Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Dec. 31, 2011	Feb. 21, 2012	Jul. 02, 2011
Document and Entity Information
Entity Registrant Name	SPX CORP
Entity Central Index Key	0000088205
Document Type	10-K
Document Period End Date	Dec. 31, 2011
Amendment Flag	true
Amendment Description	This Amendment No. 1 on Form 10-K/A amends our Annual Report on Form 10-K for the year ended December 31, 2011, originally filed with the Securities and Exchange Commission ("SEC") on February 24, 2012. This amendment includes revisions to the following Exhibits in Item 15: Exhibit 32.1, "Section 1350 Certifications" has been revised to reflect the date of our Annual Report on Form 10-K as "the year ended December 31, 2011." As a result of revising Exhibit 32.1, we are re-filing our Annual Report on Form 10-K for the year ended December 31, 2011 in its entirety. Since the date of the original filing of our Annual Report on Form 10-K for the year ended December 31, 2011, we filed, on May 2, 2012, our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2012. Beginning with this quarterly report, we classified our Service Solutions business as a discontinued operation, which resulted in a change to our segment reporting structure. This Amendment No. 1 on Form 10-K/A revises Parts I and II of our Annual Report on Form 10-K for the year ended December 31, 2011 to primarily reflect (i) the Service Solutions business as a discontinued operation and (ii) the resulting changes to our segment reporting structure. Net income and net income attributable to SPX common shareholders have not changed from our Annual Report on Form 10-K for any of the years presented. Exhibit 99.1, "Report of Independent Registered Public Accounting Firm - KPMG LLP" has been revised to indicate that KPMG LLP performed its audits of EGS Electrical Group, LLC in accordance with the "standards of the Public Company Accounting Oversight Board (United States)." Other changes effected include the following: We have expanded (i) the long-term contract disclosures in Item 7 and (ii) the commitments and contingencies disclosures in Item 8 within this Amendment No. 1 on Form 10-K/A. As discussed in Note 3 to the consolidated financial statements included in this Form 10-K/A, in December 2010 the Financial Accounting Standards Board issued guidance to revise the presentation of comprehensive income by requiring entities to report components of comprehensive income in either a single continuous statement of comprehensive income or two separate but consecutive statements. This guidance is effective for the first financial reporting period in fiscal years beginning after December 15, 2011 and must be applied retrospectively for all periods presented in the financial statements. We have included Consolidated Statements of Comprehensive Income (Loss) for the years ended December 31, 2011, 2010 and 2009 on Page 50 of this Amendment No. 1 on Form 10-K/A in order to comply with the retrospective application of this guidance. This Amendment No. 1 on Form 10-K/A has not been updated for events occurring after the filing of the original Annual Report on Form 10-K on February 24, 2012, except to reflect the matters described above. Accordingly, this Amendment No. 1 on Form 10-K/A should be read in conjunction with our filings made with the SEC subsequent to the filing date of our original Annual Report on Form 10-K.
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 4,240,290,403
Entity Common Stock, Shares Outstanding		51,239,636
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	FY

Consolidated Statements of Operations (USD $) In Millions, except Share data in Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Revenues	$ 4,551.4	$ 4,113.9	$ 4,175.1
Costs and expenses:
Cost of products sold	3,273.6	2,879.6	2,911.0
Selling, general and administrative	915.0	860.7	819.7
Intangible amortization	23.3	20.7	14.3
Impairment of goodwill and other intangible assets	28.3	1.7	6.1
Special charges, net	25.3	30.7	49.5
Operating income	285.9	320.5	374.5
Other expense, net	(53.7)	(19.8)	(21.5)
Interest expense	(97.0)	(86.9)	(91.9)
Interest income	5.6	5.3	7.4
Loss on early extinguishment of interest rate protection agreements and term loan		(25.6)
Equity earnings in joint ventures	28.4	30.2	29.4
Income from continuing operations before income taxes	169.2	223.7	297.9
Income tax provision	(14.3)	(45.7)	(73.7)
Income from continuing operations	154.9	178.0	224.2
Income (loss) from discontinued operations, net of tax	30.4	13.1	(181.6)
Gain (loss) on disposition of discontinued operations, net of tax	0.3	11.7	(26.4)
Income (loss) from discontinued operations, net of tax	30.7	24.8	(208.0)
Net income	185.6	202.8	16.2
Less: Net income (loss) attributable to noncontrolling interests	5.0	(2.8)	(15.5)
Net income attributable to SPX Corporation common shareholders	180.6	205.6	31.7
Amounts attributable to SPX Corporation common shareholders:
Income from continuing operations, net of tax	149.9	180.8	222.4
Income (loss) from discontinued operations, net of tax	30.7	24.8	(190.7)
Net income	$ 180.6	$ 205.6	$ 31.7
Basic income per share of common stock:
Income from continuing operations attributable to SPX Corporation common shareholders (in dollars per share)	$ 2.97	$ 3.64	$ 4.50
Income (loss) from discontinued operations attributable to SPX Corporation common shareholders (in dollars per share)	$ 0.61	$ 0.50	$ (3.86)
Net income per share attributable to SPX Corporation common shareholders (in dollars per share)	$ 3.58	$ 4.14	$ 0.64
Weighted-average number of common shares outstanding - basic (in shares)	50,499	49,718	49,363
Diluted income per share of common stock:
Income from continuing operations attributable to SPX Corporation common shareholders (in dollars per share)	$ 2.94	$ 3.59	$ 4.47
Income (loss) from discontinued operations attributable to SPX Corporation common shareholders (in dollars per share)	$ 0.60	$ 0.49	$ (3.83)
Net income per share attributable to SPX Corporation common shareholders (in dollars per share)	$ 3.54	$ 4.08	$ 0.64
Weighted-average number of common shares outstanding - diluted (in shares)	50,946	50,347	49,797

Consolidated Statements of Comprehensive Income (Loss) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Net income	$ 185.6	$ 202.8	$ 16.2
Other comprehensive income (loss), net:
Pension liability adjustment, net of tax benefit (provision) of $7.7, ($1.4) and $56.5 in 2011, 2010 and 2009, respectively	(21.7)	28.9	(95.2)
Net unrealized gain (loss) on qualifying cash flow hedges, net of tax benefit (provision) of $0.7, ($10.8) and ($6.7) in 2011, 2010 and 2009, respectively	(1.1)	17.4	10.9
Net unrealized gain (loss) on available-for-sale securities	(7.6)	6.1
Foreign currency translation adjustments	(23.6)	(31.1)	51.4
Other comprehensive income (loss), net	(54.0)	21.3	(32.9)
Total comprehensive income (loss)	131.6	224.1	(16.7)
Total comprehensive income (loss) attributable to noncontrolling interests	4.9	(2.5)	(14.7)
Total comprehensive income (loss) attributable to SPX Corporation common shareholders	$ 126.7	$ 226.6	$ (2.0)

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Consolidated Statements of Comprehensive Income (Loss)
Pension liability adjustment, tax benefit (provision)	$ 7.7	$ (1.4)	$ 56.5
Net unrealized gain (loss) on qualifying cash flow hedges, tax benefit (provision)	$ 0.7	$ (10.8)	$ (6.7)

- Definition

Tax effects of the increase (decrease) to accumulated comprehensive income during the period related to benefit plans. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label.

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- Definition

Tax effect on the change in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses.

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Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Current assets:
Cash and equivalents	$ 551.0	$ 455.4
Accounts receivable, net	1,224.5	970.1
Inventories	591.9	455.4
Other current assets	132.7	169.4
Deferred income taxes	66.4	65.8
Assets of discontinued operations	720.1	686.3
Total current assets	3,286.6	2,802.4
Property, plant and equipment:
Land	48.4	37.5
Buildings and leasehold improvements	302.9	227.5
Machinery and equipment	775.0	661.0
Property, plant and equipment, gross	1,126.3	926.0
Accumulated depreciation	(476.3)	(431.4)
Property, plant and equipment, net	650.0	494.6
Goodwill	1,773.7	1,482.9
Intangibles, net	972.4	614.0
Other assets	709.1	599.4
TOTAL ASSETS	7,391.8	5,993.3
Current liabilities:
Accounts payable	643.4	433.6
Accrued expenses	982.0	985.0
Income taxes payable	26.7	16.3
Short-term debt	71.3	36.3
Current maturities of long-term debt	4.2	50.8
Liabilities of discontinued operations	234.4	210.1
Total current liabilities	1,962.0	1,732.1
Long-term debt	1,925.6	1,110.5
Deferred and other income taxes	131.1	83.9
Other long-term liabilities	1,135.8	962.8
Total long-term liabilities	3,192.5	2,157.2
Commitments and contingent liabilities (Note 14)
SPX Corporation shareholders' equity
Common stock (98,702,606 and 51,073,419 issued and outstanding at December 31, 2011, respectively, and 98,068,416 and 50,294,261 issued and outstanding at December 31, 2010, respectively)	993.6	986.7
Paid-in capital	1,502.2	1,461.1
Retained earnings	2,488.3	2,358.6
Accumulated other comprehensive loss	(246.5)	(192.6)
Common stock in treasury (47,629,187 and 47,774,155 shares at December 31, 2011 and 2010, respectively)	(2,510.3)	(2,516.1)
Total SPX Corporation shareholders' equity	2,227.3	2,097.7
Noncontrolling interests	10.0	6.3
Total equity	2,237.3	2,104.0
TOTAL LIABILITIES AND EQUITY	$ 7,391.8	$ 5,993.3

Consolidated Balance Sheets (Parenthetical)	Dec. 31, 2011	Dec. 31, 2010
Consolidated Balance Sheets
Common stock, shares issued	98,702,606	98,068,416
Common stock, shares outstanding	51,073,419	50,294,261
Common stock in treasury, shares	47,629,187	47,774,155

- Definition

Total number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Shares outstanding equals shares issued minus shares held in treasury and other adjustments, if any.

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Consolidated Statements of Equity (USD $) In Millions, unless otherwise specified	Total	Common Stock	Paid-In Capital	Retained Earnings	Accum. Other Comprehensive Income (Loss)	Common Stock In Treasury	SPX Corporation Shareholders' Equity	Noncontrolling Interests
Balance at Dec. 31, 2008	$ 2,024.8	$ 972.3	$ 1,393.9	$ 2,220.5	$ (179.9)	$ (2,416.0)	$ 1,990.8	$ 34.0
Increase (Decrease) in Shareholders' Equity
Net income (loss)	16.2			31.7			31.7	(15.5)
Other comprehensive income (loss)	(32.9)				(33.7)		(33.7)	0.8
Dividends declared ($1.00 per share)	(49.2)			(49.2)			(49.2)
Exercise of stock options and other incentive plan activity, including related tax benefit of $1.1, $3.2 and $1.7 in 2011, 2010 and 2009, respectively	25.2	5.0	20.2				25.2
Amortization of restricted stock and restricted stock unit grants (includes $0.1 recorded to discontinued operations)	27.7		27.7				27.7
Restricted stock and restricted stock unit vesting, net of tax withholdings	(6.7)	1.7	(14.3)			5.9	(6.7)
Treasury stock repurchased	(113.2)					(113.2)	(113.2)
Dividends attributable to noncontrolling interests	(0.4)							(0.4)
Liquidation of noncontrolling interest due to disposition of Filtran (See Note 4)	(5.1)							(5.1)
Purchase of subsidiary shares from noncontrolling interest	(3.0)		(1.8)				(1.8)	(1.2)
Other changes in noncontrolling interests	(1.9)							(1.9)
Balance at Dec. 31, 2009	1,881.5	979.0	1,425.7	2,203.0	(213.6)	(2,523.3)	1,870.8	10.7
Increase (Decrease) in Shareholders' Equity
Net income (loss)	202.8			205.6			205.6	(2.8)
Other comprehensive income (loss)	21.3				21.0		21.0	0.3
Dividends declared ($1.00 per share)	(50.0)			(50.0)			(50.0)
Exercise of stock options and other incentive plan activity, including related tax benefit of $1.1, $3.2 and $1.7 in 2011, 2010 and 2009, respectively	31.4	5.1	26.3				31.4
Amortization of restricted stock and restricted stock unit grants (includes $0.1 recorded to discontinued operations)	31.1		31.1				31.1
Restricted stock and restricted stock unit vesting, net of tax withholdings	(12.2)	2.6	(22.0)			7.2	(12.2)
Dividends attributable to noncontrolling interests	(2.6)							(2.6)
Other changes in noncontrolling interests	0.7							0.7
Balance at Dec. 31, 2010	2,104.0	986.7	1,461.1	2,358.6	(192.6)	(2,516.1)	2,097.7	6.3
Increase (Decrease) in Shareholders' Equity
Net income (loss)	185.6			180.6			180.6	5.0
Other comprehensive income (loss)	(54.0)				(53.9)		(53.9)	(0.1)
Dividends declared ($1.00 per share)	(50.9)			(50.9)			(50.9)
Exercise of stock options and other incentive plan activity, including related tax benefit of $1.1, $3.2 and $1.7 in 2011, 2010 and 2009, respectively	29.0	4.3	24.7				29.0
Amortization of restricted stock and restricted stock unit grants (includes $0.1 recorded to discontinued operations)	41.4		41.4				41.4
Restricted stock and restricted stock unit vesting, net of tax withholdings	(16.6)	2.6	(25.0)			5.8	(16.6)
Dividends attributable to noncontrolling interests	(4.1)							(4.1)
Other changes in noncontrolling interests	2.9							2.9
Balance at Dec. 31, 2011	$ 2,237.3	$ 993.6	$ 1,502.2	$ 2,488.3	$ (246.5)	$ (2,510.3)	$ 2,227.3	$ 10.0

Consolidated Statements of Equity (Parenthetical) (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Consolidated Statements of Equity
Dividends declared, per share (in dollars per share)	$ 1.00	$ 1.00	$ 1.00
Exercise of stock options and other incentive plan activity, related tax benefit	$ 1.1	$ 3.2	$ 1.7
Amortization of restricted stock and restricted stock unit grants recorded to discontinued operations			$ 0.1

- Definition

Tax benefit associated with any equity-based compensation plan other than an employee stock ownership plan (ESOP). The tax benefit results from the deduction by the entity on its tax return for an award of stock that exceeds the cumulative compensation cost for common stock or preferred stock recognized for financial reporting. Includes any resulting tax benefit that exceeds the previously recognized deferred tax asset (excess tax benefits).

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Consolidated Statements of Cash Flows (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Cash flows from operating activities:
Net income	$ 185.6	$ 202.8	$ 16.2
Less: Income (loss) from discontinued operations, net of tax	30.7	24.8	(208.0)
Income from continuing operations	154.9	178.0	224.2
Adjustments to reconcile income from continuing operations to net cash from operating activities
Special charges, net	25.3	30.7	49.5
Gain on sale of product line			(1.1)
Impairment of goodwill and other intangible assets	28.3	1.7	6.1
Loss on early extinguishment of interest rate protection agreements and term loan		25.6
Deferred and other income taxes	(35.7)	61.6	2.7
Depreciation and amortization	87.8	81.9	75.3
Pension and other employee benefits	56.5	68.4	53.5
Stock-based compensation	39.2	29.9	26.5
Other, net	9.0	14.7	16.3
Changes in operating assets and liabilities, net of effects from acquisitions and divestitures
Accounts receivable and other assets	(14.4)	(166.9)	290.1
Inventories	(73.1)	18.5	135.1
Accounts payable, accrued expenses and other	(3.0)	(105.9)	(395.1)
Cash spending on restructuring actions	(23.4)	(19.9)	(50.2)
Net cash from continuing operations	251.4	218.3	432.9
Net cash from discontinued operations	71.2	35.3	38.2
Net cash from operating activities	322.6	253.6	471.1
Cash flows used in investing activities:
Proceeds from asset sales and other	1.1	9.6	3.6
(Increase) decrease in restricted cash	(0.4)	3.2	8.9
Business acquisitions and other investments, net of cash acquired	(747.5)	(114.8)	(131.4)
Capital expenditures	(147.2)	(71.0)	(86.4)
Net cash used in continuing operations	(894.0)	(173.0)	(205.3)
Net cash from (used in) discontinued operations (includes net cash proceeds from dispositions of $10.1 and $28.8 in 2010 and 2009, respectively)	(50.3)	(10.1)	17.1
Net cash used in investing activities	(944.3)	(183.1)	(188.2)
Cash flows from (used in) financing activities:
Borrowings under senior credit facilities	1,881.1	164.0	424.5
Repayments under senior credit facilities	(1,050.0)	(825.5)	(503.0)
Borrowings under senior notes		600.0
Repayments of senior notes	(49.5)
Borrowing under trade receivables agreement	118.0	90.0	138.0
Repayments under trade receivables agreement	(118.0)	(112.0)	(116.0)
Net borrowings (repayments) under other financing arrangements	2.8		(17.1)
Purchases of common stock			(113.2)
Proceeds from the exercise of employee stock options and other, net of minimum withholdings paid on behalf of employees for net share settlements	0.1	3.5	1.2
Purchase of noncontrolling interest in subsidiary			(3.0)
Dividends paid (includes noncontrolling interest distributions of $2.9, $2.6 and $0.4 in 2011, 2010 and 2009, respectively)	(53.4)	(52.3)	(50.3)
Financing fees paid	(17.2)	(13.0)
Net cash from (used in) continuing operations	713.9	(145.3)	(238.9)
Net cash used in discontinued operations		(1.7)	(0.3)
Net cash from (used in) financing activities	713.9	(147.0)	(239.2)
Changes in cash and equivalents due to changes in foreign currency exchange rates	3.4	9.0	3.3
Net change in cash and equivalents	95.6	(67.5)	47.0
Consolidated cash and equivalents, beginning of period	455.4	522.9	475.9
Consolidated cash and equivalents, end of period	551.0	455.4	522.9
Cash and equivalents of continuing operations	551.0	455.4	522.9
Supplemental disclosure of cash flow information:
Interest paid	90.1	73.9	94.2
Income taxes paid, net of refunds of $54.7, $25.9 and $66.4 in 2011, 2010 and 2009, respectively		30.0	35.7
Non-cash investing and financing activity:
Debt assumed	$ 19.9	$ 3.9

Consolidated Statements of Cash Flows (Parenthetical) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Consolidated Statements of Cash Flows
Discontinued operations, net cash proceeds from dispositions		$ 10.1	$ 28.8
Dividends paid, noncontrolling interest distributions	2.9	2.6	0.4
Income taxes refunds	$ 54.7	$ 25.9	$ 66.4

- Definition

The cash outflow for the return on capital for noncontrolled interest in the entity.

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Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2011

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

(1) Summary of Significant Accounting Policies

Our significant accounting policies are described below, as well as in other Notes that follow.

Basis of Presentation — The consolidated financial statements include SPX Corporation's ("our" or "we") accounts prepared in conformity with accounting principles generally accepted in the United States ("GAAP") after the elimination of intercompany transactions. Investments in unconsolidated companies where we exercise significant influence but do not have control are accounted for using the equity method. In determining whether we are the primary beneficiary of a variable interest entity ("VIE"), we perform a qualitative analysis that considers the design of the VIE, the nature of our involvement and the variable interests held by other parties to determine which party has the power to direct the activities of the VIE that most significantly impact the entity's economic performance, and the obligation to absorb losses or the right to receive benefits of the entity that could potentially be significant to the VIE. We do have interests in VIEs, primarily joint ventures, in which we are the primary beneficiary and others in which we are not. Our VIEs are considered immaterial, individually and in aggregate, to our consolidated financial statements.

Unless otherwise indicated, amounts provided in these Notes pertain to continuing operations only (see Note 4 for information on discontinued operations).

Foreign Currency Translation — The financial statements of our foreign subsidiaries are translated into U.S. dollars in accordance with the Foreign Currency Matters Topic of the Accounting Standards Codification ("Codification" or "ASC"). Balance sheet accounts are translated at the current rate at the end of each period and income statement accounts are translated at the average rate for each period. Gains and losses on foreign currency translations are reflected as a separate component of shareholders' equity and other comprehensive income (loss). Foreign currency transaction gains and losses are included in "Other expense, net," with the related net losses totaling $41.4, $27.5 and $21.2 in 2011, 2010 and 2009, respectively.

Cash Equivalents — We consider highly liquid money market investments with original maturities of three months or less at the date of purchase to be cash equivalents.

Revenue Recognition — We recognize revenues from product sales upon shipment to the customer (FOB shipping point) or upon receipt by the customer (FOB destination), in accordance with the agreed upon customer terms. Revenues from service contracts and long-term maintenance arrangements are deferred and recognized on a straight-line basis over the agreement period. Sales with FOB destination terms are primarily to power transformer industry customers. Sales to distributors with return rights are recognized upon shipment to the distributor with expected returns estimated and accrued at the time of sale. The accrual considers restocking charges for returns and in some cases the distributor must issue a replacement order before the return is authorized. Actual return experience may vary from our estimates. Amounts billed for shipping and handling are included in revenues. Costs incurred for shipping and handling are recorded in cost of products sold. We recognize revenues separately for arrangements with multiple deliverables that meet the criteria for separate units of accounting as defined by the Revenue Recognition Topic of the Codification. The deliverables under these arrangements typically include hardware and software components, installation, maintenance, extended warranties and software upgrades. Amounts allocated to each element are based on its objectively determined fair value, such as the sales price of the product or service when it is sold separately, competitor prices for similar products or our best estimate. The hardware and software components are usually recognized as revenue contemporaneously, as both are required for essential functionality of the products, with the installation being recognized upon completion. Revenues related to maintenance, extended warranties and software upgrades are deferred and recognized on a pro-rata basis over the coverage period.

We offer sales incentive programs primarily to effect volume rebates and promotional and advertising allowances. These programs are only significant to one of our business units. The liability for these programs, and the resulting reduction to reported revenues, is determined primarily through trend analysis, historical experience and expectations regarding customer participation. Taxes assessed by governmental authorities that are directly imposed on a revenue-producing transaction between a seller and a customer are presented on a net basis (excluded from revenues) in our consolidated statements of operations.

Certain of our businesses, primarily within the Flow Technology and Thermal Equipment and Services reportable segments, recognize revenues from long-term construction/installation contracts under the percentage-of-completion method of accounting. The percentage-of-completion is measured principally by the percentage of costs incurred to date for each contract to the estimated total costs for such contract at completion. We also recognize revenues for similar short-term contracts using the completed-contract method of accounting.

Provisions for estimated losses, if any, on uncompleted long-term contracts, are made in the period in which such losses are determined. In the case of customer change orders for uncompleted long-term contracts, estimated recoveries are included for work performed in forecasting ultimate profitability on certain contracts. Due to uncertainties inherent in the estimation process, it is possible that completion costs, including those arising from contract penalty provisions and final contract settlements, may be revised in the near-term. Such revisions to costs and income are recognized in the period in which the revisions are determined.

Costs and estimated earnings in excess of billings arise when revenues have been recorded but the amounts have not been billed under the terms of the contracts. These amounts are recoverable from customers upon various measures of performance, including achievement of certain milestones, completion of specified units or completion of the contract. Claims related to long-term contracts are recognized as revenue only after we have determined that collection is probable and the amount can be reliably estimated. Claims made by us involve negotiation and, in certain cases, litigation. In the event we incur litigation costs in connection with claims, such litigation costs are expensed as incurred, although we may seek to recover these costs. Claims against us are recognized when a loss is considered probable and amounts are reasonably estimable.

We recognized $1,457.5, $1,319.0 and $1,342.5 in revenues under the percentage-of-completion method for the years ended December 31, 2011, 2010 and 2009, respectively. Costs and estimated earnings on uncompleted contracts, from their inception, and related amounts billed as of December 31, 2011 and 2010 were as follows:

	2011			2010

Costs incurred on uncompleted contracts	$	2,783.5		$	2,394.7
Estimated earnings to date		750.6			662.9

		3,534.1			3,057.6
Less: Billings to date		(3,514.4	)		(3,203.4	)

		19.7			(145.8	)
Net costs and estimated earnings in excess of billings assumed in the acquisition of Clyde Union (Holdings) S.A.R.L. ("Clyde Union")		57.2			—

Net costs and estimated earnings in excess of billings (billings in excess of costs and estimated earnings)	$	76.9		$	(145.8	)

These amounts are included in the accompanying consolidated balance sheets at December 31, 2011 and 2010 as shown below. Amounts for billed retainages and receivables to be collected in excess of one year are not significant for the periods presented.

	2011			2010

Costs and estimated earnings in excess of billings⁽¹⁾	$	355.9		$	228.1
Billings in excess of costs and estimated earnings on uncompleted contracts⁽²⁾		(279.0	)		(373.9	)

Net costs and estimated earnings in excess of billings (billings in excess of costs and estimated earnings)	$	76.9		$	(145.8	)

⁽¹⁾: The December 31, 2011 and 2010 balances include $355.9 and $226.3 reported as a component of "Accounts receivable, net", respectively, and $0.0 and $1.8 as a component of "Other long-term assets" in the consolidated balance sheets, respectively.
⁽²⁾: The December 31, 2011 and 2010 balances include $275.4 and $364.5 reported as a component of "Accrued expenses", respectively, and $3.6 and $9.4 as a component of "Other long-term liabilities" in the consolidated balance sheets, respectively.

Research and Development Costs — We expense research and development costs as incurred. We charge costs incurred in the research and development of new software included in products to expense until technological feasibility is established. After technological feasibility is established, additional eligible costs are capitalized until the product is available for general release. These costs are amortized over the economic life of the related products and we include the amortization in cost of products sold. We perform periodic reviews of the recoverability of these capitalized software costs. At the time we determine that capitalized amounts are not recoverable based on the estimated cash flows to be generated from the applicable software, we write off any unrecoverable capitalized amounts. We expensed research activities relating to the development and improvement of our products of $53.0, $47.2 and $42.4 in 2011, 2010 and 2009, respectively.

Property, Plant and Equipment — Property, plant and equipment ("PP&E") is stated at cost, less accumulated depreciation. We use the straight-line method for computing depreciation expense over the useful lives of PP&E, which do not exceed 40 years for buildings and range from 3 to 15 years for machinery and equipment. Depreciation expense was $64.3, $62.4 and $60.1 for the years ended December 31, 2011, 2010 and 2009, respectively. Leasehold improvements are amortized over the life of the related asset or the life of the lease, whichever is shorter. Interest is capitalized on significant construction or installation projects. Interest capitalized during 2011 and 2010 totaled $1.3 and $3.9, respectively, while there was no interest capitalized during 2009.

Income Taxes — We account for our income taxes based on the requirements of the Income Taxes Topic of the Codification, which includes an estimate of the amount of taxes payable or refundable for the current year and deferred tax liabilities and assets for the future tax consequences of events that have been recognized in our financial statements or tax returns. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. We periodically assess the realizability of deferred tax assets and the adequacy of deferred tax liabilities, including the results of local, state, federal or foreign statutory tax audits or estimates and judgments used.

Derivative Financial Instruments — We use foreign currency forward contracts ("FX forward contracts") to manage our exposures to fluctuating currency exchange rates, and forward contracts to manage the exposure on forecasted purchases of commodity raw materials ("commodity contracts") to manage our exposures to fluctuation in certain raw material costs. We have used interest rate protection agreements ("Swaps") to manage our exposures to fluctuating interest rate risk on variable rate debt. Derivatives are recorded on the balance sheet and measured at fair value. For derivatives designated as hedges of the fair value of assets or liabilities, the changes in fair values of both the derivatives and the hedged items are recorded in current earnings. For derivatives designated as cash flow hedges, the effective portion of the changes in fair value of the derivatives is recorded in other comprehensive income/loss and subsequently recognized in earnings when the hedged items impact earnings. Changes in the fair value of derivatives not designated as hedges, and the ineffective portion of cash flow hedges, are recorded in current earnings. We do not enter into financial instruments for speculative or trading purposes.

For those transactions that are designated as cash flow hedges, on the date the derivative contract is entered into, we document our hedge relationship, including identification of the hedging instruments and the hedged items, as well as our risk management objectives and strategies for undertaking the hedge transaction. We also assess, both at inception and quarterly thereafter, whether such derivatives are highly effective in offsetting changes in the fair value of the hedged item. See Notes 13 and 16 for further information.

- Definition

The entire disclosure for all significant accounting policies of the reporting entity.

+ References+ Details

Use Of Estimates

12 Months Ended

Dec. 31, 2011

Use Of Estimates

Use Of Estimates

(2) Use Of Estimates

The preparation of our consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues (e.g., our percentage-of-completion estimates described above) and expenses during the reporting period. We evaluate these estimates and judgments on an ongoing basis and base our estimates on experience, current and expected future conditions, third-party evaluations and various other assumptions that we believe are reasonable under the circumstances. The results of these estimates form the basis for making judgments about the carrying values of assets and liabilities as well as identifying and assessing the accounting treatment with respect to commitments and contingencies. Actual results may differ from the estimates and assumptions used in the financial statements and related notes.

Listed below are certain significant estimates and assumptions used in the preparation of our consolidated financial statements. Certain other estimates and assumptions are further explained in the related notes.

Accounts Receivable Allowances — We provide allowances for estimated losses on uncollectible accounts based on our historical experience and the evaluation of the likelihood of success in collecting specific customer receivables. In addition, we maintain allowances for customer returns, discounts and invoice pricing discrepancies, with such allowances primarily based on historical experience. Summarized below is the activity for these allowance accounts.

	Year ended December 31,

	2011			2010			2009
Balance at beginning of year	$	45.6		$	45.9		$	48.8
Acquisitions		1.2			1.1			0.2
Allowances provided		17.9			18.9			11.6
Write-offs, net of recoveries and credits issued		(22.2	)		(20.3	)		(14.7	)

Balance at end of year	$	42.5		$	45.6		$	45.9

Inventory — We estimate losses for excess and/or obsolete inventory and the net realizable value of inventory based on the aging of the inventory and the evaluation of the likelihood of recovering the inventory costs based on anticipated demand and selling price.

Impairment of Long-Lived and Intangible Assets Subject to Amortization — We continually review whether events and circumstances subsequent to the acquisition of any long-lived assets, or intangible assets subject to amortization, have occurred that indicate the remaining estimated useful lives of those assets may warrant revision or that the remaining balance of those assets may not be recoverable. If events and circumstances indicate that the long-lived assets should be reviewed for possible impairment, we use projections to assess whether future cash flows on an undiscounted basis related to the assets are likely to exceed the related carrying amount to determine if a write-down is appropriate. We will record an impairment charge to the extent that the carrying value of the assets exceed their fair values as determined by valuation techniques appropriate in the circumstances, which could include the use of similar projections on a discounted basis.

In determining the estimated useful lives of definite-lived intangibles, we consider the nature, competitive position, life cycle position, and historical and expected future operating cash flows of each acquired asset, as well as our commitment to support these assets through continued investment and legal infringement protection.

Goodwill and Indefinite-Lived Intangible Assets — We test goodwill and indefinite-lived intangible assets for impairment annually during the fourth quarter and continually assess whether a triggering event has occurred to determine whether the carrying value exceeds the implied value. The fair value of reporting units is based generally on discounted projected cash flows, but we also consider factors such as comparable industry price multiples. We employ cash flow projections that we believe to be reasonable under current and forecasted circumstances, the results of which form the basis for making judgments about the carrying values of the reported net assets of our reporting units. Many of our businesses closely follow changes in the industries and end markets that they serve. Accordingly, we consider estimates and judgments that affect the future cash flow projections, including principal methods of competition, such as volume, price, service, product performance and technical innovations, as well as estimates associated with cost improvement initiatives, capacity utilization and assumptions for inflation and foreign currency changes. Actual results may differ from these estimates under different assumptions or conditions. See Note 8 for further information, including discussion of impairment charges recorded in 2011 for our SPX Heat Transfer Inc. reporting unit.

Accrued Expenses — We make estimates and judgments in establishing accruals as required under GAAP. Summarized in the table below are the components of accrued expenses at December 31, 2011 and 2010.

	December 31,

	2011		2010
Employee benefits	$	181.8	$	189.1
Unearned revenue⁽¹⁾		484.2		481.9
Warranty		46.6		38.9
Other⁽²⁾		269.4		275.1

Total	$	982.0	$	985.0

⁽¹⁾: Unearned revenue includes billings in excess of costs and estimated earnings on uncompleted contracts accounted for under the percentage-of-completion method of revenue recognition, customer deposits and unearned amounts on service contracts.
⁽²⁾: Other consists of various items, including legal, interest, restructuring and dividends payable, none of which individually require separate disclosure.

Legal — It is our policy to accrue for estimated losses from legal actions or claims when events exist that make the realization of the losses probable and they can be reasonably estimated. We do not discount legal obligations or reduce them by anticipated insurance recoveries.

Environmental Remediation Costs — We expense costs incurred to investigate and remediate environmental issues unless they extend the economic useful life of related assets. We record liabilities and report expenses when it is probable that an obligation has been incurred and the amounts can be reasonably estimated. Our environmental accruals cover anticipated costs, including investigation, remediation and operation and maintenance of clean-up sites. Our estimates are based primarily on investigations and remediation plans established by independent consultants, regulatory agencies and potentially responsible third parties. We generally do not discount environmental obligations or reduce them by anticipated insurance recoveries.

Self-Insurance — We are self-insured for certain of our workers' compensation, automobile, product, general liability, disability and health costs, and we maintain adequate accruals to cover our retained liabilities. Our accruals for self-insurance liabilities are based on claims filed and an estimate of claims incurred but not yet reported, and generally are not discounted. We consider a number of factors, including third-party actuarial valuations, when making these determinations. We maintain third-party stop-loss insurance policies to cover certain liability costs in excess of predetermined retained amounts; however, this insurance may be insufficient or unavailable (e.g., because of insurer insolvency) to protect us against potential loss exposures. The key assumptions considered in estimating the ultimate cost to settle reported claims and the estimated costs associated with incurred but not yet reported claims includes, among other things, our historical and industry claims experience, trends in health care and administrative costs, our current and future risk management programs, and historical lag studies with regard to the timing between when a claim is incurred and reported.

Warranty — In the normal course of business, we issue product warranties for specific products and provide for the estimated future warranty cost in the period in which the sale is recorded. We provide for the estimate of warranty cost based on contract terms and historical warranty loss experience that is periodically adjusted for recent actual experience. Because warranty estimates are forecasts that are based on the best available information, claims costs may differ from amounts provided. In addition, due to the seasonal fluctuations at certain of our businesses, the timing of warranty provisions and the usage of warranty accruals can vary period to period. We make adjustments to initial obligations for warranties as changes in the obligations become reasonably estimable. The following is an analysis of our product warranty accrual for the periods presented:

	Year ended December 31,

	2011			2010			2009
Balance at beginning of year	$	47.7		$	49.2		$	47.9
Acquisitions		7.7			1.7			3.6
Provisions		21.7			20.5			20.9
Usage		(20.4	)		(23.7	)		(23.2	)

Balance at end of year		56.7			47.7			49.2
Less: Current portion of warranty		46.6			38.9			37.5

Non-current portion of warranty	$	10.1		$	8.8		$	11.7

Income Taxes — We perform reviews of our income tax positions on a continuous basis and accrue for potential uncertain tax positions in accordance with the Income Taxes Topic of the Codification. Accruals for these uncertain tax positions are classified as "Income taxes payable" and "Deferred and other income taxes" in the accompanying consolidated balance sheets based on an expectation as to the timing of when the matter will be resolved. As events change or resolution occurs, these accruals are adjusted, such as in the case of audit settlements with taxing authorities. These reviews also entail analyzing the realization of deferred tax assets associated with net operating loss and credit carryforwards. When we believe that it is more likely than not that a net operating loss or credit carryforward may expire unused, we establish a valuation allowance against them. For tax positions where it is more likely than not that a tax benefit will be sustained, we record the largest amount of tax benefit with a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority, assuming such authority has full knowledge of all relevant information.

Employee Benefit Plans — We have defined benefit plans that cover a portion of our salaried and hourly employees, including certain employees in foreign countries. We derive pension expense from an actuarial calculation based on the defined benefit plans' provisions and our assumptions regarding discount rate, rate of increase in compensation levels and expected long-term rate of return on plan assets. We determine the expected long-term rate of return on plan assets based upon historical actual asset returns and the expectations of asset returns over the expected period to fund participant benefits based on the current investment mix of our plans. When determining the market-related value of plan assets, changes in the market value of all plan assets are amortized over five years rather than recognizing the changes immediately. As a result, the value of plan assets that is used to calculate the expected return on plan assets differs from the current fair value of the plan assets. We determine the discount rate by matching the expected projected benefit obligation cash flows for each of the plans to a yield curve that is representative of long-term, high-quality (rated AA or higher) fixed income debt instruments as of the measurement date. The rate of increase in compensation levels is established based on our expectations of current and foreseeable future increases in compensation. We also consult with independent actuaries in determining these assumptions. See Note 10 to the consolidated financial statements for more information.

- Definition

Provides an entity's explanation that the preparation of financial statements in conformity with generally accepted accounting principles requires the use of management estimates. Estimates used in the determination of carrying amounts of assets or liabilities, or in disclosure of gain or loss contingencies should be disclosed if known information available prior to issuance of the financial statements indicates that both of these criteria are met: (1) It is at least reasonably possible that the estimate of the effect on the financial statements of a condition, situation, or set of circumstances that existed at the date of the financial statements will change in the near term (less than one year from the date of issuance) due to one or more future confirming events, and (2) The effect of the change would be material to the financial statements. The disclosure should indicate the nature of the uncertainty and include an indication that it is at least reasonably possible that a change in the estimate will occur in the near term. Disclosure of the factors that cause the estimate to be sensitive to change also is encouraged. Entities also may identify those areas that are subject to significant estimates.

+ References+ Details

New Accounting Pronouncements

12 Months Ended

Dec. 31, 2011

New Accounting Pronouncements

New Accounting Pronouncements

(3) New Accounting Pronouncements

The following is a summary of new accounting pronouncements that apply or may apply to our business.

In June 2009, the Financial Accounting Standards Board ("FASB") issued guidance to improve financial reporting by enterprises involved with VIEs and to provide more relevant and reliable information to users of financial statements. The guidance no longer exempts qualifying special-purpose entities from the scope of the Consolidation Topic of the Codification. In addition, the amended guidance requires continuous reconsideration for determining whether an enterprise is the primary beneficiary of another entity, and ignores kick-out rights unless the rights are held by a single enterprise. Consolidation is required if an entity has power and receives benefits or absorbs losses that are potentially significant to the VIE. However, consolidation is not necessary if power is equally shared amongst unrelated parties. The guidance requires enhanced disclosures that will provide users of financial statements with more transparent information about an enterprise's involvement in a VIE. The guidance is effective for interim and annual reporting periods beginning after November 15, 2009. We adopted the guidance on January 1, 2010 with no material impact on our consolidated financial statements.

In September 2009, the FASB issued guidance with the objective of amending revenue recognition for arrangements with multiple deliverables. The guidance eliminates one previous revenue recognition criterion so that objective and reliable evidence of fair value for undelivered item(s), in a multiple element deliverable arrangement in which the delivered item or items are considered a separate unit or units, is no longer required. The guidance also determines a hierarchy for an entity to use when estimating the selling price of deliverables that meet the other two conditions for separation as follows: (1) vendor- specific objective evidence of the selling price, (2) third-party evidence of the selling price, or (3) an estimate of the selling price. In addition, the term "selling price" replaces all references to fair value in the guidance. The guidance also has eliminated the residual allocation method and requires an entity to apply the relative selling price allocation method in all circumstances where there is an absence of objective and reliable evidence for the delivered item(s) in an arrangement. Lastly, the guidance requires enhanced disclosures about the judgments and assumptions used in evaluating arrangements. Entities may elect to apply this guidance (1) prospectively to new or materially modified arrangements after the effective date or (2) retrospectively for all periods presented. The guidance is effective for fiscal years beginning on or after June 15, 2010. We adopted this guidance on January 1, 2011 with no material impact on our consolidated financial statements.

In September 2009, the FASB issued an amendment to guidance related to revenue recognition for certain revenue arrangements that include software elements. The amendment was to the scope of prior guidance, such that all tangible products containing both software and non-software components that function together to deliver the product's essential functionality will no longer be within the scope of the Software Revenue Recognition Topic of the Codification. That is, the entire product (including the software deliverables and non-software deliverables) would be outside the scope of revenue recognition guidance specific to software and would be accounted for under other accounting literature. Lastly, the guidance requires enhanced disclosures about the judgments and assumptions used in evaluating arrangements. Entities may elect to apply this guidance (1) prospectively to new or materially modified arrangements after the effective date or (2) retrospectively for all periods presented. The guidance is effective for fiscal years beginning on or after June 15, 2010. We adopted this guidance on January 1, 2011 with no material impact on our consolidated financial statements.

In January 2010, the FASB issued an amendment to guidance related to fair value disclosures. The amendment adds new requirements for disclosures about (1) transfers in and out of Levels 1 and 2 fair value measurements in which a reporting entity should disclose separately the amounts of significant transfers in and out of Levels 1 and 2 fair value measurements and the reasons for the transfers, and (2) the activity in Level 3 fair value measurements, including the reconciliation for fair value measurements using significant unobservable inputs in which an entity should present separately information about purchases, sales, issuances, and settlements. This amendment provides clarification of existing disclosures for (1) the level of disaggregation for fair value measurement disclosures for each class of assets and liabilities and (2) the valuation techniques and inputs used to measure fair value for both recurring and nonrecurring fair value measurements required for Levels 2 or 3. Lastly, this update amends guidance on employers' disclosures about postretirement benefit plan assets to require that disclosures be provided by classes of assets instead of by major categories of assets. The disclosure requirements for significant transfers in and out of Levels 1 and 2 are effective for periods beginning on or after December 15, 2009. We adopted this guidance on January 1, 2010 with no material impact on our consolidated financial statements. The requirement to provide the Level 3 activity of purchases, sales, issuances, and settlements on a gross basis is effective for fiscal years beginning after December 15, 2010. We adopted this guidance on January 1, 2011 with no material impact to our consolidated financial statements.

In July 2010, the FASB issued guidance to provide greater transparency about an entity's allowance for credit losses and the credit quality of its financing receivables. The objective is to provide disclosures that facilitate financial statement users' evaluation of (1) the nature of credit risk inherent in the entity's portfolio of financing receivables, (2) how that risk is analyzed and assessed in arriving at the allowance for credit losses, and (3) the changes and reasons for those changes in the allowance for credit losses. These objectives are achieved by providing disclosures on a disaggregated basis. This guidance also amends existing disclosure requirements to include (1) a rollforward schedule of the allowance for credit losses from the beginning of the reporting period to the end of the reporting period on a disaggregated basis, (2) the related recorded investment in financing receivables for each disaggregated ending balance, (3) the nonaccrual status of financing receivables by class of financing receivables, and (4) the impaired financing receivables by class of financing receivables. Finally, the following additional disclosures are required (by class of financing receivables unless otherwise noted): (1) credit quality indicators of financing receivables at the end of the reporting period, (2) the aging of past due financing receivables at the end of the reporting period, (3) the nature and extent of troubled debt restructuring that occurred during the period and its effect on the allowance for credit losses, (4) the nature and extent of financing receivables modified as troubled debt restructuring within the previous 12 months that defaulted during the reporting period and their effect on the allowance for credit losses, and (5) any significant purchases and sales of financing receivables during the reporting period disaggregated by portfolio segment. The guidance is effective for the first reporting period ending on or after December 15, 2010. We adopted this guidance on December 31, 2010 with no material impact on our consolidated financial statements.

In December 2010, the FASB issued guidance to modify the goodwill impairment test by eliminating an entity's ability to assert that a reporting unit is not required to perform Step 2 of the goodwill impairment test if the carrying amount of the reporting unit is zero or negative, despite the existence of qualitative factors that indicate that the goodwill is more likely than not impaired. For such reporting units, an entity is required to perform Step 2 of the goodwill impairment test if it is more likely than not that goodwill impairment exists. In determining whether it is more likely than not that a goodwill impairment exists, an entity should consider whether there are any adverse qualitative factors indicating that impairment may exist. The qualitative factors are consistent with the existing guidance, which require that goodwill of a reporting unit be tested for impairment between interim or annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. The guidance is effective for the first reporting period beginning after December 15, 2010. We adopted the guidance on January 1, 2011 with no material impact on our consolidated financial statements.

In December 2010, the FASB issued guidance to clarify that if a public entity presents comparative financial statements for business combinations that are material on an individual or aggregate basis, the entity should disclose revenues and earnings of the combined entity as though the business combination had occurred as of the beginning of the comparable prior annual reporting period only. Additionally, the guidance expands the supplemental pro forma disclosures to include a description of the nature and amount of material, nonrecurring, adjustments directly attributable to the business combination included in the reported pro forma revenue and earnings. The guidance is effective prospectively for business combinations for which the acquisition date is on or after the beginning of the first annual reporting period beginning on or after December 15, 2010. We adopted the guidance on January 1, 2011 and have provided the necessary disclosures in Note 4 to the consolidated financial statements herein.

In June 2011, and amended in December 2011, the FASB issued guidance to revise the presentation of comprehensive income by requiring entities to report components of comprehensive income in either a single continuous statement of comprehensive income or two separate but consecutive statements. The single continuous statement of comprehensive income must include the components of net income, a total for net income, the components of other comprehensive income ("OCI"), a total for OCI, and a total for comprehensive income. The separate but consecutive statements must report components of net income and total net income in the statement of net income, which must be immediately followed by a statement of OCI that must include the components of OCI, a total for OCI, and a total for comprehensive income. Each method requires entities to display adjustments for items that are reclassified from OCI to net income in both net income and OCI. The guidance is effective for the first reporting period in fiscal years beginning after December 15, 2011 and must be applied retrospectively for all periods presented in the financial statements. Early adoption is permitted. We retrospectively applied this guidance for all periods presented within this Form 10-K/A, with no material impact on our consolidated financial statements.

In September 2011, the FASB issued an amendment to guidance related to testing goodwill for impairment. Under the revised guidance, entities testing goodwill for impairment have the option of performing a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test under Topic 350 of the Codification. If entities determine, on the basis of qualitative factors, that the fair value of the reporting unit is more likely than not less than the carrying amount, the two-step impairment test would be required. The amendment is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Early adoption is permitted, including for annual and interim goodwill impairment tests performed as of a date before September 15, 2011. We have not yet adopted this guidance and do not expect the adoption to have a material impact on our consolidated financial statements.

In September 2011, the FASB issued an amendment to guidance related to the disclosures about an employer's participation in a multiemployer plan, to add to the disclosure requirements for businesses that take part in multiemployer pension plans. The amendment adds significant new qualitative disclosures about the multiemployer plans including background information and descriptions of the plan. The amendments also require employers to state if their payments are more than 5% of a plan's total contributions and indicate if there are any plans that have programs to make up for funding shortfalls and state the expiration date of any collective bargaining agreements with employees and minimum funding arrangements. The disclosures are required to address a plan's funding status as defined by the Pension Protection Act of 2006. If the status is unavailable, the disclosures are to indicate whether the plan is less than 65% funded, between 65% and 80% funded, or more than 80% funded. For public companies, the amendments are effective for annual reporting periods ending after December 15, 2011, with early adoption permitted, and should be applied retrospectively for all prior periods presented. We adopted the guidance for the year ended December 31, 2011 and have provided the necessary disclosures in Note 10 to the consolidated financial statements.

In December 2011, the FASB issued an amendment to disclosure requirements related to offsetting, whereby entities are required to disclose both gross information and net information about both instruments and transactions eligible for offset in the statement of financial position and instruments and transactions subject to an agreement similar to a master netting arrangement. These disclosures assist users of financial statements in evaluating the effect or potential effect of netting arrangements on a company's financial position, including the effect or potential effect of rights of setoff associated with the recognized assets and recognized liabilities within the scope. The amendment applies to a) recognized financial and derivative instruments that are offset in accordance with either ASC 210-20 or ASC 815-10 and b) financial and derivative instruments and other transactions that are subject to an enforceable master netting arrangement or similar agreement that covers similar instruments and transactions. This amendment will be effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods, and shall be applied retrospectively for all comparative periods presented. We have not yet adopted this guidance and do not expect the adoption to have a material impact on our consolidated financial statements.

- Definition

The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period.

+ References+ Details

Acquisitions, Discontinued Operations and Other Dispositions

12 Months Ended

Dec. 31, 2011

Acquisitions, Discontinued Operations and Other Dispositions

Acquisitions, Discontinued Operations and Other Dispositions

(4) Acquisitions, Discontinued Operations and Other Dispositions

We use acquisitions as a part of our strategy to gain access to customer relationships, new technology, expand our geographical reach, penetrate new markets and leverage our existing product, market, manufacturing and technical expertise. Further, as part of our operating strategy, we regularly review and negotiate potential divestitures, some of which are or may be material. As a result of this continuous review, we determined that certain of our businesses would be better strategic fits with other companies or investors. Acquisitions and divestitures for the years ended December 31, 2011, 2010 and 2009 are described below.

The consolidated statements of operations include the results of each acquired business since the date of acquisition. The assets acquired and liabilities assumed are recorded at estimates of fair values as determined by us based on information available at the acquisition date. We consider a number of factors, including third-party valuations or appraisals, when making these determinations. We will recognize additional assets or liabilities if new information is obtained during the measurement period about facts and circumstances that existed as of the acquisition date that, if known, would have resulted in the recognition of those assets and liabilities as of that date. The measurement period shall not exceed one year from the acquisition date. Refer to Note 8 for additional disclosure on the purchase price adjustments of the following acquisitions.

Acquisitions — 2011

On August 24, 2011, in our Flow Technology reportable segment, we entered into an agreement to purchase Clyde Union, a global supplier of pump technologies that are utilized in oil and gas processing, power generation and other industrial applications. On November 1, 2011, and again upon consummation of the acquisition on December 22, 2011, we executed amendments to that agreement. The amended agreement provides for (i) an initial payment of 500.0 British Pounds ("GBP"), less debt assumed and other adjustments of GBP 11.0. In addition, the purchase price includes a potential earn-out payment (equal to Annual 2012 Group EBITDA (as defined by the related agreement) × 10, less GBP 475.0). In no event shall the earn-out payment be less than zero or more than GBP 250.0. The sellers of Clyde Union also contributed GBP 25.0 of cash to the acquired business at the time of sale.

We financed the acquisition with available cash and committed senior secured financing. See Note 12 to the consolidated financial statements for further details on the senior secured financing. The estimated fair value of the contingent consideration (earn-out payment) was less than $1.0 at the date of acquisition (December 22, 2011) as well as at December 31, 2011.

The assets acquired and liabilities assumed were recorded at preliminary estimates of fair values as determined by management, based on information currently available and on current assumptions as to future operations, and are subject to change upon the completion of acquisition accounting, including the finalization of asset valuations.

The following is a summary of the recorded preliminary fair values of the assets acquired and liabilities assumed for Clyde Union as of December 22, 2011:


Assets acquired:
Current assets, including cash and equivalents of $44.3	$	353.8
Property, plant and equipment		67.3
Goodwill		314.8
Intangible assets		385.4
Other assets		28.5

Total assets acquired		1,149.8

Liabilities assumed:
Current liabilities		222.0
Other long-term liabilities		159.0

Total liabilities assumed		381.0

Noncontrolling interest		1.8

Net assets acquired	$	767.0

The identifiable intangible assets acquired consist of trademarks, customer lists, customer relationships and technology of $76.8, $14.7, $234.3 and $59.6, respectively, with such amounts based on a preliminary assessment of the related fair values. We expect to amortize the customer lists, customer relationships and technology assets over 1.5, 24.0 and 23.0 years, respectively.

The qualitative factors that comprise the recorded goodwill include expected synergies from combining our existing and Clyde Union's operations, expected market growth for existing Clyde Union operations as well as other factors. We expect none of this goodwill to be deductible for income tax purposes.

We acquired gross receivables of $191.9, which had a fair value on acquisition date of $190.7 based on our estimates of cash flows expected to be recovered.

Between the acquisition date and December 31, 2011, we recognized revenues and a net loss for Clyde Union of $13.6 and $0.4, respectively. During 2011, we incurred acquisition related costs for Clyde Union of $5.6, which have been recorded to "Selling, general and administrative" within our consolidated financial statements.

The following unaudited pro forma information presents our results of operations as if the acquisition of Clyde Union had taken place on January 1, 2010. The unaudited pro forma financial information is not intended to represent or be indicative of our consolidated results of operations that would have been reported had the acquisition been completed as of the dates presented, and should not be taken as representative of our future consolidated results of operations. The pro forma results include estimates and assumptions that management believes are reasonable. However, these results do not include any anticipated cost savings or expenses of the planned integration of Clyde Union. These pro forma results of operations have been prepared for comparative purposes only and include the following adjustments to historical results for the periods presented:

•

Additional depreciation and amortization expense associated with the fair value adjustments to the acquired Clyde Union property, plant and equipment and intangible assets (2011 — $5.5 and 2010 — $10.6).

•

The elimination of interest expense related to the portion of Clyde Union's long-term debt that was paid-off at the time of the acquisition (2011 — $17.8 and 2010 — $11.1).

•

The addition of interest expense associated with the term loans that were drawn down in order to finance the Clyde Union acquisition (2011 — $19.0 and 2010 — $20.3).

•

The elimination of rent expense associated with a facility in Scotland that had been leased by Clyde Union and which we purchased on December 23, 2011 (2011 — $2.1 and 2010 — $2.0).

•

The elimination of $34.6 in charges incurred in 2011 associated with the foreign currency protection agreements that we entered into to hedge the Clyde Union purchase price.

•

The elimination of $7.4 of transaction fees incurred in 2011 in connection with the acquisition (Buyer — $5.6 and Seller — $1.8).

•

A reduction in bonding costs for Clyde Union due to more favorable rates under our senior credit facilities (2011 — $5.9 and 2010 — $5.5).

•

The above modifications were adjusted for the applicable income tax impact.

	Year Ended December 31,

	2011		2010
Revenues	$	4,985.6	$	4,517.3
Income from continuing operations attributable to SPX Corporation common shareholders		157.8		195.3
Net income attributable to SPX Corporation common shareholders		188.5		220.1
Income from continuing operations:
Basic	$	3.12	$	3.93
Diluted	$	3.10	$	3.88
Net income attributable to SPX Corporation common shareholders:
Basic	$	3.73	$	4.43
Diluted	$	3.70	$	4.37

On October 31, 2011, in our Flow Technology reportable segment, we completed the acquisition of e&e Verfahrenstechnik GmbH ("e&e"), a supplier of extraction, evaporation, vacuum and freeze drying technologies to the global food and beverage, pharmaceutical and bioenergy industries for a purchase price of approximately 11.7 Euros, net of cash assumed of 3.8 Euros, with an additional potential earn-out of 3.5 Euros. e&e had revenues of approximately 15.3 Euros in the twelve months prior to the date of acquisition.

In March 2011, in our Flow Technology reportable segment, we completed the acquisition of B.W. Murdoch Ltd. ("Murdoch"), an engineering company supplying processing solutions for the food and beverage industry, for a purchase price of $8.1. Murdoch had revenues of approximately $13.0 in the twelve months prior to the date of acquisition.

The pro forma effects of the acquisitions of e&e and Murdoch were not material, individually or in the aggregate, to our results of operations.

Acquisitions — 2010

In July 2010, in our Flow Technology reportable segment, we completed the acquisition of the Anhydro business ("Anhydro"), a global supplier of liquid concentration equipment, powder processing solutions, and dewatering plants and equipment, for a purchase price of $59.1, net of cash acquired of $10.9. Anhydro had revenues of approximately $71.0 in the twelve months prior to the date of acquisition.

In April 2010, in Industrial Products and Services, we completed the acquisition of Torque Tension Systems Ltd. ("TTS"), a global supplier of hydraulic torque wrench and tensioner tool products, for a purchase price of $15.7, net of cash acquired of $2.4. TTS had revenues of approximately $9.0 in the twelve months prior to the date of acquisition.

In February 2010, in our Flow Technology reportable segment, we completed the acquisition of Gerstenberg Schröder A/S ("Gerstenberg"), a designer, manufacturer, installer and servicer of processing systems and components serving the global food industry, for a purchase price of $30.9, net of cash acquired of $3.5 and including debt assumed of $3.9. Gerstenberg had revenues of approximately $57.0 in the twelve months prior to the date of acquisition.

The pro forma effects of the acquisitions of Anhydro, TTS and Gerstenberg were not material, individually or in the aggregate, to our results of operations.

Acquisitions — 2009

In December 2009, in the Thermal Equipment and Services reportable segment, our SPX Heat Transfer Inc. subsidiary completed the acquisition of substantially all the assets and certain liabilities of Yuba Heat Transfer, LLC ("Yuba"), a global supplier of heat transfer equipment utilized by nuclear, solar, geothermal, gas and coal power generation facilities, for a purchase price of $127.8, after adjusting for a working capital settlement during 2010 of $1.4. Yuba had revenues of approximately $129.0 in the twelve months prior to the date of acquisition. The pro forma effect of the acquisition was not material to our results of operations.

Discontinued Operations

We report businesses or asset groups as discontinued operations when, among other things, we commit to a plan to divest the business or asset group, actively begin marketing the business or asset group, and when the sale of the business or asset group is deemed probable within the next twelve months. The following businesses, which have been sold, met these requirements, and therefore have been reported as discontinued operations for the periods presented.

Business

Cooling Spain Packaging business ("Cooling Spain")	Q4 2010	Q4 2010
P.S.D., Inc. ("PSD")	Q2 2009	Q1 2010
Automotive Filtration Solutions business ("Filtran")	Q4 2008	Q4 2009
Dezurik	Q3 2008	Q1 2009

Cooling Spain — Sold for cash consideration of one Euro (exclusive of cash transferred with the business of $2.3), resulting in a loss, net of taxes, of $1.9 during 2010. During 2011, we recorded a net charge of $0.1 to "Gain (loss) on disposition of discontinued operations, net of tax" within our consolidated statement of operations in connection with adjustments to certain liabilities that we retained.

PSD — Sold for cash consideration of $3.0, resulting in a gain, net of taxes, of $3.6 during 2010. During 2009, we recorded a net charge of $7.3 to "Gain (loss) on disposition of discontinued operations, net of tax" within our consolidated statement of operations in order to reduce the carrying value of the net assets to be sold to their estimated net realizable value.

Filtran — Our original plan for disposition contemplated the buyout of the minority interest shareholder in order to allow us to sell 100% of the Filtran business. As a result of the planned divestiture, and in consideration of the contemplated buyout of the minority interest shareholder, we recorded a total impairment charge attributable to SPX common shareholders of $23.0 during 2008 in order to reduce the carrying value of the Filtran net assets to be sold to their estimated net realizable value. Of the $23.0 charge, $6.5 was recorded to "Gain (loss) on disposition of discontinued operations, net of tax" within our 2008 consolidated statement of operations.

In October 2009, we completed the sale of the Filtran business for total consideration of approximately $15.0, including $10.0 in cash and a promissory note of $5.0. In connection with the sale, we did not buy out the minority interest shareholder and, thus, sold only our share of the Filtran business. As a result, we reclassified $16.5 of the impairment charge incurred during 2008 from "Net income (loss) attributable to noncontrolling interests" to "Gain (loss) on disposition of discontinued operations, net of tax" within our consolidated statement of operations in 2009. This reclassification had no impact on net income attributable to SPX common shareholders. In addition, based on the amount of consideration received and adjustments to certain liabilities that we retained, we recorded an additional charge of $7.7 during 2009 to "Gain (Loss) on disposition of discontinued operations, net of tax."

During 2011 and 2010, we recorded a net loss of $0.1 and a net gain of $1.3, respectively, to "Gain (loss) on disposition of discontinued operations, net of tax" within our consolidated statements of operations related primarily to adjustments to certain tax liabilities that we retained. In addition, in 2010, we were paid in full (i.e., $5.0) for the promissory note previously mentioned.

Dezurik — Sold for total consideration of $23.5, including $18.8 in cash and a promissory note of $4.7, resulting in a loss, net of taxes, of $1.6 during 2009. During 2008, we recorded a net charge of $6.0 to "Gain (loss) on disposition of discontinued operations, net of tax" within our consolidated statement of operations in order to reduce the carrying value of the net assets to be sold to their estimated net realizable value. During 2011 and 2010, we recorded net charges of $0.2 and $0.1, respectively, in connection with adjustments to certain liabilities that we retained and, in 2010, we received payment of the promissory note mentioned above.

In addition to the businesses discussed above, we recognized net gains of $0.7, $1.5 and $6.7 during 2011, 2010 and 2009, respectively, resulting from adjustments to gains/losses on businesses that we sold (and included in discontinued operations) prior to 2009.

During 2010, the field examinations of our 2006 and 2007 federal income tax returns were completed by the Internal Revenue Service ("IRS"). In connection with the completion of these examinations, we reduced our liability for uncertain tax positions and recognized an income tax benefit of $7.3 to "Gain (loss) on disposition of discontinued operations, net of tax" associated with a business previously disposed of and reported as a discontinued operation.

The final sales price for certain of the divested businesses is subject to adjustment based on working capital existing at the respective closing dates. The working capital figures are subject to agreement with the buyers or, if we cannot come to agreement with the buyers, an arbitration process. Final agreement of the working capital figures with the buyers for some of these transactions has yet to occur. In addition, changes in estimates associated with liabilities retained in connection with a business divestiture (e.g., income taxes) may occur. It is possible that the sales price and resulting gains/losses on these and other previous divestitures may be materially adjusted in subsequent periods. Refer to Note 11 for the tax implications associated with our dispositions.

On January 23, 2012, we entered into an agreement to sell our Service Solutions business to Robert Bosch GmbH for cash proceeds of $1,150.0. We expect the sale to close during the second half of 2012, resulting in an estimated net gain of approximately $450.0. As previously discussed, we have reported our Service Solutions business as a discontinued operation within this Amendment No. 1 on Form 10-K/A for all periods presented.

For 2011, 2010 and 2009, income (loss) from discontinued operations and the related income taxes are shown below:

	Year ended December 31,

	2011			2010		2009
Income (loss) from discontinued operations⁽¹⁾	$	47.5		$	19.8	$	(255.5	)
Income tax (expense) benefit⁽¹⁾		(16.8	)		5.0		47.5

Income (loss) from discontinued operations, net⁽¹⁾	$	30.7		$	24.8	$	(208.0	)

⁽¹⁾: Amounts for 2009 included impairment charges of $188.7 associated with goodwill and certain intangible assets of the Service Solutions business, along with the related income tax benefit of $23.3.

For 2011, 2010 and 2009, results of operations from our businesses reported as discontinued operations were as follows:

	Year ended December 31,

	2011		2010		2009
Revenues	$	910.5	$	778.8	$	760.8
Pre-tax income (loss)⁽¹⁾		50.5		20.5		(206.5	)

⁽¹⁾: Amount for 2009 included impairment charges of $188.7 associated with goodwill and certain intangible assets of the Service Solutions business.

The major classes of assets and liabilities, excluding intercompany balances, of the business reported as discontinued operations included in the accompanying consolidated balance sheets are shown below:

	December 31, 2011		December 31, 2010

Assets:
Accounts receivable, net	$	191.8	$	194.7
Inventories		127.7		108.9
Other current assets		9.3		8.8
Property, plant and equipment, net		48.7		50.6
Goodwill and intangibles, net		283.9		257.2
Other assets		58.7		66.1

Assets of discontinued operations	$	720.1	$	686.3

Liabilities:
Accounts payable	$	109.3	$	105.2
Accrued expenses		109.4		95.1
Income taxes payable		1.5		—
Deferred and other income taxes		6.6		3.0
Other liabilities		7.6		6.8

Liabilities of discontinued operations	$	234.4	$	210.1

Other Dispositions

On December 30, 2011, we completed the formation of a joint venture with Shanghai Electric Group Co., Ltd. The joint venture will supply dry cooling and moisture separator reheater products and services to the powers sector in China as well as other selected regions of the world. We contributed and sold certain assets of our dry cooling products business in China to the joint venture in consideration for (i) a 45% ownership interest in the joint venture and (ii) cash payments of RMB 96.7, with RMB 51.5 received on January 18, 2012, RMB 25.8 to be received by December 31, 2012, and the remaining RMB payment contingent upon the joint venture achieving defined sales order volumes (the "transaction"). In addition, we are licensing our dry cooling and moisture separator reheater technologies to the joint venture, for which we will receive a royalty. We also will continue to manufacture dry cooling components in our China factories and have entered into an exclusive supply agreement with the joint venture for these products. Final approval for the transaction was not received until January 13, 2012. We have determined that this transaction meets the deconsolidation criteria of ASC 810, "Consolidation," and, thus, recorded a gain for the transaction equal to the estimated fair value of our investment in the joint venture plus any consideration received, less the carrying value of assets contributed and sold to the joint venture. The net gain associated with this transaction was recorded in the first quarter of 2012.

Information on Reportable Segments and Other Operating Segments

12 Months Ended

Dec. 31, 2011

Information on Reportable Segments and Other Operating Segments

Information on Reportable Segments and Other Operating Segments

(5) Information on Reportable Segments and Other Operating Segments

We are a global provider of flow technology, thermal equipment and services and industrial products and services with operations in over 35 countries. We offer a diverse collection of products, such as pumps, valves, fluid handling equipment, metering and mixing solutions, cooling, heating and ventilation products, power transformers, and TV and radio broadcast antennas. Our products are used by a broad array of customers in various industries, including food and beverage processing, power generation, chemical processing, pharmaceuticals, infrastructure, mineral processing, petrochemical, telecommunications and transportation.

On May 2, 2012, we filed our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2012. Beginning with that quarterly report, we classified our Service Solutions business (a business previously reported within the Test and Measurement reportable segment) as a discontinued operation (see Note 4 for additional discussion). As a result, we changed our segment reporting structure. A summary of the revised segment reporting structure implemented during the quarter ended March 31, 2012 is as follows:

•

Similar to the past, we aggregated certain of our operating segments into Flow Technology and Thermal Equipment and Services, our two remaining reportable segments.

•

The remaining two businesses that had been reported within the Test and Measurement reportable segment are no longer reported as a separate reportable segment, as the operating results of these two businesses had not been, and were not expected to be, material to our consolidated financial statements.

•

These two businesses, along with our remaining operating segments, which do not meet the quantitative threshold criteria of the Segment Reporting Topic of the Codification, were combined within our "All Other" category Industrial Products and Services. This is not considered a reportable segment.

For all periods presented, this Amendment No. 1 on Form 10-K/A reflects the changes that were made to our segment reporting structure during the quarter ended March 31, 2012.

The factors considered in determining our reportable segments are the economic similarity of the businesses, the nature of products sold or services provided, production processes, types of customers and distribution methods. In determining our segments, we apply the threshold criteria of the Segment Reporting Topic of the Codification to operating income or loss of each segment before considering impairment and special charges, pensions and postretirement expense, stock-based compensation and other indirect corporate expenses. This is consistent with the way our chief operating decision maker evaluates the results of each segment.

Revenues by reportable segment and our other operating segments and geographic area represent sales to unaffiliated customers, and no one customer or group of customers that, to our knowledge, are under common control accounted for more than 10% of our consolidated revenues for any period presented. Intercompany revenues among reportable segments and our other operating segments are not significant. Identifiable assets by reportable segment and for the other operating segments are those used in the respective operations of each. General corporate assets are principally cash, pension assets, deferred tax assets, certain prepaid expenses, fixed assets, and our 44.5% interest in the EGS Electrical Group, LLC and subsidiaries ("EGS") joint venture. See Note 9 to the consolidated financial statements for financial information relating to EGS.

Flow Technology Reportable Segment

Our Flow Technology segment designs, manufactures and markets products and solutions that are used to process, blend, filter, dry, meter and transport fluids with a focus on creating innovative new products and systems and also provides comprehensive aftermarket support services. Primary offerings include engineered pumps, mixers, process systems, heat exchangers, valves, and dehydration and drying technologies. The segment continues to focus on optimizing its global footprint while taking advantage of cross-product integration opportunities and increasing its competitive position in global end markets. Flow Technology's solutions focus on key business drivers, such as product flexibility, process optimization, sustainability and safety.

Thermal Equipment and Services Reportable Segment

Our Thermal Equipment and Services segment engineers, manufactures and services cooling, heating and ventilation products for markets throughout the world. Primary offerings include dry, wet and hybrid cooling systems for the power generation, refrigeration, HVAC and industrial markets, as well as boilers, heating and ventilation products for the commercial and residential markets. This segment also provides thermal components for power generation plants and engineered services to maintain, refurbish, upgrade and modernize power stations. The segment continues to focus on expanding its global reach, including increasing its dry cooling, heating and ventilation presence in Asia, as well as its thermal components and service offerings. The segment's South African subsidiary has a Black Economic Empowerment shareholder, which holds a noncontrolling 25.1% interest.

Industrial Products and Services

Industrial Products and Services comprises operating segments that design, manufacture and market power systems, industrial tools and hydraulic units, precision machine components for the aerospace industry, crystal growing machines for the solar power generation market, television, radio and cell phone and data transmission broadcast antenna systems, communications and signal monitoring systems, fare collection systems, portable cable and pipe locators, and precision controlled industrial ovens and chambers. These operating segments continue to focus on global expansion opportunities.

Corporate Expense

Corporate expense generally relates to the cost of our Charlotte, NC corporate headquarters and our Asia Pacific center in Shanghai, China.

Financial data for our reportable segments and other operating segments, including the results of acquisitions from the dates of the respective acquisitions, for the years ended December 31, 2011, 2010 and 2009 were as follows:

	2011		2010		2009

Revenues:
Flow Technology reportable segment	$	2,042.0	$	1,662.2	$	1,634.1
Thermal Equipment and Services reportable segment		1,644.2		1,602.1		1,595.5
Industrial Products and Services		865.2		849.6		945.5

Total	$	4,551.4	$	4,113.9	$	4,175.1

Income:
Flow Technology reportable segment	$	268.4	$	215.6	$	210.9
Thermal Equipment and Services reportable segment		141.9		193.7		171.8
Industrial Products and Services		109.7		124.1		198.2

Total income for reportable and other operating segments		520.0		533.4		580.9
Corporate expense		105.9		98.4		87.1
Pension and postretirement expense		35.4		52.2		37.2
Stock-based compensation expense		39.2		29.9		26.5
Special charges, net		25.3		30.7		49.5
Impairment of goodwill and other intangible assets		28.3		1.7		6.1

Consolidated operating income	$	285.9	$	320.5	$	374.5

Capital expenditures:
Flow Technology reportable segment	$	59.6	$	23.2	$	17.6
Thermal Equipment and Services reportable segment		12.4		13.1		22.0
Industrial Products and Services		60.1		14.4		11.8
General corporate		15.1		20.3		35.0

Total	$	147.2	$	71.0	$	86.4

Depreciation and amortization:
Flow Technology reportable segment	$	41.1	$	36.5	$	34.0
Thermal Equipment and Services reportable segment		24.0		24.2		21.0
Industrial Products and Services		15.7		15.4		14.7
General corporate		7.0		5.8		5.6

Total	$	87.8	$	81.9	$	75.3

Identifiable assets:
Flow Technology reportable segment	$	3,359.9	$	2,098.0	$	1,988.3
Thermal Equipment and Services reportable segment		1,825.2		1,809.1		1,789.5
Industrial Products and Services		781.1		670.7		714.0
General corporate		705.5		729.2		576.0
Discontinued operations		720.1		686.3		657.2

Total	$	7,391.8	$	5,993.3	$	5,725.0

Geographic Areas:	2011		2010		2009

Revenues:⁽¹⁾
United States	$	2,237.7	$	2,024.1	$	2,102.3
Germany		387.6		413.4		587.6
China		277.5		362.9		272.3
South Africa		281.4		241.5		138.1
United Kingdom		239.7		219.1		229.5
Other		1,127.5		852.9		845.3

	$	4,551.4	$	4,113.9	$	4,175.1

Tangible Long-Lived Assets:
United States	$	1,075.1	$	854.8	$	687.9
Other		284.0		239.2		204.7

Long-lived assets of continuing operations		1,359.1		1,094.0		892.6
Long-lived assets of discontinued operations		107.4		116.7		96.5

Total tangible long-lived assets	$	1,466.5	$	1,210.7	$	989.1

⁽¹⁾: Revenues are included in the above geographic areas based on the country that recorded the customer revenue.

Special Charges, Net

12 Months Ended

Dec. 31, 2011

Special Charges, Net

Special Charges, Net

(6) Special Charges, Net

As part of our business strategy, we right-size and consolidate operations to improve long-term results. Additionally, from time to time, we alter our business model to better serve customer demand, fix or discontinue lower-margin product lines and rationalize and consolidate manufacturing capacity. Our restructuring and integration decisions are based, in part, on discounted cash flows to achieve our goals of increased outsourcing, reduced structural footprint and maintaining profitability in a difficult economic environment. As a result of our strategic review process, we recorded net special charges of $25.3 in 2011, $30.7 in 2010 and $49.5 in 2009. These net special charges were primarily for restructuring initiatives to consolidate manufacturing and sales facilities, reduce workforce, and rationalize certain product lines, as well as asset impairment charges.

The components of the charges have been computed based on actual cash payouts, including severance and other employee benefits based on existing severance policies, local laws, and other estimated exit costs, and our estimate of the realizable value of the affected tangible and intangible assets.

Impairments of long-lived assets, including amortizable intangibles, which represent non-cash asset write-downs, typically arise from business restructuring decisions that lead to the disposition of assets no longer required in the restructured business. For these situations, we recognize a loss when the carrying amount of an asset exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. Fair values for assets subject to impairment testing are determined primarily by management, taking into consideration various factors including third-party appraisals, quoted market prices and previous experience. If an asset remains in service at the decision date, the asset is written down to its fair value and the resulting net book value is depreciated over its remaining economic useful life. When we commit to a plan to sell an asset, including the initiation of a plan to locate a buyer, and it is probable that the asset will be sold within one year based on its current condition and sales price, depreciation of the asset is discontinued and the asset is classified as an asset held for sale. The asset is written down to its fair value less any selling costs.

Liabilities for exit costs, including, among other things, severance, other employee benefit costs, and operating lease obligations on idle facilities, are measured initially at their fair value and recorded when incurred.

With the exception of certain multi-year operating lease obligations and other contractual obligations, which are not material to our consolidated financial statements, we anticipate that the liabilities related to restructuring actions will be paid within one year from the period in which the action was initiated.

Special charges for the years ended December 31, 2011, 2010 and 2009 are described in more detail below and in the applicable sections that follow.

	2011		2010		2009

Employee termination costs	$	11.5	$	18.4	$	29.1
Facility consolidation costs		5.5		4.0		5.6
Other cash costs		0.1		1.5		5.5
Non-cash asset write-downs		8.2		6.8		9.3

Total	$	25.3	$	30.7	$	49.5

2011 Charges:

	Employee Termination Costs		Facility Consolidation Costs		Other Cash Costs		Non-Cash Asset Write-downs		Total Special Charges

Flow Technology reportable segment	$	6.4	$	4.1	$	—	$	—	$	10.5
Thermal Equipment and Services reportable segment		2.2		0.7		—		—		2.9
Industrial Products and Services		2.6		—		—		1.7		4.3
Corporate		0.3		0.7		0.1		6.5		7.6

Total	$	11.5	$	5.5	$	0.1	$	8.2	$	25.3

Flow Technology reportable segment — Charges for 2011 related primarily to headcount reductions at facilities in Germany and China, lease exit costs for facilities in Denmark, France and New Zealand, the continued integration of the Anhydro and Gerstenberg acquisitions, the reorganization of the segment's systems business, the transition of certain European back-office positions to the shared service center in Manchester, United Kingdom, and additional costs associated with restructuring activities initiated in 2010. These activities resulted in the termination of 133 employees.

Thermal Equipment and Services reportable segment — Charges for 2011 related primarily to costs associated with headcount reductions at facilities in Germany and Italy and lease exit costs associated with two facilities in Germany. These activities resulted in the termination of 58 employees.

Industrial Products and Services — Charges for 2011 related primarily to costs associated with headcount reductions at facilities in Raymond, ME and Franklin, TN, and asset impairment charges of $1.7. These activities resulted in the termination of 112 employees.

Corporate — Charges for 2011 related primarily to our legal entity reduction initiative and asset impairment charges of $6.5 associated with our decision to postpone the construction of a manufacturing facility in Shanghai, China.

As it relates to plans approved as of December 31, 2011, expected charges still to be incurred are approximately $1.0.

2010 Charges:

	Employee Termination Costs		Facility Consolidation Costs		Other Cash Costs		Non-Cash Asset Write-downs		Total Special Charges

Flow Technology reportable segment	$	6.1	$	3.0	$	0.5	$	2.1	$	11.7
Thermal Equipment and Services reportable segment		11.9		—		0.3		4.0		16.2
Industrial Products and Services		0.4		0.1		—		—		0.5
Corporate		—		0.9		0.7		0.7		2.3

Total	$	18.4	$	4.0	$	1.5	$	6.8	$	30.7

Flow Technology reportable segment — Charges for 2010 related primarily to headcount reduction costs at various facilities in Europe, lease exit costs for one facility in Australia and two facilities in New Zealand, additional costs associated with restructuring activities initiated in 2009, and asset impairment charges associated with an idle facility in Lake Mills, WI ($2.1 for 2010), as well as costs associated with the segment's regional reorganization, the movement of certain functions to the new European shared service center in Manchester, United Kingdom, and integration activities related to the Anhydro and Gerstenberg acquisitions. These activities resulted in the termination of 152 employees.

Thermal Equipment and Services reportable segment — Charges for 2010 related primarily to costs associated with headcount reductions at facilities in Leipzig, Germany; Ratingen, Germany; Rothemuhle, Germany; Michigan City, IN; and Tulsa, OK. Additionally, charges for 2010 included asset impairment charges of $4.0. These activities resulted in the termination of 269 employees.

Industrial Products and Services — Charges for 2010 related primarily to costs associated with headcount reductions at facilities in White Deer, PA and Rochester, NY. These activities resulted in the termination of 81 employees.

Corporate — Charges for 2010 related primarily to asset impairment and facility exit charges of $1.1 and costs related to our legal entity reduction initiative.

2009 Charges:

	Employee Termination Costs		Facility Consolidation Costs		Other Cash Costs			Non-Cash Asset Write-downs		Total Special Charges

Flow Technology reportable segment	$	16.1	$	4.1	$	2.7		$	1.8	$	24.7
Thermal Equipment and Services reportable segment		8.7		—		(0.3	)		5.5		13.9
Industrial Products and Services		3.7		—		0.1			0.1		3.9
Corporate		0.6		1.5		3.0			1.9		7.0

Total	$	29.1	$	5.6	$	5.5		$	9.3	$	49.5

Flow Technology reportable segment — Charges for 2009 related primarily to costs associated with headcount reductions at facilities in Orebro, Sweden; Mexico City, Mexico; Rochester, NY; Buffalo, NY; and Houston, TX, as well as additional integration costs (primarily headcount reductions) associated with the December 31, 2007 acquisition of APV. These activities resulted in the termination of 636 employees.

Thermal Equipment and Services reportable segment — Charges for 2009 related primarily to costs associated with headcount reductions at facilities in Ratingen, Germany; Gallarate, Italy; Guangzhou, China; Worcester, UK; Overland Park, KS; Michigan City, IN; and Eden, NC. These activities resulted in the termination of 294 employees. In addition, the segment recorded impairment charges of $5.2 for assets at two facilities whose carrying amounts exceeded the expected future undiscounted cash flows.

Industrial Products and Services — Charges for 2009 related primarily to costs associated with headcount reductions at facilities in Rockford, IL; Raymond, ME; Bridgton, ME; Rochester, NY; and Waukesha, WI. These activities resulted in the termination of 355 employees.

Corporate — Charges for 2009 related primarily to our legal entity reduction initiative, the closure of our information technology data center in Horsham, PA, and asset impairment and other charges related to the exit of facilities in Newtown, CT; Allen Park, MI; and Owatonna, MN.

The following is an analysis of our restructuring and integration liabilities for the years ended December 31, 2011, 2010 and 2009:

	December 31,

	2011			2010			2009
Balance at beginning of year	$	17.6		$	19.5		$	30.1
Special charges — cash⁽¹⁾		17.1			23.9			40.8
Utilization — cash		(23.4	)		(19.9	)		(50.2	)
Currency translation adjustment and other		(0.3	)		(5.9	)		(1.2	)

Ending balance	$	11.0		$	17.6		$	19.5

⁽¹⁾: The years ended December 31, 2011, 2010 and 2009 exclude $8.2, $6.8 and $8.7, respectively, of non-cash special charges that impact special charges but not the restructuring and integration related liabilities.

Inventories

12 Months Ended

Dec. 31, 2011

Inventories

Inventories

(7) Inventories

Inventories at December 31, 2011 and 2010 comprise the following:

	December 31,

	2011			2010
Finished goods	$	163.9		$	125.1
Work in process		179.5			104.4
Raw materials and purchased parts		271.5			248.3

Total FIFO cost		614.9			477.8
Excess of FIFO cost over LIFO inventory value		(23.0	)		(22.4	)

Total inventories	$	591.9		$	455.4

Inventories include material, labor and factory overhead costs and are reduced, when necessary, to estimated realizable values. Certain domestic inventories are valued using the last-in, first-out ("LIFO") method. These inventories were approximately 15% and 14% of total inventory at December 31, 2011 and 2010, respectively. Other inventories are valued using the first-in, first-out ("FIFO") method. Progress payments, which are netted against work in process at year-end, were $3.7 and $5.9 at December 31, 2011 and 2010, respectively. During 2011 and 2010, inventory reduction resulted in a liquidation of LIFO inventory quantities carried at lower costs prevailing in prior years, the effect of which increased operating income by approximately $1.2 and $4.0 during the years ended December 31, 2011 and 2010, respectively.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

+ References+ Details

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2011

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

(8) Goodwill and Other Intangible Assets

The changes in the carrying amount of goodwill, by reportable segment and our other operating segments, were as follows:

	December 31, 2009			Goodwill resulting from business combinations		Impairments		Foreign Currency Translation and other(2)			December 31, 2010			Goodwill resulting from business combinations		Impairments(1)			Foreign Currency Translation and other(2)			December 31, 2011

Flow Technology reportable segment
Gross Goodwill	$	652.2		$	53.8	$	—	$	(3.3	)	$	702.7		$	324.8	$	—		$	(7.6	)	$	1,019.9
Accumulated Impairments		—			—		—		—			—			—		—			—			—

Goodwill		652.2			53.8		—		(3.3	)		702.7			324.8		—			(7.6	)		1,019.9

Thermal Equipment and Services reportable segment
Gross Goodwill		622.6			—		—		(20.0	)		602.6			—		—			(4.8	)		597.8
Accumulated Impairments		(114.1	)		—		—		—			(114.1	)		—		(20.8	)		—			(134.9	)

Goodwill		508.5			—		—		(20.0	)		488.5			—		(20.8	)		(4.8	)		462.9

Industrial Products and Services
Gross Goodwill		470.1			7.3		—		(25.9	)		451.5			—		—			(0.9	)		450.6
Accumulated Impairments		(185.8	)		—		—		26.0			(159.8	)		—		—			0.1			(159.7	)

Goodwill		284.3			7.3		—		0.1			291.7			—		—			(0.8	)		290.9

Total
Gross Goodwill		1,744.9			61.1		—		(49.2	)		1,756.8			324.8		—			(13.3	)		2,068.3
Accumulated Impairments		(299.9	)		—		—		26.0			(273.9	)		—		(20.8	)		0.1			(294.6	)

Goodwill	$	1,445.0		$	61.1	$	—	$	(23.2	)	$	1,482.9		$	324.8	$	(20.8	)	$	(13.2	)	$	1,773.7

(1): Impairment charges totaled $20.8 during the year ended December 31, 2011 related to our SPX Heat Transfer Inc. reporting unit.
(2): Includes adjustments resulting from recent acquisitions not consummated during the year ended December 31, 2011 and 2010 of $(3.8) and $(5.8), respectively, and changes from foreign currency translation adjustments for the year ended December 31, 2011 and 2010 of $(9.4) and $(17.4), respectively.

Identifiable intangible assets comprised the following:

	December 31, 2011							December 31, 2010

	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Intangible assets with determinable lives⁽¹⁾:
Patents	$	8.5	$	(7.6	)	$	0.9	$	13.9	$	(12.6	)	$	1.3
Technology		182.2		(30.5	)		151.7		115.4		(22.9	)		92.5
Customer relationships		400.4		(44.7	)		355.7		165.2		(33.3	)		131.9
Other:		38.7		(11.0	)		27.7		27.8		(9.1	)		18.7

		629.8		(93.8	)		536.0		322.3		(77.9	)		244.4
Trademarks with indefinite lives⁽²⁾:		436.4		—			436.4		369.6		—			369.6

Total	$	1,066.2	$	(93.8	)	$	972.4	$	691.9	$	(77.9	)	$	614.0

⁽¹⁾: The identifiable intangible assets associated with the Clyde Union acquisition consist of trademarks, customer lists, customer relationships and technology of $76.8, $14.7, $234.3 and $59.6, respectively, with such amounts based on a preliminary assessment of the related fair values.
⁽²⁾: Balance reflects impairment charges recorded during 2011 associated with businesses within our Thermal Equipment and Services reportable segment and Industrial Products and Services of $7.5 and $0.8, respectively, and an impairment charge associated with a business within our Thermal Equipment and Services reportable segment of $1.7 in 2010.

Amortization expense was $23.3, $20.7 and $14.3 for the years ended December 31, 2011, 2010 and 2009, respectively. Estimated amortization expense related to these intangible assets is $46.1 in 2012, $37.4 in 2013, $33.6 in 2014, $32.7 in 2015, and $31.8 in 2016.

At December 31, 2011, the net carrying value of intangible assets with determinable lives consisted of $467.2 in the Flow Technology reportable segment, $57.9 in the Thermal Equipment and Services reportable segment, and $10.9 in Industrial Products and Services. Trademarks with indefinite lives consisted of $282.3 in the Flow Technology reportable segment, $130.2 in the Thermal Equipment and Services reportable segment, and $23.9 in Industrial Products and Services.

Consistent with the requirements of the Intangible — Goodwill and Other Topic of the Codification, the fair values of our reporting units generally are estimated using discounted cash flow projections that we believe to be reasonable under current and forecasted circumstances, the results of which form the basis for making judgments about carrying values of the reported net assets of our reporting units. Other considerations are also incorporated, including comparable industry price multiples. Many of our reporting units closely follow changes in the industries and end markets that they serve. Accordingly, we consider estimates and judgments that affect the future cash flow projections, including principal methods of competition such as volume, price, service, product performance and technical innovations and estimates associated with cost improvement initiatives, capacity utilization and assumptions for inflation and foreign currency changes. Any significant change in market conditions and estimates or judgments used to determine expected future cash flows that indicate a reduction in carrying value may give rise to impairment in the period that the change becomes known.

We perform our annual goodwill impairment testing during the fourth quarter in conjunction with our annual financial planning process, with such testing based primarily on events and circumstances existing as of the end of the third quarter. In addition, we test goodwill for impairment on a more frequent basis if there are indications of potential impairment.

In connection with our annual goodwill impairment testing in 2010, we determined that the estimated fair value of our SPX Heat Transfer Inc. reporting unit was comparable to the carrying value of its net assets. In the second quarter of 2011, SPX Heat Transfer Inc. experienced a decline in its revenues and profitability, furthering a trend that began late in the first quarter of 2011, in comparison to (i) recent historical results and (ii) expected results for the period, due to the challenging conditions within the U.S. power market. As such, during the second quarter of 2011, we updated the projection of future discounted cash flows for SPX Heat Transfer Inc. which indicated that the reporting unit's fair value was less than the carrying value of its net assets. Accordingly, we recorded an impairment charge of $24.7 during the second quarter of 2011 associated with SPX Heat Transfer Inc.'s goodwill ($17.2) and indefinite-lived intangible assets ($7.5). In connection with our annual goodwill impairment testing during the fourth quarter of 2011, and in consideration of a further decline in SPX Heat Transfer Inc.'s revenue and profitability, we determined that the remaining goodwill ($3.6) of the reporting unit was impaired and, thus, recorded an impairment charge of $3.6 during the fourth quarter of 2011. After the aggregate impairment charge in 2011 of $28.3, SPX Heat Transfer Inc. had indefinite-lived intangible assets of $22.6.

The estimated fair value of each of our other reporting units, except for our Cooling Equipment and Services reporting unit ("Cooling"), exceeds the carrying value of their respective net assets by at least 10%. The estimated fair value of Cooling exceeds the carrying value of its net assets by approximately 5%, while the total goodwill for Cooling was $380.8 at December 31, 2011.

During 2009, businesses within our Thermal Equipment and Services reportable segment recorded impairment charges related to other intangible assets of $6.1.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References+ Details

Investment in Joint Venture

12 Months Ended

Dec. 31, 2011

Investment in Joint Venture

Investment in Joint Venture

(9) Investment in Joint Venture

We have a joint venture, EGS, with Emerson Electric Co., in which we hold a 44.5% interest. Emerson Electric Co. controls and operates the joint venture. EGS operates primarily in the United States, Brazil, Canada and France and is engaged in the manufacture of electrical fittings, hazardous location lighting and power conditioning products. We account for our investment under the equity method of accounting, on a three-month lag basis, and we typically receive our share of the joint venture's earnings in cash dividends paid quarterly. EGS's results of operations and selected other information for its fiscal years ended September 30, 2011, 2010 and 2009 were as follows:

	2011		2010		2009

Net sales	$	495.3	$	445.4	$	429.4
Gross profit		201.5		189.2		182.3
Net income		63.7		62.7		62.5
Capital expenditures		16.7		11.9		11.8
Depreciation and amortization		10.3		9.6		8.8
Dividends received		29.4		30.3		30.7
Undistributed earnings attributable to SPX Corporation		4.6		5.5		6.8
SPX's equity earnings in EGS		28.7		28.8		28.0

Condensed balance sheet information of EGS as of September 30, 2011 and 2010 was as follows:

	2011		2010

Current assets	$	179.7	$	170.2
Non-current assets		342.5		337.5
Current liabilities		128.0		114.2
Non-current liabilities		30.1		29.0

The carrying value of our investment in EGS was $68.9 and $69.3 at December 31, 2011 and 2010, respectively, and is recorded in "Other assets" in our consolidated balance sheets. We contributed non-monetary assets to EGS upon its formation. We recorded these contributed assets at their historical cost while EGS recorded these assets at their fair value. As a result of this basis difference in the goodwill recorded by EGS upon formation, our investment in EGS is less than our proportionate share of EGS's net assets, with such difference totaling $85.1 at December 31, 2011. During the second quarter of 2010, EGS acquired Nutsteel Industria Metalurgica Ltda for $35.4. We contributed $15.8 to EGS to fund our portion of the acquisition price.

- Definition

The entire disclosure for equity investment, or group of investments, for which combined disclosure is appropriate, including: (a) the name of each investee and percentage of ownership of common stock, (b) accounting policies for investments in common stock, (c) difference between the amount at which the investment is carried and the amount of underlying equity in net assets and the accounting treatment of the difference, (d) the total fair value of each identified investment for which a market value is available, (e) summarized information as to assets, liabilities, and results of operations of the investees (for investments in unconsolidated subsidiaries, common stock of joint ventures, or other investments using the equity method), and (f) material effects of possible conversions, exercises, or contingent issuances of the investee. Other disclosures include (a) the names of any investee in which the investor owns 20 percent or more of the voting stock and investment is not accounted for using the equity method, and the reasons why not, and (b) the names of any investee in which the investor owns less than 20 percent of the voting stock and the investment is accounted for using the equity method, and the reasons why it is.

+ References+ Details

Employee Benefit Plans

12 Months Ended

Dec. 31, 2011

Employee Benefit Plans

Employee Benefit Plans

(10) Employee Benefit Plans

Overview — We have defined benefit pension plans that cover a portion of our salaried and hourly paid employees, including certain employees in foreign countries. Beginning in 2001, we discontinued providing these pension benefits generally to newly hired employees. In addition, we no longer provide service credits to certain active participants. Of the U.S. employees covered by a defined benefit pension plan and actively accruing a benefit, most are covered by an account balance plan or are part of a collectively bargained plan.

We have domestic postretirement plans that provide health and life insurance benefits to certain retirees and their dependents. Beginning in 2003, we discontinued providing these postretirement benefits generally to newly hired employees. Some of these plans require retiree contributions at varying rates. Not all retirees are eligible to receive these benefits, with eligibility governed by the plan(s) in effect at a particular location.

The plan year-end date for all our plans is December 31.

Defined Benefit Pension Plans

Plan assets — Our investment strategy is based on the long-term growth of principal while mitigating overall risk to ensure that funds are available to pay benefit obligations. The domestic plan assets are invested in a broad range of investment classes, including domestic and international equities, fixed income securities and other investments. We engage various investment managers who are regularly evaluated on long-term performance, adherence to investment guidelines and the ability to manage risk commensurate with the investment style and objective for which they were hired. We continuously monitor the value of assets by class and routinely rebalance our portfolio with the goal of meeting our target allocations. The strategy for equity assets is to minimize concentrations of risk by investing primarily in companies in a diversified mix of industries worldwide, while targeting neutrality in exposure to global versus regional markets, fund types and fund managers. The strategy for bonds emphasizes investment-grade corporate and government debt with maturities matching a portion of the longer duration pension liabilities. The bonds strategy also includes a high yield element, which is generally shorter in duration. A small portion of U.S. plan assets is allocated to private equity partnerships and real estate asset fund investments for diversification, providing opportunities for above market returns. Allowable investments under the plan agreements include equity securities, fixed income securities, mutual funds, venture capital funds, real estate and cash and equivalents. In addition, investments in futures and option contracts, commodities and other derivatives are allowed in commingled fund allocations managed by professional investment managers. Investments prohibited under the plan agreements include private placements and short selling of stock. No shares of our common stock were held by our defined benefit pension plans as of December 31, 2011 and 2010.

Actual asset allocation percentages of each class of our domestic and foreign pension plan assets as of December 31, 2011 and 2010, along with the targeted asset investment allocation percentages, each of which is based on the midpoint of an allocation range, were as follows:

Domestic Pension Plans

	Actual Allocations						Mid-point of Target Allocation Range

	2011			2010			2011
Global equities		16	%		19	%		17	%
Global equity common trust funds		27	%		26	%		33	%
Fixed income common trust funds		27	%		17	%		20	%
Commingled global fund allocations		25	%		22	%		30	%
Short term investments⁽¹⁾		4	%		15	%		—	%
Other⁽²⁾		1	%		1	%		—	%

Total		100	%		100	%		100	%

⁽¹⁾: Short term investments are generally invested in actively managed common trust funds or interest-bearing accounts.
⁽²⁾: Assets included in this class at December 31, 2011 and 2010 were comprised primarily of insurance contracts, private equity and publicly traded real estate trusts.

Foreign Pension Plans

	Actual Allocations						Mid-point of Target Allocation Range

	2011			2010			2011
Global equity common trust funds		38	%		50	%		44	%
Fixed income common trust funds		40	%		36	%		34	%
Non-U.S. Government securities		15	%		10	%		20	%
Short term investments⁽¹⁾		5	%		3	%		1	%
Other⁽²⁾		2	%		1	%		1	%

Total		100	%		100	%		100	%

⁽¹⁾: Short term investments are generally invested in actively managed common trust funds or interest-bearing accounts.
⁽²⁾: Assets included in this class were comprised primarily of insurance contracts.

The fair value of pension plan assets at December 31, 2011, by asset class, were as follows:

	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Asset class:
Equity securities:
Global equities:
Capital equipment	$	27.1	$	27.1	$	—	$	—
Consumer goods		16.5		16.5		—		—
Energy		12.3		12.3		—		—
Finance		10.1		10.1		—		—
Materials		17.2		17.2		—		—
Services		12.7		12.7		—		—
Miscellaneous		39.4		39.4		—		—
Global equity common trust funds⁽¹⁾		328.9		91.6		212.9		24.4
Debt securities:
Fixed income common trust funds⁽²⁾		331.9		64.0		266.5		1.4
Non-U.S. Government securities		36.0		—		36.0		—
Alternative investments:
Commingled global fund allocations⁽³⁾		231.9		96.7		5.3		129.9
Other:
Short term investments⁽⁴⁾		43.5		43.5		—		—
Other⁽⁵⁾		7.7		1.7		—		6.0

Total	$	1,115.2	$	432.8	$	520.7	$	161.7

The fair value of pension plan assets at December 31, 2010, by asset class, were as follows:

	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Asset class:
Equity securities:
Global equities:
Capital equipment	$	34.2	$	34.2	$	—	$	—
Consumer goods		22.4		22.4		—		—
Energy		13.2		13.2		—		—
Finance		15.5		15.5		—		—
Materials		21.4		21.4		—		—
Services		19.1		19.1		—		—
Miscellaneous		40.9		40.9		—		—
Global equity common trust funds⁽¹⁾		335.3		86.5		248.8		—
Debt securities:
Fixed income common trust funds⁽²⁾		232.6		—		231.3		1.3
Non-U.S. Government securities		23.8		—		23.8		—
Alternative investments:
Commingled global fund allocations⁽³⁾		193.3		70.9		—		122.4
Other:
Short term investments⁽⁴⁾		133.1		133.1		—		—
Other⁽⁵⁾		10.5		1.1		1.2		8.2

Total	$	1,095.3	$	458.3	$	505.1	$	131.9

⁽¹⁾: This class represents investments in actively managed common trust funds that invest primarily in equity securities, which may include common stocks, options and futures. The funds are valued at the net asset value per share multiplied by the number of shares held as of the measurement date. The investments are valued based on market values and yields currently available for comparable securities of issuers with similar credit ratings. The Level of the fund(s) (Level 1, 2 or 3) is determined based on the classification of the significant holdings within the fund.
⁽²⁾: This class represents investments in actively managed common trust funds that invest in a variety of fixed income investments, which may include corporate bonds, both U.S. and non-U.S. municipal securities, interest rate swaps, options and futures. The funds are valued at the net asset value per share multiplied by the number of shares held as of the measurement date. The investments are valued based on yields currently available for comparable securities of issuers with similar credit ratings. The Level of the fund(s) (Level 1, 2 or 3) is determined based on the classification of the significant holdings within the fund.
⁽³⁾: This class represents investments in actively managed common trust funds with investments in both equity and debt securities. The investments may include common stock, corporate bonds, U.S. and non-U.S. municipal securities, interest rate swaps, options and futures. The funds are valued at the net asset value per share multiplied by the number of shares held as of the measurement date. The investments are valued based on market values and yields currently available for comparable securities of issuers with similar credit ratings. The Level of the fund(s) (Level 1, 2 or 3) is determined based on the classification of the significant holdings within the fund.
⁽⁴⁾: Short term investments are valued at $1.00/unit, which approximates fair value. Amounts are generally invested in actively managed common trust funds or interest bearing accounts.
⁽⁵⁾: This category represents investments in insurance contracts, private equity and publicly traded real estate investment trusts. The insurance contracts and private equity investments are valued using unobservable inputs from the fund manager, primarily based on discounted cash flows models.

Our domestic pension plans participate in a securities lending program through J.P. Morgan Chase Bank, National Association. Securities loaned are required to be fully collateralized by cash or other securities. The gross collateral and the related liability to return collateral amounted to $47.4 at December 31, 2011 and $48.6 at December 31, 2010, and have been included within "Level 2" of the fair value hierarchy in the tables above.

There were no significant transfers between Level 1 and Level 2 of the fair value hierarchy during 2011 and 2010. It is our policy to recognize transfers between Levels at the beginning of the fiscal year.

The following table summarizes changes in the fair value of Level 3 assets for the years ended December 31, 2011 and 2010:

	Global Equity Common Trust Funds			Commingled global fund allocations			Fixed income common trust funds		Other			Total

Balance at December 31, 2009	$	—		$	103.7		$	1.2	$	9.0		$	113.9
Realized gains		—			—			—		0.5			0.5
Unrealized gains relating to instruments still held at period end		—			13.4			0.1		0.4			13.9
Purchases, sales, issuances and settlements, net		—			5.3			—		(1.7	)		3.6

Balance at December 31, 2010		—			122.4			1.3		8.2			131.9
Realized gains		—			0.7			—		0.6			1.3
Unrealized gains (losses) relating to instruments still held at period end		1.6			13.1			0.1		(0.9	)		13.9
Purchases		24.3			—			—		—			24.3
Sales		(1.5	)		(6.3	)		—		(1.9	)		(9.7	)

Balance at December 31, 2011	$	24.4		$	129.9		$	1.4	$	6.0		$	161.7

There were no transfers in or out of Level 3 assets in 2011 and 2010.

Employer Contributions — We currently fund U.S. pension plans in amounts equal to the minimum funding requirements of the Employee Retirement Income Security Act of 1974, plus additional amounts that may be approved from time to time. During 2011, we made no contributions to our qualified domestic pension plans and direct benefit payments of $4.2 to our non-qualified domestic pension plans. In 2012, we expect to make contributions of $46.8 to our qualified domestic pension plans and direct benefit payments of $6.6 to our non-qualified domestic pension plans.

Many of our foreign plan obligations are unfunded in accordance with local laws. These plans have no assets and instead are funded by us on a pay as you go basis in the form of direct benefit payments. To our foreign plans that are funded, we made contributions of $8.4 in 2011, which included $1.8 of contributions that relate to businesses that have been classified as discontinued operations. In addition, to our foreign plans that are unfunded, we made direct benefit payments of $2.3 in 2011. In 2012, we expect to make $8.2 of contributions, which will include $1.7 of contributions that relate to businesses that have been classified as discontinued operations and $2.3 of direct benefit payments to our foreign pension plans.

Estimated Future Benefit Payments — Following is a summary, as of December 31, 2011, of the estimated future benefit payments for our pension plans in each of the next five fiscal years and in the aggregate for five fiscal years thereafter. Benefit payments are paid from plan assets or directly by us for our non-funded plans. The expected benefit payments are estimated based on the same assumptions used at December 31, 2011 to measure our obligations and include benefits attributable to estimated future employee service.

Estimated benefit payments:
(Domestic and foreign pension plans)

	Domestic Pension Benefits		Foreign Pension Benefits

2012	$	82.2	$	12.4
2013		83.6		13.0
2014		81.9		13.4
2015		142.1		14.0
2016		82.3		14.2
Subsequent five years		414.1		79.6

Obligations and Funded Status — The funded status of our pension plans is dependent upon many factors, including returns on invested assets and the level of market interest rates. The combined funded status of our pension plans as of December 31, 2011 has decreased since December 31, 2010, primarily as a result of lower discount rates being used to value the plans in 2011 compared to 2010. Our non-funded pension plans account for $166.3 of the current underfunded status, as these plans are not required to be funded. The following tables show the domestic and foreign pension plans' funded status and amounts recognized in our consolidated balance sheets:

	Domestic Pension Plans						Foreign Pension Plans

	2011			2010			2011			2010
Change in projected benefit obligation:
Projected benefit obligation — beginning of year	$	1,148.3		$	1,091.7		$	254.5		$	267.8
Service cost		9.9			9.3			2.5			2.2
Interest cost		57.4			61.1			14.0			14.0
Employee contributions		—			—			0.2			0.1
Actuarial losses (gains)		53.0			63.9			9.6			(13.0	)
Curtailment gain		(0.1	)		—			(0.1	)		—
Acquisitions		1.0			—			16.1			—
Plan amendments		—			—			—			0.1
Benefits paid		(76.0	)		(77.7	)		(13.7	)		(11.8	)
Foreign exchange and other		—			—			(2.7	)		(4.9	)

Projected benefit obligation — end of year	$	1,193.5		$	1,148.3		$	280.4		$	254.5

Change in plan assets:
Fair value of plan assets — beginning of year	$	867.5		$	713.3		$	227.8		$	207.0
Return on plan assets		71.8			107.6			12.0			22.9
Benefits paid		(76.0	)		(77.7	)		(13.7	)		(11.8	)
Contributions (employer and employee)		4.2			124.3			10.9			12.7
Acquisitions		0.7			—			11.8			—
Foreign exchange and other		—			—			(1.8	)		(3.0	)

Fair value of plan assets — end of year	$	868.2		$	867.5		$	247.0		$	227.8

Funded status at year-end	$	(325.3	)	$	(280.8	)	$	(33.4	)	$	(26.7	)
Amounts recognized in the balance sheet consist of:
Other assets	$	—		$	—		$	23.7		$	22.3
Accrued expenses		(6.4	)		(4.2	)		(2.3	)		(2.2	)
Other long-term liabilities		(318.9	)		(276.6	)		(54.8	)		(46.8	)

Net amount recognized	$	(325.3	)	$	(280.8	)	$	(33.4	)	$	(26.7	)

Amounts recognized in accumulated other comprehensive loss (pre-tax) consist of:
Net actuarial loss	$	616.4		$	593.3		$	51.3		$	39.8
Net prior service costs (credits)		(0.7	)		(1.6	)		0.1			—

Total accumulated comprehensive loss (pre-tax)	$	615.7		$	591.7		$	51.4		$	39.8

The following is information about our pension plans that had accumulated benefit obligations in excess of the fair value of their plan assets at December 31, 2011 and 2010:

	Domestic Pension Plans				Foreign Pension Plans

	2011		2010		2011		2010
Projected benefit obligation	$	1,193.5	$	1,148.3	$	112.3	$	93.9
Accumulated benefit obligation		1,176.7		1,130.0		111.0		92.9
Fair value of plan assets		868.2		867.5		55.3		45.3

The accumulated benefit obligation for all domestic and foreign pension plans was $1,176.7 and $275.3, respectively, at December 31, 2011 and $1,130.0 and $251.5, respectively, at December 31, 2010.

Components of Net Periodic Pension Benefit Expense — An increase in the number of inactive participants in one of our domestic pension plans resulted in almost all of the plan participants being inactive. Accordingly, in 2011 we began amortizing the unrecognized gains/losses over the average remaining life expectancy of the inactive participants as opposed to the average remaining service period of the active participants. This change resulted in a reduction to pension expense of approximately $20.0 for the year ended December 31, 2011.

Net periodic pension benefit expense for our domestic and foreign pension plans included the following components:

Domestic Pension Plans

	Year Ended December 31,

	2011			2010			2009
Service cost	$	9.9		$	9.3		$	8.0
Interest cost		57.4			61.1			66.2
Expected return on plan assets		(65.6	)		(68.4	)		(74.2	)
Amortization of unrecognized losses		23.2			36.4			22.0
Amortization of unrecognized prior service credits		(0.9	)		(0.9	)		(0.8	)
Curtailment/settlement loss		—			—			0.3

Total net periodic pension benefit expense		24.0			37.5			21.5
Less: Net periodic pension expense of discontinued operations		—			—			(0.3	)

Net periodic pension benefit expense of continuing operations	$	24.0		$	37.5		$	21.2

Foreign Pension Plans

	Year Ended December 31,

	2011			2010			2009
Service cost	$	2.8		$	2.3		$	2.5
Interest cost		14.2			14.1			13.9
Expected return on plan assets		(16.2	)		(14.3	)		(13.2	)
Amortization of unrecognized losses		0.9			1.7			2.1
Amortization of unrecognized prior service credits		—			—			(0.1	)
Curtailment gain		(0.1	)		—			—

Total net periodic pension benefit expense		1.6			3.8			5.2
Less: Net periodic pension benefit expense of discontinued operations		(0.7	)		(0.3	)		(0.9	)

Net periodic pension benefit expense of continuing operations	$	0.9		$	3.5		$	4.3

Other changes in plan assets and benefit obligations recognized in other comprehensive loss in 2011 were as follows:

	Domestic plans			Foreign plans

Current year actuarial loss	$	46.3		$	13.2
Amortization of actuarial loss		(23.2	)		(0.9	)
Amortization of prior service credits		0.9			—
Curtailment gain		0.1			0.1
Foreign exchange and other		—			(0.8	)

	$	24.1		$	11.6

The estimated amounts that will be amortized from accumulated other comprehensive loss into net periodic benefit expense in 2012 are as follows:

	Domestic plans			Foreign plans

Net actuarial loss	$	24.6		$	1.4
Net prior service credits		(0.4	)		—

	$	24.2		$	1.4

Assumptions — Actuarial assumptions used in accounting for our domestic and foreign pension plans were as follows:

	Year Ended December 31,

	2011			2010			2009
Domestic Pension Plans
Weighted-average actuarial assumptions used in determining net periodic pension expense:
Discount rate		5.22	%		5.80	%		7.06	%
Rate of increase in compensation levels		4.00	%		4.00	%		4.25	%
Expected long-term rate of return on assets		7.25	%		8.25	%		8.50	%
Weighted-average actuarial assumptions used in determining year-end benefit obligations:
Discount rate		4.69	%		5.22	%		5.80	%
Rate of increase in compensation levels		3.75	%		4.00	%		4.00	%
Foreign Pension Plans
Weighted-average actuarial assumptions used in determining net periodic pension expense:
Discount rate		5.42	%		5.50	%		6.35	%
Rate of increase in compensation levels		4.15	%		4.10	%		4.00	%
Expected long-term rate of return on assets		7.00	%		7.04	%		7.62	%
Weighted-average actuarial assumptions used in determining year-end benefit obligations:
Discount rate		5.10	%		5.42	%		5.50	%
Rate of increase in compensation levels		3.92	%		4.15	%		4.10	%

We review the pension assumptions annually. Pension income or expense is determined using assumptions as of the beginning of the year, while the funded status is determined using assumptions as of the end of the year. The assumptions are determined by us and established at the respective balance sheet date using the following principles: (i) the expected long-term rate of return on plan assets is established based on forward looking long-term expectations of asset returns over the expected period to fund participant benefits based on the target investment mix of our plans; (ii) the discount rate is determined by matching the expected projected benefit obligation cash flows for each of the plans to a yield curve that is representative of long-term, high-quality (rated AA or higher) fixed income debt instruments as of the measurement date; and (iii) the rate of increase in compensation levels is established based on our expectations of current and foreseeable future increases in compensation. In addition, we consider advice from independent actuaries.

Multiemployer Benefit Plans

Upon acquisition of Clyde Union, we assumed participation in a multiemployer benefit plan under the terms of a collective-bargaining agreement that covers Clyde Union's domestic union-represented employees. The risks of participating in these multiemployer plans are different from single-employer plans in the following aspects:

•

Assets contributed to the multiemployer plan by us may be used to provide benefits to employees of other participating employers;

•

If a participating employer stops contributing to the plan, the unfunded obligations of the plan may be borne by the remaining participating employers; and

•

If we choose to stop participating in the multiemployer plan, we may be required to pay those plans an amount based on the underfunded status of the plan, referred to as a withdrawal liability.

We participate in the following multiemployer benefit plan:

Pension Fund		EIN Pension Plan Number			Pension Protection Act Zone Status — 2011			Financial Improvement Plan / Rehabilitation Plan Status Pending			2011 Contributions			Surcharge Imposed			Expiration Date of Collective Bargaining Agreement

IAM National Pension Fund, National Pension Plan			51-6031295-002			Green			No		$	0.3			No			August 7, 2012

The contributions made by Clyde Union during 2011 were not more than 5% of the total contributions made to the IAM National Pension Fund, National Pension Plan ("IAM"). In 2011, the IAM began applying an election for funding relief which allows the IAM to amortize the investment losses incurred for the plan year ended December 31, 2008 over a period of up to 29 years (as opposed to 15 years that would otherwise have been required). Furthermore, in accordance with the election, the current asset valuation method has been updated to recognize the investment losses incurred during the 2008 plan year over a ten year period as opposed to the previous period of five years.

Postretirement Benefit Plans

Employer Contributions and Future Benefit Payments — Our postretirement medical plans are unfunded and have no plan assets, but are instead funded by us on a pay as you go basis in the form of direct benefit payments or policy premium payments. In 2011, we made benefit payments of $14.3 (net of federal subsidies of $1.6) to our postretirement benefit plans. Following is a summary, as of December 31, 2011, of the estimated future benefit payments and expected federal subsidies for our postretirement plans in each of the next five fiscal years and in the aggregate for five fiscal years thereafter. The expected benefit payments and federal subsidies are estimated based on the same assumptions used at December 31, 2011 to measure our obligations and include benefits attributable to estimated future employee service.

	Postretirement Payments, net of Subsidies		Postretirement Subsidies

2012	$	16.0	$	1.8
2013		15.3		1.8
2014		14.6		1.8
2015		14.0		1.7
2016		13.3		1.6
Subsequent five years		55.4		7.1

Obligations and Funded Status — The following tables show the postretirement plans' funded status and amounts recognized in our consolidated balance sheets:

	Postretirement Benefits

	2011			2010
Change in projected benefit obligation:
Projected benefit obligation — beginning of year	$	152.5		$	152.3
Service cost		0.4			0.3
Interest cost		7.0			8.0
Actuarial (gain) loss		(3.9	)		7.8
Benefits paid		(14.3	)		(15.9	)
Acquisitions		7.0			—

Projected benefit obligation — end of year	$	148.7		$	152.5

Funded status at year-end	$	(148.7	)	$	(152.5	)
Amounts recognized in the balance sheet consist of:
Accrued expenses	$	(15.7	)	$	(16.2	)
Other long-term liabilities		(133.0	)		(136.3	)

Net amount recognized	$	(148.7	)	$	(152.5	)

Amounts recognized in accumulated other comprehensive loss (pre-tax) consist of:
Net actuarial loss	$	44.9		$	53.3
Net prior service credit		(3.1	)		(4.5	)

Total accumulated comprehensive loss (pre-tax)	$	41.8		$	48.8

The net periodic postretirement benefit expense included the following components:

	Year Ended December 31,

	2011			2010			2009
Service cost	$	0.4		$	0.3		$	0.2
Interest cost		7.0			8.0			9.9
Amortization of unrecognized loss		4.5			4.2			3.0
Amortization of unrecognized prior service credits		(1.4	)		(1.3	)		(1.4	)

Net periodic postretirement expense	$	10.5		$	11.2		$	11.7

Other changes in benefit obligations recognized in other comprehensive loss in 2011 were as follows:


Current year actuarial gain	$	(3.9	)
Amortization of actuarial loss		(4.5	)
Amortization of prior service credits		1.4

	$	(7.0	)

The estimated amounts that will be amortized from accumulated other comprehensive loss into net periodic benefit expense in 2012 include net actuarial losses of $3.7 and prior service credits of $1.4.

Actuarial assumptions used in accounting for our domestic postretirement plans were as follows:

	Year Ended December 31,

	2011			2010			2009
Assumed health care cost trend rates:
Heath care cost trend rate for next year		7.52	%		7.86	%		8.21	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)		5.00	%		5.00	%		5.00	%
Year that the rate reaches the ultimate trend rate		2019			2019			2019
Discount rate used in determining net periodic postretirement benefit expense		4.85	%		5.46	%		7.07	%
Discount rate used in determining net year-end postretirement benefit obligation		4.36	%		4.85	%		5.46	%

The accumulated postretirement benefit obligation was determined using the terms and conditions of our various plans, together with relevant actuarial assumptions and health care cost trend rates. It is our policy to review the postretirement assumptions annually. The assumptions are determined by us and are established based on our prior experience and our expectations that future rates will decline. In addition, we consider advice from independent actuaries.

Assumed health care cost trend rates can have a significant effect on the amounts reported for the postretirement benefit plans. A percentage point change in assumed health care cost trend rates would have had the following effects on 2011 postretirement expense:

	1% Increase		1% Decrease

Effect on total of service and interest costs	$	0.4	$	(0.4	)
Effect on postretirement benefit obligation	$	9.4	$	(8.6	)

Defined Contribution Retirement Plans

We maintain a defined contribution retirement plan (the "Plan") pursuant to Section 401(k) of the U.S. Internal Revenue Code. Under the Plan, eligible U.S. employees may voluntarily contribute up to 50% of their compensation into the Plan and we match a portion of participating employees' contributions. Our matching contributions are primarily made in newly issued shares of company common stock and are issued at the prevailing market price. The matching contributions vest with the employee immediately upon the date of the match and there are no restrictions on the resale of common stock held by employees.

Under the Plan, we contributed 0.271, 0.269 and 0.347 shares of our common stock to employee accounts in 2011, 2010 and 2009, respectively. Compensation expense is recorded based on the market value of shares as the shares are contributed to employee accounts. We recorded $14.8 in 2011, $13.9 in 2010 and $14.6 in 2009 as compensation expense related to the matching contribution.

We also maintain a Supplemental Retirement Savings Plan ("SRSP"), which permits certain members of our senior management and executive groups to defer eligible compensation in excess of the amounts allowed under the Plan. We match a portion of participating employees' deferrals to the extent allowable under the SRSP provisions. The matching contributions vest with the participant immediately. Our funding of the participants' deferrals and our matching contributions are held in certain mutual funds (as allowed under the SRSP), as directed by the participant. The fair values of these assets, which totaled $47.0 and $47.3 at December 31, 2011 and 2010, respectively, are based on quoted prices in active markets for identical assets (Level 1). In addition, the assets under the SRSP are available to the general creditors in the event of our bankruptcy and, thus, are maintained on our consolidated balance sheet within other non-current assets, with a corresponding amount in other long-term liabilities for our obligation to the participants. Lastly, these assets are accounted for as trading securities. During 2011, 2010 and 2009, we recorded additional compensation expense of $0.4, $0.4 and $0.8, respectively, relating to our matching contributions to the SRSP.

Certain collectively-bargained employees participate in the Plan with company contributions not being made in company common stock, although company common stock is offered as an investment option under these plans.

- Definition

The entire disclosure for pension and other postretirement benefits.

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+ Details

Income Taxes

12 Months Ended

Dec. 31, 2011

Income Taxes

Income Taxes

(11) Income Taxes

Income before income taxes and the provision for income taxes consisted of the following:

	Year Ended December 31,

	2011			2010			2009
Income from continuing operations:
United States	$	8.0		$	71.2		$	253.6
Foreign		161.2			152.5			44.3

	$	169.2		$	223.7		$	297.9

Provision for (benefit from) income taxes:
Current:
United States	$	20.7		$	(33.1	)	$	57.3
Foreign		29.3			17.2			13.7

Total current		50.0			(15.9	)		71.0

Deferred and other:
United States		(43.1	)		65.6			4.1
Foreign		7.4			(4.0	)		(1.4	)

Total deferred and other		(35.7	)		61.6			2.7

Total provision	$	14.3		$	45.7		$	73.7

The reconciliation of income tax computed at the U.S. federal statutory tax rate to our effective income tax rate was as follows:

	Year Ended December 31,

	2011			2010			2009
Tax at U.S. federal statutory rate		35.0	%		35.0	%		35.0	%
State and local taxes, net of U.S. federal benefit		1.3			2.0			1.7
U.S. credits and exemptions		(8.7	)		(0.6	)		(1.5	)
Foreign earnings taxed at lower rates		(5.3	)		(10.8	)		(10.5	)
Audit settlements with taxing authorities		(0.4	)		(0.6	)		(0.9	)
Adjustments to uncertain tax positions		1.5			(3.6	)		1.4
Changes in valuation allowance		(18.4	)		(5.3	)		2.0
Benefit for loss on investment in foreign subsidiary		—			—			(1.5	)
Law change regarding deductibility of Medicare Part D expenses		—			2.8			—
Tax on repatriation of foreign earnings		4.1			1.6			—
Other		(0.6	)		(0.1	)		(1.0	)

		8.5	%		20.4	%		24.7	%

Significant components of our deferred tax assets and liabilities were as follows:

	As of December 31,

	2011			2010
Deferred tax assets:
Working capital accruals	$	37.8		$	39.7
Legal, environmental and self-insurance accruals		45.6			40.6
Pension, other postretirement and postemployment benefits		169.9			151.2
NOL and credit carryforwards		242.5			206.3
Payroll and compensation		46.1			48.6
Other		71.0			80.1

Total deferred tax assets		612.9			566.5
Valuation allowance		(124.5	)		(162.7	)

Net deferred tax assets		488.4			403.8

Deferred tax liabilities:
Accelerated depreciation		36.1			25.5
Basis difference in affiliates		40.5			38.6
Intangible assets recorded in acquisitions		344.5			213.9
Other		58.9			60.2

Total deferred tax liabilities		480.0			338.2

	$	8.4		$	65.6

General Matters

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. We periodically assess deferred tax assets to determine if they will be realized and the adequacy of deferred tax liabilities, incorporating the results of local, state, federal and foreign tax audits in our estimates and judgments.

At December 31, 2011, we had the following tax loss carryforwards available: state tax loss carryforwards of approximately $561.6 and tax losses of various foreign jurisdictions of approximately $678.8, $638.5 of which is reported in continuing operations. We also had U.S. foreign tax and general business credit carryforwards of $29.1 and $12.7, respectively. Of these amounts, approximately $6.9 expire in 2012 and $728.7 expire at various times between 2012 and 2031. The remaining carryforwards have no expiration date.

Realization of deferred tax assets associated with net operating loss and credit carryforwards is dependent upon generating sufficient taxable income prior to their expiration in the appropriate tax jurisdiction. We believe that it is more likely than not that certain of these net operating loss and credit carryforwards will expire unused and, accordingly, have established a valuation allowance against the deferred tax assets associated with these carryforwards. Although realization is not assured for the remaining deferred tax assets, we believe it is more likely than not that the deferred tax assets will be realized through future taxable earnings or tax planning strategies. However, deferred tax assets could be reduced in the near term if our estimates of taxable income during the carryforward period are significantly reduced or tax planning strategies are no longer viable. The valuation allowance decreased by $38.2 and $37.9 in 2011 and 2010, respectively. Of the decrease in 2011, $31.2 was recognized as a reduction in tax expense from continuing operations and $7.7 was an increase to tax expense from discontinued operations. Of the decrease in 2010, $11.7 was recognized as a reduction in tax expense from continuing operations and $9.8 as a tax benefit from discontinued operations.

The amount of income tax that we pay annually is dependent on various factors, including the timing of certain deductions. These deductions can vary from year to year, and, consequently, the amount of income taxes paid in future years will vary from the amounts paid in the prior year.

Undistributed Foreign Earnings

Undistributed foreign earnings are considered indefinitely reinvested. Accordingly, we have made no provision for U.S. federal and state income taxes or foreign withholding taxes for these foreign earnings. If these earnings were distributed, we would be subject to U.S. income taxes (subject to a reduction for foreign tax credits) and withholding taxes payable to the various foreign countries. At December 31, 2011, we had approximately $1,703.0 of undistributed foreign earnings for which no U.S. federal or state income taxes have been provided.

Unrecognized Tax Benefits

As of December 31, 2011, we had gross unrecognized tax benefits of $85.2 (net unrecognized tax benefits of $68.0), of which $61.7, if recognized, would impact our effective tax rate from continuing operations. Similarly, at December 31, 2010 and 2009, we had gross unrecognized tax benefits of $95.5 (net unrecognized tax benefits of $77.4) and $120.9 (net unrecognized tax benefits of $105.3), respectively.

We classify interest and penalties related to unrecognized tax benefits as a component of our income tax provision. As of December 31, 2011, gross accrued interest excluded from the amounts above totaled $12.9 (net accrued interest of $10.1), while the related amounts as of December 31, 2010 and 2009 were $15.6 (net accrued interest of $11.3) and $21.9 (net accrued interest of $16.5), respectively. Our income tax provision for the years ended December 31, 2011, 2010 and 2009 included gross interest income of $2.3, $4.0 and $0.7, respectively. There were no significant penalties recorded during any of the years presented.

Based on the outcome of certain examinations or as a result of the expiration of statutes of limitations for certain jurisdictions, we believe that within the next 12 months it is reasonably possible that our previously unrecognized tax benefits could decrease by approximately $30.0 to $40.0. The previously unrecognized tax benefits relate to a variety of tax issues including transfer pricing matters, deductibility of interest expense in certain jurisdictions, and other, primarily foreign, tax matters.

The aggregate changes in the balance of unrecognized tax benefits for the years ended December 31, 2011, 2010 and 2009 were as follows:

	2011			2010			2009

Unrecognized tax benefit — opening balance	$	95.5		$	120.9		$	102.9
Gross increases — tax positions in prior period		3.3			13.9			29.8
Gross decreases — tax positions in prior period		(11.4	)		(13.4	)		(3.2	)
Gross increases — tax positions in current period		10.9			8.7			11.2
Settlements		(0.9	)		(24.5	)		(5.8	)
Lapse of statute of limitations		(11.5	)		(8.3	)		(16.8	)
Change due to foreign currency exchange rates		(0.7	)		(1.8	)		2.8

Unrecognized tax benefit — ending balance	$	85.2		$	95.5		$	120.9

Other Tax Matters

During 2011, we adopted an alternative method of allocating certain expenses between foreign and domestic sources for federal income tax purposes. As a result of this method change, we have determined that it is more likely than not that we will be able to utilize our existing foreign tax credits within the remaining carryforward period. Accordingly, we released the valuation allowance on our foreign tax credit carryforwards in 2011, resulting in an income tax benefit of $27.8. In addition, the effective tax rate for the year ended December 31, 2011 was impacted favorably by tax benefits of $2.5 associated with the conclusion of a Canadian appeals process and $7.7 of tax credits related to the expansion of our power transformer facility in Waukesha, WI. These tax benefits were offset partially by $6.9 of federal income taxes that were provided in connection with our plan to repatriate a portion of the earnings of a foreign subsidiary.

During 2010, the IRS completed the field examination of our 2006 and 2007 federal income tax returns and issued a Revenue Agent's Report ("RAR"). Upon issuance of the RAR, we reduced a portion of our valuation allowance and our liability for uncertain tax positions to reflect amounts determined to be effectively settled or that satisfied the more likely than not threshold, resulting in the recognition of income tax benefits of $18.2 and $7.3 to continuing and discontinued operations, respectively. Further, we disagreed with and protested certain adjustments included in the RAR to the Appeals Office of the IRS. In the fourth quarter of 2011, we settled all issues under appeal with the IRS for the 2006 and 2007 tax years with no further recognition of income tax expense or benefit resulting.

In addition, the effective income tax rate for the year ended December 31, 2010 was impacted favorably by a $16.0 tax benefit related to the reduction in liabilities for uncertain tax positions associated with various foreign and domestic statute expirations and the settlement of state examinations. These benefits were offset partially by a domestic charge of $6.2 associated with the taxation of prescription drug costs for retirees under Medicare Part D as a result of the 2010 enactment of the Patient Protection and Affordable Care Act (the "PPAC Act") and $3.6 associated with the repatriation of foreign earnings.

In 2009, the statute of limitations expired for various state income tax returns. As a result of these expirations, we recognized tax benefits of $18.0 during 2009, with approximately $7.9 recorded to continuing operations and the remainder of $10.1 recorded to discontinued operations. In addition, the effective tax rate for the year ended December 31, 2009 was impacted favorably by a tax benefit of $4.9 associated with a loss on an investment in a foreign subsidiary.

We perform reviews of our income tax positions on a continuous basis and accrue for potential uncertain positions when we determine that an uncertain position meets the criteria of the Income Taxes Topic of the Codification. Accruals for these uncertain tax positions are recorded in "Income taxes payable" and "Deferred and other income taxes" in the accompanying consolidated balance sheets based on the expectation as to the timing of when the matters will be resolved. As events change and resolution occurs, these accruals are adjusted, such as in the case of audit settlements with taxing authorities.

The IRS currently is performing an audit of our 2008 and 2009 federal income tax returns. At this stage, the outcome of the audit is uncertain; however, we believe that any contingencies are adequately provided for. We reasonably expect to conclude this examination within the next twelve months.

State income tax returns generally are subject to examination for a period of three to five years after filing of the respective tax return. The impact on such tax returns of any federal changes remains subject to examination by various states for a period of up to one year after formal notification to the states. We have various state income tax returns in the process of examination, administrative appeal or litigation. We believe that any uncertain tax positions related to these examinations have been adequately provided for.

We have various foreign income tax returns under examination. Significant jurisdictions with tax examinations underway include: Canada for the 2000 to 2002 and 2006 tax returns, Germany for the 2005 to 2009 tax returns, Denmark for the 2006 to 2010 tax returns, and the United Kingdom for the 2009 tax return. We believe that any uncertain tax positions related to these examinations have been adequately provided for.

An unfavorable resolution of one or more of the above matters could have a material adverse effect on our results of operations or cash flows in the quarter and year in which an adjustment is recorded or the tax is due or paid. As audits and examinations are still in process or we have not reached the final stages of the appeals process for any of the above matters, the timing of the ultimate resolution and any payments that may be required for the above matters cannot be determined at this time.

Upon the conclusion of our disposition activities discussed in Note 4, we may recognize an additional income tax provision or benefit, generally, as part of discontinued operations.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph h

-Article 4

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 136, 172

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 43, 44, 45, 46, 47, 48, 49

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 15

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(h))

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

+ Details

Indebtedness

12 Months Ended

Dec. 31, 2011

Indebtedness

Indebtedness

(12) Indebtedness

The following summarizes our debt activity (both current and non-current) for the year ended December 31, 2011.

	December 31, 2010		Borrowings		Repayments			Other(5)			December 31, 2011

Domestic revolving loan facility	$	—	$	1,050.0	$	(1,050.0	)	$	—		$	—
Foreign revolving loan facility		—		31.1		—			(0.2	)		30.9
Term loan 1⁽¹⁾		—		300.0		—			—			300.0
Term loan 2⁽¹⁾		—		500.0		—			—			500.0
6.875% senior notes		600.0		—		—			—			600.0
7.625% senior notes		500.0		—		—			—			500.0
7.50% senior notes⁽²⁾		28.2		—		(28.2	)		—			—
6.25% senior notes⁽³⁾		21.3		—		(21.3	)		—			—
Trade receivables financing arrangement		—		118.0		(118.0	)		—			—
Other indebtedness⁽⁴⁾		48.1		5.6		(2.8	)		19.3			70.2

Total debt		1,197.6	$	2,004.7	$	(1,220.3	)	$	19.1			2,001.1

Less: short-term debt		36.3										71.3
Less: current maturities of long-term debt		50.8										4.2

Total long-term debt	$	1,110.5									$	1,925.6

⁽¹⁾: On December 22, 2011, we drew down our delayed draw incremental term loans in the amounts of $300.0 and $500.0 (collectively the "Term Loans"). These funds were used for the acquisition of Clyde Union, which was consummated substantially contemporaneously with the borrowings.
⁽²⁾: These notes were redeemed in full in January 2011.
⁽³⁾: These notes were redeemed in full in June 2011.
⁽⁴⁾: Includes balances under a purchase card program of $40.4 and $36.1 at December 31, 2011 and 2010, respectively.
⁽⁵⁾: "Other" includes debt assumed, including $14.5 from the Clyde Union acquisition, and foreign currency translation on any debt instruments denominated in currencies other than the U.S. dollar.

New Senior Credit Facilities

On June 30, 2011, we entered into and on October 5, 2011, we modified, new senior credit facilities with a syndicate of lenders that replaced our then-existing senior credit facilities. The new senior credit facilities provide for committed senior secured financing of $2,600.0, consisting of the following (each with a final maturity of June 30, 2016 except for the $300.0 term loan which has a final maturity date of June 22, 2013):

•

An incremental term loan ("Term Loan 1"), in an aggregate principal amount of $300.0;

•

An incremental term loan ("Term Loan 2"), in an aggregate principal amount of $500.0;

•

A domestic revolving credit facility, available for loans and letters of credit, in an aggregate principal amount up to $300.0;

•

A global revolving credit facility, available for loans in U.S. Dollars, Euros, British Pounds and other currencies in an aggregate principal amount up to the equivalent of $300.0;

•

A participation foreign credit instrument facility, available for performance letters of credit and guarantees, in an aggregate principal amount in various currencies up to the equivalent of $1,000.0; and

•

A bilateral foreign credit instrument facility, available for performance letters of credit and guarantees, in an aggregate principal amount in various currencies up to the equivalent of $200.0.

Term Loan 1 is repayable in full on the date that is 18 months after the date of its funding. Term Loan 2 is repayable in quarterly installments (with annual aggregate repayments, as a percentage of the initial principal amount, of 0% for 2011 and 2012, 5% for 2013, 15% for 2014 and 20% for 2015, together with a single quarterly payment of 5% at the end of the first fiscal quarter of 2016), with the remaining balance repayable in full on June 30, 2016.

In addition, the lenders in the syndicate under the new senior credit facilities generally are comparable to those that existed for the previous senior credit facilities.

In connection with the August 2010 termination of our Swaps and the term loan under our then-existing senior credit facilities, we incurred $25.6 of costs, including $24.3 associated with the early termination of Swaps (see Note 13), $1.1 for the write-off of deferred financing costs, and $0.2 related to an early termination fee.

At December 31, 2011, we had $485.3 of available borrowing capacity under our revolving credit facilities after giving effect to $30.9 of outstanding borrowings on the foreign revolving loan facility and $83.8 reserved for outstanding letters of credit. In addition, at December 31, 2011, we had $408.6 of available issuance capacity under our foreign credit instrument facility after giving effect to $791.4 reserved for outstanding letters of credit.

The new senior credit facilities allow additional commitments to add an incremental term loan facility and/or increase the commitments in respect of the domestic revolving credit facility, the global revolving credit facility, the participation foreign credit instrument facility and/or the bilateral foreign credit instrument facility by up to an aggregate principal amount of $200.0. The amount of the availability resets (up to a maximum of $1,000.0) as amounts are repaid under the term loans.

We are the borrower under all the facilities, and certain of our foreign subsidiaries are borrowers under the foreign credit instrument facilities (and we may in the future designate other subsidiaries to be borrowers under the revolving credit facilities and the foreign credit instrument facilities).

All borrowings and other extensions of credit under our new senior credit facilities are subject to the satisfaction of customary conditions, including absence of defaults and accuracy in material respects of representations and warranties.

The letters of credit under the domestic revolving credit facility are stand-by letters of credit requested by any borrower on behalf of itself or any of its subsidiaries or certain joint ventures. The foreign credit instrument facility is used to issue credit instruments, including bank undertakings to support primarily commercial contract performance.

At December 31, 2011, we had $83.8 and $791.4 of outstanding letters of credit issued under our revolving credit and our foreign credit instrument facilities of our senior credit agreement, respectively. In addition, we had $3.3 of letters of credit outstanding under separate arrangements in China, India and South Africa.

The interest rates applicable to loans under our new senior credit facilities are, at our option, equal to either (i) an alternate base rate (the higher of (a) the federal funds effective rate plus 0.5%, (b) the prime rate of Bank of America, N.A., and (c) the one-month LIBOR rate plus 1.0%) or (ii) a reserve-adjusted LIBOR rate for dollars (Eurodollar) plus, in each case, an applicable margin percentage, which varies based on our Consolidated Leverage Ratio (as defined in the credit agreement generally as the ratio of consolidated total debt (excluding the face amount of undrawn letters of credit, bank undertakings or analogous instruments and net of cash and cash equivalents in excess of $50.0) at the date of determination to consolidated adjusted EBITDA for the four fiscal quarters ended on such date). We may elect interest periods of one, two, three or six months for Eurodollar borrowings. The fees charged and the interest rate margins applicable to Eurodollar and alternate base rate loans are (all on a per annum basis) as follows:

Consolidated Leverage Ratio

Greater than or equal to 3.00 to 1.0	0.40	%	0.40	%	2.00	%	0.40	%	1.25	%	2.00	%	1.00	%	2.25	%	1.25	%
Between 2.00 to 1.0 and 3.00 to 1.0	0.35	%	0.35	%	1.875	%	0.35	%	1.125	%	1.875	%	0.875	%	2.125	%	1.125	%
Between 1.50 to 1.0 and 2.00 to 1.0	0.30	%	0.30	%	1.75	%	0.30	%	1.00	%	1.75	%	0.75	%	2.00	%	1.00	%
Between 1.00 to 1.0 and 1.50 to 1.0	0.275	%	0.275	%	1.50	%	0.275	%	0.875	%	1.50	%	0.50	%	1.75	%	0.75	%
Less than 1.00 to 1.0	0.25	%	0.25	%	1.25	%	0.25	%	0.75	%	1.25	%	0.25	%	1.50	%	0.50	%

The weighted-average interest rate of our outstanding borrowings under our senior credit facilities was approximately 2.49% at December 31, 2011.

The fees for bilateral foreign credit commitments are as specified above for foreign credit commitments, unless otherwise agreed with the bilateral foreign issuing lender. We also pay fronting fees on the outstanding amounts of letters of credit and foreign credit instruments (in the participation facility) at the rates of 0.125% per annum and 0.20% per annum, respectively. We paid an upfront fee in an amount equal to an approximate average of 0.5% of the commitment of each lender providing a portion of the Term Loans. In addition, we were required to pay a commitment fee in an amount equal to 0.275% per annum of the daily unused amount of the commitment of the Term Loans, which accrued from October 5, 2011 through December 22, 2011, the date on which the Term Loan amounts were borrowed.

Our new senior credit facilities require mandatory prepayments in amounts equal to the net proceeds from the sale or other disposition of, including from any casualty to, or governmental taking of, property in excess of specified values (other than in the ordinary course of business and subject to other exceptions). Mandatory prepayments will be applied, first, to repay any amounts outstanding under the Term Loans and any other incremental term loans that we may have outstanding in the future, in the manner and order selected by us, and second, after the Term Loans and any such incremental term loans have been repaid in full, to repay amounts (or cash collateralize letters of credit) outstanding under the global revolving credit facility and the domestic revolving credit facility (without reducing the commitments thereunder). No prepayment is required generally to the extent the net proceeds are reinvested in permitted acquisitions, permitted investments or assets to be used in our business within 360 days of the receipt of such proceeds. In addition, upon the incurrence of unsecured indebtedness in the form of a private or public note or bond issuance, the net proceeds of such indebtedness will be applied to the extent necessary to repay in full any amounts outstanding under Term Loan 1.

We may voluntarily prepay loans under our new senior credit facilities, in whole or in part, without premium or penalty. Any voluntary prepayment of loans will be subject to reimbursement of the lenders' breakage costs in the case of a prepayment of Eurodollar and LIBOR rate borrowings other than on the last day of the relevant interest period.

Indebtedness under our new senior credit facilities is guaranteed by:

•

Each existing and subsequently acquired or organized domestic material subsidiary, with specified exceptions; and

•

SPX Corporation with respect to the obligations of our foreign borrower subsidiaries under the global revolving credit facility, the participation foreign credit instrument facility and the bilateral participation foreign credit instrument facility.

Indebtedness under our new senior credit facilities is secured by a first priority pledge and security interest in 100% of the capital stock of our domestic subsidiaries (with certain exceptions) held by us or our domestic subsidiary guarantors and 65% of the capital stock of our material first tier foreign subsidiaries (with certain exceptions). If our corporate credit rating is "Ba2" or less (or not rated) by Moody's and "BB" or less (or not rated) by S&P, then we and our domestic subsidiary guarantors are required to grant security interests, mortgages and other liens on substantially all of our and their assets. If our corporate credit rating is "Baa3" or better by Moody's or "BBB-" or better by S&P and no defaults exist, then all collateral security will be released and the indebtedness under our senior credit facilities will be unsecured.

Our new senior credit facilities require that we maintain:

•

A Consolidated Interest Coverage Ratio (as defined in the credit agreement generally as the ratio of consolidated adjusted EBITDA for the four fiscal quarters ended on such date to consolidated interest expense for such period) as of the last day of any fiscal quarter of at least 3.50 to 1.00; and

•

A Consolidated Leverage Ratio as of the last day of any fiscal quarter of not more than 3.25 to 1.00 (or 3.50 to 1.00 for the four fiscal quarters after certain permitted acquisitions by us).

Our new senior credit facilities also contain covenants that, among other things, restrict our ability to incur additional indebtedness, grant liens, make investments, loans, guarantees or advances, make restricted junior payments, including dividends, redemptions of capital stock and voluntary prepayments or repurchase of certain other indebtedness, engage in mergers, acquisitions or sales of assets, enter into sale and leaseback transactions or engage in certain transactions with affiliates and otherwise restrict certain corporate activities. We do not expect these covenants to restrict our liquidity, financial condition or access to capital resources in the foreseeable future. Our new senior credit facilities also contain customary representations, warranties, affirmative covenants, and events of default.

We are permitted under our senior credit facilities to repurchase our capital stock and pay cash dividends in an unlimited amount if our Consolidated Leverage Ratio is (after giving pro forma effect to such payments) less than 2.50 to 1.00. If our Consolidated Leverage Ratio is (after giving pro forma effect to such payments) greater than or equal to 2.50 to 1.00, the aggregate amount of such repurchases and dividend declarations cannot exceed (A) $100.0 in any fiscal year plus (B) an additional amount for all such repurchases and dividend declarations made after June 30, 2011 equal to the sum of (i) $300.0 and (ii) a positive amount equal to 50% of cumulative Consolidated Net Income (as defined in the credit agreement generally as consolidated net income subject to certain adjustments solely for the purposes of determining this basket) during the period from July 1, 2011 to the end of the most recent fiscal quarter preceding the date of such repurchase or dividend declaration for which financial statements have been (or were required to be) delivered (or, in case such Consolidated Net Income is a deficit, minus 100% of such deficit).

At December 31, 2011, we were in compliance with all covenant provisions of our senior credit facilities, and the senior credit facilities did not impose any restrictions on our ability to repurchase shares or pay dividends, other than those inherent in the credit agreement.

On February 16, 2012, we amended our senior credit facilities, whereby the lenders agreed, as it relates to the proceeds from the pending sale of our Service Solution business, to waive the mandatory prepayments required by the senior credit facilities. The amendment requires that the proceeds from this pending sale be used to repay $325.0 of the Term Loans ($300.0 for Term Loan 1 and $25.0 for Term Loan 2). The remaining proceeds can be used at our discretion, including cash dividend payments and share repurchases, subject to compliance with existing covenants.

Senior Notes

In August 2010, we issued, in a private placement, $600.0 aggregate principal amount of 6.875% senior unsecured notes that mature in 2017. We used the proceeds from the offering to repay the remaining balance under the term loan of our then-existing senior credit facilities ($562.5), to pay $26.9 of termination costs (including $2.6 of accrued interest) for Swaps related to the then-existing term loan, and the remainder to pay the majority of the financing costs incurred in connection with the offering. The interest payment dates for these notes are March 1 and September 1 of each year, commencing on March 1, 2011. The notes are redeemable, in whole or in part, at any time prior to maturity at a price equal to 100% of the principal amount thereof plus an applicable premium, plus accrued and unpaid interest. In addition, at any time prior to September 1, 2013, we may redeem up to 35% of the aggregate principal amount of the notes with the net cash proceeds of certain equity offerings at a redemption price of 106.875%, plus accrued and unpaid interest. If we experience certain types of change of control transactions, we must offer to repurchase the notes at 101% of the aggregate principal amount of the notes outstanding, plus accrued and unpaid interest. These notes are unsecured and rank equally with all our existing and future unsubordinated unsecured senior indebtedness, but are effectively junior to our senior credit facilities. The indenture governing these notes contains covenants that, among other things, limit our ability to incur liens, enter into sale and leaseback transactions and consummate some mergers. During the third quarter of 2011, these senior notes became freely tradable. Payment of the principal, premium, if any, and interest on these notes is guaranteed on a senior unsecured basis by our domestic subsidiaries. The likelihood of having to make payments under the guarantee is considered remote.

In December 2007, we issued, in a private placement, $500.0 aggregate principal amount of 7.625% senior unsecured notes that mature in 2014. We used the net proceeds from the offering for general corporate purposes, including the financing of our acquisition of APV. The interest payment dates for these notes are June 15 and December 15 of each year. The notes are redeemable, in whole, or in part, at any time prior to maturity at a price equal to 100% of the principal amount thereof plus a premium, plus accrued and unpaid interest. If we experience certain types of change of control transactions, we must offer to repurchase the notes at 101% of the aggregate principal amount of the notes repurchased, plus accrued and unpaid interest. These notes are unsecured and rank equally with all our existing and future unsecured senior indebtedness, but are effectively junior to our senior credit facilities. The indenture governing these notes contains covenants that, among other things, limit our ability to incur liens, enter into sale and leaseback transactions and consummate some mergers. During the first quarter of 2009, these senior notes became freely tradable.

At December 31, 2011, we were in compliance with all covenant provisions of our senior notes.

Other Borrowings and Financing Activities

Certain of our businesses purchase goods and services under a purchase card program allowing for payment beyond their normal payment terms. As of December 31, 2011 and 2010, the participating businesses had $40.4 and $36.1, respectively, outstanding under this arrangement. As this arrangement extends the payment of our businesses' payables beyond their normal payment terms through third-party lending institutions, we have classified these amounts as short-term debt.

We are party to a trade receivables financing agreement, whereby we can borrow, on a continuous basis, up to $130.0. Availability of funds may fluctuate over time given changes in eligible receivable balances, but will not exceed the $130.0 program limit. We had no available borrowing capacity under the facility at December 31, 2011. The facility contains representations, warranties, covenants and indemnities customary for facilities of this type. The facility does not contain any covenants that we view as materially constraining to the activities of our business.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details

Financial Instruments

12 Months Ended

Dec. 31, 2011

Financial Instruments

Financial Instruments

(13) Financial Instruments

Currency Forward Contracts

We manufacture and sell our products in a number of countries and, as a result, are exposed to movements in foreign currency exchange rates. Our objective is to preserve the economic value of non-functional currency denominated cash flows and to minimize their impact. Our principal currency exposures relate to the Euro, Chinese Yuan, South African Rand and British Pound.

From time to time, we enter into currency protection agreements ("FX forward contracts") to manage the exposure on contracts with forecasted transactions denominated in non-functional currencies and to manage the risk of transaction gains and losses associated with assets/liabilities denominated in currencies other than the functional currency of certain subsidiaries. In addition, some of our contracts contain currency forward embedded derivatives ("FX embedded derivatives"), as the currency of exchange is not "clearly and closely" related to the functional currency of either party to the transaction. Certain of our FX forward contracts are designated as cash flow hedges, as deemed appropriate. To the extent these derivatives are effective in offsetting the variability of the hedged cash flows, changes in the derivatives' fair value are not included in current earnings, but are included in accumulated other comprehensive income ("AOCI"). These changes in fair value will subsequently be reclassified into earnings as a component of revenues or cost of products sold, as applicable, when the forecasted transaction impacts earnings. In addition, if the forecasted transaction is no longer probable the cumulative change in the derivatives' fair value will be recorded as a component of "Other expense, net" in the period it occurs. To the extent that a previously designated hedging transaction is no longer an effective hedge, any ineffectiveness measured in the hedging relationship is recorded in earnings in the period it occurs. We had FX forward contracts with an aggregate notional amount of $66.1 and $199.5 outstanding as of December 31, 2011 and 2010, respectively, with scheduled maturities of $59.7 and $6.4 in 2012 and 2013, respectively. We had FX embedded derivatives with an aggregate notional amount of $73.2 and $200.9 at December 31, 2011 and 2010, respectively, with scheduled maturities of $55.0, $15.8 and $2.4 in 2012, 2013 and 2014, respectively. The unrealized loss, net of taxes, recorded in AOCI related to FX forward contracts was $3.7 and $4.1 as of December 31, 2011 and 2010, respectively. We anticipate reclassifying approximately $2.8 of the unrealized loss to income over the next 12 months.

Beginning on August 30, 2011, we entered into FX forward contracts to hedge a significant portion of the Clyde Union acquisition purchase price, which, as previously noted, was paid in GBP. From the inception of these contracts until December 22, 2011 (the date the contracts were settled), the U.S. dollar strengthened against the GBP by approximately 4%. As a result, we recorded charges and made cash payments to settle the contracts during 2011 of $34.6, with the charges recorded to "Other expense, net."

Commodity Contracts

From time to time, we enter into commodity contracts to manage the exposure on forecasted purchases of commodity raw materials ("commodity contracts"). At December 31, 2011 and 2010, the outstanding notional amount of commodity contracts was 2.9 and 1.8 pounds of copper, respectively. We designate and account for these contracts as cash flow hedges and, to the extent these commodity contracts are effective in offsetting the variability of the forecasted purchases, the change in fair value is included in AOCI. We reclassify the AOCI associated with our commodity contracts to cost of products sold when the forecasted transaction impacts earnings. As of December 31, 2011 and 2010, the fair value of these contracts was $0.8 (current liability) and $1.0 (current asset), respectively. The unrealized gain (loss), net of taxes, recorded in AOCI was $(0.7) and $0.8 as of December 31, 2011 and 2010, respectively. We anticipate reclassifying the unrealized loss to income over the next 12 months.

Interest Rate Swaps

Prior to the August 2010 repayment of our then-existing variable rate term loan, we maintained Swaps to hedge the associated interest rate risk. These Swaps, which we designated and accounted for as cash flow hedges, effectively converted the majority of our borrowings under our then-existing variable rate term loan to a fixed rate of 4.795% plus the applicable margin. In connection with the repayment of our then-existing term loan, we terminated all of our Swaps, resulting in a cash payment of $26.9 (including $2.6 of accrued interest) and a charge to earnings of $24.3 during 2010.

The following summarizes the fair value of our derivative financial instruments:

	December 31, 2011				December 31, 2010

	Balance Sheet Classification	Fair Value			Balance Sheet Classification	Fair Value
Derivative contracts designated as hedging instruments:
Commodity contracts	Other current assets	$	—		Other current assets	$	1.0

FX forward contracts	Accrued expenses	$	(0.4	)	Accrued expenses	$	(2.9	)
Commodity contracts	Accrued expenses		(0.8	)	—		—

		$	(1.2	)		$	(2.9	)

Derivative contracts not designated as hedging instruments:
FX forward contracts	Other current assets	$	—		Other current assets	$	0.5
FX embedded derivatives	Other current assets		1.2		Other current assets		2.6

		$	1.2			$	3.1

FX forward contracts	Accrued expenses	$	(0.4	)	Accrued expenses	$	(1.4	)
FX embedded derivatives	Accrued expenses		(0.3	)	Accrued expenses		(1.8	)
FX embedded derivatives	Other long-term liabilities		(14.8	)	Other long-term liabilities		(33.2	)

		$	(15.5	)		$	(36.4	)

The following summarizes the effect of derivative financial instruments in cash flow hedging relationships on AOCI and the consolidated statements of operations for the years ended December 31, 2011, 2010, and 2009:

	Amount of gain (loss) recognized in AOCI, pre-tax(1)										Amount of gain (loss) reclassified from AOCI to income, pre-tax(1)

	Amount of gain (loss) recognized in AOCI, pre-tax(1)									Classification of gain (loss) reclassified from AOCI
	2011			2010			2009			Classification of gain (loss) reclassified from AOCI	2011			2010			2009
Swaps	$	—		$	(9.3	)	$	(6.6	)	Interest Expense	$	—		$	(12.7	)	$	(20.4	)
										Loss on early extinguishment of interest rate protection agreements and term loan		—			(24.3	)		—
FX Forward contracts		(0.2	)		(4.9	)		(1.8	)	Cost of products sold		(0.8	)		—			—
FX embedded derivatives		—			2.3			(4.6	)	Cost of products sold		—			1.8			—
Commodity contracts		(1.8	)		1.0			4.0		Cost of products sold		0.6			0.7			(6.2	)

	$	(2.0	)	$	(10.9	)	$	(9.0	)		$	(0.2	)	$	(34.5	)	$	(26.6	)

⁽¹⁾: For the years ended December 31, 2011, 2010 and 2009, gains (losses) of $0.3, $1.1, and ($0.2), respectively, were recognized in "Other expense, net" relating to derivative ineffectiveness and amounts excluded from effectiveness testing.

The following summarizes the effect of derivative financial instruments not designated as cash flow hedging relationships on the consolidated statements of operations for the years ended December 31, 2011, 2010 and 2009:

		Amount of gain (loss) recognized in income

	Classification of gain (loss) recognized in income	Amount of gain (loss) recognized in income
	Classification of gain (loss) recognized in income	2011			2010			2009
FX forward contracts	Other expense, net	$	(38.5	)	$	5.0		$	5.6
FX embedded derivatives⁽¹⁾	Other expense, net		1.2			(23.4	)		(13.1	)

		$	(37.3	)	$	(18.4	)	$	(7.5	)

⁽¹⁾: Includes $4.6 of losses reclassified from AOCI during the year ended December 31, 2010 resulting from the discontinuance of cash flow hedge accounting as the forecasted transactions were determined to no longer be probable.

Concentrations of Credit Risk

Financial instruments that potentially subject us to significant concentrations of credit risk consist of cash and equivalents, trade accounts receivable, and foreign currency forward and commodity contracts. These financial instruments, other than trade accounts receivable, are placed with high-quality financial institutions throughout the world. We periodically evaluate the credit standing of these financial institutions.

We have credit loss exposure in the event of nonperformance by counterparties to the above financial instruments, but have no other off-balance-sheet credit risk of accounting loss. We anticipate, however, that counterparties will be able to fully satisfy their obligations under the contracts. We do not obtain collateral or other security to support financial instruments subject to credit risk, but we do monitor the credit standing of counterparties.

Concentrations of credit risk arising from trade accounts receivable are due to selling to customers in a particular industry. We mitigate our credit risks by performing ongoing credit evaluations of our customers' financial conditions and obtaining collateral, advance payments, or other security when appropriate. No one customer, or group of customers that to our knowledge are under common control, accounted for more than 10% of our revenues for any period presented.

- Definition

The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items.

+ References

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+ Details

Commitments, Contingent Liabilities and Other Matters

12 Months Ended

Dec. 31, 2011

Commitments, Contingent Liabilities and Other Matters

Commitments, Contingent Liabilities and Other Matters

(14) Commitments, Contingent Liabilities and Other Matters

Leases

We lease certain manufacturing facilities, offices, sales and service locations, machinery and equipment, vehicles and office equipment under various leasing programs accounted for as operating and capital leases, some of which include scheduled rent increases stated in the lease agreement. We do not have any significant leases that require rental payments based on contingent events nor have we received any significant lease incentive payments.

Operating Leases

The future minimum rental payments under operating leases with remaining non-cancelable terms in excess of one year are:

Year Ending December 31,

2012	$	39.6
2013		30.0
2014		23.3
2015		15.1
2016		12.0
Thereafter		42.6

Total minimum payments	$	162.6

Total operating lease expense, inclusive of rent based on scheduled rent increases and rent holidays recognized on a straight-line basis, was $47.1 in 2011, $48.8 in 2010 and $50.0 in 2009.

Capital Leases

Future minimum lease payments under capital lease obligations are:

Year Ending December 31,

2012	$	6.9
2013		6.4
2014		3.7
2015		3.2
2016		3.2
Thereafter		9.8

Total minimum payments		33.2
Less: interest		(7.2	)

Capital lease obligation		26.0
Less: current maturities		(4.2	)

Long-term portion		21.8

Assets held through capital lease agreements at December 31, 2011:


Machinery and equipment	$	9.4
Buildings		23.9
Other		3.7

Total		37.0
Less: accumulated depreciation		(9.7	)

Net book value	$	27.3

Other Lease

During 2011, we entered into a lease for a new corporate headquarters in Charlotte, NC. Construction of the building began in the second quarter of 2011 and is scheduled to be completed during the first quarter of 2013. The initial lease term is for 15 years with two five-year extensions available. Annual lease payments for the building, which are not included in any of the tables above, are approximately $6.5, with payments commencing once construction of the building is completed. In addition, we have an option to purchase the land and building that we can exercise after construction of the building is completed.

General

Numerous claims, complaints and proceedings arising in the ordinary course of business, including those relating to litigation matters (e.g., class actions, derivative lawsuits and contracts, intellectual property and competitive claims), environmental matters, and risk management matters (e.g., product and general liability, automobile, and workers' compensation claims), have been filed or are pending against us and certain of our subsidiaries. Additionally, we may become subject to significant claims of which we are currently unaware, or the claims of which we are aware may result in us incurring a significantly greater liability than we anticipate. This may also be true in connection with past or future acquisitions. While we maintain property, cargo, auto, product, general liability, environmental, and directors' and officers' liability insurance and have acquired rights under similar policies in connection with acquisitions that we believe cover a portion of these claims, this insurance may be insufficient or unavailable (e.g., because of insurer insolvency) to protect us against potential loss exposures. In addition, we have increased our self-insurance limits over the past several years. While we believe we are entitled to indemnification from third parties for some of these claims, these rights may be insufficient or unavailable to protect us against potential loss exposures. We believe, however, that our accruals related to these items are sufficient and that these items and our rights to available insurance and indemnity will be resolved without material effect, individually or in the aggregate, on our financial position, results of operations and cash flows. These accruals, which are determined in accordance with the Contingencies Topic of the Codification, totaled $558.3 (including $495.6 for risk management matters) and $436.2 (including $366.1 for risk management matters) at December 31, 2011 and 2010, respectively. Of these amounts, $491.8 and $368.0 are included in "Other long-term liabilities" within our consolidated balance sheets at December 31, 2011 and 2010, respectively, with the remainder included in "Accrued expenses." It is reasonably possible that our ultimate liability for these items could exceed the amount of the recorded accruals; however, we believe the estimated amount of any potential additional liability would not have a material effect, individually or in the aggregate, on our financial position, results of operations or cash flow.

We had insurance recovery assets related to risk management matters of $428.9 and $320.0 at December 31, 2011 and 2010, respectively, included in "Other assets" within our consolidated balance sheets.

Also, during 2011, we recorded a charge of $19.4 associated with amounts that are deemed uncollectible from an insolvent insurer for certain risk management matters. Of the $19.4 charge, $18.2 was recorded to "Other expense, net" and $1.2 to "Gain (loss) on disposition of discontinued operations, net of tax."

Litigation Matters

We are subject to litigation matters that arise in the normal course of business. We believe these matters are either without merit or of a kind that should not have a material effect, individually or in the aggregate, on our financial position, results of operations or cash flows.

Environmental Matters

Our operations and properties are subject to federal, state, local and foreign regulatory requirements relating to environmental protection. It is our policy to comply fully with all applicable requirements. As part of our effort to comply, we have a comprehensive environmental compliance program that includes environmental audits conducted by internal and external independent professionals, as well as regular communications with our operating units regarding environmental compliance requirements and anticipated regulations. Based on current information, we believe that our operations are in substantial compliance with applicable environmental laws and regulations, and we are not aware of any violations that could have a material effect on our business, financial condition, results of operations or cash flows. We have liabilities for site investigation and/or remediation at 92 sites that we own or control. In addition, while we believe that we maintain adequate accruals to cover the costs of site investigation and/or remediation, we cannot provide assurance that new matters, developments, laws and regulations, or stricter interpretations of existing laws and regulations will not materially affect our business or operations in the future.

Our environmental accruals cover anticipated costs, including investigation, remediation, and operation and maintenance of clean-up sites. Our estimates are based primarily on investigations and remediation plans established by independent consultants, regulatory agencies and potentially responsible third parties. Accordingly, our estimates may change based on future developments, including new or changes in existing environmental laws or policies, differences in costs required to complete anticipated actions from estimates provided, future findings of investigation or remediation actions, or alteration to the expected remediation plans. It is our policy to realize a change in estimate once it becomes probable and can be reasonably estimated. We generally do not discount our environmental accruals and do not reduce them by anticipated insurance recoveries. We do take into account third-party indemnification from financially viable parties in determining our accruals where there is no dispute regarding the right to indemnification.

In the case of contamination at offsite, third-party disposal sites, we have been notified that we are potentially responsible and have received other notices of potential liability pursuant to various environmental laws at 28 sites at which the liability has not been settled, and only 12 of which have been active in the past few years. These laws may impose liability on certain persons that are considered jointly and severally liable for the costs of investigation and remediation of hazardous substances present at these sites, regardless of fault or legality of the original disposal. These persons include the present or former owners or operators of the site and companies that generated, disposed of or arranged for the disposal of hazardous substances at the site. We are considered a "de minimis" potentially responsible party at most of the sites, and we estimate that the aggregate probable remaining liability at these sites is immaterial.

We conduct extensive environmental due diligence with respect to potential acquisitions, including environmental site assessments and such further testing as we may deem warranted. If an environmental matter is identified, we estimate the cost and either establish a liability, purchase insurance or obtain an indemnity from a financially sound seller. However, in connection with our acquisitions or dispositions, we may assume or retain significant environmental liabilities, some of which we may be unaware. The potential costs related to these environmental matters and the possible impact on future operations are uncertain due in part to the complexity of government laws and regulations and their interpretations, the varying costs and effectiveness of various clean-up technologies, the uncertain level of insurance or other types of recovery, and the questionable level of our responsibility. We record a liability when it is both probable and the amount can be reasonably estimated. Due to the uncertainties previously described, we are unable to reasonably estimate the amount of possible additional losses associated with the resolution of these matters beyond what has been recorded.

In our opinion, after considering accruals established for such purposes, remedial actions for compliance with the present laws and regulations governing the protection of the environment are not expected to have a material impact on our business, financial condition, results of operations or cash flows.

Risk Management Matters

We are self-insured for certain of our workers' compensation, automobile, product and general liability, disability and health costs, and we believe that we maintain adequate accruals to cover our retained liability. Our accruals for risk management matters are determined by us, are based on claims filed and estimates of claims incurred but not yet reported, and generally are not discounted. We consider a number of factors, including third-party actuarial valuations, when making these determinations. We maintain third-party stop-loss insurance policies to cover certain liability costs in excess of predetermined retained amounts. This insurance may be insufficient or unavailable (e.g., because of insurer insolvency) to protect us against loss exposure.

Collaborative Arrangements

Collaborative arrangements are defined as a contractual arrangement in which the parties are (1) active participants to the arrangements and (2) exposed to significant risks and rewards that depend on the commercial success of the endeavor. Costs incurred and revenues generated from transactions with third parties are required to be reported by the collaborators on the appropriate line item in their respective income statements.

We enter into consortium arrangements for certain projects within our Thermal Equipment and Services reportable segment. Under such arrangements, each consortium member is responsible for performing certain discrete items of work within the total scope of the contracted work and the consortium expires when all contractual obligations are completed. The revenues for these discrete items of work are defined in the contract with the project owner and each consortium member bearing the profitability risk associated with its own work. Our consortium arrangements typically provide that each consortium member assumes its responsible share of any damages or losses associated with the project; however, the use of a consortium arrangement typically results in joint and several liability for the consortium members. If responsibility cannot be determined or a consortium member defaults, then the consortium members are responsible according to their share of the contract value. Within our consolidated financial statements, we account for our share of the revenues and profits under the consortium arrangements. As of December 31, 2011, our share of the aggregate contract value on open consortium arrangements was $324.0 (of which approximately 56% had been recognized as revenue), and the aggregate contract value on open consortium arrangements was $801.1. As of December 31, 2010, our share of the aggregate contract value on open consortium arrangements was $381.4 (of which approximately 45% had been recognized as revenue), and the aggregate contract value on open consortium arrangements was $948.7. At December 31, 2011 and 2010, we recorded liabilities of $1.9 and $3.2, respectively, representing the estimated fair value of our potential obligation under the joint and several liability provisions associated with the consortium arrangements.

Executive Agreements

The Board of Directors has approved employment agreements for nine of our executives. These agreements have rolling terms of either one year or two years and specify the executive's current compensation, benefits and perquisites, the executive's entitlements upon termination of employment or a change in control, and other employment rights and responsibilities. In addition, three executive officers have outstanding non-interest bearing 20-year relocation home loans totaling $4.5 granted in connection with the 2001 move of our corporate headquarters. In the event of the death or permanent disability of the employee or a change in control of SPX, we will forgive the note and pay the employee or his estate an amount equal to the employee's tax liability as a result of the loan forgiveness.

U.S. Health Care Reform Legislation

In the first quarter of 2010, the PPAC Act was enacted. As discussed in Note 11, the PPAC Act eliminated a portion of the federal income tax deduction available to companies that provide prescription drug benefits to retirees under Medicare Part D. We currently are evaluating other prospective effects of the Act and the related effects on our business.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Interpretation (FIN)

-Number 14

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

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-Name Statement of Financial Accounting Standard (FAS)

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+ Details

Shareholders' Equity and Stock-Based Compensation

12 Months Ended

Dec. 31, 2011

Shareholders' Equity and Stock-Based Compensation

Shareholders' Equity and Stock-Based Compensation

(15) Shareholders' Equity and Stock-Based Compensation

Earnings Per Share

The following table sets forth the computations of the components used for the calculation of basic and diluted earnings per share:

	Year Ended December 31,

	2011		2010			2009
Numerator:
Income from continuing operations	$	154.9	$	178.0		$	224.2
Less: Net income (loss) attributable to noncontrolling interests		5.0		(2.8	)		1.8

Income from continuing operations attributable to SPX Corporation common shareholders for calculating basic and diluted earnings per share	$	149.9	$	180.8		$	222.4

Income (loss) from discontinued operations	$	30.7	$	24.8		$	(208.0	)
Less: Net loss attributable to noncontrolling interest		—		—			(17.3	)

Income (loss) from discontinued operations attributable to SPX Corporation common shareholders for calculating basic and diluted earnings per share	$	30.7	$	24.8		$	(190.7	)

Denominator:
Weighted-average number of common shares used in basic earnings per share		50.499		49.718			49.363
Dilutive Securities — Employee stock options and restricted stock units		0.447		0.629			0.434

Weighted-average number of common shares and dilutive securities used in diluted earnings per share		50.946		50.347			49.797

The total number of stock options that were not included in the computation of dilutive earnings per share because their exercise price was greater than the average market price of common shares was 0.117, 0.405 and 0.668 for the years ended December 31, 2011, 2010 and 2009, respectively. The total number of unvested restricted stock and restricted stock units that were not included in the computation of diluted earnings per share because required market thresholds for vesting (as discussed below) were not met was 0.633, 0.102 and 0.222 at December 31, 2011, 2010 and 2009, respectively.

Accumulated Other Comprehensive Loss

The components of the balance sheet caption "Accumulated other comprehensive loss" were as follows:

	December 31, 2011			December 31, 2010

Foreign currency translation adjustment	$	199.7		$	223.2
Net unrealized losses on qualifying cash flow hedges, net of tax benefit of $2.9 and $2.2, respectively		(4.4	)		(3.3	)
Net unrealized gains (losses) on available-for-sale securities,		(1.5	)		6.1
Pension and postretirement liability adjustment and other, net of tax benefit of $274.3 and $266.6, respectively⁽¹⁾		(440.3	)		(418.6	)

Accumulated other comprehensive loss	$	(246.5	)	$	(192.6	)

⁽¹⁾: As of December 31, 2011 and 2010, included $3.8 and $3.2, respectively, related to our share of the pension liability adjustment for EGS.

Common Stock and Treasury Stock

At December 31, 2011, we had 200.0 authorized shares of common stock (par value $10.00). Common shares issued, treasury shares and shares outstanding are summarized in the table below.



Balance at December 31, 2008	96.523	(45.395	)	51.128
Stock options exercised	0.154	—		0.154
Share repurchases	—	(2.625	)	(2.625	)
Restricted stock and restricted stock units	0.260	0.104		0.364
Other	0.347	—		0.347

Balance at December 31, 2009	97.284	(47.916	)	49.368
Stock options exercised	0.238	—		0.238
Restricted stock and restricted stock units	0.278	0.142		0.420
Other	0.268	—		0.268

Balance at December 31, 2010	98.068	(47.774	)	50.294
Stock options exercised	0.154	—		0.154
Restricted stock and restricted stock units	0.209	0.145		0.354
Other	0.271	—		0.271

Balance at December 31, 2011	98.702	(47.629	)	51.073

Stock-Based Compensation

Under the 2002 Stock Compensation Plan, as amended in 2006 and 2011, the successor plan to the 1992 Stock Compensation Plan, up to 5.0 shares of our common stock were available for grant at December 31, 2011. The 2002 Stock Compensation Plan permits the issuance of new shares or shares from treasury upon the exercise of options, vesting of restricted stock units, or granting of restricted stock. Each share of restricted stock and restricted stock unit granted reduces availability by two and a half shares.

During the years ended December 31, 2011, 2010 and 2009, we classified excess tax benefits from stock-based compensation of $6.6, $4.2 and $1.7, respectively, as financing cash flows and included such amounts in "Proceeds from the exercise of employee stock options and other, net of minimum withholdings paid on behalf of employees for net share settlements" within our consolidated statements of cash flows.

Restricted stock or restricted stock units may be granted to certain eligible employees or non-employee directors in accordance with applicable equity compensation plan documents and agreements. Subject to participants' continued employment and other plan terms and conditions, the restrictions lapse and awards generally vest over three years. Market ("company performance") thresholds have been instituted for vesting of substantially all restricted stock and restricted stock unit awards. This vesting is based on SPX shareholder return versus the S&P 500 composite index. On each vesting date, we compare the SPX shareholder return to the performance of the S&P 500 composite index for the prior year and for the cumulative period since the date of the grant. If SPX outperforms the S&P 500 composite index for the prior year, the one-third portion of the grant associated with that year will vest. If SPX outperforms the S&P composite index for the cumulative period, any unvested portion of the grant that was subject to vesting on or prior to the vesting date will vest. Restricted stock and restricted stock units that do not vest within the three-year vesting period are forfeited.

We grant restricted stock to non-employee directors under the 2006 Non-Employee Directors' Stock Incentive Plan (the "Directors' Plan"). Under the Directors' Plan, up to 0.030 shares of our common stock were available for grant at December 31, 2011. Restricted stock grants have a three-year vesting period based on SPX shareholder return versus the S&P 500 composite index and are subject to the same company performance thresholds for employee awards described in the preceding paragraph. Restricted stock that does not vest within the three-year vesting period in accordance with these performance requirements is forfeited.

Stock options may be granted to key employees in the form of incentive stock options or nonqualified stock options, generally vest ratably over three years, which vesting may be subject to performance criteria, and expire no later than 10 years from the date of grant. The option price per share may be no less than the fair market value of our common stock at the close of business day prior to the date of grant. Upon exercise, the employee has the option to surrender previously owned shares at current value in payment of the exercise price and/or for withholding tax obligations, and, subject to certain restrictions, may receive a reload option having an exercise price equal to the current market value for the number of shares so surrendered. The reload option expires at the same time that the exercised option would have expired. Any future issuances of options under the plan will not have a reload feature, pursuant to the terms of the plan. We have not granted options to any of our employees since 2004.

The recognition of compensation expense for share-based awards, including stock options, is based on their grant date fair values. The fair value of each award is amortized over the lesser of the award's requisite or derived service period, which is generally up to three years. There was no stock option expense for the years ended December 31, 2011, 2010 and 2009. Compensation expense for the restricted stock and restricted stock units totaled $39.2, $29.9, and $26.5 for the years ended December 31, 2011, 2010 and 2009, respectively, with the related tax benefit being $14.7, $11.1, and $10.0 for the years ended December 31, 2011, 2010 and 2009, respectively.

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model. There were no option grants in 2011, 2010 and 2009.

We use the Monte Carlo simulation model valuation technique to determine fair value of our restricted stock and restricted stock units as they contain a "market condition." The Monte Carlo simulation model utilizes multiple input variables that determine the probability of satisfying the market condition stipulated in the award and calculates the fair value of each restricted stock and restricted stock unit award. We used the following assumptions in determining the fair value of the awards granted on March 1, 2011 and March 1, 2010:



March 1, 2011:
SPX Corporation	61.0	%	1.27	%	1.03	%	0.7559
S&P 500 Composite Index	30.3	%	n/a		1.03	%
March 1, 2010:
SPX Corporation	62.0	%	1.64	%	1.20	%	0.7250
S&P 500 Composite Index	30.8	%	n/a		1.20	%

Annual expected stock price volatility is based on the three-year historical volatility. The annual expected dividend yield is based on annual expected dividend payments and the stock price on the date of grant. The average risk-free interest rate is based on the one-year through three-year daily treasury yield curve rate as of the grant date.

Restricted Stock and Restricted Stock Unit Awards

The following table summarizes the restricted stock and restricted stock unit activity from December 31, 2008 through December 31, 2011:

			Weighted-average Grant-Date Fair Value per share

Outstanding at December 31, 2008	1.251		$	58.01
Granted	0.667			33.42
Vested	(0.429	)		41.75
Forfeited	(0.054	)		54.61

Outstanding at December 31, 2009	1.435			51.75
Granted	0.738			48.91
Vested	(0.626	)		50.46
Forfeited	(0.031	)		47.82

Outstanding at December 31, 2010	1.516			50.97
Granted	0.836			62.72
Vested	(0.636	)		51.47
Forfeited	(0.276	)		67.21

Outstanding at December 31, 2011	1.440			54.38

As of December 31, 2011, there was $18.1 of unrecognized compensation cost related to restricted stock and restricted stock unit compensation arrangements. We expect this cost to be recognized over a weighted-average period of 1.5 years.

Stock Options

The following table shows stock option activity from December 31, 2008 through December 31, 2011:

			Weighted- Average Exercise Price

Options outstanding and exercisable at December 31, 2008	1.308		$	64.89
Exercised	(0.154	)		39.69
Terminated	(0.273	)		94.80

Options outstanding and exercisable at December 31, 2009	0.881			59.86
Exercised	(0.238	)		48.21
Terminated	(0.008	)		90.23

Options outstanding and exercisable at December 31, 2010	0.635			63.82
Exercised	(0.154	)		65.44
Terminated	(0.117	)		89.10

Options outstanding and exercisable at December 31, 2011	0.364			54.87

The weighted-average remaining term, in years, of stock options outstanding and exercisable at December 31, 2011 was 0.5. The total number of in-the-money options exercisable on December 31, 2011 was 0.178. Aggregate intrinsic value (market value of stock less option exercise price) represents the total pre-tax intrinsic value, based on our closing stock price on December 31, 2011, which would have been received by the option holders had all in-the-money option holders exercised their options as of that date. The aggregate intrinsic value of the options outstanding and exercisable at December 31, 2011 was $3.8. The aggregate intrinsic value of options exercised during the years ended December 31, 2011, 2010 and 2009 was $2.5, $4.1, and $2.7, respectively.

Treasury Stock

In 2009, we repurchased 2.625 shares of our common stock on the open market pursuant to written trading plans under Rule 10b5-1 of the Securities and Exchange Act of 1934, as amended, for total cash consideration of $113.2. We record common stock repurchases based on the settlement date. The covenants under our senior credit facilities contain certain restrictions on the payment of dividends and the repurchase of our common stock. See Note 12 for discussion of our ability to repurchase shares under our current senior credit facilities.

On February 16, 2012, we entered into a written trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, to facilitate the repurchase of up to $350.0 of shares of our common stock on or before February 14, 2013, in accordance with a share repurchase program authorized by our Board of Directors. Trading under this plan is scheduled to begin no sooner than February 24, 2012. Of the amount under the plan, $75.0 may be repurchased prior to the completion of the sale of our Service Solutions business, with the remainder scheduled to be repurchased following the consummation of the Service Solutions business sale.

Preferred Stock

None of our 3.0 shares of authorized no par value preferred stock was outstanding at December 31, 2011, 2010 or 2009.

Fair Value

12 Months Ended

Dec. 31, 2011

Fair Value

Fair Value

(16) Fair Value

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In the absence of active markets for the identical assets or liabilities, such measurements involve developing assumptions based on market observable data and, in the absence of such data, internal information that is consistent with what market participants would use in a hypothetical transaction that occurs at the measurement date. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our market assumptions. Preference is given to observable inputs. These two types of inputs create the following fair value hierarchy:

•

Level 1 — Quoted prices for identical instruments in active markets.

•

Level 2 — Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.

•

Level 3 — Significant inputs to the valuation model are unobservable.

The following section describes the valuation methodologies we use to measure different financial instruments at fair value on a recurring basis.

Derivative Financial Instruments

Our financial derivative assets and liabilities include FX forward contracts, FX embedded derivatives and commodity contracts, which are valued using valuation models that measure fair value using observable market inputs such as forward rates, interest rates, our own credit risk and our counterparties' credit risks. Based on these inputs, the derivative assets and liabilities are classified within Level 2 of the valuation hierarchy. We have not made any adjustments to the inputs obtained from the independent sources. Based on our continued ability to enter into forward contracts, we consider the markets for our fair value instruments to be active. We primarily use the income approach, which uses valuation techniques to convert future amounts to a single present amount.

As of December 31, 2011, there had been no significant impact to the fair value of our derivative liabilities due to our own credit risk as the related instruments are collateralized under our senior credit facilities. Similarly, there had been no significant impact to the fair value of our derivative assets based on our evaluation of our counterparties' credit risk.

Investments in Equity Securities

Our available-for-sale securities include equity investments that are traded in active international markets. They are measured at fair value using closing stock prices from active markets and are classified within Level 1 of the valuation hierarchy. These assets had a fair market value of $5.2 and $12.8 at December 31, 2011 and December 31, 2010, respectively, and were recorded in "Assets of discontinued operations" within our consolidated balance sheets.

Certain of our investments in equity securities that are not readily marketable are accounted for under the fair value option, with such values determined by multidimensional pricing models. These models consider market activity based on modeling of securities with similar credit quality, duration, yield and structure. A variety of inputs are used, including benchmark yields, reported trades, non-binding broker/dealer quotes, issuer spread and reference data including market research publications. Market indicators, industry and economic events are also considered. We have not made any adjustments to the inputs obtained from the independent sources. At December 31, 2011 and December 31, 2010, these assets had a fair value of $7.8 and $8.5, respectively, which are estimated using various valuation models, including the Monte-Carlo simulation model, and were recorded in "Assets of discontinued operations" within our consolidated balance sheets.

Assets and liabilities measured at fair value on a recurring basis include the following as of December 31, 2011:

	Fair Value Measurements Using

	Level 1		Level 2		Level 3
Current assets — FX embedded derivatives and FX forward contracts	$	—	$	1.2	$	—
Current assets — Investment in equity securities and available-for-sale securities		5.2		—		7.8
Current liabilities — FX forward contracts, FX embedded derivatives, and commodity contracts		—		1.9		—
Long-term liabilities — FX embedded derivatives		—		14.8		—

Assets and liabilities measured at fair value on a recurring basis include the following as of December 31, 2010:

	Fair Value Measurements Using

	Level 1		Level 2		Level 3
Current assets — FX embedded derivatives, FX forward contracts and commodity contracts	$	—	$	4.1	$	—
Current assets — Investment in equity securities and available-for-sale securities		12.8		—		8.5
Current liabilities — FX forward contracts and FX embedded derivatives		—		6.1		—
Long-term liabilities — FX embedded derivatives		—		33.2		—

The table below presents a reconciliation of our investment in equity securities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the years ended December 31, 2011 and 2010, including net unrealized losses included in earnings.

	Reconciliation of Equity Securities using Significant Unobservable Inputs (Level 3)

Balance at December 31, 2009	$	—
Purchases		9.8
Losses included in income from discontinued operations		(1.3	)

Balance at December 31, 2010		8.5
Losses included in income from discontinued operations		(0.7	)

Balance at December 31, 2011	$	7.8

During 2011, we recorded impairment charges of $6.5 to "Special charges, net" associated with our decision to postpone the construction of a manufacturing facility in Shanghai, China, with the charge related to all the costs that had been previously capitalized.

During the second and fourth quarters of 2011, we determined that the fair value of our SPX Heat Transfer Inc. reporting unit was less than the carrying value of its net assets (see Note 8). The fair value of SPX Heat Transfer Inc. was based upon weighting the income and market approaches, utilizing estimated cash flows and a terminal value discounted at a rate of return that reflects the relative risk of the cash flows, as well as valuation multiples derived from comparable publicly-traded companies that are applied to the historical and projected operating results of SPX Heat Transfer Inc. (unobservable inputs — Level 3). We estimated the implied fair value of SPX Heat Transfer Inc.'s goodwill, which resulted in an aggregate impairment charge related to such goodwill of $20.8 during 2011. In addition, we recorded an impairment charge in the second quarter of 2011 of $7.5 related to the indefinite-lived intangible assets of SPX Heat Transfer Inc., with the fair value of these intangible assets of $22.6 determined based on a projection of cash flows for the assets discounted at a rate of return that reflected the relative risk of the cash flows (unobservable inputs — Level 3).

During 2010, we recorded impairment charges of $6.8, to "Special charges, net" related to assets to be disposed of in connection with certain restructuring initiatives (see Note 6). The fair values of these assets ($4.7) were based on the estimated selling prices. We determined the estimated selling prices by obtaining information in the specific markets being evaluated, including comparable sales of similar assets and assumptions about demand in the market for these assets (unobservable inputs — Level 3).

In connection with our annual goodwill impairment testing during the fourth quarter of 2009, we determined that the fair value of our Service Solutions reporting unit was less than the carrying value of its net assets. The fair value of the reporting unit was based upon weighting of the income and market approaches, utilizing estimated cash flows and a terminal value discounted at a rate of return that reflects the relative risk of the cash flows, as well as valuation multiples derived from comparable publicly traded companies that are applied to the historical and projected operating results of the reporting unit (unobservable inputs — Level 3). We estimated the implied fair value of Service Solutions' goodwill, which resulted in an impairment charge related to such goodwill of $187.7. In addition, in 2009 we recorded an impairment charge of $1.0 related to other intangible assets of Service Solutions. The fair value of these intangible assets was determined based on a projection of cash flows for the assets discounted at a rate of return that reflected the relative risk of the cash flows (unobservable input — Level 3). The aggregate impairment charge of $188.7 was recorded to "Income (loss) from discontinued operations, net of tax" in the accompanying consolidated statement of operations for the year ended December 31, 2009.

In connection with our annual impairment testing of indefinite-lived intangible assets during the fourth quarter of 2009, we determined that trademarks held by a business within our Thermal Equipment and Services reportable segment were impaired and, thus, we recorded an impairment charge of $6.1 during 2009. The fair value was determined by applying an estimated royalty rate to projected revenues, with the resulting cash flows discounted at a rate of return that reflected current market conditions (unobservable inputs — Level 3).

We recorded pre-tax impairment charges of $20.8 during 2009 (to "Gain (loss) on disposition of discontinued operations, net of tax") in order to reduce the carrying value of the net assets of Filtran and PSD (see Note 4) to their estimated fair values. The fair value of the Filtran business was based primarily on the sales price received in October 2009 (i.e., an observable quoted price in an active market, as adjusted for certain other observable inputs — Level 2), while the fair value for PSD was based on indications of interest (unobservable inputs — Level 3). In addition, we recorded impairment charges of $11.1 during 2009 to "Special charges, net" related to assets to be disposed in connection with certain restructuring initiatives. The fair values of $8.9 for these assets was based on the estimated selling prices. We determined the estimated selling prices by obtaining information in the specific markets being evaluated, including comparable sales of similar assets and assumptions about demand in the market for these assets (unobservable inputs — Level 3).

The carrying amount of cash and equivalents and receivables reported in our consolidated balance sheets approximates fair value because of the short maturity of those instruments.

The fair value of our debt instruments, based on borrowing rates available to us at December 31, 2011 for similar debt, was $2,099.1 at December 31, 2011, compared to our carrying value of $2,001.1.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

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+ Details

Quarterly Results (Unaudited)

12 Months Ended

Dec. 31, 2011

Quarterly Results (Unaudited)

Quarterly Results (Unaudited)

(17) Quarterly Results (Unaudited)

	First(3)					Second					Third				Fourth(3)

	2011		2010			2011		2010			2011		2010		2011		2010
Operating revenues	$	984.9	$	913.4		$	1,136.8	$	989.9		$	1,166.0	$	1,094.7	$	1,263.7	$	1,115.9
Gross profit		292.8		270.8			314.4		301.1			323.6		327.7		347.0		334.7
Income from continuing operations⁽¹⁾		20.7		14.0			25.0		64.6			50.8		35.0		58.4		64.4
Income (loss) from discontinued operations, net of tax⁽¹⁾⁽²⁾		4.1		7.3			10.0		13.4			11.5		4.7		5.1		(0.6	)

Net income		24.8		21.3			35.0		78.0			62.3		39.7		63.5		63.8
Less: Net income (loss) attributable to noncontrolling interests		1.7		(0.8	)		0.7		(0.8	)		1.6		0.3		1.0		(1.5	)

Net income attributable to SPX Corporation common shareholders	$	23.1	$	22.1		$	34.3	$	78.8		$	60.7	$	39.4	$	62.5	$	65.3

Basic earnings (loss) per share of common stock:
Continuing operations	$	0.38	$	0.30		$	0.48	$	1.32		$	0.97	$	0.70	$	1.14	$	1.32
Discontinued operations, net of tax		0.08		0.15			0.20		0.27			0.23		0.09		0.10		(0.01	)

Net income	$	0.46	$	0.45		$	0.68	$	1.59		$	1.20	$	0.79	$	1.24	$	1.31

Diluted earnings (loss) per share of common stock:
Continuing operations	$	0.37	$	0.29		$	0.47	$	1.30		$	0.97	$	0.69	$	1.13	$	1.30
Discontinued operations, net of tax		0.08		0.15			0.20		0.27			0.23		0.09		0.10		(0.01	)

Net income	$	0.45	$	0.44		$	0.67	$	1.57		$	1.20	$	0.78	$	1.23	$	1.29

Note: The sum of the quarters' earnings per share may not equal the full year per share amounts.

⁽¹⁾

The first, second, third and fourth quarters of 2011 included charges of $2.4, $ 4.3, $7.2, and $11.4, respectively, associated with restructuring initiatives. The first, second, third and fourth quarters of 2010 included charges of $4.1, $3.9, $7.5 and $15.2, respectively, associated with restructuring initiatives. See Note 6 for additional information.

The first, second, third and fourth quarters of 2011 included income (expense) for foreign currency transactions and our FX forward contracts and FX embedded derivatives of $(2.2), $(3.5), $(30.9) and $(4.8), respectively, while the related amounts for the four quarters of 2010 were $(12.8), $(2.9), $(6.9) and $(4.9), respectively. The third and fourth quarter 2011 amounts include charges of $30.6 and $4.0, respectively, associated with FX forward contracts which were entered into in order to hedge the purchase price of the Clyde Union acquisition, which was paid in GBP.

Beginning in the first quarter of 2011, we began amortizing, for one of our domestic pension plans, the unrecognized gains (losses) over the average remaining life expectancy of the inactive participants as opposed to the average remaining service period of the active participants, as almost all of the plan participants have become inactive. This change resulted in a reduction in pension expense of $5.0 for each of the quarters during 2011.

During the first, second, third and fourth quarters of 2011, we recorded income tax credits of $0.8, $0.9, $2.0 and $4.0, respectively, related to the expansion of our power transformer facility in Waukesha, WI.

During the first quarter of 2011, we recorded an insurance recovery of $6.3 within Industrial Products and Services related to a product liability matter.

During the second and fourth quarters of 2011, we recorded impairment charges of $24.7 and $3.6, respectively, related to the goodwill and indefinite-lived intangible assets of SPX Heat Transfer Inc.

During the second quarter of 2011, we recorded an income tax benefit of $2.5 associated with the conclusion of a Canadian appeals process.

During the third quarter of 2011, we recorded an income tax benefit of $27.8 associated with the release of the valuation allowance on our existing foreign tax credit carryforwards. This benefit was offset partially by $6.9 of federal income taxes that were recorded in connection with our plan to repatriate a portion of the earnings of a foreign subsidiary.

During the fourth quarter of 2011, we recorded a charge of $19.4 associated with amounts that are deemed uncollectible from an insolvent insurer for certain risk management matters. Of the $19.4 charge, $18.2 was recorded to "Other expense, net" and $1.2 to "Gain (loss) on disposition of discontinued operations, net of tax."

During the fourth quarter of 2011, we recorded net charges of $10.7 within our Thermal Equipment and Services reportable segment associated with changes in cost estimates for certain contracts in South Africa.

Incentive compensation expense for the fourth quarter of 2011 was $13.3 lower than the related figure for the fourth quarter of 2010.

The effective income tax rate for the first quarter of 2010 was impacted unfavorably by a domestic charge of $6.2 associated with the taxation of prescription drug costs for retirees under Medicare Part D as a result of the enactment of the PPAC Act. In addition, we recorded a domestic charge of $3.8 during the first quarter of 2010 associated with agreed-upon adjustments in connection with the field examination of our 2006 and 2007 federal income tax returns (see below for further discussion of the examination).

During the second quarter of 2010, the IRS completed the field examination of our 2006 and 2007 federal income tax returns and issued a RAR. Upon issuance of the RAR, we reduced a portion of our valuation allowance and our liability for uncertain tax positions to reflect amounts determined to be effectively settled or that satisfied the more likely than not threshold, resulting in the recognition of income tax benefits of $22.0 and $7.3 to continuing and discontinued operations, respectively.

During the fourth quarter of 2010, we recorded tax benefits of $16.0 related to a reduction in liabilities for uncertain tax positions associated with various foreign and domestic statute expirations and settlements of state examinations. In addition, we recorded a domestic charge of $3.6 associated with the repatriation of foreign earnings during the quarter.

⁽²⁾

During the first quarter of 2010, we completed the sale of PSD for cash consideration of $3.0, resulting in a gain, net of taxes, of $3.6 during the quarter.

⁽³⁾

We establish actual interim closing dates using a "fiscal" calendar, which requires our businesses to close their books on the Saturday closest to the end of the calendar quarter for the first quarter, with the second and third quarters being 91 days in length. Our fourth quarter ends on December 31. The interim closing dates for the first, second and third quarters of 2011 were April 2, July 2 and October 1, compared to the respective April 3, July 3 and October 2, 2010 dates. This practice only affects the quarterly reporting periods and not the annual reporting period. We had one fewer day in the first quarter of 2011 and had one more day in the fourth quarter of 2011 than in the respective 2010 periods.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References+ Details

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2011

Summary of Significant Accounting Policies

Basis of Presentation

Foreign Currency Translation

Cash Equivalents

Cash Equivalents — We consider highly liquid money market investments with original maturities of three months or less at the date of purchase to be cash equivalents.

Revenue Recognition

Research and Development Costs

Property, Plant and Equipment

Income Taxes

Derivative Financial Instruments

Accounts Receivable Allowances

Inventory

Impairment of Long-Lived and Intangible Assets Subject to Amortization

Goodwill and Indefinite Lived Intangible Assets

Accrued Expenses

Accrued Expenses — We make estimates and judgments in establishing accruals as required under GAAP.

Legal

Environmental Remediation Costs

Self-Insurance

Warranty

Income Taxes

Employee Benefit Plans

Acquisitions and Discontinued Operations

Business Acquisitions

Discontinued Operations

Discontinued Operations

Environmental Matters

Environmental Matters

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2011

Summary of Significant Accounting Policies

Schedule of costs and estimated earnings on uncompleted contracts

	2011			2010

Costs incurred on uncompleted contracts	$	2,783.5		$	2,394.7
Estimated earnings to date		750.6			662.9

		3,534.1			3,057.6
Less: Billings to date		(3,514.4	)		(3,203.4	)

		19.7			(145.8	)
Net costs and estimated earnings in excess of billings assumed in the acquisition of Clyde Union (Holdings) S.A.R.L. ("Clyde Union")		57.2			—

Net costs and estimated earnings in excess of billings (billings in excess of costs and estimated earnings)	$	76.9		$	(145.8	)

Schedule of net billings in excess of costs and estimated earnings

	2011			2010

Costs and estimated earnings in excess of billings⁽¹⁾	$	355.9		$	228.1
Billings in excess of costs and estimated earnings on uncompleted contracts⁽²⁾		(279.0	)		(373.9	)

Net costs and estimated earnings in excess of billings (billings in excess of costs and estimated earnings)	$	76.9		$	(145.8	)

⁽¹⁾: The December 31, 2011 and 2010 balances include $355.9 and $226.3 reported as a component of "Accounts receivable, net", respectively, and $0.0 and $1.8 as a component of "Other long-term assets" in the consolidated balance sheets, respectively.
⁽²⁾: The December 31, 2011 and 2010 balances include $275.4 and $364.5 reported as a component of "Accrued expenses", respectively, and $3.6 and $9.4 as a component of "Other long-term liabilities" in the consolidated balance sheets, respectively.

Use Of Estimates (Tables)

12 Months Ended

Dec. 31, 2011

Use Of Estimates

Schedule of activity for accounts receivable allowance accounts

	Year ended December 31,

	2011			2010			2009
Balance at beginning of year	$	45.6		$	45.9		$	48.8
Acquisitions		1.2			1.1			0.2
Allowances provided		17.9			18.9			11.6
Write-offs, net of recoveries and credits issued		(22.2	)		(20.3	)		(14.7	)

Balance at end of year	$	42.5		$	45.6		$	45.9

Schedule of accrued expenses

	December 31,

	2011		2010
Employee benefits	$	181.8	$	189.1
Unearned revenue⁽¹⁾		484.2		481.9
Warranty		46.6		38.9
Other⁽²⁾		269.4		275.1

Total	$	982.0	$	985.0

⁽¹⁾: Unearned revenue includes billings in excess of costs and estimated earnings on uncompleted contracts accounted for under the percentage-of-completion method of revenue recognition, customer deposits and unearned amounts on service contracts.
⁽²⁾: Other consists of various items, including legal, interest, restructuring and dividends payable, none of which individually require separate disclosure.

Schedule of product warranty accrual

	Year ended December 31,

	2011			2010			2009
Balance at beginning of year	$	47.7		$	49.2		$	47.9
Acquisitions		7.7			1.7			3.6
Provisions		21.7			20.5			20.9
Usage		(20.4	)		(23.7	)		(23.2	)

Balance at end of year		56.7			47.7			49.2
Less: Current portion of warranty		46.6			38.9			37.5

Non-current portion of warranty	$	10.1		$	8.8		$	11.7

Acquisitions, Discontinued Operations and Other Dispositions (Tables)

12 Months Ended

Dec. 31, 2011

Acquisitions, Discontinued Operations and Other Dispositions

Summary of the recorded preliminary fair values of the assets acquired and liabilities assumed for Clyde Union


Assets acquired:
Current assets, including cash and equivalents of $44.3	$	353.8
Property, plant and equipment		67.3
Goodwill		314.8
Intangible assets		385.4
Other assets		28.5

Total assets acquired		1,149.8

Liabilities assumed:
Current liabilities		222.0
Other long-term liabilities		159.0

Total liabilities assumed		381.0

Noncontrolling interest		1.8

Net assets acquired	$	767.0

Schedule of unaudited pro forma information

	2011		2010
	Year Ended December 31,
Revenues	$	4,985.6	$	4,517.3
Income from continuing operations attributable to SPX Corporation common shareholders		157.8		195.3
Net income attributable to SPX Corporation common shareholders		188.5		220.1
Income from continuing operations:
Basic	$	3.12	$	3.93
Diluted	$	3.10	$	3.88
Net income attributable to SPX Corporation common shareholders:
Basic	$	3.73	$	4.43
Diluted	$	3.70	$	4.37

Schedule of businesses sold showing quarter discontinued and quarter sold

Business

Cooling Spain Packaging business ("Cooling Spain")	Q4 2010	Q4 2010
P.S.D., Inc. ("PSD")	Q2 2009	Q1 2010
Automotive Filtration Solutions business ("Filtran")	Q4 2008	Q4 2009
Dezurik	Q3 2008	Q1 2009

Schedule of income (loss) from discontinued operations and related income taxes

	Year ended December 31,

	2011			2010		2009
Income (loss) from discontinued operations⁽¹⁾	$	47.5		$	19.8	$	(255.5	)
Income tax (expense) benefit⁽¹⁾		(16.8	)		5.0		47.5

Income (loss) from discontinued operations, net⁽¹⁾	$	30.7		$	24.8	$	(208.0	)

⁽¹⁾: Amounts for 2009 included impairment charges of $188.7 associated with goodwill and certain intangible assets of the Service Solutions business, along with the related income tax benefit of $23.3.

Schedule of results of operations of businesses reported as discontinued operations

	Year ended December 31,

	2011		2010		2009
Revenues	$	910.5	$	778.8	$	760.8
Pre-tax income (loss)⁽¹⁾		50.5		20.5		(206.5	)

⁽¹⁾: Amount for 2009 included impairment charges of $188.7 associated with goodwill and certain intangible assets of the Service Solutions business.

Schedule of major classes of assets and liabilities, excluding intercompany balances

	December 31, 2011		December 31, 2010

Assets:
Accounts receivable, net	$	191.8	$	194.7
Inventories		127.7		108.9
Other current assets		9.3		8.8
Property, plant and equipment, net		48.7		50.6
Goodwill and intangibles, net		283.9		257.2
Other assets		58.7		66.1

Assets of discontinued operations	$	720.1	$	686.3

Liabilities:
Accounts payable	$	109.3	$	105.2
Accrued expenses		109.4		95.1
Income taxes payable		1.5		—
Deferred and other income taxes		6.6		3.0
Other liabilities		7.6		6.8

Liabilities of discontinued operations	$	234.4	$	210.1

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References+ Details

Information on Reportable Segments and Other Operating Segments (Tables)

12 Months Ended

Dec. 31, 2011

Information on Reportable Segments and Other Operating Segments

Schedule of business financial data, including the results of acquisitions from the respective dates of acquisition

	2011		2010		2009

Revenues:
Flow Technology reportable segment	$	2,042.0	$	1,662.2	$	1,634.1
Thermal Equipment and Services reportable segment		1,644.2		1,602.1		1,595.5
Industrial Products and Services		865.2		849.6		945.5

Total	$	4,551.4	$	4,113.9	$	4,175.1

Income:
Flow Technology reportable segment	$	268.4	$	215.6	$	210.9
Thermal Equipment and Services reportable segment		141.9		193.7		171.8
Industrial Products and Services		109.7		124.1		198.2

Total income for reportable and other operating segments		520.0		533.4		580.9
Corporate expense		105.9		98.4		87.1
Pension and postretirement expense		35.4		52.2		37.2
Stock-based compensation expense		39.2		29.9		26.5
Special charges, net		25.3		30.7		49.5
Impairment of goodwill and other intangible assets		28.3		1.7		6.1

Consolidated operating income	$	285.9	$	320.5	$	374.5

Capital expenditures:
Flow Technology reportable segment	$	59.6	$	23.2	$	17.6
Thermal Equipment and Services reportable segment		12.4		13.1		22.0
Industrial Products and Services		60.1		14.4		11.8
General corporate		15.1		20.3		35.0

Total	$	147.2	$	71.0	$	86.4

Depreciation and amortization:
Flow Technology reportable segment	$	41.1	$	36.5	$	34.0
Thermal Equipment and Services reportable segment		24.0		24.2		21.0
Industrial Products and Services		15.7		15.4		14.7
General corporate		7.0		5.8		5.6

Total	$	87.8	$	81.9	$	75.3

Identifiable assets:
Flow Technology reportable segment	$	3,359.9	$	2,098.0	$	1,988.3
Thermal Equipment and Services reportable segment		1,825.2		1,809.1		1,789.5
Industrial Products and Services		781.1		670.7		714.0
General corporate		705.5		729.2		576.0
Discontinued operations		720.1		686.3		657.2

Total	$	7,391.8	$	5,993.3	$	5,725.0

Schedule of revenue and long-lived assets by geographic area

Geographic Areas:	2011		2010		2009

Revenues:⁽¹⁾
United States	$	2,237.7	$	2,024.1	$	2,102.3
Germany		387.6		413.4		587.6
China		277.5		362.9		272.3
South Africa		281.4		241.5		138.1
United Kingdom		239.7		219.1		229.5
Other		1,127.5		852.9		845.3

	$	4,551.4	$	4,113.9	$	4,175.1

Tangible Long-Lived Assets:
United States	$	1,075.1	$	854.8	$	687.9
Other		284.0		239.2		204.7

Long-lived assets of continuing operations		1,359.1		1,094.0		892.6
Long-lived assets of discontinued operations		107.4		116.7		96.5

Total tangible long-lived assets	$	1,466.5	$	1,210.7	$	989.1

⁽¹⁾: Revenues are included in the above geographic areas based on the country that recorded the customer revenue.

Special Charges, Net (Tables)

12 Months Ended

Dec. 31, 2011

Special Charges, Net

Summary of special charges by expense type

	2011		2010		2009

Employee termination costs	$	11.5	$	18.4	$	29.1
Facility consolidation costs		5.5		4.0		5.6
Other cash costs		0.1		1.5		5.5
Non-cash asset write-downs		8.2		6.8		9.3

Total	$	25.3	$	30.7	$	49.5

Schedule of special charges, net

	Employee Termination Costs		Facility Consolidation Costs		Other Cash Costs		Non-Cash Asset Write-downs		Total Special Charges

Flow Technology reportable segment	$	6.4	$	4.1	$	—	$	—	$	10.5
Thermal Equipment and Services reportable segment		2.2		0.7		—		—		2.9
Industrial Products and Services		2.6		—		—		1.7		4.3
Corporate		0.3		0.7		0.1		6.5		7.6

Total	$	11.5	$	5.5	$	0.1	$	8.2	$	25.3

	Employee Termination Costs		Facility Consolidation Costs		Other Cash Costs		Non-Cash Asset Write-downs		Total Special Charges

Flow Technology reportable segment	$	6.1	$	3.0	$	0.5	$	2.1	$	11.7
Thermal Equipment and Services reportable segment		11.9		—		0.3		4.0		16.2
Industrial Products and Services		0.4		0.1		—		—		0.5
Corporate		—		0.9		0.7		0.7		2.3

Total	$	18.4	$	4.0	$	1.5	$	6.8	$	30.7

	Employee Termination Costs		Facility Consolidation Costs		Other Cash Costs			Non-Cash Asset Write-downs		Total Special Charges

Flow Technology reportable segment	$	16.1	$	4.1	$	2.7		$	1.8	$	24.7
Thermal Equipment and Services reportable segment		8.7		—		(0.3	)		5.5		13.9
Industrial Products and Services		3.7		—		0.1			0.1		3.9
Corporate		0.6		1.5		3.0			1.9		7.0

Total	$	29.1	$	5.6	$	5.5		$	9.3	$	49.5

Rollforward of restructuring and integration liabilities

	December 31,

	2011			2010			2009
Balance at beginning of year	$	17.6		$	19.5		$	30.1
Special charges — cash⁽¹⁾		17.1			23.9			40.8
Utilization — cash		(23.4	)		(19.9	)		(50.2	)
Currency translation adjustment and other		(0.3	)		(5.9	)		(1.2	)

Ending balance	$	11.0		$	17.6		$	19.5

⁽¹⁾: The years ended December 31, 2011, 2010 and 2009 exclude $8.2, $6.8 and $8.7, respectively, of non-cash special charges that impact special charges but not the restructuring and integration related liabilities.

- Definition

Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost.

+ References+ Details

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2011

Goodwill and Other Intangible Assets

Schedule of changes in the carrying amount of goodwill, by reportable segment and other operating segments

	December 31, 2009			Goodwill resulting from business combinations		Impairments		Foreign Currency Translation and other(2)			December 31, 2010			Goodwill resulting from business combinations		Impairments(1)			Foreign Currency Translation and other(2)			December 31, 2011

Flow Technology reportable segment
Gross Goodwill	$	652.2		$	53.8	$	—	$	(3.3	)	$	702.7		$	324.8	$	—		$	(7.6	)	$	1,019.9
Accumulated Impairments		—			—		—		—			—			—		—			—			—

Goodwill		652.2			53.8		—		(3.3	)		702.7			324.8		—			(7.6	)		1,019.9

Thermal Equipment and Services reportable segment
Gross Goodwill		622.6			—		—		(20.0	)		602.6			—		—			(4.8	)		597.8
Accumulated Impairments		(114.1	)		—		—		—			(114.1	)		—		(20.8	)		—			(134.9	)

Goodwill		508.5			—		—		(20.0	)		488.5			—		(20.8	)		(4.8	)		462.9

Industrial Products and Services
Gross Goodwill		470.1			7.3		—		(25.9	)		451.5			—		—			(0.9	)		450.6
Accumulated Impairments		(185.8	)		—		—		26.0			(159.8	)		—		—			0.1			(159.7	)

Goodwill		284.3			7.3		—		0.1			291.7			—		—			(0.8	)		290.9

Total
Gross Goodwill		1,744.9			61.1		—		(49.2	)		1,756.8			324.8		—			(13.3	)		2,068.3
Accumulated Impairments		(299.9	)		—		—		26.0			(273.9	)		—		(20.8	)		0.1			(294.6	)

Goodwill	$	1,445.0		$	61.1	$	—	$	(23.2	)	$	1,482.9		$	324.8	$	(20.8	)	$	(13.2	)	$	1,773.7

(1): Impairment charges totaled $20.8 during the year ended December 31, 2011 related to our SPX Heat Transfer Inc. reporting unit.
(2): Includes adjustments resulting from recent acquisitions not consummated during the year ended December 31, 2011 and 2010 of $(3.8) and $(5.8), respectively, and changes from foreign currency translation adjustments for the year ended December 31, 2011 and 2010 of $(9.4) and $(17.4), respectively.

Schedule of identifiable intangible assets

	December 31, 2011							December 31, 2010

	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Intangible assets with determinable lives⁽¹⁾:
Patents	$	8.5	$	(7.6	)	$	0.9	$	13.9	$	(12.6	)	$	1.3
Technology		182.2		(30.5	)		151.7		115.4		(22.9	)		92.5
Customer relationships		400.4		(44.7	)		355.7		165.2		(33.3	)		131.9
Other:		38.7		(11.0	)		27.7		27.8		(9.1	)		18.7

		629.8		(93.8	)		536.0		322.3		(77.9	)		244.4
Trademarks with indefinite lives⁽²⁾:		436.4		—			436.4		369.6		—			369.6

Total	$	1,066.2	$	(93.8	)	$	972.4	$	691.9	$	(77.9	)	$	614.0

⁽¹⁾: The identifiable intangible assets associated with the Clyde Union acquisition consist of trademarks, customer lists, customer relationships and technology of $76.8, $14.7, $234.3 and $59.6, respectively, with such amounts based on a preliminary assessment of the related fair values.
⁽²⁾: Balance reflects impairment charges recorded during 2011 associated with businesses within our Thermal Equipment and Services reportable segment and Industrial Products and Services of $7.5 and $0.8, respectively, and an impairment charge associated with a business within our Thermal Equipment and Services reportable segment of $1.7 in 2010.

- Definition

Tabular disclosure of goodwill by reportable segment and in total. Disclosure details may include, but are not limited to, the carrying amount of goodwill, goodwill acquired during the year, goodwill impairment losses recognized, goodwill written-off due to the sale of a business unit, goodwill not yet allocated, and any other changes to goodwill.

+ References+ Details

Investment in Joint Venture (Tables)

12 Months Ended

Dec. 31, 2011

Investment in Joint Venture

Schedule of results of operations and other information of joint venture investment

	2011		2010		2009

Net sales	$	495.3	$	445.4	$	429.4
Gross profit		201.5		189.2		182.3
Net income		63.7		62.7		62.5
Capital expenditures		16.7		11.9		11.8
Depreciation and amortization		10.3		9.6		8.8
Dividends received		29.4		30.3		30.7
Undistributed earnings attributable to SPX Corporation		4.6		5.5		6.8
SPX's equity earnings in EGS		28.7		28.8		28.0

Schedule of condensed balance sheet information for joint venture investment

	2011		2010

Current assets	$	179.7	$	170.2
Non-current assets		342.5		337.5
Current liabilities		128.0		114.2
Non-current liabilities		30.1		29.0

- Definition

Tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available.

+ References+ Details

Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2011

Employee Benefit Plans

Schedule of entity's multiemployer benefit plan

Pension Fund		EIN Pension Plan Number			Pension Protection Act Zone Status — 2011			Financial Improvement Plan / Rehabilitation Plan Status Pending			2011 Contributions			Surcharge Imposed			Expiration Date of Collective Bargaining Agreement

IAM National Pension Fund, National Pension Plan			51-6031295-002			Green			No		$	0.3			No			August 7, 2012

Pension plans

Employee Benefit Plans

Schedule of the fair value of plan assets by asset class

	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Asset class:
Equity securities:
Global equities:
Capital equipment	$	27.1	$	27.1	$	—	$	—
Consumer goods		16.5		16.5		—		—
Energy		12.3		12.3		—		—
Finance		10.1		10.1		—		—
Materials		17.2		17.2		—		—
Services		12.7		12.7		—		—
Miscellaneous		39.4		39.4		—		—
Global equity common trust funds⁽¹⁾		328.9		91.6		212.9		24.4
Debt securities:
Fixed income common trust funds⁽²⁾		331.9		64.0		266.5		1.4
Non-U.S. Government securities		36.0		—		36.0		—
Alternative investments:
Commingled global fund allocations⁽³⁾		231.9		96.7		5.3		129.9
Other:
Short term investments⁽⁴⁾		43.5		43.5		—		—
Other⁽⁵⁾		7.7		1.7		—		6.0

Total	$	1,115.2	$	432.8	$	520.7	$	161.7

The fair value of pension plan assets at December 31, 2010, by asset class, were as follows:

	Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)

Asset class:
Equity securities:
Global equities:
Capital equipment	$	34.2	$	34.2	$	—	$	—
Consumer goods		22.4		22.4		—		—
Energy		13.2		13.2		—		—
Finance		15.5		15.5		—		—
Materials		21.4		21.4		—		—
Services		19.1		19.1		—		—
Miscellaneous		40.9		40.9		—		—
Global equity common trust funds⁽¹⁾		335.3		86.5		248.8		—
Debt securities:
Fixed income common trust funds⁽²⁾		232.6		—		231.3		1.3
Non-U.S. Government securities		23.8		—		23.8		—
Alternative investments:
Commingled global fund allocations⁽³⁾		193.3		70.9		—		122.4
Other:
Short term investments⁽⁴⁾		133.1		133.1		—		—
Other⁽⁵⁾		10.5		1.1		1.2		8.2

Total	$	1,095.3	$	458.3	$	505.1	$	131.9

⁽¹⁾: This class represents investments in actively managed common trust funds that invest primarily in equity securities, which may include common stocks, options and futures. The funds are valued at the net asset value per share multiplied by the number of shares held as of the measurement date. The investments are valued based on market values and yields currently available for comparable securities of issuers with similar credit ratings. The Level of the fund(s) (Level 1, 2 or 3) is determined based on the classification of the significant holdings within the fund.
⁽²⁾: This class represents investments in actively managed common trust funds that invest in a variety of fixed income investments, which may include corporate bonds, both U.S. and non-U.S. municipal securities, interest rate swaps, options and futures. The funds are valued at the net asset value per share multiplied by the number of shares held as of the measurement date. The investments are valued based on yields currently available for comparable securities of issuers with similar credit ratings. The Level of the fund(s) (Level 1, 2 or 3) is determined based on the classification of the significant holdings within the fund.
⁽³⁾: This class represents investments in actively managed common trust funds with investments in both equity and debt securities. The investments may include common stock, corporate bonds, U.S. and non-U.S. municipal securities, interest rate swaps, options and futures. The funds are valued at the net asset value per share multiplied by the number of shares held as of the measurement date. The investments are valued based on market values and yields currently available for comparable securities of issuers with similar credit ratings. The Level of the fund(s) (Level 1, 2 or 3) is determined based on the classification of the significant holdings within the fund.
⁽⁴⁾: Short term investments are valued at $1.00/unit, which approximates fair value. Amounts are generally invested in actively managed common trust funds or interest bearing accounts.
⁽⁵⁾: This category represents investments in insurance contracts, private equity and publicly traded real estate investment trusts. The insurance contracts and private equity investments are valued using unobservable inputs from the fund manager, primarily based on discounted cash flows models.

Schedule of changes in the fair value of Level 3 assets

	Global Equity Common Trust Funds			Commingled global fund allocations			Fixed income common trust funds		Other			Total

Balance at December 31, 2009	$	—		$	103.7		$	1.2	$	9.0		$	113.9
Realized gains		—			—			—		0.5			0.5
Unrealized gains relating to instruments still held at period end		—			13.4			0.1		0.4			13.9
Purchases, sales, issuances and settlements, net		—			5.3			—		(1.7	)		3.6

Balance at December 31, 2010		—			122.4			1.3		8.2			131.9
Realized gains		—			0.7			—		0.6			1.3
Unrealized gains (losses) relating to instruments still held at period end		1.6			13.1			0.1		(0.9	)		13.9
Purchases		24.3			—			—		—			24.3
Sales		(1.5	)		(6.3	)		—		(1.9	)		(9.7	)

Balance at December 31, 2011	$	24.4		$	129.9		$	1.4	$	6.0		$	161.7

Schedule of estimated benefit payments

	Domestic Pension Benefits		Foreign Pension Benefits

2012	$	82.2	$	12.4
2013		83.6		13.0
2014		81.9		13.4
2015		142.1		14.0
2016		82.3		14.2
Subsequent five years		414.1		79.6

Schedule of funded status of the pension plans and amounts recognized in consolidated balance sheets

	Domestic Pension Plans						Foreign Pension Plans

	2011			2010			2011			2010
Change in projected benefit obligation:
Projected benefit obligation — beginning of year	$	1,148.3		$	1,091.7		$	254.5		$	267.8
Service cost		9.9			9.3			2.5			2.2
Interest cost		57.4			61.1			14.0			14.0
Employee contributions		—			—			0.2			0.1
Actuarial losses (gains)		53.0			63.9			9.6			(13.0	)
Curtailment gain		(0.1	)		—			(0.1	)		—
Acquisitions		1.0			—			16.1			—
Plan amendments		—			—			—			0.1
Benefits paid		(76.0	)		(77.7	)		(13.7	)		(11.8	)
Foreign exchange and other		—			—			(2.7	)		(4.9	)

Projected benefit obligation — end of year	$	1,193.5		$	1,148.3		$	280.4		$	254.5

Change in plan assets:
Fair value of plan assets — beginning of year	$	867.5		$	713.3		$	227.8		$	207.0
Return on plan assets		71.8			107.6			12.0			22.9
Benefits paid		(76.0	)		(77.7	)		(13.7	)		(11.8	)
Contributions (employer and employee)		4.2			124.3			10.9			12.7
Acquisitions		0.7			—			11.8			—
Foreign exchange and other		—			—			(1.8	)		(3.0	)

Fair value of plan assets — end of year	$	868.2		$	867.5		$	247.0		$	227.8

Funded status at year-end	$	(325.3	)	$	(280.8	)	$	(33.4	)	$	(26.7	)
Amounts recognized in the balance sheet consist of:
Other assets	$	—		$	—		$	23.7		$	22.3
Accrued expenses		(6.4	)		(4.2	)		(2.3	)		(2.2	)
Other long-term liabilities		(318.9	)		(276.6	)		(54.8	)		(46.8	)

Net amount recognized	$	(325.3	)	$	(280.8	)	$	(33.4	)	$	(26.7	)

Amounts recognized in accumulated other comprehensive loss (pre-tax) consist of:
Net actuarial loss	$	616.4		$	593.3		$	51.3		$	39.8
Net prior service costs (credits)		(0.7	)		(1.6	)		0.1			—

Total accumulated comprehensive loss (pre-tax)	$	615.7		$	591.7		$	51.4		$	39.8

Schedule of accumulated benefit obligations in excess of the fair value of plan assets

	Domestic Pension Plans				Foreign Pension Plans

	2011		2010		2011		2010
Projected benefit obligation	$	1,193.5	$	1,148.3	$	112.3	$	93.9
Accumulated benefit obligation		1,176.7		1,130.0		111.0		92.9
Fair value of plan assets		868.2		867.5		55.3		45.3

Schedule of other changes in plan assets and benefit obligations recognized in other comprehensive loss

	Domestic plans			Foreign plans

Current year actuarial loss	$	46.3		$	13.2
Amortization of actuarial loss		(23.2	)		(0.9	)
Amortization of prior service credits		0.9			—
Curtailment gain		0.1			0.1
Foreign exchange and other		—			(0.8	)

	$	24.1		$	11.6

Schedule of estimated amounts that will be amortized from accumulated other comprehensive loss into net periodic benefit expense in 2012

	Domestic plans			Foreign plans

Net actuarial loss	$	24.6		$	1.4
Net prior service credits		(0.4	)		—

	$	24.2		$	1.4

Schedule of assumptions used in accounting for pension plans

	Year Ended December 31,

	2011			2010			2009
Domestic Pension Plans
Weighted-average actuarial assumptions used in determining net periodic pension expense:
Discount rate		5.22	%		5.80	%		7.06	%
Rate of increase in compensation levels		4.00	%		4.00	%		4.25	%
Expected long-term rate of return on assets		7.25	%		8.25	%		8.50	%
Weighted-average actuarial assumptions used in determining year-end benefit obligations:
Discount rate		4.69	%		5.22	%		5.80	%
Rate of increase in compensation levels		3.75	%		4.00	%		4.00	%
Foreign Pension Plans
Weighted-average actuarial assumptions used in determining net periodic pension expense:
Discount rate		5.42	%		5.50	%		6.35	%
Rate of increase in compensation levels		4.15	%		4.10	%		4.00	%
Expected long-term rate of return on assets		7.00	%		7.04	%		7.62	%
Weighted-average actuarial assumptions used in determining year-end benefit obligations:
Discount rate		5.10	%		5.42	%		5.50	%
Rate of increase in compensation levels		3.92	%		4.15	%		4.10	%

Domestic Pension Plans

Employee Benefit Plans

Schedule of actual asset allocation percentages of each class of the entity's plan assets along with targeted asset investment allocation percentages

	Actual Allocations						Mid-point of Target Allocation Range

	2011			2010			2011
Global equities		16	%		19	%		17	%
Global equity common trust funds		27	%		26	%		33	%
Fixed income common trust funds		27	%		17	%		20	%
Commingled global fund allocations		25	%		22	%		30	%
Short term investments⁽¹⁾		4	%		15	%		—	%
Other⁽²⁾		1	%		1	%		—	%

Total		100	%		100	%		100	%

⁽¹⁾: Short term investments are generally invested in actively managed common trust funds or interest-bearing accounts.
⁽²⁾: Assets included in this class at December 31, 2011 and 2010 were comprised primarily of insurance contracts, private equity and publicly traded real estate trusts.

Schedule of net periodic benefit expense

	Year Ended December 31,

	2011			2010			2009
Service cost	$	9.9		$	9.3		$	8.0
Interest cost		57.4			61.1			66.2
Expected return on plan assets		(65.6	)		(68.4	)		(74.2	)
Amortization of unrecognized losses		23.2			36.4			22.0
Amortization of unrecognized prior service credits		(0.9	)		(0.9	)		(0.8	)
Curtailment/settlement loss		—			—			0.3

Total net periodic pension benefit expense		24.0			37.5			21.5
Less: Net periodic pension expense of discontinued operations		—			—			(0.3	)

Net periodic pension benefit expense of continuing operations	$	24.0		$	37.5		$	21.2

Foreign Pension Plans

Employee Benefit Plans

Schedule of actual asset allocation percentages of each class of the entity's plan assets along with targeted asset investment allocation percentages

	Actual Allocations						Mid-point of Target Allocation Range

	2011			2010			2011
Global equity common trust funds		38	%		50	%		44	%
Fixed income common trust funds		40	%		36	%		34	%
Non-U.S. Government securities		15	%		10	%		20	%
Short term investments⁽¹⁾		5	%		3	%		1	%
Other⁽²⁾		2	%		1	%		1	%

Total		100	%		100	%		100	%

⁽¹⁾: Short term investments are generally invested in actively managed common trust funds or interest-bearing accounts.
⁽²⁾: Assets included in this class were comprised primarily of insurance contracts.

Schedule of net periodic benefit expense

	Year Ended December 31,

	2011			2010			2009
Service cost	$	2.8		$	2.3		$	2.5
Interest cost		14.2			14.1			13.9
Expected return on plan assets		(16.2	)		(14.3	)		(13.2	)
Amortization of unrecognized losses		0.9			1.7			2.1
Amortization of unrecognized prior service credits		—			—			(0.1	)
Curtailment gain		(0.1	)		—			—

Total net periodic pension benefit expense		1.6			3.8			5.2
Less: Net periodic pension benefit expense of discontinued operations		(0.7	)		(0.3	)		(0.9	)

Net periodic pension benefit expense of continuing operations	$	0.9		$	3.5		$	4.3

Postretirement Plans

Employee Benefit Plans

Schedule of estimated future benefit payments and expected federal subsidies

	Postretirement Payments, net of Subsidies		Postretirement Subsidies

2012	$	16.0	$	1.8
2013		15.3		1.8
2014		14.6		1.8
2015		14.0		1.7
2016		13.3		1.6
Subsequent five years		55.4		7.1

Schedule of funded status of the pension plans and amounts recognized in consolidated balance sheets

	Postretirement Benefits

	2011			2010
Change in projected benefit obligation:
Projected benefit obligation — beginning of year	$	152.5		$	152.3
Service cost		0.4			0.3
Interest cost		7.0			8.0
Actuarial (gain) loss		(3.9	)		7.8
Benefits paid		(14.3	)		(15.9	)
Acquisitions		7.0			—

Projected benefit obligation — end of year	$	148.7		$	152.5

Funded status at year-end	$	(148.7	)	$	(152.5	)
Amounts recognized in the balance sheet consist of:
Accrued expenses	$	(15.7	)	$	(16.2	)
Other long-term liabilities		(133.0	)		(136.3	)

Net amount recognized	$	(148.7	)	$	(152.5	)

Amounts recognized in accumulated other comprehensive loss (pre-tax) consist of:
Net actuarial loss	$	44.9		$	53.3
Net prior service credit		(3.1	)		(4.5	)

Total accumulated comprehensive loss (pre-tax)	$	41.8		$	48.8

Schedule of net periodic benefit expense

	Year Ended December 31,

	2011			2010			2009
Service cost	$	0.4		$	0.3		$	0.2
Interest cost		7.0			8.0			9.9
Amortization of unrecognized loss		4.5			4.2			3.0
Amortization of unrecognized prior service credits		(1.4	)		(1.3	)		(1.4	)

Net periodic postretirement expense	$	10.5		$	11.2		$	11.7

Schedule of other changes in plan assets and benefit obligations recognized in other comprehensive loss


Current year actuarial gain	$	(3.9	)
Amortization of actuarial loss		(4.5	)
Amortization of prior service credits		1.4

	$	(7.0	)

Schedule of actuarial assumptions used in accounting for plans

	Year Ended December 31,

	2011			2010			2009
Assumed health care cost trend rates:
Heath care cost trend rate for next year		7.52	%		7.86	%		8.21	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)		5.00	%		5.00	%		5.00	%
Year that the rate reaches the ultimate trend rate		2019			2019			2019
Discount rate used in determining net periodic postretirement benefit expense		4.85	%		5.46	%		7.07	%
Discount rate used in determining net year-end postretirement benefit obligation		4.36	%		4.85	%		5.46	%

Schedule of effects of a percentage point change in assumed health care cost trend rates on postretirement expense

	1% Increase		1% Decrease

Effect on total of service and interest costs	$	0.4	$	(0.4	)
Effect on postretirement benefit obligation	$	9.4	$	(8.6	)

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Income Taxes

Schedule of income (loss) before income taxes and provision for income taxes

	Year Ended December 31,

	2011			2010			2009
Income from continuing operations:
United States	$	8.0		$	71.2		$	253.6
Foreign		161.2			152.5			44.3

	$	169.2		$	223.7		$	297.9

Provision for (benefit from) income taxes:
Current:
United States	$	20.7		$	(33.1	)	$	57.3
Foreign		29.3			17.2			13.7

Total current		50.0			(15.9	)		71.0

Deferred and other:
United States		(43.1	)		65.6			4.1
Foreign		7.4			(4.0	)		(1.4	)

Total deferred and other		(35.7	)		61.6			2.7

Total provision	$	14.3		$	45.7		$	73.7

Schedule of reconciliation of income tax computed at U.S. federal statutory tax rate to effective income tax rate

	Year Ended December 31,

	2011			2010			2009
Tax at U.S. federal statutory rate		35.0	%		35.0	%		35.0	%
State and local taxes, net of U.S. federal benefit		1.3			2.0			1.7
U.S. credits and exemptions		(8.7	)		(0.6	)		(1.5	)
Foreign earnings taxed at lower rates		(5.3	)		(10.8	)		(10.5	)
Audit settlements with taxing authorities		(0.4	)		(0.6	)		(0.9	)
Adjustments to uncertain tax positions		1.5			(3.6	)		1.4
Changes in valuation allowance		(18.4	)		(5.3	)		2.0
Benefit for loss on investment in foreign subsidiary		—			—			(1.5	)
Law change regarding deductibility of Medicare Part D expenses		—			2.8			—
Tax on repatriation of foreign earnings		4.1			1.6			—
Other		(0.6	)		(0.1	)		(1.0	)

		8.5	%		20.4	%		24.7	%

Schedule of significant components of deferred tax assets and liabilities

	As of December 31,

	2011			2010
Deferred tax assets:
Working capital accruals	$	37.8		$	39.7
Legal, environmental and self-insurance accruals		45.6			40.6
Pension, other postretirement and postemployment benefits		169.9			151.2
NOL and credit carryforwards		242.5			206.3
Payroll and compensation		46.1			48.6
Other		71.0			80.1

Total deferred tax assets		612.9			566.5
Valuation allowance		(124.5	)		(162.7	)

Net deferred tax assets		488.4			403.8

Deferred tax liabilities:
Accelerated depreciation		36.1			25.5
Basis difference in affiliates		40.5			38.6
Intangible assets recorded in acquisitions		344.5			213.9
Other		58.9			60.2

Total deferred tax liabilities		480.0			338.2

	$	8.4		$	65.6

Schedule of changes in the balance of unrecognized tax benefits

	2011			2010			2009

Unrecognized tax benefit — opening balance	$	95.5		$	120.9		$	102.9
Gross increases — tax positions in prior period		3.3			13.9			29.8
Gross decreases — tax positions in prior period		(11.4	)		(13.4	)		(3.2	)
Gross increases — tax positions in current period		10.9			8.7			11.2
Settlements		(0.9	)		(24.5	)		(5.8	)
Lapse of statute of limitations		(11.5	)		(8.3	)		(16.8	)
Change due to foreign currency exchange rates		(0.7	)		(1.8	)		2.8

Unrecognized tax benefit — ending balance	$	85.2		$	95.5		$	120.9

- Definition

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

+ References+ Details

Indebtedness (Tables)

12 Months Ended

Dec. 31, 2011

Indebtedness

Schedule of debt activity (both current and non-current)

	December 31, 2010		Borrowings		Repayments			Other(5)			December 31, 2011

Domestic revolving loan facility	$	—	$	1,050.0	$	(1,050.0	)	$	—		$	—
Foreign revolving loan facility		—		31.1		—			(0.2	)		30.9
Term loan 1⁽¹⁾		—		300.0		—			—			300.0
Term loan 2⁽¹⁾		—		500.0		—			—			500.0
6.875% senior notes		600.0		—		—			—			600.0
7.625% senior notes		500.0		—		—			—			500.0
7.50% senior notes⁽²⁾		28.2		—		(28.2	)		—			—
6.25% senior notes⁽³⁾		21.3		—		(21.3	)		—			—
Trade receivables financing arrangement		—		118.0		(118.0	)		—			—
Other indebtedness⁽⁴⁾		48.1		5.6		(2.8	)		19.3			70.2

Total debt		1,197.6	$	2,004.7	$	(1,220.3	)	$	19.1			2,001.1

Less: short-term debt		36.3										71.3
Less: current maturities of long-term debt		50.8										4.2

Total long-term debt	$	1,110.5									$	1,925.6

⁽¹⁾: On December 22, 2011, we drew down our delayed draw incremental term loans in the amounts of $300.0 and $500.0 (collectively the "Term Loans"). These funds were used for the acquisition of Clyde Union, which was consummated substantially contemporaneously with the borrowings.
⁽²⁾: These notes were redeemed in full in January 2011.
⁽³⁾: These notes were redeemed in full in June 2011.
⁽⁴⁾: Includes balances under a purchase card program of $40.4 and $36.1 at December 31, 2011 and 2010, respectively.
⁽⁵⁾: "Other" includes debt assumed, including $14.5 from the Clyde Union acquisition, and foreign currency translation on any debt instruments denominated in currencies other than the U.S. dollar.

Schedule of fees charged and the interest rate margins applicable to Eurodollar and alternate base rate loans

Consolidated Leverage Ratio

Greater than or equal to 3.00 to 1.0	0.40	%	0.40	%	2.00	%	0.40	%	1.25	%	2.00	%	1.00	%	2.25	%	1.25	%
Between 2.00 to 1.0 and 3.00 to 1.0	0.35	%	0.35	%	1.875	%	0.35	%	1.125	%	1.875	%	0.875	%	2.125	%	1.125	%
Between 1.50 to 1.0 and 2.00 to 1.0	0.30	%	0.30	%	1.75	%	0.30	%	1.00	%	1.75	%	0.75	%	2.00	%	1.00	%
Between 1.00 to 1.0 and 1.50 to 1.0	0.275	%	0.275	%	1.50	%	0.275	%	0.875	%	1.50	%	0.50	%	1.75	%	0.75	%
Less than 1.00 to 1.0	0.25	%	0.25	%	1.25	%	0.25	%	0.75	%	1.25	%	0.25	%	1.50	%	0.50	%

Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2011

Financial Instruments

Summary of fair value of derivative instruments and the balance sheet classification

	December 31, 2011				December 31, 2010

	Balance Sheet Classification	Fair Value			Balance Sheet Classification	Fair Value
Derivative contracts designated as hedging instruments:
Commodity contracts	Other current assets	$	—		Other current assets	$	1.0

FX forward contracts	Accrued expenses	$	(0.4	)	Accrued expenses	$	(2.9	)
Commodity contracts	Accrued expenses		(0.8	)	—		—

		$	(1.2	)		$	(2.9	)

Derivative contracts not designated as hedging instruments:
FX forward contracts	Other current assets	$	—		Other current assets	$	0.5
FX embedded derivatives	Other current assets		1.2		Other current assets		2.6

		$	1.2			$	3.1

FX forward contracts	Accrued expenses	$	(0.4	)	Accrued expenses	$	(1.4	)
FX embedded derivatives	Accrued expenses		(0.3	)	Accrued expenses		(1.8	)
FX embedded derivatives	Other long-term liabilities		(14.8	)	Other long-term liabilities		(33.2	)

		$	(15.5	)		$	(36.4	)

Schedule of effect on AOCI and the Statements of Operations of derivative financial instruments in cash flow hedging relationships

	Amount of gain (loss) recognized in AOCI, pre-tax(1)										Amount of gain (loss) reclassified from AOCI to income, pre-tax(1)

	Amount of gain (loss) recognized in AOCI, pre-tax(1)									Classification of gain (loss) reclassified from AOCI
	2011			2010			2009			Classification of gain (loss) reclassified from AOCI	2011			2010			2009
Swaps	$	—		$	(9.3	)	$	(6.6	)	Interest Expense	$	—		$	(12.7	)	$	(20.4	)
										Loss on early extinguishment of interest rate protection agreements and term loan		—			(24.3	)		—
FX Forward contracts		(0.2	)		(4.9	)		(1.8	)	Cost of products sold		(0.8	)		—			—
FX embedded derivatives		—			2.3			(4.6	)	Cost of products sold		—			1.8			—
Commodity contracts		(1.8	)		1.0			4.0		Cost of products sold		0.6			0.7			(6.2	)

	$	(2.0	)	$	(10.9	)	$	(9.0	)		$	(0.2	)	$	(34.5	)	$	(26.6	)

⁽¹⁾: For the years ended December 31, 2011, 2010 and 2009, gains (losses) of $0.3, $1.1, and ($0.2), respectively, were recognized in "Other expense, net" relating to derivative ineffectiveness and amounts excluded from effectiveness testing.

Schedule of the effect on the Statement of Operations of derivative financial instruments not designated in cash flow hedging relationships

		Amount of gain (loss) recognized in income

	Classification of gain (loss) recognized in income	Amount of gain (loss) recognized in income
	Classification of gain (loss) recognized in income	2011			2010			2009
FX forward contracts	Other expense, net	$	(38.5	)	$	5.0		$	5.6
FX embedded derivatives⁽¹⁾	Other expense, net		1.2			(23.4	)		(13.1	)

		$	(37.3	)	$	(18.4	)	$	(7.5	)

⁽¹⁾: Includes $4.6 of losses reclassified from AOCI during the year ended December 31, 2010 resulting from the discontinuance of cash flow hedge accounting as the forecasted transactions were determined to no longer be probable.

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References+ Details

Commitments, Contingent Liabilities and Other Matters (Tables)

12 Months Ended

Dec. 31, 2011

Commitments, Contingent Liabilities and Other Matters

Schedule of future minimum rental payments under operating leases with remaining non-cancelable terms in excess of one year

Year Ending December 31,

2012	$	39.6
2013		30.0
2014		23.3
2015		15.1
2016		12.0
Thereafter		42.6

Total minimum payments	$	162.6

Schedule of future minimum lease payments under capital lease obligations

Year Ending December 31,

2012	$	6.9
2013		6.4
2014		3.7
2015		3.2
2016		3.2
Thereafter		9.8

Total minimum payments		33.2
Less: interest		(7.2	)

Capital lease obligation		26.0
Less: current maturities		(4.2	)

Long-term portion		21.8

Schedule of assets held through capital leases agreements


Machinery and equipment	$	9.4
Buildings		23.9
Other		3.7

Total		37.0
Less: accumulated depreciation		(9.7	)

Net book value	$	27.3

Shareholders' Equity and Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2011

Shareholders' Equity and Stock-Based Compensation

Computations of the components used for the calculation of basic and diluted earnings per share

	Year Ended December 31,

	2011		2010			2009
Numerator:
Income from continuing operations	$	154.9	$	178.0		$	224.2
Less: Net income (loss) attributable to noncontrolling interests		5.0		(2.8	)		1.8

Income from continuing operations attributable to SPX Corporation common shareholders for calculating basic and diluted earnings per share	$	149.9	$	180.8		$	222.4

Income (loss) from discontinued operations	$	30.7	$	24.8		$	(208.0	)
Less: Net loss attributable to noncontrolling interest		—		—			(17.3	)

Income (loss) from discontinued operations attributable to SPX Corporation common shareholders for calculating basic and diluted earnings per share	$	30.7	$	24.8		$	(190.7	)

Denominator:
Weighted-average number of common shares used in basic earnings per share		50.499		49.718			49.363
Dilutive Securities — Employee stock options and restricted stock units		0.447		0.629			0.434

Weighted-average number of common shares and dilutive securities used in diluted earnings per share		50.946		50.347			49.797

Schedule of components of the balance sheet caption, accumulated other comprehensive loss

	December 31, 2011			December 31, 2010

Foreign currency translation adjustment	$	199.7		$	223.2
Net unrealized losses on qualifying cash flow hedges, net of tax benefit of $2.9 and $2.2, respectively		(4.4	)		(3.3	)
Net unrealized gains (losses) on available-for-sale securities,		(1.5	)		6.1
Pension and postretirement liability adjustment and other, net of tax benefit of $274.3 and $266.6, respectively⁽¹⁾		(440.3	)		(418.6	)

Accumulated other comprehensive loss	$	(246.5	)	$	(192.6	)

⁽¹⁾: As of December 31, 2011 and 2010, included $3.8 and $3.2, respectively, related to our share of the pension liability adjustment for EGS.

Summary of common shares issued, treasury shares and shares outstanding



Balance at December 31, 2008	96.523	(45.395	)	51.128
Stock options exercised	0.154	—		0.154
Share repurchases	—	(2.625	)	(2.625	)
Restricted stock and restricted stock units	0.260	0.104		0.364
Other	0.347	—		0.347

Balance at December 31, 2009	97.284	(47.916	)	49.368
Stock options exercised	0.238	—		0.238
Restricted stock and restricted stock units	0.278	0.142		0.420
Other	0.268	—		0.268

Balance at December 31, 2010	98.068	(47.774	)	50.294
Stock options exercised	0.154	—		0.154
Restricted stock and restricted stock units	0.209	0.145		0.354
Other	0.271	—		0.271

Balance at December 31, 2011	98.702	(47.629	)	51.073

Schedule of assumptions in determining the fair value of restricted stock awards granted



March 1, 2011:
SPX Corporation	61.0	%	1.27	%	1.03	%	0.7559
S&P 500 Composite Index	30.3	%	n/a		1.03	%
March 1, 2010:
SPX Corporation	62.0	%	1.64	%	1.20	%	0.7250
S&P 500 Composite Index	30.8	%	n/a		1.20	%

Schedule of restricted stock and restricted stock unit activity

			Weighted-average Grant-Date Fair Value per share

Outstanding at December 31, 2008	1.251		$	58.01
Granted	0.667			33.42
Vested	(0.429	)		41.75
Forfeited	(0.054	)		54.61

Outstanding at December 31, 2009	1.435			51.75
Granted	0.738			48.91
Vested	(0.626	)		50.46
Forfeited	(0.031	)		47.82

Outstanding at December 31, 2010	1.516			50.97
Granted	0.836			62.72
Vested	(0.636	)		51.47
Forfeited	(0.276	)		67.21

Outstanding at December 31, 2011	1.440			54.38

Schedule of stock option activity

			Weighted- Average Exercise Price

Options outstanding and exercisable at December 31, 2008	1.308		$	64.89
Exercised	(0.154	)		39.69
Terminated	(0.273	)		94.80

Options outstanding and exercisable at December 31, 2009	0.881			59.86
Exercised	(0.238	)		48.21
Terminated	(0.008	)		90.23

Options outstanding and exercisable at December 31, 2010	0.635			63.82
Exercised	(0.154	)		65.44
Terminated	(0.117	)		89.10

Options outstanding and exercisable at December 31, 2011	0.364			54.87

Fair Value (Tables)

12 Months Ended

Dec. 31, 2011

Fair Value

Schedule of assets and liabilities measured at fair value on a recurring basis

	Fair Value Measurements Using

	Level 1		Level 2		Level 3
Current assets — FX embedded derivatives and FX forward contracts	$	—	$	1.2	$	—
Current assets — Investment in equity securities and available-for-sale securities		5.2		—		7.8
Current liabilities — FX forward contracts, FX embedded derivatives, and commodity contracts		—		1.9		—
Long-term liabilities — FX embedded derivatives		—		14.8		—

	Fair Value Measurements Using

	Level 1		Level 2		Level 3
Current assets — FX embedded derivatives, FX forward contracts and commodity contracts	$	—	$	4.1	$	—
Current assets — Investment in equity securities and available-for-sale securities		12.8		—		8.5
Current liabilities — FX forward contracts and FX embedded derivatives		—		6.1		—
Long-term liabilities — FX embedded derivatives		—		33.2		—

Schedule of reconciliation of investments in equity securities measured at fair value on a recurring basis using significant unobservable inputs (Level 3)

	Reconciliation of Equity Securities using Significant Unobservable Inputs (Level 3)

Balance at December 31, 2009	$	—
Purchases		9.8
Losses included in income from discontinued operations		(1.3	)

Balance at December 31, 2010		8.5
Losses included in income from discontinued operations		(0.7	)

Balance at December 31, 2011	$	7.8

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income, and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issuances, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References+ Details

Quarterly Results (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2011

Quarterly Results (Unaudited)

Schedule of quarterly results

	First(3)					Second					Third				Fourth(3)

	2011		2010			2011		2010			2011		2010		2011		2010
Operating revenues	$	984.9	$	913.4		$	1,136.8	$	989.9		$	1,166.0	$	1,094.7	$	1,263.7	$	1,115.9
Gross profit		292.8		270.8			314.4		301.1			323.6		327.7		347.0		334.7
Income from continuing operations⁽¹⁾		20.7		14.0			25.0		64.6			50.8		35.0		58.4		64.4
Income (loss) from discontinued operations, net of tax⁽¹⁾⁽²⁾		4.1		7.3			10.0		13.4			11.5		4.7		5.1		(0.6	)

Net income		24.8		21.3			35.0		78.0			62.3		39.7		63.5		63.8
Less: Net income (loss) attributable to noncontrolling interests		1.7		(0.8	)		0.7		(0.8	)		1.6		0.3		1.0		(1.5	)

Net income attributable to SPX Corporation common shareholders	$	23.1	$	22.1		$	34.3	$	78.8		$	60.7	$	39.4	$	62.5	$	65.3

Basic earnings (loss) per share of common stock:
Continuing operations	$	0.38	$	0.30		$	0.48	$	1.32		$	0.97	$	0.70	$	1.14	$	1.32
Discontinued operations, net of tax		0.08		0.15			0.20		0.27			0.23		0.09		0.10		(0.01	)

Net income	$	0.46	$	0.45		$	0.68	$	1.59		$	1.20	$	0.79	$	1.24	$	1.31

Diluted earnings (loss) per share of common stock:
Continuing operations	$	0.37	$	0.29		$	0.47	$	1.30		$	0.97	$	0.69	$	1.13	$	1.30
Discontinued operations, net of tax		0.08		0.15			0.20		0.27			0.23		0.09		0.10		(0.01	)

Net income	$	0.45	$	0.44		$	0.67	$	1.57		$	1.20	$	0.78	$	1.23	$	1.29

Note: The sum of the quarters' earnings per share may not equal the full year per share amounts.

⁽¹⁾

During the first quarter of 2011, we recorded an insurance recovery of $6.3 within Industrial Products and Services related to a product liability matter.

During the second and fourth quarters of 2011, we recorded impairment charges of $24.7 and $3.6, respectively, related to the goodwill and indefinite-lived intangible assets of SPX Heat Transfer Inc.

During the second quarter of 2011, we recorded an income tax benefit of $2.5 associated with the conclusion of a Canadian appeals process.

Incentive compensation expense for the fourth quarter of 2011 was $13.3 lower than the related figure for the fourth quarter of 2010.

⁽²⁾

During the first quarter of 2010, we completed the sale of PSD for cash consideration of $3.0, resulting in a gain, net of taxes, of $3.6 during the quarter.

⁽³⁾

Summary of Significant Accounting Policies (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011 M businessunit	Dec. 31, 2010	Dec. 31, 2009
Foreign Currency Translation
Foreign currency transaction gains and losses	$ 41.4	$ 27.5	$ 21.2
Cash Equivalents
Maximum term of original maturity to classify instruments as cash equivalents (in months)	3
Revenue Recognition
Number of business units in which sales incentive programs are significant	1
Costs and estimated earnings on uncompleted contracts
Costs incurred on uncompleted contracts	2,783.5	2,394.7
Estimated earnings to date	750.6	662.9
Aggregate costs incurred on uncompleted contracts and estimated earnings to date	3,534.1	3,057.6
Less: Billings to date	(3,514.4)	(3,203.4)
Net costs and estimated earnings in excess of billings (billings in excess of costs and estimated earnings)	19.7	(145.8)
Net costs and estimated earnings in excess of billings assumed in the acquisition of Clyde Union (Holdings) S.A.R.L. ("Clyde Union")	57.2
"Net costs and estimated earnings in excess of billings after the acquisition of Clyde Union (Holdings) S.A.R.L. (""Clyde Union"")"	76.9	(145.8)
Billings in excess of costs and estimated earnings
Costs and estimated earnings in excess of billings	355.9	228.1
Billings in excess of costs and estimated earnings on uncompleted contracts	(279.0)	(373.9)
Net costs and estimated earnings in excess of billings (billings in excess of costs and estimated earnings)	76.9	(145.8)
Costs and estimated earnings in excess of billings on contracts reported as a component of accounts receivable, net	355.9	226.3
Costs and estimated earnings in excess of billings on contracts reported as a component of other long-term assets	0	1.8
Billings in excess of costs and estimated earnings on uncompleted contracts reported as a component of accrued expenses	275.4	364.5
Billings in excess of costs and estimated earnings on uncompleted contracts reported as a component of other long-term liabilities	3.6	9.4
Research and Development Costs
Research and development expense	53.0	47.2	42.4
Property, plant and equipment
Depreciation expense	64.3	62.4	60.1
Interest capitalized	$ 1.3	$ 3.9
Building
Property, plant and equipment
Useful lives of property, plant and equipment, high end of range (in years)	40
Machinery and equipment
Property, plant and equipment
Useful lives of property, plant and equipment, low end of range (in years)	3
Useful lives of property, plant and equipment, high end of range (in years)	15

Summary of Significant Accounting Policies (Details 3) (USD $) In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Summary of Significant Accounting Policies
Costs and estimated earnings in excess of billings	$ 355.9	$ 228.1
Billings in excess of costs and estimated earnings on uncompleted contracts	279.0	373.9
Net costs and estimated earnings in excess of billings (billings in excess of costs and estimated earnings)	$ (76.9)	$ 145.8

- Definition

Liability attributable to (i) billings in excess of costs under the percentage of completion contract accounting method representing the difference between contractually invoiced amounts (billings) and revenue recognized based, for example, on costs incurred to estimated total costs at period end or (ii) contractually invoiced amounts (billings) in excess of costs incurred and accumulated under the completed contract accounting method.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 45

-Paragraph 5

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 45

-Paragraph 12

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

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-Name Accounting Standards Codification

-Topic 605

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+ Details

- Definition

Total amount included in cost of uncompleted contracts in excess of related billings, or unbilled accounts receivable.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 45

-Paragraph 12

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Accounting Research Bulletin (ARB)

-Number 43

-Chapter 11

-Section A

-Paragraph 4, 21

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-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 3

-Subparagraph c(2), c(3), c(4)

-Article 5

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+ Details

Use Of Estimates (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Accrued Expenses
Employee benefits	$ 181.8	$ 189.1
Unearned revenue	484.2	481.9
Warranty	46.6	38.9	37.5
Other	269.4	275.1
Total	982.0	985.0
Analysis of product warranty accrual
Balance at beginning of period	47.7	49.2	47.9
Acquisitions	7.7	1.7	3.6
Provisions	21.7	20.5	20.9
Usage	(20.4)	(23.7)	(23.2)
Balance at end of period	56.7	47.7	49.2
Less: Current portion of warranty	46.6	38.9	37.5
Non-current portion of warranty	10.1	8.8	11.7
Allowance for Doubtful Accounts
Accounts Receivable Allowances
Balance at beginning of year	45.6	45.9	48.8
Acquisitions	1.2	1.1	0.2
Allowances provided	17.9	18.9	11.6
Write-offs, net of recoveries and credits issued	(22.2)	(20.3)	(14.7)
Balance at end of year	$ 42.5	$ 45.6	$ 45.9

Acquisitions, Discontinued Operations and Other Dispositions (Details) In Millions, except Per Share data, unless otherwise specified	12 Months Ended								0 Months Ended	12 Months Ended				1 Months Ended		1 Months Ended		1 Months Ended								1 Months Ended			12 Months Ended		1 Months Ended	12 Months Ended	1 Months Ended		12 Months Ended
	Dec. 31, 2011 USD ($) Y	Dec. 31, 2010 USD ($)	Dec. 31, 2009 USD ($)	Feb. 28, 2011 B.W. Murdoch Ltd. ("Murdoch") USD ($)	Jun. 30, 2010 Anhydro business ("Anhydro") USD ($)	Mar. 31, 2010 Torque Tension Systems Ltd. ("TTS") USD ($)	Jan. 31, 2010 Gerstenberg Schroder A/S ("Gerstenberg") USD ($)	Dec. 31, 2009 Yuba Heat Transfer, LLC (Yuba) USD ($)	Dec. 31, 2011 Clyde Union USD ($)	Dec. 31, 2011 Clyde Union USD ($)	Dec. 31, 2011 Clyde Union GBP (£)	Dec. 31, 2010 Clyde Union USD ($)	Dec. 22, 2011 Clyde Union USD ($)	Dec. 31, 2011 Clyde Union Customer lists Y	Dec. 22, 2011 Clyde Union Customer lists USD ($)	Dec. 31, 2011 Clyde Union Customer relationships Y	Dec. 22, 2011 Clyde Union Customer relationships USD ($)	Dec. 31, 2011 Clyde Union Technology Y	Dec. 22, 2011 Clyde Union Technology USD ($)	Dec. 31, 2011 Clyde Union Trademarks USD ($)	Dec. 22, 2011 Clyde Union Trademarks USD ($)	Dec. 22, 2011 Clyde Union Minimum USD ($)	Dec. 31, 2011 Clyde Union Maximum USD ($)	Dec. 22, 2011 Clyde Union Maximum USD ($)	Dec. 22, 2011 Clyde Union Maximum GBP (£)	Mar. 31, 2011 Flow Technology reportable segment B.W. Murdoch Ltd. ("Murdoch") USD ($)	Jul. 31, 2010 Flow Technology reportable segment Anhydro business ("Anhydro") USD ($)	Feb. 28, 2010 Flow Technology reportable segment Gerstenberg Schroder A/S ("Gerstenberg") USD ($)	Dec. 31, 2011 Flow Technology reportable segment Clyde Union GBP (£)	Dec. 22, 2011 Flow Technology reportable segment Clyde Union GBP (£)	Oct. 31, 2011 Flow Technology reportable segment e&e Verfahrenstechnik GmbH (e&e) EUR (€)	Oct. 31, 2011 Flow Technology reportable segment e&e Verfahrenstechnik GmbH (e&e) EUR (€)	Apr. 30, 2010 Industrial Products and Services Torque Tension Systems Ltd. ("TTS") USD ($)	Dec. 31, 2009 Thermal Equipment and Services reportable segment Yuba Heat Transfer, LLC (Yuba) USD ($)	Dec. 31, 2010 Thermal Equipment and Services reportable segment Yuba Heat Transfer, LLC (Yuba) USD ($)
Acquisitions
Maximum measurement period from the date of acquisition (in years)	1
Initial payment																														£ 500.0
Debt assumed and other adjustments																														11.0
Potential earn-out payment equal to number of times of Group EBITDA																													10
Deduction from Group EBITDA x 10																													475.0
Cash acquired in business acquisition													44.3														10.9	3.5			3.8	3.8	2.4
Working capital settlement																																			1.4
Revenues of the acquired business for the prior twelve months				13.0	71.0	9.0	57.0	129.0																								15.3
Purchase price of the business acquired	747.5	114.8	131.4																							8.1	59.1	30.9			11.7		15.7	127.8
Debt assumed in business acquisition																												3.9
Earn-out payment																						0			250.0						3.5	3.5
Contribution by the sellers of acquired entity to the acquired business at the time of sale											25.0
Estimated fair value of the contingent consideration (earn-out payment) at acquisition date																								1.0
Estimated fair value of the contingent consideration (earn-out payment) at reporting date																							1.0
Assets acquired:
Current assets, including cash and equivalents of $44.3													353.8
Property, plant and equipment													67.3
Goodwill													314.8
Intangible assets													385.4
Other assets													28.5
Total assets acquired													1,149.8
Liabilities assumed:
Current liabilities													222.0
Other long-term liabilities													159.0
Total liabilities assumed													381.0
Noncontrolling interest													1.8
Net assets acquired													767.0
Identifiable indefinite-lived intangible assets acquired																				76.8	76.8
Identifiable finite-lived intangible assets acquired															14.7		234.3		59.6
Weighted average useful life (in years)														1.5		24.0		23.0
Gross receivables acquired													191.9
Fair value of gross receivables acquired													190.7
Revenues recognized between the acquisition date and the reporting date									13.6
Net loss recognized between the acquisition date and the reporting date									(0.4)
Acquisition related costs incurred										5.6
Estimated additional amortization and depreciation expense as a result of intangibles and fixed assets acquired										5.5		10.6
Elimination of interest expense related to the portion of long-term debt paid-off at the time of acquisition										17.8		11.1
Addition of interest expense related to term loans drawn in order to finance acquisition										19.0		20.3
Elimination of rent expense associated with a facility leased										2.1		2.0
Elimination of charges incurred associated with the foreign currency protection agreements to hedge the purchase price										34.6
Elimination of transaction fees associated with the acquisition										7.4
Elimination of transaction fees incurred in connection with the acquisition										5.6
Elimination of transaction fees incurred by the acquiree in connection with the acquisition										1.8
Reduction in bonding costs due to more favorable rates under senior credit facilities										5.9		5.5
Pro forma information
Revenues										4,985.6		4,517.3
Income from continuing operations attributable to SPX Corporation common shareholders										157.8		195.3
Net income attributable to SPX Corporation common shareholders										$ 188.5		$ 220.1
Income from continuing operations:
Basic (in dollars per share)										$ 3.12		$ 3.93
Diluted (in dollars per share)										$ 3.10		$ 3.88
Net income attributable to SPX Corporation common shareholders:
Basic (in dollars per share)										$ 3.73		$ 4.43
Diluted (in dollars per share)										$ 3.70		$ 4.37

Acquisitions, Discontinued Operations and Other Dispositions (Details 2)	3 Months Ended								12 Months Ended									3 Months Ended	12 Months Ended		1 Months Ended	12 Months Ended								1 Months Ended	6 Months Ended	12 Months Ended
	Dec. 31, 2011 USD ($)	Oct. 01, 2011 USD ($)	Jul. 02, 2011 USD ($)	Apr. 02, 2011 USD ($)	Dec. 31, 2010 USD ($)	Oct. 02, 2010 USD ($)	Jul. 03, 2010 USD ($)	Apr. 03, 2010 USD ($)	Dec. 31, 2011 USD ($) M	Dec. 31, 2010 USD ($)	Dec. 31, 2009 USD ($)	Dec. 31, 2011 January 18, 2012 CNY	Dec. 31, 2011 December 31, 2012 CNY	Dec. 31, 2011 Joint venture CNY	Dec. 31, 2011 Cooling Spain Packaging business ("Cooling Spain") USD ($)	Dec. 31, 2010 Cooling Spain Packaging business ("Cooling Spain") USD ($)	Dec. 31, 2010 Cooling Spain Packaging business ("Cooling Spain") EUR (€)	Apr. 03, 2010 P.S.D., Inc. ("PSD") USD ($)	Dec. 31, 2010 P.S.D., Inc. ("PSD") USD ($)	Dec. 31, 2009 P.S.D., Inc. ("PSD") USD ($)	Oct. 31, 2009 Automotive Filtration Solutions business (Filtran) USD ($)	Dec. 31, 2011 Automotive Filtration Solutions business (Filtran) USD ($)	Dec. 31, 2010 Automotive Filtration Solutions business (Filtran) USD ($)	Dec. 31, 2009 Automotive Filtration Solutions business (Filtran) USD ($)	Dec. 31, 2008 Automotive Filtration Solutions business (Filtran) USD ($)	Dec. 31, 2011 Dezurik USD ($)	Dec. 31, 2010 Dezurik USD ($)	Dec. 31, 2009 Dezurik USD ($)	Dec. 31, 2008 Dezurik USD ($)	Jan. 31, 2012 Service Solutions business Sale USD ($)	Dec. 31, 2012 Service Solutions business Sale USD ($)	Dec. 31, 2011 Other businesses sold prior to the earliest date presented in the financial statements USD ($)	Dec. 31, 2010 Other businesses sold prior to the earliest date presented in the financial statements USD ($)	Dec. 31, 2009 Other businesses sold prior to the earliest date presented in the financial statements USD ($)
Acquisitions, Discontinued Operations and Other Dispositions
Classification as discontinued operations, probable sale within time period (in months)									12
Sale of discontinued operations
Cash consideration received in sale of discontinued operation																	€ 1	$ 3,000,000			$ 10,000,000							$ 18,800,000		$ 1,150,000,000
Cash transferred with the business in sale of discontinued operation																2,300,000
Gain (loss) on disposition of discontinued operations, net of tax									(300,000)	(11,700,000)	26,400,000					1,900,000			(3,600,000)			100,000	(1,300,000)		6,500,000			1,600,000			(450,000,000)
Sale of ownership interest after acquisition of minority interest percentage																						100.00%
Impairment charges									8,200,000	6,800,000	9,300,000									7,300,000					23,000,000				(6,000,000)
Dispositions, approximate consideration received												51,500,000	25,800,000	96,700,000							15,000,000							23,500,000
Dispositions, consideration received, promissory note																					5,000,000							4,700,000
Adjustment to gain (loss) on sale of discontinued operations, net of tax																								16,500,000
Additional impairment charges																								7,700,000
Adjustment to gain (loss) on sale of discontinued operations, net of tax															100,000											(200,000)	(100,000)					700,000	1,500,000	6,700,000
Recognition of income tax benefits to discontinuing operations																							7,300,000
Interest acquired in joint venture (as a percent)														45.00%
Revenues	1,263,700,000	1,166,000,000	1,136,800,000	984,900,000	1,115,900,000	1,094,700,000	989,900,000	913,400,000	4,551,400,000	4,113,900,000	4,175,100,000
Operating profit									285,900,000	320,500,000	374,500,000
Income (loss) from discontinued operations and related income taxes
Income (loss) from discontinued operations									47,500,000	19,800,000	(255,500,000)
Income tax (expense) benefit									(16,800,000)	5,000,000	47,500,000
Income (loss) from discontinued operations, net of tax	5,100,000	11,500,000	10,000,000	4,100,000	(600,000)	4,700,000	13,400,000	7,300,000	30,700,000	24,800,000	(208,000,000)
Impairment charges associated with goodwill and certain intangible assets of the Service Solutions business											188,700,000
Results of operations for businesses reported as discontinued operations
Revenues									910,500,000	778,800,000	760,800,000
Pre-tax income (loss)									50,500,000	20,500,000	(206,500,000)
Assets:
Accounts receivable, net	191,800,000				194,700,000				191,800,000	194,700,000
Inventories	127,700,000				108,900,000				127,700,000	108,900,000
Other current assets	9,300,000				8,800,000				9,300,000	8,800,000
Property, plant and equipment, net	48,700,000				50,600,000				48,700,000	50,600,000
Goodwill and intangibles, net	283,900,000				257,200,000				283,900,000	257,200,000
Other assets	58,700,000				66,100,000				58,700,000	66,100,000
Assets of discontinued operations	720,100,000				686,300,000				720,100,000	686,300,000
Liabilities:
Accounts payable	109,300,000				105,200,000				109,300,000	105,200,000
Accrued expenses	109,400,000				95,100,000				109,400,000	95,100,000
Income taxes payable	1,500,000								1,500,000
Deferred and other income taxes	6,600,000				3,000,000				6,600,000	3,000,000
Other liabilities	7,600,000				6,800,000				7,600,000	6,800,000
Liabilities of discontinued operations	$ 234,400,000				$ 210,100,000				$ 234,400,000	$ 210,100,000

Information on Reportable Segments and Other Operating Segments (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2011	Oct. 01, 2011	Jul. 02, 2011	Apr. 02, 2011	Dec. 31, 2010	Oct. 02, 2010	Jul. 03, 2010	Apr. 03, 2010	Dec. 31, 2011 business segment	Dec. 31, 2010	Dec. 31, 2009
Business segment
Number of remaining reportable segments									2
Number of businesses which are no longer reported within the former Test and Measurement Reportable Segment									2
Revenues:
Revenues	$ 1,263.7	$ 1,166.0	$ 1,136.8	$ 984.9	$ 1,115.9	$ 1,094.7	$ 989.9	$ 913.4	$ 4,551.4	$ 4,113.9	$ 4,175.1
Income:
Total income for reportable and other operating segments									520.0	533.4	580.9
Corporate and other expenses
Corporate expense									105.9	98.4	87.1
Pension and postretirement expense									35.4	52.2	37.2
Stock-based compensation expense									39.2	29.9	26.5
Special Charges, Net									25.3	30.7	49.5
Impairment of goodwill and other intangible assets									28.3	1.7	6.1
Operating income									285.9	320.5	374.5
Capital expenditures:
Capital expenditures									147.2	71.0	86.4
Depreciation and amortization:
Depreciation and amortization									87.8	81.9	75.3
Identifiable assets:
Identifiable assets	7,391.8				5,993.3				7,391.8	5,993.3	5,725.0
Tangible Long-Lived Assets:
Total tangible long-lived assets	1,466.5				1,210.7				1,466.5	1,210.7	989.1
United States
Revenues:
Revenues									2,237.7	2,024.1	2,102.3
Germany
Revenues:
Revenues									387.6	413.4	587.6
China
Revenues:
Revenues									277.5	362.9	272.3
South Africa
Revenues:
Revenues									281.4	241.5	138.1
United Kingdom
Revenues:
Revenues									239.7	219.1	229.5
Other foreign countries
Revenues:
Revenues									1,127.5	852.9	845.3
EGS Electrical Group, LLC and subsidiaries ("EGS")
Business segment
Percentage of interest held in joint venture	44.50%								44.50%
Depreciation and amortization:
Depreciation and amortization									10.3	9.6	8.8
Continuing operations
Tangible Long-Lived Assets:
Total tangible long-lived assets	1,359.1				1,094.0				1,359.1	1,094.0	892.6
Continuing operations \| United States
Tangible Long-Lived Assets:
Total tangible long-lived assets	1,075.1				854.8				1,075.1	854.8	687.9
Continuing operations \| Other foreign countries
Tangible Long-Lived Assets:
Total tangible long-lived assets	284.0				239.2				284.0	239.2	204.7
Discontinued operations
Identifiable assets:
Identifiable assets	720.1				686.3				720.1	686.3	657.2
Tangible Long-Lived Assets:
Total tangible long-lived assets	107.4				116.7				107.4	116.7	96.5
Flow Technology reportable segment
Revenues:
Revenues									2,042.0	1,662.2	1,634.1
Income:
Total income for reportable and other operating segments									268.4	215.6	210.9
Corporate and other expenses
Special Charges, Net									10.5	11.7	24.7
Capital expenditures:
Capital expenditures									59.6	23.2	17.6
Depreciation and amortization:
Depreciation and amortization									41.1	36.5	34.0
Identifiable assets:
Identifiable assets	3,359.9				2,098.0				3,359.9	2,098.0	1,988.3
Thermal Equipment and Services reportable segment
Business segment
Percentage of interest in South African subsidiary held by noncontrolling interest shareholder	25.10%								25.10%
Revenues:
Revenues									1,644.2	1,602.1	1,595.5
Income:
Total income for reportable and other operating segments									141.9	193.7	171.8
Corporate and other expenses
Special Charges, Net									2.9	16.2	13.9
Capital expenditures:
Capital expenditures									12.4	13.1	22.0
Depreciation and amortization:
Depreciation and amortization									24.0	24.2	21.0
Identifiable assets:
Identifiable assets	1,825.2				1,809.1				1,825.2	1,809.1	1,789.5
Industrial Products and Services
Revenues:
Revenues									865.2	849.6	945.5
Income:
Total income for reportable and other operating segments									109.7	124.1	198.2
Corporate and other expenses
Special Charges, Net									4.3	0.5	3.9
Capital expenditures:
Capital expenditures									60.1	14.4	11.8
Depreciation and amortization:
Depreciation and amortization									15.7	15.4	14.7
Identifiable assets:
Identifiable assets	781.1				670.7				781.1	670.7	714.0
General corporate
Capital expenditures:
Capital expenditures									15.1	20.3	35.0
Depreciation and amortization:
Depreciation and amortization									7.0	5.8	5.6
Identifiable assets:
Identifiable assets	$ 705.5				$ 729.2				$ 705.5	$ 729.2	$ 576.0
Minimum
Business segment
Number of countries in which entity operates	35								35
Maximum \| Revenue \| Revenue by Customer
Business segment
Threshold percentage of revenue accounted for by a single customer	10.00%								10.00%

Special Charges, Net (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011 Y	Dec. 31, 2010	Dec. 31, 2009
Special charges, net
Period for selling an asset (in years)	1
Period for settling liabilities (in years)	1
Restructuring charges
Employee Termination Costs	$ 11.5	$ 18.4	$ 29.1
Facility Consolidation Costs	5.5	4.0	5.6
Other Cash Costs	0.1	1.5	5.5
Non-Cash Asset Write-downs	8.2	6.8	9.3
Special charges, net	25.3	30.7	49.5
Expected charges still to be incurred	1.0
Restructuring and integration liabilities
Beginning balance	17.6	19.5	30.1
Special charges	17.1	23.9	40.8
Utilization - cash	(23.4)	(19.9)	(50.2)
Currency translation adjustment and other	(0.3)	(5.9)	(1.2)
Ending balance	11.0	17.6	19.5
Non-Cash special charges	8.2	6.8	8.7
Flow Technology reportable segment
Restructuring charges
Employee Termination Costs	6.4	6.1	16.1
Facility Consolidation Costs	4.1	3.0	4.1
Other Cash Costs		0.5	2.7
Non-Cash Asset Write-downs		2.1	1.8
Special charges, net	10.5	11.7	24.7
Number of employees terminated resulting from restructuring activities	133	152	636
Asset impairment and facility exit charges		2.1
Flow Technology reportable segment \| Australia
Restructuring charges
Number of facilities with lease exit costs		1
Flow Technology reportable segment \| New Zealand
Restructuring charges
Number of facilities with lease exit costs		2
Thermal Equipment and Services reportable segment
Restructuring charges
Employee Termination Costs	2.2	11.9	8.7
Facility Consolidation Costs	0.7
Other Cash Costs		0.3	(0.3)
Non-Cash Asset Write-downs		4.0	5.5
Special charges, net	2.9	16.2	13.9
Number of employees terminated resulting from restructuring activities	58	269	294
Asset impairment and facility exit charges		4.0	5.2
Number of facilities with asset impairment charges			2
Thermal Equipment and Services reportable segment \| Germany
Restructuring charges
Number of facilities with lease exit costs	2
Industrial Products and Services
Restructuring charges
Employee Termination Costs	2.6	0.4	3.7
Facility Consolidation Costs		0.1
Other Cash Costs			0.1
Non-Cash Asset Write-downs	1.7		0.1
Special charges, net	4.3	0.5	3.9
Number of employees terminated resulting from restructuring activities	112	81	355
Asset impairment and facility exit charges	1.7
Corporate
Restructuring charges
Employee Termination Costs	0.3		0.6
Facility Consolidation Costs	0.7	0.9	1.5
Other Cash Costs	0.1	0.7	3.0
Non-Cash Asset Write-downs	6.5	0.7	1.9
Special charges, net	7.6	2.3	7.0
Asset impairment and facility exit charges	$ 6.5	$ 1.1

Inventories (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Inventories
Finished goods	$ 163.9	$ 125.1
Work in process	179.5	104.4
Raw material and purchased parts	271.5	248.3
Total FIFO cost	614.9	477.8
Excess of FIFO cost over LIFO inventory value	(23.0)	(22.4)
Total inventories	591.9	455.4
Domestic inventories, valued using the last-in, first-out ("LIFO") method, as a percentage of total inventory	15.00%	14.00%
Progress payments, which are netted against work in process	3.7	5.9
Amount of operating income increased	$ 1.2	$ 4.0

Goodwill and Other Intangible Assets (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended		3 Months Ended		12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011 SPX Heat Transfer Inc.	Jul. 02, 2011 SPX Heat Transfer Inc.	Dec. 31, 2011 SPX Heat Transfer Inc.	Dec. 31, 2011 Flow Technology reportable segment	Dec. 31, 2010 Flow Technology reportable segment	Dec. 31, 2011 Thermal Equipment and Services reportable segment	Dec. 31, 2010 Thermal Equipment and Services reportable segment	Dec. 31, 2011 Industrial Products and Services	Dec. 31, 2010 Industrial Products and Services
Changes in the carrying amount of goodwill
Gross goodwill, beginning of the period	$ 1,756.8	$ 1,744.9				$ 702.7	$ 652.2	$ 602.6	$ 622.6	$ 451.5	$ 470.1
Accumulated impairment, balance at the beginning of the period	(273.9)	(299.9)						(114.1)	(114.1)	(159.8)	(185.8)
Goodwill, balance at the beginning of the period	1,482.9	1,445.0				702.7	652.2	488.5	508.5	291.7	284.3
Goodwill resulting from business combinations	324.8	61.1				324.8	53.8				7.3
Impairments	(20.8)		(3.6)	(17.2)	(20.8)			(20.8)
Gross goodwill, end of the period	2,068.3	1,756.8				1,019.9	702.7	597.8	602.6	450.6	451.5
Accumulated impairment, balance at the end of the period	(294.6)	(273.9)						(134.9)	(114.1)	(159.7)	(159.8)
Goodwill, balance at the end of the period	1,773.7	1,482.9		3.6		1,019.9	702.7	462.9	488.5	290.9	291.7
Gross goodwill related to foreign currency translation and other	(13.3)	(49.2)				(7.6)	(3.3)	(4.8)	(20.0)	(0.9)	(25.9)
Accumulated impairments related to foreign currency translation and other	0.1	26.0								0.1	26.0
Goodwill related to foreign currency translation and other	(13.2)	(23.2)				(7.6)	(3.3)	(4.8)	(20.0)	(0.8)	0.1
Adjustments resulting from recent acquisitions not consummated during the period	(3.8)	(5.8)
Foreign currency translation adjustments	$ (9.4)	$ (17.4)

Goodwill and Other Intangible Assets (Details 2) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2011 Thermal Equipment and Services reportable segment	Dec. 31, 2010 Thermal Equipment and Services reportable segment	Dec. 31, 2011 Industrial Products and Services	Dec. 31, 2011 Trademarks	Dec. 31, 2010 Trademarks	Dec. 31, 2011 Trademarks Clyde Union Holdings, SARL	Dec. 22, 2011 Trademarks Clyde Union Holdings, SARL	Dec. 31, 2011 Patents	Dec. 31, 2010 Patents	Dec. 31, 2011 Technology	Dec. 31, 2010 Technology	Dec. 31, 2011 Technology Clyde Union Holdings, SARL	Dec. 31, 2011 Customer relationships	Dec. 31, 2010 Customer relationships	Dec. 31, 2011 Customer relationships Clyde Union Holdings, SARL	Dec. 31, 2011 Other	Dec. 31, 2010 Other	Dec. 31, 2011 Customer lists Clyde Union Holdings, SARL
Intangible assets with determinable lives
Gross carrying value of finite-lived intangible assets	$ 629.8	$ 322.3									$ 8.5	$ 13.9	$ 182.2	$ 115.4		$ 400.4	$ 165.2		$ 38.7	$ 27.8
Accumulated Amortization	(93.8)	(77.9)									(7.6)	(12.6)	(30.5)	(22.9)		(44.7)	(33.3)		(11.0)	(9.1)
Net carrying value of finite-lived intangible assets	536.0	244.4		57.9		10.9					0.9	1.3	151.7	92.5		355.7	131.9		27.7	18.7
Intangible assets with indefinite lives
Trademarks							436.4	369.6
Total intangible assets
Gross Carrying Value	1,066.2	691.9
Net Carrying Value	972.4	614.0
Impairment charges				7.5	1.7	0.8
Identifiable finite-lived intangible assets acquired									76.8	76.8					59.6			234.3			14.7
Amortization expense	23.3	20.7	14.3
Estimated annual amortization expense related to intangible assets
Estimated annual amortization expense in 2012	46.1
Estimated annual amortization expense in 2013	37.4
Estimated annual amortization expense in 2014	33.6
Estimated annual amortization expense in 2015	32.7
Estimated annual amortization expense in 2016	$ 31.8

Goodwill and Other Intangible Assets (Details 3) (USD $) In Millions, unless otherwise specified	3 Months Ended		12 Months Ended			3 Months Ended		12 Months Ended										12 Months Ended
	Dec. 31, 2011	Jul. 02, 2011	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2011 SPX Heat Transfer Inc.	Jul. 02, 2011 SPX Heat Transfer Inc.	Dec. 31, 2011 SPX Heat Transfer Inc.	Dec. 31, 2011 Flow Technology reportable segment	Dec. 31, 2010 Flow Technology reportable segment	Dec. 31, 2009 Flow Technology reportable segment	Dec. 31, 2011 Thermal Equipment and Services reportable segment	Dec. 31, 2010 Thermal Equipment and Services reportable segment	Dec. 31, 2009 Thermal Equipment and Services reportable segment	Dec. 31, 2011 Industrial Products and Services	Dec. 31, 2009 Industrial Products and Services	Dec. 31, 2010 Industrial Products and Services	Dec. 31, 2011 Cooling
Intangible assets with determinable lives and indefinite lives
Net carrying value of intangible assets with determinable lives	$ 536.0		$ 536.0	$ 244.4					$ 467.2			$ 57.9			$ 10.9
Net carrying value of trademarks with indefinite lives									282.3			130.2			23.9
Asset impairment charges			8.2	6.8	9.3		24.7			2.1	1.8		4.0	5.5	1.7	0.1
Goodwill Impairments			20.8			3.6	17.2	20.8				20.8
Impairment charges	3.6	24.7	28.3	1.7	6.1		24.7	28.3
Indefinite-lived intangible assets impairment loss							7.5							6.1
Goodwill	1,773.7		1,773.7	1,482.9	1,445.0		3.6		1,019.9	702.7	652.2	462.9	488.5	508.5	290.9	284.3	291.7	380.8
Indefinite-lived intangible assets						$ 22.6		$ 22.6
Excess of estimated fair value over carrying value of respective net assets of other reporting units (in percent)									10.00%			10.00%			10.00%			5.00%

Investment in Joint Venture (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended						3 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2011 EGS Electrical Group, LLC and subsidiaries ("EGS") M	Dec. 31, 2010 EGS Electrical Group, LLC and subsidiaries ("EGS")	Dec. 31, 2009 EGS Electrical Group, LLC and subsidiaries ("EGS")	Jul. 03, 2010 EGS Electrical Group, LLC and subsidiaries ("EGS") Nutsteel Industria Metalurgica Ltda
Investment in joint venture under equity method investment
Percentage of interest held in joint venture				44.50%
Lag in including results in consolidated statements (in months)				3
Net sales				$ 495.3	$ 445.4	$ 429.4
Gross profit				201.5	189.2	182.3
Net income				63.7	62.7	62.5
Capital expenditures				16.7	11.9	11.8
Depreciation and amortization	87.8	81.9	75.3	10.3	9.6	8.8
Dividends received				29.4	30.3	30.7
Undistributed earnings attributable to SPX Corporation				4.6	5.5	6.8
SPX's equity earnings in EGS	28.4	30.2	29.4	28.7	28.8	28.0
Carrying value of investment				68.9	69.3
Difference between investment in joint venture and proportionate share of joint venture's net assets				85.1
Business acquisitions, net of cash paid	747.5	114.8	131.4				35.4
Contribution made by the entity to the joint venture to acquire new business							15.8
Condensed balance sheet information of EGS
Current assets				179.7	170.2
Non-current assets				342.5	337.5
Current liabilities				128.0	114.2
Non-current liabilities				$ 30.1	$ 29.0

Employee Benefit Plans (Details)	12 Months Ended
Employee Benefit Plans (Details)	Dec. 31, 2011	Dec. 31, 2010
Domestic Pension Plans
Actual Allocations
Global equities (as a percent)	16.00%	19.00%
Global equity common trust funds (as a percent)	27.00%	26.00%
Fixed income common trust funds (as a percent)	27.00%	17.00%
Commingled global fund allocations (as a percent)	25.00%	22.00%
Short term investments (as a percent)	4.00%	15.00%
Other (as a percent)	1.00%	1.00%
Total (as a percent)	100.00%	100.00%
Mid-point of Target Allocation Range
Global equities (as a percent)	17.00%
Global equity common trust funds (as a percent)	33.00%
Fixed income common trust funds (as a percent)	20.00%
Commingled global fund allocations (as a percent)	30.00%
Total (as a percent)	100.00%
Foreign Pension Plans
Actual Allocations
Global equity common trust funds (as a percent)	38.00%	50.00%
Fixed income common trust funds (as a percent)	40.00%	36.00%
Non-U.S. Government securities (as a percent)	15.00%	10.00%
Short term investments (as a percent)	5.00%	3.00%
Other (as a percent)	2.00%	1.00%
Total (as a percent)	100.00%	100.00%
Mid-point of Target Allocation Range
Global equity common trust funds (as a percent)	44.00%
Fixed income common trust funds (as a percent)	34.00%
Non-U.S. Government securities (as a percent)	20.00%
Short term investments (as a percent)	1.00%
Other (as a percent)	1.00%
Total (as a percent)	100.00%

Employee Benefit Plans (Details 2) (USD $)	12 Months Ended
Employee Benefit Plans (Details 2) (USD $)	Dec. 31, 2011	Dec. 31, 2011 Pension plans	Dec. 31, 2010 Pension plans	Dec. 31, 2011 Pension plans Global equity securities: Capital equipment	Dec. 31, 2010 Pension plans Global equity securities: Capital equipment	Dec. 31, 2011 Pension plans Global equity securities: Consumer goods	Dec. 31, 2010 Pension plans Global equity securities: Consumer goods	Dec. 31, 2011 Pension plans Global equity securities: Energy	Dec. 31, 2010 Pension plans Global equity securities: Energy	Dec. 31, 2011 Pension plans Global equity securities: Finance	Dec. 31, 2010 Pension plans Global equity securities: Finance	Dec. 31, 2011 Pension plans Global equity securities: Materials	Dec. 31, 2010 Pension plans Global equity securities: Materials	Dec. 31, 2011 Pension plans Global equity securities: Services	Dec. 31, 2010 Pension plans Global equity securities: Services	Dec. 31, 2011 Pension plans Global equity securities: Miscellaneous	Dec. 31, 2010 Pension plans Global equity securities: Miscellaneous	Dec. 31, 2011 Pension plans Global equity common trust funds	Dec. 31, 2010 Pension plans Global equity common trust funds	Dec. 31, 2011 Pension plans Debt securities: Fixed income common trust funds	Dec. 31, 2010 Pension plans Debt securities: Fixed income common trust funds	Dec. 31, 2011 Pension plans Debt securities: Non-U.S. Government securities	Dec. 31, 2010 Pension plans Debt securities: Non-U.S. Government securities	Dec. 31, 2011 Pension plans Alternative investments: Commingled global fund allocations	Dec. 31, 2010 Pension plans Alternative investments: Commingled global fund allocations	Dec. 31, 2011 Pension plans Other: Short term investments	Dec. 31, 2010 Pension plans Other: Short term investments	Dec. 31, 2011 Pension plans Other:	Dec. 31, 2010 Pension plans Other:	Dec. 31, 2011 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans	Dec. 31, 2010 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans	Dec. 31, 2011 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Global equity securities: Capital equipment	Dec. 31, 2010 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Global equity securities: Capital equipment	Dec. 31, 2011 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Global equity securities: Consumer goods	Dec. 31, 2010 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Global equity securities: Consumer goods	Dec. 31, 2011 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Global equity securities: Energy	Dec. 31, 2010 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Global equity securities: Energy	Dec. 31, 2011 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Global equity securities: Finance	Dec. 31, 2010 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Global equity securities: Finance	Dec. 31, 2011 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Global equity securities: Materials	Dec. 31, 2010 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Global equity securities: Materials	Dec. 31, 2011 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Global equity securities: Services	Dec. 31, 2010 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Global equity securities: Services	Dec. 31, 2011 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Global equity securities: Miscellaneous	Dec. 31, 2010 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Global equity securities: Miscellaneous	Dec. 31, 2011 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Global equity common trust funds	Dec. 31, 2010 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Global equity common trust funds	Dec. 31, 2011 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Debt securities: Fixed income common trust funds	Dec. 31, 2011 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Alternative investments: Commingled global fund allocations	Dec. 31, 2010 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Alternative investments: Commingled global fund allocations	Dec. 31, 2011 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Other: Short term investments	Dec. 31, 2010 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Other: Short term investments	Dec. 31, 2011 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Other:	Dec. 31, 2010 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Other:	Dec. 31, 2011 Significant Observable Inputs (Level 2) Securities collateralized	Dec. 31, 2010 Significant Observable Inputs (Level 2) Securities collateralized	Dec. 31, 2011 Significant Observable Inputs (Level 2) Pension plans	Dec. 31, 2010 Significant Observable Inputs (Level 2) Pension plans	Dec. 31, 2011 Significant Observable Inputs (Level 2) Pension plans Global equity common trust funds	Dec. 31, 2010 Significant Observable Inputs (Level 2) Pension plans Global equity common trust funds	Dec. 31, 2011 Significant Observable Inputs (Level 2) Pension plans Debt securities: Fixed income common trust funds	Dec. 31, 2010 Significant Observable Inputs (Level 2) Pension plans Debt securities: Fixed income common trust funds	Dec. 31, 2011 Significant Observable Inputs (Level 2) Pension plans Debt securities: Non-U.S. Government securities	Dec. 31, 2010 Significant Observable Inputs (Level 2) Pension plans Debt securities: Non-U.S. Government securities	Dec. 31, 2011 Significant Observable Inputs (Level 2) Pension plans Alternative investments: Commingled global fund allocations	Dec. 31, 2010 Significant Observable Inputs (Level 2) Pension plans Other:	Dec. 31, 2011 Significant Unobservable Inputs (Level 3)	Dec. 31, 2010 Significant Unobservable Inputs (Level 3)	Dec. 31, 2009 Significant Unobservable Inputs (Level 3)	Dec. 31, 2011 Significant Unobservable Inputs (Level 3) Debt securities: Fixed income common trust funds	Dec. 31, 2010 Significant Unobservable Inputs (Level 3) Debt securities: Fixed income common trust funds	Dec. 31, 2009 Significant Unobservable Inputs (Level 3) Debt securities: Fixed income common trust funds	Dec. 31, 2011 Significant Unobservable Inputs (Level 3) Alternative investments: Commingled global fund allocations	Dec. 31, 2010 Significant Unobservable Inputs (Level 3) Alternative investments: Commingled global fund allocations	Dec. 31, 2009 Significant Unobservable Inputs (Level 3) Alternative investments: Commingled global fund allocations	Dec. 31, 2011 Significant Unobservable Inputs (Level 3) Other:	Dec. 31, 2010 Significant Unobservable Inputs (Level 3) Other:	Dec. 31, 2009 Significant Unobservable Inputs (Level 3) Other:	Dec. 31, 2011 Significant Unobservable Inputs (Level 3) Pension plans	Dec. 31, 2010 Significant Unobservable Inputs (Level 3) Pension plans	Dec. 31, 2011 Significant Unobservable Inputs (Level 3) Pension plans Global equity common trust funds	Dec. 31, 2011 Significant Unobservable Inputs (Level 3) Pension plans Debt securities: Fixed income common trust funds	Dec. 31, 2010 Significant Unobservable Inputs (Level 3) Pension plans Debt securities: Fixed income common trust funds	Dec. 31, 2009 Significant Unobservable Inputs (Level 3) Pension plans Debt securities: Fixed income common trust funds	Dec. 31, 2011 Significant Unobservable Inputs (Level 3) Pension plans Alternative investments: Commingled global fund allocations	Dec. 31, 2010 Significant Unobservable Inputs (Level 3) Pension plans Alternative investments: Commingled global fund allocations	Dec. 31, 2011 Significant Unobservable Inputs (Level 3) Pension plans Other:	Dec. 31, 2010 Significant Unobservable Inputs (Level 3) Pension plans Other:
Employee Benefit Plans
Fair value of plan assets		$ 1,115,200,000	$ 1,095,300,000	$ 27,100,000	$ 34,200,000	$ 16,500,000	$ 22,400,000	$ 12,300,000	$ 13,200,000	$ 10,100,000	$ 15,500,000	$ 17,200,000	$ 21,400,000	$ 12,700,000	$ 19,100,000	$ 39,400,000	$ 40,900,000	$ 328,900,000	$ 335,300,000	$ 331,900,000	$ 232,600,000	$ 36,000,000	$ 23,800,000	$ 231,900,000	$ 193,300,000	$ 43,500,000	$ 133,100,000	$ 7,700,000	$ 10,500,000	$ 432,800,000	$ 458,300,000	$ 27,100,000	$ 34,200,000	$ 16,500,000	$ 22,400,000	$ 12,300,000	$ 13,200,000	$ 10,100,000	$ 15,500,000	$ 17,200,000	$ 21,400,000	$ 12,700,000	$ 19,100,000	$ 39,400,000	$ 40,900,000	$ 91,600,000	$ 86,500,000	$ 64,000,000	$ 96,700,000	$ 70,900,000	$ 43,500,000	$ 133,100,000	$ 1,700,000	$ 1,100,000	$ 47,400,000	$ 48,600,000	$ 520,700,000	$ 505,100,000	$ 212,900,000	$ 248,800,000	$ 266,500,000	$ 231,300,000	$ 36,000,000	$ 23,800,000	$ 5,300,000	$ 1,200,000	$ 161,700,000	$ 131,900,000	$ 113,900,000	$ 1,400,000	$ 1,300,000	$ 1,200,000	$ 129,900,000	$ 122,400,000	$ 103,700,000	$ 6,000,000	$ 8,200,000	$ 9,000,000	$ 161,700,000	$ 131,900,000	$ 24,400,000	$ 1,400,000	$ 1,300,000	$ 1,200,000	$ 129,900,000	$ 122,400,000	$ 6,000,000	$ 8,200,000
Value of Short term investments (in dollars per unit)	$ 1.00

- Definition

Assets, usually stocks, bonds, and other investments, that have been segregated and restricted (usually in a trust) to provide benefits, at their fair value as of the measurement date. Plan assets include amounts contributed by the employer (and by employees for a contributory plan) and amounts earned from investing the contributions, less benefits paid. If a plan has liabilities other than for benefits, those non-benefit obligations may be considered as reductions of plan assets.

+ References+ Details

Employee Benefit Plans (Details 3) (Significant Unobservable Inputs (Level 3), USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Changes in the fair value of Level 3 assets
Fair value of plan assets - beginning of year	$ 131.9	$ 113.9
Realized gains	1.3	0.5
Unrealized gains (losses) relating to instruments still held at period end	13.9	13.9
Purchases, sales, issuances and settlements, net		3.6
Purchases	24.3
Sales	(9.7)
Fair value of plan assets - end of year	161.7	131.9
Global equity common trust funds
Changes in the fair value of Level 3 assets
Unrealized gains (losses) relating to instruments still held at period end	1.6
Purchases	24.3
Sales	(1.5)
Commingled global fund allocations
Changes in the fair value of Level 3 assets
Fair value of plan assets - beginning of year	122.4	103.7
Realized gains	0.7
Unrealized gains (losses) relating to instruments still held at period end	13.1	13.4
Purchases, sales, issuances and settlements, net		5.3
Sales	(6.3)
Fair value of plan assets - end of year	129.9	122.4
Debt securities: Fixed income common trust funds
Changes in the fair value of Level 3 assets
Fair value of plan assets - beginning of year	1.3	1.2
Unrealized gains (losses) relating to instruments still held at period end	0.1	0.1
Fair value of plan assets - end of year	1.4	1.3
Other
Changes in the fair value of Level 3 assets
Fair value of plan assets - beginning of year	8.2	9.0
Realized gains	0.6	0.5
Unrealized gains (losses) relating to instruments still held at period end	(0.9)	0.4
Purchases, sales, issuances and settlements, net		(1.7)
Sales	(1.9)
Fair value of plan assets - end of year	$ 6.0	$ 8.2

- Definition

+ References+ Details

Employee Benefit Plans (Details 4) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011
Employee Benefit Plans
Direct benefit, net of federal subsidies paid to unfunded plan	$ 2.3
United States Pension Plans, Defined Benefit
Estimated benefit payments, net of subsidies:
2012	82.2
2013	83.6
2014	81.9
2015	142.1
2016	82.3
Subsequent five years	414.1
Qualified pension plans
Employee Benefit Plans
Expected contributions in 2012	46.8
Non-qualified pension plans
Employee Benefit Plans
Contributions made	4.2
Expected contributions in 2012	6.6
Foreign Pension Plans
Employee Benefit Plans
Contributions made	8.4
Expected contributions in 2012	8.2
Expected direct benefit payments in next fiscal year	2.3
Estimated benefit payments, net of subsidies:
2012	12.4
2013	13.0
2014	13.4
2015	14.0
2016	14.2
Subsequent five years	79.6
Foreign Pension Plans \| Discontinued operations
Employee Benefit Plans
Contributions made	1.8
Expected contributions in 2012	1.7
Postretirement Plans
Employee Benefit Plans
Direct benefit, net of federal subsidies paid to unfunded plan	14.3
Amount of federal subsidies	1.6
Estimated benefit payments, net of subsidies:
2012	16.0
2013	15.3
2014	14.6
2015	14.0
2016	13.3
Subsequent five years	55.4
Postretirement Subsidies
2012	1.8
2013	1.8
2014	1.8
2015	1.7
2016	1.6
Subsequent five years	$ 7.1

Employee Benefit Plans (Details 5) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Pension plans
Employee Benefit Plans
Non-funded plan, current underfunded status	$ 166.3
Change in plan assets:
Fair value of plan assets - end of year	1,115.2	1,095.3
Domestic Pension Plans
Change in projected benefit obligation:
Projected benefit obligation - beginning of year	1,148.3	1,091.7
Service cost	9.9	9.3	8.0
Interest cost	57.4	61.1	66.2
Actuarial losses (gains)	53.0	63.9
Curtailment gain	(0.1)
Acquisitions	1.0
Benefits paid	(76.0)	(77.7)
Projected benefit obligation - end of year	1,193.5	1,148.3	1,091.7
Change in plan assets:
Fair value of plan assets - beginning of year	867.5	713.3
Return on plan assets	71.8	107.6
Benefits paid	(76.0)	(77.7)
Contributions (employer and employee)	4.2	124.3
Acquisitions	0.7
Fair value of plan assets - end of year	868.2	867.5	713.3
Funded status at year-end	(325.3)	(280.8)
Amounts recognized in the balance sheet consist of:
Accrued expenses	(6.4)	(4.2)
Other long-term liabilities	(318.9)	(276.6)
Net amount recognized	(325.3)	(280.8)
Amounts recognized in accumulated other comprehensive loss (pre-tax) consist of:
Net actuarial loss	616.4	593.3
Net prior service costs (credits)	(0.7)	(1.6)
Total accumulated comprehensive loss (pre-tax)	615.7	591.7
Foreign Pension Plans
Change in projected benefit obligation:
Projected benefit obligation - beginning of year	254.5	267.8
Service cost	2.5	2.2
Interest cost	14.0	14.0
Employee contributions	0.2	0.1
Actuarial losses (gains)	9.6	(13.0)
Curtailment gain	(0.1)
Acquisitions	16.1
Plan amendments		0.1
Benefits paid	(13.7)	(11.8)
Foreign exchange and other	(2.7)	(4.9)
Projected benefit obligation - end of year	280.4	254.5
Change in plan assets:
Fair value of plan assets - beginning of year	227.8	207.0
Return on plan assets	12.0	22.9
Benefits paid	(13.7)	(11.8)
Contributions (employer and employee)	10.9	12.7
Acquisitions	11.8
Foreign exchange and other	(1.8)	(3.0)
Fair value of plan assets - end of year	247.0	227.8
Funded status at year-end	(33.4)	(26.7)
Amounts recognized in the balance sheet consist of:
Other assets	23.7	22.3
Accrued expenses	(2.3)	(2.2)
Other long-term liabilities	(54.8)	(46.8)
Net amount recognized	(33.4)	(26.7)
Amounts recognized in accumulated other comprehensive loss (pre-tax) consist of:
Net actuarial loss	51.3	39.8
Net prior service costs (credits)	0.1
Total accumulated comprehensive loss (pre-tax)	51.4	39.8
Postretirement Plans
Change in projected benefit obligation:
Projected benefit obligation - beginning of year	152.5	152.3
Service cost	0.4	0.3	0.2
Interest cost	7.0	8.0	9.9
Actuarial losses (gains)	(3.9)	7.8
Acquisitions	7.0
Benefits paid	(14.3)	(15.9)
Projected benefit obligation - end of year	148.7	152.5	152.3
Change in plan assets:
Benefits paid	(14.3)	(15.9)
Funded status at year-end	(148.7)	(152.5)
Amounts recognized in the balance sheet consist of:
Accrued expenses	(15.7)	(16.2)
Other long-term liabilities	(133.0)	(136.3)
Net amount recognized	(148.7)	(152.5)
Amounts recognized in accumulated other comprehensive loss (pre-tax) consist of:
Net actuarial loss	44.9	53.3
Net prior service costs (credits)	(3.1)	(4.5)
Total accumulated comprehensive loss (pre-tax)	$ 41.8	$ 48.8

Employee Benefit Plans (Details 6) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Net periodic pension/postretirement benefit expense
Total net periodic pension/postretirement benefit expense	$ 35.4	$ 52.2	$ 37.2
Domestic Pension Plans
Accumulated benefit obligations in excess of the fair value of plan assets
Projected benefit obligation	1,193.5	1,148.3
Accumulated benefit obligation	1,176.7	1,130.0
Fair value of plan assets	868.2	867.5
Accumulated benefit obligation	1,176.7	1,130.0
Amount of reduction to pension expense	(20.0)
Net periodic pension/postretirement benefit expense
Service cost	9.9	9.3	8.0
Interest cost	57.4	61.1	66.2
Expected return on plan assets	(65.6)	(68.4)	(74.2)
Amortization of unrecognized losses	23.2	36.4	22.0
Amortization of unrecognized prior service credits	(0.9)	(0.9)	(0.8)
Curtailment/settlement loss			0.3
Total net periodic pension/postretirement benefit expense	24.0	37.5	21.5
Other changes in plan assets and benefit obligations recognized in other comprehensive loss
Current year actuarial loss (gain)	46.3
Amortization of actuarial loss	(23.2)
Amortization of prior service credits	0.9
Curtailment gain	0.1
Total other changes in plan assets and benefit obligations recognized in other comprehensive loss	24.1
Estimated amounts that will be amortized from accumulated other comprehensive loss into net periodic benefit expense in 2012
Net actuarial loss	24.6
Net prior service credits	(0.4)
Aggregate estimated amounts that will be amortized from accumulated other comprehensive loss into net periodic benefit expense	24.2
Weighted-average actuarial assumptions used in determining net periodic pension expense:
Discount rate (as a percent)	5.22%	5.80%	7.06%
Rate of increase in compensation levels (as a percent)	4.00%	4.00%	4.25%
Expected long-term rate of return on assets (as a percent)	7.25%	8.25%	8.50%
Weighted-average actuarial assumptions used in determining year-end benefit obligations:
Discount rate (as a percent)	4.69%	5.22%	5.80%
Rate of increase in compensation levels (as a percent)	3.75%	4.00%	4.00%
Domestic Pension Plans \| Continuing operations
Net periodic pension/postretirement benefit expense
Total net periodic pension/postretirement benefit expense	24.0	37.5	21.2
Domestic Pension Plans \| Discontinued operations
Net periodic pension/postretirement benefit expense
Total net periodic pension/postretirement benefit expense			(0.3)
Foreign Pension Plans
Accumulated benefit obligations in excess of the fair value of plan assets
Projected benefit obligation	112.3	93.9
Accumulated benefit obligation	111.0	92.9
Fair value of plan assets	55.3	45.3
Accumulated benefit obligation	275.3	251.5
Net periodic pension/postretirement benefit expense
Service cost	2.5	2.2
Service cost	2.8	2.3	2.5
Interest cost	14.0	14.0
Interest cost	14.2	14.1	13.9
Expected return on plan assets	(16.2)	(14.3)	(13.2)
Amortization of unrecognized losses	0.9	1.7	2.1
Amortization of unrecognized prior service credits			(0.1)
Curtailment gain	(0.1)
Total net periodic pension/postretirement benefit expense	1.6	3.8	5.2
Other changes in plan assets and benefit obligations recognized in other comprehensive loss
Current year actuarial loss (gain)	13.2
Amortization of actuarial loss	(0.9)
Curtailment gain	0.1
Foreign exchange and other	(0.8)
Total other changes in plan assets and benefit obligations recognized in other comprehensive loss	11.6
Estimated amounts that will be amortized from accumulated other comprehensive loss into net periodic benefit expense in 2012
Net actuarial loss	1.4
Aggregate estimated amounts that will be amortized from accumulated other comprehensive loss into net periodic benefit expense	1.4
Weighted-average actuarial assumptions used in determining net periodic pension expense:
Discount rate (as a percent)	5.42%	5.50%	6.35%
Rate of increase in compensation levels (as a percent)	4.15%	4.10%	4.00%
Expected long-term rate of return on assets (as a percent)	7.00%	7.04%	7.62%
Weighted-average actuarial assumptions used in determining year-end benefit obligations:
Discount rate (as a percent)	5.10%	5.42%	5.50%
Rate of increase in compensation levels (as a percent)	3.92%	4.15%	4.10%
Foreign Pension Plans \| Continuing operations
Net periodic pension/postretirement benefit expense
Total net periodic pension/postretirement benefit expense	0.9	3.5	4.3
Foreign Pension Plans \| Discontinued operations
Net periodic pension/postretirement benefit expense
Total net periodic pension/postretirement benefit expense	(0.7)	(0.3)	(0.9)
Postretirement Plans
Net periodic pension/postretirement benefit expense
Service cost	0.4	0.3	0.2
Interest cost	7.0	8.0	9.9
Amortization of unrecognized losses	4.5	4.2	3.0
Amortization of unrecognized prior service credits	(1.4)	(1.3)	(1.4)
Total net periodic pension/postretirement benefit expense	10.5	11.2	11.7
Other changes in plan assets and benefit obligations recognized in other comprehensive loss
Current year actuarial loss (gain)	3.9
Amortization of actuarial loss	4.5
Amortization of prior service credits	(1.4)
Total other changes in plan assets and benefit obligations recognized in other comprehensive loss	7.0
Estimated amounts that will be amortized from accumulated other comprehensive loss into net periodic benefit expense in 2012
Net actuarial loss	3.7
Net prior service credits	(1.4)
Weighted-average actuarial assumptions used in determining net periodic pension expense:
Discount rate (as a percent)	4.85%	5.46%	7.07%
Weighted-average actuarial assumptions used in determining year-end benefit obligations:
Discount rate (as a percent)	4.36%	4.85%	5.46%
Assumed health care cost trend rates:
Heath care cost trend rate for next year (as a percent)	7.52%	7.86%	8.21%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) (as a percent)	5.00%	5.00%	5.00%
Year that the rate reaches the ultimate trend rate	2019	2019	2019
Effects on postretirement expense of a percentage point change in assumed health care cost trend rates
Effect of 1% increase on total of service and interest costs	0.4
Effect of 1% decrease on total of service and interest costs	(0.4)
Effect of 1% increase on postretirement benefit obligation	9.4
Effect of 1% decrease on postretirement benefit obligation	$ (8.6)

Employee Benefit Plans (Details 7) (IAM National Pension Fund, National Pension Plan, USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011 Y
IAM National Pension Fund, National Pension Plan
Multiemployer Benefit Plans
2011 contributions	$ 0.3
Maximum contribution to multiemployer plan	5.00%
Amortization period of investment losses (in years)	29
Required amortization period of investment losses (in years)	15
Current period to recognize investment losses due to the updating of the current asset valuation method	10 years
Previous period to recognize investment losses due to the updating of the current asset valuation method	5 years

Employee Benefit Plans (Details 8) (USD $) In Millions, except Share data in Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Defined contribution retirement plans
Defined Contribution Retirement Plans
Maximum voluntary contribution by eligible U.S. employees as a percentage of their compensation	50.00%
Number of shares contributed (in shares)	271	269	347
Compensation expense	$ 14.8	$ 13.9	$ 14.6
Supplemental Retirement Savings Plan (SRSP)
Defined Contribution Retirement Plans
Compensation expense	0.4	0.4	0.8
Supplemental Retirement Savings Plan (SRSP) \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Contribution Retirement Plans
Fair value of plan assets	$ 47.0	$ 47.3

- Definition

+ References+ Details

Income Taxes (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended							12 Months Ended
	Dec. 31, 2011 matter	Oct. 01, 2011	Jul. 02, 2011	Apr. 02, 2011	Dec. 31, 2010	Jul. 03, 2010	Apr. 03, 2010	Dec. 31, 2011 M Y matter	Dec. 31, 2010	Dec. 31, 2009
Income from continuing operations:
United States								$ 8.0	$ 71.2	$ 253.6
Foreign								161.2	152.5	44.3
Income from continuing operations before income taxes								169.2	223.7	297.9
Current:
United States								20.7	(33.1)	57.3
Foreign								29.3	17.2	13.7
Total current								50.0	(15.9)	71.0
Deferred and other:
United States								(43.1)	65.6	4.1
Foreign								7.4	(4.0)	(1.4)
Total deferred and other								(35.7)	61.6	2.7
Total provision								14.3	45.7	73.7
Reconciliation of income tax computed at the U.S. federal statutory tax rate to effective income tax rate
Tax at U.S. federal statutory rate (as a percent)								35.00%	35.00%	35.00%
State and local taxes, net of U.S. federal benefit (as a percent)								1.30%	2.00%	1.70%
U.S. credits and exemptions (as a percent)								(8.70%)	(0.60%)	(1.50%)
Foreign earnings taxed at lower rates (as a percent)								(5.30%)	(10.80%)	(10.50%)
Audit settlements with taxing authorities (as a percent)								(0.40%)	(0.60%)	(0.90%)
Adjustments to uncertain tax positions (as a percent)								1.50%	(3.60%)	1.40%
Changes in valuation allowance (as a percent)								(18.40%)	(5.30%)	2.00%
Benefit for loss on investment in foreign subsidiary (as a percent)										(1.50%)
Law change regarding deductibility of Medicare Part D expenses (as a percent)									2.80%
Tax on repatriation of foreign earnings (as a percent)								4.10%	1.60%
Other (as a percent)								(0.60%)	(0.10%)	(1.00%)
Effective income tax rate (as a percent)								8.50%	20.40%	24.70%
Deferred tax assets:
Working capital accruals	37.8				39.7			37.8	39.7
Legal, environmental and self-insurance accruals	45.6				40.6			45.6	40.6
Pension, other postretirement and postemployment benefits	169.9				151.2			169.9	151.2
NOL and credit carryforwards	242.5				206.3			242.5	206.3
Payroll and compensation	46.1				48.6			46.1	48.6
Other	71.0				80.1			71.0	80.1
Total deferred tax assets	612.9				566.5			612.9	566.5
Valuation allowance	(124.5)				(162.7)			(124.5)	(162.7)
Net deferred tax assets	488.4				403.8			488.4	403.8
Deferred tax liabilities:
Accelerated depreciation	36.1				25.5			36.1	25.5
Basis difference in affiliates	40.5				38.6			40.5	38.6
Intangibles recorded in acquisitions	344.5				213.9			344.5	213.9
Other	58.9				60.2			58.9	60.2
Total deferred tax liabilities	480.0				338.2			480.0	338.2
Deferred tax assets (liabilities), net	8.4				65.6			8.4	65.6
Operating Loss Carryforwards
Foreign tax credit carryforwards	29.1							29.1
Research credit carryforwards	12.7							12.7
Carryforwards expiring in 2012	6.9							6.9
Carryforwards expiring between 2012 and 2031	728.7							728.7
Decrease in valuation allowance recognized as a reduction in tax expense from continuing operations								31.2	11.7
Decrease in valuation allowance recognized as a (increase) decrease in tax expense from discontinued operations								(7.7)	9.8
Increase (decrease) in valuation allowance								38.2	37.9
Undistributed foreign earnings								1,703.0
Gross unrecognized tax benefits	85.2				95.5			85.2	95.5	120.9
Net unrecognized tax benefits	68.0				77.4			68.0	77.4	105.3
Portion of unrecognized benefits which, if recognized, would impact future effective tax rates	61.7							61.7
Gross accrued interest	12.9				15.6			12.9	15.6	21.9
Net accrued interest	10.1				11.3			10.1	11.3	16.5
Gross interest income included in income tax provision								2.3	4.0	0.7
Reasonably possible amount that unrecognized tax benefits could decrease within next twelve months, low end of range	30.0							30.0
Reasonably possible amount that unrecognized tax benefits could decrease within next twelve months, high end of range	40.0							40.0
Aggregate changes in balance of unrecognized tax benefits
Unrecognized tax benefit - opening balance				95.5			120.9	95.5	120.9	102.9
Gross increases - tax positions in prior period								3.3	13.9	29.8
Gross decreases - tax positions in prior period								(11.4)	(13.4)	(3.2)
Gross increases - tax positions in current period								10.9	8.7	11.2
Settlements								(0.9)	(24.5)	(5.8)
Lapse of statute of limitations								(11.5)	(8.3)	(16.8)
Change due to foreign currency exchange rates								(0.7)	(1.8)	2.8
Unrecognized tax benefit - ending balance	85.2				95.5			85.2	95.5	120.9
Uncertain Tax Positions and Other Tax Matters
Income tax benefit associated with the release of the valuation allowance on existing foreign tax credit carryforwards		27.8						27.8
Tax benefits associated with the conclusion of a Canadian appeals process			2.5					2.5
Tax credits related to expansion of power transformer facility in Waukesha, WI	4.0	2.0	0.9	0.8				7.7
Income tax benefit partially offset by federal income taxes recorded in connection with plan to repatriate a portion of the earnings of a foreign subsidiary		6.9						6.9
Income tax benefit resulting from settlement with taxing authority recorded in continuing operations						22.0			18.2
Income tax benefit resulting from settlement with taxing authority recorded in discontinued operations						7.3	(3.8)		7.3
Favorable impact effective income tax rate related to uncertain tax positions					16.0				16.0
Domestic charge for the taxation of prescription drug costs for retirees that partially offset benefits							6.2		6.2
Repatriation of foreign earnings that partially offset benefits					3.6				3.6
Net tax benefits recognized on expiry of statute of limitations										18.0
Net tax benefits recognized on expiry of statute of limitations attributable to continuing operations										7.9
Net tax benefits recognized on expiry of statute of limitations attributable to discontinuing operations										10.1
Income tax benefit associated with loss on an investment in a foreign subsidiary										4.9
Period within which federal income tax returns related matters are expected to be resolved (in months)								12
Maximum period for which impact on state income tax returns of any federal changes remains subject to examination by various states (in years)								1
Minimum number of matters whose unfavorable resolution could have material adverse effect on the results of operations or cash flows (in matters)	1							1
Minimum
Operating Loss Carryforwards
State income tax returns subject to examination for a period (in years)								3
Maximum
Operating Loss Carryforwards
State income tax returns subject to examination for a period (in years)								5
State and Local Jurisdiction
Operating Loss Carryforwards
Tax loss carryforwards	561.6							561.6
Foreign Country
Operating Loss Carryforwards
Tax loss carryforwards	678.8							678.8
Tax loss carryforwards reported in continuing operations	$ 638.5							$ 638.5

Indebtedness (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended		1 Months Ended	12 Months Ended	1 Months Ended	12 Months Ended								12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011 Term loan 1	Dec. 31, 2011 Term loan 1	Dec. 31, 2011 Term loan 2	Dec. 31, 2011 Term loan 2	Dec. 31, 2011 Domestic revolving credit facility	Jun. 30, 2011 Domestic revolving credit facility	Dec. 31, 2011 6.875% senior notes	Dec. 31, 2010 6.875% senior notes	Dec. 31, 2011 7.625% senior notes	Dec. 31, 2010 7.625% senior notes	Dec. 31, 2007 7.625% senior notes	Dec. 31, 2011 7.50% senior notes	Dec. 31, 2011 6.25% senior notes	Dec. 31, 2011 Trade receivables financing arrangement	Dec. 31, 2011 Other indebtedness	Dec. 31, 2010 Other indebtedness	Dec. 31, 2011 Other indebtedness Clyde Union	Jun. 30, 2011 Global revolving credit facility
Debt
Balance at the beginning of the period	$ 1,197.6								$ 600.0	$ 600.0	$ 500.0	$ 500.0		$ 28.2	$ 21.3		$ 48.1
Borrowings	2,004.7		300.0	300.0	500.0	500.0	1,050.0									118.0	5.6
Repayments	(1,220.3)						(1,050.0)							(28.2)	(21.3)	(118.0)	(2.8)
Other	19.1																19.3
Balance at the end of the period	2,001.1								600.0	600.0	500.0	500.0					70.2
Short-term debt	71.3	36.3
Current maturities of long-term debt	4.2	50.8
Total long-term debt	1,925.6	1,110.5
Interest rate percentage									6.875%		7.625%		7.625%	7.50%	6.25%
Purchase card program	40.4	36.1															40.4	36.1
Maximum borrowing capacity under financing arrangement								300.0								130.0				300.0
Debt assumed in acquisition																			$ 14.5

Indebtedness (Details 2) (USD $) In Millions, unless otherwise specified	12 Months Ended																						12 Months Ended								12 Months Ended					12 Months Ended				12 Months Ended						12 Months Ended						12 Months Ended									12 Months Ended												12 Months Ended
	Dec. 31, 2011	Dec. 31, 2011 Greater than or equal to 3.00 to 1.0	Dec. 31, 2011 Between 2.00 to 1.0 and 3.00 to 1.0	Dec. 31, 2011 Between 2.00 to 1.0 and 3.00 to 1.0 Maximum	Dec. 31, 2011 Between 2.00 to 1.0 and 3.00 to 1.0 Minimum	Dec. 31, 2011 Between 1.50 to 1.0 and 2.00 to 1.0	Dec. 31, 2011 Between 1.50 to 1.0 and 2.00 to 1.0 Maximum	Dec. 31, 2011 Between 1.50 to 1.0 and 2.00 to 1.0 Minimum	Dec. 31, 2011 Between 1.00 to 1.0 and 1.50 to 1.0	Dec. 31, 2011 Between 1.00 to 1.0 and 1.50 to 1.0 Maximum	Dec. 31, 2011 Between 1.00 to 1.0 and 1.50 to 1.0 Minimum	Dec. 31, 2011 Less than 1.00 to 1.0	Dec. 31, 2011 Alternate Base Rate Greater than or equal to 3.00 to 1.0	Dec. 31, 2011 Alternate Base Rate Between 2.00 to 1.0 and 3.00 to 1.0	Dec. 31, 2011 Alternate Base Rate Between 1.50 to 1.0 and 2.00 to 1.0	Dec. 31, 2011 Alternate Base Rate Between 1.00 to 1.0 and 1.50 to 1.0	Dec. 31, 2011 Alternate Base Rate Less than 1.00 to 1.0	Dec. 31, 2011 Reserve adjusted LIBOR rate Greater than or equal to 3.00 to 1.0	Dec. 31, 2011 Reserve adjusted LIBOR rate Between 2.00 to 1.0 and 3.00 to 1.0	Dec. 31, 2011 Reserve adjusted LIBOR rate Between 1.50 to 1.0 and 2.00 to 1.0	Dec. 31, 2011 Reserve adjusted LIBOR rate Between 1.00 to 1.0 and 1.50 to 1.0	Dec. 31, 2011 Reserve adjusted LIBOR rate Less than 1.00 to 1.0	Dec. 31, 2010 Interest Rate Swaps	Dec. 31, 2011 Letter of credit Greater than or equal to 3.00 to 1.0	Dec. 31, 2011 Letter of credit Between 2.00 to 1.0 and 3.00 to 1.0	Dec. 31, 2011 Letter of credit Between 1.50 to 1.0 and 2.00 to 1.0	Dec. 31, 2011 Letter of credit Between 1.00 to 1.0 and 1.50 to 1.0	Dec. 31, 2011 Letter of credit Less than 1.00 to 1.0	Dec. 31, 2011 Senior credit facility numerator denominator quarter D	Jun. 30, 2011 Senior credit facility	Dec. 31, 2011 Senior credit facility Debt Instrument, variable prime rate	Dec. 31, 2011 Senior credit facility Federal funds alternative base rate	Dec. 31, 2011 Senior credit facility LIBOR alternative base rate	Dec. 31, 2011 Senior credit facility Reserve adjusted LIBOR rate	Dec. 31, 2011 Senior credit facility Letter of credit	Dec. 31, 2011 Term loan 1 M	Dec. 31, 2011 Term loan 2	Dec. 31, 2011 Domestic and global revolving credit facilities	Jun. 30, 2011 Domestic revolving credit facility	Dec. 31, 2011 Domestic revolving credit facility Greater than or equal to 3.00 to 1.0	Dec. 31, 2011 Domestic revolving credit facility Between 2.00 to 1.0 and 3.00 to 1.0	Dec. 31, 2011 Domestic revolving credit facility Between 1.50 to 1.0 and 2.00 to 1.0	Dec. 31, 2011 Domestic revolving credit facility Between 1.00 to 1.0 and 1.50 to 1.0	Dec. 31, 2011 Domestic revolving credit facility Less than 1.00 to 1.0	Jun. 30, 2011 Global revolving credit facility	Dec. 31, 2011 Global revolving credit facility Greater than or equal to 3.00 to 1.0	Dec. 31, 2011 Global revolving credit facility Between 2.00 to 1.0 and 3.00 to 1.0	Dec. 31, 2011 Global revolving credit facility Between 1.50 to 1.0 and 2.00 to 1.0	Dec. 31, 2011 Global revolving credit facility Between 1.00 to 1.0 and 1.50 to 1.0	Dec. 31, 2011 Global revolving credit facility Less than 1.00 to 1.0	Dec. 31, 2011 Foreign credit instrument facility	Dec. 31, 2011 Foreign credit instrument facility Greater than or equal to 3.00 to 1.0	Dec. 31, 2011 Foreign credit instrument facility Between 2.00 to 1.0 and 3.00 to 1.0	Dec. 31, 2011 Foreign credit instrument facility Between 1.50 to 1.0 and 2.00 to 1.0	Dec. 31, 2011 Foreign credit instrument facility Between 1.00 to 1.0 and 1.50 to 1.0	Dec. 31, 2011 Foreign credit instrument facility Less than 1.00 to 1.0	Dec. 31, 2011 Participation foreign credit instrument facility	Jun. 30, 2011 Participation foreign credit instrument facility	Jun. 30, 2011 Bilateral foreign credit instrument facility	Dec. 31, 2011 Letters of credit under separate arrangements in China, South Africa, and India	Dec. 31, 2011 Term loan	Dec. 31, 2011 Term loan LIBOR alternative base rate Greater than or equal to 3.00 to 1.0	Dec. 31, 2011 Term loan LIBOR alternative base rate Between 2.00 to 1.0 and 3.00 to 1.0	Dec. 31, 2011 Term loan LIBOR alternative base rate Between 1.50 to 1.0 and 2.00 to 1.0	Dec. 31, 2011 Term loan LIBOR alternative base rate Between 1.00 to 1.0 and 1.50 to 1.0	Dec. 31, 2011 Term loan LIBOR alternative base rate Less than 1.00 to 1.0	Dec. 31, 2011 Term loan Reserve adjusted LIBOR rate Greater than or equal to 3.00 to 1.0	Dec. 31, 2011 Term loan Reserve adjusted LIBOR rate Between 2.00 to 1.0 and 3.00 to 1.0	Dec. 31, 2011 Term loan Reserve adjusted LIBOR rate Between 1.50 to 1.0 and 2.00 to 1.0	Dec. 31, 2011 Term loan Reserve adjusted LIBOR rate Between 1.00 to 1.0 and 1.50 to 1.0	Dec. 31, 2011 Term loan Reserve adjusted LIBOR rate Less than 1.00 to 1.0	Dec. 31, 2011 Foreign Credit Commitment	Dec. 31, 2011 Foreign Credit Commitment Greater than or equal to 3.00 to 1.0	Dec. 31, 2011 Foreign Credit Commitment Between 2.00 to 1.0 and 3.00 to 1.0	Dec. 31, 2011 Foreign Credit Commitment Between 1.50 to 1.0 and 2.00 to 1.0	Dec. 31, 2011 Foreign Credit Commitment Between 1.00 to 1.0 and 1.50 to 1.0	Dec. 31, 2011 Foreign Credit Commitment Less than 1.00 to 1.0	Dec. 31, 2011 Foreign Credit Commitment Letter of credit
Credit Facilities
Maximum borrowing capacity under financing arrangement																														$ 2,600.0									$ 300.0						$ 300.0													$ 1,000.0	$ 200.0
Percentage of initial principal amount which the entity will repay in 2011																																					0.00%
Percentage of initial principal amount which the entity will repay in 2012																																					0.00%
Percentage of initial principal amount which the entity will repay in 2013																																					5.00%
Percentage of initial principal amount which the entity will repay in 2014																																					15.00%
Percentage of initial principal amount which the entity will repay in 2015																																					20.00%
Percentage of initial principal amount which the entity will repay at the end of the first fiscal quarter of 2016																																					5.00%
Repayment term (in months)																																				18
Termination costs of swap and term loan under previously exisiting senior credit facilities																							25.6
Costs associated with early termination of swaps																							24.3
Write-off of deferred financing costs																							1.1
Early termination fee																							0.2
Amount of available borrowing capacity																																						485.3																																		408.6
Amount of outstanding borrowings																																																			30.9
Letters of credit issued, amount outstanding																																			83.8																									3.3																		791.4
Additional commitments SPX may seek to add																													200.0
Maximum amount of the availability resets																													1,000.0
Basis spread on variable rate (as a percent)													1.00%	0.875%	0.75%	0.50%	0.25%	2.00%	1.875%	1.75%	1.50%	1.25%										0.50%	1.00%																													1.25%	1.125%	1.00%	0.75%	0.50%	2.25%	2.125%	2.00%	1.75%	1.50%
Description of variable rate (as a percent)																															prime rate	federal funds effective rate	one-month LIBOR rate	reserve-adjusted LIBOR rate
Interest period which may be elected, shortest (in months)																																		1M
Interest period which may be elected, second shortest (in months)																																		2M
Interest period which may be elected, second longest (in months)																																		3M
Interest period which may be elected, longest (in months)																																		6M
Threshold amount of cash and cash equivalents above which amounts are netted against consolidated net debt for calculation of debt compliance	50.0
Consolidated leverage ratio, numerator		3.00										1.0
Consolidated leverage ratio, denominator		1.0	1.0			1.0			1.0			1.0
Debt Instrument, Consolidated Leverage Ratio, Numerator				3	2		2	1.5		1.5	1
Commitment fee (as a percent)																								2.00%	1.875%	1.75%	1.50%	1.25%												0.40%	0.35%	0.30%	0.275%	0.25%		0.40%	0.35%	0.30%	0.275%	0.25%		1.25%	1.125%	1.00%	0.875%	0.75%					0.50%												0.40%	0.35%	0.30%	0.275%	0.25%
Weighted-average interest rate of senior credit facilities (as a percent)																													2.49%
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage																																																													0.275%
Fronting fees (as a percent)																													0.125%																												0.20%
Maximum period within which net proceeds should be reinvested (in days)																													360
Security interest granted in capital stock of domestic subsidaries or subsidiary guarantors (as a percent)																													100.00%
Security interest granted in material first tier foreign subsidiaries (as a percent)																													65.00%
Number of trailing fiscal quarters used in calculating the Consolidated Leverage Coverage Ratio under senior credit facilities' covenants (in number of quarters)																													4
Number of trailing fiscal quarters used in calculating the Consolidated Interest Coverage Ratio under senior credit facilities' covenants (in number of quarters)																													4
Prepayment reinvestment exclusion period (in days)																													360
Consolidated Interest Coverage Ratio under senior credit facilities' covenants																													at least 3.50:1.00
Consolidated Interest Coverage Ratio numerator, minimum																													3.50
Consolidated Interest Coverage Ratio denominator																													1.00
Consolidated Leverage Ratio under senior credit facilities' covenants																													no more than 3.25:1.00
Consolidated Leverage Ratio numerator, upper limit																													3.25
Consolidated Leverage Ratio under senior credit facilities' covenants after certain permitted acquisitions																													3.50 to 1.00
Consolidated Leverage Ratio after certain permitted acquisitions, numerator, upper limit																													3.50
Maximum consolidated Leverage Ratio necessary for unlimited amount of capital stock repurchases and dividend payments under senior credit facilities' covenants																													less than 2.50:1.00
Consolidated Leverage Ratio breakpoint for determining restrictions on capital stock repurchases and dividend payments under senior credit facilities' covenants, numerator																													2.50
Consolidated Leverage Ratio restricting amount of capital stock repurchases and dividend payments under senior credit facilities' covenants																													greater than or equal to 2.50:1.00
Maximum amount of capital stock repurchases and dividend declarations allowable (before adjustment) under senior credit facilities' covenants in any fiscal year if Consolidated Leverage Ratio is greater than or equal to 2.50 to 1.00																													100.0
Consolidated leverage ratio greater than 2.50 to 1.00 - capital stock repurchases and dividend declarations used in calculation																													$ 300.0
Percentage of cumulative consolidated net income during the period from July 1, 2011 to the end of the most recent fiscal quarter used																													50.00%
Percentage of consolidated net deficit removed from calculation of amounts available for stock repurchases and dividends																													(100.00%)

Indebtedness (Details 3) (USD $) In Millions, unless otherwise specified			12 Months Ended			12 Months Ended			1 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011 6.875% senior unsecured notes	Aug. 31, 2010 6.875% senior unsecured notes	Dec. 31, 2011 Trade receivables financing arrangement	Dec. 31, 2011 7.625% senior notes	Dec. 31, 2010 7.625% senior notes	Dec. 31, 2007 7.625% senior notes	Feb. 29, 2012 Term loan	Feb. 29, 2012 Term loan 1	Feb. 29, 2012 Term loan 2
Debt activity
Aggregate principal amount				$ 600.0				$ 500.0
Interest rate percentage				6.875%		7.625%		7.625%
Repayments under senior credit facilities			(562.5)						(325.0)	(300.0)	(25.0)
Termination costs paid for swaps related to term loan that was repaid			26.9
Accrued interest paid related to term loan which was repaid			2.6
Percentage of the principal amount at which notes are redeemable at any time prior to maturity			100.00%			100.00%
Percentage of the aggregate principal amount at which notes may redeemed with proceeds from certain equity offerings at any time prior to September 1, 2013			35.00%
Percentage of the principal amount representing redemption price of notes which may be redeemed with proceeds from certain equity offerings			106.875%
Percentage of principal amount at which notes may be required to be repurchased in event of change of control			101.00%			101.00%
Amount outstanding under financing agreement	2,001.1	1,197.6				500.0	500.0
Trade receivables from financing agreement, maximum borrowing capacity					130.0
Other Borrowings and Financing Activities
Outstanding amount, purchase card program agreement	$ 40.4	$ 36.1

Financial Instruments (Details) (USD $) In Millions, unless otherwise specified			12 Months Ended		12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2010 Interest Rate Swaps	Aug. 31, 2010 Interest Rate Swaps	Dec. 31, 2011 FX forward contracts	Dec. 31, 2010 FX forward contracts	Dec. 31, 2011 FX embedded derivatives	Dec. 31, 2010 FX embedded derivatives	Dec. 31, 2011 Commodity contracts pound	Dec. 31, 2010 Commodity contracts pound
Interest rate swaps
Fixed rate of interest on derivatives (as a percent)				4.795%
Cash payment including accrued interest on terminated swaps			$ 26.9
Accrued interest			2.6
Charge to earnings			24.3
Derivative disclosures
Aggregate notional amount					66.1	199.5	73.2	200.9
Derivative contracts maturities in 2012					59.7		55.0
Derivative contracts maturities in 2013					6.4		15.8
Derivative contracts maturities in 2014							2.4
Unrealized loss, net of tax, recorded in AOCI related to commodity and FX forward contracts	4.4	3.3			3.7	4.1			0.7	(0.8)
Notional amount of commodity contracts (in pounds of copper)									2,900,000	1,800,000
Fair value of derivative contract									(0.8)	1.0
Unrealized loss reclassified into income over the next 12 months	2.8
Percentage of strength of U.S. Dollar against GBP from inception of agreement					4.00%
Cash payment resulting from settlement of contracts					$ 34.6

Financial Instruments (Details 2) (USD $) In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Derivative contracts designated as hedging instruments \| Accrued expenses
Fair value of derivative financial instruments
Fair value of derivative liability	$ (1.2)	$ (2.9)
Derivative contracts designated as hedging instruments \| FX forward contracts \| Accrued expenses
Fair value of derivative financial instruments
Fair value of derivative liability	(0.4)	(2.9)
Derivative contracts designated as hedging instruments \| Commodity contracts \| Accrued expenses
Fair value of derivative financial instruments
Fair value of derivative liability	(0.8)
Derivative contracts not designated as hedging instruments
Fair value of derivative financial instruments
Fair value of derivative liability	(15.5)	(36.4)
Derivative contracts not designated as hedging instruments \| Other current assets
Fair value of derivative financial instruments
Fair value of derivative assets	1.2	3.1
Derivative contracts not designated as hedging instruments \| FX forward contracts \| Other current assets
Fair value of derivative financial instruments
Fair value of derivative assets		0.5
Derivative contracts not designated as hedging instruments \| FX forward contracts \| Accrued expenses
Fair value of derivative financial instruments
Fair value of derivative liability	(0.4)	(1.4)
Derivative contracts not designated as hedging instruments \| FX embedded derivatives \| Other current assets
Fair value of derivative financial instruments
Fair value of derivative assets	1.2	2.6
Derivative contracts not designated as hedging instruments \| FX embedded derivatives \| Accrued expenses
Fair value of derivative financial instruments
Fair value of derivative liability	(0.3)	(1.8)
Derivative contracts not designated as hedging instruments \| FX embedded derivatives \| Other long-term liabilities
Fair value of derivative financial instruments
Fair value of derivative liability	$ (14.8)	$ (33.2)

- Definition

Fair values as of the balance sheet date of all assets resulting from contracts that meet the criteria of being accounted for as derivative instruments, net of the effects of master netting arrangements.

+ References+ Details

- Definition

Fair values as of the balance sheet date of all liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments, net of the effects of master netting arrangements.

+ References+ Details

Financial Instruments (Details 3) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Concentrations of Credit Risk
Maximum percentage of revenues accounted by any single customer	10.00%
Cash flow hedge
Derivative instrument disclosures
Amount of gain (loss) recognized in AOCI, pre-tax	$ (2.0)	$ (10.9)	$ (9.0)
Amount of gain (loss) reclassified from AOCI to income, pre-tax	(0.2)	(34.5)	(26.6)
Derivative gains (losses) recognized in other expense, net, relating to derivative ineffectiveness and amounts excluded from effectiveness testing	0.3	1.1	(0.2)
Cash flow hedge \| Interest Rate Swaps
Derivative instrument disclosures
Amount of gain (loss) recognized in AOCI, pre-tax		(9.3)	(6.6)
Cash flow hedge \| Interest Rate Swaps \| Interest expense.
Derivative instrument disclosures
Amount of gain (loss) reclassified from AOCI to income, pre-tax		(12.7)	(20.4)
Cash flow hedge \| Interest Rate Swaps \| Loss on early extinguishment of interest rate protection agreements and term loan
Derivative instrument disclosures
Amount of gain (loss) reclassified from AOCI to income, pre-tax		(24.3)
Cash flow hedge \| FX forward contracts
Derivative instrument disclosures
Amount of gain (loss) recognized in AOCI, pre-tax	(0.2)	(4.9)	(1.8)
Cash flow hedge \| FX forward contracts \| Cost of products sold
Derivative instrument disclosures
Amount of gain (loss) reclassified from AOCI to income, pre-tax	(0.8)
Cash flow hedge \| FX embedded derivatives
Derivative instrument disclosures
Amount of gain (loss) recognized in AOCI, pre-tax		2.3	(4.6)
Cash flow hedge \| FX embedded derivatives \| Cost of products sold
Derivative instrument disclosures
Amount of gain (loss) reclassified from AOCI to income, pre-tax		1.8
Cash flow hedge \| Commodity contracts
Derivative instrument disclosures
Amount of gain (loss) recognized in AOCI, pre-tax	(1.8)	1.0	4.0
Cash flow hedge \| Commodity contracts \| Cost of products sold
Derivative instrument disclosures
Amount of gain (loss) reclassified from AOCI to income, pre-tax	0.6	0.7	(6.2)
Derivative contracts not designated as hedging instruments
Derivative instrument disclosures
Amount of gain (loss) recognized in income	(37.3)	(18.4)	(7.5)
Derivative contracts not designated as hedging instruments \| FX forward contracts \| Other expense, net
Derivative instrument disclosures
Amount of gain (loss) recognized in income	(38.5)	5.0	5.6
Derivative contracts not designated as hedging instruments \| FX embedded derivatives \| Other expense, net
Derivative instrument disclosures
Amount of gain (loss) recognized in income	1.2	(23.4)	(13.1)
Gain (loss) on discontinuation of foreign currency cash flow hedge due to the occurrence of forecasted transaction no longer being probable	$ 4.6

- Definition

The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments.

+ References+ Details

- Definition

The portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments representing (a) the amount of the hedge ineffectiveness and (b) the amount, if any, excluded from the assessment of hedge effectiveness.

+ References+ Details

- Definition

The amount of net gains and losses recognized in income during the period on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges, on derivative instruments designated and qualifying as hedging instruments in cash flow hedges, and on derivative instruments not designated as hedging instruments.

+ References+ Details

- Definition

The effective portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments that was recognized in other comprehensive income during the current period.

+ References+ Details

Commitments, Contingent Liabilities and Other Matters (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Future minimum rental payments under operating leases with remaining non-cancelable term
2012	$ 39.6	$ 39.6
2013	30.0	30.0
2014	23.3	23.3
2015	15.1	15.1
2016	12.0	12.0
Thereafter	42.6	42.6
Total minimum payments	162.6	162.6
Total operating lease expense		47.1	48.8	50.0
Future minimum lease payments under capital obligations
2012	6.9	6.9
2013	6.4	6.4
2014	3.7	3.7
2015	3.2	3.2
2016	3.2	3.2
Thereafter	9.8	9.8
Total minimum payments	33.2	33.2
Less: interest	(7.2)	(7.2)
Capital lease obligation	26.0	26.0
Less: current maturities	(4.2)	(4.2)
Long-term portion	21.8	21.8
Contingencies and other matters
Carrying values of accruals	558.3	558.3	436.2
Accruals included in other long-term liabilities	491.8	491.8	368.0
Charge associated with amounts that are deemed uncollectible from an insolvent insurer, portion recorded in other expense, net	18.2
Charge associated with amounts that are deemed uncollectible from an insolvent insurer, portion recorded in discontinued operations, net of tax	1.2
Risk management matters
Contingencies and other matters
Carrying values of accruals	495.6	495.6	366.1
Insurance recovery assets	428.9	428.9	320.0
Insured risk management matters
Contingencies and other matters
Charge resulting from insolvency of insurance carrier for certain risk management matters		19.4
Charge associated with amounts that are deemed uncollectible from an insolvent insurer recorded to other expense, net		18.2
Charge associated with amounts that are deemed uncollectible from an insolvent insurer, portion recorded in discontinued operations, net of tax		$ 1.2

Commitments, Contingent Liabilities and Other Matters (Details 2) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011 Y option
Capital Leases
Total	$ 37.0
Less: accumulated depreciation	(9.7)
Net book value	27.3
Initial term of the lease (in years)	15
Number of options available for lease extensions	2
Period for which each option to extend the lease term is available (in years)	5
Annual lease payments for the building	6.5
Machinery and Equipment
Capital Leases
Total	9.4
Building
Capital Leases
Total	23.9
Property, Plant and Equipment, Other Types
Capital Leases
Total	$ 3.7

- Definition

Property, plant, or equipment held under lease agreements classified as an asset.

+ References+ Details

- Definition

The total charge for the use of long-lived depreciable assets subject to a lease meeting the criteria for capitalization.

+ References+ Details

Commitments, Contingent Liabilities and Other Matters (Details 4) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Board Of Directors
Executive Agreements
Number of Board approved executive employment agreements	9
Number of officers having outstanding non-interest bearing relocation home loans	3
Repayment tenure of non-interest bearing relocation home loans (in years)	20
Amount of relocation home loans	$ 4.5
Board Of Directors \| Maximum
Executive Agreements
Period of rolling term of employment agreements (in years)	2
Board Of Directors \| Minimum
Executive Agreements
Period of rolling term of employment agreements (in years)	1
Consortium arrangements \| Thermal Equipment and Services reportable segment
Collaborative Arrangements
Entity's share of the aggregate contract value on open consortium arrangements	324.0	381.4
Percentage of entity's share of the aggregate contract value, recognized as revenue	56.00%	45.00%
Aggregate contract value on open consortium arrangements	801.1	948.7
Estimated fair value of potential obligation recorded as a liabilities	$ 1.9	$ 3.2

Shareholders' Equity and Stock-Based Compensation (Details) (USD $) In Millions, except Share data in Thousands, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2011	Oct. 01, 2011	Jul. 02, 2011	Apr. 02, 2011	Dec. 31, 2010	Oct. 02, 2010	Jul. 03, 2010	Apr. 03, 2010	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Numerator:
Income from continuing operations	$ 58.4	$ 50.8	$ 25.0	$ 20.7	$ 64.4	$ 35.0	$ 64.6	$ 14.0	$ 154.9	$ 178.0	$ 224.2
Less: Net income (loss) attributable to noncontrolling interests									5.0	(2.8)	1.8
Income from continuing operations attributable to SPX Corporation common shareholders for calculating basic and diluted earnings per share									149.9	180.8	222.4
Income (loss) from discontinued operations	5.1	11.5	10.0	4.1	(0.6)	4.7	13.4	7.3	30.7	24.8	(208.0)
Less: Net income (loss) attributable to noncontrolling interest											(17.3)
Income (loss) from discontinued operations attributable to SPX Corporation common shareholders for calculating basic and diluted earnings per share									$ 30.7	$ 24.8	$ (190.7)
Denominator:
Weighted-average number of common shares used in basic earnings per share (in shares)									50,499	49,718	49,363
Dilutive Securities Employee stock options and restricted stock units (in shares)									447	629	434
Weighted-average number of common shares and dilutive securities used in diluted earnings per share									50,946	50,347	49,797
Stock options
Stock-Based Compensation
The number of options or units that were excluded from the computation of diluted earnings per share (in shares)									117	405	668
Restricted stock and restricted stock units
Stock-Based Compensation
The number of options or units that were excluded from the computation of diluted earnings per share (in shares)									633	102	222

Shareholders' Equity and Stock-Based Compensation (Details 2) (USD $) In Millions, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Accumulated Other Comprehensive Loss
Foreign currency translation adjustment	$ 199.7	$ 223.2
Net unrealized losses on qualifying cash flow hedges, net of tax	(4.4)	(3.3)
Net unrealized losses on qualifying cash flow hedges, tax	2.9	2.2
Net unrealized gains (losses) on available-for-sale securities	(1.5)	6.1
Pension and postretirement liability adjustment and other, net of tax	(440.3)	(418.6)
Pension and postretirement liability adjustment and other, tax benefit	274.3	266.6
Accumulated other comprehensive loss	(246.5)	(192.6)
EGS Electrical Group, LLC and subsidiaries ("EGS")
Accumulated other comprehensive loss
Pension liability adjustment related to joint venture	$ 3.8	$ 3.2

Shareholders' Equity and Stock-Based Compensation (Details 3) (USD $)	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Summary of common shares issued, treasury shares and shares outstanding
Balance at the beginning of the period (in shares)	50,294,261	49,368,000	51,128,000
Stock options exercised (in shares)	154,000	238,000	154,000
Share repurchases (in shares)			(2,625,000)
Restricted stock and restricted stock units (in shares)	354,000	420,000	364,000
Other (in shares)	271,000	268,000	347,000
Balance at the end of the period (in shares)	51,073,419	50,294,261	49,368,000
Common Stock
Authorized shares (in shares)	200,000,000
Par value (in dollars per share)	$ 10.00
Summary of common shares issued, treasury shares and shares outstanding
Balance at the beginning of the period (in shares)	98,068,000	97,284,000	96,523,000
Stock options exercised (in shares)	154,000	238,000	154,000
Restricted stock and restricted stock units (in shares)	209,000	278,000	260,000
Other (in shares)	271,000	268,000	347,000
Balance at the end of the period (in shares)	98,702,000	98,068,000	97,284,000
Common Stock In Treasury
Summary of common shares issued, treasury shares and shares outstanding
Balance at the beginning of the period (in shares)	(47,774,000)	(47,916,000)	(45,395,000)
Share repurchases (in shares)			(2,625,000)
Restricted stock and restricted stock units (in shares)	145,000	142,000	104,000
Balance at the end of the period (in shares)	(47,629,000)	(47,774,000)	(47,916,000)

- Definition

+ References+ Details

- Definition

Number of shares issued during the period related to Restricted Stock Awards, net of any shares forfeited.

+ References+ Details

- Definition

Number of share options (or share units) exercised during the current period.

+ References+ Details

Shareholders' Equity and Stock-Based Compensation (Details 4) (USD $) In Millions, except Share data, unless otherwise specified	1 Months Ended		12 Months Ended
	Mar. 31, 2011	Mar. 31, 2010	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Stock-based Compensation
Vesting period (in years)			3 years
Maximum period over which the fair value of restricted stock and restricted stock units are amortized (in years)			three years
Compensation expense			$ 39.2	$ 29.9	$ 26.5
Related tax benefit			14.7	11.1	10.0
Assumptions in determining the fair value of awards granted
Annual expected stock price volatility (as a percent)	61.00%	62.00%
Annual expected dividend yield (as a percent)	1.27%	1.64%
Risk free interest rate (as a percent)	1.03%	1.20%
Correlation between total shareholder return for SPX and S&P 500 Composite Index	0.7559	0.7250
Historical period upon which annual expected stock price volatility is based (in years)			three-year
Minimum daily treasury yield curve period upon which average risk-free interest rate is based (in years)			one-year
Maximum daily treasury yield curve period upon which average risk-free interest rate is based (in years)			three-year
2002 Stock Compensation Plan
Stock-based Compensation
Shares available for grant			5,000,000
Reduction of shares available for grant			2.5
2006 Non-Employee Directors' Stock Incentive Plan ("Directors' Plan")
Stock-based Compensation
Maximum common stock authorized for grant (in shares)			30,000
Stock Options granted to key employees
Stock-based Compensation
Classification of excess tax benefits from stock-based compensation as financing cash flows			$ 6.6	$ 4.2	$ 1.7
Vesting period (in years)			3 years
Maximum expiration period of stock options from date of grant (in years)			10
S&P 500 Composite Index
Stock-based Compensation
Portion of the grant that will vest if the Company outperforms the S&P composite index for the prior year			one-third
Assumptions in determining the fair value of awards granted
Annual expected stock price volatility (as a percent)	30.30%	30.80%
Risk free interest rate (as a percent)	1.03%	1.20%

Shareholders' Equity and Stock-Based Compensation (Details 5) (USD $) In Millions, except Share data in Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Stock option activity, Shares
Exercised (in shares)	(154)	(238)	(154)
Restricted stock and restricted stock units
Unvested Restricted Stock and Restricted Stock Units
Outstanding at the beginning of the period (in shares)	1,516	1,435	1,251
Granted (in shares)	836	738	667
Vested (in shares)	(636)	(626)	(429)
Forfeited (in shares)	(276)	(31)	(54)
Outstanding at the end of the period (in shares)	1,440	1,516	1,435
Weighted-Average Grant-Date Fair Value
Outstanding at the beginning of the period (in dollars per share)	$ 50.97	$ 51.75	$ 58.01
Granted (in dollars per share)	$ 62.72	$ 48.91	$ 33.42
Vested (in dollars per share)	$ 51.47	$ 50.46	$ 41.75
Forfeited (in dollars per share)	$ 67.21	$ 47.82	$ 54.61
Outstanding at the end of the period (in dollars per share)	$ 54.38	$ 50.97	$ 51.75
Unrecognized compensation cost
Unrecognized compensation cost related to restricted stock and restricted stock unit	$ 18.1
Weighted-average period over which unrecognized compensation costs will be recognized (in years)	1.5
Stock options
Stock option activity, Shares
Options outstanding and exercisable at the beginning of the period (in shares)	635	881	1,308
Exercised (in shares)	(154)	(238)	(154)
Terminated (in shares)	(117)	(8)	(273)
Options outstanding and exercisable at the end of the period (in shares)	364	635	881
Weighted-average Exercise Price
Options outstanding and exercisable at the beginning of the period (in dollars per share)	$ 63.82	$ 59.86	$ 64.89
Exercised (in dollars per share)	$ 65.44	$ 48.21	$ 39.69
Terminated (in dollars per share)	$ 89.10	$ 90.23	$ 94.80
Options outstanding and exercisable at the end of the period (in dollars per share)	$ 54.87	$ 63.82	$ 59.86
Stock option outstanding and exercisable
Weighted average remaining term of stock options outstanding and exercisable at the end of the period (in years)	0.5
Number of in-the-money options exercisable (in shares)	178
Aggregate intrinsic value of options outstanding and exercisable (in dollars)	3.8
Aggregate intrinsic value of options exercised	$ 2.5	$ 4.1	$ 2.7

Shareholders' Equity and Stock-Based Compensation (Details 6) (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended			1 Months Ended	12 Months Ended
	Dec. 31, 2009	Dec. 31, 2011	Dec. 31, 2010	Feb. 29, 2012 Common Stock In Treasury	Dec. 31, 2009 Common Stock In Treasury
Common stock repurchased (in shares)	2,625,000				2,625,000
Total cash consideration paid for common stock repurchased	$ 113.2				$ 113.2
Authorized repurchase amount under a written trading plan				350.0
Stock that may be repurchased prior to the completion of sale of Service Solutions Business				$ 75.0
Preferred Stock
Authorized no par value preferred stock (in shares)	3,000,000	3,000,000	3,000,000

- Definition

The cash outflow to reacquire common stock during the period.

+ References+ Details

Fair Value (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended			3 Months Ended		12 Months Ended															12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2011 SPX Heat Transfer Inc.	Jul. 02, 2011 SPX Heat Transfer Inc.	Dec. 31, 2011 SPX Heat Transfer Inc.	Dec. 31, 2009 Service Solutions	Dec. 31, 2011 Industrial Products and Services	Dec. 31, 2009 Industrial Products and Services	Dec. 31, 2011 Thermal Equipment and Services reportable segment	Dec. 31, 2010 Thermal Equipment and Services reportable segment	Dec. 31, 2009 Thermal Equipment and Services reportable segment	Dec. 31, 2011 Quoted Prices in Active Markets for Identical Assets (Level 1) Current assets	Dec. 31, 2010 Quoted Prices in Active Markets for Identical Assets (Level 1) Current assets	Dec. 31, 2011 Significant Observable Inputs (Level 2) Current assets	Dec. 31, 2010 Significant Observable Inputs (Level 2) Current assets	Dec. 31, 2011 Significant Observable Inputs (Level 2) Current liabilities - FX forward contracts and FX embedded derivatives	Dec. 31, 2010 Significant Observable Inputs (Level 2) Current liabilities - FX forward contracts and FX embedded derivatives	Dec. 31, 2011 Significant Observable Inputs (Level 2) Long-term liabilities - FX embedded derivatives	Dec. 31, 2010 Significant Observable Inputs (Level 2) Long-term liabilities - FX embedded derivatives	Dec. 31, 2009 Significant Unobservable Inputs (Level 3)	Dec. 31, 2011 Significant Unobservable Inputs (Level 3) Current assets	Dec. 31, 2010 Significant Unobservable Inputs (Level 3) Current assets
Assets and liabilities measured at fair value on a recurring basis
Certain investments in equity securities that are not readily marketable, fair value																						$ 7.8	$ 8.5
Fair value of derivative liability																	1.9	6.1	14.8	33.2
Goodwill, Impairment Loss	20.8			3.6	17.2	20.8	187.7			20.8
Indefinite-lived intangible assets impairment loss					7.5							6.1
Fair value of FX embedded derivatives, FX forward contracts and commodity contracts															1.2	4.1
Fair value of investment in equity securities and available-for-sale securities													5.2	12.8
Fair value of assets after impairment, held by a business			8.9
Impairment charges to write off the net book value of assets in connection with the closing of a facility	6.5
Reconciliation of investment in equity securities measured at fair value using significant unobservable inputs
Balance at beginning of year	8.5
Purchases		9.8
Losses included in income from discontinued operations	(0.7)	(1.3)
Balance at end of year	7.8	8.5
Fair value of assets and liabilities
Special charges relating to asset impairments	8.2	6.8	9.3		24.7			1.7	0.1		4.0	5.5
Impairment charges							1.0	0.8		7.5	1.7										188.7
Fair value of asset		4.7			22.6
Fair value of debt instruments	2,099.1
Carrying value of debt instruments	2,001.1
Pre-tax impairment charges recorded to Gain (loss) on disposition of discontinued operations, net of tax			$ 20.8

Quarterly Results (Unaudited) (Details) (USD $)	3 Months Ended								12 Months Ended
Quarterly Results (Unaudited) (Details) (USD $)	Dec. 31, 2011	Oct. 01, 2011 D	Jul. 02, 2011 D	Apr. 02, 2011 plan	Dec. 31, 2010	Oct. 02, 2010 D	Jul. 03, 2010 D	Apr. 03, 2010	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Quarterly Results (Unaudited)
Operating revenues	$ 1,263,700,000	$ 1,166,000,000	$ 1,136,800,000	$ 984,900,000	$ 1,115,900,000	$ 1,094,700,000	$ 989,900,000	$ 913,400,000	$ 4,551,400,000	$ 4,113,900,000	$ 4,175,100,000
Gross profit	347,000,000	323,600,000	314,400,000	292,800,000	334,700,000	327,700,000	301,100,000	270,800,000
Income from continuing operations	58,400,000	50,800,000	25,000,000	20,700,000	64,400,000	35,000,000	64,600,000	14,000,000	154,900,000	178,000,000	224,200,000
Income (loss) from discontinued operation, net of tax	5,100,000	11,500,000	10,000,000	4,100,000	(600,000)	4,700,000	13,400,000	7,300,000	30,700,000	24,800,000	(208,000,000)
Net income	63,500,000	62,300,000	35,000,000	24,800,000	63,800,000	39,700,000	78,000,000	21,300,000	185,600,000	202,800,000	16,200,000
Less: Net income (loss) attributable to noncontrolling interests	1,000,000	1,600,000	700,000	1,700,000	(1,500,000)	300,000	(800,000)	(800,000)	5,000,000	(2,800,000)	(15,500,000)
Net income attributable to SPX Corporation common shareholders	62,500,000	60,700,000	34,300,000	23,100,000	65,300,000	39,400,000	78,800,000	22,100,000	180,600,000	205,600,000	31,700,000
Basic earnings (loss) per share of common stock:
Continuing operations (in dollars per share)	$ 1.14	$ 0.97	$ 0.48	$ 0.38	$ 1.32	$ 0.70	$ 1.32	$ 0.30	$ 2.97	$ 3.64	$ 4.50
Discontinued operations, net of tax (in dollars per share)	$ 0.10	$ 0.23	$ 0.20	$ 0.08	$ (0.01)	$ 0.09	$ 0.27	$ 0.15	$ 0.61	$ 0.50	$ (3.86)
Net income (in dollars per share)	$ 1.24	$ 1.20	$ 0.68	$ 0.46	$ 1.31	$ 0.79	$ 1.59	$ 0.45	$ 3.58	$ 4.14	$ 0.64
Diluted earnings (loss) per share of common stock:
Continuing operations (in dollars per share)	$ 1.13	$ 0.97	$ 0.47	$ 0.37	$ 1.30	$ 0.69	$ 1.30	$ 0.29	$ 2.94	$ 3.59	$ 4.47
Discontinued operations, net of tax (in dollars per share)	$ 0.10	$ 0.23	$ 0.20	$ 0.08	$ (0.01)	$ 0.09	$ 0.27	$ 0.15	$ 0.60	$ 0.49	$ (3.83)
Net income per share attributable to SPX Corporation common shareholders (in dollars per share)	$ 1.23	$ 1.20	$ 0.67	$ 0.45	$ 1.29	$ 0.78	$ 1.57	$ 0.44	$ 3.54	$ 4.08	$ 0.64
Charges associated with restructuring initiatives	11,400,000	7,200,000	4,300,000	2,400,000	15,200,000	7,500,000	3,900,000	4,100,000
Income (expense) for foreign currency transactions and FX forward contracts and FX embedded derivatives	(4,800,000)	(30,900,000)	(3,500,000)	(2,200,000)	(4,900,000)	(6,900,000)	(2,900,000)	(12,800,000)
Impairment charges	3,600,000		24,700,000						28,300,000	1,700,000	6,100,000
Number of domestic pension plans amortized				1
Reduction in pension expense for each quarter	5,000,000	5,000,000	5,000,000	5,000,000
Tax credits related to expansion of power transformer facility in Waukesha, WI	4,000,000	2,000,000	900,000	800,000					7,700,000
Income tax benefit associated with the release of the valuation allowance on existing foreign tax credit carryforwards		27,800,000							27,800,000
Federal income taxes recorded in connection with plan to repatriate a portion of the earnings of a foreign subsidiary		6,900,000							6,900,000
Charge resulting from insolvency of insurance carrier for certain risk management matters	19,400,000
Charge associated with amounts that are deemed uncollectible from an insolvent insurer, portion recorded in other expense, net	18,200,000
Charge associated with amounts that are deemed uncollectible from an insolvent insurer, portion recorded in discontinued operations, net of tax	1,200,000
Decrease in incentive compensation expense for the fourth quarter of 2011 related to the fourth quarter of 2010	13,300,000
Domestic charge for the taxation of prescription drug costs for retirees that partially offset benefits								6,200,000		6,200,000
Income tax benefit resulting from settlement with taxing authority recorded in continuing operations							22,000,000			18,200,000
Income tax benefit resulting from settlement with taxing authority recorded in discontinued operations							7,300,000	(3,800,000)		7,300,000
Favorable impact effective income tax rate related to uncertain tax positions					16,000,000					16,000,000
Repatriation of foreign earnings that partially offset benefits					3,600,000					3,600,000
Number of days in the quarter		91	91			91	91
Sale of discontinued operations
Tax benefits associated with the conclusion of a Canadian appeals process			2,500,000						2,500,000
Industrial Products and Services
Quarterly Results (Unaudited)
Operating revenues									865,200,000	849,600,000	945,500,000
Sale of discontinued operations
Insurance recovery related to a product liability matter				6,300,000
Thermal Equipment and Services reportable segment
Quarterly Results (Unaudited)
Operating revenues									1,644,200,000	1,602,100,000	1,595,500,000
Sale of discontinued operations
Net charges associated with changes in cost estimates for certain contracts in South Africa	10,700,000
Clyde Union
Sale of discontinued operations
Charges associated with FX forward contracts used to hedge the acquisition purchase price	4,000,000	30,600,000
PSD Inc.
Sale of discontinued operations
Cash consideration received in sale of discontinued operation								3,000,000
Gain on sale, net of taxes								$ 3,600,000

New Accounting Pronouncements (Details)	12 Months Ended
New Accounting Pronouncements (Details)	Dec. 31, 2011
New Accounting Pronouncements
Minimum percentage of employers contribution for disclosure	5.00%
First level of multiemployer pension plan funding status required for disclosure (as a percent)	65.00%
Second level of multiemployer pension plan funding status required for disclosure (as a percent)	80.00%

Commitments, Contingent Liabilities and Other Matters (Details 3) (Site investigation and remediation)	Dec. 31, 2011 site
Site investigation and remediation
Environmental Matters
Number of sites	92
Number of third-party disposal sites for which entity is potentially responsible	28
Number of active sites	12

Summary of Significant Accounting Policies (Details 2) (Minimum)	12 Months Ended
	Dec. 31, 2011 Y
Minimum
Period for receivables to be collected which are not significant (in years)	1

Use Of Estimates (Details 2)	12 Months Ended
Use Of Estimates (Details 2)	Dec. 31, 2011 Y
Employee Benefit Plans
Amortization period of plan assets	5
Minimum
Income Taxes
The percentage used to determine whether a benefit is more likely than not to be sustained upon examination	50.00%