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INFORMATION ON REPORTABLE SEGMENTS (Tables)
 9 Months Ended
Sep. 26, 2015
Segment Reporting [Abstract]  
Schedule of financial data for reportable segments and other operating segments
For the three and nine months ended September 26, 2015 and September 27, 2014, the below table presents financial data for our reportable segments:
 
Three months ended
 
Nine months ended
 
September 26,
2015
 
September 27,
2014
 
September 26,
2015
 
September 27,
2014
Revenues: (1)
 

 
 

 
 

 
 

HVAC segment
$
142.7

 
$
137.4

 
$
368.7

 
$
361.1

Detection and Measurement segment
55.9

 
57.3

 
166.0

 
180.7

Power segment (2)
175.5

 
294.9

 
675.1

 
855.3

Consolidated revenues
$
374.1

 
$
489.6

 
$
1,209.8

 
$
1,397.1

 
 
 
 
 
 
 
 
Income (Loss):
 

 
 

 
 

 
 

HVAC segment
$
23.5

 
$
18.1

 
$
49.4

 
$
40.6

Detection and Measurement segment (3)
8.3

 
10.7

 
27.4

 
38.9

Power segment (2)
(96.5
)
 
9.2

 
(106.3
)
 
14.6

Total income (loss) for segments
(64.7
)
 
38.0

 
(29.5
)
 
94.1

 
 
 
 
 
 
 
 
Corporate expense
(27.6
)
 
(33.0
)
 
(84.5
)
 
(97.8
)
Stock-based compensation expense
(5.5
)
 
(3.6
)
 
(30.5
)
 
(29.8
)
Pension and postretirement expense
(7.4
)
 
(2.2
)
 
(8.4
)
 
(23.3
)
Special charges, net
(8.4
)
 
(1.3
)
 
(14.0
)
 
(5.7
)
 
 
 
 
 
 
 
 
Consolidated operating loss
$
(113.6
)
 
$
(2.1
)
 
$
(166.9
)
 
$
(62.5
)
___________________________
(1) 
Under the percentage-of-completion method, we recognized revenues of $78.8 and $156.0 in the three months ended September 26, 2015 and September 27, 2014, respectively. For the nine months ended September 26, 2015 and September 27, 2014, revenues under the percentage-of-completion method were $325.1 and $452.0, respectively. Costs and estimated earnings in excess of billings on uncompleted contracts accounted for under the percentage-of-completion method were $105.7 and $95.6 as of September 26, 2015 and December 31, 2014, respectively, and are reported as a component of ‘‘Accounts receivable, net’’ in the condensed consolidated balance sheets. Billings in excess of costs and estimated earnings on uncompleted contracts accounted for under the percentage-of-completion method were $124.3 and $95.8 as of September 26, 2015 and December 31, 2014, respectively, and are reported as a component of ‘‘Accrued expenses’’ in the condensed consolidated balance sheets.
(2) 
As further discussed in Note 13, during the three months ended September 26, 2015, we made revisions to our estimates of expected revenues and profits on our large power projects in South Africa. As a result of these revisions, we reduced revenue and segment income by $57.2 and $95.0, respectively, during the three and nine months ended September 26, 2015. As of September 26, 2015, certain of these projects had cumulative losses. During the three and nine months ended September 26, 2015, we recorded losses of $59.6 and $66.1, respectively, related to these loss projects, compared to no losses in the three months ended September 27, 2014 and $1.2 during the nine months ended September 27, 2014.
(3) 
As further discussed in Notes 1 and 16, we identified certain misstatements associated with previously reported amounts. To correct these misstatements, and as permitted by SAB Topic 1.N, we have restated prior period condensed consolidated financial statements included herein, including a reduction of segment income for the three and nine months ended September 27, 2014, when compared to the amounts previously reported, of $0.3 and $0.8, respectively.