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REVENUES FROM CONTRACTS (Tables)

6 Months Ended

Jul. 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 and six months ended July 3, 2021 and June 27, 2020:

						Three months ended July 3, 2021
Reportable Segments and Other						HVAC						Detection and Measurement						Other						Total
Major product lines
Package and process cooling equipment and services						$	111.5					$	—					$	—					$	111.5
Boilers, comfort heating, and ventilation						73.9						—						—						73.9
Underground locators, inspection and rehabilitation  equipment, and robotic systems						—						65.9						—						65.9
Signal monitoring, obstruction lighting, and bus fare collection systems						—						45.3						—						45.3
South African projects						—						—						0.1						0.1
						$	185.4					$	111.2					$	0.1					$	296.7
Timing of Revenue Recognition
Revenues recognized at a point in time						$	166.3					$	101.5					$	—					$	267.8
Revenues recognized over time						19.1						9.7						0.1						28.9
						$	185.4					$	111.2					$	0.1					$	296.7

						Six months ended July 3, 2021
Reportable Segments and Other						HVAC						Detection and Measurement						Other						Total
Major product lines
Package and process cooling equipment and services						$	213.2					$	—					$	0.2					$	213.4
Boilers, comfort heating, and ventilation						147.8						—						—						147.8
Underground locators, inspection and rehabilitation  equipment, and robotic systems						—						133.3						—						133.3
Signal monitoring, obstruction lighting, and bus fare collection systems						—						89.5						—						89.5
South African projects						—						—						0.6						0.6
						$	361.0					$	222.8					$	0.8					$	584.6
Timing of Revenue Recognition
Revenues recognized at a point in time						$	320.7					$	198.0					$	—					$	518.7
Revenues recognized over time						40.3						24.8						0.8						65.9
						$	361.0					$	222.8					$	0.8					$	584.6

						Three months ended June 27, 2020
Reportable Segments and Other						HVAC						Detection and Measurement						Other						Total
Major product lines
Package and process cooling equipment and services						$	109.5					$	—					$	0.4					$	109.9
Boilers, comfort heating, and ventilation						55.7						—						—						55.7
Underground locators and inspection and rehabilitation  equipment						—						47.3						—						47.3
Signal monitoring, obstruction lighting, and bus fare collection systems						—						44.8						—						44.8
South African projects						—						—						0.3						0.3
						$	165.2					$	92.1					$	0.7					$	258.0
Timing of Revenue Recognition
Revenues recognized at a point in time						$	141.5					$	85.7					$	—					$	227.2
Revenues recognized over time						23.7						6.4						0.7						30.8
						$	165.2					$	92.1					$	0.7					$	258.0

						Six months ended June 27, 2020
Reportable Segments and Other						HVAC						Detection and Measurement						Other						Total
Major product lines
Package and process cooling equipment and services						$	211.7					$	—					$	0.4					$	212.1
Boilers, comfort heating, and ventilation						116.3						—						—						116.3
Underground locators and inspection and rehabilitation  equipment						—						96.0						—						96.0
Signal monitoring, obstruction lighting, and bus fare collection systems						—						88.0						—						88.0
South African projects						—						—						2.4						2.4
						$	328.0					$	184.0					$	2.8					$	514.8
Timing of Revenue Recognition
Revenues recognized at a point in time						$	269.0					$	169.2					$	0.2					$	438.4
Revenues recognized over time						59.0						14.8						2.6						76.4
						$	328.0					$	184.0					$	2.8					$	514.8

Contract with Customer, Asset and Liability

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

Contract Balances			July 3, 2021						December 31, 2020						Change
Contract Accounts Receivable(1)			$	204.5					$	210.6					$	(6.1)
Contract Assets			25.0						32.5						(7.5)
Contract Liabilities - current			(49.5)						(46.3)						(3.2)
Contract Liabilities - non-current(2)			(5.6)						(3.4)						(2.2)
Net contract balance			$	174.4					$	193.4					$	(19.0)

___________________________

(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.

X

- 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=123351226&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=123351226&loc=SL49130545-203045

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- References

No definition available.

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