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FAIR VALUE (Tables) | 6 Months Ended
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Jun. 27, 2020
Fair Value Disclosures [Abstract] |
Fair Value Measurements, Nonrecurring | Summarized below are changes in the liability and asset during the six months ended June 27, 2020, and June 29, 2019.
|  | Six months ended |  |  |  |  |  |
|  | June 27, 2020 |  |  |  | June 29, 2019 |  |
|  | Guarantees and Bonds Liability (1) |  | Indemnification Assets (1) |  | Guarantees and Bonds Liability (1) |  | Indemnification Assets (1)
Balance at beginning of year |  | $ | 2.0 |  |  | $ | 0.3 |  |  | $ | 4.4 |  |  | $ | 1.2 |
Reduction/Amortization for the period (2) |  | (0.3) |  |  | (0.1) |  |  | (2.2) |  |  | (0.4) |
Impact of changes in foreign currency rates |  | 0.1 |  |  | — |  |  | — |  |  | — |
Balance at end of period (3) |  | $ | 1.8 |  |  | $ | 0.2 |  |  | $ | 2.2 |  |  | $ | 0.8 |
___________________________ (1)In connection with the sale, we estimated the fair value of the existing parent company guarantees and bank and surety bonds considering the probability of default by Balcke Dürr and an estimate of the amount we would be obligated to pay in the event of a default. Additionally, we estimated the fair value of the cash collateral provided by Balcke Dürr and guarantee provided by mutares AG based on the terms and conditions and relative risk associated with each of these securities (unobservable inputs - Level 3). (2)We reduce the liability generally at the earlier of the completion of the related underlying project milestones or the expiration of the guarantees or bonds. We amortize the asset based on the expiration terms of each of the securities. We record the reduction of the liability and the amortization of the asset to “Other income, net.” (3)The balance associated with the guarantees and bonds is reflected within “Other long-term liabilities,” while the balance associated with the indemnification assets is reflected within “Other assets.”

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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