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FAIR VALUE (Details 2) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Jul. 01, 2017
Jul. 02, 2016
Fair Value, Assets and Liabilities Measured on Non-Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Reduction/Amortization for the period $ 2.1 $ (0.1) $ 2.8 $ (1.3)
Balcke Durr Business | Discontinued Operations, Disposed of by Sale | Guarantees and Bonds | Fair Value, Measurements, Nonrecurring | Fair Value, Inputs, Level 3        
Fair Value, Assets and Liabilities Measured on Non-Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Guarantees and Bonds Liability, Balance [1],[2]     9.9  
Reduction/Amortization for the period [3]     (1.1)  
Impact of changes in foreign currency rates     0.9  
Guarantees and Bonds Liability, Balance [1] 9.7   9.7  
Balcke Durr Business | Discontinued Operations, Disposed of by Sale | Indemnification Agreement | Fair Value, Measurements, Nonrecurring | Fair Value, Inputs, Level 3        
Fair Value, Assets and Liabilities Measured on Non-Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Indemnification Assets, Balance [1],[2]     4.8  
Reduction/Amortization for the period [3]     1.3  
Impact of changes in foreign currency rates     (0.5)  
Indemnification Assets, Balance [1] $ 4.0   $ 4.0  
[1] Balance associated with the guarantees and bonds is reflected within “Other long-term liabilities,” while the balance associated with the indemnification assets is reflected within “Other assets.”
[2] In connection with the sale, we estimated the fair value of the existing parent company guarantees and bank and surety bonds considering the probability of default by Balcke Dürr and an estimate of the amount we would be obligated to pay in the event of a default. Additionally, we estimated the fair value of the cash collateral provided by Balcke Dürr and guarantee provided by mutares AG based on the terms and conditions and relative risk associated with each of these securities (unobservable inputs - Level 3).
[3] We reduce the liability generally at the earlier of the completion of the related underlying project milestones or the expiration of the guarantees or bonds. We amortize the asset based on the expiration terms of each of the securities. We record the reduction of the liability and the amortization of the asset to “Other income (expense), net.”