REVENUES FROM CONTRACTS (Tables)

3 Months Ended

Mar. 30, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

We disaggregate revenue from contracts with customers by major product line and based on the timing of recognition for each of our reportable segments, as we believe such disaggregation best depicts how the nature, amount, timing, and uncertainty of our revenues and cash flows are affected by economic factors, with such disaggregation presented below for the three months ended March 30, 2024 and April 1, 2023:

	Three months ended March 30, 2024
Reportable Segments	HVAC		Detection and Measurement		Total
Major product lines
Package and process cooling equipment and services, and engineered air movement solutions	$	187.8	$	—	$	187.8
Boilers, electrical heating, and ventilation	114.6		—		114.6
Underground locators, inspection and rehabilitation  equipment, and robotic systems	—		61.0		61.0
Communication technologies, aids to navigation, and transportation systems	—		101.8		101.8
	$	302.4	$	162.8	$	465.2
Timing of Revenue Recognition
Revenues recognized at a point in time	$	282.4	$	138.0	$	420.4
Revenues recognized over time	20.0		24.8		44.8
	$	302.4	$	162.8	$	465.2

	Three months ended April 1, 2023
Reportable Segments	HVAC		Detection and Measurement		Total
Major product lines
Package and process cooling equipment and services, and engineered air movement solutions	$	158.3	$	—	$	158.3
Boilers, electrical heating, and ventilation	93.3		—		93.3
Underground locators, inspection and rehabilitation  equipment, and robotic systems	—		65.9		65.9
Communication technologies, aids to navigation, and transportation systems	—		82.3		82.3
	$	251.6	$	148.2	$	399.8
Timing of Revenue Recognition
Revenues recognized at a point in time	$	228.3	$	128.2	$	356.5
Revenues recognized over time	23.3		20.0		43.3
	$	251.6	$	148.2	$	399.8

Schedule of Contract with Customer, Asset and Liability

Our contract balances consisted of the following as of March 30, 2024 and December 31, 2023:

Contract Balances	March 30, 2024		December 31, 2023		Change
Contract Accounts Receivable(1)	$	310.0	$	275.4	$	34.6
Contract Assets	32.0		16.6		15.4
Contract Liabilities - current	(72.9)		(73.5)		0.6
Contract Liabilities - non-current(2)	(3.9)		(4.0)		0.1
Net contract balance	$	265.2	$	214.5	$	50.7

___________________________

(1) Included in “Accounts receivable, net” within the accompanying condensed consolidated balance sheets.

(2) Included in “Other long-term liabilities” within the accompanying condensed consolidated balance sheets.