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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.