XML 53 R54.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATING FINANCIAL STATEMENTS - Comprehensive Income (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME        
Net sales $ 1,810.6 $ 1,822.0 $ 5,441.9 $ 5,652.9
Cost of goods sold (1,423.5) (1,443.4) (4,370.8) (4,514.9)
Gross profit 387.1 378.6 1,071.1 1,138.0
Selling, general and administrative expenses (246.2) (246.7) (776.5) (767.3)
Income (loss) from operations 140.9 131.9 294.6 370.7
Interest income 1.5 1.3 5.0 6.4
Interest expense (31.8) (42.6) (96.6) (130.0)
Loss on early extinguishment of debt 0 (49.9) (5.2) (52.3)
Income (Loss) from Subsidiaries 0 0 0 0
Other income (expense) – net (1.2) (3.6) (6.1) (2.7)
Income (loss) from continuing operations before income taxes 109.4 37.1 191.7 192.1
(Provision for) benefit from income taxes (20.8) (8.8) (64.2) (61.7)
Income (loss) from continuing operations 88.6 28.3 127.5 130.4
Income (loss) from discontinued operations – net of tax 5.5 0 5.5 2.5
Gain (loss) on disposition of discontinued operations – net of tax (0.4) 0 2.6 2.3
Net income (loss) 93.7 28.3 135.6 135.2
Net loss (income) attributable to noncontrolling interest 0.7 1.9 4.0 3.9
Net income (loss) attributable to Terex Corporation 94.4 30.2 139.6 139.1
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 183.3 71.8 113.5 152.1
Comprehensive loss (income), Net of Tax, Attributable to Noncontrolling Interest 0.7 1.9 4.0 3.9
Comprehensive income (loss) attributable to Terex Corporation 184.0 73.7 117.5 156.0
Terex Corporation
       
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME        
Net sales 52.6 51.9 169.1 215.8
Cost of goods sold (47.3) (45.8) (154.2) (193.4)
Gross profit 5.3 6.1 14.9 22.4
Selling, general and administrative expenses (0.2) (3.2) (9.4) (16.0)
Income (loss) from operations 5.1 2.9 5.5 6.4
Interest income 67.5 57.4 199.7 163.4
Interest expense (111.5) (95.1) (311.2) (270.5)
Loss on early extinguishment of debt   (49.4) 0 (49.4)
Income (Loss) from Subsidiaries 101.9 96.7 203.9 225.5
Other income (expense) – net (10.8) 0.4 (32.3) 16.9
Income (loss) from continuing operations before income taxes 52.2 12.9 65.6 92.3
(Provision for) benefit from income taxes 42.6 17.3 74.4 46.8
Income (loss) from continuing operations 94.8 30.2 140.0 139.1
Income (loss) from discontinued operations – net of tax 0   0 0
Gain (loss) on disposition of discontinued operations – net of tax (0.4)   (0.4) 0
Net income (loss) 94.4 30.2 139.6 139.1
Net loss (income) attributable to noncontrolling interest 0 0 0 0
Net income (loss) attributable to Terex Corporation 94.4 30.2 139.6 139.1
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 184.0 73.7 117.5 156.0
Comprehensive loss (income), Net of Tax, Attributable to Noncontrolling Interest 0 0 0 0
Comprehensive income (loss) attributable to Terex Corporation 184.0 73.7 117.5 156.0
Wholly-owned Guarantors
       
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME        
Net sales 783.9 663.7 2,395.3 2,091.3
Cost of goods sold (630.3) (548.5) (1,935.2) (1,749.1)
Gross profit 153.6 115.2 460.1 342.2
Selling, general and administrative expenses (59.4) (52.3) (172.8) (154.1)
Income (loss) from operations 94.2 62.9 287.3 188.1
Interest income 88.6 66.6 242.0 187.6
Interest expense (37.6) (28.4) (109.8) (77.5)
Loss on early extinguishment of debt   0 0 0
Income (Loss) from Subsidiaries 3.7 2.1 5.0 (5.7)
Other income (expense) – net 1.3 (0.4) 6.0 (3.6)
Income (loss) from continuing operations before income taxes 150.2 102.8 430.5 288.9
(Provision for) benefit from income taxes (49.3) 3.8 (133.5) (56.4)
Income (loss) from continuing operations 100.9 106.6 297.0 232.5
Income (loss) from discontinued operations – net of tax 0   0 0
Gain (loss) on disposition of discontinued operations – net of tax 0   0 0
Net income (loss) 100.9 106.6 297.0 232.5
Net loss (income) attributable to noncontrolling interest 0 0 0 0
Net income (loss) attributable to Terex Corporation 100.9 106.6 297.0 232.5
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 102.3 107.4 297.7 233.4
Comprehensive loss (income), Net of Tax, Attributable to Noncontrolling Interest 0 0 0 0
Comprehensive income (loss) attributable to Terex Corporation 102.3 107.4 297.7 233.4
Non-guarantor Subsidiaries
       
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME        
Net sales 1,234.7 1,301.6 3,665.8 4,023.3
Cost of goods sold (1,006.5) (1,044.3) (3,069.7) (3,249.9)
Gross profit 228.2 257.3 596.1 773.4
Selling, general and administrative expenses (186.6) (191.2) (594.3) (597.2)
Income (loss) from operations 41.6 66.1 1.8 176.2
Interest income 2.2 1.9 7.3 8.1
Interest expense (39.5) (43.7) (119.6) (134.7)
Loss on early extinguishment of debt   (0.5) (5.2) (2.9)
Income (Loss) from Subsidiaries 0.2 (0.5) 0 (0.5)
Other income (expense) – net 8.3 (3.6) 20.2 (16.0)
Income (loss) from continuing operations before income taxes 12.8 19.7 (95.5) 30.2
(Provision for) benefit from income taxes (14.1) (29.9) (5.1) (52.1)
Income (loss) from continuing operations (1.3) (10.2) (100.6) (21.9)
Income (loss) from discontinued operations – net of tax 5.5   5.5 2.5
Gain (loss) on disposition of discontinued operations – net of tax 0   3.0 2.3
Net income (loss) 4.2 (10.2) (92.1) (17.1)
Net loss (income) attributable to noncontrolling interest 0.7 1.9 4.0 3.9
Net income (loss) attributable to Terex Corporation 4.9 (8.3) (88.1) (13.2)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 23.9 2.4 (129.9) (29.8)
Comprehensive loss (income), Net of Tax, Attributable to Noncontrolling Interest 0.7 1.9 4.0 3.9
Comprehensive income (loss) attributable to Terex Corporation 24.6 4.3 (125.9) (25.9)
Intercompany Eliminations
       
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME        
Net sales (260.6) (195.2) (788.3) (677.5)
Cost of goods sold 260.6 195.2 788.3 677.5
Gross profit 0 0 0 0
Selling, general and administrative expenses 0 0 0 0
Income (loss) from operations 0 0 0 0
Interest income (156.8) (124.6) (444.0) (352.7)
Interest expense 156.8 124.6 444.0 352.7
Loss on early extinguishment of debt   0 0 0
Income (Loss) from Subsidiaries (105.8) (98.3) (208.9) (219.3)
Other income (expense) – net 0 0 0 0
Income (loss) from continuing operations before income taxes (105.8) (98.3) (208.9) (219.3)
(Provision for) benefit from income taxes 0 0 0 0
Income (loss) from continuing operations (105.8) (98.3) (208.9) (219.3)
Income (loss) from discontinued operations – net of tax 0   0 0
Gain (loss) on disposition of discontinued operations – net of tax 0   0 0
Net income (loss) (105.8) (98.3) (208.9) (219.3)
Net loss (income) attributable to noncontrolling interest 0 0 0 0
Net income (loss) attributable to Terex Corporation (105.8) (98.3) (208.9) (219.3)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest (126.9) (111.7) (171.8) (207.5)
Comprehensive loss (income), Net of Tax, Attributable to Noncontrolling Interest 0 0 0 0
Comprehensive income (loss) attributable to Terex Corporation $ (126.9) $ (111.7) $ (171.8) $ (207.5)