Curtiss-Wright (CW) 10-K 22 Feb 23 2022 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Jan. 31, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	1-134
Entity Registrant Name	CURTISS-WRIGHT CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-0612970
Entity Address, Address Line One	130 Harbour Place Drive, Suite 300
Entity Address, City or Town	Davidson,
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28036
City Area Code	704
Local Phone Number	869-4600
Title of 12(b) Security	Common Stock
Trading Symbol	CW
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 4,500
Entity Common Stock, Shares Outstanding		38,274,724
Documents Incorporated by Reference	Portions of the Proxy Statement of the Registrant with respect to the 2023 Annual Meeting of Stockholders to be held on May 4, 2023 are incorporated by reference into Part III of this Form 10-K.
Entity Central Index Key	0000026324
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Audit Information [Abstract]
Auditor Name	Deloitte & Touche LLP
Auditor Firm ID	34
Auditor Location	Morristown, New Jersey

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net Sales
Net Sales	$ 2,557,025	$ 2,505,931	$ 2,391,336
Cost of Revenue [Abstract]
Cost of Goods and Services Sold	1,602,416	1,572,575	1,550,109
Gross profit	954,609	933,356	841,227
Research and development expenses	80,836	88,489	74,816
Selling expenses	121,586	116,956	109,537
General and administrative expenses	324,093	326,140	303,288
Loss on Disposition of Business	4,651	0	0
Impairment of assets held for sale	0	19,088	33,043
Restructuring expenses	0	0	31,695
Operating income	423,443	382,683	288,848
Interest expense	46,980	40,240	35,545
Other income, net	12,732	12,067	9,748
Earnings before income taxes	389,195	354,510	263,051
Provision for income taxes	(94,847)	(87,351)	(61,659)
Net earnings	$ 294,348	$ 267,159	$ 201,392
Basic earnings per share
Basic earnings per share	$ 7.67	$ 6.61	$ 4.83
Diluted earnings per share
Diluted earnings per share	7.62	6.58	4.80
Dividends per share	$ 0.75	$ 0.71	$ 0.68
Weighted average shares outstanding:
Basic	38,386	40,417	41,738
Diluted	38,649	40,602	41,999
Product [Member]
Net Sales
Net Sales	$ 2,135,882	$ 2,109,617	$ 2,041,086
Cost of Revenue [Abstract]
Cost of Goods and Services Sold	1,348,569	1,330,191	1,319,562
Service [Member]
Net Sales
Net Sales	421,143	396,314	350,250
Cost of Revenue [Abstract]
Cost of Goods and Services Sold	$ 253,847	$ 242,384	$ 230,547

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net earnings		$ 294,348	$ 267,159	$ 201,392
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Foreign currency translation, net of tax	[1]	(61,241)	(10,829)	41,282
Pension and postretirement adjustments, net of tax	[2]	(7,210)	131,220	(26,864)
Other Comprehensive Income (Loss), Net of Tax		(68,451)	120,391	14,418
Comprehensive Income		$ 225,897	$ 387,550	$ 215,810
[1]The tax benefit (expense) included in other comprehensive income for foreign currency translation adjustments for 2022, 2021, and 2020 was immaterial.[2]The tax benefit (expense) included in other comprehensive income for pension and postretirement adjustments for 2022, 2021, and 2020 was $3.1 million, ($42.3) million, and $8.3 million, respectively.

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax	$ 3.1	$ (42.3)	$ 8.3

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents	$ 256,974	$ 171,004
Receivables, net	724,603	647,148
Inventories, net	483,113	411,567
Assets held for sale	0	10,988
Other current assets	52,623	67,101
Total current assets	1,517,313	1,307,808
Property, plant, and equipment, net	342,708	360,031
Goodwill	1,544,635	1,463,026
Other intangible assets, net	620,897	538,077
Operating lease right-of-use assets, net	153,855	143,613
Pension asset	222,627	256,422
Other assets	47,567	34,568
Total assets	4,449,602	4,103,545
Current liabilities:
Current portion of long-term debt and short-term debt	202,500	0
Accounts payable	266,525	211,640
Accrued expenses	177,536	147,701
Deferred revenue	242,483	260,157
Disposal Group, Including Discontinued Operation, Liabilities, Current	0	12,655
Other current liabilities	82,395	102,714
Total current liabilities	971,439	734,867
Long-Term Debt, Excluding Current Maturities	1,051,900	1,050,610
Deferred tax liabilities, net	123,001	147,349
Accrued pension and other postretirement benefit costs	58,348	91,329
Operating lease, Long-term operating lease liability	132,275	127,152
Long-term portion of environmental reserves	12,547	13,656
Other liabilities	107,973	112,092
Total liabilities	2,457,483	2,277,055
Stockholders' Equity
Common stock, $1 par value, 100,000,000 shares authorized as of December 31, 2022 and December 31, 2021; 49,187,378 shares issued as of December 31, 2022 and December 31, 2021; outstanding shares were 38,259,722 as of December 31, 2022 and 38,469,778 as of December 31, 2021	49,187	49,187
Additional paid in capital	134,553	127,104
Retained earnings	3,174,396	2,908,827
Accumulated other comprehensive loss	(258,916)	(190,465)
Common treasury stock, at cost (10,927,656 shares as of December 31, 2022 and 10,717,600 shares as of December 31, 2021)	(1,107,101)	(1,068,163)
Total stockholders' equity	1,992,119	1,826,490
Total liabilities and stockholders' equity	$ 4,449,602	$ 4,103,545

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common Stock Par Value	$ 1	$ 1
CommonStockSharesIssued	49,187,378	49,187,378
CommonStockSharesOutstanding	38,259,722	38,469,778
Common stock authorized	100,000,000	100,000,000
TreasuryStockShares	10,927,656	10,717,600

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net earnings	$ 294,348	$ 267,159	$ 201,392
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	112,027	114,384	115,903
Loss on Disposition of Business	4,651	0	0
Impairment of assets held for sale	0	19,088	33,043
(Gain) on sale/disposal of long-lived assets	(4,671)	(568)	0
Deferred income taxes	(23,635)	(10,200)	(7,048)
Share-based compensation	15,384	13,450	14,437
Foreign Currency Transaction Gain (Loss), before Tax	0	0	9,351
Restructuring Costs, Noncash	0	0	15,628
Change in operating assets and liabilities, net of businesses acquired and divested:
Accounts receivable, net	(74,798)	(59,372)	71,147
Inventories, net	(60,620)	15,321	15,535
Progress Payments	(3,099)	(3,672)	(7,689)
Accounts payable and accrued expenses	42,493	17,713	(55,513)
Deferred revenue	(17,646)	9,584	(33,179)
Income taxes	55,847	(12,988)	15,171
Net pension and postretirement liabilities	(15,049)	(1,236)	(153,375)
Other current and long-term assets and liabilities	(30,456)	19,005	26,377
Net cash provided by operating activities	294,776	387,668	261,180
Cash flows from investing activities:
Proceeds from sales and disposals of long-lived assets	9,841	4,045	2,930
Payments to Acquire Investments	(10,000)	0	0
Additions to property, plant, and equipment	(38,217)	(41,108)	(47,499)
Payments to Acquire Businesses, Net of Cash Acquired	(282,429)	0	(487,944)
Payments for Previous Acquisition	(5,062)	(5,340)	0
Payments for (Proceeds from) Other Investing Activities	0	0	17
Net cash used for investing activities	(325,867)	(42,403)	(532,530)
Cash flows from financing activities:
Borrowings under revolving credit facilities	1,697,647	455,950	570,675
Payment of revolving credit facilities	(1,791,547)	(362,050)	(570,675)
Borrowings of debt	300,000	0	300,000
Principal payments on debt	0	(100,000)	0
Repurchases of company stock	(56,870)	(343,129)	(200,018)
Proceeds from share-based compensation plans	9,997	9,705	11,148
Dividends paid	(28,779)	(28,660)	(28,175)
Other	(1,020)	(945)	(874)
Net cash provided by (used for) financing activities	129,428	(369,129)	82,081
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations	(12,367)	(3,380)	(3,516)
Net increase (decrease) in cash and cash equivalents	85,970	(27,244)	(192,785)
Cash and cash equivalents at beginning of period	171,004	198,248	391,033
Cash and cash equivalents at end of period	$ 256,974	$ 171,004	$ 198,248

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, 2019		$ 49,187	$ 116,070	$ 2,497,111	$ (325,274)	$ (562,722)
Net earnings	$ 201,392			201,392
Other Comprehensive Income (Loss), Net of Tax	14,418				14,418
Dividends paid				(28,175)
Restricted Stock			(4,115)			4,115
Stock options exercised, net			(3,286)			14,434
Share-based compensation			14,383			54
Repurchase of common stock						(200,018)
Other			(517)	0		517
Ending Balance at Dec. 31, 2020		49,187	122,535	2,670,328	(310,856)	(743,620)
Net earnings	267,159			267,159
Other Comprehensive Income (Loss), Net of Tax	120,391				120,391
Dividends paid				(28,660)
Restricted Stock			(9,007)			9,007
Stock options exercised, net			877			8,828
Share-based compensation			13,296			154
Repurchase of common stock						(343,129)
Other			(597)			597
Ending Balance at Dec. 31, 2021	1,826,490	49,187	127,104	2,908,827	(190,465)	(1,068,163)
Net earnings	294,348
Other Comprehensive Income (Loss), Net of Tax	(68,451)				(68,451)
Dividends paid				(28,779)
Restricted Stock			(8,523)			8,523
Stock Issued During Period, Value, Employee Stock Purchase Plan			1,273			8,724
Share-based compensation			15,205			179
Repurchase of common stock						(56,870)
Other			(506)			506
Ending Balance at Dec. 31, 2022	$ 1,992,119	$ 49,187	$ 134,553	$ 3,174,396	$ (258,916)	$ (1,107,101)

STATEMENT OF STOCKHOLDERS' EQ_2

STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical) - shares shares in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Stockholders' Equity [Abstract]
Treasury Stock, Shares, Acquired	0.4	2.7	2

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations Curtiss-Wright Corporation and its subsidiaries (the Corporation or the Company) is a global integrated business that provides highly engineered products, solutions, and services mainly to aerospace & defense markets, as well as critical technologies in demanding commercial power, process, and 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 on certain contracts using the over-time revenue recognition accounting method, cash flow estimates used for testing the recoverability of assets, pension plan and postretirement obligation assumptions, estimates for inventory obsolescence, fair value estimates around assets and assumed liabilities from acquisitions, estimates for the valuation and useful lives of intangible assets, legal reserves, and the estimate of future environmental costs. Actual results may differ from these estimates. Cash and Cash Equivalents Cash equivalents consist of money market funds and commercial paper that are readily convertible into cash, all with original maturity dates of three months or less. Inventory Inventories are stated at lower of cost or net realizable value. Production costs are comprised of direct material and labor and applicable manufacturing overhead. Progress Payments Certain long-term contracts provide for interim billings as costs are incurred on the respective contracts. Pursuant to contract provisions, agencies of the U.S. Government and other customers obtain control of promised goods or services to the extent that progress payments are received. Accordingly, these receipts have been reported as a reduction of unbilled receivables as presented in Note 5 to the Consolidated Financial Statements. In the event that progress payments received exceed revenue recognized to date on a specific contract, a contract liability has been established with such amount reported in the "Deferred revenue" line within the Consolidated Balance Sheet. The Corporation also receives progress payments on development contracts related to certain aerospace and defense programs. Progress payments received on partially funded development contracts have been reported as a reduction of inventories, as presented in Note 6 to the Consolidated Financial Statements. Property, Plant, and Equipment Property, plant, and equipment are carried at cost less accumulated depreciation. Major renewals and betterments are capitalized, while maintenance and repairs that do not improve or extend the life of the asset are expensed in the period that they are incurred. Depreciation is computed using the straight-line method 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 See Note 7 to the Consolidated Financial Statements for further information on property, plant, and equipment. Intangible Assets Intangible assets are generally the result of acquisitions and consist primarily of purchased technology, customer related intangibles, trademarks, and technology licenses. Intangible assets are amortized on a straight-line basis over their estimated useful lives, which range from 1 to 20 years. See Note 9 to the Consolidated Financial Statements for further information on other intangible assets. Impairment of Long-Lived Assets The Corporation reviews the recoverability of all long-lived assets, including the related useful lives, whenever events or changes in circumstances indicate that the carrying amount of a long-lived asset might not be recoverable. If required, the Corporation compares the estimated fair value determined by either the undiscounted future net cash flows or appraised value to the related asset’s carrying value to determine whether there has been an impairment. If an asset is considered impaired, the asset is written down to fair value in the period in which the impairment becomes known. The Corporation recognized no significant impairment charges on assets held in use during the years ended December 31, 2022, 2021, and 2020. Goodwill Goodwill results from business acquisitions. The Corporation accounts for business acquisitions by allocating the purchase price to the tangible and intangible assets acquired and liabilities assumed. Assets acquired and liabilities assumed are recorded at their fair values, and the excess of the purchase price over the amounts allocated is recorded as goodwill. The recoverability of goodwill is subject to an annual impairment test or whenever an event occurs or circumstances change that would more likely than not result in an impairment. The impairment test is based on the estimated fair value of the underlying businesses. The Corporation’s goodwill impairment test is performed annually in the fourth quarter of each year. See Note 8 to the Consolidated Financial Statements for further information on goodwill. Fair Value of Financial Instruments Accounting guidance requires certain disclosures regarding the fair value of financial instruments. Due to the short maturities of cash and cash equivalents, accounts receivable, accounts payable, and accrued expenses, the net book value of these financial instruments is deemed to approximate fair value. See Notes 11 and 14 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 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 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 13 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 primarily affected by foreign currency exchange rate fluctuations. (Gains) and losses from foreign currency transactions are included in general and administrative expenses in the Consolidated Statement of Earnings, which amounted to ($2.6) million, $1.8 million, and $3.9 million for the years ended December 31, 2022, 2021, and 2020, 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 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. 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.

REVENUE

REVENUE	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	2. REVENUE The Corporation accounts for revenues in accordance with ASC 606, Revenue from Contracts with Customers . Under ASC 606, revenue is recognized when control of a promised good and/or service is transferred to a customer at a transaction price that reflects the consideration that the Corporation expects to be entitled to in exchange for that good and/or service. Performance Obligations The Corporation identifies a performance obligation for each promise in a contract to transfer a distinct good or service to the customer. As part of its assessment, the Corporation considers all goods and/or services promised in the contract, regardless of whether they are explicitly stated or implied by customary business practices. The Corporation’s contracts may contain either a single performance obligation, including the promise to transfer individual goods or services that are not separately distinct within the context of the respective contracts, or multiple performance obligations. For contracts with multiple performance obligations, the Corporation allocates the overall transaction price to each performance obligation using standalone selling prices, where available, or utilizes estimates for each distinct good or service in the contract where standalone prices are not available. In certain instances, the transaction price may include estimated amounts of variable consideration including but not limited to incentives, awards, price escalations, liquidated damages, and penalties, only to the extent that it is probable that a significant reversal of cumulative revenue recognized to date around such variable consideration will not occur. The Corporation estimates variable consideration to be included in the transaction price using either the expected value method or most likely amount method, contingent upon the facts and circumstances of the specific arrangement. Variable consideration associated with the Corporation’s respective arrangements is not typically constrained. The Corporation’s performance obligations are satisfied either at a point-in-time or on an over-time basis. Typically, over-time revenue recognition is based on the utilization of an input measure used to measure progress, such as costs incurred to date relative to total estimated costs. Changes in total estimated costs are recognized using the cumulative catch-up method of accounting which recognizes the cumulative effect of the changes on current and prior periods in the current period. Accordingly, the effect of the changes on future periods of contract performance is recognized as if the revised estimate had been the original estimate. A significant change in an estimate on one or more contracts could have a material effect on the Corporation's consolidated financial position, results or operations, or cash flows. There were no significant changes in estimated contract costs during 2022, 2021, or 2020. If a performance obligation does not qualify for over-time revenue recognition, revenue is then recognized at the point-in-time in which control of the distinct good or service is transferred to the customer, typically based upon the terms of delivery. The following table illustrates the approximate percentage of revenue recognized for performance obligations satisfied over-time versus at a point-in-time for the years ended December 31, 2022, 2021, and 2020: Year Ended December 31, 2022 2021 2020 Over-time 51 % 50 % 52 % Point-in-time 49 % 50 % 48 % Contract backlog represents the remaining performance obligations that have not yet been recognized as revenue. Backlog includes deferred revenue and amounts that will be invoiced and recognized as revenue in future periods. Total backlog was approximately $2.6 billion as of December 31, 2022, of which the Corporation expects to recognize approximatel y 89% as net sales over the next 36 months. The remainder will be recognized thereafter. Disaggregation of Revenue The following table presents the Corporation’s total net sales disaggregated by end market and customer type: Total Net Sales by End Market and Customer Type Year Ended December 31, (In thousands) 2022 2021 2020 Aerospace & Defense Aerospace Defense $ 479,743 $ 452,661 $ 463,690 Ground Defense 219,739 220,290 107,448 Naval Defense 694,015 710,688 692,152 Commercial Aerospace 276,519 267,722 325,518 Total Aerospace & Defense Customers $ 1,670,016 $ 1,651,361 $ 1,588,808 Commercial Power & Process $ 472,300 $ 473,489 $ 474,842 General Industrial 414,709 381,081 327,686 Total Commercial Customers $ 887,009 $ 854,570 $ 802,528 Total $ 2,557,025 $ 2,505,931 $ 2,391,336 Contract Balances Timing of revenue recognition and cash collection may result in billed receivables, unbilled receivables (contract assets), and deferred revenue (contract liabilities) on the Consolidated Balance Sheet. The Corporation’s contract assets primarily relate to its rights to consideration for work completed but not billed as of the reporting date. Contract assets are transferred to billed receivables when the rights to consideration become unconditional. This is typical in situations where amounts are billed as work progresses in accordance with agreed-upon contractual terms or upon achievement of contractual milestones. The Corporation’s contract liabilities primarily consist of customer advances received prior to revenue being earned. Revenues recognized for the years ended December 31, 2022, 2021, and 2020 included in the contract liabilities balance at the beginning of the respective years were approximately $219 million, $210 million, and $224 million, respectively. Changes in contract assets and contract liabilities as of December 31, 2022 were not materially impacted by any other factors. Contract assets and contract liabilities are reported in the "Receivables, net" and "Deferred revenue" lines, respectively, within the Consolidated Balance Sheet.

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Dec. 31, 2022
Business Combinations [Abstract]
ACQUISITIONS	3. 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 numerous 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. 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. For the year ended December 31, 2022, the Corporation acquired two businesses for an aggregate purchase price of $282 million, net of cash acquired. The Corporation's current period acquisitions contributed $45 million of total net sales and $1 million of net losses for the year ended December 31, 2022 which are included in the Consolidated Statement of Earnings. Also, the Corporation paid $5 million during the year ended December 31, 2022 for the final portion of the purchase price on the acquisition of Dyna-Flo Control Valve Services Ltd. (Dyna-Flo), which was initially held back as security for potential indemnification claims against the seller in accordance with the terms of the Purchase Agreement. For the year ended December 31, 2021, the Corporation did not complete any acquisitions. However, the Corporation paid $5 million during the year ended December 31, 2021 in regard to prior period acquisitions, which included a working capital adjustment on the acquisition of Pacific Star Communications, Inc. (PacStar), as well as a portion of the purchase price on the Dyna-Flo acquisition. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for all acquisitions consummated: (In thousands) 2022 Accounts receivable $ 10,567 Inventory 24,088 Property, plant, and equipment 4,190 Intangible assets 147,074 Operating lease right-of-use assets, net 5,103 Other current and non-current assets 2,078 Current and non-current liabilities (17,264) Net tangible and intangible assets 175,836 Goodwill 106,593 Total Purchase price $ 282,429 Goodwill deductible for tax purposes $ 106,593 2022 Acquisitions Keronite Group Limited ("Keronite") On November 15, 2022, the Corporation completed the acquisition of Keronite for $34 million. The Purchase Agreement contains representations and warranties customary for a transaction of this type. The acquired business is a provider of Plasma Electrolytic Oxidation surface treatment applications and will operate within the Aerospace & Industrial segment . The acquisition is subject to post-closing adjustments with the purchase price allocation not yet complete. Safran Aerosystems Arresting Company ("arresting systems acquisition") On June 30, 2022, the Corporation completed its arresting systems acquisition for $249 million. The Purchase Agreement contains a purchase price adjustment mechanism and representations and warranties customary for a transaction of this type. The acquired business is a designer and manufacturer of mission-critical, fixed-wing aircraft emergency arresting system, and operates within the Naval & Power segment . The acquisition is subject to post-closing adjustments with the purchase price allocation not yet complete.

ASSETS HELD FOR SALE

ASSETS HELD FOR SALE	12 Months Ended
	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
ASSETS HELD FOR SALE	4. ASSETS HELD FOR SAL E During the fourth quarter of 2020, the Corporation committed to a plan to sell its industrial valve business in Germany, which met the criteria to be classified as held for sale at that time. Accordingly, the assets and liabilities of the business were presented as held for sale in the Corporation's Consolidated Balance Sheet, which resulted in impairment losses of $19 million and $33 million for the years ended December 31, 2021 and 2020, respectively. In January 2022, the Corporation completed the sale of its industrial valve business in Germany, which was presented as held for sale in the Corporation's Consolidated Balance Sheet as of December 31, 2021, for gross cash proceeds of $3 million. The Corporation recorded a loss of $5 million upon sale closing during the first quarter of 2022.

RECEIVABLES

RECEIVABLES	12 Months Ended
	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
RECEIVABLES	5. RECEIVABLES Receivables include current notes, amounts billed to customers, claims, other receivables, and unbilled revenue on long-term contracts, which consists of amounts recognized as sales but not billed. Substantially all amounts of unbilled receivables are expected to be billed and collected in the subsequent year. An immaterial amount of billed receivables are subject to retainage provisions. The amount of claims and unapproved change orders within our receivables balances is immaterial. 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 54% and 55% of total net sales in 2022 and 2021, respectively. Total receivables due from government sources (primarily the U.S Government) were $474.5 million and $401.0 million as of December 31, 2022 and 2021, respectively. Government (primarily the U.S. Government) unbilled receivables, net of progress payments, were $280.6 million and $253.5 million as of December 31, 2022 and 2021, respectively. The composition of receivables as of December 31 is as follows: (In thousands) 2022 2021 Billed receivables: Trade and other receivables $ 412,682 $ 362,007 Unbilled receivables: Recoverable costs and estimated earnings not billed 316,682 291,758 Less: Progress payments applied (67) (1,297) Net unbilled receivables 316,615 290,461 Less: Allowance for doubtful accounts (4,694) (5,320) Receivables, net $ 724,603 $ 647,148

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2022
Inventory, Net [Abstract]
INVENTORIES	6. INVENTORIES Inventoried costs contain amounts relating to long-term contracts and programs with long production cycles, a portion of which will not be realized within one year. The caption "Inventoried costs related to U.S. Government and other long-term contracts" includes an immaterial amount of claims or other similar items subject to uncertainty concerning their determination or realization. Inventories are valued at the lower of cost or net realizable value. The composition of inventories as of December 31 is as follows: (In thousands) 2022 2021 Raw materials $ 242,116 $ 191,066 Work-in-process 76,328 78,221 Finished goods 128,090 98,944 Inventoried costs related to U.S. Government and other long-term contracts (1) 39,685 48,619 Inventories, net of reserves 486,219 416,850 Less: Progress payments applied (3,106) (5,283) Inventories, net $ 483,113 $ 411,567 (1) As of December 31, 2022, this caption also includes capitalized development costs of $16.8 million related to certain aerospace and defense programs. These capitalized costs will be liquidated as units are produced and sold under contract. As of December 31, 2022, capitalized development costs of $11.0 million are not currently supported by existing firm orders.

PROPERTY, PLANT, AND EQUIPMENT

PROPERTY, PLANT, AND EQUIPMENT	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT, AND EQUIPMENT	7. PROPERTY, PLANT, AND EQUIPMENT The composition of property, plant, and equipment as of December 31 is as follows: (In thousands) 2022 2021 Land $ 16,880 $ 17,615 Buildings and improvements 252,713 239,217 Machinery, equipment, and other 866,761 885,970 Property, plant, and equipment, at cost 1,136,354 1,142,802 Less: Accumulated depreciation (793,646) (782,771) Property, plant, and equipment, net $ 342,708 $ 360,031 Depreciation expense for the years ended December 31, 2022, 2021, and 2020 was $51 million, $55 million, and $55 million, respectively.

GOODWILL

GOODWILL	12 Months Ended
	Dec. 31, 2022
Goodwill [Abstract]
GOODWILL	8. GOODWILL The changes in the carrying amount of goodwill for 2022 and 2021 are as follows: (In thousands) Aerospace & Industrial Defense Electronics Naval & Power Consolidated December 31, 2020 $ 316,921 $ 703,915 $ 434,301 $ 1,455,137 Adjustments (1) — 12,943 — 12,943 Foreign currency translation adjustment (774) (2,844) (1,436) (5,054) December 31, 2021 $ 316,147 $ 714,014 $ 432,865 $ 1,463,026 Acquisitions 12,445 — 94,148 106,593 Adjustments — 967 — 967 Foreign currency translation adjustment (7,042) (12,195) (6,714) (25,951) December 31, 2022 $ 321,550 $ 702,786 $ 520,299 $ 1,544,635 (1) Amount primarily relates to post-closing adjustments on the Corporation's acquisition of PacStar in October 2020. 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, 2022, 2021, and 2020 and concluded that there was no impairment of goodwill.

OTHER INTANGIBLE ASSETS, NET

OTHER INTANGIBLE ASSETS, NET	12 Months Ended
	Dec. 31, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]
OTHER INTANGIBLE ASSETS, NET	9. OTHER INTANGIBLE ASSETS, NET Intangible assets are generally the result of acquisitions and consist primarily of purchased technology, customer related intangibles, and trademarks. Intangible assets are amortized over useful lives that generally range between 1 and 20 years. The following tables present the cumulative composition of the Corporation’s intangible assets as of December 31, 2022 and December 31, 2021, respectively. 2022 2021 (In thousands) Gross Accumulated Amortization Net Gross Accumulated Amortization Net Technology $ 306,160 $ (176,675) $ 129,485 $ 274,615 $ (164,077) $ 110,538 Customer-related intangibles 666,638 (298,160) 368,478 568,720 (270,816) 297,904 Programs (1) 144,000 (34,200) 109,800 144,000 (27,000) 117,000 Other intangible assets 53,879 (40,745) 13,134 49,559 (36,924) 12,635 Total $ 1,170,677 $ (549,780) $ 620,897 $ 1,036,894 $ (498,817) $ 538,077 (1) Programs include values assigned to major programs of acquired businesses and represent the aggregate value associated with the customer relationships, contracts, technology, and trademarks underlying the associated program. During the year ended December 31, 2022, the Corporation acquired intangible assets of $147 million as a result of the Corporation's Keronite and arresting systems acquisitions, which included Customer-related intangibles of $106 million, Technology of $36 million, and Other intangible assets of $5 million. The weighted average amortization periods for these aforementioned intangible assets are 16.1 years, 14.9 years, and 10.0 years, respectively. During the year ended December 31, 2021, the Corporation did not acquire any intangible assets. However, as a result of finalizing the purchase price allocation related to the Corporation's acquisition of PacStar, approximately $12 million of intangible assets were reclassified to goodwill during 2021. Amortization expense for the years ended December 31, 2022, 2021, and 2020 was $61 million, $60 million, and $61 million, respectively. The estimated future amortization expense of intangible assets over the next five years is as follows: (In millions) 2023 $ 65 2024 $ 56 2025 $ 54 2026 $ 53 2027 $ 50

LEASES

LEASES	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Leases, Operating	10. 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 machinery and office equipment under operating leases. Our leases have remaining lease terms ranging from approximately 1 year to 15 years, some of which include options for renewals, escalations, or terminations. Rental expenses for all operating leases amounted to $42 million, $42 million, and $41 million for the years ended December 31, 2022, 2021, and 2020, respectively. Generally, the Corporation's lease contracts do not provide a readily determinable interest rate. Accordingly, the Corporation determines the incremental borrowing rate as of the lease commencement date in order to calculate the present value of its lease payments. The incremental borrowing rate is determined based on information available at the lease commencement date, including the lease term, market rates for the Corporation’s outstanding debt, as well as market rates for debt of companies with similar credit ratings. The components of lease expense were as follows: Year Ended (In thousands) December 31, 2022 December 31, 2021 Operating lease cost $ 42,125 $ 41,663 Finance lease cost: Depreciation of finance leases $ 1,037 $ 1,037 Interest on lease liabilities 390 431 Total finance lease cost $ 1,427 $ 1,468 Supplemental cash flow information related to leases was as follows: Year Ended (In thousands) December 31, 2022 December 31, 2021 Cash used for operating activities: Operating cash flows used for operating leases $ (34,186) $ (33,352) Operating cash flows used for finance leases (390) (431) Non-cash activity: Right-of-use assets obtained in exchange for operating lease obligations $ 17,740 $ 9,040 Supplemental balance sheet information related to leases was as follows: As of December 31, (In thousands, except lease term and discount rate) 2022 2021 Operating Leases Operating lease right-of-use assets, net $ 153,855 $ 143,613 Other current liabilities $ 29,910 $ 25,389 Long-term operating lease liability 132,275 127,152 Total operating lease liabilities $ 162,185 $ 152,541 Finance Leases Property, plant, and equipment $ 15,561 $ 15,561 Accumulated depreciation (8,645) (7,608) Property, plant, and equipment, net $ 6,916 $ 7,953 Other current liabilities $ 1,098 $ 1,019 Other liabilities 7,924 9,022 Total finance lease liabilities $ 9,022 $ 10,041 Weighted average remaining lease term Operating leases 7.5 years 8.3 years Finance leases 6.7 years 7.7 years Weighted average discount rate Operating leases 3.80 % 3.51 % Finance leases 4.05 % 4.05 % Maturities of lease liabilities were as follows: As of December 31, 2022 (In thousands) Operating Leases Finance Leases 2023 $ 35,688 $ 1,445 2024 32,830 1,481 2025 25,728 1,518 2026 21,025 1,556 2027 15,787 1,595 Thereafter 57,854 2,743 Total lease payments 188,912 10,338 Less: imputed interest (26,727) (1,316) Total $ 162,185 $ 9,022
Leases, Finance	10. 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 machinery and office equipment under operating leases. Our leases have remaining lease terms ranging from approximately 1 year to 15 years, some of which include options for renewals, escalations, or terminations. Rental expenses for all operating leases amounted to $42 million, $42 million, and $41 million for the years ended December 31, 2022, 2021, and 2020, respectively. Generally, the Corporation's lease contracts do not provide a readily determinable interest rate. Accordingly, the Corporation determines the incremental borrowing rate as of the lease commencement date in order to calculate the present value of its lease payments. The incremental borrowing rate is determined based on information available at the lease commencement date, including the lease term, market rates for the Corporation’s outstanding debt, as well as market rates for debt of companies with similar credit ratings. The components of lease expense were as follows: Year Ended (In thousands) December 31, 2022 December 31, 2021 Operating lease cost $ 42,125 $ 41,663 Finance lease cost: Depreciation of finance leases $ 1,037 $ 1,037 Interest on lease liabilities 390 431 Total finance lease cost $ 1,427 $ 1,468 Supplemental cash flow information related to leases was as follows: Year Ended (In thousands) December 31, 2022 December 31, 2021 Cash used for operating activities: Operating cash flows used for operating leases $ (34,186) $ (33,352) Operating cash flows used for finance leases (390) (431) Non-cash activity: Right-of-use assets obtained in exchange for operating lease obligations $ 17,740 $ 9,040 Supplemental balance sheet information related to leases was as follows: As of December 31, (In thousands, except lease term and discount rate) 2022 2021 Operating Leases Operating lease right-of-use assets, net $ 153,855 $ 143,613 Other current liabilities $ 29,910 $ 25,389 Long-term operating lease liability 132,275 127,152 Total operating lease liabilities $ 162,185 $ 152,541 Finance Leases Property, plant, and equipment $ 15,561 $ 15,561 Accumulated depreciation (8,645) (7,608) Property, plant, and equipment, net $ 6,916 $ 7,953 Other current liabilities $ 1,098 $ 1,019 Other liabilities 7,924 9,022 Total finance lease liabilities $ 9,022 $ 10,041 Weighted average remaining lease term Operating leases 7.5 years 8.3 years Finance leases 6.7 years 7.7 years Weighted average discount rate Operating leases 3.80 % 3.51 % Finance leases 4.05 % 4.05 % Maturities of lease liabilities were as follows: As of December 31, 2022 (In thousands) Operating Leases Finance Leases 2023 $ 35,688 $ 1,445 2024 32,830 1,481 2025 25,728 1,518 2026 21,025 1,556 2027 15,787 1,595 Thereafter 57,854 2,743 Total lease payments 188,912 10,338 Less: imputed interest (26,727) (1,316) Total $ 162,185 $ 9,022

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2022
Fair Value Of Financial Instruments [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	11. FAIR VALUE OF FINANCIAL INSTRUMENTS Forward Foreign Exchange and Currency Option Contracts The Corporation has foreign currency exposure, primarily in the United Kingdom, Canada, and Europe. The Corporation uses financial instruments, such as forward and option contracts, to hedge a portion of existing and anticipated foreign currency denominated transactions. The purpose of the Corporation’s foreign currency risk management program is to reduce volatility in earnings caused by exchange rate fluctuations. Guidance on accounting for derivative instruments and hedging activities requires companies to recognize all of the derivative financial instruments as either assets or liabilities at fair value in the Consolidated Balance Sheets. Interest Rate Risks and Related Strategies The Corporation’s primary interest rate exposure results from changes in U.S. dollar interest rates. The Corporation’s policy is to manage interest cost using a mix of fixed and variable rate debt. The Corporation periodically uses interest rate swaps to manage such exposures. Under these interest rate swaps, the Corporation exchanges, at specified intervals, the difference between fixed and floating interest amounts calculated by reference to an agreed-upon notional principal amount. The Corporation’s foreign exchange contracts and interest rate swaps are considered Level 2 instruments which are based on market based inputs or unobservable inputs and corroborated by market data such as quoted prices, interest rates, or yield curves. For interest rate swaps designated as fair value hedges (i.e., hedges against the exposure to changes in the fair value of an asset or a liability or an identified portion thereof that is attributable to a particular risk), changes in the fair value of the interest rate swaps offset changes in the fair value of the fixed rate debt due to changes in market interest rates. Effects on Consolidated Balance Sheet As of December 31, 2022 and December 31, 2021, the fair values of the asset and liability derivative instruments were immaterial. Effects on Consolidated Statement of Earnings 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) 2022 2021 2020 Forward exchange contracts: General and administrative expenses $ 8,378 $ 1,499 $ 2,312 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, 2022. The fair values of our debt instruments are characterized as Level 2 measurements which are based on market-based inputs or unobservable inputs and corroborated by market data such as quoted prices, interest rates, or yield curves. The estimated fair values of the Corporation’s fixed rate debt instruments as of December 31, 2022, net of debt issuance costs, totaled $1,151 million compared to a carrying value, net of debt issuance costs, of $1,248 million. The estimated fair values of the Corporation’s fixed rate debt instruments as of December 31, 2021, net of debt issuance costs, totaled $1,003 million compared to a carrying value, net of debt issuance costs, of $949 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.

ACCRUED EXPENSES AND OTHER CURR

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	12 Months Ended
	Dec. 31, 2022
Accrued Liabilities, Current [Abstract]
Accrued Expenses And Other Current Liabilities	12. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses consist of the following as of December 31: (In thousands) 2022 2021 Accrued compensation $ 87,835 $ 99,835 Accrued interest 16,412 13,092 Accrued commissions 6,807 5,533 Accrued insurance 6,418 6,202 Income taxes payable 38,187 3,235 Other 21,877 19,804 Total accrued expenses $ 177,536 $ 147,701 Other current liabilities consist of the following as of December 31: (In thousands) 2022 2021 Short-term operating lease liabilities $ 29,910 $ 25,389 Warranty reserves 18,147 15,268 WEC legal reserve 10,000 15,000 Pension and other postretirement liabilities 5,013 8,054 Other 19,325 39,003 Total other current liabilities $ 82,395 $ 102,714

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	13. INCOME TAXES 2017 Tax Cuts and Jobs Act In conjunction with the enactment of the 2017 Tax Cuts and Jobs Act (the Tax Act), the Corporation recorded provisional income tax expense of $18.2 million for the year ended December 31, 2017 related to the one-time transition tax on certain foreign earnings. The finalized transition tax of $23.6 million was to be paid over 8 years pursuant to the Tax Act. The transition tax liability, which is expected to be paid in 2024 and 2025, was $7.4 million as of December 31, 2022 and December 31, 2021, respectively. As of December 31, 2022, the Corporation reassessed its assertion around whether foreign undistributed earnings should continue to no longer be considered permanently reinvested. Consistent with the prior year findings, the Corporation continues to not record a liability for withholding taxes of a foreign subsidiary, which resulted in the reversal in 2021 of $2.8 million of tax liabilities previously recorded. The Corporation maintains its previous assertion for all other foreign subsidiaries, and has recorded a liability for withholding taxes that would arise upon distribution of the Corporation’s foreign undistributed earnings. During the fourth quarter of 2020, the Corporation committed to a plan to sell its industrial valve business in Germany. As a result, the tax consequences from those temporary differences resulting from the held for sale designation were no longer considered to be permanently reinvested. However, the Corporation did not record any provision, as it expected under tax law to recover the outside basis difference in a tax-free manner as occurred upon sale of the business in the first quarter of 2022. The global intangible low-taxed income (GILTI)-related impact associated with the sale is immaterial. Except as noted above, the Corporation remains permanently reinvested to the extent of any outside basis differences in its foreign subsidiaries in excess of the amount of undistributed earnings as it is not practicable to determine the provision impact, if any, due to the complexities associated with this calculation. Earnings before income taxes for the years ended December 31 consist of: (In thousands) 2022 2021 2020 Domestic $ 239,356 $ 271,694 $ 212,613 Foreign (1) 149,839 82,816 50,438 $ 389,195 $ 354,510 $ 263,051 (1) The Corporation recognized a pre-tax loss of $5 million during the first quarter of 2022 pertaining to the sale of its industrial valve business in Germany, as well as pre-tax impairment losses of $19 million and $33 million in 2021 and 2020, respectively. The provision for income taxes for the years ended December 31 consists of: (In thousands) 2022 2021 2020 Current: Federal $ 65,047 $ 57,910 $ 36,793 State 12,717 15,477 11,882 Foreign 34,520 22,034 21,841 Total current 112,284 95,421 70,516 Deferred: Federal (11,413) (7,167) 1,043 State (4,442) (477) (527) Foreign (1,582) (426) (9,373) Total deferred (17,437) (8,070) (8,857) Provision for income taxes $ 94,847 $ 87,351 $ 61,659 The effective tax rate varies from the U.S. federal statutory tax rate for the years ended December 31, principally: 2022 2021 2020 U.S. federal statutory tax rate 21.0 % 21.0 % 21.0 % Add (deduct): State and local taxes, net of federal benefit 1.7 3.6 3.7 Foreign earnings (1) 0.7 0.2 (0.9) Foreign loss on sale 0.2 — — Foreign asset impairment (held for sale) — 1.6 1.2 Valuation allowance for foreign assets held for sale — 0.2 1.3 R&D tax credits (1.1) (1.3) (0.9) Foreign-derived intangible income (1.2) (1.4) (2.8) All other, net 3.1 0.7 0.8 Effective tax rate 24.4 % 24.6 % 23.4 % (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, excluding items related to foreign assets classified as held for sale . The components of the Corporation’s deferred tax assets and liabilities as of December 31 are as follows: (In thousands) 2022 2021 Deferred tax assets: Operating lease liabilities $ 34,977 $ 32,868 Capitalized R&D expenses 23,785 — Inventories, net 21,992 17,237 Net operating loss 9,096 5,384 Environmental reserves 8,677 9,262 Incentive compensation 8,531 6,936 Legal reserves 2,864 6,991 Other 40,965 32,665 Total deferred tax assets 150,887 111,343 Deferred tax liabilities: Goodwill amortization 103,174 98,947 Operating lease right-of-use assets, net 32,651 30,911 Other intangible amortization 59,966 59,056 Depreciation 15,433 13,694 Withholding taxes 13,200 12,776 Pension and other postretirement assets 29,053 29,385 Other 7,256 7,149 Total deferred tax liabilities 260,733 251,918 Valuation allowance 5,664 2,625 Net deferred tax liabilities $ 115,510 $ 143,200 Deferred tax assets and liabilities are reflected on the Corporation’s consolidated balance sheet as of December 31 as follows: (In thousands) 2022 2021 Net noncurrent deferred tax assets $ 7,491 $ 4,149 Net noncurrent deferred tax liabilities 123,001 147,349 Net deferred tax liabilities $ 115,510 $ 143,200 The Corporation has income tax net operating loss carryforwards related to international operations of $21.0 million, of which $19.3 million have an indefinite life and $1.7 million which expire through 2026. The Corporation has federal and state income tax net loss carryforwards of $55.6 million, all of which are net operating losses that expire through 2041. The Corporation has recorded a deferred tax asset of $9.1 million, reflecting the benefit of the loss carryforwards related to international and domestic operations. 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. As of December 31, 2022 the Corporation increased its valuation allowance by $2.9 million to $5.7 million, in order to measure only the portion of deferred tax assets that more likely than not will be realized. As of December 31, 2022, $3.4 million of the total valuation allowance relates to foreign tax credits arising from branch operations that the Corporation believes it will be unable to utilize. The Corporation recorded a tax provision of $2.7 million in the current year and $0.7 million in prior year related to the valuation allowance on branch foreign tax credits. 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. As of December 31, 2021, the Corporation recorded a deferred tax asset of $4.4 million on net operating losses of $14.7 million related to the held for sale industrial valve business in Germany. This resulted in a full valuation allowance against the deferred tax asset, as it is more likely than not that the losses will be forfeited as a result of the divestiture. Upon the closure of the sale of the industrial valve business in the first quarter of 2022, the Corporation removed both the deferred tax asset and associated valuation allowance, with no resulting tax impact. Income tax payments, net of refunds, of $61.1 million, $107.1 million, and $54.0 million were made in 2022, 2021, and 2020, respectively. The Corporation has recorded a liability in Other liabilities for interest of $3.9 million and penalties of $2.6 million as of December 31, 2022. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: (In thousands) 2022 2021 2020 Balance as of January 1, $ 17,018 $ 15,585 $ 12,676 Additions for tax positions of prior periods 3,004 2,877 1,497 Reductions for tax positions of prior periods (1,732) (1,861) (615) Additions for tax positions related to the current year 1,068 655 2,041 Settlements (1,987) (238) (14) Balance as of December 31, $ 17,371 $ 17,018 $ 15,585 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, 2022: United States (Federal) 2017 - present United States (Various states) 2011 - present United Kingdom 2021 - present Canada 2019 - present The Corporation does not expect any significant changes to the estimated amount of liability associated with its uncertain tax positions through the next twelve months. Included in total unrecognized tax benefits as of December 31, 2022, 2021, and 2020 is $15.1 million, $14.1 million, and $13.0 million, respectively, which if recognized, would favorably impact the effective income tax rate.

DEBT

DEBT	12 Months Ended
	Dec. 31, 2022
Debt Instruments [Abstract]
DEBT	14. DEBT Debt consists of the following as of December 31: (In thousands) 2022 2022 2021 2021 Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Revolving credit agreement, due 2027 $ — $ — $ 93,900 $ 93,900 3.70% Senior notes due 2023 202,500 202,082 202,500 208,086 3.85% Senior notes due 2025 90,000 87,298 90,000 95,246 4.24% Senior notes due 2026 200,000 191,760 200,000 218,421 4.05% Senior notes due 2028 67,500 63,300 67,500 73,783 4.11% Senior notes due 2028 90,000 83,955 90,000 98,854 3.10% Senior notes due 2030 150,000 127,429 150,000 154,832 3.20% Senior notes due 2032 150,000 123,656 150,000 154,875 4.49% Senior notes due 2032 200,000 183,007 — — 4.64% Senior notes due 2034 100,000 90,341 — — Total debt 1,250,000 1,152,828 1,043,900 1,097,997 Debt issuance costs, net (1,631) (1,631) (949) (949) Unamortized interest rate swap proceeds (1) 6,031 6,031 7,659 7,659 Total debt, net 1,254,400 1,157,228 1,050,610 1,104,707 Less: current portion of long-term debt 202,500 202,082 — — Total long-term debt $ 1,051,900 $ 955,146 $ 1,050,610 $ 1,104,707 (1) Represents the gain from termination of the Corporation's interest rate swap agreements on its 3.85% and 4.24% Senior Notes in February 2016, which will be amortized into interest expense over the remaining terms of the respective notes. The weighted-average interest rate of the Corporation's Revolving Credit Agreement in 2022 and 2021 was 2.9% and 1.0%, respectively. The Corporation's total debt outstanding had a weighted-average interest rate of 3.4% in both 2022 and 2021, respectively. Aggregate maturities of debt are as follows: (In thousands) 2023 $ 202,500 2024 — 2025 90,000 2026 200,000 2027 — Thereafter 757,500 Total $ 1,250,000 Interest payments of $42 million, $40 million, and $31 million were made in 2022, 2021, and 2020, respectively. Revolving Credit Agreement In May 2022, the Corporation terminated its existing credit agreement, which was set to expire in October 2023, and entered into a new credit agreement (“Credit Agreement”) with a syndicate of financial institutions. The Credit Agreement, which is set to expire in May 2027, increases the size of the Corporation’s revolving credit facility to $750 million, and expands the accordion feature to $250 million. The Corporation plans to use the Credit Agreement for general corporate purposes, which may include the funding of possible future acquisitions or supporting internal growth initiatives. As of December 31, 2022, the Corporation had $17 million in letters of credit supported by the Credit Agreement and no outstanding borrowings under the Credit Agreement. The unused credit available under the Credit Agreement as of December 31, 2022 was $733 million, which the Corporation had the ability to borrow in full without violating its debt to capitalization covenant. The Credit Agreement contains covenants that the Corporation considers usual and customary for an agreement of this type for comparable commercial borrowers, including a maximum consolidated debt to capitalization ratio of 60% (65% for four consecutive quarters following an acquisition greater than $100 million). 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 accrue interest based on (i) the Secured Overnight Financing Rate (SOFR) or (ii) a base rate of the highest of (a) the Prime Rate in effect on such day, (b) the NYFRB Rate in effect on such day plus ½ of 1% and (c) the Adjusted Daily Term SOFR Rate. The interest rate and level of facility fees are dependent on certain financial ratios, as defined in the Credit Agreement. The Credit Agreement also provides customary fees, including administrative agent and commitment fees. In connection with the Credit Agreement, the Corporation paid customary transaction fees that have been deferred and are being amortized over the term of the Credit Agreement. Senior Notes On October 27, 2022, the Corporation issued $300 million of Senior Notes (the "2022 Notes"), consisting of $200 million of 4.49% notes that mature on October 27, 2032 and $100 million of 4.64% notes that mature on October 27, 2034. The 2022 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 2022 Notes, subject to a make-whole payment in accordance with the terms of the Note Purchase Agreement. In connection with the issuance of the 2022 Notes, the Corporation paid customary fees that have been deferred and are being amortized over the term of the 2022 Notes. Under the terms of the Note Purchase Agreements, the Corporation is required to maintain certain financial ratios, the most restrictive of which are a debt to capitalization limit of 60% (65% for four consecutive quarters following an acquisition greater than $100 million) and an interest coverage ratio not to be less than 3 to 1. 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. The 2022 Notes also contain a cross default provision with respect to the Corporation’s other senior indebtedness. On August 13, 2020, the Corporation issued $300 million of Senior Notes (the “2020 Notes”), consisting of $150 million of 3.10% Senior Notes that mature on August 13, 2030 and $150 million of 3.20% Senior Notes that mature on August 13, 2032. The 2020 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 2020 Notes, subject to a make-whole payment in accordance with the terms of the Note Purchase Agreement. In connection with the issuance of the 2020 Notes, the Corporation paid customary fees that have been deferred and are being amortized over the term of the 2020 Notes. Under the terms of the Note Purchase Agreements, as amended, the Corporation is required to maintain certain financial ratios, the most restrictive of which are a debt to capitalization limit of 60% (65% for four consecutive quarters following an acquisition greater than $100 million) and an interest coverage ratio not to be less than 3 to 1. 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. The 2020 Notes also contain a cross default provision with respect to the Corporation’s other senior indebtedness. On February 26, 2013, the Corporation issued $500 million of Senior Notes (the “2013 Notes”). The 2013 Notes consisted of $225 million of 3.70% Senior Notes that mature on February 26, 2023, $100 million of 3.85% Senior Notes that mature on February 26, 2025, and $75 million of 4.05% Senior Notes that mature on February 26, 2028. $100 million of additional 4.11% Senior Notes were deferred and subsequently issued on September 26, 2013 that mature on September 26, 2028. On October 15, 2018, the Corporation made a discretionary $50 million prepayment on the $500 million 2013 Notes. The 2013 Notes are senior unsecured obligations, equal in right of payment to the Corporation’s existing senior indebtedness. The Corporation, at its option, can prepay at any time all or any part of the 2013 Notes, subject to a make-whole payment in accordance with the terms of the Note Purchase Agreement. In connection with the issuance of the 2013 Notes, the Corporation paid customary fees that have been deferred and are being amortized over the term of the 2013 Notes. Under the terms of the Note Purchase Agreement, as amended, the Corporation is required to maintain certain financial ratios, the most restrictive of which are a debt to capitalization limit of 60% (65% for four consecutive quarters following an acquisition greater than $100 million) and an interest coverage ratio of less than 3 to 1. 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. 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 matured 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 the 2011 Notes, the Corporation paid customary fees that have been deferred and are being amortized over the term of the 2011 Notes. Under the terms of the Note Purchase Agreement, as amended, the Corporation is required to maintain certain financial ratios, the most restrictive of which is a debt to capitalization limit of 60% (65% for four consecutive quarters following an acquisition greater than $100 million) and an interest coverage ratio of less than 3 to 1. 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. The 2011 Notes also contain a cross default provision with our other senior indebtedness. As of December 31, 2022, the Corporation had the ability to borrow additional debt of $1.7 billion without violating our debt to capitalization covenant.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
EARNINGS PER SHARE	15. 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, 2022, 2021 and 2020, there were no anti-dilutive equity-based awards excluded from the calculation of diluted earnings per share. Earnings per share calculations for the years ended December 31, 2022, 2021, and 2020, were as follows: (In thousands, except per share data) Net Earnings Weighted- Earnings per Share 2022 Basic earnings per share $ 294,348 38,386 $ 7.67 Dilutive effect of deferred stock compensation 263 Diluted earnings per share $ 294,348 38,649 $ 7.62 2021 Basic earnings per share $ 267,159 40,417 $ 6.61 Dilutive effect of deferred stock compensation 185 Diluted earnings per share $ 267,159 40,602 $ 6.58 2020 Basic earnings per share $ 201,392 41,738 $ 4.83 Dilutive effect of stock options and deferred stock compensation 261 Diluted earnings per share $ 201,392 41,999 $ 4.80

SHARE-BASED COMPENSATION PLANS

SHARE-BASED COMPENSATION PLANS	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract]
SHARE-BASED COMPENSATION PLANS	16. SHARE-BASED COMPENSATION PLANS In May 2014, the Corporation adopted the Curtiss-Wright 2014 Omnibus Incentive Plan (the “2014 Omnibus Plan”). The plan replaced the Corporation's existing 2005 Long Term Incentive Plan and the 2005 Stock Plan for Non-Employee Directors (collectively the “2005 Stock Plans”). Beginning in May 2014, all awards were granted under the 2014 Omnibus Plan. The maximum aggregate number of shares of common stock that may be issued under the 2014 Omnibus Plan are 2,400,000 less one share of common stock for every one share of common stock granted under any prior plan after December 31, 2013 and prior to the effective date of the 2014 Omnibus Plan. In addition, any awards that were previously granted under any prior plan that terminate without issuance of shares shall be eligible for issuance under the 2014 Omnibus Plan. Awards under the 2014 Omnibus Plan may be in the form of stock options, stock appreciation rights, restricted stock units (RSU), other stock-based awards, performance share units (PSU), or cash-based performance units (PU). During 2022, the Corporation granted share-based awards in the form of RSUs and PSUs. Previous grants under the 2005 Stock Plans included non-qualified stock options. Under our employee benefit program, the Corporation also provides an Employee Stock Purchase Plan (ESPP) to most active employees. Certain awards provide for accelerated vesting if there is a change in control. The compensation cost for employee and non-employee director share-based compensation programs during 2022, 2021, and 2020 is as follows: (In thousands) 2022 2021 2020 Employee Stock Purchase Plan $ 1,764 $ 1,710 $ 1,625 Performance Share Units 5,069 4,850 4,909 Restricted Share Units 6,725 5,661 6,978 Other share-based payments 1,826 1,229 925 Total share-based compensation expense before income taxes $ 15,384 $ 13,450 $ 14,437 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 expense in the Consolidated Statement of Earnings. No share-based compensation costs were capitalized during 2022, 2021, or 2020. The following table summarizes the cash received from share-based awards on share-based compensation: (In thousands) 2022 2021 2020 Cash received from share-based awards $ 9,997 $ 9,705 $ 11,148 Stock Options As of December 31, 2022 and 2021, the Corporation did not have any stock options outstanding. The total intrinsic value of stock options exercised during 2020 was $5.2 million. Performance Share Units The Corporation has granted performance share units to certain employees, whose three year cliff vesting is contingent upon the Corporation's total shareholder return over the three-year term beginning at the start of the fiscal year following the date of grant. Performance is measured by determining the percentile rank of the total shareholder return of the Corporation's common stock in relation to the total shareholder return of a self-constructed peer group (for awards granted in 2022) or compared to the S&P Midcap 400 Index (for awards granted in 2020 through 2021). The non-vested shares are subject to forfeiture if established performance goals are not met or employment is terminated other than due to death, disability, or retirement. Share plans are denominated in share-based units based on the fair market value of the Corporation’s common stock on the date of grant. The performance share unit’s compensation cost is amortized to expense on a straight-line basis over the three-year requisite service period. Restricted Share Units Restricted share units cliff vest at the end of the awards’ vesting period. The restricted share units are service-based and thus compensation cost is amortized to expense on a straight-line basis over the requisite service period, which is typically three years. The non-vested restricted units are subject to forfeiture if employment is terminated other than due to death, disability, or retirement. A summary of the Corporation’s 2022 activity related to performance share units and restricted share units are as follows: Performance Share Units (PSUs) Restricted Share Units (RSUs) Shares/Units Weighted- Shares/Units Weighted- Nonvested as of December 31, 2021 113 $ 128.05 223 $ 106.34 Granted 22 218.58 49 149.73 Vested (29) 138.85 (55) 114.31 Forfeited (1) 136.77 (5) 115.68 Nonvested as of December 31, 2022 105 $ 143.69 212 $ 114.15 Expected to vest as of December 31, 2022 105 $ 143.69 212 $ 114.15 Nonvested PSUs had an intrinsic value of $17.6 million and unrecognized compensation costs of $5.2 million as of December 31, 2022. Nonvested RSUs had an intrinsic value of $35.4 million and unrecognized compensation costs of $10.5 million as of December 31, 2022. Unrecognized compensation costs related to PSUs and RSUs are expected to be recognized over 1.7 years and 2.2 years, respectively. 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, 2022
Retirement Benefits, Description [Abstract]
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS	17. PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS The Corporation maintains nine separate and distinct pension and other post-retirement defined benefit plans, consisting of three domestic plans and six separate foreign pension plans. The domestic plans include a qualified pension plan, a non-qualified pension plan, and a postretirement health-benefits plan. The foreign plans consist of one defined benefit pension plan each in the United Kingdom, France, Canada, and Switzerland, 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 final average pay 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 is based on a career average pay benefit and covers both union and non-union employees and is designed to satisfy the requirements of relevant collective bargaining agreements. Employee contributions are withheld each pay period and are equal to 1.5% of salary. The benefits for the EMD employees are based on years of service and compensation. On December 31, 2012, the Corporation amended the CW Pension Plan to close the benefit to EMD employees hired after January 1, 2014. Participants of the former Williams Controls Retirement Income Plan for salaried employees are either deferred vested participants or currently receiving benefits, as benefit accruals under the plan were frozen to future accruals effective January 1, 2003. Benefits in the salaried plan are based on average compensation and years of service. Participants of the former Williams Controls UAW Local 492 Plan for union employees are entitled to a benefit based on years of service multiplied by a monthly pension rate, and may be eligible for supplemental benefits based upon attainment of certain age and service requirements. Effective January 1, 2014, all active non-union employees participating in the final and career average pay formulas in the defined benefit plan will cease accruals 15 years from the effective date of the amendment. In addition to the sunset provision, cash balance benefit accruals for non-union participants ceased as of January 1, 2014. Non-union employees who were not currently receiving final or career average pay benefits became eligible to participate in a new defined contribution plan which provides both employer match and non-elective contribution components. Subsequent to the original amendment, the Corporation successfully negotiated the sunset provision into the bargaining agreements for all represented employees that received benefits through this plan. As of December 31, 2022, and 2021, the Corporation had a noncurrent pension asset of $209.9 million and $233.8 million, respectively. The change in balance was primarily due to a lower return on plan assets during 2022. 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 $69.1 million as of December 31, 2022 and 2021, respectively. The Corporation’s contributions to the CW Restoration Plan are expected to be $3.2 million in 2023. Other Post-Employment Benefits (OPEB) Plan The Corporation provides post-employment benefits consisting of retiree health and life insurance to three distinct groups of employees/retirees: the CW Grandfathered plan, and plans assumed in the acquisitions of EMD and Williams Controls. The Corporation also provides retiree health and life insurance benefits for substantially all 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 (RRAs) to participants in lieu of the traditional benefit delivery. Participant accounts are funded a set amount annually that can be used to purchase supplemental coverage on the open market, effectively capping the benefit. The plan also provides retiree health and life insurance benefits for certain retirees of the Williams Controls salaried and union pension plans. Effective August 31, 2013, the Corporation modified the benefit design for post-65 retirees by introducing RRAs to align with the EMD delivery model. The Corporation had an accrued postretirement benefit liability as of December 31, 2022 and 2021 of $20.0 million and $25.2 million, respectively. The Corporation expects to contribute $1.7 million to the plan during 2023. Activity associated with the postretirement benefit liability for the years ended December 31, 2022 and 2021 was immaterial. Foreign Plans As of December 31, 2022 and 2021, the total projected benefit obligation related to all foreign plans was $69.6 million and $107.2 million, respectively. As of December 31, 2022 the Corporation had a net pension asset of $9.8 million. As of December 31, 2021, the Corporation had a net pension asset of $12.9 million. The Corporation's contributions to the foreign plans are expected to be $2.0 million in 2023. Components of net periodic benefit expense The net pension and net postretirement benefit costs consisted of the following: Pension Benefits (In thousands) 2022 2021 2020 Service cost $ 23,217 $ 26,735 $ 26,013 Interest cost 20,923 17,419 23,847 Expected return on plan assets (54,855) (60,286) (67,217) Amortization of prior service cost (318) (251) (269) Recognized net actuarial loss 17,198 28,905 23,062 Cost of settlements/curtailments 4,499 3,310 2,395 Special termination benefits — 52 — Net periodic benefit cost $ 10,664 $ 15,884 $ 7,831 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 2022 and 2021, the Company recognized settlement charges related to the retirement of former executives. In 2020, settlement charges were incurred in Mexico and Switzerland. In addition, a curtailment was recognized in Mexico in 2020 as a result of the Corporation's restructuring initiatives. The following table outlines the Corporation's consolidated disclosure of the pension benefits information described previously. The Corporation had no foreign postretirement plans. All plans were valued using a December 31, 2022 measurement date. Pension Benefits (In thousands) 2022 2021 Change in benefit obligation: Beginning of year $ 979,070 $ 1,044,035 Service cost 23,217 26,735 Interest cost 20,923 17,419 Plan participants’ contributions 1,229 1,304 Actuarial (gain) loss (201,592) (37,825) Benefits paid (75,770) (68,965) Actual expenses (1,681) (1,491) Acquisitions 496 — Divestitures (4,341) — Amendments — (477) Special termination benefits — 52 Currency translation adjustments (8,117) (1,717) End of year $ 733,434 $ 979,070 Change in plan assets: Beginning of year $ 1,156,616 $ 1,050,509 Actual return on plan assets (182,519) 163,881 Employer contribution 24,865 12,766 Plan participants’ contributions 1,229 1,304 Benefits paid (75,770) (68,965) Actual expenses (1,681) (1,491) Currency translation adjustments (10,038) (1,388) End of year $ 912,702 $ 1,156,616 Funded status $ 179,268 $ 177,546 Pension Benefits (In thousands) 2022 2021 Amounts recognized on the balance sheet Noncurrent assets $ 222,627 $ 256,422 Current liabilities (3,272) (6,257) Noncurrent liabilities (1) (40,087) (72,619) Total $ 179,268 $ 177,546 Amounts recognized in accumulated other comprehensive income (AOCI) Net actuarial loss (gain) $ 133,813 $ 120,676 Prior service cost (239) (544) Total $ 133,574 $ 120,132 Information for plans with an accumulated benefit obligation in excess of plan assets: Projected benefit obligation $ 64,669 $ 101,667 Accumulated benefit obligation 61,368 95,755 Fair value of plan assets 21,311 22,792 (1) As of December 31, 2021, this caption includes accrued pension and other postretirement benefit costs of $4.4 million, reflected in the "Liabilities held for sale" caption within the Consolidated Balance Sheet. Plan Assumptions Pension Benefits 2022 2021 Weighted-average assumptions in determination of benefit obligation: Discount rate 4.95 % 2.72 % Rate of compensation increase 3.34 % 3.40 % Health care cost trends: Rate assumed for subsequent year N/A N/A Ultimate rate reached in 2032 N/A N/A Weighted-average assumptions in determination of net periodic benefit cost: Discount rate 2.72 % 2.36 % Expected return on plan assets 5.47 % 6.18 % Rate of compensation increase 3.40 % 3.41 % Health care cost trends: Rate assumed for subsequent year N/A N/A Ultimate rate reached in 2032 N/A N/A The Corporation applies 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. 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 plan 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 plan, 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. In the first quarter of 2022, the Corporation implemented an asset de-risking strategy in recognition of the strong funded status of the plan and a desire to reduce volatility as the plan approaches the cessation of accruals in 2028. As a part of its strategy shift, the Corporation transitioned to an Outsourced Chief Investment Officer (“OCIO”) model that introduces asset allocation constraints that increase the fixed income allocation over time and with changes in the funded status. Accordingly, our established target allocations for each of the following asset classes: domestic equity securities, international equity securities, and debt securities have changed. Below are the Corporation’s actual and current target allocations for the CW Pension Plan, representing 91% of consolidated assets: As of December 31, Target Expected 2022 2021 Exposure Range Asset class Domestic equities 33% 56% 32% 27%-37% International equities 11% 15% 13% 9%-17% Total equity 44% 71% 45% 35%-55% Fixed income 56% 29% 55% 45%-65% As of December 31, 2022 and 2021, cash funds in the CW Pension Plan represented approximately 4% and 3% of portfolio assets, respectively. Foreign plan assets represent 9% of consolidated plan assets, with most of the assets supporting the U.K. plan. Generally, the foreign plans follow a similar asset allocation strategy and are more heavily weighted in fixed income resulting in a weighted expected return on assets assumption of 6% for all foreign plans. The Corporation may from time to time require the reallocation of assets in order to bring the retirement plans into conformity with these ranges. The Corporation may also authorize alterations or deviations from these ranges where appropriate for achieving the objectives of the retirement plans. Fair Value Measurements The following table presents consolidated plan assets (in thousands) using the fair value hierarchy as of December 31, 2022. Asset Category Total Quoted Prices Significant Significant Cash and cash equivalents $ 36,788 $ 3,632 $ 33,156 $ — Equity securities- Mutual funds (1) 771,655 655,995 115,660 — Bond funds (2) 343,630 229,973 113,657 — Other (3) 4,543 — — 4,543 December 31, 2021 $ 1,156,616 $ 889,600 $ 262,473 $ 4,543 Cash and cash equivalents $ 33,272 $ 730 $ 32,542 $ — Equity securities - Mutual funds (1) 388,343 370,028 18,315 — Bond funds (2) 481,169 373,963 107,206 — Other (3) 9,918 4,167 — 5,751 December 31, 2022 $ 912,702 $ 748,888 $ 158,063 $ 5,751 (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 Mid Cap and Russell 2000 indices, international mutual funds benchmarked against the MSCI EAFE and EM indices, 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 This category consists of domestic and international bonds. The domestic fixed income securities consist of a portfolio of investment grade corporate debt, below investment-grade issues, fixed income exchange traded funds, and U.S. Treasury securities of intermediate and long-term duration for liability matching fixed income. International bonds consist of bond mutual funds for institutional investors associated with the Switzerland and U.K. based pension plans. (3) This category consists of a domestic real estate fund and 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. Activity associated with Level 3 assets held during the years ended December 31, 2022 and 2021 was immaterial. Benefit Payments The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid from the plans: (In thousands) Pension 2023 $ 49,927 2024 52,943 2025 54,251 2026 56,270 2027 55,995 2028 — 2032 281,544 Defined Contribution Retirement Plans The Corporation offers all of its full-time domestic employees the opportunity to participate in a defined contribution plan. Effective January 1, 2014, all non-union employees who were not currently receiving final or career average pay benefits became eligible to receive employer contributions in the Corporation's sponsored 401(k) plan. The employer contributions include both employer match and non-elective contribution components, up to a maximum employer contribution of 7% of eligible compensation. During the year ended December 31, 2022, the expense relating to the plan was $20.9 million, consisting of $11.0 million in matching contributions to the plan in 2022, and $9.9 million in non-elective contributions, primarily paid in January 2023. Cumulative contributions of approximately $107 million are expected to be made from 2023 through 2027.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
SEGMENT INFORMATION	18. SEGMENT INFORMATION The Corporation’s segments are composed of similar product groupings that serve the same or similar end markets. Based on this approach, the Corporation has three reportable segments: Aerospace & Industrial, Defense Electronics, and Naval & Power, as described below in further detail. The Aerospace & 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, and surface technology services such as shot peening, laser peening and engineered coatings. The Defense Electronics 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 Naval & Power reportable segment is comprised of businesses that provide products to the naval defense market and to a lesser extent the power & process markets. The products offered include main coolant pumps, power-dense compact motors, generators, secondary propulsion systems, pumps, pump seals, valves, 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. Operating results by reportable segment are as follows: Year Ended December 31, (In thousands) 2022 2021 2020 Net sales Aerospace & Industrial $ 838,885 $ 789,054 $ 807,144 Defense Electronics 693,709 727,828 610,413 Naval & Power 1,030,918 995,509 977,109 Less: Intersegment Revenues (6,487) (6,460) (3,330) Total Consolidated $ 2,557,025 $ 2,505,931 $ 2,391,336 (In thousands) 2022 2021 2020 Operating income (expense) Aerospace & Industrial $ 136,996 $ 121,817 $ 99,714 Defense Electronics 154,568 159,089 118,748 Naval & Power 177,582 141,660 108,151 Corporate and Eliminations (1) (45,703) (39,883) (37,765) Total Consolidated $ 423,443 $ 382,683 $ 288,848 Depreciation and amortization expense Aerospace & Industrial $ 34,336 $ 36,999 $ 37,690 Defense Electronics 35,120 38,136 36,188 Naval & Power 39,712 35,937 37,894 Corporate 2,859 3,312 4,131 Total Consolidated $ 112,027 $ 114,384 $ 115,903 Segment assets Aerospace & Industrial $ 1,041,562 $ 991,508 $ 1,019,203 Defense Electronics 1,546,331 1,536,369 1,542,686 Naval & Power 1,488,867 1,270,099 1,256,416 Corporate 372,842 294,581 175,445 Assets held for sale — 10,988 27,584 Total Consolidated $ 4,449,602 $ 4,103,545 $ 4,021,334 Capital expenditures Aerospace & Industrial $ 18,554 $ 16,799 $ 20,025 Defense Electronics 3,504 3,922 3,317 Naval & Power 13,652 18,106 21,283 Corporate 2,507 2,281 2,874 Total Consolidated $ 38,217 $ 41,108 $ 47,499 (1) Corporate and Eliminations includes pension expense, environmental remediation and administrative expenses, legal, foreign currency transactional gains and losses, and other expenses. Reconciliations Year Ended December 31, (In thousands) 2022 2021 2020 Earnings before taxes: Total reportable segment operating income $ 469,146 $ 422,566 $ 326,613 Corporate and Eliminations (45,703) (39,883) (37,765) Interest expense 46,980 40,240 35,545 Other income, net 12,732 12,067 9,748 Total consolidated earnings before tax $ 389,195 $ 354,510 $ 263,051 As of December 31, (In thousands) 2022 2021 2020 Assets: Total assets for reportable segments $ 4,076,760 $ 3,797,976 $ 3,818,305 Assets held for sale — 10,988 27,584 Non-segment cash 122,198 7,537 49,157 Other assets 250,644 287,044 126,288 Total consolidated assets $ 4,449,602 $ 4,103,545 $ 4,021,334 Geographic Information Year Ended December 31, (In thousands) 2022 2021 2020 Revenues United States of America $ 1,879,001 $ 1,856,997 $ 1,758,424 United Kingdom 102,965 93,154 90,628 Other foreign countries 575,059 555,780 542,284 Consolidated total $ 2,557,025 $ 2,505,931 $ 2,391,336 As of December 31, (In thousands) 2022 2021 2020 Long-Lived Assets - Property, plant, and equipment, net United States of America $ 254,317 $ 261,658 $ 271,299 United Kingdom 27,049 31,594 34,221 Other foreign countries 61,342 66,779 72,680 Consolidated total $ 342,708 $ 360,031 $ 378,200

CONTINGENCIES AND COMMITMENTS

CONTINGENCIES AND COMMITMENTS	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES AND COMMITMENTS	19. CONTINGENCIES AND COMMITMENTS From time to time, the Corporation and its subsidiaries are involved in legal proceedings that are incidental to the operation of our business. Some of these proceedings allege damages relating to asbestos and environmental exposures, intellectual property matters, copyright infringement, personal injury claims, employment and employee benefit matters, government contract issues, commercial or contractual disputes, and acquisitions or divestitures. The Corporation continues to defend vigorously against all claims. Although the ultimate outcome of any legal matter cannot be predicted with certainty, based on present information, including assessment of the merits of the particular claim, as well as current accruals and insurance coverage, the Corporation does not believe that the disposition of any of these matters, individually or in the aggregate, will have a material adverse effect on its consolidated financial condition, results of operations, and cash flows. Legal Proceedings The Corporation has been named in a number of lawsuits that allege injury from exposure to asbestos. To date, the Corporation has not been found liable for or paid any material sum of money in settlement in any asbestos-related case. The Corporation believes its minimal use of asbestos in its past operations and the relatively non-friable condition of asbestos in its products make it unlikely that it will face material liability in any asbestos litigation, whether individually or in the aggregate. The Corporation maintains insurance coverage for these potential liabilities and believes adequate coverage exists to cover any unanticipated asbestos liability. The Corporation is party to a number of other legal actions and claims, none of which individually or in the aggregate, in the opinion of management, are expected to have a material effect on the Corporation’s results of operations or financial position. Letters of Credit and Other Arrangements The Corporation enters into standby letters of credit agreements and guarantees with financial institutions and customers primarily relating to guarantees of repayment, future performance on certain contracts to provide products and services, and to secure advance payments from certain international customers. As of December 31, 2022 and 2021, there were $17 million and $21 million of stand-by letters of credit outstanding, respectively, and $3 million and $5 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 $8 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 $35 million surety bond. AP1000 Program EMD is the reactor coolant pump (RCP) supplier for the Westinghouse Electric Company (WEC) AP1000 nuclear power plants in China and the United States. The terms of the AP1000 U.S. and China contracts include liquidated damage provisions for failure to meet contractual delivery dates if the Corporation caused the delay and the delay was not excusable. While the Corporation did not meet certain contractual delivery dates under its AP1000 U.S. and China contracts, there are significant counterclaims and uncertainties as to which parties are responsible for the delay. In February 2022, the Corporation and WEC executed a settlement agreement to resolve all open claims and counterclaims under the AP1000 U.S. and China contracts. Under the terms of the settlement agreement, the Corporation paid WEC $15 million in March 2022 and is required to pay WEC a final amount of $10 million in the first quarter of 2023 in exchange for the Corporation’s full release from all open claims under such contracts, whether known or unknown. Under the settlement, the parties also negotiated and executed a right of first refusal for all future AP1000 projects. As of December 31, 2021, the Corporation was adequately accrued regarding this matter.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS	12 Months Ended
	Dec. 31, 2022
Comprehensive Income [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS	20. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The total cumulative balance of each component of accumulated other comprehensive income (loss), net of tax, is as follows: (In thousands) Foreign currency translation adjustments, net Total pension and postretirement adjustments, net Accumulated other comprehensive income (loss) December 31, 2020 $ (88,737) $ (222,119) $ (310,856) Other comprehensive loss before reclassifications (1) (10,829) 107,211 96,382 Amounts reclassified from accumulated other comprehensive income (1) — 24,009 24,009 Net current period other comprehensive income (loss) (10,829) 131,220 120,391 December 31, 2021 $ (99,566) $ (90,899) $ (190,465) Other comprehensive loss before reclassifications (1) (61,241) (23,447) (84,688) Amounts reclassified from accumulated other comprehensive income (1) — 16,237 16,237 Net current period other comprehensive loss (61,241) (7,210) (68,451) December 31, 2022 $ (160,807) $ (98,109) $ (258,916) (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 Consolidated Statement of Earnings (In thousands) 2022 2021 Defined benefit pension and postretirement plans Amortization of prior service costs $ 345 $ 555 Other income, net Recognized net actuarial losses (17,198) (28,905) Other income, net Settlements (4,499) (3,310) Other income, net (21,352) (31,660) Earnings before income taxes 5,115 7,651 Provision for income taxes Total reclassifications $ (16,237) $ (24,009) Net earnings

SCHEDULE II VALUATION AND QUALI

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	CURTISS-WRIGHT CORPORATION and SUBSIDIARIES SCHEDULE II – VALUATION and QUALIFYING ACCOUNTS for the years ended December 31, 2022, 2021, and 2020 (In thousands) Additions Description Balance at Charged to Charged to Other Deductions Balance at Deducted from assets to which they apply: December 31, 2022 Tax valuation allowance 2,625 3,920 1 (1) 882 5,664 Total $ 2,625 $ 3,920 $ 1 $ 882 $ 5,664 December 31, 2021 Tax valuation allowance 1,240 1,864 (22) (1) 457 2,625 Total $ 1,240 $ 1,864 $ (22) $ 457 $ 2,625 December 31, 2020 Tax valuation allowance 3,386 3,439 50 (1) 5,635 (2) 1,240 Total $ 3,386 $ 3,439 $ 50 $ 5,635 $ 1,240 (1) Primarily foreign currency translation adjustments. (2) $3.8 million relates to net operating losses reclassified as held for sale.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2022
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 on certain contracts using the over-time revenue recognition accounting method, cash flow estimates used for testing the recoverability of assets, pension plan and postretirement obligation assumptions, estimates for inventory obsolescence, fair value estimates around assets and assumed liabilities from acquisitions, estimates for the valuation and useful lives of intangible assets, legal reserves, and the estimate of future environmental costs. Actual results may differ from these estimates.
CashAndCashEquivalentsPolicyTextBlock	Cash and Cash Equivalents Cash equivalents consist of money market funds and commercial paper that are readily convertible into cash, all with original maturity dates of three months or less.
InventoryPolicyTextBlock	Inventory Inventories are stated at lower of cost or net realizable value. Production costs are comprised of direct material and labor and applicable manufacturing overhead.
Progress Payments [Policy Text Block]	Progress Payments Certain long-term contracts provide for interim billings as costs are incurred on the respective contracts. Pursuant to contract provisions, agencies of the U.S. Government and other customers obtain control of promised goods or services to the extent that progress payments are received. Accordingly, these receipts have been reported as a reduction of unbilled receivables as presented in Note 5 to the Consolidated Financial Statements. In the event that progress payments received exceed revenue recognized to date on a specific contract, a contract liability has been established with such amount reported in the "Deferred revenue" line within the Consolidated Balance Sheet.
PropertyPlantAndEquipmentPolicyTextBlock	Property, Plant, and Equipment Property, plant, and equipment are carried at cost less accumulated depreciation. Major renewals and betterments are capitalized, while maintenance and repairs that do not improve or extend the life of the asset are expensed in the period that they are incurred. Depreciation is computed using the straight-line method over the estimated useful lives of the respective assets. Average useful lives for property, plant, and equipment are as follows: Buildings and improvements 5 to 40 years Machinery, equipment, and other 3 to 15 years
GoodwillAndIntangibleAssetsIntangibleAssetsPolicy	Intangible Assets Intangible assets are generally the result of acquisitions and consist primarily of purchased technology, customer related intangibles, trademarks, and technology licenses. Intangible assets are amortized on a straight-line basis over their estimated useful lives, which range from 1 to 20 years. See Note 9 to the Consolidated Financial Statements for further information on other intangible assets.
ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock	Impairment of Long-Lived AssetsThe 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, 2022, 2021, and 2020.
Goodwill and Intangible Assets, Goodwill	Goodwill Goodwill results from business acquisitions. The Corporation accounts for business acquisitions by allocating the purchase price to the tangible and intangible assets acquired and liabilities assumed. Assets acquired and liabilities assumed are recorded at their fair values, and the excess of the purchase price over the amounts allocated is recorded as goodwill. The recoverability of goodwill is subject to an annual impairment test or whenever an event occurs or circumstances change that would more likely than not result in an impairment. The impairment test is based on the estimated fair value of the underlying businesses. The Corporation’s goodwill impairment test is performed annually in the fourth quarter of each year. See Note 8 to the Consolidated Financial Statements for further information on goodwill.
FairValueOfFinancialInstrumentsPolicy	Fair Value of Financial InstrumentsAccounting 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 11 and 14 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 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 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 13 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 primarily affected by foreign currency exchange rate fluctuations. (Gains) and losses from foreign currency transactions are included in general and administrative expenses in the Consolidated Statement of Earnings, which amounted to ($2.6) million, $1.8 million, and $3.9 million for the years ended December 31, 2022, 2021, and 2020, 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 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. 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.

REVENUE (Table)

REVENUE (Table)	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue [Table Text Block]	The following table illustrates the approximate percentage of revenue recognized for performance obligations satisfied over-time versus at a point-in-time for the years ended December 31, 2022, 2021, and 2020: Year Ended December 31, 2022 2021 2020 Over-time 51 % 50 % 52 % Point-in-time 49 % 50 % 48 % The following table presents the Corporation’s total net sales disaggregated by end market and customer type: Total Net Sales by End Market and Customer Type Year Ended December 31, (In thousands) 2022 2021 2020 Aerospace & Defense Aerospace Defense $ 479,743 $ 452,661 $ 463,690 Ground Defense 219,739 220,290 107,448 Naval Defense 694,015 710,688 692,152 Commercial Aerospace 276,519 267,722 325,518 Total Aerospace & Defense Customers $ 1,670,016 $ 1,651,361 $ 1,588,808 Commercial Power & Process $ 472,300 $ 473,489 $ 474,842 General Industrial 414,709 381,081 327,686 Total Commercial Customers $ 887,009 $ 854,570 $ 802,528 Total $ 2,557,025 $ 2,505,931 $ 2,391,336

ACQUISITIONS (Table)

ACQUISITIONS (Table)	12 Months Ended
	Dec. 31, 2022
Business Combinations [Abstract]
ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock	The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for all acquisitions consummated: (In thousands) 2022 Accounts receivable $ 10,567 Inventory 24,088 Property, plant, and equipment 4,190 Intangible assets 147,074 Operating lease right-of-use assets, net 5,103 Other current and non-current assets 2,078 Current and non-current liabilities (17,264) Net tangible and intangible assets 175,836 Goodwill 106,593 Total Purchase price $ 282,429 Goodwill deductible for tax purposes $ 106,593

RECEIVABLES (Table)

RECEIVABLES (Table)	12 Months Ended
	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]
Schedule Of Accounts Notes Loans And Financing Receivable [Text Block]	The composition of receivables as of December 31 is as follows: (In thousands) 2022 2021 Billed receivables: Trade and other receivables $ 412,682 $ 362,007 Unbilled receivables: Recoverable costs and estimated earnings not billed 316,682 291,758 Less: Progress payments applied (67) (1,297) Net unbilled receivables 316,615 290,461 Less: Allowance for doubtful accounts (4,694) (5,320) Receivables, net $ 724,603 $ 647,148

INVENTORIES (Table)

INVENTORIES (Table)	12 Months Ended
	Dec. 31, 2022
Inventory, Net [Abstract]
Schedule Of Inventory [Text Block]	The composition of inventories as of December 31 is as follows: (In thousands) 2022 2021 Raw materials $ 242,116 $ 191,066 Work-in-process 76,328 78,221 Finished goods 128,090 98,944 Inventoried costs related to U.S. Government and other long-term contracts (1) 39,685 48,619 Inventories, net of reserves 486,219 416,850 Less: Progress payments applied (3,106) (5,283) Inventories, net $ 483,113 $ 411,567 (1) As of December 31, 2022, this caption also includes capitalized development costs of $16.8 million related to certain aerospace and defense programs. These capitalized costs will be liquidated as units are produced and sold under contract. As of December 31, 2022, capitalized development costs of $11.0 million are not currently supported by existing firm orders.

PROPERTY, PLANT, AND EQUIPMENT

PROPERTY, PLANT, AND EQUIPMENT (Table)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	The composition of property, plant, and equipment as of December 31 is as follows: (In thousands) 2022 2021 Land $ 16,880 $ 17,615 Buildings and improvements 252,713 239,217 Machinery, equipment, and other 866,761 885,970 Property, plant, and equipment, at cost 1,136,354 1,142,802 Less: Accumulated depreciation (793,646) (782,771) Property, plant, and equipment, net $ 342,708 $ 360,031

GOODWILL (Table)

GOODWILL (Table)	12 Months Ended
	Dec. 31, 2022
Goodwill [Abstract]
Schedule Of Goodwill [Text Block]	The changes in the carrying amount of goodwill for 2022 and 2021 are as follows: (In thousands) Aerospace & Industrial Defense Electronics Naval & Power Consolidated December 31, 2020 $ 316,921 $ 703,915 $ 434,301 $ 1,455,137 Adjustments (1) — 12,943 — 12,943 Foreign currency translation adjustment (774) (2,844) (1,436) (5,054) December 31, 2021 $ 316,147 $ 714,014 $ 432,865 $ 1,463,026 Acquisitions 12,445 — 94,148 106,593 Adjustments — 967 — 967 Foreign currency translation adjustment (7,042) (12,195) (6,714) (25,951) December 31, 2022 $ 321,550 $ 702,786 $ 520,299 $ 1,544,635 (1) Amount primarily relates to post-closing adjustments on the Corporation's acquisition of PacStar in October 2020.

OTHER INTANGIBLE ASSETS, NET (T

OTHER INTANGIBLE ASSETS, NET (Table)	12 Months Ended
	Dec. 31, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule of Finite-Lived Intangible Assets [Table Text Block]	The following tables present the cumulative composition of the Corporation’s intangible assets as of December 31, 2022 and December 31, 2021, respectively. 2022 2021 (In thousands) Gross Accumulated Amortization Net Gross Accumulated Amortization Net Technology $ 306,160 $ (176,675) $ 129,485 $ 274,615 $ (164,077) $ 110,538 Customer-related intangibles 666,638 (298,160) 368,478 568,720 (270,816) 297,904 Programs (1) 144,000 (34,200) 109,800 144,000 (27,000) 117,000 Other intangible assets 53,879 (40,745) 13,134 49,559 (36,924) 12,635 Total $ 1,170,677 $ (549,780) $ 620,897 $ 1,036,894 $ (498,817) $ 538,077 (1) Programs include values assigned to major programs of acquired businesses and represent the aggregate value associated with the customer relationships, contracts, technology, and trademarks underlying the associated program.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	The estimated future amortization expense of intangible assets over the next five years is as follows: (In millions) 2023 $ 65 2024 $ 56 2025 $ 54 2026 $ 53 2027 $ 50

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Lease, Cost	The components of lease expense were as follows: Year Ended (In thousands) December 31, 2022 December 31, 2021 Operating lease cost $ 42,125 $ 41,663 Finance lease cost: Depreciation of finance leases $ 1,037 $ 1,037 Interest on lease liabilities 390 431 Total finance lease cost $ 1,427 $ 1,468 Supplemental cash flow information related to leases was as follows: Year Ended (In thousands) December 31, 2022 December 31, 2021 Cash used for operating activities: Operating cash flows used for operating leases $ (34,186) $ (33,352) Operating cash flows used for finance leases (390) (431) Non-cash activity: Right-of-use assets obtained in exchange for operating lease obligations $ 17,740 $ 9,040
Assets And Liabilities, Lessee	Supplemental balance sheet information related to leases was as follows: As of December 31, (In thousands, except lease term and discount rate) 2022 2021 Operating Leases Operating lease right-of-use assets, net $ 153,855 $ 143,613 Other current liabilities $ 29,910 $ 25,389 Long-term operating lease liability 132,275 127,152 Total operating lease liabilities $ 162,185 $ 152,541 Finance Leases Property, plant, and equipment $ 15,561 $ 15,561 Accumulated depreciation (8,645) (7,608) Property, plant, and equipment, net $ 6,916 $ 7,953 Other current liabilities $ 1,098 $ 1,019 Other liabilities 7,924 9,022 Total finance lease liabilities $ 9,022 $ 10,041 Weighted average remaining lease term Operating leases 7.5 years 8.3 years Finance leases 6.7 years 7.7 years Weighted average discount rate Operating leases 3.80 % 3.51 % Finance leases 4.05 % 4.05 %
Lessee, Operating Lease, Liability, Maturity	Maturities of lease liabilities were as follows: As of December 31, 2022 (In thousands) Operating Leases Finance Leases 2023 $ 35,688 $ 1,445 2024 32,830 1,481 2025 25,728 1,518 2026 21,025 1,556 2027 15,787 1,595 Thereafter 57,854 2,743 Total lease payments 188,912 10,338 Less: imputed interest (26,727) (1,316) Total $ 162,185 $ 9,022
Finance Lease, Liability, Maturity	Maturities of lease liabilities were as follows: As of December 31, 2022 (In thousands) Operating Leases Finance Leases 2023 $ 35,688 $ 1,445 2024 32,830 1,481 2025 25,728 1,518 2026 21,025 1,556 2027 15,787 1,595 Thereafter 57,854 2,743 Total lease payments 188,912 10,338 Less: imputed interest (26,727) (1,316) Total $ 162,185 $ 9,022

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Table)	12 Months Ended
	Dec. 31, 2022
Fair Value Of Financial Instruments [Abstract]
Derivatives Not Designated as Hedging Instruments [Table Text Block]	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) 2022 2021 2020 Forward exchange contracts: General and administrative expenses $ 8,378 $ 1,499 $ 2,312

ACCRUED EXPENSES AND OTHER CU_2

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Table)	12 Months Ended
	Dec. 31, 2022
Accrued Liabilities, Current [Abstract]
ScheduleOfAccruedLiabilitiesTableTextBlock	Accrued expenses consist of the following as of December 31: (In thousands) 2022 2021 Accrued compensation $ 87,835 $ 99,835 Accrued interest 16,412 13,092 Accrued commissions 6,807 5,533 Accrued insurance 6,418 6,202 Income taxes payable 38,187 3,235 Other 21,877 19,804 Total accrued expenses $ 177,536 $ 147,701
Schedule Of Other Liabilities [Table Text Block]	Other current liabilities consist of the following as of December 31: (In thousands) 2022 2021 Short-term operating lease liabilities $ 29,910 $ 25,389 Warranty reserves 18,147 15,268 WEC legal reserve 10,000 15,000 Pension and other postretirement liabilities 5,013 8,054 Other 19,325 39,003 Total other current liabilities $ 82,395 $ 102,714

INCOME TAXES (Table)

INCOME TAXES (Table)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule Of Income Before Income Tax, Domestic and Foreign [Table Text Block]	Earnings before income taxes for the years ended December 31 consist of: (In thousands) 2022 2021 2020 Domestic $ 239,356 $ 271,694 $ 212,613 Foreign (1) 149,839 82,816 50,438 $ 389,195 $ 354,510 $ 263,051 (1) The Corporation recognized a pre-tax loss of $5 million during the first quarter of 2022 pertaining to the sale of its industrial valve business in Germany, as well as pre-tax impairment losses of $19 million and $33 million in 2021 and 2020, respectively.
Schedule Of Provision For Income Taxes [Table Text Block]	The provision for income taxes for the years ended December 31 consists of: (In thousands) 2022 2021 2020 Current: Federal $ 65,047 $ 57,910 $ 36,793 State 12,717 15,477 11,882 Foreign 34,520 22,034 21,841 Total current 112,284 95,421 70,516 Deferred: Federal (11,413) (7,167) 1,043 State (4,442) (477) (527) Foreign (1,582) (426) (9,373) Total deferred (17,437) (8,070) (8,857) Provision for income taxes $ 94,847 $ 87,351 $ 61,659
Schedule Of Effective Income Tax Rate Reconciliation [Table Text Block]	The effective tax rate varies from the U.S. federal statutory tax rate for the years ended December 31, principally: 2022 2021 2020 U.S. federal statutory tax rate 21.0 % 21.0 % 21.0 % Add (deduct): State and local taxes, net of federal benefit 1.7 3.6 3.7 Foreign earnings (1) 0.7 0.2 (0.9) Foreign loss on sale 0.2 — — Foreign asset impairment (held for sale) — 1.6 1.2 Valuation allowance for foreign assets held for sale — 0.2 1.3 R&D tax credits (1.1) (1.3) (0.9) Foreign-derived intangible income (1.2) (1.4) (2.8) All other, net 3.1 0.7 0.8 Effective tax rate 24.4 % 24.6 % 23.4 % (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, excluding items related to foreign assets classified as held for sale .
Schedule Of Deferred Tax Assets And Liabilities [Table Text Block]	The components of the Corporation’s deferred tax assets and liabilities as of December 31 are as follows: (In thousands) 2022 2021 Deferred tax assets: Operating lease liabilities $ 34,977 $ 32,868 Capitalized R&D expenses 23,785 — Inventories, net 21,992 17,237 Net operating loss 9,096 5,384 Environmental reserves 8,677 9,262 Incentive compensation 8,531 6,936 Legal reserves 2,864 6,991 Other 40,965 32,665 Total deferred tax assets 150,887 111,343 Deferred tax liabilities: Goodwill amortization 103,174 98,947 Operating lease right-of-use assets, net 32,651 30,911 Other intangible amortization 59,966 59,056 Depreciation 15,433 13,694 Withholding taxes 13,200 12,776 Pension and other postretirement assets 29,053 29,385 Other 7,256 7,149 Total deferred tax liabilities 260,733 251,918 Valuation allowance 5,664 2,625 Net deferred tax liabilities $ 115,510 $ 143,200 Deferred tax assets and liabilities are reflected on the Corporation’s consolidated balance sheet as of December 31 as follows: (In thousands) 2022 2021 Net noncurrent deferred tax assets $ 7,491 $ 4,149 Net noncurrent deferred tax liabilities 123,001 147,349 Net deferred tax liabilities $ 115,510 $ 143,200
Summary Of Unrecognized Tax Benefits [Table Text Block]	A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: (In thousands) 2022 2021 2020 Balance as of January 1, $ 17,018 $ 15,585 $ 12,676 Additions for tax positions of prior periods 3,004 2,877 1,497 Reductions for tax positions of prior periods (1,732) (1,861) (615) Additions for tax positions related to the current year 1,068 655 2,041 Settlements (1,987) (238) (14) Balance as of December 31, $ 17,371 $ 17,018 $ 15,585
Summary Of Open Tax Years [Table Text Block]	The following describes the open tax years, by major tax jurisdiction, as of December 31, 2022: United States (Federal) 2017 - present United States (Various states) 2011 - present United Kingdom 2021 - present Canada 2019 - present

DEBT (Table)

DEBT (Table)	12 Months Ended
	Dec. 31, 2022
Debt Instruments [Abstract]
Summary of Debt	Debt consists of the following as of December 31: (In thousands) 2022 2022 2021 2021 Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Revolving credit agreement, due 2027 $ — $ — $ 93,900 $ 93,900 3.70% Senior notes due 2023 202,500 202,082 202,500 208,086 3.85% Senior notes due 2025 90,000 87,298 90,000 95,246 4.24% Senior notes due 2026 200,000 191,760 200,000 218,421 4.05% Senior notes due 2028 67,500 63,300 67,500 73,783 4.11% Senior notes due 2028 90,000 83,955 90,000 98,854 3.10% Senior notes due 2030 150,000 127,429 150,000 154,832 3.20% Senior notes due 2032 150,000 123,656 150,000 154,875 4.49% Senior notes due 2032 200,000 183,007 — — 4.64% Senior notes due 2034 100,000 90,341 — — Total debt 1,250,000 1,152,828 1,043,900 1,097,997 Debt issuance costs, net (1,631) (1,631) (949) (949) Unamortized interest rate swap proceeds (1) 6,031 6,031 7,659 7,659 Total debt, net 1,254,400 1,157,228 1,050,610 1,104,707 Less: current portion of long-term debt 202,500 202,082 — — Total long-term debt $ 1,051,900 $ 955,146 $ 1,050,610 $ 1,104,707
Aggregate Maturities of Debt	Aggregate maturities of debt are as follows: (In thousands) 2023 $ 202,500 2024 — 2025 90,000 2026 200,000 2027 — Thereafter 757,500 Total $ 1,250,000

EARNINGS PER SHARE (Table)

EARNINGS PER SHARE (Table)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Reconciliation [Table Text Block]	Earnings per share calculations for the years ended December 31, 2022, 2021, and 2020, were as follows: (In thousands, except per share data) Net Earnings Weighted- Earnings per Share 2022 Basic earnings per share $ 294,348 38,386 $ 7.67 Dilutive effect of deferred stock compensation 263 Diluted earnings per share $ 294,348 38,649 $ 7.62 2021 Basic earnings per share $ 267,159 40,417 $ 6.61 Dilutive effect of deferred stock compensation 185 Diluted earnings per share $ 267,159 40,602 $ 6.58 2020 Basic earnings per share $ 201,392 41,738 $ 4.83 Dilutive effect of stock options and deferred stock compensation 261 Diluted earnings per share $ 201,392 41,999 $ 4.80

SHARE-BASED COMPENSATION PLANS

SHARE-BASED COMPENSATION PLANS (Table)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Schedule Of Compensation Cost For Share Based Payment Arrangements Allocation Of Share Based Compensation Costs By Plan [Table Text Block]	The compensation cost for employee and non-employee director share-based compensation programs during 2022, 2021, and 2020 is as follows: (In thousands) 2022 2021 2020 Employee Stock Purchase Plan $ 1,764 $ 1,710 $ 1,625 Performance Share Units 5,069 4,850 4,909 Restricted Share Units 6,725 5,661 6,978 Other share-based payments 1,826 1,229 925 Total share-based compensation expense before income taxes $ 15,384 $ 13,450 $ 14,437
Schedule of Cash Proceeds Received from Share-based Payment Awards [Table Text Block]	The following table summarizes the cash received from share-based awards on share-based compensation: (In thousands) 2022 2021 2020 Cash received from share-based awards $ 9,997 $ 9,705 $ 11,148
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	A summary of the Corporation’s 2022 activity related to performance share units and restricted share units are as follows: Performance Share Units (PSUs) Restricted Share Units (RSUs) Shares/Units Weighted- Shares/Units Weighted- Nonvested as of December 31, 2021 113 $ 128.05 223 $ 106.34 Granted 22 218.58 49 149.73 Vested (29) 138.85 (55) 114.31 Forfeited (1) 136.77 (5) 115.68 Nonvested as of December 31, 2022 105 $ 143.69 212 $ 114.15 Expected to vest as of December 31, 2022 105 $ 143.69 212 $ 114.15

PENSION AND OTHER POSTRETIREM_2

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Table)	12 Months Ended
	Dec. 31, 2022
Retirement Benefits, Description [Abstract]
Schedule of Net Benefit Costs [Table Text Block]	The net pension and net postretirement benefit costs consisted of the following: Pension Benefits (In thousands) 2022 2021 2020 Service cost $ 23,217 $ 26,735 $ 26,013 Interest cost 20,923 17,419 23,847 Expected return on plan assets (54,855) (60,286) (67,217) Amortization of prior service cost (318) (251) (269) Recognized net actuarial loss 17,198 28,905 23,062 Cost of settlements/curtailments 4,499 3,310 2,395 Special termination benefits — 52 — Net periodic benefit cost $ 10,664 $ 15,884 $ 7,831
ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock	The following table outlines the Corporation's consolidated disclosure of the pension benefits information described previously. The Corporation had no foreign postretirement plans. All plans were valued using a December 31, 2022 measurement date. Pension Benefits (In thousands) 2022 2021 Change in benefit obligation: Beginning of year $ 979,070 $ 1,044,035 Service cost 23,217 26,735 Interest cost 20,923 17,419 Plan participants’ contributions 1,229 1,304 Actuarial (gain) loss (201,592) (37,825) Benefits paid (75,770) (68,965) Actual expenses (1,681) (1,491) Acquisitions 496 — Divestitures (4,341) — Amendments — (477) Special termination benefits — 52 Currency translation adjustments (8,117) (1,717) End of year $ 733,434 $ 979,070 Change in plan assets: Beginning of year $ 1,156,616 $ 1,050,509 Actual return on plan assets (182,519) 163,881 Employer contribution 24,865 12,766 Plan participants’ contributions 1,229 1,304 Benefits paid (75,770) (68,965) Actual expenses (1,681) (1,491) Currency translation adjustments (10,038) (1,388) End of year $ 912,702 $ 1,156,616 Funded status $ 179,268 $ 177,546 Pension Benefits (In thousands) 2022 2021 Amounts recognized on the balance sheet Noncurrent assets $ 222,627 $ 256,422 Current liabilities (3,272) (6,257) Noncurrent liabilities (1) (40,087) (72,619) Total $ 179,268 $ 177,546 Amounts recognized in accumulated other comprehensive income (AOCI) Net actuarial loss (gain) $ 133,813 $ 120,676 Prior service cost (239) (544) Total $ 133,574 $ 120,132 Information for plans with an accumulated benefit obligation in excess of plan assets: Projected benefit obligation $ 64,669 $ 101,667 Accumulated benefit obligation 61,368 95,755 Fair value of plan assets 21,311 22,792
ScheduleOfAssumptionsUsedTableTextBlock	Plan Assumptions Pension Benefits 2022 2021 Weighted-average assumptions in determination of benefit obligation: Discount rate 4.95 % 2.72 % Rate of compensation increase 3.34 % 3.40 % Health care cost trends: Rate assumed for subsequent year N/A N/A Ultimate rate reached in 2032 N/A N/A Weighted-average assumptions in determination of net periodic benefit cost: Discount rate 2.72 % 2.36 % Expected return on plan assets 5.47 % 6.18 % Rate of compensation increase 3.40 % 3.41 % Health care cost trends: Rate assumed for subsequent year N/A N/A Ultimate rate reached in 2032 N/A N/A
ScheduleOfAllocationOfPlanAssetsTableTextBlock	Below are the Corporation’s actual and current target allocations for the CW Pension Plan, representing 91% of consolidated assets: As of December 31, Target Expected 2022 2021 Exposure Range Asset class Domestic equities 33% 56% 32% 27%-37% International equities 11% 15% 13% 9%-17% Total equity 44% 71% 45% 35%-55% Fixed income 56% 29% 55% 45%-65%
ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock	The following table presents consolidated plan assets (in thousands) using the fair value hierarchy as of December 31, 2022. Asset Category Total Quoted Prices Significant Significant Cash and cash equivalents $ 36,788 $ 3,632 $ 33,156 $ — Equity securities- Mutual funds (1) 771,655 655,995 115,660 — Bond funds (2) 343,630 229,973 113,657 — Other (3) 4,543 — — 4,543 December 31, 2021 $ 1,156,616 $ 889,600 $ 262,473 $ 4,543 Cash and cash equivalents $ 33,272 $ 730 $ 32,542 $ — Equity securities - Mutual funds (1) 388,343 370,028 18,315 — Bond funds (2) 481,169 373,963 107,206 — Other (3) 9,918 4,167 — 5,751 December 31, 2022 $ 912,702 $ 748,888 $ 158,063 $ 5,751 (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 Mid Cap and Russell 2000 indices, international mutual funds benchmarked against the MSCI EAFE and EM indices, 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 This category consists of domestic and international bonds. The domestic fixed income securities consist of a portfolio of investment grade corporate debt, below investment-grade issues, fixed income exchange traded funds, and U.S. Treasury securities of intermediate and long-term duration for liability matching fixed income. International bonds consist of bond mutual funds for institutional investors associated with the Switzerland and U.K. based pension plans. (3) This category consists of a domestic real estate fund and real estate investment trusts in Switzerland.
ScheduleOfExpectedBenefitPaymentsTableTextBlock	The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid from the plans: (In thousands) Pension 2023 $ 49,927 2024 52,943 2025 54,251 2026 56,270 2027 55,995 2028 — 2032 281,544

SEGMENT INFORMATION (Table)

SEGMENT INFORMATION (Table)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule Of Segment Reporting Information By Segment [Text Block]	Operating results by reportable segment are as follows: Year Ended December 31, (In thousands) 2022 2021 2020 Net sales Aerospace & Industrial $ 838,885 $ 789,054 $ 807,144 Defense Electronics 693,709 727,828 610,413 Naval & Power 1,030,918 995,509 977,109 Less: Intersegment Revenues (6,487) (6,460) (3,330) Total Consolidated $ 2,557,025 $ 2,505,931 $ 2,391,336 Depreciation and amortization expense Aerospace & Industrial $ 34,336 $ 36,999 $ 37,690 Defense Electronics 35,120 38,136 36,188 Naval & Power 39,712 35,937 37,894 Corporate 2,859 3,312 4,131 Total Consolidated $ 112,027 $ 114,384 $ 115,903 Capital expenditures Aerospace & Industrial $ 18,554 $ 16,799 $ 20,025 Defense Electronics 3,504 3,922 3,317 Naval & Power 13,652 18,106 21,283 Corporate 2,507 2,281 2,874 Total Consolidated $ 38,217 $ 41,108 $ 47,499 (1) Corporate and Eliminations includes pension expense, environmental remediation and administrative expenses, legal, foreign currency transactional gains and losses, and other expenses. Year Ended December 31, (In thousands) 2022 2021 2020 Earnings before taxes: Total reportable segment operating income $ 469,146 $ 422,566 $ 326,613 Corporate and Eliminations (45,703) (39,883) (37,765) Interest expense 46,980 40,240 35,545 Other income, net 12,732 12,067 9,748 Total consolidated earnings before tax $ 389,195 $ 354,510 $ 263,051
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	(In thousands) 2022 2021 2020 Operating income (expense) Aerospace & Industrial $ 136,996 $ 121,817 $ 99,714 Defense Electronics 154,568 159,089 118,748 Naval & Power 177,582 141,660 108,151 Corporate and Eliminations (1) (45,703) (39,883) (37,765) Total Consolidated $ 423,443 $ 382,683 $ 288,848
Reconciliation Of Assets From Segment To Consolidated [Text Block]	Segment assets Aerospace & Industrial $ 1,041,562 $ 991,508 $ 1,019,203 Defense Electronics 1,546,331 1,536,369 1,542,686 Naval & Power 1,488,867 1,270,099 1,256,416 Corporate 372,842 294,581 175,445 Assets held for sale — 10,988 27,584 Total Consolidated $ 4,449,602 $ 4,103,545 $ 4,021,334 As of December 31, (In thousands) 2022 2021 2020 Assets: Total assets for reportable segments $ 4,076,760 $ 3,797,976 $ 3,818,305 Assets held for sale — 10,988 27,584 Non-segment cash 122,198 7,537 49,157 Other assets 250,644 287,044 126,288 Total consolidated assets $ 4,449,602 $ 4,103,545 $ 4,021,334
ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock	Year Ended December 31, (In thousands) 2022 2021 2020 Revenues United States of America $ 1,879,001 $ 1,856,997 $ 1,758,424 United Kingdom 102,965 93,154 90,628 Other foreign countries 575,059 555,780 542,284 Consolidated total $ 2,557,025 $ 2,505,931 $ 2,391,336
ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock	As of December 31, (In thousands) 2022 2021 2020 Long-Lived Assets - Property, plant, and equipment, net United States of America $ 254,317 $ 261,658 $ 271,299 United Kingdom 27,049 31,594 34,221 Other foreign countries 61,342 66,779 72,680 Consolidated total $ 342,708 $ 360,031 $ 378,200

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS (Table)	12 Months Ended
	Dec. 31, 2022
Comprehensive Income [Abstract]
Schedule of Comprehensive Income (Loss) [Table Text Block]	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, 2020 $ (88,737) $ (222,119) $ (310,856) Other comprehensive loss before reclassifications (1) (10,829) 107,211 96,382 Amounts reclassified from accumulated other comprehensive income (1) — 24,009 24,009 Net current period other comprehensive income (loss) (10,829) 131,220 120,391 December 31, 2021 $ (99,566) $ (90,899) $ (190,465) Other comprehensive loss before reclassifications (1) (61,241) (23,447) (84,688) Amounts reclassified from accumulated other comprehensive income (1) — 16,237 16,237 Net current period other comprehensive loss (61,241) (7,210) (68,451) December 31, 2022 $ (160,807) $ (98,109) $ (258,916) (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 Consolidated Statement of Earnings (In thousands) 2022 2021 Defined benefit pension and postretirement plans Amortization of prior service costs $ 345 $ 555 Other income, net Recognized net actuarial losses (17,198) (28,905) Other income, net Settlements (4,499) (3,310) Other income, net (21,352) (31,660) Earnings before income taxes 5,115 7,651 Provision for income taxes Total reclassifications $ (16,237) $ (24,009) Net earnings

SCHEDULE II VALUATION AND QUA_2

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (Table)	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
SummaryOfValuationAllowanceTextBlock	Additions Description Balance at Charged to Charged to Other Deductions Balance at Deducted from assets to which they apply: December 31, 2022 Tax valuation allowance 2,625 3,920 1 (1) 882 5,664 Total $ 2,625 $ 3,920 $ 1 $ 882 $ 5,664 December 31, 2021 Tax valuation allowance 1,240 1,864 (22) (1) 457 2,625 Total $ 1,240 $ 1,864 $ (22) $ 457 $ 2,625 December 31, 2020 Tax valuation allowance 3,386 3,439 50 (1) 5,635 (2) 1,240 Total $ 3,386 $ 3,439 $ 50 $ 5,635 $ 1,240 (1) Primarily foreign currency translation adjustments. (2) $3.8 million relates to net operating losses reclassified as held for sale.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Property Plant And Equipment) (Details)	12 Months Ended
	Dec. 31, 2022
Building [Member] | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Building [Member] | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Equipment [Member] | Minimum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Equipment [Member] | Maximum
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	15 years

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Intangible Assets) (Details)	12 Months Ended
	Dec. 31, 2022
Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	1 year
Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Foreign Currency) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Foreign Currency [Abstract]
Foreign Currency Transaction Gain (Loss), Realized	$ 2.6	$ (1.8)	$ (3.9)

REVENUE DISAGGREGATION OF REVEN

REVENUE DISAGGREGATION OF REVENUE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Net Sales	$ 2,557,025	$ 2,505,931	$ 2,391,336
Commercial [Member]
Disaggregation of Revenue [Line Items]
Net Sales	887,009	854,570	802,528
Aerospace & Defense
Disaggregation of Revenue [Line Items]
Net Sales	1,670,016	1,651,361	1,588,808
Aerospace Defense [Member] | Aerospace & Defense
Disaggregation of Revenue [Line Items]
Net Sales	479,743	452,661	463,690
Ground Defense [Member] | Aerospace & Defense
Disaggregation of Revenue [Line Items]
Net Sales	219,739	220,290	107,448
Naval Defense [Member] | Aerospace & Defense
Disaggregation of Revenue [Line Items]
Net Sales	694,015	710,688	692,152
Commercial Aerospace [Member] | Aerospace & Defense
Disaggregation of Revenue [Line Items]
Net Sales	276,519	267,722	325,518
Power & Process [Member] | Commercial [Member]
Disaggregation of Revenue [Line Items]
Net Sales	472,300	473,489	474,842
General Industrial [Member] | Commercial [Member]
Disaggregation of Revenue [Line Items]
Net Sales	$ 414,709	$ 381,081	$ 327,686
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net, Percent	51%	50%	52%
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net, Percent	49%	50%	48%

REVENUE ADDTIONAL DETAILS (Deta

REVENUE ADDTIONAL DETAILS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 2,600
Revenue, Remaining Performance Obligation, Percentage	89%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Explanation	36 months
Contract with Customer, Liability, Revenue Recognized	$ 219	$ 210	$ 224

ACQUISITIONS (Detail)

ACQUISITIONS (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Goodwill	$ 1,544,635	$ 1,463,026	$ 1,455,137
Payments to Acquire Businesses, Net of Cash Acquired	282,429	$ 0	$ 487,944
2022 acquisitions
Business Acquisition [Line Items]
Accounts receivable	10,567
Inventory	24,088
Property, plant, and equipment	4,190
Intangible Assets	147,074
Operating lease right of-use assets	5,103
Other Current and Non-current Assets	2,078
Current and non-current liabilities	(17,264)
Assets Acquired and Liabilities Assumed, Net	175,836
Goodwill	106,593
Payments to Acquire Businesses, Net of Cash Acquired	282,429
Business Acquisition, Goodwill, Expected Tax Deductible Amount	$ 106,593

ACQUISITIONS (Narrative) (Detai

ACQUISITIONS (Narrative) (Detail) $ in Thousands			12 Months Ended
	Nov. 15, 2022	Jun. 30, 2022	Dec. 31, 2022 USD ($) NumberAcquisitions	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Business Acquisition [Line Items]
Number of Businesses Acquired | NumberAcquisitions			2
Payments to Acquire Businesses, Net of Cash Acquired			$ 282,429	$ 0	$ 487,944
Revenue of Acquiree since Acquisition Date, Actual			45,000
Earnings or Loss of Acquiree since Acquisition Date, Actual			(1,000)
Payments for Previous Acquisition			(5,062)	$ (5,340)	$ 0
2022 acquisitions
Business Acquisition [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired			282,429
Assets Acquired and Liabilities Assumed, Net			175,836
Aerospace & Industrial | Keronite Group Limited ("Keronite")
Business Acquisition [Line Items]
Effective date of acquisition	Nov. 15, 2022
Assets Acquired and Liabilities Assumed, Net			34,000
Naval & Power | Safran Aerosystems Arresting Company (SAA)
Business Acquisition [Line Items]
Effective date of acquisition		Jun. 30, 2022
Assets Acquired and Liabilities Assumed, Net			$ 249,000

ASSETS HELD FOR SALE (Narrative

ASSETS HELD FOR SALE (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Jan. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]
Loss on Sale of Assets and Asset Impairment Charges		$ 5	$ 19	$ 33
Proceeds from divestiture	$ 3

RECEIVABLES (Detail)

RECEIVABLES (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Contracts Receivable [Abstract]
Trade and other receivables	$ 412,682	$ 362,007
Unbilled receivables:
Recoverable costs and estimated earnings not billed	316,682	291,758
Less: Progress payments applied	(67)	(1,297)
Net unbilled receivables	316,615	290,461
Less: Allowance for doubtful accounts	(4,694)	(5,320)
Receivables, net	$ 724,603	$ 647,148

RECEIVABLES (Narrative) (Detail

RECEIVABLES (Narrative) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
ConcentrationRiskLineItems
Net unbilled receivables	$ 316,615	$ 290,461
GovernmentContractsConcentrationRiskMember
ConcentrationRiskLineItems
Accounts Receivable, before Allowance for Credit Loss	474,500	401,000
Net unbilled receivables	$ 280,600	$ 253,500
GovernmentContractsConcentrationRiskMember | Revenue Benchmark | Concentration Risk Threshold Percentage
ConcentrationRiskLineItems
ConcentrationRiskPercentage	54%	55%

INVENTORIES (Detail)

INVENTORIES (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Inventory, Raw Materials, Net of Reserves	$ 242,116	$ 191,066
Inventory, Work in Process, Net of Reserves	76,328	78,221
Inventory, Finished Goods, Net of Reserves	128,090	98,944
Inventory For Long-term Contracts Or Programs, Net Of Reserves	39,685	48,619
Inventories, Net of Reserves	486,219	416,850
Progress Payments Netted Against Inventory for Long-term Contracts or Programs	(3,106)	(5,283)
Inventories, net	$ 483,113	$ 411,567

INVENTORIES (Narrative) (Detail

INVENTORIES (Narrative) (Detail) $ in Millions	Dec. 31, 2022 USD ($)
Inventory, Net [Abstract]
Other Inventory, Capitalized Costs	$ 16.8
Other Inventory Capitalized Costs Not Supported By Existing Firm Orders	$ 11

PROPERTY, PLANT, AND EQUIPMEN_2

PROPERTY, PLANT, AND EQUIPMENT (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
land	$ 16,880	$ 17,615
BuildingsAndImprovementsGross	252,713	239,217
MachineryAndEquipmentGross	866,761	885,970
Property, Plant and Equipment, Gross, Total	1,136,354	1,142,802
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	(793,646)	(782,771)
Property, plant, and equipment, net	$ 342,708	$ 360,031	$ 378,200

PROPERTY, PLANT, AND EQUIPMEN_3

PROPERTY, PLANT, AND EQUIPMENT (Narrative) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation	$ 51	$ 55	$ 55

GOODWILL (Detail)

GOODWILL (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Line Items]
Goodwill	$ 1,463,026	$ 1,455,137
Acquisitions	106,593
Adjustments	967	12,943
Foreign Currency Translation Adjustments	(25,951)	(5,054)
Goodwill	1,544,635	1,463,026
Aerospace & Industrial
Goodwill [Line Items]
Goodwill	316,147	316,921
Acquisitions	12,445
Foreign Currency Translation Adjustments	(7,042)	(774)
Goodwill	321,550	316,147
Defense Electronics
Goodwill [Line Items]
Goodwill	714,014	703,915
Adjustments	967	12,943
Foreign Currency Translation Adjustments	(12,195)	(2,844)
Goodwill	702,786	714,014
Naval & Power
Goodwill [Line Items]
Goodwill	432,865	434,301
Acquisitions	94,148
Foreign Currency Translation Adjustments	(6,714)	(1,436)
Goodwill	$ 520,299	$ 432,865

OTHER INTANGIBLE ASSETS, NET (D

OTHER INTANGIBLE ASSETS, NET (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Finite Lived Intangible Assets Gross	$ 1,170,677	$ 1,036,894
Finite Lived Intangible Assets Accumulated Amortization	(549,780)	(498,817)
Other intangible assets, net	620,897	538,077
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Finite Lived Intangible Assets Gross	306,160	274,615
Finite Lived Intangible Assets Accumulated Amortization	(176,675)	(164,077)
Other intangible assets, net	129,485	110,538
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite Lived Intangible Assets Gross	666,638	568,720
Finite Lived Intangible Assets Accumulated Amortization	(298,160)	(270,816)
Other intangible assets, net	368,478	297,904
Contract and Program Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite Lived Intangible Assets Gross	144,000	144,000
Finite Lived Intangible Assets Accumulated Amortization	(34,200)	(27,000)
Other intangible assets, net	109,800	117,000
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite Lived Intangible Assets Gross	53,879	49,559
Finite Lived Intangible Assets Accumulated Amortization	(40,745)	(36,924)
Other intangible assets, net	$ 13,134	$ 12,635

OTHER INTANGIBLE ASSETS, NET (A

OTHER INTANGIBLE ASSETS, NET (Amort) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 61,000	$ 60,000	$ 61,000
Future Amortization Expense Year One	65,000
Future Amortization Expense Year Two	56,000
Future Amortization Expense Year Three	54,000
Future Amortization Expense Year Four	53,000
Future Amortization Expense Year Five	$ 50,000

OTHER INTANGIBLE ASSETS, NET OT

OTHER INTANGIBLE ASSETS, NET OTHER INTANGIBLE ASSETS, NET (Narrative) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 147
Finite-Lived Intangible Assets, Purchase Accounting Adjustments		$ 12
Minimum
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	1 year
Maximum
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 106
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	16 years 1 month 6 days
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 36
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	14 years 10 months 24 days
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 5
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 years

LEASES - Narrative (Details)

LEASES - Narrative (Details)	Dec. 31, 2022
Minimum
Operating Leased Assets [Line Items]
Lessee, Operating Lease, Term of Contract	1 year
Maximum
Operating Leased Assets [Line Items]
Lessee, Operating Lease, Term of Contract	15 years

LEASES - Schedule of Lease Expe

LEASES - Schedule of Lease Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Depreciation of finance leases	$ 1,037	$ 1,037
Interest on lease liabilities	390	431
Total finance lease cost	1,427	1,468
Operating lease cost	$ 42,125	$ 41,663	$ 41,000

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating cash flows used for operating leases	$ (34,186)	$ (33,352)
Operating cash flows used for finance leases	(390)	(431)
Right-of-use assets obtained in exchange for operating lease obligations	$ 17,740	$ 9,040

LEASES - Supplemental Balance S

LEASES - Supplemental Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease right-of-use assets, net	$ 153,855	$ 143,613
Current operating lease liabilities	29,910	25,389
Operating lease, Long-term operating lease liability	132,275	127,152
Total operating lease liabilities	162,185	152,541
Property, plant, and equipment	15,561	15,561
Finance Lease, Right-Of-Use Asset, Accumulated Depreciation	(8,645)	(7,608)
Property, plant, and equipment, net	6,916	7,953
Finance lease, Other current liabilities	1,098	1,019
Finance lease, Other liabilities	7,924	9,022
Total finance lease liabilities	$ 9,022	$ 10,041
Weighted average remaining lease term, Operating lease	7 years 6 months	8 years 3 months 18 days
Weighted average remaining lease term, Finance leases	6 years 8 months 12 days	7 years 8 months 12 days
Weighted average discount rate, Operating leases	3.80%	3.51%
Weighted average discount rate, Finance leases	4.05%	4.05%
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other current liabilities	Other current liabilities
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, plant, and equipment, net	Property, plant, and equipment, net
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities	Other current liabilities
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities

LEASES - Schedule of Maturities

LEASES - Schedule of Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Operating Lease [Abstract]
Year One	$ 35,688
Year Two	32,830
Year Three	25,728
Year Four	21,025
Year Five	15,787
Thereafter	57,854
Total operating lease payments	188,912
Less: imputed interest	26,727
Total operating lease liabilities	162,185	$ 152,541
Finance Lease [Abstract]
Year One	1,445
Year Two	1,481
Year Three	1,518
Year Four	1,556
Year Five	1,595
Thereafter	2,743
Total finance lease payments	10,338
Less: imputed interest	1,316
Total finance lease liabilities	$ 9,022	$ 10,041

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS (Income Loss) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
General and Administrative Expense [Member]
Derivative Instruments Gain Loss [Line Items]
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	$ (8,378)	$ (1,499)	$ (2,312)

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS (Debt Narrative) (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Estimated Fair Value
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Amount	$ 1,151	$ 1,003
Carrying Value
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Amount	$ 1,248	$ 949

ACCRUED EXPENSES AND OTHER CU_3

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Accrued Expenses) (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accrued Liabilities, Current [Abstract]
Accrued compensation	$ 87,835	$ 99,835
Accrued interest	16,412	13,092
Accrued commissions	6,807	5,533
Accrued insurance	6,418	6,202
Taxes Payable	38,187	3,235
Accrued other liabilities	21,877	19,804
Accrued expenses	$ 177,536	$ 147,701

ACCRUED EXPENSES AND OTHER CU_4

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Other Current Liabilities) (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accrued Liabilities, Current [Abstract]
Current operating lease liabilities	$ 29,910	$ 25,389
Warranty	18,147	15,268
Estimated Litigation Liability	10,000	15,000
Pension and other postretirement liabilities	5,013	8,054
Other sundry liabilities	19,325	39,003
Other current liabilities	$ 82,395	$ 102,714

INCOME TAXES INCOME TAXES (Tax

INCOME TAXES INCOME TAXES (Tax Cuts and Jobs Act) (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2017 USD ($) numberOfTransitionTaxYears
Income Tax Disclosure [Abstract]
Transition tax on foreign earnings			$ 18.2
Finalized transition tax due to TCJA			$ 23.6
Period of finalized transition tax | numberOfTransitionTaxYears			8
Transition tax liability due to operating loss carryforward	$ 7.4	$ 7.4
Deferred Tax Liabilities, Undistributed Foreign Earnings		$ 2.8

INCOME TAXES (Income Before Inc

INCOME TAXES (Income Before Income Tax) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Domestic	$ 239,356	$ 271,694	$ 212,613
Foreign	149,839	82,816	50,438
Earnings before income taxes	389,195	354,510	263,051
Loss on Sale of Assets and Asset Impairment Charges	$ 5,000	$ 19,000	$ 33,000

INCOME TAXES (Provision for Inc

INCOME TAXES (Provision for Income Taxes) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Federal	$ 65,047	$ 57,910	$ 36,793
State	12,717	15,477	11,882
Foreign	34,520	22,034	21,841
Current Income Tax Expense (Benefit), Total	112,284	95,421	70,516
Federal	(11,413)	(7,167)	1,043
State	(4,442)	(477)	(527)
Foreign	(1,582)	(426)	(9,373)
Deferred Income Tax Expense (Benefit), Total	(17,437)	(8,070)	(8,857)
Provision for income taxes	$ 94,847	$ 87,351	$ 61,659

INCOME TAXES (Effective Income

INCOME TAXES (Effective Income Tax Rate Reconciliation) (Detail)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
U.S. federal statutory tax rate	21%	21%	21%
State and local taxes, net of federal benefit	1.70%	3.60%	3.70%
Foreign earnings(1)	0.70%	0.20%	(0.90%)
Foreign loss on sale	0.20%	0%	0%
Foreign asset impairment (held for sale)	0%	1.60%	1.20%
Valuation allowance for foreign assets held for sale	0%	0.20%	1.30%
R&D tax credits	(1.10%)	(1.30%)	(0.90%)
Foreign-derived intangible income	(1.20%)	(1.40%)	(2.80%)
All other, net	3.10%	0.70%	0.80%
Effective tax rate	24.40%	24.60%	23.40%

INCOME TAXES (Deferred Tax Asse

INCOME TAXES (Deferred Tax Assets and Liabilties) (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Operating lease liabilities	$ 34,977	$ 32,868
Capitalized R&D	23,785	0
Inventories, net	21,992	17,237
Net operating loss	9,096	5,384
Environmental reserves	8,677	9,262
Incentive compensation	8,531	6,936
Legal reserves	2,864	6,991
Other	40,965	32,665
Total deferred tax assets	150,887	111,343
Deferred tax liabilities:
Goodwill	103,174	98,947
Operating lease right-of-use assets, net	32,651	30,911
Intangible Assets	59,966	59,056
Depreciation	15,433	13,694
Withholding Taxes	13,200	12,776
Net pension (liability)/asset	29,053	29,385
Other	7,256	7,149
Total deferred tax liabilities	260,733	251,918
Valuation allowance	5,664	2,625
Deferred Tax Liabilities, Net	$ 115,510	$ 143,200

INCOME TAXES (Net Deferred Tax

INCOME TAXES (Net Deferred Tax Assets and Liabilities) (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Net noncurrent deferred tax assets	$ 7,491	$ 4,149
Net noncurrent deferred tax liabilities	123,001	147,349
Deferred Tax Liabilities, Net	$ 115,510	$ 143,200

INCOME TAXES (Unrecognized Tax

INCOME TAXES (Unrecognized Tax Benefits) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits (beginning balance)	$ 17,018	$ 15,585	$ 12,676
Additions for tax positions of prior periods	3,004	2,877	1,497
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions	(1,732)	(1,861)	(615)
Additions for tax positions related to the current year	1,068	655	2,041
Settlements	(1,987)	(238)	(14)
Unrecognized tax benefits (ending balance)	$ 17,371	$ 17,018	$ 15,585

INCOME TAXES (Open Tax Years) (

INCOME TAXES (Open Tax Years) (Detail)	12 Months Ended
	Dec. 31, 2022
United States (Various states)
IncomeTaxContingencyLineItems
Open Tax Year	2011
Internal Revenue Service (IRS) | United States (Federal)
IncomeTaxContingencyLineItems
Open Tax Year	2017
United Kingdom | Foreign Tax Authority
IncomeTaxContingencyLineItems
Open Tax Year	2021
Canada | Foreign Tax Authority
IncomeTaxContingencyLineItems
Open Tax Year	2019

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
OperatingLossCarryforwardsLineItems
Deferred tax assets, other tax carryforwards	$ 9,100
Valuation allowance increase	2,900
Valuation allowance	5,664	$ 2,625
Provision for income taxes	(94,847)	(87,351)	$ (61,659)
Deferred tax asset, operating loss	9,096	5,384
Income tax payments	61,100	107,100	54,000
Unrecognized tax benefits that would affect the effective income tax rate	15,100	14,100	$ 13,000
Foreign tax credits
OperatingLossCarryforwardsLineItems
Valuation allowance	3,400
Provision for income taxes	(2,700)	(700)
Industrial Valve Business
OperatingLossCarryforwardsLineItems
Deferred tax asset, operating loss	4,400	$ 3,800
Operating loss carryforwards	14,700
Foreign Tax Authority
OperatingLossCarryforwardsLineItems
Operating loss carryforwards related to international operations	21,000
Indefinite lived operating loss carryforwards,	19,300
Operating loss carryforwards subject to expiration	$ 1,700
Operating loss carryforward, expiration date	Dec. 31, 2026
State And Local Jurisdiction [Member]
OperatingLossCarryforwardsLineItems
Operating loss carryforwards state and local	$ 55,600
Operating loss carryforward, expiration date	Dec. 31, 2041
Other Liabilities [Member]
OperatingLossCarryforwardsLineItems
Interest on income taxes accrued	$ 3,900
Income tax penalties accrued	$ 2,600

DEBT (Detail)

DEBT (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Oct. 27, 2022	Dec. 31, 2021	Aug. 13, 2020	Sep. 26, 2013	Feb. 26, 2013	Dec. 08, 2011
Carrying Value
Debt Instrument [Line Items]
Less: current portion of long-term debt	$ 202,500		$ 0
Long-Term Debt, Excluding Current Maturities	1,051,900		1,050,610
Estimated Fair Value
Debt Instrument [Line Items]
Less: current portion of long-term debt	202,082		0
Long-Term Debt, Excluding Current Maturities	955,146		1,104,707
Long-term Debt	1,254,400		1,050,610
Long Term Debt Fair Value	1,157,228		1,104,707
Long-term Debt, Gross	1,250,000		1,043,900
Debt issuance costs, net	(1,631)		(949)
Unamortized interest rate swap proceeds (1)	6,031		7,659
Less: current portion of long-term debt	202,500		0
Long-Term Debt, Excluding Current Maturities	1,051,900		1,050,610
Revolving credit facility
Debt Instrument [Line Items]
Long-term Debt	0		93,900
Long Term Debt Fair Value	0		93,900
3.70% Senior notes due 2023 | Carrying Value
Debt Instrument [Line Items]
Long-term Debt	202,500		202,500
3.70% Senior notes due 2023 | Estimated Fair Value
Debt Instrument [Line Items]
Long Term Debt Fair Value	$ 202,082		208,086
3.70% Senior notes due 2023
Debt Instrument [Line Items]
Stated interest rate	3.70%					3.70%
3.85% Senior notes due 2025 | Carrying Value
Debt Instrument [Line Items]
Long-term Debt	$ 90,000		90,000
3.85% Senior notes due 2025 | Estimated Fair Value
Debt Instrument [Line Items]
Long Term Debt Fair Value	$ 87,298		95,246
3.85% Senior notes due 2025
Debt Instrument [Line Items]
Stated interest rate	3.85%					3.85%
4.24% Senior notes due 2026 | Carrying Value
Debt Instrument [Line Items]
Long-term Debt	$ 200,000		200,000
4.24% Senior notes due 2026 | Estimated Fair Value
Debt Instrument [Line Items]
Long Term Debt Fair Value	$ 191,760		218,421
4.24% Senior notes due 2026
Debt Instrument [Line Items]
Stated interest rate	4.24%						4.24%
4.05% Senior notes due 2028 | Carrying Value
Debt Instrument [Line Items]
Long-term Debt	$ 67,500		67,500
4.05% Senior notes due 2028 | Estimated Fair Value
Debt Instrument [Line Items]
Long Term Debt Fair Value	$ 63,300		73,783
4.05% Senior notes due 2028
Debt Instrument [Line Items]
Stated interest rate	4.05%					4.05%
4.11% Senior notes due 2028 | Carrying Value
Debt Instrument [Line Items]
Long-term Debt	$ 90,000		90,000
4.11% Senior notes due 2028 | Estimated Fair Value
Debt Instrument [Line Items]
Long Term Debt Fair Value	$ 83,955		98,854
4.11% Senior notes due 2028
Debt Instrument [Line Items]
Stated interest rate	4.11%				4.11%
3.10% Senior Notes due 2030 | Carrying Value
Debt Instrument [Line Items]
Long-term Debt	$ 150,000		150,000
3.10% Senior Notes due 2030 | Estimated Fair Value
Debt Instrument [Line Items]
Long Term Debt Fair Value	$ 127,429		154,832
3.10% Senior Notes due 2030
Debt Instrument [Line Items]
Stated interest rate	3.10%			3.10%
3.20% Senior Notes due 2032 | Carrying Value
Debt Instrument [Line Items]
Long-term Debt	$ 150,000		150,000
3.20% Senior Notes due 2032 | Estimated Fair Value
Debt Instrument [Line Items]
Long Term Debt Fair Value	$ 123,656		154,875
3.20% Senior Notes due 2032
Debt Instrument [Line Items]
Stated interest rate	3.20%			3.20%
4.49% Senior Notes due 2032 | Carrying Value
Debt Instrument [Line Items]
Long-term Debt	$ 200,000		0
4.49% Senior Notes due 2032 | Estimated Fair Value
Debt Instrument [Line Items]
Long Term Debt Fair Value	$ 183,007		0
4.49% Senior Notes due 2032
Debt Instrument [Line Items]
Stated interest rate	4.49%	4.49%
4.64% Senior Notes due 2034 | Carrying Value
Debt Instrument [Line Items]
Long-term Debt	$ 100,000		0
4.64% Senior Notes due 2034 | Estimated Fair Value
Debt Instrument [Line Items]
Long Term Debt Fair Value	$ 90,341		0
4.64% Senior Notes due 2034
Debt Instrument [Line Items]
Stated interest rate	4.64%	4.64%
Long-term Debt, gross [Member]
Debt Instrument [Line Items]
Long Term Debt Fair Value	$ 1,152,828		$ 1,097,997

DEBT (Maturity) (Detail)

DEBT (Maturity) (Detail) $ in Thousands	Dec. 31, 2022 USD ($)
Debt Instruments [Abstract]
Repayments of Principal in Next Twelve Months	$ 202,500
Repayments of Principal in Year Two	0
Repayments of Principal in Year Three	90,000
Repayments of Principal in Year Four	200,000
Repayments of Principal in Year Five	0
Repayments of Principal Thereafter	757,500
Total	$ 1,250,000

DEBT (Narrative) (Detail)

DEBT (Narrative) (Detail) - USD ($) $ in Thousands		12 Months Ended
	Oct. 15, 2018	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Oct. 27, 2022	May 31, 2022	Aug. 13, 2020	Sep. 26, 2013	Feb. 26, 2013	Dec. 08, 2011
Debt Instrument [Line Items]
Interest payments made		$ 42,000	$ 40,000	$ 31,000
Long-term Debt		$ 1,254,400	1,050,610
Interest rate description		Borrowings under the credit agreement accrue interest based on (i) the Secured Overnight Financing Rate (SOFR) or (ii) a base rate of the highest of (a) the Prime Rate in effect on such day, (b) the NYFRB Rate in effect on such day plus ½ of 1% and (c) the Adjusted Daily Term SOFR Rate. The interest rate and level of facility fees are dependent on certain financial ratios, as defined in the Credit Agreement. The Credit Agreement also provides customary fees, including administrative agent and commitment fees. In connection with the Credit Agreement, the Corporation paid customary transaction fees that have been deferred and are being amortized over the term of the Credit Agreement.
Debt to capitalization limit		60%
Covenant Ratio, Debt To Capitalization Limit Following Acquisition		65%
Revolving credit facility
Debt Instrument [Line Items]
Long-term Debt		$ 0	93,900
3.84% Senior notes due 2021
Debt Instrument [Line Items]
Issued amount of debt										$ 100,000
Date of maturity		Dec. 01, 2021
Stated interest rate										3.84%
3.70% Senior notes due 2023
Debt Instrument [Line Items]
Issued amount of debt									$ 225,000
Date of maturity		Feb. 26, 2023
Stated interest rate		3.70%							3.70%
3.85% Senior notes due 2025
Debt Instrument [Line Items]
Issued amount of debt									$ 100,000
Date of maturity		Feb. 26, 2025
Stated interest rate		3.85%							3.85%
4.24% Senior notes due 2026
Debt Instrument [Line Items]
Issued amount of debt										$ 200,000
Date of maturity		Dec. 01, 2026
Stated interest rate		4.24%								4.24%
4.05% Senior notes due 2028
Debt Instrument [Line Items]
Issued amount of debt									$ 75,000
Date of maturity		Feb. 26, 2028
Stated interest rate		4.05%							4.05%
4.11% Senior notes due 2028
Debt Instrument [Line Items]
Date of issuance		Sep. 26, 2013
Issued amount of debt								$ 100,000
Date of maturity		Sep. 26, 2028
Stated interest rate		4.11%						4.11%
3.10% Senior Notes due 2030
Debt Instrument [Line Items]
Issued amount of debt							$ 150,000
Date of maturity		Aug. 13, 2030
Stated interest rate		3.10%					3.10%
3.20% Senior Notes due 2032
Debt Instrument [Line Items]
Issued amount of debt							$ 150,000
Date of maturity		Aug. 13, 2032
Stated interest rate		3.20%					3.20%
4.49% Senior Notes due 2032
Debt Instrument [Line Items]
Issued amount of debt					$ 200,000
Date of maturity		Oct. 27, 2032
Stated interest rate		4.49%			4.49%
4.64% Senior Notes due 2034
Debt Instrument [Line Items]
Issued amount of debt					$ 100,000
Date of maturity		Oct. 27, 2034
Stated interest rate		4.64%			4.64%
2022 Senior Notes
Debt Instrument [Line Items]
Date of issuance		Oct. 27, 2022
Issued amount of debt					$ 300,000
2020 Senior Notes
Debt Instrument [Line Items]
Date of issuance		Aug. 13, 2020
Issued amount of debt							$ 300,000
2013 Senior Notes
Debt Instrument [Line Items]
Date of issuance		Feb. 26, 2013
Issued amount of debt									$ 500,000
Repayments of Long-term Debt	$ 50,000
2011 Senior Notes
Debt Instrument [Line Items]
Date of issuance		Dec. 08, 2011
Issued amount of debt										$ 300,000
Revolving credit facility
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity						$ 750,000
Line Of Credit Facility Additional Borrowing Capacity						$ 250,000
Standby letters of credit
Debt Instrument [Line Items]
Letters of credit		$ 17,000	$ 21,000
Revolving credit facility
Debt Instrument [Line Items]
Weighted-average interest rate		2.90%	1%
Unused credit available under the credit facility		$ 733,000
Long-term debt
Debt Instrument [Line Items]
Weighted-average interest rate		3.40%	3.40%
Unused credit available under the credit facility		$ 1,700,000

EARNINGS PER SHARE (Detail)

EARNINGS PER SHARE (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share Reconciliation [Abstract]
Basic	38,386	40,417	41,738
Dilutive effect of stock options and deferred stock compensation	263	185	261
Diluted	38,649	40,602	41,999
Net earnings	$ 294,348	$ 267,159	$ 201,392
Diluted earnings per share	$ 7.62	$ 6.58	$ 4.80
Basic earnings per share	$ 7.67	$ 6.61	$ 4.83

EARNINGS PER SHARE (AntiDilutiv

EARNINGS PER SHARE (AntiDilutive) (Detail) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount	0	0	0

SHARE-BASED COMPENSATION PLAN_2

SHARE-BASED COMPENSATION PLANS (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Employee Stock Purchase Plan	$ 1,764	$ 1,710	$ 1,625
Performance Share Units	5,069	4,850	4,909
Restricted Share Units	6,725	5,661	6,978
Other share-based payments	1,826	1,229	925
Total share-based compensation expense before income taxes	$ 15,384	$ 13,450	$ 14,437

SHARE-BASED COMPENSATION PLAN_3

SHARE-BASED COMPENSATION PLANS (Cash Proceeds and Tax Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Cash received from share-based awards	$ 9,997	$ 9,705	$ 11,148

SHARE-BASED COMPENSATION PLAN_4

SHARE-BASED COMPENSATION PLANS (Restricted Units) (Detail) shares in Thousands	12 Months Ended
	Dec. 31, 2022 $ / shares shares
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	113
Granted (in shares) | shares	22
Vested (in shares) | shares	(29)
Forfeited (in shares) | shares	(1)
Outstanding (in shares) | shares	105
Expected to vest (in shares) | shares	105
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	$ 128.05
Granted (in dollars per share) | $ / shares	218.58
Vested (in dollars per share) | $ / shares	138.85
Forfeited (in dollars per share) | $ / shares	136.77
Outstanding (in dollars per share) | $ / shares	143.69
Expected to vest (in dollars per share) | $ / shares	$ 143.69
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	223
Granted (in shares) | shares	49
Vested (in shares) | shares	(55)
Forfeited (in shares) | shares	(5)
Outstanding (in shares) | shares	212
Expected to vest (in shares) | shares	212
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	$ 106.34
Granted (in dollars per share) | $ / shares	149.73
Vested (in dollars per share) | $ / shares	114.31
Forfeited (in dollars per share) | $ / shares	115.68
Outstanding (in dollars per share) | $ / shares	114.15
Expected to vest (in dollars per share) | $ / shares	$ 114.15

SHARE-BASED COMPENSATION PLAN_5

SHARE-BASED COMPENSATION PLANS (Narrative) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2020	Dec. 31, 2021
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		$ 5.2
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period	3 years
Aggregate Intrinsic Value, Outstanding	$ 17.6
Unrecognized compensation cost	$ 5.2
Unrecognized compensation expense, period of recognition	1 year 8 months 12 days
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period	3 years
Aggregate Intrinsic Value, Outstanding	$ 35.4
Unrecognized compensation cost	$ 10.5
Unrecognized compensation expense, period of recognition	2 years 2 months 12 days
Employee Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Purchase price percentage of fair market value	85%

PENSION AND POSTRETIREMENT BENE

PENSION AND POSTRETIREMENT BENEFITS (Narrative) (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) pension_plan	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Number of pension and other post retirement defined benefit plans | pension_plan	9
Domestic plans | pension_plan	3
Foreign plans | pension_plan	6
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Total projected benefit obligation	$ 733,434	$ 979,070	$ 1,044,035
Net pension (liability)/asset	$ 179,268	$ 177,546
Expected return on assets assumption	5.47%	6.18%
Pension Plan [Member] | Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets as a percentage of consolidated assets	9%
Expected return on assets assumption	6%
Pension Plan [Member] | United Kingdom [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of pension and other post retirement defined benefit plans | pension_plan	1
Pension Plan [Member] | Canada [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of pension and other post retirement defined benefit plans | pension_plan	1
Pension Plan [Member] | Switzerland [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of pension and other post retirement defined benefit plans | pension_plan	1
Pension Plan [Member] | France [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of pension and other post retirement defined benefit plans | pension_plan	1
Pension Plan [Member] | Mexico [Member]
Defined Benefit Plan Disclosure [Line Items]
Number of pension and other post retirement defined benefit plans | pension_plan	2
Pension Plan [Member] | United States [Member] | Cash And Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets as a percentage of consolidated assets	4%	3%
Parent Company's Retirement Benefit Plan [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
Parent Company's Retirement Benefit Plan [Member] | United States [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions	$ 1,700
Net pension (liability)/asset	(20,000)	$ (25,200)
Parent Company's Retirement Benefit Plan [Member] | Pension Plan [Member] | United States [Member]
Defined Benefit Plan Disclosure [Line Items]
Net pension (liability)/asset	209,900	233,800
Parent Company's Retirement Benefit Plan [Member] | Other Pension, Postretirement and Supplemental Plans [Member] | United States [Member]
Defined Benefit Plan Disclosure [Line Items]
Expense relating to the defined contribution plan	20,900
Defined Contribution Plan, Employer Discretionary Contribution Amount	11,000
Defined Contribution Plans, Non-Elective Estimated Future Employer Contributions in Next Fiscal Year	9,900
Defined Contribution Plans, Estimated Future Employer Contributions Over Next Five Fiscal Years	$ 107,000
Parent Company's Retirement Benefit Plan [Member] | Other Pension, Postretirement and Supplemental Plans [Member] | United States [Member] | Maximum
Defined Benefit Plan Disclosure [Line Items]
Maximum employer contribution match percentage	7%
Parent Company's Retirement Benefit Plan [Member] | Other Pension Plan [Member] | United States [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions	$ 3,200
Net pension (liability)/asset	$ (40,400)	(69,100)
EMD [Member]
Defined Benefit Plan Disclosure [Line Items]
Percent of employees' gross pay withheld	1.50%
Foreign Company's Retirement Benefit Plan [Member] | Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions	$ 2,000
Total projected benefit obligation	69,600	107,200
Net pension (liability)/asset	$ 9,800	$ 12,900

PENSION PLANS (Detail)

PENSION PLANS (Detail) - Pension Plan [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 23,217	$ 26,735	$ 26,013
Interest cost	20,923	17,419	23,847
Expected return on plan assets	(54,855)	(60,286)	(67,217)
Prior service cost	(318)	(251)	(269)
Defined Benefit Plan, Amortization of Loss (Gain)	17,198	28,905	23,062
Cost of Settlement/Curtailment	4,499	3,310	2,395
Special Termination Benefits		52
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	$ 10,664	$ 15,884	$ 7,831

PENSION AND OTHER POSTRETIREM_3

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Detail) - Pension Plan [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
DefinedBenefitPlanChangeInBenefitObligationRollForward
Defined Benefit Plan, Benefit Obligation, Beginning Balance	$ 979,070	$ 1,044,035
Service cost	23,217	26,735	$ 26,013
Interest cost	20,923	17,419	23,847
DefinedBenefitPlanContributionsByPlanParticipants	1,229	1,304
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss)	201,592	37,825
DefinedBenefitPlanBenefitsPaid	(75,770)	(68,965)
Defined Benefit Plan, Actual Expense	(1,681)	(1,491)
Defined Benefit Plan, Plan Assets, Business Combination	496
Defined Benefit Plan, Plan Assets, Divestiture	(4,341)
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment		(477)
Special Termination Benefits		52
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation	(8,117)	(1,717)
Defined Benefit Plan, Benefit Obligation, Ending Balance	$ 733,434	$ 979,070	$ 1,044,035

PENSION AND OTHER POSTRETIREM_4

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Plan Asset) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
DefinedBenefitPlanChangeInFairValueOfPlanAssetsRollForward
Defined Benefit Plan, Plan Assets, Amount, Beginning Balance	$ 1,156,616
Defined Benefit Plan, Fair Value of Plan Assets, Ending Balance	912,702	$ 1,156,616
DefinedBenefitPlanAmountsRecognizedInBalanceSheetAbstract
Pension asset	222,627	256,422
Pension and other postretirement liabilities	(5,013)	(8,054)
Accrued pension and other postretirement benefit costs	(58,348)	(91,329)
Pension Plan [Member]
DefinedBenefitPlanChangeInFairValueOfPlanAssetsRollForward
Defined Benefit Plan, Plan Assets, Amount, Beginning Balance	1,156,616	1,050,509
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Actual Return (Loss)	(182,519)	163,881
Contributions made by employer	24,865	12,766
DefinedBenefitPlanContributionsByPlanParticipants	1,229	1,304
DefinedBenefitPlanBenefitsPaid	(75,770)	(68,965)
Defined Benefit Plan, Plan Assets, Administration Expense	(1,681)	(1,491)
DefinedBenefitPlanForeignCurrencyExchangeRateChangesPlanAssets	(10,038)	(1,388)
Defined Benefit Plan, Fair Value of Plan Assets, Ending Balance	912,702	1,156,616
DefinedBenefitPlanFundedStatusOfPlan	179,268	177,546
DefinedBenefitPlanAmountsRecognizedInBalanceSheetAbstract
Pension asset	222,627	256,422
Pension and other postretirement liabilities	(3,272)	(6,257)
Accrued pension and other postretirement benefit costs	(40,087)	(72,619)
DefinedBenefitPlanAmountsRecognizedInBalanceSheet	179,268	177,546
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTaxAbstract
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax	133,813	120,676
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax	(239)	(544)
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax	133,574	120,132
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAbstract
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation	64,669	101,667
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation	61,368	95,755
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets	$ 21,311	22,792
Pension Plan [Member] | Discontinued Operations, Held-for-sale
DefinedBenefitPlanAmountsRecognizedInBalanceSheetAbstract
Accrued pension and other postretirement benefit costs		$ (4,400)

PENSION AND OTHER POSTRETIREM_5

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Plan Assumptions) (Detail)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Pension Plan [Member]
DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingBenefitObligationAbstract
Discount rate	4.95%	2.72%
Rate Of Compensation Increase	3.34%	3.40%
DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingNetPeriodicBenefitCostAbstract
Discount Rate	2.72%	2.36%
Expected return on assets assumption	5.47%	6.18%
Net Periodic Benefit Cost Rate Of Compensation Increase	3.40%	3.41%
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Year That Rate Reaches Ultimate Trend Rate	2032	2032

PENSION (Asset Class) (Detail)

PENSION (Asset Class) (Detail)	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Funded percentage	91%
Domestic Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted Average Asset Allocations	33%	56%
Target Plan Asset Allocations	32%
International Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted Average Asset Allocations	11%	15%
Target Plan Asset Allocations	13%
EquitySecuritiesMember
Defined Benefit Plan Disclosure [Line Items]
Weighted Average Asset Allocations	44%	71%
Target Plan Asset Allocations	45%
FixedIncomeFundsMember
Defined Benefit Plan Disclosure [Line Items]
Weighted Average Asset Allocations	56%	29%
Target Plan Asset Allocations	55%
Minimum | Domestic Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target Plan Asset Allocations	27%
Minimum | International Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target Plan Asset Allocations	9%
Minimum | EquitySecuritiesMember
Defined Benefit Plan Disclosure [Line Items]
Target Plan Asset Allocations	35%
Minimum | FixedIncomeFundsMember
Defined Benefit Plan Disclosure [Line Items]
Target Plan Asset Allocations	45%
Maximum | Domestic Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target Plan Asset Allocations	37%
Maximum | International Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target Plan Asset Allocations	17%
Maximum | EquitySecuritiesMember
Defined Benefit Plan Disclosure [Line Items]
Target Plan Asset Allocations	55%
Maximum | FixedIncomeFundsMember
Defined Benefit Plan Disclosure [Line Items]
Target Plan Asset Allocations	65%

PENSION (Fair Value) (Detail)

PENSION (Fair Value) (Detail) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	$ 912,702	$ 1,156,616
Cash And Cash Equivalents [Member]
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	33,272	36,788
EquitySecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	388,343	771,655
DebtSecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	481,169	343,630
Other Plan Assets
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	9,918	4,543
FairValueInputsLevel1Member
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	748,888	889,600
FairValueInputsLevel1Member | Cash And Cash Equivalents [Member]
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	730	3,632
FairValueInputsLevel1Member | EquitySecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	370,028	655,995
FairValueInputsLevel1Member | DebtSecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	373,963	229,973
FairValueInputsLevel1Member | Other Plan Assets
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	4,167
FairValueInputsLevel2Member
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	158,063	262,473
FairValueInputsLevel2Member | Cash And Cash Equivalents [Member]
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	32,542	33,156
FairValueInputsLevel2Member | EquitySecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	18,315	115,660
FairValueInputsLevel2Member | DebtSecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	107,206	113,657
FairValueInputsLevel3Member
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	5,751	4,543
FairValueInputsLevel3Member | Other Plan Assets
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	$ 5,751	$ 4,543

PENSION (Future Service) (Detai

PENSION (Future Service) (Detail) - Pension Plan [Member] $ in Thousands	Dec. 31, 2022 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Expected Future Benefit Payment, Next Twelve Months	$ 49,927
Expected Future Benefit Payment, Year Two	52,943
Expected Future Benefit Payment, Year Three	54,251
Expected Future Benefit Payment, Year Four	56,270
Expected Future Benefit Payment, Year Five	55,995
Expected Future Benefit Payment, Five Fiscal Years Thereafter	$ 281,544

SEGMENT INFORMATION (Detail)

SEGMENT INFORMATION (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Net Sales	$ 2,557,025	$ 2,505,931	$ 2,391,336
Operating income	423,443	382,683	288,848
Depreciation and amortization	112,027	114,384	115,903
Total assets	4,449,602	4,103,545	4,021,334
PropertyPlantAndEquipmentAdditions	38,217	41,108	47,499
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating income	469,146	422,566	326,613
Total assets	4,076,760	3,797,976	3,818,305
Operating Segments [Member] | Aerospace & Industrial
Segment Reporting Information [Line Items]
Total net sales	838,885	789,054	807,144
Operating income	136,996	121,817	99,714
Depreciation and amortization	34,336	36,999	37,690
Total assets	1,041,562	991,508	1,019,203
PropertyPlantAndEquipmentAdditions	18,554	16,799	20,025
Operating Segments [Member] | Defense Electronics
Segment Reporting Information [Line Items]
Total net sales	693,709	727,828	610,413
Operating income	154,568	159,089	118,748
Depreciation and amortization	35,120	38,136	36,188
Total assets	1,546,331	1,536,369	1,542,686
PropertyPlantAndEquipmentAdditions	3,504	3,922	3,317
Operating Segments [Member] | Naval & Power
Segment Reporting Information [Line Items]
Total net sales	1,030,918	995,509	977,109
Operating income	177,582	141,660	108,151
Depreciation and amortization	39,712	35,937	37,894
Total assets	1,488,867	1,270,099	1,256,416
PropertyPlantAndEquipmentAdditions	13,652	18,106	21,283
Operating Segments [Member] | Corporate And Other [Member]
Segment Reporting Information [Line Items]
Operating income	(45,703)	(39,883)	(37,765)
Depreciation and amortization	2,859	3,312	4,131
Total assets	372,842	294,581	175,445
PropertyPlantAndEquipmentAdditions	2,507	2,281	2,874
Operating Segments [Member] | Assets Held For Sale
Segment Reporting Information [Line Items]
Total assets	0	10,988	27,584
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Total net sales	(6,487)	(6,460)	(3,330)
Operating income	$ (45,703)	$ (39,883)	$ (37,765)

SEGMENT INFORMATION (Reconcilia

SEGMENT INFORMATION (Reconciliation) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Operating income	$ 423,443	$ 382,683	$ 288,848
Interest expense	(46,980)	(40,240)	(35,545)
Other income, net	12,732	12,067	9,748
Earnings before income taxes	389,195	354,510	263,051
Assets
Total assets	4,449,602	4,103,545	4,021,334
Non Segment Other Assets [Member]
Assets
Total assets	250,644	287,044	126,288
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating income	469,146	422,566	326,613
Assets
Total assets	4,076,760	3,797,976	3,818,305
Operating Segments [Member] | Assets Held For Sale
Assets
Total assets	0	10,988	27,584
Operating Segments [Member] | Corporate And Other [Member]
Segment Reporting Information [Line Items]
Operating income	(45,703)	(39,883)	(37,765)
Assets
Total assets	372,842	294,581	175,445
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Operating income	(45,703)	(39,883)	(37,765)
Non-Segment
Assets
Total assets	$ 122,198	$ 7,537	$ 49,157

SEGMENT INFORMATION (Geographic

SEGMENT INFORMATION (Geographic) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
RevenuesFromExternalCustomersAndLongLivedAssetsLineItems
Net Sales	$ 2,557,025	$ 2,505,931	$ 2,391,336
Property, plant, and equipment, net	342,708	360,031	378,200
United States [Member]
RevenuesFromExternalCustomersAndLongLivedAssetsLineItems
Net Sales	1,879,001	1,856,997	1,758,424
Property, plant, and equipment, net	254,317	261,658	271,299
United Kingdom [Member]
RevenuesFromExternalCustomersAndLongLivedAssetsLineItems
Net Sales	102,965	93,154	90,628
Property, plant, and equipment, net	27,049	31,594	34,221
Other Foreign Countries [Member]
RevenuesFromExternalCustomersAndLongLivedAssetsLineItems
Net Sales	575,059	555,780	542,284
Property, plant, and equipment, net	$ 61,342	$ 66,779	$ 72,680

CONTINGENCIES AND COMMITMENTS (

CONTINGENCIES AND COMMITMENTS (Detail) - USD ($) $ in Thousands	1 Months Ended
	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Asset Retirement Obligation		$ 8,000
Surety Bond Outstanding		35,000
Payments for Legal Settlements	$ 15,000
Loss Contingency, Accrual, Current		10,000
Standby letters of credit
Loss Contingencies [Line Items]
Letters of credit		17,000	$ 21,000
Financial Standby Letter of Credit [Member]
Loss Contingencies [Line Items]
Letters of credit		$ 3,000	$ 5,000

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (190,465)	$ (310,856)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(84,688)	96,382
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	16,237	24,009
Other Comprehensive Income (Loss), Net of Tax	(68,451)	120,391	$ 14,418
Accumulated Other Comprehensive Income (Loss), Net of Tax	(258,916)	(190,465)	(310,856)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(99,566)	(88,737)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(61,241)	(10,829)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0
Other Comprehensive Income (Loss), Net of Tax	(61,241)	(10,829)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(160,807)	(99,566)	(88,737)
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(90,899)	(222,119)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(23,447)	107,211
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	16,237	24,009
Other Comprehensive Income (Loss), Net of Tax	(7,210)	131,220
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (98,109)	$ (90,899)	$ (222,119)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Reclass) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Provision for income taxes	$ (94,847)	$ (87,351)	$ (61,659)
Net earnings	294,348	267,159	$ 201,392
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, before Tax	345	555
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax	(17,198)	(28,905)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Settlements and Curtailments, before Tax	(4,499)	(3,310)
Earnings before income taxes	(21,352)	(31,660)
Provision for income taxes	5,115	7,651
Net earnings	$ (16,237)	$ (24,009)

SCHEDULE II VALUATION AND QUA_3

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
ValuationAndQualifyingAccountsDisclosureLineItems
Valuation Allowances and Reserves, Balance, Beginning Balance	$ 2,625	$ 1,240	$ 3,386
ValuationAllowancesAndReservesChargedToCostAndExpense	3,920	1,864	3,439
ValuationAllowancesAndReservesChargedToOtherAccounts	1	(22)	50
ValuationAllowancesAndReservesDeductions	882	457	5,635
Valuation Allowances and Reserves, Balance, Ending Balance	5,664	2,625	1,240
Net operating loss	9,096	5,384
Industrial Valve Business
ValuationAndQualifyingAccountsDisclosureLineItems
Net operating loss	4,400	3,800
ValuationAllowanceOfDeferredTaxAssetsMember
ValuationAndQualifyingAccountsDisclosureLineItems
Valuation Allowances and Reserves, Balance, Beginning Balance	2,625	1,240	3,386
ValuationAllowancesAndReservesChargedToCostAndExpense	3,920	1,864	3,439
ValuationAllowancesAndReservesChargedToOtherAccounts	1	(22)	50
ValuationAllowancesAndReservesDeductions	882	457	5,635
Valuation Allowances and Reserves, Balance, Ending Balance	$ 5,664	$ 2,625	$ 1,240