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DISCONTINUED OPERATIONS AND SALE OF DRY COOLING BUSINESS (Tables)
 9 Months Ended
Oct. 01, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of income (loss) from discontinued operations and related income taxes
Major classes of line items constituting pre-tax income and after-tax income of SPX FLOW are shown below:
 
Three months ended
 
Nine months ended
 
September 26,
2015
 
September 26,
2015
Revenues
$
589.5

 
$
1,775.1

Costs and expenses:


 


Cost of products sold
391.5

 
1,179.3

Selling, general and administrative (1)
121.7

 
368.2

Intangible amortization
5.8

 
17.7

Impairment of intangible assets
15.0

 
15.0

Special charges
34.0

 
41.2

Other income (expense), net
(2.4
)
 
1.3

Interest expense, net
(11.0
)
 
(32.6
)
Income before taxes
8.1

 
122.4

Income tax provision
(7.4
)
 
(41.6
)
Income from discontinued operations, net of tax
0.7

 
80.8

Less: Net loss attributable to noncontrolling interest
—

 
(0.9
)
Income from discontinued operations attributable to SPX Corporation common shareholders, net of tax
$
0.7

 
$
81.7

___________________________
(1) 
Includes $16.8 and $30.8 for the three and nine months ended September 26, 2015, respectively, of professional fees and other costs that were incurred in connection with the Spin-Off.
Schedule of disposal groups, including discontinued operations, income statement, balance sheet and additional disclosures
The major classes of assets and liabilities held for sale as of December 31, 2015 are shown below:
Assets:
 
   Accounts receivable, net
$
49.2

   Inventories, net
12.9

   Other current assets
13.9

   Property, plant and equipment, net
3.3

   Goodwill
10.7

   Intangibles, net
8.3

   Other assets
8.8

      Assets held for sale
$
107.1

Liabilities:
 
   Accounts payable
$
13.7

   Accrued expenses
25.3

   Other long-term liabilities
2.3

      Liabilities held for sale
$
41.3

For the three and nine months ended October 1, 2016 and September 26, 2015, the table below presents a reconciliation of discontinued operations activity to the related amounts in the condensed consolidated statements of operations:
 
Three months ended
 
Nine months ended
 
October 1,
2016
 
September 26,
2015
 
October 1,
2016
 
September 26,
2015
SPX FLOW
 
 
 
 
 
 
 
Income from discontinued operations
$
—


$
8.1


$
—


$
122.4

Income tax provision
—


(7.4
)

—


(41.6
)
Income from discontinued operations, net
—


0.7


—


80.8

 







All other







Loss from discontinued operations
(0.5
)

(1.1
)

(2.3
)

(3.6
)
Income tax (provision) benefit
(0.2
)

0.5


0.1


2.1

Loss from discontinued operations, net
(0.7
)

(0.6
)

(2.2
)

(1.5
)
 







Total







Income (loss) from discontinued operations
(0.5
)

7.0


(2.3
)

118.8

Income tax (provision) benefit
(0.2
)

(6.9
)

0.1


(39.5
)
Income (loss) from discontinued operations, net
$
(0.7
)

$
0.1


$
(2.2
)

$
79.3

The following table presents selected financial information regarding cash flows of SPX FLOW that are included within discontinued operations in the condensed consolidated statement of cash flows for the nine months ended September 26, 2015:
Non-cash items included in income from discontinued operations:
 
Depreciation and amortization
$
44.3

Impairment of intangible assets
15.0

Capital expenditures
43.1