DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Jun. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Schedule of discontinued operations presented in the Consolidated Financial Statements

The following table provides amounts of cash and cash equivalents presented in the Consolidated Statement of Cash Flows (in millions):

	June 30, 2016		December 31, 2015
Cash and cash equivalents:
Cash and cash equivalents - continuing operations	$	200.8	$	371.2
Cash and cash equivalents - discontinued operations	97.3		95.3
Total cash and cash equivalents:	$	298.1	$	466.5

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2016		2015			2016			2015
Gain (loss) on disposition of discontinued operations	$	0.1	$	(0.4	)	$	4.6		$	3.2
(Provision for) benefit from income taxes	—		—			(1.1		)	(0.5		)
Gain (loss) on disposition of discontinued operations – net of tax	$	0.1	$	(0.4	)	$	3.5		$	2.7

The following table provides the amounts of assets and liabilities held for sale in the Condensed Consolidated Balance Sheet (in millions):

	June 30, 2016								December 31, 2015
	MHPS			Construction		Total			MHPS
Assets
Cash and cash equivalents	$	97.3		$	—	$	97.3		$	95.3
Trade receivables – net	223.1			19.5		242.6			236.0
Inventories	424.5			35.0		459.5			382.1
Prepaid and other current assets	27.1			1.2		28.3			36.2
Current assets held for sale	$	772.0		$	55.7	$	827.7		$	749.6
Property, plant and equipment – net	$	304.3		$	14.9	$	319.2		$	303.9
Goodwill	596.4			—		596.4			564.1
Intangible assets	225.2			—		225.2			226.9
Impairment reserve	(55.6		)	—		(55.6		)	—
Other assets	74.6			4.8		79.4			65.6
Non-current assets held for sale	$	1,144.9		$	19.7	$	1,164.6		$	1,160.5
Liabilities
Notes payable and current portion of long-term debt	$	22.6		$	—	$	22.6		$	13.8
Trade accounts payable	154.4			18.3		172.7			177.0
Accruals and other current liabilities	328.0			8.3		336.3			255.2
Current liabilities held for sale	$	505.0		$	26.6	$	531.6		$	446.0
Long-term debt, less current portion	$	0.1		$	—	$	0.1		$	0.1
Retirement plans and other non-current liabilities	307.6			0.5		308.1			298.4
Non-current liabilities held for sale	$	307.7		$	0.5	$	308.2		$	298.5

The following amounts related to the discontinued operations were derived from historical financial information and have been segregated from continuing operations and reported as discontinued operations in the Condensed Consolidated Statement of Comprehensive Income (in millions):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2016			2015			2016			2015
Net sales	$	322.1		$	385.6		$	634.7		$	725.4
Cost of sales	(242.1		)	(303.6		)	(512.9		)	(568.1		)
Selling, general and administrative expenses	(63.7		)	(69.8		)	(158.5		)	(139.2		)
Impairment of MHPS disposal group	(55.6		)	—			(55.6		)	—
Net interest (expense)	(0.2		)	(0.4		)	(0.6		)	(0.9		)
Other income (expense)	0.1			1.8			2.2			(0.9		)
Income (loss) from discontinued operations before income taxes	(39.4		)	13.6			(90.7		)	16.3
(Provision for) benefit from income taxes	(5.7		)	(3.2		)	(6.8		)	(5.7		)
Income (loss) from discontinued operations – net of tax	(45.1		)	10.4			(97.5		)	10.6
Net loss (income) attributable to noncontrolling interest	0.5			(1.1		)	0.7			(1.8		)
Income (loss) from discontinued operations – net of tax attributable to Terex Corporation	$	(44.6	)	$	9.3		$	(96.8	)	$	8.8

The following table provides supplemental cash flow information related to discontinued operations (in millions):

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2016		2015			2016		2015
Non-cash operating items:
Depreciation and amortization	$	9.1	$	13.8		$	22.4	$	28.1
Impairment of MHPS disposal group	$	55.6	$	—		$	55.6	$	—
Deferred taxes	$	4.4	$	(0.6	)	$	4.3	$	0.2
Investing activities:
Capital expenditures	$	4.7	$	5.8		$	8.5	$	10.6