REVENUES FROM CONTRACTS (Tables)

6 Months Ended

Jun. 27, 2020

Revenue from Contract with Customer [Abstract]

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 other operating 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 27, 2020 and June 29, 2019:


	Three months ended June 27, 2020
Reportable Segments and All Other	HVAC		Detection and Measurement		Engineered Solutions		All Other		Total

Major product lines
Cooling	$	76.6	$	—	$	—	$	—	$	76.6
Boilers, comfort heating, and ventilation	55.7		—		—		—		55.7
Underground locators and inspection and rehabilitation equipment	—		47.3		—		—		47.3
Signal monitoring, obstruction lighting, and bus fare collection systems	—		44.8		—		—		44.8
Power transformers	—		—		113.9		—		113.9
Process cooling equipment and services, and heat exchangers	—		—		32.9		1.7		34.6
South African projects	—		—		—		0.3		0.3
	$	132.3	$	92.1	$	146.8	$	2.0	$	373.2

Timing of Revenue Recognition
Revenues recognized at a point in time	$	132.3	$	85.7	$	11.6	$	0.7	$	230.3
Revenues recognized over time	—		6.4		135.2		1.3		142.9
	$	132.3	$	92.1	$	146.8	$	2.0	$	373.2


	Six months ended June 27, 2020
Reportable Segments and All Other	HVAC		Detection and Measurement		Engineered Solutions		All Other		Total

Major product lines
Cooling	$	134.5	$	—	$	—	$	—	$	134.5
Boilers, comfort heating, and ventilation	116.3		—		—		—		116.3
Underground locators and inspection and rehabilitation equipment	—		96.0		—		—		96.0
Signal monitoring, obstruction lighting, and bus fare collection systems	—		88.0		—		—		88.0
Power transformers	—		—		224.5		—		224.5
Process cooling equipment and services, and heat exchangers	—		—		77.2		3.6		80.8
South African projects	—		—		—		2.4		2.4
	$	250.8	$	184.0	$	301.7	$	6.0	$	742.5

Timing of Revenue Recognition
Revenues recognized at a point in time	$	250.8	$	169.2	$	23.2	$	2.0	$	445.2
Revenues recognized over time	—		14.8		278.5		4.0		297.3
	$	250.8	$	184.0	$	301.7	$	6.0	$	742.5



	Three months ended June 29, 2019
Reportable Segments and All Other	HVAC		Detection and Measurement		Engineered Solutions		All Other		Total

Major product lines
Cooling	$	67.0	$	—	$	—	$	—	$	67.0
Boilers, comfort heating, and ventilation	63.9		—		—		—		63.9
Underground locators and inspection and rehabilitation equipment	—		52.6		—		—		52.6
Signal monitoring, obstruction lighting, and bus fare collection systems	—		49.1		—		—		49.1
Power transformers	—		—		104.6		—		104.6
Process cooling equipment and services, and heat exchangers	—		—		34.4		3.1		37.5
South African projects ⁽¹⁾	—		—		—		(2.3)		(2.3)
	$	130.9	$	101.7	$	139.0	$	0.8	$	372.4

Timing of Revenue Recognition
Revenues recognized at a point in time	$	130.9	$	96.1	$	12.9	$	0.5	$	240.4
Revenues recognized over time ⁽¹⁾	—		5.6		126.1		0.3		132.0
	$	130.9	$	101.7	$	139.0	$	0.8	$	372.4


	Six months ended June 29, 2019
Reportable Segments and All Other	HVAC		Detection and Measurement		Engineered Solutions		All Other		Total

Major product lines
Cooling	$	125.9	$	—	$	—	$	—	$	125.9
Boilers, comfort heating, and ventilation	133.4		—		—		—		133.4
Underground locators and inspection and rehabilitation equipment	—		99.7		—		—		99.7
Signal monitoring, obstruction lighting, and bus fare collection systems	—		87.1		—		—		87.1
Power transformers	—		—		203.4		—		203.4
Process cooling equipment and services, and heat exchangers	—		—		73.6		6.8		80.4
South African projects⁽¹⁾	—		—		—		(13.9)		(13.9)
	$	259.3	$	186.8	$	277.0	$	(7.1)	$	716.0

Timing of Revenue Recognition
Revenues recognized at a point in time	$	259.3	$	175.7	$	25.4	$	1.6	$	462.0
Revenues recognized over time ⁽¹⁾	—		11.1		251.6		(8.7)		254.0
	$	259.3	$	186.8	$	277.0	$	(7.1)	$	716.0

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(1) As further discussed below, during the three and six months ended June 29, 2019, we reduced the amount of revenue associated with the large power projects in South Africa by $6.0 and $23.5, respectively.

Contract with Customer, Asset and Liability

Our contract balances consisted of the following as of June 27, 2020 and December 31, 2019:


Contract Balances	June 27, 2020		December 31, 2019		Change
Contract Accounts Receivable⁽¹⁾	$	231.4	$	260.8	$	(29.4)
Contract Assets	65.5		63.4		2.1
Contract Liabilities - current	(91.1)		(100.8)		9.7
Contract Liabilities - non-current⁽²⁾	(3.0)		(3.3)		0.3
Net contract balance	$	202.8	$	220.1	$	(17.3)

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⁽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.