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v3.22.2.2

INDEBTEDNESS - Summary of Debt Activity (Details) - USD ($) | 9 Months Ended |  |
--- | --- | --- | ---
Oct. 01, 2022 | Aug. 12, 2022 | Dec. 31, 2021
Debt |  |  |
Balance at the beginning of the period | $ 246,000,000.0 |  |
Borrowings | 245,100,000 |  |
Repayments | (244,500,000) |  |
Other | 300,000 |  |
Balance at the end of the period | 246,900,000 |  |
Less: short-term debt | 1,900,000 |  | $ 2,200,000
Less: current maturities of long-term debt | 400,000 |  | 13,000,000.0
Long-term debt | 244,600,000 |  | 230,800,000
Trade receivables financing arrangement |  |  |
Debt |  |  |
Balance at the beginning of the period | 0 |  |
Borrowings | 0 |  |
Repayments | 0 |  |
Other | 0 |  |
Balance at the end of the period | 0 |  |
Maximum borrowing capacity under financing arrangement | 50,000,000.0 |  |
Amount of available borrowing capacity | 30,300,000 |  |
Other indebtedness |  |  |
Debt |  |  |
Balance at the beginning of the period | 3,300,000 |  |
Borrowings | 100,000 |  |
Repayments | (800,000) |  |
Other | 0 |  |
Balance at the end of the period | 2,600,000 |  |
Purchase card programs | 1,900,000 |  | 2,200,000
Finance lease, liability | 700,000 |  | 1,100,000
Revolving loans | Current Revolving SPX Facilities |  |  |
Debt |  |  |
Balance at the beginning of the period | 0 |  |
Borrowings | 0 |  |
Repayments | 0 |  |
Other | 0 |  |
Balance at the end of the period | 0 |  |
Term loan | Current SPX Term Loan Facilities |  |  |
Debt |  |  |
Balance at the beginning of the period | 242,700,000 |  |
Borrowings | 245,000,000.0 |  |
Repayments | (243,700,000) |  |
Other | 300,000 |  |
Balance at the end of the period | 244,300,000 |  |
Maximum borrowing capacity under financing arrangement |  | $ 245,000,000.0 |
Borrowings under line of credit |  | $ 237,400,000 |
Unamortized debt issuance costs | $ 700,000 |  | $ 1,000,000.0
Term loan | Current SPX Term Loan Facilities | 2022 and 2023 |  |  |
Debt |  |  |
Periodic payment (as a percent of principal) | 0.625% |  |
Term loan | Current SPX Term Loan Facilities | First three quarters of 2024 |  |  |
Debt |  |  |
Periodic payment (as a percent of principal) | 1.25% |  |

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- Definition Amount of increase (decrease) in debt instruments, classified as other. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(f)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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- Definition Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1D -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495340-112611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=124435984&loc=d3e28555-108399 + Details
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