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BUSINESS SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2014
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) Aerial Work Platforms (“AWP”); (ii) Construction; (iii) Cranes; (iv) Material Handling & Port Solutions (“MHPS”); and (v) Materials Processing (“MP”).

The AWP segment designs, manufactures, markets and services aerial work platform equipment, telehandlers and light towers 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 compact construction and specialty equipment, as well as their related replacement parts and components. Customers use these products in construction and infrastructure projects, in building roads, bridges, homes, industrial sites and for material handling applications.

In October 2014, the Company announced that it has agreed to sell 51% of A.S.V., Inc., a part of the Construction segment. The transaction is expected to be completed before the end of 2014.

In 2013, the Company divested its roadbuilding operations, formerly a part of the Construction segment, in Brazil and Oklahoma City. On May 30, 2014, the Company sold its truck business, which was consolidated in the Construction segment, to Volvo Construction Equipment. The truck business manufactured and sold off-highway rigid and articulated haul trucks. Included in the transaction was the manufacturing facility in Motherwell, Scotland. As a result, the reporting of the truck business has been included in discontinued operations for all periods presented.

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, truck-mounted cranes (boom trucks) and utility equipment, 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 and sprinter carriers, gantry cranes, ship-to-shore cranes, reach stackers, container handlers, general cargo lift trucks, automated stacking cranes, automated guided vehicles and terminal automation technology, including software, as well as their related replacement parts and components. 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, biomass and hand-fed chippers and their related replacement parts and components. Customers use these 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 their rental, leasing and acquisition of its products through Terex Financial Services (“TFS”). TFS uses its equipment financing experience to provide financing solutions to customers who purchase the Company’s equipment.

Business segment information is presented below (in millions):
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2014
 
2013
 
2014
 
2013
Net Sales
 
 
 
 
 
 
 
AWP
$
598.7

 
$
533.3

 
$
1,901.5

 
$
1,649.0

Construction
207.3

 
188.0

 
630.2

 
626.5

Cranes
419.7

 
453.0

 
1,316.8

 
1,445.1

MHPS
468.2

 
460.6

 
1,267.8

 
1,169.6

MP
155.6

 
147.7

 
488.7

 
478.3

Corporate and Other / Eliminations
(39.7
)
 
(25.6
)
 
(85.5
)
 
(96.3
)
Total
$
1,809.8

 
$
1,757.0

 
$
5,519.5

 
$
5,272.2

Income (loss) from Operations
 
 
 

 
 
 
 
AWP
$
68.4

 
$
80.7

 
$
264.1

 
$
254.3

Construction
1.6

 
(5.1
)
 
0.6

 
(24.8
)
Cranes
21.8

 
28.9

 
51.3

 
84.8

MHPS
17.6

 
18.5

 
14.0

 
(67.8
)
MP
8.7

 
18.9

 
42.4

 
55.1

Corporate and Other / Eliminations
(1.3
)
 
(3.3
)
 
(19.7
)
 
(13.9
)
Total
$
116.8

 
$
138.6

 
$
352.7

 
$
287.7


 
September 30,
2014
 
December 31,
2013
Identifiable Assets
 
 
 
AWP
$
1,291.7

 
$
937.2

Construction
1,437.1

 
1,012.5

Cranes
2,005.8

 
2,040.3

MHPS
2,927.0

 
2,989.5

MP
860.6

 
945.6

Corporate and Other / Eliminations
(2,232.5
)
 
(1,533.3
)
Discontinued operations
—

 
144.9

Total
$
6,289.7

 
$
6,536.7