Curtiss-Wright (CW) 10-Q 8 Aug 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2024	Jul. 31, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	1-134
Entity Registrant Name	CURTISS-WRIGHT CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-0612970
Entity Address, Address Line One	130 Harbour Place Drive, Suite 300
Entity Address, City or Town	Davidson,
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28036
City Area Code	704
Local Phone Number	869-4600
Title of 12(b) Security	Common Stock
Trading Symbol	CW
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Small Business	false
Emerging Company	false
Entity Shell Company	false
Entity common stock shares outstanding		38,299,338
Entity Central Index Key	0000026324
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net Sales
Sales	$ 784,791	$ 704,396	$ 1,497,958	$ 1,335,256
Cost of sales
Total cost of sales	500,690	444,823	960,102	854,275
Gross profit	284,101	259,573	537,856	480,981
Research and development expenses	22,152	20,210	45,132	42,234
Selling expenses	35,126	34,273	71,891	66,698
General and administrative expenses	95,008	92,315	189,057	180,659
Restructuring expenses	2,918		2,918	0
Operating income	128,897	112,775	228,858	191,390
Interest expense	(11,216)	(14,992)	(21,786)	(27,936)
Other income, net	8,560	7,954	18,168	15,721
Earnings before income taxes	126,241	105,737	225,240	179,175
Provision for income taxes	(26,770)	(24,738)	(49,274)	(41,330)
Net earnings	$ 99,471	$ 80,999	$ 175,966	$ 137,845
Basic earnings per share
Basic earnings per share (usd per share)	$ 2.60	$ 2.11	$ 4.60	$ 3.60
Diluted earnings per share
Diluted earnings per share (usd per share)	2.58	2.10	4.58	3.58
Dividends per share	$ 0.21	$ 0.20	$ 0.41	$ 0.39
Weighted average shares outstanding:
Basic (shares)	38,302	38,329	38,273	38,309
Diluted (shares)	38,501	38,555	38,460	38,528
Product
Net Sales
Sales	$ 661,407	$ 583,036	$ 1,257,111	$ 1,107,917
Cost of sales
Cost of Goods and Services Sold	428,926	369,549	818,403	713,306
Service
Net Sales
Sales	123,384	121,360	240,847	227,339
Cost of sales
Cost of Goods and Services Sold	$ 71,764	$ 75,274	$ 141,699	$ 140,969

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net earnings		$ 99,471	$ 80,999	$ 175,966	$ 137,845
Other comprehensive income
Foreign currency translation, net of tax	[1]	(5,444)	19,298	(21,023)	33,964
Pension and postretirement adjustments, net of tax	[1]	211	(231)	758	(423)
Other comprehensive income (loss), net of tax		(5,233)	19,067	(20,265)	33,541
Comprehensive income		$ 94,238	$ 100,066	$ 155,701	$ 171,386
[1] The tax benefit (expense) included in foreign currency translation adjustments and pension and postretirement adjustments for the three and six months ended June 30, 2024 and June 30, 2023 was immaterial.

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 382,564	$ 406,867
Receivables, net	817,135	732,678
Inventories, net	559,142	510,033
Other current assets	77,039	67,502
Total current assets	1,835,880	1,717,080
Property, plant, and equipment, net	326,969	332,796
Goodwill	1,571,004	1,558,826
Other intangible assets, net	545,448	557,612
Operating lease right-of-use assets, net	146,956	141,435
Prepaid pension asset	272,857	261,869
Other assets	49,080	51,351
Total assets	4,748,194	4,620,969
Current liabilities:
Current portion of long-term debt	90,000	0
Accounts payable	224,778	243,833
Accrued expenses	158,505	188,039
Deferred revenue	341,601	303,872
Other current liabilities	81,632	70,800
Total current liabilities	896,516	806,544
Long-term debt	959,655	1,050,362
Deferred tax liabilities, net	128,277	132,319
Accrued pension and other postretirement benefit costs	67,650	66,875
Long-term operating lease liability	123,586	118,611
Long-term portion of environmental reserves	14,157	12,784
Other liabilities	99,933	105,061
Total liabilities	2,289,774	2,292,556
Stockholders' Equity
Common stock, $1 par value, 100,000,000 shares authorized as of June 30, 2024 and December 31, 2023; 49,187,378 shares issued as of June 30, 2024 and December 31, 2023; outstanding shares were 38,289,678 as of June 30, 2024 and 38,202,754 as of December 31, 2023	49,187	49,187
Additional paid in capital	135,574	140,182
Retained earnings	3,648,005	3,487,751
Accumulated other comprehensive loss	(233,488)	(213,223)
Common treasury stock, at cost (10,897,700 shares as of June 30, 2024 and 10,984,624 shares as of December 31, 2023)	(1,140,858)	(1,135,484)
Total stockholders’ equity	2,458,420	2,328,413
Total liabilities and stockholders’ equity	$ 4,748,194	$ 4,620,969

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common stock, par value (usd per share)	$ 1	$ 1
Common Stock, Shares Authorized (in shares)	100,000,000	100,000,000
Common Stock, Shares, Issued (in shares)	49,187,378	49,187,378
Common Stock, Shares, Outstanding (in shares)	38,289,678	38,202,754
Treasury Stock, Common, Shares (in shares)	10,897,700	10,984,624

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net earnings	$ 175,966	$ 137,845
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation and amortization	54,151	57,975
Loss on sale/disposal of long-lived assets	85	16
Deferred income taxes	(7,823)	(6,553)
Share-based compensation	9,466	8,859
Non-cash restructuring charges	1,394	0
Change in operating assets and liabilities, net of businesses acquired and divested:
Accounts receivable, net	(85,914)	(22,003)
Inventories, net	(54,113)	(56,094)
Accounts payable and accrued expenses	(55,306)	(72,019)
Deferred revenue	36,573	21,586
Net pension and postretirement liabilities	(9,528)	(9,392)
Other current and long-term assets and liabilities	751	(40,867)
Net cash provided by operating activities	65,702	19,353
Cash flows from investing activities:
Proceeds from sale/disposal of long-lived assets	135	473
Additions to property, plant, and equipment	(23,119)	(22,664)
Acquisition of businesses, net of cash acquired	(33,756)	0
Net cash used for investing activities	(56,740)	(22,191)
Cash flows from financing activities:
Borrowings under revolving credit facility	8,893	481,099
Payments of revolving credit facilities	(8,893)	(356,099)
Principal payments on debt	0	(202,500)
Repurchases of common stock	(24,796)	(24,365)
Proceeds from share-based compensation	5,472	5,225
Dividends paid	(7,665)	(7,290)
Proceeds from (Payments for) Other Financing Activities	(579)	(537)
Net cash used for financing activities	(27,568)	(104,467)
Effect of exchange-rate changes on cash	(5,697)	9,068
Net decrease in cash and cash equivalents	(24,303)	(98,237)
Cash and cash equivalents at beginning of period	406,867	256,974
Cash and cash equivalents at end of period	$ 382,564	$ 158,737

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands		Total	Common Stock	Additional Paid in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Beginning Balance at Dec. 31, 2022			$ 49,187	$ 134,553	$ 3,163,491	$ (258,916)	$ (1,107,101)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings		$ 137,845			137,845
Other Comprehensive Income (Loss), Net of Tax		33,541				33,541
Dividends paid					(14,960)
Restricted stock				(13,878)			13,878
Employee stock purchase plan				1,483			3,742
Share-based compensation				8,949			(90)
Repurchases of common stock	[1]						(24,365)
Other				(261)			261
Ending Balance at Jun. 30, 2023			49,187	130,846	3,286,376	(225,375)	(1,113,675)
Beginning Balance at Dec. 31, 2022			49,187	134,553	3,163,491	(258,916)	(1,107,101)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other Comprehensive Income (Loss), Net of Tax		45,693
Ending Balance at Dec. 31, 2023		2,328,413	49,187	140,182	3,487,751	(213,223)	(1,135,484)
Beginning Balance at Mar. 31, 2023			49,187	126,909	3,213,039	(244,442)	(1,101,439)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings		80,999			80,999
Other Comprehensive Income (Loss), Net of Tax		19,067				19,067
Dividends paid					(7,662)
Restricted stock				(73)			73
Share-based compensation				4,010			(330)
Repurchases of common stock	[1]						(11,979)
Ending Balance at Jun. 30, 2023			49,187	130,846	3,286,376	(225,375)	(1,113,675)
Beginning Balance at Dec. 31, 2023		2,328,413	49,187	140,182	3,487,751	(213,223)	(1,135,484)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings		175,966			175,966
Other Comprehensive Income (Loss), Net of Tax		(20,265)				(20,265)
Dividends paid					(15,712)
Restricted stock				(13,879)			13,879
Employee stock purchase plan				2,484			2,988
Share-based compensation				9,251			215
Repurchases of common stock							(24,796)
Other				(2,464)			2,340
Ending Balance at Jun. 30, 2024		2,458,420	49,187	135,574	3,648,005	(233,488)	(1,140,858)
Beginning Balance at Mar. 31, 2024			49,187	133,166	3,556,572	(228,255)	(1,130,491)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings		99,471			99,471
Other Comprehensive Income (Loss), Net of Tax		(5,233)				(5,233)
Dividends paid					(8,038)
Restricted stock				0			0
Share-based compensation				4,689			82
Repurchases of common stock							(12,606)
Other				(2,281)			2,157
Ending Balance at Jun. 30, 2024		$ 2,458,420	$ 49,187	$ 135,574	$ 3,648,005	$ (233,488)	$ (1,140,858)
[1]For the three and six months ended June 30, 2024, the Corporation repurchased approximately 47,000 and 100,000 shares of its common stock, respectively. For the three and six months ended June 30, 2023, the Corporation repurchased approximately 73,000 and 146,000 shares of its common stock, respectively.

STATEMENT OF STOCKHOLDERS' EQUI

STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Stockholders' Equity [Abstract]
Treasury Stock, Shares, Acquired	47	73	100	146

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Curtiss-Wright Corporation along with its subsidiaries ("we," the "Corporation," or the "Company") is a global integrated business that provides highly engineered products, solutions, and services mainly to aerospace & defense (A&D) markets, as well as critical technologies in demanding commercial power, process, and industrial markets. The unaudited condensed consolidated financial statements include the accounts of Curtiss-Wright and its majority-owned subsidiaries. All intercompany transactions and accounts have been eliminated. The unaudited condensed consolidated financial statements of the Corporation have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in annual financial statements have been condensed or omitted as permitted by such rules and regulations. Management is required to make estimates and judgments that affect the reported amount of assets, liabilities, revenue, and expenses and disclosure of contingent assets and liabilities in the accompanying financial statements. Actual results may differ from these estimates. The most significant of these estimates includes the estimate of costs to complete using the over-time revenue recognition accounting method, pension plan and postretirement obligation assumptions, estimates for inventory obsolescence, fair value estimates around assets and assumed liabilities from acquisitions, estimates for the valuation and useful lives of intangible assets, legal reserves, and the estimate of future environmental costs. Changes in estimates of contract sales, costs, and profits are recognized using the cumulative catch-up method of accounting. This method recognizes in the current period the cumulative effect of the changes on current and prior periods. Accordingly, the effect of the changes on future periods of contract performance is recognized as if the revised estimate had been the original estimate. During the three and six months ended June 30, 2024 and 2023, there were no significant changes in estimated contract costs. In the opinion of management, all adjustments considered necessary for a fair presentation have been reflected in these financial statements. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Corporation’s 2023 Annual Report on Form 10-K. The results of operations for interim periods are not necessarily indicative of trends or of the operating results for a full year. New Accounting Pronouncements Not Yet Adopted

REVENUE

REVENUE	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE The Corporation recognizes revenue when control of a promised good and/or service is transferred to a customer in an amount that reflects the consideration that the Corporation expects to be entitled to in exchange for that good and/or service. Performance Obligations The Corporation identifies a performance obligation for each promise in a contract to transfer a distinct good or service to the customer. As part of its assessment, the Corporation considers all goods and/or services promised in the contract, regardless of whether they are explicitly stated or implied by customary business practices. The Corporation’s contracts may contain either a single performance obligation, including the promise to transfer individual goods or services that are not separately distinct within the context of the respective contracts, or multiple performance obligations. For contracts with multiple performance obligations, the Corporation allocates the overall transaction price to each performance obligation using standalone selling prices, where available, or utilizes estimates for each distinct good or service in the contract where standalone prices are not available. The Corporation’s performance obligations are satisfied either at a point-in-time or on an over-time basis. Typically, over-time revenue recognition is based on the utilization of an input measure used to measure progress, such as costs incurred to date relative to total estimated costs. If a performance obligation does not qualify for over-time revenue recognition, revenue is then recognized at the point-in-time in which control of the distinct good or service is transferred to the customer, typically based upon the terms of delivery. The following table illustrates the approximate percentage of revenue recognized for performance obligations satisfied over-time versus at a point-in-time for the three and six months ended June 30, 2024 and 2023: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Over-time 50 % 46 % 50 % 47 % Point-in-time 50 % 54 % 50 % 53 % 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 $3.2 billion as of June 30, 2024, of which the Corporation expects to recognize approximately 88% as net sales over the next 36 months. The remainder will be recognized thereafter. Disaggregation of Revenue The following table presents the Corporation’s total net sales disaggregated by end market and customer type: Total Net Sales by End Market and Customer Type Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2024 2023 2024 2023 Aerospace & Defense Aerospace Defense $ 154,104 $ 132,192 $ 286,178 $ 232,071 Ground Defense 84,939 70,875 175,700 137,132 Naval Defense 209,847 180,956 387,494 352,912 Commercial Aerospace 93,316 82,033 183,091 152,523 Total Aerospace & Defense $ 542,206 $ 466,056 $ 1,032,463 $ 874,638 Commercial Power & Process $ 138,601 $ 131,000 $ 262,639 $ 251,338 General Industrial 103,984 107,340 202,856 209,280 Total Commercial $ 242,585 $ 238,340 $ 465,495 $ 460,618 Total $ 784,791 $ 704,396 $ 1,497,958 $ 1,335,256 Contract Balances Timing of revenue recognition and cash collection may result in billed receivables, unbilled receivables (contract assets), and deferred revenue (contract liabilities) on the Condensed Consolidated Balance Sheet. The Corporation’s contract assets primarily relate to its rights to consideration for work completed but not billed as of the reporting date. Contract assets are transferred to billed receivables when the rights to consideration become unconditional. This is typical in situations where amounts are billed as work progresses in accordance with agreed-upon contractual terms or upon achievement of contractual milestones. The Corporation’s contract liabilities primarily consist of customer advances received prior to revenue being earned. Revenue recognized during the three and six months ended June 30, 2024 included in the contract liabilities balance as of January 1, 2024 was approximately $71 million and $161 million, respectively. Revenue recognized during the three and six months ended June 30, 2023 included in the contract liabilities balance as of January 1, 2023 was approximately $58 million and $147 million, respectively. Contract assets and contract liabilities are reported in the "Receivables, net" and "Deferred revenue" lines, respectively, within the Condensed Consolidated Balance Sheet.

ACQUISITIONS

ACQUISITIONS	6 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
ACQUISITIONS	ACQUISITIONS The Corporation continually evaluates potential acquisitions that either strategically fit within the Corporation’s existing portfolio or expand the Corporation’s portfolio into new product lines or adjacent markets. The Corporation has completed 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 acquisition purchase price reflects the future earnings and cash flow potential in excess of the earnings and cash flows attributable to the current product and customer set at the time of acquisition. Thus, goodwill inherently includes the know-how of the assembled workforce, the ability of the workforce to further improve the technology and product offerings, and the expected cash flows resulting from these efforts. Goodwill may also include expected synergies resulting from the complementary strategic fit these businesses bring to existing operations. The Corporation allocates the purchase price at the date of acquisition based upon its understanding of the fair value of the acquired assets and assumed liabilities. In the months after closing, as the Corporation obtains additional information about these assets and liabilities, including through tangible and intangible asset appraisals, and as the Corporation learns more about the newly acquired business, it is able to refine the estimates of fair value and more accurately allocate the purchase price. Only items identified as of the acquisition date are considered for subsequent adjustment. The Corporation will make appropriate adjustments to the purchase price allocation prior to completion of the measurement period, as required. During the six months ended June 30, 2024, the Corporation acquired one business for an aggregate purchase price of $34 million. The Condensed Consolidated Statement of Earnings for the six months ended June 30, 2024 includes $2 million of total net sales and $1 million of net losses from the Corporation's 2024 acquisition. During the six months ended June 30, 2023, the Corporation did not complete any acquisitions. The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for the acquisition consummated during the six months ended June 30, 2024. (In thousands) 2024 Accounts receivable $ 3,203 Other current and non-current assets 200 Intangible assets 17,900 Operating lease right-of-use assets, net 1,516 Current and non-current liabilities (4,918) Deferred income taxes (4,116) Net tangible and intangible assets 13,785 Goodwill 19,971 Total purchase price $ 33,756 Goodwill deductible for tax purposes $ — 2024 Acquisition WSC Inc. (WSC) On April 1, 2024, the Corporation completed the acquisition of WSC for $34 million. The Share Purchase Agreement contains representations and warranties customary for a transaction of this type, including a portion of the purchase price deposited in escrow as security for potential indemnification claims against seller. The acquired business, which operates within the Naval & Power segment, is a provider of simulation technology that supports the design, commissioning, and reliable operation of commercial nuclear power generation and process plants. The acquisition is subject to post-closing adjustments with the purchase price allocation not yet complete. 2024 Acquisition to be completed Ultra Nuclear Limited and Weed Instrument Co., Inc. (Ultra Energy) On June 3, 2024, the Corporation announced that it entered into an agreement to acquire the stock of Ultra Energy, a subsidiary of Ultra Electronics, for $200 million in cash. Ultra Energy is a designer and manufacturer of reactor protection systems, neutron monitoring systems, radiation monitoring systems, and temperature and pressure sensors. The acquisition is expected to close in the third quarter of 2024, subject to UK regulatory approval, with the acquired business to operate within the Naval & Power segment.

RECEIVABLES

RECEIVABLES	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
RECEIVABLES	RECEIVABLES Receivables primarily include amounts billed to customers, unbilled charges on long-term contracts consisting of amounts recognized as sales but not billed, and other receivables. Substantially all amounts of unbilled receivables are expected to be billed and collected within one year. An immaterial amount of unbilled receivables are subject to retainage provisions. The amount of claims and unapproved change orders within our receivables balances are immaterial. The composition of receivables is as follows: (In thousands) June 30, 2024 December 31, 2023 Billed receivables: Trade and other receivables $ 474,989 $ 427,830 Unbilled receivables (contract assets): Recoverable costs and estimated earnings not billed 347,622 309,561 Less: Progress payments applied — (687) Net unbilled receivables 347,622 308,874 Less: Allowance for doubtful accounts (5,476) (4,026) Receivables, net $ 817,135 $ 732,678

INVENTORIES

INVENTORIES	6 Months Ended
	Jun. 30, 2024
Inventory, Net [Abstract]
INVENTORIES	INVENTORIES Inventoried costs contain amounts relating to long-term contracts and programs with long production cycles, a portion of which will not be realized within one year. Long-term contract inventory includes an immaterial amount of claims or other similar items subject to uncertainty concerning their determination or realization. Inventories are valued at the lower of cost or net realizable value. The composition of inventories is as follows: (In thousands) June 30, 2024 December 31, 2023 Raw materials $ 261,010 $ 239,313 Work-in-process 120,540 103,750 Finished goods 135,776 126,174 Inventoried costs related to U.S. Government and other long-term contracts 42,553 43,255 Inventories, net of reserves 559,879 512,492 Less: Progress payments applied (737) (2,459) Inventories, net $ 559,142 $ 510,033

GOODWILL

GOODWILL	6 Months Ended
	Jun. 30, 2024
Goodwill [Abstract]
GOODWILL	GOODWILL The Corporation accounts for acquisitions by assigning the purchase price to acquired tangible and intangible assets and liabilities assumed. Assets acquired and liabilities assumed are recorded at their fair values, and the excess of the purchase price over the amounts assigned is recorded as goodwill. The changes in the carrying amount of goodwill for the six months ended June 30, 2024 are as follows: (In thousands) Aerospace & Industrial Defense Electronics Naval & Power Consolidated December 31, 2023 $ 325,131 $ 710,378 $ 523,317 $ 1,558,826 Acquisitions — — 19,971 19,971 Foreign currency translation adjustment (764) (4,690) (2,339) (7,793) June 30, 2024 $ 324,367 $ 705,688 $ 540,949 $ 1,571,004

OTHER INTANGIBLE ASSETS, NET

OTHER INTANGIBLE ASSETS, NET	6 Months Ended
	Jun. 30, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract]
OTHER INTANGIBLE ASSETS, NET	OTHER INTANGIBLE ASSETS, NET Intangible assets are generally the result of acquisitions and consist primarily of purchased technology and customer related intangibles. Intangible assets are amortized over useful lives that range between 1 to 20 years. The following tables present the cumulative composition of the Corporation’s intangible assets: June 30, 2024 December 31, 2023 (In thousands) Gross Accumulated Amortization Net Gross Accumulated Amortization Net Technology $ 311,884 $ (202,231) $ 109,653 $ 308,256 $ (195,446) $ 112,810 Customer related intangibles 680,466 (353,942) 326,524 670,966 (339,325) 331,641 Programs (1) 144,000 (45,000) 99,000 144,000 (41,400) 102,600 Other intangible assets 54,879 (44,608) 10,271 54,227 (43,666) 10,561 Total $ 1,191,229 $ (645,781) $ 545,448 $ 1,177,449 $ (619,837) $ 557,612 (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 six months ended June 30, 2024, the Corporation acquired intangible assets of $18 million. The Corporation acquired Customer-related intangibles of $12 million, Technology of $5 million, and Other intangible assets of $1 million, which have weighted average amortization periods of 18 years, 15 years, and 4 years, respectively. Total intangible amortization expense for the six months ended June 30, 2024 was $29 million, as compared to $33 million in the comparable prior year period. The estimated future amortization expense of intangible assets over the next five years is as follows: (In millions) 2024 $ 57 2025 $ 55 2026 $ 54 2027 $ 51 2028 $ 45

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	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 that is primarily based on quoted market prices for the same or similar issuances as of June 30, 2024. Accordingly, all of the Corporation’s debt is valued as a Level 2 financial instrument. The fair values described below may not be indicative of net realizable value or reflective of future fair values. Furthermore, the use of different methodologies to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. June 30, 2024 December 31, 2023 (In thousands) Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value 3.85% Senior notes due 2025 $ 90,000 $ 88,979 $ 90,000 $ 88,243 4.24% Senior notes due 2026 200,000 194,089 200,000 195,556 4.05% Senior notes due 2028 67,500 64,108 67,500 64,801 4.11% Senior notes due 2028 90,000 84,874 90,000 85,999 3.10% Senior notes due 2030 150,000 129,919 150,000 131,942 3.20% Senior notes due 2032 150,000 124,759 150,000 127,649 4.49% Senior notes due 2032 200,000 182,491 200,000 187,584 4.64% Senior notes due 2034 100,000 90,311 100,000 92,961 Total debt 1,047,500 959,530 1,047,500 974,735 Debt issuance costs, net (1,434) (1,434) (1,541) (1,541) Unamortized interest rate swap proceeds 3,589 3,589 4,403 4,403 Total debt, net $ 1,049,655 $ 961,685 $ 1,050,362 $ 977,597

PENSION PLANS

PENSION PLANS	6 Months Ended
	Jun. 30, 2024
Retirement Benefits, Description [Abstract]
PENSION PLANS	PENSION PLANS Defined Benefit Pension Plans The following table is a consolidated disclosure of all domestic and foreign defined benefit pension plans as described in the Corporation’s 2023 Annual Report on Form 10-K filed with the SEC. The components of net periodic pension cost for the three and six months ended June 30, 2024 and 2023 were as follows: Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2024 2023 2024 2023 Service cost $ 4,270 $ 4,137 $ 8,552 $ 8,264 Interest cost 8,585 8,811 17,178 17,601 Expected return on plan assets (16,538) (15,858) (33,091) (31,678) Amortization of prior service cost (7) (33) (15) (66) Amortization of unrecognized actuarial loss 266 76 532 153 Net periodic pension cost $ (3,424) $ (2,867) $ (6,844) $ (5,726) The Corporation did not make any contributions to the Curtiss-Wright Pension Plan during the six months ended June 30, 2024, and does not expect to do so throughout the remainder of the year. Contributions to the foreign benefit plans are not expected to be material in 2024. Defined Contribution Retirement Plan The Company also maintains a defined contribution plan for all non-union employees who are not currently receiving final or career average pay benefits for its U.S. subsidiaries. The employer contributions include both employer match and non-elective contribution components up to a maximum employer contribution of 7% of eligible compensation. During the three and six months ended June 30, 2024, the expense relating to the plan was $6.7 million and $14.3 million, respectively. During the three and six months ended June 30, 2023, the expense relating to the plan was $6.1 million and $12.2 million, respectively.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE Diluted earnings per share was computed based on the weighted-average number of shares outstanding plus all potentially dilutive common shares. A reconciliation of basic to diluted shares used in the earnings per share calculation is as follows: Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2024 2023 2024 2023 Basic weighted-average shares outstanding 38,302 38,329 38,273 38,309 Dilutive effect of deferred stock compensation 199 226 187 219 Diluted weighted-average shares outstanding 38,501 38,555 38,460 38,528 For the three and six months ended June 30, 2024, there were approximately 39,000 and 49,000 shares, respectively, issuable under equity-based awards that were excluded from the calculation of diluted earnings per share as they were anti-dilutive based on the average stock price during the period. There were approximately 20,000 and 22,000 anti-dilutive equity-based awards for the three and six months ended June 30, 2023, respectively.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Corporation’s measure of segment profit or loss is operating income. Interest expense and income taxes are not reported on an operating segment basis as they are not considered in the segments’ performance evaluation by the Corporation’s chief operating decision-maker, its Chief Executive Officer. Net sales and operating income by reportable segment were as follows: Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2024 2023 2024 2023 Net sales Aerospace & Industrial $ 233,591 $ 226,766 $ 453,138 $ 430,352 Defense Electronics 229,210 198,407 441,693 361,477 Naval & Power 323,206 280,731 605,419 547,545 Less: Intersegment revenues (1,216) (1,508) (2,292) (4,118) Total consolidated $ 784,791 $ 704,396 $ 1,497,958 $ 1,335,256 Operating income (expense) Aerospace & Industrial $ 35,246 $ 35,665 $ 62,712 $ 62,210 Defense Electronics 58,244 43,180 106,325 66,548 Naval & Power 46,283 46,782 81,474 84,719 Corporate and other (1) (10,876) (12,852) (21,653) (22,087) Total consolidated $ 128,897 $ 112,775 $ 228,858 $ 191,390 (1) Includes pension and other postretirement benefit expense, certain environmental costs related to remediation at legacy sites, and certain other expenses. Adjustments to reconcile operating income to earnings before income taxes are as follows: Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2024 2023 2024 2023 Total operating income $ 128,897 $ 112,775 $ 228,858 $ 191,390 Interest expense 11,216 14,992 21,786 27,936 Other income, net 8,560 7,954 18,168 15,721 Earnings before income taxes $ 126,241 $ 105,737 $ 225,240 $ 179,175 (In thousands) June 30, 2024 December 31, 2023 Identifiable assets Aerospace & Industrial $ 1,074,812 $ 1,077,808 Defense Electronics 1,534,578 1,517,877 Naval & Power 1,612,588 1,496,063 Corporate and Other 526,216 529,221 Total consolidated $ 4,748,194 $ 4,620,969

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Jun. 30, 2024
Stockholders' Equity Note [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The cumulative balance of each component of accumulated other comprehensive income (AOCI), net of tax, is as follows: (In thousands) Foreign currency translation adjustments, net Total pension and postretirement adjustments, net Accumulated other comprehensive income (loss) December 31, 2022 $ (160,807) $ (98,109) $ (258,916) Other comprehensive income 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) Other comprehensive income (loss) before reclassifications (1) (21,023) 363 (20,660) Amounts reclassified from accumulated other comprehensive income (1) — 395 395 Net current period other comprehensive income (loss) (21,023) 758 (20,265) June 30, 2024 $ (144,311) $ (89,177) $ (233,488) (1) All amounts are after tax.

CONTINGENCIES AND COMMITMENTS

CONTINGENCIES AND COMMITMENTS	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES AND COMMITMENTS	CONTINGENCIES AND COMMITMENTS From time to time, the Corporation and its subsidiaries are involved in legal proceedings that are incidental to the operation of our business. Some of these proceedings allege damages relating to asbestos and environmental exposures, intellectual property matters, copyright infringement, personal injury claims, employment and employee benefit matters, government contract issues, commercial or contractual disputes, and acquisitions or divestitures. The Corporation continues to defend vigorously against all claims. Although the ultimate outcome of any legal matter cannot be predicted with certainty, based on present information, including assessment of the merits of the particular claim, as well as current accruals and insurance coverage, the Corporation does not expect that such legal proceedings will have a material adverse impact on its condensed consolidated financial statements. Legal Proceedings The Corporation has been named in a number of lawsuits that allege injury from exposure to asbestos. To date, the Corporation has not been found liable for or paid any material sum of money in settlement in any asbestos-related case. The Corporation believes its minimal use of asbestos in its past operations as well as its acquired businesses’ operations and the relatively non- friable condition of asbestos in its historical products makes it unlikely that it will face material liability in any asbestos litigation, whether individually or in the aggregate. The Corporation maintains insurance coverage and indemnification agreements for these potential liabilities and believes adequate coverage exists to cover any unanticipated asbestos liability. Letters of Credit and Other Financial Arrangements The Corporation enters into standby letters of credit agreements and guarantees with financial institutions and customers primarily relating to guarantees of repayment, future performance on certain contracts to provide products and services, and to secure advance payments from certain international customers. As of June 30, 2024 and December 31, 2023, there were $18 million and $20 million of stand-by letters of credit outstanding, respectively, and $11 million and $16 million of bank guarantees outstanding, respectively. In addition, the Corporation is required to provide the Nuclear Regulatory Commission financial assurance demonstrating its ability to cover the cost of decommissioning its Cheswick, Pennsylvania facility upon closure, though the Corporation does not intend to close this facility. The Corporation has provided this financial assurance in the form of a $35 million surety bond.

RESTRUCTURING COSTS

RESTRUCTURING COSTS	6 Months Ended
	Jun. 30, 2024
Restructuring and Related Activities [Abstract]
RESTRUCTURING COSTS	RESTRUCTURING COSTS During the quarter ended June 30, 2024, the Corporation executed restructuring activities across all of its segments to support its ongoing effort of improving operating efficiency ("2024 Restructuring Program"). These activities, which primarily include workforce reductions, consolidation of facilities, and costs related to legal entity restructuring, resulted in pre-tax charges of approximately $4 million for the three and six months ended June 30, 2024. The Company anticipates that these actions will be substantially completed by June 30, 2025. The following tables summarize the respective balances related to these restructuring activities by both reportable segment as well as on a consolidated basis: In thousands Restructuring Liability as of December 31, 2023 Provision Cash Payments Restructuring Liability as of June 30, 2024 Aerospace & Industrial Severance $ — $ 835 $ (770) $ 65 Facility closure and other costs — 392 (92) 300 Total Aerospace & Industrial $ — $ 1,227 $ (862) $ 365 Defense Electronics Severance $ — $ 526 $ (368) $ 158 Facility closure and other costs — — — — Total Defense Electronics $ — $ 526 $ (368) $ 158 Naval & Power Severance $ — $ 198 $ (198) $ — Facility closure and other costs — — — — Total Naval & Power $ — $ 198 $ (198) $ — Consolidated (including Corporate) Severance $ — $ 1,776 $ (1,345) $ 431 Facility closure and other costs — 1,142 (124) 1,018 Total consolidated $ — $ 2,918 $ (1,469) $ 1,449 A reconciliation of total pre-tax restructuring charges is as follows: Affected line item in the Condensed Consolidated Statement of Earnings Six months ended (In thousands) June 30, 2024 Inventory write-downs Cost of product sales $ 1,394 Severance, facility closure, and other costs Restructuring expenses 2,918 Total restructuring charges Earnings before income taxes $ 4,312 There were no such comparable charges for the three or six months ended June 30, 2023.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net earnings	$ 99,471	$ 80,999	$ 175,966	$ 137,845

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	6 Months Ended
	Jun. 30, 2024 shares	Jun. 30, 2024 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		During the six months ended June 30, 2024, 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) Kevin M. Rayment Vice President and Chief Operating Officer Adoption Rule 10b5-1 Trading Arrangement March 3, 2024 June 3, 2024 December 31, 2024 Up to 8,415 shares to be sold 1. Except as indicated by footnote, the 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 arrangement 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. The 10b5-1 Trading Arrangement 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.
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Kevin M. Rayment [Member]
Trading Arrangements, by Individual
Name	Kevin M. Rayment
Title	Vice President and Chief Operating Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	March 3, 2024
Expiration Date	December 31, 2024
Arrangement Duration	211 days
Aggregate Available	8,415	8,415

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis Of Accounting	Curtiss-Wright Corporation along with its subsidiaries ("we," the "Corporation," or the "Company") is a global integrated business that provides highly engineered products, solutions, and services mainly to aerospace & defense (A&D) markets, as well as critical technologies in demanding commercial power, process, and industrial markets. The unaudited condensed consolidated financial statements include the accounts of Curtiss-Wright and its majority-owned subsidiaries. All intercompany transactions and accounts have been eliminated. The unaudited condensed consolidated financial statements of the Corporation have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in annual financial statements have been condensed or omitted as permitted by such rules and regulations. Management is required to make estimates and judgments that affect the reported amount of assets, liabilities, revenue, and expenses and disclosure of contingent assets and liabilities in the accompanying financial statements. Actual results may differ from these estimates. The most significant of these estimates includes the estimate of costs to complete using the over-time revenue recognition accounting method, pension plan and postretirement obligation assumptions, estimates for inventory obsolescence, fair value estimates around assets and assumed liabilities from acquisitions, estimates for the valuation and useful lives of intangible assets, legal reserves, and the estimate of future environmental costs. Changes in estimates of contract sales, costs, and profits are recognized using the cumulative catch-up method of accounting. This method recognizes in the current period the cumulative effect of the changes on current and prior periods. Accordingly, the effect of the changes on future periods of contract performance is recognized as if the revised estimate had been the original estimate. During the three and six months ended June 30, 2024 and 2023, there were no significant changes in estimated contract costs. In the opinion of management, all adjustments considered necessary for a fair presentation have been reflected in these financial statements.
New Accounting Pronouncements Not Yet Adopted	New Accounting Pronouncements Not Yet Adopted

REVENUE (Tables)

REVENUE (Tables)	6 Months Ended
	Jun. 30, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table illustrates the approximate percentage of revenue recognized for performance obligations satisfied over-time versus at a point-in-time for the three and six months ended June 30, 2024 and 2023: Three Months Ended Six Months Ended June 30, June 30, 2024 2023 2024 2023 Over-time 50 % 46 % 50 % 47 % Point-in-time 50 % 54 % 50 % 53 % The following table presents the Corporation’s total net sales disaggregated by end market and customer type: Total Net Sales by End Market and Customer Type Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2024 2023 2024 2023 Aerospace & Defense Aerospace Defense $ 154,104 $ 132,192 $ 286,178 $ 232,071 Ground Defense 84,939 70,875 175,700 137,132 Naval Defense 209,847 180,956 387,494 352,912 Commercial Aerospace 93,316 82,033 183,091 152,523 Total Aerospace & Defense $ 542,206 $ 466,056 $ 1,032,463 $ 874,638 Commercial Power & Process $ 138,601 $ 131,000 $ 262,639 $ 251,338 General Industrial 103,984 107,340 202,856 209,280 Total Commercial $ 242,585 $ 238,340 $ 465,495 $ 460,618 Total $ 784,791 $ 704,396 $ 1,497,958 $ 1,335,256

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	6 Months Ended
	Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for the acquisition consummated during the six months ended June 30, 2024. (In thousands) 2024 Accounts receivable $ 3,203 Other current and non-current assets 200 Intangible assets 17,900 Operating lease right-of-use assets, net 1,516 Current and non-current liabilities (4,918) Deferred income taxes (4,116) Net tangible and intangible assets 13,785 Goodwill 19,971 Total purchase price $ 33,756 Goodwill deductible for tax purposes $ —

RECEIVABLES (Table)

RECEIVABLES (Table)	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Schedule Of Accounts Notes Loans And Financing Receivable	The composition of receivables is as follows: (In thousands) June 30, 2024 December 31, 2023 Billed receivables: Trade and other receivables $ 474,989 $ 427,830 Unbilled receivables (contract assets): Recoverable costs and estimated earnings not billed 347,622 309,561 Less: Progress payments applied — (687) Net unbilled receivables 347,622 308,874 Less: Allowance for doubtful accounts (5,476) (4,026) Receivables, net $ 817,135 $ 732,678

INVENTORIES (Table)

INVENTORIES (Table)	6 Months Ended
	Jun. 30, 2024
Inventory, Net [Abstract]
Schedule Of Inventory	The composition of inventories is as follows: (In thousands) June 30, 2024 December 31, 2023 Raw materials $ 261,010 $ 239,313 Work-in-process 120,540 103,750 Finished goods 135,776 126,174 Inventoried costs related to U.S. Government and other long-term contracts 42,553 43,255 Inventories, net of reserves 559,879 512,492 Less: Progress payments applied (737) (2,459) Inventories, net $ 559,142 $ 510,033

GOODWILL (Table)

GOODWILL (Table)	6 Months Ended
	Jun. 30, 2024
Goodwill [Abstract]
Schedule Of Goodwill	The changes in the carrying amount of goodwill for the six months ended June 30, 2024 are as follows: (In thousands) Aerospace & Industrial Defense Electronics Naval & Power Consolidated December 31, 2023 $ 325,131 $ 710,378 $ 523,317 $ 1,558,826 Acquisitions — — 19,971 19,971 Foreign currency translation adjustment (764) (4,690) (2,339) (7,793) June 30, 2024 $ 324,367 $ 705,688 $ 540,949 $ 1,571,004

OTHER INTANGIBLE ASSETS, NET (T

OTHER INTANGIBLE ASSETS, NET (Table)	6 Months Ended
	Jun. 30, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Schedule Of Intangible Assets By Major Class	The following tables present the cumulative composition of the Corporation’s intangible assets: June 30, 2024 December 31, 2023 (In thousands) Gross Accumulated Amortization Net Gross Accumulated Amortization Net Technology $ 311,884 $ (202,231) $ 109,653 $ 308,256 $ (195,446) $ 112,810 Customer related intangibles 680,466 (353,942) 326,524 670,966 (339,325) 331,641 Programs (1) 144,000 (45,000) 99,000 144,000 (41,400) 102,600 Other intangible assets 54,879 (44,608) 10,271 54,227 (43,666) 10,561 Total $ 1,191,229 $ (645,781) $ 545,448 $ 1,177,449 $ (619,837) $ 557,612 (1)
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 $ 57 2025 $ 55 2026 $ 54 2027 $ 51 2028 $ 45

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Table)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	June 30, 2024 December 31, 2023 (In thousands) Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value 3.85% Senior notes due 2025 $ 90,000 $ 88,979 $ 90,000 $ 88,243 4.24% Senior notes due 2026 200,000 194,089 200,000 195,556 4.05% Senior notes due 2028 67,500 64,108 67,500 64,801 4.11% Senior notes due 2028 90,000 84,874 90,000 85,999 3.10% Senior notes due 2030 150,000 129,919 150,000 131,942 3.20% Senior notes due 2032 150,000 124,759 150,000 127,649 4.49% Senior notes due 2032 200,000 182,491 200,000 187,584 4.64% Senior notes due 2034 100,000 90,311 100,000 92,961 Total debt 1,047,500 959,530 1,047,500 974,735 Debt issuance costs, net (1,434) (1,434) (1,541) (1,541) Unamortized interest rate swap proceeds 3,589 3,589 4,403 4,403 Total debt, net $ 1,049,655 $ 961,685 $ 1,050,362 $ 977,597

PENSION PLANS (Table)

PENSION PLANS (Table)	6 Months Ended
	Jun. 30, 2024
Retirement Benefits, Description [Abstract]
Schedule Of Defined Benefit Plans Disclosures	The components of net periodic pension cost for the three and six months ended June 30, 2024 and 2023 were as follows: Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2024 2023 2024 2023 Service cost $ 4,270 $ 4,137 $ 8,552 $ 8,264 Interest cost 8,585 8,811 17,178 17,601 Expected return on plan assets (16,538) (15,858) (33,091) (31,678) Amortization of prior service cost (7) (33) (15) (66) Amortization of unrecognized actuarial loss 266 76 532 153 Net periodic pension cost $ (3,424) $ (2,867) $ (6,844) $ (5,726)

EARNINGS PER SHARE (Table)

EARNINGS PER SHARE (Table)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Reconciliation	A reconciliation of basic to diluted shares used in the earnings per share calculation is as follows: Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2024 2023 2024 2023 Basic weighted-average shares outstanding 38,302 38,329 38,273 38,309 Dilutive effect of deferred stock compensation 199 226 187 219 Diluted weighted-average shares outstanding 38,501 38,555 38,460 38,528

SEGMENT INFORMATION (Table)

SEGMENT INFORMATION (Table)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Schedule Of Segment Reporting Information By Segment	Net sales and operating income by reportable segment were as follows: Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2024 2023 2024 2023 Net sales Aerospace & Industrial $ 233,591 $ 226,766 $ 453,138 $ 430,352 Defense Electronics 229,210 198,407 441,693 361,477 Naval & Power 323,206 280,731 605,419 547,545 Less: Intersegment revenues (1,216) (1,508) (2,292) (4,118) Total consolidated $ 784,791 $ 704,396 $ 1,497,958 $ 1,335,256 Operating income (expense) Aerospace & Industrial $ 35,246 $ 35,665 $ 62,712 $ 62,210 Defense Electronics 58,244 43,180 106,325 66,548 Naval & Power 46,283 46,782 81,474 84,719 Corporate and other (1) (10,876) (12,852) (21,653) (22,087) Total consolidated $ 128,897 $ 112,775 $ 228,858 $ 191,390 (1) Includes pension and other postretirement benefit expense, certain environmental costs related to remediation at legacy sites, and certain other expenses.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	Adjustments to reconcile operating income to earnings before income taxes are as follows: Three Months Ended Six Months Ended June 30, June 30, (In thousands) 2024 2023 2024 2023 Total operating income $ 128,897 $ 112,775 $ 228,858 $ 191,390 Interest expense 11,216 14,992 21,786 27,936 Other income, net 8,560 7,954 18,168 15,721 Earnings before income taxes $ 126,241 $ 105,737 $ 225,240 $ 179,175
Reconciliation Of Assets From Segment To Consolidated	(In thousands) June 30, 2024 December 31, 2023 Identifiable assets Aerospace & Industrial $ 1,074,812 $ 1,077,808 Defense Electronics 1,534,578 1,517,877 Naval & Power 1,612,588 1,496,063 Corporate and Other 526,216 529,221 Total consolidated $ 4,748,194 $ 4,620,969

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Table)	6 Months Ended
	Jun. 30, 2024
Stockholders' Equity Note [Abstract]
Schedule of Comprehensive Income (Loss)	The cumulative balance of each component of accumulated other comprehensive income (AOCI), net of tax, is as follows: (In thousands) Foreign currency translation adjustments, net Total pension and postretirement adjustments, net Accumulated other comprehensive income (loss) December 31, 2022 $ (160,807) $ (98,109) $ (258,916) Other comprehensive income 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) Other comprehensive income (loss) before reclassifications (1) (21,023) 363 (20,660) Amounts reclassified from accumulated other comprehensive income (1) — 395 395 Net current period other comprehensive income (loss) (21,023) 758 (20,265) June 30, 2024 $ (144,311) $ (89,177) $ (233,488) (1) All amounts are after tax.

RESTRUCTURING COSTS (Tables)

RESTRUCTURING COSTS (Tables)	6 Months Ended
	Jun. 30, 2024
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve Activities	The following tables summarize the respective balances related to these restructuring activities by both reportable segment as well as on a consolidated basis: In thousands Restructuring Liability as of December 31, 2023 Provision Cash Payments Restructuring Liability as of June 30, 2024 Aerospace & Industrial Severance $ — $ 835 $ (770) $ 65 Facility closure and other costs — 392 (92) 300 Total Aerospace & Industrial $ — $ 1,227 $ (862) $ 365 Defense Electronics Severance $ — $ 526 $ (368) $ 158 Facility closure and other costs — — — — Total Defense Electronics $ — $ 526 $ (368) $ 158 Naval & Power Severance $ — $ 198 $ (198) $ — Facility closure and other costs — — — — Total Naval & Power $ — $ 198 $ (198) $ — Consolidated (including Corporate) Severance $ — $ 1,776 $ (1,345) $ 431 Facility closure and other costs — 1,142 (124) 1,018 Total consolidated $ — $ 2,918 $ (1,469) $ 1,449
Schedule of Pre-tax Restructuring Charges	A reconciliation of total pre-tax restructuring charges is as follows: Affected line item in the Condensed Consolidated Statement of Earnings Six months ended (In thousands) June 30, 2024 Inventory write-downs Cost of product sales $ 1,394 Severance, facility closure, and other costs Restructuring expenses 2,918 Total restructuring charges Earnings before income taxes $ 4,312

REVENUE (Details)

REVENUE (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Sales	$ 784,791	$ 704,396	$ 1,497,958	$ 1,335,256
Aerospace & Defense
Disaggregation of Revenue [Line Items]
Sales	542,206	466,056	1,032,463	874,638
Commercial [Member]
Disaggregation of Revenue [Line Items]
Sales	242,585	238,340	465,495	460,618
Aerospace Defense [Member] | Aerospace & Defense
Disaggregation of Revenue [Line Items]
Sales	154,104	132,192	286,178	232,071
Ground Defense [Member] | Aerospace & Defense
Disaggregation of Revenue [Line Items]
Sales	84,939	70,875	175,700	137,132
Naval Defense [Member] | Aerospace & Defense
Disaggregation of Revenue [Line Items]
Sales	209,847	180,956	387,494	352,912
Commercial Aerospace [Member] | Aerospace & Defense
Disaggregation of Revenue [Line Items]
Sales	93,316	82,033	183,091	152,523
Power & Process [Member] | Commercial [Member]
Disaggregation of Revenue [Line Items]
Sales	138,601	131,000	262,639	251,338
General Industrial [Member] | Commercial [Member]
Disaggregation of Revenue [Line Items]
Sales	$ 103,984	$ 107,340	$ 202,856	$ 209,280
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Net Sales, Net, Percent	50%	46%	50%	47%
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Net Sales, Net, Percent	50%	54%	50%	53%

REVENUE (Narrative) (Details)

REVENUE (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability, Revenue Recognized	$ 71	$ 58	$ 161	$ 147
Revenue, Remaining Performance Obligation, Amount	$ 3,200		$ 3,200
Revenue, Remaining Performance Obligation, Percentage	88%		88%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Explanation			36 months

ACQUISITIONS (Details)

ACQUISITIONS (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Business Acquisition [Line Items]
Goodwill	$ 1,571,004	$ 1,558,826
WSC
Business Acquisition [Line Items]
Accounts receivable	3,203
Other current and non-current assets	200
Intangible assets	17,900
Operating lease right-of-use assets, net	1,516
Current and non-current liabilities	(4,918)
Deferred income taxes	(4,116)
Net tangible and intangible assets	13,785
Goodwill	19,971
Total purchase price	33,756
Goodwill deductible for tax purposes	$ 0

ACQUISITIONS - (Narrative) (Det

ACQUISITIONS - (Narrative) (Details) $ in Thousands			3 Months Ended		6 Months Ended
	Jun. 03, 2024 USD ($)	Apr. 01, 2024 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) NumberAcquisitions	Jun. 30, 2023 USD ($)
Business Acquisition [Line Items]
Net loss			$ (99,471)	$ (80,999)	$ (175,966)	$ (137,845)
WSC
Business Acquisition [Line Items]
Number of Businesses Acquired | NumberAcquisitions					1
Consideration for acquisition		$ 34,000
Revenues					$ 2,000
Net loss					$ 1,000
Ultra Energy
Business Acquisition [Line Items]
Consideration for acquisition	$ 200,000

RECEIVABLES (Detail)

RECEIVABLES (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Billed receivables:
Trade and other receivables	$ 474,989	$ 427,830
Unbilled receivables:
Recoverable costs and estimated earnings not billed	347,622	309,561
Less: Progress payments applied	0	(687)
Net unbilled receivables	347,622	308,874
Less: Allowance for doubtful accounts	(5,476)	(4,026)
Receivables, net	$ 817,135	$ 732,678

INVENTORIES (Detail)

INVENTORIES (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Inventory, Net [Abstract]
Inventory, Raw Materials, Net of Reserves	$ 261,010	$ 239,313
Inventory, Work in Process, Net of Reserves	120,540	103,750
Inventory, Finished Goods, Net of Reserves	135,776	126,174
Inventory For Long-term Contracts Or Programs, Net Of Reserves	42,553	43,255
Inventories, Net of Reserves	559,879	512,492
Progress Payments Netted Against Inventory for Long-term Contracts or Programs	(737)	(2,459)
Inventory, Net, Total	$ 559,142	$ 510,033

GOODWILL (Detail)

GOODWILL (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Goodwill [Roll Forward]
December 31, 2023	$ 1,558,826
Acquisitions	19,971
Foreign currency translation adjustment	(7,793)
June 30, 2024	1,571,004
Aerospace & Industrial
Goodwill [Roll Forward]
December 31, 2023	325,131
Acquisitions	0
Foreign currency translation adjustment	(764)
June 30, 2024	324,367
Defense Electronics
Goodwill [Roll Forward]
December 31, 2023	710,378
Acquisitions	0
Foreign currency translation adjustment	(4,690)
June 30, 2024	705,688
Naval & Power
Goodwill [Roll Forward]
December 31, 2023	523,317
Acquisitions	19,971
Foreign currency translation adjustment	(2,339)
June 30, 2024	$ 540,949

OTHER INTANGIBLE ASSETS, NET (D

OTHER INTANGIBLE ASSETS, NET (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finite Lived Intangible Assets [Line Items]
Gross	$ 1,191,229	$ 1,177,449
Accumulated Amortization	(645,781)	(619,837)
Net	545,448	557,612
Technology
Finite Lived Intangible Assets [Line Items]
Gross	311,884	308,256
Accumulated Amortization	(202,231)	(195,446)
Net	109,653	112,810
Customer related intangibles
Finite Lived Intangible Assets [Line Items]
Gross	680,466	670,966
Accumulated Amortization	(353,942)	(339,325)
Net	326,524	331,641
Programs (1)
Finite Lived Intangible Assets [Line Items]
Gross	144,000	144,000
Accumulated Amortization	(45,000)	(41,400)
Net	99,000	102,600
Other intangible assets
Finite Lived Intangible Assets [Line Items]
Gross	54,879	54,227
Accumulated Amortization	(44,608)	(43,666)
Net	$ 10,271	$ 10,561

OTHER INTANGIBLE ASSETS, NET -

OTHER INTANGIBLE ASSETS, NET - Estimated Future Amortization (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Finite Lived Intangible Assets [Line Items]
Amortization expense	$ 29	$ 33
Future amortization expense in remainder of fiscal year	57
Future amortization expense in year one	55
Future amortization expense in year two	54
Future amortization expense in year three	51
Future amortization expense in year four	$ 45

OTHER INTANGIBLE ASSETS, NET _2

OTHER INTANGIBLE ASSETS, NET - Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($)
Finite Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 18
Customer related intangibles
Finite Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 12
Finite-Lived Intangible Asset, Useful Life	18 years
Technology
Finite Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 5
Finite-Lived Intangible Asset, Useful Life	15 years
Other intangible assets
Finite Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 1
Finite-Lived Intangible Asset, Useful Life	4 years

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS (Debt) (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 1,049,655	$ 1,050,362
Long-term Debt, Gross	1,047,500	1,047,500
Debt Issuance Costs, Net	(1,434)	(1,541)
Deferred Gain (Loss) on Discontinuation of Interest Rate Fair Value Hedge	3,589	4,403
Estimated Fair Value	961,685	977,597
3.85% Senior notes due 2025
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	90,000	90,000
Estimated Fair Value	$ 88,979	88,243
Debt Instrument, Interest Rate, Stated Percentage	3.85%
4.24% Senior notes due 2026
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 200,000	200,000
Estimated Fair Value	$ 194,089	195,556
Debt Instrument, Interest Rate, Stated Percentage	4.24%
4.05% Senior notes due 2028
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 67,500	67,500
Estimated Fair Value	$ 64,108	64,801
Debt Instrument, Interest Rate, Stated Percentage	4.05%
4.11% Senior notes due 2028
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 90,000	90,000
Estimated Fair Value	$ 84,874	85,999
Debt Instrument, Interest Rate, Stated Percentage	4.11%
3.10% Senior notes due 2030
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 150,000	150,000
Estimated Fair Value	$ 129,919	131,942
Debt Instrument, Interest Rate, Stated Percentage	3.10%
3.20% Senior notes due 2032
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 150,000	150,000
Estimated Fair Value	$ 124,759	127,649
Debt Instrument, Interest Rate, Stated Percentage	3.20%
4.49% Senior notes due 2032
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 200,000	200,000
Estimated Fair Value	$ 182,491	187,584
Debt Instrument, Interest Rate, Stated Percentage	4.49%
4.64% Senior notes due 2034
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 100,000	100,000
Estimated Fair Value	$ 90,311	92,961
Debt Instrument, Interest Rate, Stated Percentage	4.64%
Long-term Debt, Gross
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Estimated Fair Value	$ 959,530	$ 974,735

PENSION PLANS (Detail)

PENSION PLANS (Detail) - Pension Plans Defined Benefit [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 4,270	$ 4,137	$ 8,552	$ 8,264
Interest cost	8,585	8,811	17,178	17,601
Expected return on plan assets	(16,538)	(15,858)	(33,091)	(31,678)
Amortization of prior service cost	(7)	(33)	(15)	(66)
Amortization of unrecognized actuarial loss	266	76	532	153
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Total	$ (3,424)	$ (2,867)	$ (6,844)	$ (5,726)

PENSION PLANS (Narrative) (Deta

PENSION PLANS (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Contribution, Percentage, Maximum			7%
Defined Contribution Plan, Cost	$ 6.7	$ 6.1	$ 14.3	$ 12.2

EARNINGS PER SHARE (Detail)

EARNINGS PER SHARE (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share Reconciliation [Abstract]
Basic weighted-average shares outstanding (shares)	38,302	38,329	38,273	38,309
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	199	226	187	219
Diluted weighted-average shares outstanding (shares)	38,501	38,555	38,460	38,528

EARNINGS PER SHARE EARNINGS PER

EARNINGS PER SHARE EARNINGS PER SHARE (Anti-dilutive) (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	39,000	20,000	49,000	22,000

SEGMENT INFORMATION (Detail)

SEGMENT INFORMATION (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Net sales	$ 784,791	$ 704,396	$ 1,497,958	$ 1,335,256
Operating income (expense)	128,897	112,775	228,858	191,390
Identifiable assets	4,748,194		4,748,194		$ 4,620,969
Operating Segments | Aerospace & Industrial
Segment Reporting Information [Line Items]
Net sales	233,591	226,766	453,138	430,352
Operating income (expense)	35,246	35,665	62,712	62,210
Identifiable assets	1,074,812		1,074,812		1,077,808
Operating Segments | Defense Electronics
Segment Reporting Information [Line Items]
Net sales	229,210	198,407	441,693	361,477
Operating income (expense)	58,244	43,180	106,325	66,548
Identifiable assets	1,534,578		1,534,578		1,517,877
Operating Segments | Naval & Power
Segment Reporting Information [Line Items]
Net sales	323,206	280,731	605,419	547,545
Operating income (expense)	46,283	46,782	81,474	84,719
Identifiable assets	1,612,588		1,612,588		1,496,063
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	(1,216)	(1,508)	(2,292)	(4,118)
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Operating income (expense)	(10,876)	$ (12,852)	(21,653)	$ (22,087)
Identifiable assets	$ 526,216		$ 526,216		$ 529,221

SEGMENT INFORMATION (Reconcilia

SEGMENT INFORMATION (Reconciliation) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Segment Reporting [Abstract]
Total operating income	$ 128,897	$ 112,775	$ 228,858	$ 191,390
Interest expense	(11,216)	(14,992)	(21,786)	(27,936)
Other income, net	8,560	7,954	18,168	15,721
Earnings before income taxes	$ 126,241	$ 105,737	$ 225,240	$ 179,175

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			$ (213,223)	$ (258,916)	$ (258,916)
Other comprehensive income (loss) before reclassifications			(20,660)		45,737
Amounts reclassified from accumulated other comprehensive loss			395		(44)
Other comprehensive income (loss), net of tax	$ (5,233)	$ 19,067	(20,265)	33,541	45,693
Ending balance	(233,488)		(233,488)		(213,223)
Foreign Currency Translation Adjustments, Net [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(123,288)	(160,807)	(160,807)
Other comprehensive income (loss) before reclassifications			(21,023)		37,519
Amounts reclassified from accumulated other comprehensive loss			0		0
Other comprehensive income (loss), net of tax			(21,023)		37,519
Ending balance	(144,311)		(144,311)		(123,288)
Total Pension and Postretirement Adjustments, Net [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(89,935)	$ (98,109)	(98,109)
Other comprehensive income (loss) before reclassifications			363		8,218
Amounts reclassified from accumulated other comprehensive loss			395		(44)
Other comprehensive income (loss), net of tax			758		8,174
Ending balance	$ (89,177)		$ (89,177)		$ (89,935)

CONTINGENCIES AND COMMITMENTS (

CONTINGENCIES AND COMMITMENTS (Detail) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Standby Letters Of Credit [Member]
Loss Contingencies [Line Items]
Letters of credit, outstanding	$ 18	$ 20
FinancialStandbyLetterOfCreditMember
Loss Contingencies [Line Items]
Letters of credit, outstanding	11	$ 16
Surety Bond [Member]
Loss Contingencies [Line Items]
Surety Bond Outstanding	$ 35

RESTRUCTURING COSTS - Schedule

RESTRUCTURING COSTS - Schedule of Restructuring Reserve Activities (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Jun. 30, 2023
Restructuring Reserve [Roll Forward]
Restructuring Liability, Beginning Balance		$ 0
Provision	$ 2,918	2,918	$ 0
Cash Payments		(1,469)
Restructuring Liability, Ending Balance	1,449	1,449
Aerospace & Industrial
Restructuring Reserve [Roll Forward]
Restructuring Liability, Beginning Balance		0
Provision		1,227
Cash Payments		(862)
Restructuring Liability, Ending Balance	365	365
Defense Electronics
Restructuring Reserve [Roll Forward]
Restructuring Liability, Beginning Balance		0
Provision		526
Cash Payments		(368)
Restructuring Liability, Ending Balance	158	158
Naval & Power
Restructuring Reserve [Roll Forward]
Restructuring Liability, Beginning Balance		0
Provision		198
Cash Payments		(198)
Restructuring Liability, Ending Balance	0	0
Severance
Restructuring Reserve [Roll Forward]
Restructuring Liability, Beginning Balance		0
Provision		1,776
Cash Payments		(1,345)
Restructuring Liability, Ending Balance	431	431
Severance | Aerospace & Industrial
Restructuring Reserve [Roll Forward]
Restructuring Liability, Beginning Balance		0
Provision		835
Cash Payments		(770)
Restructuring Liability, Ending Balance	65	65
Severance | Defense Electronics
Restructuring Reserve [Roll Forward]
Restructuring Liability, Beginning Balance		0
Provision		526
Cash Payments		(368)
Restructuring Liability, Ending Balance	158	158
Severance | Naval & Power
Restructuring Reserve [Roll Forward]
Restructuring Liability, Beginning Balance		0
Provision		198
Cash Payments		(198)
Restructuring Liability, Ending Balance	0	0
Facility closure and other costs
Restructuring Reserve [Roll Forward]
Restructuring Liability, Beginning Balance		0
Provision		1,142
Cash Payments		(124)
Restructuring Liability, Ending Balance	1,018	1,018
Facility closure and other costs | Aerospace & Industrial
Restructuring Reserve [Roll Forward]
Restructuring Liability, Beginning Balance		0
Provision		392
Cash Payments		(92)
Restructuring Liability, Ending Balance	300	300
Facility closure and other costs | Defense Electronics
Restructuring Reserve [Roll Forward]
Restructuring Liability, Beginning Balance		0
Provision		0
Cash Payments		0
Restructuring Liability, Ending Balance	0	0
Facility closure and other costs | Naval & Power
Restructuring Reserve [Roll Forward]
Restructuring Liability, Beginning Balance		0
Provision		0
Cash Payments		0
Restructuring Liability, Ending Balance	$ 0	$ 0

RESTRUCTURING COSTS - Schedul_2

RESTRUCTURING COSTS - Schedule of Pre-tax Restructuring Charges (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Restructuring and Related Activities [Abstract]
Inventory write-downs	$ 1,394
Severance, facility closure, and other costs	2,918
Total restructuring charges	$ 4,312

RESTRUCTURING COSTS - Narrative

RESTRUCTURING COSTS - Narrative (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Restructuring and Related Activities [Abstract]
Total restructuring charges	$ 4,312