EQUITY AND STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 29, 2014

Schedule of weighted-average shares outstanding used in the computation of basic and diluted earnings per share

	Three months ended
	March 29,	March 30,
	2014	2013
Weighted-average number of common shares used in basic income per share	44.236	46.418
Dilutive securities — Employee stock options, restricted stock shares and restricted stock units	0.846	1.032
Weighted-average number of common shares and dilutive securities used in diluted income per share	45.082	47.450

Schedule of assumptions to determine the fair value of restricted stock awards granted

							Correlation between total
	Annual expected						shareholder return for SPX
	stock price		Annual expected		Risk-free		and the applicable S&P
	volatility		dividend yield		interest rate		Composite Index
January 2, 2014:
SPX Corporation	33.7	%	1.02	%	0.76	%	0.7631
S&P Composite 1500 Industrials Index	19.9	%	n/a		0.76	%
April 1, 2013:
SPX Corporation	35.5	%	1.29	%	0.33	%	0.7668
S&P Composite 1500 Industrials Index	21.2	%	n/a		0.33	%
January 2, 2013:
SPX Corporation	36.3	%	1.42	%	0.37	%	0.7778
S&P Composite 1500 Industrials Index	22.4	%	n/a		0.37	%

Schedule of restricted stock share and restricted stock unit activity

			Weighted-Average
	Unvested Restricted Stock Shares		Grant-Date Fair
	and Restricted Stock Units		Value Per Share
Outstanding at December 31, 2013	1.537		$	58.39
Granted	0.510		86.70
Vested	(0.537	)	58.57
Forfeited	(0.226	)	62.15
Outstanding at March 29, 2014	1.284		68.78

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 three months ended March 29, 2014 were as follows:

	Foreign Currency Translation Adjustment			Net Unrealized Losses on Qualifying Cash Flow Hedges (1)			Net Unrealized Losses on Available-for- Sale Securities			Pension and Postretirement Liability Adjustment and Other (2)			Total
Balance at beginning of period	$	296.8		$	(0.8	)	$	(3.7	)	$	(4.8	)	$	287.5
Other comprehensive income (loss) before reclassifications	(2.0		)	(0.8		)	3.8			0.2			1.2
Amounts reclassified from accumulated other comprehensive income	—			0.1			(0.3		)	5.0			4.8
Current-period other comprehensive income (loss)	(2.0		)	(0.7		)	3.5			5.2			6.0
Balance at end of period	$	294.8		$	(1.5	)	$	(0.2	)	$	0.4		$	293.5

(1) Net of tax benefit of $1.2 and $1.0 as of March 29, 2014 and December 31, 2013, respectively.

(2) Net of tax (provision) benefit of $(0.1) and $2.2 as of March 29, 2014 and December 31, 2013, respectively. The balance as of December 31, 2013 primarily includes $(5.0), net of tax, related to our share of the pension liability adjustment for EGS as of December 31, 2013. In connection with the sale of our interest in EGS during the first quarter of 2014, as described in Note 1, we recognized our share of the pension liability adjustment for EGS as a component of the gain on sale of our investment interest.

The changes in the components of accumulated other comprehensive income, net of tax, for the three months ended March 30, 2013 were as follows:

	Foreign Currency Translation Adjustment			Net Unrealized Losses on Qualifying Cash Flow Hedges (1)			Net Unrealized Losses on Available-for- Sale Securities			Pension and Postretirement Liability Adjustment and Other (2)			Total
Balance at beginning of period	$	293.8		$	(3.3	)	$	(3.1	)	$	(2.6	)	$	284.8
Other comprehensive income (loss) before reclassifications	(87.2		)	3.6			(0.5		)	(1.2		)	(85.3		)
Amounts reclassified from accumulated other comprehensive income	—			0.4			—			(0.3		)	0.1
Current-period other comprehensive income (loss)	(87.2		)	4.0			(0.5		)	(1.5		)	(85.2		)
Balance at end of period	$	206.6		$	0.7		$	(3.6	)	$	(4.1	)	$	199.6

(1) Net of tax benefit of $2.5 as of December 31, 2012.

(2) Net of tax benefit of $1.8 and $1.2 as of March 30, 2013 and December 31, 2012, respectively. Includes $(5.0) and $(3.8) related to our share of the pension liability adjustment for EGS as of March 30, 2013 and December 31, 2012, respectively.

Schedule of amounts reclassified from each component of accumulated comprehensive loss

	Amount Reclassified from AOCI
	Three months ended						Affected Line Item in the Condensed
	March 29, 2014			March 30, 2013			Consolidated Statements of Operations
Losses on qualifying cash flow hedges:
Commodity contracts	$	0.1		$	—		Cost of products sold
FX forward contracts	—			0.6			Revenues
Pre-tax	0.1			0.6
Income taxes	—			(0.2		)
	$	0.1		$	0.4

Gain on available-for-sale securities	$	0.3		$	—		Other income, net

Losses (gains) on pension and postretirement items:
Recognition of our share of the pension liability adjustment for EGS	$	7.4		$	—		Other income, net
Amortization of unrecognized prior service credits	—			(0.4		)	Selling, general and administrative
Pre-tax	7.4			(0.4		)
Income taxes	(2.4		)	0.1
	$	5.0		$	(0.3	)

Schedule of changes in equity

	March 29, 2014									March 30, 2013
	SPX									SPX
	Corporation									Corporation
	Shareholders’			Noncontrolling			Total			Shareholders’			Noncontrolling			Total
	Equity			Interests			Equity			Equity			Interests			Equity
Equity, beginning of period	$	2,158.0		$	14.0		$	2,172.0		$	2,224.2		$	11.3		$	2,235.5
Net income (loss)	318.2			(0.4		)	317.8			8.7			1.3			10.0
Net unrealized gains (losses) on qualifying cash flow hedges, net of tax (provision) benefit of $0.2 and $(2.5) for the three months ended March 29, 2014 and March 30, 2013, respectively	(0.7		)	—			(0.7		)	4.0			—			4.0
Net unrealized gains (losses) on available-for-sale securities	3.5			—			3.5			(0.5		)	—			(0.5		)
Pension liability adjustment, net of tax (provision) benefit of $(2.3) and $0.7 for the three months ended March 29, 2014 and March 30, 2013, respectively	5.2			—			5.2			(1.5		)	—			(1.5		)
Foreign currency translation adjustments	(2.0		)	(0.1		)	(2.1		)	(87.2		)	(0.6		)	(87.8		)
Total comprehensive income (loss), net	324.2			(0.5		)	323.7			(76.5		)	0.7			(75.8		)
Dividends declared	(16.3		)	—			(16.3		)	(11.4		)	—			(11.4		)
Exercise of stock options and other incentive plan activity, including related tax benefit of $8.8 and $5.8 for the three months ended March 29, 2014 and March 30, 2013, respectively	13.6			—			13.6			10.1			—			10.1
Amortization of restricted stock and restricted stock unit grants	24.7			—			24.7			20.3			—			20.3
Restricted stock and restricted stock unit vesting, net of tax withholdings	(20.3		)	—			(20.3		)	(20.5		)	—			(20.5		)
Common stock repurchases	(134.3		)	—			(134.3		)	(131.4		)	—			(131.4		)
Other changes in noncontrolling interests	—			—			—			—			(0.2		)	(0.2		)
Equity, end of period	$	2,349.6		$	13.5		$	2,363.1		$	2,014.8		$	11.8		$	2,026.6