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INFORMATION ON REPORTABLE SEGMENTS AND OTHER OPERATING SEGMENTS (Details)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 27, 2015
USD ($)
country
Jun. 28, 2014
USD ($)
Jun. 27, 2015
USD ($)
segment
country
Jun. 28, 2014
USD ($)
Dec. 31, 2014
USD ($)
Information on reportable segments and other operating segments          
Number of reportable segments | segment     2    
Revenues:          
Revenues $ 1,074.4 $ 1,195.1 $ 2,021.3 $ 2,272.2  
Revenues recognized under percentage of completion method 244.6 295.8 484.0 570.0  
Income          
Stock-based compensation expense (5.5) (4.6) (29.1) (29.3)  
Pension and postretirement expense (1.3) (3.0) (2.6) (22.8)  
Special charges, net (6.1) (4.5) (12.7) (14.5)  
Operating income 64.1 90.0 78.9 105.7  
Assets          
Costs and estimated earnings in excess of billings 276.0   276.0   $ 237.1
Liabilities          
Billings in excess of costs and estimated earnings on uncompleted contracts reported as a component of accrued expenses 182.6   182.6   $ 178.9
Corporate          
Income          
Corporate expense (29.1) (25.8) (58.3) (54.3)  
Special charges, net   (0.3)   (0.9)  
Reportable and other operating segments          
Income          
Operating income 106.1 127.9 181.6 226.6  
Flow Technology reportable segment          
Revenues:          
Revenues 578.0 661.4 1,108.8 1,278.1  
Income          
Special charges, net (3.3) (1.2) (7.1) (10.1)  
Flow Technology reportable segment | Reportable and other operating segments          
Income          
Operating income 75.9 88.3 135.2 154.5  
Thermal Equipment and Services reportable segment          
Revenues:          
Revenues 298.0 327.3 545.2 606.9  
Income          
Special charges, net (2.7) (1.4) (5.0) (1.5)  
Thermal Equipment and Services reportable segment | Reportable and other operating segments          
Income          
Operating income 6.1 9.5 3.3 18.7  
Industrial Products and Services and Other          
Revenues:          
Revenues 198.4 206.4 367.3 387.2  
Income          
Special charges, net (0.1) (1.6) (0.6) (2.0)  
Industrial Products and Services and Other | Reportable and other operating segments          
Income          
Operating income $ 24.1 $ 30.1 $ 43.1 $ 53.4  
Minimum          
Information on reportable segments and other operating segments          
Number of countries in which entity operates | country 35   35    
Number of countries in which entity sells its products and services | country 150   150