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Quarterly Results (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2013
Quarterly Results (Unaudited)  
Schedule of quarterly results
 
   First(3)(4)   Second(4)   Third(4)   Fourth(3)(4)  
 
   2013   2012   2013   2012   2013   2012   2013   2012  

Operating revenues

   $ 1,090.5   $ 1,106.3   $ 1,161.9   $ 1,182.0   $ 1,145.8   $ 1,176.7   $ 1,319.0   $ 1,366.0  

Gross profit

     293.1     291.0     330.1     319.8     336.8     320.8     397.6     382.0  

Income (loss) from continuing operations, net of tax(1)

     14.6     9.8     39.2     35.5     63.1     53.8     84.4     (275.7 )

Income (loss) from discontinued operations, net of tax(2)

     (4.6 )   8.6     8.0     18.2     5.4     12.0     2.5     321.0  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income

     10.0     18.4     47.2     53.7     68.5     65.8     86.9     45.3  

Less: Net income (loss) attributable to noncontrolling interests

     1.3     (0.7 )   2.0     0.8     (0.8 )   2.4     (0.1 )   0.3  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income attributable to SPX

                                                  

Corporation common shareholders

   $ 8.7   $ 19.1   $ 45.2   $ 52.9   $ 69.3   $ 63.4   $ 87.0   $ 45.0  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                   

Basic income (loss) per share of common stock:

                                                  

Continuing operations, net of tax

   $ 0.29   $ 0.21   $ 0.81   $ 0.69   $ 1.43   $ 1.03   $ 1.89   $ (5.56 )

Discontinued operations, net of tax

     (0.10 )   0.17     0.18     0.37     0.12     0.24     0.05     6.47  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income

   $ 0.19   $ 0.38   $ 0.99   $ 1.06   $ 1.55   $ 1.27   $ 1.94   $ 0.91  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                   

Diluted income (loss) per share of common stock:

                                                  

Continuing operations, net of tax

   $ 0.28   $ 0.20   $ 0.81   $ 0.68   $ 1.42   $ 1.03   $ 1.85   $ (5.56 )

Discontinued operations, net of tax

     (0.10 )   0.17     0.17     0.36     0.12     0.24     0.06     6.47  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income

   $ 0.18   $ 0.37   $ 0.98   $ 1.04   $ 1.54   $ 1.27   $ 1.91   $ 0.91  
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                   

Note:    The sum of the quarters' income per share may not equal the full year per share amounts.

(1)
During the fourth quarters of 2013 and 2012, we recognized gains (losses) of $0.8 and $(149.9), respectively, related to changes in the fair value of plan assets and actuarial gains (losses) associated with our pension and postretirement benefit plans. The income tax (provision) benefit associated with these gains (losses) was $(1.7) and $52.9, respectively.

As discussed in Note 1 to our consolidated financial statements, during December 2013 we identified certain misstatements to previously reported income tax amounts. To correct for these misstatements, we have increased "Income from continuing operations" during each of the first three quarters of 2012 by $0.1 and increased "Loss from continuing operations" for the fourth quarter of 2012 by $1.7. There are no corrections required to the results for the first three quarters of 2013.

During the fourth quarter of 2012, we recorded impairment charges of $281.4 related to the goodwill ($270.4) and other long-term assets ($11.0) of our Cooling reporting unit. The income tax benefit associated with these impairment charges was $26.3, as the majority of the goodwill for the Cooling reporting unit has no basis for income tax purposes.

(2)
During the fourth quarter of 2012, we sold our Service Solutions business to Robert Bosch GmbH resulting in a net gain of $313.4.

(3)
We establish actual interim closing dates using a "fiscal" calendar, which requires our businesses to close their books on the Saturday closest to the end of the first calendar quarter, with the second and third quarters being 91 days in length. Our fourth quarter ends on December 31. The interim closing dates for the first, second and third quarters of 2013 were March 30, June 29 and September 28, compared to the respective March 31, June 30 and September 29, 2012 dates. This practice only affects the quarterly reporting periods and not the annual reporting period. We had two fewer days in the first quarter of 2013 and one more day in the fourth quarter of 2013 than in the respective 2012 periods.

(4)
As described in Note 1 to our consolidated financial statements, we have retrospectively applied new accounting methods for recognizing changes in the fair value of plan assets and actuarial gains and losses associated with our pension and postretirement benefit plans.
Summary of the impact of changes in accounting methods on previously reported results

 
   First   Second   Third   Fourth  
 
   2013*   2012*   2013*   2012*   2013*   2012*   2013**   2012*  

Gross profit

   $ 0.6   $ 0.4   $ 0.6   $ 0.4   $ 0.6   $ 0.4   $ 27.0   $ (7.0 )

Income (loss) from continuing operations, net of tax

     6.1     5.2     6.1     5.2     6.1     5.2     254.4     (92.6 )

Income (loss) from discontinued operations, net of tax

     0.3     0.3     0.3     0.2     0.3     0.3     2.2     (1.2 )
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income

   $ 6.4   $ 5.5   $ 6.4   $ 5.4   $ 6.4   $ 5.5   $ 256.6   $ (93.8 )
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                   

Net income attributable to SPX Corporation common shareholders

   $ 6.4   $ 5.5   $ 6.4   $ 5.4   $ 6.4   $ 5.5   $ 256.6   $ (93.8 )
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                   

Basic income (loss) per share of common stock:

                                                  

Continuing operations, net of tax

   $ 0.13   $ 0.10   $ 0.13   $ 0.10   $ 0.14   $ 0.10   $ 5.68   $ (1.87 )

Discontinued operations, net of tax

     0.01     0.01     0.01     0.01     —     0.01     0.05     (0.02 )
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income

   $ 0.14   $ 0.11   $ 0.14   $ 0.11   $ 0.14   $ 0.11   $ 5.73   $ (1.89 )
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                   

Diluted income (loss) per share of common stock:

                                                  

Continuing operations, net of tax

   $ 0.13   $ 0.10   $ 0.13   $ 0.10   $ 0.14   $ 0.10   $ 5.58   $ (1.87 )

Discontinued operations, net of tax

     —     0.01     0.01     0.01     —     0.01     0.05     (0.02 )
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net income

   $ 0.13   $ 0.11   $ 0.14   $ 0.11   $ 0.14   $ 0.11   $ 5.63   $ (1.89 )
                                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                                   
*
Represents an increase (decrease) from previously reported amounts.

**
Represents an increase from amounts that would have been reported under our historical methods for recording pension and postretirement expense. Under our historical methods, we would have recorded pension/postretirement expense of $407.0 during the fourth quarter of 2013, which would have included a charge of $399.4 associated primarily with the November 2013 transfer of the pension obligations of the retirees under the Plan to Mass Mutual (see Notes 1 and 10 for additional details). Under our new methods of recording pension and postretirement expense, we recorded pension income of $5.0 during the fourth quarter of 2013.
Schedule of difference between historical method and new method

 
   Pre-Tax   Tax Effect   Net  

Income from continuing operations:

                    

Historical methods — pension and postretirement expense and related tax benefit

   $ 407.0   $ (155.7 ) $ 251.3  

New methods — pension and postretirement income and related tax provision

     (5.0 )   1.9     (3.1 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Increase in income from continuing operations

   $ 412.0   $ (157.6 ) $ 254.4  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               

Income from discontinued operations:

                    

Historical methods — pension and postretirement expense

   $ 0.2   $ —   $ 0.2  

New methods — pension and postretirement income and related tax provision

     (2.2 )   0.2     (2.0 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Increase in income from discontinued operations

   $ 2.4   $ (0.2 ) $ 2.2  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​