XML 35 R37.htm IDEA: XBRL DOCUMENT v2.4.1.9
GOODWILL AND INTANGIBLE ASSETS, NET (Tables) (USD $)
In Millions, unless otherwise specified
 12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
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

 
$
274.4

 
$
233.9

 
$
732.8

 
$
204.7

 
$
1,585.7

Accumulated impairment
(38.6
)
 
(274.4
)
 
(4.2
)
 
—

 
(23.2
)
 
(340.4
)
Balance at December 31, 2012, net
101.3

 
—

 
229.7

 
732.8

 
181.5

 
1,245.3

Foreign exchange effect and other
0.7

 
—

 
2.0

 
(5.3
)
 
2.9

 
0.3

Balance at December 31, 2013, gross
140.6

 
274.4

 
235.9

 
727.5

 
207.6

 
1,586.0

Accumulated impairment
(38.6
)
 
(274.4
)
 
(4.2
)
 
—

 
(23.2
)
 
(340.4
)
Balance at December 31, 2013, net
102.0

 
—

 
231.7

 
727.5

 
184.4

 
1,245.6

Acquisitions
—

 
—

 
—

 
12.0

 
—

 
12.0

Divestiture
—

 
(141.6
)
 
—

 
(6.1
)
 
—

 
(147.7
)
Foreign exchange effect and other
(2.1
)
 
—

 
(18.3
)
 
(90.6
)
 
(9.5
)
 
(120.5
)
Balance at December 31, 2014, gross
138.5


132.8

 
217.6

 
642.8


198.1

 
1,329.8

Accumulated impairment
(38.6
)
 
(132.8
)
 
(4.2
)
 
—

 
(23.2
)
 
(198.8
)
Balance at December 31, 2014, net
$
99.9

 
$
—

 
$
213.4

 
$
642.8

 
$
174.9

 
$
1,131.0



    
Schedule of intangible assets by class
Intangible assets, net were comprised of the following as of December 31, 2014 and 2013 (in millions):
 
 
 
December 31, 2014
 
December 31, 2013
 
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
6
 
$
58.8

 
$
38.4

 
$
20.4

 
$
91.6

 
$
48.7

 
$
42.9

Customer Relationships
16
 
251.9

 
78.4

 
173.5

 
354.7

 
105.2

 
249.5

Land Use Rights
57
 
18.0

 
1.8

 
16.2

 
18.4

 
1.5

 
16.9

Other
7
 
44.6

 
38.2

 
6.4

 
52.2

 
40.4

 
11.8

Total definite-lived intangible assets
 
 
$
373.3

 
$
156.8

 
$
216.5

 
$
516.9

 
$
195.8

 
$
321.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Tradenames
 
 
$
108.9

 
 
 
 
 
$
123.7

 
 
 
 
Total indefinite-lived intangible assets
 
 
$
108.9

 
 
 
 
 
$
123.7

 
 
 
 
    
Amortization of Intangible Assets $ 37.6us-gaap_AmortizationOfIntangibleAssets $ 38.6us-gaap_AmortizationOfIntangibleAssets $ 43.0us-gaap_AmortizationOfIntangibleAssets
Finite-lived Intangible Assets Amortization Expense [Table Text Block]
 
For the Year Ended December 31,
(in millions)
2014
 
2013
 
2012
Aggregate Amortization Expense
$
37.6

 
$
38.6

 
$
43.0

    
Schedule of intangible assets amortization expense
Estimated aggregate intangible asset amortization expense (in millions) for the next five years is as follows:
2015
 
$
26.0

2016
 
$
24.1

2017
 
$
19.7

2018
 
$
15.1

2019
 
$
14.8