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REVENUES FROM CONTRACTS (Tables)

6 Months Ended

Jun. 28, 2025

Revenue from Contract with Customer [Abstract]

Schedule of 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, 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 June 28, 2025 and June 29, 2024:

						Three months ended June 28, 2025
Reportable Segments						HVAC						Detection and Measurement						Total
Major product lines
Package and process cooling equipment and services, and engineered air movement and handling solutions						$	238.8					$	—					$	238.8
Hydronic heating, electrical heating, and ventilation						137.9						—						137.9
Underground locators, inspection and rehabilitation  equipment, and robotic systems						—						69.5						69.5
Communication technologies, aids to navigation, and transportation systems						—						106.2						106.2
						$	376.7					$	175.7					$	552.4
Timing of Revenue Recognition
Revenues recognized at a point in time						$	345.4					$	151.9					$	497.3
Revenues recognized over time						31.3						23.8						55.1
						$	376.7					$	175.7					$	552.4

						Six months ended June 28, 2025
Reportable Segments						HVAC						Detection and Measurement						Total
Major product lines
Package and process cooling equipment and services, and engineered air movement and handling solutions						$	437.9					$	—					$	437.9
Hydronic heating, electrical heating, and ventilation						261.8						—						261.8
Underground locators, inspection and rehabilitation  equipment, and robotic systems						—						126.2						126.2
Communication technologies, aids to navigation, and transportation systems						—						209.1						209.1
						$	699.7					$	335.3					$	1,035.0
Timing of Revenue Recognition
Revenues recognized at a point in time						$	649.5					$	293.4					$	942.9
Revenues recognized over time						50.2						41.9						92.1
						$	699.7					$	335.3					$	1,035.0

						Three months ended June 29, 2024
Reportable Segments						HVAC						Detection and Measurement						Total
Major product lines
Package and process cooling equipment and services, and engineered air movement and handling solutions						$	244.6					$	—					$	244.6
Hydronic heating, electrical heating, and ventilation						111.9						—						111.9
Underground locators, inspection and rehabilitation  equipment, and robotic systems						—						66.1						66.1
Communication technologies, aids to navigation, and transportation systems						—						78.7						78.7
						$	356.5					$	144.8					$	501.3
Timing of Revenue Recognition
Revenues recognized at a point in time						$	315.0					$	120.7					$	435.7
Revenues recognized over time						41.5						24.1						65.6
						$	356.5					$	144.8					$	501.3

						Six months ended June 29, 2024
Reportable Segments						HVAC						Detection and Measurement						Total
Major product lines
Package and process cooling equipment and services, and engineered air movement and handling solutions						$	432.4					$	—					$	432.4
Hydronic heating, electrical heating, and ventilation						226.5						—						226.5
Underground locators, inspection and rehabilitation  equipment, and robotic systems						—						127.1						127.1
Communication technologies, aids to navigation, and transportation systems						—						180.5						180.5
						$	658.9					$	307.6					$	966.5
Timing of Revenue Recognition
Revenues recognized at a point in time						$	597.4					$	258.7					$	856.1
Revenues recognized over time						61.5						48.9						110.4
						$	658.9					$	307.6					$	966.5

Schedule of Contract with Customer, Asset and Liability

Our contract balances consisted of the following as of June 28, 2025 and December 31, 2024:

Contract Balances			June 28, 2025						December 31, 2024						Change
Contract Accounts Receivable(1)			$	355.5					$	305.4					$	50.1
Contract Assets			42.0						11.3						30.7
Contract Liabilities - current			(76.5)						(62.3)						(14.2)
Contract Liabilities - non-current(2)			(3.5)						(4.0)						0.5
Net contract balance			$	317.5					$	250.4					$	67.1

___________________________

(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.

Our contract balances consisted of the following as of June 29, 2024 and December 31, 2023:

Contract Balances			June 29, 2024						December 31, 2023						Change
Contract Accounts Receivable			$	319.3					$	275.4					$	43.9
Contract Assets			32.0						16.6						15.4
Contract Liabilities - current			(61.7)						(73.5)						11.8
Contract Liabilities - non-current			(3.7)						(4.0)						0.3
Net contract balance			$	285.9					$	214.5					$	71.4

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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

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X

- 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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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- References

No definition available.

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