Hyster-Yale Materials Handling (HY) 10-Q 2 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	Apr. 28, 2017
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	Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Class A [Member]
Document Information [Line Items]
Shares Outstanding		12,536,592
Common Class B [Member]
Document Information [Line Items]
Shares Outstanding		3,917,437

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Current Assets
Cash and cash equivalents	$ 65.3	$ 43.2
Accounts receivable, net	398.2	375.3
Inventories, net	358.8	352.2
Prepaid expenses and other	42.2	39.3
Total Current Assets	864.5	810
Property, Plant and Equipment, Net	250.8	255.1
Intangible Assets	55.6	56.2
Goodwill	52.5	50.7
Deferred Income Taxes	38.7	43.9
Investment in Unconsolidated Affiliates	46.7	45.9
Other Non-current Assets	25.9	25.3
Total Assets	1,334.7	1,287.1
Current Liabilities
Accounts payable	353.9	242.4
Accounts payable, affiliate	15.5	16.5
Revolving credit facilities	18.7	79
Current maturities of long-term debt	50.4	50
Accrued payroll	28.4	43.7
Accrued warranty obligations	29.2	27.8
Other current liabilities	116.9	117.1
Total Current Liabilities	613	576.5
Long-term Debt	74	82.2
Self-insurance Liabilities	23	19.7
Pension Obligations	33.8	37.2
Long-term Deferred Tax Liabilities	12.4	11.4
Other Long-term Liabilities	80.2	89.7
Total Liabilities	836.4	816.7
Common stock:
Capital in excess of par value	316.5	319.6
Treasury stock	(32.5)	(36.9)
Retained earnings	373.5	360.3
Accumulated other comprehensive loss	(166.6)	(179.4)
Total Stockholders' Equity	491.1	463.8
Noncontrolling Interest	7.2	6.6
Total Equity	498.3	470.4
Total Liabilities and Equity	1,334.7	1,287.1
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	Mar. 31, 2017	Dec. 31, 2016
Common Class A [Member]
Class A Common stock, par value	$ 0.01	$ 0.01
Class A Common stock, shares outstanding	12,530,925	12,466,463
Common Class B [Member]
Class A Common stock, par value	$ 0.01	$ 0.01
Class A Common stock, shares outstanding	3,918,310	3,924,291

Unaudited Condensed Consolidat4

Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues	$ 713.1	$ 604.2
Cost of sales	587	506.3
Gross Profit	126.1	97.9
Operating Expenses
Selling, general and administrative expenses	102.7	88.2
Operating Profit	23.4	9.7
Other (income) expense
Interest expense	1.8	1.1
Income from unconsolidated affiliates	(2.1)	(1.3)
Other	(0.6)	1
Other (income) expense	(0.9)	0.8
Income Before Income Taxes	24.3	8.9
Income tax provision	6.2	(1)
Net income	18.1	9.9
Net (income) loss attributable to noncontrolling interest	0	0.1
Net Income Attributable to Stockholders	$ 18.1	$ 10
Basic Earnings per Share	$ 1.10	$ 0.61
Diluted Earnings per Share	1.10	0.61
Dividends per Share	$ 0.2950	$ 0.2850
Basic Weighted Average Shares Outstanding	16,421	16,352
Diluted Weighted Average Shares Outstanding	16,474	16,399

Unaudited Condensed Consolidat5

Unaudited Condensed Consolidated Statements of Comprehensive Income (Loss) Statement - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 18.1	$ 9.9
Other comprehensive income (loss)
Foreign currency translation adjustment	7.5	17.3
Current period cash flow hedging activity	4.5	7.7
Reclassification of hedging activities into earnings	0.1	0.5
Reclassification of pension into earnings	0.7	0.6
Comprehensive Income (Loss)	30.9	36
Net (income) loss attributable to noncontrolling interest	0	0.1
Foreign currency translation adjustment attributable to noncontrolling interests	(0.3)	0
Comprehensive Income (Loss) Attributable to Stockholders	$ 30.6	$ 36.1

Unaudited Condensed Consolidat6

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Operating Activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 18.1	$ 9.9
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Depreciation and amortization	10.5	6.9
Amortization of deferred financing fees	0.3	0.3
Deferred income taxes	1.7	(1.9)
Stock-based compensation	1.3	1.9
Dividends from unconsolidated affiliates	2.8	5.1
Other non-current liabilities	(2.8)	(2.8)
Other	(1.2)	(1.3)
Working capital changes:
Accounts receivable	(17.8)	(15.4)
Inventories	(2.7)	11.2
Other current assets	(4.1)	(4.7)
Accounts payable	107.2	11.7
Other current liabilities	(11.3)	(39.2)
Net cash provided by (used for) operating activities	102	(18.3)
Investing Activities
Expenditures for property, plant and equipment	(6.4)	(6.6)
Proceeds from the sale of assets	0.3	8.4
Payments for (Proceeds from) Other Investing Activities	(1)	0
Net cash provided by (used for) investing activities	(7.1)	1.8
Financing Activities
Additions to long-term debt	7.6	8.4
Reductions of long-term debt	(10.8)	(8.8)
Net change to revolving credit agreements	65.4	0
Cash dividends paid	(4.9)	(4.7)
Proceeds from (Payments for) Other Financing Activities	(0.1)	0
Net cash used for financing activities	(73.6)	(5.1)
Effect of exchange rate changes on cash	0.8	5
Cash and Cash Equivalents
Increase (decrease) for the period	22.1	(16.6)
Balance at the beginning of the period	43.2	155.1
Balance at the end of the period	$ 65.3	$ 138.5

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, 2015	$ 462.7	$ 460.8	$ 0.1	$ 0.1	$ (42.5)	$ 320.3	$ 336.7	$ (90.1)	$ (4)	$ (59.8)	$ 1.9
Capital in Excess of Par Value
Stock-based compensation	1.9	1.9				1.9
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures	0	0			4.5	(4.5)
Retained Earnings
Net Income Attributable to Stockholders	10	10					10
Cash dividends	(4.7)	(4.7)					(4.7)
Accumulated Other Comprehensive Income (Loss)
Foreign currency translation adjustment	17.3							17.3
Deferred gain (loss) on cash flow hedging	7.7								7.7
Current period pension adjustment										0
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	25	25
Reclassification of hedging activities into earnings	0.5								0.5
Reclassification of pension into earnings	0.6									0.6
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	1.1	1.1
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	9.9
Balance at Mar. 31, 2016	495.9	494.1	0.1	0.1	(38)	317.7	342	(72.8)	4.2	(59.2)	1.8
Noncontrolling Interest Items [Abstract]
Net (income) loss attributable to noncontrolling interest	(0.1)										(0.1)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Noncontrolling Interest	0
Balance at Dec. 31, 2016	470.4	463.8	0.1	0.1	(36.9)	319.6	360.3	(92)	(12.2)	(75.2)	6.6
Capital in Excess of Par Value
Stock-based compensation	1.3	1.3				1.3
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures	0	0			4.4	(4.4)
Retained Earnings
Net Income Attributable to Stockholders	18.1	18.1					18.1
Cash dividends	(4.9)	(4.9)					(4.9)
Accumulated Other Comprehensive Income (Loss)
Foreign currency translation adjustment	7.5							7.5
Deferred gain (loss) on cash flow hedging	4.5								4.5
Current period pension adjustment										0
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	12	12
Reclassification of hedging activities into earnings	0.1								0.1
Reclassification of pension into earnings	0.7									0.7
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0.8	0.8
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	18.1
Balance at Mar. 31, 2017	498.3	$ 491.1	$ 0.1	$ 0.1	$ (32.5)	$ 316.5	$ 373.5	$ (84.5)	$ (7.6)	$ (74.5)	7.2
Noncontrolling Interest Items [Abstract]
Net (income) loss attributable to noncontrolling interest	0										0
Noncontrolling Interest, Increase from Business Combination	0.3										0.3
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax, Portion Attributable to Noncontrolling Interest	$ 0.3										$ 0.3

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2017
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 and majority-owned joint ventures (collectively, "Hyster-Yale" or the "Company"). All intercompany accounts and transactions among the consolidated companies are eliminated in consolidation. The Company, through its wholly owned operating subsidiary, Hyster-Yale Group, Inc. ("HYG"), 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, Italy, the Netherlands, Vietnam, Japan, the Philippines, Brazil and China. The Company also operates Nuvera Fuel Cells, LLC ("Nuvera"). Nuvera is an alternative-power technology company focused on fuel-cell stacks and engines. Nuvera also supports on-site hydrogen production and dispensing systems that are designed to deliver clean energy solutions to customers. The Company also operates Bolzoni S.p.A. ("Bolzoni"). Bolzoni is a leading worldwide producer of attachments, forks and lift tables under the Bolzoni Auramo and Meyer brand names. Bolzoni products are manufactured in Italy, China, Germany, Finland and the United States. Through the design, production and distribution of a wide range of attachments, Bolzoni has a strong presence in the market niche of lift-truck attachments and industrial material handling. Investments in Sumitomo NACCO Forklift Co., Ltd. (“SN”), a 50% -owned joint venture, and HYG Financial Services, Inc. ("HYGFS"), 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, service parts 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. HYGFS is a joint venture with Wells Fargo Financial Leasing, Inc. (“WF”), 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 March 31, 2017 and the results of its operations for the three months ended March 31, 2017 and 2016 and the results of its cash flows and changes in equity for the three months ended March 31, 2017 and 2016 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, 2016 . The accompanying unaudited condensed consolidated balance sheet at December 31, 2016 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	3 Months Ended
	Mar. 31, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	Recently Issued Accounting Standards The following table provides a brief description of recent accounting pronouncements adopted January 1, 2017. The adoption of these standards did not have a material effect on the Company's financial position, results of operations, cash flows or related disclosures. Standard Description ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory The guidance requires inventory to be measured at the lower of cost or net realizable value. The guidance defines net realizable value as the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. ASU No. 2016-05, Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships The guidance clarifies that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument does not, in and of itself, require dedesignation of that hedging relationship, provided that all other hedge accounting criteria continue to be met. ASU No. 2016-07, Investments - Equity Method and Joint Ventures (Topic 323) The guidance eliminates the requirement that an entity retroactively adopt the equity method of accounting if an investment qualifies for use of the equity method as a result of an increase in the level of ownership or degree of influence. In addition, the guidance requires that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. ASU No. 2016-09, Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting The guidance simplifies several aspects of the accounting for employee share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The following table provides a brief description of recent accounting pronouncements not yet adopted: Standard Description Required Date of Adoption Effect on the financial statements or other significant matters ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (Subsequent ASUs have been issued in 2015 and 2016 to update or clarify this guidance) 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 impact of the standard and subsequently issued clarifications. The Company's evaluation process includes, but is not limited to, identifying contracts within the scope of the guidance, reviewing and documenting the accounting for these contracts and identifying and determining the accounting for any related contract costs. The Company has identified relevant revenue streams and substantially completed the review of a sample of contracts for the lift truck business within the scope of the guidance and is currently evaluating the impact of the new standard on its financial statements, business processes and internal controls over financial reporting. The Company will begin evaluation of revenue streams and contracts at Bolzoni in the second quarter of 2017. At this time, the Company has not identified its method of adoption. In addition, the standard requires new substantial disclosures and the Company continues to evaluate these requirements. ASU No. 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities The guidance requires equity investments previously accounted for under the cost method of accounting to be measured at fair value and recognized in net income. In addition, the guidance defines measurement and presentation of financial instruments. January 1, 2018 The Company is currently evaluating the adoption and the effect on its financial position, results of operations, cash flows and related disclosures. Standard Description Required Date of Adoption Effect on the financial statements or other significant matters ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments The guidance clarifies the classification of certain types of cash receipts and cash payments. In addition, the guidance provides for the application of the predominance principle when certain cash receipts and payments have aspects of more than one class of cash flows. January 1, 2018 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. 2016-16, Income Taxes (Topic 740) The guidance allows for recognition of current and deferred income taxes for an intra-entity transfer of an asset other than inventory. The guidance allows for more accurate representation of the economics of an intra-entity asset transfer which will require income tax consequences of the transfer, including income taxes payable or paid. January 1, 2018 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. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash The guidance requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. January 1, 2018 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. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business The guidance clarifies the definition of a business to assist entities in evaluating whether transactions should be accounted for as acquisitions or disposals of businesses. January 1, 2018 The Company is currently evaluating the adoption and the effect on its financial position, results of operations, cash flows and related disclosures. ASU 2017-05, Other Income – Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition The guidance clarifies the scope and accounting of a financial asset that meets the definition of an "in-substance nonfinancial asset" and defines the term, "in-substance nonfinancial asset," in addition to partial sales of nonfinancial assets. January 1, 2018 The Company is currently evaluating the adoption and the effect on its financial position, results of operations, cash flows and related disclosures. ASU 2017-07, Compensation — Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement The guidance requires that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations. January 1, 2018 The Company is currently evaluating the adoption and the effect on its financial position, results of operations, cash flows and related disclosures. ASU No. 2016-02, Leases (Topic 842) The guidance requires lessees (with the exception of short-term leases) to recognize, at the commencement date, a lease liability, which is a lessee's obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. January 1, 2019 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. 2016-13, Financial Instruments-Credit Losses (Topic 326) The guidance eliminates the probable initial recognition threshold and requires an entity to reflect its current estimate of all expected credit losses. The guidance also requires additional disclosures in certain circumstances. January 1, 2020 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. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment The guidance removes the second step of the two-step test for the measurement of goodwill impairment. The guidance allows for early adoption for impairment testing dates after January 1, 2017. January 1, 2020 The Company is currently evaluating the timing of adoption and the effect on its current impairment testing process.

Business Segments

Business Segments	3 Months Ended
	Mar. 31, 2017
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, EMEA and JAPIC. Americas includes operations in the United States, Canada, Mexico, Brazil, Latin America and its corporate headquarters. EMEA includes operations in Europe, the Middle East and Africa. JAPIC includes operations in the Asia and Pacific regions, 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. The Company reports the results of both Nuvera and Bolzoni as separate segments. Intercompany sales between Nuvera, Bolzoni and the lift truck business have been eliminated. Bolzoni was acquired on April 1, 2016 and its results of operations have been included since the acquisition date. Financial information for each reportable segment is presented in the following table: THREE MONTHS ENDED MARCH 31 2017 2016 Revenues from external customers Americas $ 466.0 $ 417.2 EMEA 162.4 147.0 JAPIC 43.8 39.7 Lift truck business 672.2 603.9 Bolzoni 41.6 — Nuvera 2.6 0.3 Eliminations (3.3 ) — Total $ 713.1 $ 604.2 Gross profit (loss) Americas $ 84.9 $ 72.2 EMEA 22.5 22.1 JAPIC 5.5 4.2 Lift truck business 112.9 98.5 Bolzoni 13.8 — Nuvera (0.6 ) (0.6 ) Total $ 126.1 $ 97.9 Operating profit (loss) Americas $ 29.8 $ 15.4 EMEA 1.5 2.0 JAPIC (0.7 ) (1.6 ) Lift truck business 30.6 15.8 Bolzoni 2.3 — Nuvera (9.5 ) (6.1 ) Total $ 23.4 $ 9.7 Net income (loss) attributable to stockholders Americas $ 20.5 $ 13.1 EMEA 1.1 1.4 JAPIC 0.7 (0.8 ) Lift truck business 22.3 13.7 Bolzoni 1.5 — Nuvera (5.7 ) (3.7 ) Total $ 18.1 $ 10.0

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2017
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. A reconciliation of the consolidated federal statutory to reported income tax rate is as follows: THREE MONTHS ENDED MARCH 31 2017 2016 Income before income taxes $ 24.3 $ 8.9 Statutory taxes at 35% $ 8.5 $ 3.1 Permanent adjustments: Non-U.S. rate differences (2.4 ) (0.8 ) Other (0.5 ) 0.2 $ (2.9 ) $ (0.6 ) Discrete items $ 0.6 $ (3.5 ) Income tax provision (benefit) $ 6.2 $ (1.0 ) Reported income tax rate 25.5 % n.m. During the first quarter of 2016, the Company recognized a discrete tax benefit of $4.0 million . As a result of the acquisition of Bolzoni, the Company changed its previous reinvestment assertion; and consequently, all of the earnings of its European operations were considered permanently reinvested and the previously provided deferred tax liability was no longer required.

Reclassifications Out Of Accumu

Reclassifications Out Of Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2017
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 MARCH 31 2017 2016 Gain (loss) on cash flow hedges: Foreign exchange contracts $ (0.2 ) $ (1.6 ) Cost of sales Total before tax (0.2 ) (1.6 ) Income before income taxes Tax benefit 0.1 1.1 Income tax provision (benefit) Net of tax $ (0.1 ) $ (0.5 ) Net income Amortization of defined benefit pension items: Actuarial loss $ (1.0 ) $ (0.8 ) (a) Prior service credit 0.1 0.1 (a) Total before tax (0.9 ) (0.7 ) Income before income taxes Tax benefit 0.2 0.1 Income tax provision (benefit) Net of tax $ (0.7 ) $ (0.6 ) Net income Total reclassifications for the period $ (0.8 ) $ (1.1 ) (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	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 , the fair value and book value of revolving credit agreements and long-term debt, excluding capital leases, was $118.5 million . At December 31, 2016 , the fair value and book value of revolving credit agreements and long-term debt, excluding capital leases, was $184.5 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. 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 periodically enters into forward foreign currency contracts that are designated as net investment hedges of the Company's net investment in its foreign subsidiaries. For derivative instruments that are designated and qualified as a hedge of a net investment in foreign currency, the gain or loss is reported in other comprehensive income as part of the cumulative translation adjustment to the extent it is effective. 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 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 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 $ 596.6 million at March 31, 2017 , primarily denominated in euros, U.S. dollars, Japanese yen, British pounds, Swedish kroner, Mexican pesos and Australian dollars. The Company held forward foreign currency exchange contracts with total notional amounts of $ 592.9 million at December 31, 2016 , primarily denominated in euros, U.S. dollars, Japanese yen, British pounds, Swedish kroner and Mexican pesos. The fair value of these contracts approximated a net liability of $ 13.9 million and $ 22.7 million at March 31, 2017 and December 31, 2016 , respectively. Forward foreign currency exchange contracts that qualify for hedge accounting are generally used to hedge transactions expected to occur within the next 36 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 March 31, 2017 , $ 3.9 million of the amount of net deferred loss included in OCI at March 31, 2017 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 a total notional amount of $100.0 million at March 31, 2017 . The fair value of interest rate swap agreements was a net liability of $0.1 million and $ 0.3 million at March 31, 2017 and December 31, 2016 , respectively. 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 MARCH 31 DECEMBER 31 Balance Sheet Location MARCH 31 DECEMBER 31 Derivatives designated as hedging instruments Cash Flow Hedges Foreign currency exchange contracts Current Prepaid expenses and other $ — $ — Prepaid expenses and other $ — $ — Other current liabilities 3.9 3.7 Other current liabilities 12.8 14.0 Long-term Other non-current assets 0.2 — Other non-current assets 0.1 — Other long-term liabilities 0.6 — Other long-term liabilities 5.3 10.1 Total derivatives designated as hedging instruments $ 4.7 $ 3.7 $ 18.2 $ 24.1 Derivatives not designated as hedging instruments Cash Flow Hedges Interest rate swap agreements Current Other current liabilities $ — $ — Other current liabilities $ 0.1 $ 0.3 Long-term Other non-current assets 0.2 0.2 Other long-term liabilities 0.2 0.2 Foreign currency exchange contracts Current Prepaid expenses and other — — Prepaid expenses and other — — Other current liabilities 0.4 1.6 Other current liabilities 0.8 3.9 Total derivatives not designated as hedging instruments $ 0.6 $ 1.8 $ 1.1 $ 4.4 Total derivatives $ 5.3 $ 5.5 $ 19.3 $ 28.5 The following table summarizes the offsetting of the fair value of derivative instruments on a gross basis by counterparty as recorded in the unaudited condensed consolidated balance sheets: Derivative Assets as of March 31, 2017 Derivative Liabilities as of March 31, 2017 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 $ 0.2 $ (0.2 ) $ — $ — $ 0.3 $ (0.2 ) $ 0.1 $ 0.1 Foreign currency exchange contracts 0.1 (0.1 ) — — 14.0 (0.1 ) 13.9 13.9 Total derivatives $ 0.3 $ (0.3 ) $ — $ — $ 14.3 $ (0.3 ) $ 14.0 $ 14.0 Derivative Assets as of December 31, 2016 Derivative Liabilities as of December 31, 2016 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 $ 0.2 $ (0.2 ) $ — $ — $ 0.5 $ (0.2 ) $ 0.3 $ 0.3 Foreign currency exchange contracts — — — — 22.7 — 22.7 22.7 Total derivatives $ 0.2 $ (0.2 ) $ — $ — $ 23.2 $ (0.2 ) $ 23.0 $ 23.0 The following table summarizes the pre-tax impact of derivative instruments 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 THREE MONTHS ENDED THREE MONTHS ENDED MARCH 31 MARCH 31 MARCH 31 Derivatives designated as hedging instruments 2017 2016 2017 2016 2017 2016 Cash Flow Hedges Foreign currency exchange contracts $ 7.0 $ 13.0 Cost of sales $ (0.2 ) $ (1.6 ) Cost of sales $ — $ — Total $ 7.0 $ 13.0 $ (0.2 ) $ (1.6 ) $ — $ — Amount of Gain or (Loss) Recognized in Income on Derivative THREE MONTHS ENDED MARCH 31 Derivatives Not Designated as Hedging Instruments Location of Gain or (Loss) Recognized in Income on Derivative 2017 2016 Cash Flow Hedges Interest rate swap agreements Other $ 0.1 $ (1.5 ) Foreign currency exchange contracts Cost of sales (0.7 ) 0.4 Total $ (0.6 ) $ (1.1 )

Retirement Benefit Plans

Retirement Benefit Plans	3 Months Ended
	Mar. 31, 2017
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 components of pension (income) expense are set forth below: THREE MONTHS ENDED MARCH 31 2017 2016 U.S. Pension Interest cost $ 0.7 $ 0.7 Expected return on plan assets (1.2 ) (1.2 ) Amortization of actuarial loss 0.4 0.4 Amortization of prior service credit (0.1 ) (0.1 ) Total $ (0.2 ) $ (0.2 ) Non-U.S. Pension Service cost $ 0.1 $ — Interest cost 1.0 1.3 Expected return on plan assets (2.2 ) (2.3 ) Amortization of actuarial loss 0.6 0.4 Total $ (0.5 ) $ (0.6 )

Inventories

Inventories	3 Months Ended
	Mar. 31, 2017
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Inventories Inventories are summarized as follows: MARCH 31 DECEMBER 31 Finished goods and service parts $ 177.3 $ 171.9 Work in process 26.5 26.1 Raw materials 191.9 191.4 Total manufactured inventories 395.7 389.4 LIFO reserve (36.9 ) (37.2 ) Total inventory $ 358.8 $ 352.2 The cost of certain manufactured inventories, including service parts, has been determined using the last-in-first-out (“LIFO”) method. At March 31, 2017 and December 31, 2016 , 53% and 54% , 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	3 Months Ended
	Mar. 31, 2017
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 for its lift trucks, 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 and anticipated 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: 2017 Balance at January 1 $ 52.3 Current year warranty expense 10.9 Change in estimate related to pre-existing warranties (1.5 ) Payments made (7.4 ) Foreign currency effect 0.3 Balance at March 31 $ 54.6

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2017
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	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 and December 31, 2016 were $144.7 million and $149.3 million , respectively. As of March 31, 2017 , 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 March 31, 2017 was approximately $189.5 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 March 31, 2017 , 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 WF to limit its exposure to losses at certain eligible dealers. Under this agreement, losses related to $28.0 million of recourse or repurchase obligations for these certain eligible dealers are limited to 7.5% of their original loan balance, or $6.7 million as of March 31, 2017 . The $28.0 million is included in the $144.7 million of total amounts subject to recourse or repurchase obligations at March 31, 2017 . 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 HYGFS or other unrelated third parties. HYGFS provides debt and lease financing to both dealers and customers. On occasion, the credit quality of a customer or credit concentration issues within WF may require the Company to provide recourse or repurchase obligations of the lift trucks purchased by customers and financed through HYGFS. At March 31, 2017 , approximately $126.7 million of the Company's total recourse or repurchase obligations of $144.7 million related to transactions with HYGFS. In connection with the joint venture agreement, the Company also provides a guarantee to WF for 20% of HYGFS’ debt with WF, such that the Company would become liable under the terms of HYGFS’ debt agreements with WF in the case of default by HYGFS. At March 31, 2017 , loans from WF to HYGFS totaled $899.4 million . Although the Company’s contractual guarantee was $179.9 million , the loans by WF to HYGFS are secured by HYGFS’ customer receivables, of which the Company guarantees $126.7 million . Excluding the HYGFS receivables guaranteed by the Company from HYGFS’ loans to WF, the Company’s incremental obligation as a result of this guarantee to WF is $158.8 million , which is secured by 20% of HYGFS' customer receivables and other secured assets of $237.3 million . HYGFS 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 HYGFS to default in future periods. The following table includes the exposure amounts related to the Company's guarantees at March 31, 2017 : HYGFS Total Total recourse or repurchase obligations $ 126.7 $ 144.7 Less: exposure limited for certain dealers 28.0 28.0 Plus: 7.5% of original loan balance 6.7 6.7 105.4 123.4 Incremental obligation related to guarantee to WF 158.8 158.8 Total exposure related to guarantees $ 264.2 $ 282.2

Equity Investments

Equity Investments	3 Months Ended
	Mar. 31, 2017
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, HYGFS. HYGFS is a joint venture with WF 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 HYGFS. Therefore, the Company is not the primary beneficiary and uses the equity method to account for its 20% interest in HYGFS. The Company does not consider its variable interest in HYGFS 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 agreed-upon terms. The Company's ownership in SN is also accounted for using the equity method of accounting and is included in the JAPIC segment. The Company's percentage share of the net income or loss from its equity investments in HYGFS 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 March 31, 2017 and December 31, 2016 , the Company's investment in HYGFS was $12.3 million and $13.8 million , respectively. The Company's investment in SN was $33.9 million and $31.6 million at March 31, 2017 and December 31, 2016 , respectively. Bolzoni's investment in unconsolidated affiliates was $0.5 million and $0.5 million at March 31, 2017 and December 31, 2016 , respectively. Summarized financial information for HYGFS and SN is as follows: THREE MONTHS ENDED MARCH 31 2017 2016 Revenues $ 85.1 $ 84.2 Gross profit $ 27.0 $ 25.3 Income from continuing operations $ 6.5 $ 5.4 Net income $ 6.5 $ 5.4

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2017
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Acquisitions Subsequent to the filing of the Company's Annual Report on Form 10-K for the year ended December 31, 2016, the Company finalized its analysis of the fair value of contingent obligations and income taxes for the Bolzoni acquisition on April 1, 2016. As a result of this analysis, the Company recorded a decrease to deferred tax assets and a corresponding increase to goodwill of $1.0 million.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 and the results of its operations for the three months ended March 31, 2017 and 2016 and the results of its cash flows and changes in equity for the three months ended March 31, 2017 and 2016 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, 2016 . The accompanying unaudited condensed consolidated balance sheet at December 31, 2016 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)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Standard Description ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory The guidance requires inventory to be measured at the lower of cost or net realizable value. The guidance defines net realizable value as the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. ASU No. 2016-05, Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships The guidance clarifies that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument does not, in and of itself, require dedesignation of that hedging relationship, provided that all other hedge accounting criteria continue to be met. ASU No. 2016-07, Investments - Equity Method and Joint Ventures (Topic 323) The guidance eliminates the requirement that an entity retroactively adopt the equity method of accounting if an investment qualifies for use of the equity method as a result of an increase in the level of ownership or degree of influence. In addition, the guidance requires that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. ASU No. 2016-09, Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting The guidance simplifies several aspects of the accounting for employee share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows.
Description of New Accounting Pronouncements Not yet Adopted [Policy Text Block]	Standard Description Required Date of Adoption Effect on the financial statements or other significant matters ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (Subsequent ASUs have been issued in 2015 and 2016 to update or clarify this guidance) 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 impact of the standard and subsequently issued clarifications. The Company's evaluation process includes, but is not limited to, identifying contracts within the scope of the guidance, reviewing and documenting the accounting for these contracts and identifying and determining the accounting for any related contract costs. The Company has identified relevant revenue streams and substantially completed the review of a sample of contracts for the lift truck business within the scope of the guidance and is currently evaluating the impact of the new standard on its financial statements, business processes and internal controls over financial reporting. The Company will begin evaluation of revenue streams and contracts at Bolzoni in the second quarter of 2017. At this time, the Company has not identified its method of adoption. In addition, the standard requires new substantial disclosures and the Company continues to evaluate these requirements. ASU No. 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities The guidance requires equity investments previously accounted for under the cost method of accounting to be measured at fair value and recognized in net income. In addition, the guidance defines measurement and presentation of financial instruments. January 1, 2018 The Company is currently evaluating the adoption and the effect on its financial position, results of operations, cash flows and related disclosures. Standard Description Required Date of Adoption Effect on the financial statements or other significant matters ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments The guidance clarifies the classification of certain types of cash receipts and cash payments. In addition, the guidance provides for the application of the predominance principle when certain cash receipts and payments have aspects of more than one class of cash flows. January 1, 2018 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. 2016-16, Income Taxes (Topic 740) The guidance allows for recognition of current and deferred income taxes for an intra-entity transfer of an asset other than inventory. The guidance allows for more accurate representation of the economics of an intra-entity asset transfer which will require income tax consequences of the transfer, including income taxes payable or paid. January 1, 2018 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. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash The guidance requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. January 1, 2018 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. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business The guidance clarifies the definition of a business to assist entities in evaluating whether transactions should be accounted for as acquisitions or disposals of businesses. January 1, 2018 The Company is currently evaluating the adoption and the effect on its financial position, results of operations, cash flows and related disclosures. ASU 2017-05, Other Income – Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition The guidance clarifies the scope and accounting of a financial asset that meets the definition of an "in-substance nonfinancial asset" and defines the term, "in-substance nonfinancial asset," in addition to partial sales of nonfinancial assets. January 1, 2018 The Company is currently evaluating the adoption and the effect on its financial position, results of operations, cash flows and related disclosures. ASU 2017-07, Compensation — Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement The guidance requires that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations. January 1, 2018 The Company is currently evaluating the adoption and the effect on its financial position, results of operations, cash flows and related disclosures. ASU No. 2016-02, Leases (Topic 842) The guidance requires lessees (with the exception of short-term leases) to recognize, at the commencement date, a lease liability, which is a lessee's obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. January 1, 2019 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. 2016-13, Financial Instruments-Credit Losses (Topic 326) The guidance eliminates the probable initial recognition threshold and requires an entity to reflect its current estimate of all expected credit losses. The guidance also requires additional disclosures in certain circumstances. January 1, 2020 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. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment The guidance removes the second step of the two-step test for the measurement of goodwill impairment. The guidance allows for early adoption for impairment testing dates after January 1, 2017. January 1, 2020 The Company is currently evaluating the timing of adoption and the effect on its current impairment testing process.

Financial Instruments and Der23

Financial Instruments and Derivative Financial Instruments (Policies)	3 Months Ended
	Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives, Policy [Policy Text Block]	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 periodically enters into forward foreign currency contracts that are designated as net investment hedges of the Company's net investment in its foreign subsidiaries. For derivative instruments that are designated and qualified as a hedge of a net investment in foreign currency, the gain or loss is reported in other comprehensive income as part of the cumulative translation adjustment to the extent it is effective. 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 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 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)	3 Months Ended
	Mar. 31, 2017
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 for its lift trucks, 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)	3 Months Ended
	Mar. 31, 2017
Consolidation, Variable Interest Entity, Policy [Policy Text Block]	The Company maintains an interest in one variable interest entity, HYGFS. HYGFS is a joint venture with WF 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 HYGFS. Therefore, the Company is not the primary beneficiary and uses the equity method to account for its 20% interest in HYGFS. The Company does not consider its variable interest in HYGFS to be significant.

Recently Issued Accounting St26

Recently Issued Accounting Standards Recently Issued Accounting Standards (Tables)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	Standard Description ASU No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory The guidance requires inventory to be measured at the lower of cost or net realizable value. The guidance defines net realizable value as the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal and transportation. ASU No. 2016-05, Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships The guidance clarifies that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument does not, in and of itself, require dedesignation of that hedging relationship, provided that all other hedge accounting criteria continue to be met. ASU No. 2016-07, Investments - Equity Method and Joint Ventures (Topic 323) The guidance eliminates the requirement that an entity retroactively adopt the equity method of accounting if an investment qualifies for use of the equity method as a result of an increase in the level of ownership or degree of influence. In addition, the guidance requires that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. ASU No. 2016-09, Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting The guidance simplifies several aspects of the accounting for employee share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The following table provides a brief description of recent accounting pronouncements not yet adopted: Standard Description Required Date of Adoption Effect on the financial statements or other significant matters ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (Subsequent ASUs have been issued in 2015 and 2016 to update or clarify this guidance) 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 impact of the standard and subsequently issued clarifications. The Company's evaluation process includes, but is not limited to, identifying contracts within the scope of the guidance, reviewing and documenting the accounting for these contracts and identifying and determining the accounting for any related contract costs. The Company has identified relevant revenue streams and substantially completed the review of a sample of contracts for the lift truck business within the scope of the guidance and is currently evaluating the impact of the new standard on its financial statements, business processes and internal controls over financial reporting. The Company will begin evaluation of revenue streams and contracts at Bolzoni in the second quarter of 2017. At this time, the Company has not identified its method of adoption. In addition, the standard requires new substantial disclosures and the Company continues to evaluate these requirements. ASU No. 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities The guidance requires equity investments previously accounted for under the cost method of accounting to be measured at fair value and recognized in net income. In addition, the guidance defines measurement and presentation of financial instruments. January 1, 2018 The Company is currently evaluating the adoption and the effect on its financial position, results of operations, cash flows and related disclosures. Standard Description Required Date of Adoption Effect on the financial statements or other significant matters ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments The guidance clarifies the classification of certain types of cash receipts and cash payments. In addition, the guidance provides for the application of the predominance principle when certain cash receipts and payments have aspects of more than one class of cash flows. January 1, 2018 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. 2016-16, Income Taxes (Topic 740) The guidance allows for recognition of current and deferred income taxes for an intra-entity transfer of an asset other than inventory. The guidance allows for more accurate representation of the economics of an intra-entity asset transfer which will require income tax consequences of the transfer, including income taxes payable or paid. January 1, 2018 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. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash The guidance requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. January 1, 2018 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. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business The guidance clarifies the definition of a business to assist entities in evaluating whether transactions should be accounted for as acquisitions or disposals of businesses. January 1, 2018 The Company is currently evaluating the adoption and the effect on its financial position, results of operations, cash flows and related disclosures. ASU 2017-05, Other Income – Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition The guidance clarifies the scope and accounting of a financial asset that meets the definition of an "in-substance nonfinancial asset" and defines the term, "in-substance nonfinancial asset," in addition to partial sales of nonfinancial assets. January 1, 2018 The Company is currently evaluating the adoption and the effect on its financial position, results of operations, cash flows and related disclosures. ASU 2017-07, Compensation — Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement The guidance requires that an employer report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations. January 1, 2018 The Company is currently evaluating the adoption and the effect on its financial position, results of operations, cash flows and related disclosures. ASU No. 2016-02, Leases (Topic 842) The guidance requires lessees (with the exception of short-term leases) to recognize, at the commencement date, a lease liability, which is a lessee's obligation to make lease payments arising from a lease, measured on a discounted basis; and a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. January 1, 2019 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. 2016-13, Financial Instruments-Credit Losses (Topic 326) The guidance eliminates the probable initial recognition threshold and requires an entity to reflect its current estimate of all expected credit losses. The guidance also requires additional disclosures in certain circumstances. January 1, 2020 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. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment The guidance removes the second step of the two-step test for the measurement of goodwill impairment. The guidance allows for early adoption for impairment testing dates after January 1, 2017. January 1, 2020 The Company is currently evaluating the timing of adoption and the effect on its current impairment testing process.

Business Segments (Tables)

Business Segments (Tables)	3 Months Ended
	Mar. 31, 2017
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 MARCH 31 2017 2016 Revenues from external customers Americas $ 466.0 $ 417.2 EMEA 162.4 147.0 JAPIC 43.8 39.7 Lift truck business 672.2 603.9 Bolzoni 41.6 — Nuvera 2.6 0.3 Eliminations (3.3 ) — Total $ 713.1 $ 604.2 Gross profit (loss) Americas $ 84.9 $ 72.2 EMEA 22.5 22.1 JAPIC 5.5 4.2 Lift truck business 112.9 98.5 Bolzoni 13.8 — Nuvera (0.6 ) (0.6 ) Total $ 126.1 $ 97.9 Operating profit (loss) Americas $ 29.8 $ 15.4 EMEA 1.5 2.0 JAPIC (0.7 ) (1.6 ) Lift truck business 30.6 15.8 Bolzoni 2.3 — Nuvera (9.5 ) (6.1 ) Total $ 23.4 $ 9.7 Net income (loss) attributable to stockholders Americas $ 20.5 $ 13.1 EMEA 1.1 1.4 JAPIC 0.7 (0.8 ) Lift truck business 22.3 13.7 Bolzoni 1.5 — Nuvera (5.7 ) (3.7 ) Total $ 18.1 $ 10.0

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	THREE MONTHS ENDED MARCH 31 2017 2016 Income before income taxes $ 24.3 $ 8.9 Statutory taxes at 35% $ 8.5 $ 3.1 Permanent adjustments: Non-U.S. rate differences (2.4 ) (0.8 ) Other (0.5 ) 0.2 $ (2.9 ) $ (0.6 ) Discrete items $ 0.6 $ (3.5 ) Income tax provision (benefit) $ 6.2 $ (1.0 ) Reported income tax rate 25.5 % n.m.

Reclassifications Out Of Accu29

Reclassifications Out Of Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2017
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 MARCH 31 2017 2016 Gain (loss) on cash flow hedges: Foreign exchange contracts $ (0.2 ) $ (1.6 ) Cost of sales Total before tax (0.2 ) (1.6 ) Income before income taxes Tax benefit 0.1 1.1 Income tax provision (benefit) Net of tax $ (0.1 ) $ (0.5 ) Net income Amortization of defined benefit pension items: Actuarial loss $ (1.0 ) $ (0.8 ) (a) Prior service credit 0.1 0.1 (a) Total before tax (0.9 ) (0.7 ) Income before income taxes Tax benefit 0.2 0.1 Income tax provision (benefit) Net of tax $ (0.7 ) $ (0.6 ) Net income Total reclassifications for the period $ (0.8 ) $ (1.1 ) (a) These OCI components are included in the computation of net pension cost (see Note 7 for additional details).

Financial Instruments and Der30

Financial Instruments and Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2017
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 MARCH 31 DECEMBER 31 Balance Sheet Location MARCH 31 DECEMBER 31 Derivatives designated as hedging instruments Cash Flow Hedges Foreign currency exchange contracts Current Prepaid expenses and other $ — $ — Prepaid expenses and other $ — $ — Other current liabilities 3.9 3.7 Other current liabilities 12.8 14.0 Long-term Other non-current assets 0.2 — Other non-current assets 0.1 — Other long-term liabilities 0.6 — Other long-term liabilities 5.3 10.1 Total derivatives designated as hedging instruments $ 4.7 $ 3.7 $ 18.2 $ 24.1 Derivatives not designated as hedging instruments Cash Flow Hedges Interest rate swap agreements Current Other current liabilities $ — $ — Other current liabilities $ 0.1 $ 0.3 Long-term Other non-current assets 0.2 0.2 Other long-term liabilities 0.2 0.2 Foreign currency exchange contracts Current Prepaid expenses and other — — Prepaid expenses and other — — Other current liabilities 0.4 1.6 Other current liabilities 0.8 3.9 Total derivatives not designated as hedging instruments $ 0.6 $ 1.8 $ 1.1 $ 4.4 Total derivatives $ 5.3 $ 5.5 $ 19.3 $ 28.5
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 as recorded in the unaudited condensed consolidated balance sheets: Derivative Assets as of March 31, 2017 Derivative Liabilities as of March 31, 2017 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 $ 0.2 $ (0.2 ) $ — $ — $ 0.3 $ (0.2 ) $ 0.1 $ 0.1 Foreign currency exchange contracts 0.1 (0.1 ) — — 14.0 (0.1 ) 13.9 13.9 Total derivatives $ 0.3 $ (0.3 ) $ — $ — $ 14.3 $ (0.3 ) $ 14.0 $ 14.0 Derivative Assets as of December 31, 2016 Derivative Liabilities as of December 31, 2016 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 $ 0.2 $ (0.2 ) $ — $ — $ 0.5 $ (0.2 ) $ 0.3 $ 0.3 Foreign currency exchange contracts — — — — 22.7 — 22.7 22.7 Total derivatives $ 0.2 $ (0.2 ) $ — $ — $ 23.2 $ (0.2 ) $ 23.0 $ 23.0
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]	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 THREE MONTHS ENDED THREE MONTHS ENDED MARCH 31 MARCH 31 MARCH 31 Derivatives designated as hedging instruments 2017 2016 2017 2016 2017 2016 Cash Flow Hedges Foreign currency exchange contracts $ 7.0 $ 13.0 Cost of sales $ (0.2 ) $ (1.6 ) Cost of sales $ — $ — Total $ 7.0 $ 13.0 $ (0.2 ) $ (1.6 ) $ — $ — Amount of Gain or (Loss) Recognized in Income on Derivative THREE MONTHS ENDED MARCH 31 Derivatives Not Designated as Hedging Instruments Location of Gain or (Loss) Recognized in Income on Derivative 2017 2016 Cash Flow Hedges Interest rate swap agreements Other $ 0.1 $ (1.5 ) Foreign currency exchange contracts Cost of sales (0.7 ) 0.4 Total $ (0.6 ) $ (1.1 )

Retirement Benefit Plans (Table

Retirement Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2017
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]
Schedule of Costs of Retirement Plans [Table Text Block]	THREE MONTHS ENDED MARCH 31 2017 2016 U.S. Pension Interest cost $ 0.7 $ 0.7 Expected return on plan assets (1.2 ) (1.2 ) Amortization of actuarial loss 0.4 0.4 Amortization of prior service credit (0.1 ) (0.1 ) Total $ (0.2 ) $ (0.2 ) Non-U.S. Pension Service cost $ 0.1 $ — Interest cost 1.0 1.3 Expected return on plan assets (2.2 ) (2.3 ) Amortization of actuarial loss 0.6 0.4 Total $ (0.5 ) $ (0.6 )

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2017
Schedule of Inventory, Current [Table Text Block]	MARCH 31 DECEMBER 31 Finished goods and service parts $ 177.3 $ 171.9 Work in process 26.5 26.1 Raw materials 191.9 191.4 Total manufactured inventories 395.7 389.4 LIFO reserve (36.9 ) (37.2 ) Total inventory $ 358.8 $ 352.2

Product Warranties (Tables)

Product Warranties (Tables)	3 Months Ended
	Mar. 31, 2017
Product Liability Contingency [Line Items]
Schedule of Product Warranty Liability [Table Text Block]	2017 Balance at January 1 $ 52.3 Current year warranty expense 10.9 Change in estimate related to pre-existing warranties (1.5 ) Payments made (7.4 ) Foreign currency effect 0.3 Balance at March 31 $ 54.6

Guarantees (Tables)

Guarantees (Tables)	3 Months Ended
	Mar. 31, 2017
Guarantees [Abstract]
Schedule of Guarantor Obligations [Table Text Block]	HYGFS Total Total recourse or repurchase obligations $ 126.7 $ 144.7 Less: exposure limited for certain dealers 28.0 28.0 Plus: 7.5% of original loan balance 6.7 6.7 105.4 123.4 Incremental obligation related to guarantee to WF 158.8 158.8 Total exposure related to guarantees $ 264.2 $ 282.2

Equity Investments (Tables)

Equity Investments (Tables)	3 Months Ended
	Mar. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments [Table Text Block]	THREE MONTHS ENDED MARCH 31 2017 2016 Revenues $ 85.1 $ 84.2 Gross profit $ 27.0 $ 25.3 Income from continuing operations $ 6.5 $ 5.4 Net income $ 6.5 $ 5.4

Basis of Presentation (Details)

Basis of Presentation (Details)	Mar. 31, 2017
HYGFS [Member]
Equity Method Investment, Ownership Percentage	20.00%
SN [Member]
Equity Method Investment, Ownership Percentage	50.00%

Business Segments (Details)

Business Segments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Segment Reporting Information [Line Items]
Revenues	$ 713.1	$ 604.2
Gross profit (loss)	126.1	97.9
Operating profit (loss)	23.4	9.7
Net income (loss) attributable to stockholders	18.1	10
Consolidation, Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	(3.3)	0
Americas [Member]
Segment Reporting Information [Line Items]
Revenues	466	417.2
Gross profit (loss)	84.9	72.2
Operating profit (loss)	29.8	15.4
Net income (loss) attributable to stockholders	20.5	13.1
EMEA [Member]
Segment Reporting Information [Line Items]
Revenues	162.4	147
Gross profit (loss)	22.5	22.1
Operating profit (loss)	1.5	2
Net income (loss) attributable to stockholders	1.1	1.4
JAPIC [Member]
Segment Reporting Information [Line Items]
Revenues	43.8	39.7
Gross profit (loss)	5.5	4.2
Operating profit (loss)	(0.7)	(1.6)
Net income (loss) attributable to stockholders	0.7	(0.8)
Lift truck business [Member]
Segment Reporting Information [Line Items]
Revenues	672.2	603.9
Gross profit (loss)	112.9	98.5
Operating profit (loss)	30.6	15.8
Net income (loss) attributable to stockholders	22.3	13.7
Bolzoni [Member]
Segment Reporting Information [Line Items]
Revenues	41.6	0
Gross profit (loss)	13.8	0
Operating profit (loss)	2.3	0
Net income (loss) attributable to stockholders	1.5	0
Nuvera [Member]
Segment Reporting Information [Line Items]
Revenues	2.6	0.3
Gross profit (loss)	(0.6)	(0.6)
Operating profit (loss)	(9.5)	(6.1)
Net income (loss) attributable to stockholders	$ (5.7)	$ (3.7)

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	$ 24.3	$ 8.9
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	8.5	3.1
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Amount	(2.4)	(0.8)
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount	(0.5)	0.2
Effective Income Tax Rate Reconciliation, Other Reconciling Items, Amount	(2.9)	(0.6)
Other Tax Expense (Benefit)	0.6	(3.5)
Income tax provision	$ 6.2	(1)
Effective Income Tax Rate Reconciliation, Percent	25.50%
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Discrete Amount		$ 4

Reclassifications Out Of Accu39

Reclassifications Out Of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2017	Mar. 31, 2016
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax		$ (0.2)	$ (1.6)
Derivative Instruments, Gain (Loss) Reclassified From Accumulated OCI into Income, Effective Portion, Tax		0.1	1.1
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax		(0.1)	(0.5)
Other Comprehensive Income (Loss), Reclassification, Pension and Other Postretirement Benefit Plans, Net Gain (Loss) Recognized in Net Periodic Benefit Cost, before Tax	[1]	(1)	(0.8)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost (Credit) Arising During Period, before Tax	[1]	0.1	0.1
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, before Tax		(0.9)	(0.7)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Tax		0.2	0.1
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Net of Tax		(0.7)	(0.6)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax		(0.8)	(1.1)
Cost of Sales [Member] | Foreign Exchange Contract [Member]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax		$ (0.2)	$ (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 (benefit)
Pension and Postretirement Plans, Income Statement Location of Net Periodic Pension Expense Reclassified from Accumulated OCI		Income tax provision (benefit)
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 Der40

Financial Instruments and Derivative Financial Instruments (Balance Sheet) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Derivatives, Fair Value [Line Items]
Derivative Instruments in Hedges, Assets, at Fair Value	$ 4.7	$ 3.7
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value	0.6	1.8
Derivative Asset, Fair Value, Gross Asset	5.3	5.5
Derivative Instruments in Hedges, Liabilities, at Fair Value	18.2	24.1
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	1.1	4.4
Derivative Liability, Fair Value, Gross Liability	19.3	28.5
Designated as Hedging Instrument [Member] | Prepaid expenses and other [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Asset at Fair Value	0	0
Foreign Currency Cash Flow Hedge Liability at Fair Value	0	0
Designated as Hedging Instrument [Member] | Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Asset at Fair Value	3.9	3.7
Foreign Currency Cash Flow Hedge Liability at Fair Value	12.8	14
Designated as Hedging Instrument [Member] | Other Noncurrent Assets [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Asset at Fair Value	0.2	0
Foreign Currency Cash Flow Hedge Liability at Fair Value	0.1	0
Designated as Hedging Instrument [Member] | Other Noncurrent Liabilities [Member]
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Asset at Fair Value	0.6	0
Foreign Currency Cash Flow Hedge Liability at Fair Value	5.3	10.1
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	0	0
Foreign Currency Cash Flow Hedge Liability at Fair Value	0	0
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	0.4	1.6
Interest Rate Cash Flow Hedge Liability at Fair Value	0.1	0.3
Foreign Currency Cash Flow Hedge Liability at Fair Value	0.8	3.9
Not Designated as Hedging Instrument [Member] | Other Noncurrent Assets [Member]
Derivatives, Fair Value [Line Items]
Interest Rate Cash Flow Hedge Asset at Fair Value	0.2	0.2
Not Designated as Hedging Instrument [Member] | Other Noncurrent Liabilities [Member]
Derivatives, Fair Value [Line Items]
Interest Rate Cash Flow Hedge Liability at Fair Value	$ 0.2	$ 0.2

Financial Instruments and Der41

Financial Instruments and Derivative Financial Instruments (Offsetting) (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset by Counterparty	$ 0.3	$ 0.2
Derivative Asset, Fair Value, Amount Offset Against Collateral	(0.3)	(0.2)
Derivative Assets	0	0
Derivative Liability, Fair Value, Gross Liability by Counterparty	14.3	23.2
Derivative Liability, Fair Value, Amount Offset Against Collateral	(0.3)	(0.2)
Derivative Liabilities	14	23
Cash Flow Hedging [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset by Counterparty	0.2	0.2
Derivative Asset, Fair Value, Amount Offset Against Collateral	(0.2)	(0.2)
Derivative Assets	0	0
Derivative Liability, Fair Value, Gross Liability by Counterparty	0.3	0.5
Derivative Liability, Fair Value, Amount Offset Against Collateral	(0.2)	(0.2)
Derivative Liabilities	0.1	0.3
Cash Flow Hedging [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset by Counterparty	0.1	0
Derivative Asset, Fair Value, Amount Offset Against Collateral	(0.1)	0
Derivative Assets	0	0
Derivative Liability, Fair Value, Gross Liability by Counterparty	14	22.7
Derivative Liability, Fair Value, Amount Offset Against Collateral	(0.1)	0
Derivative Liabilities	$ 13.9	$ 22.7

Financial Instruments and Der42

Financial Instruments and Derivative Financial Instruments (Income Statement) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$ (0.6)	$ (1.1)
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
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	$ 7	13
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(0.2)	(1.6)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	0	0
Cash Flow Hedging [Member] | Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Interest Rate Derivative Instruments Not Designated as Hedging Instruments	$ 0.1	(1.5)
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 Instruments Not Designated as Hedging Instruments in Financial Statements	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	$ 7	13
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	(0.2)	(1.6)
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	0	0
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	$ (0.7)	$ 0.4
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
Description of Location of Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments in Financial Statements	Cost of sales

Financial Instruments and Der43

Financial Instruments and Derivative Financial Instruments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Derivative [Line Items]
Long-term Debt	$ 118.6	$ 184.5
Long-term Debt, Fair Value	$ 118.5	184.5
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	The Company periodically enters into forward foreign currency contracts that are designated as net investment hedges of the Company's net investment in its foreign subsidiaries. For derivative instruments that are designated and qualified as a hedge of a net investment in foreign currency, the gain or loss is reported in other comprehensive income as part of the cumulative translation adjustment to the extent it is effective. 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	$ 3.9
Interest Rate Derivatives, at Fair Value, Net	0.1	0.3
Interest Rate Contract [Member]
Derivative [Line Items]
Derivative, Notional Amount	100
Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative, Notional Amount	596.6	592.9
Derivative, Fair Value, Net	$ 13.9	$ 22.7

Retirement Benefit Plans (Detai

Retirement Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
United States Pension Plan of US Entity [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Interest cost	$ 0.7	$ 0.7
Expected return on plan assets	(1.2)	(1.2)
Amortization of actuarial loss	0.4	0.4
Amortization of prior service credit	(0.1)	(0.1)
Total	(0.2)	(0.2)
Foreign Pension Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	0.1	0
Interest cost	1	1.3
Expected return on plan assets	(2.2)	(2.3)
Amortization of actuarial loss	0.6	0.4
Total	$ (0.5)	$ (0.6)

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Inventory, Work in Process, Net of Reserves	$ 26.5	$ 26.1
Inventory, Finished Goods, Net of Reserves	177.3	171.9
Inventory, Raw Materials and Purchased Parts, Net of Reserves	191.9	191.4
Total manufactured inventories	395.7	389.4
LIFO reserve	(36.9)	(37.2)
Total inventory	$ 358.8	$ 352.2
Percentage of LIFO Inventory	53.00%	54.00%

Product Warranties (Details)

Product Warranties (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Product Liability Contingency [Line Items]
Product Warranty Accrual	$ 54.6	$ 52.3
Product Warranties Issued	10.9
Product Warranty Accrual, Preexisting, Increase (Decrease)	(1.5)
Product Warranties Payments	(7.4)
Product Warranties Currency Translation, Increase (Decrease)	$ 0.3
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	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
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	$ 144.7	$ 149.3
Guarantor Obligations, Collateral Held Directly or by Third Parties	$ 189.5
Percentage of loan losses guaranteed	7.50%
Loan losses guaranteed	$ 6.7
Net guarantee of outstanding debt	123.4
Guarantor Obligations, Related Party Disclosures	126.7
Guarantees, Fair Value Disclosure	282.2
Property Lease Guarantee [Member]
Guarantor Obligations [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	28
Financial Guarantee [Member]
Guarantor Obligations [Line Items]
Guarantor Obligations, Related Party Disclosures	158.8
Receivable [Domain]
Guarantor Obligations [Line Items]
Guarantor Obligations, Collateral Held Directly or by Third Parties	237.3
HYGFS [Member]
Guarantor Obligations [Line Items]
Net guarantee of outstanding debt	$ 105.4
Percentage of loans guaranteed to joint venture	20.00%
Notes Payable, Related Party Due to Parent	$ 899.4
Contractual Obligation	179.9
Guarantees, Fair Value Disclosure	$ 264.2

Equity Investments (Details)

Equity Investments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Revenues	$ 85.1	$ 84.2
Gross profit	27	25.3
Income from continuing operations	6.5	5.4
Net income	6.5	$ 5.4
Equity Method Investments	$ 46.7		$ 45.9
HYGFS [Member]
Equity Method Investment, Ownership Percentage	20.00%
Equity Method Investments	$ 12.3		13.8
SN [Member]
Equity Method Investment, Ownership Percentage	50.00%
Equity Method Investments	$ 33.9		31.6
Bolzoni [Member]
Equity Method Investments	$ 0.5		$ 0.5

Acquisitions Acquisitions (Deta

Acquisitions Acquisitions (Details)	3 Months Ended
	Mar. 31, 2017
Business Acquisition [Line Items]
Business Combination, Provisional Information, Initial Accounting Incomplete, Nature of Adjustments	Subsequent to the filing of the Company's Annual Report on Form 10-K for the year ended December 31, 2016, the Company finalized its analysis of the fair value of contingent obligations and income taxes for the Bolzoni acquisition on April 1, 2016. As a result of this analysis, the Company recorded a decrease to deferred tax assets and a corresponding increase to goodwill of $1.0 million.