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REVENUES FROM CONTRACTS (Tables)
 6 Months Ended
Jun. 29, 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 affected by economic factors, with such disaggregation presented below for the three and six months ended June 29, 2019 and June 30, 2018:
 
 
Three Months Ended June 29, 2019
Reportable Segments and All Other
 
HVAC
 
Detection and Measurement
 
Engineered Solutions
 
All Other
 
Total
 
 
 
 
 
 
 
 
 
 
 
Major product lines
 
 
 
 
 
 
 
 
 
 
Cooling
 
$
67.0

 
$
—

 
$
—

 
$
—

 
$
67.0

Boilers, comfort heating, and ventilation
 
63.9

 
—

 
—

 
—

 
63.9

Underground locators and inspection and rehabilitation
 equipment
 
—

 
52.6

 
—

 
—

 
52.6

Signal monitoring, obstruction lighting, and bus fare collection systems
 
—

 
49.1

 
—

 
—

 
49.1

Power transformers
 
—

 
—

 
104.6

 
—

 
104.6

Process cooling equipment and services, and heat exchangers
 
—

 
—

 
34.4

 
3.1

 
37.5

South African projects (1)
 
—

 
—

 
—

 
(2.3
)
 
(2.3
)
 
 
$
130.9

 
$
101.7

 
$
139.0

 
$
0.8

 
$
372.4

 
 
 
 
 
 
 
 
 
 

Timing of Revenue Recognition
 
 
 
 
 
 
 
 
 

Revenues recognized at a point in time

 
$
130.9

 
$
96.1

 
$
12.9

 
$
0.5

 
$
240.4

Revenues recognized over time (1)

 
—

 
5.6

 
126.1

 
0.3

 
132.0

 
 
$
130.9

 
$
101.7

 
$
139.0

 
$
0.8

 
$
372.4



 
 
Six Months Ended June 29, 2019
Reportable Segments and All Other
 
HVAC
 
Detection and Measurement
 
Engineered Solutions
 
All Other
 
Total
 
 
 
 
 
 
 
 
 
 
 
Major product lines
 
 
 
 
 
 
 
 
 
 
Cooling
 
$
125.9

 
$
—

 
$
—

 
$
—

 
$
125.9

Boilers, comfort heating, and ventilation
 
133.4

 
—

 
—

 
—

 
133.4

Underground locators and inspection and rehabilitation
 equipment
 
—

 
99.7

 
—

 
—

 
99.7

Signal monitoring, obstruction lighting, and bus fare collection systems
 
—

 
87.1

 
—

 
—

 
87.1

Power transformers
 
—

 
—

 
203.4

 
—

 
203.4

Process cooling equipment and services, and heat exchangers
 
—

 
—

 
73.6

 
6.8

 
80.4

South African projects (1)
 
—

 
—

 
—

 
(13.9
)
 
(13.9
)
 
 
$
259.3

 
$
186.8

 
$
277.0

 
$
(7.1
)
 
$
716.0

 
 
 
 
 
 
 
 
 
 
 
Timing of Revenue Recognition
 
 
 
 
 
 
 
 
 
 
Revenues recognized at a point in time

 
$
259.3

 
$
175.7

 
$
25.4

 
$
1.6

 
$
462.0

Revenues recognized over time (1)

 
—

 
11.1

 
251.6

 
(8.7
)
 
254.0

 
 
$
259.3

 
$
186.8

 
$
277.0

 
$
(7.1
)
 
$
716.0

___________________________
(1) As further discussed below, during the three and six months ended June 29, 2019, we reduced the amount of revenue associated with the large power projects in South Africa by $6.0 and $23.5, respectively.
 
 
Three Months Ended June 30, 2018
Reportable Segments and All Other
 
HVAC
 
Detection and Measurement
 
Engineered Solutions
 
All Other
 
Total
 
 
 
 
 
 
 
 
 
 
 
Major product lines
 
 
 
 
 
 
 
 
 
 
Cooling
 
$
76.9

 
$
—

 
$
—

 
$
—

 
$
76.9

Boilers, comfort heating, and ventilation
 
62.8

 
—

 
—

 
—

 
62.8

Underground locators and inspection and rehabilitation
 equipment
 
—

 
35.1

 
—

 
—

 
35.1

Signal monitoring, obstruction lighting, and bus fare collection systems
 
—

 
39.5

 
—

 
—

 
39.5

Power transformers
 
—

 
—

 
94.2

 
—

 
94.2

Process cooling equipment and services, and heat exchangers
 
—

 
—

 
41.2

 
14.8

 
56.0

South African projects
 
—

 
—

 
—

 
14.7

 
14.7

 
 
$
139.7

 
$
74.6

 
$
135.4

 
$
29.5

 
$
379.2

 
 
 
 
 
 
 
 
 
 

Timing of Revenue Recognition
 
 
 
 
 
 
 
 
 

Revenues recognized at a point in time

 
$
139.7

 
$
72.1

 
$
15.7

 
$
1.4

 
$
228.9

Revenues recognized over time

 
—

 
2.5

 
119.7

 
28.1

 
150.3

 
 
$
139.7

 
$
74.6

 
$
135.4

 
$
29.5

 
$
379.2



 
 
Six Months Ended June 30, 2018
Reportable Segments and All Other
 
HVAC
 
Detection and Measurement
 
Engineered Solutions
 
All Other
 
Total
 
 
 
 
 
 
 
 
 
 
 
Major product lines
 
 
 
 
 
 
 
 
 
 
Cooling
 
$
136.5

 
$
—

 
$
—

 
$
—

 
$
136.5

Boilers, comfort heating, and ventilation
 
130.9

 
—

 
—

 
—

 
130.9

Underground locators and inspection and rehabilitation
 equipment
 
—

 
60.9

 
—

 
—

 
60.9

Signal monitoring, obstruction lighting, and bus fare collection systems
 
—

 
79.3

 
—

 
—

 
79.3

Power transformers
 
—

 
—

 
185.5

 
—

 
185.5

Process cooling equipment and services, and heat exchangers
 
—

 
—

 
77.7

 
31.3

 
109.0

South African projects
 
—

 
—

 
—

 
29.0

 
29.0

 
 
$
267.4

 
$
140.2

 
$
263.2

 
$
60.3

 
$
731.1

 
 
 
 
 
 
 
 
 
 
 
Timing of Revenue Recognition
 
 
 
 
 
 
 
 
 
 
Revenues recognized at a point in time

 
$
267.4

 
$
136.1

 
$
28.3

 
$
2.7

 
$
434.5

Revenues recognized over time

 
—

 
4.1

 
234.9

 
57.6

 
296.6

 
 
$
267.4

 
$
140.2

 
$
263.2

 
$
60.3

 
$
731.1
Contract with Customer, Asset and Liability Our contract balances consisted of the following as of June 29, 2019 and December 31, 2018:

Contract Balances
June 29, 2019
 
December 31, 2018
 
Change
Contract Accounts Receivable (1)
$
246.3

 
$
263.9

 
$
(17.6
)
Contract Assets
62.5

 
91.2

 
(28.7
)
Contract Liabilities - current
(80.3
)
 
(79.5
)
 
(0.8
)
Contract Liabilities - non-current (2)
(2.4
)
 
(2.1
)
 
(0.3
)
Net contract balance
$
226.1

 
$
273.5

 
$
(47.4
)
_____________________
(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.