View Filing Data

OTHER INTANGIBLE ASSETS, NET

9 Months Ended

Sep. 30, 2024

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Intangible assets are generally the result of acquisitions and consist primarily of purchased technology and customer related intangibles. Intangible assets are amortized over useful lives that range between 1 to 20 years.

The following tables present the cumulative composition of the Corporation’s intangible assets:


	September 30, 2024						December 31, 2023
(In thousands)	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Technology	$	313,900	$	(207,777)	$	106,123	$	308,256	$	(195,446)	$	112,810
Customer related intangibles	684,155		(364,776)		319,379		670,966		(339,325)		331,641
Programs (1)	144,000		(46,800)		97,200		144,000		(41,400)		102,600
Other intangible assets	55,170		(45,475)		9,695		54,227		(43,666)		10,561
Total	$	1,197,225	$	(664,828)	$	532,397	$	1,177,449	$	(619,837)	$	557,612

(1) Programs include values assigned to major programs of acquired businesses and represent the aggregate value associated with the customer relationships, contracts, technology, and trademarks underlying the associated program.

During the nine months ended September 30, 2024, the Corporation acquired intangible assets of $18 million. The Corporation acquired Customer-related intangibles of $12 million, Technology of $5 million, and Other intangible assets of $1 million, which have weighted average amortization periods of 18 years, 15 years, and 4 years, respectively.

Total intangible amortization expense for the nine months ended September 30, 2024 was $43 million, as compared to $49 million in the comparable prior year period. The estimated future amortization expense of intangible assets over the next five years is as follows:


(In millions)
2024	$	57
2025	$	55
2026	$	54
2027	$	51
2028	$	45

Insider Trading Arrangements

3 Months Ended

9 Months Ended

Sep. 30, 2024

Trading Arrangements, by Individual

Material Terms of Trading Arrangement

During the quarter ended September 30, 2024, none of our directors or officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted, modified, or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as those terms are defined in Item 408 of Regulation S-K, except as described in the table below:

Name

Title

Action

Character of Trading Arrangement(1)

Adoption Date

Earliest Sale Date

Expiration Date(2)

Aggregate # of securities to be purchased or sold(3)

Lynn M. Bamford

Chair and Chief Executive Officer

Adoption

Rule 10b5-1 Trading Arrangement

September 9, 2024

December 11, 2024

March 31, 2025

Up to 7,129 shares to be sold

1.Except as indicated by footnote, the trading arrangement marked as a “Rule 10b5-1 Trading Arrangement” is intended to satisfy the affirmative defense of Rule 10b5-1(c), as amended.

2.The Rule 10b5-1 trading arrangement permits transactions through and including the earlier to occur of (a) the completion of all purchases or sales, (b) the date listed in the table, or (c) such date the trading arrangement is otherwise terminated according to its terms. The trading arrangements also provide for automatic expiration in the event of death, dissolution, bankruptcy, or insolvency of the adopting person.

3.The volume of sales is based on pricing triggers outlined in the Rule 10b5-1 trading Arrangement.

The 10b5-1 Trading Arrangement in the above table included a representation from the officer to the broker administering the plan that such individual (i) was not in possession of any material nonpublic information regarding the Company or the securities subject to the plan and (ii) the plan was entered into good faith and not as part of a plan or scheme to evade securities law. A similar representation was made to the Company in connection with the adoption of the plan. Those representations were made as of the date of adoption of the 10b5-1 plan and speak only as of that date. In making those representations, there is

no assurance with respect to any material nonpublic information of which the officer was unaware, or with respect to any material nonpublic information acquired by the officer or the Company after the date of the representation. Actual sale transactions will be disclosed publicly through Form 144 and Form 4 filings with the SEC, as required.

Non-Rule 10b5-1 Arrangement Adopted

false

Rule 10b5-1 Arrangement Terminated

false

Non-Rule 10b5-1 Arrangement Terminated

false

Lynn M. Bamford [Member]

Trading Arrangements, by Individual

Name

Lynn M. Bamford

Title

Chair and Chief Executive Officer

Rule 10b5-1 Arrangement Adopted

true

September 9, 2024

March 31, 2025

110 days

7,129

SEGMENT INFORMATION (Reconciliation) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting [Abstract]
Total operating income	$ 144,903	$ 132,519	$ 373,761	$ 323,909
Interest expense	(11,408)	(12,496)	(33,194)	(40,432)
Other income, net	10,126	7,023	28,294	22,744
Earnings before income taxes	$ 143,621	$ 127,046	$ 368,861	$ 306,221

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 7: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(11))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

- Definition

Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense.

+ References + Details

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net earnings	$ 287,126	$ 234,623
Adjustments to reconcile net earnings to net cash provided by operating activities
Depreciation and amortization	80,844	86,836
Loss on sale/disposal of long-lived assets	51	157
Deferred income taxes	(12,969)	(6,392)
Share-based compensation	15,164	13,213
Non-cash restructuring charges	3,049	0
Change in operating assets and liabilities, net of businesses acquired and divested:
Accounts receivable, net	(120,795)	(56,195)
Inventories, net	(71,683)	(56,632)
Accounts payable and accrued expenses	(15,206)	(42,020)
Deferred revenue	85,579	37,598
Net pension and postretirement liabilities	(13,218)	(14,128)
Other current and long-term assets and liabilities	5,034	(31,343)
Net cash provided by operating activities	242,976	165,717
Cash flows from investing activities:
Proceeds from sale/disposal of long-lived assets	1,206	464
Additions to property, plant, and equipment	(37,703)	(32,037)
Acquisition of business, net of cash acquired	(33,756)	0
Net cash used for investing activities	(70,253)	(31,573)
Cash flows from financing activities:
Borrowings under revolving credit facility	16,615	586,230
Payments of revolving credit facilities	(16,615)	(586,230)
Principal payments on debt	0	(202,500)
Repurchases of common stock	(137,580)	(37,366)
Proceeds from share-based compensation	11,345	10,583
Dividends paid	(15,707)	(14,950)
Proceeds from (Payments for) Other Financing Activities	(876)	(813)
Net cash used for financing activities	(142,818)	(245,046)
Effect of exchange-rate changes on cash	7,078	2,737
Net increase (decrease) in cash and cash equivalents	36,983	(108,165)
Cash and cash equivalents at beginning of period	406,867	256,974
Cash and cash equivalents at end of period	$ 443,850	$ 148,809

CONTINGENCIES AND COMMITMENTS	9 Months Ended
CONTINGENCIES AND COMMITMENTS	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES AND COMMITMENTS	CONTINGENCIES AND COMMITMENTS From time to time, the Corporation and its subsidiaries are involved in legal proceedings that are incidental to the operation of our business. Some of these proceedings allege damages relating to asbestos and environmental exposures, intellectual property matters, copyright infringement, personal injury claims, employment and employee benefit matters, government contract issues, commercial or contractual disputes, and acquisitions or divestitures. The Corporation continues to defend vigorously against all claims. Although the ultimate outcome of any legal matter cannot be predicted with certainty, based on present information, including assessment of the merits of the particular claim, as well as current accruals and insurance coverage, the Corporation does not expect that such legal proceedings will have a material adverse impact on its condensed consolidated financial statements. Legal Proceedings The Corporation has been named in a number of lawsuits that allege injury from exposure to asbestos. To date, the Corporation has not been found liable for or paid any material sum of money in settlement in any asbestos-related case. The Corporation believes its minimal use of asbestos in its past operations as well as its acquired businesses’ operations and the relatively non- friable condition of asbestos in its historical products makes it unlikely that it will face material liability in any asbestos litigation, whether individually or in the aggregate. The Corporation maintains insurance coverage and indemnification agreements for these potential liabilities and believes adequate coverage exists to cover any unanticipated asbestos liability. Letters of Credit and Other Financial Arrangements The Corporation enters into standby letters of credit agreements and guarantees with financial institutions and customers primarily relating to guarantees of repayment, future performance on certain contracts to provide products and services, and to secure advance payments from certain international customers. As of both September 30, 2024 and December 31, 2023, there was $20 million of stand-by letters of credit outstanding, respectively, and $13 million and $16 million of bank guarantees outstanding, respectively. In addition, the Corporation is required to provide the Nuclear Regulatory Commission financial assurance demonstrating its ability to cover the cost of decommissioning its Cheswick, Pennsylvania facility upon closure, though the Corporation does not intend to close this facility. The Corporation has provided this financial assurance in the form of a $35 million surety bond.

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			$ (213,223)	$ (258,916)	$ (258,916)
Other comprehensive income (loss) before reclassifications			(316)		45,737
Amounts reclassified from accumulated other comprehensive loss			10,111		(44)
Other comprehensive income (loss), net of tax	$ 30,060	$ (28,041)	9,795	5,500	45,693
Ending balance	(203,428)		(203,428)		(213,223)
Foreign Currency Translation Adjustments, Net [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(123,288)	(160,807)	(160,807)
Other comprehensive income (loss) before reclassifications			0		37,519
Amounts reclassified from accumulated other comprehensive loss			9,644		0
Other comprehensive income (loss), net of tax			9,644		37,519
Ending balance	(113,644)		(113,644)		(123,288)
Total Pension and Postretirement Adjustments, Net [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance			(89,935)	$ (98,109)	(98,109)
Other comprehensive income (loss) before reclassifications			(316)		8,218
Amounts reclassified from accumulated other comprehensive loss			467		(44)
Other comprehensive income (loss), net of tax			151		8,174
Ending balance	$ (89,784)		$ (89,784)		$ (89,935)

- Definition

Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.

+ References + Details

- Definition

Amount after tax, before reclassification adjustments of other comprehensive income (loss).

+ References + Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-17

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-4

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-SubTopic 10
-Topic 220
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482739/220-10-55-15

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

+ Details

- Definition

Amount after tax of reclassification adjustments of other comprehensive income (loss).

+ References + Details

EARNINGS PER SHARE (Table)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share Reconciliation

A reconciliation of basic to diluted shares used in the earnings per share calculation is as follows:


	Three Months Ended		Nine Months Ended
	September 30,		September 30,
(In thousands)	2024	2023	2024	2023
Basic weighted-average shares outstanding	38,208	38,285	38,245	38,301
Dilutive effect of deferred stock compensation	243	273	206	237
Diluted weighted-average shares outstanding	38,451	38,558	38,451	38,538

EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

EARNINGS PER SHARE

Diluted earnings per share was computed based on the weighted-average number of shares outstanding plus all potentially dilutive common shares. A reconciliation of basic to diluted shares used in the earnings per share calculation is as follows:


	Three Months Ended		Nine Months Ended
	September 30,		September 30,
(In thousands)	2024	2023	2024	2023
Basic weighted-average shares outstanding	38,208	38,285	38,245	38,301
Dilutive effect of deferred stock compensation	243	273	206	237
Diluted weighted-average shares outstanding	38,451	38,558	38,451	38,538

For the nine months ended September 30, 2024, approximately 33,000 shares issuable under equity-based awards were excluded from the calculation of diluted earnings per share as they were anti-dilutive based on the average stock price during the period. There were no anti-dilutive equity-based awards for the three months ended September 30, 2024. For the three and nine months ended September 30, 2023, there were approximately 5,000 and 16,000 anti-dilutive equity-based awards, respectively.

ACQUISITIONS - (Narrative) (Details) $ in Thousands			3 Months Ended		9 Months Ended
ACQUISITIONS - (Narrative) (Details) $ in Thousands	Jun. 03, 2024 USD ($)	Apr. 01, 2024 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) NumberAcquisitions	Sep. 30, 2023 USD ($)
Business Acquisition [Line Items]
Consideration for acquisitions					$ 34,000
Sales			$ 798,918	$ 724,326	2,296,876	$ 2,059,582
Net gains (losses)			$ 111,160	$ 96,778	$ 287,126	$ 234,623
WSC Inc.
Business Acquisition [Line Items]
Number of Businesses Acquired \| NumberAcquisitions					1
Consideration for acquisitions		$ 34,000
Sales					$ 6,000
Net gains (losses)					$ (1,000)
Ultra Nuclear Limited And Weed Instrument Co., Inc.
Business Acquisition [Line Items]
Consideration for acquisitions	$ 200,000

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-6

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-3

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-11

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-4

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-10

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section 45
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479105/946-220-45-7

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(9))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(1)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 23: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 60B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482689/260-10-45-60B

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-7

Reference 34: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

+ Details

GOODWILL

9 Months Ended

Sep. 30, 2024

Goodwill [Abstract]

GOODWILL

The Corporation accounts for acquisitions by assigning the purchase price to acquired tangible and intangible assets and liabilities assumed. Assets acquired and liabilities assumed are recorded at their fair values, and the excess of the purchase price over the amounts assigned is recorded as goodwill.

The changes in the carrying amount of goodwill for the nine months ended September 30, 2024 are as follows:


(In thousands)	Aerospace & Industrial		Defense Electronics		Naval & Power		Consolidated
December 31, 2023	$	325,131	$	710,378	$	523,317	$	1,558,826
Acquisitions	—		—		19,971		19,971
Foreign currency translation adjustment	2,724		1,820		107		4,651
September 30, 2024	$	327,855	$	712,198	$	543,395	$	1,583,448

SEGMENT INFORMATION (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
SEGMENT INFORMATION (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Net sales	$ 798,918	$ 724,326	$ 2,296,876	$ 2,059,582
Operating income (expense)	144,903	132,519	373,761	323,909
Identifiable assets	4,885,738		4,885,738		$ 4,620,969
Operating Segments \| Aerospace & Industrial
Segment Reporting Information [Line Items]
Net sales	229,043	220,700	682,181	651,052
Operating income (expense)	37,435	39,014	100,147	101,224
Identifiable assets	1,166,546		1,166,546		1,077,808
Operating Segments \| Defense Electronics
Segment Reporting Information [Line Items]
Net sales	243,695	216,775	685,388	578,252
Operating income (expense)	63,639	56,212	169,964	122,760
Identifiable assets	1,525,531		1,525,531		1,517,877
Operating Segments \| Naval & Power
Segment Reporting Information [Line Items]
Net sales	327,412	288,002	932,831	835,547
Operating income (expense)	53,039	47,663	134,513	132,382
Identifiable assets	1,635,287		1,635,287		1,496,063
Corporate, Non-Segment [Member]
Segment Reporting Information [Line Items]
Operating income (expense)	(9,210)	(10,370)	(30,863)	(32,457)
Identifiable assets	558,374		558,374		$ 529,221
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	$ (1,232)	$ (1,151)	$ (3,524)	$ (5,269)

GOODWILL (Table)

9 Months Ended

Sep. 30, 2024

Goodwill [Abstract]

Schedule Of Goodwill

The changes in the carrying amount of goodwill for the nine months ended September 30, 2024 are as follows:


(In thousands)	Aerospace & Industrial		Defense Electronics		Naval & Power		Consolidated
December 31, 2023	$	325,131	$	710,378	$	523,317	$	1,558,826
Acquisitions	—		—		19,971		19,971
Foreign currency translation adjustment	2,724		1,820		107		4,651
September 30, 2024	$	327,855	$	712,198	$	543,395	$	1,583,448

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details

ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for the acquisition consummated during the nine months ended September 30, 2024.


(In thousands)	2024
Accounts receivable	$	3,203
Other current and non-current assets	200
Intangible assets	17,900
Operating lease right-of-use assets, net	1,516
Current and non-current liabilities	(4,918)
Deferred income taxes	(4,116)
Net tangible and intangible assets	13,785
Goodwill	19,971
Total purchase price	$	33,756

Goodwill deductible for tax purposes	$	—

BASIS OF PRESENTATION	9 Months Ended
BASIS OF PRESENTATION	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Curtiss-Wright Corporation along with its subsidiaries (we, the Corporation, or the Company) is a global integrated business that provides highly engineered products, solutions, and services mainly to aerospace & defense (A&D) markets, as well as critical technologies in demanding commercial power, process, and industrial markets. The unaudited condensed consolidated financial statements include the accounts of Curtiss-Wright and its majority-owned subsidiaries. All intercompany transactions and accounts have been eliminated. The unaudited condensed consolidated financial statements of the Corporation have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in annual financial statements have been condensed or omitted as permitted by such rules and regulations. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments necessary for a fair presentation of these financial statements. Management is required to make estimates and judgments that affect the reported amount of assets, liabilities, revenue, and expenses and disclosure of contingent assets and liabilities in the accompanying financial statements. Actual results may differ from these estimates. The most significant of these estimates includes the estimate of costs to complete using the over-time revenue recognition accounting method, pension plan and postretirement obligation assumptions, estimates for inventory obsolescence, fair value estimates around assets and assumed liabilities from acquisitions, estimates for the valuation and useful lives of intangible assets, legal reserves, and the estimate of future environmental costs. Changes in estimates of contract sales, costs, and profits are recognized using the cumulative catch-up method of accounting. This method recognizes in the current period the cumulative effect of the changes on current and prior periods. Accordingly, the effect of the changes on future periods of contract performance is recognized as if the revised estimate had been the original estimate. During the three and nine months ended September 30, 2024 and 2023, there were no material changes in estimated contract costs. In the opinion of management, all adjustments considered necessary for a fair presentation have been reflected in these financial statements. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Corporation’s 2023 Annual Report on Form 10-K. The results of operations for interim periods are not necessarily indicative of trends or of the operating results for a full year. New Accounting Pronouncements Not Yet Adopted In November 2023, the Financial Accounting Standards Board ("FASB") issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”), which requires disclosure of significant reportable segment expenses that are regularly provided to the chief operating decision-maker ("CODM") and included within the Corporation's measure of segment profit or loss. ASU 2023-07 also requires that all disclosures around segment profit or loss and assets be provided on both an annual and interim basis. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. ASU 2023-07 is required to be applied on a retrospective basis for all periods presented. The Corporation is currently evaluating the impact of adopting this standard on its financial statements, but does not expect it to have a material impact on its consolidated financial position, results of operations, or cash flows.

GOODWILL (Detail) $ in Thousands	9 Months Ended
GOODWILL (Detail) $ in Thousands	Sep. 30, 2024 USD ($)
Goodwill [Roll Forward]
December 31, 2023	$ 1,558,826
Acquisitions	19,971
Foreign currency translation adjustment	4,651
September 30, 2024	1,583,448
Aerospace & Industrial
Goodwill [Roll Forward]
December 31, 2023	325,131
Acquisitions	0
Foreign currency translation adjustment	2,724
September 30, 2024	327,855
Defense Electronics
Goodwill [Roll Forward]
December 31, 2023	710,378
Acquisitions	0
Foreign currency translation adjustment	1,820
September 30, 2024	712,198
Naval & Power
Goodwill [Roll Forward]
December 31, 2023	523,317
Acquisitions	19,971
Foreign currency translation adjustment	107
September 30, 2024	$ 543,395

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482598/350-20-45-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(10)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

+ Details

SEGMENT INFORMATION (Table)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule Of Segment Reporting Information By Segment

Net sales and operating income by reportable segment were as follows:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In thousands)	2024		2023		2024		2023
Net sales
Aerospace & Industrial	$	229,043	$	220,700	$	682,181	$	651,052
Defense Electronics	243,695		216,775		685,388		578,252
Naval & Power	327,412		288,002		932,831		835,547
Less: Intersegment revenues	(1,232)		(1,151)		(3,524)		(5,269)
Total consolidated	$	798,918	$	724,326	$	2,296,876	$	2,059,582

Operating income (expense)
Aerospace & Industrial	$	37,435	$	39,014	$	100,147	$	101,224
Defense Electronics	63,639		56,212		169,964		122,760
Naval & Power	53,039		47,663		134,513		132,382
Corporate and other (1)	(9,210)		(10,370)		(30,863)		(32,457)
Total consolidated	$	144,903	$	132,519	$	373,761	$	323,909

(1) Includes pension and other postretirement benefit expense, certain environmental costs related to remediation at legacy sites, and certain other expenses.

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

Adjustments to reconcile operating income to earnings before income taxes are as follows:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In thousands)	2024		2023		2024		2023
Total operating income	$	144,903	$	132,519	$	373,761	$	323,909
Interest expense	11,408		12,496		33,194		40,432
Other income, net	10,126		7,023		28,294		22,744
Earnings before income taxes	$	143,621	$	127,046	$	368,861	$	306,221

Reconciliation Of Assets From Segment To Consolidated


(In thousands)	September 30, 2024		December 31, 2023
Identifiable assets
Aerospace & Industrial	$	1,166,546	$	1,077,808
Defense Electronics	1,525,531		1,517,877
Naval & Power	1,635,287		1,496,063
Corporate and Other	558,374		529,221
Total consolidated	$	4,885,738	$	4,620,969

RECEIVABLES (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Billed receivables:
Trade and other receivables	$ 510,175	$ 427,830
Unbilled receivables:
Recoverable costs and estimated earnings not billed	352,500	309,561
Less: Progress payments applied	0	(687)
Net unbilled receivables	352,500	308,874
Less: Allowance for doubtful accounts	(5,061)	(4,026)
Receivables, net	$ 857,614	$ 732,678

RECEIVABLES (Table)

9 Months Ended

Sep. 30, 2024

Receivables [Abstract]

Schedule Of Accounts Notes Loans And Financing Receivable

The composition of receivables is as follows:


(In thousands)	September 30, 2024		December 31, 2023
Billed receivables:
Trade and other receivables	$	510,175	$	427,830
Unbilled receivables (contract assets):
Recoverable costs and estimated earnings not billed	352,500		309,561
Less: Progress payments applied	—		(687)
Net unbilled receivables	352,500		308,874
Less: Allowance for doubtful accounts	(5,061)		(4,026)
Receivables, net	$	857,614	$	732,678

RECEIVABLES

9 Months Ended

Sep. 30, 2024

Receivables [Abstract]

RECEIVABLES

Receivables primarily include amounts billed to customers, unbilled charges on long-term contracts consisting of amounts recognized as sales but not billed, and other receivables. Substantially all amounts of unbilled receivables are expected to be billed and collected within one year. An immaterial amount of unbilled receivables are subject to retainage provisions. The amount of claims and unapproved change orders within our receivables balances are immaterial.

The composition of receivables is as follows:


(In thousands)	September 30, 2024		December 31, 2023
Billed receivables:
Trade and other receivables	$	510,175	$	427,830
Unbilled receivables (contract assets):
Recoverable costs and estimated earnings not billed	352,500		309,561
Less: Progress payments applied	—		(687)
Net unbilled receivables	352,500		308,874
Less: Allowance for doubtful accounts	(5,061)		(4,026)
Receivables, net	$	857,614	$	732,678

OTHER INTANGIBLE ASSETS, NET (Table)

9 Months Ended

Sep. 30, 2024

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule Of Intangible Assets By Major Class

The following tables present the cumulative composition of the Corporation’s intangible assets:


	September 30, 2024						December 31, 2023
(In thousands)	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Technology	$	313,900	$	(207,777)	$	106,123	$	308,256	$	(195,446)	$	112,810
Customer related intangibles	684,155		(364,776)		319,379		670,966		(339,325)		331,641
Programs (1)	144,000		(46,800)		97,200		144,000		(41,400)		102,600
Other intangible assets	55,170		(45,475)		9,695		54,227		(43,666)		10,561
Total	$	1,197,225	$	(664,828)	$	532,397	$	1,177,449	$	(619,837)	$	557,612

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

The estimated future amortization expense of intangible assets over the next five years is as follows:


(In millions)
2024	$	57
2025	$	55
2026	$	54
2027	$	51
2028	$	45

FAIR VALUE OF FINANCIAL INSTRUMENTS (Debt) (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 1,049,302	$ 1,050,362
Total debt	1,047,500	1,047,500
Debt issuance costs, net	(1,379)	(1,541)
Unamortized interest rate swap proceeds	3,181	4,403
Estimated Fair Value	996,720	977,597
3.85% Senior notes due 2025
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	90,000	90,000
Estimated Fair Value	$ 89,592	88,243
Debt Instrument, Interest Rate, Stated Percentage	3.85%
4.24% Senior notes due 2026
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 200,000	200,000
Estimated Fair Value	$ 198,030	195,556
Debt Instrument, Interest Rate, Stated Percentage	4.24%
4.05% Senior notes due 2028
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 67,500	67,500
Estimated Fair Value	$ 65,925	64,801
Debt Instrument, Interest Rate, Stated Percentage	4.05%
4.11% Senior notes due 2028
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 90,000	90,000
Estimated Fair Value	$ 87,597	85,999
Debt Instrument, Interest Rate, Stated Percentage	4.11%
3.10% Senior notes due 2030
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 150,000	150,000
Estimated Fair Value	$ 136,032	131,942
Debt Instrument, Interest Rate, Stated Percentage	3.10%
3.20% Senior notes due 2032
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 150,000	150,000
Estimated Fair Value	$ 131,372	127,649
Debt Instrument, Interest Rate, Stated Percentage	3.20%
4.49% Senior notes due 2032
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 200,000	200,000
Estimated Fair Value	$ 191,392	187,584
Debt Instrument, Interest Rate, Stated Percentage	4.49%
4.64% Senior notes due 2034
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Carrying Value	$ 100,000	100,000
Estimated Fair Value	$ 94,978	92,961
Debt Instrument, Interest Rate, Stated Percentage	4.64%
Long-term Debt, Gross
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Estimated Fair Value	$ 994,918	$ 974,735

RESTRUCTURING COSTS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Restructuring and Related Activities [Abstract]
Total restructuring charges	$ 3,288	$ 7,600

RESTRUCTURING COSTS

9 Months Ended

Sep. 30, 2024

Restructuring and Related Activities [Abstract]

RESTRUCTURING COSTS

During the three and nine months ended September 30, 2024, the Corporation executed restructuring activities across all of its segments to support its ongoing effort of improving operating efficiency ("2024 Restructuring Program"). These activities, which primarily include workforce reductions, consolidation of facilities, and costs related to legal entity restructuring, resulted in pre-tax charges of approximately $3.3 million and $7.6 million for the three and nine months ended September 30, 2024. The Company anticipates that these actions will be substantially completed by June 30, 2025.

The following tables summarize the respective balances related to these restructuring activities by both reportable segment as well as on a consolidated basis:


In thousands	Restructuring Liability as of December 31, 2023		Provision		Cash Payments		Restructuring Liability as of September 30, 2024
Aerospace & Industrial
Severance	$	—	$	946	$	(946)	$	—
Facility closure and other costs	—		1,410		(1,281)		129
Total Aerospace & Industrial	$	—	$	2,356	$	(2,227)	$	129

Defense Electronics
Severance	$	—	$	510	$	(395)	$	115
Facility closure and other costs	—		—		—		—
Total Defense Electronics	$	—	$	510	$	(395)	$	115

Naval & Power
Severance	$	—	$	120	$	(120)	$	—
Facility closure and other costs	—		—		—		—
Total Naval & Power	$	—	$	120	$	(120)	$	—

Consolidated (including Corporate)
Severance	$	—	$	1,576	$	(1,461)	$	115
Facility closure and other costs	—		2,975		(2,079)		896
Total consolidated	$	—	$	4,551	$	(3,540)	$	1,011

A reconciliation of total pre-tax restructuring charges is as follows:


	Affected line item in the Condensed Consolidated Statement of Earnings
		Three months ended		Nine months ended
(In thousands)		September 30, 2024		September 30, 2024
Inventory write-downs	Cost of product sales	$	8	$	1,402

Severance, facility closure, and other costs	Restructuring expenses	1,633		4,551
Property, plant, and equipment & operating lease right of use asset impairments	Restructuring expenses	1,647		1,647
		$	3,280	$	6,198
Total restructuring charges	Earnings before income taxes	$	3,288	$	7,600

There were no such comparable charges for the three or nine months ended September 30, 2023.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Sep. 30, 2024

Sep. 30, 2023

Sep. 30, 2024

Sep. 30, 2023

Statement of Comprehensive Income [Abstract]

Net earnings

$ 111,160

$ 96,778

$ 287,126

$ 234,623

Other Comprehensive Income (Loss)

Foreign currency translation, net of tax

^[1]

30,667

(28,276)

9,644

5,688

Pension and postretirement adjustments, net of tax

^[1]

(607)

235

151

(188)

Other comprehensive income (loss), net of tax

30,060

(28,041)

9,795

5,500

Comprehensive income

$ 141,220

$ 68,737

$ 296,921

$ 240,123

[1]	The tax benefit (expense) included in foreign currency translation adjustments and pension and postretirement adjustments for the three and nine months ended September 30, 2024 and September 30, 2023 was immaterial.

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

+ Details

EARNINGS PER SHARE (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
EARNINGS PER SHARE (Detail) - shares shares in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share Reconciliation [Abstract]
Basic weighted-average shares outstanding (shares)	38,208	38,285	38,245	38,301
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	243	273	206	237
Diluted weighted-average shares outstanding (shares)	38,451	38,558	38,451	38,538

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 443,850	$ 406,867
Receivables, net	857,614	732,678
Inventories, net	582,584	510,033
Other current assets	68,035	67,502
Total current assets	1,952,083	1,717,080
Property, plant, and equipment, net	330,292	332,796
Goodwill	1,583,448	1,558,826
Other intangible assets, net	532,397	557,612
Operating lease right-of-use assets, net	156,613	141,435
Prepaid pension asset	279,212	261,869
Other assets	51,693	51,351
Total assets	4,885,738	4,620,969
Current liabilities:
Current portion of long-term debt	90,000	0
Accounts payable	222,542	243,833
Accrued expenses	194,414	188,039
Deferred revenue	392,330	303,872
Other current liabilities	87,369	70,800
Total current liabilities	986,655	806,544
Long-term debt	959,302	1,050,362
Deferred tax liabilities, net	124,186	132,319
Accrued pension and other postretirement benefit costs	68,159	66,875
Long-term operating lease liability	134,866	118,611
Long-term portion of environmental reserves	14,661	12,784
Other liabilities	107,490	105,061
Total liabilities	2,395,319	2,292,556
Stockholders' Equity
Common stock, $1 par value, 100,000,000 shares authorized as of September 30, 2024 and December 31, 2023; 49,187,378 shares issued as of September 30, 2024 and December 31, 2023; outstanding shares were 37,960,122 as of September 30, 2024 and 38,202,754 as of December 31, 2023	49,187	49,187
Additional paid in capital	144,394	140,182
Retained earnings	3,751,183	3,487,751
Accumulated other comprehensive loss	(203,428)	(213,223)
Common treasury stock, at cost (11,227,256 shares as of September 30, 2024 and 10,984,624 shares as of December 31, 2023)	(1,250,917)	(1,135,484)
Total stockholders’ equity	2,490,419	2,328,413
Total liabilities and stockholders’ equity	$ 4,885,738	$ 4,620,969

OTHER INTANGIBLE ASSETS, NET (Schedule of Estimated Future Amortization Expense of Intangible Assets) (Detail) $ in Millions	Sep. 30, 2024 USD ($)
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Future amortization expense in remainder of fiscal year	$ 57.0
Future amortization expense in year one	55.0
Future amortization expense in year two	54.0
Future amortization expense in year three	51.0
Future amortization expense in year four	$ 45.0

FAIR VALUE OF FINANCIAL INSTRUMENTS (Table)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]

The fair values described below may not be indicative of net realizable value or

reflective of future fair values. Furthermore, the use of different methodologies to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date.


	September 30, 2024				December 31, 2023
(In thousands)	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
3.85% Senior notes due 2025	$	90,000	$	89,592	$	90,000	$	88,243
4.24% Senior notes due 2026	200,000		198,030		200,000		195,556
4.05% Senior notes due 2028	67,500		65,925		67,500		64,801
4.11% Senior notes due 2028	90,000		87,597		90,000		85,999
3.10% Senior notes due 2030	150,000		136,032		150,000		131,942
3.20% Senior notes due 2032	150,000		131,372		150,000		127,649
4.49% Senior notes due 2032	200,000		191,392		200,000		187,584
4.64% Senior notes due 2034	100,000		94,978		100,000		92,961
Total debt	1,047,500		994,918		1,047,500		974,735
Debt issuance costs, net	(1,379)		(1,379)		(1,541)		(1,541)
Unamortized interest rate swap proceeds	3,181		3,181		4,403		4,403
Total debt, net	$	1,049,302	$	996,720	$	1,050,362	$	977,597

RESTRUCTURING COSTS (Tables)

9 Months Ended

Sep. 30, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve Activities

The following tables summarize the respective balances related to these restructuring activities by both reportable segment as well as on a consolidated basis:


In thousands	Restructuring Liability as of December 31, 2023		Provision		Cash Payments		Restructuring Liability as of September 30, 2024
Aerospace & Industrial
Severance	$	—	$	946	$	(946)	$	—
Facility closure and other costs	—		1,410		(1,281)		129
Total Aerospace & Industrial	$	—	$	2,356	$	(2,227)	$	129

Defense Electronics
Severance	$	—	$	510	$	(395)	$	115
Facility closure and other costs	—		—		—		—
Total Defense Electronics	$	—	$	510	$	(395)	$	115

Naval & Power
Severance	$	—	$	120	$	(120)	$	—
Facility closure and other costs	—		—		—		—
Total Naval & Power	$	—	$	120	$	(120)	$	—

Consolidated (including Corporate)
Severance	$	—	$	1,576	$	(1,461)	$	115
Facility closure and other costs	—		2,975		(2,079)		896
Total consolidated	$	—	$	4,551	$	(3,540)	$	1,011

Schedule of Pre-tax Restructuring Charges

A reconciliation of total pre-tax restructuring charges is as follows:


	Affected line item in the Condensed Consolidated Statement of Earnings
		Three months ended		Nine months ended
(In thousands)		September 30, 2024		September 30, 2024
Inventory write-downs	Cost of product sales	$	8	$	1,402

Severance, facility closure, and other costs	Restructuring expenses	1,633		4,551
Property, plant, and equipment & operating lease right of use asset impairments	Restructuring expenses	1,647		1,647
		$	3,280	$	6,198
Total restructuring charges	Earnings before income taxes	$	3,288	$	7,600

PENSION PLANS (Narrative) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
PENSION PLANS (Narrative) (Detail) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Employer Contribution, Percentage, Maximum			7.00%
Defined Contribution Plan, Cost	$ 5.7	$ 5.2	$ 20.0	$ 17.4

Cover Page - shares	9 Months Ended
Cover Page - shares	Sep. 30, 2024	Oct. 29, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	1-134
Entity Registrant Name	CURTISS-WRIGHT CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-0612970
Entity Address, Address Line One	130 Harbour Place Drive, Suite 300
Entity Address, City or Town	Davidson,
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28036
City Area Code	704
Local Phone Number	869-4600
Title of 12(b) Security	Common Stock
Trading Symbol	CW
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Small Business	false
Emerging Company	false
Entity Shell Company	false
Entity common stock shares outstanding		37,948,183
Entity Central Index Key	0000026324
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Sep. 30, 2024

Stockholders' Equity Note [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The cumulative balance of each component of accumulated other comprehensive income (AOCI), net of tax, is as follows:


(In thousands)	Foreign currency translation adjustments, net		Total pension and postretirement adjustments, net		Accumulated other comprehensive income (loss)
December 31, 2022	$	(160,807)	$	(98,109)	$	(258,916)
Other comprehensive income (loss) before reclassifications (1)	37,519		8,218		45,737
Amounts reclassified from accumulated other comprehensive income (1)	—		(44)		(44)
Net current period other comprehensive income (loss)	37,519		8,174		45,693
December 31, 2023	$	(123,288)	$	(89,935)	$	(213,223)
Other comprehensive income (loss) before reclassifications (1)	—		(316)		(316)
Amounts reclassified from accumulated other comprehensive income (1)	9,644		467		10,111
Net current period other comprehensive income	9,644		151		9,795
September 30, 2024	$	(113,644)	$	(89,784)	$	(203,428)

(1) All amounts are after tax.

FAIR VALUE OF FINANCIAL INSTRUMENTS

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

FAIR VALUE OF FINANCIAL INSTRUMENTS

Interest Rate Risks and Related Strategies

The Corporation’s primary interest rate exposure results from changes in U.S. dollar interest rates.

Debt

The estimated fair value amounts were determined by the Corporation using available market information that is primarily based on quoted market prices for the same or similar issuances as of September 30, 2024. Accordingly, all of the Corporation’s debt is valued as a Level 2 financial instrument. The fair values described below may not be indicative of net realizable value or


	September 30, 2024				December 31, 2023
(In thousands)	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
3.85% Senior notes due 2025	$	90,000	$	89,592	$	90,000	$	88,243
4.24% Senior notes due 2026	200,000		198,030		200,000		195,556
4.05% Senior notes due 2028	67,500		65,925		67,500		64,801
4.11% Senior notes due 2028	90,000		87,597		90,000		85,999
3.10% Senior notes due 2030	150,000		136,032		150,000		131,942
3.20% Senior notes due 2032	150,000		131,372		150,000		127,649
4.49% Senior notes due 2032	200,000		191,392		200,000		187,584
4.64% Senior notes due 2034	100,000		94,978		100,000		92,961
Total debt	1,047,500		994,918		1,047,500		974,735
Debt issuance costs, net	(1,379)		(1,379)		(1,541)		(1,541)
Unamortized interest rate swap proceeds	3,181		3,181		4,403		4,403
Total debt, net	$	1,049,302	$	996,720	$	1,050,362	$	977,597

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net earnings	$ 111,160	$ 96,778	$ 287,126	$ 234,623

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

CONTINGENCIES AND COMMITMENTS (Detail) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023
Standby Letters Of Credit [Member]
Loss Contingencies [Line Items]
Letters of credit, outstanding	$ 20.0
FinancialStandbyLetterOfCreditMember
Loss Contingencies [Line Items]
Letters of credit, outstanding	13.0	$ 16.0
Surety Bond [Member]
Loss Contingencies [Line Items]
Surety Bond Outstanding	$ 35.0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)
$ in Thousands

Total

Common Stock

Additional Paid in Capital

Retained Earnings

Accumulated Other Comprehensive Income (Loss)

Treasury Stock

Beginning Balance at Dec. 31, 2022

$ 49,187

$ 134,553

$ 3,163,491

$ (258,916)

$ (1,107,101)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net earnings

$ 234,623

234,623

Other comprehensive income, net of tax

5,500

Dividends paid

(22,612)

Restricted stock

(13,878)

13,878

Employee stock purchase plan

3,312

7,271

Share-based compensation

12,884

329

Repurchases of common stock

^[1]

(37,366)

Other

(261)

261

Ending Balance at Sep. 30, 2023

49,187

136,610

3,375,502

(253,416)

(1,122,728)

Beginning Balance at Dec. 31, 2022

49,187

134,553

3,163,491

(258,916)

(1,107,101)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Other comprehensive income, net of tax

45,693

Ending Balance at Dec. 31, 2023

2,328,413

49,187

140,182

3,487,751

(213,223)

(1,135,484)

Beginning Balance at Jun. 30, 2023

49,187

130,846

3,286,376

(225,375)

(1,113,675)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net earnings

96,778

Other comprehensive income, net of tax

(28,041)

Dividends paid

(7,652)

Employee stock purchase plan

1,829

3,529

Share-based compensation

3,935

419

Repurchases of common stock

^[1]

(13,001)

Ending Balance at Sep. 30, 2023

49,187

136,610

3,375,502

(253,416)

(1,122,728)

Beginning Balance at Dec. 31, 2023

2,328,413

49,187

140,182

3,487,751

(213,223)

(1,135,484)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net earnings

287,126

Other comprehensive income, net of tax

9,795

Dividends paid

(23,694)

Restricted stock

(13,944)

13,944

Employee stock purchase plan

5,714

5,631

Share-based compensation

14,934

230

Repurchases of common stock

^[1]

(137,580)

Other

(2,492)

2,342

Ending Balance at Sep. 30, 2024

2,490,419

49,187

144,394

3,751,183

(203,428)

(1,250,917)

Beginning Balance at Jun. 30, 2024

49,187

135,574

3,648,005

(233,488)

(1,140,858)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net earnings

111,160

Other comprehensive income, net of tax

30,060

Dividends paid

(7,982)

Restricted stock

(65)

Employee stock purchase plan

3,230

2,643

Share-based compensation

5,683

Repurchases of common stock

^[1]

(112,784)

Other

(28)

Ending Balance at Sep. 30, 2024

$ 2,490,419

$ 49,187

$ 144,394

$ 3,751,183

$ (203,428)

$ (1,250,917)

[1]

For the three and nine months ended September 30, 2024, the Corporation repurchased approximately 356,000 and 455,000 shares of its common stock, respectively. For the three and nine months ended September 30, 2023, the Corporation repurchased approximately 64,000 and 209,000 shares of its common stock, respectively.

PENSION PLANS (Detail) - Pension Plans Defined Benefit [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 4,063	$ 4,167	$ 12,615	$ 12,431
Interest cost	8,513	8,665	25,691	26,266
Expected return on plan assets	(16,356)	(15,582)	(49,447)	(47,260)
Amortization of prior service cost	(8)	(34)	(23)	(100)
Amortization of unrecognized actuarial loss	104	(89)	636	64
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Total	$ (3,684)	$ (2,873)	$ (10,528)	$ (8,599)

RESTRUCTURING COSTS - Schedule of Restructuring Reserve Activities (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Restructuring Reserve [Roll Forward]
Restructuring Liability, Beginning Balance	$ 0
Provision	4,551
Cash Payments	(3,540)
Restructuring Liability, Ending Balance	1,011
Aerospace & Industrial
Restructuring Reserve [Roll Forward]
Restructuring Liability, Beginning Balance	0
Provision	2,356
Cash Payments	(2,227)
Restructuring Liability, Ending Balance	129
Defense Electronics
Restructuring Reserve [Roll Forward]
Restructuring Liability, Beginning Balance	0
Provision	510
Cash Payments	(395)
Restructuring Liability, Ending Balance	115
Naval & Power
Restructuring Reserve [Roll Forward]
Restructuring Liability, Beginning Balance	0
Provision	120
Cash Payments	(120)
Restructuring Liability, Ending Balance	0
Severance
Restructuring Reserve [Roll Forward]
Restructuring Liability, Beginning Balance	0
Provision	1,576
Cash Payments	(1,461)
Restructuring Liability, Ending Balance	115
Severance \| Aerospace & Industrial
Restructuring Reserve [Roll Forward]
Restructuring Liability, Beginning Balance	0
Provision	946
Cash Payments	(946)
Restructuring Liability, Ending Balance	0
Severance \| Defense Electronics
Restructuring Reserve [Roll Forward]
Restructuring Liability, Beginning Balance	0
Provision	510
Cash Payments	(395)
Restructuring Liability, Ending Balance	115
Severance \| Naval & Power
Restructuring Reserve [Roll Forward]
Restructuring Liability, Beginning Balance	0
Provision	120
Cash Payments	(120)
Restructuring Liability, Ending Balance	0
Facility closure and other costs
Restructuring Reserve [Roll Forward]
Restructuring Liability, Beginning Balance	0
Provision	2,975
Cash Payments	(2,079)
Restructuring Liability, Ending Balance	896
Facility closure and other costs \| Aerospace & Industrial
Restructuring Reserve [Roll Forward]
Restructuring Liability, Beginning Balance	0
Provision	1,410
Cash Payments	(1,281)
Restructuring Liability, Ending Balance	129
Facility closure and other costs \| Defense Electronics
Restructuring Reserve [Roll Forward]
Restructuring Liability, Beginning Balance	0
Provision	0
Cash Payments	0
Restructuring Liability, Ending Balance	0
Facility closure and other costs \| Naval & Power
Restructuring Reserve [Roll Forward]
Restructuring Liability, Beginning Balance	0
Provision	0
Cash Payments	0
Restructuring Liability, Ending Balance	$ 0

OTHER INTANGIBLE ASSETS, NET - (Narrative) (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Finite Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 18.0
Amortization expense	43.0	$ 49.0
Customer related intangibles
Finite Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 12.0
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	18 years
Technology
Finite Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 5.0
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	15 years
Other intangible assets
Finite Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 1.0
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	4 years
Minimum
Finite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	1 year
Maximum
Finite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Table)

9 Months Ended

Sep. 30, 2024

Stockholders' Equity Note [Abstract]

Schedule of Comprehensive Income (Loss)

The cumulative balance of each component of accumulated other comprehensive income (AOCI), net of tax, is as follows:


(In thousands)	Foreign currency translation adjustments, net		Total pension and postretirement adjustments, net		Accumulated other comprehensive income (loss)
December 31, 2022	$	(160,807)	$	(98,109)	$	(258,916)
Other comprehensive income (loss) before reclassifications (1)	37,519		8,218		45,737
Amounts reclassified from accumulated other comprehensive income (1)	—		(44)		(44)
Net current period other comprehensive income (loss)	37,519		8,174		45,693
December 31, 2023	$	(123,288)	$	(89,935)	$	(213,223)
Other comprehensive income (loss) before reclassifications (1)	—		(316)		(316)
Amounts reclassified from accumulated other comprehensive income (1)	9,644		467		10,111
Net current period other comprehensive income	9,644		151		9,795
September 30, 2024	$	(113,644)	$	(89,784)	$	(203,428)

(1) All amounts are after tax.

PENSION PLANS (Table)

9 Months Ended

Sep. 30, 2024

Retirement Benefits, Description [Abstract]

Schedule Of Defined Benefit Plans Disclosures

The components of net periodic pension cost for the three and nine months ended September 30, 2024 and 2023 were as follows:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In thousands)	2024		2023		2024		2023
Service cost	$	4,063	$	4,167	$	12,615	$	12,431
Interest cost	8,513		8,665		25,691		26,266
Expected return on plan assets	(16,356)		(15,582)		(49,447)		(47,260)
Amortization of prior service cost	(8)		(34)		(23)		(100)
Amortization of unrecognized actuarial loss	104		(89)		636		64
Net periodic pension cost	$	(3,684)	$	(2,873)	$	(10,528)	$	(8,599)

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net Sales
Sales	$ 798,918	$ 724,326	$ 2,296,876	$ 2,059,582
Cost of sales
Total cost of sales	500,655	442,858	1,460,757	1,297,133
Gross profit	298,263	281,468	836,119	762,449
Research and development expenses	20,734	23,464	65,866	65,698
Selling expenses	37,311	34,084	109,202	100,782
General and administrative expenses	92,035	91,401	281,092	272,060
Restructuring expenses	3,280		6,198	0
Operating income	144,903	132,519	373,761	323,909
Interest expense	(11,408)	(12,496)	(33,194)	(40,432)
Other income, net	10,126	7,023	28,294	22,744
Earnings before income taxes	143,621	127,046	368,861	306,221
Provision for income taxes	(32,461)	(30,268)	(81,735)	(71,598)
Net earnings	$ 111,160	$ 96,778	$ 287,126	$ 234,623
Basic earnings per share
Basic earnings per share (usd per share)	$ 2.91	$ 2.53	$ 7.51	$ 6.13
Diluted earnings per share
Diluted earnings per share (usd per share)	2.89	2.51	7.47	6.09
Dividends per share	$ 0.21	$ 0.20	$ 0.62	$ 0.59
Weighted average shares outstanding:
Basic (shares)	38,208	38,285	38,245	38,301
Diluted (shares)	38,451	38,558	38,451	38,538
Product [Member]
Net Sales
Sales	$ 684,216	$ 613,915	$ 1,941,327	$ 1,721,832
Cost of sales
Cost of Goods and Services Sold	434,370	380,163	1,252,773	1,093,469
Service [Member]
Net Sales
Sales	114,702	110,411	355,549	337,750
Cost of sales
Cost of Goods and Services Sold	$ 66,285	$ 62,695	$ 207,984	$ 203,664

INVENTORIES (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Inventory, Net [Abstract]
Inventory, Raw Materials, Net of Reserves	$ 280,031	$ 239,313
Inventory, Work in Process, Net of Reserves	123,253	103,750
Inventory, Finished Goods, Net of Reserves	139,173	126,174
Inventory For Long-term Contracts Or Programs, Net Of Reserves	40,855	43,255
Inventories, Net of Reserves	583,312	512,492
Progress Payments Netted Against Inventory for Long-term Contracts or Programs	(728)	(2,459)
Inventory, Net, Total	$ 582,584	$ 510,033

REVENUE (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
REVENUE (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Sales	$ 798,918	$ 724,326	$ 2,296,876	$ 2,059,582
Aerospace & Defense
Disaggregation of Revenue [Line Items]
Sales	566,140	490,773	1,598,602	1,365,411
Commercial [Member]
Disaggregation of Revenue [Line Items]
Sales	232,778	233,553	698,274	694,171
Aerospace Defense [Member] \| Aerospace & Defense
Disaggregation of Revenue [Line Items]
Sales	158,980	148,023	445,158	380,095
Ground Defense [Member] \| Aerospace & Defense
Disaggregation of Revenue [Line Items]
Sales	92,973	83,185	268,672	220,317
Naval Defense [Member] \| Aerospace & Defense
Disaggregation of Revenue [Line Items]
Sales	217,510	179,862	605,004	532,773
Commercial Aerospace [Member] \| Aerospace & Defense
Disaggregation of Revenue [Line Items]
Sales	96,677	79,703	279,768	232,226
Power & Process [Member] \| Commercial [Member]
Disaggregation of Revenue [Line Items]
Sales	131,376	122,118	394,016	373,457
General Industrial [Member] \| Commercial [Member]
Disaggregation of Revenue [Line Items]
Sales	$ 101,402	$ 111,435	$ 304,258	$ 320,714
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Net Sales, Net, Percent	49.00%	47.00%	49.00%	47.00%
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Net Sales, Net, Percent	51.00%	53.00%	51.00%	53.00%

OTHER INTANGIBLE ASSETS, NET (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Finite Lived Intangible Assets [Line Items]
Gross	$ 1,197,225	$ 1,177,449
Accumulated Amortization	(664,828)	(619,837)
Net	532,397	557,612
Technology
Finite Lived Intangible Assets [Line Items]
Gross	313,900	308,256
Accumulated Amortization	(207,777)	(195,446)
Net	106,123	112,810
Customer related intangibles
Finite Lived Intangible Assets [Line Items]
Gross	684,155	670,966
Accumulated Amortization	(364,776)	(339,325)
Net	319,379	331,641
Programs (1)
Finite Lived Intangible Assets [Line Items]
Gross	144,000	144,000
Accumulated Amortization	(46,800)	(41,400)
Net	97,200	102,600
Other intangible assets
Finite Lived Intangible Assets [Line Items]
Gross	55,170	54,227
Accumulated Amortization	(45,475)	(43,666)
Net	$ 9,695	$ 10,561

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

INVENTORIES

9 Months Ended

Sep. 30, 2024

Inventory, Net [Abstract]

INVENTORIES

Inventoried costs contain amounts relating to long-term contracts and programs with long production cycles, a portion of which will not be realized within one year. Long-term contract inventory includes an immaterial amount of claims or other similar items subject to uncertainty concerning their determination or realization. Inventories are valued at the lower of cost or net realizable value.

The composition of inventories is as follows:


(In thousands)	September 30, 2024		December 31, 2023
Raw materials	$	280,031	$	239,313
Work-in-process	123,253		103,750
Finished goods	139,173		126,174
Inventoried costs related to U.S. Government and other long-term contracts	40,855		43,255
Inventories, net of reserves	583,312		512,492
Less: Progress payments applied	(728)		(2,459)
Inventories, net	$	582,584	$	510,033

EARNINGS PER SHARE EARNINGS PER SHARE (Anti-dilutive) (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	5,000	33,000	16,000

RESTRUCTURING COSTS - Schedule of Pre-tax Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023
Restructuring and Related Activities [Abstract]
Inventory write-downs	$ 8	$ 1,402
Severance, facility closure, and other costs	1,633	4,551
Property, plant, and equipment & operating lease right of use asset impairments	1,647	1,647
Restructuring charges	3,280	6,198	$ 0
Total restructuring charges	$ 3,288	$ 7,600

REVENUE (Tables)

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table illustrates the approximate percentage of revenue recognized for performance obligations satisfied over-time versus at a point-in-time for the three and nine months ended September 30, 2024 and 2023:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Over-time	49	%	47	%	49	%	47	%
Point-in-time	51	%	53	%	51	%	53	%

The following table presents the Corporation’s total net sales disaggregated by end market and customer type:


Total Net Sales by End Market and Customer Type	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In thousands)	2024		2023		2024		2023
Aerospace & Defense
Aerospace Defense	$	158,980	$	148,023	$	445,158	$	380,095
Ground Defense	92,973		83,185		268,672		220,317
Naval Defense	217,510		179,862		605,004		532,773
Commercial Aerospace	96,677		79,703		279,768		232,226
Total Aerospace & Defense	$	566,140	$	490,773	$	1,598,602	$	1,365,411

Commercial
Power & Process	$	131,376	$	122,118	$	394,016	$	373,457
General Industrial	101,402		111,435		304,258		320,714
Total Commercial	$	232,778	$	233,553	$	698,274	$	694,171

Total	$	798,918	$	724,326	$	2,296,876	$	2,059,582

REVENUE (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
REVENUE (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Contract with Customer, Liability, Revenue Recognized	$ 47	$ 38	$ 207	$ 185
Revenue, Remaining Performance Obligation, Amount	$ 3,300		$ 3,300
Revenue, Remaining Performance Obligation, Percentage	90.00%		90.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Explanation			36 months

ACQUISITIONS (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Business Acquisition [Line Items]
Goodwill	$ 1,583,448	$ 1,558,826
WSC Inc.
Business Acquisition [Line Items]
Accounts receivable	3,203
Other current and non-current assets	200
Intangible assets	17,900
Operating lease right-of-use assets, net	1,516
Current and non-current liabilities	(4,918)
Deferred income taxes	(4,116)
Net tangible and intangible assets	13,785
Goodwill	19,971
Total purchase price	33,756
Goodwill deductible for tax purposes	$ 0

STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Stockholders' Equity [Abstract]
Treasury Stock, Shares, Acquired	356	64	455	209

BASIS OF PRESENTATION (Policies)	9 Months Ended
BASIS OF PRESENTATION (Policies)	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis Of Accounting	Curtiss-Wright Corporation along with its subsidiaries (we, the Corporation, or the Company) is a global integrated business that provides highly engineered products, solutions, and services mainly to aerospace & defense (A&D) markets, as well as critical technologies in demanding commercial power, process, and industrial markets. The unaudited condensed consolidated financial statements include the accounts of Curtiss-Wright and its majority-owned subsidiaries. All intercompany transactions and accounts have been eliminated. The unaudited condensed consolidated financial statements of the Corporation have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC). Certain information and footnote disclosures normally included in annual financial statements have been condensed or omitted as permitted by such rules and regulations. In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments necessary for a fair presentation of these financial statements. Management is required to make estimates and judgments that affect the reported amount of assets, liabilities, revenue, and expenses and disclosure of contingent assets and liabilities in the accompanying financial statements. Actual results may differ from these estimates. The most significant of these estimates includes the estimate of costs to complete using the over-time revenue recognition accounting method, pension plan and postretirement obligation assumptions, estimates for inventory obsolescence, fair value estimates around assets and assumed liabilities from acquisitions, estimates for the valuation and useful lives of intangible assets, legal reserves, and the estimate of future environmental costs. Changes in estimates of contract sales, costs, and profits are recognized using the cumulative catch-up method of accounting. This method recognizes in the current period the cumulative effect of the changes on current and prior periods. Accordingly, the effect of the changes on future periods of contract performance is recognized as if the revised estimate had been the original estimate. During the three and nine months ended September 30, 2024 and 2023, there were no material changes in estimated contract costs. In the opinion of management, all adjustments considered necessary for a fair presentation have been reflected in these financial statements. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Corporation’s 2023 Annual Report on Form 10-K. The results of operations for interim periods are not necessarily indicative of trends or of the operating results for a full year. New Accounting Pronouncements Not Yet Adopted In November 2023, the Financial Accounting Standards Board ("FASB") issued ASU No. 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures (“ASU 2023-07”), which requires disclosure of significant reportable segment expenses that are regularly provided to the chief operating decision-maker ("CODM") and included within the Corporation's measure of segment profit or loss. ASU 2023-07 also requires that all disclosures around segment profit or loss and assets be provided on both an annual and interim basis. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. ASU 2023-07 is required to be applied on a retrospective basis for all periods presented. The Corporation is currently evaluating the impact of adopting this standard on its financial statements, but does not expect it to have a material impact on its consolidated financial position, results of operations, or cash flows.

SEGMENT INFORMATION

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

SEGMENT INFORMATION

The Corporation’s measure of segment profit or loss is operating income. Interest expense and income taxes are not reported on an operating segment basis as they are not considered in the segments’ performance evaluation by the Corporation’s chief operating decision-maker, its Chief Executive Officer.

Net sales and operating income by reportable segment were as follows:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In thousands)	2024		2023		2024		2023
Net sales
Aerospace & Industrial	$	229,043	$	220,700	$	682,181	$	651,052
Defense Electronics	243,695		216,775		685,388		578,252
Naval & Power	327,412		288,002		932,831		835,547
Less: Intersegment revenues	(1,232)		(1,151)		(3,524)		(5,269)
Total consolidated	$	798,918	$	724,326	$	2,296,876	$	2,059,582

Operating income (expense)
Aerospace & Industrial	$	37,435	$	39,014	$	100,147	$	101,224
Defense Electronics	63,639		56,212		169,964		122,760
Naval & Power	53,039		47,663		134,513		132,382
Corporate and other (1)	(9,210)		(10,370)		(30,863)		(32,457)
Total consolidated	$	144,903	$	132,519	$	373,761	$	323,909

(1) Includes pension and other postretirement benefit expense, certain environmental costs related to remediation at legacy sites, and certain other expenses.

Adjustments to reconcile operating income to earnings before income taxes are as follows:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In thousands)	2024		2023		2024		2023
Total operating income	$	144,903	$	132,519	$	373,761	$	323,909
Interest expense	11,408		12,496		33,194		40,432
Other income, net	10,126		7,023		28,294		22,744
Earnings before income taxes	$	143,621	$	127,046	$	368,861	$	306,221


(In thousands)	September 30, 2024		December 31, 2023
Identifiable assets
Aerospace & Industrial	$	1,166,546	$	1,077,808
Defense Electronics	1,525,531		1,517,877
Naval & Power	1,635,287		1,496,063
Corporate and Other	558,374		529,221
Total consolidated	$	4,885,738	$	4,620,969

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/280/tableOfContent

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

+ Details

INVENTORIES (Table)

9 Months Ended

Sep. 30, 2024

Inventory, Net [Abstract]

Schedule Of Inventory

The composition of inventories is as follows:


(In thousands)	September 30, 2024		December 31, 2023
Raw materials	$	280,031	$	239,313
Work-in-process	123,253		103,750
Finished goods	139,173		126,174
Inventoried costs related to U.S. Government and other long-term contracts	40,855		43,255
Inventories, net of reserves	583,312		512,492
Less: Progress payments applied	(728)		(2,459)
Inventories, net	$	582,584	$	510,033

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common stock, par value (usd per share)	$ 1	$ 1
Common Stock, Shares Authorized (in shares)	100,000,000	100,000,000
Common Stock, Shares, Issued (in shares)	49,187,378	49,187,378
Common Stock, Shares, Outstanding (in shares)	37,960,122	38,202,754
Treasury Stock, Common, Shares (in shares)	11,227,256	10,984,624

REVENUE

9 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

REVENUE

The Corporation recognizes revenue when control of a promised good and/or service is transferred to a customer in an amount that reflects the consideration that the Corporation expects to be entitled to in exchange for that good and/or service.

Performance Obligations

The Corporation identifies a performance obligation for each promise in a contract to transfer a distinct good or service to the customer. As part of its assessment, the Corporation considers all goods and/or services promised in the contract, regardless of whether they are explicitly stated or implied by customary business practices. The Corporation’s contracts may contain either a single performance obligation, including the promise to transfer individual goods or services that are not separately distinct within the context of the respective contracts, or multiple performance obligations. For contracts with multiple performance obligations, the Corporation allocates the overall transaction price to each performance obligation using standalone selling

prices, where available, or utilizes estimates for each distinct good or service in the contract where standalone prices are not available.

The Corporation’s performance obligations are satisfied either at a point-in-time or on an over-time basis. Typically, over-time revenue recognition is based on the utilization of an input measure used to measure progress, such as costs incurred to date relative to total estimated costs. If a performance obligation does not qualify for over-time revenue recognition, revenue is then recognized at the point-in-time in which control of the distinct good or service is transferred to the customer, typically based upon the terms of delivery.


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Over-time	49	%	47	%	49	%	47	%
Point-in-time	51	%	53	%	51	%	53	%

Contract backlog represents the remaining performance obligations that have not yet been recognized as revenue. Backlog includes deferred revenue and amounts that will be invoiced and recognized as revenue in future periods. Total backlog was approximately $3.3 billion as of September 30, 2024, of which the Corporation expects to recognize approximately 90% as net sales over the next 36 months. The remainder will be recognized thereafter.

Disaggregation of Revenue

The following table presents the Corporation’s total net sales disaggregated by end market and customer type:


Total Net Sales by End Market and Customer Type	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In thousands)	2024		2023		2024		2023
Aerospace & Defense
Aerospace Defense	$	158,980	$	148,023	$	445,158	$	380,095
Ground Defense	92,973		83,185		268,672		220,317
Naval Defense	217,510		179,862		605,004		532,773
Commercial Aerospace	96,677		79,703		279,768		232,226
Total Aerospace & Defense	$	566,140	$	490,773	$	1,598,602	$	1,365,411

Commercial
Power & Process	$	131,376	$	122,118	$	394,016	$	373,457
General Industrial	101,402		111,435		304,258		320,714
Total Commercial	$	232,778	$	233,553	$	698,274	$	694,171

Total	$	798,918	$	724,326	$	2,296,876	$	2,059,582

Contract Balances

Timing of revenue recognition and cash collection may result in billed receivables, unbilled receivables (contract assets), and deferred revenue (contract liabilities) on the Condensed Consolidated Balance Sheet. The Corporation’s contract assets primarily relate to its rights to consideration for work completed but not billed as of the reporting date. Contract assets are transferred to billed receivables when the rights to consideration become unconditional. This is typical in situations where amounts are billed as work progresses in accordance with agreed-upon contractual terms or upon achievement of contractual milestones. The Corporation’s contract liabilities primarily consist of customer advances received prior to revenue being earned. Revenue recognized during the three and nine months ended September 30, 2024 included in the contract liabilities

balance as of January 1, 2024 was approximately $47 million and $207 million, respectively. Revenue recognized during the three and nine months ended September 30, 2023 included in the contract liabilities balance as of January 1, 2023 was approximately $38 million and $185 million, respectively. Contract assets and contract liabilities are reported in the "Receivables, net" and "Deferred revenue" lines, respectively, within the Condensed Consolidated Balance Sheet.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

PENSION PLANS

9 Months Ended

Sep. 30, 2024

Retirement Benefits, Description [Abstract]

PENSION PLANS

Defined Benefit Pension Plans

The following table is a consolidated disclosure of all domestic and foreign defined benefit pension plans as described in the Corporation’s 2023 Annual Report on Form 10-K filed with the SEC.

The components of net periodic pension cost for the three and nine months ended September 30, 2024 and 2023 were as follows:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In thousands)	2024		2023		2024		2023
Service cost	$	4,063	$	4,167	$	12,615	$	12,431
Interest cost	8,513		8,665		25,691		26,266
Expected return on plan assets	(16,356)		(15,582)		(49,447)		(47,260)
Amortization of prior service cost	(8)		(34)		(23)		(100)
Amortization of unrecognized actuarial loss	104		(89)		636		64
Net periodic pension cost	$	(3,684)	$	(2,873)	$	(10,528)	$	(8,599)

The Corporation did not make any contributions to the Curtiss-Wright Pension Plan during the nine months ended September 30, 2024, and does not expect to do so throughout the remainder of the year. Contributions to the foreign benefit plans are not expected to be material in 2024.

Defined Contribution Retirement Plan

The Company also maintains a defined contribution plan for all non-union employees who are not currently receiving final or career average pay benefits for its U.S. subsidiaries. The employer contributions include both employer match and non-elective contribution components up to a maximum employer contribution of 7% of eligible compensation. During the three and nine months ended September 30, 2024, the expense relating to the plan was $5.7 million and $20.0 million, respectively. During the three and nine months ended September 30, 2023, the expense relating to the plan was $5.2 million and $17.4 million, respectively.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/715/tableOfContent

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480266/715-60-50-3

+ Details

ACQUISITIONS

9 Months Ended

Sep. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

ACQUISITIONS

The Corporation continually evaluates potential acquisitions that either strategically fit within the Corporation’s existing portfolio or expand the Corporation’s portfolio into new product lines or adjacent markets. The Corporation has completed numerous acquisitions that have been accounted for as business combinations and have resulted in the recognition of goodwill in the Corporation's financial statements. This goodwill arises because the acquisition purchase price reflects the future earnings and cash flow potential in excess of the earnings and cash flows attributable to the current product and customer set at the time of acquisition. Thus, goodwill inherently includes the know-how of the assembled workforce, the ability of the workforce to further improve the technology and product offerings, and the expected cash flows resulting from these efforts. Goodwill may also include expected synergies resulting from the complementary strategic fit these businesses bring to existing operations.

The Corporation allocates the purchase price at the date of acquisition based upon its understanding of the fair value of the acquired assets and assumed liabilities. In the months after closing, as the Corporation obtains additional information about these assets and liabilities, including through tangible and intangible asset appraisals, and as the Corporation learns more about the newly acquired business, it is able to refine the estimates of fair value and more accurately allocate the purchase price. Only items identified as of the acquisition date are considered for subsequent adjustment. The Corporation will make appropriate adjustments to the purchase price allocation prior to completion of the measurement period, as required.

During the nine months ended September 30, 2024, the Corporation acquired one business for a purchase price of $34 million. The Condensed Consolidated Statement of Earnings for the nine months ended September 30, 2024 includes $6 million of total net sales and $1 million of net losses from the Corporation's 2024 acquisition. During the nine months ended September 30, 2023, the Corporation did not complete any acquisitions.


(In thousands)	2024
Accounts receivable	$	3,203
Other current and non-current assets	200
Intangible assets	17,900
Operating lease right-of-use assets, net	1,516
Current and non-current liabilities	(4,918)
Deferred income taxes	(4,116)
Net tangible and intangible assets	13,785
Goodwill	19,971
Total purchase price	$	33,756

Goodwill deductible for tax purposes	$	—

2024 Acquisitions

WSC Inc. (WSC)

On April 1, 2024, the Corporation completed the acquisition of WSC for $34 million. The Share Purchase Agreement contains representations and warranties customary for a transaction of this type, including a portion of the purchase price deposited in escrow as security for potential indemnification claims against seller. The acquired business, which operates within the Naval & Power segment, is a provider of simulation technology that supports the design, commissioning, and reliable operation of commercial nuclear power generation and process plants. The acquisition is subject to post-closing adjustments with the purchase price allocation not yet complete.

Ultra Nuclear Limited and Weed Instrument Co., Inc. (Ultra Energy)

On June 3, 2024, the Corporation announced that it entered into an agreement to acquire the stock of Ultra Energy, a subsidiary of Ultra Electronics, for $200 million in cash. Ultra Energy is a designer and manufacturer of reactor protection systems, neutron monitoring systems, radiation monitoring systems, and temperature and pressure sensors. The acquisition is expected to close in the fourth quarter of 2024, subject to UK regulatory approval, with the acquired business to operate within the Naval & Power segment.