Welbilt (WBT) 10-Q 9 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 31, 2016
Document and entity information
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Trading Symbol	MFS
Entity Registrant Name	MANITOWOC FOODSERVICE, INC.
Entity Central Index Key	1,650,962
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		138,505,874

Consolidated (Condensed) Statem

Consolidated (Condensed) Statements of Operations - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Operations
Net sales	$ 384	$ 425.3	$ 1,077.9	$ 1,178.4
Cost of sales	242	290	683.6	809.6
Gross profit	142	135.3	394.3	368.8
Costs and expenses:
Selling, general and administrative expenses	69.9	71.7	217.1	223.3
Amortization expense	7.8	7.9	23.5	23.6
Separation expense	1.4	1	5.7	1.5
Restructuring expense	0.6	0.8	2.2	1.3
Asset impairment expense	1.7	0	1.7	0
Earnings from operations	60.6	53.9	144.1	119.1
Interest expense	25	0.3	60.5	1
Interest (income) expense on notes with MTW — net	0	(4.2)	0.1	(13.5)
Other expense (income) — net	3.6	(1.6)	9.6	(2.2)
Earnings before income taxes	32	59.4	73.9	133.8
Income taxes	7.1	18.3	15.8	41.8
Net earnings	$ 24.9	$ 41.1	$ 58.1	$ 92
Per Share Data
Earnings from per common share - Basic (in dollars per share)	$ 0.18	$ 0.30	$ 0.42	$ 0.67
Earnings from per common share - Diluted (in dollars per share)	$ 0.18	$ 0.30	$ 0.42	$ 0.67
Weighted average shares outstanding - Basic (in shares)	138,277,039	137,016,712	137,618,628	137,016,712
Weighted average shares outstanding - Diluted (in shares)	139,488,577	137,016,712	138,835,834	137,016,712

Consolidated (Condensed) State3

Consolidated (Condensed) Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Net earnings	$ 24.9	$ 41.1	$ 58.1	$ 92
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(0.5)	(9.2)	10.6	(19)
Unrealized gain (loss) on derivatives, net of income taxes (benefit) of $0.0, $(0.3), $0.7 and $(0.9), respectively	(0.3)	(0.6)	2.1	(1.6)
Employee pension and post-retirement benefits, net of income taxes (benefit) of $0.2, $0.0, $(5.6) and $0.0, respectively	(0.7)	0.3	(9.3)	0.8
Total other comprehensive (loss) income, net of tax	(1.5)	(9.5)	3.4	(19.8)
Comprehensive income	$ 23.4	$ 31.6	$ 61.5	$ 72.2

Consolidated (Condensed) State4

Consolidated (Condensed) Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Unrealized gain (loss) on derivatives, taxes	$ 0	$ (0.3)	$ 0.7	$ (0.9)
Employee pension and post retirement benefits, taxes	$ 0.2	$ 0	$ (5.6)	$ 0

Consolidated (Condensed) Balanc

Consolidated (Condensed) Balance Sheets - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 69.6	$ 32
Restricted cash	3.5	0.6
Accounts receivable, less allowances of $4.0 and $4.0, respectively	95.5	63.8
Inventories — net	156.8	145.9
Prepaids and other current assets	12.5	10.3
Current assets held for sale	6.1	0
Total current assets	344	252.6
Property, plant and equipment — net	108.5	116.4
Goodwill	845.9	845.8
Other intangible assets — net	496.1	519.6
Other non-current assets	23.2	15.9
Long-term assets held for sale	0	3.7
Total assets	1,817.7	1,754
Current liabilities:
Accounts payable	118.1	129
Accrued expenses and other liabilities	153.8	157.6
Current portion of long-term debt and capital leases	1.8	0.4
Product warranties	30.8	34.3
Total current liabilities	304.5	321.3
Long-term debt and capital leases	1,343.9	2.3
Deferred income taxes	148	167.9
Pension and postretirement health obligations	59.3	33.3
Other long-term liabilities	34.2	20.5
Total non-current liabilities	1,585.4	224
Total (deficit) equity:
Common stock (300,000,000 shares and 0 shares authorized, 138,472,302 shares and 0 shares issued and 138,432,991 shares and 0 shares outstanding, respectively)	1.4	0
Additional paid-in capital (deficit)	(75.3)	0
Retained earnings	42.8	0
Net parent company investment	0	1,253.2
Accumulated other comprehensive loss	(41.1)	(44.5)
Total (deficit) equity	(72.2)	1,208.7
Total liabilities and equity	$ 1,817.7	$ 1,754

Consolidated (Condensed) Balan6

Consolidated (Condensed) Balance Sheets (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Accounts receivable allowances	$ 4	$ 4
Common stock shares authorized (in shares)	300,000,000	0
Common stock shares issued (in shares)	138,472,302	0
Common stock shares outstanding (in shares)	138,432,991	0

Consolidated (Condensed) State7

Consolidated (Condensed) Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities
Net earnings	$ 58.1	$ 92
Adjustments to reconcile net earnings to cash provided by operating activities:
Depreciation	13	14.9
Amortization of intangible assets	23.5	23.6
Amortization of deferred financing fees	3.3	0
Deferred income taxes	(8.6)	3
Stock-based compensation expense	4.9	2.3
Asset impairment	1.7	0
Loss on sale of property, plant and equipment	0.2	0.5
Changes in operating assets and liabilities, excluding the effects of business acquisitions or dispositions:
Accounts receivable	(17.6)	(28.9)
Inventories	(11.5)	(7.7)
Other assets	(7.3)	(4.2)
Accounts payable	(10.3)	(23.6)
Other current and long-term liabilities	2.4	(3.1)
Net cash provided by operating activities	51.8	68.8
Cash flows from investing activities
Capital expenditures	(10.8)	(9.6)
Proceeds from sale of property, plant and equipment	0	0.1
Changes in restricted cash	(2.9)	(0.6)
Net cash used for investing activities	(13.7)	(10.1)
Cash flows from financing activities
Proceeds from long-term debt and capital leases	1,475.6	0.5
Repayments on long-term debt and capital leases	(94.6)	(0.4)
Debt issuance costs	(41.2)	0
Dividend paid to MTW	(1,362)	0
Net transactions with MTW	7	(26.1)
Exercises of stock options	15.1	0
Net cash used for financing activities	(0.1)	(26)
Effect of exchange rate changes on cash	(0.4)	(1.9)
Net increase in cash and cash equivalents	37.6	30.8
Balance at beginning of period	32	16.5
Balance at end of period	$ 69.6	$ 47.3

Description of the Business and

Description of the Business and Basis of Presentation	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Description of the Business and Basis of Presentation	Description of the Business and Basis of Presentation The Spin-Off On January 29, 2015, The Manitowoc Company, Inc. ("MTW") announced plans to create two independent public companies to separately operate its two businesses: its Cranes business and its Foodservice business. To effect the separation, MTW first undertook an internal reorganization, following which MTW held the Cranes business, and Manitowoc Foodservice, Inc. ("MFS") held the Foodservice business. Then on March 4, 2016, MTW distributed all the MFS common stock to MTW's shareholders on a pro rata basis, and MFS became an independent publicly traded company (the "Distribution"). In this Quarterly Report on Form 10-Q, “Spin-Off” refers to both the above described internal reorganization and the Distribution, collectively. In these unaudited consolidated (condensed) financial statements, unless the context otherwise requires: • "MFS" and the "Company" refer to Manitowoc Foodservice, Inc. and its consolidated subsidiaries, after giving effect to the internal reorganization and the Distribution, or, in the case of information as of dates or for periods prior to its separation from MTW, the combined entities of the Foodservice business, and certain other assets and liabilities that were historically held at the MTW corporate level, but were specifically identifiable and attributable to the Foodservice business; and • "MTW" refers to The Manitowoc Company, Inc. and its consolidated subsidiaries, other than, for all periods following the Spin-Off, MFS. Description of the Business The Company is among the world's most preferred and innovative commercial foodservice equipment companies. It designs, manufactures and services an integrated portfolio of hot and cold category products. It has one of the industry's broadest portfolios of products that create optimal value for its channel partners while delivering superior performance, quality, reliability and durability for its customers. The Company's capabilities span refrigeration, ice-making, cooking, holding, food-preparation and beverage-dispensing technologies, and allow it to equip entire commercial kitchens and serve the world's growing demand for food prepared away from home. The Company supplies foodservice equipment to commercial and institutional foodservice operators such as full-service restaurants, quick-service restaurant chains, hotels, caterers, supermarkets, convenience stores, business and industry, hospitals, schools and other institutions. Basis of Presentation The accompanying unaudited consolidated (condensed) financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"). All intercompany balances and transactions between the Company and its affiliates have been eliminated. During the periods presented prior to the Spin-Off on March 4, 2016, the Company's financial statements were prepared on a combined standalone basis derived from the consolidated financial statements and accounting records of MTW. The Company functioned as part of the larger group of companies controlled by MTW. Accordingly, MTW performed certain corporate overhead functions for the Company. Therefore, certain costs related to the Company have been allocated from MTW for the period of January 1, 2016 up to the Spin-Off on March 4, 2016 and for the entirety of the three and nine months ended September 30, 2015 . These allocated costs are primarily related to: 1) corporate officers, 2) employee benefits and compensation, 3) share-based compensation and 4) certain administrative functions, which are not provided at the business level including, but not limited to, finance, treasury, tax, audit, legal, information technology, human resources and investor relations. Where possible, these costs were allocated based on direct usage, with the remainder allocated on a basis of revenue, headcount or other measures the Company determined to be reasonable. Management of the Company believes the assumptions underlying the accompanying unaudited consolidated (condensed) financial statements, including the assumptions regarding the allocated expenses, reasonably reflect the utilization of services provided to or the benefit received by the Company during the periods presented. Nevertheless, the accompanying unaudited consolidated (condensed) financial statements may not be indicative of the Company's future performance, and they do not necessarily include all of the actual expenses that would have been incurred by the Company and may not reflect the results of operations, financial position and cash flows had the Company been a standalone company during the entirety of the periods presented. Accounting Policies In the opinion of management, the accompanying unaudited consolidated (condensed) financial statements contain all adjustments necessary for a fair statement of the results of operations and comprehensive income for the three and nine months ended September 30, 2016 and 2015 , the results of cash flows for the nine months ended September 30, 2016 and 2015 , and the financial position at September 30, 2016 and December 31, 2015 , and except as otherwise discussed, such adjustments consist only of those of a normal recurring nature. The interim results are not necessarily indicative of results that may be achieved for a full year performance. Certain information and footnote disclosures normally included in annual consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to the Security and Exchange Commission's ("SEC") rules and regulations governing interim financial statements. However, the Company believes that the disclosures made in the accompanying unaudited consolidated (condensed) financial statements and related notes are adequate to make the information presented not misleading. These unaudited financial statements should be read in conjunction with the Company's audited consolidated financial statements and the notes to the audited consolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2015. Certain prior period amounts have been reclassified to conform to the current period presentation. All dollar amounts, except share and per share amounts, are in millions of dollars throughout the tables included in these notes unless otherwise indicated. Recent Accounting Changes and Pronouncements In October 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-16, "Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory," which will require an entity to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. ASU 2016-16 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is permitted as of the beginning of an annual reporting period for which financial statements (interim or annual) have not been issued or made available for issuance. The Company is currently evaluating the impact the adoption of this ASU will have on its consolidated financial statements and related disclosures. In August 2016, the FASB issued ASU 2016-15, "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments," which clarifies the accounting guidance on how certain cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is permitted in any interim or annual reporting period. The Company is currently evaluating the impact the adoption of this ASU will have on its consolidated financial statements and related disclosures. In March 2016, the FASB issued ASU 2016-09, “Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting,” which simplifies several aspects of the accounting for share-based payment award transactions. This ASU requires that all excess tax benefits and tax deficiencies should be recognized as income tax expense or benefit on the income statement. The excess tax items should be classified with other income tax cash flows as an operating activity. This ASU also allows an entity to account for forfeitures when they occur rather than the current U.S. GAAP practice where an entity makes an entity-wide accounting policy election to estimate the number of awards that are expected to vest. This ASU is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years with early adoption permitted. The Company is currently evaluating the impact the adoption of this ASU will have on its consolidated financial statements and related disclosures. In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)," which requires lessees to recognize right-of-use assets and lease liability, initially measured at present value of the lease payments, on its balance sheet for leases with terms longer than 12 months and classified as either financing or operating leases. ASU 2016-02 requires a modified retrospective transition approach for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, and provides certain practical expedients that companies may elect. This ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years with early adoption permitted. The Company is currently evaluating the impact the adoption of this ASU will have on its consolidated financial statements and related disclosures. In January 2016, the FASB issued ASU 2016-01, "Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities." This ASU provides guidance for the recognition, measurement, presentation and disclosure of financial instruments. This ASU is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years and early adoption is not permitted. The Company is currently evaluating the impact the adoption of this ASU will have on its consolidated financial statements and related disclosures. In November 2015, the FASB issued ASU 2015-17, "Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes." ASU 2015-17 simplifies the presentation of deferred income taxes by eliminating the requirement for companies to present deferred tax assets and liabilities as current and non-current on the balance sheet. Instead, companies will be required to classify all deferred tax assets and liabilities as non-current. This guidance is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years with early adoption permitted. The Company early adopted this ASU on a prospective basis as of December 31, 2015. Prior periods were not retrospectively adjusted. In September 2015, the FASB issued ASU 2015-16, "Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments." The amendments in this ASU require that an acquirer in a business combination recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined, rather than as retrospective adjustments. The amendments in this ASU are effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The amendments in this ASU should be applied prospectively to adjustments to provisional amounts that occur after the effective date of this ASU with earlier application permitted for financial statements that have not been issued. The Company adopted this accounting guidance in the first quarter of fiscal year 2016. The adoption of this ASU did not have a material impact on the Company's consolidated (condensed) financial statements or related disclosures. In August 2015, the FASB issued ASU 2015-15, "Interest—Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements." This ASU clarifies the guidance related to accounting for debt issuance costs related to line-of-credit arrangements. In April 2015, the FASB issued ASU 2015-03, "Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs," which requires entities to present debt issuance costs related to a recognized debt liability as a direct deduction from the carrying amount of that debt liability. With the issuance of ASU 2015-15, the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. The Company adopted ASU 2015-15 and ASU 2015-03 in the first quarter of fiscal year 2016 and its impact is presented in the accompanying consolidated (condensed) financial statements. In July 2015, the FASB issued ASU 2015-11, "Inventory (Topic 330): Simplifying the Measurement of Inventory." This ASU changes the guidance on accounting for inventory accounted for on a first-in first-out basis ("FIFO"). Under the revised standard, an entity should measure FIFO inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured on a last-in, first-out basis ("LIFO"). The amendments in this ASU are effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2016 with early application permitted. The Company believes the adoption of this ASU will not have a material impact on its consolidated financial statements and related disclosures. In April 2015, the FASB issued ASU 2015-05, "Intangibles—Goodwill and Other—Internal-use Software (Subtopic 350-40): Customer's Accounting for Fees Paid in a Cloud Computing Arrangement." This ASU provides guidance on accounting for a software license in a cloud computing arrangement. If a cloud computing arrangement includes a software license, the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. Further, all software licenses are within the scope of Accounting Standards Codification ("ASC") Subtopic 350-40 and will be accounted for consistent with other licenses of intangible assets. The amendments in this ASU are effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. The Company adopted this accounting guidance in the first quarter of fiscal year 2016. The adoption of this ASU did not have a material impact on the Company's consolidated (condensed) financial statements or related disclosures. In February 2015, the FASB issued ASU 2015-02, "Consolidation (Topic 820)—Amendments to the Consolidation Analysis." This ASU amends the current consolidation guidance for both the variable interest entity (VIE) and voting interest entity (VOE) consolidation models. The amendments in this ASU are effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. The Company adopted this accounting guidance in the first quarter of fiscal year 2016. The adoption of this ASU did not have a material impact on the Company's consolidated (condensed) financial statements or related disclosures. In January 2015, the FASB issued ASU 2015-01, "Income Statement—Extraordinary and Unusual Items." This ASU eliminates from U.S. GAAP the concept of extraordinary items. This ASU is effective for the first interim period within fiscal years beginning after December 15, 2015, with early adoption permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. A reporting entity may apply the amendments prospectively or retrospectively to all prior periods presented in the financial statements. The Company adopted this accounting guidance in the first quarter of fiscal year 2016. The adoption of this ASU did not have a material impact on its consolidated (condensed) financial statements or related disclosures. In August 2014, the FASB issued ASU 2014-15, "Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern." This update provides guidance on management's responsibility in evaluating whether there is substantial doubt about a company's ability to continue as a going concern and to provide related footnote disclosures. This ASU is effective in the first annual period ending after December 15, 2016, with early adoption permitted. The Company believes the adoption of this ASU will not have a material impact on its consolidated financial statements or related disclosures. In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers (Topic 606)." This ASU provides a principles-based approach to revenue recognition to record 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. This ASU provides a five-step model to be applied to all contracts with customers. The five steps are to identify the contract(s) with the customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract and recognize revenue when each performance obligation is satisfied. The revenue standard is effective for the first interim period within fiscal years beginning after December 15, 2017 (as finalized by the FASB in August 2015 in ASU 2015-14 and as updated by ASU 2016-08, ASU 2016-10, ASU 2016-11 and ASU 2016-12), and can be applied either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying the update recognized at the date of initial application along with additional disclosures. Early adoption is permitted as of the original effective date—the first interim period within fiscal years beginning after December 15, 2016. The Company is evaluating the impact the adoption of this ASU will have on its consolidated financial statements and related disclosures.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The following tables set forth financial assets and liabilities that were accounted for at fair value on a recurring basis as of September 30, 2016 and December 31, 2015 by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Fair Value as of September 30, 2016 (in millions) Level 1 Level 2 Level 3 Total Current assets: Foreign currency exchange contracts $ — $ 0.9 $ — $ 0.9 Commodity contracts — 0.1 — 0.1 Total current assets at fair value — 1.0 — 1.0 Non-current assets: Commodity contracts — 0.1 — 0.1 Total non-current assets at fair value — 0.1 — 0.1 Total assets at fair value $ — $ 1.1 $ — $ 1.1 Current liabilities: Foreign currency exchange contracts $ — $ 0.3 $ — $ 0.3 Commodity contracts — 0.6 — 0.6 Total current liabilities at fair value — 0.9 — 0.9 Non-current liabilities: Commodity contracts — 0.1 — 0.1 Total non-current liabilities at fair value — 0.1 — 0.1 Total liabilities at fair value $ — $ 1.0 $ — $ 1.0 Fair Value as of December 31, 2015 (in millions) Level 1 Level 2 Level 3 Total Current assets: Foreign currency exchange contracts $ — $ — $ — $ — Total current assets at fair value — — — — Total assets at fair value $ — $ — $ — $ — Current liabilities: Foreign currency exchange contracts $ — $ 0.1 $ — $ 0.1 Commodity contracts — 3.1 — 3.1 Total current liabilities at fair value — 3.2 — 3.2 Non-current liabilities: Commodity contracts — 0.4 — 0.4 Total non-current liabilities at fair value — 0.4 — 0.4 Total liabilities at fair value $ — $ 3.6 $ — $ 3.6 The fair value of the Company's 9.50% Senior Notes due 2024 (the "Senior Notes") and Term Loan B under its Senior Secured Credit Facilities (as defined below) was approximately $488.8 million and $919.7 million as of September 30, 2016 , respectively. Neither the Senior Notes nor the Term Loan B existed as of December 31, 2015 . See Note 9, "Debt," for a description of the debt instruments and their related carrying values. ASC Subtopic 820-10, "Fair Value Measurement," defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Subtopic 820-10 classifies the inputs used to measure fair value into the following hierarchy: Level 1 Unadjusted quoted prices in active markets for identical assets or liabilities Level 2 Unadjusted quoted prices in active markets for similar assets or liabilities, or Unadjusted quoted prices for identical or similar assets or liabilities in markets that are not active, or Inputs other than quoted prices that are observable for the asset or liability Level 3 Unobservable inputs for the asset or liability The Company endeavors to utilize the best available information in measuring fair value. The Company estimates the fair value of its Senior Notes and Term Loan B based on quoted market prices of the instruments. Because these markets are typically thinly traded, the assets and liabilities are classified as Level 2 of the fair value hierarchy. The carrying values of cash and cash equivalents, accounts receivable, accounts payable and deferred purchase price notes on receivables sold (see Note 8, "Accounts Receivable Securitization"), approximate fair value, without being discounted as of September 30, 2016 and December 31, 2015 due to the short-term nature of these instruments. As a result of its global operating and financing activities, the Company is exposed to market risks from changes in foreign currency exchange rates, and commodity prices, which may adversely affect its operating results and financial position. When deemed appropriate, the Company minimizes these risks through the use of derivative financial instruments. Derivative financial instruments are used to manage risk and are not used for trading or other speculative purposes, and the Company does not use leveraged derivative financial instruments. The foreign currency exchange and commodity contracts are valued through an independent valuation source which uses an industry standard data provider, with resulting valuations periodically validated through third-party or counterparty quotes. As such, these derivative instruments are classified as Level 2 of the fair value hierarchy.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The Company uses derivative instruments to manage business risk exposures that have been identified through the risk identification and measurement process, provided they clearly qualify as "hedging" activities as defined in its risk policy. It is the Company's policy to enter into derivative transactions only to the extent true exposures exist; the Company does not enter into derivative transactions for trading or other speculative purposes. The primary risks the Company manages using derivative instruments are commodity price risk and foreign currency exchange risk. Swap contracts on various commodities are used to manage the price risk associated with forecasted purchases of materials used in the Company's manufacturing process. The Company also enters into various foreign currency derivative instruments to help manage foreign currency risk associated with its projected purchases and sales and foreign currency denominated receivable and payable balances. The Company designates commodity swaps and foreign currency exchange contracts as cash flow hedges of forecasted purchases of commodities and currencies. For derivative instruments that are designated and qualify as cash flow hedges, the effective portion of the gain or loss on the derivative is reported as a component of other comprehensive income (loss) and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains and losses on the derivative instruments representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings. In the next twelve months, the Company estimates $0.1 million of unrealized gains , net of tax, related to commodity price and currency rate hedging will be reclassified from other comprehensive (loss) income into earnings. Foreign currency and commodity hedging is generally completed prospectively on a rolling basis for fifteen and thirty-six months, respectively, depending on the type of risk being hedged. As of September 30, 2016 and December 31, 2015 , the Company had the following outstanding commodity and currency forward contracts that were entered into as hedge forecasted transactions: Units Hedged Commodity September 30, 2016 December 31, 2015 Unit Type Aluminum 1,113 1,215 MT Cash flow Copper 853 472 MT Cash flow Natural gas 87,285 49,396 MMBtu Cash flow Steel 6,400 11,073 Short tons Cash flow Units Hedged Currency September 30, 2016 December 31, 2015 Type Canadian Dollar 40,055,000 587,556 Cash flow European Euro 7,613,423 231,810 Cash flow British Pound 5,232,246 113,115 Cash flow Mexican Peso — 28,504,800 Cash flow U.S. Dollar 12,610,459 — Cash flow Singapore Dollar 3,115,000 — Cash flow For derivative instruments that are not designated as hedging instruments, the gains or losses on the derivatives are recognized in current earnings within " Other expense (income) — net " in the accompanying consolidated (condensed) statement of operations. As of September 30, 2016 and December 31, 2015 , the Company had the following outstanding commodity and currency forward contracts that were not designated as hedging instruments: Units Hedged Commodity September 30, 2016 December 31, 2015 Unit Type Aluminum 60 — MT Cash flow Steel 947 — Short tons Cash flow Units Hedged Currency September 30, 2016 December 31, 2015 Recognized Location Purpose Canadian Dollar 9,800,000 1,117,850 Other expense (income) — net Accounts payable and receivable settlement European Euro 12,500,000 — Other expense (income) — net Accounts payable and receivable settlement Swiss Franc 3,150,000 — Other expense (income) — net Accounts payable and receivable settlement The fair value of outstanding derivative contracts recorded as assets in the accompanying consolidated (condensed) balance sheets as of September 30, 2016 and December 31, 2015 was as follows: ASSET DERIVATIVES in millions Balance Sheet Location Fair Value September 30, 2016 December 31, 2015 Derivatives designated as hedging instruments: Foreign exchange contracts Prepaids and other current assets $ 0.9 $ — Commodity contracts Prepaids and other current assets 0.1 — Commodity contracts Other non-current assets 0.1 — Total derivatives designated as hedging instruments $ 1.1 $ — Total asset derivatives $ 1.1 $ — The fair values of outstanding derivative contracts recorded as liabilities in the accompanying consolidated (condensed) balance sheets as of September 30, 2016 and December 31, 2015 were as follows: LIABILITY DERIVATIVES (in millions) Balance Sheet Location Fair Value September 30, 2016 December 31, 2015 Derivatives designated as hedging instruments: Foreign exchange contracts Accrued expenses and other liabilities $ 0.3 $ 0.1 Commodity contracts Accrued expenses and other liabilities 0.5 2.4 Commodity contracts Other long-term liabilities 0.1 0.3 Total derivatives designated as hedging instruments $ 0.9 $ 2.8 Derivatives NOT designated as hedging instruments: Commodity contracts Accrued expenses and other liabilities $ 0.1 $ 0.7 Commodity contracts Other long-term liabilities — 0.1 Total derivatives NOT designated as hedging instruments $ 0.1 $ 0.8 Total liability derivatives $ 1.0 $ 3.6 The effects of derivative instruments in the accompanying consolidated (condensed) statements of operations for the three and nine months ended September 30, 2016 and 2015 for gains or losses initially recognized in "Accumulated other comprehensive loss" ("AOCI") in the accompanying consolidated (condensed) balance sheets were as follows: Derivatives in cash flow hedging relationships (in millions) Amount of gain (loss) recognized in AOCI on derivative (effective portion, net of tax) Location of gain (loss) reclassified from AOCI into income (effective portion) Amount of gain (loss) reclassified from AOCI into income (effective portion) Three Months Ended Three Months Ended September 30, 2016 September 30, 2015 September 30, 2016 September 30, 2015 Foreign exchange contracts $ (0.3 ) $ (0.1 ) Cost of sales $ 0.4 $ (0.3 ) Commodity contracts — (0.5 ) Cost of sales (0.2 ) (1.0 ) Total $ (0.3 ) $ (0.6 ) $ 0.2 $ (1.3 ) Nine Months Ended Nine Months Ended September 30, 2016 September 30, 2015 September 30, 2016 September 30, 2015 Foreign exchange contracts $ 0.4 $ 0.1 Cost of sales $ 0.3 $ (1.2 ) Commodity contracts 1.7 (1.7 ) Cost of sales (1.4 ) (2.2 ) Total $ 2.1 $ (1.6 ) $ (1.1 ) $ (3.4 ) Derivatives relationships (in millions) Amount of gain (loss) recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing) Location of gain (loss) recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing) Three Months Ended September 30, 2016 September 30, 2015 Commodity contracts $ — $ 0.1 Cost of sales Total $ — $ 0.1 Nine Months Ended September 30, 2016 September 30, 2015 Commodity contracts $ — $ 0.1 Cost of sales Total $ — $ 0.1 Derivatives NOT designated as hedging instruments (in millions) Amount of gain (loss) recognized in income on derivative Location of gain (loss) recognized in income on derivative Three Months Ended September 30, 2016 September 30, 2015 Foreign exchange contracts $ 0.6 $ 0.1 Other expense (income) — net Total $ 0.6 $ 0.1 Nine Months Ended September 30, 2016 September 30, 2015 Foreign exchange contracts $ — $ 0.1 Other expense (income) — net Commodity contracts 0.7 — Other expense (income) — net Total $ 0.7 $ 0.1

Inventories

Inventories	9 Months Ended
	Sep. 30, 2016
Inventory Disclosure [Abstract]
Inventories	Inventories The components of inventories at September 30, 2016 and December 31, 2015 are summarized as follows: September 30, December 31, (in millions) 2016 2015 Inventories — gross: Raw materials $ 70.5 $ 70.7 Work-in-process 18.5 18.7 Finished goods 96.0 83.4 Total inventories — gross 185.0 172.8 Excess and obsolete inventory reserve (24.8 ) (23.5 ) Net inventories at FIFO cost 160.2 149.3 Excess of FIFO costs over LIFO value (3.4 ) (3.4 ) Inventories — net $ 156.8 $ 145.9

Property, Plant and Equipment

Property, Plant and Equipment	9 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment The components of property, plant and equipment at September 30, 2016 and December 31, 2015 are summarized as follows: September 30, December 31, (in millions) 2016 2015 Land $ 7.3 $ 7.3 Building and improvements 92.1 94.3 Machinery, equipment and tooling 214.5 216.0 Furniture and fixtures 6.0 6.2 Computer hardware 53.5 51.2 Construction in progress 10.5 9.8 Total cost 383.9 384.8 Less accumulated depreciation (275.4 ) (268.4 ) Property, plant and equipment — net $ 108.5 $ 116.4

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The Company has three reportable segments: Americas, EMEA, and APAC. The Americas segment includes the U.S., Canada and Latin America. The EMEA segment is made up of markets in Europe, Middle East and Africa, including Russia and the commonwealth of independent states. The APAC segment is principally comprised of markets in China, Singapore, Australia, India, Malaysia, Indonesia, Thailand and the Philippines. The changes in the carrying amount of goodwill by reportable segment for the nine months ended September 30, 2016 , are as follows: (in millions) Americas EMEA APAC Total Balance as of December 31, 2015 $ 832.6 $ 4.8 $ 8.4 $ 845.8 Foreign currency impact — 0.1 — 0.1 Balance as of September 30, 2016 $ 832.6 $ 4.9 $ 8.4 $ 845.9 The Company accounts for goodwill and other intangible assets under the guidance of ASC Topic 350, "Intangibles - Goodwill and Other." The Company performs an annual impairment test or more frequently if events or changes in circumstances indicate that the asset might be impaired. The Company tests its reporting units and indefinite-lived intangible assets using a fair-value method based on the present value of future cash flows, which involves management's judgments and assumptions about the amounts of those cash flows and the discount rates used. The estimated fair value is then compared with the carrying amount of the reporting unit, including recorded goodwill, or indefinite-lived intangible asset. The intangible asset is then subject to risk of write-down to the extent that the carrying amount exceeds the estimated fair value. As of June 30, 2016, the Company performed the annual impairment test for its reporting units, which were Americas, EMEA, and APAC, as well as its indefinite-lived intangible assets, and based on those results, the fair value of each of the Company's reporting units exceeded their respective carrying values and no impairment was indicated. The gross carrying amount and accumulated amortization of the Company's intangible assets other than goodwill are as follows as of September 30, 2016 and December 31, 2015 : September 30, 2016 December 31, 2015 (in millions) Gross Carrying Amount Accumulated Amortization Amount Net Book Value Gross Carrying Amount Accumulated Amortization Amount Net Book Value Trademarks and tradenames $ 175.1 $ — $ 175.1 $ 175.1 $ — $ 175.1 Customer relationships 415.3 (166.2 ) 249.1 415.2 (150.4 ) 264.8 Patents 1.7 (1.7 ) — 1.7 (1.6 ) 0.1 Other intangibles 142.9 (71.0 ) 71.9 143.2 (63.6 ) 79.6 Total $ 735.0 $ (238.9 ) $ 496.1 $ 735.2 $ (215.6 ) $ 519.6 Amortization expense for the three months ended September 30, 2016 and 2015 was $7.8 million and $7.9 million , respectively. Amortization expense for the nine months ended September 30, 2016 and 2015 was $23.5 million and $23.6 million , respectively.

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses and Other Liabilities	9 Months Ended
	Sep. 30, 2016
Payables and Accruals [Abstract]
Accounts Payable and Accrued Expenses and Other Liabilities	Accounts Payable and Accrued Expenses and Other Liabilities Accounts payable and accrued expenses and other liabilities at September 30, 2016 and December 31, 2015 are summarized as follows: September 30, December 31, (in millions) 2016 2015 Accounts payable: Trade accounts payable and interest payable $ 115.9 $ 121.7 Income taxes payable 2.2 7.3 Total accounts payable $ 118.1 $ 129.0 Accrued expenses and other liabilities: Employee related expenses $ 33.2 $ 24.5 Restructuring expenses 3.9 16.8 Profit sharing and incentives 12.9 3.9 Accrued rebates 50.9 49.9 Deferred revenue - current 4.2 3.8 Dividend payable to MTW — 10.2 Customer advances 5.6 2.9 Product liability 3.0 2.6 Miscellaneous accrued expenses 40.1 43.0 Total accrued expenses and other liabilities $ 153.8 $ 157.6

Accounts Receivable Securitizat

Accounts Receivable Securitization	9 Months Ended
	Sep. 30, 2016
Transfers and Servicing [Abstract]
Accounts Receivable Securitization	Accounts Receivable Securitization Prior to the Spin-Off, MFS sold accounts receivable through an accounts receivable securitization facility, ("the Prior Securitization Program"), comprised of two funding entities: Manitowoc Funding, LLC ("U.S. Seller") and Manitowoc Cayman Islands Funding Ltd. ("Cayman Seller"). The U.S. Seller historically serviced domestic entities of both the Foodservice and Cranes segments of MTW and remitted all funds received directly to MTW. The Cayman Seller historically serviced solely MFS foreign entities and remitted all funds to MFS entities. The U.S. Seller remained with MTW subsequent to the Spin-Off, while the Cayman Seller was transferred to MFS subsequent to the Spin-Off. As the U.S. Seller is not directly attributable to MFS, only the receivables which were transferred to the U.S. Seller but not sold are reflected in MFS' accompanying consolidated (condensed) balance sheets. A portion of the U.S. Seller's historical expenses related to bond administration fees and settlement fees was allocated to MFS. As the Cayman Seller is directly attributable to MFS, the assets, liabilities, income and expenses of the Cayman Seller are included in MFS' accompanying consolidated (condensed) statements of operations and balance sheets. MFS' cost of funds under the facility used a London interbank offered rate (" LIBOR ") index rate plus a 1.25% fixed spread. On March 3, 2016, MFS entered into a new $110.0 million accounts receivable securitization program (the "2016 Securitization Facility") among the Cayman Seller, as seller, MFS, Garland Commercial Ranges Limited, Convotherm Elektrogeräte GmbH, Manitowoc Deutschland GmbH, Manitowoc Foodservice UK Limited, Manitowoc Foodservice Asia Pacific Private Limited and the other persons who may be from time to time, a party thereto, as servicers, with Wells Fargo Bank, National Association, as purchaser and agent, whereby MFS will sell certain of its domestic trade accounts receivable and certain of its non-U.S. trade accounts receivable to a wholly-owned, bankruptcy-remote, foreign special purpose entity, which in turn, will sell, convey, transfer and assign to a third-party financial institution (the “Purchaser”), all of the rights, title and interest in and to its pool of receivables. The Purchaser will receive ownership of the pool of receivables. MFS, along with certain of its subsidiaries, act as servicers of the receivables and as such administer, collect and otherwise enforce the receivables. The servicers will be compensated for doing so on terms that are generally consistent with what would be charged by an unrelated servicer. As servicers, they will initially receive payments made by obligors on the receivables but will be required to remit those payments in accordance with a receivables purchase agreement. The Purchaser will have no recourse for uncollectible receivables. The 2016 Securitization Facility also contains customary affirmative and negative covenants. Among other restrictions, these covenants require the Company to meet specified financial tests, which include a Consolidated Interest Coverage Ratio and a Consolidated Total Leverage Ratio that are the same as the covenant ratios required under the 2016 Credit Agreement as described in Note 9, "Debt." Due to a short average collection cycle of less than 60 days for such accounts receivable as well as MFS' collection history, the fair value of its deferred purchase price notes approximated book value. The fair value of the deferred purchase price notes recorded at September 30, 2016 and December 31, 2015 was $75.0 million and $48.4 million , respectively, and is included in "Accounts receivable, less allowances" in the accompanying consolidated (condensed) balance sheets. Trade accounts receivables sold to the Purchaser and being serviced by the Company totaled $89.7 million at September 30, 2016 and $100.9 million at December 31, 2015 . This decrease was primarily due to approximately $15.9 million of the balance being allocated from MTW from a combined securitization facility on a carve out basis at December 31, 2015 compared to the specific deferred purchase price notes on a standalone basis at September 30, 2016 and is reflected in "Net transactions with MTW" in cash flows from financing activities in the accompanying consolidated (condensed) statements of cash flows. Transactions under the 2016 Securitization Facility and the Prior Securitization Program were accounted for as sales in accordance with ASC Topic 860, "Transfers and Servicing." Sales of trade receivables to the Purchaser are reflected as a reduction of accounts receivable in the accompanying consolidated (condensed) balance sheets and the proceeds received, including collections on the deferred purchase price notes, are included in cash flows from operating activities in the accompanying consolidated (condensed) statements of cash flows. The Company deems the interest rate risk related to the deferred purchase price notes to be de minimis, primarily due to the short average collection cycle of the related receivables (i.e., 60 days) as noted above.

Debt

Debt	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Debt	Debt Senior Secured Credit Facilities On March 3, 2016, the Company entered into a credit agreement (the "2016 Credit Agreement") for a new senior secured revolving credit facility in an aggregate principal amount of $225.0 million (the "Revolving Facility") and a senior secured Term Loan B facility in an aggregate principal amount of $975.0 million (the "Term Loan B Facility" and, together with the Revolving Facility, the "Senior Secured Credit Facilities") with JPMorgan Chase Bank, N.A, as administrative agent and collateral agent, J.P. Morgan Securities LLC, Goldman Sachs Bank USA, HSBC Securities (USA) Inc., and Citigroup Global Markets Inc., on behalf of certain of its affiliates, as joint lead arrangers and joint bookrunners, and certain lenders, as lenders. The Revolving Facility includes (i) a $20.0 million sublimit for the issuance of letters of credit on customary terms, and (ii) a $40.0 million sublimit for swingline loans on customary terms. The Company entered into security and other agreements relating to the 2016 Credit Agreement. Borrowings under the Senior Secured Credit Facilities bear interest at a rate per annum equal to, at the option of MFS, (i) LIBOR plus the applicable margin of approximately 4.75% for term loans subject to a 1.00% LIBOR floor and 1.50% - 2.75% for revolving loans, based on consolidated total leverage, or (ii) an alternate base rate plus the applicable margin, which will be 1.00% lower than for LIBOR loans. The 2016 Credit Agreement contains financial covenants including (a) a Consolidated Interest Coverage Ratio, which measures the ratio of (i) Consolidated EBITDA, as defined in the 2016 Credit Agreement, to (ii) Consolidated Cash Interest Expense, and (b) a Consolidated Total Leverage Ratio, which measures the ratio of (i) Consolidated Indebtedness to (ii) Consolidated EBITDA for the most recent four fiscal quarters. The current covenant levels of the financial covenants under the Senior Secured Credit Facilities are set forth below: Fiscal Quarter Ending Consolidated Total Leverage Ratio (less than) Consolidated Interest Coverage Ratio (greater than) March 31, 2016 6.25:1.00 2.00:1.00 June 30, 2016 6.25:1.00 2.00:1.00 September 30, 2016 6.00:1.00 2.25:1.00 Obligations of the Company under the Senior Secured Credit Facilities are jointly and severally guaranteed by certain of its existing and future direct and indirectly wholly-owned U.S. subsidiaries (but excluding (i) unrestricted subsidiaries, (ii) immaterial subsidiaries, and (iii) special purpose securitization vehicles). There is a first priority perfected lien on substantially all of the assets and property of the Company and guarantors and proceeds therefrom excluding certain excluded assets. The liens securing the obligations of the Company under the Senior Secured Credit Facilities are pari passu. Senior Notes On February 18, 2016, the Company issued 9.50% Senior Notes due 2024 in an aggregate principal amount of $425.0 million (the "Senior Notes") under an indenture with Wells Fargo Bank, National Association, as trustee (the "Trustee"). The Senior Notes are fully and unconditionally guaranteed, jointly and severally, on an unsecured basis by each of the Company's domestic restricted subsidiaries that is a borrower or guarantor under the Senior Secured Credit Facilities. The Senior Notes and the subsidiary guarantees are unsecured, senior obligations. The Senior Notes were initially sold to qualified institutional buyers pursuant to Rule 144A (and outside the United States in reliance on Regulation S) under the Securities Act of 1933, as amended (the "Securities Act"). In August 2016, the Company completed an exchange offer pursuant to which all of the initial Senior Notes were exchanged for new Senior Notes, the issuance of which was registered pursuant under the Securities Act. The notes are redeemable, at the Company's option, in whole or in part from time to time, at any time prior to February 15, 2019, at a price equal to 100.0% of the principal amount thereof plus a “make-whole” premium and accrued but unpaid interest to the date of redemption. In addition, the Company may redeem the notes at its option, in whole or in part, at the following redemption prices (expressed as percentages of the principal amount thereof) if redeemed during the 12-month period commencing on February 15 of the years set forth below: Year Percentage 2019 107.1 % 2020 104.8 % 2021 102.4 % 2022 and thereafter 100.0 % The Company must generally offer to repurchase all of the outstanding Senior Notes upon the occurrence of certain specific change of control events at a purchase price equal to 101.0% of the principal amount of Senior Notes purchased plus accrued and unpaid interest to the date of purchase. The indenture provides for customary events of default. Generally, if an event of default occurs (subject to certain exceptions), the Trustee or the holders of at least 25.0% in aggregate principal amount of the then-outstanding Senior Notes may declare all the Senior Notes to be due and payable immediately. Outstanding debt at September 30, 2016 and December 31, 2015 is summarized as follows: September 30, December 31, (in millions) 2016 2015 Revolving credit facility $ 50.0 $ — Term Loan B 905.0 — Senior Notes due 2024 425.0 — Other 3.6 2.7 Total debt and capital leases, including current portion 1,383.6 2.7 Less current portion and short-term borrowings (1.8 ) (0.4 ) Less unamortized debt issuance costs (37.9 ) — Total long-term debt and capital leases $ 1,343.9 $ 2.3 As of September 30, 2016 , the Company had outstanding $3.6 million of other indebtedness that has a weighted-average interest rate for the three months ended September 30, 2016 of approximately 4.13% per annum. As of September 30, 2016 , the Company had $50.0 million of borrowings outstanding under the Revolving Facility. During the quarter ended September 30, 2016 , the highest daily borrowing was $57.0 million and the average borrowing was $47.9 million , while the average interest rate was 3.33% per annum. The interest rate fluctuates based upon LIBOR or a Prime rate plus a spread, which is based upon the Consolidated Total Leverage Ratio of the Company. As of September 30, 2016 , the spreads for LIBOR and Prime borrowings were 2.75% and 1.75% , respectively, given the Company's effective Consolidated Total Leverage Ratio for this period. As of September 30, 2016 , the Company was in compliance with all affirmative and negative covenants in its debt instruments, inclusive of the financial covenants pertaining to the Senior Secured Credit Facilities and the Senior Notes. Based upon management's current plans and outlook, management believes the Company will be able to comply with these covenants during the subsequent 12 months. As of September 30, 2016 , the Company's Consolidated Total Leverage Ratio was 5.29 : 1.00 , under the maximum ratio of 6.00 : 1.00 , and its Consolidated Interest Coverage Ratio was 3.17 : 1.00 , above the minimum ratio of 2.25 : 1.00 .

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the three months ended September 30, 2016 , the Company recorded a $7.1 million income tax provision, reflecting a 22.2% effective tax rate, compared to an $18.3 million income tax provision, reflecting a 30.8% effective tax rate for the three months ended September 30, 2015 . The decrease in the Company's tax provision for the three months ended September 30, 2016 , relative to the three months ended September 30, 2015 , resulted primarily from a $27.4 million reduction in global earnings before income taxes coupled with a decrease in U.S.-based earnings subject to tax at 35.0% , that included interest expense applicable to periods after the Spin-Off, and an increase in earnings derived from foreign jurisdictions subject to tax at lower rates. For the nine months ended September 30, 2016 , the Company recorded a $15.8 million income tax provision, compared to a $41.8 million income tax provision for the nine months ended September 30, 2015 . The decrease in the Company's tax provision for the nine months ended September 30, 2016 , relative to the prior year resulted primarily from $2.9 million in tax-related out-of-period balance sheet adjustments related to the Spin-Off that were recognized as discrete adjustments in the income tax provision for the first quarter of 2016. The Company does not believe these adjustments are material to its unaudited consolidated (condensed) financial statements for the nine months ended September 30, 2016 , or its comparative annual or quarterly financial statements. These adjustments were coupled with a $59.9 million reduction in earnings before income taxes and the weighting of foreign earnings before income taxes relative for the nine months ended September 30, 2016 compared to the nine months ended September 30, 2015 . The Company's effective tax rate varies from the 35.0% U.S. federal statutory rate due to the relative weighting of foreign earnings before income taxes and foreign effective tax rates that are generally lower than the U.S. federal statutory rate. Foreign earnings are generated from operations in the Company's three reportable segments of Americas, EMEA, and APAC. The Company will continue to periodically evaluate its valuation allowance requirements in light of changing facts and circumstances, and may adjust its deferred tax asset valuation allowances accordingly. It is reasonably possible that the Company will either add to, or reverse a portion of its existing deferred tax asset valuation allowances in the future. Such changes in the deferred tax asset valuation allowances will be reflected in the current operations through the Company's income tax provision, and could have a material effect on operating results. The Company's unrecognized tax benefits, including interest and penalties, were $12.1 million and $16.6 million as of September 30, 2016 and December 31, 2015 , respectively. The decrease for the nine months ended September 30, 2016 related to the portion of the unrecognized tax benefits allocable to the Company that were included in equity and a second quarter reduction in unrecognized tax benefits of $0.4 million . During the next twelve months, it is reasonably possible that unrecognized tax benefits will decrease by $1.2 million due to expiration of statute of limitation periods for the related items. The Company regularly assesses the likelihood of an adverse outcome resulting from examinations to determine the adequacy of its tax reserves. As of September 30, 2016 , the Company believes that it is more likely than not that the tax positions it has taken will be sustained upon the resolution of its audits resulting in no material impact on its consolidated financial position and the results of operations and cash flows. However, the final determination with respect to any tax audits, and any related litigation, could be materially different from the Company's estimates and/or from its historical income tax provisions and accruals and could have a material effect on operating results and/or cash flows in the periods for which that determination is made. In addition, future period earnings may be adversely impacted by litigation costs, settlements, penalties, and/or interest assessments.

Equity

Equity	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Equity	Equity On March 4, 2016, MTW distributed 137.0 million shares of MFS common stock to MTW's shareholders on a pro rata basis, and MFS became an independent publicly traded company with each shareholder receiving one share of its common stock for each share of MTW common stock held by the shareholder on February 22, 2016, the record date for the distribution. Any fractional shares of its common stock otherwise issuable to MTW shareholders were aggregated into whole shares and sold on the open market, and the fractional shareholders will receive a pro rata share of the proceeds of the sale, after deducting any taxes required to be withheld and after deducting an amount equal to all brokerage fees and other costs attributed to the sale. On March 3, 2016, prior to the completion of the Spin-Off, MFS paid a one-time cash dividend to MTW of $1,362.0 million . MFS did not declare or pay any other dividends to its stockholders during the three or nine months ended September 30, 2016 or September 30, 2015 . The following is a roll-forward of equity for the nine months ended September 30, 2016 and 2015 : (in millions, except share data) Shares Common Stock Additional Paid-In Capital (Deficit) Retained Earnings Net Parent Company Investment Accumulated Other Comprehensive (Loss) Income Total Equity (Deficit) Balance at December 31, 2015 — $ — $ — $ — $ 1,253.2 $ (44.5 ) $ 1,208.7 Net earnings — — — 42.8 15.3 — 58.1 Net transfers to MTW — — — — (1,362.0 ) — (1,362.0 ) Separation related adjustments — — — — (1.0 ) (47.4 ) (48.4 ) Reclassification of net investment to additional paid-in capital — — (94.5 ) — 94.5 — — Issuance of common stock at Spin-Off 137,016,712 1.4 (1.4 ) — — — — Issuance of common stock, equity-based compensation plans 1,455,590 — 15.1 — — — 15.1 Stock-based compensation expense — — 4.9 — — — 4.9 Adjustment from Spin-Off — — 0.6 — — — 0.6 Other comprehensive income — — — — — 50.8 50.8 Balance at September 30, 2016 138,472,302 $ 1.4 $ (75.3 ) $ 42.8 $ — $ (41.1 ) $ (72.2 ) (in millions, except share data) Shares Common Stock Additional Paid-In Capital Retained Earnings Net Parent Company Investment Accumulated Other Comprehensive (Loss) Income Total Equity Balance at December 31, 2014 — $ — $ — $ — $ 1,272.1 $ (20.7 ) $ 1,251.4 Net earnings — — — — 92.0 — 92.0 Other comprehensive loss — — — — — (19.8 ) (19.8 ) Net increase in net parent company investment — — — — (8.2 ) — (8.2 ) Balance at September 30, 2015 — $ — $ — $ — $ 1,355.9 $ (40.5 ) $ 1,315.4 Reconciliations for the changes in accumulated other comprehensive income (loss), net of tax, by component for the three and nine months ended September 30, 2016 and 2015 are as follows: (in millions) Foreign Currency Translation Gains and Losses on Cash Flow Hedges Pension & Postretirement Total Balance at December 31, 2015 $ (7.9 ) $ (1.8 ) $ (34.8 ) $ (44.5 ) Other comprehensive income (loss) before reclassifications 17.2 0.3 (9.4 ) 8.1 Amounts reclassified from accumulated other comprehensive income — 0.6 0.5 1.1 Net current period other comprehensive income (loss) 17.2 0.9 (8.9 ) 9.2 Balance at March 31, 2016 $ 9.3 $ (0.9 ) $ (43.7 ) $ (35.3 ) Other comprehensive (loss) income before reclassifications (6.1 ) 1.1 0.1 (4.9 ) Amounts reclassified from accumulated other comprehensive income — 0.4 0.2 0.6 Net current period other comprehensive (loss) income (6.1 ) 1.5 0.3 (4.3 ) Balance at June 30, 2016 $ 3.2 $ 0.6 $ (43.4 ) $ (39.6 ) Other comprehensive loss before reclassifications (0.5 ) (0.2 ) (1.1 ) (1.8 ) Amounts reclassified from accumulated other comprehensive income (loss) — (0.1 ) 0.4 0.3 Net current period other comprehensive (loss) income (0.5 ) (0.3 ) (0.7 ) (1.5 ) Balance at September 30, 2016 $ 2.7 $ 0.3 $ (44.1 ) $ (41.1 ) (in millions) Foreign Currency Translation Gains and Losses on Cash Flow Hedges Pension & Postretirement Total Balance at December 31, 2014 $ 17.3 $ (1.0 ) $ (37.0 ) $ (20.7 ) Other comprehensive (loss) income before reclassifications (11.1 ) (2.4 ) 1.4 (12.1 ) Amounts reclassified from accumulated other comprehensive income — 0.7 0.3 1.0 Net current period other comprehensive (loss) income (11.1 ) (1.7 ) 1.7 (11.1 ) Balance at March 31, 2015 $ 6.2 $ (2.7 ) $ (35.3 ) $ (31.8 ) Other comprehensive income (loss) before reclassifications 1.3 0.1 (1.4 ) — Amounts reclassified from accumulated other comprehensive income — 0.6 0.2 0.8 Net current period other comprehensive income (loss) 1.3 0.7 (1.2 ) 0.8 Balance at June 30, 2015 $ 7.5 $ (2.0 ) $ (36.5 ) $ (31.0 ) Other comprehensive (loss) income before reclassifications (9.2 ) (1.4 ) — (10.6 ) Amounts reclassified from accumulated other comprehensive income — 0.8 0.3 1.1 Net current period other comprehensive (loss) income (9.2 ) (0.6 ) 0.3 (9.5 ) Balance at September 30, 2015 $ (1.7 ) $ (2.6 ) $ (36.2 ) $ (40.5 ) The following is a reconciliation of the reclassifications out of accumulated other comprehensive income (loss), net of tax, for the three and nine months ended September 30, 2016 : Three Months Ended September 30, 2016 Nine Months Ended September 30, 2016 (in millions) Amount Reclassified from Accumulated Other Comprehensive Income Amount Reclassified from Accumulated Other Comprehensive Income Recognized Location Gains and losses on cash flow hedges Foreign exchange contracts $ 0.4 $ 0.3 Cost of sales Commodity contracts (0.2 ) (1.4 ) Cost of sales 0.2 (1.1 ) Total before tax (0.1 ) 0.4 Tax (expense) benefit $ 0.1 $ (0.7 ) Net of tax Amortization of pension and postretirement items Actuarial losses $ (0.6 ) $ (1.9 ) (a) (0.6 ) (1.9 ) Total before tax 0.2 0.7 Tax benefit $ (0.4 ) $ (1.2 ) Net of tax Total reclassifications for the period, net of tax $ (0.3 ) $ (1.9 ) Net of tax (a) These other comprehensive income (loss) components are included in the net periodic pension cost (see Note 16, "Employee Benefit Plans," for further details). The following is a reconciliation of the reclassifications out of accumulated other comprehensive income (loss), net of tax, for the three and nine months ended ended September 30, 2015 : Three Months Ended September 30, 2015 Nine Months Ended September 30, 2015 (in millions) Amount Reclassified from Accumulated Other Comprehensive Income Amount Reclassified from Accumulated Other Comprehensive Income Recognized Location Gains and losses on cash flow hedges Foreign exchange contracts $ (0.3 ) $ (1.2 ) Cost of sales Commodity contracts (1.0 ) (2.2 ) Cost of sales (1.3 ) (3.4 ) Total before tax 0.5 1.3 Tax benefit $ (0.8 ) $ (2.1 ) Net of tax Amortization of pension and postretirement items Actuarial losses $ (0.3 ) $ (0.8 ) (a) (0.3 ) (0.8 ) Total before tax — — Tax benefit $ (0.3 ) $ (0.8 ) Net of tax Total reclassifications for the period, net of tax $ (1.1 ) $ (2.9 ) Net of tax (a) These other comprehensive income (loss) components are included in the net periodic pension cost (see Note 16, "Employee Benefit Plans," for further details).

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company's employees historically participated in MTW's stock-based compensation plans. Stock-based compensation expense relating to awards under MTW's stock-based compensation plans has been allocated to the Company based on the awards and terms previously granted to its employees. Until consummation of the Spin-Off, the Company continued to participate in MTW's stock-based compensation plans and record stock-based compensation expense based on the stock-based awards granted to the Company's employees. The Company adopted the 2016 Omnibus Incentive Compensation Plan (the "2016 Plan"), under which it makes equity-based and cash-based incentive awards to attract, retain, focus and motivate executives and other selected employees, directors, consultants and advisors. The 2016 Plan is intended to accomplish these objectives by offering participants the opportunity to acquire shares of MFS common stock, receive monetary payments based on the value of such common stock or receive other incentive compensation under the 2016 Plan. In addition, the 2016 Plan permits the issuance of awards ("Replacement Awards") in partial substitution for awards relating to shares of common stock of MTW that were outstanding immediately prior to the Spin-Off. The Company's Compensation Committee administers the 2016 Plan (the "Administrator"). The 2016 Plan authorizes the Administrator to interpret the provisions of the 2016 Plan; prescribe, amend and rescind rules and regulations relating to the 2016 Plan; correct any defect, supply any omission, or reconcile any inconsistency in the 2016 Plan, any award or any agreement covering an award; and make all other determinations necessary or advisable for the administration of the 2016 Plan, in each case in its sole discretion. The 2016 Plan permits the granting of stock options (including incentive stock options), stock appreciation rights, restricted stock awards, restricted stock units, performance shares, performance units, annual cash incentives, long-term cash incentives, dividend equivalent units and other types of stock-based awards. Under the 2016 Plan, 16.2 million shares of MFS common stock have been reserved for issuance, all of which may be issued upon the exercise of incentive stock options. These numbers may be adjusted in the event of certain corporate transactions or other events specified in the 2016 Plan. Following the Spin-Off on March 4, 2016, the Company granted long-term stock-based incentive awards under the 2016 Plan to its executive officers. The long-term stock-based incentive awards consisted of stock options with 4 -year ratable vesting ( 25% of the aggregate grant value of the long-term incentive award) and performance shares ( 75% of the aggregate grant value of the long-term incentive award) that will be earned or forfeited based on performance as measured by cumulative fully diluted earnings per share and return on invested capital over a 3 -year performance period. The details of these awards to the Company's named executive officers will be disclosed as required by applicable SEC regulations in the Company's proxy statement for its annual meeting in 2017. Total stock-based compensation expense was $1.2 million and $0.7 million for the three months ended September 30, 2016 and 2015 , respectively. The three months ended September 30, 2016 also included $0.3 million of additional separation expense recorded as a result of the modification of certain MTW restricted stock unit awards to pay out at target upon consummation of the Spin-Off. Total stock-based compensation expense was $3.8 million and $2.3 million for the nine months ended September 30, 2016 and 2015 , respectively. The nine months ended September 30, 2016 also included $1.1 million of additional separation expense recorded as a result of the modification of certain MTW restricted stock unit awards to pay out at target upon consummation of the Spin-Off. The Company recognizes stock-based compensation expense over the stock-based awards' vesting period. The Company granted options to acquire 0.3 million and 0.2 million shares of common stock to employees during the nine months ended September 30, 2016 and 2015 , respectively. In addition, the Company issued a total of 0.3 million restricted stock units to employees and directors during the nine months ended September 30, 2016 , and 0.1 million restricted stock units to employees and directors during the nine months ended September 30, 2015 . The restricted stock units granted to employees in 2015 and 2016 vest on the third anniversary of the grant date. The restricted stock units granted to directors in 2015 vest on the second anniversary of the grant date.

Contingencies and Significant E

Contingencies and Significant Estimates	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Contingencies and Significant Estimates	Contingencies and Significant Estimates As of September 30, 2016 , the Company held reserves for environmental matters related to certain locations of approximately $0.5 million . At certain of the Company's other facilities, it has identified potential contaminants in soil and groundwater. The ultimate cost of any remediation required will depend upon the results of future investigation. Based upon available information, the Company does not expect the ultimate costs at any of these locations will have a material adverse effect on its financial condition, results of operations, or cash flows individually or in the aggregate. The Company believes that it has obtained and is in substantial compliance with those material environmental permits and approvals necessary to conduct its various businesses. Based on the facts presently known, it does not expect environmental compliance costs to have a material adverse effect on its financial condition, results of operations or cash flows. As of September 30, 2016 , various product-related lawsuits were pending. To the extent permitted under applicable law, all of these are insured with self-insurance retention levels. The Company's self-insurance retention levels vary by business, and have fluctuated over the last 10 years. The range of the Company's self-insured retention levels is $0.1 million to $0.3 million per occurrence. As of September 30, 2016 , the largest self-insured retention level for new occurrences currently maintained by the Company was $0.3 million per occurrence and applied to product liability claims for the hot category products manufactured in the United States. Product liability reserves in the accompanying consolidated (condensed) balance sheets at September 30, 2016 and December 31, 2015 were $3.0 million and $2.6 million , respectively; $1.2 million and $0.9 million , respectively, was reserved specifically for actual cases, and $1.8 million and $1.7 million , respectively, for claims incurred but not reported, which were estimated using actuarial methods. Based on the Company's experience in defending product liability claims, management believes the current reserves are adequate for estimated case resolutions on aggregate self-insured claims and insured claims. Any recoveries from insurance carriers are dependent upon the legal sufficiency of claims and solvency of insurance carriers. At September 30, 2016 and December 31, 2015 , the Company had reserved $30.8 million and $34.3 million , respectively, for warranty claims included in "Product warranties" in the accompanying consolidated (condensed) balance sheets. Certain of these warranty and other related claims involve matters in dispute that ultimately are resolved by negotiations, arbitration or litigation. See Note 14, “Product Warranties,” for further information. It is reasonably possible that the estimates for environmental remediation, product liability and warranty costs may change in the near future based upon new information that may arise or matters that are beyond the scope of its historical experience. Presently, there are no reliable methods to estimate the amount of any such potential changes. The Company is also involved in various legal actions arising out of the normal course of business, which, taking into account the liabilities accrued and legal counsel's evaluation of such actions, in the opinion of management, the ultimate resolution of all matters is not expected to have a material adverse effect on the Company's financial condition, results of operations or cash flows.

Product Warranties

Product Warranties	9 Months Ended
	Sep. 30, 2016
Guarantees [Abstract]
Product Warranties	Product Warranties In the normal course of business, the Company provides its customers product warranties covering workmanship, and in some cases materials, on products manufactured by the Company. Such product warranties generally provide that products will be free from defects for periods ranging from 12 months to 60 months with certain equipment having longer-term warranties. If a product fails to comply with the Company's warranty, the Company may be obligated, at its expense, to correct any defect by repairing or replacing such defective products. The Company provides for an estimate of costs that may be incurred under its warranty at the time product revenue is recognized. These costs primarily include labor and materials, as necessary, associated with repair or replacement. The primary factors that affect its warranty liability include the number of units shipped and historical and anticipated warranty claims. As these factors are impacted by actual experience and future expectations, the Company assesses the adequacy of its recorded warranty liability and adjusts the amounts as necessary. Below is a table summarizing the product warranties activity for the nine months ended September 30, 2016 and for the twelve months ended December 31, 2015 : September 30, December 31, (in millions) 2016 2015 Balance at the beginning of the period $ 40.0 $ 42.0 Accruals for warranties issued 17.0 24.2 Settlements made (in cash or in kind) (20.4 ) (25.2 ) Currency translation impact (0.2 ) (1.0 ) Balance at the end of the period $ 36.4 $ 40.0 The Company also offers extended warranties, which are recorded as deferred revenue and are amortized to income on a straight-line basis over a period equal to that of the warranty period. The deferred revenue on warranties included in "Accrued expenses and other liabilities" and "Other long-term liabilities" in the accompanying consolidated (condensed) balance sheets at September 30, 2016 and December 31, 2015 , was $5.6 million and $5.7 million , respectively. Removing deferred revenue from the ending balances detailed above, the total amount of product warranties at September 30, 2016 and December 31, 2015 , was $30.8 million and $34.3 million , respectively.

Restructuring

Restructuring	9 Months Ended
	Sep. 30, 2016
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring In conjunction with the acquisition of Enodis in October 2008, certain restructuring activities were undertaken to recognize cost synergies and rationalize the new cost structure of the Company. The restructuring reserve balance as of September 30, 2016 and December 31, 2015 includes certain of these costs, including a pension withdrawal liability, which are recorded in "Accrued expenses and other liabilities" and "Other long-term liabilities" in the accompanying consolidated (condensed) balance sheets. The Company recorded additional amounts in 2016 primarily related to the pension withdrawal liability and the proposed closing of its Sellersburg and Singapore facilities. The Company recorded additional amounts in 2015 primarily related to a company-wide reduction in force and the closing of its Cleveland facility. The following is a rollforward of all restructuring activities for the nine months ended September 30, 2016 (in millions): Restructuring Restructuring Use of Reserve Restructuring Reserve Balance as of September 30, 2016 $ 16.8 $ 2.2 $ (3.7 ) $ 15.3 On August 11, 2016, the Company announced that it will transfer the products manufactured at its Singapore plant to its plants in Prachinburi, Thailand and Foshan, China and subsequently close the Singapore plant, which occurred by the end of Q3 2016. This action relates entirely to the Company's APAC reportable segment. The Company expects to incur approximately $3.0 million of restructuring expenses in 2016 in connection with these product transfers and plant closures and plans to sell the related assets within the next 6 months. During the fourth quarter of 2015 and through the first half of 2016, the Company relocated its manufacturing, warehousing and distribution operations conducted at its Cleveland, Ohio plant and subsequently closed this facility. These actions relate entirely to the Company's Americas reportable segment. The Company expects to sell the related land, building and building improvements within the next 6 months. As of September 30, 2016 , the property, plant and equipment - net of $2.6 million and $3.5 million related to the Singapore and Cleveland plant closures, respectively, met the criteria to be classified as held for sale and are presented as "Current assets held for sale" in the accompanying consolidated (condensed) balance sheets.

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plans	Employee Benefit Plans The Company maintains several different retirement plans for its operations in the United States, Europe and Asia. This footnote describes those retirement plans that are maintained for the Company's U.S.-based employees. The current plans are based largely upon benefit plans that MTW maintained prior to the Spin-Off. The Company has established a Retirement Plan Committee to manage the operations and administration of all retirement plans and related trusts. Defined Benefit Plans Prior to December 31, 2015, MTW maintained two defined benefit pension plans for its eligible employees and retirees: (1) The Manitowoc Company, Inc. Pension Plan (the “MTW Pension Plan”); and (2) The Manitowoc Company, Inc. Supplemental Executive Retirement Plan (the “MTW SERP”). The MTW Pension Plan and the MTW SERP (together, the “MTW DB Plans”) covered eligible employees of MTW, including MTW's Cranes business and Foodservice business. The MTW Pension Plan is frozen to new participants and future benefit accruals. Effective January 1, 2016, a portion of each MTW DB Plan was spun off to create separate plans for MTW's Foodservice business: (1) the Manitowoc Foodservice Pension Plan (the “MFS Pension Plan”); and (2) the Manitowoc Foodservice Supplemental Executive Retirement Plan (the “MFS SERP”). The MFS Pension Plan and the MFS SERP (together, the “MFS DB Plans”) were initially sponsored by Manitowoc FSG U.S. Holding, LLC. MFS assumed sponsorship of the MFS DB Pension Plans on March 4, 2016. MFS no longer participates in the MTW DB Plans. The MFS DB Plans are substantially similar to the former MTW DB Plans. When comparing the current financial information to financial statements for prior years, it is important to distinguish between: (1) the defined benefit plan that also covered employees of MTW and other MTW subsidiaries (the “Shared Plans”); and (2) the defined benefit plans which are sponsored directly by MFS or its subsidiaries and offered only to MFS employees or retirees (the “Direct Plans”). MFS accounted for the Shared Plans for the purpose of the consolidated (condensed) financial statements as a multiemployer plan. Accordingly, MFS did not record an asset or liability to recognize the funded status of the Shared Plans. However, the costs associated with these Shared Plans of $0.1 million for the three months ended September 30, 2015 and $0.1 million and $0.9 million for the nine months ended September 30, 2016 and 2015 , respectively, are reflected in the accompanying consolidated (condensed) statements of operations. This expense reflects an approximation of MFS' portion of the costs of the Shared Plans as well as costs attributable to MTW corporate employees, which have been allocated to the consolidated (condensed) statements of operations based on methodology deemed reasonable by management. During the nine months ended September 30, 2016 , MFS assumed certain pension obligations of $55.6 million and related plan assets of $34.1 million , and certain postretirement health obligations of $6.8 million , to newly-created single employer plans for MFS employees and certain other MTW-sponsored pension plans, as described above. This net transfer of approximately $28.3 million was treated as a non-cash transaction between the Company and MTW. The Company also assumed after-tax deferred gains of $6.1 million related to these plans, which were recorded in AOCI. The Direct Plans are accounted for as defined benefit plans. Accordingly, the funded and unfunded position of each Direct Plan is recorded in MFS consolidated (condensed) balance sheets and the income and expenses are recorded in the accompanying consolidated (condensed) statements of operations. Actuarial gains and losses that have not yet been recognized through income are recorded in "Accumulated other comprehensive (loss) income, net of taxes" until they are amortized as a component of net periodic benefit cost. The determination of benefit obligations and the recognition of expenses related to the Direct Plans are dependent on various assumptions. The major assumptions primarily relate to discount rates, long-term expected rates of return on plan assets, and future compensation increases. Management develops each assumption using relevant company experience in conjunction with market-related data for each individual country in which such plans exist. The components of periodic benefit costs for the Direct Plans for the three and nine months ended September 30, 2016 and 2015 are as follows: Three Months Ended Nine Months Ended September 30, 2016 September 30, 2016 (in millions) Pension Plans Postretirement Pension Plans Postretirement Service cost - benefits earned during the period $ 0.1 $ — $ 0.2 $ — Interest cost of projected benefit obligations 2.0 0.1 6.3 0.3 Expected return on plan assets (1.5 ) — (4.7 ) — Amortization of actuarial net loss 0.6 — 1.9 — Net periodic benefit costs $ 1.2 $ 0.1 $ 3.7 $ 0.3 Three Months Ended Nine Months Ended September 30, 2015 September 30, 2015 (in millions) Pension Plans Postretirement Pension Plans Postretirement Service cost - benefits earned during the period $ 0.1 $ — $ 0.3 $ — Interest cost of projected benefit obligations 1.7 — 4.9 0.1 Expected return on plan assets (1.4 ) — (4.1 ) — Amortization of actuarial net loss 0.3 (0.1 ) 0.9 (0.1 ) Net periodic benefit costs $ 0.7 $ (0.1 ) $ 2.0 $ — Defined Contribution Plans Prior to December 31, 2015, MTW maintained three defined contribution retirement plans for its eligible employees and retirees: (1) The Manitowoc Company, Inc. 401(k) Retirement Plan (the “MTW 401(k) Retirement Plan”); (2) The Manitowoc Company, Inc. Retirement Savings Plan (the “MTW Retirement Savings Plan”); and (3) The Manitowoc Company, Inc. Deferred Compensation Plan (the “MTW Deferred Compensation Plan”). The MTW 401(k) Retirement Plan, the MTW Retirement Savings Plan and the MTW Deferred Compensation Plan (together, the “MTW DC Plans”) covered eligible employees of MTW, including MTW's Cranes business and Foodservice business. Effective January 1, 2016, a portion of each MTW DC Plan was spun off to create separate plans for MTW's Foodservice business: (1) the Manitowoc Foodservice 401(k) Retirement Plan (the “MFS 401(k) Retirement Plan”); (2) the Manitowoc Foodservice Retirement Savings Plan (the “MFS Retirement Savings Plan”); and (3) the Manitowoc Foodservice Deferred Compensation Plan (the “MFS Deferred Compensation Plan”). The MFS 401(k) Retirement Plan, the MFS Retirement Savings Plan and the MFS Deferred Compensation Plan (together, the “MFS DC Plans”) were initially sponsored by Manitowoc FSG U.S. Holding, LLC. MFS assumed sponsorship of the MFS DC Pension Plans on March 4, 2016. MFS no longer participates in the MTW DC Plans. The MFS DC Plans are substantially similar to the former MTW DB Plans. The MTW DC Plans and the MFS DC Plans result in individual participant balances that reflect a combination of amounts contributed by MTW and MFS or deferred by the participant, amounts invested at the direction of either the company or the participant, and the continuing reinvestment of returns until the accounts are distributed.

Business Segments

Business Segments	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Business Segments	Business Segments The Company identifies its segments using the “management approach,” which designates the internal organization that is used by management for making operating decisions and assessing performance as the source of MFS' reportable segments. Management organizes the business based on geography, and has designated the regions Americas, EMEA, and APAC as reportable segments. The accounting policies of the segments are the same as those described in the summary of accounting policies in Note 1, "Description of the Business and Basis of Presentation," except that certain corporate-level expenses were not allocated to the segments for the periods prior to the Spin-Off. These unallocated expenses are corporate overhead, stock-based compensation expense, amortization expense of intangible assets with definite lives, restructuring expense and other non-operating expenses. MFS evaluates segment performance based upon earnings before interest, taxes, other (income) expense and amortization expense ("Operating EBITA") before the aforementioned expenses. Financial information relating to the Company's reportable segments for the three and nine months ended September 30, 2016 and 2015 is as follows: Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2016 2015 2016 2015 Net sales: Americas $ 316.9 $ 359.4 $ 881.7 $ 999.8 EMEA 67.9 68.9 212.8 214.9 APAC 52.5 48.6 134.5 135.5 Elimination of intersegment sales (53.3 ) (51.6 ) (151.1 ) (171.8 ) Total net sales $ 384.0 $ 425.3 $ 1,077.9 $ 1,178.4 Segment Operating EBITA: Americas $ 64.5 $ 61.6 $ 166.2 $ 141.3 EMEA 9.7 5.0 26.6 15.5 APAC 8.3 7.7 15.6 17.9 Total segment Operating EBITA 82.5 74.3 208.4 174.7 Corporate and unallocated (14.1 ) (12.5 ) (40.8 ) (32.0 ) Amortization expense (7.8 ) (7.9 ) (23.5 ) (23.6 ) Interest expense (25.0 ) (0.3 ) (60.5 ) (1.0 ) Interest income (expense) on notes with MTW — net — 4.2 (0.1 ) 13.5 Other (expense) income — net (3.6 ) 1.6 (9.6 ) 2.2 Earnings before income taxes $ 32.0 $ 59.4 $ 73.9 $ 133.8 Operating EBITA % by segment (1) : Americas 20.4 % 17.1 % 18.8 % 14.1 % EMEA 14.3 % 7.3 % 12.5 % 7.2 % APAC 15.8 % 15.8 % 11.6 % 13.2 % (1) Operating EBITA % in the section above is calculated by dividing the dollar amount of Operating EBITA by net sales for each respective segment. Net sales by geographic area (2) : United States $ 257.5 $ 292.4 $ 713.7 $ 808.8 Other Americas 26.2 29.5 73.2 80.5 EMEA 56.7 62.4 177.5 177.2 APAC 43.6 41.0 113.5 111.9 Total net sales by geographic area $ 384.0 $ 425.3 $ 1,077.9 $ 1,178.4 (2) Net sales in the section above are attributed to geographic regions based on location of customer. As of September 30, 2016 and December 31, 2015 , total assets by reportable segment are as follows: (in millions) September 30, 2016 December 31, 2015 Total assets by segment: Americas $ 1,487.7 $ 1,495.2 EMEA 157.5 148.5 APAC 97.1 96.5 Corporate 75.4 13.8 Total assets $ 1,817.7 $ 1,754.0

Net Parent Company Investment a

Net Parent Company Investment and Related Party Transactions	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Net Parent Company Investment and Related Party Transactions	Net Parent Company Investment and Related Party Transactions Related Party Transactions and Cash Management Prior to the Spin-Off : MFS does not enter into transactions with related parties to purchase and/or sell goods or services in the ordinary course of business. Transactions between MFS and MTW are reflected in "Net parent company investment" in the accompanying consolidated (condensed) balance sheets and in the accompanying consolidated (condensed) statements of cash flows as a financing activity in “Net transactions with MTW.” Prior to the Spin-Off, MFS participated in MTW's centralized cash management program in which cash was swept each day and held in a centralized account at the corporate level. Net Parent Company Investment and Corporate Cost Allocations Prior to the Spin-Off : Prior to the Spin-Off, MTW performed certain general and corporate functions on MFS' behalf. The related costs included, but were not limited to, accounting, treasury, tax, legal, human resources, audit, and information technology (“general corporate expenses”). For purposes of preparing the combined financial statements for periods prior to the Spin-Off these costs were allocated on a basis of direct usage, where identifiable, or through the use of allocation methodologies based on percentage of sales, headcount, or other methodologies deemed appropriate by management. These general corporate expenses were included within “Selling, general and administrative” costs and "Net Parent Company Investment," accordingly. Management believes the assumptions associated with allocating these costs are reasonable. Nevertheless, the combined financial statements may not include all of the actual expense that would have been incurred and may not represent MFS' results of operations, financial position, or cash flows had it been a stand-alone company during the periods prior to the Spin-Off. Actual costs that would have been incurred if MFS had been a standalone company would depend on multiple factors, including organizational structure and strategic decisions made in various areas, including information technology and infrastructure. General corporate expenses allocated to MFS during the three and nine months ended September 30, 2016 was $0.0 million and $5.2 million , respectively, and general corporate expenses allocated to MFS during the three and nine months ended September 30, 2015 were $5.9 million and $19.0 million , respectively. None of MTW's debt has been reflected in the accompanying consolidated (condensed) balance sheet of MFS as of December 31, 2015 because MFS was not a party to the obligations between MTW and the debt holders. No financing costs or interest expense associated with MTW's debt has been allocated to the consolidated (condensed) financial statements for periods prior to the Spin-Off. All significant intercompany transactions between MFS and MTW have been included within Net Parent Company Investment in the accompanying consolidated (condensed) balance sheet related to the period ended December 31, 2015. The total effect of the settlement of these intercompany transactions is reflected as a financing activity in the consolidated (condensed) statements of cash flows. However, the interest income and expense related to the notes with MTW is presented on a net basis in the consolidated (condensed) statements of operations. There was no interest income on the notes with MTW during the three and nine months ended September 30, 2016 . Interest income on the notes with MTW was $4.2 million and $13.5 million for the three and nine months ended September 30, 2015 , respectively. Interest expense on the notes with MTW was $0.1 million for the nine months ended September 30, 2016 . There was no interest expense on the notes with MTW during the nine months ended September 30, 2015 . The notes receivable balance from MTW as of December 31, 2015 was $70.8 million . The notes payable balance to MTW as of December 31, 2015 was $9.9 million . Guarantees Prior to the Spin-Off: Certain of MTW's subsidiaries, which includes selected entities that are part of MFS, entered into guarantee agreements with MTW's lenders whereby these subsidiaries guaranteed the obligations under, and/or pledged their assets as collateral, with respect to such MTW debt. However, none of these MFS subsidiaries were named as obligors in the debt agreements held in the name of MTW. For that reason, MTW did not historically allocate debt balances and/or charge out third-party debt related expenses to MFS. Post Spin-Off Activity: In connection with the Spin-Off, the Company entered into a series of agreements with MTW, which are intended to govern the relationship between MFS and MTW and to facilitate an orderly separation of MFS from MTW. These agreements include a Master Separation and Distribution Agreement ("Separation Agreement"), Transition Services Agreement ("TSA"), Employee Matters Agreement, Intellectual Property Matters Agreement, and Tax Matters Agreement. In accordance with the Separation Agreement, at the time of the Spin-Off, MTW contributed its net investment in MFS and certain assets and liabilities in exchange for a $1,362.0 million cash distribution that was funded through the long-term debt incurred by MFS. In addition, separation related adjustments are included in additional paid-in capital (deficit) on the consolidated (condensed) balance sheet consisting of net liabilities assumed by MFS related to the pension plans of $21.5 million , post-retirement medical obligations of $6.8 million , income taxes payable of $0.6 million and $47.4 million of other comprehensive income related to pension and currency translation, net of tax. The Separation Agreement included provisions on the allocation of assets and liabilities between legal entities that were being split into a separate MTW and MFS legal entity as part of the Spin-Off. The Separation Agreement also included provisions on the split of joint administrative costs that were incurred post Spin-Off. Under the TSA, MFS and MTW will provide each other certain specified services on a transitional basis, including, among others, payroll and other human resource services, information systems, insurance, legal, finance and other corporate services, as well as procurement and sourcing support. The charges for the transition services are generally intended to allow the providing company to fully recover the allocated direct costs of providing the services, plus all out-of-pocket costs and expenses, generally without profit except where required by local law. MFS anticipates that it will generally be in a position to complete the transition of most services on or before 12 months following the date of the Spin-Off. The expenses related to the TSA through September 30, 2016 were immaterial.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share On March 4, 2016, MTW distributed 137.0 million shares of MFS common stock to MTW shareholders, thereby completing the Spin-Off. Basic and diluted earnings per common share and the average number of common shares outstanding were retrospectively restated for the number of MFS shares outstanding immediately following this transaction. The same number of shares were used to calculate basic and diluted earnings per share, for the prior periods presented, since no equity awards were outstanding prior to the Spin-Off. The following is a reconciliation of the average shares outstanding used to compute basic and diluted earnings per share. Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Basic weighted average common shares outstanding 138,277,039 137,016,712 137,618,628 137,016,712 Effect of dilutive securities 1,211,538 — 1,217,206 — Diluted weighted average common shares outstanding 139,488,577 137,016,712 138,835,834 137,016,712 For the three and nine months ended September 30, 2016 , 2.4 million and 2.5 million of common shares issuable upon the exercise of stock options were anti-dilutive and were excluded from the calculation of diluted shares, respectively. On March 3, 2016, prior to the completion of the Spin-Off, MFS paid a one-time cash dividend to MTW of approximately $1,362.0 million . MFS did not declare or pay any other dividends to its stockholders during the three or nine months ended September 30, 2016 or September 30, 2015 , respectively.

Subsidiary Guarantors of Senior

Subsidiary Guarantors of Senior Notes due 2024	9 Months Ended
	Sep. 30, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Subsidiary Guarantors of Senior Notes due 2024	Subsidiary Guarantors of Senior Notes due 2024 The following tables present consolidating (condensed) financial information for (a) MFS; (b) the guarantors of the Senior Notes, which include substantially all of the domestic, 100% owned subsidiaries of MFS ("Subsidiary Guarantors"); and (c) the wholly and partially owned foreign subsidiaries of MFS, which do not guarantee the Senior Notes ("Non-Guarantor Subsidiaries"). The information includes elimination entries necessary to consolidate the Subsidiary Guarantors and the Non-Guarantor Subsidiaries. Investments in subsidiaries are accounted for using the equity method of accounting. The principal elimination entries eliminate investments in subsidiaries, equity and intercompany balances and transactions. Separate financial statements of the Subsidiary Guarantors are not presented because the guarantors are fully and unconditionally, jointly and severally liable under the guarantees, except for normal and customary release provisions. MANITOWOC FOODSERVICE, INC. Consolidating (Condensed) Statement of Operations For the Three Months Ended September 30, 2016 (Unaudited) (in millions) Parent Guarantor Non- Eliminations Consolidated Net sales $ — $ 285.4 $ 192.2 $ (93.6 ) $ 384.0 Cost of sales 1.2 197.2 137.2 (93.6 ) 242.0 Gross profit (1.2 ) 88.2 55.0 — 142.0 Selling, general and administrative expenses 8.3 37.9 23.7 — 69.9 Amortization expense — 7.1 0.7 — 7.8 Separation expense 1.3 0.1 — — 1.4 Restructuring expense — 0.6 — — 0.6 Asset impairment expense — 1.7 — — 1.7 (Loss) earnings from operations (10.8 ) 40.8 30.6 — 60.6 Interest expense 24.2 0.2 0.6 — 25.0 Other expense — net 1.4 1.4 0.8 — 3.6 Equity in earnings (loss) of subsidiaries 41.0 22.6 — (63.6 ) — Earnings (loss) before income taxes 4.6 61.8 29.2 (63.6 ) 32.0 Income (benefit) taxes (20.3 ) 20.8 6.6 — 7.1 Net earnings (loss) $ 24.9 $ 41.0 $ 22.6 $ (63.6 ) $ 24.9 Total other comprehensive (loss) income, net of tax (1.5 ) (0.8 ) (0.7 ) 1.5 (1.5 ) Comprehensive income (loss) $ 23.4 $ 40.2 $ 21.9 $ (62.1 ) $ 23.4 MANITOWOC FOODSERVICE, INC. Consolidating (Condensed) Statement of Operations For the Three Months Ended September 30, 2015 (Unaudited) (in millions) Parent Guarantor Non- Eliminations Consolidated Net sales $ — $ 299.3 $ 209.0 $ (83.0 ) $ 425.3 Cost of sales — 213.5 159.5 (83.0 ) 290.0 Gross profit — 85.8 49.5 — 135.3 Selling, general and administrative expenses 7.6 37.7 26.4 — 71.7 Amortization expense — 6.4 1.5 — 7.9 Separation expense 1.0 — — — 1.0 Restructuring expense — — 0.8 — 0.8 (Loss) earnings from operations (8.6 ) 41.7 20.8 — 53.9 Interest expense — 0.3 — — 0.3 Interest (income) expense on notes with MTW — net — (4.4 ) 0.2 — (4.2 ) Other income — net — (0.2 ) (1.4 ) — (1.6 ) Equity in earnings (loss) of subsidiaries 50.8 3.7 — (54.5 ) — Earnings (loss) before income taxes 42.2 49.7 22.0 (54.5 ) 59.4 Income taxes (benefit) 1.1 (1.1 ) 18.3 — 18.3 Net earnings (loss) $ 41.1 $ 50.8 $ 3.7 $ (54.5 ) $ 41.1 Total other comprehensive (loss) income, net of tax (9.5 ) (10.1 ) (9.8 ) 19.9 (9.5 ) Comprehensive income (loss) $ 31.6 $ 40.7 $ (6.1 ) $ (34.6 ) $ 31.6 MANITOWOC FOODSERVICE, INC. Consolidating (Condensed) Statement of Operations For the Nine Months Ended September 30, 2016 (Unaudited) (in millions) Parent Guarantor Non- Eliminations Consolidated Net sales $ — $ 804.4 $ 546.6 $ (273.1 ) $ 1,077.9 Cost of sales 2.4 559.5 394.8 (273.1 ) 683.6 Gross profit (2.4 ) 244.9 151.8 — 394.3 Selling, general and administrative expenses 26.6 112.7 77.8 — 217.1 Amortization expense — 21.4 2.1 — 23.5 Separation expense 5.6 — 0.1 — 5.7 Restructuring expense — 1.4 0.8 — 2.2 Asset impairment expense — 1.7 — — 1.7 (Loss) earnings from operations (34.6 ) 107.7 71.0 — 144.1 Interest expense 58.2 1.0 1.3 — 60.5 Interest expense on notes with MTW — net — — 0.1 — 0.1 Other expense (income) — net 12.4 46.9 (49.7 ) — 9.6 Equity in earnings (loss) of subsidiaries 114.9 86.8 — (201.7 ) — Earnings (loss) before income taxes 9.7 146.6 119.3 (201.7 ) 73.9 Income (benefit) taxes (48.4 ) 31.7 32.5 — 15.8 Net earnings (loss) $ 58.1 $ 114.9 $ 86.8 $ (201.7 ) $ 58.1 Total other comprehensive income (loss), net of tax 3.4 14.8 20.2 (35.0 ) 3.4 Comprehensive income (loss) $ 61.5 $ 129.7 $ 107.0 $ (236.7 ) $ 61.5 MANITOWOC FOODSERVICE, INC. Consolidating (Condensed) Statement of Operations For the Nine Months Ended September 30, 2015 (Unaudited) (in millions) Parent Guarantor Non- Eliminations Consolidated Net sales $ — $ 833.9 $ 607.0 $ (262.5 ) $ 1,178.4 Cost of sales — 609.0 463.1 (262.5 ) 809.6 Gross profit — 224.9 143.9 — 368.8 Selling, general and administrative expenses 24.2 111.1 88.0 — 223.3 Amortization expense — 20.7 2.9 — 23.6 Separation expense 1.1 0.4 — — 1.5 Restructuring expense — 0.8 0.5 — 1.3 (Loss) earnings from operations (25.3 ) 91.9 52.5 — 119.1 Interest expense — 0.9 0.1 — 1.0 Interest income on notes with MTW — net — (12.9 ) (0.6 ) — (13.5 ) Other income — net — (2.0 ) (0.2 ) — (2.2 ) Equity in earnings (loss) of subsidiaries 112.5 28.5 — (141.0 ) — Earnings (loss) before income taxes 87.2 134.4 53.2 (141.0 ) 133.8 Income (benefit) taxes (4.8 ) 21.9 24.7 — 41.8 Net earnings (loss) $ 92.0 $ 112.5 $ 28.5 $ (141.0 ) $ 92.0 Total other comprehensive (loss) income, net of tax (19.8 ) (21.5 ) (20.4 ) 41.9 (19.8 ) Comprehensive income (loss) $ 72.2 $ 91.0 $ 8.1 $ (99.1 ) $ 72.2 MANITOWOC FOODSERVICE, INC. Consolidating (Condensed) Balance Sheet As of September 30, 2016 (Unaudited) (in millions) Parent Guarantor Non- Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ 10.1 $ 2.7 $ 56.8 $ — $ 69.6 Restricted cash — — 3.5 — 3.5 Accounts receivable — net 0.1 — 99.4 (4.0 ) 95.5 Inventories — net — 76.0 80.8 — 156.8 Prepaids and other current assets — 2.6 10.7 (0.8 ) 12.5 Current assets held for sale — 3.5 2.6 — 6.1 Total current assets 10.2 84.8 253.8 (4.8 ) 344.0 Property, plant and equipment — net 0.9 66.9 40.7 — 108.5 Goodwill — 832.4 13.5 — 845.9 Other intangible assets — net — 430.7 65.4 — 496.1 Intercompany long-term note receivable — 20.0 — (20.0 ) — Due from affiliates — 2,886.6 — (2,886.6 ) — Investment in subsidiaries 3,773.7 — — (3,773.7 ) — Other non-current assets 5.6 3.7 65.0 (51.1 ) 23.2 Total assets $ 3,790.4 $ 4,325.1 $ 438.4 $ (6,736.2 ) $ 1,817.7 Liabilities and equity Current liabilities: Accounts payable $ 4.0 $ 68.5 $ 49.6 $ (4.0 ) $ 118.1 Accrued expenses and other liabilities 6.0 94.9 53.7 (0.8 ) 153.8 Current portion of long-term debt and capital leases — 0.5 1.3 — 1.8 Product warranties — 20.7 10.1 — 30.8 Total current liabilities 10.0 184.6 114.7 (4.8 ) 304.5 Long-term debt and capital leases 1,342.1 1.8 — — 1,343.9 Deferred income taxes 132.0 — 61.2 (45.2 ) 148.0 Pension and postretirement health obligations 60.3 4.9 — (5.9 ) 59.3 Intercompany long-term note payable 15.7 — 4.3 (20.0 ) — Due to affiliates 2,293.4 — 593.2 (2,886.6 ) — Investment in subsidiaries — 337.0 — (337.0 ) — Other long-term liabilities 9.1 23.1 2.0 — 34.2 Total non-current liabilities 3,852.6 366.8 660.7 (3,294.7 ) 1,585.4 Total (deficit) equity: Total (deficit) equity (72.2 ) 3,773.7 (337.0 ) (3,436.7 ) (72.2 ) Total liabilities and equity $ 3,790.4 $ 4,325.1 $ 438.4 $ (6,736.2 ) $ 1,817.7 MANITOWOC FOODSERVICE, INC. Consolidating (Condensed) Balance Sheet As of December 31, 2015 (Audited) (in millions) Parent Guarantor Non- Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ — $ 3.5 $ 28.5 $ — $ 32.0 Restricted cash — — 0.6 — 0.6 Accounts receivable — net — — 73.4 (9.6 ) 63.8 Intercompany interest receivable — — 4.2 (4.2 ) — Intercompany short-term note receivable — — 31.0 (31.0 ) — Inventories — net — 80.2 65.7 — 145.9 Prepaids and other current assets 1.2 2.3 9.0 (2.2 ) 10.3 Total current assets 1.2 86.0 212.4 (47.0 ) 252.6 Property, plant and equipment — net 0.9 71.2 44.3 — 116.4 Goodwill — 832.4 13.4 — 845.8 Other intangible assets — net — 452.1 67.5 — 519.6 Intercompany long-term note receivable — — 42.4 (42.4 ) — Due from affiliates — 3,074.9 — (3,074.9 ) — Investment in subsidiaries 3,579.8 — — (3,579.8 ) — Other non-current assets — 3.1 71.8 (59.0 ) 15.9 Long-term assets held for sale — 3.7 — — 3.7 Total assets $ 3,581.9 $ 4,523.4 $ 451.8 $ (6,803.1 ) $ 1,754.0 Liabilities and equity Current liabilities: Accounts payable $ 0.1 $ 81.8 $ 56.7 $ (9.6 ) $ 129.0 Accrued expenses and other liabilities — 100.1 59.7 (2.2 ) 157.6 Current portion of capital leases — 0.4 — — 0.4 Intercompany interest payable — 4.2 — (4.2 ) — Intercompany short-term note payable — 31.0 — (31.0 ) — Product warranties — 23.8 10.5 — 34.3 Total current liabilities 0.1 241.3 126.9 (47.0 ) 321.3 Long-term capital leases — 2.3 — — 2.3 Deferred income taxes 155.4 — 63.5 (51.0 ) 167.9 Pension and postretirement health obligations 35.0 6.3 — (8.0 ) 33.3 Intercompany long-term note payable — 42.4 — (42.4 ) — Due to affiliates 2,176.9 — 898.0 (3,074.9 ) — Investment in subsidiaries — 638.6 — (638.6 ) — Other long-term liabilities 5.8 12.7 2.0 — 20.5 Total non-current liabilities 2,373.1 702.3 963.5 (3,814.9 ) 224.0 Total (deficit) equity: Total (deficit) equity 1,208.7 3,579.8 (638.6 ) (2,941.2 ) 1,208.7 Total liabilities and equity $ 3,581.9 $ 4,523.4 $ 451.8 $ (6,803.1 ) $ 1,754.0 MANITOWOC FOODSERVICE, INC. Consolidating (Condensed) Statement of Cash Flows For the Nine Months Ended September 30, 2016 (Unaudited) (in millions) Parent Guarantor Non- Eliminations Consolidated Cash flows from operating activities Net cash (used for) provided by operating activities $ (4.0 ) $ 98.5 $ (42.7 ) $ — $ 51.8 Cash flows from investing activities Capital expenditures (0.6 ) (5.4 ) (4.8 ) — (10.8 ) Changes in restricted cash — — (2.9 ) — (2.9 ) Intercompany investment — (51.0 ) — 51.0 — Proceeds from intercompany note — — 42.4 (42.4 ) — Net cash (used for) provided by investing activities (0.6 ) (56.4 ) 34.7 8.6 (13.7 ) Cash flows from financing activities Proceeds from long-term debt and capital leases 1,466.9 — 8.7 — 1,475.6 Repayments on long-term debt and capital leases (86.8 ) (0.5 ) (7.3 ) — (94.6 ) Debt issuance costs (41.2 ) — — — (41.2 ) Dividend paid to MTW (1,362.0 ) — — — (1,362.0 ) Net transactions with MTW 7.0 — — — 7.0 Exercises of stock options 15.1 — — — 15.1 Intercompany financing 15.7 — 35.3 (51.0 ) — Repayments on intercompany note — (42.4 ) — 42.4 — Net cash provided by (used for) financing activities 14.7 (42.9 ) 36.7 (8.6 ) (0.1 ) Effect of exchange rate changes on cash — — (0.4 ) — (0.4 ) Net increase (decrease) in cash and cash equivalents 10.1 (0.8 ) 28.3 — 37.6 Balance at beginning of period — 3.5 28.5 — 32.0 Balance at end of period $ 10.1 $ 2.7 $ 56.8 $ — $ 69.6 MANITOWOC FOODSERVICE, INC. Consolidating (Condensed) Statement of Cash Flows For the Nine Months Ended September 30, 2015 (Unaudited) (in millions) Parent Guarantor Non- Eliminations Consolidated Cash flows from operating activities Net cash provided by operating activities $ 28.6 $ 0.1 $ 40.1 $ — $ 68.8 Cash flows from investing activities Capital expenditures (0.3 ) (5.3 ) (4.0 ) — (9.6 ) Proceeds from sale of property, plant and equipment — 0.1 — — 0.1 Changes in restricted cash — (0.6 ) — (0.6 ) Intercompany investment (2.2 ) — (2.1 ) 4.3 — Net cash (used for) provided by investing activities (2.5 ) (5.2 ) (6.7 ) 4.3 (10.1 ) Cash flows from financing activities Proceeds from long-term debt and capital leases — 0.5 — — 0.5 Repayments on long-term debt and capital leases — (0.3 ) (0.1 ) — (0.4 ) Net transactions with MTW (26.1 ) — — — (26.1 ) Intercompany financing — 4.3 — (4.3 ) — Net cash (used for) provided by financing activities (26.1 ) 4.5 (0.1 ) (4.3 ) (26.0 ) Effect of exchange rate changes on cash — — (1.9 ) — (1.9 ) Net (decrease) increase in cash and cash equivalents — (0.6 ) 31.4 — 30.8 Balance at beginning of period — 2.7 13.8 — 16.5 Balance at end of period $ — $ 2.1 $ 45.2 $ — $ 47.3

Description of the Business a28

Description of the Business and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation	The accompanying unaudited consolidated (condensed) financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"). All intercompany balances and transactions between the Company and its affiliates have been eliminated. During the periods presented prior to the Spin-Off on March 4, 2016, the Company's financial statements were prepared on a combined standalone basis derived from the consolidated financial statements and accounting records of MTW. The Company functioned as part of the larger group of companies controlled by MTW. Accordingly, MTW performed certain corporate overhead functions for the Company. Therefore, certain costs related to the Company have been allocated from MTW for the period of January 1, 2016 up to the Spin-Off on March 4, 2016 and for the entirety of the three and nine months ended September 30, 2015 . These allocated costs are primarily related to: 1) corporate officers, 2) employee benefits and compensation, 3) share-based compensation and 4) certain administrative functions, which are not provided at the business level including, but not limited to, finance, treasury, tax, audit, legal, information technology, human resources and investor relations. Where possible, these costs were allocated based on direct usage, with the remainder allocated on a basis of revenue, headcount or other measures the Company determined to be reasonable. Management of the Company believes the assumptions underlying the accompanying unaudited consolidated (condensed) financial statements, including the assumptions regarding the allocated expenses, reasonably reflect the utilization of services provided to or the benefit received by the Company during the periods presented. Nevertheless, the accompanying unaudited consolidated (condensed) financial statements may not be indicative of the Company's future performance, and they do not necessarily include all of the actual expenses that would have been incurred by the Company and may not reflect the results of operations, financial position and cash flows had the Company been a standalone company during the entirety of the periods presented.
Recent Accounting Changes and Pronouncements	In October 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2016-16, "Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory," which will require an entity to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. ASU 2016-16 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is permitted as of the beginning of an annual reporting period for which financial statements (interim or annual) have not been issued or made available for issuance. The Company is currently evaluating the impact the adoption of this ASU will have on its consolidated financial statements and related disclosures. In August 2016, the FASB issued ASU 2016-15, "Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments," which clarifies the accounting guidance on how certain cash receipts and cash payments are presented and classified in the statement of cash flows. ASU 2016-15 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is permitted in any interim or annual reporting period. The Company is currently evaluating the impact the adoption of this ASU will have on its consolidated financial statements and related disclosures. In March 2016, the FASB issued ASU 2016-09, “Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting,” which simplifies several aspects of the accounting for share-based payment award transactions. This ASU requires that all excess tax benefits and tax deficiencies should be recognized as income tax expense or benefit on the income statement. The excess tax items should be classified with other income tax cash flows as an operating activity. This ASU also allows an entity to account for forfeitures when they occur rather than the current U.S. GAAP practice where an entity makes an entity-wide accounting policy election to estimate the number of awards that are expected to vest. This ASU is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years with early adoption permitted. The Company is currently evaluating the impact the adoption of this ASU will have on its consolidated financial statements and related disclosures. In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)," which requires lessees to recognize right-of-use assets and lease liability, initially measured at present value of the lease payments, on its balance sheet for leases with terms longer than 12 months and classified as either financing or operating leases. ASU 2016-02 requires a modified retrospective transition approach for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, and provides certain practical expedients that companies may elect. This ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years with early adoption permitted. The Company is currently evaluating the impact the adoption of this ASU will have on its consolidated financial statements and related disclosures. In January 2016, the FASB issued ASU 2016-01, "Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities." This ASU provides guidance for the recognition, measurement, presentation and disclosure of financial instruments. This ASU is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years and early adoption is not permitted. The Company is currently evaluating the impact the adoption of this ASU will have on its consolidated financial statements and related disclosures. In November 2015, the FASB issued ASU 2015-17, "Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes." ASU 2015-17 simplifies the presentation of deferred income taxes by eliminating the requirement for companies to present deferred tax assets and liabilities as current and non-current on the balance sheet. Instead, companies will be required to classify all deferred tax assets and liabilities as non-current. This guidance is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years with early adoption permitted. The Company early adopted this ASU on a prospective basis as of December 31, 2015. Prior periods were not retrospectively adjusted. In September 2015, the FASB issued ASU 2015-16, "Business Combinations (Topic 805): Simplifying the Accounting for Measurement-Period Adjustments." The amendments in this ASU require that an acquirer in a business combination recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined, rather than as retrospective adjustments. The amendments in this ASU are effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. The amendments in this ASU should be applied prospectively to adjustments to provisional amounts that occur after the effective date of this ASU with earlier application permitted for financial statements that have not been issued. The Company adopted this accounting guidance in the first quarter of fiscal year 2016. The adoption of this ASU did not have a material impact on the Company's consolidated (condensed) financial statements or related disclosures. In August 2015, the FASB issued ASU 2015-15, "Interest—Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements." This ASU clarifies the guidance related to accounting for debt issuance costs related to line-of-credit arrangements. In April 2015, the FASB issued ASU 2015-03, "Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs," which requires entities to present debt issuance costs related to a recognized debt liability as a direct deduction from the carrying amount of that debt liability. With the issuance of ASU 2015-15, the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. The Company adopted ASU 2015-15 and ASU 2015-03 in the first quarter of fiscal year 2016 and its impact is presented in the accompanying consolidated (condensed) financial statements. In July 2015, the FASB issued ASU 2015-11, "Inventory (Topic 330): Simplifying the Measurement of Inventory." This ASU changes the guidance on accounting for inventory accounted for on a first-in first-out basis ("FIFO"). Under the revised standard, an entity should measure FIFO inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured on a last-in, first-out basis ("LIFO"). The amendments in this ASU are effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2016 with early application permitted. The Company believes the adoption of this ASU will not have a material impact on its consolidated financial statements and related disclosures. In April 2015, the FASB issued ASU 2015-05, "Intangibles—Goodwill and Other—Internal-use Software (Subtopic 350-40): Customer's Accounting for Fees Paid in a Cloud Computing Arrangement." This ASU provides guidance on accounting for a software license in a cloud computing arrangement. If a cloud computing arrangement includes a software license, the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. Further, all software licenses are within the scope of Accounting Standards Codification ("ASC") Subtopic 350-40 and will be accounted for consistent with other licenses of intangible assets. The amendments in this ASU are effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. The Company adopted this accounting guidance in the first quarter of fiscal year 2016. The adoption of this ASU did not have a material impact on the Company's consolidated (condensed) financial statements or related disclosures. In February 2015, the FASB issued ASU 2015-02, "Consolidation (Topic 820)—Amendments to the Consolidation Analysis." This ASU amends the current consolidation guidance for both the variable interest entity (VIE) and voting interest entity (VOE) consolidation models. The amendments in this ASU are effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. The Company adopted this accounting guidance in the first quarter of fiscal year 2016. The adoption of this ASU did not have a material impact on the Company's consolidated (condensed) financial statements or related disclosures. In January 2015, the FASB issued ASU 2015-01, "Income Statement—Extraordinary and Unusual Items." This ASU eliminates from U.S. GAAP the concept of extraordinary items. This ASU is effective for the first interim period within fiscal years beginning after December 15, 2015, with early adoption permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. A reporting entity may apply the amendments prospectively or retrospectively to all prior periods presented in the financial statements. The Company adopted this accounting guidance in the first quarter of fiscal year 2016. The adoption of this ASU did not have a material impact on its consolidated (condensed) financial statements or related disclosures. In August 2014, the FASB issued ASU 2014-15, "Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern." This update provides guidance on management's responsibility in evaluating whether there is substantial doubt about a company's ability to continue as a going concern and to provide related footnote disclosures. This ASU is effective in the first annual period ending after December 15, 2016, with early adoption permitted. The Company believes the adoption of this ASU will not have a material impact on its consolidated financial statements or related disclosures. In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers (Topic 606)." This ASU provides a principles-based approach to revenue recognition to record 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. This ASU provides a five-step model to be applied to all contracts with customers. The five steps are to identify the contract(s) with the customer, identify the performance obligations in the contract, determine the transaction price, allocate the transaction price to the performance obligations in the contract and recognize revenue when each performance obligation is satisfied. The revenue standard is effective for the first interim period within fiscal years beginning after December 15, 2017 (as finalized by the FASB in August 2015 in ASU 2015-14 and as updated by ASU 2016-08, ASU 2016-10, ASU 2016-11 and ASU 2016-12), and can be applied either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying the update recognized at the date of initial application along with additional disclosures. Early adoption is permitted as of the original effective date—the first interim period within fiscal years beginning after December 15, 2016. The Company is evaluating the impact the adoption of this ASU will have on its consolidated financial statements and related disclosures.

Fair Value of Financial Instr29

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Financial assets and liabilities accounted for at fair value on a recurring basis by level within the fair value hierarchy	The following tables set forth financial assets and liabilities that were accounted for at fair value on a recurring basis as of September 30, 2016 and December 31, 2015 by level within the fair value hierarchy. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Fair Value as of September 30, 2016 (in millions) Level 1 Level 2 Level 3 Total Current assets: Foreign currency exchange contracts $ — $ 0.9 $ — $ 0.9 Commodity contracts — 0.1 — 0.1 Total current assets at fair value — 1.0 — 1.0 Non-current assets: Commodity contracts — 0.1 — 0.1 Total non-current assets at fair value — 0.1 — 0.1 Total assets at fair value $ — $ 1.1 $ — $ 1.1 Current liabilities: Foreign currency exchange contracts $ — $ 0.3 $ — $ 0.3 Commodity contracts — 0.6 — 0.6 Total current liabilities at fair value — 0.9 — 0.9 Non-current liabilities: Commodity contracts — 0.1 — 0.1 Total non-current liabilities at fair value — 0.1 — 0.1 Total liabilities at fair value $ — $ 1.0 $ — $ 1.0 Fair Value as of December 31, 2015 (in millions) Level 1 Level 2 Level 3 Total Current assets: Foreign currency exchange contracts $ — $ — $ — $ — Total current assets at fair value — — — — Total assets at fair value $ — $ — $ — $ — Current liabilities: Foreign currency exchange contracts $ — $ 0.1 $ — $ 0.1 Commodity contracts — 3.1 — 3.1 Total current liabilities at fair value — 3.2 — 3.2 Non-current liabilities: Commodity contracts — 0.4 — 0.4 Total non-current liabilities at fair value — 0.4 — 0.4 Total liabilities at fair value $ — $ 3.6 $ — $ 3.6

Derivative Financial Instrume30

Derivative Financial Instruments Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Outstanding Commodity and Currency Forward Contracts	As of September 30, 2016 and December 31, 2015 , the Company had the following outstanding commodity and currency forward contracts that were not designated as hedging instruments: Units Hedged Commodity September 30, 2016 December 31, 2015 Unit Type Aluminum 60 — MT Cash flow Steel 947 — Short tons Cash flow Units Hedged Currency September 30, 2016 December 31, 2015 Recognized Location Purpose Canadian Dollar 9,800,000 1,117,850 Other expense (income) — net Accounts payable and receivable settlement European Euro 12,500,000 — Other expense (income) — net Accounts payable and receivable settlement Swiss Franc 3,150,000 — Other expense (income) — net Accounts payable and receivable settlement As of September 30, 2016 and December 31, 2015 , the Company had the following outstanding commodity and currency forward contracts that were entered into as hedge forecasted transactions: Units Hedged Commodity September 30, 2016 December 31, 2015 Unit Type Aluminum 1,113 1,215 MT Cash flow Copper 853 472 MT Cash flow Natural gas 87,285 49,396 MMBtu Cash flow Steel 6,400 11,073 Short tons Cash flow Units Hedged Currency September 30, 2016 December 31, 2015 Type Canadian Dollar 40,055,000 587,556 Cash flow European Euro 7,613,423 231,810 Cash flow British Pound 5,232,246 113,115 Cash flow Mexican Peso — 28,504,800 Cash flow U.S. Dollar 12,610,459 — Cash flow Singapore Dollar 3,115,000 — Cash flow
Schedule of Outstanding Derivative Assets at Fair Value	The fair value of outstanding derivative contracts recorded as assets in the accompanying consolidated (condensed) balance sheets as of September 30, 2016 and December 31, 2015 was as follows: ASSET DERIVATIVES in millions Balance Sheet Location Fair Value September 30, 2016 December 31, 2015 Derivatives designated as hedging instruments: Foreign exchange contracts Prepaids and other current assets $ 0.9 $ — Commodity contracts Prepaids and other current assets 0.1 — Commodity contracts Other non-current assets 0.1 — Total derivatives designated as hedging instruments $ 1.1 $ — Total asset derivatives $ 1.1 $ —
Schedule of Outstanding Derivative Liabilities at Fair Value	The fair values of outstanding derivative contracts recorded as liabilities in the accompanying consolidated (condensed) balance sheets as of September 30, 2016 and December 31, 2015 were as follows: LIABILITY DERIVATIVES (in millions) Balance Sheet Location Fair Value September 30, 2016 December 31, 2015 Derivatives designated as hedging instruments: Foreign exchange contracts Accrued expenses and other liabilities $ 0.3 $ 0.1 Commodity contracts Accrued expenses and other liabilities 0.5 2.4 Commodity contracts Other long-term liabilities 0.1 0.3 Total derivatives designated as hedging instruments $ 0.9 $ 2.8 Derivatives NOT designated as hedging instruments: Commodity contracts Accrued expenses and other liabilities $ 0.1 $ 0.7 Commodity contracts Other long-term liabilities — 0.1 Total derivatives NOT designated as hedging instruments $ 0.1 $ 0.8 Total liability derivatives $ 1.0 $ 3.6
Reclassification out of Accumulated Other Comprehensive Income	The effects of derivative instruments in the accompanying consolidated (condensed) statements of operations for the three and nine months ended September 30, 2016 and 2015 for gains or losses initially recognized in "Accumulated other comprehensive loss" ("AOCI") in the accompanying consolidated (condensed) balance sheets were as follows: Derivatives in cash flow hedging relationships (in millions) Amount of gain (loss) recognized in AOCI on derivative (effective portion, net of tax) Location of gain (loss) reclassified from AOCI into income (effective portion) Amount of gain (loss) reclassified from AOCI into income (effective portion) Three Months Ended Three Months Ended September 30, 2016 September 30, 2015 September 30, 2016 September 30, 2015 Foreign exchange contracts $ (0.3 ) $ (0.1 ) Cost of sales $ 0.4 $ (0.3 ) Commodity contracts — (0.5 ) Cost of sales (0.2 ) (1.0 ) Total $ (0.3 ) $ (0.6 ) $ 0.2 $ (1.3 ) Nine Months Ended Nine Months Ended September 30, 2016 September 30, 2015 September 30, 2016 September 30, 2015 Foreign exchange contracts $ 0.4 $ 0.1 Cost of sales $ 0.3 $ (1.2 ) Commodity contracts 1.7 (1.7 ) Cost of sales (1.4 ) (2.2 ) Total $ 2.1 $ (1.6 ) $ (1.1 ) $ (3.4 ) Derivatives relationships (in millions) Amount of gain (loss) recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing) Location of gain (loss) recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing) Three Months Ended September 30, 2016 September 30, 2015 Commodity contracts $ — $ 0.1 Cost of sales Total $ — $ 0.1 Nine Months Ended September 30, 2016 September 30, 2015 Commodity contracts $ — $ 0.1 Cost of sales Total $ — $ 0.1 Derivatives NOT designated as hedging instruments (in millions) Amount of gain (loss) recognized in income on derivative Location of gain (loss) recognized in income on derivative Three Months Ended September 30, 2016 September 30, 2015 Foreign exchange contracts $ 0.6 $ 0.1 Other expense (income) — net Total $ 0.6 $ 0.1 Nine Months Ended September 30, 2016 September 30, 2015 Foreign exchange contracts $ — $ 0.1 Other expense (income) — net Commodity contracts 0.7 — Other expense (income) — net Total $ 0.7 $ 0.1 The following is a reconciliation of the reclassifications out of accumulated other comprehensive income (loss), net of tax, for the three and nine months ended September 30, 2016 : Three Months Ended September 30, 2016 Nine Months Ended September 30, 2016 (in millions) Amount Reclassified from Accumulated Other Comprehensive Income Amount Reclassified from Accumulated Other Comprehensive Income Recognized Location Gains and losses on cash flow hedges Foreign exchange contracts $ 0.4 $ 0.3 Cost of sales Commodity contracts (0.2 ) (1.4 ) Cost of sales 0.2 (1.1 ) Total before tax (0.1 ) 0.4 Tax (expense) benefit $ 0.1 $ (0.7 ) Net of tax Amortization of pension and postretirement items Actuarial losses $ (0.6 ) $ (1.9 ) (a) (0.6 ) (1.9 ) Total before tax 0.2 0.7 Tax benefit $ (0.4 ) $ (1.2 ) Net of tax Total reclassifications for the period, net of tax $ (0.3 ) $ (1.9 ) Net of tax (a) These other comprehensive income (loss) components are included in the net periodic pension cost (see Note 16, "Employee Benefit Plans," for further details). The following is a reconciliation of the reclassifications out of accumulated other comprehensive income (loss), net of tax, for the three and nine months ended ended September 30, 2015 : Three Months Ended September 30, 2015 Nine Months Ended September 30, 2015 (in millions) Amount Reclassified from Accumulated Other Comprehensive Income Amount Reclassified from Accumulated Other Comprehensive Income Recognized Location Gains and losses on cash flow hedges Foreign exchange contracts $ (0.3 ) $ (1.2 ) Cost of sales Commodity contracts (1.0 ) (2.2 ) Cost of sales (1.3 ) (3.4 ) Total before tax 0.5 1.3 Tax benefit $ (0.8 ) $ (2.1 ) Net of tax Amortization of pension and postretirement items Actuarial losses $ (0.3 ) $ (0.8 ) (a) (0.3 ) (0.8 ) Total before tax — — Tax benefit $ (0.3 ) $ (0.8 ) Net of tax Total reclassifications for the period, net of tax $ (1.1 ) $ (2.9 ) Net of tax (a) These other comprehensive income (loss) components are included in the net periodic pension cost (see Note 16, "Employee Benefit Plans," for further details).

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2016
Inventory Disclosure [Abstract]
Components of inventories	The components of inventories at September 30, 2016 and December 31, 2015 are summarized as follows: September 30, December 31, (in millions) 2016 2015 Inventories — gross: Raw materials $ 70.5 $ 70.7 Work-in-process 18.5 18.7 Finished goods 96.0 83.4 Total inventories — gross 185.0 172.8 Excess and obsolete inventory reserve (24.8 ) (23.5 ) Net inventories at FIFO cost 160.2 149.3 Excess of FIFO costs over LIFO value (3.4 ) (3.4 ) Inventories — net $ 156.8 $ 145.9

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	9 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Components of property, plant and equipment	The components of property, plant and equipment at September 30, 2016 and December 31, 2015 are summarized as follows: September 30, December 31, (in millions) 2016 2015 Land $ 7.3 $ 7.3 Building and improvements 92.1 94.3 Machinery, equipment and tooling 214.5 216.0 Furniture and fixtures 6.0 6.2 Computer hardware 53.5 51.2 Construction in progress 10.5 9.8 Total cost 383.9 384.8 Less accumulated depreciation (275.4 ) (268.4 ) Property, plant and equipment — net $ 108.5 $ 116.4

Goodwill and Other Intangible33

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in goodwill by reportable segment	The changes in the carrying amount of goodwill by reportable segment for the nine months ended September 30, 2016 , are as follows: (in millions) Americas EMEA APAC Total Balance as of December 31, 2015 $ 832.6 $ 4.8 $ 8.4 $ 845.8 Foreign currency impact — 0.1 — 0.1 Balance as of September 30, 2016 $ 832.6 $ 4.9 $ 8.4 $ 845.9
Gross carrying amount and accumulated amortization of the company's intangible assets other than goodwill	The gross carrying amount and accumulated amortization of the Company's intangible assets other than goodwill are as follows as of September 30, 2016 and December 31, 2015 : September 30, 2016 December 31, 2015 (in millions) Gross Carrying Amount Accumulated Amortization Amount Net Book Value Gross Carrying Amount Accumulated Amortization Amount Net Book Value Trademarks and tradenames $ 175.1 $ — $ 175.1 $ 175.1 $ — $ 175.1 Customer relationships 415.3 (166.2 ) 249.1 415.2 (150.4 ) 264.8 Patents 1.7 (1.7 ) — 1.7 (1.6 ) 0.1 Other intangibles 142.9 (71.0 ) 71.9 143.2 (63.6 ) 79.6 Total $ 735.0 $ (238.9 ) $ 496.1 $ 735.2 $ (215.6 ) $ 519.6

Accounts Payable and Accrued 34

Accounts Payable and Accrued Expenses and Other Liabilities(Tables)	9 Months Ended
	Sep. 30, 2016
Payables and Accruals [Abstract]
Schedule of accounts payable and accrued expenses	Accounts payable and accrued expenses and other liabilities at September 30, 2016 and December 31, 2015 are summarized as follows: September 30, December 31, (in millions) 2016 2015 Accounts payable: Trade accounts payable and interest payable $ 115.9 $ 121.7 Income taxes payable 2.2 7.3 Total accounts payable $ 118.1 $ 129.0 Accrued expenses and other liabilities: Employee related expenses $ 33.2 $ 24.5 Restructuring expenses 3.9 16.8 Profit sharing and incentives 12.9 3.9 Accrued rebates 50.9 49.9 Deferred revenue - current 4.2 3.8 Dividend payable to MTW — 10.2 Customer advances 5.6 2.9 Product liability 3.0 2.6 Miscellaneous accrued expenses 40.1 43.0 Total accrued expenses and other liabilities $ 153.8 $ 157.6

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Summary of covenant levels of financial covenants	The current covenant levels of the financial covenants under the Senior Secured Credit Facilities are set forth below: Fiscal Quarter Ending Consolidated Total Leverage Ratio (less than) Consolidated Interest Coverage Ratio (greater than) March 31, 2016 6.25:1.00 2.00:1.00 June 30, 2016 6.25:1.00 2.00:1.00 September 30, 2016 6.00:1.00 2.25:1.00
Schedule of percentage of principal amount at which the entity may redeem the notes	In addition, the Company may redeem the notes at its option, in whole or in part, at the following redemption prices (expressed as percentages of the principal amount thereof) if redeemed during the 12-month period commencing on February 15 of the years set forth below: Year Percentage 2019 107.1 % 2020 104.8 % 2021 102.4 % 2022 and thereafter 100.0 %
Schedule of outstanding debt	Outstanding debt at September 30, 2016 and December 31, 2015 is summarized as follows: September 30, December 31, (in millions) 2016 2015 Revolving credit facility $ 50.0 $ — Term Loan B 905.0 — Senior Notes due 2024 425.0 — Other 3.6 2.7 Total debt and capital leases, including current portion 1,383.6 2.7 Less current portion and short-term borrowings (1.8 ) (0.4 ) Less unamortized debt issuance costs (37.9 ) — Total long-term debt and capital leases $ 1,343.9 $ 2.3

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Stockholders Equity Rollforward	The following is a roll-forward of equity for the nine months ended September 30, 2016 and 2015 : (in millions, except share data) Shares Common Stock Additional Paid-In Capital (Deficit) Retained Earnings Net Parent Company Investment Accumulated Other Comprehensive (Loss) Income Total Equity (Deficit) Balance at December 31, 2015 — $ — $ — $ — $ 1,253.2 $ (44.5 ) $ 1,208.7 Net earnings — — — 42.8 15.3 — 58.1 Net transfers to MTW — — — — (1,362.0 ) — (1,362.0 ) Separation related adjustments — — — — (1.0 ) (47.4 ) (48.4 ) Reclassification of net investment to additional paid-in capital — — (94.5 ) — 94.5 — — Issuance of common stock at Spin-Off 137,016,712 1.4 (1.4 ) — — — — Issuance of common stock, equity-based compensation plans 1,455,590 — 15.1 — — — 15.1 Stock-based compensation expense — — 4.9 — — — 4.9 Adjustment from Spin-Off — — 0.6 — — — 0.6 Other comprehensive income — — — — — 50.8 50.8 Balance at September 30, 2016 138,472,302 $ 1.4 $ (75.3 ) $ 42.8 $ — $ (41.1 ) $ (72.2 ) (in millions, except share data) Shares Common Stock Additional Paid-In Capital Retained Earnings Net Parent Company Investment Accumulated Other Comprehensive (Loss) Income Total Equity Balance at December 31, 2014 — $ — $ — $ — $ 1,272.1 $ (20.7 ) $ 1,251.4 Net earnings — — — — 92.0 — 92.0 Other comprehensive loss — — — — — (19.8 ) (19.8 ) Net increase in net parent company investment — — — — (8.2 ) — (8.2 ) Balance at September 30, 2015 — $ — $ — $ — $ 1,355.9 $ (40.5 ) $ 1,315.4
Reconciliations for the Changes in Accumulated Other Comprehensive Income (Loss)	Reconciliations for the changes in accumulated other comprehensive income (loss), net of tax, by component for the three and nine months ended September 30, 2016 and 2015 are as follows: (in millions) Foreign Currency Translation Gains and Losses on Cash Flow Hedges Pension & Postretirement Total Balance at December 31, 2015 $ (7.9 ) $ (1.8 ) $ (34.8 ) $ (44.5 ) Other comprehensive income (loss) before reclassifications 17.2 0.3 (9.4 ) 8.1 Amounts reclassified from accumulated other comprehensive income — 0.6 0.5 1.1 Net current period other comprehensive income (loss) 17.2 0.9 (8.9 ) 9.2 Balance at March 31, 2016 $ 9.3 $ (0.9 ) $ (43.7 ) $ (35.3 ) Other comprehensive (loss) income before reclassifications (6.1 ) 1.1 0.1 (4.9 ) Amounts reclassified from accumulated other comprehensive income — 0.4 0.2 0.6 Net current period other comprehensive (loss) income (6.1 ) 1.5 0.3 (4.3 ) Balance at June 30, 2016 $ 3.2 $ 0.6 $ (43.4 ) $ (39.6 ) Other comprehensive loss before reclassifications (0.5 ) (0.2 ) (1.1 ) (1.8 ) Amounts reclassified from accumulated other comprehensive income (loss) — (0.1 ) 0.4 0.3 Net current period other comprehensive (loss) income (0.5 ) (0.3 ) (0.7 ) (1.5 ) Balance at September 30, 2016 $ 2.7 $ 0.3 $ (44.1 ) $ (41.1 ) (in millions) Foreign Currency Translation Gains and Losses on Cash Flow Hedges Pension & Postretirement Total Balance at December 31, 2014 $ 17.3 $ (1.0 ) $ (37.0 ) $ (20.7 ) Other comprehensive (loss) income before reclassifications (11.1 ) (2.4 ) 1.4 (12.1 ) Amounts reclassified from accumulated other comprehensive income — 0.7 0.3 1.0 Net current period other comprehensive (loss) income (11.1 ) (1.7 ) 1.7 (11.1 ) Balance at March 31, 2015 $ 6.2 $ (2.7 ) $ (35.3 ) $ (31.8 ) Other comprehensive income (loss) before reclassifications 1.3 0.1 (1.4 ) — Amounts reclassified from accumulated other comprehensive income — 0.6 0.2 0.8 Net current period other comprehensive income (loss) 1.3 0.7 (1.2 ) 0.8 Balance at June 30, 2015 $ 7.5 $ (2.0 ) $ (36.5 ) $ (31.0 ) Other comprehensive (loss) income before reclassifications (9.2 ) (1.4 ) — (10.6 ) Amounts reclassified from accumulated other comprehensive income — 0.8 0.3 1.1 Net current period other comprehensive (loss) income (9.2 ) (0.6 ) 0.3 (9.5 ) Balance at September 30, 2015 $ (1.7 ) $ (2.6 ) $ (36.2 ) $ (40.5 )
Reclassification out of Accumulated Other Comprehensive Income	The effects of derivative instruments in the accompanying consolidated (condensed) statements of operations for the three and nine months ended September 30, 2016 and 2015 for gains or losses initially recognized in "Accumulated other comprehensive loss" ("AOCI") in the accompanying consolidated (condensed) balance sheets were as follows: Derivatives in cash flow hedging relationships (in millions) Amount of gain (loss) recognized in AOCI on derivative (effective portion, net of tax) Location of gain (loss) reclassified from AOCI into income (effective portion) Amount of gain (loss) reclassified from AOCI into income (effective portion) Three Months Ended Three Months Ended September 30, 2016 September 30, 2015 September 30, 2016 September 30, 2015 Foreign exchange contracts $ (0.3 ) $ (0.1 ) Cost of sales $ 0.4 $ (0.3 ) Commodity contracts — (0.5 ) Cost of sales (0.2 ) (1.0 ) Total $ (0.3 ) $ (0.6 ) $ 0.2 $ (1.3 ) Nine Months Ended Nine Months Ended September 30, 2016 September 30, 2015 September 30, 2016 September 30, 2015 Foreign exchange contracts $ 0.4 $ 0.1 Cost of sales $ 0.3 $ (1.2 ) Commodity contracts 1.7 (1.7 ) Cost of sales (1.4 ) (2.2 ) Total $ 2.1 $ (1.6 ) $ (1.1 ) $ (3.4 ) Derivatives relationships (in millions) Amount of gain (loss) recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing) Location of gain (loss) recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing) Three Months Ended September 30, 2016 September 30, 2015 Commodity contracts $ — $ 0.1 Cost of sales Total $ — $ 0.1 Nine Months Ended September 30, 2016 September 30, 2015 Commodity contracts $ — $ 0.1 Cost of sales Total $ — $ 0.1 Derivatives NOT designated as hedging instruments (in millions) Amount of gain (loss) recognized in income on derivative Location of gain (loss) recognized in income on derivative Three Months Ended September 30, 2016 September 30, 2015 Foreign exchange contracts $ 0.6 $ 0.1 Other expense (income) — net Total $ 0.6 $ 0.1 Nine Months Ended September 30, 2016 September 30, 2015 Foreign exchange contracts $ — $ 0.1 Other expense (income) — net Commodity contracts 0.7 — Other expense (income) — net Total $ 0.7 $ 0.1 The following is a reconciliation of the reclassifications out of accumulated other comprehensive income (loss), net of tax, for the three and nine months ended September 30, 2016 : Three Months Ended September 30, 2016 Nine Months Ended September 30, 2016 (in millions) Amount Reclassified from Accumulated Other Comprehensive Income Amount Reclassified from Accumulated Other Comprehensive Income Recognized Location Gains and losses on cash flow hedges Foreign exchange contracts $ 0.4 $ 0.3 Cost of sales Commodity contracts (0.2 ) (1.4 ) Cost of sales 0.2 (1.1 ) Total before tax (0.1 ) 0.4 Tax (expense) benefit $ 0.1 $ (0.7 ) Net of tax Amortization of pension and postretirement items Actuarial losses $ (0.6 ) $ (1.9 ) (a) (0.6 ) (1.9 ) Total before tax 0.2 0.7 Tax benefit $ (0.4 ) $ (1.2 ) Net of tax Total reclassifications for the period, net of tax $ (0.3 ) $ (1.9 ) Net of tax (a) These other comprehensive income (loss) components are included in the net periodic pension cost (see Note 16, "Employee Benefit Plans," for further details). The following is a reconciliation of the reclassifications out of accumulated other comprehensive income (loss), net of tax, for the three and nine months ended ended September 30, 2015 : Three Months Ended September 30, 2015 Nine Months Ended September 30, 2015 (in millions) Amount Reclassified from Accumulated Other Comprehensive Income Amount Reclassified from Accumulated Other Comprehensive Income Recognized Location Gains and losses on cash flow hedges Foreign exchange contracts $ (0.3 ) $ (1.2 ) Cost of sales Commodity contracts (1.0 ) (2.2 ) Cost of sales (1.3 ) (3.4 ) Total before tax 0.5 1.3 Tax benefit $ (0.8 ) $ (2.1 ) Net of tax Amortization of pension and postretirement items Actuarial losses $ (0.3 ) $ (0.8 ) (a) (0.3 ) (0.8 ) Total before tax — — Tax benefit $ (0.3 ) $ (0.8 ) Net of tax Total reclassifications for the period, net of tax $ (1.1 ) $ (2.9 ) Net of tax (a) These other comprehensive income (loss) components are included in the net periodic pension cost (see Note 16, "Employee Benefit Plans," for further details).

Product Warranties (Tables)

Product Warranties (Tables)	9 Months Ended
	Sep. 30, 2016
Guarantees [Abstract]
Schedule of the Summary of Product Warranty Activity	Below is a table summarizing the product warranties activity for the nine months ended September 30, 2016 and for the twelve months ended December 31, 2015 : September 30, December 31, (in millions) 2016 2015 Balance at the beginning of the period $ 40.0 $ 42.0 Accruals for warranties issued 17.0 24.2 Settlements made (in cash or in kind) (20.4 ) (25.2 ) Currency translation impact (0.2 ) (1.0 ) Balance at the end of the period $ 36.4 $ 40.0

Restructuring (Tables)

Restructuring (Tables)	9 Months Ended
	Sep. 30, 2016
Restructuring and Related Activities [Abstract]
Rollforward of all Restructuring Activities	The following is a rollforward of all restructuring activities for the nine months ended September 30, 2016 (in millions): Restructuring Restructuring Use of Reserve Restructuring Reserve Balance as of September 30, 2016 $ 16.8 $ 2.2 $ (3.7 ) $ 15.3

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Schedule of Components of Period Benefit Costs	The components of periodic benefit costs for the Direct Plans for the three and nine months ended September 30, 2016 and 2015 are as follows: Three Months Ended Nine Months Ended September 30, 2016 September 30, 2016 (in millions) Pension Plans Postretirement Pension Plans Postretirement Service cost - benefits earned during the period $ 0.1 $ — $ 0.2 $ — Interest cost of projected benefit obligations 2.0 0.1 6.3 0.3 Expected return on plan assets (1.5 ) — (4.7 ) — Amortization of actuarial net loss 0.6 — 1.9 — Net periodic benefit costs $ 1.2 $ 0.1 $ 3.7 $ 0.3 Three Months Ended Nine Months Ended September 30, 2015 September 30, 2015 (in millions) Pension Plans Postretirement Pension Plans Postretirement Service cost - benefits earned during the period $ 0.1 $ — $ 0.3 $ — Interest cost of projected benefit obligations 1.7 — 4.9 0.1 Expected return on plan assets (1.4 ) — (4.1 ) — Amortization of actuarial net loss 0.3 (0.1 ) 0.9 (0.1 ) Net periodic benefit costs $ 0.7 $ (0.1 ) $ 2.0 $ —

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Schedule of Financial Information Relating to the Company's Reportable Segments	Financial information relating to the Company's reportable segments for the three and nine months ended September 30, 2016 and 2015 is as follows: Three Months Ended September 30, Nine Months Ended September 30, (in millions) 2016 2015 2016 2015 Net sales: Americas $ 316.9 $ 359.4 $ 881.7 $ 999.8 EMEA 67.9 68.9 212.8 214.9 APAC 52.5 48.6 134.5 135.5 Elimination of intersegment sales (53.3 ) (51.6 ) (151.1 ) (171.8 ) Total net sales $ 384.0 $ 425.3 $ 1,077.9 $ 1,178.4 Segment Operating EBITA: Americas $ 64.5 $ 61.6 $ 166.2 $ 141.3 EMEA 9.7 5.0 26.6 15.5 APAC 8.3 7.7 15.6 17.9 Total segment Operating EBITA 82.5 74.3 208.4 174.7 Corporate and unallocated (14.1 ) (12.5 ) (40.8 ) (32.0 ) Amortization expense (7.8 ) (7.9 ) (23.5 ) (23.6 ) Interest expense (25.0 ) (0.3 ) (60.5 ) (1.0 ) Interest income (expense) on notes with MTW — net — 4.2 (0.1 ) 13.5 Other (expense) income — net (3.6 ) 1.6 (9.6 ) 2.2 Earnings before income taxes $ 32.0 $ 59.4 $ 73.9 $ 133.8 Operating EBITA % by segment (1) : Americas 20.4 % 17.1 % 18.8 % 14.1 % EMEA 14.3 % 7.3 % 12.5 % 7.2 % APAC 15.8 % 15.8 % 11.6 % 13.2 % (1) Operating EBITA % in the section above is calculated by dividing the dollar amount of Operating EBITA by net sales for each respective segment. Net sales by geographic area (2) : United States $ 257.5 $ 292.4 $ 713.7 $ 808.8 Other Americas 26.2 29.5 73.2 80.5 EMEA 56.7 62.4 177.5 177.2 APAC 43.6 41.0 113.5 111.9 Total net sales by geographic area $ 384.0 $ 425.3 $ 1,077.9 $ 1,178.4 (2) Net sales in the section above are attributed to geographic regions based on location of customer. As of September 30, 2016 and December 31, 2015 , total assets by reportable segment are as follows: (in millions) September 30, 2016 December 31, 2015 Total assets by segment: Americas $ 1,487.7 $ 1,495.2 EMEA 157.5 148.5 APAC 97.1 96.5 Corporate 75.4 13.8 Total assets $ 1,817.7 $ 1,754.0

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Reconciliation of the Average Shares Outstanding Used to Compute Basic and Diluted Earnings per Share	The following is a reconciliation of the average shares outstanding used to compute basic and diluted earnings per share. Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 Basic weighted average common shares outstanding 138,277,039 137,016,712 137,618,628 137,016,712 Effect of dilutive securities 1,211,538 — 1,217,206 — Diluted weighted average common shares outstanding 139,488,577 137,016,712 138,835,834 137,016,712

Subsidiary Guarantors of Seni42

Subsidiary Guarantors of Senior Notes due 2024 (Tables)	9 Months Ended
	Sep. 30, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Income Statement	MANITOWOC FOODSERVICE, INC. Consolidating (Condensed) Statement of Operations For the Three Months Ended September 30, 2016 (Unaudited) (in millions) Parent Guarantor Non- Eliminations Consolidated Net sales $ — $ 285.4 $ 192.2 $ (93.6 ) $ 384.0 Cost of sales 1.2 197.2 137.2 (93.6 ) 242.0 Gross profit (1.2 ) 88.2 55.0 — 142.0 Selling, general and administrative expenses 8.3 37.9 23.7 — 69.9 Amortization expense — 7.1 0.7 — 7.8 Separation expense 1.3 0.1 — — 1.4 Restructuring expense — 0.6 — — 0.6 Asset impairment expense — 1.7 — — 1.7 (Loss) earnings from operations (10.8 ) 40.8 30.6 — 60.6 Interest expense 24.2 0.2 0.6 — 25.0 Other expense — net 1.4 1.4 0.8 — 3.6 Equity in earnings (loss) of subsidiaries 41.0 22.6 — (63.6 ) — Earnings (loss) before income taxes 4.6 61.8 29.2 (63.6 ) 32.0 Income (benefit) taxes (20.3 ) 20.8 6.6 — 7.1 Net earnings (loss) $ 24.9 $ 41.0 $ 22.6 $ (63.6 ) $ 24.9 Total other comprehensive (loss) income, net of tax (1.5 ) (0.8 ) (0.7 ) 1.5 (1.5 ) Comprehensive income (loss) $ 23.4 $ 40.2 $ 21.9 $ (62.1 ) $ 23.4 MANITOWOC FOODSERVICE, INC. Consolidating (Condensed) Statement of Operations For the Three Months Ended September 30, 2015 (Unaudited) (in millions) Parent Guarantor Non- Eliminations Consolidated Net sales $ — $ 299.3 $ 209.0 $ (83.0 ) $ 425.3 Cost of sales — 213.5 159.5 (83.0 ) 290.0 Gross profit — 85.8 49.5 — 135.3 Selling, general and administrative expenses 7.6 37.7 26.4 — 71.7 Amortization expense — 6.4 1.5 — 7.9 Separation expense 1.0 — — — 1.0 Restructuring expense — — 0.8 — 0.8 (Loss) earnings from operations (8.6 ) 41.7 20.8 — 53.9 Interest expense — 0.3 — — 0.3 Interest (income) expense on notes with MTW — net — (4.4 ) 0.2 — (4.2 ) Other income — net — (0.2 ) (1.4 ) — (1.6 ) Equity in earnings (loss) of subsidiaries 50.8 3.7 — (54.5 ) — Earnings (loss) before income taxes 42.2 49.7 22.0 (54.5 ) 59.4 Income taxes (benefit) 1.1 (1.1 ) 18.3 — 18.3 Net earnings (loss) $ 41.1 $ 50.8 $ 3.7 $ (54.5 ) $ 41.1 Total other comprehensive (loss) income, net of tax (9.5 ) (10.1 ) (9.8 ) 19.9 (9.5 ) Comprehensive income (loss) $ 31.6 $ 40.7 $ (6.1 ) $ (34.6 ) $ 31.6 MANITOWOC FOODSERVICE, INC. Consolidating (Condensed) Statement of Operations For the Nine Months Ended September 30, 2016 (Unaudited) (in millions) Parent Guarantor Non- Eliminations Consolidated Net sales $ — $ 804.4 $ 546.6 $ (273.1 ) $ 1,077.9 Cost of sales 2.4 559.5 394.8 (273.1 ) 683.6 Gross profit (2.4 ) 244.9 151.8 — 394.3 Selling, general and administrative expenses 26.6 112.7 77.8 — 217.1 Amortization expense — 21.4 2.1 — 23.5 Separation expense 5.6 — 0.1 — 5.7 Restructuring expense — 1.4 0.8 — 2.2 Asset impairment expense — 1.7 — — 1.7 (Loss) earnings from operations (34.6 ) 107.7 71.0 — 144.1 Interest expense 58.2 1.0 1.3 — 60.5 Interest expense on notes with MTW — net — — 0.1 — 0.1 Other expense (income) — net 12.4 46.9 (49.7 ) — 9.6 Equity in earnings (loss) of subsidiaries 114.9 86.8 — (201.7 ) — Earnings (loss) before income taxes 9.7 146.6 119.3 (201.7 ) 73.9 Income (benefit) taxes (48.4 ) 31.7 32.5 — 15.8 Net earnings (loss) $ 58.1 $ 114.9 $ 86.8 $ (201.7 ) $ 58.1 Total other comprehensive income (loss), net of tax 3.4 14.8 20.2 (35.0 ) 3.4 Comprehensive income (loss) $ 61.5 $ 129.7 $ 107.0 $ (236.7 ) $ 61.5 MANITOWOC FOODSERVICE, INC. Consolidating (Condensed) Statement of Operations For the Nine Months Ended September 30, 2015 (Unaudited) (in millions) Parent Guarantor Non- Eliminations Consolidated Net sales $ — $ 833.9 $ 607.0 $ (262.5 ) $ 1,178.4 Cost of sales — 609.0 463.1 (262.5 ) 809.6 Gross profit — 224.9 143.9 — 368.8 Selling, general and administrative expenses 24.2 111.1 88.0 — 223.3 Amortization expense — 20.7 2.9 — 23.6 Separation expense 1.1 0.4 — — 1.5 Restructuring expense — 0.8 0.5 — 1.3 (Loss) earnings from operations (25.3 ) 91.9 52.5 — 119.1 Interest expense — 0.9 0.1 — 1.0 Interest income on notes with MTW — net — (12.9 ) (0.6 ) — (13.5 ) Other income — net — (2.0 ) (0.2 ) — (2.2 ) Equity in earnings (loss) of subsidiaries 112.5 28.5 — (141.0 ) — Earnings (loss) before income taxes 87.2 134.4 53.2 (141.0 ) 133.8 Income (benefit) taxes (4.8 ) 21.9 24.7 — 41.8 Net earnings (loss) $ 92.0 $ 112.5 $ 28.5 $ (141.0 ) $ 92.0 Total other comprehensive (loss) income, net of tax (19.8 ) (21.5 ) (20.4 ) 41.9 (19.8 ) Comprehensive income (loss) $ 72.2 $ 91.0 $ 8.1 $ (99.1 ) $ 72.2
Condensed Balance Sheet	MANITOWOC FOODSERVICE, INC. Consolidating (Condensed) Balance Sheet As of September 30, 2016 (Unaudited) (in millions) Parent Guarantor Non- Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ 10.1 $ 2.7 $ 56.8 $ — $ 69.6 Restricted cash — — 3.5 — 3.5 Accounts receivable — net 0.1 — 99.4 (4.0 ) 95.5 Inventories — net — 76.0 80.8 — 156.8 Prepaids and other current assets — 2.6 10.7 (0.8 ) 12.5 Current assets held for sale — 3.5 2.6 — 6.1 Total current assets 10.2 84.8 253.8 (4.8 ) 344.0 Property, plant and equipment — net 0.9 66.9 40.7 — 108.5 Goodwill — 832.4 13.5 — 845.9 Other intangible assets — net — 430.7 65.4 — 496.1 Intercompany long-term note receivable — 20.0 — (20.0 ) — Due from affiliates — 2,886.6 — (2,886.6 ) — Investment in subsidiaries 3,773.7 — — (3,773.7 ) — Other non-current assets 5.6 3.7 65.0 (51.1 ) 23.2 Total assets $ 3,790.4 $ 4,325.1 $ 438.4 $ (6,736.2 ) $ 1,817.7 Liabilities and equity Current liabilities: Accounts payable $ 4.0 $ 68.5 $ 49.6 $ (4.0 ) $ 118.1 Accrued expenses and other liabilities 6.0 94.9 53.7 (0.8 ) 153.8 Current portion of long-term debt and capital leases — 0.5 1.3 — 1.8 Product warranties — 20.7 10.1 — 30.8 Total current liabilities 10.0 184.6 114.7 (4.8 ) 304.5 Long-term debt and capital leases 1,342.1 1.8 — — 1,343.9 Deferred income taxes 132.0 — 61.2 (45.2 ) 148.0 Pension and postretirement health obligations 60.3 4.9 — (5.9 ) 59.3 Intercompany long-term note payable 15.7 — 4.3 (20.0 ) — Due to affiliates 2,293.4 — 593.2 (2,886.6 ) — Investment in subsidiaries — 337.0 — (337.0 ) — Other long-term liabilities 9.1 23.1 2.0 — 34.2 Total non-current liabilities 3,852.6 366.8 660.7 (3,294.7 ) 1,585.4 Total (deficit) equity: Total (deficit) equity (72.2 ) 3,773.7 (337.0 ) (3,436.7 ) (72.2 ) Total liabilities and equity $ 3,790.4 $ 4,325.1 $ 438.4 $ (6,736.2 ) $ 1,817.7 MANITOWOC FOODSERVICE, INC. Consolidating (Condensed) Balance Sheet As of December 31, 2015 (Audited) (in millions) Parent Guarantor Non- Eliminations Consolidated Assets Current assets: Cash and cash equivalents $ — $ 3.5 $ 28.5 $ — $ 32.0 Restricted cash — — 0.6 — 0.6 Accounts receivable — net — — 73.4 (9.6 ) 63.8 Intercompany interest receivable — — 4.2 (4.2 ) — Intercompany short-term note receivable — — 31.0 (31.0 ) — Inventories — net — 80.2 65.7 — 145.9 Prepaids and other current assets 1.2 2.3 9.0 (2.2 ) 10.3 Total current assets 1.2 86.0 212.4 (47.0 ) 252.6 Property, plant and equipment — net 0.9 71.2 44.3 — 116.4 Goodwill — 832.4 13.4 — 845.8 Other intangible assets — net — 452.1 67.5 — 519.6 Intercompany long-term note receivable — — 42.4 (42.4 ) — Due from affiliates — 3,074.9 — (3,074.9 ) — Investment in subsidiaries 3,579.8 — — (3,579.8 ) — Other non-current assets — 3.1 71.8 (59.0 ) 15.9 Long-term assets held for sale — 3.7 — — 3.7 Total assets $ 3,581.9 $ 4,523.4 $ 451.8 $ (6,803.1 ) $ 1,754.0 Liabilities and equity Current liabilities: Accounts payable $ 0.1 $ 81.8 $ 56.7 $ (9.6 ) $ 129.0 Accrued expenses and other liabilities — 100.1 59.7 (2.2 ) 157.6 Current portion of capital leases — 0.4 — — 0.4 Intercompany interest payable — 4.2 — (4.2 ) — Intercompany short-term note payable — 31.0 — (31.0 ) — Product warranties — 23.8 10.5 — 34.3 Total current liabilities 0.1 241.3 126.9 (47.0 ) 321.3 Long-term capital leases — 2.3 — — 2.3 Deferred income taxes 155.4 — 63.5 (51.0 ) 167.9 Pension and postretirement health obligations 35.0 6.3 — (8.0 ) 33.3 Intercompany long-term note payable — 42.4 — (42.4 ) — Due to affiliates 2,176.9 — 898.0 (3,074.9 ) — Investment in subsidiaries — 638.6 — (638.6 ) — Other long-term liabilities 5.8 12.7 2.0 — 20.5 Total non-current liabilities 2,373.1 702.3 963.5 (3,814.9 ) 224.0 Total (deficit) equity: Total (deficit) equity 1,208.7 3,579.8 (638.6 ) (2,941.2 ) 1,208.7 Total liabilities and equity $ 3,581.9 $ 4,523.4 $ 451.8 $ (6,803.1 ) $ 1,754.0
Condensed Cash Flow Statement	MANITOWOC FOODSERVICE, INC. Consolidating (Condensed) Statement of Cash Flows For the Nine Months Ended September 30, 2016 (Unaudited) (in millions) Parent Guarantor Non- Eliminations Consolidated Cash flows from operating activities Net cash (used for) provided by operating activities $ (4.0 ) $ 98.5 $ (42.7 ) $ — $ 51.8 Cash flows from investing activities Capital expenditures (0.6 ) (5.4 ) (4.8 ) — (10.8 ) Changes in restricted cash — — (2.9 ) — (2.9 ) Intercompany investment — (51.0 ) — 51.0 — Proceeds from intercompany note — — 42.4 (42.4 ) — Net cash (used for) provided by investing activities (0.6 ) (56.4 ) 34.7 8.6 (13.7 ) Cash flows from financing activities Proceeds from long-term debt and capital leases 1,466.9 — 8.7 — 1,475.6 Repayments on long-term debt and capital leases (86.8 ) (0.5 ) (7.3 ) — (94.6 ) Debt issuance costs (41.2 ) — — — (41.2 ) Dividend paid to MTW (1,362.0 ) — — — (1,362.0 ) Net transactions with MTW 7.0 — — — 7.0 Exercises of stock options 15.1 — — — 15.1 Intercompany financing 15.7 — 35.3 (51.0 ) — Repayments on intercompany note — (42.4 ) — 42.4 — Net cash provided by (used for) financing activities 14.7 (42.9 ) 36.7 (8.6 ) (0.1 ) Effect of exchange rate changes on cash — — (0.4 ) — (0.4 ) Net increase (decrease) in cash and cash equivalents 10.1 (0.8 ) 28.3 — 37.6 Balance at beginning of period — 3.5 28.5 — 32.0 Balance at end of period $ 10.1 $ 2.7 $ 56.8 $ — $ 69.6 MANITOWOC FOODSERVICE, INC. Consolidating (Condensed) Statement of Cash Flows For the Nine Months Ended September 30, 2015 (Unaudited) (in millions) Parent Guarantor Non- Eliminations Consolidated Cash flows from operating activities Net cash provided by operating activities $ 28.6 $ 0.1 $ 40.1 $ — $ 68.8 Cash flows from investing activities Capital expenditures (0.3 ) (5.3 ) (4.0 ) — (9.6 ) Proceeds from sale of property, plant and equipment — 0.1 — — 0.1 Changes in restricted cash — (0.6 ) — (0.6 ) Intercompany investment (2.2 ) — (2.1 ) 4.3 — Net cash (used for) provided by investing activities (2.5 ) (5.2 ) (6.7 ) 4.3 (10.1 ) Cash flows from financing activities Proceeds from long-term debt and capital leases — 0.5 — — 0.5 Repayments on long-term debt and capital leases — (0.3 ) (0.1 ) — (0.4 ) Net transactions with MTW (26.1 ) — — — (26.1 ) Intercompany financing — 4.3 — (4.3 ) — Net cash (used for) provided by financing activities (26.1 ) 4.5 (0.1 ) (4.3 ) (26.0 ) Effect of exchange rate changes on cash — — (1.9 ) — (1.9 ) Net (decrease) increase in cash and cash equivalents — (0.6 ) 31.4 — 30.8 Balance at beginning of period — 2.7 13.8 — 16.5 Balance at end of period $ — $ 2.1 $ 45.2 $ — $ 47.3

Description of the Business a43

Description of the Business and Basis of Presentation (Details)	Jan. 29, 2015CompanyBusiness
Accounting Policies [Abstract]
Number of independent public companies | Company	2
Number of independent businesses | Business	2

Fair Value of Financial Instr44

Fair Value of Financial Instruments - Financial assets and liabilities accounted for at fair value on a recurring basis by level within the fair value hierarchy (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Financial assets and liabilities accounted for at fair value on a recurring basis
Total assets at fair value	$ 1.1	$ 0
Total non-current liabilities at fair value	1	3.6
Fair value measurement on recurring basis
Financial assets and liabilities accounted for at fair value on a recurring basis
Total current assets at fair value	1	0
Total non-current assets at fair value	0.1
Total assets at fair value	1.1	0
Total current liabilities at fair value	0.9	3.2
Total non-current liabilities at fair value	0.1	0.4
Total liabilities at fair value	1	3.6
Fair value measurement on recurring basis | Foreign currency exchange contracts
Financial assets and liabilities accounted for at fair value on a recurring basis
Total current assets at fair value	0.9	0
Total current liabilities at fair value	0.3	0.1
Fair value measurement on recurring basis | Commodity contracts
Financial assets and liabilities accounted for at fair value on a recurring basis
Total current assets at fair value	0.1
Total non-current assets at fair value	0.1
Total current liabilities at fair value	0.6	3.1
Total non-current liabilities at fair value	0.1	0.4
Fair value measurement on recurring basis | Level 1
Financial assets and liabilities accounted for at fair value on a recurring basis
Total current assets at fair value	0	0
Total non-current assets at fair value	0
Total assets at fair value	0	0
Total current liabilities at fair value	0	0
Total non-current liabilities at fair value	0	0
Total liabilities at fair value	0	0
Fair value measurement on recurring basis | Level 1 | Foreign currency exchange contracts
Financial assets and liabilities accounted for at fair value on a recurring basis
Total current assets at fair value	0	0
Total current liabilities at fair value	0	0
Fair value measurement on recurring basis | Level 1 | Commodity contracts
Financial assets and liabilities accounted for at fair value on a recurring basis
Total current assets at fair value	0
Total non-current assets at fair value	0
Total current liabilities at fair value	0	0
Total non-current liabilities at fair value	0	0
Fair value measurement on recurring basis | Level 2
Financial assets and liabilities accounted for at fair value on a recurring basis
Total current assets at fair value	1	0
Total non-current assets at fair value	0.1
Total assets at fair value	1.1	0
Total current liabilities at fair value	0.9	3.2
Total non-current liabilities at fair value	0.1	0.4
Total liabilities at fair value	1	3.6
Fair value measurement on recurring basis | Level 2 | Foreign currency exchange contracts
Financial assets and liabilities accounted for at fair value on a recurring basis
Total current assets at fair value	0.9	0
Total current liabilities at fair value	0.3	0.1
Fair value measurement on recurring basis | Level 2 | Commodity contracts
Financial assets and liabilities accounted for at fair value on a recurring basis
Total current assets at fair value	0.1
Total non-current assets at fair value	0.1
Total current liabilities at fair value	0.6	3.1
Total non-current liabilities at fair value	0.1	0.4
Fair value measurement on recurring basis | Level 3
Financial assets and liabilities accounted for at fair value on a recurring basis
Total current assets at fair value	0	0
Total non-current assets at fair value	0
Total assets at fair value	0	0
Total current liabilities at fair value	0	0
Total non-current liabilities at fair value	0	0
Total liabilities at fair value	0	0
Fair value measurement on recurring basis | Level 3 | Foreign currency exchange contracts
Financial assets and liabilities accounted for at fair value on a recurring basis
Total current assets at fair value	0	0
Total current liabilities at fair value	0	0
Fair value measurement on recurring basis | Level 3 | Commodity contracts
Financial assets and liabilities accounted for at fair value on a recurring basis
Total current assets at fair value	0
Total non-current assets at fair value	0
Total current liabilities at fair value	0	0
Total non-current liabilities at fair value	$ 0	$ 0

Fair Value of Financial Instr45

Fair Value of Financial Instruments - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2016	Feb. 18, 2016
Senior Notes due 2024 | Senior Notes
Financial assets and liabilities accounted for at fair value on a recurring basis
Interest rate, stated percentage (as a percent)	9.50%	9.50%
Debt instruments at fair value	$ 488.8
Term loan B | Senior Secured
Financial assets and liabilities accounted for at fair value on a recurring basis
Debt instruments at fair value	$ 919.7

Derivative Financial Instrume46

Derivative Financial Instruments - Narrative (Details) $ in Millions	9 Months Ended
	Sep. 30, 2016USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Estimated amount of unrealized gains, net of tax, related to interest rate, commodity price and currency rate hedging that will be reclassified from other comprehensive income into earnings	$ 0.1
Hedge period, low end of the range (in months)	15 months
Hedge period, high end of the range (in months)	36 months

Derivative Financial Instrume47

Derivative Financial Instruments Derivative Financial Instruments - Outstanding Commodity Contracts Designated as Hedging (Details) - Designated as Hedging Instrument	9 Months Ended	12 Months Ended
	Sep. 30, 2016MMBTUT	Dec. 31, 2015MMBTUT
Aluminum
Derivatives, Fair Value [Line Items]
Commodity units hedged, mass	1,113	1,215
Copper
Derivatives, Fair Value [Line Items]
Commodity units hedged, mass	853	472
Natural gas
Derivatives, Fair Value [Line Items]
Commodity units hedged, energy | MMBTU	87,285	49,396
Steel
Derivatives, Fair Value [Line Items]
Commodity units hedged, mass	6,400	11,073

Derivative Financial Instrume48

Derivative Financial Instruments Derivative Financial Instruments - Outstanding Currency Forward Contracts Designated as Hedging (Details) - Foreign exchange contracts - Designated as Hedging Instrument

Sep. 30, 2016EUR (€)

Sep. 30, 2016CAD

Sep. 30, 2016USD ($)

Sep. 30, 2016MXN

Sep. 30, 2016SGD

Sep. 30, 2016GBP (£)

Dec. 31, 2015EUR (€)

Dec. 31, 2015CAD

Dec. 31, 2015USD ($)

Dec. 31, 2015MXN

Dec. 31, 2015SGD

Dec. 31, 2015GBP (£)

Canadian Dollar

Derivatives, Fair Value [Line Items]

Currency units hedged | CAD

CAD 40,055,000

CAD 587,556

European Euro

Derivatives, Fair Value [Line Items]

Currency units hedged | €

€ 7,613,423

€ 231,810

British Pound

Derivatives, Fair Value [Line Items]

Currency units hedged | £

£ 5,232,246

£ 113,115

Mexican Peso

Derivatives, Fair Value [Line Items]

Currency units hedged | MXN

MXN 0

MXN 28,504,800

U.S. Dollar

Derivatives, Fair Value [Line Items]

Currency units hedged | $

$ 12,610,459

$ 0

Singapore Dollar

Derivatives, Fair Value [Line Items]

Currency units hedged | SGD

SGD 3,115,000

SGD 0

Derivative Financial Instrume49

Derivative Financial Instruments Derivative Financial Instruments - Outstanding Commodity Contracts not Designated as Hedging (Details) - Not Designated as Hedging Instrument - T	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Aluminum
Derivatives, Fair Value [Line Items]
Commodity units hedged, mass	60	0
Steel
Derivatives, Fair Value [Line Items]
Commodity units hedged, mass	947	0

Derivative Financial Instrume50

Derivative Financial Instruments Derivative Financial Instruments - Outstanding Currency Forward Contracts not Designated as Hedging (Details) - Foreign exchange contracts	Sep. 30, 2016EUR (€)	Sep. 30, 2016CAD	Sep. 30, 2016CHF (SFr)	Dec. 31, 2015EUR (€)	Dec. 31, 2015CAD	Dec. 31, 2015CHF (SFr)
Canadian Dollar | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Currency units hedged | CAD		CAD 9,800,000			CAD 1,117,850
Canadian Dollar | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Currency units hedged | CAD		CAD 40,055,000			CAD 587,556
European Euro | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Currency units hedged | €	€ 12,500,000			€ 0
European Euro | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Currency units hedged | €	€ 7,613,423			€ 231,810
Swiss Franc | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Currency units hedged | SFr			SFr 3,150,000			SFr 0

Derivative Financial Instrume51

Derivative Financial Instruments Derivative Financial Instruments - Schedule of the Fair Value of Outstanding Derivative Contracts Recorded as Assets in the Accompanying Consolidated Balance Sheet (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Derivatives, Fair Value [Line Items]
Total assets at fair value	$ 1.1	$ 0
Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Total assets at fair value	1.1	0
Foreign currency exchange contracts | Designated as Hedging Instrument | Prepaids and other current assets
Derivatives, Fair Value [Line Items]
Total assets at fair value	0.9	0
Commodity contracts | Designated as Hedging Instrument | Prepaids and other current assets
Derivatives, Fair Value [Line Items]
Total assets at fair value	0.1	0
Commodity contracts | Designated as Hedging Instrument | Other non-current assets
Derivatives, Fair Value [Line Items]
Total assets at fair value	$ 0.1	$ 0

Derivative Financial Instrume52

Derivative Financial Instruments Derivative Financial Instruments - Schedule of the Fair Value of Outstanding Derivative Contracts Recorded as Liabilities in the Accompanying Consolidated Balance Sheet (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Derivatives, Fair Value [Line Items]
Total non-current liabilities at fair value	$ 1	$ 3.6
Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Total non-current liabilities at fair value	0.9	2.8
Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Total non-current liabilities at fair value	0.1	0.8
Foreign exchange contracts | Designated as Hedging Instrument | Accrued expenses and other liabilities
Derivatives, Fair Value [Line Items]
Total non-current liabilities at fair value	0.3	0.1
Commodity contracts | Designated as Hedging Instrument | Accrued expenses and other liabilities
Derivatives, Fair Value [Line Items]
Total non-current liabilities at fair value	0.5	2.4
Commodity contracts | Designated as Hedging Instrument | Other long-term liabilities
Derivatives, Fair Value [Line Items]
Total non-current liabilities at fair value	0.1	0.3
Commodity contracts | Not Designated as Hedging Instrument | Accrued expenses and other liabilities
Derivatives, Fair Value [Line Items]
Total non-current liabilities at fair value	0.1	0.7
Commodity contracts | Not Designated as Hedging Instrument | Other long-term liabilities
Derivatives, Fair Value [Line Items]
Total non-current liabilities at fair value	$ 0	$ 0.1

Derivative Financial Instrume53

Derivative Financial Instruments Derivative Financial Instruments - Amounts Reclassified from Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Derivatives, Fair Value [Line Items]
Cost of sales	$ 242	$ 290	$ 683.6	$ 809.6
Reclassification out of Accumulated Other Comprehensive Income | Gains and Losses on Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Cost of sales	0.2	(1.3)	(1.1)	(3.4)
Reclassification out of Accumulated Other Comprehensive Income | Gains and Losses on Cash Flow Hedges | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Cost of sales	0.4	(0.3)	0.3	(1.2)
Reclassification out of Accumulated Other Comprehensive Income | Gains and Losses on Cash Flow Hedges | Commodity contracts
Derivatives, Fair Value [Line Items]
Cost of sales	(0.2)	(1)	(1.4)	(2.2)
Cash Flow Hedging | Gains and Losses on Cash Flow Hedges
Derivatives, Fair Value [Line Items]
Amount of gain (loss) recognized in AOCI on derivative (effective portion, net of tax)	(0.3)	(0.6)	2.1	(1.6)
Cash Flow Hedging | Gains and Losses on Cash Flow Hedges | Foreign exchange contracts
Derivatives, Fair Value [Line Items]
Amount of gain (loss) recognized in AOCI on derivative (effective portion, net of tax)	(0.3)	(0.1)	0.4	0.1
Cash Flow Hedging | Gains and Losses on Cash Flow Hedges | Commodity contracts
Derivatives, Fair Value [Line Items]
Amount of gain (loss) recognized in AOCI on derivative (effective portion, net of tax)	0	(0.5)	1.7	(1.7)
Other Operating Income (Expense) [Member] | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Other expense (income) — net	0.6	0.1	0.7	0.1
Other Operating Income (Expense) [Member] | Foreign exchange contracts | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Other expense (income) — net	0.6	0.1	0	0.1
Other Operating Income (Expense) [Member] | Commodity contracts | Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Other expense (income) — net			0.7	0
Cost of sales | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Amount of gain (loss) recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing)	0	0.1	0	0.1
Cost of sales | Cash Flow Hedging | Commodity contracts
Derivatives, Fair Value [Line Items]
Amount of gain (loss) recognized in income on derivative (ineffective portion and amount excluded from effectiveness testing)	$ 0	$ 0.1	$ 0	$ 0.1

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Inventories — gross:
Raw materials	$ 70.5	$ 70.7
Work-in-process	18.5	18.7
Finished goods	96	83.4
Total inventories — gross	185	172.8
Excess and obsolete inventory reserve	(24.8)	(23.5)
Net inventories at FIFO cost	160.2	149.3
Excess of FIFO costs over LIFO value	(3.4)	(3.4)
Inventories — net	$ 156.8	$ 145.9

Property, Plant and Equipment55

Property, Plant and Equipment (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment
Total cost	$ 383.9	$ 384.8
Less accumulated depreciation	(275.4)	(268.4)
Property, plant and equipment-net	108.5	116.4
Land
Property, Plant and Equipment
Total cost	7.3	7.3
Building and improvements
Property, Plant and Equipment
Total cost	92.1	94.3
Machinery, equipment and tooling
Property, Plant and Equipment
Total cost	214.5	216
Furniture and fixtures
Property, Plant and Equipment
Total cost	6	6.2
Computer hardware and software
Property, Plant and Equipment
Total cost	53.5	51.2
Construction in progress
Property, Plant and Equipment
Total cost	$ 10.5	$ 9.8

Goodwill and Other Intangible56

Goodwill and Other Intangible Assets - Narrative (Details)	3 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Sep. 30, 2016USD ($)segment	Sep. 30, 2015USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 7,800,000	$ 7,900,000		$ 23,500,000	$ 23,600,000
Number of reportable segments | segment				3
Impairment of intangible assets			$ 0
Amortization of intangible assets	$ 7,800,000	$ 7,900,000		$ 23,500,000	$ 23,600,000

Goodwill and Other Intangible57

Goodwill and Other Intangible Assets - Changes in goodwill by reportable segment (Details) $ in Millions	9 Months Ended
	Sep. 30, 2016USD ($)
Goodwill [Roll Forward]
Goodwill beginning of period	$ 845.8
Foreign currency impact	0.1
Goodwill end of period	845.9
Americas
Goodwill [Roll Forward]
Goodwill beginning of period	832.6
Foreign currency impact	0
Goodwill end of period	832.6
EMEA
Goodwill [Roll Forward]
Goodwill beginning of period	4.8
Foreign currency impact	0.1
Goodwill end of period	4.9
APAC
Goodwill [Roll Forward]
Goodwill beginning of period	8.4
Foreign currency impact	0
Goodwill end of period	$ 8.4

Goodwill and Other Intangible58

Goodwill and Other Intangible Assets - Gross carrying amount and accumulated amortization of the company's intangible assets other than goodwill (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Estimated useful lives of other intangible assets
Gross Carrying Amount	$ 735	$ 735.2
Accumulated Amortization Amount	(238.9)	(215.6)
Net Book Value	496.1	519.6
Trademarks and tradenames
Estimated useful lives of other intangible assets
Gross Carrying Amount	175.1	175.1
Accumulated Amortization Amount	0
Net Book Value	175.1	175.1
Customer relationships
Estimated useful lives of other intangible assets
Gross Carrying Amount	415.3	415.2
Accumulated Amortization Amount	(166.2)	(150.4)
Net Book Value	249.1	264.8
Patents
Estimated useful lives of other intangible assets
Gross Carrying Amount	1.7	1.7
Accumulated Amortization Amount	(1.7)	(1.6)
Net Book Value	0	0.1
Other intangibles
Estimated useful lives of other intangible assets
Gross Carrying Amount	142.9	143.2
Accumulated Amortization Amount	(71)	(63.6)
Net Book Value	$ 71.9	$ 79.6

Accounts Payable and Accrued 59

Accounts Payable and Accrued Expenses and Other Liabilities (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Payables and Accruals [Abstract]
Trade accounts payable and interest payable	$ 115.9	$ 121.7
Income taxes payable	2.2	7.3
Total accounts payable	118.1	129
Employee related expenses	33.2	24.5
Restructuring expenses	3.9	16.8
Profit sharing and incentives	12.9	3.9
Accrued rebates	50.9	49.9
Deferred revenue - current	4.2	3.8
Dividend payable to MTW	0	10.2
Customer advances	5.6	2.9
Product liability	3	2.6
Miscellaneous accrued expenses	40.1	43
Total accrued expenses and other liabilities	$ 153.8	$ 157.6

Accounts Receivable Securitiz60

Accounts Receivable Securitization (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2016USD ($)Company	Dec. 31, 2015USD ($)	Mar. 03, 2016USD ($)
Related Party Transaction [Line Items]
Capacity of securitization program			$ 110,000,000
Average collection cycle for accounts receivable (less than)	60 days
Fair value of deferred purchase price notes	$ 75,000,000	$ 48,400,000
Trade accounts receivable balance sold	89,700,000	$ 100,900,000
Accounts receivable securitization	$ 15,900,000
MTW
Related Party Transaction [Line Items]
Number of funding entities | Company	2
MTW | LIBOR
Related Party Transaction [Line Items]
Fixed spread (as a percent)	1.25%

Debt - Narrative (Details)

Debt - Narrative (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016	Mar. 31, 2016	Mar. 03, 2016USD ($)	Feb. 18, 2016USD ($)	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
Debt outstanding	$ 1,383,600,000	$ 1,383,600,000					$ 2,700,000
Price percentage on notes that are required to be offered for repurchase (as a percent)		101.00%
Senior notes default redemption minimum principal as percentage of principal outstanding (at least)		25.00%
Consolidated total leverage ratio	5.29	5.29
Consolidated total leverage ratio covenant	6	6	6.25	6.25
Consolidated interest coverage ratio	3.17	3.17
Consolidated interest coverage ratio covenant	2.25	2.25	2	2
Senior Notes and 2016 Credit Agreement
Debt Instrument [Line Items]
Face amount of debt					$ 975,000,000
2016 Credit Agreement | LIBOR
Debt Instrument [Line Items]
Spreads for LIBOR and prime borrowings		4.75%
Debt instrument basis spread on variable rate, floor		1.00%
2016 Credit Agreement | LIBOR | Minimum
Debt Instrument [Line Items]
Spreads for LIBOR and prime borrowings		1.50%
2016 Credit Agreement | LIBOR | Maximum
Debt Instrument [Line Items]
Spreads for LIBOR and prime borrowings		2.75%
2016 Credit Agreement | Alternate base rate
Debt Instrument [Line Items]
Debt instrument basis spread on variable rate, fixed discount to LIBOR rate		1.00%
Term loan B
Debt Instrument [Line Items]
Debt outstanding	$ 905,000,000	$ 905,000,000					0
Senior Notes due 2024
Debt Instrument [Line Items]
Debt outstanding	425,000,000	425,000,000					0
Revolving credit facility
Debt Instrument [Line Items]
Debt outstanding	50,000,000	50,000,000					0
Other
Debt Instrument [Line Items]
Debt outstanding	$ 3,600,000	$ 3,600,000					$ 2,700,000
Weighted average interest rate (as a percent)	4.13%	4.13%
Line of Credit | 2016 Credit Agreement
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)	3.33%	3.33%
Highest daily borrowings	$ 57,000,000
Average borrowings	$ 47,900,000
Line of Credit | Revolving credit facility | 2016 Credit Agreement
Debt Instrument [Line Items]
Line of credit facility					225,000,000
Line of Credit | Revolving credit facility | 2016 Credit Agreement | LIBOR
Debt Instrument [Line Items]
Spreads for LIBOR and prime borrowings		2.75%
Line of Credit | Revolving credit facility | 2016 Credit Agreement | Prime Rate
Debt Instrument [Line Items]
Spreads for LIBOR and prime borrowings		1.75%
Line of Credit | Letter of Credit | 2016 Credit Agreement
Debt Instrument [Line Items]
Line of credit facility					20,000,000
Line of Credit | Swingline Loan | 2016 Credit Agreement
Debt Instrument [Line Items]
Line of credit facility					$ 40,000,000
Senior Notes | Senior Notes due 2024
Debt Instrument [Line Items]
Face amount of debt						$ 425,000,000
Interest rate, stated percentage (as a percent)	9.50%	9.50%				9.50%
Debt instrument, redemption price (as a percent)		100.00%

Debt - Summary of covenant leve

Debt - Summary of covenant levels of financial covenants (Details)	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016
Debt Disclosure [Abstract]
Consolidated Total Leverage Ratio (less than)	6	6.25	6.25
Consolidated Interest Coverage Ratio (greater than)	2.25	2	2

Debt - Schedule of percentage o

Debt - Schedule of percentage of principal amount at which the entity may redeem the notes (Details) - Senior Notes due 2024	9 Months Ended
	Sep. 30, 2016
2,019
Debt Instrument, Redemption [Line Items]
Debt instrument, redemption price (as a percent)	107.10%
2,020
Debt Instrument, Redemption [Line Items]
Debt instrument, redemption price (as a percent)	104.80%
2,021
Debt Instrument, Redemption [Line Items]
Debt instrument, redemption price (as a percent)	102.40%
2022 and thereafter
Debt Instrument, Redemption [Line Items]
Debt instrument, redemption price (as a percent)	100.00%

Debt - Schedule of outstanding

Debt - Schedule of outstanding debt (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total debt and capital leases including current portion	$ 1,383.6	$ 2.7
Less current portion and short-term borrowings	(1.8)	(0.4)
Less unamortized debt issuance costs	(37.9)	0
Long-term debt and capital leases	1,343.9	2.3
Revolving credit facility
Debt Instrument [Line Items]
Total debt and capital leases including current portion	50	0
Term loan B
Debt Instrument [Line Items]
Total debt and capital leases including current portion	905	0
Senior Notes due 2024
Debt Instrument [Line Items]
Total debt and capital leases including current portion	425	0
Other
Debt Instrument [Line Items]
Total debt and capital leases including current portion	$ 3.6	$ 2.7

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)segment	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Income Tax Disclosure [Abstract]
Income tax provision	$ 7.1	$ 18.3	$ 15.8	$ 41.8
Effective tax rate	22.20%	30.80%
Decrease in earnings from operations	$ 27.4		59.9
Decrease in tax provision			$ 2.9
Federal income tax at statutory rate			35.00%
Number of reportable segments | segment			3
Unrecognized tax benefits	12.1		$ 12.1		$ 16.6
Decrease in unrecognized tax benefits			0.4
Unrecognized tax benefits reasonably possible to impact effective income tax rate	$ 1.2		$ 1.2

Equity - Narrative (Details)

Equity - Narrative (Details) - USD ($)	Mar. 04, 2016	Mar. 03, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Class of Stock [Line Items]
One-time cash dividend to MTW					$ (1,362,000,000)
Dividend paid			$ 0	$ 0	$ 0	$ 0
Common Stock
Class of Stock [Line Items]
Shares of common stock issued (in shares)					137,016,712
MTW | Common Stock | One-Time Cash Dividend
Class of Stock [Line Items]
One-time cash dividend to MTW		$ (1,362,000,000)
Dividend paid		$ 1,362,000,000
MTW | MFS | Common Stock
Class of Stock [Line Items]
Shares of common stock issued (in shares)	137,000,000

Equity - Stockholders Equity Ro

Equity - Stockholders Equity Rollforward (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2016	Sep. 30, 2015
Increase (Decrease) in Stockholders' Equity
Beginning balance			$ 1,208.7			$ 1,251.4	$ 1,208.7	$ 1,251.4
Net earnings	$ 24.9			$ 41.1			58.1	92
Net transfers to MTW							1,362
Other comprehensive loss	(1.5)			(9.5)			3.4	(19.8)
Net increase in net parent company investment								(8.2)
Separation related adjustments							48.4
Reclassification of net investment to additional paid-in capital							0
Issuance of common stock at Spin-Off							0
Issuance of common stock, equity-based compensation plans							15.1
Stock-based compensation expense							4.9
Adjustment from Spin-Off							0.6
Other comprehensive income							50.8
Ending balance	$ (72.2)			$ 1,315.4			$ (72.2)	$ 1,315.4
Common Stock
Increase (Decrease) in Stockholders' Equity
Beginning balance (in shares)			0			0	0	0
Beginning balance			$ 0			$ 0	$ 0	$ 0
Issuance of common stock at Spin-off (shares)							137,016,712
Issuance of common stock at Spin-Off							$ 1.4
Issuance of common stock, equity-based compensation plans (in shares)							1,455,590
Ending balance (in shares)	138,472,302			0			138,472,302	0
Ending balance	$ 1.4			$ 0			$ 1.4	$ 0
Additional Paid-In Capital (Deficit)
Increase (Decrease) in Stockholders' Equity
Beginning balance			0			0	0	0
Reclassification of net investment to additional paid-in capital							(94.5)
Issuance of common stock at Spin-Off							(1.4)
Issuance of common stock, equity-based compensation plans							15.1
Stock-based compensation expense							4.9
Adjustment from Spin-Off							0.6
Ending balance	(75.3)			0			(75.3)	0
Retained Earnings
Increase (Decrease) in Stockholders' Equity
Beginning balance			0			0	0	0
Net earnings							42.8
Ending balance	42.8			0			42.8	0
Net Parent Company Investment
Increase (Decrease) in Stockholders' Equity
Beginning balance			1,253.2			1,272.1	1,253.2	1,272.1
Net earnings							15.3	92
Net transfers to MTW							(1,362)
Net increase in net parent company investment								(8.2)
Separation related adjustments							(1)
Reclassification of net investment to additional paid-in capital							94.5
Ending balance	0			1,355.9			0	1,355.9
Accumulated Other Comprehensive (Loss) Income
Increase (Decrease) in Stockholders' Equity
Beginning balance	(39.6)	$ (35.3)	(44.5)	(31)	$ (31.8)	(20.7)	(44.5)	(20.7)
Other comprehensive loss	(1.5)	(4.3)	9.2	(9.5)	0.8	(11.1)		(19.8)
Separation related adjustments							(47.4)
Other comprehensive income							50.8
Ending balance	$ (41.1)	$ (39.6)	$ (35.3)	$ (40.5)	$ (31)	$ (31.8)	$ (41.1)	$ (40.5)

Equity - Reconciliations for th

Equity - Reconciliations for the changes in accumulated other comprehensive income (loss) (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2016	Sep. 30, 2015
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance			$ 1,208.7			$ 1,251.4	$ 1,208.7	$ 1,251.4
Total other comprehensive (loss) income, net of tax	$ (1.5)			$ (9.5)			3.4	(19.8)
Ending balance	(72.2)			1,315.4			(72.2)	1,315.4
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	3.2	$ 9.3	(7.9)	7.5	$ 6.2	17.3	(7.9)	17.3
Other comprehensive income (loss) before reclassifications	(0.5)	(6.1)	17.2	(9.2)	1.3	(11.1)
Amounts reclassified from accumulated other comprehensive income	0	0	0	0	0	0
Total other comprehensive (loss) income, net of tax	(0.5)	(6.1)	17.2	(9.2)	1.3	(11.1)
Ending balance	2.7	3.2	9.3	(1.7)	7.5	6.2	2.7	(1.7)
Gains and Losses on Cash Flow Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	0.6	(0.9)	(1.8)	(2)	(2.7)	(1)	(1.8)	(1)
Other comprehensive income (loss) before reclassifications	(0.2)	1.1	0.3	(1.4)	0.1	(2.4)
Amounts reclassified from accumulated other comprehensive income	(0.1)	0.4	0.6	0.8	0.6	0.7
Total other comprehensive (loss) income, net of tax	(0.3)	1.5	0.9	(0.6)	0.7	(1.7)
Ending balance	0.3	0.6	(0.9)	(2.6)	(2)	(2.7)	0.3	(2.6)
Pension & Postretirement
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(43.4)	(43.7)	(34.8)	(36.5)	(35.3)	(37)	(34.8)	(37)
Other comprehensive income (loss) before reclassifications	(1.1)	0.1	(9.4)	0	(1.4)	1.4
Amounts reclassified from accumulated other comprehensive income	0.4	0.2	0.5	0.3	0.2	0.3
Total other comprehensive (loss) income, net of tax	(0.7)	0.3	(8.9)	0.3	(1.2)	1.7
Ending balance	(44.1)	(43.4)	(43.7)	(36.2)	(36.5)	(35.3)	(44.1)	(36.2)
Accumulated Other Comprehensive (Loss) Income
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(39.6)	(35.3)	(44.5)	(31)	(31.8)	(20.7)	(44.5)	(20.7)
Other comprehensive income (loss) before reclassifications	(1.8)	(4.9)	8.1	(10.6)	0	(12.1)
Amounts reclassified from accumulated other comprehensive income	0.3	0.6	1.1	1.1	0.8	1
Total other comprehensive (loss) income, net of tax	(1.5)	(4.3)	9.2	(9.5)	0.8	(11.1)		(19.8)
Ending balance	$ (41.1)	$ (39.6)	$ (35.3)	$ (40.5)	$ (31)	$ (31.8)	$ (41.1)	$ (40.5)

Equity - Reclassification out o

Equity - Reclassification out of accumulated other comprehensive income (Details) - USD ($) $ in Millions	3 Months Ended						9 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2016	Sep. 30, 2015
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	$ 242			$ 290			$ 683.6	$ 809.6
Total before tax	32			59.4			73.9	133.8
Income taxes	(7.1)			(18.3)			(15.8)	(41.8)
Net earnings	24.9			41.1			58.1	92
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications for the period, net of tax	(0.3)			(1.1)			(1.9)	(2.9)
Gains and Losses on Cash Flow Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications for the period, net of tax	0.1	$ (0.4)	$ (0.6)	(0.8)	$ (0.6)	$ (0.7)
Gains and Losses on Cash Flow Hedges | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	0.2			(1.3)			(1.1)	(3.4)
Total before tax	0.2			(1.3)			(1.1)	(3.4)
Income taxes	(0.1)			0.5			0.4	1.3
Net earnings	0.1			(0.8)			(0.7)	(2.1)
Pension & Postretirement
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications for the period, net of tax	(0.4)	$ (0.2)	$ (0.5)	(0.3)	$ (0.2)	$ (0.3)
Pension & Postretirement | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total before tax	(0.6)			(0.3)			(1.9)	(0.8)
Tax benefit	0.2			0			0.7	0
Total reclassifications for the period, net of tax	(0.4)			(0.3)			(1.2)	(0.8)
Foreign currency exchange contracts | Gains and Losses on Cash Flow Hedges | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	0.4			(0.3)			0.3	(1.2)
Commodity contracts | Gains and Losses on Cash Flow Hedges | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	$ (0.2)			$ (1)			$ (1.4)	$ (2.2)

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Stock-Based Compensation
Stock-based compensation expense	$ 1.2	$ 0.7	$ 3.8	$ 2.3
Separation expense	1.4	$ 1	$ 5.7	$ 1.5
Number of share options granted during the period (in shares)			300,000	200,000
Restricted Stock
Stock-Based Compensation
Separation expense	$ 0.3		$ 1.1
Shares issued			300,000	100,000
2016 Plan
Stock-Based Compensation
Number of shares of common stock authorized under the plan (in shares)	16,200,000		16,200,000
2016 Plan | Stock Options
Stock-Based Compensation
Vesting period (in years)			4 years
Vesting rights percentage (as a percent)			25.00%
2016 Plan | Performance shares
Stock-Based Compensation
Vesting rights percentage (as a percent)			75.00%
Performance period			3 years

Contingencies and Significant71

Contingencies and Significant Estimates - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Product Warranty Liability [Line Items]
Accruals for environmental matters	$ 0.5
Period over which product liability self-insurance retention levels have fluctuated (in years)	10 years
Product liability reserves	$ 3	$ 2.6
Product liability reserves for actual cases	1.2	0.9
Product liability reserves for claims incurred but not reported	1.8	1.7
Product warranties	30.8	$ 34.3
Minimum
Product Warranty Liability [Line Items]
Self insurance reserve	0.1
Maximum
Product Warranty Liability [Line Items]
Self insurance reserve	0.3
Product liability self-insurance retention levels per occurrence	$ 0.3

Product Warranties - Narrative

Product Warranties - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Guarantees [Abstract]
Standard product warranty, low end of range (in months)	12 months
Standard product warranty, high end of range (in months)	60 months
Deferred revenue included in other current and non-current liabilities	$ 5.6	$ 5.7
Product warranties	$ 30.8	$ 34.3

Product Warranties - Schedule o

Product Warranties - Schedule of the Summary of Product Warranty Activity (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Warranty activity
Balance at beginning of period	$ 40	$ 42
Accruals for warranties issued during the period	17	24.2
Settlements made (in cash or in kind) during the period	(20.4)	(25.2)
Currency translation	(0.2)	(1)
Balance at end of period	$ 36.4	$ 40

Restructuring - Rollforward of

Restructuring - Rollforward of all Restructuring Activities (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Rollforward of all restructuring activities
Restructuring Reserve Balance, at the beginning of the period			$ 16.8
Restructuring Charges	$ 0.6	$ 0.8	2.2	$ 1.3
Use of Reserve			(3.7)
Restructuring Reserve Balance, at the end of the period	$ 15.3		$ 15.3

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) - Facility Closing - USD ($) $ in Millions	Sep. 30, 2016	Aug. 11, 2016
Closure of Singapore Facility
Restructuring Cost and Reserve [Line Items]
Expected restructuring cost		$ 3
Current assets held for sale	$ 2.6
Closure of Cleveland Facility
Restructuring Cost and Reserve [Line Items]
Current assets held for sale	$ 3.5

Employee Benefit Plans - Narrat

Employee Benefit Plans - Narrative (Details) $ in Millions	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Dec. 31, 2015plan
Compensation and Retirement Disclosure [Abstract]
Number of defined benefit pension plans | plan				2
Costs associated with shared plans	$ 0.1	$ 0.1	$ 0.9
Pension obligations assumed		55.6
Plan assets		34.1
Post-retirement medical obligations		6.8
Net transfer		28.3
After-tax deferred gain on pension obligations		$ 6.1
Number of defined contribution retirement plans | plan				3

Employee Benefit Plans - Schedu

Employee Benefit Plans - Schedule of Components of Period Benefit Costs (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost - benefits earned during the period	$ 0.1	$ 0.1	$ 0.2	$ 0.3
Interest cost of projected benefit obligations	2	1.7	6.3	4.9
Expected return on plan assets	(1.5)	(1.4)	(4.7)	(4.1)
Amortization of actuarial net loss	0.6	0.3	1.9	0.9
Net periodic benefit costs	1.2	0.7	3.7	2
Postretirement Health and Other Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost - benefits earned during the period	0	0	0	0
Interest cost of projected benefit obligations	0.1	0	0.3	0.1
Expected return on plan assets	0	0	0	0
Amortization of actuarial net loss	0	(0.1)	0	(0.1)
Net periodic benefit costs	$ 0.1	$ (0.1)	$ 0.3	$ 0

Business Segments (Details)

Business Segments (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Operating earnings (loss) from continuing operations
Net sales	$ 384	$ 425.3	$ 1,077.9	$ 1,178.4
Earnings before interest, taxes and amortization	32	59.4	73.9	133.8
Amortization expense	(7.8)	(7.9)	(23.5)	(23.6)
Interest expense	(25)	(0.3)	(60.5)	(1)
Interest income (expense) on notes with MTW — net	0	(4.2)	0.1	(13.5)
Other expense (income) — net	(3.6)	1.6	(9.6)	2.2
Assets	1,817.7		1,817.7		$ 1,754
United States
Operating earnings (loss) from continuing operations
Net sales	257.5	292.4	713.7	808.8
Other Americas
Operating earnings (loss) from continuing operations
Net sales	26.2	29.5	73.2	80.5
EMEA
Operating earnings (loss) from continuing operations
Net sales	56.7	62.4	177.5	177.2
APAC
Operating earnings (loss) from continuing operations
Net sales	43.6	41	113.5	111.9
Operating Segments
Operating earnings (loss) from continuing operations
Earnings before interest, taxes and amortization	82.5	74.3	208.4	174.7
Operating Segments | Americas
Operating earnings (loss) from continuing operations
Net sales	316.9	359.4	881.7	999.8
Earnings before interest, taxes and amortization	64.5	61.6	166.2	141.3
Assets	1,487.7		1,487.7		1,495.2
Operating Segments | EMEA
Operating earnings (loss) from continuing operations
Net sales	67.9	68.9	212.8	214.9
Earnings before interest, taxes and amortization	9.7	5	26.6	15.5
Assets	157.5		157.5		148.5
Operating Segments | APAC
Operating earnings (loss) from continuing operations
Net sales	52.5	48.6	134.5	135.5
Earnings before interest, taxes and amortization	8.3	$ 7.7	15.6	$ 17.9
Assets	$ 97.1		$ 97.1		96.5
Operating Segments | Geographic Concentration Risk | EBITA | Americas
Operating earnings (loss) from continuing operations
Operating EBITA (as a percent)	20.40%	17.10%	18.80%	14.10%
Operating Segments | Geographic Concentration Risk | EBITA | EMEA
Operating earnings (loss) from continuing operations
Operating EBITA (as a percent)	14.30%	7.30%	12.50%	7.20%
Operating Segments | Geographic Concentration Risk | EBITA | APAC
Operating earnings (loss) from continuing operations
Operating EBITA (as a percent)	15.80%	15.80%	11.60%	13.20%
Elimination of intersegment sales
Operating earnings (loss) from continuing operations
Net sales	$ (53.3)	$ (51.6)	$ (151.1)	$ (171.8)
Corporate and unallocated
Operating earnings (loss) from continuing operations
Earnings before interest, taxes and amortization	(14.1)	$ (12.5)	(40.8)	$ (32)
Assets	$ 75.4		$ 75.4		$ 13.8

Net Parent Company Investment79

Net Parent Company Investment and Related Party Transactions - Narrative (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Related Party Transaction [Line Items]
Dividend paid to MTW			$ 1,362,000,000	$ 0
Pension obligations assumed	$ 55,600,000		55,600,000
Post-retirement medical obligations	6,800,000		6,800,000
MTW
Related Party Transaction [Line Items]
General corporate expense	0	$ 5,900,000	5,200,000	19,000,000
Interest income on notes with MTW	0	$ 4,200,000	0	13,500,000
Interest expense on notes with MTW			100,000	$ 0
Notes receivable, related parties					$ 70,800,000
Notes payable, related parties					$ 9,900,000
Pension obligations assumed	21,500,000		21,500,000
Post-retirement medical obligations	6,800,000		6,800,000
Taxes payable	$ 600,000		600,000
Other comprehensive income related to pension and currency translation			$ 47,400,000

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) - USD ($) shares in Millions	Mar. 04, 2016	Mar. 03, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dividend paid			$ 0	$ 0	$ 0	$ 0
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of anti-dilutive shares excluded from the calculation of diluted earnings per share (in shares)			2.4		2.5
Common Stock | MTW | One-Time Cash Dividend
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dividend paid		$ 1,362,000,000
Common Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares of common stock issued (in shares)	137

Earnings Per Share - Reconcilia

Earnings Per Share - Reconciliation of the average shares outstanding used to compute basic and diluted earnings per share (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share [Abstract]
Basic weighted average common shares outstanding	138,277,039	137,016,712	137,618,628	137,016,712
Effect of dilutive securities	1,211,538	0	1,217,206	0
Diluted weighted average common shares outstanding	139,488,577	137,016,712	138,835,834	137,016,712

Subsidiary Guarantors of Seni82

Subsidiary Guarantors of Senior Notes due 2024 - Condensed Consolidating Statement of Operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Condensed Consolidating Statement of Operations
Subsidiary ownership (as a percent)	100.00%		100.00%
Net sales	$ 384	$ 425.3	$ 1,077.9	$ 1,178.4
Cost of sales	242	290	683.6	809.6
Gross profit	142	135.3	394.3	368.8
Costs and expenses:
Selling, general and administrative expenses	69.9	71.7	217.1	223.3
Amortization expense	7.8	7.9	23.5	23.6
Separation expense	1.4	1	5.7	1.5
Restructuring expense	0.6	0.8	2.2	1.3
Asset impairment expense	1.7	0	1.7	0
Earnings from operations	60.6	53.9	144.1	119.1
Interest expense	25	0.3	60.5	1
Interest (income) expense on notes with MTW — net	0	(4.2)	0.1	(13.5)
Other expense (income) — net	3.6	(1.6)	9.6	(2.2)
Equity in earnings (loss) of subsidiaries	0	0	0	0
Earnings before income taxes	32	59.4	73.9	133.8
Income taxes	7.1	18.3	15.8	41.8
Net earnings	24.9	41.1	58.1	92
Total other comprehensive (loss) income, net of tax	(1.5)	(9.5)	3.4	(19.8)
Comprehensive income	23.4	31.6	61.5	72.2
Eliminations
Condensed Consolidating Statement of Operations
Net sales	(93.6)	(83)	(273.1)	(262.5)
Cost of sales	(93.6)	(83)	(273.1)	(262.5)
Gross profit	0	0	0	0
Costs and expenses:
Selling, general and administrative expenses	0	0	0	0
Amortization expense	0	0	0	0
Separation expense	0	0	0	0
Restructuring expense	0	0	0	0
Asset impairment expense	0		0
Earnings from operations	0	0	0	0
Interest expense	0	0	0	0
Interest (income) expense on notes with MTW — net		0	0	0
Other expense (income) — net	0	0	0	0
Equity in earnings (loss) of subsidiaries	(63.6)	(54.5)	(201.7)	(141)
Earnings before income taxes	(63.6)	(54.5)	(201.7)	(141)
Income taxes	0	0	0	0
Net earnings	(63.6)	(54.5)	(201.7)	(141)
Total other comprehensive (loss) income, net of tax	1.5	19.9	(35)	41.9
Comprehensive income	(62.1)	(34.6)	(236.7)	(99.1)
Parent
Condensed Consolidating Statement of Operations
Net sales	0	0	0	0
Cost of sales	1.2	0	2.4	0
Gross profit	(1.2)	0	(2.4)	0
Costs and expenses:
Selling, general and administrative expenses	8.3	7.6	26.6	24.2
Amortization expense	0	0	0	0
Separation expense	1.3	1	5.6	1.1
Restructuring expense	0	0	0	0
Asset impairment expense	0		0
Earnings from operations	(10.8)	(8.6)	(34.6)	(25.3)
Interest expense	24.2	0	58.2	0
Interest (income) expense on notes with MTW — net		0	0	0
Other expense (income) — net	1.4	0	12.4	0
Equity in earnings (loss) of subsidiaries	41	50.8	114.9	112.5
Earnings before income taxes	4.6	42.2	9.7	87.2
Income taxes	(20.3)	1.1	(48.4)	(4.8)
Net earnings	24.9	41.1	58.1	92
Total other comprehensive (loss) income, net of tax	(1.5)	(9.5)	3.4	(19.8)
Comprehensive income	23.4	31.6	61.5	72.2
Guarantor Subsidiaries
Condensed Consolidating Statement of Operations
Net sales	285.4	299.3	804.4	833.9
Cost of sales	197.2	213.5	559.5	609
Gross profit	88.2	85.8	244.9	224.9
Costs and expenses:
Selling, general and administrative expenses	37.9	37.7	112.7	111.1
Amortization expense	7.1	6.4	21.4	20.7
Separation expense	0.1	0	0	0.4
Restructuring expense	0.6	0	1.4	0.8
Asset impairment expense	1.7		1.7
Earnings from operations	40.8	41.7	107.7	91.9
Interest expense	0.2	0.3	1	0.9
Interest (income) expense on notes with MTW — net		(4.4)	0	(12.9)
Other expense (income) — net	1.4	(0.2)	46.9	(2)
Equity in earnings (loss) of subsidiaries	22.6	3.7	86.8	28.5
Earnings before income taxes	61.8	49.7	146.6	134.4
Income taxes	20.8	(1.1)	31.7	21.9
Net earnings	41	50.8	114.9	112.5
Total other comprehensive (loss) income, net of tax	(0.8)	(10.1)	14.8	(21.5)
Comprehensive income	40.2	40.7	129.7	91
Non- Guarantor Subsidiaries
Condensed Consolidating Statement of Operations
Net sales	192.2	209	546.6	607
Cost of sales	137.2	159.5	394.8	463.1
Gross profit	55	49.5	151.8	143.9
Costs and expenses:
Selling, general and administrative expenses	23.7	26.4	77.8	88
Amortization expense	0.7	1.5	2.1	2.9
Separation expense	0	0	0.1	0
Restructuring expense	0	0.8	0.8	0.5
Asset impairment expense	0		0
Earnings from operations	30.6	20.8	71	52.5
Interest expense	0.6	0	1.3	0.1
Interest (income) expense on notes with MTW — net		0.2	0.1	(0.6)
Other expense (income) — net	0.8	(1.4)	(49.7)	(0.2)
Equity in earnings (loss) of subsidiaries	0	0	0	0
Earnings before income taxes	29.2	22	119.3	53.2
Income taxes	6.6	18.3	32.5	24.7
Net earnings	22.6	3.7	86.8	28.5
Total other comprehensive (loss) income, net of tax	(0.7)	(9.8)	20.2	(20.4)
Comprehensive income	$ 21.9	$ (6.1)	$ 107	$ 8.1

Subsidiary Guarantors of Seni83

Subsidiary Guarantors of Senior Notes due 2024 - Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 69.6	$ 32	$ 47.3	$ 16.5
Restricted cash	3.5	0.6
Accounts receivable — net	95.5	63.8
Intercompany interest receivable		0
Intercompany short-term note receivable		0
Inventories — net	156.8	145.9
Prepaids and other current assets	12.5	10.3
Current assets held for sale	6.1	0
Total current assets	344	252.6
Property, plant and equipment — net	108.5	116.4
Goodwill	845.9	845.8
Other intangible assets — net	496.1	519.6
Other intangible assets — net		519.6
Intercompany long-term note receivable	0	0
Due from affiliates	0	0
Investments in Affiliates, Subsidiaries, Associates, and Joint Ventures, Fair Value Disclosure		0
Investment in subsidiaries	0
Other non-current assets	23.2	15.9
Long-term assets held for sale	0	3.7
Total assets	1,817.7	1,754
Current liabilities:
Accounts payable	118.1	129
Accrued expenses and other liabilities	153.8	157.6
Current portion of long-term debt and capital leases	1.8	0.4
Intercompany interest payable		0
Intercompany short-term note payable		0
Product warranties	30.8	34.3
Total current liabilities	304.5	321.3
Non-Current Liabilities:
Long-term debt and capital leases	1,343.9	2.3
Deferred income taxes	148	167.9
Pension and postretirement health obligations	59.3	33.3
Intercompany long-term note payable	0	0
Due to affiliates	0	0
Investment in subsidiaries	0	0
Other long-term liabilities	34.2	20.5
Total non-current liabilities	1,585.4	224
Total (deficit) equity	(72.2)	1,208.7	1,315.4	1,251.4
Total liabilities and equity	1,817.7	1,754
Eliminations
Current assets:
Cash and cash equivalents	0	0	0	0
Restricted cash	0	0
Accounts receivable — net	(4)	(9.6)
Intercompany interest receivable		(4.2)
Intercompany short-term note receivable		(31)
Inventories — net	0	0
Prepaids and other current assets	(0.8)	(2.2)
Current assets held for sale	0
Total current assets	(4.8)	(47)
Property, plant and equipment — net	0	0
Goodwill	0	0
Other intangible assets — net	0
Other intangible assets — net		0
Intercompany long-term note receivable	(20)	(42.4)
Due from affiliates	(2,886.6)	(3,074.9)
Investments in Affiliates, Subsidiaries, Associates, and Joint Ventures, Fair Value Disclosure		(3,579.8)
Investment in subsidiaries	(3,773.7)
Other non-current assets	(51.1)	(59)
Long-term assets held for sale		0
Total assets	(6,736.2)	(6,803.1)
Current liabilities:
Accounts payable	(4)	(9.6)
Accrued expenses and other liabilities	(0.8)	(2.2)
Current portion of long-term debt and capital leases	0	0
Intercompany interest payable		(4.2)
Intercompany short-term note payable		(31)
Product warranties	0	0
Total current liabilities	(4.8)	(47)
Non-Current Liabilities:
Long-term debt and capital leases	0	0
Deferred income taxes	(45.2)	(51)
Pension and postretirement health obligations	(5.9)	(8)
Intercompany long-term note payable	(20)	(42.4)
Due to affiliates	(2,886.6)	(3,074.9)
Investment in subsidiaries	(337)	(638.6)
Other long-term liabilities	0	0
Total non-current liabilities	(3,294.7)	(3,814.9)
Total (deficit) equity	(3,436.7)	(2,941.2)
Total liabilities and equity	(6,736.2)	(6,803.1)
Parent
Current assets:
Cash and cash equivalents	10.1	0	0	0
Restricted cash	0	0
Accounts receivable — net	0.1	0
Intercompany interest receivable		0
Intercompany short-term note receivable		0
Inventories — net	0	0
Prepaids and other current assets	0	1.2
Current assets held for sale	0
Total current assets	10.2	1.2
Property, plant and equipment — net	0.9	0.9
Goodwill	0	0
Other intangible assets — net	0
Other intangible assets — net		0
Intercompany long-term note receivable	0	0
Due from affiliates	0	0
Investments in Affiliates, Subsidiaries, Associates, and Joint Ventures, Fair Value Disclosure		3,579.8
Investment in subsidiaries	3,773.7
Other non-current assets	5.6	0
Long-term assets held for sale		0
Total assets	3,790.4	3,581.9
Current liabilities:
Accounts payable	4	0.1
Accrued expenses and other liabilities	6	0
Current portion of long-term debt and capital leases	0	0
Intercompany interest payable		0
Intercompany short-term note payable		0
Product warranties	0	0
Total current liabilities	10	0.1
Non-Current Liabilities:
Long-term debt and capital leases	1,342.1	0
Deferred income taxes	132	155.4
Pension and postretirement health obligations	60.3	35
Intercompany long-term note payable	15.7	0
Due to affiliates	2,293.4	2,176.9
Investment in subsidiaries	0	0
Other long-term liabilities	9.1	5.8
Total non-current liabilities	3,852.6	2,373.1
Total (deficit) equity	(72.2)	1,208.7
Total liabilities and equity	3,790.4	3,581.9
Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	2.7	3.5	2.1	2.7
Restricted cash	0	0
Accounts receivable — net	0	0
Intercompany interest receivable		0
Intercompany short-term note receivable		0
Inventories — net	76	80.2
Prepaids and other current assets	2.6	2.3
Current assets held for sale	3.5
Total current assets	84.8	86
Property, plant and equipment — net	66.9	71.2
Goodwill	832.4	832.4
Other intangible assets — net	430.7
Other intangible assets — net		452.1
Intercompany long-term note receivable	20	0
Due from affiliates	2,886.6	3,074.9
Investments in Affiliates, Subsidiaries, Associates, and Joint Ventures, Fair Value Disclosure		0
Investment in subsidiaries	0
Other non-current assets	3.7	3.1
Long-term assets held for sale		3.7
Total assets	4,325.1	4,523.4
Current liabilities:
Accounts payable	68.5	81.8
Accrued expenses and other liabilities	94.9	100.1
Current portion of long-term debt and capital leases	0.5	0.4
Intercompany interest payable		4.2
Intercompany short-term note payable		31
Product warranties	20.7	23.8
Total current liabilities	184.6	241.3
Non-Current Liabilities:
Long-term debt and capital leases	1.8	2.3
Deferred income taxes	0	0
Pension and postretirement health obligations	4.9	6.3
Intercompany long-term note payable	0	42.4
Due to affiliates	0	0
Investment in subsidiaries	337	638.6
Other long-term liabilities	23.1	12.7
Total non-current liabilities	366.8	702.3
Total (deficit) equity	3,773.7	3,579.8
Total liabilities and equity	4,325.1	4,523.4
Non- Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	56.8	28.5	$ 45.2	$ 13.8
Restricted cash	3.5	0.6
Accounts receivable — net	99.4	73.4
Intercompany interest receivable		4.2
Intercompany short-term note receivable		31
Inventories — net	80.8	65.7
Prepaids and other current assets	10.7	9
Current assets held for sale	2.6
Total current assets	253.8	212.4
Property, plant and equipment — net	40.7	44.3
Goodwill	13.5	13.4
Other intangible assets — net	65.4
Other intangible assets — net		67.5
Intercompany long-term note receivable	0	42.4
Due from affiliates	0	0
Investments in Affiliates, Subsidiaries, Associates, and Joint Ventures, Fair Value Disclosure		0
Investment in subsidiaries	0
Other non-current assets	65	71.8
Long-term assets held for sale		0
Total assets	438.4	451.8
Current liabilities:
Accounts payable	49.6	56.7
Accrued expenses and other liabilities	53.7	59.7
Current portion of long-term debt and capital leases	1.3	0
Intercompany interest payable		0
Intercompany short-term note payable		0
Product warranties	10.1	10.5
Total current liabilities	114.7	126.9
Non-Current Liabilities:
Long-term debt and capital leases	0	0
Deferred income taxes	61.2	63.5
Pension and postretirement health obligations	0	0
Intercompany long-term note payable	4.3	0
Due to affiliates	593.2	898
Investment in subsidiaries	0	0
Other long-term liabilities	2	2
Total non-current liabilities	660.7	963.5
Total (deficit) equity	(337)	(638.6)
Total liabilities and equity	$ 438.4	$ 451.8

Subsidiary Guarantors of Seni84

Subsidiary Guarantors of Senior Notes due 2024 - Condensed Consolidating Statement of Cash Flows (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Condensed consolidating statement of cash flows
Net cash provided by operating activities	$ 51.8	$ 68.8
Cash flows from investing activities
Capital expenditures	(10.8)	(9.6)
Proceeds from sale of property, plant and equipment	0	0.1
Changes in restricted cash	(2.9)	(0.6)
Intercompany investment	0	0
Proceeds from intercompany note	0
Net cash used for investing activities	(13.7)	(10.1)
Cash flows from financing activities
Proceeds from long-term debt and capital leases	1,475.6	0.5
Repayments on long-term debt and capital leases	(94.6)	(0.4)
Debt issuance costs	(41.2)	0
Dividend paid to MTW	(1,362)	0
Net transactions with MTW	7	(26.1)
Exercises of stock options	15.1	0
Intercompany financing	0	0
Repayments on intercompany note	0
Net cash used for financing activities	(0.1)	(26)
Effect of exchange rate changes on cash	(0.4)	(1.9)
Net increase in cash and cash equivalents	37.6	30.8
Balance at beginning of period	32	16.5
Balance at end of period	69.6	47.3
Eliminations
Condensed consolidating statement of cash flows
Net cash provided by operating activities	0	0
Cash flows from investing activities
Capital expenditures	0	0
Proceeds from sale of property, plant and equipment		0
Changes in restricted cash	0	0
Intercompany investment	51	4.3
Proceeds from intercompany note	(42.4)
Net cash used for investing activities	8.6	4.3
Cash flows from financing activities
Proceeds from long-term debt and capital leases	0	0
Repayments on long-term debt and capital leases	0	0
Debt issuance costs	0
Dividend paid to MTW	0
Net transactions with MTW	0	0
Exercises of stock options	0
Intercompany financing	(51)	(4.3)
Repayments on intercompany note	(42.4)
Net cash used for financing activities	(8.6)	(4.3)
Effect of exchange rate changes on cash	0	0
Net increase in cash and cash equivalents	0	0
Balance at beginning of period	0	0
Balance at end of period	0	0
Parent
Condensed consolidating statement of cash flows
Net cash provided by operating activities	(4)	28.6
Cash flows from investing activities
Capital expenditures	(0.6)	(0.3)
Proceeds from sale of property, plant and equipment		0
Changes in restricted cash	0	0
Intercompany investment	0	(2.2)
Proceeds from intercompany note	0
Net cash used for investing activities	(0.6)	(2.5)
Cash flows from financing activities
Proceeds from long-term debt and capital leases	1,466.9	0
Repayments on long-term debt and capital leases	(86.8)	0
Debt issuance costs	(41.2)
Dividend paid to MTW	(1,362)
Net transactions with MTW	7	(26.1)
Exercises of stock options	15.1
Intercompany financing	15.7	0
Repayments on intercompany note	0
Net cash used for financing activities	14.7	(26.1)
Effect of exchange rate changes on cash	0	0
Net increase in cash and cash equivalents	10.1	0
Balance at beginning of period	0	0
Balance at end of period	10.1	0
Guarantor Subsidiaries
Condensed consolidating statement of cash flows
Net cash provided by operating activities	98.5	0.1
Cash flows from investing activities
Capital expenditures	(5.4)	(5.3)
Proceeds from sale of property, plant and equipment		0.1
Changes in restricted cash	0
Intercompany investment	(51)	0
Proceeds from intercompany note	0
Net cash used for investing activities	(56.4)	(5.2)
Cash flows from financing activities
Proceeds from long-term debt and capital leases	0	0.5
Repayments on long-term debt and capital leases	(0.5)	(0.3)
Debt issuance costs	0
Dividend paid to MTW	0
Net transactions with MTW	0	0
Exercises of stock options	0
Intercompany financing	0	4.3
Repayments on intercompany note	42.4
Net cash used for financing activities	(42.9)	4.5
Effect of exchange rate changes on cash	0	0
Net increase in cash and cash equivalents	(0.8)	(0.6)
Balance at beginning of period	3.5	2.7
Balance at end of period	2.7	2.1
Non- Guarantor Subsidiaries
Condensed consolidating statement of cash flows
Net cash provided by operating activities	(42.7)	40.1
Cash flows from investing activities
Capital expenditures	(4.8)	(4)
Proceeds from sale of property, plant and equipment		0
Changes in restricted cash	(2.9)	(0.6)
Intercompany investment	0	(2.1)
Proceeds from intercompany note	42.4
Net cash used for investing activities	34.7	(6.7)
Cash flows from financing activities
Proceeds from long-term debt and capital leases	8.7	0
Repayments on long-term debt and capital leases	(7.3)	(0.1)
Debt issuance costs	0
Dividend paid to MTW	0
Net transactions with MTW	0	0
Exercises of stock options	0
Intercompany financing	35.3	0
Repayments on intercompany note	0
Net cash used for financing activities	36.7	(0.1)
Effect of exchange rate changes on cash	(0.4)	(1.9)
Net increase in cash and cash equivalents	28.3	31.4
Balance at beginning of period	28.5	13.8
Balance at end of period	$ 56.8	$ 45.2