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SHAREHOLDERS' EQUITY AND LONG-TERM INCENTIVE COMPENSATION (Details 4) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2017 | Oct. 01, 2016 | Apr. 02, 2016 | Sep. 30, 2017 | Oct. 01, 2016
Amounts reclassified from each component of accumulated comprehensive income |  |  |  |  |  |  |  |  |  |
Revenues | [1] | $ (348.5) |  | $ (345.0) |  |  | $ (1,038.8) |  | $ (1,077.0) |
Cost of products sold |  | 263.4 |  | 264.2 |  |  | 789.5 |  | 815.2 |
Interest expense |  | 4.3 |  | 3.8 |  |  | 12.9 |  | 11.1 |
Pre-tax |  | (26.8) |  | (7.1) |  |  | (38.0) |  | (43.4) |
Income taxes |  | 4.8 |  | 0.5 |  |  | 14.0 |  | 10.1 |
Net loss (income) |  | (22.3) |  | (1.9) |  |  | (30.7) |  | (18.5) |
Selling, general and administrative |  | 62.9 |  | 68.5 |  |  | 203.9 |  | 215.6 |
Recognition of foreign currency translation adjustment associated with the sale of our dry cooling business |  | 0.0 |  | (1.7) |  |  | 0.0 |  | (18.4) |
Disposal Group, Disposed of by Sale, Not Discontinued Operations | Dry Cooling Business |  |  |  |  |  |  |  |  |  |
Amounts reclassified from each component of accumulated comprehensive income |  |  |  |  |  |  |  |  |  |
Recognition of foreign currency translation adjustment associated with the sale of our dry cooling business |  |  |  | (1.7) |  | $ (17.9) |  |  | (18.4) |
Net Unrealized Gains (Losses) on Qualifying Cash Flow Hedges |  |  |  |  |  |  |  |  |  |
Amounts reclassified from each component of accumulated comprehensive income |  |  |  |  |  |  |  |  |  |
Gains on pension and postretirement items, net of tax |  | (0.1) | [2] | 0.2 | [3] |  | (0.8) | [4] | 2.1 | [5],[6]
Net Unrealized Gains (Losses) on Qualifying Cash Flow Hedges | Amount Reclassified from AOCI |  |  |  |  |  |  |  |  |  |
Amounts reclassified from each component of accumulated comprehensive income |  |  |  |  |  |  |  |  |  |
Pre-tax |  | (0.2) |  | 0.3 |  |  | (1.3) |  | 2.9 |
Income taxes |  | 0.1 |  | (0.1) |  |  | 0.5 |  | (0.8) |
Net loss (income) |  | (0.1) |  | 0.2 |  |  | (0.8) |  | 2.1 |
Net Unrealized 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 |  | 0.0 |  |  | 0.0 |  | 1.0 |
Net Unrealized 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 |  | (0.2) |  | 0.3 |  |  | (1.6) |  | 1.9 |
Net Unrealized Gains (Losses) on Qualifying Cash Flow Hedges | Swaps | Amount Reclassified from AOCI |  |  |  |  |  |  |  |  |  |
Amounts reclassified from each component of accumulated comprehensive income |  |  |  |  |  |  |  |  |  |
Interest expense |  | 0.0 |  | 0.0 |  |  | 0.3 |  | 0.0 |
Pension and Postretirement Liability Adjustment |  |  |  |  |  |  |  |  |  |
Amounts reclassified from each component of accumulated comprehensive income |  |  |  |  |  |  |  |  |  |
Amortization of unrecognized prior service credits, pre-tax |  | (0.3) |  | (0.3) |  |  | (0.7) |  | (0.7) |
Income taxes |  | 0.2 |  | 0.2 |  |  | 0.3 |  | 0.3 |
Gains on pension and postretirement items, net of tax |  | (0.1) | [7],[8] | (0.1) | [9] |  | (0.4) | [10],[11] | (0.4) | [5],[12]
Pension and Postretirement Liability Adjustment | Amount Reclassified from AOCI |  |  |  |  |  |  |  |  |  |
Amounts reclassified from each component of accumulated comprehensive income |  |  |  |  |  |  |  |  |  |
Selling, general and administrative |  | (0.3) |  | (0.3) |  |  | (0.7) |  | (0.7) |
Foreign Currency Translation Adjustment |  |  |  |  |  |  |  |  |  |
Amounts reclassified from each component of accumulated comprehensive income |  |  |  |  |  |  |  |  |  |
Gains on pension and postretirement items, net of tax |  | $ 0.0 |  | $ 0.0 |  |  | 0.0 |  | (40.4) | [5]
Foreign Currency Translation Adjustment | 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 |  |  |  |  |  |  |  |  |  |
Recognition of foreign currency translation adjustment associated with the sale of our dry cooling business |  |  |  |  |  |  | $ 0.0 |  | $ (40.4) |
[1] | Under the percentage-of-completion method, we recognized revenues of $67.0 and $78.3 in the three months ended September 30, 2017 and October 1, 2016, respectively. For the nine months ended September 30, 2017 and October 1, 2016, revenues under the percentage-of-completion method were $211.6 and $262.7, respectively. Costs and estimated earnings in excess of billings on uncompleted contracts accounted for under the percentage-of-completion method were $41.0 and $33.9 as of September 30, 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 $19.7 and $53.3 as of September 30, 2017 and December 31, 2016, respectively, and are reported as a component of ‘‘Accrued expenses’’ in the condensed consolidated balance sheets.
[2] | Net of tax provision of $1.1 and $0.8 as of September 30, 2017 and July 1, 2017, respectively.
[3] | Net of tax benefit of $0.7 and $1.0 as of October 1, 2016 and July 2, 2016, respectively.
[4] | Net of tax provision of $1.1 and $0.9 as of September 30, 2017 and December 31, 2016, respectively.
[5] | In connection with the sale of our dry cooling business, we reclassified $40.4 of other comprehensive income related to foreign currency translation to “Gain on sale of dry cooling business.”
[6] | Net of tax benefit of $0.7 and $0.8 as of October 1, 2016 and December 31, 2015, respectively.
[7] | As indicated in Note 9, we reduced our unfunded liability related to postretirement benefits and increased accumulated other comprehensive income (before tax effects) by $26.8.
[8] | Net of tax provision of $12.9 and $2.6 as of September 30, 2017 and July 1, 2017, respectively. The balances as of September 30, 2017 and July 1, 2017 represent net unamortized prior service credits.
[9] | Net of tax provision of $2.8 and $3.0 as of October 1, 2016 and July 2, 2016, respectively. The balances as of October 1, 2016 and July 2, 2016 include net unamortized prior service credits.
[10] | As indicated in Note 9, we reduced our unfunded liability related to postretirement benefits and increased accumulated other comprehensive income (before tax effects) by $26.8.
[11] | Net of tax provision of $12.9 and $2.7 as of September 30, 2017 and December 31, 2016. The balances as of September 30, 2017 and December 31, 2016 represent net unamortized prior service credits.
[12] | Net of tax provision of $2.8 and $3.1 as of October 1, 2016 and December 31, 2015, respectively. The balances as of October 1, 2016 and December 31, 2015 include net unamortized prior service credits.

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