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Employee Benefit Plans (Details 5)
£ in Millions, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2015
USD ($)
Mar. 28, 2015
USD ($)
Mar. 28, 2015
GBP (£)
Dec. 31, 2014
USD ($)
retiree
Dec. 31, 2014
GBP (£)
retiree
Mar. 29, 2014
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
retiree
Dec. 31, 2014
GBP (£)
retiree
Dec. 31, 2013
USD ($)
retiree
Change in projected benefit obligation:                    
Actuarial losses (gains) $ 12.0 $ 14.8   $ 80.6            
Settlements               $ (15.0)    
Amount paid for obligations assumed by third party               4.8   $ 663.7
Number of retirees assumed by third party for future pension payments | retiree                   16,000
Projected benefit obligation of the Plan settled as a result of lump-sum payments           $ 165.2        
Change in plan assets:                    
Settlements               (15.0)    
Pension plans                    
Employee benefit plans                    
Non-funded plan, current underfunded status 85.7           $ 85.7      
Change in plan assets:                    
Fair value of plan assets — beginning of year   492.4         492.4      
Fair value of plan assets — end of year 442.7     492.4     442.7 492.4    
Domestic Pension Plans                    
Change in projected benefit obligation:                    
Projected benefit obligation — beginning of year   455.3 [1]       568.8 455.3 [1] 568.8    
Service cost             2.5 7.1   $ 7.6
Interest cost             16.5 19.9   45.6
Employee contributions             0.0 0.0    
Actuarial losses (gains)             (9.2) 59.5    
Settlements [2]             (6.0) (160.4)    
Curtailment gain [3]             (5.1) 0.0    
Transfer to SPX FLOW of the life insurance obligations related to SPX FLOW executive officers [4]             (64.5) 0.0    
Plan amendment             (0.9) 0.0    
Benefits paid             (17.5) (39.6)    
Foreign exchange and other             0.0 0.0    
Projected benefit obligation — end of year 371.1 [1]     455.3 [1]     371.1 [1] 455.3 [1]   568.8
Change in plan assets:                    
Fair value of plan assets — beginning of year   305.7       467.3 305.7 467.3    
Actual return on plan assets             (15.3) 28.1    
Contributions (employer and employee)             12.3 10.3    
Settlements [2]             (6.0) (160.4)    
Benefits paid             (17.5) (39.6)    
Foreign exchange and other             0.0 0.0    
Fair value of plan assets — end of year 279.2     305.7     279.2 305.7   467.3
Funded status at year-end (91.9)     (149.6)     (91.9) (149.6)    
Amounts recognized in the consolidated balance sheets consist of:                    
Other assets 0.0     3.3     0.0 3.3    
Accrued expenses (9.6)     (10.3)     (9.6) (10.3)    
Other long-term liabilities (82.3)     (80.6)     (82.3) (80.6)    
Net amount recognized (91.9)     (149.6)     (91.9) (149.6)    
Amount recognized in accumulated other comprehensive income (pre-tax) consists of:                    
Net prior service credits (0.9)     (0.2)     (0.9) (0.2)    
Domestic Pension Plans | Liabilities of Discontinued Operations - Current                    
Amounts recognized in the consolidated balance sheets consist of:                    
Accrued expenses 0.0     0.0     0.0 0.0    
Domestic Pension Plans | Liabilities of Discontinued Operations - Non current                    
Amounts recognized in the consolidated balance sheets consist of:                    
Other long-term liabilities 0.0     (62.0)     0.0 (62.0)    
Domestic Pension Plans | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff                    
Change in projected benefit obligation:                    
Projected benefit obligation — beginning of year   62.0         62.0      
Projected benefit obligation — end of year       62.0       62.0    
Change in plan assets:                    
Spin-Off of SPX FLOW             0.0 0.0    
Domestic Pension Plans | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | Liabilities of Discontinued Operations - Non current                    
Change in projected benefit obligation:                    
Projected benefit obligation — beginning of year   62.0         62.0      
Projected benefit obligation — end of year       62.0       62.0    
Foreign Pension Plans                    
Change in projected benefit obligation:                    
Projected benefit obligation — beginning of year   239.6 [1]       335.6 239.6 [1] 335.6    
Service cost             1.3 2.6   2.7
Interest cost             7.7 13.8   13.4
Employee contributions             0.0 0.1    
Actuarial losses (gains)             (6.1) 55.3    
Settlements [2]             0.0 (127.7)    
Curtailment gain [3]             0.0 0.0    
Transfer to SPX FLOW of the life insurance obligations related to SPX FLOW executive officers [4]             (60.1) 0.0    
Plan amendment             0.0 (0.2)    
Benefits paid             (12.1) (16.0)    
Foreign exchange and other             (14.6) (23.9)    
Projected benefit obligation — end of year 155.7 [1]     239.6 [1]     155.7 [1] 239.6 [1]   335.6
Amount paid for obligations assumed by third party       $ 123.3 £ 79.2     $ 123.3 £ 79.2  
Number of retirees assumed by third party for future pension payments | retiree       900 900     900 900  
Lump sum settlements paid to Plan participants   4.4 £ 2.8              
Change in plan assets:                    
Fair value of plan assets — beginning of year   186.7       303.1 186.7 $ 303.1    
Actual return on plan assets             (0.8) 32.9    
Contributions (employer and employee)             5.5 10.8    
Settlements [2]             0.0 (127.7)    
Benefits paid             (12.1) (16.0)    
Benefits paid             (9.1) (12.8)    
Foreign exchange and other             (14.7) (19.6)    
Fair value of plan assets — end of year 163.5     $ 186.7     163.5 186.7   303.1
Funded status at year-end 7.8     (52.9)     7.8 (52.9)    
Amounts recognized in the consolidated balance sheets consist of:                    
Other assets 15.2     15.6     15.2 15.6    
Accrued expenses (0.3)     (0.3)     (0.3) (0.3)    
Other long-term liabilities (7.1)     (8.8)     (7.1) (8.8)    
Net amount recognized 7.8     (52.9)     7.8 (52.9)    
Amount recognized in accumulated other comprehensive income (pre-tax) consists of:                    
Net prior service credits 0.0     (0.2)     0.0 (0.2)    
Foreign Pension Plans | Liabilities of Discontinued Operations - Current                    
Amounts recognized in the consolidated balance sheets consist of:                    
Accrued expenses 0.0     (2.1)     0.0 (2.1)    
Foreign Pension Plans | Liabilities of Discontinued Operations - Non current                    
Amounts recognized in the consolidated balance sheets consist of:                    
Other long-term liabilities 0.0     (57.3)     0.0 (57.3)    
Foreign Pension Plans | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff                    
Change in projected benefit obligation:                    
Projected benefit obligation — beginning of year   59.4         59.4      
Projected benefit obligation — end of year       59.4       59.4    
Change in plan assets:                    
Spin-Off of SPX FLOW             (4.1) 0.0    
Foreign Pension Plans | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | Liabilities of Discontinued Operations - Non current                    
Change in projected benefit obligation:                    
Projected benefit obligation — beginning of year   59.4         59.4      
Projected benefit obligation — end of year       59.4       59.4    
Postretirement Plans                    
Change in projected benefit obligation:                    
Projected benefit obligation — beginning of year   $ 130.2 [5]       $ 131.5 130.2 [5] 131.5    
Service cost             0.1 0.4   0.5
Interest cost             4.4 5.3   4.8
Actuarial losses (gains)             (4.0) 14.2    
Settlements             (1.8) 0.0    
Plan amendment             4.5 (7.5)    
Benefits paid             (9.4) (13.7)    
Projected benefit obligation — end of year 120.8 [5]     130.2 [5]     120.8 [5] 130.2 [5]   $ 131.5
Change in plan assets:                    
Settlements             (1.8) 0.0    
Benefits paid             (9.4) (13.7)    
Funded status at year-end (120.8)     (130.2)     (120.8) (130.2)    
Amounts recognized in the consolidated balance sheets consist of:                    
Accrued expenses (12.0)     (12.6)     (12.0) (12.6)    
Other long-term liabilities (108.8)     (114.5)     (108.8) (114.5)    
Net amount recognized (120.8)     (130.2)     (120.8) (130.2)    
Amount recognized in accumulated other comprehensive income (pre-tax) consists of:                    
Net prior service credits (6.7)     (7.5)     (6.7) (7.5)    
Postretirement Plans | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff                    
Change in projected benefit obligation:                    
Transfer to SPX FLOW of the life insurance obligations related to SPX FLOW executive officers             (3.2) 0.0    
Postretirement Plans | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | Liabilities of Discontinued Operations - Non current                    
Amounts recognized in the consolidated balance sheets consist of:                    
Other long-term liabilities [5] $ 0.0     (3.1)     $ 0.0 (3.1)    
Executive officers | Life Insurance Obligations | SPX Flow, Inc | Discontinued Operations, Disposed of by Means Other than Sale, Spinoff | Liabilities of Discontinued Operations - Non current                    
Amounts recognized in the consolidated balance sheets consist of:                    
Other long-term liabilities       $ 3.1       $ 3.1    
[1] The Domestic Pension Plans' and the Foreign Pension Plans' balance at December 31, 2014 includes $62.0, and $59.4, respectively, of obligations that transferred to SPX FLOW at the time of the Spin-Off. As such, the $62.0 and $59.4, respectively, are included in "Liabilities of discontinued operations" within the accompanying consolidated balance sheet as of December 31, 2014.
[2] Settlements for the U.S. Plan in 2014 include (i) $165.2 paid to participants who accepted the voluntary lump-sum payment option offered in the first quarter of 2014, net of (ii) $4.8 refunded by Mass Mutual to the U.S. Plan in 2014 in connection with the partial settlement of the U.S. Plan in 2013. Settlements of the U.K. Plan in 2014 include GBP 79.2 ($123.3 equivalent) that the U.K. Plan paid Just Retirement to irrevocably assume the obligation to make future pension payments to approximately 900 retirees of the U.K. Plan beginning in the first quarter of 2015 and other lump-sum settlements of GBP 2.8 ($4.4 equivalent) paid to participants in connection with provisions of the U.K. Plan.
[3] Represents a curtailment gain recorded during the third quarter of 2015 in connection with the amendment of the U.S. Plan and SIARP previously noted.
[4] Represents the transfer to SPX FLOW of the "Top Management Plan" obligation related to SPX FLOW's executive officers and the impact of transferring foreign defined benefit plans sponsored by SPX FLOW.
[5] Balance at December 31, 2014 includes $3.1 for life insurance obligations to executives that transferred to SPX FLOW at the time of the Spin-Off. Accordingly, the $3.1 is included in “Liabilities of discontinued operations - non current” within the accompanying consolidated balance sheet as of December 31, 2014.