Terex (TEX) 10-Q 2 Nov 18 2018 Q3 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares shares in Millions	9 Months Ended
	Sep. 30, 2018	Oct. 31, 2018
Document and Entity Information [Abstract]
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	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding		73.7

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Statement [Abstract]
Net sales	$ 1,228.5	$ 1,111.2	$ 3,891.9	$ 3,299.8
Cost of goods sold	(995.7)	(892.2)	(3,148.9)	(2,687.8)
Gross profit	232.8	219	743	612
Selling, general and administrative expenses	(160.9)	(153.1)	(496.4)	(473.1)
Income (loss) from operations	71.9	65.9	246.6	138.9
Other income (expense)
Interest income	1.7	1.9	7.1	5.2
Interest expense	(18.5)	(15.5)	(52.7)	(52)
Loss on early extinguishment of debt	0	(0.7)	(0.7)	(52.6)
Other income (expense) – net	(4.4)	5.1	(5.8)	47.1
Income (loss) from continuing operations before income taxes	50.7	56.7	194.5	86.6
(Provision for) benefit from income taxes	(12.3)	(0.1)	(52.6)	5.1
Income (loss) from continuing operations	38.4	56.6	141.9	91.7
Gain (loss) on disposition of discontinued operations – net of tax	0.2	2.6	4.8	63.7
Net income (loss)	$ 38.6	$ 59.2	$ 146.7	$ 155.4
Basic earnings (loss) per share:
Income (loss) from continuing operations	$ 0.52	$ 0.64	$ 1.86	$ 0.96
Gain (loss) on disposition of discontinued operations – net of tax	0	0.03	0.06	0.66
Net income (loss)	0.52	0.67	1.92	1.62
Diluted earnings (loss) per share:
Income (loss) from continuing operations	0.51	0.63	1.82	0.93
Gain (loss) on disposition of discontinued operations – net of tax	0	0.03	0.06	0.65
Net income (loss)	$ 0.51	$ 0.66	$ 1.88	$ 1.58
Weighted average number of shares outstanding in per share calculation
Basic (in shares)	73.7	88	76.3	96.2
Diluted (in shares)	75.1	90	77.9	98.1
Comprehensive income (loss)	$ 22.5	$ 91.2	$ 81.9	$ 673.2
Dividends declared (in dollars per share)	$ 0.10	$ 0.08	$ 0.30	$ 0.24

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Current assets
Cash and cash equivalents	$ 326	$ 626.5
Trade receivables (net of allowance of $15.9 and $16.2 at September 30, 2018 and December 31, 2017, respectively)	679.1	579.9
Inventories	1,112.3	969.6
Prepaid and other current assets	172.7	207
Total current assets	2,290.1	2,383
Non-current assets
Property, plant and equipment – net	330.7	311
Goodwill	268.1	273.6
Intangible assets – net	11.9	13.8
Other assets	438.6	481.1
Total assets	3,339.4	3,462.5
Current liabilities
Notes payable and current portion of long-term debt	5.2	5.2
Trade accounts payable	652.3	592.4
Other current liabilities	372.6	437.9
Total current liabilities	1,030.1	1,035.5
Non-current liabilities
Long-term debt, less current portion	1,128.2	979.6
Retirement plans	139.3	151.3
Other non-current liabilities	67.1	73.6
Total liabilities	2,364.7	2,240
Commitments and contingencies
Stockholders’ equity
Common stock, $.01 par value – authorized 300.0 shares; issued 131.2 and 130.4 shares at September 30, 2018 and December 31, 2017, respectively	1.3	1.3
Additional paid-in capital	1,338.7	1,322
Retained earnings	2,121.9	1,995.9
Accumulated other comprehensive income (loss)	(304.3)	(239.5)
Less cost of shares of common stock in treasury – 58.2 and 50.2 shares at September 30, 2018 and December 31, 2017, respectively	(2,183.5)	(1,857.7)
Total Terex Corporation stockholders’ equity	974.1	1,222
Noncontrolling interest	0.6	0.5
Total stockholders’ equity	974.7	1,222.5
Total liabilities and stockholders’ equity	$ 3,339.4	$ 3,462.5

CONSOLIDATED BALANCE SHEET (Par

CONSOLIDATED BALANCE SHEET (Parenthetical) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Current assets
Trade receivables, allowance (in dollars)	$ 15.9	$ 16.2
Stockholders’ equity
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common authorized (in shares)	300,000,000	300,000,000
Common issued (in shares)	131,200,000	130,400,000
Treasury stock (in shares)	58,200,000	50,200,000

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Operating Activities
Net income (loss)	$ 146.7	$ 155.4
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	45.4	48.7
(Gain) loss on disposition of discontinued operations	(4.8)	(63.7)
Deferred taxes	6.8	(22.9)
(Gain) loss on sale of assets	0	(59.8)
Loss on early extinguishment of debt	0.7	52.6
Stock-based compensation expense	28.1	29.9
Inventory and other non-cash charges	20.9	31.8
Changes in operating assets and liabilities (net of effects of acquisitions and divestitures):
Trade receivables	(121.2)	(141.4)
Inventories	(174.6)	7.9
Trade accounts payable	74.8	(7.5)
Other assets and liabilities	(34.2)	(65.1)
Foreign exchange and other operating activities, net	(8.2)	(22.1)
Net cash provided by (used in) operating activities	(19.6)	(56.2)
Investing Activities
Capital expenditures	(63.2)	(27.2)
Acquisitions, net of cash acquired	(6.9)	0
Proceeds from disposition of investments	19.8	0
Proceeds (payments) from disposition of discontinued operations	3	773.7
Proceeds from sales of assets	1.3	803.3
Net cash provided by (used in) investing activities	(46)	1,549.8
Financing Activities
Repayments of debt	(717.8)	(1,593)
Proceeds from issuance of debt	864.6	1,010.5
Share repurchases	(327.3)	(761.7)
Dividends paid	(22.6)	(22.8)
Payment of debt extinguishment costs	(0.5)	(36.4)
Other financing activities, net	(14.8)	(30.7)
Net cash provided by (used in) financing activities	(218.4)	(1,434.1)
Effect of Exchange Rate Changes on Cash and Cash Equivalents	(16.6)	34.3
Net Increase (Decrease) in Cash and Cash Equivalents	(300.6)	93.8
Cash and Cash Equivalents at Beginning of Period	630.1	501.9
Cash and Cash Equivalents at End of Period	$ 329.5	$ 595.7

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2018
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 September 30, 2018 and for the three and nine months ended September 30, 2018 and 2017 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 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, 2017 has been derived from the audited consolidated financial statements as of that date, but does not include all disclosures required by accounting principles generally accepted in the United States. 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, 2017 . The Condensed Consolidated Financial Statements include 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 intercompany balances, transactions and profits have been eliminated. Certain prior period amounts have been reclassified to conform with the 2018 presentation. In the opinion of management, adjustments considered necessary for the 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 nine months ended September 30, 2018 are not necessarily indicative of results that may be expected for the year ending December 31, 2018 . Cash and cash equivalents at September 30, 2018 and December 31, 2017 include $13.3 million and $5.0 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 . The following table provides amounts of cash and cash equivalents presented in the Condensed Consolidated Statement of Cash Flows (in millions): September 30, 2018 December 31, 2017 Cash and cash equivalents: Cash and cash equivalents - continuing operations $ 326.0 $ 626.5 Cash and cash equivalents - held for sale 3.5 3.6 Total cash and cash equivalents $ 329.5 $ 630.1 Recently Issued Accounting Standards Accounting Standards Implemented in 2018 In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606),” (“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 requires 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. ASU 2014-09 also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. Subsequently, the FASB issued the following standards related to ASU 2014-09: ASU 2016-08, “Revenue from Contracts with Customers (Topic 606), Principal versus Agent Considerations (Reporting Revenue Gross versus Net),” (“ASU 2016-08”); ASU 2016-10, “Revenue from Contracts with Customers (Topic 606), Identifying Performance Obligations and Licensing,” (“ASU 2016-10”); ASU 2016-12, “Revenue from Contracts with Customers (Topic 606) Narrow-Scope Improvements and Practical Expedients,” (“ASU 2016-12”); and ASU 2016-20, “Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers,” (“ASU 2016-20”), which provided additional guidance and clarity to ASU 2014-09 (collectively, the “New Revenue Standards”). The Company adopted the New Revenue Standards on January 1, 2018 using the modified retrospective approach and elected the significant financing component and costs of obtaining a contract practical expedients. Adoption of the New Revenue Standards did not have a material effect on the Company’s consolidated financial statements. The Company’s revenue recognition policy adopted as a result of the New Revenue Standards is presented below. In January 2016, the FASB issued ASU 2016-01, "Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities," (“ASU 2016-01”). The amendments in ASU 2016-01, among other things, require equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income; require public business entities to use the exit price notion when measuring fair value of financial instruments for disclosure purposes; require separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables); and eliminate the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate fair value that is required to be disclosed for financial instruments measured at amortized cost. The Company adopted ASU 2016-01 on January 1, 2018. Adoption did not have a material effect on the Company’s consolidated financial statements. In October 2016, the FASB issued ASU 2016-16, “Income Taxes (Topic 740) - Intra-Entity Transfer of Assets Other than Inventory,” (“ASU 2016-16”). ASU 2016-16 requires recognition of current and deferred income taxes resulting from an intra-entity transfer of any asset (excluding inventory) when the transfer occurs. This is a change from existing U.S. generally accepted accounting principles which prohibits recognition of current and deferred income taxes until the asset is sold to a third party. The Company adopted ASU 2016-16 on January 1, 2018. Adoption did not have a material effect on the Company’s consolidated financial statements. In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230) - Restricted Cash,” (“ASU 2016-18”). ASU 2016-18 requires a statement of cash flows to explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The Company adopted ASU 2016-18 on January 1, 2018. Adoption did not have a material effect on the Company’s consolidated financial statements. In January 2017, the FASB issued ASU 2017-01, “Business Combinations (Topic 805): Clarifying the Definition of a Business,” (“ASU 2017-01”). ASU 2017-01 provides guidance in ascertaining whether a collection of assets and activities is considered a business. The Company adopted ASU 2017-01 on January 1, 2018. Adoption did not have a material effect on the Company’s consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, “Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment,” (“ASU 2017-04”). ASU 2017-04 eliminates Step 2 from the goodwill impairment test. Instead, an entity should perform its annual, or interim, goodwill impairment test by comparing fair value of a reporting unit with its carrying amount. An entity should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value, if any. The loss recognized should not exceed total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax deductible goodwill on the carrying amount of the reporting unit when measuring goodwill impairment. The Company early adopted ASU 2017-04 on January 1, 2018. Adoption did not have a material effect on the Company’s consolidated financial statements. In February 2017, the FASB issued ASU 2017-05, “Other Income-Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets,” (“ASU 2017-05”). ASU 2017-05 is meant to clarify the scope of ASC Subtopic 610-20, “Other Income-Gains and Losses from the Derecognition of Nonfinancial Assets” and to add guidance for partial sales of nonfinancial assets. The Company adopted ASU 2017-05 on January 1, 2018 using the modified retrospective approach. Adoption did not have a material effect on the Company’s consolidated financial statements. In March 2017, the FASB issued ASU 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost,” (“ASU 2017-07”) . ASU 2017-07 changes how employers that sponsor defined benefit pension plans and other postretirement plans present net periodic benefit cost in the income statement. An employer is required to report the service cost component in the same line item or items as other compensation costs arising from services rendered by pertinent employees during the period. Other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations. The amendment also allows only the service cost component to be eligible for capitalization, when applicable. The Company adopted ASU 2017-07 on January 1, 2018. Adoption did not have a material effect on the Company’s consolidated financial statements. In August 2017, the FASB issued ASU 2017-12, “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities,” (“ASU 2017-12”). ASU 2017-12 expands an entity’s ability to apply hedge accounting for nonfinancial and financial risk components and allows for a simplified approach for fair value hedging of interest rate risk. ASU 2017-12 eliminates the need to separately measure and report hedge ineffectiveness and generally requires the entire change in fair value of a hedging instrument to be presented in the same income statement line as the hedged item. Additionally, ASU 2017-12 simplifies the hedge documentation and effectiveness assessment requirements under the previous guidance. During the third quarter of 2018, the Company early adopted ASU 2017-12 effective January 1, 2018. Adoption did not have a material effect on the Company’s consolidated financial statements. In May 2017, the FASB issued ASU 2017-09, “Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting,” (“ASU 2017-09”). ASU 2017-09 clarifies when changes to the terms or conditions of a share-based payment award must be accounted for as modifications. The new guidance reduces diversity in practice and result in fewer changes to the terms of an award being accounted for as modifications. Under ASU 2017-09, an entity will not apply modification accounting to a share-based payment award if the award’s fair value, vesting conditions and classification as an equity or liability instrument are the same immediately before and after the change. The Company adopted ASU 2017-09 on January 1, 2018. Adoption did not have a material effect on the Company’s consolidated financial statements. In February 2018, the FASB issued ASU 2018-03, “Technical Corrections and Improvements to Financial Instruments - Overall (Subtopic 825-10) Recognition and Measurement of Financial Assets and Financial Liabilities,” (“ASU 2018-3”). ASU 2018-03 clarifies certain aspects of the guidance issued in ASU 2016-01. During the second quarter of 2018, the Company early adopted ASU 2018-03 effective January 1, 2018. Adoption did not have a material effect on the Company’s consolidated financial statements. Accounting Standards to be Implemented In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842),” (“ASU 2016-02”). The new standard establishes a right-of-use (“ROU”) model that requires a lessee to recognize an ROU asset and lease liability on the balance sheet for all leases with a term longer than 12 months and requires the disclosure of key information about leasing arrangements. Leases will be classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement. Subsequently, the FASB issued the following standards related to ASU 2016-02: ASU 2018-01, “Land Easement Practical Expedient for Transition to Topic 842,” (“ASU 2018-01”), ASU 2018-10, “Codification Improvements to Topic 842, Leases” (“ASU 2018-10”) and ASU 2018-11, “Leases (Topic 842): Targeted Improvements” (“ASU 2018-11”), which provided additional guidance and clarity to ASU 2016-02 (collectively, the “New Lease Standards”). The Company plans to adopt ASU 2016-02 in the first quarter of fiscal year 2019 under the new transition method permitted by ASU 2018-11. This transition method allows an entity to initially apply the New Lease Standards at the adoption date, versus at the beginning of the earliest period presented, and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Company expects adoption will have a material effect on its consolidated financial statements due to the recognition of ROU assets and lease liabilities on the consolidated balance sheet. The Company continues to assess changes to its business processes, systems and controls to support accounting for leases under the new standard which includes implementation of its newly acquired global lease accounting system. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses,” (“ASU 2016-13”). ASU 2016-13 sets forth a “current expected credit loss” model which requires the Company to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable supportable forecasts. The guidance in this new standard replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost and applies to some off-balance sheet credit exposures. The effective date will be the first quarter of fiscal year 2020 and early adoption is permitted after 2018. ASU 2016-13 will be applied using a modified retrospective approach. The Company is evaluating the impact that adoption of this new standard will have on its consolidated financial statements. In February 2018, the FASB issued ASU 2018-02, “Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income,” (“ASU 2018-02”). ASU 2018-02 allows reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from H.R. 1 “An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018” (the “2017 Federal Tax Act”). The effective date will be the first quarter of fiscal year 2019. Adoption is not expected to have a material effect on the Company’s consolidated financial statements. In July 2018, the FASB issued ASU 2018-09, “Codification Improvements,” (“ASU 2018-09”). ASU 2018-09 provides technical corrections, clarifications and other improvements across a variety of accounting topics. Certain amendments were applicable immediately while others provide transition guidance and are effective in the first quarter of fiscal year 2019. The guidance applicable immediately did not have a material impact on the Company's consolidated financial statements. The Company is evaluating the impact that adoption of amendments with transition guidance will have on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-13, “Fair Value Measurement (Topic 820), - Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurement,” (“ASU 2018-13”). ASU 2018-13 improves the effectiveness of fair value measurement disclosures by removing or modifying certain disclosure requirements and adding others. The effective date will be the first quarter of fiscal year 2020 and early adoption is permitted. Adoption is not expected to have a material effect on the Company’s consolidated financial statements. In August 2018, the FASB issued ASU 2018-14, “Compensation - Retirement Benefits - Defined Benefit Plans - General (Subtopic 715-20): Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans,” (“ASU 2018-14”). ASU 2018-14 adds, removes and clarifies disclosure requirements related to defined benefit pension plans and other postretirement plans. The effective date will be the first quarter of fiscal year 2021 and early adoption is permitted. The Company is evaluating the impact that adoption of this new standard will have on its consolidated financial statements. In August 2018, the FASB issued ASU 2018-15, “Intangible-Goodwill and Other - Internal-Use Software (Subtopic 350-40), Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract,” (“ASU 2018-15”). ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The effective date will be the first quarter of fiscal year 2020 and early adoption is permitted. The Company is evaluating the impact that adoption of this new standard will have on its consolidated financial statements. Accrued Warranties . The Company records accruals for potential warranty claims based on its claims 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 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 current portion of the product warranty liability is included in Other current liabilities and the non-current portion is included in Other non-current liabilities in the Company’s Condensed Consolidated Balance Sheet. The liability is established using historical warranty claims experience for each product sold. Historical claims 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): Nine Months Ended September 30, 2018 Balance at beginning of period $ 52.6 Accruals for warranties issued during the period 46.6 Changes in estimates 0.6 Settlements during the period (42.3 ) Foreign exchange effect/other (2.4 ) Balance at end of period $ 55.1 Fair Value Measurements. Assets and liabilities measured at fair value on a recurring basis under the provisions of ASC 820, “Fair Value Measurement and Disclosure” (“ASC 820”) include foreign exchange contracts, cross currency and commodity swaps and a debt conversion feature on a convertible promissory note discussed in Note J – “Derivative Financial Instruments” and debt discussed in Note L – “Long-term Obligations”. These instruments 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. Revenue Recognition. The Company recognizes revenue when goods or services are transferred to customers in an amount that reflects the consideration which it expects to receive in exchange for those goods or services. In determining when and how revenue is recognized from contracts with customers, the Company performs the following five-step analysis: (i) identification of contract with customer; (ii) determination of performance obligations; (iii) measurement of the transaction price; (iv) allocation of the transaction price to the performance obligations; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation. In the United States, we have the ability to enter into a security agreement and receive a security interest in the product by filing an appropriate Uniform Commercial Code (“UCC”) financing statement. However, a significant portion of our revenue is generated outside of the United States. In many countries outside of the United States, as a matter of statutory law, a seller retains title to a product until payment is made. The laws do not provide for a seller’s retention of a security interest in goods in the same manner as established in the UCC. In these countries, we retain title to goods delivered to a customer until the customer makes payment so that we can recover the goods in the event of customer default on payment. In these circumstances, the Company considers the following events in order to determine when it is appropriate to recognize revenue: (i) the customer has physical possession of the product; (ii) the customer has legal title to the product; (iii) the customer has assumed the risks and rewards of ownership and (iv) the customer has communicated acceptance of the product. These events serve as indicators, along with the details contained within the contract, that it is appropriate to recognize revenue. The Company generates revenue through the sale of machines, parts and service, and extended warranties. Revenue from product sales is recorded when the performance obligation is fulfilled, usually at the time of shipment, at the net sales price (transaction price). Estimates of variable consideration, such as volume discounts and rebates, reduce transaction price when it is probable that a customer will attain these types of sales incentives. These estimates are primarily derived from contractual terms and historical experience. The Company elected to present revenue net of sales tax and other similar taxes and account for shipping and handling as activities to fulfill the promise to transfer goods rather than separate performance obligations. Payments are typically due either 30 or 60 days, depending on geography, following delivery of products or completion of services. Revenue from extended warranties is recognized over time on a straight line basis because the customer benefits evenly from the extended warranty throughout the period; beginning upon expiration of the standard warranty and through end of the term. Revenue from services is recognized based on cost input method as the time and materials used in the repair portrays the most accurate depiction of completion of the performance obligation. During the nine months ended September 30, 2018 , revenues generated from the sale of extended warranties and services were an immaterial portion of revenue. The Company sells equipment subject to leases and related lease payments. Income from operating leases is recognized ratably over the lease term. Revenue from sales-type leases is recognized at the inception of the lease. For detailed sales information see Note B - “Business Segment Information”.

BUSINESS SEGMENT INFORMATION

BUSINESS SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
BUSINESS SEGMENT INFORMATION	BUSINESS SEGMENT INFORMATION Terex is a global manufacturer of aerial work platforms, cranes and materials processing machinery. The Company designs, builds and supports products used in construction, maintenance, manufacturing, energy, minerals and materials management applications. Terex’s products are manufactured in North and South America, Europe, Australia and Asia and sold worldwide. The Company engages with customers through all stages of the product life cycle, from initial specification and financing to parts and service support. The Company operates in three reportable segments: (i) Aerial Work Platforms (“AWP”); (ii) Cranes; and (iii) Materials Processing (“MP”). The AWP segment designs, manufactures, services and markets aerial work platform equipment, telehandlers and light towers, as well as their related components and replacement parts. 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 Cranes segment designs, manufactures, services, refurbishes and markets a wide variety of cranes, including mobile telescopic cranes, lattice boom crawler cranes, tower cranes, and utility equipment, as well as their related components and replacement parts. Customers use these products primarily 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 and a wide range of infrastructure projects. The MP segment designs, manufactures and markets materials processing and specialty equipment, including crushers, washing systems, screens, apron feeders, material handlers, wood processing, biomass and recycling equipment, concrete mixer trucks and concrete pavers, and their related components and replacement parts. 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, material handling applications, and in building roads and bridges. 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. TFS is included in the Corporate and Other category. Business segment information is presented below (in millions): Three Months Ended Nine Months Ended 2018 2017 2018 2017 Net Sales AWP $ 634.2 $ 556.7 $ 2,024.2 $ 1,622.1 Cranes 301.2 301.9 950.5 869.6 MP 295.2 259.9 917.2 789.5 Corporate and Other / Eliminations (2.1 ) (7.3 ) — 18.6 Total $ 1,228.5 $ 1,111.2 $ 3,891.9 $ 3,299.8 Income (loss) from Operations AWP $ 72.8 $ 57.5 $ 234.6 $ 140.0 Cranes (14.1 ) (0.3 ) (36.1 ) (16.8 ) MP 38.5 28.4 119.8 89.5 Corporate and Other / Eliminations (25.3 ) (19.7 ) (71.7 ) (73.8 ) Total $ 71.9 $ 65.9 $ 246.6 $ 138.9 September 30, December 31, Identifiable Assets AWP $ 1,571.5 $ 1,358.5 Cranes 1,592.6 1,685.7 MP 1,254.2 1,219.5 Corporate and Other / Eliminations (1) (1,078.9 ) (801.2 ) Total $ 3,339.4 $ 3,462.5 (1) Decrease due to lower cash balances, primarily related to share repurchases during the first nine months of 2018 . Three Months Ended AWP Cranes MP Corporate and Other / Eliminations Total Net Sales by Product Type Aerial Work Platforms $ 512.1 $ — $ — $ 0.4 $ 512.5 Mobile Cranes — 165.5 — 2.2 167.7 Materials Processing Equipment — — 210.6 0.5 211.1 Other (1) 122.1 135.7 84.6 (5.2 ) 337.2 Total $ 634.2 $ 301.2 $ 295.2 $ (2.1 ) $ 1,228.5 (1) Includes other product types, intercompany sales and eliminations. Nine Months Ended AWP Cranes MP Corporate and Other / Eliminations Total Net Sales by Product Type Aerial Work Platforms $ 1,707.1 $ — $ — $ 1.2 $ 1,708.3 Mobile Cranes — 532.5 — 3.7 536.2 Materials Processing Equipment — — 632.8 1.3 634.1 Other (1) 317.1 418.0 284.4 (6.2 ) 1,013.3 Total $ 2,024.2 $ 950.5 $ 917.2 $ — $ 3,891.9 (1) Includes other product types, intercompany sales and eliminations. Three Months Ended AWP Cranes MP Corporate and Other / Eliminations Total Net Sales by Product Type Aerial Work Platforms $ 458.2 $ — $ — $ 0.8 $ 459.0 Mobile Cranes — 173.7 — 0.7 174.4 Materials Processing Equipment — — 174.5 (0.4 ) 174.1 Other (1) 98.5 128.2 85.4 (8.4 ) 303.7 Total $ 556.7 $ 301.9 $ 259.9 $ (7.3 ) $ 1,111.2 (1) Includes other product types, intercompany sales and eliminations. Nine Months Ended AWP Cranes MP Corporate and Other / Eliminations Total Net Sales by Product Type Aerial Work Platforms $ 1,356.4 $ — $ — $ 1.9 $ 1,358.3 Mobile Cranes — 491.8 — 1.5 493.3 Materials Processing Equipment 0.6 — 527.9 0.1 528.6 Other (1) 265.1 377.8 261.6 (18.1 ) 886.4 Compact Construction Equipment (2) — — — 33.2 33.2 Total $ 1,622.1 $ 869.6 $ 789.5 $ 18.6 $ 3,299.8 (1) Includes other product types, intercompany sales and eliminations. (2) Remaining Compact Construction product lines divested in 2017. Three Months Ended AWP Cranes MP Corporate and Other / Eliminations Total Net Sales by Region North America $ 415.8 $ 150.6 $ 116.4 $ 15.3 $ 698.1 Western Europe 98.3 69.9 97.8 0.1 266.1 Asia-Pacific 74.9 42.5 48.3 0.3 166.0 Rest of World (1) 45.2 38.2 32.7 (17.8 ) 98.3 Total $ 634.2 $ 301.2 $ 295.2 $ (2.1 ) $ 1,228.5 (1) Includes intercompany sales and eliminations. Nine Months Ended AWP Cranes MP Corporate and Other / Eliminations Total Net Sales by Region North America $ 1,276.0 $ 441.4 $ 387.2 $ 54.6 $ 2,159.2 Western Europe 447.9 201.3 276.6 0.5 926.3 Asia-Pacific 189.9 120.1 149.2 1.2 460.4 Rest of World (1) 110.4 187.7 104.2 (56.3 ) 346.0 Total $ 2,024.2 $ 950.5 $ 917.2 $ — $ 3,891.9 (1) Includes intercompany sales and eliminations. Three Months Ended AWP Cranes MP Corporate and Other / Eliminations Total Net Sales by Region North America $ 331.2 $ 126.6 $ 118.4 $ 26.1 $ 602.3 Western Europe 105.7 77.1 68.9 — 251.7 Asia-Pacific 69.8 36.9 43.9 0.4 151.0 Rest of World (1) 50.0 61.3 28.7 (33.8 ) 106.2 Total $ 556.7 $ 301.9 $ 259.9 $ (7.3 ) $ 1,111.2 (1) Includes intercompany sales and eliminations. Nine Months Ended AWP Cranes MP Corporate and Other / Eliminations Total Net Sales by Region North America $ 974.4 $ 373.7 $ 386.2 $ 74.8 $ 1,809.1 Western Europe 321.6 213.0 204.1 18.4 757.1 Asia-Pacific 191.0 117.7 111.7 11.9 432.3 Rest of World (1) 135.1 165.2 87.5 (86.5 ) 301.3 Total $ 1,622.1 $ 869.6 $ 789.5 $ 18.6 $ 3,299.8 (1) Includes intercompany sales and eliminations.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES During the three months ended September 30, 2018 , the Company recognized income tax expense of $12.3 million on income of $50.7 million , an effective tax rate of 24.3% , as compared to income tax expense of $0.1 million on income of $56.7 million , an effective tax rate of 0.2% , for the three months ended September 30, 2017 . The higher effective tax rate for the three months ended September 30, 2018 is primarily due to low-taxed appreciation of Konecranes Plc, a Finnish public company limited by shares, (“Konecranes”) shares and favorable geographic mix of earnings in the three months ended September 30, 2017 , partially offset by tax benefits from audit settlements and release of reserves for uncertain tax positions in the three months ended September 30, 2018 . During the nine months ended September 30, 2018 , the Company recognized income tax expense of $52.6 million on income of $194.5 million , an effective tax rate of 27.0% , as compared to income tax benefit of $5.1 million on income of $86.6 million , an effective tax rate of (5.9)% , for the nine months ended September 30, 2017 . The higher effective tax rate for the nine months ended September 30, 2018 is primarily due to low-taxed appreciation of Konecranes shares, a tax benefit for a non-U.S. interest deduction, and favorable geographic mix of earnings in the nine months ended September 30, 2017 , when compared with the nine months ended September 30, 2018 . During the fourth quarter of 2017, the Company recorded provisional amounts for the effects of the 2017 Federal Tax Act pursuant to Staff Accounting Bulletin No. 118. In the third quarter of 2018, the Company recorded measurement period adjustments that did not have a material effect on the Condensed Consolidated Financial Statements. The Company will continue to update its calculations as additional information is obtained and analyzed, interpretations of law and assumptions are refined, and additional guidance is issued. The Company will finalize the 2017 provisional amounts in the fourth quarter of 2018.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	9 Months Ended
	Sep. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONS MHPS On May 16, 2016, Terex agreed to sell its Material Handling and Port Solutions (“MHPS”) business to Konecranes by entering into a Stock and Asset Purchase Agreement, as amended (the “SAPA”), with Konecranes. On January 4, 2017, the Company completed the disposition of its MHPS business to Konecranes (the “Disposition”), pursuant to the SAPA, effective as of January 1, 2017. In connection with the Disposition, the Company received 19.6 million newly issued Class B shares of Konecranes and approximately $835 million in cash after adjustments for estimated cash, debt and net working capital at closing and the divestiture of Konecranes’ Stahl Crane Systems business, which was undertaken by Konecranes in connection with the Disposition. During the three and nine months ended September 30, 2017 , the Company recognized a gain on the Disposition (net of tax) of $2.6 million and $60.7 million , respectively. During the three months ended September 30, 2017 , the Company sold 5.2 million Konecranes shares for proceeds of approximately $221 million and recorded a $3.4 million net gain on sale of shares which included a loss of $2.6 million attributable to foreign exchange rate changes. During the nine months ended September 30, 2017 , the Company sold 19.6 million Konecranes shares for proceeds of approximately $770 million and recorded a $42.0 million net gain on sale of shares which included a gain of $41.6 million attributable to foreign exchange rate changes. The net gain is recorded as a component of Other income (expense) - net in the Condensed Consolidated Statement of Comprehensive Income (Loss). On March 23, 2017, Konecranes declared a dividend of €1.05 per share to holders of record as of March 27, 2017, which was paid on April 4, 2017. During the nine months ended September 30, 2017 , the Company recognized dividend income of $13.5 million as a component of Other income (expense) - net in the Condensed Consolidated Statement of Comprehensive Income (Loss). Loss Contract Related to the Disposition, the Company and Konecranes entered into an agreement for Konecranes to manufacture certain crane products on behalf of the Company for an original period of 12 months, which was subsequently amended for a total of 36 months on October 11, 2017. The Company recorded an expense of $6.3 million related to losses expected to be incurred over the original agreement’s life during the nine months ended September 30, 2017 . Gain (loss) on disposition of discontinued operations - net of tax (in millions): Three Months Ended September 30, 2018 2017 MHPS Atlas Other Total MHPS Atlas Total Gain (loss) on disposition of discontinued operations $ (0.2 ) $ — $ — $ (0.2 ) $ 2.8 $ — $ 2.8 (Provision for) benefit from income taxes — — 0.4 0.4 (0.2 ) — (0.2 ) Gain (loss) on disposition of discontinued operations – net of tax $ (0.2 ) $ — $ 0.4 $ 0.2 $ 2.6 $ — $ 2.6 Nine Months Ended September 30, 2018 2017 MHPS Atlas Other Total MHPS Atlas Total Gain (loss) on disposition of discontinued operations $ (0.8 ) $ 3.2 $ — $ 2.4 $ 82.3 $ 3.5 $ 85.8 (Provision for) benefit from income taxes 0.1 (0.5 ) 2.8 2.4 (21.6 ) (0.5 ) (22.1 ) Gain (loss) on disposition of discontinued operations – net of tax $ (0.7 ) $ 2.7 $ 2.8 $ 4.8 $ 60.7 $ 3.0 $ 63.7

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE (in millions, except per share data) Three Months Ended Nine Months Ended 2018 2017 2018 2017 Income (loss) from continuing operations $ 38.4 $ 56.6 $ 141.9 $ 91.7 Gain (loss) on disposition of discontinued operations–net of tax 0.2 2.6 4.8 63.7 Net income (loss) $ 38.6 $ 59.2 $ 146.7 $ 155.4 Basic shares: Weighted average shares outstanding 73.7 88.0 76.3 96.2 Earnings (loss) per share – basic: Income (loss) from continuing operations $ 0.52 $ 0.64 $ 1.86 $ 0.96 Gain (loss) on disposition of discontinued operations–net of tax — 0.03 0.06 0.66 Net income (loss) $ 0.52 $ 0.67 $ 1.92 $ 1.62 Diluted shares: Weighted average shares outstanding - basic 73.7 88.0 76.3 96.2 Effect of dilutive securities: Restricted stock awards 1.4 2.0 1.6 1.9 Diluted weighted average shares outstanding 75.1 90.0 77.9 98.1 Earnings (loss) per share – diluted: Income (loss) from continuing operations $ 0.51 $ 0.63 $ 1.82 $ 0.93 Gain (loss) on disposition of discontinued operations–net of tax — 0.03 0.06 0.65 Net income (loss) $ 0.51 $ 0.66 $ 1.88 $ 1.58 Non-vested restricted stock awards granted by the Company are treated as potential common shares outstanding in computing diluted earnings per share using the treasury stock method. Weighted average restricted stock awards of approximately 0.2 million and 0.1 million were outstanding during the three and nine months ended September 30, 2018 , respectively, but were not included in the computation of diluted shares as the effect would be anti-dilutive or performance targets were not expected to be achieved for awards contingent upon performance. In 2017, these awards were not material.

FINANCE RECEIVABLES

FINANCE RECEIVABLES	9 Months Ended
	Sep. 30, 2018
Receivables [Abstract]
FINANCE RECEIVABLES	FINANCE RECEIVABLES The Company, primarily through TFS, leases equipment and provides financing to customers for the purchase and use of Terex equipment. In the normal course of business, TFS assesses credit risk, establishes structure and pricing of financing transactions, documents the finance receivable, and records and funds the transactions. The Company bills and collects cash from the end customer. The Company primarily conducts on-book business in the U.S., with limited business in China, Germany and Italy. The Company does business with various types of customers consisting of rental houses, end user customers and Terex equipment dealers. The Company’s net finance receivable balances include both sales-type leases and commercial loans. Finance receivables that management intends to hold until maturity are stated at their outstanding unpaid principal balances, net of an allowance for loan losses as well as any deferred fees and costs. Finance receivables originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value, on an individual asset basis. During the three and nine months ended September 30, 2018 , the Company transferred finance receivables of $72.0 million and $228.1 million , respectively, to third party financial institutions, which qualified for sales treatment under ASC 860. During the three and nine months ended September 30, 2017 , the Company transferred finance receivables of $60.5 million and $149.5 million , respectively, to third party financial institutions, which qualified for sales treatment under ASC 860. The Company had $16.6 million and $26.0 million of held for sale finance receivables recorded in Prepaid and other current assets in the Condensed Consolidated Balance Sheet at September 30, 2018 and December 31, 2017 , respectively. Revenue attributable to finance receivables management intends to hold until maturity is recognized on the accrual basis using the effective interest method. The Company bills customers and accrues interest income monthly on the unpaid principal balance. The accrual of interest is generally discontinued when the contractual payment of principal or interest has become 90 days past due or management has significant doubts about further collectability of contractual payments, even though the loan may be currently performing. A receivable may remain on accrual status if it is in the process of collection and is either guaranteed or secured. Interest received on non-accrual finance receivables is typically applied against principal. Finance receivables are generally restored to accrual status when the obligation is brought current and the borrower has performed in accordance with the contractual terms for a reasonable period of time and the ultimate collectability of the total contractual principal and interest is no longer in doubt. The Company has a history of enforcing the terms of these separate financing agreements. Finance receivables, net consisted of the following (in millions): September 30, December 31, Commercial loans $ 119.9 $ 180.2 Sales-type leases 42.8 26.5 Total finance receivables, gross 162.7 206.7 Allowance for credit losses (4.5 ) (6.6 ) Total finance receivables, net $ 158.2 $ 200.1 Approximately $59 million and $84 million of finance receivables are recorded in Prepaid and other current assets and approximately $99 million and $116 million are recorded in Other assets in the Condensed Consolidated Balance Sheet at September 30, 2018 and December 31, 2017 , respectively. Credit losses are charged against the allowance for credit losses when management ceases active collection efforts. Subsequent recoveries, if any, are credited to earnings. The allowance for credit losses is maintained at a level set by management which represents evaluation of known and inherent risks in the portfolio at the consolidated balance sheet date. Management’s periodic evaluation of the adequacy of the allowance is based on the Company’s past loan loss experience, market-based loss experience, specific customer situations, estimated value of any underlying collateral, current economic conditions, and other relevant factors. This evaluation is inherently subjective, since it requires estimates that may be susceptible to significant change. Although specific and general loss allowances are established in accordance with management’s best estimate, actual losses are dependent upon future events and, as such, further additions to or decreases from the level of loss allowances may be necessary. The following table presents an analysis of the allowance for credit losses (in millions): Three Months Ended Three Months Ended Commercial Loans Sales-Type Leases Total Commercial Loans Sales-Type Leases Total Balance, beginning of period $ 3.0 $ 1.5 $ 4.5 $ 5.9 $ 0.4 $ 6.3 Provision for credit losses — — — 0.9 0.1 1.0 Charge offs — — — (0.2 ) — (0.2 ) Balance, end of period $ 3.0 $ 1.5 $ 4.5 $ 6.6 $ 0.5 $ 7.1 Nine Months Ended Nine Months Ended Commercial Loans Sales-Type Leases Total Commercial Loans Sales-Type Leases Total Balance, beginning of period $ 5.7 $ 0.9 $ 6.6 $ 5.9 $ 0.4 $ 6.3 Provision for credit losses (1.6 ) 0.6 (1.0 ) 1.0 0.1 1.1 Charge offs (1.1 ) — (1.1 ) (0.3 ) — (0.3 ) Balance, end of period $ 3.0 $ 1.5 $ 4.5 $ 6.6 $ 0.5 $ 7.1 The Company utilizes a two tier approach to set allowances: (1) identification of impaired finance receivables and establishment of specific loss allowances on such receivables; and (2) establishment of general loss allowances on the remainder of its portfolio. Specific loss allowances are established based on circumstances and factors of specific receivables. The Company regularly reviews the portfolio which allows for early identification of potentially impaired receivables. The process takes into consideration, among other things, delinquency status, type of collateral and other factors specific to the borrower. General loss allowance levels are determined based upon a combination of factors including, but not limited to, TFS experience, general market loss experience, performance of the portfolio, current economic conditions, and management's judgment. The two primary risk characteristics inherent in the portfolio are (1) the customer's ability to meet contractual payment terms, and (2) the liquidation values of the underlying primary and secondary collaterals. The Company records a general or unallocated loss allowance that is calculated by applying the reserve rate to its portfolio, including the unreserved balance of accounts that have been specifically reserved. All delinquent accounts are reviewed for potential impairment. A receivable is deemed to be impaired when based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Amount of impairment is measured as the difference between the balance outstanding and underlying collateral value of equipment being financed, as well as any other collateral. All finance receivables identified as impaired are evaluated individually. Generally, the Company does not change terms and conditions of existing finance receivables. The following table presents individually impaired finance receivables (in millions): September 30, 2018 December 31, 2017 Commercial Loans Sales-Type Leases Total Commercial Loans Sales-Type Leases Total Recorded investment $ 1.5 $ — $ 1.5 $ 6.0 $ — $ 6.0 Related allowance 0.6 — 0.6 2.4 — 2.4 Average recorded investment 2.7 — 2.7 3.7 — 3.7 The average recorded investment for impaired finance receivables was $3.0 million for commercial loans at September 30, 2017 . There were no impaired sales-type leases at September 30, 2017 . The allowance for credit losses and finance receivables by portfolio, segregated by those amounts that are individually evaluated for impairment and those that are collectively evaluated for impairment, was as follows (in millions): September 30, 2018 December 31, 2017 Allowance for credit losses, ending balance: Commercial Loans Sales-Type Leases Total Commercial Loans Sales-Type Leases Total Individually evaluated for impairment $ 0.6 $ — $ 0.6 $ 2.4 $ — $ 2.4 Collectively evaluated for impairment 2.4 1.5 3.9 3.3 0.9 4.2 Total allowance for credit losses $ 3.0 $ 1.5 $ 4.5 $ 5.7 $ 0.9 $ 6.6 Finance receivables, ending balance: Individually evaluated for impairment $ 1.5 $ — $ 1.5 $ 6.0 $ — $ 6.0 Collectively evaluated for impairment 118.4 42.8 161.2 174.2 26.5 200.7 Total finance receivables $ 119.9 $ 42.8 $ 162.7 $ 180.2 $ 26.5 $ 206.7 Accounts are considered delinquent when the billed periodic payments of the finance receivables exceed 30 days past the due date. The following tables present analysis of aging of recorded investment in finance receivables (in millions): September 30, 2018 Current 31-60 days past due 61-90 days past due Greater than 90 days past due Total past due Total Finance Receivables Commercial loans $ 115.1 $ 2.6 $ 0.1 $ 2.1 $ 4.8 $ 119.9 Sales-type leases 42.8 — — — — 42.8 Total finance receivables $ 157.9 $ 2.6 $ 0.1 $ 2.1 $ 4.8 $ 162.7 December 31, 2017 Current 31-60 days past due 61-90 days past due Greater than 90 days past due Total past due Total Finance Receivables Commercial loans $ 174.2 $ 2.1 $ — $ 3.9 $ 6.0 $ 180.2 Sales-type leases 26.5 — — — — 26.5 Total finance receivables $ 200.7 $ 2.1 $ — $ 3.9 $ 6.0 $ 206.7 Commercial loans in the amount of $5.5 million and $10.5 million were on non-accrual status as of September 30, 2018 and December 31, 2017 , respectively. At September 30, 2018 and December 31, 2017 , there were no sales-type leases on non-accrual status. Credit Quality Information Credit quality is reviewed periodically based on customers’ payment status. In addition to delinquency status, any information received regarding a customer (such as bankruptcy filings, etc.) will also be considered to determine the credit quality of the customer. Collateral asset values are also monitored regularly to determine the potential loss exposures on any given transaction. The Company uses the following internal credit quality indicators, based on an internal risk rating system, using certain external credit data, listed from the lowest level of risk to highest level of risk. The internal rating system considers factors affecting specific borrowers’ ability to repay. Finance receivables by risk rating (in millions): Rating September 30, 2018 December 31, 2017 Superior $ 5.8 $ 3.3 Above Average 24.3 31.8 Average 31.9 73.1 Below Average 90.4 79.6 Sub Standard 10.3 18.9 Total $ 162.7 $ 206.7 During the nine months ended September 30, 2018 , the Company reduced its portfolio relative to 2017 by syndicating its finance receivables to financial institutions. The receivables sold were primarily rated Average. The Company believes the finance receivables retained, net of allowance for credit losses, are collectible.

INVENTORIES

INVENTORIES	9 Months Ended
	Sep. 30, 2018
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories consist of the following (in millions): September 30, December 31, Finished equipment $ 448.2 $ 419.6 Replacement parts 163.8 163.3 Work-in-process 212.1 165.6 Raw materials and supplies 288.2 221.1 Inventories $ 1,112.3 $ 969.6 Reserves for lower of cost or net realizable value and excess and obsolete inventory were $81.4 million and $85.8 million at September 30, 2018 and December 31, 2017 , respectively.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	9 Months Ended
	Sep. 30, 2018
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment – net consist of the following (in millions): September 30, December 31, Property $ 48.1 $ 43.3 Plant 175.8 144.7 Equipment 473.8 479.3 Property, plant and equipment – gross 697.7 667.3 Less: Accumulated depreciation (367.0 ) (356.3 ) Property, plant and equipment – net $ 330.7 $ 311.0

GOODWILL AND INTANGIBLE ASSETS,

GOODWILL AND INTANGIBLE ASSETS, NET	9 Months Ended
	Sep. 30, 2018
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 Cranes MP Total Balance at December 31, 2017, gross $ 140.2 $ 179.3 $ 195.2 $ 514.7 Accumulated impairment (38.6 ) (179.3 ) (23.2 ) (241.1 ) Balance at December 31, 2017, net 101.6 — 172.0 273.6 Foreign exchange effect and other (0.7 ) — (4.8 ) (5.5 ) Balance at September 30, 2018, gross 139.5 179.3 190.4 509.2 Accumulated impairment (38.6 ) (179.3 ) (23.2 ) (241.1 ) Balance at September 30, 2018, net $ 100.9 $ — $ 167.2 $ 268.1 Intangible assets, net were comprised of the following (in millions): September 30, 2018 December 31, 2017 Weighted Average Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Definite-lived intangible assets: Technology 7 $ 18.2 $ (17.4 ) $ 0.8 $ 18.8 $ (17.8 ) $ 1.0 Customer Relationships 20 32.8 (28.7 ) 4.1 33.2 (28.3 ) 4.9 Land Use Rights 81 4.3 (0.6 ) 3.7 4.8 (0.6 ) 4.2 Other 8 26.4 (23.1 ) 3.3 26.5 (22.8 ) 3.7 Total definite-lived intangible assets $ 81.7 $ (69.8 ) $ 11.9 $ 83.3 $ (69.5 ) $ 13.8 Three Months Ended Nine Months Ended (in millions) 2018 2017 2018 2017 Aggregate Amortization Expense $ 0.5 $ 0.5 $ 1.5 $ 1.5 Estimated aggregate intangible asset amortization expense (in millions) for each of the next five years below is: 2018 $ 2.0 2019 $ 1.7 2020 $ 1.7 2021 $ 1.6 2022 $ 1.4

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE FINANCIAL INSTRUMENTS	DERIVATIVE FINANCIAL INSTRUMENTS The Company operates internationally, with manufacturing and sales facilities in various locations around the world. In the normal course of business, the Company primarily uses cash flow derivatives to manage foreign currency and price risk exposures on third party and intercompany forecasted transactions. For a derivative to qualify for hedge accounting treatment 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 method of assessing hedge effectiveness. Additionally, for hedges of forecasted transactions, 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 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. The Company does not engage in trading or other speculative use of financial instruments. The Company records all derivative contracts at fair value on a recurring basis. The Company’s derivative financial instruments are categorized under the ASC 820 hierarchy, see Note A - “Basis of Presentation,” for an explanation of the hierarchy. Foreign Exchange Contracts The Company enters into foreign exchange contracts to manage variability of future cash flows associated with recognized assets or liabilities or forecasted transactions due to changing currency exchange rates. Primary currencies to which the Company is exposed are the Euro, British Pound and Australian Dollar. These foreign exchange contracts are designated as cash flow hedging instruments. Fair values of these contracts are derived using quoted forward foreign exchange prices to interpolate values of outstanding trades at the reporting date based on their maturities. Most of the foreign exchange contracts outstanding as of September 30, 2018 mature on or before September 30, 2019 . At September 30, 2018 and December 31, 2017 , the Company had $313.9 million and $313.4 million notional amount, respectively, of foreign exchange contracts outstanding that were designated as cash flow hedge contracts. For effective hedging instruments, unrealized gains and losses associated with foreign exchange contracts are deferred as a component of Accumulated other comprehensive income (loss) (“AOCI”) until the underlying hedged transactions settle and are reclassified to Cost of goods sold (“COGS”) in the Company’s Condensed Consolidated Statement of Comprehensive Income (Loss). Certain foreign exchange contracts entered into by the Company have not been designated as hedging instruments to mitigate its exposure to changes in foreign currency exchange rates on third party forecasted transactions and recognized assets and liabilities. The Company had $59.8 million and $113.2 million notional amount of foreign exchange contracts outstanding that were not designated as hedging instruments at September 30, 2018 and December 31, 2017 , respectively. The majority of gains and losses recognized from foreign exchange contracts not designated as hedging instruments were offset by changes in the underlying hedged items, resulting in no material net impact on earnings. Changes in the fair value of these derivative financial instruments were recognized as gains or losses in Other income (expense) – net in the Condensed Consolidated Statement of Comprehensive Income (Loss). Other Other derivatives designated as cash flow hedging instruments include cross currency and commodity swaps with notional amounts of $46.4 million and $16.1 million at September 30, 2018 , respectively. The notional amount of cross currency swaps was $48.0 million at December 31, 2017 . The Company uses cross currency swaps to mitigate its exposure to changes in foreign currency exchange rates and commodity swaps to mitigate price risk for hot rolled coil steel (“HRC”). Fair values of cross currency swaps are based on the present value of future cash payments and receipts. Fair values of commodity swaps are determined using unadjusted market prices for HRC. Changes in the fair value of our cross currency and commodity swaps are deferred in AOCI. Gains or losses on cross currency swaps are reclassified to Other income (expense) - net in the Condensed Consolidated Statement of Comprehensive Income (Loss) when the underlying hedged item is re-measured. Gains or losses on commodity swaps are reclassified to COGS in the Condensed Consolidated Statement of Comprehensive Income (Loss) when the hedged transaction affects earnings. Other derivatives not designated as hedging instruments include a debt conversion feature on a convertible promissory note held by the Company for which changes in fair value are recorded in Other income (expense) - net in the Condensed Consolidated Statement of Comprehensive Income (Loss). The following table provides the location and fair value amounts of derivative instruments designated and not designated as hedging instruments that are reported in the Condensed Consolidated Balance Sheet (in millions): September 30, December 31, Instrument (1) Balance Sheet Account Derivatives designated as hedges Derivatives not designated as hedges Derivatives designated as hedges Derivatives not designated as hedges Foreign exchange contracts Other current assets $ 1.9 $ — $ 5.8 $ 0.3 Cross currency swaps Other current assets 0.7 — 0.7 — Debt conversion feature Other assets — 1.2 — 1.5 Foreign exchange contracts Other current liabilities (5.8 ) (0.7 ) (1.6 ) — Cross currency swaps Other non-current liabilities (4.5 ) — (5.3 ) — Net derivative asset (liability) $ (7.7 ) $ 0.5 $ (0.4 ) $ 1.8 (1) Categorized as Level 2 under the ASC 820 Fair Value Hierarchy. The following tables provide the effect of derivative instruments that are designated as hedges in AOCI (in millions): Gain (Loss) Recognized on Derivatives in OCI, net of tax Gain (Loss) Reclassified from AOCI into Income Instrument Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 Income Statement Account Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 Foreign exchange contracts $ 0.3 $ (6.5 ) Cost of goods sold $ (1.6 ) $ 0.6 Cross currency swaps (0.2 ) (0.7 ) Other income (expense) - net 0.3 1.6 Total $ 0.1 $ (7.2 ) Total $ (1.3 ) $ 2.2 Gain (Loss) Recognized on Derivatives in OCI, net of tax: Instrument Three Months Ended Nine Months Ended Foreign exchange contracts $ (0.9 ) $ 4.6 Cross currency swaps (0.2 ) (0.2 ) Total $ (1.1 ) $ 4.4 Gain (Loss) Reclassified from AOCI into Income (Effective): Income Statement Account Three Months Ended Nine Months Ended Cost of goods sold $ 2.5 $ 1.0 Other income (expense) – net (1.6 ) (2.3 ) Total $ 0.9 $ (1.3 ) The following tables provide the effect of derivative instruments that are designated as hedges in the Condensed Consolidated Statement of Comprehensive Income (Loss) (in millions): Classification and amount of Gain or Loss Recognized in Income Cost of goods sold Other income (expense) - net Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 Income Statement Accounts in which effects of cash flow hedges are recorded $ (995.7 ) $ (3,148.9 ) $ (4.4 ) $ (5.8 ) Gain (Loss) Reclassified from AOCI into Income: Foreign exchange contracts (1.6 ) 0.6 — — Cross currency swaps — — 0.3 1.6 Total $ (1.6 ) $ 0.6 $ 0.3 $ 1.6 Gain (Loss) Recognized on Derivatives (Ineffective) in Income : Income Statement Account Three Months Ended Nine Months Ended Cost of goods sold $ 0.8 $ 1.6 Other income (expense) – net 0.3 0.2 Total $ 1.1 $ 1.8 Derivatives not designated as hedges are used to offset foreign exchange gains or losses resulting from the underlying exposures of foreign currency denominated assets and liabilities. The following table provides the effect of non-designated derivatives outstanding at the end of the period in the Condensed Consolidated Statement of Comprehensive Income (Loss) (in millions): Gain (Loss) Recognized in Income Three Months Ended Nine Months Ended Instrument Income Statement Account 2018 2017 2018 2017 Foreign exchange contracts Other income (expense) – net $ (0.7 ) $ 0.7 $ (0.9 ) $ (1.4 ) Debt conversion feature Other income (expense) – net (1.0 ) 0.5 (0.3 ) 0.3 Total $ (1.7 ) $ 1.2 $ (1.2 ) $ (1.1 ) In the Condensed Consolidated Statement of Comprehensive Income (Loss), the Company records hedging activity related to foreign exchange contracts, cross currency and commodity swaps and the debt conversion feature in the accounts for which the hedged items are recorded. On the Condensed Consolidated Statement of Cash Flows, the Company presents cash flows from hedging activities in the same manner as it records the underlying item being hedged. Counterparties to the Company’s derivative financial instruments are major financial institutions and commodity trading companies 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. See Note O - “Stockholders’ Equity” for unrealized net gains (losses), net of tax, included in AOCI. Within the unrealized net gains (losses) included in AOCI as of September 30, 2018 , it is estimated that $2.7 million of losses are expected to be reclassified into earnings in the next twelve months.

RESTRUCTURING AND OTHER CHARGES

RESTRUCTURING AND OTHER CHARGES	9 Months Ended
	Sep. 30, 2018
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 demand for its products. Restructuring During 2016, the Company established restructuring programs in its Cranes segment to transfer production between existing facilities and close certain facilities in order to maximize labor efficiencies and reduce overhead costs. The programs are expected to cost $ 57.4 million , result in the reduction of approximately 550 team members and be completed in 2020. The following table provides information for all restructuring activities by segment regarding the amount of expense (income) incurred during the nine months ended September 30, 2018 , the cumulative amount of expenses incurred since inception of the programs through September 30, 2018 , and the total amount expected to be incurred (in millions): Amount incurred during the nine months ended September 30, 2018 Cumulative amount incurred through September 30, 2018 Total amount expected to be incurred AWP $ — $ 0.2 $ 0.2 Cranes (3.7 ) 57.4 57.4 MP — 0.1 0.1 Corp & Other 0.9 3.0 3.0 Total $ (2.8 ) $ 60.7 $ 60.7 The following table provides information by type of restructuring activity with respect to the amount of expense (income) incurred during the nine months ended September 30, 2018 , the cumulative amount of expenses incurred since inception of the programs and the total amount expected to be incurred (in millions): Employee Termination Costs Facility Exit Costs Asset Disposal and Other Costs Total Amount incurred during the nine months ended September 30, 2018 $ (4.7 ) $ 1.9 $ — $ (2.8 ) Cumulative amount incurred through September 30, 2018 $ 40.9 $ 7.0 $ 12.8 $ 60.7 Total amount expected to be incurred $ 40.9 $ 7.0 $ 12.8 $ 60.7 During the nine months ended September 30, 2018 , restructuring charges (reductions) of ($2.3) million and $(0.5) million , were included in COGS and SG&A, respectively. During the nine months ended September 30, 2017 , restructuring charges (reductions) of $(1.2) million and $2.5 million were included in COGS and SG&A, respectively. The following table provides a roll forward of the restructuring reserve by type of restructuring activity for the nine months ended September 30, 2018 (in millions): Employee Termination Costs Restructuring reserve at December 31, 2017 $ 29.7 Restructuring reserve increase (decrease) (4.7 ) Cash expenditures (9.5 ) Foreign exchange (0.4 ) Restructuring reserve at September 30, 2018 $ 15.1 Other Charges During the nine months ended September 30, 2018 , the Company recorded $0.5 million and $3.0 million as components of COGS and SG&A, respectively, for severance charges across all segments and corporate functions. During the nine months ended September 30, 2017 , the Company recorded a $17.8 million reduction to COGS, primarily due to the decrease in severance accruals for our Cranes segment established in the fourth quarter of 2016 as production volumes were expected to exceed earlier forecasts requiring us to maintain a higher headcount. During the nine months ended September 30, 2017 , the Company recorded $4.7 million as a component of SG&A for severance charges across all segments and corporate functions.

LONG-TERM OBLIGATIONS

LONG-TERM OBLIGATIONS	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
LONG-TERM OBLIGATIONS	LONG-TERM OBLIGATIONS 2017 Credit Agreement On January 31, 2017, the Company entered into a new credit agreement (as amended, the “2017 Credit Agreement”), with the lenders and issuing banks party thereto and Credit Suisse AG, Cayman Islands Branch (“CSAG”), as administrative agent and collateral agent. The 2017 Credit Agreement includes a revolving line of credit as further described below and a $400 million senior secured term loan (the “Term Loan”), which will mature on January 31, 2024. In connection with the 2017 Credit Agreement, the Company terminated its 2014 Credit Agreement (as defined below), among the Company and certain of its subsidiaries, the lenders thereunder and CSAG, as administrative agent and collateral agent, and related agreements and documents. On August 17, 2017, the Company entered into an Incremental Assumption Agreement and Amendment No. 1 to the 2017 Credit Agreement which lowered the interest rate on the Company’s Term Loan by 25 basis points. On February 28, 2018, the Company entered into an Incremental Assumption Agreement and Amendment No. 2 (“Amendment No. 2”) to the 2017 Credit Agreement which lowered the interest rate on the Company’s Term Loan by an additional 25 basis points. The Term Loan portion of the 2017 Credit Agreement bears interest at a rate of London Interbank Offered Rate (“LIBOR”) plus 2.00% with a 0.75% LIBOR floor. On April 10, 2018, the Company entered into an Incremental Revolving Credit Assumption Agreement to the 2017 Credit Agreement which increased the size of the revolving line of credit from $450 million to $600 million available through January 31, 2022. The 2017 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, with incremental amounts in excess of $300 million as long as the Company satisfies a senior secured leverage ratio contained in the 2017 Credit Agreement. The 2017 Credit Agreement requires the Company to comply with a number of covenants, which 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 2017 Credit Agreement requires the Company to comply with certain financial tests, as defined in the 2017 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 2017 Credit Agreement also contains customary default provisions. During the nine months ended September 30, 2018 , the Company recorded a loss on early extinguishment of debt related to Amendment No. 2 to the 2017 Credit Agreement of approximately $0.7 million . As of September 30, 2018 and December 31, 2017 , the Company had $392.4 million and $395.1 million , net of discount, respectively, in the Term Loan outstanding under the 2017 Credit Agreement. The weighted average interest rate on the Term Loan at September 30, 2018 and December 31, 2017 was 4.29% and 3.94% , respectively. The Company had $150.3 million revolving credit amounts outstanding as of September 30, 2018 . The weighted average interest rate on the revolving credit amounts at September 30, 2018 was 4.63% . The Company had no revolving credit amounts outstanding as of December 31, 2017 . The 2017 Credit Agreement incorporates facilities for issuance of letters of credit up to $400 million . Letters of credit issued under the 2017 Credit Agreement letter of credit facility decrease availability under the revolving line of credit (which was increased to $600 million on April 10, 2018). As of September 30, 2018 and December 31, 2017 , the Company had no letters of credit issued under the 2017 Credit Agreement. The 2017 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 lines of credit. The Company had letters of credit issued under the additional letter of credit facilities of the 2017 Credit Agreement that totaled $33.6 million and $34.3 million as of September 30, 2018 and December 31, 2017 , 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 2017 Credit Agreement. The Company had letters of credit issued under these additional arrangements of $28.3 million and $23.1 million as of September 30, 2018 and December 31, 2017 , respectively. In total, as of September 30, 2018 and December 31, 2017 , the Company had letters of credit outstanding of $61.9 million and $57.4 million , respectively. The letters of credit generally serve as collateral for certain liabilities included in the Condensed Consolidated Balance Sheet and guaranteeing the Company’s performance under contracts. Furthermore, the Company and certain of its subsidiaries agreed to take certain actions to secure borrowings under the 2017 Credit Agreement. As a result, on January 31, 2017, Terex and certain of its subsidiaries entered into a Guarantee and Collateral Agreement with CSAG, as collateral agent for the lenders, granting security and guarantees to the lenders for amounts borrowed under the 2017 Credit Agreement. Pursuant to the Guarantee and Collateral Agreement, Terex 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 substantially all of the Company’s domestic assets. 2014 Credit Agreement On August 13, 2014, the Company entered into a credit agreement (as amended, the “2014 Credit Agreement”), with the lenders party thereto and CSAG, as administrative agent and collateral agent. The 2014 Credit Agreement provided the Company with a senior secured revolving line of credit of up to $600 million that was available through August 13, 2019, a $230.0 million senior secured term loan and a €200.0 million senior secured term loan. On January 31, 2017, in connection with the 2017 Credit Agreement, the Company terminated its 2014 Credit Agreement, among the Company and certain of its subsidiaries, the lenders thereunder and CSAG, as administrative agent and collateral agent, and related agreements and documents. During the nine months ended September 30, 2017 , the Company recorded a loss on early extinguishment of debt related to its 2014 Credit Agreement of $8.2 million . 6-1/2% Senior Notes On March 27, 2012, the Company sold and issued $300.0 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 became redeemable by the Company beginning in April 2016 at an initial redemption price of 103.25% of principal amount. The Company redeemed $45.8 million principal amount of the 6-1/2% Notes in the first quarter of 2017 for $47.9 million , including market premiums of $1.2 million and accrued but unpaid interest of $0.9 million . The Company redeemed the remaining $254.2 million principal amount of the 6-1/2% Notes on April 3, 2017 for $266.7 million , including accrued but unpaid interest of $8.4 million and a call premium of $4.1 million (which was recorded as Loss on early extinguishment of debt on that date). The 6-1/2% Notes were jointly and severally guaranteed by certain of the Company’s domestic subsidiaries. 6% Senior Notes On November 26, 2012, the Company sold and issued $850.0 million aggregate principal amount of Senior Notes due 2021 (“ 6% Notes”) at par. The proceeds from this offering plus other cash were used to redeem all $800.0 million principal amount of the outstanding 8% Senior Subordinated Notes. During the first quarter of 2017, the Company redeemed all $850.0 million of the 6% Notes for $887.2 million including redemption premiums of $25.9 million and accrued but unpaid interest of $11.3 million . 5-5/8% Senior Notes On January 31, 2017, the Company sold and issued $600.0 million aggregate principal amount of Senior Notes Due 2025 (“ 5-5/8% Notes”) at par in a private offering. The proceeds from the 5-5/8% Notes, together with cash on hand, including cash from the sale of our MHPS business, was used: (i) to complete a tender offer for up to $550.0 million of our 6% Notes, (ii) to redeem and discharge such portion of the 6% Senior Notes not purchased in the tender offer, (iii) to fund a $300.0 million partial redemption of the 6% Notes, (iv) to fund repayment of all $300.0 million aggregate principal amount outstanding of our 6-1/2% Notes on or before April 3, 2017, (v) to pay related premiums, fees, discounts and expenses, and (vi) for general corporate purposes, including repayment of borrowings outstanding under the 2014 Credit Agreement. The 5-5/8% Notes are jointly and severally guaranteed by certain of the Company’s domestic subsidiaries. During the nine months ended September 30, 2017 , the Company recorded a loss on early extinguishment of debt related to its 6% Notes and its 6-1/2% Notes of $43.7 million . Fair Value of Debt 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 September 30, 2018 , as follows (in millions, except for quotes): Book Value Quote FV 5-5/8% Notes $ 600.0 $ 0.99000 $ 594 2017 Credit Agreement Term Loan (net of discount) $ 392.4 $ 1.00668 $ 395 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 ASC 820 hierarchy. The Company believes that the carrying value of its other borrowings, including amounts outstanding, if any, for the revolving credit line under the 2017 Credit Agreement approximate fair market value based on maturities for debt of similar terms. 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	9 Months Ended
	Sep. 30, 2018
Retirement Benefits [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 (“DB SERP”) in the United States. In 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 DB SERP, is as follows (in millions): Three Months Ended Nine Months Ended 2018 2017 2018 2017 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 $ 0.1 $ 0.7 $ — $ 0.2 $ 0.7 $ — $ 0.3 $ 2.1 $ — $ 0.5 $ 2.1 $ — Interest cost 1.5 1.1 — 1.7 1.2 — 4.4 3.6 0.1 4.9 3.7 0.1 Expected return on plan assets (2.0 ) (1.2 ) — (2.0 ) (1.3 ) — (6.0 ) (3.9 ) — (5.9 ) (3.7 ) — Amortization of actuarial loss 1.0 0.8 0.1 1.1 1.0 — 3.1 2.5 0.1 3.4 2.6 — Other costs — — — — — — — 0.2 — — — — Net periodic cost $ 0.6 $ 1.4 $ 0.1 $ 1.0 $ 1.6 $ — $ 1.8 $ 4.5 $ 0.2 $ 2.9 $ 4.7 $ 0.1 Components of Net periodic cost other than the Service cost component are included in Other income (expense) - Net in the Condensed Consolidated Statement of Comprehensive Income (Loss). The Service cost component is included in the same line item or items as other compensation costs arising from services rendered by pertinent employees during the period.

LITIGATION AND CONTINGENCIES

LITIGATION AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2018
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 the likelihood of a material loss beyond amounts accrued is remote. The Company believes the outcome of such matters, individually and in aggregate, will not have a material adverse effect on its financial statements as a whole. However, 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. Securities and Stockholder Derivative Lawsuits In 2010, the Company received complaints seeking certification of class action lawsuits as follows: • A consolidated class action complaint for violations of securities laws 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 time 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 that there were breaches of fiduciary duties. 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 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. On March 31, 2018, the securities lawsuit was dismissed against all of the named defendants except Mr. Riordan and Terex. In addition, certain claims were also narrowed. However, as all claims against Mr. Riordan were not dismissed, the case will continue against both Mr. Riordan and as a result Terex as well. The Company believes that the remaining allegations in the securities suit and allegations in the stockholder derivative claim are without merit, and Terex and the named executive will vigorously defend against them. The Company believes that it has acted, and continues to act, in compliance with federal securities laws and Delaware law with respect to these matters. However, the outcome of the lawsuits cannot be predicted and, if determined adversely, could ultimately result in the Company incurring significant liabilities. Demag Cranes AG Appraisal Proceedings In connection with the Company’s purchase of Demag Cranes AG (“DCAG”) in 2011, certain former shareholders of DCAG initiated appraisal proceedings relating to (i) a domination and profit loss transfer agreement between DCAG and Terex Germany GmbH & Co. KG (the “DPLA Proceeding”) and (ii) the squeeze out of the former DCAG shareholders (the “Squeeze out Proceeding”) alleging that the Company did not pay fair value for the shares of DCAG. In April 2018, the Company reached an agreement with the former shareholders of DCAG to settle the DPLA Proceeding for an amount not material to the Company’s consolidated financial statements. The Squeeze out Proceeding will continue and is still in the relatively early stages. While the Company believes the position of the former shareholders of DCAG is without merit and is vigorously opposing it, no assurance can be given as to the final resolution of the Squeeze out Proceeding or that the Company will not ultimately be required to make an additional payment as a result of such dispute. 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 time of default. As of September 30, 2018 and December 31, 2017 , the Company’s maximum exposure to such credit guarantees was $55.5 million and $49.2 million , respectively. 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 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. Residual Value Guarantees The Company issues residual value guarantees under sales-type leases. A residual value guarantee involves a guarantee that a piece of equipment will have a minimum fair market value at a future date if certain conditions are met by the customer. Maximum exposure for residual value guarantees issued by the Company totaled $3.1 million and $4.2 million as of September 30, 2018 and December 31, 2017 , respectively. The Company is generally able to mitigate a portion of risk associated with these guarantees because the maturity of guarantees is staggered, limiting the amount of used equipment entering the marketplace at any one time. The Company has recorded an aggregate liability within Other current liabilities and Other non-current liabilities in the Condensed Consolidated Balance Sheet of approximately $4 million as of September 30, 2018 and December 31, 2017 , respectively, for estimated fair value of all guarantees provided. There can be no assurance 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 used equipment markets at the time of loss.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Sep. 30, 2018
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY Changes in Accumulated Other Comprehensive Income (Loss) The table below presents changes in AOCI by component for the three and nine months ended September 30, 2018 and 2017 . All amounts are net of tax (in millions). Three Months Ended Three Months Ended CTA Derivative Hedging Adj. Debt & Equity Securities Adj. Pension Liability Adj. Total CTA Derivative Hedging Adj. Debt & Equity Securities Adj. Pension Liability Adj. Total Beginning balance $ (187.8 ) $ (5.2 ) $ 0.7 $ (95.9 ) $ (288.2 ) $ (190.3 ) $ 3.1 $ 1.3 $ (107.7 ) $ (293.6 ) Other comprehensive income (loss) before reclassifications (18.1 ) (1.0 ) 0.4 0.7 (18.0 ) 32.4 (0.1 ) 2.4 (2.0 ) 32.7 Amounts reclassified from AOCI (0.7 ) 1.1 — 1.5 1.9 (1.2 ) (1.0 ) — 1.5 (0.7 ) Net Other Comprehensive Income (Loss) (18.8 ) 0.1 0.4 2.2 (16.1 ) 31.2 (1.1 ) 2.4 (0.5 ) 32.0 Ending balance $ (206.6 ) $ (5.1 ) $ 1.1 $ (93.7 ) $ (304.3 ) $ (159.1 ) $ 2.0 $ 3.7 $ (108.2 ) $ (261.6 ) Nine Months Ended Nine Months Ended CTA Derivative Hedging Adj. Debt & Equity Securities Adj. Pension Liability Adj. Total CTA (1) Derivative Hedging Adj. Debt & Equity Securities Adj. Pension Liability Adj. (2) Total Beginning balance $ (144.7 ) $ 2.1 $ 4.3 $ (101.2 ) $ (239.5 ) $ (615.3 ) $ (2.4 ) $ 0.6 $ (162.3 ) $ (779.4 ) Other comprehensive income (loss) before reclassifications (61.2 ) (5.7 ) (3.2 ) 3.0 (67.1 ) 100.4 3.7 3.0 (5.5 ) 101.6 Amounts reclassified from AOCI (0.7 ) (1.5 ) — 4.5 2.3 355.8 0.7 0.1 59.6 416.2 Net Other Comprehensive Income (Loss) (61.9 ) (7.2 ) (3.2 ) 7.5 (64.8 ) 456.2 4.4 3.1 54.1 517.8 Ending balance $ (206.6 ) $ (5.1 ) $ 1.1 $ (93.7 ) $ (304.3 ) $ (159.1 ) $ 2.0 $ 3.7 $ (108.2 ) $ (261.6 ) (1) Reclassification of $352.1 million of losses (net of $1.5 million of tax benefits) from AOCI to Gain (loss) on disposition of discontinued operations - net of tax in connection with the sale of the MHPS business during the nine months ended September 30, 2017. (2) Reclassification of AOCI during the nine months ended September 30, 2017 primarily relates to $55.4 million of losses (net of $23.9 million of tax benefits) reclassified from AOCI to Gain (loss) on disposition of discontinued operations - net of tax in connection with the sale of the MHPS business. Stock-Based Compensation During the nine months ended September 30, 2018 , the Company awarded 1.0 million shares of restricted stock to its employees with a weighted average grant date fair value of $40.25 per share. Approximately 62% of these awards are time-based and vest ratably on each of the first three anniversary dates. Approximately 25% cliff vest at the end of a three year period and are subject to performance targets that may or may not be met and for which the performance period has not yet been completed. Approximately 13% cliff vest and are based on performance targets containing a market condition determined over a three year period. The Company used the Monte Carlo method to determine grant date fair value of $41.57 per share for the awards with a market condition granted on March 8, 2018. 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 March 8, 2018 Dividend yields 1.00 % Expected volatility 40.41 % Risk free interest rate 2.38 % Expected life (in years) 3 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 of which approximately $131 million of this authorization was utilized prior to January 1, 2017. In February 2017, the Company announced authorization by its Board of Directors for the repurchase of up to an additional $350 million of the Company’s outstanding shares of common stock. In May 2017, the Company announced the completion of the February 2015 and February 2017 authorizations and the Company’s Board of Directors had authorized the repurchase of up to an additional $280 million of the Company’s outstanding shares of common stock. In September 2017, the Company announced the completion of the May 2017 authorization and the Company’s Board of Directors authorized a repurchase of up to an additional $225 million of the Company’s outstanding shares of common stock. In February 2018, the Company announced authorization by its Board of Directors for the repurchase of up to an additional $325 million of the Company’s outstanding shares of common stock. During the nine months ended September 30, 2018 , the Company repurchased 8.0 million shares for $325 million . In July 2018, the Company announced the completion of the February 2018 authorization and the Company’s Board of Directors authorized the repurchase of up to an additional $300 million of the Company’s outstanding shares of common stock. In each of the first three quarters of 2018, the Company’s Board of Directors declared a dividend of $0.10 per share, which was paid to its shareholders. In October 2018, the Company’s Board of Directors declared a dividend of $0.10 per share which will be paid on December 19, 2018.

BASIS OF PRESENTATION (Policies

BASIS OF PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accrued Warranties	Accrued Warranties . The Company records accruals for potential warranty claims based on its claims 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 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 current portion of the product warranty liability is included in Other current liabilities and the non-current portion is included in Other non-current liabilities in the Company’s Condensed Consolidated Balance Sheet. The liability is established using historical warranty claims experience for each product sold. Historical claims 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.
Fair Value Measurements	Fair Value Measurements. Assets and liabilities measured at fair value on a recurring basis under the provisions of ASC 820, “Fair Value Measurement and Disclosure” (“ASC 820”) include foreign exchange contracts, cross currency and commodity swaps and a debt conversion feature on a convertible promissory note discussed in Note J – “Derivative Financial Instruments” and debt discussed in Note L – “Long-term Obligations”. These instruments 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.
Revenue Recognition	Revenue Recognition. The Company recognizes revenue when goods or services are transferred to customers in an amount that reflects the consideration which it expects to receive in exchange for those goods or services. In determining when and how revenue is recognized from contracts with customers, the Company performs the following five-step analysis: (i) identification of contract with customer; (ii) determination of performance obligations; (iii) measurement of the transaction price; (iv) allocation of the transaction price to the performance obligations; and (v) recognition of revenue when (or as) the Company satisfies each performance obligation. In the United States, we have the ability to enter into a security agreement and receive a security interest in the product by filing an appropriate Uniform Commercial Code (“UCC”) financing statement. However, a significant portion of our revenue is generated outside of the United States. In many countries outside of the United States, as a matter of statutory law, a seller retains title to a product until payment is made. The laws do not provide for a seller’s retention of a security interest in goods in the same manner as established in the UCC. In these countries, we retain title to goods delivered to a customer until the customer makes payment so that we can recover the goods in the event of customer default on payment. In these circumstances, the Company considers the following events in order to determine when it is appropriate to recognize revenue: (i) the customer has physical possession of the product; (ii) the customer has legal title to the product; (iii) the customer has assumed the risks and rewards of ownership and (iv) the customer has communicated acceptance of the product. These events serve as indicators, along with the details contained within the contract, that it is appropriate to recognize revenue. The Company generates revenue through the sale of machines, parts and service, and extended warranties. Revenue from product sales is recorded when the performance obligation is fulfilled, usually at the time of shipment, at the net sales price (transaction price). Estimates of variable consideration, such as volume discounts and rebates, reduce transaction price when it is probable that a customer will attain these types of sales incentives. These estimates are primarily derived from contractual terms and historical experience. The Company elected to present revenue net of sales tax and other similar taxes and account for shipping and handling as activities to fulfill the promise to transfer goods rather than separate performance obligations. Payments are typically due either 30 or 60 days, depending on geography, following delivery of products or completion of services. Revenue from extended warranties is recognized over time on a straight line basis because the customer benefits evenly from the extended warranty throughout the period; beginning upon expiration of the standard warranty and through end of the term. Revenue from services is recognized based on cost input method as the time and materials used in the repair portrays the most accurate depiction of completion of the performance obligation. During the nine months ended September 30, 2018 , revenues generated from the sale of extended warranties and services were an immaterial portion of revenue. The Company sells equipment subject to leases and related lease payments. Income from operating leases is recognized ratably over the lease term. Revenue from sales-type leases is recognized at the inception of the lease.

BASIS OF PRESENTATION (Tables)

BASIS OF PRESENTATION (Tables)	9 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Cash and Cash Equivalents	The following table provides amounts of cash and cash equivalents presented in the Condensed Consolidated Statement of Cash Flows (in millions): September 30, 2018 December 31, 2017 Cash and cash equivalents: Cash and cash equivalents - continuing operations $ 326.0 $ 626.5 Cash and cash equivalents - held for sale 3.5 3.6 Total cash and cash equivalents $ 329.5 $ 630.1
Schedule of Product Warranty Liability	The following table summarizes the changes in the consolidated product warranty liability (in millions): Nine Months Ended September 30, 2018 Balance at beginning of period $ 52.6 Accruals for warranties issued during the period 46.6 Changes in estimates 0.6 Settlements during the period (42.3 ) Foreign exchange effect/other (2.4 ) Balance at end of period $ 55.1

BUSINESS SEGMENT INFORMATION (T

BUSINESS SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Schedule of business segment information	Business segment information is presented below (in millions): Three Months Ended Nine Months Ended 2018 2017 2018 2017 Net Sales AWP $ 634.2 $ 556.7 $ 2,024.2 $ 1,622.1 Cranes 301.2 301.9 950.5 869.6 MP 295.2 259.9 917.2 789.5 Corporate and Other / Eliminations (2.1 ) (7.3 ) — 18.6 Total $ 1,228.5 $ 1,111.2 $ 3,891.9 $ 3,299.8 Income (loss) from Operations AWP $ 72.8 $ 57.5 $ 234.6 $ 140.0 Cranes (14.1 ) (0.3 ) (36.1 ) (16.8 ) MP 38.5 28.4 119.8 89.5 Corporate and Other / Eliminations (25.3 ) (19.7 ) (71.7 ) (73.8 ) Total $ 71.9 $ 65.9 $ 246.6 $ 138.9 September 30, December 31, Identifiable Assets AWP $ 1,571.5 $ 1,358.5 Cranes 1,592.6 1,685.7 MP 1,254.2 1,219.5 Corporate and Other / Eliminations (1) (1,078.9 ) (801.2 ) Total $ 3,339.4 $ 3,462.5 (1) Decrease due to lower cash balances, primarily related to share repurchases during the first nine months of 2018 . Three Months Ended AWP Cranes MP Corporate and Other / Eliminations Total Net Sales by Product Type Aerial Work Platforms $ 512.1 $ — $ — $ 0.4 $ 512.5 Mobile Cranes — 165.5 — 2.2 167.7 Materials Processing Equipment — — 210.6 0.5 211.1 Other (1) 122.1 135.7 84.6 (5.2 ) 337.2 Total $ 634.2 $ 301.2 $ 295.2 $ (2.1 ) $ 1,228.5 (1) Includes other product types, intercompany sales and eliminations. Nine Months Ended AWP Cranes MP Corporate and Other / Eliminations Total Net Sales by Product Type Aerial Work Platforms $ 1,707.1 $ — $ — $ 1.2 $ 1,708.3 Mobile Cranes — 532.5 — 3.7 536.2 Materials Processing Equipment — — 632.8 1.3 634.1 Other (1) 317.1 418.0 284.4 (6.2 ) 1,013.3 Total $ 2,024.2 $ 950.5 $ 917.2 $ — $ 3,891.9 (1) Includes other product types, intercompany sales and eliminations. Three Months Ended AWP Cranes MP Corporate and Other / Eliminations Total Net Sales by Product Type Aerial Work Platforms $ 458.2 $ — $ — $ 0.8 $ 459.0 Mobile Cranes — 173.7 — 0.7 174.4 Materials Processing Equipment — — 174.5 (0.4 ) 174.1 Other (1) 98.5 128.2 85.4 (8.4 ) 303.7 Total $ 556.7 $ 301.9 $ 259.9 $ (7.3 ) $ 1,111.2 (1) Includes other product types, intercompany sales and eliminations. Nine Months Ended AWP Cranes MP Corporate and Other / Eliminations Total Net Sales by Product Type Aerial Work Platforms $ 1,356.4 $ — $ — $ 1.9 $ 1,358.3 Mobile Cranes — 491.8 — 1.5 493.3 Materials Processing Equipment 0.6 — 527.9 0.1 528.6 Other (1) 265.1 377.8 261.6 (18.1 ) 886.4 Compact Construction Equipment (2) — — — 33.2 33.2 Total $ 1,622.1 $ 869.6 $ 789.5 $ 18.6 $ 3,299.8 (1) Includes other product types, intercompany sales and eliminations. (2) Remaining Compact Construction product lines divested in 2017. Three Months Ended AWP Cranes MP Corporate and Other / Eliminations Total Net Sales by Region North America $ 415.8 $ 150.6 $ 116.4 $ 15.3 $ 698.1 Western Europe 98.3 69.9 97.8 0.1 266.1 Asia-Pacific 74.9 42.5 48.3 0.3 166.0 Rest of World (1) 45.2 38.2 32.7 (17.8 ) 98.3 Total $ 634.2 $ 301.2 $ 295.2 $ (2.1 ) $ 1,228.5 (1) Includes intercompany sales and eliminations. Nine Months Ended AWP Cranes MP Corporate and Other / Eliminations Total Net Sales by Region North America $ 1,276.0 $ 441.4 $ 387.2 $ 54.6 $ 2,159.2 Western Europe 447.9 201.3 276.6 0.5 926.3 Asia-Pacific 189.9 120.1 149.2 1.2 460.4 Rest of World (1) 110.4 187.7 104.2 (56.3 ) 346.0 Total $ 2,024.2 $ 950.5 $ 917.2 $ — $ 3,891.9 (1) Includes intercompany sales and eliminations. Three Months Ended AWP Cranes MP Corporate and Other / Eliminations Total Net Sales by Region North America $ 331.2 $ 126.6 $ 118.4 $ 26.1 $ 602.3 Western Europe 105.7 77.1 68.9 — 251.7 Asia-Pacific 69.8 36.9 43.9 0.4 151.0 Rest of World (1) 50.0 61.3 28.7 (33.8 ) 106.2 Total $ 556.7 $ 301.9 $ 259.9 $ (7.3 ) $ 1,111.2 (1) Includes intercompany sales and eliminations. Nine Months Ended AWP Cranes MP Corporate and Other / Eliminations Total Net Sales by Region North America $ 974.4 $ 373.7 $ 386.2 $ 74.8 $ 1,809.1 Western Europe 321.6 213.0 204.1 18.4 757.1 Asia-Pacific 191.0 117.7 111.7 11.9 432.3 Rest of World (1) 135.1 165.2 87.5 (86.5 ) 301.3 Total $ 1,622.1 $ 869.6 $ 789.5 $ 18.6 $ 3,299.8 (1) Includes intercompany sales and eliminations.

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	9 Months Ended
	Sep. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]
Schedule of discontinued operations presented in the Consolidated Financial Statements	Three Months Ended September 30, 2018 2017 MHPS Atlas Other Total MHPS Atlas Total Gain (loss) on disposition of discontinued operations $ (0.2 ) $ — $ — $ (0.2 ) $ 2.8 $ — $ 2.8 (Provision for) benefit from income taxes — — 0.4 0.4 (0.2 ) — (0.2 ) Gain (loss) on disposition of discontinued operations – net of tax $ (0.2 ) $ — $ 0.4 $ 0.2 $ 2.6 $ — $ 2.6 Nine Months Ended September 30, 2018 2017 MHPS Atlas Other Total MHPS Atlas Total Gain (loss) on disposition of discontinued operations $ (0.8 ) $ 3.2 $ — $ 2.4 $ 82.3 $ 3.5 $ 85.8 (Provision for) benefit from income taxes 0.1 (0.5 ) 2.8 2.4 (21.6 ) (0.5 ) (22.1 ) Gain (loss) on disposition of discontinued operations – net of tax $ (0.7 ) $ 2.7 $ 2.8 $ 4.8 $ 60.7 $ 3.0 $ 63.7

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Schedule of earnings per share	(in millions, except per share data) Three Months Ended Nine Months Ended 2018 2017 2018 2017 Income (loss) from continuing operations $ 38.4 $ 56.6 $ 141.9 $ 91.7 Gain (loss) on disposition of discontinued operations–net of tax 0.2 2.6 4.8 63.7 Net income (loss) $ 38.6 $ 59.2 $ 146.7 $ 155.4 Basic shares: Weighted average shares outstanding 73.7 88.0 76.3 96.2 Earnings (loss) per share – basic: Income (loss) from continuing operations $ 0.52 $ 0.64 $ 1.86 $ 0.96 Gain (loss) on disposition of discontinued operations–net of tax — 0.03 0.06 0.66 Net income (loss) $ 0.52 $ 0.67 $ 1.92 $ 1.62 Diluted shares: Weighted average shares outstanding - basic 73.7 88.0 76.3 96.2 Effect of dilutive securities: Restricted stock awards 1.4 2.0 1.6 1.9 Diluted weighted average shares outstanding 75.1 90.0 77.9 98.1 Earnings (loss) per share – diluted: Income (loss) from continuing operations $ 0.51 $ 0.63 $ 1.82 $ 0.93 Gain (loss) on disposition of discontinued operations–net of tax — 0.03 0.06 0.65 Net income (loss) $ 0.51 $ 0.66 $ 1.88 $ 1.58

FINANCE RECEIVABLES (Tables)

FINANCE RECEIVABLES (Tables)	9 Months Ended
	Sep. 30, 2018
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	Finance receivables, net consisted of the following (in millions): September 30, December 31, Commercial loans $ 119.9 $ 180.2 Sales-type leases 42.8 26.5 Total finance receivables, gross 162.7 206.7 Allowance for credit losses (4.5 ) (6.6 ) Total finance receivables, net $ 158.2 $ 200.1
Allowance for Credit Losses on Financing Receivables	The following table presents an analysis of the allowance for credit losses (in millions): Three Months Ended Three Months Ended Commercial Loans Sales-Type Leases Total Commercial Loans Sales-Type Leases Total Balance, beginning of period $ 3.0 $ 1.5 $ 4.5 $ 5.9 $ 0.4 $ 6.3 Provision for credit losses — — — 0.9 0.1 1.0 Charge offs — — — (0.2 ) — (0.2 ) Balance, end of period $ 3.0 $ 1.5 $ 4.5 $ 6.6 $ 0.5 $ 7.1 Nine Months Ended Nine Months Ended Commercial Loans Sales-Type Leases Total Commercial Loans Sales-Type Leases Total Balance, beginning of period $ 5.7 $ 0.9 $ 6.6 $ 5.9 $ 0.4 $ 6.3 Provision for credit losses (1.6 ) 0.6 (1.0 ) 1.0 0.1 1.1 Charge offs (1.1 ) — (1.1 ) (0.3 ) — (0.3 ) Balance, end of period $ 3.0 $ 1.5 $ 4.5 $ 6.6 $ 0.5 $ 7.1 The allowance for credit losses and finance receivables by portfolio, segregated by those amounts that are individually evaluated for impairment and those that are collectively evaluated for impairment, was as follows (in millions): September 30, 2018 December 31, 2017 Allowance for credit losses, ending balance: Commercial Loans Sales-Type Leases Total Commercial Loans Sales-Type Leases Total Individually evaluated for impairment $ 0.6 $ — $ 0.6 $ 2.4 $ — $ 2.4 Collectively evaluated for impairment 2.4 1.5 3.9 3.3 0.9 4.2 Total allowance for credit losses $ 3.0 $ 1.5 $ 4.5 $ 5.7 $ 0.9 $ 6.6 Finance receivables, ending balance: Individually evaluated for impairment $ 1.5 $ — $ 1.5 $ 6.0 $ — $ 6.0 Collectively evaluated for impairment 118.4 42.8 161.2 174.2 26.5 200.7 Total finance receivables $ 119.9 $ 42.8 $ 162.7 $ 180.2 $ 26.5 $ 206.7
Impaired Financing Receivables	The following table presents individually impaired finance receivables (in millions): September 30, 2018 December 31, 2017 Commercial Loans Sales-Type Leases Total Commercial Loans Sales-Type Leases Total Recorded investment $ 1.5 $ — $ 1.5 $ 6.0 $ — $ 6.0 Related allowance 0.6 — 0.6 2.4 — 2.4 Average recorded investment 2.7 — 2.7 3.7 — 3.7
Past Due Financing Receivables	The following tables present analysis of aging of recorded investment in finance receivables (in millions): September 30, 2018 Current 31-60 days past due 61-90 days past due Greater than 90 days past due Total past due Total Finance Receivables Commercial loans $ 115.1 $ 2.6 $ 0.1 $ 2.1 $ 4.8 $ 119.9 Sales-type leases 42.8 — — — — 42.8 Total finance receivables $ 157.9 $ 2.6 $ 0.1 $ 2.1 $ 4.8 $ 162.7 December 31, 2017 Current 31-60 days past due 61-90 days past due Greater than 90 days past due Total past due Total Finance Receivables Commercial loans $ 174.2 $ 2.1 $ — $ 3.9 $ 6.0 $ 180.2 Sales-type leases 26.5 — — — — 26.5 Total finance receivables $ 200.7 $ 2.1 $ — $ 3.9 $ 6.0 $ 206.7
Financing Receivable Credit Quality Indicators	Finance receivables by risk rating (in millions): Rating September 30, 2018 December 31, 2017 Superior $ 5.8 $ 3.3 Above Average 24.3 31.8 Average 31.9 73.1 Below Average 90.4 79.6 Sub Standard 10.3 18.9 Total $ 162.7 $ 206.7 During the nine months ended September 30, 2018 , the Company reduced its portfolio relative to 2017 by syndicating its finance receivables to financial institutions. The receivables sold were primarily rated Average. The Company believes the finance receivables retained, net of allowance for credit losses, are collectible.

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Sep. 30, 2018
Inventory Disclosure [Abstract]
Schedule of inventories	Inventories consist of the following (in millions): September 30, December 31, Finished equipment $ 448.2 $ 419.6 Replacement parts 163.8 163.3 Work-in-process 212.1 165.6 Raw materials and supplies 288.2 221.1 Inventories $ 1,112.3 $ 969.6

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2018
Property, Plant and Equipment [Abstract]
Schedule of property, plant and equipment	Property, plant and equipment – net consist of the following (in millions): September 30, December 31, Property $ 48.1 $ 43.3 Plant 175.8 144.7 Equipment 473.8 479.3 Property, plant and equipment – gross 697.7 667.3 Less: Accumulated depreciation (367.0 ) (356.3 ) Property, plant and equipment – net $ 330.7 $ 311.0

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)	9 Months Ended
	Sep. 30, 2018
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 Cranes MP Total Balance at December 31, 2017, gross $ 140.2 $ 179.3 $ 195.2 $ 514.7 Accumulated impairment (38.6 ) (179.3 ) (23.2 ) (241.1 ) Balance at December 31, 2017, net 101.6 — 172.0 273.6 Foreign exchange effect and other (0.7 ) — (4.8 ) (5.5 ) Balance at September 30, 2018, gross 139.5 179.3 190.4 509.2 Accumulated impairment (38.6 ) (179.3 ) (23.2 ) (241.1 ) Balance at September 30, 2018, net $ 100.9 $ — $ 167.2 $ 268.1
Schedule of intangible assets by class	Intangible assets, net were comprised of the following (in millions): September 30, 2018 December 31, 2017 Weighted Average Life Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Definite-lived intangible assets: Technology 7 $ 18.2 $ (17.4 ) $ 0.8 $ 18.8 $ (17.8 ) $ 1.0 Customer Relationships 20 32.8 (28.7 ) 4.1 33.2 (28.3 ) 4.9 Land Use Rights 81 4.3 (0.6 ) 3.7 4.8 (0.6 ) 4.2 Other 8 26.4 (23.1 ) 3.3 26.5 (22.8 ) 3.7 Total definite-lived intangible assets $ 81.7 $ (69.8 ) $ 11.9 $ 83.3 $ (69.5 ) $ 13.8
Finite-lived Intangible Assets Amortization Expense	Three Months Ended Nine Months Ended (in millions) 2018 2017 2018 2017 Aggregate Amortization Expense $ 0.5 $ 0.5 $ 1.5 $ 1.5
Schedule of intangible assets amortization expense	Estimated aggregate intangible asset amortization expense (in millions) for each of the next five years below is: 2018 $ 2.0 2019 $ 1.7 2020 $ 1.7 2021 $ 1.6 2022 $ 1.4

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2018
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 and not designated as hedging instruments that are reported in the Condensed Consolidated Balance Sheet (in millions): September 30, December 31, Instrument (1) Balance Sheet Account Derivatives designated as hedges Derivatives not designated as hedges Derivatives designated as hedges Derivatives not designated as hedges Foreign exchange contracts Other current assets $ 1.9 $ — $ 5.8 $ 0.3 Cross currency swaps Other current assets 0.7 — 0.7 — Debt conversion feature Other assets — 1.2 — 1.5 Foreign exchange contracts Other current liabilities (5.8 ) (0.7 ) (1.6 ) — Cross currency swaps Other non-current liabilities (4.5 ) — (5.3 ) — Net derivative asset (liability) $ (7.7 ) $ 0.5 $ (0.4 ) $ 1.8
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 AOCI (in millions): Gain (Loss) Recognized on Derivatives in OCI, net of tax Gain (Loss) Reclassified from AOCI into Income Instrument Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 Income Statement Account Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 Foreign exchange contracts $ 0.3 $ (6.5 ) Cost of goods sold $ (1.6 ) $ 0.6 Cross currency swaps (0.2 ) (0.7 ) Other income (expense) - net 0.3 1.6 Total $ 0.1 $ (7.2 ) Total $ (1.3 ) $ 2.2 Gain (Loss) Recognized on Derivatives in OCI, net of tax: Instrument Three Months Ended Nine Months Ended Foreign exchange contracts $ (0.9 ) $ 4.6 Cross currency swaps (0.2 ) (0.2 ) Total $ (1.1 ) $ 4.4 Gain (Loss) Reclassified from AOCI into Income (Effective): Income Statement Account Three Months Ended Nine Months Ended Cost of goods sold $ 2.5 $ 1.0 Other income (expense) – net (1.6 ) (2.3 ) Total $ 0.9 $ (1.3 ) The following tables provide the effect of derivative instruments that are designated as hedges in the Condensed Consolidated Statement of Comprehensive Income (Loss) (in millions): Classification and amount of Gain or Loss Recognized in Income Cost of goods sold Other income (expense) - net Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 Three Months Ended September 30, 2018 Nine Months Ended September 30, 2018 Income Statement Accounts in which effects of cash flow hedges are recorded $ (995.7 ) $ (3,148.9 ) $ (4.4 ) $ (5.8 ) Gain (Loss) Reclassified from AOCI into Income: Foreign exchange contracts (1.6 ) 0.6 — — Cross currency swaps — — 0.3 1.6 Total $ (1.6 ) $ 0.6 $ 0.3 $ 1.6 Gain (Loss) Recognized on Derivatives (Ineffective) in Income : Income Statement Account Three Months Ended Nine Months Ended Cost of goods sold $ 0.8 $ 1.6 Other income (expense) – net 0.3 0.2 Total $ 1.1 $ 1.8
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	Derivatives not designated as hedges are used to offset foreign exchange gains or losses resulting from the underlying exposures of foreign currency denominated assets and liabilities. The following table provides the effect of non-designated derivatives outstanding at the end of the period in the Condensed Consolidated Statement of Comprehensive Income (Loss) (in millions): Gain (Loss) Recognized in Income Three Months Ended Nine Months Ended Instrument Income Statement Account 2018 2017 2018 2017 Foreign exchange contracts Other income (expense) – net $ (0.7 ) $ 0.7 $ (0.9 ) $ (1.4 ) Debt conversion feature Other income (expense) – net (1.0 ) 0.5 (0.3 ) 0.3 Total $ (1.7 ) $ 1.2 $ (1.2 ) $ (1.1 )

RESTRUCTURING AND OTHER CHARG_2

RESTRUCTURING AND OTHER CHARGES (Tables)	9 Months Ended
	Sep. 30, 2018
Restructuring and Related Activities [Abstract]
Information for all restructuring activities by segment	The following table provides information for all restructuring activities by segment regarding the amount of expense (income) incurred during the nine months ended September 30, 2018 , the cumulative amount of expenses incurred since inception of the programs through September 30, 2018 , and the total amount expected to be incurred (in millions): Amount incurred during the nine months ended September 30, 2018 Cumulative amount incurred through September 30, 2018 Total amount expected to be incurred AWP $ — $ 0.2 $ 0.2 Cranes (3.7 ) 57.4 57.4 MP — 0.1 0.1 Corp & Other 0.9 3.0 3.0 Total $ (2.8 ) $ 60.7 $ 60.7
Information by type of restructuring activity	The following table provides information by type of restructuring activity with respect to the amount of expense (income) incurred during the nine months ended September 30, 2018 , the cumulative amount of expenses incurred since inception of the programs and the total amount expected to be incurred (in millions): Employee Termination Costs Facility Exit Costs Asset Disposal and Other Costs Total Amount incurred during the nine months ended September 30, 2018 $ (4.7 ) $ 1.9 $ — $ (2.8 ) Cumulative amount incurred through September 30, 2018 $ 40.9 $ 7.0 $ 12.8 $ 60.7 Total amount expected to be incurred $ 40.9 $ 7.0 $ 12.8 $ 60.7
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 nine months ended September 30, 2018 (in millions): Employee Termination Costs Restructuring reserve at December 31, 2017 $ 29.7 Restructuring reserve increase (decrease) (4.7 ) Cash expenditures (9.5 ) Foreign exchange (0.4 ) Restructuring reserve at September 30, 2018 $ 15.1

LONG-TERM OBLIGATIONS LONG TERM

LONG-TERM OBLIGATIONS LONG TERM OBLIGATIONS (Tables)	9 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Schedule of Carrying Values and Estimated Fair Values of Debt 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 September 30, 2018 , as follows (in millions, except for quotes): Book Value Quote FV 5-5/8% Notes $ 600.0 $ 0.99000 $ 594 2017 Credit Agreement Term Loan (net of discount) $ 392.4 $ 1.00668 $ 395

RETIREMENT PLANS AND OTHER BE_2

RETIREMENT PLANS AND OTHER BENEFITS (Tables)	9 Months Ended
	Sep. 30, 2018
Retirement Benefits [Abstract]
Schedule of components of net periodic cost	Information regarding the Company’s plans, including the DB SERP, is as follows (in millions): Three Months Ended Nine Months Ended 2018 2017 2018 2017 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 $ 0.1 $ 0.7 $ — $ 0.2 $ 0.7 $ — $ 0.3 $ 2.1 $ — $ 0.5 $ 2.1 $ — Interest cost 1.5 1.1 — 1.7 1.2 — 4.4 3.6 0.1 4.9 3.7 0.1 Expected return on plan assets (2.0 ) (1.2 ) — (2.0 ) (1.3 ) — (6.0 ) (3.9 ) — (5.9 ) (3.7 ) — Amortization of actuarial loss 1.0 0.8 0.1 1.1 1.0 — 3.1 2.5 0.1 3.4 2.6 — Other costs — — — — — — — 0.2 — — — — Net periodic cost $ 0.6 $ 1.4 $ 0.1 $ 1.0 $ 1.6 $ — $ 1.8 $ 4.5 $ 0.2 $ 2.9 $ 4.7 $ 0.1

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	9 Months Ended
	Sep. 30, 2018
Stockholders' Equity Note [Abstract]
Schedule of accumulated other comprehensive income (loss)	Changes in Accumulated Other Comprehensive Income (Loss) The table below presents changes in AOCI by component for the three and nine months ended September 30, 2018 and 2017 . All amounts are net of tax (in millions). Three Months Ended Three Months Ended CTA Derivative Hedging Adj. Debt & Equity Securities Adj. Pension Liability Adj. Total CTA Derivative Hedging Adj. Debt & Equity Securities Adj. Pension Liability Adj. Total Beginning balance $ (187.8 ) $ (5.2 ) $ 0.7 $ (95.9 ) $ (288.2 ) $ (190.3 ) $ 3.1 $ 1.3 $ (107.7 ) $ (293.6 ) Other comprehensive income (loss) before reclassifications (18.1 ) (1.0 ) 0.4 0.7 (18.0 ) 32.4 (0.1 ) 2.4 (2.0 ) 32.7 Amounts reclassified from AOCI (0.7 ) 1.1 — 1.5 1.9 (1.2 ) (1.0 ) — 1.5 (0.7 ) Net Other Comprehensive Income (Loss) (18.8 ) 0.1 0.4 2.2 (16.1 ) 31.2 (1.1 ) 2.4 (0.5 ) 32.0 Ending balance $ (206.6 ) $ (5.1 ) $ 1.1 $ (93.7 ) $ (304.3 ) $ (159.1 ) $ 2.0 $ 3.7 $ (108.2 ) $ (261.6 ) Nine Months Ended Nine Months Ended CTA Derivative Hedging Adj. Debt & Equity Securities Adj. Pension Liability Adj. Total CTA (1) Derivative Hedging Adj. Debt & Equity Securities Adj. Pension Liability Adj. (2) Total Beginning balance $ (144.7 ) $ 2.1 $ 4.3 $ (101.2 ) $ (239.5 ) $ (615.3 ) $ (2.4 ) $ 0.6 $ (162.3 ) $ (779.4 ) Other comprehensive income (loss) before reclassifications (61.2 ) (5.7 ) (3.2 ) 3.0 (67.1 ) 100.4 3.7 3.0 (5.5 ) 101.6 Amounts reclassified from AOCI (0.7 ) (1.5 ) — 4.5 2.3 355.8 0.7 0.1 59.6 416.2 Net Other Comprehensive Income (Loss) (61.9 ) (7.2 ) (3.2 ) 7.5 (64.8 ) 456.2 4.4 3.1 54.1 517.8 Ending balance $ (206.6 ) $ (5.1 ) $ 1.1 $ (93.7 ) $ (304.3 ) $ (159.1 ) $ 2.0 $ 3.7 $ (108.2 ) $ (261.6 ) (1) Reclassification of $352.1 million of losses (net of $1.5 million of tax benefits) from AOCI to Gain (loss) on disposition of discontinued operations - net of tax in connection with the sale of the MHPS business during the nine months ended September 30, 2017. (2) Reclassification of AOCI during the nine months ended September 30, 2017 primarily relates to $55.4 million of losses (net of $23.9 million of tax benefits) reclassified from AOCI to Gain (loss) on disposition of discontinued operations - net of tax in connection with the sale of the MHPS business.
Schedule of weighted-average assumptions used in the valuations	The following table presents the weighted-average assumptions used in the valuation: Grant date March 8, 2018 Dividend yields 1.00 % Expected volatility 40.41 % Risk free interest rate 2.38 % Expected life (in years) 3

BASIS OF PRESENTATION - Additio

BASIS OF PRESENTATION - Additional Information (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2016
Cash and Cash Equivalents
Cash and cash equivalents, not immediately available for use	$ 13.3	$ 5
Cash and cash equivalents - continuing operations	326	626.5
Cash and cash equivalents - held for sale	3.5	3.6
Total cash and cash equivalents	$ 329.5	$ 630.1	$ 595.7	$ 501.9

BASIS OF PRESENTATION - Changes

BASIS OF PRESENTATION - Changes in Product Warranty Liability (Details) $ in Millions	9 Months Ended
	Sep. 30, 2018USD ($)
Changes in consolidated current and non-current product warranty liability
Balance at beginning of period	$ 52.6
Accruals for warranties issued during the period	46.6
Changes in estimates	0.6
Settlements during the period	(42.3)
Foreign exchange effect/other	(2.4)
Balance at end of period	$ 55.1

BUSINESS SEGMENT INFORMATION -

BUSINESS SEGMENT INFORMATION - Additional Information (Details)	9 Months Ended
	Sep. 30, 2018segments
Segment Reporting [Abstract]
Number of reportable segments	3

BUSINESS SEGMENT INFORMATION _2

BUSINESS SEGMENT INFORMATION - Net Sales and Income (Loss) from Operations by Segment (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Segment Reporting Information [Line Items]
Net sales	$ 1,228.5	$ 1,111.2	$ 3,891.9	$ 3,299.8
Income (loss) from Operations	71.9	65.9	246.6	138.9
Operating Segments | AWP
Segment Reporting Information [Line Items]
Net sales	634.2	556.7	2,024.2	1,622.1
Income (loss) from Operations	72.8	57.5	234.6	140
Operating Segments | Cranes
Segment Reporting Information [Line Items]
Net sales	301.2	301.9	950.5	869.6
Income (loss) from Operations	(14.1)	(0.3)	(36.1)	(16.8)
Operating Segments | MP
Segment Reporting Information [Line Items]
Net sales	295.2	259.9	917.2	789.5
Income (loss) from Operations	38.5	28.4	119.8	89.5
Corporate and Other / Eliminations
Segment Reporting Information [Line Items]
Net sales	(2.1)	(7.3)	0	18.6
Income (loss) from Operations	$ (25.3)	$ (19.7)	$ (71.7)	$ (73.8)

BUSINESS SEGMENT INFORMATION _3

BUSINESS SEGMENT INFORMATION - Identifiable Assets by Segment (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Segment Reporting Information [Line Items]
Assets	$ 3,339.4	$ 3,462.5
Operating Segments | AWP
Segment Reporting Information [Line Items]
Assets	1,571.5	1,358.5
Operating Segments | Cranes
Segment Reporting Information [Line Items]
Assets	1,592.6	1,685.7
Operating Segments | MP
Segment Reporting Information [Line Items]
Assets	1,254.2	1,219.5
Corporate and Other / Eliminations
Segment Reporting Information [Line Items]
Assets	$ (1,078.9)	$ (801.2)

BUSINESS SEGMENT INFORMATION _4

BUSINESS SEGMENT INFORMATION - Net Sales by Product Type (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Segment Reporting Information [Line Items]
Net sales	$ 1,228.5	$ 1,111.2	$ 3,891.9	$ 3,299.8
Operating Segments | AWP
Segment Reporting Information [Line Items]
Net sales	634.2	556.7	2,024.2	1,622.1
Operating Segments | Cranes
Segment Reporting Information [Line Items]
Net sales	301.2	301.9	950.5	869.6
Operating Segments | MP
Segment Reporting Information [Line Items]
Net sales	295.2	259.9	917.2	789.5
Corporate and Other / Eliminations
Segment Reporting Information [Line Items]
Net sales	(2.1)	(7.3)	0	18.6
Aerial Work Platforms
Segment Reporting Information [Line Items]
Net sales	512.5	459	1,708.3	1,358.3
Aerial Work Platforms | Operating Segments | AWP
Segment Reporting Information [Line Items]
Net sales	512.1	458.2	1,707.1	1,356.4
Aerial Work Platforms | Operating Segments | Cranes
Segment Reporting Information [Line Items]
Net sales	0	0	0	0
Aerial Work Platforms | Operating Segments | MP
Segment Reporting Information [Line Items]
Net sales	0	0	0	0
Aerial Work Platforms | Corporate and Other / Eliminations
Segment Reporting Information [Line Items]
Net sales	0.4	0.8	1.2	1.9
Mobile Cranes
Segment Reporting Information [Line Items]
Net sales	167.7	174.4	536.2	493.3
Mobile Cranes | Operating Segments | AWP
Segment Reporting Information [Line Items]
Net sales	0	0	0	0
Mobile Cranes | Operating Segments | Cranes
Segment Reporting Information [Line Items]
Net sales	165.5	173.7	532.5	491.8
Mobile Cranes | Operating Segments | MP
Segment Reporting Information [Line Items]
Net sales	0	0	0	0
Mobile Cranes | Corporate and Other / Eliminations
Segment Reporting Information [Line Items]
Net sales	2.2	0.7	3.7	1.5
Materials Processing Equipment
Segment Reporting Information [Line Items]
Net sales	211.1	174.1	634.1	528.6
Materials Processing Equipment | Operating Segments | AWP
Segment Reporting Information [Line Items]
Net sales	0	0	0	0.6
Materials Processing Equipment | Operating Segments | Cranes
Segment Reporting Information [Line Items]
Net sales	0	0	0	0
Materials Processing Equipment | Operating Segments | MP
Segment Reporting Information [Line Items]
Net sales	210.6	174.5	632.8	527.9
Materials Processing Equipment | Corporate and Other / Eliminations
Segment Reporting Information [Line Items]
Net sales	0.5	(0.4)	1.3	0.1
Other
Segment Reporting Information [Line Items]
Net sales	337.2	303.7	1,013.3	886.4
Other | Operating Segments | AWP
Segment Reporting Information [Line Items]
Net sales	122.1	98.5	317.1	265.1
Other | Operating Segments | Cranes
Segment Reporting Information [Line Items]
Net sales	135.7	128.2	418	377.8
Other | Operating Segments | MP
Segment Reporting Information [Line Items]
Net sales	84.6	85.4	284.4	261.6
Other | Corporate and Other / Eliminations
Segment Reporting Information [Line Items]
Net sales	$ (5.2)	$ (8.4)	$ (6.2)	(18.1)
Compact Construction Equipment
Segment Reporting Information [Line Items]
Net sales				33.2
Compact Construction Equipment | Operating Segments | AWP
Segment Reporting Information [Line Items]
Net sales				0
Compact Construction Equipment | Operating Segments | Cranes
Segment Reporting Information [Line Items]
Net sales				0
Compact Construction Equipment | Operating Segments | MP
Segment Reporting Information [Line Items]
Net sales				0
Compact Construction Equipment | Corporate and Other / Eliminations
Segment Reporting Information [Line Items]
Net sales				$ 33.2

BUSINESS SEGMENT INFORMATION _5

BUSINESS SEGMENT INFORMATION - Net Sales by Region (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Segment Reporting Information [Line Items]
Net sales	$ 1,228.5	$ 1,111.2	$ 3,891.9	$ 3,299.8
North America
Segment Reporting Information [Line Items]
Net sales	698.1	602.3	2,159.2	1,809.1
Western Europe
Segment Reporting Information [Line Items]
Net sales	266.1	251.7	926.3	757.1
Asia-Pacific
Segment Reporting Information [Line Items]
Net sales	166	151	460.4	432.3
Rest of World
Segment Reporting Information [Line Items]
Net sales	98.3	106.2	346	301.3
Corporate and Other / Eliminations
Segment Reporting Information [Line Items]
Net sales	(2.1)	(7.3)	0	18.6
Corporate and Other / Eliminations | North America
Segment Reporting Information [Line Items]
Net sales	15.3	26.1	54.6	74.8
Corporate and Other / Eliminations | Western Europe
Segment Reporting Information [Line Items]
Net sales	0.1	0	0.5	18.4
Corporate and Other / Eliminations | Asia-Pacific
Segment Reporting Information [Line Items]
Net sales	0.3	0.4	1.2	11.9
Corporate and Other / Eliminations | Rest of World
Segment Reporting Information [Line Items]
Net sales	(17.8)	(33.8)	(56.3)	(86.5)
AWP | Operating Segments
Segment Reporting Information [Line Items]
Net sales	634.2	556.7	2,024.2	1,622.1
AWP | Operating Segments | North America
Segment Reporting Information [Line Items]
Net sales	415.8	331.2	1,276	974.4
AWP | Operating Segments | Western Europe
Segment Reporting Information [Line Items]
Net sales	98.3	105.7	447.9	321.6
AWP | Operating Segments | Asia-Pacific
Segment Reporting Information [Line Items]
Net sales	74.9	69.8	189.9	191
AWP | Operating Segments | Rest of World
Segment Reporting Information [Line Items]
Net sales	45.2	50	110.4	135.1
Cranes | Operating Segments
Segment Reporting Information [Line Items]
Net sales	301.2	301.9	950.5	869.6
Cranes | Operating Segments | North America
Segment Reporting Information [Line Items]
Net sales	150.6	126.6	441.4	373.7
Cranes | Operating Segments | Western Europe
Segment Reporting Information [Line Items]
Net sales	69.9	77.1	201.3	213
Cranes | Operating Segments | Asia-Pacific
Segment Reporting Information [Line Items]
Net sales	42.5	36.9	120.1	117.7
Cranes | Operating Segments | Rest of World
Segment Reporting Information [Line Items]
Net sales	38.2	61.3	187.7	165.2
MP | Operating Segments
Segment Reporting Information [Line Items]
Net sales	295.2	259.9	917.2	789.5
MP | Operating Segments | North America
Segment Reporting Information [Line Items]
Net sales	116.4	118.4	387.2	386.2
MP | Operating Segments | Western Europe
Segment Reporting Information [Line Items]
Net sales	97.8	68.9	276.6	204.1
MP | Operating Segments | Asia-Pacific
Segment Reporting Information [Line Items]
Net sales	48.3	43.9	149.2	111.7
MP | Operating Segments | Rest of World
Segment Reporting Information [Line Items]
Net sales	$ 32.7	$ 28.7	$ 104.2	$ 87.5

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Income Tax Disclosure [Abstract]
(Provision for) benefit from income taxes	$ (12.3)	$ (0.1)	$ (52.6)	$ 5.1
Income (loss) from continuing operations before income taxes	$ 50.7	$ 56.7	$ 194.5	$ 86.6
Effective income tax rate, continuing operations	24.30%	0.20%	27.00%	(5.90%)

DISCONTINUED OPERATIONS - Addit

DISCONTINUED OPERATIONS - Additional Information (Details) $ / shares in Units, shares in Millions, $ in Millions	Mar. 23, 2017€ / shares	Jan. 04, 2017USD ($)shares	Sep. 30, 2018USD ($)$ / shares	Jun. 30, 2018$ / shares	Mar. 31, 2018$ / shares	Sep. 30, 2017USD ($)$ / sharesshares	Sep. 30, 2018USD ($)$ / shares	Sep. 30, 2017USD ($)$ / sharesshares
Business Acquisition [Line Items]
Gain (loss) on disposition of discontinued operations – net of tax			$ 0.2			$ 2.6	$ 4.8	$ 63.7
Dividends declared (in dollars per share) | $ / shares			$ 0.10	$ 0.10	$ 0.10	$ 0.08	$ 0.30	$ 0.24
Loss on manufacturing agreement								$ (6.3)
Konecranes Plc
Business Acquisition [Line Items]
Dividends declared (in dollars per share) | € / shares	€ 1.05
Konecranes Plc
Business Acquisition [Line Items]
Equity method investment sold (in shares) | shares						5.2		19.6
Proceeds from sale of equity method investment						$ 221		$ 770
Gain (loss) on sale of equity method investment						3.4		42
Realized gain (loss) on disposal, attributable to foreign exchange rate changes						(2.6)		41.6
Dividends from equity method investment								13.5
Discontinued Operations, Disposed of by Sale
Business Acquisition [Line Items]
Gain (loss) on disposition of discontinued operations – net of tax			$ 0.2			2.6	$ 4.8	63.7
Materials Handling and Port Solutions Sale
Business Acquisition [Line Items]
Equity interest received (in shares) | shares		19.6
Materials Handling and Port Solutions Sale | Discontinued Operations, Disposed of by Sale
Business Acquisition [Line Items]
Cash received as consideration		$ 835
Gain (loss) on disposition of discontinued operations – net of tax			$ (0.2)			$ 2.6	$ (0.7)	$ 60.7

DISCONTINUED OPERATIONS - Gain

DISCONTINUED OPERATIONS - Gain (Loss) on Disposition of Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Discontinued operations in the Consolidated Statement of Comprehensive Income
Gain (loss) on disposition of discontinued operations – net of tax	$ 0.2	$ 2.6	$ 4.8	$ 63.7
Discontinued Operations, Disposed of by Sale
Discontinued operations in the Consolidated Statement of Comprehensive Income
Gain (loss) on disposition of discontinued operations	(0.2)	2.8	2.4	85.8
(Provision for) benefit from income taxes	0.4	(0.2)	2.4	(22.1)
Gain (loss) on disposition of discontinued operations – net of tax	0.2	2.6	4.8	63.7
Discontinued Operations, Disposed of by Sale | MHPS
Discontinued operations in the Consolidated Statement of Comprehensive Income
Gain (loss) on disposition of discontinued operations	(0.2)	2.8	(0.8)	82.3
(Provision for) benefit from income taxes	0	(0.2)	0.1	(21.6)
Gain (loss) on disposition of discontinued operations – net of tax	(0.2)	2.6	(0.7)	60.7
Discontinued Operations, Disposed of by Sale | Atlas
Discontinued operations in the Consolidated Statement of Comprehensive Income
Gain (loss) on disposition of discontinued operations	0	0	3.2	3.5
(Provision for) benefit from income taxes	0	0	(0.5)	(0.5)
Gain (loss) on disposition of discontinued operations – net of tax	0	$ 0	2.7	$ 3
Discontinued Operations, Disposed of by Sale | Other
Discontinued operations in the Consolidated Statement of Comprehensive Income
Gain (loss) on disposition of discontinued operations	0		0
(Provision for) benefit from income taxes	0.4		2.8
Gain (loss) on disposition of discontinued operations – net of tax	$ 0.4		$ 2.8

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Earnings per share
Income (loss) from continuing operations	$ 38.4	$ 56.6	$ 141.9	$ 91.7
Gain (loss) on disposition of discontinued operations – net of tax	0.2	2.6	4.8	63.7
Net income (loss)	$ 38.6	$ 59.2	$ 146.7	$ 155.4
Basic shares:
Weighted average shares outstanding - basic (in shares)	73.7	88	76.3	96.2
Earnings (loss) per share – basic:
Income (loss) from continuing operations	$ 0.52	$ 0.64	$ 1.86	$ 0.96
Gain (loss) on disposition of discontinued operations – net of tax	0	0.03	0.06	0.66
Net income (loss)	$ 0.52	$ 0.67	$ 1.92	$ 1.62
Diluted shares:
Weighted average shares outstanding - basic (in shares)	73.7	88	76.3	96.2
Effect of dilutive securities:
Stock options and restricted stock awards [in shares]	1.4	2	1.6	1.9
Diluted weighted average shares outstanding (in shares)	75.1	90	77.9	98.1
Earnings (loss) per share – diluted:
Income (loss) from continuing operations	$ 0.51	$ 0.63	$ 1.82	$ 0.93
Gain (loss) on disposition of discontinued operations – net of tax	0	0.03	0.06	0.65
Net income (loss)	0.51	$ 0.66	1.88	$ 1.58
Other details of antidilutive securities
Common stock, par value (in dollars per share)	$ 0.01		$ 0.01		$ 0.01
Restricted Stock
Other details of antidilutive securities
Antidilutive securities excluded from computation of earnings per share (in shares)	0.2		0.1

FINANCE RECEIVABLES - Finance R

FINANCE RECEIVABLES - Finance Receivables, Net (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Finance receivables transferred as sales	$ 72	$ 60.5	$ 228.1	$ 149.5
Loans receivables held-for-sale	16.6		16.6			$ 26
Total finance receivables, gross	162.7		162.7			206.7
Allowance for credit losses	(4.5)	(7.1)	(4.5)	(7.1)	$ (4.5)	(6.6)	$ (6.3)	$ (6.3)
Total finance receivables, net	158.2		158.2			200.1
Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total finance receivables, gross	119.9		119.9			180.2
Allowance for credit losses	(3)	(6.6)	(3)	(6.6)	(3)	(5.7)	(5.9)	(5.9)
Sales-type leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total finance receivables, gross	42.8		42.8			26.5
Allowance for credit losses	(1.5)	$ (0.5)	(1.5)	$ (0.5)	$ (1.5)	(0.9)	$ (0.4)	$ (0.4)
Prepaid Expenses and Other Current Assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total finance receivables, net	59		59			84
Other assets
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total finance receivables, net	$ 99		$ 99			$ 116

FINANCE RECEIVABLES - Allowance

FINANCE RECEIVABLES - Allowance for Credit Losses on Finance Receivable (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	$ 4.5	$ 6.3	$ 6.6	$ 6.3
Provision for credit losses	0	1	(1)	1.1
Charge offs	0	(0.2)	(1.1)	(0.3)
Balance, end of period	4.5	7.1	4.5	7.1
Commercial loans
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	3	5.9	5.7	5.9
Provision for credit losses	0	0.9	(1.6)	1
Charge offs	0	(0.2)	(1.1)	(0.3)
Balance, end of period	3	6.6	3	6.6
Sales-type leases
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Balance, beginning of period	1.5	0.4	0.9	0.4
Provision for credit losses	0	0.1	0.6	0.1
Charge offs	0	0	0	0
Balance, end of period	$ 1.5	$ 0.5	$ 1.5	$ 0.5

FINANCE RECEIVABLES - Individua

FINANCE RECEIVABLES - Individually Impaired Finance Receivables (Details) - USD ($) $ in Millions	9 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Financing Receivable, Impaired [Line Items]
Recorded investment	$ 1.5		$ 6
Related allowance	0.6		2.4
Average recorded investment	2.7		3.7
Commercial Loans
Financing Receivable, Impaired [Line Items]
Recorded investment	1.5		6
Related allowance	0.6		2.4
Average recorded investment	2.7	$ 3	3.7
Sales-Type Leases
Financing Receivable, Impaired [Line Items]
Recorded investment	0		0
Related allowance	0		0
Average recorded investment	$ 0	$ 0	$ 0

FINANCE RECEIVABLES - Individ_2

FINANCE RECEIVABLES - Individually and Collectively Evaluated Impaired Finance Receivables (Details) - USD ($) $ in Millions	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016
Allowance for credit losses, ending balance:
Individually evaluated for impairment	$ 0.6		$ 2.4
Collectively evaluated for impairment	3.9		4.2
Total allowance for credit losses	4.5	$ 4.5	6.6	$ 7.1	$ 6.3	$ 6.3
Finance receivables, ending balance:
Individually evaluated for impairment	1.5		6
Collectively evaluated for impairment	161.2		200.7
Total finance receivables	162.7		206.7
Commercial Loans
Allowance for credit losses, ending balance:
Individually evaluated for impairment	0.6		2.4
Collectively evaluated for impairment	2.4		3.3
Total allowance for credit losses	3	3	5.7	6.6	5.9	5.9
Finance receivables, ending balance:
Individually evaluated for impairment	1.5		6
Collectively evaluated for impairment	118.4		174.2
Total finance receivables	119.9		180.2
Sales-Type Leases
Allowance for credit losses, ending balance:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	1.5		0.9
Total allowance for credit losses	1.5	$ 1.5	0.9	$ 0.5	$ 0.4	$ 0.4
Finance receivables, ending balance:
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	42.8		26.5
Total finance receivables	$ 42.8		$ 26.5

FINANCE RECEIVABLES - Past Due

FINANCE RECEIVABLES - Past Due Finance Receivables (Details) - USD ($)	Sep. 30, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 157,900,000	$ 200,700,000
Noncurrent past due	4,800,000	6,000,000
Total finance receivables	162,700,000	206,700,000
31-60 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Noncurrent past due	2,600,000	2,100,000
61-90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Noncurrent past due	100,000	0
Greater than 90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Noncurrent past due	2,100,000	3,900,000
Commercial loans
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	115,100,000	174,200,000
Noncurrent past due	4,800,000	6,000,000
Total finance receivables	119,900,000	180,200,000
Non-accrual status	5,500,000	10,500,000
Commercial loans | 31-60 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Noncurrent past due	2,600,000	2,100,000
Commercial loans | 61-90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Noncurrent past due	100,000	0
Commercial loans | Greater than 90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Noncurrent past due	2,100,000	3,900,000
Sales-type leases
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	42,800,000	26,500,000
Noncurrent past due	0	0
Total finance receivables	42,800,000	26,500,000
Non-accrual status	0	0
Sales-type leases | 31-60 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Noncurrent past due	0	0
Sales-type leases | 61-90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Noncurrent past due	0	0
Sales-type leases | Greater than 90 days past due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Noncurrent past due	$ 0	$ 0

FINANCE RECEIVABLES - Finance_2

FINANCE RECEIVABLES - Finance Receivable Credit Quality Indicators (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment [Line Items]
Total	$ 162.7	$ 206.7
Superior
Financing Receivable, Recorded Investment [Line Items]
Total	5.8	3.3
Above Average
Financing Receivable, Recorded Investment [Line Items]
Total	24.3	31.8
Average
Financing Receivable, Recorded Investment [Line Items]
Total	31.9	73.1
Below Average
Financing Receivable, Recorded Investment [Line Items]
Total	90.4	79.6
Sub Standard
Financing Receivable, Recorded Investment [Line Items]
Total	$ 10.3	$ 18.9

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Inventory Disclosure [Abstract]
Finished equipment	$ 448.2	$ 419.6
Replacement parts	163.8	163.3
Work-in-process	212.1	165.6
Raw materials and supplies	288.2	221.1
Inventories	1,112.3	969.6
Inventory reserves	$ 81.4	$ 85.8

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Property, plant and equipment.
Gross property, plant and equipment	$ 697.7	$ 667.3
Less: Accumulated depreciation	(367)	(356.3)
Net property, plant and equipment	330.7	311
Property
Property, plant and equipment.
Gross property, plant and equipment	48.1	43.3
Plant
Property, plant and equipment.
Gross property, plant and equipment	175.8	144.7
Equipment
Property, plant and equipment.
Gross property, plant and equipment	$ 473.8	$ 479.3

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS, NET (Details) $ in Millions	9 Months Ended
	Sep. 30, 2018USD ($)
Changes in goodwill by business segment
Balance at the beginning of the period, goodwill gross	$ 514.7
Accumulated impairment	(241.1)
Balance at the beginning of the period, goodwill net	273.6
Foreign exchange effect and other	(5.5)
Balance at the end of the period, goodwill gross	509.2
Accumulated impairment	(241.1)
Balance at the end of the period, goodwill net	268.1
AWP
Changes in goodwill by business segment
Balance at the beginning of the period, goodwill gross	140.2
Accumulated impairment	(38.6)
Balance at the beginning of the period, goodwill net	101.6
Foreign exchange effect and other	(0.7)
Balance at the end of the period, goodwill gross	139.5
Accumulated impairment	(38.6)
Balance at the end of the period, goodwill net	100.9
Cranes
Changes in goodwill by business segment
Balance at the beginning of the period, goodwill gross	179.3
Accumulated impairment	(179.3)
Balance at the beginning of the period, goodwill net	0
Foreign exchange effect and other	0
Balance at the end of the period, goodwill gross	179.3
Accumulated impairment	(179.3)
Balance at the end of the period, goodwill net	0
MP
Changes in goodwill by business segment
Balance at the beginning of the period, goodwill gross	195.2
Accumulated impairment	(23.2)
Balance at the beginning of the period, goodwill net	172
Foreign exchange effect and other	(4.8)
Balance at the end of the period, goodwill gross	190.4
Accumulated impairment	(23.2)
Balance at the end of the period, goodwill net	$ 167.2

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS, NET GOODWILL AND INTANGIBLE ASSETS, NET - INTANGIBLE ASSETS (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Dec. 31, 2017
Definite-lived intangible assets:
Gross Carrying Amount	$ 81.7		$ 81.7		$ 83.3
Accumulated Amortization	(69.8)		(69.8)		(69.5)
Net Carrying Amount	11.9		11.9		13.8
Aggregate Amortization Expense	0.5	$ 0.5	1.5	$ 1.5
Finite-Lived Intangible Assets, Future Amortization Expense [Abstract]
2,018	2		2
2,019	1.7		1.7
2,020	1.7		1.7
2,021	1.6		1.6
2,022	1.4		$ 1.4
Technology
Definite-lived intangible assets:
Weighted Average Life (in years)			7 years
Gross Carrying Amount	18.2		$ 18.2		18.8
Accumulated Amortization	(17.4)		(17.4)		(17.8)
Net Carrying Amount	0.8		$ 0.8		1
Customer Relationships
Definite-lived intangible assets:
Weighted Average Life (in years)			20 years
Gross Carrying Amount	32.8		$ 32.8		33.2
Accumulated Amortization	(28.7)		(28.7)		(28.3)
Net Carrying Amount	4.1		$ 4.1		4.9
Land Use Rights
Definite-lived intangible assets:
Weighted Average Life (in years)			81 years
Gross Carrying Amount	4.3		$ 4.3		4.8
Accumulated Amortization	(0.6)		(0.6)		(0.6)
Net Carrying Amount	3.7		$ 3.7		4.2
Other
Definite-lived intangible assets:
Weighted Average Life (in years)			8 years
Gross Carrying Amount	26.4		$ 26.4		26.5
Accumulated Amortization	(23.1)		(23.1)		(22.8)
Net Carrying Amount	$ 3.3		$ 3.3		$ 3.7

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Derivative [Line Items]
Cash flow hedge gain (loss) to be reclassified within twelve months	$ (2.7)
Derivatives designated as hedges | Foreign exchange contracts
Derivative [Line Items]
Derivative notional amount	313.9	$ 313.4
Derivatives designated as hedges | Cross currency swaps
Derivative [Line Items]
Derivative notional amount	46.4	48
Derivatives designated as hedges | Commodity swaps
Derivative [Line Items]
Derivative notional amount	16.1
Derivatives not designated as hedges | Foreign exchange contracts
Derivative [Line Items]
Derivative notional amount	$ 59.8	$ 113.2

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Balance Sheet and Income Statement Table (Details) - USD ($) $ in Millions	Sep. 30, 2018	Dec. 31, 2017
Derivatives designated as hedges
Derivative [Line Items]
Net derivative asset (liability)	$ (7.7)	$ (0.4)
Derivatives designated as hedges | Other current assets | Foreign exchange contracts
Derivative [Line Items]
Derivative assets	1.9	5.8
Derivatives designated as hedges | Other current assets | Cross currency swaps
Derivative [Line Items]
Derivative assets	0.7	0.7
Derivatives designated as hedges | Other assets | Debt conversion feature
Derivative [Line Items]
Derivative assets	0	0
Derivatives designated as hedges | Other current liabilities | Foreign exchange contracts
Derivative [Line Items]
Derivatives liabilities	(5.8)	(1.6)
Derivatives designated as hedges | Other non-current liabilities | Cross currency swaps
Derivative [Line Items]
Derivatives liabilities	(4.5)	(5.3)
Derivatives not designated as hedges
Derivative [Line Items]
Net derivative asset (liability)	0.5	1.8
Derivatives not designated as hedges | Other current assets | Foreign exchange contracts
Derivative [Line Items]
Derivative assets	0	0.3
Derivatives not designated as hedges | Other current assets | Cross currency swaps
Derivative [Line Items]
Derivative assets	0	0
Derivatives not designated as hedges | Other assets | Debt conversion feature
Derivative [Line Items]
Derivative assets	1.2	1.5
Derivatives not designated as hedges | Other current liabilities | Foreign exchange contracts
Derivative [Line Items]
Derivatives liabilities	(0.7)	0
Derivatives not designated as hedges | Other non-current liabilities | Cross currency swaps
Derivative [Line Items]
Derivatives liabilities	$ 0	$ 0

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS - Comprehensive Income Statement and AOCI Table (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Derivative [Line Items]
Cost of goods sold	$ (995.7)	$ (892.2)	$ (3,148.9)	$ (2,687.8)
Other income (expense) – net	(4.4)	5.1	(5.8)	47.1
Derivatives not designated as hedges
Derivative [Line Items]
Derivative, gain (loss) recognized in income	(1.7)	1.2	(1.2)	(1.1)
Cash Flow Hedging | Derivatives designated as hedges
Derivative [Line Items]
Gain (Loss) Recognized on Derivatives in OCI, net of tax	0.1	(1.1)	(7.2)	4.4
Gain (Loss) Reclassified from AOCI into Income	(1.3)		2.2
Gain (Loss) Reclassified from AOCI into Income (Effective)		0.9		(1.3)
Gain (Loss) Recognized on Derivatives (Ineffective) in Income		1.1		1.8
Cash Flow Hedging | Cost of goods sold | Derivatives designated as hedges
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income	(1.6)		0.6
Gain (Loss) Reclassified from AOCI into Income (Effective)		2.5		1
Gain (Loss) Recognized on Derivatives (Ineffective) in Income		0.8		1.6
Cash Flow Hedging | Other income (expense) – net | Derivatives designated as hedges
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income	0.3		1.6
Gain (Loss) Reclassified from AOCI into Income (Effective)		(1.6)		(2.3)
Gain (Loss) Recognized on Derivatives (Ineffective) in Income		0.3		0.2
Foreign exchange contracts | Other income (expense) – net | Derivatives not designated as hedges
Derivative [Line Items]
Derivative, gain (loss) recognized in income	(0.7)	0.7	(0.9)	(1.4)
Foreign exchange contracts | Cash Flow Hedging | Derivatives designated as hedges
Derivative [Line Items]
Gain (Loss) Recognized on Derivatives in OCI, net of tax	0.3	(0.9)	(6.5)	4.6
Foreign exchange contracts | Cash Flow Hedging | Cost of goods sold | Derivatives designated as hedges
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income	(1.6)		0.6
Foreign exchange contracts | Cash Flow Hedging | Other income (expense) – net | Derivatives designated as hedges
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income	0		0
Cross currency swaps | Cash Flow Hedging | Derivatives designated as hedges
Derivative [Line Items]
Gain (Loss) Recognized on Derivatives in OCI, net of tax	(0.2)	(0.2)	(0.7)	(0.2)
Cross currency swaps | Cash Flow Hedging | Cost of goods sold | Derivatives designated as hedges
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income	0		0
Cross currency swaps | Cash Flow Hedging | Other income (expense) – net | Derivatives designated as hedges
Derivative [Line Items]
Gain (Loss) Reclassified from AOCI into Income	0.3		1.6
Debt conversion feature | Other income (expense) – net | Derivatives not designated as hedges
Derivative [Line Items]
Derivative, gain (loss) recognized in income	(1)	$ 0.5	(0.3)	$ 0.3
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Gain (Loss), Cash Flow Hedge, Including Noncontrolling Interest | Cash Flow Hedging
Derivative [Line Items]
Cost of goods sold	(995.7)		(3,148.9)
Other income (expense) – net	$ (4.4)		$ (5.8)

RESTRUCTURING AND OTHER CHARG_3

RESTRUCTURING AND OTHER CHARGES - Additional Information (Details) $ in Millions	9 Months Ended
	Sep. 30, 2018USD ($)team_member	Sep. 30, 2017USD ($)
Restructuring Cost and Reserve [Line Items]
Amount incurred during the nine months ended September 30, 2018	$ (2.8)
Cumulative amount incurred through September 30, 2018	60.7
Total amount expected to be incurred	60.7
Employee Termination Costs
Restructuring Cost and Reserve [Line Items]
Amount incurred during the nine months ended September 30, 2018	(4.7)
Cumulative amount incurred through September 30, 2018	40.9
Total amount expected to be incurred	40.9
Facility Exit Costs
Restructuring Cost and Reserve [Line Items]
Amount incurred during the nine months ended September 30, 2018	1.9
Cumulative amount incurred through September 30, 2018	7
Total amount expected to be incurred	7
Asset Disposal and Other Costs
Restructuring Cost and Reserve [Line Items]
Amount incurred during the nine months ended September 30, 2018	0
Cumulative amount incurred through September 30, 2018	12.8
Total amount expected to be incurred	12.8
AWP
Restructuring Cost and Reserve [Line Items]
Amount incurred during the nine months ended September 30, 2018	0
Cumulative amount incurred through September 30, 2018	0.2
Total amount expected to be incurred	0.2
Cranes
Restructuring Cost and Reserve [Line Items]
Amount incurred during the nine months ended September 30, 2018	(3.7)
Cumulative amount incurred through September 30, 2018	57.4
Total amount expected to be incurred	57.4
MP
Restructuring Cost and Reserve [Line Items]
Amount incurred during the nine months ended September 30, 2018	0
Cumulative amount incurred through September 30, 2018	0.1
Total amount expected to be incurred	0.1
Corp & Other
Restructuring Cost and Reserve [Line Items]
Amount incurred during the nine months ended September 30, 2018	0.9
Cumulative amount incurred through September 30, 2018	3
Total amount expected to be incurred	3
Cost of goods sold
Restructuring Cost and Reserve [Line Items]
Restructuring charges (reductions)	(2.3)	$ (1.2)
Severance charges	0.5
Decrease in severance accruals		(17.8)
Selling, General and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charges (reductions)	(0.5)	2.5
Severance charges	$ 3	$ 4.7
Cranes Segment Transfer of Production Between Facilities
Restructuring Cost and Reserve [Line Items]
Expected number of positions eliminated | team_member	550

RESTRUCTURING AND OTHER CHARG_4

RESTRUCTURING AND OTHER CHARGES - Rollforward of Restructuring Reserve (Details) - Employee Termination Costs $ in Millions	9 Months Ended
	Sep. 30, 2018USD ($)
Roll forward of the restructuring reserve by type of restructuring activity
Restructuring reserve at December 31, 2017	$ 29.7
Restructuring reserve increase (decrease)	(4.7)
Cash expenditures	(9.5)
Foreign exchange	(0.4)
Restructuring reserve at September 30, 2018	$ 15.1

LONG-TERM OBLIGATIONS - 2017 Cr

LONG-TERM OBLIGATIONS - 2017 Credit Agreement (Details)	Feb. 28, 2018	Aug. 17, 2017	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Jan. 31, 2017USD ($)
Debt Instrument [Line Items]
Loss on early extinguishment of debt			$ 0	$ (700,000)	$ (700,000)	$ (52,600,000)
2017 Credit Agreement
Debt Instrument [Line Items]
Loss on early extinguishment of debt					(700,000)
Letters of credit outstanding, amount			0		0			$ 0
Percentage of capital stock of foreign subsidiary pledged as collateral for borrowings (as a percent)									65.00%
Letter of Credit | 2017 Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			400,000,000		400,000,000
Line of Credit | 2017 Credit Agreement
Debt Instrument [Line Items]
Incremental borrowing capacity									$ 300,000,000
Line of Credit | Secured Debt | 2017 Credit Agreement
Debt Instrument [Line Items]
Decrease in interest rate	0.025%	0.025%
Line of credit									$ 400,000,000
Long-term debt			$ 392,400,000		$ 392,400,000			$ 395,100,000
Debt, weighted average interest rate			4.29%		4.29%			3.94%
Line of Credit | Revolving Credit Facility | 2017 Credit Agreement
Debt Instrument [Line Items]
Available borrowing capacity			$ 600,000,000		$ 600,000,000		$ 450,000,000
Line of credit			$ 150,300,000		$ 150,300,000			$ 0
Springing covenant threshold									30.00%
Debt instrument covenant minimum interest coverage ratio					2.5
Debt instrument covenant senior secured debt leverage ratio maximum					2.75
Debt, weighted average interest rate			4.63%		4.63%
Line of Credit | Letter of Credit | 2017 Credit Agreement
Debt Instrument [Line Items]
Letters of credit outstanding, amount			$ 61,900,000		$ 61,900,000			57,400,000
Line of Credit | Letter of Credit | Additional Credit Agreement 2017
Debt Instrument [Line Items]
Letters of credit maximum available under additional facilities									$ 300,000,000
Letters of credit outstanding, amount			33,600,000		33,600,000			34,300,000
Line of Credit | Letter of Credit | Bilateral Arrangements 2017 Credit Agreement
Debt Instrument [Line Items]
Letters of credit outstanding, amount			$ 28,300,000		$ 28,300,000			$ 23,100,000
Line of Credit | LIBOR | Secured Debt | 2017 Credit Agreement
Debt Instrument [Line Items]
Basis spread on variable rate	2.00%
Floor interest rate	0.75%

LONG-TERM OBLIGATIONS - 2014 Cr

LONG-TERM OBLIGATIONS - 2014 Credit Agreement (Details) € in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2017USD ($)	Aug. 13, 2014USD ($)	Aug. 13, 2014EUR (€)
Debt Instrument [Line Items]
Loss on early extinguishment of debt	$ 0	$ 0.7	$ 0.7	$ 52.6
2014 Credit Agreement
Debt Instrument [Line Items]
Available borrowing capacity					$ 600
Loss on early extinguishment of debt				$ 8.2
Line of Credit | Secured Debt | 2014 Credit Agreement
Debt Instrument [Line Items]
Line of credit					$ 230	€ 200

LONG-TERM OBLIGATIONS - 6-1_2%

LONG-TERM OBLIGATIONS - 6-1/2% Senior Notes (Details) - USD ($) $ in Millions	Apr. 03, 2017	Mar. 31, 2017	Sep. 30, 2018	Sep. 30, 2017	Mar. 27, 2012	Mar. 26, 2012
Debt Instrument [Line Items]
Repayments of debt			$ 717.8	$ 1,593
Senior Notes | 6-1/2% Notes
Debt Instrument [Line Items]
Interest rate (as a percent)	6.50%	6.50%	6.50%		6.50%
Long-term debt						$ 300
Debt instrument, redemption price, percentage of principal amount redeemed	103.25%
Repurchased face amount of debt	$ 254.2	$ 45.8
Repayments of debt	266.7	47.9
Repurchase premium		1.2
Interest payable	8.4	$ 0.9
Call premium	$ 4.1

LONG-TERM OBLIGATIONS - 6% Seni

LONG-TERM OBLIGATIONS - 6% Senior Notes (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Mar. 31, 2017	Sep. 30, 2018	Sep. 30, 2017	Jan. 31, 2017	Nov. 26, 2012	Nov. 13, 2007
Debt Instrument [Line Items]
Repayments of debt		$ 717.8	$ 1,593
Senior Notes | 6% Notes
Debt Instrument [Line Items]
Interest rate (as a percent)	6.00%	6.00%		6.00%	6.00%
Long-term debt					$ 850
Repurchased face amount of debt	$ 850
Repayments of debt	887.2
Repurchase premium	25.9
Interest payable	$ 11.3
Senior Notes | 8% Senior Subordinated Notes
Debt Instrument [Line Items]
Interest rate (as a percent)						8.00%
Long-term debt						$ 800

LONG-TERM OBLIGATIONS - 5-5_8%

LONG-TERM OBLIGATIONS - 5-5/8% Senior Notes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017	Apr. 03, 2017	Mar. 31, 2017	Jan. 31, 2017	Nov. 26, 2012	Mar. 27, 2012	Mar. 26, 2012
Debt Instrument [Line Items]
Loss on early extinguishment of debt	$ 0	$ 0.7	$ 0.7	$ 52.6
Senior Notes
Debt Instrument [Line Items]
Loss on early extinguishment of debt				$ 43.7
Senior Notes | 5-5/8% Notes
Debt Instrument [Line Items]
Face amount of debt							$ 600
Interest rate (as a percent)	5.625%		5.625%				5.625%
Long-term debt	$ 600		$ 600
Senior Notes | 6% Notes
Debt Instrument [Line Items]
Interest rate (as a percent)	6.00%		6.00%			6.00%	6.00%	6.00%
Tender offer for face amount of debt							$ 550
Long-term debt								$ 850
Senior Notes | Senior Notes, 6%, $300 Million Partial Redemption
Debt Instrument [Line Items]
Authorized repurchase amount							$ 300
Senior Notes | 6-1/2% Notes
Debt Instrument [Line Items]
Interest rate (as a percent)	6.50%		6.50%		6.50%	6.50%			6.50%
Long-term debt										$ 300

LONG-TERM OBLIGATIONS - Fair Va

LONG-TERM OBLIGATIONS - Fair Value of Debt (Details) $ in Millions	Sep. 30, 2018USD ($)$ / shares	Dec. 31, 2017USD ($)
Senior Notes | 5-5/8% Notes
Debt Instrument [Line Items]
Book Value	$ 600
Senior Notes | 5-5/8% Notes | Fair Value, Inputs, Level 1
Debt Instrument [Line Items]
Fair Value	594
Line of Credit | Secured Debt | 2017 Credit Agreement Term Loan (net of discount)
Debt Instrument [Line Items]
Book Value	392.4	$ 395.1
Line of Credit | Secured Debt | 2017 Credit Agreement Term Loan (net of discount) | Fair Value, Inputs, Level 1
Debt Instrument [Line Items]
Fair Value	$ 395
Measurement Input, Quoted Price | Senior Notes | 5-5/8% Notes
Debt Instrument [Line Items]
Quotes | $ / shares	0.99000
Measurement Input, Quoted Price | Line of Credit | Secured Debt | 2017 Credit Agreement Term Loan (net of discount)
Debt Instrument [Line Items]
Quotes | $ / shares	1.00668

RETIREMENT PLANS AND OTHER BE_3

RETIREMENT PLANS AND OTHER BENEFITS (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Other Plans
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 actuarial loss	0.1	0	0.1	0
Other costs	0	0	0	0
Net periodic cost	0.1	0	0.2	0.1
U.S. Plan | Pension Plan
Components of net periodic cost:
Service cost	0.1	0.2	0.3	0.5
Interest cost	1.5	1.7	4.4	4.9
Expected return on plan assets	(2)	(2)	(6)	(5.9)
Amortization of actuarial loss	1	1.1	3.1	3.4
Other costs	0	0	0	0
Net periodic cost	0.6	1	1.8	2.9
Non-U.S. Plan | Pension Plan
Components of net periodic cost:
Service cost	0.7	0.7	2.1	2.1
Interest cost	1.1	1.2	3.6	3.7
Expected return on plan assets	(1.2)	(1.3)	(3.9)	(3.7)
Amortization of actuarial loss	0.8	1	2.5	2.6
Other costs	0	0	0.2	0
Net periodic cost	$ 1.4	$ 1.6	$ 4.5	$ 4.7

LITIGATION AND CONTINGENCIES (D

LITIGATION AND CONTINGENCIES (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2018	Dec. 31, 2017
Loss Contingencies and Guarantee Obligations
Guarantee terms maximum	5 years
Fair value of all guarantees recorded in other current liabilities	$ 4	$ 4
Credit Guarantee
Loss Contingencies and Guarantee Obligations
Guarantees, maximum exposure	55.5	49.2
Residual Value Guarantee
Loss Contingencies and Guarantee Obligations
Guarantees, maximum exposure	$ 3.1	$ 4.2

STOCKHOLDERS' EQUITY - Accumula

STOCKHOLDERS' EQUITY - Accumulated Other Comprehensive Income (Loss) Rollforward (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2018	Sep. 30, 2017
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	$ (288.2)	$ (293.6)	$ (239.5)	$ (779.4)
Other comprehensive income (loss) before reclassifications	(18)	32.7	(67.1)	101.6
Amounts reclassified from AOCI	1.9	(0.7)	2.3	416.2
Net Other Comprehensive Income (Loss)	(16.1)	32	(64.8)	517.8
Ending balance	(304.3)	(261.6)	(304.3)	(261.6)
CTA
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(187.8)	(190.3)	(144.7)	(615.3)
Other comprehensive income (loss) before reclassifications	(18.1)	32.4	(61.2)	100.4
Amounts reclassified from AOCI	(0.7)	(1.2)	(0.7)	355.8
Net Other Comprehensive Income (Loss)	(18.8)	31.2	(61.9)	456.2
Ending balance	(206.6)	(159.1)	(206.6)	(159.1)
CTA | Discontinued Operations, Disposed of by Sale | Material Handling & Port Solutions
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Amounts reclassified from AOCI				352.1
Currency translation adjustment, tax benefit				1.5
Derivative Hedging Adj.
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(5.2)	3.1	2.1	(2.4)
Other comprehensive income (loss) before reclassifications	(1)	(0.1)	(5.7)	3.7
Amounts reclassified from AOCI	1.1	(1)	(1.5)	0.7
Net Other Comprehensive Income (Loss)	0.1	(1.1)	(7.2)	4.4
Ending balance	(5.1)	2	(5.1)	2
Debt & Equity Securities Adj.
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	0.7	1.3	4.3	0.6
Other comprehensive income (loss) before reclassifications	0.4	2.4	(3.2)	3
Amounts reclassified from AOCI	0	0	0	0.1
Net Other Comprehensive Income (Loss)	0.4	2.4	(3.2)	3.1
Ending balance	1.1	3.7	1.1	3.7
Pension Liability Adj.
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance	(95.9)	(107.7)	(101.2)	(162.3)
Other comprehensive income (loss) before reclassifications	0.7	(2)	3	(5.5)
Amounts reclassified from AOCI	1.5	1.5	4.5	59.6
Net Other Comprehensive Income (Loss)	2.2	(0.5)	7.5	54.1
Ending balance	$ (93.7)	$ (108.2)	$ (93.7)	(108.2)
Pension Liability Adj. | Discontinued Operations, Disposed of by Sale | Material Handling & Port Solutions
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Amounts reclassified from AOCI				55.4
Currency translation adjustment, tax benefit				$ 23.9

STOCKHOLDERS' EQUITY - Stock-Ba

STOCKHOLDERS' EQUITY - Stock-Based Compensation (Details) - $ / shares shares in Millions	Mar. 08, 2018	Sep. 30, 2018
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		1
Granted (in dollars per shares)		$ 40.25
Restricted Stock, Time-based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of awards		62.00%
Award vesting period		3 years
Restricted Stock, Time-based | Tranche 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		33.33%
Restricted Stock, Time-based | Tranche 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		33.33%
Restricted Stock, Time-based | Tranche 3
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		33.33%
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of awards		25.00%
Award vesting period		3 years
Performance Shares | Tranche 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		100.00%
Market Condition Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of awards		13.00%
Award vesting period		3 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Dividend yields (as a percent)	1.00%
Expected volatility (as a percent)	40.41%
Risk-free interest rate (as a percent)	2.38%
Expected life (in years)	3 years
Market Condition Award | Tranche 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		100.00%
Market Condition Award | March 8, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in dollars per shares)	$ 41.57

STOCKHOLDERS' EQUITY - Share Re

STOCKHOLDERS' EQUITY - Share Repurchases and Dividends (Details) - USD ($) $ / shares in Units, shares in Millions

1 Months Ended

3 Months Ended

9 Months Ended

23 Months Ended

Oct. 31, 2018

Sep. 30, 2018

Jun. 30, 2018

Mar. 31, 2018

Sep. 30, 2017

Sep. 30, 2018

Sep. 30, 2017

Dec. 31, 2016

Jul. 12, 2018

Feb. 07, 2018

Sep. 06, 2017

May 30, 2017

Feb. 28, 2017

Feb. 17, 2015

Subsequent Event [Line Items]

Stock repurchase program, authorized amount

$ 300,000,000

$ 325,000,000

$ 225,000,000

$ 280,000,000

$ 350,000,000

$ 200,000,000

Stock repurchased during period, value

$ 131,000,000

Treasury stock acquired (in shares)

8

Treasury stock acquired, cost method

$ 325,000,000

Dividends declared (in dollars per share)

$ 0.10

$ 0.10

$ 0.10

$ 0.08

$ 0.30

$ 0.24

Subsequent Event

Subsequent Event [Line Items]

Dividends declared (in dollars per share)

$ 0.10