DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2017

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 Condensed Consolidated Statement of Cash Flows (in millions):

	September 30, 2017		December 31, 2016
Cash and cash equivalents:
Cash and cash equivalents - continuing operations	$	592.7	$	428.5
Cash and cash equivalents - held for sale	3.0		73.4
Total cash and cash equivalents:	$	595.7	$	501.9

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

	Three Months Ended			Nine Months Ended
	September 30,			September 30,
	2016			2016
Non-cash operating items:
Depreciation and amortization	$	—		$	22.4
Reversal of impairment of MHPS disposal group	$	(55.6	)	$	—
Deferred taxes	$	4.5		$	8.8
Investing activities:
Capital expenditures	$	2.6		$	11.1

	Three Months Ended										Nine Months Ended
	September 30,										September 30,
	2017								2016		2017									2016
	MHPS			Atlas		Total			Total		MHPS			Atlas			Total			Total
Gain (loss) on disposition of discontinued operations	$	2.8		$	—	$	2.8		$	—	$	82.3		$	3.5		$	85.8		$	4.6
(Provision for) benefit from income taxes	(0.2		)	—		(0.2		)	—		(21.6		)	(0.5		)	(22.1		)	(1.1		)
Gain (loss) on disposition of discontinued operations – net of tax	$	2.6		$	—	$	2.6		$	—	$	60.7		$	3.0		$	63.7		$	3.5

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 (Loss) (in millions):

	Three Months Ended			Nine Months Ended
	September 30,			September 30,
	2016			2016
Net sales	$	348.8		$	983.5
Cost of sales	(261.2		)	(774.1		)
Selling, general and administrative expenses	(63.7		)	(222.2		)
Reversal of impairment of MHPS disposal group	55.6			—
Net interest (expense)	(1.4		)	(2.0		)
Other income (expense)	(2.3		)	(0.1		)
Income (loss) from discontinued operations before income taxes	75.8			(14.9		)
(Provision for) benefit from income taxes	(11.7		)	(18.5		)
Income (loss) from discontinued operations – net of tax	64.1			(33.4		)
Net loss (income) attributable to noncontrolling interest	(0.6		)	0.1
Income (loss) from discontinued operations – net of tax attributable to Terex Corporation	$	63.5		$	(33.3	)

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

	September 30, 2017			December 31, 2016
	Cranes			MHPS		Cranes			Construction			Total
Assets
Cash and cash equivalents	$	3.0		$	71.0	$	1.2		$	1.2		$	73.4
Trade receivables – net	2.8			243.5		3.1			24.4			271.0
Inventories	2.1			309.4		1.7			23.9			335.0
Prepaid and other current assets	0.4			49.9		0.5			3.1			53.5
Impairment reserve	(2.6		)	—		—			—			—
Current assets held for sale	$	5.7		$	673.8	$	6.5		$	52.6		$	732.9
Property, plant and equipment – net	$	0.6		$	294.2	$	0.8		$	3.2		$	298.2
Goodwill	—			573.7		—			—			573.7
Intangible assets	3.0			212.6		2.9			—			215.5
Impairment reserve	(3.6		)	—		(1.7		)	(3.5		)	(5.2		)
Other assets	—			86.4		1.1			1.6			89.1
Non-current assets held for sale	$	—		$	1,166.9	$	3.1		$	1.3		$	1,171.3
Liabilities
Notes payable and current portion of long-term debt	$	—		$	13.1	$	—		$	1.3		$	14.4
Trade accounts payable	0.6			132.6		0.7			23.8			157.1
Accruals and other current liabilities	1.6			267.0		6.2			9.1			282.3
Current liabilities held for sale	$	2.2		$	412.7	$	6.9		$	34.2		$	453.8
Long-term debt, less current portion	$	—		$	2.4	$	—		$	—		$	2.4
Retirement plans and other non-current liabilities	0.8			235.3		0.7			0.9			236.9
Other non-current liabilities	—			71.7		0.4			0.7			72.8
Non-current liabilities held for sale	$	0.8		$	309.4	$	1.1		$	1.6		$	312.1