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GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
 6 Months Ended
Jun. 30, 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
 
MP
 
Total
Balance at December 31, 2015, gross
$
137.7

 
$
183.1

 
$
204.3

 
$
525.1

Accumulated impairment
(38.6
)
 
(4.2
)
 
(23.2
)
 
(66.0
)
Balance at December 31, 2015, net (1)
99.1

 
178.9

 
181.1

 
459.1

Foreign exchange effect and other
(0.5
)
 
3.0

 
(11.3
)
 
(8.8
)
Balance at June 30, 2016, gross
137.2

 
186.1

 
193.0

 
516.3

Accumulated impairment
(38.6
)
 
(4.2
)
 
(23.2
)
 
(66.0
)
Balance at June 30, 2016, net (2)
$
98.6

 
$
181.9

 
$
169.8

 
$
450.3


(1) Includes a $17.9 million reclassification of goodwill from Cranes to discontinued operations, and a $0.9 million reclassification of goodwill from Cranes to AWP as a result of segment realignments. See Note C - “Business Segment Information”.
(2) During the second quarter of 2016 the Company wrote off $132.8 million of fully impaired goodwill associated with its former Construction segment.
Schedule of intangible assets by class
Intangible assets, net were comprised of the following as of June 30, 2016 and December 31, 2015 (in millions):
 
 
 
June 30, 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
7
 
$
17.9

 
$
(16.3
)
 
$
1.6

 
$
17.3

 
$
(15.7
)
 
$
1.6

Customer Relationships
21
 
34.2

 
(24.8
)
 
9.4

 
34.8

 
(24.9
)
 
9.9

Land Use Rights
67
 
8.2

 
(0.9
)
 
7.3

 
8.2

 
(0.9
)
 
7.3

Other
6
 
27.9

 
(24.2
)
 
3.7

 
28.0

 
(24.2
)
 
3.8

Total definite-lived intangible assets
 
 
$
88.2

 
$
(66.2
)
 
$
22.0

 
$
88.3

 
$
(65.7
)
 
$
22.6
Finite-lived Intangible Assets Amortization Expense [Table Text Block]
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
(in millions)
2016
 
2015
 
2016
 
2015
Aggregate Amortization Expense
$
0.7

 
$
0.7

 
$
1.4

 
1.5
Schedule of intangible assets amortization expense
Estimated aggregate intangible asset amortization expense (in millions) for each of the five years below is:
2016
$
2.9

2017
$
2.8

2018
$
2.3

2019
$
2.2

2020
$
2.2