Curtiss-Wright (CW) 10-K 20 Feb 24 2023 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2023	Jan. 31, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
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
Document Financial Statement Error Correction [Flag]	true
Document Financial Statement Restatement Recovery Analysis [Flag]	true
Entity Shell Company	false
Entity Public Float			$ 6.2
Entity Common Stock, Shares Outstanding		38,213,391
Documents Incorporated by Reference	Portions of the Proxy Statement of the Registrant with respect to the 2024 Annual Meeting of Stockholders to be held on May 2, 2024 are incorporated by reference into Part III of this Form 10-K, except for Item 402(w) of Regulation S-K that is included in Part III, Item 11 herein.
Entity Central Index Key	0000026324
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
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, 2023	Dec. 31, 2022	Dec. 31, 2021
Net Sales
Sales	$ 2,845,373	$ 2,557,025	$ 2,500,761
Cost of Revenue [Abstract]
Cost of Goods and Services Sold	1,778,195	1,602,416	1,572,959
Gross profit	1,067,178	954,609	927,802
Research and development expenses	85,764	80,836	88,489
Selling expenses	137,088	121,586	116,956
General and administrative expenses	359,724	324,093	326,140
Loss on divestiture	0	4,651	0
Impairment of assets held for sale	0	0	19,088
Operating income	484,602	423,443	377,129
Interest expense	51,393	46,980	40,240
Other income, net	29,861	12,732	12,067
Earnings before income taxes	463,070	389,195	348,956
Provision for income taxes	(108,561)	(94,847)	(86,127)
Net earnings	$ 354,509	$ 294,348	$ 262,829
Basic earnings per share
Basic earnings per share (in shares)	$ 9.26	$ 7.67	$ 6.50
Diluted earnings per share
Diluted earnings per share (in shares)	9.20	7.62	6.47
Dividends per share	$ 0.79	$ 0.75	$ 0.71
Weighted average shares outstanding:
Basic	38,283	38,386	40,417
Diluted	38,529	38,649	40,602
Product
Net Sales
Sales	$ 2,389,711	$ 2,135,882	$ 2,104,447
Cost of Revenue [Abstract]
Cost of Goods and Services Sold	1,507,480	1,348,569	1,330,575
Service [Member]
Net Sales
Sales	455,662	421,143	396,314
Cost of Revenue [Abstract]
Cost of Goods and Services Sold	$ 270,715	$ 253,847	$ 242,384

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net earnings		$ 354,509	$ 294,348	$ 262,829
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent [Abstract]
Foreign currency translation, net of tax	[1]	37,519	(61,241)	(10,829)
Pension and postretirement adjustments, net of tax	[2]	8,174	(7,210)	131,220
Other Comprehensive Income (Loss), Net of Tax		45,693	(68,451)	120,391
Comprehensive Income		$ 400,202	$ 225,897	$ 383,220
[1] The tax benefit (expense) included in other comprehensive income for foreign currency translation adjustments for 2023, 2022, and 2021 was immaterial. The tax benefit (expense) included in other comprehensive income for pension and postretirement adjustments for 2023, 2022, and 2021 was ($3.0) million, $3.1 million, and ($42.3) million, respectively.

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax	$ (3)	$ 3.1	$ (42.3)

CONSOLIDATED BALANCE SHEET

CONSOLIDATED BALANCE SHEET - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 406,867	$ 256,974
Receivables, net	732,678	723,304
Inventories, net	510,033	483,113
Other current assets	67,502	52,623
Total current assets	1,717,080	1,516,014
Property, plant, and equipment, net	332,796	342,708
Goodwill	1,558,826	1,544,635
Other intangible assets, net	557,612	620,897
Operating lease right-of-use assets, net	141,435	153,855
Prepaid pension asset	261,869	222,627
Other assets	51,351	47,567
Total assets	4,620,969	4,448,303
Current liabilities:
Current portion of long-term and short-term debt	0	202,500
Accounts payable	243,833	266,525
Accrued expenses	188,039	174,440
Deferred revenue	303,872	254,801
Other current liabilities	70,800	82,779
Total current liabilities	806,544	981,045
Long-term debt	1,050,362	1,051,900
Deferred tax liabilities	132,319	123,001
Accrued pension and other postretirement benefit costs	66,875	58,348
Long-term operating lease liability	118,611	132,275
Long-term portion of environmental reserves	12,784	12,547
Other liabilities	105,061	107,973
Total liabilities	2,292,556	2,467,089
Contingencies and Commitments (Notes 10, 14, and 19)
STOCKHOLDERS’ EQUITY
Common stock, $1 par value, 100,000,000 shares authorized as of December 31, 2023 and December 31, 2022; 49,187,378 shares issued as of December 31, 2023 and December 31, 2022; outstanding shares were 38,202,754 as of December 31, 2023 and 38,259,722 as of December 31, 2022	49,187	49,187
Additional paid in capital	140,182	134,553
Retained earnings	3,487,751	3,163,491
Accumulated other comprehensive loss	(213,223)	(258,916)
Common treasury stock, at cost (10,984,624 shares as of December 31, 2023 and 10,927,656 shares as of December 31, 2022)	(1,135,484)	(1,107,101)
Total stockholders' equity	2,328,413	1,981,214
Total liabilities and stockholders' equity	$ 4,620,969	$ 4,448,303

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common Stock Par Value	$ 1	$ 1
CommonStockSharesIssued	49,187,378	49,187,378
CommonStockSharesOutstanding	38,202,754	38,259,722
Common stock authorized	100,000,000	100,000,000
Common treasury stock	10,984,624	10,927,656

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net earnings	$ 354,509	$ 294,348	$ 262,829
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	116,172	112,027	114,384
Loss on divestiture	0	4,651	0
Impairment of assets held for sale	0	0	19,088
(Gain) on sale/disposal of long-lived assets	(2,883)	(4,671)	(568)
Deferred income taxes	2,908	(23,635)	(10,200)
Share-based compensation	16,803	15,384	13,450
Changes in operating assets and liabilities, net of businesses acquired and disposed of:
Receivables, net	(2,394)	(75,955)	(61,172)
Inventories, net	(21,568)	(62,562)	13,554
Accounts payable and accrued expenses	11,571	42,493	17,713
Deferred revenue	47,914	(17,646)	14,649
Income taxes	(27,350)	55,847	(14,212)
Pension and postretirement, net	(18,307)	(15,049)	(1,236)
Other	29,286	30,456	(19,389)
Net cash provided by operating activities	448,089	294,776	387,668
Cash flows from investing activities:
Proceeds from sales and disposals of long-lived assets	9,147	9,841	4,045
Purchases of investments	0	(10,000)	0
Additions to property, plant, and equipment	(44,666)	(38,217)	(41,108)
Acquisition of businesses, net of cash acquired	0	(282,429)	0
Payments for Previous Acquisition	0	(5,062)	(5,340)
Net cash used for investing activities	(35,519)	(325,867)	(42,403)
Cash flows from financing activities:
Borrowings under revolving credit facilities	638,116	1,697,647	455,950
Payment of revolving credit facilities	(638,116)	(1,791,547)	(362,050)
Borrowings of debt	0	300,000	0
Principal payments on debt	(202,500)	0	(100,000)
Repurchases of company stock	(50,141)	(56,870)	(343,129)
Proceeds from share-based compensation plans	10,584	9,997	9,705
Dividends paid	(30,249)	(28,779)	(28,660)
Other	(1,097)	(1,020)	(945)
Net cash provided by (used for) financing activities	(273,403)	129,428	(369,129)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations	10,726	(12,367)	(3,380)
Net increase (decrease) in cash and cash equivalents	149,893	85,970	(27,244)
Cash and cash equivalents at beginning of period	256,974	171,004	198,248
Cash and cash equivalents at end of period	$ 406,867	$ 256,974	$ 171,004

STATEMENT OF STOCKHOLDERS' EQUI

STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands		Total	Previously Reported	Revision of Prior Period, Error Correction, Adjustment	Common Stock Member	Additional Paid In Capital Member	Retained Earnings Member	Retained Earnings Member Previously Reported	Retained Earnings Member Revision of Prior Period, Error Correction, Adjustment	Accumulated Other Comprehensive Income Member	Treasury Stock
Beginning Balance at Dec. 31, 2020				$ (7,000)	$ 49,187	$ 122,535	$ 2,663,753	$ 2,670,328	$ (6,575)	$ (310,856)	$ (743,620)
Net earnings		$ 262,829	$ 267,159	(4,330)			262,829
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	[1]										(343,129)
Other						(597)	0				597
Ending Balance at Dec. 31, 2021					49,187	127,104	2,897,922			(190,465)	(1,068,163)
Net earnings		294,348					294,348
Other Comprehensive Income (Loss), Net of Tax		(68,451)								(68,451)
Dividends paid							(28,779)
Restricted Stock						(8,523)					8,523
Stock options exercised, net						1,273					8,724
Share-based compensation						15,205					179
Repurchase of common stock	[1]										(56,870)
Other						(506)					506
Ending Balance at Dec. 31, 2022		1,981,214	$ 1,992,119	$ (10,905)	49,187	134,553	3,163,491			(258,916)	(1,107,101)
Net earnings		354,509
Other Comprehensive Income (Loss), Net of Tax		45,693								45,693
Dividends paid							(30,249)
Restricted Stock						(13,878)					13,878
Stock Issued During Period, Value, Employee Stock Purchase Plan						3,312					7,272
Share-based compensation						16,456					347
Repurchase of common stock	[1]										(50,141)
Other						(261)					261
Ending Balance at Dec. 31, 2023		$ 2,328,413			$ 49,187	$ 140,182	$ 3,487,751			$ (213,223)	$ (1,135,484)
[1]For the years ended December 31, 2023, 2022, and 2021, the Corporation repurchased approximately 0.3 million, 0.4 million, and 2.7 million shares of its common stock, respectively.

STATEMENT OF STOCKHOLDERS' EQ_2

STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical) - shares shares in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Stockholders' Equity [Abstract]
Treasury Stock, Shares, Acquired	0.3	0.4	2.7

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2023
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 Machinery, equipment, and other 3 to 15 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, 2023, 2022, and 2021. 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. Derivatives Interest Rate Risks and Related Strategies The Corporation’s primary interest rate exposure results from changes in U.S. dollar interest rates. The Corporation’s policy is to manage interest cost using a mix of fixed and variable rate debt. The Corporation periodically uses interest rate swaps to manage such exposures. Under these interest rate swaps, the Corporation exchanges, at specified intervals, the difference between fixed and floating interest amounts calculated by reference to an agreed-upon notional principal amount. For interest rate swaps designated as fair value hedges (i.e., hedges against the exposure to changes in the fair value of an asset or a liability or an identified portion thereof that is attributable to a particular risk), changes in the fair value of the interest rate swaps offset changes in the fair value of the fixed rate debt due to changes in market interest rates. Recently Issued Accounting Standards Recently issued accounting standards to be adopted In December 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-09, Income Taxes (Topic 740), Improvement to Income Tax Disclosures , which requires enhanced income tax disclosures, including disaggregation of information in the rate reconciliation table and disaggregated information related to income taxes paid. The ASU is effective for annual reporting periods beginning with the year ending December 31, 2025. Early adoption is permitted. The Company is currently evaluating the impact of adopting this standard on its Consolidated Financial Statements. In November 2023, the FASB issued A SU 2023-07, Segment Reporting (Topic 280), Improvement to Reportable Segment Disclosures

CORRECTION OF PRIOR PERIOD ERRO

CORRECTION OF PRIOR PERIOD ERROR	12 Months Ended
	Dec. 31, 2023
Accounting Changes and Error Corrections [Abstract]
CORRECTION OF PRIOR PERIOD ERROR	2. 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, the Corporation concluded that the cumulative misstatement could not be corrected in the three and nine months ended September 30, 2023, without materially misstating those respective periods. Therefore, the Corporation revised the accompanying prior period financial statements and related notes hereto 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 net impact of the error for the year ended December 31, 2020 of approximately $7 million has been corrected as an adjustment to the beginning balance as of January 1, 2021 in the accompanying consolidated statement of stockholders’ equity for the year ended December 31, 2021. The error did not impact previously reported total net sales or net earnings for the year ended December 31, 2022. The following tables summarize the net impact of the error in the accompanying consolidated financial statements: Consolidated Balance Sheet as of December 31, 2022: (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 Consolidated Statement of Earnings for the year ended December 31, 2021: (In thousands) As previously reported Corrections As revised Product sales $ 2,109,617 $ (5,170) $ 2,104,447 Total net sales 2,505,931 (5,170) 2,500,761 Cost of product sales 1,330,191 384 1,330,575 Total cost of sales 1,572,575 384 1,572,959 Gross profit 933,356 (5,554) 927,802 Operating income 382,683 (5,554) 377,129 Earnings before income taxes 354,510 (5,554) 348,956 Provision for income taxes (87,351) 1,224 (86,127) Net earnings 267,159 (4,330) 262,829 Basic earnings per share $ 6.61 $ (0.11) $ 6.50 Diluted earnings per share $ 6.58 $ (0.11) $ 6.47 Consolidated Statement of Comprehensive Income for the year ended December 31, 2021: (In thousands) As previously reported Corrections As revised Net earnings $ 267,159 $ (4,330) $ 262,829 Comprehensive income 387,550 (4,330) 383,220 Consolidated Statement of Cash Flows for the year ended December 31, 2021: (In thousands) As previously reported Corrections As revised Net earnings $ 267,159 $ (4,330) $ 262,829 Receivables, net (61,277) 105 (61,172) Deferred revenue 9,584 5,065 14,649 Income taxes (12,988) (1,224) (14,212) Other 19,005 384 19,389 Net cash provided by operating activities 387,668 — 387,668

REVENUE

REVENUE	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	3. 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 2023, 2022, or 2021. 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, 2023, 2022, and 2021: Year Ended December 31, 2023 2022 2021 Over-time 47 % 51 % 50 % Point-in-time 53 % 49 % 50 % 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 December 31, 2023, of which the Corporation expects to recognize approximatel y 90% 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) 2023 2022 2021 Aerospace & Defense Aerospace Defense $ 551,622 $ 479,743 $ 452,661 Ground Defense 308,008 219,739 220,290 Naval Defense 720,013 694,015 705,518 Commercial Aerospace 324,949 276,519 267,722 Total Aerospace & Defense Customers $ 1,904,592 $ 1,670,016 $ 1,646,191 Commercial Power & Process $ 509,998 $ 472,300 $ 473,489 General Industrial 430,783 414,709 381,081 Total Commercial Customers $ 940,781 $ 887,009 $ 854,570 Total $ 2,845,373 $ 2,557,025 $ 2,500,761 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, 2023, 2022, and 2021 included in the contract liabilities balance at the beginning of the respective years were approximately $195 million, $219 million, and $210 million, respectively. Changes in contract assets and contract liabilities as of December 31, 2023 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, 2023
Business Combinations [Abstract]
ACQUISITIONS	4. 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, 2023, the Corporation did not complete any acquisitions. For the year ended December 31, 2022, the Corporation acquired two businesses for an aggregate purchase price of $282 million, net of cash acquired. Such 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. 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

RECEIVABLES	12 Months Ended
	Dec. 31, 2023
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 56% and 54% of total net sales in 2023 and 2022, respectively. Total receivables due from government sources (primarily the U.S Government) were $482.5 million and $473.2 million as of December 31, 2023 and 2022, respectively. Government (primarily the U.S. Government) unbilled receivables, net of progress payments, were $266.9 million and $279.3 million as of December 31, 2023 and 2022, respectively. The composition of receivables as of December 31 is as follows: (In thousands) 2023 2022 Billed receivables: Trade and other receivables $ 427,830 $ 412,682 Unbilled receivables: Recoverable costs and estimated earnings not billed 309,561 315,383 Less: Progress payments applied (687) (67) Net unbilled receivables 308,874 315,316 Less: Allowance for doubtful accounts (4,026) (4,694) Receivables, net $ 732,678 $ 723,304

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2023
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) 2023 2022 Raw materials $ 239,313 $ 242,116 Work-in-process 103,750 76,328 Finished goods 126,174 128,090 Inventoried costs related to U.S. Government and other long-term contracts (1) 43,255 39,685 Inventories, net of reserves 512,492 486,219 Less: Progress payments applied (2,459) (3,106) Inventories, net $ 510,033 $ 483,113 (1) As of December 31, 2023, this caption also includes capitalized development costs of $13.8 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, 2023, capitalized development costs of $8.8 million are not currently supported by existing firm orders.

PROPERTY, PLANT, AND EQUIPMENT

PROPERTY, PLANT, AND EQUIPMENT	12 Months Ended
	Dec. 31, 2023
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) 2023 2022 Land $ 16,173 $ 16,880 Buildings and improvements 253,408 252,713 Machinery, equipment, and other 905,409 866,761 Property, plant, and equipment, at cost 1,174,990 1,136,354 Less: Accumulated depreciation (842,194) (793,646) Property, plant, and equipment, net $ 332,796 $ 342,708 Depreciation expense for the years ended December 31, 2023, 2022, and 2021 was $51 million, $51 million, and $55 million, respectively.

GOODWILL

GOODWILL	12 Months Ended
	Dec. 31, 2023
Goodwill [Abstract]
GOODWILL	8. GOODWILL The changes in the carrying amount of goodwill for 2023 and 2022 are as follows: (In thousands) Aerospace & Industrial Defense Electronics Naval & Power Consolidated 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 Foreign currency translation adjustment 3,581 7,592 3,018 14,191 December 31, 2023 $ 325,131 $ 710,378 $ 523,317 $ 1,558,826 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, 2023, 2022, and 2021 and concluded that there was no impairment of goodwill.

OTHER INTANGIBLE ASSETS, NET

OTHER INTANGIBLE ASSETS, NET	12 Months Ended
	Dec. 31, 2022
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, 2023 and December 31, 2022, respectively. 2023 2022 (In thousands) Gross Accumulated Amortization Net Gross Accumulated Amortization Net Technology $ 308,256 $ (195,446) $ 112,810 $ 306,160 $ (176,675) $ 129,485 Customer-related intangibles 670,966 (339,325) 331,641 666,638 (298,160) 368,478 Programs (1) 144,000 (41,400) 102,600 144,000 (34,200) 109,800 Other intangible assets 54,227 (43,666) 10,561 53,879 (40,745) 13,134 Total $ 1,177,449 $ (619,837) $ 557,612 $ 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. During the year ended December 31, 2023, the Corporation did not acquire any intangible assets. 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 upon acquisition were 16.1, 14.9, and 10.0 years, respectively. Amortization expense for the years ended December 31, 2023, 2022, and 2021 was $65 million, $61 million, and $60 million, respectively. The estimated future amortization expense of intangible assets over the next five years is as follows: (In millions) 2024 $ 56 2025 $ 54 2026 $ 53 2027 $ 50 2028 $ 44

LEASES

LEASES	12 Months Ended
	Dec. 31, 2023
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 $44 million, $42 million, and $42 million for the years ended December 31, 2023, 2022, and 2021, 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, 2023 December 31, 2022 Operating lease cost $ 44,322 $ 42,125 Finance lease cost: Depreciation of finance leases $ 1,037 $ 1,037 Interest on lease liabilities 347 390 Total finance lease cost $ 1,384 $ 1,427 Supplemental cash flow information related to leases was as follows: Year Ended (In thousands) December 31, 2023 December 31, 2022 Cash used for operating activities: Operating cash flows used for operating leases $ (36,294) $ (34,186) Operating cash flows used for finance leases (347) (390) Non-cash activity: Right-of-use assets obtained in exchange for operating lease obligations $ 14,361 $ 17,740 Supplemental balance sheet information related to leases was as follows: As of December 31, (In thousands, except lease term and discount rate) 2023 2022 Operating Leases Operating lease right-of-use assets, net $ 141,435 $ 153,855 Other current liabilities $ 30,629 $ 29,910 Long-term operating lease liability 118,611 132,275 Total operating lease liabilities $ 149,240 $ 162,185 Finance Leases Property, plant, and equipment $ 15,561 $ 15,561 Accumulated depreciation (9,682) (8,645) Property, plant, and equipment, net $ 5,879 $ 6,916 Other current liabilities $ 1,181 $ 1,098 Other liabilities 6,742 7,924 Total finance lease liabilities $ 7,923 $ 9,022 Weighted average remaining lease term Operating leases 7.2 years 7.5 years Finance leases 5.7 years 6.7 years Weighted average discount rate Operating leases 3.99 % 3.80 % Finance leases 4.05 % 4.05 % Maturities of lease liabilities were as follows: As of December 31, 2023 (In thousands) Operating Leases Finance Leases 2024 $ 35,623 $ 1,481 2025 29,043 1,518 2026 24,115 1,556 2027 18,438 1,595 2028 15,429 1,635 Thereafter 49,883 1,107 Total lease payments 172,531 8,892 Less: imputed interest (23,291) (969) Total $ 149,240 $ 7,923
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 $44 million, $42 million, and $42 million for the years ended December 31, 2023, 2022, and 2021, 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, 2023 December 31, 2022 Operating lease cost $ 44,322 $ 42,125 Finance lease cost: Depreciation of finance leases $ 1,037 $ 1,037 Interest on lease liabilities 347 390 Total finance lease cost $ 1,384 $ 1,427 Supplemental cash flow information related to leases was as follows: Year Ended (In thousands) December 31, 2023 December 31, 2022 Cash used for operating activities: Operating cash flows used for operating leases $ (36,294) $ (34,186) Operating cash flows used for finance leases (347) (390) Non-cash activity: Right-of-use assets obtained in exchange for operating lease obligations $ 14,361 $ 17,740 Supplemental balance sheet information related to leases was as follows: As of December 31, (In thousands, except lease term and discount rate) 2023 2022 Operating Leases Operating lease right-of-use assets, net $ 141,435 $ 153,855 Other current liabilities $ 30,629 $ 29,910 Long-term operating lease liability 118,611 132,275 Total operating lease liabilities $ 149,240 $ 162,185 Finance Leases Property, plant, and equipment $ 15,561 $ 15,561 Accumulated depreciation (9,682) (8,645) Property, plant, and equipment, net $ 5,879 $ 6,916 Other current liabilities $ 1,181 $ 1,098 Other liabilities 6,742 7,924 Total finance lease liabilities $ 7,923 $ 9,022 Weighted average remaining lease term Operating leases 7.2 years 7.5 years Finance leases 5.7 years 6.7 years Weighted average discount rate Operating leases 3.99 % 3.80 % Finance leases 4.05 % 4.05 % Maturities of lease liabilities were as follows: As of December 31, 2023 (In thousands) Operating Leases Finance Leases 2024 $ 35,623 $ 1,481 2025 29,043 1,518 2026 24,115 1,556 2027 18,438 1,595 2028 15,429 1,635 Thereafter 49,883 1,107 Total lease payments 172,531 8,892 Less: imputed interest (23,291) (969) Total $ 149,240 $ 7,923

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2023
Fair Value Of Financial Instruments [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	11. FAIR VALUE OF FINANCIAL 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. 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, 2023. 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, 2023, net of debt issuance costs, totaled $973 million compared to a carrying value, net of debt issuance costs, of $1,046 million. 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 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, 2023
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) 2023 2022 Accrued compensation $ 130,471 $ 87,835 Accrued interest 13,150 16,412 Accrued commissions 8,421 6,807 Accrued insurance 5,988 6,418 Income taxes payable 10,352 35,091 Other 19,657 21,877 Total accrued expenses $ 188,039 $ 174,440 Other current liabilities consist of the following as of December 31: (In thousands) 2023 2022 Short-term operating lease liabilities $ 30,629 $ 29,910 Warranty reserves 15,207 18,147 WEC legal reserve — 10,000 Pension and other postretirement liabilities 4,981 5,013 Other 19,983 19,709 Total other current liabilities $ 70,800 $ 82,779

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	13. INCOME TAXES 2017 Tax Cuts and Jobs A ct 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 $7.8 million and $7.4 million as of December 31, 2023 and December 31, 2022, respectively. As of December 31, 2023, 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 remained no longer permanently reinvested with the exception of one foreign subsidiary. The Corporation has recorded a liability for withholding taxes that would arise upon distribution of the Corporation’s foreign undistributed earnings. 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) 2023 2022 2021 Domestic $ 300,200 $ 239,356 $ 266,140 Foreign (1) 162,870 149,839 82,816 $ 463,070 $ 389,195 $ 348,956 (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 in 2021. The provision for income taxes for the years ended December 31 consists of: (In thousands) 2023 2022 2021 Current: Federal $ 58,629 $ 65,047 $ 56,804 State 13,098 12,717 15,359 Foreign 36,791 34,520 22,034 Total current 108,518 112,284 94,197 Deferred: Federal (180) (11,413) (7,167) State 507 (4,442) (477) Foreign (284) (1,582) (426) Total deferred 43 (17,437) (8,070) Provision for income taxes $ 108,561 $ 94,847 $ 86,127 The effective tax rate varies from the U.S. federal statutory tax rate for the years ended December 31, principally: 2023 2022 2021 U.S. federal statutory tax rate 21.0 % 21.0 % 21.0 % Add (deduct): State and local taxes, net of federal benefit 2.3 1.7 3.7 Foreign earnings (1) 1.3 0.7 0.2 Foreign loss on sale — 0.2 — Foreign asset impairment (held for sale) — — 1.6 Valuation allowance for foreign assets held for sale — — 0.2 R&D tax credits (1.1) (1.1) (1.3) Foreign-derived intangible income (1.2) (1.2) (1.4) All other, net 1.1 3.1 0.7 Effective tax rate 23.4 % 24.4 % 24.7 % (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 that were classified as held for sale in 2021 . The components of the Corporation’s deferred tax assets and liabilities as of December 31 are as follows: (In thousands) 2023 2022 Deferred tax assets: Capitalized R&D expenses $ 39,463 $ 23,785 Operating lease liabilities 32,041 34,977 Inventories, net 24,282 21,992 Incentive compensation 9,314 8,531 Environmental reserves 8,949 8,677 Net operating loss 8,348 9,096 Legal reserves 287 2,864 Other 30,130 40,965 Total deferred tax assets 152,814 150,887 Deferred tax liabilities: Goodwill amortization 110,543 103,174 Other intangible amortization 53,551 59,966 Pension and other postretirement assets 37,870 29,053 Operating lease right-of-use assets, net 30,327 32,651 Withholding taxes 16,120 13,200 Depreciation 15,339 15,433 Other 8,160 7,256 Total deferred tax liabilities 271,910 260,733 Valuation allowance 4,892 5,664 Net deferred tax liabilities $ 123,988 $ 115,510 Deferred tax assets and liabilities are reflected on the Corporation’s Consolidated Balance Sheets as of December 31 as follows: (In thousands) 2023 2022 Net noncurrent deferred tax assets (1) $ 8,331 $ 7,491 Net noncurrent deferred tax liabilities 132,319 123,001 Net deferred tax liabilities $ 123,988 $ 115,510 (1) Amount is classified within the "Other Assets" caption in the Corporation's Consolidated Balance Sheets as of December 31, 2023 and December 31, 2022, respectively. The Corporation has income tax net operating loss carryforwards related to international operations of $20.1 million, of which $18.4 million have an indefinite life and $1.7 million which expire through 2029. The Corporation has federal and state income tax net loss carryforwards of $47.9 million, all of which are net operating losses that expire through 2041. The Corporation has recorded a deferred tax asset of $8.3 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, 2023 the Corporation decreased its valuation allowance by $0.8 million to $4.9 million, in order to measure only the portion of deferred tax assets that more likely than not will be realized. As of December 31, 2023, $2.0 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 benefit of $1.4 million in the current year as compared to a provision of $2.7 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. Income tax payments, net of refunds, of $136.4 million, $61.1 million, and $107.1 million were made in 2023, 2022, and 2021, respectively. The Corporation has recorded a liability in Other liabilities for interest of $4.2 million and penalties of $2.5 million as of December 31, 2023. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: (In thousands) 2023 2022 2021 Balance as of January 1, $ 17,371 $ 17,018 $ 15,585 Additions for tax positions of prior periods 2,387 3,004 2,877 Reductions for tax positions of prior periods (2,419) (1,732) (1,861) Additions for tax positions related to the current year 1,744 1,068 655 Settlements (1,195) (1,987) (238) Balance as of December 31, $ 17,888 $ 17,371 $ 17,018 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, 2023: United States (Federal) 2020 - present United States (Various states) 2012 - present United Kingdom 2022 - present Canada 2020 - 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, 2023, 2022, and 2021 is $15.3 million, $15.1 million, and $14.1 million, respectively, which if recognized, would favorably impact the effective income tax rate.

DEBT

DEBT	12 Months Ended
	Dec. 31, 2023
Debt Instruments [Abstract]
DEBT	14. DEBT Debt consists of the following as of December 31: (In thousands) 2023 2023 2022 2022 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 88,243 90,000 87,298 4.24% Senior notes due 2026 200,000 195,556 200,000 191,760 4.05% Senior notes due 2028 67,500 64,801 67,500 63,300 4.11% Senior notes due 2028 90,000 85,999 90,000 83,955 3.10% Senior notes due 2030 150,000 131,942 150,000 127,429 3.20% Senior notes due 2032 150,000 127,649 150,000 123,656 4.49% Senior notes due 2032 200,000 187,584 200,000 183,007 4.64% Senior notes due 2034 100,000 92,961 100,000 90,341 Total debt 1,047,500 974,735 1,250,000 1,152,828 Debt issuance costs, net (1,541) (1,541) (1,631) (1,631) Unamortized interest rate swap proceeds (1) 4,403 4,403 6,031 6,031 Total debt, net 1,050,362 977,597 1,254,400 1,157,228 Less: current portion of long-term debt — — 202,500 202,082 Total long-term debt $ 1,050,362 $ 977,597 $ 1,051,900 $ 955,146 (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 Corporation's total debt outstanding had a weighted-average interest rate of 3.9% in 2023 and 3.4% in 2022. Aggregate maturities of debt are as follows: (In thousands) 2024 $ — 2025 90,000 2026 200,000 2027 — 2028 157,500 Thereafter 600,000 Total $ 1,047,500 Interest payments of $52 million, $42 million, and $40 million were made in 2023, 2022, and 2021, 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, increased the size of the Corporation’s revolving credit facility to $750 million, and expanded 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, 2023, the Corporation had $20 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, 2023 was $730 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 matured 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, 2023, the Corporation had the ability to borrow additional debt of $2.3 billion without violating our debt to capitalization covenant.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2023
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, 2023, 2022 and 2021, 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, 2023, 2022, and 2021, were as follows: (In thousands, except per share data) Net Earnings Weighted- Earnings per Share 2023 Basic earnings per share $ 354,509 38,283 $ 9.26 Dilutive effect of deferred stock compensation 246 Diluted earnings per share $ 354,509 38,529 $ 9.20 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 $ 262,829 40,417 $ 6.50 Dilutive effect of deferred stock compensation 185 Diluted earnings per share $ 262,829 40,602 $ 6.47

SHARE-BASED COMPENSATION PLANS

SHARE-BASED COMPENSATION PLANS	12 Months Ended
	Dec. 31, 2023
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 2023, 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 2023, 2022, and 2021 is as follows: (In thousands) 2023 2022 2021 Employee Stock Purchase Plan $ 1,869 $ 1,764 $ 1,710 Performance Share Units 5,109 5,069 4,850 Restricted Share Units 8,032 6,725 5,661 Other share-based payments 1,793 1,826 1,229 Total share-based compensation expense before income taxes $ 16,803 $ 15,384 $ 13,450 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 2023, 2022, or 2021. The following table summarizes the cash received from share-based awards on share-based compensation: (In thousands) 2023 2022 2021 Cash received from share-based awards $ 10,584 $ 9,997 $ 9,705 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 and 2023) or compared to the S&P Midcap 400 Index (for awards granted in 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 2023 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, 2022 105 $ 143.69 212 $ 114.15 Granted 36 172.89 58 174.33 Vested (57) 103.86 (78) 83.43 Forfeited — — (6) 146.84 Nonvested as of December 31, 2023 84 $ 183.09 186 $ 144.59 Expected to vest as of December 31, 2023 84 $ 183.09 186 $ 144.59 Nonvested PSUs had an intrinsic value of $18.7 million and unrecognized compensation costs of $5.1 million as of December 31, 2023. Nonvested RSUs had an intrinsic value of $41.4 million and unrecognized compensation costs of $12.1 million as of December 31, 2023. Unrecognized compensation costs related to PSUs and RSUs are expected to be recognized over 1.7 years and 2.1 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, 2023
Retirement Benefits, Description [Abstract]
PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS	17. PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS The Corporation maintains 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 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, 2023, and 2022, the Corporation had a noncurrent pension asset of $244.1 million and $209.9 million, respectively. The change in balance was primarily due to a higher return on plan assets during 2023. 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 $44.8 million and $40.4 million as of December 31, 2023 and 2022, respectively. The Corporation’s contributions to the CW Restoration Plan are expected to be $3.2 million in 2024. 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 $20.0 million as of both December 31, 2023 and 2022, respectively. The Corporation expects to contribute $1.7 million to the plan during 2024. Activity associated with the postretirement benefit liability for the years ended December 31, 2023 and 2022 was immaterial. Foreign Plans As of December 31, 2023 and 2022, the total projected benefit obligation related to all foreign plans was $80.8 million and $69.6 million, respectively. As of December 31, 2023 and December 31, 2022, the Corporation had a net pension asset of $10.7 million and $9.8 million, respectively. The Corporation's contributions to the foreign plans are expected to be $1.2 million in 2024. Components of net periodic benefit expense The net pension and net postretirement benefit costs consisted of the following: Pension Benefits (In thousands) 2023 2022 2021 Service cost $ 16,224 $ 23,217 $ 26,735 Interest cost 34,085 20,923 17,419 Expected return on plan assets (63,013) (54,855) (60,286) Amortization of prior service cost (106) (318) (251) Recognized net actuarial loss 139 17,198 28,905 Cost of settlements/curtailments — 4,499 3,310 Special termination benefits — — 52 Net periodic benefit cost $ (12,671) $ 10,664 $ 15,884 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. 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, 2023 measurement date. Pension Benefits (In thousands) 2023 2022 Change in benefit obligation: Beginning of year $ 733,434 $ 979,070 Service cost 16,224 23,217 Interest cost 34,085 20,923 Plan participants’ contributions 1,200 1,229 Actuarial (gain) loss 17,312 (201,592) Benefits paid (52,228) (75,770) Actual expenses (1,997) (1,681) Acquisitions — 496 Divestitures — (4,341) Currency translation adjustments 5,340 (8,117) End of year $ 753,370 $ 733,434 Change in plan assets: Beginning of year $ 912,702 $ 1,156,616 Actual return on plan assets 93,488 (182,519) Employer contribution 4,601 24,865 Plan participants’ contributions 1,200 1,229 Benefits paid (52,228) (75,770) Actual expenses (1,997) (1,681) Currency translation adjustments 5,598 (10,038) End of year $ 963,364 $ 912,702 Funded status $ 209,994 $ 179,268 Pension Benefits (In thousands) 2023 2022 Amounts recognized on the balance sheet Noncurrent assets $ 261,869 $ 222,627 Current liabilities (3,280) (3,272) Noncurrent liabilities (48,595) (40,087) Total $ 209,994 $ 179,268 Amounts recognized in accumulated other comprehensive income (AOCI) Net actuarial loss $ 121,557 $ 133,813 Prior service cost (163) (239) Total $ 121,394 $ 133,574 Information for plans with an accumulated benefit obligation in excess of plan assets: Projected benefit obligation $ 77,189 $ 64,669 Accumulated benefit obligation 68,257 61,368 Fair value of plan assets 25,314 21,311 Plan Assumptions Pension Benefits 2023 2022 Weighted-average assumptions in determination of benefit obligation: Discount rate 4.71 % 4.95 % Rate of compensation increase 3.33 % 3.34 % 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 4.95 % 2.72 % Expected return on plan assets 6.41 % 5.47 % 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 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 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 90% of consolidated assets: As of December 31, Target Expected 2023 2022 Exposure Range Asset class Domestic equities 29% 33% 29% 24%-34% International equities 10% 11% 11% 7%-15% Total equity 39% 44% 40% 30%-50% Fixed income 61% 56% 60% 50%-70% As of December 31, 2023 and 2022, cash funds in the CW Pension Plan represented approximately 2% and 4% of portfolio assets, respectively. Foreign plan assets represent 10% 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 5% 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, 2023. Asset Category Total Quoted Prices Significant Significant Cash and cash equivalents $ 33,272 $ 730 $ 32,542 $ — Equity securities (1) 388,343 370,028 18,315 — Fixed Income (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 Cash and cash equivalents $ 16,105 $ 16,105 $ — $ — Equity securities (1) 358,082 341,575 16,507 — Fixed Income (2) 578,797 9,316 569,481 — Other (3) 10,380 3,672 — 6,708 December 31, 2023 $ 963,364 $ 370,668 $ 585,988 $ 6,708 (1) This category consists of domestic and international equity securities. It is comprised of individual U.S. securities and exchange-traded funds benchmarked against the S&P 500 index and Russell Mid Cap and Russell 2000 indices, international securities and exchange-traded funds benchmarked against the MSCI EAFE and EM indices, global equity index mutual funds associated with our U.K. based pension plans, and a balanced fund associated with the Canadian based pension plan. (2) 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 exchange-traded 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 money market funds and classified as a Level 1 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, 2023 and 2022 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 2024 $ 50,025 2025 52,823 2026 54,281 2027 55,157 2028 57,403 2029 - 2033 274,696 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, 2023, the expense relating to the plan was $23.5 million, consisting of $12.2 million in matching contributions to the plan in 2023, and $11.3 million in non-elective contributions, primarily paid in January 2024. Cumulative contributions of approximately $123 million are expected to be made from 2024 through 2028.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2023
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, joysticks, power management electronics, traction inverters 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, tactical communications solutions for battlefield network management, 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 and aerospace defense 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, fluid sealing products, and arresting systems. 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) 2023 2022 2021 Net sales Aerospace & Industrial $ 889,744 $ 838,885 $ 789,054 Defense Electronics 818,547 693,709 727,828 Naval & Power 1,142,590 1,030,918 990,339 Less: Intersegment Revenues (5,508) (6,487) (6,460) Total Consolidated $ 2,845,373 $ 2,557,025 $ 2,500,761 Operating income (expense) Aerospace & Industrial $ 145,278 $ 136,996 $ 121,817 Defense Electronics 191,775 154,568 159,089 Naval & Power 189,227 177,582 136,106 Corporate and Eliminations (1) (41,678) (45,703) (39,883) Total Consolidated $ 484,602 $ 423,443 $ 377,129 Depreciation and amortization expense Aerospace & Industrial $ 33,994 $ 34,336 $ 36,999 Defense Electronics 33,347 35,120 38,136 Naval & Power 46,165 39,712 35,937 Corporate 2,666 2,859 3,312 Total Consolidated $ 116,172 $ 112,027 $ 114,384 Capital expenditures Aerospace & Industrial $ 17,067 $ 18,554 $ 16,799 Defense Electronics 5,573 3,504 3,922 Naval & Power 18,112 13,652 18,106 Corporate 3,914 2,507 2,281 Total Consolidated $ 44,666 $ 38,217 $ 41,108 (1) Corporate and Eliminations includes pension expense, environmental remediation and administrative expenses, legal, and other expenses. As of December 31, (In thousands) 2023 2022 Segment assets Aerospace & Industrial $ 1,077,808 $ 1,041,562 Defense Electronics 1,517,877 1,546,331 Naval & Power 1,496,063 1,487,568 Corporate 529,221 372,842 Total Consolidated $ 4,620,969 $ 4,448,303 Reconciliations Year Ended December 31, (In thousands) 2023 2022 2021 Earnings before taxes: Total reportable segment operating income $ 526,280 $ 469,146 $ 417,012 Corporate and Eliminations (41,678) (45,703) (39,883) Interest expense 51,393 46,980 40,240 Other income, net 29,861 12,732 12,067 Earnings before income taxes $ 463,070 $ 389,195 $ 348,956 As of December 31, (In thousands) 2023 2022 Assets: Total assets for reportable segments $ 4,091,748 $ 4,075,461 Non-segment cash 228,930 122,198 Other assets 300,291 250,644 Total consolidated assets $ 4,620,969 $ 4,448,303 Geographic Information Year Ended December 31, (In thousands) 2023 2022 2021 Revenues United States of America $ 2,060,986 $ 1,879,001 $ 1,851,827 United Kingdom 115,078 102,965 93,154 Other foreign countries 669,309 575,059 555,780 Consolidated total $ 2,845,373 $ 2,557,025 $ 2,500,761 As of December 31, (In thousands) 2023 2022 Long-Lived Assets - Property, plant, and equipment, net United States of America $ 243,542 $ 254,317 United Kingdom 25,898 27,049 Other foreign countries 63,356 61,342 Consolidated total $ 332,796 $ 342,708

CONTINGENCIES AND COMMITMENTS

CONTINGENCIES AND COMMITMENTS	12 Months Ended
	Dec. 31, 2023
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, 2023 and 2022, there were $20 million and $17 million of stand-by letters of credit outstanding, respectively, and $16 million and $3 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. As of December 31, 2023, the Corporation has recorded an asset retirement obligation of approximately $8 million for two of the three licenses. 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.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS	12 Months Ended
	Dec. 31, 2023
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, 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) Other comprehensive loss before reclassifications (1) 37,519 8,218 45,737 Amounts reclassified from accumulated other comprehensive income (1) — (44) (44) Net current period other comprehensive income 37,519 8,174 45,693 December 31, 2023 $ (123,288) $ (89,935) $ (213,223) (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) 2023 2022 Defined benefit pension and postretirement plans Amortization of prior service costs $ 133 $ 345 Other income, net Recognized net actuarial losses (85) (17,198) Other income, net Settlements — (4,499) Other income, net 48 (21,352) Earnings before income taxes (4) 5,115 Provision for income taxes Total reclassifications $ 44 $ (16,237) Net earnings

SCHEDULE II VALUATION AND QUALI

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Dec. 31, 2023
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, 2023, 2022, and 2021 (In thousands) Additions Description Balance at Charged to Charged to Other Deductions Balance at Deducted from assets to which they apply: December 31, 2023 Tax valuation allowance 5,664 1,471 63 (1) 2,306 4,892 Total $ 5,664 $ 1,471 $ 63 $ 2,306 $ 4,892 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 (1) Primarily foreign currency translation adjustments.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure
Net earnings	$ 354,509	$ 294,348	$ 262,829

Recovery of Erroneously Awarded

Recovery of Erroneously Awarded Compensation - Restatement Determination Date:: 2023-09-30 - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2021	Dec. 31, 2020
Erroneously Awarded Compensation Recovery
Restatement Determination Date	Sep. 30, 2023
Erroneous Compensation Analysis	Therefore, in accordance with SAB 108, the Company revised the applicable prior period financial statements included within its quarterly report on Form 10-Q for the third quarter ended September 30, 2023, 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 revised its consolidated financial statements as of December 31, 2022 and for the year ended December 31, 2021 in this Form 10-K.
Restatement does not require Recovery	The Committee, the Company’s outside legal counsel, and the Committee’s independent compensation consultant Frederic W. Cook & Co., Inc. (“FW Cook”) performed an analysis of the impact that the immaterial restatement discussed immediately above (the “Immaterial Restatement”) had on the Company’s past and future payouts under its incentive compensation plans, and whether recovery of such incentive compensation payouts is required under its Dodd-Frank Clawback Policy. Because the Dodd-Frank Clawback Policy only applied to incentive compensation payments received after December 1, 2023, any incentive compensation received prior to such date would not be subject to recoupment under the policy. Accordingly, only annual and long-term incentive compensation received in early 2024 under the Company’s incentive compensation plan (ICP) and long-term incentive compensation plan (LTIP) for financial performance of the Company against pre-established financial performance measures for the 2023 performance period (ICP) and 2021 – 2023 performance period (LTIP), would be subject to the policy. As noted above, the Committee determined that since the Immaterial Restatement did not impact the 2023 performance period (only impacting prior year periods 2020 through 2022), the receipt of annual incentive compensation under the ICP in early 2024 was not required to be recovered under the Dodd-Frank Clawback Policy. With respect to the receipt of LTIP, the payment of cash-based performance units (PUPs) in early 2024 was based on Company performance against pre-established financial performance measures for the 2021 – 2023 performance period. Based on Company financial performance resulting from the Immaterial Restatement against its performance targets during such performance period, it was determined that Company performance would have resulted in a maximum payout against target with or without the Immaterial Restatement. Therefore, because payment of PUPs was at maximum with giving effect to the Immaterial Restatement, no excess incentive compensation was received by the Section 16 executive officers based on the Immaterial Restatement, and therefore, no recovery was required under the Dodd-Frank Clawback Policy. The receipt of performance share units (PSUs) under the LTIP in early 2024 was based on Company total shareholder return (TSR) relative to its peer group for the 2021 – 2023 performance period. The Company performed an analysis assessing the impact of the Immaterial Restatement on its TSR and the payouts associated with its TSR. After reviewing the relatively minor financial impacts to 2021 and 2022 performance the Committee reasonably estimated that the Immaterial Restatement was immaterial to the overall financial results of the Company during this period, and reasonably concluded that the restated financials resulting from the Immaterial Restatement would not have impacted the Company’s TSR and PSU payouts. Additionally, the Committee, after advice from the Company’s outside legal counsel and FW Cook, determined that the payouts would have been 200% of target regardless due to the high levels of Company financial performance even as restated. Therefore, because payment of PSUs was 200% of target without giving effect to the Immaterial Restatement, no excess PSUs were received by the Section 16 executive officers based on the Immaterial Restatement, and therefore, no recovery was required under the Dodd-Frank Clawback Policy. Finally, a recovery analysis was also performed under the Company’s general employee incentive compensation recoupment policy discussed above, which has a one-year look back period. Because the general policy only mandates a clawback in the event of a full restatement of financials and the overall Company financial performance was nominally impacted for the 2022 performance period under the ICP and 2020 – 2022 performance period under the LTIP, the Committee determined that no excess incentive compensation was received by the Section 16 executive officers in early 2023 based on the Immaterial Restatement, and therefore no recovery was required under the Company’s general employee incentive compensation recoupment policy.
Restatement Adjustment, Decrease To Revenues		$ 5	$ 8
Restatement Adjustment, Decrease To Net Earnings		$ 4	$ 7

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	12 Months Ended
	Dec. 31, 2023 shares	Dec. 31, 2023 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		During the three-months ended December 31, 2023, none of our directors or officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted, modified, or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as those terms are defined in Item 408 of Regulation S-K, except as described in the table below: Name Title Action Character of Trading Arrangement (1) Adoption Date Earliest Sale Date Expiration Date (2) Aggregate # of securities to be purchased or sold (3) K. Christopher Farkas Vice President and Chief Financial Officer Adoption Rule 10b5-1 Trading Arrangement December 14, 2023 March 14, 2024 September 14, 2024 (4) Paul J. Ferdenzi Vice President, General Counsel, and Corporate Secretary Adoption Rule 10b5-1 Trading Arrangement December 13, 2023 March 12, 2024 December 31, 2024 Up to 5000 shares to be sold 1. Except as indicated by footnote, each trading arrangement marked as a “Rule 10b5-1 Trading Arrangement” is intended to satisfy the affirmative defense of Rule 10b5-1(c), as amended. 2. The Rule 10b5-1 trading arrangements permits transactions through and including the earlier to occur of (a) the completion of all purchases or sales, (b) the date listed in the table, or (c) such date the trading arrangement is otherwise terminated according to its terms. The trading arrangements also provide for automatic expiration in the event of death, dissolution, bankruptcy, or insolvency of the adopting person. 3. The volume of sales is based on pricing triggers outlined in the Rule 10b5-1 Trading Arrangement. 4. The aggregate number of shares of common stock to be sold pursuant to Mr. Farkas's Rule 10b5-1 Trading Arrangement include: (a) 100% of the net after-tax shares received upon the vesting of 1,805 time-based restricted stock units on March 18, 2024; and (b) 100% of the net after-tax shares of common stock received upon the vesting of 2,371 performance-based restricted stock units (PSUs), which were granted March 18, 2021. The number of shares granted is at target and the number of shares that will be earned will depend on Company total shareholder return relative to its peer group for the 2021 – 2023 performance period. PSUs may be earned up to 200% of grant. PSUs will be earned as common stock in early 2024. For more information, see the “Compensation Discussion and Analysis” section in our most recent proxy statement, which was filed with the SEC on March 24, 2023. In addition, the actual number of shares that will be released to Mr. Farkas in connection with the PSUs and sold under the Rule 10b5-1 Trading Arrangement will be net of the number of shares withheld to satisfy tax withholding obligations arising from the vesting of such shares and is not yet determinable. Each of the 10b5-1 Trading Arrangements in the above table included a representation from the officer to the broker administering the plan that such individual (i) was not in possession of any material nonpublic information regarding the Company or the securities subject to the plan and (ii) the plan was entered into good faith and not as part of a plan or scheme to evade securities law. A similar representation was made to the Company in connection with the adoption of the plan. Those representations were made as of the date of adoption of the 10b5-1 plan and speak only as of that date. In making those representations, there is no assurance with respect to any material nonpublic information of which the officer was unaware, or with respect to any material nonpublic information acquired by the officer or the Company after the date of the representation. Actual sale transactions will be disclosed publicly through Form 144 and Form 4 filings with the SEC, as required.
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
K. Christopher Farkas [Member]
Trading Arrangements, by Individual
Name	K. Christopher Farkas
Title	Vice President and Chief Financial Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	December 14, 2023
Arrangement Duration	184 days
Paul J. Ferdenzi [Member]
Trading Arrangements, by Individual
Name	Paul J. Ferdenzi
Title	Vice President, General Counsel, and Corporate Secretary
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	December 13, 2023
Arrangement Duration	294 days
Aggregate Available	5,000	5,000
Time-based Restricted Stock Units [Member] | K. Christopher Farkas [Member]
Trading Arrangements, by Individual
Aggregate Available	1,805	1,805
Performance-based Restricted Stock Units [Member] | K. Christopher Farkas [Member]
Trading Arrangements, by Individual
Aggregate Available	2,371	2,371

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2023
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 Machinery, equipment, and other 3 to 15
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 Assets
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 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.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Standards Recently issued accounting standards to be adopted In December 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-09, Income Taxes (Topic 740), Improvement to Income Tax Disclosures , which requires enhanced income tax disclosures, including disaggregation of information in the rate reconciliation table and disaggregated information related to income taxes paid. The ASU is effective for annual reporting periods beginning with the year ending December 31, 2025. Early adoption is permitted. The Company is currently evaluating the impact of adopting this standard on its Consolidated Financial Statements. In November 2023, the FASB issued A SU 2023-07, Segment Reporting (Topic 280), Improvement to Reportable Segment Disclosures
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.
DerivativesPolicyTextBlock	Derivatives 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.

CORRECTION OF PRIOR PERIOD ER_2

CORRECTION OF PRIOR PERIOD ERROR (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Changes and Error Corrections [Abstract]
Schedule of Error Corrections and Prior Period Adjustments	Consolidated Balance Sheet as of December 31, 2022: (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 Consolidated Statement of Earnings for the year ended December 31, 2021: (In thousands) As previously reported Corrections As revised Product sales $ 2,109,617 $ (5,170) $ 2,104,447 Total net sales 2,505,931 (5,170) 2,500,761 Cost of product sales 1,330,191 384 1,330,575 Total cost of sales 1,572,575 384 1,572,959 Gross profit 933,356 (5,554) 927,802 Operating income 382,683 (5,554) 377,129 Earnings before income taxes 354,510 (5,554) 348,956 Provision for income taxes (87,351) 1,224 (86,127) Net earnings 267,159 (4,330) 262,829 Basic earnings per share $ 6.61 $ (0.11) $ 6.50 Diluted earnings per share $ 6.58 $ (0.11) $ 6.47 Consolidated Statement of Comprehensive Income for the year ended December 31, 2021: (In thousands) As previously reported Corrections As revised Net earnings $ 267,159 $ (4,330) $ 262,829 Comprehensive income 387,550 (4,330) 383,220 Consolidated Statement of Cash Flows for the year ended December 31, 2021: (In thousands) As previously reported Corrections As revised Net earnings $ 267,159 $ (4,330) $ 262,829 Receivables, net (61,277) 105 (61,172) Deferred revenue 9,584 5,065 14,649 Income taxes (12,988) (1,224) (14,212) Other 19,005 384 19,389 Net cash provided by operating activities 387,668 — 387,668

REVENUE (Table)

REVENUE (Table)	12 Months Ended
	Dec. 31, 2023
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, 2023, 2022, and 2021: Year Ended December 31, 2023 2022 2021 Over-time 47 % 51 % 50 % Point-in-time 53 % 49 % 50 % 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) 2023 2022 2021 Aerospace & Defense Aerospace Defense $ 551,622 $ 479,743 $ 452,661 Ground Defense 308,008 219,739 220,290 Naval Defense 720,013 694,015 705,518 Commercial Aerospace 324,949 276,519 267,722 Total Aerospace & Defense Customers $ 1,904,592 $ 1,670,016 $ 1,646,191 Commercial Power & Process $ 509,998 $ 472,300 $ 473,489 General Industrial 430,783 414,709 381,081 Total Commercial Customers $ 940,781 $ 887,009 $ 854,570 Total $ 2,845,373 $ 2,557,025 $ 2,500,761

ACQUISITIONS (Table)

ACQUISITIONS (Table)	12 Months Ended
	Dec. 31, 2023
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, 2023
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) 2023 2022 Billed receivables: Trade and other receivables $ 427,830 $ 412,682 Unbilled receivables: Recoverable costs and estimated earnings not billed 309,561 315,383 Less: Progress payments applied (687) (67) Net unbilled receivables 308,874 315,316 Less: Allowance for doubtful accounts (4,026) (4,694) Receivables, net $ 732,678 $ 723,304

INVENTORIES (Table)

INVENTORIES (Table)	12 Months Ended
	Dec. 31, 2023
Inventory, Net [Abstract]
Schedule Of Inventory [Text Block]	The composition of inventories as of December 31 is as follows: (In thousands) 2023 2022 Raw materials $ 239,313 $ 242,116 Work-in-process 103,750 76,328 Finished goods 126,174 128,090 Inventoried costs related to U.S. Government and other long-term contracts (1) 43,255 39,685 Inventories, net of reserves 512,492 486,219 Less: Progress payments applied (2,459) (3,106) Inventories, net $ 510,033 $ 483,113 (1) As of December 31, 2023, this caption also includes capitalized development costs of $13.8 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, 2023, capitalized development costs of $8.8 million are not currently supported by existing firm orders.

PROPERTY, PLANT, AND EQUIPMENT

PROPERTY, PLANT, AND EQUIPMENT (Table)	12 Months Ended
	Dec. 31, 2023
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) 2023 2022 Land $ 16,173 $ 16,880 Buildings and improvements 253,408 252,713 Machinery, equipment, and other 905,409 866,761 Property, plant, and equipment, at cost 1,174,990 1,136,354 Less: Accumulated depreciation (842,194) (793,646) Property, plant, and equipment, net $ 332,796 $ 342,708

GOODWILL (Table)

GOODWILL (Table)	12 Months Ended
	Dec. 31, 2023
Goodwill [Abstract]
Schedule Of Goodwill [Text Block]	The changes in the carrying amount of goodwill for 2023 and 2022 are as follows: (In thousands) Aerospace & Industrial Defense Electronics Naval & Power Consolidated 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 Foreign currency translation adjustment 3,581 7,592 3,018 14,191 December 31, 2023 $ 325,131 $ 710,378 $ 523,317 $ 1,558,826

OTHER INTANGIBLE ASSETS, NET (T

OTHER INTANGIBLE ASSETS, NET (Table)	12 Months Ended
	Dec. 31, 2023
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, 2023 and December 31, 2022, respectively. 2023 2022 (In thousands) Gross Accumulated Amortization Net Gross Accumulated Amortization Net Technology $ 308,256 $ (195,446) $ 112,810 $ 306,160 $ (176,675) $ 129,485 Customer-related intangibles 670,966 (339,325) 331,641 666,638 (298,160) 368,478 Programs (1) 144,000 (41,400) 102,600 144,000 (34,200) 109,800 Other intangible assets 54,227 (43,666) 10,561 53,879 (40,745) 13,134 Total $ 1,177,449 $ (619,837) $ 557,612 $ 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.
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) 2024 $ 56 2025 $ 54 2026 $ 53 2027 $ 50 2028 $ 44

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Lease, Cost	The components of lease expense were as follows: Year Ended (In thousands) December 31, 2023 December 31, 2022 Operating lease cost $ 44,322 $ 42,125 Finance lease cost: Depreciation of finance leases $ 1,037 $ 1,037 Interest on lease liabilities 347 390 Total finance lease cost $ 1,384 $ 1,427 Supplemental cash flow information related to leases was as follows: Year Ended (In thousands) December 31, 2023 December 31, 2022 Cash used for operating activities: Operating cash flows used for operating leases $ (36,294) $ (34,186) Operating cash flows used for finance leases (347) (390) Non-cash activity: Right-of-use assets obtained in exchange for operating lease obligations $ 14,361 $ 17,740
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) 2023 2022 Operating Leases Operating lease right-of-use assets, net $ 141,435 $ 153,855 Other current liabilities $ 30,629 $ 29,910 Long-term operating lease liability 118,611 132,275 Total operating lease liabilities $ 149,240 $ 162,185 Finance Leases Property, plant, and equipment $ 15,561 $ 15,561 Accumulated depreciation (9,682) (8,645) Property, plant, and equipment, net $ 5,879 $ 6,916 Other current liabilities $ 1,181 $ 1,098 Other liabilities 6,742 7,924 Total finance lease liabilities $ 7,923 $ 9,022 Weighted average remaining lease term Operating leases 7.2 years 7.5 years Finance leases 5.7 years 6.7 years Weighted average discount rate Operating leases 3.99 % 3.80 % Finance leases 4.05 % 4.05 %
Lessee, Operating Lease, Liability, Maturity	Maturities of lease liabilities were as follows: As of December 31, 2023 (In thousands) Operating Leases Finance Leases 2024 $ 35,623 $ 1,481 2025 29,043 1,518 2026 24,115 1,556 2027 18,438 1,595 2028 15,429 1,635 Thereafter 49,883 1,107 Total lease payments 172,531 8,892 Less: imputed interest (23,291) (969) Total $ 149,240 $ 7,923
Finance Lease, Liability, Maturity	Maturities of lease liabilities were as follows: As of December 31, 2023 (In thousands) Operating Leases Finance Leases 2024 $ 35,623 $ 1,481 2025 29,043 1,518 2026 24,115 1,556 2027 18,438 1,595 2028 15,429 1,635 Thereafter 49,883 1,107 Total lease payments 172,531 8,892 Less: imputed interest (23,291) (969) Total $ 149,240 $ 7,923

ACCRUED EXPENSES AND OTHER CU_2

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Table)	12 Months Ended
	Dec. 31, 2023
Accrued Liabilities, Current [Abstract]
ScheduleOfAccruedLiabilitiesTableTextBlock	Accrued expenses consist of the following as of December 31: (In thousands) 2023 2022 Accrued compensation $ 130,471 $ 87,835 Accrued interest 13,150 16,412 Accrued commissions 8,421 6,807 Accrued insurance 5,988 6,418 Income taxes payable 10,352 35,091 Other 19,657 21,877 Total accrued expenses $ 188,039 $ 174,440
Schedule Of Other Liabilities [Table Text Block]	Other current liabilities consist of the following as of December 31: (In thousands) 2023 2022 Short-term operating lease liabilities $ 30,629 $ 29,910 Warranty reserves 15,207 18,147 WEC legal reserve — 10,000 Pension and other postretirement liabilities 4,981 5,013 Other 19,983 19,709 Total other current liabilities $ 70,800 $ 82,779

INCOME TAXES (Table)

INCOME TAXES (Table)	12 Months Ended
	Dec. 31, 2023
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) 2023 2022 2021 Domestic $ 300,200 $ 239,356 $ 266,140 Foreign (1) 162,870 149,839 82,816 $ 463,070 $ 389,195 $ 348,956 (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 in 2021.
Schedule Of Provision For Income Taxes [Table Text Block]	The provision for income taxes for the years ended December 31 consists of: (In thousands) 2023 2022 2021 Current: Federal $ 58,629 $ 65,047 $ 56,804 State 13,098 12,717 15,359 Foreign 36,791 34,520 22,034 Total current 108,518 112,284 94,197 Deferred: Federal (180) (11,413) (7,167) State 507 (4,442) (477) Foreign (284) (1,582) (426) Total deferred 43 (17,437) (8,070) Provision for income taxes $ 108,561 $ 94,847 $ 86,127
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: 2023 2022 2021 U.S. federal statutory tax rate 21.0 % 21.0 % 21.0 % Add (deduct): State and local taxes, net of federal benefit 2.3 1.7 3.7 Foreign earnings (1) 1.3 0.7 0.2 Foreign loss on sale — 0.2 — Foreign asset impairment (held for sale) — — 1.6 Valuation allowance for foreign assets held for sale — — 0.2 R&D tax credits (1.1) (1.1) (1.3) Foreign-derived intangible income (1.2) (1.2) (1.4) All other, net 1.1 3.1 0.7 Effective tax rate 23.4 % 24.4 % 24.7 % (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 that were classified as held for sale in 2021 .
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) 2023 2022 Deferred tax assets: Capitalized R&D expenses $ 39,463 $ 23,785 Operating lease liabilities 32,041 34,977 Inventories, net 24,282 21,992 Incentive compensation 9,314 8,531 Environmental reserves 8,949 8,677 Net operating loss 8,348 9,096 Legal reserves 287 2,864 Other 30,130 40,965 Total deferred tax assets 152,814 150,887 Deferred tax liabilities: Goodwill amortization 110,543 103,174 Other intangible amortization 53,551 59,966 Pension and other postretirement assets 37,870 29,053 Operating lease right-of-use assets, net 30,327 32,651 Withholding taxes 16,120 13,200 Depreciation 15,339 15,433 Other 8,160 7,256 Total deferred tax liabilities 271,910 260,733 Valuation allowance 4,892 5,664 Net deferred tax liabilities $ 123,988 $ 115,510 Deferred tax assets and liabilities are reflected on the Corporation’s Consolidated Balance Sheets as of December 31 as follows: (In thousands) 2023 2022 Net noncurrent deferred tax assets (1) $ 8,331 $ 7,491 Net noncurrent deferred tax liabilities 132,319 123,001 Net deferred tax liabilities $ 123,988 $ 115,510
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) 2023 2022 2021 Balance as of January 1, $ 17,371 $ 17,018 $ 15,585 Additions for tax positions of prior periods 2,387 3,004 2,877 Reductions for tax positions of prior periods (2,419) (1,732) (1,861) Additions for tax positions related to the current year 1,744 1,068 655 Settlements (1,195) (1,987) (238) Balance as of December 31, $ 17,888 $ 17,371 $ 17,018
Summary Of Open Tax Years [Table Text Block]	The following describes the open tax years, by major tax jurisdiction, as of December 31, 2023: United States (Federal) 2020 - present United States (Various states) 2012 - present United Kingdom 2022 - present Canada 2020 - present

DEBT (Table)

DEBT (Table)	12 Months Ended
	Dec. 31, 2023
Debt Instruments [Abstract]
Summary of Debt	Debt consists of the following as of December 31: (In thousands) 2023 2023 2022 2022 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 88,243 90,000 87,298 4.24% Senior notes due 2026 200,000 195,556 200,000 191,760 4.05% Senior notes due 2028 67,500 64,801 67,500 63,300 4.11% Senior notes due 2028 90,000 85,999 90,000 83,955 3.10% Senior notes due 2030 150,000 131,942 150,000 127,429 3.20% Senior notes due 2032 150,000 127,649 150,000 123,656 4.49% Senior notes due 2032 200,000 187,584 200,000 183,007 4.64% Senior notes due 2034 100,000 92,961 100,000 90,341 Total debt 1,047,500 974,735 1,250,000 1,152,828 Debt issuance costs, net (1,541) (1,541) (1,631) (1,631) Unamortized interest rate swap proceeds (1) 4,403 4,403 6,031 6,031 Total debt, net 1,050,362 977,597 1,254,400 1,157,228 Less: current portion of long-term debt — — 202,500 202,082 Total long-term debt $ 1,050,362 $ 977,597 $ 1,051,900 $ 955,146 (1)
Aggregate Maturities of Debt	Aggregate maturities of debt are as follows: (In thousands) 2024 $ — 2025 90,000 2026 200,000 2027 — 2028 157,500 Thereafter 600,000 Total $ 1,047,500

EARNINGS PER SHARE (Table)

EARNINGS PER SHARE (Table)	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Reconciliation [Table Text Block]	Earnings per share calculations for the years ended December 31, 2023, 2022, and 2021, were as follows: (In thousands, except per share data) Net Earnings Weighted- Earnings per Share 2023 Basic earnings per share $ 354,509 38,283 $ 9.26 Dilutive effect of deferred stock compensation 246 Diluted earnings per share $ 354,509 38,529 $ 9.20 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 $ 262,829 40,417 $ 6.50 Dilutive effect of deferred stock compensation 185 Diluted earnings per share $ 262,829 40,602 $ 6.47

SHARE-BASED COMPENSATION PLANS

SHARE-BASED COMPENSATION PLANS (Table)	12 Months Ended
	Dec. 31, 2023
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 2023, 2022, and 2021 is as follows: (In thousands) 2023 2022 2021 Employee Stock Purchase Plan $ 1,869 $ 1,764 $ 1,710 Performance Share Units 5,109 5,069 4,850 Restricted Share Units 8,032 6,725 5,661 Other share-based payments 1,793 1,826 1,229 Total share-based compensation expense before income taxes $ 16,803 $ 15,384 $ 13,450
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) 2023 2022 2021 Cash received from share-based awards $ 10,584 $ 9,997 $ 9,705
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	A summary of the Corporation’s 2023 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, 2022 105 $ 143.69 212 $ 114.15 Granted 36 172.89 58 174.33 Vested (57) 103.86 (78) 83.43 Forfeited — — (6) 146.84 Nonvested as of December 31, 2023 84 $ 183.09 186 $ 144.59 Expected to vest as of December 31, 2023 84 $ 183.09 186 $ 144.59

PENSION AND OTHER POSTRETIREM_2

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Table)	12 Months Ended
	Dec. 31, 2023
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) 2023 2022 2021 Service cost $ 16,224 $ 23,217 $ 26,735 Interest cost 34,085 20,923 17,419 Expected return on plan assets (63,013) (54,855) (60,286) Amortization of prior service cost (106) (318) (251) Recognized net actuarial loss 139 17,198 28,905 Cost of settlements/curtailments — 4,499 3,310 Special termination benefits — — 52 Net periodic benefit cost $ (12,671) $ 10,664 $ 15,884
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, 2023 measurement date. Pension Benefits (In thousands) 2023 2022 Change in benefit obligation: Beginning of year $ 733,434 $ 979,070 Service cost 16,224 23,217 Interest cost 34,085 20,923 Plan participants’ contributions 1,200 1,229 Actuarial (gain) loss 17,312 (201,592) Benefits paid (52,228) (75,770) Actual expenses (1,997) (1,681) Acquisitions — 496 Divestitures — (4,341) Currency translation adjustments 5,340 (8,117) End of year $ 753,370 $ 733,434 Change in plan assets: Beginning of year $ 912,702 $ 1,156,616 Actual return on plan assets 93,488 (182,519) Employer contribution 4,601 24,865 Plan participants’ contributions 1,200 1,229 Benefits paid (52,228) (75,770) Actual expenses (1,997) (1,681) Currency translation adjustments 5,598 (10,038) End of year $ 963,364 $ 912,702 Funded status $ 209,994 $ 179,268 Pension Benefits (In thousands) 2023 2022 Amounts recognized on the balance sheet Noncurrent assets $ 261,869 $ 222,627 Current liabilities (3,280) (3,272) Noncurrent liabilities (48,595) (40,087) Total $ 209,994 $ 179,268 Amounts recognized in accumulated other comprehensive income (AOCI) Net actuarial loss $ 121,557 $ 133,813 Prior service cost (163) (239) Total $ 121,394 $ 133,574 Information for plans with an accumulated benefit obligation in excess of plan assets: Projected benefit obligation $ 77,189 $ 64,669 Accumulated benefit obligation 68,257 61,368 Fair value of plan assets 25,314 21,311
ScheduleOfAssumptionsUsedTableTextBlock	Plan Assumptions Pension Benefits 2023 2022 Weighted-average assumptions in determination of benefit obligation: Discount rate 4.71 % 4.95 % Rate of compensation increase 3.33 % 3.34 % 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 4.95 % 2.72 % Expected return on plan assets 6.41 % 5.47 % 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
ScheduleOfAllocationOfPlanAssetsTableTextBlock	Below are the Corporation’s actual and current target allocations for the CW Pension Plan, representing 90% of consolidated assets: As of December 31, Target Expected 2023 2022 Exposure Range Asset class Domestic equities 29% 33% 29% 24%-34% International equities 10% 11% 11% 7%-15% Total equity 39% 44% 40% 30%-50% Fixed income 61% 56% 60% 50%-70%
ScheduleOfChangesInFairValueOfPlanAssetsTableTextBlock	The following table presents consolidated plan assets (in thousands) using the fair value hierarchy as of December 31, 2023. Asset Category Total Quoted Prices Significant Significant Cash and cash equivalents $ 33,272 $ 730 $ 32,542 $ — Equity securities (1) 388,343 370,028 18,315 — Fixed Income (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 Cash and cash equivalents $ 16,105 $ 16,105 $ — $ — Equity securities (1) 358,082 341,575 16,507 — Fixed Income (2) 578,797 9,316 569,481 — Other (3) 10,380 3,672 — 6,708 December 31, 2023 $ 963,364 $ 370,668 $ 585,988 $ 6,708 (1) This category consists of domestic and international equity securities. It is comprised of individual U.S. securities and exchange-traded funds benchmarked against the S&P 500 index and Russell Mid Cap and Russell 2000 indices, international securities and exchange-traded funds benchmarked against the MSCI EAFE and EM indices, global equity index mutual funds associated with our U.K. based pension plans, and a balanced fund associated with the Canadian based pension plan. (2) 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 exchange-traded 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 2024 $ 50,025 2025 52,823 2026 54,281 2027 55,157 2028 57,403 2029 - 2033 274,696

SEGMENT INFORMATION (Table)

SEGMENT INFORMATION (Table)	12 Months Ended
	Dec. 31, 2023
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) 2023 2022 2021 Net sales Aerospace & Industrial $ 889,744 $ 838,885 $ 789,054 Defense Electronics 818,547 693,709 727,828 Naval & Power 1,142,590 1,030,918 990,339 Less: Intersegment Revenues (5,508) (6,487) (6,460) Total Consolidated $ 2,845,373 $ 2,557,025 $ 2,500,761 Depreciation and amortization expense Aerospace & Industrial $ 33,994 $ 34,336 $ 36,999 Defense Electronics 33,347 35,120 38,136 Naval & Power 46,165 39,712 35,937 Corporate 2,666 2,859 3,312 Total Consolidated $ 116,172 $ 112,027 $ 114,384 Capital expenditures Aerospace & Industrial $ 17,067 $ 18,554 $ 16,799 Defense Electronics 5,573 3,504 3,922 Naval & Power 18,112 13,652 18,106 Corporate 3,914 2,507 2,281 Total Consolidated $ 44,666 $ 38,217 $ 41,108 (1) Corporate and Eliminations includes pension expense, environmental remediation and administrative expenses, legal, and other expenses. As of December 31, (In thousands) 2023 2022 Segment assets Aerospace & Industrial $ 1,077,808 $ 1,041,562 Defense Electronics 1,517,877 1,546,331 Naval & Power 1,496,063 1,487,568 Corporate 529,221 372,842 Total Consolidated $ 4,620,969 $ 4,448,303 Year Ended December 31, (In thousands) 2023 2022 2021 Earnings before taxes: Total reportable segment operating income $ 526,280 $ 469,146 $ 417,012 Corporate and Eliminations (41,678) (45,703) (39,883) Interest expense 51,393 46,980 40,240 Other income, net 29,861 12,732 12,067 Earnings before income taxes $ 463,070 $ 389,195 $ 348,956
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block]	Operating income (expense) Aerospace & Industrial $ 145,278 $ 136,996 $ 121,817 Defense Electronics 191,775 154,568 159,089 Naval & Power 189,227 177,582 136,106 Corporate and Eliminations (1) (41,678) (45,703) (39,883) Total Consolidated $ 484,602 $ 423,443 $ 377,129
Reconciliation Of Assets From Segment To Consolidated [Text Block]	As of December 31, (In thousands) 2023 2022 Assets: Total assets for reportable segments $ 4,091,748 $ 4,075,461 Non-segment cash 228,930 122,198 Other assets 300,291 250,644 Total consolidated assets $ 4,620,969 $ 4,448,303
ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock	Year Ended December 31, (In thousands) 2023 2022 2021 Revenues United States of America $ 2,060,986 $ 1,879,001 $ 1,851,827 United Kingdom 115,078 102,965 93,154 Other foreign countries 669,309 575,059 555,780 Consolidated total $ 2,845,373 $ 2,557,025 $ 2,500,761
ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock	As of December 31, (In thousands) 2023 2022 Long-Lived Assets - Property, plant, and equipment, net United States of America $ 243,542 $ 254,317 United Kingdom 25,898 27,049 Other foreign countries 63,356 61,342 Consolidated total $ 332,796 $ 342,708

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS (Table)	12 Months Ended
	Dec. 31, 2023
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, 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) Other comprehensive loss before reclassifications (1) 37,519 8,218 45,737 Amounts reclassified from accumulated other comprehensive income (1) — (44) (44) Net current period other comprehensive income 37,519 8,174 45,693 December 31, 2023 $ (123,288) $ (89,935) $ (213,223) (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) 2023 2022 Defined benefit pension and postretirement plans Amortization of prior service costs $ 133 $ 345 Other income, net Recognized net actuarial losses (85) (17,198) Other income, net Settlements — (4,499) Other income, net 48 (21,352) Earnings before income taxes (4) 5,115 Provision for income taxes Total reclassifications $ 44 $ (16,237) Net earnings

SCHEDULE II VALUATION AND QUA_2

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (Table)	12 Months Ended
	Dec. 31, 2023
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, 2023 Tax valuation allowance 5,664 1,471 63 (1) 2,306 4,892 Total $ 5,664 $ 1,471 $ 63 $ 2,306 $ 4,892 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 (1) Primarily foreign currency translation adjustments.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Property Plant And Equipment) (Details)	Dec. 31, 2023
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)	Dec. 31, 2023
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

CORRECTION OF PRIOR PERIOD ER_3

CORRECTION OF PRIOR PERIOD ERROR (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Receivables, net	$ 732,678	$ 723,304
Total current assets	1,717,080	1,516,014
Total assets	4,620,969	4,448,303
Accrued expenses	188,039	174,440
Deferred revenue	303,872	254,801
Other current liabilities	70,800	82,779
Total current liabilities	806,544	981,045
Total liabilities	2,292,556	2,467,089
Retained earnings	3,487,751	3,163,491
Total stockholders' equity	2,328,413	1,981,214
Total liabilities and stockholders' equity	4,620,969	4,448,303
Sales	2,845,373	2,557,025	$ 2,500,761
Cost of Goods and Services Sold	1,778,195	1,602,416	1,572,959
Gross profit	1,067,178	954,609	927,802
Operating income	484,602	423,443	377,129
Earnings before income taxes	463,070	389,195	348,956
Provision for income taxes	(108,561)	(94,847)	(86,127)
Net earnings	$ 354,509	$ 294,348	$ 262,829
Basic earnings per share (in shares)	$ 9.26	$ 7.67	$ 6.50
Diluted earnings per share (in shares)	$ 9.20	$ 7.62	$ 6.47
Comprehensive income	$ 400,202	$ 225,897	$ 383,220
Receivables, net	(2,394)	(75,955)	(61,172)
Deferred revenue	47,914	(17,646)	14,649
Income taxes	(27,350)	55,847	(14,212)
Other	(29,286)	(30,456)	19,389
Net cash provided by operating activities	448,089	294,776	387,668
Product
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Sales	2,389,711	2,135,882	2,104,447
Cost of Goods and Services Sold	$ 1,507,480	1,348,569	1,330,575
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
Sales			2,505,931
Cost of Goods and Services Sold			1,572,575
Gross profit			933,356
Operating income			382,683
Earnings before income taxes			354,510
Provision for income taxes			(87,351)
Net earnings			$ 267,159
Basic earnings per share (in shares)			$ 6.61
Diluted earnings per share (in shares)			$ 6.58
Comprehensive income			$ 387,550
Receivables, net			(61,277)
Deferred revenue			9,584
Income taxes			(12,988)
Other			19,005
Net cash provided by operating activities			387,668
Previously Reported | Product
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Sales			2,109,617
Cost of Goods and Services Sold			1,330,191
Revision of Prior Period, Error Correction, Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
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
Retained earnings		(10,905)
Total stockholders' equity		(10,905)		$ (7,000)
Total liabilities and stockholders' equity		$ (1,299)
Sales			(5,170)	(8,000)
Cost of Goods and Services Sold			384
Gross profit			(5,554)
Operating income			(5,554)
Earnings before income taxes			(5,554)
Provision for income taxes			1,224
Net earnings			$ (4,330)	$ (7,000)
Basic earnings per share (in shares)			$ (0.11)
Diluted earnings per share (in shares)			$ (0.11)
Comprehensive income			$ (4,330)
Receivables, net			105
Deferred revenue			5,065
Income taxes			(1,224)
Other			384
Net cash provided by operating activities			0
Revision of Prior Period, Error Correction, Adjustment | Product
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Sales			(5,170)
Cost of Goods and Services Sold			$ 384

REVENUE DISAGGREGATION OF REVEN

REVENUE DISAGGREGATION OF REVENUE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Sales	$ 2,845,373	$ 2,557,025	$ 2,500,761
Commercial [Member]
Disaggregation of Revenue [Line Items]
Sales	940,781	887,009	854,570
Aerospace & Defense
Disaggregation of Revenue [Line Items]
Sales	1,904,592	1,670,016	1,646,191
Aerospace Defense [Member] | Aerospace & Defense
Disaggregation of Revenue [Line Items]
Sales	551,622	479,743	452,661
Ground Defense [Member] | Aerospace & Defense
Disaggregation of Revenue [Line Items]
Sales	308,008	219,739	220,290
Naval Defense [Member] | Aerospace & Defense
Disaggregation of Revenue [Line Items]
Sales	720,013	694,015	705,518
Commercial Aerospace [Member] | Aerospace & Defense
Disaggregation of Revenue [Line Items]
Sales	324,949	276,519	267,722
Power & Process [Member] | Commercial [Member]
Disaggregation of Revenue [Line Items]
Sales	509,998	472,300	473,489
General Industrial [Member] | Commercial [Member]
Disaggregation of Revenue [Line Items]
Sales	$ 430,783	$ 414,709	$ 381,081
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net, Percent	47%	51%	50%
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue, Net, Percent	53%	49%	50%

REVENUE ADDTIONAL DETAILS (Deta

REVENUE ADDTIONAL DETAILS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 2,900
Revenue, Remaining Performance Obligation, Percentage	90%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Explanation	36 months
Contract with Customer, Liability, Revenue Recognized	$ 195	$ 219	$ 210

ACQUISITIONS (Detail)

ACQUISITIONS (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill	$ 1,558,826	$ 1,544,635	$ 1,463,026
Total Purchase price	$ 0	282,429	$ 0
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, 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

ACQUISITIONS (Narrative) (Detai

ACQUISITIONS (Narrative) (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($) NumberAcquisitions	Dec. 31, 2021 USD ($)
Business Acquisition [Line Items]
Number of Businesses Acquired | NumberAcquisitions		2
Total Purchase price	$ 0	$ 282,429	$ 0
Payments for Previous Acquisition	$ 0	(5,062)	$ (5,340)
2022 acquisitions
Business Acquisition [Line Items]
Total Purchase price		282,429
Revenue of Acquiree since Acquisition Date, Actual		45,000
Earnings or Loss of Acquiree since Acquisition Date, Actual		(1,000)
Dyna-Flo Valve Services Ltd. (Dyna-Flo)
Business Acquisition [Line Items]
Payments for Previous Acquisition		$ (5,000)

RECEIVABLES (Detail)

RECEIVABLES (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Contracts Receivable [Abstract]
Trade and other receivables	$ 427,830	$ 412,682
Unbilled receivables:
Recoverable costs and estimated earnings not billed	309,561	315,383
Less: Progress payments applied	(687)	(67)
Net unbilled receivables	308,874	315,316
Less: Allowance for doubtful accounts	(4,026)	(4,694)
Receivables, net	$ 732,678	$ 723,304

RECEIVABLES (Narrative) (Detail

RECEIVABLES (Narrative) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
ConcentrationRiskLineItems
Net unbilled receivables	$ 308,874	$ 315,316
GovernmentContractsConcentrationRiskMember
ConcentrationRiskLineItems
Accounts Receivable, before Allowance for Credit Loss	482,500	473,200
Net unbilled receivables	$ 266,900	$ 279,300
GovernmentContractsConcentrationRiskMember | Revenue Benchmark | Concentration Risk Threshold Percentage
ConcentrationRiskLineItems
ConcentrationRiskPercentage	56%	54%

INVENTORIES (Detail)

INVENTORIES (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Inventory, Raw Materials, Net of Reserves	$ 239,313	$ 242,116
Inventory, Work in Process, Net of Reserves	103,750	76,328
Inventory, Finished Goods, Net of Reserves	126,174	128,090
Inventory For Long-term Contracts Or Programs, Net Of Reserves	43,255	39,685
Inventories, Net of Reserves	512,492	486,219
Progress Payments Netted Against Inventory for Long-term Contracts or Programs	(2,459)	(3,106)
Inventories, net	$ 510,033	$ 483,113

INVENTORIES (Narrative) (Detail

INVENTORIES (Narrative) (Detail) $ in Millions	Dec. 31, 2023 USD ($)
Inventory, Net [Abstract]
Other Inventory, Capitalized Costs	$ 13.8
Other Inventory Capitalized Costs Not Supported By Existing Firm Orders	$ 8.8

PROPERTY, PLANT, AND EQUIPMEN_2

PROPERTY, PLANT, AND EQUIPMENT (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
land	$ 16,173	$ 16,880
BuildingsAndImprovementsGross	253,408	252,713
MachineryAndEquipmentGross	905,409	866,761
Property, Plant and Equipment, Gross, Total	1,174,990	1,136,354
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	(842,194)	(793,646)
Property, plant, and equipment, net	$ 332,796	$ 342,708

PROPERTY, PLANT, AND EQUIPMEN_3

PROPERTY, PLANT, AND EQUIPMENT (Narrative) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation	$ 51	$ 51	$ 55

GOODWILL (Detail)

GOODWILL (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Goodwill [Line Items]
Goodwill	$ 1,544,635	$ 1,463,026
Acquisitions		106,593
Adjustments		967
Foreign Currency Translation Adjustments	14,191	(25,951)
Goodwill	1,558,826	1,544,635
Aerospace & Industrial
Goodwill [Line Items]
Goodwill	321,550	316,147
Acquisitions		12,445
Adjustments		0
Foreign Currency Translation Adjustments	3,581	(7,042)
Goodwill	325,131	321,550
Defense Electronics
Goodwill [Line Items]
Goodwill	702,786	714,014
Acquisitions		0
Adjustments		967
Foreign Currency Translation Adjustments	7,592	(12,195)
Goodwill	710,378	702,786
Naval & Power
Goodwill [Line Items]
Goodwill	520,299	432,865
Acquisitions		94,148
Adjustments		0
Foreign Currency Translation Adjustments	3,018	(6,714)
Goodwill	$ 523,317	$ 520,299

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, 2023
Keronite And Arresting Systems Acquisitions
Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 147
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-related intangibles
Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 106
Customer-related intangibles | Keronite And Arresting Systems Acquisitions
Finite-Lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	16 years 1 month 6 days
Technology
Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 36
Technology | Keronite And Arresting Systems Acquisitions
Finite-Lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	14 years 10 months 24 days
Other intangible assets
Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 5
Other intangible assets | Keronite And Arresting Systems Acquisitions
Finite-Lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 years

OTHER INTANGIBLE ASSETS, NET (D

OTHER INTANGIBLE ASSETS, NET (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Gross	$ 1,177,449	$ 1,170,677
Accumulated Amortization	(619,837)	(549,780)
Other intangible assets, net	557,612	620,897
Technology
Finite-Lived Intangible Assets [Line Items]
Gross	308,256	306,160
Accumulated Amortization	(195,446)	(176,675)
Other intangible assets, net	112,810	129,485
Customer-related intangibles
Finite-Lived Intangible Assets [Line Items]
Gross	670,966	666,638
Accumulated Amortization	(339,325)	(298,160)
Other intangible assets, net	331,641	368,478
Programs (1)
Finite-Lived Intangible Assets [Line Items]
Gross	144,000	144,000
Accumulated Amortization	(41,400)	(34,200)
Other intangible assets, net	102,600	109,800
Other intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross	54,227	53,879
Accumulated Amortization	(43,666)	(40,745)
Other intangible assets, net	$ 10,561	$ 13,134

OTHER INTANGIBLE ASSETS, NET (A

OTHER INTANGIBLE ASSETS, NET (Amort) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Amortization of Intangible Assets	$ 65,000	$ 61,000	$ 60,000
2024	56,000
2025	54,000
2026	53,000
2027	50,000
2028	$ 44,000

LEASES - Narrative (Details)

LEASES - Narrative (Details)	Dec. 31, 2023
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, 2023	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease cost	$ 44,322	$ 42,125	$ 42,000
Depreciation of finance leases	1,037	1,037
Interest on lease liabilities	347	390
Total finance lease cost	$ 1,384	$ 1,427

LEASES - Supplemental Cash Flow

LEASES - Supplemental Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating cash flows used for operating leases	$ (36,294)	$ (34,186)
Operating cash flows used for finance leases	(347)	(390)
Right-of-use assets obtained in exchange for operating lease obligations	$ 14,361	$ 17,740

LEASES - Supplemental Balance S

LEASES - Supplemental Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating lease right-of-use assets, net	$ 141,435	$ 153,855
Current operating lease liabilities	30,629	29,910
Long-term operating lease liability	118,611	132,275
Total operating lease liabilities	149,240	162,185
Property, plant, and equipment	15,561	15,561
Finance Lease, Right-Of-Use Asset, Accumulated Depreciation	(9,682)	(8,645)
Property, plant, and equipment, net	5,879	6,916
Finance lease, Other current liabilities	1,181	1,098
Finance lease, Other liabilities	6,742	7,924
Total finance lease liabilities	$ 7,923	$ 9,022
Weighted average remaining lease term, Operating lease	7 years 2 months 12 days	7 years 6 months
Weighted average remaining lease term, Finance leases	5 years 8 months 12 days	6 years 8 months 12 days
Weighted average discount rate, Operating leases	3.99%	3.80%
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, 2023	Dec. 31, 2022
Operating Lease [Abstract]
Year One	$ 35,623
Year Two	29,043
Year Three	24,115
Year Four	18,438
Year Five	15,429
Thereafter	49,883
Total operating lease payments	172,531
Less: imputed interest	23,291
Total operating lease liabilities	149,240	$ 162,185
Finance Lease [Abstract]
Year One	1,481
Year Two	1,518
Year Three	1,556
Year Four	1,595
Year Five	1,635
Thereafter	1,107
Total finance lease payments	8,892
Less: imputed interest	969
Total finance lease liabilities	$ 7,923	$ 9,022

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Debt Narrative) (Detail) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Carrying Value
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Amount	$ 1,046	$ 1,248
Estimated Fair Value
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Amount	$ 973	$ 1,151

ACCRUED EXPENSES AND OTHER CU_3

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Accrued Expenses) (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accrued Liabilities, Current [Abstract]
Accrued compensation	$ 130,471	$ 87,835
Accrued interest	13,150	16,412
Accrued commissions	8,421	6,807
Accrued insurance	5,988	6,418
Income taxes payable	10,352	35,091
Accrued other liabilities	19,657	21,877
Accrued expenses	$ 188,039	$ 174,440

ACCRUED EXPENSES AND OTHER CU_4

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Other Current Liabilities) (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accrued Liabilities, Current [Abstract]
Current operating lease liabilities	$ 30,629	$ 29,910
Warranty	15,207	18,147
Estimated Litigation Liability	0	10,000
Pension and other postretirement liabilities	4,981	5,013
Other sundry liabilities	19,983	19,709
Other current liabilities	$ 70,800	$ 82,779

INCOME TAXES INCOME TAXES (Tax

INCOME TAXES INCOME TAXES (Tax Cuts and Jobs Act) (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	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	$ 7.8	$ 7.4

INCOME TAXES (Income Before Inc

INCOME TAXES (Income Before Income Tax) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Domestic	$ 300,200	$ 239,356	$ 266,140
Foreign	162,870	149,839	82,816
Earnings before income taxes	$ 463,070	389,195	348,956
Loss on Sale of Assets and Asset Impairment Charges		$ 5,000	$ 19,000

INCOME TAXES (Provision for Inc

INCOME TAXES (Provision for Income Taxes) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Federal	$ 58,629	$ 65,047	$ 56,804
State	13,098	12,717	15,359
Foreign	36,791	34,520	22,034
Current Income Tax Expense (Benefit), Total	108,518	112,284	94,197
Federal	(180)	(11,413)	(7,167)
State	507	(4,442)	(477)
Foreign	(284)	(1,582)	(426)
Deferred Income Tax Expense (Benefit), Total	43	(17,437)	(8,070)
Provision for income taxes	$ 108,561	$ 94,847	$ 86,127

INCOME TAXES (Effective Income

INCOME TAXES (Effective Income Tax Rate Reconciliation) (Detail)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
U.S. federal statutory tax rate	21%	21%	21%
State and local taxes, net of federal benefit	2.30%	1.70%	3.70%
Foreign earnings	1.30%	0.70%	0.20%
Foreign loss on sale	0%	0.20%	0%
Foreign asset impairment (held for sale)	0%	0%	1.60%
Valuation allowance for foreign assets held for sale	0%	0%	0.20%
R&D tax credits	(1.10%)	(1.10%)	(1.30%)
Foreign-derived intangible income	(1.20%)	(1.20%)	(1.40%)
All other, net	1.10%	3.10%	0.70%
Effective tax rate	23.40%	24.40%	24.70%

INCOME TAXES (Deferred Tax Asse

INCOME TAXES (Deferred Tax Assets and Liabilties) (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets:
Capitalized R&D	$ 39,463	$ 23,785
Operating lease liabilities	32,041	34,977
Inventories, net	24,282	21,992
Incentive compensation	9,314	8,531
Environmental reserves	8,949	8,677
Net operating loss	8,348	9,096
Legal reserves	287	2,864
Other	30,130	40,965
Total deferred tax assets	152,814	150,887
Deferred tax liabilities:
Goodwill	110,543	103,174
Intangible Assets	53,551	59,966
Net pension (liability)/asset	37,870	29,053
Operating lease right-of-use assets, net	30,327	32,651
Withholding Taxes	16,120	13,200
Depreciation	15,339	15,433
Other	8,160	7,256
Total deferred tax liabilities	271,910	260,733
Valuation allowance	4,892	5,664
Deferred Tax Liabilities, Net	$ 123,988	$ 115,510

INCOME TAXES (Net Deferred Tax

INCOME TAXES (Net Deferred Tax Assets and Liabilities) (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Net noncurrent deferred tax assets(1)	$ 8,331	$ 7,491
Net noncurrent deferred tax liabilities	132,319	123,001
Deferred Tax Liabilities, Net	$ 123,988	$ 115,510

INCOME TAXES (Unrecognized Tax

INCOME TAXES (Unrecognized Tax Benefits) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits (beginning balance)	$ 17,371	$ 17,018	$ 15,585
Additions for tax positions of prior periods	2,387	3,004	2,877
Reductions for tax positions of prior periods	(2,419)	(1,732)	(1,861)
Additions for tax positions related to the current year	1,744	1,068	655
Settlements	(1,195)	(1,987)	(238)
Unrecognized tax benefits (ending balance)	$ 17,888	$ 17,371	$ 17,018

INCOME TAXES (Open Tax Years) (

INCOME TAXES (Open Tax Years) (Detail)	12 Months Ended
	Dec. 31, 2023
United States (Various states)
IncomeTaxContingencyLineItems
Open Tax Year	2012
Internal Revenue Service (IRS) | United States (Federal)
IncomeTaxContingencyLineItems
Open Tax Year	2020
United Kingdom | Foreign Tax Authority
IncomeTaxContingencyLineItems
Open Tax Year	2022
Canada | Foreign Tax Authority
IncomeTaxContingencyLineItems
Open Tax Year	2020

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
OperatingLossCarryforwardsLineItems
Deferred tax assets, other tax carryforwards	$ 8,300
Valuation allowance increase	(800)
Valuation allowance	4,892	$ 5,664
Provision for income taxes	(108,561)	(94,847)	$ (86,127)
Deferred tax asset, operating loss	8,348	9,096
Income tax payments	136,400	61,100	107,100
Unrecognized tax benefits that would affect the effective income tax rate	15,300	15,100	$ 14,100
Foreign tax credits
OperatingLossCarryforwardsLineItems
Valuation allowance	2,000
Provision for income taxes	1,400	$ (2,700)
Foreign Tax Authority
OperatingLossCarryforwardsLineItems
Operating loss carryforwards related to international operations	20,100
Indefinite lived operating loss carryforwards,	18,400
Operating loss carryforwards subject to expiration	$ 1,700
Operating loss carryforward, expiration date	Dec. 31, 2029
State And Local Jurisdiction [Member]
OperatingLossCarryforwardsLineItems
Operating loss carryforwards state and local	$ 47,900
Operating loss carryforward, expiration date	Dec. 31, 2041
Other Liabilities [Member]
OperatingLossCarryforwardsLineItems
Interest on income taxes accrued	$ 4,200
Income tax penalties accrued	$ 2,500

DEBT (Detail)

DEBT (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Oct. 27, 2022	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	$ 0	$ 202,500
Long-term debt	1,050,362	1,051,900
Estimated Fair Value
Debt Instrument [Line Items]
Less: current portion of long-term debt	0	202,082
Long-term debt	977,597	955,146
Long-term Debt	1,050,362	1,254,400
Long Term Debt Fair Value	977,597	1,157,228
Long-term Debt, Gross	1,047,500	1,250,000
Debt issuance costs, net	(1,541)	(1,631)
Unamortized interest rate swap proceeds (1)	4,403	6,031
Less: current portion of long-term debt	0	202,500
Long-term debt	1,050,362	1,051,900
3.70% Senior notes due 2023 | Carrying Value
Debt Instrument [Line Items]
Long-term Debt	0	202,500
3.70% Senior notes due 2023 | Estimated Fair Value
Debt Instrument [Line Items]
Long Term Debt Fair Value	$ 0	202,082
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	$ 88,243	87,298
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	$ 195,556	191,760
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	$ 64,801	63,300
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	$ 85,999	83,955
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	$ 131,942	127,429
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	$ 127,649	123,656
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	200,000
4.49% Senior notes due 2032 | Estimated Fair Value
Debt Instrument [Line Items]
Long Term Debt Fair Value	$ 187,584	183,007
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	100,000
4.64% Senior notes due 2034 | Estimated Fair Value
Debt Instrument [Line Items]
Long Term Debt Fair Value	$ 92,961	90,341
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	$ 974,735	$ 1,152,828

DEBT (Maturity) (Detail)

DEBT (Maturity) (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt Instruments [Abstract]
2024	$ 0
2025	90,000
2026	200,000
2027	0
2028	157,500
Thereafter	600,000
Total	$ 1,047,500	$ 1,250,000

DEBT (Narrative) (Detail)

DEBT (Narrative) (Detail) - USD ($) $ in Thousands		12 Months Ended
	Oct. 15, 2018	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	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		$ 52,000	$ 42,000	$ 40,000
Long-term Debt		$ 1,050,362	1,254,400
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%
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		$ 20,000	$ 17,000
Revolving credit facility
Debt Instrument [Line Items]
Unused credit available under the credit facility		$ 730,000
Long-term debt
Debt Instrument [Line Items]
Weighted-average interest rate		3.90%	3.40%
Unused credit available under the credit facility		$ 2,300,000

EARNINGS PER SHARE (Detail)

EARNINGS PER SHARE (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share Reconciliation [Abstract]
Basic	38,283	38,386	40,417
Dilutive effect of stock options and deferred stock compensation	246	263	185
Diluted	38,529	38,649	40,602
Net earnings	$ 354,509	$ 294,348	$ 262,829
Diluted earnings per share (in shares)	$ 9.20	$ 7.62	$ 6.47
Basic earnings per share (in shares)	$ 9.26	$ 7.67	$ 6.50

EARNINGS PER SHARE (AntiDilutiv

EARNINGS PER SHARE (AntiDilutive) (Detail) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
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 (Narrative) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
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
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period	3 years
Aggregate Intrinsic Value, Outstanding	$ 18.7
Unrecognized compensation cost	$ 5.1
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	$ 41.4
Unrecognized compensation cost	$ 12.1
Unrecognized compensation expense, period of recognition	2 years 1 month 6 days
Employee Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Purchase price percentage of fair market value	85%

SHARE-BASED COMPENSATION PLAN_3

SHARE-BASED COMPENSATION PLANS (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Employee Stock Purchase Plan	$ 1,869	$ 1,764	$ 1,710
Performance Share Units	5,109	5,069	4,850
Restricted Share Units	8,032	6,725	5,661
Other share-based payments	1,793	1,826	1,229
Total share-based compensation expense before income taxes	$ 16,803	$ 15,384	$ 13,450

SHARE-BASED COMPENSATION PLAN_4

SHARE-BASED COMPENSATION PLANS (Cash Proceeds and Tax Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Cash received from share-based awards	$ 10,584	$ 9,997	$ 9,705

SHARE-BASED COMPENSATION PLAN_5

SHARE-BASED COMPENSATION PLANS (Restricted Units) (Detail) shares in Thousands	12 Months Ended
	Dec. 31, 2023 $ / 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	105
Granted (in shares) | shares	36
Vested (in shares) | shares	(57)
Forfeited (in shares) | shares	0
Outstanding (in shares) | shares	84
Expected to vest (in shares) | shares	84
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	$ 143.69
Granted (in dollars per share) | $ / shares	172.89
Vested (in dollars per share) | $ / shares	103.86
Forfeited (in dollars per share) | $ / shares	0
Outstanding (in dollars per share) | $ / shares	183.09
Expected to vest (in dollars per share) | $ / shares	$ 183.09
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	212
Granted (in shares) | shares	58
Vested (in shares) | shares	(78)
Forfeited (in shares) | shares	(6)
Outstanding (in shares) | shares	186
Expected to vest (in shares) | shares	186
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	$ 114.15
Granted (in dollars per share) | $ / shares	174.33
Vested (in dollars per share) | $ / shares	83.43
Forfeited (in dollars per share) | $ / shares	146.84
Outstanding (in dollars per share) | $ / shares	144.59
Expected to vest (in dollars per share) | $ / shares	$ 144.59

PENSION AND POSTRETIREMENT BENE

PENSION AND POSTRETIREMENT BENEFITS (Narrative) (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) pension_plan	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Domestic plans | pension_plan	3
Foreign plans | pension_plan	6
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Total projected benefit obligation	$ 753,370	$ 733,434	$ 979,070
Net pension (liability)/asset	$ 209,994	$ 179,268
Expected return on assets assumption	6.41%	5.47%
Pension Plan [Member] | Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets as a percentage of consolidated assets	10%
Expected return on assets assumption	5%
Pension Plan [Member] | United Kingdom
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 of America | Cash And Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Plan assets as a percentage of consolidated assets	2%	4%
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 of America
Defined Benefit Plan Disclosure [Line Items]
Net pension (liability)/asset	$ (20,000)	$ (20,000)
Expected employer contributions	1,700
Parent Company's Retirement Benefit Plan [Member] | Pension Plan [Member] | United States of America
Defined Benefit Plan Disclosure [Line Items]
Net pension (liability)/asset	244,100	209,900
Parent Company's Retirement Benefit Plan [Member] | Other Pension, Postretirement and Supplemental Plans [Member] | United States of America
Defined Benefit Plan Disclosure [Line Items]
Expense relating to the defined contribution plan	23,500
Defined Contribution Plan, Employer Discretionary Contribution Amount	12,200
Defined Contribution Plans, Non-Elective Estimated Future Employer Contributions in Next Fiscal Year	11,300
Defined Contribution Plans, Estimated Future Employer Contributions Over Next Five Fiscal Years	$ 123,000
Parent Company's Retirement Benefit Plan [Member] | Other Pension, Postretirement and Supplemental Plans [Member] | United States of America | 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 of America
Defined Benefit Plan Disclosure [Line Items]
Net pension (liability)/asset	$ (44,800)	(40,400)
Expected employer contributions	$ 3,200
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]
Total projected benefit obligation	$ 80,800	69,600
Net pension (liability)/asset	10,700	$ 9,800
Expected employer contributions	$ 1,200

PENSION PLANS (Detail)

PENSION PLANS (Detail) - Pension Plan [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 16,224	$ 23,217	$ 26,735
Interest cost	34,085	20,923	17,419
Expected return on plan assets	(63,013)	(54,855)	(60,286)
Prior service cost	(106)	(318)	(251)
Defined Benefit Plan, Amortization of Loss (Gain)	139	17,198	28,905
Cost of Settlement/Curtailment	0	4,499	3,310
Special Termination Benefits	0	0	52
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	$ (12,671)	$ 10,664	$ 15,884

PENSION AND OTHER POSTRETIREM_3

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Detail) - Pension Plan [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
DefinedBenefitPlanChangeInBenefitObligationRollForward
Defined Benefit Plan, Benefit Obligation, Beginning Balance	$ 733,434	$ 979,070
Service cost	16,224	23,217	$ 26,735
Interest cost	34,085	20,923	17,419
DefinedBenefitPlanContributionsByPlanParticipants	1,200	1,229
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss)	(17,312)	201,592
DefinedBenefitPlanBenefitsPaid	(52,228)	(75,770)
Defined Benefit Plan, Actual Expense	(1,997)	(1,681)
Defined Benefit Plan, Plan Assets, Business Combination	0	496
Defined Benefit Plan, Plan Assets, Divestiture	0	(4,341)
DefinedBenefitPlanForeignCurrencyExchangeRateChangesBenefitObligation	5,340	(8,117)
Defined Benefit Plan, Benefit Obligation, Ending Balance	$ 753,370	$ 733,434	$ 979,070

PENSION AND OTHER POSTRETIREM_4

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Plan Asset) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
DefinedBenefitPlanChangeInFairValueOfPlanAssetsRollForward
Defined Benefit Plan, Plan Assets, Amount, Beginning Balance	$ 912,702
Defined Benefit Plan, Fair Value of Plan Assets, Ending Balance	963,364	$ 912,702
DefinedBenefitPlanAmountsRecognizedInBalanceSheetAbstract
Prepaid pension asset	261,869	222,627
Pension and other postretirement liabilities	(4,981)	(5,013)
Accrued pension and other postretirement benefit costs	(66,875)	(58,348)
Pension Plan [Member]
DefinedBenefitPlanChangeInFairValueOfPlanAssetsRollForward
Defined Benefit Plan, Plan Assets, Amount, Beginning Balance	912,702	1,156,616
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Actual Return (Loss)	93,488	(182,519)
Contributions made by employer	4,601	24,865
DefinedBenefitPlanContributionsByPlanParticipants	1,200	1,229
DefinedBenefitPlanBenefitsPaid	(52,228)	(75,770)
Defined Benefit Plan, Plan Assets, Administration Expense	(1,997)	(1,681)
DefinedBenefitPlanForeignCurrencyExchangeRateChangesPlanAssets	5,598	(10,038)
Defined Benefit Plan, Fair Value of Plan Assets, Ending Balance	963,364	912,702
DefinedBenefitPlanFundedStatusOfPlan	209,994	179,268
DefinedBenefitPlanAmountsRecognizedInBalanceSheetAbstract
Prepaid pension asset	261,869	222,627
Pension and other postretirement liabilities	(3,280)	(3,272)
Accrued pension and other postretirement benefit costs	(48,595)	(40,087)
DefinedBenefitPlanAmountsRecognizedInBalanceSheet	209,994	179,268
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTaxAbstract
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetGainsLossesBeforeTax	121,557	133,813
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetPriorServiceCostCreditBeforeTax	(163)	(239)
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeBeforeTax	121,394	133,574
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAbstract
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation	77,189	64,669
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation	68,257	61,368
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets	$ 25,314	$ 21,311

PENSION AND OTHER POSTRETIREM_5

PENSION AND OTHER POSTRETIREMENT BENEFIT PLANS (Plan Assumptions) (Detail)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Pension Plan [Member]
DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingBenefitObligationAbstract
Discount rate	4.71%	4.95%
Rate Of Compensation Increase	3.33%	3.34%
DefinedBenefitPlanWeightedAverageAssumptionsUsedInCalculatingNetPeriodicBenefitCostAbstract
Discount Rate	4.95%	2.72%
Expected return on assets assumption	6.41%	5.47%
Net Periodic Benefit Cost Rate Of Compensation Increase	3.34%	3.40%
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, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Funded percentage	90%
Domestic Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted Average Asset Allocations	29%	33%
Target Plan Asset Allocations	29%
International Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Weighted Average Asset Allocations	10%	11%
Target Plan Asset Allocations	11%
EquitySecuritiesMember
Defined Benefit Plan Disclosure [Line Items]
Weighted Average Asset Allocations	39%	44%
Target Plan Asset Allocations	40%
FixedIncomeFundsMember
Defined Benefit Plan Disclosure [Line Items]
Weighted Average Asset Allocations	61%	56%
Target Plan Asset Allocations	60%
Minimum | Domestic Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target Plan Asset Allocations	24%
Minimum | International Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target Plan Asset Allocations	7%
Minimum | EquitySecuritiesMember
Defined Benefit Plan Disclosure [Line Items]
Target Plan Asset Allocations	30%
Minimum | FixedIncomeFundsMember
Defined Benefit Plan Disclosure [Line Items]
Target Plan Asset Allocations	50%
Maximum | Domestic Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target Plan Asset Allocations	34%
Maximum | International Equities [Member]
Defined Benefit Plan Disclosure [Line Items]
Target Plan Asset Allocations	15%
Maximum | EquitySecuritiesMember
Defined Benefit Plan Disclosure [Line Items]
Target Plan Asset Allocations	50%
Maximum | FixedIncomeFundsMember
Defined Benefit Plan Disclosure [Line Items]
Target Plan Asset Allocations	70%

PENSION (Fair Value) (Detail)

PENSION (Fair Value) (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	$ 963,364	$ 912,702
Cash And Cash Equivalents [Member]
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	16,105	33,272
EquitySecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	358,082	388,343
DebtSecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	578,797	481,169
Other Plan Assets
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	10,380	9,918
FairValueInputsLevel1Member
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	370,668	748,888
FairValueInputsLevel1Member | Cash And Cash Equivalents [Member]
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	16,105	730
FairValueInputsLevel1Member | EquitySecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	341,575	370,028
FairValueInputsLevel1Member | DebtSecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	9,316	373,963
FairValueInputsLevel1Member | Other Plan Assets
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	3,672	4,167
FairValueInputsLevel2Member
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	585,988	158,063
FairValueInputsLevel2Member | Cash And Cash Equivalents [Member]
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	0	32,542
FairValueInputsLevel2Member | EquitySecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	16,507	18,315
FairValueInputsLevel2Member | DebtSecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	569,481	107,206
FairValueInputsLevel2Member | Other Plan Assets
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	0	0
FairValueInputsLevel3Member
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	6,708	5,751
FairValueInputsLevel3Member | Cash And Cash Equivalents [Member]
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	0	0
FairValueInputsLevel3Member | EquitySecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	0	0
FairValueInputsLevel3Member | DebtSecuritiesMember
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	0	0
FairValueInputsLevel3Member | Other Plan Assets
Defined Benefit Plan Fair Value Disclosure [Line Items]
DefinedBenefitPlanFairValueOfPlanAssets	$ 6,708	$ 5,751

PENSION (Future Service) (Detai

PENSION (Future Service) (Detail) - Pension Plan [Member] $ in Thousands	Dec. 31, 2023 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Expected Future Benefit Payment, Next Twelve Months	$ 50,025
Expected Future Benefit Payment, Year Two	52,823
Expected Future Benefit Payment, Year Three	54,281
Expected Future Benefit Payment, Year Four	55,157
Expected Future Benefit Payment, Year Five	57,403
Expected Future Benefit Payment, Five Fiscal Years Thereafter	$ 274,696

SEGMENT INFORMATION (Detail)

SEGMENT INFORMATION (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Sales	$ 2,845,373	$ 2,557,025	$ 2,500,761
Operating income	484,602	423,443	377,129
Depreciation and amortization	116,172	112,027	114,384
Total Consolidated	44,666	38,217	41,108
Total assets	4,620,969	4,448,303
Naval & Power
Segment Reporting Information [Line Items]
Total assets	1,496,063	1,487,568
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating income	526,280	469,146	417,012
Total assets	4,091,748	4,075,461
Operating Segments [Member] | Aerospace & Industrial
Segment Reporting Information [Line Items]
Sales	889,744	838,885	789,054
Operating income	145,278	136,996	121,817
Depreciation and amortization	33,994	34,336	36,999
Segment assets	17,067	18,554	16,799
Total assets	1,077,808	1,041,562
Operating Segments [Member] | Defense Electronics
Segment Reporting Information [Line Items]
Sales	818,547	693,709	727,828
Operating income	191,775	154,568	159,089
Depreciation and amortization	33,347	35,120	38,136
Segment assets	5,573	3,504	3,922
Total assets	1,517,877	1,546,331
Operating Segments [Member] | Naval & Power
Segment Reporting Information [Line Items]
Sales	1,142,590	1,030,918	990,339
Operating income	189,227	177,582	136,106
Depreciation and amortization	46,165	39,712	35,937
Segment assets	18,112	13,652	18,106
Operating Segments [Member] | Corporate and Eliminations (1)
Segment Reporting Information [Line Items]
Operating income	(41,678)	(45,703)	(39,883)
Depreciation and amortization	2,666	2,859	3,312
Segment assets	3,914	2,507	2,281
Total assets	529,221	372,842
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Sales	(5,508)	(6,487)	(6,460)
Operating income	$ (41,678)	$ (45,703)	$ (39,883)

SEGMENT INFORMATION (Reconcilia

SEGMENT INFORMATION (Reconciliation) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Operating income	$ 484,602	$ 423,443	$ 377,129
Interest expense	(51,393)	(46,980)	(40,240)
Other income, net	29,861	12,732	12,067
Earnings before income taxes	463,070	389,195	348,956
Total assets	4,620,969	4,448,303
Operating Segments [Member]
Segment Reporting Information [Line Items]
Operating income	526,280	469,146	417,012
Total assets	4,091,748	4,075,461
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Operating income	(41,678)	(45,703)	$ (39,883)
Non-Segment | Cash
Segment Reporting Information [Line Items]
Total assets	228,930	122,198
Non-Segment | Other Assets [Member]
Segment Reporting Information [Line Items]
Total assets	$ 300,291	$ 250,644

SEGMENT INFORMATION (Geographic

SEGMENT INFORMATION (Geographic) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
RevenuesFromExternalCustomersAndLongLivedAssetsLineItems
Sales	$ 2,845,373	$ 2,557,025	$ 2,500,761
Property, plant, and equipment, net	332,796	342,708
United States of America
RevenuesFromExternalCustomersAndLongLivedAssetsLineItems
Sales	2,060,986	1,879,001	1,851,827
Property, plant, and equipment, net	243,542	254,317
United Kingdom
RevenuesFromExternalCustomersAndLongLivedAssetsLineItems
Sales	115,078	102,965	93,154
Property, plant, and equipment, net	25,898	27,049
Other foreign countries
RevenuesFromExternalCustomersAndLongLivedAssetsLineItems
Sales	669,309	575,059	$ 555,780
Property, plant, and equipment, net	$ 63,356	$ 61,342

CONTINGENCIES AND COMMITMENTS (

CONTINGENCIES AND COMMITMENTS (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Loss Contingencies [Line Items]
Asset Retirement Obligation	$ 8,000
Surety Bond Outstanding	35,000
Standby letters of credit
Loss Contingencies [Line Items]
Letters of credit	20,000	$ 17,000
Financial Standby Letter of Credit [Member]
Loss Contingencies [Line Items]
Letters of credit	$ 16,000	$ 3,000

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (258,916)	$ (190,465)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	45,737	(84,688)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(44)	16,237
Other Comprehensive Income (Loss), Net of Tax	45,693	(68,451)	$ 120,391
Accumulated Other Comprehensive Income (Loss), Net of Tax	(213,223)	(258,916)	(190,465)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(160,807)	(99,566)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	37,519	(61,241)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0
Other Comprehensive Income (Loss), Net of Tax	37,519	(61,241)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(123,288)	(160,807)	(99,566)
Total reclassifications
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(98,109)	(90,899)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	8,218	(23,447)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(44)	16,237
Other Comprehensive Income (Loss), Net of Tax	8,174	(7,210)
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (89,935)	$ (98,109)	$ (90,899)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME LOSS ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Reclass) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other income, net	$ 29,861	$ 12,732	$ 12,067
Earnings before income taxes	463,070	389,195	348,956
Provision for income taxes	(108,561)	(94,847)	(86,127)
Net earnings	354,509	294,348	$ 262,829
Reclassification out of Accumulated Other Comprehensive Income [Member] | Amortization of prior service costs
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other income, net	133	345
Reclassification out of Accumulated Other Comprehensive Income [Member] | Recognized net actuarial losses
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other income, net	(85)	(17,198)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Settlements
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other income, net	0	(4,499)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Total reclassifications
Accumulated Other Comprehensive Income (Loss) [Line Items]
Earnings before income taxes	48	(21,352)
Provision for income taxes	(4)	5,115
Net earnings	$ 44	$ (16,237)

SCHEDULE II VALUATION AND QUA_3

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
ValuationAndQualifyingAccountsDisclosureLineItems
Valuation Allowances and Reserves, Balance, Beginning Balance	$ 5,664	$ 2,625	$ 1,240
ValuationAllowancesAndReservesChargedToCostAndExpense	1,471	3,920	1,864
ValuationAllowancesAndReservesChargedToOtherAccounts	63	1	(22)
ValuationAllowancesAndReservesDeductions	2,306	882	457
Valuation Allowances and Reserves, Balance, Ending Balance	4,892	5,664	2,625
Net operating loss	8,348	9,096
ValuationAllowanceOfDeferredTaxAssetsMember
ValuationAndQualifyingAccountsDisclosureLineItems
Valuation Allowances and Reserves, Balance, Beginning Balance	5,664	2,625	1,240
ValuationAllowancesAndReservesChargedToCostAndExpense	1,471	3,920	1,864
ValuationAllowancesAndReservesChargedToOtherAccounts	63	1	(22)
ValuationAllowancesAndReservesDeductions	2,306	882	457
Valuation Allowances and Reserves, Balance, Ending Balance	$ 4,892	$ 5,664	$ 2,625