XML 37 R20.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Details of Certain Consolidated Balance Sheet Captions | 12 Months Ended
--- | ---
Dec. 31, 2021
Details of Certain Consolidated Balance Sheet Captions [Abstract] |
Details of Certain Consolidated Balance Sheet Captions | DETAILS OF CERTAIN CONSOLIDATED BALANCE SHEET CAPTIONS The following tables present financial information of certain consolidated balance sheets captions. Accounts Receivable, net — Accounts receivable, net were:
| December 31,
| 2021 |  | 2020
| (Amounts in thousands)
Trade accounts receivables | $ | 770,280 |  |  | $ | 808,459 |
Less: allowance for expected credit losses | (55,264) |  |  | (59,280) |
Other short-term receivables | 43,266 |  |  | 20,179 |
Less: allowance for expected credit losses | (19,072) |  |  | (15,896) |
Accounts receivable, net | $ | 739,210 |  |  | $ | 753,462 |
Property, Plant and Equipment, net — Property, plant and equipment, net were:
| December 31,
| 2021 |  | 2020
| (Amounts in thousands)
Land | $ | 62,613 |  |  | $ | 65,894 |
Buildings and improvements | 441,627 |  |  | 446,008 |
Machinery, equipment and tooling | 751,944 |  |  | 699,256 |
Software, furniture and fixtures and other | 451,566 |  |  | 439,063 |
Gross property, plant and equipment | 1,707,750 |  |  | 1,650,221 |
Less: accumulated depreciation | (1,191,823) |  |  | (1,093,348) |
Property, plant and equipment, net | $ | 515,927 |  |  | $ | 556,873 |
Accrued Liabilities — Accrued liabilities were:
| December 31,
| 2021 |  | 2020
| (Amounts in thousands)
Wages, compensation and other benefits | $ | 204,347 |  |  | $ | 225,133 |
Commissions and royalties | 21,911 |  |  | 22,847 |
Warranty costs and late delivery penalties | 23,741 |  |  | 27,757 |
Sales and use tax | 20,782 |  |  | 29,067 |
Income tax | 47,186 |  |  | 31,378 |
Other | 127,125 |  |  | 127,040 |
Accrued liabilities | $ | 445,092 |  |  | $ | 463,222 |
"Other" accrued liabilities include professional fees, lease obligations, insurance, interest, freight, accrued cash dividends payable, legal and environmental matters, derivative liabilities, restructuring reserves and other items, none of which individually exceed 5% of current lia bilities. Retirement Obligations and Other Liabilities — Retirement obligations and other liabilities were:
| December 31,
| 2021 |  | 2020
| (Amounts in thousands)
Pension and postretirement benefits | $ | 188,999 |  |  | $ | 225,994 |
Deferred taxes | 9,169 |  |  | 85,824 |
Operating lease liabilities | 166,786 |  |  | 176,246 |
Legal and environmental | 86,561 |  |  | 101,203 |
Uncertain tax positions and other tax liabilities | 37,013 |  |  | 50,259 |
Other | 30,320 |  |  | 54,286 |
Retirement obligations and other liabilities | $ | 518,848 |  |  | $ | 693,812 |
"Other" includes derivative liabilities, deferred compensation liabilities, asset retirement obligations, insurance-related liabilities and other items, none of which exceed 5% of retirement obligations and other liabilities.

X
- Definition Details of Certain Consolidated Balance Sheet Captions [Abstract] + References No definition available. + Details
Name: | fls_DetailsOfCertainConsolidatedBalanceSheetCaptionsAbstract
Namespace Prefix: | fls_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -URI http://asc.fasb.org/topic&trid=2122208 + Details
Name: | us-gaap_SupplementalBalanceSheetDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration