EQUITY AND STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 30, 2013

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

	Three months ended
	March 30,	March 31,
	2013	2012
Weighted-average number of common shares used in basic earnings per share	46.418	50.613
Dilutive securities — employee stock options, restricted stock shares and restricted stock units	1.032	0.846
Weighted-average number of common shares and dilutive securities used in diluted earnings per share	47.450	51.459

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

							Correlation between total
	Annual expected						shareholder return for SPX
	stock price		Annual expected		Risk-free		and the applicable S&P
	volatility		dividend yield		interest rate		Composite Index
January 2, 2013:
SPX Corporation	36.3	%	1.40	%	0.37	%	0.7778
S&P Composite 1500 Industrials Index	22.4	%	n/a		0.37	%
January 3, 2012:
SPX Corporation	44.3	%	1.60	%	0.44	%	0.7365
S&P 500 Composite Index	23.1	%	n/a		0.44	%

Schedule of restricted stock and restricted stock unit activity

			Weighted-Average
	Unvested Restricted Stock		Grant-Date Fair
	and Restricted Stock Units		Value Per Share
Outstanding at December 31, 2012	1.935		$	54.70
Granted	0.560		60.20
Vested	(0.688	)	53.87
Forfeited	(0.243	)	50.19
Outstanding at March 30, 2013	1.564		57.73

Schedule of stock option activity

			Weighted-
			Average Exercise
	Shares		Price
Options outstanding and exercisable at December 31, 2012	0.013		$	62.45
Exercised	(0.001	)	38.57
Terminated	(0.004	)	85.36
Options outstanding and exercisable at March 30, 2013	0.008		52.00

Schedule of changes in the components of accumulated other comprehensive loss

The changes in the components of accumulated other comprehensive loss, net of tax, for the three months ended

March 30, 2013 were as follows:

	Foreign Currency Translation Adjustment			Net Unrealized Gains (Losses) on Qualifying Cash Flow Hedges (1)			Net Unrealized Losses on Available- for-Sale Securities			Pension and Postretirement Liability Adjustment and Other (2)			Total
Balance at beginning of period	$	298.1		$	(3.3	)	$	(3.1	)	$	(520.6	)	$	(228.9	)
Other comprehensive income (loss) before reclassifications	(87.2		)	3.6			(0.5		)	2.0			(82.1		)
Amounts reclassified from accumulated other comprehensive loss	—			0.4			—			6.5			6.9
Current-period other comprehensive loss	(87.2		)	4.0			(0.5		)	8.5			(75.2		)
Balance at end of period	$	210.9		$	0.7		$	(3.6	)	$	(512.1	)	$	(304.1	)

(1) Net of tax benefit of $2.5 as of December 31, 2012.

(2) Net of tax benefit of $315.0 and $318.5 as of March 30, 2013 and December 31, 2012, respectively. Includes $5.0 and $3.8 related to our share of the pension liability adjustment for EGS as of March 30, 2013 and December 31, 2012, respectively.

Schedule of amounts reclassified from each component of accumulated comprehensive loss

The following summarizes amounts reclassified from each component of accumulated comprehensive loss for the three

months ended March 30, 2013:

	Amount Reclassified from AOCI			Affected Line Item in the Condensed Consolidated Statement of Operations
Losses on qualifying cash flow hedges:
FX forward contracts	$	0.6		Cost of products sold
Commodity contracts	—			Cost of products sold
Pre-tax	0.6
Income taxes	(0.2		)
	$	0.4

Amortization of pension and postretirement items:
Unrecognized losses and prior service credits	$	4.7		Cost of products sold
Unrecognized losses and prior service credits	5.7			Selling, general and administrative
Pre-tax	10.4
Income taxes	(3.9		)
	$	6.5

Schedule of changes in equity

	March 30, 2013									March 31, 2012
	SPX									SPX
	Corporation									Corporation
	Shareholders’			Noncontrolling			Total			Shareholders’			Noncontrolling			Total
	Equity			Interests			Equity			Equity			Interests			Equity
Equity, beginning of period	$	2,268.7		$	11.3		$	2,280.0		$	2,227.3		$	10.0		$	2,237.3
Net income (loss)	2.3			1.3			3.6			13.5			(0.7		)	12.8
Net unrealized gains on qualifying cash flow hedges, net of tax provision of $2.5 and $0.5 for the three months ended March 30, 2013 and March 31, 2012, respectively	4.0			—			4.0			0.6			—			0.6
Net unrealized gains (losses) on available-for-sale securities	(0.5		)	—			(0.5		)	2.8			—			2.8
Pension liability adjustment, net of tax provision of $3.5 and $1.8 for the three months ended March 30, 2013 and March 31, 2012, respectively	8.5			—			8.5			2.7			—			2.7
Foreign currency translation adjustments	(87.2		)	(0.6		)	(87.8		)	58.8			0.3			59.1
Total comprehensive income (loss), net	(72.9		)	0.7			(72.2		)	78.4			(0.4		)	78.0
Dividends declared	(11.4		)	—			(11.4		)	(12.8		)	—			(12.8		)
Exercise of stock options and other incentive plan activity, including related tax benefit of $5.8 and $3.0 for the three months ended March 30, 2013 and March 31, 2012, respectively	10.1			—			10.1			13.2			—			13.2
Amortization of restricted stock and restricted stock unit grants, including $0.5 relating to discontinued operations for the three months ended March 31, 2012	20.3			—			20.3			22.3			—			22.3
Restricted stock and restricted stock unit vesting, net of tax withholdings	(20.5		)	—			(20.5		)	(4.3		)	—			(4.3		)
Common stock repurchases	(131.4		)	—			(131.4		)	(43.2		)	—			(43.2		)
Other changes in noncontrolling interests	—			(0.2		)	(0.2		)	—			(0.1		)	(0.1		)
Equity, end of period	$	2,062.9		$	11.8		$	2,074.7		$	2,280.9		$	9.5		$	2,290.4