disclosure [Line Items]
Pension expense	$ 4.2	$ 4.8	$ 5.7
Maximum [Member]
Defined Contribution Plan Disclosure [Line Items]
Maximum employer contribution match percentage	6.00%
Maximum [Member] | Defined Contribution Retirement Plan [Member] | UNITED STATES
Defined Contribution Plan Disclosure [Line Items]
Maximum employer contribution match percentage	6.00%

PENSION AND POSTRETIREMENT BENE

PENSION AND POSTRETIREMENT BENEFITS (Defined Benefit Plans) (Narrative) (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)pension_plan	Dec. 31, 2015USD ($)
Defined Benefit Plan Disclosure [Line Items]
Number of pension and other post retirement defined benefit plans	10
DomesticPensionandOtherPostretirementDefinedBenefitPlansNumberPensionPlans	3
ForeignPensionandOtherPostretirementDefinedBenefitPlansNumberPensionPlans	7
Domestic Qualified Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Plan assets as a percentage of consolidated assets	88.00%	88.00%
Domestic Qualified Pension Plan | CashAndCashEquivalentsMember
Defined Benefit Plan Disclosure [Line Items]
Plan assets as a percentage of consolidated assets	3.00%	3.00%
Domestic Other Post-Employment Benefits Plan
Defined Benefit Plan Disclosure [Line Items]
Contributions made by employer | $	$ 2,250	$ 1,265
Number of pension and other post retirement defined benefit plans merged into parent plan	3
Domestic Non-Qualified Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Number of pension and other post retirement defined benefit plans	1
Foreign Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets as a percentage of consolidated assets	12.00%
Expected return on assets assumption	3.70%
SWITZERLAND | Foreign Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of pension and other post retirement defined benefit plans	1
United Kingdom [Member] | Foreign Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of pension and other post retirement defined benefit plans	1
GERMANY | Foreign Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of pension and other post retirement defined benefit plans	2
MEXICO | Foreign Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of pension and other post retirement defined benefit plans	2
Canada [Member] | Foreign Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of pension and other post retirement defined benefit plans	1
Curtiss-Wright [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of years of service	1 year
Vesting period	3 years
Period after which accruals will cease	15 years
Curtiss-Wright [Member] | Domestic Qualified Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Number of pension and other post retirement defined benefit plans	1
Noncurrent pension liability | $	$ 40,400	38,100
Discount rate decrease	0.75%
Curtiss-Wright [Member] | Domestic Other Post-Employment Benefits Plan
Defined Benefit Plan Disclosure [Line Items]
Number of pension and other post retirement defined benefit plans	1
Expected employer contributions | $	$ 1,800
Postretirement benefit liability | $	24,400	22,000
Curtiss-Wright [Member] | Domestic Non-Qualified Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Noncurrent pension liability | $	40,400	39,400
Expected employer contributions | $	3,200
Curtiss-Wright [Member] | Foreign Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Noncurrent pension liability | $	3,300	5,100
Expected employer contributions | $	2,600
Total projected benefit obligation | $	$ 91,000	87,800
EMD [Member]
Defined Benefit Plan Disclosure [Line Items]
Percent of employees' gross pay withheld	1.50%
Willams Controls [Member] | Domestic Qualified Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Number of pension and other post retirement defined benefit plans merged into parent plan	2
Other Assets [Member] | Curtiss-Wright [Member] | Domestic Other Post-Employment Benefits Plan
Defined Benefit Plan Disclosure [Line Items]
Discounted receivable | $	$ 400	$ 1,000

LEASES (Detail)

LEASES (Detail) $ in Thousands	Dec. 31, 2016USD ($)
Leases [Abstract]
OperatingLeasesFutureMinimumPaymentsDueCurrent	$ 27,585
OperatingLeasesFutureMinimumPaymentsDueInTwoYears	23,587
OperatingLeasesFutureMinimumPaymentsDueInThreeYears	19,578
OperatingLeasesFutureMinimumPaymentsDueInFourYears	16,202
OperatingLeasesFutureMinimumPaymentsDueInFiveYears	13,094
OperatingLeasesFutureMinimumPaymentsDueThereafter	69,400
OperatingLeasesFutureMinimumPaymentsDue	$ 169,446

LEASES (Narrative) (Detail)

LEASES (Narrative) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating Leased Assets [Line Items]
OperatingLeasesRentExpenseNet	$ 35.3	$ 37	$ 38

SEGMENT INFORMATION (Detail)

SEGMENT INFORMATION (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Net sales	$ 565,566	$ 507,092	$ 532,766	$ 503,507	$ 588,755	$ 525,535	$ 545,194	$ 546,199	$ 2,108,931	$ 2,205,683	$ 2,243,126
Operating income									308,098	310,617	282,373
Depreciation and amortization									96,008	100,810	118,931
Total assets	3,037,781				2,989,611				3,037,781	2,989,611	3,382,448
Capital expenditures related to discontinued operations										200	4,900
Corporate And Other [Member]
Segment Reporting Information [Line Items]
Operating income									(23,215)	(34,790)	(30,312)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Net sales									2,108,931	2,205,683	2,243,126
Operating income									308,098	310,617	282,373
Depreciation and amortization									96,008	99,475	104,925
Total assets	3,037,781				2,989,611				3,037,781	2,989,611	3,382,448
PropertyPlantAndEquipmentAdditions									46,776	35,512	67,115
Operating Segments [Member] | Commercial/Industrial
Segment Reporting Information [Line Items]
Segment Reporting Information, Revenue for Reportable Segment									1,120,326	1,189,120	1,232,696
Operating income									156,550	171,525	178,684
Depreciation and amortization									53,970	55,799	58,276
Total assets	1,391,040				1,480,052				1,391,040	1,480,052	1,543,795
PropertyPlantAndEquipmentAdditions									30,145	21,990	37,329
Operating Segments [Member] | Defense
Segment Reporting Information [Line Items]
Segment Reporting Information, Revenue for Reportable Segment									469,796	479,528	492,094
Operating income									98,291	98,895	82,552
Depreciation and amortization									14,488	15,965	19,530
Total assets	751,859				800,613				751,859	800,613	845,193
PropertyPlantAndEquipmentAdditions									5,870	3,834	5,175
Operating Segments [Member] | Power
Segment Reporting Information [Line Items]
Segment Reporting Information, Revenue for Reportable Segment									524,967	545,013	527,034
Operating income									76,472	74,987	51,449
Depreciation and amortization									23,032	23,419	23,060
Total assets	516,321				629,612				516,321	629,612	579,736
PropertyPlantAndEquipmentAdditions									6,653	6,163	16,057
Operating Segments [Member] | Corporate And Other [Member]
Segment Reporting Information [Line Items]
Operating income									(23,215)	(34,790)	(30,312)
Depreciation and amortization									4,518	4,292	4,059
Total assets	$ 378,561				$ 79,334				378,561	79,334	266,377
PropertyPlantAndEquipmentAdditions									4,108	3,525	8,554
Operating Segments [Member] | Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Segment Reporting Information, Revenue for Reportable Segment									$ (6,158)	$ (7,978)	(8,698)
Operating Segments [Member] | Held-for-sale [Member]
Segment Reporting Information [Line Items]
Total assets											$ 147,347

SEGMENT INFORMATION (Reconcilia

SEGMENT INFORMATION (Reconciliation) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Operating income	$ 308,098	$ 310,617	$ 282,373
Interest expense	(41,248)	(36,038)	(35,794)
Other income, net	1,111	615	365
Earnings before income taxes	267,961	275,194	246,944
Assets
Total assets	3,037,781	2,989,611	3,382,448
Non Segment Cash [Member]
Assets
Total assets	357,021	42,164	247,249
Non Segment Other Assets [Member]
Assets
Total assets	21,540	37,170	19,128
Corporate And Other [Member]
Segment Reporting Information [Line Items]
Operating income	(23,215)	(34,790)	(30,312)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating income	331,313	345,407	312,685
Assets
Total assets	2,659,220	2,910,277	2,968,724
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating income	308,098	310,617	282,373
Assets
Total assets	3,037,781	2,989,611	3,382,448
Operating Segments [Member] | Corporate And Other [Member]
Segment Reporting Information [Line Items]
Operating income	(23,215)	(34,790)	(30,312)
Assets
Total assets	$ 378,561	$ 79,334	266,377
Operating Segments [Member] | Held-for-sale [Member]
Assets
Total assets			$ 147,347

SEGMENT INFORMATION (Geographic

SEGMENT INFORMATION (Geographic) (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
RevenuesFromExternalCustomersAndLongLivedAssetsLineItems
Net sales	$ 565,566	$ 507,092	$ 532,766	$ 503,507	$ 588,755	$ 525,535	$ 545,194	$ 546,199	$ 2,108,931	$ 2,205,683	$ 2,243,126
Property, plant, and equipment, net	388,903				413,644				388,903	413,644	458,919
UNITED STATES
RevenuesFromExternalCustomersAndLongLivedAssetsLineItems
Net sales									1,472,241	1,502,363	1,521,034
Property, plant, and equipment, net	272,826				293,612				272,826	293,612	323,937
United Kingdom [Member]
RevenuesFromExternalCustomersAndLongLivedAssetsLineItems
Net sales									114,752	135,673	145,092
Property, plant, and equipment, net	39,014				36,061				39,014	36,061	45,625
Other Foreign Countries [Member]
RevenuesFromExternalCustomersAndLongLivedAssetsLineItems
Net sales									521,938	567,647	577,000
Property, plant, and equipment, net	$ 77,063				$ 83,971				$ 77,063	$ 83,971	$ 89,357

SEGMENT INFORMATION SEGMENT INF

SEGMENT INFORMATION SEGMENT INFORMATION (Product Line) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Net sales	$ 565,566	$ 507,092	$ 532,766	$ 503,507	$ 588,755	$ 525,535	$ 545,194	$ 546,199	$ 2,108,931	$ 2,205,683	$ 2,243,126
Flow Control [Member]
Segment Reporting Information [Line Items]
Net sales									883,735	949,657	959,907
Controls [Member]
Segment Reporting Information [Line Items]
Net sales									940,162	947,758	953,667
Surface Technologies [Member]
Segment Reporting Information [Line Items]
Net sales									$ 285,034	$ 308,268	$ 329,552

CONTINGENCIES AND COMMITMENTS (

CONTINGENCIES AND COMMITMENTS (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Loss Contingencies [Line Items]
Asset Retirement Obligation	$ 7,000,000
Surety Bond Outstanding	56,000,000
Loss Contingency, Damages Sought, Value	1,000,000,000
Standby letters of credit
Loss Contingencies [Line Items]
Letters of credit	47,200,000	$ 37,300,000
Financial Standby Letter of Credit [Member]
Loss Contingencies [Line Items]
Letters of credit	12,800,000	$ 14,700,000
Failure to Meet Contractual Obligations [Member]
Loss Contingencies [Line Items]
Loss Contingency, Damages Sought, Value	25,000,000
Minimum [Member] | Failure to Meet Contractual Obligations [Member]
Loss Contingencies [Line Items]
Loss Contingency, Range of Possible Loss, Minimum	0
Maximum [Member] | Failure to Meet Contractual Obligations [Member]
Loss Contingencies [Line Items]
Loss Contingency, Range of Possible Loss, Minimum	$ 55,500,000

ACCUMULATED OTHER COMPREHENS115

ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (225,928)	$ (128,411)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(72,732)	(112,350)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	6,904	14,833
Other Comprehensive Income (Loss), Net of Tax	(65,828)	(97,517)	$ (153,670)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(291,756)	(225,928)	(128,411)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(107,810)	(20,283)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(64,840)	(87,527)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0
Other Comprehensive Income (Loss), Net of Tax	(64,840)	(87,527)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(172,650)	(107,810)	(20,283)
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(118,118)	(108,128)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(7,892)	(24,823)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	6,904	14,833
Other Comprehensive Income (Loss), Net of Tax	(988)	(9,990)
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (119,106)	$ (118,118)	$ (108,128)

ACCUMULATED OTHER COMPREHENS116

ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Reclass) (Details) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
		Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Earnings before income taxes										$ 267,961	$ 275,194	$ 246,944
Provision for income taxes										(78,579)	(82,946)	(76,995)
Net earnings		$ 68,615	$ 45,932	$ 39,963	$ 32,819	$ 69,849	$ 33,884	$ 25,737	$ 15,991	187,329	145,461	$ 113,338
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive (Income) Loss, Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service Cost (Credit), before Tax	[1]									703	39
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Gain (Loss), before Tax	[1]									(11,733)	(16,339)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Curtailments, before Tax										0	(7,461)
Earnings before income taxes										(11,030)	(23,761)
Provision for income taxes										4,126	8,928
Net earnings										$ (6,904)	$ (14,833)
[1]	These items are included in the computation of net periodic pension cost. See Note 15, Pension and Other Postretirement Benefit Plans.

QUARTERLY RESULTS OF OPERATI117

QUARTERLY RESULTS OF OPERATIONS (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 565,566	$ 507,092	$ 532,766	$ 503,507	$ 588,755	$ 525,535	$ 545,194	$ 546,199	$ 2,108,931	$ 2,205,683	$ 2,243,126
Gross Profit	208,725	184,476	185,379	171,903	224,314	185,494	182,351	191,096	750,483	783,255	776,516
Earnings from continuing operations	70,668	45,932	39,963	32,819	70,762	38,142	40,121	43,223	189,382	192,248	169,949
Earnings from discontinued operations	(2,053)	0	0	0	(913)	(4,258)	(14,384)	(27,232)	(2,053)	(46,787)	(56,611)
Net earnings	$ 68,615	$ 45,932	$ 39,963	$ 32,819	$ 69,849	$ 33,884	$ 25,737	$ 15,991	$ 187,329	$ 145,461	$ 113,338
Basic earnings per share
Earnings from continuing operations	$ 1.60	$ 1.04	$ 0.90	$ 0.74	$ 1.56	$ 0.82	$ 0.85	$ 0.91	$ 4.27	$ 4.12	$ 3.54
Earnings from discontinued operations	(0.05)	0	0	0	(0.02)	(0.09)	(0.31)	(0.57)	(0.05)	(1)	(1.18)
Total	1.55	1.04	0.90	0.74	1.54	0.73	0.54	0.34	4.22	3.12	2.36
Diluted earnings per share
Earnings from continuing operations	1.58	1.02	0.88	0.73	1.53	0.80	0.83	0.89	4.20	4.04	3.46
Earnings from discontinued operations	(0.05)	0	0	0	(0.02)	(0.09)	(0.30)	(0.56)	(0.05)	(0.99)	(1.15)
Total	$ 1.53	$ 1.02	$ 0.88	$ 0.73	$ 1.51	$ 0.71	$ 0.53	$ 0.33	$ 4.15	$ 3.05	$ 2.31

SUBSEQUENT EVENTS SUBSEQUENT118

SUBSEQUENT EVENTS SUBSEQUENT EVENTS (Details) - USD ($) $ in Thousands	Jan. 04, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Subsequent Event [Line Items]
Payments to acquire business		$ 295	$ 13,228	$ 34,364
Subsequent Event [Member]
Subsequent Event [Line Items]
Payments to acquire business	$ 233,000

SCHEDULE II VALUATION AND QU119

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
ValuationAndQualifyingAccountsDisclosureLineItems
Valuation Allowances and Reserves, Balance, Beginning Balance	$ 17,895	$ 23,478	$ 6,321
ValuationAllowancesAndReservesChargedToCostAndExpense	1,951	2,605	18,535
ValuationAllowancesAndReservesChargedToOtherAccounts	(181)	(299)	(263)
ValuationAllowancesAndReservesDeductions	1,889	7,889	1,115
Valuation Allowances and Reserves, Balance, Ending Balance	17,776	17,895	23,478
ValuationAllowanceOfDeferredTaxAssetsMember
ValuationAndQualifyingAccountsDisclosureLineItems
Valuation Allowances and Reserves, Balance, Beginning Balance	17,895	23,478	6,321
ValuationAllowancesAndReservesChargedToCostAndExpense	1,951	2,605	18,535
ValuationAllowancesAndReservesChargedToOtherAccounts	(181)	(299)	(263)
ValuationAllowancesAndReservesDeductions	1,889	7,889	1,115
Valuation Allowances and Reserves, Balance, Ending Balance	$ 17,776	$ 17,895	$ 23,478