Curtiss-Wright (CW) 10-Q 2 Nov 23 2023 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2023	Oct. 31, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
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 Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Small Business	false
Emerging Company	false
Entity Shell Company	false
Entity common stock shares outstanding		38,241,218
Entity Central Index Key	0000026324
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Net Sales
Sales	$ 724,326	$ 630,542	$ 2,059,582	$ 1,799,360
Cost of sales
Total cost of sales	442,858	398,333	1,297,133	1,137,235
Gross profit	281,468	232,209	762,449	662,125
Research and development expenses	23,464	17,387	65,698	61,804
Selling expenses	34,084	31,888	100,782	90,387
General and administrative expenses	91,401	75,351	272,060	239,085
Loss on divestiture	0	0	0	4,651
Operating income	132,519	107,583	323,909	266,198
Interest expense	(12,496)	(13,997)	(40,432)	(33,315)
Other income, net	7,023	3,746	22,744	11,298
Earnings before income taxes	127,046	97,332	306,221	244,181
Provision for income taxes	(30,268)	(23,564)	(71,598)	(58,856)
Net earnings	$ 96,778	$ 73,768	$ 234,623	$ 185,325
Basic earnings per share
Basic earnings per share (usd per share)	$ 2.53	$ 1.92	$ 6.13	$ 4.82
Diluted earnings per share
Diluted earnings per share (usd per share)	2.51	1.91	6.09	4.79
Dividends per share	$ 0.20	$ 0.19	$ 0.59	$ 0.56
Weighted average shares outstanding:
Basic (shares)	38,285	38,368	38,301	38,416
Diluted (shares)	38,558	38,647	38,538	38,655
Product [Member]
Net Sales
Sales	$ 613,915	$ 530,782	$ 1,721,832	$ 1,489,619
Cost of sales
Cost of Goods and Services Sold	380,163	338,264	1,093,469	949,180
Service [Member]
Net Sales
Sales	110,411	99,760	337,750	309,741
Cost of sales
Cost of Goods and Services Sold	$ 62,695	$ 60,069	$ 203,664	$ 188,055

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net earnings		$ 96,778	$ 73,768	$ 234,623	$ 185,325
Other Comprehensive Income (Loss)
Foreign currency translation, net of tax		(28,276)	(50,098)	5,688	(97,259)
Pension and postretirement adjustments, net of tax	[1]	235	3,856	(188)	13,610
Other comprehensive income (loss), net of tax		(28,041)	(46,242)	5,500	(83,649)
Comprehensive income		$ 68,737	$ 27,526	$ 240,123	$ 101,676
[1]The tax expense/(benefit) included in pension and postretirement adjustments for the three and nine months ended September 30, 2023 were immaterial. The tax expense included in pension and postretirement adjustments for the three and nine months ended September 30, 2022 was $1.2 million and $3.1 million, respectively.

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions		3 Months Ended	9 Months Ended
		Sep. 30, 2022	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Pension and postretirement adjustments, tax benefit (expense)	[1]	$ 1.2	$ 3.1
[1]The tax expense/(benefit) included in pension and postretirement adjustments for the three and nine months ended September 30, 2023 were immaterial. The tax expense included in pension and postretirement adjustments for the three and nine months ended September 30, 2022 was $1.2 million and $3.1 million, respectively.

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 148,809	$ 256,974
Receivables, net	790,334	723,304
Inventories, net	540,180	483,113
Other current assets	65,794	52,623
Total current assets	1,545,117	1,516,014
Property, plant, and equipment, net	334,864	342,708
Goodwill	1,546,669	1,544,635
Other intangible assets, net	572,348	620,897
Operating lease right-of-use assets, net	138,809	153,855
Prepaid pension asset	236,089	222,627
Other assets	40,059	47,567
Total assets	4,413,955	4,448,303
Current liabilities:
Current portion of long-term debt	0	202,500
Accounts payable	213,662	266,525
Accrued expenses	188,504	174,440
Deferred revenue	292,514	254,801
Other current liabilities	80,699	82,779
Total current liabilities	775,379	981,045
Long-term debt	1,050,713	1,051,900
Deferred tax liabilities, net	117,113	123,001
Accrued pension and other postretirement benefit costs	57,808	58,348
Long-term operating lease liability	117,320	132,275
Long-term portion of environmental reserves	14,031	12,547
Other liabilities	96,436	107,973
Total liabilities	2,228,800	2,467,089
Stockholders' Equity
Common stock, $1 par value, 100,000,000 shares authorized as of September 30, 2023 and December 31, 2022; 49,187,378 shares issued as of September 30, 2023 and December 31, 2022; outstanding shares were 38,263,012 as of September 30, 2023 and 38,259,722 as of December 31, 2022	49,187	49,187
Additional paid in capital	136,610	134,553
Retained earnings	3,375,502	3,163,491
Accumulated other comprehensive loss	(253,416)	(258,916)
Common treasury stock, at cost (10,924,366 shares as of September 30, 2023 and 10,927,656 shares as of December 31, 2022)	(1,122,728)	(1,107,101)
Total stockholders’ equity	2,185,155	1,981,214
Total liabilities and stockholders’ equity	$ 4,413,955	$ 4,448,303

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, par value (usd per share)	$ 1	$ 1
Common Stock, Shares Authorized (in shares)	100,000,000	100,000,000
Common Stock, Shares, Issued (in shares)	49,187,378	49,187,378
Common Stock, Shares, Outstanding (in shares)	38,263,012	38,259,722
Treasury Stock, Common, Shares (in shares)	10,924,366	10,927,656

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Cash flows from operating activities:
Net earnings	$ 234,623	$ 185,325
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation and amortization	86,836	83,520
Loss on divestiture	0	4,651
Loss/(gain) on sale/disposal of long-lived assets	157	(4,241)
Deferred income taxes	(6,392)	5,759
Share-based compensation	13,213	12,027
Change in operating assets and liabilities, net of businesses acquired and divested:
Accounts receivable, net	(56,138)	(70,548)
Inventories, net	(56,753)	(89,318)
Progress Payments	64	(1,330)
Accounts payable and accrued expenses	(42,020)	(42,360)
Deferred revenue	37,598	(39,230)
Net pension and postretirement liabilities	(14,128)	(3,913)
Other current and long-term assets and liabilities	(31,343)	(37,955)
Net cash provided by operating activities	165,717	2,387
Cash flows from investing activities:
Proceeds from sale/disposal of long-lived assets	464	9,110
Purchases of investments	0	(10,000)
Additions to property, plant, and equipment	(32,037)	(28,789)
Acquisition of business, net of cash acquired	0	(247,215)
Additional consideration paid on prior year acquisitions	0	5,062
Net cash used for investing activities	(31,573)	(281,956)
Cash flows from financing activities:
Borrowings under revolving credit facility	586,230	1,332,219
Payments of revolving credit facilities	(586,230)	(1,038,019)
Principal payments on debt	(202,500)	0
Repurchases of common stock	(37,366)	(44,434)
Proceeds from share-based compensation	10,583	9,997
Dividends paid	(14,950)	(14,220)
Proceeds from (Payments for) Other Financing Activities	(813)	(755)
Net cash (used for)/provided by financing activities	(245,046)	244,788
Effect of exchange-rate changes on cash	2,737	(22,671)
Net decrease in cash and cash equivalents	(108,165)	(57,452)
Cash and cash equivalents at beginning of period	256,974	171,004
Cash and cash equivalents at end of period	$ 148,809	$ 113,552

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands		Total	Previously Reported	Revision of Prior Period, Error Correction, Adjustment	Common Stock	Common Stock Previously Reported	Additional Paid in Capital	Additional Paid in Capital Previously Reported	Retained Earnings	Retained Earnings Previously Reported	Retained Earnings Revision of Prior Period, Error Correction, Adjustment	Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Previously Reported	Treasury Stock	Treasury Stock Previously Reported
Beginning Balance at Dec. 31, 2021					$ 49,187	$ 49,187	$ 127,104	$ 127,104	$ 2,897,922	$ 2,908,827	$ (10,905)	$ (190,465)	$ (190,465)	$ (1,068,163)	$ (1,068,163)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings		$ 185,325							185,325
Other comprehensive income, net of tax		(83,649)										(83,649)
Dividends paid									(21,513)
Restricted stock							(8,523)							8,523
Employee stock purchase plan							1,273							8,724
Share-based compensation							11,882							145
Repurchases of common stock	[1]													(44,434)
Other							(506)							506
Ending Balance at Sep. 30, 2022					49,187		131,230		3,061,734			(274,114)		(1,094,699)
Beginning Balance at Dec. 31, 2021					49,187	49,187	127,104	127,104	2,897,922	2,908,827	(10,905)	(190,465)	(190,465)	(1,068,163)	(1,068,163)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income, net of tax		(68,451)
Ending Balance at Dec. 31, 2022		1,981,214	$ 1,992,119	$ (10,905)	49,187	49,187	134,553	134,553	3,163,491	3,174,396	(10,905)	(258,916)	(258,916)	(1,107,101)	(1,107,101)
Beginning Balance at Jun. 30, 2022					49,187	49,187	126,316	126,316	2,995,259	3,006,164	(10,905)	(227,872)	(227,872)	(1,086,156)	(1,086,156)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings		73,768							73,768
Other comprehensive income, net of tax		(46,242)										(46,242)
Dividends paid									(7,293)
Employee stock purchase plan							459							4,254
Share-based compensation							4,455							(8)
Repurchases of common stock	[1]													(12,789)
Ending Balance at Sep. 30, 2022					49,187		131,230		3,061,734			(274,114)		(1,094,699)
Beginning Balance at Dec. 31, 2022		1,981,214	$ 1,992,119	$ (10,905)	49,187	49,187	134,553	134,553	3,163,491	3,174,396	(10,905)	(258,916)	(258,916)	(1,107,101)	(1,107,101)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings		234,623							234,623
Other comprehensive income, net of tax		5,500										5,500
Dividends paid									(22,612)
Restricted stock							(13,878)							13,878
Employee stock purchase plan							3,312							7,271
Share-based compensation							12,884							329
Repurchases of common stock														(37,366)
Other							(261)							261
Ending Balance at Sep. 30, 2023		2,185,155			49,187		136,610		3,375,502			(253,416)		(1,122,728)
Beginning Balance at Jun. 30, 2023					49,187	$ 49,187	130,846	$ 130,846	3,286,376	$ 3,297,281	$ (10,905)	(225,375)	$ (225,375)	(1,113,675)	$ (1,113,675)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings		96,778							96,778
Other comprehensive income, net of tax		(28,041)										(28,041)
Dividends paid									(7,652)
Employee stock purchase plan							1,829							3,529
Share-based compensation							3,935							419
Repurchases of common stock														(13,001)
Ending Balance at Sep. 30, 2023		$ 2,185,155			$ 49,187		$ 136,610		$ 3,375,502			$ (253,416)		$ (1,122,728)
[1]For the three and nine months ended September 30, 2023, the Corporation repurchased approximately 0.1 million and 0.2 million shares of its common stock, respectively. For the three and nine months ended September 30, 2022, the Corporation repurchased approximately 0.1 million and 0.3 million shares of its common stock, respectively.

STATEMENT OF STOCKHOLDERS' EQUI

STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical) - shares shares in Millions		3 Months Ended		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Stockholders' Equity [Abstract]
Treasury Stock, Shares, Acquired	[1]	0.1	0.1	0.2	0.3
[1]For the three and nine months ended September 30, 2023, the Corporation repurchased approximately 0.1 million and 0.2 million shares of its common stock, respectively. For the three and nine months ended September 30, 2022, the Corporation repurchased approximately 0.1 million and 0.3 million shares of its common stock, respectively.

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Curtiss-Wright Corporation along with its subsidiaries (we, the Corporation, or the Company) is a global integrated business that provides highly engineered products, solutions, and services mainly to aerospace & defense (A&D) markets, as well as critical technologies in demanding commercial power, process, and industrial markets. The unaudited condensed consolidated financial statements include the accounts of Curtiss-Wright and its majority-owned subsidiaries. All intercompany transactions and accounts have been eliminated. The unaudited condensed consolidated financial statements of the Corporation have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in annual financial statements have been condensed or omitted as permitted by such rules and regulations. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments necessary for a fair presentation of these financial statements. Management is required to make estimates and judgments that affect the reported amount of assets, liabilities, revenue, and expenses and disclosure of contingent assets and liabilities in the accompanying financial statements. Actual results may differ from these estimates. The most significant of these estimates includes the estimate of costs to complete using the over-time revenue recognition accounting method, pension plan and postretirement obligation assumptions, estimates for inventory obsolescence, fair value estimates around assets and assumed liabilities from acquisitions, estimates for the valuation and useful lives of intangible assets, legal reserves, and the estimate of future environmental costs. Changes in estimates of contract sales, costs, and profits are recognized using the cumulative catch-up method of accounting. This method recognizes in the current period the cumulative effect of the changes on current and prior periods. Accordingly, the effect of the changes on future periods of contract performance is recognized as if the revised estimate had been the original estimate. During the three and nine months ended September 30, 2023 and 2022, there were no significant changes in estimated contract costs. In the opinion of management, all adjustments considered necessary for a fair presentation have been reflected in these financial statements.

CORRECTION OF PRIOR PERIOD ERRO

CORRECTION OF PRIOR PERIOD ERROR	9 Months Ended
	Sep. 30, 2023
Accounting Changes and Error Corrections [Abstract]
CORRECTION OF PRIOR PERIOD ERROR	CORRECTION OF PRIOR PERIOD ERROR During the third quarter of 2023, the Corporation identified an error related to a single long-term contract within a subsidiary of its Naval & Power segment. The error primarily impacts 2020 and 2021, whereby certain events occurring during the pandemic, including constructive changes to the contract as well as labor inefficiencies and hiring delays due to a facility relocation, were not reflected in the contract’s estimated costs of completion. In accordance with Staff Accounting Bulletin ("SAB") Nos. 99 and 108, the Corporation evaluated this error and, based on an analysis of quantitative and qualitative factors, determined that it was not material to any one of the prior reporting periods affected and, therefore, amendment of previously filed reports with the Securities and Exchange Commission is not required. However, if the adjustment to correct the cumulative effect of the aforementioned error had been recorded in the three and nine months ended September 30, 2023, the impact would have been qualitatively material to the Condensed Consolidated Statements of Earnings for those respective periods. Therefore, in accordance with SAB 108, the Corporation has revised the applicable prior period financial statements included within this filing, as summarized below. The net impact of the error resulted in an overstatement of previously reported total net sales and net earnings of approximately $5 million and $4 million, respectively, for the year ended December 31, 2021 and an overstatement of previously reported total net sales and net earnings of approximately $8 million and $7 million, respectively, for the year ended December 31, 2020. The impact of the error on previously reported total net sales and net earnings was inconsequential for the year ended December 31, 2022. The Company will revise its consolidated financial statements as of and for the year ended December 31, 2021 in conjunction with the issuance of the 2023 Form 10-K. The error did not impact net cash provided by operating activities within the Condensed Consolidated Statements of Cash Flows in any prior period. The Condensed Consolidated Balance Sheet as of December 31, 2022 has been revised as follows: (In thousands) As previously reported Corrections As revised Receivables, net $ 724,603 $ (1,299) $ 723,304 Total current assets 1,517,313 (1,299) 1,516,014 Total assets 4,449,602 (1,299) 4,448,303 Accrued expenses 177,536 (3,096) 174,440 Deferred revenue 242,483 12,318 254,801 Other current liabilities 82,395 384 82,779 Total current liabilities 971,439 9,606 981,045 Total liabilities 2,457,483 9,606 2,467,089 Retained earnings 3,174,396 (10,905) 3,163,491 Total stockholders' equity 1,992,119 (10,905) 1,981,214 Total liabilities and stockholders' equity 4,449,602 (1,299) 4,448,303

REVENUE

REVENUE	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE The Corporation recognizes revenue when control of a promised good and/or service is transferred to a customer in an amount that reflects the consideration that the Corporation expects to be entitled to in exchange for that good and/or service. Performance Obligations The Corporation identifies a performance obligation for each promise in a contract to transfer a distinct good or service to the customer. As part of its assessment, the Corporation considers all goods and/or services promised in the contract, regardless of whether they are explicitly stated or implied by customary business practices. The Corporation’s contracts may contain either a single performance obligation, including the promise to transfer individual goods or services that are not separately distinct within the context of the respective contracts, or multiple performance obligations. For contracts with multiple performance obligations, the Corporation allocates the overall transaction price to each performance obligation using standalone selling prices, where available, or utilizes estimates for each distinct good or service in the contract where standalone prices are not available. The Corporation’s performance obligations are satisfied either at a point-in-time or on an over-time basis. 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. 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 three and nine months ended September 30, 2023 and 2022: Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Over-time 47 % 50 % 47 % 52 % Point-in-time 53 % 50 % 53 % 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 $2.9 billion as of September 30, 2023, of which the Corporation expects to recognize approximately 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 Three Months Ended Nine Months Ended September 30, September 30, (In thousands) 2023 2022 2023 2022 Aerospace & Defense Aerospace Defense $ 148,023 $ 114,431 $ 380,095 $ 306,980 Ground Defense 83,185 54,890 220,317 138,391 Naval Defense 179,862 174,844 532,773 510,597 Commercial Aerospace 79,703 70,257 232,226 199,341 Total Aerospace & Defense $ 490,773 $ 414,422 $ 1,365,411 $ 1,155,309 Commercial Power & Process $ 122,118 $ 110,559 $ 373,457 $ 340,702 General Industrial 111,435 105,561 320,714 303,349 Total Commercial $ 233,553 $ 216,120 $ 694,171 $ 644,051 Total $ 724,326 $ 630,542 $ 2,059,582 $ 1,799,360 Contract Balances Timing of revenue recognition and cash collection may result in billed receivables, unbilled receivables (contract assets), and deferred revenue (contract liabilities) on the Condensed Consolidated Balance Sheet. The Corporation’s contract assets primarily relate to its rights to consideration for work completed but not billed as of the reporting date. Contract assets are transferred to billed receivables when the rights to consideration become unconditional. This is typical in situations where amounts are billed as work progresses in accordance with agreed-upon contractual terms or upon achievement of contractual milestones. The Corporation’s contract liabilities primarily consist of customer advances received prior to revenue being earned. Revenue recognized during the three and nine months ended September 30, 2023 included in the contract liabilities balance as of January 1, 2023 was approximately $38 million and $185 million, respectively. Revenue recognized during the three and nine months ended September 30, 2022 included in the contract liabilities balance as of January 1, 2022 was approximately $54 million and $189 million, respectively. Contract assets and contract liabilities are reported in the "Receivables, net" and "Deferred revenue" lines, respectively, within the Condensed Consolidated Balance Sheet.

RECEIVABLES

RECEIVABLES	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
RECEIVABLES	RECEIVABLES Receivables primarily include amounts billed to customers, unbilled charges on long-term contracts consisting of amounts recognized as sales but not billed, and other receivables. Substantially all amounts of unbilled receivables are expected to be billed and collected within one year. An immaterial amount of unbilled receivables are subject to retainage provisions. The amount of claims and unapproved change orders within our receivables balances are immaterial. The composition of receivables is as follows: (In thousands) September 30, 2023 December 31, 2022 Billed receivables: Trade and other receivables $ 465,138 $ 412,682 Unbilled receivables (contract assets): Recoverable costs and estimated earnings not billed 329,439 315,383 Less: Progress payments applied (10) (67) Net unbilled receivables 329,429 315,316 Less: Allowance for doubtful accounts (4,233) (4,694) Receivables, net $ 790,334 $ 723,304

INVENTORIES

INVENTORIES	9 Months Ended
	Sep. 30, 2023
Inventory, Net [Abstract]
INVENTORIES	INVENTORIES Inventoried costs contain amounts relating to long-term contracts and programs with long production cycles, a portion of which will not be realized within one year. Long-term contract inventory includes an immaterial amount of claims or other similar items subject to uncertainty concerning their determination or realization. Inventories are valued at the lower of cost or net realizable value. The composition of inventories is as follows: (In thousands) September 30, 2023 December 31, 2022 Raw materials $ 248,932 $ 242,116 Work-in-process 108,304 76,328 Finished goods 141,884 128,090 Inventoried costs related to U.S. Government and other long-term contracts (1) 43,735 39,685 Inventories, net of reserves 542,855 486,219 Less: Progress payments applied (2,675) (3,106) Inventories, net $ 540,180 $ 483,113 (1) This caption includes capitalized development costs of $14.5 million as of September 30, 2023 related to certain aerospace and defense programs. These capitalized costs will be liquidated as units are produced under contract. As of September 30, 2023, capitalized development costs of $7.7 million are not currently supported by existing firm orders.

GOODWILL

GOODWILL	9 Months Ended
	Sep. 30, 2023
Goodwill [Abstract]
GOODWILL	GOODWILL The Corporation accounts for acquisitions by assigning the purchase price to acquired tangible and intangible assets and liabilities assumed. Assets acquired and liabilities assumed are recorded at their fair values, and the excess of the purchase price over the amounts assigned is recorded as goodwill. The changes in the carrying amount of goodwill for the nine months ended September 30, 2023 are as follows: (In thousands) Aerospace & Industrial Defense Electronics Naval & Power Consolidated December 31, 2022 $ 321,550 $ 702,786 $ 520,299 $ 1,544,635 Foreign currency translation adjustment 716 923 395 2,034 September 30, 2023 $ 322,266 $ 703,709 $ 520,694 $ 1,546,669

OTHER INTANGIBLE ASSETS, NET

OTHER INTANGIBLE ASSETS, NET	9 Months Ended
	Sep. 30, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]
OTHER INTANGIBLE ASSETS, NET	OTHER INTANGIBLE ASSETS, NET Intangible assets are generally the result of acquisitions and consist primarily of purchased technology and customer related intangibles. Intangible assets are amortized over useful lives that range between 1 to 20 years. The following tables present the cumulative composition of the Corporation’s intangible assets: September 30, 2023 December 31, 2022 (In thousands) Gross Accumulated Amortization Net Gross Accumulated Amortization Net Technology $ 307,852 $ (191,018) $ 116,834 $ 306,160 $ (176,675) $ 129,485 Customer related intangibles 667,427 (327,490) 339,937 666,638 (298,160) 368,478 Programs (1) 144,000 (39,600) 104,400 144,000 (34,200) 109,800 Other intangible assets 53,924 (42,747) 11,177 53,879 (40,745) 13,134 Total $ 1,173,203 $ (600,855) $ 572,348 $ 1,170,677 $ (549,780) $ 620,897 (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. Total intangible amortization expense for the nine months ended September 30, 2023 was $49 million, as compared to $46 million in the comparable prior year period. 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

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS Forward Foreign Exchange and Currency Option Contracts The Corporation has foreign currency exposure primarily in the United Kingdom, Europe, and Canada. The Corporation uses financial instruments, such as forward and option contracts, to hedge a portion of existing and anticipated foreign currency denominated transactions. The purpose of the Corporation’s foreign currency risk management program is to reduce volatility in earnings caused by exchange rate fluctuations. Guidance on accounting for derivative instruments and hedging activities requires companies to recognize all of the derivative financial instruments as either assets or liabilities at fair value in the Condensed Consolidated Balance Sheets based upon quoted market prices for comparable instruments. Interest Rate Risks and Related Strategies The Corporation’s primary interest rate exposure results from changes in U.S. dollar interest rates. The Corporation’s policy is to manage interest cost using a mix of fixed and variable rate debt. Effects on Condensed Consolidated Balance Sheets As of September 30, 2023 and December 31, 2022, the fair values of the asset and liability derivative instruments were immaterial. Effects on Condensed Consolidated Statements of Earnings Undesignated hedges The gains and losses on forward exchange derivative contracts not designated for hedge accounting are recognized to general and administrative expenses within the Condensed Consolidated Statements of Earnings. The gains and (losses) for the three and nine months ended September 30, 2023 were ($5) million and $2 million, respectively. The losses for the three and nine months ended September 30, 2022 were $6 million and $12 million, respectively. Debt The estimated fair value amounts were determined by the Corporation using available market information that is primarily based on quoted market prices for the same or similar issuances as of September 30, 2023. Accordingly, all of the Corporation’s debt is valued as a Level 2 financial instrument. The fair values described below may not be indicative of net realizable value or reflective of future fair values. Furthermore, the use of different methodologies to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. September 30, 2023 December 31, 2022 (In thousands) Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value 3.70% Senior notes due 2023 — — 202,500 202,082 3.85% Senior notes due 2025 90,000 87,108 90,000 87,298 4.24% Senior notes due 2026 200,000 190,364 200,000 191,760 4.05% Senior notes due 2028 67,500 62,555 67,500 63,300 4.11% Senior notes due 2028 90,000 82,716 90,000 83,955 3.10% Senior notes due 2030 150,000 124,941 150,000 127,429 3.20% Senior notes due 2032 150,000 119,769 150,000 123,656 4.49% Senior notes due 2032 200,000 176,107 200,000 183,007 4.64% Senior notes due 2034 100,000 86,470 100,000 90,341 Total debt 1,047,500 930,030 1,250,000 1,152,828 Debt issuance costs, net (1,597) (1,597) (1,631) (1,631) Unamortized interest rate swap proceeds 4,810 4,810 6,031 6,031 Total debt, net $ 1,050,713 $ 933,243 $ 1,254,400 $ 1,157,228

PENSION PLANS

PENSION PLANS	9 Months Ended
	Sep. 30, 2023
Retirement Benefits, Description [Abstract]
PENSION PLANS	PENSION PLANS Defined Benefit Pension Plans The following table is a consolidated disclosure of all domestic and foreign defined benefit pension plans as described in the Corporation’s 2022 Annual Report on Form 10-K. The components of net periodic pension cost for the three and nine months ended September 30, 2023 and 2022 were as follows: Three Months Ended Nine Months Ended September 30, September 30, (In thousands) 2023 2022 2023 2022 Service cost $ 4,167 $ 5,770 $ 12,431 $ 17,803 Interest cost 8,665 5,442 26,266 16,148 Expected return on plan assets (15,582) (13,525) (47,260) (41,240) Amortization of prior service cost (34) 155 (100) (18) Amortization of unrecognized actuarial loss (89) 4,785 64 12,636 Cost of settlements — — — 1,842 Net periodic pension cost $ (2,873) $ 2,627 $ (8,599) $ 7,171 The Corporation did not make any contributions to the Curtiss-Wright Pension Plan during the nine months ended September 30, 2023, and does not expect to do so throughout the remainder of the year. Contributions to the foreign benefit plans are not expected to be material in 2023. During the nine months ended September 30, 2022, the Company recognized settlement charges related to the retirement of former executives. The settlement charges represent events that are accounted for under guidance on employers’ accounting for settlements and curtailments of defined benefit pension plans. Defined Contribution Retirement Plan The Company also maintains a defined contribution plan for all non-union employees who are not currently receiving final or career average pay benefits for its U.S. subsidiaries. The employer contributions include both employer match and non-elective contribution components up to a maximum employer contribution of 7% of eligible compensation. During the three and nine months ended September 30, 2023, the expense relating to the plan was $5.2 million and $17.4 million, respectively. During the

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Diluted earnings per share was computed based on the weighted-average number of shares outstanding plus all potentially dilutive common shares. A reconciliation of basic to diluted shares used in the earnings per share calculation is as follows: Three Months Ended Nine Months Ended September 30, September 30, (In thousands) 2023 2022 2023 2022 Basic weighted-average shares outstanding 38,285 38,368 38,301 38,416 Dilutive effect of deferred stock compensation 273 279 237 239 Diluted weighted-average shares outstanding 38,558 38,647 38,538 38,655 For the three and nine months ended September 30, 2023, approximately 5,000 and 16,000 shares, respectively, issuable under equity-based awards were excluded from the calculation of diluted earnings per share as they were anti-dilutive based on the average stock price during the period. There were approximately 49,000 and 37,000 anti-dilutive equity-based awards for the three and nine months ended September 30, 2022, respectively.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Corporation’s measure of segment profit or loss is operating income. Interest expense and income taxes are not reported on an operating segment basis as they are not considered in the segments’ performance evaluation by the Corporation’s chief operating decision-maker, its Chief Executive Officer. Net sales and operating income by reportable segment were as follows: Three Months Ended Nine Months Ended September 30, September 30, (In thousands) 2023 2022 2023 2022 Net sales Aerospace & Industrial $ 220,700 $ 213,656 $ 651,052 $ 614,817 Defense Electronics 216,775 162,233 578,252 456,575 Naval & Power 288,002 256,277 835,547 732,905 Less: Intersegment revenues (1,151) (1,624) (5,269) (4,937) Total consolidated $ 724,326 $ 630,542 $ 2,059,582 $ 1,799,360 Operating income (expense) Aerospace & Industrial $ 39,014 $ 39,080 $ 101,224 $ 96,397 Defense Electronics 56,212 36,588 122,760 84,338 Naval & Power 47,663 41,576 132,382 118,865 Corporate and other (1) (10,370) (9,661) (32,457) (33,402) Total consolidated $ 132,519 $ 107,583 $ 323,909 $ 266,198 (1) Includes pension and other postretirement benefit expense, certain environmental costs related to remediation at legacy sites, foreign currency transactional gains and losses, and certain other expenses. Adjustments to reconcile operating income to earnings before income taxes are as follows: Three Months Ended Nine Months Ended September 30, September 30, (In thousands) 2023 2022 2023 2022 Total operating income $ 132,519 $ 107,583 $ 323,909 $ 266,198 Interest expense 12,496 13,997 40,432 33,315 Other income, net 7,023 3,746 22,744 11,298 Earnings before income taxes $ 127,046 $ 97,332 $ 306,221 $ 244,181 (In thousands) September 30, 2023 December 31, 2022 Identifiable assets Aerospace & Industrial $ 1,043,750 $ 1,041,562 Defense Electronics 1,551,148 1,546,331 Naval & Power 1,517,694 1,487,568 Corporate and Other 301,363 372,842 Total consolidated $ 4,413,955 $ 4,448,303

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	9 Months Ended
	Sep. 30, 2023
Stockholders' Equity Note [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The cumulative balance of each component of accumulated other comprehensive income (AOCI), net of tax, is as follows: (In thousands) Foreign currency translation adjustments, net Total pension and postretirement adjustments, net Accumulated other comprehensive income (loss) December 31, 2021 $ (99,566) $ (90,899) $ (190,465) Other comprehensive income (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 income (loss) (61,241) (7,210) (68,451) December 31, 2022 $ (160,807) $ (98,109) $ (258,916) Other comprehensive income (loss) before reclassifications (1) 5,688 (155) 5,533 Amounts reclassified from accumulated other comprehensive income (1) — (33) (33) Net current period other comprehensive income (loss) 5,688 (188) 5,500 September 30, 2023 $ (155,119) $ (98,297) $ (253,416) (1) All amounts are after tax. Details of amounts reclassified from accumulated other comprehensive income (loss) are below: (In thousands) Amount reclassified from AOCI Affected line item in the statement where net earnings is presented Defined benefit pension and other postretirement benefit plans Amortization of prior service costs $ 100 Other income, net Amortization of actuarial losses (64) Other income, net 36 Earnings before income taxes (3) Provision for income taxes Total reclassifications $ 33 Net earnings

CONTINGENCIES AND COMMITMENTS

CONTINGENCIES AND COMMITMENTS	9 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES AND COMMITMENTS	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 expect that such legal proceedings will have a material adverse impact on its condensed consolidated financial statements. Legal Proceedings The Corporation has been named in a number of lawsuits that allege injury from exposure to asbestos. To date, the Corporation has not been found liable for or paid any material sum of money in settlement in any asbestos-related case. The Corporation believes its minimal use of asbestos in its past operations as well as its acquired businesses’ operations and the relatively non-friable condition of asbestos in its historical products makes it unlikely that it will face material liability in any asbestos litigation, whether individually or in the aggregate. The Corporation maintains insurance coverage and indemnification agreements for these potential liabilities and believes adequate coverage exists to cover any unanticipated asbestos liability. Letters of Credit and Other Financial Arrangements The Corporation enters into standby letters of credit agreements and guarantees with financial institutions and customers primarily relating to guarantees of repayment, future performance on certain contracts to provide products and services, and to secure advance payments from certain international customers. As of September 30, 2023 and December 31, 2022, there were $22 million and $17 million of stand-by letters of credit outstanding, respectively, and $14 million and $3 million of bank guarantees outstanding, respectively. In addition, the Corporation is required to provide the Nuclear Regulatory Commission financial assurance demonstrating its ability to cover the cost of decommissioning its Cheswick, Pennsylvania facility upon closure, though the Corporation does not intend to close this facility. The Corporation has provided this financial assurance in the form of a $35 million surety bond. ******

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net earnings	$ 96,778	$ 73,768	$ 234,623	$ 185,325

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis Of Accounting	Curtiss-Wright Corporation along with its subsidiaries (we, the Corporation, or the Company) is a global integrated business that provides highly engineered products, solutions, and services mainly to aerospace & defense (A&D) markets, as well as critical technologies in demanding commercial power, process, and industrial markets. The unaudited condensed consolidated financial statements include the accounts of Curtiss-Wright and its majority-owned subsidiaries. All intercompany transactions and accounts have been eliminated. The unaudited condensed consolidated financial statements of the Corporation have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in annual financial statements have been condensed or omitted as permitted by such rules and regulations. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments necessary for a fair presentation of these financial statements. Management is required to make estimates and judgments that affect the reported amount of assets, liabilities, revenue, and expenses and disclosure of contingent assets and liabilities in the accompanying financial statements. Actual results may differ from these estimates. The most significant of these estimates includes the estimate of costs to complete using the over-time revenue recognition accounting method, pension plan and postretirement obligation assumptions, estimates for inventory obsolescence, fair value estimates around assets and assumed liabilities from acquisitions, estimates for the valuation and useful lives of intangible assets, legal reserves, and the estimate of future environmental costs. Changes in estimates of contract sales, costs, and profits are recognized using the cumulative catch-up method of accounting. This method recognizes in the current period the cumulative effect of the changes on current and prior periods. Accordingly, the effect of the changes on future periods of contract performance is recognized as if the revised estimate had been the original estimate. During the three and nine months ended September 30, 2023 and 2022, there were no significant changes in estimated contract costs. In the opinion of management, all adjustments considered necessary for a fair presentation have been reflected in these financial statements.

CORRECTION OF PRIOR PERIOD ER_2

CORRECTION OF PRIOR PERIOD ERROR (Tables)	9 Months Ended
	Sep. 30, 2023
Accounting Changes and Error Corrections [Abstract]
Schedule of Error Corrections and Prior Period Adjustments	The Condensed Consolidated Balance Sheet as of December 31, 2022 has been revised as follows: (In thousands) As previously reported Corrections As revised Receivables, net $ 724,603 $ (1,299) $ 723,304 Total current assets 1,517,313 (1,299) 1,516,014 Total assets 4,449,602 (1,299) 4,448,303 Accrued expenses 177,536 (3,096) 174,440 Deferred revenue 242,483 12,318 254,801 Other current liabilities 82,395 384 82,779 Total current liabilities 971,439 9,606 981,045 Total liabilities 2,457,483 9,606 2,467,089 Retained earnings 3,174,396 (10,905) 3,163,491 Total stockholders' equity 1,992,119 (10,905) 1,981,214 Total liabilities and stockholders' equity 4,449,602 (1,299) 4,448,303

REVENUE (Tables)

REVENUE (Tables)	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table illustrates the approximate percentage of revenue recognized for performance obligations satisfied over-time versus at a point-in-time for the three and nine months ended September 30, 2023 and 2022: Three Months Ended Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Over-time 47 % 50 % 47 % 52 % Point-in-time 53 % 50 % 53 % 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 Three Months Ended Nine Months Ended September 30, September 30, (In thousands) 2023 2022 2023 2022 Aerospace & Defense Aerospace Defense $ 148,023 $ 114,431 $ 380,095 $ 306,980 Ground Defense 83,185 54,890 220,317 138,391 Naval Defense 179,862 174,844 532,773 510,597 Commercial Aerospace 79,703 70,257 232,226 199,341 Total Aerospace & Defense $ 490,773 $ 414,422 $ 1,365,411 $ 1,155,309 Commercial Power & Process $ 122,118 $ 110,559 $ 373,457 $ 340,702 General Industrial 111,435 105,561 320,714 303,349 Total Commercial $ 233,553 $ 216,120 $ 694,171 $ 644,051 Total $ 724,326 $ 630,542 $ 2,059,582 $ 1,799,360

RECEIVABLES (Table)

RECEIVABLES (Table)	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
Schedule Of Accounts Notes Loans And Financing Receivable	The composition of receivables is as follows: (In thousands) September 30, 2023 December 31, 2022 Billed receivables: Trade and other receivables $ 465,138 $ 412,682 Unbilled receivables (contract assets): Recoverable costs and estimated earnings not billed 329,439 315,383 Less: Progress payments applied (10) (67) Net unbilled receivables 329,429 315,316 Less: Allowance for doubtful accounts (4,233) (4,694) Receivables, net $ 790,334 $ 723,304

INVENTORIES (Table)

INVENTORIES (Table)	9 Months Ended
	Sep. 30, 2023
Inventory, Net [Abstract]
Schedule Of Inventory	The composition of inventories is as follows: (In thousands) September 30, 2023 December 31, 2022 Raw materials $ 248,932 $ 242,116 Work-in-process 108,304 76,328 Finished goods 141,884 128,090 Inventoried costs related to U.S. Government and other long-term contracts (1) 43,735 39,685 Inventories, net of reserves 542,855 486,219 Less: Progress payments applied (2,675) (3,106) Inventories, net $ 540,180 $ 483,113

GOODWILL (Table)

GOODWILL (Table)	9 Months Ended
	Sep. 30, 2023
Goodwill [Abstract]
Schedule Of Goodwill	The changes in the carrying amount of goodwill for the nine months ended September 30, 2023 are as follows: (In thousands) Aerospace & Industrial Defense Electronics Naval & Power Consolidated December 31, 2022 $ 321,550 $ 702,786 $ 520,299 $ 1,544,635 Foreign currency translation adjustment 716 923 395 2,034 September 30, 2023 $ 322,266 $ 703,709 $ 520,694 $ 1,546,669

OTHER INTANGIBLE ASSETS, NET (T

OTHER INTANGIBLE ASSETS, NET (Table)	9 Months Ended
	Sep. 30, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule Of Intangible Assets By Major Class	The following tables present the cumulative composition of the Corporation’s intangible assets: September 30, 2023 December 31, 2022 (In thousands) Gross Accumulated Amortization Net Gross Accumulated Amortization Net Technology $ 307,852 $ (191,018) $ 116,834 $ 306,160 $ (176,675) $ 129,485 Customer related intangibles 667,427 (327,490) 339,937 666,638 (298,160) 368,478 Programs (1) 144,000 (39,600) 104,400 144,000 (34,200) 109,800 Other intangible assets 53,924 (42,747) 11,177 53,879 (40,745) 13,134 Total $ 1,173,203 $ (600,855) $ 572,348 $ 1,170,677 $ (549,780) $ 620,897
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

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Table)	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	September 30, 2023 December 31, 2022 (In thousands) Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value 3.70% Senior notes due 2023 — — 202,500 202,082 3.85% Senior notes due 2025 90,000 87,108 90,000 87,298 4.24% Senior notes due 2026 200,000 190,364 200,000 191,760 4.05% Senior notes due 2028 67,500 62,555 67,500 63,300 4.11% Senior notes due 2028 90,000 82,716 90,000 83,955 3.10% Senior notes due 2030 150,000 124,941 150,000 127,429 3.20% Senior notes due 2032 150,000 119,769 150,000 123,656 4.49% Senior notes due 2032 200,000 176,107 200,000 183,007 4.64% Senior notes due 2034 100,000 86,470 100,000 90,341 Total debt 1,047,500 930,030 1,250,000 1,152,828 Debt issuance costs, net (1,597) (1,597) (1,631) (1,631) Unamortized interest rate swap proceeds 4,810 4,810 6,031 6,031 Total debt, net $ 1,050,713 $ 933,243 $ 1,254,400 $ 1,157,228

PENSION PLANS (Table)

PENSION PLANS (Table)	9 Months Ended
	Sep. 30, 2023
Pension Plans Defined Benefit [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Schedule Of Defined Benefit Plans Disclosures	The components of net periodic pension cost for the three and nine months ended September 30, 2023 and 2022 were as follows: Three Months Ended Nine Months Ended September 30, September 30, (In thousands) 2023 2022 2023 2022 Service cost $ 4,167 $ 5,770 $ 12,431 $ 17,803 Interest cost 8,665 5,442 26,266 16,148 Expected return on plan assets (15,582) (13,525) (47,260) (41,240) Amortization of prior service cost (34) 155 (100) (18) Amortization of unrecognized actuarial loss (89) 4,785 64 12,636 Cost of settlements — — — 1,842 Net periodic pension cost $ (2,873) $ 2,627 $ (8,599) $ 7,171

EARNINGS PER SHARE (Table)

EARNINGS PER SHARE (Table)	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Reconciliation	A reconciliation of basic to diluted shares used in the earnings per share calculation is as follows: Three Months Ended Nine Months Ended September 30, September 30, (In thousands) 2023 2022 2023 2022 Basic weighted-average shares outstanding 38,285 38,368 38,301 38,416 Dilutive effect of deferred stock compensation 273 279 237 239 Diluted weighted-average shares outstanding 38,558 38,647 38,538 38,655

SEGMENT INFORMATION (Table)

SEGMENT INFORMATION (Table)	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Schedule Of Segment Reporting Information By Segment	Net sales and operating income by reportable segment were as follows: Three Months Ended Nine Months Ended September 30, September 30, (In thousands) 2023 2022 2023 2022 Net sales Aerospace & Industrial $ 220,700 $ 213,656 $ 651,052 $ 614,817 Defense Electronics 216,775 162,233 578,252 456,575 Naval & Power 288,002 256,277 835,547 732,905 Less: Intersegment revenues (1,151) (1,624) (5,269) (4,937) Total consolidated $ 724,326 $ 630,542 $ 2,059,582 $ 1,799,360 Operating income (expense) Aerospace & Industrial $ 39,014 $ 39,080 $ 101,224 $ 96,397 Defense Electronics 56,212 36,588 122,760 84,338 Naval & Power 47,663 41,576 132,382 118,865 Corporate and other (1) (10,370) (9,661) (32,457) (33,402) Total consolidated $ 132,519 $ 107,583 $ 323,909 $ 266,198 (1) Includes pension and other postretirement benefit expense, certain environmental costs related to remediation at legacy sites, foreign currency transactional gains and losses, and certain other expenses.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	Adjustments to reconcile operating income to earnings before income taxes are as follows: Three Months Ended Nine Months Ended September 30, September 30, (In thousands) 2023 2022 2023 2022 Total operating income $ 132,519 $ 107,583 $ 323,909 $ 266,198 Interest expense 12,496 13,997 40,432 33,315 Other income, net 7,023 3,746 22,744 11,298 Earnings before income taxes $ 127,046 $ 97,332 $ 306,221 $ 244,181
Reconciliation Of Assets From Segment To Consolidated	(In thousands) September 30, 2023 December 31, 2022 Identifiable assets Aerospace & Industrial $ 1,043,750 $ 1,041,562 Defense Electronics 1,551,148 1,546,331 Naval & Power 1,517,694 1,487,568 Corporate and Other 301,363 372,842 Total consolidated $ 4,413,955 $ 4,448,303

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Table)	9 Months Ended
	Sep. 30, 2023
Stockholders' Equity Note [Abstract]
Schedule of Comprehensive Income (Loss)	The cumulative balance of each component of accumulated other comprehensive income (AOCI), net of tax, is as follows: (In thousands) Foreign currency translation adjustments, net Total pension and postretirement adjustments, net Accumulated other comprehensive income (loss) December 31, 2021 $ (99,566) $ (90,899) $ (190,465) Other comprehensive income (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 income (loss) (61,241) (7,210) (68,451) December 31, 2022 $ (160,807) $ (98,109) $ (258,916) Other comprehensive income (loss) before reclassifications (1) 5,688 (155) 5,533 Amounts reclassified from accumulated other comprehensive income (1) — (33) (33) Net current period other comprehensive income (loss) 5,688 (188) 5,500 September 30, 2023 $ (155,119) $ (98,297) $ (253,416)
Reclassification out of Accumulated Other Comprehensive Income	Details of amounts reclassified from accumulated other comprehensive income (loss) are below: (In thousands) Amount reclassified from AOCI Affected line item in the statement where net earnings is presented Defined benefit pension and other postretirement benefit plans Amortization of prior service costs $ 100 Other income, net Amortization of actuarial losses (64) Other income, net 36 Earnings before income taxes (3) Provision for income taxes Total reclassifications $ 33 Net earnings

CORRECTION OF PRIOR PERIOD ER_3

CORRECTION OF PRIOR PERIOD ERROR (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2022
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Sales	$ 724,326	$ 630,542	$ 2,059,582	$ 1,799,360
Net earnings	96,778	$ 73,768	234,623	$ 185,325
Receivables, net	790,334		790,334				$ 723,304
Total current assets	1,545,117		1,545,117				1,516,014
Total assets	4,413,955		4,413,955				4,448,303
Accrued expenses	188,504		188,504				174,440
Deferred revenue	292,514		292,514				254,801
Other current liabilities	80,699		80,699				82,779
Total current liabilities	775,379		775,379				981,045
Total liabilities	2,228,800		2,228,800				2,467,089
Retained earnings	3,375,502		3,375,502				3,163,491
Total stockholders' equity	2,185,155		2,185,155				1,981,214
Total liabilities and stockholders' equity	$ 4,413,955		$ 4,413,955				4,448,303
Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Receivables, net							724,603
Total current assets							1,517,313
Total assets							4,449,602
Accrued expenses							177,536
Deferred revenue							242,483
Other current liabilities							82,395
Total current liabilities							971,439
Total liabilities							2,457,483
Retained earnings							3,174,396
Total stockholders' equity							1,992,119
Total liabilities and stockholders' equity							4,449,602
Revision of Prior Period, Error Correction, Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Sales					$ (5,000)	$ (8,000)
Net earnings					$ (4,000)	$ (7,000)
Receivables, net							(1,299)
Total current assets							(1,299)
Total assets							(1,299)
Accrued expenses							(3,096)
Deferred revenue							12,318
Other current liabilities							384
Total current liabilities							9,606
Total liabilities							9,606
Total stockholders' equity							(10,905)
Total liabilities and stockholders' equity							$ (1,299)

REVENUE (Details)

REVENUE (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Sales	$ 724,326	$ 630,542	$ 2,059,582	$ 1,799,360
Aerospace & Defense
Disaggregation of Revenue [Line Items]
Sales	490,773	414,422	1,365,411	1,155,309
Commercial [Member]
Disaggregation of Revenue [Line Items]
Sales	233,553	216,120	694,171	644,051
Aerospace Defense [Member] | Aerospace & Defense
Disaggregation of Revenue [Line Items]
Sales	148,023	114,431	380,095	306,980
Ground Defense [Member] | Aerospace & Defense
Disaggregation of Revenue [Line Items]
Sales	83,185	54,890	220,317	138,391
Naval Defense [Member] | Aerospace & Defense
Disaggregation of Revenue [Line Items]
Sales	179,862	174,844	532,773	510,597
Commercial Aerospace [Member] | Aerospace & Defense
Disaggregation of Revenue [Line Items]
Sales	79,703	70,257	232,226	199,341
Power & Process [Member] | Commercial [Member]
Disaggregation of Revenue [Line Items]
Sales	122,118	110,559	373,457	340,702
General Industrial [Member] | Commercial [Member]
Disaggregation of Revenue [Line Items]
Sales	$ 111,435	$ 105,561	$ 320,714	$ 303,349
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Net Sales, Net, Percent	47%	50%	47%	52%
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Net Sales, Net, Percent	53%	50%	53%	48%

REVENUE (Narrative) (Details)

REVENUE (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability, Revenue Recognized	$ 38	$ 54	$ 185	$ 189
Revenue, Remaining Performance Obligation, Amount	$ 2,900		$ 2,900
Revenue, Remaining Performance Obligation, Percentage	89%		89%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Explanation			36 months

RECEIVABLES (Detail)

RECEIVABLES (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Billed receivables:
Trade and other receivables	$ 465,138	$ 412,682
Unbilled receivables:
Recoverable costs and estimated earnings not billed	329,439	315,383
Less: Progress payments applied	(10)	(67)
Net unbilled receivables	329,429	315,316
Less: Allowance for doubtful accounts	(4,233)	(4,694)
Receivables, net	$ 790,334	$ 723,304

INVENTORIES (Detail)

INVENTORIES (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Inventory, Net [Abstract]
Inventory, Raw Materials, Net of Reserves	$ 248,932	$ 242,116
Inventory, Work in Process, Net of Reserves	108,304	76,328
Inventory, Finished Goods, Net of Reserves	141,884	128,090
Inventory For Long-term Contracts Or Programs, Net Of Reserves	43,735	39,685
Inventories, Net of Reserves	542,855	486,219
Progress Payments Netted Against Inventory for Long-term Contracts or Programs	(2,675)	(3,106)
Inventory, Net, Total	$ 540,180	$ 483,113

INVENTORIES (Narrative) (Detail

INVENTORIES (Narrative) (Detail) $ in Millions	Sep. 30, 2023 USD ($)
Inventory, Net [Abstract]
Other inventory, capitalized costs	$ 14.5
Other inventory capitalized costs not supported by existing firm orders	$ 7.7

GOODWILL (Detail)

GOODWILL (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Goodwill [Roll Forward]
December 31, 2022	$ 1,544,635
Foreign currency translation adjustment	2,034
September 30, 2023	1,546,669
Aerospace & Industrial
Goodwill [Roll Forward]
December 31, 2022	321,550
Foreign currency translation adjustment	716
September 30, 2023	322,266
Defense Electronics
Goodwill [Roll Forward]
December 31, 2022	702,786
Foreign currency translation adjustment	923
September 30, 2023	703,709
Naval & Power
Goodwill [Roll Forward]
December 31, 2022	520,299
Foreign currency translation adjustment	395
September 30, 2023	$ 520,694

OTHER INTANGIBLE ASSETS, NET (D

OTHER INTANGIBLE ASSETS, NET (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Finite Lived Intangible Assets [Line Items]
Gross	$ 1,173,203	$ 1,170,677
Accumulated Amortization	(600,855)	(549,780)
Net	572,348	620,897
Technology [Member]
Finite Lived Intangible Assets [Line Items]
Gross	307,852	306,160
Accumulated Amortization	(191,018)	(176,675)
Net	116,834	129,485
Customer Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Gross	667,427	666,638
Accumulated Amortization	(327,490)	(298,160)
Net	339,937	368,478
Contract and Program Intangible Assets [Member]
Finite Lived Intangible Assets [Line Items]
Gross	144,000	144,000
Accumulated Amortization	(39,600)	(34,200)
Net	104,400	109,800
Other Intangible Assets [Member]
Finite Lived Intangible Assets [Line Items]
Gross	53,924	53,879
Accumulated Amortization	(42,747)	(40,745)
Net	$ 11,177	$ 13,134

OTHER INTANGIBLE ASSETS, NET (N

OTHER INTANGIBLE ASSETS, NET (Narrative) (Detail) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Finite Lived Intangible Assets [Line Items]
Amortization expense	$ 49	$ 46
Future amortization expense in remainder of fiscal year	65
Future amortization expense in year one	56
Future amortization expense in year two	54
Future amortization expense in year three	53
Future amortization expense in year four	$ 50

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS (Income Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
General and Administrative Expense [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	$ (5)	$ (6)	$ 2	$ (12)

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS (Debt) (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 1,050,713	$ 1,254,400
Total debt	1,047,500	1,250,000
Debt issuance costs, net	(1,597)	(1,631)
Unamortized interest rate swap proceeds	4,810	6,031
Estimated Fair Value	933,243	1,157,228
3.70% Senior notes due 2023
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	0	202,500
Estimated Fair Value	$ 0	202,082
Debt Instrument, Interest Rate, Stated Percentage	3.70%
3.85% Senior notes due 2025
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 90,000	90,000
Estimated Fair Value	$ 87,108	87,298
Debt Instrument, Interest Rate, Stated Percentage	3.85%
4.24% Senior notes due 2026
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 200,000	200,000
Estimated Fair Value	$ 190,364	191,760
Debt Instrument, Interest Rate, Stated Percentage	4.24%
4.05% Senior notes due 2028
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 67,500	67,500
Estimated Fair Value	$ 62,555	63,300
Debt Instrument, Interest Rate, Stated Percentage	4.05%
4.11% Senior notes due 2028
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 90,000	90,000
Estimated Fair Value	$ 82,716	83,955
Debt Instrument, Interest Rate, Stated Percentage	4.11%
3.10% Senior notes due 2030
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 150,000	150,000
Estimated Fair Value	$ 124,941	127,429
Debt Instrument, Interest Rate, Stated Percentage	3.10%
3.20% Senior notes due 2032
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 150,000	150,000
Estimated Fair Value	$ 119,769	123,656
Debt Instrument, Interest Rate, Stated Percentage	3.20%
4.49% Senior notes due 2032
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 200,000	200,000
Estimated Fair Value	$ 176,107	183,007
Debt Instrument, Interest Rate, Stated Percentage	4.49%
4.64% Senior notes due 2034
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 100,000	100,000
Estimated Fair Value	$ 86,470	90,341
Debt Instrument, Interest Rate, Stated Percentage	4.64%
Long-term Debt, Gross
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Estimated Fair Value	$ 930,030	$ 1,152,828

PENSION PLANS (Detail)

PENSION PLANS (Detail) - Pension Plans Defined Benefit [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 4,167	$ 5,770	$ 12,431	$ 17,803
Interest cost	8,665	5,442	26,266	16,148
Expected return on plan assets	(15,582)	(13,525)	(47,260)	(41,240)
Amortization of prior service cost	(34)	155	(100)	(18)
Amortization of unrecognized actuarial loss	(89)	4,785	64	12,636
Gain (Loss) Due to Settlement	0	0	0	(1,842)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Total	$ (2,873)	$ 2,627	$ (8,599)	$ 7,171

PENSION PLANS (Narrative) (Deta

PENSION PLANS (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Contribution, Percentage, Maximum			7%
Defined Contribution Plan, Cost	$ 5.2	$ 5.5	$ 17.4	$ 15.8

EARNINGS PER SHARE (Detail)

EARNINGS PER SHARE (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Earnings Per Share Reconciliation [Abstract]
Basic weighted-average shares outstanding (shares)	38,285	38,368	38,301	38,416
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	273	279	237	239
Diluted weighted-average shares outstanding (shares)	38,558	38,647	38,538	38,655

EARNINGS PER SHARE EARNINGS PER

EARNINGS PER SHARE EARNINGS PER SHARE (Anti-dilutive) (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	5,000	49,000	16,000	37,000

SEGMENT INFORMATION (Detail)

SEGMENT INFORMATION (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Net sales	$ 724,326	$ 630,542	$ 2,059,582	$ 1,799,360
Operating income (expense)	132,519	107,583	323,909	266,198
Identifiable assets	4,413,955		4,413,955		$ 4,448,303
Operating Segments | Aerospace & Industrial
Segment Reporting Information [Line Items]
Net sales	220,700	213,656	651,052	614,817
Operating income (expense)	39,014	39,080	101,224	96,397
Identifiable assets	1,043,750		1,043,750		1,041,562
Operating Segments | Defense Electronics
Segment Reporting Information [Line Items]
Net sales	216,775	162,233	578,252	456,575
Operating income (expense)	56,212	36,588	122,760	84,338
Identifiable assets	1,551,148		1,551,148		1,546,331
Operating Segments | Naval & Power
Segment Reporting Information [Line Items]
Net sales	288,002	256,277	835,547	732,905
Operating income (expense)	47,663	41,576	132,382	118,865
Identifiable assets	1,517,694		1,517,694		1,487,568
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Operating income (expense)	(10,370)	(9,661)	(32,457)	(33,402)
Identifiable assets	301,363		301,363		$ 372,842
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	$ (1,151)	$ (1,624)	$ (5,269)	$ (4,937)

SEGMENT INFORMATION (Reconcilia

SEGMENT INFORMATION (Reconciliation) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting [Abstract]
Total operating income	$ 132,519	$ 107,583	$ 323,909	$ 266,198
Interest expense	(12,496)	(13,997)	(40,432)	(33,315)
Other income, net	7,023	3,746	22,744	11,298
Earnings before income taxes	$ 127,046	$ 97,332	$ 306,221	$ 244,181

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			$ (258,916)	$ (190,465)	$ (190,465)
Other comprehensive income (loss) before reclassifications			5,533		(84,688)
Amounts reclassified from accumulated other comprehensive loss			(33)		16,237
Other comprehensive income (loss), net of tax	$ (28,041)	$ (46,242)	5,500	(83,649)	(68,451)
Ending balance	(253,416)		(253,416)		(258,916)
Foreign Currency Translation Adjustments, Net [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(160,807)	(99,566)	(99,566)
Other comprehensive income (loss) before reclassifications			5,688		(61,241)
Amounts reclassified from accumulated other comprehensive loss			0		0
Other comprehensive income (loss), net of tax			5,688		(61,241)
Ending balance	(155,119)		(155,119)		(160,807)
Total Pension and Postretirement Adjustments, Net [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(98,109)	$ (90,899)	(90,899)
Other comprehensive income (loss) before reclassifications			(155)		(23,447)
Amounts reclassified from accumulated other comprehensive loss			(33)		16,237
Other comprehensive income (loss), net of tax			(188)		(7,210)
Ending balance	$ (98,297)		$ (98,297)		$ (98,109)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Reclass) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Earnings before income taxes	$ 127,046	$ 97,332	$ 306,221	$ 244,181
Reclassification out of Accumulated Other Comprehensive Income [Member] | Total Pension and Postretirement Adjustments, Net [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amortization of prior service costs			100
Amortization of actuarial losses			(64)
Earnings before income taxes			36
Provision for income taxes			(3)
Net earnings			$ 33

CONTINGENCIES AND COMMITMENTS (

CONTINGENCIES AND COMMITMENTS (Detail) - USD ($) $ in Millions	Sep. 30, 2023	Dec. 31, 2022
Standby Letters Of Credit [Member]
Loss Contingencies [Line Items]
Letters of credit, outstanding	$ 22	$ 17
FinancialStandbyLetterOfCreditMember
Loss Contingencies [Line Items]
Letters of credit, outstanding	14	$ 3
Surety Bond [Member]
Loss Contingencies [Line Items]
Surety Bond Outstanding	$ 35