Document and Entity Information - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2015 |
Feb. 19, 2016 |
Jun. 27, 2015 |
|
| Document and Entity Information | |||
| Entity Registrant Name | SPX CORP | ||
| Entity Central Index Key | 0000088205 | ||
| Document Type | 10-K | ||
| Document Period End Date | Dec. 31, 2015 | ||
| 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 | $ 2,824,626,214 | ||
| Entity Common Stock, Shares Outstanding | 41,857,154 | ||
| Document Fiscal Year Focus | 2015 | ||
| Document Fiscal Period Focus | FY |
| X | ||||||||||
- Definition If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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| X | ||||||||||
- Definition End date of current fiscal year in the format --MM-DD. No definition available.
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| X | ||||||||||
- Definition This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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| X | ||||||||||
- Definition This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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| X | ||||||||||
- Definition The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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| X | ||||||||||
- Definition The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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| X | ||||||||||
- Definition A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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| X | ||||||||||
- Definition Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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| X | ||||||||||
- Definition Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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| X | ||||||||||
- Definition State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K. No definition available.
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| X | ||||||||||
- Definition The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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| X | ||||||||||
- Definition Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount charged against earnings in the period for incurred and estimated costs associated with an exit from business activities or restructuring pursuant to a duly authorized plan, excluding asset retirement obligations. Such costs include charges associated with employee terminations, lease terminations, asset impairments, etc. No definition available.
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| X | ||||||||||
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of gain (loss), after tax expense or benefit and not previously recognized, resulting from the sale of a business component. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition After tax income (loss) from operations of a business component (exclusive of any gain (loss) on disposal, or provision therefore) during the reporting period, until its disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Total loss recognized during the period from the impairment of goodwill plus the loss recognized in the period resulting from the impairment of the carrying amount of intangible assets, other than goodwill. No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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| X | ||||||||||
- Definition The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
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| Statement of Comprehensive Income [Abstract] | |||||||
| Net income (loss) | $ (117.0) | $ 383.9 | [1] | $ 212.3 | [1] | ||
| Other comprehensive income (loss), net: | |||||||
| Pension liability adjustment, net of tax (provision) benefit of $(0.1), $(5.2), and $1.0 in 2015, 2014 and 2013, respectively | (0.4) | 9.7 | (2.2) | ||||
| Net unrealized gains (losses) on qualifying cash flow hedges, net of tax (provision) benefit of $(0.3), $0.1 and $(1.2) in 2015, 2014 and 2013, respectively | (0.6) | (0.5) | 2.5 | ||||
| Net unrealized gains (losses) on available-for-sale securities | 0.0 | 3.7 | (0.6) | ||||
| Foreign currency translation adjustments | (132.9) | (237.8) | 2.4 | ||||
| Other comprehensive income (loss), net | (133.9) | (224.9) | 2.1 | ||||
| Total comprehensive income (loss) | (250.9) | 159.0 | 214.4 | ||||
| Less: Total comprehensive income (loss) attributable to noncontrolling interests | (34.3) | (9.5) | 1.8 | ||||
| Total comprehensive income (loss) attributable to SPX Corporation common shareholders | $ (216.6) | $ 168.5 | $ 212.6 | ||||
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount after tax and reclassification adjustments, of appreciation (loss) in value of unsold available-for-sale securities. Excludes amounts related to other than temporary impairment (OTTI) loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount after tax and reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount after tax and reclassification adjustments, of (increase) decrease in accumulated other comprehensive (income) loss related to pension and other postretirement defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
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| Statement of Comprehensive Income [Abstract] | |||
| Pension liability adjustment, tax (provision) benefit | $ (0.1) | $ (5.2) | $ 1.0 |
| Net unrealized gains (losses) on qualifying cash flow hedges, tax benefit (provision) | $ (0.3) | $ 0.1 | $ (1.2) |
| X | ||||||||||
- Definition Amount of tax expense (benefit), after reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of tax (expense) benefit, after reclassification adjustments, of (increase) decrease in accumulated other comprehensive (income) loss related to pension and other postretirement defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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Consolidated Balance Sheets - USD ($) $ in Millions |
Dec. 31, 2015 |
Dec. 31, 2014 |
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|---|---|---|---|---|---|
| Current assets: | |||||
| Cash and equivalents | $ 101.4 | $ 237.2 | |||
| Accounts receivable, net | 367.0 | 473.5 | |||
| Inventories, net | 170.7 | 167.4 | |||
| Other current assets | 36.1 | 55.6 | |||
| Deferred income taxes | 0.0 | 60.2 | |||
| Assets held for sale | 107.1 | 0.0 | |||
| Assets of discontinued operations | 0.0 | 1,221.2 | |||
| Total current assets | 782.3 | 2,215.1 | |||
| Property, plant and equipment: | |||||
| Land | 16.3 | 16.5 | |||
| Buildings and leasehold improvements | 120.4 | 132.3 | |||
| Machinery and equipment | 357.2 | 372.9 | |||
| Property, plant and equipment, gross | 493.9 | 521.7 | |||
| Accumulated depreciation | (274.4) | (283.8) | |||
| Property, plant and equipment, net | 219.5 | 237.9 | |||
| Goodwill | 342.8 | 374.4 | |||
| Intangibles, net | 154.2 | 169.2 | [1] | ||
| Other assets | 631.6 | 623.0 | [1] | ||
| Deferred income taxes | 50.9 | 0.0 | |||
| Assets of discontinued operations | 0.0 | 2,274.7 | |||
| TOTAL ASSETS | 2,181.3 | 5,894.3 | |||
| Current liabilities: | |||||
| Accounts payable | 176.9 | 210.0 | |||
| Accrued expenses | 403.7 | 440.2 | |||
| Income taxes payable | 1.7 | 8.3 | |||
| Short-term debt | 22.1 | 156.5 | |||
| Current maturities of long-term debt | 9.1 | 29.1 | |||
| Liabilities held for sale | 41.3 | 0.0 | |||
| Liabilities of discontinued operations | 0.0 | 765.8 | |||
| Total current liabilities | 654.8 | 1,609.9 | |||
| Long-term debt | 342.6 | 547.5 | |||
| Deferred and other income taxes | 55.2 | 69.1 | [1] | ||
| Other long-term liabilities | 820.4 | 823.7 | |||
| Liabilities of discontinued operations | 0.0 | 1,032.2 | |||
| Total long-term liabilities | $ 1,218.2 | $ 2,472.5 | |||
| Commitments and contingent liabilities (Note 14) | |||||
| SPX Corporation shareholders' equity: | |||||
| Common stock (100,525,876 and 41,415,909 issued and outstanding at December 31, 2015, respectively, and 100,063,887 and 40,858,006 issued and outstanding at December 31, 2014, respectively) | $ 1.0 | $ 1.0 | |||
| Paid-in capital | 2,649.6 | 2,608.0 | |||
| Retained earnings | 897.8 | 2,628.6 | [1] | ||
| Accumulated other comprehensive income | 283.3 | 62.6 | |||
| Common stock in treasury (59,109,967 and 59,205,881 shares at December 31, 2015 and 2014, respectively) | (3,486.3) | (3,491.5) | |||
| Total SPX Corporation shareholders' equity | 345.4 | 1,808.7 | |||
| Noncontrolling interests | (37.1) | 3.2 | |||
| Total equity | 308.3 | 1,811.9 | |||
| TOTAL LIABILITIES AND EQUITY | $ 2,181.3 | $ 5,894.3 | |||
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| X | ||||||||||
- Definition Assets Held-for-sale, Not Part of Disposal Group, Current No definition available.
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| X | ||||||||||
- Definition Liabilities Held-for-sale, Not Part of Disposal Group, Current No definition available.
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| X | ||||||||||
- Definition Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount classified as assets attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount before accumulated depreciation of building structures held for productive use including addition, improvement, or renovation to the structure, including, but not limited to, interior masonry, interior flooring, electrical, and plumbing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Value of all classes of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares exclude common shares repurchased by the entity and held as treasury shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences, after deferred tax asset, and other tax liabilities expected to be paid after one year or operating cycle, if longer. No definition available.
|
| X | ||||||||||
- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards, net of deferred tax liability attributable to taxable temporary differences expected to be realized or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards, net of deferred tax liability attributable to taxable temporary differences expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount classified as assets attributable to disposal group held for sale or disposed of, expected to be disposed of after one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount before accumulated depletion of real estate held for productive use, excluding land held for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of obligation due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount classified as liabilities attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount classified as liabilities attributable to disposal group held for sale or disposed of, expected to be disposed of beyond one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of long-term debt and capital lease obligation due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of long-term debt, after unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount before accumulated depreciation of tangible personal property used to produce goods and services, including, but is not limited to, tools, dies and molds, computer and office equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Aggregate carrying amount, as of the balance sheet date, of current assets not separately disclosed in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Consolidated Balance Sheets (Parenthetical) - shares |
Dec. 31, 2015 |
Dec. 31, 2014 |
|---|---|---|
| Statement of Financial Position [Abstract] | ||
| Common stock, shares issued | 100,525,876 | 100,063,887 |
| Common stock, shares outstanding | 41,415,909 | 40,858,006 |
| Common stock, in treasury, shares | 59,109,967 | 59,205,881 |
| X | ||||||||||
- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Consolidated Statements of Equity - USD ($) $ in Millions |
Total |
SPX Corporation Shareholders' Equity |
Common Stock |
Paid-In Capital |
Retained Earnings |
Accum. Other Comprehensive Income |
Common Stock In Treasury |
Noncontrolling Interests |
|||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance at Dec. 31, 2012 | $ 2,231.1 | $ 2,219.8 | $ 1.0 | $ 2,551.6 | $ 2,134.0 | $ 284.8 | $ (2,751.6) | $ 11.3 | |||
| Increase (Decrease) in Stockholders' Equity | |||||||||||
| Net income (loss) | 212.3 | [1] | 209.9 | 209.9 | 2.4 | ||||||
| Other comprehensive income (loss), net | 2.1 | 2.7 | 2.7 | (0.6) | |||||||
| Dividends declared ($0.75, $1.50, and $1.00 for the years 2015, 2014, and 2013, respectively) | (45.5) | (45.5) | (45.5) | ||||||||
| Exercise of stock options and other incentive plan activity | 16.9 | 16.9 | 16.9 | ||||||||
| Stock based compensation expense, including $5.4, $5.3, and $7.0 related to discontinued operations for the years ended 2015, 2014 and 2013, respectively | 33.5 | 33.5 | 33.5 | ||||||||
| Restricted stock and restricted stock unit vesting, including related tax benefit of $0.7, $6.7 and $1.7 for 2015, 2014, and 2013, respectively, net of tax withholdings | (20.8) | (20.8) | (24.0) | 3.2 | |||||||
| Common stock repurchases | (260.2) | (260.2) | (260.2) | ||||||||
| Other changes in noncontrolling interests | (2.1) | (3.0) | (3.0) | 0.9 | |||||||
| Balance at Dec. 31, 2013 | 2,167.3 | 2,153.3 | 1.0 | 2,575.0 | 2,298.4 | 287.5 | (3,008.6) | 14.0 | |||
| Increase (Decrease) in Stockholders' Equity | |||||||||||
| Net income (loss) | 383.9 | [1] | 393.4 | 393.4 | (9.5) | ||||||
| Other comprehensive income (loss), net | (224.9) | (224.9) | (224.9) | 0.0 | |||||||
| Dividends declared ($0.75, $1.50, and $1.00 for the years 2015, 2014, and 2013, respectively) | (63.2) | (63.2) | (63.2) | ||||||||
| Exercise of stock options and other incentive plan activity | 16.4 | 16.4 | 16.4 | ||||||||
| Stock based compensation expense, including $5.4, $5.3, and $7.0 related to discontinued operations for the years ended 2015, 2014 and 2013, respectively | 38.4 | 38.4 | 38.4 | ||||||||
| Restricted stock and restricted stock unit vesting, including related tax benefit of $0.7, $6.7 and $1.7 for 2015, 2014, and 2013, respectively, net of tax withholdings | (15.9) | (15.9) | (21.8) | 5.9 | |||||||
| Common stock repurchases | (488.8) | (488.8) | (488.8) | ||||||||
| Dividends attributable to noncontrolling interests | (0.5) | (0.5) | |||||||||
| Other changes in noncontrolling interests | (0.8) | 0.0 | 0.0 | (0.8) | |||||||
| Balance at Dec. 31, 2014 | 1,811.9 | 1,808.7 | 1.0 | 2,608.0 | 2,628.6 | 62.6 | (3,491.5) | 3.2 | |||
| Increase (Decrease) in Stockholders' Equity | |||||||||||
| Net income (loss) | (117.0) | (82.7) | (82.7) | (34.3) | |||||||
| Other comprehensive income (loss), net | (133.9) | (133.9) | (133.9) | ||||||||
| Dividends declared ($0.75, $1.50, and $1.00 for the years 2015, 2014, and 2013, respectively) | (30.9) | (30.9) | (30.9) | ||||||||
| Exercise of stock options and other incentive plan activity | 14.7 | 14.7 | 14.7 | ||||||||
| Stock based compensation expense, including $5.4, $5.3, and $7.0 related to discontinued operations for the years ended 2015, 2014 and 2013, respectively | 39.9 | 39.9 | 39.9 | ||||||||
| Restricted stock and restricted stock unit vesting, including related tax benefit of $0.7, $6.7 and $1.7 for 2015, 2014, and 2013, respectively, net of tax withholdings | (7.8) | (7.8) | (13.0) | 5.2 | |||||||
| Dividends attributable to noncontrolling interests | (0.2) | (0.2) | |||||||||
| Other changes in noncontrolling interests | 5.5 | 5.5 | |||||||||
| Spin-Off of FLOW Business | (1,273.9) | (1,262.6) | 0.0 | (1,617.2) | 354.6 | (11.3) | |||||
| Balance at Dec. 31, 2015 | $ 308.3 | $ 345.4 | $ 1.0 | $ 2,649.6 | $ 897.8 | $ 283.3 | $ (3,486.3) | $ (37.1) | |||
| |||||||||||
| X | ||||||||||
- Definition Net effect of other changes in noncontrolling interest balance. No definition available.
|
| X | ||||||||||
- Definition Value of stock issued during the period as a result of the exercise of stock options and value of stock issued through a defined contribution plan, net of any related income tax benefit or expense recognized by the entity. No definition available.
|
| X | ||||||||||
- Definition This element represents the amount of recognized equity-based compensation during the period, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized). Alternate captions include the words "stock-based compensation". Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of paid and unpaid common stock dividends declared with the form of settlement in cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Definition Decrease in noncontrolling interest balance from payment of dividends or other distributions by the non-wholly owned subsidiary or partially owned entity, included in the consolidation of the parent entity, to the noncontrolling interest holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The value of restricted shares issued as compensation, net of the value of shares for the payment of withholding taxes. This element is to be used only if shares are used in lieu of cash to satisfy all or a portion of withholding taxes. No definition available.
|
| X | ||||||||||
- Definition Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The change in equity as a result of a spin-off transaction (a regular or reverse spin-off) which is based on the recorded amounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Consolidated Statements of Equity (Parenthetical) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
|
| Statement of Stockholders' Equity [Abstract] | |||
| Dividends declared per share (in dollars per share) | $ 0.75 | $ 1.5 | $ 1.00 |
| Stock-based compensation expense, discontinued operations | $ 5.4 | $ 5.3 | $ 7.0 |
| Restricted stock and restricted stock unit vesting, related tax benefit | $ 0.7 | $ 6.7 | $ 1.7 |
| X | ||||||||||
- Definition This element represents the amount of recognized equity-based compensation during the period related to discontinued operations, that is, the amount recognized as expense in the income statement (or as asset if compensation is capitalized). Alternate captions include the words "stock-based compensation". No definition available.
|
| X | ||||||||||
- Definition Amount of increase in additional paid in capital (APIC) resulting from a tax benefit associated with share-based compensation plan other than an employee stock ownership plan (ESOP). Includes, but is not limited to, excess tax benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
Consolidated Statements of Cash Flows $ in Millions |
12 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2013
USD ($)
|
||||||||
| Cash flows from (used in) operating activities: | ||||||||||
| Net income (loss) | $ (117.0) | $ 383.9 | [1] | $ 212.3 | [1] | |||||
| Less: Income from discontinued operations, net of tax | 74.2 | [2] | 267.8 | [1] | 202.8 | [1] | ||||
| Income (loss) from continuing operations | (191.2) | 116.1 | [1] | 9.5 | [1] | |||||
| Adjustments to reconcile income (loss) from continuing operations to net cash used in operating activities | ||||||||||
| Special charges, net | 17.8 | 9.3 | 17.9 | |||||||
| Gain on asset sales | (1.2) | (491.2) | 0.0 | |||||||
| Impairment of goodwill and other long-term assets | 13.7 | 28.9 | 0.0 | |||||||
| Loss on early extinguishment of debt | 1.4 | 32.5 | 0.0 | |||||||
| Deferred and other income taxes | (4.2) | (76.9) | 107.8 | |||||||
| Depreciation and amortization | 39.2 | 43.4 | 45.7 | |||||||
| Pension and other employee benefits | 35.5 | 124.1 | (4.9) | |||||||
| Stock-based compensation | 34.5 | 33.1 | 26.5 | |||||||
| Other, net | 3.9 | 2.8 | 8.7 | |||||||
| Changes in operating assets and liabilities, net of effects from acquisition and divestitures | ||||||||||
| Accounts receivable and other assets | 20.0 | 44.3 | 24.5 | |||||||
| Inventories | (20.9) | (5.8) | (3.5) | |||||||
| Accounts payable, accrued expenses and other | (19.6) | (171.3) | (210.1) | |||||||
| Discretionary pension contribution | 0.0 | 0.0 | (250.0) | |||||||
| Cash spending on restructuring actions | (10.9) | (12.6) | (14.4) | |||||||
| Net cash used in continuing operations | (82.0) | (323.3) | (242.3) | |||||||
| Net cash from discontinued operations | 43.5 | 399.7 | 347.6 | |||||||
| Net cash from (used in) operating activities | (38.5) | 76.4 | 105.3 | |||||||
| Cash flows from (used in) investing activities: | ||||||||||
| Proceeds from asset sales and other, net | 2.0 | 574.1 | (2.2) | |||||||
| Decrease in restricted cash | 0.0 | 0.1 | 0.0 | |||||||
| Capital expenditures | (17.9) | (20.4) | (32.1) | |||||||
| Net cash from (used in) continuing operations | (15.9) | 553.8 | (34.3) | |||||||
| Net cash from (used in) discontinued operations (includes net cash proceeds from dispositions of $108.6 and $13.5 in 2014 and 2013, respectively) | (38.3) | 73.6 | (12.4) | |||||||
| Net cash from (used in) investing activities | (54.2) | 627.4 | (46.7) | |||||||
| Cash flows used in financing activities: | ||||||||||
| Repurchase of senior notes (includes premiums paid of $30.6) | 0.0 | (530.6) | 0.0 | |||||||
| Borrowings under senior credit facilities | 1,264.0 | 572.0 | 287.0 | |||||||
| Repayments under senior credit facilities | (1,167.0) | (339.0) | (287.0) | |||||||
| Borrowings under trade receivables agreement | 156.0 | 91.0 | 35.0 | |||||||
| Repayments under trade receivables agreement | (166.0) | (81.0) | (35.0) | |||||||
| Net borrowings (repayments) under other financing arrangements | 12.2 | 7.0 | (3.6) | |||||||
| Purchases of common stock | 0.0 | (488.8) | (260.2) | |||||||
| Minimum withholdings paid on behalf of employees for net share settlements, net of proceeds from the exercise of employee stock options and other | (6.2) | (12.9) | (16.2) | |||||||
| Financing fees paid | (12.2) | (0.4) | (5.4) | |||||||
| Dividends paid | (45.9) | (59.8) | (34.7) | |||||||
| Cash divested in connection with the spin-off of FLOW Business | (208.6) | 0.0 | 0.0 | |||||||
| Net cash used in continuing operations | (173.7) | (842.5) | (320.1) | |||||||
| Net cash used in discontinued operations | (1.9) | (60.3) | (15.3) | |||||||
| Net cash used in financing activities | (175.6) | (902.8) | (335.4) | |||||||
| Change in cash and equivalents due to changes in foreign currency exchange rates | (57.9) | (65.2) | (15.5) | |||||||
| Net change in cash and equivalents | (326.2) | (264.2) | (292.3) | |||||||
| Consolidated cash and equivalents, beginning of period | 427.6 | 691.8 | 984.1 | |||||||
| Consolidated cash and equivalents, end of period | 101.4 | 427.6 | 691.8 | |||||||
| Cash and equivalents of continuing operations | 101.4 | 237.2 | 575.4 | |||||||
| Supplemental disclosure of cash flow information: | ||||||||||
| Interest paid | 60.8 | 65.9 | 102.6 | |||||||
| Income taxes paid, net of refunds of $8.8, $10.0 and $9.4 in 2015, 2014 and 2013, respectively | 51.0 | 314.8 | 50.3 | |||||||
| Non-cash investing and financing activity: | ||||||||||
| Debt assumed | $ 1.0 | $ 0.2 | $ 5.0 | |||||||
| ||||||||||
| X | ||||||||||
- Definition The cash inflow from the trade receivables agreement during the period. No definition available.
|
| X | ||||||||||
- Definition The cash inflow from the senior credit facilities during the period. No definition available.
|
| X | ||||||||||
- Definition The component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations, and uncertain tax positions. No definition available.
|
| X | ||||||||||
- Definition The cash outflow from the senior credit facilities during the period. No definition available.
|
| X | ||||||||||
- Definition The cash outflow for the trade receivables agreement during the period. No definition available.
|
| X | ||||||||||
- Definition Amount charged against earnings in the period for incurred and estimated costs associated with an exit from business activities or restructuring pursuant to a duly authorized plan, excluding asset retirement obligations. Such costs include charges associated with employee terminations, lease terminations, asset impairments, etc. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition For the entity and the disposal group, cash includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. No definition available.
|
| X | ||||||||||
- Definition Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Reduction in cash due to no longer including the former subsidiary's cash in the consolidated entity's cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) of financing activities of discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) of investing activities of discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) of operating activities of discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Total loss recognized during the period from the impairment of goodwill plus the loss recognized in the period resulting from the impairment of the carrying amount of intangible assets, other than goodwill. No definition available.
|
| X | ||||||||||
- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the total amount of receivables from all parties and other operating assets not separately disclosed in the statement of cash flows. No definition available.
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The amount of cash paid for interest during the period net of cash paid for interest that is capitalized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The fair value of liabilities assumed in noncash investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of cash payments made as the result of exit or disposal activities. Excludes payments associated with a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The cash outflow for loan and debt issuance costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Cash outflow in the form of ordinary dividends to common shareholders, preferred shareholders and noncontrolling interests, generally out of earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of cash outflow to satisfy an employee's income tax withholding obligation as part of a net-share settlement of a share-based award. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The amount of pension and other (such as medical, dental and life insurance) postretirement benefit costs recognized during the period for (1) defined benefit plans (periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain (loss) on assets, prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments) and for (2) defined contribution plans (to the extent that a plan's defined contributions to an individual's account are to be made for periods in which that individual renders services, the net cost for a period is the contribution called for in that period; if a plan calls for contributions for periods after an individual retires or terminates, the estimated cost is accrued during the employee's service period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The amount of cash or cash equivalents contributed by the entity to fund its pension plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Aggregate cash proceeds received from a combination of transactions that are classified as investing activities in which assets, which may include one or more investments, are sold to third-party buyers. This element can be used by entities to aggregate proceeds from all asset sales that are classified as investing activities. No definition available.
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| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The cash outflow for a long-term debt where the holder has highest claim on the entity's asset in case of bankruptcy or liquidation during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
|
| Statement of Cash Flows [Abstract] | |||
| Cash consideration, exclusive of cash transferred | $ 108.6 | $ 13.5 | |
| Repurchase of senior notes, premiums paid | 30.6 | ||
| Income tax refunds | $ 8.8 | $ 10.0 | $ 9.4 |
| X | ||||||||||
- Definition Represents the amount of cash outflow for premiums paid on repurchase of senior notes during the period. No definition available.
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| X | ||||||||||
- Definition This element represents the cash inflow during the period from the sale of a component of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The amount of cash received during the period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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Summary of Significant Accounting Policies |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2015 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Significant Accounting Policies | 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 ("SPX", "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. Spin-Off of FLOW Business — On September 26, 2015 (the “Distribution Date”), we completed the spin-off to our stockholders (the “Spin-Off”) of all the outstanding shares of SPX FLOW, Inc. (“SPX FLOW”), a wholly-owned subsidiary of SPX prior to the Spin-Off, which at the time of the Spin-Off held the businesses comprising our Flow Technology reportable segment, our Hydraulic Technologies business, and certain of our corporate subsidiaries (collectively, the “FLOW Business”). On the Distribution Date, each of our stockholders of record as of the close of business on September 16, 2015 (the “Record Date”) received one share of common stock of SPX FLOW for every share of SPX common stock held as of the Record Date. SPX FLOW is now an independent public company trading under the symbol “FLOW” on the New York Stock Exchange. Following the Spin-Off, SPX’s common stock continues to be listed on the New York Stock Exchange, but trades under the new ticker symbol, “SPXC”. The financial results of SPX FLOW for the three years ended December 31, 2015 have been classified as discontinued operations within the accompanying consolidated financial statements. Unless otherwise indicated, amounts provided in these Notes pertain to continuing operations only (see Note 4 for information on discontinued operations). Agreement for Sale of Dry Cooling — On November 20, 2015, we entered into an agreement for the sale of our dry cooling business. The sales price is estimated to be $48.0, subject to adjustment for working capital at the closing date. The dry cooling business, which is headquartered in Brussels with facilities in China and the United States, accounts for approximately 10% of the revenues of our Power reportable segment. This business also includes SPX’s ownership interest in its joint venture with Shanghai Electric Group Co., Ltd. ("Shanghai Electric"). The transaction is expected to be finalized during the first half of 2016 and is subject to the receipt of certain regulatory approvals. The transaction does not include SPX’s South African subsidiary, DBT Technologies (Pty) Ltd. The assets and liabilities of the dry cooling business, as of December 31, 2015, have been classified as held for sale within the accompanying consolidated balance sheet. See Note 4 for information on such assets and liabilities. New Segment Reporting Structure — Prior to the Spin-Off, we aggregated certain of our operating segments into two reportable segments, Flow Technology and Thermal Equipment and Services, while our remaining operating segments, which included our Hydraulic Technologies business, were combined within an “All Other” category that we referred to as Industrial Products and Services and Other. As noted above, the Spin-Off included our Flow Technology reportable segment and our Hydraulic Technologies business. In addition, the Spin-Off resulted in a change of our chief operating decision maker (“CODM”). As a result of the Spin-Off, we realigned our segment reporting structure, effective for the quarter ended September 26, 2015. Under the realigned structure, our reportable segments are as follows: HVAC, Detection and Measurement, and Power. The realigned segment reporting structure reflects the manner in which our new CODM is managing our business. In connection with the change in reportable segments, and in accordance with the provisions of Accounting Standards Codification ("ASC") Topic 350, “Intangibles - Goodwill and Other,” we reallocated goodwill among certain of our reporting units based on the respective fair value of such reporting units. See Note 5 for additional information regarding our realigned segment reporting structure and Note 8 regarding the goodwill and intangible assets of our reportable segments. Restatement of Previously Reported Financial Information — Certain of our businesses develop software to be sold, with the related eligible costs capitalized once technological feasibility is established. In the third quarter of 2015, we determined that for certain costs capitalized in previous years, technological feasibility had not been established; thus, these costs, which total $5.4, should have been expensed when incurred. During the fourth quarter of 2014, we recorded an impairment charge of $8.4 related to the trademarks of a business within our Power reportable segment. We subsequently determined that the charge should have been $10.9. We have concluded that the capitalization of the above development costs and the understatement of the aforementioned impairment charge resulted in a misstatement of our consolidated financial statements for the years ended December 31, 2014, 2013, 2012, 2011 and 2010. Specifically, we concluded that pre-tax income from continuing operations was overstated by $3.4, $2.4, $1.2, $0.5 and $0.4, respectively. In addition, during the third quarter of 2015, we identified a misstatement in deferred income tax liabilities of $4.3 that represented an understatement of income tax expense for the year ended December 31, 2014 of $2.4, an overstatement of income tax expense in 2013 of $1.2, and an understatement of income tax expense for years prior to 2010 of $3.1. We have evaluated the effects of the above misstatements on our consolidated financial statements for each of these years in accordance with the guidance provided by SEC Staff Accounting Bulletin No. 108, codified as SAB Topic 1.N, “Considering the Effects of Prior Year Misstatements When Quantifying Misstatements in the Current Year Financial Statements,” and concluded that none of these years are materially misstated. To correct these misstatements within the accompanying consolidated financial statements, and as permitted by SAB Topic 1.N, we have reduced retained earnings, SPX’s shareholders’ equity, and total equity by $4.4 as of December 31, 2012. Within the accompanying consolidated financial statements, we also have decreased income from continuing operations for the years ended December 31, 2014 and December 31, 2013 by $4.5 and $0.3, respectively. See Note 18 for the impact of these corrections on previously reported amounts for the years ended December 31, 2014 and 2013, and as of December 31, 2014 and Note 17 for the impact of these corrections on previously reported amounts for each of the quarterly periods in 2014. There were no corrections required to the results for 2015. Change in Par Value of Common Stock — On May 14, 2015, we amended our Certificate of Incorporation to reduce the par value of all shares of common stock from $10.00 to $0.01 per share. Our common stock and paid-in capital accounts, as presented in the accompanying consolidated balance sheets and consolidated statements of equity, reflect the change in par value. Significant Accounting Policies Foreign Currency Translation and Transactions — 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. Foreign currency transaction gains and losses, as well as gains and losses related to foreign currency forward contracts and currency forward embedded derivatives, are included in "Other income (expense), net," with the related net losses totaling $9.4, $4.5 and $9.8 in 2015, 2014 and 2013, 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 recognized on a straight-line basis over the agreement period. Sales with FOB destination terms are primarily to power transformer 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. 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 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. Amounts billed for shipping and handling are included in revenues. Costs incurred for shipping and handling are recorded in cost of products sold. 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. In addition, certain of our businesses, primarily within the Power reportable segment, also 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 recognize revenues for similar short-term contracts using the completed-contract method of accounting. Provisions for any estimated losses 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 or other dispute-resolution processes. In the event we incur litigation or other dispute-resolution costs in connection with claims, such 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 $485.3, $633.3 and $731.0 in revenues under the percentage-of-completion method for the years ended December 31, 2015, 2014 and 2013, respectively. Costs and estimated earnings on uncompleted contracts, from their inception, and related amounts billed as of December 31, 2015 and 2014 were as follows:
These amounts are included in the accompanying consolidated balance sheets at December 31, 2015 and 2014 as shown below. Amounts for billed retainages and receivables to be collected in excess of one year are not significant for the periods presented.
___________________________________________________________________
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 lives 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. Capitalized software, net of amortization, totaled $9.9 and $4.1 as of December 31, 2015 and 2014, respectively. Capitalized software amortization expense totaled $0.2 million, $0.5 million and $0.6 million for 2015, 2014 and 2013, respectively. We expensed research activities relating to the development and improvement of our products of $30.4, $32.2 and $32.0 in 2015, 2014 and 2013, respectively. Property, Plant and Equipment — Property, plant and equipment ("PP&E") is stated at cost, less accumulated depreciation. We use the straight-line method for computing depreciation expense over the useful lives of PP&E, which do not exceed 40 years for buildings and range from 3 to 15 years for machinery and equipment. Depreciation expense, including amortization of capital leases, was $34.0, $37.7 and $39.9 for the years ended December 31, 2015, 2014 and 2013, 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. No interest was capitalized during 2015, 2014 or 2013. Pension and Postretirement — We recognize changes in the fair value of plan assets and actuarial gains and losses in earnings during the fourth quarter of each year, unless earlier remeasurement is required, as a component of net periodic benefit expense and, accordingly, recognize the effects of plan investment performance, interest rate changes, and changes in actuarial assumptions as a component of earnings in the year in which they occur. The remaining components of pension/postretirement expense, primarily service and interest costs and expected return on plan assets, are recorded on a quarterly basis. 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"). 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 accumulated other comprehensive income ("AOCI") 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. Cash flows from hedging activities are included in the same category as the items being hedged, which are primarily operating activities. |
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The entire disclosure for all significant accounting policies of the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Use of Estimates |
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| Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Use of Estimates | 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.
Inventory — We estimate losses for excess and/or obsolete inventory and the net realizable value of inventory based on the aging and historical utilization of the inventory and the evaluation of the likelihood of recovering the inventory costs based on anticipated demand and selling price. Long-Lived Assets 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 fully 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. 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 fair 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 reduction 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 2015 and 2014. 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, 2015 and 2014.
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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 lives of related assets. We record liabilities 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. Risk Management Matters — We are subject to claims associated with risk management matters (e.g., product liability, predominately associated with alleged exposure to asbestos-containing materials, general liability, automobile, and workers’ compensation claims). The liabilities we record for these claims are based on a number of assumptions, including historical claims and payment experience and, with respect to asbestos claims, actuarial estimates of the future period during which additional claims are reasonably foreseeable. We also have recorded insurance recovery assets associated with the asbestos product liability matters. These assets represent amounts that we believe we are or will be entitled to recover under agreements we have with insurance companies. The assets we record for these insurance recoveries are based on a number of assumptions, including the continued solvency of the insurers, and are subject to a variety of uncertainties. In addition, 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. See Note 14 for additional details. 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:
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 resolutions occur, these accruals are adjusted, such as in the case of audit settlements with taxing authorities. 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. 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 based on all available evidence, we establish a valuation allowance. Employee Benefit Plans — Defined benefit plans cover a portion of our salaried and hourly employees, including certain employees in foreign countries. As discussed in Note 1, we recognize changes in the fair value of plan assets and actuarial gains and losses associated with our pension and postretirement benefit plans in earnings during the fourth quarter of each year, unless earlier remeasurement is required, as a component of net periodic benefit expense. The remaining components of pension/postretirement expense, primarily service and interest costs and expected return on plan assets, are recorded on a quarterly basis. See Note 10 for further discussion of our pension and postretirement benefits. We derive pension expense from an actuarial calculation based on the defined benefit plans' provisions and our assumptions regarding discount rate and rate of increase in compensation levels. We determine the discount rate for our more significant U.S. plans by matching the expected projected benefit obligation cash flows 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. For our other plans, we determine the discount rate based on representative bond indices. 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. |
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- 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. No definition available.
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New Accounting Pronouncements |
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Dec. 31, 2015 | |
| New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
| New Accounting Pronouncements | New Accounting Pronouncements The following is a summary of new accounting pronouncements that apply or may apply to our business. In March 2013, the Financial Accounting Standards Board ("FASB") issued an amendment to guidance to resolve the diversity in practice relating to a parent entity's accounting for the cumulative translation adjustment ("CTA") upon derecognition of foreign subsidiaries or groups of assets. The amendment requires that any CTA related to the parent entity's investment in a foreign entity be released into earnings when a sale or transfer of the foreign subsidiary or group of assets results in the complete or substantially complete liquidation of the foreign entity. This amendment is effective for interim and annual reporting periods beginning after December 15, 2013, and must be applied prospectively. We adopted this guidance on January 1, 2014, with no material impact on our consolidated financial statements. In July 2013, the FASB issued an amendment to guidance to resolve the diversity in practice in the presentation of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward (collectively, a "carryforward") exists. An unrecognized tax benefit, or portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for the carryforward, except to the extent (i) the carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or (ii) the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose. In these cases, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. This amendment applies to all entities that have unrecognized tax benefits when a carryforward exists at the reporting date. This amendment is effective for interim and annual reporting periods beginning after December 15, 2013 and must be applied prospectively to all unrecognized tax benefits that exist at the effective date, with retrospective application permitted. We adopted this guidance on January 1, 2014, with no material impact on our consolidated financial statements. In April 2014, the FASB issued an amendment to guidance to change the criteria for determining which disposals of components of an entity can be presented as discontinued operations and to modify related disclosure requirements. Under the amended guidance, a discontinued operation is defined as a disposal of a component or group of components that is disposed of or is classified as held for sale and represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. The amendment states that a “strategic shift” could include a disposal of (i) a major geographical area of operations, (ii) a major line of business, (iii) a major equity method investment, or (iv) other major parts of an entity. The standard no longer precludes presentation as a discontinued operation if there are operations and cash flows of the component that have not been eliminated from the reporting entity’s ongoing operations, or there is significant continuing involvement with a component after its disposal. This amendment was effective for interim and annual reporting periods beginning after December 15, 2014 and shall be applied prospectively. We adopted this guidance on January 1, 2015, with the Spin-Off presented in accordance with this amendment. In May 2014, the FASB issued a new standard on revenue recognition that outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The new standard contains a five-step approach that entities will apply to determine the measurement of revenue and timing of when it is recognized, including (i) identifying the contract(s) with a customer, (ii) identifying the separate performance obligations in the contract, (iii) determining the transaction price, (iv) allocating the transaction price to separate performance obligations, and (v) recognizing revenue when (or as) each performance obligation is satisfied. The new standard requires a number of disclosures intended to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue, and the related cash flows. The disclosures include qualitative and quantitative information about contracts with customers, significant judgments made in applying the revenue guidance, and assets recognized from the costs to obtain or fulfill a contract. The standard is effective for interim and annual reporting periods beginning after December 15, 2017. We currently are evaluating the effect that this new standard will have on our consolidated financial statements. In April 2015, the FASB issued a new standard that requires debt issuance costs related to a recognized debt liability to be reported in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. An amendment to this standard was issued in August 2015 that permits entities to present debt issuance costs related to line-of-credit arrangements as an asset and subsequently amortize such debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. The standard is effective for interim and annual reporting periods beginning after December 15, 2015, and shall be applied retrospectively. We do not expect the adoption of this standard to have a material impact on our consolidated financial statements. In April 2015, the FASB issued an amendment to existing guidance that, among other changes, permits an entity that has a significant event in an interim period that requires a remeasurement of defined benefit plan assets and obligations to remeasure such assets and obligations using the month-end date that is closest to the date of the significant event, rather than the date of the plan event. Under the amended guidance, the month-end remeasurement of defined benefit plan assets and obligations that is closest to the date of the significant event should be adjusted to reflect any effects of the significant event, to the extent those effects are not captured in the month-end measurement. An entity is required to disclose its accounting policy election and the dates used to measure defined benefit plan assets and obligations in accordance with the provisions of this amended guidance. Although earlier application is permitted, the amendment is effective for interim and annual reporting periods beginning after December 15, 2015, and shall be applied prospectively. We early adopted the provisions of this amendment during the third quarter of 2015 in connection with an amendment to certain of our U.S. pension plans during the period. See Note 10 for additional information on the adoption of this amendment and the impact on our consolidated financial statements. In November 2015, the FASB issued an amendment to existing guidance that simplifies the presentation of deferred income taxes. The amended guidance requires that deferred tax assets and liabilities be classified as non-current in a statement of financial position. Although earlier application is permitted, the amendment is effective for interim and annual reporting periods beginning after December 15, 2016, with prospective or retrospective adoption permitted. We early adopted the amendment, on a prospective basis, resulting in the classification of our deferred tax assets and deferred tax liabilities as non-current within the accompanying consolidated balance sheet as of December 31, 2015. The adoption had no impact on the amounts within the accompanying consolidated balance sheet as of December 31, 2014. |
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- References No definition available.
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- Definition The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Discontinued Operations and Assets and Liabilities Held for Sale |
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| Discontinued Operations and Disposal Groups [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Discontinued Operations and Assets and Liabilities Held for Sale | Discontinued Operations and Assets and Liabilities Held for Sale Spin-Off of SPX FLOW As indicated in Note 1, we completed the Spin-Off of SPX FLOW on September 26, 2015. The results of SPX FLOW are presented as a discontinued operation within the accompanying consolidated statements of operations and consolidated statements of cash flows. Major classes of line items constituting pre-tax income and after-tax income of SPX FLOW for the years ended December 31, 2015 (1), 2014 and 2013 are shown below:
The assets and liabilities of SPX FLOW have been reclassified to assets and liabilities of discontinued operations as of December 31, 2014. The components of SPX FLOW’s assets and liabilities as of December 31, 2014 are shown below:
The following table presents selected financial information regarding cash flows of SPX FLOW that are included within discontinued operations in the consolidated statements of cash flows:
Transition Services Agreement - On September 26, 2015 in connection with the Spin-Off, we entered into a transition services agreement with SPX FLOW, under which SPX FLOW or certain of its subsidiaries provide us, and we provide SPX FLOW or certain of its subsidiaries, with certain services to help ensure an orderly transition following the Spin-Off (the "Transition Services Agreement"). The services we agreed to provide to SPX FLOW include information technology, human resources, finance and financial reporting, and other administrative services. The services SPX FLOW has agreed to provide to us include information technology, human resources, finance and financial reporting, tax compliance, facility access and other administrative services. The charges for these services are intended to allow SPX FLOW or us, as applicable, to recover the direct and indirect costs incurred in providing such services. The Transition Services Agreement generally provides for a term of services starting at the Spin-Off date and continuing for a period of up to twelve months following the Spin-Off. Other than with respect to certain fixed-term pass-through services, the applicable recipient of services may terminate any transition services it is receiving upon thirty days' prior notice to the other party, with any extension or renewal of the Transition Services Agreement or the services provided thereunder requiring mutual agreement between SPX FLOW and us. Other Agreements with SPX FLOW - In connection with the Spin-Off, we entered into other definitive agreements with SPX that, among other matters, set forth the terms and conditions of the Spin-Off and provide a framework for our relationship with SPX FLOW after the Spin-Off, including the following:
Pursuant to the Separation and Distribution Agreement, the Employee Matters Agreement and the Tax Matters Agreement between us and SPX FLOW, SPX FLOW has agreed to indemnify us for certain liabilities, and we have agreed to indemnify SPX FLOW for certain liabilities, in each case for uncapped amounts. As of December 31, 2015, no indemnification claims have been initiated. The financial activity governed by these agreements between SPX FLOW and us is not material to our consolidated financial results for the year ended December 31, 2015. We also entered into a five-year agreement with SPX FLOW to lease office space for our corporate headquarters. Annual lease costs associated with the agreement are $2.1. Other Discontinued Operations Activity Fenn — Sold for cash consideration of $3.5 during 2014, resulting in a loss, net of taxes, of $0.4. Precision Components — Sold for cash consideration of $62.6 during 2014 (inclusive of cash paid of $0.4 associated with the working capital settlement), resulting in a loss, net of taxes, of $6.9. TPS — Sold for cash consideration of $42.5 during 2014, resulting in a gain, net of taxes, of $21.7. Dielectric — Sold assets of the business during 2013 for cash consideration of $4.7, resulting in a gain of less than $0.1. Kayex — Closed the business during 2013. We recorded a gain, net of taxes, of $1.3 during 2013 associated primarily with a gain on the sale of a perpetual license related to certain of the business's intangible assets, which was partially offset by a loss related to severance costs and asset impairment charges. Proceeds from the sale of the perpetual license totaled $6.9. In addition to the businesses discussed above, we recognized net losses of $5.2, $1.1 and $5.3 during 2015, 2014 and 2013, respectively, resulting from adjustments to gains/losses on dispositions of businesses discontinued prior to 2013. Changes in estimates associated with liabilities retained in connection with a business divestiture (e.g., income taxes) may occur. As such, it is possible that the resulting gains/losses on these and other previous divestitures may be materially adjusted in subsequent periods. For the years ended December 31, 2015, 2014 and 2013, selected information regarding the results of operations of our businesses included in discontinued operations, other than SPX FLOW, was as follows:
For the years ended December 31, 2015, 2014 and 2013, results of operations from our businesses reported as discontinued operations were as follows:
Agreement for Sale of Dry Cooling Business As indicated in Note 1, on November 20, 2015, we entered into an agreement for the sale of our dry cooling business. The assets and liabilities of our dry cooling business are presented as "held for sale" within the accompanying consolidated balance sheet as of December 31, 2015. We do not expect a material gain or loss to result from the sale. The major classes of assets and liabilities held for sale as of December 31, 2015 are shown below:
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, 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 segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Information on Reportable Segments |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Information on Reportable Segments | Information on Reportable Segments We are a global supplier of highly specialized, engineered solutions with operations in approximately 20 countries and sales in over 100 countries around the world. As indicated in Note 1, during the third quarter of 2015, we realigned our segment reporting structure. Under the realigned structure, we have aggregated our operating segments into the following three reportable segments: HVAC, Detection and Measurement, and Power. 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, distribution methods, and regulatory environment. 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, pension and postretirement expense/income, stock-based compensation and other indirect corporate expenses. This is consistent with the way our CODM evaluates the results of each segment. HVAC Reportable Segment Our HVAC reportable segment engineers, designs, manufactures, installs and services cooling products for the HVAC and industrial markets, as well as boilers, comfort heating and ventilation products for the residential and commercial markets. The primary distribution channels for the segment’s products are direct to customers, independent manufacturing representatives, third-party distributors, and retailers. The segment primarily serves a North American customer base. Detection and Measurement Reportable Segment Our Detection and Measurement reportable segment engineers, designs, manufactures and installs underground pipe and cable locators and inspection equipment, bus fare collection systems, communication technologies, and specialty lighting. The primary distribution channels for the segment’s products are direct to customers and third-party distributors. The segment serves a global customer base, with a strong presence in North America, Europe and Asia. Power Reportable Segment Our Power reportable segment engineers, designs, manufactures, installs and services dry, evaporative and hybrid cooling systems, rotating and stationary heat exchangers and pollution control systems for the power generation market, and transformers for the power transmission and distribution market. The primary distribution channels for the segment’s products are direct to customers and third-party representatives. The segment serves a global customer base, with a strong presence in North America, Europe, Asia Pacific, and South Africa. Corporate Expense Corporate expense generally relates to the cost of our Charlotte, NC corporate headquarters, our former Asia Pacific center in Shanghai, China, which was part of the Spin-Off, and costs that were previously allocated to the FLOW Business that do not meet the requirements to be presented within discontinued operations. Financial data for our reportable segments for the years ended December 31, 2015, 2014 and 2013 were as follows:
___________________________________________________________________
As of December 31, 2015, certain of these projects had cumulative losses. During the years ended December 31, 2015 and 2014, we recorded losses of approximately $105.0 and 9.2, respectively, related to these projects. There were no losses recorded on these projects during the year ended December 31, 2013.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Special Charges, Net |
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| Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Special Charges, Net | 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, 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 reducing structural footprint and maximizing profitability. As a result of our strategic review process, we recorded net special charges of $17.8 in 2015, $9.3 in 2014 and $17.9 in 2013. These net special charges were primarily related to restructuring initiatives to consolidate manufacturing and sales facilities, reduce workforce, and rationalize certain product lines. 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. 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, 2015, 2014 and 2013 are described in more detail below and in the applicable sections that follow:
2015 Charges:
HVAC Segment — Charges for 2015 related primarily to severance and other costs associated with facility consolidation efforts in Asia Pacific. These actions resulted in the termination of 44 employees. Detection and Measurement Segment — Charges for 2015 related primarily to severance and other costs associated with restructuring initiatives at the segment’s specialty lighting and bus fare collection businesses. These actions resulted in the termination of 21 employees. Power Segment — Charges for 2015 related primarily to severance and other costs associated with the continuation of restructuring actions at the segment’s power generation businesses in order to reduce the cost base of the businesses in response to reduced demand for coal and nuclear power products and services in Europe. Once completed, these restructuring activities are expected to result in the termination of approximately 275 employees. Corporate — Charges for 2015 related primarily to severance costs incurred in connection with the Spin-Off. Expected charges still to be incurred under actions approved as of December 31, 2015 are approximately $1.0. 2014 Charges:
HVAC Segment — Charges for 2014 related primarily to severance and other costs associated with the restructuring of a regional sales organization within the segment's boiler products business. These actions resulted in the termination of 13 employees. Detection and Measurement Segment — Charges for 2014 related primarily to severance and other costs associated with restructuring initiatives at various businesses within the segment. These actions resulted in the termination of 18 employees. Power Segment — Charges for 2014 related primarily to severance and other costs associated with the closure of a facility in China and various restructuring activities in Germany. These actions resulted in the termination of 42 employees. Corporate — Charges for 2014 related primarily to costs associated with our efforts to better align our corporate overhead structure with the new operational alignment that was implemented in the second half of 2013. 2013 Charges:
HVAC Segment — Charges for 2013 related primarily to severance and other costs associated with restructuring initiatives in Asia Pacific and the U.S. Detection and Measurement Segment — Charges for 2013 related primarily to severance and other costs associated with a restructuring initiative at the segment’s bus fare collections business. These actions resulted in the termination of 16 employees. Power Segment — Charges for 2013 related primarily to severance and other costs associated with various restructuring activities in Germany. These actions resulted in the termination of 303 employees. Corporate — Charges for 2013 related primarily to costs associated with the early termination of two building leases and an asset impairment charge of $0.3. The following is an analysis of our restructuring liabilities for the years ended December 31, 2015, 2014 and 2013:
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- References No definition available.
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- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. No definition available.
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Inventories, Net |
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| Inventory Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventories, Net | Inventories, Net Inventories at December 31, 2015 and 2014 comprised the following:
Inventories include material, labor and factory overhead costs and are reduced, when necessary, to estimated net realizable values. Certain domestic inventories are valued using the last-in, first-out ("LIFO") method. These inventories were approximately 46% and 42% of total inventory at December 31, 2015 and 2014, respectively. Other inventories are valued using the first-in, first-out ("FIFO") method. |
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- References No definition available.
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- 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Goodwill and Other Intangible Assets |
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| Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill, by reportable segment, for the year ended December 31, 2015, were as follows:
The changes in the carrying amount of goodwill, by reportable segment, for the year ended December 31, 2014, were as follows:
Identifiable intangible assets were as follows:
Amortization expense was $5.2, $5.7 and $5.8 for the years ended December 31, 2015, 2014 and 2013, respectively. Estimated amortization expense related to these intangible assets is $4.9 in 2016, $4.2 in 2017, $4.2 in 2018, $2.8 in 2019, and $2.8 in 2020. At December 31, 2015, the net carrying value of intangible assets with determinable lives consisted of $6.0 in the HVAC segment, $0.3 in the Detection and Measurement segment, and $31.2 in the Power segment. Trademarks with indefinite lives consisted of $89.2 in the HVAC segment, $11.3 in the Detection and Measurement segment, and $24.5 in Power segment. 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. As indicated in Note 1, in connection with the change in reportable segments, we reallocated goodwill among certain of our reporting units based on the respective fair values of such reporting units. 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. Based on our annual goodwill impairment testing in 2015, we recorded an impairment charge of $13.7 relating to the Balcke Duerr reporting unit within our Power reportable segment, which represented all of Balcke Duerr's goodwill. Additionally, the estimated fair value of one reporting unit within our Power reportable segment exceeded the carrying value of its net assets by less than 10%, with the amount of goodwill for this reporting unit totaling $25.2 at December 31, 2015. The estimated fair value of such reporting unit was based in part on the expected proceeds from the sale of our dry cooling business (see Note 1). The estimated fair value of each of our other reporting units exceeds the carrying value of their respective net assets by at least 10%. We perform our annual trademarks impairment testing during the fourth quarter, or on a more frequent basis if there are indications of potential impairment. The fair values of our trademarks are determined by applying estimated royalty rates to projected revenues, with the resulting cash flows discounted at a rate of return that reflects current market conditions. The basis for these projected revenues is the annual operating plan for each of the related businesses, which is prepared in the fourth quarter of each year. As indicated in Note 1, we understated a fourth quarter 2014 impairment charge relating to certain trademarks within our Power reportable segment by $2.5. We have corrected this misstatement in the accompanying consolidated financial statements by (i) increasing the impairment charge for the year ended December 31, 2014 to $10.9 (from the $8.4 originally reported) and (ii) reducing “Intangibles, net” and Retained earnings” as of December 31, 2014 by $2.5. In addition to the aforementioned charge of $10.9, we recorded an impairment charge during the fourth quarter of 2014 of $18.0 related to our Cooling Power reporting unit's investment in the Shanghai Electric joint venture. Other changes in the gross values of trademarks and other identifiable intangible assets related primarily to foreign currency translation. |
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- References No definition available.
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- 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Investments in Joint Ventures |
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| Equity Method Investments and Joint Ventures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||
| Investments in Joint Ventures | Investments in Joint Ventures As of December 31, 2013, we had a joint venture, EGS Electrical Group, LLC and Subsidiaries ("EGS"), with Emerson Electric Co., in which we held a 44.5% interest. 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 accounted for our investment using the equity method, on a three-month lag basis, and we typically received our share of the joint venture's earnings in cash dividends paid quarterly. On January 7, 2014, we completed the sale of our 44.5% interest in EGS to Emerson Electric Co. for cash proceeds of $574.1. As a result of the sale, we recorded a gain of $491.2 to "Other income (expense), net" and there were no equity earnings related to this investment during 2014. EGS's results of operations and selected other information for its fiscal year ended September 30, 2013 were as follows:
The financial position, results of operations and cash flows of our other equity method investments are not material, individually or in the aggregate, in relation to our consolidated financial statements. |
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- References No definition available.
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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Employee Benefit Plans |
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| Employee Benefit Plans | 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 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. Transfers of Retiree Pension Obligations and Lump-Sum Offer — In 2013, we executed an agreement to transfer obligations for monthly pension payments to retirees under the SPX U.S. Pension Plan (the "U.S. Plan") to Massachusetts Mutual Life Insurance Company ("Mass Mutual"). Under the agreement, Mass Mutual irrevocably assumed the obligation to make future pension payments to the approximately 16,000 retirees of the U.S. Plan beginning in the second quarter of 2014. The U.S. Plan paid Mass Mutual $663.7 in 2013 to assume obligations totaling approximately $609.0. The partial annuitization of the U.S. Plan resulted in a settlement gain of $4.8, which has been included in net periodic pension benefit expense for 2013. During 2014 the above settlement gain was increased by an additional $4.8 due to refunds by Mass Mutual to the U.S. Plan, with such gain included in net periodic pension benefit expense for 2014. Additionally, during a designated election period in the first quarter of 2014, we offered approximately 7,100 eligible former employees a voluntary lump-sum payment option in lieu of a future pension benefit under the U.S. Plan. Approximately 38%, or $165.2, of the projected benefit obligation of the U.S. Plan was settled as a result of lump-sum payments made to those who accepted the offer. These payments were made during the first quarter of 2014. In connection with the lump-sum payment action, a settlement loss and an actuarial loss of $4.6 and $14.8, respectively,were recorded to net periodic pension benefit expense, with the actuarial loss resulting from the remeasurement of the assets and obligations of the U.S. Plan. In the fourth quarter of 2014, we executed an agreement to transfer obligations for monthly pension payments to retirees under the SPX U.K. Pension Plan (the "U.K. Plan") to Just Retirement Limited ("Just Retirement"). Under the agreement, Just Retirement irrevocably assumed the obligation to make future pension payments to the approximately 900 retirees of the U.K. Plan beginning in the first quarter of 2015. The U.K. Plan paid Just Retirement 79.2 British Pounds ("GBP") ($123.3 equivalent) in the fourth quarter of 2014 to assume obligations totaling approximately GBP 68.0 ($105.8 equivalent). The partial annuitization of the U.K. Plan resulted in a settlement loss of $15.0, which was included in net periodic pension benefit expense for 2014. On July 14, 2015, we amended the U.S. Plan and the Supplemental Individual Account Retirement Plan (‘‘SIARP’’) to freeze all benefits for active non-union participants. The amendment resulted in a curtailment gain of $5.1. In connection with the amendment, we remeasured the assets and liabilities of the U.S. Plan and the SIARP as of June 30, 2015, which resulted in a charge to net periodic pension benefit expense of $11.4, which has been included in net periodic pension benefit expense for 2015. Defined Benefit Pension Plans Plan assets — Our investment strategy is based on the long-term growth and protection of principle 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 fixed income securities and domestic and international equities. 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 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. 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. 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 fixed income securities, equity 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, 2015 or 2014. Actual asset allocation percentages of each class of our domestic and foreign pension plan assets as of December 31, 2015 and 2014, 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
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Foreign Pension Plans
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The fair values of pension plan assets at December 31, 2015, by asset class, were as follows:
The fair values of pension plan assets at December 31, 2014, by asset class, were as follows:
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 $5.5 and $7.0 at December 31, 2015 and 2014, respectively, and have been included within Level 2 of the fair value hierarchy in the tables above. During 2015, the balance of our Corporate bonds and US Government securities asset classes were transferred from Level 1 to Level 2 of the fair value hierarchy (the fair value of these asset classes were $44.8 and $48.5 at December 31, 2015 and 2014, respectively). During 2014, there were no significant transfers between Level 1 and Level 2 of the fair value hierarchy. It is our policy to recognize transfers between levels of the fair value hierarchy 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, 2015 and 2014:
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 2015, we made no contributions to our qualified domestic pension plans, and direct benefit payments of $12.3 to our non-qualified domestic pension plans. In 2016, we do not expect to make any minimum required funding contributions to our qualified domestic pension plans and expect to make direct benefit payments of $9.8 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. In 2015, we made contributions of $6.3 to our foreign plans that are funded, which included $5.6 of contributions that relate to businesses that have been classified as discontinued operations. In addition, we made direct benefit payments of $2.3 to our foreign plans that are unfunded, including $2.0 associated with plans that were transferred to SPX FLOW upon the Spin-Off. In 2016, we expect to make minimum required funding contributions of $2.2, including $1.8 of contributions that relate to businesses that have been classified as discontinued operations, and $0.3 of direct benefit payments to our foreign pension plans. Estimated Future Benefit Payments — Following is a summary, as of December 31, 2015, of the estimated future benefit payments for our pension plans in each of the next five fiscal years and in the aggregate for five fiscal years thereafter. Benefit payments are paid from plan assets or directly by us for our non-funded plans. The expected benefit payments are estimated based on the same assumptions used at December 31, 2015 to measure our obligations and include benefits attributable to estimated future employee service.
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 unfunded status of our pension plans as of December 31, 2015 has decreased since December 31, 2014, primarily as a result of (i) a transfer to SPX FLOW of the obligation of the "Top Management Plan" related to SPX FLOW executive officers, (ii) higher discount rates being used to value the domestic and foreign plans and (iii) changes in mortality rate assumptions used to value the domestic plans in 2015 compared to 2014, partially offset by lower returns on plan assets in 2015. Our non-funded pension plans account for $85.7 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:
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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, 2015 and 2014:
The accumulated benefit obligation for all domestic and foreign pension plans was $370.8 and $155.7, respectively, at December 31, 2015 and $442.9 and $236.0, respectively, at December 31, 2014. Components of Net Periodic Pension Benefit Expense (Income) — Net periodic pension benefit expense (income) for our domestic and foreign pension plans included the following components: Domestic Pension Plans
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Foreign Pension Plans
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Assumptions — Actuarial assumptions used in accounting for our domestic and foreign pension plans were as follows:
We review the pension assumptions annually. Pension income or expense for the year is determined using assumptions as of the beginning of the year (except for the effects of recognizing changes in the fair value of plan assets and actuarial gains and losses in the fourth quarter of each 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. 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 2015, we made benefit payments of $9.4 (net of federal subsidies of $0.2) to our postretirement benefit plans. Following is a summary, as of December 31, 2015, 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, 2015 to measure our obligations and include benefits attributable to estimated future employee service.
Obligations and Funded Status — The following tables show the postretirement plans' funded status and amounts recognized in our consolidated balance sheets:
The net periodic postretirement benefit expense (income) included the following components:
Actuarial assumptions used in accounting for our domestic postretirement plans were as follows:
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. Including the effects of recognizing actuarial gains and losses into earnings, a one percentage point increase in the assumed health care cost trend rate would have increased our estimated 2015 postretirement expense by $5.8, and a one percentage point decrease in the assumed health care cost trend rate would have decreased our estimated 2015 postretirement expense by $5.1. Defined Contribution Retirement Plans We maintain a defined contribution retirement plan (the "DC Plan") pursuant to Section 401(k) of the U.S. Internal Revenue Code. Under the DC Plan, eligible U.S. employees may voluntarily contribute up to 50% of their compensation into the DC 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 DC Plan, we contributed 0.434, 0.167 and 0.206 shares of our common stock to employee accounts in 2015, 2014 and 2013, respectively. Compensation expense is recorded based on the market value of shares as the shares are contributed to employee accounts. We recorded $10.2 in 2015, $10.3 in 2014 and $9.4 in 2013 as compensation expense related to the matching contribution. Certain collectively-bargained employees participate in the DC Plan with company contributions not being made in company common stock, although company common stock is offered as an investment option under these plans. 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 DC 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 $20.0 and $26.0 at December 31, 2015 and 2014, 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 2015, 2014 and 2013, we recorded compensation expense of $0.7, $0.6 and $0.3, respectively, relating to our matching contributions to the SRSP. |
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- References No definition available.
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- Definition The entire disclosure for pension and other postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| Income Tax Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Taxes | Income Taxes Income (loss) from continuing operations before income taxes and the (provision for) benefit from income taxes consisted of the following:
The reconciliation of income tax computed at the U.S. federal statutory tax rate to our effective income tax rate was as follows:
Significant components of our deferred tax assets and liabilities were as follows:
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, 2015, we had the following tax loss carryforwards available: state tax loss carryforwards of approximately $433.0 and tax losses of various foreign jurisdictions of approximately $221.0. We also had federal and state tax credit carryforwards of $6.0. Of these amounts, $0.3 expire in 2016 and $452.7 expire at various times between 2016 and 2035. 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 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 decreased by $82.0 in 2015 and increased by $3.6 in 2014. The most significant driver of the 2015 decrease was the impact of the Spin-Off, partially offset by the losses generated during the year for our large power projects in South Africa. 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 prior years. 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, 2015, we had not recorded a provision for U.S. or foreign withholding taxes on approximately $33.0 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. Unrecognized Tax Benefits As of December 31, 2015, we had gross unrecognized tax benefits of $48.8 (net unrecognized tax benefits of $30.1), all of which, if recognized, would impact our effective tax rate from continuing operations. Similarly, at December 31, 2014 and 2013, we had gross unrecognized tax benefits of $63.3 (net unrecognized tax benefits of $33.9) and $128.4 (net unrecognized tax benefits of $72.9), respectively. We classify interest and penalties related to unrecognized tax benefits as a component of our income tax provision. As of December 31, 2015, gross accrued interest totaled $5.4 (net accrued interest of $4.5), while the related amounts as of December 31, 2014 and 2013 were $5.9 (net accrued interest of $4.9) and $12.4 (net accrued interest of $8.6), respectively. Our income tax (provision) benefit for the years ended December 31, 2015, 2014 and 2013 included gross interest income of $0.2, $0.9 and $0.2, respectively, resulting from a reduction in our liability for uncertain tax positions. As of December 31, 2015 and December 31, 2014, we had no accrual for penalties included in our unrecognized tax benefits, while the related amount as of December 31, 2013 was $7.1. Our income tax (provision) benefit for the year ended December 31, 2014 included a benefit of $7.1 for the reversal of penalties previously accrued, resulting primarily from audit settlements during the year. No amount for penalties was included in the income tax (provision) benefit for the years ended December 31, 2015 or December 31, 2013. 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 $6.0 to $10.0. The previously unrecognized tax benefits relate to a variety of tax matters including deemed income inclusions, transfer pricing and various state matters. The aggregate changes in the balance of unrecognized tax benefits for the years ended December 31, 2015, 2014 and 2013 were as follows:
Other Tax Matters During 2015, our income tax provision was impacted by (i) the effects of approximately $139.0 of pre-tax losses generated during the year (the majority of which relate to our large projects in South Africa) for which no tax benefit was recognized, as future realization of any such tax benefit is considered unlikely, (ii) $3.7 of foreign taxes incurred during the year related to the Spin-Off and the reorganization actions undertaken to facilitate the Spin-Off, and (iii) $3.4 of taxes related to various audit settlements, statute expirations, and other adjustments to liabilities for uncertain tax positions. During 2014, our income tax provision was impacted by the U.S. income taxes provided in connection with the $491.2 gain on the sale of our interest in EGS and by the following income tax charges: (i) $33.8 related to net increases in valuation allowances recorded against certain foreign deferred income tax assets and (ii) $11.4 related to the repatriation of certain earnings of our non-U.S. subsidiaries. In addition, our income tax provision was impacted unfavorably by a low effective tax rate on foreign losses. The impact of these items was partially offset by the following income tax benefits: (i) $16.2 of tax benefits related to various audit settlements, statute expirations and other adjustments to liabilities for uncertain tax positions, with the most notable being the closure of our U.S. tax examination for the years 2008 through 2011, and (ii) $6.4 of tax benefits related to a loss on an investment in a foreign subsidiary. During 2013, our income tax provision was impacted by the following income tax benefits: (i) $9.5 related to net reductions in valuation allowances recorded against certain foreign deferred income tax assets; (ii) $4.1 related to various audit settlements and statute expirations; and (iii) $4.1 associated with the Research and Experimentation Credit generated in 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 resolutions occur, these accruals are adjusted, such as in the case of audit settlements with taxing authorities. We have filed our federal income tax returns for the 2013 and 2014 tax years and those returns are subject to examination. With regard to all open tax years, 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 the respective tax returns. 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. We believe 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 are in Germany for the 2010 through 2013 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, the timing of the ultimate resolution and any payments that may be required for the above matters cannot be determined at this time. |
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- References No definition available.
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- 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Indebtedness |
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| Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Indebtedness | Indebtedness The following summarizes our debt activity (both current and non-current) for the year ended December 31, 2015:
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Maturities of long-term debt payable during each of the five years subsequent to December 31, 2015 are $9.1, $18.0, $17.8, $17.8 and $288.9, respectively. Senior Credit Facilities In connection with the Spin-Off, we entered into a credit agreement (the "Credit Agreement"), dated September 1, 2015, ("Effective Date") with a syndicate of lenders that provided for committed senior secured financing in the aggregate amount of $1,200.0, consisting of the following (each with a final maturity of September 24, 2020):
In addition, SPX FLOW entered into a credit agreement, dated September 1, 2015, with a syndicate of lenders that provided for committed senior secured financing in the aggregate amount of $1,350.0 (the "SPX FLOW Credit Agreement"). As a result of the Spin-Off, we have no obligations under the SPX FLOW Credit Agreement. On September 24, 2015, the lenders provided the initial funding under the Credit Agreement and the SPX FLOW Credit Agreement. The proceeds of the initial borrowings were used in part to repay indebtedness outstanding under our amended and restated credit agreement, dated December 31, 2013 (the "December 2013 Credit Agreement"). The December 2013 Credit Agreement terminated on September 24, 2015 upon the repayment of such indebtedness. The term loan under the Credit Agreement is repayable in quarterly installments (with annual aggregate repayments, as a percentage of the initial principal amount of $350.0, of 5.0%, beginning in the third calendar quarter of 2016), with the remaining balance repayable in full on September 24, 2020. We also may seek additional commitments, without consent from the existing lenders, 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 an aggregate principal amount not to exceed (i) $300.0 plus (ii) an unlimited amount so long as, immediately after giving effect thereto, our Consolidated Senior Secured Leverage Ratio (as defined in the Credit Agreement generally as the ratio of consolidated total debt (excluding the face amount 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 secured by liens to consolidated adjusted EBITDA for the four fiscal quarters ended most recently before such date) does not exceed 2.75:1.00 plus (iii) an amount equal to all voluntary prepayments of the term loan facility and voluntary prepayments accompanied by permanent commitment reductions of revolving credit facilities and foreign credit instrument facilities. We are the borrower under each of the above facilities, and certain of our foreign subsidiaries are (and we may designate other foreign subsidiaries to be) borrowers under the global revolving credit facility and the foreign credit instrument facilities. All borrowings and other extensions of credit under the Credit Agreement 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 SPX on behalf of any of our subsidiaries or certain joint ventures. The foreign credit instrument facility is used to issue foreign credit instruments, including bank undertakings to support our foreign operations. The interest rates applicable to loans under the Credit Agreement are, at our option, equal to either (i) an alternate base rate (the highest 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 (Eurodollars) 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 and 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 most recently before such date). We may elect interest periods of one, two, three or six months (and, if consented to by all relevant lenders, twelve months) for Eurodollar borrowings. The per annum fees charged and the interest rate margins applicable to Eurodollar and alternate base rate loans are as follows:
The weighted-average interest rate of outstanding borrowings under our senior credit facilities was approximately 2.2% at December 31, 2015. The fees and 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 0.25% per annum, respectively. The Credit Agreement requires 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) by SPX or our subsidiaries. Mandatory prepayments will be applied to repay, first, amounts outstanding under any term loans and, then, 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 (or committed to be reinvested) in permitted acquisitions, permitted investments or assets to be used in our business within 360 days (and if committed to be reinvested, actually reinvested within 180 days after the end of such 360-day period) of the receipt of such proceeds. We may voluntarily prepay loans under the Credit Agreement, 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 rate borrowings other than on the last day of the relevant interest period. Indebtedness under the Credit Agreement is guaranteed by:
Indebtedness under the Credit Agreement 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 SPX or our domestic subsidiary guarantors and 65% of the capital stock of our material first-tier foreign subsidiaries (with certain exceptions). If SPX obtains a corporate credit rating from Moody’s and S&P and such corporate credit rating is less than “Ba2” (or not rated) by Moody’s and less than “BB” (or not rated) by S&P, then SPX and our domestic subsidiary guarantors are required to grant security interests, mortgages and other liens on substantially all of their assets. If SPX’s corporate credit rating is “Baa3” or better by Moody’s or “BBB-” or better by S&P and no defaults would exist, then all collateral security will be released and the indebtedness under the Credit Agreement will be unsecured. The Credit Agreement requires that SPX maintain:
The Credit Agreement also contains 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. The Credit Agreement contains customary representations, warranties, affirmative covenants and events of default. We are permitted under the Credit Agreement 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) $50.0 in any fiscal year plus (B) an additional amount for all such repurchases and dividend declarations made after the Effective Date equal to the sum of (i) $100.0 plus (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 the Effective Date 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) plus (iii) certain other amounts. At December 31, 2015, we had $301.9 of available borrowing capacity under our revolving credit facilities after giving effect to $48.1 reserved for outstanding letters of credit. In addition, at December 31, 2015, we had $224.1 of available issuance capacity under our foreign credit instrument facilities after giving effect to $275.9 reserved for outstanding letters of credit. At December 31, 2015, we were in compliance with all covenants of our Credit Agreement. Other Borrowings and Financing Activities Certain of our businesses purchase goods and services under purchase card programs allowing for payment beyond their normal payment terms. As of December 31, 2015 and 2014, the participating businesses had $4.8 and $32.1, respectively, outstanding under these arrangements. We are party to a trade receivables financing agreement, whereby we can borrow, on a continuous basis, up to $50.0. Availability of funds may fluctuate over time given changes in eligible receivable balances, but will not exceed the $50.0 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. |
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- 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Financial Instruments |
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| Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivative Financial Instruments | Derivative Financial Instruments Currency Forward Contracts and Currency Forward Embedded Derivatives 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 the impact of changes as a result of currency fluctuations. Our principal currency exposures relate to the Euro, South African Rand, CNY and GBP. From time to time, we enter into 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 ("FX forward contracts"). In addition, some of our contracts contain currency forward embedded derivatives ("FX embedded derivatives"), because 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. 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 are 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 is recorded as a component of "Other income (expense), net" in the period in which the transaction is no longer considered probable of occurring. To the extent 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 in which it occurs. We had FX forward contracts with an aggregate notional amount of $139.8 and $212.5 outstanding as of December 31, 2015 and 2014, respectively. Of our outstanding contracts as of December 31, 2015, $136.8 and $3.0 are scheduled to mature in 2016 and 2017, respectively. We also had FX embedded derivatives with an aggregate notional amount of $120.8 and $192.6 at December 31, 2015 and 2014, respectively, with scheduled maturities of $88.4, $28.0 and $4.4 in 2016, 2017 and 2018, respectively. The unrealized losses, net of taxes, recorded in AOCI related to FX forward contracts were $0.6 and $0.3 as of December 31, 2015 and 2014, respectively. We anticipate reclassifying the unrealized losses as of December 31, 2015 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 $1.6 in 2015, $2.6 in 2014 and $0.3 in 2013. Commodity Contracts From time to time, we enter into commodity contracts to manage the exposure on forecasted purchases of commodity raw materials. The outstanding notional amount of commodity contracts was 4.2 pounds of copper at both December 31, 2015 and 2014. 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 AOCI associated with our commodity contracts to cost of products sold when the forecasted transaction impacts earnings. As of December 31, 2015 and 2014, the fair value of these contracts was $1.7 (current liabilities) and $1.4 (current liabilities), respectively. The unrealized loss, net of taxes, recorded in AOCI was $1.2 and $1.0 as of December 31, 2015 and 2014, respectively. We anticipate reclassifying the unrealized loss as of December 31, 2015 to income over the next 12 months. The following summarizes the gross and net fair values of our FX forward and commodity contracts by counterparty at December 31, 2015 and 2014:
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The following summarizes the fair value of our FX embedded derivative instruments, which are not designated as hedging instruments, and the related balance sheet classification as of December 31, 2015 and 2014:
The following summarizes the pre-tax gain (loss) recognized in AOCI resulting from derivative financial instruments designated as cash flow hedging relationships for the years ended December 31, 2015, 2014 and 2013:
The following summarizes the pre-tax gain (loss) related to derivative financial instruments designated as cash flow hedging relationships reclassified from AOCI to income through "Revenues" for FX forward contracts and "Cost of products sold" for commodity contracts for the years ended December 31, 2015, 2014 and 2013:
The following summarizes the gain (loss) recognized in "Other income (expense), net" for the years ended December 31, 2015, 2014 and 2013 related to derivative financial instruments not designated as cash flow hedging relationships:
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 maintain cash levels in bank accounts that, at times, may exceed federally-insured limits. We have not experienced, and believe we are not exposed to significant risk of, loss in these accounts. 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. |
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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Commitments, Contingent Liabilities and Other Matters |
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Dec. 31, 2015 | |||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||
| Commitments, Contingent Liabilities and Other Matters | 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:
Total operating lease expense, inclusive of rent based on scheduled rent increases and rent holidays recognized on a straight-line basis, was $19.1 in 2015, $21.5 in 2014 and $22.2 in 2013. General Numerous claims, complaints and proceedings arising in the ordinary course of business have been asserted or are pending against us or certain of our subsidiaries (collectively, “claims”). These claims relate to litigation matters (e.g., class actions, derivative lawsuits and contracts, intellectual property and competitive claims), environmental matters, product liability matters (predominately associated with alleged exposure to asbestos-containing materials), and other risk management matters (e.g., general liability, automobile, and workers' compensation claims). Additionally, we may become subject to other claims of which we are currently unaware, which may be significant, or the claims of which we are aware may result in our incurring significantly greater loss than we anticipate. While we (and our subsidiaries) 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 significant portion of these claims, this insurance may be insufficient or unavailable (e.g., in the case 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. Our recorded liabilities related to these matters totaled $591.1 (including $534.4 for asbestos product liability matters) and $577.6 (including $515.4 for asbestos product liability matters) at December 31, 2015 and 2014, respectively. Of these amounts, $552.8 and $545.1 are included in "Other long-term liabilities" within our consolidated balance sheets at December 31, 2015 and 2014, respectively, with the remainder included in "Accrued expenses." The liabilities we record for these claims are based on a number of assumptions, including historical claims and payment experience and, with respect to asbestos claims, actuarial estimates of the future period during which additional claims are reasonably foreseeable. While we base our assumptions on facts currently known to us, they entail inherently subjective judgments and uncertainties. As a result, our current assumptions for estimating these liabilities may not prove accurate, and we may be required to adjust these liabilities in the future, which could result in charges to earnings. These variances relative to current expectations could have a material impact on our financial position and results of operations. Our asbestos-related claims are typical in certain of the industries in which we operate or pertain to legacy businesses we no longer operate. It is not unusual in these cases for fifty or more corporate entities to be named as defendants. We vigorously defend these claims, many of which are dismissed without payment, and the significant majority of costs related to these claims have historically been paid pursuant to our insurance arrangements. During the years ended December 31, 2015, 2014 and 2013, our payments for asbestos-related matters, net of insurance recoveries, were $6.9, $5.5 and $4.3, respectively. A significant increase in claims, costs and/or issues with existing insurance coverage (e.g., dispute with or insolvency of insurer(s)) could have a material adverse impact on our share of future payments related to these matters, and, as such, have a material impact on our financial position, results of operations and cash flows. We have recorded insurance recovery assets associated with the asbestos product liability matters, with such amounts totaling $493.3 and $479.1 at December 31, 2015 and 2014, respectively, and included in "Other assets" within our consolidated balance sheets. These assets represent amounts that we believe we are or will be entitled to recover under agreements we have with insurance companies. The assets we record for these insurance recoveries are based on a number of assumptions, including the continued solvency of the insurers, and are subject to a variety of uncertainties. Our current assumptions for estimating these assets may not prove accurate, and we may be required to adjust these assets in the future, which could result in additional charges to earnings. These variances relative to current expectations could have a material impact on our financial position and results of operations. During the years ended December 31, 2015 and 2014, we recorded charges of $11.2 and $4.6, respectively, as a result of changes in estimates associated with the liabilities and assets related to asbestos product liability matters. Of these charges, $8.0 and $3.1 were recorded to “Other income (expense), net” for the years ended December 31, 2015 and 2014, respectively, and $3.2 and $1.5, respectively, to “Gain (loss) on disposition of discontinued operations, net of tax.” There were no such charges recorded during the year ended December 31, 2013. Large Power Projects in South Africa The business environment surrounding our large power projects in South Africa remains difficult, as we continue to experience delays, cost over-runs, and various other challenges associated with a complex set of contractual relationships among the end customer, prime contractors, various subcontractors (including us and our subcontractors), and various suppliers. We currently are involved in a number of claim disputes relating to these challenges. We are pursuing various commercial alternatives for addressing these challenges, in attempt to mitigate our overall financial exposure. During the third quarter of 2015, we gained considerable insight into the path forward for completing these projects, including our remaining scope, the estimated costs for completing such scope, and our expected recoverability of costs from the prime contractors and our subcontractors. In response to this new information, we revised our estimates of revenues, costs and profits associated with the projects. These revisions resulted in an increase in our “Loss from continuing operations before income taxes” for the year ended December 31, 2015 of $95.0, which is comprised of a reduction in revenue of $57.2 and an increase in cost of products sold of $37.8. In addition, these revisions resulted in an increase in our “Net loss” for the year ended December 31, 2015 of $71.2 and an increase in our “Loss per share of common stock” of $1.75 for the same period. In December 2015, our South African subsidiary, DBT Technologies (Pty) Ltd, along with Alstom S&E Africa (Proprietary) Limited, a subsidiary of General Electric (collectively “GE”), signed an addendum to the agreement covering the terms of the companies’ commercial relationship regarding work on the Kusile power plant project under construction for the state-owned utility company, Eskom Holdings Limited (“Eskom”) in South Africa. The addendum resolves most of the material outstanding issues between us and GE for the scope of work related to the Air Cooled Condensers (“ACCs”) for the Kusile project. A separate addendum settles material outstanding issues between us and our subcontractor, Tubular Construction Projects (Pty) Ltd. (“TCP”). The agreement with GE eliminates our construction responsibilities on the ACCs of the final three units at the site and adjusts the timeline for completion of the project. As a result of this addendum, TCP has become directly responsible for construction on units 4-6. We will continue to provide materials and engineered components, as well as support for commissioning and technical compliance, for all six units and will remain responsible for completion of construction activities on units 1-3. The financial impact of the addendum was accounted for in the aforementioned revisions of revenues, costs and profits that were recorded during the third quarter of 2015. We recognize revenue associated with unapproved change orders and claims to the extent the related costs have been incurred and the amount expected of recovery is probable and reasonably estimable. At December 31, 2015, the projected revenues related to our large power projects in South Africa included approximately $25.0 related to claims and unapproved change orders. We believe these amounts are recoverable under the provisions of the related contracts and reflect our best estimate of recoverable amounts. Although we believe that our current estimates of revenues, costs and profits relating to these projects are reasonable, it is possible that future revisions of such estimates could have a material effect on our consolidated financial statements. Litigation Matters We are subject to other legal 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; however, we cannot assure you that these proceedings or claims will not have a material effect 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, and results of operations or cash flows. As of December 31, 2015, we had liabilities for site investigation and/or remediation at 35 sites (42 sites at December 31, 2014) 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 revise an estimate once it becomes probable and the amount of change 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, as of December 31, 2015, we have been notified that we are potentially responsible and have received other notices of potential liability pursuant to various environmental laws at 24 sites (26 sites at December 31, 2014) at which the liability has not been settled, of which 7 sites (9 sites at December 31, 2014) 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 our aggregate liability, if any, related to these sites is not material to our consolidated financial statements. 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, the cost of remedial actions for compliance with the present laws and regulations governing the protection of the environment is not expected to have a material impact, individually or in the aggregate, on our financial position, results of operations or cash flows. Self-Insured 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 statements of operations. We enter into consortium arrangements for certain projects within our Power 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 responsibility for its 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, 2015, our share of the aggregate contract value on open consortium arrangements was $100.2 (of which approximately 68% had been recognized as revenue), and the aggregate contract value on open consortium arrangements was $371.7. As of December 31, 2014, our share of the aggregate contract value on open consortium arrangements was $65.2 (of which approximately 87% had been recognized as revenue), and the aggregate contract value on open consortium arrangements was $291.1. At December 31, 2015 and 2014, we recorded liabilities of $0.6 and $0.7, 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 an employment agreement for our President and Chief Executive Officer. This agreement has an initial term through December 31, 2017 and, thereafter, rolling terms of one year, and specifies the executive's current compensation, benefits and perquisites, severance entitlements, and other employment rights and responsibilities. The Compensation Committee of the Board of Directors has approved severance benefit agreements for our other five executive officers. These agreements cover each executive's entitlements in the event that the executive’s employment is terminated for other than cause, death or disability, or the executive resigns with good reason. The Compensation Committee of the Board of Directors has also approved change of control agreements for each of our executive officers, which cover each executive’s entitlements following a change of control. In addition, one former executive officer has an outstanding non-interest bearing 20-year relocation home loan totaling $1.5 granted in connection with the 2001 move of our corporate headquarters. |
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- References No definition available.
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- Definition The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Shareholders' Equity and Stock-Based Compensation |
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| SHAREHOLDERS' EQUITY AND STOCK-BASED COMPENSATION | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Shareholders' Equity and Stock-Based Compensation | Shareholders' Equity and Stock-Based Compensation Income (Loss) Per Share The following table sets forth the computations of the components used for the calculation of basic and diluted income (loss) per share:
For the year ended December 31, 2015, 0.351 of unvested restricted stock shares/units were not included in the computation of diluted earnings per share as we incurred losses from continuing operations during the period. For the years ended December 31, 2015, 2014 and 2013, 0.553, 0.226 and 0.647 of unvested restricted stock shares/units, respectively, were not included in the computation of diluted earnings per share as the required market thresholds for vesting were not met. For the year ended December 31, 2015, 0.505 of outstanding stock options were not included in the computation of diluted earnings per share because their exercise price was greater than the average market price of common shares. There were no stock options outstanding during the year ended December 31, 2014, and all stock options outstanding were included in the computation of diluted earnings per share for the year ended December 31, 2013. Common Stock and Treasury Stock At December 31, 2015, we had 200.0 authorized shares of common stock (par value $0.01). Common shares issued, treasury shares and shares outstanding are summarized in the table below.
Stock-Based Compensation Under the 2002 Stock Compensation Plan, as amended in 2006, 2011, 2012 and 2015, up to 0.443 shares of our common stock were available for grant at December 31, 2015. 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 shares. Each share of restricted stock and restricted stock unit granted reduces availability by two shares. During the years ended December 31, 2015, 2014 and 2013, we classified excess tax benefits from stock-based compensation of $0.8, $9.7 and $6.3, respectively, as financing cash flows and included such amounts in "Minimum withholdings paid on behalf of employees for net share settlements, net of proceeds from the exercise of employee stock options and other" within our consolidated statements of cash flows. Restricted stock shares 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 a period of time, generally one or three years. In some instances, such as death, disability, or retirement, stock may vest concurrently with or following an employee's termination. A substantial portion of the restricted stock shares and restricted stock unit awards vest based on performance thresholds, while the remaining portion vest based on the passage of time since grant date. Eligible employees received target performance awards in 2014 and 2013 in which the employee can earn between 25% and 125% of the target performance award in the event the award meets the required vesting criteria. Vesting for the 2014 and 2013 target performance awards is based on SPX shareholder return versus the S&P Composite 1500 Industrials Index over three-year periods ending December 31, 2016 and December 31, 2015, respectively. In connection with the Spin-Off, the 2014 and 2013 target performance awards were modified to allow for a minimum vesting equivalent to 50% of the underlying shares at the end of the applicable remaining service periods. In connection with this modification, we recorded additional stock compensation expense of $2.1 in 2015. The remaining 2013 target performance awards (i.e., the remaining 50%) did not meet the required performance target for the three years ended December 31, 2015 and, as such, these awards have been forfeited. Each eligible non-officer employee also received awards in 2015, 2014 and 2013 that vest ratably over three years, subject only to the passage of time. Officers received awards in 2015 and 2014 that vest ratably over three years, subject to an internal performance metric. We grant restricted stock shares to non-employee directors under the 2006 Non-Employee Directors' Stock Incentive Plan (the "Directors' Plan") and the 2002 Stock Compensation Plan. Under the Directors' Plan, up to 0.027 shares of our common stock were available for grant at December 31, 2015. The 2015, 2014 and 2013 restricted stock grants to non-employee directors generally vest over a one-year vesting period. Restricted stock shares and restricted stock units that do not vest within the applicable vesting period are 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 the 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. 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. Compensation expense within income from continuing operations related to stock options, restricted stock shares and restricted stock units totaled $34.5, $33.1 and $26.5 for the years ended December 31, 2015, 2014 and 2013, respectively, with the related tax benefit being $13.1, $12.6 and $10.1 for the years ended December 31, 2015, 2014 and 2013, respectively. Restricted Stock Share and Restricted Stock Unit Awards We use the Monte Carlo simulation model valuation technique to determine fair value of our restricted stock shares and restricted stock units that 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 share and restricted stock unit award. We used the following assumptions in determining the fair value of the awards granted on the dates indicated below:
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. The following table summarizes the restricted stock share and restricted stock unit activity from December 31, 2012 through December 31, 2015:
As of December 31, 2015, there was $13.1 of unrecognized compensation cost related to restricted stock share and restricted stock unit compensation arrangements. We expect this cost to be recognized over a weighted-average period of 2.2 years. Stock Options On January 2, 2015, eligible employees were granted options to purchase a total of 0.323 shares. In connection with the Spin-Off, options to purchase 0.282 shares were terminated as they related to employees who transitioned to SPX FLOW. On October 14, 2015, eligible employees were granted options to purchase a total of 0.883 shares. The fair value of each of the stock option grants during 2015 was estimated using a Black-Scholes option-pricing model, based on the following assumptions:
Annual expected stock price volatility was based on the six-year historical volatility of SPX’s common stock. The annual expected dividend yield for the January 2, 2015 grant was based on the then-expected annual dividend payments for SPX and SPX’s stock price at the date of grant. In connection with the Spin-Off, we discontinued dividend payments immediately following the second quarter dividend payment for 2015 and have no plans to pay a dividend in the foreseeable future. Accordingly, no annual expected dividend yield was included in the fair value estimate of the October 14, 2015 grant. The risk-free interest rate was based on the seven-year treasury constant maturity rate. The expected life of the options was based on a three-year pro-rata vesting schedule and represents the period of time the awards are expected to be outstanding. The following table shows stock option activity from December 31, 2012 through December 31, 2015.
As of December 31, 2015, there was $3.2 of unrecognized compensation cost related to the outstanding stock options. We expect this cost to be recognized over a weighted-average period of 2.7 years. The aggregate intrinsic value (market value of stock less the option exercise price) of options exercised during the year ended December 31, 2013 was $0.4. Accumulated Other Comprehensive Income The changes in the components of accumulated other comprehensive income, net of tax, for the year ended December 31, 2015 were as follows:
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The changes in the components of accumulated other comprehensive income, net of tax, for the year ended December 31, 2014 were as follows:
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The following summarizes amounts reclassified from each component of accumulated comprehensive income for the years ended December 31, 2015 and 2014:
Common Stock in Treasury On February 16, 2012, we entered into a written trading plan under Rule 10b5-1 of the Exchange Act ("Rule 10b5-1"), 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 January 2013, we repurchased 1.514 shares of our common stock for $104.4, which completed the repurchases authorized under this trading plan. In addition, we repurchased 1.864 shares of our common stock on the open market for $144.6 during the year ended December 31, 2013. On December 18, 2013, we entered into a written trading plan under Rule 10b5-1to facilitate the repurchase of up to $500.0 of shares of our common stock on or before December 31, 2014, in accordance with a share repurchase program authorized by our Board of Directors. We repurchased 0.115 shares of our common stock for $11.2 under this trading plan during December 2013. During 2014, we repurchased 4.852 shares of our common stock for $488.8, which completed the repurchases authorized under this trading plan. During the years ended December 31, 2015, 2014 and 2013, "Common stock in treasury" was decreased by the settlement of restricted stock units issued from treasury stock of $7.0, $13.8 and $14.2, respectively, and increased by $1.8, $7.9 and $11.0, respectively, for common stock that was surrendered by recipients of restricted stock as a means of funding the related minimum income tax withholding requirements. Dividends In connection with the Spin-Off, we discontinued dividend payments immediately following the second quarter dividend payment for 2015. Dividends declared totaled $30.9, $63.2 and $45.5 for the years ended December 31, 2015, 2014 and 2013, respectively, while dividends paid during these periods were $45.9, $59.8 and $34.7, respectively. Preferred Stock None of our 3.0 shares of authorized no par value preferred stock was outstanding at December 31, 2015, 2014 or 2013. |
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- Definition The entire disclosure for accounts comprising shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income, and compensation-related costs for equity-based compensation. Includes, but is not limited to, disclosure of policies, compensation plan details, equity-based arrangements to obtain goods and services, deferred compensation arrangements, and employee stock purchase plan details. No definition available.
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Fair Value |
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| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value | 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 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:
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. Except as previously discussed in Note 10, 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, valued using valuation models based on observable market inputs such as forward rates, interest rates, our own credit risk and the credit risk of our counterparties, which comprise investment-grade financial institutions. 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 active. We primarily use the income approach, which uses valuation techniques to convert future amounts to a single present amount. As of December 31, 2015, 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 risks. Assets and liabilities measured at fair value on a recurring basis include the following as of December 31, 2015:
Assets and liabilities measured at fair value on a recurring basis include the following as of December 31, 2014:
Goodwill, Indefinite-Lived Intangible and Other Long-Lived Assets Certain of our non-financial assets 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, 2015, and with the exception of the impairment charges noted below, we did not have any significant non-financial assets or liabilities that are required to be measured at fair value on a recurring or non-recurring basis. During the fourth quarter of 2015, we determined that the fair value of our Balcke Duerr reporting unit was less than the carrying value of its net assets (see Note 8). The fair value of our Balcke Duerr 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 publicly-traded companies that were applied to the historical and projected operating results for the Balcke Duerr reporting unit (unobservable inputs - Level 3). Based on this analysis, we recorded a $13.7 impairment charge related to Balcke Duerr’s goodwill during the fourth quarter of 2015, which represented the entire amount of Balcke Duerr’s goodwill. During 2014, we recorded an impairment charge of $10.9 related to the trademarks of a business within our Power reportable segment. The fair value of the trademarks was 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). In addition, during 2014 we recorded an impairment charge of $18.0 related to our Cooling Power reporting unit's investment in the Shanghai Electric joint venture as we determined that the fair value of the investment was less than its carrying value. The fair value of the investment 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 (unobservable inputs — Level 3). Indebtedness and Other The estimated fair value of our debt instruments (excluding capital leases) as of December 31, 2015 and 2014 approximated the related carrying values of $372.1 and $719.5, respectively, due primarily to the variable market-based interest rates for such instruments. See Note 12 for further details. |
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- 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Quarterly Results (Unaudited) |
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| Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Quarterly Results (Unaudited) | Quarterly Results (Unaudited)
___________________________________________________________________ Note: The sum of the quarters' income per share may not equal the full year per share amounts.
We completed the redemption of all our 7.625% senior notes during the first quarter of 2014. As a result of the redemption, we recorded a pre-tax charge of $32.5 during the quarter. During the first quarter of 2014, we recognized a pre-tax loss of $15.3 related to settlement losses and actuarial losses, which resulted primarily from the lump-sum payment action associated with the U.S. Plan that took place during the quarter (see Note 10 for further details). During the third quarter of 2015, we revised our estimates of expected revenues and profits associated with our large power projects in South Africa. As a result of these revisions, we reduced revenue and pre-tax income from continuing operations by $57.2 and $95.0, respectively. In addition, the revision resulted in an increase to “Net loss attributable to noncontrolling interests” of $23.8. See Notes 5 and 14 for additional details. During the fourth quarter of 2014, we revised our estimates of revenues and profits associated with our large power projects in South Africa. As a result of these revisions, revenues and pre-tax income from continuing operations for the fourth quarter of 2014 were reduced by $25.0. In addition, the revision resulted in an increase to “Net loss attributable to noncontrolling interests” of $6.3. See Note 5 for additional details. During the fourth quarter of 2015 and 2014, we recognized pre-tax actuarial losses of $12.0 and $80.6, respectively, associated with our pension and postretirement benefit plans (see Note 10 for further details). During the fourth quarter of 2015 and 2014, we recognized impairment charges of $13.7 and $28.9, respectively, associated with goodwill and other long-term assets of certain businesses within our Power segment (see Note 8 for further details).
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- 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reconciliation of Previously Reported Amounts Revised and Restated |
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| Reconciliation of Previously Reported Amounts to Amounts Revised and Restated | Reconciliation of Previously Reported Amounts to Amounts Revised and Restated As described in Note 4, we completed the Spin-Off of SPX FLOW on September 26, 2015 and are presenting SPX FLOW as a discontinued operation in the accompanying consolidated financial statements. Furthermore, as described in Note 1, we have identified certain misstatements relating to prior years’ consolidated financial statements and have corrected these prior period misstatements in the accompanying consolidated financial statements. The impacts of these changes on selected financial amounts within the accompanying consolidated financial statements are summarized below:
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- 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary of Significant Accounting Policies (Policies) |
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Dec. 31, 2015 | |
| Accounting Policies [Abstract] | |
| Basis of Presentation | Basis of Presentation The consolidated financial statements include SPX Corporation's ("SPX", "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. |
| Spin- Off of Flow Business and Agreement for Sale of Dry Cooling | Spin-Off of FLOW Business — On September 26, 2015 (the “Distribution Date”), we completed the spin-off to our stockholders (the “Spin-Off”) of all the outstanding shares of SPX FLOW, Inc. (“SPX FLOW”), a wholly-owned subsidiary of SPX prior to the Spin-Off, which at the time of the Spin-Off held the businesses comprising our Flow Technology reportable segment, our Hydraulic Technologies business, and certain of our corporate subsidiaries (collectively, the “FLOW Business”). On the Distribution Date, each of our stockholders of record as of the close of business on September 16, 2015 (the “Record Date”) received one share of common stock of SPX FLOW for every share of SPX common stock held as of the Record Date. SPX FLOW is now an independent public company trading under the symbol “FLOW” on the New York Stock Exchange. Following the Spin-Off, SPX’s common stock continues to be listed on the New York Stock Exchange, but trades under the new ticker symbol, “SPXC”. The financial results of SPX FLOW for the three years ended December 31, 2015 have been classified as discontinued operations within the accompanying consolidated financial statements. Unless otherwise indicated, amounts provided in these Notes pertain to continuing operations only (see Note 4 for information on discontinued operations). Agreement for Sale of Dry Cooling — On November 20, 2015, we entered into an agreement for the sale of our dry cooling business. The sales price is estimated to be $48.0, subject to adjustment for working capital at the closing date. The dry cooling business, which is headquartered in Brussels with facilities in China and the United States, accounts for approximately 10% of the revenues of our Power reportable segment. This business also includes SPX’s ownership interest in its joint venture with Shanghai Electric Group Co., Ltd. ("Shanghai Electric"). The transaction is expected to be finalized during the first half of 2016 and is subject to the receipt of certain regulatory approvals. The transaction does not include SPX’s South African subsidiary, DBT Technologies (Pty) Ltd. The assets and liabilities of the dry cooling business, as of December 31, 2015, have been classified as held for sale within the accompanying consolidated balance sheet. See Note 4 for information on such assets and liabilities. |
| New Segment Reporting Structure | New Segment Reporting Structure — Prior to the Spin-Off, we aggregated certain of our operating segments into two reportable segments, Flow Technology and Thermal Equipment and Services, while our remaining operating segments, which included our Hydraulic Technologies business, were combined within an “All Other” category that we referred to as Industrial Products and Services and Other. As noted above, the Spin-Off included our Flow Technology reportable segment and our Hydraulic Technologies business. In addition, the Spin-Off resulted in a change of our chief operating decision maker (“CODM”). As a result of the Spin-Off, we realigned our segment reporting structure, effective for the quarter ended September 26, 2015. Under the realigned structure, our reportable segments are as follows: HVAC, Detection and Measurement, and Power. The realigned segment reporting structure reflects the manner in which our new CODM is managing our business. In connection with the change in reportable segments, and in accordance with the provisions of Accounting Standards Codification ("ASC") Topic 350, “Intangibles - Goodwill and Other,” we reallocated goodwill among certain of our reporting units based on the respective fair value of such reporting units. See Note 5 for additional information regarding our realigned segment reporting structure and Note 8 regarding the goodwill and intangible assets of our reportable segments. |
| Foreign Currency Translation and Transactions | Foreign Currency Translation and Transactions — 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. |
| 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 recognized on a straight-line basis over the agreement period. Sales with FOB destination terms are primarily to power transformer 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. 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 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. Amounts billed for shipping and handling are included in revenues. Costs incurred for shipping and handling are recorded in cost of products sold. 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. In addition, certain of our businesses, primarily within the Power reportable segment, also 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 recognize revenues for similar short-term contracts using the completed-contract method of accounting. Provisions for any estimated losses 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 or other dispute-resolution processes. In the event we incur litigation or other dispute-resolution costs in connection with claims, such 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 lives 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. |
| 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 years for buildings and range from 3 to 15 years for machinery and equipment. Depreciation expense, including amortization of capital leases, was $34.0, $37.7 and $39.9 for the years ended December 31, 2015, 2014 and 2013, 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. No interest was capitalized during 2015, 2014 or 2013. |
| Pension and Postretirement | Pension and Postretirement — We recognize changes in the fair value of plan assets and actuarial gains and losses in earnings during the fourth quarter of each year, unless earlier remeasurement is required, as a component of net periodic benefit expense and, accordingly, recognize the effects of plan investment performance, interest rate changes, and changes in actuarial assumptions as a component of earnings in the year in which they occur. The remaining components of pension/postretirement expense, primarily service and interest costs and expected return on plan assets, are recorded on a quarterly basis. |
| 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"). 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 accumulated other comprehensive income ("AOCI") 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. Cash flows from hedging activities are included in the same category as the items being hedged, which are primarily operating activities. |
| 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. |
| Inventory | Inventory — We estimate losses for excess and/or obsolete inventory and the net realizable value of inventory based on the aging and historical utilization of the inventory and the evaluation of the likelihood of recovering the inventory costs based on anticipated demand and selling price. |
| Long-Lived Assets and Intangible Assets Subject to Amortization | Long-Lived Assets 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 fully 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. 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 fair 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 reduction 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 2015 and 2014. |
| Accrued Expenses | Accrued Expenses — We make estimates and judgments in establishing accruals as required under GAAP. |
| 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 lives of related assets. We record liabilities 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. |
| Risk Management Matters | Risk Management Matters — We are subject to claims associated with risk management matters (e.g., product liability, predominately associated with alleged exposure to asbestos-containing materials, general liability, automobile, and workers’ compensation claims). The liabilities we record for these claims are based on a number of assumptions, including historical claims and payment experience and, with respect to asbestos claims, actuarial estimates of the future period during which additional claims are reasonably foreseeable. We also have recorded insurance recovery assets associated with the asbestos product liability matters. These assets represent amounts that we believe we are or will be entitled to recover under agreements we have with insurance companies. The assets we record for these insurance recoveries are based on a number of assumptions, including the continued solvency of the insurers, and are subject to a variety of uncertainties. In addition, 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 resolutions occur, these accruals are adjusted, such as in the case of audit settlements with taxing authorities. 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. 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 based on all available evidence, we establish a valuation allowance. |
| Employee Benefit Plans | Employee Benefit Plans — Defined benefit plans cover a portion of our salaried and hourly employees, including certain employees in foreign countries. As discussed in Note 1, we recognize changes in the fair value of plan assets and actuarial gains and losses associated with our pension and postretirement benefit plans in earnings during the fourth quarter of each year, unless earlier remeasurement is required, as a component of net periodic benefit expense. The remaining components of pension/postretirement expense, primarily service and interest costs and expected return on plan assets, are recorded on a quarterly basis. See Note 10 for further discussion of our pension and postretirement benefits. We derive pension expense from an actuarial calculation based on the defined benefit plans' provisions and our assumptions regarding discount rate and rate of increase in compensation levels. We determine the discount rate for our more significant U.S. plans by matching the expected projected benefit obligation cash flows 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. For our other plans, we determine the discount rate based on representative bond indices. 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. |
| New Accounting Pronouncements | New Accounting Pronouncements The following is a summary of new accounting pronouncements that apply or may apply to our business. In March 2013, the Financial Accounting Standards Board ("FASB") issued an amendment to guidance to resolve the diversity in practice relating to a parent entity's accounting for the cumulative translation adjustment ("CTA") upon derecognition of foreign subsidiaries or groups of assets. The amendment requires that any CTA related to the parent entity's investment in a foreign entity be released into earnings when a sale or transfer of the foreign subsidiary or group of assets results in the complete or substantially complete liquidation of the foreign entity. This amendment is effective for interim and annual reporting periods beginning after December 15, 2013, and must be applied prospectively. We adopted this guidance on January 1, 2014, with no material impact on our consolidated financial statements. In July 2013, the FASB issued an amendment to guidance to resolve the diversity in practice in the presentation of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward (collectively, a "carryforward") exists. An unrecognized tax benefit, or portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for the carryforward, except to the extent (i) the carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or (ii) the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose. In these cases, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. This amendment applies to all entities that have unrecognized tax benefits when a carryforward exists at the reporting date. This amendment is effective for interim and annual reporting periods beginning after December 15, 2013 and must be applied prospectively to all unrecognized tax benefits that exist at the effective date, with retrospective application permitted. We adopted this guidance on January 1, 2014, with no material impact on our consolidated financial statements. In April 2014, the FASB issued an amendment to guidance to change the criteria for determining which disposals of components of an entity can be presented as discontinued operations and to modify related disclosure requirements. Under the amended guidance, a discontinued operation is defined as a disposal of a component or group of components that is disposed of or is classified as held for sale and represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. The amendment states that a “strategic shift” could include a disposal of (i) a major geographical area of operations, (ii) a major line of business, (iii) a major equity method investment, or (iv) other major parts of an entity. The standard no longer precludes presentation as a discontinued operation if there are operations and cash flows of the component that have not been eliminated from the reporting entity’s ongoing operations, or there is significant continuing involvement with a component after its disposal. This amendment was effective for interim and annual reporting periods beginning after December 15, 2014 and shall be applied prospectively. We adopted this guidance on January 1, 2015, with the Spin-Off presented in accordance with this amendment. In May 2014, the FASB issued a new standard on revenue recognition that outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The new standard contains a five-step approach that entities will apply to determine the measurement of revenue and timing of when it is recognized, including (i) identifying the contract(s) with a customer, (ii) identifying the separate performance obligations in the contract, (iii) determining the transaction price, (iv) allocating the transaction price to separate performance obligations, and (v) recognizing revenue when (or as) each performance obligation is satisfied. The new standard requires a number of disclosures intended to enable users of financial statements to understand the nature, amount, timing and uncertainty of revenue, and the related cash flows. The disclosures include qualitative and quantitative information about contracts with customers, significant judgments made in applying the revenue guidance, and assets recognized from the costs to obtain or fulfill a contract. The standard is effective for interim and annual reporting periods beginning after December 15, 2017. We currently are evaluating the effect that this new standard will have on our consolidated financial statements. In April 2015, the FASB issued a new standard that requires debt issuance costs related to a recognized debt liability to be reported in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. An amendment to this standard was issued in August 2015 that permits entities to present debt issuance costs related to line-of-credit arrangements as an asset and subsequently amortize such debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. The standard is effective for interim and annual reporting periods beginning after December 15, 2015, and shall be applied retrospectively. We do not expect the adoption of this standard to have a material impact on our consolidated financial statements. In April 2015, the FASB issued an amendment to existing guidance that, among other changes, permits an entity that has a significant event in an interim period that requires a remeasurement of defined benefit plan assets and obligations to remeasure such assets and obligations using the month-end date that is closest to the date of the significant event, rather than the date of the plan event. Under the amended guidance, the month-end remeasurement of defined benefit plan assets and obligations that is closest to the date of the significant event should be adjusted to reflect any effects of the significant event, to the extent those effects are not captured in the month-end measurement. An entity is required to disclose its accounting policy election and the dates used to measure defined benefit plan assets and obligations in accordance with the provisions of this amended guidance. Although earlier application is permitted, the amendment is effective for interim and annual reporting periods beginning after December 15, 2015, and shall be applied prospectively. We early adopted the provisions of this amendment during the third quarter of 2015 in connection with an amendment to certain of our U.S. pension plans during the period. See Note 10 for additional information on the adoption of this amendment and the impact on our consolidated financial statements. In November 2015, the FASB issued an amendment to existing guidance that simplifies the presentation of deferred income taxes. The amended guidance requires that deferred tax assets and liabilities be classified as non-current in a statement of financial position. Although earlier application is permitted, the amendment is effective for interim and annual reporting periods beginning after December 15, 2016, with prospective or retrospective adoption permitted. We early adopted the amendment, on a prospective basis, resulting in the classification of our deferred tax assets and deferred tax liabilities as non-current within the accompanying consolidated balance sheet as of December 31, 2015. The adoption had no impact on the amounts within the accompanying consolidated balance sheet as of December 31, 2014. |
| Environmental Matters | |
| 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, financial condition, and results of operations or cash flows. As of December 31, 2015, we had liabilities for site investigation and/or remediation at 35 sites (42 sites at December 31, 2014) 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 revise an estimate once it becomes probable and the amount of change 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. |
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- Definition Disclosure of accounting policy for goodwill and indefinite-lived intangible assets. This accounting policy also may address how an entity assesses and measures impairment of goodwill and intangible assets. No definition available.
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- Definition Disclosure of accounting policy for long-lived assets and intangible assets subject to amortization. No definition available.
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| X | ||||||||||
- Definition Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements. No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). No definition available.
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| X | ||||||||||
- Definition Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Disclosure of accounting policy for salaries, bonuses, incentive awards, postretirement and postemployment benefits granted to employees, including equity-based arrangements; discloses methodologies for measurement, and the bases for recognizing related assets and liabilities and recognizing and reporting compensation expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Disclosure of accounting policy for its derivative instruments and hedging activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Disclosure of accounting policy for any discontinued operations. The results of operations of a component of an entity that either has been disposed of or is classified as held for sale is reported in discontinued operations if both: (a) the operations and cash flows of the component have been (or will be) eliminated from the ongoing operations of the entity as a result of the disposal transaction and (b) the entity will not have any significant continuing involvement in the operations of the component after the disposal transaction. If the entity elects to allocate interest expense to a discontinued operation, it may disclose its accounting policy for this election and describe its method of allocation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Disclosure of accounting policy for obligations that resulted from improper or other-than normal operation of a long-lived asset in the past. This accounting policy may address (1) whether the related remediation costs are expensed or capitalized, (2) whether the obligation is measured on a discounted basis, (3) the event, situation, or set of circumstances that generally triggers recognition of loss contingencies arising from the entity's environmental remediation-related obligations, and (4) the timing of recognition of any recoveries. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Disclosure of accounting policy for (1) transactions denominated in a currency other than the reporting enterprise's functional currency, (2) translating foreign currency financial statements that are incorporated into the financial statements of the reporting enterprise by consolidation, combination, or the equity method of accounting, and (3) remeasurement of the financial statements of a foreign reporting enterprise in a hyperinflationary economy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Disclosure of accounting policy for major classes of inventories, bases of stating inventories (for example, lower of cost or market), methods by which amounts are added and removed from inventory classes (for example, FIFO, LIFO, or average cost), loss recognition on impairment of inventories, and situations in which inventories are stated above cost. If inventory is carried at cost, this disclosure includes the nature of the cost elements included in inventory. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Disclosure of accounting policy for legal costs incurred to protect or defend the entity's assets and rights, or to obtain assets, including monetary damages, or to obtain rights. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact. No definition available.
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- Definition Disclosure of accounting policy for pension and other postretirement benefit plans. This accounting policy may address (1) the types of plans sponsored by the entity, and the benefits provided by each plan (2) groups that participate in (or are covered by) each plan (3) how plan assets, liabilities and expenses are measured, including the use of any actuaries and (4) significant assumptions used by the entity to value plan assets and liabilities and how such assumptions are derived. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Disclosure of accounting policy for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, basis of assets, depreciation and depletion methods used, including composite deprecation, estimated useful lives, capitalization policy, accounting treatment for costs incurred for repairs and maintenance, capitalized interest and the method it is calculated, disposals and impairments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Disclosure of accounting policy for costs it has incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Disclosure of accounting policy for segment reporting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Disclosure of accounting policy for self-insurance reserves, including, but not limited to incurred but not reported reserves (IBNR). No definition available.
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| X | ||||||||||
- Definition Disclosure of accounting policy for standard warranties including the methodology for measuring the liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Disclosure of accounting policy for trade and other accounts receivables. This disclosure may include the basis at which such receivables are carried in the entity's statements of financial position (for example, net realizable value), how the entity determines the level of its allowance for doubtful accounts, when impairments, charge-offs or recoveries are recognized, and the entity's income recognition policies for such receivables, including its treatment of related fees and costs, its treatment of premiums, discounts or unearned income, when accrual of interest is discontinued, how the entity records payments received on nonaccrual receivables and its policy for resuming accrual of interest on such receivables. If the enterprise holds a large number of similar loans, disclosure may include the accounting policy for the anticipation of prepayments and significant assumptions underlying prepayment estimates for amortization of premiums, discounts, and nonrefundable fees and costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary of Significant Accounting Policies (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2015 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of costs and estimated earnings on uncompleted contracts | Costs and estimated earnings on uncompleted contracts, from their inception, and related amounts billed as of December 31, 2015 and 2014 were as follows:
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| Schedule of net costs and estimated earnings in excess of billings | These amounts are included in the accompanying consolidated balance sheets at December 31, 2015 and 2014 as shown below. Amounts for billed retainages and receivables to be collected in excess of one year are not significant for the periods presented.
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- Definition Tabular disclosure of costs and estimated earnings on uncompleted contracts, from their inception, and related amounts billed. No definition available.
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- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure for billings on uncompleted contracts in excess of costs and costs of uncompleted contracts in excess of billings. No definition available.
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Use of Estimates (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2015 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of activity for accounts receivable allowance accounts | Summarized below is the activity for these allowance accounts.
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| Schedule of accrued expenses | Summarized in the table below are the components of accrued expenses at December 31, 2015 and 2014.
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| Schedule of product warranty accrual | The following is an analysis of our product warranty accrual for the periods presented:
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- Definition Tabular disclosure of the product revenues allowances and reserve accounts (their beginning and ending balances, as well as reconciliation by type of activity during the period). No definition available.
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- References No definition available.
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- Definition Tabular disclosure of the components of accrued liabilities. No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Discontinued Operations and Assets and Liabilities Held for Sale (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2015 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Discontinued Operations and Disposal Groups [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of income (loss) from discontinued operations and related income taxes | Major classes of line items constituting pre-tax income and after-tax income of SPX FLOW for the years ended December 31, 2015 (1), 2014 and 2013 are shown below:
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| Schedule of major classes of assets and liabilities, excluding intercompany balances, of businesses reported as discontinued operations | For the years ended December 31, 2015, 2014 and 2013, selected information regarding the results of operations of our businesses included in discontinued operations, other than SPX FLOW, was as follows:
For the years ended December 31, 2015, 2014 and 2013, results of operations from our businesses reported as discontinued operations were as follows:
The assets and liabilities of SPX FLOW have been reclassified to assets and liabilities of discontinued operations as of December 31, 2014. The components of SPX FLOW’s assets and liabilities as of December 31, 2014 are shown below:
The following table presents selected financial information regarding cash flows of SPX FLOW that are included within discontinued operations in the consolidated statements of cash flows:
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| Schedule of major classes of assets and liabilities held for sale | The major classes of assets and liabilities held for sale as of December 31, 2015 are shown below:
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| X | ||||||||||
- Definition Disposal Groups, Including Discontinued Operations [Table Text Block] No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of the income (loss) from discontinued operations and the related income taxes. No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Information on Reportable Segments (Tables) |
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Dec. 31, 2015 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of reportable segments and other operating segments, including the results of acquisitions from the respective dates of acquisition | Financial data for our reportable segments for the years ended December 31, 2015, 2014 and 2013 were as follows:
___________________________________________________________________
As of December 31, 2015, certain of these projects had cumulative losses. During the years ended December 31, 2015 and 2014, we recorded losses of approximately $105.0 and 9.2, respectively, related to these projects. There were no losses recorded on these projects during the year ended December 31, 2013.
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| X | ||||||||||
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
Special Charges, Net (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2015 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of special charges by expense type | Special charges for the years ended December 31, 2015, 2014 and 2013 are described in more detail below and in the applicable sections that follow:
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| Schedule of special charges | 2013 Charges:
2015 Charges:
2014 Charges:
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| Schedule of the analysis of the entity's restructuring liabilities | The following is an analysis of our restructuring liabilities for the years ended December 31, 2015, 2014 and 2013:
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| X | ||||||||||
- Definition Tabular disclosure of the restructuring, impairment and other related charges by reporting segment of the entity. No definition available.
|
| X | ||||||||||
- Definition Tabular disclosure to roll forward the entity's restructuring and integration reserves associated with the exit from or disposal of business activities or restructuring for the period. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Inventories, Net (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2015 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Inventory Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of inventories | Inventories at December 31, 2015 and 2014 comprised the following:
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Goodwill and Other Intangible Assets (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2015 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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, for the year ended December 31, 2015, were as follows:
The changes in the carrying amount of goodwill, by reportable segment, for the year ended December 31, 2014, were as follows:
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| Schedule of identifiable intangible assets | Identifiable intangible assets were as follows:
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| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Investments in Joint Ventures (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2015 | |||||||||||||||||||||||||||||||||||||||||||||
| Equity Method Investments and Joint Ventures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||
| Schedule of results of operations and selected other information of joint venture investment | EGS's results of operations and selected other information for its fiscal year ended September 30, 2013 were as follows:
|
||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Employee Benefit Plans (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2015 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension plans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Employee Benefit Plans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of the fair value of plan assets by asset class | The fair values of pension plan assets at December 31, 2015, by asset class, were as follows:
The fair values of pension plan assets at December 31, 2014, by asset class, were as follows:
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| Schedule of changes in the fair value of Level 3 assets | The following table summarizes changes in the fair value of Level 3 assets for the years ended December 31, 2015 and 2014:
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| Schedule of estimated minimum benefit payments | Following is a summary, as of December 31, 2015, of the estimated future benefit payments for our pension plans in each of the next five fiscal years and in the aggregate for five fiscal years thereafter. Benefit payments are paid from plan assets or directly by us for our non-funded plans. The expected benefit payments are estimated based on the same assumptions used at December 31, 2015 to measure our obligations and include benefits attributable to estimated future employee service.
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| Schedule of funded status of the pension plans and amounts recognized in consolidated balance sheets | The following tables show the domestic and foreign pension plans' funded status and amounts recognized in our consolidated balance sheets:
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| Schedule of accumulated benefit obligations in excess of the fair value of plan assets | 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, 2015 and 2014:
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| Schedule of actuarial assumptions used in accounting for pension plans | Actuarial assumptions used in accounting for our domestic and foreign pension plans were as follows:
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| 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 asset allocation percentages of each class of our domestic and foreign pension plan assets as of December 31, 2015 and 2014, 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
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| Schedule of net periodic benefit (income) expense | Net periodic pension benefit expense (income) for our domestic and foreign pension plans included the following components: Domestic Pension Plans
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| 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 | Foreign Pension Plans
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| Schedule of net periodic benefit (income) expense | Foreign Pension Plans
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| Postretirement Plans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Employee Benefit Plans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of funded status of the pension plans and amounts recognized in consolidated balance sheets | The following tables show the postretirement plans' funded status and amounts recognized in our consolidated balance sheets:
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| Schedule of net periodic benefit (income) expense | The net periodic postretirement benefit expense (income) included the following components:
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| Schedule of estimated future benefit payments and expected federal subsidies | Following is a summary, as of December 31, 2015, 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, 2015 to measure our obligations and include benefits attributable to estimated future employee service.
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| Schedule of actuarial assumptions used in accounting for plans | Actuarial assumptions used in accounting for our domestic postretirement plans were as follows:
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| X | ||||||||||
- Definition Tabular disclosure of the actual and targeted allocation of defined benefit plan assets. No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of benefits expected to be paid by other employee benefit plans and of the amount of prescription drug subsidy receipts expected in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of net funded status, amounts that are recognized in the balance sheet and accumulated other comprehensive loss before tax of pension plans and/or other employee benefit plans. No definition available.
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| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of accumulated benefit obligations and fair values of plan assets of pension plans and/or other employee benefit plans where the accumulated benefit obligation exceeds the fair value of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Tabular disclosure of the effect of fair value measurements using significant unobservable inputs (Level 3) on changes in plan assets of pension plans and/or other employee benefit plans for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Tabular disclosure of the assumed health care cost trend rates for the next year used to measure the expected cost of benefits covered by the plans, including the ultimate trend rate(s) and when that rate is expected to be achieved. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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Income Taxes (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2015 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of income (loss) from continuing operations before income taxes and (provision for) benefit from income taxes | Income (loss) from continuing operations before income taxes and the (provision for) benefit from income taxes consisted of the following:
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| Schedule of reconciliation of income tax computed at the U.S. federal statutory tax rate to the effective income tax rate | The reconciliation of income tax computed at the U.S. federal statutory tax rate to our effective income tax rate was as follows:
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| Schedule of significant components of deferred tax assets and liabilities | Significant components of our deferred tax assets and liabilities were as follows:
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| Schedule of changes in the balance of unrecognized tax benefits | The aggregate changes in the balance of unrecognized tax benefits for the years ended December 31, 2015, 2014 and 2013 were as follows:
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| X | ||||||||||
- Definition Tabular disclosure of income from continuing operations before income tax between domestic and foreign jurisdictions and the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment of the related deferred tax asset in future years. No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Indebtedness (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2015 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of debt activity (both current and non-current) | The following summarizes our debt activity (both current and non-current) for the year ended December 31, 2015:
_____________________________________________________________
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| Schedule of per annum fees charged and the interest rate margins applicable to Eurodollar and alternate base rate loans | The per annum fees charged and the interest rate margins applicable to Eurodollar and alternate base rate loans are as follows:
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Financial Instruments (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2015 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivative financial instruments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of the gross and net asset fair values of contracts by counterparty | The following summarizes the gross and net fair values of our FX forward and commodity contracts by counterparty at December 31, 2015 and 2014:
___________________________________________________________________
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| Summary of the gross and net liability fair values of contracts by counterparty | The following summarizes the gross and net fair values of our FX forward and commodity contracts by counterparty at December 31, 2015 and 2014:
___________________________________________________________________
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| Summary of pre-tax gain (loss) recognized in AOCI resulting from derivative financial instruments designated as cash flow hedging relationships | The following summarizes the pre-tax gain (loss) recognized in AOCI resulting from derivative financial instruments designated as cash flow hedging relationships for the years ended December 31, 2015, 2014 and 2013:
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| Summary of pre-tax loss related to derivative financial instruments designated as cash flow hedging relationships reclassified from AOCI to income | The following summarizes the pre-tax gain (loss) related to derivative financial instruments designated as cash flow hedging relationships reclassified from AOCI to income through "Revenues" for FX forward contracts and "Cost of products sold" for commodity contracts for the years ended December 31, 2015, 2014 and 2013:
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| Schedule of gain (loss) recognized in ''Other income (expense), net'' of derivative financial instruments not designated as cash flow hedging relationships | The following summarizes the gain (loss) recognized in "Other income (expense), net" for the years ended December 31, 2015, 2014 and 2013 related to derivative financial instruments not designated as cash flow hedging relationships:
|
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| FX forward contracts | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivative financial instruments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of fair value of derivative instruments and the balance sheet classification | Amounts presented in our consolidated balance sheets were as follows:
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| FX embedded derivatives | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivative financial instruments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of fair value of derivative instruments and the balance sheet classification | The following summarizes the fair value of our FX embedded derivative instruments, which are not designated as hedging instruments, and the related balance sheet classification as of December 31, 2015 and 2014:
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| X | ||||||||||
- Definition Tabular disclosure of amount recognized in accumulated other comprehensive income (loss) before tax, resulting from derivative financial instruments designated as cash flow hedges. No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of amount related to derivative financial instruments designated as cash flow hedges before tax, reclassified from accumulated other comprehensive income (loss) into earnings. No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of derivative and other financial assets that are subject to offsetting, including master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Tabular disclosure of derivative and other financial liabilities that are subject to offsetting, including master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Tabular disclosure for other derivative instruments not designated as hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
|
Commitments, Contingent Liabilities and Other Matters (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2015 | |||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||
| Schedule of future minimum rental payments under operating leases with remaining non-cancelable terms in excess of one year | The future minimum rental payments under operating leases with remaining non-cancelable terms in excess of one year are:
|
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| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Shareholders' Equity and Stock-Based Compensation (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2015 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SHAREHOLDERS' EQUITY AND STOCK-BASED COMPENSATION | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Computations of the components used for the calculation of basic and diluted income per share | The following table sets forth the computations of the components used for the calculation of basic and diluted income (loss) per share:
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| Summary of common shares issued, treasury shares and shares outstanding | Common shares issued, treasury shares and shares outstanding are summarized in the table below.
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| Schedule of assumptions to determine the fair value of restricted stock awards granted | We used the following assumptions in determining the fair value of the awards granted on the dates indicated below:
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| Schedule of restricted stock share and restricted stock unit activity | The following table summarizes the restricted stock share and restricted stock unit activity from December 31, 2012 through December 31, 2015:
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| Schedule of assumptions used to estimate fair value of stock option grants | The fair value of each of the stock option grants during 2015 was estimated using a Black-Scholes option-pricing model, based on the following assumptions:
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| Schedule of stock option activity | The following table shows stock option activity from December 31, 2012 through December 31, 2015.
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| Schedule of changes in the components of accumulated other comprehensive income | The changes in the components of accumulated other comprehensive income, net of tax, for the year ended December 31, 2015 were as follows:
___________________________________________________________________
The changes in the components of accumulated other comprehensive income, net of tax, for the year ended December 31, 2014 were as follows:
___________________________________________________________________
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| Schedule of amounts reclassified from each component of accumulated comprehensive income (loss) | The following summarizes amounts reclassified from each component of accumulated comprehensive income for the years ended December 31, 2015 and 2014:
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of restricted stock activity, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected annual volatility of the entity's shares, (c) expected annual dividend yields, (d) risk-free interest rate(s), and (e) correlation between total shareholder return for SPX and S&P 500 composite index and the S&P Composite 1500 Industrial Index. No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2015 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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, 2015:
Assets and liabilities measured at fair value on a recurring basis include the following as of December 31, 2014:
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Quarterly Results (Unaudited) (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2015 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of quarterly results |
___________________________________________________________________ Note: The sum of the quarters' income per share may not equal the full year per share amounts.
We completed the redemption of all our 7.625% senior notes during the first quarter of 2014. As a result of the redemption, we recorded a pre-tax charge of $32.5 during the quarter. During the first quarter of 2014, we recognized a pre-tax loss of $15.3 related to settlement losses and actuarial losses, which resulted primarily from the lump-sum payment action associated with the U.S. Plan that took place during the quarter (see Note 10 for further details). During the third quarter of 2015, we revised our estimates of expected revenues and profits associated with our large power projects in South Africa. As a result of these revisions, we reduced revenue and pre-tax income from continuing operations by $57.2 and $95.0, respectively. In addition, the revision resulted in an increase to “Net loss attributable to noncontrolling interests” of $23.8. See Notes 5 and 14 for additional details. During the fourth quarter of 2014, we revised our estimates of revenues and profits associated with our large power projects in South Africa. As a result of these revisions, revenues and pre-tax income from continuing operations for the fourth quarter of 2014 were reduced by $25.0. In addition, the revision resulted in an increase to “Net loss attributable to noncontrolling interests” of $6.3. See Note 5 for additional details. During the fourth quarter of 2015 and 2014, we recognized pre-tax actuarial losses of $12.0 and $80.6, respectively, associated with our pension and postretirement benefit plans (see Note 10 for further details). During the fourth quarter of 2015 and 2014, we recognized impairment charges of $13.7 and $28.9, respectively, associated with goodwill and other long-term assets of certain businesses within our Power segment (see Note 8 for further details).
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Reconciliation of Previously Reported Amounts Revised and Restated (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Accounting Changes and Error Corrections [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Quantifying Prior Year Misstatements Corrected in Current Year Financial Statements | The impacts of these changes on selected financial amounts within the accompanying consolidated financial statements are summarized below:
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Tabular disclosure of the nature and amount of prior period errors that had previously been considered immaterial and which are being corrected in the current fiscal year. This disclosure would also generally include when and how each error being corrected arose and assert that the errors were immaterial to the prior amounts reported. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary of Significant Accounting Policies (Detail) $ / shares in Units, $ in Millions |
1 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Dec. 31, 2015
USD ($)
|
Dec. 31, 2015
USD ($)
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Sep. 26, 2015
USD ($)
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Jun. 27, 2015
USD ($)
|
[3],[4] |
Mar. 28, 2015
USD ($)
|
[3],[4],[5] |
Dec. 31, 2014
USD ($)
|
Sep. 27, 2014
USD ($)
|
Jun. 28, 2014
USD ($)
|
Mar. 29, 2014
USD ($)
|
Sep. 26, 2015
USD ($)
segment
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Sep. 16, 2015
segment
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Dec. 31, 2015
USD ($)
business_unit
|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2013
USD ($)
|
Dec. 31, 2012
USD ($)
|
Dec. 31, 2011
USD ($)
|
Dec. 31, 2010
USD ($)
|
May. 14, 2015
$ / shares
|
May. 13, 2015
$ / shares
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||||||||||||||||||||||||||||||
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Number of reportable segments | segment | 3 | 2 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Quantifying Misstatement in Current Year Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Capitalized software development costs that should have been expensed when incurred | $ 30.4 | $ 32.2 | $ 32.0 | |||||||||||||||||||||||||||||||||||||||||||||||
| Pre-tax income (loss) from continuing operations | (203.0) | 255.8 | (10.5) | |||||||||||||||||||||||||||||||||||||||||||||||
| Deferred tax liability adjustment | $ 154.4 | $ 154.4 | $ 566.1 | [1] | 154.4 | 566.1 | [1] | |||||||||||||||||||||||||||||||||||||||||||
| Income tax expense understated (overstated) | (11.8) | 139.7 | (20.0) | |||||||||||||||||||||||||||||||||||||||||||||||
| Reduction in retained earnings | (897.8) | (897.8) | (2,628.6) | [2] | (897.8) | (2,628.6) | [2] | |||||||||||||||||||||||||||||||||||||||||||
| Total SPX Corporation shareholders' equity | (345.4) | (345.4) | (1,808.7) | (345.4) | (1,808.7) | |||||||||||||||||||||||||||||||||||||||||||||
| Total equity | (308.3) | (308.3) | (1,811.9) | (308.3) | (1,811.9) | (2,167.3) | $ (2,231.1) | |||||||||||||||||||||||||||||||||||||||||||
| Income (loss) from continuing operations | 7.6 | [3],[4],[5] | $ 130.7 | [3],[4] | $ 11.9 | $ 41.0 | 101.4 | [3],[4],[5] | $ 12.2 | [3],[4] | $ 19.2 | [3],[4] | $ (248.9) | [3],[4],[5] | 191.2 | (116.1) | [2] | (9.5) | [2] | |||||||||||||||||||||||||||||||
| Reduction in par value of shares of common stock (in dollars per share) | $ / shares | $ 0.01 | $ 10.00 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign Currency Translation and Transactions | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign currency transaction net losses | $ (9.4) | (4.5) | (9.8) | |||||||||||||||||||||||||||||||||||||||||||||||
| Revenue Recognition | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Number of business units in which sales incentive programs are significant | business_unit | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Revenues recognized under percentage of completion method | $ 485.3 | 633.3 | 731.0 | |||||||||||||||||||||||||||||||||||||||||||||||
| Costs and estimated earnings on uncompleted contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Costs incurred on uncompleted contracts | 1,338.4 | 1,338.4 | 1,326.4 | 1,338.4 | 1,326.4 | |||||||||||||||||||||||||||||||||||||||||||||
| Estimated earnings to date | 66.4 | 66.4 | 167.2 | 66.4 | 167.2 | |||||||||||||||||||||||||||||||||||||||||||||
| Aggregate costs incurred on uncompleted contracts and estimated earnings to date | 1,404.8 | 1,404.8 | 1,493.6 | 1,404.8 | 1,493.6 | |||||||||||||||||||||||||||||||||||||||||||||
| Less: Billings to date | (1,414.8) | (1,414.8) | (1,493.9) | (1,414.8) | (1,493.9) | |||||||||||||||||||||||||||||||||||||||||||||
| Billings in excess of costs and estimated earnings | (10.0) | (10.0) | (0.3) | (10.0) | (0.3) | |||||||||||||||||||||||||||||||||||||||||||||
| Billings in excess of costs and estimated earnings | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Costs and estimated earnings in excess of billings | [6] | 106.3 | 106.3 | 95.5 | 106.3 | 95.5 | ||||||||||||||||||||||||||||||||||||||||||||
| Billings in excess of costs and estimated earnings on uncompleted contracts | [7] | (116.3) | (116.3) | (95.8) | (116.3) | (95.8) | ||||||||||||||||||||||||||||||||||||||||||||
| Net billings in excess of costs and estimated earnings | (10.0) | (10.0) | (0.3) | (10.0) | (0.3) | |||||||||||||||||||||||||||||||||||||||||||||
| Research and Development Costs | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Capitalized software, net of amortization | $ 9.9 | $ 9.9 | 4.1 | 9.9 | 4.1 | |||||||||||||||||||||||||||||||||||||||||||||
| Capitalized software amortization expense | 0.2 | 0.5 | 0.6 | |||||||||||||||||||||||||||||||||||||||||||||||
| Research and development expense | 30.4 | 32.2 | 32.0 | |||||||||||||||||||||||||||||||||||||||||||||||
| Property, plant and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Depreciation expense, including amortization of capital leases | 34.0 | 37.7 | 39.9 | |||||||||||||||||||||||||||||||||||||||||||||||
| Interest capitalized | $ 0.0 | 0.0 | 0.0 | |||||||||||||||||||||||||||||||||||||||||||||||
| Minimum | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, plant and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Period for receivables to be collected which are not significant | 1 year | |||||||||||||||||||||||||||||||||||||||||||||||||
| Adjustment for Impairment Charge to Trademarks | Trademarks | Power segment | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Quantifying Misstatement in Current Year Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Impairment charge | 10.9 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Previously Unrecorded Income Tax Liabilities Associated with Intercompany Loans | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Quantifying Misstatement in Current Year Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred tax liability adjustment | 4.3 | $ 4.3 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Income tax expense understated (overstated) | 2.4 | (1.2) | $ 3.1 | |||||||||||||||||||||||||||||||||||||||||||||||
| Restatement Adjustment | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Quantifying Misstatement in Current Year Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Reduction in retained earnings | [8] | 9.2 | 9.2 | |||||||||||||||||||||||||||||||||||||||||||||||
| Income (loss) from continuing operations | 1.6 | $ 0.2 | $ 0.2 | $ 2.5 | 4.5 | [9] | 0.3 | [9] | ||||||||||||||||||||||||||||||||||||||||||
| Restatement Adjustment | Adjustment for Previously Capitalized Software that should have been Expensed due to Lack of Technological Feasibility | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Quantifying Misstatement in Current Year Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Capitalized software development costs that should have been expensed when incurred | 5.4 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Research and Development Costs | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Research and development expense | $ 5.4 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Restatement Adjustment | Adjustment for Impairment Charge to Trademarks | Trademarks | Power segment | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Quantifying Misstatement in Current Year Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Impairment charge | 2.5 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Reduction in retained earnings | 2.5 | 2.5 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Restatement Adjustment | Capitalization of Development Costs and Understatement of Impairment Charge | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Quantifying Misstatement in Current Year Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Pre-tax income (loss) from continuing operations | 3.4 | 2.4 | 1.2 | $ 0.5 | $ 0.4 | |||||||||||||||||||||||||||||||||||||||||||||
| Restatement Adjustment | Previously Unrecorded Income Tax Liabilities Associated with Intercompany Loans | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Quantifying Misstatement in Current Year Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Reduction in retained earnings | 4.4 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total SPX Corporation shareholders' equity | 4.4 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Total equity | $ 4.4 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Income (loss) from continuing operations | 4.5 | 0.3 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Previously Reported | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Quantifying Misstatement in Current Year Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Reduction in retained earnings | [10] | (2,637.8) | (2,637.8) | |||||||||||||||||||||||||||||||||||||||||||||||
| Income (loss) from continuing operations | $ (380.1) | [10] | $ (211.3) | [2] | ||||||||||||||||||||||||||||||||||||||||||||||
| Previously Reported | Adjustment for Impairment Charge to Trademarks | Trademarks | Power segment | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Quantifying Misstatement in Current Year Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Impairment charge | 8.4 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Actual | Adjustment for Impairment Charge to Trademarks | Trademarks | Power segment | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Quantifying Misstatement in Current Year Financial Statements [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Impairment charge | $ 10.9 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Buildings | Maximum | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, plant and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Useful lives of property, plant and equipment (in years) | 40 years | |||||||||||||||||||||||||||||||||||||||||||||||||
| Machinery and equipment | Minimum | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, plant and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Useful lives of property, plant and equipment (in years) | 3 years | |||||||||||||||||||||||||||||||||||||||||||||||||
| Machinery and equipment | Maximum | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Property, plant and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Useful lives of property, plant and equipment (in years) | 15 years | |||||||||||||||||||||||||||||||||||||||||||||||||
| SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Pro rata distribution ratio of common stock received by shareholders as of record date | 1 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Dry Cooling Business | Disposal Group, Held-for-sale | Reportable and other operating segments | Power segment | Sales Revenue, Net | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Percentage of revenues | 10.00% | |||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
- Definition Represents the aggregate of costs incurred and estimated earnings to date on uncompleted contracts accounted for under the percentage-of-completion method. No definition available.
|
| X | ||||||||||
- Definition Represents billings to date on uncompleted contracts accounted for under the percentage-of-completion method. No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Represents the costs incurred on uncompleted contracts accounted for under the percentage of completion method. No definition available.
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| X | ||||||||||
- Definition Represents the amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes expense charged against earnings for the periodic recognition of capitalized leases. No definition available.
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| X | ||||||||||
- Definition Represents the estimated earnings to date on uncompleted contracts accounted for under the percentage-of-completion method. No definition available.
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| X | ||||||||||
- Definition Represents the net costs and estimated earnings on contracts in excess of billings on uncompleted contracts accounted for under the percent definition of completion method, after considering the contracts assumed in the Clyde Union acquisition. No definition available.
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- Definition Represents the net billings in excess of costs and estimated earnings on contracts accounted for under the percentage-of-completion method. No definition available.
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- Definition Represents the number of business units in which sales incentive programs are significant. No definition available.
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- Definition Represents the period beyond which the receivables to be collected related to contracts accounted for under the percentage of completion method, are not significant. No definition available.
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- Definition Represents the revenue recognized during the period using the percentage-of-completion method. No definition available.
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- Definition Stockholders' Equity Note, Spinoff Transaction, Distribution of Common Shares, Ratio No definition available.
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- Definition Liability attributable to (i) billings in excess of costs under the percentage of completion contract accounting method representing the difference between contractually invoiced amounts (billings) and revenue recognized based, for example, on costs incurred to estimated total costs at period end or (ii) contractually invoiced amounts (billings) in excess of costs incurred and accumulated under the completed contract accounting method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition For each income statement presented, the amount charged to expense for amortization of capitalized computer software costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The carrying amount of capitalized computer software costs net of accumulated amortization as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of receivable reflecting the cost incurred on uncompleted contracts in excess of related billings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of deferred tax liability attributable to taxable temporary differences. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of impairment loss resulting from write-down of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of interest capitalized, including amount of allowance for funds used during construction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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| X | ||||||||||
- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary of Significant Accounting Policies (Details 2) $ in Millions |
Jun. 30, 2016
USD ($)
|
|---|---|
| Dry Cooling Business | Disposal Group, Held-for-sale | Scenario, Forecast | |
| Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | |
| Sales price of Dry cooling business | $ 48.0 |
| X | ||||||||||
- Definition Amount of consideration received or receivable for the disposal of assets and liabilities, including discontinued operation. No definition available.
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| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Use of Estimates (Details) - USD ($) $ in Millions |
12 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
||||||||
| Accrued Expenses | ||||||||||
| Employee benefits | $ 83.8 | $ 96.2 | ||||||||
| Unearned revenue | [1] | 193.3 | 170.9 | |||||||
| Warranty | 20.3 | 20.8 | $ 22.2 | |||||||
| Other | [2] | 131.6 | 152.3 | |||||||
| Total | 403.7 | 440.2 | ||||||||
| Analysis of product warranty accrual | ||||||||||
| Balance at beginning of year | 37.5 | 34.7 | 36.8 | |||||||
| Provisions | 18.8 | 21.4 | 17.8 | |||||||
| Usage | (16.1) | (17.8) | (20.1) | |||||||
| Currency translation adjustment | (0.6) | (0.8) | 0.2 | |||||||
| Balance at end of year | 39.6 | 37.5 | 34.7 | |||||||
| Less: Current portion of warranty | 20.3 | 20.8 | 22.2 | |||||||
| Non-current portion of warranty | 19.3 | 16.7 | 12.5 | |||||||
| Allowance for Doubtful Accounts | ||||||||||
| Allowance for Doubtful Accounts Receivable [Roll Forward] | ||||||||||
| Balance at beginning of year | 14.8 | 24.7 | 26.9 | |||||||
| Allowances provided | 14.1 | 16.2 | 19.4 | |||||||
| Write-offs, net of recoveries, credits issued and other | (18.7) | (26.1) | (21.6) | |||||||
| Balance at end of year | 10.2 | 14.8 | $ 24.7 | |||||||
| Liabilities from Continuing Operations and Disposal Group, Held-for-sale, Not Discontinued Operations | ||||||||||
| Accrued Expenses | ||||||||||
| Total | [3] | 429.0 | $ 440.2 | |||||||
| Disposal Group, Held-for-sale | Dry Cooling Business | Liabilities Held For Sale Current | ||||||||||
| Accrued Expenses | ||||||||||
| Total | $ 25.3 | |||||||||
| ||||||||||
| X | ||||||||||
- Definition Represents cash or payments received from a customer in advance of services that have not yet been performed. Examples of unearned revenue include billings received 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. No definition available.
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| X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations, excluding pension and other postretirement benefits, incurred through that date and payable for perquisites provided to employees pertaining to services received from them. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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| X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations incurred through that date and payable arising from transactions not otherwise specified in the taxonomy. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations incurred through that date and payable for estimated claims under standard and extended warranty protection rights granted to customers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations incurred through that date and payable for estimated claims under standard and extended warranty protection rights granted to customers. For classified balance sheets, represents the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Total Increase or Decrease in the standard and extended product warranty liability due to currency translation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Carrying value as of the balance sheet date of obligations incurred through that date and due after one year (or beyond the operating cycle if longer) for estimated claims under standard and extended warranty protection rights granted to customers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Represents the aggregate decrease in the liability related to payments to satisfy claims for standard and extended product warranties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Represents the aggregate increase in the liability for accruals related to standard and extended product warranties issued during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total of allowances and reserves, the valuation and qualifying accounts that are either netted against the cost of an asset (in order to value it at its carrying value) or that reflect a liability established to represent expected future costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total of allowances and reserves, the valuation and qualifying accounts that are either netted against the cost of an asset (in order to value it at its carrying value) or that reflect a liability established to represent expected future costs, charged to costs and expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Total of the deductions in a given period to allowances and reserves, the valuation and qualifying accounts that are either netted against the cost of an asset (in order to value it at its carrying value) or that reflect a liability established to represent expected future costs, representing receivables written off as uncollectible and portions of the reserves utilized, respectively. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Discontinued Operations and Assets and Liabilities Held for Sale (Details) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 26, 2015 |
Dec. 31, 2015 |
Sep. 26, 2015 |
Jun. 27, 2015 |
[2] | Mar. 28, 2015 |
[2],[3] | Dec. 31, 2014 |
Sep. 27, 2014 |
[2] | Jun. 28, 2014 |
[2] | Mar. 29, 2014 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
|||||||||||||||||||||||||
| Income from discontinued operations and related income taxes | ||||||||||||||||||||||||||||||||||||||||
| Income from discontinued operations | $ 113.8 | [1] | $ 357.1 | $ 283.3 | ||||||||||||||||||||||||||||||||||||
| Income tax provision | (39.6) | [1] | (89.3) | (80.5) | ||||||||||||||||||||||||||||||||||||
| Income from discontinued operations, net of tax | $ (5.1) | [2],[3] | $ 0.1 | [2] | $ 48.2 | $ 31.0 | $ 56.6 | [2],[3] | $ 75.8 | $ 69.0 | $ 66.4 | [2],[3] | 74.2 | [1] | 267.8 | [4] | 202.8 | [4] | ||||||||||||||||||||||
| Less: Net income (loss) attributable to noncontrolling interest | (0.9) | 2.2 | 1.7 | |||||||||||||||||||||||||||||||||||||
| Income from discontinued operations attributable to SPX Corporation common shareholders for calculating basic and diluted income per share | 75.1 | 265.6 | 201.1 | |||||||||||||||||||||||||||||||||||||
| Assets: | ||||||||||||||||||||||||||||||||||||||||
| Assets of discontinued operations - current | 0.0 | 1,221.2 | 0.0 | 1,221.2 | ||||||||||||||||||||||||||||||||||||
| Assets of discontinued operations - non current | 0.0 | 2,274.7 | 0.0 | 2,274.7 | ||||||||||||||||||||||||||||||||||||
| Assets held for sale | 107.1 | 0.0 | 107.1 | 0.0 | ||||||||||||||||||||||||||||||||||||
| Liabilities: | ||||||||||||||||||||||||||||||||||||||||
| Liabilities of discontinued operations - current | 0.0 | 765.8 | 0.0 | 765.8 | ||||||||||||||||||||||||||||||||||||
| Liabilities of discontinued operations - non current | 0.0 | 1,032.2 | 0.0 | 1,032.2 | ||||||||||||||||||||||||||||||||||||
| Liabilities held for sale | 41.3 | 0.0 | 41.3 | 0.0 | ||||||||||||||||||||||||||||||||||||
| Non-cash items included in income from discontinued operations | ||||||||||||||||||||||||||||||||||||||||
| 2016 | 12.7 | 12.7 | ||||||||||||||||||||||||||||||||||||||
| 2017 | 8.3 | 8.3 | ||||||||||||||||||||||||||||||||||||||
| 2018 | 6.9 | 6.9 | ||||||||||||||||||||||||||||||||||||||
| 2019 | 6.4 | 6.4 | ||||||||||||||||||||||||||||||||||||||
| 2020 | 4.9 | $ 4.9 | ||||||||||||||||||||||||||||||||||||||
| Cash consideration, exclusive of cash transferred | 108.6 | 13.5 | ||||||||||||||||||||||||||||||||||||||
| Gain (loss) on sale of business, net of tax | $ (5.2) | 13.3 | (4.0) | |||||||||||||||||||||||||||||||||||||
| Results of operations for discontinued operations | ||||||||||||||||||||||||||||||||||||||||
| Income from discontinued operations | 113.8 | [1] | 357.1 | 283.3 | ||||||||||||||||||||||||||||||||||||
| TPS | ||||||||||||||||||||||||||||||||||||||||
| Non-cash items included in income from discontinued operations | ||||||||||||||||||||||||||||||||||||||||
| Cash consideration, exclusive of cash transferred | 42.5 | |||||||||||||||||||||||||||||||||||||||
| Gain (loss) on sale of business, net of tax | $ 21.5 | |||||||||||||||||||||||||||||||||||||||
| Other businesses included in discontinued operations | ||||||||||||||||||||||||||||||||||||||||
| Income from discontinued operations and related income taxes | ||||||||||||||||||||||||||||||||||||||||
| Revenues | 0.0 | 27.7 | 148.9 | |||||||||||||||||||||||||||||||||||||
| Income from discontinued operations | 0.0 | (6.1) | 7.0 | |||||||||||||||||||||||||||||||||||||
| Income from discontinued operations, net of tax | 0.0 | (5.0) | 5.3 | |||||||||||||||||||||||||||||||||||||
| Non-cash items included in income from discontinued operations | ||||||||||||||||||||||||||||||||||||||||
| Adjustment to gain or loss on sale of discontinued operations, net of tax | (5.2) | (1.1) | (5.3) | |||||||||||||||||||||||||||||||||||||
| Results of operations for discontinued operations | ||||||||||||||||||||||||||||||||||||||||
| Revenues | 0.0 | 27.7 | 148.9 | |||||||||||||||||||||||||||||||||||||
| Income from discontinued operations | 0.0 | (6.1) | 7.0 | |||||||||||||||||||||||||||||||||||||
| ALL Other Discontinued Operations | ||||||||||||||||||||||||||||||||||||||||
| Income from discontinued operations and related income taxes | ||||||||||||||||||||||||||||||||||||||||
| Income from discontinued operations | (8.6) | [1] | 22.1 | 3.6 | ||||||||||||||||||||||||||||||||||||
| Income tax provision | 3.4 | [1] | (13.8) | (2.3) | ||||||||||||||||||||||||||||||||||||
| Income from discontinued operations, net of tax | (5.2) | [1] | 8.3 | 1.3 | ||||||||||||||||||||||||||||||||||||
| Results of operations for discontinued operations | ||||||||||||||||||||||||||||||||||||||||
| Income from discontinued operations | (8.6) | [1] | 22.1 | 3.6 | ||||||||||||||||||||||||||||||||||||
| Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | SPX Flow, Inc | ||||||||||||||||||||||||||||||||||||||||
| Income from discontinued operations and related income taxes | ||||||||||||||||||||||||||||||||||||||||
| Revenues | 1,775.1 | [5] | 2,768.4 | 2,804.5 | ||||||||||||||||||||||||||||||||||||
| Costs of products sold | 1,179.3 | [5] | 1,831.0 | 1,906.9 | ||||||||||||||||||||||||||||||||||||
| Selling, general and administrative | [6] | 368.2 | [5] | 507.8 | 522.4 | |||||||||||||||||||||||||||||||||||
| Intangible amortization | 17.7 | [5] | 26.1 | 27.2 | ||||||||||||||||||||||||||||||||||||
| Impairment of intangible assets | 15.0 | [5],[7] | 11.7 | 6.7 | ||||||||||||||||||||||||||||||||||||
| Special charges | 41.2 | [5] | 13.8 | 14.4 | ||||||||||||||||||||||||||||||||||||
| Other income (expense), net | [8] | 1.3 | [5] | (1.9) | (5.5) | |||||||||||||||||||||||||||||||||||
| Interest expense, net | (32.6) | [5] | (41.1) | (41.7) | ||||||||||||||||||||||||||||||||||||
| Income from discontinued operations | 122.4 | [1],[5] | 335.0 | 279.7 | ||||||||||||||||||||||||||||||||||||
| Income tax provision | (1.4) | (43.0) | [1],[5] | (75.5) | (78.2) | |||||||||||||||||||||||||||||||||||
| Income from discontinued operations, net of tax | 79.4 | [1],[5] | 259.5 | 201.5 | ||||||||||||||||||||||||||||||||||||
| Less: Net income (loss) attributable to noncontrolling interest | (0.9) | [5] | (2.2) | 1.7 | ||||||||||||||||||||||||||||||||||||
| Income from discontinued operations attributable to SPX Corporation common shareholders for calculating basic and diluted income per share | 80.3 | [5] | 261.7 | 199.8 | ||||||||||||||||||||||||||||||||||||
| Professional fees and other costs incurred in connection with Spin Off | 30.8 | 3.5 | ||||||||||||||||||||||||||||||||||||||
| Assets: | ||||||||||||||||||||||||||||||||||||||||
| Cash and equivalents | 190.4 | 190.4 | ||||||||||||||||||||||||||||||||||||||
| Accounts receivable, net | 593.9 | 593.9 | ||||||||||||||||||||||||||||||||||||||
| Inventories, net | 330.4 | 330.4 | ||||||||||||||||||||||||||||||||||||||
| Other current assets | 106.5 | 106.5 | ||||||||||||||||||||||||||||||||||||||
| Assets of discontinued operations - current | 1,221.2 | 1,221.2 | ||||||||||||||||||||||||||||||||||||||
| Property, plant and equipment, net | 433.0 | 433.0 | ||||||||||||||||||||||||||||||||||||||
| Goodwill | 1,081.0 | 1,081.0 | ||||||||||||||||||||||||||||||||||||||
| Intangibles, net | 659.3 | 659.3 | ||||||||||||||||||||||||||||||||||||||
| Other assets | 101.4 | 101.4 | ||||||||||||||||||||||||||||||||||||||
| Assets of discontinued operations - non current | 2,274.7 | 2,274.7 | ||||||||||||||||||||||||||||||||||||||
| Total assets - discontinued operations | 3,495.9 | 3,495.9 | ||||||||||||||||||||||||||||||||||||||
| Liabilities: | ||||||||||||||||||||||||||||||||||||||||
| Accounts payable | 252.0 | 252.0 | ||||||||||||||||||||||||||||||||||||||
| Accrued expenses | 452.1 | 452.1 | ||||||||||||||||||||||||||||||||||||||
| Income taxes payable | 35.4 | 35.4 | ||||||||||||||||||||||||||||||||||||||
| Short-term debt and current maturities of long-term debt | 26.3 | 26.3 | ||||||||||||||||||||||||||||||||||||||
| Liabilities of discontinued operations - current | 765.8 | 765.8 | ||||||||||||||||||||||||||||||||||||||
| Long-term debt | 610.3 | 610.3 | ||||||||||||||||||||||||||||||||||||||
| Other long-term liabilities (includes $227.1 of Deferred and other income taxes) | 421.9 | 421.9 | ||||||||||||||||||||||||||||||||||||||
| Deferred and other income taxes | 227.1 | 227.1 | ||||||||||||||||||||||||||||||||||||||
| Liabilities of discontinued operations - non current | 1,032.2 | 1,032.2 | ||||||||||||||||||||||||||||||||||||||
| Liabilities of discontinued operations | $ 1,798.0 | 1,798.0 | ||||||||||||||||||||||||||||||||||||||
| Non-cash items included in income from discontinued operations | ||||||||||||||||||||||||||||||||||||||||
| Depreciation and amortization | 44.3 | [7] | 65.8 | 69.9 | ||||||||||||||||||||||||||||||||||||
| Impairment of intangible assets | 15.0 | [5],[7] | 11.7 | 6.7 | ||||||||||||||||||||||||||||||||||||
| Capital expenditures | 43.1 | [7] | 40.7 | 23.4 | ||||||||||||||||||||||||||||||||||||
| Payment of capital lease obligation | 0.0 | [7] | 60.8 | 0.0 | ||||||||||||||||||||||||||||||||||||
| Term of transition services agreement | 12 months | |||||||||||||||||||||||||||||||||||||||
| Termination notice period for transition services agreement | 30 days | |||||||||||||||||||||||||||||||||||||||
| Results of operations for discontinued operations | ||||||||||||||||||||||||||||||||||||||||
| Revenues | 1,775.1 | [5] | 2,768.4 | 2,804.5 | ||||||||||||||||||||||||||||||||||||
| Income from discontinued operations | 122.4 | [1],[5] | 335.0 | 279.7 | ||||||||||||||||||||||||||||||||||||
| Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | SPX Flow, Inc | Office lease associated with corporate headquarters | ||||||||||||||||||||||||||||||||||||||||
| Non-cash items included in income from discontinued operations | ||||||||||||||||||||||||||||||||||||||||
| Duration of office lease agreement | 5 years | |||||||||||||||||||||||||||||||||||||||
| 2016 | $ 2.1 | 2.1 | ||||||||||||||||||||||||||||||||||||||
| 2017 | 2.1 | 2.1 | ||||||||||||||||||||||||||||||||||||||
| 2018 | 2.1 | 2.1 | ||||||||||||||||||||||||||||||||||||||
| 2019 | 2.1 | 2.1 | ||||||||||||||||||||||||||||||||||||||
| 2020 | $ 2.1 | $ 2.1 | ||||||||||||||||||||||||||||||||||||||
| Discontinued Operations, Disposed of by Sale | Fenn | ||||||||||||||||||||||||||||||||||||||||
| Non-cash items included in income from discontinued operations | ||||||||||||||||||||||||||||||||||||||||
| Cash consideration, exclusive of cash transferred | 3.5 | |||||||||||||||||||||||||||||||||||||||
| Gain (loss) on sale of business, net of tax | (0.4) | |||||||||||||||||||||||||||||||||||||||
| Discontinued Operations, Disposed of by Sale | Precision Components | ||||||||||||||||||||||||||||||||||||||||
| Non-cash items included in income from discontinued operations | ||||||||||||||||||||||||||||||||||||||||
| Cash consideration, exclusive of cash transferred | 62.6 | |||||||||||||||||||||||||||||||||||||||
| Gain (loss) on sale of business, net of tax | (6.9) | |||||||||||||||||||||||||||||||||||||||
| Cash paid associated with working capital settlement | 0.4 | |||||||||||||||||||||||||||||||||||||||
| Discontinued Operations, Disposed of by Sale | TPS | ||||||||||||||||||||||||||||||||||||||||
| Non-cash items included in income from discontinued operations | ||||||||||||||||||||||||||||||||||||||||
| Cash consideration, exclusive of cash transferred | 42.5 | |||||||||||||||||||||||||||||||||||||||
| Gain (loss) on sale of business, net of tax | $ 21.7 | |||||||||||||||||||||||||||||||||||||||
| Discontinued Operations, Disposed of by Sale | Dielectric | ||||||||||||||||||||||||||||||||||||||||
| Non-cash items included in income from discontinued operations | ||||||||||||||||||||||||||||||||||||||||
| Cash consideration, exclusive of cash transferred | 4.7 | |||||||||||||||||||||||||||||||||||||||
| Discontinued Operations, Disposed of by Sale | Dielectric | Maximum | ||||||||||||||||||||||||||||||||||||||||
| Non-cash items included in income from discontinued operations | ||||||||||||||||||||||||||||||||||||||||
| Gain (loss) on sale of business, net of tax | 0.1 | |||||||||||||||||||||||||||||||||||||||
| Discontinued Operations, Disposed of by Sale | Kayex | ||||||||||||||||||||||||||||||||||||||||
| Non-cash items included in income from discontinued operations | ||||||||||||||||||||||||||||||||||||||||
| Gain (loss) on sale of business, net of tax | 1.3 | |||||||||||||||||||||||||||||||||||||||
| Cash consideration, gross | $ 6.9 | |||||||||||||||||||||||||||||||||||||||
| Disposal Group, Held-for-sale | Dry Cooling Business | ||||||||||||||||||||||||||||||||||||||||
| Assets: | ||||||||||||||||||||||||||||||||||||||||
| Accounts receivable, net | 49.2 | 49.2 | ||||||||||||||||||||||||||||||||||||||
| Inventories, net | 12.9 | 12.9 | ||||||||||||||||||||||||||||||||||||||
| Other current assets | 13.9 | 13.9 | ||||||||||||||||||||||||||||||||||||||
| Property, plant and equipment, net | 3.3 | 3.3 | ||||||||||||||||||||||||||||||||||||||
| Goodwill | 10.7 | 10.7 | ||||||||||||||||||||||||||||||||||||||
| Intangibles, net | 8.3 | 8.3 | ||||||||||||||||||||||||||||||||||||||
| Other assets | 8.8 | 8.8 | ||||||||||||||||||||||||||||||||||||||
| Assets held for sale | 107.1 | 107.1 | ||||||||||||||||||||||||||||||||||||||
| Liabilities: | ||||||||||||||||||||||||||||||||||||||||
| Accounts payable | 13.7 | 13.7 | ||||||||||||||||||||||||||||||||||||||
| Accrued expenses | 25.3 | 25.3 | ||||||||||||||||||||||||||||||||||||||
| Other long-term liabilities (includes $227.1 of Deferred and other income taxes) | 2.3 | 2.3 | ||||||||||||||||||||||||||||||||||||||
| Liabilities held for sale | $ 41.3 | $ 41.3 | ||||||||||||||||||||||||||||||||||||||
| 6.875% senior notes, due in August 2017 | ||||||||||||||||||||||||||||||||||||||||
| Income from discontinued operations and related income taxes | ||||||||||||||||||||||||||||||||||||||||
| Interest rate percentage | 6.875% | 6.875% | 6.875% | 6.875% | ||||||||||||||||||||||||||||||||||||
| Senior Notes | 6.875% senior notes, due in August 2017 | ||||||||||||||||||||||||||||||||||||||||
| Income from discontinued operations and related income taxes | ||||||||||||||||||||||||||||||||||||||||
| Interest rate percentage | 6.875% | 6.875% | ||||||||||||||||||||||||||||||||||||||
| Senior Notes | 6.875% senior notes, due in August 2017 | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | SPX Flow, Inc | ||||||||||||||||||||||||||||||||||||||||
| Income from discontinued operations and related income taxes | ||||||||||||||||||||||||||||||||||||||||
| Costs incurred to obtain consents to amend certain provisions to the indenture governing senior notes | $ 5.0 | |||||||||||||||||||||||||||||||||||||||
| Interest rate percentage | 6.875% | 6.875% | ||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
- Definition Assets Held-for-sale, Not Part of Disposal Group, Current No definition available.
|
| X | ||||||||||
- Definition Capital Expenditure, Discontinued Operations No definition available.
|
| X | ||||||||||
- Definition Discontinued Operation, Period of Continuing Involvement after Disposal No definition available.
|
| X | ||||||||||
- Definition Discontinued Operation, Post Spin Off Transition Services Agreement, Termination Notice Period No definition available.
|
| X | ||||||||||
- Definition Disposal Group, Including Discontinued Operation, Debt No definition available.
|
| X | ||||||||||
- Definition Disposal Group, Including Discontinued Operation, Deferred Tax Liabilities and Accrued Income Tax Payable, Noncurrent No definition available.
|
| X | ||||||||||
- Definition Disposal Group, Including Discontinued Operation, Impairment of Intangible Assets No definition available.
|
| X | ||||||||||
- Definition Disposal Group, Including Discontinued Operation, Professional Fees and Other Costs No definition available.
|
| X | ||||||||||
- Definition Disposal Group, Including Discontinued Operation, Short-term Debt and Long Term Debt, Current Maturities No definition available.
|
| X | ||||||||||
- Definition Disposal Group, Including Discontinued Operation, Special Charges No definition available.
|
| X | ||||||||||
- Definition Disposal Group, Including Discontinued Operation, Transaction Costs No definition available.
|
| X | ||||||||||
- Definition Liabilities Held-for-sale, Not Part of Disposal Group, Current No definition available.
|
| X | ||||||||||
- Definition Amount classified as assets attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount classified as assets attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of expense from discontinued operations, that reflects the allocation of the cost of tangible and intangible assets over the assets' useful lives. No definition available.
|
| X | ||||||||||
- Definition Adjustment, net of tax, to an amount previously reported in discontinued operations that is directly related to the disposal of the component in a prior period. Examples of circumstances leading to such adjustments include the resolution of contingencies relating to the terms of the disposal transaction or relating to the operations of the component prior to its disposal, and the settlement of certain employee benefit plan obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of gain (loss), after tax expense or benefit and not previously recognized, resulting from the sale of a business component. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Overall income (loss) from a disposal group that is classified as a component of the entity, before income tax, reported as a separate component of income before extraordinary items. Includes the following (before income tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Tax effect allocated to a disposal group that is classified as a component of the entity reported as a separate component of income before extraordinary items. Includes the tax effects of the following: income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount classified as accounts payable attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount classified as income tax obligations attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount classified as accrued liabilities attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount classified as assets attributable to disposal group held for sale or disposed of, expected to be disposed of after one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount classified as cash and cash equivalents attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of costs of goods sold attributable to the disposal group, including a component of the entity (discontinued operation), during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of depreciation and amortization attributable to disposal group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of general and administrative expense attributable to disposal group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount classified as goodwill attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount classified as intangible assets, excluding goodwill, attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of interest expense allocated to disposal group, including a discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount classified as other assets attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount classified as other assets attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of other expense attributable to disposal group. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount classified as other liabilities attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount classified as property, plant and equipment attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of sales or other form of revenues attributable to the disposal group, including a component of the entity (discontinued operation), during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition This element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items, which is apportioned to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This item includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount classified as inventory attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Term of the lessee's leasing arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
| X | ||||||||||
- Definition Amount classified as liabilities attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount classified as liabilities attributable to disposal group held for sale or disposed of, expected to be disposed of within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount classified as liabilities attributable to disposal group held for sale or disposed of, expected to be disposed of beyond one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The distributions of earnings to an entity that is affiliated with the reporting entity by means of direct or indirect ownership. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The cash inflow associated with the amount received from the sale of a portion of the company's business, for example a segment, division, branch or other business, during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition This element represents the cash inflow during the period from the sale of a component of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The cash outflow for the obligation for a lease meeting the criteria for capitalization (with maturities exceeding one year or beyond the operating cycle of the entity, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount classified as trade receivables attributable to disposal group held for sale or disposed of. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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Information on Reportable Segments (Details) $ in Millions |
3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2015
USD ($)
country
|
Sep. 26, 2015
USD ($)
|
Jun. 27, 2015
USD ($)
|
Mar. 28, 2015
USD ($)
|
[1] |
Dec. 31, 2014
USD ($)
|
Sep. 27, 2014
USD ($)
|
Jun. 28, 2014
USD ($)
|
Mar. 29, 2014
USD ($)
|
[1] |
Sep. 26, 2015
segment
|
Sep. 16, 2015
segment
|
Dec. 31, 2015
USD ($)
country
|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2013
USD ($)
|
|||||||||||||||||||
| Business segment | |||||||||||||||||||||||||||||||||
| Number of reportable segments | segment | 3 | 2 | |||||||||||||||||||||||||||||||
| Revenues: | |||||||||||||||||||||||||||||||||
| Revenues | $ 509.5 | [1] | $ 374.1 | $ 459.4 | $ 376.3 | $ 555.6 | [1] | $ 489.6 | $ 489.1 | $ 418.4 | $ 1,719.3 | [2] | $ 1,952.7 | [2],[3] | $ 1,968.8 | [2],[3] | |||||||||||||||||
| Income (loss): | |||||||||||||||||||||||||||||||||
| Pension and other employee benefits | 35.5 | 124.1 | (4.9) | ||||||||||||||||||||||||||||||
| Impairment of goodwill and other long-term assets | 13.7 | 28.9 | 0.0 | ||||||||||||||||||||||||||||||
| Special charges, net | 17.8 | 9.3 | 17.9 | ||||||||||||||||||||||||||||||
| Operating income (loss) | (170.0) | (179.5) | 15.8 | ||||||||||||||||||||||||||||||
| Capital expenditures: | |||||||||||||||||||||||||||||||||
| Total capital expenditures | 17.9 | 20.4 | 32.1 | ||||||||||||||||||||||||||||||
| Depreciation and amortization: | |||||||||||||||||||||||||||||||||
| Total depreciation and amortization | 39.2 | 43.4 | 45.7 | ||||||||||||||||||||||||||||||
| Identifiable assets: | |||||||||||||||||||||||||||||||||
| Total identifiable assets | 2,181.3 | 5,894.3 | 2,181.3 | 5,894.3 | 6,851.7 | ||||||||||||||||||||||||||||
| Tangible Long-Lived Assets: | |||||||||||||||||||||||||||||||||
| Total tangible long-lived assets | 914.1 | 1,395.3 | 914.1 | 1,395.3 | 1,653.4 | ||||||||||||||||||||||||||||
| Scenario, Adjustment | |||||||||||||||||||||||||||||||||
| Income (loss): | |||||||||||||||||||||||||||||||||
| Operating income (loss) | (0.9) | (2.4) | |||||||||||||||||||||||||||||||
| United States | |||||||||||||||||||||||||||||||||
| Revenues: | |||||||||||||||||||||||||||||||||
| Revenues | [2] | 1,255.4 | 1,302.6 | 1,286.1 | |||||||||||||||||||||||||||||
| Germany | |||||||||||||||||||||||||||||||||
| Revenues: | |||||||||||||||||||||||||||||||||
| Revenues | [2] | 121.6 | 171.2 | 175.7 | |||||||||||||||||||||||||||||
| China | |||||||||||||||||||||||||||||||||
| Revenues: | |||||||||||||||||||||||||||||||||
| Revenues | [2] | 92.8 | 140.9 | 83.7 | |||||||||||||||||||||||||||||
| South Africa | |||||||||||||||||||||||||||||||||
| Revenues: | |||||||||||||||||||||||||||||||||
| Revenues | [2] | 54.2 | 109.2 | 234.2 | |||||||||||||||||||||||||||||
| United Kingdom | |||||||||||||||||||||||||||||||||
| Revenues: | |||||||||||||||||||||||||||||||||
| Revenues | [2] | 69.6 | 69.2 | 58.9 | |||||||||||||||||||||||||||||
| Other | |||||||||||||||||||||||||||||||||
| Revenues: | |||||||||||||||||||||||||||||||||
| Revenues | [2] | 125.7 | 159.6 | 130.2 | |||||||||||||||||||||||||||||
| Continuing operations | |||||||||||||||||||||||||||||||||
| Tangible Long-Lived Assets: | |||||||||||||||||||||||||||||||||
| Total tangible long-lived assets | 914.1 | 860.9 | 914.1 | 860.9 | 955.1 | ||||||||||||||||||||||||||||
| Continuing operations | United States | |||||||||||||||||||||||||||||||||
| Tangible Long-Lived Assets: | |||||||||||||||||||||||||||||||||
| Total tangible long-lived assets | 837.9 | 796.9 | 837.9 | 796.9 | 905.0 | ||||||||||||||||||||||||||||
| Continuing operations | Other | |||||||||||||||||||||||||||||||||
| Tangible Long-Lived Assets: | |||||||||||||||||||||||||||||||||
| Total tangible long-lived assets | 76.2 | 64.0 | 76.2 | 64.0 | 50.1 | ||||||||||||||||||||||||||||
| Discontinued operations | |||||||||||||||||||||||||||||||||
| Income (loss): | |||||||||||||||||||||||||||||||||
| Special charges, net | 0.0 | 0.0 | 4.4 | ||||||||||||||||||||||||||||||
| Identifiable assets: | |||||||||||||||||||||||||||||||||
| Total identifiable assets | 0.0 | 3,495.9 | 0.0 | 3,495.9 | 3,838.7 | ||||||||||||||||||||||||||||
| Tangible Long-Lived Assets: | |||||||||||||||||||||||||||||||||
| Total tangible long-lived assets | 0.0 | 534.4 | 0.0 | 534.4 | 698.3 | ||||||||||||||||||||||||||||
| Discontinued operations | Scenario, Adjustment | |||||||||||||||||||||||||||||||||
| Revenues: | |||||||||||||||||||||||||||||||||
| Revenues | [4] | (2,768.4) | (2,804.5) | ||||||||||||||||||||||||||||||
| Reportable and other operating segments | |||||||||||||||||||||||||||||||||
| Income (loss): | |||||||||||||||||||||||||||||||||
| Operating income (loss) | 15.7 | 129.6 | 173.8 | ||||||||||||||||||||||||||||||
| General corporate | |||||||||||||||||||||||||||||||||
| Income (loss): | |||||||||||||||||||||||||||||||||
| Corporate expense | 100.8 | 131.7 | 136.2 | ||||||||||||||||||||||||||||||
| Capital expenditures: | |||||||||||||||||||||||||||||||||
| Total capital expenditures | 4.4 | 5.6 | 15.8 | ||||||||||||||||||||||||||||||
| Depreciation and amortization: | |||||||||||||||||||||||||||||||||
| Total depreciation and amortization | 8.9 | 10.7 | 9.8 | ||||||||||||||||||||||||||||||
| Identifiable assets: | |||||||||||||||||||||||||||||||||
| Total identifiable assets | 373.2 | 449.1 | 373.2 | 449.1 | 1,025.9 | ||||||||||||||||||||||||||||
| Segment reconciling items | |||||||||||||||||||||||||||||||||
| Income (loss): | |||||||||||||||||||||||||||||||||
| Pension and other employee benefits | 18.9 | 106.1 | (22.6) | ||||||||||||||||||||||||||||||
| Stock-based compensation | 34.5 | 33.1 | 26.5 | ||||||||||||||||||||||||||||||
| Impairment of goodwill and other long-term assets | 13.7 | 28.9 | 0.0 | ||||||||||||||||||||||||||||||
| Special charges, net | 17.8 | 9.3 | 17.9 | ||||||||||||||||||||||||||||||
| HVAC segment | |||||||||||||||||||||||||||||||||
| Revenues: | |||||||||||||||||||||||||||||||||
| Revenues | 529.1 | 535.7 | 497.3 | ||||||||||||||||||||||||||||||
| HVAC segment | Reportable and other operating segments | |||||||||||||||||||||||||||||||||
| Income (loss): | |||||||||||||||||||||||||||||||||
| Special charges, net | 1.1 | 0.9 | 0.6 | ||||||||||||||||||||||||||||||
| Operating income (loss) | 80.2 | 69.4 | 66.6 | ||||||||||||||||||||||||||||||
| Capital expenditures: | |||||||||||||||||||||||||||||||||
| Total capital expenditures | 2.3 | 4.3 | 3.2 | ||||||||||||||||||||||||||||||
| Depreciation and amortization: | |||||||||||||||||||||||||||||||||
| Total depreciation and amortization | 4.6 | 4.5 | 4.5 | ||||||||||||||||||||||||||||||
| Identifiable assets: | |||||||||||||||||||||||||||||||||
| Total identifiable assets | 623.0 | 684.8 | 623.0 | 684.8 | 651.9 | ||||||||||||||||||||||||||||
| Detection and Measurement segment | |||||||||||||||||||||||||||||||||
| Revenues: | |||||||||||||||||||||||||||||||||
| Revenues | [5] | 232.3 | 244.4 | 271.3 | |||||||||||||||||||||||||||||
| Detection and Measurement segment | Reportable and other operating segments | |||||||||||||||||||||||||||||||||
| Income (loss): | |||||||||||||||||||||||||||||||||
| Special charges, net | 0.9 | 1.2 | 0.6 | ||||||||||||||||||||||||||||||
| Operating income (loss) | [5] | 46.0 | 55.2 | 72.6 | |||||||||||||||||||||||||||||
| Capital expenditures: | |||||||||||||||||||||||||||||||||
| Total capital expenditures | 1.2 | 2.3 | 1.7 | ||||||||||||||||||||||||||||||
| Depreciation and amortization: | |||||||||||||||||||||||||||||||||
| Total depreciation and amortization | 2.8 | 2.7 | 2.3 | ||||||||||||||||||||||||||||||
| Identifiable assets: | |||||||||||||||||||||||||||||||||
| Total identifiable assets | 256.5 | 217.1 | 256.5 | 217.1 | 212.6 | ||||||||||||||||||||||||||||
| Power segment | |||||||||||||||||||||||||||||||||
| Revenues: | |||||||||||||||||||||||||||||||||
| Revenues | [6] | 957.9 | 1,172.6 | 1,200.2 | |||||||||||||||||||||||||||||
| Power segment | Scenario, Adjustment | |||||||||||||||||||||||||||||||||
| Revenues: | |||||||||||||||||||||||||||||||||
| Revenues | (57.2) | (25.0) | |||||||||||||||||||||||||||||||
| Income (loss): | |||||||||||||||||||||||||||||||||
| Operating income (loss) | $ (95.0) | (25.0) | |||||||||||||||||||||||||||||||
| Tangible Long-Lived Assets: | |||||||||||||||||||||||||||||||||
| Loss recorded for projects | 105.0 | 9.2 | |||||||||||||||||||||||||||||||
| Power segment | Reportable and other operating segments | |||||||||||||||||||||||||||||||||
| Income (loss): | |||||||||||||||||||||||||||||||||
| Special charges, net | 14.7 | 6.5 | 16.1 | ||||||||||||||||||||||||||||||
| Operating income (loss) | [6] | (110.5) | 5.0 | 34.6 | |||||||||||||||||||||||||||||
| Capital expenditures: | |||||||||||||||||||||||||||||||||
| Total capital expenditures | 10.0 | 8.2 | 11.4 | ||||||||||||||||||||||||||||||
| Depreciation and amortization: | |||||||||||||||||||||||||||||||||
| Total depreciation and amortization | 22.9 | 25.5 | 29.1 | ||||||||||||||||||||||||||||||
| Identifiable assets: | |||||||||||||||||||||||||||||||||
| Total identifiable assets | $ 928.6 | $ 1,047.4 | $ 928.6 | $ 1,047.4 | $ 1,122.6 | ||||||||||||||||||||||||||||
| Minimum | |||||||||||||||||||||||||||||||||
| Business segment | |||||||||||||||||||||||||||||||||
| Number of countries in which entity operates | country | 20 | 20 | |||||||||||||||||||||||||||||||
| Number of countries in which entity sells its products and services | country | 100 | 100 | |||||||||||||||||||||||||||||||
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- Definition Represents the number of countries in which the entity sells its products and services. No definition available.
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- Definition The amount of expenses at the corporate level which are not otherwise separately disclosed and are not allocated to the reportable segments or other operating segments for reporting purposes. No definition available.
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| X | ||||||||||
- Definition Amount charged against earnings in the period for incurred and estimated costs associated with an exit from business activities or restructuring pursuant to a duly authorized plan, excluding asset retirement obligations. Such costs include charges associated with employee terminations, lease terminations, asset impairments, etc. No definition available.
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| X | ||||||||||
- Definition Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total loss recognized during the period from the impairment of goodwill plus the loss recognized in the period resulting from the impairment of the carrying amount of intangible assets, other than goodwill. No definition available.
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| X | ||||||||||
- Definition Losses recognized in the current period on contracts which are expected to generate losses, which are probable and can be reasonably estimated, in a future period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The number of countries in which the entity operates as of balance sheet date. No definition available.
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| X | ||||||||||
- Definition Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- References No definition available.
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| X | ||||||||||
- Definition The cash outflow for purchases of and capital improvements on property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The amount of pension and other (such as medical, dental and life insurance) postretirement benefit costs recognized during the period for (1) defined benefit plans (periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain (loss) on assets, prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments) and for (2) defined contribution plans (to the extent that a plan's defined contributions to an individual's account are to be made for periods in which that individual renders services, the net cost for a period is the contribution called for in that period; if a plan calls for contributions for periods after an individual retires or terminates, the estimated cost is accrued during the employee's service period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Special Charges, Net (Details) $ in Millions |
3 Months Ended | 12 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2015
USD ($)
employee
|
Dec. 31, 2014
USD ($)
employee
|
Dec. 31, 2013
USD ($)
lease
employee
|
||||||
| Special charges, net | ||||||||||
| Period for selling an asset | 1 year | |||||||||
| Period for settling liabilities | 1 year | |||||||||
| Restructuring charges | ||||||||||
| Employee Termination Costs | $ 16.0 | $ 8.7 | $ 17.3 | |||||||
| Facility Consolidation Costs | 1.4 | 0.3 | 0.0 | |||||||
| Other Cash Costs, Net | 0.1 | 0.3 | 0.3 | |||||||
| Non-Cash Asset Write-downs | 0.3 | 0.0 | 0.3 | |||||||
| Total Special Charges | 17.8 | 9.3 | 17.9 | |||||||
| Expected charges to be incurred | $ 1.0 | 1.0 | ||||||||
| Restructuring liabilities | ||||||||||
| Balance at beginning of year | 5.1 | 8.9 | 4.6 | |||||||
| Special charges | [1] | 17.5 | 9.3 | 22.0 | ||||||
| Utilization — cash | [2] | (10.9) | (13.2) | (18.0) | ||||||
| Currency translation adjustment and other | (0.4) | 0.1 | 0.3 | |||||||
| Balance at the end of year | 11.3 | $ 5.1 | 11.3 | 5.1 | 8.9 | |||||
| Asset impairment charges | 0.3 | 0.0 | 0.3 | |||||||
| Discontinued operations | ||||||||||
| Restructuring charges | ||||||||||
| Total Special Charges | 0.0 | 0.0 | 4.4 | |||||||
| Restructuring liabilities | ||||||||||
| Utilization — cash | 0.0 | (0.6) | (3.6) | |||||||
| Corporate | ||||||||||
| Restructuring charges | ||||||||||
| Employee Termination Costs | 1.1 | 0.7 | 0.1 | |||||||
| Facility Consolidation Costs | 0.0 | 0.0 | 0.0 | |||||||
| Other Cash Costs, Net | 0.0 | 0.0 | 0.2 | |||||||
| Non-Cash Asset Write-downs | 0.0 | 0.0 | 0.3 | |||||||
| Total Special Charges | $ 1.1 | $ 0.7 | $ 0.6 | |||||||
| Number of terminated building leases | lease | 2 | |||||||||
| HVAC segment | ||||||||||
| Restructuring charges | ||||||||||
| Number of employees terminated | employee | 44 | 13 | ||||||||
| HVAC segment | Reportable and other operating segments | ||||||||||
| Restructuring charges | ||||||||||
| Employee Termination Costs | $ 0.9 | $ 0.7 | $ 0.6 | |||||||
| Facility Consolidation Costs | 0.1 | 0.2 | 0.0 | |||||||
| Other Cash Costs, Net | (0.2) | 0.0 | 0.0 | |||||||
| Non-Cash Asset Write-downs | 0.3 | 0.0 | 0.0 | |||||||
| Total Special Charges | $ 1.1 | $ 0.9 | $ 0.6 | |||||||
| Detection and Measurement segment | ||||||||||
| Restructuring charges | ||||||||||
| Number of employees terminated | employee | 18 | 16 | ||||||||
| Number of employees expected to be terminated | employee | 21 | |||||||||
| Detection and Measurement segment | Reportable and other operating segments | ||||||||||
| Restructuring charges | ||||||||||
| Employee Termination Costs | $ 0.9 | $ 1.2 | $ 0.5 | |||||||
| Facility Consolidation Costs | 0.0 | 0.0 | 0.0 | |||||||
| Other Cash Costs, Net | 0.0 | 0.0 | 0.1 | |||||||
| Non-Cash Asset Write-downs | 0.0 | 0.0 | 0.0 | |||||||
| Total Special Charges | $ 0.9 | $ 1.2 | $ 0.6 | |||||||
| Power segment | ||||||||||
| Restructuring charges | ||||||||||
| Non-Cash Asset Write-downs | $ 13.7 | $ 28.9 | ||||||||
| Number of employees terminated | employee | 42 | 303 | ||||||||
| Number of employees expected to be terminated | employee | 275 | |||||||||
| Power segment | Reportable and other operating segments | ||||||||||
| Restructuring charges | ||||||||||
| Employee Termination Costs | $ 13.1 | $ 6.1 | $ 16.1 | |||||||
| Facility Consolidation Costs | 1.3 | 0.1 | 0.0 | |||||||
| Other Cash Costs, Net | 0.3 | 0.3 | 0.0 | |||||||
| Non-Cash Asset Write-downs | 0.0 | 0.0 | 0.0 | |||||||
| Total Special Charges | $ 14.7 | $ 6.5 | $ 16.1 | |||||||
| ||||||||||
| X | ||||||||||
- Definition The charge against earnings in the period, comprised of costs incurred associated with an exit or disposal activity other than for a discontinued operations as defined under generally accepted accounting principles. No definition available.
|
| X | ||||||||||
- Definition Represents the number of building leases terminated early during the period. No definition available.
|
| X | ||||||||||
- Definition Represents other cash costs (recoveries) during the period. No definition available.
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| X | ||||||||||
- Definition Period within which the entity expects to sell an asset (in years) in order to qualify as a discontinued operation. No definition available.
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| X | ||||||||||
- Definition Represents the period within which the liabilities related to restructuring actions will be settled. No definition available.
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| X | ||||||||||
- Definition Amount of cash paid in the period to fully or partially settle a specified, previously accrued type of restructuring or integration cost. No definition available.
|
| X | ||||||||||
- Definition Carrying amount (including both current and noncurrent portions of the accrual) as of the balance sheet date pertaining to a specified type of cost associated with exit from or disposal of business activities or restructuring pursuant to a duly authorized plan. Also includes integration reserves. No definition available.
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| X | ||||||||||
- Definition Reserve increase representing the amount charged against earnings in the period for a specified incurred and estimated type of cost associated with exit from or disposal of business activities or restructuring pursuant to a duly authorized plan. Also includes the amount charged against earnings in the period for integration expenses. No definition available.
|
| X | ||||||||||
- Definition The amount of change in the restructuring and integration reserves related to foreign currency translation adjustments and any other adjustments not separately disclosed or provided for elsewhere in the Taxonomy. No definition available.
|
| X | ||||||||||
- Definition Amount charged against earnings in the period for incurred and estimated costs associated with an exit from business activities or restructuring pursuant to a duly authorized plan, excluding asset retirement obligations. Such costs include charges associated with employee terminations, lease terminations, asset impairments, etc. No definition available.
|
| X | ||||||||||
- Definition Amount of non-cash special charges that impact special charges but not restructuring and integration related liabilities. No definition available.
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| X | ||||||||||
- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount expected to be recognized in earnings for the specified restructuring cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The expected number of positions to be eliminated as a result of restructuring activities. No definition available.
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| X | ||||||||||
- Definition The number of positions eliminated during the period as a result of restructuring activities. No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Definition Amount of expenses for special or contractual termination benefits provided to current employees involuntarily terminated under a benefit arrangement associated exit or disposal activities pursuant to an authorized plan. Excludes expenses related to one-time termination benefits, a discontinued operation or an asset retirement obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Inventories, Net (Details) - USD ($) $ in Millions |
Dec. 31, 2015 |
Dec. 31, 2014 |
||
|---|---|---|---|---|
| Inventory [Line Items] | ||||
| Finished goods | $ 58.4 | $ 40.0 | ||
| Work in process | 58.2 | 59.5 | ||
| Raw materials and purchased parts | 79.4 | 80.0 | ||
| Total FIFO cost | 196.0 | 179.5 | ||
| Excess of FIFO cost over LIFO inventory value | (12.4) | (12.1) | ||
| Total inventories | $ 170.7 | $ 167.4 | ||
| Domestic inventories, valued using the last-in, first-out ("LIFO") method, as a percentage of total inventory | 46.00% | 42.00% | ||
| Assets from Continuing Operations and Disposal Group, Held-for-sale, Not Discontinued Operations | ||||
| Inventory [Line Items] | ||||
| Total inventories | [1] | $ 183.6 | $ 167.4 | |
| Dry Cooling Business | Disposal Group, Held-for-sale | Assets Held For Sale, Current | ||||
| Inventory [Line Items] | ||||
| Total inventories | $ 12.9 | |||
| ||||
| X | ||||||||||
- Definition The amount of FIFO (first in first out) inventory present at the reporting date when inventory is also valued using different valuation methods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of merchandise or goods held by the company that are readily available for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of difference between inventory at lower of LIFO cost or market and inventory at lower of other inventory accounting method cost or market, for example, but not limited to, FIFO or average cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Carrying amount, net of valuation reserves and adjustments, as of the balance sheet date of items purchased for use as components of a finished product or pieces of machinery and equipment plus any items in their natural and unrefined state. This element may be used when the reporting entity combines raw materials and purchased parts into an aggregate amount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Carrying amount, net of reserves and adjustments, as of the balance sheet date of merchandise or goods which are partially completed. This inventory is generally comprised of raw materials, labor and factory overhead costs, which require further materials, labor and overhead to be converted into finished goods, and which generally require the use of estimates to determine percentage complete and pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The percentage of LIFO (last in first out) inventory to total inventory as of the balance sheet date if other than 100 percent. No definition available.
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Goodwill and Other Intangible Assets (Details) - USD ($) $ in Millions |
12 Months Ended | |||||
|---|---|---|---|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
|||||
| Changes in the carrying amount of goodwill | ||||||
| Gross goodwill, beginning of the period | $ 904.9 | $ 924.1 | ||||
| Accumulated impairment, balance at the beginning of the period | (530.5) | (540.0) | ||||
| Goodwill, balance at the beginning of the period | 374.4 | 384.1 | ||||
| Gross goodwill related to foreign currency translation and other | (19.2) | (19.2) | ||||
| Accumulated impairments related to foreign currency translation and other | 12.0 | 9.5 | ||||
| Goodwill related to foreign currency translation and other | (9.7) | |||||
| Gross goodwill, end of the period | 885.7 | 904.9 | ||||
| Accumulated impairment, balance at the end of the period | (532.2) | (530.5) | ||||
| Goodwill, balance at the end of the period | 342.8 | 374.4 | ||||
| Assets from Continuing Operations and Disposal Group, Held-for-sale, Not Discontinued Operations | ||||||
| Changes in the carrying amount of goodwill | ||||||
| Goodwill, balance at the beginning of the period | [1] | 374.4 | ||||
| Goodwill related to foreign currency translation and other | [1] | (7.2) | ||||
| Goodwill, balance at the end of the period | [1] | 353.5 | 374.4 | |||
| Assets Held For Sale, Current | Disposal Group, Held-for-sale | Dry Cooling Business | ||||||
| Changes in the carrying amount of goodwill | ||||||
| Goodwill, balance at the end of the period | [1] | 10.7 | ||||
| HVAC segment | ||||||
| Changes in the carrying amount of goodwill | ||||||
| Gross goodwill, beginning of the period | 267.5 | 275.2 | ||||
| Accumulated impairment, balance at the beginning of the period | (147.9) | (150.6) | ||||
| Goodwill, balance at the beginning of the period | 119.6 | 124.6 | ||||
| Gross goodwill related to foreign currency translation and other | (6.2) | (7.7) | ||||
| Accumulated impairments related to foreign currency translation and other | 2.7 | 2.7 | ||||
| Goodwill related to foreign currency translation and other | (3.5) | (5.0) | ||||
| Gross goodwill, end of the period | 261.3 | 267.5 | ||||
| Accumulated impairment, balance at the end of the period | (145.2) | (147.9) | ||||
| Goodwill, balance at the end of the period | 116.1 | 119.6 | ||||
| Detection and Measurement segment | ||||||
| Changes in the carrying amount of goodwill | ||||||
| Gross goodwill, beginning of the period | 220.2 | 222.7 | ||||
| Accumulated impairment, balance at the beginning of the period | (139.1) | (140.5) | ||||
| Goodwill, balance at the beginning of the period | 81.1 | 82.2 | ||||
| Gross goodwill related to foreign currency translation and other | (1.1) | (2.5) | ||||
| Accumulated impairments related to foreign currency translation and other | 1.1 | 1.4 | ||||
| Goodwill related to foreign currency translation and other | 0.0 | (1.1) | ||||
| Gross goodwill, end of the period | 219.1 | 220.2 | ||||
| Accumulated impairment, balance at the end of the period | (138.0) | (139.1) | ||||
| Goodwill, balance at the end of the period | 81.1 | 81.1 | ||||
| Power segment | ||||||
| Changes in the carrying amount of goodwill | ||||||
| Gross goodwill, beginning of the period | 417.2 | 426.2 | ||||
| Accumulated impairment, balance at the beginning of the period | (243.5) | (248.9) | ||||
| Goodwill, balance at the beginning of the period | 173.7 | [1] | 177.3 | |||
| Gross goodwill related to foreign currency translation and other | (11.9) | (9.0) | ||||
| Impairments | [1] | (13.7) | ||||
| Accumulated impairments related to foreign currency translation and other | 8.2 | 5.4 | ||||
| Goodwill related to foreign currency translation and other | (3.7) | [1] | (3.6) | |||
| Gross goodwill, end of the period | 405.3 | 417.2 | ||||
| Accumulated impairment, balance at the end of the period | (249.0) | (243.5) | ||||
| Goodwill, balance at the end of the period | [1] | 156.3 | $ 173.7 | |||
| Power segment | Assets from Continuing Operations and Disposal Group, Held-for-sale, Not Discontinued Operations | ||||||
| Changes in the carrying amount of goodwill | ||||||
| Impairments | [1] | $ (13.7) | ||||
| ||||||
| X | ||||||||||
- Definition Represents the adjustments, during the period, to the accumulated impairments of Goodwill related to foreign currency translation and other adjustments. No definition available.
|
| X | ||||||||||
- Definition Represents the adjustments, during the period, to the net value of goodwill related to for foreign currency translation and other adjustments. No definition available.
|
| X | ||||||||||
- Definition Represents the adjustments, during the period, to the gross value of goodwill related to foreign currency translation and other adjustments. No definition available.
|
| X | ||||||||||
- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount before accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of accumulated impairment loss for an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
- Details
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Goodwill and Other Intangible Assets (Details 2) - USD ($) $ in Millions |
12 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
|||||||
| Intangible assets with determinable lives | |||||||||
| Gross carrying value of finite-lived intangible assets | $ 84.9 | $ 86.3 | |||||||
| Accumulated amortization | (47.4) | (44.0) | |||||||
| Net carrying value of finite-lived intangible assets | 37.5 | 42.3 | |||||||
| Net carrying value | 154.2 | 169.2 | [1] | ||||||
| Intangible assets with indefinite lives | |||||||||
| Amortization expense | 5.2 | 5.7 | $ 5.8 | ||||||
| Estimated amortization expense related to intangible assets | |||||||||
| 2016 | 4.9 | ||||||||
| 2017 | 4.2 | ||||||||
| 2018 | 4.2 | ||||||||
| 2019 | 2.8 | ||||||||
| 2020 | 2.8 | ||||||||
| Assets from Continuing Operations and Disposal Group, Held-for-sale, Not Discontinued Operations | |||||||||
| Intangible assets with determinable lives | |||||||||
| Accumulated amortization | (47.4) | (44.0) | |||||||
| Gross carrying value | 209.9 | 213.2 | |||||||
| Net carrying value | 162.5 | 169.2 | |||||||
| HVAC segment | |||||||||
| Intangible assets with determinable lives | |||||||||
| Net carrying value of finite-lived intangible assets | 6.0 | ||||||||
| Intangible assets with indefinite lives | |||||||||
| Trademarks | 89.2 | ||||||||
| Detection and Measurement segment | |||||||||
| Intangible assets with determinable lives | |||||||||
| Net carrying value of finite-lived intangible assets | 0.3 | ||||||||
| Intangible assets with indefinite lives | |||||||||
| Trademarks | 11.3 | ||||||||
| Power segment | |||||||||
| Intangible assets with determinable lives | |||||||||
| Net carrying value of finite-lived intangible assets | 31.2 | ||||||||
| Intangible assets with indefinite lives | |||||||||
| Trademarks | 24.5 | ||||||||
| Trademarks | |||||||||
| Intangible assets with indefinite lives | |||||||||
| Trademarks | [2] | 125.0 | 126.9 | ||||||
| Trademarks | Disposal Group, Held-for-sale | Assets Held For Sale, Current | |||||||||
| Intangible assets with indefinite lives | |||||||||
| Trademarks | 5.9 | ||||||||
| Customer relationships | |||||||||
| Intangible assets with determinable lives | |||||||||
| Gross carrying value of finite-lived intangible assets | 25.4 | 25.4 | |||||||
| Accumulated amortization | (9.5) | (8.2) | |||||||
| Net carrying value of finite-lived intangible assets | 15.9 | 17.2 | |||||||
| Technology | |||||||||
| Intangible assets with determinable lives | |||||||||
| Gross carrying value of finite-lived intangible assets | [2] | 40.7 | 42.1 | ||||||
| Accumulated amortization | [2] | (25.2) | (23.7) | ||||||
| Net carrying value of finite-lived intangible assets | [2] | 15.5 | 18.4 | ||||||
| Technology | Disposal Group, Held-for-sale | Assets Held For Sale, Current | |||||||||
| Intangible assets with determinable lives | |||||||||
| Net carrying value of finite-lived intangible assets | 2.4 | ||||||||
| Patents | |||||||||
| Intangible assets with determinable lives | |||||||||
| Gross carrying value of finite-lived intangible assets | 4.6 | 4.6 | |||||||
| Accumulated amortization | (4.6) | (4.6) | |||||||
| Net carrying value of finite-lived intangible assets | 0.0 | 0.0 | |||||||
| Other | |||||||||
| Intangible assets with determinable lives | |||||||||
| Gross carrying value of finite-lived intangible assets | 14.2 | 14.2 | |||||||
| Accumulated amortization | (8.1) | (7.5) | |||||||
| Net carrying value of finite-lived intangible assets | $ 6.1 | $ 6.7 | |||||||
| |||||||||
| X | ||||||||||
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount before accumulated amortization of intangible assets, excluding goodwill. No definition available.
|
| X | ||||||||||
- Definition Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
|
Goodwill and Other Intangible Assets (Details 3) $ in Millions |
3 Months Ended | 12 Months Ended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2015
USD ($)
reporting_unit
|
|||||||||||
| Intangible assets with determinable lives and indefinite lives | ||||||||||||
| Reduction in Intangibles, net | $ (169.2) | [1] | $ (154.2) | |||||||||
| Reduction in retained earnings | (2,628.6) | [1] | (897.8) | |||||||||
| Restatement Adjustment | ||||||||||||
| Intangible assets with determinable lives and indefinite lives | ||||||||||||
| Reduction in Intangibles, net | [2] | 2.5 | ||||||||||
| Reduction in retained earnings | [2] | 9.2 | ||||||||||
| Previously Reported | ||||||||||||
| Intangible assets with determinable lives and indefinite lives | ||||||||||||
| Reduction in Intangibles, net | [3] | (831.0) | ||||||||||
| Reduction in retained earnings | [3] | $ (2,637.8) | ||||||||||
| Power segment | ||||||||||||
| Intangible assets with determinable lives and indefinite lives | ||||||||||||
| Impairment charge | [4] | $ 13.7 | ||||||||||
| Number of reporting units | reporting_unit | 1 | |||||||||||
| Percentage of fair value of goodwill in excess of carrying value for reporting units | 10.00% | 10.00% | ||||||||||
| Aggregate amount of goodwill | $ 25.2 | |||||||||||
| Power segment | Trademarks | Adjustment for Impairment Charge to Trademarks | ||||||||||||
| Intangible assets with determinable lives and indefinite lives | ||||||||||||
| Impairment charge | $ 10.9 | |||||||||||
| Power segment | Trademarks | Adjustment for Impairment Charge to Trademarks | Restatement Adjustment | ||||||||||||
| Intangible assets with determinable lives and indefinite lives | ||||||||||||
| Impairment charge | 2.5 | |||||||||||
| Reduction in Intangibles, net | 2.5 | |||||||||||
| Reduction in retained earnings | 2.5 | |||||||||||
| Power segment | Trademarks | Adjustment for Impairment Charge to Trademarks | Previously Reported | ||||||||||||
| Intangible assets with determinable lives and indefinite lives | ||||||||||||
| Impairment charge | 8.4 | |||||||||||
| Power segment | Trademarks | Adjustment for Impairment Charge to Trademarks | Actual | ||||||||||||
| Intangible assets with determinable lives and indefinite lives | ||||||||||||
| Impairment charge | 10.9 | |||||||||||
| Power segment | Balcke Duerr Reporting Unit | ||||||||||||
| Intangible assets with determinable lives and indefinite lives | ||||||||||||
| Impairment charge | $ 13.7 | |||||||||||
| Cooling | Dry Cooling Business | ||||||||||||
| Intangible assets with determinable lives and indefinite lives | ||||||||||||
| Impairment charges | $ 18.0 | |||||||||||
| ||||||||||||
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Reporting Unit, Goodwill Amount No definition available.
|
| X | ||||||||||
- Definition This item represents an other than temporary decline in value that has been recognized against an investment accounted for under the equity method of accounting. The excess of the carrying amount over the fair value of the investment represents the amount of the write down which is or was reflected in earnings. The written down value is a new cost basis with the adjusted value of the investment becoming its new carrying value subject to the equity accounting method. Evidence of a loss in value might include, but would not necessarily be limited to, absence of an ability to recover the carrying amount of the investment or inability of the investee to sustain an earnings capacity which would justify the carrying amount of the investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of impairment loss resulting from write-down of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of reporting units tested for impairment of goodwill. A reporting unit is an operating segment or one level below an operating segment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Percentage of fair value of reporting unit in excess of carrying amount. No definition available.
|
| X | ||||||||||
- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
- Details
|
Investments in Joint Ventures (Details) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | ||||
|---|---|---|---|---|---|---|
Jan. 07, 2014 |
Mar. 29, 2014 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
Sep. 30, 2013 |
|
| Investment in joint venture under equity method investment | ||||||
| Depreciation and amortization | $ 39.2 | $ 43.4 | $ 45.7 | |||
| SPX's equity earnings in EGS | $ 1.4 | 1.4 | $ 42.2 | |||
| EGS Electrical Group, LLC and Subsidiaries ("EGS") | ||||||
| Investment in joint venture under equity method investment | ||||||
| Percentage of interest held in joint venture | 44.50% | 44.50% | ||||
| Lag in including results in consolidated statements | 3 months | |||||
| Proceeds from sale of interest in joint venture | $ 574.1 | $ 574.1 | ||||
| Gain on sale of interest in joint venture | $ 491.2 | 491.2 | ||||
| Revenues | $ 517.5 | |||||
| Gross profit | 223.3 | |||||
| Income from continuing operations | 89.4 | |||||
| Net income | 89.4 | |||||
| Capital expenditures | 13.3 | |||||
| Depreciation and amortization | 11.0 | |||||
| Dividends received by SPX | 30.3 | |||||
| Undistributed earnings attributable to SPX Corporation | 20.0 | |||||
| SPX's equity earnings in EGS | $ 0.0 | $ 41.9 | ||||
| X | ||||||||||
- Definition Represents purchases of and capital improvements on property, plant and equipment (capital expenditures) reported by an equity method investee of the entity. No definition available.
|
| X | ||||||||||
- Definition The time lag before the results of operations of the equity method investment are included in the consolidated results of the reporting entity. No definition available.
|
| X | ||||||||||
- Definition The undistributed earnings of an equity method investment that are allocated to the entity. No definition available.
|
| X | ||||||||||
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition This item represents disclosure of the amount of dividends or other distributions received from unconsolidated subsidiaries, certain corporate joint ventures, and certain noncontrolled corporation; these investments are accounted for under the equity method of accounting. This element excludes distributions that constitute a return of investment, which are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition This item represents the amount of net sales proceeds received on disposal of an equity method investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of an equity method investment. No definition available.
|
| X | ||||||||||
- Definition The amount of gross profit (loss) reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of income (loss) from continuing operations before extraordinary items reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of net income (loss) reported by an equity method investment of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of revenue from sale of goods and services reduced by sales returns, allowances, and discounts reported by an equity method investment of the entity. No definition available.
|
| X | ||||||||||
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
Employee Benefit Plans (Details) £ in Millions, shares in Millions, $ in Millions |
3 Months Ended | 12 Months Ended | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Jul. 14, 2015
USD ($)
|
Dec. 31, 2015
USD ($)
shares
|
Mar. 28, 2015
USD ($)
|
Dec. 31, 2014
USD ($)
retiree
shares
|
Dec. 31, 2014
GBP (£)
retiree
shares
|
Mar. 29, 2014
USD ($)
employee
|
Dec. 31, 2015
USD ($)
shares
|
Dec. 31, 2014
USD ($)
retiree
shares
|
Dec. 31, 2014
GBP (£)
retiree
shares
|
Dec. 31, 2013
USD ($)
retiree
|
||||||||||
| Employee benefit plans | |||||||||||||||||||
| Number of retirees assumed by third party for future pension payments | retiree | 16,000 | ||||||||||||||||||
| Amount paid for obligations assumed by third party | $ 4.8 | $ 663.7 | |||||||||||||||||
| Obligations assumed by third party | 609.0 | ||||||||||||||||||
| Settlement gain (loss) resulting from partial annuitization | 4.8 | $ 4.8 | |||||||||||||||||
| Number of eligible former employees intended to be offered with voluntary single lump-sum payment option in lieu of a future pension benefit | employee | 7,100 | ||||||||||||||||||
| Percentage of projected benefit obligation of the Plan settled as a result of lump-sum payments | 38.00% | ||||||||||||||||||
| Projected benefit obligation of the Plan settled as a result of lump-sum payments | $ 165.2 | ||||||||||||||||||
| Settlement charge | $ 4.6 | ||||||||||||||||||
| Actuarial loss | $ (12.0) | $ (14.8) | $ (80.6) | ||||||||||||||||
| Settlement charges | $ 15.0 | ||||||||||||||||||
| Pension plans | |||||||||||||||||||
| Employee benefit plans | |||||||||||||||||||
| Number of shares of common stock held by defined benefit plans | shares | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |||||||||||||
| Domestic Pension Plans | |||||||||||||||||||
| Employee benefit plans | |||||||||||||||||||
| Actuarial loss | $ 9.2 | $ (59.5) | |||||||||||||||||
| Settlement charges | [1] | 6.0 | $ 160.4 | ||||||||||||||||
| Amount of curtailment gain | $ 5.1 | ||||||||||||||||||
| Charge to net periodic pension benefit expense from remeasurement of assets and liabilities of US Plan and SIARP | $ 11.4 | ||||||||||||||||||
| Actual Allocations (as a percent) | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | |||||||||||||
| Mid-point of Target Allocation Range (as a percent) | 100.00% | ||||||||||||||||||
| Domestic Pension Plans | Fixed income common trust funds | |||||||||||||||||||
| Employee benefit plans | |||||||||||||||||||
| Actual Allocations (as a percent) | 54.00% | 53.00% | 53.00% | 54.00% | 53.00% | 53.00% | |||||||||||||
| Mid-point of Target Allocation Range (as a percent) | 49.00% | ||||||||||||||||||
| Domestic Pension Plans | Commingled global fund allocation | |||||||||||||||||||
| Employee benefit plans | |||||||||||||||||||
| Actual Allocations (as a percent) | 16.00% | 12.00% | 12.00% | 16.00% | 12.00% | 12.00% | |||||||||||||
| Mid-point of Target Allocation Range (as a percent) | 18.00% | ||||||||||||||||||
| Domestic Pension Plans | Corporate bonds | |||||||||||||||||||
| Employee benefit plans | |||||||||||||||||||
| Actual Allocations (as a percent) | 13.00% | 12.00% | 12.00% | 13.00% | 12.00% | 12.00% | |||||||||||||
| Mid-point of Target Allocation Range (as a percent) | 12.00% | ||||||||||||||||||
| Domestic Pension Plans | Global equity common trust funds | |||||||||||||||||||
| Employee benefit plans | |||||||||||||||||||
| Actual Allocations (as a percent) | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | 11.00% | |||||||||||||
| Mid-point of Target Allocation Range (as a percent) | 10.00% | ||||||||||||||||||
| Domestic Pension Plans | Global equities | |||||||||||||||||||
| Employee benefit plans | |||||||||||||||||||
| Actual Allocations (as a percent) | 0.00% | 4.00% | 4.00% | 0.00% | 4.00% | 4.00% | |||||||||||||
| Mid-point of Target Allocation Range (as a percent) | 5.00% | ||||||||||||||||||
| Domestic Pension Plans | U.S. Government securities | |||||||||||||||||||
| Employee benefit plans | |||||||||||||||||||
| Actual Allocations (as a percent) | 3.00% | 4.00% | 4.00% | 3.00% | 4.00% | 4.00% | |||||||||||||
| Mid-point of Target Allocation Range (as a percent) | 4.00% | ||||||||||||||||||
| Domestic Pension Plans | Short-term investments | |||||||||||||||||||
| Employee benefit plans | |||||||||||||||||||
| Actual Allocations (as a percent) | [2] | 2.00% | 3.00% | 3.00% | 2.00% | 3.00% | 3.00% | ||||||||||||
| Mid-point of Target Allocation Range (as a percent) | [2] | 0.00% | |||||||||||||||||
| Domestic Pension Plans | Other | |||||||||||||||||||
| Employee benefit plans | |||||||||||||||||||
| Actual Allocations (as a percent) | [3] | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% | ||||||||||||
| Mid-point of Target Allocation Range (as a percent) | [3] | 2.00% | |||||||||||||||||
| Foreign Pension Plans | |||||||||||||||||||
| Employee benefit plans | |||||||||||||||||||
| Number of retirees assumed by third party for future pension payments | retiree | 900 | 900 | 900 | 900 | |||||||||||||||
| Amount paid for obligations assumed by third party | $ 123.3 | £ 79.2 | $ 123.3 | £ 79.2 | |||||||||||||||
| Obligations assumed by third party | $ 105.8 | £ 68.0 | |||||||||||||||||
| Actuarial loss | $ 6.1 | (55.3) | |||||||||||||||||
| Settlement charges | [1] | $ 0.0 | $ 127.7 | ||||||||||||||||
| Actual Allocations (as a percent) | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | |||||||||||||
| Mid-point of Target Allocation Range (as a percent) | 100.00% | ||||||||||||||||||
| Foreign Pension Plans | Fixed income common trust funds | |||||||||||||||||||
| Employee benefit plans | |||||||||||||||||||
| Actual Allocations (as a percent) | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | |||||||||||||
| Mid-point of Target Allocation Range (as a percent) | 31.00% | ||||||||||||||||||
| Foreign Pension Plans | Global equity common trust funds | |||||||||||||||||||
| Employee benefit plans | |||||||||||||||||||
| Actual Allocations (as a percent) | 35.00% | 71.00% | 71.00% | 35.00% | 71.00% | 71.00% | |||||||||||||
| Mid-point of Target Allocation Range (as a percent) | 45.00% | ||||||||||||||||||
| Foreign Pension Plans | Non-U.S. Government securities | |||||||||||||||||||
| Employee benefit plans | |||||||||||||||||||
| Actual Allocations (as a percent) | 17.00% | 15.00% | 15.00% | 17.00% | 15.00% | 15.00% | |||||||||||||
| Mid-point of Target Allocation Range (as a percent) | 23.00% | ||||||||||||||||||
| Foreign Pension Plans | Short-term investments | |||||||||||||||||||
| Employee benefit plans | |||||||||||||||||||
| Actual Allocations (as a percent) | [4] | 40.00% | 6.00% | 6.00% | 40.00% | 6.00% | 6.00% | ||||||||||||
| Mid-point of Target Allocation Range (as a percent) | [4] | 1.00% | |||||||||||||||||
| Postretirement Plans | |||||||||||||||||||
| Employee benefit plans | |||||||||||||||||||
| Actuarial loss | $ 4.0 | $ (14.2) | |||||||||||||||||
| Settlement charges | $ 1.8 | $ 0.0 | |||||||||||||||||
| |||||||||||||||||||
| X | ||||||||||
- Definition Represents the amount of pension obligations assumed by third party. No definition available.
|
| X | ||||||||||
- Definition Represents the amount paid for the obligations assumed by third party. No definition available.
|
| X | ||||||||||
- Definition Amount of settlement charge incurred for voluntary lump-sum payment. No definition available.
|
| X | ||||||||||
- Definition Represents the settlement gain (loss) resulting from partial annuitization. No definition available.
|
| X | ||||||||||
- Definition Represents the number of eligible former employees intended to be offered with voluntary single lump-sum payment option in lieu of a future pension benefit under the Plan during a designated election period. No definition available.
|
| X | ||||||||||
- Definition Represents the number of retirees that are being irrevocably assumed by third party through the transfer of retiree pension. No definition available.
|
| X | ||||||||||
- Definition Represents the percentage of projected benefit obligation settled as a result of lump-sum payments during the period. No definition available.
|
| X | ||||||||||
- Definition Represents the amount of projected benefit obligation settled as a result of lump-sum payments during the period. No definition available.
|
| X | ||||||||||
- Definition Represents the number of shares of common stock held by defined benefit plans. No definition available.
|
| X | ||||||||||
- Definition Amount of gain (loss) related to change in benefit obligation resulting from changes in actuarial assumptions, for example, but not limited to, interest, mortality, employee turnover, salary, and temporary deviation from the substantive plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of gains or losses recognized in net periodic benefit cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition The amount of net gain (loss) recognized in net periodic benefit cost as a result of an event that significantly reduces the expected years of future service of present employees or eliminates for a significant number of employees the accrual of defined benefits for some or all of their future services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of decrease that relates to an irrevocable action that relieves the employer (or the plan) of primary responsibility for a benefit obligation and eliminates significant risks related to the obligation and the assets used to effect the settlement. Examples of transactions that constitute a settlement include (a) making lump-sum cash payments to plan participants in exchange for their rights to receive specified benefits and (b) purchasing nonparticipating annuity contracts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Target allocation of investments of this type to total plan assets presented on a weighted average basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Percentage of fair value of investments (categorized by debt securities, equity securities, real estate and other plan assets) to the fair value of plan assets held. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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Employee Benefit Plans (Details 2) $ in Millions |
12 Months Ended | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2015
USD ($)
$ / item
|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2013
USD ($)
|
||||||||||||
| Short-term investments | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Value of short-term investments (in dollars per unit) | $ / item | 1.00 | |||||||||||||
| Pension plans | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | $ 442.7 | $ 492.4 | ||||||||||||
| Pension plans | Fixed income common trust funds | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | [1] | 163.4 | 178.2 | |||||||||||
| Transfers from Level 1 to Level 2 | 44.8 | 48.5 | ||||||||||||
| Pension plans | Corporate bonds | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 36.0 | 36.5 | ||||||||||||
| Pension plans | Non-U.S. Government securities | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 27.4 | 12.0 | ||||||||||||
| Pension plans | U.S. Government securities | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 8.8 | 28.5 | ||||||||||||
| Pension plans | Global equity common trust funds | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | [2] | 89.0 | 162.8 | |||||||||||
| Pension plans | Global equity securities: Finance | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 2.1 | |||||||||||||
| Pension plans | Global equity securities: Capital equipment | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 1.9 | |||||||||||||
| Pension plans | Global equity securities: Consumer goods | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 1.7 | |||||||||||||
| Pension plans | Global equity securities: Materials | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 1.6 | |||||||||||||
| Pension plans | Global equity securities: Services | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.8 | |||||||||||||
| Pension plans | Global equity securities: Energy | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.2 | |||||||||||||
| Pension plans | Miscellaneous | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 4.6 | |||||||||||||
| Pension plans | Commingled global fund allocation | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | [3] | 45.4 | 36.3 | |||||||||||
| Pension plans | Short-term investments | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | [4] | 71.7 | 19.7 | |||||||||||
| Pension plans | Other | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | [5] | 1.0 | 5.5 | |||||||||||
| Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension plans | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 63.8 | 122.0 | ||||||||||||
| Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension plans | Fixed income common trust funds | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | [1] | 13.2 | 15.1 | |||||||||||
| Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension plans | Corporate bonds | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.0 | 36.5 | ||||||||||||
| Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension plans | Non-U.S. Government securities | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.0 | 12.0 | ||||||||||||
| Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension plans | U.S. Government securities | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.0 | 0.0 | ||||||||||||
| Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension plans | Global equity common trust funds | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | [2] | 13.6 | 15.0 | |||||||||||
| Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension plans | Global equity securities: Finance | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 2.1 | |||||||||||||
| Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension plans | Global equity securities: Capital equipment | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 1.9 | |||||||||||||
| Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension plans | Global equity securities: Consumer goods | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 1.7 | |||||||||||||
| Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension plans | Global equity securities: Materials | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 1.6 | |||||||||||||
| Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension plans | Global equity securities: Services | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.8 | |||||||||||||
| Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension plans | Global equity securities: Energy | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.2 | |||||||||||||
| Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension plans | Miscellaneous | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 4.6 | |||||||||||||
| Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension plans | Commingled global fund allocation | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | [3] | 22.8 | 10.5 | |||||||||||
| Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension plans | Short-term investments | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | [4] | 14.2 | 19.7 | |||||||||||
| Quoted Prices in Active Markets for Identical Assets (Level 1) | Pension plans | Other | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | [5] | 0.0 | 0.3 | |||||||||||
| Significant Observable Inputs (Level 2) | Securities collateralized | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 5.5 | 7.0 | ||||||||||||
| Significant Observable Inputs (Level 2) | Pension plans | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 377.9 | 360.3 | ||||||||||||
| Significant Observable Inputs (Level 2) | Pension plans | Fixed income common trust funds | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | [1] | 150.2 | 163.1 | |||||||||||
| Significant Observable Inputs (Level 2) | Pension plans | Corporate bonds | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 36.0 | 0.0 | ||||||||||||
| Significant Observable Inputs (Level 2) | Pension plans | Non-U.S. Government securities | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 27.4 | 0.0 | ||||||||||||
| Significant Observable Inputs (Level 2) | Pension plans | U.S. Government securities | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 8.8 | 28.5 | ||||||||||||
| Significant Observable Inputs (Level 2) | Pension plans | Global equity common trust funds | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | [2] | 75.4 | 142.9 | |||||||||||
| Significant Observable Inputs (Level 2) | Pension plans | Global equity securities: Finance | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.0 | |||||||||||||
| Significant Observable Inputs (Level 2) | Pension plans | Global equity securities: Capital equipment | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.0 | |||||||||||||
| Significant Observable Inputs (Level 2) | Pension plans | Global equity securities: Consumer goods | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.0 | |||||||||||||
| Significant Observable Inputs (Level 2) | Pension plans | Global equity securities: Materials | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.0 | |||||||||||||
| Significant Observable Inputs (Level 2) | Pension plans | Global equity securities: Services | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.0 | |||||||||||||
| Significant Observable Inputs (Level 2) | Pension plans | Global equity securities: Energy | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.0 | |||||||||||||
| Significant Observable Inputs (Level 2) | Pension plans | Miscellaneous | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.0 | |||||||||||||
| Significant Observable Inputs (Level 2) | Pension plans | Commingled global fund allocation | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | [3] | 22.6 | 25.8 | |||||||||||
| Significant Observable Inputs (Level 2) | Pension plans | Short-term investments | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | [4] | 57.5 | 0.0 | |||||||||||
| Significant Observable Inputs (Level 2) | Pension plans | Other | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | [5] | 0.0 | 0.0 | |||||||||||
| Significant Unobservable Inputs (Level 3) | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 1.0 | 10.1 | $ 13.2 | |||||||||||
| Significant Unobservable Inputs (Level 3) | Fixed income common trust funds | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.0 | 0.0 | 0.0 | |||||||||||
| Significant Unobservable Inputs (Level 3) | Global equity common trust funds | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.0 | 4.9 | 6.8 | |||||||||||
| Significant Unobservable Inputs (Level 3) | Commingled global fund allocation | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.0 | 0.0 | 0.0 | |||||||||||
| Significant Unobservable Inputs (Level 3) | Other | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 1.0 | 5.2 | $ 6.4 | |||||||||||
| Significant Unobservable Inputs (Level 3) | Pension plans | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 1.0 | 10.1 | ||||||||||||
| Significant Unobservable Inputs (Level 3) | Pension plans | Fixed income common trust funds | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | [1] | 0.0 | 0.0 | |||||||||||
| Significant Unobservable Inputs (Level 3) | Pension plans | Corporate bonds | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.0 | 0.0 | ||||||||||||
| Significant Unobservable Inputs (Level 3) | Pension plans | Non-U.S. Government securities | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.0 | 0.0 | ||||||||||||
| Significant Unobservable Inputs (Level 3) | Pension plans | U.S. Government securities | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.0 | 0.0 | ||||||||||||
| Significant Unobservable Inputs (Level 3) | Pension plans | Global equity common trust funds | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | [2] | 0.0 | 4.9 | |||||||||||
| Significant Unobservable Inputs (Level 3) | Pension plans | Global equity securities: Finance | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.0 | |||||||||||||
| Significant Unobservable Inputs (Level 3) | Pension plans | Global equity securities: Capital equipment | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.0 | |||||||||||||
| Significant Unobservable Inputs (Level 3) | Pension plans | Global equity securities: Consumer goods | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.0 | |||||||||||||
| Significant Unobservable Inputs (Level 3) | Pension plans | Global equity securities: Materials | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.0 | |||||||||||||
| Significant Unobservable Inputs (Level 3) | Pension plans | Global equity securities: Services | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.0 | |||||||||||||
| Significant Unobservable Inputs (Level 3) | Pension plans | Global equity securities: Energy | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.0 | |||||||||||||
| Significant Unobservable Inputs (Level 3) | Pension plans | Miscellaneous | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | 0.0 | |||||||||||||
| Significant Unobservable Inputs (Level 3) | Pension plans | Commingled global fund allocation | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | [3] | 0.0 | 0.0 | |||||||||||
| Significant Unobservable Inputs (Level 3) | Pension plans | Short-term investments | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | [4] | 0.0 | 0.0 | |||||||||||
| Significant Unobservable Inputs (Level 3) | Pension plans | Other | ||||||||||||||
| Employee benefit plans | ||||||||||||||
| Fair value of plan assets | [5] | $ 1.0 | $ 5.2 | |||||||||||
| ||||||||||||||
| X | ||||||||||
- Definition Represents the per unit value of the investment. No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of transfers of assets measured on a recurring basis out of Level 1 of the fair value hierarchy into Level 2. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Employee Benefit Plans (Details 3) - Significant Unobservable Inputs (Level 3) - USD ($) $ in Millions |
12 Months Ended | |
|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
|
| Changes in the fair value of Level 3 assets | ||
| Fair value of plan assets — beginning of year | $ 10.1 | $ 13.2 |
| Unrealized gains (losses) relating to instruments still held at period end | 0.2 | |
| Transfers from Level 3 to Level 2 assets | (4.9) | |
| Sales | (0.1) | (3.3) |
| Fair value of plan assets — end of year | 1.0 | 10.1 |
| Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | SPX Flow, Inc | ||
| Changes in the fair value of Level 3 assets | ||
| Spin-Off of SPX FLOW | (4.1) | |
| Global equity common trust funds | ||
| Changes in the fair value of Level 3 assets | ||
| Fair value of plan assets — beginning of year | 4.9 | 6.8 |
| Unrealized gains (losses) relating to instruments still held at period end | 0.2 | |
| Transfers from Level 3 to Level 2 assets | (4.9) | |
| Sales | 0.0 | (2.1) |
| Fair value of plan assets — end of year | 0.0 | 4.9 |
| Global equity common trust funds | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | SPX Flow, Inc | ||
| Changes in the fair value of Level 3 assets | ||
| Spin-Off of SPX FLOW | 0.0 | |
| Commingled global fund allocation | ||
| Changes in the fair value of Level 3 assets | ||
| Fair value of plan assets — beginning of year | 0.0 | 0.0 |
| Unrealized gains (losses) relating to instruments still held at period end | 0.0 | |
| Transfers from Level 3 to Level 2 assets | 0.0 | |
| Sales | 0.0 | 0.0 |
| Fair value of plan assets — end of year | 0.0 | 0.0 |
| Commingled global fund allocation | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | SPX Flow, Inc | ||
| Changes in the fair value of Level 3 assets | ||
| Spin-Off of SPX FLOW | 0.0 | |
| Fixed income common trust funds | ||
| Changes in the fair value of Level 3 assets | ||
| Fair value of plan assets — beginning of year | 0.0 | 0.0 |
| Unrealized gains (losses) relating to instruments still held at period end | 0.0 | |
| Transfers from Level 3 to Level 2 assets | 0.0 | |
| Sales | 0.0 | 0.0 |
| Fair value of plan assets — end of year | 0.0 | 0.0 |
| Fixed income common trust funds | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | SPX Flow, Inc | ||
| Changes in the fair value of Level 3 assets | ||
| Spin-Off of SPX FLOW | 0.0 | |
| Other | ||
| Changes in the fair value of Level 3 assets | ||
| Fair value of plan assets — beginning of year | 5.2 | 6.4 |
| Unrealized gains (losses) relating to instruments still held at period end | 0.0 | |
| Transfers from Level 3 to Level 2 assets | 0.0 | |
| Sales | (0.1) | (1.2) |
| Fair value of plan assets — end of year | 1.0 | $ 5.2 |
| Other | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | SPX Flow, Inc | ||
| Changes in the fair value of Level 3 assets | ||
| Spin-Off of SPX FLOW | $ (4.1) | |
| X | ||||||||||
- Definition The decrease in plan assets attributed to the sale of investments. No definition available.
|
| X | ||||||||||
- Definition Actual return on plan assets, separately identifying the amount related to assets still held at the reporting date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Definition The amount of decrease in the plan assets attributed to the sale, liquidation, spin-off or other divestiture of a corporate division or subsidiary. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Transfers in and out of Level 3. For example, transfers due to changes in the observability of significant inputs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
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| X | ||||||||||
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| X | ||||||||||
- Details
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Employee Benefit Plans (Details 4) $ in Millions |
12 Months Ended |
|---|---|
|
Dec. 31, 2015
USD ($)
| |
| Domestic Pension Plans | |
| Employee benefit plans | |
| Employer contributions | $ 0.0 |
| Estimated future benefit payments, net of subsidies: | |
| 2016 | 55.7 |
| 2017 | 22.0 |
| 2018 | 22.2 |
| 2019 | 21.9 |
| 2020 | 23.5 |
| Subsequent five years | 111.7 |
| Non-qualified pension plans | |
| Employee benefit plans | |
| Employer contributions | 12.3 |
| Expected minimum required funding contributions in 2015 | 9.8 |
| Foreign Pension Plans | |
| Employee benefit plans | |
| Employer contributions | 6.3 |
| Expected minimum required funding contributions in 2015 | 2.2 |
| Direct benefit, net of federal subsidies paid to unfunded plan | 2.3 |
| Expected direct benefit payments in next fiscal year | 0.3 |
| Estimated future benefit payments, net of subsidies: | |
| 2016 | 4.6 |
| 2017 | 5.0 |
| 2018 | 5.6 |
| 2019 | 6.5 |
| 2020 | 6.4 |
| Subsequent five years | 34.6 |
| Foreign Pension Plans | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | SPX Flow, Inc | |
| Employee benefit plans | |
| Direct benefit, net of federal subsidies paid to unfunded plan | 2.0 |
| Foreign Pension Plans | Discontinued operations | |
| Employee benefit plans | |
| Employer contributions | 5.6 |
| Expected minimum required funding contributions in 2015 | 1.8 |
| Postretirement Plans | |
| Employee benefit plans | |
| Direct benefit, net of federal subsidies paid to unfunded plan | 9.4 |
| Plan assets | 0.0 |
| Amount of federal subsidies | 0.2 |
| Estimated future benefit payments, net of subsidies: | |
| 2016 | 12.3 |
| 2017 | 11.6 |
| 2018 | 11.0 |
| 2019 | 10.4 |
| 2020 | 9.8 |
| Subsequent five years | 39.5 |
| Postretirement Subsidies | |
| 2016 | 0.5 |
| 2017 | 0.5 |
| 2018 | 0.5 |
| 2019 | 0.5 |
| 2020 | 0.5 |
| Subsequent five years | $ 2.0 |
| X | ||||||||||
- Definition The employer's best estimate, as soon as it can be reasonably determined, of direct benefits expected to be paid during the next fiscal year beginning after the date of the latest statement of financial position. No definition available.
|
| X | ||||||||||
- Definition The amount of direct payments made, net of subsidies, for which participants are entitled under a unfunded pension plan, including pension benefits, death benefits, and benefits due on termination of employment. No definition available.
|
| X | ||||||||||
- Definition This represents the entire assets recognized in the balance sheet that are associated with the defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The increase in the fair value of plan assets from contributions made by the employer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of benefits from a defined benefit plan expected to be paid in the five fiscal years after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of benefits from a defined benefit plan expected to be paid in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of benefits from a defined benefit plan expected to be paid in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of benefits from a defined benefit plan expected to be paid in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of benefits from a defined benefit plan expected to be paid in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of benefits from a defined benefit plan expected to be paid in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of the period's gross receipts received from the prescription drug subsidy, which is to be used in the roll forward of the accumulated postretirement benefit obligation of an applicable postretirement benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of employer's best estimate of contributions expected to be paid to the plan during the next fiscal year beginning after the date of the latest statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of the prescription drug subsidy receipts to be received after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of the prescription drug subsidy receipts to be received in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of the prescription drug subsidy receipts to be received in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of the prescription drug subsidy receipts to be received in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of the prescription drug subsidy receipts to be received in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of the prescription drug subsidy receipts to be received in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
|
Employee Benefit Plans (Details 5) £ in Millions, $ in Millions |
3 Months Ended | 12 Months Ended | ||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2015
USD ($)
|
Mar. 28, 2015
USD ($)
|
Mar. 28, 2015
GBP (£)
|
Dec. 31, 2014
USD ($)
retiree
|
Dec. 31, 2014
GBP (£)
retiree
|
Mar. 29, 2014
USD ($)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2014
USD ($)
retiree
|
Dec. 31, 2014
GBP (£)
retiree
|
Dec. 31, 2013
USD ($)
retiree
|
|||||||||||||||||
| Change in projected benefit obligation: | ||||||||||||||||||||||||||
| Actuarial losses (gains) | $ 12.0 | $ 14.8 | $ 80.6 | |||||||||||||||||||||||
| Settlements | $ (15.0) | |||||||||||||||||||||||||
| Amount paid for obligations assumed by third party | 4.8 | $ 663.7 | ||||||||||||||||||||||||
| Number of retirees assumed by third party for future pension payments | retiree | 16,000 | |||||||||||||||||||||||||
| Projected benefit obligation of the Plan settled as a result of lump-sum payments | $ 165.2 | |||||||||||||||||||||||||
| Change in plan assets: | ||||||||||||||||||||||||||
| Settlements | (15.0) | |||||||||||||||||||||||||
| Pension plans | ||||||||||||||||||||||||||
| Employee benefit plans | ||||||||||||||||||||||||||
| Non-funded plan, current underfunded status | 85.7 | $ 85.7 | ||||||||||||||||||||||||
| Change in plan assets: | ||||||||||||||||||||||||||
| Fair value of plan assets — beginning of year | 492.4 | 492.4 | ||||||||||||||||||||||||
| Fair value of plan assets — end of year | 442.7 | 492.4 | 442.7 | 492.4 | ||||||||||||||||||||||
| Domestic Pension Plans | ||||||||||||||||||||||||||
| Change in projected benefit obligation: | ||||||||||||||||||||||||||
| Projected benefit obligation — beginning of year | 455.3 | [1] | 568.8 | 455.3 | [1] | 568.8 | ||||||||||||||||||||
| Service cost | 2.5 | 7.1 | $ 7.6 | |||||||||||||||||||||||
| Interest cost | 16.5 | 19.9 | 45.6 | |||||||||||||||||||||||
| Employee contributions | 0.0 | 0.0 | ||||||||||||||||||||||||
| Actuarial losses (gains) | (9.2) | 59.5 | ||||||||||||||||||||||||
| Settlements | [2] | (6.0) | (160.4) | |||||||||||||||||||||||
| Curtailment gain | [3] | (5.1) | 0.0 | |||||||||||||||||||||||
| Transfer to SPX FLOW of the life insurance obligations related to SPX FLOW executive officers | [4] | (64.5) | 0.0 | |||||||||||||||||||||||
| Plan amendment | (0.9) | 0.0 | ||||||||||||||||||||||||
| Benefits paid | (17.5) | (39.6) | ||||||||||||||||||||||||
| Foreign exchange and other | 0.0 | 0.0 | ||||||||||||||||||||||||
| Projected benefit obligation — end of year | 371.1 | [1] | 455.3 | [1] | 371.1 | [1] | 455.3 | [1] | 568.8 | |||||||||||||||||
| Change in plan assets: | ||||||||||||||||||||||||||
| Fair value of plan assets — beginning of year | 305.7 | 467.3 | 305.7 | 467.3 | ||||||||||||||||||||||
| Actual return on plan assets | (15.3) | 28.1 | ||||||||||||||||||||||||
| Contributions (employer and employee) | 12.3 | 10.3 | ||||||||||||||||||||||||
| Settlements | [2] | (6.0) | (160.4) | |||||||||||||||||||||||
| Benefits paid | (17.5) | (39.6) | ||||||||||||||||||||||||
| Foreign exchange and other | 0.0 | 0.0 | ||||||||||||||||||||||||
| Fair value of plan assets — end of year | 279.2 | 305.7 | 279.2 | 305.7 | 467.3 | |||||||||||||||||||||
| Funded status at year-end | (91.9) | (149.6) | (91.9) | (149.6) | ||||||||||||||||||||||
| Amounts recognized in the consolidated balance sheets consist of: | ||||||||||||||||||||||||||
| Other assets | 0.0 | 3.3 | 0.0 | 3.3 | ||||||||||||||||||||||
| Accrued expenses | (9.6) | (10.3) | (9.6) | (10.3) | ||||||||||||||||||||||
| Other long-term liabilities | (82.3) | (80.6) | (82.3) | (80.6) | ||||||||||||||||||||||
| Net amount recognized | (91.9) | (149.6) | (91.9) | (149.6) | ||||||||||||||||||||||
| Amount recognized in accumulated other comprehensive income (pre-tax) consists of: | ||||||||||||||||||||||||||
| Net prior service credits | (0.9) | (0.2) | (0.9) | (0.2) | ||||||||||||||||||||||
| Domestic Pension Plans | Liabilities of Discontinued Operations - Current | ||||||||||||||||||||||||||
| Amounts recognized in the consolidated balance sheets consist of: | ||||||||||||||||||||||||||
| Accrued expenses | 0.0 | 0.0 | 0.0 | 0.0 | ||||||||||||||||||||||
| Domestic Pension Plans | Liabilities of Discontinued Operations - Non current | ||||||||||||||||||||||||||
| Amounts recognized in the consolidated balance sheets consist of: | ||||||||||||||||||||||||||
| Other long-term liabilities | 0.0 | (62.0) | 0.0 | (62.0) | ||||||||||||||||||||||
| Domestic Pension Plans | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | ||||||||||||||||||||||||||
| Change in projected benefit obligation: | ||||||||||||||||||||||||||
| Projected benefit obligation — beginning of year | 62.0 | 62.0 | ||||||||||||||||||||||||
| Projected benefit obligation — end of year | 62.0 | 62.0 | ||||||||||||||||||||||||
| Change in plan assets: | ||||||||||||||||||||||||||
| Spin-Off of SPX FLOW | 0.0 | 0.0 | ||||||||||||||||||||||||
| Domestic Pension Plans | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | Liabilities of Discontinued Operations - Non current | ||||||||||||||||||||||||||
| Change in projected benefit obligation: | ||||||||||||||||||||||||||
| Projected benefit obligation — beginning of year | 62.0 | 62.0 | ||||||||||||||||||||||||
| Projected benefit obligation — end of year | 62.0 | 62.0 | ||||||||||||||||||||||||
| Foreign Pension Plans | ||||||||||||||||||||||||||
| Change in projected benefit obligation: | ||||||||||||||||||||||||||
| Projected benefit obligation — beginning of year | 239.6 | [1] | 335.6 | 239.6 | [1] | 335.6 | ||||||||||||||||||||
| Service cost | 1.3 | 2.6 | 2.7 | |||||||||||||||||||||||
| Interest cost | 7.7 | 13.8 | 13.4 | |||||||||||||||||||||||
| Employee contributions | 0.0 | 0.1 | ||||||||||||||||||||||||
| Actuarial losses (gains) | (6.1) | 55.3 | ||||||||||||||||||||||||
| Settlements | [2] | 0.0 | (127.7) | |||||||||||||||||||||||
| Curtailment gain | [3] | 0.0 | 0.0 | |||||||||||||||||||||||
| Transfer to SPX FLOW of the life insurance obligations related to SPX FLOW executive officers | [4] | (60.1) | 0.0 | |||||||||||||||||||||||
| Plan amendment | 0.0 | (0.2) | ||||||||||||||||||||||||
| Benefits paid | (12.1) | (16.0) | ||||||||||||||||||||||||
| Foreign exchange and other | (14.6) | (23.9) | ||||||||||||||||||||||||
| Projected benefit obligation — end of year | 155.7 | [1] | 239.6 | [1] | 155.7 | [1] | 239.6 | [1] | 335.6 | |||||||||||||||||
| Amount paid for obligations assumed by third party | $ 123.3 | £ 79.2 | $ 123.3 | £ 79.2 | ||||||||||||||||||||||
| Number of retirees assumed by third party for future pension payments | retiree | 900 | 900 | 900 | 900 | ||||||||||||||||||||||
| Lump sum settlements paid to Plan participants | 4.4 | £ 2.8 | ||||||||||||||||||||||||
| Change in plan assets: | ||||||||||||||||||||||||||
| Fair value of plan assets — beginning of year | 186.7 | 303.1 | 186.7 | $ 303.1 | ||||||||||||||||||||||
| Actual return on plan assets | (0.8) | 32.9 | ||||||||||||||||||||||||
| Contributions (employer and employee) | 5.5 | 10.8 | ||||||||||||||||||||||||
| Settlements | [2] | 0.0 | (127.7) | |||||||||||||||||||||||
| Benefits paid | (12.1) | (16.0) | ||||||||||||||||||||||||
| Benefits paid | (9.1) | (12.8) | ||||||||||||||||||||||||
| Foreign exchange and other | (14.7) | (19.6) | ||||||||||||||||||||||||
| Fair value of plan assets — end of year | 163.5 | $ 186.7 | 163.5 | 186.7 | 303.1 | |||||||||||||||||||||
| Funded status at year-end | 7.8 | (52.9) | 7.8 | (52.9) | ||||||||||||||||||||||
| Amounts recognized in the consolidated balance sheets consist of: | ||||||||||||||||||||||||||
| Other assets | 15.2 | 15.6 | 15.2 | 15.6 | ||||||||||||||||||||||
| Accrued expenses | (0.3) | (0.3) | (0.3) | (0.3) | ||||||||||||||||||||||
| Other long-term liabilities | (7.1) | (8.8) | (7.1) | (8.8) | ||||||||||||||||||||||
| Net amount recognized | 7.8 | (52.9) | 7.8 | (52.9) | ||||||||||||||||||||||
| Amount recognized in accumulated other comprehensive income (pre-tax) consists of: | ||||||||||||||||||||||||||
| Net prior service credits | 0.0 | (0.2) | 0.0 | (0.2) | ||||||||||||||||||||||
| Foreign Pension Plans | Liabilities of Discontinued Operations - Current | ||||||||||||||||||||||||||
| Amounts recognized in the consolidated balance sheets consist of: | ||||||||||||||||||||||||||
| Accrued expenses | 0.0 | (2.1) | 0.0 | (2.1) | ||||||||||||||||||||||
| Foreign Pension Plans | Liabilities of Discontinued Operations - Non current | ||||||||||||||||||||||||||
| Amounts recognized in the consolidated balance sheets consist of: | ||||||||||||||||||||||||||
| Other long-term liabilities | 0.0 | (57.3) | 0.0 | (57.3) | ||||||||||||||||||||||
| Foreign Pension Plans | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | ||||||||||||||||||||||||||
| Change in projected benefit obligation: | ||||||||||||||||||||||||||
| Projected benefit obligation — beginning of year | 59.4 | 59.4 | ||||||||||||||||||||||||
| Projected benefit obligation — end of year | 59.4 | 59.4 | ||||||||||||||||||||||||
| Change in plan assets: | ||||||||||||||||||||||||||
| Spin-Off of SPX FLOW | (4.1) | 0.0 | ||||||||||||||||||||||||
| Foreign Pension Plans | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | Liabilities of Discontinued Operations - Non current | ||||||||||||||||||||||||||
| Change in projected benefit obligation: | ||||||||||||||||||||||||||
| Projected benefit obligation — beginning of year | 59.4 | 59.4 | ||||||||||||||||||||||||
| Projected benefit obligation — end of year | 59.4 | 59.4 | ||||||||||||||||||||||||
| Postretirement Plans | ||||||||||||||||||||||||||
| Change in projected benefit obligation: | ||||||||||||||||||||||||||
| Projected benefit obligation — beginning of year | $ 130.2 | [5] | $ 131.5 | 130.2 | [5] | 131.5 | ||||||||||||||||||||
| Service cost | 0.1 | 0.4 | 0.5 | |||||||||||||||||||||||
| Interest cost | 4.4 | 5.3 | 4.8 | |||||||||||||||||||||||
| Actuarial losses (gains) | (4.0) | 14.2 | ||||||||||||||||||||||||
| Settlements | (1.8) | 0.0 | ||||||||||||||||||||||||
| Plan amendment | 4.5 | (7.5) | ||||||||||||||||||||||||
| Benefits paid | (9.4) | (13.7) | ||||||||||||||||||||||||
| Projected benefit obligation — end of year | 120.8 | [5] | 130.2 | [5] | 120.8 | [5] | 130.2 | [5] | $ 131.5 | |||||||||||||||||
| Change in plan assets: | ||||||||||||||||||||||||||
| Settlements | (1.8) | 0.0 | ||||||||||||||||||||||||
| Benefits paid | (9.4) | (13.7) | ||||||||||||||||||||||||
| Funded status at year-end | (120.8) | (130.2) | (120.8) | (130.2) | ||||||||||||||||||||||
| Amounts recognized in the consolidated balance sheets consist of: | ||||||||||||||||||||||||||
| Accrued expenses | (12.0) | (12.6) | (12.0) | (12.6) | ||||||||||||||||||||||
| Other long-term liabilities | (108.8) | (114.5) | (108.8) | (114.5) | ||||||||||||||||||||||
| Net amount recognized | (120.8) | (130.2) | (120.8) | (130.2) | ||||||||||||||||||||||
| Amount recognized in accumulated other comprehensive income (pre-tax) consists of: | ||||||||||||||||||||||||||
| Net prior service credits | (6.7) | (7.5) | (6.7) | (7.5) | ||||||||||||||||||||||
| Postretirement Plans | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | ||||||||||||||||||||||||||
| Change in projected benefit obligation: | ||||||||||||||||||||||||||
| Transfer to SPX FLOW of the life insurance obligations related to SPX FLOW executive officers | (3.2) | 0.0 | ||||||||||||||||||||||||
| Postretirement Plans | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | Liabilities of Discontinued Operations - Non current | ||||||||||||||||||||||||||
| Amounts recognized in the consolidated balance sheets consist of: | ||||||||||||||||||||||||||
| Other long-term liabilities | [5] | $ 0.0 | (3.1) | $ 0.0 | (3.1) | |||||||||||||||||||||
| Executive officers | Life Insurance Obligations | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | Liabilities of Discontinued Operations - Non current | ||||||||||||||||||||||||||
| Amounts recognized in the consolidated balance sheets consist of: | ||||||||||||||||||||||||||
| Other long-term liabilities | $ 3.1 | $ 3.1 | ||||||||||||||||||||||||
| ||||||||||||||||||||||||||
| X | ||||||||||
- Definition Represents the amount paid for the obligations assumed by third party. No definition available.
|
| X | ||||||||||
- Definition The amount of payments made for foreign plans which participants are entitled under a pension plan, including pension benefits, death benefits, and benefits due on termination of employment. Also includes payments made under a postretirement benefit plan, including prescription drug benefits, health care benefits, life insurance benefits, and legal, educational and advisory services. This item represents a periodic decrease to the plan obligations and a decrease to plan assets. No definition available.
|
| X | ||||||||||
- Definition The increase in the fair value of plan assets from contributions made by the employer and plan participants. No definition available.
|
| X | ||||||||||
- Definition The amount of increase or decrease in the benefit obligation attributed to foreign currency changes and other changes in the benefit obligations. The effects of foreign currency exchange rate changes that are to be disclosed are those which are applicable to plans of a foreign operation whose functional currency is not the reporting currency. No definition available.
|
| X | ||||||||||
- Definition The amount of increase or decrease in the plan assets attributed to foreign currency changes and other changes. The effects of foreign currency exchange rate changes that are to be disclosed are those applicable to plans of a foreign operation whose functional currency is not the reporting currency. No definition available.
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| X | ||||||||||
- Definition The unfunded status is measured as the difference between the benefit obligation and the fair value of plan assets. Unfunded plans may include foreign pension plans and may also include other postretirement benefit plans. No definition available.
|
| X | ||||||||||
- Definition Represents the amount of lump sum settlements paid to Plan participants. No definition available.
|
| X | ||||||||||
- Definition Represents the number of retirees that are being irrevocably assumed by third party through the transfer of retiree pension. No definition available.
|
| X | ||||||||||
- Definition Represents the amount of projected benefit obligation settled as a result of lump-sum payments during the period. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount related to the pretax cost of benefit changes attributable to plan participants' prior service pursuant to a plan amendment or a plan initiation, which has not yet been recognized as components of net periodic benefit cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The difference between fair value of plan assets at the end of the period and the fair value at the beginning of the period, adjusted for contributions and payments of benefits during the period, and after adjusting for taxes and other expenses, as applicable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of gain (loss) related to change in benefit obligation resulting from changes in actuarial assumptions, for example, but not limited to, interest, mortality, employee turnover, salary, and temporary deviation from the substantive plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The aggregate net amount recognized in the balance sheet associated with the defined benefit plan(s). Will normally be the same as the Defined Benefit Plan, Funded Status of Plan, Total. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount for overfunded plans recognized in the balance sheet as a noncurrent asset associated with a defined benefit pension plan or other postretirement defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition 1) For defined benefit pension plans, the benefit obligation is the projected benefit obligation, which is the actuarial present value as of a date of all benefits attributed by the pension benefit formula to employee service rendered prior to that date. 2) For other postretirement defined benefit plans, the benefit obligation is the accumulated postretirement benefit obligation, which is the actuarial present value of benefits attributed to employee service rendered to a particular date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The amount of payments made for which participants are entitled under a pension plan, including pension benefits, death benefits, and benefits due on termination of employment. Also includes payments made under a postretirement benefit plan, including prescription drug benefits, health care benefits, life insurance benefits, and legal, educational and advisory services. This item represents a periodic decrease to the plan obligations and a decrease to plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Definition The amount of contributions made by plan participants. This item represents a periodic increase to the plan obligation and an increase to plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The amount of decrease that is related to an event that significantly reduces the expected years of future service of present employees or eliminates for a significant number of employees the accrual of defined benefits for some or all of their future services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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| X | ||||||||||
- Definition The amount of decrease in the plan benefit obligation attributed to the sale, liquidation, spin-off or other divestiture of a corporate division or subsidiary. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of decrease in the plan assets attributed to the sale, liquidation, spin-off or other divestiture of a corporate division or subsidiary. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The funded status is measured as the difference between the fair value of plan assets and the benefit obligation. Will normally be the same as the net Defined Benefit Plan, Amounts Recognized in Balance Sheet, Total. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of increase or decrease due to a change in the terms of an existing plan or the initiation of a new plan. A plan amendment may increase or decrease benefits, including those attributed to years of service already rendered. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The actuarial present value of benefits attributed by the pension benefit formula to services rendered by employees during the period. The portion of the expected postretirement benefit obligation attributed to employee service during the period. The service cost component is a portion of the benefit obligation and is unaffected by the funded status of the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of decrease that relates to an irrevocable action that relieves the employer (or the plan) of primary responsibility for a benefit obligation and eliminates significant risks related to the obligation and the assets used to effect the settlement. Examples of transactions that constitute a settlement include (a) making lump-sum cash payments to plan participants in exchange for their rights to receive specified benefits and (b) purchasing nonparticipating annuity contracts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition For a classified balance sheet, the amount recognized in balance sheet as a current liability associated with an underfunded defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition This represents the noncurrent liability for underfunded plans recognized in the balance sheet that is associated with the defined benefit pension plans and other postretirement defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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Employee Benefit Plans (Details 6) - USD ($) $ in Millions |
12 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
||||||||
| Domestic Pension Plans | ||||||||||
| Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets | ||||||||||
| Projected benefit obligation | $ 371.1 | $ 153.9 | ||||||||
| Accumulated benefit obligation | 370.8 | 151.0 | ||||||||
| Fair value of plan assets | 279.2 | 1.0 | ||||||||
| Accumulated benefit obligation | 370.8 | 442.9 | ||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost | ||||||||||
| Service cost | 2.5 | 7.1 | $ 7.6 | |||||||
| Interest cost | 16.5 | 19.9 | 45.6 | |||||||
| Expected return on plan assets | (18.0) | (19.5) | (73.2) | |||||||
| Amortization of unrecognized prior service credits | (0.1) | 0.0 | 0.0 | |||||||
| Recognized net actuarial (gains) losses | [1] | 18.9 | 50.9 | (3.3) | ||||||
| Total net periodic pension benefit expense (income) | $ 19.8 | $ 58.4 | $ (23.3) | |||||||
| Weighted-average actuarial assumptions used in determining net periodic pension expense: | ||||||||||
| Discount rate (as a percent) | 4.09% | 4.54% | 3.85% | |||||||
| Rate of increase in compensation levels (as a percent) | 3.75% | 3.75% | 3.75% | |||||||
| Expected long-term rate of return on assets (as a percent) | 5.75% | 6.76% | 7.25% | |||||||
| Weighted-average actuarial assumptions used in determining year-end benefit obligations: | ||||||||||
| Discount rate (as a percent) | 4.24% | 3.90% | 4.77% | |||||||
| Rate of increase in compensation levels (as a percent) | 3.75% | 3.75% | 3.75% | |||||||
| Foreign Pension Plans | ||||||||||
| Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets | ||||||||||
| Projected benefit obligation | $ 7.4 | $ 118.6 | ||||||||
| Accumulated benefit obligation | 7.4 | 115.4 | ||||||||
| Fair value of plan assets | 0.0 | 50.1 | ||||||||
| Accumulated benefit obligation | 155.7 | 236.0 | ||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost | ||||||||||
| Service cost | 1.3 | 2.6 | $ 2.7 | |||||||
| Interest cost | 7.7 | 13.8 | 13.4 | |||||||
| Expected return on plan assets | (9.7) | (17.6) | (17.6) | |||||||
| Settlement loss | [2] | 0.0 | 15.0 | 0.0 | ||||||
| Recognized net actuarial (gains) losses | [3] | 3.8 | 25.0 | 8.2 | ||||||
| Total net periodic pension benefit expense (income) | 3.1 | 38.8 | 6.7 | |||||||
| Less: Net periodic pension expense of discontinued operations | (1.9) | (10.7) | (2.1) | |||||||
| Net periodic pension benefit expense of continuing operations | $ 1.2 | $ 28.1 | $ 4.6 | |||||||
| Weighted-average actuarial assumptions used in determining net periodic pension expense: | ||||||||||
| Discount rate (as a percent) | 3.68% | 4.23% | 4.35% | |||||||
| Rate of increase in compensation levels (as a percent) | 4.00% | 3.92% | 3.91% | |||||||
| Expected long-term rate of return on assets (as a percent) | 5.81% | 5.78% | 6.45% | |||||||
| Weighted-average actuarial assumptions used in determining year-end benefit obligations: | ||||||||||
| Discount rate (as a percent) | 3.82% | 3.31% | 4.23% | |||||||
| Rate of increase in compensation levels (as a percent) | 4.00% | 3.87% | 3.92% | |||||||
| Postretirement Plans | ||||||||||
| Defined Benefit Plan, Net Periodic Benefit Cost | ||||||||||
| Service cost | $ 0.1 | $ 0.4 | $ 0.5 | |||||||
| Interest cost | 4.4 | 5.3 | 4.8 | |||||||
| Settlements | (1.8) | 0.0 | 0.0 | |||||||
| Amortization of unrecognized prior service credits | (0.8) | (0.3) | (1.4) | |||||||
| Recognized net actuarial (gains) losses | (4.0) | 14.2 | (7.8) | |||||||
| Total net periodic pension benefit expense (income) | $ (2.1) | $ 19.6 | $ (3.9) | |||||||
| Weighted-average actuarial assumptions used in determining net periodic pension expense: | ||||||||||
| Discount rate (as a percent) | 3.53% | 4.23% | 3.37% | |||||||
| Weighted-average actuarial assumptions used in determining year-end benefit obligations: | ||||||||||
| Discount rate (as a percent) | 3.88% | 3.55% | 4.23% | |||||||
| Assumed health care cost trend rates: | ||||||||||
| Heath care cost trend rate for next year (as a percent) | 6.60% | 6.79% | 6.98% | |||||||
| 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 | 2024 | 2024 | 2024 | |||||||
| 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 | $ 5.8 | |||||||||
| Effect of 1% decrease on total of service and interest costs | $ 5.1 | |||||||||
| ||||||||||
| X | ||||||||||
- Definition Represents the total amount of net periodic benefit cost (income) for defined benefit plans for the period related to discontinued operations. No definition available.
|
| X | ||||||||||
- Definition Represents the settlement charge related to partial annuitization. No definition available.
|
| X | ||||||||||
- Definition For continuing operations, the amount of pension and other (such as medical, dental and life insurance) postretirement benefit costs recognized during the period for defined benefit plans (periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain (loss) on assets, prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments). No definition available.
|
| X | ||||||||||
- Definition For defined benefit pension plans, the actuarial present value of benefits (whether vested or nonvested) attributed by the pension benefit formula to employee service rendered before a specified date and based on employee service and compensation (if applicable) before that date. The accumulated benefit obligation differs from the projected benefit obligation in that it includes no assumption about future compensation levels. For plans with flat-benefit or nonpay-related pension benefit formulas, the accumulated benefit obligation and the projected benefit obligation are the same. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The amount of the prior service cost or credit recognized in net periodic benefit cost relating to benefit changes attributable to plan participants' prior service pursuant to a plan amendment or a plan initiation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount before tax, after reclassification adjustments, of actuarial gain (loss) that has not been recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The interest rate used to adjust for the time value of money for the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Expected rate of compensation increases (for pay-related plans). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The interest rate used to adjust for the time value of money. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition An assumption as to the rate of return on plan assets reflecting the average rate of earnings expected on the funds invested or to be invested to provide for the benefits included in the benefit obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Expected rate of compensation increases (for pay-related plans). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of effect of a one-percentage-point decrease in the assumed health care cost trend rates on the aggregate of the service and interest cost components of net periodic postretirement health care benefit costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The effect of a one-percentage-point increase in the assumed health care cost trend rates on the aggregate of the service and interest cost components of net periodic postretirement health care benefit costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition An amount calculated as a basis for determining the extent of delayed recognition of the effects of changes in the fair value of assets. The expected return on plan assets is determined based on the expected long-term rate of return on plan assets and the market-related value of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The assumed health care cost trend rate for the next year used to measure the expected cost of benefits covered by the plan (gross eligible charges). This is based upon the annual rate of change in the cost of health care benefits currently provided by the postretirement benefit plan, due to factors other than changes in the composition of the plan population by age and dependency status. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The total amount of net periodic benefit cost for defined benefit plans for the period. Periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition If aggregate disclosures are presented, the aggregate pension accumulated benefit obligation for pension plans with accumulated benefit obligations in excess of plan assets as of the measurement date of each statement of financial position presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition If aggregate disclosures are presented, the aggregate fair value of plan assets for pension plans with accumulated benefit obligations in excess of plan assets as of the measurement date of each statement of financial position presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition If aggregate disclosures are presented, the aggregate projected benefit obligation for pension plans with accumulated benefit obligations in excess of plan assets as of the measurement date of each statement of financial position presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of net gain (loss) recognized in net periodic benefit cost as a result of an irrevocable action that relieves the employer (or the plan) of primary responsibility for a benefit obligation and eliminates significant risks related to the obligation and the assets used to effect the settlement. Examples of transactions that constitute a settlement include, but are not limited to, lump-sum cash payments to plan participants in exchange for their rights to receive specified benefits and purchasing nonparticipating annuity contracts to cover vested benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The actuarial present value of benefits attributed by the pension benefit formula to services rendered by employees during the period. The portion of the expected postretirement benefit obligation attributed to employee service during the period. The service cost component is a portion of the benefit obligation and is unaffected by the funded status of the plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The ultimate trend rate for health care costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Year the ultimate health care cost trend rate is expected to be reached, in CCYY format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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Employee Benefit Plans (Details 7) - USD ($) shares in Thousands, $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
|
| The DC Plan | |||
| Defined Contribution Retirement Plans | |||
| Maximum voluntary contribution by eligible U.S. employees as a percentage of their compensation | 50.00% | ||
| Number of shares contributed | 434 | 167 | 206 |
| Compensation expense | $ 10.2 | $ 10.3 | $ 9.4 |
| Supplemental Retirement Savings Plan (SRSP) | |||
| Defined Contribution Retirement Plans | |||
| Compensation expense | 0.7 | 0.6 | $ 0.3 |
| Supplemental Retirement Savings Plan (SRSP) | Quoted Prices in Active Markets for Identical Assets (Level 1) | |||
| Defined Contribution Retirement Plans | |||
| Fair value of assets | $ 20.0 | $ 26.0 | |
| X | ||||||||||
- Definition Defined Contribution Plan, Fair Value of Plan Assets No definition available.
|
| X | ||||||||||
- Definition Represents the number of shares contributed by the entity under the defined contribution plan. No definition available.
|
| X | ||||||||||
- Definition The amount of the cost recognized during the period for defined contribution plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Maximum percentage of employee gross pay the employee may contribute to a defined contribution plan. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
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| X | ||||||||||
- Details
|
Income Taxes (Details) - USD ($) $ in Millions |
12 Months Ended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
|||||||||
| Income (loss) from continuing operations: | |||||||||||
| United States | $ (14.2) | $ 366.2 | $ 23.2 | ||||||||
| Foreign | (188.8) | (110.4) | (33.7) | ||||||||
| Income (loss) from continuing operations before income taxes | (203.0) | 255.8 | (10.5) | ||||||||
| Current: | |||||||||||
| United States | 10.9 | (200.1) | 116.2 | ||||||||
| Foreign | (3.3) | (16.5) | 11.6 | ||||||||
| Total current | 7.6 | (216.6) | 127.8 | ||||||||
| Deferred and other: | |||||||||||
| United States | (10.7) | 95.7 | (118.1) | ||||||||
| Foreign | 14.9 | (18.8) | 10.3 | ||||||||
| Total deferred and other | 4.2 | 76.9 | (107.8) | ||||||||
| Total (provision) benefit | $ 11.8 | $ (139.7) | $ 20.0 | ||||||||
| Reconciliation of the U.S. federal statutory tax rate to effective income tax rate | |||||||||||
| Tax at U.S. federal statutory rate (as a percent) | 35.00% | 35.00% | 35.00% | ||||||||
| State and local taxes, net of U.S. federal benefit (as a percent) | (0.10%) | 2.70% | 7.20% | ||||||||
| U.S. credits and exemptions (as a percent) | 1.20% | (1.30%) | 55.00% | ||||||||
| Foreign earnings taxed at lower rates (as a percent) | (10.60%) | 9.40% | (6.10%) | ||||||||
| Audit settlements with taxing authorities (as a percent) | 0.50% | (4.60%) | 3.90% | ||||||||
| Adjustments to uncertain tax positions (as a percent) | (4.20%) | (1.60%) | 10.50% | ||||||||
| Changes in valuation allowance (as a percent) | (14.40%) | 13.20% | 50.90% | ||||||||
| Tax on distributions of foreign earnings (as a percent) | (0.20%) | 4.40% | 18.30% | ||||||||
| Goodwill impairment and basis adjustments (as a percent) | (1.80%) | (2.40%) | 11.40% | ||||||||
| Other (as a percent) | 0.40% | (0.20%) | 4.40% | ||||||||
| Effective income tax rate (as a percentage) | 5.80% | 54.60% | 190.50% | ||||||||
| Deferred tax assets: | |||||||||||
| NOL and credit carryforwards | $ 85.3 | $ 266.2 | [1] | ||||||||
| Pension, other postretirement and postemployment benefits | 80.3 | 116.9 | [1] | ||||||||
| Payroll and compensation | 28.8 | 67.5 | [1] | ||||||||
| Legal, environmental and self-insurance accruals | 40.6 | 45.8 | [1] | ||||||||
| Working capital accruals | 15.8 | 34.7 | [1] | ||||||||
| Other | 21.1 | 49.5 | [1] | ||||||||
| Total deferred tax assets | 271.9 | 580.6 | [1] | ||||||||
| Valuation allowance | (70.9) | (152.9) | [1] | ||||||||
| Net deferred tax assets | 201.0 | 427.7 | [1] | ||||||||
| Deferred tax liabilities: | |||||||||||
| Intangible assets recorded in acquisitions | 81.6 | 277.3 | [1] | ||||||||
| Basis difference in affiliates | 10.3 | 187.5 | [1] | ||||||||
| Accelerated depreciation | 38.9 | 64.8 | [1] | ||||||||
| Other | 23.6 | 36.5 | [1] | ||||||||
| Total deferred tax liabilities | 154.4 | 566.1 | [1] | ||||||||
| Total deferred tax assets | 46.6 | ||||||||||
| Total deferred tax liabilities | [1] | (138.4) | |||||||||
| Deferred and other income taxes | 55.2 | 69.1 | [2] | ||||||||
| Restatement Adjustment | |||||||||||
| Deferred tax liabilities: | |||||||||||
| Deferred and other income taxes | [3] | $ 1.3 | |||||||||
| Discontinued operations | |||||||||||
| Deferred tax liabilities: | |||||||||||
| Total deferred tax liabilities | $ (143.9) | ||||||||||
| |||||||||||
| X | ||||||||||
- Definition The tax effects as of the balance sheet date of the amount of excesses of tax deductions over taxable income in a year which cannot be used on the tax returns in the current year but may be carried forward to reduce taxable income or income taxes payable in a future year in certain jurisdictions and the tax effects arising from all unused tax credits available to reduce taxable income or income taxes payable in a future year, for which there must be sufficient tax-basis income to utilize a portion or all of the carryforward amount to realize the deferred tax asset. No definition available.
|
| X | ||||||||||
- Definition The tax effect as of the balance sheet date of the amount of estimated future tax effects arising from pension, other postretirement benefits and postemployment benefits, which can only be deducted for tax purposes when actual costs are incurred, and which can only be realized if sufficient tax-basis income is generated in future periods to enable the deduction to be taken. No definition available.
|
| X | ||||||||||
- Definition The tax effect as of the balance sheet date of the amount of the estimated future tax effects arising from estimates of losses under legal, environmental and self-insurance, which can only be deducted for tax purposes when actual losses are incurred, and which can only be realized if sufficient tax-basis income is generated in future periods to enable the deduction to be taken. No definition available.
|
| X | ||||||||||
- Definition The portion of the differences between the effective income tax rate and domestic federal statutory income tax rate that can be explained by all tax credits and exemptions recorded during the period. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of current federal tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of current foreign income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of deferred federal income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of deferred foreign income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences, after deferred tax asset, and other tax liabilities expected to be paid after one year or operating cycle, if longer. No definition available.
|
| X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards, net of deferred tax liability attributable to taxable temporary differences. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from employee compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from other reserves not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences net of deferred tax asset attributable to deductible temporary differences and carryforwards after valuation allowances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences from intangible assets other than goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences from investments in unconsolidated subsidiaries and investments in other affiliates which are not controlled nor consolidated. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences from property, plant, and equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Percentage of domestic federal statutory tax rate applicable to pretax income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to changes in the valuation allowance for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to statutory income tax expense (benefit) outside of the country of domicile. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to impairment loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to other adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to the repatriation of foreign earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to state and local income tax expense (benefit), net of federal tax expense (benefit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to income tax contingencies. Includes, but not limited to, domestic tax contingency, foreign tax contingency, state and local tax contingency, and other contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to income tax settlements. Including, but not limited to, domestic tax settlement, foreign tax settlement, state and local tax settlement, and other tax settlements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The portion of earnings or loss from continuing operations before income taxes that is attributable to foreign operations, which is defined as Income or Loss generated from operations located outside the entity's country of domicile. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Income Taxes (Details 2) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 29, 2014 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
||||||
| Operating Loss Carryforwards | ||||||||||||
| Deferred and other income taxes | $ 55.2 | $ 69.1 | [1] | |||||||||
| Tax credit carryforwards | 6.0 | |||||||||||
| Carryforwards expiring in 2015 | 0.3 | |||||||||||
| Tax credit carryforwards expiring between 2015 and 2034 | 452.7 | |||||||||||
| Increase (decrease) in valuation allowance | $ 82.0 | $ 3.6 | ||||||||||
| Excess amount for financial reporting over tax basis of investments in foreign subsidiaries | 33.0 | |||||||||||
| Unrecognized tax benefits | $ 128.4 | 63.3 | 128.4 | $ 108.4 | 48.8 | 63.3 | $ 128.4 | |||||
| Net unrecognized tax benefits | 30.1 | 33.9 | 72.9 | |||||||||
| Gross accrued interest | 5.4 | 5.9 | 12.4 | |||||||||
| Net accrued interest | 4.5 | 4.9 | 8.6 | |||||||||
| Gross interest income included in income tax (provision) benefit | 0.2 | 0.9 | 0.2 | |||||||||
| Penalties excluded | 0.0 | 0.0 | $ 7.1 | |||||||||
| Penalties recorded | 0.0 | (7.1) | 0.0 | |||||||||
| Reasonably possible amount that unrecognized tax benefits could decrease within next 12 months, low end of range | 6.0 | |||||||||||
| Reasonably possible amount that unrecognized tax benefits could decrease within next 12 months, high end of range | 10.0 | |||||||||||
| Pre-tax losses generated during the year for which no tax benefit was recognized | 139.0 | |||||||||||
| Aggregate changes in balance of unrecognized tax benefits | ||||||||||||
| Unrecognized tax benefit — opening balance | 128.4 | 63.3 | 128.4 | 108.4 | ||||||||
| Gross increases — tax positions in prior period | 14.1 | 3.7 | 0.5 | |||||||||
| Gross decreases — tax positions in prior period | (7.6) | (36.9) | (2.3) | |||||||||
| Gross increases — tax positions in current period | 11.3 | 11.7 | 28.4 | |||||||||
| Settlements | 0.0 | (28.2) | (1.1) | |||||||||
| Lapse of statute of limitations | (4.4) | (14.7) | (5.5) | |||||||||
| Gross decreases — Spin-Off | (26.7) | 0.0 | 0.0 | |||||||||
| Change due to foreign currency exchange rates | (1.2) | (0.7) | 0.0 | |||||||||
| Unrecognized tax benefit — ending balance | 48.8 | 63.3 | 128.4 | |||||||||
| Uncertain Tax Positions and Other Tax Matters | ||||||||||||
| Income tax charges (benefits) related to valuation allowances recorded against foreign deferred income tax assets | 33.8 | (9.5) | ||||||||||
| Income taxes relating to repatriation of earnings | 11.4 | |||||||||||
| Tax benefit related to audit settlements and statute expirations | 3.4 | 16.2 | 4.1 | |||||||||
| Tax benefit related to loss on an investment in a foreign subsidiary | 6.4 | |||||||||||
| Tax benefit related to the research and experimentation credit generated in 2012 | $ 4.1 | |||||||||||
| EGS Electrical Group, LLC and Subsidiaries ("EGS") | ||||||||||||
| Operating Loss Carryforwards | ||||||||||||
| Gain on sale of interest in EGS | $ 491.2 | $ 491.2 | ||||||||||
| State and Local Jurisdiction | ||||||||||||
| Operating Loss Carryforwards | ||||||||||||
| Tax loss carryforwards | 433.0 | |||||||||||
| Foreign Jurisdictions | ||||||||||||
| Operating Loss Carryforwards | ||||||||||||
| Tax loss carryforwards | $ 221.0 | |||||||||||
| Foreign taxes incurred related to Spin-Off and reorganization actions | $ 3.7 | |||||||||||
| Restatement Adjustment | ||||||||||||
| Operating Loss Carryforwards | ||||||||||||
| Deferred and other income taxes | [2] | $ 1.3 | ||||||||||
| ||||||||||||
| X | ||||||||||
- Definition The amount of operating loss and tax credit carryforwards available to reduce future taxable income, which are subject to expiration during the next twelve months. No definition available.
|
| X | ||||||||||
- Definition The amount of operating loss and tax credit carryforwards available to reduce future taxable income, which are subject to expiration during future years. No definition available.
|
| X | ||||||||||
- Definition The amount of expense or benefit from audit settlements and statute expirations. No definition available.
|
| X | ||||||||||
- Definition The amount of expense or benefit related to a loss on an investment in a foreign subsidiary. No definition available.
|
| X | ||||||||||
- Definition Represents the income tax expense or benefit associated with research and experimentation credits. No definition available.
|
| X | ||||||||||
- Definition Represents the income tax expense (benefit) related to reorganization actions to facilitate business separation. No definition available.
|
| X | ||||||||||
- Definition Represents the income tax expense (benefit) associated with valuation allowances recorded against deferred income tax assets. No definition available.
|
| X | ||||||||||
- Definition Amount of income tax expense associated with repatriation of earnings from foreign subsidiaries. No definition available.
|
| X | ||||||||||
- Definition Unrecognized Tax Benefits, Decrease Resulting from Spinoff No definition available.
|
| X | ||||||||||
- Definition Represents the net (net of applicable income tax effect) amount of interest expense accrued as of the date of statement of financial position for underpayment of income taxes, computed by applying the applicable statutory rate of interest to the difference between a tax position recognized for financial reporting purposes and the amount previously taken or expected to be taken in a tax return of the entity. No definition available.
|
| X | ||||||||||
- Definition The net amount of unrecognized tax benefits pertaining to uncertain tax positions taken in tax returns as of the balance sheet date. No definition available.
|
| X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary differences, after deferred tax asset, and other tax liabilities expected to be paid after one year or operating cycle, if longer. No definition available.
|
| X | ||||||||||
- Definition Amount of deferred tax liability not recognized because of the exceptions to comprehensive recognition of deferred taxes related to undistributed earnings of foreign subsidiaries. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of an equity method investment. No definition available.
|
| X | ||||||||||
- Definition Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to increase (decrease) in the valuation allowance for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of operating loss carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Definition Amount of (increase) decrease reasonably possible in the estimated lower bound of the unrecognized tax benefit for a tax position taken or expected to be taken. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of (increase) decrease reasonably possible in the estimated upper bound of the unrecognized tax benefit for a tax position taken or expected to be taken. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of the tax credit carryforward, before tax effects, available to reduce future taxable income under enacted tax laws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of unrecognized tax benefits pertaining to uncertain tax positions taken in tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of decrease in unrecognized tax benefits resulting from foreign currency translation. No definition available.
|
| X | ||||||||||
- Definition Amount of decrease in unrecognized tax benefits resulting from tax positions taken in prior period tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of decrease in unrecognized tax benefits resulting from settlements with taxing authorities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of statutory penalties accrued for a tax position claimed or expected to be claimed by the entity, in its tax return. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of expense for penalties related to a tax position claimed or expected to be claimed in the tax return. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of increase in unrecognized tax benefits resulting from tax positions that have been or will be taken in current period tax return. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of increase in unrecognized tax benefits resulting from tax positions taken in prior period tax returns. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of interest expense accrued for an underpayment of income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of interest expense for an underpayment of income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of decrease in unrecognized tax benefits resulting from lapses of applicable statutes of limitations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) in the valuation allowance for a specified deferred tax asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Indebtedness (Details) - USD ($) |
12 Months Ended | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 24, 2015 |
Dec. 31, 2015 |
Sep. 01, 2015 |
Dec. 31, 2014 |
||||||||||||||||
| Debt | |||||||||||||||||||
| Balance at the beginning of the period | $ 1,369,700,000 | ||||||||||||||||||
| Borrowings | 1,447,400,000 | ||||||||||||||||||
| Repayments | (1,349,900,000) | ||||||||||||||||||
| Spin-Off | [1] | (1,091,700,000) | |||||||||||||||||
| Other | [2] | (1,700,000) | |||||||||||||||||
| Balance at the end of the period | 373,800,000 | ||||||||||||||||||
| Less: short-term debt | 22,100,000 | $ 156,500,000 | |||||||||||||||||
| Less: current maturities of long-term debt | 9,100,000 | 29,100,000 | |||||||||||||||||
| Total long-term debt | 342,600,000 | 547,500,000 | |||||||||||||||||
| Maturities of long-term debt payable | |||||||||||||||||||
| 2016 | 9,100,000 | ||||||||||||||||||
| 2017 | 18,000,000 | ||||||||||||||||||
| 2018 | 17,800,000 | ||||||||||||||||||
| 2019 | 17,800,000 | ||||||||||||||||||
| 2020 | 288,900,000 | ||||||||||||||||||
| SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | Liabilities of Discontinued Operations - Current | |||||||||||||||||||
| Debt | |||||||||||||||||||
| Balance at the beginning of the period | 36,600,000 | ||||||||||||||||||
| Discontinued operations | |||||||||||||||||||
| Debt | |||||||||||||||||||
| Balance at the beginning of the period | [3] | 636,600,000 | |||||||||||||||||
| Balance at the end of the period | [3] | 0 | |||||||||||||||||
| Continuing operations | |||||||||||||||||||
| Debt | |||||||||||||||||||
| Balance at the beginning of the period | 733,100,000 | ||||||||||||||||||
| Balance at the end of the period | 373,800,000 | ||||||||||||||||||
| Less: short-term debt | 22,100,000 | 156,500,000 | |||||||||||||||||
| Less: current maturities of long-term debt | 9,100,000 | 29,100,000 | |||||||||||||||||
| Total long-term debt | 342,600,000 | $ 547,500,000 | |||||||||||||||||
| 6.875% senior notes | |||||||||||||||||||
| Debt | |||||||||||||||||||
| Balance at the beginning of the period | [3] | 600,000,000 | |||||||||||||||||
| Spin-Off | [1],[3] | (600,000,000) | |||||||||||||||||
| Balance at the end of the period | [3] | $ 0 | |||||||||||||||||
| Interest rate percentage | 6.875% | 6.875% | |||||||||||||||||
| 6.875% senior notes | Senior Notes | |||||||||||||||||||
| Debt | |||||||||||||||||||
| Interest rate percentage | 6.875% | ||||||||||||||||||
| 6.875% senior notes | Liabilities of Discontinued Operations - Non current | Senior Notes | |||||||||||||||||||
| Debt | |||||||||||||||||||
| Balance of 6.875% senior notes | $ 600,000,000 | ||||||||||||||||||
| 6.875% senior notes | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | Senior Notes | |||||||||||||||||||
| Debt | |||||||||||||||||||
| Interest rate percentage | 6.875% | ||||||||||||||||||
| Trade receivables financing arrangement | |||||||||||||||||||
| Debt | |||||||||||||||||||
| Balance at the beginning of the period | [4] | $ 10,000,000 | |||||||||||||||||
| Borrowings | [4] | 156,000,000 | |||||||||||||||||
| Repayments | [4] | (166,000,000) | |||||||||||||||||
| Balance at the end of the period | [4] | 0 | |||||||||||||||||
| Maximum borrowing capacity under financing arrangement | 50,000,000 | ||||||||||||||||||
| Available borrowing capacity | 40,100,000 | ||||||||||||||||||
| Other indebtedness | |||||||||||||||||||
| Debt | |||||||||||||||||||
| Balance at the beginning of the period | [3],[5] | 51,700,000 | |||||||||||||||||
| Borrowings | [3],[5] | 27,400,000 | |||||||||||||||||
| Repayments | [3],[5] | (16,900,000) | |||||||||||||||||
| Spin-Off | [1],[3],[5] | (36,700,000) | |||||||||||||||||
| Other | [2],[3],[5] | (1,700,000) | |||||||||||||||||
| Balance at the end of the period | [3],[5] | 23,800,000 | |||||||||||||||||
| Capital lease obligations | 1,700,000 | $ 13,600,000 | |||||||||||||||||
| Purchase card programs | $ 4,800,000 | 32,100,000 | |||||||||||||||||
| Term loan | |||||||||||||||||||
| Debt | |||||||||||||||||||
| Initial principal amount of the term loan to be repaid annually in quarterly installments (as a percent) | 5.00% | ||||||||||||||||||
| Revolving loans: | Prior SPX Facilities | |||||||||||||||||||
| Debt | |||||||||||||||||||
| Repayments | $ (224,000,000) | ||||||||||||||||||
| Revolving loans: | Prior SPX facilities | |||||||||||||||||||
| Debt | |||||||||||||||||||
| Balance at the beginning of the period | [6] | $ 133,000,000 | |||||||||||||||||
| Borrowings | [6] | 430,000,000 | |||||||||||||||||
| Repayments | [6] | (563,000,000) | |||||||||||||||||
| Balance at the end of the period | [6] | 0 | |||||||||||||||||
| Revolving loans: | Current SPX facilities | |||||||||||||||||||
| Debt | |||||||||||||||||||
| Balance at the beginning of the period | 0 | ||||||||||||||||||
| Borrowings | 29,000,000 | ||||||||||||||||||
| Repayments | (29,000,000) | ||||||||||||||||||
| Balance at the end of the period | 0 | ||||||||||||||||||
| Revolving loans: | Current SPX FLOW facilities | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | |||||||||||||||||||
| Debt | |||||||||||||||||||
| Balance at the beginning of the period | 0 | ||||||||||||||||||
| Borrowings | 55,000,000 | ||||||||||||||||||
| Spin-Off | [1] | (55,000,000) | |||||||||||||||||
| Balance at the end of the period | 0 | ||||||||||||||||||
| Term loans: | Prior SPX Facilities | |||||||||||||||||||
| Debt | |||||||||||||||||||
| Repayments | $ (560,600,000) | ||||||||||||||||||
| Term loans: | Prior SPX facilities | |||||||||||||||||||
| Debt | |||||||||||||||||||
| Balance at the beginning of the period | [6] | 575,000,000 | |||||||||||||||||
| Repayments | [6] | (575,000,000) | |||||||||||||||||
| Balance at the end of the period | [6] | 0 | |||||||||||||||||
| Term loans: | Current SPX facilities | |||||||||||||||||||
| Debt | |||||||||||||||||||
| Balance at the beginning of the period | [7] | 0 | |||||||||||||||||
| Borrowings | [7] | 350,000,000 | |||||||||||||||||
| Balance at the end of the period | [7] | 350,000,000 | |||||||||||||||||
| Term loans: | Current SPX FLOW facilities | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | |||||||||||||||||||
| Debt | |||||||||||||||||||
| Balance at the beginning of the period | 0 | ||||||||||||||||||
| Borrowings | 400,000,000 | ||||||||||||||||||
| Spin-Off | [1] | (400,000,000) | |||||||||||||||||
| Balance at the end of the period | 0 | ||||||||||||||||||
| Foreign line of credit | |||||||||||||||||||
| Debt | |||||||||||||||||||
| Maximum borrowing capacity under financing arrangement | $ 150,000,000 | ||||||||||||||||||
| Available borrowing capacity | 224,100,000 | ||||||||||||||||||
| Foreign line of credit | Other indebtedness | China | |||||||||||||||||||
| Debt | |||||||||||||||||||
| Line of credit in China | $ 17,300,000 | $ 0 | |||||||||||||||||
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Indebtedness (Details 2) |
12 Months Ended | ||
|---|---|---|---|
|
Sep. 01, 2015
USD ($)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2014
USD ($)
|
|
| Senior credit facility | |||
| Credit Facilities | |||
| Maximum borrowing capacity under financing arrangement | $ 1,200,000,000 | ||
| Domestic revolving credit facility | |||
| Credit Facilities | |||
| Maximum borrowing capacity under financing arrangement | $ 200,000,000 | ||
| Amount of available borrowing capacity | 301,900,000 | ||
| Letters of credit issued, amount outstanding | 48,100,000 | ||
| Foreign credit instrument facility | |||
| Credit Facilities | |||
| Maximum borrowing capacity under financing arrangement | 150,000,000 | ||
| Amount of available borrowing capacity | 224,100,000 | ||
| Letters of credit issued, amount outstanding | 275,900,000 | ||
| Trade receivables financing arrangement | |||
| Credit Facilities | |||
| Maximum borrowing capacity under financing arrangement | $ 50,000,000.0 | ||
| Term loan | Senior credit facility | |||
| Credit Facilities | |||
| Maximum borrowing capacity under financing arrangement | 350,000,000 | ||
| Participation Foreign Credit Instrument Facility | Letters of credit and guarantees | |||
| Credit Facilities | |||
| Maximum borrowing capacity under financing arrangement | 300,000,000 | ||
| Bilateral foreign credit instrument facility | Letters of credit and guarantees | |||
| Credit Facilities | |||
| Maximum borrowing capacity under financing arrangement | 200,000,000 | ||
| SPX Flow Credit Agreement | Loan | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | |||
| Credit Facilities | |||
| Maximum borrowing capacity under financing arrangement | $ 350,000,000 | ||
| Principal amount of the term loan repayable in quarterly installments (as a percentage) | 5.00% | ||
| Aggregate principal amount | $ 300,000,000.0 | ||
| Net cash and cash equivalents | $ 50,000,000 | ||
| Consolidated senior secured leverage ratio | 2.75 | ||
| SPX Flow Credit Agreement | Loan | Alternative base rate | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | |||
| Credit Facilities | |||
| Description of variable rate (as a percent) | alternate base rate | ||
| SPX Flow Credit Agreement | Loan | Federal Funds Effective Swap Rate | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | |||
| Credit Facilities | |||
| Description of variable rate (as a percent) | federal funds effective rate | ||
| Basis spread on variable rate (as a percent) | 0.50% | ||
| SPX Flow Credit Agreement | Loan | Prime Rate | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | |||
| Credit Facilities | |||
| Description of variable rate (as a percent) | prime rate | ||
| SPX Flow Credit Agreement | Loan | One-Month LIBOR | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | |||
| Credit Facilities | |||
| Description of variable rate (as a percent) | one-month LIBOR | ||
| Basis spread on variable rate (as a percent) | 1.00% | ||
| SPX Flow Credit Agreement | Loan | Reserve adjusted LIBOR | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | |||
| Credit Facilities | |||
| Description of variable rate (as a percent) | reserve-adjusted LIBOR | ||
| SPX Flow Credit Agreement | Loan | London Interbank Offered Rate (LIBOR), Period One | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | |||
| Credit Facilities | |||
| Interest period which may be elected, shortest | 1 month | ||
| SPX Flow Credit Agreement | Loan | London Interbank Offered Rate (LIBOR), Period Two | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | |||
| Credit Facilities | |||
| Interest period which may be elected, shortest | 2 months | ||
| SPX Flow Credit Agreement | Loan | London Interbank Offered Rate (LIBOR), Period Three | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | |||
| Credit Facilities | |||
| Interest period which may be elected, shortest | 3 months | ||
| SPX Flow Credit Agreement | Loan | London Interbank Offered Rate (LIBOR), Period Four | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | |||
| Credit Facilities | |||
| Interest period which may be elected, shortest | 6 months | ||
| SPX Flow Credit Agreement | Senior credit facility | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | |||
| Credit Facilities | |||
| Maximum borrowing capacity under financing arrangement | $ 1,350,000,000 | ||
| Weighted-average interest rate of senior credit facilities (as a percent) | 2.20% | ||
| Maximum period within which net proceeds should be reinvested | 360 days | ||
| Period after end of 360 day period if committed to be reinvested | 180 days | ||
| Percentage of capital stock | 100.00% | ||
| Percentage of capital stock of material first tier foreign subsidiaries | 65.00% | ||
| Consolidated interest coverage ratio | 3.50 | ||
| Consolidated leverage ratio | 3.25 | ||
| Consolidated leverage ratio after certain permitted acquisitions | 3.5 | ||
| Consolidated leverage ratio to repurchase capital stock and pay cash dividends | 2.5 | ||
| Aggregate amount of repurchases and dividend declarations | $ 50,000,000 | ||
| Additional amount for all such repurchases and dividend declarations after effective date | $ 100,000,000 | ||
| Percentage of cumulative consolidated net income | 50.00% | ||
| Percentage of cumulative consolidated net deficit | (100.00%) | ||
| SPX Flow Credit Agreement | Foreign credit instrument facility | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | |||
| Credit Facilities | |||
| Fronting fees percentage | 0.25% | ||
| SPX Flow Credit Agreement | Letters of credit and guarantees | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | |||
| Credit Facilities | |||
| Fronting fees percentage | 0.125% | ||
| Purchase Card Program | Loan | |||
| Credit Facilities | |||
| Amount outstanding under purchase card programs | $ 4,800,000 | $ 32,100,000 |
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- Definition Debt Instrument, Covenant Terms, Additional Amount of Capital Stock Repurchases and Dividend Declarations No definition available.
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- Definition Debt Instrument, Covenant Terms, Aggregate Amount of Capital Stock Repurchases and Dividend Declarations No definition available.
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- Definition Debt Instrument, Covenant Terms, Consolidated Leverage Ratio No definition available.
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- Definition Debt Instrument, Covenant Terms, Consolidated Senior Secured Leverage Ratio No definition available.
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- Definition Debt Instrument, Covenant Terms, Maximum Amount of Participation in Line of Credit Facility No definition available.
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- Definition Debt Instrument, Covenant Terms, Maximum Consolidated Leverage Ratio No definition available.
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- Definition Debt Instrument, Covenant Terms, Maximum Consolidated Leverage Ratio after Permitted Acquisitions No definition available.
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- Definition Debt Instrument, Covenant Terms, Minimum Amount of Cash and Cash Equivalents No definition available.
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- Definition Debt Instrument, Covenant Terms, Minimum Consolidated Interest Coverage Ratio No definition available.
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- Definition Debt Instrument, Covenant Terms, Percentage of Consolidated Net Deficit No definition available.
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- Definition Debt Instrument, Covenant Terms, Percentage of Cumulative Consolidated Net Income No definition available.
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- Definition Debt Instrument, Fronting Fee No definition available.
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- Definition Represents the maximum period within which the net proceeds should be reinvested in permitted acquisitions, permitted investments or assets to be used in the entity's business. No definition available.
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- Definition Line of Credit Facility, Periodic Payment, Percentage of Principal Repaid Quarterly No definition available.
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- Definition The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. No definition available.
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Indebtedness (Details 3) - SPX Flow, Inc - Discontinued Operations, Disposed of by Means Other than Sale, Spinoff - Loan |
Sep. 01, 2015 |
|---|---|
| Line of credit | LIBOR | Greater than or equal to 3.00 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Fee percentage | 2.00% |
| Line of credit | LIBOR | Greater than or equal to 3.00 to 1.0 | Minimum | |
| Line of Credit Facility [Line Items] | |
| Consolidated leverage ratio | 3 |
| Line of credit | LIBOR | Between 2.00 to 1.0 and 3.00 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Fee percentage | 1.75% |
| Line of credit | LIBOR | Between 2.00 to 1.0 and 3.00 to 1.0 | Minimum | |
| Line of Credit Facility [Line Items] | |
| Consolidated leverage ratio | 2 |
| Line of credit | LIBOR | Between 2.00 to 1.0 and 3.00 to 1.0 | Maximum | |
| Line of Credit Facility [Line Items] | |
| Consolidated leverage ratio | 3 |
| Line of credit | LIBOR | Between 1.50 to 1.0 and 2.00 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Fee percentage | 1.50% |
| Line of credit | LIBOR | Between 1.50 to 1.0 and 2.00 to 1.0 | Minimum | |
| Line of Credit Facility [Line Items] | |
| Consolidated leverage ratio | 1.5 |
| Line of credit | LIBOR | Between 1.50 to 1.0 and 2.00 to 1.0 | Maximum | |
| Line of Credit Facility [Line Items] | |
| Consolidated leverage ratio | 2 |
| Line of credit | LIBOR | Between 1.00 to 1.0 and 1.50 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Fee percentage | 1.375% |
| Line of credit | LIBOR | Between 1.00 to 1.0 and 1.50 to 1.0 | Minimum | |
| Line of Credit Facility [Line Items] | |
| Consolidated leverage ratio | 1 |
| Line of credit | LIBOR | Between 1.00 to 1.0 and 1.50 to 1.0 | Maximum | |
| Line of Credit Facility [Line Items] | |
| Consolidated leverage ratio | 1.5 |
| Line of credit | LIBOR | Less than 1.00 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Fee percentage | 1.25% |
| Line of credit | LIBOR | Less than 1.00 to 1.0 | Maximum | |
| Line of Credit Facility [Line Items] | |
| Consolidated leverage ratio | 1 |
| Line of credit | ABR Loans | Greater than or equal to 3.00 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Fee percentage | 1.00% |
| Line of credit | ABR Loans | Between 2.00 to 1.0 and 3.00 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Fee percentage | 0.75% |
| Line of credit | ABR Loans | Between 1.50 to 1.0 and 2.00 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Fee percentage | 0.50% |
| Line of credit | ABR Loans | Between 1.00 to 1.0 and 1.50 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Fee percentage | 0.375% |
| Line of credit | ABR Loans | Less than 1.00 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Fee percentage | 0.25% |
| Domestic revolving credit facility | Greater than or equal to 3.00 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Commitment fee percentage | 0.35% |
| Domestic revolving credit facility | Between 2.00 to 1.0 and 3.00 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Commitment fee percentage | 0.30% |
| Domestic revolving credit facility | Between 1.50 to 1.0 and 2.00 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Commitment fee percentage | 0.275% |
| Domestic revolving credit facility | Between 1.00 to 1.0 and 1.50 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Commitment fee percentage | 0.25% |
| Domestic revolving credit facility | Less than 1.00 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Commitment fee percentage | 0.225% |
| Revolving credit facility | Greater than or equal to 3.00 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Commitment fee percentage | 0.35% |
| Revolving credit facility | Between 2.00 to 1.0 and 3.00 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Commitment fee percentage | 0.30% |
| Revolving credit facility | Between 1.50 to 1.0 and 2.00 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Commitment fee percentage | 0.275% |
| Revolving credit facility | Between 1.00 to 1.0 and 1.50 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Commitment fee percentage | 0.25% |
| Revolving credit facility | Less than 1.00 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Commitment fee percentage | 0.225% |
| Letter of credit | Greater than or equal to 3.00 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Fee percentage | 2.00% |
| Letter of credit | Between 2.00 to 1.0 and 3.00 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Fee percentage | 1.75% |
| Letter of credit | Between 1.50 to 1.0 and 2.00 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Fee percentage | 1.50% |
| Letter of credit | Between 1.00 to 1.0 and 1.50 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Fee percentage | 1.375% |
| Letter of credit | Less than 1.00 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Fee percentage | 1.25% |
| Foreign credit instrument facility | Greater than or equal to 3.00 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Commitment fee percentage | 0.35% |
| Fee percentage | 1.25% |
| Foreign credit instrument facility | Between 2.00 to 1.0 and 3.00 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Commitment fee percentage | 0.30% |
| Fee percentage | 1.00% |
| Foreign credit instrument facility | Between 1.50 to 1.0 and 2.00 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Commitment fee percentage | 0.275% |
| Fee percentage | 0.875% |
| Foreign credit instrument facility | Between 1.00 to 1.0 and 1.50 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Commitment fee percentage | 0.25% |
| Fee percentage | 0.80% |
| Foreign credit instrument facility | Less than 1.00 to 1.0 | |
| Line of Credit Facility [Line Items] | |
| Commitment fee percentage | 0.225% |
| Fee percentage | 0.75% |
| X | ||||||||||
- Definition Debt Instrument, Covenant Terms, Consolidated Leverage Ratio No definition available.
|
| X | ||||||||||
- Definition Debt Instrument, Fee Percentage No definition available.
|
| X | ||||||||||
- Definition The fee, expressed as a percentage of the line of credit facility, for the line of credit facility regardless of whether the facility has been used. No definition available.
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| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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Derivative Financial Instruments (Details) lb in Millions, $ in Millions |
12 Months Ended | ||
|---|---|---|---|
|
Dec. 31, 2015
USD ($)
lb
|
Dec. 31, 2014
USD ($)
lb
|
Dec. 31, 2013
USD ($)
|
|
| FX Forward Contracts: | |||
| Derivative disclosures | |||
| Aggregate notional amount | $ 139.8 | $ 212.5 | |
| Derivative contracts maturities in 2016 | 136.8 | ||
| Derivative contracts maturities in 2017 | 3.0 | ||
| Unrealized loss, net of tax, recorded in AOCI related to commodity and FX forward contracts | $ (0.6) | (0.3) | |
| Derivative contract maturity period | 12 months | ||
| FX embedded derivatives | Derivative contracts not designated as hedging instruments | |||
| Derivative disclosures | |||
| Aggregate notional amount | $ 120.8 | 192.6 | |
| Derivative contracts maturities in 2016 | 88.4 | ||
| Derivative contracts maturities in 2017 | 28.0 | ||
| Derivative contracts maturities in 2018 | 4.4 | ||
| FX forward contracts and FX embedded derivatives | |||
| Derivative disclosures | |||
| Net gain (loss) recorded related to derivatives | (1.6) | (2.6) | $ (0.3) |
| Commodity Contracts: | |||
| Derivative disclosures | |||
| Unrealized loss, net of tax, recorded in AOCI related to commodity and FX forward contracts | (1.2) | (1.0) | |
| Fair value of derivative contract - liability | $ 1.7 | ||
| Fair value of derivative contract - asset | $ 1.4 | ||
| Commodity Contracts: | Derivative contracts designated as hedging instruments | |||
| Derivative disclosures | |||
| Notional amount of commodity contracts | lb | 4.2 | 4.2 | |
| X | ||||||||||
- Definition Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Represents the amount of derivative contracts maturing within the next twelve months, following the date of the latest balance sheet presented in the financial statements. No definition available.
|
| X | ||||||||||
- Definition Represents the amount of derivative contracts maturing in year two, following the date of the latest balance sheet presented in the financial statements. No definition available.
|
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- Definition Represents the period of maturity of derivative contract. No definition available.
|
| X | ||||||||||
- Definition Derivative Instrument Maturities in Year Three No definition available.
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- Definition Accumulated change, net of tax, 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Nominal mass used to calculate payments on a derivative instrument. No definition available.
|
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- Definition The difference between the book value and the sale price of options, swaps, futures, forward contracts, and other derivative instruments. This element refers to the gain (loss) included in earnings. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Fair value as of the balance sheet date of all price risk derivative assets designated as cash flow hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value as of the balance sheet date of all price risk derivative liabilities designated as cash flow hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Derivative Financial Instruments (Details 2) - USD ($) $ in Millions |
Dec. 31, 2015 |
Dec. 31, 2014 |
|||||
|---|---|---|---|---|---|---|---|
| FX forward contracts | |||||||
| Fair value of derivative financial instruments | |||||||
| Net Assets / Liabilities | $ (1.4) | $ (4.3) | |||||
| FX Forward Contracts: | |||||||
| Fair value of derivative financial instruments | |||||||
| Gross Assets | [1] | 0.1 | 0.7 | ||||
| Gross Liabilities | [1] | (1.5) | (5.0) | ||||
| Net Assets / Liabilities | [1] | (1.4) | (4.3) | ||||
| FX Forward Contracts: | Counterparty A | |||||||
| Fair value of derivative financial instruments | |||||||
| Gross Assets | 0.0 | 0.0 | |||||
| Gross Liabilities | 0.0 | (0.1) | |||||
| Net Assets / Liabilities | 0.0 | (0.1) | |||||
| FX Forward Contracts: | Counterparty B | |||||||
| Fair value of derivative financial instruments | |||||||
| Gross Assets | 0.0 | 0.3 | |||||
| Gross Liabilities | (0.6) | (3.5) | |||||
| Net Assets / Liabilities | (0.6) | (3.2) | |||||
| FX Forward Contracts: | Counterparty C | |||||||
| Fair value of derivative financial instruments | |||||||
| Gross Assets | 0.1 | 0.3 | |||||
| Gross Liabilities | (0.5) | (0.7) | |||||
| Net Assets / Liabilities | (0.4) | (0.4) | |||||
| FX Forward Contracts: | Aggregate of other counterparties | |||||||
| Fair value of derivative financial instruments | |||||||
| Gross Assets | 0.0 | 0.1 | |||||
| Gross Liabilities | (0.4) | (0.7) | |||||
| Net Assets / Liabilities | (0.4) | (0.6) | |||||
| Derivative contracts designated as hedging instruments | FX forward contracts | |||||||
| Fair value of derivative financial instruments | |||||||
| Net Assets / Liabilities | (0.6) | (0.2) | |||||
| Derivative contracts designated as hedging instruments | FX forward contracts | Accrued expenses | |||||||
| Fair value of derivative financial instruments | |||||||
| Gross Liabilities | (0.4) | (0.1) | |||||
| Derivative contracts designated as hedging instruments | FX forward contracts | Other long-term liabilities | |||||||
| Fair value of derivative financial instruments | |||||||
| Gross Liabilities | (0.2) | (0.1) | |||||
| Derivative contracts designated as hedging instruments | Commodity Contracts: | Counterparty A | |||||||
| Fair value of derivative financial instruments | |||||||
| Gross Assets | [2] | 0.0 | 0.0 | ||||
| Gross Liabilities | [2] | (1.7) | (1.4) | ||||
| Net Assets / Liabilities | [2] | (1.7) | (1.4) | ||||
| Derivative contracts not designated as hedging instruments | FX embedded derivatives | |||||||
| Fair value of derivative financial instruments | |||||||
| Net Assets / Liabilities | 6.3 | 0.9 | |||||
| Derivative contracts not designated as hedging instruments | FX embedded derivatives | Other current assets | |||||||
| Fair value of derivative financial instruments | |||||||
| Gross Assets | 8.0 | 4.1 | |||||
| Derivative contracts not designated as hedging instruments | FX embedded derivatives | Other assets | |||||||
| Fair value of derivative financial instruments | |||||||
| Gross Assets | 3.1 | 1.2 | |||||
| Derivative contracts not designated as hedging instruments | FX embedded derivatives | Accrued expenses | |||||||
| Fair value of derivative financial instruments | |||||||
| Gross Liabilities | (3.7) | (3.8) | |||||
| Derivative contracts not designated as hedging instruments | FX embedded derivatives | Other long-term liabilities | |||||||
| Fair value of derivative financial instruments | |||||||
| Gross Liabilities | (1.1) | (0.6) | |||||
| Derivative contracts not designated as hedging instruments | FX forward contracts | |||||||
| Fair value of derivative financial instruments | |||||||
| Net Assets / Liabilities | (0.8) | (4.1) | |||||
| Derivative contracts not designated as hedging instruments | FX forward contracts | Accrued expenses | |||||||
| Fair value of derivative financial instruments | |||||||
| Gross Liabilities | $ (0.8) | $ (4.1) | |||||
| |||||||
| X | ||||||||||
- Definition Fair values as of the balance sheet date of the net amount of all assets and liabilities resulting from contracts that meet the criteria of being accounted for as derivative instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Financial Instruments (Details 3) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
|
| Derivative contracts not designated as hedging instruments | Other income (expense), net | |||
| Derivative instrument disclosures | |||
| Amount of gain (loss) recognized in income | $ (1.6) | $ (2.6) | $ (0.3) |
| Derivative contracts not designated as hedging instruments | FX forward contracts | Other income (expense), net | |||
| Derivative instrument disclosures | |||
| Amount of gain (loss) recognized in income | (6.5) | (5.4) | (1.3) |
| Derivative contracts not designated as hedging instruments | FX embedded derivatives | Other income (expense), net | |||
| Derivative instrument disclosures | |||
| Amount of gain (loss) recognized in income | 4.9 | 2.8 | 1.0 |
| Cash flow hedge | |||
| Derivative instrument disclosures | |||
| Amount of gain (loss) recognized in AOCI, pre-tax | (2.8) | (2.1) | (1.3) |
| Amount of gain (loss) reclassified from AOCI to income, pre-tax | (2.2) | (1.5) | (5.3) |
| Cash flow hedge | FX forward contracts | |||
| Derivative instrument disclosures | |||
| Amount of gain (loss) recognized in AOCI, pre-tax | 0.4 | 0.4 | (0.1) |
| Cash flow hedge | FX forward contracts | Revenues | |||
| Derivative instrument disclosures | |||
| Amount of gain (loss) reclassified from AOCI to income, pre-tax | 0.6 | (0.8) | (4.0) |
| Cash flow hedge | Commodity contracts | |||
| Derivative instrument disclosures | |||
| Amount of gain (loss) recognized in AOCI, pre-tax | (3.2) | (2.5) | (1.2) |
| Cash flow hedge | Commodity contracts | Cost of products sold | |||
| Derivative instrument disclosures | |||
| Amount of gain (loss) reclassified from AOCI to income, pre-tax | $ (2.8) | $ (0.7) | $ (1.3) |
| X | ||||||||||
- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Commitments, Contingent Liabilities and Other Matters (Details) - USD ($) $ in Millions |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
|
| Future minimum rental payments under operating leases with remaining non-cancelable term | |||
| 2016 | $ 12.7 | ||
| 2017 | 8.3 | ||
| 2018 | 6.9 | ||
| 2019 | 6.4 | ||
| 2020 | 4.9 | ||
| Thereafter | 7.6 | ||
| Total minimum payments | 46.8 | ||
| Total operating lease expense | $ 19.1 | $ 21.5 | $ 22.2 |
| X | ||||||||||
- Definition Amount of rent expense incurred for leased assets, including but not limited to, furniture and equipment, that is not directly or indirectly associated with the manufacture, sale or creation of a product or product line. No definition available.
|
| X | ||||||||||
- Definition Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Commitments, Contingent Liabilities and Other Matters (Details 2) $ / shares in Units, $ in Millions |
1 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Dec. 31, 2015
USD ($)
unit
|
Dec. 31, 2015
USD ($)
|
Sep. 26, 2015
USD ($)
|
Jun. 27, 2015
USD ($)
|
Mar. 28, 2015
USD ($)
|
[1] |
Dec. 31, 2014
USD ($)
|
Sep. 27, 2014
USD ($)
|
Jun. 28, 2014
USD ($)
|
Mar. 29, 2014
USD ($)
|
[1] |
Dec. 31, 2015
USD ($)
corporate_entity
$ / shares
|
Dec. 31, 2014
USD ($)
|
Dec. 31, 2013
USD ($)
|
||||||||||||||||||
| Contingencies and other matters | |||||||||||||||||||||||||||||||
| Carrying values of accruals | $ 591.1 | $ 591.1 | $ 577.6 | $ 591.1 | $ 577.6 | ||||||||||||||||||||||||||
| Liabilities for asbestos product liability | $ 534.4 | 534.4 | 515.4 | 534.4 | 515.4 | ||||||||||||||||||||||||||
| Payments for asbestos-related matters, net of insurance recoveries | 6.9 | 5.5 | $ 4.3 | ||||||||||||||||||||||||||||
| Recorded charges related to asbestos product liability matters | 11.2 | 4.6 | |||||||||||||||||||||||||||||
| Increase in loss from continuing operations before income taxes | 203.0 | (255.8) | 10.5 | ||||||||||||||||||||||||||||
| Reduction in revenues | (509.5) | [1] | $ (374.1) | $ (459.4) | $ (376.3) | (555.6) | [1] | $ (489.6) | $ (489.1) | $ (418.4) | (1,719.3) | [2] | (1,952.7) | [2],[3] | (1,968.8) | [2],[3] | |||||||||||||||
| Increase in costs of products sold | 1,426.9 | 1,526.5 | 1,485.4 | ||||||||||||||||||||||||||||
| Increase in net loss | 12.7 | [1],[4] | $ 130.6 | [4] | $ (36.3) | [4] | $ 10.0 | [4] | 44.8 | [1],[4] | $ (63.6) | [4] | $ (49.8) | [4] | $ (315.3) | [4] | 117.0 | (383.9) | [3] | (212.3) | [3] | ||||||||||
| South Africa | |||||||||||||||||||||||||||||||
| Contingencies and other matters | |||||||||||||||||||||||||||||||
| Reduction in revenues | [2] | (54.2) | (109.2) | $ (234.2) | |||||||||||||||||||||||||||
| Large Power Projects | South Africa | |||||||||||||||||||||||||||||||
| Contingencies and other matters | |||||||||||||||||||||||||||||||
| Number of units with eliminated responsibilities to complete construction | unit | 3 | ||||||||||||||||||||||||||||||
| Total units with continuing support | unit | 6 | ||||||||||||||||||||||||||||||
| Amount related to claims and unapproved change orders | $ 25.0 | 25.0 | 25.0 | ||||||||||||||||||||||||||||
| Large Power Projects | Revisions in estimates for large power projects | South Africa | |||||||||||||||||||||||||||||||
| Contingencies and other matters | |||||||||||||||||||||||||||||||
| Increase in loss from continuing operations before income taxes | 95.0 | ||||||||||||||||||||||||||||||
| Reduction in revenues | 57.2 | ||||||||||||||||||||||||||||||
| Increase in costs of products sold | 37.8 | ||||||||||||||||||||||||||||||
| Increase in net loss | $ 71.2 | ||||||||||||||||||||||||||||||
| Increase in loss per share of common stock | $ / shares | $ 1.75 | ||||||||||||||||||||||||||||||
| Other Operating Income (Expense) | |||||||||||||||||||||||||||||||
| Contingencies and other matters | |||||||||||||||||||||||||||||||
| Recorded charges related to asbestos product liability matters | $ 8.0 | 3.1 | |||||||||||||||||||||||||||||
| Gain (Loss) on Disposition of Discontinued Operations, Net of Tax | |||||||||||||||||||||||||||||||
| Contingencies and other matters | |||||||||||||||||||||||||||||||
| Recorded charges related to asbestos product liability matters | $ 3.2 | 1.5 | |||||||||||||||||||||||||||||
| Minimum | Asbestos Related Claims | |||||||||||||||||||||||||||||||
| Contingencies and other matters | |||||||||||||||||||||||||||||||
| Number of corporate entities named defendants | corporate_entity | 50 | ||||||||||||||||||||||||||||||
| Other Long Term Liabilities | |||||||||||||||||||||||||||||||
| Contingencies and other matters | |||||||||||||||||||||||||||||||
| Accruals included in other long-term liabilities | 552.8 | 552.8 | 545.1 | $ 552.8 | 545.1 | ||||||||||||||||||||||||||
| Other assets | Asbestos Related Claims | |||||||||||||||||||||||||||||||
| Contingencies and other matters | |||||||||||||||||||||||||||||||
| Insurance recovery assets | $ 493.3 | $ 493.3 | $ 479.1 | $ 493.3 | $ 479.1 | ||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||
| X | ||||||||||
- Definition Commitments to Complete Contracts in Process, Number of Units with Continued Support No definition available.
|
| X | ||||||||||
- Definition Commitments to Complete Contracts in Process, Number of Units with Eliminated Responsibility to Complete Construction No definition available.
|
| X | ||||||||||
- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. No definition available.
|
| X | ||||||||||
- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Carrying amount as of the balance sheet date of reserves for the costs of settling insured claims and costs incurred in the claims settlement process attributable to asbestos and environmental claims, before estimated recoveries from reinsurers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Increase in asbestos and environmental reserve based on known and estimated costs of settling insured claims and costs incurred in the claims settlement process, before estimated recoveries from reinsurers. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of asbestos claims paid in the current period, net of reinsurance recoveries. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Amount of loss contingency liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of loss contingency liability expected to be resolved after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of defendants named in a legal action. No definition available.
|
| X | ||||||||||
- Definition Amount of receivable related to a loss contingency accrual that is expected to be collected after one year or beyond the normal operating cycle, if longer. For example, an insurance recovery receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of costs incurred on unapproved change orders when it is probable that the cost will be recovered through a change in the contract price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Commitments, Contingent Liabilities and Other Matters (Details 3) - Site investigation and remediation - site |
Dec. 31, 2015 |
Dec. 31, 2014 |
|---|---|---|
| Environmental Matters | ||
| Number of sites | 35 | 42 |
| Number of third-party disposal sites for which entity is potentially responsible | 24 | 26 |
| Number of active sites | 7 | 9 |
| X | ||||||||||
- Definition Represents the number of offsite, third-party disposal sites which have been active in the past few years. No definition available.
|
| X | ||||||||||
- Definition Represents the number of sites which have liabilities for site investigation and remediation. No definition available.
|
| X | ||||||||||
- Definition Represents the number of offsite, third-party disposal sites for which the entity is potentially responsible and have received notices of potential liability pursuant to various environmental laws. No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
Commitments, Contingent Liabilities and Other Matters (Details 4) $ in Millions |
12 Months Ended | |
|---|---|---|
|
Dec. 31, 2015
USD ($)
employee
|
Dec. 31, 2014
USD ($)
|
|
| Executive officers | ||
| Executive Agreements | ||
| Period of rolling term of employment agreements | 1 year | |
| Number of executive officers with severance benefit agreements | employee | 5 | |
| Number of officers having outstanding non-interest bearing relocation home loans | employee | 1 | |
| Repayment tenure of non-interest bearing relocation home loans | 20 years | |
| Amount of relocation home loans | $ 1.5 | |
| Consortium arrangements | Detection and Measurement segment | ||
| Collaborative Arrangements | ||
| Entity's share of the aggregate contract value on open consortium arrangements | $ 100.2 | $ 65.2 |
| Percentage of entity's share of the aggregate contract value, recognized as revenue | 68.00% | 87.00% |
| Aggregate contract value on open consortium arrangements | $ 371.7 | $ 291.1 |
| Estimated fair value of potential obligation recorded as a liabilities | $ 0.6 | $ 0.7 |
| X | ||||||||||
- Definition Represents the total amount granted for relocation home loans in connection with the 2001 moving of corporate headquarters. No definition available.
|
| X | ||||||||||
- Definition Represents the aggregate contract value on open consortium arrangements. No definition available.
|
| X | ||||||||||
- Definition Represents the entity's share of aggregate contract value on open consortium arrangements. No definition available.
|
| X | ||||||||||
- Definition Represents the estimated fair value of potential obligation under the joint and several liability provisions associated with consortium arrangements, recorded as a liability. No definition available.
|
| X | ||||||||||
- Definition Represents the percentage of entity's share of aggregate contract value which had been recognized as revenue. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Represents the number of executive officers having outstanding non-interest bearing relocation home loans. No definition available.
|
| X | ||||||||||
- Definition Represents the period of rolling term of employment agreements. No definition available.
|
| X | ||||||||||
- Definition Represents the period for repayment of non-interest bearing relocation home loans. No definition available.
|
| X | ||||||||||
- Definition Supplemental Unemployment Benefits, Number of Individuals with Severance Benefit Agreements No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Shareholders' Equity and Stock-Based Compensation (Details) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2015 |
Sep. 26, 2015 |
Jun. 27, 2015 |
Mar. 28, 2015 |
[3] | Dec. 31, 2014 |
Sep. 27, 2014 |
Jun. 28, 2014 |
Mar. 29, 2014 |
[3] | Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
||||||||||||||||||||||
| Numerator: | ||||||||||||||||||||||||||||||||||
| Income (loss) from continuing operations | $ (7.6) | [1],[2],[3] | $ (130.7) | [1],[2] | $ (11.9) | [1],[2] | $ (41.0) | [1],[2] | $ (101.4) | [1],[2],[3] | $ (12.2) | [1],[2] | $ (19.2) | [1],[2] | $ 248.9 | [1],[2] | $ (191.2) | $ 116.1 | [4] | $ 9.5 | [4] | |||||||||||||
| Less: Net income (loss) attributable to noncontrolling interests | (33.4) | (11.7) | 0.7 | |||||||||||||||||||||||||||||||
| Income (loss) from continuing operations attributable to SPX Corporation common shareholders for calculating basic and diluted income per share | (157.8) | 127.8 | 8.8 | |||||||||||||||||||||||||||||||
| Income from discontinued operations | $ (5.1) | [3],[5] | $ 0.1 | [5] | $ 48.2 | [5] | $ 31.0 | [5] | $ 56.6 | [3],[5] | $ 75.8 | [5] | $ 69.0 | [5] | $ 66.4 | [5] | 74.2 | [6] | 267.8 | [4] | 202.8 | [4] | ||||||||||||
| Less: Net income (loss) attributable to noncontrolling interest | (0.9) | 2.2 | 1.7 | |||||||||||||||||||||||||||||||
| Income from discontinued operations attributable to SPX Corporation common shareholders for calculating basic and diluted income per share | $ 75.1 | $ 265.6 | $ 201.1 | |||||||||||||||||||||||||||||||
| Denominator: | ||||||||||||||||||||||||||||||||||
| Weighted-average number of common shares used in basic income per share | 40,733,000 | 42,400,000 | 45,384,000 | |||||||||||||||||||||||||||||||
| Dilutive securities — Employee stock options, restricted stock shares and restricted stock units | 0 | 631,000 | 622,000 | |||||||||||||||||||||||||||||||
| Weighted-average number of common shares and dilutive securities used in diluted income per share | 40,733,000 | 43,031,000 | 46,006,000 | |||||||||||||||||||||||||||||||
| Stock options | ||||||||||||||||||||||||||||||||||
| Stock-based Compensation | ||||||||||||||||||||||||||||||||||
| Options outstanding (in shares) | 505,000.000 | 0 | 505,000.000 | 0 | ||||||||||||||||||||||||||||||
| Restricted stock shares and restricted stock units | ||||||||||||||||||||||||||||||||||
| Stock-based Compensation | ||||||||||||||||||||||||||||||||||
| Number of options or units that were excluded from the computation of diluted income per share | 351,000 | |||||||||||||||||||||||||||||||||
| Unvested Restricted Stock And Restricted Stock Units that did not Meet Required Market Thresholds for Vesting | ||||||||||||||||||||||||||||||||||
| Stock-based Compensation | ||||||||||||||||||||||||||||||||||
| Number of options or units that were excluded from the computation of diluted income per share | 553,000 | 226,000 | 647,000 | |||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||
| X | ||||||||||
- Definition Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations attributable to the parent. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations attributable to the noncontrolling interest. Also defined as revenue less expenses and taxes from ongoing operations before extraordinary items but after deduction of those portions of income or loss from continuing operations that are allocable to noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition This element represents the overall income (loss) from a disposal group that is classified as a component of the entity, net of income tax, reported as a separate component of income before extraordinary items, which is apportioned to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This item includes the following (net of tax): income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Number of options outstanding, including both vested and non-vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Shareholders' Equity and Stock-Based Compensation (Details 2) - $ / shares |
12 Months Ended | ||||
|---|---|---|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
May. 14, 2015 |
May. 13, 2015 |
|
| Par value (in dollars per share) | $ 0.01 | $ 10.00 | |||
| Summary of common shares issued, treasury shares and shares outstanding | |||||
| Balance at the beginning of the period (in shares) | 40,858,006 | 45,281,000 | 48,304,000 | ||
| Stock options exercised (in shares) | 8,000 | ||||
| Share repurchases (in shares) | (4,852,000) | (3,493,000) | |||
| Restricted stock shares and restricted stock units (in shares) | 198,000 | 262,000 | 256,000 | ||
| Other (in shares) | 360,000 | 167,000 | 206,000 | ||
| Balance at the end of the period (in shares) | 41,415,909 | 40,858,006 | 45,281,000 | ||
| Common Stock | |||||
| Authorized shares | 200,000,000.0 | ||||
| Par value (in dollars per share) | $ 0.01 | ||||
| Summary of common shares issued, treasury shares and shares outstanding | |||||
| Balance at the beginning of the period (in shares) | 100,064,000 | 99,801,000 | 99,454,000 | ||
| Stock options exercised (in shares) | 8,000 | ||||
| Share repurchases (in shares) | 0 | 0 | |||
| Restricted stock shares and restricted stock units (in shares) | 102,000 | 96,000 | 133,000 | ||
| Other (in shares) | 360,000 | 167,000 | 206,000 | ||
| Balance at the end of the period (in shares) | 100,526,000 | 100,064,000 | 99,801,000 | ||
| Common Stock In Treasury | |||||
| Summary of common shares issued, treasury shares and shares outstanding | |||||
| Balance at the beginning of the period (in shares) | (59,206,000) | (54,520,000) | (51,150,000) | ||
| Stock options exercised (in shares) | 0 | ||||
| Share repurchases (in shares) | (4,852,000) | (3,493,000) | |||
| Restricted stock shares and restricted stock units (in shares) | 96,000 | 166,000 | 123,000 | ||
| Other (in shares) | 0 | 0 | 0 | ||
| Balance at the end of the period (in shares) | (59,110,000) | (59,206,000) | (54,520,000) | ||
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of shares of stock issued during the period that is attributable to transactions involving issuance of stock not separately disclosed. No definition available.
|
| X | ||||||||||
- Definition Number of shares issued during the period related to Restricted Stock Awards, net of any shares forfeited. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of shares that have been repurchased during the period and are being held in treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Shareholders' Equity and Stock-Based Compensation (Details 3) $ in Millions |
12 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|
Oct. 14, 2015 |
Jan. 02, 2015 |
Jan. 02, 2014 |
Apr. 01, 2013 |
Jan. 02, 2013 |
Dec. 31, 2015
USD ($)
shares
|
Dec. 31, 2014
USD ($)
shares
|
Dec. 31, 2013
USD ($)
|
|
| Stock-based Compensation | ||||||||
| Classification of excess tax benefits from stock-based compensation as financing cash flows | $ | $ 0.8 | $ 9.7 | $ 6.3 | |||||
| Maximum period over which the fair value of restricted stock shares and restricted stock units are amortized | 3 years | |||||||
| Assumptions in determining the fair value of awards granted | ||||||||
| Historical period upon which annual expected stock price volatility is based | 3 years | |||||||
| 2002 Stock Compensation Plan | ||||||||
| Stock-based Compensation | ||||||||
| Shares available for grant | shares | 443,000 | |||||||
| Reduction of shares available for grant | shares | 2 | |||||||
| Directors' Plan | ||||||||
| Stock-based Compensation | ||||||||
| Shares available for grant | shares | 27,000.000 | |||||||
| Minimum | ||||||||
| Assumptions in determining the fair value of awards granted | ||||||||
| Daily treasury yield curve period upon which average risk-free interest rate is based | 1 year | |||||||
| Maximum | ||||||||
| Assumptions in determining the fair value of awards granted | ||||||||
| Daily treasury yield curve period upon which average risk-free interest rate is based | 3 years | |||||||
| Restricted stock shares and restricted stock units | ||||||||
| Stock-based Compensation | ||||||||
| Compensation expense | $ | $ 34.5 | 33.1 | 26.5 | |||||
| Related tax benefit | $ | $ 13.1 | $ 12.6 | $ 10.1 | |||||
| Assumptions in determining the fair value of awards granted | ||||||||
| Annual expected stock price volatility (as a percent) | 33.70% | 35.50% | 36.30% | |||||
| Annual expected dividend yield (as a percent) | 1.02% | 1.29% | 1.42% | |||||
| Risk-free interest rate (as a percent) | 0.76% | 0.33% | 0.37% | |||||
| Correlation between total shareholder return for SPX and the applicable S&P index | 0.7631 | 0.7668 | 0.7778 | |||||
| Restricted stock shares and restricted stock units | Directors' Plan | ||||||||
| Stock-based Compensation | ||||||||
| Vesting period | 1 year | 1 year | 1 year | |||||
| Restricted stock shares and restricted stock units | S&P Composite 1500 Industrials Index | ||||||||
| Assumptions in determining the fair value of awards granted | ||||||||
| Annual expected stock price volatility (as a percent) | 19.90% | 21.20% | 22.40% | |||||
| Risk-free interest rate (as a percent) | 0.76% | 0.33% | 0.37% | |||||
| Restricted stock shares and restricted stock units | Minimum | ||||||||
| Stock-based Compensation | ||||||||
| Vesting period | 1 year | |||||||
| Restricted stock shares and restricted stock units | Maximum | ||||||||
| Stock-based Compensation | ||||||||
| Vesting period | 3 years | |||||||
| Target performance awards | ||||||||
| Stock-based Compensation | ||||||||
| Vesting period | 3 years | |||||||
| Target performance awards | Non-officer employees | ||||||||
| Stock-based Compensation | ||||||||
| Vesting period | 3 years | 3 years | 3 years | |||||
| Target performance awards | Officers | ||||||||
| Stock-based Compensation | ||||||||
| Vesting period | 3 years | 3 years | ||||||
| Target performance awards | Minimum | ||||||||
| Stock-based Compensation | ||||||||
| Percentage of target award, which can be earned by each eligible employee | 25.00% | |||||||
| Target performance awards | Maximum | ||||||||
| Stock-based Compensation | ||||||||
| Percentage of target award, which can be earned by each eligible employee | 125.00% | |||||||
| Target performance awards | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | SPX Flow, Inc | ||||||||
| Stock-based Compensation | ||||||||
| Percentage of target award, which can be earned by each eligible employee | 50.00% | |||||||
| Additional stock compensation expense | $ | $ 2.1 | |||||||
| Stock options | ||||||||
| Stock-based Compensation | ||||||||
| Vesting period | 3 years | |||||||
| Options outstanding (in shares) | shares | 505,000.000 | 0 | ||||||
| Assumptions in determining the fair value of awards granted | ||||||||
| Annual expected stock price volatility (as a percent) | 27.86% | 36.53% | ||||||
| Annual expected dividend yield (as a percent) | 0.00% | 1.75% | ||||||
| Risk-free interest rate (as a percent) | 1.64% | 1.97% | ||||||
| Expected Life of Options (in years) | 6 years | 6 years | ||||||
| Historical period upon which annual expected stock price volatility is based | 6 years | |||||||
| Daily treasury yield curve period upon which average risk-free interest rate is based | 7 years | |||||||
| X | ||||||||||
- Definition The maximum period over which the fair value of restricted stock and restricted stock units are amortized. No definition available.
|
| X | ||||||||||
- Definition The historical period upon which annual expected stock price volatility is based. No definition available.
|
| X | ||||||||||
- Definition Represents the daily treasury yield curve period, in years, upon which the average risk-free interest rate is based. No definition available.
|
| X | ||||||||||
- Definition Represents the assumed correlation between the total shareholder return for the entities stock and the S&P 500 Composite Index and the S&P Composite 1500 Industrials Index. No definition available.
|
| X | ||||||||||
- Definition Represents the amount by which common stock available is reduced for each share granted. No definition available.
|
| X | ||||||||||
- Definition Represents the percentage of the target award, which each participant can earn under the plan. No definition available.
|
| X | ||||||||||
- Definition Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The total recognized tax benefit related to compensation cost for equity-based payment arrangements recognized in income during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Number of options outstanding, including both vested and non-vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition An excess of the fair value of the modified award over the fair value of the award immediately before the modification. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Expected term of share-based compensation awards, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
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| X | ||||||||||
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- Details
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| X | ||||||||||
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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Shareholders' Equity and Stock-Based Compensation (Details 4) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions |
3 Months Ended | 9 Months Ended | 12 Months Ended | |||||
|---|---|---|---|---|---|---|---|---|
Oct. 14, 2015 |
Sep. 26, 2015 |
Jan. 02, 2015 |
Dec. 31, 2015 |
Sep. 26, 2015 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
|
| Stock option activity, Shares | ||||||||
| Exercised (in shares) | (8) | |||||||
| Restricted stock shares and restricted stock units | ||||||||
| Unvested Restricted Stock Shares and Restricted Stock Units | ||||||||
| Outstanding at the beginning of the period (in shares) | 1,168 | 1,168 | 1,537 | 1,935 | ||||
| Granted (in shares) | 510 | 451 | 519 | 652 | ||||
| Vested (in shares) | (262) | (604) | (754) | |||||
| Forfeited (in shares) | (284) | (296) | ||||||
| Canceled (in shares) | (11) | (212) | ||||||
| Outstanding at the end of the period (in shares) | 1,869 | 1,869 | 1,168 | 1,537 | ||||
| Weighted-Average Grant-Date Fair Value | ||||||||
| Outstanding at the beginning of the period (in dollars per share) | $ 69.22 | $ 69.22 | $ 58.39 | $ 54.70 | ||||
| Granted (in dollars per share) | $ 12.32 | 81.60 | 86.99 | 61.66 | ||||
| Vested (in dollars per share) | 78.71 | 59.49 | 54.34 | |||||
| Forfeited (in dollars per share) | 63.76 | 52.20 | ||||||
| Canceled (in dollars per share) | 20.34 | $ 52.67 | ||||||
| Outstanding at the end of the period (in dollars per share) | $ 17.63 | $ 17.63 | $ 69.22 | $ 58.39 | ||||
| Unrecognized compensation cost | ||||||||
| Unrecognized compensation cost related to restricted stock share and restricted stock unit | $ 13.1 | $ 13.1 | ||||||
| Weighted-average period over which unrecognized compensation costs will be recognized | 2 years 2 months 12 days | |||||||
| Restricted stock shares and restricted stock units | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | ||||||||
| Unvested Restricted Stock Shares and Restricted Stock Units | ||||||||
| Terminations (in shares) | (785) | |||||||
| Conversions (in shares) | 1,010 | |||||||
| Stock options | ||||||||
| Unrecognized compensation cost | ||||||||
| Unrecognized compensation cost related to restricted stock share and restricted stock unit | $ 3.2 | $ 3.2 | ||||||
| Weighted-average period over which unrecognized compensation costs will be recognized | 2 years 8 months 12 days | |||||||
| Stock option activity, Shares | ||||||||
| Options outstanding and exercisable at the beginning of the period (in shares) | 0 | 0 | 0 | 13 | ||||
| Exercised (in shares) | (8) | |||||||
| Terminations (in shares) | (5) | |||||||
| No activity (in shares) | 0 | |||||||
| Granted (in shares) | 883 | 323 | 883 | 323 | ||||
| Options outstanding and exercisable at the end of the period (in shares) | 1,047 | 1,047 | 0 | 0 | ||||
| Weighted-Average Exercise Price | ||||||||
| Options outstanding and exercisable at the beginning of the period (in dollars per share) | $ 0.00 | $ 0.00 | $ 0.00 | $ 62.45 | ||||
| Exercised (in dollars per share) | 50.79 | |||||||
| Terminations (in dollars per share) | 85.36 | |||||||
| No activity (in dollars per share) | 0.00 | |||||||
| Granted (in dollars per share) | $ 12.36 | $ 85.87 | ||||||
| Options outstanding and exercisable at the end of the period (in dollars per share) | $ 12.91 | $ 12.91 | $ 0.00 | $ 0.00 | ||||
| Stock option outstanding and exercisable | ||||||||
| Aggregate intrinsic value of options exercised | $ 0.4 | |||||||
| Stock options | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | ||||||||
| Stock option activity, Shares | ||||||||
| Terminations (in shares) | (282) | |||||||
| Conversion (in shares) | 123 | |||||||
| Weighted-Average Exercise Price | ||||||||
| Terminations (in dollars per share) | $ 85.87 | |||||||
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The number of shares reserved for issuance under stock option agreements awarded under the plan that validly exist and are outstanding and exercisable as of the balance sheet date. No definition available.
|
| X | ||||||||||
- Definition The weighted average price of options outstanding and exercisable as of the balance sheet date. No definition available.
|
| X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Canceled, Weighted Average Grant Date Fair Value No definition available.
|
| X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Canceled in Period No definition available.
|
| X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Conversions in Period No definition available.
|
| X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Terminations in Period No definition available.
|
| X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-based Payment Award, Options, Conversions No definition available.
|
| X | ||||||||||
- Definition Share-based Compensation Arrangement by Share-based Payment Award, Options, Terminations in Period No definition available.
|
| X | ||||||||||
- Definition Share-based Compensation Arrangements by Share-based Payment Award, Options, Terminations in Period, Weighted Average Exercise Price No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Unrecognized cost of unvested share-based compensation awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Definition The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of accumulated difference between fair value of underlying shares on dates of exercise and exercise price on options exercised (or share units converted) into shares. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Gross number of share options (or share units) granted during the period. No definition available.
|
| X | ||||||||||
- Definition The increase or decrease in number of shares reserved for issuance under stock option agreements awarded under the plan that validly exist and are outstanding, including vested options. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Change in the weighted average exercise price of options outstanding. No definition available.
|
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Definition Weighted average price at which option holders acquired shares when converting their stock options into shares. No definition available.
|
| X | ||||||||||
- Definition Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options. No definition available.
|
| X | ||||||||||
- Definition Number of share options (or share units) exercised during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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Shareholders' Equity and Stock-Based Compensation (Details 5) - USD ($) $ in Millions |
12 Months Ended | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
|||||||||||||
| Components of Accumulated Other Comprehensive income | |||||||||||||||
| Balance at beginning of period | $ 62.6 | ||||||||||||||
| Other comprehensive income (loss), net | (133.9) | $ (224.9) | $ 2.1 | ||||||||||||
| Balance at end of period | 283.3 | 62.6 | |||||||||||||
| Pension and postretirement liability adjustment and other, tax (provision) benefit | (0.1) | (5.2) | 1.0 | ||||||||||||
| SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | |||||||||||||||
| Components of Accumulated Other Comprehensive income | |||||||||||||||
| Other comprehensive income (loss), net | 354.6 | ||||||||||||||
| Accum. Other Comprehensive Income | |||||||||||||||
| Components of Accumulated Other Comprehensive income | |||||||||||||||
| Balance at beginning of period | 62.6 | 287.5 | |||||||||||||
| Other comprehensive income (loss) before reclassifications | (134.2) | (230.9) | |||||||||||||
| Amounts reclassified from accumulated other comprehensive income | 0.3 | 6.0 | |||||||||||||
| Other comprehensive income (loss), net | (133.9) | (224.9) | 2.7 | ||||||||||||
| Balance at end of period | 283.3 | 62.6 | 287.5 | ||||||||||||
| Foreign Currency Translation Adjustment | |||||||||||||||
| Components of Accumulated Other Comprehensive income | |||||||||||||||
| Balance at beginning of period | 59.0 | 296.8 | |||||||||||||
| Other comprehensive income (loss) before reclassifications | (132.9) | (237.8) | |||||||||||||
| Amounts reclassified from accumulated other comprehensive income | 0.0 | 0.0 | |||||||||||||
| Other comprehensive income (loss), net | (132.9) | (237.8) | |||||||||||||
| Balance at end of period | 280.6 | 59.0 | 296.8 | ||||||||||||
| Foreign Currency Translation Adjustment | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | |||||||||||||||
| Components of Accumulated Other Comprehensive income | |||||||||||||||
| Other comprehensive income (loss), net | 354.5 | ||||||||||||||
| Net Unrealized Losses on Qualifying Cash Flow Hedges | |||||||||||||||
| Components of Accumulated Other Comprehensive income | |||||||||||||||
| Balance at beginning of period | [2] | (1.3) | [1] | (0.8) | |||||||||||
| Other comprehensive income (loss) before reclassifications | (1.8) | [1] | (1.6) | [2] | |||||||||||
| Amounts reclassified from accumulated other comprehensive income | 1.2 | [1] | 1.1 | [2] | |||||||||||
| Other comprehensive income (loss), net | (0.6) | [1] | (0.5) | [2] | |||||||||||
| Balance at end of period | (1.8) | [1] | (1.3) | [1],[2] | (0.8) | [2] | |||||||||
| Net unrealized gain (loss) on qualifying cash flow hedges, tax benefit (provision) | 0.8 | 1.1 | 1.0 | ||||||||||||
| Net Unrealized Losses on Qualifying Cash Flow Hedges | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | |||||||||||||||
| Components of Accumulated Other Comprehensive income | |||||||||||||||
| Other comprehensive income (loss), net | [1] | 0.1 | |||||||||||||
| Net Unrealized Losses on Available-for- Sale Securities | |||||||||||||||
| Components of Accumulated Other Comprehensive income | |||||||||||||||
| Balance at beginning of period | 0.0 | (3.7) | |||||||||||||
| Other comprehensive income (loss) before reclassifications | 3.6 | ||||||||||||||
| Amounts reclassified from accumulated other comprehensive income | 0.1 | ||||||||||||||
| Other comprehensive income (loss), net | 3.7 | ||||||||||||||
| Balance at end of period | 0.0 | (3.7) | |||||||||||||
| Pension and Postretirement Liability Adjustment and Other | |||||||||||||||
| Components of Accumulated Other Comprehensive income | |||||||||||||||
| Balance at beginning of period | [4] | 4.9 | [3] | (4.8) | |||||||||||
| Other comprehensive income (loss) before reclassifications | 0.5 | [3] | 4.9 | [4] | |||||||||||
| Amounts reclassified from accumulated other comprehensive income | (0.9) | [3] | 4.8 | [4] | |||||||||||
| Other comprehensive income (loss), net | (0.4) | [3] | 9.7 | [4] | |||||||||||
| Balance at end of period | 4.5 | [3] | 4.9 | [3],[4] | (4.8) | [4] | |||||||||
| Pension and postretirement liability adjustment and other, tax (provision) benefit | 3.1 | $ (3.0) | 2.2 | ||||||||||||
| Pension and Postretirement Liability Adjustment and Other | EGS Electrical Group, LLC and Subsidiaries ("EGS") | |||||||||||||||
| Components of Accumulated Other Comprehensive income | |||||||||||||||
| Pension and postretirement liability adjustment and other, tax (provision) benefit | $ (5.0) | ||||||||||||||
| Pension and Postretirement Liability Adjustment and Other | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | |||||||||||||||
| Components of Accumulated Other Comprehensive income | |||||||||||||||
| Other comprehensive income (loss), net | [3] | $ 0.0 | |||||||||||||
| |||||||||||||||
| X | ||||||||||
- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Definition Amount after tax, before reclassification adjustments of other comprehensive income (loss). No definition available.
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of tax (expense) benefit, after reclassification adjustments, of (increase) decrease in accumulated other comprehensive (income) loss related to pension and other postretirement defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of tax expense (benefit), before reclassification adjustments, related to increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after tax of reclassification adjustments of other comprehensive income (loss). No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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| X | ||||||||||
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Shareholders' Equity and Stock-Based Compensation (Details 6) - USD ($) $ in Millions |
3 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2015 |
[1] | Sep. 26, 2015 |
Jun. 27, 2015 |
Mar. 28, 2015 |
[1] | Dec. 31, 2014 |
[1] | Sep. 27, 2014 |
Jun. 28, 2014 |
Mar. 29, 2014 |
[1] | Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
||||||||||||||||
| Amounts reclassified from each component of accumulated comprehensive income | ||||||||||||||||||||||||||||||
| Revenues | $ (509.5) | $ (374.1) | $ (459.4) | $ (376.3) | $ (555.6) | $ (489.6) | $ (489.1) | $ (418.4) | $ (1,719.3) | [2] | $ (1,952.7) | [2],[3] | $ (1,968.8) | [2],[3] | ||||||||||||||||
| Cost of products sold | 1,426.9 | 1,526.5 | 1,485.4 | |||||||||||||||||||||||||||
| Other income (expense), net | 12.3 | (486.5) | 5.8 | |||||||||||||||||||||||||||
| Selling, general and administrative | 425.7 | 561.8 | 443.9 | |||||||||||||||||||||||||||
| Pre-tax | 203.0 | (255.8) | 10.5 | |||||||||||||||||||||||||||
| Income taxes | (11.8) | 139.7 | (20.0) | |||||||||||||||||||||||||||
| Amounts reclassified from accumulated other comprehensive income | $ 12.7 | [4] | $ 130.6 | [4] | $ (36.3) | [4] | $ 10.0 | [4] | $ 44.8 | [4] | $ (63.6) | [4] | $ (49.8) | [4] | $ (315.3) | [4] | 117.0 | (383.9) | [3] | $ (212.3) | [3] | |||||||||
| Net Unrealized Losses on Qualifying Cash Flow Hedges | Amount Reclassified from AOCI | ||||||||||||||||||||||||||||||
| Amounts reclassified from each component of accumulated comprehensive income | ||||||||||||||||||||||||||||||
| Pre-tax | 2.2 | 1.5 | ||||||||||||||||||||||||||||
| Income taxes | (1.0) | (0.4) | ||||||||||||||||||||||||||||
| Amounts reclassified from accumulated other comprehensive income | 1.2 | 1.1 | ||||||||||||||||||||||||||||
| Net Unrealized Losses on Qualifying Cash Flow Hedges | FX forward contracts | Amount Reclassified from AOCI | ||||||||||||||||||||||||||||||
| Amounts reclassified from each component of accumulated comprehensive income | ||||||||||||||||||||||||||||||
| Revenues | (0.6) | 0.8 | ||||||||||||||||||||||||||||
| Net Unrealized Losses on Qualifying Cash Flow Hedges | Commodity contracts | Amount Reclassified from AOCI | ||||||||||||||||||||||||||||||
| Amounts reclassified from each component of accumulated comprehensive income | ||||||||||||||||||||||||||||||
| Cost of products sold | 2.8 | 0.7 | ||||||||||||||||||||||||||||
| Pension and Postretirement Liability Adjustment and Other | Amount Reclassified from AOCI | ||||||||||||||||||||||||||||||
| Amounts reclassified from each component of accumulated comprehensive income | ||||||||||||||||||||||||||||||
| Other income (expense), net | 0.0 | 7.4 | ||||||||||||||||||||||||||||
| Selling, general and administrative | (1.1) | (0.3) | ||||||||||||||||||||||||||||
| Pre-tax | (1.1) | 7.1 | ||||||||||||||||||||||||||||
| Income taxes | 0.2 | (2.3) | ||||||||||||||||||||||||||||
| Amounts reclassified from accumulated other comprehensive income | $ (0.9) | $ 4.8 | ||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||
| X | ||||||||||
- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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| X | ||||||||||
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Shareholders' Equity and Stock-Based Compensation (Details 7) - USD ($) |
1 Months Ended | 12 Months Ended | ||||
|---|---|---|---|---|---|---|
Dec. 18, 2013 |
Jan. 31, 2013 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
Feb. 16, 2012 |
|
| Common stock repurchased (in shares) | 4,852,000 | 3,493,000 | ||||
| Total cash consideration paid for common stock repurchased | $ 0 | $ 488,800,000 | $ 260,200,000 | |||
| Dividends | ||||||
| Dividends declared | 30,900,000 | 63,200,000 | 45,500,000 | |||
| Dividends paid | $ 45,900,000 | $ 59,800,000 | $ 34,700,000 | |||
| Preferred Stock | ||||||
| Authorized no par value preferred stock (in shares) | 3,000,000.0 | 3,000,000 | 3,000,000 | |||
| Common Stock In Treasury | ||||||
| Common stock repurchased (in shares) | 4,852,000 | 3,493,000 | ||||
| Common Stock in Treasury | ||||||
| Decrease in stock by the settlement of restricted stock units | $ 7,000,000 | $ 13,800,000 | $ 14,200,000 | |||
| Increase in the stock for common stock surrendered by recipients of restricted stock as a means of funding minimum income tax withholding | $ 1,800,000 | $ 7,900,000 | $ 11,000,000 | |||
| Common Stock In Treasury | Share Repurchase Program | ||||||
| Authorized repurchase amount under the written trading plan | $ 500,000,000.0 | $ 350,000,000.0 | ||||
| Common stock repurchased (in shares) | 115,000 | 1,514,000 | 4,852,000 | 1,864,000 | ||
| Total cash consideration paid for common stock repurchased | $ 11,200,000 | $ 104,400,000 | $ 488,800,000 | $ 144,600,000 | ||
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of adjustment to stockholders' equity associated with an employee's income tax withholding obligation as part of a net-share settlement of a share-based award. No definition available.
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| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of paid and unpaid common stock dividends declared with the form of settlement in cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Value of stock (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of stock value of such awards forfeited. Stock issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of stock repurchase plan authorized. No definition available.
|
| X | ||||||||||
- Definition Number of shares that have been repurchased during the period and are being held in treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value (Details) - USD ($) |
3 Months Ended | 12 Months Ended | |||
|---|---|---|---|---|---|
Dec. 31, 2015 |
Dec. 31, 2015 |
Dec. 31, 2014 |
|||
| Fair Value Disclosures [Abstract] | |||||
| Asset transfers between levels | $ 0 | $ 0 | |||
| Liability transfers between levels | 0 | 0 | |||
| Carrying Amount | |||||
| Fair value of other financial liabilities | |||||
| Fair value of debt instruments | $ 372,100,000 | 372,100,000 | 719,500,000 | ||
| Power segment | |||||
| Fair value of other financial liabilities | |||||
| Impairment charge | [1] | 13,700,000 | |||
| Cooling | |||||
| Fair value of other financial liabilities | |||||
| Impairment charges | 18,000,000 | ||||
| Balcke Duerr Reporting Unit | Power segment | |||||
| Fair value of other financial liabilities | |||||
| Impairment charge | 13,700,000 | ||||
| Quoted Prices in Active Markets for Identical Assets (Level 1) | Other current assets — FX embedded derivatives | Recurring basis | |||||
| Assets and liabilities measured at fair value on a recurring basis | |||||
| Fair value of derivative assets | 0 | 0 | 0 | ||
| Quoted Prices in Active Markets for Identical Assets (Level 1) | Other assets — FX embedded derivatives | Recurring basis | |||||
| Assets and liabilities measured at fair value on a recurring basis | |||||
| Fair value of derivative assets | 0 | 0 | 0 | ||
| Quoted Prices in Active Markets for Identical Assets (Level 1) | Accrued expenses — FX forward contracts, FX embedded derivatives and commodity contracts | Recurring basis | |||||
| Assets and liabilities measured at fair value on a recurring basis | |||||
| Fair value of derivative liability | 0 | 0 | 0 | ||
| Quoted Prices in Active Markets for Identical Assets (Level 1) | Other long-term liabilities — FX embedded derivatives and FX forward contracts | Recurring basis | |||||
| Assets and liabilities measured at fair value on a recurring basis | |||||
| Fair value of derivative liability | 0 | 0 | 0 | ||
| Significant Observable Inputs (Level 2) | Other current assets — FX embedded derivatives | Recurring basis | |||||
| Assets and liabilities measured at fair value on a recurring basis | |||||
| Fair value of derivative assets | 8,000,000 | 8,000,000 | 4,100,000 | ||
| Significant Observable Inputs (Level 2) | Other assets — FX embedded derivatives | Recurring basis | |||||
| Assets and liabilities measured at fair value on a recurring basis | |||||
| Fair value of derivative assets | 3,100,000 | 3,100,000 | 1,200,000 | ||
| Significant Observable Inputs (Level 2) | Accrued expenses — FX forward contracts, FX embedded derivatives and commodity contracts | Recurring basis | |||||
| Assets and liabilities measured at fair value on a recurring basis | |||||
| Fair value of derivative liability | (6,600,000) | (6,600,000) | (9,400,000) | ||
| Significant Observable Inputs (Level 2) | Other long-term liabilities — FX embedded derivatives and FX forward contracts | Recurring basis | |||||
| Assets and liabilities measured at fair value on a recurring basis | |||||
| Fair value of derivative liability | (1,300,000) | (1,300,000) | (700,000) | ||
| Significant Unobservable Inputs (Level 3) | Power segment | Trademarks | |||||
| Fair value of other financial liabilities | |||||
| Impairment charge related to trademarks | 10,900,000 | ||||
| Significant Unobservable Inputs (Level 3) | Balcke Duerr Reporting Unit | |||||
| Fair value of other financial liabilities | |||||
| Impairment charge | 13,700,000 | ||||
| Significant Unobservable Inputs (Level 3) | Other current assets — FX embedded derivatives | Recurring basis | |||||
| Assets and liabilities measured at fair value on a recurring basis | |||||
| Fair value of derivative assets | 0 | 0 | 0 | ||
| Significant Unobservable Inputs (Level 3) | Other assets — FX embedded derivatives | Recurring basis | |||||
| Assets and liabilities measured at fair value on a recurring basis | |||||
| Fair value of derivative assets | 0 | 0 | 0 | ||
| Significant Unobservable Inputs (Level 3) | Accrued expenses — FX forward contracts, FX embedded derivatives and commodity contracts | Recurring basis | |||||
| Assets and liabilities measured at fair value on a recurring basis | |||||
| Fair value of derivative liability | 0 | 0 | 0 | ||
| Significant Unobservable Inputs (Level 3) | Other long-term liabilities — FX embedded derivatives and FX forward contracts | Recurring basis | |||||
| Assets and liabilities measured at fair value on a recurring basis | |||||
| Fair value of derivative liability | $ 0 | $ 0 | $ 0 | ||
| |||||
| X | ||||||||||
- Definition Represents the transfer of assets between the levels of fair value hierarchy that have taken place during the period. No definition available.
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| X | ||||||||||
- Definition Represents the transfer of liabilities between the levels of fair value hierarchy that have taken place during the period. No definition available.
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| X | ||||||||||
- Definition Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of an intangible asset (excluding goodwill) to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of impairment loss resulting from write-down of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit to fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Quarterly Results (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Millions |
3 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jan. 07, 2014 |
Dec. 31, 2015 |
Sep. 26, 2015 |
Jun. 27, 2015 |
Mar. 28, 2015 |
Dec. 31, 2014 |
Sep. 27, 2014 |
Jun. 28, 2014 |
Mar. 29, 2014 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
Dec. 31, 2007 |
|||||||||||||||||||||||||||||||||
| Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||
| Operating revenues | $ 509.5 | [1] | $ 374.1 | $ 459.4 | $ 376.3 | [1] | $ 555.6 | [1] | $ 489.6 | $ 489.1 | $ 418.4 | [1] | $ 1,719.3 | [2] | $ 1,952.7 | [2],[3] | $ 1,968.8 | [2],[3] | |||||||||||||||||||||||||||
| Gross profit | 119.0 | [1] | 2.9 | 96.0 | 74.5 | [1] | 111.9 | [1] | 112.5 | 108.2 | 93.6 | [1] | 426.2 | [3] | 483.4 | [3] | |||||||||||||||||||||||||||||
| Income (loss) from continuing operations, net of tax | (7.6) | [1],[4],[5] | (130.7) | [4],[5] | (11.9) | [4],[5] | (41.0) | [1],[4],[5] | (101.4) | [1],[4],[5] | (12.2) | [4],[5] | (19.2) | [4],[5] | 248.9 | [1],[4],[5] | (191.2) | 116.1 | [3] | 9.5 | [3] | ||||||||||||||||||||||||
| Income from discontinued operations | (5.1) | [1],[6] | 0.1 | [6] | 48.2 | [6] | 31.0 | [1],[6] | 56.6 | [1],[6] | 75.8 | [6] | 69.0 | [6] | 66.4 | [1],[6] | 74.2 | [7] | 267.8 | [3] | 202.8 | [3] | |||||||||||||||||||||||
| Net income (loss) | (12.7) | [1],[4] | (130.6) | [4] | 36.3 | [4] | (10.0) | [1],[4] | (44.8) | [1],[4] | 63.6 | [4] | 49.8 | [4] | 315.3 | [1],[4] | (117.0) | 383.9 | [3] | 212.3 | [3] | ||||||||||||||||||||||||
| Less: Net income (loss) attributable to noncontrolling interests | (3.2) | [1],[5] | (25.6) | [5] | (2.6) | [5] | (2.9) | [1],[5] | (8.2) | [1],[5] | 0.3 | [5] | (1.2) | [5] | (0.4) | [1],[5] | (34.3) | (9.5) | [3] | 2.4 | [3] | ||||||||||||||||||||||||
| Net income (loss) attributable to SPX Corporation common shareholders | $ (9.5) | [1],[4] | $ (105.0) | [4] | $ 38.9 | [4] | $ (7.1) | [1],[4] | $ (36.6) | [1],[4] | $ 63.3 | [4] | $ 51.0 | [4] | $ 315.7 | [1],[4] | $ (82.7) | $ 393.4 | [3] | $ 209.9 | [3] | ||||||||||||||||||||||||
| Basic income (loss) per share of common stock: | |||||||||||||||||||||||||||||||||||||||||||||
| Continuing operations (in dollars per share) | $ (0.11) | [1] | $ (2.58) | $ (0.24) | $ (0.95) | [1] | $ (2.27) | [1] | $ (0.28) | $ (0.40) | $ 5.63 | [1] | $ (3.87) | $ 3.01 | $ 0.19 | ||||||||||||||||||||||||||||||
| Discontinued operations, net of tax (in dollars per share) | (0.12) | [1] | 0.00 | 1.20 | 0.77 | [1] | 1.37 | [1] | 1.79 | 1.58 | 1.51 | [1] | 1.84 | 6.27 | 4.43 | ||||||||||||||||||||||||||||||
| Net income (loss) per share attributable to SPX Corporation common shareholders (in dollars per share) | (0.23) | [1],[4] | (2.58) | [4] | 0.96 | [4] | (0.18) | [1],[4] | (0.90) | [1],[4] | 1.51 | [4] | 1.18 | [4] | 7.14 | [1],[4] | (2.03) | 9.28 | [8] | 4.62 | [3] | ||||||||||||||||||||||||
| Diluted income (loss) per share of common stock: | |||||||||||||||||||||||||||||||||||||||||||||
| Continuing operations (in dollars per share) | (0.11) | [1],[4] | (2.58) | [4] | (0.24) | [4] | (0.95) | [1],[4] | (2.27) | [1],[4] | (0.28) | [4] | (0.40) | [4] | 5.52 | [1],[4] | (3.87) | 2.97 | 0.19 | ||||||||||||||||||||||||||
| Discontinued operations, net of tax (in dollars per share) | (0.12) | [1] | 0.00 | 1.20 | 0.77 | [1] | 1.37 | [1] | 1.79 | 1.58 | 1.48 | [1] | 1.84 | 6.17 | 4.37 | ||||||||||||||||||||||||||||||
| Net income (loss) per share attributable to SPX Corporation common shareholders (in dollars per share) | $ (0.23) | [1],[4] | $ (2.58) | [4] | $ 0.96 | [4] | $ (0.18) | [1],[4] | $ (0.90) | [1],[4] | $ 1.51 | [4] | $ 1.18 | [4] | $ 7.00 | [1],[4] | $ (2.03) | $ 9.14 | [8] | $ 4.56 | [3] | ||||||||||||||||||||||||
| Other Information Related to Quarterly Results | |||||||||||||||||||||||||||||||||||||||||||||
| Loss on early extinguishment of debt | $ (1.4) | $ (32.5) | $ 0.0 | ||||||||||||||||||||||||||||||||||||||||||
| Reduction in revenues | $ (509.5) | [1] | $ (374.1) | $ (459.4) | $ (376.3) | [1] | $ (555.6) | [1] | $ (489.6) | $ (489.1) | $ (418.4) | [1] | (1,719.3) | [2] | (1,952.7) | [2],[3] | (1,968.8) | [2],[3] | |||||||||||||||||||||||||||
| Reduction in segment income | 170.0 | 179.5 | (15.8) | ||||||||||||||||||||||||||||||||||||||||||
| Increase in net loss attributable to noncontrolling interests | (3.2) | [1],[5] | $ (25.6) | [5] | (2.6) | [5] | (2.9) | [1],[5] | (8.2) | [1],[5] | $ 0.3 | [5] | $ (1.2) | [5] | (0.4) | [1],[5] | (34.3) | (9.5) | [3] | 2.4 | [3] | ||||||||||||||||||||||||
| Pretax actuarial losses | 12.0 | 14.8 | 80.6 | ||||||||||||||||||||||||||||||||||||||||||
| Impairment charges | $ 0.3 | 0.0 | 0.3 | ||||||||||||||||||||||||||||||||||||||||||
| Cash consideration, exclusive of cash transferred | 108.6 | 13.5 | |||||||||||||||||||||||||||||||||||||||||||
| Gain (loss) on sale of business, net of tax | $ (5.2) | 13.3 | (4.0) | ||||||||||||||||||||||||||||||||||||||||||
| Number of days in the quarter | 91 days | 91 days | 91 days | ||||||||||||||||||||||||||||||||||||||||||
| Decrease in income from continuing operations | 7.6 | [1],[4],[5] | $ 130.7 | [4],[5] | 11.9 | [4],[5] | 41.0 | [1],[4],[5] | 101.4 | [1],[4],[5] | $ 12.2 | [4],[5] | $ 19.2 | [4],[5] | (248.9) | [1],[4],[5] | 191.2 | (116.1) | [3] | (9.5) | [3] | ||||||||||||||||||||||||
| Decrease in net income | 12.7 | [1],[4] | 130.6 | [4] | (36.3) | [4] | 10.0 | [1],[4] | 44.8 | [1],[4] | (63.6) | [4] | (49.8) | [4] | (315.3) | [1],[4] | 117.0 | (383.9) | [3] | (212.3) | [3] | ||||||||||||||||||||||||
| Decrease in net income attributable to SPX Corporation common shareholders | $ 9.5 | [1],[4] | $ 105.0 | [4] | $ (38.9) | [4] | $ 7.1 | [1],[4] | $ 36.6 | [1],[4] | $ (63.3) | [4] | $ (51.0) | [4] | $ (315.7) | [1],[4] | $ 82.7 | $ (393.4) | [3] | $ (209.9) | [3] | ||||||||||||||||||||||||
| Decrease in basic earnings per share | $ 0.11 | [1] | $ 2.58 | $ 0.24 | $ 0.95 | [1] | $ 2.27 | [1] | $ 0.28 | $ 0.40 | $ (5.63) | [1] | $ 3.87 | $ (3.01) | $ (0.19) | ||||||||||||||||||||||||||||||
| Decrease in diluted earnings per share | 0.11 | [1],[4] | 2.58 | [4] | 0.24 | [4] | 0.95 | [1],[4] | 2.27 | [1],[4] | 0.28 | [4] | 0.40 | [4] | (5.52) | [1],[4] | 3.87 | (2.97) | (0.19) | ||||||||||||||||||||||||||
| Decrease in net income (loss) per basic share attributable to SPX Corporation common shareholders | 0.23 | [1],[4] | 2.58 | [4] | (0.96) | [4] | 0.18 | [1],[4] | 0.90 | [1],[4] | (1.51) | [4] | (1.18) | [4] | (7.14) | [1],[4] | 2.03 | (9.28) | [8] | (4.62) | [3] | ||||||||||||||||||||||||
| Decrease in net income (loss) per diluted share attributable to SPX Corporation common shareholders | $ 0.23 | [1],[4] | $ 2.58 | [4] | $ (0.96) | [4] | $ 0.18 | [1],[4] | $ 0.90 | [1],[4] | $ (1.51) | [4] | $ (1.18) | [4] | $ (7.00) | [1],[4] | $ 2.03 | $ (9.14) | [8] | $ (4.56) | [3] | ||||||||||||||||||||||||
| TPS | |||||||||||||||||||||||||||||||||||||||||||||
| Other Information Related to Quarterly Results | |||||||||||||||||||||||||||||||||||||||||||||
| Cash consideration, exclusive of cash transferred | $ 42.5 | ||||||||||||||||||||||||||||||||||||||||||||
| Gain (loss) on sale of business, net of tax | 21.5 | ||||||||||||||||||||||||||||||||||||||||||||
| Power segment | |||||||||||||||||||||||||||||||||||||||||||||
| Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||
| Operating revenues | [9] | $ 957.9 | $ 1,172.6 | $ 1,200.2 | |||||||||||||||||||||||||||||||||||||||||
| Other Information Related to Quarterly Results | |||||||||||||||||||||||||||||||||||||||||||||
| Reduction in revenues | [9] | (957.9) | (1,172.6) | (1,200.2) | |||||||||||||||||||||||||||||||||||||||||
| Impairment charges | $ 13.7 | $ 28.9 | |||||||||||||||||||||||||||||||||||||||||||
| South Africa | |||||||||||||||||||||||||||||||||||||||||||||
| Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||
| Operating revenues | [2] | 54.2 | 109.2 | 234.2 | |||||||||||||||||||||||||||||||||||||||||
| Other Information Related to Quarterly Results | |||||||||||||||||||||||||||||||||||||||||||||
| Reduction in revenues | [2] | (54.2) | (109.2) | (234.2) | |||||||||||||||||||||||||||||||||||||||||
| South Africa | Detection and Measurement segment | |||||||||||||||||||||||||||||||||||||||||||||
| Other Information Related to Quarterly Results | |||||||||||||||||||||||||||||||||||||||||||||
| Reduction in revenue and segment income | 25.0 | ||||||||||||||||||||||||||||||||||||||||||||
| Scenario, Adjustment | |||||||||||||||||||||||||||||||||||||||||||||
| Other Information Related to Quarterly Results | |||||||||||||||||||||||||||||||||||||||||||||
| Reduction in segment income | 0.9 | 2.4 | |||||||||||||||||||||||||||||||||||||||||||
| Scenario, Adjustment | Power segment | |||||||||||||||||||||||||||||||||||||||||||||
| Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||
| Operating revenues | $ (57.2) | (25.0) | |||||||||||||||||||||||||||||||||||||||||||
| Less: Net income (loss) attributable to noncontrolling interests | 23.8 | 6.3 | |||||||||||||||||||||||||||||||||||||||||||
| Other Information Related to Quarterly Results | |||||||||||||||||||||||||||||||||||||||||||||
| Reduction in revenues | 57.2 | 25.0 | |||||||||||||||||||||||||||||||||||||||||||
| Reduction in segment income | 95.0 | 25.0 | |||||||||||||||||||||||||||||||||||||||||||
| Increase in net loss attributable to noncontrolling interests | $ 23.8 | 6.3 | |||||||||||||||||||||||||||||||||||||||||||
| Restatement Adjustment | |||||||||||||||||||||||||||||||||||||||||||||
| Quarterly Financial Information Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||
| Operating revenues | [10] | 0.0 | 0.0 | ||||||||||||||||||||||||||||||||||||||||||
| Gross profit | [10] | 0.0 | 0.0 | ||||||||||||||||||||||||||||||||||||||||||
| Income (loss) from continuing operations, net of tax | (1.6) | $ (0.2) | $ (0.2) | (2.5) | (4.5) | [10] | (0.3) | [10] | |||||||||||||||||||||||||||||||||||||
| Income from discontinued operations | [10] | 0.0 | 0.0 | ||||||||||||||||||||||||||||||||||||||||||
| Net income (loss) | (1.6) | (0.2) | (0.2) | (2.5) | (4.5) | [10] | (0.3) | [10] | |||||||||||||||||||||||||||||||||||||
| Less: Net income (loss) attributable to noncontrolling interests | [10] | 0.0 | 0.0 | ||||||||||||||||||||||||||||||||||||||||||
| Net income (loss) attributable to SPX Corporation common shareholders | $ (1.6) | $ (0.2) | $ (0.2) | $ (2.5) | (4.5) | [10] | (0.3) | [10] | |||||||||||||||||||||||||||||||||||||
| Basic income (loss) per share of common stock: | |||||||||||||||||||||||||||||||||||||||||||||
| Continuing operations (in dollars per share) | $ (0.04) | $ (0.01) | $ (0.01) | $ (0.06) | |||||||||||||||||||||||||||||||||||||||||
| Net income (loss) per share attributable to SPX Corporation common shareholders (in dollars per share) | (0.04) | (0.01) | (0.01) | (0.06) | |||||||||||||||||||||||||||||||||||||||||
| Diluted income (loss) per share of common stock: | |||||||||||||||||||||||||||||||||||||||||||||
| Continuing operations (in dollars per share) | (0.04) | (0.01) | (0.01) | (0.06) | |||||||||||||||||||||||||||||||||||||||||
| Net income (loss) per share attributable to SPX Corporation common shareholders (in dollars per share) | $ (0.04) | $ (0.01) | $ (0.01) | $ (0.06) | |||||||||||||||||||||||||||||||||||||||||
| Other Information Related to Quarterly Results | |||||||||||||||||||||||||||||||||||||||||||||
| Reduction in revenues | [10] | 0.0 | 0.0 | ||||||||||||||||||||||||||||||||||||||||||
| Increase in net loss attributable to noncontrolling interests | [10] | 0.0 | 0.0 | ||||||||||||||||||||||||||||||||||||||||||
| Decrease in income from continuing operations | $ 1.6 | $ 0.2 | $ 0.2 | $ 2.5 | 4.5 | [10] | 0.3 | [10] | |||||||||||||||||||||||||||||||||||||
| Decrease in net income | 1.6 | 0.2 | 0.2 | 2.5 | 4.5 | [10] | 0.3 | [10] | |||||||||||||||||||||||||||||||||||||
| Decrease in net income attributable to SPX Corporation common shareholders | $ 1.6 | $ 0.2 | $ 0.2 | $ 2.5 | 4.5 | [10] | $ 0.3 | [10] | |||||||||||||||||||||||||||||||||||||
| Decrease in basic earnings per share | $ 0.04 | $ 0.01 | $ 0.01 | $ 0.06 | |||||||||||||||||||||||||||||||||||||||||
| Decrease in diluted earnings per share | 0.04 | 0.01 | 0.01 | 0.06 | |||||||||||||||||||||||||||||||||||||||||
| Decrease in net income (loss) per basic share attributable to SPX Corporation common shareholders | 0.04 | 0.01 | 0.01 | 0.06 | |||||||||||||||||||||||||||||||||||||||||
| Decrease in net income (loss) per diluted share attributable to SPX Corporation common shareholders | $ 0.04 | $ 0.01 | $ 0.01 | $ 0.06 | |||||||||||||||||||||||||||||||||||||||||
| Domestic Pension Plans | |||||||||||||||||||||||||||||||||||||||||||||
| Other Information Related to Quarterly Results | |||||||||||||||||||||||||||||||||||||||||||||
| Pre-tax loss related to settlement charge | $ 15.3 | ||||||||||||||||||||||||||||||||||||||||||||
| Pretax actuarial losses | $ (9.2) | 59.5 | |||||||||||||||||||||||||||||||||||||||||||
| 7.625% senior notes | |||||||||||||||||||||||||||||||||||||||||||||
| Other Information Related to Quarterly Results | |||||||||||||||||||||||||||||||||||||||||||||
| Interest rate percentage | 7.625% | ||||||||||||||||||||||||||||||||||||||||||||
| Loss on early extinguishment of debt | (32.5) | ||||||||||||||||||||||||||||||||||||||||||||
| EGS Electrical Group, LLC and Subsidiaries ("EGS") | |||||||||||||||||||||||||||||||||||||||||||||
| Other Information Related to Quarterly Results | |||||||||||||||||||||||||||||||||||||||||||||
| Percentage of interest held in joint venture | 44.50% | 44.50% | |||||||||||||||||||||||||||||||||||||||||||
| Proceeds from sale of interest in joint venture | $ 574.1 | 574.1 | |||||||||||||||||||||||||||||||||||||||||||
| Gain on sale of interest in joint venture | $ 491.2 | $ 491.2 | |||||||||||||||||||||||||||||||||||||||||||
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| X | ||||||||||
- Definition Represents the number of days for which the entity reports its quarterly results of operations. No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Represents the reduction in revenue and segment income resulting from business environment condition changes. No definition available.
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| X | ||||||||||
- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The pretax net amount of gains and losses that are not yet recognized as a component of net periodic benefit cost, and that are recognized as increases or decreases in other comprehensive income as they arise. Gains and losses are due to changes in the value of either the benefit obligation or the plan assets resulting from experience different from that assumed or from a change in an actuarial assumption, or the consequence of a decision to temporarily deviate from the substantive plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of gain (loss) related to change in benefit obligation resulting from changes in actuarial assumptions, for example, but not limited to, interest, mortality, employee turnover, salary, and temporary deviation from the substantive plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of gain (loss), after tax expense or benefit and not previously recognized, resulting from the sale of a business component. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition This item represents the amount of net sales proceeds received on disposal of an equity method investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of an equity method investment. No definition available.
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| X | ||||||||||
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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| X | ||||||||||
- Definition This element represents the cash inflow during the period from the sale of a component of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
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Reconciliation of Previously Reported Amounts Revised and Restated (Details) - USD ($) $ / shares in Units, $ in Millions |
3 Months Ended | 12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2015 |
Sep. 26, 2015 |
Jun. 27, 2015 |
Mar. 28, 2015 |
[1] | Dec. 31, 2014 |
Sep. 27, 2014 |
Jun. 28, 2014 |
Mar. 29, 2014 |
Dec. 31, 2015 |
Dec. 31, 2014 |
Dec. 31, 2013 |
||||||||||||||||||||||||||||||||||
| Quantifying Misstatement in Current Year Financial Statements [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
| Revenues | $ 509.5 | [1] | $ 374.1 | $ 459.4 | $ 376.3 | $ 555.6 | [1] | $ 489.6 | $ 489.1 | $ 418.4 | [1] | $ 1,719.3 | [2] | $ 1,952.7 | [2],[3] | $ 1,968.8 | [2],[3] | ||||||||||||||||||||||||||||
| Gross profit | 119.0 | [1] | 2.9 | 96.0 | 74.5 | 111.9 | [1] | 112.5 | 108.2 | 93.6 | [1] | 426.2 | [3] | 483.4 | [3] | ||||||||||||||||||||||||||||||
| Income (loss) from continuing operations | (7.6) | [1],[4],[5] | (130.7) | [4],[5] | (11.9) | [4],[5] | (41.0) | [4],[5] | (101.4) | [1],[4],[5] | (12.2) | [4],[5] | (19.2) | [4],[5] | 248.9 | [1],[4],[5] | (191.2) | 116.1 | [3] | 9.5 | [3] | ||||||||||||||||||||||||
| Income from discontinued operations | (5.1) | [1],[6] | 0.1 | [6] | 48.2 | [6] | 31.0 | [6] | 56.6 | [1],[6] | 75.8 | [6] | 69.0 | [6] | 66.4 | [1],[6] | 74.2 | [7] | 267.8 | [3] | 202.8 | [3] | |||||||||||||||||||||||
| Net income (loss) | (12.7) | [1],[4] | (130.6) | [4] | 36.3 | [4] | (10.0) | [4] | (44.8) | [1],[4] | 63.6 | [4] | 49.8 | [4] | 315.3 | [1],[4] | (117.0) | 383.9 | [3] | 212.3 | [3] | ||||||||||||||||||||||||
| Less: Net income (loss) attributable to noncontrolling interests | (3.2) | [1],[5] | (25.6) | [5] | (2.6) | [5] | (2.9) | [5] | (8.2) | [1],[5] | 0.3 | [5] | (1.2) | [5] | (0.4) | [1],[5] | (34.3) | (9.5) | [3] | 2.4 | [3] | ||||||||||||||||||||||||
| Net income (loss) attributable to SPX Corporation common shareholders | $ (9.5) | [1],[4] | $ (105.0) | [4] | $ 38.9 | [4] | $ (7.1) | [4] | $ (36.6) | [1],[4] | $ 63.3 | [4] | $ 51.0 | [4] | $ 315.7 | [1],[4] | $ (82.7) | $ 393.4 | [3] | $ 209.9 | [3] | ||||||||||||||||||||||||
| Basic income per share of common stock attributable to SPX Corporation common shareholders | $ (0.23) | [1],[4] | $ (2.58) | [4] | $ 0.96 | [4] | $ (0.18) | [4] | $ (0.90) | [1],[4] | $ 1.51 | [4] | $ 1.18 | [4] | $ 7.14 | [1],[4] | $ (2.03) | $ 9.28 | [8] | $ 4.62 | [3] | ||||||||||||||||||||||||
| Diluted income per share of common stock attributable to SPX Corporation common shareholders | $ (0.23) | [1],[4] | $ (2.58) | [4] | $ 0.96 | [4] | $ (0.18) | [4] | $ (0.90) | [1],[4] | $ 1.51 | [4] | $ 1.18 | [4] | $ 7.00 | [1],[4] | $ (2.03) | $ 9.14 | [8] | $ 4.56 | [3] | ||||||||||||||||||||||||
| ASSETS | |||||||||||||||||||||||||||||||||||||||||||||
| Intangibles, net | $ 154.2 | $ 169.2 | [3] | $ 154.2 | $ 169.2 | [3] | |||||||||||||||||||||||||||||||||||||||
| Other assets | 631.6 | 623.0 | [3] | 631.6 | 623.0 | [3] | |||||||||||||||||||||||||||||||||||||||
| Liabilities: | |||||||||||||||||||||||||||||||||||||||||||||
| Deferred and other income taxes | 55.2 | 69.1 | [3] | 55.2 | 69.1 | [3] | |||||||||||||||||||||||||||||||||||||||
| Equity: | |||||||||||||||||||||||||||||||||||||||||||||
| Retained earnings | 897.8 | 2,628.6 | [3] | 897.8 | 2,628.6 | [3] | |||||||||||||||||||||||||||||||||||||||
| Previously Reported | |||||||||||||||||||||||||||||||||||||||||||||
| Quantifying Misstatement in Current Year Financial Statements [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
| Revenues | 4,721.1 | [8] | $ 4,773.3 | [3] | |||||||||||||||||||||||||||||||||||||||||
| Gross profit | 1,363.6 | [8] | 1,381.0 | [3] | |||||||||||||||||||||||||||||||||||||||||
| Income (loss) from continuing operations | 380.1 | [8] | 211.3 | [3] | |||||||||||||||||||||||||||||||||||||||||
| Income from discontinued operations | 8.3 | [8] | 1.3 | [3] | |||||||||||||||||||||||||||||||||||||||||
| Net income (loss) | 388.4 | [8] | 212.6 | [3] | |||||||||||||||||||||||||||||||||||||||||
| Less: Net income (loss) attributable to noncontrolling interests | (9.5) | [8] | 2.4 | [3] | |||||||||||||||||||||||||||||||||||||||||
| Net income (loss) attributable to SPX Corporation common shareholders | $ 397.9 | [8] | $ 210.2 | [3] | |||||||||||||||||||||||||||||||||||||||||
| Basic income per share of common stock attributable to SPX Corporation common shareholders | $ 9.38 | [8] | $ 4.63 | [3] | |||||||||||||||||||||||||||||||||||||||||
| Diluted income per share of common stock attributable to SPX Corporation common shareholders | $ 9.25 | [8] | $ 4.57 | [3] | |||||||||||||||||||||||||||||||||||||||||
| ASSETS | |||||||||||||||||||||||||||||||||||||||||||||
| Intangibles, net | [8] | 831.0 | $ 831.0 | ||||||||||||||||||||||||||||||||||||||||||
| Other assets | [8] | 729.8 | 729.8 | ||||||||||||||||||||||||||||||||||||||||||
| Liabilities: | |||||||||||||||||||||||||||||||||||||||||||||
| Deferred and other income taxes | [8] | 294.9 | 294.9 | ||||||||||||||||||||||||||||||||||||||||||
| Equity: | |||||||||||||||||||||||||||||||||||||||||||||
| Retained earnings | [8] | 2,637.8 | 2,637.8 | ||||||||||||||||||||||||||||||||||||||||||
| Scenario, Adjustment | Discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||
| Quantifying Misstatement in Current Year Financial Statements [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
| Revenues | [9] | (2,768.4) | $ (2,804.5) | ||||||||||||||||||||||||||||||||||||||||||
| Gross profit | [9] | (937.4) | (897.6) | ||||||||||||||||||||||||||||||||||||||||||
| Income (loss) from continuing operations | [9] | (259.5) | (201.5) | ||||||||||||||||||||||||||||||||||||||||||
| Income from discontinued operations | [9] | 259.5 | 201.5 | ||||||||||||||||||||||||||||||||||||||||||
| Net income (loss) | [9] | 0.0 | 0.0 | ||||||||||||||||||||||||||||||||||||||||||
| Less: Net income (loss) attributable to noncontrolling interests | [9] | 0.0 | 0.0 | ||||||||||||||||||||||||||||||||||||||||||
| Net income (loss) attributable to SPX Corporation common shareholders | [9] | 0.0 | 0.0 | ||||||||||||||||||||||||||||||||||||||||||
| ASSETS | |||||||||||||||||||||||||||||||||||||||||||||
| Intangibles, net | [9] | (659.3) | (659.3) | ||||||||||||||||||||||||||||||||||||||||||
| Other assets | [9] | (101.4) | (101.4) | ||||||||||||||||||||||||||||||||||||||||||
| Liabilities: | |||||||||||||||||||||||||||||||||||||||||||||
| Deferred and other income taxes | [9] | (227.1) | (227.1) | ||||||||||||||||||||||||||||||||||||||||||
| Restatement Adjustment | |||||||||||||||||||||||||||||||||||||||||||||
| Quantifying Misstatement in Current Year Financial Statements [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||
| Revenues | [10] | 0.0 | 0.0 | ||||||||||||||||||||||||||||||||||||||||||
| Gross profit | [10] | 0.0 | 0.0 | ||||||||||||||||||||||||||||||||||||||||||
| Income (loss) from continuing operations | (1.6) | $ (0.2) | $ (0.2) | $ (2.5) | (4.5) | [10] | (0.3) | [10] | |||||||||||||||||||||||||||||||||||||
| Income from discontinued operations | [10] | 0.0 | 0.0 | ||||||||||||||||||||||||||||||||||||||||||
| Net income (loss) | (1.6) | (0.2) | (0.2) | (2.5) | (4.5) | [10] | (0.3) | [10] | |||||||||||||||||||||||||||||||||||||
| Less: Net income (loss) attributable to noncontrolling interests | [10] | 0.0 | 0.0 | ||||||||||||||||||||||||||||||||||||||||||
| Net income (loss) attributable to SPX Corporation common shareholders | $ (1.6) | $ (0.2) | $ (0.2) | $ (2.5) | (4.5) | [10] | $ (0.3) | [10] | |||||||||||||||||||||||||||||||||||||
| Basic income per share of common stock attributable to SPX Corporation common shareholders | $ (0.04) | $ (0.01) | $ (0.01) | $ (0.06) | |||||||||||||||||||||||||||||||||||||||||
| Diluted income per share of common stock attributable to SPX Corporation common shareholders | $ (0.04) | $ (0.01) | $ (0.01) | $ (0.06) | |||||||||||||||||||||||||||||||||||||||||
| ASSETS | |||||||||||||||||||||||||||||||||||||||||||||
| Intangibles, net | [11] | $ (2.5) | (2.5) | ||||||||||||||||||||||||||||||||||||||||||
| Other assets | [11] | (5.4) | (5.4) | ||||||||||||||||||||||||||||||||||||||||||
| Liabilities: | |||||||||||||||||||||||||||||||||||||||||||||
| Deferred and other income taxes | [11] | 1.3 | 1.3 | ||||||||||||||||||||||||||||||||||||||||||
| Equity: | |||||||||||||||||||||||||||||||||||||||||||||
| Retained earnings | [11] | $ (9.2) | $ (9.2) | ||||||||||||||||||||||||||||||||||||||||||
| Restatement Adjustment | Understatement of Deferred Tax Liabilities | |||||||||||||||||||||||||||||||||||||||||||||
| Liabilities: | |||||||||||||||||||||||||||||||||||||||||||||
| Deferred and other income taxes | 4.3 | 4.3 | |||||||||||||||||||||||||||||||||||||||||||
| Restatement Adjustment | Tax effect from Understatement of Impairment Charge and Improper Capitalization of Software Development Costs | |||||||||||||||||||||||||||||||||||||||||||||
| Liabilities: | |||||||||||||||||||||||||||||||||||||||||||||
| Deferred and other income taxes | $ 3.0 | $ 3.0 | |||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
- References No definition available.
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- Definition Amount of deferred tax liability attributable to taxable temporary differences, after deferred tax asset, and other tax liabilities expected to be paid after one year or operating cycle, if longer. No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income (loss) from a disposal group, net of income tax before extraordinary items allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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