XML 62 R46.htm IDEA: XBRL DOCUMENT v3.25.0.1
Basis of Presentation and Summary of Significant Accounting Policies (Details)
 12 Months Ended
Feb. 07, 2024
USD ($)
Jun. 02, 2023
USD ($)
Apr. 03, 2023
USD ($)
Nov. 01, 2022
USD ($)
subsidiary
Mar. 31, 2022
USD ($)
Jun. 08, 2021
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Aug. 15, 2022
$ / shares
Asset acquired :                    
Loss on disposition of discontinued operations, net of tax             $ (1,300,000) $ (54,800,000) $ (19,600,000)  
Number of subsidiaries divested (in subsidiaries) | subsidiary       3            
Business acquisition, net of cash acquired             292,000,000.0 547,000,000.0 40,000,000.0  
Foreign currency transaction net (losses)             800,000 (900,000) (1,100,000)  
Capitalized software, net of amortization             3,600,000 3,100,000    
Capitalized software amortization expense             400,000 100,000 100,000  
Research and development expense             45,900,000 43,200,000 39,100,000  
Depreciation expense, including amortization of capital leases             26,700,000 19,200,000 17,800,000  
Interest capitalized             0 0 0  
Borrowings from life insurance policies             $ 41,200,000      
Life insurance, corporate or bank owned, interest rate             5.30%      
COLI assets             $ 36,200,000 76,700,000    
Maximum | Buildings                    
Asset acquired :                    
Useful lives of property, plant and equipment (in years)             40 years      
Maximum | Machinery and equipment                    
Asset acquired :                    
Useful lives of property, plant and equipment (in years)             15 years      
Minimum | Machinery and equipment                    
Asset acquired :                    
Useful lives of property, plant and equipment (in years)             3 years      
The Subsidiaries                    
Asset acquired :                    
Accrued liabilities       $ 138,800,000            
Discontinued operations, disposed of by sale | Transformer Solutions                    
Asset acquired :                    
Payment for divestiture                 13,900,000  
Loss on disposition of discontinued operations, net of tax                 200,000  
Disposed of by Sale | Canvas Holdco LLC                    
Asset acquired :                    
Loss on Asbestos Portfolio Sale       73,900,000            
Legacy SPX                    
Asset acquired :                    
Par value (in dollars per share) | $ / shares                   $ 0.01
Canvas Holdco LLC | The Subsidiaries                    
Asset acquired :                    
Payment for divestitures       $ 8,000,000.0            
SPX Transformer Solutions, Inc. | Revenue Benchmark | Product Concentration Risk                    
Asset acquired :                    
Concentration risk, percentage           25.00%        
Ingénia Technologies Inc.                    
Asset acquired :                    
Business acquisition, net of cash acquired $ 292,000,000.0                  
Adjustment, consideration transferred             $ 2,100,000      
Cash acquired from acquisition $ 1,500,000                  
T. A. Morrison & Co. Inc. (TAMCO)                    
Asset acquired :                    
Business acquisition, net of cash acquired     $ 125,500,000              
Adjustment, consideration transferred               200,000    
Cash acquired from acquisition     $ 1,000,000.0              
ASPEQ Parent Holdings, Inc.                    
Asset acquired :                    
Business acquisition, net of cash acquired   $ 421,500,000                
Adjustment, consideration transferred               $ 300,000    
Cash acquired from acquisition   $ 900,000                
International Tower Lighting, LLC                    
Asset acquired :                    
Business acquisition, net of cash acquired         $ 40,400,000          
Adjustment, consideration transferred                 $ 1,400,000  
Cash acquired from acquisition         $ 1,100,000