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BUSINESS SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2017
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. The Company operates in three reportable segments: (i) Aerial Work Platforms (“AWP”); (ii) Cranes; and (iii) Materials Processing (“MP”).

The AWP segment designs, manufactures, services and markets aerial work platform equipment, telehandlers and light towers, as well as their related components and replacement parts. 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 a wide variety of cranes, including mobile telescopic cranes, lattice boom crawler cranes, tower cranes, and utility equipment, 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
September 30,
 
Nine Months Ended
September 30,
 
2017
 
2016
 
2017
 
2016
Net Sales
 
 
 
 
 
 
 
AWP
$
556.7

 
$
484.4

 
$
1,622.1

 
$
1,598.8

Cranes
301.9

 
282.8

 
869.6

 
947.5

MP
259.9

 
228.2

 
789.5

 
708.2

Corporate and Other / Eliminations
(7.3
)
 
61.0

 
18.6

 
213.9

Total
$
1,111.2

 
$
1,056.4

 
$
3,299.8

 
$
3,468.4

Income (loss) from Operations
 
 
 

 
 
 
 
AWP
$
57.5

 
$
48.6

 
$
140.0

 
$
159.2

Cranes
(1.3
)
 
(12.1
)
 
(19.6
)
 
(41.5
)
MP
28.4

 
19.5

 
89.3

 
63.9

Corporate and Other / Eliminations
(20.4
)
 
(16.4
)
 
(75.9
)
 
(57.3
)
Total
$
64.2

 
$
39.6

 
$
133.8

 
$
124.3


 
September 30,
2017
 
December 31,
2016
Identifiable Assets
 
 
 
AWP (1)
$
1,348.6

 
$
1,659.8

Cranes
1,707.1

 
1,618.0

MP
1,233.4

 
1,104.9

Corporate and Other / Eliminations (2)
(692.1
)
 
(1,280.1
)
Assets held for sale
5.7

 
1,904.2

Total
$
3,602.7

 
$
5,006.8



(1) Reduction due primarily to the settlement of an intercompany balance with Corporate and Other.
(2) Increase due to settlement of intercompany balance with AWP segment, increased cash on hand as a result of the sale of MHPS, and debt refinancing.