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CONTINGENT LIABILITIES AND OTHER MATTERS (Details 2) - USD ($) $ / shares in Units, $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Oct. 01, 2016 | Sep. 26, 2015 | Oct. 01, 2016 | Sep. 26, 2015
Contingent Liabilities and Other Matters |  |  |  |  |
Increase in loss from continuing operations before income taxes |  | $ (2.6) | $ 125.2 | $ (26.8) | $ 192.2
Reduction in revenue | [1] | (385.2) | (374.1) | (1,187.4) | (1,209.8)
Increase in cost of products sold |  | 301.2 | 371.2 | 918.8 | 1,036.4
Increase in net loss |  | (1.9) | 130.6 | (18.5) | 104.3
Large Power Projects | South Africa |  |  |  |  |
Contingent Liabilities and Other Matters |  |  |  |  |
Revenue recognized |  | $ 27.0 |  | $ 27.0 |
Large Power Projects | Revisions in estimates for large power projects | South Africa |  |  |  |  |
Contingent Liabilities and Other Matters |  |  |  |  |
Increase in loss from continuing operations before income taxes |  |  | 95.0 |  | 95.0
Reduction in revenue |  |  | 57.2 |  | 57.2
Increase in cost of products sold |  |  | 37.8 |  | 37.8
Increase in net loss |  |  | $ 71.2 |  | $ 71.2
Increase in loss per share of common stock |  |  | $ 1.75 |  | $ 1.75
[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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