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INDEBTEDNESS (Details) - USD ($) $ in Millions | 6 Months Ended |
--- | --- | ---
Jul. 02, 2016 | Dec. 31, 2015
Debt |  |  |
Balance at the beginning of the period |  | $ 371.8 |
Borrowings |  | 93.6 |
Repayments |  | (94.2) |
Other | [1] | 2.7 |
Balance at the end of the period |  | 373.9 |
Less: short-term debt |  | 21.5 | $ 22.1
Less: current maturities of long-term debt |  | 17.9 | 9.1
Total long-term debt |  | 334.5 | 340.6
Debt issuance costs |  | 1.8 | 2.0
Trade receivables financing arrangement |  |  |
Debt |  |  |
Balance at the beginning of the period | [2] | 0.0 |
Borrowings | [2] | 20.0 |
Repayments | [2] | (20.0) |
Other | [1],[2] | 0.0 |
Balance at the end of the period | [2] | 0.0 |
Maximum borrowing capacity |  | 50.0 |
Amount of available borrowing capacity |  | 32.1 |
Other indebtedness |  |  |
Debt |  |  |
Balance at the beginning of the period | [3] | 23.8 |
Borrowings | [3] | 8.6 |
Repayments | [3] | (9.2) |
Other | [1],[3] | 2.5 |
Balance at the end of the period | [3] | 25.7 |
Purchase card programs |  | 4.3 | 4.8
Capital lease obligations |  | $ 4.2 | 1.7
Term loan |  |  |
Debt |  |  |
Initial principal amount of the term loan to be repaid annually in quarterly installments (as a percent) |  | 5.00% |
Revolving loans | Current Revolving SPX Facilities |  |  |
Debt |  |  |
Balance at the beginning of the period |  | $ 0.0 |
Borrowings |  | 65.0 |
Repayments |  | (65.0) |
Other | [1] | 0.0 |
Balance at the end of the period |  | 0.0 |
Term loans | Current SPX Term Loan Facilities |  |  |
Debt |  |  |
Balance at the beginning of the period |  | 348.0 |
Borrowings | [4] | 0.0 |
Repayments | [4] | 0.0 |
Other | [1],[4] | 0.2 |
Balance at the end of the period | [4] | 348.2 |
Foreign credit instrument facility | Other indebtedness | China |  |  |
Debt |  |  |
Borrowings under line of credit |  | $ 14.7 | $ 17.3
[1] | “Other” primarily includes debt assumed, foreign currency translation on any debt instruments denominated in currencies other than the U.S. dollar, and the impact of amortization of debt issuance costs associated with the term loan.
[2] | Under this arrangement, we can borrow, on a continuous basis, up to $50.0, as available. At July 2, 2016, we had $32.1 of available borrowing capacity under this facility.
[3] | Primarily includes balances under a purchase card program of $4.3 and $4.8, capital lease obligations of $4.2 and $1.7, and borrowings under a line of credit in China of $14.7 and $17.3 at July 2, 2016 and December 31, 2015, respectively. The purchase card program allows for payment beyond the normal payment terms for goods and services acquired under the program. As this arrangement extends the payment of these purchases beyond their normal payment terms through third-party lending institutions, we have classified these amounts as short-term debt.
[4] | The term loan is repayable in quarterly installments of 5.0% annually, beginning in the third fiscal quarter of 2016. The remaining balance is repayable in full on September 24, 2020. Balances are net of unamortized debt issuance costs of $1.8 and $2.0 at July 2, 2016 and December 31, 2015, respectively. See Notes 1 and 2 for additional details.

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