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GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
 9 Months Ended
Sep. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in goodwill by business segment
An analysis of changes in the Company’s goodwill by business segment is as follows (in millions):
 
AWP
 
Construction
 
Cranes
 
MHPS
 
MP
 
Total
Balance at December 31, 2012, gross
$
139.9

 
$
438.8

 
$
233.9

 
$
732.8

 
$
204.7

 
$
1,750.1

Accumulated impairment
(38.6
)
 
(438.8
)
 
(4.2
)
 
—

 
(23.2
)
 
(504.8
)
Balance at December 31, 2012, net (1)
101.3

 
—

 
229.7

 
732.8

 
181.5

 
1,245.3

Foreign exchange effect and other
0.3

 
—

 
0.5

 
(3.6
)
 
(0.6
)
 
(3.4
)
Balance at September 30, 2013, gross
140.2


438.8

 
234.4

 
729.2

 
204.1

 
1,746.7

Accumulated impairment
(38.6
)
 
(438.8
)
 
(4.2
)
 
—

 
(23.2
)
 
(504.8
)
Balance at September 30, 2013, net
$
101.6

 
$
—

 
$
230.2

 
$
729.2

 
$
180.9

 
$
1,241.9

(1)
Includes a $10.8 million net reclassification of goodwill from AWP to Cranes and a net $20.5 million reclassification from MHPS to Cranes related to segment realignment. See Note A – “Basis of Presentation.”
Schedule of intangible assets by class
Intangible assets, net were comprised of the following as of September 30, 2013 and December 31, 2012 (in millions):
 
 
 
September 30, 2013
 
December 31, 2012
 
Weighted Average Life
(in years)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Definite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Technology
8
 
$
88.6

 
$
46.3

 
$
42.3

 
$
87.9

 
$
36.5

 
$
51.4

Customer Relationships
15
 
353.5

 
98.2

 
255.3

 
353.5

 
78.9

 
274.6

Land Use Rights
57
 
18.2

 
1.4

 
16.8

 
17.0

 
1.1

 
15.9

Other
7
 
52.0

 
39.3

 
12.7

 
51.9

 
38.1

 
13.8

Total definite-lived intangible assets
 
 
$
512.3

 
$
185.2

 
$
327.1

 
$
510.3

 
$
154.6

 
$
355.7

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Tradenames
 
 
$
121.8

 
 
 
 
 
$
118.7

 
 
 
 
Total indefinite-lived intangible assets
 
 
$
121.8

 
 
 
 
 
$
118.7

 

 
 
Schedule of intangible assets amortization expense
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
(in millions)
2013
 
2012
 
2013
 
2012
Aggregate Amortization Expense
$
10.4

 
10.3

 
$
32.3

 
32.0



Estimated aggregate intangible asset amortization expense (in millions) for the next five years is as follows:
2013
$
37.5

2014
$
36.2

2015
$
35.0

2016
$
33.5

2017
$
29.7