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BUSINESS COMBINATION (Tables) - Power Solutions [Member]
3 Months Ended
Apr. 01, 2016
Business Acquisition [Line Items]  
Purchase price allocation
(In millions)
 
 
 
Cash
 
 
$
11.7

Current assets, net
 
 
564.1

Property, plant and equipment
 
 
30.7

Goodwill
 
 
187.6

Intangible assets
 
 
280.8

Non-current assets
 
 
5.4

Current liabilities
 
 
(231.6
)
Non-current liabilities
 
 
(8.5
)
Total purchase price
 
 
$
840.2

Intangible assets acquired
(In millions)
Average useful life (in years)
 
Fair value
Customer relationships
14-18
 
$
278.4

Non-compete agreements
1
 
2.4

Total intangible assets
 
 
$
280.8

Acquisition pro forma information
 
 
Three Months Ended
(In millions, except per share amounts)
 
April 3, 2015
Net sales
 
$
1,867.7

Net income from continuing operations
 
$
29.6

Income per share from continuing operations:
 
 
Basic
 
$
0.89

Diluted
 
$
0.89