XML 59 R45.htm IDEA: XBRL DOCUMENT v2.4.0.6
Summary of Significant Accounting Policies (Details) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
businessunit
Dec. 31, 2011
Dec. 31, 2010
Foreign Currency Translation      
Foreign currency transaction gains and losses $ 12.4 $ 41.4 $ 27.5
Revenue Recognition      
Number of business units in which sales incentive programs are significant 1    
Revenues recognized under percentage of completion method 1,594.7 1,457.5 1,319.0
Costs and estimated earnings on uncompleted contracts      
Costs incurred on uncompleted contracts 3,363.0 2,783.5  
Estimated earnings to date 804.8 750.6  
Aggregate costs incurred on uncompleted contracts and estimated earnings to date 4,167.8 3,534.1  
Less: Billings to date (4,066.7) (3,514.4)  
"Net costs and estimated earnings in excess of billings after the acquisition of Clyde Union (Holdings) S.A.R.L. (""Clyde Union"")" 101.1 19.7  
Net costs and estimated earnings in excess of billings assumed in the acquisition of Clyde Union (Holdings) S.A.R.L. ("Clyde Union") 10.0 57.2  
Net costs and estimated earnings in excess of billings 111.1 76.9  
Billings in excess of costs and estimated earnings      
Costs and estimated earnings in excess of billings 359.7 355.9  
Billings in excess of costs and estimated earnings on uncompleted contracts (248.6) (279.0)  
Net costs and estimated earnings in excess of billings 111.1 76.9  
Billings in excess of costs and estimated earnings on uncompleted contracts reported as a component of accrued expenses 248.4 275.4  
Billings in excess of costs and estimated earnings on uncompleted contracts reported as a component of other long-term liabilities 0.2 3.6  
Research and Development Costs      
Research and development expense 53.4 52.7 47.2
Property, plant and equipment      
Depreciation expense 76.0 64.3 62.4
Interest capitalized $ 0.5 $ 1.3 $ 3.9
Building
     
Property, plant and equipment      
Useful lives of property, plant and equipment, high end of range (in years) 40.0    
Machinery and equipment
     
Property, plant and equipment      
Useful lives of property, plant and equipment, low end of range (in years) 3.0    
Useful lives of property, plant and equipment, high end of range (in years) 15.0