Flowserve (FLS) 10-Q 2 May 22 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2022	Apr. 28, 2022
Cover [Abstract]
Entity Central Index Key	0000030625
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	1-13179
Entity Registrant Name	FLOWSERVE CORP
Entity Incorporation, State or Country Code	NY
Entity Tax Identification Number	31-0267900
Entity Address, Address Line One	5215 N. O’Connor Blvd., Suite 700,
Entity Address, City or Town	Irving,
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75039
City Area Code	972
Local Phone Number	443-6500
Title of 12(b) Security	Common Stock, $1.25 Par Value
Trading Symbol	FLS
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		130,644,615

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Sales	$ 821,058	$ 857,308
Cost of sales	(611,411)	(606,408)
Gross profit	209,647	250,900
Selling, general and administrative expense	(206,138)	(198,315)
Net earnings from affiliates	3,858	3,518
Operating income	7,367	56,103
Interest expense	(10,693)	(16,778)
Loss on extinguishment of debt	0	(7,610)
Interest income	943	602
Other income (expense), net	(8,114)	(11,364)
Earnings before income taxes	(10,497)	20,953
(Provision for) benefit from income taxes	(3,182)	(3,792)
Net earnings (loss), including noncontrolling interests	(13,679)	17,161
Less: Net earnings attributable to noncontrolling interests	(2,141)	(3,081)
Net earnings (loss) attributable to Flowserve Corporation	$ (15,820)	$ 14,080
Net earnings per share attributable to Flowserve Corporation common shareholders:
Basic (in dollars per share)	$ (0.12)	$ 0.11
Diluted (in dollars per share)	$ (0.12)	$ 0.11
Weighted average shares - basic (in shares)	130,410,000	130,427,000
Weighted average shares - diluted (in shares)	130,410,000	131,006,000

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Net earnings, including noncontrolling interests	$ (13,679)	$ 17,161
Other comprehensive income (loss):
Foreign currency translation adjustments, net of taxes	(16,744)	(10,889)
Pension and other postretirement effects, net of taxes	3,587	4,259
Cash flow hedging activity, net of taxes of $(9) and $(62), respectively	29	202
Other comprehensive income (loss)	(13,128)	(6,428)
Comprehensive income (loss), including noncontrolling interests	(26,807)	10,733
Comprehensive (income) loss attributable to noncontrolling interests	(3,476)	(3,230)
Comprehensive income (loss) attributable to Flowserve Corporation	$ (30,283)	$ 7,503

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Comprehensive Income [Abstract]
Foreign currency translation, taxes	$ (13,306)	$ 654
Pension and other postretirement effects, taxes	(254)	(471)
Cash flow hedging activity, taxes	$ (9)	$ (62)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 575,795	$ 658,452
Accounts receivable, net of allowance for expected credit losses of $79,326 and $74,336, respectively	730,201	739,210
Contract assets, net of allowance for expected credit losses of $3,338 and $2,393, respectively	200,054	195,598
Inventories, net	722,380	678,287
Prepaid expenses and other	148,426	117,130
Total current assets	2,376,856	2,388,677
Property, plant and equipment, net of accumulated depreciation of $1,161,374 and $1,191,823, respectively	506,655	515,927
Operating lease right-of-use assets, net	187,272	193,863
Goodwill	1,186,221	1,196,479
Deferred taxes	31,692	44,049
Other intangible assets, net	148,461	152,463
Other assets, net of allowance for expected credit losses of $68,184 and $67,696, respectively	265,854	258,310
Total assets	4,703,011	4,749,768
Current liabilities:
Accounts payable	418,719	410,062
Accrued liabilities	447,175	445,092
Contract liabilities	204,158	202,965
Debt due within one year	44,616	41,058
Operating lease liabilities	32,938	32,628
Total current liabilities	1,147,606	1,131,805
Long-term debt due after one year	1,251,595	1,261,770
Operating lease liabilities	160,057	166,786
Retirement obligations and other liabilities	352,698	352,062
Commitments and contingencies (See Note 11)
Shareholders’ equity:
Common shares, $1.25 par value, Shares authorized - 305,000, Shares issued - 176,793	220,991	220,991
Capital in excess of par value	496,151	506,386
Retained earnings	3,648,678	3,691,023
Treasury shares, at cost – 46,424 and 46,794 shares, respectively	(2,039,900)	(2,057,706)
Deferred compensation obligation	7,122	7,214
Accumulated other comprehensive loss	(578,053)	(563,589)
Total Flowserve Corporation shareholders’ equity	1,754,989	1,804,319
Noncontrolling interests	36,066	33,026
Total equity	1,791,055	1,837,345
Total liabilities and equity	$ 4,703,011	$ 4,749,768

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Allowance for doubtful accounts	$ 79,326	$ 74,336
Contract asset, allowance for doubtful accounts	3,338	2,393
Accumulated depreciation on property, plant and equipment	1,161,374	1,191,823
Other assets, allowance for credit loss	$ 68,184	$ 67,696
Shareholders’ equity:
Common shares, par value (in dollars per share)	$ 1.25	$ 1.25
Common shares, shares authorized (in shares)	305,000	305,000
Common shares, shares issued (in shares)	176,793	176,793
Treasury shares, shares (in shares)	46,424	46,794

Condensed Consolidated Statem_4

Condensed Consolidated Statement of Shareholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Capital in Excess of Par Value	Retained Earnings	Treasury Stock	Deferred Compensation Obligation	Accumulated Other Comprehensive Income (Loss)	Non- controlling Interests
Balance — (in shares) at Dec. 31, 2020		176,793			46,768
Balance — at Dec. 31, 2020	$ 1,761,321	$ 220,991	$ 502,227	$ 3,670,543	$ (2,059,309)	$ 6,164	$ (609,625)	$ 30,330
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock activity under stock plans (in shares)					401
Stock activity under stock plans	(4,678)		(23,081)		$ 18,453	(50)
Stock-based compensation	9,760		9,760
Net loss	17,161			14,080				3,081
Cash dividends declared	(26,465)			(26,465)
Repurchases of common shares (in shares)					(129)
Repurchases of common shares	(5,081)				$ (5,081)
Other comprehensive income (loss), net of tax	(6,428)						(6,575)	147
Other, net	(3,804)							(3,804)
Balance — (in shares) at Mar. 31, 2021		176,793			46,496
Balance — at Mar. 31, 2021	$ 1,741,786	$ 220,991	488,906	3,658,158	$ (2,045,937)	6,114	(616,200)	29,754
Balance — (in shares) at Dec. 31, 2021	176,793	176,793			46,794
Balance — at Dec. 31, 2021	$ 1,837,345	$ 220,991	506,386	3,691,023	$ (2,057,706)	7,214	(563,589)	33,026
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock activity under stock plans (in shares)					370
Stock activity under stock plans	(3,532)		(21,246)		$ 17,806	(92)
Stock-based compensation	11,011		11,011
Net loss	(13,679)			(15,820)				2,141
Cash dividends declared	(26,525)			(26,525)
Other comprehensive income (loss), net of tax	(13,128)						(14,464)	1,336
Other, net	$ (437)						0	(437)
Balance — (in shares) at Mar. 31, 2022	176,793	176,793			46,424
Balance — at Mar. 31, 2022	$ 1,791,055	$ 220,991	$ 496,151	$ 3,648,678	$ (2,039,900)	$ 7,122	$ (578,053)	$ 36,066

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows – Operating activities:
Net earnings, including noncontrolling interests	$ (13,679)	$ 17,161
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:
Depreciation	20,148	21,522
Amortization of intangible and other assets	3,396	3,862
Loss on extinguishment of debt	0	7,610
Stock-based compensation	11,011	9,760
Foreign currency, asset write downs and other non-cash adjustments	6,893	24,260
Change in assets and liabilities:
Accounts receivable, net	5,039	9,005
Inventories, net	(48,715)	(16,988)
Contract assets, net	(5,655)	(2,245)
Prepaid expenses and other assets, net	(33,197)	307
Accounts payable	8,204	(47,093)
Contract liabilities	2,600	9,001
Accrued liabilities and income taxes payable	7,302	187
Retirement obligations and other	10,912	5,248
Net deferred taxes	(1,032)	(5,219)
Net cash flows provided (used) by operating activities	(26,773)	36,378
Cash flows – Investing activities:
Capital expenditures	(14,052)	(11,422)
Proceeds from disposal of assets and other	1,834	1,934
Net cash flows provided (used) by investing activities	(12,218)	(9,488)
Cash flows – Financing activities:
Payments on senior notes	0	(407,473)
Payments on term loan	(7,593)	0
Proceeds under other financing arrangements	555	425
Payments under other financing arrangements	(484)	(1,976)
Repurchases of common shares	0	(5,081)
Payments related to tax withholding for stock-based compensation	(4,304)	(5,547)
Payments of dividends	(26,128)	(26,465)
Other	(437)	(3,806)
Net cash flows provided (used) by financing activities	(38,391)	(449,923)
Effect of exchange rate changes on cash	(5,275)	(12,936)
Net change in cash and cash equivalents	(82,657)	(435,969)
Cash and cash equivalents at beginning of period	658,452	1,095,274
Cash and cash equivalents at end of period	$ 575,795	$ 659,305

Basis of Presentation and Accou

Basis of Presentation and Accounting Policies	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation and Accounting Policies	Basis of Presentation and Accounting Policies Basis of Presentation The accompanying condensed consolidated balance sheet as of March 31, 2022, and the related condensed consolidated statements of income (loss), condensed consolidated statements of comprehensive income (loss), condensed consolidated statements of shareholders' equity and condensed consolidated statements of cash flows for the three months ended March 31, 2022 and 2021 of Flowserve Corporation are unaudited. In management’s opinion, all adjustments comprising normal recurring adjustments necessary for fair statement of such condensed consolidated financial statements have been made. Prior period information has been updated to conform to current year presentation. The accompanying condensed consolidated financial statements and notes in this Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2022 ("Quarterly Report") are presented as permitted by Regulation S-X and do not contain certain information included in our annual financial statements and notes thereto. Accordingly, the accompanying condensed consolidated financial information should be read in conjunction with the audited consolidated financial statements presented in our Annual Report on Form 10-K for the year ended December 31, 2021 ("2021 Annual Report"). Coronavirus Pandemic ("COVID-19") and Oil and Gas Market - D uring the first three months of 2022, we continue to be challenged by macroeconomics and global economic impacts based on the disruption and uncertainties caused by COVID-19. As a result of the COVID-19 pandemic’s effect on oil prices, many of our large customers reduced capital expenditures and budgets in 2020. To date, while we have seen customer maintenance, repair and overhaul ("MRO") and aftermarket spending return close to pre-pandemic levels, and although we are seeing momentum in project-based capital expenditures, such business has yet to return to pre-pandemic levels. In addition, many of our suppliers have also experienced varying lengths of production and shipping delays related to the COVID-19 pandemic and its effects, some of which continue to exist in highly affected countries. These conditions have had an adverse effect on the speed at which we can manufacture and ship our products to customers, and have also led to an increase in logistics, transportation and freight costs. The preparation of our condensed consolidated financial statements requires us to make estimates, judgments and assumptions that may affect the reported amounts of assets, liabilities, equity, revenues and expenses and related disclosure of contingent assets and liabilities. We evaluate our estimates, judgments and methodologies on an ongoing basis. We base our estimates on historical experience and on various other assumptions that we believe are reasonable, the results of which form the basis for making judgments about the carrying values of assets, liabilities and equity and the amount of revenues and expenses. The full extent to which the COVID-19 pandemic directly or indirectly impacts our business, results of operations and financial condition, including sales, expenses, our allowance for expected credit losses, stock based compensation, the carrying value of our goodwill and other long-lived assets, financial assets, and valuation allowances for tax assets, will depend on future developments that are highly uncertain, including as a result of new information that may emerge concerning COVID-19 and the actions taken to contain it or treat it, as well as the economic impact on local, regional, national and international customers, suppliers and markets. We have made estimates of the impact of COVID-19 within our financial statements and there may be changes to those estimates in the near to mid-term as new information becomes available. Actual results may differ from these estimates. Russia and Ukraine Conflict - In response to the recent and ongoing military conflict in Ukraine, several countries, including the United States, have imposed economic sanctions and export controls on certain industry sectors and parties in Russia. As a result of this conflict, including the aforementioned sanctions and overall instability in the region, in February 2022 we stopped accepting new orders in Russia and temporarily suspended fulfillment of existing orders. In March 2022, we made the decision to permanently cease all Company operations in Russia. We have commenced the necessary actions to cease operations of our Russian subsidiary, including taking steps to cancel existing contracts with customers, terminate our approximately 50 Russia-based employees and terminate other related contractual commitments, and currently expect this process to continue throughout 2022. In 2021 our Russian subsidiary had approximately $14 million of sales with an additional $36 million of sales from certain of our other foreign subsidiaries into the Russian market. As of March 31, 2022, the net assets held on our Russian subsidiary's balance sheet were $2.7 million, including $7.1 million of cash, $3.6 million of accounts receivables, a $9.3 million net intercompany payable position and other immaterial amounts. In addition, certain of our other foreign subsidiaries had open contracts with Russian customers that were subsequently cancelled for which revenue had been previously recognized over time utilizing the percentage of completion ("POC") method. As a result of the above, in the first quarter of 2022 we recorded a $20.2 million pre-tax charge ($21.0 million after-tax) to reserve the asset positions of our Russian subsidiary (excluding cash) as of March 31, 2022, to record a contra-revenue for previously recognized revenue and estimated cancellation fees on open contracts that were previously accounted for under POC and subsequently canceled, to establish a reserve for the estimated cost to exit the operations of our Russian subsidiary and to record a reserve for our estimated financial exposure on contracts that have or are anticipated to be cancelled. The following table presents the above impacts of the Russia pre-tax charge: Three Months Ended March 31, 2022 (Amounts in thousands) Flowserve Pump Division Flow Control Division Consolidated Total Sales $ (5,429) $ (2) $ (5,431) Cost of sales 3,510 1,112 4,622 Gross loss (8,939) (1,114) (10,053) Selling, general and administrative expense 9,111 1,082 10,193 Operating loss $ (18,050) $ (2,196) $ (20,246) We continue to monitor the situation involving Russia and Ukraine and its impact on the rest of our global business. To date, these impacts have not been material to our business and we do not currently expect that any incremental impact in future quarters, including any financial impacts caused by our cancellation of customer contracts and ceasing of operations in Russia, will be material to the Company. Accounting Developments Pronouncements Not Yet Implemented In October 2021, the FASB issued ASU No. 2021-08, "Accounting for Contract Assets and Contract Liabilities from Contracts with Customers." The amendments in this Update improve comparability for both the recognition and measurement of acquired revenue contracts with customers at the date of and after a business combination. The amendments are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years and should be applied prospectively to business combinations occurring on or after the effective date of the amendments. We do not expect the impact of this ASU to be material. In November 2021, the FASB issued ASU No. 2021-10, "Government Assistance (Topic 832)." The amendments in this ASU do not change GAAP and, therefore, are not expected to result in a significant change in practice. Rather, the amendments aim to provide increased transparency by requiring business entities to disclose information about certain types of government assistance they receive in the notes to the financial statements. The amendments are effective for annual periods beginning after December 15, 2021 and can be applied either prospectively or retrospectively. We do not expect the impact of this ASU to be material.

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The majority of our revenues relate to customer orders that typically contain a single commitment of goods or services which have lead times under a year. Longer lead time, more complex contracts with our customers typically have multiple commitments of goods and services, including any combination of designing, developing, manufacturing, modifying, installing and commissioning of flow management equipment and providing services and parts related to the performance of such products. Control transfers over time when the customer is able to direct the use of and obtain substantially all of the benefits of the asset. Our primary method for recognizing revenue over time is the POC method. Revenue from products and services transferred to customers over time accounted for approximatel y 12% and 18% of total revenue for the three month period ended March 31, 2022 and 2021, respectively. If control does not transfer over time, then control transfers at a point in time. We recognize revenue at a point in time at the level of each performance obligation based on the evaluation of certain indicators of control transfer, such as title transfer, risk of loss transfer, customer acceptance and physical possession. Revenue from products and services transferred to customers at a point in time accounted for approximately 88% and 82% of total revenue for the three month period ended March 31, 2022 and 2021, respectively. Refer to Note 3 to our consolidated financial statements included in our 2021 Annual Report for a more comprehensive discussion of our policies and accounting practices of revenue recognition. Disaggregated Revenue We conduct our operations through two business segments based on the type of product and how we manage the business: • Flowserve Pump Division ("FPD") designs and manufactures custom, highly-engineered pumps, pre-configured industrial pumps, pump systems, mechanical seals, auxiliary systems and replacement parts and related services; and • Flow Control Division ("FCD") designs, manufactures and distributes a broad portfolio of engineered-to-order and configured-to-order isolation valves, control valves, valve automation products and related equipment. Our revenue sources are derived from our original equipment manufacturing and our aftermarket sales and services. Our original equipment revenues are generally related to originally designed, manufactured, distributed and installed equipment that can range from pre-configured, short-cycle products to more customized, highly-engineered equipment ("Original Equipment"). Our aftermarket sales and services are derived from sales of replacement equipment, as well as maintenance, advanced diagnostic, repair and retrofitting services ("Aftermarket"). Each of our two business segments generate Original Equipment and Aftermarket revenues. The following tables present our customer revenues disaggregated by revenue source: Three Months Ended March 31, 2022 (Amounts in thousands) FPD FCD Total Original Equipment $ 200,340 $ 182,842 $ 383,182 Aftermarket 373,646 64,230 437,876 $ 573,986 $ 247,072 $ 821,058 Three Months Ended March 31, 2021 FPD FCD Total Original Equipment $ 214,164 $ 192,720 $ 406,884 Aftermarket 388,002 62,422 450,424 $ 602,166 $ 255,142 $ 857,308 Our customer sales are diversified geographically. The following tables present our revenues disaggregated by geography, based on the shipping addresses of our customers: Three Months Ended March 31, 2022 (Amounts in thousands) FPD FCD Total North America(1) $ 238,710 $ 107,634 $ 346,344 Latin America(2) 47,619 5,550 53,169 Middle East and Africa 71,701 21,351 93,052 Asia Pacific 101,599 67,793 169,392 Europe 114,357 44,744 159,101 $ 573,986 $ 247,072 $ 821,058 Three Months Ended March 31, 2021 FPD FCD Total North America(1) $ 223,975 $ 90,247 $ 314,222 Latin America(2) 42,040 6,818 48,858 Middle East and Africa 82,541 27,687 110,228 Asia Pacific 124,648 78,661 203,309 Europe 128,962 51,729 180,691 $ 602,166 $ 255,142 $ 857,308 __________________________________ (1) North America represents the United States and Canada. (2) Latin America includes Mexico. On March 31, 2022, the aggregate transaction price allocated to unsatisfied (or partially unsatisfied) performance obligations was approximately $544 million. We estimate recognition of approximately $325 million of this amount as revenue in the remainder of 2022 and an additional $219 million in 2023 and thereafter. Contract Balances We receive payment from customers based on a contractual billing schedule and specific performance requirements as established in our contracts. We record billings as accounts receivable when an unconditional right to consideration exists. A contract asset represents revenue recognized in advance of our right to receive payment under the terms of a contract. A contract liability represents our right to receive payment in advance of revenue recognized for a contract. The following tables present beginning and ending balances of contract assets and contract liabilities, current and long-term, for the three months ended March 31, 2022 and 2021: (Amounts in thousands) Contract Assets, net (Current) Long-term Contract Assets, net(1) Contract Liabilities (Current) Long-term Contract Liabilities(2) Beginning balance, January 1, 2022 $ 195,598 $ 426 $ 202,965 $ 464 Revenue recognized that was included in contract liabilities at the beginning of the period — — (79,792) — Revenue recognized in the period in excess of billings 116,140 1,757 — — Billings arising during the period in excess of revenue recognized — — 78,156 — Amounts transferred from contract assets to receivables (109,358) — — — Currency effects and other, net (2,326) (1,750) 2,829 (2) Ending balance, March 31, 2022 $ 200,054 $ 433 $ 204,158 $ 462 (Amounts in thousands) Contract Assets, net (Current) Long-term Contract Assets, net(1) Contract Liabilities (Current) Long-term Contract Liabilities(2) Beginning balance, January 1, 2021 $ 277,734 $ 1,139 $ 194,227 $ 822 Revenue recognized that was included in contract liabilities at the beginning of the period — — (78,713) — Revenue recognized in the period in excess of billings 164,246 55 — — Billings arising during the period in excess of revenue recognized — — 82,712 — Amounts transferred from contract assets to receivables (156,805) — — — Currency effects and other, net (10,988) (98) 1,312 (30) Ending balance, March 31, 2021 $ 274,187 $ 1,096 $ 199,538 $ 792 _____________________________________ (1) Included in other assets, net.

Allowance for Expected Credit L

Allowance for Expected Credit Losses	3 Months Ended
	Mar. 31, 2022
Credit Loss [Abstract]
Allowance for Expected Credit Losses	Allowance for Expected Credit Losses The allowance for credit losses is an estimate of the credit losses expected over the life of our financial assets and instruments. We assess and measure expected credit losses on a collective basis when similar risk characteristics exist, including market, geography, credit risk and remaining duration. Financial assets and instruments that do not share risk characteristics are evaluated on an individual basis. Our estimate of the allowance is assessed and quantified using internal and external valuation information relating to past events, current conditions and reasonable and supportable forecasts over the contractual terms of an asset. Our primary exposure to expected credit losses is through our trade receivables and contract assets. For these financial assets, we record an allowance for expected credit losses that, when deducted from the gross asset balance, presents the net amount expected to be collected. Primarily, our experience of historical credit losses provides the basis for our estimation of the allowance. We estimate the allowance based on an aging schedule and according to historical losses as determined from our history of billings and collections. Additionally, we adjust the allowance for factors that are specific to our customers’ credit risk such as financial difficulties, liquidity issues, insolvency, and country and geopolitical risks. We also consider both the current and forecasted macroeconomic conditions as of the reporting date. As identified and needed, we adjust the allowance and recognize adjustments in the income statement each period. Trade receivables are written off against the allowance in the period when the receivable is deemed to be uncollectible. Subsequent recoveries of previously written off amounts are reflected as a reduction to credit impairment losses in the condensed consolidated statements of income. Contract assets represent a conditional right to consideration for satisfied performance obligations that become a receivable when the conditions are satisfied. Generally, contract assets are recorded when contractual billing schedules differ from revenue recognition based on timing and are managed through the revenue recognition process. Based on our historical credit loss experience, the current expected credit loss for contract assets is estimated to be approximately 1% of the asset balance. The following table presents the changes in the allowance for expected credit losses for our trade receivables and contract assets for the three months ended March 31, 2022 and 2021: (Amounts in thousands) Trade receivables Contract assets Beginning balance, January 1, 2022 $ 74,336 $ 2,393 Charges to cost and expenses, net of recoveries 5,225 896 Currency effects and other, net (235) 49 Ending balance, March 31, 2022 $ 79,326 $ 3,338 Beginning balance, January 1, 2021 $ 75,176 $ 3,205 Charges to cost and expenses, net of recoveries (79) — Currency effects and other, net (1,268) (66) Ending balance, March 31, 2021 $ 73,829 $ 3,139 Our allowance on long-term receivables, included in other assets, net, represent receivables with collection periods longer than 12 months and the balance primarily consists of reserved receivables associated with the national oil company in Venezuela. The following table presents the changes in the allowance for long-term receivables for the three months ended March 31, 2022 and 2021: (Amounts in thousands) 2022 2021 Balance at January 1 $ 67,696 $ 67,842 Currency effects and other, net 488 (1,059) Balance at March 31 $ 68,184 $ 66,783

Stock-Based Compensation Plans

Stock-Based Compensation Plans	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation Plans	Stock-Based Compensation Plans We maintain the Flowserve Corporation 2020 Long-Term Incentive Plan (“2020 Plan”), which is a shareholder approved plan authorizing the issuance of 12,500,000 shares of our common stock in the form of restricted shares, restricted share units and performance-based units (collectively referred to as "Restricted Shares"), incentive stock options, non-statutory stock options, stock appreciation rights and bonus stock. Of the shares of common stock authorized under the 2020 Plan, 9,566,526 were available for issuance as of March 31, 2022. Restricted Shares primarily vest over a three year period. Restricted Shares granted to employees who retire and have achieved at least 55 years of age and 10 years of service continue to vest over the original vesting period ("55/10 Provision"). As of March 31, 2022, 114,943 stock options were outstanding. No stock options were granted or vested during the three months ended March 31, 2022 and 2021 . Restricted Shares – Awards of Restricted Shares are valued at the closing market price of our common stock on the date of grant. The unearned compensation is amortized to compensation expense over the vesting period of the restricted shares, except for awards related to the 55/10 Provision which are expensed in the period granted. We had unearned compensation of $41.7 million and $24.2 million at March 31, 2022 and December 31, 2021, respectively, which is expected to be recognized over a remaining weighted-average period of approximately two years. T hese amounts will be recognized into net earnings in prospective periods as the awards vest. The total fair value of Restricted Shares vested during the three months ended March 31, 2022 and 2021 was $20.7 million and $23.4 million , respectively. We recorded stock-based compensation expense o f $8.5 million ($11.0 million pre-tax) and $7.6 million ($9.8 million pre-tax) for the three months ended March 31, 2022 and 2021, respectively. The following table summarizes information regarding Restricted Shares: Three Months Ended March 31, 2022 Shares Weighted Average Number of unvested shares: Outstanding as of January 1, 2022 1,671,011 $ 43.06 Granted 891,178 33.12 Vested (477,498) 43.25 Forfeited (109,206) 52.43 Outstanding as of March 31, 2022 1,975,485 $ 38.01 Unvested Restricted Shares outstanding as of March 31, 2022 included approximately 516,000 units with performance-based vesting provisions issuable in common stock and vest upon the achievement of pre-defined performance metrics. Targets for outstanding performance awards are based on our average return on invested capital, total shareholder return ("TSR") or free cash flow as a percent of net income over a three-year period. Performa

Derivative Instruments and Hedg

Derivative Instruments and Hedges	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedges	Derivative Instruments and Hedges Our risk management and foreign currency derivatives and hedging policy specifies the conditions under which we may enter into derivative contracts. See Notes 1 and 9 to our consolidated financial statements included in our 2021 Annual Report and Note 7 o f this Quarterly Report for additional information on our derivatives. We enter into foreign exchange forward contracts to hedge our cash flow risks associated with transactions denominated in currencies other than the local currency of the operation engaging in the transaction. We have not elected hedge accounting for our foreign contracts and the changes in the fair values are recognized immediately in our condensed consolidated statements of income. Forei gn exchange contracts with third parties had a notion al value of $422.2 million and $425.2 million at March 31, 2022 and December 31, 2021, respectively. At March 31, 2022, the length of foreign exchange contracts currently in place ranged from 22 days to 18 months. We are exposed to risk from credit-related losses resulting from non performance by counterparties to our financial instruments. We perform credit evaluations of our counterparties under foreign exchange contracts agreements and expect all counterparties to meet their obligations. We have not experienced credit losses from our counterparties. The fair values of foreign exchange contracts are summarized below: March 31, December 31, (Amounts in thousands) 2022 2021 Current derivative assets $ 425 $ 740 Noncurrent derivative assets — 2 Current derivative liabilities 4,491 2,924 Noncurrent derivative liabilities 54 82 Current and noncurrent derivative assets are reported in our condensed consolidated balance sheets in prepaid expenses and other and other assets, net, respectively. Current and noncurrent derivative liabilities are reported in our condensed consolidated balance sheets in accrued liabilities and retirement obligations and other liabilities, respectively. The impact of net changes in the fair values of foreign exchange contracts are summarized below: Three Months Ended March 31, (Amounts in thousands) 2022 2021 Gains (losses) recognized in income $ (2,359) $ 6,105 Gains and losses recognized in our condensed consolidated statements of income for foreign exchange contracts are classified as other income (expense), net. As a means of managing the volatility of foreign currency exposure with the Euro/U.S. dollar exchange rate, we enter into cross-currency swap agreements as a hedge of our Euro investment in certain of our international subsidiaries. Accordingly, on April 14, 2021 and March 9, 2021, we entered into cross currency swap agreements, with termination dates of October 1, 2030 and an early termination date of March 11, 2025, respectively . Also, d uring the third quarter of 2020 we entered into a cross currency swap agreement with an early termination date of September 22, 2025. The swap agreements are designated as net investment hedges and as of March 31, 2022 the combined notional value of these swaps was €423.2 million . The swaps are classified as Level II under the fair value hierarchy. The fair values of our cross-currency swaps are summarized below: March 31, December 31, (Amounts in thousands) 2022 2021 Other assets, net $ 34,335 $ 23,129 We exclude the interest accruals on the swaps from the assessment of hedge effectiveness and recognize the interest accruals in earnings within interest expense. For each reporting period, the change in the fair value of the swaps attributable to changes in the spot rate and differences between the change in the fair value of the excluded components and the amounts recognized in earnings under the swap accrual process are reported in accumulated other comprehensive loss ("AOCL") on our consolidated balance sheet. For the three months ending March 31, 2022, an interest accrual of $2.0 million was recognized within interest expense in our condensed consolidated statements of income . The cumulative net investment hedge (gains) losses, net of deferred taxes, under cross-currency swaps recorded in AOCL on our condensed consolidated balance sheet are summarized below: March 31, (Amounts in thousands) 2022 2021 (Gain) loss-included component (1) $ (25,385) $ (1,613) (Gain) loss-excluded component (2) (874) 15,639 (Gain) loss recognized in AOCL $ (26,259) $ 14,026 _____________________________________________ (1) Change in the fair value of the swaps attributable to changes in spot rates. (2) Change in the fair value of the swaps due to changes other than those attributable to spot rates. In March 2015, we designat ed €255.7 million of our 1.25% E UR 2022 Senior Notes ("2022 Euro Senior Notes") as a net investment hedge of our Euro investment in certain of our international subsidiaries. On September 22, 2020, we increased the designated hedged value on the 2022 Euro Senior Notes to €336.3 million , which reflected the remaining balance of the 2022 Euro Senior Notes. For each reporting period, the change in the carrying value due to the remeasurement of the effective portion is reported in AOCL on our condensed consolidated balance sheet and the remaining change in the carrying value of the ineffective portion, if any, is recognized in other income (expense), net in our condensed consolidated statements of income. As a result of the redemption of our 2022 Euro Senior Notes in the first quarter of 2021, we dedesignated the hedged value of our net investment hedge. Prior to the dedesignation, the cumulative impact recorded in AOCL on our condensed consolidated balance sheet from the change in carrying value due to the remeasurement of the effective portion of the net investment hedge is summarized below: Three Months Ended March 31, (Amounts in thousands) 2022 2021 Loss recognized in AOCL $ — $ 29,554 We use the spot method to measure the effectiveness of our net investment hedges and evaluate the effectiveness on a prospective basis at the beginning of each quarter. We did not record any ineffectiveness during the three

Debt

Debt	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt	Debt Debt, including finance lease obligations, net of discounts and debt issuance costs, consisted of: March 31, December 31, (Amounts in thousands, except percentages) 2022 2021 3.50% USD Senior Notes due October 1, 2030, net of unamortized discount and debt issuance costs of $5,474 and $5,611, respectively $ 494,526 $ 494,389 2.80% USD Senior Notes due January 15, 2032, net of unamortized discount and debt issuance costs of $6,138 and $6,273, respectively 493,862 493,727 Term Loan Facility, interest rate of 2.26% at March 31, 2022 and 1.45% at December 31, 2021, net of debt issuance costs of $589 and $639, respectively 284,411 291,861 Finance lease obligations and other borrowings 23,412 22,851 Debt and finance lease obligations 1,296,211 1,302,828 Less amounts due within one year 44,616 41,058 Total debt due after one year $ 1,251,595 $ 1,261,770 Senior Notes On March 19, 2021, we redeemed the remaining $400.9 million of our 2022 Euro Senior Notes and have r ecorded a loss on early extinguishment of $7.6 million in the first quarter of 2021, which included the impact of a $6.6 million make-whole premium . Senior Credit Facility As discussed in Note 13 to our consolidated financial statements included in our 2021 Annual Report, we amended our credit agreement ("Amended and Restated Credit Agreement") under our Senior Credit Facility ("Credit Facility") with Bank of America, N.A. ("Administrative Agent") and the other lenders to provide greater flexibility in maintaining adequate liquidity and access to available borrowings. The Amended and Restated Credit Agreement, (i) retained, from the previous credit agreement, the $800.0 million unsecured Revolving Credit Facility, which includes a $750.0 million sublimit for the issuance of letters of credit and a $30.0 million sublimit for swing line loans, (ii) provides for an up to $300 million unsecured Term Loan Facility (the "Term Loan"), (iii) extends the maturity date of the agreement to September 13, 2026, (iv) reduces commitment fees, (v) extends net leverage ratio covenant definition through the maturity of the agreement, and (vi) provides the ability to make certain adjustments to the otherwise applicable commitment fee, interest rate and letter of credit fees based on the Company’s performance against to-be-established key performance indicators with respect to certain of the Company’s environmental, social and governance targets. The interest rates per annum applicable to the Revolving Credit Facility are unchanged under the Amended and Restated Credit Agreement. The interest rates per annum applicable to the Credit Facility, other than with respect to swing line loans, are LIBOR plus between 1.000% to 1.750%, depending on our debt rating by either Moody’s Investors Service, Inc. ("Moody's") or Standard & Poor’s Financial Services LLC ("S&P"), or, at our option, the Base Rate (as defined in the Amended and Restated Credit Agreement) plus between 0.000% to 0.750% depending on our debt rating by either Moo dy’s or S&P. At March 31, 2022, the interest rate on the Revolving Credit Facility was LIBOR plus 1.375% in the case of LIBOR loans and the Base Rate plus 0.375% in the case of Base Rate loans. In addition, a commitment fee is payable quarterly in arrears on the daily unused portions of the Credit Facility . The commitment fee will be betw een 0.080% and 0.250% of unused amounts under the Credit Facility depending on our debt rating by either Moody’s or S&P. The commitment f ee was 0.175% (per annum) during the period ended March 31, 2022. Under the terms and conditions of the Amended and Restated Credit Agreement, interest rates per annum applicable to the Term Loan are stated as LIBOR plus between 0.875% to 1.625%, depending on the Company’s debt rating by either Moody’s or S&P, or, at the option of the Company, the Base Rate plus between 0.000% to 0.625% depending on the Company’s debt rating by either Moody’s or S&P. As of March 31, 2022 and December 31, 2021, we had no revolving loans outstanding and we had outstanding letters of credit of $87.1 million and $78.3 million at March 31, 2022 and December 31, 2021, respectively. After consideration of the financial covenants under our Senior Credit Facility and outstanding letters of credit, as of March 31, 2022, the amount available for borrowings was limited to $383.5 million . As of December 31, 2021, t he amount available for borrowings under our Revolving Credit Facility was $614.2 million. Our compliance with applicable financial covenants under the Senior Notes and Credit Facility are tested quarterly. We were in compliance with all applicable covenants as of March 31, 2022. We have scheduled repayments of $7.5 million due in each of the next two quarters and $10.0 million due on December 31, 2022 and March 31, 2023, respectively, on our Term Loan .

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value	Fair Value Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Where available, fair value is based on observable market prices or parameters or derived from such prices or parameters. Where observable prices or inputs are not available, valuation models may be applied. Assets and liabilities recorded at fair value in our condensed consolidated balance sheets are categorized by hierarchical levels based upon the level of judgment associa ted with the inputs used to measure their fair values. Recurring fair value measurements are limited to investments in derivative instruments. The fair value measurements of our derivative instruments are determined using models that maximize the use of the observable market inputs including interest rate curves and both forward and spot prices for currencies, and are classified as Level II under the fair value hierarchy. The fair values of our derivatives are included in Note 5. The carrying value of our financial instruments as reflected in our condensed consolidated balance sheets approximates fair value, with the exception of our long-term debt. The estimated fair value of our long-term debt, excluding the Senior Notes, approximat es the carrying value and is determined using Level II inputs under the fair value hierarchy. The carrying value of our debt is included in Note 6. The estimated fair value of our Senior Notes at March 31, 2022 was $914.1 million compared to the carrying value of $988.4 million . The estimated fair value of the Senior Notes is based on Level I quoted market rates. The carrying amounts of our other financial instruments (e.g., cash and cash equivalents, accounts receivable, net, accounts payable and short-term debt) appr oximated fair value due to their short-term nature at March 31, 2022 and December 31, 2021.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories, net consisted of the following: March 31, December 31, (Amounts in thousands) 2022 2021 Raw materials $ 340,843 $ 318,348 Work in process 266,006 242,143 Finished goods 213,960 213,096 Less: Excess and obsolete reserve (98,429) (95,300) Inventories, net $ 722,380 $ 678,287

Earnings (Loss) Per Share

Earnings (Loss) Per Share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Earnings (Loss) Per Share The following is a reconciliation of net earnings of Flowserve Corporation and weighted average shares for calculating net earnings (loss) per common share. Earnings (loss) per weighted average common share outstanding was calculated as follows: Three Months Ended March 31, (Amounts in thousands, except per share data) 2022 2021 Net earnings (loss) of Flowserve Corporation $ (15,820) $ 14,080 Dividends on restricted shares not expected to vest — — Earnings (loss) attributable to common and participating shareholders $ (15,820) $ 14,080 Weighted average shares: Common stock 130,410 130,406 Participating securities — 21 Denominator for basic earnings per common share 130,410 130,427 Effect of potentially dilutive securities — 579 Denominator for diluted earnings per common share 130,410 131,006 Earnings (loss) per common share: Basic $ (0.12) $ 0.11 Diluted (0.12) 0.11 Diluted earnings (loss) per share above is based upon the weighted average number of shares as determined for basic earnings (loss) per share plus shares potentially issuable in conjunction with stock options and Restricted Shares. As a result of the net loss for the three months ended March 31, 2022, we excluded 641,188 of unvested Restricted Shares from the calculation of diluted earnings per share due to their anti-dilutive effect.

Legal Matters and Contingencies

Legal Matters and Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Legal Matters and Contingencies	Legal Matters and Contingencies Asbestos-Related Claims We are a defendant in a substantial number of lawsuits that seek to recover damages for personal injury allegedly caused by exposure to asbestos-containing products manufactured and/or distributed by our heritage companies in the past. Typically, these lawsuits have been brought against multiple defendants in state and federal courts. While the overall number of asbestos-related claims in which we or our predecessors have been named has generally declined in recent years, there can be no assurance that this trend will continue, or that the average cost per claim to us will not further increase. Asbestos-containing materials incorporated into any such products were encapsulated and used as internal components of process equipment, and we do not believe that significant emission of asbestos fibers occurred during the use of this equipment. Our practice is to vigorously contest and resolve these claims, and we have been successful in resolving a majority of claims with little or no payment, other than legal fees. Activity related to asbestos claims during the periods indicated was as follows: Three Months Ended March 31, 2022 2021 Beginning claims(1) 8,712 8,366 New claims 673 629 Resolved claims (585) (544) Other(2) — (6) Ending claims(1) 8,800 8,445 ____________________ (1) Beginning and ending claims data in each period excludes inactive claims, as the Company considers it unlikely that inactive cases will be pursued further by the respective plaintiffs. A claim is classified as inactive either due to inactivity over a period of time or if designated as inactive by the applicable court. (2) Represents the net change in claims as a result of the reclassification of active cases as inactive and inactive cases as active during the period indicated. Cases moved from active to inactive status are removed from the claims count without being accounted for as a "Resolved claim", and cases moved from inactive status to active status are added back to the claims count without being accounted for as a “New claim”. The following table presents the changes in the estimated asbestos liability: (Amounts in thousands) 2022 2021 Beginning balance, January 1, $ 94,423 $ 99,530 Asbestos liability adjustments, net — 1,000 Cash payment activity (1,204) (979) Other, net (967) (891) Ending balance, March 31, $ 92,252 $ 98,660 During the three months ended March 31, 2022 the Company incurred expenses (net of insurance) of approximately $1.8 million , compared to $2.7 million for the same period in 2021 to defend, resolve or otherwise dispose of outstanding claims, including legal and other related expenses. These expenses are included within SG&A in our condensed consolidated statements of income. The Company had cash inflows (outflows) (net of insurance and/or indemnity) to defend, resolve or otherwise dispose of outstanding claims, including legal and other related expenses of approxim ately $5.8 million and $(2.4) million dur ing the three months ended March 31, 2022 and 2021 , respectively. Historically, a high percentage of resolved claims have been covered by applicable insurance or indemnities from other companies, and we believe that a substantial majority of existing claims should continue to be covered by insurance or indemnities, in whole or in part. We believe that our reserve for asbestos claims and the receivable for recoveries from insurance carriers that we have recorded for these claims reflects reasonable and probable estimates of these amounts. Our estimate of our ultimate exposure for asbestos claims, however, is subject to significant uncertainties, including the timing and number and types of new claims, unfavorable court rulings, judgments or settlement terms and ultimate costs to settle. Additionally, the continued viability of carriers may also impact the amount of probable insurance recoveries. We believe that these uncertainties could have a material adverse impact on our business, financial condition, results of operations and cash flows, though we currently believe the likelihood is remote. Additionally, we have claims pending against certain insurers that, if resolved more favorably than reflected in the recorded receivables, would result in discrete gains in the applicable quarter. Other Claims We are also a defendant in a number of other lawsuits, including product liability claims, that are insured, subject to the applicable deductibles, arising in the ordinary course of business, and we are also involved in other uninsured routine litigation incidental to our business. We currently believe none of such litigation, either individually or in the aggregate, is material to our business, operations or overall financial condition. However, litigation is inherently unpredictable, and resolutions or dispositions of claims or lawsuits by settlement or otherwise could have an adverse impact on our financial position, results of operations or cash flows for the reporting period in which any such resolution or disposition occurs. Although none of the aforementioned potential liabilities can be quantified with absolute certainty except as otherwise indicated above, we have established or adjusted reserves covering exposures relating to contingencies, to the extent believed to be reasonably estimable and probable based on past experience and available facts. While additional exposures beyond these reserves could exist, they currently cannot be estimated. We will continue to evaluate and update the reserves as necessary and appropriate.

Pension and Postretirement Bene

Pension and Postretirement Benefits	3 Months Ended
	Mar. 31, 2022
Retirement Benefits [Abstract]
Pension and Postretirement Benefits	Pension and Postretirement Benefits Components of the net periodic cost for pension and postretirement benefits for the three months ended March 31, 2022 and 2021 were as follows: U.S. Non-U.S. Postretirement (Amounts in millions) 2022 2021 2022 2021 2022 2021 Service cost $ 6.3 $ 6.8 $ 1.6 $ 1.8 $ — $ — Interest cost 3.4 3.1 1.7 1.4 0.1 0.1 Expected return on plan assets (6.5) (6.5) (1.6) (1.5) — — Amortization of prior service cost 0.1 — 0.1 0.1 0.1 — Amortization of unrecognized net loss (gain) 1.0 1.9 0.7 1.1 — — Net periodic cost recognized $ 4.3 $ 5.3 $ 2.5 $ 2.9 $ 0.2 $ 0.1 The components of net periodic cost for pension and postretirement benefits other than service costs are included in other income (expense), net in our condensed consolidated statements of income.

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Shareholders' Equity	Shareholders’ Equity Dividends – Generally, our dividend date-of-record is in the last month of the quarter, and the dividend is paid the following month. Any subsequent dividends will be reviewed by our Board of Directors and declared in its discretion. Dividends declared per share were as follows: Three Months Ended March 31, 2022 2021 Dividends declared per share $ 0.20 $ 0.20 Share Repurchase Program – In 2014, our Board of Directors approved a $500.0 million share repurchase authorization. Our share repurchase program does not have an expiration date and we reserve the right to limit or terminate the repurchase program at any time without notice. We h ad no repurchases of shares of our outstanding common stock during three months ended March 31, 2022, compared to 129,000 shares repurchased for $5.1 million for the same period in 2021. As of March 31, 2022, we ha d $96.1 million of remaining capacity under our current share repurchase program.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the three months ended March 31, 2022, we had losses of $10.5 million before taxes and recorded a provision for income taxes o f $3.2 million r esulting in an effective tax rate of (30.5)%. The effective tax rate varied from the U.S. federal statutory rate for the three months ended March 31, 2022 primarily due to the current and anticipated tax impact of the Russia-Ukraine conflict on our business, partially offset by the net impact of foreign operations. For the three months ended March 31, 2021, we earned $21.0 million before taxes and provided for income taxes of $3.8 million resulting in an effective tax rate of 18.1%. The effective tax rate varied from the U.S. federal statutory rate for the three months ended March 31, 2021 primarily due to the net impact of foreign operations, the reversal of certain deferred tax liabilities as a result of restructuring specific aspects of our global financing arrangements and higher withholding taxes related to transactions with and amongst various foreign subsidiaries. As of March 31, 2022, the amount of unrecognized tax benefits decreased by $5.5 million from December 31, 2021. With limited exception, we are no longer subject to U.S. federal income tax audits for years through 2017, state and local income tax audits for years through 2015 or non-U.S. income tax audits for years through 2014. We are currently under examination for various years in Canada, Germany, India, Indonesia, Italy, Malaysia, Mexico, the Philippines, Saudi Arabia, the U.S. and Venezuela. It is reasonably possible that within the next 12 months the effective tax rate will be impacted by the resolution of some or all of the matters audited by various taxing authorities. It is also reasonably possible that we will have the statute of limitations

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information The following is a summary of the financial information of the reportable segments reconciled to the amounts reported in the condensed consolidated financial statements: Three Months Ended March 31, 2022 (Amounts in thousands) FPD FCD Subtotal–Reportable Segments Eliminations and All Other Consolidated Total Sales to external customers $ 573,986 $ 247,072 $ 821,058 $ — $ 821,058 Intersegment sales 1,598 784 2,382 (2,382) — Segment operating income 21,001 15,237 36,238 (28,871) 7,367 Three Months Ended March 31, 2021 FPD FCD Subtotal–Reportable Segments Eliminations and All Other Consolidated Total Sales to external customers $ 602,166 $ 255,142 $ 857,308 $ — $ 857,308 Intersegment sales 476 681 1,157 (1,157) — Segment operating income 53,782 24,712 78,494 (22,391) 56,103

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The following table presents the changes in AOCL, net of tax for the three months ended March 31, 2022 and 2021: 2022 2021 (Amounts in thousands) Foreign currency translation items(1) Pension and other post-retirement effects Cash flow hedging activity (2) Total Foreign currency translation items(1) Pension and other post-retirement effects Cash flow hedging activity (2) Total Balance - January 1 $ (456,025) $ (101,665) $ (1,336) $ (559,026) $ (456,437) $ (146,723) $ (488) $ (603,648) Other comprehensive income (loss) before reclassifications (3) (16,744) 1,957 — (14,787) (10,889) 1,518 — (9,371) Amounts reclassified from AOCL — 1,630 29 1,659 — 2,741 202 2,943 Net current-period other comprehensive income (loss) (3) (16,744) 3,587 29 (13,128) (10,889) 4,259 202 (6,428) Balance - March 31 $ (472,769) $ (98,078) $ (1,307) $ (572,154) $ (467,326) $ (142,464) $ (286) $ (610,076) ________________________________ (1) Includes foreign currency translation adjustments attributable to noncontrolling interests of $4.6 million and $5.9 million at January 1, 2022 and 2021, respectively, and $5.9 million and $6.1 million at March 31, 2022 and 2021, respectively. Also includes the impacts from the changes in fair value of our cross-currency swaps, which were $8.6 million and $(0.2) million million for the three months ended March 31, 2022 and 2021, respectively. (2) Other comprehensive loss before reclassifications and amounts reclassified from AOCL to interest expense related to designated cash flow hedges. (3) Amounts in parentheses indicate an increase to AOCL. The following table presents the reclassifications out of AOCL: Three Months Ended March 31, (Amounts in thousands) Affected line item in the statement of income 2022(1) 2021(1) Pension and other postretirement effects Amortization of actuarial losses(2) Other income (expense), net $ (1,732) $ (3,059) Prior service costs(2) Other income (expense), net (152) (153) Tax benefit 254 471 Net of tax $ (1,630) $ (2,741) Cash flow hedging activity Amortization of Treasury rate lock Interest expense $ (38) $ (264) Tax benefit 9 62 Net of tax $ (29) $ (202) __________________________________ (1) Amounts in parentheses indicate decreases to income. None of the reclassified amounts have a noncontrolling interest component.

Realignment Programs

Realignment Programs	3 Months Ended
	Mar. 31, 2022
Restructuring and Related Activities [Abstract]
Realignment Programs	Realignment Programs In the second quarter of 2020, we identified and initiated certain realignment activities resulting from our Flowserve 2.0 Transformation Program (defined below) to right-size our organizational operations based on the current business environment, with the overall objective to reduce our workforce costs, including manufacturing optimization through the consolidation of certain facilities ("2020 Realignment Program"). The realignment activities consist of restructuring and non-restructuring charges. Restructuring charges represent costs associated with the relocation of certain business activities and facility closures and include related severance costs. Non-restructuring charges are primarily employee severance associated with the workforce reductions. Expenses are primarily reported in cost of sales ("COS") or selling, general and administrative ("SG&A"), as applicable, in our consolidated statements of income. We anticipate a total investment in these activities of approximately $95 million and the vast majority of the charges were incurred in 2020 and 2021 with the remainder to be incurred in 2022. There are certain other realignment activities that are currently being evaluated, but have not yet been finalized. Generally, the aforementioned charges will be paid in cash, except for asset write-downs, which are non-cash charges. The following is a summary of total charges, net of adjustments, incurred related to our 2020 Realignment Program: Three Months Ended March 31, 2022 (Amounts in thousands) FPD FCD Subtotal–Reportable Segments All Other Consolidated Total Realignment Charges Restructuring Charges COS $ 281 $ (5) $ 276 $ — $ 276 SG&A — — — — — $ 281 $ (5) $ 276 $ — $ 276 Non-Restructuring Charges COS $ (364) $ (49) $ (413) $ (61) $ (474) SG&A 75 17 92 (293) (201) $ (289) $ (32) $ (321) $ (354) $ (675) Total Realignment Charges COS $ (83) $ (54) $ (137) $ (61) $ (198) SG&A 75 17 92 (293) (201) Total $ (8) $ (37) $ (45) $ (354) $ (399) Three Months Ended March 31, 2021 (Amounts in thousands) FPD FCD Subtotal–Reportable Segments All Other Consolidated Total Realignment Charges Restructuring Charges COS $ 4,027 $ 299 $ 4,326 $ — $ 4,326 SG&A — (9) (9) — (9) $ 4,027 $ 290 $ 4,317 $ — $ 4,317 Non-Restructuring Charges COS $ 3,892 $ 598 $ 4,490 $ 590 $ 5,080 SG&A 157 868 1,025 3,280 4,305 $ 4,049 $ 1,466 $ 5,515 $ 3,870 $ 9,385 Total Realignment Charges COS $ 7,919 $ 897 $ 8,816 $ 590 $ 9,406 SG&A 157 859 1,016 3,280 4,296 Total $ 8,076 $ 1,756 $ 9,832 $ 3,870 $ 13,702 The following is a summary of total inception to date charges, net of adjustments, related to the 2020 Realignment Program: Inception to Date (Amounts in thousands) FPD FCD Subtotal–Reportable Segments All Other Consolidated Total Realignment Charges Restructuring Charges COS $ 26,156 $ 2,032 $ 28,188 $ — $ 28,188 SG&A 716 333 1,049 (17) 1,032 $ 26,872 $ 2,365 $ 29,237 $ (17) $ 29,220 Non-Restructuring Charges COS $ 25,043 $ 674 $ 25,717 $ 581 $ 26,298 SG&A 11,124 5,279 16,403 21,502 37,905 $ 36,167 $ 5,953 $ 42,120 $ 22,083 $ 64,203 Total Realignment Charges COS $ 51,199 $ 2,706 $ 53,905 $ 581 $ 54,486 SG&A 11,840 5,612 17,452 21,485 38,937 Total $ 63,039 $ 8,318 $ 71,357 $ 22,066 $ 93,423 Restructuring charges represent costs associated with the relocation or reorganization of certain business activities and facility closures and include costs related to employee severance at closed facilities, contract termination costs, asset write-downs and other costs. Severance costs primarily include costs associated with involuntary termination benefits. Contract termination costs include costs related to the termination of operating leases or other contract termination costs. Asset write-downs include accelerated depreciation of fixed assets, accelerated amortization of intangible assets, divestiture of certain non-strategic assets and inventory write-downs. Other costs generally include costs related to employee relocation, asset relocation, vacant facility costs (i.e., taxes and insurance) and other charges. The following is a summary of restructuring charges, net of adjustments, for our restructuring activities related to our 2020 Realignment Program: Three Months Ended March 31, 2022 (Amounts in thousands) Severance Contract Termination Asset Write-Downs Other Total COS $ — $ — $ 240 $ 36 $ 276 SG&A — — — — Total $ — $ — $ 240 $ 36 $ 276 Three Months Ended March 31, 2021 (Amounts in thousands) Severance Contract Termination Asset Write-Downs Other Total COS $ 1,373 $ — $ 2,190 $ 763 $ 4,326 SG&A — — — (9) (9) Total $ 1,373 $ — $ 2,190 $ 754 $ 4,317 The following is a summary of total inception to date restructuring charges, net of adjustments, related to our 2020 Realignment Program: Inception to Date (Amounts in thousands) Severance Contract Termination Asset Write-Downs Other Total COS $ 16,202 $ 86 $ 4,335 $ 7,565 $ 28,188 SG&A 251 — 14 767 1,032 Total $ 16,453 $ 86 $ 4,349 $ 8,332 $ 29,220 The following represents the activity, primarily severance charges from reductions in force, related to the restructuring reserves for the three months ended March 31, 2022 and 2021: (Amounts in thousands) 2022 2021 Balance at January 1 $ 4,868 $ 18,255 Charges, net of adjustments 37 2,127 Cash expenditures (1,260) (8,296) Other non-cash adjustments, including currency (64) (617) Balance at March 31 $ 3,581 $ 11,469

Basis of Presentation and Acc_2

Basis of Presentation and Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated balance sheet as of March 31, 2022, and the related condensed consolidated statements of income (loss), condensed consolidated statements of comprehensive income (loss), condensed consolidated statements of shareholders' equity and condensed consolidated statements of cash flows for the three months ended March 31, 2022 and 2021 of Flowserve Corporation are unaudited. In management’s opinion, all adjustments comprising normal recurring adjustments necessary for fair statement of such condensed consolidated financial statements have been made. Prior period information has been updated to conform to current year presentation.
Accounting developments	Accounting Developments Pronouncements Not Yet Implemented In October 2021, the FASB issued ASU No. 2021-08, "Accounting for Contract Assets and Contract Liabilities from Contracts with Customers." The amendments in this Update improve comparability for both the recognition and measurement of acquired revenue contracts with customers at the date of and after a business combination. The amendments are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years and should be applied prospectively to business combinations occurring on or after the effective date of the amendments. We do not expect the impact of this ASU to be material. In November 2021, the FASB issued ASU No. 2021-10, "Government Assistance (Topic 832)." The amendments in this ASU do not change GAAP and, therefore, are not expected to result in a significant change in practice. Rather, the amendments aim to provide increased transparency by requiring business entities to disclose information about certain types of government assistance they receive in the notes to the financial statements. The amendments are effective for annual periods beginning after December 15, 2021 and can be applied either prospectively or retrospectively. We do not expect the impact of this ASU to be material.
Fair Value	Fair Value Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Where available, fair value is based on observable market prices or parameters or derived from such prices or parameters. Where observable prices or inputs are not available, valuation models may be applied. Assets and liabilities recorded at fair value in our condensed consolidated balance sheets are categorized by hierarchical levels based upon the level of judgment associa

Basis of Presentation and Acc_3

Basis of Presentation and Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Restructuring and Related Costs	The following table presents the above impacts of the Russia pre-tax charge: Three Months Ended March 31, 2022 (Amounts in thousands) Flowserve Pump Division Flow Control Division Consolidated Total Sales $ (5,429) $ (2) $ (5,431) Cost of sales 3,510 1,112 4,622 Gross loss (8,939) (1,114) (10,053) Selling, general and administrative expense 9,111 1,082 10,193 Operating loss $ (18,050) $ (2,196) $ (20,246) Three Months Ended March 31, 2022 (Amounts in thousands) FPD FCD Subtotal–Reportable Segments All Other Consolidated Total Realignment Charges Restructuring Charges COS $ 281 $ (5) $ 276 $ — $ 276 SG&A — — — — — $ 281 $ (5) $ 276 $ — $ 276 Non-Restructuring Charges COS $ (364) $ (49) $ (413) $ (61) $ (474) SG&A 75 17 92 (293) (201) $ (289) $ (32) $ (321) $ (354) $ (675) Total Realignment Charges COS $ (83) $ (54) $ (137) $ (61) $ (198) SG&A 75 17 92 (293) (201) Total $ (8) $ (37) $ (45) $ (354) $ (399) Three Months Ended March 31, 2021 (Amounts in thousands) FPD FCD Subtotal–Reportable Segments All Other Consolidated Total Realignment Charges Restructuring Charges COS $ 4,027 $ 299 $ 4,326 $ — $ 4,326 SG&A — (9) (9) — (9) $ 4,027 $ 290 $ 4,317 $ — $ 4,317 Non-Restructuring Charges COS $ 3,892 $ 598 $ 4,490 $ 590 $ 5,080 SG&A 157 868 1,025 3,280 4,305 $ 4,049 $ 1,466 $ 5,515 $ 3,870 $ 9,385 Total Realignment Charges COS $ 7,919 $ 897 $ 8,816 $ 590 $ 9,406 SG&A 157 859 1,016 3,280 4,296 Total $ 8,076 $ 1,756 $ 9,832 $ 3,870 $ 13,702 The following is a summary of total inception to date charges, net of adjustments, related to the 2020 Realignment Program: Inception to Date (Amounts in thousands) FPD FCD Subtotal–Reportable Segments All Other Consolidated Total Realignment Charges Restructuring Charges COS $ 26,156 $ 2,032 $ 28,188 $ — $ 28,188 SG&A 716 333 1,049 (17) 1,032 $ 26,872 $ 2,365 $ 29,237 $ (17) $ 29,220 Non-Restructuring Charges COS $ 25,043 $ 674 $ 25,717 $ 581 $ 26,298 SG&A 11,124 5,279 16,403 21,502 37,905 $ 36,167 $ 5,953 $ 42,120 $ 22,083 $ 64,203 Total Realignment Charges COS $ 51,199 $ 2,706 $ 53,905 $ 581 $ 54,486 SG&A 11,840 5,612 17,452 21,485 38,937 Total $ 63,039 $ 8,318 $ 71,357 $ 22,066 $ 93,423

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following tables present our customer revenues disaggregated by revenue source: Three Months Ended March 31, 2022 (Amounts in thousands) FPD FCD Total Original Equipment $ 200,340 $ 182,842 $ 383,182 Aftermarket 373,646 64,230 437,876 $ 573,986 $ 247,072 $ 821,058 Three Months Ended March 31, 2021 FPD FCD Total Original Equipment $ 214,164 $ 192,720 $ 406,884 Aftermarket 388,002 62,422 450,424 $ 602,166 $ 255,142 $ 857,308 Our customer sales are diversified geographically. The following tables present our revenues disaggregated by geography, based on the shipping addresses of our customers: Three Months Ended March 31, 2022 (Amounts in thousands) FPD FCD Total North America(1) $ 238,710 $ 107,634 $ 346,344 Latin America(2) 47,619 5,550 53,169 Middle East and Africa 71,701 21,351 93,052 Asia Pacific 101,599 67,793 169,392 Europe 114,357 44,744 159,101 $ 573,986 $ 247,072 $ 821,058 Three Months Ended March 31, 2021 FPD FCD Total North America(1) $ 223,975 $ 90,247 $ 314,222 Latin America(2) 42,040 6,818 48,858 Middle East and Africa 82,541 27,687 110,228 Asia Pacific 124,648 78,661 203,309 Europe 128,962 51,729 180,691 $ 602,166 $ 255,142 $ 857,308 __________________________________ (1) North America represents the United States and Canada. (2) Latin America includes Mexico.
Contract liabilities	The following tables present beginning and ending balances of contract assets and contract liabilities, current and long-term, for the three months ended March 31, 2022 and 2021: (Amounts in thousands) Contract Assets, net (Current) Long-term Contract Assets, net(1) Contract Liabilities (Current) Long-term Contract Liabilities(2) Beginning balance, January 1, 2022 $ 195,598 $ 426 $ 202,965 $ 464 Revenue recognized that was included in contract liabilities at the beginning of the period — — (79,792) — Revenue recognized in the period in excess of billings 116,140 1,757 — — Billings arising during the period in excess of revenue recognized — — 78,156 — Amounts transferred from contract assets to receivables (109,358) — — — Currency effects and other, net (2,326) (1,750) 2,829 (2) Ending balance, March 31, 2022 $ 200,054 $ 433 $ 204,158 $ 462 (Amounts in thousands) Contract Assets, net (Current) Long-term Contract Assets, net(1) Contract Liabilities (Current) Long-term Contract Liabilities(2) Beginning balance, January 1, 2021 $ 277,734 $ 1,139 $ 194,227 $ 822 Revenue recognized that was included in contract liabilities at the beginning of the period — — (78,713) — Revenue recognized in the period in excess of billings 164,246 55 — — Billings arising during the period in excess of revenue recognized — — 82,712 — Amounts transferred from contract assets to receivables (156,805) — — — Currency effects and other, net (10,988) (98) 1,312 (30) Ending balance, March 31, 2021 $ 274,187 $ 1,096 $ 199,538 $ 792 _____________________________________ (1) Included in other assets, net.

Allowance for Expected Credit_2

Allowance for Expected Credit Losses (Tables)	3 Months Ended
	Mar. 31, 2022
Credit Loss [Abstract]
Summary of Changes in Allowance for Expected Credit Losses for Trade Receivables	The following table presents the changes in the allowance for expected credit losses for our trade receivables and contract assets for the three months ended March 31, 2022 and 2021: (Amounts in thousands) Trade receivables Contract assets Beginning balance, January 1, 2022 $ 74,336 $ 2,393 Charges to cost and expenses, net of recoveries 5,225 896 Currency effects and other, net (235) 49 Ending balance, March 31, 2022 $ 79,326 $ 3,338 Beginning balance, January 1, 2021 $ 75,176 $ 3,205 Charges to cost and expenses, net of recoveries (79) — Currency effects and other, net (1,268) (66) Ending balance, March 31, 2021 $ 73,829 $ 3,139
Summary of Changes in Allowance for Expected Credit Losses for Contract Assets	The following table presents the changes in the allowance for expected credit losses for our trade receivables and contract assets for the three months ended March 31, 2022 and 2021: (Amounts in thousands) Trade receivables Contract assets Beginning balance, January 1, 2022 $ 74,336 $ 2,393 Charges to cost and expenses, net of recoveries 5,225 896 Currency effects and other, net (235) 49 Ending balance, March 31, 2022 $ 79,326 $ 3,338 Beginning balance, January 1, 2021 $ 75,176 $ 3,205 Charges to cost and expenses, net of recoveries (79) — Currency effects and other, net (1,268) (66) Ending balance, March 31, 2021 $ 73,829 $ 3,139
Summary of Changes in Allowance for Expected Credit Losses for Long-term Receivables	The following table presents the changes in the allowance for long-term receivables for the three months ended March 31, 2022 and 2021: (Amounts in thousands) 2022 2021 Balance at January 1 $ 67,696 $ 67,842 Currency effects and other, net 488 (1,059) Balance at March 31 $ 68,184 $ 66,783

Stock-Based Compensation Plans

Stock-Based Compensation Plans (Tables)	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Information Regarding Restricted Shares	The following table summarizes information regarding Restricted Shares: Three Months Ended March 31, 2022 Shares Weighted Average Number of unvested shares: Outstanding as of January 1, 2022 1,671,011 $ 43.06 Granted 891,178 33.12 Vested (477,498) 43.25 Forfeited (109,206) 52.43 Outstanding as of March 31, 2022 1,975,485 $ 38.01

Derivative Instruments and He_2

Derivative Instruments and Hedges (Tables)	3 Months Ended
	Mar. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Fair Value of Forward Exchange Contracts not Designated as Hedging Instruments	The fair values of foreign exchange contracts are summarized below: March 31, December 31, (Amounts in thousands) 2022 2021 Current derivative assets $ 425 $ 740 Noncurrent derivative assets — 2 Current derivative liabilities 4,491 2,924 Noncurrent derivative liabilities 54 82
Impact of Net Changes in Fair Values of Forward Exchange Contracts Not Designated as Hedging Instruments	The impact of net changes in the fair values of foreign exchange contracts are summarized below: Three Months Ended March 31, (Amounts in thousands) 2022 2021 Gains (losses) recognized in income $ (2,359) $ 6,105 The cumulative net investment hedge (gains) losses, net of deferred taxes, under cross-currency swaps recorded in AOCL on our condensed consolidated balance sheet are summarized below: March 31, (Amounts in thousands) 2022 2021 (Gain) loss-included component (1) $ (25,385) $ (1,613) (Gain) loss-excluded component (2) (874) 15,639 (Gain) loss recognized in AOCL $ (26,259) $ 14,026 _____________________________________________ (1) Change in the fair value of the swaps attributable to changes in spot rates.
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	The fair values of our cross-currency swaps are summarized below: March 31, December 31, (Amounts in thousands) 2022 2021 Other assets, net $ 34,335 $ 23,129
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)	Prior to the dedesignation, the cumulative impact recorded in AOCL on our condensed consolidated balance sheet from the change in carrying value due to the remeasurement of the effective portion of the net investment hedge is summarized below: Three Months Ended March 31, (Amounts in thousands) 2022 2021 Loss recognized in AOCL $ — $ 29,554

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt Including Capital Lease Obligations	Debt, including finance lease obligations, net of discounts and debt issuance costs, consisted of: March 31, December 31, (Amounts in thousands, except percentages) 2022 2021 3.50% USD Senior Notes due October 1, 2030, net of unamortized discount and debt issuance costs of $5,474 and $5,611, respectively $ 494,526 $ 494,389 2.80% USD Senior Notes due January 15, 2032, net of unamortized discount and debt issuance costs of $6,138 and $6,273, respectively 493,862 493,727 Term Loan Facility, interest rate of 2.26% at March 31, 2022 and 1.45% at December 31, 2021, net of debt issuance costs of $589 and $639, respectively 284,411 291,861 Finance lease obligations and other borrowings 23,412 22,851 Debt and finance lease obligations 1,296,211 1,302,828 Less amounts due within one year 44,616 41,058 Total debt due after one year $ 1,251,595 $ 1,261,770

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2022
Inventory Disclosure [Abstract]
Net Components of Inventory	Inventories, net consisted of the following: March 31, December 31, (Amounts in thousands) 2022 2021 Raw materials $ 340,843 $ 318,348 Work in process 266,006 242,143 Finished goods 213,960 213,096 Less: Excess and obsolete reserve (98,429) (95,300) Inventories, net $ 722,380 $ 678,287

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Calculation of Net Earnings Per Common Share and Weighted Average Common Share Outstanding	The following is a reconciliation of net earnings of Flowserve Corporation and weighted average shares for calculating net earnings (loss) per common share. Earnings (loss) per weighted average common share outstanding was calculated as follows: Three Months Ended March 31, (Amounts in thousands, except per share data) 2022 2021 Net earnings (loss) of Flowserve Corporation $ (15,820) $ 14,080 Dividends on restricted shares not expected to vest — — Earnings (loss) attributable to common and participating shareholders $ (15,820) $ 14,080 Weighted average shares: Common stock 130,410 130,406 Participating securities — 21 Denominator for basic earnings per common share 130,410 130,427 Effect of potentially dilutive securities — 579 Denominator for diluted earnings per common share 130,410 131,006 Earnings (loss) per common share: Basic $ (0.12) $ 0.11 Diluted (0.12) 0.11

Legal Matters and Contingenci_2

Legal Matters and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Loss Contingencies by Contingency	Activity related to asbestos claims during the periods indicated was as follows: Three Months Ended March 31, 2022 2021 Beginning claims(1) 8,712 8,366 New claims 673 629 Resolved claims (585) (544) Other(2) — (6) Ending claims(1) 8,800 8,445 ____________________ (1) Beginning and ending claims data in each period excludes inactive claims, as the Company considers it unlikely that inactive cases will be pursued further by the respective plaintiffs. A claim is classified as inactive either due to inactivity over a period of time or if designated as inactive by the applicable court. (2) Represents the net change in claims as a result of the reclassification of active cases as inactive and inactive cases as active during the period indicated. Cases moved from active to inactive status are removed from the claims count without being
Reconciliation Of Liability For Asbestos And Environmental Claims	The following table presents the changes in the estimated asbestos liability: (Amounts in thousands) 2022 2021 Beginning balance, January 1, $ 94,423 $ 99,530 Asbestos liability adjustments, net — 1,000 Cash payment activity (1,204) (979) Other, net (967) (891) Ending balance, March 31, $ 92,252 $ 98,660

Pension and Postretirement Be_2

Pension and Postretirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2022
Retirement Benefits [Abstract]
Components of Net Periodic Cost for Pension and Postretirement Benefits	Components of the net periodic cost for pension and postretirement benefits for the three months ended March 31, 2022 and 2021 were as follows: U.S. Non-U.S. Postretirement (Amounts in millions) 2022 2021 2022 2021 2022 2021 Service cost $ 6.3 $ 6.8 $ 1.6 $ 1.8 $ — $ — Interest cost 3.4 3.1 1.7 1.4 0.1 0.1 Expected return on plan assets (6.5) (6.5) (1.6) (1.5) — — Amortization of prior service cost 0.1 — 0.1 0.1 0.1 — Amortization of unrecognized net loss (gain) 1.0 1.9 0.7 1.1 — — Net periodic cost recognized $ 4.3 $ 5.3 $ 2.5 $ 2.9 $ 0.2 $ 0.1

Statement of Shareholders' Equi

Statement of Shareholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Summary of Dividends Declared	Dividends declared per share were as follows: Three Months Ended March 31, 2022 2021 Dividends declared per share $ 0.20 $ 0.20

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Summarized Financial Information of Reportable Segments	The following is a summary of the financial information of the reportable segments reconciled to the amounts reported in the condensed consolidated financial statements: Three Months Ended March 31, 2022 (Amounts in thousands) FPD FCD Subtotal–Reportable Segments Eliminations and All Other Consolidated Total Sales to external customers $ 573,986 $ 247,072 $ 821,058 $ — $ 821,058 Intersegment sales 1,598 784 2,382 (2,382) — Segment operating income 21,001 15,237 36,238 (28,871) 7,367 Three Months Ended March 31, 2021 FPD FCD Subtotal–Reportable Segments Eliminations and All Other Consolidated Total Sales to external customers $ 602,166 $ 255,142 $ 857,308 $ — $ 857,308 Intersegment sales 476 681 1,157 (1,157) — Segment operating income 53,782 24,712 78,494 (22,391) 56,103

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table presents the changes in AOCL, net of tax for the three months ended March 31, 2022 and 2021: 2022 2021 (Amounts in thousands) Foreign currency translation items(1) Pension and other post-retirement effects Cash flow hedging activity (2) Total Foreign currency translation items(1) Pension and other post-retirement effects Cash flow hedging activity (2) Total Balance - January 1 $ (456,025) $ (101,665) $ (1,336) $ (559,026) $ (456,437) $ (146,723) $ (488) $ (603,648) Other comprehensive income (loss) before reclassifications (3) (16,744) 1,957 — (14,787) (10,889) 1,518 — (9,371) Amounts reclassified from AOCL — 1,630 29 1,659 — 2,741 202 2,943 Net current-period other comprehensive income (loss) (3) (16,744) 3,587 29 (13,128) (10,889) 4,259 202 (6,428) Balance - March 31 $ (472,769) $ (98,078) $ (1,307) $ (572,154) $ (467,326) $ (142,464) $ (286) $ (610,076) ________________________________ (1) Includes foreign currency translation adjustments attributable to noncontrolling interests of $4.6 million and $5.9 million at January 1, 2022 and 2021, respectively, and $5.9 million and $6.1 million at March 31, 2022 and 2021, respectively. Also includes the impacts from the changes in fair value of our cross-currency swaps, which were $8.6 million and $(0.2) million million for the three months ended March 31, 2022 and 2021, respectively. (2) Other comprehensive loss before reclassifications and amounts reclassified from AOCL to interest expense related to designated cash flow hedges.
Reclassifications out of Accumulated Other Comprehensive Income (Loss)	The following table presents the reclassifications out of AOCL: Three Months Ended March 31, (Amounts in thousands) Affected line item in the statement of income 2022(1) 2021(1) Pension and other postretirement effects Amortization of actuarial losses(2) Other income (expense), net $ (1,732) $ (3,059) Prior service costs(2) Other income (expense), net (152) (153) Tax benefit 254 471 Net of tax $ (1,630) $ (2,741) Cash flow hedging activity Amortization of Treasury rate lock Interest expense $ (38) $ (264) Tax benefit 9 62 Net of tax $ (29) $ (202) __________________________________ (1) Amounts in parentheses indicate decreases to income. None of the reclassified amounts have a noncontrolling interest component.

Realignment Programs (Tables)

Realignment Programs (Tables)	3 Months Ended
	Mar. 31, 2022
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	The following table presents the above impacts of the Russia pre-tax charge: Three Months Ended March 31, 2022 (Amounts in thousands) Flowserve Pump Division Flow Control Division Consolidated Total Sales $ (5,429) $ (2) $ (5,431) Cost of sales 3,510 1,112 4,622 Gross loss (8,939) (1,114) (10,053) Selling, general and administrative expense 9,111 1,082 10,193 Operating loss $ (18,050) $ (2,196) $ (20,246) Three Months Ended March 31, 2022 (Amounts in thousands) FPD FCD Subtotal–Reportable Segments All Other Consolidated Total Realignment Charges Restructuring Charges COS $ 281 $ (5) $ 276 $ — $ 276 SG&A — — — — — $ 281 $ (5) $ 276 $ — $ 276 Non-Restructuring Charges COS $ (364) $ (49) $ (413) $ (61) $ (474) SG&A 75 17 92 (293) (201) $ (289) $ (32) $ (321) $ (354) $ (675) Total Realignment Charges COS $ (83) $ (54) $ (137) $ (61) $ (198) SG&A 75 17 92 (293) (201) Total $ (8) $ (37) $ (45) $ (354) $ (399) Three Months Ended March 31, 2021 (Amounts in thousands) FPD FCD Subtotal–Reportable Segments All Other Consolidated Total Realignment Charges Restructuring Charges COS $ 4,027 $ 299 $ 4,326 $ — $ 4,326 SG&A — (9) (9) — (9) $ 4,027 $ 290 $ 4,317 $ — $ 4,317 Non-Restructuring Charges COS $ 3,892 $ 598 $ 4,490 $ 590 $ 5,080 SG&A 157 868 1,025 3,280 4,305 $ 4,049 $ 1,466 $ 5,515 $ 3,870 $ 9,385 Total Realignment Charges COS $ 7,919 $ 897 $ 8,816 $ 590 $ 9,406 SG&A 157 859 1,016 3,280 4,296 Total $ 8,076 $ 1,756 $ 9,832 $ 3,870 $ 13,702 The following is a summary of total inception to date charges, net of adjustments, related to the 2020 Realignment Program: Inception to Date (Amounts in thousands) FPD FCD Subtotal–Reportable Segments All Other Consolidated Total Realignment Charges Restructuring Charges COS $ 26,156 $ 2,032 $ 28,188 $ — $ 28,188 SG&A 716 333 1,049 (17) 1,032 $ 26,872 $ 2,365 $ 29,237 $ (17) $ 29,220 Non-Restructuring Charges COS $ 25,043 $ 674 $ 25,717 $ 581 $ 26,298 SG&A 11,124 5,279 16,403 21,502 37,905 $ 36,167 $ 5,953 $ 42,120 $ 22,083 $ 64,203 Total Realignment Charges COS $ 51,199 $ 2,706 $ 53,905 $ 581 $ 54,486 SG&A 11,840 5,612 17,452 21,485 38,937 Total $ 63,039 $ 8,318 $ 71,357 $ 22,066 $ 93,423
Schedule of Restructuring Reserve by Type of Cost	The following is a summary of restructuring charges, net of adjustments, for our restructuring activities related to our 2020 Realignment Program: Three Months Ended March 31, 2022 (Amounts in thousands) Severance Contract Termination Asset Write-Downs Other Total COS $ — $ — $ 240 $ 36 $ 276 SG&A — — — — Total $ — $ — $ 240 $ 36 $ 276 Three Months Ended March 31, 2021 (Amounts in thousands) Severance Contract Termination Asset Write-Downs Other Total COS $ 1,373 $ — $ 2,190 $ 763 $ 4,326 SG&A — — — (9) (9) Total $ 1,373 $ — $ 2,190 $ 754 $ 4,317 The following is a summary of total inception to date restructuring charges, net of adjustments, related to our 2020 Realignment Program: Inception to Date (Amounts in thousands) Severance Contract Termination Asset Write-Downs Other Total COS $ 16,202 $ 86 $ 4,335 $ 7,565 $ 28,188 SG&A 251 — 14 767 1,032 Total $ 16,453 $ 86 $ 4,349 $ 8,332 $ 29,220 The following represents the activity, primarily severance charges from reductions in force, related to the restructuring reserves for the three months ended March 31, 2022 and 2021: (Amounts in thousands) 2022 2021 Balance at January 1 $ 4,868 $ 18,255 Charges, net of adjustments 37 2,127 Cash expenditures (1,260) (8,296) Other non-cash adjustments, including currency (64) (617) Balance at March 31 $ 3,581 $ 11,469

Basis of Presentation and Acc_4

Basis of Presentation and Accounting Policies - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Sales	$ 821,058	$ 857,308
Cash and cash equivalents	575,795	659,305	$ 658,452	$ 1,095,274
Accounts receivable, net	730,201		739,210
Sales
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reserve for estimated exit costs, before tax	5,431
Cost of sales
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reserve for estimated exit costs, before tax	(4,622)
Gross loss
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reserve for estimated exit costs, before tax	10,053
Selling, general and administrative expense
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reserve for estimated exit costs, before tax	(10,193)
Operating loss
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reserve for estimated exit costs, before tax	20,246
Operating Segments
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Sales	821,058	857,308
FPD
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Sales	573,986	602,166
FPD | Operating Segments
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Sales	573,986	$ 602,166
FPD | Operating Segments | Sales
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reserve for estimated exit costs, before tax	5,429
FPD | Operating Segments | Cost of sales
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reserve for estimated exit costs, before tax	(3,510)
FPD | Operating Segments | Gross loss
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reserve for estimated exit costs, before tax	8,939
FPD | Operating Segments | Selling, general and administrative expense
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reserve for estimated exit costs, before tax	(9,111)
FPD | Operating Segments | Operating loss
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reserve for estimated exit costs, before tax	18,050
FCD | Operating Segments | Sales
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reserve for estimated exit costs, before tax	2
FCD | Operating Segments | Cost of sales
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reserve for estimated exit costs, before tax	(1,112)
FCD | Operating Segments | Gross loss
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reserve for estimated exit costs, before tax	1,114
FCD | Operating Segments | Selling, general and administrative expense
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reserve for estimated exit costs, before tax	(1,082)
FCD | Operating Segments | Operating loss
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Reserve for estimated exit costs, before tax	2,196
Subsidiaries | Russian Subsidiary
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Sales			14,000
Net assets	2,700
Cash and cash equivalents	7,100
Accounts receivable, net	3,600
Intercompany payable	9,300
Reserve for estimated exit costs, before tax	20,200
Reserve for estimated exit costs, after tax	$ 21,000
Subsidiaries | Certain Foreign Subsidiaries
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Sales			$ 36,000

Basis of Presentation and Acc_5

Basis of Presentation and Accounting Policies - Pre-Tax Charge Impacts (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Sales
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Asset write-off, excluding cash, pre-tax	$ (5,431)
Cost of sales
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Asset write-off, excluding cash, pre-tax	4,622
Gross loss
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Asset write-off, excluding cash, pre-tax	(10,053)
Selling, general and administrative expense
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Asset write-off, excluding cash, pre-tax	10,193
Operating loss
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Asset write-off, excluding cash, pre-tax	(20,246)
Subtotal–Reportable Segments | Sales | FPD
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Asset write-off, excluding cash, pre-tax	(5,429)
Subtotal–Reportable Segments | Sales | FCD
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Asset write-off, excluding cash, pre-tax	(2)
Subtotal–Reportable Segments | Cost of sales | FPD
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Asset write-off, excluding cash, pre-tax	3,510
Subtotal–Reportable Segments | Cost of sales | FCD
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Asset write-off, excluding cash, pre-tax	1,112
Subtotal–Reportable Segments | Gross loss | FPD
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Asset write-off, excluding cash, pre-tax	(8,939)
Subtotal–Reportable Segments | Gross loss | FCD
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Asset write-off, excluding cash, pre-tax	(1,114)
Subtotal–Reportable Segments | Selling, general and administrative expense | FPD
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Asset write-off, excluding cash, pre-tax	9,111
Subtotal–Reportable Segments | Selling, general and administrative expense | FCD
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Asset write-off, excluding cash, pre-tax	1,082
Subtotal–Reportable Segments | Operating loss | FPD
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Asset write-off, excluding cash, pre-tax	(18,050)
Subtotal–Reportable Segments | Operating loss | FCD
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Asset write-off, excluding cash, pre-tax	$ (2,196)

Revenue Recognition (Narrative)

Revenue Recognition (Narrative) (Details) - segments	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Number of operating segments	2
Transferred over Time
Disaggregation of Revenue [Line Items]
Revenue from products and services	12.00%	18.00%
Transferred at Point in Time
Disaggregation of Revenue [Line Items]
Revenue from products and services	88.00%	82.00%

Revenue Recognition (Disaggrega

Revenue Recognition (Disaggregation of revenue) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Sales	$ 821,058	$ 857,308
Original Equipment
Disaggregation of Revenue [Line Items]
Sales	383,182	406,884
Aftermarket
Disaggregation of Revenue [Line Items]
Sales	437,876	450,424
FPD
Disaggregation of Revenue [Line Items]
Sales	573,986	602,166
FPD | Original Equipment
Disaggregation of Revenue [Line Items]
Sales	200,340	214,164
FPD | Aftermarket
Disaggregation of Revenue [Line Items]
Sales	373,646	388,002
FCD
Disaggregation of Revenue [Line Items]
Sales	247,072	255,142
FCD | Original Equipment
Disaggregation of Revenue [Line Items]
Sales	182,842	192,720
FCD | Aftermarket
Disaggregation of Revenue [Line Items]
Sales	64,230	62,422
North America
Disaggregation of Revenue [Line Items]
Sales	346,344	314,222
North America | FPD
Disaggregation of Revenue [Line Items]
Sales	238,710	223,975
North America | FCD
Disaggregation of Revenue [Line Items]
Sales	107,634	90,247
Latin America
Disaggregation of Revenue [Line Items]
Sales	53,169	48,858
Latin America | FPD
Disaggregation of Revenue [Line Items]
Sales	47,619	42,040
Latin America | FCD
Disaggregation of Revenue [Line Items]
Sales	5,550	6,818
Middle East And Africa
Disaggregation of Revenue [Line Items]
Sales	93,052	110,228
Middle East And Africa | FPD
Disaggregation of Revenue [Line Items]
Sales	71,701	82,541
Middle East And Africa | FCD
Disaggregation of Revenue [Line Items]
Sales	21,351	27,687
Asia Pacific
Disaggregation of Revenue [Line Items]
Sales	169,392	203,309
Asia Pacific | FPD
Disaggregation of Revenue [Line Items]
Sales	101,599	124,648
Asia Pacific | FCD
Disaggregation of Revenue [Line Items]
Sales	67,793	78,661
Europe
Disaggregation of Revenue [Line Items]
Sales	159,101	180,691
Europe | FPD
Disaggregation of Revenue [Line Items]
Sales	114,357	128,962
Europe | FCD
Disaggregation of Revenue [Line Items]
Sales	$ 44,744	$ 51,729

Revenue Recognition (Performanc

Revenue Recognition (Performance obligations) (Details) $ in Millions	Mar. 31, 2022USD ($)
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 544
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 325
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, period	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01
Revenue from Contract with Customer [Abstract]
Revenue, remaining performance obligation, amount	$ 219
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, period	1 year

Revenue Recognition (Contract L

Revenue Recognition (Contract Liabilities) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Change In Contract With Customer, Asset And Liability [Roll Forward]
Contract Assets, Beginning balance	$ 195,598
Contract Liabilities, Current, Beginning balance	202,965
Revenue recognized that was included in contract liabilities at the beginning of the period	(2,600)	$ (9,001)
Amounts transferred from contract assets to receivables	(5,655)	(2,245)
Contract Assets, Ending balance	200,054	274,187
Contract Liabilities, Current, Ending balance	204,158	199,538
Short-term Contract with Customer
Change In Contract With Customer, Asset And Liability [Roll Forward]
Contract Assets, Beginning balance	195,598	277,734
Revenue recognized that was included in contract liabilities at the beginning of the period	0	0
Revenue recognized in the period in excess of billings	116,140	164,246
Billings arising during the period in excess of revenue recognized	0	0
Amounts transferred from contract assets to receivables	(109,358)	(156,805)
Other contract asset, net	(2,326)	(10,988)
Long-term Contract with Customer
Change In Contract With Customer, Asset And Liability [Roll Forward]
Contract Assets, Beginning balance	426	1,139
Revenue recognized that was included in contract liabilities at the beginning of the period	0	0
Revenue recognized in the period in excess of billings	1,757	55
Billings arising during the period in excess of revenue recognized	0	0
Amounts transferred from contract assets to receivables	0	0
Other contract asset, net	(1,750)	(98)
Contract Assets, Ending balance	433	1,096
Short-term Contract with Customer, Liability
Change In Contract With Customer, Asset And Liability [Roll Forward]
Contract Liabilities, Current, Beginning balance	202,965	194,227
Revenue recognized that was included in contract liabilities at the beginning of the period	(79,792)	(78,713)
Revenue recognized in the period in excess of billings	0	0
Billings arising during the period in excess of revenue recognized	78,156	82,712
Amounts transferred from contract assets to receivables	0	0
Other contract liability, net	2,829	1,312
Long-term Contract With Customer, Liability
Change In Contract With Customer, Asset And Liability [Roll Forward]
Contract Liabilities, Noncurrent, Beginning balance	464	822
Revenue recognized that was included in contract liabilities at the beginning of the period	0	0
Revenue recognized in the period in excess of billings	0	0
Billings arising during the period in excess of revenue recognized	0	0
Amounts transferred from contract assets to receivables	0	0
Other contract liability, net	(2)	(30)
Contract Liabilities, Noncurrent, Ending balance	$ 462	$ 792

Allowance for Expected Credit_3

Allowance for Expected Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Credit Loss [Abstract]
Contract assets, allowance for credit loss as a percentage of assets	1.00%
Trade receivables
Beginning balance	$ 74,336	$ 75,176
Charges to cost and expenses, net of recoveries	5,225	(79)
Currency effects and other, net	(235)	(1,268)
Ending balance	79,326	73,829
Contract assets
Beginning balance	2,393	3,205
Charges to cost and expenses, net of recoveries	896	0
Currency effects and other, net	49	(66)
Ending balance	3,338	3,139
Long-term Receivables
Beginning balance	67,696	67,842
Currency effects and other, net	488	(1,059)
Ending balance	$ 68,184	$ 66,783

Stock-Based Compensation Plan_2

Stock-Based Compensation Plans (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Jan. 01, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock available under stock option plan (in shares)	9,566,526
Vesting period	3 years
Options, outstanding, number (in shares)	114,943
Options, grants in period, gross (in shares)	0	0
Plan 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized to issue under share based compensation plans (in shares)				12,500,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement age requirement to vest over original vesting period	55 years
Time in service requirement to vest over original vesting period	10 years
Nonvested awards, compensation cost not yet recognized	$ 41.7		$ 24.2
Nonvested awards, compensation cost not yet recognized, period for recognition	2 years
Equity instruments other than options, vested in period, fair value	$ 20.7	$ 23.4
Allocated share-based compensation expense, net of tax	8.5	7.6
Allocated share-based compensation expense	$ 11	$ 9.8
Equity instruments other than options, nonvested, number (in shares)	1,975,485		1,671,011
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested awards, compensation cost not yet recognized, period for recognition	36 months
Equity instruments other than options, nonvested, number (in shares)	516,000
Total shareholder return performance measure, as a percentage	15.00%
Estimated vesting of shares based on performance shares (in shares)	441,000
Minimum | Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, vested and expected to vest, exercisable, number (in shares)	0
Minimum | Performance Shares | Issue Date 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	0.00%
Minimum | Performance Shares | Issue Date 2022 And 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	0.00%
Maximum | Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, vested and expected to vest, exercisable, number (in shares)	1,137,000
Maximum | Performance Shares | Issue Date 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	200.00%
Maximum | Performance Shares | Issue Date 2022 And 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rights, percentage	230.00%

Stock-Based Compensation Plan_3

Stock-Based Compensation Plans (Information Regarding Restricted Shares) (Details) - Restricted Stock	3 Months Ended
	Mar. 31, 2022$ / sharesshares
Shares
Outstanding, Shares, Beginning balance (in shares) | shares	1,671,011
Granted, Shares (in shares) | shares	891,178
Vested, Shares (in shares) | shares	(477,498)
Forfeited, Shares (in shares) | shares	(109,206)
Outstanding, Shares, Ending balance (in shares) | shares	1,975,485
Weighted Average Grant-Date Fair Value
Outstanding, Weighted Average Grant-Date Fair Value, Beginning balance (in dollars per share) | $ / shares	$ 43.06
Granted, Weighted Average Grant-Date Fair Value (in dollars per share) | $ / shares	33.12
Vested, Weighted Average Grant-Date Fair Value (in dollars per share) | $ / shares	43.25
Forfeited, Weighted Average Grant-Date Fair Value (in dollars per share) | $ / shares	52.43
Outstanding, Weighted Average Grant-Date Fair Value, Ending balance (in dollars per share) | $ / shares	$ 38.01

Derivative Instruments and He_3

Derivative Instruments and Hedges (Textual) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)	Mar. 31, 2022EUR (€)	Dec. 31, 2021USD ($)	Sep. 22, 2020EUR (€)	Mar. 31, 2015EUR (€)
2022 EUR Senior Notes
Derivative [Line Items]
Stated interest rate (as a percent)	1.25%	1.25%
2022 EUR Senior Notes
Derivative [Line Items]
Designated amount, net investment hedge | €				€ 336,300,000	€ 255,700,000
Currency Swap
Derivative [Line Items]
Derivative, notional amount | €		€ 423,200,000
Derivative, Interest Payable | $	$ 2
Not Designated as Hedging Instrument | Forward Exchange Contract
Derivative [Line Items]
Derivative, notional amount | $	$ 422.2		$ 425.2
Minimum remaining maturity of foreign currency derivatives	22 days
Maximum remaining maturity of foreign currency derivatives	18 months

Derivative Instruments and He_4

Derivative Instruments and Hedges (Fair Value Balance Sheet Disclosures) (Details) - Not Designated as Hedging Instrument - Foreign Exchange Contract - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Derivative [Line Items]
Current derivative assets	$ 425	$ 740
Noncurrent derivative assets	0	2
Current derivative liabilities	4,491	2,924
Noncurrent derivative liabilities	$ 54	$ 82

Derivative Instruments and He_5

Derivative Instruments and Hedges (Fair Value of Forward Exchange Contracts) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Forward Contracts
Derivative [Line Items]
Gains (losses) recognized in income	$ (2,359)	$ 6,105

Derivative Instruments and He_6

Derivative Instruments and Hedges (Cross Currency Swap) (Details) - Currency Swap - Net Investment Hedging - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Loss (gain) - included component	$ (25,385)	$ (1,613)
(Gain) loss - excluded component	(874)	15,639
(Gain) loss recognized in AOCL	(26,259)	$ 14,026
Fair Value, Inputs, Level 2
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Noncurrent derivative assets	$ 34,335		$ 23,129

Derivative Instruments and He_7

Derivative Instruments and Hedges (Remeasurement) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net Investment Hedging
Derivative [Line Items]
Loss recognized in AOCL	$ 0	$ 29,554

Debt (Schedule of Debt) (Detail

Debt (Schedule of Debt) (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Debt issuance costs, net		$ 6,273
Finance lease obligations and other borrowings	$ 23,412	22,851
Debt and finance lease obligations	1,296,211	1,302,828
Less amounts due within one year	44,616	41,058
Total debt due after one year	$ 1,251,595	1,261,770
2030 USD Senior notes
Debt Instrument [Line Items]
Stated interest rate (as a percent)	3.50%
Debt Instrument, Unamortized Discount	$ 5,474
Debt issuance costs, net		5,611
Long-term debt	$ 494,526	494,389
2032 USD Senior Notes
Debt Instrument [Line Items]
Stated interest rate (as a percent)	0.028%
Debt Instrument, Unamortized Discount	$ 6,138
Long-term debt	$ 493,862	$ 493,727
Term Loan Facility
Debt Instrument [Line Items]
Effective interest rate (as a percent)	2.26%	1.45%
Debt issuance costs, net	$ 589	$ 639
Long-term debt	$ 284,411	$ 291,861

Debt (Details Textual)

Debt (Details Textual) - USD ($)	Mar. 31, 2023	Dec. 31, 2022	Sep. 13, 2021	Mar. 19, 2021	Mar. 31, 2022	Mar. 31, 2021	Sep. 30, 2022	Dec. 31, 2021
Line of Credit Facility [Line Items]
Loss on extinguishment of debt				$ 7,610,000	$ 0	$ 7,610,000
2022 EUR Senior Notes
Line of Credit Facility [Line Items]
Repayment of debt				400,900,000
Loss on extinguishment of debt						$ 7,600,000
Make whole premium				$ 6,600,000
Term Loan Facility
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			$ 300,000,000
Term Loan Facility | Forecast
Line of Credit Facility [Line Items]
Periodic payment	$ 10,000,000	$ 10,000,000					$ 7,500,000
Revolving Credit Facility | Senior Credit Facility
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			800,000,000
Line of credit, commitment fee (as a percentage)					0.175%
Amount drawn					$ 0			$ 0
Line of credit facility, current borrowing capacity					383,500,000			614,200,000
Letter of Credit | Senior Credit Facility
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			750,000,000
Letters of credit outstanding					$ 87,100,000			$ 78,300,000
Swing Line Loans | Senior Credit Facility
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity			$ 30,000,000
LIBOR | Revolving Credit Facility | Senior Credit Facility
Line of Credit Facility [Line Items]
Basis spread on variable rate					1.375%
Base Rate | Revolving Credit Facility | Senior Credit Facility
Line of Credit Facility [Line Items]
Basis spread on variable rate					0.375%
Minimum | Revolving Credit Facility | Senior Credit Facility
Line of Credit Facility [Line Items]
Line of credit, commitment fee (as a percentage)			0.08%
Minimum | LIBOR | Term Loan Facility
Line of Credit Facility [Line Items]
Basis spread on variable rate			0.875%
Minimum | LIBOR | Revolving Credit Facility | Senior Credit Facility
Line of Credit Facility [Line Items]
Basis spread on variable rate			1.00%
Minimum | Base Rate | Term Loan Facility
Line of Credit Facility [Line Items]
Basis spread on variable rate			0.00%
Minimum | Base Rate | Revolving Credit Facility | Senior Credit Facility
Line of Credit Facility [Line Items]
Basis spread on variable rate			0.00%
Maximum | Revolving Credit Facility | Senior Credit Facility
Line of Credit Facility [Line Items]
Line of credit, commitment fee (as a percentage)			0.25%
Maximum | LIBOR | Term Loan Facility
Line of Credit Facility [Line Items]
Basis spread on variable rate			1.625%
Maximum | LIBOR | Revolving Credit Facility | Senior Credit Facility
Line of Credit Facility [Line Items]
Basis spread on variable rate			1.75%
Maximum | Base Rate | Term Loan Facility
Line of Credit Facility [Line Items]
Basis spread on variable rate			0.625%
Maximum | Base Rate | Revolving Credit Facility | Senior Credit Facility
Line of Credit Facility [Line Items]
Basis spread on variable rate			0.75%

Fair Value (Details)

Fair Value (Details) $ in Millions	Mar. 31, 2022USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes	$ 988.4
Estimate of Fair Value Measurement
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior notes	$ 914.1

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Net Components of Inventory
Raw materials	$ 340,843	$ 318,348
Work in process	266,006	242,143
Finished goods	213,960	213,096
Less: Excess and obsolete reserve	(98,429)	(95,300)
Inventories, net	$ 722,380	$ 678,287

Earnings (Loss) Per Share (Deta

Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Net earnings (loss) of Flowserve Corporation	$ (15,820)	$ 14,080
Dividends on restricted shares not expected to vest	0	0
Earnings (loss) attributable to common and participating shareholders	$ (15,820)	$ 14,080
Weighted average shares:
Common stock (in shares)	130,410,000	130,406,000
Participating securities (in shares)	0	21,000
Denominator for basic earnings per common share (in shares)	130,410,000	130,427,000
Effect of potentially dilutive securities (in shares)	0	579,000
Denominator for diluted earnings per common share (in shares)	130,410,000	131,006,000
Earnings (loss) per common share:
Basic (in dollars per share)	$ (0.12)	$ 0.11
Diluted (in dollars per share)	$ (0.12)	$ 0.11
Antidilutive shares (in shares)	641,188

Legal Matters and Contingenci_3

Legal Matters and Contingencies (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)claim	Mar. 31, 2021USD ($)claim
Liability for Asbestos and Environmental Claims, Net [Roll Forward]
Beginning claims	8,712	8,366
New claims	673	629
Resolved claims	(585)	(544)
Other	0	(6)
Ending claims	8,800	8,445
Loss contingency expense | $	$ 1.8	$ 2.7
Payments For (Proceeds From) Insurance Settlements | $	$ 5.8	$ (2.4)

Legal Matters and Contingenci_4

Legal Matters and Contingencies - Estimated Asbestos Liability (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Liability for Asbestos and Environmental Claims, Net [Roll Forward]
Beginning balance, January 1,	$ 94,423	$ 99,530
Asbestos liability adjustments, net	0	1,000
Cash payment activity	(1,204)	(979)
Other, net	(967)	(891)
Ending balance, March 31,	$ 92,252	$ 98,660

Pension and Postretirement Be_3

Pension and Postretirement Benefits (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Domestic Plan
Components of the net periodic cost for retirement and postretirement benefits
Service cost	$ 6.3	$ 6.8
Interest cost	3.4	3.1
Expected return on plan assets	(6.5)	(6.5)
Amortization of prior service cost	0.1	0
Amortization of unrecognized net loss (gain)	1	1.9
Net periodic cost recognized	4.3	5.3
Foreign Plan
Components of the net periodic cost for retirement and postretirement benefits
Service cost	1.6	1.8
Interest cost	1.7	1.4
Expected return on plan assets	(1.6)	(1.5)
Amortization of prior service cost	0.1	0.1
Amortization of unrecognized net loss (gain)	0.7	1.1
Net periodic cost recognized	2.5	2.9
Postretirement Medical Benefits
Components of the net periodic cost for retirement and postretirement benefits
Service cost	0	0
Interest cost	0.1	0.1
Expected return on plan assets	0	0
Amortization of prior service cost	0.1	0
Amortization of unrecognized net loss (gain)	0	0
Net periodic cost recognized	$ 0.2	$ 0.1

Shareholders' Equity (Details)

Shareholders' Equity (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2014
Equity, Class of Treasury Stock [Line Items]
Cash dividends declared per share (in dollars per share)	$ 0.20	$ 0.20
Repurchase of shares (in shares)	0	129,000
Treasury Stock, Value, Acquired, Cost Method		$ 5,100,000
Remaining authorized repurchase capacity	$ 96,100,000
Share repurchase program 2014
Equity, Class of Treasury Stock [Line Items]
Authorized amount to be repurchased			$ 500,000,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income before income tax	$ (10,497)	$ 20,953
Income tax expense	$ 3,182	$ 3,792
Effective tax rate (as a percent)	(30.50%)	18.10%
Unrecognized tax benefits, period decrease	$ 5,500
Unrecognized tax benefits approximate amount of estimated reduction within the next twelve months	$ 15,000

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Summarized financial information of the reportable segments
Sales	$ 821,058	$ 857,308
Segment operating income	7,367	56,103
Operating Segments
Summarized financial information of the reportable segments
Sales	821,058	857,308
Intersegment sales	2,382	1,157
Segment operating income	36,238	78,494
Intersegment sales
Summarized financial information of the reportable segments
Intersegment sales	(2,382)	(1,157)
Segment operating income	(28,871)	(22,391)
FPD
Summarized financial information of the reportable segments
Sales	573,986	602,166
FPD | Operating Segments
Summarized financial information of the reportable segments
Sales	573,986	602,166
Intersegment sales	1,598	476
Segment operating income	21,001	53,782
FCD
Summarized financial information of the reportable segments
Sales	247,072	255,142
FCD | Operating Segments
Summarized financial information of the reportable segments
Sales	247,072	255,142
Intersegment sales	784	681
Segment operating income	$ 15,237	$ 24,712

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Components of AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	$ (559,026)	$ (603,648)
Other comprehensive income (loss) before reclassifications (3)	(14,787)	(9,371)
Amounts reclassified from AOCL	1,659	2,943
Other comprehensive income (loss)	(13,128)	(6,428)
Ending balance	(572,154)	(610,076)
Foreign currency translation items
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(456,025)	(456,437)
Other comprehensive income (loss) before reclassifications (3)	(16,744)	(10,889)
Amounts reclassified from AOCL	0	0
Other comprehensive income (loss)	(16,744)	(10,889)
Ending balance	(472,769)	(467,326)
Pension and other post-retirement effects
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(101,665)	(146,723)
Other comprehensive income (loss) before reclassifications (3)	1,957	1,518
Amounts reclassified from AOCL	1,630	2,741
Other comprehensive income (loss)	3,587	4,259
Ending balance	(98,078)	(142,464)
Cash flow hedging activity
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance	(1,336)	(488)
Other comprehensive income (loss) before reclassifications (3)	0	0
Amounts reclassified from AOCL	29	202
Other comprehensive income (loss)	29	202
Ending balance	(1,307)	(286)
Non- controlling Interests
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Other comprehensive income (loss)	1,336	147
Accumulated other comprehensive income (loss), foreign currency translation adjustment, net of tax	5,900	6,100	$ 4,600	$ 5,900
Non- controlling Interests | Currency Swap
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated other comprehensive income (loss), foreign currency translation adjustment, net of tax	$ 8,600	$ (200)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) (Reclassifications out of AOCI) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net of tax	$ (1,659)	$ (2,943)
Amortization of actuarial losses
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification	(1,732)	(3,059)
Prior service costs
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification	(152)	(153)
Pension and other post-retirement effects
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Tax benefit	254	471
Net of tax	(1,630)	(2,741)
Cash flow hedging activity
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Reclassification	(38)	(264)
Tax benefit	(9)	(62)
Net of tax	$ (29)	$ (202)

Realignment Programs (Details)

Realignment Programs (Details) - USD ($) $ in Thousands	3 Months Ended		24 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 276	$ 4,317
Non-Restructuring Charges	(675)	9,385
Total Realignment Charges	(399)
Total Realignment Program Charges		13,702
Restructuring Reserve [Roll Forward]
Beginning Balance	4,868	18,255
Charges, net of adjustments	276	4,317
Cash expenditures	(1,260)	(8,296)
Other non-cash adjustments, including currency	(64)	(617)
Ending Balance	3,581	11,469	$ 3,581
Subtotal–Reportable Segments
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	276	4,317
Non-Restructuring Charges	(321)	5,515
Total Realignment Charges	(45)
Total Realignment Program Charges		9,832
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	276	4,317
Eliminations and All Other
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0	0
Non-Restructuring Charges	(354)	3,870
Total Realignment Charges	(354)
Total Realignment Program Charges		3,870
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	0	0
Severance
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0	1,373
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	0	1,373
Contract Termination
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0	0
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	0	0
Asset Write-Downs
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	240	2,190
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	240	2,190
Other
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	36	754
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	36	754
Charges Expected to be Settled in Cash
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	37	2,127
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	37	2,127
Cost of sales
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	276	4,326
Non-Restructuring Charges	(474)	5,080
Total Realignment Charges	(198)
Total Realignment Program Charges		9,406
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	276	4,326
Cost of sales | Subtotal–Reportable Segments
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	276	4,326
Non-Restructuring Charges	(413)	4,490
Total Realignment Charges	(137)
Total Realignment Program Charges		8,816
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	276	4,326
Cost of sales | Eliminations and All Other
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0	0
Non-Restructuring Charges	(61)	590
Total Realignment Charges	(61)
Total Realignment Program Charges		590
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	0	0
Cost of sales | Severance
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0	1,373
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	0	1,373
Cost of sales | Contract Termination
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0	0
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	0	0
Cost of sales | Asset Write-Downs
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	240	2,190
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	240	2,190
Cost of sales | Other
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	36	763
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	36	763
Selling, general and administrative expense
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0	(9)
Non-Restructuring Charges	(201)	4,305
Total Realignment Charges	(201)
Total Realignment Program Charges		4,296
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	0	(9)
Selling, general and administrative expense | Subtotal–Reportable Segments
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0	(9)
Non-Restructuring Charges	92	1,025
Total Realignment Charges	92
Total Realignment Program Charges		1,016
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	0	(9)
Selling, general and administrative expense | Eliminations and All Other
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0	0
Non-Restructuring Charges	(293)	3,280
Total Realignment Charges	(293)
Total Realignment Program Charges		3,280
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	0	0
Selling, general and administrative expense | Severance
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0	0
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	0	0
Selling, general and administrative expense | Contract Termination
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0	0
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	0	0
Selling, general and administrative expense | Asset Write-Downs
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0	0
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	0	0
Selling, general and administrative expense | Other
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		(9)
Restructuring Reserve [Roll Forward]
Charges, net of adjustments		(9)
FPD
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	281	4,027
Non-Restructuring Charges	(289)	4,049
Total Realignment Charges	(8)
Total Realignment Program Charges		8,076
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	281	4,027
FPD | Cost of sales
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	281	4,027
Non-Restructuring Charges	(364)	3,892
Total Realignment Charges	(83)
Total Realignment Program Charges		7,919
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	281	4,027
FPD | Selling, general and administrative expense
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0	0
Non-Restructuring Charges	75	157
Total Realignment Charges	75
Total Realignment Program Charges		157
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	0	0
FCD
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	(5)	290
Non-Restructuring Charges	(32)	1,466
Total Realignment Charges	(37)
Total Realignment Program Charges		1,756
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	(5)	290
FCD | Cost of sales
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	(5)	299
Non-Restructuring Charges	(49)	598
Total Realignment Charges	(54)
Total Realignment Program Charges		897
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	(5)	299
FCD | Selling, general and administrative expense
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	0	(9)
Non-Restructuring Charges	17	868
Total Realignment Charges	17
Total Realignment Program Charges		859
Restructuring Reserve [Roll Forward]
Charges, net of adjustments	0	$ (9)
2020 Realignment Program
Restructuring Cost and Reserve [Line Items]
Expected cost	$ 95,000		95,000
Restructuring Charges			29,220
Non-Restructuring Charges			64,203
Total Realignment Charges			93,423
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			29,220
2020 Realignment Program | Subtotal–Reportable Segments
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			29,237
Non-Restructuring Charges			42,120
Total Realignment Charges			71,357
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			29,237
2020 Realignment Program | Eliminations and All Other
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			(17)
Non-Restructuring Charges			22,083
Total Realignment Charges			22,066
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			(17)
2020 Realignment Program | Severance
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			16,453
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			16,453
2020 Realignment Program | Contract Termination
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			86
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			86
2020 Realignment Program | Asset Write-Downs
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			4,349
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			4,349
2020 Realignment Program | Other
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			8,332
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			8,332
2020 Realignment Program | Cost of sales
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			28,188
Non-Restructuring Charges			26,298
Total Realignment Charges			54,486
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			28,188
2020 Realignment Program | Cost of sales | Subtotal–Reportable Segments
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			28,188
Non-Restructuring Charges			25,717
Total Realignment Charges			53,905
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			28,188
2020 Realignment Program | Cost of sales | Eliminations and All Other
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			0
Non-Restructuring Charges			581
Total Realignment Charges			581
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			0
2020 Realignment Program | Cost of sales | Severance
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			16,202
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			16,202
2020 Realignment Program | Cost of sales | Contract Termination
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			86
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			86
2020 Realignment Program | Cost of sales | Asset Write-Downs
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			4,335
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			4,335
2020 Realignment Program | Cost of sales | Other
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			7,565
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			7,565
2020 Realignment Program | Selling, general and administrative expense
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			1,032
Non-Restructuring Charges			37,905
Total Realignment Charges			38,937
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			1,032
2020 Realignment Program | Selling, general and administrative expense | Subtotal–Reportable Segments
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			1,049
Non-Restructuring Charges			16,403
Total Realignment Charges			17,452
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			1,049
2020 Realignment Program | Selling, general and administrative expense | Eliminations and All Other
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			(17)
Non-Restructuring Charges			21,502
Total Realignment Charges			21,485
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			(17)
2020 Realignment Program | Selling, general and administrative expense | Severance
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			251
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			251
2020 Realignment Program | Selling, general and administrative expense | Contract Termination
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			0
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			0
2020 Realignment Program | Selling, general and administrative expense | Asset Write-Downs
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			14
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			14
2020 Realignment Program | Selling, general and administrative expense | Other
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			767
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			767
2020 Realignment Program | FPD
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			26,872
Non-Restructuring Charges			36,167
Total Realignment Charges			63,039
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			26,872
2020 Realignment Program | FPD | Cost of sales
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			26,156
Non-Restructuring Charges			25,043
Total Realignment Charges			51,199
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			26,156
2020 Realignment Program | FPD | Selling, general and administrative expense
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			716
Non-Restructuring Charges			11,124
Total Realignment Charges			11,840
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			716
2020 Realignment Program | FCD
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			2,365
Non-Restructuring Charges			5,953
Total Realignment Charges			8,318
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			2,365
2020 Realignment Program | FCD | Cost of sales
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			2,032
Non-Restructuring Charges			674
Total Realignment Charges			2,706
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			2,032
2020 Realignment Program | FCD | Selling, general and administrative expense
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			333
Non-Restructuring Charges			5,279
Total Realignment Charges			5,612
Restructuring Reserve [Roll Forward]
Charges, net of adjustments			$ 333