XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net sales $ 1,297.7 $ 1,442.9 $ 2,412.0 $ 2,598.7
Cost of goods sold (1,055.6) (1,140.7) (1,988.2) (2,095.2)
Gross profit 242.1 302.2 423.8 503.5
Selling, general and administrative expenses (168.7) (166.1) (339.1) (329.1)
Income (loss) from operations 73.4 136.1 84.7 174.4
Other income (expense)        
Interest income 1.1 0.9 2.3 1.8
Interest expense (25.5) (27.9) (50.2) (56.8)
Loss on early extinguishment of debt (0.4) 0.0 (0.4) 0.0
Other income (expense) – net (6.1) (3.4) (12.0) (6.3)
Income (loss) from continuing operations before income taxes 42.5 105.7 24.4 113.1
(Provision for) benefit from income taxes 67.1 (29.8) 63.2 (38.9)
Income (loss) from continuing operations 109.6 75.9 87.6 74.2
Income (loss) from discontinued operations – net of tax (45.1) 10.4 (97.5) 10.6
Gain (loss) on disposition of discontinued operations – net of tax 0.1 (0.4) 3.5 2.7
Net income (loss) 64.6 85.9 (6.4) 87.5
Net loss (income) from continuing operations attributable to noncontrolling interest 0.0 0.0 0.0 0.1
Net loss (income) from discontinued operations attributable to noncontrolling interest 0.5 (1.1) 0.7 (1.8)
Net income (loss) attributable to Terex Corporation 65.1 84.8 (5.7) 85.8
Amounts attributable to Terex Corporation common stockholders:        
Income (loss) from continuing operations 109.6 75.9 87.6 74.3
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent (44.6) 9.3 (96.8) 8.8
Gain (loss) on disposition of discontinued operations – net of tax 0.1 (0.4) 3.5 2.7
Net income (loss) attributable to Terex Corporation $ 65.1 $ 84.8 $ (5.7) $ 85.8
Basic Earnings (Loss) per Share Attributable to Terex Corporation Common Stockholders:        
Income (loss) from continuing operations (in dollars per share) $ 1.01 $ 0.71 $ 0.81 $ 0.70
Income (loss) from discontinued operations - net of tax (in dollars per share) (0.41) 0.09 (0.89) 0.08
Gain (loss) on disposition of discontinued operations - net of tax (in dollars per share) 0.00 0.00 0.03 0.03
Net income (loss) attributable to Terex Corporation (in dollars per share) 0.60 0.80 (0.05) 0.81
Diluted Earnings (Loss) per Share Attributable to Terex Corporation Common Stockholders:        
Income (loss) from continuing operations (in dollars per share) 1.00 0.70 0.80 0.68
Income (loss) from discontinued operations - net of tax (in dollars per share) (0.41) 0.08 (0.88) 0.08
Gain (loss) on disposition of discontinued operations - net of tax (in dollars per share) 0.00 0.00 0.03 0.02
Net income (loss) attributable to Terex Corporation (in dollars per share) $ 0.59 $ 0.78 $ (0.05) $ 0.78
Weighted average number of shares outstanding in per share calculation        
Basic (in shares) 109.2 106.2 109.0 106.2
Diluted (in shares) 109.6 109.0 109.6 109.9
Comprehensive Income (Loss) $ (0.5) $ 166.8 $ (13.1) $ (31.4)
Comprehensive loss (income) Attributable to Noncontrolling Interest 0.8 (1.1) 0.9 (1.7)
Comprehensive income (loss) attributable to Terex Corporation $ 0.3 $ 165.7 $ (12.2) $ (33.1)
Dividends declared per common share $ 0.07 $ 0.06 $ 0.14 $ 0.12