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Significant Accounting Policies and Accounting Developments (Tables) | 12 Months Ended
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Dec. 31, 2024
Accounting Policies [Abstract] |
Schedule of Pre-Tax Charges | The following table presents the above impacts of the Russia pre-tax charge for the year ended December 31, 2022:
|  |  | Year Ended December 31, 2022
(Amounts in thousands) |  |  |  |  |  |  | Flowserve Pumps Division |  | Flow Control Division |  | Consolidated Total
Sales |  |  |  |  |  |  | $ | (9,330) |  |  | $ | — |  |  | $ | (9,330) |
Cost of sales ("COS") |  |  |  |  |  |  | 7,442 |  |  | 1,418 |  |  | 8,860 |
Gross loss |  |  |  |  |  |  | (16,772) |  |  | (1,418) |  |  | (18,190) |
Selling, general and administrative expense ("SG&A") |  |  |  |  |  |  | 13,977 |  |  | 1,720 |  |  | 15,697 |
Operating loss |  |  |  |  |  |  | $ | (30,749) |  |  | $ | (3,138) |  |  | $ | (33,887) |
Schedule of Estimated Useful Lives of Assets | Generally, the estimated useful lives of the assets are:
Buildings and improvements | 10 to 40 years
Machinery, equipment and tooling | 3 to 14 years
Software, furniture and fixtures and other | 3 to 7 years
Schedule of Supplier Finance Program | The rollforward of our outstanding obligations confirmed as valid under the supplier finance programs for the year ended December 31, 2024 is as follows:
(Amounts in thousands) | 2024 |  |
Obligations outstanding at the beginning of the year | $ | 13,527 |  |  |
Invoices confirmed | 61,198 |  |  |
Confirmed invoices settled | 66,154 |  |  |
Obligations outstanding at the end of the year | $ | 8,571 |  |  |

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