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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