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Basis of Presentation and Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2023

Accounting Policies [Abstract]

Restructuring and Related Costs

The following table presents the above impacts of the Russia pre-tax charge in the first nine months of 2022:

									Nine Months Ended September 30, 2022
(Amounts in thousands)																					Flowserve Pump Division						Flow Control Division						Consolidated Total
Sales																					$	(5,429)					$	(2)					$	(5,431)
Cost of sales ("COS")																					3,510						1,112						4,622
Gross loss																					(8,939)						(1,114)						(10,053)
Selling, general and administrative expense ("SG&A")																					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 Realignment Programs:

			Three Months Ended September 30, 2023
(Amounts in thousands)			FPD						FCD						Subtotal–Reportable Segments						All Other						Consolidated Total
Realignment Charges
Restructuring Charges
COS			$	173					$	—					$	173					$	—					$	173
SG&A			—						1						1						(1)						—
			$	173					$	1					$	174					$	(1)					$	173
Non-Restructuring Charges
COS			$	5,968					$	1,099					$	7,067					$	—					$	7,067
SG&A			9,929						1,571						11,500						3,454						14,954
			$	15,897					$	2,670					$	18,567					$	3,454					$	22,021
Total Realignment Charges
COS			$	6,141					$	1,099					$	7,240					$	—					$	7,240
SG&A			9,929						1,572						11,501						3,453						14,954
Total			$	16,070					$	2,671					$	18,741					$	3,453					$	22,194

			Three Months Ended September 30, 2022
(Amounts in thousands)			FPD						FCD						Subtotal–Reportable Segments						All Other						Consolidated Total
Realignment Charges
Restructuring Charges
COS			$	(456)					$	26					$	(430)					$	—					$	(430)
SG&A			—						2						2						—						2
			$	(456)					$	28					$	(428)					$	—					$	(428)
Non-Restructuring Charges
COS			$	39					$	(4)					$	35					$	—					$	35
SG&A			74						5						79						18						97
			$	113					$	1					$	114					$	18					$	132
Total Realignment Charges
COS			$	(417)					$	22					$	(395)					$	—					$	(395)
SG&A			74						7						81						18						99
Total			$	(343)					$	29					$	(314)					$	18					$	(296)

			Nine Months Ended September 30, 2023
(Amounts in thousands)			FPD						FCD						Subtotal–Reportable Segments						All Other						Consolidated Total
Realignment Charges
Restructuring Charges
COS			$	571					$	—					$	571					$	66					$	637
SG&A			—						8,877						8,877						—						8,877
			$	571					$	8,877					$	9,448					$	66					$	9,514
Non-Restructuring Charges
COS			$	6,913					$	4,263					$	11,176					$	(265)					$	10,911
SG&A			11,996						1,601						13,597						16,602						30,199
			$	18,909					$	5,864					$	24,773					$	16,337					$	41,110
Total Realignment Charges
COS			$	7,484					$	4,263					$	11,747					$	(199)					$	11,548
SG&A			11,996						10,478						22,474						16,602						39,076
Total			$	19,480					$	14,741					$	34,221					$	16,403					$	50,624

			Nine Months Ended September 30, 2022
(Amounts in thousands)			FPD						FCD						Subtotal–Reportable Segments						All Other						Consolidated Total
Realignment Charges
Restructuring Charges
COS			$	430					$	97					$	527					$	—					$	527
SG&A			—						2						2						—						2
			$	430					$	99					$	529					$	—					$	529
Non-Restructuring Charges
COS			$	(550)					$	(41)					$	(591)					$	(61)					$	(652)
SG&A			150						55						205						(248)						(43)
			$	(400)					$	14					$	(386)					$	(309)					$	(695)
Total Realignment Charges
COS			$	(120)					$	56					$	(64)					$	(61)					$	(125)
SG&A			150						57						207						(248)						(41)
Total			$	30					$	113					$	143					$	(309)					$	(166)

The following is a summary of total inception to date charges, net of adjustments, related to the 2023 Realignment Programs:

			Inception to Date
(Amounts in thousands)			FPD						FCD						Subtotal–Reportable Segments						All Other						Consolidated Total
Realignment Charges
Restructuring Charges
COS			$	571					$	—					$	571					$	66					$	637
SG&A			—						8,877						8,877						—						8,877
			$	571					$	8,877					$	9,448					$	66					$	9,514
Non-Restructuring Charges
COS			$	6,913					$	4,263					$	11,176					$	(265)					$	10,911
SG&A			11,996						1,601						13,597						16,602						30,199
			$	18,909					$	5,864					$	24,773					$	16,337					$	41,110
Total Realignment Charges
COS			$	7,484					$	4,263					$	11,747					$	(199)					$	11,548
SG&A			11,996						10,478						22,474						16,602						39,076
Total			$	19,480					$	14,741					$	34,221					$	16,403					$	50,624

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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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