Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Percentage Distribution Between Major Classes of Inventory

The major classes of inventory at year end are as follows:

	December 31, 2016		January 2, 2016
Raw Material and Work in Process	45	%	45	%
Finished Goods and Purchased Parts	55	%	55	%

Property, Plant and Equipment

Property, plant and equipment by major classification was as follows (in millions):

	Useful Life (In Years)	December 31, 2016			January 2, 2016
Land and Improvements		$	76.7		$	80.7
Buildings and Improvements	3-50	280.4			276.9
Machinery and Equipment	3-15	929.9			926.7
Property, Plant and Equipment		1,287.0			1,284.3
Less: Accumulated Depreciation		(659.5		)	(605.8		)
Net Property, Plant and Equipment		$	627.5		$	678.5

Schedule of Impairment

The details were as follows (in millions):

	Commercial & Industrial Systems		Climate Solutions		Power Transmission Solutions		Total
Impairments during 2014:
Impairment of Intangible Assets	$	—	$	7.8	$	11.1	$	18.9
Impairment of Property, Plant and Equipment	—		6.0		15.1		21.1
Asset Impairments	$	—	$	13.8	$	26.2	$	40.0

Earnings Per Share Reconciliation

The following table reconciles the basic and diluted shares used in earnings per share calculations for the years ended (in millions):

	2016	2015	2014
Denominator for Basic Earnings Per Share	44.7	44.7	45.0
Effect of Dilutive Securities	0.3	0.4	0.3
Denominator for Diluted Earnings Per Share	45.0	45.1	45.3

Accumulated Other Comprehensive Loss

The components of the ending balances of AOCI are as follows (in millions):

	2016			2015
Foreign Currency Translation Adjustments	$	(241.0	)	$	(172.1	)
Hedging Activities, Net of Tax of $(25.2) in 2016 and $(29.1) in 2015	(41.1		)	(47.5		)
Pension and Post Retirement Benefits, Net of Tax of $(20.1) in 2016 and $(19.8) in 2015	(36.0		)	(35.4		)
Total	$	(318.1	)	$	(255.0	)