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DERIVATIVE FINANCIAL INSTRUMENTS (Details)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended 6 Months Ended
Jun. 30, 2011
USD ($)
Jun. 30, 2010
USD ($)
Jun. 30, 2011
USD ($)
Jun. 30, 2010
USD ($)
Jun. 30, 2011
EUR (€)
Dec. 31, 2010
USD ($)
Jan. 15, 2007
USD ($)
Dec. 31, 2006
USD ($)
Jun. 30, 2010
Hedge of Bucyrus Stock Price
USD ($)
Jun. 30, 2011
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
USD ($)
Dec. 31, 2010
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 1 [Member]
USD ($)
Jun. 30, 2011
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
USD ($)
Dec. 31, 2010
Fair Value, Measurements, Recurring [Member]
Fair Value, Inputs, Level 2 [Member]
USD ($)
Derivative contracts entered to mitigate risk                          
Bucyrus stock, percentage of risk mitigated by derivative contracts (as a percent)                 95.00%        
Notional Amount of Foreign Currency Derivative Purchase Contracts         € 450.0                
Foreign Currency Contracts, Liability, Fair Value Disclosure 0.6   0.6     0           0.6  
Payments for (Proceeds from) Derivative Instrument, Investing Activities     0 21.1         21.1        
Number of types of derivatives 2   2                    
Variable interest rate     The interest rate swap agreement is based on LIBOR yield curves at the reporting date                    
Notional amount of interest rate swap agreement 400.0   400.0         200.0          
Amount paid to exit interest rate swap agreement             5.4            
Notional amount of foreign currency contingent participating derivatives 580.2   580.2                    
Foreign Currency Cash Flow Hedge Derivative at Fair Value, Net                   3.8 3.3    
Notional amount of foreign currency derivatives classified under cash flow hedge 523.5   523.5                    
Unrealized gain on fair value of currency exchange forward cash flow hedge contracts     3.3                    
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months     2.6                    
Fair value of asset derivatives designated as hedging instruments                          
Foreign exchange contracts 10.2   10.2     2.9              
Interest rate contract 39.3   39.3     39.3           39.3 39.3
Total asset derivatives 49.5   49.5     42.2              
Fair value of liability derivatives designated as hedging instruments                          
Foreign exchange contracts 6.4   6.4     6.0              
Interest rate contract 39.3   39.3     38.1              
Total liability derivatives 45.7   45.7     44.1              
Total Derivatives 3.8   3.8     (1.9)              
Fair value of asset derivatives not designated as hedging instruments                          
Option derivative contracts 0   0     0.3              
Foreign Currency Contracts, Liability, Fair Value Disclosure 0.6   0.6     0           0.6  
Gain Recognized on Derivatives in Income:                          
Interest rate contract 4.9 4.8 9.8 9.7                  
Gain (Loss) Recognized on Derivatives in OCI:                          
Foreign exchange contracts 1.3 (1.6) 4.7 3.3                  
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net [Abstract]                          
Gain (loss) reclassified from Accumulated OCI into cost of goods sold (1.8) 0.5 (3.4) (1.7)                  
Gain (loss) reclassified from Accumulated OCI into other income (expense) - net 1.0 (2.6) 1.0 (2.3)                  
Total gain (loss) reclassified from Accumulated OCI into Income (Effective) (0.8) (2.1) (2.4) (4.0)                  
Gain (Loss) Recognized on Derivatives (Ineffective) in Income:                          
Gain (loss) on derivatives recognized in other income (expense) - net 0 1.2 0.5 (0.9)                  
Loss Recognized on Derivatives not designated as hedges in Income:                          
Loss on derivatives not designated as hedges recognized in other income (expense) - net (0.6) 12.0 (0.9) 4.5                  
Unrealized net gains (losses) included in Accumulated other comprehensive income                          
Balance at beginning of period 1.3 1.1 (2.1) (3.6)                  
Additional (losses) gains 2.3 (4.3) 5.7 0.7                  
Amounts reclassified to earnings (1.0) 2.6 (1.0) 2.3                  
Balance at end of period $ 2.6 $ (0.6) $ 2.6 $ (0.6)