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GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
3 Months Ended
Mar. 31, 2017
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, 2016, gross
$
137.7

 
$
179.3

 
$
183.8

 
$
500.8

Accumulated impairment
(38.6
)
 
(179.3
)
 
(23.2
)
 
(241.1
)
Balance at December 31, 2016, net
99.1

 

 
160.6

 
259.7

Foreign exchange effect and other
0.5

 

 
1.9

 
2.4

Balance at March 31, 2017, gross
138.2

 
179.3

 
185.7

 
503.2

Accumulated impairment
(38.6
)
 
(179.3
)
 
(23.2
)
 
(241.1
)
Balance at March 31, 2017, net
$
99.6

 
$

 
$
162.5

 
$
262.1



Schedule of intangible assets by class
Intangible assets, net were comprised of the following as of March 31, 2017 and December 31, 2016 (in millions):
 
 
 
March 31, 2017
 
December 31, 2016
 
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
 
$
16.8

 
$
(15.6
)
 
$
1.2

 
$
17.0

 
$
(15.7
)
 
$
1.3

Customer Relationships
20
 
32.8

 
(25.6
)
 
7.2

 
33.1

 
(25.2
)
 
7.9

Land Use Rights
68
 
8.1

 
(1.0
)
 
7.1

 
7.9

 
(0.9
)
 
7.0

Other
8
 
26.2

 
(23.7
)
 
2.5

 
25.8

 
(23.6
)
 
2.2

Total definite-lived intangible assets
 
 
$
83.9

 
$
(65.9
)
 
$
18.0

 
$
83.8

 
$
(65.4
)
 
$
18.4

Finite-lived Intangible Assets Amortization Expense [Table Text Block]
 
Three Months Ended
March 31,
(in millions)
2017
 
2016
Aggregate Amortization Expense
$
0.5

 
$
0.7

Schedule of intangible assets amortization expense
Estimated aggregate intangible asset amortization expense (in millions) for each of the next five years below is:
2017
$
2.0

2018
$
1.8

2019
$
1.7

2020
$
1.7

2021
$
1.6