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REVENUES FROM CONTRACTS (Tables) | 3 Months Ended
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Mar. 30, 2019
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | We disaggregate revenue from contracts with customers by major product line and based on the timing of recognition for each of our reportable segments and other operating segments, as we believe such disaggregation best depicts how the nature, amount, timing, and uncertainty of our revenues and cash flows are effected by economic factors, with such disaggregation presented below for the three months ended March 30, 2019 and March 31, 2018:
|  | Three Months Ended March 30, 2019
Reportable Segments and All Other |  | HVAC |  | Detection and Measurement |  | Engineered Solutions |  | All Other |  | Total
Major product lines |  |  |  |  |  |  |  |  |  |
Cooling |  | $ | 58.9 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 58.9 |
Boilers, comfort heating, and ventilation |  | 69.5 |  |  | — |  |  | — |  |  | — |  |  | 69.5 |
Underground locators and inspection and rehabilitation equipment |  | — |  |  | 47.1 |  |  | — |  |  | — |  |  | 47.1 |
Signal monitoring, obstruction lighting, and bus fare collection systems |  | — |  |  | 38.0 |  |  | — |  |  | — |  |  | 38.0 |
Power transformers |  | — |  |  | — |  |  | 98.8 |  |  | — |  |  | 98.8 |
Process cooling equipment and services, and heat exchangers |  | — |  |  | — |  |  | 39.2 |  |  | 3.7 |  |  | 42.9 |
South African projects (1) |  | — |  |  | — |  |  | — |  |  | (11.6 | ) |  | (11.6 | )
|  | $ | 128.4 |  |  | $ | 85.1 |  |  | $ | 138.0 |  |  | $ | (7.9 | ) |  | $ | 343.6 |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |  |
Revenues recognized at a point in time |  | $ | 128.4 |  |  | $ | 79.6 |  |  | $ | 12.5 |  |  | $ | 1.1 |  |  | $ | 221.6 |
Revenues recognized over time (1) |  | — |  |  | 5.5 |  |  | 125.5 |  |  | (9.0 | ) |  | 122.0 |
|  | $ | 128.4 |  |  | $ | 85.1 |  |  | $ | 138.0 |  |  | $ | (7.9 | ) |  | $ | 343.6 |
___________________________ (1) As further discussed below, during the three months ended March 30, 2019, we reduced the amount of cumulative revenue associated with the variable consideration on the large power projects in South Africa by $17.5.
|  | Three Months Ended March 31, 2018
Reportable Segments and All Other |  | HVAC |  | Detection and Measurement |  | Engineered Solutions |  | All Other |  | Total
Major product lines |  |  |  |  |  |  |  |  |  |
Cooling |  | $ | 59.6 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 59.6 |
Boilers, comfort heating, and ventilation |  | 68.1 |  |  | — |  |  | — |  |  | — |  |  | 68.1 |
Underground locators and inspection and rehabilitation equipment |  | — |  |  | 25.8 |  |  | — |  |  | — |  |  | 25.8 |
Signal monitoring, obstruction lighting, and bus fare collection systems |  | — |  |  | 39.8 |  |  | — |  |  | — |  |  | 39.8 |
Power transformers |  | — |  |  | — |  |  | 91.3 |  |  | — |  |  | 91.3 |
Process cooling equipment and services, and heat exchangers |  | — |  |  | — |  |  | 36.5 |  |  | 16.5 |  |  | 53.0 |
South African projects |  | — |  |  | — |  |  | — |  |  | 14.3 |  |  | 14.3 |
|  | $ | 127.7 |  |  | $ | 65.6 |  |  | $ | 127.8 |  |  | $ | 30.8 |  |  | $ | 351.9 |
Timing of Revenue Recognition |  |  |  |  |  |  |  |  |  |
Revenues recognized at a point in time |  | $ | 127.7 |  |  | $ | 64.0 |  |  | $ | 12.6 |  |  | $ | 1.3 |  |  | $ | 205.6 |
Revenues recognized over time |  | — |  |  | 1.6 |  |  | 115.2 |  |  | 29.5 |  |  | 146.3 |
|  | $ | 127.7 |  |  | $ | 65.6 |  |  | $ | 127.8 |  |  | $ | 30.8 |  |  | $ | 351.9 |
Contract with Customer, Asset and Liability | Our contract balances consisted of the following as of March 30, 2019 and December 31, 2018:
Contract Balances | March 30, 2019 |  | December 31, 2018 |  | Change
Contract Accounts Receivable (1) | $ | 242.6 |  |  | $ | 263.9 |  |  | $ | (21.3 | )
Contract Assets | 68.9 |  |  | 91.2 |  |  | (22.3 | )
Contract Liabilities - current | (84.0 | ) |  | (79.5 | ) |  | (4.5 | )
Contract Liabilities - non-current (2) | (2.0 | ) |  | (2.1 | ) |  | 0.1 |
Net contract balance | $ | 225.5 |  |  | $ | 273.5 |  |  | $ | (48.0 | )
_____________________ (1) Included in “Accounts receivable, net” within the accompanying condensed consolidated balance sheets. (2) Included in “Other long-term liabilities” within the accompanying condensed consolidated balance sheets.

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