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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and equivalents $ 101.4 $ 237.2
Accounts receivable, net 367.0 473.5
Inventories, net 170.7 167.4
Other current assets 36.1 55.6
Deferred income taxes 0.0 60.2
Assets held for sale 107.1 0.0
Assets of discontinued operations 0.0 1,221.2
Total current assets 782.3 2,215.1
Property, plant and equipment:    
Land 16.3 16.5
Buildings and leasehold improvements 120.4 132.3
Machinery and equipment 357.2 372.9
Property, plant and equipment, gross 493.9 521.7
Accumulated depreciation (274.4) (283.8)
Property, plant and equipment, net 219.5 237.9
Goodwill 342.8 374.4
Intangibles, net 154.2 169.2 [1]
Other assets 631.6 623.0 [1]
Deferred income taxes 50.9 0.0
Assets of discontinued operations 0.0 2,274.7
TOTAL ASSETS 2,181.3 5,894.3
Current liabilities:    
Accounts payable 176.9 210.0
Accrued expenses 403.7 440.2
Income taxes payable 1.7 8.3
Short-term debt 22.1 156.5
Current maturities of long-term debt 9.1 29.1
Liabilities held for sale 41.3 0.0
Liabilities of discontinued operations 0.0 765.8
Total current liabilities 654.8 1,609.9
Long-term debt 342.6 547.5
Deferred and other income taxes 55.2 69.1 [1]
Other long-term liabilities 820.4 823.7
Liabilities of discontinued operations 0.0 1,032.2
Total long-term liabilities $ 1,218.2 $ 2,472.5
Commitments and contingent liabilities (Note 14)
SPX Corporation shareholders' equity:    
Common stock (100,525,876 and 41,415,909 issued and outstanding at December 31, 2015, respectively, and 100,063,887 and 40,858,006 issued and outstanding at December 31, 2014, respectively) $ 1.0 $ 1.0
Paid-in capital 2,649.6 2,608.0
Retained earnings 897.8 2,628.6 [1]
Accumulated other comprehensive income 283.3 62.6
Common stock in treasury (59,109,967 and 59,205,881 shares at December 31, 2015 and 2014, respectively) (3,486.3) (3,491.5)
Total SPX Corporation shareholders' equity 345.4 1,808.7
Noncontrolling interests (37.1) 3.2
Total equity 308.3 1,811.9
TOTAL LIABILITIES AND EQUITY $ 2,181.3 $ 5,894.3
[1] Reflects the resulting amounts in the accompanying consolidated statements of operations for the years ended December 31, 2014 and 2013, and the accompanying consolidated balance sheet at December 31, 2014.