Revenue (Tables)

3 Months Ended

Mar. 30, 2018

Revenue from Contract with Customer [Abstract]

Revenue disaggregated by the timing of revenue recognition for the Company's reportable segments for the three fiscal months ended March 30, 2018 is as follows (in millions):



	Three Fiscal Months Ended March 30, 2018
	North America		Europe		Latin America		Africa/Asia Pacific		Total
Timing of revenue recognition:
Transferred at a point in time	$	409.1	$	181.0	$	168.2	$	1.6	$	759.9
Transferred over time	177.0		83.6		—		—		260.6
Total	$	586.1	$	264.6	$	168.2	$	1.6	$	1,020.5

Revenue disaggregated by product categories and geographical markets for the Company's reportable segments for the three fiscal months ended March 30, 2018 is as follows (in millions):



	Three Fiscal Months Ended March 30, 2018
	North America		Europe		Latin America		Africa/Asia Pacific		Total
Major product lines:
Electric utility	$	187.7	$	129.8	$	36.6	$	—	$	354.1
Electrical infrastructure	191.6		43.8		30.6		0.2		266.2
Construction	89.5		45.2		89.7		1.4		225.8
Communications	81.3		45.8		0.8		—		127.9
Rod mill products	36.0		—		10.5		—		46.5
Total	$	586.1	$	264.6	$	168.2	$	1.6	$	1,020.5
Primary geographical markets:
United States	$	487.4	$	12.5	$	—	$	—	$	499.9
Canada	88.2		0.6		—		—		88.8
France	0.2		85.0		—		—		85.2
Spain	—		52.3		—		—		52.3
Brazil	—		—		45.9		—		45.9
Others	10.3		114.2		122.3		1.6		248.4
Total	$	586.1	$	264.6	$	168.2	$	1.6	$	1,020.5

Schedule of Contract with Customer, Asset and Liability

The opening and closing balances of the Company’s receivables, contract assets and contract liabilities are as follows (in millions):



	March 30, 2018		January 1, 2018		Increase (Decrease)
Contract assets	$	140.3	$	89.2	$	51.1
Current contract liabilities	50.7		75.6		(24.9		)
Non-current contract liabilities	0.6		0.6		—

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The impacts of adopting Topic 606 on the Company’s Condensed Consolidated Statement of Operations and Comprehensive Income (Loss) for the three fiscal months ended March 30, 2018 are as follows (in millions):



	Three Fiscal Months Ended March 30, 2018
	As reported			Balances without adoption of Topic 606			Effect of change increase / (decrease)
Net sales	$	1,020.5		$	1,021.9		$	(1.4	)
Cost of sales	914.8			914.7			0.1
Income tax (provision) benefit	(4.6		)	(4.8		)	0.2

The impacts of adopting Topic 606 on the Company’s Condensed Consolidated Balance Sheet for the three fiscal months ended March 30, 2018 are as follows (in millions).



	March 30, 2018
	As reported			Balances without adoption of Topic 606			Effect of change increase / (decrease)
Assets
Receivables, net of allowances	$	811.9		$	750.5		$	61.4
Inventories	728.7			778.8			(50.1		)
Liabilities and Total Equity
Accrued liabilities	254.5			255.7			(1.2		)
Deferred income taxes	114.4			111.6			2.8
Retained earnings (deficit)	(197.7		)	(207.4		)	9.7