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REVENUES FROM CONTRACTS (Tables)

9 Months Ended

Oct. 02, 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 nine months ended October 2, 2021 and September 26, 2020:

						Three months ended October 2, 2021
Reportable Segments and Other						HVAC						Detection and Measurement						Other						Total
Major product lines
Package and process cooling equipment and services						$	104.1					$	—					$	—					$	104.1
Boilers, comfort heating, and ventilation						75.2						—						—						75.2
Underground locators, inspection and rehabilitation  equipment, and robotic systems						—						60.1						—						60.1
Communication technologies, obstruction lighting, and bus fare collection systems						—						46.3						—						46.3
South African projects						—						—						0.1						0.1
						$	179.3					$	106.4					$	0.1					$	285.8
Timing of Revenue Recognition
Revenues recognized at a point in time						$	154.1					$	94.5					$	—					$	248.6
Revenues recognized over time						25.2						11.9						0.1						37.2
						$	179.3					$	106.4					$	0.1					$	285.8

						Nine months ended October 2, 2021
Reportable Segments and Other						HVAC						Detection and Measurement						Other						Total
Major product lines
Package and process cooling equipment and services						$	317.3					$	—					$	0.2					$	317.5
Boilers, comfort heating, and ventilation						223.0						—						—						223.0
Underground locators, inspection and rehabilitation  equipment, and robotic systems						—						193.4						—						193.4
Communication technologies, obstruction lighting, and bus fare collection systems						—						135.8						—						135.8
South African projects						—						—						0.7						0.7
						$	540.3					$	329.2					$	0.9					$	870.4
Timing of Revenue Recognition
Revenues recognized at a point in time						$	474.8					$	292.5					$	—					$	767.3
Revenues recognized over time						65.5						36.7						0.9						103.1
						$	540.3					$	329.2					$	0.9					$	870.4

						Three months ended September 26, 2020
Reportable Segments and Other						HVAC						Detection and Measurement						Other						Total
Major product lines
Package and process cooling equipment and services						$	107.7					$	—					$	0.2					$	107.9
Boilers, comfort heating, and ventilation						74.9						—						—						74.9
Underground locators, inspection and rehabilitation  equipment, and robotic systems						—						52.0						—						52.0
Communication technologies, obstruction lighting, and bus fare collection systems						—						33.2						—						33.2
South African Projects						—						—						0.3						0.3
						$	182.6					$	85.2					$	0.5					$	268.3
Timing of Revenue Recognition
Revenues recognized at a point in time						$	160.6					$	76.2					$	—					$	236.8
Revenues recognized over time						22.0						9.0						0.5						31.5
						$	182.6					$	85.2					$	0.5					$	268.3

						Nine months ended September 26, 2020
Reportable Segments and Other						HVAC						Detection and Measurement						Other						Total
Major product lines
Package and process cooling equipment and services						$	319.4					$	—					$	0.6					$	320.0
Boilers, comfort heating, and ventilation						191.2						—						—						191.2
Underground locators, inspection and rehabilitation  equipment, and robotic systems						—						148.0						—						148.0
Communication technologies, obstruction lighting, and bus fare collection systems						—						121.2						—						121.2
South African projects						—						—						2.7						2.7
						$	510.6					$	269.2					$	3.3					$	783.1
Timing of Revenue Recognition
Revenues recognized at a point in time						$	429.6					$	245.4					$	0.2					$	675.2
Revenues recognized over time						81.0						23.8						3.1						107.9
						$	510.6					$	269.2					$	3.3					$	783.1

Contract with Customer, Asset and Liability

Our contract balances consisted of the following as of October 2, 2021 and December 31, 2020:

Contract Balances			October 2, 2021						December 31, 2020						Change
Contract Accounts Receivable(1)			$	202.8					$	210.6					$	(7.8)
Contract Assets			23.7						32.5						(8.8)
Contract Liabilities - current			(50.7)						(46.3)						(4.4)
Contract Liabilities - non-current(2)			(5.9)						(3.4)						(2.5)
Net contract balance			$	169.9					$	193.4					$	(23.5)

___________________________

(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=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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