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GOODWILL AND OTHER INTANGIBLE ASSETS (Details 2) (USD $)
In Millions, unless otherwise specified
9 Months Ended 3 Months Ended 3 Months Ended
Sep. 28, 2013
Dec. 31, 2012
Dec. 31, 2012
Clyde Union Holdings, SARL
Sep. 28, 2013
Clyde Union Holdings, SARL
Sep. 28, 2013
Flow Technology reportable segment
Dec. 31, 2012
Flow Technology reportable segment
Sep. 28, 2013
Thermal Equipment and Services reportable segment
Dec. 31, 2012
Thermal Equipment and Services reportable segment
Sep. 28, 2013
Industrial Products and Services and Other
Dec. 31, 2012
Industrial Products and Services and Other
Sep. 28, 2013
Trademarks
Dec. 31, 2012
Trademarks
Mar. 30, 2013
Trademarks
Clyde Union Holdings, SARL
Sep. 28, 2013
Patents
Dec. 31, 2012
Patents
Sep. 28, 2013
Technology
Dec. 31, 2012
Technology
Sep. 28, 2013
Customer relationships
Dec. 31, 2012
Customer relationships
Sep. 28, 2013
Other
Dec. 31, 2012
Other
Intangible assets with determinable lives                                          
Gross carrying value of finite-lived intangible assets $ 641.9 $ 643.1                       $ 8.6 $ 8.6 $ 195.0 $ 190.3 $ 409.1 $ 415.2 $ 29.2 $ 29.0
Accumulated Amortization (148.9) (123.6)                       (8.2) (8.0) (49.6) (41.4) (73.8) (58.1) (17.3) (16.1)
Net carrying value of finite-lived intangible assets 493.0 519.5     437.4   48.5   7.1         0.4 0.6 145.4 148.9 335.3 357.1 11.9 12.9
Intangible assets with indefinite lives                                          
Trademarks         289.3   126.2   18.7   434.2 435.8                  
Total intangible assets                                          
Gross Carrying Value 1,076.1 1,078.9                                      
Net Carrying Value 927.2 955.3                                      
Percentage of fair value of goodwill in excess of carrying value     2.00%                                    
Goodwill 1,511.9 1,509.8   387.0 1,116.3 1,114.6 169.6 168.0 226.0 227.2                      
Impairment charges $ 2.0                       $ 2.0