XML 14 R50.htm IDEA: XBRL DOCUMENT v2.3.0.15
INDEBTEDNESS (Details 2) (USD $)
In Millions, unless otherwise specified
3 Months Ended9 Months Ended9 Months Ended9 Months Ended9 Months Ended9 Months Ended9 Months Ended1 Months Ended1 Months Ended9 Months Ended9 Months Ended
Oct. 01, 2011
Jun. 30, 2011
Senior credit facility
Oct. 01, 2011
Senior credit facility
quarter
D
Oct. 01, 2011
Senior credit facility
Federal funds alternative base rate
Oct. 01, 2011
Senior credit facility
LIBOR alternative base rate
Oct. 01, 2011
Senior credit facility
Reserve adjusted LIBOR rate
Oct. 01, 2011
Domestic revolving credit facility
Jun. 30, 2011
Domestic revolving credit facility
Oct. 01, 2011
Domestic revolving credit facility
Greater than or equal to 3.00 to 1.0
Oct. 01, 2011
Domestic revolving credit facility
Between 2.00 to 1.0 and 3.00 to 1.0
Oct. 01, 2011
Domestic revolving credit facility
Between 1.50 to 1.0 and 2.00 to 1.0
Oct. 01, 2011
Domestic revolving credit facility
Between 1.00 to 1.0 and 1.50 to 1.0
Oct. 01, 2011
Domestic revolving credit facility
Less than 1.00 to 1.0
Jun. 30, 2011
Global revolving credit facility
Oct. 01, 2011
Global revolving credit facility
Greater than or equal to 3.00 to 1.0
Oct. 01, 2011
Global revolving credit facility
Between 2.00 to 1.0 and 3.00 to 1.0
Oct. 01, 2011
Global revolving credit facility
Between 1.50 to 1.0 and 2.00 to 1.0
Oct. 01, 2011
Global revolving credit facility
Between 1.00 to 1.0 and 1.50 to 1.0
Oct. 01, 2011
Global revolving credit facility
Less than 1.00 to 1.0
Oct. 01, 2011
Foreign credit instrument facility
Oct. 01, 2011
Foreign credit instrument facility
Greater than or equal to 3.00 to 1.0
Oct. 01, 2011
Foreign credit instrument facility
Between 2.00 to 1.0 and 3.00 to 1.0
Oct. 01, 2011
Foreign credit instrument facility
Between 1.50 to 1.0 and 2.00 to 1.0
Oct. 01, 2011
Foreign credit instrument facility
Between 1.00 to 1.0 and 1.50 to 1.0
Oct. 01, 2011
Foreign credit instrument facility
Less than 1.00 to 1.0
Oct. 01, 2011
Participation foreign credit instrument facility
Jun. 30, 2011
Participation foreign credit instrument facility
Jun. 30, 2011
Bilateral foreign credit instrument facility
Oct. 01, 2011
Letters of credit under separate arrangements in China and South Africa
Oct. 01, 2011
Term Loans After Modification
Oct. 05, 2011
Term Loans After Modification
Oct. 05, 2011
Term Loans After Modification
Alternate Base Rate
Greater than or equal to 3.00 to 1.0
Oct. 05, 2011
Term Loans After Modification
Alternate Base Rate
Between 2.00 to 1.0 and 3.00 to 1.0
Oct. 05, 2011
Term Loans After Modification
Alternate Base Rate
Between 1.50 to 1.0 and 2.00 to 1.0
Oct. 05, 2011
Term Loans After Modification
Alternate Base Rate
Between 1.00 to 1.0 and 1.50 to 1.0
Oct. 05, 2011
Term Loans After Modification
Alternate Base Rate
Less than 1.00 to 1.0
Oct. 05, 2011
Term Loans After Modification
Reserve adjusted LIBOR rate
Greater than or equal to 3.00 to 1.0
Oct. 05, 2011
Term Loans After Modification
Reserve adjusted LIBOR rate
Between 2.00 to 1.0 and 3.00 to 1.0
Oct. 05, 2011
Term Loans After Modification
Reserve adjusted LIBOR rate
Between 1.50 to 1.0 and 2.00 to 1.0
Oct. 05, 2011
Term Loans After Modification
Reserve adjusted LIBOR rate
Between 1.00 to 1.0 and 1.50 to 1.0
Oct. 05, 2011
Term Loans After Modification
Reserve adjusted LIBOR rate
Less than 1.00 to 1.0
Oct. 31, 2011
Delayed draw incremental term loan after modification repayable in full
M
Oct. 05, 2011
Delayed draw incremental term loan after modification repayable in full
Oct. 31, 2011
Delayed draw incremental term loan after modification repayable in quarterly installments
Oct. 05, 2011
Delayed draw incremental term loan after modification repayable in quarterly installments
Oct. 01, 2011
Additional bilateral foreign trade facility
Oct. 05, 2011
Foreign trade facilities after modification
Oct. 05, 2011
Bilateral foreign trade facility after modification
Oct. 01, 2011
Letter of credit
Greater than or equal to 3.00 to 1.0
Oct. 01, 2011
Letter of credit
Between 2.00 to 1.0 and 3.00 to 1.0
Oct. 01, 2011
Letter of credit
Between 1.50 to 1.0 and 2.00 to 1.0
Oct. 01, 2011
Letter of credit
Between 1.00 to 1.0 and 1.50 to 1.0
Oct. 01, 2011
Letter of credit
Less than 1.00 to 1.0
Oct. 01, 2011
Foreign Credit Commitment
Greater than or equal to 3.00 to 1.0
Oct. 01, 2011
Foreign Credit Commitment
Between 2.00 to 1.0 and 3.00 to 1.0
Oct. 01, 2011
Foreign Credit Commitment
Between 1.50 to 1.0 and 2.00 to 1.0
Oct. 01, 2011
Foreign Credit Commitment
Between 1.00 to 1.0 and 1.50 to 1.0
Oct. 01, 2011
Foreign Credit Commitment
Less than 1.00 to 1.0
Oct. 01, 2011
Alternate Base Rate
Greater than or equal to 3.00 to 1.0
Oct. 01, 2011
Alternate Base Rate
Between 2.00 to 1.0 and 3.00 to 1.0
Oct. 01, 2011
Alternate Base Rate
Between 1.50 to 1.0 and 2.00 to 1.0
Oct. 01, 2011
Alternate Base Rate
Between 1.00 to 1.0 and 1.50 to 1.0
Oct. 01, 2011
Alternate Base Rate
Less than 1.00 to 1.0
Oct. 01, 2011
Reserve adjusted LIBOR rate
Greater than or equal to 3.00 to 1.0
Oct. 01, 2011
Reserve adjusted LIBOR rate
Between 2.00 to 1.0 and 3.00 to 1.0
Oct. 01, 2011
Reserve adjusted LIBOR rate
Between 1.50 to 1.0 and 2.00 to 1.0
Oct. 01, 2011
Reserve adjusted LIBOR rate
Between 1.00 to 1.0 and 1.50 to 1.0
Oct. 01, 2011
Reserve adjusted LIBOR rate
Less than 1.00 to 1.0
Oct. 01, 2011
Greater than or equal to 3.00 to 1.0
Oct. 01, 2011
Between 2.00 to 1.0 and 3.00 to 1.0
Oct. 01, 2011
Between 1.50 to 1.0 and 2.00 to 1.0
Oct. 01, 2011
Between 1.00 to 1.0 and 1.50 to 1.0
Oct. 01, 2011
Less than 1.00 to 1.0
Credit Facilities                                                                         
Maximum borrowing capacity under financing arrangement $ 1,800.0     $ 300.0     $ 300.0            $ 1,100.0$ 100.0  $ 800.0           $ 300.0 $ 500.0$ 100.0$ 1,000.0$ 200.0                         
Final maturity date under financing agreementJun. 30, 2016
Reduction in foreign credit commitments                                              100.0                          
Repayment term (in months)                                         18                               
Percentage of initial principal amount which the entity will repay in 2011                                           0.00%                             
Percentage of initial principal amount which the entity will repay in 2012                                           0.00%                             
Percentage of initial principal amount which the entity will repay in 2013                                           5.00%                             
Percentage of initial principal amount which the entity will repay in 2014                                           15.00%                             
Percentage of initial principal amount which the entity will repay in 2015                                           20.00%                             
Percentage of initial principal amount which the entity will repay at the end of the first fiscal quarter of 2016                                           5.00%                             
Additional commitments SPX may seek to add  1,000.0                                                                      
Letters of credit issued, amount outstanding      83.8            654.5        2.9                                            
Basis spread on variable rate (as a percent)   0.50%1.00%                          1.25%1.125%1.00%0.75%0.50%2.25%2.125%2.00%1.75%1.50%                 1.00%0.875%0.75%0.50%0.25%2.00%1.875%1.75%1.50%1.25%     
Description of variable rate    one-month LIBOR rate                                                                    
Interest period which may be elected, shortest (in months)     1M                                                                   
Interest period which may be elected, second shortest (in months)     2M                                                                   
Interest period which may be elected, second longest (in months)     3M                                                                   
Interest period which may be elected, longest (in months)     6M                                                                   
Threshold amount of cash and cash equivalents above which amounts are netted against consolidated net debt for calculation of debt compliance50.0                                                                        
Consolidated leverage ratio, numerator                                                                    3.00   1.00
Consolidated leverage ratio, numerator, low end of range                                                                     2.001.501.00 
Consolidated leverage ratio, denominator                                                                    1.01.01.01.01.0
Consolidated leverage ratio, numerator, high end of range                                                                     3.002.001.50 
Commitment fee (as a percent)        0.40%0.35%0.30%0.275%0.25% 0.40%0.35%0.30%0.275%0.25% 1.25%1.125%1.00%0.875%0.75%    0.50%                  2.00%1.875%1.75%1.50%1.25%0.40%0.35%0.30%0.275%0.25%               
Commitment fee on the daily unused amount of the commitment (as a percent)                             0.275%                                           
Weighted-average interest rate of senior credit facilities (as a percent)  2.30%                                                                      
Fronting fees (as a percent)  0.125%                      0.20%                                               
Security interest granted in capital stock of domestic subsidiaries or subsidiary guarantors (as a percent)  100.00%                                                                      
Security interest granted in material first tier foreign subsidiaries (as a percent)  65.00%                                                                      
Number of trailing fiscal quarters used in calculating the Consolidated Leverage Coverage Ratio under senior credit facilities' covenants (in number of quarters)  4                                                                      
Number of trailing fiscal quarters used in calculating the Consolidated Interest Coverage Ratio under senior credit facilities' covenants (in number of quarters)  4                                                                      
Prepayment reinvestment exclusion period (in days)  360                                                                      
Consolidated Interest Coverage Ratio under senior credit facilities' covenants  at least 3.50:1.00                                                                      
Consolidated Interest Coverage Ratio numerator, minimum  3.5                                                                      
Consolidated Interest Coverage Ratio denominator  1.0                                                                      
Consolidated Leverage Ratio under senior credit facilities' covenants  no more than 3.25:1.00                                                                      
Consolidated Leverage Ratio numerator, upper limit  3.25                                                                      
Consolidated Leverage Ratio under senior credit facilities' covenants after certain permitted acquisitions  3.50 to 1.00                                                                       
Consolidated Leverage Ratio after certain permitted acquisitions, numerator, upper limit  3.5                                                                      
Maximum consolidated Leverage Ratio necessary for unlimited amount of capital stock repurchases and dividend payments under senior credit facilities' covenants  less than 2.50:1.00                                                                      
Consolidated Leverage Ratio breakpoint for determining restrictions on capital stock repurchases and dividend payments under senior credit facilities' covenants, numerator  2.5                                                                      
Consolidated Leverage Ratio restricting amount of capital stock repurchases and dividend payments under senior credit facilities' covenants  greater than or equal to 2.50:1.00                                                                      
Maximum amount of capital stock repurchases and dividend declarations allowable (before adjustment) under senior credit facilities' covenants in any fiscal year if Consolidated Leverage Ratio is greater than or equal to 2.50 to 1.00  100.0                                                                      
Consolidated leverage ratio greater than 2.50 to 1.00 - capital stock repurchases and dividend declarations used in calculation  $ 300.0                                                                      
Percentage of cumulative consolidated net income during the period from July 1, 2011 to the end of the most recent fiscal quarter used (as a percent)  50.00%                                                                      
Percentage of consolidated net deficit removed from calculation of amounts available for stock repurchases and dividends (as a percent)  (100.00%)