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BUSINESS SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
BUSINESS SEGMENT INFORMATION
BUSINESS SEGMENT INFORMATION

Terex is a global manufacturer of lifting and material processing products and services that deliver lifecycle solutions to maximize customer return on investment. The Company delivers lifecycle solutions to a broad range of industries, including the construction, infrastructure, manufacturing, shipping, transportation, refining, energy, utility, quarrying and mining industries. Historically, the Company operated in five reportable segments: (i) AWP; (ii) Cranes; (iii) MHPS; (iv) MP; and (v) Construction.

Subsequent to the reorganization discussed in Note B - “Basis of Presentation”, the Company now operates in three reportable segments: (i) AWP; (ii) Cranes; and (iii) MP.

The AWP segment designs, manufactures, services and markets aerial work platform equipment, telehandlers and light towers. Customers use these products to construct and maintain industrial, commercial and residential buildings and facilities and for other commercial operations, as well as in a wide range of infrastructure projects.

The Cranes segment designs, manufactures, services, refurbishes and markets mobile telescopic cranes, tower cranes, lattice boom crawler cranes, lattice boom truck cranes, utility equipment and truck-mounted cranes (boom trucks), as well as their related components and replacement parts. Customers use these products primarily for construction, repair and maintenance of commercial buildings, manufacturing facilities, construction and maintenance of utility and telecommunication lines, tree trimming and certain construction and foundation drilling applications and a wide range of infrastructure projects.

The MP segment designs, manufactures and markets materials processing and specialty equipment, including crushers, washing systems, screens, apron feeders, material handlers, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, and their related components and replacement parts. Customers use these products in construction, infrastructure and recycling projects, in various quarrying and mining applications, as well as in landscaping and biomass production industries, material handling applications, and in building roads and bridges.

The Company assists customers in their rental, leasing and acquisition of its products through Terex Financial Services (“TFS”). TFS uses its equipment financing experience to provide financing solutions to customers who purchase the Company’s equipment. TFS is included in the Corporate and Other category.

Business segment information is presented below (in millions):
 
Three Months Ended
June 30,
Six Months Ended
June 30,
 
2016
 
2015
2016
 
2015
Net Sales
 
 
 
 
 
 
AWP
$
593.7

 
$
688.3

$
1,114.4

 
$
1,205.8

Cranes
357.4

 
427.7

664.7

 
781.0

MP
256.2

 
249.6

480.0

 
459.9

Corporate and Other / Eliminations
90.4

 
77.3

152.9

 
152.0

Total
$
1,297.7

 
$
1,442.9

$
2,412.0

 
$
2,598.7

Income (loss) from Operations
 
 
 

 
 
 
AWP
$
72.5

 
$
105.1

$
110.6

 
$
149.7

Cranes
(12.8
)
 
21.3

(29.4
)
 
23.7

MP
28.6

 
25.6

44.4

 
37.2

Corporate and Other / Eliminations
(14.9
)
 
(15.9
)
(40.9
)
 
(36.2
)
Total
$
73.4

 
$
136.1

$
84.7

 
$
174.4


 
June 30,
2016
 
December 31,
2015
Identifiable Assets
 
 
 
AWP
$
1,826.6

 
$
1,701.2

Cranes
1,888.2

 
1,822.3

MP
1,034.7

 
1,073.4

Corporate and Other / Eliminations
(1,128.0
)
 
(891.0
)
Assets held for sale
1,992.3

 
1,910.1

Total
$
5,613.8

 
$
5,616.0