XML 18 R70.htm IDEA: XBRL DOCUMENT v2.4.0.6
Indebtedness (Details 2) (USD $)
In Millions, unless otherwise specified
 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended
Dec. 31, 2011
Dec. 31, 2011
Greater than or equal to 3.00 to 1.0
Dec. 31, 2011
Between 2.00 to 1.0 and 3.00 to 1.0
Dec. 31, 2011
Between 2.00 to 1.0 and 3.00 to 1.0
Maximum
Dec. 31, 2011
Between 2.00 to 1.0 and 3.00 to 1.0
Minimum
Dec. 31, 2011
Between 1.50 to 1.0 and 2.00 to 1.0
Dec. 31, 2011
Between 1.50 to 1.0 and 2.00 to 1.0
Maximum
Dec. 31, 2011
Between 1.50 to 1.0 and 2.00 to 1.0
Minimum
Dec. 31, 2011
Between 1.00 to 1.0 and 1.50 to 1.0
Dec. 31, 2011
Between 1.00 to 1.0 and 1.50 to 1.0
Maximum
Dec. 31, 2011
Between 1.00 to 1.0 and 1.50 to 1.0
Minimum
Dec. 31, 2011
Less than 1.00 to 1.0
Dec. 31, 2011
Alternate Base Rate
Greater than or equal to 3.00 to 1.0
Dec. 31, 2011
Alternate Base Rate
Between 2.00 to 1.0 and 3.00 to 1.0
Dec. 31, 2011
Alternate Base Rate
Between 1.50 to 1.0 and 2.00 to 1.0
Dec. 31, 2011
Alternate Base Rate
Between 1.00 to 1.0 and 1.50 to 1.0
Dec. 31, 2011
Alternate Base Rate
Less than 1.00 to 1.0
Dec. 31, 2011
Reserve adjusted LIBOR rate
Greater than or equal to 3.00 to 1.0
Dec. 31, 2011
Reserve adjusted LIBOR rate
Between 2.00 to 1.0 and 3.00 to 1.0
Dec. 31, 2011
Reserve adjusted LIBOR rate
Between 1.50 to 1.0 and 2.00 to 1.0
Dec. 31, 2011
Reserve adjusted LIBOR rate
Between 1.00 to 1.0 and 1.50 to 1.0
Dec. 31, 2011
Reserve adjusted LIBOR rate
Less than 1.00 to 1.0
Dec. 31, 2010
Interest Rate Swaps
Dec. 31, 2011
Letter of credit
Greater than or equal to 3.00 to 1.0
Dec. 31, 2011
Letter of credit
Between 2.00 to 1.0 and 3.00 to 1.0
Dec. 31, 2011
Letter of credit
Between 1.50 to 1.0 and 2.00 to 1.0
Dec. 31, 2011
Letter of credit
Between 1.00 to 1.0 and 1.50 to 1.0
Dec. 31, 2011
Letter of credit
Less than 1.00 to 1.0
Dec. 31, 2011
Senior credit facility
numerator
denominator
quarter
D
Jun. 30, 2011
Senior credit facility
Dec. 31, 2011
Senior credit facility
Debt Instrument, variable prime rate
Dec. 31, 2011
Senior credit facility
Federal funds alternative base rate
Dec. 31, 2011
Senior credit facility
LIBOR alternative base rate
Dec. 31, 2011
Senior credit facility
Reserve adjusted LIBOR rate
Dec. 31, 2011
Senior credit facility
Letter of credit
Dec. 31, 2011
Term loan 1
M
Dec. 31, 2011
Term loan 2
Dec. 31, 2011
Domestic and global revolving credit facilities
Jun. 30, 2011
Domestic revolving credit facility
Dec. 31, 2011
Domestic revolving credit facility
Greater than or equal to 3.00 to 1.0
Dec. 31, 2011
Domestic revolving credit facility
Between 2.00 to 1.0 and 3.00 to 1.0
Dec. 31, 2011
Domestic revolving credit facility
Between 1.50 to 1.0 and 2.00 to 1.0
Dec. 31, 2011
Domestic revolving credit facility
Between 1.00 to 1.0 and 1.50 to 1.0
Dec. 31, 2011
Domestic revolving credit facility
Less than 1.00 to 1.0
Jun. 30, 2011
Global revolving credit facility
Dec. 31, 2011
Global revolving credit facility
Greater than or equal to 3.00 to 1.0
Dec. 31, 2011
Global revolving credit facility
Between 2.00 to 1.0 and 3.00 to 1.0
Dec. 31, 2011
Global revolving credit facility
Between 1.50 to 1.0 and 2.00 to 1.0
Dec. 31, 2011
Global revolving credit facility
Between 1.00 to 1.0 and 1.50 to 1.0
Dec. 31, 2011
Global revolving credit facility
Less than 1.00 to 1.0
Dec. 31, 2011
Foreign credit instrument facility
Dec. 31, 2011
Foreign credit instrument facility
Greater than or equal to 3.00 to 1.0
Dec. 31, 2011
Foreign credit instrument facility
Between 2.00 to 1.0 and 3.00 to 1.0
Dec. 31, 2011
Foreign credit instrument facility
Between 1.50 to 1.0 and 2.00 to 1.0
Dec. 31, 2011
Foreign credit instrument facility
Between 1.00 to 1.0 and 1.50 to 1.0
Dec. 31, 2011
Foreign credit instrument facility
Less than 1.00 to 1.0
Dec. 31, 2011
Participation foreign credit instrument facility
Jun. 30, 2011
Participation foreign credit instrument facility
Jun. 30, 2011
Bilateral foreign credit instrument facility
Dec. 31, 2011
Letters of credit under separate arrangements in China, South Africa, and India
Dec. 31, 2011
Term loan
Dec. 31, 2011
Term loan
LIBOR alternative base rate
Greater than or equal to 3.00 to 1.0
Dec. 31, 2011
Term loan
LIBOR alternative base rate
Between 2.00 to 1.0 and 3.00 to 1.0
Dec. 31, 2011
Term loan
LIBOR alternative base rate
Between 1.50 to 1.0 and 2.00 to 1.0
Dec. 31, 2011
Term loan
LIBOR alternative base rate
Between 1.00 to 1.0 and 1.50 to 1.0
Dec. 31, 2011
Term loan
LIBOR alternative base rate
Less than 1.00 to 1.0
Dec. 31, 2011
Term loan
Reserve adjusted LIBOR rate
Greater than or equal to 3.00 to 1.0
Dec. 31, 2011
Term loan
Reserve adjusted LIBOR rate
Between 2.00 to 1.0 and 3.00 to 1.0
Dec. 31, 2011
Term loan
Reserve adjusted LIBOR rate
Between 1.50 to 1.0 and 2.00 to 1.0
Dec. 31, 2011
Term loan
Reserve adjusted LIBOR rate
Between 1.00 to 1.0 and 1.50 to 1.0
Dec. 31, 2011
Term loan
Reserve adjusted LIBOR rate
Less than 1.00 to 1.0
Dec. 31, 2011
Foreign Credit Commitment
Dec. 31, 2011
Foreign Credit Commitment
Greater than or equal to 3.00 to 1.0
Dec. 31, 2011
Foreign Credit Commitment
Between 2.00 to 1.0 and 3.00 to 1.0
Dec. 31, 2011
Foreign Credit Commitment
Between 1.50 to 1.0 and 2.00 to 1.0
Dec. 31, 2011
Foreign Credit Commitment
Between 1.00 to 1.0 and 1.50 to 1.0
Dec. 31, 2011
Foreign Credit Commitment
Less than 1.00 to 1.0
Dec. 31, 2011
Foreign Credit Commitment
Letter of credit
Credit Facilities                                                                                                                                                            
Maximum borrowing capacity under financing arrangement                                                           $ 2,600.0                 $ 300.0           $ 300.0                         $ 1,000.0 $ 200.0                                      
Percentage of initial principal amount which the entity will repay in 2011                                                                         0.00%                                                                                  
Percentage of initial principal amount which the entity will repay in 2012                                                                         0.00%                                                                                  
Percentage of initial principal amount which the entity will repay in 2013                                                                         5.00%                                                                                  
Percentage of initial principal amount which the entity will repay in 2014                                                                         15.00%                                                                                  
Percentage of initial principal amount which the entity will repay in 2015                                                                         20.00%                                                                                  
Percentage of initial principal amount which the entity will repay at the end of the first fiscal quarter of 2016                                                                         5.00%                                                                                  
Repayment term (in months)                                                                       18                                                                                    
Termination costs of swap and term loan under previously exisiting senior credit facilities                                             25.6                                                                                                              
Costs associated with early termination of swaps                                             24.3                                                                                                              
Write-off of deferred financing costs                                             1.1                                                                                                              
Early termination fee                                             0.2                                                                                                              
Amount of available borrowing capacity                                                                           485.3                                                                   408.6            
Amount of outstanding borrowings                                                                                                     30.9                                                      
Letters of credit issued, amount outstanding                                                                     83.8                                                 3.3                                   791.4
Additional commitments SPX may seek to add                                                         200.0                                                                                                  
Maximum amount of the availability resets                                                         1,000.0                                                                                                  
Basis spread on variable rate (as a percent)                         1.00% 0.875% 0.75% 0.50% 0.25% 2.00% 1.875% 1.75% 1.50% 1.25%                   0.50% 1.00%                                                         1.25% 1.125% 1.00% 0.75% 0.50% 2.25% 2.125% 2.00% 1.75% 1.50%              
Description of variable rate (as a percent)                                                             prime rate federal funds effective rate one-month LIBOR rate reserve-adjusted LIBOR rate                                                                                        
Interest period which may be elected, shortest (in months)                                                                   1M                                                                                        
Interest period which may be elected, second shortest (in months)                                                                   2M                                                                                        
Interest period which may be elected, second longest (in months)                                                                   3M                                                                                        
Interest period which may be elected, longest (in months)                                                                   6M                                                                                        
Threshold amount of cash and cash equivalents above which amounts are netted against consolidated net debt for calculation of debt compliance 50.0                                                                                                                                                          
Consolidated leverage ratio, numerator   3.00                   1.0                                                                                                                                    
Consolidated leverage ratio, denominator   1.0 1.0     1.0     1.0     1.0                                                                                                                                    
Debt Instrument, Consolidated Leverage Ratio, Numerator       3 2   2 1.5   1.5 1                                                                                                                                      
Commitment fee (as a percent)                                               2.00% 1.875% 1.75% 1.50% 1.25%                       0.40% 0.35% 0.30% 0.275% 0.25%   0.40% 0.35% 0.30% 0.275% 0.25%   1.25% 1.125% 1.00% 0.875% 0.75%         0.50%                       0.40% 0.35% 0.30% 0.275% 0.25%  
Weighted-average interest rate of senior credit facilities (as a percent)                                                         2.49%                                                                                                  
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage                                                                                                                         0.275%                                  
Fronting fees (as a percent)                                                         0.125%                                                       0.20%                                          
Maximum period within which net proceeds should be reinvested (in days)                                                         360                                                                                                  
Security interest granted in capital stock of domestic subsidaries or subsidiary guarantors (as a percent)                                                         100.00%                                                                                                  
Security interest granted in material first tier foreign subsidiaries (as a percent)                                                         65.00%                                                                                                  
Number of trailing fiscal quarters used in calculating the Consolidated Leverage Coverage Ratio under senior credit facilities' covenants (in number of quarters)                                                         4                                                                                                  
Number of trailing fiscal quarters used in calculating the Consolidated Interest Coverage Ratio under senior credit facilities' covenants (in number of quarters)                                                         4                                                                                                  
Prepayment reinvestment exclusion period (in days)                                                         360                                                                                                  
Consolidated Interest Coverage Ratio under senior credit facilities' covenants                                                         at least 3.50:1.00                                                                                                  
Consolidated Interest Coverage Ratio numerator, minimum                                                         3.50                                                                                                  
Consolidated Interest Coverage Ratio denominator                                                         1.00                                                                                                  
Consolidated Leverage Ratio under senior credit facilities' covenants                                                         no more than 3.25:1.00                                                                                                  
Consolidated Leverage Ratio numerator, upper limit                                                         3.25                                                                                                  
Consolidated Leverage Ratio under senior credit facilities' covenants after certain permitted acquisitions                                                         3.50 to 1.00                                                                                                  
Consolidated Leverage Ratio after certain permitted acquisitions, numerator, upper limit                                                         3.50                                                                                                  
Maximum consolidated Leverage Ratio necessary for unlimited amount of capital stock repurchases and dividend payments under senior credit facilities' covenants                                                         less than 2.50:1.00                                                                                                  
Consolidated Leverage Ratio breakpoint for determining restrictions on capital stock repurchases and dividend payments under senior credit facilities' covenants, numerator                                                         2.50                                                                                                  
Consolidated Leverage Ratio restricting amount of capital stock repurchases and dividend payments under senior credit facilities' covenants                                                         greater than or equal to 2.50:1.00                                                                                                  
Maximum amount of capital stock repurchases and dividend declarations allowable (before adjustment) under senior credit facilities' covenants in any fiscal year if Consolidated Leverage Ratio is greater than or equal to 2.50 to 1.00                                                         100.0                                                                                                  
Consolidated leverage ratio greater than 2.50 to 1.00 - capital stock repurchases and dividend declarations used in calculation                                                         $ 300.0                                                                                                  
Percentage of cumulative consolidated net income during the period from July 1, 2011 to the end of the most recent fiscal quarter used                                                         50.00%                                                                                                  
Percentage of consolidated net deficit removed from calculation of amounts available for stock repurchases and dividends                                                         (100.00%)