The Manitowoc Company, Inc. (MTW) 10-Q 9 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Mar. 31, 2017shares
Document and entity information
Entity Registrant Name	MANITOWOC CO INC
Entity Central Index Key	61,986
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Shares Outstanding	140,538,649
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Operations
Net sales	$ 305.8	$ 427.4
Cost of sales	253.9	347.7
Gross profit	51.9	79.7
Operating costs and expenses:
Engineering, selling and administrative expenses	63.3	72.4
Amortization of intangible assets	0.4	0.7
Restructuring expense	11.7	4.4
Other expense	0.2	1.4
Total operating costs and expenses	75.6	78.9
Operating (loss) income	(23.7)	0.8
Other (expense) income:
Interest expense	(10.1)	(9.7)
Amortization of deferred financing fees	(0.5)	(0.9)
Loss on debt extinguishment	0	(76.3)
Other (expense) income - net	(0.2)	1.1
Total other expense	(10.8)	(85.8)
Loss from continuing operations before taxes	(34.5)	(85)
Provision for taxes on income	1.5	107.7
Loss from continuing operations	(36)	(192.7)
Discontinued operations:
Loss from discontinued operations, net of income taxes of $0.0 and $(1.3), respectively	0	(3.2)
Net loss	$ (36)	$ (195.9)
Basic loss per common share:
Loss from continuing operations (in dollars per share)	$ (0.26)	$ (1.41)
Loss from discontinued operations, net of income taxes (in dollars per share)	0	(0.02)
Loss per common share (in dollars per share)	(0.26)	(1.43)
Diluted loss per common share:
Loss from continuing operations (in dollars per share)	(0.26)	(1.41)
Loss from discontinued operations (in dollars per share)	0	(0.02)
Diluted loss per common share (in dollars per share)	$ (0.26)	$ (1.43)
Weighted average shares outstanding — basic (in shares)	140,081,711	136,599,912
Weighted average shares outstanding — diluted (in shares)	140,081,711	136,599,912

Condensed Consolidated Stateme3

Condensed Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Statement [Abstract]
Discontinued operations income taxes	$ 0	$ (1.3)

Condensed Consolidated Stateme4

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement of Comprehensive Income [Abstract]
Net loss	$ (36)	$ (195.9)
Other comprehensive income (loss), net of tax
Unrealized (loss) income on derivatives, net of income tax provision of $0.0 and $0.0, respectively	0.5	1.6
Employee pension and postretirement benefits, net of income tax provision of $0.4 and $0.0, respectively	0.6	1.2
Foreign currency translation adjustments	10.1	20.3
Net current period other comprehensive income (loss)	11.2	23.1
Comprehensive loss	$ (24.8)	$ (172.8)

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement of Comprehensive Income [Abstract]
Unrealized income (loss) on derivatives, net of income taxes	$ 0	$ 0
Employee pension and post retirement benefits, net of income taxes of	$ 0.4	$ 0

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Current Assets:
Cash and cash equivalents	$ 36.1	$ 69.9
Accounts receivable, less allowances of $10.7 and $11.1, respectively	138.1	134.4
Inventories — net	461.3	429
Notes receivable — net	47.4	62.4
Other current assets	52.6	54
Total current assets	735.5	749.7
Property, plant and equipment — net	306.2	308.8
Goodwill	302.9	299.6
Other intangible assets — net	114.8	114.1
Other long-term assets	44.6	45.6
Long-term assets held for sale	1.9	0
Total assets	1,505.9	1,517.8
Current Liabilities:
Accounts payable and accrued expenses	336.1	321.2
Short-term borrowings and current portion of long-term debt	12.9	12.4
Product warranties	32.2	36.5
Customer advances	22.8	21
Product liabilities	23.7	21.7
Total current liabilities	427.7	412.8
Non-Current Liabilities:
Long-term debt	268.6	269.1
Deferred income taxes	37.7	36.6
Pension obligations	86.6	86.4
Postretirement health and other benefit obligations	37.4	38
Long-term deferred revenue	18.8	20.3
Other non-current liabilities	58.4	64.1
Total non-current liabilities	507.5	514.5
Commitments and contingencies (Note 15)
Stockholders' Equity:
Common stock (300,000,000 shares authorized, 163,175,928 shares issued, 140,538,649 and 139,841,214 shares outstanding, respectively)	1.4	1.4
Additional paid-in capital	570.7	567.6
Accumulated other comprehensive loss	(151.7)	(162.9)
Retained earnings	211.3	247.3
Treasury stock, at cost (22,637,279 and 23,334,714 shares, respectively)	(61)	(62.9)
Total stockholders' equity	570.7	590.5
Total liabilities and stockholders' equity	$ 1,505.9	$ 1,517.8

Condensed Consolidated Balance7

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Accounts Receivable, allowances (in dollars)	$ 10,700,000	$ 11,100,000
Preferred stock authorized (in shares)	3,500,000	3,500,000
Par value of preferred stock per share (in dollars per share)	$ 0.01	$ 0.01
Preferred stock outstanding (in shares)	0	0
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	163,175,928	163,175,928
Common stock, shares outstanding (in shares)	140,538,649	139,841,214
Treasury stock (in shares)	22,637,279	23,334,714

Condensed Consolidated Stateme8

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash Flows from Operations:
Net loss	$ (36)	$ (195.9)
Adjustments to reconcile net loss to cash used for operating activities of continuing operations:
Discontinued operations, net of income taxes	0	3.2
Depreciation	10.6	12.2
Amortization of intangible assets	0.4	0.7
Amortization of deferred financing fees	0.5	0.9
Deferred income taxes	0	110.3
Loss on early debt extinguishment	0	15.4
Gain on sale of property, plant and equipment	(0.8)	(0.4)
Other	7.5	(9.8)
Changes in operating assets and liabilities, excluding effects of business acquisitions and divestitures:
Accounts receivable	(1.8)	(26.1)
Inventories	(31.2)	(33.7)
Notes receivable	5.7	1.6
Other assets	(1.4)	(6.4)
Accounts payable	37.2	(11.2)
Accrued expenses and other liabilities	(23.2)	(24.2)
Net cash used for operating activities of continuing operations	(32.5)	(163.4)
Net cash used for operating activities of discontinued operations	0	(46.8)
Net cash used for operating activities	(32.5)	(210.2)
Cash Flows from Investing:
Capital expenditures	(3.8)	(10.9)
Proceeds from sale of fixed assets	1.7	1.2
Other	1.1	0
Net cash used for investing activities of continuing operations	(1)	(9.7)
Net cash used for investing activities of discontinued operations	0	(2.4)
Net cash used for investing activities	(1)	(12.1)
Cash Flows from Financing:
Payments on long-term debt	(3.3)	(1,345.2)
Proceeds from long-term debt	2	255.2
Payments on notes financing - net	(2.2)	(3.7)
Debt issuance costs	0	(7.9)
Exercises of stock options	2.7	1.9
Dividend from spun-off subsidiary	0	1,361.7
Cash transferred to spun-off subsidiary	0	(17.7)
Net cash (used for) provided by financing activities of continuing operations	(0.8)	244.3
Net cash provided by financing activities of discontinued operations	0	0.2
Net cash (used for) provided by financing activities	(0.8)	244.5
Effect of exchange rate changes on cash	0.5	1.6
Net (decrease) increase in cash and cash equivalents	(33.8)	23.8
Balance at beginning of period, including cash of discontinued operations of $0.0 and $31.9	69.9	63.4
Balance at end of period	$ 36.1	$ 87.2

Condensed Consolidated Stateme9

Condensed Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Statement of Cash Flows [Abstract]
Cash of discontinued operations	$ 0	$ 31.9

Accounting Policies and Basis o

Accounting Policies and Basis of Presentation	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Accounting Policies and Basis of Presentation	Accounting Policies and Basis of Presentation The Manitowoc Company, Inc. (“Manitowoc,” “MTW” and the “Company”) is a leading provider of engineered lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic cranes and boom trucks. The Company has one reportable segment, the Crane business. The segment was identified using the “management approach,” which designates the internal organization that is used by management for making operating decisions and assessing performance. In the opinion of management, the accompanying unaudited Condensed Consolidated Financial Statements contain all adjustments necessary for a fair statement of the results of operations and comprehensive income for the three months ended March 31, 2017 and 2016 , the cash flows for the same three -month periods and the financial position at March 31, 2017 and December 31, 2016 , and except as otherwise discussed, such adjustments consist of only those of a normal recurring nature. The interim results are not necessarily indicative of results for a full year and do not contain information included in the Company’s annual consolidated financial statements and notes for the year ended December 31, 2016 . Certain information and footnote disclosures, normally included in financial statements prepared in accordance with generally accepted accounting principles, have been condensed or omitted pursuant to SEC rules and regulations dealing with interim financial statements. However, the Company believes that the disclosures made in the Condensed Consolidated Financial Statements included herein are adequate to make the information presented not misleading. It is suggested that these financial statements be read in conjunction with the financial statements and the notes thereto included in the Company’s latest annual report on Form 10-K. During the first quarter of fiscal 2016, MTW's Board of Directors approved the tax-free spin-off of the Company’s foodservice business (“MFS”) into an independent, public company (the “Spin-Off”). To consummate the Spin-Off, the Board declared a pro rata dividend of MFS common stock to MTW’s stockholders of record as of the close of business on February 22, 2016 (the “Record Date”), payable on March 4, 2016. Each MTW stockholder received one share of MFS common stock for every share of MTW common stock held as of the close of business on the Record Date. In these Condensed Consolidated Financial Statements, unless otherwise indicated, references to Manitowoc, MTW and the Company refer to The Manitowoc Company, Inc. and its consolidated subsidiaries after giving effect to the Spin-Off, or in the case of information as of dates or for periods prior to the Spin-Off, the consolidated entities of the Crane business and certain other assets and liabilities that were historically held at the MTW corporate level but were specifically identifiable and attributable to the Crane business. As a result of the Spin-Off, the Condensed Consolidated Financial Statements and related financial information reflect MFS operations, assets and liabilities and cash flows as discontinued operations for all periods presented. Refer to Note 2, “Discontinued Operations,” for additional information regarding the Spin-Off. All dollar amounts, except share and per share amounts, are in millions of dollars throughout the tables included in these notes, unless otherwise indicated. During the second quarter of 2016, the Company identified an adjustment to the previously issued financial statements for the three months ended March 31, 2016. The adjustment related to accumulated other comprehensive loss (“AOCL”), whereby the Company had understated loss on debt extinguishment by $4.3 million , overstated income tax expense by $0.8 million and understated loss from continuing operations by $3.5 million in the first quarter of 2016. The adjustment also resulted in an overstatement of AOCL and understatement of retained earnings by $2.6 million as of March 31, 2016. In evaluating whether the Company’s previously issued consolidated financial statements were materially misstated, the Company considered the guidance in Accounting Standards Codification (“ASC”) Topic 250, “Accounting Changes and Error Corrections” and ASC Topic 250-10-S99-1, “Assessing Materiality.” The Company determined that these errors were not material to the Company's prior interim period consolidated financial statements and therefore, amending the previously filed report was not required. However, the Company determined that the impact of the corrections would be too significant to record within the second quarter of 2016. As such, the revision for the correction is reflected in the financial information for the first quarter of 2016 . During the fourth quarter of 2016 , the Company identified an adjustment to the previously issued financial statements for the three months ended March 31, 2016, related to a non-cash reclassification between continuing and discontinued operations within the operating section of the Statement of Cash Flows for the three months ended March 31, 2016, whereby the change in accrued expenses and other liabilities and net cash used for operating activities of continuing operations was understated by $16.2 million , and the net cash used for operating activities of discontinued operating activities was overstated by $16.2 million . In evaluating whether the Company’s previously issued consolidated financial statements were materially misstated, the Company considered the guidance in ASC Topic 250 and ASC Topic 250-10-S99-1. The Company determined that these errors were not material to the Company's prior interim period consolidated financial statements, and therefore, amending the previously filed reports was not required. The revision for the correction is reflected in the financial information for the first quarter of 2016 . In the fourth quarter of 2016, the Company changed its method of inventory costing for certain inventory to the FIFO method from the LIFO method. The Company applied this change in method of inventory costing by retrospectively adjusting the prior period financial statements. As a result of the retrospective adjustment of the change in accounting principle, certain amounts in the Company's Condensed Consolidated Financial Statements for the three months ended March 31, 2016 were adjusted. A summary of the adjustments on the impacted financial statement line items in the Condensed Consolidated Statements of Operations as revised and as previously presented in the March 31, 2016 Form 10-Q is as follows: Three Months Ended March 31, 2016 As previously presented Revisions Impact of change to FIFO As revised Cost of sales $ 345.5 $ — $ 2.2 $ 347.7 Operating (loss) income 3.0 — (2.2 ) 0.8 Loss on debt extinguishment (72.0 ) (4.3 ) — (76.3 ) Loss from continuing operations before taxes on income (78.5 ) (4.3 ) (2.2 ) (85.0 ) Provision (benefit) for taxes on income 122.3 (0.8 ) (13.8 ) 107.7 Loss from continuing operations (200.8 ) (3.5 ) 11.6 (192.7 ) Discontinued operations: Loss from discontinued operations, net of income taxes (3.2 ) — — (3.2 ) Net loss $ (204.0 ) $ (3.5 ) $ 11.6 $ (195.9 ) Loss per common share - basic and diluted Loss from continuing operations $ (1.47 ) $ (0.03 ) $ 0.09 $ (1.41 ) Loss from discontinued operations (0.02 ) — — (0.02 ) Loss per common share $ (1.49 ) $ (0.03 ) $ 0.09 $ (1.43 )

Discontinued Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations On March 4, 2016, Manitowoc completed the Spin-Off of MFS. The financial results of MFS are presented as loss from discontinued operations, net of income taxes in the Condensed Consolidated Statements of Operations. The following table presents the financial results of MFS through the date of the Spin-Off for the indicated period and does not include corporate overhead allocations: Major classes of line items constituting earnings from discontinued operations before income taxes related to MFS (in millions) Three Months Ended March 31, 2016 Net sales $ 219.6 Cost of sales 141.5 Engineering, selling and administrative expenses 48.3 Amortization expense 5.2 Restructuring expense 0.3 Separation expense 26.9 Total operating costs and expenses 222.2 Loss from operations (2.6 ) Other expense (1.9 ) Loss from discontinued operations before income taxes (4.5 ) Benefit for taxes on earnings (1.3 ) Loss from discontinued operations, net of income taxes $ (3.2 ) For the three months ended March 31, 2017 , net losses recorded by the Company related to discontinued operations of MFS were negligible. Additionally, for the three months ended March 31, 2017 and 2016 , net losses incurred by the Company from various other businesses disposed in prior periods were negligible. Manitowoc and MFS entered into agreements in connection with the Spin-Off, including a transition services agreement (“TSA”), separation and distribution agreement, tax matters agreement, intellectual property matters agreement and an employee matters agreement. Pursuant to the TSA, Manitowoc, MFS and their respective subsidiaries provided various services to each other on an interim, transitional basis. Services provided by Manitowoc included, among others, finance, information technology and certain other administrative services. The services generally commenced on March 4, 2016 and terminated within 12 months of that date. Billings by Manitowoc under the TSA were recorded as a reduction of the costs to provide the respective service in the applicable expense category. Separation costs recorded by the Company during the three months ended March 31, 2017 related to the Spin-Off were negligible. During the three months ended March 31, 2016 , the Company recorded $26.9 million of separation costs related to the Spin-Off. Separation costs consist primarily of professional and consulting fees and are included in the results of discontinued operations.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2017
Inventory Disclosure [Abstract]
Inventories	Inventories The components of inventories as of March 31, 2017 and December 31, 2016 are summarized as follows: (in millions) March 31, December 31, Inventories: Raw materials $ 118.8 $ 109.3 Work-in-process 112.3 88.4 Finished goods 272.1 270.9 Total inventories 503.2 468.6 Excess and obsolete inventory reserve (41.9 ) (39.6 ) Inventories — net $ 461.3 $ 429.0

Notes Receivable

Notes Receivable	3 Months Ended
	Mar. 31, 2017
Receivables [Abstract]
Notes Receivable	Notes Receivable Notes receivable balances as of March 31, 2017 and December 31, 2016 , consisted primarily of amounts due to the Company's captive finance company in China and the remaining balance on the note from the 2014 sale of Manitowoc Dong Yue. As of March 31, 2017 , the Company had current and long-term notes receivable in the amount of $47.4 million and $20.7 million , respectively. As of December 31, 2016 , the Company had current and long-term notes receivable in the amount of $62.4 million and $21.1 million , respectively. Long-term notes receivable are included within other long-term assets on the Condensed Consolidated Balance Sheet.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill for the year ended December 31, 2016 and the three months ended March 31, 2017 are as follows: (in millions) Total Balance as of January 1, 2016 $ 306.5 Foreign currency impact (6.9 ) Balance as of December 31, 2016 299.6 Foreign currency impact 3.3 Balance as of March 31, 2017 $ 302.9 The Company accounts for goodwill and other intangible assets under the guidance of ASC Topic 350, “Intangibles — Goodwill and Other” for its single reporting unit, cranes. The Company performs an annual impairment review during the fourth quarter of every year, or more frequently if events or changes in circumstances indicate that the asset might be impaired. The Company performs the impairment review for goodwill 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. A considerable amount of management judgment and assumptions are required in performing the impairment test, principally in determining the fair value of the reporting unit. While the Company believes the judgments and assumptions are reasonable, different assumptions could change the estimated fair value and, therefore, impairment charges could be required. Weakening industry or economic trends, disruptions to the Company's business, unexpected significant changes or planned changes in the use of the assets or in entity structure may adversely impact the assumptions used in the valuations. The Company continually monitors market conditions and determines if any additional interim reviews of goodwill, other intangibles or long-lived assets are warranted. In the event the Company determines that assets are impaired in the future, the Company would recognize a non-cash impairment charge, which could have a material adverse effect on the Company’s Condensed Consolidated Balance Sheets and Results of Operations. Other intangible assets with definite lives continue to be amortized over their estimated useful lives. Definite lived intangible assets are also subject to impairment testing whenever events or circumstances indicate that the carrying value of the assets may not be recoverable. The gross carrying amount, accumulated amortization and net book value of the Company’s intangible assets other than goodwill at March 31, 2017 and December 31, 2016 are as follows: March 31, 2017 December 31, 2016 (in millions) Gross Carrying Amount Accumulated Amortization Net Book Value Gross Carrying Amount Accumulated Amortization Net Book Value Trademarks and tradenames $ 93.3 $ — $ 93.3 $ 92.4 $ — $ 92.4 Customer relationships 10.6 (8.3 ) 2.3 10.3 (7.8 ) 2.5 Patents 28.7 (27.7 ) 1.0 28.5 (27.4 ) 1.1 Engineering drawings 10.2 (10.1 ) 0.1 10.0 (9.9 ) 0.1 Distribution network 18.2 (0.1 ) 18.1 18.0 — 18.0 Other intangibles 0.2 (0.2 ) — 0.2 (0.2 ) — Total $ 161.2 $ (46.4 ) $ 114.8 $ 159.4 $ (45.3 ) $ 114.1 Amortization expense for the three months ended March 31, 2017 and 2016 was $0.4 million and $0.7 million , respectively. The Company also reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the asset's carrying amount may not be recoverable. The Company conducts its long-lived asset impairment analyses in accordance with ASC Topic 360-10-5, “Property, Plant and Equipment.” ASC Topic 360-10-5 requires the Company to group assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities and to evaluate the asset group against the sum of the undiscounted future cash flows. Property, plant and equipment are depreciated over the estimated useful lives of the assets using the straight-line depreciation method for financial reporting and on accelerated methods for income tax purposes.

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	3 Months Ended
	Mar. 31, 2017
Payables and Accruals [Abstract]
Accounts Payable and Accrued Expenses	Accounts Payable and Accrued Expenses Accounts payable and accrued expenses at March 31, 2017 and December 31, 2016 are summarized as follows: (in millions) March 31, December 31, Trade accounts payable $ 197.8 $ 157.7 Employee-related expenses 30.9 28.1 Accrued vacation 21.9 21.8 Miscellaneous accrued expenses 85.5 113.6 Total $ 336.1 $ 321.2

Debt

Debt	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Debt	Debt Outstanding debt at March 31, 2017 and December 31, 2016 is summarized as follows: (in millions) March 31, 2017 December 31, 2016 Senior secured second lien notes due 2021 $ 250.3 $ 249.8 Other 34.9 35.7 Deferred financing costs (3.7 ) (4.0 ) Total debt 281.5 281.5 Short-term borrowings and current portion of long-term debt (12.9 ) (12.4 ) Long-term debt $ 268.6 $ 269.1 The balance sheet values of the 2021 Notes as of March 31, 2017 and December 31, 2016 are not equal to the face value of the 2021 Notes because of original issue discounts included in the applicable balance sheet values. As of March 31, 2017 , the Company had outstanding $34.9 million of other indebtedness that has a weighted-average interest rate of approximately 5.44% . This debt includes balances on local credit lines and capital lease obligations. On March 3, 2016 , the Company entered into a $225.0 million Asset Based Revolving Credit Facility (as amended, the “ABL Revolving Credit Facility”) with Wells Fargo Bank, N.A. as administrative agent, and JP Morgan Chase Bank, N.A. and Goldman Sachs Bank USA as joint lead arrangers. The ABL Revolving Credit Facility capacity calculation is defined in the related credit agreement and is dependent on the fair value of inventory and fixed assets of the loan parties, which secure the borrowings. The ABL Revolving Credit Facility has a term of 5 years and includes a $75.0 million letter of credit sublimit, $10.0 million of which can be applied to the German borrower. In October 2016, the ABL Revolving Credit Facility was amended to accommodate certain previously restricted activities related to the announced relocation of the Company’s manufacturing operations from Manitowoc, Wisconsin to Shady Grove, Pennsylvania. Among other things, the amendment allows the Company to transfer, sell and/or impair fixed assets located at the Wisconsin facility with limited impact on the availability under the facility. In April 2017, the ABL Revolving Credit Facility was amended to modify several definitions regarding eligible equipment and inventory as it relates to a key financing partner of the Company. The amendment will have minimal impact on the Company’s daily operations or borrowing limits. As of March 31, 2017 , the Company did not have any borrowings outstanding on the ABL Revolving Credit Facility. During the quarter ended March 31, 2017 , the highest daily borrowing was $22.3 million and the average borrowing was $9.7 million , while the average annual interest rate was 3.35% . The interest rate of the ABL Revolving Credit Facility fluctuates based on excess availability. As of March 31, 2017 , the spreads for LIBOR and Prime borrowings were 1.50% and 0.50% , respectively, with excess availability of approximately $155.9 million , which represents revolver borrowing capacity of $166.3 million less U.S. letters of credit outstanding of $10.4 million . The ABL Revolving Credit Facility replaced the Company’s prior $1,050.0 million Third Amended and Restated Credit Agreement (the “Prior Senior Credit Facility”). The Prior Senior Credit Facility included three different loan facilities: a $500.0 million revolving facility, Term A Loan in the aggregate amount of $350.0 million and Term B Loan in the amount of $200.0 million . In the first quarter of 2016 , the Company terminated the Prior Senior Credit Facility along with $175.0 million notional amount of float-to-fixed interest rate swaps related to Term Loan A, resulting in a loss of $5.9 million for the write-off of deferred financing expenses and $4.3 million for the termination of interest rate swaps. On February 18, 2016 , the Company entered into an indenture with Wells Fargo Bank, N.A., as trust and collateral agent, and sold $260.0 million aggregate principal amount of its 12.750% Senior Secured Second Lien Notes due August 15, 2021 (the “ 2021 Notes”). Interest on the 2021 Notes is payable semi-annually in February and August of each year. The 2021 Notes were sold pursuant to exemptions from registration under the Securities Act of 1933. Both the ABL Revolving Credit Facility and 2021 Notes include customary covenants and events of default which include, without limitation, restrictions on indebtedness, capital expenditures, restricted payments, disposals, investments and acquisitions. Additionally, the ABL Revolving Credit Facility contains a Fixed Charge Coverage springing financial covenant, which measures the ratio of (i) consolidated earnings before interest, taxes, depreciation, amortization and other adjustments as defined in the related credit agreement, to (ii) fixed charges, as defined in the credit agreement. The financial covenant is triggered only if the Company fails to maintain minimum levels of availability under the facility. If triggered, the Company must maintain a Minimum Fixed Charge Coverage Ratio of 1.00 to 1. On March 3, 2016 , the Company redeemed its former 8.50% Senior Notes due 2020 (the “Prior 2020 Notes”) and 5.875% Senior Notes due 2022 (the “Prior 2022 Notes”) for $625.5 million and $330.5 million , or 104.250% and 110.167% expressed as a percentage of the principal amount, respectively. The redemption of the Prior 2020 Notes resulted in a loss on debt extinguishment of $31.5 million during the first quarter of 2016 and consisted of $24.6 million related to redemption premium and $6.9 million related to write-off of deferred financing fees. Previously monetized derivative assets related to fixed-to-float interest rate swaps were treated as an increase to the debt balance of the Prior 2020 Notes and were being amortized to interest expense over the life of the original swap. As a result of the redemption, the remaining monetization balance of $11.8 million as of March 3, 2016 was amortized as a reduction to interest expense during the first quarter of 2016 . The redemption of the Prior 2022 Notes resulted in a loss on debt extinguishment of $34.6 million during the first quarter of 2016 and consisted of $31.2 million related to redemption premium and $3.4 million related to write-off of deferred financing fees. Previously, derivative liabilities related to termination of fixed-to-float swaps were treated as a decrease to the debt balance of the Prior 2022 Notes and were being amortized to interest expense over the life of the original swap. As a result of the redemption, the remaining balance of $0.7 million as of March 3, 2016 was amortized as an increase to interest expense during the first quarter of 2016 . Outstanding balances under the Company's Prior 2020 and Prior 2022 Notes, as well as the Prior Senior Credit Facility, were repaid with proceeds from the 2021 Notes and a cash dividend from MFS in conjunction with the Spin-Off. As of March 31, 2017 , the Company was in compliance with all affirmative and negative covenants in its debt instruments, inclusive of the financial covenants pertaining to the ABL Revolving Credit Facility and 2021 Notes. Based upon management’s current plans and outlook, the Company believes it will be able to comply with these covenants during the subsequent twelve months.

Accounts Receivable Securitizat

Accounts Receivable Securitization	3 Months Ended
	Mar. 31, 2017
Transfers and Servicing [Abstract]
Accounts Receivable Securitization	Accounts Receivable Securitization The Company maintains an accounts receivable securitization program with a commitment size of $75.0 million , whereby transactions under the program are accounted for as sales in accordance with ASC Topic 860, “Transfers and Servicing.” On March 3, 2016 , the Company replaced the Fifth Amended and Restated Receivables Purchase Agreement dated December 15, 2014 (“Prior RPA”) and entered into a Receivables Purchase Agreement (“RPA”) among Manitowoc Funding, LLC (“MTW Funding”), as Seller, The Manitowoc Company, Inc., as Servicer, and Wells Fargo Bank, N.A., as Purchaser and as Agent. Under the RPA (and related Purchase and Sale Agreements), the Company’s domestic trade accounts receivable are sold to MTW Funding which, in turn, sells, conveys, transfers and assigns to a third-party financial institution (“Purchaser”), all of MTW Funding's rights, title and interest in a pool of receivables to the Purchaser. The Purchaser receives ownership of the pool of receivables in each instance. New receivables are purchased by MTW Funding and resold to the Purchaser as cash collections and reduce previously sold investments. The Company acts as the servicer (in such capacity, the “Servicer”) of the receivables and, as such, administers, collects and otherwise enforces the receivables. The Servicer is compensated for doing so on terms that are generally consistent with what would be charged by an unrelated servicer. The Servicer initially receives payments made by obligors on the receivables but is required to remit those payments to the Purchaser in accordance with the RPA. The Purchaser has no recourse for uncollectible receivables. Trade accounts receivables sold to the Purchaser and being serviced by the Company totaled $28.7 million and $19.5 million as of March 31, 2017 and December 31, 2016 , respectively. Sales of trade receivables under the program are reflected as a reduction of accounts receivable in the accompanying Condensed Consolidated 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 Condensed Consolidated Statements of Cash Flows. The Company deems the interest rate risk related to the deferred purchase price notes to be de minimis, primarily because the average collection cycle of the related receivables is less than 60 days. Due to the short collection cycle, as well as the Company’s collection history, the fair value of the Company’s deferred purchase price notes approximates book value. The fair value of the deferred purchase price notes recorded as of March 31, 2017 and December 31, 2016 was $19.4 million and $30.6 million , respectively, and is included in accounts receivable in the accompanying Condensed Consolidated Balance Sheets. The securitization program contains customary affirmative and negative covenants. Among other restrictions, these covenants require the Company to meet specified financial tests, which include a minimum fixed charge coverage ratio which is the same as the covenant ratio required per the ABL Revolving Credit Facility. As of March 31, 2017 , the Company was in compliance with all affirmative and negative covenants inclusive of the financial covenants pertaining to the RPA, as amended. Based on management’s current plans and outlook, the Company believes it will be able to comply with these covenants during the subsequent twelve months.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes For the three months ended March 31, 2017 and March 31, 2016 , the Company recorded income tax expense of $ 1.5 million and $107.7 million , respectively. The decrease in the Company’s tax expense for the three months ended March 31, 2017 relative to the prior year relates primarily to a non-cash charge in 2016 of $106.5 million for a one-time increase in the valuation allowance associated with the Company’s domestic federal and state deferred tax assets and attributes in connection with the Spin-Off. In addition to the 2016 non-cash charge related to the valuation allowance, the Company’s effective tax rate varies from the U.S. federal statutory rate of 35% due to results of foreign operations that are subject to income taxes at different statutory rates. 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, excluding interest and penalties, were $15.7 million as of March 31, 2017 and $15.8 million as of December 31, 2016 . The Company regularly assesses the likelihood of an adverse outcome resulting from examinations to determine the adequacy of its tax reserves. As of March 31, 2017 , 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.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share	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 March 31, 2017 2016 Basic weighted average common shares outstanding 140,081,711 136,599,912 Effect of dilutive securities — — Diluted weighted average common shares outstanding 140,081,711 136,599,912 For the three months ended March 31, 2017 and March 31, 2016 , respectively, 1.4 million and 7.0 million of common shares issuable upon the exercise of stock options were anti-dilutive and were excluded from the calculation of diluted shares. For the three months ended March 31, 2017 and March 31, 2016 , the total number of potentially dilutive options was 1.7 million and 1.0 million , respectively. Because the Company had a loss from continuing operations for the quarter, these dilutive options were not included in the computation of diluted net loss per common share since doing so would decrease the loss per share. No cash dividends were paid during each of the three months ended March 31, 2017 and March 31, 2016 .

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity The following is a roll forward of retained earnings for the three months ended March 31, 2017 and 2016 : (in millions) Retained Earnings Balance at December 31, 2016 $ 247.3 Net loss (36.0 ) Balance at March 31, 2017 $ 211.3 (in millions) Retained Earnings Balance at December 31, 2015 $ 562.3 Net income (195.9 ) Distribution of MFS 51.8 Balance at March 31, 2016 $ 418.2 Authorized capital consists of 300 million shares of $0.01 par value common stock and 3.5 million shares of $0.01 par value preferred stock. None of the preferred shares have been issued. Currently, the Company has authorization to purchase up to 2.4 million shares of common stock at management’s discretion; however, the Company is restricted from repurchasing shares of its capital stock or other equity interests under various covenants of its debt agreements. Further, the Company has not purchased any shares of its common stock under this authorization since 2006. A reconciliation for the changes in accumulated other comprehensive loss, net of tax, by component for the three months ended March 31, 2017 and March 31, 2016 is as follows: (in millions) Gains and Losses on Cash Flow Hedges Pension & Postretirement Foreign Currency Translation Total Balance at December 31, 2016 $ (0.3 ) $ (51.8 ) $ (110.8 ) $ (162.9 ) Other comprehensive income before reclassifications 0.3 — 10.1 10.4 Amounts reclassified from accumulated other comprehensive loss 0.2 0.6 — 0.8 Net current period other comprehensive income 0.5 0.6 10.1 11.2 Balance at March 31, 2017 $ 0.2 $ (51.2 ) $ (100.7 ) $ (151.7 ) (in millions) Gains and Losses on Cash Flow Hedges Pension & Postretirement Foreign Currency Translation Total Balance at December 31, 2015 $ (3.8 ) $ (82.6 ) $ (121.4 ) $ (207.8 ) Other comprehensive (loss) income before reclassifications (2.7 ) — 20.3 17.6 Amounts reclassified from accumulated other comprehensive loss 4.3 1.2 — 5.5 Net current period other comprehensive income 1.6 1.2 20.3 23.1 Distribution of MFS 2.1 44.5 31.0 77.6 Balance at March 31, 2016 $ (0.1 ) $ (36.9 ) $ (70.1 ) $ (107.1 ) The following is a reconciliation of the reclassifications out of accumulated other comprehensive income (loss), net of tax, for the three months ended March 31, 2017 : Three Months Ended March 31, 2017 (in millions) Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Recognized Location Gains and losses on cash flow hedges Foreign exchange contracts $ (0.2 ) Cost of sales (0.2 ) Total before tax — Tax expense $ (0.2 ) Net of tax Amortization of pension and postretirement items Actuarial losses $ (1.3 ) (a) Prior service cost 0.3 (1.0 ) Total before tax 0.4 Tax expense $ (0.6 ) Net of tax Total reclassifications for the period $ (0.8 ) Net of tax (a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost (see Note 17, “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 months ended March 31, 2016 : Three Months Ended March 31, 2016 (in millions) Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Recognized Location Gains and losses on cash flow hedges Commodity contracts $ (1.1 ) Cost of sales Interest rate swap contracts: Float-to-fixed (4.3 ) Interest Expense (5.4 ) Total before tax 1.1 Tax expense $ (4.3 ) Net of tax Amortization of pension and postretirement items Actuarial losses $ (1.2 ) (a) (1.2 ) Total before tax — Tax expense $ (1.2 ) Net of Tax Total reclassifications for the period $ (5.5 ) Net of Tax (a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost (see Note 17, “Employee Benefit Plans,” for further details).

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company’s 2013 Omnibus Incentive Plan (the “2013 Plan”) was approved by shareholders on May 7, 2013 and replaced several of the Company's incentive plans (collectively referred to as the “Prior Plans”). No new awards may be granted under the Prior Plans; however, outstanding awards under the Prior Plans will continue in force and effect until vested, exercised, forfeited or expired pursuant to their terms. The 2013 Plan provides for both short-term and long-term incentive awards for employees and non-employee directors. Stock-based awards may take the form of stock options, stock appreciation rights, restricted stock (“RSAs”), restricted stock units (“RSUs”) and performance shares or performance unit awards. The total number of shares of the Company’s common stock originally available for awards under the 2013 Plan was 8.0 million shares, subject to adjustment for stock splits, stock dividends and certain other transactions or events. On March 20, 2016, in accordance with the 2013 Plan's adjustment provisions, the Board of Directors approved an amendment to the 2013 Plan to reflect the effect of the Spin-Off, as a result, the number of shares of common stock reserved for future awards under the 2013 Plan was increased by 22.1 million shares. Stock-based compensation expense was $2.2 million and $1.3 million for the three months ended March 31, 2017 and 2016 , respectively. The Company recognizes stock-based compensation expense over the stock-based awards' vesting period. The Company granted options to acquire 1.1 million and 1.7 million shares of common stock to employees during the three months ended March 31, 2017 and 2016 , respectively. The options granted in 2017 become exercisable in 33% increments annually over a three -year period beginning on the first anniversary of the grant date and expire 10 years subsequent to the grant date, and the options granted in 2016 and prior years become exercisable in 25% increments annually over a four -year period beginning on the first anniversary of the grant date and also expire 10 years subsequent to the grant date. The Company issued a total of 1.0 million and 1.3 million RSUs to employees and directors during the three months ended March 31, 2017 and 2016 , respectively. The RSUs granted to employees generally vest on the third anniversary of the grant date. The RSUs granted to directors vest on the second anniversary of the grant date. Performance shares are earned based on the extent to which performance goals are met over the applicable performance period. The performance goals and the applicable performance period vary for each grant year. The performance goals for the performance shares granted in 2017 are based on 50% on total shareholder return relative to peers during the three -year performance period and 50% on Adjusted EBITDA in 2019. The performance goals for the performance shares granted in 2016 are based 50% on total shareholder return relative to peers and 50% on the weighted average return on invested capital (ROIC) over the three -year performance period. Depending on the foregoing factors, the number of shares earned could range from zero to 0.9 million and zero to 1.2 million for the 2017 and 2016 performance share grants, respectively.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The following tables set forth the Company’s financial assets and liabilities that were accounted for at fair value as of March 31, 2017 and December 31, 2016 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 March 31, 2017 (in millions) Level 1 Level 2 Level 3 Total Current Assets: Commodity contracts $ — $ 0.1 $ — $ 0.1 Total current assets at fair value $ — $ 0.1 $ — $ 0.1 Current Liabilities: Foreign currency exchange contracts $ — $ 0.3 $ — $ 0.3 Total current liabilities at fair value $ — $ 0.3 $ — $ 0.3 Fair Value as of December 31, 2016 (in millions) Level 1 Level 2 Level 3 Total Current Assets: Foreign currency exchange contracts $ — $ 0.2 $ — $ 0.2 Commodity contracts — 0.2 — 0.2 Total current assets at fair value $ — $ 0.4 $ — $ 0.4 Current Liabilities: Foreign currency exchange contracts $ — $ 1.0 $ — $ 1.0 Total current liabilities at fair value $ — $ 1.0 $ — $ 1.0 The fair value of the Company's 2021 Notes was approximately $294.1 million and $282.2 million as of March 31, 2017 and December 31, 2016 , respectively. See Note 7, “Debt,” for a description of the debt instruments and their related carrying values. ASC Topic 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 Topic 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. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company estimates the fair value of its Senior Notes based on quoted market prices; because these markets are typically thinly traded, the assets and/or liabilities are classified as Level 2 within the valuation hierarchy. The carrying values of cash and cash equivalents, accounts receivable, accounts payable, deferred purchase price notes on receivables sold (see Note 8, “Accounts Receivable Securitization”) and short-term variable debt, including any amounts outstanding under the ABL Revolving Credit Facility, approximate fair value, without being discounted as of March 31, 2017 and December 31, 2016 , 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 interest rates, foreign currency exchange rates and commodity prices, which may adversely affect the Company’s operating results and financial position. When deemed appropriate, the Company attempts to minimize 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, commodity and interest rate contracts are valued through an independent valuation source that uses an industry standard data provider, with resulting valuations periodically validated through third-party or counterparty quotes. As such, these derivative instruments are classified within Level 2.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The Company’s risk management objective is to ensure that business exposures to risks that have been identified and measured, and are capable of being controlled, are minimized using the most effective and efficient methods to eliminate, reduce, or transfer such exposures. Operating decisions consider these associated risks and structure transactions to avoid these risks whenever possible. Use of derivative instruments is consistent with the overall business and risk management objectives of the Company. Derivative instruments may be used to manage business risk within limits specified by the Company’s risk policy and manage exposures that have been identified through the risk identification and measurement process, provided that they clearly qualify as “hedging” activities as defined in the risk policy. Use of derivative instruments is not automatic, nor is it necessarily the only response to managing pertinent business risk. Use is permitted only after the risks that have been identified are determined to exceed defined tolerance levels and are considered to be unavoidable. The primary risks managed by the Company by using derivative instruments are commodity price risk and foreign currency exchange risk. Swap contracts on various commodities are entered into to help 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 the Company’s projected purchases and sales and foreign currency denominated receivable and payable balances. ASC Topic 815-10 requires companies to recognize all derivative instruments as either assets or liabilities at fair value in the statement of financial position. In accordance with ASC Topic 815-10, 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 is 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 that $0.2 million of unrealized losses, net of tax, related to commodity price and currency rate hedging will be reclassified from other comprehensive income into earnings. Foreign currency and commodity hedging is generally completed prospectively on a rolling basis for 12 and 24 months, respectively, depending on the type of risk being hedged. As of March 31, 2017 and December 31, 2016 , the Company had the following outstanding commodity and foreign currency exchange contracts that were intended to hedge forecasted transactions: Designated Hedging Instruments Units Hedged Commodity March 31, 2017 December 31, 2016 Unit Type Natural Gas 3,579 26,807 MMBtu Cash Flow Steel 1,945 3,190 Tons Cash Flow Designated Hedging Instruments Units Hedged Currency March 31, 2017 December 31, 2016 Type Australian Dollar 1,380,374 611,143 Cash Flow European Euro 4,609,005 9,834,120 Cash Flow South Korean Won 83,579,000 218,408,100 Cash Flow Singapore Dollar 300,000 900,000 Cash Flow United States Dollar — 2,311,697 Cash Flow Japanese Yen 43,867,400 65,502,800 Cash Flow For derivative instruments that are not designated as hedging instruments under ASC Topic 815-10, the gains or losses on the derivatives are recognized in current earnings within Other (expense) income, net in the Condensed Consolidated Statements of Operations. As of March 31, 2017 and December 31, 2016 , the Company had the following outstanding foreign currency exchange contracts that were not designated as hedging instruments: Non Designated Hedging Instruments Units Hedged Currency March 31, December 31, 2016 Recognized Location Purpose European Euro 4,929,005 10,502,111 Other income, net Accounts Payable and Receivable Settlement United States Dollar 5,550,000 15,318,000 Other income, net Accounts Payable and Receivable Settlement The fair value of outstanding derivative contracts recorded as assets in the accompanying Condensed Consolidated Balance Sheets as of March 31, 2017 and December 31, 2016 was as follows: Designated Hedging Instruments ASSET DERIVATIVES March 31, 2017 December 31, 2016 (in millions) Balance Sheet Location Fair Value Derivatives designated as hedging instruments Foreign exchange contracts Other current assets $ — $ 0.1 Commodity contracts Other current assets 0.1 0.2 Total derivatives designated as hedging instruments $ 0.1 $ 0.3 ASSET DERIVATIVES March 31, 2017 December 31, 2016 (in millions) Balance Sheet Location Fair Value Derivatives NOT designated as hedging instruments Foreign exchange contracts Other current assets $ — $ 0.1 Total derivatives NOT designated as hedging instruments $ — $ 0.1 Total asset derivatives $ 0.1 $ 0.4 The fair value of outstanding derivative contracts recorded as liabilities in the accompanying Condensed Consolidated Balance Sheets as of March 31, 2017 and December 31, 2016 was as follows: LIABILITY DERIVATIVES March 31, 2017 December 31, 2016 (in millions) Balance Sheet Location Fair Value Derivatives designated as hedging instruments Foreign exchange contracts Accounts payable and accrued expenses $ 0.3 $ 0.9 Total derivatives designated as hedging instruments $ 0.3 $ 0.9 LIABILITY DERIVATIVES March 31, 2017 December 31, 2016 (in millions) Balance Sheet Location Fair Value Derivatives NOT designated as hedging instruments Foreign exchange contracts Accounts payable and accrued expenses $ — $ 0.1 Total derivatives NOT designated as hedging instruments $ — $ 0.1 Total liability derivatives $ 0.3 $ 1.0

Contingencies and Significant E

Contingencies and Significant Estimates	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Contingencies and Significant Estimates	Contingencies and Significant Estimates As of March 31, 2017 and December 31, 2016 , the Company had reserved $26.6 million and $28.6 million , respectively, for warranty claims included in product warranties and other non-current liabilities in the Condensed Consolidated Balance Sheets. In the normal course of business, the Company provides its customers a warranty covering workmanship, and in some cases materials, on products manufactured by the Company. Such warranty generally provides that products will be free from defects for periods ranging from 12 to 60 months. 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 the Company’s 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 warranty activity for the three months ended March 31, 2017 and the year ended December 31, 2016 : (in millions) Three Months Ended March 31, 2017 Year Ended December 31, 2016 Balance at beginning of period $ 28.6 $ 32.4 Accruals for warranties issued during the period 6.5 20.4 Settlements made (in cash or in kind) during the period (8.7 ) (23.7 ) Currency translation 0.2 (0.5 ) Balance at end of period $ 26.6 $ 28.6 Product liability reserves in the Condensed Consolidated Balance Sheets as of March 31, 2017 and December 31, 2016 were $23.7 million and $21.7 million , respectively, and were estimated using a combination of actual case reserves and 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. To the extent permitted under applicable law, all of these are insured with self-insurance retention levels and/or coverage with outside insurers. The Company’s self-insurance retention levels vary by business and have fluctuated over the last 10 years. As of March 31, 2017 , the largest self-insured retention level for new occurrences currently maintained by the Company is $2.0 million per occurrence and applies to product liability claims for cranes manufactured in the United States. As of March 31, 2017 , the Company held reserves for environmental matters related to 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 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, the Company does not expect environmental compliance costs to have a material adverse effect on its financial condition, results of operations or cash flows. The Company is involved in numerous lawsuits involving asbestos-related claims in which the Company is one of numerous defendants. After taking into consideration legal counsel’s evaluation of such actions, the current political environment with respect to asbestos-related claims and the liabilities accrued with respect to such matters, in the opinion of management, ultimate resolution is not expected to have a material adverse effect on the financial condition, results of operations or cash flows of the Company. 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, individually and in the aggregate, is not expected to have a material adverse effect on the Company’s financial condition, results of operations or cash flows. It is reasonably possible that the estimates for warranty costs, product liability, environmental remediation, asbestos-related claims and other various legal matters may change based upon new information that may arise or matters that are beyond the scope of the Company’s historical experience. Presently, there are no reliable methods to estimate the amount of any such potential changes.

Guarantees

Guarantees	3 Months Ended
	Mar. 31, 2017
Guarantees [Abstract]
Guarantees	Guarantees The Company periodically enters into transactions with customers that provide for residual value guarantees and buyback commitments. These initial transactions are recorded as deferred revenue and are amortized to income on a straight-line basis over a period equal to that of the customer’s third party financing agreement. The deferred revenue included in other current and non-current liabilities as of March 31, 2017 and December 31, 2016 was $28.9 million and $30.4 million , respectively. The total amount of residual value guarantees and buyback commitments given by the Company and outstanding as of March 31, 2017 and December 31, 2016 was $27.2 million and $32.8 million , respectively. These amounts are not reduced for amounts the Company would recover from the repossession and subsequent resale of the units. The residual value guarantees and buyback commitments expire at various times through 2021.

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Mar. 31, 2017
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plans	Employee Benefit Plans The Company provides certain pension, health care and death benefits to eligible retirees and their dependents. The funding mechanism for such benefits varies based on the country where the retiree resides and receives benefits. Eligibility for pension coverage is based on retirement qualifications. Healthcare benefits may be subject to deductibles, co-payments and other limitations. The Company reserves the right to modify benefits unless a government agency in a certain country prohibits it from doing so. As part of the Spin-Off, and in accordance with the employee matters agreement referred to in Note 2, “Discontinued Operations,” certain combined plans were split between MTW and MFS. Accordingly, the Company transferred to MFS pension obligations associated with active, retired and other former employees of MFS for those impacted MFS-related defined benefit pension plans. The allocation of plan assets was determined in accordance with applicable Employee Retirement Income Security Act of 1974, Internal Revenue Service and other jurisdictional requirements. The components of periodic benefit costs for three months ended March 31, 2017 and March 31, 2016 are as follows: Three Months Ended March 31, 2017 Postretirement U.S. Non-U.S. Health and Pension Pension Other (in millions) Plans Plans Plans Service cost - benefits earned during the period $ — $ 0.4 $ 0.1 Interest cost of projected benefit obligations 1.3 0.6 0.2 Expected return on plan assets (1.2 ) (0.4 ) — Amortization of prior service cost — — (0.3 ) Amortization of actuarial net loss 0.8 0.4 0.1 Net periodic benefit costs $ 0.9 $ 1.0 $ 0.1 Three Months Ended March 31, 2016 Postretirement U.S. Non-U.S. Health and Pension Pension Other (in millions) Plans Plans Plans Service cost - benefits earned during the period $ — $ 0.5 $ 0.1 Interest cost of projected benefit obligations 2.2 1.6 0.5 Expected return on plan assets (1.7 ) (1.2 ) — Amortization of actuarial net loss 1.1 0.4 — Net periodic benefit costs 1.6 1.3 0.6 Net periodic benefit costs associated with MFS 0.4 0.4 0.1 Net periodic benefit costs included in continuing operations $ 1.2 $ 0.9 $ 0.5

Restructuring

Restructuring	3 Months Ended
	Mar. 31, 2017
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring The Company is continuing its restructuring activities to right-size the business by balancing capacity with demand. During the three months ended March 31, 2017 and 2016 , the Company incurred $11.7 million and $4.4 million of restructuring expense, respectively. The costs for the three months ended March 31, 2017 related primarily to the closure of manufacturing operations in Manitowoc, WI and Passo Fundo, Brazil. Costs for the three months ended March 31, 2016 related to workforce reductions in two of the Company's facilities in North America. With regard to the closure of the facility in Manitowoc, the Company expects to incur total cash charges for severance costs and other employment-related benefits in the range of $7 to $10 million , capital expenditures in the range of $10 to $12 million and other costs in the range of $15 to $20 million . Through the first quarter of 2017, the Company has incurred $2.1 million related to severance costs and other employment-related benefits, $4.4 million for capital expenditures and $9.5 million in other costs related to these initiatives. Non-cash charges, primarily related to fixed assets and inventory related charges, are expected to be in the range of $15 to $20 million , of which $17 million has been recorded to date. The Company anticipates all cash and non-cash charges to be recognized by the end of 2017. The following is a roll-forward of the Company's restructuring activities for the three months ended March 31, 2017 (in millions): Restructuring Reserve Balance as of December 31, 2016 Restructuring Expenses Cash Use of Reserve Non-Cash Use of Reserve Restructuring Reserve Balance as of March 31, 2017 Total $ 8.2 $ 11.7 $ 10.3 $ 4.7 $ 4.9

Recent Accounting Changes and P

Recent Accounting Changes and Pronouncements	3 Months Ended
	Mar. 31, 2017
Recent Accounting Changes and Pronouncements [Abstract]
Recent Accounting Changes and Pronouncements	Recent Accounting Changes and Pronouncements In March 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. - 2017-07 “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” This ASU amends ASC 715, Compensation – Retirement Benefits, to require employers that present a measure of operating income in their statement of income to include only the service cost component of net periodic pension cost and net periodic postretirement benefit cost in operating expenses (together with other employee compensation costs). The other components of net benefit cost, including amortization of prior service cost/credit and settlement and curtailment effects, are to be included in nonoperating expenses. This ASU also allows only the service cost component of net benefit cost to be capitalized (for example, as a cost of inventory). The amendments in this ASU should be applied retrospectively for the presentation of the service cost component and the other components of net periodic pension cost and net periodic postretirement benefit cost in the income statement and prospectively, on and after the effective date, for the capitalization of the service cost component of net periodic pension cost and net periodic postretirement benefit in assets, and is effective for public companies for fiscal years beginning after December 15, 2017; early adoption is permitted. The Company plans to adopt this ASU in the first quarter of 2018. In January 2017, the FASB issued ASU No. 2017-04 - “Intangibles – Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment.” This ASU simplifies the accounting for goodwill impairment. The guidance removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. ASU 2017-04 will be effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for any impairment tests performed after January 1, 2017. The Company has early adopted ASU No. 2017-04 effective the first quarter of 2017. In November 2016, the FASB issued ASU No. 2016-18 - “Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force).” The amendments of this ASU address the diversity of presentation of restricted cash by requiring a statement of cash flows to explain the change during the period in the total cash, cash equivalents and amounts generally described as restricted cash or restricted cash equivalents. ASU 2016-18 will be effective for fiscal years beginning after December 15, 2017. The Company is evaluating the impact the adoption of this ASU will have on its consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16 - “Income Taxes (Topic 740): Intra-Entity Transfer of Assets Other than Inventory,” which requires the recognition of the income tax consequences of an intra-entity transfer of an asset, other than inventory, when the transfer occurs. ASU 2016-06 will be effective for fiscal years beginning after December 15, 2017. The Company is currently evaluating the impact the adoption of this ASU will have on its consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15 - “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments.” This update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice and affects all entities required to present a statement of cash flows under Topic 230. This standard will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company is evaluating the impact the adoption of this ASU will have on its consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09 - “Revenue from Contracts with Customers” (Topic 606), which supersedes the revenue recognition requirements in ASC 605, Revenue Recognition. This was further clarified with technical corrections issued within ASU 2015-14, ASU 2016-08, ASU 2016-10, ASU 2016-11, ASU 2016-12, ASU 2016-20 and ASU 2017-05. The new revenue recognition guidance was issued to provide a single, comprehensive revenue recognition model for all contracts with customer. Under the new guidance, an entity will recognize revenue to depict the transfer of promised goods or services to customer at an amount that the entity expects to be entitled to in exchange for those goods or services. A five-step model has been introduced for an entity to apply when recognizing revenue. The new guidance also includes enhanced disclosure requirements and is effective January 1, 2018, with early adoption permitted as of January 1, 2017. Entities have the option to apply the new guidance under a retrospective approach to each prior reporting period presented, or a modified retrospective approach with the cumulative effect of initially applying the new guidance recognized at the date of initial application within the Consolidated Statement of Changes in Stockholder's Equity. The Company plans to adopt the new guidance effective January 1, 2018 utilizing the modified retrospective approach and is in the process of evaluating the financial impact of the adoption on its financial statements. The Company expects to conclude its assessment on the impact of adoption in the first half of 2017. In March 2016, the FASB issued ASU 2016-09 - “Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” This update is part of the FASB's Simplification Initiative, and its objective is to identify, evaluate and improve areas of GAAP for which cost and complexity can be reduced while maintaining or improving usefulness of the information provided to users of financial statements. The update involves several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. The effective date for this ASU is for annual periods beginning after December 15, 2016 and interim periods within those annual periods. The adoption of this ASU did not have a material impact on the Company's consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-06 - “Derivatives and Hedging: Contingent Put and Call Options in Debt Instruments.” The amendments clarify the steps required to assess whether a call or put option meets the criteria for bifurcation as an embedded derivative. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016. The adoption of this ASU did not have a material impact on the Company's consolidated financial statements. In February 2016, the FASB issued ASU 2016-02 - “Leases”, which is intended to improve financial reporting on leasing transactions. This standard requires a lessee to record on the balance sheet the assets and liabilities for the rights and obligations created by lease terms of more than 12 months. This standard will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is evaluating the impact the adoption of this ASU will have on its consolidated financial statements. In January 2016, the FASB issued ASU 2016-01 - “Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities.” ASU 2016-01 amends various aspects of the recognition, measurement, presentation and disclosure for financial instruments. Most significantly, ASU 2016-01 requires equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of an investee) to be measured at fair value with changes in fair value recognized in net income (loss). ASU 2016-01 is effective for annual reporting periods and interim periods within those years beginning after December 15, 2017. The Company is evaluating the impact the adoption of this ASU will have on its consolidated financial statements. In July 2015, the FASB issued ASU No. 2015-11 - “Inventory (Topic 330): Simplifying the Measurement of Inventory.” This update changes the guidance on accounting for inventory accounted for on a first-in first-out (FIFO) basis. 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 prices 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 (LIFO) basis. The amendments in this ASU are effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2016. The adoption of this ASU did not have a material impact on the Company's consolidated financial statements.

Recent Accounting Changes and29

Recent Accounting Changes and Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2017
Recent Accounting Changes and Pronouncements [Abstract]
Recent Accounting Changes and Pronouncements	In March 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. - 2017-07 “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” This ASU amends ASC 715, Compensation – Retirement Benefits, to require employers that present a measure of operating income in their statement of income to include only the service cost component of net periodic pension cost and net periodic postretirement benefit cost in operating expenses (together with other employee compensation costs). The other components of net benefit cost, including amortization of prior service cost/credit and settlement and curtailment effects, are to be included in nonoperating expenses. This ASU also allows only the service cost component of net benefit cost to be capitalized (for example, as a cost of inventory). The amendments in this ASU should be applied retrospectively for the presentation of the service cost component and the other components of net periodic pension cost and net periodic postretirement benefit cost in the income statement and prospectively, on and after the effective date, for the capitalization of the service cost component of net periodic pension cost and net periodic postretirement benefit in assets, and is effective for public companies for fiscal years beginning after December 15, 2017; early adoption is permitted. The Company plans to adopt this ASU in the first quarter of 2018. In January 2017, the FASB issued ASU No. 2017-04 - “Intangibles – Goodwill and Other (Topic 350): Simplifying the Accounting for Goodwill Impairment.” This ASU simplifies the accounting for goodwill impairment. The guidance removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. A goodwill impairment will now be the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. ASU 2017-04 will be effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for any impairment tests performed after January 1, 2017. The Company has early adopted ASU No. 2017-04 effective the first quarter of 2017. In November 2016, the FASB issued ASU No. 2016-18 - “Statement of Cash Flows (Topic 230): Restricted Cash (a consensus of the FASB Emerging Issues Task Force).” The amendments of this ASU address the diversity of presentation of restricted cash by requiring a statement of cash flows to explain the change during the period in the total cash, cash equivalents and amounts generally described as restricted cash or restricted cash equivalents. ASU 2016-18 will be effective for fiscal years beginning after December 15, 2017. The Company is evaluating the impact the adoption of this ASU will have on its consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16 - “Income Taxes (Topic 740): Intra-Entity Transfer of Assets Other than Inventory,” which requires the recognition of the income tax consequences of an intra-entity transfer of an asset, other than inventory, when the transfer occurs. ASU 2016-06 will be effective for fiscal years beginning after December 15, 2017. The Company is currently evaluating the impact the adoption of this ASU will have on its consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15 - “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments.” This update addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice and affects all entities required to present a statement of cash flows under Topic 230. This standard will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company is evaluating the impact the adoption of this ASU will have on its consolidated financial statements. In May 2014, the FASB issued ASU No. 2014-09 - “Revenue from Contracts with Customers” (Topic 606), which supersedes the revenue recognition requirements in ASC 605, Revenue Recognition. This was further clarified with technical corrections issued within ASU 2015-14, ASU 2016-08, ASU 2016-10, ASU 2016-11, ASU 2016-12, ASU 2016-20 and ASU 2017-05. The new revenue recognition guidance was issued to provide a single, comprehensive revenue recognition model for all contracts with customer. Under the new guidance, an entity will recognize revenue to depict the transfer of promised goods or services to customer at an amount that the entity expects to be entitled to in exchange for those goods or services. A five-step model has been introduced for an entity to apply when recognizing revenue. The new guidance also includes enhanced disclosure requirements and is effective January 1, 2018, with early adoption permitted as of January 1, 2017. Entities have the option to apply the new guidance under a retrospective approach to each prior reporting period presented, or a modified retrospective approach with the cumulative effect of initially applying the new guidance recognized at the date of initial application within the Consolidated Statement of Changes in Stockholder's Equity. The Company plans to adopt the new guidance effective January 1, 2018 utilizing the modified retrospective approach and is in the process of evaluating the financial impact of the adoption on its financial statements. The Company expects to conclude its assessment on the impact of adoption in the first half of 2017. In March 2016, the FASB issued ASU 2016-09 - “Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” This update is part of the FASB's Simplification Initiative, and its objective is to identify, evaluate and improve areas of GAAP for which cost and complexity can be reduced while maintaining or improving usefulness of the information provided to users of financial statements. The update involves several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. The effective date for this ASU is for annual periods beginning after December 15, 2016 and interim periods within those annual periods. The adoption of this ASU did not have a material impact on the Company's consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-06 - “Derivatives and Hedging: Contingent Put and Call Options in Debt Instruments.” The amendments clarify the steps required to assess whether a call or put option meets the criteria for bifurcation as an embedded derivative. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016. The adoption of this ASU did not have a material impact on the Company's consolidated financial statements. In February 2016, the FASB issued ASU 2016-02 - “Leases”, which is intended to improve financial reporting on leasing transactions. This standard requires a lessee to record on the balance sheet the assets and liabilities for the rights and obligations created by lease terms of more than 12 months. This standard will be effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is evaluating the impact the adoption of this ASU will have on its consolidated financial statements. In January 2016, the FASB issued ASU 2016-01 - “Financial Instruments-Overall: Recognition and Measurement of Financial Assets and Financial Liabilities.” ASU 2016-01 amends various aspects of the recognition, measurement, presentation and disclosure for financial instruments. Most significantly, ASU 2016-01 requires equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of an investee) to be measured at fair value with changes in fair value recognized in net income (loss). ASU 2016-01 is effective for annual reporting periods and interim periods within those years beginning after December 15, 2017. The Company is evaluating the impact the adoption of this ASU will have on its consolidated financial statements. In July 2015, the FASB issued ASU No. 2015-11 - “Inventory (Topic 330): Simplifying the Measurement of Inventory.” This update changes the guidance on accounting for inventory accounted for on a first-in first-out (FIFO) basis. 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 prices 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 (LIFO) basis. The amendments in this ASU are effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2016. The adoption of this ASU did not have a material impact on the Company's consolidated financial statements.

Accounting Policies and Basis30

Accounting Policies and Basis of Presentation (Tables)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Summary of the Adjustments on the Impacted Financial Statements	A summary of the adjustments on the impacted financial statement line items in the Condensed Consolidated Statements of Operations as revised and as previously presented in the March 31, 2016 Form 10-Q is as follows: Three Months Ended March 31, 2016 As previously presented Revisions Impact of change to FIFO As revised Cost of sales $ 345.5 $ — $ 2.2 $ 347.7 Operating (loss) income 3.0 — (2.2 ) 0.8 Loss on debt extinguishment (72.0 ) (4.3 ) — (76.3 ) Loss from continuing operations before taxes on income (78.5 ) (4.3 ) (2.2 ) (85.0 ) Provision (benefit) for taxes on income 122.3 (0.8 ) (13.8 ) 107.7 Loss from continuing operations (200.8 ) (3.5 ) 11.6 (192.7 ) Discontinued operations: Loss from discontinued operations, net of income taxes (3.2 ) — — (3.2 ) Net loss $ (204.0 ) $ (3.5 ) $ 11.6 $ (195.9 ) Loss per common share - basic and diluted Loss from continuing operations $ (1.47 ) $ (0.03 ) $ 0.09 $ (1.41 ) Loss from discontinued operations (0.02 ) — — (0.02 ) Loss per common share $ (1.49 ) $ (0.03 ) $ 0.09 $ (1.43 )

Discontinued Operations (Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2017
Discontinued Operations and Disposal Groups [Abstract]
Major classes of line items constituting earnings from discontinued operations before income taxes related to MFS	The following table presents the financial results of MFS through the date of the Spin-Off for the indicated period and does not include corporate overhead allocations: Major classes of line items constituting earnings from discontinued operations before income taxes related to MFS (in millions) Three Months Ended March 31, 2016 Net sales $ 219.6 Cost of sales 141.5 Engineering, selling and administrative expenses 48.3 Amortization expense 5.2 Restructuring expense 0.3 Separation expense 26.9 Total operating costs and expenses 222.2 Loss from operations (2.6 ) Other expense (1.9 ) Loss from discontinued operations before income taxes (4.5 ) Benefit for taxes on earnings (1.3 ) Loss from discontinued operations, net of income taxes $ (3.2 )

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2017
Inventory Disclosure [Abstract]
Schedule of the components of inventories	The components of inventories as of March 31, 2017 and December 31, 2016 are summarized as follows: (in millions) March 31, December 31, Inventories: Raw materials $ 118.8 $ 109.3 Work-in-process 112.3 88.4 Finished goods 272.1 270.9 Total inventories 503.2 468.6 Excess and obsolete inventory reserve (41.9 ) (39.6 ) Inventories — net $ 461.3 $ 429.0

Goodwill and Other Intangible33

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in goodwill by reportable segment	The changes in the carrying amount of goodwill for the year ended December 31, 2016 and the three months ended March 31, 2017 are as follows: (in millions) Total Balance as of January 1, 2016 $ 306.5 Foreign currency impact (6.9 ) Balance as of December 31, 2016 299.6 Foreign currency impact 3.3 Balance as of March 31, 2017 $ 302.9
Gross carrying amount and accumulated amortization of the company's intangible assets other than goodwill	The gross carrying amount, accumulated amortization and net book value of the Company’s intangible assets other than goodwill at March 31, 2017 and December 31, 2016 are as follows: March 31, 2017 December 31, 2016 (in millions) Gross Carrying Amount Accumulated Amortization Net Book Value Gross Carrying Amount Accumulated Amortization Net Book Value Trademarks and tradenames $ 93.3 $ — $ 93.3 $ 92.4 $ — $ 92.4 Customer relationships 10.6 (8.3 ) 2.3 10.3 (7.8 ) 2.5 Patents 28.7 (27.7 ) 1.0 28.5 (27.4 ) 1.1 Engineering drawings 10.2 (10.1 ) 0.1 10.0 (9.9 ) 0.1 Distribution network 18.2 (0.1 ) 18.1 18.0 — 18.0 Other intangibles 0.2 (0.2 ) — 0.2 (0.2 ) — Total $ 161.2 $ (46.4 ) $ 114.8 $ 159.4 $ (45.3 ) $ 114.1

Accounts Payable and Accrued 34

Accounts Payable and Accrued Expenses (Tables)	3 Months Ended
	Mar. 31, 2017
Payables and Accruals [Abstract]
Schedule of accounts payable and accrued expenses	Accounts payable and accrued expenses at March 31, 2017 and December 31, 2016 are summarized as follows: (in millions) March 31, December 31, Trade accounts payable $ 197.8 $ 157.7 Employee-related expenses 30.9 28.1 Accrued vacation 21.9 21.8 Miscellaneous accrued expenses 85.5 113.6 Total $ 336.1 $ 321.2

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Schedule of outstanding debt	Outstanding debt at March 31, 2017 and December 31, 2016 is summarized as follows: (in millions) March 31, 2017 December 31, 2016 Senior secured second lien notes due 2021 $ 250.3 $ 249.8 Other 34.9 35.7 Deferred financing costs (3.7 ) (4.0 ) Total debt 281.5 281.5 Short-term borrowings and current portion of long-term debt (12.9 ) (12.4 ) Long-term debt $ 268.6 $ 269.1

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017 2016 Basic weighted average common shares outstanding 140,081,711 136,599,912 Effect of dilutive securities — — Diluted weighted average common shares outstanding 140,081,711 136,599,912

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Roll forward of Retained Earnings	The following is a roll forward of retained earnings for the three months ended March 31, 2017 and 2016 : (in millions) Retained Earnings Balance at December 31, 2016 $ 247.3 Net loss (36.0 ) Balance at March 31, 2017 $ 211.3 (in millions) Retained Earnings Balance at December 31, 2015 $ 562.3 Net income (195.9 ) Distribution of MFS 51.8 Balance at March 31, 2016 $ 418.2
Reconciliation of accumulated other comprehensive loss	A reconciliation for the changes in accumulated other comprehensive loss, net of tax, by component for the three months ended March 31, 2017 and March 31, 2016 is as follows: (in millions) Gains and Losses on Cash Flow Hedges Pension & Postretirement Foreign Currency Translation Total Balance at December 31, 2016 $ (0.3 ) $ (51.8 ) $ (110.8 ) $ (162.9 ) Other comprehensive income before reclassifications 0.3 — 10.1 10.4 Amounts reclassified from accumulated other comprehensive loss 0.2 0.6 — 0.8 Net current period other comprehensive income 0.5 0.6 10.1 11.2 Balance at March 31, 2017 $ 0.2 $ (51.2 ) $ (100.7 ) $ (151.7 ) (in millions) Gains and Losses on Cash Flow Hedges Pension & Postretirement Foreign Currency Translation Total Balance at December 31, 2015 $ (3.8 ) $ (82.6 ) $ (121.4 ) $ (207.8 ) Other comprehensive (loss) income before reclassifications (2.7 ) — 20.3 17.6 Amounts reclassified from accumulated other comprehensive loss 4.3 1.2 — 5.5 Net current period other comprehensive income 1.6 1.2 20.3 23.1 Distribution of MFS 2.1 44.5 31.0 77.6 Balance at March 31, 2016 $ (0.1 ) $ (36.9 ) $ (70.1 ) $ (107.1 )
Reclassification out of accumulated other comprehensive income	The following is a reconciliation of the reclassifications out of accumulated other comprehensive income (loss), net of tax, for the three months ended March 31, 2017 : Three Months Ended March 31, 2017 (in millions) Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Recognized Location Gains and losses on cash flow hedges Foreign exchange contracts $ (0.2 ) Cost of sales (0.2 ) Total before tax — Tax expense $ (0.2 ) Net of tax Amortization of pension and postretirement items Actuarial losses $ (1.3 ) (a) Prior service cost 0.3 (1.0 ) Total before tax 0.4 Tax expense $ (0.6 ) Net of tax Total reclassifications for the period $ (0.8 ) Net of tax (a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost (see Note 17, “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 months ended March 31, 2016 : Three Months Ended March 31, 2016 (in millions) Amount Reclassified from Accumulated Other Comprehensive Income (Loss) Recognized Location Gains and losses on cash flow hedges Commodity contracts $ (1.1 ) Cost of sales Interest rate swap contracts: Float-to-fixed (4.3 ) Interest Expense (5.4 ) Total before tax 1.1 Tax expense $ (4.3 ) Net of tax Amortization of pension and postretirement items Actuarial losses $ (1.2 ) (a) (1.2 ) Total before tax — Tax expense $ (1.2 ) Net of Tax Total reclassifications for the period $ (5.5 ) Net of Tax (a) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension cost (see Note 17, “Employee Benefit Plans,” for further details).

Fair Value of Financial Instr38

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2017
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 the Company’s financial assets and liabilities that were accounted for at fair value as of March 31, 2017 and December 31, 2016 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 March 31, 2017 (in millions) Level 1 Level 2 Level 3 Total Current Assets: Commodity contracts $ — $ 0.1 $ — $ 0.1 Total current assets at fair value $ — $ 0.1 $ — $ 0.1 Current Liabilities: Foreign currency exchange contracts $ — $ 0.3 $ — $ 0.3 Total current liabilities at fair value $ — $ 0.3 $ — $ 0.3 Fair Value as of December 31, 2016 (in millions) Level 1 Level 2 Level 3 Total Current Assets: Foreign currency exchange contracts $ — $ 0.2 $ — $ 0.2 Commodity contracts — 0.2 — 0.2 Total current assets at fair value $ — $ 0.4 $ — $ 0.4 Current Liabilities: Foreign currency exchange contracts $ — $ 1.0 $ — $ 1.0 Total current liabilities at fair value $ — $ 1.0 $ — $ 1.0
Fair value hierarchy inputs	ASC Topic 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 Topic 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

Derivative Financial Instrume39

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2017
Derivative [Line Items]
Schedule of the fair value of outstanding derivative contracts recorded as assets in the accompanying consolidated balance sheet	The fair value of outstanding derivative contracts recorded as assets in the accompanying Condensed Consolidated Balance Sheets as of March 31, 2017 and December 31, 2016 was as follows: Designated Hedging Instruments ASSET DERIVATIVES March 31, 2017 December 31, 2016 (in millions) Balance Sheet Location Fair Value Derivatives designated as hedging instruments Foreign exchange contracts Other current assets $ — $ 0.1 Commodity contracts Other current assets 0.1 0.2 Total derivatives designated as hedging instruments $ 0.1 $ 0.3 ASSET DERIVATIVES March 31, 2017 December 31, 2016 (in millions) Balance Sheet Location Fair Value Derivatives NOT designated as hedging instruments Foreign exchange contracts Other current assets $ — $ 0.1 Total derivatives NOT designated as hedging instruments $ — $ 0.1 Total asset derivatives $ 0.1 $ 0.4
Schedule of the fair value of outstanding derivative contracts recorded as liabilities in the accompanying consolidated balance sheet	The fair value of outstanding derivative contracts recorded as liabilities in the accompanying Condensed Consolidated Balance Sheets as of March 31, 2017 and December 31, 2016 was as follows: LIABILITY DERIVATIVES March 31, 2017 December 31, 2016 (in millions) Balance Sheet Location Fair Value Derivatives designated as hedging instruments Foreign exchange contracts Accounts payable and accrued expenses $ 0.3 $ 0.9 Total derivatives designated as hedging instruments $ 0.3 $ 0.9 LIABILITY DERIVATIVES March 31, 2017 December 31, 2016 (in millions) Balance Sheet Location Fair Value Derivatives NOT designated as hedging instruments Foreign exchange contracts Accounts payable and accrued expenses $ — $ 0.1 Total derivatives NOT designated as hedging instruments $ — $ 0.1 Total liability derivatives $ 0.3 $ 1.0
Designated Hedging Instruments
Derivative [Line Items]
Outstanding commodity and foreign currency exchange contracts	As of March 31, 2017 and December 31, 2016 , the Company had the following outstanding commodity and foreign currency exchange contracts that were intended to hedge forecasted transactions: Designated Hedging Instruments Units Hedged Commodity March 31, 2017 December 31, 2016 Unit Type Natural Gas 3,579 26,807 MMBtu Cash Flow Steel 1,945 3,190 Tons Cash Flow Designated Hedging Instruments Units Hedged Currency March 31, 2017 December 31, 2016 Type Australian Dollar 1,380,374 611,143 Cash Flow European Euro 4,609,005 9,834,120 Cash Flow South Korean Won 83,579,000 218,408,100 Cash Flow Singapore Dollar 300,000 900,000 Cash Flow United States Dollar — 2,311,697 Cash Flow Japanese Yen 43,867,400 65,502,800 Cash Flow
Derivatives NOT designated as hedging instruments
Derivative [Line Items]
Outstanding commodity and foreign currency exchange contracts	For derivative instruments that are not designated as hedging instruments under ASC Topic 815-10, the gains or losses on the derivatives are recognized in current earnings within Other (expense) income, net in the Condensed Consolidated Statements of Operations. As of March 31, 2017 and December 31, 2016 , the Company had the following outstanding foreign currency exchange contracts that were not designated as hedging instruments: Non Designated Hedging Instruments Units Hedged Currency March 31, December 31, 2016 Recognized Location Purpose European Euro 4,929,005 10,502,111 Other income, net Accounts Payable and Receivable Settlement United States Dollar 5,550,000 15,318,000 Other income, net Accounts Payable and Receivable Settlement

Contingencies and Significant40

Contingencies and Significant Estimates (Tables)	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of the changes in warranty liability	Below is a table summarizing the warranty activity for the three months ended March 31, 2017 and the year ended December 31, 2016 : (in millions) Three Months Ended March 31, 2017 Year Ended December 31, 2016 Balance at beginning of period $ 28.6 $ 32.4 Accruals for warranties issued during the period 6.5 20.4 Settlements made (in cash or in kind) during the period (8.7 ) (23.7 ) Currency translation 0.2 (0.5 ) Balance at end of period $ 26.6 $ 28.6

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2017
Compensation and Retirement Disclosure [Abstract]
Schedule of components of period benefit costs	The components of periodic benefit costs for three months ended March 31, 2017 and March 31, 2016 are as follows: Three Months Ended March 31, 2017 Postretirement U.S. Non-U.S. Health and Pension Pension Other (in millions) Plans Plans Plans Service cost - benefits earned during the period $ — $ 0.4 $ 0.1 Interest cost of projected benefit obligations 1.3 0.6 0.2 Expected return on plan assets (1.2 ) (0.4 ) — Amortization of prior service cost — — (0.3 ) Amortization of actuarial net loss 0.8 0.4 0.1 Net periodic benefit costs $ 0.9 $ 1.0 $ 0.1 Three Months Ended March 31, 2016 Postretirement U.S. Non-U.S. Health and Pension Pension Other (in millions) Plans Plans Plans Service cost - benefits earned during the period $ — $ 0.5 $ 0.1 Interest cost of projected benefit obligations 2.2 1.6 0.5 Expected return on plan assets (1.7 ) (1.2 ) — Amortization of actuarial net loss 1.1 0.4 — Net periodic benefit costs 1.6 1.3 0.6 Net periodic benefit costs associated with MFS 0.4 0.4 0.1 Net periodic benefit costs included in continuing operations $ 1.2 $ 0.9 $ 0.5

Restructuring (Tables)

Restructuring (Tables)	3 Months Ended
	Mar. 31, 2017
Restructuring and Related Activities [Abstract]
Rollforward of all restructuring activities	The following is a roll-forward of the Company's restructuring activities for the three months ended March 31, 2017 (in millions): Restructuring Reserve Balance as of December 31, 2016 Restructuring Expenses Cash Use of Reserve Non-Cash Use of Reserve Restructuring Reserve Balance as of March 31, 2017 Total $ 8.2 $ 11.7 $ 10.3 $ 4.7 $ 4.9

Accounting Policies and Basis43

Accounting Policies and Basis of Presentation - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)segment	Mar. 31, 2016USD ($)
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Number of reportable segments | segment	1
Shares received per parent share		1
Loss on debt extinguishment	$ 0	$ 76.3
Loss from continuing operations	36	192.7
Tax expense	(1.5)	(107.7)
Net cash used for operating activities of continuing operations	(32.5)	(163.4)
Net cash used for operating activities of discontinued operations	$ 0	46.8
Revisions
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Loss on debt extinguishment		4.3
Overstated income tax expense		0.8
Loss from continuing operations		3.5
Comprehensive loss		2.6
Retained earnings adjustment		2.6
Tax expense		0.8
Net cash used for operating activities of continuing operations		16.2
Net cash used for operating activities of discontinued operations		$ 16.2

Accounting Policies and Basis44

Accounting Policies and Basis of Presentation - Summary of the Adjustments on the Impacted Financial Statements (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cost of sales		$ 347.7
Operating (loss) income	$ (23.7)	0.8
Loss on debt extinguishment	0	(76.3)
Loss from continuing operations before taxes on income	(34.5)	(85)
Provision for taxes on income	1.5	107.7
Loss from continuing operations	(36)	(192.7)
Loss from discontinued operations, net of income taxes	$ 0	(3.2)
Net loss		$ (195.9)
Basic loss per common share:
Loss from continuing operations (in dollars per share)	$ (0.26)	$ (1.41)
Loss from discontinued operations (in dollars per share)	0	(0.02)
Loss per common share (in dollars per share)	(0.26)	(1.43)
Diluted loss per common share:
Loss from continuing operations (in dollars per share)	(0.26)	(1.41)
Loss from discontinued operations (in dollars per share)	0	(0.02)
Diluted loss per common share (in dollars per share)	$ (0.26)	$ (1.43)
Impact of change to FIFO
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cost of sales		$ 2.2
Operating (loss) income		(2.2)
Loss on debt extinguishment		0
Loss from continuing operations before taxes on income		(2.2)
Provision for taxes on income		(13.8)
Loss from continuing operations		11.6
Loss from discontinued operations, net of income taxes		0
Net loss		$ 11.6
Basic loss per common share:
Loss from continuing operations (in dollars per share)		$ 0.09
Loss from discontinued operations (in dollars per share)		0
Loss per common share (in dollars per share)		0.09
Diluted loss per common share:
Loss from continuing operations (in dollars per share)		0.09
Loss from discontinued operations (in dollars per share)		0
Diluted loss per common share (in dollars per share)		$ 0.09
As previously presented
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cost of sales		$ 345.5
Operating (loss) income		3
Loss on debt extinguishment		(72)
Loss from continuing operations before taxes on income		(78.5)
Provision for taxes on income		122.3
Loss from continuing operations		(200.8)
Loss from discontinued operations, net of income taxes		(3.2)
Net loss		$ (204)
Basic loss per common share:
Loss from continuing operations (in dollars per share)		$ (1.47)
Loss from discontinued operations (in dollars per share)		(0.02)
Loss per common share (in dollars per share)		(1.49)
Diluted loss per common share:
Loss from continuing operations (in dollars per share)		(1.47)
Loss from discontinued operations (in dollars per share)		(0.02)
Diluted loss per common share (in dollars per share)		$ (1.49)
Revisions
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Cost of sales		$ 0
Operating (loss) income		0
Loss on debt extinguishment		(4.3)
Loss from continuing operations before taxes on income		(4.3)
Provision for taxes on income		(0.8)
Loss from continuing operations		(3.5)
Loss from discontinued operations, net of income taxes		0
Net loss		$ (3.5)
Basic loss per common share:
Loss from continuing operations (in dollars per share)		$ (0.03)
Loss from discontinued operations (in dollars per share)		0
Loss per common share (in dollars per share)		(0.03)
Diluted loss per common share:
Loss from continuing operations (in dollars per share)		(0.03)
Loss from discontinued operations (in dollars per share)		0
Diluted loss per common share (in dollars per share)		$ (0.03)

Discontinued Operations - Major

Discontinued Operations - Major classes of line items constituting earnings from discontinued operations before income taxes related to MFS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Results of discontinued operations
Benefit for taxes on earnings	$ 0	$ 1.3
Spinoff | Manitowoc Food Service
Results of discontinued operations
Net sales		219.6
Cost of sales		141.5
Engineering, selling and administrative expenses		48.3
Amortization expense		5.2
Restructuring expense		0.3
Separation expense	$ 0	26.9
Total operating costs and expenses		222.2
Loss from operations		(2.6)
Other expense		(1.9)
Loss from discontinued operations before income taxes		(4.5)
Benefit for taxes on earnings		1.3
Loss from discontinued operations, net of income taxes		$ (3.2)

Discontinued Operations - Narra

Discontinued Operations - Narrative (Details) - Spinoff - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Manitowoc Food Service
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net losses incurred in disposition of business	$ 0
Separation expense	0	$ 26.9
Various Other Dispositions
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net losses incurred in disposition of business	$ 0	$ 0

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Inventories:
Raw materials	$ 118.8	$ 109.3
Work-in-process	112.3	88.4
Finished goods	272.1	270.9
Total inventories	503.2	468.6
Excess and obsolete inventory reserve	(41.9)	(39.6)
Inventories — net	$ 461.3	$ 429

Notes Receivable (Details)

Notes Receivable (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Receivables [Abstract]
Notes receivable — net	$ 47.4	$ 62.4
Long term note receivable	$ 20.7	$ 21.1

Goodwill and Other Intangible49

Goodwill and Other Intangible Assets - Changes in goodwill by reportable segment (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Goodwill by reportable segment
Gross balance at the beginning of the period	$ 299.6	$ 306.5
Foreign currency impact	3.3	(6.9)
Gross balance at the end of the year	$ 302.9	$ 299.6

Goodwill and Other Intangible50

Goodwill and Other Intangible Assets - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)segment	Mar. 31, 2016USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Number of reportable segments | segment	1
Amortization of intangible assets | $	$ 0.4	$ 0.7

Goodwill and Other Intangible51

Goodwill and Other Intangible Assets - Gross carrying amount and accumulated amortization of the company's intangible assets other than goodwill (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Intangible asset balances by major asset class
Finite-lived Intangible assets, amortization amount	$ (46.4)	$ (45.3)
Intangible assets, gross (excluding goodwill)	161.2	159.4
Intangible assets, book value	114.8	114.1
Customer relationships
Intangible asset balances by major asset class
Finite-lived intangible assets, carrying amount	10.6	10.3
Finite-lived Intangible assets, amortization amount	(8.3)	(7.8)
Finite-lived intangible assets, book value	2.3	2.5
Patents
Intangible asset balances by major asset class
Finite-lived intangible assets, carrying amount	28.7	28.5
Finite-lived Intangible assets, amortization amount	(27.7)	(27.4)
Finite-lived intangible assets, book value	1	1.1
Engineering drawings
Intangible asset balances by major asset class
Finite-lived intangible assets, carrying amount	10.2	10
Finite-lived Intangible assets, amortization amount	(10.1)	(9.9)
Finite-lived intangible assets, book value	0.1	0.1
Distribution network
Intangible asset balances by major asset class
Finite-lived intangible assets, carrying amount	18.2	18
Finite-lived Intangible assets, amortization amount	(0.1)	0
Finite-lived intangible assets, book value	18.1	18
Other intangibles
Intangible asset balances by major asset class
Finite-lived intangible assets, carrying amount	0.2	0.2
Finite-lived Intangible assets, amortization amount	(0.2)	(0.2)
Finite-lived intangible assets, book value	0	0
Trademarks and tradenames
Intangible asset balances by major asset class
Indefinite-lived intangible assets, book value	$ 93.3	$ 92.4

Accounts Payable and Accrued 52

Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Payables and Accruals [Abstract]
Trade accounts payable	$ 197.8	$ 157.7
Employee-related expenses	30.9	28.1
Accrued vacation	21.9	21.8
Miscellaneous accrued expenses	85.5	113.6
Total	$ 336.1	$ 321.2

Debt - Schedule of outstanding

Debt - Schedule of outstanding debt (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Carrying amount	$ 281.5	$ 281.5
Deferred financing costs	(3.7)	(4)
Short-term borrowings and current portion of long-term debt	(12.9)	(12.4)
Long-term debt	268.6	269.1
Other
Debt Instrument [Line Items]
Carrying amount	$ 34.9	$ 35.7

Debt - Narrative (Details)

Debt - Narrative (Details)	Mar. 03, 2016USD ($)	Jan. 03, 2014USD ($)facility	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)	Feb. 18, 2016USD ($)
Debt Instrument [Line Items]
Loss on debt extinguishment			$ 0	$ 76,300,000
Carrying amount			$ 281,500,000		$ 281,500,000
Period for which the entity will be able to comply with the financial covenants pertaining to the Receivable Purchase Agreement (in months)			12 months		12 months
Term loan A | Cash Flow Hedging
Debt Instrument [Line Items]
Notional amount				175,000,000
Term loan A | Cash Flow Hedging | Interest rate swap contracts
Debt Instrument [Line Items]
Write off of deferred financing expense					$ 4,300,000
Terminated derivatives					$ (5,900,000)
Senior Notes, Due 2020
Debt Instrument [Line Items]
Interest rate, stated percentage (as a percent)	8.50%
Write off of deferred financing expense				6,900,000
Redemption premium	$ 625,500,000
Redemption price (as a percent)	104.25%
Loss on debt extinguishment				(31,500,000)
Debt redemption premium				24,600,000
Derivative, notional amount				11,800,000
ABL Revolving Credit Facility
Debt Instrument [Line Items]
Highest daily borrowing			$ 22,300,000
Weighted average interest rate (as a percent)			3.35%
ABL Revolving Credit Facility | LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)					1.50%
ABL Revolving Credit Facility | Prime Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)					0.50%
Prior Senior Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity under revolving credit facility		$ 1,050,000,000
Number of loan facilities included with the senior credit facility | facility		3
Fixed charge coverage ratio					1
Senior Notes Due 2021
Debt Instrument [Line Items]
Face amount of debt						$ 260,000,000
Interest rate, stated percentage (as a percent)						12.75%
Carrying amount			$ 250,300,000		$ 249,800,000
Senior Notes, Due 2022
Debt Instrument [Line Items]
Interest rate, stated percentage (as a percent)	5.875%
Write off of deferred financing expense				3,400,000
Redemption premium	$ 330,500,000
Redemption price (as a percent)	110.167%
Loss on debt extinguishment				(34,600,000)
Debt redemption premium				31,200,000
Derivative, notional amount				$ 700,000
Other
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)			5.44%
Carrying amount			$ 34,900,000		$ 35,700,000
Term loan A | Prior Senior Credit Facility
Debt Instrument [Line Items]
Face amount of debt		$ 350,000,000
Revolving Credit Facility | ABL Revolving Credit Facility
Debt Instrument [Line Items]
Average borrowing			9,700,000
Excess capacity			155,900,000
Line of credit borrowing capacity			166,300,000
Revolving Credit Facility | Prior Senior Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity under revolving credit facility		500,000,000
Revolving Credit Facility | Wells Fargo Bank | Line of Credit | Asset Based Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity under revolving credit facility	$ 225,000,000
Debt term (in years)	5 years
Letter of Credit | ABL Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit outstanding			$ (10,400,000)
Letter of Credit | Wells Fargo Bank | Line of Credit | Asset Based Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity under revolving credit facility	$ 75,000,000
Letter of Credit | Wells Fargo Bank | Line of Credit | Asset Based Revolving Credit Facility | Subsidiary
Debt Instrument [Line Items]
Maximum borrowing capacity under revolving credit facility	$ 10,000,000
Term loan B | Prior Senior Credit Facility
Debt Instrument [Line Items]
Face amount of debt		$ 200,000,000

Accounts Receivable Securitiz55

Accounts Receivable Securitization (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Accounts Receivable Securitization
Trade accounts receivable balance sold	$ 28,700,000	$ 19,500,000
Average collection cycle for accounts receivable (in days) (less than)	60 days
Fair value of deferred purchase price notes	$ 19,400,000	$ 30,600,000
Period for which the entity will be able to comply with the financial covenants pertaining to the Receivable Purchase Agreement (in months)	12 months	12 months
Maximum
Accounts Receivable Securitization
Capacity of securitization program	$ 75,000,000

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Valuation Allowance [Line Items]
Tax expense	$ (1.5)	$ (107.7)
Federal income tax at statutory rate (as a percent)	35.00%
Unrecognized tax benefits	$ 15.7		$ 15.8
Spin Off Transaction
Valuation Allowance [Line Items]
Increase (decrease) in valuation allowance	$ 106.5

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Earnings Per Share [Abstract]
Basic weighted average common shares outstanding (in shares)	140,081,711	136,599,912
Effect of dilutive securities (in shares)	0	0
Diluted weighted average common shares outstanding (in shares)	140,081,711	136,599,912
Anti-dilutive shares excluded from the calculation of diluted earnings per share
Dividends	$ 0	$ 0
Common shares issuable upon the exercise of stock options
Anti-dilutive shares excluded from the calculation of diluted earnings per share
Number of anti-dilutive shares excluded from the calculation of diluted earnings per share (in shares)	1,400,000	7,000,000
Stock Options
Anti-dilutive shares excluded from the calculation of diluted earnings per share
Number of anti-dilutive shares excluded from the calculation of diluted earnings per share (in shares)	1,700,000	1,000,000

Stockholders' Equity - Roll for

Stockholders' Equity - Roll forward of Retained Earnings (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Retained earnings beginning balance	$ 247.3
Net loss	(36)	$ (195.9)
Retained earnings ending balance	211.3
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Retained earnings beginning balance	247.3	562.3
Net loss	(36)	(195.9)
Distribution of MFS		51.8
Retained earnings ending balance	$ 211.3	$ 418.2

Stockholders' Equity - Narrativ

Stockholders' Equity - Narrative (Details) - $ / shares	Mar. 31, 2017	Dec. 31, 2016
Equity [Abstract]
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Par value of common stock (in dollars per share)	$ 0.01
Authorized capitalization of preferred stock (in shares)	3,500,000	3,500,000
Par value of preferred stock per share (in dollars per share)	$ 0.01	$ 0.01
Number of shares authorized to be repurchased (in shares)	2,400,000

Stockholders' Equity - Reconcil

Stockholders' Equity - Reconciliation of accumulated other comprehensive loss (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 590.5
Net current period other comprehensive income (loss)	11.2	$ 23.1
Distribution of MFS	(36)	(195.9)
Ending balance	570.7
Gains and Losses on Cash Flow Hedges
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(0.3)	(3.8)
Other comprehensive loss before reclassifications	0.3	(2.7)
Amounts reclassified from accumulated other comprehensive income	0.2	4.3
Net current period other comprehensive income (loss)	0.5	1.6
Distribution of MFS		2.1
Ending balance	0.2	(0.1)
Pension & Postretirement
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(51.8)	(82.6)
Other comprehensive loss before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive income	0.6	1.2
Net current period other comprehensive income (loss)	0.6	1.2
Distribution of MFS		44.5
Ending balance	(51.2)	(36.9)
Foreign Currency Translation
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(110.8)	(121.4)
Other comprehensive loss before reclassifications	10.1	20.3
Amounts reclassified from accumulated other comprehensive income	0	0
Net current period other comprehensive income (loss)	10.1	20.3
Distribution of MFS		31
Ending balance	(100.7)	(70.1)
AOCI Attributable to Parent
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(162.9)	(207.8)
Other comprehensive loss before reclassifications	10.4	17.6
Amounts reclassified from accumulated other comprehensive income	0.8	5.5
Net current period other comprehensive income (loss)	11.2	23.1
Distribution of MFS		77.6
Ending balance	$ (151.7)	$ (107.1)

Stockholders' Equity - Reclassi

Stockholders' Equity - Reclassification out of accumulated other comprehensive income (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Cost of sales	$ (253.9)	$ (347.7)
Interest Expense	10.1	9.7
Total before tax	(34.5)	(85)
Tax expense	(1.5)	(107.7)
Net loss		(195.9)
Reclassification out of Accumulated Other Comprehensive Income
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Net of Tax	(0.8)	(5.5)
Gains and Losses on Cash Flow Hedges
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Net of Tax	(0.2)	(4.3)
Gains and Losses on Cash Flow Hedges | Reclassification out of Accumulated Other Comprehensive Income
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Total before tax	(0.2)	(5.4)
Tax expense	0	1.1
Net loss	(0.2)	(4.3)
Gains and Losses on Cash Flow Hedges | Reclassification out of Accumulated Other Comprehensive Income | Foreign exchange contracts
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Cost of sales	(0.2)
Gains and Losses on Cash Flow Hedges | Reclassification out of Accumulated Other Comprehensive Income | Commodity contracts
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Cost of sales		(1.1)
Gains and Losses on Cash Flow Hedges | Reclassification out of Accumulated Other Comprehensive Income | Interest rate swap contracts
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Interest Expense		4.3
Pension & Postretirement
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Net of Tax	(0.6)	(1.2)
Pension & Postretirement | Reclassification out of Accumulated Other Comprehensive Income
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Total before tax	(1)	(1.2)
Tax expense	0.4	0
Net of Tax	(0.6)	(1.2)
Prior Service Cost Adjustment | Reclassification out of Accumulated Other Comprehensive Income
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Prior service cost	0.3
Actuarial losses | Reclassification out of Accumulated Other Comprehensive Income
Schedule of Reclassifications out of Accumulated Comprehensive Income (Loss) [Line Items]
Total before tax	$ (1.3)	$ (1.2)

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) $ in Millions	Mar. 20, 2016	Mar. 31, 2017	Mar. 31, 2016	May 07, 2013
Stock-Based Compensation
Stock-based compensation expense (in dollars)		$ 2.2	$ 1.3
Restricted Stock Units (RSUs)
Stock-Based Compensation
Number of shares of other than options granted during the period (in shares)		1,000,000	1,300,000
Restricted Stock Units (RSUs) | Officers and Employees
Stock-Based Compensation
Expiration period of restrictions (in years)		3 years
Restricted Stock Units (RSUs) | Director
Stock-Based Compensation
Expiration period of restrictions (in years)		2 years
2013 Omnibus Plan
Stock-Based Compensation
Share-based compensation, shares authorized (in shares)				8,000,000
Additional shares authorized (in shares)	22,100,000
Performance Shares 2017 | Performance Shares
Stock-Based Compensation
Percentage of shares paid based on total shareholder return relative to peer group (as a percent)		50.00%
Percentage of shares paid based on adjusted EBITDA (as a percent)		50.00%
Performance period (in years)		3 years
Performance Shares 2017 | Performance Shares | Minimum
Stock-Based Compensation
Number of shares of other than options granted during the period (in shares)		0
Performance Shares 2017 | Performance Shares | Maximum
Stock-Based Compensation
Number of shares of other than options granted during the period (in shares)		900,000
Performance Shares 2016 | Performance Shares
Stock-Based Compensation
Percentage of shares paid based on total shareholder return relative to peer group (as a percent)			50.00%
Percentage of shares paid based on weighted average return on investment (as a percent)			50.00%
Performance period (in years)		3 years
Performance Shares 2016 | Performance Shares | Minimum
Stock-Based Compensation
Number of shares of other than options granted during the period (in shares)			0
Performance Shares 2016 | Performance Shares | Maximum
Stock-Based Compensation
Number of shares of other than options granted during the period (in shares)			1,200,000
Options Granted in 2017
Stock-Based Compensation
Number of share options granted during the period (in shares)		1,100,000
Options Granted in 2017 | Stock Options
Stock-Based Compensation
Exercisable increment (as a percent)		33.00%
Vesting period (in years)		3 years
Expiration period (in years)		10 years
Options Granted 2016
Stock-Based Compensation
Number of share options granted during the period (in shares)			1,700,000
Options Granted 2016 | Stock Options
Stock-Based Compensation
Exercisable increment (as a percent)			25.00%
Vesting period (in years)			4 years
Expiration period (in years)			10 years

Fair Value of Financial Instr63

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) - Total - Fair value measurement on recurring basis - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Financial assets and liabilities accounted for at fair value on a recurring basis
Derivatives assets, current	$ 0.1	$ 0.4
Derivative liabilities, current	0.3	1
Foreign currency exchange contracts
Financial assets and liabilities accounted for at fair value on a recurring basis
Derivatives assets, current		0.2
Derivative liabilities, current	0.3	1
Commodity contracts
Financial assets and liabilities accounted for at fair value on a recurring basis
Derivatives assets, current	0.1	0.2
Level 1
Financial assets and liabilities accounted for at fair value on a recurring basis
Derivatives assets, current	0	0
Derivative liabilities, current	0	0
Level 1 | Foreign currency exchange contracts
Financial assets and liabilities accounted for at fair value on a recurring basis
Derivatives assets, current		0
Derivative liabilities, current	0	0
Level 1 | Commodity contracts
Financial assets and liabilities accounted for at fair value on a recurring basis
Derivatives assets, current	0	0
Level 2
Financial assets and liabilities accounted for at fair value on a recurring basis
Derivatives assets, current	0.1	0.4
Derivative liabilities, current	0.3	1
Level 2 | Foreign currency exchange contracts
Financial assets and liabilities accounted for at fair value on a recurring basis
Derivatives assets, current		0.2
Derivative liabilities, current	0.3	1
Level 2 | Commodity contracts
Financial assets and liabilities accounted for at fair value on a recurring basis
Derivatives assets, current	0.1	0.2
Level 3
Financial assets and liabilities accounted for at fair value on a recurring basis
Derivatives assets, current	0	0
Derivative liabilities, current	0	0
Level 3 | Foreign currency exchange contracts
Financial assets and liabilities accounted for at fair value on a recurring basis
Derivatives assets, current		0
Derivative liabilities, current	0	0
Level 3 | Commodity contracts
Financial assets and liabilities accounted for at fair value on a recurring basis
Derivatives assets, current	$ 0	$ 0

Fair Value of Financial Instr64

Fair Value of Financial Instruments - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Senior notes 12.750% Due 2021
Financial assets and liabilities accounted for at fair value on a recurring basis
Debt instruments at fair value	$ 294.1	$ 282.2

Derivative Financial Instrume65

Derivative Financial Instruments - Narrative (Details) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Unrealized losses to be reclassified	$ (0.2)
Minimum length of time hedged	12 months
Maximum length of time hedged	24 months

Derivative Financial Instrume66

Derivative Financial Instruments - Outstanding commodity and currency forward contracts designated as hedging (Details) - Designated Hedging Instruments

3 Months Ended

12 Months Ended

Mar. 31, 2017USD ($)MMBTUT

Dec. 31, 2016USD ($)MMBTUT

Mar. 31, 2017JPY (¥)

Mar. 31, 2017KRW (₩)

Mar. 31, 2017SGD

Mar. 31, 2017EUR (€)

Mar. 31, 2017AUD

Dec. 31, 2016JPY (¥)

Dec. 31, 2016KRW (₩)

Dec. 31, 2016SGD

Dec. 31, 2016EUR (€)

Dec. 31, 2016AUD

Commodity contracts

Derivative [Line Items]

Commodity units hedged, energy | MMBTU

3,579

26,807

Commodity units hedged, mass | T

1,945

3,190

Foreign currency exchange contracts | Australian Dollar

Derivative [Line Items]

Currency units hedged | AUD

AUD 1,380,374

AUD 611,143

Foreign currency exchange contracts | European Euro

Derivative [Line Items]

Currency units hedged | €

€ 4,609,005

€ 9,834,120

Foreign currency exchange contracts | South Korean Won

Derivative [Line Items]

Currency units hedged | ₩

₩ 83,579,000

₩ 218,408,100

Foreign currency exchange contracts | Singapore Dollar

Derivative [Line Items]

Currency units hedged | SGD

SGD 300,000

SGD 900,000

Foreign currency exchange contracts | United States Dollar

Derivative [Line Items]

Currency units hedged | $

$ 0

$ 2,311,697

Foreign currency exchange contracts | Japanese Yen

Derivative [Line Items]

Currency units hedged | ¥

¥ 43,867,400

¥ 65,502,800

Derivative Financial Instrume67

Derivative Financial Instruments - Outstanding commodity and currency forward contracts not designated as hedging (Details) - Derivatives NOT designated as hedging instruments - Foreign currency exchange contracts	Mar. 31, 2017USD ($)	Mar. 31, 2017EUR (€)	Dec. 31, 2016USD ($)	Dec. 31, 2016EUR (€)
European Euro
Derivative [Line Items]
Notional amount | €		€ 4,929,005		€ 10,502,111
United States Dollar
Derivative [Line Items]
Notional amount | $	$ 5,550,000		$ 15,318,000

Derivative Financial Instrume68

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	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Derivative [Line Items]
Asset derivatives	$ 0.1	$ 0.4
Designated Hedging Instruments
Derivative [Line Items]
Asset derivatives	0.1	0.3
Derivatives NOT designated as hedging instruments
Derivative [Line Items]
Asset derivatives	0	0.1
Other current assets | Designated Hedging Instruments | Foreign exchange contracts
Derivative [Line Items]
Asset derivatives	0		$ 0.1
Other current assets | Designated Hedging Instruments | Commodity contracts
Derivative [Line Items]
Asset derivatives	0.1	$ 0.2
Other current assets | Derivatives NOT designated as hedging instruments | Foreign exchange contracts
Derivative [Line Items]
Asset derivatives	$ 0		$ 0.1

Derivative Financial Instrume69

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	Mar. 31, 2017	Dec. 31, 2016	Mar. 31, 2016
Derivative [Line Items]
Liability derivatives	$ 0.3	$ 1
Derivatives NOT designated as hedging instruments
Derivative [Line Items]
Liability derivatives	0	0.1
Designated Hedging Instruments
Derivative [Line Items]
Liability derivatives	0.3	$ 0.9
Foreign exchange contracts | Accounts Payable and Accrued Liabilities | Derivatives NOT designated as hedging instruments
Derivative [Line Items]
Liability derivatives	0		$ 0.1
Foreign exchange contracts | Accounts Payable and Accrued Liabilities | Designated Hedging Instruments
Derivative [Line Items]
Liability derivatives	$ 0.3		$ 0.9

Contingencies and Significant70

Contingencies and Significant Estimates (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Product liability reserves
Warranty claims reserves	$ 26,600,000	$ 28,600,000	$ 32,400,000
Standard product warranty, low end of range (in months)	12 months
Standard product warranty, high end of range (in months)	60 months
Period over which product liability self-insurance retention levels have fluctuated (in years)	10 years
Product liability reserves	$ 23,700,000	$ 21,700,000
Maximum
Product liability reserves
Product liability self-insurance maximum retention level for new occurrence	$ 2,000,000

Contingencies and Significant71

Contingencies and Significant Estimates - Summary of Warranty Activity (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Warranty activity
Balance at beginning of period	$ 28.6	$ 32.4
Accruals for warranties issued during the period	6.5	20.4
Settlements made (in cash or in kind) during the period	(8.7)	(23.7)
Currency translation	0.2	(0.5)
Balance at end of period	$ 26.6	$ 28.6

Guarantees (Details)

Guarantees (Details) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Guarantees [Abstract]
Deferred revenue included in other current and non-current liabilities	$ 28.9	$ 30.4
Amount of residual value guarantees and buyback commitments given by the company	$ 27.2	$ 32.8

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
U.S. Pension Plans
Components of periodic benefit costs
Service cost - benefits earned during the period	$ 0	$ 0
Interest cost of projected benefit obligations	1.3	2.2
Expected return on plan assets	(1.2)	(1.7)
Amortization of prior service cost	0
Amortization of actuarial net loss	0.8	1.1
Net periodic benefit cost	0.9	1.6
Net periodic benefit costs associated with MFS		0.4
U.S. Pension Plans | Continuing Operations
Components of periodic benefit costs
Net periodic benefit cost		1.2
Non-U.S. Pension Plans
Components of periodic benefit costs
Service cost - benefits earned during the period	0.4	0.5
Interest cost of projected benefit obligations	0.6	1.6
Expected return on plan assets	(0.4)	(1.2)
Amortization of prior service cost	0
Amortization of actuarial net loss	0.4	0.4
Net periodic benefit cost	1	1.3
Net periodic benefit costs associated with MFS		0.4
Non-U.S. Pension Plans | Continuing Operations
Components of periodic benefit costs
Net periodic benefit cost		0.9
Postretirement Health and Other Plans
Components of periodic benefit costs
Service cost - benefits earned during the period	0.1	0.1
Interest cost of projected benefit obligations	0.2	0.5
Expected return on plan assets	0	0
Amortization of prior service cost	(0.3)
Amortization of actuarial net loss	0.1	0
Net periodic benefit cost	$ 0.1	0.6
Net periodic benefit costs associated with MFS		0.1
Postretirement Health and Other Plans | Continuing Operations
Components of periodic benefit costs
Net periodic benefit cost		$ 0.5

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring Expenses	$ 11,700,000	$ 4,400,000
Closure of Manitowoc, WI Facility
Restructuring Cost and Reserve [Line Items]
Non-cash restructuring charges	17,000,000
Employee Severance | Closure of Manitowoc, WI Facility
Restructuring Cost and Reserve [Line Items]
Restructuring Expenses	2,100,000
Capital Expenditures | Closure of Manitowoc, WI Facility
Restructuring Cost and Reserve [Line Items]
Restructuring Expenses	4,400,000
Other Restructuring | Closure of Manitowoc, WI Facility
Restructuring Cost and Reserve [Line Items]
Restructuring Expenses	9,500,000
Minimum | Closure of Manitowoc, WI Facility
Restructuring Cost and Reserve [Line Items]
Expected non-cash restructuring charges	15,000,000
Minimum | Employee Severance | Closure of Manitowoc, WI Facility
Restructuring Cost and Reserve [Line Items]
Expected restructuring charges	7,000,000
Minimum | Capital Expenditures | Closure of Manitowoc, WI Facility
Restructuring Cost and Reserve [Line Items]
Expected restructuring charges	10,000,000
Minimum | Other Restructuring | Closure of Manitowoc, WI Facility
Restructuring Cost and Reserve [Line Items]
Expected restructuring charges	15,000,000
Maximum | Closure of Manitowoc, WI Facility
Restructuring Cost and Reserve [Line Items]
Expected non-cash restructuring charges	20,000,000
Maximum | Employee Severance | Closure of Manitowoc, WI Facility
Restructuring Cost and Reserve [Line Items]
Expected restructuring charges	10,000,000
Maximum | Capital Expenditures | Closure of Manitowoc, WI Facility
Restructuring Cost and Reserve [Line Items]
Expected restructuring charges	12,000,000
Maximum | Other Restructuring | Closure of Manitowoc, WI Facility
Restructuring Cost and Reserve [Line Items]
Expected restructuring charges	$ 20,000,000

Restructuring - Rollforward of

Restructuring - Rollforward of all restructuring activities (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Rollforward of all restructuring activities
Restructuring reserve balance, at the beginning of the period	$ 8.2
Restructuring Expenses	11.7	$ 4.4
Cash Use of Reserve	10.3
Non-Cash Use of Reserve	(4.7)
Restructuring reserve balance, at the end of the period	$ 4.9