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ACQUISITIONS AND DISCONTINUED OPERATIONS (Tables)
 9 Months Ended
Oct. 02, 2021
Acquisitions and Discontinued Operations [Abstract]  
Schedule of Discontinued Operations Major line items constituting pre-tax income and after-tax income (loss) of Transformer Solutions for the three and nine months ended October 2, 2021 and September 26, 2020 are shown below:
Three months endedNine months ended
October 2, 2021September 26, 2020October 2, 2021September 26, 2020
Revenues$94.4 $95.1 $313.5 $319.6 
Costs and expenses:
Cost of product sold81.3 78.4 258.0 253.5 
Selling, general and administrative10.3 7.0 28.4 23.0 
Other income, net— 0.2 — 0.9 
Income before income tax2.8 9.9 27.1 44.0 
Income tax provision(33.8)(2.7)(6.8)(10.5)
Income (loss) from discontinued operations, net of tax$(31.0)$7.2 $20.3 $33.5 
Major line items constituting pre-tax income (loss) and after-tax income (loss) of Heat Transfer for the three and nine months ended September 26, 2020 are shown below:
Three months endedNine months ended
September 26, 2020September 26, 2020
Revenues$— $3.2 
Cost of product sold0.1 2.6 
Selling, general and administrative(0.1)0.1 
Special charges, net0.1 0.5 
Income (loss) before income tax(0.1)— 
Income tax provision— — 
Income (loss) from discontinued operations, net of tax$(0.1)$— 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The assets and liabilities of Transformer Solutions have been classified as assets and liabilities of discontinued operations as of December 31, 2020. The major line items constituting Transformer Solutions assets and liabilities as of December 31, 2020 are shown below:

ASSETS
Accounts receivable, net$50.9 
Contract assets48.6 
Inventories, net18.9 
Other current assets3.2 
Property, plant and equipment:
Land6.5 
Buildings and leasehold improvements63.1 
Machinery and equipment141.1 
210.7 
Accumulated depreciation(131.0)
Property, plant and equipment, net79.7 
Goodwill131.3 
Other assets8.1 
Total assets - discontinued operations$340.7 
LIABILITIES
Accounts payable$34.1 
Contract liabilities57.2 
Accrued expenses24.5 
Deferred and other income taxes21.6 
Other long-term liabilities9.1 
Total liabilities - discontinued operations$146.5