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ACQUISITIONS, DISCONTINUED OPERATIONS AND FORMATION OF SHANGHAI ELECTRIC JV (Tables)

6 Months Ended

Jun. 30, 2012

ACQUISITIONS, DISCONTINUED OPERATIONS AND FORMATION OF SHANGHAI ELECTRIC JV

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

Assets acquired:
Current assets, including cash and equivalents of $44.3				$	349.2
Property, plant and equipment				76.7
Goodwill				370.7
Intangible assets				378.8
Other assets				25.1
Total assets acquired				1,200.5
Liabilities assumed:
Current liabilities				270.5
Other long-term liabilities				161.2
Total liabilities assumed				431.7
Noncontrolling interests				1.8
Net assets acquired				$	767.0

Schedule of unaudited pro forma information

		Three months ended			Six months ended
		July 2, 2011			July 2, 2011
Revenues		$	1,260.9		$	2,348.6
Income from continuing operations attributable to SPX Corporation common shareholders		26.0			35.7
Net income attributable to SPX Corporation common shareholders		36.0			49.8
Income from continuing operations attributable to SPX Corporation common shareholders:
Basic		$	0.51		$	0.71
Diluted		$	0.51		$	0.70
Net income attributable to SPX Corporation common shareholders:
Basic		$	0.71		$	0.99
Diluted		$	0.70		$	0.97

Schedule of income from discontinued operations and related income taxes

		Three months ended						Six months ended
		June 30,			July 2,			June 30,			July 2,
		2012			2011			2012			2011
Income from discontinued operations		$	15.9		$	9.3		$	23.4		$	16.1
Income tax (provision) benefit		(6.2		)	0.7			(8.8		)	(2.0		)
Income from discontinued operations, net		$	9.7		$	10.0		$	14.6		$	14.1

Schedule of results of operations of businesses reported as discontinued operations

		Three months ended						Six months ended
		June 30,			July 2,			June 30,			July 2,
		2012			2011			2012			2011
Revenues		$	244.8		$	247.2		$	471.0		$	461.3
Pre-tax income		17.1			10.1			25.1			18.8

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

		June 30, 2012			December 31, 2011
Assets:
Accounts receivable, net		$	210.0		$	191.8
Inventories		126.4			127.7
Other current assets		10.3			9.3
Property, plant and equipment, net		46.0			48.7
Goodwill and intangibles, net		277.8			283.9
Other assets		63.9			58.7
Assets of discontinued operations		$	734.4		$	720.1

Liabilities:
Accounts payable		$	84.0		$	109.3
Accrued expenses		105.8			109.4
Income taxes payable		0.6			1.5
Deferred and other income taxes		6.3			6.6
Other liabilities		8.3			7.6
Liabilities of discontinued operations		$	205.0		$	234.4

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

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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.

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