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GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
12 Months Ended
Dec. 31, 2018
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
2.5

 

 
11.4

 
13.9

Balance at December 31, 2017, gross
140.2

 
179.3

 
195.2

 
514.7

Accumulated impairment
(38.6
)
 
(179.3
)
 
(23.2
)
 
(241.1
)
Balance at December 31, 2017, net
101.6

 

 
172.0

 
273.6

Foreign exchange effect and other
(1.0
)
 

 
(7.4
)
 
(8.4
)
Balance at December 31, 2018, gross
139.2


179.3

 
187.8

 
506.3

Accumulated impairment
(38.6
)
 
(179.3
)
 
(23.2
)
 
(241.1
)
Balance at December 31, 2018, net
$
100.6

 
$

 
$
164.6

 
$
265.2



Schedule of intangible assets by class
Intangible assets, net were comprised of the following as of December 31, 2018 and 2017 (in millions):
 
 
 
December 31, 2018
 
December 31, 2017
 
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
 
$
19.7

 
$
(17.3
)
 
$
2.4

 
$
18.8

 
$
(17.8
)
 
$
1.0

Customer Relationships
20
 
32.6

 
(28.7
)
 
3.9

 
33.2

 
(28.3
)
 
4.9

Land Use Rights
81
 
4.4

 
(0.6
)
 
3.8

 
4.8

 
(0.6
)
 
4.2

Other
8
 
26.3

 
(23.2
)
 
3.1

 
26.5

 
(22.8
)
 
3.7

Total definite-lived intangible assets
 
 
$
83.0

 
$
(69.8
)
 
$
13.2

 
$
83.3

 
$
(69.5
)
 
$
13.8

Finite-lived Intangible Assets Amortization Expense
 
For the Year Ended December 31,
(in millions)
2018
 
2017
 
2016
Aggregate Amortization Expense
$
2.0

 
$
2.0

 
$
2.9

Schedule of intangible assets amortization expense
Estimated aggregate intangible asset amortization expense (in millions) for each of the next five years is as follows:
2019
 
$
1.8

2020
 
$
1.8

2021
 
$
1.7

2022
 
$
1.4

2023
 
$
0.9