XML 73 R57.htm IDEA: XBRL DOCUMENT
v3.20.2

Retirement and Postretirement Benefits (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2020 | Jun. 30, 2019 | Jun. 30, 2020 | Jun. 30, 2019
Components of the net periodic cost for retirement and postretirement benefits |  |  |  |
Restructuring Charges | $ 11,633 | $ 530 | $ 13,286 | $ (14,523)
Non-Restructuring Charges | 46,850 | 5,771 | 55,937 | 8,894
Transformation Charges | 5,618 | 7,573 | 11,261 | 15,986
Total Realignment Program Charges | 58,483 | 6,301 | 69,223 | (5,629)
Total Realignment and Transformation Charges | 64,101 | 13,874 | 80,484 | 10,357
FPD |  |  |  |
Components of the net periodic cost for retirement and postretirement benefits |  |  |  |
Restructuring Charges | 11,776 | 417 | 13,561 | (15,431)
Non-Restructuring Charges | 21,319 | 4,981 | 21,929 | 7,549
Total Realignment Program Charges | 33,095 | 5,398 | 35,490 | (7,882)
Total Realignment and Transformation Charges | 33,095 | 5,398 | 35,490 | (7,882)
FCD |  |  |  |
Components of the net periodic cost for retirement and postretirement benefits |  |  |  |
Restructuring Charges | (143) | 113 | (275) | 892
Non-Restructuring Charges | 10,131 | 77 | 17,963 | 102
Total Realignment Program Charges | 9,988 | 190 | 17,688 | 994
Total Realignment and Transformation Charges | 9,988 | 190 | 17,688 | 994
Eliminations and All Other |  |  |  |
Components of the net periodic cost for retirement and postretirement benefits |  |  |  |
Restructuring Charges | 0 | 0 | 0 | 16
Non-Restructuring Charges | 15,400 | 713 | 16,045 | 1,243
Transformation Charges | 5,618 | 7,573 | 11,261 | 15,986
Total Realignment Program Charges | 15,400 | 713 | 16,045 | 1,259
Total Realignment and Transformation Charges | 21,018 | 8,286 | 27,306 | 17,245
Subtotal–Reportable Segments |  |  |  |
Components of the net periodic cost for retirement and postretirement benefits |  |  |  |
Restructuring Charges | 11,633 | 530 | 13,286 | (14,539)
Non-Restructuring Charges | 31,450 | 5,058 | 39,892 | 7,651
Total Realignment Program Charges | 43,083 | 5,588 | 53,178 | (6,888)
Total Realignment and Transformation Charges | 43,083 | 5,588 | 53,178 | (6,888)
Cost of Sales |  |  |  |
Components of the net periodic cost for retirement and postretirement benefits |  |  |  |
Restructuring Charges | 11,483 | (905) | 13,059 | 2,174
Non-Restructuring Charges | 18,370 | 4,769 | 26,255 | 7,190
Total Realignment Program Charges | 29,853 | 3,864 | 39,314 | 9,364
Total Realignment and Transformation Charges | 29,853 | 3,864 | 39,314 | 9,364
Cost of Sales | FPD |  |  |  |
Components of the net periodic cost for retirement and postretirement benefits |  |  |  |
Restructuring Charges | 11,650 | (928) | 13,331 | 1,695
Non-Restructuring Charges | 12,003 | 4,727 | 12,128 | 7,122
Total Realignment Program Charges | 23,653 | 3,799 | 25,459 | 8,817
Total Realignment and Transformation Charges | 23,653 | 3,799 | 25,459 | 8,817
Cost of Sales | FCD |  |  |  |
Components of the net periodic cost for retirement and postretirement benefits |  |  |  |
Restructuring Charges | (167) | 23 | (272) | 479
Non-Restructuring Charges | 5,819 | 42 | 13,579 | 68
Total Realignment Program Charges | 5,652 | 65 | 13,307 | 547
Total Realignment and Transformation Charges | 5,652 | 65 | 13,307 | 547
Cost of Sales | Eliminations and All Other |  |  |  |
Components of the net periodic cost for retirement and postretirement benefits |  |  |  |
Restructuring Charges | 0 | 0 | 0 | 0
Non-Restructuring Charges | 548 | 0 | 548 | 0
Total Realignment Program Charges | 548 | 0 | 548 | 0
Total Realignment and Transformation Charges | 548 | 0 | 548 | 0
Cost of Sales | Subtotal–Reportable Segments |  |  |  |
Components of the net periodic cost for retirement and postretirement benefits |  |  |  |
Restructuring Charges | 11,483 | (905) | 13,059 | 2,174
Non-Restructuring Charges | 17,822 | 4,769 | 25,707 | 7,190
Total Realignment Program Charges | 29,305 | 3,864 | 38,766 | 9,364
Total Realignment and Transformation Charges | 29,305 | 3,864 | 38,766 | 9,364
Selling, General and Administrative Expenses |  |  |  |
Components of the net periodic cost for retirement and postretirement benefits |  |  |  |
Restructuring Charges | 150 | 1,435 | 227 | (16,697)
Non-Restructuring Charges | 28,480 | 1,002 | 29,682 | 1,704
Transformation Charges | 5,618 | 7,573 | 11,261 | 15,986
Total Realignment Program Charges | 28,630 | 2,437 | 29,909 | (14,993)
Total Realignment and Transformation Charges | 34,248 | 10,010 | 41,170 | 993
Selling, General and Administrative Expenses | FPD |  |  |  |
Components of the net periodic cost for retirement and postretirement benefits |  |  |  |
Restructuring Charges | 126 | 1,345 | 230 | (17,126)
Non-Restructuring Charges | 9,316 | 254 | 9,801 | 427
Total Realignment Program Charges | 9,442 | 1,599 | 10,031 | (16,699)
Total Realignment and Transformation Charges | 9,442 | 1,599 | 10,031 | (16,699)
Selling, General and Administrative Expenses | FCD |  |  |  |
Components of the net periodic cost for retirement and postretirement benefits |  |  |  |
Restructuring Charges | 24 | 90 | (3) | 413
Non-Restructuring Charges | 4,312 | 35 | 4,384 | 34
Total Realignment Program Charges | 4,336 | 125 | 4,381 | 447
Total Realignment and Transformation Charges | 4,336 | 125 | 4,381 | 447
Selling, General and Administrative Expenses | Eliminations and All Other |  |  |  |
Components of the net periodic cost for retirement and postretirement benefits |  |  |  |
Restructuring Charges | 0 | 0 | 0 | 16
Non-Restructuring Charges | 14,852 | 713 | 15,497 | 1,243
Transformation Charges | 5,618 | 7,573 | 11,261 | 15,986
Total Realignment Program Charges | 14,852 | 713 | 15,497 | 1,259
Total Realignment and Transformation Charges | 20,470 | 8,286 | 26,758 | 17,245
Selling, General and Administrative Expenses | Subtotal–Reportable Segments |  |  |  |
Components of the net periodic cost for retirement and postretirement benefits |  |  |  |
Restructuring Charges | 150 | 1,435 | 227 | (16,713)
Non-Restructuring Charges | 13,628 | 289 | 14,185 | 461
Total Realignment Program Charges | 13,778 | 1,724 | 14,412 | (16,252)
Total Realignment and Transformation Charges | 13,778 | 1,724 | 14,412 | (16,252)
Domestic Plan |  |  |  |
Components of the net periodic cost for retirement and postretirement benefits |  |  |  |
Service cost | 6,600 | 5,900 | 12,900 | 11,500
Interest cost | 3,700 | 4,200 | 7,500 | 8,700
Expected return on plan assets | (6,100) | (6,300) | (12,800) | (12,800)
Amortization of prior service cost | 100 | 100 | 100 | 100
Amortization of unrecognized net loss (gain) | 1,800 | 900 | 3,500 | 1,800
Net periodic cost recognized | 6,100 | 4,800 | 11,200 | 9,300
Foreign Plan |  |  |  |
Components of the net periodic cost for retirement and postretirement benefits |  |  |  |
Service cost | 1,700 | 1,500 | 3,400 | 2,900
Interest cost | 1,600 | 2,200 | 3,200 | 4,500
Expected return on plan assets | (1,200) | (1,900) | (2,400) | (3,800)
Amortization of prior service cost | 0 | 100 | 100 | 100
Amortization of unrecognized net loss (gain) | 1,100 | 700 | 2,100 | 1,500
Net periodic cost recognized | 3,200 | 2,600 | 6,400 | 5,200
Postretirement Medical Benefits |  |  |  |
Components of the net periodic cost for retirement and postretirement benefits |  |  |  |
Service cost | 0 | 0 | 0 | 0
Interest cost | 200 | 200 | 300 | 400
Expected return on plan assets | 0 | 0 | 0 | 0
Amortization of prior service cost | 0 | 0 | 100 | 0
Amortization of unrecognized net loss (gain) | 0 | 0 | (100) | (100)
Net periodic cost recognized | $ 200 | $ 200 | $ 300 | $ 300

X
- Definition Non-Restructuring Charges (Benefits) + References No definition available. + Details
Name: | fls_NonRestructuringChargesBenefits
Namespace Prefix: | fls_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Realignment Program Charges (Benefits) + References No definition available. + Details
Name: | fls_RealignmentProgramChargesBenefits
Namespace Prefix: | fls_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Realignment and Transformation Program Charges (Benefits) + References No definition available. + Details
Name: | fls_RealignmentandTransformationProgramChargesBenefits
Namespace Prefix: | fls_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Transformation Charges + References No definition available. + Details
Name: | fls_TransformationCharges
Namespace Prefix: | fls_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of gain (loss) recognized in net periodic benefit (cost) credit of defined benefit plan. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h)(4) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 6 -Subparagraph (a)(4) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2709-114920 + Details
Name: | us-gaap_DefinedBenefitPlanAmortizationOfGainsLosses
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of prior service cost (credit) recognized in net periodic benefit cost (credit) of defined benefit plan. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h)(5) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 6 -Subparagraph (a)(5) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2709-114920 + Details
Name: | us-gaap_DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of expected return (loss) recognized in net periodic benefit (cost) credit, calculated based on expected long-term rate of return and market-related value of plan assets of defined benefit plan. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 6 -Subparagraph (a)(3) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2709-114920 + Details
Name: | us-gaap_DefinedBenefitPlanExpectedReturnOnPlanAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of cost recognized for passage of time related to defined benefit plan. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a)(2) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 6 -Subparagraph (a)(2) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2709-114920 + Details
Name: | us-gaap_DefinedBenefitPlanInterestCost
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of net periodic benefit cost (credit) for defined benefit plan. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 6 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2709-114920 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_DefinedBenefitPlanNetPeriodicBenefitCost
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DefinedBenefitPlanNetPeriodicBenefitCostAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of cost for actuarial present value of benefits attributed to service rendered by employee for defined benefit plan. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=118257860&loc=d3e4179-114921 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 6 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e2709-114920 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_DefinedBenefitPlanServiceCost
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
Name: | us-gaap_RestructuringCharges
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=fls_FPDMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=fls_FlowControlDivisionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=us-gaap_IntersegmentEliminationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=us-gaap_OperatingSegmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementLocationAxis=us-gaap_CostOfSalesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_IncomeStatementLocationAxis=us-gaap_SellingGeneralAndAdministrativeExpensesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RetirementPlanTypeAxis=us-gaap_DomesticPlanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RetirementPlanTypeAxis=us-gaap_ForeignPlanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RetirementPlanTypeAxis=us-gaap_OtherPostretirementBenefitPlansDefinedBenefitMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |