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

9 Months Ended

Sep. 29, 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		$	352.3
Property, plant and equipment		76.7
Goodwill		372.7
Intangible assets		378.8
Other assets		25.1
Total assets acquired		1,205.6
Liabilities assumed:
Current liabilities		270.4
Other long-term liabilities		166.4
Total liabilities assumed		436.8
Noncontrolling interests		1.8
Net assets acquired		$	767.0

Schedule of unaudited pro forma information

		Three months ended			Nine months ended
		October 1, 2011			October 1, 2011
Revenues		$	1,269.8		$	3,618.4
Income from continuing operations attributable to SPX Corporation common shareholders		42.0			77.7
Net income attributable to SPX Corporation common shareholders		53.5			103.3
Income from continuing operations attributable to SPX Corporation common shareholders:
Basic		$	0.83		$	1.54
Diluted		$	0.83		$	1.52
Net income attributable to SPX Corporation common shareholders:
Basic		$	1.06		$	2.05
Diluted		$	1.05		$	2.02

Schedule of income from discontinued operations and related income taxes

		Three months ended						Nine months ended
		September 29,			October 1,			September 29,			October 1,
		2012			2011			2012			2011
Income from discontinued operations		$	8.4		$	18.5		$	31.8		$	34.6
Income tax provision		(3.1		)	(7.0		)	(11.9		)	(9.0		)
Income from discontinued operations, net		$	5.3		$	11.5		$	19.9		$	25.6

Schedule of results of operations of businesses reported as discontinued operations

		Three months ended						Nine months ended
		September 29,			October 1,			September 29,			October 1,
		2012			2011			2012			2011
Revenues		$	196.9		$	221.2		$	667.9		$	682.5
Pre-tax income		9.5			17.8			34.6			36.6

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

		September 29,			December 31,
		2012			2011
Assets:
Accounts receivable, net		$	180.1		$	191.8
Inventories		134.9			127.7
Other current assets		15.0			9.3
Property, plant and equipment, net		46.4			48.7
Goodwill and intangibles, net		279.2			283.9
Other assets		51.1			58.7
Assets of discontinued operations		$	706.7		720.1

Liabilities:
Accounts payable		$	72.5		$	109.3
Accrued expenses		106.1			109.4
Income taxes payable		0.7			1.5
Deferred and other income taxes		6.0			6.6
Other liabilities		8.9			7.6
Liabilities of discontinued operations		$	194.2		$	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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