GOODWILL AND OTHER INTANGIBLE ASSETS - Changes in Carrying Amount of Goodwill (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jul. 02, 2016
Apr. 02, 2016
Oct. 01, 2016
Dec. 31, 2015
Changes in the carrying amount of goodwill        
Beginning Balance   $ 1,023.4 $ 1,023.4  
Goodwill Resulting from Business Combinations     0.0  
Impairments     (252.8)  
Foreign Currency Translation and Other     (10.7)  
Ending Balance     759.9  
Food and Beverage        
Changes in the carrying amount of goodwill        
Beginning Balance   269.9 269.9  
Goodwill Resulting from Business Combinations     0.0  
Impairments     0.0  
Foreign Currency Translation and Other     0.5  
Ending Balance     270.4  
Increase (decrease) in goodwill   (5.6)    
Power and Energy        
Changes in the carrying amount of goodwill        
Beginning Balance   538.9 538.9  
Goodwill Resulting from Business Combinations     0.0  
Impairments $ (26.8)   (252.8)  
Foreign Currency Translation and Other     (20.0)  
Ending Balance     266.1  
Increase (decrease) in goodwill   (4.0)    
Accumulated impairment included in carrying amount of goodwill $ 252.8   250.4 $ 0.0
Industrial        
Changes in the carrying amount of goodwill        
Beginning Balance   214.6 214.6  
Goodwill Resulting from Business Combinations     0.0  
Impairments     0.0  
Foreign Currency Translation and Other     8.8  
Ending Balance     223.4  
Increase (decrease) in goodwill   $ 9.6    
Accumulated impairment included in carrying amount of goodwill     $ 67.7 $ 67.7