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GOODWILL AND OTHER INTANGIBLE ASSETS (Details) (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 27, 2014
Changes in the carrying amount of goodwill  
Gross goodwill, beginning of the period $ 2,057.0
Accumulated impairment, balance at the beginning of the period (540.0)
Goodwill, balance at the beginning of the period 1,517.0
Gross goodwill related to foreign currency translation and other (53.0)
Accumulated impairments related to foreign currency translation and other 7.0
Goodwill related to foreign currency translation and other (46.0)
Gross goodwill, end of the period 2,004.0
Accumulated impairment, balance at the end of the period (533.0)
Goodwill, balance at the end of the period 1,471.0
Flow Technology reportable segment
 
Changes in the carrying amount of goodwill  
Gross goodwill, beginning of the period 1,120.2
Goodwill, balance at the beginning of the period 1,120.2
Gross goodwill related to foreign currency translation and other (41.0)
Goodwill related to foreign currency translation and other (41.0)
Gross goodwill, end of the period 1,079.2
Goodwill, balance at the end of the period 1,079.2
Thermal Equipment and Services reportable segment
 
Changes in the carrying amount of goodwill  
Gross goodwill, beginning of the period 570.0
Accumulated impairment, balance at the beginning of the period (399.5)
Goodwill, balance at the beginning of the period 170.5
Gross goodwill related to foreign currency translation and other (12.1)
Accumulated impairments related to foreign currency translation and other 7.0
Goodwill related to foreign currency translation and other (5.1)
Gross goodwill, end of the period 557.9
Accumulated impairment, balance at the end of the period (392.5)
Goodwill, balance at the end of the period 165.4
Industrial Products and Services and Other
 
Changes in the carrying amount of goodwill  
Gross goodwill, beginning of the period 366.8
Accumulated impairment, balance at the beginning of the period (140.5)
Goodwill, balance at the beginning of the period 226.3
Gross goodwill related to foreign currency translation and other 0.1
Goodwill related to foreign currency translation and other 0.1
Gross goodwill, end of the period 366.9
Accumulated impairment, balance at the end of the period (140.5)
Goodwill, balance at the end of the period $ 226.4