Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Dec. 31, 2012	Feb. 15, 2013	Jun. 29, 2012
Document and Entity Information
Entity Registrant Name	SPX CORP
Entity Central Index Key	0000088205
Document Type	10-K
Document Period End Date	Dec. 31, 2012
Amendment Flag	false
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			$ 3,235,230,700
Entity Common Stock, Shares Outstanding		46,985,608
Document Fiscal Year Focus	2012
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, 2012	Dec. 31, 2011	Dec. 31, 2010
Consolidated Statements of Operations
Revenues	$ 5,100.2	$ 4,536.9	$ 4,098.8
Costs and expenses:
Cost of products sold	3,725.2	3,262.2	2,867.2
Selling, general and administrative	1,020.9	911.3	858.2
Intangible amortization	35.1	23.3	20.7
Impairment of goodwill and other long-term assets	285.9	28.3	1.7
Special charges, net	24.1	25.3	30.7
Operating income	9.0	286.5	320.3
Other income (expense), net	14.0	(53.6)	(19.7)
Interest expense	(114.4)	(97.0)	(86.9)
Interest income	6.3	5.6	5.3
Loss on early extinguishment of interest rate protection agreements and term loan			(25.6)
Equity earnings in joint ventures	38.6	28.4	30.2
Income (loss) from continuing operations before income taxes	(46.5)	169.9	223.6
Income tax provision	(31.9)	(14.3)	(45.6)
Income (loss) from continuing operations	(78.4)	155.6	178.0
Income from discontinued operations, net of tax	27.0	29.7	13.1
Gain on disposition of discontinued operations, net of tax	313.4	0.3	11.7
Income from discontinued operations, net of tax	340.4	30.0	24.8
Net income	262.0	185.6	202.8
Less: Net income (loss) attributable to noncontrolling interests	2.8	5.0	(2.8)
Net income attributable to SPX Corporation common shareholders	259.2	180.6	205.6
Amounts attributable to SPX Corporation common shareholders:
Income (loss) from continuing operations, net of tax	(81.2)	150.6	180.8
Income from discontinued operations, net of tax	340.4	30.0	24.8
Net income	$ 259.2	$ 180.6	$ 205.6
Basic income (loss) per share of common stock:
Income (loss) from continuing operations attributable to SPX Corporation common shareholders (in dollars per share)	$ (1.62)	$ 2.98	$ 3.64
Income from discontinued operations attributable to SPX Corporation common shareholders (in dollars per share)	$ 6.80	$ 0.60	$ 0.50
Net income per share attributable to SPX Corporation common shareholders (in dollars per share)	$ 5.18	$ 3.58	$ 4.14
Weighted-average number of common shares outstanding - basic (in shares)	50,031	50,499	49,718
Diluted income (loss) per share of common stock:
Income (loss) from continuing operations attributable to SPX Corporation common shareholders (in dollars per share)	$ (1.62)	$ 2.96	$ 3.59
Income from discontinued operations attributable to SPX Corporation common shareholders (in dollars per share)	$ 6.80	$ 0.58	$ 0.49
Net income per share attributable to SPX Corporation common shareholders (in dollars per share)	$ 5.18	$ 3.54	$ 4.08
Weighted-average number of common shares outstanding - diluted (in shares)	50,031	50,946	50,347

Consolidated Statements of Comprehensive Income (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Consolidated Statements of Comprehensive Income
Net income	$ 262.0	$ 185.6	$ 202.8
Other comprehensive income (loss), net:
Pension liability adjustment, net of tax (provision) benefit of $44.2, $7.7 and $(1.4) in 2012, 2011 and 2010, respectively	(80.3)	(21.7)	28.9
Net unrealized gain (loss) on qualifying cash flow hedges, net of tax (provision) benefit of $(0.4), $0.7 and $(10.8) in 2012, 2011 and 2010, respectively	1.1	(1.1)	17.4
Net unrealized gain (loss) on available-for-sale securities	(1.6)	(7.6)	6.1
Foreign currency translation adjustments	99.0	(23.6)	(31.1)
Other comprehensive income (loss), net	18.2	(54.0)	21.3
Total comprehensive income	280.2	131.6	224.1
Less: Total comprehensive income (loss) attributable to noncontrolling interests	3.4	4.9	(2.5)
Total comprehensive income attributable to SPX Corporation common shareholders	$ 276.8	$ 126.7	$ 226.6

Consolidated Statements of Comprehensive Income (Parenthetical) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Consolidated Statements of Comprehensive Income
Pension liability adjustment, tax benefit (provision)	$ 44.2	$ 7.7	$ (1.4)
Net unrealized gain (loss) on qualifying cash flow hedges, tax benefit (provision)	$ (0.4)	$ 0.7	$ (10.8)

- 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, 2012	Dec. 31, 2011
Current assets:
Cash and equivalents	$ 984.1	$ 551.0
Accounts receivable, net	1,333.0	1,221.2
Inventories	555.6	587.2
Other current assets	149.9	131.8
Deferred income taxes	92.4	66.2
Assets of discontinued operations		731.6
Total current assets	3,115.0	3,289.0
Property, plant and equipment:
Land	45.4	48.4
Buildings and leasehold improvements	404.9	302.7
Machinery and equipment	806.9	774.5
Property, plant and equipment, gross	1,257.2	1,125.6
Accumulated depreciation	(512.2)	(476.1)
Property, plant and equipment, net	745.0	649.5
Goodwill	1,574.0	1,772.1
Intangibles, net	962.4	972.1
Other assets	733.7	709.1
TOTAL ASSETS	7,130.1	7,391.8
Current liabilities:
Accounts payable	571.4	640.8
Accrued expenses	996.6	977.3
Income taxes payable	126.5	26.7
Short-term debt	33.4	71.3
Current maturities of long-term debt	8.7	4.2
Liabilities of discontinued operations		241.7
Total current liabilities	1,736.6	1,962.0
Long-term debt	1,649.9	1,925.6
Deferred and other income taxes	251.1	131.1
Other long-term liabilities	1,212.5	1,135.8
Total long-term liabilities	3,113.5	3,192.5
Commitments and contingent liabilities (Note 14)
SPX Corporation shareholders' equity
Common stock (99,453,784 and 48,303,707 issued and outstanding at December 31, 2012, respectively, and 98,702,606 and 51,073,419 issued and outstanding at December 31, 2011, respectively)	998.9	993.6
Paid-in capital	1,553.7	1,502.2
Retained earnings	2,696.6	2,488.3
Accumulated other comprehensive loss	(228.9)	(246.5)
Common stock in treasury (51,150,077 and 47,629,187 shares at December 31, 2012 and 2011, respectively)	(2,751.6)	(2,510.3)
Total SPX Corporation shareholders' equity	2,268.7	2,227.3
Noncontrolling interests	11.3	10.0
Total equity	2,280.0	2,237.3
TOTAL LIABILITIES AND EQUITY	$ 7,130.1	$ 7,391.8

Consolidated Balance Sheets (Parenthetical)	Dec. 31, 2012	Dec. 31, 2011
Consolidated Balance Sheets
Common stock, shares issued	99,453,784	98,702,606
Common stock, shares outstanding	48,303,707	51,073,419
Common stock in treasury, shares	51,150,077	47,629,187

- 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	SPX Corporation Shareholders' Equity	Common Stock	Paid-In Capital	Retained Earnings	Accum. Other Comprehensive Income (Loss)	Common Stock In Treasury	Noncontrolling Interests
Balance at Dec. 31, 2009	$ 1,881.5	$ 1,870.8	$ 979.0	$ 1,425.7	$ 2,203.0	$ (213.6)	$ (2,523.3)	$ 10.7
Increase (Decrease) in Stockholders' 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 $0.5, $1.1 and $3.2 in 2012, 2011 and 2010, respectively	31.4	31.4	5.1	26.3
Amortization of restricted stock and restricted stock unit grants (includes $1.0, $2.2 and $1.2 related to discontinued operations for the years ended 2012, 2011 and 2010, respectively)	31.1	31.1		31.1
Restricted stock and restricted stock unit vesting, net of tax withholdings	(12.2)	(12.2)	2.6	(22.0)			7.2
Dividends attributable to noncontrolling interests	(2.6)							(2.6)
Other changes/charges in noncontrolling interests	0.7							0.7
Balance at Dec. 31, 2010	2,104.0	2,097.7	986.7	1,461.1	2,358.6	(192.6)	(2,516.1)	6.3
Increase (Decrease) in Stockholders' 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 $0.5, $1.1 and $3.2 in 2012, 2011 and 2010, respectively	29.0	29.0	4.3	24.7
Amortization of restricted stock and restricted stock unit grants (includes $1.0, $2.2 and $1.2 related to discontinued operations for the years ended 2012, 2011 and 2010, respectively)	41.4	41.4		41.4
Restricted stock and restricted stock unit vesting, net of tax withholdings	(16.6)	(16.6)	2.6	(25.0)			5.8
Dividends attributable to noncontrolling interests	(4.1)							(4.1)
Other changes/charges in noncontrolling interests	2.9							2.9
Balance at Dec. 31, 2011	2,237.3	2,227.3	993.6	1,502.2	2,488.3	(246.5)	(2,510.3)	10.0
Increase (Decrease) in Stockholders' Equity
Net income (loss)	262.0	259.2			259.2			2.8
Other comprehensive income (loss)	18.2	17.6				17.6		0.6
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 $0.5, $1.1 and $3.2 in 2012, 2011 and 2010, respectively	25.5	25.5	4.4	21.1
Amortization of restricted stock and restricted stock unit grants (includes $1.0, $2.2 and $1.2 related to discontinued operations for the years ended 2012, 2011 and 2010, respectively)	40.4	40.4		40.4
Restricted stock and restricted stock unit vesting, net of tax withholdings	(4.8)	(4.8)	0.9	(10.0)			4.3
Purchases of common stock	(245.6)	(245.6)					(245.6)
Dividends attributable to noncontrolling interests	(0.7)							(0.7)
Other changes/charges in noncontrolling interests	(1.4)							(1.4)
Balance at Dec. 31, 2012	$ 2,280.0	$ 2,268.7	$ 998.9	$ 1,553.7	$ 2,696.6	$ (228.9)	$ (2,751.6)	$ 11.3

Consolidated Statements of Equity (Parenthetical) (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
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	$ 0.5	$ 1.1	$ 3.2
Amortization of restricted stock and restricted stock unit grants related to discontinued operations	$ 1.0	$ 2.2	$ 1.2

- 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, 2012	Dec. 31, 2011	Dec. 31, 2010
Cash flows from operating activities:
Net income	$ 262.0	$ 185.6	$ 202.8
Less: Income from discontinued operations, net of tax	340.4	30.0	24.8
Income (loss) from continuing operations	(78.4)	155.6	178.0
Adjustments to reconcile income (loss) from continuing operations to net cash from operating activities
Special charges, net	24.1	25.3	30.7
Gain on sale of a business	(20.5)
Impairment of goodwill and other long-term assets	285.9	28.3	1.7
Loss on early extinguishment of interest rate protection agreements and term loan			25.6
Deferred and other income taxes	11.0	(35.7)	61.6
Depreciation and amortization	111.8	87.7	81.9
Pension and other employee benefits	58.3	56.5	68.4
Stock-based compensation	39.4	39.2	29.9
Other, net	8.4	9.0	14.7
Changes in operating assets and liabilities, net of effects from acquisitions and divestitures
Accounts receivable and other assets	(211.6)	(14.5)	(167.1)
Inventories	73.2	(73.2)	19.1
Accounts payable, accrued expenses and other	(196.8)	(2.3)	(106.5)
Cash spending on restructuring actions	(20.1)	(23.4)	(19.9)
Net cash from continuing operations	84.7	252.5	218.1
Net cash from (used in) discontinued operations	(14.9)	70.1	35.5
Net cash from operating activities	69.8	322.6	253.6
Cash flows from (used in) investing activities:
Proceeds from asset sales and other	19.1	1.1	9.6
(Increase) decrease in restricted cash	1.9	(0.4)	3.2
Business acquisitions and other investments, net of cash acquired	(34.3)	(747.5)	(114.8)
Capital expenditures	(84.3)	(147.0)	(70.9)
Net cash used in continuing operations	(97.6)	(893.8)	(172.9)
Net cash from (used in) discontinued operations (includes net cash proceeds from dispositions of $1,133.4 and $10.1 in 2012 and 2010, respectively)	1,128.3	(50.5)	(10.2)
Net cash from (used in) investing activities	1,030.7	(944.3)	(183.1)
Cash flows from (used in) financing activities:
Borrowings under senior credit facilities	1,065.0	1,881.1	164.0
Repayments under senior credit facilities	(1,421.9)	(1,050.0)	(825.5)
Borrowings under senior notes			600.0
Repayments of senior notes		(49.5)
Borrowing under trade receivables agreement	127.3	118.0	90.0
Repayments under trade receivables agreement	(127.3)	(118.0)	(112.0)
Net borrowings (repayments) under other financing arrangements	(8.6)	2.8
Purchases of common stock	(245.6)
Proceeds from the exercise of employee stock options and other, net of minimum withholdings paid on behalf of employees for net share settlements	5.3	0.1	3.5
Dividends paid (includes noncontrolling interest distributions of $0.7, $4.1 and $2.6 in 2012, 2011 and 2010, respectively)	(63.6)	(53.4)	(52.3)
Financing fees paid	(0.2)	(17.2)	(13.0)
Net cash from (used in) continuing operations	(669.6)	713.9	(145.3)
Net cash used in discontinued operations			(1.7)
Net cash from (used in) financing activities	(669.6)	713.9	(147.0)
Change in cash and equivalents due to changes in foreign currency exchange rates	2.2	3.4	9.0
Net change in cash and equivalents	433.1	95.6	(67.5)
Consolidated cash and equivalents, beginning of period	551.0	455.4	522.9
Consolidated cash and equivalents, end of period	984.1	551.0	455.4
Cash and equivalents of continuing operations	984.1	551.0	455.4
Supplemental disclosure of cash flow information:
Interest paid	102.0	90.1	73.9
Income taxes paid, net of refunds of $10.3, $54.7 and $25.9 in 2012, 2011 and 2010, respectively	59.3		30.0
Non-cash investing and financing activity:
Debt assumed	$ 61.5	$ 19.9	$ 3.9

Consolidated Statements of Cash Flows (Parenthetical) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Consolidated Statements of Cash Flows
Discontinued operations, net cash proceeds from dispositions	$ 1,133.4		$ 10.1
Dividends paid, noncontrolling interest distributions	0.7	4.1	2.6
Income tax refunds	$ 10.3	$ 54.7	$ 25.9

- 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, 2012

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 Financial Accounting Standards Board 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 income (expense), net," with the related net losses totaling $12.4, $41.4 and $27.5, in 2012, 2011 and 2010, 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 (e.g., FOB shipping point) or upon receipt by the customer (e.g., 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 $1,594.7, $1,457.5 and $1,319.0 in revenues under the percentage-of-completion method for the years ended December 31, 2012, 2011 and 2010, respectively. Costs and estimated earnings on uncompleted contracts, from their inception, and related amounts billed as of December 31, 2012 and 2011 were as follows:

	2012			2011

Costs incurred on uncompleted contracts	$	3,363.0		$	2,783.5
Estimated earnings to date		804.8			750.6

		4,167.8			3,534.1
Less: Billings to date		(4,066.7	)		(3,514.4	)

		101.1			19.7
Net costs and estimated earnings in excess of billings assumed in the acquisition of Clyde Union (Holdings) S.A.R.L. ("Clyde Union")		10.0			57.2

Net costs and estimated earnings in excess of billings	$	111.1		$	76.9

These amounts are included in the accompanying consolidated balance sheets at December 31, 2012 and 2011 as shown below. Amounts for billed retainages and receivables to be collected in excess of one year are not significant for the periods presented.

	2012			2011

Costs and estimated earnings in excess of billings⁽¹⁾	$	359.7		$	355.9
Billings in excess of costs and estimated earnings on uncompleted contracts⁽²⁾		(248.6	)		(279.0	)

Net costs and estimated earnings in excess of billings	$	111.1		$	76.9

⁽¹⁾: The December 31, 2012 and 2011 balances are reported as a component of "Accounts receivable, net."
⁽²⁾: The December 31, 2012 and 2011 balances include $248.4 and $275.4 reported as a component of "Accrued expenses," respectively, and $0.2 and $3.6 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. We amortize these costs over the economic life of the related products and 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 $53.4, $52.7 and $47.2 in 2012, 2011 and 2010, 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 40.0 years for buildings and range from 3.0 to 15.0 years for machinery and equipment. Depreciation expense was $76.0, $64.3 and $62.4 for the years ended December 31, 2012, 2011 and 2010, 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 2012, 2011 and 2010 totaled $0.5, $1.3 and $3.9, respectively.

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 consolidated 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, 2012

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 consolidated 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,

	2012			2011			2010
Balance at beginning of year	$	41.3		$	44.3		$	44.6
Acquisitions		2.8			1.2			1.1
Allowances provided		28.0			17.8			18.9
Write-offs, net of recoveries and credits issued		(21.5	)		(22.0	)		(20.3	)

Balance at end of year	$	50.6		$	41.3		$	44.3

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 2012, 2011 and 2010.

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, 2012 and 2011.

	December 31,

	2012		2011
Employee benefits	$	187.9	$	181.3
Unearned revenue⁽¹⁾		476.4		481.7
Warranty		50.5		46.2
Other⁽²⁾		281.8		268.1

Total	$	996.6	$	977.3

⁽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 include, 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,

	2012			2011			2010
Balance at beginning of year	$	56.3		$	47.4		$	49.0
Acquisitions		3.7			7.7			1.7
Provisions		25.3			21.5			20.3
Usage		(24.7	)		(20.3	)		(23.6	)

Balance at end of year		60.6			56.3			47.4
Less: Current portion of warranty		50.5			46.2			38.9

Non-current portion of warranty	$	10.1		$	10.1		$	8.5

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. When we believe that it is more likely than not that we will not realize a benefit for a deferred tax asset, we establish a valuation allowance against it. 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 — Defined benefit plans 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
New Accounting Pronouncements	Dec. 31, 2012
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 September 2009, the Financial Accounting Standards Board ("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 May 2011, the FASB issued guidance to develop a single, converged fair value framework, amend the requirements of fair value measurement and enhance related disclosure requirements, particularly for recurring Level 3 fair value measurements. This guidance clarifies the concepts of (i) the highest and best use and valuation premise for nonfinancial assets, (ii) application to financial assets and financial liabilities with offsetting positions in market risks or counterparty credit risk, (iii) premiums or discounts in fair value measurements and (iv) fair value measurement of an instrument classified in a reporting entity's shareholders' equity. The guidance is effective for interim and annual reporting periods in fiscal years beginning after December 15, 2011, and must be applied prospectively. We adopted the guidance on January 1, 2012 with no material impact on our consolidated financial statements. 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. We retrospectively applied this guidance for all periods presented within this Form 10-K, 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. We adopted the guidance for the year ended December 31, 2012, with no material impact on our 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. In July 2012, the FASB issued an amendment to guidance related to testing indefinite-lived intangible assets, other than goodwill, for impairment. Under the revised guidance, entities testing such assets for impairment have the option of first performing a qualitative assessment to determine whether it is more likely than not that the carrying amount of an indefinite-lived intangible asset exceeds its fair value. If an entity determines, on the basis of qualitative factors, that it is more likely than not that the indefinite-lived intangible asset is impaired, then the entity shall calculate the fair value of the intangible asset and perform the quantitative impairment test in accordance with the Intangibles — Goodwill and Other Topic of the Codification. The amendment is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. 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 Formation of Shanghai Electric JV

12 Months Ended

Dec. 31, 2012

Acquisitions, Discontinued Operations and Formation of Shanghai Electric JV

Acquisitions, Discontinued Operations and Formation of Shanghai Electric JV

(4) Acquisitions, Discontinued Operations and Formation of Shanghai Electric JV

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, 2012, 2011 and 2010 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 — 2012

On March 21, 2012, our Flow Technology reportable segment completed the acquisition of Seital S.r.l. ("Seital"), a supplier of disk centrifuges (separators and clarifiers) to the global food and beverage, biotechnology, pharmaceutical and chemical industries, for a purchase price of $28.8, net of cash acquired of $2.5 and including debt assumed of $0.8. Seital had revenues of approximately $14.0 in the twelve months prior to the date of acquisition. The pro forma effects of the acquisition of Seital were not material, individually or in the aggregate, to our consolidated results of operations.

Acquisitions — 2011

On December 22, 2011, our Flow Technology reportable segment completed the acquisition of Clyde Union, a global supplier of pump technologies utilized in oil and gas processing, power generation and other industrial applications for 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 GBP 0.0 or more than GBP 250.0. Although we are still in the process of completing the earn-out procedure as set forth in the purchase agreement, no liability for an earn-out payment has been provided in the accompanying consolidated balance sheets because, based on projected and actual operating results throughout the year, we have not expected, and do not expect, Clyde Union to achieve the required minimum Annual 2012 Group EBITDA.

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 sellers of Clyde Union also contributed GBP 25.0 of cash to the acquired business at the time of sale.

The following is a summary of the recorded fair values of the assets acquired and liabilities assumed for Clyde Union at the date of acquistion, and reflects acquisition accounting adjustments recorded during 2012:


Assets acquired:
Current assets, including cash and equivalents of $44.3	$	354.1
Property, plant and equipment		89.8
Goodwill		377.2
Intangible assets		374.6
Other assets		25.1

Total assets acquired		1,220.8

Liabilities assumed:
Current liabilities		287.0
Other long-term liabilities		165.0

Total liabilities assumed		452.0

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, $3.3, $234.4 and $60.1, respectively. The customer lists, customer relationships and technology assets are being amortized over 2.0, 30.0 and 27.0 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 $152.1, which had a fair value on acquisition date of $148.2 based on our estimates of cash flows expected to be recovered.

The following unaudited pro forma information presents our after-tax 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 that 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.

	December 31, Year Ended

	2011		2010
Revenues	$	4,971.1	$	4,502.2
Income from continuing operations attributable to SPX Corporation common shareholders		158.5		195.3
Net income attributable to SPX Corporation common shareholders		188.5		220.1
Income from continuing operations:
Basic	$	3.14	$	3.93
Diluted	$	3.11	$	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 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 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 consolidated results of operations in any period.

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 consolidated results of operations in any period.

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

TPS Tianyu Equipment Co., Ltd. ("Tianyu")	Q4 2012	Q4 2012
Weil-McLain (Shandong) Cast-Iron-Boiler Co., Ltd. ("Weil-McLain Shandong")	Q4 2012	Q4 2012
SPX Service Solutions ("Service Solutions")	Q1 2012	Q4 2012
Cooling Spain Packaging business ("Cooling Spain")	Q4 2010	Q4 2010
P.S.D., Inc. ("PSD")	Q2 2009	Q1 2010

Tianyu — Sold for cash consideration of one RMB (exclusive of cash transferred with the business of $1.1), resulting in a loss, net of taxes, of $1.8 during 2012.

Weil McLain Shandong — Sold for cash consideration of $2.7 (exclusive of cash transferred with the business of $3.1), resulting in gain, net of taxes, of $2.2 during 2012.

Service Solutions — Sold to Robert Bosch GmbH for cash consideration of $1,134.9, resulting in a gain, net of taxes, of $313.4 during 2012.

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 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.

In addition to the businesses discussed above, we recognized net gains (losses) of $(0.4), $0.4 and $2.7 during 2012, 2011 and 2010, respectively, resulting from adjustments to gains/losses on businesses that we sold (and included in discontinued operations) prior to 2010.

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 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.

For 2012, 2011 and 2010, income from discontinued operations and the related income taxes are shown below:

	Year ended December 31,

	2012			2011			2010
Income from discontinued operations	$	600.0		$	46.8		$	19.9
Income tax (expense) benefit		(259.6	)		(16.8	)		4.9

Income from discontinued operations, net	$	340.4		$	30.0		$	24.8

For 2012, 2011 and 2010, results of operations from our businesses reported as discontinued operations were as follows:

	Year ended December 31,

	2012		2011		2010
Revenues	$	825.0	$	925.0	$	793.9
Pre-tax income		44.4		49.8		20.6

The major classes of assets and liabilities, excluding intercompany balances, of the businesses reported as discontinued operations included in the accompanying December 31, 2011 consolidated balance sheet are shown below:


Assets:
Accounts receivable, net	$	195.1
Inventories		132.4
Other current assets		10.4
Property, plant and equipment, net		49.2
Goodwill and intangibles, net		285.8
Other assets		58.7

Assets of discontinued operations	$	731.6

Liabilities:
Accounts payable	$	111.9
Accrued expenses		114.1
Income taxes payable		1.5
Deferred and other income taxes		6.6
Other liabilities		7.6

Liabilities of discontinued operations	$	241.7

Formation of Shanghai Electric JV

On December 30, 2011, we and Shanghai Electric Group Co., Ltd. established the Shanghai Electric JV, a joint venture supplying dry cooling and moisture separator reheater products and services to the power sector in China and 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 a 45% ownership interest in the joint venture and cash payments of RMB 96.7, with RMB 51.5 received in January, 2012, RMB 25.8 received in December, 2012, and the remaining RMB payment contingent upon the joint venture achieving defined sales order volumes. In addition, we have licensed our dry cooling and moisture separator reheater technologies to the joint venture, for which we are receiving a royalty. We also are continuing 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 determined that this transaction met 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. We recorded the net gain associated with this transaction of $20.5 in the first quarter of 2012, with such gain included in "Other income (expense), net."

Information on Reportable Segments and Other Operating Segments

12 Months Ended

Dec. 31, 2012

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 supplier of highly specialized, engineered solutions with operations in over 35 countries and sales in over 150 countries around the world. Many of our products and innovative solutions are playing a role in helping to meet rising global demand for power and energy and processed foods and beverages, particularly in emerging markets. In 2012, an estimated 30% of our revenues were from sales into emerging markets. Our key products include processing systems and equipment for the food and beverage industry, reciprocating pumps used in oil & gas processing, power transformers used by utility companies, and cooling systems for power plants.

We aggregate certain of our operating segments into our two reportable segments, Flow Technology and Thermal Equipment and Services, while our remaining operating segments, which do not meet the quantitative threshold criteria of the Segment Reporting Topic of the Codification, have been combined within our "All Other" category, which we refer to as Industrial Products and Services. This is not considered a reportable segment.

The factors considered in determining our aggregated 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 used to process, blend, filter, dry, meter and transport fluids with a focus on original equipment installation and turnkey projects as well as comprehensive aftermarket support services. Primary offerings include engineered pumps, valves, mixers, heat exchangers, and dehydration and filtration technologies. Global end markets, including food and beverage, power and energy and general industrial processing are served by core brands, such as SPX Flow Technology, APV, ClydeUnion, e&e, Seital, Lightnin, Waukesha Cherry-Burrell, Anhydro, Bran&Luebbe, Copes-Vulcan, Johnson Pump, M&J Valves, Plenty, Hankison, Gerstenberg Schröder, GD Engineering, Dollinger Filtration, Pneumatic Products, Delair, Deltech and Jemaco. Competitors in these diversified end markets include GEA Group AG, Flowserve, Alfa Laval AB, Sulzer and IDEX Corporation. Channels to market consist of stocking distributors, manufacturers' representatives and direct sales. The segment continues to focus on innovation and new product development, 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 reportable segment engineers, manufactures and services thermal heat transfer products. Primary offerings include dry, evaporative and hybrid cooling systems, rotating and stationary heat exchangers and pollution control systems for the power generation, HVAC and industrial markets, as well as boilers and heating and ventilation products for the commercial and residential markets. The primary distribution channels for the Thermal Equipment and Services segment are direct to customers, independent manufacturing representatives, third-party distributors and retailers. The segment has a balanced presence geographically, with a strong presence in North America, Europe and South Africa.

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, 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, 2012, 2011 and 2010 were as follows:

	2012		2011		2010

Revenues:
Flow Technology reportable segment	$	2,682.2	$	2,042.0	$	1,662.2
Thermal Equipment and Services reportable segment		1,490.9		1,636.4		1,593.2
Industrial Products and Services		927.1		858.5		843.4

Total	$	5,100.2	$	4,536.9	$	4,098.8

Income:
Flow Technology reportable segment	$	285.1	$	268.4	$	215.6
Thermal Equipment and Services reportable segment		106.7		142.5		194.2
Industrial Products and Services		114.1		109.7		123.4

Total income for reportable and other operating segments		505.9		520.6		533.2
Corporate expense		108.8		105.9		98.4
Pension and postretirement expense		38.7		35.4		52.2
Stock-based compensation expense		39.4		39.2		29.9
Special charges, net		24.1		25.3		30.7
Impairment of goodwill and other long-term assets		285.9		28.3		1.7

Consolidated operating income	$	9.0	$	286.5	$	320.3

Capital expenditures:
Flow Technology reportable segment	$	25.6	$	59.6	$	23.2
Thermal Equipment and Services reportable segment		10.9		12.2		13.0
Industrial Products and Services		21.9		60.1		14.4
General corporate		25.9		15.1		20.3

Total	$	84.3	$	147.0	$	70.9

Depreciation and amortization:
Flow Technology reportable segment	$	63.8	$	41.1	$	36.5
Thermal Equipment and Services reportable segment		22.0		24.0		24.2
Industrial Products and Services		19.9		15.6		15.4
General corporate		6.1		7.0		5.8

Total	$	111.8	$	87.7	$	81.9

Identifiable assets:
Flow Technology reportable segment	$	3,611.2	$	3,359.9	$	2,098.0
Thermal Equipment and Services reportable segment		1,445.4		1,820.5		1,804.1
Industrial Products and Services		794.4		774.3		664.4
General corporate		1,279.1		705.5		729.2
Discontinued operations		—		731.6		697.6

Total	$	7,130.1	$	7,391.8	$	5,993.3

Geographic Areas:

Revenues:⁽¹⁾
United States	$	2,436.4	$	2,237.7	$	2,024.1
Germany		358.5		387.6		413.4
China		232.3		263.0		347.8
South Africa		322.4		281.4		241.5
United Kingdom		545.2		239.7		219.1
Other		1,205.4		1,127.5		852.9

	$	5,100.2	$	4,536.9	$	4,098.8

Tangible Long-Lived Assets:
United States	$	1,168.5	$	1,075.1	$	854.8
Other		310.2		283.5		238.6

Long-lived assets of continuing operations		1,478.7		1,358.6		1,093.4
Long-lived assets of discontinued operations		—		107.9		117.3

Total tangible long-lived assets	$	1,478.7	$	1,466.5	$	1,210.7

⁽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, 2012

Special Charges, Net

Special Charges, Net

(6) Special Charges, Net

As part of our business strategy, we periodically 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, and are designed to achieve our goals of increasing outsourcing, reducing structural footprint and maximizing profitability. As a result of our strategic review process, we recorded net special charges of $24.1 in 2012, $25.3 in 2011 and $30.7 in 2010. 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, 2012, 2011 and 2010 are described in more detail below and in the applicable sections that follow.

	2012			2011		2010

Employee termination costs	$	22.5		$	11.5	$	18.4
Facility consolidation costs		2.6			5.5		4.0
Other cash costs (recoveries), net		(4.4	)		0.1		1.5
Non-cash asset write-downs		3.4			8.2		6.8

Total	$	24.1		$	25.3	$	30.7

2012 Charges:

	Employee Termination Costs			Facility Consolidation Costs		Other Cash Costs (Recoveries), Net			Non-Cash Asset Write-downs		Total Special Charges

Flow Technology reportable segment	$	16.2		$	1.8	$	—		$	0.9	$	18.9
Thermal Equipment and Services reportable segment		5.7			0.2		0.1			1.6		7.6
Industrial Products and Services		(0.1	)		0.5		—			0.6		1.0
Corporate		0.7			0.1		(4.5	)		0.3		(3.4	)

Total	$	22.5		$	2.6	$	(4.4	)	$	3.4	$	24.1

Flow Technology reportable segment — Charges for 2012 related primarily to cost reduction initiatives for the segment's components business in Europe and at locations in Canada and Denmark, as well as costs associated with the relocation of the segment's America's Shared Service Center from Des Plaines, IL to Charlotte, NC, the integration of Clyde Union, and the reorganization of the segment's systems business, including asset impairment charges of $0.9. Once completed, these activities will have resulted in the termination of 319 employees.

Thermal Equipment and Services reportable segment — Charges for 2012 related primarily to costs associated with restructuring initiatives at various locations in China and Europe, including asset impairment charges totaling $1.6, and severance costs associated with transferring certain functions of our boiler and heating products business to a location in Chicago, IL. These activities are expected to result in the termination of 195 employees.

Industrial Products and Services — Charges for 2012 related primarily to asset impairment charges of $0.6.

Corporate — Charges for 2012 included a gain of $4.8 on the sale of land rights in Shanghai, China, for which the related costs previously had been written-off. This gain was offset partially by costs associated with consolidating certain corporate functions and our legal entity reduction initiative.

As it relates to plans approved as of December 31, 2012, expected charges still to be incurred are less than $1.0.

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.

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.

The following is an analysis of our restructuring and integration liabilities for the years ended December 31, 2012, 2011 and 2010:

	December 31,

	2012			2011			2010
Balance at beginning of year	$	11.0		$	17.6		$	19.5
Special charges — cash⁽¹⁾		25.5			17.1			23.9
Utilization — cash		(20.1	)		(23.4	)		(19.9	)
Currency translation adjustment and other		—			(0.3	)		(5.9	)

Ending balance	$	16.4		$	11.0		$	17.6

⁽¹⁾: The years ended December 31, 2012, 2011 and 2010 exclude $3.4, $8.2 and $6.8, respectively, of non-cash special charges that impact special charges but not the restructuring and integration related liabilities, as well as a gain of $4.8 on the sale of land rights in Shanghai, China.

Inventories

12 Months Ended

Dec. 31, 2012

Inventories

Inventories

(7) Inventories

Inventories at December 31, 2012 and 2011 comprise the following:

	December 31,

	2012			2011
Finished goods	$	131.1		$	162.4
Work in process		186.0			177.6
Raw materials and purchased parts		261.1			270.2

Total FIFO cost		578.2			610.2
Excess of FIFO cost over LIFO inventory value		(22.6	)		(23.0	)

Total inventories	$	555.6		$	587.2

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 19% and 15% of total inventory at December 31, 2012 and 2011, 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 $4.1 and $3.7 at December 31, 2012 and 2011, respectively. During 2012 and 2011, inventory reduction at certain businesses 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 $0.1 and $1.2 during the years ended December 31, 2012 and 2011, 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, 2012

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 for the year ended December 31, 2012, were as follows:

	December 31, 2011			Goodwill resulting from business combinations		Impairments(1)			Foreign Currency Translation and other(2)			December 31, 2012

Flow Technology reportable segment
Gross goodwill	$	1,019.9		$	14.6	$	—		$	80.1		$	1,114.6
Accumulated impairments		—			—		—			—			—

Goodwill		1,019.9			14.6		—			80.1			1,114.6

Thermal Equipment and Services reportable segment
Gross goodwill		586.6			—		—			(22.9	)		563.7
Accumulated impairments		(125.3	)		—		(270.4	)		—			(395.7	)

Goodwill		461.3			—		(270.4	)		(22.9	)		168.0

Industrial Product and Services
Gross goodwill		450.6			—		—			2.4			453.0
Accumulated impairments		(159.7	)		—		—			(1.9	)		(161.6	)

Goodwill		290.9			—		—			0.5			291.4

Total
Gross goodwill		2,057.1			14.6		—			59.6			2,131.3
Accumulated impairments		(285.0	)		—		(270.4	)		(1.9	)		(557.3	)

Goodwill	$	1,772.1		$	14.6	$	(270.4	)	$	57.7		$	1,574.0

⁽¹⁾: Recorded an impairment charge of $270.4 during the year ended December 31, 2012 related to our Cooling Equipment and Services ("Cooling") reporting unit.
⁽²⁾: Includes adjustments resulting from revision to estimates of fair value of certain assets and liabilities associated with Clyde Union and other acquisitions of $73.6 and foreign currency translation adjustments of $8.4, partially offset by the allocation of goodwill of $24.3 related to the deconsolidation of our dry cooling products business in China (see Note 4).

The changes in the carrying amount of goodwill, by reportable segment and our other operating segments for the year ended December 31, 2011, were as follows:

	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	$	702.7		$	324.8	$	—		$	(7.6	)	$	1,019.9
Accumulated impairments		—			—		—			—			—

Goodwill		702.7			324.8		—			(7.6	)		1,019.9

Thermal Equipment and Services reportable segment
Gross goodwill		591.5			—		—			(4.9	)		586.6
Accumulated impairments		(104.5	)		—		(20.8	)		—			(125.3	)

Goodwill		487.0			—		(20.8	)		(4.9	)		461.3

Industrial Product and Services
Gross goodwill		451.5			—		—			(0.9	)		450.6
Accumulated impairments		(159.8	)		—		—			0.1			(159.7	)

Goodwill		291.7			—		—			(0.8	)		290.9

Total
Gross goodwill		1,745.7			324.8		—			(13.4	)		2,057.1
Accumulated impairments		(264.3	)		—		(20.8	)		0.1			(285.0	)

Goodwill	$	1,481.4		$	324.8	$	(20.8	)	$	(13.3	)	$	1,772.1

⁽¹⁾: Recorded an impairment charge of $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 of $3.8 and foreign currency translation adjustments of $9.5.

Identifiable intangible assets comprised the following:

	December 31, 2012							December 31, 2011

	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Intangible assets with determinable lives:
Patents	$	8.6	$	(8.0	)	$	0.6	$	8.5	$	(7.6	)	$	0.9
Technology		190.5		(41.7	)		148.8		182.2		(30.5	)		151.7
Customer relationships		420.6		(63.6	)		357.0		400.4		(44.7	)		355.7
Other:		33.4		(18.0	)		15.4		38.3		(10.9	)		27.4

		653.1		(131.3	)		521.8		629.4		(93.7	)		535.7
Trademarks with indefinite lives:⁽¹⁾		440.6		—			440.6		436.4		—			436.4

Total	$	1,093.7	$	(131.3	)	$	962.4	$	1,065.8	$	(93.7	)	$	972.1

⁽¹⁾: Recorded impairment charges during 2012 of $4.5 associated with two businesses within our Thermal Equipment and Services reportable segment and impairment charges during 2011 of $7.5 and $0.8 associated with businesses within our Thermal Equipment and Service reportable segment and Industrial Products and Services, respectively.

Amortization expense was $35.1, $23.3 and $20.7 for the years ended December 31, 2012, 2011 and 2010, respectively. Estimated amortization expense related to these intangible assets is $36.9 in 2013, $30.6 in 2014, $30.2 in 2015, $29.9 in 2016, and $29.9 in 2017.

At December 31, 2012, the net carrying value of intangible assets with determinable lives consisted of $459.7 in the Flow Technology reportable segment, $52.4 in the Thermal Equipment and Services reportable segment, and $9.7 in Industrial Products and Services. Trademarks with indefinite lives consisted of $290.5 in the Flow Technology reportable segment, $134.6 in the Thermal Equipment and Services reportable segment, and $15.5 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 testing during the fourth quarter of 2011, we estimated that the fair value of our Cooling Equipment and Services ("Cooling") reporting unit was approximately 5% higher than the carrying value of its net assets as its projected, near-term cash flows were being negatively impacted by the challenging conditions within the power generation end-markets in which the business participates. During the first three quarters of 2012, orders and operating results remained below historical levels. Despite an improvement in order levels and profitability during the fourth quarter of 2012, our current cash flow estimates for the business, based on the related 2013 operating plan that was completed by the end of 2012, as well as other market related data, indicate that the current estimated fair value of the business is below the carrying value of its net assets. As a result, we estimated the implied fair value of Cooling's goodwill, which resulted in an impairment charge related to such goodwill of $270.4. The impairment charge of $270.4 is composed of (i) a $125.8 difference between the estimated fair value of Cooling compared to the carrying value of its net assets and (ii) an allocation to certain tangible and intangible assets of $144.6 for the estimated increases in fair value for these assets solely for purposes of applying the impairment provisions of the Intangible — Goodwill and Other Topic of the Codification. After the impairment charge, goodwill for the Cooling reporting unit totaled $82.9 as of December 31, 2012. The estimated fair value for each of our other reporting units with goodwill, except for Clyde Union, exceeded the carrying value of their respective net assets by at least 20.0%. The estimated fair value of Clyde Union exceeded the carrying value of its net assets by approximately 2.0%, while the total goodwill for Clyde Union was $381.7 at December 31, 2012. A change in any of the assumptions used in testing Clyde Union's goodwill for impairment (e.g., projected revenue and profit growth rates, discount rate, expected control premium, etc.) could result in Clyde Union's estimated fair value being less than the carrying value of its net assets. For example, a one-hundred basis point increase in the discount rate used in determining Clyde Union's discounted cash flows would result in Clyde Union's fair value being approximately $66.0 lower than the carrying value of its net assets. If Clyde Union is unable to achieve the financial forecasts included in its 2012 annual goodwill impairment analysis, we may be required to record an impairment charge in a future period related to Clyde Union's goodwill.

In addition to the goodwill impairment charge of $270.4, we also recorded an impairment charge of $11.0 in 2012 related to certain long-term assets of our Cooling reporting unit. Lastly, we recorded impairment charges of $4.5 in 2012 related to trademarks for two other businesses within our Thermal Equipment and Services reportable segment.

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.

- 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, 2012

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, 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, 2012, 2011 and 2010 were as follows:

	2012		2011		2010

Net sales	$	527.0	$	495.3	$	445.4
Gross profit		221.9		201.5		189.2
Net income		87.9		63.7		62.7
Capital expenditures		12.0		16.7		11.9
Depreciation and amortization		10.4		10.3		9.6
Dividends received by SPX		35.2		29.4		30.3
Undistributed earnings attributable to SPX Corporation		8.4		4.6		5.5
SPX's equity earnings in EGS		39.0		28.7		28.8

Condensed balance sheet information of EGS as of September 30, 2012 and 2011 was as follows:

	2012		2011

Current assets	$	183.5	$	179.7
Non-current assets		339.6		342.5
Current liabilities		116.9		128.0
Non-current liabilities		33.0		30.1

The carrying value of our investment in EGS was $73.5 and $68.9 at December 31, 2012 and 2011, 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 $82.9 at December 31, 2012. 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.

The financial position, results of operations and cash flows of our other equity method investments are not material, on an individual or aggregate basis, in relation to our consolidated financial statements.

- 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, 2012

Employee Benefit Plans

Employee Benefit Plans

(10) Employee Benefit Plans

Overview — Defined benefit pension plans 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, 2012 and 2011.

Actual asset allocation percentages of each class of our domestic and foreign pension plan assets as of December 31, 2012 and 2011, 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

	2012			2011			2012
Global equities		12	%		16	%		20	%
Global equity common trust funds		28	%		27	%		30	%
Fixed income common trust funds		29	%		27	%		20	%
Commingled global fund allocations		26	%		25	%		30	%
Short term investments⁽¹⁾		4	%		4	%		0	%
Other⁽²⁾		1	%		1	%		0	%

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, 2012 and 2011 comprised primarily insurance contracts, private equity and publicly traded real estate trusts.

Foreign Pension Plans

	Actual Allocations						Mid-point of Target Allocation Range

	2012			2011			2012
Global equity common trust funds		38	%		38	%		43	%
Fixed income common trust funds		40	%		40	%		30	%
Non-U.S. Government securities		13	%		15	%		25	%
Short term investments⁽¹⁾		8	%		5	%		1	%
Other⁽²⁾		1	%		2	%		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 comprised primarily insurance contracts.

The fair value of pension plan assets at December 31, 2012, 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	$	20.2	$	20.2	$	—	$	—
Consumer goods		17.7		17.7		—		—
Energy		8.8		8.8		—		—
Finance		8.2		8.2		—		—
Materials		9.4		9.4		—		—
Services		10.6		10.6		—		—
Miscellaneous		37.3		37.3		—		—
Global equity common trust funds⁽¹⁾		366.1		103.6		233.5		29.0
Debt securities:
Fixed income common trust funds⁽²⁾		380.5		69.4		309.7		1.4
Non-U.S. Government securities		36.3		—		36.3		—
Alternative investments:
Commingled global fund allocations⁽³⁾		247.1		91.2		0.3		155.6
Other:
Short term investments⁽⁴⁾		61.5		61.5		—		—
Other⁽⁵⁾		10.1		2.4		0.3		7.4

Total	$	1,213.8	$	440.3	$	580.1	$	193.4

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

⁽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 flow 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 $31.4 at December 31, 2012 and $47.4 at December 31, 2011, 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 2012 and 2011. 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, 2012 and 2011:

	Global Equity Common Trust Funds			Commingled Global Fund Allocations			Fixed Income Common Trust Funds		Other			Total

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
Realized gains		—			—			—		0.1			0.1
Unrealized gains relating to instruments still held at period end		1.8			12.7			—		2.0			16.5
Purchases		2.8			13.0			—		—			15.8
Sales		—			—			—		(0.7	)		(0.7	)

Balance at December 31, 2012	$	29.0		$	155.6		$	1.4	$	7.4		$	193.4

There were no transfers in or out of Level 3 assets in 2012 and 2011.

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 2012, we made contributions of $35.4 to our qualified domestic pension plans and direct benefit payments of $4.5 to our non-qualified domestic pension plans. In 2013, we expect to make minimum required funding contributions of $27.9 to our qualified domestic pension plans and direct benefit payments of $6.0 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 $10.4 in 2012, 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 2012. In 2013, we expect to make minimum required funding contributions of $17.7, which will include $2.5 of contributions that relate to businesses that have been classified as discontinued operations, and $2.8 of direct benefit payments to our foreign pension plans.

Estimated Future Benefit Payments — Following is a summary, as of December 31, 2012, of the estimated future minimum 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, 2012 to measure our obligations and include benefits attributable to estimated future employee service.

Estimated minimum benefit payments:
(Domestic and foreign pension plans)

	Domestic Pension		Foreign Pension

	Benefits		Benefits
2013	$	80.5	$	12.2
2014		80.3		12.6
2015		145.0		13.4
2016		79.8		14.0
2017		80.3		14.9
Subsequent five years		406.7		77.6

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, 2012 has decreased since December 31, 2011, primarily as a result of lower discount rates being used to value the plans in 2012 compared to 2011. Our non-funded pension plans account for $142.6 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

	2012			2011			2012			2011
Change in projected benefit obligation:
Projected benefit obligation — beginning of year	$	1,193.5		$	1,148.3		$	280.4		$	254.5
Service cost		9.8			9.9			2.5			2.5
Interest cost		54.4			57.4			14.3			14.0
Employee contributions		—			—			0.2			0.2
Actuarial losses		170.6			53.0			26.3			9.6
Curtailment gain		(4.0	)		(0.1	)		—			(0.1	)
Acquisitions		—			1.0			—			16.1
Benefits paid		(78.5	)		(76.0	)		(11.6	)		(13.7	)
Foreign exchange and other		—			—			10.9			(2.7	)

Projected benefit obligation — end of year	$	1,345.8		$	1,193.5		$	323.0		$	280.4

Change in plan assets:
Fair value of plan assets — beginning of year	$	868.2		$	867.5		$	247.0		$	227.8
Return on plan assets		107.1			71.8			19.2			12.0
Benefits paid		(78.5	)		(76.0	)		(9.3	)		(13.7	)
Contributions (employer and employee)		40.0			4.2			10.6			10.9
Acquisitions		—			0.7			—			11.8
Foreign exchange and other		—			—			9.5			(1.8	)

Fair value of plan assets — end of year	$	936.8		$	868.2		$	277.0		$	247.0

Funded status at year-end		(409.0	)		(325.3	)		(46.0	)		(33.4	)
Amounts recognized in the consolidated balance sheets consist of:
Other assets	$	—		$	—		$	24.9		$	23.7
Accrued expenses		(5.9	)		(6.4	)		(2.6	)		(2.3	)
Other long-term liabilities		(403.1	)		(318.9	)		(68.3	)		(54.8	)

Net amount recognized	$	(409.0	)	$	(325.3	)	$	(46.0	)	$	(33.4	)

Amounts recognized in accumulated other comprehensive loss (pre-tax) consist of:
Net actuarial loss	$	710.8		$	616.4		$	76.0		$	51.3
Net prior service costs (credits)		(0.1	)		(0.7	)		(0.1	)		0.1

Total accumulated comprehensive loss (pre-tax)	$	710.7		$	615.7		$	75.9		$	51.4

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, 2012 and 2011:

	Domestic Pension Plans				Foreign Pension Plans

	2012		2011		2012		2011
Projected benefit obligation	$	1,345.8	$	1,193.5	$	119.3	$	112.3
Accumulated benefit obligation		1,331.5		1,176.7		116.4		111.0
Fair value of plan assets		936.8		868.2		48.5		55.3

The accumulated benefit obligation for all domestic and foreign pension plans was $1,331.5 and $314.8, respectively, at December 31, 2012 and $1,176.7 and $275.3, respectively, at December 31, 2011.

Components of Net Periodic Pension Benefit Expense — Net periodic pension benefit expense for our domestic and foreign pension plans included the following components:

Domestic Pension Plans

	Year ended December 31,

	2012			2011			2010
Service cost	$	9.8		$	9.9		$	9.3
Interest cost		54.4			57.4			61.1
Expected return on plan assets		(63.4	)		(65.6	)		(68.4	)
Amortization of unrecognized losses⁽¹⁾		28.5			23.2			36.4
Amortization of unrecognized prior service credits		(0.6	)		(0.9	)		(0.9	)
Curtailment loss		0.1			—			—

Total net periodic pension benefit expense		28.8			24.0			37.5
Less: Net periodic pension benefit expense of discontinued operations		—			—			—

Net periodic pension benefit expense of continuing operations	$	28.8		$	24.0		$	37.5

⁽¹⁾: 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.

Foreign Pension Plans

	Year ended December 31,

	2012			2011			2010
Service cost	$	2.8		$	2.8		$	2.3
Interest cost		14.6			14.2			14.1
Expected return on plan assets		(16.6	)		(16.2	)		(14.3	)
Amortization of unrecognized losses		1.5			0.9			1.7
Curtailment gain		—			(0.1	)		—

Total net periodic pension benefit expense		2.3			1.6			3.8
Less: Net periodic pension benefit expense of discontinued operations		(1.2	)		(0.7	)		(0.3	)

Net periodic pension benefit expense of continuing operations	$	1.1		$	0.9		$	3.5

Other changes in plan assets and benefit obligations recognized in other comprehensive income in 2012 were as follows:

	Domestic Plans			Foreign Plans

Current year actuarial loss	$	126.9		$	23.6
Amortization of actuarial loss		(28.5	)		(1.5	)
Amortization of prior service credits		0.6			—
Curtailment gain		(4.0	)		—
Foreign exchange and other		—			2.4

	$	95.0		$	24.5

The estimated amounts that will be amortized from accumulated other comprehensive income into net periodic pension benefit expense in 2013 are as follows:

	Domestic Plans		Foreign Plans

Net actuarial loss	$	35.9	$	2.7
Net prior service credits		—		—

	$	35.9	$	2.7

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

	Year ended December 31,

	2012			2011			2010
Domestic Pension Plans
Weighted-average actuarial assumptions used in determining net periodic pension expense:
Discount rate		4.69	%		5.22	%		5.80	%
Rate of increase in compensation levels		3.75	%		4.00	%		4.00	%
Expected long-term rate of return on assets		7.25	%		7.25	%		8.25	%
Weighted-average actuarial assumptions used in determining year-end benefit obligations:
Discount rate		3.74	%		4.69	%		5.22	%
Rate of increase in compensation levels		3.75	%		3.75	%		4.00	%
Foreign Pension Plans
Weighted-average actuarial assumptions used in determining net periodic pension expense:
Discount rate		5.10	%		5.42	%		5.50	%
Rate of increase in compensation levels		3.92	%		4.15	%		4.10	%
Expected long-term rate of return on assets		6.56	%		7.00	%		7.04	%
Weighted-average actuarial assumptions used in determining year-end benefit obligations:
Discount rate		4.35	%		5.10	%		5.42	%
Rate of increase in compensation levels		3.91	%		3.92	%		4.15	%

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. We determined assumptions and established them 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 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 — 2012			Financial Improvement Plan / Rehabilitation Plan Status Pending			2012 Contributions			2011 Contributions			Surcharge Imposed		Expiration Date of Collective Bargaining Agreement

IAM National Pension Fund, National Pension Plan			51-6031295-002			Green			No		$	0.3		$	0.3		No			August 10, 2013

The contributions made by Clyde Union during 2012 and 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 2012, we made benefit payments of $13.8 (net of federal subsidies of $1.7) to our postretirement benefit plans. Following is a summary, as of December 31, 2012, 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, 2012 to measure our obligations and include benefits attributable to estimated future employee service.

	Postretirement Payments, net of Subsidies		Postretirement Subsidies

2013	$	14.8	$	1.5
2014		14.2		1.5
2015		13.6		1.5
2016		12.9		1.5
2017		12.2		1.4
Subsequent five years		51.2		6.1

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

	Postretirement Benefits

	2012			2011
Change in accumulated postretirement benefit obligation:
Accumulated postretirement benefit obligation — beginning of year	$	148.7		$	152.5
Service cost		0.5			0.4
Interest cost		6.1			7.0
Actuarial (gain) loss		7.2			(3.9	)
Benefits paid		(13.8	)		(14.3	)
Acquisitions		—			7.0

Accumulated postretirement benefit obligation — end of year	$	148.7		$	148.7

Funded status at year-end	$	(148.7	)	$	(148.7	)

Amounts recognized in the balance sheet consist of:
Accrued expenses	$	(14.6	)	$	(15.7	)
Other long-term liabilities		(134.1	)		(133.0	)

Net amount recognized	$	(148.7	)	$	(148.7	)

Amounts recognized in accumulated other comprehensive loss (pre-tax) consist of:
Net actuarial loss	$	48.6		$	44.9
Net prior service credit		(1.7	)		(3.1	)

Total accumulated comprehensive loss (pre-tax)	$	46.9		$	41.8

The net periodic postretirement benefit expense included the following components:

	Year ended December 31,

	2012			2011			2010
Service cost	$	0.5		$	0.4		$	0.3
Interest cost		6.1			7.0			8.0
Amortization of unrecognized loss		3.6			4.5			4.2
Amortization of unrecognized prior service credits		(1.4	)		(1.4	)		(1.3	)

Net periodic postretirement benefit expense	$	8.8		$	10.5		$	11.2

Other changes in benefit obligations recognized in other comprehensive income in 2012 were as follows:


Current year actuarial loss	$	7.2
Amortization of actuarial loss		(3.6	)
Amortization of prior service credits		1.4

	$	5.0

The estimated amounts that will be amortized from accumulated other comprehensive income into net periodic postretirement benefit expense in 2013 include net actuarial losses of $4.0 and prior service credits of $1.4.

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

	Year ended December 31,

	2012			2011			2010
Assumed health care cost trend rates:
Heath care cost trend rate for next year		7.13	%		7.52	%		7.86	%
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		4.36	%		4.85	%		5.46	%
Discount rate used in determining net year-end postretirement benefit obligation		3.37	%		4.36	%		4.85	%

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 2012 postretirement expense

	1% Increase		1% Decrease

Effect on total of service and interest costs	$	0.4	$	(0.3	)
Effect on postretirement benefit obligation	$	9.2	$	(8.2	)

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 0.266, 0.271 and 0.269 shares of our common stock to employee accounts in 2012, 2011 and 2010, respectively. Compensation expense is recorded based on the market value of shares as the shares are contributed to employee accounts. We recorded $15.3 in 2012, $14.8 in 2011 and $13.9 in 2010 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 $45.9 and $47.0 at December 31, 2012 and 2011, 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 sheets 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 2012, 2011 and 2010, we recorded additional compensation expense of $0.3, $0.4 and $0.4, 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, 2012

Income Taxes

Income Taxes

(11) Income Taxes

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

	Year ended December 31,

	2012			2011			2010
Income (loss) from continuing operations:
United States	$	(111.9	)	$	8.0		$	71.2
Foreign		65.4			161.9			152.4

	$	(46.5	)	$	169.9		$	223.6

Provision for (benefit from) income taxes:
Current:
United States	$	—		$	20.7		$	(33.1	)
Foreign		20.9			29.3			17.1

Total current		20.9			50.0			(16.0	)

Deferred and other:
United States		40.4			(43.1	)		65.6
Foreign		(29.4	)		7.4			(4.0	)

Total deferred and other		11.0			(35.7	)		61.6

Total provision	$	31.9		$	14.3		$	45.6

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

	Year ended December 31,

	2012			2011			2010
U.S. federal statutory rate		35.0	%		35.0	%		35.0	%
State and local taxes, net of U.S. federal benefit		(8.8	)		1.3			2.0
U.S. credits and exemptions		10.7			(8.7	)		(0.6	)
Foreign earnings taxed at lower rates		56.8			(5.3	)		(10.8	)
Audit settlements with taxing authorities		59.4			(0.4	)		(0.6	)
Adjustments to uncertain tax positions		(8.4	)		1.5			(3.6	)
Changes in valuation allowance		(23.9	)		(18.4	)		(5.3	)
Law change regarding deductibility of Medicare Part D expenses		—			—			2.8
Tax on repatriation of foreign earnings		(33.1	)		4.1			1.6
Goodwill impairment and basis adjustments		(161.5	)		—			—
Other		5.2			(0.7	)		(0.1	)

		(68.6	)%		8.4	%		20.4	%

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

	As of December 31,

	2012			2011
Deferred tax assets:
Working capital accruals	$	33.4		$	37.8
Legal, environmental and self-insurance accruals		39.0			45.6
Pension, other postretirement and postemployment benefits		186.8			169.9
NOL and credit carryforwards		193.2			242.5
Payroll and compensation		53.8			46.1
Other		96.2			71.0

Total deferred tax assets		602.4			612.9
Valuation allowance		(128.1	)		(124.5	)

Net deferred tax assets		474.3			488.4

Deferred tax liabilities:
Accelerated depreciation		61.5			36.1
Basis difference in affiliates		153.9			40.5
Intangible assets recorded in acquisitions		312.9			344.5
Other		23.7			58.9

Total deferred tax liabilities		552.0			480.0

	$	(77.7	)	$	8.4

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 are likely to 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, 2012, we had the following tax loss carryforwards available: state tax loss carryforwards of approximately $366.0 and tax losses of various foreign jurisdictions of approximately $684.0, all of which are reported in continuing operations. We also had state tax credit carryforwards of $30.4. Of these amounts, approximately $15.0 expire in 2013 and $446.0 expire at various times between 2013 and 2031. The remaining carryforwards have no expiration date.

Realization of deferred tax assets, including those associated with net operating loss and credit carryforwards is dependent upon generating sufficient taxable income in the appropriate tax jurisdiction. We believe that it is more likely than not that we may not realize the benefit of certain of these deferred tax assets and, accordingly, have established a valuation allowance against certain of these deferred tax assets. 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 are significantly reduced or tax planning strategies are no longer viable. The valuation allowance increased by $3.6 in 2012 and decreased by $38.2 in 2011. Of the increase in 2012, $5.4 was recognized as an increase in tax expense from continuing operations. 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.

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

In general, it is our practice and intention to reinvest the earnings of our non-U.S. subsidiaries in those operations. As of December 31, 2012, we had not recorded a provision for U.S. or foreign withholding taxes on approximately $1,580.0 of the excess of the amount for financial reporting over the tax basis of investments in foreign subsidiaries that are essentially permanent in duration. Generally, such amounts become subject to U.S. taxation upon the remittance of dividends and under certain other circumstances. It is not practicable to estimate the amount of a deferred tax liability related to the undistributed earnings of these foreign subsidiaries, in the event that these earnings are no longer considered to be indefinitely reinvested, due to the hypothetical nature of the calculation.

There are discrete amounts of foreign earnings (approximately $313.0), primarily related to the gain on sale of our Service Solutions business, where we do plan to repatriate the earnings in the future. During 2012, we provided $100.8 of U.S. and foreign withholding taxes on such earnings, with $91.8 of such amount recorded to discontinued operations.

Unrecognized Tax Benefits

As of December 31, 2012, we had gross unrecognized tax benefits of $73.8 (net unrecognized tax benefits of $37.9), of which $37.4, if recognized, would impact our effective tax rate from continuing operations. Similarly, at December 31, 2011 and 2010, we had gross unrecognized tax benefits of $85.2 (net unrecognized tax benefits of $68.0) and $95.5 (net unrecognized tax benefits of $77.4), respectively.

We classify interest and penalties related to unrecognized tax benefits as a component of our income tax provision. As of December 31, 2012, gross accrued interest excluded from the amounts above totaled $8.1 (net accrued interest of $5.7), while the related amounts as of December 31, 2011 and 2010 were $12.9 (net accrued interest of $10.1) and $15.6 (net accrued interest of $11.3), respectively. Our income tax provision for the years ended December 31, 2012, 2011 and 2010 included gross interest income of $3.8, $2.3 and $4.0, respectively, resulting from a reduction in our liability for uncertain tax positions. There were no significant penalties recorded during any year 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 $10.0 to $20.0. The previously unrecognized tax benefits relate to a variety of tax issues including tax matters relating to prior acquisitions and dispositions, transfer pricing, and various state matters.

The aggregate changes in the balance of unrecognized tax benefits for the years ended December 31, 2012, 2011 and 2010 were as follows:

	2012			2011			2010

Unrecognized tax benefit — opening balance	$	85.2		$	95.5		$	120.9
Gross increases — tax positions in prior period		20.6			3.3			13.9
Gross decreases — tax positions in prior period		(33.9	)		(11.4	)		(13.4	)
Gross increases — tax positions in current period		11.8			10.9			8.7
Settlements		(7.1	)		(0.9	)		(24.5	)
Lapse of statute of limitations		(2.7	)		(11.5	)		(8.3	)
Change due to foreign currency exchange rates		(0.1	)		(0.7	)		(1.8	)

Unrecognized tax benefit — ending balance	$	73.8		$	85.2		$	95.5

Other Tax Matters

During 2012, our income tax provision was impacted by: (i) an income tax benefit of $26.3 associated with the $281.4 impairment charge recorded by our Cooling reporting unit, as the majority of the goodwill for the Cooling reporting unit has no basis for income tax purposes; (ii) taxes provided of $15.4 on foreign dividends and undistributed earnings that are no longer considered to be indefinitely reinvested; (iii) incremental tax expense of $6.1 associated with the deconsolidation of our dry cooling business in China, as the goodwill allocated to the transaction is not deductible for income tax purposes; and (iv) valuation allowances that were recorded against deferred tax assets during the year of $5.4. The unfavorable impact of these items was offset partially by income tax benefits of $23.7 associated with audit closures, settlements, statute expirations, and other changes in the accrual for uncertain tax positions, with the most notable being the closure of our German tax examination for the years 2005 through 2009.

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 determined that it was more likely than not that we would be able to utilize our then-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 various 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.

Changes in tax laws and rates may affect recorded deferred tax assets and liabilities and our effective tax rate in the future. The American Taxpayer Relief Act of 2012 (the "Act") was signed into law on January 2, 2013. A change in tax law is accounted for in the period of enactment; therefore, certain provisions of the Act that will benefit our 2012 U.S. federal income tax return, including the research and experimentation credit and the Subpart F controlled foreign corporation look-through exception, cannot be recognized in our 2012 financial results and instead will be reflected in our financial results for 2013. Further, we expect the Act's extension of these provisions through the end of 2013 to favorably affect our estimated annual effective tax rate in 2013, when compared to 2012.

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 concluded its audit of our 2008 and 2009 federal income tax returns during 2012 and issued a RAR. We disagree with and have protested certain adjustments within the RAR to the Appeals Office of the IRS. While resolution of these issues may result in tax liabilities that differ from the accruals established, we believe any contingencies are adequately provided for, and will not have a material adverse effect on our financial position, results of operations or liquidity. We reasonably expect to conclude this appeals process within the next twelve months. In addition, during 2012, the IRS initiated an audit of our 2010 and 2011 federal income tax returns. With regard to this audit, we believe any contingencies are adequately provided for.

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. The most significant of these is in Denmark for the 2006 to 2010 tax years. 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.

- 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

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-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

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-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, 2012

Indebtedness

Indebtedness

(12) Indebtedness

The following summarizes our debt activity (both current and non-current) for the year ended December 31, 2012:

	December 31, 2011		Borrowings		Repayments			Other(4)		December 31, 2012

Domestic revolving loan facility	$	—	$	1,065.0	$	(1,065.0	)	$	—	$	—
Foreign revolving loan facility		30.9		—		(31.9	)		1.0		—
Term loan 1⁽¹⁾		300.0		—		(300.0	)		—		—
Term loan 2⁽¹⁾		500.0		—		(25.0	)		—		475.0
6.875% senior notes		600.0		—		—			—		600.0
7.625% senior notes		500.0		—		—			—		500.0
Trade receivables financing arrangement⁽²⁾		—		127.3		(127.3	)		—		—
Other indebtedness⁽³⁾		70.2		17.7		(26.3	)		55.4		117.0

Total debt		2,001.1	$	1,210.0	$	(1,575.5	)	$	56.4		1,692.0

Less: short-term debt		71.3									33.4
Less: current maturities of long-term debt		4.2									8.7

Total long-term debt	$	1,925.6								$	1,649.9

⁽¹⁾: On December 3, 2012, a portion of the proceeds from the sale of Service Solutions were used to repay $325.0 of the term loans ($300.0 for Term Loan 1 and $25.0 for Term Loan 2). In addition, we have allocated approximately $8.0 of interest expense associated with the $325.0 of term loan repayments to discontinued operations within our consolidated statement of operations for the year ended December 31, 2012.
⁽²⁾: Under this arrangement, we can borrow, on a continuous basis, up to $130.0, as available. At December 31, 2012, we had $46.3 of available borrowing capacity under the facility.
⁽³⁾: Includes balances under a purchase card program of $27.9 and $40.4 and capital lease obligations of $82.3 and $26.0 at December 31, 2012 and December 31, 2011, respectively.
⁽⁴⁾: "Other" includes debt assumed, including $60.0 of capital lease obligations related to the new corporate headquarters building, and foreign currency translation on any debt instruments denominated in currencies other than the U.S. dollar.

Maturities of long-term debt payable during each of the five years subsequent to December 31, 2012 are $8.7, $581.4, $106.0, $304.6 and $604.5, respectively.

Senior Credit Facilities

Our senior credit facilities provide for committed senior secured financing in an initial amount of $2,600.0, consisting of the following (each with a final maturity of June 30, 2016 except for Term Loan 1, which had a final maturity date of June 22, 2013 prior to its early repayment in December 2012 — see below):

•

An incremental term loan ("Term Loan 1"), in an aggregate principal amount of $300.0, which was repaid in December 2012 in connection with the sale of our Service Solutions business;

•

An incremental term loan ("Term Loan 2"), in an aggregate principal amount of $500.0, $25.0 of which was repaid in December 2012 in connection with the sale of our Service Solutions business;

•

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 2, with an initial principal balance of $500.0 and principal balance at December 31, 2012 of $475.0, is repayable in quarterly installments (with annual aggregate repayments, as a percentage of the initial principal amount, of 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.

Our 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 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) 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 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 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).

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, 2012, we had $533.6 of available borrowing capacity under our revolving credit facilities after giving effect to $66.4 reserved for outstanding letters of credit. In addition, at December 31, 2012, we had $414.3 of available issuance capacity under our foreign credit instrument facilities after giving effect to $785.7 reserved for outstanding letters of credit.

Our 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 $525.0. The amount of the availability resets (up to a maximum of $1,000) 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 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.

The interest rates applicable to loans under our 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 1.00	0.40	%	0.40	%	2.00	%	0.40	%	1.25	%	2.00	%	1.00	%	2.25	%	1.25	%
Between 2.00 to 1.00 and 3.00 to 1.00	0.35	%	0.35	%	1.875	%	0.35	%	1.125	%	1.875	%	0.875	%	2.125	%	1.125	%
Between 1.50 to 1.00 and 2.00 to 1.00	0.30	%	0.30	%	1.75	%	0.30	%	1.00	%	1.75	%	0.75	%	2.00	%	1.00	%
Between 1.00 to 1.00 and 1.50 to 1.00	0.275	%	0.275	%	1.50	%	0.275	%	0.875	%	1.50	%	0.50	%	1.75	%	0.75	%
Less than 1.00 to 1.00	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 2.40% at December 31, 2012.

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 0.50% 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 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.

We may voluntarily prepay loans under our 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 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 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.

At December 31, 2012, 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.

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 of $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, 2012, 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, 2012 and 2011, the participating businesses had $27.9 and $40.4, 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. 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.

We had $7.2 of letters of credit outstanding under separate arrangements in China, India, and South Africa.

- 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, 2012

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 income (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 $107.3 and $66.1 outstanding as of December 31, 2012 and 2011, respectively, with scheduled maturities of $102.0 and $5.3 in 2013 and 2014, respectively. These FX forward contracts typically have maturity dates ranging from one to two years. We had FX embedded derivatives with an aggregate notional amount of $96.3 and $73.2 at December 31, 2012 and 2011, respectively, with scheduled maturities of $77.4, $11.4 and $7.5 in 2013, 2014 and 2015, respectively. The unrealized loss, net of taxes, recorded in AOCI related to FX forward contracts was $3.4 and $3.7 as of December 31, 2012 and 2011, respectively. We anticipate reclassifying approximately $1.9 of the unrealized loss to income over the next 12 months. The net loss recorded in "Other income (expense), net" related to FX forward contracts and embedded derivatives totaled $0.2 in 2012, $37.0 in 2011, and $17.3 in 2010.

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 income (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, 2012 and 2011, the outstanding notional amount of commodity contracts was 3.3 and 2.9 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, 2012 and 2011, the fair value of these contracts was $0.2 (current asset) and $0.8 (current liability), respectively. The unrealized gain (loss), net of taxes, recorded in AOCI was $0.1 and $(0.7) as of December 31, 2012 and 2011, respectively. We anticipate reclassifying the unrealized gain 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, 2012				December 31, 2011

	Balance Sheet Classification	Fair Value			Balance Sheet Classification	Fair Value
Derivative contracts designated as hedging instruments
Commodity contracts	Other current assets	$	0.2		Other current assets	$	—
FX forward contracts	Other current assets		0.1		Other current assets		—

		$	0.3			$	—

FX forward contracts	Accrued expenses	$	(0.3	)	Accrued expenses	$	(0.4	)
Commodity contracts	Accrued expenses		—		Accrued expenses		(0.8	)

		$	(0.3	)		$	(1.2	)

Derivative contracts not designated as hedging instruments
FX forward contracts	Other current assets	$	0.1		Other current assets	$	—
FX embedded derivatives	Other current assets		0.3		Other current assets		1.2

		$	0.4			$	1.2

FX forward contracts	Accrued expenses	$	(0.1	)	Accrued expenses	$	(0.4	)
FX embedded derivatives	Accrued expenses		(0.9	)	Accrued expenses		(0.3	)
FX embedded derivatives	Other long-term liabilities		(9.8	)	Other long-term liabilities		(14.8	)

		$	(10.8	)		$	(15.5	)

The following summarizes the effects of derivative financial instruments in cash flow hedging relationships on AOCI and the consolidated statements of operations for the years ended December 31, 2012, 2011 and 2010:

	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
	2012			2011			2010			Classification of gain (loss) reclassified from AOCI	2012			2011			2010
Swaps	$	—		$	—		$	(9.3	)	Interest Expense	$	—		$	—		$	(12.7	)
										Loss on early extinguishment of interest rate protection agreements and term loan		—			—			(24.3	)
FX Forward contracts		(0.4	)		(0.2	)		(4.9	)	Cost of products sold		(0.7	)		(0.8	)		—
FX embedded derivatives		—			—			2.3		Cost of products sold		—			—			1.8
Commodity contracts		0.4			(1.8	)		1.0		Cost of products sold		(0.8	)		0.6			0.7

	$	—		$	(2.0	)	$	(10.9	)		$	(1.5	)	$	(0.2	)	$	(34.5	)

⁽¹⁾: For the years ended December 31, 2012, 2011 and 2010, gains (losses) of $(0.4), $0.3 and $1.1, respectively, were recognized in "Other income (expense), net" relating to derivative ineffectiveness and amounts excluded from effectiveness testing.

The following summarizes the effects of derivative financial instruments not designated as cash flow hedging relationships on the consolidated statements of operations for the years ended December 31, 2012, 2011 and 2010:

		Amount of gain (loss) recognized in income

	Classification of gain (loss) recognized in income	2012			2011			2010
FX forward contracts	Other income (expense), net	$	0.6		$	(38.5	)	$	5.0
FX embedded derivatives⁽¹⁾	Other income (expense), net		(0.4	)		1.2			(23.4	)

		$	0.2		$	(37.3	)	$	(18.4	)

⁽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, 2012

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,

2013	$	36.0
2014		28.6
2015		20.4
2016		13.6
2017		9.5
Thereafter		38.6

Total minimum payments	$	146.7

Total operating lease expense, inclusive of rent based on scheduled rent increases and rent holidays recognized on a straight-line basis, was $62.3 in 2012, $47.1 in 2011 and $48.8 in 2010.

Capital Leases

Future minimum lease payments under capital lease obligations are:

Year Ending December 31,

2013	$	12.0
2014		9.0
2015		8.5
2016		6.8
2017		6.6
Thereafter		60.3

Total minimum payments		103.2
Less: interest		(20.9	)

Capital lease obligation as of December 31, 2012		82.3
Less: current maturities as of December 31, 2012		(8.7	)

Long-term portion as of December 31, 2012	$	73.6

Our current and long-term capital lease obligations as of December 31, 2011 were $4.2 and $21.8, respectively.

Assets held through capital lease agreements at December 31, 2012 and 2011 comprise the following:

	December 31,

	2012			2011
Machinery and equipment	$	11.1		$	9.4
Buildings⁽¹⁾		76.5			22.5
Land⁽¹⁾		7.5			1.4
Other		3.9			3.7

Total		99.0			37.0
Less: accumulated depreciation		(8.1	)		(9.7	)

Net carrying value	$	90.9		$	27.3

⁽¹⁾: During 2011, we entered into a lease for a new corporate headquarters in Charlotte, NC. Construction of the building was substantially completed by December 2012, with related debt assumed of $60.0 as of December 31, 2012. Annual lease payments for the building are approximately $5.0. In addition, in January 2013, we exercised an option to purchase the land and building, with the sale expected to close in the first half of 2014.

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. Also, 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 $548.6 (including $501.3 for risk management matters) and $558.3 (including $495.6 for risk management matters) at December 31, 2012 and 2011, respectively. Of these amounts, $497.0 and $491.8 are included in "Other long-term liabilities" within our consolidated balance sheets at December 31, 2012 and 2011, 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 flows.

We had insurance recovery assets related to risk management matters of $430.6 and $428.9 at December 31, 2012 and 2011, respectively, included in "Other assets" within our consolidated balance sheets.

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, individually or in the aggregate, on our business, financial condition, results of operations or cash flows. We have liabilities for site investigation and/or remediation at 95 sites (92 sites at December 31, 2011) 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 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 23 sites (28 sites at December 31, 2011) at which the liability has not been settled, and only 6 (12 sites at December 31, 2011) 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.

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 adverse impact, individually or in the aggregate, on our financial position, 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, 2012, our share of the aggregate contract value on open consortium arrangements was $264.4 (of which approximately 62% had been recognized as revenue), and the aggregate contract value on open consortium arrangements was $740.9. 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. At December 31, 2012 and 2011, we recorded liabilities of $1.5 and $1.9, 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 eight 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, two executive officers have outstanding non-interest bearing 20-year relocation home loans totaling $3.0 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

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

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+ Details

Shareholders' Equity and Stock-Based Compensation

12 Months Ended

Dec. 31, 2012

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,

	2012			2011		2010
Numerator:
Income (loss) from continuing operations	$	(78.4	)	$	155.6	$	178.0
Less: Net income (loss) attributable to noncontrolling interests		2.8			5.0		(2.8	)

Income (loss) from continuing operations attributable to SPX Corporation common shareholders for calculating basic and diluted earnings per share	$	(81.2	)	$	150.6	$	180.8

Income from discontinued operations	$	340.4		$	30.0	$	24.8
Less: Net income (loss) attributable to noncontrolling interest		—			—		—

Income from discontinued operations attributable to SPX Corporation common shareholders for calculating basic and diluted earnings per share	$	340.4		$	30.0	$	24.8

Denominator:
Weighted-average number of common shares used in basic earnings per share		50.031			50.499		49.718
Dilutive securities — Employee stock options and restricted stock units		—			0.447		0.629

Weighted-average number of common shares and dilutive securities used in diluted earnings per share		50.031			50.946		50.347

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 0.003, 0.117 and 0.405 for the years ended December 31, 2012, 2011 and 2010, 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 1.031, 0.633 and 0.102 at December 31, 2012, 2011 and 2010, respectively.

Accumulated Other Comprehensive Loss

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

	December 31,

	2012			2011
Foreign currency translation adjustment	$	298.1		$	199.7
Net unrealized losses on qualifying cash flow hedges, net of tax benefit of $2.5 and $2.9, respectively		(3.3	)		(4.4	)
Net unrealized losses on available-for-sale securities,		(3.1	)		(1.5	)
Pension and postretirement liability adjustment and other, net of tax benefit of $318.5 and $274.3, respectively⁽¹⁾		(520.6	)		(440.3	)

Accumulated other comprehensive loss	$	(228.9	)	$	(246.5	)

⁽¹⁾: As of December 31, 2012 and 2011, included $3.8 for each year, related to our share of the pension liability adjustment for EGS.

Common Stock and Treasury Stock

At December 31, 2012, 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, 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 options exercised	0.174	—		0.174
Share repurchases	—	(3.606	)	(3.606	)
Restricted stock and restricted stock units	0.311	0.085		0.396
Other	0.267	—		0.267

Balance at December 31, 2012	99.454	(51.150	)	48.304

Stock-Based Compensation

Under the 2002 Stock Compensation Plan, as amended in 2006, 2011 and 2012, up to 3.468 shares of our common stock were available for grant at December 31, 2012. 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 shares.

During the years ended December 31, 2012, 2011 and 2010, we classified excess tax benefits from stock-based compensation of $3.8, $6.6 and $4.2, 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. Performance thresholds have been instituted for vesting a substantial portion of 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. Additionally, a portion of our restricted stock and restricted stock unit awards vest based on the passage of time since the grant date. 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 0.013 shares of our common stock were available for grant at December 31, 2012. 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. 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. All outstanding options are vested as of December 31, 2012.

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, 2012, 2011 and 2010. Compensation expense within income from continuing operations related to restricted stock and restricted stock units totaled $39.4, $39.2 and $29.9 for the years ended December 31, 2012, 2011 and 2010, respectively, with the related tax benefit being $15.0, $14.7 and $11.1 for the years ended December 31, 2012, 2011 and 2010, 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 2012, 2011 and 2010.

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 January 3, 2012 and March 1, 2011:



January 3, 2012:
SPX Corporation	44.3	%	1.60	%	0.44	%	0.7365
S&P 500 Composite Index	23.1	%	n/a		0.44	%
March 1, 2011:
SPX Corporation	61.0	%	1.27	%	1.03	%	0.7559
S&P 500 Composite Index	30.3	%	n/a		1.03	%

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, 2009 through December 31, 2012:

			Weighted-average Grant-Date Fair Value per share

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
Granted	0.823			50.64
Vested	(0.264	)		39.75
Forfeited	(0.064	)		57.77

Outstanding at December 31, 2012	1.935			54.70

As of December 31, 2012, there was $17.7 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 1.7 years.

Stock Options

The following table shows stock option activity from December 31, 2009 through December 31, 2012:

			Weighted- Average Exercise Price

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
Exercised	(0.174	)		39.58
Terminated	(0.177	)		69.42

Options outstanding and exercisable at December 31, 2012	0.013			62.45

The weighted-average remaining term, in years, of stock options outstanding and exercisable at December 31, 2012 was 0.7. The total number of in-the-money options exercisable on December 31, 2012 was 0.010. 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, 2012, 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, 2012 was $0.207. The aggregate intrinsic value of options exercised during the years ended December 31, 2012, 2011 and 2010 was $5.9, $2.5 and $4.1, respectively.

Treasury Stock

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. During the first half of 2012, 1.0 shares of our common stock were repurchased for $75.0, with the remainder scheduled to be repurchased following the consummation of the sale of Service Solutions business, in accordance with the share repurchase program. During December 2012, and following the completion of the sale of our Service Solutions business, we repurchased 2.6 shares of our common stock for $170.6, resulting in total repurchases for 2012 of $245.6. During January 2013, we completed the repurchases authorized under the trading plan.

Preferred Stock

None of our 3.0 shares of authorized no par value preferred stock was outstanding at December 31, 2012, 2011 or 2010.

Fair Value

12 Months Ended

Dec. 31, 2012

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.

There were no changes during the periods presented to the valuation techniques we use to measure asset and liability fair values on a recurring basis. There were no transfers between the three levels of the fair value hierarchy for the periods presented.

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, 2012, 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 $3.6 and $5.2 at December 31, 2012 and December 31, 2011, respectively.

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, 2012 and 2011, these assets had a fair value of $7.5 and $7.8, respectively, which are estimated using various valuation models, including the Monte-Carlo simulation model.

Assets and liabilities measured at fair value on a recurring basis include the following as of December 31, 2012:

	Fair Value Measurements Using

	Level 1		Level 2		Level 3
Current assets — FX embedded derivatives, FX forward contracts and commodity contracts	$	—	$	0.7	$	—
Current assets — Investment in equity securities		3.6		—		7.5
Current liabilities — FX forward contracts and FX embedded derivatives		—		1.3		—
Long-term liabilities — FX embedded derivatives		—		9.8		—

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	$	—	$	1.2	$	—
Current assets — Investment in equity 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		—

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, 2012 and 2011, including net unrealized losses recorded to earnings.

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

Balance at December 31, 2010	$	8.5
Unrealized losses recorded to earnings		(0.7	)

Balance at December 31, 2011		7.8
Unrealized losses recorded to earnings		(0.3	)

Balance at December 31, 2012	$	7.5

During 2012, we determined that the fair value of our Cooling reporting unit was less than the carrying value of its net assets (see Note 8). The fair value of our Cooling reporting unit 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 publically-traded companies that were applied to the historical and projected operating results of the Cooling reporting unit (unobservable inputs — Level 3). We then allocated the fair value to the assets and liabilities of Cooling, which resulted in an implied value for the reporting unit's goodwill. Based on such implied value, we recorded an impairment charge related to Cooling's goodwill of $270.4. In addition, we recorded an impairment charge related to other long-term assets at Cooling of $11.0. Lastly, we recorded impairment charges of $4.5 related to trademarks for two other businesses within our Thermal Equipment and Services reportable segment. The fair values of the trademarks were determined by applying estimated royalty rates to projected revenues, with the resulting cash flows discounted at a rate of return that reflected current market conditions (unobservable inputs — Level 3).

During 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, (unobservable inputs — Level 3). We then allocated the fair value to the assets and liabilities of SPX Heat Transfer Inc., which resulted in an implied value for the reporting unit's goodwill. Based on such implied value, we recorded an impairment charge related to SPX Heat Transfer Inc.'s goodwill of $20.8. In addition, we recorded an impairment charge of $7.5 related to the trademarks of SPX Heat Transfer Inc., with the fair value of these intangibles determined by applying estimated royalty rates to projected revenues, with the resulting cash flows discounted at a rate of return that reflected current market conditions (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).

The estimated fair values of other financial liabilities (excluding capital leases) not measured at fair value on a recurring basis as of December 31, 2012 and December 31, 2011 were as follows:

	December 31, 2012				December 31, 2011

	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Senior Notes	$	1,100.0	$	1,217.8	$	1,100.0	$	1,198.0
Term Loans		475.0		475.0		800.0		800.0
Other indebtedness		34.7		34.7		75.1		75.1

The following methods and assumptions were used in estimating the fair value of these financial instruments:

•

The fair value of the senior notes and term loans was determined using Level 2 inputs within the fair value hierarchy and was based on quoted market prices for the same or similar instruments or on current rates offered to us for debt with similar maturities, subordination and credit default expectations.

•

The fair value of our short-term debt approximates carrying value due primarily to the short-term nature of those instruments.

Certain of our non-financial assets and liabilities are subject to impairment analysis, including long-lived assets, indefinite-lived intangible assets and goodwill. We review the carrying amounts of such assets whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable or at least annually for indefinite-lived intangible assets and goodwill. Any resulting asset impairment would require that the instrument be recorded at its fair value. As of December 31, 2012, with the exception of the impairment charges previously noted and non-financial assets and liabilities that were acquired as part of new business acquisitions, we did not have any non-financial assets or liabilities that are required to be measured at fair value on a recurring or non-recurring basis. See Note 4 for further details on our recent acquisitions.

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

- 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, 2012

Quarterly Results (Unaudited)

Quarterly Results (Unaudited)

(17) Quarterly Results (Unaudited)

	First(3)					Second				Third				Fourth(3)

	2012			2011		2012		2011		2012		2011		2012			2011
Operating revenues	$	1,163.7		$	981.9	$	1,258.1	$	1,134.2	$	1,242.7	$	1,162.7	$	1,435.7		$	1,258.1
Gross profit		300.9			292.0		336.5		313.9		335.1		322.9		402.5			345.9
Income (loss) from continuing operations⁽¹⁾		8.2			20.8		38.5		25.5		54.1		50.8		(179.2	)		58.5
Income from discontinued operations, net of tax⁽¹⁾⁽²⁾		4.6			4.0		9.7		9.5		6.1		11.5		320.0			5.0

Net income		12.8			24.8		48.2		35.0		60.2		62.3		140.8			63.5
Less: Net income (loss) attributable to noncontrolling interests		(0.7	)		1.7		0.8		0.7		2.4		1.6		0.3			1.0

Net income attributable to SPX Corporation common shareholders	$	13.5		$	23.1	$	47.4	$	34.3	$	57.8	$	60.7	$	140.5		$	62.5

Basic earnings per share of common stock:
Continuing operations	$	0.18		$	0.38	$	0.75	$	0.49	$	1.03	$	0.97	$	(3.62	)	$	1.14
Discontinued operations, net of tax		0.09			0.08		0.20		0.19		0.13		0.23		6.45			0.10

Net income	$	0.27		$	0.46	$	0.95	$	0.68	$	1.16	$	1.20	$	2.83		$	1.24

Diluted earnings per share of common stock:
Continuing operations	$	0.17		$	0.37	$	0.74	$	0.48	$	1.03	$	0.97	$	(3.62	)	$	1.13
Discontinued operations, net of tax		0.09			0.08		0.19		0.19		0.13		0.22		6.45			0.10

Net income	$	0.26		$	0.45	$	0.93	$	0.67	$	1.16	$	1.19	$	2.83		$	1.23

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 2012 included charges of $2.4, $8.4, $7.1 and $6.2, respectively, associated with restructuring initiatives. The first, second, third and fourth quarters of 2011 included charges of $2.4, $4.2, $7.2, and $11.5, respectively, associated with restructuring initiatives. See Note 6 for additional information.

The first, second, third and fourth quarters of 2012 included income (expense) for foreign currency transactions and our FX forward contracts and FX embedded derivatives of $(5.2), $(1.9), $(3.2) and $(2.1), respectively, while the related amounts for the four quarters of 2011 were $(2.2), $(3.5), $(30.9) and $(4.8), 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.

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, related to the expansion of our power transformer facility in Waukesha, WI.

During the first quarter of 2012, we recorded a pre-tax gain of $20.5 associated with the deconsolidation of our dry cooling business in China (see Note 4 for additional details). In connection with this transaction, we recorded an incremental income tax charge of $6.1 as the goodwill allocated to the transaction is not deductible for income tax purposes.

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 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 2012, we recorded impairment charges of $281.4 related to the goodwill ($270.4) and other long-term assets ($11.0) of our Cooling reporting unit. The income tax benefit associated with these impairment charges was $26.3, as the majority of the goodwill for the Cooling reporting unit has no basis for income tax purposes.

During the fourth quarter of 2012, we recorded income tax charges of (i) $15.4 on foreign dividends and undistributed earnings that are no longer considered to be indefinitely reinvested and (ii) $6.3 for valuation allowances that were recorded against deferred tax assets. The unfavorable impact of these items were offset partially by income tax benefits of approximately $21.0 associated with audit closures, settlements, statute expirations, and other changes in the accrual for uncertain tax positions, with the most notable being the closure of our German tax examination for the years 2005 through 2009.

Incentive compensation for the fourth quarter of 2012 was $20.6 higher than the related figure for the fourth quarter of 2011.

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 income (expense), net" and $1.2 to "Gain 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.

⁽²⁾

During the fourth quarter of 2012, we sold our Service Solutions business to Robert Bosch GmbH resulting in a net gain of $313.4.

⁽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 2012 were March 31, June 30 and September 29, compared to the respective April 2, July 2 and October 1, 2011 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 2012 and had two more days in the fourth quarter of 2012 than in the respective 2011 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
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2012
Summary of Significant Accounting Policies
Basis of Presentation	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.
Foreign Currency Translation	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 Financial Accounting Standards Board 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 income (expense), net," with the related net losses totaling $12.4, $41.4 and $27.5, in 2012, 2011 and 2010, respectively.
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	Revenue Recognition — We recognize revenues from product sales upon shipment to the customer (e.g., FOB shipping point) or upon receipt by the customer (e.g., 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.
Research and Development Costs	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. We amortize these costs over the economic life of the related products and 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 $53.4, $52.7 and $47.2 in 2012, 2011 and 2010, respectively.
Property, Plant and Equipment	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 40.0 years for buildings and range from 3.0 to 15.0 years for machinery and equipment. Depreciation expense was $76.0, $64.3 and $62.4 for the years ended December 31, 2012, 2011 and 2010, 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 2012, 2011 and 2010 totaled $0.5, $1.3 and $3.9, respectively.
Income Taxes	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 consolidated 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	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.
Use Of Estimates
Accounts Receivable Allowances	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.
Inventory	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	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	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 2012, 2011 and 2010.
Accrued Expenses	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, 2012 and 2011.
Legal	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	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	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 include, 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	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.
Income Taxes	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. When we believe that it is more likely than not that we will not realize a benefit for a deferred tax asset, we establish a valuation allowance against it. 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	Employee Benefit Plans — Defined benefit plans 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.
Acquisitions and Discontinued Operations
Business Acquisitions	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.
Discontinued 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.
Environmental Matters
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, individually or in the aggregate, on our business (92 sites at December 31, 2011) financial condition, results of operations or cash flows. We have liabilities for site investigation and/or remediation at 95 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 take into account third-party indemnification from financially viable parties in determining our accruals where there is no dispute regarding the right to indemnification.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2012

Summary of Significant Accounting Policies

Schedule of costs and estimated earnings on uncompleted contracts

	2012			2011

Costs incurred on uncompleted contracts	$	3,363.0		$	2,783.5
Estimated earnings to date		804.8			750.6

		4,167.8			3,534.1
Less: Billings to date		(4,066.7	)		(3,514.4	)

		101.1			19.7
Net costs and estimated earnings in excess of billings assumed in the acquisition of Clyde Union (Holdings) S.A.R.L. ("Clyde Union")		10.0			57.2

Net costs and estimated earnings in excess of billings	$	111.1		$	76.9

Schedule of net billings in excess of costs and estimated earnings

	2012			2011

Costs and estimated earnings in excess of billings⁽¹⁾	$	359.7		$	355.9
Billings in excess of costs and estimated earnings on uncompleted contracts⁽²⁾		(248.6	)		(279.0	)

Net costs and estimated earnings in excess of billings	$	111.1		$	76.9

⁽¹⁾: The December 31, 2012 and 2011 balances are reported as a component of "Accounts receivable, net."
⁽²⁾: The December 31, 2012 and 2011 balances include $248.4 and $275.4 reported as a component of "Accrued expenses," respectively, and $0.2 and $3.6 as a component of "Other long-term liabilities" in the consolidated balance sheets, respectively.

Use Of Estimates (Tables)

12 Months Ended

Dec. 31, 2012

Use Of Estimates

Schedule of activity for accounts receivable allowance accounts

	Year ended December 31,

	2012			2011			2010
Balance at beginning of year	$	41.3		$	44.3		$	44.6
Acquisitions		2.8			1.2			1.1
Allowances provided		28.0			17.8			18.9
Write-offs, net of recoveries and credits issued		(21.5	)		(22.0	)		(20.3	)

Balance at end of year	$	50.6		$	41.3		$	44.3

Schedule of accrued expenses

	December 31,

	2012		2011
Employee benefits	$	187.9	$	181.3
Unearned revenue⁽¹⁾		476.4		481.7
Warranty		50.5		46.2
Other⁽²⁾		281.8		268.1

Total	$	996.6	$	977.3

⁽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,

	2012			2011			2010
Balance at beginning of year	$	56.3		$	47.4		$	49.0
Acquisitions		3.7			7.7			1.7
Provisions		25.3			21.5			20.3
Usage		(24.7	)		(20.3	)		(23.6	)

Balance at end of year		60.6			56.3			47.4
Less: Current portion of warranty		50.5			46.2			38.9

Non-current portion of warranty	$	10.1		$	10.1		$	8.5

Acquisitions, Discontinued Operations and Formation of Shanghai Electric JV (Tables)

12 Months Ended

Dec. 31, 2012

Acquisitions, Discontinued Operations and Formation of Shanghai Electric JV

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	$	354.1
Property, plant and equipment		89.8
Goodwill		377.2
Intangible assets		374.6
Other assets		25.1

Total assets acquired		1,220.8

Liabilities assumed:
Current liabilities		287.0
Other long-term liabilities		165.0

Total liabilities assumed		452.0

Noncontrolling interest		1.8

Net assets acquired	$	767.0

Schedule of unaudited pro forma information

	December 31, Year Ended

	2011		2010
Revenues	$	4,971.1	$	4,502.2
Income from continuing operations attributable to SPX Corporation common shareholders		158.5		195.3
Net income attributable to SPX Corporation common shareholders		188.5		220.1
Income from continuing operations:
Basic	$	3.14	$	3.93
Diluted	$	3.11	$	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

TPS Tianyu Equipment Co., Ltd. ("Tianyu")	Q4 2012	Q4 2012
Weil-McLain (Shandong) Cast-Iron-Boiler Co., Ltd. ("Weil-McLain Shandong")	Q4 2012	Q4 2012
SPX Service Solutions ("Service Solutions")	Q1 2012	Q4 2012
Cooling Spain Packaging business ("Cooling Spain")	Q4 2010	Q4 2010
P.S.D., Inc. ("PSD")	Q2 2009	Q1 2010

Schedule of income from discontinued operations and related income taxes

	Year ended December 31,

	2012			2011			2010
Income from discontinued operations	$	600.0		$	46.8		$	19.9
Income tax (expense) benefit		(259.6	)		(16.8	)		4.9

Income from discontinued operations, net	$	340.4		$	30.0		$	24.8

Schedule of results of operations of businesses reported as discontinued operations

	Year ended December 31,

	2012		2011		2010
Revenues	$	825.0	$	925.0	$	793.9
Pre-tax income		44.4		49.8		20.6

Schedule of major classes of assets and liabilities, excluding intercompany balances, of businesses reported as discontinued operations


Assets:
Accounts receivable, net	$	195.1
Inventories		132.4
Other current assets		10.4
Property, plant and equipment, net		49.2
Goodwill and intangibles, net		285.8
Other assets		58.7

Assets of discontinued operations	$	731.6

Liabilities:
Accounts payable	$	111.9
Accrued expenses		114.1
Income taxes payable		1.5
Deferred and other income taxes		6.6
Other liabilities		7.6

Liabilities of discontinued operations	$	241.7

- 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

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References+ Details

Information on Reportable Segments and Other Operating Segments (Tables)

12 Months Ended

Dec. 31, 2012

Information on Reportable Segments and Other Operating Segments

Schedule of reportable segments and other operating segments, including the results of acquisitions from the respective dates of acquisition

	2012		2011		2010

Revenues:
Flow Technology reportable segment	$	2,682.2	$	2,042.0	$	1,662.2
Thermal Equipment and Services reportable segment		1,490.9		1,636.4		1,593.2
Industrial Products and Services		927.1		858.5		843.4

Total	$	5,100.2	$	4,536.9	$	4,098.8

Income:
Flow Technology reportable segment	$	285.1	$	268.4	$	215.6
Thermal Equipment and Services reportable segment		106.7		142.5		194.2
Industrial Products and Services		114.1		109.7		123.4

Total income for reportable and other operating segments		505.9		520.6		533.2
Corporate expense		108.8		105.9		98.4
Pension and postretirement expense		38.7		35.4		52.2
Stock-based compensation expense		39.4		39.2		29.9
Special charges, net		24.1		25.3		30.7
Impairment of goodwill and other long-term assets		285.9		28.3		1.7

Consolidated operating income	$	9.0	$	286.5	$	320.3

Capital expenditures:
Flow Technology reportable segment	$	25.6	$	59.6	$	23.2
Thermal Equipment and Services reportable segment		10.9		12.2		13.0
Industrial Products and Services		21.9		60.1		14.4
General corporate		25.9		15.1		20.3

Total	$	84.3	$	147.0	$	70.9

Depreciation and amortization:
Flow Technology reportable segment	$	63.8	$	41.1	$	36.5
Thermal Equipment and Services reportable segment		22.0		24.0		24.2
Industrial Products and Services		19.9		15.6		15.4
General corporate		6.1		7.0		5.8

Total	$	111.8	$	87.7	$	81.9

Identifiable assets:
Flow Technology reportable segment	$	3,611.2	$	3,359.9	$	2,098.0
Thermal Equipment and Services reportable segment		1,445.4		1,820.5		1,804.1
Industrial Products and Services		794.4		774.3		664.4
General corporate		1,279.1		705.5		729.2
Discontinued operations		—		731.6		697.6

Total	$	7,130.1	$	7,391.8	$	5,993.3

Geographic Areas:

Revenues:⁽¹⁾
United States	$	2,436.4	$	2,237.7	$	2,024.1
Germany		358.5		387.6		413.4
China		232.3		263.0		347.8
South Africa		322.4		281.4		241.5
United Kingdom		545.2		239.7		219.1
Other		1,205.4		1,127.5		852.9

	$	5,100.2	$	4,536.9	$	4,098.8

Tangible Long-Lived Assets:
United States	$	1,168.5	$	1,075.1	$	854.8
Other		310.2		283.5		238.6

Long-lived assets of continuing operations		1,478.7		1,358.6		1,093.4
Long-lived assets of discontinued operations		—		107.9		117.3

Total tangible long-lived assets	$	1,478.7	$	1,466.5	$	1,210.7

⁽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, 2012

Special Charges, Net

Summary of special charges by expense type

	2012			2011		2010

Employee termination costs	$	22.5		$	11.5	$	18.4
Facility consolidation costs		2.6			5.5		4.0
Other cash costs (recoveries), net		(4.4	)		0.1		1.5
Non-cash asset write-downs		3.4			8.2		6.8

Total	$	24.1		$	25.3	$	30.7

Schedule of special charges, net

2012 Charges:

	Employee Termination Costs			Facility Consolidation Costs		Other Cash Costs (Recoveries), Net			Non-Cash Asset Write-downs		Total Special Charges

Flow Technology reportable segment	$	16.2		$	1.8	$	—		$	0.9	$	18.9
Thermal Equipment and Services reportable segment		5.7			0.2		0.1			1.6		7.6
Industrial Products and Services		(0.1	)		0.5		—			0.6		1.0
Corporate		0.7			0.1		(4.5	)		0.3		(3.4	)

Total	$	22.5		$	2.6	$	(4.4	)	$	3.4	$	24.1

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

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

Rollforward of restructuring and integration liabilities

	December 31,

	2012			2011			2010
Balance at beginning of year	$	11.0		$	17.6		$	19.5
Special charges — cash⁽¹⁾		25.5			17.1			23.9
Utilization — cash		(20.1	)		(23.4	)		(19.9	)
Currency translation adjustment and other		—			(0.3	)		(5.9	)

Ending balance	$	16.4		$	11.0		$	17.6

⁽¹⁾: The years ended December 31, 2012, 2011 and 2010 exclude $3.4, $8.2 and $6.8, respectively, of non-cash special charges that impact special charges but not the restructuring and integration related liabilities, as well as a gain of $4.8 on the sale of land rights in Shanghai, China.

- 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, 2012

Goodwill and Other Intangible Assets

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

The changes in the carrying amount of goodwill, by reportable segment and our other operating segments for the year ended December 31, 2012, were as follows:

	December 31, 2011			Goodwill resulting from business combinations		Impairments(1)			Foreign Currency Translation and other(2)			December 31, 2012

Flow Technology reportable segment
Gross goodwill	$	1,019.9		$	14.6	$	—		$	80.1		$	1,114.6
Accumulated impairments		—			—		—			—			—

Goodwill		1,019.9			14.6		—			80.1			1,114.6

Thermal Equipment and Services reportable segment
Gross goodwill		586.6			—		—			(22.9	)		563.7
Accumulated impairments		(125.3	)		—		(270.4	)		—			(395.7	)

Goodwill		461.3			—		(270.4	)		(22.9	)		168.0

Industrial Product and Services
Gross goodwill		450.6			—		—			2.4			453.0
Accumulated impairments		(159.7	)		—		—			(1.9	)		(161.6	)

Goodwill		290.9			—		—			0.5			291.4

Total
Gross goodwill		2,057.1			14.6		—			59.6			2,131.3
Accumulated impairments		(285.0	)		—		(270.4	)		(1.9	)		(557.3	)

Goodwill	$	1,772.1		$	14.6	$	(270.4	)	$	57.7		$	1,574.0

⁽¹⁾: Recorded an impairment charge of $270.4 during the year ended December 31, 2012 related to our Cooling Equipment and Services ("Cooling") reporting unit.
⁽²⁾: Includes adjustments resulting from revision to estimates of fair value of certain assets and liabilities associated with Clyde Union and other acquisitions of $73.6 and foreign currency translation adjustments of $8.4, partially offset by the allocation of goodwill of $24.3 related to the deconsolidation of our dry cooling products business in China (see Note 4).

The changes in the carrying amount of goodwill, by reportable segment and our other operating segments for the year ended December 31, 2011, were as follows:

	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	$	702.7		$	324.8	$	—		$	(7.6	)	$	1,019.9
Accumulated impairments		—			—		—			—			—

Goodwill		702.7			324.8		—			(7.6	)		1,019.9

Thermal Equipment and Services reportable segment
Gross goodwill		591.5			—		—			(4.9	)		586.6
Accumulated impairments		(104.5	)		—		(20.8	)		—			(125.3	)

Goodwill		487.0			—		(20.8	)		(4.9	)		461.3

Industrial Product and Services
Gross goodwill		451.5			—		—			(0.9	)		450.6
Accumulated impairments		(159.8	)		—		—			0.1			(159.7	)

Goodwill		291.7			—		—			(0.8	)		290.9

Total
Gross goodwill		1,745.7			324.8		—			(13.4	)		2,057.1
Accumulated impairments		(264.3	)		—		(20.8	)		0.1			(285.0	)

Goodwill	$	1,481.4		$	324.8	$	(20.8	)	$	(13.3	)	$	1,772.1

⁽¹⁾: Recorded an impairment charge of $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 of $3.8 and foreign currency translation adjustments of $9.5.

Schedule of identifiable intangible assets

	December 31, 2012							December 31, 2011

	Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Intangible assets with determinable lives:
Patents	$	8.6	$	(8.0	)	$	0.6	$	8.5	$	(7.6	)	$	0.9
Technology		190.5		(41.7	)		148.8		182.2		(30.5	)		151.7
Customer relationships		420.6		(63.6	)		357.0		400.4		(44.7	)		355.7
Other:		33.4		(18.0	)		15.4		38.3		(10.9	)		27.4

		653.1		(131.3	)		521.8		629.4		(93.7	)		535.7
Trademarks with indefinite lives:⁽¹⁾		440.6		—			440.6		436.4		—			436.4

Total	$	1,093.7	$	(131.3	)	$	962.4	$	1,065.8	$	(93.7	)	$	972.1

⁽¹⁾: Recorded impairment charges during 2012 of $4.5 associated with two businesses within our Thermal Equipment and Services reportable segment and impairment charges during 2011 of $7.5 and $0.8 associated with businesses within our Thermal Equipment and Service reportable segment and Industrial Products and Services, respectively.

Investment in Joint Venture (Tables)

12 Months Ended

Dec. 31, 2012

Investment in Joint Venture

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

EGS's results of operations and selected other information for its fiscal years ended September 30, 2012, 2011 and 2010 were as follows:

	2012		2011		2010

Net sales	$	527.0	$	495.3	$	445.4
Gross profit		221.9		201.5		189.2
Net income		87.9		63.7		62.7
Capital expenditures		12.0		16.7		11.9
Depreciation and amortization		10.4		10.3		9.6
Dividends received by SPX		35.2		29.4		30.3
Undistributed earnings attributable to SPX Corporation		8.4		4.6		5.5
SPX's equity earnings in EGS		39.0		28.7		28.8

Schedule of condensed balance sheet information for joint venture investment

Condensed balance sheet information of EGS as of September 30, 2012 and 2011 was as follows:

	2012		2011

Current assets	$	183.5	$	179.7
Non-current assets		339.6		342.5
Current liabilities		116.9		128.0
Non-current liabilities		33.0		30.1

- 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, 2012

Employee Benefit Plans

Schedule of entity's multiemployer benefit plan

Pension Fund		EIN Pension Plan Number			Pension Protection Act Zone Status — 2012			Financial Improvement Plan / Rehabilitation Plan Status Pending			2012 Contributions			2011 Contributions			Surcharge Imposed		Expiration Date of Collective Bargaining Agreement

IAM National Pension Fund, National Pension Plan			51-6031295-002			Green			No		$	0.3		$	0.3		No			August 10, 2013

Pension plans

Employee Benefit Plans

Schedule of the fair value of plan assets by asset class

The fair value of pension plan assets at December 31, 2012, 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	$	20.2	$	20.2	$	—	$	—
Consumer goods		17.7		17.7		—		—
Energy		8.8		8.8		—		—
Finance		8.2		8.2		—		—
Materials		9.4		9.4		—		—
Services		10.6		10.6		—		—
Miscellaneous		37.3		37.3		—		—
Global equity common trust funds⁽¹⁾		366.1		103.6		233.5		29.0
Debt securities:
Fixed income common trust funds⁽²⁾		380.5		69.4		309.7		1.4
Non-U.S. Government securities		36.3		—		36.3		—
Alternative investments:
Commingled global fund allocations⁽³⁾		247.1		91.2		0.3		155.6
Other:
Short term investments⁽⁴⁾		61.5		61.5		—		—
Other⁽⁵⁾		10.1		2.4		0.3		7.4

Total	$	1,213.8	$	440.3	$	580.1	$	193.4

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

⁽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 flow 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, 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
Realized gains		—			—			—		0.1			0.1
Unrealized gains relating to instruments still held at period end		1.8			12.7			—		2.0			16.5
Purchases		2.8			13.0			—		—			15.8
Sales		—			—			—		(0.7	)		(0.7	)

Balance at December 31, 2012	$	29.0		$	155.6		$	1.4	$	7.4		$	193.4

Schedule of estimated minimum benefit payments

Estimated minimum benefit payments:
(Domestic and foreign pension plans)

	Domestic Pension		Foreign Pension

	Benefits		Benefits
2013	$	80.5	$	12.2
2014		80.3		12.6
2015		145.0		13.4
2016		79.8		14.0
2017		80.3		14.9
Subsequent five years		406.7		77.6

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

	Domestic Pension Plans						Foreign Pension Plans

	2012			2011			2012			2011
Change in projected benefit obligation:
Projected benefit obligation — beginning of year	$	1,193.5		$	1,148.3		$	280.4		$	254.5
Service cost		9.8			9.9			2.5			2.5
Interest cost		54.4			57.4			14.3			14.0
Employee contributions		—			—			0.2			0.2
Actuarial losses		170.6			53.0			26.3			9.6
Curtailment gain		(4.0	)		(0.1	)		—			(0.1	)
Acquisitions		—			1.0			—			16.1
Benefits paid		(78.5	)		(76.0	)		(11.6	)		(13.7	)
Foreign exchange and other		—			—			10.9			(2.7	)

Projected benefit obligation — end of year	$	1,345.8		$	1,193.5		$	323.0		$	280.4

Change in plan assets:
Fair value of plan assets — beginning of year	$	868.2		$	867.5		$	247.0		$	227.8
Return on plan assets		107.1			71.8			19.2			12.0
Benefits paid		(78.5	)		(76.0	)		(9.3	)		(13.7	)
Contributions (employer and employee)		40.0			4.2			10.6			10.9
Acquisitions		—			0.7			—			11.8
Foreign exchange and other		—			—			9.5			(1.8	)

Fair value of plan assets — end of year	$	936.8		$	868.2		$	277.0		$	247.0

Funded status at year-end		(409.0	)		(325.3	)		(46.0	)		(33.4	)
Amounts recognized in the consolidated balance sheets consist of:
Other assets	$	—		$	—		$	24.9		$	23.7
Accrued expenses		(5.9	)		(6.4	)		(2.6	)		(2.3	)
Other long-term liabilities		(403.1	)		(318.9	)		(68.3	)		(54.8	)

Net amount recognized	$	(409.0	)	$	(325.3	)	$	(46.0	)	$	(33.4	)

Amounts recognized in accumulated other comprehensive loss (pre-tax) consist of:
Net actuarial loss	$	710.8		$	616.4		$	76.0		$	51.3
Net prior service costs (credits)		(0.1	)		(0.7	)		(0.1	)		0.1

Total accumulated comprehensive loss (pre-tax)	$	710.7		$	615.7		$	75.9		$	51.4

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

	Domestic Pension Plans				Foreign Pension Plans

	2012		2011		2012		2011
Projected benefit obligation	$	1,345.8	$	1,193.5	$	119.3	$	112.3
Accumulated benefit obligation		1,331.5		1,176.7		116.4		111.0
Fair value of plan assets		936.8		868.2		48.5		55.3

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

Other changes in plan assets and benefit obligations recognized in other comprehensive income in 2012 were as follows:

	Domestic Plans			Foreign Plans

Current year actuarial loss	$	126.9		$	23.6
Amortization of actuarial loss		(28.5	)		(1.5	)
Amortization of prior service credits		0.6			—
Curtailment gain		(4.0	)		—
Foreign exchange and other		—			2.4

	$	95.0		$	24.5

Schedule of estimated amounts that will be amortized from accumulated other comprehensive loss into net periodic pension benefit expense in 2013

The estimated amounts that will be amortized from accumulated other comprehensive income into net periodic pension benefit expense in 2013 are as follows:

	Domestic Plans		Foreign Plans

Net actuarial loss	$	35.9	$	2.7
Net prior service credits		—		—

	$	35.9	$	2.7

Schedule of assumptions used in accounting for pension plans

	Year ended December 31,

	2012			2011			2010
Domestic Pension Plans
Weighted-average actuarial assumptions used in determining net periodic pension expense:
Discount rate		4.69	%		5.22	%		5.80	%
Rate of increase in compensation levels		3.75	%		4.00	%		4.00	%
Expected long-term rate of return on assets		7.25	%		7.25	%		8.25	%
Weighted-average actuarial assumptions used in determining year-end benefit obligations:
Discount rate		3.74	%		4.69	%		5.22	%
Rate of increase in compensation levels		3.75	%		3.75	%		4.00	%
Foreign Pension Plans
Weighted-average actuarial assumptions used in determining net periodic pension expense:
Discount rate		5.10	%		5.42	%		5.50	%
Rate of increase in compensation levels		3.92	%		4.15	%		4.10	%
Expected long-term rate of return on assets		6.56	%		7.00	%		7.04	%
Weighted-average actuarial assumptions used in determining year-end benefit obligations:
Discount rate		4.35	%		5.10	%		5.42	%
Rate of increase in compensation levels		3.91	%		3.92	%		4.15	%

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

	2012			2011			2012
Global equities		12	%		16	%		20	%
Global equity common trust funds		28	%		27	%		30	%
Fixed income common trust funds		29	%		27	%		20	%
Commingled global fund allocations		26	%		25	%		30	%
Short term investments⁽¹⁾		4	%		4	%		0	%
Other⁽²⁾		1	%		1	%		0	%

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, 2012 and 2011 comprised primarily insurance contracts, private equity and publicly traded real estate trusts.

Schedule of net periodic benefit expense

	Year ended December 31,

	2012			2011			2010
Service cost	$	9.8		$	9.9		$	9.3
Interest cost		54.4			57.4			61.1
Expected return on plan assets		(63.4	)		(65.6	)		(68.4	)
Amortization of unrecognized losses⁽¹⁾		28.5			23.2			36.4
Amortization of unrecognized prior service credits		(0.6	)		(0.9	)		(0.9	)
Curtailment loss		0.1			—			—

Total net periodic pension benefit expense		28.8			24.0			37.5
Less: Net periodic pension benefit expense of discontinued operations		—			—			—

Net periodic pension benefit expense of continuing operations	$	28.8		$	24.0		$	37.5

⁽¹⁾: 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.

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

	2012			2011			2012
Global equity common trust funds		38	%		38	%		43	%
Fixed income common trust funds		40	%		40	%		30	%
Non-U.S. Government securities		13	%		15	%		25	%
Short term investments⁽¹⁾		8	%		5	%		1	%
Other⁽²⁾		1	%		2	%		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 comprised primarily insurance contracts.

Schedule of net periodic benefit expense

	Year ended December 31,

	2012			2011			2010
Service cost	$	2.8		$	2.8		$	2.3
Interest cost		14.6			14.2			14.1
Expected return on plan assets		(16.6	)		(16.2	)		(14.3	)
Amortization of unrecognized losses		1.5			0.9			1.7
Curtailment gain		—			(0.1	)		—

Total net periodic pension benefit expense		2.3			1.6			3.8
Less: Net periodic pension benefit expense of discontinued operations		(1.2	)		(0.7	)		(0.3	)

Net periodic pension benefit expense of continuing operations	$	1.1		$	0.9		$	3.5

Postretirement Plans

Employee Benefit Plans

Schedule of estimated future benefit payments and expected federal subsidies

	Postretirement Payments, net of Subsidies		Postretirement Subsidies

2013	$	14.8	$	1.5
2014		14.2		1.5
2015		13.6		1.5
2016		12.9		1.5
2017		12.2		1.4
Subsequent five years		51.2		6.1

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

	Postretirement Benefits

	2012			2011
Change in accumulated postretirement benefit obligation:
Accumulated postretirement benefit obligation — beginning of year	$	148.7		$	152.5
Service cost		0.5			0.4
Interest cost		6.1			7.0
Actuarial (gain) loss		7.2			(3.9	)
Benefits paid		(13.8	)		(14.3	)
Acquisitions		—			7.0

Accumulated postretirement benefit obligation — end of year	$	148.7		$	148.7

Funded status at year-end	$	(148.7	)	$	(148.7	)

Amounts recognized in the balance sheet consist of:
Accrued expenses	$	(14.6	)	$	(15.7	)
Other long-term liabilities		(134.1	)		(133.0	)

Net amount recognized	$	(148.7	)	$	(148.7	)

Amounts recognized in accumulated other comprehensive loss (pre-tax) consist of:
Net actuarial loss	$	48.6		$	44.9
Net prior service credit		(1.7	)		(3.1	)

Total accumulated comprehensive loss (pre-tax)	$	46.9		$	41.8

Schedule of net periodic benefit expense

	Year ended December 31,

	2012			2011			2010
Service cost	$	0.5		$	0.4		$	0.3
Interest cost		6.1			7.0			8.0
Amortization of unrecognized loss		3.6			4.5			4.2
Amortization of unrecognized prior service credits		(1.4	)		(1.4	)		(1.3	)

Net periodic postretirement benefit expense	$	8.8		$	10.5		$	11.2

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

Other changes in benefit obligations recognized in other comprehensive income in 2012 were as follows:


Current year actuarial loss	$	7.2
Amortization of actuarial loss		(3.6	)
Amortization of prior service credits		1.4

	$	5.0

Schedule of actuarial assumptions used in accounting for plans

	Year ended December 31,

	2012			2011			2010
Assumed health care cost trend rates:
Heath care cost trend rate for next year		7.13	%		7.52	%		7.86	%
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		4.36	%		4.85	%		5.46	%
Discount rate used in determining net year-end postretirement benefit obligation		3.37	%		4.36	%		4.85	%

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

A percentage point change in assumed health care cost trend rates would have had the following effects on 2012 postretirement expense

	1% Increase		1% Decrease

Effect on total of service and interest costs	$	0.4	$	(0.3	)
Effect on postretirement benefit obligation	$	9.2	$	(8.2	)

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Taxes

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

	Year ended December 31,

	2012			2011			2010
Income (loss) from continuing operations:
United States	$	(111.9	)	$	8.0		$	71.2
Foreign		65.4			161.9			152.4

	$	(46.5	)	$	169.9		$	223.6

Provision for (benefit from) income taxes:
Current:
United States	$	—		$	20.7		$	(33.1	)
Foreign		20.9			29.3			17.1

Total current		20.9			50.0			(16.0	)

Deferred and other:
United States		40.4			(43.1	)		65.6
Foreign		(29.4	)		7.4			(4.0	)

Total deferred and other		11.0			(35.7	)		61.6

Total provision	$	31.9		$	14.3		$	45.6

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

	Year ended December 31,

	2012			2011			2010
U.S. federal statutory rate		35.0	%		35.0	%		35.0	%
State and local taxes, net of U.S. federal benefit		(8.8	)		1.3			2.0
U.S. credits and exemptions		10.7			(8.7	)		(0.6	)
Foreign earnings taxed at lower rates		56.8			(5.3	)		(10.8	)
Audit settlements with taxing authorities		59.4			(0.4	)		(0.6	)
Adjustments to uncertain tax positions		(8.4	)		1.5			(3.6	)
Changes in valuation allowance		(23.9	)		(18.4	)		(5.3	)
Law change regarding deductibility of Medicare Part D expenses		—			—			2.8
Tax on repatriation of foreign earnings		(33.1	)		4.1			1.6
Goodwill impairment and basis adjustments		(161.5	)		—			—
Other		5.2			(0.7	)		(0.1	)

		(68.6	)%		8.4	%		20.4	%

Schedule of significant components of deferred tax assets and liabilities

	As of December 31,

	2012			2011
Deferred tax assets:
Working capital accruals	$	33.4		$	37.8
Legal, environmental and self-insurance accruals		39.0			45.6
Pension, other postretirement and postemployment benefits		186.8			169.9
NOL and credit carryforwards		193.2			242.5
Payroll and compensation		53.8			46.1
Other		96.2			71.0

Total deferred tax assets		602.4			612.9
Valuation allowance		(128.1	)		(124.5	)

Net deferred tax assets		474.3			488.4

Deferred tax liabilities:
Accelerated depreciation		61.5			36.1
Basis difference in affiliates		153.9			40.5
Intangible assets recorded in acquisitions		312.9			344.5
Other		23.7			58.9

Total deferred tax liabilities		552.0			480.0

	$	(77.7	)	$	8.4

Schedule of changes in the balance of unrecognized tax benefits

	2012			2011			2010

Unrecognized tax benefit — opening balance	$	85.2		$	95.5		$	120.9
Gross increases — tax positions in prior period		20.6			3.3			13.9
Gross decreases — tax positions in prior period		(33.9	)		(11.4	)		(13.4	)
Gross increases — tax positions in current period		11.8			10.9			8.7
Settlements		(7.1	)		(0.9	)		(24.5	)
Lapse of statute of limitations		(2.7	)		(11.5	)		(8.3	)
Change due to foreign currency exchange rates		(0.1	)		(0.7	)		(1.8	)

Unrecognized tax benefit — ending balance	$	73.8		$	85.2		$	95.5

- 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, 2012

Indebtedness

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

	December 31, 2011		Borrowings		Repayments			Other(4)		December 31, 2012

Domestic revolving loan facility	$	—	$	1,065.0	$	(1,065.0	)	$	—	$	—
Foreign revolving loan facility		30.9		—		(31.9	)		1.0		—
Term loan 1⁽¹⁾		300.0		—		(300.0	)		—		—
Term loan 2⁽¹⁾		500.0		—		(25.0	)		—		475.0
6.875% senior notes		600.0		—		—			—		600.0
7.625% senior notes		500.0		—		—			—		500.0
Trade receivables financing arrangement⁽²⁾		—		127.3		(127.3	)		—		—
Other indebtedness⁽³⁾		70.2		17.7		(26.3	)		55.4		117.0

Total debt		2,001.1	$	1,210.0	$	(1,575.5	)	$	56.4		1,692.0

Less: short-term debt		71.3									33.4
Less: current maturities of long-term debt		4.2									8.7

Total long-term debt	$	1,925.6								$	1,649.9

⁽¹⁾: On December 3, 2012, a portion of the proceeds from the sale of Service Solutions were used to repay $325.0 of the term loans ($300.0 for Term Loan 1 and $25.0 for Term Loan 2). In addition, we have allocated approximately $8.0 of interest expense associated with the $325.0 of term loan repayments to discontinued operations within our consolidated statement of operations for the year ended December 31, 2012.
⁽²⁾: Under this arrangement, we can borrow, on a continuous basis, up to $130.0, as available. At December 31, 2012, we had $46.3 of available borrowing capacity under the facility.
⁽³⁾: Includes balances under a purchase card program of $27.9 and $40.4 and capital lease obligations of $82.3 and $26.0 at December 31, 2012 and December 31, 2011, respectively.
⁽⁴⁾: "Other" includes debt assumed, including $60.0 of capital lease obligations related to the new corporate headquarters building, 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 1.00	0.40	%	0.40	%	2.00	%	0.40	%	1.25	%	2.00	%	1.00	%	2.25	%	1.25	%
Between 2.00 to 1.00 and 3.00 to 1.00	0.35	%	0.35	%	1.875	%	0.35	%	1.125	%	1.875	%	0.875	%	2.125	%	1.125	%
Between 1.50 to 1.00 and 2.00 to 1.00	0.30	%	0.30	%	1.75	%	0.30	%	1.00	%	1.75	%	0.75	%	2.00	%	1.00	%
Between 1.00 to 1.00 and 1.50 to 1.00	0.275	%	0.275	%	1.50	%	0.275	%	0.875	%	1.50	%	0.50	%	1.75	%	0.75	%
Less than 1.00 to 1.00	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, 2012

Financial Instruments

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

	December 31, 2012				December 31, 2011

	Balance Sheet Classification	Fair Value			Balance Sheet Classification	Fair Value
Derivative contracts designated as hedging instruments
Commodity contracts	Other current assets	$	0.2		Other current assets	$	—
FX forward contracts	Other current assets		0.1		Other current assets		—

		$	0.3			$	—

FX forward contracts	Accrued expenses	$	(0.3	)	Accrued expenses	$	(0.4	)
Commodity contracts	Accrued expenses		—		Accrued expenses		(0.8	)

		$	(0.3	)		$	(1.2	)

Derivative contracts not designated as hedging instruments
FX forward contracts	Other current assets	$	0.1		Other current assets	$	—
FX embedded derivatives	Other current assets		0.3		Other current assets		1.2

		$	0.4			$	1.2

FX forward contracts	Accrued expenses	$	(0.1	)	Accrued expenses	$	(0.4	)
FX embedded derivatives	Accrued expenses		(0.9	)	Accrued expenses		(0.3	)
FX embedded derivatives	Other long-term liabilities		(9.8	)	Other long-term liabilities		(14.8	)

		$	(10.8	)		$	(15.5	)

Schedule of effects 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
	2012			2011			2010			Classification of gain (loss) reclassified from AOCI	2012			2011			2010
Swaps	$	—		$	—		$	(9.3	)	Interest Expense	$	—		$	—		$	(12.7	)
										Loss on early extinguishment of interest rate protection agreements and term loan		—			—			(24.3	)
FX Forward contracts		(0.4	)		(0.2	)		(4.9	)	Cost of products sold		(0.7	)		(0.8	)		—
FX embedded derivatives		—			—			2.3		Cost of products sold		—			—			1.8
Commodity contracts		0.4			(1.8	)		1.0		Cost of products sold		(0.8	)		0.6			0.7

	$	—		$	(2.0	)	$	(10.9	)		$	(1.5	)	$	(0.2	)	$	(34.5	)

⁽¹⁾: For the years ended December 31, 2012, 2011 and 2010, gains (losses) of $(0.4), $0.3 and $1.1, respectively, were recognized in "Other income (expense), net" relating to derivative ineffectiveness and amounts excluded from effectiveness testing.

Schedule of the effects 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	2012			2011			2010
FX forward contracts	Other income (expense), net	$	0.6		$	(38.5	)	$	5.0
FX embedded derivatives⁽¹⁾	Other income (expense), net		(0.4	)		1.2			(23.4	)

		$	0.2		$	(37.3	)	$	(18.4	)

⁽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, 2012

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,

2013	$	36.0
2014		28.6
2015		20.4
2016		13.6
2017		9.5
Thereafter		38.6

Total minimum payments	$	146.7

Schedule of future minimum lease payments under capital lease obligations

Year Ending December 31,

2013	$	12.0
2014		9.0
2015		8.5
2016		6.8
2017		6.6
Thereafter		60.3

Total minimum payments		103.2
Less: interest		(20.9	)

Capital lease obligation as of December 31, 2012		82.3
Less: current maturities as of December 31, 2012		(8.7	)

Long-term portion as of December 31, 2012	$	73.6

Schedule of assets held through capital leases agreements

	December 31,

	2012			2011
Machinery and equipment	$	11.1		$	9.4
Buildings⁽¹⁾		76.5			22.5
Land⁽¹⁾		7.5			1.4
Other		3.9			3.7

Total		99.0			37.0
Less: accumulated depreciation		(8.1	)		(9.7	)

Net carrying value	$	90.9		$	27.3

⁽¹⁾: During 2011, we entered into a lease for a new corporate headquarters in Charlotte, NC. Construction of the building was substantially completed by December 2012, with related debt assumed of $60.0 as of December 31, 2012. Annual lease payments for the building are approximately $5.0. In addition, in January 2013, we exercised an option to purchase the land and building, with the sale expected to close in the first half of 2014.

Shareholders' Equity and Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2012

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,

	2012			2011		2010
Numerator:
Income (loss) from continuing operations	$	(78.4	)	$	155.6	$	178.0
Less: Net income (loss) attributable to noncontrolling interests		2.8			5.0		(2.8	)

Income (loss) from continuing operations attributable to SPX Corporation common shareholders for calculating basic and diluted earnings per share	$	(81.2	)	$	150.6	$	180.8

Income from discontinued operations	$	340.4		$	30.0	$	24.8
Less: Net income (loss) attributable to noncontrolling interest		—			—		—

Income from discontinued operations attributable to SPX Corporation common shareholders for calculating basic and diluted earnings per share	$	340.4		$	30.0	$	24.8

Denominator:
Weighted-average number of common shares used in basic earnings per share		50.031			50.499		49.718
Dilutive securities — Employee stock options and restricted stock units		—			0.447		0.629

Weighted-average number of common shares and dilutive securities used in diluted earnings per share		50.031			50.946		50.347

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

	December 31,

	2012			2011
Foreign currency translation adjustment	$	298.1		$	199.7
Net unrealized losses on qualifying cash flow hedges, net of tax benefit of $2.5 and $2.9, respectively		(3.3	)		(4.4	)
Net unrealized losses on available-for-sale securities,		(3.1	)		(1.5	)
Pension and postretirement liability adjustment and other, net of tax benefit of $318.5 and $274.3, respectively⁽¹⁾		(520.6	)		(440.3	)

Accumulated other comprehensive loss	$	(228.9	)	$	(246.5	)

⁽¹⁾: As of December 31, 2012 and 2011, included $3.8 for each year, 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, 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 options exercised	0.174	—		0.174
Share repurchases	—	(3.606	)	(3.606	)
Restricted stock and restricted stock units	0.311	0.085		0.396
Other	0.267	—		0.267

Balance at December 31, 2012	99.454	(51.150	)	48.304

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



January 3, 2012:
SPX Corporation	44.3	%	1.60	%	0.44	%	0.7365
S&P 500 Composite Index	23.1	%	n/a		0.44	%
March 1, 2011:
SPX Corporation	61.0	%	1.27	%	1.03	%	0.7559
S&P 500 Composite Index	30.3	%	n/a		1.03	%

Schedule of restricted stock and restricted stock unit activity

			Weighted-average Grant-Date Fair Value per share

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
Granted	0.823			50.64
Vested	(0.264	)		39.75
Forfeited	(0.064	)		57.77

Outstanding at December 31, 2012	1.935			54.70

Schedule of stock option activity

			Weighted- Average Exercise Price

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
Exercised	(0.174	)		39.58
Terminated	(0.177	)		69.42

Options outstanding and exercisable at December 31, 2012	0.013			62.45

Fair Value (Tables)

12 Months Ended

Dec. 31, 2012

Fair Value

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

Assets and liabilities measured at fair value on a recurring basis include the following as of December 31, 2012:

	Fair Value Measurements Using

	Level 1		Level 2		Level 3
Current assets — FX embedded derivatives, FX forward contracts and commodity contracts	$	—	$	0.7	$	—
Current assets — Investment in equity securities		3.6		—		7.5
Current liabilities — FX forward contracts and FX embedded derivatives		—		1.3		—
Long-term liabilities — FX embedded derivatives		—		9.8		—

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	$	—	$	1.2	$	—
Current assets — Investment in equity 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		—

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, 2010	$	8.5
Unrealized losses recorded to earnings		(0.7	)

Balance at December 31, 2011		7.8
Unrealized losses recorded to earnings		(0.3	)

Balance at December 31, 2012	$	7.5

Schedule of estimated fair values of other financial liabilities (excluding capital leases) not measured at fair value on a recurring basis

	December 31, 2012				December 31, 2011

	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Senior Notes	$	1,100.0	$	1,217.8	$	1,100.0	$	1,198.0
Term Loans		475.0		475.0		800.0		800.0
Other indebtedness		34.7		34.7		75.1		75.1

- 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

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 10

-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 Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 14

-Subparagraph a

-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 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15

-Subparagraph b-d

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph a, c(1), c(2), c(3), d

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 18

-Subparagraph c(2), d, e, f

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

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+ Details

Quarterly Results (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2012

Quarterly Results (Unaudited)

Schedule of quarterly results

	First(3)					Second				Third				Fourth(3)

	2012			2011		2012		2011		2012		2011		2012			2011
Operating revenues	$	1,163.7		$	981.9	$	1,258.1	$	1,134.2	$	1,242.7	$	1,162.7	$	1,435.7		$	1,258.1
Gross profit		300.9			292.0		336.5		313.9		335.1		322.9		402.5			345.9
Income (loss) from continuing operations⁽¹⁾		8.2			20.8		38.5		25.5		54.1		50.8		(179.2	)		58.5
Income from discontinued operations, net of tax⁽¹⁾⁽²⁾		4.6			4.0		9.7		9.5		6.1		11.5		320.0			5.0

Net income		12.8			24.8		48.2		35.0		60.2		62.3		140.8			63.5
Less: Net income (loss) attributable to noncontrolling interests		(0.7	)		1.7		0.8		0.7		2.4		1.6		0.3			1.0

Net income attributable to SPX Corporation common shareholders	$	13.5		$	23.1	$	47.4	$	34.3	$	57.8	$	60.7	$	140.5		$	62.5

Basic earnings per share of common stock:
Continuing operations	$	0.18		$	0.38	$	0.75	$	0.49	$	1.03	$	0.97	$	(3.62	)	$	1.14
Discontinued operations, net of tax		0.09			0.08		0.20		0.19		0.13		0.23		6.45			0.10

Net income	$	0.27		$	0.46	$	0.95	$	0.68	$	1.16	$	1.20	$	2.83		$	1.24

Diluted earnings per share of common stock:
Continuing operations	$	0.17		$	0.37	$	0.74	$	0.48	$	1.03	$	0.97	$	(3.62	)	$	1.13
Discontinued operations, net of tax		0.09			0.08		0.19		0.19		0.13		0.22		6.45			0.10

Net income	$	0.26		$	0.45	$	0.93	$	0.67	$	1.16	$	1.19	$	2.83		$	1.23

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

⁽¹⁾

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, 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.

Incentive compensation for the fourth quarter of 2012 was $20.6 higher than the related figure for the fourth quarter of 2011.

⁽²⁾

During the fourth quarter of 2012, we sold our Service Solutions business to Robert Bosch GmbH resulting in a net gain of $313.4.

⁽³⁾

Summary of Significant Accounting Policies (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2012 businessunit	Dec. 31, 2011	Dec. 31, 2010
Foreign Currency Translation
Foreign currency transaction gains and losses	$ 12.4	$ 41.4	$ 27.5
Revenue Recognition
Number of business units in which sales incentive programs are significant	1
Revenues recognized under percentage of completion method	1,594.7	1,457.5	1,319.0
Costs and estimated earnings on uncompleted contracts
Costs incurred on uncompleted contracts	3,363.0	2,783.5
Estimated earnings to date	804.8	750.6
Aggregate costs incurred on uncompleted contracts and estimated earnings to date	4,167.8	3,534.1
Less: Billings to date	(4,066.7)	(3,514.4)
"Net costs and estimated earnings in excess of billings after the acquisition of Clyde Union (Holdings) S.A.R.L. (""Clyde Union"")"	101.1	19.7
Net costs and estimated earnings in excess of billings assumed in the acquisition of Clyde Union (Holdings) S.A.R.L. ("Clyde Union")	10.0	57.2
Net costs and estimated earnings in excess of billings	111.1	76.9
Billings in excess of costs and estimated earnings
Costs and estimated earnings in excess of billings	359.7	355.9
Billings in excess of costs and estimated earnings on uncompleted contracts	(248.6)	(279.0)
Net costs and estimated earnings in excess of billings	111.1	76.9
Billings in excess of costs and estimated earnings on uncompleted contracts reported as a component of accrued expenses	248.4	275.4
Billings in excess of costs and estimated earnings on uncompleted contracts reported as a component of other long-term liabilities	0.2	3.6
Research and Development Costs
Research and development expense	53.4	52.7	47.2
Property, plant and equipment
Depreciation expense	76.0	64.3	62.4
Interest capitalized	$ 0.5	$ 1.3	$ 3.9
Building
Property, plant and equipment
Useful lives of property, plant and equipment, high end of range (in years)	40.0
Machinery and equipment
Property, plant and equipment
Useful lives of property, plant and equipment, low end of range (in years)	3.0
Useful lives of property, plant and equipment, high end of range (in years)	15.0

Use Of Estimates (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Accrued Expenses
Employee benefits	$ 187.9	$ 181.3
Unearned revenue	476.4	481.7
Warranty	50.5	46.2	38.9
Other	281.8	268.1
Total	996.6	977.3
Analysis of product warranty accrual
Balance at beginning of period	56.3	47.4	49.0
Acquisitions	3.7	7.7	1.7
Provisions	25.3	21.5	20.3
Usage	(24.7)	(20.3)	(23.6)
Balance at end of period	60.6	56.3	47.4
Less: Current portion of warranty	50.5	46.2	38.9
Non-current portion of warranty	10.1	10.1	8.5
Allowance for Doubtful Accounts
Accounts Receivable Allowances
Balance at beginning of year	41.3	44.3	44.6
Acquisitions	2.8	1.2	1.1
Allowances provided	28.0	17.8	18.9
Write-offs, net of recoveries and credits issued	(21.5)	(22.0)	(20.3)
Balance at end of year	$ 50.6	$ 41.3	$ 44.3

Acquisitions, Discontinued Operations and Formation of Shanghai Electric JV (Details) In Millions, except Per Share data, unless otherwise specified	12 Months Ended				0 Months Ended	12 Months Ended				12 Months Ended						12 Months Ended			1 Months Ended	12 Months Ended		1 Months Ended	12 Months Ended	0 Months Ended	12 Months Ended	1 Months Ended
	Dec. 31, 2012 USD ($) Y	Dec. 31, 2011 USD ($)	Dec. 31, 2010 USD ($)	Feb. 28, 2011 B.W. Murdoch Ltd. ("Murdoch") USD ($)	Dec. 22, 2011 Clyde Union GBP (£)	Dec. 31, 2011 Clyde Union USD ($)	Dec. 31, 2010 Clyde Union USD ($)	Dec. 31, 2012 Clyde Union USD ($)	Dec. 22, 2011 Clyde Union USD ($)	Dec. 31, 2012 Clyde Union Customer lists USD ($) Y	Dec. 31, 2012 Clyde Union Customer relationships USD ($) Y	Dec. 31, 2012 Clyde Union Technology USD ($) Y	Dec. 31, 2012 Clyde Union Trademarks USD ($)	Dec. 22, 2011 Clyde Union Minimum GBP (£)	Dec. 22, 2011 Clyde Union Maximum GBP (£)	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 ($)	Mar. 31, 2011 Flow Technology reportable segment B.W. Murdoch Ltd. ("Murdoch") USD ($)	Dec. 31, 2012 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 (€)	Mar. 21, 2012 Flow Technology reportable segment Seital USD ($)	Mar. 31, 2012 Flow Technology reportable segment Seital USD ($)	Jul. 31, 2010 Flow Technology reportable segment Anhydro business ("Anhydro") USD ($)	Feb. 28, 2010 Flow Technology reportable segment Gerstenberg Schroder A/S ("Gerstenberg") USD ($)	Apr. 30, 2010 Industrial Products and Services Torque Tension Systems Ltd. ("TTS") 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													3.8	3.8	2.5		10.9	3.5	2.4
Debt assumed in business acquisition																								0.8			3.9
Revenues of the acquired business for the prior twelve months				13.0												71.0	9.0	57.0					15.3		14.0
Purchase price of the business acquired	34.3	747.5	114.8																8.1			11.7		28.8		59.1	30.9	15.7
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
Amount of increase in goodwill	73.6	3.8
Assets acquired:
Current assets, including cash and equivalents of $44.3								354.1
Property, plant and equipment								89.8
Goodwill								377.2
Intangible assets								374.6
Other assets								25.1
Total assets acquired								1,220.8
Identifiable indefinite-lived intangible assets acquired										3.3	234.4	60.1	76.8
Weighted average useful life (in years)										2.0	30.0	27.0
Gross receivables acquired								152.1
Fair value of gross receivables acquired								148.2
Liabilities assumed:
Current liabilities								287.0
Other long-term liabilities								165.0
Total liabilities assumed								452.0
Noncontrolling interests								1.8
Net assets acquired								767.0
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						4,971.1	4,502.2
Income from continuing operations attributable to SPX Corporation common shareholders						158.5	195.3
Net income attributable to SPX Corporation common shareholders						$ 188.5	$ 220.1
Income from continuing operations:
Basic (in dollars per share)						$ 3.14	$ 3.93
Diluted (in dollars per share)						$ 3.11	$ 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 Formation of Shanghai Electric JV (Details 2) In Millions, unless otherwise specified	3 Months Ended								12 Months Ended					3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended
	Dec. 31, 2012 USD ($)	Sep. 29, 2012 USD ($)	Jun. 30, 2012 USD ($)	Mar. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)	Oct. 01, 2011 USD ($)	Jul. 02, 2011 USD ($)	Apr. 02, 2011 USD ($)	Dec. 31, 2012 USD ($)	Dec. 31, 2011 USD ($)	Dec. 31, 2010 USD ($)	Dec. 31, 2011 January 2012 CNY	Dec. 31, 2012 December 2012 CNY	Mar. 31, 2012 Shanghai Electric JV USD ($)	Dec. 31, 2011 Shanghai Electric JV CNY	Dec. 31, 2012 SPX Service Solutions ("Service Solutions") USD ($)	Dec. 31, 2012 SPX Service Solutions ("Service Solutions") USD ($)	Dec. 31, 2010 Cooling Spain Packaging business ("Cooling Spain") USD ($)	Dec. 31, 2010 Cooling Spain Packaging business ("Cooling Spain") EUR (€)	Dec. 31, 2010 P.S.D., Inc. ("PSD") USD ($)	Dec. 31, 2012 Other businesses sold prior to the earliest date presented in the financial statements 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 ($)	Dec. 31, 2012 Tianyu USD ($)	Dec. 31, 2012 Tianyu CNY	Dec. 31, 2012 Weil McLain Shandong USD ($)
Sale of discontinued operations
Gain (loss) on disposition of discontinued operations, net of tax									$ 313.4	$ 0.3	$ 11.7					$ 313.4	$ 313.4	$ (1.9)		$ 3.6				$ (1.8)		$ 2.2
Impairment charges									3.4	8.2	6.8
Interest acquired in joint venture (as a percent)															45.00%
Dispositions, consideration received												51.5	25.8
Dispositions, consideration to be received															96.7
Net gain associated with deconsolidation				20.5					20.5					20.5
Cash transferred with the business in sale of discontinued operation																		2.3						1.1		3.1
Cash consideration received upon sale of discontinued operation																	1,134.9		1.0	3.0					1.0	2.7
Adjustment to gain (loss) on sale of discontinued operations, net of tax																					(0.4)	0.4	2.7
Recognition of income tax benefits to discontinuing operations											7.3
Income from discontinued operations and related income taxes
Income from discontinued operations									600.0	46.8	19.9
Income tax (expense) benefit									(259.6)	(16.8)	4.9
Income from discontinued operations, net of tax	320.0	6.1	9.7	4.6	5.0	11.5	9.5	4.0	340.4	30.0	24.8
Results of operations for businesses reported as discontinued operations
Revenues									825.0	925.0	793.9
Pre-tax income									44.4	49.8	20.6
Assets:
Accounts receivable, net					195.1					195.1
Inventories					132.4					132.4
Other current assets					10.4					10.4
Property, plant and equipment, net					49.2					49.2
Goodwill and intangibles, net					285.8					285.8
Other assets					58.7					58.7
Assets of discontinued operations					731.6					731.6
Liabilities:
Accounts payable					111.9					111.9
Accrued expenses					114.1					114.1
Income taxes payable					1.5					1.5
Deferred and other income taxes					6.6					6.6
Other liabilities					7.6					7.6
Liabilities of discontinued operations					$ 241.7					$ 241.7

Information on Reportable Segments and Other Operating Segments (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2012	Sep. 29, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Oct. 01, 2011	Jul. 02, 2011	Apr. 02, 2011	Dec. 31, 2012 item	Dec. 31, 2011	Dec. 31, 2010
Business segment
Estimated sales revenue percentage generated from emerging market									30.00%
Number of reportable segments									2
Revenues:
Revenues	$ 1,435.7	$ 1,242.7	$ 1,258.1	$ 1,163.7	$ 1,258.1	$ 1,162.7	$ 1,134.2	$ 981.9	$ 5,100.2	$ 4,536.9	$ 4,098.8
Income:
Total income for reportable and other operating segments									505.9	520.6	533.2
Corporate and other expenses
Corporate expense									108.8	105.9	98.4
Pension and postretirement expense									38.7	35.4	52.2
Stock-based compensation expense									39.4	39.2	29.9
Special charges, net									24.1	25.3	30.7
Impairment of goodwill and other long-term assets									285.9	28.3	1.7
Operating income									9.0	286.5	320.3
Capital expenditures:
Capital expenditures									84.3	147.0	70.9
Depreciation and amortization:
Depreciation and amortization									111.8	87.7	81.9
Identifiable assets:
Identifiable assets	7,130.1				7,391.8				7,130.1	7,391.8	5,993.3
Tangible Long-Lived Assets:
Total tangible long-lived assets	1,478.7				1,466.5				1,478.7	1,466.5	1,210.7
United States
Revenues:
Revenues									2,436.4	2,237.7	2,024.1
Germany
Revenues:
Revenues									358.5	387.6	413.4
China
Revenues:
Revenues									232.3	263.0	347.8
South Africa
Revenues:
Revenues									322.4	281.4	241.5
United Kingdom
Revenues:
Revenues									545.2	239.7	219.1
Other foreign countries
Revenues:
Revenues									1,205.4	1,127.5	852.9
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									10.4	10.3	9.6
Continuing operations
Tangible Long-Lived Assets:
Total tangible long-lived assets	1,478.7				1,358.6				1,478.7	1,358.6	1,093.4
Continuing operations \| United States
Tangible Long-Lived Assets:
Total tangible long-lived assets	1,168.5				1,075.1				1,168.5	1,075.1	854.8
Continuing operations \| Other foreign countries
Tangible Long-Lived Assets:
Total tangible long-lived assets	310.2				283.5				310.2	283.5	238.6
Discontinued operations
Identifiable assets:
Identifiable assets					731.6					731.6	697.6
Tangible Long-Lived Assets:
Total tangible long-lived assets					107.9					107.9	117.3
Flow Technology reportable segment
Revenues:
Revenues									2,682.2	2,042.0	1,662.2
Income:
Total income for reportable and other operating segments									285.1	268.4	215.6
Corporate and other expenses
Special charges, net									18.9	10.5	11.7
Capital expenditures:
Capital expenditures									25.6	59.6	23.2
Depreciation and amortization:
Depreciation and amortization									63.8	41.1	36.5
Identifiable assets:
Identifiable assets	3,611.2				3,359.9				3,611.2	3,359.9	2,098.0
Thermal Equipment and Services reportable segment
Revenues:
Revenues									1,490.9	1,636.4	1,593.2
Income:
Total income for reportable and other operating segments									106.7	142.5	194.2
Corporate and other expenses
Special charges, net									7.6	2.9	16.2
Capital expenditures:
Capital expenditures									10.9	12.2	13.0
Depreciation and amortization:
Depreciation and amortization									22.0	24.0	24.2
Identifiable assets:
Identifiable assets	1,445.4				1,820.5				1,445.4	1,820.5	1,804.1
Industrial Products and Services
Revenues:
Revenues									927.1	858.5	843.4
Income:
Total income for reportable and other operating segments									114.1	109.7	123.4
Corporate and other expenses
Special charges, net									1.0	4.3	0.5
Capital expenditures:
Capital expenditures									21.9	60.1	14.4
Depreciation and amortization:
Depreciation and amortization									19.9	15.6	15.4
Identifiable assets:
Identifiable assets	794.4				774.3				794.4	774.3	664.4
General corporate
Capital expenditures:
Capital expenditures									25.9	15.1	20.3
Depreciation and amortization:
Depreciation and amortization									6.1	7.0	5.8
Identifiable assets:
Identifiable assets	$ 1,279.1				$ 705.5				$ 1,279.1	$ 705.5	$ 729.2
Minimum
Business segment
Number of countries in which entity operates	35								35
Number of countries in which entity sells its products and services									150
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, 2012 Y	Dec. 31, 2011	Dec. 31, 2010
Special charges, net
Period for selling an asset	1
Period for settling liabilities	1
Restructuring charges
Employee Termination Costs	$ 22.5	$ 11.5	$ 18.4
Facility Consolidation Costs	2.6	5.5	4.0
Other cash costs (recoveries), net	(4.4)	0.1	1.5
Non-Cash Asset Write-downs	3.4	8.2	6.8
Special charges, net	24.1	25.3	30.7
Restructuring and integration liabilities
Beginning balance	11.0	17.6	19.5
Special charges	25.5	17.1	23.9
Utilization - cash	(20.1)	(23.4)	(19.9)
Currency translation adjustment and other		(0.3)	(5.9)
Ending balance	16.4	11.0	17.6
Non-Cash special charges	3.4	8.2	6.8
Maximum
Restructuring charges
Expected charges to be incurred	1.0
Flow Technology reportable segment
Restructuring charges
Employee Termination Costs	16.2	6.4	6.1
Facility Consolidation Costs	1.8	4.1	3.0
Other cash costs			0.5
Non-Cash Asset Write-downs	0.9		2.1
Special charges, net	18.9	10.5	11.7
Number of employees terminated resulting from restructuring activities	319	133	152
Asset impairment and facility exit charges	0.9		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	5.7	2.2	11.9
Facility Consolidation Costs	0.2	0.7
Other cash costs (recoveries), net	0.1
Other cash costs			0.3
Non-Cash Asset Write-downs	1.6		4.0
Special charges, net	7.6	2.9	16.2
Number of employees terminated resulting from restructuring activities	195	58	269
Asset impairment and facility exit charges	1.6		4.0
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	(0.1)	2.6	0.4
Facility Consolidation Costs	0.5		0.1
Non-Cash Asset Write-downs	0.6	1.7
Special charges, net	1.0	4.3	0.5
Number of employees terminated resulting from restructuring activities		112	81
Asset impairment and facility exit charges	0.6	1.7
Corporate
Restructuring charges
Employee Termination Costs	0.7	0.3
Facility Consolidation Costs	0.1	0.7	0.9
Other cash costs (recoveries), net	(4.5)
Other cash costs		0.1	0.7
Non-Cash Asset Write-downs	0.3	6.5	0.7
Special charges, net	(3.4)	7.6	2.3
Asset impairment and facility exit charges		6.5	1.1
Corporate \| China
Restructuring charges
Gain on sale of land rights	$ 4.8

Inventories (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Inventories
Finished goods	$ 131.1	$ 162.4
Work in process	186.0	177.6
Raw material and purchased parts	261.1	270.2
Total FIFO cost	578.2	610.2
Excess of FIFO cost over LIFO inventory value	(22.6)	(23.0)
Total inventories	555.6	587.2
Domestic inventories, valued using the last-in, first-out ("LIFO") method, as a percentage of total inventory	19.00%	15.00%
Progress payments, which are netted against work in process	4.1	3.7
Amount of operating income increased	$ 0.1	$ 1.2

Goodwill and Other Intangible Assets (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended	12 Months Ended		3 Months Ended		12 Months Ended
	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2011 SPX Heat Transfer Inc.	Jul. 02, 2011 SPX Heat Transfer Inc.	Dec. 31, 2011 SPX Heat Transfer Inc.	Dec. 31, 2012 Flow Technology reportable segment	Dec. 31, 2011 Flow Technology reportable segment	Dec. 31, 2012 Thermal Equipment and Services reportable segment	Dec. 31, 2011 Thermal Equipment and Services reportable segment	Dec. 31, 2012 Industrial Products and Services	Dec. 31, 2011 Industrial Products and Services
Changes in the carrying amount of goodwill
Gross goodwill, beginning of the period		$ 2,057.1	$ 1,745.7				$ 1,019.9	$ 702.7	$ 586.6	$ 591.5	$ 450.6	$ 451.5
Accumulated impairment, balance at the beginning of the period		(285.0)	(264.3)						(125.3)	(104.5)	(159.7)	(159.8)
Goodwill, balance at the beginning of the period		1,772.1	1,481.4				1,019.9	702.7	461.3	487.0	290.9	291.7
Goodwill resulting from business combinations		14.6	324.8				14.6	324.8
Impairments	(270.4)	(270.4)	(20.8)	(3.6)	(17.2)	(20.8)			(270.4)	(20.8)
Gross goodwill related to foreign currency translation and other		59.6	(13.4)				80.1	(7.6)	(22.9)	(4.9)	2.4	(0.9)
Accumulated impairments related to foreign currency translation and other		(1.9)	0.1								(1.9)	0.1
Goodwill related to foreign currency translation and other		57.7	(13.3)				80.1	(7.6)	(22.9)	(4.9)	0.5	(0.8)
Gross goodwill, end of the period	2,131.3	2,131.3	2,057.1				1,114.6	1,019.9	563.7	586.6	453.0	450.6
Accumulated impairment, balance at the end of the period	(557.3)	(557.3)	(285.0)						(395.7)	(125.3)	(161.6)	(159.7)
Goodwill, balance at the end of the period	1,574.0	1,574.0	1,772.1				1,114.6	1,019.9	168.0	461.3	291.4	290.9
Adjustments resulting from revisions to estimates of fair value of certain assets and liabilities and acquisitions		73.6	3.8
Foreign currency translation adjustments		8.4	9.5
Allocation of goodwill relating to deconsolidation of dry cooling products		$ 24.3

Goodwill and Other Intangible Assets (Details 2) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Intangible assets with determinable lives
Gross carrying value of finite-lived intangible assets	$ 653.1	$ 629.4
Accumulated Amortization	(131.3)	(93.7)
Net carrying value of finite-lived intangible assets	521.8	535.7
Total intangible assets
Gross Carrying Value	1,093.7	1,065.8
Net Carrying Value	962.4	972.1
Impairment charges	281.4
Amortization expense	35.1	23.3	20.7
Estimated amortization expense related to intangible assets
Estimated amortization expense in 2013	36.9
Estimated amortization expense in 2014	30.6
Estimated amortization expense in 2015	30.2
Estimated amortization expense in 2016	29.9
Estimated amortization expense in 2017	29.9
Thermal Equipment and Services reportable segment
Intangible assets with determinable lives
Net carrying value of finite-lived intangible assets	52.4
Total intangible assets
Number of business	2
Impairment charges	4.5	7.5
Industrial Products and Services
Intangible assets with determinable lives
Net carrying value of finite-lived intangible assets	9.7
Total intangible assets
Impairment charges		0.8
Trademarks
Intangible assets with indefinite lives
Trademarks	440.6	436.4
Patents
Intangible assets with determinable lives
Gross carrying value of finite-lived intangible assets	8.6	8.5
Accumulated Amortization	(8.0)	(7.6)
Net carrying value of finite-lived intangible assets	0.6	0.9
Technology
Intangible assets with determinable lives
Gross carrying value of finite-lived intangible assets	190.5	182.2
Accumulated Amortization	(41.7)	(30.5)
Net carrying value of finite-lived intangible assets	148.8	151.7
Customer relationships
Intangible assets with determinable lives
Gross carrying value of finite-lived intangible assets	420.6	400.4
Accumulated Amortization	(63.6)	(44.7)
Net carrying value of finite-lived intangible assets	357.0	355.7
Other
Intangible assets with determinable lives
Gross carrying value of finite-lived intangible assets	33.4	38.3
Accumulated Amortization	(18.0)	(10.9)
Net carrying value of finite-lived intangible assets	$ 15.4	$ 27.4

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			12 Months Ended			3 Months Ended		12 Months Ended
	Dec. 31, 2012	Jul. 02, 2011	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2012 Minimum	Dec. 31, 2012 Clyde Union Holdings, SARL	Dec. 31, 2011 SPX Heat Transfer Inc.	Jul. 02, 2011 SPX Heat Transfer Inc.	Dec. 31, 2011 SPX Heat Transfer Inc.	Dec. 31, 2012 Flow Technology reportable segment	Dec. 31, 2011 Flow Technology reportable segment	Dec. 31, 2010 Flow Technology reportable segment	Dec. 31, 2012 Thermal Equipment and Services reportable segment business	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, 2012 Industrial Products and Services	Dec. 31, 2010 Industrial Products and Services	Dec. 31, 2012 Cooling	Dec. 31, 2011 Cooling	Dec. 31, 2012 Cooling
Intangible assets with determinable lives and indefinite lives
Impairment charges		$ 24.7	$ 285.9	$ 28.3	$ 1.7			$ 3.6	$ 24.7						$ 4.5					$ 281.4		$ 281.4
Goodwill	1,574.0		1,574.0	1,772.1	1,481.4		381.7				1,114.6	1,019.9	702.7	168.0	461.3	487.0	290.9	291.4	291.7	82.9		82.9
Net carrying value of intangible assets with determinable lives	521.8		521.8	535.7							459.7			52.4				9.7
Net carrying value of trademarks with indefinite lives											290.5			134.6				15.5
Goodwill Impairments	270.4		270.4	20.8				3.6	17.2	20.8				270.4	20.8					270.4		270.4
Excess of estimated fair value over carrying value of respective net assets of other reporting units (as a percent)						20.00%															5.00%
Difference between the estimated fair value of acquired unit and the carrying value of its net assets																						125.8
Tangible and intangible assets																						144.6
Impairment charges			281.4											4.5	7.5		0.8			11.0		11.0
Number of business														2
Percentage by which estimated fair value exceeds the carrying value of assets							2.00%
Increase in discount rate in basis points (as a percent)							1.00%
Decrease in fair value of Clyde Union due to increase in discount rate							66.0
Impairment of other assets									$ 7.5	$ 7.5

Investment in Joint Venture (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended						3 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2012 EGS Electrical Group, LLC and subsidiaries ("EGS") M	Dec. 31, 2011 EGS Electrical Group, LLC and subsidiaries ("EGS")	Dec. 31, 2010 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				$ 527.0	$ 495.3	$ 445.4
Gross profit				221.9	201.5	189.2
Net income				87.9	63.7	62.7
Capital expenditures				12.0	16.7	11.9
Depreciation and amortization	111.8	87.7	81.9	10.4	10.3	9.6
Dividends received by SPX				35.2	29.4	30.3
Undistributed earnings attributable to SPX Corporation				8.4	4.6	5.5
SPX's equity earnings in EGS				39.0	28.7	28.8
Carrying value of investment				73.5	68.9
Difference between investment in joint venture and proportionate share of joint venture's net assets				82.9
Business acquisitions, net of cash paid	34.3	747.5	114.8				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				183.5	179.7
Non-current assets				339.6	342.5
Current liabilities				116.9	128.0
Non-current liabilities				$ 33.0	$ 30.1

Employee Benefit Plans (Details)	12 Months Ended
Employee Benefit Plans (Details)	Dec. 31, 2012	Dec. 31, 2011
Domestic Pension Plans
Actual Allocations
Global equities (as a percent)	12.00%	16.00%
Global equity common trust funds (as a percent)	28.00%	27.00%
Fixed income common trust funds (as a percent)	29.00%	27.00%
Commingled global fund allocations (as a percent)	26.00%	25.00%
Short term investments (as a percent)	4.00%	4.00%
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)	20.00%
Global equity common trust funds (as a percent)	30.00%
Fixed income common trust funds (as a percent)	20.00%
Commingled global fund allocations (as a percent)	30.00%
Short term investments (as a percent)	0.00%
Other (as a percent)	0.00%
Total (as a percent)	100.00%
Foreign Pension Plans
Actual Allocations
Global equity common trust funds (as a percent)	38.00%	38.00%
Fixed income common trust funds (as a percent)	40.00%	40.00%
Non-U.S. Government securities (as a percent)	13.00%	15.00%
Short term investments (as a percent)	8.00%	5.00%
Other (as a percent)	1.00%	2.00%
Total (as a percent)	100.00%	100.00%
Mid-point of Target Allocation Range
Global equity common trust funds (as a percent)	43.00%
Fixed income common trust funds (as a percent)	30.00%
Non-U.S. Government securities (as a percent)	25.00%
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, 2012	Dec. 31, 2012 Pension plans	Dec. 31, 2011 Pension plans	Dec. 31, 2012 Pension plans Global equity securities: Capital equipment	Dec. 31, 2011 Pension plans Global equity securities: Capital equipment	Dec. 31, 2012 Pension plans Global equity securities: Consumer goods	Dec. 31, 2011 Pension plans Global equity securities: Consumer goods	Dec. 31, 2012 Pension plans Global equity securities: Energy	Dec. 31, 2011 Pension plans Global equity securities: Energy	Dec. 31, 2012 Pension plans Global equity securities: Finance	Dec. 31, 2011 Pension plans Global equity securities: Finance	Dec. 31, 2012 Pension plans Global equity securities: Materials	Dec. 31, 2011 Pension plans Global equity securities: Materials	Dec. 31, 2012 Pension plans Global equity securities: Services	Dec. 31, 2011 Pension plans Global equity securities: Services	Dec. 31, 2012 Pension plans Global equity securities: Miscellaneous	Dec. 31, 2011 Pension plans Global equity securities: Miscellaneous	Dec. 31, 2012 Pension plans Global Equity Common Trust Funds	Dec. 31, 2011 Pension plans Global Equity Common Trust Funds	Dec. 31, 2012 Pension plans Fixed Income Common Trust Funds	Dec. 31, 2011 Pension plans Fixed Income Common Trust Funds	Dec. 31, 2012 Pension plans Non-U.S. Government securities	Dec. 31, 2011 Pension plans Non-U.S. Government securities	Dec. 31, 2012 Pension plans Commingled Global Fund Allocations	Dec. 31, 2011 Pension plans Commingled Global Fund Allocations	Dec. 31, 2012 Pension plans Short term investments	Dec. 31, 2011 Pension plans Short term investments	Dec. 31, 2012 Pension plans Other	Dec. 31, 2011 Pension plans Other	Dec. 31, 2012 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	Dec. 31, 2012 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: Capital equipment	Dec. 31, 2012 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: Consumer goods	Dec. 31, 2012 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: Energy	Dec. 31, 2012 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: Finance	Dec. 31, 2012 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: Materials	Dec. 31, 2012 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: Services	Dec. 31, 2012 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 securities: Miscellaneous	Dec. 31, 2012 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 Global Equity Common Trust Funds	Dec. 31, 2012 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Fixed Income Common Trust Funds	Dec. 31, 2011 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Fixed Income Common Trust Funds	Dec. 31, 2012 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Commingled Global Fund Allocations	Dec. 31, 2011 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Commingled Global Fund Allocations	Dec. 31, 2012 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Short term investments	Dec. 31, 2011 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Short term investments	Dec. 31, 2012 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Other	Dec. 31, 2011 Quoted Prices in Active Markets for Identical Assets (Level 1) Pension plans Other	Dec. 31, 2012 Significant Observable Inputs (Level 2) Securities collateralized	Dec. 31, 2011 Significant Observable Inputs (Level 2) Securities collateralized	Dec. 31, 2012 Significant Observable Inputs (Level 2) Pension plans	Dec. 31, 2011 Significant Observable Inputs (Level 2) Pension plans	Dec. 31, 2012 Significant Observable Inputs (Level 2) Pension plans Global Equity Common Trust Funds	Dec. 31, 2011 Significant Observable Inputs (Level 2) Pension plans Global Equity Common Trust Funds	Dec. 31, 2012 Significant Observable Inputs (Level 2) Pension plans Fixed Income Common Trust Funds	Dec. 31, 2011 Significant Observable Inputs (Level 2) Pension plans Fixed Income Common Trust Funds	Dec. 31, 2012 Significant Observable Inputs (Level 2) Pension plans Non-U.S. Government securities	Dec. 31, 2011 Significant Observable Inputs (Level 2) Pension plans Non-U.S. Government securities	Dec. 31, 2012 Significant Observable Inputs (Level 2) Pension plans Commingled Global Fund Allocations	Dec. 31, 2011 Significant Observable Inputs (Level 2) Pension plans Commingled Global Fund Allocations	Dec. 31, 2012 Significant Observable Inputs (Level 2) Pension plans Other	Dec. 31, 2012 Significant Unobservable Inputs (Level 3)	Dec. 31, 2011 Significant Unobservable Inputs (Level 3)	Dec. 31, 2010 Significant Unobservable Inputs (Level 3)	Dec. 31, 2012 Significant Unobservable Inputs (Level 3) Global Equity Common Trust Funds	Dec. 31, 2011 Significant Unobservable Inputs (Level 3) Global Equity Common Trust Funds	Dec. 31, 2012 Significant Unobservable Inputs (Level 3) Fixed Income Common Trust Funds	Dec. 31, 2011 Significant Unobservable Inputs (Level 3) Fixed Income Common Trust Funds	Dec. 31, 2010 Significant Unobservable Inputs (Level 3) Fixed Income Common Trust Funds	Dec. 31, 2012 Significant Unobservable Inputs (Level 3) Commingled Global Fund Allocations	Dec. 31, 2011 Significant Unobservable Inputs (Level 3) Commingled Global Fund Allocations	Dec. 31, 2010 Significant Unobservable Inputs (Level 3) Commingled Global Fund Allocations	Dec. 31, 2012 Significant Unobservable Inputs (Level 3) Other	Dec. 31, 2011 Significant Unobservable Inputs (Level 3) Other	Dec. 31, 2010 Significant Unobservable Inputs (Level 3) Other	Dec. 31, 2012 Significant Unobservable Inputs (Level 3) Pension plans	Dec. 31, 2011 Significant Unobservable Inputs (Level 3) Pension plans	Dec. 31, 2012 Significant Unobservable Inputs (Level 3) Pension plans Global Equity Common Trust Funds	Dec. 31, 2011 Significant Unobservable Inputs (Level 3) Pension plans Global Equity Common Trust Funds	Dec. 31, 2012 Significant Unobservable Inputs (Level 3) Pension plans Fixed Income Common Trust Funds	Dec. 31, 2011 Significant Unobservable Inputs (Level 3) Pension plans Fixed Income Common Trust Funds	Dec. 31, 2012 Significant Unobservable Inputs (Level 3) Pension plans Commingled Global Fund Allocations	Dec. 31, 2011 Significant Unobservable Inputs (Level 3) Pension plans Commingled Global Fund Allocations	Dec. 31, 2012 Significant Unobservable Inputs (Level 3) Pension plans Other	Dec. 31, 2011 Significant Unobservable Inputs (Level 3) Pension plans Other
Employee Benefit Plans
Fair value of plan assets		$ 1,213,800,000	$ 1,115,200,000	$ 20,200,000	$ 27,100,000	$ 17,700,000	$ 16,500,000	$ 8,800,000	$ 12,300,000	$ 8,200,000	$ 10,100,000	$ 9,400,000	$ 17,200,000	$ 10,600,000	$ 12,700,000	$ 37,300,000	$ 39,400,000	$ 366,100,000	$ 328,900,000	$ 380,500,000	$ 331,900,000	$ 36,300,000	$ 36,000,000	$ 247,100,000	$ 231,900,000	$ 61,500,000	$ 43,500,000	$ 10,100,000	$ 7,700,000	$ 440,300,000	$ 432,800,000	$ 20,200,000	$ 27,100,000	$ 17,700,000	$ 16,500,000	$ 8,800,000	$ 12,300,000	$ 8,200,000	$ 10,100,000	$ 9,400,000	$ 17,200,000	$ 10,600,000	$ 12,700,000	$ 37,300,000	$ 39,400,000	$ 103,600,000	$ 91,600,000	$ 69,400,000	$ 64,000,000	$ 91,200,000	$ 96,700,000	$ 61,500,000	$ 43,500,000	$ 2,400,000	$ 1,700,000	$ 31,400,000	$ 47,400,000	$ 580,100,000	$ 520,700,000	$ 233,500,000	$ 212,900,000	$ 309,700,000	$ 266,500,000	$ 36,300,000	$ 36,000,000	$ 300,000	$ 5,300,000	$ 300,000	$ 193,400,000	$ 161,700,000	$ 131,900,000	$ 29,000,000	$ 24,400,000	$ 1,400,000	$ 1,400,000	$ 1,300,000	$ 155,600,000	$ 129,900,000	$ 122,400,000	$ 7,400,000	$ 6,000,000	$ 8,200,000	$ 193,400,000	$ 161,700,000	$ 29,000,000	$ 24,400,000	$ 1,400,000	$ 1,400,000	$ 155,600,000	$ 129,900,000	$ 7,400,000	$ 6,000,000
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, 2012	Dec. 31, 2011
Changes in the fair value of Level 3 assets
Fair value of plan assets - beginning of year	$ 161.7	$ 131.9
Realized gains	0.1	1.3
Unrealized gains (losses) relating to instruments still held at period end	16.5	13.9
Purchases	15.8	24.3
Sales	(0.7)	(9.7)
Fair value of plan assets - end of year	193.4	161.7
Global Equity Common Trust Funds
Changes in the fair value of Level 3 assets
Fair value of plan assets - beginning of year	24.4
Unrealized gains (losses) relating to instruments still held at period end	1.8	1.6
Purchases	2.8	24.3
Sales		(1.5)
Fair value of plan assets - end of year	29.0	24.4
Commingled Global Fund Allocations
Changes in the fair value of Level 3 assets
Fair value of plan assets - beginning of year	129.9	122.4
Realized gains		0.7
Unrealized gains (losses) relating to instruments still held at period end	12.7	13.1
Purchases	13.0
Sales		(6.3)
Fair value of plan assets - end of year	155.6	129.9
Fixed Income Common Trust Funds
Changes in the fair value of Level 3 assets
Fair value of plan assets - beginning of year		1.3
Unrealized gains (losses) relating to instruments still held at period end		0.1
Fair value of plan assets - end of year	1.4	1.4
Other
Changes in the fair value of Level 3 assets
Fair value of plan assets - beginning of year	6.0	8.2
Realized gains	0.1	0.6
Unrealized gains (losses) relating to instruments still held at period end	2.0	(0.9)
Sales	(0.7)	(1.9)
Fair value of plan assets - end of year	$ 7.4	$ 6.0

- Definition

+ References+ Details

Employee Benefit Plans (Details 4) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2012
Employee Benefit Plans
Direct benefit, net of federal subsidies paid to unfunded plan	$ 2.3
United States Pension Plans, Defined Benefit
Estimated minimum benefit payments, net of subsidies:
2013	80.5
2014	80.3
2015	145.0
2016	79.8
2017	80.3
Subsequent five years	406.7
Qualified pension plans
Employee Benefit Plans
Contributions made	35.4
Expected minimum required funding contributions in 2013	27.9
Non-qualified pension plans
Employee Benefit Plans
Contributions made	4.5
Expected minimum required funding contributions in 2013	6.0
Foreign Pension Plans
Employee Benefit Plans
Contributions made	10.4
Expected minimum required funding contributions in 2013	17.7
Expected direct benefit payments in next fiscal year	2.8
Estimated minimum benefit payments, net of subsidies:
2013	12.2
2014	12.6
2015	13.4
2016	14.0
2017	14.9
Subsequent five years	77.6
Foreign Pension Plans \| Discontinued operations
Employee Benefit Plans
Contributions made	1.8
Expected minimum required funding contributions in 2013	2.5
Postretirement Plans
Employee Benefit Plans
Direct benefit, net of federal subsidies paid to unfunded plan	13.8
Amount of federal subsidies	1.7
Estimated minimum benefit payments, net of subsidies:
2013	14.8
2014	14.2
2015	13.6
2016	12.9
2017	12.2
Subsequent five years	51.2
Postretirement Subsidies
2013	1.5
2014	1.5
2015	1.5
2016	1.5
2017	1.4
Subsequent five years	$ 6.1

Employee Benefit Plans (Details 5) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Pension plans
Employee Benefit Plans
Non-funded plan, current underfunded status	$ 142.6
Change in plan assets:
Fair value of plan assets - end of year	1,213.8	1,115.2
Domestic Pension Plans
Change in benefit obligation:
Benefit obligation - beginning of year:	1,193.5	1,148.3
Service cost	9.8	9.9	9.3
Interest cost	54.4	57.4	61.1
Actuarial losses (gains)	170.6	53.0
Curtailment gain	(4.0)	(0.1)
Acquisitions		1.0
Benefits paid	(78.5)	(76.0)
Benefit obligation - end of year:	1,345.8	1,193.5	1,148.3
Change in plan assets:
Fair value of plan assets - beginning of year	868.2	867.5
Return on plan assets	107.1	71.8
Benefits paid	(78.5)	(76.0)
Contributions (employer and employee)	40.0	4.2
Acquisitions		0.7
Fair value of plan assets - end of year	936.8	868.2	867.5
Funded status at year-end	(409.0)	(325.3)
Amounts recognized in the consolidated balance sheets consist of:
Accrued expenses	(5.9)	(6.4)
Other long-term liabilities	(403.1)	(318.9)
Net amount recognized	(409.0)	(325.3)
Amounts recognized in accumulated other comprehensive loss (pre-tax) consist of:
Net actuarial loss	710.8	616.4
Net prior service costs (credits)	(0.1)	(0.7)
Total accumulated comprehensive loss (pre-tax)	710.7	615.7
Foreign Pension Plans
Change in benefit obligation:
Benefit obligation - beginning of year:	280.4	254.5
Service cost	2.5	2.5
Interest cost	14.3	14.0
Employee contributions	0.2	0.2
Actuarial losses (gains)	26.3	9.6
Curtailment gain		(0.1)
Acquisitions		16.1
Benefits paid	(11.6)	(13.7)
Foreign exchange and other	10.9	(2.7)
Benefit obligation - end of year:	323.0	280.4
Change in plan assets:
Fair value of plan assets - beginning of year	247.0	227.8
Return on plan assets	19.2	12.0
Benefits paid	(11.6)	(13.7)
Contributions (employer and employee)	10.6	10.9
Acquisitions		11.8
Foreign exchange and other	9.5	(1.8)
Fair value of plan assets - end of year	277.0	247.0
Funded status at year-end	(46.0)	(33.4)
Amounts recognized in the consolidated balance sheets consist of:
Other assets	24.9	23.7
Accrued expenses	(2.6)	(2.3)
Other long-term liabilities	(68.3)	(54.8)
Net amount recognized	(46.0)	(33.4)
Amounts recognized in accumulated other comprehensive loss (pre-tax) consist of:
Net actuarial loss	76.0	51.3
Net prior service costs (credits)	(0.1)	0.1
Total accumulated comprehensive loss (pre-tax)	75.9	51.4
Postretirement Plans
Change in benefit obligation:
Benefit obligation - beginning of year:	148.7	152.5
Service cost	0.5	0.4	0.3
Interest cost	6.1	7.0	8.0
Actuarial losses (gains)	7.2	(3.9)
Acquisitions		7.0
Benefits paid	(13.8)	(14.3)
Benefit obligation - end of year:	148.7	148.7	152.5
Change in plan assets:
Benefits paid	(13.8)	(14.3)
Funded status at year-end	(148.7)	(148.7)
Amounts recognized in the consolidated balance sheets consist of:
Accrued expenses	(14.6)	(15.7)
Other long-term liabilities	(134.1)	(133.0)
Net amount recognized	(148.7)	(148.7)
Amounts recognized in accumulated other comprehensive loss (pre-tax) consist of:
Net actuarial loss	48.6	44.9
Net prior service costs (credits)	(1.7)	(3.1)
Total accumulated comprehensive loss (pre-tax)	$ 46.9	$ 41.8

Employee Benefit Plans (Details 6) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Net periodic pension/postretirement benefit expense
Total net periodic benefit expense	$ 38.7	$ 35.4	$ 52.2
Domestic Pension Plans
Accumulated benefit obligations in excess of the fair value of plan assets
Projected benefit obligation	1,345.8	1,193.5
Accumulated benefit obligation	1,331.5	1,176.7
Fair value of plan assets	936.8	868.2
Accumulated benefit obligation	1,331.5	1,176.7
Net periodic pension/postretirement benefit expense
Service cost	9.8	9.9	9.3
Interest cost	54.4	57.4	61.1
Expected return on plan assets	(63.4)	(65.6)	(68.4)
Amortization of unrecognized losses	28.5	23.2	36.4
Amortization of unrecognized prior service credits	(0.6)	(0.9)	(0.9)
Curtailment (gain) loss	0.1
Total net periodic benefit expense	28.8	24.0	37.5
Net periodic benefit expense of continuing operations	28.8	24.0	37.5
Amount of reduction to pension expense		20.0
Other changes in plan assets and benefit obligations recognized in other comprehensive income
Current year actuarial loss	126.9
Amortization of actuarial loss	(28.5)
Amortization of prior service credits	0.6
Curtailment gain	(4.0)
Total other changes in plan assets and benefit obligations recognized in other comprehensive loss	95.0
Estimated amounts that will be amortized from accumulated other comprehensive income into net periodic benefit expense in 2013
Net actuarial loss	35.9
Aggregate estimated amounts that will be amortized from accumulated other comprehensive loss into net periodic benefit expense	35.9
Weighted-average actuarial assumptions used in determining net periodic pension expense:
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%
Expected long-term rate of return on assets (as a percent)	7.25%	7.25%	8.25%
Weighted-average actuarial assumptions used in determining year-end benefit obligations:
Discount rate (as a percent)	3.74%	4.69%	5.22%
Rate of increase in compensation levels (as a percent)	3.75%	3.75%	4.00%
Foreign Pension Plans
Accumulated benefit obligations in excess of the fair value of plan assets
Projected benefit obligation	119.3	112.3
Accumulated benefit obligation	116.4	111.0
Fair value of plan assets	48.5	55.3
Accumulated benefit obligation	314.8	275.3
Net periodic pension/postretirement benefit expense
Service cost	2.5	2.5
Service cost	2.8	2.8	2.3
Interest cost	14.3	14.0
Interest cost	14.6	14.2	14.1
Expected return on plan assets	(16.6)	(16.2)	(14.3)
Amortization of unrecognized losses	1.5	0.9	1.7
Curtailment (gain) loss		(0.1)
Total net periodic benefit expense	2.3	1.6	3.8
Less: Net periodic benefit expense of discontinued operations	(1.2)	(0.7)	(0.3)
Net periodic benefit expense of continuing operations	1.1	0.9	3.5
Other changes in plan assets and benefit obligations recognized in other comprehensive income
Current year actuarial loss	23.6
Amortization of actuarial loss	(1.5)
Foreign exchange and other	2.4
Total other changes in plan assets and benefit obligations recognized in other comprehensive loss	24.5
Estimated amounts that will be amortized from accumulated other comprehensive income into net periodic benefit expense in 2013
Net actuarial loss	2.7
Aggregate estimated amounts that will be amortized from accumulated other comprehensive loss into net periodic benefit expense	2.7
Weighted-average actuarial assumptions used in determining net periodic pension expense:
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%
Expected long-term rate of return on assets (as a percent)	6.56%	7.00%	7.04%
Weighted-average actuarial assumptions used in determining year-end benefit obligations:
Discount rate (as a percent)	4.35%	5.10%	5.42%
Rate of increase in compensation levels (as a percent)	3.91%	3.92%	4.15%
Postretirement Plans
Net periodic pension/postretirement benefit expense
Service cost	0.5	0.4	0.3
Interest cost	6.1	7.0	8.0
Amortization of unrecognized losses	3.6	4.5	4.2
Amortization of unrecognized prior service credits	(1.4)	(1.4)	(1.3)
Total net periodic benefit expense	8.8	10.5	11.2
Other changes in plan assets and benefit obligations recognized in other comprehensive income
Current year actuarial loss	7.2
Amortization of actuarial loss	(3.6)
Amortization of prior service credits	1.4
Total other changes in plan assets and benefit obligations recognized in other comprehensive loss	5.0
Estimated amounts that will be amortized from accumulated other comprehensive income into net periodic benefit expense in 2013
Net actuarial loss	4.0
Net prior service credits	1.4
Weighted-average actuarial assumptions used in determining net periodic pension expense:
Discount rate (as a percent)	4.36%	4.85%	5.46%
Weighted-average actuarial assumptions used in determining year-end benefit obligations:
Discount rate (as a percent)	3.37%	4.36%	4.85%
Assumed health care cost trend rates:
Heath care cost trend rate for next year (as a percent)	7.13%	7.52%	7.86%
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	(0.3)
Effect of 1% increase on postretirement benefit obligation	9.2
Effect of 1% decrease on postretirement benefit obligation	$ (8.2)

Employee Benefit Plans (Details 7) (IAM National Pension Fund, National Pension Plan, USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
IAM National Pension Fund, National Pension Plan
Multiemployer Benefit Plans
Contributions	$ 0.3	$ 0.3
Maximum contribution to multiemployer plan	5.00%	5.00%
Amortization period of investment losses	29 years
Required amortization period of investment losses	15 years
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, 2012	Dec. 31, 2011	Dec. 31, 2010
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	266	271	269
Compensation expense	$ 15.3	$ 14.8	$ 13.9
Supplemental Retirement Savings Plan (SRSP)
Defined Contribution Retirement Plans
Compensation expense	0.3	0.4	0.4
Supplemental Retirement Savings Plan (SRSP) \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Defined Contribution Retirement Plans
Fair value of plan assets	$ 45.9	$ 47.0

- Definition

+ References+ Details

Income Taxes (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended						12 Months Ended
	Dec. 31, 2012	Mar. 31, 2012	Dec. 31, 2011	Oct. 01, 2011	Jul. 02, 2011	Apr. 02, 2011	Dec. 31, 2012 Y M	Dec. 31, 2011	Dec. 31, 2010
Income (loss) from continuing operations:
United States							$ (111.9)	$ 8.0	$ 71.2
Foreign							65.4	161.9	152.4
Income (loss) from continuing operations before income taxes							(46.5)	169.9	223.6
Current:
United States								20.7	(33.1)
Foreign							20.9	29.3	17.1
Total current							20.9	50.0	(16.0)
Deferred and other:
United States							40.4	(43.1)	65.6
Foreign							(29.4)	7.4	(4.0)
Total deferred and other							11.0	(35.7)	61.6
Total provision							31.9	14.3	45.6
Reconciliation of the U.S. federal statutory tax rate to effective income tax rate
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)							(8.80%)	1.30%	2.00%
U.S. credits and exemptions (as a percent)							10.70%	(8.70%)	(0.60%)
Foreign earnings taxed at lower rates (as a percent)							56.80%	(5.30%)	(10.80%)
Audit settlements with taxing authorities (as a percent)							59.40%	(0.40%)	(0.60%)
Adjustments to uncertain tax positions (as a percent)							(8.40%)	1.50%	(3.60%)
Changes in valuation allowance (as a percent)							(23.90%)	(18.40%)	(5.30%)
Law change regarding deductibility of Medicare Part D expenses (as a percent)									2.80%
Tax on repatriation of foreign earnings (as a percent)							(33.10%)	4.10%	1.60%
Impairment of goodwill and other intangible assets (as a percent)							(161.50%)
Other (as a percent)							5.20%	(0.70%)	(0.10%)
Effective income tax rate (as a percent)							(68.60%)	8.40%	20.40%
Deferred tax assets:
Working capital accruals	33.4		37.8				33.4	37.8
Legal, environmental and self-insurance accruals	39.0		45.6				39.0	45.6
Pension, other postretirement and postemployment benefits	186.8		169.9				186.8	169.9
NOL and credit carryforwards	193.2		242.5				193.2	242.5
Payroll and compensation	53.8		46.1				53.8	46.1
Other	96.2		71.0				96.2	71.0
Total deferred tax assets	602.4		612.9				602.4	612.9
Valuation allowance	(128.1)		(124.5)				(128.1)	(124.5)
Net deferred tax assets	474.3		488.4				474.3	488.4
Deferred tax liabilities:
Accelerated depreciation	61.5		36.1				61.5	36.1
Basis difference in affiliates	153.9		40.5				153.9	40.5
Intangibles recorded in acquisitions	312.9		344.5				312.9	344.5
Other	23.7		58.9				23.7	58.9
Total deferred tax liabilities	552.0		480.0				552.0	480.0
Deferred tax assets (liabilities), net	(77.7)		8.4				(77.7)	8.4
Operating Loss Carryforwards
Impairment charges related to cooling					24.7		285.9	28.3	1.7
Carryforwards expiring in 2013	15.0						15.0
Carryforwards expiring between 2013 and 2031	446.0						446.0
Decrease in valuation allowance recognized as a reduction in tax expense from continuing operations							5.4	31.2
Decrease in valuation allowance recognized as a (increase) decrease in tax expense from discontinued operations								7.7
Increase (decrease) in valuation allowance							3.6	(38.2)
Undistributed foreign earnings							1,580.0
Foreign earnings from the service solution sale to be repatriated in future							313.0
Foreign earnings from the service solution sale to be repatriated in future							100.8
Foreign withholding taxes recorded to discontinued operations							91.8
Gross unrecognized tax benefits	73.8		85.2				73.8	85.2	95.5
Net unrecognized tax benefits	37.9		68.0				37.9	68.0	77.4
Portion of unrecognized benefits which, if recognized, would impact future effective tax rates	37.4						37.4
Gross accrued interest	8.1		12.9				8.1	12.9	15.6
Net accrued interest	5.7		10.1				5.7	10.1	11.3
Gross interest income included in income tax provision							3.8	2.3	4.0
Reasonably possible amount that unrecognized tax benefits could decrease within next twelve months, low end of range	10.0						10.0
Reasonably possible amount that unrecognized tax benefits could decrease within next twelve months, high end of range	20.0						20.0
Aggregate changes in balance of unrecognized tax benefits
Unrecognized tax benefit - opening balance		85.2				95.5	85.2	95.5	120.9
Gross increases - tax positions in prior period							20.6	3.3	13.9
Gross decreases - tax positions in prior period							(33.9)	(11.4)	(13.4)
Gross increases - tax positions in current period							11.8	10.9	8.7
Settlements							(7.1)	(0.9)	(24.5)
Lapse of statute of limitations							(2.7)	(11.5)	(8.3)
Change due to foreign currency exchange rates							(0.1)	(0.7)	(1.8)
Unrecognized tax benefit - ending balance	73.8		85.2				73.8	85.2	95.5
Uncertain Tax Positions and Other Tax Matters
Income tax charges related to foreign dividends and undistributed foreign earnings that are no longer considered to be indefinitely reinvested	15.4						15.4
Tax expense partially offset with the deconsolidation of dry cooling business in China		6.1					6.1
Income tax charges related to valuation allowances recorded against deferred income tax assets	6.3						5.4
Tax benefit related to audit settlements and statute expirations	21.0						23.7
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									18.2
Income tax benefit resulting from settlement with taxing authority recorded in discontinued operations									7.3
Favorable impact effective income tax rate related to uncertain tax positions									16.0
Domestic charge for the taxation of prescription drug costs for retirees that partially offset benefits									6.2
Repatriation of foreign earnings that partially offset benefits									3.6
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
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
Cooling
Operating Loss Carryforwards
Income tax benefit associated with the impairment charges related to cooling							26.3
Impairment charges related to cooling	281.4						281.4
State and Local Jurisdiction
Operating Loss Carryforwards
Tax loss carryforwards	366.0						366.0
Tax credit carryforwards	30.4						30.4
Foreign Country
Operating Loss Carryforwards
Tax loss carryforwards	$ 684.0						$ 684.0

Indebtedness (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended					0 Months Ended	12 Months Ended							12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2012 Domestic revolving credit facility	Dec. 31, 2012 Foreign revolving loan facility	Dec. 03, 2012 Term loan	Dec. 31, 2012 Term loan 1	Dec. 31, 2012 Term loan 2	Dec. 31, 2012 6.875% senior notes	Dec. 31, 2011 6.875% senior notes	Dec. 31, 2012 7.625% senior notes	Dec. 31, 2011 7.625% senior notes	Dec. 31, 2007 7.625% senior notes	Dec. 31, 2012 Trade receivables financing arrangement	Dec. 31, 2012 Other indebtedness	Dec. 31, 2011 Other indebtedness	Dec. 31, 2012 Participation foreign credit instrument facility	Dec. 31, 2012 Bilateral foreign credit instrument facility	Dec. 31, 2012 Global revolving credit facility
Debt
Balance at the beginning of the period	$ 2,001.1				$ 30.9		$ 300.0	$ 500.0	$ 600.0	$ 600.0	$ 500.0	$ 500.0			$ 70.2
Borrowings	1,210.0			1,065.0										127.3	17.7
Repayments	(1,575.5)			(1,065.0)	(31.9)	(325.0)	(300.0)	(25.0)						(127.3)	(26.3)
Other	56.4				1.0										55.4
Balance at the end of the period	1,692.0	2,001.1						475.0	600.0	600.0	500.0	500.0			117.0
Interest expense	(114.4)	(97.0)	(86.9)			(8.0)
Short-term debt	33.4	71.3
Current maturities of long-term debt	8.7	4.2
Total long-term debt	1,649.9	1,925.6
Interest rate percentage									6.875%		7.625%		7.625%
Purchase card program															27.9	40.4
Capital lease obligations	82.3														82.3	26.0
Maximum borrowing capacity under financing arrangement				300.0										130.0			1,000.0	200.0	300.0
Debt assumed in capital lease obligations															60.0
Debt repayable in quarterly installments								475.0
Maturities of long-term debt payable
2013	8.7
2014	581.4
2015	106.0
2016	304.6
2017	$ 604.5

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
	Dec. 31, 2012	Dec. 31, 2012 Greater than or equal to 3.00 to 1.00	Dec. 31, 2012 Between 2.00 to 1.00 and 3.00 to 1.00 Minimum	Dec. 31, 2012 Between 2.00 to 1.00 and 3.00 to 1.00 Maximum	Dec. 31, 2012 Between 1.50 to 1.00 and 2.00 to 1.00 Minimum	Dec. 31, 2012 Between 1.50 to 1.00 and 2.00 to 1.00 Maximum	Dec. 31, 2012 Between 1.00 to 1.00 and 1.50 to 1.00 Minimum	Dec. 31, 2012 Between 1.00 to 1.00 and 1.50 to 1.00 Maximum	Dec. 31, 2012 Less than 1.00 to 1.00	Dec. 31, 2012 Alternate Base Rate Greater than or equal to 3.00 to 1.00	Dec. 31, 2012 Alternate Base Rate Between 2.00 to 1.00 and 3.00 to 1.00	Dec. 31, 2012 Alternate Base Rate Between 1.50 to 1.00 and 2.00 to 1.00	Dec. 31, 2012 Alternate Base Rate Between 1.00 to 1.00 and 1.50 to 1.00	Dec. 31, 2012 Alternate Base Rate Less than 1.00 to 1.00	Dec. 31, 2012 Reserve adjusted LIBOR rate Greater than or equal to 3.00 to 1.00	Dec. 31, 2012 Reserve adjusted LIBOR rate Between 2.00 to 1.00 and 3.00 to 1.00	Dec. 31, 2012 Reserve adjusted LIBOR rate Between 1.50 to 1.00 and 2.00 to 1.00	Dec. 31, 2012 Reserve adjusted LIBOR rate Between 1.00 to 1.00 and 1.50 to 1.00	Dec. 31, 2012 Reserve adjusted LIBOR rate Less than 1.00 to 1.00	Dec. 31, 2010 Interest Rate Swaps	Dec. 31, 2012 Letter of credit	Dec. 31, 2012 Letter of credit Greater than or equal to 3.00 to 1.00	Dec. 31, 2012 Letter of credit Between 2.00 to 1.00 and 3.00 to 1.00	Dec. 31, 2012 Letter of credit Between 1.50 to 1.00 and 2.00 to 1.00	Dec. 31, 2012 Letter of credit Between 1.00 to 1.00 and 1.50 to 1.00	Dec. 31, 2012 Letter of credit Less than 1.00 to 1.00	Dec. 31, 2012 Senior credit facility quarter D	Dec. 31, 2012 Senior credit facility Minimum	Dec. 31, 2012 Senior credit facility Maximum	Dec. 31, 2012 Senior credit facility Debt Instrument, variable prime rate	Dec. 31, 2012 Senior credit facility Federal funds alternative base rate	Dec. 31, 2012 Senior credit facility LIBOR alternative base rate	Dec. 31, 2012 Senior credit facility Reserve adjusted LIBOR rate	Dec. 31, 2012 Senior credit facility Letter of credit	Dec. 31, 2012 Term loan 2	Dec. 31, 2012 Domestic and global revolving credit facilities	Dec. 31, 2012 Domestic revolving credit facility	Dec. 31, 2012 Domestic revolving credit facility Greater than or equal to 3.00 to 1.00	Dec. 31, 2012 Domestic revolving credit facility Between 2.00 to 1.00 and 3.00 to 1.00	Dec. 31, 2012 Domestic revolving credit facility Between 1.50 to 1.00 and 2.00 to 1.00	Dec. 31, 2012 Domestic revolving credit facility Between 1.00 to 1.00 and 1.50 to 1.00	Dec. 31, 2012 Domestic revolving credit facility Less than 1.00 to 1.00	Dec. 31, 2012 Global revolving credit facility	Dec. 31, 2012 Global revolving credit facility Greater than or equal to 3.00 to 1.00	Dec. 31, 2012 Global revolving credit facility Between 2.00 to 1.00 and 3.00 to 1.00	Dec. 31, 2012 Global revolving credit facility Between 1.50 to 1.00 and 2.00 to 1.00	Dec. 31, 2012 Global revolving credit facility Between 1.00 to 1.00 and 1.50 to 1.00	Dec. 31, 2012 Global revolving credit facility Less than 1.00 to 1.00	Dec. 31, 2012 Foreign credit instrument facility Greater than or equal to 3.00 to 1.00	Dec. 31, 2012 Foreign credit instrument facility Between 2.00 to 1.00 and 3.00 to 1.00	Dec. 31, 2012 Foreign credit instrument facility Between 1.50 to 1.00 and 2.00 to 1.00	Dec. 31, 2012 Foreign credit instrument facility Between 1.00 to 1.00 and 1.50 to 1.00	Dec. 31, 2012 Foreign credit instrument facility Less than 1.00 to 1.00	Dec. 31, 2012 Participation foreign credit instrument facility	Dec. 31, 2012 Letters of credit under separate arrangements in China, South Africa, and India	Dec. 31, 2012 Term loan	Dec. 31, 2012 Term loan LIBOR alternative base rate Greater than or equal to 3.00 to 1.00	Dec. 31, 2012 Term loan LIBOR alternative base rate Between 2.00 to 1.00 and 3.00 to 1.00	Dec. 31, 2012 Term loan LIBOR alternative base rate Between 1.50 to 1.00 and 2.00 to 1.00	Dec. 31, 2012 Term loan LIBOR alternative base rate Between 1.00 to 1.00 and 1.50 to 1.00	Dec. 31, 2012 Term loan LIBOR alternative base rate Less than 1.00 to 1.00	Dec. 31, 2012 Term loan Reserve adjusted LIBOR rate Greater than or equal to 3.00 to 1.00	Dec. 31, 2012 Term loan Reserve adjusted LIBOR rate Between 2.00 to 1.00 and 3.00 to 1.00	Dec. 31, 2012 Term loan Reserve adjusted LIBOR rate Between 1.50 to 1.00 and 2.00 to 1.00	Dec. 31, 2012 Term loan Reserve adjusted LIBOR rate Between 1.00 to 1.00 and 1.50 to 1.00	Dec. 31, 2012 Term loan Reserve adjusted LIBOR rate Less than 1.00 to 1.00	Dec. 31, 2012 Foreign Credit Commitment	Dec. 31, 2012 Foreign Credit Commitment Greater than or equal to 3.00 to 1.00	Dec. 31, 2012 Foreign Credit Commitment Between 2.00 to 1.00 and 3.00 to 1.00	Dec. 31, 2012 Foreign Credit Commitment Between 1.50 to 1.00 and 2.00 to 1.00	Dec. 31, 2012 Foreign Credit Commitment Between 1.00 to 1.00 and 1.50 to 1.00	Dec. 31, 2012 Foreign Credit Commitment Less than 1.00 to 1.00	Dec. 31, 2012 Foreign Credit Commitment Letter of credit
Credit Facilities
Maximum borrowing capacity under financing arrangement																											$ 2,600.0										$ 300.0						$ 300.0											$ 1,000.0
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%
Termination costs of swap and term loan under previously existing senior credit facilities																				25.6
Write-off of deferred financing costs																				1.1
Costs associated with early termination of swaps																				24.3
Early termination fee																				0.2
Amount of available borrowing capacity																																				533.6																															414.3
Letters of credit issued, amount outstanding																																		66.4																					7.2																		785.7
Additional commitments SPX may seek to add																											525.0
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, range		3.00							1.00
Consolidated leverage ratio			2.00	3.00	1.50	2.00	1.00	1.50
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)																											2.40%
Commitment fee on daily unused amount (as a percent)																																																								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 subsidiaries 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 Interest Coverage Ratio under senior credit facilities' covenants (in number of quarters)																											4
Number of trailing fiscal quarters used in calculating the Consolidated Leverage 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																												3.50
Consolidated Leverage Ratio under senior credit facilities' covenants																													3.25
Consolidated Leverage Ratio under senior credit facilities' covenants after certain permitted acquisitions																											3.50
Maximum consolidated Leverage Ratio necessary for unlimited amount of capital stock repurchases and dividend payments under senior credit facilities' covenants																													2.50
Consolidated Leverage Ratio restricting amount of capital stock repurchases and dividend payments under senior credit facilities' covenants																												2.50
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
	Dec. 31, 2012 6.875% senior unsecured notes	Aug. 31, 2010 6.875% senior unsecured notes	Dec. 31, 2012 Trade receivables financing arrangement	Dec. 31, 2012 7.625% senior notes	Dec. 31, 2007 7.625% senior notes	Dec. 31, 2012 Other indebtedness	Dec. 31, 2011 Other indebtedness
Debt activity
Aggregate principal amount		$ 600.0			$ 500.0
Interest rate percentage	6.875%	6.875%		7.625%	7.625%
Repayments under senior credit facilities	562.5
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%
Trade receivables from financing agreement, maximum borrowing capacity			130.0
Other Borrowings and Financing Activities
Outstanding amount, purchase card program agreement						27.9	40.4
Amount of available borrowing capacity			$ 46.3

Financial Instruments (Details) (USD $) In Millions, unless otherwise specified			12 Months Ended											0 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012 FX embedded derivatives and FX forward contracts	Dec. 31, 2011 FX embedded derivatives and FX forward contracts	Dec. 31, 2010 FX embedded derivatives and FX forward contracts	Dec. 31, 2012 FX forward contracts	Dec. 31, 2011 FX forward contracts	Dec. 31, 2012 FX forward contracts Minimum	Dec. 31, 2012 FX forward contracts Maximum	Dec. 31, 2012 FX embedded derivatives	Dec. 31, 2011 FX embedded derivatives	Dec. 31, 2012 Commodity contracts lb	Dec. 31, 2011 Commodity contracts lb	Aug. 31, 2010 Interest Rate Swaps
Derivative disclosures
Aggregate notional amount						$ 107.3	$ 66.1			$ 96.3	$ 73.2
Derivative contracts maturities in 2013						102.0				77.4
Derivative contracts maturities in 2014						5.3				11.4
Derivative contracts maturities in 2015										7.5
Derivative contract maturity period								1 year	2 years
Unrealized gain (loss), net of tax, recorded in AOCI related to commodity and FX forward contracts	3.3	4.4				3.4	3.7					0.1	(0.7)
Net loss recorded related to derivatives			0.2	37.0	17.3
Unrealized gain (loss) reclassified into income over the next 12 months	1.9
Percentage of strength of U.S. Dollar against GBP from inception of agreement						4.00%
Cash payment resulting from settlement of contracts							34.6
Notional amount of commodity contracts (in pounds of copper)												3,300,000	2,900,000
Fair value of derivative contract												0.2	(0.8)
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

Financial Instruments (Details 2) (USD $) In Millions, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Derivative contracts designated as hedging instruments \| Other current assets
Fair value of derivative financial instruments
Fair value of derivative assets	$ 0.3
Derivative contracts designated as hedging instruments \| Accrued expenses
Fair value of derivative financial instruments
Fair value of derivative liability	(0.3)	(1.2)
Derivative contracts designated as hedging instruments \| FX forward contracts \| Other current assets
Fair value of derivative financial instruments
Fair value of derivative assets	0.1
Derivative contracts designated as hedging instruments \| FX forward contracts \| Accrued expenses
Fair value of derivative financial instruments
Fair value of derivative liability	(0.3)	(0.4)
Derivative contracts designated as hedging instruments \| Commodity contracts \| Other current assets
Fair value of derivative financial instruments
Fair value of derivative assets	0.2
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	(10.8)	(15.5)
Derivative contracts not designated as hedging instruments \| Other current assets
Fair value of derivative financial instruments
Fair value of derivative assets	0.4	1.2
Derivative contracts not designated as hedging instruments \| FX forward contracts \| Other current assets
Fair value of derivative financial instruments
Fair value of derivative assets	0.1
Derivative contracts not designated as hedging instruments \| FX forward contracts \| Accrued expenses
Fair value of derivative financial instruments
Fair value of derivative liability	(0.1)	(0.4)
Derivative contracts not designated as hedging instruments \| FX embedded derivatives \| Other current assets
Fair value of derivative financial instruments
Fair value of derivative assets	0.3	1.2
Derivative contracts not designated as hedging instruments \| FX embedded derivatives \| Accrued expenses
Fair value of derivative financial instruments
Fair value of derivative liability	(0.9)	(0.3)
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	$ (9.8)	$ (14.8)

- 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, 2012	Dec. 31, 2011	Dec. 31, 2010
Cash flow hedge
Derivative instrument disclosures
Amount of gain (loss) recognized in AOCI, pre-tax		$ (2.0)	$ (10.9)
Amount of gain (loss) reclassified from AOCI to income, pre-tax	(1.5)	(0.2)	(34.5)
Derivative gains (losses) recognized in other income (expense), net, relating to derivative ineffectiveness and amounts excluded from effectiveness testing	(0.4)	0.3	1.1
Cash flow hedge \| Interest Rate Swaps
Derivative instrument disclosures
Amount of gain (loss) recognized in AOCI, pre-tax			(9.3)
Cash flow hedge \| Interest Rate Swaps \| Interest expense.
Derivative instrument disclosures
Amount of gain (loss) reclassified from AOCI to income, pre-tax			(12.7)
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	(0.4)	(0.2)	(4.9)
Cash flow hedge \| FX forward contracts \| Cost of products sold
Derivative instrument disclosures
Amount of gain (loss) reclassified from AOCI to income, pre-tax	(0.7)	(0.8)
Cash flow hedge \| FX embedded derivatives
Derivative instrument disclosures
Amount of gain (loss) recognized in AOCI, pre-tax			2.3
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	0.4	(1.8)	1.0
Cash flow hedge \| Commodity contracts \| Cost of products sold
Derivative instrument disclosures
Amount of gain (loss) reclassified from AOCI to income, pre-tax	(0.8)	0.6	0.7
Derivative contracts not designated as hedging instruments
Derivative instrument disclosures
Amount of gain (loss) recognized in income	0.2	(37.3)	(18.4)
Derivative contracts not designated as hedging instruments \| FX forward contracts \| Other income (expense)
Derivative instrument disclosures
Amount of gain (loss) recognized in income	0.6	(38.5)	5.0
Derivative contracts not designated as hedging instruments \| FX embedded derivatives \| Other income (expense)
Derivative instrument disclosures
Amount of gain (loss) recognized in income	(0.4)	1.2	(23.4)
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	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Future minimum rental payments under operating leases with remaining non-cancelable term
2013	$ 36.0
2014	28.6
2015	20.4
2016	13.6
2017	9.5
Thereafter	38.6
Total minimum payments	146.7
Total operating lease expense	62.3	47.1	48.8
Future minimum lease payments under capital obligations
2013	12.0
2014	9.0
2015	8.5
2016	6.8
2017	6.6
Thereafter	60.3
Total minimum payments	103.2
Less: interest	(20.9)
Capital lease obligation, at the end of the period	82.3
Less: current maturities, at the end of the period	(8.7)	(4.2)
Long-term portion, at the end of the period	73.6	21.8
Capital Leases
Total	99.0	37.0
Less: accumulated depreciation	(8.1)	(9.7)
Net carrying value	90.9	27.3
Machinery and Equipment
Capital Leases
Total	11.1	9.4
Buildings
Capital Leases
Total	76.5	22.5
Debt assumed	60.0
Annual lease payments for the building	5.0
Land
Capital Leases
Total	7.5	1.4
Other
Capital Leases
Total	$ 3.9	$ 3.7

Commitments, Contingent Liabilities and Other Matters (Details 2) (USD $) In Millions, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Contingencies and other matters
Carrying values of accruals	$ 548.6	$ 558.3
Accruals included in other long-term liabilities	497.0	491.8
Risk management matters
Contingencies and other matters
Carrying values of accruals	501.3	495.6
Insurance recovery assets	$ 430.6	$ 428.9

Commitments, Contingent Liabilities and Other Matters (Details 3) (Site investigation and remediation)	Dec. 31, 2012 site	Dec. 31, 2011 site
Site investigation and remediation
Environmental Matters
Number of sites	95	92
Number of third-party disposal sites for which entity is potentially responsible	23	28
Number of active sites	6	12

Commitments, Contingent Liabilities and Other Matters (Details 4) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Board Of Directors
Executive Agreements
Number of Board approved executive employment agreements (in executives)	8
Number of officers having outstanding non-interest bearing relocation home loans	2
Repayment tenure of non-interest bearing relocation home loans (in years)	20
Amount of relocation home loans	$ 3.0
Board Of Directors \| Minimum
Executive Agreements
Period of rolling term of employment agreements (in years)	1
Board Of Directors \| Maximum
Executive Agreements
Period of rolling term of employment agreements (in years)	2
Consortium arrangements \| Thermal Equipment and Services reportable segment
Collaborative Arrangements
Entity's share of the aggregate contract value on open consortium arrangements	264.4	324.0
Percentage of entity's share of the aggregate contract value, recognized as revenue	62.00%	56.00%
Aggregate contract value on open consortium arrangements	740.9	801.1
Estimated fair value of potential obligation recorded as a liabilities	$ 1.5	$ 1.9

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, 2012	Sep. 29, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Oct. 01, 2011	Jul. 02, 2011	Apr. 02, 2011	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Numerator:
Income (loss) from continuing operations	$ (179.2)	$ 54.1	$ 38.5	$ 8.2	$ 58.5	$ 50.8	$ 25.5	$ 20.8	$ (78.4)	$ 155.6	$ 178.0
Less: Net income (loss) attributable to noncontrolling interests									2.8	5.0	(2.8)
Income (loss) from continuing operations attributable to SPX Corporation common shareholders for calculating basic and diluted earnings per share									(81.2)	150.6	180.8
Income from discontinued operations	320.0	6.1	9.7	4.6	5.0	11.5	9.5	4.0	340.4	30.0	24.8
Income from discontinued operations attributable to SPX Corporation common shareholders for calculating basic and diluted earnings per share									$ 340.4	$ 30.0	$ 24.8
Denominator:
Weighted-average number of common shares used in basic earnings per share									50,031	50,499	49,718
Dilutive securities - Employee stock options and restricted stock units										447	629
Weighted-average number of common and dilutive securities used for calculating diluted income per share									50,031	50,946	50,347
Stock options
Stock-Based Compensation
The number of options or units that were excluded from the computation of diluted earnings per share (in shares)									3	117	405
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)									1,031	633	102

Shareholders' Equity and Stock-Based Compensation (Details 2) (USD $) In Millions, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2011
Accumulated Other Comprehensive Loss
Foreign currency translation adjustment	$ 298.1	$ 199.7
Net unrealized losses on qualifying cash flow hedges, net of tax	(3.3)	(4.4)
Net unrealized losses on qualifying cash flow hedges, tax	2.5	2.9
Net unrealized losses on available-for-sale securities	(3.1)	(1.5)
Pension and postretirement liability adjustment and other, net of tax	(520.6)	(440.3)
Pension and postretirement liability adjustment and other, tax benefit	318.5	274.3
Accumulated other comprehensive loss	(228.9)	(246.5)
EGS Electrical Group, LLC and subsidiaries ("EGS")
Accumulated other comprehensive loss
Pension liability adjustment related to joint venture	$ 3.8	$ 3.8

Shareholders' Equity and Stock-Based Compensation (Details 3) (USD $)	1 Months Ended	6 Months Ended	12 Months Ended
	Dec. 31, 2012	Jun. 30, 2012	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Summary of common shares issued, treasury shares and shares outstanding
Balance at the beginning of the period (in shares)		51,073,419	51,073,419	50,294,000	49,368,000
Stock options exercised (in shares)			174,000	154,000	238,000
Share repurchases (in shares)			(3,606,000)
Restricted stock and restricted stock units (in shares)			396,000	354,000	420,000
Other (in shares)			267,000	271,000	268,000
Balance at the end of the period (in shares)	48,303,707		48,303,707	51,073,419	50,294,000
Common Stock
Authorized shares (in shares)	200,000,000		200,000,000
Par value (in dollars per share)	$ 10.00		$ 10.00
Summary of common shares issued, treasury shares and shares outstanding
Balance at the beginning of the period (in shares)		98,702,000	98,702,000	98,068,000	97,284,000
Stock options exercised (in shares)			174,000	154,000	238,000
Restricted stock and restricted stock units (in shares)			311,000	209,000	278,000
Other (in shares)			267,000	271,000	268,000
Balance at the end of the period (in shares)	99,454,000		99,454,000	98,702,000	98,068,000
Common Stock In Treasury
Summary of common shares issued, treasury shares and shares outstanding
Balance at the beginning of the period (in shares)		(47,629,000)	(47,629,000)	(47,774,000)	(47,916,000)
Share repurchases (in shares)	(2,600,000)	(1,000,000)	(3,606,000)
Restricted stock and restricted stock units (in shares)			85,000	145,000	142,000
Balance at the end of the period (in shares)	(51,150,000)		(51,150,000)	(47,629,000)	(47,774,000)

- 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	0 Months Ended	1 Months Ended	12 Months Ended
	Jan. 03, 2012 Y	Mar. 31, 2011 Y	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Stock-based Compensation
Vesting period			3 years
Maximum period over which the fair value of restricted stock and restricted stock units are amortized (in years)			three years
Compensation expense			$ 39.4	$ 39.2	$ 29.9
Related tax benefit			15.3	14.7	11.1
Assumptions in determining the fair value of awards granted
Annual expected stock price volatility (as a percent)	44.30%	61.00%
Annual expected dividend yield (as a percent)	1.60%	1.27%
Risk free interest rate (as a percent)	0.44%	1.03%
Correlation between total shareholder return for SPX and S&P 500 Composite Index	0.7365	0.7559
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			3,468,000
Reduction of shares available for grant			2
Stock Options granted to key employees
Stock-based Compensation
Classification of excess tax benefits from stock-based compensation as financing cash flows			$ 3.8	$ 6.6	$ 4.2
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)	23.10%	30.30%
Risk free interest rate (as a percent)	0.44%	1.03%
2006 Non-Employee Directors' Stock Incentive Plan ("Directors' Plan")
Stock-based Compensation
Maximum common stock authorized for grant (in shares)			13,000

Shareholders' Equity and Stock-Based Compensation (Details 5) (USD $) Share data in Thousands, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Stock option activity, Shares
Exercised (in shares)	(174)	(154)	(238)
Restricted stock and restricted stock units
Unvested Restricted Stock and Restricted Stock Units
Outstanding at the beginning of the period (in shares)	1,440	1,516	1,435
Granted (in shares)	823	836	738
Vested (in shares)	(264)	(636)	(626)
Forfeited (in shares)	(64)	(276)	(31)
Outstanding at the end of the period (in shares)	1,935	1,440	1,516
Weighted-Average Grant-Date Fair Value
Outstanding at the beginning of the period (in dollars per share)	$ 54.38	$ 50.97	$ 51.75
Granted (in dollars per share)	$ 50.64	$ 62.72	$ 48.91
Vested (in dollars per share)	$ 39.75	$ 51.47	$ 50.46
Forfeited (in dollars per share)	$ 57.77	$ 67.21	$ 47.82
Outstanding at the end of the period (in dollars per share)	$ 54.70	$ 54.38	$ 50.97
Unrecognized compensation cost
Unrecognized compensation cost related to restricted stock and restricted stock unit	$ 17,700,000
Weighted-average period over which unrecognized compensation costs will be recognized (in years)	1.7
Stock options
Stock option activity, Shares
Options outstanding and exercisable at the beginning of the period (in shares)	364	635	881
Exercised (in shares)	(174)	(154)	(238)
Terminated (in shares)	(177)	(117)	(8)
Options outstanding and exercisable at the end of the period (in shares)	13	364	635
Weighted-average Exercise Price
Options outstanding and exercisable at the beginning of the period (in dollars per share)	$ 54.87	$ 63.82	$ 59.86
Exercised (in dollars per share)	$ 39.58	$ 65.44	$ 48.21
Terminated (in dollars per share)	$ 69.42	$ 89.1	$ 90.23
Options outstanding and exercisable at the end of the period (in dollars per share)	$ 62.45	$ 54.87	$ 63.82
Stock option outstanding and exercisable
Weighted average remaining term of stock options outstanding and exercisable at the end of the period (in years)	0.7
Number of in-the-money options exercisable (in shares)	10
Aggregate intrinsic value of options outstanding and exercisable (in dollars)	207,000
Aggregate intrinsic value of options exercised	$ 5,900,000	$ 2,500,000	$ 4,100,000

Shareholders' Equity and Stock-Based Compensation (Details 6) (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended			1 Months Ended		6 Months Ended	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2012 Common Stock In Treasury	Feb. 29, 2012 Common Stock In Treasury	Jun. 30, 2012 Common Stock In Treasury	Dec. 31, 2012 Common Stock In Treasury
Authorized repurchase amount under a written trading plan					$ 350.0
Common stock repurchased (in shares)	3,606,000			2,600,000		1,000,000	3,606,000
Total cash consideration paid for common stock repurchased	$ 245.6			$ 170.6		$ 75.0	$ 245.6
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	3 Months Ended	12 Months Ended						3 Months Ended	12 Months Ended	3 Months Ended		12 Months Ended															12 Months Ended
	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2012 Thermal Equipment and Services reportable segment business	Dec. 31, 2011 Thermal Equipment and Services reportable segment	Dec. 31, 2010 Thermal Equipment and Services reportable segment	Dec. 31, 2012 Cooling	Dec. 31, 2012 Cooling	Dec. 31, 2011 SPX Heat Transfer Inc.	Jul. 02, 2011 SPX Heat Transfer Inc.	Dec. 31, 2011 SPX Heat Transfer Inc.	Dec. 31, 2012 Senior Notes	Dec. 31, 2011 Senior Notes	Dec. 31, 2012 Term Loans	Dec. 31, 2011 Term Loans	Dec. 31, 2012 Other indebtedness	Dec. 31, 2011 Other indebtedness	Dec. 31, 2012 Quoted Prices in Active Markets for Identical Assets (Level 1) Current assets - Investment in equity securities	Dec. 31, 2011 Quoted Prices in Active Markets for Identical Assets (Level 1) Current assets - Investment in equity securities	Dec. 31, 2012 Significant Observable Inputs (Level 2) Current assets - FX embedded derivatives, FX forward contracts and commodity contracts	Dec. 31, 2011 Significant Observable Inputs (Level 2) Current assets - FX embedded derivatives, FX forward contracts and commodity contracts	Dec. 31, 2012 Significant Observable Inputs (Level 2) Current liabilities - FX forward contracts, FX embedded derivatives, and commodity contracts	Dec. 31, 2011 Significant Observable Inputs (Level 2) Current liabilities - FX forward contracts, FX embedded derivatives, and commodity contracts	Dec. 31, 2012 Significant Observable Inputs (Level 2) Long-term liabilities - FX embedded derivatives	Dec. 31, 2011 Significant Observable Inputs (Level 2) Long-term liabilities - FX embedded derivatives	Dec. 31, 2012 Significant Unobservable Inputs (Level 3)	Dec. 31, 2011 Significant Unobservable Inputs (Level 3)	Dec. 31, 2012 Significant Unobservable Inputs (Level 3) Current assets - Investment in equity securities	Dec. 31, 2011 Significant Unobservable Inputs (Level 3) Current assets - Investment in equity securities
Assets and liabilities measured at fair value on a recurring basis
Fair value of derivative assets																			$ 3.6	$ 5.2	$ 0.7	$ 1.2							$ 7.5	$ 7.8
Fair value of derivative liability																							1.3	1.9	9.8	14.8
Trademarks impairment loss											7.5	7.5
Reconciliation of investment in equity securities measured at fair value using significant unobservable inputs
Balance at beginning of period																											7.8	8.5
Unrealized losses recorded to earnings																											(0.3)	(0.7)
Balance at end of period																											7.5	7.8
Number of business					2
Impairment charges		281.4			4.5	7.5		11.0	11.0
Fair value of assets and liabilities
Special charges relating to asset impairments		3.4	8.2	6.8	1.6		4.0
Fair value of asset				4.7
Impairments	270.4	270.4	20.8		270.4	20.8		270.4	270.4	3.6	17.2	20.8
Fair value of debt instruments													1,217.8	1,198.0	475.0	800.0	34.7	75.1
Carrying value of debt instruments													1,100.0	1,100.0	475.0	800.0
Carrying value of debt instruments	$ 1,692.0	$ 1,692.0	$ 2,001.1														$ 34.7	$ 75.1

Quarterly Results (Unaudited) (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended								12 Months Ended
	Dec. 31, 2012	Sep. 29, 2012 D	Jun. 30, 2012 D	Mar. 31, 2012	Dec. 31, 2011	Oct. 01, 2011	Jul. 02, 2011	Apr. 02, 2011	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Quarterly Results (Unaudited)
Operating revenues	$ 1,435.7	$ 1,242.7	$ 1,258.1	$ 1,163.7	$ 1,258.1	$ 1,162.7	$ 1,134.2	$ 981.9	$ 5,100.2	$ 4,536.9	$ 4,098.8
Gross profit	402.5	335.1	336.5	300.9	345.9	322.9	313.9	292.0
Income (loss) from continuing operations	(179.2)	54.1	38.5	8.2	58.5	50.8	25.5	20.8	(78.4)	155.6	178.0
Income from discontinued operation, net of tax	320.0	6.1	9.7	4.6	5.0	11.5	9.5	4.0	340.4	30.0	24.8
Net income	140.8	60.2	48.2	12.8	63.5	62.3	35.0	24.8	262.0	185.6	202.8
Less: Net income (loss) attributable to noncontrolling interests	0.3	2.4	0.8	(0.7)	1.0	1.6	0.7	1.7	2.8	5.0	(2.8)
Net income attributable to SPX Corporation common shareholders	140.5	57.8	47.4	13.5	62.5	60.7	34.3	23.1
Basic earnings per share of common stock:
Continuing operations (in dollars per share)	$ (3.62)	$ 1.03	$ 0.75	$ 0.18	$ 1.14	$ 0.97	$ 0.49	$ 0.38	$ (1.62)	$ 2.98	$ 3.64
Discontinued operations, net of tax (in dollars per share)	$ 6.45	$ 0.13	$ 0.20	$ 0.09	$ 0.10	$ 0.23	$ 0.19	$ 0.08	$ 6.80	$ 0.60	$ 0.50
Net income (in dollars per share)	$ 2.83	$ 1.16	$ 0.95	$ 0.27	$ 1.24	$ 1.20	$ 0.68	$ 0.46	$ 5.18	$ 3.58	$ 4.14
Diluted earnings per share of common stock:
Continuing operations (in dollars per share)	$ (3.62)	$ 1.03	$ 0.74	$ 0.17	$ 1.13	$ 0.97	$ 0.48	$ 0.37	$ (1.62)	$ 2.96	$ 3.59
Discontinued operations, net of tax (in dollars per share)	$ 6.45	$ 0.13	$ 0.19	$ 0.09	$ 0.10	$ 0.22	$ 0.19	$ 0.08	$ 6.80	$ 0.58	$ 0.49
Net income per share attributable to SPX Corporation common shareholders (in dollars per share)	$ 2.83	$ 1.16	$ 0.93	$ 0.26	$ 1.23	$ 1.19	$ 0.67	$ 0.45	$ 5.18	$ 3.54	$ 4.08
Charges associated with restructuring initiatives	6.2	7.1	8.4	2.4	11.5	7.2	4.2	2.4
Income (expense) for foreign currency transactions and FX forward contracts and FX embedded derivatives	(2.1)	(3.2)	(1.9)	(5.2)	(4.8)	(30.9)	(3.5)	(2.2)
Impairment charges							24.7		285.9	28.3	1.7
Income tax charges related to valuation allowances recorded against deferred income tax assets	6.3								5.4
Income tax charges related to foreign dividends and undistributed foreign earnings that are no longer considered to be indefinitely reinvested	15.4								15.4
Increase in incentive compensation expense for the fourth quarter of 2012 related to the fourth quarter of 2011	20.6
Tax credits related to expansion of power transformer facility in Waukesha, WI					4.0	2.0	0.9	0.8		7.7
Pre-tax gain on deconsolidation of dry cooling business				20.5					20.5
Incremental income tax charge				6.1					6.1
Tax benefit related to audit settlements and statute expirations	21.0								23.7
Income tax benefit associated with the release of the valuation allowance on existing foreign tax credit carryforwards						27.8				27.8
Goodwill impairments	(270.4)								(270.4)	(20.8)
Federal income taxes recorded in connection with plan to repatriate a portion of the earnings of a foreign subsidiary						6.9				6.9
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, 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
Number of days in the quarter		91	91
Sale of discontinued operations
Impairment charges									(281.4)
Gain on disposition of discontinued operations, net of tax									313.4	0.3	11.7
SPX Heat Transfer Inc.
Diluted earnings per share of common stock:
Impairment charges					3.6		24.7
Goodwill impairments					(3.6)		(17.2)			(20.8)
Industrial Products and Services
Quarterly Results (Unaudited)
Operating revenues									927.1	858.5	843.4
Sale of discontinued operations
Insurance recovery related to a product liability matter								6.3
Impairment charges										(0.8)
Thermal Equipment and Services reportable segment
Quarterly Results (Unaudited)
Operating revenues									1,490.9	1,636.4	1,593.2
Diluted earnings per share of common stock:
Impairment charges										4.5
Goodwill impairments									(270.4)	(20.8)
Sale of discontinued operations
Net charges associated with changes in cost estimates for certain contracts in South Africa					10.7
Impairment charges									(4.5)	(7.5)
Cooling
Diluted earnings per share of common stock:
Impairment charges	281.4								281.4
Goodwill impairments	(270.4)								(270.4)
Sale of discontinued operations
Impairment charges	(11.0)								(11.0)
Income tax benefit associated with the impairment charges									26.3
Clyde Union
Sale of discontinued operations
Charges associated with FX forward contracts used to hedge the acquisition purchase price					4.0	30.6
SPX Service Solutions ("Service Solutions")
Sale of discontinued operations
Gain on disposition of discontinued operations, net of tax	$ 313.4

Summary of Significant Accounting Policies (Details 2) (Minimum)	12 Months Ended
	Dec. 31, 2012 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, 2012
Employee Benefit Plans
Amortization period of plan assets	5 years