Terex (TEX) 10-Q 30 Jul 15 2015 Q2 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares shares in Millions	6 Months Ended
	Jun. 30, 2015	Jul. 27, 2015
Entity Information [Line Items]
Entity Registrant Name	TEREX CORP
Entity Central Index Key	97,216
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		108.5

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($) shares in Millions, $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net sales	$ 1,828.5		$ 2,055.1	$ 3,324.1	$ 3,709.7
Cost of goods sold	(1,444.3)		(1,631.3)	(2,663.3)	(2,952.5)
Gross profit	384.2		423.8	660.8	757.2
Selling, general and administrative expenses	(235.9)		(262.9)	(468.3)	(521.3)
Income (loss) from operations	148.3		160.9	192.5	235.9
Other income (expense)
Interest income	1		1.2	2	2.5
Interest expense	(27)		(31.7)	(55.2)	(62.1)
Other income (expense) – net	(3)		(2)	(9.9)	(4.9)
Income (loss) from continuing operations before income taxes	119.3		128.4	129.4	171.4
(Provision for) benefit from income taxes	(33)		(40)	(44.6)	(51.5)
Income (loss) from continuing operations	86.3		88.4	84.8	119.9
Income (loss) from discontinued operations – net of tax	0		0.5	0	1.4
Gain (loss) on disposition of discontinued operations – net of tax	(0.4)		51.5	2.7	53
Net income (loss)	85.9		140.4	87.5	174.3
Net loss (income) attributable to noncontrolling interest	(1.1)		(0.6)	(1.7)	0.5
Net income (loss) attributable to Terex Corporation	84.8		139.8	85.8	174.8
Amounts attributable to Terex Corporation common stockholders:
Income (loss) from continuing operations	85.2		87.8	83.1	120.4
Income (loss) from discontinued operations – net of tax	0		0.5	0	1.4
Gain (loss) on disposition of discontinued operations – net of tax	(0.4)		51.5	2.7	53
Net income (loss) attributable to Terex Corporation	$ 84.8		$ 139.8	$ 85.8	$ 174.8
Basic Earnings (Loss) per Share Attributable to Terex Corporation Common Stockholders:
Income (loss) from continuing operations (in dollars per share)	$ 0.80		$ 0.80	$ 0.78	$ 1.09
Income (loss) from discontinued operations - net of tax (in dollars per share)	0		0	0	0.01
Gain (loss) on disposition of discontinued operations - net of tax (in dollars per share)	0		0.47	0.03	0.48
Net income (loss) attributable to Terex Corporation (in dollars per share)	0.80		1.27	0.81	1.58
Diluted Earnings (Loss) per Share Attributable to Terex Corporation Common Stockholders:
Income (loss) from continuing operations (in dollars per share)	0.78		0.76	0.76	1.03
Income (loss) from discontinued operations - net of tax (in dollars per share)	0		0	0	0.01
Gain (loss) on disposition of discontinued operations - net of tax (in dollars per share)	0		0.45	0.02	0.46
Net income (loss) attributable to Terex Corporation (in dollars per share)	$ 0.78		$ 1.21	$ 0.78	$ 1.50
Weighted average number of shares outstanding in per share calculation
Basic (in shares)	106.2		110.3	106.2	110.5
Diluted (in shares)	109		115.8	109.9	116.4
Comprehensive Income (Loss), Net of Tax	$ 166.8		$ 165.2	$ (31.4)	$ 215.4
Comprehensive loss (income), Net of Tax, Attributable to Noncontrolling Interest	(1.1)		(0.4)	(1.7)	0.9
Comprehensive income (loss) attributable to Terex Corporation	$ 165.7		$ 164.8	$ (33.1)	$ 216.3
Dividends declared per common share	$ 0.06	$ 0.06	$ 0.05	$ 0.12	$ 0.10

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Current assets
Cash and cash equivalents	$ 332.7	$ 478.2
Trade receivables (net of allowance of $26.9 and $30.5 at June 30, 2015 and December 31, 2014, respectively)	1,252.5	1,086.4
Inventories	1,564.2	1,460.9
Prepaid assets	260.1	248
Other current assets	74.8	82.7
Total current assets	3,484.3	3,356.2
Non-current assets
Property, plant and equipment – net	680.6	690.3
Goodwill	1,073.7	1,131
Intangible assets – net	293.6	325.4
Other assets	474.7	425.1
Total assets	6,006.9	5,928
Current liabilities
Notes payable and current portion of long-term debt	72.6	152.5
Trade accounts payable	814.4	736.1
Accrued compensation and benefits	208	204
Accrued warranties and product liability	67.8	74.2
Customer advances	196.4	197.4
Other current liabilities	311	278.9
Total current liabilities	1,670.2	1,643.1
Non-current liabilities
Long-term debt, less current portion	1,834	1,636.3
Retirement plans	402.7	432.5
Other non-current liabilities	150.4	177
Total liabilities	$ 4,057.3	$ 3,888.9
Commitments and contingencies
Stockholders’ equity
Common stock, $.01 par value – authorized 300.0 shares; issued 128.8 and 124.6 shares at June 30, 2015 and December 31, 2014, respectively	$ 1.3	$ 1.2
Additional paid-in capital	1,256.6	1,251.5
Retained earnings	2,057.6	1,984.9
Accumulated other comprehensive income (loss)	(548.7)	(429.8)
Less cost of shares of common stock in treasury – 21.1 and 19.2 shares at June 30, 2015 and December 31, 2014, respectively	(851.8)	(801.9)
Total Terex Corporation stockholders’ equity	1,915	2,005.9
Noncontrolling interest	34.6	33.2
Total stockholders’ equity	1,949.6	2,039.1
Total liabilities and stockholders’ equity	$ 6,006.9	$ 5,928

CONSOLIDATED BALANCE SHEET Pare

CONSOLIDATED BALANCE SHEET Parenthetical - USD ($) shares in Millions, $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Current assets
Trade receivables, allowance (in dollars)	$ 26.9	$ 30.5
Stockholders’ equity
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized shares	300	300
Common stock, issued shares	128.8	124.6
Treasury stock, shares	21.1	19.2

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - Entity [Domain] - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating Activities
Net income (loss)	$ 87.5	$ 174.3
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	68.9	80
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax	(2.7)	(53)
Deferred Taxes	(3.9)	(18.5)
Stock-based compensation expense	21.8	26.2
Changes in operating assets and liabilities (net of effects of acquisitions and divestitures):
Trade receivables	(196.9)	(183.6)
Inventories	(125.2)	(162.4)
Trade accounts payable	98.2	108.2
Customer advances	(0.9)	33.7
Other assets and liabilities	(63)	(4.2)
Other operating activities, net	31.4	23.8
Net Cash Provided by (Used in) Operating Activities	(84.8)	24.5
Investing Activities
Capital expenditures	(48.7)	(37.3)
Payments to Acquire Businesses, Net of Cash Acquired	(59.8)	(7.4)
Proceeds from Divestiture of Businesses, Net of Cash Divested	0.7	162.2
Other investing activities, net	0.6	2.6
Net Cash Provided by (Used in) Investing Activities	(107.2)	120.1
Financing Activities
Repayments of debt	(702.9)	(637.3)
Proceeds from issuance of debt	835.7	580.3
Purchase of noncontrolling interest	0	(73.4)
Share repurchases	(50.3)	(54.9)
Dividends paid	(12.8)	(11)
Other financing activities, net	(1.1)	7.2
Net Cash Provided by (Used in) Financing Activities	68.6	(189.1)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(22.1)	0.7
Net Increase (Decrease) in Cash and Cash Equivalents	(145.5)	(43.8)
Cash and Cash Equivalents at Beginning of Period	478.2	408.1
Cash and Cash Equivalents at End of Period	$ 332.7	$ 364.3

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Basis of Presentation. The accompanying unaudited Condensed Consolidated Financial Statements of Terex Corporation and subsidiaries as of June 30, 2015 and for the three and six months ended June 30, 2015 and 2014 have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America to be included in full-year financial statements. The accompanying Condensed Consolidated Balance Sheet as of December 31, 2014 has been derived from and should be read in conjunction with the audited Consolidated Balance Sheet as of that date. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 . The Condensed Consolidated Financial Statements include the accounts of Terex Corporation, its majority-owned subsidiaries and other controlled subsidiaries (“Terex” or the “Company”). The Company consolidates all majority-owned and controlled subsidiaries, applies the equity method of accounting for investments in which the Company is able to exercise significant influence, and applies the cost method for all other investments. All material intercompany balances, transactions and profits have been eliminated. In the opinion of management, all adjustments considered necessary for fair statement of these interim financial statements have been made. Except as otherwise disclosed, all such adjustments consist only of those of a normal recurring nature. Operating results for the three and six months ended June 30, 2015 are not necessarily indicative of results that may be expected for the year ending December 31, 2015 . Cash and cash equivalents at June 30, 2015 and December 31, 2014 include $20.8 million and $13.5 million , respectively, which were not immediately available for use. These consist primarily of cash balances held in escrow to secure various obligations of the Company. Recent Accounting Pronouncements. In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity,” (“ASU 2014-08”). Under ASU 2014-08, only disposals representing a strategic shift in operations that have a major effect on the Company’s operations and financial results should be presented as discontinued operations. Additionally, ASU 2014-08 requires expanded disclosures about discontinued operations that will provide financial statement users with more information about the assets, liabilities, income, and expenses of discontinued operations. The amendments in ASU 2014-08 were effective for fiscal years, and interim periods within those years, beginning after December 15, 2014. The effects of ASU 2014-08 will depend on any future disposals by the Company. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers,” (“ASU 2014-09”). ASU 2014-09 outlines a new, single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. This new revenue recognition model provides a five-step analysis in determining when and how revenue is recognized. The new model will require revenue recognition to depict the transfer of promised goods or services to customers in an amount that reflects the consideration a company expects to receive in exchange for those goods or services. ASU 2014-09 is effective for reporting periods beginning after December 15, 2017. Early adoption is permitted for reporting periods beginning after December 15, 2016. The Company is evaluating the impact that adoption of this guidance will have on the determination or reporting of its financial results. In June 2014, the FASB issued ASU 2014-12, “Accounting for Share-Based Payments When the Terms of an Award Provide that a Performance Target Could be Achieved after the Requisite Service Period,” (“ASU 2014-12”). ASU 2014-12 requires that a performance target that affects vesting, and that could be achieved after the requisite service period, be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant date fair value of the award. ASU 2014-12 is effective for reporting periods beginning after December 15, 2015. Early adoption is permitted. Adoption of this guidance is not expected to have a significant impact on the determination or reporting of the Company’s financial results. In August 2014, the FASB issued ASU 2014-15, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” (“ASU 2014-15”). ASU 2014-15 requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern for a one year period subsequent to the date of the financial statements. An entity must provide certain disclosures if conditions or events raise substantial doubt about the entity’s ability to continue as a going concern. The guidance is effective for all entities for the first annual period ending after December 15, 2016 and interim periods thereafter, with early adoption permitted. Adoption of this guidance is not expected to have any impact on the determination or reporting of the Company’s financial results. In April 2015, the FASB issued ASU 2015-03, “Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs,” (“ASU 2015-03”). ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The guidance is effective for reporting periods beginning after December 15, 2015 and interim periods within those fiscal years with early adoption permitted. ASU 2015-03 should be applied on a retrospective basis, wherein the balance sheet of each period presented should be adjusted to reflect the effects of adoption. Adoption of this guidance is not expected to have a significant impact on the determination or reporting of the Company’s financial results. In May 2015, the FASB issued ASU 2015-07, “Fair Value Measurement (Topic 820), Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent),” (“ASU 2015-17”). ASU 2015-07 removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient. Further, the amendments remove the requirement to make certain disclosures for all investments that are eligible to be measured at fair value using the net asset value per share practical expedient.The guidance is effective for reporting periods beginning after December 15, 2015 and interim periods within those years with early adoption permitted. Adoption of this guidance is not expected to have a significant impact on the determination or reporting of the Company’s financial results. In July 2015, the FASB issued ASU 2015-11, “Simplifying the Measurement of Inventory,” (“ASU 2015-11”). ASU 2015-11 requires inventory be measured at the lower of cost and net realizable value and options that currently exist for market value be eliminated. ASU 2015-11 defines net realizable value as estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The guidance is effective for reporting periods beginning after December 15, 2016 and interim periods within those fiscal years with early adoption permitted. ASU 2015-11 should be applied prospectively. The Company is evaluating the impact adoption of this guidance will have on determination or reporting of its financial results. Accrued Warranties . The Company records accruals for potential warranty claims based on its claim experience. The Company’s products are typically sold with a standard warranty covering defects that arise during a fixed period. Each business provides a warranty specific to the products it offers. The specific warranty offered by a business is a function of customer expectations and competitive forces. Warranty length is generally a fixed period of time, a fixed number of operating hours, or both. A liability for estimated warranty claims is accrued at the time of sale. The non-current portion of the warranty accrual is included in Other non-current liabilities in the Company’s Condensed Consolidated Balance Sheet. The liability is established using historical warranty claim experience for each product sold. Historical claim experience may be adjusted for known design improvements or for the impact of unusual product quality issues. Warranty reserves are reviewed quarterly to ensure critical assumptions are updated for known events that may affect the potential warranty liability. The following table summarizes the changes in the consolidated product warranty liability (in millions): Six Months Ended June 30, 2015 Balance at beginning of period $ 86.5 Accruals for warranties issued during the period 34.4 Changes in estimates (1.4 ) Settlements during the period (39.6 ) Foreign exchange effect/other (3.0 ) Balance at end of period $ 76.9 Fair Value Measurements. Assets and liabilities measured at fair value on a recurring basis under the provisions of Accounting Standards Codification (“ASC”) 820, “Fair Value Measurement and Disclosure” (“ASC 820”) include interest rate swaps and foreign currency forward contracts discussed in Note I – “Derivative Financial Instruments.” These contracts are valued using a market approach, which uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. ASC 820 establishes a fair value hierarchy for those instruments measured at fair value that distinguishes between assumptions based on market data (observable inputs) and the Company’s assumptions (unobservable inputs). The hierarchy consists of three levels: Level 1 – Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2 – Quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability; and Level 3 – Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity). Determining which category an asset or liability falls within this hierarchy requires judgment. The Company evaluates its hierarchy disclosures each quarter.

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
BUSINESS SEGMENT INFORMATION	BUSINESS SEGMENT INFORMATION Terex is a lifting and material handling solutions company. The Company is focused on operational improvement and delivering reliable, customer-driven solutions for a wide range of commercial applications, including the construction, infrastructure, quarrying, mining, manufacturing, transportation, energy and utility industries. The Company operates in five reportable segments: (i) Aerial Work Platforms (“AWP”); (ii) Construction; (iii) Cranes; (iv) Material Handling & Port Solutions (“MHPS”); and (v) Materials Processing (“MP”). The AWP segment designs, manufactures, services and markets aerial work platform equipment, telehandlers and light towers. Customers use these products to construct and maintain industrial, commercial and residential buildings and facilities and for other commercial operations, as well as in a wide range of infrastructure projects. The Construction segment designs, manufactures and markets compact construction and specialty equipment, as well as their related replacement parts and components. Customers use these products in construction and infrastructure projects, in building roads, bridges, residential and commercial buildings, industrial sites and for material handling applications. On May 30, 2014, the Company sold its truck business, which was consolidated in the Construction segment, to Volvo Construction Equipment for $160 million . The truck business manufactured and sold off-highway rigid and articulated haul trucks. Included in the transaction was the manufacturing facility in Motherwell, Scotland. As a result, the reporting of the truck business has been included in discontinued operations for all periods presented. The Cranes segment designs, manufactures, services, refurbishes and markets mobile telescopic cranes, tower cranes, lattice boom crawler cranes, lattice boom truck cranes, truck-mounted cranes (boom trucks) and utility equipment, as well as their related components and replacement parts. Customers use these products primarily for infrastructure projects, including mining and energy related projects as well as for construction, repair and maintenance of commercial buildings, manufacturing facilities, construction and maintenance of utility and telecommunication lines, tree trimming and certain construction and foundation drilling applications. The segment also provides service and support for industrial cranes and aerial products in North America. The MHPS segment designs, manufactures, services and markets industrial cranes, including universal cranes, process cranes, rope and chain hoists, electric motors, light crane systems and crane components as well as a diverse portfolio of port and rail equipment including mobile harbor cranes, straddle and sprinter carriers, rubber tired gantry cranes, rail mounted gantry cranes, ship-to-shore gantry cranes, reach stackers, empty container handlers, full container handlers, general cargo lift trucks, automated stacking cranes, automated guided vehicles and terminal automation technology, including software, as well as their related components and replacement parts. Customers use these products for lifting and material handling at manufacturing, port and rail facilities. The segment operates an extensive global sales and service network. The MP segment designs, manufactures and markets materials processing equipment, including crushers, washing systems, screens, apron feeders, biomass, forestry and hand-fed chippers and their related replacement parts and components. Customers use these products in construction, infrastructure and recycling projects, in various quarrying and mining applications, as well as in landscaping and biomass production industries. The Company assists customers in their rental, leasing and acquisition of its products through Terex Financial Services (“TFS”). TFS uses its equipment financing experience to provide financing solutions to customers who purchase the Company’s equipment. Business segment information is presented below (in millions): Three Months Ended Six Months Ended 2015 2014 2015 2014 Net Sales AWP $ 677.1 $ 717.9 $ 1,184.3 $ 1,302.8 Construction 183.7 227.2 337.6 422.9 Cranes 463.8 503.5 850.7 897.1 MHPS 367.2 431.4 689.1 799.6 MP 167.8 183.1 313.5 333.1 Corporate and Other / Eliminations (31.1 ) (8.0 ) (51.1 ) (45.8 ) Total $ 1,828.5 $ 2,055.1 $ 3,324.1 $ 3,709.7 Income (loss) from Operations AWP $ 103.9 $ 113.5 $ 147.2 $ 195.7 Construction 0.7 4.0 (3.8 ) (1.0 ) Cranes 22.6 29.7 26.2 29.5 MHPS 1.3 2.7 (3.0 ) (3.6 ) MP 22.0 22.8 32.7 33.7 Corporate and Other / Eliminations (2.2 ) (11.8 ) (6.8 ) (18.4 ) Total $ 148.3 $ 160.9 $ 192.5 $ 235.9 June 30, December 31, Identifiable Assets AWP $ 1,967.6 $ 1,143.5 Construction 1,187.3 1,246.0 Cranes 1,917.5 1,959.7 MHPS 2,597.7 2,744.0 MP 912.3 813.6 Corporate and Other / Eliminations (2,575.5 ) (1,978.8 ) Total $ 6,006.9 $ 5,928.0

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES During the three months ended June 30, 2015 , the Company recognized income tax expense of $33.0 million on income of $119.3 million , an effective tax rate of 27.7% as compared to income tax expense of $40.0 million on income of $128.4 million , an effective tax rate of 31.2% , for three months ended June 30, 2014 . The lower effective tax rate for the three months ended June 30, 2015 was primarily due to geographic mix of earnings when compared to the three months ended June 30, 2014 . During the six months ended June 30, 2015 , the Company recognized income tax expense of $44.6 million on income of $129.4 million , an effective tax rate of 34.5% as compared to income tax expense of $51.5 million on income of $171.4 million , an effective tax rate of 30.0% , for six months ended June 30, 2014 . The higher effective tax rate for the six months ended June 30, 2015 was primarily due to increased losses not benefitted combined with lower profit before tax when compared to the six months ended June 30, 2014 .

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	6 Months Ended
	Jun. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONS On May 30, 2014, the Company sold its truck business, which was consolidated in the Construction segment, to Volvo Construction Equipment for approximately $160 million . The truck business manufactured and sold off-highway rigid and articulated haul trucks. Included in the transaction was the manufacturing facility in Motherwell, Scotland. Due to this divestiture, reporting of the truck business has been included in discontinued operations for all periods presented. Cash flows from the Company’s discontinued operations are included in the Condensed Consolidated Statement of Cash Flows. The following amounts related to the discontinued operations were derived from historical financial information and have been segregated from continuing operations and reported as discontinued operations in the Condensed Consolidated Statement of Comprehensive Income (in millions): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Net sales $ — $ 49.4 $ — $ 94.8 Income (loss) from discontinued operations before income taxes $ — $ 0.8 $ — $ 1.7 (Provision for) benefit from income taxes — (0.3 ) — (0.3 ) Income (loss) from discontinued operations – net of tax $ — $ 0.5 $ — $ 1.4 Gain (loss) on disposition of discontinued operations $ (0.4 ) $ 65.7 $ 3.2 $ 67.5 (Provision for) benefit from income taxes — (14.2 ) (0.5 ) (14.5 ) Gain (loss) on disposition of discontinued operations – net of tax $ (0.4 ) $ 51.5 $ 2.7 $ 53.0 During the six months ended June 30, 2015 and 2014 the Company recorded a gain of $2.8 million and $1.5 million , respectively, related to the sale of its Atlas heavy construction equipment and knuckle-boom cranes businesses based on contractually obligated earnings based payments from the purchaser. During the three and six months ended June 30, 2014 the Company recorded a gain of $51.5 million related to the sale of its truck business.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE (in millions, except per share data) Three Months Ended Six Months Ended 2015 2014 2015 2014 Income (loss) from continuing operations attributable to Terex Corporation common stockholders $ 85.2 $ 87.8 $ 83.1 $ 120.4 Income (loss) from discontinued operations–net of tax — 0.5 — 1.4 Gain (loss) on disposition of discontinued operations–net of tax (0.4 ) 51.5 2.7 53.0 Net income (loss) attributable to Terex Corporation $ 84.8 $ 139.8 $ 85.8 $ 174.8 Basic shares: Weighted average shares outstanding 106.2 110.3 106.2 110.5 Earnings per share – basic: Income (loss) from continuing operations $ 0.80 $ 0.80 $ 0.78 $ 1.09 Income (loss) from discontinued operations–net of tax — — — 0.01 Gain (loss) on disposition of discontinued operations–net of tax — 0.47 0.03 0.48 Net income (loss) attributable to Terex Corporation $ 0.80 $ 1.27 $ 0.81 $ 1.58 Diluted shares: Weighted average shares outstanding 106.2 110.3 106.2 110.5 Effect of dilutive securities: Stock options, restricted stock awards and convertible notes 2.8 5.5 3.7 5.9 Diluted weighted average shares outstanding 109.0 115.8 109.9 116.4 Earnings per share – diluted: Income (loss) from continuing operations $ 0.78 $ 0.76 $ 0.76 $ 1.03 Income (loss) from discontinued operations–net of tax — — — 0.01 Gain (loss) on disposition of discontinued operations–net of tax — 0.45 0.02 0.46 Net income (loss) attributable to Terex Corporation $ 0.78 $ 1.21 $ 0.78 $ 1.50 The following table provides information to reconcile amounts reported on the Condensed Consolidated Statement of Comprehensive Income to amounts used to calculate earnings per share attributable to Terex Corporation common stockholders (in millions): Reconciliation of Amounts Attributable to Common Stockholders Three Months Ended Six Months Ended 2015 2014 2015 2014 Income (loss) from continuing operations $ 86.3 $ 88.4 $ 84.8 $ 119.9 Noncontrolling interest (income) loss attributed to continuing operations (1.1 ) (0.6 ) (1.7 ) 0.5 Income (loss) from continuing operations attributable to common stockholders $ 85.2 $ 87.8 $ 83.1 $ 120.4 Weighted average options to purchase 0.1 million of the Company’s common stock, par value $0.01 per share (“Common Stock”), were outstanding during the three and six months ended June 30, 2015 and 2014 , but were not included in the computation of diluted shares as the effect would be anti-dilutive. Weighted average restricted stock awards of 0.8 million and 0.9 million were outstanding during the three and six months ended June 30, 2015 , respectively, but were not included in the computation of diluted shares because the effect would be anti-dilutive or performance targets were not yet achieved for awards contingent upon performance. Weighted average restricted stock awards of 0.3 million were outstanding during the three and six months ended June 30, 2014 , but were not included in the computation of diluted shares because the effect would be anti-dilutive or performance targets were not yet achieved for awards contingent upon performance. ASC 260, “Earnings per Share,” requires that employee stock options and non-vested restricted shares granted by the Company be treated as potential common shares outstanding in computing diluted earnings per share. Under the treasury stock method, the amount the employee must pay for exercising stock options, the amount of compensation cost for future services that the Company has not yet recognized and the amount of tax benefits that would be recorded in additional paid-in capital when the award becomes deductible are assumed to be used to repurchase shares. The Company includes the impact of pro forma deferred tax assets in determining the amount of tax benefits for potential windfalls and shortfalls (the differences between tax deductions and book expense) in this calculation. In connection with settlement of the 4% Convertible Senior Subordinated Notes due 2015 (the “4% Convertible Notes”) the Company issued 3.4 million shares of common stock in June 2015. See Note K – “Long-Term Obligations.” Included in the computation of diluted shares for the three and six months ended June 30, 2015 were 2.3 million and 2.8 million shares, respectively, that were contingently issuable prior to conversion. The number of shares that were contingently issuable for the three and six months ended June 30, 2014 was 4.7 million .

INVENTORIES

INVENTORIES	6 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories consist of the following (in millions): June 30, December 31, Finished equipment $ 539.4 $ 425.7 Replacement parts 176.1 170.5 Work-in-process 445.1 454.2 Raw materials and supplies 403.6 410.5 Inventories $ 1,564.2 $ 1,460.9 Reserves for lower of cost or market value, excess and obsolete inventory were $106.1 million and $116.3 million at June 30, 2015 and December 31, 2014 , respectively.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment – net consist of the following (in millions): June 30, December 31, Property $ 98.4 $ 104.3 Plant 352.8 359.5 Equipment 729.4 699.5 Property, plant and equipment – gross 1,180.6 1,163.3 Less: Accumulated depreciation (500.0 ) (473.0 ) Property, plant and equipment – net $ 680.6 $ 690.3

GOODWILL AND INTANGIBLE ASSETS,

GOODWILL AND INTANGIBLE ASSETS, NET	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	GOODWILL AND INTANGIBLE ASSETS, NET An analysis of changes in the Company’s goodwill by business segment is as follows (in millions): AWP Construction Cranes MHPS MP Total Balance at December 31, 2014, gross $ 138.5 $ 132.8 $ 217.6 $ 642.8 $ 198.1 $ 1,329.8 Accumulated impairment (38.6 ) (132.8 ) (4.2 ) — (23.2 ) (198.8 ) Balance at December 31, 2014, net 99.9 — 213.4 642.8 174.9 1,131.0 Acquisitions — — — — 12.5 12.5 Foreign exchange effect and other (0.9 ) — (10.8 ) (59.2 ) 1.1 (69.8 ) Balance at June 30, 2015, gross 137.6 132.8 206.8 583.6 211.7 1,272.5 Accumulated impairment (38.6 ) (132.8 ) (4.2 ) — (23.2 ) (198.8 ) Balance at June 30, 2015, net $ 99.0 $ — $ 202.6 $ 583.6 $ 188.5 $ 1,073.7 Due to uncertainty and short-term volatility in the materials processing market, the Company reviewed the MP reporting unit at June 30, 2015 to determine if the results would be significantly different from its annual test conducted on October 1, 2014. The MP reporting unit’s fair value exceeded its carrying value by approximately 20% . The Company did not find evidence of impairment at June 30, 2015, but will continue to monitor the performance of the MP reporting unit and update the test as circumstances warrant. If the MP reporting unit is unable to achieve its projected cash flows, the outcome of any prospective test may result in the Company recording goodwill impairment charges in future periods. The amount of goodwill in the MP reporting unit was $188.5 million as of June 30, 2015. Intangible assets, net were comprised of the following as of June 30, 2015 and December 31, 2014 (in millions): June 30, 2015 December 31, 2014 Weighted Average Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Definite-lived intangible assets: Technology 6 $ 54.6 $ (38.8 ) $ 15.8 $ 58.8 $ (38.4 ) $ 20.4 Customer Relationships 16 233.4 (80.5 ) 152.9 251.9 (78.4 ) 173.5 Land Use Rights 57 18.0 (2.0 ) 16.0 18.0 (1.8 ) 16.2 Other 7 47.8 (39.2 ) 8.6 44.6 (38.2 ) 6.4 Total definite-lived intangible assets $ 353.8 $ (160.5 ) $ 193.3 $ 373.3 $ (156.8 ) $ 216.5 Indefinite-lived intangible assets: Tradenames $ 100.3 $ 108.9 Total indefinite-lived intangible assets $ 100.3 $ 108.9 Three Months Ended Six Months Ended (in millions) 2015 2014 2015 2014 Aggregate Amortization Expense $ 6.0 $ 9.8 $ 12.3 19.5 Estimated aggregate intangible asset amortization expense (in millions) for each of the five years below is: 2015 $ 26.0 2016 $ 24.1 2017 $ 19.7 2018 $ 15.1 2019 $ 14.8

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTS In the normal course of business, the Company enters into two types of derivatives to hedge its interest rate exposure and foreign currency exposure: hedges of fair value exposures and hedges of cash flow exposures. Fair value exposures relate to recognized assets or liabilities and firm commitments, while cash flow exposures relate to the variability of future cash flows associated with recognized assets or liabilities or forecasted transactions. The Company operates internationally, with manufacturing and sales facilities in various locations around the world, and uses certain financial instruments to manage its foreign currency, interest rate and fair value exposures. To qualify a derivative as a hedge at inception and throughout the hedge period, the Company formally documents the nature and relationships between hedging instruments and hedged items, as well as its risk-management objectives and strategies for undertaking various hedge transactions, and the method of assessing hedge effectiveness. Additionally, for hedges of forecasted transactions, the significant characteristics and expected terms of a forecasted transaction must be specifically identified, and it must be probable that each forecasted transaction will occur. If it is deemed probable that the forecasted transaction will not occur, then the gain or loss would be recognized in current earnings. Financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged, both at inception and throughout the hedged period. The Company does not engage in trading or other speculative use of financial instruments. The Company has used and may use forward contracts and options to mitigate its exposure to changes in foreign currency exchange rates on third party and intercompany forecasted transactions. The primary currencies to which the Company is exposed are the Euro, British Pound and Australian Dollar. The effective portion of unrealized gains and losses associated with forward contracts and the intrinsic value of option contracts are deferred as a component of Accumulated other comprehensive income (“AOCI”) until the underlying hedged transactions are reported in the Company’s Condensed Consolidated Statement of Comprehensive Income. The Company has used and may use interest rate swaps to mitigate its exposure to changes in interest rates related to existing issuances of variable rate debt and changes in the fair value of fixed rate debt. Primary exposure includes movements in the London Interbank Offer Rate (“LIBOR”) and Commercial Paper rates. Changes in the fair value of derivatives designated as fair value hedges are recognized in earnings as offsets to changes in fair value of exposures being hedged. The change in fair value of derivatives designated as cash flow hedges are deferred in AOCI and are recognized in earnings as hedged transactions occur. Contracts deemed ineffective are recognized in earnings immediately. In the Condensed Consolidated Statement of Comprehensive Income, the Company records hedging activity related to debt instruments and hedging activity related to foreign currency and interest rate swaps in the accounts for which the hedged items are recorded. On the Condensed Consolidated Statement of Cash Flows, the Company records cash flows from hedging activities in the same manner as it records the underlying item being hedged. The Company is party to currency exchange forward contracts that generally mature within one year to manage its exposure to changing currency exchange rates. At June 30, 2015 , the Company had $199.7 million notional amount of currency exchange forward contracts outstanding that were initially designated as hedge contracts, most of which mature on or before June 30, 2016 . The fair market value of these contracts at June 30, 2015 was a net gain of $0.5 million . At June 30, 2015 , $146.5 million notional amount ( $0.7 million of fair value gains) of these forward contracts have been designated as, and are effective as, cash flow hedges of forecasted and specifically identified transactions. During 2015 and 2014 , the Company recorded the change in fair value for these cash flow hedges to AOCI and reclassified to earnings a portion of the deferred gain or loss from AOCI as the hedged transactions occurred and were recognized in earnings. The Company records foreign exchange contracts at fair value on a recurring basis. The foreign exchange contracts designated as hedging instruments are categorized under Level 2 of the ASC 820 hierarchy and are recorded at June 30, 2015 and December 31, 2014 as a net asset of $0.5 million and net liability of $0.4 million , respectively. See Note A – “Basis of Presentation,” for an explanation of the ASC 820 hierarchy. The fair values of these foreign exchange forward contracts are derived using quoted forward foreign exchange prices to interpolate values of outstanding trades at the reporting date based on their maturities. The Company uses forward foreign exchange contracts to mitigate its exposure to changes in foreign currency exchange rates on third party and intercompany forecasted transactions. Certain of these contracts have not been designated as hedging instruments. Changes in the fair value of these derivative financial instruments are recognized as gains or losses in Cost of goods sold or Other income (expense) – net in the Condensed Consolidated Statement of Comprehensive Income. Concurrent with the sale of part of A.S.V., Inc. to Manitex International, Inc. (“Manitex”), the Company invested in a subordinated convertible promissory note from Manitex, which included an embedded derivative, the conversion feature. At the date of issuance, the embedded derivative was measured at fair value. The derivative is marked-to-market each period with changes in fair value recorded in Other income (expense) - net in the Condensed Consolidated Statement of Comprehensive Income. During the second quarter of 2015, the Company entered into certain interest rate swap agreements to offset the variability of cash flows due to changes in the floating rate of borrowings under its Securitization Facility. See Note K – “Long-Term Obligations,” for additional information on the Securitization Facility. The interest rate swaps are designated as cash flow hedges of the changes in the cash flows of interest rate payments on debt associated with changes in floating interest rates. Changes in the fair value of these derivative financial instruments are recognized as gains or losses in Cost of goods sold in the Condensed Consolidated Statement of Comprehensive Income. The Company records these contracts at fair value on a recurring basis. At June 30, 2015 , the Company had $143.0 million notional amount of interest rate swap contracts outstanding that were initially designated as hedge contracts and scheduled to mature in May 2022. The interest rate swap contracts designated as hedging instruments are categorized under Level 2 of the ASC 820 hierarchy and are recorded at June 30, 2015 as a net liability of $0.3 million . The fair value of these contracts are derived using quoted interest rate swap prices at the reporting date based on their maturities. The following table provides the location and fair value amounts of derivative instruments designated as hedging instruments that are reported in the Condensed Consolidated Balance Sheet (in millions): Asset Derivatives Balance Sheet Account June 30, December 31, Foreign exchange contracts Other current assets $ 4.8 $ 10.1 Interest rate swap Other assets 0.6 — Total asset derivatives 5.4 10.1 Liability Derivatives Foreign exchange contracts Other current liabilities 4.3 10.5 Interest rate swap Other current liabilities 0.9 — Total liability derivatives 5.2 10.5 Total Derivatives $ 0.2 $ (0.4 ) The following table provides the location and fair value amounts of derivative instruments not designated as hedging instruments that are reported in the Condensed Consolidated Balance Sheet (in millions): Asset Derivatives Balance Sheet Account June 30, December 31, Foreign exchange contracts Other current assets $ 1.1 $ 2.2 Debt conversion feature Other assets 1.5 3.0 Total asset derivatives 2.6 5.2 Liability Derivatives Foreign exchange contracts Other current liabilities 0.9 1.0 Total liability derivatives 0.9 1.0 Total Derivatives $ 1.7 $ 4.2 The following tables provide the effect of derivative instruments that are designated as hedges in the Condensed Consolidated Statement of Comprehensive Income and AOCI (in millions): Gain (Loss) Recognized in AOCI on Derivatives: Three Months Ended Six Months Ended Cash Flow Derivatives 2015 2014 2015 2014 Foreign exchange contracts $ 0.9 $ 0.5 $ 1.2 $ (2.2 ) Interest rate swap (0.1 ) — (0.1 ) — Total $ 0.8 $ 0.5 $ 1.1 $ (2.2 ) (Loss) Gain Reclassified from AOCI into Income (Effective): Three Months Ended Six Months Ended Account 2015 2014 2015 2014 Cost of goods sold $ 3.9 $ 0.6 $ 6.3 $ 2.1 Other income (expense) – net 1.1 0.3 (5.3 ) 2.5 Total $ 5.0 $ 0.9 $ 1.0 $ 4.6 Gain (Loss) Recognized in Income on Derivatives (Ineffective): Three Months Ended Six Months Ended Account 2015 2014 2015 2014 Other income (expense) – net $ (2.0 ) $ (0.7 ) $ 4.9 $ (2.8 ) The following table provides the effect of derivative instruments that are not designated as hedges in the Condensed Consolidated Statement of Comprehensive Income (in millions): Gain (Loss) Recognized in Income on Derivatives not designated as hedges: Three Months Ended Six Months Ended Account 2015 2014 2015 2014 Other income (expense) – net $ (1.1 ) $ 0.3 $ (3.2 ) $ (1.4 ) Counterparties to the Company’s currency exchange forward contracts and interest rate swap agreements are major financial institutions with credit ratings of investment grade or better and no collateral is required. There are no significant risk concentrations. Management continues to monitor counterparty risk and believes the risk of incurring losses on derivative contracts related to credit risk is unlikely and any losses would be immaterial. Unrealized net gains (losses), net of tax, included in AOCI are as follows (in millions): Three Months Ended Six Months Ended 2015 2014 2015 2014 Balance at beginning of period $ (0.4 ) $ — $ (0.7 ) $ 2.7 Additional gains (losses) – net 5.8 0.9 3.0 0.4 Amounts reclassified to earnings (5.0 ) (0.4 ) (1.9 ) (2.6 ) Balance at end of period $ 0.4 $ 0.5 $ 0.4 $ 0.5 Within the unrealized net gains (losses) included in AOCI as of June 30, 2015 , it is estimated that $0.2 million of losses are expected to be reclassified into earnings in the next twelve months.

RESTRUCTURING AND OTHER CHARGES

RESTRUCTURING AND OTHER CHARGES	6 Months Ended
	Jun. 30, 2015
Restructuring and Related Activities [Abstract]
RESTRUCTURING AND OTHER CHARGES	RESTRUCTURING AND OTHER CHARGES The Company continually evaluates its cost structure to be appropriately positioned to respond to changing market conditions. From time to time the Company may initiate certain restructuring programs to better utilize its workforce and optimize facility utilization to match the demand for its products. During the third quarter of 2014, the Company established a restructuring program in the MHPS segment to close one of its manufacturing facilities in Germany and relocate production. The expected benefits of this move are concentration of certain production processes in a single location enabling the segment to realize synergies and optimize its expense structure. The program is expected to cost $10.7 million , result in the reduction of 84 team members at that location and be completed in 2015. During the fourth quarter of 2014, the Company established a restructuring program in the MHPS segment primarily focused on operations in Germany. The program included the consolidation of several material handling sales and service locations, and realignment of the management structure for port solutions. The program is expected to cost $24.1 million , result in the reduction of 115 team members and is expected to be completed in 2016, except for certain payments mandated by governmental agencies. The following table provides information for all restructuring activities by segment of the amount of expense incurred during the six months ended June 30, 2015 , the cumulative amount of expenses incurred since inception of the programs through June 30, 2015 and the total amount expected to be incurred (in millions): Amount incurred during the six months ended June 30, 2015 Cumulative amount incurred through June 30, 2015 Total amount expected to be incurred MHPS (0.7 ) 34.8 34.8 Total $ (0.7 ) $ 34.8 $ 34.8 The following table provides information by type of restructuring activity with respect to the amount of expense incurred during the six months ended June 30, 2015 , the cumulative amount of expenses incurred since inception of the programs and the total amount expected to be incurred (in millions): Employee Termination Costs Asset Disposal and Other Costs Total Amount incurred in the six months ended June 30, 2015 $ (0.7 ) $ — $ (0.7 ) Cumulative amount incurred through June 30, 2015 $ 31.1 $ 3.7 $ 34.8 Total amount expected to be incurred $ 31.1 $ 3.7 $ 34.8 The following table provides a roll forward of the restructuring reserve by type of restructuring activity for the six months ended June 30, 2015 (in millions): Employee Termination Costs Asset Disposal and Other Costs Total Restructuring reserve at December 31, 2014 $ 40.1 $ — $ 40.1 Restructuring charges (0.7 ) — (0.7 ) Cash expenditures (2.1 ) — (2.1 ) Foreign exchange (3.2 ) — (3.2 ) Restructuring reserve at June 30, 2015 $ 34.1 $ — $ 34.1

LONG-TERM OBLIGATIONS

LONG-TERM OBLIGATIONS	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
LONG-TERM OBLIGATIONS	LONG-TERM OBLIGATIONS 2014 Credit Agreement On August 13, 2014 the Company entered into a new credit agreement (the “2014 Credit Agreement”), with the lenders party thereto and Credit Suisse AG, as administrative agent and collateral agent. In connection with the 2014 Credit Agreement, the Company terminated its existing amended and restated credit agreement, dated as of August 5, 2011, as amended (the “2011 Credit Agreement”), among the Company and certain of its subsidiaries, the lenders thereunder and Credit Suisse AG, as administrative agent and collateral agent, and related agreements and documents. The 2014 Credit Agreement provides the Company with a senior secured revolving line of credit of up to $600 million that is available through August 13, 2019, a $230.0 million senior secured term loan and a €200.0 million senior secured term loan, which both mature on August 13, 2021. The 2014 Credit Agreement allows unlimited incremental commitments, which may be extended at the option of the existing or new lenders and can be in the form of revolving credit commitments, term loan commitments, or a combination of both as long as the Company satisfies a senior secured debt financial ratio contained in the 2014 Credit Agreement. The 2014 Credit Agreement requires the Company to comply with a number of covenants. The covenants limit, in certain circumstances, the Company’s ability to take a variety of actions, including but not limited to: incur indebtedness; create or maintain liens on its property or assets; make investments, loans and advances; repurchase shares of its Common Stock; engage in acquisitions, mergers, consolidations and asset sales; redeem debt; and pay dividends and distributions. If the Company’s borrowings under its revolving line of credit are greater than 30% of the total revolving credit commitments, the 2014 Credit Agreement requires the Company to comply with certain financial tests, as defined in the 2014 Credit Agreement. If applicable, the minimum required levels of the interest coverage ratio would be 2.5 to 1.0 and the maximum permitted levels of the senior secured leverage ratio would be 2.75 to 1.0. The 2014 Credit Agreement also contains customary default provisions. The 2014 Credit Agreement also has various non-financial covenants, both requiring the Company to refrain from taking certain future actions (as described above) and requiring the Company to take certain actions, such as keeping its corporate existence in good standing, maintaining insurance, and providing its bank lending group with financial information on a timely basis. On May 29, 2015, the Company entered into an Incremental Assumption Agreement and Amendment No. 1 to the 2014 Credit Agreement which lowered the interest rate on the Company’s €200.0 million Euro denominated term loan from Euro Interbank Offered Rate (“EURIBOR”) plus 3.25% with a 0.75% EURIBOR floor to EURIBOR plus 2.75% with a 0.75% EURIBOR floor. As of June 30, 2015 and December 31, 2014 , the Company had $447.0 million and $467.9 million , respectively, in U.S. dollar and Euro denominated term loans outstanding under the 2014 Credit Agreement. The weighted average interest rate on the term loans at June 30, 2015 and December 31, 2014 was 3.50% and 3.76% , respectively. The Company had $114.8 million in U.S. dollar denominated revolving credit amounts outstanding as of June 30, 2015 . The Company had no outstanding U.S. dollar and Euro denominated revolving credit amounts at December 31, 2014 . The weighted average interest rate on the revolving credit amounts at June 30, 2015 was 2.63% . The 2014 Credit Agreement incorporates facilities for issuance of letters of credit up to $400 million . Letters of credit issued under the 2014 Credit Agreement letter of credit facility decrease availability under the $600 million revolving line of credit. As of June 30, 2015 and December 31, 2014 the Company had no letters of credit issued under the 2014 Credit Agreement. The 2014 Credit Agreement also permits the Company to have additional letter of credit facilities up to $300 million , and letters of credit issued under such additional facilities do not decrease availability under the revolving line of credit. The Company had letters of credit issued under the additional letter of credit facilities of the 2014 Credit Agreement that totaled $25.0 million and $30.4 million as of June 30, 2015 and December 31, 2014 , respectively. The Company also has bilateral arrangements to issue letters of credit with various other financial institutions. These additional letters of credit do not reduce the Company’s availability under the 2014 Credit Agreement. The Company had letters of credit issued under these additional arrangements of $218.8 million and $261.5 million as of June 30, 2015 and December 31, 2014 , respectively. In total, as of June 30, 2015 and December 31, 2014 , the Company had letters of credit outstanding of $243.8 million and $291.9 million , respectively. The letters of credit generally serve as collateral for certain liabilities included in the Condensed Consolidated Balance Sheet. Certain letters of credit serve as collateral guaranteeing the Company’s performance under contracts. The Company and certain of its subsidiaries agreed to take certain actions to secure borrowings under the 2014 Credit Agreement. As a result, the Company and certain of its subsidiaries entered into a Guarantee and Collateral Agreement with Credit Suisse, as collateral agent for the lenders, granting security to the lenders for amounts borrowed under the 2014 Credit Agreement. The Company is required to (a) pledge as collateral the capital stock of the Company’s material domestic subsidiaries and 65% of the capital stock of certain of the Company’s material foreign subsidiaries, and (b) provide a first priority security interest in, and mortgages on, substantially all of the Company’s domestic assets. 6-1/2% Senior Notes On March 27, 2012, the Company sold and issued $300 million aggregate principal amount of Senior Notes Due 2020 (“ 6-1/2% Notes”) at par. The proceeds from these notes were used for general corporate purposes. The 6-1/2% Notes are redeemable by the Company beginning in April 2016 at an initial redemption price of 103.250% of principal amount. The 6-1/2% Notes are jointly and severally guaranteed by certain of the Company’s domestic subsidiaries (see Note O – “Consolidating Financial Statements”). 6% Senior Notes On November 26, 2012, the Company sold and issued $850 million aggregate principal amount of Senior Notes due 2021 (“ 6% Notes”) at par. The proceeds from this offering plus other cash was used to redeem all $800 million principal amount of the outstanding 8% Senior Subordinated Notes. The 6% Notes are redeemable by the Company beginning in November 2016 at an initial redemption price of 103.0% of principal amount. The 6% Notes are jointly and severally guaranteed by certain of the Company’s domestic subsidiaries (see Note O – “Consolidating Financial Statements”). 4% Convertible Senior Subordinated Notes On June 3, 2009, the Company sold and issued $172.5 million aggregate principal amount of 4% Convertible Notes. At issuance, the Company was required to separately account for the liability and equity components of the 4% Convertible Notes in a manner that reflected the Company’s nonconvertible debt borrowing rate at the date of issuance for interest cost to be recognized in subsequent periods. The Company allocated $54.3 million of the $172.5 million principal amount of the 4% Convertible Notes to the equity component, which represented a discount to the debt and was amortized into interest expense using the effective interest method through settlement. The Company recorded a related deferred tax liability of $19.4 million on the equity component. During 2012 the Company purchased approximately 25% of the outstanding 4% Convertible Notes. The balance of the 4% Convertible Notes was $128.8 million at settlement on June 1, 2015. The Company recognized interest expense of $5.7 million on the 4% Convertible Notes for the six months ended June 30, 2015 . Interest expense on the 4% Convertible Notes throughout its term included 4% annually of cash interest on the maturity balance of $128.8 million plus non-cash interest expense accreted to the debt balance as described. On June 1, 2015 the Company paid cash of $131.1 million (including accrued interest of $2.3 million ) and issued 3.4 million shares of its $.01 par value common stock to settle the 4% Convertible Notes. 2015 Securitization Facility On May 28, 2015, the Company, through certain of its subsidiaries, entered into a Loan and Security Agreement (the “Securitization Facility”) with lenders party thereto. The borrower under the Securitization Facility is a bankruptcy remote subsidiary of the Company (the “Borrower”). Under the Securitization Facility, the Borrower may, from time to time, request the conduit lender thereunder to make loans to the Borrower. Such loans will be secured by and payable from collateral of the Borrower (primarily equipment loans and leases to Terex customers originated by TFS and transferred to the Borrower). Any such loan may be made by the conduit lender in its sole discretion and if not made by the conduit lender, shall be made by the committed lender under the Securitization Facility. The facility limit for such loans is $350 million . The scheduled termination date for the Securitization Facility is May 28, 2017, but it may be extended by agreement of the parties per the terms of the loan agreement. The Securitization Facility also contains customary representations, warranties and covenants. As of June 30, 2015 , the Company had $146.2 million in loans outstanding under the Securitization Facility. The weighted average interest rate on the Securitization Facility at June 30, 2015 was 1.25% . The Company is party to certain derivative interest rate swap agreements entered into to hedge its exposure to variable interest rates related to the Securitization Facility. The effective interest rate on the Securitization Facility when combined with the interest rate swap agreements is 2.20% . For further information on the interest rate swap agreements see Note I – “Derivative Financial Instruments.” Based on indicative price quotations from financial institutions multiplied by the amount recorded on the Company’s Condensed Consolidated Balance Sheet (“Book Value”), the Company estimates the fair values (“FV”) of its debt set forth below as of June 30, 2015 , as follows (in millions, except for quotes): Book Value Quote FV 6% Notes $ 850.0 $ 1.00000 $ 850 6-1/2% Notes $ 300.0 $ 1.04250 $ 313 2014 Credit Agreement Term Loan (net of discount) – USD $ 226.6 $ 1.00000 $ 227 2014 Credit Agreement Term Loan (net of discount) – EUR $ 220.4 $ 0.99250 $ 219 The fair value of debt reported in the table above is based on price quotations on the debt instrument in an active market and therefore categorized under Level 1 of the ASC 820 hierarchy. See Note A – “Basis of Presentation,” for an explanation of the ASC 820 hierarchy. The Company believes that the carrying value of its other borrowings, including amounts outstanding for the revolving credit line under the 2014 Credit Agreement, approximates fair market value based on maturities for debt of similar terms. The fair value of these other borrowings are categorized under Level 2 of the ASC 820 hierarchy.

RETIREMENT PLANS AND OTHER BENE

RETIREMENT PLANS AND OTHER BENEFITS	6 Months Ended
	Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]
RETIREMENT PLANS AND OTHER BENEFITS	RETIREMENT PLANS AND OTHER BENEFITS The Company maintains defined benefit plans in the United States, France, Germany, India, Switzerland and the United Kingdom for some of its subsidiaries including a nonqualified Supplemental Executive Retirement Plan (“SERP”) in the United States. In Austria and Italy there are mandatory termination indemnity plans providing a benefit that is payable upon termination of employment in substantially all cases of termination. The Company also has several programs that provide postemployment benefits, including health and life insurance benefits, to certain former salaried and hourly employees. Information regarding the Company’s plans, including the SERP, was as follows (in millions): Three Months Ended Six Months Ended 2015 2014 2015 2014 U.S. Pension Non-U.S. Pension Other U.S. Pension Non-U.S. Pension Other U.S. Pension Non-U.S. Pension Other U.S. Pension Non-U.S. Pension Other Components of net periodic cost: Service cost $ 0.3 $ 1.6 $ — $ 0.2 $ 1.1 $ — $ 0.6 $ 3.2 $ — $ 0.4 $ 2.5 $ — Interest cost 1.8 3.2 — 1.8 4.1 — 3.6 6.4 0.1 3.6 9.1 0.1 Expected return on plan assets (2.4 ) (1.9 ) — (2.4 ) (1.6 ) — (4.9 ) (3.9 ) — (4.6 ) (3.9 ) — Amortization of prior service cost — — — 0.1 — — — — — 0.1 — — Amortization of actuarial loss 0.9 1.9 — 0.8 0.8 — 1.9 3.8 — 1.5 1.6 — Net periodic cost $ 0.6 $ 4.8 $ — $ 0.5 $ 4.4 $ — $ 1.2 $ 9.5 $ 0.1 $ 1.0 $ 9.3 $ 0.1

LITIGATION AND CONTINGENCIES

LITIGATION AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
LITIGATION AND CONTINGENCIES	LITIGATION AND CONTINGENCIES General The Company is involved in various legal proceedings, including product liability, general liability, workers’ compensation liability, employment, commercial and intellectual property litigation, which have arisen in the normal course of operations. The Company is insured for product liability, general liability, workers’ compensation, employer’s liability, property damage and other insurable risk required by law or contract, with retained liability or deductibles. The Company records and maintains an estimated liability in the amount of management’s estimate of the Company’s aggregate exposure for such retained liabilities and deductibles. For such retained liabilities and deductibles, the Company determines its exposure based on probable loss estimations, which requires such losses to be both probable and the amount or range of probable loss to be estimable. The Company believes it has made appropriate and adequate reserves and accruals for its current contingencies and that the likelihood of a material loss beyond the amounts accrued is remote. The Company believes that the outcome of such matters, individually and in the aggregate, will not have a material adverse effect on its financial statements as a whole. However, the outcomes of lawsuits cannot be predicted and, if determined adversely, could ultimately result in the Company incurring significant liabilities which could have a material adverse effect on its results of operations. ERISA, Securities and Stockholder Derivative Lawsuits The Company has received complaints seeking certification of class action lawsuits in an ERISA lawsuit, a securities lawsuit and a stockholder derivative lawsuit as follows: • A consolidated complaint in the ERISA lawsuit was filed in the United States District Court, District of Connecticut on September 20, 2010 and is entitled In Re Terex Corp. ERISA Litigation. • A consolidated class action complaint for violations of securities laws in the securities lawsuit was filed in the United States District Court, District of Connecticut on November 18, 2010 and is entitled Sheet Metal Workers Local 32 Pension Fund and Ironworkers St. Louis Council Pension Fund, individually and on behalf of all others similarly situated v. Terex Corporation, et al. • A stockholder derivative complaint for violation of the Securities and Exchange Act of 1934, breach of fiduciary duty, waste of corporate assets and unjust enrichment was filed on April 12, 2010 in the United States District Court, District of Connecticut and is entitled Peter Derrer, derivatively on behalf of Terex Corporation v. Ronald M. DeFeo, Phillip C. Widman, Thomas J. Riordan, G. Chris Andersen, Donald P. Jacobs, David A. Sachs, William H. Fike, Donald DeFosset, Helge H. Wehmeier, Paula H.J. Cholmondeley, Oren G. Shaffer, Thomas J. Hansen, and David C. Wang, and Terex Corporation. These lawsuits generally cover the period from February 2008 to February 2009 and allege, among other things, that certain of the Company’s SEC filings and other public statements contained false and misleading statements which resulted in damages to the Company, the plaintiffs and the members of the purported class when they purchased the Company’s securities and in the ERISA lawsuit and the stockholder derivative complaint, that there were breaches of fiduciary duties and of ERISA disclosure requirements. The stockholder derivative complaint also alleges waste of corporate assets relating to the repurchase of the Company’s shares in the market and unjust enrichment as a result of securities sales by certain officers and directors. The complaints all seek, among other things, unspecified compensatory damages, costs and expenses. As a result, the Company is unable to estimate a possible loss or a range of losses for these lawsuits. The stockholder derivative complaint also seeks amendments to the Company’s corporate governance procedures in addition to unspecified compensatory damages from the individual defendants in its favor. The Company believes that the allegations in the suits are without merit, and Terex, its directors and the named executives will continue to vigorously defend against them. The Company believes that it has acted, and continues to act, in compliance with federal securities laws and ERISA law with respect to these matters. Accordingly, the Company has filed motions to dismiss the ERISA lawsuit and the securities lawsuit. While these motions are currently pending before the court, an agreement in principle has been reached to settle the ERISA lawsuit for $2.5 million which will be funded primarily by insurance. The proceeds of the settlement (after deduction of legal fees) will be distributed to putative class participants. The plaintiff in the stockholder derivative lawsuit has agreed with the Company to put this lawsuit on hold pending the outcome of the motion to dismiss in connection with the securities lawsuit. Other The Company is involved in various other legal proceedings which have arisen in the normal course of its operations. The Company has recorded provisions for estimated losses in circumstances where a loss is probable and the amount or range of possible amounts of the loss is estimable. Credit Guarantees Customers of the Company from time to time may fund the acquisition of the Company’s equipment through third-party finance companies. In certain instances, the Company may provide a credit guarantee to the finance company, by which the Company agrees to make payments to the finance company should the customer default. The maximum liability of the Company is generally limited to its customer’s remaining payments due to the finance company at the time of default. In the event of customer default, the Company is generally able to recover and dispose of the equipment at a minimum loss, if any, to the Company. As of June 30, 2015 and December 31, 2014 , the Company’s maximum exposure to such credit guarantees was $40.9 million and $42.6 million , respectively, including total guarantees issued by Terex Cranes Germany GmbH, part of the Cranes segment, of $23.3 million and $23.4 million , respectively. The terms of these guarantees coincide with the financing arranged by the customer and generally do not exceed five years. Given the Company’s position as the original equipment manufacturer and its knowledge of end markets, the Company, when called upon to fulfill a guarantee, generally has been able to liquidate the financed equipment at a minimal loss, if any, to the Company. There can be no assurance that historical credit default experience will be indicative of future results. The Company’s ability to recover losses experienced from its guarantees may be affected by economic conditions in effect at the time of loss. Buyback Guarantees The Company from time to time guarantees that it will buy equipment from its customers in the future at a stated price if certain conditions are met by the customer. Such guarantees are referred to as buyback guarantees. These conditions generally pertain to the functionality and state of repair of the machine. As of June 30, 2015 and December 31, 2014 , the Company’s maximum exposure pursuant to buyback guarantees was $18.7 million and $24.3 million , respectively, including total guarantees issued by entities in the MHPS segment of $15.1 million and $20.1 million , respectively. The Company is generally able to mitigate some of the risk of these guarantees because the maturity of the guarantees is staggered, limiting the amount of used equipment entering the marketplace at any one time and through leveraging its access to the used equipment markets provided by the Company’s original equipment manufacturer status. The Company has recorded an aggregate liability within Other current liabilities and Other non-current liabilities in the Condensed Consolidated Balance Sheet of approximately $3 million as of June 30, 2015 and December 31, 2014 , for the estimated fair value of all guarantees provided. There can be no assurance that the Company’s historical experience in used equipment markets will be indicative of future results. The Company’s ability to recover losses experienced from its guarantees may be affected by economic conditions in the used equipment markets at the time of loss.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2015
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY Total non-stockholder changes in equity (comprehensive income) include all changes in equity during a period except those resulting from investments by, and distributions to, stockholders. The specific components include: net income, deferred gains and losses resulting from foreign currency translation, pension liability adjustments, equity security adjustments and deferred gains and losses resulting from derivative hedging transactions. Total non-stockholder changes in equity were as follows (in millions): Three Months Ended Six Months Ended 2015 2014 2015 2014 Net income (loss) $ 85.9 $ 140.4 $ 87.5 $ 174.3 Other comprehensive income (loss), net of tax: Cumulative translation adjustment (CTA), net of (provision for) benefit from taxes of $2.4, $1.3 and $9.2 and $1.8, respectively 85.4 23.5 (126.2 ) 41.7 Derivative hedging adjustment, net of (provision for) benefit from taxes of $(0.2), $0.2, $0.0 and $1.0, respectively 0.8 0.5 1.1 (2.2 ) Debt and equity securities adjustment, net of (provision for) benefit from taxes of $0.1, $0.0, $0.1 and $0.0, respectively (2.3 ) — (5.4 ) — Pension liability adjustment: Amortization of actuarial (gain) loss, net of provision for (benefit from) taxes of $(0.4), $(0.5), $(0.8) and $(1.0), respectively 2.4 1.2 4.9 2.2 Foreign exchange and other effects, net of (provision for) benefit from taxes of $1.1, $(1.4), $(1.3) and $(1.4), respectively (5.4 ) (0.4 ) 6.7 (0.6 ) Total pension liability adjustment (3.0 ) 0.8 11.6 1.6 Other comprehensive income (loss) 80.9 24.8 (118.9 ) 41.1 Comprehensive income (loss) 166.8 165.2 (31.4 ) 215.4 Comprehensive loss (income) attributable to noncontrolling interest (1.1 ) (0.4 ) (1.7 ) 0.9 Comprehensive income (loss) attributable to Terex Corporation $ 165.7 $ 164.8 $ (33.1 ) $ 216.3 Changes in Accumulated Other Comprehensive Income The table below presents changes in AOCI by component for the three and six months ended June 30, 2015 and 2014 . All amounts are net of tax (in millions). Three months ended June 30, 2015 Three months ended June 30, 2014 CTA Deriv. Hedging Adj. Debt & Equity Securities Adj. Pension Liability Adj. Total CTA Deriv. Hedging Adj. Debt & Equity Securities Adj. Pension Liability Adj. Total Beginning balance $ (457.1 ) $ (0.4 ) $ (1.5 ) $ (170.6 ) $ (629.6 ) $ 10.3 $ — $ — $ (110.5 ) $ (100.2 ) Other comprehensive income before reclassifications 85.4 5.8 (2.3 ) (5.4 ) 83.5 19.5 0.9 — (0.4 ) 20.0 Amounts reclassified from AOCI — (5.0 ) — 2.4 (2.6 ) 4.0 (0.4 ) — 1.2 4.8 Net other comprehensive Income (Loss) 85.4 0.8 (2.3 ) (3.0 ) 80.9 23.5 0.5 — 0.8 24.8 Ending balance $ (371.7 ) $ 0.4 $ (3.8 ) $ (173.6 ) $ (548.7 ) $ 33.8 $ 0.5 $ — $ (109.7 ) $ (75.4 ) Six months ended June 30, 2015 Six months ended June 30, 2014 CTA Deriv. Hedging Adj. Debt & Equity Securities Adj. Pension Liability Adj. Total CTA Deriv. Hedging Adj. Debt & Equity Securities Adj. Pension Liability Adj. Total Beginning balance $ (245.5 ) $ (0.7 ) $ 1.6 $ (185.2 ) $ (429.8 ) $ (7.9 ) $ 2.7 $ — $ (111.3 ) $ (116.5 ) Other comprehensive income before reclassifications (126.2 ) 3.0 (5.4 ) 6.7 (121.9 ) 37.7 0.4 — (0.6 ) 37.5 Amounts reclassified from AOCI — (1.9 ) — 4.9 3.0 4.0 (2.6 ) — 2.2 3.6 Net Other Comprehensive Income (Loss) (126.2 ) 1.1 (5.4 ) 11.6 (118.9 ) 41.7 (2.2 ) — 1.6 41.1 Ending balance $ (371.7 ) $ 0.4 $ (3.8 ) $ (173.6 ) $ (548.7 ) $ 33.8 $ 0.5 $ — $ (109.7 ) $ (75.4 ) Stock-Based Compensation During the six months ended June 30, 2015 , the Company granted 1.4 million shares of restricted stock to its employees with a weighted average grant date fair value of $26.46 per share. Approximately 63% of these restricted stock awards vest ratably over a three year period and approximately 37% cliff vest at the end of a three year period. Approximately 11% of the shares granted are based on performance targets containing a market condition and determined over either a two or three year period. The Company used the Monte Carlo method to determine grant date fair value of $28.10 and $25.60 per share, respectively, for the three and two year awards with a market condition granted on March 5, 2015. The Monte Carlo method is a statistical simulation technique used to provide the grant date fair value of an award. The following table presents the weighted-average assumptions used in the valuation: Grant date Grant date March 5, 2015 March 5, 2015 Dividend yields 0.91 % 0.91 % Expected volatility 45.48 % 37.00 % Risk free interest rate 0.98 % 0.58 % Expected life (in years) 3 2 Share Repurchases and Dividends In February 2015, the Company announced authorization by its Board of Directors for the repurchase of up to $200 million of the Company’s outstanding shares of common stock. During the six months ended June 30, 2015 the Company repurchased approximately 1.9 million shares for approximately $50 million under this program. In each of the first two quarters of 2015, the Company’s Board of Directors also declared a dividend of $0.06 per share, which was paid to its shareholders. Redeemable Noncontrolling Interest In January 2014, the Company paid $71.3 million for the remaining outstanding shares of Terex Material Handling & Port Solutions AG (“TMHPS”), of which $53.7 million was recorded as a reduction of redeemable noncontrolling interest and $17.6 million was recorded as a reduction in additional paid-in capital for the excess of the purchase price over the carrying value of redeemable noncontrolling interest. The Company now owns 100% of TMHPS.

CONSOLIDATING FINANCIAL STATEME

CONSOLIDATING FINANCIAL STATEMENTS	6 Months Ended
	Jun. 30, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
CONSOLIDATING FINANCIAL STATEMENTS	CONSOLIDATING FINANCIAL STATEMENTS On June 1, 2015 the company settled the 4% Convertible Notes. During 2012, the Company sold and issued the 6% Notes and the 6-1/2% Notes (collectively the “Notes”) (see Note K – “Long-Term Obligations”). The Notes are jointly and severally guaranteed by the following wholly-owned subsidiaries of the Company (the “Wholly-owned Guarantors”): CMI Terex Corporation, Fantuzzi Noell USA, Inc., Genie Holdings, Inc., Genie Industries, Inc., Genie International, Inc., Powerscreen Holdings USA Inc., Powerscreen International LLC, Powerscreen North America Inc., Powerscreen USA, LLC, Terex Advance Mixer, Inc., Terex Aerials, Inc., Terex Financial Services, Inc., Terex South Dakota, Inc., Terex USA, LLC, Terex Utilities, Inc. and Terex Washington, Inc. Wholly-owned Guarantors are 100% owned by the Company. All of the guarantees are full and unconditional. The guarantees of the Wholly-owned Guarantors are subject to release in limited circumstances only upon the occurrence of certain customary conditions. No subsidiaries of the Company except the Wholly-owned Guarantors have provided a guarantee of the Notes. The following summarized condensed consolidating financial information for the Company segregates the financial information of Terex Corporation, the Wholly-owned Guarantors and the non-guarantor subsidiaries. The results and financial position of businesses acquired are included from the dates of their respective acquisitions. Terex Corporation consists of parent company operations. Subsidiaries of the parent company are reported on the equity basis. Wholly-owned Guarantors combine the operations of the Wholly-owned Guarantor subsidiaries. Subsidiaries of Wholly-owned Guarantors that are not themselves guarantors are reported on the equity basis. Non-guarantor subsidiaries combine the operations of subsidiaries which have not provided a guarantee of the Notes. Subsidiaries of non-guarantor subsidiaries that are guarantors are reported on the equity basis. Debt and goodwill allocated to subsidiaries are presented on a “push-down” accounting basis. TEREX CORPORATION CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED JUNE 30, 2015 (in millions) Terex Corporation Wholly-owned Guarantors Non-guarantor Subsidiaries Intercompany Eliminations Consolidated Net sales $ 4.7 $ 911.8 $ 1,175.0 $ (263.0 ) $ 1,828.5 Cost of goods sold (3.9 ) (731.5 ) (971.9 ) 263.0 (1,444.3 ) Gross profit 0.8 180.3 203.1 — 384.2 Selling, general and administrative expenses 1.8 (68.4 ) (169.3 ) — (235.9 ) Income (loss) from operations 2.6 111.9 33.8 — 148.3 Interest income 25.6 17.2 0.1 (41.9 ) 1.0 Interest expense (38.6 ) (1.6 ) (28.7 ) 41.9 (27.0 ) Income (loss) from subsidiaries 106.7 0.3 1.0 (108.0 ) — Other income (expense) – net (22.0 ) 4.8 14.2 — (3.0 ) Income (loss) from continuing operations before income taxes 74.3 132.6 20.4 (108.0 ) 119.3 (Provision for) benefit from income taxes 10.5 (39.0 ) (4.5 ) — (33.0 ) Income (loss) from continuing operations 84.8 93.6 15.9 (108.0 ) 86.3 Gain (loss) on disposition of discontinued operations – net of tax — — (0.4 ) — (0.4 ) Net income (loss) 84.8 93.6 15.5 (108.0 ) 85.9 Net loss (income) attributable to noncontrolling interest — — (1.1 ) — (1.1 ) Net income (loss) attributable to Terex Corporation $ 84.8 $ 93.6 $ 14.4 $ (108.0 ) $ 84.8 Comprehensive income (loss), net of tax $ 165.7 $ 93.9 $ 30.0 $ (122.8 ) $ 166.8 Comprehensive loss (income) attributable to noncontrolling interest — — (1.1 ) — (1.1 ) Comprehensive income (loss) attributable to Terex Corporation $ 165.7 $ 93.9 $ 28.9 $ (122.8 ) $ 165.7 TEREX CORPORATION CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) SIX MONTHS ENDED JUNE 30, 2015 (in millions) Terex Corporation Wholly-owned Guarantors Non-guarantor Subsidiaries Intercompany Eliminations Consolidated Net sales $ 5.5 $ 1,644.5 $ 2,154.7 $ (480.6 ) $ 3,324.1 Cost of goods sold (4.1 ) (1,356.5 ) (1,783.3 ) 480.6 (2,663.3 ) Gross profit 1.4 288.0 371.4 — 660.8 Selling, general and administrative expenses 13.9 (139.8 ) (342.4 ) — (468.3 ) Income (loss) from operations 15.3 148.2 29.0 — 192.5 Interest income 52.7 34.2 1.1 (86.0 ) 2.0 Interest expense (78.6 ) (2.6 ) (60.0 ) 86.0 (55.2 ) Income (loss) from subsidiaries 118.2 (0.8 ) 0.6 (118.0 ) — Other income (expense) – net (38.1 ) (3.8 ) 32.0 — (9.9 ) Income (loss) from continuing operations before income taxes 69.5 175.2 2.7 (118.0 ) 129.4 (Provision for) benefit from income taxes 16.3 (47.7 ) (13.2 ) — (44.6 ) Income (loss) from continuing operations 85.8 127.5 (10.5 ) (118.0 ) 84.8 Gain (loss) on disposition of discontinued operations – net of tax — — 2.7 — 2.7 Net income (loss) 85.8 127.5 (7.8 ) (118.0 ) 87.5 Net loss (income) attributable to noncontrolling interest — — (1.7 ) — (1.7 ) Net income (loss) attributable to Terex Corporation $ 85.8 $ 127.5 $ (9.5 ) $ (118.0 ) $ 85.8 Comprehensive income (loss), net of tax $ (33.1 ) $ 127.6 $ (131.0 ) $ 5.1 $ (31.4 ) Comprehensive loss (income) attributable to noncontrolling interest — — (1.7 ) — (1.7 ) Comprehensive income (loss) attributable to Terex Corporation $ (33.1 ) $ 127.6 $ (132.7 ) $ 5.1 $ (33.1 ) TEREX CORPORATION CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED JUNE 30, 2014 (in millions) Terex Corporation Wholly-owned Guarantors Non-guarantor Subsidiaries Intercompany Eliminations Consolidated Net sales $ 1.1 $ 1,018.6 $ 1,320.9 $ (285.5 ) $ 2,055.1 Cost of goods sold (0.9 ) (820.9 ) (1,095.0 ) 285.5 (1,631.3 ) Gross profit 0.2 197.7 225.9 — 423.8 Selling, general and administrative expenses (4.9 ) (64.2 ) (193.8 ) — (262.9 ) Income (loss) from operations (4.7 ) 133.5 32.1 — 160.9 Interest income 32.3 18.7 0.8 (50.6 ) 1.2 Interest expense (42.3 ) (4.3 ) (35.7 ) 50.6 (31.7 ) Income (loss) from subsidiaries 152.5 0.4 (0.3 ) (152.6 ) — Other income (expense) – net (11.8 ) 2.3 7.5 — (2.0 ) Income (loss) from continuing operations before income taxes 126.0 150.6 4.4 (152.6 ) 128.4 (Provision for) benefit from income taxes 10.6 (46.2 ) (4.4 ) — (40.0 ) Income (loss) from continuing operations 136.6 104.4 — (152.6 ) 88.4 Income (loss) from discontinued operations – net of tax 0.7 — (0.2 ) — 0.5 Gain (loss) on disposition of discontinued operations – net of tax 2.5 — 49.0 — 51.5 Net income (loss) 139.8 104.4 48.8 (152.6 ) 140.4 Net loss (income) attributable to noncontrolling interest — — (0.6 ) — (0.6 ) Net income (loss) attributable to Terex Corporation $ 139.8 $ 104.4 $ 48.2 $ (152.6 ) $ 139.8 Comprehensive income (loss), net of tax $ 164.8 $ 104.6 $ 48.7 $ (152.9 ) $ 165.2 Comprehensive loss (income) attributable to noncontrolling interest — — (0.4 ) — (0.4 ) Comprehensive income (loss) attributable to Terex Corporation $ 164.8 $ 104.6 $ 48.3 $ (152.9 ) $ 164.8 TEREX CORPORATION CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) SIX MONTHS ENDED JUNE 30, 2014 (in millions) Terex Corporation Wholly-owned Guarantors Non-guarantor Subsidiaries Intercompany Eliminations Consolidated Net sales $ 39.9 $ 1,802.4 $ 2,441.4 $ (574.0 ) $ 3,709.7 Cost of goods sold (37.0 ) (1,459.3 ) (2,030.2 ) 574.0 (2,952.5 ) Gross profit 2.9 343.1 411.2 — 757.2 Selling, general and administrative expenses (4.9 ) (134.0 ) (382.4 ) — (521.3 ) Income (loss) from operations (2.0 ) 209.1 28.8 — 235.9 Interest income 63.8 36.6 1.7 (99.6 ) 2.5 Interest expense (82.8 ) (8.5 ) (70.4 ) 99.6 (62.1 ) Income (loss) from subsidiaries 199.7 4.1 (1.7 ) (202.1 ) — Other income (expense) – net (23.0 ) 2.5 15.6 — (4.9 ) Income (loss) from continuing operations before income taxes 155.7 243.8 (26.0 ) (202.1 ) 171.4 (Provision for) benefit from income taxes 16.0 (74.1 ) 6.6 — (51.5 ) Income (loss) from continuing operations 171.7 169.7 (19.4 ) (202.1 ) 119.9 Income (loss) from discontinued operations – net of tax 0.6 — 0.8 — 1.4 Gain (loss) on disposition of discontinued operations – net of tax 2.5 — 50.5 — 53.0 Net income (loss) 174.8 169.7 31.9 (202.1 ) 174.3 Net loss (income) attributable to noncontrolling interest — — 0.5 — 0.5 Net income (loss) attributable to Terex Corporation $ 174.8 $ 169.7 $ 32.4 $ (202.1 ) $ 174.8 Comprehensive income (loss), net of tax $ 216.3 $ 170.4 $ 44.3 $ (215.6 ) $ 215.4 Comprehensive loss (income) attributable to noncontrolling interest — — 0.9 — 0.9 Comprehensive income (loss) attributable to Terex Corporation $ 216.3 $ 170.4 $ 45.2 $ (215.6 ) $ 216.3 TEREX CORPORATION CONDENSED CONSOLIDATING BALANCE SHEET JUNE 30, 2015 (in millions) Terex Corporation Wholly-owned Guarantors Non-guarantor Subsidiaries Intercompany Eliminations Consolidated Assets Current assets Cash and cash equivalents $ 6.1 $ 4.0 $ 322.6 $ — $ 332.7 Trade receivables – net 9.8 422.5 820.2 — 1,252.5 Intercompany receivables 78.7 122.5 86.1 (287.3 ) — Inventories 0.2 501.1 1,062.9 — 1,564.2 Prepaid assets 64.1 40.3 155.7 — 260.1 Other current assets 51.7 — 23.1 — 74.8 Total current assets 210.6 1,090.4 2,470.6 (287.3 ) 3,484.3 Property, plant and equipment – net 62.9 130.8 486.9 — 680.6 Goodwill — 181.6 892.1 — 1,073.7 Non-current intercompany receivables 1,399.5 2,312.1 0.8 (3,712.4 ) — Investment in and advances to (from) subsidiaries 3,856.1 196.6 191.7 (4,138.7 ) 105.7 Other assets 39.1 87.1 536.4 — 662.6 Total assets $ 5,568.2 $ 3,998.6 $ 4,578.5 $ (8,138.4 ) $ 6,006.9 Liabilities and Stockholders’ Equity Current liabilities Notes payable and current portion of long-term debt $ — $ 1.3 $ 71.3 $ — $ 72.6 Trade accounts payable 13.4 306.7 494.3 — 814.4 Intercompany payables 2.9 85.3 199.1 (287.3 ) — Accruals and other current liabilities 63.8 138.9 580.5 — 783.2 Total current liabilities 80.1 532.2 1,345.2 (287.3 ) 1,670.2 Long-term debt, less current portion 1,264.9 2.5 566.6 — 1,834.0 Non-current intercompany payables 2,248.4 22.4 1,441.6 (3,712.4 ) — Retirement plans and other non-current liabilities 59.8 27.3 466.0 — 553.1 Total stockholders’ equity 1,915.0 3,414.2 759.1 (4,138.7 ) 1,949.6 Total liabilities and stockholders’ equity $ 5,568.2 $ 3,998.6 $ 4,578.5 $ (8,138.4 ) $ 6,006.9 TEREX CORPORATION CONDENSED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2014 (in millions) Terex Corporation Wholly-owned Guarantors Non-guarantor Subsidiaries Intercompany Eliminations Consolidated Assets Current assets Cash and cash equivalents $ 99.0 $ 1.9 $ 377.3 $ — $ 478.2 Trade receivables – net 7.7 307.4 771.3 — 1,086.4 Intercompany receivables 55.3 85.9 136.3 (277.5 ) — Inventories — 374.5 1,086.4 — 1,460.9 Prepaid assets 100.8 32.9 114.3 — 248.0 Other current assets 65.7 0.1 16.9 — 82.7 Total current assets 328.5 802.7 2,502.5 (277.5 ) 3,356.2 Property, plant and equipment – net 65.4 117.0 507.9 — 690.3 Goodwill — 170.1 960.9 — 1,131.0 Non-current intercompany receivables 1,501.4 2,059.9 41.9 (3,603.2 ) — Investment in and advances to (from) subsidiaries 3,564.2 199.3 152.0 (3,809.2 ) 106.3 Other assets 43.8 142.7 457.7 — 644.2 Total assets $ 5,503.3 $ 3,491.7 $ 4,622.9 $ (7,689.9 ) $ 5,928.0 Liabilities and Stockholders’ Equity Current liabilities Notes payable and current portion of long-term debt $ 125.0 $ 2.0 $ 25.5 $ — $ 152.5 Trade accounts payable 18.0 212.6 505.5 — 736.1 Intercompany payables 19.8 117.8 139.9 (277.5 ) — Accruals and other current liabilities 74.6 118.1 561.8 — 754.5 Total current liabilities 237.4 450.5 1,232.7 (277.5 ) 1,643.1 Long-term debt, less current portion 1,150.0 7.6 478.7 — 1,636.3 Non-current intercompany payables 2,047.1 41.8 1,514.3 (3,603.2 ) — Retirement plans and other non-current liabilities 62.9 27.2 519.4 — 609.5 Total stockholders’ equity 2,005.9 2,964.6 877.8 (3,809.2 ) 2,039.1 Total liabilities and stockholders’ equity $ 5,503.3 $ 3,491.7 $ 4,622.9 $ (7,689.9 ) $ 5,928.0 TEREX CORPORATION CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS SIX MONTHS ENDED JUNE 30, 2015 (in millions) Terex Corporation Wholly-owned Guarantors Non-guarantor Subsidiaries Intercompany Eliminations Consolidated Net cash provided by (used in) operating activities $ (393.2 ) $ 315.3 $ 133.4 $ (140.3 ) $ (84.8 ) Cash flows from investing activities Capital expenditures (0.4 ) (20.5 ) (27.8 ) — (48.7 ) Proceeds from disposition of discontinued operations (2.5 ) — 3.2 — 0.7 Acquisition of businesses, net of cash acquired — (48.3 ) (11.5 ) — (59.8 ) Intercompany investing activities (1) 380.8 — (141.3 ) (239.5 ) — Other investing activities, net (1.0 ) — 7.5 (5.9 ) 0.6 Net cash provided by (used in) investing activities 376.9 (68.8 ) (169.9 ) (245.4 ) (107.2 ) Cash flows from financing activities Repayments of debt (682.3 ) (5.9 ) (14.7 ) — (702.9 ) Proceeds from issuance of debt 668.2 — 167.5 — 835.7 Share repurchases (50.3 ) — — — (50.3 ) Dividends paid (12.8 ) — — — (12.8 ) Intercompany financing activities (1) — (238.5 ) (147.2 ) 385.7 — Other financing activities, net 0.6 — (1.7 ) — (1.1 ) Net cash provided by (used in) financing activities (76.6 ) (244.4 ) 3.9 385.7 68.6 Effect of exchange rate changes on cash and cash equivalents — — (22.1 ) — (22.1 ) Net increase (decrease) in cash and cash equivalents (92.9 ) 2.1 (54.7 ) — (145.5 ) Cash and cash equivalents at beginning of period 99.0 1.9 377.3 — 478.2 Cash and cash equivalents at end of period $ 6.1 $ 4.0 $ 322.6 $ — $ 332.7 (1) Intercompany investing and financing activities include cash pooling activity between Terex Corporation and Wholly-Owned Guarantors. TEREX CORPORATION CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS SIX MONTHS ENDED JUNE 30, 2014 (in millions) Terex Corporation Wholly-owned Guarantors Non-guarantor Subsidiaries Intercompany Eliminations Consolidated Net cash provided by (used in) operating activities $ (187.4 ) $ 175.6 $ 36.3 $ — $ 24.5 Cash flows from investing activities Capital expenditures (3.0 ) (13.8 ) (20.5 ) — (37.3 ) Acquisition of businesses, net of cash acquired — — (7.4 ) — (7.4 ) Proceeds from disposition of discontinued operations 31.3 — 130.9 — 162.2 Intercompany investing activities (1) 211.1 — — (211.1 ) — Other investing activities, net — 2.1 0.5 — 2.6 Net cash provided by (used in) investing activities 239.4 (11.7 ) 103.5 (211.1 ) 120.1 Cash flows from financing activities Repayments of debt (513.8 ) (0.9 ) (122.6 ) — (637.3 ) Proceeds from issuance of debt 518.0 2.7 59.6 — 580.3 Purchase of noncontrolling interest — — (73.4 ) — (73.4 ) Share repurchases (54.9 ) — — — (54.9 ) Dividends paid (11.0 ) — — — (11.0 ) Intercompany financing activities (1) — (166.1 ) (45.0 ) 211.1 — Other financing activities, net 5.8 — 1.4 — 7.2 Net cash provided by (used in) financing activities (55.9 ) (164.3 ) (180.0 ) 211.1 (189.1 ) Effect of exchange rate changes on cash and cash equivalents — — 0.7 — 0.7 Net increase (decrease) in cash and cash equivalents (3.9 ) (0.4 ) (39.5 ) — (43.8 ) Cash and cash equivalents at beginning of period 16.3 3.9 387.9 — 408.1 Cash and cash equivalents at end of period $ 12.4 $ 3.5 $ 348.4 $ — $ 364.3 (1) Intercompany investing and financing activities include cash pooling activity between Terex Corporation and Wholly-Owned Guarantors.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accrued Warranties	Accrued Warranties . The Company records accruals for potential warranty claims based on its claim experience. The Company’s products are typically sold with a standard warranty covering defects that arise during a fixed period. Each business provides a warranty specific to the products it offers. The specific warranty offered by a business is a function of customer expectations and competitive forces. Warranty length is generally a fixed period of time, a fixed number of operating hours, or both. A liability for estimated warranty claims is accrued at the time of sale. The non-current portion of the warranty accrual is included in Other non-current liabilities in the Company’s Condensed Consolidated Balance Sheet. The liability is established using historical warranty claim experience for each product sold. Historical claim experience may be adjusted for known design improvements or for the impact of unusual product quality issues. Warranty reserves are reviewed quarterly to ensure critical assumptions are updated for known events that may affect the potential warranty liability. The following table summarizes the changes in the consolidated product warranty liability (in millions): Six Months Ended June 30, 2015 Balance at beginning of period $ 86.5 Accruals for warranties issued during the period 34.4 Changes in estimates (1.4 ) Settlements during the period (39.6 ) Foreign exchange effect/other (3.0 ) Balance at end of period $ 76.9
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value Measurements. Assets and liabilities measured at fair value on a recurring basis under the provisions of Accounting Standards Codification (“ASC”) 820, “Fair Value Measurement and Disclosure” (“ASC 820”) include interest rate swaps and foreign currency forward contracts discussed in Note I – “Derivative Financial Instruments.” These contracts are valued using a market approach, which uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. ASC 820 establishes a fair value hierarchy for those instruments measured at fair value that distinguishes between assumptions based on market data (observable inputs) and the Company’s assumptions (unobservable inputs). The hierarchy consists of three levels: Level 1 – Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2 – Quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability; and Level 3 – Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity). Determining which category an asset or liability falls within this hierarchy requires judgment. The Company evaluates its hierarchy disclosures each quarter.

BASIS OF PRESENTATION (Tables)

BASIS OF PRESENTATION (Tables)	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Product Warranty Liability [Table Text Block]	The following table summarizes the changes in the consolidated product warranty liability (in millions): Six Months Ended June 30, 2015 Balance at beginning of period $ 86.5 Accruals for warranties issued during the period 34.4 Changes in estimates (1.4 ) Settlements during the period (39.6 ) Foreign exchange effect/other (3.0 ) Balance at end of period $ 76.9

BUSINESS SEGMENT INFORMATION (T

BUSINESS SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Schedule of business segment information	Business segment information is presented below (in millions): Three Months Ended Six Months Ended 2015 2014 2015 2014 Net Sales AWP $ 677.1 $ 717.9 $ 1,184.3 $ 1,302.8 Construction 183.7 227.2 337.6 422.9 Cranes 463.8 503.5 850.7 897.1 MHPS 367.2 431.4 689.1 799.6 MP 167.8 183.1 313.5 333.1 Corporate and Other / Eliminations (31.1 ) (8.0 ) (51.1 ) (45.8 ) Total $ 1,828.5 $ 2,055.1 $ 3,324.1 $ 3,709.7 Income (loss) from Operations AWP $ 103.9 $ 113.5 $ 147.2 $ 195.7 Construction 0.7 4.0 (3.8 ) (1.0 ) Cranes 22.6 29.7 26.2 29.5 MHPS 1.3 2.7 (3.0 ) (3.6 ) MP 22.0 22.8 32.7 33.7 Corporate and Other / Eliminations (2.2 ) (11.8 ) (6.8 ) (18.4 ) Total $ 148.3 $ 160.9 $ 192.5 $ 235.9 June 30, December 31, Identifiable Assets AWP $ 1,967.6 $ 1,143.5 Construction 1,187.3 1,246.0 Cranes 1,917.5 1,959.7 MHPS 2,597.7 2,744.0 MP 912.3 813.6 Corporate and Other / Eliminations (2,575.5 ) (1,978.8 ) Total $ 6,006.9 $ 5,928.0

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	6 Months Ended
	Jun. 30, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule of discontinued operations presented in the Consolidated Financial Statements	The following amounts related to the discontinued operations were derived from historical financial information and have been segregated from continuing operations and reported as discontinued operations in the Condensed Consolidated Statement of Comprehensive Income (in millions): Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Net sales $ — $ 49.4 $ — $ 94.8 Income (loss) from discontinued operations before income taxes $ — $ 0.8 $ — $ 1.7 (Provision for) benefit from income taxes — (0.3 ) — (0.3 ) Income (loss) from discontinued operations – net of tax $ — $ 0.5 $ — $ 1.4 Gain (loss) on disposition of discontinued operations $ (0.4 ) $ 65.7 $ 3.2 $ 67.5 (Provision for) benefit from income taxes — (14.2 ) (0.5 ) (14.5 ) Gain (loss) on disposition of discontinued operations – net of tax $ (0.4 ) $ 51.5 $ 2.7 $ 53.0

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of earnings per share	(in millions, except per share data) Three Months Ended Six Months Ended 2015 2014 2015 2014 Income (loss) from continuing operations attributable to Terex Corporation common stockholders $ 85.2 $ 87.8 $ 83.1 $ 120.4 Income (loss) from discontinued operations–net of tax — 0.5 — 1.4 Gain (loss) on disposition of discontinued operations–net of tax (0.4 ) 51.5 2.7 53.0 Net income (loss) attributable to Terex Corporation $ 84.8 $ 139.8 $ 85.8 $ 174.8 Basic shares: Weighted average shares outstanding 106.2 110.3 106.2 110.5 Earnings per share – basic: Income (loss) from continuing operations $ 0.80 $ 0.80 $ 0.78 $ 1.09 Income (loss) from discontinued operations–net of tax — — — 0.01 Gain (loss) on disposition of discontinued operations–net of tax — 0.47 0.03 0.48 Net income (loss) attributable to Terex Corporation $ 0.80 $ 1.27 $ 0.81 $ 1.58 Diluted shares: Weighted average shares outstanding 106.2 110.3 106.2 110.5 Effect of dilutive securities: Stock options, restricted stock awards and convertible notes 2.8 5.5 3.7 5.9 Diluted weighted average shares outstanding 109.0 115.8 109.9 116.4 Earnings per share – diluted: Income (loss) from continuing operations $ 0.78 $ 0.76 $ 0.76 $ 1.03 Income (loss) from discontinued operations–net of tax — — — 0.01 Gain (loss) on disposition of discontinued operations–net of tax — 0.45 0.02 0.46 Net income (loss) attributable to Terex Corporation $ 0.78 $ 1.21 $ 0.78 $ 1.50
Schedule of noncontrolling interest attributable to common stockholders	The following table provides information to reconcile amounts reported on the Condensed Consolidated Statement of Comprehensive Income to amounts used to calculate earnings per share attributable to Terex Corporation common stockholders (in millions): Reconciliation of Amounts Attributable to Common Stockholders Three Months Ended Six Months Ended 2015 2014 2015 2014 Income (loss) from continuing operations $ 86.3 $ 88.4 $ 84.8 $ 119.9 Noncontrolling interest (income) loss attributed to continuing operations (1.1 ) (0.6 ) (1.7 ) 0.5 Income (loss) from continuing operations attributable to common stockholders $ 85.2 $ 87.8 $ 83.1 $ 120.4

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
Schedule of inventories	Inventories consist of the following (in millions): June 30, December 31, Finished equipment $ 539.4 $ 425.7 Replacement parts 176.1 170.5 Work-in-process 445.1 454.2 Raw materials and supplies 403.6 410.5 Inventories $ 1,564.2 $ 1,460.9

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment	Property, plant and equipment – net consist of the following (in millions): June 30, December 31, Property $ 98.4 $ 104.3 Plant 352.8 359.5 Equipment 729.4 699.5 Property, plant and equipment – gross 1,180.6 1,163.3 Less: Accumulated depreciation (500.0 ) (473.0 ) Property, plant and equipment – net $ 680.6 $ 690.3

GOODWILL AND INTANGIBLE ASSET28

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in goodwill by business segment	An analysis of changes in the Company’s goodwill by business segment is as follows (in millions): AWP Construction Cranes MHPS MP Total Balance at December 31, 2014, gross $ 138.5 $ 132.8 $ 217.6 $ 642.8 $ 198.1 $ 1,329.8 Accumulated impairment (38.6 ) (132.8 ) (4.2 ) — (23.2 ) (198.8 ) Balance at December 31, 2014, net 99.9 — 213.4 642.8 174.9 1,131.0 Acquisitions — — — — 12.5 12.5 Foreign exchange effect and other (0.9 ) — (10.8 ) (59.2 ) 1.1 (69.8 ) Balance at June 30, 2015, gross 137.6 132.8 206.8 583.6 211.7 1,272.5 Accumulated impairment (38.6 ) (132.8 ) (4.2 ) — (23.2 ) (198.8 ) Balance at June 30, 2015, net $ 99.0 $ — $ 202.6 $ 583.6 $ 188.5 $ 1,073.7
Schedule of intangible assets by class	Intangible assets, net were comprised of the following as of June 30, 2015 and December 31, 2014 (in millions): June 30, 2015 December 31, 2014 Weighted Average Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Definite-lived intangible assets: Technology 6 $ 54.6 $ (38.8 ) $ 15.8 $ 58.8 $ (38.4 ) $ 20.4 Customer Relationships 16 233.4 (80.5 ) 152.9 251.9 (78.4 ) 173.5 Land Use Rights 57 18.0 (2.0 ) 16.0 18.0 (1.8 ) 16.2 Other 7 47.8 (39.2 ) 8.6 44.6 (38.2 ) 6.4 Total definite-lived intangible assets $ 353.8 $ (160.5 ) $ 193.3 $ 373.3 $ (156.8 ) $ 216.5 Indefinite-lived intangible assets: Tradenames $ 100.3 $ 108.9 Total indefinite-lived intangible assets $ 100.3 $ 108.9
Finite-lived Intangible Assets Amortization Expense [Table Text Block]	Three Months Ended Six Months Ended (in millions) 2015 2014 2015 2014 Aggregate Amortization Expense $ 6.0 $ 9.8 $ 12.3 19.5
Schedule of intangible assets amortization expense	Estimated aggregate intangible asset amortization expense (in millions) for each of the five years below is: 2015 $ 26.0 2016 $ 24.1 2017 $ 19.7 2018 $ 15.1 2019 $ 14.8

DERIVATIVE FINANCIAL INSTRUME29

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of fair value of derivative instruments designated as hedging instruments that are reported in the Consolidated Balance Sheet	The following table provides the location and fair value amounts of derivative instruments designated as hedging instruments that are reported in the Condensed Consolidated Balance Sheet (in millions): Asset Derivatives Balance Sheet Account June 30, December 31, Foreign exchange contracts Other current assets $ 4.8 $ 10.1 Interest rate swap Other assets 0.6 — Total asset derivatives 5.4 10.1 Liability Derivatives Foreign exchange contracts Other current liabilities 4.3 10.5 Interest rate swap Other current liabilities 0.9 — Total liability derivatives 5.2 10.5 Total Derivatives $ 0.2 $ (0.4 )
Schedule of fair value of derivative instruments not designated as hedging instruments that are reported in the Consolidated Statement of Comprehensive Income and Balance Sheet	The following table provides the effect of derivative instruments that are not designated as hedges in the Condensed Consolidated Statement of Comprehensive Income (in millions): Gain (Loss) Recognized in Income on Derivatives not designated as hedges: Three Months Ended Six Months Ended Account 2015 2014 2015 2014 Other income (expense) – net $ (1.1 ) $ 0.3 $ (3.2 ) $ (1.4 ) The following table provides the location and fair value amounts of derivative instruments not designated as hedging instruments that are reported in the Condensed Consolidated Balance Sheet (in millions): Asset Derivatives Balance Sheet Account June 30, December 31, Foreign exchange contracts Other current assets $ 1.1 $ 2.2 Debt conversion feature Other assets 1.5 3.0 Total asset derivatives 2.6 5.2 Liability Derivatives Foreign exchange contracts Other current liabilities 0.9 1.0 Total liability derivatives 0.9 1.0 Total Derivatives $ 1.7 $ 4.2
Schedule of derivative instruments that are designated as hedges in the Consolidated Statement of Comprehensive Income	The following tables provide the effect of derivative instruments that are designated as hedges in the Condensed Consolidated Statement of Comprehensive Income and AOCI (in millions): Gain (Loss) Recognized in AOCI on Derivatives: Three Months Ended Six Months Ended Cash Flow Derivatives 2015 2014 2015 2014 Foreign exchange contracts $ 0.9 $ 0.5 $ 1.2 $ (2.2 ) Interest rate swap (0.1 ) — (0.1 ) — Total $ 0.8 $ 0.5 $ 1.1 $ (2.2 ) (Loss) Gain Reclassified from AOCI into Income (Effective): Three Months Ended Six Months Ended Account 2015 2014 2015 2014 Cost of goods sold $ 3.9 $ 0.6 $ 6.3 $ 2.1 Other income (expense) – net 1.1 0.3 (5.3 ) 2.5 Total $ 5.0 $ 0.9 $ 1.0 $ 4.6 Gain (Loss) Recognized in Income on Derivatives (Ineffective): Three Months Ended Six Months Ended Account 2015 2014 2015 2014 Other income (expense) – net $ (2.0 ) $ (0.7 ) $ 4.9 $ (2.8 )
Schedule of accumulated other comprehensive income (loss)	Unrealized net gains (losses), net of tax, included in AOCI are as follows (in millions): Three Months Ended Six Months Ended 2015 2014 2015 2014 Balance at beginning of period $ (0.4 ) $ — $ (0.7 ) $ 2.7 Additional gains (losses) – net 5.8 0.9 3.0 0.4 Amounts reclassified to earnings (5.0 ) (0.4 ) (1.9 ) (2.6 ) Balance at end of period $ 0.4 $ 0.5 $ 0.4 $ 0.5

RESTRUCTURING AND OTHER CHARG30

RESTRUCTURING AND OTHER CHARGES (Tables)	6 Months Ended
	Jun. 30, 2015
Restructuring and Related Activities [Abstract]
Information for all restructuring activities by segment	The following table provides information for all restructuring activities by segment of the amount of expense incurred during the six months ended June 30, 2015 , the cumulative amount of expenses incurred since inception of the programs through June 30, 2015 and the total amount expected to be incurred (in millions): Amount incurred during the six months ended June 30, 2015 Cumulative amount incurred through June 30, 2015 Total amount expected to be incurred MHPS (0.7 ) 34.8 34.8 Total $ (0.7 ) $ 34.8 $ 34.8
Information by type of restructuring activity	The following table provides information by type of restructuring activity with respect to the amount of expense incurred during the six months ended June 30, 2015 , the cumulative amount of expenses incurred since inception of the programs and the total amount expected to be incurred (in millions): Employee Termination Costs Asset Disposal and Other Costs Total Amount incurred in the six months ended June 30, 2015 $ (0.7 ) $ — $ (0.7 ) Cumulative amount incurred through June 30, 2015 $ 31.1 $ 3.7 $ 34.8 Total amount expected to be incurred $ 31.1 $ 3.7 $ 34.8
Roll forward of the restructuring reserve by type of restructuring activity	The following table provides a roll forward of the restructuring reserve by type of restructuring activity for the six months ended June 30, 2015 (in millions): Employee Termination Costs Asset Disposal and Other Costs Total Restructuring reserve at December 31, 2014 $ 40.1 $ — $ 40.1 Restructuring charges (0.7 ) — (0.7 ) Cash expenditures (2.1 ) — (2.1 ) Foreign exchange (3.2 ) — (3.2 ) Restructuring reserve at June 30, 2015 $ 34.1 $ — $ 34.1

LONG-TERM OBLIGATIONS LONG TERM

LONG-TERM OBLIGATIONS LONG TERM OBLIGATIONS (Tables)	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	Based on indicative price quotations from financial institutions multiplied by the amount recorded on the Company’s Condensed Consolidated Balance Sheet (“Book Value”), the Company estimates the fair values (“FV”) of its debt set forth below as of June 30, 2015 , as follows (in millions, except for quotes): Book Value Quote FV 6% Notes $ 850.0 $ 1.00000 $ 850 6-1/2% Notes $ 300.0 $ 1.04250 $ 313 2014 Credit Agreement Term Loan (net of discount) – USD $ 226.6 $ 1.00000 $ 227 2014 Credit Agreement Term Loan (net of discount) – EUR $ 220.4 $ 0.99250 $ 219

RETIREMENT PLANS AND OTHER BE32

RETIREMENT PLANS AND OTHER BENEFITS (Tables)	6 Months Ended
	Jun. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Schedule of components of net periodic cost	Information regarding the Company’s plans, including the SERP, was as follows (in millions): Three Months Ended Six Months Ended 2015 2014 2015 2014 U.S. Pension Non-U.S. Pension Other U.S. Pension Non-U.S. Pension Other U.S. Pension Non-U.S. Pension Other U.S. Pension Non-U.S. Pension Other Components of net periodic cost: Service cost $ 0.3 $ 1.6 $ — $ 0.2 $ 1.1 $ — $ 0.6 $ 3.2 $ — $ 0.4 $ 2.5 $ — Interest cost 1.8 3.2 — 1.8 4.1 — 3.6 6.4 0.1 3.6 9.1 0.1 Expected return on plan assets (2.4 ) (1.9 ) — (2.4 ) (1.6 ) — (4.9 ) (3.9 ) — (4.6 ) (3.9 ) — Amortization of prior service cost — — — 0.1 — — — — — 0.1 — — Amortization of actuarial loss 0.9 1.9 — 0.8 0.8 — 1.9 3.8 — 1.5 1.6 — Net periodic cost $ 0.6 $ 4.8 $ — $ 0.5 $ 4.4 $ — $ 1.2 $ 9.5 $ 0.1 $ 1.0 $ 9.3 $ 0.1

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	6 Months Ended
	Jun. 30, 2015
Stockholders' Equity Note [Abstract]
Schedule of accumulated other comprehensive income (loss)	Total non-stockholder changes in equity were as follows (in millions): Three Months Ended Six Months Ended 2015 2014 2015 2014 Net income (loss) $ 85.9 $ 140.4 $ 87.5 $ 174.3 Other comprehensive income (loss), net of tax: Cumulative translation adjustment (CTA), net of (provision for) benefit from taxes of $2.4, $1.3 and $9.2 and $1.8, respectively 85.4 23.5 (126.2 ) 41.7 Derivative hedging adjustment, net of (provision for) benefit from taxes of $(0.2), $0.2, $0.0 and $1.0, respectively 0.8 0.5 1.1 (2.2 ) Debt and equity securities adjustment, net of (provision for) benefit from taxes of $0.1, $0.0, $0.1 and $0.0, respectively (2.3 ) — (5.4 ) — Pension liability adjustment: Amortization of actuarial (gain) loss, net of provision for (benefit from) taxes of $(0.4), $(0.5), $(0.8) and $(1.0), respectively 2.4 1.2 4.9 2.2 Foreign exchange and other effects, net of (provision for) benefit from taxes of $1.1, $(1.4), $(1.3) and $(1.4), respectively (5.4 ) (0.4 ) 6.7 (0.6 ) Total pension liability adjustment (3.0 ) 0.8 11.6 1.6 Other comprehensive income (loss) 80.9 24.8 (118.9 ) 41.1 Comprehensive income (loss) 166.8 165.2 (31.4 ) 215.4 Comprehensive loss (income) attributable to noncontrolling interest (1.1 ) (0.4 ) (1.7 ) 0.9 Comprehensive income (loss) attributable to Terex Corporation $ 165.7 $ 164.8 $ (33.1 ) $ 216.3 Changes in Accumulated Other Comprehensive Income The table below presents changes in AOCI by component for the three and six months ended June 30, 2015 and 2014 . All amounts are net of tax (in millions). Three months ended June 30, 2015 Three months ended June 30, 2014 CTA Deriv. Hedging Adj. Debt & Equity Securities Adj. Pension Liability Adj. Total CTA Deriv. Hedging Adj. Debt & Equity Securities Adj. Pension Liability Adj. Total Beginning balance $ (457.1 ) $ (0.4 ) $ (1.5 ) $ (170.6 ) $ (629.6 ) $ 10.3 $ — $ — $ (110.5 ) $ (100.2 ) Other comprehensive income before reclassifications 85.4 5.8 (2.3 ) (5.4 ) 83.5 19.5 0.9 — (0.4 ) 20.0 Amounts reclassified from AOCI — (5.0 ) — 2.4 (2.6 ) 4.0 (0.4 ) — 1.2 4.8 Net other comprehensive Income (Loss) 85.4 0.8 (2.3 ) (3.0 ) 80.9 23.5 0.5 — 0.8 24.8 Ending balance $ (371.7 ) $ 0.4 $ (3.8 ) $ (173.6 ) $ (548.7 ) $ 33.8 $ 0.5 $ — $ (109.7 ) $ (75.4 ) Six months ended June 30, 2015 Six months ended June 30, 2014 CTA Deriv. Hedging Adj. Debt & Equity Securities Adj. Pension Liability Adj. Total CTA Deriv. Hedging Adj. Debt & Equity Securities Adj. Pension Liability Adj. Total Beginning balance $ (245.5 ) $ (0.7 ) $ 1.6 $ (185.2 ) $ (429.8 ) $ (7.9 ) $ 2.7 $ — $ (111.3 ) $ (116.5 ) Other comprehensive income before reclassifications (126.2 ) 3.0 (5.4 ) 6.7 (121.9 ) 37.7 0.4 — (0.6 ) 37.5 Amounts reclassified from AOCI — (1.9 ) — 4.9 3.0 4.0 (2.6 ) — 2.2 3.6 Net Other Comprehensive Income (Loss) (126.2 ) 1.1 (5.4 ) 11.6 (118.9 ) 41.7 (2.2 ) — 1.6 41.1 Ending balance $ (371.7 ) $ 0.4 $ (3.8 ) $ (173.6 ) $ (548.7 ) $ 33.8 $ 0.5 $ — $ (109.7 ) $ (75.4 )
Schedule of weighted-average assumptions used in the valuations	The following table presents the weighted-average assumptions used in the valuation: Grant date Grant date March 5, 2015 March 5, 2015 Dividend yields 0.91 % 0.91 % Expected volatility 45.48 % 37.00 % Risk free interest rate 0.98 % 0.58 % Expected life (in years) 3 2

CONSOLIDATING FINANCIAL STATE34

CONSOLIDATING FINANCIAL STATEMENTS (Tables)	6 Months Ended
	Jun. 30, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Statement of Comprehensive Income	TEREX CORPORATION CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED JUNE 30, 2015 (in millions) Terex Corporation Wholly-owned Guarantors Non-guarantor Subsidiaries Intercompany Eliminations Consolidated Net sales $ 4.7 $ 911.8 $ 1,175.0 $ (263.0 ) $ 1,828.5 Cost of goods sold (3.9 ) (731.5 ) (971.9 ) 263.0 (1,444.3 ) Gross profit 0.8 180.3 203.1 — 384.2 Selling, general and administrative expenses 1.8 (68.4 ) (169.3 ) — (235.9 ) Income (loss) from operations 2.6 111.9 33.8 — 148.3 Interest income 25.6 17.2 0.1 (41.9 ) 1.0 Interest expense (38.6 ) (1.6 ) (28.7 ) 41.9 (27.0 ) Income (loss) from subsidiaries 106.7 0.3 1.0 (108.0 ) — Other income (expense) – net (22.0 ) 4.8 14.2 — (3.0 ) Income (loss) from continuing operations before income taxes 74.3 132.6 20.4 (108.0 ) 119.3 (Provision for) benefit from income taxes 10.5 (39.0 ) (4.5 ) — (33.0 ) Income (loss) from continuing operations 84.8 93.6 15.9 (108.0 ) 86.3 Gain (loss) on disposition of discontinued operations – net of tax — — (0.4 ) — (0.4 ) Net income (loss) 84.8 93.6 15.5 (108.0 ) 85.9 Net loss (income) attributable to noncontrolling interest — — (1.1 ) — (1.1 ) Net income (loss) attributable to Terex Corporation $ 84.8 $ 93.6 $ 14.4 $ (108.0 ) $ 84.8 Comprehensive income (loss), net of tax $ 165.7 $ 93.9 $ 30.0 $ (122.8 ) $ 166.8 Comprehensive loss (income) attributable to noncontrolling interest — — (1.1 ) — (1.1 ) Comprehensive income (loss) attributable to Terex Corporation $ 165.7 $ 93.9 $ 28.9 $ (122.8 ) $ 165.7 TEREX CORPORATION CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) SIX MONTHS ENDED JUNE 30, 2015 (in millions) Terex Corporation Wholly-owned Guarantors Non-guarantor Subsidiaries Intercompany Eliminations Consolidated Net sales $ 5.5 $ 1,644.5 $ 2,154.7 $ (480.6 ) $ 3,324.1 Cost of goods sold (4.1 ) (1,356.5 ) (1,783.3 ) 480.6 (2,663.3 ) Gross profit 1.4 288.0 371.4 — 660.8 Selling, general and administrative expenses 13.9 (139.8 ) (342.4 ) — (468.3 ) Income (loss) from operations 15.3 148.2 29.0 — 192.5 Interest income 52.7 34.2 1.1 (86.0 ) 2.0 Interest expense (78.6 ) (2.6 ) (60.0 ) 86.0 (55.2 ) Income (loss) from subsidiaries 118.2 (0.8 ) 0.6 (118.0 ) — Other income (expense) – net (38.1 ) (3.8 ) 32.0 — (9.9 ) Income (loss) from continuing operations before income taxes 69.5 175.2 2.7 (118.0 ) 129.4 (Provision for) benefit from income taxes 16.3 (47.7 ) (13.2 ) — (44.6 ) Income (loss) from continuing operations 85.8 127.5 (10.5 ) (118.0 ) 84.8 Gain (loss) on disposition of discontinued operations – net of tax — — 2.7 — 2.7 Net income (loss) 85.8 127.5 (7.8 ) (118.0 ) 87.5 Net loss (income) attributable to noncontrolling interest — — (1.7 ) — (1.7 ) Net income (loss) attributable to Terex Corporation $ 85.8 $ 127.5 $ (9.5 ) $ (118.0 ) $ 85.8 Comprehensive income (loss), net of tax $ (33.1 ) $ 127.6 $ (131.0 ) $ 5.1 $ (31.4 ) Comprehensive loss (income) attributable to noncontrolling interest — — (1.7 ) — (1.7 ) Comprehensive income (loss) attributable to Terex Corporation $ (33.1 ) $ 127.6 $ (132.7 ) $ 5.1 $ (33.1 ) TEREX CORPORATION CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) THREE MONTHS ENDED JUNE 30, 2014 (in millions) Terex Corporation Wholly-owned Guarantors Non-guarantor Subsidiaries Intercompany Eliminations Consolidated Net sales $ 1.1 $ 1,018.6 $ 1,320.9 $ (285.5 ) $ 2,055.1 Cost of goods sold (0.9 ) (820.9 ) (1,095.0 ) 285.5 (1,631.3 ) Gross profit 0.2 197.7 225.9 — 423.8 Selling, general and administrative expenses (4.9 ) (64.2 ) (193.8 ) — (262.9 ) Income (loss) from operations (4.7 ) 133.5 32.1 — 160.9 Interest income 32.3 18.7 0.8 (50.6 ) 1.2 Interest expense (42.3 ) (4.3 ) (35.7 ) 50.6 (31.7 ) Income (loss) from subsidiaries 152.5 0.4 (0.3 ) (152.6 ) — Other income (expense) – net (11.8 ) 2.3 7.5 — (2.0 ) Income (loss) from continuing operations before income taxes 126.0 150.6 4.4 (152.6 ) 128.4 (Provision for) benefit from income taxes 10.6 (46.2 ) (4.4 ) — (40.0 ) Income (loss) from continuing operations 136.6 104.4 — (152.6 ) 88.4 Income (loss) from discontinued operations – net of tax 0.7 — (0.2 ) — 0.5 Gain (loss) on disposition of discontinued operations – net of tax 2.5 — 49.0 — 51.5 Net income (loss) 139.8 104.4 48.8 (152.6 ) 140.4 Net loss (income) attributable to noncontrolling interest — — (0.6 ) — (0.6 ) Net income (loss) attributable to Terex Corporation $ 139.8 $ 104.4 $ 48.2 $ (152.6 ) $ 139.8 Comprehensive income (loss), net of tax $ 164.8 $ 104.6 $ 48.7 $ (152.9 ) $ 165.2 Comprehensive loss (income) attributable to noncontrolling interest — — (0.4 ) — (0.4 ) Comprehensive income (loss) attributable to Terex Corporation $ 164.8 $ 104.6 $ 48.3 $ (152.9 ) $ 164.8 TEREX CORPORATION CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) SIX MONTHS ENDED JUNE 30, 2014 (in millions) Terex Corporation Wholly-owned Guarantors Non-guarantor Subsidiaries Intercompany Eliminations Consolidated Net sales $ 39.9 $ 1,802.4 $ 2,441.4 $ (574.0 ) $ 3,709.7 Cost of goods sold (37.0 ) (1,459.3 ) (2,030.2 ) 574.0 (2,952.5 ) Gross profit 2.9 343.1 411.2 — 757.2 Selling, general and administrative expenses (4.9 ) (134.0 ) (382.4 ) — (521.3 ) Income (loss) from operations (2.0 ) 209.1 28.8 — 235.9 Interest income 63.8 36.6 1.7 (99.6 ) 2.5 Interest expense (82.8 ) (8.5 ) (70.4 ) 99.6 (62.1 ) Income (loss) from subsidiaries 199.7 4.1 (1.7 ) (202.1 ) — Other income (expense) – net (23.0 ) 2.5 15.6 — (4.9 ) Income (loss) from continuing operations before income taxes 155.7 243.8 (26.0 ) (202.1 ) 171.4 (Provision for) benefit from income taxes 16.0 (74.1 ) 6.6 — (51.5 ) Income (loss) from continuing operations 171.7 169.7 (19.4 ) (202.1 ) 119.9 Income (loss) from discontinued operations – net of tax 0.6 — 0.8 — 1.4 Gain (loss) on disposition of discontinued operations – net of tax 2.5 — 50.5 — 53.0 Net income (loss) 174.8 169.7 31.9 (202.1 ) 174.3 Net loss (income) attributable to noncontrolling interest — — 0.5 — 0.5 Net income (loss) attributable to Terex Corporation $ 174.8 $ 169.7 $ 32.4 $ (202.1 ) $ 174.8 Comprehensive income (loss), net of tax $ 216.3 $ 170.4 $ 44.3 $ (215.6 ) $ 215.4 Comprehensive loss (income) attributable to noncontrolling interest — — 0.9 — 0.9 Comprehensive income (loss) attributable to Terex Corporation $ 216.3 $ 170.4 $ 45.2 $ (215.6 ) $ 216.3
Condensed Consolidating Balance Sheet	TEREX CORPORATION CONDENSED CONSOLIDATING BALANCE SHEET JUNE 30, 2015 (in millions) Terex Corporation Wholly-owned Guarantors Non-guarantor Subsidiaries Intercompany Eliminations Consolidated Assets Current assets Cash and cash equivalents $ 6.1 $ 4.0 $ 322.6 $ — $ 332.7 Trade receivables – net 9.8 422.5 820.2 — 1,252.5 Intercompany receivables 78.7 122.5 86.1 (287.3 ) — Inventories 0.2 501.1 1,062.9 — 1,564.2 Prepaid assets 64.1 40.3 155.7 — 260.1 Other current assets 51.7 — 23.1 — 74.8 Total current assets 210.6 1,090.4 2,470.6 (287.3 ) 3,484.3 Property, plant and equipment – net 62.9 130.8 486.9 — 680.6 Goodwill — 181.6 892.1 — 1,073.7 Non-current intercompany receivables 1,399.5 2,312.1 0.8 (3,712.4 ) — Investment in and advances to (from) subsidiaries 3,856.1 196.6 191.7 (4,138.7 ) 105.7 Other assets 39.1 87.1 536.4 — 662.6 Total assets $ 5,568.2 $ 3,998.6 $ 4,578.5 $ (8,138.4 ) $ 6,006.9 Liabilities and Stockholders’ Equity Current liabilities Notes payable and current portion of long-term debt $ — $ 1.3 $ 71.3 $ — $ 72.6 Trade accounts payable 13.4 306.7 494.3 — 814.4 Intercompany payables 2.9 85.3 199.1 (287.3 ) — Accruals and other current liabilities 63.8 138.9 580.5 — 783.2 Total current liabilities 80.1 532.2 1,345.2 (287.3 ) 1,670.2 Long-term debt, less current portion 1,264.9 2.5 566.6 — 1,834.0 Non-current intercompany payables 2,248.4 22.4 1,441.6 (3,712.4 ) — Retirement plans and other non-current liabilities 59.8 27.3 466.0 — 553.1 Total stockholders’ equity 1,915.0 3,414.2 759.1 (4,138.7 ) 1,949.6 Total liabilities and stockholders’ equity $ 5,568.2 $ 3,998.6 $ 4,578.5 $ (8,138.4 ) $ 6,006.9 TEREX CORPORATION CONDENSED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2014 (in millions) Terex Corporation Wholly-owned Guarantors Non-guarantor Subsidiaries Intercompany Eliminations Consolidated Assets Current assets Cash and cash equivalents $ 99.0 $ 1.9 $ 377.3 $ — $ 478.2 Trade receivables – net 7.7 307.4 771.3 — 1,086.4 Intercompany receivables 55.3 85.9 136.3 (277.5 ) — Inventories — 374.5 1,086.4 — 1,460.9 Prepaid assets 100.8 32.9 114.3 — 248.0 Other current assets 65.7 0.1 16.9 — 82.7 Total current assets 328.5 802.7 2,502.5 (277.5 ) 3,356.2 Property, plant and equipment – net 65.4 117.0 507.9 — 690.3 Goodwill — 170.1 960.9 — 1,131.0 Non-current intercompany receivables 1,501.4 2,059.9 41.9 (3,603.2 ) — Investment in and advances to (from) subsidiaries 3,564.2 199.3 152.0 (3,809.2 ) 106.3 Other assets 43.8 142.7 457.7 — 644.2 Total assets $ 5,503.3 $ 3,491.7 $ 4,622.9 $ (7,689.9 ) $ 5,928.0 Liabilities and Stockholders’ Equity Current liabilities Notes payable and current portion of long-term debt $ 125.0 $ 2.0 $ 25.5 $ — $ 152.5 Trade accounts payable 18.0 212.6 505.5 — 736.1 Intercompany payables 19.8 117.8 139.9 (277.5 ) — Accruals and other current liabilities 74.6 118.1 561.8 — 754.5 Total current liabilities 237.4 450.5 1,232.7 (277.5 ) 1,643.1 Long-term debt, less current portion 1,150.0 7.6 478.7 — 1,636.3 Non-current intercompany payables 2,047.1 41.8 1,514.3 (3,603.2 ) — Retirement plans and other non-current liabilities 62.9 27.2 519.4 — 609.5 Total stockholders’ equity 2,005.9 2,964.6 877.8 (3,809.2 ) 2,039.1 Total liabilities and stockholders’ equity $ 5,503.3 $ 3,491.7 $ 4,622.9 $ (7,689.9 ) $ 5,928.0
Condensed Consolidating Statement of Cash Flows	TEREX CORPORATION CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS SIX MONTHS ENDED JUNE 30, 2015 (in millions) Terex Corporation Wholly-owned Guarantors Non-guarantor Subsidiaries Intercompany Eliminations Consolidated Net cash provided by (used in) operating activities $ (393.2 ) $ 315.3 $ 133.4 $ (140.3 ) $ (84.8 ) Cash flows from investing activities Capital expenditures (0.4 ) (20.5 ) (27.8 ) — (48.7 ) Proceeds from disposition of discontinued operations (2.5 ) — 3.2 — 0.7 Acquisition of businesses, net of cash acquired — (48.3 ) (11.5 ) — (59.8 ) Intercompany investing activities (1) 380.8 — (141.3 ) (239.5 ) — Other investing activities, net (1.0 ) — 7.5 (5.9 ) 0.6 Net cash provided by (used in) investing activities 376.9 (68.8 ) (169.9 ) (245.4 ) (107.2 ) Cash flows from financing activities Repayments of debt (682.3 ) (5.9 ) (14.7 ) — (702.9 ) Proceeds from issuance of debt 668.2 — 167.5 — 835.7 Share repurchases (50.3 ) — — — (50.3 ) Dividends paid (12.8 ) — — — (12.8 ) Intercompany financing activities (1) — (238.5 ) (147.2 ) 385.7 — Other financing activities, net 0.6 — (1.7 ) — (1.1 ) Net cash provided by (used in) financing activities (76.6 ) (244.4 ) 3.9 385.7 68.6 Effect of exchange rate changes on cash and cash equivalents — — (22.1 ) — (22.1 ) Net increase (decrease) in cash and cash equivalents (92.9 ) 2.1 (54.7 ) — (145.5 ) Cash and cash equivalents at beginning of period 99.0 1.9 377.3 — 478.2 Cash and cash equivalents at end of period $ 6.1 $ 4.0 $ 322.6 $ — $ 332.7 (1) Intercompany investing and financing activities include cash pooling activity between Terex Corporation and Wholly-Owned Guarantors. TEREX CORPORATION CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS SIX MONTHS ENDED JUNE 30, 2014 (in millions) Terex Corporation Wholly-owned Guarantors Non-guarantor Subsidiaries Intercompany Eliminations Consolidated Net cash provided by (used in) operating activities $ (187.4 ) $ 175.6 $ 36.3 $ — $ 24.5 Cash flows from investing activities Capital expenditures (3.0 ) (13.8 ) (20.5 ) — (37.3 ) Acquisition of businesses, net of cash acquired — — (7.4 ) — (7.4 ) Proceeds from disposition of discontinued operations 31.3 — 130.9 — 162.2 Intercompany investing activities (1) 211.1 — — (211.1 ) — Other investing activities, net — 2.1 0.5 — 2.6 Net cash provided by (used in) investing activities 239.4 (11.7 ) 103.5 (211.1 ) 120.1 Cash flows from financing activities Repayments of debt (513.8 ) (0.9 ) (122.6 ) — (637.3 ) Proceeds from issuance of debt 518.0 2.7 59.6 — 580.3 Purchase of noncontrolling interest — — (73.4 ) — (73.4 ) Share repurchases (54.9 ) — — — (54.9 ) Dividends paid (11.0 ) — — — (11.0 ) Intercompany financing activities (1) — (166.1 ) (45.0 ) 211.1 — Other financing activities, net 5.8 — 1.4 — 7.2 Net cash provided by (used in) financing activities (55.9 ) (164.3 ) (180.0 ) 211.1 (189.1 ) Effect of exchange rate changes on cash and cash equivalents — — 0.7 — 0.7 Net increase (decrease) in cash and cash equivalents (3.9 ) (0.4 ) (39.5 ) — (43.8 ) Cash and cash equivalents at beginning of period 16.3 3.9 387.9 — 408.1 Cash and cash equivalents at end of period $ 12.4 $ 3.5 $ 348.4 $ — $ 364.3 (1) Intercompany investing and financing activities include cash pooling activity between Terex Corporation and Wholly-Owned Guarantors.

BASIS OF PRESENTATION (Details)

BASIS OF PRESENTATION (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Cash and Cash Equivalents
Cash and cash equivalents, not immediately available for use	$ 20.8	$ 13.5
Changes in consolidated current and non-current product warranty liability
Balance at beginning of period	86.5
Accruals for warranties issued during the period	34.4
Changes in estimates	(1.4)
Settlements during the period	(39.6)
Foreign exchange effect/other	(3)
Balance at end of period	$ 76.9

BUSINESS SEGMENT INFORMATION (D

BUSINESS SEGMENT INFORMATION (Details) $ in Millions	May. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)segments	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Segment Reporting Information
Number of Reportable Segments | segments				5
Net sales		$ 1,828.5	$ 2,055.1	$ 3,324.1	$ 3,709.7
Income (Loss) from Operations		148.3	160.9	192.5	235.9
Total assets		6,006.9		6,006.9		$ 5,928
Aerial Work Platforms
Segment Reporting Information
Net sales		677.1	717.9	1,184.3	1,302.8
Income (Loss) from Operations		103.9	113.5	147.2	195.7
Total assets		1,967.6		1,967.6		1,143.5
Construction
Segment Reporting Information
Net sales		183.7	227.2	337.6	422.9
Income (Loss) from Operations		0.7	4	(3.8)	(1)
Total assets		1,187.3		1,187.3		1,246
Proceeds from Divestiture of Businesses	$ 160
Cranes
Segment Reporting Information
Net sales		463.8	503.5	850.7	897.1
Income (Loss) from Operations		22.6	29.7	26.2	29.5
Total assets		1,917.5		1,917.5		1,959.7
Material Handling & Port Solutions [Member]
Segment Reporting Information
Net sales		367.2	431.4	689.1	799.6
Income (Loss) from Operations		1.3	2.7	(3)	(3.6)
Total assets		2,597.7		2,597.7		2,744
Materials Processing
Segment Reporting Information
Net sales		167.8	183.1	313.5	333.1
Income (Loss) from Operations		22	22.8	32.7	33.7
Total assets		912.3		912.3		813.6
Corporate and Other [Member]
Segment Reporting Information
Net sales		(31.1)	(8)	(51.1)	(45.8)
Income (Loss) from Operations		(2.2)	$ (11.8)	(6.8)	$ (18.4)
Total assets		$ (2,575.5)		$ (2,575.5)		$ (1,978.8)

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Disclosure Income Taxes
Recognized income tax expense	$ 33	$ 40	$ 44.6	$ 51.5
Income (loss) from continuing operations before income taxes	$ 119.3	$ 128.4	$ 129.4	$ 171.4
Effective Income Tax Rate, Continuing Operations	27.70%	31.20%	34.50%	30.00%

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Details) - USD ($) $ in Millions	May. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Discontinued operations in the Consolidated Statement of Comprehensive Income
Net sales		$ 0	$ 49.4	$ 0	$ 94.8
Income (loss) from discontinued operations before income taxes		0	0.8	0	1.7
(Provision for) benefit from income taxes		0	(0.3)	0	(0.3)
Income (loss) from discontinued operations – net of tax		0	0.5	0	1.4
Gain (loss) on disposition of discontinued operations		(0.4)	65.7	3.2	67.5
(Provision for) benefit from income taxes		0	(14.2)	(0.5)	(14.5)
Gain (loss) on disposition of discontinued operations – net of tax		$ (0.4)	51.5	2.7	53
Atlas Member
Discontinued operations in the Consolidated Statement of Comprehensive Income
Gain (loss) on disposition of discontinued operations – net of tax				$ 2.8	1.5
Truck Business [Member]
Discontinued operations in the Consolidated Statement of Comprehensive Income
Gain (loss) on disposition of discontinued operations – net of tax			$ 51.5		$ 51.5
Construction
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from Divestiture of Businesses	$ 160

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 01, 2015	Dec. 31, 2014	Jun. 03, 2009
Earnings per share
Income (loss) from continuing operations attributable to Terex Corporation common stockholders	$ 85.2	$ 87.8	$ 83.1	$ 120.4
Income (loss) from discontinued operations – net of tax	0	0.5	0	1.4
Gain (loss) on disposition of discontinued operations – net of tax	(0.4)	51.5	2.7	53
Net income (loss) attributable to Terex Corporation	$ 84.8	$ 139.8	$ 85.8	$ 174.8
Basic shares:
Weighted average shares outstanding (in shares)	106.2	110.3	106.2	110.5
Earnings per share - basic:
Income (loss) from continuing operations (in dollars per share)	$ 0.80	$ 0.80	$ 0.78	$ 1.09
Income (loss) from discontinued operations - net of tax (in dollars per share)	0	0	0	0.01
Gain (loss) on disposition of discontinued operations - net of tax (in dollars per share)	0	0.47	0.03	0.48
Net income (loss) attributable to Terex Corporation (in dollars per share)	$ 0.80	$ 1.27	$ 0.81	$ 1.58
Diluted shares:
Weighted average shares outstanding (in shares)	106.2	110.3	106.2	110.5
Effect of dilutive securities:
Stock options, restricted stock awards and convertible notes [in shares]	2.8	5.5	3.7	5.9
Diluted weighted average shares outstanding (in shares)	109	115.8	109.9	116.4
Earnings per share - diluted:
Income (loss) from continuing operations (in dollars per share)	$ 0.78	$ 0.76	$ 0.76	$ 1.03
Income (loss) from discontinued operations - net of tax (in dollars per share)	0	0	0	0.01
Gain (loss) on disposition of discontinued operations - net of tax (in dollars per share)	0	0.45	0.02	0.46
Net income (loss) attributable to Terex Corporation (in dollars per share)	$ 0.78	$ 1.21	$ 0.78	$ 1.50
Reconciliation of amounts attributable to common stockholders:
Income (loss) from continuing operations [in dollars]	$ 86.3	$ 88.4	$ 84.8	$ 119.9
Noncontrolling interest (income) loss attributed to continuing operations	(1.1)	(0.6)	(1.7)	0.5
Income (loss) from continuing operations attributable to common stockholders [in dollars]	$ 85.2	$ 87.8	$ 83.1	$ 120.4
Other details of antidilutive securities
Common Stock, Par or Stated Value Per Share	$ 0.01		$ 0.01			$ 0.01
Shares, Issued					3.4
Incremental Common Shares Attributable to Contingently Issuable Shares	2.3	4.7	2.8	4.7
Convertible Subordinated Debt [Member]
Other details of antidilutive securities
Interest rate of debt securities (as a percent)							4.00%
Stock Options
Other details of antidilutive securities
Antidilutive securities excluded from computation of earnings per share (in shares)	0.1	0.1	0.1	0.1
Restricted Stock
Other details of antidilutive securities
Antidilutive securities excluded from computation of earnings per share (in shares)	0.8	0.3	0.9	0.3

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Inventory Disclosure [Abstract]
Finished equipment	$ 539.4	$ 425.7
Replacement parts	176.1	170.5
Work-in-process	445.1	454.2
Raw materials and supplies	403.6	410.5
Inventories	1,564.2	1,460.9
Inventory reserves	$ 106.1	$ 116.3

PROPERTY, PLANT AND EQUIPMENT41

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Property, plant and equipment.
Gross property, plant and equipment	$ 1,180.6	$ 1,163.3
Less: Accumulated depreciation	(500)	(473)
Net property, plant and equipment	680.6	690.3
Property
Property, plant and equipment.
Gross property, plant and equipment	98.4	104.3
Plant
Property, plant and equipment.
Gross property, plant and equipment	352.8	359.5
Equipment
Property, plant and equipment.
Gross property, plant and equipment	$ 729.4	$ 699.5

GOODWILL AND INTANGIBLE ASSET42

GOODWILL AND INTANGIBLE ASSETS, NET (Details) - Jun. 30, 2015 - USD ($) $ in Millions	Total
Changes in goodwill by business segment
Balance at the beginning of the period, goodwill gross	$ 1,329.8
Balance at the beginning of the period, accumulated impairment on goodwill	(198.8)
Balance at the beginning of the period, goodwill net	1,131
Goodwill, Acquired During Period	12.5
Foreign exchange effect and other	(69.8)
Balance at the end of the period, goodwill gross	1,272.5
Balance at the end of the period, accumulated impairment on goodwill	(198.8)
Balance at the end of the period, goodwill net	$ 1,073.7
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	20.00%
Aerial Work Platforms
Changes in goodwill by business segment
Balance at the beginning of the period, goodwill gross	$ 138.5
Balance at the beginning of the period, accumulated impairment on goodwill	(38.6)
Balance at the beginning of the period, goodwill net	99.9
Goodwill, Acquired During Period	0
Foreign exchange effect and other	(0.9)
Balance at the end of the period, goodwill gross	137.6
Balance at the end of the period, accumulated impairment on goodwill	(38.6)
Balance at the end of the period, goodwill net	99
Construction
Changes in goodwill by business segment
Balance at the beginning of the period, goodwill gross	132.8
Balance at the beginning of the period, accumulated impairment on goodwill	(132.8)
Balance at the beginning of the period, goodwill net	0
Goodwill, Acquired During Period	0
Foreign exchange effect and other	0
Balance at the end of the period, goodwill gross	132.8
Balance at the end of the period, accumulated impairment on goodwill	(132.8)
Balance at the end of the period, goodwill net	0
Cranes
Changes in goodwill by business segment
Balance at the beginning of the period, goodwill gross	217.6
Balance at the beginning of the period, accumulated impairment on goodwill	(4.2)
Balance at the beginning of the period, goodwill net	213.4
Goodwill, Acquired During Period	0
Foreign exchange effect and other	(10.8)
Balance at the end of the period, goodwill gross	206.8
Balance at the end of the period, accumulated impairment on goodwill	(4.2)
Balance at the end of the period, goodwill net	202.6
Material Handling & Port Solutions [Member]
Changes in goodwill by business segment
Balance at the beginning of the period, goodwill gross	642.8
Balance at the beginning of the period, accumulated impairment on goodwill	0
Balance at the beginning of the period, goodwill net	642.8
Goodwill, Acquired During Period	0
Foreign exchange effect and other	(59.2)
Balance at the end of the period, goodwill gross	583.6
Balance at the end of the period, accumulated impairment on goodwill	0
Balance at the end of the period, goodwill net	583.6
Materials Processing
Changes in goodwill by business segment
Balance at the beginning of the period, goodwill gross	198.1
Balance at the beginning of the period, accumulated impairment on goodwill	(23.2)
Balance at the beginning of the period, goodwill net	174.9
Goodwill, Acquired During Period	12.5
Foreign exchange effect and other	1.1
Balance at the end of the period, goodwill gross	211.7
Balance at the end of the period, accumulated impairment on goodwill	(23.2)
Balance at the end of the period, goodwill net	$ 188.5

GOODWILL AND INTANGIBLE ASSET43

GOODWILL AND INTANGIBLE ASSETS, NET GOODWILL AND INTANGIBLE ASSETS, NET - INTANGIBLE ASSETS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Definite-lived intangible assets - Gross Carrying Amount	$ 353.8		$ 353.8		$ 373.3
Definite-lived intangible assets - Accumulated Amortization	(160.5)		(160.5)		(156.8)
Definite-lived intangible assets - Net Carrying Amount	193.3		193.3		216.5
Indefinite-lived intangible assets - Gross Carrying Amount	100.3		100.3		108.9
Aggregate Amortization Expense	6	$ 9.8	12.3	$ 19.5
Finite-Lived Intangible Assets, Future Amortization Expense [Abstract]
2,015	26		26
2,016	24.1		24.1
2,017	19.7		19.7
2,018	15.1		15.1
2,019	14.8		14.8
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets - Gross Carrying Amount	100.3		$ 100.3		108.9
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Definite-lived intangible assets - Weighted Average Life (in years)			6 years
Definite-lived intangible assets - Gross Carrying Amount	54.6		$ 54.6		58.8
Definite-lived intangible assets - Accumulated Amortization	(38.8)		(38.8)		(38.4)
Definite-lived intangible assets - Net Carrying Amount	15.8		$ 15.8		20.4
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Definite-lived intangible assets - Weighted Average Life (in years)			16 years
Definite-lived intangible assets - Gross Carrying Amount	233.4		$ 233.4		251.9
Definite-lived intangible assets - Accumulated Amortization	(80.5)		(80.5)		(78.4)
Definite-lived intangible assets - Net Carrying Amount	152.9		$ 152.9		173.5
Land Use Rights [Member]
Finite-Lived Intangible Assets [Line Items]
Definite-lived intangible assets - Weighted Average Life (in years)			57 years
Definite-lived intangible assets - Gross Carrying Amount	18		$ 18		18
Definite-lived intangible assets - Accumulated Amortization	(2)		(2)		(1.8)
Definite-lived intangible assets - Net Carrying Amount	16		$ 16		16.2
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Definite-lived intangible assets - Weighted Average Life (in years)			7 years
Definite-lived intangible assets - Gross Carrying Amount	47.8		$ 47.8		44.6
Definite-lived intangible assets - Accumulated Amortization	(39.2)		(39.2)		(38.2)
Definite-lived intangible assets - Net Carrying Amount	$ 8.6		$ 8.6		$ 6.4

DERIVATIVE FINANCIAL INSTRUME44

DERIVATIVE FINANCIAL INSTRUMENTS (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)types	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Derivative [Line Items]
Derivatives, Derivative Types | types			2
Period of time that currency exchange forward contracts generally mature			1 year
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months			$ (0.2)
Unrealized net gains (losses) included in Accumulated other comprehensive income
Balance at beginning of period	$ (0.4)	$ 0	(0.7)	$ 2.7
Additional (losses) gains	5.8	0.9	3	0.4
Amounts reclassified to earnings	(5)	(0.4)	(1.9)	(2.6)
Balance at end of period	0.4	0.5	0.4	0.5
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Derivative [Line Items]
Foreign Currency Cash Flow Hedge Derivative at Fair Value, Net	0.5		0.5		$ 0.4
Interest Rate Cash Flow Hedge Derivative at Fair Value, Net	0.3		0.3
Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	5.4		5.4		10.1
Derivative Liability, Fair Value, Gross Liability	5.2		5.2		10.5
Derivative, Fair Value, Net	0.2		0.2		(0.4)
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	2.6		2.6		5.2
Derivative Liability, Fair Value, Gross Liability	0.9		0.9		1
Derivative, Fair Value, Net	1.7		1.7		4.2
Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative, Notional Amount	199.7		199.7
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Notional Amount	143		143
Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative, Notional Amount	146.5		146.5
Unrealized gain on fair value of currency exchange forward cash flow hedge contracts			0.7
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	5	0.9	1	4.6
Cost of Sales [Member] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	3.9	0.6	6.3	2.1
Other Income (Expense) Net [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	(1.1)	0.3	(3.2)	(1.4)
Other Income (Expense) Net [Member] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	1.1	0.3	(5.3)	2.5
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	(2)	(0.7)	4.9	(2.8)
Other Comprehensive Income (Loss) [Member] | Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	0.8	0.5	1.1	(2.2)
Other Comprehensive Income (Loss) [Member] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	0.9	$ 0.5	1.2	$ (2.2)
Other Current Assets [Member] | Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	4.8		4.8		10.1
Other Current Assets [Member] | Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	1.1		1.1		2.2
Other Assets [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	0.6		0.6		0
Other Assets [Member] | Convertible Debt Securities [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	1.5		1.5		3
Other Current Liabilities [Member] | Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability	4.3		4.3		10.5
Other Current Liabilities [Member] | Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability	0.9		0.9		1
Other Current Liabilities [Member] | Interest Rate Swap [Member] | Designated as Hedging Instrument [Member]
Derivative [Line Items]
Derivative Liability, Fair Value, Gross Liability	$ 0.9		$ 0.9		$ 0

RESTRUCTURING AND OTHER CHARG45

RESTRUCTURING AND OTHER CHARGES (Details) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2014USD ($)teammembers	Sep. 30, 2014USD ($)teammembers	Jun. 30, 2015USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost			$ (0.7)
Cumulative amount incurred			34.8
Total amount expected to be incurred			34.8
Roll forward of the restructuring reserve by type of restructuring activity
Restructuring reserve balance at the beginning of the period			40.1
Restructuring charges			(0.7)
Cash expenditures			(2.1)
Restructuring Reserve, Translation and Other Adjustment			(3.2)
Restructuring reserve balance at the end of the period	$ 40.1		34.1
Employee Termination Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost			(0.7)
Cumulative amount incurred			31.1
Total amount expected to be incurred			31.1
Roll forward of the restructuring reserve by type of restructuring activity
Restructuring reserve balance at the beginning of the period			40.1
Restructuring charges			(0.7)
Cash expenditures			(2.1)
Restructuring Reserve, Translation and Other Adjustment			(3.2)
Restructuring reserve balance at the end of the period	40.1		34.1
Asset Disposal and Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost			0
Cumulative amount incurred			3.7
Total amount expected to be incurred			3.7
Roll forward of the restructuring reserve by type of restructuring activity
Restructuring reserve balance at the beginning of the period			0
Restructuring charges			0
Cash expenditures			0
Restructuring Reserve, Translation and Other Adjustment			0
Restructuring reserve balance at the end of the period	$ 0		0
Material Handling & Port Solutions [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Incurred Cost			(0.7)
Cumulative amount incurred			34.8
Total amount expected to be incurred			$ 34.8
Restructuring and Related Cost, Expected Number of Positions Eliminated | teammembers	115	84
GERMANY | Material Handling & Port Solutions [Member]
Restructuring Cost and Reserve [Line Items]
Total amount expected to be incurred	$ 24.1	$ 10.7

LONG-TERM OBLIGATIONS (Details)

LONG-TERM OBLIGATIONS (Details) $ / shares in Units, € in Millions, shares in Millions, $ in Millions	1 Months Ended		3 Months Ended	6 Months Ended		10 Months Ended
	Jun. 30, 2015USD ($)factor$ / shares	Aug. 31, 2012	Jun. 30, 2015USD ($)factor$ / shares	Jun. 30, 2015USD ($)factor$ / shares	Jun. 30, 2014USD ($)	May. 28, 2015USD ($)	Jun. 01, 2015shares	Dec. 31, 2014USD ($)$ / shares	Aug. 13, 2014EUR (€)	Aug. 13, 2014USD ($)	Nov. 26, 2012USD ($)	Mar. 27, 2012	Mar. 26, 2012USD ($)	Jun. 03, 2009USD ($)	Nov. 13, 2007USD ($)
Debt Instrument
Springing Covenant Threshold									30.00%	30.00%
Letters of Credit Outstanding, Amount	$ 243.8		$ 243.8	$ 243.8				$ 291.9
Repayments of Debt				$ 702.9	$ 637.3
Shares, Issued | shares							3.4
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.01		$ 0.01	$ 0.01				$ 0.01
Credit Agreement 2014 [Member]
Debt Instrument
Revolving line of credit available borrowing capacity										$ 600
Long-term Line of Credit	$ 114.8		$ 114.8	$ 114.8
Debt Instrument Covenant Minimum Interest Coverage Ratio				2.5
Debt Instrument Covenant Senior Secured Debt Leverage Ratio Maximum				2.75
Long-term Debt	$ 447		$ 447	$ 447				$ 467.9
Debt, Weighted Average Interest Rate	3.50%		3.50%	3.50%				3.76%
Maximum amount of letters of credit available under the Credit Agreement										400
Letters of Credit Outstanding, Amount	$ 0		$ 0	$ 0
Letters of Credit Maximum Available under Additional Facilities										$ 300
Percentage of capital stock of foreign subsidiary pledged as collateral for borrowings (as a percent)									65.00%	65.00%
Term Loan [Member]
Debt Instrument
Long-term Line of Credit										$ 230
Long-term Debt	$ 226.6		$ 226.6	$ 226.6
Debt Instrument Market Quote | factor	1		1	1
Term Loan Euro [Member]
Debt Instrument
Long-term Line of Credit | €									€ 200
Debt Instrument, Basis Spread on Variable Rate	2.75%					3.25%
Debt Instrument, Interest Rate, Stated Percentage Rate Range, Minimum				0.75%
Long-term Debt	$ 220.4		$ 220.4	$ 220.4
Debt Instrument Market Quote | factor	0.99250		0.99250	0.99250
2014 Credit Agreement Additional LC Arrangements [Member]
Debt Instrument
Letters of Credit Outstanding, Amount	$ 25		$ 25	$ 25				$ 30.4
Revolving Credit Facility [Member]
Debt Instrument
Revolving line of credit available borrowing capacity										$ 600
Debt, Weighted Average Interest Rate	2.63%		2.63%	2.63%
Bilateral Arrangements [Member]
Debt Instrument
Letters of Credit Outstanding, Amount	$ 218.8		$ 218.8	$ 218.8				$ 261.5
6.5% Senior Notes Due April 1, 2020 [Member]
Debt Instrument
Long-term Debt	$ 300		$ 300	$ 300									$ 300
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed			103.25%
Interest rate of debt securities (as a percent)												6.50%
Debt Instrument Market Quote | factor	1.04250		1.04250	1.04250
Senior Notes Due May 15, 2021 Six Percent [Member]
Debt Instrument
Long-term Debt	$ 850		$ 850	$ 850							$ 850
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed			103.00%
Interest rate of debt securities (as a percent)											6.00%
Debt Instrument Market Quote | factor	1		1	1
8% Senior Subordinated Notes due November 15, 2017 [Member]
Debt Instrument
Long-term Debt															$ 800
Interest rate of debt securities (as a percent)															8.00%
4% Convertible Senior Subordinated Notes due June 1, 2015 [Member]
Debt Instrument
Long-term Debt														$ 172.5
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed		25.00%
Interest rate of debt securities (as a percent)														4.00%
Carrying value of the equity component of convertible debt														$ 54.3
Deferred tax liability on equity component of debt														$ 19.4
Interest expense on convertible debt				$ 5.7
Long-Term Debt Maturity Value	$ 128.8		$ 128.8	128.8
Repayments of Debt				131.1
Interest Paid				2.3
Securitization 2015 [Member]
Debt Instrument
Revolving line of credit available borrowing capacity						$ 350
Long-term Line of Credit	$ 146.2		$ 146.2	$ 146.2
Debt, Weighted Average Interest Rate	1.25%		1.25%	1.25%
Debt Instrument, Interest Rate, Effective Percentage	2.20%		2.20%	2.20%
Fair Value, Inputs, Level 1 [Member] | Term Loan [Member]
Debt Instrument
Long-term Debt, Fair Value	$ 227		$ 227	$ 227
Fair Value, Inputs, Level 1 [Member] | Term Loan Euro [Member]
Debt Instrument
Long-term Debt, Fair Value	219		219	219
Fair Value, Inputs, Level 1 [Member] | 6.5% Senior Notes Due April 1, 2020 [Member]
Debt Instrument
Long-term Debt, Fair Value	313		313	313
Fair Value, Inputs, Level 1 [Member] | Senior Notes Due May 15, 2021 Six Percent [Member]
Debt Instrument
Long-term Debt, Fair Value	$ 850		$ 850	$ 850

RETIREMENT PLANS AND OTHER BE47

RETIREMENT PLANS AND OTHER BENEFITS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
U.S. Defined Benefit Pension plans
Components of net periodic cost:
Service cost	$ 0.3	$ 0.2	$ 0.6	$ 0.4
Interest cost	1.8	1.8	3.6	3.6
Expected return on plan assets	(2.4)	(2.4)	(4.9)	(4.6)
Amortization of prior service cost	0	0.1	0	0.1
Defined Benefit Plan, Amortization of Gains (Losses)	0.9	0.8	1.9	1.5
Net periodic cost	0.6	0.5	1.2	1
Non-U.S. Defined Benefit Pension Plans
Components of net periodic cost:
Service cost	1.6	1.1	3.2	2.5
Interest cost	3.2	4.1	6.4	9.1
Expected return on plan assets	(1.9)	(1.6)	(3.9)	(3.9)
Amortization of prior service cost	0	0	0	0
Defined Benefit Plan, Amortization of Gains (Losses)	1.9	0.8	3.8	1.6
Net periodic cost	4.8	4.4	9.5	9.3
U.S. Other Benefits
Components of net periodic cost:
Service cost	0	0	0	0
Interest cost	0	0	0.1	0.1
Expected return on plan assets	0	0	0	0
Amortization of prior service cost	0	0	0	0
Defined Benefit Plan, Amortization of Gains (Losses)	0	0	0	0
Net periodic cost	$ 0	$ 0	$ 0.1	$ 0.1

LITIGATION AND CONTINGENCIES (D

LITIGATION AND CONTINGENCIES (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Loss Contingencies and Guarantee Obligations
Litigation Settlement, Amount	$ 2.5
Guarantee Terms Maximum		5 years
Fair value of all guarantees recorded in other current liabilities	3	$ 3	$ 3
Credit Guarantee
Loss Contingencies and Guarantee Obligations
Guarantees, maximum exposure	40.9	40.9	42.6
Credit Guarantee | Cranes | Terex Cranes Germany GmbH
Loss Contingencies and Guarantee Obligations
Guarantees, maximum exposure	23.3	23.3	23.4
Buyback Guarantee
Loss Contingencies and Guarantee Obligations
Guarantees, maximum exposure	18.7	18.7	24.3
Buyback Guarantee | Material Handling & Port Solutions [Member]
Loss Contingencies and Guarantee Obligations
Guarantees, maximum exposure	$ 15.1	$ 15.1	$ 20.1

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	Mar. 05, 2015	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Feb. 17, 2015
Net income (loss)		$ 85.9		$ 140.4	$ 87.5	$ 174.3
Other comprehensive income (loss), net of tax:
Cumulative translation adjustment (CTA), net of (provision for) benefit from taxes of $2.4, $1.3 and $9.2 and $1.8, respectively		85.4		23.5	(126.2)	41.7
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax		2.4		1.3	9.2	1.8
Derivative hedging adjustment, net of (provision for) benefit from taxes of $(0.2), $0.2, $0.0 and $1.0, respectively		0.8		0.5	1.1	(2.2)
Derivative hedging adjustment, tax		(0.2)		0.2	0	1
Debt and equity securities adjustment, net of (provision for) benefit from taxes of $0.1, $0.0, $0.1 and $0.0, respectively		(2.3)		0	(5.4)	0
Debt and equity securities adjustment, tax		0.1		0	0.1	0
Pension Liability adjustment:
Amortization of actuarial (gain) loss, net of provision for (benefit from) taxes of $(0.4), $(0.5), $(0.8) and $(1.0), respectively		2.4		1.2	4.9	2.2
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Gain (Loss), Tax		0.4		0.5	0.8	1
Foreign exchange and other effects, net of (provision for) benefit from taxes of $1.1, $(1.4), $(1.3) and $(1.4), respectively		(5.4)		(0.4)	6.7	(0.6)
Foreign exchange and other effects, tax		1.1		(1.4)	(1.3)	(1.4)
Total pension liability adjustment		(3)		0.8	11.6	1.6
Other comprehensive income (loss)		80.9		24.8	(118.9)	41.1
Comprehensive income (loss)		166.8		165.2	(31.4)	215.4
Comprehensive loss (income) attributable to noncontrolling interest		(1.1)		(0.4)	(1.7)	0.9
Comprehensive income (loss) attributable to Terex Corporation		$ 165.7		$ 164.8	$ (33.1)	$ 216.3
Share-based compensation
Stock Repurchase Program, Authorized Amount							$ 200
Treasury Stock, Shares, Acquired					1.9
Treasury Stock, Value, Acquired, Cost Method					$ 50
Dividends declared per common share		$ 0.06	$ 0.06	$ 0.05	$ 0.12	$ 0.10
Restricted Stock
Share-based compensation
Granted (in shares)					1.4
Granted (in dollars per shares)					$ 26.46
Percentage of awards that vest over a three year period (as a percent)		63.00%			63.00%
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period [in years]					3 years
Percentage of awards that vest at end of three year period (as a percent)		37.00%			37.00%
Market Condition Award [Member]
Share-based compensation
Percentage of awards subject to performance conditions (as a percent)		11.00%			11.00%
Share-based Compensation Award, Tranche Three [Member] | Market Condition Award [Member]
Share-based compensation
Granted (in dollars per shares)	$ 28.10
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period [in years]					3 years
Dividend yields (as a percent)	0.91%
Expected volatility (as a percent)	45.48%
Risk-free interest rate (as a percent)	0.98%
Expected life (in years)	3 years
Share-based Compensation Award, Tranche Two [Member] | Market Condition Award [Member]
Share-based compensation
Granted (in dollars per shares)	$ 25.60
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period [in years]					2 years
Dividend yields (as a percent)	0.91%
Expected volatility (as a percent)	37.00%
Risk-free interest rate (as a percent)	0.58%
Expected life (in years)	2 years

STOCKHOLDERS' EQUITY - Accumula

STOCKHOLDERS' EQUITY - Accumulated Other Comprehensive Income (Loss) Rollforward (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ (629.6)	$ (100.2)	$ (429.8)	$ (116.5)
Other comprehensive income before reclassifications	83.5	20	(121.9)	37.5
Amounts reclassified from AOCI	(2.6)	4.8	3	3.6
Other comprehensive income (loss)	80.9	24.8	(118.9)	41.1
Ending balance	(548.7)	(75.4)	(548.7)	(75.4)
Cumulative Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(457.1)	10.3	(245.5)	(7.9)
Other comprehensive income before reclassifications	85.4	19.5	(126.2)	37.7
Amounts reclassified from AOCI	0	4	0	4
Other comprehensive income (loss)	85.4	23.5	(126.2)	41.7
Ending balance	(371.7)	33.8	(371.7)	33.8
Deriviatve Hedging Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(0.4)	0	(0.7)	2.7
Other comprehensive income before reclassifications	5.8	0.9	3	0.4
Amounts reclassified from AOCI	(5)	(0.4)	(1.9)	(2.6)
Other comprehensive income (loss)	0.8	0.5	1.1	(2.2)
Ending balance	0.4	0.5	0.4	0.5
Unrealized Gains and Losses on Debt and Equity Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(1.5)	0	1.6	0
Other comprehensive income before reclassifications	(2.3)	0	(5.4)	0
Amounts reclassified from AOCI	0	0	0	0
Other comprehensive income (loss)	(2.3)	0	(5.4)	0
Ending balance	(3.8)	0	(3.8)	0
Pension Liability Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(170.6)	(110.5)	(185.2)	(111.3)
Other comprehensive income before reclassifications	(5.4)	(0.4)	6.7	(0.6)
Amounts reclassified from AOCI	2.4	1.2	4.9	2.2
Other comprehensive income (loss)	(3)	0.8	11.6	1.6
Ending balance	$ (173.6)	$ (109.7)	$ (173.6)	$ (109.7)

STOCKHOLDERS' EQUITY - Redeemab

STOCKHOLDERS' EQUITY - Redeemable Noncontrolling Interest (Details) - USD ($) $ in Millions	1 Months Ended	6 Months Ended		12 Months Ended
	Jan. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Noncontrolling Interest [Line Items]
Payments to Noncontrolling Interests		$ 0	$ 73.4
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Redemptions and purchases				$ 53.7
Additional Paid-in Capital [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests				$ (17.6)
TMHPS AG [Member]
Noncontrolling Interest [Line Items]
Payments to Noncontrolling Interests	$ 71.3
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions		100.00%

CONSOLIDATING FINANCIAL STATE52

CONSOLIDATING FINANCIAL STATEMENTS (Details)	Nov. 26, 2012	Mar. 27, 2012	Jun. 03, 2009
4% Convertible Senior Subordinated Notes due June 1, 2015 [Member]
Debt Instrument
Interest rate of debt securities (as a percent)			4.00%
Senior Notes Due May 15, 2021 Six Percent [Member]
Debt Instrument
Interest rate of debt securities (as a percent)	6.00%
6.5% Senior Notes Due April 1, 2020 [Member]
Debt Instrument
Interest rate of debt securities (as a percent)		6.50%

CONSOLIDATING FINANCIAL STATE53

CONSOLIDATING FINANCIAL STATEMENTS - Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
Net sales	$ 1,828.5	$ 2,055.1	$ 3,324.1	$ 3,709.7
Cost of goods sold	(1,444.3)	(1,631.3)	(2,663.3)	(2,952.5)
Gross profit	384.2	423.8	660.8	757.2
Selling, general and administrative expenses	(235.9)	(262.9)	(468.3)	(521.3)
Income (loss) from operations	148.3	160.9	192.5	235.9
Interest income	1	1.2	2	2.5
Interest expense	(27)	(31.7)	(55.2)	(62.1)
Income (loss) from subsidiaries	0	0	0	0
Other income (expense) – net	(3)	(2)	(9.9)	(4.9)
Income (loss) from continuing operations before income taxes	119.3	128.4	129.4	171.4
(Provision for) benefit from income taxes	(33)	(40)	(44.6)	(51.5)
Income (loss) from continuing operations	86.3	88.4	84.8	119.9
Income (loss) from discontinued operations – net of tax	0	0.5	0	1.4
Gain (loss) on disposition of discontinued operations – net of tax	(0.4)	51.5	2.7	53
Net income (loss)	85.9	140.4	87.5	174.3
Net loss (income) attributable to noncontrolling interest	(1.1)	(0.6)	(1.7)	0.5
Net income (loss) attributable to Terex Corporation	84.8	139.8	85.8	174.8
Comprehensive Income (Loss), Net of Tax	166.8	165.2	(31.4)	215.4
Comprehensive loss (income), Net of Tax, Attributable to Noncontrolling Interest	(1.1)	(0.4)	(1.7)	0.9
Comprehensive income (loss) attributable to Terex Corporation	165.7	164.8	(33.1)	216.3
Terex Corporation
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
Net sales	4.7	1.1	5.5	39.9
Cost of goods sold	(3.9)	(0.9)	(4.1)	(37)
Gross profit	0.8	0.2	1.4	2.9
Selling, general and administrative expenses	1.8	(4.9)	13.9	(4.9)
Income (loss) from operations	2.6	(4.7)	15.3	(2)
Interest income	25.6	32.3	52.7	63.8
Interest expense	(38.6)	(42.3)	(78.6)	(82.8)
Income (loss) from subsidiaries	106.7	152.5	118.2	199.7
Other income (expense) – net	(22)	(11.8)	(38.1)	(23)
Income (loss) from continuing operations before income taxes	74.3	126	69.5	155.7
(Provision for) benefit from income taxes	10.5	10.6	16.3	16
Income (loss) from continuing operations	84.8	136.6	85.8	171.7
Income (loss) from discontinued operations – net of tax		0.7		0.6
Gain (loss) on disposition of discontinued operations – net of tax	0	2.5	0	2.5
Net income (loss)	84.8	139.8	85.8	174.8
Net loss (income) attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to Terex Corporation	84.8	139.8	85.8	174.8
Comprehensive Income (Loss), Net of Tax	165.7	164.8	(33.1)	216.3
Comprehensive loss (income), Net of Tax, Attributable to Noncontrolling Interest	0	0	0	0
Comprehensive income (loss) attributable to Terex Corporation	165.7	164.8	(33.1)	216.3
Wholly-owned Guarantors
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
Net sales	911.8	1,018.6	1,644.5	1,802.4
Cost of goods sold	(731.5)	(820.9)	(1,356.5)	(1,459.3)
Gross profit	180.3	197.7	288	343.1
Selling, general and administrative expenses	(68.4)	(64.2)	(139.8)	(134)
Income (loss) from operations	111.9	133.5	148.2	209.1
Interest income	17.2	18.7	34.2	36.6
Interest expense	(1.6)	(4.3)	(2.6)	(8.5)
Income (loss) from subsidiaries	0.3	0.4	(0.8)	4.1
Other income (expense) – net	4.8	2.3	(3.8)	2.5
Income (loss) from continuing operations before income taxes	132.6	150.6	175.2	243.8
(Provision for) benefit from income taxes	(39)	(46.2)	(47.7)	(74.1)
Income (loss) from continuing operations	93.6	104.4	127.5	169.7
Income (loss) from discontinued operations – net of tax		0		0
Gain (loss) on disposition of discontinued operations – net of tax	0	0	0	0
Net income (loss)	93.6	104.4	127.5	169.7
Net loss (income) attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to Terex Corporation	93.6	104.4	127.5	169.7
Comprehensive Income (Loss), Net of Tax	93.9	104.6	127.6	170.4
Comprehensive loss (income), Net of Tax, Attributable to Noncontrolling Interest	0	0	0	0
Comprehensive income (loss) attributable to Terex Corporation	93.9	104.6	127.6	170.4
Non-guarantor Subsidiaries
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
Net sales	1,175	1,320.9	2,154.7	2,441.4
Cost of goods sold	(971.9)	(1,095)	(1,783.3)	(2,030.2)
Gross profit	203.1	225.9	371.4	411.2
Selling, general and administrative expenses	(169.3)	(193.8)	(342.4)	(382.4)
Income (loss) from operations	33.8	32.1	29	28.8
Interest income	0.1	0.8	1.1	1.7
Interest expense	(28.7)	(35.7)	(60)	(70.4)
Income (loss) from subsidiaries	1	(0.3)	0.6	(1.7)
Other income (expense) – net	14.2	7.5	32	15.6
Income (loss) from continuing operations before income taxes	20.4	4.4	2.7	(26)
(Provision for) benefit from income taxes	(4.5)	(4.4)	(13.2)	6.6
Income (loss) from continuing operations	15.9	0	(10.5)	(19.4)
Income (loss) from discontinued operations – net of tax		(0.2)		0.8
Gain (loss) on disposition of discontinued operations – net of tax	(0.4)	49	2.7	50.5
Net income (loss)	15.5	48.8	(7.8)	31.9
Net loss (income) attributable to noncontrolling interest	(1.1)	(0.6)	(1.7)	0.5
Net income (loss) attributable to Terex Corporation	14.4	48.2	(9.5)	32.4
Comprehensive Income (Loss), Net of Tax	30	48.7	(131)	44.3
Comprehensive loss (income), Net of Tax, Attributable to Noncontrolling Interest	(1.1)	(0.4)	(1.7)	0.9
Comprehensive income (loss) attributable to Terex Corporation	28.9	48.3	(132.7)	45.2
Intercompany Eliminations
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)
Net sales	(263)	(285.5)	(480.6)	(574)
Cost of goods sold	263	285.5	480.6	574
Gross profit	0	0	0	0
Selling, general and administrative expenses	0	0	0	0
Income (loss) from operations	0	0	0	0
Interest income	(41.9)	(50.6)	(86)	(99.6)
Interest expense	41.9	50.6	86	99.6
Income (loss) from subsidiaries	(108)	(152.6)	(118)	(202.1)
Other income (expense) – net	0	0	0	0
Income (loss) from continuing operations before income taxes	(108)	(152.6)	(118)	(202.1)
(Provision for) benefit from income taxes	0	0	0	0
Income (loss) from continuing operations	(108)	(152.6)	(118)	(202.1)
Income (loss) from discontinued operations – net of tax		0		0
Gain (loss) on disposition of discontinued operations – net of tax	0	0	0	0
Net income (loss)	(108)	(152.6)	(118)	(202.1)
Net loss (income) attributable to noncontrolling interest	0	0	0	0
Net income (loss) attributable to Terex Corporation	(108)	(152.6)	(118)	(202.1)
Comprehensive Income (Loss), Net of Tax	(122.8)	(152.9)	5.1	(215.6)
Comprehensive loss (income), Net of Tax, Attributable to Noncontrolling Interest	0	0	0	0
Comprehensive income (loss) attributable to Terex Corporation	$ (122.8)	$ (152.9)	$ 5.1	$ (215.6)

CONSOLIDATING FINANCIAL STATE54

CONSOLIDATING FINANCIAL STATEMENTS - Balance Sheet (Details) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Current assets
Cash and cash equivalents	$ 332.7	$ 478.2	$ 364.3	$ 408.1
Trade receivables - net	1,252.5	1,086.4
Intercompany receivables	0	0
Inventories	1,564.2	1,460.9
Prepaid assets	260.1	248
Other current assets	74.8	82.7
Total current assets	3,484.3	3,356.2
Property, plant and equipment – net	680.6	690.3
Goodwill	1,073.7	1,131
Non-current intercompany receivables	0	0
Investment in and advances to (from) subsidiaries	105.7	106.3
Other assets	662.6	644.2
Total assets	6,006.9	5,928
Current liabilities
Notes payable and current portion of long-term debt	72.6	152.5
Trade accounts payable	814.4	736.1
Intercompany payables	0	0
Accruals and other current liabilities	783.2	754.5
Total current liabilities	1,670.2	1,643.1
Long-term debt, less current portion	1,834	1,636.3
Non-current intercompany payables	0	0
Retirement plans and other non-current liabilities	553.1	609.5
Total stockholders' equity	1,949.6	2,039.1
Total liabilities and stockholders’ equity	6,006.9	5,928
Terex Corporation
Current assets
Cash and cash equivalents	6.1	99	12.4	16.3
Trade receivables - net	9.8	7.7
Intercompany receivables	78.7	55.3
Inventories	0.2	0
Prepaid assets	64.1	100.8
Other current assets	51.7	65.7
Total current assets	210.6	328.5
Property, plant and equipment – net	62.9	65.4
Goodwill	0	0
Non-current intercompany receivables	1,399.5	1,501.4
Investment in and advances to (from) subsidiaries	3,856.1	3,564.2
Other assets	39.1	43.8
Total assets	5,568.2	5,503.3
Current liabilities
Notes payable and current portion of long-term debt	0	125
Trade accounts payable	13.4	18
Intercompany payables	2.9	19.8
Accruals and other current liabilities	63.8	74.6
Total current liabilities	80.1	237.4
Long-term debt, less current portion	1,264.9	1,150
Non-current intercompany payables	2,248.4	2,047.1
Retirement plans and other non-current liabilities	59.8	62.9
Total stockholders' equity	1,915	2,005.9
Total liabilities and stockholders’ equity	5,568.2	5,503.3
Wholly-owned Guarantors
Current assets
Cash and cash equivalents	4	1.9	3.5	3.9
Trade receivables - net	422.5	307.4
Intercompany receivables	122.5	85.9
Inventories	501.1	374.5
Prepaid assets	40.3	32.9
Other current assets	0	0.1
Total current assets	1,090.4	802.7
Property, plant and equipment – net	130.8	117
Goodwill	181.6	170.1
Non-current intercompany receivables	2,312.1	2,059.9
Investment in and advances to (from) subsidiaries	196.6	199.3
Other assets	87.1	142.7
Total assets	3,998.6	3,491.7
Current liabilities
Notes payable and current portion of long-term debt	1.3	2
Trade accounts payable	306.7	212.6
Intercompany payables	85.3	117.8
Accruals and other current liabilities	138.9	118.1
Total current liabilities	532.2	450.5
Long-term debt, less current portion	2.5	7.6
Non-current intercompany payables	22.4	41.8
Retirement plans and other non-current liabilities	27.3	27.2
Total stockholders' equity	3,414.2	2,964.6
Total liabilities and stockholders’ equity	3,998.6	3,491.7
Non-guarantor Subsidiaries
Current assets
Cash and cash equivalents	322.6	377.3	348.4	387.9
Trade receivables - net	820.2	771.3
Intercompany receivables	86.1	136.3
Inventories	1,062.9	1,086.4
Prepaid assets	155.7	114.3
Other current assets	23.1	16.9
Total current assets	2,470.6	2,502.5
Property, plant and equipment – net	486.9	507.9
Goodwill	892.1	960.9
Non-current intercompany receivables	0.8	41.9
Investment in and advances to (from) subsidiaries	191.7	152
Other assets	536.4	457.7
Total assets	4,578.5	4,622.9
Current liabilities
Notes payable and current portion of long-term debt	71.3	25.5
Trade accounts payable	494.3	505.5
Intercompany payables	199.1	139.9
Accruals and other current liabilities	580.5	561.8
Total current liabilities	1,345.2	1,232.7
Long-term debt, less current portion	566.6	478.7
Non-current intercompany payables	1,441.6	1,514.3
Retirement plans and other non-current liabilities	466	519.4
Total stockholders' equity	759.1	877.8
Total liabilities and stockholders’ equity	4,578.5	4,622.9
Intercompany Eliminations
Current assets
Cash and cash equivalents	0	0	$ 0	$ 0
Trade receivables - net	0	0
Intercompany receivables	(287.3)	(277.5)
Inventories	0	0
Prepaid assets	0	0
Other current assets	0	0
Total current assets	(287.3)	(277.5)
Property, plant and equipment – net	0	0
Goodwill	0	0
Non-current intercompany receivables	(3,712.4)	(3,603.2)
Investment in and advances to (from) subsidiaries	(4,138.7)	(3,809.2)
Other assets	0	0
Total assets	(8,138.4)	(7,689.9)
Current liabilities
Notes payable and current portion of long-term debt	0	0
Trade accounts payable	0	0
Intercompany payables	(287.3)	(277.5)
Accruals and other current liabilities	0	0
Total current liabilities	(287.3)	(277.5)
Long-term debt, less current portion	0	0
Non-current intercompany payables	(3,712.4)	(3,603.2)
Retirement plans and other non-current liabilities	0	0
Total stockholders' equity	(4,138.7)	(3,809.2)
Total liabilities and stockholders’ equity	$ (8,138.4)	$ (7,689.9)

CONSOLIDATING FINANCIAL STATE55

CONSOLIDATING FINANCIAL STATEMENTS - Cash Flows (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Net Cash Provided by (Used in) Operating Activities	$ (84.8)	$ 24.5
Cash flows from investing activities
Capital expenditures	(48.7)	(37.3)
Proceeds from Divestiture of Businesses, Net of Cash Divested	0.7	162.2
Payments to Acquire Businesses, Net of Cash Acquired	(59.8)	(7.4)
Intercompany investing activities	0	0
Other investing activities, net	0.6	2.6
Net Cash Provided by (Used in) Investing Activities	(107.2)	120.1
Cash flows from financing activities
Repayments of debt	(702.9)	(637.3)
Proceeds from issuance of debt	835.7	580.3
Purchase of noncontrolling interest	0	(73.4)
Share repurchases	(50.3)	(54.9)
Dividends paid	(12.8)	(11)
Intercompany financing activities	0	0
Other financing activities, net	(1.1)	7.2
Net Cash Provided by (Used in) Financing Activities	68.6	(189.1)
Effect of exchange rate changes on cash and cash equivalents	(22.1)	0.7
Net Increase (Decrease) in Cash and Cash Equivalents	(145.5)	(43.8)
Cash and Cash Equivalents at Beginning of Period	478.2	408.1
Cash and Cash Equivalents at End of Period	332.7	364.3
Terex Corporation
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Net Cash Provided by (Used in) Operating Activities	(393.2)	(187.4)
Cash flows from investing activities
Capital expenditures	(0.4)	(3)
Proceeds from Divestiture of Businesses, Net of Cash Divested	(2.5)	31.3
Payments to Acquire Businesses, Net of Cash Acquired	0	0
Intercompany investing activities	380.8	211.1
Other investing activities, net	(1)	0
Net Cash Provided by (Used in) Investing Activities	376.9	239.4
Cash flows from financing activities
Repayments of debt	(682.3)	(513.8)
Proceeds from issuance of debt	668.2	518
Purchase of noncontrolling interest		0
Share repurchases	(50.3)	(54.9)
Dividends paid	(12.8)	(11)
Intercompany financing activities	0	0
Other financing activities, net	0.6	5.8
Net Cash Provided by (Used in) Financing Activities	(76.6)	(55.9)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net Increase (Decrease) in Cash and Cash Equivalents	(92.9)	(3.9)
Cash and Cash Equivalents at Beginning of Period	99	16.3
Cash and Cash Equivalents at End of Period	6.1	12.4
Wholly-owned Guarantors
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Net Cash Provided by (Used in) Operating Activities	315.3	175.6
Cash flows from investing activities
Capital expenditures	(20.5)	(13.8)
Proceeds from Divestiture of Businesses, Net of Cash Divested	0	0
Payments to Acquire Businesses, Net of Cash Acquired	(48.3)	0
Intercompany investing activities	0	0
Other investing activities, net	0	2.1
Net Cash Provided by (Used in) Investing Activities	(68.8)	(11.7)
Cash flows from financing activities
Repayments of debt	(5.9)	(0.9)
Proceeds from issuance of debt	0	2.7
Purchase of noncontrolling interest		0
Share repurchases	0	0
Dividends paid	0	0
Intercompany financing activities	(238.5)	(166.1)
Other financing activities, net	0	0
Net Cash Provided by (Used in) Financing Activities	(244.4)	(164.3)
Effect of exchange rate changes on cash and cash equivalents	0	0
Net Increase (Decrease) in Cash and Cash Equivalents	2.1	(0.4)
Cash and Cash Equivalents at Beginning of Period	1.9	3.9
Cash and Cash Equivalents at End of Period	4	3.5
Non-guarantor Subsidiaries
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Net Cash Provided by (Used in) Operating Activities	133.4	36.3
Cash flows from investing activities
Capital expenditures	(27.8)	(20.5)
Proceeds from Divestiture of Businesses, Net of Cash Divested	3.2	130.9
Payments to Acquire Businesses, Net of Cash Acquired	(11.5)	(7.4)
Intercompany investing activities	(141.3)	0
Other investing activities, net	7.5	0.5
Net Cash Provided by (Used in) Investing Activities	(169.9)	103.5
Cash flows from financing activities
Repayments of debt	(14.7)	(122.6)
Proceeds from issuance of debt	167.5	59.6
Purchase of noncontrolling interest		(73.4)
Share repurchases	0	0
Dividends paid	0	0
Intercompany financing activities	(147.2)	(45)
Other financing activities, net	(1.7)	1.4
Net Cash Provided by (Used in) Financing Activities	3.9	(180)
Effect of exchange rate changes on cash and cash equivalents	(22.1)	0.7
Net Increase (Decrease) in Cash and Cash Equivalents	(54.7)	(39.5)
Cash and Cash Equivalents at Beginning of Period	377.3	387.9
Cash and Cash Equivalents at End of Period	322.6	348.4
Intercompany Eliminations
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
Net Cash Provided by (Used in) Operating Activities	(140.3)	0
Cash flows from investing activities
Capital expenditures	0	0
Proceeds from Divestiture of Businesses, Net of Cash Divested	0	0
Payments to Acquire Businesses, Net of Cash Acquired	0	0
Intercompany investing activities	(239.5)	(211.1)
Other investing activities, net	(5.9)	0
Net Cash Provided by (Used in) Investing Activities	(245.4)	(211.1)
Cash flows from financing activities
Repayments of debt	0	0
Proceeds from issuance of debt	0	0
Purchase of noncontrolling interest		0
Share repurchases	0	0
Dividends paid	0	0
Intercompany financing activities	385.7	211.1
Other financing activities, net	0	0
Net Cash Provided by (Used in) Financing Activities	385.7	211.1
Effect of exchange rate changes on cash and cash equivalents	0	0
Net Increase (Decrease) in Cash and Cash Equivalents	0	0
Cash and Cash Equivalents at Beginning of Period	0	0
Cash and Cash Equivalents at End of Period	$ 0	$ 0