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INFORMATION ON REPORTABLE SEGMENTS AND OTHER OPERATING SEGMENTS (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 28, 2014
Jun. 29, 2013
Jun. 28, 2014
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Jun. 29, 2013
Dec. 31, 2013
Business segment          
Number of reportable segments     2    
Revenues:          
Revenues $ 1,179.7 $ 1,161.9 $ 2,249.1 $ 2,252.4  
Income:          
Pension and postretirement (expense) income (3.0) 4.2 (22.8) 8.5  
Stock-based compensation expense (4.6) (5.3) (29.3) (25.6)  
Impairment of intangible assets     0 (2.0)  
Special charges, net (4.5) (17.8) (14.2) (18.2)  
Operating income 85.1 71.0 100.2 101.0  
Detail of revenues          
Revenues recognized under percentage of completion method 295.8 353.0 570.0 695.7  
Costs and estimated earnings in excess of billings 275.3   275.3   285.3
Billings in excess of costs and estimated earnings on uncompleted contracts reported as a component of accrued expenses 214.3   214.3   218.4
General corporate
         
Income:          
Corporate expense (25.8) (25.1) (54.3) (56.0)  
Special charges, net (0.3)   (0.9) (0.5)  
Reportable and other operating segments
         
Income:          
Operating income 123.0 115.0 220.8 194.3  
Flow Technology reportable segment
         
Income:          
Special charges, net (1.2) (5.6) (10.1) (5.0)  
Flow Technology reportable segment | Reportable and other operating segments
         
Revenues:          
Revenues 661.4 653.4 1,278.1 1,266.4  
Income:          
Operating income 88.3 67.0 154.5 122.0  
Thermal Equipment and Services reportable segment
         
Income:          
Special charges, net (1.4) (11.1) (1.5) (11.6)  
Thermal Equipment and Services reportable segment | Reportable and other operating segments
         
Revenues:          
Revenues 327.3 350.3 606.9 655.4  
Income:          
Operating income 9.5 26.2 18.7 27.9  
Industrial Products and Services and Other
         
Income:          
Special charges, net (1.6) (1.1) (1.7) (1.1)  
Industrial Products and Services and Other | Reportable and other operating segments
         
Revenues:          
Revenues 191.0 158.2 364.1 330.6  
Income:          
Operating income $ 25.2 $ 21.8 $ 47.6 $ 44.4  
Minimum
         
Business segment          
Number of countries in which entity operates 35   35    
Number of countries in which entity sells its products and services 150   150