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EQUITY AND LONG-TERM INCENTIVE COMPENSATION (Details 6) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended
--- | --- | ---
Apr. 01, 2017 | Apr. 02, 2016 | Dec. 31, 2016
Amounts reclassified from each component of accumulated comprehensive income |  |  |  |
Revenues | [1] | $ (340.6) | $ (360.6) |
Cost of products sold |  | 252.5 | 270.7 |
Interest expense |  | (4.0) | (3.5) |
Income from continuing operations before income taxes |  | (13.5) | (26.0) |
Income taxes |  | 3.2 | 5.8 |
Net income |  | (17.4) | (13.6) |
Selling, general and administrative |  | 69.6 | 74.3 |
Gain on sale of dry cooling business |  | 0.0 | (17.9) |
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Dry Cooling Business |  |  |  |
Amounts reclassified from each component of accumulated comprehensive income |  |  |  |
Gain on sale of dry cooling business |  |  | (17.9) |
Gains (Losses) on qualifying cash flow hedges | Amount Reclassified from AOCI |  |  |  |
Amounts reclassified from each component of accumulated comprehensive income |  |  |  |
Income from continuing operations before income taxes |  | (0.6) | 1.7 |
Income taxes |  | 0.2 | (0.3) |
Net income |  | (0.4) | 1.4 |
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 | 1.0 |
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 |  | (0.7) | 0.7 |
Gains (Losses) on qualifying cash flow hedges | Swaps | Amount Reclassified from AOCI |  |  |  |
Amounts reclassified from each component of accumulated comprehensive income |  |  |  |
Interest expense |  | (0.1) | 0.0 |
Gains on pension and postretirement items |  |  |  |
Amounts reclassified from each component of accumulated comprehensive income |  |  |  |
Income taxes |  | 0.0 | 0.0 |
Amounts reclassified from accumulated other comprehensive income |  | (0.2) | (0.2) |
Gains on pension and postretirement items | Amount Reclassified from AOCI |  |  |  |
Amounts reclassified from each component of accumulated comprehensive income |  |  |  |
Selling, general and administrative |  | (0.2) | (0.2) |
Gain on sale of dry cooling business | 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 |  |  |  |
Gain on sale of dry cooling business |  |  |  | $ (40.4)
Gain on sale of dry cooling business | FX Forward Contracts | 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 |  |  |  |
Gain on sale of dry cooling business |  | $ 0.0 | $ (40.4) |
[1] | Under the percentage-of-completion method, we recognized revenues of $78.8 and $104.3 in the three months ended April 1, 2017 and April 2, 2016, respectively. Costs and estimated earnings in excess of billings on uncompleted contracts accounted for under the percentage-of-completion method were $38.1 and $33.9 as of April 1, 2017 and December 31, 2016, 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 $42.8 and $53.3 as of April 1, 2017 and December 31, 2016, respectively, and are reported as a component of ‘‘Accrued expenses’’ in the condensed consolidated balance sheets.

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