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EMPLOYEE BENEFIT PLANS | 6 Months Ended
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Jul. 02, 2016
Compensation and Retirement Disclosure [Abstract] |
EMPLOYEE BENEFIT PLANS | EMPLOYEE BENEFIT PLANS In connection with the Spin-Off, participants in the SPX U.S. Pension Plan (the “U.S. Plan”) that were transferred to SPX FLOW became eligible to elect a lump-sum payment option in lieu of a future pension benefit under the U.S. Plan. During the second quarter of 2016, approximately 9%, or $25.2, of the projected benefit obligation of the U.S. Plan was settled as a result of lump-sum payments. In connection with these lump-sum payments, we remeasured the assets and liabilities of the U.S. Plan as of May 31, 2016, which resulted in a charge to net periodic pension benefit expense of $1.0 during the quarter. During the second quarter of 2016, we made lump-sum payments to certain participants of the Supplemental Individual Account Retirement Plan (“SIARP”), settling approximately 22%, or $2.7, of the SIARP's projected benefit obligation. In connection with these lump-sum payments, we remeasured the liabilities of the SIARP as of June 30, 2016, which resulted in a charge to net periodic pension benefit expense of $0.8 during the quarter. Net periodic benefit expense (income) for our pension and postretirement plans included the following components: Domestic Pension Plans
| Three months ended |  | Six months ended
| July 2, 2016 |  | June 27, 2015 |  | July 2, 2016 |  | June 27, 2015
Service cost | $ | 0.1 |  |  | $ | 0.9 |  |  | $ | 0.2 |  |  | $ | 1.8 |
Interest cost | 3.5 |  |  | 4.3 |  |  | 7.1 |  |  | 8.6 |
Expected return on plan assets | (3.2 | ) |  | (4.9 | ) |  | (6.4 | ) |  | (9.8 | )
Recognized net actuarial loss | 1.8 |  |  | — |  |  | 1.8 |  |  | — |
Total net periodic pension benefit expense | $ | 2.2 |  |  | $ | 0.3 |  |  | $ | 2.7 |  |  | $ | 0.6 |
Foreign Pension Plans
| Three months ended |  | Six months ended
| July 2, 2016 |  | June 27, 2015 |  | July 2, 2016 |  | June 27, 2015
Service cost | $ | — |  |  | $ | 0.4 |  |  | $ | — |  |  | $ | 0.8 |
Interest cost | 1.5 |  |  | 2.0 |  |  | 2.9 |  |  | 4.0 |
Expected return on plan assets | (1.8 | ) |  | (2.5 | ) |  | (3.5 | ) |  | (4.9 | )
Total net periodic pension benefit income | (0.3 | ) |  | (0.1 | ) |  | (0.6 | ) |  | (0.1 | )
Less: Net periodic pension benefit expense of discontinued operations | — |  |  | 0.6 |  |  | — |  |  | 1.3 |
Net periodic pension benefit income of continuing operations | $ | (0.3 | ) |  | $ | (0.7 | ) |  | $ | (0.6 | ) |  | $ | (1.4 | )
Postretirement Plans
| Three months ended |  | Six months ended
| July 2, 2016 |  | June 27, 2015 |  | July 2, 2016 |  | June 27, 2015
Service cost | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Interest cost | 1.1 |  |  | 1.1 |  |  | 2.1 |  |  | 2.2 |
Amortization of unrecognized prior service credits | (0.2 | ) |  | (0.2 | ) |  | (0.4 | ) |  | (0.4 | )
Net periodic postretirement benefit expense | $ | 0.9 |  |  | $ | 0.9 |  |  | $ | 1.7 |  |  | $ | 1.8 |

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- Definition The entire disclosure for pension and other postretirement benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 80 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65877416&loc=SL14450702-114947 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65897934&loc=d3e2410-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6414203&loc=d3e39675-114964 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 70 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 60 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66047640&loc=d3e39622-114963 + Details
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