XML 28 R73.htm IDEA: XBRL DOCUMENT v2.4.0.8
Indebtedness (Details 2) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Q
Dec. 23, 2013
Greater than or equal to 3.00 to 1.00
   
Credit Facilities    
Consolidated leverage ratio, range 3.00  
Less than 1.00 to 1.00
   
Credit Facilities    
Consolidated leverage ratio, range 1.00  
Minimum | Between 2.00 to 1.00 and 3.00 to 1.00
   
Credit Facilities    
Consolidated leverage ratio 2.00  
Minimum | Between 1.50 to 1.00 and 2.00 to 1.00
   
Credit Facilities    
Consolidated leverage ratio 1.50  
Minimum | Between 1.00 to 1.00 and 1.50 to 1.00
   
Credit Facilities    
Consolidated leverage ratio 1.00  
Maximum | Between 2.00 to 1.00 and 3.00 to 1.00
   
Credit Facilities    
Consolidated leverage ratio 3.00  
Maximum | Between 1.50 to 1.00 and 2.00 to 1.00
   
Credit Facilities    
Consolidated leverage ratio 2.00  
Maximum | Between 1.00 to 1.00 and 1.50 to 1.00
   
Credit Facilities    
Consolidated leverage ratio 1.50  
Alternate base rate | Greater than or equal to 3.00 to 1.00
   
Credit Facilities    
Basis spread on variable rate (as a percent) 1.00%  
Alternate base rate | Between 2.00 to 1.00 and 3.00 to 1.00
   
Credit Facilities    
Basis spread on variable rate (as a percent) 0.75%  
Alternate base rate | Between 1.50 to 1.00 and 2.00 to 1.00
   
Credit Facilities    
Basis spread on variable rate (as a percent) 0.50%  
Alternate base rate | Between 1.00 to 1.00 and 1.50 to 1.00
   
Credit Facilities    
Basis spread on variable rate (as a percent) 0.375%  
Alternate base rate | Less than 1.00 to 1.00
   
Credit Facilities    
Basis spread on variable rate (as a percent) 0.25%  
Reserve-adjusted LIBOR | Greater than or equal to 3.00 to 1.00
   
Credit Facilities    
Basis spread on variable rate (as a percent) 2.00%  
Reserve-adjusted LIBOR | Between 2.00 to 1.00 and 3.00 to 1.00
   
Credit Facilities    
Basis spread on variable rate (as a percent) 1.75%  
Reserve-adjusted LIBOR | Between 1.50 to 1.00 and 2.00 to 1.00
   
Credit Facilities    
Basis spread on variable rate (as a percent) 1.50%  
Reserve-adjusted LIBOR | Between 1.00 to 1.00 and 1.50 to 1.00
   
Credit Facilities    
Basis spread on variable rate (as a percent) 1.375%  
Reserve-adjusted LIBOR | Less than 1.00 to 1.00
   
Credit Facilities    
Basis spread on variable rate (as a percent) 1.25%  
Letter of credit
   
Credit Facilities    
Fronting fees (as a percent) 0.125%  
Letter of credit | Greater than or equal to 3.00 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 2.00%  
Letter of credit | Between 2.00 to 1.00 and 3.00 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 1.75%  
Letter of credit | Between 1.50 to 1.00 and 2.00 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 1.50%  
Letter of credit | Between 1.00 to 1.00 and 1.50 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 1.375%  
Letter of credit | Less than 1.00 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 1.25%  
Senior credit facility
   
Credit Facilities    
Maximum borrowing capacity under financing arrangement   $ 2,075.0
Number of trailing fiscal quarters used in calculating the Consolidated Interest Coverage Ratio under senior credit facilities' covenants (in number of quarters) 4  
Threshold amount of cash and cash equivalents above which amounts are netted against consolidated net debt for calculation of debt compliance 50.0  
Number of trailing fiscal quarters used in calculating the Consolidated Leverage Coverage Ratio under senior credit facilities' covenants (in number of quarters) 4  
Consolidated Leverage Ratio under senior credit facilities' covenants after certain permitted acquisitions 3.50  
Maximum amount of capital stock repurchases and dividend declarations allowable (before adjustment) under senior credit facilities' covenants in any fiscal year if Consolidated Leverage Ratio is greater than or equal to 2.50 to 1.00 100.0  
Consolidated leverage ratio greater than 2.50 to 1.00 - capital stock repurchases and dividend declarations used in calculation 300.0  
Percentage of cumulative consolidated net income during the most recent fiscal quarter preceding stock repurchase or dividend declaration 50.00%  
Percentage of consolidated net deficit removed from calculation of amounts available for stock repurchases and dividends (100.00%)  
Maximum amount of the commitments SPX can seek 1,000.0  
Maximum Consolidated Senior Secured Leverage Ratio to seek additional commitments 2.75  
Weighted-average interest rate of senior credit facilities (as a percent) 1.92%  
Maximum period within which net proceeds should be reinvested 360 days  
Amount of prepayment required for the net proceeds from sale of joint venture interest in EGS and other potential divestitures 0  
Security interest granted in capital stock of domestic subsidiaries or subsidiary guarantors (as a percent) 100.00%  
Security interest granted in material first tier foreign subsidiaries (as a percent) 65.00%  
Senior credit facility | Minimum
   
Credit Facilities    
Consolidated Interest Coverage Ratio under senior credit facilities' covenants 3.50  
Consolidated Leverage Ratio restricting amount of capital stock repurchases and dividend payments under senior credit facilities' covenants 2.50  
Senior credit facility | Maximum
   
Credit Facilities    
Consolidated Leverage Ratio under senior credit facilities' covenants 3.25  
Maximum consolidated Leverage Ratio necessary for unlimited amount of capital stock repurchases and dividend payments under senior credit facilities' covenants 2.50  
Senior credit facility | Alternate base rate
   
Credit Facilities    
Description of variable rate (as a percent) alternate base rate  
Senior credit facility | Federal funds effective rate
   
Credit Facilities    
Basis spread on variable rate (as a percent) 0.50%  
Description of variable rate (as a percent) federal funds effective rate  
Senior credit facility | Prime rate
   
Credit Facilities    
Description of variable rate (as a percent) prime rate  
Senior credit facility | One-Month LIBOR
   
Credit Facilities    
Basis spread on variable rate (as a percent) 1.00%  
Description of variable rate (as a percent) one-month LIBOR  
Senior credit facility | Reserve-adjusted LIBOR
   
Credit Facilities    
Description of variable rate (as a percent) reserve-adjusted LIBOR  
Interest period which may be elected, shortest 1 month  
Interest period which may be elected, second shortest 2 months  
Interest period which may be elected, second longest 3 months  
Interest period which may be elected, longest 6 months  
Senior credit facility | Letter of credit
   
Credit Facilities    
Letters of credit issued, amount outstanding 54.5  
Domestic and global revolving credit facilities
   
Credit Facilities    
Amount of available borrowing capacity 445.5  
Domestic revolving credit facility
   
Credit Facilities    
Maximum borrowing capacity under financing arrangement   300.0
Domestic revolving credit facility | Greater than or equal to 3.00 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 0.35%  
Domestic revolving credit facility | Between 2.00 to 1.00 and 3.00 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 0.30%  
Domestic revolving credit facility | Between 1.50 to 1.00 and 2.00 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 0.275%  
Domestic revolving credit facility | Between 1.00 to 1.00 and 1.50 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 0.25%  
Domestic revolving credit facility | Less than 1.00 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 0.225%  
Global revolving credit facility
   
Credit Facilities    
Maximum borrowing capacity under financing arrangement   200.0
Global revolving credit facility | Greater than or equal to 3.00 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 0.35%  
Global revolving credit facility | Between 2.00 to 1.00 and 3.00 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 0.30%  
Global revolving credit facility | Between 1.50 to 1.00 and 2.00 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 0.275%  
Global revolving credit facility | Between 1.00 to 1.00 and 1.50 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 0.25%  
Global revolving credit facility | Less than 1.00 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 0.225%  
Foreign credit instrument facility | Greater than or equal to 3.00 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 1.25%  
Foreign credit instrument facility | Between 2.00 to 1.00 and 3.00 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 1.00%  
Foreign credit instrument facility | Between 1.50 to 1.00 and 2.00 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 0.875%  
Foreign credit instrument facility | Between 1.00 to 1.00 and 1.50 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 0.80%  
Foreign credit instrument facility | Less than 1.00 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 0.75%  
Participation foreign credit instrument facility
   
Credit Facilities    
Maximum borrowing capacity under financing arrangement   800.0
Fronting fees (as a percent) 0.25%  
Term loan
   
Credit Facilities    
Maximum borrowing capacity under financing arrangement   575.0
Amount of available borrowing capacity   100.0
Debt repayable in quarterly installments 475.0  
Initial principal amount 475.0  
Percentage of initial principal amount which the entity will repay beginning with the first fiscal quarter of 2015 5.00%  
Foreign Credit Commitment
   
Credit Facilities    
Amount of available borrowing capacity 328.4  
Foreign Credit Commitment | Greater than or equal to 3.00 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 0.35%  
Foreign Credit Commitment | Between 2.00 to 1.00 and 3.00 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 0.30%  
Foreign Credit Commitment | Between 1.50 to 1.00 and 2.00 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 0.275%  
Foreign Credit Commitment | Between 1.00 to 1.00 and 1.50 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 0.25%  
Foreign Credit Commitment | Less than 1.00 to 1.00
   
Credit Facilities    
Commitment fee (as a percent) 0.225%  
Foreign Credit Commitment | Letter of credit
   
Credit Facilities    
Letters of credit issued, amount outstanding 671.6  
Bilateral foreign credit instrument facility
   
Credit Facilities    
Maximum borrowing capacity under financing arrangement   $ 200.0