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SHAREHOLDERS' EQUITY AND LONG-TERM INCENTIVE COMPENSATION (Details 4) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Oct. 01, 2016 | Sep. 26, 2015 | Oct. 01, 2016 | Sep. 26, 2015
Amounts reclassified from each component of accumulated comprehensive income |  |  |  |  |
Revenues | [1] | $ (385.2) | $ (374.1) | $ (1,187.4) | $ (1,209.8)
Cost of products sold |  | 301.2 | 371.2 | 918.8 | 1,036.4
Pre-tax |  | (2.6) | 125.2 | (26.8) | 192.2
Income taxes |  | 0.0 | 5.5 | 6.1 | (8.6)
Net loss (income) |  | (1.9) | 130.6 | (18.5) | 104.3
Selling, general and administrative |  | 76.3 | 106.8 | 239.5 | 322.4
Recognition of foreign currency translation adjustment associated with the sale of our dry cooling business |  | (1.7) | 0.0 | (18.4) | 0.0
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Dry Cooling Business |  |  |  |  |
Amounts reclassified from each component of accumulated comprehensive income |  |  |  |  |
Recognition of foreign currency translation adjustment associated with the sale of our dry cooling business |  | (1.7) |  | (18.4) |
Net Unrealized Gains (Losses) on Qualifying Cash Flow Hedges | Amount Reclassified from AOCI |  |  |  |  |
Amounts reclassified from each component of accumulated comprehensive income |  |  |  |  |
Pre-tax |  | 0.3 | 1.1 | 2.9 | 1.2
Income taxes |  | (0.1) | (0.3) | (0.8) | (0.6)
Net loss (income) |  | 0.2 | 0.8 | 2.1 | 0.6
Net Unrealized Gains (Losses) on Qualifying Cash Flow Hedges | FX Forward Contracts | Amount Reclassified from AOCI |  |  |  |  |
Amounts reclassified from each component of accumulated comprehensive income |  |  |  |  |
Revenues |  | 0.0 | 0.2 | 1.0 | (0.9)
Net Unrealized Gains (Losses) on Qualifying Cash Flow Hedges | Commodity Contracts | Amount Reclassified from AOCI |  |  |  |  |
Amounts reclassified from each component of accumulated comprehensive income |  |  |  |  |
Cost of products sold |  | 0.3 | 0.9 | 1.9 | 2.1
Pension and Postretirement Liability Adjustment |  |  |  |  |
Amounts reclassified from each component of accumulated comprehensive income |  |  |  |  |
Amortization of unrecognized prior service credits, pre-tax |  | (0.3) | (0.2) | (0.7) | (0.6)
Income taxes |  | 0.2 | 0.1 | 0.3 | 0.2
Gains on pension and postretirement items, net of tax |  | (0.1) | (0.1) | (0.4) | (0.4)
Pension and Postretirement Liability Adjustment | Amount Reclassified from AOCI |  |  |  |  |
Amounts reclassified from each component of accumulated comprehensive income |  |  |  |  |
Selling, general and administrative |  | $ (0.3) | $ (0.2) | (0.7) | (0.6)
Foreign Currency Translation Adjustment | Amount Reclassified from AOCI | Disposal Group, Disposed of by Sale, Not Discontinued Operations | Dry Cooling Business |  |  |  |  |
Amounts reclassified from each component of accumulated comprehensive income |  |  |  |  |
Recognition of foreign currency translation adjustment associated with the sale of our dry cooling business |  |  |  | $ (40.4) | $ 0.0
[1] | Under the percentage-of-completion method, we recognized revenues of $111.0 and $78.8 in the three months ended October 1, 2016 and September 26, 2015, respectively. For the nine months ended October 1, 2016 and September 26, 2015, revenues under the percentage-of-completion method were $347.6 and $325.1, respectively. Costs and estimated earnings in excess of billings on uncompleted contracts accounted for under the percentage-of-completion method were $91.3 and $106.3 as of October 1, 2016 and December 31, 2015, respectively, and are reported as a component of ‘‘Accounts receivable, net’’ in the condensed consolidated balance sheets. Billings in excess of costs and estimated earnings on uncompleted contracts accounted for under the percentage-of-completion method were $75.8 and $116.3 as of October 1, 2016 and December 31, 2015, respectively, and are reported as a component of ‘‘Accrued expenses’’ in the condensed consolidated balance sheets.

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