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GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
 3 Months Ended
Mar. 31, 2016
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
 
Cranes
 
MHPS
 
MP
 
Construction
 
Total
Balance at December 31, 2015, gross
$
137.7

 
$
183.1

 
$
577.1

 
$
204.3

 
$
132.8

 
$
1,235.0

Accumulated impairment
(38.6
)
 
(4.2
)
 
(13.0
)
 
(23.2
)
 
(132.8
)
 
(211.8
)
Balance at December 31, 2015, net (1)
99.1

 
178.9

 
564.1

 
181.1

 
—

 
1,023.2

Foreign exchange effect and other
0.3

 
6.1

 
34.5

 
(1.5
)
 
—

 
39.4

Balance at March 31, 2016, gross
138.0

 
189.2

 
611.6

 
202.8

 
132.8

 
1,274.4

Accumulated impairment
(38.6
)
 
(4.2
)
 
(13.0
)
 
(23.2
)
 
(132.8
)
 
(211.8
)
Balance at March 31, 2016, net
$
99.4

 
$
185.0

 
$
598.6

 
$
179.6

 
$
—

 
$
1,062.6


(1) Includes a $17.9 million reclassification of goodwill from Cranes to MHPS, and a$0.9 million reclassification of goodwill from Cranes to AWP as a result of segment realignments. See Note C - Business Segment Information.
Schedule of intangible assets by class
Intangible assets, net were comprised of the following as of March 31, 2016 and December 31, 2015 (in millions):
 
 
 
March 31, 2016
 
December 31, 2015
 
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
5
 
$
56.2

 
$
(44.6
)
 
$
11.6

 
$
53.6

 
$
(41.0
)
 
$
12.6

Customer Relationships
16
 
237.3

 
(92.8
)
 
144.5

 
224.5

 
(85.1
)
 
139.4

Land Use Rights
56
 
17.5

 
(2.3
)
 
15.2

 
17.2

 
(2.1
)
 
15.1

Other
7
 
46.6

 
(39.9
)
 
6.7

 
48.1

 
(39.5
)
 
8.6

Total definite-lived intangible assets
 
 
$
357.6

 
$
(179.6
)
 
$
178.0

 
$
343.4

 
$
(167.7
)
 
$
175.7

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Indefinite-lived intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Tradenames
 
 
$
77.3

 
 
 
 
 
$
73.8

 
 
 
 
Total indefinite-lived intangible assets
 
 
$
77.3

 
 
 
 
 
$
73.8

 

 
 
Finite-lived Intangible Assets Amortization Expense [Table Text Block]
 
Three Months Ended
March 31,
(in millions)
2016
 
2015
Aggregate Amortization Expense
$
5.8

 
$
6.3
Schedule of intangible assets amortization expense
Estimated aggregate intangible asset amortization expense (in millions) for each of the five years below is:
2016
$
22.5

2017
$
18.8

2018
$
14.5

2019
$
14.0

2020
$
13.4