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REVENUES FROM CONTRACTS (Tables)
 3 Months Ended
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.