REVENUES FROM CONTRACTS (Tables)

9 Months Ended

Sep. 28, 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 and nine months ended September 28, 2024 and September 30, 2023:

	Three months ended September 28, 2024
Reportable Segments	HVAC		Detection and Measurement		Total
Major product lines
Package and process cooling equipment and services, and engineered air movement solutions	$	217.7	$	—	$	217.7
Boilers, electrical heating, and ventilation	117.6		—		117.6
Underground locators, inspection and rehabilitation equipment, and robotic systems	—		64.7		64.7
Communication technologies, aids to navigation, and transportation systems	—		83.7		83.7
	$	335.3	$	148.4	$	483.7
Timing of Revenue Recognition
Revenues recognized at a point in time	$	314.9	$	117.5	$	432.4
Revenues recognized over time	20.4		30.9		51.3
	$	335.3	$	148.4	$	483.7

	Nine months ended September 28, 2024
Reportable Segments	HVAC		Detection and Measurement		Total
Major product lines
Package and process cooling equipment and services, and engineered air movement solutions	$	650.1	$	—	$	650.1
Boilers, electrical heating, and ventilation	344.1		—		344.1
Underground locators, inspection and rehabilitation equipment, and robotic systems	—		191.8		191.8
Communication technologies, aids to navigation, and transportation systems	—		264.2		264.2
	$	994.2	$	456.0	$	1,450.2
Timing of Revenue Recognition
Revenues recognized at a point in time	$	912.3	$	376.2	$	1,288.5
Revenues recognized over time	81.9		79.8		161.7
	$	994.2	$	456.0	$	1,450.2

	Three months ended September 30, 2023
Reportable Segments	HVAC		Detection and Measurement		Total
Major product lines
Package and process cooling equipment and services, and engineered air movement solutions	$	170.8	$	—	$	170.8
Boilers, electrical heating, and ventilation	118.4		—		118.4
Underground locators, inspection and rehabilitation equipment, and robotic systems	—		65.9		65.9
Communication technologies, aids to navigation, and transportation systems	—		93.6		93.6
	$	289.2	$	159.5	$	448.7
Timing of Revenue Recognition
Revenues recognized at a point in time	$	271.3	$	130.7	$	402.0
Revenues recognized over time	17.9		28.8		46.7
	$	289.2	$	159.5	$	448.7

	Nine months ended September 30, 2023
Reportable Segments	HVAC		Detection and Measurement		Total
Major product lines
Package and process cooling equipment and services, and engineered air movement solutions	$	502.4	$	—	$	502.4
Boilers, electrical heating, and ventilation	307.4		—		307.4
Underground locators, inspection and rehabilitation equipment, and robotic systems	—		199.0		199.0
Communication technologies, aids to navigation, and transportation systems	—		263.0		263.0
	$	809.8	$	462.0	$	1,271.8
Timing of Revenue Recognition
Revenues recognized at a point in time	$	747.6	$	386.2	$	1,133.8
Revenues recognized over time	62.2		75.8		138.0
	$	809.8	$	462.0	$	1,271.8

Schedule of Contract with Customer, Asset and Liability

Our contract balances consisted of the following as of September 28, 2024 and December 31, 2023:

Contract Balances	September 28, 2024		December 31, 2023		Change
Contract Accounts Receivable(1)	$	333.7	$	275.4	$	58.3
Contract Assets	36.7		16.6		20.1
Contract Liabilities - current	(60.8)		(73.5)		12.7
Contract Liabilities - non-current(2)	(4.3)		(4.0)		(0.3)
Net contract balance	$	305.3	$	214.5	$	90.8

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(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.