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Basis of Presentation and Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2022

Accounting Policies [Abstract]

Restructuring and Related Costs

The following table presents the above impacts of the Russia pre-tax charge:

			Three Months Ended March 31, 2022
(Amounts in thousands)			Flowserve Pump Division						Flow Control Division						Consolidated Total
Sales			$	(5,429)					$	(2)					$	(5,431)
Cost of sales			3,510						1,112						4,622
Gross loss			(8,939)						(1,114)						(10,053)
Selling, general and administrative expense			9,111						1,082						10,193
Operating loss			$	(18,050)					$	(2,196)					$	(20,246)

The following is a summary of total charges, net of adjustments, incurred related to our 2020 Realignment Program:

			Three Months Ended March 31, 2022
(Amounts in thousands)			FPD						FCD						Subtotal–Reportable Segments						All Other						Consolidated Total
Realignment Charges
Restructuring Charges
COS			$	281					$	(5)					$	276					$	—					$	276
SG&A			—						—						—						—						—
			$	281					$	(5)					$	276					$	—					$	276
Non-Restructuring Charges
COS			$	(364)					$	(49)					$	(413)					$	(61)					$	(474)
SG&A			75						17						92						(293)						(201)
			$	(289)					$	(32)					$	(321)					$	(354)					$	(675)
Total Realignment Charges
COS			$	(83)					$	(54)					$	(137)					$	(61)					$	(198)
SG&A			75						17						92						(293)						(201)
Total			$	(8)					$	(37)					$	(45)					$	(354)					$	(399)

			Three Months Ended March 31, 2021
(Amounts in thousands)			FPD						FCD						Subtotal–Reportable Segments						All Other						Consolidated Total
Realignment Charges
Restructuring Charges
COS			$	4,027					$	299					$	4,326					$	—					$	4,326
SG&A			—						(9)						(9)						—						(9)
			$	4,027					$	290					$	4,317					$	—					$	4,317
Non-Restructuring Charges
COS			$	3,892					$	598					$	4,490					$	590					$	5,080
SG&A			157						868						1,025						3,280						4,305
			$	4,049					$	1,466					$	5,515					$	3,870					$	9,385
Total Realignment Charges
COS			$	7,919					$	897					$	8,816					$	590					$	9,406
SG&A			157						859						1,016						3,280						4,296
Total			$	8,076					$	1,756					$	9,832					$	3,870					$	13,702

The following is a summary of total inception to date charges, net of adjustments, related to the 2020 Realignment Program:

			Inception to Date
(Amounts in thousands)			FPD						FCD						Subtotal–Reportable Segments						All Other						Consolidated Total
Realignment Charges
Restructuring Charges
COS			$	26,156					$	2,032					$	28,188					$	—					$	28,188
SG&A			716						333						1,049						(17)						1,032
			$	26,872					$	2,365					$	29,237					$	(17)					$	29,220
Non-Restructuring Charges
COS			$	25,043					$	674					$	25,717					$	581					$	26,298
SG&A			11,124						5,279						16,403						21,502						37,905
			$	36,167					$	5,953					$	42,120					$	22,083					$	64,203
Total Realignment Charges
COS			$	51,199					$	2,706					$	53,905					$	581					$	54,486
SG&A			11,840						5,612						17,452						21,485						38,937
Total			$	63,039					$	8,318					$	71,357					$	22,066					$	93,423

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

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