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GOODWILL AND OTHER INTANGIBLE ASSETS (Details 2) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 29, 2014
Mar. 30, 2013
Dec. 31, 2013
Intangible assets with determinable lives      
Gross carrying value of finite-lived intangible assets $ 654.5   $ 650.8
Accumulated amortization (167.1)   (157.9)
Net carrying value of finite-lived intangible assets 487.4   492.9
Total intangible assets      
Gross carrying value 1,088.2   1,082.6
Net carrying value 921.1   924.7
Impairment charges 0 2.0  
Flow Technology reportable segment
     
Intangible assets with determinable lives      
Net carrying value of finite-lived intangible assets 433.4    
Intangible assets with indefinite lives      
Trademarks 288.7    
Thermal Equipment and Services reportable segment
     
Intangible assets with determinable lives      
Net carrying value of finite-lived intangible assets 46.1    
Intangible assets with indefinite lives      
Trademarks 126.4    
Industrial Products and Services and Other
     
Intangible assets with determinable lives      
Net carrying value of finite-lived intangible assets 7.9    
Intangible assets with indefinite lives      
Trademarks 18.6    
Trademarks
     
Intangible assets with indefinite lives      
Trademarks 433.7   431.8
Trademarks | Clyde Union Holdings, SARL
     
Total intangible assets      
Impairment charges   2.0  
Patents
     
Intangible assets with determinable lives      
Gross carrying value of finite-lived intangible assets 11.4   11.5
Accumulated amortization (8.5)   (8.3)
Net carrying value of finite-lived intangible assets 2.9   3.2
Technology
     
Intangible assets with determinable lives      
Gross carrying value of finite-lived intangible assets 198.1   196.3
Accumulated amortization (55.9)   (52.4)
Net carrying value of finite-lived intangible assets 142.2   143.9
Customer relationships
     
Intangible assets with determinable lives      
Gross carrying value of finite-lived intangible assets 414.6   412.0
Accumulated amortization (84.1)   (78.6)
Net carrying value of finite-lived intangible assets 330.5   333.4
Other
     
Intangible assets with determinable lives      
Gross carrying value of finite-lived intangible assets 30.4   31.0
Accumulated amortization (18.6)   (18.6)
Net carrying value of finite-lived intangible assets $ 11.8   $ 12.4