Cameron International 10-K 26 Feb 10 2009 FY Annual report Financial data

CONSOLIDATED RESULTS OF OPERATI

CONSOLIDATED RESULTS OF OPERATIONS (USD $)
In Thousands, except Per Share data	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Net Income
Revenues	$5,223,245	$5,848,877	$4,666,368
COSTS AND EXPENSES
Cost of sales (exclusive of depreciation and amortization shown separately below)	3,540,106	4,127,931	3,242,238
Selling and administrative expenses	715,599	668,296	577,588
Depreciation and amortization	156,587	132,079	109,774
Interest income	(5,851)	(27,350)	(30,745)
Interest expense	92,370	70,290	43,845
Restructuring expense and acquisition related costs	81,605	0	0
Charge for pension plan termination	0	26,196	35,725
Total costs and expenses	4,580,416	4,997,442	3,978,425
Income before income taxes	642,829	851,435	687,943
Income tax provision	(167,310)	(270,732)	(199,762)
Net income	$475,519	$580,703	$488,181
Earnings per common share:
Basic	2.15	2.67	2.23
Diluted	2.11	2.54	2.11

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands	Dec. 31, 2009	Dec. 31, 2008
ASSETS
Cash and cash equivalents	$1,860,988	$1,621,046
Receivables, net	959,010	950,362
Inventories, net	1,664,152	1,336,925
Other	230,009	148,110
Total current assets	4,714,159	4,056,443
Plant and equipment, net	1,192,402	931,647
Goodwill	1,441,580	709,217
Other assets	377,232	205,064
Total assets	7,725,373	5,902,371
LIABILITIES AND STOCKHOLDERS' EQUITY
Current portion of long-term debt	22,164	161,279
Accounts payable and accrued liabilities	2,208,153	1,854,384
Accrued income taxes	65,896	95,545
Total current liabilities	2,296,213	2,111,208
Long-term debt	1,232,302	1,218,627
Deferred income taxes	122,980	99,149
Other long-term liabilities	154,118	128,860
Total liabilities	3,805,613	3,557,844
Stockholders' Equity
Common stock, par value $.01 per share, 400,000,000 shares authorized, 263,111,472 shares issued at December 31, 2009 and 236,316,873 shares issued at December 31, 2008	2,631	2,363
Preferred stock, par value $.01 per share, 10,000,000 shares authorized, no shares issued or outstanding	0	0
Capital in excess of par value	2,244,000	1,254,593
Retained earnings	2,285,432	1,809,913
Accumulated other elements of comprehensive income	9,492	(84,218)
Less: Treasury stock at cost, 18,453,758 shares at December 31, 2009 and 19,424,120 shares at December 31, 2008	(621,795)	(638,124)
Total stockholders' equity	3,919,760	2,344,527
Total liabilities and stockholders' equity	$7,725,373	$5,902,371

PARENTHETICAL DATA TO THE CONSO

PARENTHETICAL DATA TO THE CONSOLIDATED BALANCE SHEETS (USD $)
	Dec. 31, 2009	Dec. 31, 2008
Stockholders' Equity
Common stock, par value (in dollars)	0.01	0.01
Common stock, shares Authorized (in shares)	400,000,000	400,000,000
Common stock, Shares issued (in shares)	263,111,472	236,316,873
Preferred stock, par value (in dollars)	0.01	0.01
Preferred stock, Authorized shares (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Less treasury common stock at cost Shares (in shares)	18,453,758	19,424,120

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands	12 Months Ended Dec. 31, 2009	12 Months Ended Dec. 31, 2008	12 Months Ended Dec. 31, 2007
Cash flows from operating activities:
Net income	$475,519	$580,703	$488,181
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	114,683	98,728	81,458
Amortization	41,904	33,351	28,316
Non-cash charge for pension plan termination	0	26,196	35,725
Non-cash stock compensation expense	27,701	35,627	31,383
Tax benefit of employee stock compensation plan transactions and deferred income taxes	(35,765)	1,941	35,602
Changes in assets and liabilities, net of translation, acquisitions and non-cash items:
Receivables	165,162	(157,899)	(69,223)
Inventories	(220,941)	(9,325)	(355,215)
Accounts payable and accrued liabilities	139,835	278,973	219,503
Other assets and liabilities, net	(94,638)	99,282	(44,010)
Net cash provided by operating activities	613,460	987,577	451,720
Cash flows from investing activities:
Capital expenditures	(240,921)	(272,248)	(245,589)
Acquisitions, net of cash acquired (see Note 2 of the Notes to Consolidated Financial Statements)	11,203	(191,681)	(76,386)
Proceeds from sale of plant and equipment	4,035	3,903	9,056
Net cash used for investing activities	(225,683)	(460,026)	(312,919)
Cash flows from financing activities:
Short-term loan borrowings (repayments), net	(18,908)	31,859	(200,707)
Redemption of convertible debt securities	(131,109)	(106,891)	0
Issuance of long-term senior notes	0	747,922	0
Debt issuance costs	0	(5,550)	0
Purchase of treasury stock	(29,175)	(279,393)	(321,913)
Proceeds from stock option exercises	10,193	17,628	52,784
Excess tax benefits from employee stock compensation plans transactions	6,446	16,986	28,034
Principal payments on capital leases	(6,737)	(7,434)	(5,312)
Net cash provided by (used for) financing activities	(169,290)	415,127	(447,114)
Effect of translation on cash	21,455	(61,548)	14,692
Increase (decrease) in cash and cash equivalents	239,942	881,130	(293,621)
Cash and cash equivalents, beginning of period	1,621,046	739,916	1,033,537
Cash and cash equivalents, end of period	$1,860,988	$1,621,046	$739,916

CONSOLIDATED CHANGES IN STOCKHO

CONSOLIDATED CHANGES IN STOCKHOLDERS' EQUITY (USD $)
In Thousands	Common Stock	Capital in Excess of Par value	Retained Earnings	Accumulated Other Elements of Comprehensive Income	Treasury Stock	Total
Balance at Dec. 31, 2006	$1,162	$1,207,281	$745,829	$16,326	($177,772)	$1,792,826
Net income			488,181			488,181
Foreign currency translation				59,686		59,686
Change in fair value of derivatives accounted for as cash flow hedges, net of taxes				5,011		5,011
Other comprehensive income from derivative transactions recognized in current year earnings, net of taxes				(4,583)		(4,583)
Pension settlement loss, net of taxes				23,282		23,282
Pension curtailment gain, net of taxes				(1,222)		(1,222)
Actuarial loss, net of amortization				2,504		2,504
Adjustment to initially apply FIN 48		(2,000)	(4,996)			(6,996)
Non-cash stock compensation expense		31,383				31,383
Purchase of treasury stock					(341,423)	(341,423)
Common stock and treasury stock issued under stock option and other employee benefit plans		(40,411)			93,195	52,784
Tax benefit of employee stock compensation plan transactions		32,239				32,239
Stock split	1,162	(1,162)				0
Balance at Dec. 31, 2007	2,324	1,227,330	1,229,014	101,004	(426,000)	2,133,672
Net income			580,703			580,703
Foreign currency translation				(169,378)		(169,378)
Loss on treasury locks, net of amortization and taxes				(1,192)		(1,192)
Change in fair value of derivatives accounted for as cash flow hedges, net of taxes				(47,245)		(47,245)
Other comprehensive income from derivative transactions recognized in current year earnings, net of taxes				3,254		3,254
Impact after currency effects of actuarial gains/losses and plan amendments, net of taxes				7,911		7,911
Amortization of net actuarial losses and prior service credits, net of taxes				5,219		5,219
Pension settlement loss, net of taxes				16,503		16,503
Adjustment for change in measurement date for postretirement benefit plans			196	(294)		(98)
Non-cash stock compensation expense		35,627				35,627
Purchase of treasury stock					(259,883)	(259,883)
Common stock and treasury stock issued under stock option and other employee benefit plans		(30,159)			47,759	17,600
Tax benefit of employee stock compensation plan transactions		22,548				22,548
Stock issued for conversion of convertible debt	39	(39)				0
Adjustment to conversion of option resulting from conversion of convertible debt, net of taxes		(714)				(714)
Balance at Dec. 31, 2008	2,363	1,254,593	1,809,913	(84,218)	(638,124)	2,344,527
Net income			475,519			475,519
Foreign currency translation				86,649		86,649
Amortization of treasury locks, net of taxes				26		26
Change in fair value of derivatives accounted for as cash flow hedges, net of taxes				11,256		11,256
Other comprehensive income from derivative transactions recognized in current year earnings, net of taxes				16,215		16,215
Impact after currency effects of actuarial gains/losses and plan amendments, net of taxes				(22,955)		(22,955)
Amortization of net actuarial losses and prior service credits, net of taxes				2,371		2,371
Pension settlement loss, net of taxes				148		148
Equity securities issues for purchase of NATCO	236	982,082			6,207	988,525
Non-cash stock compensation expense		27,701				27,701
Purchase of treasury stock					(29,175)	(29,175)
Common stock and treasury stock issued under stock option and other employee benefit plans		(30,062)			39,297	9,235
Tax benefit of employee stock compensation plan transactions		9,718				9,718
Stock issued for conversion of convertible debt	32	(32)				0
Balance at Dec. 31, 2009	$2,631	$2,244,000	$2,285,432	$9,492	($621,795)	$3,919,760

1_PARENTHETICAL DATA TO THE CON

PARENTHETICAL DATA TO THE CONSOLIDATED CHANGES IN STOCKHOLDERS' EQUITY (USD $)
In Thousands	1/1/2009 - 12/31/2009	1/1/2008 - 12/31/2008	1/1/2007 - 12/31/2007
Statement of Stockholders' Equity [Abstract]
Change in fair value of derivatives accounted for as cash flow hedges, taxes	$6,664	$26,920	$2,803
Other comprehensive income from derivative transactions recognized in current year earnings, taxes	9,601	1,421	2,225
Pension settlement loss, taxes		9,693	14,222
Pension curtailment gain, taxes			757
Impact after currency effects of actuarial gains/losses and plan amendments, taxes	$9,697	$3,917

Note 1: Summary of Major Accoun

Note 1: Summary of Major Accounting Policies
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Financial Statements [Abstract]
Summary of Major Accounting Policies	Note 1: Summary of Major Accounting Policies Company Operations Cameron International Corporation (Cameron or the Company) is a leading provider of flow equipment products, systems and services to worldwide oil, gas and process industries. Products include oil and gas pressure control and separation equipment, including valves, wellheads, manifolds, controls, chokes, blowout preventers andassembled systems for oil and gas drilling, production and transmission processes used in onshore, offshore and subsea applications. Cameron also manufactures and services air and gas compressors and turbochargers. The Companys operations are organized into three business segments Drilling and Production Systems (DPS), Valves Measurement (VM) and Compression Systems (CS). Additional information regarding each segment may be found in Note 15 of the Notes to Consolidated Financial Statements. Principles of Consolidation The consolidated financial statements include the accounts of the Company and all majority-owned subsidiaries. Investments from 20% to 50% in affiliated companies are accounted for using the equity method. Estimates in Financial Statements The preparation of the financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Such estimates include, but are not limited to, estimates of total contract profit or loss on certain long-term production contracts,estimated losses on accounts receivable, estimated realizable value on excess and obsolete inventory, contingencies, including tax contingencies, estimated liabilities for litigation exposures and liquidated damages, estimated warranty costs, estimates related to pension accounting, estimates related to the fair value of reporting units for purposes of assessing goodwill for impairment, estimated proceeds from assets held for sale and estimates related to deferred tax assets and liabilities, including valuation allowances on deferred tax assets. Actual results could differ materially from these estimates. Revenue Recognition The Company generally recognizes revenue, net of sales taxes, once the following four criteria are met: (i) persuasive evidence of an arrangement exists, (ii) delivery of the equipment has occurred or services have been rendered, (iii) the price of the equipment or service is fixed and determinable and (iv) collectibility is reasonably assured. For certain engineering, procurement and construction-type contracts, which typically include the Companys subsea and drilling systems and processing equipment contracts, revenue is recognized in accordance with accounting rules relating to construction-type and production-type contracts as promulgated in the Financial Accounting Standards Boards Accounting Standards Codification (FASB ASC). Under this guidance, the Company recognizes revenue on these contracts using a units-of-completion method. Under the units-of-

Note 2: Acquisitions

Note 2: Acquisitions (Unaudited)
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Financial Statements [Abstract]
Acquisitions (Unaudited)	Note 2: Acquisitions (Unaudited) Pursuant to an Amended and Restated Agreement and Plan of Merger dated June 1, 2009 (the Agreement) with NATCO Group, Inc. (NATCO), the Company issued 1.185 shares of Cameron International Corporation common stock (the Exchange Ratio), or a total of approximately 23,637,708 shares, in order to acquire each NATCO common share outstanding on November 18, 2009 (the Merger Date).The Company has included the financial results of NATCO, constituting less than 1.5% of the Companys consolidated revenues and income before income taxes, in its consolidated financial statements for the period subsequent to the Merger Date. The majority of the NATCO operations have been included in the DPS segment. Prior to the Merger Date, the prior management of Natco reported the following amounts in their Quarterly Report on Form 10-Q for the nine months ended September 30, 2009 and in their Annual Report on Form 10-K for the year ended December 31, 2008: (dollars in thousands) Nine Months Ended September 30, 2009 Year Ended December 31, 2008 Revenues $ 472,593 $ 657,404 Net income $ 24,909 $ 35,097 NATCO designed, manufactured and marketed oil and gas production equipment and separation systems. NATCO products and services have been used onshore and offshore, upstream and downstream, in most major oil and gas producing regions of the world. The Company believes that gaining access to NATCOs separation and processing technology, products and services will significantly enhance its business as a provider of flow equipment, systems, and services in the oil and gas industry. The Merger has been accounted for as a purchase business combination.Assets acquired and liabilities assumed were recorded at their estimated fair values as of November 18, 2009, with the excess purchase price being recorded as goodwill.The total preliminary purchase price is as follows: $ in thousands Value of Cameron common shares issued in exchange for NATCO common shares $ 959,468 Cash paid for fractional shares 17 Value of NATCO stock options and restricted stock awards assumed 29,057 Total preliminary purchase price $ 988,542 The fair value of Cameron shares issued in exchange for NATCO shares and in exchange for NATCO stock option and restricted stock awards assumed was based on the closing price of the Companys common stock on the Merger Date. For all NATCO stock options and restricted stock awards granted prior to June 1, 2009, vesting was accelerated under the terms of the NATCO stock option and restricted stock agreements; therefore, there was no modification of the awards under accounting rules for stock compensation awards. NATCO stock options and restricted stock awards granted between the signing of the Agreement and the Merger Date were exchanged for Cameron options and awards with similar terms and conditions and will continue to vest in accordance with the original terms under which they were awarded. Preliminary Purchase Price Allocation Under the purchase method of accounting, the total preliminary purchase price was allocated to NATCOs net tan

Note 3: Restructuring Expense a

Note 3: Restructuring Expense and Acquisition Related Costs
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Financial Statements [Abstract]
Restructuring Expense and Acquisition Related Costs	Note 3: Restructuring Expense and Acquisition Related Costs During 2009, the Company incurred a total of $81,605,000 of restructuring expense and acquisition related costs, including (i) $60,951,000 associated with world-wide voluntary and involuntary employee severance programs, which primarily impacted the Companys operations in the United States and France, (ii) $19,393,000 of costs incurred in connection with the November 2009 acquisition of NATCO and (iii) $1,261,000 of facility closure and other related costs.Over 1,100 employees were covered by the employee severance programs.

Note 4: Receivables

Note 4: Receivables
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Financial Statements [Abstract]
Receivables	Note 4: Receivables Receivables consisted of the following: December 31, (dollars in thousands) 2009 2008 Trade receivables $ 907,160 $ 897,453 Other receivables 67,669 62,557 Allowance for doubtful accounts (15,819 ) (9,648 ) Total receivables $ 959,010 $ 950,362

Note 5: Inventories

Note 5: Inventories
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Financial Statements [Abstract]
Inventories	Note 5: Inventories Inventories consisted of the following: December 31, (dollars in thousands) 2009 2008 Raw materials $ 168,594 $ 126,649 Work-in-process 483,964 403,791 Finished goods, including parts and subassemblies 1,167,811 931,168 Other 11,515 10,197 1,831,884 1,471,805 Excess of current standard costs over LIFO costs (108,779 ) (85,240 ) Allowance for obsolete and excess inventory (58,953 ) (49,640 ) Total inventories $ 1,664,152 $ 1,336,925

Note 6: Plant and Equipment, Go

Note 6: Plant and Equipment, Goodwill and Other Assets
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Financial Statements [Abstract]
Plant and Equipment, Goodwill and Other Assets	Note 6: Plant and Equipment, Goodwill and Other Assets Plant and equipment consisted of the following: December 31, (dollars in thousands) 2009 2008 Land and land improvements $ 60,881 $ 48,067 Buildings 477,952 347,034 Machinery and equipment 988,483 800,965 Tooling, dies, patterns, etc. 127,338 106,511 Office furniture equipment 107,878 123,734 Capitalized software 178,391 129,305 Assets under capital leases 29,742 28,624 Construction in progress 110,015 160,299 All other 26,764 22,107 2,107,444 1,766,646 Accumulated depreciation (915,042 ) (834,999 ) Total plant and equipment, net $ 1,192,402 $ 931,647 Changes in goodwill during 2009 were as follows: (dollars in thousands) DPS VM CS Total Balance at December 31, 2008 $ 369,281 $ 277,714 $ 62,222 $ 709,217 Current year acquisitions 731,592 9,780 741,372 Changes primarily associated with adjustments to prior year acquisitions related to finalization of purchase price allocations (23,191 ) (173 ) (23,364 ) Translation and other 4,339 10,016 14,355 Balance at December 31, 2009 $ 1,082,021 $ 297,337 $ 62,222 $ 1,441,580 Other assets consisted of the following: December 31, (dollars in thousands) 2009 2008 Deferred income taxes $ 35,444 $ 23,507 Other intangibles: Gross: Customer lists 115,004 45,873 Patents and technology 100,363 41,612 Trademarks 51,217 36,846 Noncompete agreements, engineering drawings and other 70,085 40,087 Accumulated amortization (69,048 ) (46,575 ) Other 74,167 63,714 Total other assets $ 377,232 $ 205,064 Amortization associated with the Companys capitalized software and other amortizable intangibles recorded as of December 31, 2009 is expected to approximate $29,498,000, $26,445,000, $22,049,000, $17,042,000 and $13,741,000 for the years ending December 31, 2010, 2011, 2012, 2013 and 2014, respectively.

Note 7: Accounts Payable and Ac

Note 7: Accounts Payable and Accrued Liabilities
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Financial Statements [Abstract]
Accounts Payable and Accrued Liabilities	Note 7: Accounts Payable and Accrued Liabilities Accounts payable and accrued liabilities consisted of the following: December 31, (dollars in thousands) 2009 2008 Trade accounts payable and accruals $ 549,665 $ 525,507 Salaries, wages and related fringe benefits 228,267 164,411 Advances from customers 1,051,965 855,872 Sales-related costs and provisions 70,538 85,565 Payroll and other taxes 58,443 39,409 Product warranty 45,631 33,551 Fair market value of derivatives 6,125 35,715 Other 197,519 114,354 Total accounts payable and accrued liabilities $ 2,208,153 $ 1,854,384 Additional information relating to the Companys outstanding derivative contracts as of December 31, 2009 may be found in Note 18 of the Notes to Consolidated Financial Statements. Activity during the year associated with the Companys product warranty accruals was as follows (dollars in thousands): Balance December 31, 2008 Warranty Provisions Acquisitions Charges Against Accrual Translation and Other Balance December 31, 2009 $ 33,551 $ 41,718 $ 6,276 $ (35,829 ) $ (85 ) $ 45,631

Note 8: Employee Benefit Plans

Note 8: Employee Benefit Plans
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Financial Statements [Abstract]
Employee Benefit Plans	Note 8: Employee Benefit Plans As of December 31, 2009, the Company sponsored separate defined benefit pension plans for employees of its United Kingdom (U.K.) and German subsidiaries as well as several unfunded defined benefit arrangements for various other employee groups. The U.K. defined benefit pension plan was frozen to new entrants effective June 14, 1996. In June 2007, the Company notified employees and beneficiaries that it had elected to terminate the Cameron International Corporation Retirement Plan (Retirement Plan) as well as certain related unfunded supplemental plans, which covered the majority of salaried U.S. employees and certain domestic hourly employees at the time the Retirement Plan was frozen to new entrants, effective May 1, 2003.In addition, the Company curtailed future benefits from being earned under the Retirement Plan, effective December 31, 2007.The Company distributed the assets of the Retirement Plan in two phases.The first phase occurred during the fourth quarter of 2007 and included former employees who were participants in the Retirement Plan.In connection with this initial distribution of plan assets and the curtailment of future benefits from the Retirement Plan, the Company recorded a pre-tax settlement loss of $37,704,000 and a pre-tax curtailment gain of $1,979,000, for a net charge in 2007 of $35,725,000.During the fourth quarter of 2008, the Company recorded an additional settlement loss of $26,196,000 in connection with the final distribution of plan assets to current employees who were participants in the Retirement Plan and any others not covered by the initial distribution of plan assets during 2007.Following the final distribution, the excess remaining plan assets of approximately $5,117,000 became available to the Company to be used in meeting the cash funding obligations for matching contributions under the Cameron International Corporation Retirement Savings Plan, a defined contribution 401(k) plan available to the Companys eligible United States-based employees. Certain of the Companys employees also participate in various domestic employee welfare benefit plans, including medical, dental and prescriptions. Additionally, certain employees receive retiree medical, prescription and life insurance benefits. All of the welfare benefit plans, including those providing postretirement benefits, are unfunded. Total net benefit plan expense (income) associated with the Companys defined benefit pension and postretirement benefit plans consisted of the following: Pension Benefits Postretirement Benefits (dollars in thousands) 2009 2008 2007 2009 2008 2007 Service cost $ 2,687 $ 3,867 $ 9,039 $ 8 $ 3 $ 5 Interest cost 14,068 20,315 25,129 534 1,075 1,211 Expected return on plan assets (13,285 ) (22,113 ) (33,444 ) Amortization of prior service cost (credit) 15 15 (540 ) (890 ) (382 ) (383 ) Amortization of losses (gains) 5,741 9,365 14,065 (1,915

Note 9: Stock-Based Compensatio

Note 9: Stock-Based Compensation Plans
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Financial Statements [Abstract]
Stock-Based Compensation Plans	Note 9: Stock-Based Compensation Plans The Company has grants outstanding under four equity compensation plans, only one of which, the 2005 Equity Incentive Plan (2005 EQIP), is currently available for future grants of equity compensation awards to employees and non-employee directors. The other three plans, which continue to have options outstanding at December 31, 2009, are the Companys Long-Term Incentive Plan, as Amended and Restated as of November 2002, the Broadbased 2000 Incentive Plan and the Second Amended and Restated 1995 Stock Option Plan for Non-Employee Directors.Options granted under the Companys four equity compensation plans had an exercise price equal to the market value of the underlying common stock on the date of grant and all terms were fixed. Stock-based compensation expense recognized was as follows: Year Ended December 31, (dollars in thousands) 2009 2008 2007 Outstanding restricted and deferred stock unit and award grants $ 18,505 $ 20,084 $ 15,610 Unvested outstanding stock option grants 9,196 15,543 15,773 Total stock-based compensation expense $ 27,701 $ 35,627 $ 31,383 The total income statement tax benefit recognized from stock-based compensation arrangements during the years ended December 31, 2009, 2008 and 2007totaled approximately $10,208,000, $13,182,000, $12,004,000, respectively. Stock options Options with terms of seven years are granted to officers and other key employees of the Company under the 2005 EQIP plan at a fixed exercise price equal to the fair value of the Companys common stock on the date of grant. The options vest in one-third increments each year on the anniversary date following the date of grant, based on continued employment. Grants made in previous years to officers and other key employees under the Long-Term and Broadbased Incentive Plans provide similar terms, except that the options terminate after ten years rather than seven. In connection with the acquisition of NATCO, effective November 18, 2009, the Company issued 811,727 vested and 132,793 unvested options for the Companys common stock to certain former NATCO employees in exchange for similar options in NATCO common stock held by those employees immediately prior to the acquisition date.The terms, conditions and value of the options issued by the Company were similar to the NATCO options and thus, no option modification accounting was required at the date of the exchange (see Note 2 of the Notes to Consolidated Financial Statements for further information). A summary of option activity under the Companys stock compensation plans as of and for the year ended December 31, 2009 is presented below: Options Shares Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (dollars in thousands) Outstanding at January 1, 2009 7,368,776 $ 26.52 Granted 827,000 39.24 Added through acquisitions 944,520 27.26 E

Note 10: Debt

Note 10: Debt
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Financial Statements [Abstract]
Debt	Note 10: Debt The Companys debt obligations were as follows: Year Ended December 31, (dollars in thousands) 2009 2008 Short-term borrowings under revolving credit facility $ $ 14,482 Senior notes, net of $1,928 of unamortized original issue discount at December 31, 2009 ($2,028 at December 31, 2008) 748,072 747,972 Convertible debentures, net of discount of $22,768 at December 31, 2009 ($38,543 at December 31, 2008) 477,232 592,566 Other debt 16,742 10,941 Obligations under capital leases 12,420 13,945 1,254,466 1,379,906 Current maturities (22,164 ) (161,279 ) Long-term portion $ 1,232,302 $ 1,218,627 On June 26, 2008, the Company issued $450,000,000 in aggregate principal amount of 6.375% Senior Notes due July 15, 2018 (the 2018 Notes) and $300,000,000 in aggregate principal amount of 7.0% Senior Notes due July 15, 2038 (the 2038 Notes and, together with the 2018 Notes, the Notes). The Company pays interest on the Notes on January 15 and July 15 of each year, beginning January 15, 2009.The Company may redeem some of the Notes from time to time or all of the Notes at any time at redemption prices that include accrued and unpaid interest and a make-whole premium as defined in the respective supplemental indentures (the Supplemental Indentures).In the event of the occurrence of a Change of Control Repurchase Event, as defined in the Supplemental Indentures, the holders of the Notes may require the Company to repurchase the Notes at a purchase price equal to 101% of their principal amount, plus accrued and unpaid interest.The Notes are senior unsecured obligations of the Company and rank equally with all of the Companys other existing unsecured and unsubordinated debt. On April 14, 2008, the Company entered into a multicurrency revolving credit facility providing for borrowings up to $585,000,000, which expires on April 14, 2013. The facility allows the Company to borrow funds at the London Interbank Offered Rate (LIBOR) plus 40 basis points (including a facility fee), which varies based on the Company's current debt rating, and, if aggregate outstanding credit exposure exceeds one-half of the total facility amount, an additional 10-basis-point fee is incurred. The Company, at its option, may also borrow at other specified rates as defined in the credit facility. Additionally, the Company is required to maintain a total debt-to-capitalization ratio of no more than 60% during the term of the agreement. At December 31, 2008, the Company had Pound Sterling borrowings outstanding totaling 10,000,000, under its $585,000,000 multicurrency revolving credit facility at an interest rate of 4.20% with a maturity date of January 20, 2009.No amounts were outstanding under the credit facility at December 31, 2009. On May 23, 2006, the Company issued $500,000,000 face value of twenty-year senior convertible debentures, due June 15, 2026, that pay interest semi-annually at a rate of 2.5% on each June 15 and December 15, beginning December 15, 2006.The Company has the right to redeem th

Note 11: Leases

Note 11: Leases
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Financial Statements [Abstract]
Leases	Note 11: Leases The Company leases certain facilities, office space, vehicles and office, data processing and other equipment under capital and operating leases. Rental expenses for the years ended December 31, 2009, 2008 and 2007 were $57,419,000, $49,582,000 and $42,709,000, respectively. Future minimum lease payments with respect to capital leases and operating leases with noncancelable terms in excess of one year were as follows: (dollars in thousands) Capital Lease Payments Operating Lease Payments Year ended December 31: 2010 $ 5,553 $ 32,140 2011 4,165 32,234 2012 2,407 20,716 2013 520 17,938 2014 16 20,842 Thereafter 36,260 Future minimum lease payments 12,661 160,130 Less: amount representing interest (241 ) Lease obligations at December 31, 2009 $ 12,420 $ 160,130

Note 12: Income Taxes

Note 12: Income Taxes
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Financial Statements [Abstract]
Income Taxes	Note 12: Income Taxes The components of income before income taxes were as follows: Year Ended December 31, (dollars in thousands) 2009 2008 2007 Income before income taxes: U.S. operations $ 223,950 $ 334,250 $ 287,363 Foreign operations 418,879 517,185 400,580 Income before income taxes $ 642,829 $ 851,435 $ 687,943 The provisions for income taxes were as follows: Year Ended December 31, (dollars in thousands) 2009 2008 2007 Current: U.S. federal $ 83,531 $ 142,306 $ 64,497 U.S. state and local 3,440 708 4,143 Foreign 119,376 139,298 99,725 206,347 282,312 168,365 Deferred: U.S. federal (33,299 ) (25,215 ) 20,578 U.S. state and local (291 ) 3,024 (3,787 ) Foreign (5,447 ) 10,611 14,606 (39,037 ) (11,580 ) 31,397 Income tax provision $ 167,310 $ 270,732 $ 199,762 The reasons for the differences between the provision for income taxes and income taxes using the U.S. federal income tax rate were as follows: Year Ended December 31, (dollars in thousands) 2009 2008 2007 U.S. federal statutory rate 35.00 % 35.00 % 35.00 % State and local income taxes 0.38 0.67 0.68 Foreign statutory rate differential (7.26 ) (4.86 ) (3.47 ) Change in valuation allowance on deferred tax assets 1.99 0.71 (1.52 ) Nondeductible expenses 1.54 0.59 1.28 Net U.S. tax on foreign source income (5.00 ) 0.58 0.59 Change in utilization of certain foreign tax credits (2.26 ) All other (0.62 ) (0.89 ) (1.26 ) Total 26.03 % 31.80 % 29.04 % Total income taxes paid $ 231,171 $ 159,680 $ 199,283 Components of deferred tax assets (liabilities) were as follows: December 31, (dollars in thousands) 2009 2008 Deferred tax liabilities: Plant and equipment $ (71,748 ) $ (43,818 ) Inventory (39,484 ) (38,769 ) Convertible debentures (8,181 ) (13,572 ) Intangible assets (82,359 ) Other (22,953 ) (13,477 ) Total deferred tax liabilities (224,725 ) (109,636 ) Deferred tax assets: Postretirement benefits other than pensions 12,310 12,472 Reserves and accruals 98,861 54,519 Net operating losses and tax credits 102,554 23,237 Pensions 20,080 7,998 Other 12,197 24,218 Total deferred tax assets 246,002 122,444 Valuation allowance (46,127 ) (28,748 ) Net deferred tax liabilities $ (24,

Note 13: Stockholders' Equity

Note 13: Stockholders' Equity
	1/1/2009 - 12/31/2009 USD / shares
Notes to Financial Statements [Abstract]
Stockholders' Equity	Note 13: Stockholders Equity Common Stock On December 7, 2007, stockholders of the Company approved an amendment to the Companys Amended and Restated Certificate of Incorporation to increase the number of authorized shares of common stock from 150,000,000 to 400,000,000. Additionally, effective December 28, 2007, the Company implemented a 2-for-1 stock split in the form of a stock dividend at that date. In February 2006, the Companys Board of Directors changed the number of shares of the Companys common stock authorized for repurchase from the 5,000,000 shares authorized in August 2004 to 10,000,000 shares in order to reflect the 2-for-1 stock split effective December 15, 2005. This authorization was subsequently increased to 20,000,000 in connection with the 2-for-1 stock split effective December 28, 2007 and eventually to 30,000,000 by a resolution adopted by the Board of Directors on February 21, 2008. Additionally, on May 22, 2006, the Companys Board of Directors approved repurchasing shares of the Companys common stock with the proceeds remaining from the Companys 2.5% Convertible Debenture offering, after taking into account a planned repayment of $200,000,000 principal amount of the Companys outstanding 2.65% Senior Notes due 2007. This authorization is in addition to the 30,000,000 shares described above. Purchases pursuant to the 30,000,000-share Board authorization may be made by way of open market purchases, directly or indirectly, for the Companys own account or through commercial banks or financial institutions and by the use of derivatives such as a sale or put on the Companys common stock or by forward or economically equivalent transactions. Changes in the number of shares of the Companys outstanding stock for the last three years were as follows: Common Stock Treasury Stock Shares Outstanding Balance - December 31, 2006 116,170,863 (3,881,236 ) 112,289,627 Purchase of treasury stock before stock split (5,284,256 ) (5,284,256 ) Stock issued under stock option and other employee benefit plans before stock split 2,074,029 2,074,029 Effect of stock split on shares outstanding 116,170,863 (7,091,464 ) 109,079,399 Purchase of treasury stock after stock split (150,000 ) (150,000 ) Balance - December 31, 2007 232,341,726 (14,332,927 ) 218,008,799 Purchase of treasury stock (6,968,363 ) (6,968,363 ) Stock issued under stock option and other employee benefit plans 1,877,170 1,877,170 Stock issued upon conversion of the 1.5% Convertible Debentures 3,975,147 3,975,147 Balance - December 31, 2008 236,316,873 (19,424,120 ) 216,892,753 Purchase of treasury stock (935,178 ) (935,178 ) Stock issued related to NATCO acquisition 23,637,708 237,323 23,875,031 Stock issued under stock option and other employee benefit plans 1,668,217 1,668,217

Note 14: Accumulated Other Elem

Note 14: Accumulated Other Elements of Comprehensive Income
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Financial Statements [Abstract]
Accumulated Other Elements of Comprehensive Income	Note 14: Accumulated Other Elements of Comprehensive Income Accumulated other elements of comprehensive income comprised the following: December 31, (dollars in thousands) 2009 2008 Accumulated foreign currency translation gain (loss) $ 81,576 $ (5,073 ) Prior service credits, net, related to the Companys pension and postretirement benefit plans 3,092 3,636 Actuarial losses, net, related to the Companys pensionand postretirement benefit plans (62,616 ) (42,724 ) Change in fair value of derivatives accounted for as cash flow hedges, net of tax and other (1) (12,560 ) (40,057 ) $ 9,492 $ (84,218 ) 1 Approximately $8,391,000 (after tax) of accumulated other elements of comprehensive income is expected to be recognized as a reduction in earnings during 2010.

Note 15: Business Segments

Note 15: Business Segments
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Financial Statements [Abstract]
Business Segments	Note 15: Business Segments The Companys operations are organized into three separate business segments - DPS, VM and CS. Based upon the amount of equipment installed worldwide and available industry data, DPS is a leading provider of systems and equipment used to control pressures, direct flows of oil and gas wells and separate oil and gas from impurities. DPSs products include surface and subsea production systems, blowout preventers, drilling and production control systems, oil and gas separation equipment, gas conditioning units, membrane separation systems, water processing systems, block valves, gate valves, actuators, chokes, wellheads, manifolds, drilling riser and aftermarket parts and services. Based upon the amount of equipment installed worldwide and available industry data, VM is a leading provider of valves and also supplies measurement systems primarily used to control, direct and measure the flow of oil and gas as they are moved from individual wellheads through flow lines, gathering lines and transmission systems to refineries, petrochemical plants and industrial centers for processing. VMs products include gate valves, ball valves, butterfly valves, Orbit valves, double block and bleed valves, plug valves, globe valves, check valves, actuators, chokes and aftermarket parts and services as well as measurement products such as totalizers, turbine meters, flow computers, chart recorders, ultrasonic flow meters and sampling systems. CS provides reciprocating and integrally geared centrifugal compression equipment and related aftermarket parts and services for the energy industry and for manufacturing companies and chemical process industries worldwide. The Companys primary customers are oil and gas majors, national oil companies, independent producers, engineering and construction companies, drilling contractors, rental companies, geothermal energy and independent power producers, pipeline operators, major chemical, petrochemical and refining companies, natural gas processing and transmission companies, compression leasing companies, durable goods manufacturers, utilities and air separation companies. The Company markets its equipment through a worldwide network of sales and marketing employees supported by agents and distributors in selected international locations. Due to the extremely technical nature of many of the products, the marketing effort is further supported by a staff of engineering employees. The Company expenses all research and product development and enhancement costs as incurred, or if incurred in connection with a product ordered by a customer, when the revenue associated with the product is recognized. For the years ended December 31, 2009, 2008 and 2007, the Company incurred research and product development costs, including costs incurred on projects designed to enhance or add to its existing product offerings, totaling approximately $78,115,000, $68,665,000 and $59,585,000, respectively. DPS accounted for 70%, 69% and 68% of each respective years total costs. Summary financial data by segment follows: Year Ended December 31, 2009 (dollars in thousands) DPS VM

Note 16: Earnings Per Share

Note 16: Earnings Per Share
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Financial Statements [Abstract]
Earnings Per Share	Note 16: Earnings Per Share The calculation of basic and diluted earnings per share for each period presented was as follows: Year Ended December 31, (amounts in thousands, except per share data) 2009 2008 2007 Net income $ 475,519 $ 580,703 $ 488,181 Average shares outstanding (basic) 221,391 217,524 219,355 Common stock equivalents 2,194 2,529 3,439 Incremental shares from assumed conversion of convertible debentures 1,441 8,594 8,593 Shares utilized in diluted earnings per share calculation 225,026 228,647 231,387 Earnings per share: Basic $ 2.15 $ 2.67 $ 2.23 Diluted $ 2.11 $ 2.54 $ 2.11 The Companys 2.5% Convertible Debentures have been included in the calculation of diluted earnings per share for the year ended December 31, 2009, since the average price of the Companys common stock exceeded the conversion price of the debentures during a portion of 2009.The Companys 1.5% and 2.5% Convertible Debentures have both been included in the calculation of diluted earnings per share for the years ended December 31, 2008 and 2007, since the average market price of the Companys common stock exceeded the conversion price of the debentures during all or a portion of each year.See Note 10 of the Notes to Consolidated Financial Statements for further information regarding conversion of these debentures.

Note 17: Summary of Noncash Ope

Note 17: Summary of Noncash Operating, Investing and Financing Activities
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Financial Statements [Abstract]
Summary of Noncash Operating, Investing and Financing Activities	Note 17: Summary of Non-cash Operating, Investing and Financing Activities The effect on net assets of non-cash operating, investing and financing activities was as follows: Year Ended December 31, (dollars in thousands) 2009 2008 Net assets of NATCO acquired in exchange for Cameron common stock, excluding net cashacquired $ 954,146 $ Tax benefit of employee stock compensation plan transactions $ 9,718 $ 22,548 Change in fair value of derivatives accounted for as cash flow hedges, net of tax $ 11,256 $ (47,245 ) Actuarial loss and impact of plan amendments, net, related to defined benefit pension and postretirement benefit plans $ (22,955 ) $ 7,911 Change in net assets due to a change in the measurement date of the Companys postretirement benefit plans $ $ (98 )

Note 18: Off-Balance Sheet Risk

Note 18: Off-Balance Sheet Risk and Guarantees, Concentrations of Credit Risk and Fair Value of Financial Instruments
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Financial Statements [Abstract]
Off-Balance Sheet Risk and Guarantees, Concentrations of Credit Risk and Fair Value of Financial Instruments	Note 18: Off-Balance Sheet Risk and Guarantees, Concentrations of Credit Risk and Fair Value of Financial Instruments Off-Balance Sheet Risk and Guarantees At December 31, 2009, the Company was contingently liable with respect to approximately $871,554,000 of bank guarantees and standby letters of credit issued on its behalf by major domestic and international financial institutions in connection with the delivery, installation and performance of the Companys products under contract with customers throughout the world. The Company was also liable to these financial institutions for financial letters of credit and other guarantees issued on its behalf totaling nearly $27,891,000 which provide security to third parties relating to the Companys ability to meet specified financial obligations, including payment of leases, customs duties, insurance and other matters. Additionally, the Company was liable for approximately $4,470,000 of insurance bonds at December 31, 2009 relating to the requirements in certain foreign jurisdictions where the Company does business that the Company hold insurance bonds rather than bank guarantees. The Companys other off-balance sheet risks were not material at December 31, 2009. Concentrations of Credit Risk Apart from its normal exposure to its customers, who are predominantly in the energy industry, the Company had no significant concentrations of credit risk at December 31, 2009. The Company typically does not require collateral for its customer trade receivables.Allowances for doubtful accounts are recorded for estimated losses that may result from the inability of customers to make required payments.See Note 4 of the Notes to Consolidated Financial Statements for additional information. Fair Value of Financial Instruments The Companys financial instruments consist primarily of cash and cash equivalents, trade receivables, trade payables, derivative instruments and debt instruments. The book values of cash and cash equivalents, trade receivables, trade payables, derivative instruments and floating-rate debt instruments are considered to be representative of their respective fair values. Certain cash equivalents have also been valued based on quoted market prices which are considered to be Level 1 market inputs as defined in the fair value measurements guidance of the FASBs ASC.At December 31, 2009, the fair value of the Companys fixed-rate debt (based on Level 1 quoted market rates) was approximately $1,450,927,000 as compared to $1,250,000,000 face value of the debt.At December 31, 2008, the fair value of the Companys fixed rate debt (based on Level 1 quoted market rates) was approximately $1,303,470,000 as compared to $1,381,109,000 face value of the debt. In order to mitigate the effect of exchange rate changes, the Company will often attempt to structure sales contracts to provide for collections from customers in the currency in which the Company incurs its manufacturing costs. In certain instances, the Company will enter into foreign currency forward contracts to hedge specific large anticipated receipts or disbursements in currencies for which the Company does not traditionally have

Note 19: Contingencies

Note 19: Contingencies
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Financial Statements [Abstract]
Contingencies	Note 19: Contingencies The Company is subject to a number of contingencies, including environmental matters, litigation and tax contingencies. Environmental Matters The Companys worldwide operations are subject to regulations with regard to air, soil and water quality as well as other environmental matters. The Company, through its environmental management system and active third-party audit program, believes it is in substantial compliance with these regulations. The Company is currently identified as a potentially responsible party (PRP) with respect to two sites designated for cleanup under the Comprehensive Environmental Response Compensation and Liability Act (CERCLA) or similar state laws. One of these sites is Osborne, Pennsylvania (a landfill into which a predecessor of the CS operation in Grove City, Pennsylvania deposited waste), where remediation is complete and remaining costs relate to ongoing ground water treatment and monitoring. The other is believed to be a de minimis exposure. The Company is also engaged in site cleanup under the Voluntary Cleanup Plan of the Texas Commission on Environmental Quality at former manufacturing locations in Houston and Missouri City, Texas. Additionally, the Company has discontinued operations at a number of other sites which had been active for many years. The Company does not believe, based upon information currently available, that there are any material environmental liabilities existing at these locations. At December 31, 2009, the Companys consolidated balance sheet included a noncurrent liability of approximately $7,329,000 for environmental matters. Legal Matters In 2001, the Company discovered that contaminated underground water from the former manufacturing site in Houston referenced above had migrated under an adjacent residential area. Pursuant to applicable state regulations, the Company notified the affected homeowners. Concerns over the impact on property values of the underground water contamination and its public disclosure led to a number of claims by homeowners.The Company has settled these claims, primarily as a result of a settlement of a class action lawsuit, and is obligated to reimburse 197 homeowners for any diminution in value of their property due to contamination concerns at the time of any sale. Recent testing results of monitoring wells on the southeastern border of the plume have caused the Company to notify 33 homeowners whose property is adjacent to the class area that their property may be affected.The Company is taking remedial measures to prevent these properties from being affected. The Company believes, based on its review of the facts and law, that any potential exposure from existing agreements as well as any possible new claims that may be filed with respect to this underground water contamination will not have a material adverse effect on its financial position or results of operations. The Companys consolidated balance sheet included a liability of approximately $13,701,000 for these matters as of December 31, 2009. The Company has been named as a defendant in a number of multi-defendant, multi-plaintiff tort lawsuits since 1995. A

Note 20: Unaudited Quarterly Op

Note 20: Unaudited Quarterly Operating Results
	12 Months Ended Dec. 31, 2009 USD / shares
Notes to Financial Statements [Abstract]
Unaudited Quarterly Operating Results	Note 20: Unaudited Quarterly Operating Results Unaudited quarterly operating results were as follows: 2009 (quarter ending) (dollars in thousands, except per share data) March 31, June 30, September 30, December 31, Revenues $ 1,257,023 $ 1,270,038 $ 1,231,791 $ 1,464,393 Revenues less cost of sales (exclusive of depreciation and amortization) $ 413,365 $ 429,254 $ 403,779 $ 436,741 Restructuring expense and acquisition related costs $ 22,316 $ 10,864 $ 5,853 $ 42,572 Net income $ 114,637 $ 138,604 $ 124,944 $ 97,334 Earnings per share: Basic $ 0.53 $ 0.64 $ 0.57 $ 0.42 Diluted $ 0.52 $ 0.62 $ 0.56 $ 0.41 2008 (quarter ending) (dollars in thousands, except per share data) March 31, June 30, September 30, December 31, Revenues $ 1,339,254 $ 1,480,633 $ 1,504,733 $ 1,524,257 Revenues less cost of sales (exclusive of depreciation and amortization) $ 373,895 $ 417,388 $ 453,907 $ 475,756 Charge for pension plan termination $ $ $ $ 26,196 Net income $ 122,981 $ 148,785 $ 162,980 $ 145,957 Earnings per share: Basic $ 0.57 $ 0.69 $ 0.75 $ 0.67 Diluted $ 0.53 $ 0.64 $ 0.71 $ 0.66

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts
	12 Months Ended Dec. 31, 2009 USD / shares
Schedule to Financial Statements [Abstract]
Valuation and Qualifying Accounts	Schedule II - Valuation and Qualifying Accounts (dollars in thousands) Additions Balance at beginning of period Charged to costs and expenses Charged to other accounts Deductions (a) Translation Balance at end of period YEAR ENDED DECEMBER 31, 2009: Allowance for doubtful accounts $ 9,648 $ 4,618 $ 4,812 $ (3,818 ) $ 559 $ 15,819 Allowance for obsolete and excess inventory $ 49,640 $ 15,204 $ (303 ) $ (7,306 ) $ 1,718 $ 58,953 YEAR ENDED DECEMBER 31, 2008: Allowance for doubtful accounts $ 8,244 $ 5,200 $ (843 ) $ (2,489 ) $ (464 ) $ 9,648 Allowance for obsolete and excess inventory $ 50,055 $ 7,874 $ 3,762 $ (7,474 ) $ (4,577 ) $ 49,640 YEAR ENDED DECEMBER 31, 2007: Allowance for doubtful accounts $ 7,303 $ 3,180 $ (1,562 ) $ (889 ) $ 212 $ 8,244 Allowance for obsolete and excess inventory $ 44,223 $ 13,361 $ 3,512 $ (13,396 ) $ 2,355 $ 50,055 ___________ (a) Write-offs of uncollectible receivables, deductions for collections of previously reserved receivables and write-offs of obsolete inventory.

Document Information

Document Information
	12 Months Ended Dec. 31, 2009 USD / shares
Document Information [Text Block]
Document Type	10-K
Amendment Flag	false
Document Period End Date	2009-12-31

Entity Information

Entity Information (USD $)
	12 Months Ended Dec. 31, 2009	Feb. 12, 2010	Jun. 30, 2009
Entity [Text Block]
Entity Registrant Name	CAMERON INTERNATIONAL CORP
Entity Central Index Key	0000941548
Current Fiscal Year End Date	--12-31
Entity Well Known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$5,041,455,418
Entity Common Stock Shares Outstanding		244,456,688