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BUSINESS SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
BUSINESS SEGMENT INFORMATION
BUSINESS SEGMENT INFORMATION

Terex is a lifting and material handling solutions company. The Company is focused on operational improvement and delivering reliable, customer-driven solutions for a wide range of commercial applications, including the construction, infrastructure, quarrying, mining, manufacturing, transportation, energy and utility industries. The Company operates in five reportable segments: (i) AWP; (ii) Construction; (iii) Cranes; (iv) MHPS; and (v) Materials Processing (“MP”).

The AWP segment designs, manufactures, markets and services aerial work platform equipment, telehandlers, light towers and bridge inspection equipment as well as their related replacement parts and components. Customers use these products to construct and maintain industrial, commercial and residential buildings and facilities and for other commercial operations, as well as in a wide range of infrastructure projects.

The Construction segment designs, manufactures and markets heavy and compact construction equipment, roadbuilding equipment, as well as their related replacement parts and components. Customers use these products in construction and infrastructure projects, in building roads and bridges, in quarrying and mining operations and for material handling applications.

In 2013, the Company divested its Roadbuilding operations in Brazil and most of its Roadbuilding operations in Oklahoma City.

The Cranes segment designs, manufactures, markets, services and refurbishes rough terrain cranes, all terrain cranes, truck cranes, tower cranes, lattice boom crawler cranes, lattice boom truck cranes, utility equipment and truck-mounted cranes (boom trucks), as well as their related replacement parts and components. Customers use these products for construction, repair and maintenance of commercial buildings, manufacturing facilities, construction and maintenance of utility and telecommunication lines, tree trimming and certain construction and foundation drilling applications and a wide range of infrastructure projects. The segment also provides service and support for industrial cranes and aerial products in North America.

The MHPS segment designs, manufactures, markets and services industrial cranes, including standard cranes, process cranes, rope and chain hoists, electric motors, light crane systems and crane components as well as a diverse portfolio of port and rail equipment including mobile harbor cranes, straddle carriers, gantry cranes, ship-to-shore cranes, reach stackers, empty container handlers, full container handlers, general cargo lift trucks, automated stacking cranes, automated guided vehicles and terminal automation technology, including software. The segment operates an extensive global sales and service network. Customers use these products for lifting and material handling at manufacturing and port and rail facilities.

The MP segment designs, manufactures and markets materials processing equipment, including crushers, washing systems, screens, apron feeders, chippers and related components and replacement parts. Customers use MP products in construction, infrastructure and recycling projects, in various quarrying and mining applications, as well as in landscaping and biomass production industries.

The Company assists customers in renting, leasing and acquiring its products through Terex Financial Services (“TFS”). TFS uses its equipment financing experience to provide financing solutions to the Company’s customers.

Subsequent to December 31, 2012, the Company realigned certain operations in an effort to strengthen its ability to service customers and to recognize certain organizational efficiencies. The Company’s Utilities business, formerly part of its AWP segment, is now consolidated within its Cranes segment. The Company’s Crane America Services business, formerly part of its MHPS segment, and its legacy AWP services business, formerly part of its AWP segment, are now consolidated within the Company’s Cranes segment and are run together as the Company’s Terex Services North America business. The historical results have been reclassified to give effect to these changes.

Business segment information is presented below (in millions):
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2013
 
2012
 
2013
 
2012
Net Sales
 
 
 
 
 
 
 
AWP
$
533.3

 
$
437.7

 
$
1,649.0

 
$
1,374.1

Construction
241.7

 
290.4

 
796.3

 
1,042.3

Cranes
453.0

 
516.1

 
1,445.1

 
1,476.4

MHPS
460.6

 
444.9

 
1,169.6

 
1,325.8

MP
147.7

 
149.9

 
478.3

 
509.4

Corporate and Other / Eliminations
(25.7
)
 
(17.0
)
 
(96.4
)
 
(75.1
)
Total
$
1,810.6

 
$
1,822.0

 
$
5,441.9

 
$
5,652.9

Income (loss) from Operations
 
 
 

 
 
 
 
AWP
$
80.7

 
$
57.9

 
$
254.3

 
$
175.2

Construction
(4.3
)
 
(8.3
)
 
(22.4
)
 
1.3

Cranes
28.9

 
51.5

 
84.8

 
114.1

MHPS
18.5

 
17.4

 
(67.8
)
 
28.8

MP
18.9

 
15.2

 
55.1

 
59.1

Corporate and Other / Eliminations
(1.8
)
 
(1.8
)
 
(9.4
)
 
(7.8
)
Total
$
140.9

 
$
131.9

 
$
294.6

 
$
370.7


 
September 30,
2013
 
December 31,
2012
Identifiable Assets
 
 
 
AWP
$
909.5

 
$
835.8

Construction
1,120.4

 
1,124.7

Cranes
2,045.9

 
1,912.5

MHPS
2,939.0

 
2,946.4

MP
978.3

 
982.0

Corporate and Other / Eliminations
(1,503.6
)
 
(1,055.2
)
Total
$
6,489.5

 
$
6,746.2