XML 45 R35.htm IDEA: XBRL DOCUMENT v3.8.0.1
INFORMATION ON REPORTABLE SEGMENTS (Details)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
USD ($)
country
Oct. 01, 2016
USD ($)
Sep. 30, 2017
USD ($)
country
segment
Oct. 01, 2016
USD ($)
Dec. 31, 2016
USD ($)
Information on reportable segments and other operating segments          
Number of reportable segments | segment     3    
Revenues:          
Consolidated revenues [1] $ 348.5 $ 345.0 $ 1,038.8 $ 1,077.0  
Revenues recognized under percentage of completion method 67.0 78.3 211.6 262.7  
Income          
Pension and postretirement income (expense)     (8.3) (11.9)  
Special charges, net (1.0) (1.9) (2.0) (4.8)  
Impairment of intangible assets 0.0 0.0 0.0 (4.0)  
Gain on sale of dry cooling business 0.0 1.7 0.0 18.4  
Operating income 31.2 11.3 53.1 53.2  
Assets          
Costs and estimated earnings in excess of billings 41.0   41.0   $ 33.9
Liabilities          
Billings in excess of costs and estimated earnings on uncompleted contracts reported as a component of accrued expenses 19.7   19.7   $ 53.3
Gain (loss) on contract termination 10.2 0.0 10.2 0.0  
Operating Segments          
Income          
Operating income 45.4 26.0 100.4 88.0  
Corporate          
Income          
Corporate expense (11.0) (9.6) (33.7) (29.6)  
Special charges, net 0.0 0.2 (0.1) 0.2  
Segment Reconciling Items          
Income          
Long-term incentive compensation expense (3.6) (4.1) (10.4) (10.2)  
Pension and postretirement income (expense) 1.4 (0.8) (1.2) (4.6)  
Special charges, net (1.0) (1.9) (2.0) (4.8)  
Impairment of intangible assets 0.0 0.0 0.0 (4.0)  
Gain on sale of dry cooling business 0.0 1.7 0.0 18.4  
HVAC segment          
Revenues:          
Consolidated revenues [1] 119.4 116.9 349.8 350.4  
Income          
Special charges, net 0.0 0.0 (0.4) 0.0  
HVAC segment | Operating Segments          
Income          
Operating income 15.6 15.6 47.5 48.6  
Detection and Measurement segment          
Revenues:          
Consolidated revenues [1] 66.9 52.3 185.0 167.8  
Income          
Special charges, net 0.0 (0.3) (0.3) (0.5)  
Detection and Measurement segment | Operating Segments          
Income          
Operating income 16.5 7.8 45.0 30.9  
Engineered Solutions segment          
Revenues:          
Consolidated revenues [1],[2] 162.2 175.8 504.0 558.8  
Income          
Special charges, net (1.0) (1.8) (1.2) (4.5)  
Liabilities          
Proceeds from contract termination 9.0        
Gain (loss) on contract termination 10.2        
Engineered Solutions segment | Operating Segments          
Income          
Operating income [2],[3] $ 13.3 $ 2.6 7.9 $ 8.5  
Engineered Solutions segment | Operating Segments | South Africa | Large Power Projects | Contracts Accounted for under Percentage of Completion          
Revenues:          
Consolidated revenues [1]     (13.5)    
Income          
Operating income [2]     $ (22.9)    
Minimum          
Information on reportable segments and other operating segments          
Number of countries in which entity operates | country 15   15    
Number of countries in which entity sells its products and services | country 100   100    
[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] As further discussed in Note 13, during the second quarter of 2017, we made revisions to our expected revenues and profits on our large power projects in South Africa. As a result of these revisions, we reduced revenue and segment income by $13.5 and $22.9, respectively, for the nine months ended September 30, 2017.
[3] During the third quarter of 2017, we settled a contract that had been suspended and then ultimately cancelled by a customer for cash proceeds of $9.0 and other consideration. In connection with the settlement, we recorded a gain of $10.2 during the quarter within our Engineered Solutions reportable segment.