EQUITY AND STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Oct. 01, 2011

EQUITY AND STOCK-BASED COMPENSATION

Schedule of weighted-average shares outstanding, used in the computation of basic and diluted income per share

	Three months ended		Nine months ended
	October 1,	October 2,	October 1,	October 2,
	2011	2010	2011	2010
Weighted-average shares outstanding used in basic income per share	50.618	49.740	50.480	49.643
Dilutive Securities — Employee stock options and restricted stock units	0.186	0.705	0.559	0.579
Weighted-average number of common and dilutive securities used for calculating diluted income per share	50.804	50.445	51.039	50.222

Schedule of assumptions in determining the fair value of restricted stock awards granted

	Annual expected stock price volatility		Annual expected dividend yield		Risk-free interest rate		Correlation between total shareholder return for SPX and S&P 500 Composite Index
March 1, 2011:
SPX Corporation	61.0	%	1.27	%	1.03	%	0.7559
S&P 500 Composite Index	30.3	%	n/a		1.03	%
March 1, 2010:
SPX Corporation	62.0	%	1.64	%	1.20	%	0.7250
S&P 500 Composite Index	30.8	%	n/a		1.20	%

Schedule of restricted stock and restricted stock unit activity

	Unvested Restricted Stock and Restricted Stock Units		Weighted-Average Grant-Date Fair Value
Outstanding at December 31, 2010	1.516		$	50.97
Granted	0.832		62.73
Vested	(0.635	)	51.48
Forfeited	(0.263	)	67.87
Outstanding at October 1, 2011	1.450		54.35

Schedule of stock option activity

	Shares		Weighted-Average Exercise Price
Outstanding at December 31, 2010	0.635		$	63.82
Exercised	(0.154	)	65.44
Forfeited	(0.113	)	90.93
Options outstanding and exercisable at October 1, 2011	0.368		54.87

Schedule of components of the balance sheet caption, accumulated other comprehensive loss

	October 1, 2011			December 31, 2010
Foreign currency translation adjustment	$	253.0		$	223.2
Net unrealized losses on qualifying cash flow hedges, net of tax benefit of $3.2 and $2.2, respectively	(4.8		)	(3.3		)
Net unrealized gains (losses) on available-for-sale securities	(1.6		)	6.1
Pension and postretirement liability adjustment and other, net of tax benefit of $258.8 and $266.6, respectively (1)	(407.5		)	(418.6		)
Accumulated other comprehensive loss	$	(160.9	)	$	(192.6	)

(1) As of October 1, 2011 and December 31, 2010, includes $3.1 and $3.2, respectively, related to our share of the pension liability adjustment for EGS.

Schedule of changes in equity

	October 1, 2011									October 2, 2010
	SPX Corporation Shareholders’ Equity			Noncontrolling Interests			Total Equity			SPX Corporation Shareholders’ Equity			Noncontrolling Interests			Total Equity
Equity, beginning of period	$	2,287.4		$	6.3		$	2,293.7		$	1,836.6		$	8.7		$	1,845.3
Net income	60.7			1.6			62.3			39.4			0.3			39.7
Net unrealized gains (losses) on qualifying cash flow hedges, net of tax benefit (provision) of $1.0 and $(8.7), respectively	(1.2		)	—			(1.2		)	13.3			—			13.3
Net unrealized loss on available-for-sale securities	(2.5		)	—			(2.5		)	—			—			—
Pension and postretirement liability adjustment and other, net of tax provision of $3.2 and $3.2, respectively	4.1			—			4.1			4.4			—			4.4
Foreign currency translation adjustments	(92.1		)	(0.7		)	(92.8		)	133.3			0.4			133.7
Total comprehensive income (loss)	(31.0		)	0.9			(30.1		)	190.4			0.7			191.1
Dividends declared	(12.7		)	—			(12.7		)	(12.5		)	—			(12.5		)
Exercise of stock options and other incentive plan activity, including tax benefit of $0.2 and $0.2, respectively	5.1			—			5.1			4.8			—			4.8
Amortization of restricted stock and stock unit grants	7.8			—			7.8			5.3			—			5.3
Dividends attributable to noncontrolling interests	—			—			—			—			(0.2		)	(0.2		)
Other changes in noncontrolling interests	—			—			—			—			(0.1		)	(0.1		)
Equity, end of period	$	2,256.6		$	7.2		$	2,263.8		$	2,024.6		$	9.1		$	2,033.7

A summary of the changes in equity for the nine months ended October 1, 2011 and October 2, 2010 is provided below:

	October 1, 2011									October 2, 2010
	SPX Corporation Shareholders’ Equity			Noncontrolling Interests			Total Equity			SPX Corporation Shareholders’ Equity			Noncontrolling Interests			Total Equity
Equity, beginning of period	$	2,097.7		$	6.3		$	2,104.0		$	1,870.8		$	10.7		$	1,881.5
Net income (loss)	118.1			4.0			122.1			140.3			(1.3		)	139.0
Net unrealized gains (losses) on qualifying cash flow hedges, net of tax benefit (provision) of $1.0 and $(10.8), respectively	(1.5		)	—			(1.5		)	17.6			—			17.6
Net unrealized loss on available-for-sale securities	(7.7		)	—			(7.7		)	—			—			—
Pension and postretirement liability adjustment and other, net of tax provision of $7.8 and $1.6, respectively	11.1			—			11.1			27.5			—			27.5
Foreign currency translation adjustments	29.8			(0.1		)	29.7			(25.4		)	0.2			(25.2		)
Total comprehensive income (loss)	149.8			3.9			153.7			160.0			(1.1		)	158.9
Dividends declared	(38.2		)	—			(38.2		)	(37.4		)	—			(37.4		)
Exercise of stock options and other incentive plan activity, including tax benefit of $5.9 and $2.0, respectively	29.4			—			29.4			18.0			—			18.0
Amortization of restricted stock and stock unit grants	34.5			—			34.5			25.4			—			25.4
Restricted stock and restricted stock unit vesting, net of tax withholdings	(16.6		)	—			(16.6		)	(12.2		)	—			(12.2		)
Dividends attributable to noncontrolling interests	—			(4.1		)	(4.1		)	—			(0.5		)	(0.5		)
Other changes in noncontrolling interests	—			1.1			1.1			—			—			—
Equity, end of period	$	2,256.6		$	7.2		$	2,263.8		$	2,024.6		$	9.1		$	2,033.7