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REVENUES FROM CONTRACTS (Tables)

3 Months Ended

Apr. 03, 2021

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 our other operating segment, 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 months ended April 3, 2021 and March 28, 2020:

						Three months ended April 3, 2021
Reportable Segments and Other						HVAC						Detection and Measurement						Engineered Solutions						Other						Total
Major product lines
Cooling						$	72.6					$	—					$	—					$	—					$	72.6
Boilers, comfort heating, and ventilation						73.9						—						—						—						73.9
Underground locators, inspection and rehabilitation  equipment, and robotic systems						—						67.4						—						—						67.4
Signal monitoring, obstruction lighting, and bus fare collection systems						—						44.2						—						—						44.2
Power transformers						—						—						110.6						—						110.6
Process cooling equipment and services						—						—						29.1						0.2						29.3
South African projects						—						—						—						0.5						0.5
						$	146.5					$	111.6					$	139.7					$	0.7					$	398.5
Timing of Revenue Recognition
Revenues recognized at a point in time						$	146.5					$	96.5					$	10.9					$	—					$	253.9
Revenues recognized over time						—						15.1						128.8						0.7						144.6
						$	146.5					$	111.6					$	139.7					$	0.7					$	398.5

						Three months ended March 28, 2020
Reportable Segments and Other						HVAC						Detection and Measurement						Engineered Solutions						Other						Total
Major product lines
Cooling						$	57.9					$	—					$	—					$	—					$	57.9
Boilers, comfort heating, and ventilation						60.6						—						—						—						60.6
Underground locators and inspection and rehabilitation  equipment						—						48.7						—						—						48.7
Signal monitoring, obstruction lighting, and bus fare collection systems						—						43.2						—						—						43.2
Power transformers						—						—						110.6						—						110.6
Process cooling equipment and services						—						—						44.3						—						44.3
South African projects						—						—						—						2.1						2.1
						$	118.5					$	91.9					$	154.9					$	2.1					$	367.4
Timing of Revenue Recognition
Revenues recognized at a point in time						$	118.5					$	83.5					$	11.6					$	—					$	213.6
Revenues recognized over time						—						8.4						143.3						2.1						153.8
						$	118.5					$	91.9					$	154.9					$	2.1					$	367.4

Contract with Customer, Asset and Liability

Our contract balances consisted of the following as of April 3, 2021 and December 31, 2020:

Contract Balances			April 3, 2021						December 31, 2020						Change
Contract Accounts Receivable(1)			$	226.6					$	260.7					$	(34.1)
Contract Assets			75.8						81.1						(5.3)
Contract Liabilities - current			(106.7)						(103.5)						(3.2)
Contract Liabilities - non-current(2)			(3.2)						(3.4)						0.2
Net contract balance			$	192.5					$	234.9					$	(42.4)

___________________________

(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.

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

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- References

No definition available.

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