Hyster-Yale Materials Handling (HY) 10-Q29 Jul 152015 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2015	Jul. 24, 2015
Document Information [Line Items]
Entity Registrant Name	HYSTER-YALE MATERIALS HANDLING, INC.
Entity Central Index Key	1,173,514
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Amendment Flag	false
Common Class A [Member]
Document Information [Line Items]
Shares Outstanding		12,366,371
Common Class B [Member]
Document Information [Line Items]
Shares Outstanding		3,953,596

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Current Assets
Cash and cash equivalents	$ 99.1	$ 111.4
Accounts receivable, net	343.2	357.7
Inventories, net	342.9	342.5
Deferred income taxes	20.1	20.8
Prepaid expenses and other	37.7	34.6
Total Current Assets	843	867
Property, Plant and Equipment, Net	176.9	179.8
Intangible Assets	3.9	4.1
Long-term Deferred Income Taxes	13.3	11.4
Investment in Unconsolidated Affiliates	38.8	39.6
Other Non-current Assets	16	18.9
Total Assets	1,091.9	1,120.8
Current Liabilities
Accounts payable	302.2	331.6
Accounts payable, affiliate	14.3	18.4
Current maturities of long-term debt	34.7	19.5
Accrued payroll	37.9	57.2
Accrued warranty obligations	35.7	32.3
Other current liabilities	94.3	94.5
Total Current Liabilities	519.1	553.5
Long-term Debt	19	12
Self-insurance Liabilities	19.5	18.6
Pension and other Postretirement Obligations	21	24.6
Other Long-term Liabilities	55.4	56.1
Total Liabilities	634	664.8
Common stock:
Capital in excess of par value	320.3	324.1
Treasury stock	(43.1)	(49.1)
Retained earnings	307.8	280.4
Accumulated other comprehensive loss	(129)	(101.1)
Total Stockholders' Equity	456.2	454.5
Noncontrolling Interest	1.7	1.5
Total Equity	457.9	456
Total Liabilities and Equity	1,091.9	1,120.8
Common Class A [Member]
Common stock:
Common stock	0.1	0.1
Common Class B [Member]
Common stock:
Common stock	$ 0.1	$ 0.1

Balance Sheet Parenthetical

Balance Sheet Parenthetical - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Common Class A [Member]
Class A Common stock, par value	$ 0.01	$ 0.01
Class A Common stock, shares outstanding	12,362,148	12,277,148
Common Class B [Member]
Class A Common stock, par value	$ 0.01	$ 0.01
Class A Common stock, shares outstanding	3,954,109	3,964,082

Unaudited Condensed Consolidat4

Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues	$ 658.7	$ 684.7	$ 1,281	$ 1,360.7
Cost of sales	548.1	577.4	1,067.5	1,141.7
Gross Profit	110.6	107.3	213.5	219
Operating Expenses
Selling, general and administrative expenses	83.3	77.3	165.2	157.4
Gain on sale of assets	0	(17.7)	0	(17.7)
Operating Profit	27.3	47.7	48.3	79.3
Other (income) expense
Interest expense	1.3	0.8	2.3	1.7
Income from unconsolidated affiliates	(1.4)	(1.4)	(2.5)	(2.6)
Other	0	(0.4)	1.4	(0.1)
Other (income) expense	(0.1)	(1)	1.2	(1)
Income Before Income Taxes	27.4	48.7	47.1	80.3
Income tax provision	4.6	15.7	10.3	25.2
Net income	22.8	33	36.8	55.1
Net income attributable to noncontrolling interest	(0.1)	(0.1)	(0.2)	(0.1)
Net Income Attributable to Stockholders	$ 22.7	$ 32.9	$ 36.6	$ 55
Basic Earnings per Share	$ 1.39	$ 1.96	$ 2.25	$ 3.28
Diluted Earnings per Share	1.39	1.95	2.24	3.26
Dividends per Share	$ 0.2850	$ 0.2750	$ 0.5600	$ 0.5250
Basic Weighted Average Shares Outstanding	16,315	16,802	16,294	16,780
Diluted Weighted Average Shares Outstanding	16,351	16,838	16,342	16,851

Unaudited Condensed Consolidat5

Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) Statement - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net income	$ 22.8	$ 33	$ 36.8	$ 55.1
Other comprehensive income (loss)
Foreign currency translation adjustment	10.2	0.4	(30.1)	3.2
Current period cash flow hedging activity	4.4	0.5	(0.2)	0.4
Reclassification of hedging activities into earnings	1.2	0.6	1.2	0.9
Reclassification of pension into earnings	0.6	1.1	1.2	2.3
Comprehensive Income (Loss)	39.2	35.6	8.9	61.9
Net income attributable to noncontrolling interest	(0.1)	(0.1)	(0.2)	(0.1)
Comprehensive Income (Loss) Attributable to Stockholders	$ 39.1	$ 35.5	$ 8.7	$ 61.8

Unaudited Condensed Consolidat6

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating Activities
Net income	$ 36.8	$ 55.1
Adjustments to reconcile net income to net cash used for operating activities:
Depreciation and amortization	14.9	14.9
Amortization of deferred financing fees	0.6	0.5
Deferred income taxes	(2.8)	4.1
Gain on sale of assets	0	(17.7)
Stock-based compensation	2.3	3.6
Dividends from unconsolidated affiliates	2.5	0
Other non-current liabilities	0.2	(0.5)
Other	(2.1)	(4.3)
Working capital changes:
Accounts receivable	(1.3)	(12.9)
Inventories	(17.5)	(29.5)
Other current assets	(1.7)	(2.9)
Accounts payable	(23.5)	(8.3)
Other current liabilities	(11.2)	(15.7)
Net cash used for operating activities	(2.8)	(13.6)
Investing Activities
Expenditures for property, plant and equipment	(18.7)	(16.9)
Proceeds from the sale of assets	8.1	8.2
Business acquisition, purchase price adjustment	0.9	0
Other	0	0.7
Net cash used for investing activities	(9.7)	(9.4)
Financing Activities
Additions to long-term debt	31.1	14.8
Reductions of long-term debt	(16.3)	(19.1)
Net change to revolving credit agreements	0	(31.4)
Cash dividends paid	(9.2)	(8.8)
Purchase of treasury stock	(0.1)	(9.1)
Net cash provided by (used for) financing activities	5.5	(53.6)
Effect of exchange rate changes on cash	(5.3)	(0.5)
Cash and Cash Equivalents
Decrease for the period	(12.3)	(77.1)
Balance at the beginning of the period	111.4	175.7
Balance at the end of the period	$ 99.1	$ 98.6

Unaudited Condensed Consolidat7

Unaudited Condensed Consolidated Statements of Changes in Equity - USD ($) $ in Millions	Total	Parent [Member]	Common Stock [Member]Common Class A [Member]	Common Stock [Member]Common Class B [Member]	Treasury Stock [Member]	Capital in Excess of Par Value [Member]	Retained Earnings [Member]	Foreign Currency Translation Adjustment [Member]	Deferred Gain (Loss) on Cash Flow Hedging [Member]	Pension Adjustment [Member]	Noncontrolling Interest [Member]
Balance at Dec. 31, 2013	$ 450.9	$ 449.8	$ 0.1	$ 0.1	$ (3.4)	$ 320.6	$ 188.4	$ 1.3	$ (1.9)	$ (55.4)	$ 1.1
Capital in Excess of Par Value
Stock-based compensation	3.6	3.6				3.6
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures	0	0			2.3	(2.3)
Treasury Stock, Value, Acquired, Cost Method	(9.1)	(9.1)			(9.1)
Retained Earnings
Net Income Attributable to Stockholders	55	55					55
Cash dividends	(8.8)	(8.8)					(8.8)
Accumulated Other Comprehensive Income (Loss)
Foreign currency translation adjustment	3.2							3.2
Deferred gain (loss) on cash flow hedging	0.4								0.4
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	3.6	3.6
Reclassification of hedging activities into earnings	0.9								0.9
Reclassification of pension into earnings	2.3									2.3
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	3.2	3.2
Net income attributable to noncontrolling interest	0.1										0.1
Balance at Jun. 30, 2014	498.5	497.3	0.1	0.1	(10.2)	321.9	234.6	4.5	(0.6)	(53.1)	1.2
Balance at Dec. 31, 2014	456	454.5	0.1	0.1	(49.1)	324.1	280.4	(40.4)	(2)	(58.7)	1.5
Capital in Excess of Par Value
Stock-based compensation	2.3	2.3				2.3
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures	0	0			6.1	(6.1)
Treasury Stock, Value, Acquired, Cost Method	(0.1)	(0.1)			(0.1)
Retained Earnings
Net Income Attributable to Stockholders	36.6	36.6					36.6
Cash dividends	(9.2)	(9.2)					(9.2)
Accumulated Other Comprehensive Income (Loss)
Foreign currency translation adjustment	(30.1)							(30.1)
Deferred gain (loss) on cash flow hedging	(0.2)								(0.2)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(30.3)	(30.3)
Reclassification of hedging activities into earnings	1.2								1.2
Reclassification of pension into earnings	1.2									1.2
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	2.4	2.4
Net income attributable to noncontrolling interest	0.2										0.2
Balance at Jun. 30, 2015	$ 457.9	$ 456.2	$ 0.1	$ 0.1	$ (43.1)	$ 320.3	$ 307.8	$ (70.5)	$ (1)	$ (57.5)	$ 1.7

Statements of Changes in Equity

Statements of Changes in Equity Parenthetical - $ / shares	6 Months Ended
Statements of Changes in Equity Parenthetical - $ / shares	Jun. 30, 2015	Jun. 30, 2014
Cash dividends on Class A and Class B common stock	$ 0.560	$ 0.525

Basis of Presentation

Basis of Presentation	6 Months Ended
Basis of Presentation	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of Hyster-Yale Materials Handling, Inc., a Delaware corporation, and the accounts of Hyster-Yale's wholly-owned domestic and international subsidiaries (collectively, "Hyster-Yale" or the "Company"). Also included is Shanghai Hyster Forklift Ltd., a 75% -owned joint venture in China. All intercompany accounts and transactions among the consolidated companies are eliminated in consolidation. The Company, through its wholly-owned subsidiary, NACCO Materials Handling Group, Inc. ("NMHG"), designs, engineers, manufactures, sells and services a comprehensive line of lift trucks and aftermarket parts marketed globally primarily under the Hyster ® and Yale ® brand names, mainly to independent Hyster ® and Yale ® retail dealerships. Lift trucks and component parts are manufactured in the United States, Northern Ireland, Mexico, the Netherlands, the Philippines, Brazil, Japan, Italy, Vietnam and China. On December 18, 2014, the Company acquired Nuvera Fuel Cells, Inc. ("Nuvera"). Nuvera is an alternative-power technology company focused on fuel cell stacks and related systems. Nuvera is also focused on supporting on-site hydrogen production and dispensing systems that are designed to deliver clean energy solutions to customers. Investments in Sumitomo-NACCO Materials Handling Company, Ltd. (“SN”), a 50% -owned joint venture, and NMHG Financial Services, Inc. (“NFS”), a 20% -owned joint venture, are accounted for by the equity method. SN operates manufacturing facilities in Japan, the Philippines and Vietnam from which the Company purchases certain components and lift trucks. Sumitomo Heavy Industries, Ltd. ("Sumitomo") owns the remaining 50% interest in SN. Each stockholder of SN is entitled to appoint directors representing 50% of the vote of SN’s board of directors. All matters related to policies and programs of operation, manufacturing and sales activities require mutual agreement between the Company and Sumitomo prior to a vote of SN’s board of directors. NFS is a joint venture with General Electric Capital Corporation (“GECC”), formed primarily for the purpose of providing financial services to independent Hyster ® and Yale ® lift truck dealers and National Account customers in the United States. National Account customers are large customers with centralized purchasing and geographically dispersed operations in multiple dealer territories. The Company’s percentage share of the net income or loss from these equity investments is reported on the line “Income from unconsolidated affiliates” in the “Other (income) expense” portion of the unaudited condensed consolidated statements of operations. These financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the financial position of the Company as of June 30, 2015 and the results of its operations for the three and six months ended June 30, 2015 and 2014 and the results of its cash flows and changes in equity for the six months ended June 30, 2015 and 2014 have been included. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2014 . The accompanying unaudited condensed consolidated balance sheet at December 31, 2014 has been derived from the audited financial statements at that date but does not include all of the information or notes required by U.S. generally accepted accounting principles for complete financial statements.

Recently Issued Accounting Stan

Recently Issued Accounting Standards	6 Months Ended
Recently Issued Accounting Standards	Jun. 30, 2015
New Accounting Pronouncement or Change in Accounting Principle, Current Period Disclosures [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Recently Issued Accounting Standards Recently Issued Accounting Standards The following table provides a brief description of a recent accounting pronouncement adopted January 1, 2015. The adoption of this standard did not have a material effect on the Company's financial position, results of operations, cash flows or related disclosures. Standard Description ASU No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity The guidance changes the criteria for reporting discontinued operations to only those disposals which represent a strategic shift in operations. In addition, the new guidance requires expanded disclosures about discontinued operations, including pre-tax income attributable to a disposal of a significant part of an organization that does not qualify for discontinued operations reporting. The following table provides a brief description of recent accounting pronouncements not yet adopted: Standard Description Date of Adoption Effect on the financial statements or other significant matters ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) The new guidance is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new guidance also requires additional disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. January 1, 2018 The Company is currently evaluating the alternative methods of adoption and the effect on its financial position, results of operations, cash flows and related disclosures. ASU No. 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern The guidance requires management to evaluate whether there are conditions and events that raise substantial doubt about the entity's ability to continue as a going concern within one year after the financial statements are issued. December 31, 2016 The Company does not expect the adoption of the guidance to have a material effect on its financial position, results of operations, cash flows or related disclosures. ASU No. 2015-03, Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs The guidance is intended to simplify the presentation of debt issuance costs. The guidance requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. January 1, 2016 The Company does not expect the adoption of the guidance to have a material effect on its financial position, results of operations, cash flows or related disclosures. ASU No. 2015-05, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer's Accounting for Fees Paid in a Cloud Computing Arrangement The guidance clarifies the accounting for cloud computing arrangements including a software license and cloud computing arrangements that do not include a software license that should be accounted for as a service contract. January 1, 2016 The Company is currently evaluating the effect of adoption on its financial position, results of operations, cash flows and related disclosures.

Business Segments

Business Segments	6 Months Ended
Business Segments	Jun. 30, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Business Segments The Company’s reportable segments for the lift truck business include the following three management units: the Americas, Europe and Asia-Pacific. Americas includes operations in the United States, Canada, Mexico, Brazil, Latin America and the corporate headquarters. Europe includes operations in Europe, the Middle East and Africa. Asia-Pacific includes operations in the Asia-Pacific region including China, as well as the equity earnings of SN operations. Certain amounts are allocated to these geographic management units and are included in the segment results presented below, including product development costs, corporate headquarter's expenses and certain information technology infrastructure costs. These allocations among geographic management units are determined by senior management and not directly incurred by the geographic operations. In addition, other costs are incurred directly by these geographic management units based upon the location of the manufacturing plant or sales units, including manufacturing variances, product liability, warranty and sales discounts, which may not be associated with the geographic management unit of the ultimate end user sales location where revenues and margins are reported. Therefore, the reported results of each segment for the lift truck business cannot be considered stand-alone entities as all segments are inter-related and integrate into a single global lift truck business. On December 18, 2014, the Company acquired Nuvera, which is reported as a separate segment. Financial information for each reportable segment is presented in the following table: THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30 JUNE 30 2015 2014 2015 2014 Revenues from external customers Americas $ 463.9 $ 440.8 $ 879.8 $ 897.7 Europe 146.2 184.2 303.8 353.2 Asia-Pacific 48.2 59.7 95.8 109.8 Lift truck business 658.3 684.7 1,279.4 1,360.7 Nuvera 0.4 — 1.6 — Total $ 658.7 $ 684.7 $ 1,281.0 $ 1,360.7 Gross profit (loss) Americas $ 79.9 $ 67.5 $ 146.9 $ 143.5 Europe 25.1 34.9 54.9 64.9 Asia-Pacific 6.0 4.9 12.9 10.6 Lift truck business 111.0 107.3 214.7 219.0 Nuvera (0.4 ) — (1.2 ) — Total $ 110.6 $ 107.3 $ 213.5 $ 219.0 Operating profit (loss) Americas $ 31.2 $ 37.9 $ 48.4 $ 63.6 Europe 3.3 10.8 12.0 17.1 Asia-Pacific (1.3 ) (1.0 ) (0.2 ) (1.4 ) Lift truck business 33.2 47.7 60.2 79.3 Nuvera (5.9 ) — (11.9 ) — Total $ 27.3 $ 47.7 $ 48.3 $ 79.3 Net income (loss) attributable to stockholders Americas $ 24.4 $ 24.7 $ 33.6 $ 41.9 Europe 2.6 8.8 9.9 13.8 Asia-Pacific (0.8 ) (0.6 ) 0.2 (0.7 ) Lift truck business 26.2 32.9 43.7 55.0 Nuvera (3.5 ) — (7.1 ) — Total $ 22.7 $ 32.9 $ 36.6 $ 55.0

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	The income tax provision includes U.S. federal, state and local, and foreign income taxes and is based on the application of a forecasted annual income tax rate applied to the current quarter's year-to-date pre-tax income or loss. In determining the estimated annual effective income tax rate, the Company analyzes various factors, including projections of the Company's annual earnings, taxing jurisdictions in which the earnings will be generated, the impact of state and local income taxes, the Company's ability to use tax credits and net operating loss carryforwards and capital loss carryforwards, and available tax planning alternatives. Discrete items, including the effect of changes in tax laws, tax rates and certain circumstances with respect to valuation allowances or the tax effect of other unusual or non-recurring transactions or adjustments are reflected in the period in which they occur as an addition to, or reduction from, the income tax provision, rather than included in the estimated effective annual income tax rate. During the second quarter and first six months of 2015, the Company's effective tax rate of 16.8% and 21.9% , respectively, differed from the U.S. federal statutory tax rate of 35% as a result of income in non-U.S. jurisdictions being taxed at rates lower than the U.S. rate and due to a $3.7 million tax benefit recognized in the second quarter of 2015 from an internal sale of a subsidiary between consolidated companies resulting in the repatriation of non-U.S. accumulated earnings taxed at higher rates. During the second quarter and first six months of 2014, the Company's effective tax rate of 32.2% and 31.4% , respectively, differed from the U.S. federal statutory tax rate of 35% as a result of income in non-U.S. jurisdictions being taxed at rates lower than the U.S. rate, including the tax on the sale of real estate and an operating facility in Brazil.

Reclassifications Out Of Accumu

Reclassifications Out Of Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2015
Reclassifications Out of Accumulated Other Comprehensive Income (Loss) [Abstract]
Reclassifications Out of Accumulated Comprehensive Income (Loss) [Text Block]	Reclassifications from OCI The following table summarizes reclassifications out of accumulated other comprehensive income (loss) ("OCI") as recorded in the unaudited condensed consolidated statements of operations: Details about OCI Components Amount Reclassified from OCI Affected Line Item in the Statement Where Net Income Is Presented THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30 JUNE 30 2015 2014 2015 2014 Gain (loss) on cash flow hedges: Interest rate contracts $ — $ 0.8 $ — $ 0.8 Other Foreign exchange contracts (3.0 ) (1.3 ) (4.4 ) (1.6 ) Cost of sales Total before tax (3.0 ) (0.5 ) (4.4 ) (0.8 ) Income before income taxes Tax (provision) benefit 1.8 (0.1 ) 3.2 (0.1 ) Income tax provision Net of tax $ (1.2 ) $ (0.6 ) $ (1.2 ) $ (0.9 ) Net income Amortization of defined benefit pension items: Actuarial loss $ (0.9 ) $ (1.5 ) $ (1.8 ) $ (3.2 ) (a) Prior service credit 0.1 — 0.2 0.1 (a) Transition liability (0.1 ) — (0.1 ) — (a) Total before tax (0.9 ) (1.5 ) (1.7 ) (3.1 ) Income before income taxes Tax benefit 0.3 0.4 0.5 0.8 Income tax provision Net of tax $ (0.6 ) $ (1.1 ) $ (1.2 ) $ (2.3 ) Net income Total reclassifications for the period $ (1.8 ) $ (1.7 ) $ (2.4 ) $ (3.2 ) (a) These OCI components are included in the computation of net pension cost (see Note 7 for additional details).

Financial Instruments and Deriv

Financial Instruments and Derivative Financial Instruments	6 Months Ended
Financial Instruments and Derivative Financial Instruments	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	Financial Instruments and Derivative Financial Instruments Financial Instruments The carrying amounts of cash and cash equivalents, accounts receivable and accounts payable approximate fair value due to the short-term maturities of these instruments. The fair values of revolving credit agreements and long-term debt, excluding capital leases, were determined using current rates offered for similar obligations taking into account company credit risk. This valuation methodology is Level 2 as defined in the fair value hierarchy. At June 30, 2015 , the fair value and book value of revolving credit agreements and long-term debt, excluding capital leases, was $35.6 million . At December 31, 2014 , the fair value and book value of revolving credit agreements and long-term debt, excluding capital leases, was $19.2 million . Derivative Financial Instruments The Company uses forward foreign currency exchange contracts to partially reduce risks related to transactions denominated in foreign currencies. These contracts hedge firm commitments and forecasted transactions relating to cash flows associated with sales and purchases denominated in non-functional currencies. The Company offsets fair value amounts related to foreign currency exchange contracts executed with the same counterparty. Changes in the fair value of forward foreign currency exchange contracts that are effective as hedges are recorded in OCI. Deferred gains or losses are reclassified from OCI to the unaudited condensed consolidated statements of operations in the same period as the gains or losses from the underlying transactions are recorded and are generally recognized in cost of sales. The ineffective portion of derivatives that are classified as hedges is immediately recognized in earnings and is also generally recognized in cost of sales. Certain of the Company's forward foreign currency contracts were designated as net investment hedges of the Company's net investment in its foreign subsidiaries. For derivative instruments that were designated and qualified as a hedge of a net investment in foreign currency, the gain or loss was reported in other comprehensive income as part of the cumulative translation adjustment to the extent it was effective, with the related amounts due to or from counterparties included in other liabilities or other assets. The Company utilizes the forward-rate method of assessing hedge effectiveness. Any ineffective portion of net investment hedges would be recognized in the unaudited condensed consolidated statement of operations in the same period as the change. The Company periodically enters into foreign currency exchange contracts that do not meet the criteria for hedge accounting. These derivatives are used to reduce the Company's exposure to foreign currency risk related to forecasted purchase or sales transactions or forecasted intercompany cash payments or settlements. Gains and losses on these derivatives are generally recognized in cost of sales. The Company does not currently hold any nonderivative instruments designated as hedges or any derivatives designated as fair value hedges. The Company has interest rate swap agreements that do not meet the criteria for hedge accounting. The terms of the interest rate swap agreements require the Company to receive a variable interest rate based upon the three-month LIBOR and pay a fixed interest rate. Changes in the fair value of interest rate swap agreements are immediately recognized in earnings and included on the line “Other” in the “Other (income) expense” section of the unaudited condensed consolidated statements of operations. Cash flows from hedging activities are reported in the unaudited condensed consolidated statements of cash flows with the same classification as the hedged item, generally as a component of cash flows from operations. The Company measures its derivatives at fair value on a recurring basis using significant observable inputs. This valuation methodology is Level 2 as defined in the fair value hierarchy. The Company uses a present value technique that incorporates the yield curves and foreign currency spot rates to value its derivatives and also incorporates the effect of the Company's and its counterparties' credit risk into the valuation. Foreign Currency Derivatives: The Company held forward foreign currency exchange contracts with total notional amounts of $ 682.8 million at June 30, 2015 , primarily denominated in euros, Japanese yen, Swedish kroner, British pounds, Mexican pesos and Australian dollars. The Company held forward foreign currency exchange contracts with total notional amounts of $ 510.8 million at December 31, 2014 , primarily denominated in euros, Japanese yen, Swedish kroner, British pounds, Mexican pesos and Australian dollars. The fair value of these contracts approximated a net liability of $ 6.1 million and $ 5.6 million at June 30, 2015 and December 31, 2014 , respectively. Forward foreign currency exchange contracts that qualify for hedge accounting are generally used to hedge transactions expected to occur within the next 30 months. The mark-to-market effect of forward foreign currency exchange contracts that are considered effective as hedges has been included in OCI. Based on market valuations at June 30, 2015 , $ 4.0 million of the amount included in OCI is expected to be reclassified as a loss into the unaudited condensed consolidated statement of operations over the next twelve months, as the transactions occur. Interest Rate Derivatives: The Company held interest rate contracts with total notional amount of $100.0 million at June 30, 2015 . The fair value of interest rate swap agreements was a net liability of $ 0.4 million at June 30, 2015 and a net asset $ 0.3 million at December 31, 2014 . The following table summarizes the fair value of derivative instruments reflected on a gross basis by contract as recorded in the unaudited condensed consolidated balance sheets: Asset Derivatives Liability Derivatives Balance Sheet Location JUNE 30 DECEMBER 31 Balance Sheet Location JUNE 30 DECEMBER 31 Derivatives designated as hedging instruments Cash Flow Hedges Foreign currency exchange contracts Current Prepaid expenses and other $ 8.8 $ 4.6 Prepaid expenses and other $ 7.7 $ 2.4 Other current liabilities 1.3 3.5 Other current liabilities 6.4 8.8 Long-term Other non-current assets 1.2 0.9 Other long-term liabilities 0.9 3.1 Total derivatives designated as hedging instruments $ 11.3 $ 9.0 $ 15.0 $ 14.3 Derivatives not designated as hedging instruments Cash Flow Hedges Interest rate swap agreements Current Other current liabilities $ — $ — Other current liabilities $ 1.0 $ 1.0 Long-term Other non-current assets 0.6 1.3 Other long-term liabilities — — Foreign currency exchange contracts Current Prepaid expenses and other 2.0 4.3 Prepaid expenses and other 0.8 2.7 Other current liabilities 0.9 0.6 Other current liabilities 4.5 2.5 Total derivatives not designated as hedging instruments $ 3.5 $ 6.2 $ 6.3 $ 6.2 Total derivatives $ 14.8 $ 15.2 $ 21.3 $ 20.5 The following table summarizes the offsetting of the fair value of derivative instruments on a gross basis by counterparty at June 30, 2015 and December 31, 2014 as recorded in the unaudited condensed consolidated balance sheets: Derivative Assets as of June 30, 2015 Derivative Liabilities as of June 30, 2015 Gross Amounts of Recognized Assets Gross Amounts Offset Net Amounts Presented Net Amount Gross Amounts of Recognized Liabilities Gross Amounts Offset Net Amounts Presented Net Amount Cash Flow Hedges Interest rate swap agreements $ 0.6 $ (0.6 ) $ — $ — $ 1.0 $ (0.6 ) $ 0.4 $ 0.4 Foreign currency exchange contracts 3.5 (3.5 ) — — 9.6 (3.5 ) 6.1 6.1 Total derivatives $ 4.1 $ (4.1 ) $ — $ — $ 10.6 $ (4.1 ) $ 6.5 $ 6.5 Derivative Assets as of December 31, 2014 Derivative Liabilities as of December 31, 2014 Gross Amounts of Recognized Assets Gross Amounts Offset Net Amounts Presented Net Amount Gross Amounts of Recognized Liabilities Gross Amounts Offset Net Amounts Presented Net Amount Cash Flow Hedges Interest rate swap agreements $ 1.3 $ (1.0 ) $ 0.3 $ 0.3 $ 1.0 $ (1.0 ) $ — $ — Foreign currency exchange contracts 4.7 (4.7 ) — — 10.3 (4.7 ) 5.6 5.6 Total derivatives $ 6.0 $ (5.7 ) $ 0.3 $ 0.3 $ 11.3 $ (5.7 ) $ 5.6 $ 5.6 The following table summarizes the pre-tax impact of derivative instruments for the three and six months ended June 30, 2015 and 2014 as recorded in the unaudited condensed consolidated statements of operations: Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion) Location of Gain or (Loss) Reclassified from OCI into Income (Effective Portion) Amount of Gain or (Loss) Reclassified from OCI into Income (Effective Portion) Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) THREE MONTHS ENDED SIX MONTHS ENDED THREE MONTHS ENDED SIX MONTHS ENDED THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30 JUNE 30 JUNE 30 Derivatives designated as hedging instruments 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 Cash Flow Hedges Interest rate swap agreements $ — $ (1.1 ) $ — $ (1.6 ) Interest expense $ — $ — $ — $ — Other $ — $ 0.8 $ — $ 0.8 Foreign currency exchange contracts 8.3 1.7 (2.9 ) 1.9 Cost of sales (3.0 ) (1.2 ) (4.4 ) (1.5 ) Cost of sales — (0.1 ) — (0.1 ) $ 8.3 $ 0.6 $ (2.9 ) $ 0.3 $ (3.0 ) $ (1.2 ) $ (4.4 ) $ (1.5 ) $ — $ 0.7 $ — $ 0.7 Net Investment Hedges Foreign currency exchange contracts $ (0.5 ) $ — $ (0.5 ) $ 0.4 N/A $ — $ — $ — $ — N/A $ — $ — $ — $ — Total $ 7.8 $ 0.6 $ (3.4 ) $ 0.7 $ (3.0 ) $ (1.2 ) $ (4.4 ) $ (1.5 ) $ — $ 0.7 $ — $ 0.7 Amount of Gain or (Loss) Recognized in Income on Derivative THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30 Derivatives Not Designated as Hedging Instruments Location of Gain or (Loss) Recognized in Income on Derivative 2015 2014 2015 2014 Cash Flow Hedges Interest rate swap agreements Other $ 0.4 $ — $ (0.6 ) $ — Foreign currency exchange contracts Cost of sales 1.8 (1.9 ) (0.3 ) (4.8 ) Total $ 2.2 $ (1.9 ) $ (0.9 ) $ (4.8 )

Retirement Benefit Plans

Retirement Benefit Plans	6 Months Ended
Retirement Benefit Plans	Jun. 30, 2015
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	Retirement Benefit Plans The Company maintains various defined benefit pension plans that provide benefits based on years of service and average compensation during certain periods. The Company's policy is to make contributions to fund these plans within the range allowed by applicable regulations. Plan assets consist primarily of publicly traded stocks and government and corporate bonds. Pension benefits for employees covered under the Company's U.S. and U.K. plans are frozen. Only certain grandfathered employees in the Netherlands still earn retirement benefits under a defined benefit pension plan. All other eligible employees of the Company, including employees whose pension benefits are frozen, receive retirement benefits under defined contribution retirement plans. The Company previously disclosed in its Annual Report on Form 10-K for the year ended December 31, 2014 that it expected to contribute approximately $3.0 million to its non-U.S. pension plans in 2015. The Company now expects to contribute approximately $0.8 million to its non-U.S. pension plans in 2015. The components of pension (income) expense are set forth below: THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30 JUNE 30 2015 2014 2015 2014 U.S. Pension Service cost $ — $ — $ — $ — Interest cost 0.8 0.9 1.5 1.7 Expected return on plan assets (1.5 ) (1.5 ) (2.8 ) (2.9 ) Amortization of actuarial loss 0.4 0.3 0.8 0.7 Amortization of prior service credit (0.1 ) — (0.2 ) (0.1 ) Total $ (0.4 ) $ (0.3 ) $ (0.7 ) $ (0.6 ) Non-U.S. Pension Service cost $ 0.1 $ 0.6 $ 0.1 $ 1.2 Interest cost 1.4 1.8 2.8 3.6 Expected return on plan assets (2.5 ) (2.5 ) (4.8 ) (5.0 ) Amortization of actuarial loss 0.5 1.2 1.0 2.5 Amortization of transition liability 0.1 — 0.1 — Total $ (0.4 ) $ 1.1 $ (0.8 ) $ 2.3

Inventories

Inventories	6 Months Ended
Inventories	Jun. 30, 2015
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Inventories Inventories are summarized as follows: JUNE 30 DECEMBER 31 Finished goods and service parts $ 179.5 $ 179.4 Raw materials and work in process 208.9 211.2 Total manufactured inventories 388.4 390.6 LIFO reserve (45.5 ) (48.1 ) Total inventory $ 342.9 $ 342.5 The cost of certain manufactured inventories, including service parts, has been determined using the last-in-first-out (“LIFO”) method. At June 30, 2015 and December 31, 2014 , 51% and 52% , respectively, of total inventories were determined using the LIFO method. An actual valuation of inventory under the LIFO method can be made only at the end of the year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations must be based on management's estimates of expected year-end inventory levels and costs. Because these estimates are subject to change and may be different than the actual inventory levels and costs at the end of the year, interim results are subject to the final year-end LIFO inventory valuation.

Product Warranties

Product Warranties	6 Months Ended
Product Warranties	Jun. 30, 2015
Product Warranties Disclosures [Abstract]
Product Warranty Disclosure [Text Block]	Product Warranties The Company provides a standard warranty on its lift trucks, generally for twelve months or 1,000 to 2,000 hours . For certain components in some series of lift trucks, the Company provides a standard warranty of two to three years or 4,000 to 6,000 hours . The Company estimates the costs which may be incurred under its standard warranty programs and records a liability for such costs at the time product revenue is recognized. In addition, the Company sells separately-priced extended warranty agreements which generally provide a warranty for an additional two to five years or up to 2,400 to 10,000 hours . The specific terms and conditions of those warranties vary depending upon the product sold and the country in which the Company does business. Revenue received for the sale of extended warranty contracts is deferred and recognized in the same manner as the costs incurred to perform under the warranty contracts. The Company also maintains a quality enhancement program under which it provides for specifically identified field product improvements in its warranty obligation. Accruals under this program are determined based on estimates of the potential number of claims and the cost of those claims based on historical costs. The Company periodically assesses the adequacy of its recorded warranty liabilities and adjusts the amounts as necessary. Factors that affect the warranty liability include the number of units sold, historical and anticipated rates of warranty claims and the cost per claim. Changes in the Company's current and long-term warranty obligations, including deferred revenue on extended warranty contracts, are as follows: 2015 Balance at January 1 $ 51.1 Current year warranty expense 20.8 Change in estimate related to pre-existing warranties (3.4 ) Payments made (12.2 ) Foreign currency effect (1.0 ) Balance at June 30 $ 55.3

Contingencies

Contingencies	6 Months Ended
Contingencies	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Contingencies Various legal and regulatory proceedings and claims have been or may be asserted against the Company relating to the conduct of its businesses, including product liability, environmental and other claims. These proceedings and claims are incidental to the ordinary course of business. Management believes that it has meritorious defenses and will vigorously defend the Company in these actions. Any costs that management estimates will be paid as a result of these claims are accrued when the liability is considered probable and the amount can be reasonably estimated. Although the ultimate disposition of these proceedings is not presently determinable, management believes, after consultation with its legal counsel, that the likelihood is remote that costs will be incurred materially in excess of accruals already recognized.

Guarantees

Guarantees	6 Months Ended
Guarantees	Jun. 30, 2015
Guarantees [Abstract]
Schedule of Guarantor Obligations [Text Block]	Guarantees Under various financing arrangements for certain customers, including independent retail dealerships, the Company provides recourse or repurchase obligations such that it would be obligated in the event of default by the customer. Terms of the third-party financing arrangements for which the Company is providing recourse or repurchase obligations generally range from one to five years. Total amounts subject to recourse or repurchase obligations at June 30, 2015 and December 31, 2014 were $189.5 million and $176.1 million , respectively. As of June 30, 2015 , losses anticipated under the terms of the recourse or repurchase obligations were not significant and reserves have been provided for such losses based on historical experience in the accompanying unaudited condensed consolidated financial statements. The Company generally retains a security interest in the related assets financed such that, in the event the Company would become obligated under the terms of the recourse or repurchase obligations, the Company would take title to the assets financed. The fair value of collateral held at June 30, 2015 was approximately $231.7 million based on Company estimates. The Company estimates the fair value of the collateral using information regarding the original sales price, the current age of the equipment and general market conditions that influence the value of both new and used lift trucks. The Company also regularly monitors the external credit ratings of the entities for which it has provided recourse or repurchase obligations. As of June 30, 2015 , the Company did not believe there was a significant risk of non-payment or non-performance of the obligations by these entities; however, there can be no assurance that the risk may not increase in the future. In addition, the Company has an agreement with GECC to limit its exposure to losses at certain eligible dealers. Under this agreement, losses related to $46.5 million of recourse or repurchase obligations for these certain eligible dealers are limited to 7.5% of their original loan balance, or $8.3 million as of June 30, 2015 . The $46.5 million is included in the $189.5 million of total amounts subject to recourse or repurchase obligations at June 30, 2015 . Generally, the Company sells lift trucks through its independent dealer network or directly to customers. These dealers and customers may enter into a financing transaction with NFS or other unrelated third parties. NFS provides debt and lease financing to both dealers and customers. On occasion, the credit quality of a customer or credit concentration issues within GECC may require the Company to provide recourse or repurchase obligations of the lift trucks purchased by customers and financed through NFS. At June 30, 2015 , approximately $166.3 million of the Company's total recourse or repurchase obligations of $189.5 million related to transactions with NFS. In connection with the joint venture agreement, the Company also provides a guarantee to GECC for 20% of NFS’ debt with GECC, such that the Company would become liable under the terms of NFS’ debt agreements with GECC in the case of default by NFS. At June 30, 2015 , loans from GECC to NFS totaled $910.2 million . Although the Company’s contractual guarantee was $182.0 million , the loans by GECC to NFS are secured by NFS’ customer receivables, of which the Company guarantees $166.3 million . Excluding the NFS receivables guaranteed by the Company from NFS’ loans to GECC, the Company’s incremental obligation as a result of this guarantee to GECC is $156.4 million , which is secured by 20% of NFS' customer receivables and other secured assets of $224.3 million . NFS has not defaulted under the terms of this debt financing in the past, and although there can be no assurances, the Company is not aware of any circumstances that would cause NFS to default in future periods. The following table includes the exposure amounts related to the Company's guarantees at June 30, 2015 : NFS Total Total recourse or repurchase obligations $ 166.3 $ 189.5 Less: exposure limited for certain dealers 46.5 46.5 Plus: 7.5% of original loan balance 8.3 8.3 128.1 151.3 Incremental obligation related to guarantee to GECC 156.4 156.4 Total exposure related to guarantees $ 284.5 $ 307.7

Equity Investments

Equity Investments	6 Months Ended
Equity Investments	Jun. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments Disclosure [Text Block]	Equity Investments The Company maintains an interest in one variable interest entity, NFS. NFS is a joint venture with GECC formed primarily for the purpose of providing financial services to independent Hyster ® and Yale ® lift truck dealers and National Account customers in the United States and is included in the Americas segment. The Company does not have a controlling financial interest or have the power to direct the activities that most significantly affect the economic performance of NFS. Therefore, the Company has concluded that the Company is not the primary beneficiary and uses the equity method to account for its 20% interest in NFS. The Company does not consider its variable interest in NFS to be significant. The Company has a 50% ownership interest in SN, a limited liability company which was formed primarily to manufacture and distribute Sumitomo-branded lift trucks in Japan and export Hyster ® - and Yale ® -branded lift trucks and related components and service parts outside of Japan. The Company purchases products from SN under normal trade terms based on current market prices. The Company's ownership in SN is also accounted for using the equity method of accounting and is included in the Asia-Pacific segment. The Company's percentage share of the net income or loss from its equity investments in NFS and SN is reported on the line “Income from unconsolidated affiliates” in the “Other (income) expense” section of the unaudited condensed consolidated statements of operations. The Company's equity investments are included on the line “Investment in Unconsolidated Affiliates” in the unaudited condensed consolidated balance sheets. At June 30, 2015 and December 31, 2014 , the Company's investment in NFS was $12.9 million and $13.5 million , respectively. The Company's investment in SN was $25.9 million and $26.1 million at June 30, 2015 and December 31, 2014 , respectively. Summarized financial information for these two equity investments is as follows: THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30 JUNE 30 2015 2014 2015 2014 Revenues $ 79.5 $ 94.3 $ 157.0 $ 170.2 Gross profit $ 23.2 $ 29.3 $ 48.4 $ 51.3 Income from continuing operations $ 4.8 $ 5.6 $ 10.0 $ 10.0 Net income $ 4.8 $ 5.6 $ 10.0 $ 10.0

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
Basis of Presentation (Policies)	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Use of Estimates, Policy [Policy Text Block]	These financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the financial position of the Company as of June 30, 2015 and the results of its operations for the three and six months ended June 30, 2015 and 2014 and the results of its cash flows and changes in equity for the six months ended June 30, 2015 and 2014 have been included. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2014 . The accompanying unaudited condensed consolidated balance sheet at December 31, 2014 has been derived from the audited financial statements at that date but does not include all of the information or notes required by U.S. generally accepted accounting principles for complete financial statements.

Recently Issued Accounting St22

Recently Issued Accounting Standards Recently Issued Accounting Standards (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Standard Description ASU No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity The guidance changes the criteria for reporting discontinued operations to only those disposals which represent a strategic shift in operations. In addition, the new guidance requires expanded disclosures about discontinued operations, including pre-tax income attributable to a disposal of a significant part of an organization that does not qualify for discontinued operations reporting.
Description of New Accounting Pronouncements Not yet Adopted [Policy Text Block]	Standard Description Date of Adoption Effect on the financial statements or other significant matters ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) The new guidance is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new guidance also requires additional disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. January 1, 2018 The Company is currently evaluating the alternative methods of adoption and the effect on its financial position, results of operations, cash flows and related disclosures. ASU No. 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern The guidance requires management to evaluate whether there are conditions and events that raise substantial doubt about the entity's ability to continue as a going concern within one year after the financial statements are issued. December 31, 2016 The Company does not expect the adoption of the guidance to have a material effect on its financial position, results of operations, cash flows or related disclosures. ASU No. 2015-03, Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs The guidance is intended to simplify the presentation of debt issuance costs. The guidance requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. January 1, 2016 The Company does not expect the adoption of the guidance to have a material effect on its financial position, results of operations, cash flows or related disclosures. ASU No. 2015-05, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer's Accounting for Fees Paid in a Cloud Computing Arrangement The guidance clarifies the accounting for cloud computing arrangements including a software license and cloud computing arrangements that do not include a software license that should be accounted for as a service contract. January 1, 2016 The Company is currently evaluating the effect of adoption on its financial position, results of operations, cash flows and related disclosures.

Financial Instruments and Der23

Financial Instruments and Derivative Financial Instruments (Policies)	6 Months Ended
	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives, Policy [Policy Text Block]	Certain of the Company's forward foreign currency contracts were designated as net investment hedges of the Company's net investment in its foreign subsidiaries. For derivative instruments that were designated and qualified as a hedge of a net investment in foreign currency, the gain or loss was reported in other comprehensive income as part of the cumulative translation adjustment to the extent it was effective, with the related amounts due to or from counterparties included in other liabilities or other assets. The Company utilizes the forward-rate method of assessing hedge effectiveness. Any ineffective portion of net investment hedges would be recognized in the unaudited condensed consolidated statement of operations in the same period as the change. The Company periodically enters into foreign currency exchange contracts that do not meet the criteria for hedge accounting. These derivatives are used to reduce the Company's exposure to foreign currency risk related to forecasted purchase or sales transactions or forecasted intercompany cash payments or settlements. Gains and losses on these derivatives are generally recognized in cost of sales. The Company does not currently hold any nonderivative instruments designated as hedges or any derivatives designated as fair value hedges. The Company has interest rate swap agreements that do not meet the criteria for hedge accounting. The terms of the interest rate swap agreements require the Company to receive a variable interest rate based upon the three-month LIBOR and pay a fixed interest rate. Changes in the fair value of interest rate swap agreements are immediately recognized in earnings and included on the line “Other” in the “Other (income) expense” section of the unaudited condensed consolidated statements of operations. Cash flows from hedging activities are reported in the unaudited condensed consolidated statements of cash flows with the same classification as the hedged item, generally as a component of cash flows from operations. The Company measures its derivatives at fair value on a recurring basis using significant observable inputs. This valuation methodology is Level 2 as defined in the fair value hierarchy. The Company uses a present value technique that incorporates the yield curves and foreign currency spot rates to value its derivatives and also incorporates the effect of the Company's and its counterparties' credit risk into the valuation.

Product Warranties (Policies)

Product Warranties (Policies)	6 Months Ended
Product Warranties (Policies)	Jun. 30, 2015
Product Liability Contingency [Line Items]
Standard Product Warranty, Policy [Policy Text Block]	The Company provides a standard warranty on its lift trucks, generally for twelve months or 1,000 to 2,000 hours . For certain components in some series of lift trucks, the Company provides a standard warranty of two to three years or 4,000 to 6,000 hours . The Company estimates the costs which may be incurred under its standard warranty programs and records a liability for such costs at the time product revenue is recognized.
Extended Product Warranty, Policy [Policy Text Block]	In addition, the Company sells separately-priced extended warranty agreements which generally provide a warranty for an additional two to five years or up to 2,400 to 10,000 hours . The specific terms and conditions of those warranties vary depending upon the product sold and the country in which the Company does business. Revenue received for the sale of extended warranty contracts is deferred and recognized in the same manner as the costs incurred to perform under the warranty contracts.

Equity Investments (Policies)

Equity Investments (Policies)	6 Months Ended
Equity Investments (Policies)	Jun. 30, 2015
Consolidation, Variable Interest Entity, Policy [Policy Text Block]	The Company maintains an interest in one variable interest entity, NFS. NFS is a joint venture with GECC formed primarily for the purpose of providing financial services to independent Hyster ® and Yale ® lift truck dealers and National Account customers in the United States and is included in the Americas segment. The Company does not have a controlling financial interest or have the power to direct the activities that most significantly affect the economic performance of NFS. Therefore, the Company has concluded that the Company is not the primary beneficiary and uses the equity method to account for its 20% interest in NFS. The Company does not consider its variable interest in NFS to be significant.

Recently Issued Accounting St26

Recently Issued Accounting Standards Recently Issued Accounting Standards (Tables)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	Standard Description ASU No. 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity The guidance changes the criteria for reporting discontinued operations to only those disposals which represent a strategic shift in operations. In addition, the new guidance requires expanded disclosures about discontinued operations, including pre-tax income attributable to a disposal of a significant part of an organization that does not qualify for discontinued operations reporting. The following table provides a brief description of recent accounting pronouncements not yet adopted: Standard Description Date of Adoption Effect on the financial statements or other significant matters ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) The new guidance is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new guidance also requires additional disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. January 1, 2018 The Company is currently evaluating the alternative methods of adoption and the effect on its financial position, results of operations, cash flows and related disclosures. ASU No. 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern The guidance requires management to evaluate whether there are conditions and events that raise substantial doubt about the entity's ability to continue as a going concern within one year after the financial statements are issued. December 31, 2016 The Company does not expect the adoption of the guidance to have a material effect on its financial position, results of operations, cash flows or related disclosures. ASU No. 2015-03, Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs The guidance is intended to simplify the presentation of debt issuance costs. The guidance requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. January 1, 2016 The Company does not expect the adoption of the guidance to have a material effect on its financial position, results of operations, cash flows or related disclosures. ASU No. 2015-05, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer's Accounting for Fees Paid in a Cloud Computing Arrangement The guidance clarifies the accounting for cloud computing arrangements including a software license and cloud computing arrangements that do not include a software license that should be accounted for as a service contract. January 1, 2016 The Company is currently evaluating the effect of adoption on its financial position, results of operations, cash flows and related disclosures.

Business Segments (Tables)

Business Segments (Tables)	6 Months Ended
Business Segments (Tables)	Jun. 30, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Financial information for each reportable segment is presented in the following table: THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30 JUNE 30 2015 2014 2015 2014 Revenues from external customers Americas $ 463.9 $ 440.8 $ 879.8 $ 897.7 Europe 146.2 184.2 303.8 353.2 Asia-Pacific 48.2 59.7 95.8 109.8 Lift truck business 658.3 684.7 1,279.4 1,360.7 Nuvera 0.4 — 1.6 — Total $ 658.7 $ 684.7 $ 1,281.0 $ 1,360.7 Gross profit (loss) Americas $ 79.9 $ 67.5 $ 146.9 $ 143.5 Europe 25.1 34.9 54.9 64.9 Asia-Pacific 6.0 4.9 12.9 10.6 Lift truck business 111.0 107.3 214.7 219.0 Nuvera (0.4 ) — (1.2 ) — Total $ 110.6 $ 107.3 $ 213.5 $ 219.0 Operating profit (loss) Americas $ 31.2 $ 37.9 $ 48.4 $ 63.6 Europe 3.3 10.8 12.0 17.1 Asia-Pacific (1.3 ) (1.0 ) (0.2 ) (1.4 ) Lift truck business 33.2 47.7 60.2 79.3 Nuvera (5.9 ) — (11.9 ) — Total $ 27.3 $ 47.7 $ 48.3 $ 79.3 Net income (loss) attributable to stockholders Americas $ 24.4 $ 24.7 $ 33.6 $ 41.9 Europe 2.6 8.8 9.9 13.8 Asia-Pacific (0.8 ) (0.6 ) 0.2 (0.7 ) Lift truck business 26.2 32.9 43.7 55.0 Nuvera (3.5 ) — (7.1 ) — Total $ 22.7 $ 32.9 $ 36.6 $ 55.0

Reclassifications Out Of Accu28

Reclassifications Out Of Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2015
Reclassifications Out of Accumulated Other Comprehensive Income (Loss) [Abstract]
Reclassifications Out Of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following table summarizes reclassifications out of accumulated other comprehensive income (loss) ("OCI") as recorded in the unaudited condensed consolidated statements of operations: Details about OCI Components Amount Reclassified from OCI Affected Line Item in the Statement Where Net Income Is Presented THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30 JUNE 30 2015 2014 2015 2014 Gain (loss) on cash flow hedges: Interest rate contracts $ — $ 0.8 $ — $ 0.8 Other Foreign exchange contracts (3.0 ) (1.3 ) (4.4 ) (1.6 ) Cost of sales Total before tax (3.0 ) (0.5 ) (4.4 ) (0.8 ) Income before income taxes Tax (provision) benefit 1.8 (0.1 ) 3.2 (0.1 ) Income tax provision Net of tax $ (1.2 ) $ (0.6 ) $ (1.2 ) $ (0.9 ) Net income Amortization of defined benefit pension items: Actuarial loss $ (0.9 ) $ (1.5 ) $ (1.8 ) $ (3.2 ) (a) Prior service credit 0.1 — 0.2 0.1 (a) Transition liability (0.1 ) — (0.1 ) — (a) Total before tax (0.9 ) (1.5 ) (1.7 ) (3.1 ) Income before income taxes Tax benefit 0.3 0.4 0.5 0.8 Income tax provision Net of tax $ (0.6 ) $ (1.1 ) $ (1.2 ) $ (2.3 ) Net income Total reclassifications for the period $ (1.8 ) $ (1.7 ) $ (2.4 ) $ (3.2 ) (a) These OCI components are included in the computation of net pension cost (see Note 7 for additional details).

Financial Instruments and Der29

Financial Instruments and Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2015
Derivative [Line Items]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	The following table summarizes the fair value of derivative instruments reflected on a gross basis by contract as recorded in the unaudited condensed consolidated balance sheets: Asset Derivatives Liability Derivatives Balance Sheet Location JUNE 30 DECEMBER 31 Balance Sheet Location JUNE 30 DECEMBER 31 Derivatives designated as hedging instruments Cash Flow Hedges Foreign currency exchange contracts Current Prepaid expenses and other $ 8.8 $ 4.6 Prepaid expenses and other $ 7.7 $ 2.4 Other current liabilities 1.3 3.5 Other current liabilities 6.4 8.8 Long-term Other non-current assets 1.2 0.9 Other long-term liabilities 0.9 3.1 Total derivatives designated as hedging instruments $ 11.3 $ 9.0 $ 15.0 $ 14.3 Derivatives not designated as hedging instruments Cash Flow Hedges Interest rate swap agreements Current Other current liabilities $ — $ — Other current liabilities $ 1.0 $ 1.0 Long-term Other non-current assets 0.6 1.3 Other long-term liabilities — — Foreign currency exchange contracts Current Prepaid expenses and other 2.0 4.3 Prepaid expenses and other 0.8 2.7 Other current liabilities 0.9 0.6 Other current liabilities 4.5 2.5 Total derivatives not designated as hedging instruments $ 3.5 $ 6.2 $ 6.3 $ 6.2 Total derivatives $ 14.8 $ 15.2 $ 21.3 $ 20.5
Schedule of Derivative Instruments in the Statement of Financial Position by Counterparty [Table Text Block]	The following table summarizes the offsetting of the fair value of derivative instruments on a gross basis by counterparty at June 30, 2015 and December 31, 2014 as recorded in the unaudited condensed consolidated balance sheets: Derivative Assets as of June 30, 2015 Derivative Liabilities as of June 30, 2015 Gross Amounts of Recognized Assets Gross Amounts Offset Net Amounts Presented Net Amount Gross Amounts of Recognized Liabilities Gross Amounts Offset Net Amounts Presented Net Amount Cash Flow Hedges Interest rate swap agreements $ 0.6 $ (0.6 ) $ — $ — $ 1.0 $ (0.6 ) $ 0.4 $ 0.4 Foreign currency exchange contracts 3.5 (3.5 ) — — 9.6 (3.5 ) 6.1 6.1 Total derivatives $ 4.1 $ (4.1 ) $ — $ — $ 10.6 $ (4.1 ) $ 6.5 $ 6.5 Derivative Assets as of December 31, 2014 Derivative Liabilities as of December 31, 2014 Gross Amounts of Recognized Assets Gross Amounts Offset Net Amounts Presented Net Amount Gross Amounts of Recognized Liabilities Gross Amounts Offset Net Amounts Presented Net Amount Cash Flow Hedges Interest rate swap agreements $ 1.3 $ (1.0 ) $ 0.3 $ 0.3 $ 1.0 $ (1.0 ) $ — $ — Foreign currency exchange contracts 4.7 (4.7 ) — — 10.3 (4.7 ) 5.6 5.6 Total derivatives $ 6.0 $ (5.7 ) $ 0.3 $ 0.3 $ 11.3 $ (5.7 ) $ 5.6 $ 5.6
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]	The following table summarizes the pre-tax impact of derivative instruments for the three and six months ended June 30, 2015 and 2014 as recorded in the unaudited condensed consolidated statements of operations: Amount of Gain or (Loss) Recognized in OCI on Derivative (Effective Portion) Location of Gain or (Loss) Reclassified from OCI into Income (Effective Portion) Amount of Gain or (Loss) Reclassified from OCI into Income (Effective Portion) Location of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) Amount of Gain or (Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing) THREE MONTHS ENDED SIX MONTHS ENDED THREE MONTHS ENDED SIX MONTHS ENDED THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30 JUNE 30 JUNE 30 Derivatives designated as hedging instruments 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 Cash Flow Hedges Interest rate swap agreements $ — $ (1.1 ) $ — $ (1.6 ) Interest expense $ — $ — $ — $ — Other $ — $ 0.8 $ — $ 0.8 Foreign currency exchange contracts 8.3 1.7 (2.9 ) 1.9 Cost of sales (3.0 ) (1.2 ) (4.4 ) (1.5 ) Cost of sales — (0.1 ) — (0.1 ) $ 8.3 $ 0.6 $ (2.9 ) $ 0.3 $ (3.0 ) $ (1.2 ) $ (4.4 ) $ (1.5 ) $ — $ 0.7 $ — $ 0.7 Net Investment Hedges Foreign currency exchange contracts $ (0.5 ) $ — $ (0.5 ) $ 0.4 N/A $ — $ — $ — $ — N/A $ — $ — $ — $ — Total $ 7.8 $ 0.6 $ (3.4 ) $ 0.7 $ (3.0 ) $ (1.2 ) $ (4.4 ) $ (1.5 ) $ — $ 0.7 $ — $ 0.7 Amount of Gain or (Loss) Recognized in Income on Derivative THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30 Derivatives Not Designated as Hedging Instruments Location of Gain or (Loss) Recognized in Income on Derivative 2015 2014 2015 2014 Cash Flow Hedges Interest rate swap agreements Other $ 0.4 $ — $ (0.6 ) $ — Foreign currency exchange contracts Cost of sales 1.8 (1.9 ) (0.3 ) (4.8 ) Total $ 2.2 $ (1.9 ) $ (0.9 ) $ (4.8 )

Retirement Benefit Plans (Table

Retirement Benefit Plans (Tables)	6 Months Ended
Retirement Benefit Plans (Tables)	Jun. 30, 2015
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]
Schedule of Costs of Retirement Plans [Table Text Block]	The components of pension (income) expense are set forth below: THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30 JUNE 30 2015 2014 2015 2014 U.S. Pension Service cost $ — $ — $ — $ — Interest cost 0.8 0.9 1.5 1.7 Expected return on plan assets (1.5 ) (1.5 ) (2.8 ) (2.9 ) Amortization of actuarial loss 0.4 0.3 0.8 0.7 Amortization of prior service credit (0.1 ) — (0.2 ) (0.1 ) Total $ (0.4 ) $ (0.3 ) $ (0.7 ) $ (0.6 ) Non-U.S. Pension Service cost $ 0.1 $ 0.6 $ 0.1 $ 1.2 Interest cost 1.4 1.8 2.8 3.6 Expected return on plan assets (2.5 ) (2.5 ) (4.8 ) (5.0 ) Amortization of actuarial loss 0.5 1.2 1.0 2.5 Amortization of transition liability 0.1 — 0.1 — Total $ (0.4 ) $ 1.1 $ (0.8 ) $ 2.3

Inventories (Tables)

Inventories (Tables)	6 Months Ended
Inventories (Tables)	Jun. 30, 2015
Schedule of Inventory, Current [Table Text Block]	Inventories are summarized as follows: JUNE 30 DECEMBER 31 Finished goods and service parts $ 179.5 $ 179.4 Raw materials and work in process 208.9 211.2 Total manufactured inventories 388.4 390.6 LIFO reserve (45.5 ) (48.1 ) Total inventory $ 342.9 $ 342.5

Product Warranties (Tables)

Product Warranties (Tables)	6 Months Ended
Product Warranties (Tables)	Jun. 30, 2015
Product Liability Contingency [Line Items]
Schedule of Product Warranty Liability [Table Text Block]	Changes in the Company's current and long-term warranty obligations, including deferred revenue on extended warranty contracts, are as follows: 2015 Balance at January 1 $ 51.1 Current year warranty expense 20.8 Change in estimate related to pre-existing warranties (3.4 ) Payments made (12.2 ) Foreign currency effect (1.0 ) Balance at June 30 $ 55.3

Guarantees (Tables)

Guarantees (Tables)	6 Months Ended
Guarantees (Tables)	Jun. 30, 2015
Guarantees [Abstract]
Schedule of Guarantor Obligations [Table Text Block]	The following table includes the exposure amounts related to the Company's guarantees at June 30, 2015 : NFS Total Total recourse or repurchase obligations $ 166.3 $ 189.5 Less: exposure limited for certain dealers 46.5 46.5 Plus: 7.5% of original loan balance 8.3 8.3 128.1 151.3 Incremental obligation related to guarantee to GECC 156.4 156.4 Total exposure related to guarantees $ 284.5 $ 307.7

Equity Investments (Tables)

Equity Investments (Tables)	6 Months Ended
Equity Investments (Tables)	Jun. 30, 2015
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments [Table Text Block]	Summarized financial information for these two equity investments is as follows: THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30 JUNE 30 2015 2014 2015 2014 Revenues $ 79.5 $ 94.3 $ 157.0 $ 170.2 Gross profit $ 23.2 $ 29.3 $ 48.4 $ 51.3 Income from continuing operations $ 4.8 $ 5.6 $ 10.0 $ 10.0 Net income $ 4.8 $ 5.6 $ 10.0 $ 10.0

Basis of Presentation (Details)

Basis of Presentation (Details)	Jun. 30, 2015
NFS [Member]
Equity Method Investment, Ownership Percentage	20.00%
SN [Member]
Equity Method Investment, Ownership Percentage	50.00%
Shanghai Hyster Forklift Ltd. [Member]
Noncontrolling Interest, Ownership Percentage by Parent	75.00%

Business Segments (Details)

Business Segments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Business Segments (Details) - USD ($) $ in Millions	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Revenues	$ 658.7	$ 684.7	$ 1,281	$ 1,360.7
Gross profit (loss)	110.6	107.3	213.5	219
Operating profit (loss)	27.3	47.7	48.3	79.3
Net income (loss) attributable to stockholders	22.7	32.9	36.6	55
Americas [Member]
Segment Reporting Information [Line Items]
Revenues	463.9	440.8	879.8	897.7
Gross profit (loss)	79.9	67.5	146.9	143.5
Operating profit (loss)	31.2	37.9	48.4	63.6
Net income (loss) attributable to stockholders	24.4	24.7	33.6	41.9
Europe [Member]
Segment Reporting Information [Line Items]
Revenues	146.2	184.2	303.8	353.2
Gross profit (loss)	25.1	34.9	54.9	64.9
Operating profit (loss)	3.3	10.8	12	17.1
Net income (loss) attributable to stockholders	2.6	8.8	9.9	13.8
Asia-Pacific [Member]
Segment Reporting Information [Line Items]
Revenues	48.2	59.7	95.8	109.8
Gross profit (loss)	6	4.9	12.9	10.6
Operating profit (loss)	(1.3)	(1)	(0.2)	(1.4)
Net income (loss) attributable to stockholders	(0.8)	(0.6)	0.2	(0.7)
Lift truck business [Member]
Segment Reporting Information [Line Items]
Revenues	658.3	684.7	1,279.4	1,360.7
Gross profit (loss)	111	107.3	214.7	219
Operating profit (loss)	33.2	47.7	60.2	79.3
Net income (loss) attributable to stockholders	26.2	32.9	43.7	55
Nuvera [Member]
Segment Reporting Information [Line Items]
Revenues	0.4	0	1.6	0
Gross profit (loss)	(0.4)	0	(1.2)	0
Operating profit (loss)	(5.9)	0	(11.9)	0
Net income (loss) attributable to stockholders	$ (3.5)	$ 0	$ (7.1)	$ 0

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Millions	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	16.80%	32.20%	21.90%	31.40%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			35.00%
Other Tax Expense (Benefit)			$ 3.7

Reclassifications Out Of Accu38

Reclassifications Out Of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax		$ (3)	$ (0.5)	$ (4.4)	$ (0.8)
Derivative Instruments, Gain (Loss) Reclassified From Accumulated OCI into Income, Effective Portion, Tax		1.8	(0.1)	3.2	(0.1)
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax		(1.2)	(0.6)	(1.2)	(0.9)
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, before Tax	[1]	(0.9)	(1.5)	(1.8)	(3.2)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost (Credit) Arising During Period, before Tax	[1]	0.1	0	0.2	0.1
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, before Tax		(0.9)	(1.5)	(1.7)	(3.1)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax		0.3	0.4	0.5	0.8
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Net of Tax		(0.6)	(1.1)	(1.2)	(2.3)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Transition Asset (Obligation), before Tax	[1]	(0.1)	0	(0.1)	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax		(1.8)	(1.7)	(2.4)	(3.2)
Other Expense [Member] \| Interest Rate Contract [Member]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax		0	0.8	$ 0	0.8
Description of Location of Gain (Loss) on Interest Rate Derivative on Income Statement				Other
Cost of Sales [Member] \| Foreign Exchange Contract [Member]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax		$ (3)	$ (1.3)	$ (4.4)	$ (1.6)
Description of Location of Gain (Loss) on Foreign Currency Derivative in Financial Statements				Cost of sales
Gross Pension Costs Reclassified to Net Income [Member]
Pension and Postretirement Plans, Income Statement Location of Net Periodic Pension Expense Reclassified from Accumulated OCI				(a)
Income Before Taxes [Member]
Derivative Instruments, Income Statement Location of Gain (Loss) Reclassified from Accumulated OCI				Income before income taxes
Pension and Postretirement Plans, Income Statement Location of Net Periodic Pension Expense Reclassified from Accumulated OCI				Income before income taxes
Tax (Expense) Benefit [Member]
Derivative Instruments, Income Statement Location of Gain (Loss) Reclassified from Accumulated OCI				Income tax provision
Pension and Postretirement Plans, Income Statement Location of Net Periodic Pension Expense Reclassified from Accumulated OCI				Income tax provision
Net Income (Loss) [Member]
Derivative Instruments, Income Statement Location of Gain (Loss) Reclassified from Accumulated OCI				Net income
Pension and Postretirement Plans, Income Statement Location of Net Periodic Pension Expense Reclassified from Accumulated OCI				Net income

[1]	(a) These OCI components are included in the computation of net pension cost (see Note 7 for additional details).

Financial Instruments and Der39

Financial Instruments and Derivative Financial Instruments (Balance Sheet) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Derivative Instruments in Hedges, Assets, at Fair Value	$ 11.3	$ 9
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	3.5	6.2
Derivative Asset, Fair Value, Gross Asset	14.8	15.2
Derivative Instruments in Hedges, Liabilities, at Fair Value	15	14.3
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	6.3	6.2
Derivative Liability, Fair Value, Gross Liability	21.3	20.5
Designated as Hedging Instrument [Member] \| Prepaid expenses and other [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Asset at Fair Value	8.8	4.6
Foreign Currency Cash Flow Hedge Liability at Fair Value	7.7	2.4
Designated as Hedging Instrument [Member] \| Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Asset at Fair Value	1.3	3.5
Foreign Currency Cash Flow Hedge Liability at Fair Value	6.4	8.8
Designated as Hedging Instrument [Member] \| Other Noncurrent Assets [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Asset at Fair Value	1.2	0.9
Designated as Hedging Instrument [Member] \| Other Noncurrent Liabilities [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Liability at Fair Value	0.9	3.1
Not Designated as Hedging Instrument [Member] \| Prepaid expenses and other [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Asset at Fair Value	2	4.3
Foreign Currency Cash Flow Hedge Liability at Fair Value	0.8	2.7
Not Designated as Hedging Instrument [Member] \| Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Interest Rate Cash Flow Hedge Asset at Fair Value	0	0
Foreign Currency Cash Flow Hedge Asset at Fair Value	0.9	0.6
Interest Rate Cash Flow Hedge Liability at Fair Value	1	1
Foreign Currency Cash Flow Hedge Liability at Fair Value	4.5	2.5
Not Designated as Hedging Instrument [Member] \| Other Noncurrent Assets [Member]
Derivatives, Fair Value [Line Items]
Interest Rate Cash Flow Hedge Asset at Fair Value	0.6	1.3
Not Designated as Hedging Instrument [Member] \| Other Noncurrent Liabilities [Member]
Derivatives, Fair Value [Line Items]
Interest Rate Cash Flow Hedge Liability at Fair Value	$ 0	$ 0

Financial Instruments and Der40

Financial Instruments and Derivative Financial Instruments (Offsetting) (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset by Counterparty	$ 4.1	$ 6
Derivative Asset, Fair Value, Amount Offset Against Collateral	(4.1)	(5.7)
Derivative Assets	0	0.3
Derivative Liability, Fair Value, Gross Liability by Counterparty	10.6	11.3
Derivative Liability, Fair Value, Amount Offset Against Collateral	(4.1)	(5.7)
Derivative Liabilities	6.5	5.6
Cash Flow Hedging [Member] \| Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset by Counterparty	0.6	1.3
Derivative Asset, Fair Value, Amount Offset Against Collateral	(0.6)	(1)
Derivative Assets	0	0.3
Derivative Liability, Fair Value, Gross Liability by Counterparty	1	1
Derivative Liability, Fair Value, Amount Offset Against Collateral	(0.6)	(1)
Derivative Liabilities	0.4	0
Cash Flow Hedging [Member] \| Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset by Counterparty	3.5	4.7
Derivative Asset, Fair Value, Amount Offset Against Collateral	(3.5)	(4.7)
Derivative Assets	0	0
Derivative Liability, Fair Value, Gross Liability by Counterparty	9.6	10.3
Derivative Liability, Fair Value, Amount Offset Against Collateral	(3.5)	(4.7)
Derivative Liabilities	$ 6.1	$ 5.6

Financial Instruments and Der41

Financial Instruments and Derivative Financial Instruments (Income Statement) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	$ 7.8	$ 0.6	$ (3.4)	$ 0.7
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(3)	(1.2)	(4.4)	(1.5)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	0	0.7	0	0.7
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	2.2	(1.9)	$ (0.9)	(4.8)
Interest Rate Contract [Member] \| Other Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Description of Location of Gain (Loss) on Interest Rate Derivative on Income Statement			Other
Description of Location of Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments in Financial Statements			Other
Foreign Exchange Contract [Member] \| Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Description of Location of Gain (Loss) on Foreign Currency Derivative in Financial Statements			Cost of sales
Description of Location of Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments in Financial Statements			Cost of sales
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	8.3	0.6	$ (2.9)	0.3
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(3)	(1.2)	(4.4)	(1.5)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	0	0.7	0	0.7
Cash Flow Hedging [Member] \| Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	0	(1.1)	0	(1.6)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	0	0	0	0
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	0	0.8	0	0.8
Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments	0.4	0	$ (0.6)	0
Cash Flow Hedging [Member] \| Interest Rate Contract [Member] \| Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Description of Location of Gain (Loss) on Interest Rate Derivative on Income Statement			Interest expense
Cash Flow Hedging [Member] \| Interest Rate Contract [Member] \| Other Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Description of Location of Gain (Loss) on Interest Rate Derivative on Income Statement			Other
Cash Flow Hedging [Member] \| Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	8.3	1.7	$ (2.9)	1.9
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(3)	(1.2)	(4.4)	(1.5)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	0	(0.1)	0	(0.1)
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	1.8	(1.9)	$ (0.3)	(4.8)
Cash Flow Hedging [Member] \| Foreign Exchange Contract [Member] \| Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Description of Location of Gain (Loss) on Foreign Currency Derivative in Financial Statements			Cost of sales
Net Investment Hedging [Member] \| Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	(0.5)	0	$ (0.5)	0.4
Description of Location of Gain (Loss) on Net Investment Hedges in Financial Statements			N/A
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	0	0	$ 0	0
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	$ 0	$ 0	$ 0	$ 0

Financial Instruments and Der42

Financial Instruments and Derivative Financial Instruments (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Derivative [Line Items]
Long-term Debt	$ 35.6	$ 19.2
Long-term Debt, Fair Value	$ 35.6	19.2
Discussion of Objectives for Using Foreign Currency Derivative Instruments	The Company uses forward foreign currency exchange contracts to partially reduce risks related to transactions denominated in foreign currencies. These contracts hedge firm commitments and forecasted transactions relating to cash flows associated with sales and purchases denominated in non-functional currencies. The Company offsets fair value amounts related to foreign currency exchange contracts executed with the same counterparty. Changes in the fair value of forward foreign currency exchange contracts that are effective as hedges are recorded in OCI. Deferred gains or losses are reclassified from OCI to the unaudited condensed consolidated statements of operations in the same period as the gains or losses from the underlying transactions are recorded and are generally recognized in cost of sales. The ineffective portion of derivatives that are classified as hedges is immediately recognized in earnings and is also generally recognized in cost of sales.
Objectives for Using Net Investment Hedging Instruments	Certain of the Company's forward foreign currency contracts were designated as net investment hedges of the Company's net investment in its foreign subsidiaries. For derivative instruments that were designated and qualified as a hedge of a net investment in foreign currency, the gain or loss was reported in other comprehensive income as part of the cumulative translation adjustment to the extent it was effective, with the related amounts due to or from counterparties included in other liabilities or other assets. The Company utilizes the forward-rate method of assessing hedge effectiveness. Any ineffective portion of net investment hedges would be recognized in the unaudited condensed consolidated statement of operations in the same period as the change.
Discussion of Objectives for Using Interest Rate Derivative Instruments	The Company has interest rate swap agreements that do not meet the criteria for hedge accounting. The terms of the interest rate swap agreements require the Company to receive a variable interest rate based upon the three-month LIBOR and pay a fixed interest rate. Changes in the fair value of interest rate swap agreements are immediately recognized in earnings and included on the line “Other” in the “Other (income) expense” section of the unaudited condensed consolidated statements of operations.
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 4
Interest Rate Derivatives, at Fair Value, Net	(0.4)	0.3
Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative, Notional Amount	682.8	510.8
Derivative, Fair Value, Net	6.1	$ 5.6
Interest Rate Contract [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 100

Retirement Benefit Plans (Detai

Retirement Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
Retirement Benefit Plans (Details) - USD ($) $ in Millions	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
United States Pension Plans of US Entity, Defined Benefit [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 0	$ 0	$ 0	$ 0
Interest cost	0.8	0.9	1.5	1.7
Expected return on plan assets	(1.5)	(1.5)	(2.8)	(2.9)
Amortization of actuarial loss	0.4	0.3	0.8	0.7
Amortization of prior service credit	(0.1)	0	(0.2)	(0.1)
Total	(0.4)	(0.3)	(0.7)	(0.6)
Foreign Pension Plans, Defined Benefit [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Estimated Future Employer Contributions in Next Fiscal Year					$ 3
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year			0.8
Service cost	0.1	0.6	0.1	1.2
Interest cost	1.4	1.8	2.8	3.6
Expected return on plan assets	(2.5)	(2.5)	(4.8)	(5)
Amortization of actuarial loss	0.5	1.2	1	2.5
Defined Benefit Plan, Amortization of Transition Obligations (Assets)	0.1	0	0.1	0
Total	$ (0.4)	$ 1.1	$ (0.8)	$ 2.3

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Finished goods and service parts	$ 179.5	$ 179.4
Raw materials and work in process	208.9	211.2
Total manufactured inventories	388.4	390.6
LIFO reserve	(45.5)	(48.1)
Total inventory	$ 342.9	$ 342.5
Percentage of LIFO Inventory	51.00%	52.00%

Product Warranties (Details)

Product Warranties (Details) - USD ($) $ in Millions	6 Months Ended
Product Warranties (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Product Liability Contingency [Line Items]
Product Warranty Accrual	$ 55.3	$ 51.1
Product Warranties Issued	20.8
Product Warranty Accrual, Preexisting, Increase (Decrease)	(3.4)
Product Warranties Payments	(12.2)
Product Warranties Currency Translation, Increase (Decrease)	$ (1)
Standard warranty [Member]
Product Liability Contingency [Line Items]
Standard Product Warranty Description	twelve months or 1,000 to 2,000 hours
Additional Component Standard Warranty [Member]
Product Liability Contingency [Line Items]
Standard Product Warranty Description	two to three years or 4,000 to 6,000 hours
Extended warranty [Member]
Product Liability Contingency [Line Items]
Extended Product Warranty Description	two to five years or up to 2,400 to 10,000 hours

Guarantees (Details)

Guarantees (Details) - USD ($) $ in Millions	6 Months Ended
Guarantees (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Guarantor Obligations [Line Items]
Guarantor Obligations, Term	Terms of the third-party financing arrangements for which the Company is providing recourse or repurchase obligations generally range from one to five years.
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 189.5	$ 176.1
Guarantor Obligations, Collateral Held Directly or by Third Parties	$ 231.7
Percentage of loan losses guaranteed	7.50%
Loan losses guaranteed	$ 8.3
Net guarantee of outstanding debt	151.3
Guarantor Obligations, Related Party Disclosures	166.3
Guarantees, Fair Value Disclosure	307.7
Property Lease Guarantee [Member]
Guarantor Obligations [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	46.5
Financial Guarantee [Member]
Guarantor Obligations [Line Items]
Guarantor Obligations, Related Party Disclosures	156.4
Receivable [Domain]
Guarantor Obligations [Line Items]
Guarantor Obligations, Collateral Held Directly or by Third Parties	224.3
NFS [Member]
Guarantor Obligations [Line Items]
Net guarantee of outstanding debt	$ 128.1
Percentage of loans guaranteed to joint venture	20.00%
Notes Payable, Related Party Due to Parent	$ 910.2
Contractual Obligation	182
Guarantees, Fair Value Disclosure	$ 284.5

Equity Investments (Details)

Equity Investments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Equity Investments (Details) - USD ($) $ in Millions	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Revenues	$ 79.5	$ 94.3	$ 157	$ 170.2
Gross profit	23.2	29.3	48.4	51.3
Income from continuing operations	4.8	5.6	10	10
Net income	4.8	$ 5.6	10	$ 10
Equity Method Investments	$ 38.8		$ 38.8		$ 39.6
NFS [Member]
Equity Method Investment, Ownership Percentage	20.00%		20.00%
Equity Method Investments	$ 12.9		$ 12.9		13.5
SN [Member]
Equity Method Investment, Ownership Percentage	50.00%		50.00%
Equity Method Investments	$ 25.9		$ 25.9		$ 26.1